OPTT - Ocean Power Technologies Inc Stock Price & Dividend Safety Sector: Industrials | Exchange: New York Stock Exchange Arca Current Price & Safety Score Price: 0.68 USD StockBonds Safety Grade: Altman Z-Score (Bankruptcy Risk): -18.33 StockBond Score: -5.36 Company Description Ocean Power Technologies Inc OPTT is a company dedicated to creating and deploying exclusive technologies that convert the sustainable power of ocean waves into electricity The firm operates globally with a presence in North America South America Europe and Asia A primary offering is their PB3 PowerBuoy system engineered to provide autonomous power generation for remote offshore locations independent of traditional electrical grids Beyond this OPTTs product line includes hybrid PowerBuoy solutions and subsea battery systems They also furnish essential supporting services such as software development control systems sensor integration and expert marine installation The company extends its capabilities to deliver distributed offshore power and critical communication infrastructure for diverse remote surface and subsea applications These solutions cater to key sectors including defense and security the offshore oil and gas industry scientific research and offshore wind energy Furthermore OPTT offers its Wave Adaptive Modular Vessel WAMV technology which significantly enhances the mobility and operational range of uncrewed maritime systems This includes leasing WAMV robotics and providing access to associated information Their expertise also covers maritime domain awareness solutions and strategic consulting Finally the company provides a comprehensive suite of offshore data services encompassing collection integration analysis and realtime communication for various purposes OPTT primarily serves a diverse client base of both governmental agencies and private organizations that require dependable power solutions in distant marine environments Established in 1984 Ocean Power Technologies Inc is headquartered in Monroe Township New Jersey