Ocean Power Technologies

• Bayonet 150 at Modified WAM-V 16

  Physical Demo - Tested With - OPT demonstrated a modified WAM-V 16 carrying and remotely releasing Bayonet 150 offshore, followed by the crawler's transit to the beach.

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Supply chain relationships

• Stevens Institute of Technology

  Outbound - robotic motion components - Stevens Institute of Technology placed an order with Ocean Power Technologies for a WAM-V maritime drone

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• OPTT - NYSE American - USD

• Philipp Stratmann - President, Chief Executive Officer - Stratmann leads OPT as it commercializes maritime autonomy, ocean power, and offshore monitoring systems.
• Robert P. Powers - SVP, Chief Financial Officer - Powers leads finance for OPT as the company develops and sells maritime power, autonomy, and offshore-services systems.

Events

• 2026-10-12 - Market Signal - OPT PowerBuoy Mini selected for U.S. government evaluation

  The baseline combines 1.6 kW solar generation, one wind turbine and 28 kWh of energy storage. Remote control, diagnostics, communications and configurable payload interfaces support offshore assessment. Participation is an evaluation selection, with no contract award, procurement decision or government endorsement.

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• 2026-10-08 - Commercial Order - Ocean Power Technologies receives Naval Postgraduate School order for WAM-V 8

  NPS CRUSER researchers plan to integrate atmospheric and electro-optical instrumentation on the compact, shallow-draft platform. The order extends a relationship that already includes an OPT PowerBuoy deployed in Monterey Bay for oceanographic and maritime-sensing research.

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• 2026-10-06 - Demonstration - Greensea IQ Bayonet 150 completes offshore launch from modified WAM-V 16

  OPT modified the WAM-V 16 to transport the 300-pound crawler and release its umbilical remotely. After separation, the crawler travelled from the offshore release point to shore under Greensea IQ's control system. The test focused on transport, launch and safe separation between the two vehicles.

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• 2026-09-21 - Demonstration - OPT operates three WAM-V classes across five REPMUS missions

  WAM-V 8 delivered bathymetric survey data for rapid environmental assessment in amphibious surf zones, while WAM-V 16 supported mine-countermeasure tasking in beach and harbour approaches. WAM-V 22 performed surface-target identification and intelligence, surveillance and reconnaissance, and trained U.S. Navy and Marine Corps personnel in autonomous operations. OPT said its vessels were the only U.S. unmanned surface vessels integrated with U.S. command and control during the exercise.

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• 2026-09-09 - Demonstration - Ocean Power Technologies begins WAM-V surf-zone demonstration with ERDC

  The evaluation covers operation through breaking waves, currents, surf zones and coastal inlets. ERDC is assessing bathymetric mapping and submerged-hazard detection for civil works and logistics-over-the-shore missions. OPT was selected after a competitive technical evaluation; participation is not a procurement commitment.

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• 2026-08-05 - Contract Award - NAVO names Ocean Power Technologies one of six $40m ocean-survey IDIQ awardees

  The shared contract ceiling is $40 million and does not represent booked revenue for any single awardee. Individual firm-fixed-price task orders will be competed among the six selected companies. The 24-month ordering period runs from August 2026 through July 2028.

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• 2026-07-17 - Market Signal - Ocean Power Technologies WAM-V selected for further U.S. government assessment

  OPT said the U.S. Government selected WAM-V for further engagement after a competitive capability assessment. The update deepens government assessment of the maritime drone platform but does not constitute a contract award. The signal is relevant to autonomous surface vessels and defence maritime robotics demand.

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• 2026-06-24 - Commercial Order - Ocean Power Technologies deploys Rutgers PowerBuoy and wins Stevens WAM-V order

  The Rutgers PowerBuoy is installed and operational off New Jersey for ocean research and environmental monitoring. Stevens Institute ordered a WAM-V unmanned surface vehicle for advanced marine research and development. The event combines offshore power infrastructure with a new maritime-drone order.

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• 2025-08-05 - Partnership - Greensea IQ and OPT integrate EverClean with WAM-V

  The programme covers system design, integration and prototype testing for support-vessel-independent hull maintenance. Commercial deployment was a stated goal, not a completed deployment at announcement.

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• 2024-03-21 - Partnership - Greensea IQ and Ocean Power Technologies Extend Strategic Partnership to enhance Maritime Domain Awareness Solution

  Commenting on the contract extension, OPT praises Greensea IQ’s technology and the contribution it will bring to the development of MDAS. OPT is renowned for its over – the – horizon (OTH) MDAS – equipped PowerBuoy products. This partnership will encompass integration of sensory data, user interface optimization, secure data transfer to the cloud, and integrating edge computing and storage solutions.

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• 2022-05-23 - Partnership - SubCtech and Ocean Power Technologies explore joint ocean deployments

  SubCtech and Ocean Power Technologies agreed to collaborate on mutually beneficial ocean-power and monitoring solutions in North America and the European Union. The companies are exploring combined deployments and potential deepwater projects, using SubCtech’s underwater power solutions alongside OPT’s ocean-energy and data capabilities. The work also includes possible optimisation of OPT’s WAM-V platform and joint business development for sustainable ocean operations.

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Relationships

• Greensea IQ

  Autonomous Launch And Recovery Integration Partner - Greensea IQ and OPT are integrating EverClean with WAM-V for autonomous launch-and-recovery prototype testing.

• Rutgers University

  Deployment Partner - Ocean Power Technologies deployed a PowerBuoy off New Jersey for Rutgers University.

• Naval Postgraduate School

  Research Platform Order - Naval Postgraduate School ordered one WAM-V 8 for littoral sensing and autonomous-systems research.

• U.S. Naval Oceanographic Office

  Uncrewed Ocean Survey Customer - NAVOCEANO selected OPT for an IDIQ covering long-endurance USV ocean-floor mapping.

Market context

WAM-V

• Ocean Power Technologies receives Naval Postgraduate School order for WAM-V 8

  2026-10-08 · Order / contract · The Naval Postgraduate School ordered a WAM-V 8 maritime drone for littoral sensing and autonomous-systems research.

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• NAVO names Ocean Power Technologies one of six $40m ocean-survey IDIQ awardees

  2026-08-05 · Order / contract · Ocean Power Technologies was selected as one of six potential awardees under a U.S. Naval Oceanographic Office multiple-award IDIQ for long-endurance unmanned surface-vessel ocean-floor mapping.

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• Ocean Power Technologies deploys Rutgers PowerBuoy and wins Stevens WAM-V order

  2026-06-24 · Order / contract · Ocean Power Technologies commissioned a PowerBuoy off New Jersey for Rutgers and received a Stevens Institute purchase order for a WAM-V unmanned surface vehicle.

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