Ocean Power Technologies, Inc. is a renewable energy company that is turning the power of ocean waves into electricity. The firm has a presence in North America, South America, Europe, and Asia by developing and commercializing proprietary systems that generate electricity. Its PB3 PowerBuoy system can generate electricity for use independent of the power grid in offshore locations. The energy company also offers hybrid PowerBuoy products, subsea battery systems, software, controls, sensors, integration services, and marine installation services. The firm provides distributed offshore power and communications for remote surface and subsea applications in various markets, such as defense and security, offshore oil and gas, science and research, and offshore wind. Additionally, it provides Wave Adaptive Modular Vessel (WAM-V) technology that allows for roaming capabilities for uncrewed maritime systems in waters, and offers offshore data collection, integration, analytics, and real-time communication for various applications. The aim of the company is to serve public and private entities, and agencies that require remote offshore power. Founded in 1984, the Ocean Power Technologies, Inc. is headquartered in Monroe Township, New Jersey.
Ocean Power's ticker is OPTT
The company's shares trade on the NASDAQ stock exchange
They are based in Pennington, New Jersey
There are 11-50 employees working at Ocean Power
It is oceanpowertechnologies.com
Ocean Power is in the Industrial Goods sector
Ocean Power is in the Diversified Machinery industry
The following five companies are Ocean Power's industry peers: