Year Over Year Backlog increases to $15.0 Million as Commercial Momentum AcceleratesMONROE TOWNSHIP, N.J., Dec. 15, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), today announced financial results for its fiscal second quarter (“2Q26”) ended October 31, 2025. Highlights include: 2Q26 RESULTS and RECENT HIGHLIGHTS Backlog at October 31, 2025 was approximately $15.0 million, an increase of $11.2 million and nearly 300% over the prior year period.Pipelin ...

Group 1 - Ocean Power Technologies, Inc. (OPT) has signed a new reseller agreement with a partner in Latin America to enhance its presence in the Mexican offshore and maritime markets [1][2] - The agreement includes a $3 million purchase commitment for OPT's WAM-V® Unmanned Surface Vehicles, which will support business development, sales, and technical services [2][3] - This partnership is part of OPT's strategy to expand its global reseller network and access high-growth markets, particularly in security, energy, and commercial sectors in Mexico [3] Group 2 - The company focuses on providing intelligent maritime solutions that enhance safety, cleanliness, and productivity in various sectors, including defense, oil and gas, and offshore wind [4] - OPT's product offerings include PowerBuoy® platforms for clean energy and real-time data communications, as well as marine robotics services [4]