Company Description
Ocean Power Technologies, Inc., a maritime domain awareness company, provides maritime solutions in North America, South America, Europe, the Middle East, Africa, Australia, and Asia.
Its maritime solutions include Data as a Service (DaaS), Robotics as a Service (RaaS), and Power as a Service (PaaS).
The company also designs, manufactures, deploys, and operates PowerBuoy, a sensor and power solution; wave adaptive modular vessel (WAM-V), an autonomous unmanned surface vehicle; and Merrows, a user interface and command and control (C2) system for defense, security, subsea infrastructure, offshore oil and gas, offshore energy, marine research, and communication markets.
It serves defense agencies, offshore energy operators, and other commercial interests through a combination of direct sales and leases, strategic partnerships, and long-term service agreements.
The company was incorporated in 1984 and is headquartered in Monroe Township, New Jersey.
| Country | United States |
| Founded | 1984 |
| IPO Date | Apr 25, 2007 |
| Industry | Specialty Industrial Machinery |
| Sector | Industrials |
| Employees | 53 |
| CEO | Philipp Stratmann |
Contact Details
Address: 28 Engelhard Drive, Suite B Monroe Township, New Jersey 08831 United States | |
| Phone | 609 730 0400 |
| Website | oceanpowertechnologies.com |
Stock Details
| Ticker Symbol | OPTT |
| Exchange | NYSEAMERICAN |
| Stock Type | Common Stock |
| Fiscal Year | May - April |
| Reporting Currency | USD |
| CIK Code | 0001378140 |
| CUSIP Number | 674870506 |
| ISIN Number | US6748705067 |
| Employer ID | 22-2535818 |
| SIC Code | 4911 |
Key Executives
| Name | Position |
|---|---|
| Dr. Philipp Stratmann | Chief Executive Officer, President and Director |
| Robert Patrick Powers CPA | Senior Vice President, Chief Financial Officer and Principal Accounting Officer |
| Tracy D. Pagliara CPA, J.D. | Senior Vice President, General Counsel and Secretary |
| Jason Weed | Senior Vice President of Commercial Sales |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Aug 8, 2025 | 8-K | Current Report |
| Aug 8, 2025 | 424B5 | Filing |
| Aug 5, 2025 | 8-K | Current Report |
| Jul 25, 2025 | 8-K | Current Report |
| Jul 24, 2025 | 10-K | Annual Report |
| Jul 22, 2025 | S-8 | Securities to be offered to employees in employee benefit plans |
| Jul 14, 2025 | 8-K | Current Report |
| Jun 30, 2025 | 8-K | Current Report |
| Jun 6, 2025 | 8-K | Current Report |
| Jun 4, 2025 | 8-K | Current Report |