{"id":834427,"date":"2025-04-07T08:19:32","date_gmt":"2025-04-07T12:19:32","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ocean-power-technologies-highlights-supply-chain-resilience-amid-global-uncertainty\/"},"modified":"2025-04-07T08:19:32","modified_gmt":"2025-04-07T12:19:32","slug":"ocean-power-technologies-highlights-supply-chain-resilience-amid-global-uncertainty","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ocean-power-technologies-highlights-supply-chain-resilience-amid-global-uncertainty\/","title":{"rendered":"Ocean Power Technologies Highlights Supply Chain Resilience\u00a0Amid Global Uncertainty"},"content":{"rendered":"

\nMajority Domestic Supply Chain Enables Operational\u00a0Continuity and Competitive Advantage
\n<\/h2>\n
\n

MONROE TOWNSHIP, N.J., April 07, 2025 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (“OPT” or the “Company”) (NYSE American: OPTT), a leader in innovative and sustainable ocean energy solutions, today announced that it remains fully operational and strategically positioned to navigate ongoing global supply chain challenges, thanks to its majority domestic supply chain and resilient workforce.<\/p>\n

In light of recent global developments impacting international logistics and raw material availability, OPT confirms that its current inventory levels and procurement practices remain unaffected. The Company does not anticipate any material impact on inventory costs and continues to fulfill customer commitments on schedule.<\/p>\n

\u201cOur strong domestic supply chain is a key differentiator for OPT, particularly in times of global economic uncertainty,\u201d said Philipp Stratmann, President and CEO of OPT. \u201cWe are proud to maintain a\u00a0fully U.S.-based workforce, consisting of over 20% veterans, while continuing to collaborate effectively with our international partners. This structure enables us to remain agile, responsive, and competitive across both the defense and commercial energy sectors.\u201d
Demand for dual-use technologies that serve both defense and renewable energy applications is increasing in both domestic and international markets. OPT\u2019s supply chain strategy and operational footprint are designed to meet this demand while maintaining high standards of quality, security, and delivery performance.<\/p>\n

Stratmann added, \u201cOur commitment to U.S. manufacturing and engineering excellence is central to our ability to support mission-critical applications for customers around the world.\u201d<\/p>\n

For additional information about OPT, please visit our website Ocean Power Technologies<\/a>.<\/p>\n

\n ABOUT OCEAN POWER TECHNOLOGIES<\/strong>\n <\/p>\n

OPT provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets, including Merrows\u2122, which provides AI capable seamless integration of Maritime Domain Awareness Systems across platforms. Our PowerBuoy\u00ae platforms provide clean and reliable electric power and real-time data communications for remote maritime and subsea applications. We also provide WAM-V\u00ae autonomous surface vessels (ASVs) and marine robotics services. The Company\u2019s headquarters is in Monroe Township, New Jersey, with an additional office in Richmond, California. To learn more about OPT\u2019s groundbreaking products, services and solutions, visit\u00a0www.OceanPowerTechnologies.com<\/a>.<\/p>\n

\n FORWARD-LOOKING STATEMENTS<\/strong>\n <\/p>\n

This release may contain forward-looking statements that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by certain words or phrases such as “may”, “will”, “aim”, “will likely result”, “believe”, “expect”, “will continue”, “anticipate”, “estimate”, “intend”, “plan”, “contemplate”, “seek to”, “future”, “objective”, “goal”, “project”, “should”, “will pursue” and similar expressions or variations of such expressions. These forward-looking statements reflect the Company’s current expectations about its future plans and performance. These forward-looking statements rely on a number of assumptions and estimates that could be inaccurate and subject to risks and uncertainties, including OPT\u2019s continuing ability to successfully navigate the new macroeconomic environment of competing reciprocal worldwide tariffs and related product pricing and supply chain impacts, the delivery of customer services, the conversion of potential customers to contracts and the realization of the potential revenue thereunder. Actual results could vary materially from those anticipated or expressed in any forward-looking statement made by the Company. Please refer to the Company’s most recent Forms 10-Q and 10-K and subsequent filings with the U.S. Securities and Exchange Commission for further discussion of these risks and uncertainties. The Company disclaims any obligation or intent to update the forward-looking statements in order to reflect events or circumstances after the date of this release.<\/p>\n

\n Contact Information<\/strong>\n <\/p>\n

Investors: 203-561-6945 or investorrelations@oceanpowertech.com<\/a><\/p>\n

Media: 609-730-0400 x402 or MediaRelations@oceanpowertech.com<\/a><\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Majority Domestic Supply Chain Enables Operational\u00a0Continuity and Competitive Advantage MONROE TOWNSHIP, N.J., April 07, 2025 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (“OPT” or the “Company”) (NYSE American: OPTT), a leader in innovative and sustainable ocean energy solutions, today announced that it remains fully operational and strategically positioned to navigate ongoing global supply chain challenges, thanks to its majority domestic supply chain and resilient workforce. In light of recent global developments impacting international logistics and raw material availability, OPT confirms that its current inventory levels and procurement practices remain unaffected. The Company does not anticipate any material impact on inventory costs and continues to fulfill customer commitments on schedule. \u201cOur strong domestic supply chain is a key differentiator for OPT, … <\/p>\n

Continue reading “Ocean Power Technologies Highlights Supply Chain Resilience\u00a0Amid Global Uncertainty”<\/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-834427","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nOcean Power Technologies Highlights Supply Chain Resilience\u00a0Amid Global Uncertainty - 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-highlights-supply-chain-resilience-amid-global-uncertainty\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ocean Power Technologies Highlights Supply Chain Resilience\u00a0Amid Global Uncertainty - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Majority Domestic Supply Chain Enables Operational\u00a0Continuity and Competitive Advantage MONROE TOWNSHIP, N.J., April 07, 2025 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (“OPT” or the “Company”) (NYSE American: OPTT), a leader in innovative and sustainable ocean energy solutions, today announced that it remains fully operational and strategically positioned to navigate ongoing global supply chain challenges, thanks to its majority domestic supply chain and resilient workforce. In light of recent global developments impacting international logistics and raw material availability, OPT confirms that its current inventory levels and procurement practices remain unaffected. The Company does not anticipate any material impact on inventory costs and continues to fulfill customer commitments on schedule. \u201cOur strong domestic supply chain is a key differentiator for OPT, … Continue reading "Ocean Power Technologies Highlights Supply Chain Resilience\u00a0Amid Global Uncertainty"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/ocean-power-technologies-highlights-supply-chain-resilience-amid-global-uncertainty\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-07T12:19:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQxNzU4MCM2ODUyODkzIzIwMDY5MTQ=\" \/>\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=\"3 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-highlights-supply-chain-resilience-amid-global-uncertainty\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ocean-power-technologies-highlights-supply-chain-resilience-amid-global-uncertainty\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Ocean Power Technologies Highlights Supply Chain Resilience\u00a0Amid Global Uncertainty\",\"datePublished\":\"2025-04-07T12:19:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ocean-power-technologies-highlights-supply-chain-resilience-amid-global-uncertainty\\\/\"},\"wordCount\":617,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ocean-power-technologies-highlights-supply-chain-resilience-amid-global-uncertainty\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTQxNzU4MCM2ODUyODkzIzIwMDY5MTQ=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ocean-power-technologies-highlights-supply-chain-resilience-amid-global-uncertainty\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ocean-power-technologies-highlights-supply-chain-resilience-amid-global-uncertainty\\\/\",\"name\":\"Ocean Power Technologies Highlights Supply Chain Resilience\u00a0Amid Global Uncertainty - 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