---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-036040"
form_type: "8-K"
ticker: "OPTT"
cik: "0001378140"
company_name: "Ocean Power Technologies, Inc."
filed_at: "2024-09-12T23:59:59+00:00"
generated_at: "2026-05-31T05:12:16.467206+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Ocean Power completes WAM-V delivery, readies PowerBuoy for Middle East, wins $1M Navy contract

## Summary
- Completed WAM-V USV build for Latin America survey customer; triggers revenue recognition of over $0.3M.
- AI-capable Merrows PowerBuoy readied for shipment to Middle East customer; revenue recognition milestone achieved.
- Awarded $1M follow-on contract as subcontractor to EpiSci for Naval Information Warfare Center Pacific's Project Overmatch.
- First MAPG exercises concluded, enabling immediate revenue recognition on the Navy contract.

## SEC filing metadata
- accession: 0001493152-24-036040
- form_type: 8-K
- ticker: OPTT
- cik: 0001378140
- company_name: Ocean Power Technologies, Inc.
- filed_at: 2024-09-12T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1378140/000149315224036040/0001493152-24-036040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1378140/000149315224036040/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-036040
- JSON: https://secwatch.observer/filing/0001493152-24-036040.json
- Plain text: https://secwatch.observer/filing/0001493152-24-036040.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.