OPTT - Earnings announcements

MONROE TOWNSHIP, N.J., March 17, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), today announced financial results, including record backlog, for its fiscal third quarter ("3Q26") ended January 31, 2026. Highlights include: 3Q26 RESULTS and RECENT HIGHLIGHTS OPT secured a multi-buoy contract totaling approximately $6.5 million from the U.S. Department of Homeland Security ("DHS") supporting a U.S. Coast Guard maritime domain awareness mission off San Diego. The award provides multi-quarter revenue visibility, with delivery of four newly built MERROWS®-equipped PowerBuoy® systems beginning in Q4 of fiscal 2026. The contract further advances ou

MONROE TOWNSHIP, N.J., March 11, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), today announced preliminary financial results for the third quarter ended January 31, 2026 (Q3FY26). The preliminary results included in this press release are subject to change and have not been audited or reviewed by our independent auditor. The Company expects to file its third quarter financial results and update after market close on March 17, 2026. 3Q26 RESULTS and RECENT HIGHLIGHTS Backlog as of January 31, 2026 was approximately $19.9 million, an increase of $12.4 million and 165% over the prior year period.Pipeline as of January 31, 2026 stands at $163.

MONROE TOWNSHIP, N.J., March 05, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it will release earnings for its fiscal 2026 third quarter ended January 31, 2026 on Tuesday March 17, 2026. CONFERENCE CALL AND WEBCAST INFORMATION A conference call to discuss OPT's financial results will be held on Wednesday March 18, 2026 at 9:00 AM EST. Philipp Stratmann, CEO, and Bob Powers, CFO will host the call. The dial-in numbers for the conference call are 877-407-8291 or 201-689-8345.Live webcast: Webcast | Ocean Power Technologies FY

MONROE TOWNSHIP, N.J., Dec. 15, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), today announced financial results for its fiscal second quarter ("2Q26") ended October 31, 2025. Highlights include: 2Q26 RESULTS and RECENT HIGHLIGHTS Backlog at October 31, 2025 was approximately $15.0 million, an increase of $11.2 million and nearly 300% over the prior year period.Pipeline as of October 31, 2025 stands at $137.5 million, an increase of $53.1million and 63% increase over the $84.4 million pipeline at October 31, 2024.During the quarter, OPT shipped eight WAM-V® autonomous surface vehicles, marking a strategically meaningful milestone for the Com

MONROE TOWNSHIP, N.J., Dec. 03, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it will release early earnings for its fiscal 2026 second quarter ended October 31, 2025 prior to market open on Monday December 15, 2025. CONFERENCE CALL AND WEBCAST INFORMATION A conference call to discuss OPT's financial results will be held on Monday December 15, 2025 at 9:00 AM EST. Philipp Stratmann, CEO, and Bob Powers, CFO will host the call. The dial-in numbers for the conference call are 877-407-8291 or 201-689-8345.Live webcast: Webcast

MONROE TOWNSHIP, N.J., July 24, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), today announced financial results for its fiscal fourth quarter ("4Q25") and full-year ended April 30, 2025 ("FY25"). Highlights include: FY25 RESULTS and RECENT HIGHLIGHTS Backlog at April 30, 2025 was $12.5 million, a 158% increase over the prior year.Pipeline as of the date of this release stands at $137.5 million, an 88% increase over the $71.6 million pipeline at April 30, 2024.Operating expenses of $23.3 million for FY25 decreased $8.9 million, or 28%, versus $32.2 million for the year ended April 30, 2024.Revenues for FY25 of $5.9 million increased 6% over

MONROE TOWNSHIP, N.J., July 15, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it will release earnings for its fiscal 2025 full year and fourth quarter ended April 30, 2025 after the market closes on Thursday July 24, 2025. CONFERENCE CALL AND WEBCAST INFORMATION A conference call to discuss OPT's financial results will be held on Friday July 25, 2025, at 9:00 AM EST. Philipp Stratmann, CEO, and Bob Powers, CFO, will host the call. The dial-in numbers for the conference call are 877-407-8291 or 201-689-8345.Live webcast: Web

