Ocean Power Technologies Inc 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. It provides ocean data collection and reporting, marine power, offshore communications, and Maritime Domain Awareness System (MDAS) products, integrated solutions, and consulting services. The company offers its products and services to a wide range of customers, including those in government and offshore energy, oil and gas, construction, wind power, and other industries. The company has operations in North and South America, Europe, Asia and Australia.

Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves in North America, South America, Europe, and Asia. It offers PB3 PowerBuoy system that generates power for use independent of the power grid in offshore locations. The company also provides hybrid PowerBuoy products; subsea battery systems; and software, controls, sensors, integration services, and marine installation services. In addition, it offers distributed offshore power and communications for remote surface and subsea applications in markets, such as defense and security, offshore oil and gas, science and research, and offshore wind. Further, the company provides Wave Adaptive Modular Vessel (WAM-V) technology, which enables roaming capabilities for uncrewed maritime systems in waters; leases WAM-V robotics and access information; maritime domain awareness solutions; and strategic consulting services. Additionally, it offers offshore data collection, integration, analytics, and real time communication for various applications. The company serves public and private entities, and agencies that require remote offshore power. Ocean Power Technologies, Inc. was incorporated in 1984 and is headquartered in Monroe Township, New Jersey.

Ocean Power Technologies, Inc.

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 services through our wholly owned subsidiary Marine Advanced Robotics. We are headquartered in Monroe Township, New Jersey, and have offices in Houston, Texas, and Richmond, California. To learn more, visit www.OceanPowerTechnologies.com.

US Department of Energy

Australian Renewable Energy Agency

Happy World Hydrography Day from the OPT Team!

#hydrography #hydrographicsurvey #oceanography #maritimeindustry

🌬️ Happy #GlobalWindDay! 🌍💨

With offshore wind rapidly becoming a key player in renewable energy, OPT's autonomous solutions offer cost-effective support through every stage of site planning, development, and ensure safe operations. Let's harness the power of wind to create a sustainable future together! 🌱🌎 #RenewableEnergy  #OffshoreWind #sustainable #blueeconomy

🌊 Happy World Oceans Day! 🌊

Today, as we celebrate #WorldOceansDay , we are reminded of the crucial role they play in sustaining life, regulating climate, and providing us with endless opportunities. At OPT, we believe in the immense value and importance of our world's oceans and are dedicated to making a positive impact on the world’s oceans by providing intelligent #maritimesolutions  and services using renewable energy sources. Our mission is to enable safer, cleaner, and more productive ocean operations across various sectors.

#renewableenergy #maritime #oceans

As a proud SENEDIA member, the OPT Team enjoyed participating in their Annual Golf Tournament this week!

OPT Announces Strategic Consulting Services Division’s Collaboration with NETSCo for Bleutec's Offshore Wind Vessel Designs. Click the link below to read more 👇 :

#offshorewind #consulting #offshoreservices #renewableenergy #windenergy

OPT thanks all of the brave men and women who made the ultimate sacrifice to protect our great nation.

OPT is pleased to announce the addition of three new key additions to drive strategy and development in defense & security. The new hires include Joe "Digger" DiGuardo, Rear Admiral (Ret) Sr. Dir. US Gov. Strategy & Development in Commercial, Eric Musgrave of Sr. Business Development Manager, Department of Defense and Thomas Meurling Sr. Dir. International Defense & Security in Commercial. Click the link below to learn more about their professional and industry experience:

NASDAQ:OPTT

Ocean Power Technologies, Inc.

Last Close

0.41

26/07 20:00

Market Cap

23.30M

Beta: 1.92

Volume Today

11.75M

Avg: 136.19K

PE Ratio

−0.58

PFCF: −0.61

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