Ocean Power Techs (AMEX:OPTT) Stock

Ocean Power Techs

Ocean Power Technologies

Ocean Power Technologies Inc provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets. It provides ocean data collection and reporting, marine power, offshore communications, and Maritime Domain Awareness System (MDAS) products, integrated solutions, and consulting services. 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. The company has operations in North and South America, Europe, Asia and Australia.

Ocean Power Technologies, Inc. Common Stock

Ocean Power Technologies Inc

<h3>Gainers</h3>
<ul>
<li>Fusion Fuel Green (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTOO#NASDAQ">HTOO</a>) shares rose 34.0% to $6.34 during Friday's regular session. The company's market cap stands at $3.9 million. </li>
<li>Comfort Systems USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIX#NYSE">FIX</a>) stock moved upwards by 20.85% to $680.22. The company's market cap stands at $19.8 billion. The company's, Q2 earnings came out yesterday. </li>
<li>Freightos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRGO#NASDAQ">CRGO</a>) shares rose 17.64% to $3.0. The company's market cap stands at $127.6 million. </li>
<li>Rich Sparkle Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANPA#NASDAQ">ANPA</a>) stock rose 14.65% to $28.64. The market value of their outstanding shares is at $312.2 million. </li>
<li>WANG &amp; LEE Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WLGS#NASDAQ">WLGS</a>) shares increased by 14.41% to $0.1. The company's market cap stands at $2.7 million. </li>
<li>Simpple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPPL#NASDAQ">SPPL</a>) shares rose 12.09% to $3.52. The market value of their outstanding shares is at $11.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Erayak Power Solution Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAYA#NASDAQ">RAYA</a>) stock fell 39.5% to $0.13 during Friday's regular session. The market value of their outstanding shares is at $9.3 million. </li>
<li>OceanPal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OP#NASDAQ">OP</a>) stock declined by 38.78% to $0.19. The market value of their outstanding shares is at $2.3 million. </li>
<li>Air T (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRT#NASDAQ">AIRT</a>) shares decreased by 30.46% to $16.9. The market value of their outstanding shares is at $65.6 million. </li>
<li>Phoenix Asia Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHOE#NASDAQ">PHOE</a>) shares fell 15.78% to $9.04. The company's market cap stands at $231.8 million. </li>
<li>Ocean Power Techs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#AMEX">OPTT</a>) shares fell 15.36% to $0.64. The company's market cap stands at $130.3 million. The company's, Q4 earnings came out yesterday. </li>
<li>HUHUTECH International Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUHU#NASDAQ">HUHU</a>) shares declined by 14.98% to $6.02. The market value of their outstanding shares is at $149.9 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Friday's Intraday Session

WIIM

Ocean Power Technologies shares are trading lower after the company reported a year-over-year decrease in Q4 sales results.

<h3>Gainers</h3>
<ul>
<li>Fusion Fuel Green (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTOO#NASDAQ">HTOO</a>) shares rose 32.6% to $6.27 during Friday's pre-market session. The market value of their outstanding shares is at $3.9 million. </li>
<li>WANG &amp; LEE Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WLGS#NASDAQ">WLGS</a>) shares moved upwards by 22.49% to $0.11. The market value of their outstanding shares is at $2.7 million. </li>
<li>Comfort Systems USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIX#NYSE">FIX</a>) stock increased by 14.42% to $644.0. The market value of their outstanding shares is at $19.8 billion. As per the press release, Q2 earnings came out yesterday. </li>
<li>Saia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>) stock moved upwards by 12.89% to $352.0. The company's market cap stands at $8.3 billion. The company's, Q2 earnings came out today. </li>
<li>Primech Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PMEC#NASDAQ">PMEC</a>) stock moved upwards by 12.66% to $1.69. The market value of their outstanding shares is at $57.6 million. </li>
<li>LanzaTech Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNZA#NASDAQ">LNZA</a>) stock rose 9.52% to $0.62. The market value of their outstanding shares is at $132.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>OceanPal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OP#NASDAQ">OP</a>) stock declined by 43.5% to $0.17 during Friday's pre-market session. The market value of their outstanding shares is at $2.3 million. </li>
<li>Ocean Power Techs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#AMEX">OPTT</a>) stock fell 12.54% to $0.66. The market value of their outstanding shares is at $130.3 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Baiya International Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIYA#NASDAQ">BIYA</a>) stock fell 6.6% to $0.78. The market value of their outstanding shares is at $10.4 million. </li>
<li>FBS Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FBGL#NASDAQ">FBGL</a>) shares declined by 6.18% to $0.66. The company's market cap stands at $9.4 million. </li>
<li>Hyperscale Data (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GPUS#AMEX">GPUS</a>) stock fell 4.73% to $0.83. The market value of their outstanding shares is at $16.9 million. </li>
<li>NuScale Power (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) shares decreased by 4.1% to $48.94. The company's market cap stands at $6.8 billion. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Friday's Pre-Market Session

