About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Assembly to begin immediatelyMONROE TOWNSHIP, N.J., April 14, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it has secured a contract from a new international government customer for a fully integrated WAM-V for near term delivery. This contract further increases the value delivered from the Company’s previously announced expansion into cer ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Expands Commercial Reach of Intelligent Maritime Solutions Across Latin AmericaMONROE TOWNSHIP, N.J., April 11, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced the signing of a reseller agreement with Elektron SAS (“Elektron”), a Cartegena, Colombia based specialist in hydrographic and oceanographic instrumentation services. This partnership ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

MONROE TOWNSHIP, N.J., April 10, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE:OPTT) ("OPT" or the "Company"), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced the signing of a reseller agreement with Grava Hydrographic Solutions LLC ("Grava Hydro"), a U.S.-based specialist in hydrographic and oceanographic equipment integration and services. Under the agreement, Grava Hydro will expand the availability, sales, and support of OPT ...

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Core Insights - Ocean Power Technologies, Inc. (OPT) maintains operational continuity and competitive advantage due to its majority domestic supply chain and resilient workforce [1][2] - The company confirms that its inventory levels and procurement practices remain unaffected by global supply chain challenges, with no anticipated material impact on inventory costs [2][3] - Demand for dual-use technologies in both defense and renewable energy sectors is increasing, and OPT's supply chain strategy is designed to meet this demand while ensuring quality and delivery performance [3][4] Company Overview - OPT provides intelligent maritime solutions for various markets, including defense, oil and gas, science and research, and offshore wind [5] - The company emphasizes its commitment to U.S. manufacturing and engineering excellence, which supports mission-critical applications globally [4][5] - OPT's product offerings include PowerBuoy® platforms for clean energy and real-time data communications, as well as WAM-V® autonomous surface vessels and marine robotics services [5]

Core Viewpoint - Ocean Power Technologies, Inc. (OPT) is strategically positioned to navigate global supply chain challenges due to its majority domestic supply chain and resilient workforce [1][2]. Supply Chain and Operations - OPT confirms that its inventory levels and procurement practices remain unaffected by recent global developments impacting logistics and raw material availability [2]. - The company does not anticipate any material impact on inventory costs and continues to fulfill customer commitments on schedule [2]. - The strong domestic supply chain is highlighted as a key differentiator for OPT, especially during times of global economic uncertainty [3]. Workforce and Collaboration - OPT maintains a fully U.S.-based workforce, with over 20% being veterans, while effectively collaborating with international partners [3]. - This workforce structure enables the company to remain agile, responsive, and competitive across both defense and commercial energy sectors [3]. Market Demand - There is an increasing demand for dual-use technologies that serve both defense and renewable energy applications in domestic and international markets [3]. - OPT's supply chain strategy and operational footprint are designed to meet this growing demand while maintaining high standards of quality, security, and delivery performance [3]. Commitment to Manufacturing - The company's commitment to U.S. manufacturing and engineering excellence is central to its ability to support mission-critical applications for customers globally [4]. Product and Service Offerings - OPT provides intelligent maritime solutions and services for various markets, including defense, oil and gas, science and research, and offshore wind [5]. - Key products include Merrows™ for AI integration of Maritime Domain Awareness Systems, PowerBuoy® platforms for clean electric power, and WAM-V® autonomous surface vessels [5].