Ocean Power Technologies Inc (OPTT) Options

MONROE TOWNSHIP, N.J., Feb. 10, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it will exhibit at NAVDEX in Abu Dhabi with Remah International Group (“RIG”), a privately held and UAE headquartered company with a focus on both military and civilian services. This follows OPT’s appointment of RIG as its distributor for defense and security solutions in the UAE in late 2024. RIG, through its locally owned group of 48 companies, partners with industry leading solution providers globally like Red Cat and SAAB, to ensure the highest levels of service and product are supplied to the UAE. OPT and RIG will offer live demonstrations during NAVDEX of OPT’s WAM-V® Unmanned Surface Vehicles (“USV”), equipped with underwater sensors and capable of aerial drone integration, and exhibit its other capabilities including the Next Generation PowerBuoy ®, and the AI capable Merrows™. OPT and RIG will be at berth MB15 and at stand A027 during the event in Abu Dhabi.

OPT believes that demonstrating its commercially available solutions in partnership with RIG’s leading position in the UAE should drive the rapid acceleration of the adoption of autonomous ocean security services in the region. RIG’s long history as one of the first companies to serve the UAE Armed Forces, its reputation for excellence and knowledge of the local industry, coupled with its key footprint in the UAE, should enable turnkey services to be carried out more efficiently.

Dr. Philipp Stratmann, OPT’s CEO, expressed his enthusiasm about this partnership, stating, "We are very excited to demonstrate our capabilities to current and potential customers during NAVDEX. This is one of the world’s most renowned exhibitions for the naval defense and maritime security sector. Having recently exhibited our capabilities during ADIPED for commercial customers, we are honored and energized to have RIG join us in our efforts to further penetrate Middle East markets. We look forward to advancing several opportunities in the UAE and the broader Middle East markets and we applaud RIG’s forward thinking in adopting autonomous, resident, persistent, and AI-capable ocean security technologies, to address the needs and requirements of the UAE Armed Forces with drone and swarming capabilities across multiple domains, including maritime missions."

For additional information about OPT and its services, please visit our website Ocean Power Technologies.

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® autonomous surface vessels (ASVs) and marine robotics services. The Company’s headquarters is 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 ultimate commercial success of the RIG partnership and 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.



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Looking over the last PR regarding the $2 mil purchase order. It's a new partnership and an initial order. Tells me more to follow imo.
Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced a new partnership, with an initial $2 million of purchase orders in Latin America. The purchase orders are for OPT’s Next Generation PowerBuoys®, which utilize a combination of wave, solar, and wind power generation

OPTT....................................https://stockcharts.com/h-sc/ui?s=OPTT&p=W&b=5&g=0&id=p86431144783

In .70 out at .77 nice news 

OPTT news .70

Time to load up! It's a big float hit bottom today !

OPTT !! READ BETWEEN THE LINES ! ARE YOU READY !

https://www.news.uscg.mil/Press-Releases/Article/4035591/coast-guard-announces-immediate-action-in-support-of-presidential-executive-ord/

https://www.reddit.com/r/OceanPower/comments/1hpqxxu/10_reasons_to_buy_optt_right_now/?chainedPosts=t3_1i799us

OPTT !! I'M SO BULLISH -IT UNREAL !! We need TRUMP !! This is a ROCKET JUST HANG-ON !=============:>>>>>>>>>>>>>>BOOOM ! Im so- excited.....so .....excited.....TRUMP.....LOVE-IT!!....If im lying........im dying !!

OPTT, very Bullish!!!!! $2.00 coming I believe

OPTT !! GOING HIGHER ! Hang tight !! .....if im lying ......,..im dying !!

OPTT ! THEY DONT QUIT ! RCA# Got a lawsuit along with RGT# yesterday these mean nothing . Stay long an strong ......if im lying .....im dying !!

$OPTT, they sure have been quiet lately.

