Ocean Power Technologies Delivers Significant Operational Update on Global Deployments and Infrastructure Progress

Key Points from the Report

• Global Expansion: Ocean Power Technologies, Inc. (NYSE American: OPTT) has shipped a WAM-V® autonomous surface vehicle to Greece, marking a notable expansion of its international operational footprint. This deployment is aimed at supporting ongoing customer missions and field activity in the region, particularly in defense and commercial maritime markets.
• Infrastructure Development: The company has transitioned its integrated docking and charging program from the prototype phase to a full-scale build. This includes the development of autonomous docking and redeployment capabilities. Orders for critical components have been placed to support system integration and open-water validation.
• Commercial Launch Timeline: OPT is advancing toward its first early access commercial solution, targeted for launch in 2026. The new capability will enable autonomous systems to dock, recharge, and redeploy, supporting persistent offshore operations and laying the foundation for a future maritime recharging network.
• Technological Collaboration: OPT continues to advance autonomous navigation and control capabilities through its collaboration with Mythos AI. Recent progress has strengthened the crucial perception, decision-making, and autonomous functionality required for reliable maritime operations in dynamic environments.
• Strategic Focus: CEO Philipp Stratmann emphasizes disciplined execution across deployments, government programs, and infrastructure development, aiming to deliver scalable and persistent maritime autonomy for both defense and commercial customers.
• Product Portfolio: OPT provides intelligent maritime solutions including Merrows™, which offers AI-capable seamless integration of Maritime Domain Awareness Systems, PowerBuoy® platforms for electric power and data communications, and WAM-V® unmanned surface vehicles (USVs) and marine robotics services.

Important Information for Shareholders

• Potentially Price-Sensitive Developments:
  • The shipment of the WAM-V® to Greece and expansion into international markets may open new revenue streams and strengthen OPT’s presence in the defense and commercial sectors.
  • The progression of the integrated docking and charging program to full-scale build and the imminent launch of a commercial solution in 2026 could position OPT as a leader in autonomous maritime operations, attracting new customers and partnerships.
  • Advancements in autonomy through Mythos AI collaboration are likely to enhance OPT’s technology offering, possibly increasing its competitive edge and long-term value.
  • Any delays or challenges in these initiatives, as noted in the forward-looking statements, could materially impact the company’s future performance and share price. Investors should monitor the progress and execution closely.
• Risks and Uncertainties: The success of the integrated docking and charging program, the collaboration with Mythos AI, and the performance of the WAM-V® shipped to Greece are subject to risks and uncertainties. Actual results may differ materially from expectations due to unforeseen challenges.

Additional Details

• OPT’s headquarters are located in Monroe Township, New Jersey, with an additional office in Richmond, California.
• Its products and services target defense and security, oil and gas, science and research, and offshore wind markets, with a focus on safer, cleaner, and more productive ocean operations.
• For more information, investors and interested parties are encouraged to visit the company website: www.OceanPowerTechnologies.com.

Forward-Looking Statements Disclaimer

This article contains forward-looking statements based on current expectations and assumptions. These statements are subject to risks and uncertainties, including the success of ongoing programs, collaborations, and deployments. Actual results may differ materially from those anticipated. Investors are advised to review the company’s most recent SEC filings, including Forms 10-Q and 10-K, for a detailed discussion of risks and uncertainties. The company undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances.

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