Ocean Power Technologies, Inc. (OPTT)

0.2100 -0.0009 (-0.43%) At close: 04:00PM EDT

Ocean Power Technologies, Inc.

28 Engelhard Drive
Suite B
Monroe Township, NJ 08831
United States
609 730 0400
https://www.oceanpowertechnologies.com

Sector(s): Industrials
Industry: Specialty Industrial Machinery
Full Time Employees: 72

Key Executives

Name	Title	Pay	Exercised	Year Born
Dr. Philipp Stratmann	CEO, President & Director	548.58k	N/A	1980
Mr. Robert Patrick Powers	Senior VP & CFO	390.21k	N/A	1971
Mr. Joseph DiPietro	Principal Accounting Officer, Corporate Controller & Treasurer	222.78k	N/A	1966
Nicholas Day	General Counsel & Secretary	N/A	N/A	N/A
Mr. Jeff Wiener	Vice President of Global Sales	N/A	N/A	N/A
Mr. Matthew Burdyny	Chief Commercial Officer	N/A	N/A	1983

Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Ocean Power Technologies, Inc. develops and commercializes proprietary power platforms that generate electricity by harnessing the renewable energy of ocean waves in North America, South America, Australia, and Asia. It offers PB3 PowerBuoy that generates power for use independent of the power grid in offshore locations. The company also provides Next Generation PowerBuoy; subsea battery systems; and software, controls, sensors, integration services, and marine installation services. In addition, it offers Wave Adaptive Modular Vessel (WAM-V) technology, which enables roaming capabilities for uncrewed maritime systems in waters; leases WAM-V robotics and access information; maritime domain awareness solutions; and strategic consulting services. Further, the company provides offshore data collection, integration, analytics, and real time communication for various applications. It serves public and private entities, and agencies that require remote offshore power. Ocean Power Technologies, Inc. was incorporated in 1984 and is headquartered in Monroe Township, New Jersey.

Corporate Governance

Ocean Power Technologies, Inc.’s ISS Governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.