{"id":1013402,"date":"2026-10-26T09:08:06","date_gmt":"2026-10-26T13:08:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ocean-power-technologies-and-stratum-holdings-sign-letter-of-intent-for-proposed-strategic-collaboration-to-demonstrate-offshore-renewable-powered-data-center-assets\/"},"modified":"2026-10-26T09:08:06","modified_gmt":"2026-10-26T13:08:06","slug":"ocean-power-technologies-and-stratum-holdings-sign-letter-of-intent-for-proposed-strategic-collaboration-to-demonstrate-offshore-renewable-powered-data-center-assets","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ocean-power-technologies-and-stratum-holdings-sign-letter-of-intent-for-proposed-strategic-collaboration-to-demonstrate-offshore-renewable-powered-data-center-assets\/","title":{"rendered":"Ocean Power Technologies and Stratum Holdings Sign Letter of Intent for Proposed Strategic Collaboration to Demonstrate Offshore Renewable-Powered Data Center Assets"},"content":{"rendered":"<h2>\nCompanies to combine OPT\u2019s PowerBuoy\u00ae platforms and patent portfolio with Stratum\u2019s GPU infrastructure to advance edge AI inference powered by wave, wind, and solar energy<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p>MONROE TOWNSHIP, N.J. and CELEBRATION, Fla., Oct.  26, 2026  (GLOBE NEWSWIRE) &#8212; Ocean Power Technologies, Inc. (NYSE American: OPTT) (\u201cOPT\u201d) and Stratum Holdings Corp. (NASDAQ: SRTM) (\u201cStratum\u201d) today announced that they have entered into a non-binding letter of intent (the \u201cLOI\u201d) for a proposed strategic collaboration to demonstrate offshore data center assets powered by renewable wave, wind, and solar energy.<\/p>\n<p>The LOI contemplates that OPT and Stratum negotiate definitive agreements pursuant to which OPT would grant Stratum a limited, non-exclusive license to certain of its PowerBuoy\u00ae patents for use in the demonstration program and make available certain prototype PowerBuoy\u00ae assets currently on hand, and Stratum would make available certain GPU assets, including its latest generation\u00a0NVIDIA B300 GPUs, and related integration expertise. Stratum would also pay OPT a monthly retainer under the terms of the definitive agreements. The proposed strategic collaboration would focus on integrating OPT\u2019s PowerBuoy\u00ae platforms with Stratum\u2019s high-performance compute hardware to validate the technical feasibility of hosting edge AI inference and related workloads on systems powered primarily by onboard renewable generation, without a power umbilical to shore.<\/p>\n<p>OPT holds more than 60 issued patents worldwide relating to its PowerBuoy\u00ae technology, including more than 15 in the U.S., covering buoy architecture, energy conversion, power take-off, control systems, mooring and anchoring, autonomous charging interfaces, communications, and related systems. These patents form the foundation of the PowerBuoy\u00ae platform, which is designed to deliver persistent, renewable power and real-time communications in remote marine environments.<\/p>\n<p>Cooling accounts for a significant portion of power consumption in conventional data centers. OPT and Stratum believe that positioning PowerBuoy\u00ae-based systems in cooler regions of the ocean could reduce this cooling-related power demand, although this has not yet been demonstrated and will be among the matters tested in the proposed demonstration program.<\/p>\n<p>\u201cThis proposed strategic collaboration aligns with OPT\u2019s mission to deliver persistent renewable power and technology integration for critical offshore applications,\u201d said Tracy Pagliara, Acting President and Chief Executive Officer of Ocean Power Technologies. \u201cBy combining our patented PowerBuoy\u00ae technology with Stratum\u2019s GPU assets, we aim to demonstrate a practical path toward self-powered edge AI infrastructure that operates independently of shore-based power.\u201d<\/p>\n<p>\u201cStratum is focused on expanding high-performance compute capacity in new environments,\u201d said Nicholas H. Adler, Chief Executive Officer of Stratum Holdings. \u201cPartnering with OPT allows us to explore the potential of renewable-powered offshore platforms combined with our GPU assets for edge AI inference, where local processing can reduce bandwidth requirements and leverage the natural cooling advantages of the marine environment.\u201d<\/p>\n<p>The proposed strategic collaboration\u2019s initial efforts are expected to center on system integration, performance validation, and data collection from demonstration deployments. Results from the program, if any, may inform potential future commercial applications in maritime domain awareness, offshore energy monitoring, scientific sensing, and other remote edge-compute use cases.<\/p>\n<p>\n        <strong>About Ocean Power Technologies<\/strong>\n      <\/p>\n<p>Ocean Power Technologies, Inc. (NYSE American: OPTT) provides intelligent maritime systems and services for defense and security, offshore energy, science and research, and offshore wind. Its PowerBuoy\u00ae platforms deliver clean, renewable power and real-time data communications for remote maritime and subsea applications. The company also offers the WAM-V\u00ae autonomous surface vehicle and Merrows\u2122 software for multi-domain awareness. For more information, visit www.oceanpowertechnologies.com.