MONROE TOWNSHIP, N.J., Aug.  24, 2026  (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE:OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that

OPTT

Ocean Power Technologies, Inc. to Participate in Water Tower Research Fireside Chat on Tuesday, August 25, 2026

OPTT Eyes Growth as Backlog Increases and Government Momentum Builds

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>MONROE TOWNSHIP, N.J., Aug.  24, 2026  (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE:OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Ocean Power Technologies&#039; CEO will participate in a Water Tower Research Fireside Chat on August 25, 2026, underscoring a shift to an operational provider. The company reported a $19.8 million backlog, up 58% in 2026, with a large Coast Guard deployment supporting recurring revenue through a lease-like model. The chat could validate execution progress and potentially accelerate upside into FY27 milestones.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>OPTT CEO to speak at Water Tower Research Fireside Chat on Aug 25, 2026.</li><li>Backlog stands at $19.8 million, up 58% in 2026.</li><li>Coast Guard program expands recurring revenue via a lease-like model.</li><li>WAM-V delivery speed: five weeks from order.</li><li>Path to 35–55% gross margins; FY27 milestones highlighted.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Ocean Power Technologies, Inc. (OPTT)</strong>: Subject of the release; backlog growth and FY27 milestones could drive valuation re-rating.</li><li><strong>Water Tower Research (N/A)</strong>: Fireside Chat host; potential credibility boost for OPTT but no direct price impact unless new facts emerge.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The article centers on OPTT’s investor communications, operational progress, and upcoming events that could influence perception of growth and execution.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Backlog of $19.8 million signals improved revenue visibility.</li><li>Coast Guard deployment supports recurring revenue via leasing model.</li><li>Five-week WAM-V delivery cadence tests inventory readiness.</li><li>US government momentum and CMMC 2 compliance bolster international traction.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Backlog: $19.8 million as of 2026.</li><li>Backlog growth: 58% increase in 2026.</li><li>Largest deployment in company history: Coast Guard program.</li><li>WAM-V delivery time: five weeks from order.</li><li>FY27 milestone focus: 35–55% gross margin target.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term upside for OPTT could materialize on backlog growth, government momentum, and visible FY27 milestones within 3–6 quarters.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p>MONROE TOWNSHIP, N.J., Aug.  24, 2026  (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/OPTT">OPTT</a>), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that Dr. Philipp Stratmann, President and Chief Executive Officer will participate in the upcoming Water Tower Research Fireside Chat Series, taking place on Tuesday, August 25, 2026 at 11:00 am ET.</p>  <p>The Fireside Chat will be hosted by Peter Gastreich, Managing Director, Energy Transition &amp; Sustainable Investing at Water Tower Research, and will cover the following topics:</p>  <ul type="disc"><li style="margin-bottom:2pt;"><strong>Evolution to an operational provider.