Ocean Power Technologies CEO Discusses Growing Demand for Monitoring Solutions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 27 2026
0mins
Source: Yahoo Finance
- Deployment Success: Ocean Power Technologies successfully replaced an aging cable endpoint at Rutgers University with its buoy system, allowing underwater sensors to be powered directly from the buoy, which provides a more cost-effective infrastructure alternative and significantly enhances data collection capabilities.
- Rapid Response Capability: The company demonstrated its ability to execute multiple deployments simultaneously by quickly addressing Rutgers' needs while also installing buoys for the Department of Homeland Security in California, thereby enhancing customer satisfaction and market competitiveness.
- Rising Market Demand: With the beach season and major sporting events approaching, there is a notable increase in demand for ocean monitoring and security solutions, and Ocean Power Technologies is leveraging local supply chains to provide efficient monitoring systems that support local economic development.
- Dual-Use Technology: The company's technology serves both homeland security and military applications while also supporting academic research and local economies, showcasing its broad application potential in diversified markets and driving business growth and revenue conversion.
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Analyst Views on OPTT
Wall Street analysts forecast OPTT stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 0.263
Low
1.50
Averages
1.50
High
1.50
Current: 0.263
Low
1.50
Averages
1.50
High
1.50
About OPTT
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, science and research, wind power, and other industries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Ocean Power Technologies CEO Discusses Growing Demand for Monitoring Solutions
- Deployment Success: Ocean Power Technologies successfully replaced an aging cable endpoint at Rutgers University with its buoy system, allowing underwater sensors to be powered directly from the buoy, which provides a more cost-effective infrastructure alternative and significantly enhances data collection capabilities.
- Rapid Response Capability: The company demonstrated its ability to execute multiple deployments simultaneously by quickly addressing Rutgers' needs while also installing buoys for the Department of Homeland Security in California, thereby enhancing customer satisfaction and market competitiveness.
- Rising Market Demand: With the beach season and major sporting events approaching, there is a notable increase in demand for ocean monitoring and security solutions, and Ocean Power Technologies is leveraging local supply chains to provide efficient monitoring systems that support local economic development.
- Dual-Use Technology: The company's technology serves both homeland security and military applications while also supporting academic research and local economies, showcasing its broad application potential in diversified markets and driving business growth and revenue conversion.
See More
Ocean Power Technologies Secures $10M in Direct Offering
- Financing Agreement: Ocean Power Technologies has entered into securities purchase agreements with institutional investors to sell 25 million shares of common stock along with warrants, aiming for gross proceeds of approximately $10 million, reflecting market confidence in the company's growth prospects.
- Warrant Details: The common warrants will be exercisable six months post-issuance at an exercise price of $0.40 per share, valid for six years, providing investors with long-term value potential while offering the company flexibility in future capital operations.
- Clear Use of Funds: The company intends to utilize the net proceeds from this offering for working capital and general corporate purposes, which will enhance liquidity and support daily operations and strategic initiatives.
- Transaction Timeline: The closing of the registered direct offering is expected around June 8, marking an active capital market strategy that further strengthens the company's competitive position in the industry.
See More
Ocean Power Technologies Expands International Defense Engagements
- International Defense Expansion: Ocean Power Technologies is actively engaging in international defense activities across Europe, particularly in Poland and Norway, focusing on maritime security and autonomous systems to enhance regional defense capabilities and address evolving security needs.
- Autonomous Systems Collaboration: The company has engaged with representatives from the Polish Naval Academy and key stakeholders in Poland's defense industrial base to discuss the role of autonomous, renewable-powered maritime systems in supporting regional defense and infrastructure protection, highlighting the importance of new technologies.
- Demonstrations and Collaboration: OPT is preparing for international demonstrations and exercises in Norway to showcase its WAM-V® unmanned surface vehicle platforms, aiming to collaborate with allied maritime organizations and enhance its operational capabilities in complex maritime environments.