MONROE TOWNSHIP, N.J., March 18, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), today announced financial results for the second quarter ended January 31, 2025 (Q3FY25). Q3FY25 Financial Highlights Backlog: $7.5 million, compared to the $3.3 million for the same period last year. Primarily driven by our previously announced new partner in Latin America which includes an initial $2.0 million of purchase orders for our Next Generation PowerBuoys® and $3.0 million of WAM-V® purchase orders. Revenue: $0.8 million, compared to $1.8 million for the same period last year.Operating expenses: $6.1 million, compared to $8.6 million for the same period

MONROE TOWNSHIP, N.J., Dec. 16, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), today announced financial results for the second quarter ended October 31, 2024 (Q2FY25). Q2FY25 Financial Highlights Revenue: $2.4 million, compared to $0.9 million for the same period last year, representing a 2.7x increase.Net Loss: $3.9 million, compared to $7.2 million in the prior year period, representing a year-over-year decrease of 46%. Operating expenses have been reduced by 41%, including reduced external expenditures leading to a material reduction in third party spend. Cash Used in Operating Activities: $4.8 million, compared to $7.5 milli

MONROE TOWNSHIP, N.J., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), today announced preliminary financial results for the second quarter ended October 31, 2024 (Q2FY25). The preliminary results included in this press release are subject to change and have not been audited or reviewed by our independent auditor. The Company expects to file its second quarter financial results and update in mid‐December. Preliminary Q2FY25 Financial Highlights(All figures are preliminary, unaudited, and subject to finalization): Revenue: Estimated to be greater than $2 million, compared to $0.9 million for the same period last year, representing a m

MONROE TOWNSHIP, N.J., Nov. 18, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it will release early earnings for its fiscal 2025 second quarter for the period ended October 31, 2024 after the market closes on Monday December 2, 2024. It also announced it will release its full results for the same quarter after the market closes on Monday December 16, 2024. Philipp Stratmann, OPT's CEO and President, stated, "We are excited to provide our shareholders with an early earnings update for our recent quarter. The ongoing growth in

MONROE TOWNSHIP, N.J., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), today announced financial results for its fiscal first quarter ended July 31, 2024 ("Q125"), which included year over year reductions in operating expenses, operating loss, and cash burn. Recent Financial and Operational Highlights: Operating expenses of $4.9 million for Q125 decreased 39% as compared to operating expenses of $8.1 million for the same period in the prior year ("Q124") reflecting previously disclosed restructuring and streamlining activities. Use of cash for operating activities of $6.1 million for Q125 decreased 23% as compared to operating e

MONROE TOWNSHIP, N.J., Aug. 21, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it will report its fiscal 2025 first quarter results for the period ended July 31, 2024 after the market closes on Monday September 16, 2024. CONFERENCE CALL AND WEBCAST INFORMATION A conference call to discuss OPT's financial results will be held on Tuesday September 17, 2024 at 9:00 AM EDT. Philipp Stratmann, CEO, and Bob Powers, CFO will host the call. The dial-in numbers for the conference call are 877-407-8291 or 201-689-8345.Live webcast: Web

MONROE TOWNSHIP, N.J., July 25, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), today announced financial results for its fiscal fourth quarter ("4Q24") and full-year ended April 30, 2024 ("FY24"). Highlights include: 4Q24 and RECENT HIGHLIGHTS Backlog at April 30, 2024 is $4.9 million, a 25% increase over the prior year.Pipeline at April 30, 2024 stood at $71.6 millionIn July 2024 we announced a contract for immediate delivery of a PowerBuoy equipped with Merrows, our Artificial Intelligence capable Maritime Domain Awareness Solution, in the Midde East. This order follows our previous announcement of the customer's selection of O

  MONROE TOWNSHIP, N.J., July 12, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it will report its fiscal 2024 fourth quarter results for the period ended April 30, 2024 after the market closes on Thursday July 25, 2024. CONFERENCE CALL AND WEBCAST INFORMATION A conference call to discuss OPT's financial results will be Friday July 26, 2024 9:00am EDT. Philipp Stratmann, CEO, and Bob Powers, CFO will host the call. The dial-in numbers for the conference call are 877-407-8291 or 201-689-8345.Live webcast: Webcast | Ocean Pow