Shares of Deckers Outdoor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) rose sharply in pre-market trading following <a href="https://www.benzinga.com/quote/DECK/earnings">better-than-expected first-quarter financial results.</a>
Deckers Outdoor reported quarterly earnings of 93 cents per share, which beat the analyst consensus estimate of 72 cents. Quarterly revenue came in at $964.5 million, which beat the Street estimate of $902.08 million and is up from revenue of $825.35 million from the same period last year.
Deckers Outdoor jumped 11.6% to $117.12 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul class="wp-block-list">
<li>Linkhome Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LHAI#NASDAQ">LHAI</a>) shares gained 51% to $8.50 in pre-market trading following the company's recent announcement of an upsized initial public offering of $6 million. Consisting of 1,500,000 shares of common stock, the offering was priced at $4 per share.  Before deducting underwriting discounts and offering expenses, the total gross proceeds resulted in $6 million.</li>
<li>Eightco Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCTO#NASDAQ">OCTO</a>) rose 38.4% to $1.98 in pre-market trading after declining 7% on Thursday.</li>
<li>AEye, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIDR#NASDAQ">LIDR</a>) shares jumped 33.5% to $3.90 in pre-market trading. AEye shares jumped 158% on Thursday after the company announced its Apollo lidar has been integrated by NVIDIA into the DRIVE AGX platform.</li>
<li>Garden Stage Limited  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSIW#NASDAQ">GSIW</a>) climbed 32.1% to $0.1440 in pre-market trading following the company's recent declaration of entering into a definitive agreement with several investors.</li>
<li>NextCure, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXTC#NASDAQ">NXTC</a>) gained 26.6% to $6.44 in pre-market trading after the company presented new preclinical data for NC605.</li>
<li>Coursera, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COUR#NYSE">COUR</a>) surged 22.5% to $11.13 in pre-market trading after the company reported better-than-expected second-quarter financial results and raised its FY25 sales guidance above estimates.</li>
<li>Wellchange Holdings Company Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WCT#NASDAQ">WCT</a>) surged 21.8% to $0.2513 in pre-market trading.</li>
<li>Mixed Martial Arts Group Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMA#NYSE">MMA</a>) gained 15.7% to $1.25 in pre-market trading.</li>
<li>Comfort Systems USA, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIX#NYSE">FIX</a>) rose 13.6% to $642.50 in pre-market trading after the company reported better-than-expected second-quarter financial results and raised its quarterly dividend from $0.45 to $0.50 per share.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul class="wp-block-list">
<li>Incannex Healthcare Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IXHL#NASDAQ">IXHL</a>) dipped 42.1% to $0.9450 in pre-market trading after jumping 61% on Thursday.</li>
<li>OceanPal Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OP#NASDAQ">OP</a>) dipped 36.9% to $0.1912 in pre-market trading after tumbling 27% on Thursday.</li>
<li>Youxin Technology Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YAAS#NASDAQ">YAAS</a>) declined 19% to $0.4702 in pre-market trading after gaining 38% on Thursday.</li>
<li>Absci Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABSI#NASDAQ">ABSI</a>) declined 13.7% to $3.03 in pre-market trading after the company announced the pricing of public offering of common stock.</li>
<li>Ten-League International Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLIH#NASDAQ">TLIH</a>) fell 13.3% to $1.39 in pre-market trading after dipping over 75% on Thursday.</li>
<li>Ocean Power Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#NYSE">OPTT</a>) fell 12.2% to $0.6626 in pre-market trading after reporting fourth-quarter results.</li>
<li>Mercurity Fintech Holding Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MFH#NASDAQ">MFH</a>) shares tumbled 12% to $2.70 in pre-market trading after gaining 53% on Thursday.</li>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) fell 9.2% to $54.56 in pre-market trading after the company announced a $500 million private offering of convertible senior notes.</li>
<li>Synovus Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNV#NYSE">SNV</a>) fell 8.3% to $51.88 in pre-market trading. Pinnacle and Synovus announced an $8.6 billion all-stock merger.</li>
<li>Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) shares fell 5.9% to $21.30 in pre-market trading. Intel reported a loss for the second quarter, while sales topped estimates. Intel expects third-quarter revenue to be in the range of $12.6 billion to $13.6 billion, versus estimates of $12.63 billion. The company anticipates a third-quarter loss of 24 cents per share versus estimates for a loss of 18 cents per share. Intel CEO Lip-Bu Tan shared a memo with employees saying that the company will reduce its workforce to 75,000 employees by the end of the year through layoffs and attrition.</li>
</ul>
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<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/07/46599936/top-2-tech-stocks-you-may-want-to-dump-this-quarter">Top 2 Tech Stocks You May Want To Dump This Quarter</a></li>
</ul>
Photo via Shutterstock

