Ocean Power Technologies

Combines stationary PowerBuoy platforms, mobile WAM-V uncrewed surface vessels, and Merrows command-and-control software for offshore power, sensing, communications, and maritime-domain awareness. Its hardware supports third-party payloads, while the software fuses feeds from buoys, vessels, and other sensors.

Generates revenue by selling hardware, engineering, integration, deployment, monitoring, maintenance, and support, as well as through data, robotics, and power service models. Customers span U.S. and allied defense and intelligence, coastal security, offshore energy, ports, infrastructure, science, research, environmental monitoring, and hydrographic survey across international markets.

Operates from a U.S.-centered assembly and robotics base, with a single operating segment. Offshore deployment depends on permitting and evolving autonomous-vessel rules, while classified work depends on maintaining its facility security clearance.