MONROE TOWNSHIP, N.J., March 13, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), today announced financial results for its fiscal third quarter ended January 31, 2024 ("Q324"), including year over year revenue, gross profit, and pipeline growth. Financial Highlights from the third quarter: The Company's pipeline at January 31, 2024 ("Q324") was approximately $77 million, representing a 5.5x year-over-year increase over the pipeline of approximately $14 million at January 31, 2023. The Company's pipeline continues to grow, reflecting a significant increase in defense and security activity as well as an expansion of commercial opportunities.The

MONROE TOWNSHIP, N.J., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it will report its fiscal 2024 third quarter for the period ended January 31, 2024, results after the market closes on Wednesday March 13, 2024. CONFERENCE CALL AND WEBCAST INFORMATION A conference call to discuss OPT's financial results will be Thursday March 14, 2024, 9:00am EDT. Philipp Stratmann, CEO, Bob Powers, CFO, and Joseph Dipietro, Controller, will host the call. The dial-in numbers for the conference call are 877-407-8291 or 201-689-834

MONROE TOWNSHIP, N.J., Dec. 13, 2023 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), today announced financial results for its fiscal second quarter ended October 31, 2023 ("Q224"), including year-over-year revenue, gross profit, and pipeline growth. Financial Highlights from the second quarter: OPT's pipeline at October 31, 2023 ("Q224") was approximately $93 million, representing a 221% year-over-year increase over the pipeline of approximately $42 million at October 31, 2022. The pipeline continues to grow, reflecting a significant increase in defense and security activity as well as an expansion of commercial opportunities.Revenues of $0.9 mil

MONROE TOWNSHIP, N.J., Nov. 21, 2023 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it will report its fiscal 2024 second quarter for the period ended October 31, 2023 results after the market closes on Wednesday December 13, 2023. CONFERENCE CALL AND WEBCAST INFORMATION A conference call to discuss OPT's financial results will be Thursday December 14, 2023 9:00am EST. Philipp Stratmann, CEO, Bob Powers, CFO, and Joseph Dipietro, Controller, will host the call. The dial-in numbers for the conference call are 877-407-8291 or 201-68

MONROE TOWNSHIP, N.J., Sept. 13, 2023 (GLOBE NEWSWIRE) --  Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), today announced financial results for its fiscal first quarter ended July 31, 2023 ("Q124"), including year over year revenue, gross profit, and pipeline growth. Highlights from the first quarter and recent activity include: The Company's pipeline at July 31, 2023 ("Q124") was approximately $85 million, representing a 215% year-over-year increase over the pipeline of approximately $27 million for the prior year comparable timeframe. Our pipeline continues to grow, reflecting a significant increase in defense and security activity as well as an expansion o

MONROE TOWNSHIP, N.J., Aug. 14, 2023 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it will report its fiscal 2024 first quarter for the period ended July 31, 2023 results after the market closes on Wednesday September 13, 2023. CONFERENCE CALL AND WEBCAST INFORMATION A conference call to discuss OPT's financial results will be Thursday September 14, 2023 9:00am EDT. Philipp Stratmann, CEO, Bob Powers, CFO, and Joseph Dipietro, Controller, will host the call. The dial-in numbers for the conference call are 877-407-8291

MONROE TOWNSHIP, N.J., July 12, 2023 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), today announced financial results for its fiscal fourth quarter ("4Q23") and full-year ended April 30, 2023 ("FY23"). Highlights include: 4Q23 HIGHLIGHTS Total orders for the 4Q23 were $2.3 million, as compared to $0.7 million for the fourth quarter ended April 30, 2022 ("4Q22").Revenues for the 4Q23 of $1.0 million grew 29.5% over 4Q22 revenues.In April 2023, OPT completed a $0.5M extension of its lease contract to continue providing their WAM-V® 22 Autonomous Surface Vehicle asset to a U.S. Government Agency Overseas for ongoing autonomous maritime activitie

