Ocean Power Technologies Highlights Supply Chain Resilience Amid Global Uncertainty
Ocean Power Technologies (NYSE: OPTT) announced its operational resilience amid global supply chain challenges, highlighting its majority domestic supply chain as a strategic advantage. The company confirmed stable inventory levels and procurement practices, with no material impact on costs or customer delivery schedules.
CEO Philipp Stratmann emphasized OPT's fully U.S.-based workforce, which includes over 20% veterans, as a key differentiator enabling agility and competitiveness in both defense and commercial energy sectors. The company's supply chain strategy positions it to meet increasing demand for dual-use technologies serving defense and renewable energy applications while maintaining quality and security standards.
Ocean Power Technologies (NYSE: OPTT) ha annunciato la sua resilienza operativa nonostante le sfide globali della catena di approvvigionamento, evidenziando la sua catena di approvvigionamento prevalentemente domestica come un vantaggio strategico. L'azienda ha confermato livelli di inventario stabili e pratiche di approvvigionamento, senza impatti materiali sui costi o sui tempi di consegna ai clienti.
Il CEO Philipp Stratmann ha sottolineato come la forza lavoro completamente statunitense di OPT, che include oltre il 20% di veterani, rappresenti un differenziale chiave che consente agilità e competitività sia nei settori della difesa che dell'energia commerciale. La strategia della catena di approvvigionamento dell'azienda la posiziona per soddisfare la crescente domanda di tecnologie a doppio uso che servono le applicazioni per la difesa e le energie rinnovabili, mantenendo standard di qualità e sicurezza.
Ocean Power Technologies (NYSE: OPTT) anunció su resiliencia operativa en medio de los desafíos globales de la cadena de suministro, destacando su cadena de suministro mayoritariamente nacional como una ventaja estratégica. La empresa confirmó niveles de inventario estables y prácticas de adquisición, sin impacto material en los costos o en los plazos de entrega a los clientes.
El CEO Philipp Stratmann enfatizó que la fuerza laboral completamente estadounidense de OPT, que incluye más del 20% de veteranos, es un diferenciador clave que permite agilidad y competitividad tanto en los sectores de defensa como en el de energía comercial. La estrategia de la cadena de suministro de la empresa la posiciona para satisfacer la creciente demanda de tecnologías de doble uso que sirven a las aplicaciones de defensa y energía renovable, manteniendo estándares de calidad y seguridad.
오션 파워 테크놀로지스 (NYSE: OPTT)는 글로벌 공급망 문제에도 불구하고 운영의 회복력을 발표하며, 주로 국내 공급망을 전략적 이점으로 강조했습니다. 회사는 안정적인 재고 수준과 조달 관행을 확인했으며, 비용이나 고객 배송 일정에 대한 실질적인 영향은 없다고 밝혔습니다.
CEO 필립 스트랫만은 OPT의 완전 미국 기반 인력이 20% 이상의 재향군인을 포함하고 있으며, 방위 및 상업 에너지 분야에서의 민첩성과 경쟁력을 가능하게 하는 주요 차별화 요소라고 강조했습니다. 회사의 공급망 전략은 방위 및 재생 에너지 응용 프로그램을 위한 이중 용도 기술에 대한 증가하는 수요를 충족하도록 자리를 잡고 있으며, 품질 및 보안 기준을 유지하고 있습니다.
Ocean Power Technologies (NYSE: OPTT) a annoncé sa résilience opérationnelle face aux défis mondiaux de la chaîne d'approvisionnement, mettant en avant sa chaîne d'approvisionnement majoritairement nationale comme un avantage stratégique. L'entreprise a confirmé des niveaux de stock stables et des pratiques d'approvisionnement, sans impact matériel sur les coûts ou les délais de livraison aux clients.
Le PDG Philipp Stratmann a souligné que la main-d'œuvre entièrement basée aux États-Unis d'OPT, qui comprend plus de 20 % de vétérans, est un facteur différenciant clé qui permet agilité et compétitivité tant dans les secteurs de la défense que de l'énergie commerciale. La stratégie de la chaîne d'approvisionnement de l'entreprise la positionne pour répondre à la demande croissante de technologies à double usage servant les applications de défense et d'énergie renouvelable tout en maintenant des normes de qualité et de sécurité.