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Why Deckers Outdoor Shares Are Trading Higher By 12%; Here Are 20 Stocks Moving Premarket

Ocean Power Techs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#AMEX">OPTT</a>) reported quarterly losses of $(0.04) per share. This is a 66.67 percent increase over losses of $(0.12) per share from the same period last year. The company reported $1.316 million in sales this quarter. This is a 16.28 percent decrease over sales of $1.572 million the same period last year.

Earnings

Ocean Power Techs Q4 EPS $(0.04) Up From $(0.12) YoY, Sales $1.316M Down From $1.572M YoY

General

Ocean Power Technologies Signs New Reseller Agreement With A Latin America-Based Partner Focused On Supporting The Mexican Offshore And Maritime Markets; The Agreement Also Includes A $3M Purchase Commitment For OPT's WAM-V Unmanned Surface Vehicles

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Earnings Scheduled For July 24, 2025

Ocean Power Technologies, Inc. (NYSE:<a href="https://www.benzinga.com/stock/OPTT#NYSE">OPTT</a>) ("OPT" or the "Company"), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it has achieved ISO 9001 certification for its quality management system.
ISO 9001 is the world's most recognized quality management standard, awarded to organizations that consistently provide products and services that meet customer and regulatory requirements. This milestone affirms OPT's commitment to excellence in engineering, manufacturing, and service delivery across its product portfolio, including the PowerBuoy&#xAE;, WAM-V&#xAE; Unmanned Surface Vehicles, and its Merrows&#x2122; Maritime Domain Awareness Solution.

Ocean Power Technologies Achieves ISO 9001 Certification, Underscoring Commitment To Quality In Marine Power And Data Solutions

Ocean Power Technologies, Inc. (OPT or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#NYSE">OPTT</a>), a leader in innovative and sustainable marine energy and data solutions, today announced that the United States Patent and Trademark Office (USPTO) has issued a Notice of Allowance for its U.S. patent application titled "System and Method for Vehicle Charging."
The newly allowed patent (Application No. 18/936,528) protects OPT's breakthrough system for an autonomous, floating marine charging solution. Designed to address the increasing demand for clean maritime operations, the invention enables electric vessels—including uncrewed surface vehicles—to safely locate, dock with, and recharge from a floating energy platform while at sea.

Ocean Power Technologies Secures U.S. Patent For "System And Method For Vehicle Charging"

Ocean Power Technologies shares are trading higher after the company announced it was awarded a contract to provide unmanned surface vehicles to a defense customer.

Contracts

Ocean Power Technologies Awarded Contract To Provide Unmanned Surface Vehicles To A Defense Customer, Terms Not Disclosed

Ocean Power Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#NYSE">OPTT</a>) ("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&#xAE; 22' with autonomous capabilities designed to provide offshore surveys with 24/7 operational payloads for multiple days without requiring a return to base.

Ocean Power Technologies Ships Autonomous WAM-V 22 For Multi-Day Offshore Surveys

Ocean Power Technologies, Inc. (NYSE:<a href="https://www.benzinga.com/stock/OPTT#NYSE">OPTT</a>) ("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, expressed his enthusiasm about this contract, stating, "Securing this contract is testament to demand for our systems in the market. Recent efforts in Latin America and the Middle East are continuing to drive interest in our systems. We continue to convert pipeline to backlog and deliver further growth. We look forward to future deliveries and additional opportunities to deploy our assets to our customer base here in the United States and to our partners in Latin America, the Middle East, and other allied nations."

