OPTT - Ocean Power Technologies Inc.

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Ocean Power Technologies, Inc. is a pioneering force in the development and commercialization of innovative systems designed to harness the renewable energy of ocean waves across North America, South America, Europe, and Asia. At the heart of its offerings is the PB3 PowerBuoy system, which serves as a groundbreaking solution for generating electricity independently of the power grid in offshore locations. In addition to its flagship product, Ocean Power Technologies also provides a range of complementary offerings, including hybrid PowerBuoy products, subsea battery systems, software, controls, sensors, integration services, and marine installation services.

Beyond power generation, Ocean Power Technologies caters to a diverse array of markets with its distributed offshore power and communications solutions. These solutions find applications in sectors such as defense and security, offshore oil and gas, science and research, and offshore wind, providing essential infrastructure for remote surface and subsea operations. Moreover, the company's Wave Adaptive Modular Vessel (WAM-V) technology unlocks roaming capabilities for uncrewed maritime systems, enabling enhanced flexibility and efficiency in marine operations.

Ocean Power Technologies also offers a suite of maritime domain awareness solutions, strategic consulting services, and offshore data collection, integration, analytics, and real-time communication capabilities. Serving a broad spectrum of public and private entities, as well as agencies requiring remote offshore power, Ocean Power Technologies has positioned itself at the forefront of the burgeoning renewable energy sector. Established in 1984 and headquartered in Monroe Township, New Jersey, the company continues to drive innovation in ocean energy solutions, poised to play a pivotal role in shaping the future of sustainable power generation worldwide.

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