Ocean Power Technologies, Inc.

Ocean Power Technologies (OPT) is a maritime domain awareness company that provides integrated autonomous platforms and services for persistent ocean monitoring and surveillance. Its core products—the PowerBuoy® renewable energy platform, the WAM-V® unmanned surface vehicle, and the Merrows™ command-and-control system—combine wave and renewable energy generation, autonomous vehicle operations, and advanced sensor integration to enable surveillance and data collection across inshore and offshore environments. The company monetizes through three service models: Data as a Service (DaaS) offering maritime intelligence collection; Robotics as a Service (RaaS) providing subscription-based access to autonomous vessels; and Power as a Service (PaaS) delivering renewable offshore power on a lease basis. OPT serves defense agencies, allied foreign militaries, commercial customers in offshore energy and port operations, and environmental monitoring applications globally, emphasizing capital-light, recurring revenue models and operational agility.