OPTT.....................https://stockcharts.com/h-sc/ui?s=OPTT&p=W&b=5&g=0&id=p86431144783

pump & dump?

optt......................https://stockcharts.com/h-sc/ui?s=optt&p=W&b=5&g=0&id=p86431144783

$OPTT Amazing and they are going to report being profitable soon.

optt...........................https://stockcharts.com/h-sc/ui?s=optt&p=W&b=5&g=0&id=p86431144783

I appreciate the heads-up Glenn. I was out of this when you posted. Thanks. You got another follower.

Golden cross on the daily.

optt........................https://stockcharts.com/h-sc/ui?s=optt&p=W&b=5&g=0&id=p86431144783

OPTT...........................https://stockcharts.com/h-sc/ui?s=OPTT&p=W&b=5&g=0&id=p86431144783

$OPTT from today's pr, deployment in early 2025 alongside the Technology Showcase NPS is hosting in January. Could be a big deal imo.

The Naval Innovation Center at NPS will provide a capability unavailable elsewhere in the DOD for industry and academic partners to work side-by-side with NPS' 1500+ operational students and expert faculty to solve the unique challenges facing the DOD in a collaborative, applied and classified setting. The facility will enable concept to capability through the latest technologies to prototype, iterate, test and deliver solutions into the hands of the warfighter at speed and scale.

Combining the latest in architectural initiatives and immersive technology, the Naval Innovation Center at NPS will be an incubator for advanced warfighting solutions up to the classified level. NPS is at the nexus of academia, industry and the DOD making the organization the ideal place to develop, foster and lead a culture of innovation within the Department of Defense. Investing in the Naval Innovation Center today will yield highly impactful warfighting dividends, essential to U.S. security in the 21st century.

OPTT, 10Q due 12/16 per Seeking Alpha weekend report

OPTT....................................https://stockcharts.com/h-sc/ui?s=OPTT&p=W&b=5&g=0&id=p86431144783

Heere we go! 🎅

Finally Justice!

OPTT......................https://stockcharts.com/h-sc/ui?s=OPTT&p=W&b=5&g=0&id=p86431144783

good deal !

December will be a massive turning point here starting Monday. Loading up as much as I can by Friday

Well about a year ago they said they expected to be profitable about now so I would call that a pretty big deal. I think folks are also expecting other things to be exposed in the actual 10q on the 16th or on the conf call the morning of the 17th. Guess we'll see my friend.

OPTT........................https://stockcharts.com/h-sc/ui?s=OPTT&p=W&b=5&g=0&id=p86431144783

Red Cat & OPT = WinWin!!!!!!!!!!!!!

Today was a huge day in both price and volume for OPTT. I did not see any news. This buying is not simply anticipation of the prospective earnings report.

No complaints, but also wondering what is driving this.

The company put out the PR on 18 Nov so I guess we'll see Monday in a/hs.
Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: 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.

yeah but is that correct on Yahoo where less than 3%^ held by insiders? doesn't give me a warm fuzzy feeling.

OPTT..............................https://stockcharts.com/h-sc/ui?s=OPTT&p=W&b=5&g=0&id=p86431144783

$OPTT early earnings report update on 2 Dec.

Schwab has $OPTT institutional ownership up approx 11%.

$OPTT, another follow on $1,000,000 contract with Naval Information Warfare Center Pacific’s Project Overmatch’ Mission

$OPTT has so many irons in the fire it wouldn't surprise me to see someone try and buy them out. Jmo.

pumpie what happend.... sinking

GREAT OUTLOOK FOR 2025 = PROFITABILTY!!!!!!!!!!!!!!!!!!!!

Try this again. 7 days to fins and conf call the following morning.

NEW ORDER FOR MIDDLE EAST!!!!!!!!!!!!!!!!!!!!!!

OPTT = DEFENSE & MARITIME SECURITY!!!!!!!!!!!!!!!!!!!

OPTT....................https://stockcharts.com/h-sc/ui?s=OPTT&p=W&b=5&g=0&id=p86431144783

go time

Weeeee