Ocean Power Technologies Timeline

Events

• 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… - source: oceanpowertechnologies.gcs-web.com
• 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… - source: globenewswire.com
• 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… - source: globenewswire.com
• 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. - source: greenseaiq.com
• 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… - source: greenseaiq.com
• 2022-05-23 - Partnership - SubCtech and Ocean Power Technologies explore joint ocean deployments - OPT provides sustainable power generation and data capabilities with low- and low- to no-carbon solutions allow for smarter and faster actionable insights for ocean operations. Collaboration on mutually beneficial solutions in North America and the European… - source: subctech.com