System includes AT&T® 5G technology for seamless Maritime Domain AwarenessMONROE TOWNSHIP, N.J., July 09, 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 successful installation of its previously contracted PowerBuoy® system for the Naval Postgraduate School (NPS). The full system, now deployed in Monterey Bay, integrates AT&T® 5G technol ...

MONROE TOWNSHIP, N.J., June 04, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative, cost-effective, low-carbon and artificial intelligence maritime services that enable safer and more productive ocean operations and related power, data, and service solutions, today announced the hiring of Jason Weed as Senior Vice President – Commercial Sales. Mr. Weed is a strategic leader and retired U.S. Navy Captain with over 15 years of executi ...

Core Insights - Ocean Power Technologies, Inc. (OPT) has been recognized as one of the initial certified operators under the AUVSI Trusted UMS Operator Program, highlighting its commitment to operational excellence in autonomous maritime solutions [1][2][3] Group 1: Certification and Commitment - The AUVSI Trusted UMS Operator Program aims to establish high standards for training, proficiency, and safety in the operation of uncrewed maritime systems [2] - OPT's certification underscores its dedication to safety, operational rigor, and workforce training in deploying uncrewed technologies in challenging maritime environments [3] - The Trusted Operator designation provides a framework for standardizing skills and practices across the industry, helping stakeholders identify operators who meet high performance and accountability standards [3] Group 2: Company Overview and Services - OPT specializes in intelligent maritime solutions that enhance safety, cleanliness, and productivity in ocean operations across various sectors, including defense, security, oil and gas, science and research, and offshore wind [4] - The company offers products such as Merrows™, which integrates AI for Maritime Domain Awareness Systems, and PowerBuoy® platforms that provide clean electric power and real-time data communications for remote maritime applications [4]

Group 1 - Ocean Power Technologies, Inc. has successfully completed its first WAM-V 22 sea trials for a significant customer operating in Sub Saharan Africa, conducted at its newly permitted test site in Southern New Jersey [1][2] - The completion of these sea trials allows the company to conduct year-round testing on both the East and West Coasts, facilitating quicker product delivery and reducing the time from booking to revenue recognition [2] - Ocean Power Technologies specializes in intelligent maritime solutions, including AI-capable systems for maritime domain awareness, PowerBuoy platforms for clean energy, and WAM-V unmanned surface vehicles [3]

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].