<\/p>\n<p>\n        <strong>About Stratum Holdings<\/strong>\n      <\/p>\n<p>Stratum Holdings Corp. (NASDAQ: SRTM) is an AI infrastructure company focused on GPU leasing and high-performance compute capacity. The company is transitioning from legacy real estate operations to provide scalable compute solutions supporting artificial intelligence workloads. For more information, visit www.stratumholdingscorp.com.<\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p>This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those anticipated, including the risk that the parties do not negotiate or execute definitive agreements on the terms described or at all; the non-binding nature of the LOI and the ability of either party to terminate discussions; the failure to obtain required board, regulatory, or stockholder approvals; the potential dilution to Stratum stockholders from any issuance of shares as payment of the retainer; the value and liquidity of potential Stratum common stock received by OPT, including restrictions on resale pending registration; the parties\u2019 ability to fund and complete the demonstration program on the anticipated timeline or at all; risks related to the successful integration of technologies, technical performance of demonstration systems, regulatory approvals, and market adoption; and other factors described in the companies\u2019 filings with the Securities and Exchange Commission, including their most recent Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. Neither company undertakes any obligation to update these forward-looking statements, except as required by law.<\/p>\n<p>\n        <strong>Media Contacts<\/strong>\n      <\/p>\n<p>\n        <strong>Ocean Power Technologies<\/strong><br \/>\n        <br \/>Investors: 609-730-0400 x401 or InvestorRelations@oceanpowertech.com<br \/>Media: 609-730-0400 x402 or MediaRelations@oceanpowertech.com<\/p>\n<p>\n        <strong>Stratum Holdings<\/strong>\n      <\/p>\n<p>Crescendo Communications, LLC<br \/>srtm@crescendo-ir.com | (212) 671-1020<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg1MjYxNSM3OTE0NjQ4IzIwMDY5MTQ=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/YmRjMzQ1YzQtN2YyNS00MWI5LWFhMTQtNTE1NDhhZDU4NzZmLTEwMTg0ODctMjAyNi0xMC0yNi1lbg==\/tiny\/Ocean-Power-Technologies-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Companies to combine OPT\u2019s PowerBuoy\u00ae platforms and patent portfolio with Stratum\u2019s GPU infrastructure to advance edge AI inference powered by wave, wind, and solar energy MONROE TOWNSHIP, N.J. and CELEBRATION, Fla., Oct. 26, 2026 (GLOBE NEWSWIRE) &#8212; Ocean Power Technologies, Inc. (NYSE American: OPTT) (\u201cOPT\u201d) and Stratum Holdings Corp. (NASDAQ: SRTM) (\u201cStratum\u201d) today announced that they have entered into a non-binding letter of intent (the \u201cLOI\u201d) for a proposed strategic collaboration to demonstrate offshore data center assets powered by renewable wave, wind, and solar energy. The LOI contemplates that OPT and Stratum negotiate definitive agreements pursuant to which OPT would grant Stratum a limited, non-exclusive license to certain of its PowerBuoy\u00ae patents for use in the demonstration program and make &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ocean-power-technologies-and-stratum-holdings-sign-letter-of-intent-for-proposed-strategic-collaboration-to-demonstrate-offshore-renewable-powered-data-center-assets\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Ocean Power Technologies and Stratum Holdings Sign Letter of Intent for Proposed Strategic Collaboration to Demonstrate Offshore Renewable-Powered Data Center Assets&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1013402","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ocean Power Technologies and Stratum Holdings Sign Letter of Intent for Proposed Strategic Collaboration to Demonstrate Offshore Renewable-Powered Data Center Assets - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ocean-power-technologies-and-stratum-holdings-sign-letter-of-intent-for-proposed-strategic-collaboration-to-demonstrate-offshore-renewable-powered-data-center-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ocean Power Technologies and Stratum Holdings Sign Letter of Intent for Proposed Strategic Collaboration to Demonstrate Offshore Renewable-Powered Data Center Assets - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Companies to combine OPT\u2019s PowerBuoy\u00ae platforms and patent portfolio with Stratum\u2019s GPU infrastructure to advance edge AI inference powered by wave, wind, and solar energy MONROE TOWNSHIP, N.J. and CELEBRATION, Fla., Oct. 26, 2026 (GLOBE NEWSWIRE) &#8212; Ocean Power Technologies, Inc. (NYSE American: OPTT) (\u201cOPT\u201d) and Stratum Holdings Corp. (NASDAQ: SRTM) (\u201cStratum\u201d) today announced that they have entered into a non-binding letter of intent (the \u201cLOI\u201d) for a proposed strategic collaboration to demonstrate offshore data center assets powered by renewable wave, wind, and solar energy. The LOI contemplates that OPT and Stratum negotiate definitive agreements pursuant to which OPT would grant Stratum a limited, non-exclusive license to certain of its PowerBuoy\u00ae patents for use in the demonstration program and make &hellip; Continue reading &quot;Ocean Power Technologies and Stratum Holdings Sign Letter of Intent for Proposed Strategic