Common Stock, $0.001 Par Value
- Symbol
- OPTT
- Exchange
- NYSEAMER
- Classification
- COMMON
- Status
- Current
Current Report · Items 8.01, 9.01 · 8-K
Ocean Power Technologies, Inc.
OPTTNYSE_AMERICANEQUITYCurrent
Other Events
Item 8.01 Other Events. On August 5, 2026, Ocean Power Technologies, Inc. (the “Company”) issued a press release announcing its selection as a potential awardee under a contract supporting the Naval Oceanographic Office. A copy of the press release is attached hereto as Exhibit 99.1 and is hereby incorporated by reference.
Company context
We are a Maritime Domain Awareness (MDA) company specializing in innovative intelligent maritime solutions. These solutions include a variety of “as a service” systems, including Data as a Service (DaaS), Robotics as a Service (RaaS), and Power as a Service (PaaS). These systems consist of a variety of platforms including the PowerBuoy®, our persistent sensor and power solution, the WAM-V® (Wave Adaptive Modular Vessel), our autonomous unmanned surface vehicle, and Merrows™, our user interface and command and control (C2) system that integrates multiple sensor feeds using software and hardware and enables artificial intelligence and machine learning (AI/ML) integration. We design, manufacture, deploy, and operate these systems for defense, security, subsea infrastructure, offshore oil and gas, offshore energy, marine research, and communication markets. We operate primarily through a combination of direct sales and leases, strategic partnerships, and long-term service agreements. Our business model emphasizes capital-light deployments, recurring revenue from service and maintenance contracts, and high-margin technology sales and leases.
Current securities
Recent company filings
- S-1/A filingNov 5, 2026
- Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · Unregistered Sales of Equity SecuritiesNov 3, 2026
- DEF 14A filingOct 29, 2026
- S-1/A filingOct 29, 2026
- Changes in Registrant's Certifying Accountant · Other EventsOct 28, 2026
Registered securities in this filing
Ocean Power Technologies, Inc. · 8-K · Filed 2026-08-05
Series A Preferred Stock Purchase Rights
- Symbol
- N/A
- Exchange
- NYSEAMER
- Classification
- RIGHT
Disclosure sections
Item 8.01Item 8.01 - Other Events
Item
8.01 Other Events.
On
August 5, 2026, Ocean Power Technologies, Inc. (the “Company”) issued a press release announcing its selection as a potential
awardee under a contract supporting the Naval Oceanographic Office. A copy of the press release is attached hereto as Exhibit 99.1 and
is hereby incorporated by reference.
Filed exhibits (1)
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Ocean Power Technologies Selected for Participation in $40 Million U.S. Navy Project for Autonomous Ocean Mapping MONROE TOWNSHIP, N.J., Aug. 5, 2026 - Ocean Power Technologies, Inc. (“OPT” or the “Company”) (NYSE American: OPTT), a leader in maritime operational infrastructure and autonomous ocean systems, today announced that it has been selected as one of six potential awardees under a $40 million multiple-award, indefinite-delivery/indefinite-quantity (“IDIQ”) contract supporting the Naval Oceanographic Office (“NAVOCEANO”). The firm-fixed-price contract will support high-resolution ocean-floor mapping services using long-endurance unmanned surface vehicles. Work will be performed across the Indian and Pacific Ocean basins based on NAVOCEANO mission requirements. The contract has a two-year ordering period anticipated to begin in August 2026 and continue through July 2028. Under the multiple-award structure, individual task-orders will be competed among the contract holders. The $40 million represents the aggregate contract ceiling across all awardees. “We believe this award is a strong validation of the work we have undertaken…
Open exhibit ↗