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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>FY26 was a defining year that turned capability into proof.</li><li>Stratmann described a year spent building and deploying buoy networks and drone fleets, noting the business is not software-as-a-service since every system must be built, installed, and operated.</li><li>Backlog finished the year at a record $19.8 million, up 58% Y/Y and more than five times annual 2026 revenue.</li></ul>

FY26 was a defining year that turned capability into proof.Stratmann described a year spent building and deploying buoy networks and drone fleets, noting the business is not software-as-a-service since every system must be built, installed, and operated.Backlog finished the year at a record $19.8 million, up 58% Y/Y and more than five times annual 2026 revenue.

OPTT: CEO on Proven Capability, Growing Backlog, and What Comes Next in 2027

<ul><li>Ocean Power Technologies, Inc. (NYSE: OPTT) is an integrated provider of ocean intelligence solutions, combining maritime drones, floating power and data systems, and AI-capable data processing.</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><li>FY26 marked a transformational year for OPT. Backlog hit a record $19.8 million, up 58% Y/Y, while the qualified sales pipeline grew to $142.3 million. </li></ul>

Ocean Power Technologies, Inc. (NYSE: OPTT) is an integrated provider of ocean intelligence solutions, combining maritime drones, floating power and data systems, and AI-capable data processing.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. FY26 marked a transformational year for OPT. Backlog hit a record $19.8 million, up 58% Y/Y, while the qualified sales pipeline grew to $142.3 million. 

OPTT: 4QFY26 Results; Record $19.8-Million Backlog (5x Revenue) Caps Transformational Year

<ul><li>Three integrated platforms define OPT’s value proposition. </li><li>OPT’s wave-energy-powered buoy, WAM-V marine drone (three sizes, $125K–400K), and proprietary AI software work in concert, with the buoy collecting persistent sensor data while the drone provides mobile interdiction capability.</li><li>OPT recently received a patent for drone docking and charging at the buoy, meaningfully extending mission endurance. </li></ul>

Three integrated platforms define OPT’s value proposition. OPT’s wave-energy-powered buoy, WAM-V marine drone (three sizes, $125K–400K), and proprietary AI software work in concert, with the buoy collecting persistent sensor data while the drone provides mobile interdiction capability.OPT recently received a patent for drone docking and charging at the buoy, meaningfully extending mission endurance. 

OPTT: Key Takeaways from WTR Insights Conference - CFO on Drones, Buoys, and the $160MM Pipeline

<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

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: CEO on Proven Capability, Growing Backlog, and What Comes Next in 2027

Stratmann described a year spent building and deploying buoy networks and drone fleets, noting the business is not software-as-a-service since...

Water Tower Research

OPTT: 4QFY26 Results; Record $19.8-Million Backlog (5x Revenue) Caps Transformational Year

Ocean Power Technologies, Inc. (NYSE: OPTT) is an integrated provider of ocean intelligence solutions, combining maritime drones, floating power...

Water Tower Research

OPTT: Key Takeaways from WTR Insights Conference - CFO on Drones, Buoys, and the $160MM Pipeline

Three integrated platforms define OPT’s value proposition. OPT’s wave-energy-powered buoy, WAM-V marine drone (three sizes, $125K–400K), and...

Water Tower Research

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

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