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.
| Country | United States |
| Founded | 1984 |
| IPO Date | Apr 25, 2007 |
| Industry | Specialty Industrial Machinery |
| Sector | Industrials |
| Employees | 72 |
| CEO | Dr. 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 |
| 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 |
|---|---|---|
| Apr 22, 2024 | DFAN14A | Filing |
| Apr 17, 2024 | SC 13D/A | [Amend] General statement of acquisition of beneficial ownership |
| Apr 17, 2024 | 8-K | Current Report |
| Apr 16, 2024 | 8-K | Current Report |
| Apr 12, 2024 | DFAN14A | Filing |
| Apr 8, 2024 | 8-K | Current Report |
| Apr 2, 2024 | 8-K | Current Report |
| Mar 27, 2024 | 8-K | Current Report |
| Mar 21, 2024 | 8-K | Current Report |
| Mar 21, 2024 | 424B5 | Filing |