8-K - Ocean Power Technologies, Inc. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Ocean Power Technologies, Inc. announced the shipment of the first PowerBuoy® system under its previously announced $6.5M contract with the U.S. Department of Homeland Security on March 24, 2026. This milestone marks the transition from system development to operational deployment off the coast of California for U.S. Coast Guard maritime domain awareness.

Key Takeaways

1Shipment of first PowerBuoy® system on March 24, 2026

2$6.5M contract with U.S. Department of Homeland Security

3Supports U.S. Coast Guard maritime domain awareness operations

4Deployment off the coast of California

5Integration with Anduril’s systems progressing

6Key milestone in DHS program execution

Current Report Details

Event Type

Other Event

Exhibits Only

Disclosure

Voluntary

Variant

8-K

Items Reported

8.01

Other Events. On March 24, 2026, Ocean Power Technologies, Inc. (the “Company”) issued a press release announcing the shipment of the first PowerBuoy® system un

Other Event

9.01

Financial Statements and Exhibits. Exhibits 99.1 Press release dated March 24, 2026. 104 Cover Page Interactive Data File (embedded within the Inline XBRL docum

Exhibits Only

Source Document

Exhibits (2)

8-K

99.1

EX-99.1