</strong> What made FY26 the year OPT became an operational provider rather than a technology developer.</li><li style="margin-bottom:2pt;"><strong>Record backlog.</strong> Backlog of $19.8 million, up 58% in 2026 and nearly five times FY26 revenue.</li><li style="margin-bottom:2pt;"><strong>Coast Guard program and recurring revenue.</strong> The largest deployment in company history, renewal prospects, and how the lease-like model layers revenue across a buoy’s life.</li><li style="margin-bottom:2pt;"><strong>Speed as a differentiator.</strong> A WAM-V delivered five weeks from order and what that pace demands of inventory and fleet readiness.</li><li style="margin-bottom:2pt;"><strong>Defense and international momentum.</strong> The US government’s WAM-V selection, CMMC Level 2 compliance, and converting European engagement into contracts.</li><li style="margin-bottom:2pt;"><strong>Margins, capital, and milestones.</strong> The path toward the 35–55% gross margin range, funding plans for growth, and FY27 milestones that would demonstrate execution.</li></ul>  <p>This event is open access for all investors to participate. Interested parties can register for the event through Water Tower Research at: <a href="https://www.globenewswire.com/Tracker?data=k8HuLO8IPwZ76-rUpEbti07jmEu-IvWufyQgY2O38x-n5VoLuXM_XYv-tTdYaXTAs1h7kj7JzrZBvjrlf3DHyFcJvw5Jzmj53lMAPO-DbplvejRoPirMR5C3vcgI9jPbM-pyvlH5vJJV-E4VNvhHeCGN7-FNmSYcdKnh1G24TRMuVifhiRSb5XHXJZ6yDNtiiL_S0kR03cX36QJu_vEaMQ==" rel="nofollow" target="_blank"><u>Fireside Chat: Ocean Power Technologies, Inc (OPTT) - 1772197</u></a></p>  <p align="justify">For more information about Ocean Power Technologies, visit <a href="https://www.globenewswire.com/Tracker?data=I2-v2xyEDRqBqBR58g5S4tqcMZ9j0aCzIT2wnlBymX7eiEfsD9hYVfLa-ewII2Q4Cji6rbe9brlTnhuPIMwy9FCPrO3hOwL_sYTJuZPIol-uN-Nvw_uQhMxWPBEhDU1OQk1Ny3kBhK3c4I1F7D6eEiOIjmYW-beRUbkzDOscTkgtR00tmCb9rVqotkQOTFsXSWoSi4YkBgLQ_lTaPXJn0SjCq39V8hmE4fvZzrJQ5uAm3TK2wrulNVuGGINVuNSY1Hje4TTF2BgklNyVHUHBgHyDTj2BvAJ8Eol2hlWc23UB6LTs_hHj_uRYx-SUFCEm" rel="nofollow" target="_blank">www.OceanPowerTechnologies.com</a>.</p>  <p align="justify"><strong>ABOUT OCEAN POWER TECHNOLOGIES</strong><br></br>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&#x2122;, which provides AI capable seamless integration of Maritime Domain Awareness Systems across platforms. Our PowerBuoy&#xAE; platforms provide clean and reliable electric power and real-time data communications for remote maritime and subsea applications. We also provide WAM-V&#xAE; unmanned surface vessels (USVs) and marine robotics services. The Company’s headquarters is in Monroe Township, New Jersey, with an additional office in Richmond, California. To learn more about OPT’s products, services and solutions, visit <a