Common Stock $0.001 Par Value
- Symbol
- OPTT
- Exchange
- NYSEAMER
- Classification
- COMMON
- Status
- Current
Current Report · Items 4.01, 8.01, 9.01 · 8-K
Ocean Power Technologies, Inc.
OPTTNYSE_AMERICANEQUITYCurrent
Changes in Registrant's Certifying Accountant · Other Events
Item 8.01 Other Events . On October 26, 2026, the Company issued a press release announcing execution of a letter of intent with Stratum Holdings for a proposed strategic collaboration to demonstrate offshore renewable-powered data center assets. A copy of the press release is filed as Exhibit 99.1 to this Report.
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
Registered securities in this filing
Ocean Power Technologies, Inc. · 8-K · Filed 2026-10-28
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
October 26, 2026, the Company issued a press release announcing execution of a letter of intent with Stratum Holdings for a proposed
strategic collaboration to demonstrate offshore renewable-powered data center assets. A copy of the press release is filed as Exhibit
99.1 to this Report.
Filed exhibits (1)
Exhibit 99.1 Ocean Power Technologies and Stratum Holdings Sign Letter of Intent for Proposed Strategic Collaboration to Demonstrate Offshore Renewable-Powered Data Center Assets Companies to combine OPT’s PowerBuoy® platforms and patent portfolio with Stratum’s GPU infrastructure to advance edge AI inference powered by wave, wind, and solar energy MONROE TOWNSHIP, N.J. and CELEBRATION, Fla. - October 26, 2026 - Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT”) and Stratum Holdings Corp. (NASDAQ: SRTM) (“Stratum”) today announced that they have entered into a non-binding letter of intent (the “LOI”) for a proposed strategic collaboration to demonstrate offshore data center assets powered by renewable wave, wind, and solar energy. The LOI contemplates that OPT and Stratum negotiate definitive agreements pursuant to which OPT would grant Stratum a limited, non-exclusive license to certain of its PowerBuoy® patents for use in the demonstration program and make available certain prototype PowerBuoy® assets currently on hand, and Stratum would make available certain GPU assets, including its latest generation NVIDIA B300 GPUs, and related integration expertise. Stratum wo…
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