- Long-term Growth Strategy: Company executives emphasize that international engagement is a crucial component of their long-term growth strategy, demonstrating how commercially available maritime technologies can meet a wide range of security and surveillance requirements through close collaboration with defense organizations and research institutions.
See More
Ocean Power Technologies Expands Global Deployment Footprint
- Domestic Deployment Increase: Ocean Power Technologies has expanded its PowerBuoy® deployments in the U.S. from a single research-focused system to five concurrent deployments, including three supporting the Department of Homeland Security, indicating a shift towards broader multi-agency use and enhancing its market competitiveness.
- International Market Expansion: The company has deployed three WAM-V® autonomous surface vehicles and one PowerBuoy® in the UAE, along with additional WAM-V deployments in Taiwan and other regions, reflecting growing international demand and further solidifying its global presence.
- Industry Engagement: OPT is showcasing its WAM-V platform at Special Operations Forces Week in Tampa, attracting attention from defense and advanced marine operations stakeholders, which enhances brand visibility and fosters potential collaboration opportunities.
- Rising Market Demand: The increase in concurrent deployments across multiple regions and customers reflects a growing demand for persistent offshore monitoring and autonomous maritime capabilities, underscoring the strategic significance of the company's low-carbon marine energy solutions.
See More
Ocean Power Technologies Secures New Contract
- New Contract Secured: Ocean Power Technologies has signed a contract with a Nordic underwater research customer for a fully integrated WAM-V, marking a significant expansion into the Nordic market and potentially increasing the company's market share in the region.
- Growing Market Demand: SVP Jason Weed highlighted that demand is converting into backlog across multiple sectors, particularly in defense, security, and autonomous underwater surveys, indicating the broad appeal of the company's products.
- Rapid Delivery Capability: The contract requires immediate delivery, showcasing the company's ability to respond quickly to customer needs, thereby reinforcing its competitive position in the marine technology sector.
- Global Business Expansion: Ocean Power Technologies plans to continue delivering systems to customers in the U.S., Latin America, the Middle East, and other allied nations, reflecting the company's strategic focus on global market opportunities and future growth potential.
See More
OCEAN POWER TECHNOLOGIES RECEIVES ORDER FOR COMPLETE WAM-V SYSTEM FROM UNDERWATER RESEARCH CLIENT IN THE NORDICS
Ocean Power Technologies: The company has secured an order for a fully integrated WAM-V (Wave Adaptive Modular Vessel) designed for underwater research.
Customer Base: This order is specifically for a customer located in the Nordics, indicating a focus on advanced marine research capabilities in that region.
See More
Ocean Power Technologies CEO Discusses Growing Demand for Monitoring Solutions
- Deployment Success: Ocean Power Technologies successfully replaced an aging cable endpoint at Rutgers University with its buoy system, allowing underwater sensors to be powered directly from the buoy, which provides a more cost-effective infrastructure alternative and significantly enhances data collection capabilities.
- Rapid Response Capability: The company demonstrated its ability to execute multiple deployments simultaneously by quickly addressing Rutgers' needs while also installing buoys for the Department of Homeland Security in California, thereby enhancing customer satisfaction and market competitiveness.
- Rising Market Demand: With the beach season and major sporting events approaching, there is a notable increase in demand for ocean monitoring and security solutions, and Ocean Power Technologies is leveraging local supply chains to provide efficient monitoring systems that support local economic development.
- Dual-Use Technology: The company's technology serves both homeland security and military applications while also supporting academic research and local economies, showcasing its broad application potential in diversified markets and driving business growth and revenue conversion.
See More
Ocean Power Technologies Secures $10M in Direct Offering
- Financing Agreement: Ocean Power Technologies has entered into securities purchase agreements with institutional investors to sell 25 million shares of common stock along with warrants, aiming for gross proceeds of approximately $10 million, reflecting market confidence in the company's growth prospects.
