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Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

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Ocean Power Technologies / Equity Bottom-Up

<ul><li>This week, OPT announced that three PowerBuoy® systems are actively deployed off the coast of California in support of US Department of Homeland Security (DHS) maritime surveillance operations, with all three units simultaneously streaming real-time offshore data. </li><li>One of the PowerBuoys is operating in water depths exceeding 1,000 meters—a meaningful technical milestone demonstrating deep-water capability. </li><li>The systems are integrated with Anduril Industries’ Lattice command and control platform, and each buoy carries its own AI-capable decision-making software from OPT’s Merrows™ suite. </li></ul>

This week, OPT announced that three PowerBuoy® systems are actively deployed off the coast of California in support of US Department of Homeland Security (DHS) maritime surveillance operations, with all three units simultaneously streaming real-time offshore data. One of the PowerBuoys is operating in water depths exceeding 1,000 meters—a meaningful technical milestone demonstrating deep-water capability. The systems are integrated with Anduril Industries’ Lattice command and control platform, and each buoy carries its own AI-capable decision-making software from OPT’s Merrows™ suite. 

OPTT: Three PowerBuoys Streaming Simultaneously Off California

<ul><li>OPT’s competitive edge comes in part from integration, not any single product. </li><li>The company’s PowerBuoys serve as persistent offshore nodes for data gathering, communications, and power, while its maritime drones can be tasked for targeted missions based on that intelligence.</li><li>Together, these systems create what Stratmann described as “a force multiplier to enable you to do way more at a much lower price point.” </li></ul>

OPT’s competitive edge comes in part from integration, not any single product. The company’s PowerBuoys serve as persistent offshore nodes for data gathering, communications, and power, while its maritime drones can be tasked for targeted missions based on that intelligence.Together, these systems create what Stratmann described as “a force multiplier to enable you to do way more at a much lower price point.” 

OPTT: WTR Insights Conference - CEO on Maritime Drone Growth and $160+ Million Pipeline

<ul><li>Ocean Power Technologies, Inc. (OPT) reported 3QFY26 results and hosted an earnings call with analysts (see inside this report for summary for analyst Q&amp;A).</li><li>OPT is an integrated provider of ocean intelligence solutions, combining PowerBuoy® persistent power stations, WAM-V® unmanned surface vehicles (USVs), and the AI-capable Merrows™ command and control system.</li><li>This integrated approach addresses critical gaps in maritime domain awareness for defense, offshore energy, and ocean research markets in the US as well as overseas.</li></ul>

Ocean Power Technologies, Inc. (OPT) reported 3QFY26 results and hosted an earnings call with analysts (see inside this report for summary for analyst Q&amp;A).OPT is an integrated provider of ocean intelligence solutions, combining PowerBuoy® persistent power stations, WAM-V® unmanned surface vehicles (USVs), and the AI-capable Merrows™ command and control system.This integrated approach addresses critical gaps in maritime domain awareness for defense, offshore energy, and ocean research markets in the US as well as overseas.

OPTT: 3QFY26 Results; Record $19.9-Million Backlog

<ul><li>Ocean Power Technologies (OPT) pre-released 3QFY26 results. </li><li>OPT is an integrated provider of ocean intelligence solutions, combining PowerBuoy® persistent power stations, Wave Adaptive Modular Vessel (WAM-V®) unmanned surface vehicles (USVs), and the AI-capable MERROWS™ command and control system.</li><li>This integrated approach addresses critical gaps in maritime domain awareness for defense, offshore energy, and ocean research markets in the US as well as overseas</li></ul>

Ocean Power Technologies (OPT) pre-released 3QFY26 results. OPT is an integrated provider of ocean intelligence solutions, combining PowerBuoy® persistent power stations, Wave Adaptive Modular Vessel (WAM-V®) unmanned surface vehicles (USVs), and the AI-capable MERROWS™ command and control system.This integrated approach addresses critical gaps in maritime domain awareness for defense, offshore energy, and ocean research markets in the US as well as overseas

OPTT: 3QFY26 Pre-Release; Backlog and Pipeline Surge to New Highs

<div><ul><li>OPT has started the year strong. This week, OPT announced a ~$1.5-million purchase order from the US Coast Guard (USCG) for the installation and deployment of buoy systems previously ordered. </li><li>This award completes the acquisition cycle for systems already under contract and marks the move to active field deployment.</li><li>OPT will execute deployment, commissioning, and operational activation of the buoys, which are expected to enter service shortly after installation. </li></ul></div>

OPT has started the year strong. This week, OPT announced a ~$1.5-million purchase order from the US Coast Guard (USCG) for the installation and deployment of buoy systems previously ordered. This award completes the acquisition cycle for systems already under contract and marks the move to active field deployment.OPT will execute deployment, commissioning, and operational activation of the buoys, which are expected to enter service shortly after installation. 

OPTT: Momentum Continues with New USCG Order and International Shipment

United States

Ocean Power Technologies, Inc. manufactures equipment that generates electricity from the motion of ocean waves. The Company develops wave energy technology and converts ocean waves energy into electricity. Ocean Power Technologies serves customers worldwide.

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Ocean Power Technologies (OPTT US)

OPTT: Three PowerBuoys Streaming Simultaneously Off California

The systems are integrated with Anduril Industries’ Lattice command and control platform, and each buoy carries its own AI-capable decision-making...

Water Tower Research

OPTT: WTR Insights Conference - CEO on Maritime Drone Growth and $160+ Million Pipeline

The company’s PowerBuoys serve as persistent offshore nodes for data gathering, communications, and power, while its maritime drones can be tasked...

Water Tower Research

OPTT: 3QFY26 Results; Record $19.9-Million Backlog

Ocean Power Technologies, Inc. (OPT) reported 3QFY26 results and hosted an earnings call with analysts (see inside this report for summary for...

Water Tower Research

OPTT: 3QFY26 Pre-Release; Backlog and Pipeline Surge to New Highs

This integrated approach addresses critical gaps in maritime domain awareness for defense, offshore energy, and ocean research markets in the US as...

Water Tower Research

OPTT: Momentum Continues with New USCG Order and International Shipment

OPT has started the year strong. This week, OPT announced a ~$1.5-million purchase order from the US Coast Guard (USCG) for the installation and...

Water Tower Research

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