href="https://www.globenewswire.com/Tracker?data=I2-v2xyEDRqBqBR58g5S4tqcMZ9j0aCzIT2wnlBymX7hRWEdF_QLSdq6xhZmTNnGXonq852LRaGx4IyY2O-raLWhjMQ1bX1IhH4Aa3W1XxbFRjubVHxRv8nUMADfIlDkG1PAN_YOw9qXaRYRJpGbpLIprdbldIQhWqKn3WCQQu5avUWp9DELpSibH8xvzeqkh_F7oTKru3PZhu-wdPwL3I9mMPhzCvkkiRu5izzKNbI6pCxQhzc1qgok6NM31Hg4Gi3te43q2aOmb-s9vyVgl2_6TejTU21S5AAGip_lEaGhq52vhUtPITyyMmei-vgzjtTrSb66Vy06erBcBDbJYdYGJS_4CWnOVSzarxYyySXNmTORkG1_cWIULVBXC7msruV-pcoUD4Zk0zE5j_fdb2g_4RLTHt26cHR490Ue0rpKIruIuNh0QEHN_mt_g_bZ5jLo0ULU9YHTTMkwBu9txax3gH6XS1RxJ4HkNU9r3bpNw5g-2RjIRI8KgEtLzgh9lIqhLGWWfIL0iexkfum8MjedkA_FmdlMmzhHWH0nbbi_3nbYJQLRbid5A-Nq2AfMlK39kFvMSGMj7a_XA_a5s5eHnltE3_3nlzZ_wU-eUx8nZDs9bYvYK5b0OQgxQhADzexicIfJ3QjnFQBJgQ94WUPqhcupdfxXw6i8csKqNbggvkUtVHfIcVzfmU2-jsv1yAdDsh4JAHqLZ6m3whY_3-uckvx0dvndFlLXuc4QMq4molYYsZQcKclqhzgUcg3L6gqcaJKR3nZEKbIXpH8tSsnDtPoabEYk9VxV8cQqhTPIj31vTeVYnEv9dSiMXIetFOd1tkPtV8OrtbHHIR9vYha9xEUlON7CZgAv15U6RxqNZw9XJq0K5iJtbQQ2Nz8hTHBCNhERHDzZyF0jiF_HdQ==" rel="nofollow" target="_blank">www.OceanPowerTechnologies.com</a>.</p>  <p align="justify"><strong>FORWARD-LOOKING STATEMENTS</strong></p>  <p align="justify">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 &#34;may&#34;, &#34;will&#34;, &#34;aim&#34;, &#34;will likely result&#34;, &#34;believe&#34;, &#34;expect&#34;, &#34;will continue&#34;, &#34;anticipate&#34;, &#34;estimate&#34;, &#34;intend&#34;, &#34;plan&#34;, &#34;contemplate&#34;, &#34;seek to&#34;, &#34;future&#34;, &#34;objective&#34;, &#34;goal&#34;, &#34;project&#34;, &#34;should&#34;, &#34;will pursue&#34; and similar expressions or variations of such expressions. These forward-looking statements reflect the Company&#39;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 PowerBuoy&#xAE; deployed in Southeast Asia, 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&#39;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.</p>  <p><strong>CONTACT INFORMATION</strong></p>  <p>Investors: 203-561-6945 or <a href="https://www.globenewswire.com/Tracker?data=vi4uNMUNG_cMGa8RxTZyAvn_xhG47uqBd1-sZxx3XBngRK9s2ZIpA4tBjDsJR0Uqr1rJLoYTMIDWYtE0h8jZmK5IqkS-QGrDqRHS664nQDeyht_Ll1sZP2NRBihfrqZXaeuut3kSjrbMien5aFncFA==" rel="nofollow" target="_blank">investorrelations@oceanpowertech.com</a></p>  <p>Media: 609-730-0400 x402 or <a href="https://www.globenewswire.com/Tracker?data=7lCbi_88nosOJPo-gGBSC223USCwk-GUII2DDDBtW-mFRiOoEiLX4uSZi6YnGWa0Zi165w0nyn8Zs7T0Yn-5KOfePtKv9u1Oazounj6lybyQEm6T6v7l44-6rteg-pWY5KTpxfT2yTUZ8j5IFh0OvA==" rel="nofollow" target="_blank">MediaRelations@oceanpowertech.com</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTgxNTM3NCM3ODAxNDc4IzIwMDY5MTQ="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/YzgyZjFlZTItMzMzYy00YzQ0LWJlNTItNzg5YmUwMGE1MDMxLTEwMTg0ODctMjAyNi0wOC0yNS1lbg==/tiny/Ocean-Power-Technologies-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/37cacdbe-8798-448b-acbc-529b6949576c"><img src="https://ml.globenewswire.com/media/37cacdbe-8798-448b-acbc-529b6949576c/small/opt-logo-300dpi-png.png" border="0" width="150" height="33" alt="Primary Logo"></img></a></p>

Ocean Power Technologies' CEO will participate in a Water Tower Research Fireside Chat on August 25, 2026, underscoring a shift to an operational provider. The company reported a $19.8 million backlog, up 58% in 2026, with a large Coast Guard deployment supporting recurring revenue through a lease-like model. The chat could validate execution progress and potentially accelerate upside into FY27 milestones.

News insight

Ocean Power Technologies, Inc. to Participate in Water Tower Research Fireside Chat on Tuesday, August 25, 2026

AI summary

Sentiment rationale

Key facts

Corporate Developments