Ocean Power Technologies, Inc. (OPTT)
-0.010 (-2.53%)
At close: Jul 18, 2024, 4:00 PM
+0.001 (0.27%)
After-hours: Jul 18, 2024, 4:00 PM EDT

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, Australia, and Asia.

It offers PB3 PowerBuoy that generates power for use independent of the power grid in offshore locations.

The company also provides Next Generation PowerBuoy; subsea battery systems; and software, controls, sensors, integration services, and marine installation services.

In addition, it 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.

It serves public and private entities, and agencies that require remote offshore power. Ocean Power Technologies, Inc. was incorporated in 1984 and is headquartered in Monroe Township, New Jersey.

Ocean Power Technologies, Inc.
Ocean Power Technologies logo
Country United States
Founded 1984
IPO Date Apr 25, 2007
Industry Specialty Industrial Machinery
Sector Industrials
Employees 72
CEO Dr. Philipp Stratmann

Contact Details

28 Engelhard Drive, Suite B
Monroe Township, New Jersey 08831
United States
Phone 609-730-0400
Website oceanpowertechnologies.com

Stock Details

Ticker Symbol OPTT
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 and Chief Financial Officer
Joseph DiPietro Principal Accounting Officer, Corporate Controller and Treasurer
Nicholas Day General Counsel and Secretary
Jeff Wiener Vice President of Global Sales
Matthew Burdyny Chief Commercial Officer

Latest SEC Filings

Date Type Title
Jul 17, 2024 8-K Current Report
Jul 15, 2024 DEF 14A Other definitive proxy statements
Jul 10, 2024 8-K Current Report
Jul 5, 2024 PRE 14A Other preliminary proxy statements
Jul 5, 2024 8-K Current Report
Jun 26, 2024 8-K Current Report
Jun 17, 2024 8-K Current Report
Jun 14, 2024 8-K Current Report
Jun 7, 2024 8-K Current Report
May 30, 2024 8-K Current Report