Welcome to our dedicated page for Ocean Power Tech news (Ticker: OPTT), a resource for investors and traders seeking the latest updates and insights on Ocean Power Tech stock.
Ocean Power Technologies, Inc. (OPTT) generates news around intelligent maritime systems, low-carbon marine power, and autonomous ocean operations. As a NYSE American-listed company focused on defense and security, offshore energy, and research markets, its announcements often highlight new contracts, technology deployments, and strategic partnerships that shape its role in maritime domain awareness and uncrewed systems.
Recent news has included a multi-buoy contract greater than $5 million to deploy MERROWS®-equipped PowerBuoy® systems in support of a U.S. Coast Guard mission under the U.S. Department of Homeland Security, providing persistent maritime domain awareness off the coast of San Diego, California. Other releases describe shipments of WAM-V® unmanned surface vehicles to partners in the United Arab Emirates, expansion of regional operations, and a Master Services Agreement with Unique Group for non-defense WAM-V® projects in the UAE.
Investors and industry followers can also find updates on partnerships such as the collaboration with Mythos AI to integrate AI-driven autonomy across WAM-V® ASVs and PowerBuoy® platforms, and the agreement with Gradient Marine to add digital twin and simulation capabilities via the Virtual Maritime Picture software. Financial news appears through quarterly earnings releases, backlog and pipeline disclosures, and conference call announcements, while corporate developments include certifications like AUVSI Trusted Uncrewed Maritime Systems Operator Training Provider status and participation in investor conferences.
This news page for OPTT aggregates these types of updates in one place, covering contracts, deployments, partnerships, financial results, certifications, and investor events. It offers a single view into how Ocean Power Technologies is applying its PowerBuoy®, WAM-V®, Merrows™, and related technologies across defense, offshore energy, and commercial maritime applications over time.
Ocean Power Technologies (NYSE American: OPTT) secured a contract on March 27, 2026 for a fully integrated WAM-V to a new Nordics-based underwater research customer, with assembly starting immediately and shipment planned upon completion.
The order supports OPTT's announced regional expansion in the Nordics and reflects continued demand across defense, surface inspection, and autonomous underwater survey sectors, per company comments.
Ocean Power Technologies (NYSE: OPTT) shipped the first PowerBuoy under a $6.5M U.S. Department of Homeland Security contract, marking the program's move from development to operational deployment.
The system will be deployed off the coast of California to provide persistent, autonomous offshore surveillance supporting U.S. Coast Guard maritime domain awareness; integration with Anduril is ongoing and deployment awaits final site preparations and operational readiness.
Ocean Power Technologies (NYSE: OPTT) reported fiscal 3Q26 results for the period ended January 31, 2026, highlighting a record backlog of $19.9 million and a strategic $6.5 million DHS contract to deliver four MERROWS-equipped PowerBuoy systems beginning in Q4 FY2026.
Revenues were for the quarter with widening net losses; cash and short-term investments totaled $7.2 million at period end.
Ocean Power Technologies (NYSE:OPTT) reported preliminary Q3 FY2026 results and strategic progress on March 11, 2026. Backlog was ~$19.9M (+165% YoY) and pipeline ~$163.9M (+84% vs Oct 31, 2025). OPT secured a ~$6.5M DHS multi-buoy contract with delivery beginning Q4 FY2026. Estimated Q3 revenue was $0.4–$0.6M vs $0.8M prior year; estimated net loss $11.3–$11.5M vs $6.7M; cash used in operations $20.0M vs $14.6M. A conference call is scheduled March 18, 2026 at 9:00 AM ET.
Ocean Power Technologies (NYSE American: OPTT) will release fiscal 2026 third quarter results for the period ended January 31, 2026 on March 17, 2026. A conference call and webcast to discuss results is scheduled for March 18, 2026 at 9:00 AM ET hosted by CEO Philipp Stratmann and CFO Bob Powers.
Call dial-ins, webcast and replay details, plus investor meeting scheduling instructions and contact information are provided for investors and analysts.
Ocean Power Technologies (NYSE American: OPTT) on March 2, 2026 emphasized the growing strategic role of its autonomous maritime systems amid heightened Middle East tensions.
The company confirmed regional partners and team members are safe, said operations and customer support continue without disruption, and highlighted demand for persistent offshore monitoring and infrastructure protection.
Ocean Power Technologies (NYSE American: OPTT) received an approximately $1.5 million Purchase Order from the United States Coast Guard on Feb. 24, 2026, to install and deploy previously ordered operational buoy systems.
The award completes the acquisition cycle, enables near-term fielding and expected near-term revenue as OPT performs deployment, commissioning, and operational activation supporting DHS maritime security missions.
Ocean Power Technologies (NYSE American: OPTT) provided an operational update on Feb 23, 2026 highlighting global deployments and infrastructure progress. OPT shipped a WAM-V autonomous surface vehicle to Greece, moved its integrated docking and charging program from prototype to full-scale build, and placed component orders ahead of open-water validation.
The company targets an early access commercial docking solution in 2026 and reports advances in autonomous navigation and control through its collaboration with Mythos AI to strengthen perception and decision-making for persistent offshore operations.
Ocean Power Technologies (NYSE:OPTT) won a multi-buoy contract greater than $5 million to deliver and operate four MERROWS®-equipped PowerBuoy® systems for a U.S. Department of Homeland Security mission supporting the U.S. Coast Guard near San Diego, CA.
The buoys will be delivered near term, integrate into DHS C5I, and feed buoy and Anduril tower sensors into Anduril’s Lattice command-and-control for unified maritime domain awareness, enhanced detection, and real-time decision support.
Ocean Power Technologies (NYSE:OPTT) reported fiscal 2Q26 results for the quarter ended October 31, 2025. Key operational highlights include backlog of $15.0 million (up $11.2M, ~300% YoY), a $137.5 million pipeline (up $53.1M, +63% YoY), and shipment of eight WAM-V autonomous surface vehicles during the quarter. OPT announced strategic partnerships with Mythos AI (AI autonomy) and Gradient Marine (digital-twin/simulation) and gained AUVSI Trusted Operator certification, with initial integrated demos planned in Q1 2026.
Financials: 2Q26 revenue was $0.4M (YTD $1.6M) versus $2.4M prior-year quarter, gross loss $1.4M, operating expenses $8.7M (driven by $2.5M higher stock-based comp), net loss $10.8M, and combined cash and short-term investments of $11.7M as of October 31, 2025.