Ocean Power Technologies (NYSE: OPTT) hat seine operationale Resilienz angesichts globaler Herausforderungen in der Lieferkette bekannt gegeben und hebt seine überwiegend inländische Lieferkette als strategischen Vorteil hervor. Das Unternehmen bestätigte stabile Bestandsniveaus und Beschaffungspraktiken, ohne dass es zu wesentlichen Auswirkungen auf die Kosten oder die Lieferfristen für Kunden gekommen ist.
CEO Philipp Stratmann betonte, dass OPTs vollständig in den USA ansässige Belegschaft, die über 20% Veteranen umfasst, ein entscheidendes Unterscheidungsmerkmal ist, das Agilität und Wettbewerbsfähigkeit sowohl im Verteidigungs- als auch im kommerziellen Energiesektor ermöglicht. Die Lieferkettenstrategie des Unternehmens positioniert es, um der steigenden Nachfrage nach Dual-Use-Technologien gerecht zu werden, die sowohl der Verteidigung als auch der erneuerbaren Energie dienen, während Qualitäts- und Sicherheitsstandards eingehalten werden.
- Stable inventory levels with no material cost impacts
- Strong domestic supply chain mitigating global logistics challenges
- Increasing demand for dual-use technologies in defense and renewable energy
- On-schedule customer delivery performance
- None.
Majority Domestic Supply Chain Enables Operational Continuity and Competitive Advantage
MONROE TOWNSHIP, N.J., April 07, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or the "Company") (NYSE American: OPTT), a leader in innovative and sustainable ocean energy solutions, today announced that it remains fully operational and strategically positioned to navigate ongoing global supply chain challenges, thanks to its majority domestic supply chain and resilient workforce.
In light of recent global developments impacting international logistics and raw material availability, OPT confirms that its current inventory levels and procurement practices remain unaffected. The Company does not anticipate any material impact on inventory costs and continues to fulfill customer commitments on schedule.
“Our strong domestic supply chain is a key differentiator for OPT, particularly in times of global economic uncertainty,” said Philipp Stratmann, President and CEO of OPT. “We are proud to maintain a fully U.S.-based workforce, consisting of over
Demand for dual-use technologies that serve both defense and renewable energy applications is increasing in both domestic and international markets. OPT’s supply chain strategy and operational footprint are designed to meet this demand while maintaining high standards of quality, security, and delivery performance.
Stratmann added, “Our commitment to U.S. manufacturing and engineering excellence is central to our ability to support mission-critical applications for customers around the world.”
For additional information about OPT, please visit our website Ocean Power Technologies.
ABOUT OCEAN POWER TECHNOLOGIES
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, including Merrows™, which provides AI capable seamless integration of Maritime Domain Awareness Systems across platforms. 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. The Company’s headquarters is in Monroe Township, New Jersey, with an additional office in Richmond, California. To learn more about OPT’s groundbreaking products, services and solutions, visit www.OceanPowerTechnologies.com.
FORWARD-LOOKING STATEMENTS
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", "contemplate", "seek to", "future", "objective", "goal", "project", "should", "will pursue" and similar expressions or variations of such expressions. These forward-looking statements reflect the Company's current expectations about its future plans and performance. These forward-looking statements rely on a number of assumptions and estimates that could be inaccurate and subject to risks and uncertainties, including OPT’s continuing ability to successfully navigate the new macroeconomic environment of competing reciprocal worldwide tariffs and related product pricing and supply chain impacts, the delivery of customer services, the conversion of potential customers to contracts and the realization of the potential revenue thereunder. Actual results could vary materially from those anticipated or expressed in any forward-looking statement made by the Company. Please refer to the Company's most recent Forms 10-Q and 10-K and subsequent filings with the U.S. Securities and Exchange Commission for further discussion of these risks and uncertainties. The Company disclaims any obligation or intent to update the forward-looking statements in order to reflect events or circumstances after the date of this release.
Contact Information
Investors: 203-561-6945 or investorrelations@oceanpowertech.com
Media: 609-730-0400 x402 or MediaRelations@oceanpowertech.com
FAQ
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