MONROE TOWNSHIP, N.J., June 04, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE:OPTT) ("OPT" or the "Company"), a leader in innovative, cost-effective, low-carbon and artificial intelligence maritime services that enable safer and more productive ocean operations and related power, data, and service solutions, today announced the hiring of Jason Weed as Senior Vice President – Commercial Sales. Mr. Weed is a strategic leader and retired U.S. Navy Captain with over 15 years of executive-level experience driving innovation and growth in maritime and technology-focused organizations, including most recently as Senior Business Developer and Capture Manager at Leidos' Maritime Sy

MONROE TOWNSHIP, N.J., May 27, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE:OPTT) ("OPT" or the "Company"), a leader in innovative, cost-effective, low-carbon and artificial intelligence maritime services that enable safer and more productive ocean operations and related power, data, and service solutions, today announced its recognition as one of the initial certified operators under the Association for Uncrewed Vehicle Systems International (AUVSI) Trusted UMS Operator Program. The program, launched by AUVSI in collaboration with leading industry stakeholders, is designed to establish a high standard for training, proficiency, and safety in the operation of uncrewed mar

MONROE TOWNSHIP, N.J., May 22, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE:OPTT) ("OPT" or the "Company"), a leader in innovative, cost-effective, low-carbon and artificial intelligence maritime services that enable safer and more productive ocean operations and related power, data, and service solutions, today announced that it has completed its first WAM-V® 22 sea trials for a customer with substantial operations in Sub Saharan Africa. The sea trials were carried out at OPT's newly permitted test site in Southern New Jersey following site visits and operational reviews by the US Coast Guard. Philipp Stratmann, CEO of the Company, commented, "This is a great step ahead

MONROE TOWNSHIP, N.J., May 05, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that as part of the Company's ongoing commitment to connecting with the investor community, it will participate in a fireside chat on Tuesday May 6, 2025, at 11 a.m. ET. Dr. Philipp Stratmann, President and Chief Executive Officer for OPT, will discuss recent performance and progress and future prospects regarding the OPT business. Please note there will be no question-and-answer session. To register for this event, click the following link: Register Now

MONROE TOWNSHIP, N.J., May 05, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE:OPTT) ("OPT" or the "Company"), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it has been awarded a contract for multiple WAM-V®s for delivery to certain Allied Forces. The contract includes delivery of vehicles, integrated sensors, and operators as a contractor-owned contractor-operated (COCO) delivery in late Spring 2025. Due to the sensitive nature of this relationship, terms have not been disclosed. This award builds on the recent commercial success of OPT's vehicles and PowerBuoy®s for autonomous Maritime Domain Awareness,

MONROE TOWNSHIP, N.J., May 01, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE:OPTT) ("OPT" or the "Company"), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it has shipped a Merrows™ capable PowerBuoy® to demonstrate the survivability and suitability of the system for certain defense and security applications, including surface and subsea monitoring. This follows OPT's execution of a teaming agreement with a major international defense contractor last year to provide its Merrows™ suite of solutions with a focus on certain geographic regions. Mr. Philipp Stratmann, CEO and President of Ocean Power Technolog

MONROE TOWNSHIP, N.J., April 30, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE:OPTT) ("OPT" or the "Company"), a leader in innovative, cost-effective, low-carbon and artificial intelligence maritime services that enable safer and more productive ocean operations and related power, data, and service solutions, today announced the shipment of a WAM-V® 22' with autonomous capabilities designed to provide offshore surveys with 24/7 operational payloads for multiple days without requiring a return to base. This WAM-V® recently completed a successful demonstration, conducting a three day fully remote, continuous survey operation, while deploying a simulated survey payload.

MONROE TOWNSHIP, N.J., April 14, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE:OPTT) ("OPT" or the "Company"), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it has secured a contract from a new international government customer for a fully integrated WAM-V for near term delivery. This contract further increases the value delivered from the Company's previously announced expansion into certain regions, working with end customers and resellers. The vehicle will be assembled immediately and shipped to the customer. Training and services will be provided in-country. Philipp Stratmann, CEO and President of OPT, e

MONROE TOWNSHIP, N.J., April 11, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE:OPTT) ("OPT" or the "Company"), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced the signing of a reseller agreement with Elektron SAS ("Elektron"), a Cartegena, Colombia based specialist in hydrographic and oceanographic instrumentation services. This partnership significantly expands OPT's commercial footprint across Latin America, leveraging Elektron's strong regional presence and deep relationships. Under the agreement, Elektron will offer sales, integration, and support services and includes a $4 million purchase commitment for

MONROE TOWNSHIP, N.J., April 10, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE:OPTT) ("OPT" or the "Company"), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced the signing of a reseller agreement with Grava Hydrographic Solutions LLC ("Grava Hydro"), a U.S.-based specialist in hydrographic and oceanographic equipment integration and services. Under the agreement, Grava Hydro will expand the availability, sales, and support of OPT's Unmanned Surface Vehicles (USVs), the Wave Adaptive Modular Vessels (WAM-V®), throughout the United States. Philipp Stratmann, CEO of Ocean Power Technologies, commented:"Pa