MONROE TOWNSHIP, N.J., June 15, 2023 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it will report its fiscal 2023 fourth quarter and full-year ended April 30, 2023, results after the market closes on Wednesday, July 12, 2023. CONFERENCE CALL AND WEBCAST INFORMATION A conference call has been scheduled to discuss OPT's financial results the following morning, Thursday, July 13, 2023, at 9:00 a.m. Eastern time. Philipp Stratmann, CEO, Bob Powers, CFO, and Joseph Dipietro, Treasurer and Controller, will host the call. The dial-in nu

MONROE TOWNSHIP, N.J., March 13, 2023 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), today announced financial results for its fiscal third quarter ended January 31, 2023 ("Q323"), including year-to-date revenue growth of over 74.7% and total order growth of 111%. Highlights from the third quarter and recent activity include: Total orders for the Q323 were $0.8 million, as compared to $0.7 million for the third quarter ended January 31, 2022 ("Q322"). Total orders for the nine months ended Q323 increased 111% to $3.8 million, from total orders of $1.8 million for the same period in the prior year.Revenues for the Q323 were $0.7 million, reflecting

MONROE TOWNSHIP, N.J., Feb. 13, 2023 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it will report its fiscal 2023 third quarter for the period ended January 31, 2023 results after the market closes on Monday, March 13, 2023. CONFERENCE CALL AND WEBCAST INFORMATION A conference call to discuss OPT's financial results will be held the following morning, Tuesday, March 14, 2023, at 9:00 a.m. Eastern time. Philipp Stratmann, CEO, Bob Powers, CFO, and Joseph Dipietro, Treasurer and Controller, will host the call. The dial-in numbers f

MONROE TOWNSHIP, N.J., Dec. 14, 2022 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), a leader in innovative and cost-effective low-carbon marine data, power, and consulting service solutions, today announced financial results for its second quarter ended October 31, 2022 ("2Q23"). 2Q23 HIGHLIGHTS: Total orders for the 2Q23 were $2.3 million, as compared to $0.1 million for the second quarter ended October 31, 2021 ("2Q22"). Total orders for the six months ended 2Q23 were $2.9 million, comparing favorably to total orders of $0.6 million for the 2Q22.Delivered gross margin of $0.2 million through the six months ended October 31, 2022 as compared

MONROE TOWNSHIP, N.J., Nov. 10, 2022 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it will report its fiscal 2023 second quarter for the period ended October 31, 2022 results after the market closes on Wednesday, December 14, 2022. CONFERENCE CALL AND WEBCAST INFORMATION A conference call to discuss OPT's financial results will be held the following morning, Thursday, December 15, 2022, at 9:00 a.m. Eastern time. Philipp Stratmann, CEO, Bob Powers, CFO, and Joseph Dipietro, Treasurer and Controller, will host the call. The dial-i

MONROE TOWNSHIP, N.J., Sept. 12, 2022 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), a leader in innovative and cost-effective low-carbon marine data, power, and consulting service solutions, today announced financial results for its first quarter ended July 31, 2022. 1Q23 HIGHLIGHTS: Revenues increased to $714,000 in 1Q23, as compared to $272,000 in 1Q22.Selected by the U.S. Department of Energy (DOE) for the Phase II development of a next-generation wave energy converter. In the DOE's recently published awards for clean energy Small Business Innovation Research (SBIR) projects, OPT will receive up to $1.1 million over the next 18-24 months to d

MONROE TOWNSHIP, N.J., Aug. 12, 2022 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it will report its fiscal 2023 first quarter after the market closes on Monday, September 12, 2022. CONFERENCE CALL AND WEBCAST INFORMATION A conference call to discuss the financial results will be held the following morning Tuesday, September 13, 2022, at 9:00 a.m. Eastern time. Philipp Stratmann, CEO, Bob Powers, CFO, and Joseph Dipietro, Treasurer and Controller, will host the call. The dial-in numbers for the conference call are 877-407-8291 o

