Ocean Power Technologies opens a new office in Washington, D.C., enhancing collaboration in uncrewed systems and policy engagement.
Quiver AI Summary
Ocean Power Technologies, Inc. (OPT), a leader in low-carbon offshore power and services, has opened a new office at the AUVSI headquarters in Washington, D.C. This strategic location aims to enhance OPT's engagement in uncrewed systems operations and policy at the national level, fostering closer collaboration with AUVSI on initiatives like the Trusted Operator Program. According to Jason Weed, OPT's SVP of Commercial Sales, this move will deepen their relationships with government and industry stakeholders, supporting the company's growth strategy that includes expanding its fleet of unmanned surface vehicles and advancing its AI-capable Maritime Domain Awareness System. The office will provide OPT with greater access to thought leadership and direct engagement with decision-makers in both defense and commercial sectors.
Potential Positives
- The opening of a new office at AUVSI headquarters enhances Ocean Power Technologies' national presence and positions the company strategically within the uncrewed systems industry.
- This expansion reflects a commitment to policy engagement and industry collaboration, crucial for advancing the development of uncrewed systems.
- Proximity to AUVSI facilitates improved relationships with key stakeholders and greater access to collaborative opportunities, supporting the company’s growth strategy.
- The move is aligned with ongoing initiatives such as the AUVSI Trusted Operator Program, which promotes safety and operational excellence across unmanned systems.
Potential Negatives
- The press release emphasizes the need for engagement with stakeholders, which may signal that the company is struggling to establish relationships or gain traction in the market.
- The reliance on future projections and forward-looking statements indicates potential uncertainty regarding the company’s actual performance and market success.
- The mention of risks related to assumptions and estimates could suggest that the company's plans may not materialize as expected, raising concerns among investors.
FAQ
What is the purpose of Ocean Power Technologies' new office in Washington, D.C.?
The new office aims to enhance engagement with stakeholders and advance uncrewed systems operations and policy at a national level.
How does the new office benefit OPT's collaboration with AUVSI?
Proximity to AUVSI strengthens relationships and enhances collaboration on initiatives like the AUVSI Trusted Operator Program for uncrewed systems.
What are WAM-V® Unmanned Surface Vehicles?
WAM-V® Unmanned Surface Vehicles are part of OPT's fleet, designed for efficient offshore operations in various maritime applications.
How does OPT's growth strategy support maritime autonomy?
The growth strategy emphasizes expanding autonomous vehicle technology, AI capabilities, and persistent offshore infrastructure for diverse maritime sectors.
Where can more information about Ocean Power Technologies be found?
Additional information can be found on their official website at www.OceanPowerTechnologies.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$OPTT Hedge Fund Activity
We have seen 24 institutional investors add shares of $OPTT stock to their portfolio, and 27 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- JANE STREET GROUP, LLC added 550,892 shares (+597.0%) to their portfolio in Q2 2025, for an estimated $261,618
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 517,464 shares (-80.9%) from their portfolio in Q2 2025, for an estimated $245,743
- MILLENNIUM MANAGEMENT LLC added 268,883 shares (+inf%) to their portfolio in Q2 2025, for an estimated $127,692
- UBS GROUP AG added 243,582 shares (+26.2%) to their portfolio in Q2 2025, for an estimated $115,677
- GEODE CAPITAL MANAGEMENT, LLC added 236,542 shares (+15.2%) to their portfolio in Q2 2025, for an estimated $112,333
- CAMBRIDGE INVESTMENT RESEARCH ADVISORS, INC. added 198,150 shares (+inf%) to their portfolio in Q2 2025, for an estimated $94,101
- RENAISSANCE TECHNOLOGIES LLC added 137,069 shares (+inf%) to their portfolio in Q2 2025, for an estimated $65,094
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
MONROE TOWNSHIP, N.J., Aug. 18, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative, low-carbon offshore power, data, and service solutions, today announced the opening of a new office at the Association for Uncrewed Vehicle Systems International (AUVSI) headquarters in Washington, D.C. This strategic move marks a significant milestone in the Company’s expansion efforts and underscores its commitment to advancing uncrewed systems operations and policy engagement at the national level.
The new office, located in the heart of the U.S. capital, positions OPT alongside the world’s largest nonprofit organization dedicated to the advancement of uncrewed systems and robotics. This proximity strengthens OPT’s relationship with AUVSI and enhances collaboration on industry-wide initiatives, including the AUVSI Trusted Operator Program, which sets standards for safety, training, and operational excellence across air, ground, and maritime domains.
“We believe establishing a presence in Washington, D.C. allows us to deepen our engagement with key stakeholders in government, industry, and policy,” said Jason Weed, SVP of Commercial Sales at Ocean Power Technologies. “Our relationship with AUVSI has been instrumental in promoting best practices for the safe and effective deployment of unmanned systems, and this expansion reflects our shared vision for the future of maritime autonomy.”
The move also supports OPT’s broader growth strategy, which includes expanding its fleet of WAM-V® Unmanned Surface Vehicles, advancing its AI-capable Merrows™ Maritime Domain Awareness System, and delivering persistent offshore infrastructure via its PowerBuoy® platforms.
By collocating with AUVSI, OPT gains increased access to thought leadership, collaborative opportunities, and real-time engagement with decision-makers shaping the future of uncrewed systems in both defense and commercial sectors.
For more information about Ocean Power Technologies, please visit www.OceanPowerTechnologies.com .
ABOUT OCEAN POWER TECHNOLOGIES
OPT provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets, including Merrows™, which provides AI-capable seamless integration of Maritime Domain Awareness Systems across platforms. Our PowerBuoy® platforms provide clean and reliable electric power and real-time data communications for remote maritime and subsea applications. We also provide WAM-V® unmanned surface vehicles (USV’s) and marine robotics services. The Company’s headquarters is located in Monroe Township, New Jersey and has an additional office in Richmond, California. To learn more, visit www.OceanPowerTechnologies.com.
FORWARD-LOOKING STATEMENTS
This release may contain forward-looking statements that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by certain words or phrases such as "may", "will", "aim", "will likely result", "believe", "expect", "will continue", "anticipate", "estimate", "intend", "plan", "contemplate", "seek to", "future", "objective", "goal", "project", "should", "will pursue" and similar expressions or variations of such expressions. These forward-looking statements reflect the Company's current expectations about its future plans and performance. These forward-looking statements rely on a number of assumptions and estimates that could be inaccurate and subject to risks and uncertainties, including the continuing successful operations of the AI capable Merrows™ PowerBuoy®, success with AUVSI, the delivery of customer services, the conversion of potential customers to contracts and the realization of the potential revenue thereunder. Actual results could vary materially from those anticipated or expressed in any forward-looking statement made by the Company. Please refer to the Company's most recent Forms 10-Q and 10-K and subsequent filings with the U.S. Securities and Exchange Commission for further discussion of these risks and uncertainties. The Company disclaims any obligation or intent to update the forward-looking statements in order to reflect events or circumstances after the date of this release.
CONTACT INFORMATION
Investors: 203-561-6945 or [email protected]
Media: 609-730-0400 x402 or [email protected]
