MONROE TOWNSHIP, N.J., July 25, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), today announced financial results for its fiscal fourth quarter ("4Q24") and full-year ended April 30, 2024 ("FY24"). Highlights include: 4Q24 and RECENT HIGHLIGHTS Backlog at April 30, 2024 is $4.9 million, a 25% increase over the prior year. Pipeline at April 30, 2024 stood at $71.6 million In July 2024 we announced a contract for immediate delivery of a PowerBuoy equippe ...

Ocean Power Technologies Inc (NYSE-A:OPTT) is seeing continued strong demand for its AI-powered Maritime Domain Awareness Solution Merrows, this week announcing it has won a contract for the delivery of a PowerBuoy equipped with the technology in the Middle East. CEO Philip Stratmann told Proactive in an interview that the announcement builds on its earlier announcement it was selected as a preferred supplier for its Merrows-equipped buoys in the region. He also highlighted the potential for the company's t ...

About this content Jamie Ashcroft, the News Editor for Proactive UK, has developed an impressive career in financial journalism, focusing on the small-cap sector for over fourteen years. Before joining the Proactive team, he was a stockbroker during the global financial crisis, a role that complemented his educational background - a firstclass degree in Business and Economics and qualifications in software design and development. As one of the early external hires at Proactive in 2009, Jamie contributed... ...

The Company had previously announced its selection as a preferred supplier for its Merrows equipped buoys in the region. ABOUT OCEAN POWER TECHNOLOGIES This release may contain forward-looking statements that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by certain words or phrases such as "may", "will", "aim", "will likely result", "believe", "expect", "will continue", "anticipate", "estimate", "intend", "plan", "con ...

A conference call to discuss OPT's financial results will be Friday July 26, 2024 9:00am EDT. Philipp Stratmann, CEO, and Bob Powers, CFO will host the call. ABOUT OCEAN POWER TECHNOLOGIES MONROE TOWNSHIP, N.J., July 12, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it will report its fiscal 2024 fourth quarter results for the period e ...

INDIVIDUAL MEETING INFORMATION CONFERENCE CALL AND WEBCAST INFORMATION OPT provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets. Our PowerBuoy® platforms provide clean and reliable electric power and real-time data communications for remote maritime and subsea applications. We also provide WAM-V® autonomous surface vessels (ASVs) and marine robotics serv ...

Company Overview - Ocean Power Technologies, Inc. (OPT) is a leader in innovative and cost-effective low-carbon marine power, data, and service solutions [1] - The company provides intelligent maritime solutions for various markets including defense, oil and gas, science and research, and offshore wind [6] - OPT's PowerBuoy® platforms offer clean electric power and real-time data communications for remote maritime and subsea applications [6] Upcoming Event - OPT will participate in the "Fireside Chats" series hosted by Water Tower Research on July 17, 2024, at 11:00 a.m. ET [1] - Dr. Philipp Stratmann, CEO of OPT, will discuss the company's investments in growth and commercialization opportunities during the event [2] - The "Fireside Chats" series aims to connect the company with the investment community and provide updates on its progress and future plans [3] Registration and Access - Interested parties can register for the listen-only event through a provided link [4] - A replay of the presentation will be available in the Investors section of the OPT website [5]

Core Insights - Ocean Power Technologies, Inc. (OPT) is committed to connecting with the investor community through participation in the "Fireside Chats" series hosted by Water Tower Research on July 17, 2024 [1][3] - Dr. Philipp Stratmann, CEO of OPT, will discuss the company's investments in growth and commercialization opportunities during the event [2] - The "Fireside Chats" series serves as a platform for the company to provide updates on its progress and future plans [3] Company Overview - OPT specializes in innovative and cost-effective low-carbon marine power, data, and service solutions [1] - The company offers intelligent maritime solutions for various sectors, including defense and security, oil and gas, science and research, and offshore wind markets [7] - OPT's PowerBuoy® platforms deliver clean and reliable electric power and real-time data communications for remote maritime and subsea applications [7] - The company also provides WAM-V® autonomous surface vessels (ASVs) and marine robotics services through its subsidiary Marine Advanced Robotics [7] - OPT is headquartered in Monroe Township, New Jersey, with an additional office in Richmond, California [7]

MONROE TOWNSHIP, N.J., July 09, 2024 (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 signed a Memorandum of Understanding (MOU) with AltaSea at the Port of Los Angeles (AltaSea). The joint aim is to explore exciting opportunities within the Blue Economy. This agreement follows a recent visit to AltaSea by Philipp Stratmann, CEO and Presiden ...

Philipp Stratmann, CEO and President of OPT, expressed his enthusiasm about this MOU, stating, "As we continue our growth, we are excited to partner with AltaSea to explore supporting the group of companies developing and deploying marine energy and Blue Economy technologies and projects here in the Port of Los Angeles. We are also excited about the opportunities for staging our renewable energy PowerBuoys and WAMV unmanned surface vehicles at AltaSea for other projects in the Pacific Ocean." For additional ...