Ocean Power Technologies

Ocean Power Technologies filed the late annual report on Form 10-K for the fiscal year ended April 30, 2026, with the SEC, thereby restoring compliance with NYSE American listing standards. The company cured the filing delinquency within five days of receiving a notice of non-compliance and, under NYSE rules, had until Feb. 13, 2027 to remedy the deficiency. » More on de.investing.com

Ocean Power Technologies bought the subsea wave-power IP portfolio from Columbia Wave Power, enabling it to extend capabilities from surface maritime systems to seabed infrastructure for powering underwater sensors, robotics and junction boxes. The deal complements existing buoy deployments and creates a more complete operational infrastructure layer. FY26 included the company’s largest deployment and a recurring-revenue contract of about $6.5 million with the US Coast Guard; management plans to grow recurring revenue and accelerate backlog conversion in FY27 while continuing work with US government agencies. » More on finance.yahoo.com

Ocean Power Technologies attained Cybersecurity Maturity Model Certification Level 2, enabling it to bid for US Department of Defense contracts and other federal programs handling Controlled Unclassified Information. The company said the certification supports its expanding work in maritime intelligence, autonomous systems and maritime security and improves its competitiveness for more sensitive defense missions. OPT noted evolving cybersecurity requirements for defense programs and framed the milestone as an investment in capabilities demanded by government customers. » More on finance.yahoo.com