Ocean Power Technologies Secures A Contract From A New International Government Customer For A Fully Integrated WAM-V For Near Term Delivery

Shares of renewable energy company Ocean Power Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#NYSE">OPTT</a>) are <a href="https://www.benzinga.com/movers">trading higher in on Friday </a>after the company entered into a strategic distribution partnership with Elektron SAS, a Colombia-based expert in hydrographic and oceanographic systems. 
The deal <a href="https://www.benzinga.com/pressreleases/25/04/g44759413/ocean-power-technologies-signs-strategic-reseller-agreement-with-elektron-sas">includes a $4 million purchase agreement</a> for OPT's maritime technologies and will help the company gain a stronger foothold in Latin America.
Ocean Power&#8217;s technologies include WAM-V Unmanned Surface Vehicles, Next Generation PowerBuoy and the Merrows artificial intelligence platform.
&#8220;This agreement represents another key step forward in continuing to scale OPT&#8217;s global reseller network and unlocking additional high-growth markets,&#8221; said CEO Philipp Stratmann.
&#8220;Elektron&#8217;s expertise and trusted position in the region provide a strong channel to deploy our intelligent maritime solutions for our customers across the energy and security industries. This builds on our existing momentum in Latin America and advances our broader goal of global expansion through strategic partnerships.&#8221;
Also Read: <a href="https://www.benzinga.com/news/25/04/44738237/oreo-maker-mondelez-commits-76-million-to-swiss-toblerone-factory">Oreo Maker Mondelez Commits $76 Million To Swiss Toblerone Factory</a>
The company aims to broaden its global reach and capitalize on regional growth opportunities through Elektron's established local presence and client network. 
Under the reseller agreement, Elektron will provide sales, integration, and technical support services for Ocean Power&#8217;s full product line.
Ocean Power Technologies offers advanced maritime solutions that support safer and more sustainable ocean operations in sectors such as defense, energy, research, and offshore wind.
The company expects <a href="https://www.benzinga.com/24/12/42294282/ocean-power-technologies-sees-strong-q2-revenue-growth-but-shares-drop-amid-losses-and-cash-burn-reduction">second-quarter revenue to surpass $2 million</a>, more than doubling from $0.9 million in the prior year.
Price Action: OPTT shares traded higher by 10.38% at $0.44 in premarket at last check Friday. 
Read Next: <a href="https://www.benzinga.com/analyst-ratings/price-target/25/04/44752669/walmarts-resilience-shines-with-broad-ebit-forecast-and-strong-growth-engines-analyst-says">Walmart&#8217;s Resilience Shines With Broad EBIT Forecast And Strong Growth Engines, Analyst Says</a>
Photo: Shutterstock

Why Is Renewable Energy Provider Ocean Power Technologies Stock Rising Today?

Ocean Power Technologies shares are trading higher after the company announced it has signed a reseller agreement with Elektron.

MONROE TOWNSHIP, N.J., April 11, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#NYSE">OPTT</a>) ("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 OPT's full suite of intelligent maritime technologies, including the WAM-V&#xAE; Unmanned Surface Vehicles (USVs), the Next Generation PowerBuoy&#xAE;, and the AI-powered Merrows&#x2122; platform.

Ocean Power Technologies Signs Reseller Agreement With Elektron; Deal Includes $4M Purchase Commitment For OPT's Full Suite Of Intelligent Maritime Technologies

Ocean Power Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#NYSE">OPTT</a>) ("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&#xAE;), throughout the United States.

Ocean Power Technologies Signs Reseller Agreement With Grava Hydrographic Solutions To Expand U.S. Sales And Support Of Its Wave Adaptive Modular Vessels Unmanned Surface Vehicles

Ocean Power Technologies, Inc. ("OPT" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#NYSE">OPTT</a>), a leader in innovative and sustainable ocean energy solutions, today announced that it remains fully operational and strategically positioned to navigate ongoing global supply chain challenges, thanks to its majority domestic supply chain and resilient workforce.
In light of recent global developments impacting international logistics and raw material availability, OPT confirms that its current inventory levels and procurement practices remain unaffected. The Company does not anticipate any material impact on inventory costs and continues to fulfill customer commitments on schedule.

Ocean Power Technologies Announces It Remains Fully Operational And Strategically Positioned To Navigate Ongoing Global Supply Chain Challenges

Ocean Power Technologies, Inc. ("OPT" or "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#NYSE">OPTT</a>), a leader in innovative maritime solutions, today announced the sale of a Wave Adaptive Modular Vessel (WAM-V&#xAE;) to a new customer in Latin America, for an onshore mining industry application, marking a significant expansion into a new industry.
This latest sale underscores OPT's commitment to delivering cutting-edge autonomous surface vessel (ASV) technology to industries beyond its traditional markets. The customer, whose identity remains undisclosed for confidentiality reasons, operates in the mining sector and will utilize the WAM-V&#xAE; for bathymetry surveys related to the mining industry. This application demonstrates the WAM-V&#xAE; adaptability to evolving needs both offshore and onshore.
"This sale represents a major milestone for OPT as we continue to expand the applications of our WAM-V&#xAE; technology across new industries and geographies," said Philipp Stratmann, CEO at Ocean Power Technologies. "The flexibility and reliability of the WAM-V&#xAE; platform makes it an ideal solution for a broad range of missions and industries. We are excited to support our new Latin American partner with state-of-the-art autonomous technology tailored to their operational needs. Whether you are operating onshore or offshore, as long as there is a need for a floating system, OPT is ready to support your projects."
The WAM-V&#xAE; is renowned for its stability, lightweight design, and modular architecture, allowing for quick adaptation to a variety of mission requirements. Its ability to launch from almost anywhere and operate in a range of sea conditions with minimal environmental impact makes it an attractive choice for industries seeking cost-effective and efficient ASV solutions.

Ocean Power Technologies Announces The Sale Of A Wave Adaptive Modular Vessel To A New Customer In Latin America, For An Onshore Mining Industry Application, Marking Expansion Into A New Market

Ocean Power Technologies, Inc. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#AMEX">OPTT</a>) shares are moving higher on Monday after the company announced it was awarded a contract for the deployment of <a href="https://www.benzinga.com//node/44456046">its AI-integrated Powerbuoy.</a>
What To Know: The contract includes the deployment of a Powerbuoy off the U.S. East Coast and enables future integration of surface and subsea sensors. Further details remain confidential due to the deal&#8217;s nature.
Philipp Stratmann, CEO and President of Ocean Power, said, &#8220;In addition to the material growth of our WAM-V&nbsp;business, we are excited to continue growing our PowerBuoy&nbsp;business. We believe that providing persistent and resident monitoring offers a lot of opportunities for our solutions in research and security applications. Offering proven technology solutions makes it easy for our potential customers to integrate additional WAM-Vs and PowerBuoys into their operations.&#8221;
See Also: <a href="https://www.benzinga.com/25/03/44462004/rokus-expansion-and-integration-strategies-boost-growth-outlook-says-analyst">Roku Has &#8216;War Time&#8217; CEO? Analyst Says Yes And Sees More New Positives For The Company</a>
OPTT Price Action: At the time of publication, Ocean Power stock is trading 3.30% higher at 54 cents, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: This illustration was generated using artificial intelligence via Midjourney.

What's Going On With Ocean Power Technologies Shares Monday?

Press Releases

Ocean Power Technologies to Participate in a Fireside Chat on Tuesday, May 6, 2025

Ocean Power Technologies Completes First Sea Trial for WAM-V®s at US Coast Guard Approved Test Site in New Jersey

Ocean Power Technologies Earns "Trusted Operator" Status in New AUVSI Maritime Certification Program

Management

Ocean Power Technologies Announces Hiring of Jason Weed as Senior Vice President – Commercial Sales

Legal

Ocean Power Technologies Awarded Patent for System and Method for Vehicle Charging

Ocean Power Technologies Installs AI Capable Merrows™ PowerBuoy® for Naval Postgraduate School

Ocean Power Technologies Achieves ISO 9001 Certification

Ocean Power Technologies to Announce Fiscal 2025 Fourth Quarter and Full-Year Results on July 24, 2025

Ocean Power Technologies Signs Strategic Reseller Agreement in Latin America

Ocean Power Technologies, Inc. Announces Fourth Quarter and Full Year Fiscal 2025 Results

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