Ocean Power Technologies, Inc.

Equities

OPTT

US6748705067

Renewable Energy Equipment & Services

Market Closed - Nyse Other stock markets 04:00:00 2024-05-28 pm EDT			5-day change	1st Jan Change
0.202 ^USD	+5.15%		+6.32%	-36.08%

May. 06	Ocean Power Technologies Successfully Demonstrates Advanced AI Solutions in the North Atlantic	CI
Apr. 30	Ocean Power Technologies, Inc. Receives Multi-Year NOAA ProTech Oceans IDIQ Contract	CI

Ocean Power Technologies Demonstrates Advanced Counter Unmanned Underwater Vehicle Capability

May 14, 2024 at 10:20 am EDT

(via NewsDirect)

Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to reveal the company's recent achievement in successfully demonstrating a Counter Unmanned Underwater Vehicle capability using its Wave Adaptive Modular Vessel. These demonstrations, conducted at prominent events like the Navy League’s Sea Air Space Exhibition and the Association for Uncrewed Vehicle Systems International’s Pacific Pivot Event, highlighted the effectiveness of detecting various underwater threats, including singular and swarming micro Autonomous Underwater Vehicles.

Stratmann emphasized the significance of these field demonstrations, noting that the results will also be presented at the International Mine Warfare Technology Symposium in San Diego. This demonstration underscores OPT's ability to offer a cost-effective commercial off-the-shelf solution with its Uncrewed Surface Vehicles, aligning with the mission objectives of the Department of Defense’s Replicator Initiative.

Contact Details

Proactive North America

+1 604-688-8158

NA-editorial@proactiveinvestors.com

Latest news about Ocean Power Technologies, Inc.

Ocean Power Technologies Successfully Demonstrates Advanced AI Solutions in the North Atlantic	May. 06	CI
Ocean Power Technologies, Inc. Receives Multi-Year NOAA ProTech Oceans IDIQ Contract	Apr. 30	CI
Ocean Power Technologies, Inc. Announces Management Changes	Apr. 26	CI
Paragon Technologies Provides Information to Shareholders of Ocean Power Technologies	Apr. 17	CI
Ocean Power Technologies Says Defense Contractor to Deploy Maritime Domain Awareness Solution	Apr. 16	MT
Ocean Power Technologies, Inc. Announces Teaming Agreement with Major International Defense Contractor to Deploy Maritime Domain Awareness Solutions	Apr. 16	CI
Paragon Technologies Files Complaint on Ocean Power Technologies Failed to Achieve a Legitimate Quorum at its Annual Shareholders Meeting	Apr. 12	CI
Ocean Power Technologies, Inc. Announces Merrows, A Consolidated Solution for Maritime Domain Awareness	Apr. 02	CI
Ocean Power Technologies, Inc. Secures $1.5 million in Purchase Orders for WAM-V USV's in Latin America	Mar. 26	CI
Transcript : Ocean Power Technologies, Inc., Q3 2024 Earnings Call, Mar 14, 2024	Mar. 14
Ocean Power Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended January 31, 2024	Mar. 13	CI
Declaration of Voting Results by Ocean Power Technologies, Inc	Mar. 01	CI
Paragon Technologies, Inc Provides Information to the Shareholders of Ocean Power Technologies, Inc	Feb. 27	CI
Paragon Technologies Asks Ocean Power to Provide Shareholder Transparency to Recent Announcements	Feb. 15	CI
Ocean Power Technologies Secures Orders Exceeding $1.25 Million for Fully Integrated WAM-V Unmanned Surface Vehicles	Feb. 12	CI
Ocean Power Technologies Provides Information to Shareholders	Feb. 12	CI
Paragon Technologies Issues Press Release relating to Ocean Power Technologies	Feb. 09	CI
Ocean Power Technologies Announces Further Adjournment of its Annual Meeting of Shareholders	Feb. 08	CI
Paragon Technologies, Inc Provides Information to Ocean Power Technologies, Inc Shareholders	Feb. 05	CI
Ocean Power Technologies, Inc Adjourns 2023 Annual Meeting of Shareholders	Feb. 02	CI
Ocean Power Technologies Provides Information to Shareholders	Feb. 01	CI
Ocean Power Technologies Announces Adjournment of 2023 Annual Meeting of Shareholders	Jan. 31	CI
Ocean Power Technologies Provides Information to Shareholders	Jan. 29	CI
Glass Lewis Supports Ocean Power Technologies	Jan. 26	CI
Paragon Technologies Issues a Press Release Relating to Ocean Power Technologies	Jan. 25	CI

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Company Profile

Ocean Power Technologies, Inc. provides ocean data collection and reporting, marine power, offshore communications and domain awareness services products, and integrated solutions. The Company focuses on three major service areas: Data as a Service (DaaS), which includes data collected by its Wave Adaptive Modular Vessel (WAM-V) autonomous vehicles or its PowerBuoy product lines; Robotics as a Service (RaaS), which provides a lower cost subscription model for its customers to access use of its WAM-Vs, and Power as a Service (PaaS), which includes its PowerBuoy and subsea battery products. The Company's solutions are primarily suited to ocean and other offshore environments, and support generation of actionable intelligence on a standalone basis. The Company offers its products and services to a wide range of customers, including those in government and offshore energy, oil and gas, construction, wind power and other industries.

Sector

Renewable Energy Equipment & Services

Calendar

2024-07-15 - Q4 2024 Earnings Release (Projected)

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