- Warrant Details: The common warrants will be exercisable six months post-issuance at an exercise price of $0.40 per share, valid for six years, providing investors with long-term value potential while offering the company flexibility in future capital operations.
- Clear Use of Funds: The company intends to utilize the net proceeds from this offering for working capital and general corporate purposes, which will enhance liquidity and support daily operations and strategic initiatives.
- Transaction Timeline: The closing of the registered direct offering is expected around June 8, marking an active capital market strategy that further strengthens the company's competitive position in the industry.
See More
Ocean Power Technologies Expands International Defense Engagements
- International Defense Expansion: Ocean Power Technologies is actively engaging in international defense activities across Europe, particularly in Poland and Norway, focusing on maritime security and autonomous systems to enhance regional defense capabilities and address evolving security needs.
- Autonomous Systems Collaboration: The company has engaged with representatives from the Polish Naval Academy and key stakeholders in Poland's defense industrial base to discuss the role of autonomous, renewable-powered maritime systems in supporting regional defense and infrastructure protection, highlighting the importance of new technologies.
- Demonstrations and Collaboration: OPT is preparing for international demonstrations and exercises in Norway to showcase its WAM-V® unmanned surface vehicle platforms, aiming to collaborate with allied maritime organizations and enhance its operational capabilities in complex maritime environments.
- Long-term Growth Strategy: Company executives emphasize that international engagement is a crucial component of their long-term growth strategy, demonstrating how commercially available maritime technologies can meet a wide range of security and surveillance requirements through close collaboration with defense organizations and research institutions.
See More
Ocean Power Technologies Expands Global Deployment Footprint
- Domestic Deployment Increase: Ocean Power Technologies has expanded its PowerBuoy® deployments in the U.S. from a single research-focused system to five concurrent deployments, including three supporting the Department of Homeland Security, indicating a shift towards broader multi-agency use and enhancing its market competitiveness.
- International Market Expansion: The company has deployed three WAM-V® autonomous surface vehicles and one PowerBuoy® in the UAE, along with additional WAM-V deployments in Taiwan and other regions, reflecting growing international demand and further solidifying its global presence.
- Industry Engagement: OPT is showcasing its WAM-V platform at Special Operations Forces Week in Tampa, attracting attention from defense and advanced marine operations stakeholders, which enhances brand visibility and fosters potential collaboration opportunities.
- Rising Market Demand: The increase in concurrent deployments across multiple regions and customers reflects a growing demand for persistent offshore monitoring and autonomous maritime capabilities, underscoring the strategic significance of the company's low-carbon marine energy solutions.
See More
Ocean Power Technologies Secures New Contract
- New Contract Secured: Ocean Power Technologies has signed a contract with a Nordic underwater research customer for a fully integrated WAM-V, marking a significant expansion into the Nordic market and potentially increasing the company's market share in the region.
- Growing Market Demand: SVP Jason Weed highlighted that demand is converting into backlog across multiple sectors, particularly in defense, security, and autonomous underwater surveys, indicating the broad appeal of the company's products.
- Rapid Delivery Capability: The contract requires immediate delivery, showcasing the company's ability to respond quickly to customer needs, thereby reinforcing its competitive position in the marine technology sector.
- Global Business Expansion: Ocean Power Technologies plans to continue delivering systems to customers in the U.S., Latin America, the Middle East, and other allied nations, reflecting the company's strategic focus on global market opportunities and future growth potential.
See More
OCEAN POWER TECHNOLOGIES RECEIVES ORDER FOR COMPLETE WAM-V SYSTEM FROM UNDERWATER RESEARCH CLIENT IN THE NORDICS
Ocean Power Technologies: The company has secured an order for a fully integrated WAM-V (Wave Adaptive Modular Vessel) designed for underwater research.
Customer Base: This order is specifically for a customer located in the Nordics, indicating a focus on advanced marine research capabilities in that region.
See More