Collaboration to Demonstrate Offshore Renewable-Powered Data Center Assets&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/ocean-power-technologies-and-stratum-holdings-sign-letter-of-intent-for-proposed-strategic-collaboration-to-demonstrate-offshore-renewable-powered-data-center-assets\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-10-26T13:08:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg1MjYxNSM3OTE0NjQ4IzIwMDY5MTQ=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ocean-power-technologies-and-stratum-holdings-sign-letter-of-intent-for-proposed-strategic-collaboration-to-demonstrate-offshore-renewable-powered-data-center-assets\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ocean-power-technologies-and-stratum-holdings-sign-letter-of-intent-for-proposed-strategic-collaboration-to-demonstrate-offshore-renewable-powered-data-center-assets\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Ocean Power Technologies and Stratum Holdings Sign Letter of Intent for Proposed Strategic Collaboration to Demonstrate Offshore Renewable-Powered Data Center Assets\",\"datePublished\":\"2026-10-26T13:08:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ocean-power-technologies-and-stratum-holdings-sign-letter-of-intent-for-proposed-strategic-collaboration-to-demonstrate-offshore-renewable-powered-data-center-assets\\\/\"},\"wordCount\":852,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ocean-power-technologies-and-stratum-holdings-sign-letter-of-intent-for-proposed-strategic-collaboration-to-demonstrate-offshore-renewable-powered-data-center-assets\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTg1MjYxNSM3OTE0NjQ4IzIwMDY5MTQ=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ocean-power-technologies-and-stratum-holdings-sign-letter-of-intent-for-proposed-strategic-collaboration-to-demonstrate-offshore-renewable-powered-data-center-assets\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ocean-power-technologies-and-stratum-holdings-sign-letter-of-intent-for-proposed-strategic-collaboration-to-demonstrate-offshore-renewable-powered-data-center-assets\\\/\",\"name\":\"Ocean Power Technologies and Stratum Holdings Sign Letter of Intent for Proposed Strategic Collaboration to Demonstrate Offshore Renewable-Powered Data Center Assets - 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(NYSE American: OPTT) (\u201cOPT\u201d) and Stratum Holdings Corp. (NASDAQ: SRTM) (\u201cStratum\u201d) today announced that they have entered into a non-binding letter of intent (the \u201cLOI\u201d) for a proposed strategic collaboration to demonstrate offshore data center assets powered by renewable wave, wind, and solar energy. The LOI contemplates that OPT and Stratum negotiate definitive agreements pursuant to which OPT would grant Stratum a limited, non-exclusive license to certain of its PowerBuoy\u00ae patents for use in the demonstration program and make &hellip; Continue reading \"Ocean Power Technologies and Stratum Holdings Sign Letter of Intent for Proposed Strategic Collaboration to Demonstrate Offshore Renewable-Powered Data Center Assets\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/ocean-power-technologies-and-stratum-holdings-sign-letter-of-intent-for-proposed-strategic-collaboration-to-demonstrate-offshore-renewable-powered-data-center-assets\/","og_site_name":"Market Newsdesk","article_published_time":"2026-10-26T13:08:06+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg1MjYxNSM3OTE0NjQ4IzIwMDY5MTQ=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ocean-power-technologies-and-stratum-holdings-sign-letter-of-intent-for-proposed-strategic-collaboration-to-demonstrate-offshore-renewable-powered-data-center-assets\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ocean-power-technologies-and-stratum-holdings-sign-letter-of-intent-for-proposed-strategic-collaboration-to-demonstrate-offshore-renewable-powered-data-center-assets\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Ocean Power Technologies and Stratum Holdings Sign Letter of Intent for Proposed Strategic Collaboration to Demonstrate Offshore Renewable-Powered Data Center Assets","datePublished":"2026-10-26T13:08:06+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ocean-power-technologies-and-stratum-holdings-sign-letter-of-intent-for-proposed-strategic-collaboration-to-demonstrate-offshore-renewable-powered-data-center-assets\/"},"wordCount":852,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ocean-power-technologies-and-stratum-holdings-sign-letter-of-intent-for-proposed-strategic-collaboration-to-demonstrate-offshore-renewable-powered-data-center-assets\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg1MjYxNSM3OTE0NjQ4IzIwMDY5MTQ=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ocean-power-technologies-and-stratum-holdings-sign-letter-of-intent-for-proposed-strategic-collaboration-to-demonstrate-offshore-renewable-powered-data-center-assets\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/ocean-power-technologies-and-stratum-holdings-sign-letter-of-intent-for-proposed-strategic-collaboration-to-demonstrate-offshore-renewable-powered-data-center-assets\/","name":"Ocean Power Technologies and Stratum Holdings Sign Letter of Intent for Proposed Strategic Collaboration to Demonstrate Offshore Renewable-Powered Data Center Assets - 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