OCEAN POWER TECHNOLOGIES INC (OPTT)

Company Profile

Ocean Power Technologies, Inc. engages in commercializing proprietary systems that generate electricity predominantly by harnessing the renewable energy of ocean waves. The company is headquartered in Monroe Township, New Jersey and currently employs 72 full-time employees. The company went IPO on 2003-10-31. The firm focuses on three major service areas: Data as a Service (DaaS), which includes data collected by its Wave Adaptive Modular Vessel (WAM-V) autonomous vehicles or its PowerBuoy product lines; Robotics as a Service (RaaS), which provides a lower cost subscription model for its customers to access use of its WAM-Vs, and Power as a Service (PaaS), which includes its PowerBuoy and subsea battery products. The firm's solutions are primarily suited to ocean and other offshore environments, and support generation of actionable intelligence on a standalone basis. The firm offers its products and services to a wide range of customers, including those in government and offshore energy, oil and gas, construction, wind power and other industries.

Company Info

OCEAN POWER TECHNOLOGIES INC

28 Engelhard Drive, Suite B

Monroe Township NEW JERSEY 08831

P: 16097300400

CEO: Philipp Stratmann

Employees: 72

Website: https://oceanpowertechnologies.com/