Company Description
Ocean Power Technologies, Inc. develops and commercializes proprietary power platforms that generate electricity by harnessing the renewable energy of ocean waves in North America, South America, Europe, Australia, and Asia.
The company offers PB3 PowerBuoy that generates power for use independent of the power grid in offshore locations.
It also provides Next Generation PowerBuoy; subsea battery systems; and software, controls, sensors, integration services, and marine installation services.
In addition, the company offers Wave Adaptive Modular Vessel (WAM-V) technology, which enables roaming capabilities for uncrewed maritime systems in waters; leases WAM-V robotics and access information; maritime domain awareness solutions; and strategic consulting services.
Further, the company provides offshore data collection, integration, analytics, and real time communication for various applications.
Ocean Power Technologies, Inc. serves public and private entities, and agencies that require remote offshore power.
The company offers 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 | 43 |
| 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 | Senior Vice President, Chief Financial Officer and Principal Accounting Officer |
| Matthew Burdyny | Chief Commercial Officer |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Mar 25, 2025 | 8-K | Current Report |
| Mar 24, 2025 | DEF 14A | Other definitive proxy statements |
| Mar 19, 2025 | 8-K | Current Report |
| Mar 17, 2025 | 10-Q | Quarterly Report |
| Mar 17, 2025 | 8-K | Current Report |
| Mar 14, 2025 | PRE 14A | Other preliminary proxy statements |
| Feb 12, 2025 | 8-K | Current Report |
| Feb 4, 2025 | 8-K | Current Report |
| Jan 31, 2025 | S-8 | Securities to be offered to employees in employee benefit plans |
| Jan 21, 2025 | 8-K | Current Report |