MONROE TOWNSHIP, N.J., July 13, 2022 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), a leader in innovative and cost-effective low-carbon marine data, power, and consulting service solutions, today announced financial results for its fourth quarter and full-year ended April 30, 2022. Q4 HIGHLIGHTS: Revenues increased to $756,000 in Q422, driven by growth of Strategic Consulting Services.Continued development of its proprietary next-generation Maritime Domain Awareness ("MDA") solution, configured to provide cyber-secure autonomous monitoring of large ocean areas, such as windfarms, marine protected areas, and areas of interest to n

MONROE TOWNSHIP, N.J., June 14, 2022 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it will report its 2022 fourth quarter and full-year results after the market closes on Wednesday, July 13, 2022. CONFERENCE CALL AND WEBCAST INFORMATION A conference call to discuss the financial results will be held the following morning Thursday, July 14, 2022, at 9:00 a.m. Eastern time. Philipp Stratmann, CEO, Bob Powers, CFO, and Joseph Dipietro, Treasurer and Controller, will host the call. The dial-in numbers for the conference call are 877-

MONROE TOWNSHIP, N.J., March 14, 2022 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), a leader in innovative and cost-effective low-carbon marine data, power, and consulting service solutions, today announced financial results for its third quarter ended January 31, 2022. BUSINESS HIGHLIGHTS As previously announced, the Company completed its acquisition of Marine Advanced Robotics (MAR) on November 15, 2021, expanding OPT's commercial offering into autonomous vehicles for maritime data services. MAR is expected to contribute approximately $2.0 million to revenue for Fiscal Year 2023. In the 3Q22, the Company recognized $257,000 of revenue related

MONROE TOWNSHIP, N.J., Feb. 02, 2022 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it will report its fiscal year 2022 third quarter results for the period ending January 31, 2022, after the market closes on Monday, March 14, 2022. CONFERENCE CALL AND WEBCAST INFORMATIONOPT will host a conference call to discuss the financial results on Tuesday, March 15, 2021, at 9:00 a.m. Eastern. OPT President and CEO Dr. Philipp Stratmann will update investors on company activities, including the progress of integrating recently acquired Marine

Investor Conference Call and Webcast on December 15, 2021, at 9:00 A.M. ET MONROE TOWNSHIP, N.J., Dec. 14, 2021 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced financial results for its second quarter, ended October 31, 2021. Business Highlights Revenues grew to $247,000 in the second quarter of Fiscal Year 2022 compared to $118,000 for the second quarter of Fiscal Year 2021, driven by growth in Strategic Consulting Services as the Company further integrates the February 2021 acquisition of 3Dent Technology, Inc.Entered strategic partne

MONROE TOWNSHIP, N.J., Nov. 09, 2021 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it will report its fiscal year 2022 second quarter results for the period ending October 31, 2021, after the market closes on Tuesday, December 14, 2021. CONFERENCE CALL AND WEBCAST INFORMATIONOPT will host a conference call to discuss the financial results on Wednesday, December 15, 2021, at 9:00 a.m. Eastern. The dial-in number for the conference call is 877-407-8291 (toll-free) or 201-689-8345 (direct). Please dial the number 10 minutes before the

MONROE TOWNSHIP, N.J., Sept. 13, 2021 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced financial results for its first quarter, ended July 31, 2021. Recent Operational Highlights Received a U.S. Department of Energy Small Business Innovation Research award to study a modular and scalable next generation autonomous wave energy deviceEntered into strategic partnerships with software and robotics developers, Greensea and Fathom5, and initiated development of proprietary next-generation Maritime Domain Awareness Soluti

MONROE TOWNSHIP, N.J., July 19, 2021 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced financial results for the fourth quarter and full fiscal year 2021, ended April 30, 2021. Fiscal Year 2021 and Recent Operational Highlights Acquired 3Dent Technology to add offshore engineering and consulting services to the Company's portfolio of offeringsContracted with Adams Communication & Engineering Technology, Inc. ("ACET") for U.S. Navy Naval Postgraduate School's Sea, Land, Air, Military Research ("SLAMR") Initiative studyCompleted DeepStar® st