OPT vessels integrate with US command and control
During REPMUS 2026, OPT's WAM-V classes operated within U.S. command structures, emphasizing operational integration over standalone demonstrations.
Latest Ocean Power Technologies News & Updates
See the latest news and media coverage for OPT. We track all announcements, press releases, and industry mentions in real time, all in one place.
Autonomous maritime systems and renewable ocean energy provider
oceanpowertechnologies.com- Headquarters
- Monroe Township, United States
- Founded year
- 1994
- Company type
- Public company
- Number of employees
- 90–200
Last updated
Latest news about Ocean Power Technologies (OPT)
In short: OPT reported Q1 revenue growth and record backlog, appointed an acting CEO after Stratmann stepped down, and initiated a strategic review.
Company announcements
Ocean Power Technologies operates WAM-V vessels at REPMUS 2026 exercise
Three WAM-V classes supported five missions including surveillance and mine countermeasures for the U.S. Navy in Portugal, integrating with command systems.
OPT changes leadership to drive commercial execution and backlog conversion
Dr. Philipp Stratmann steps down as CEO. Tracy Pagliara becomes Acting CEO and President, while Jason Weed is appointed COO to oversee operations and sales.
OPT discloses a going concern qualification in its latest annual audit
The filing addresses audit findings for the fiscal year ending April 2026 and complies with NYSE American reporting requirements.
Media coverage
Ocean Power Technologies grows defense footprint as backlog rises in fiscal Q1
Ocean Power Technologies Inc (NYSE-A:OPTT) reported first-quarter fiscal 2027 revenue of $1.7...
Ocean Power Technologies Stratmann steps down as CEO; Pagliara named acting chief executive
Ocean Power Technologies Inc (NYSE-A:OPTT) said Wednesday that Dr. Philipp Stratmann has stepped...
Ocean Power Technologies (NYSE American: OPTT) lines up new stock-and-warrant deal amid going-concern warning
OPTT plans a best-efforts equity and warrant raise for working capital as auditors flag substantial doubt about its ability to continue as a going concern...
Intellectia
Uncertainty Disclaimer: While the ... and does not guarantee any agreements or transactions, highlighting the uncertainties and risks involved in the exploration process. ... Contract...
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