Ocean Power Technologies, Inc. (NYSE: OPTT) announced on July 29, 2026, that it has achieved Cybersecurity Maturity Model Certification (CMMC) Level 2 compliance. This certification strengthens the company's eligibility for U.S. Department of War contracts that require the protection of Controlled Unclassified Information (CUI). For shareholders, this milestone reduces barriers to entry for sensitive defense programs and supports the company's expansion in autonomous maritime systems.

The achievement reflects continued investment in cybersecurity infrastructure and secure operations. Jason Weed, Senior Vice President, Commercial Sales, stated that meeting evolving cybersecurity requirements has become an important part of doing business with the U.S. Government. He noted that this compliance demonstrates the capabilities defense customers expect from industry partners as OPT expands across maritime intelligence, autonomous systems, and maritime security.

Strategic Implications

Cybersecurity has become a foundational requirement across the defense industrial base. The Department of War continues to strengthen protections for sensitive information supporting national security missions. By achieving CMMC Level 2 compliance, Ocean Power Technologies demonstrates its commitment to maintaining the security, resilience, and operational integrity expected by government customers and partners.

This certification aligns with cybersecurity requirements applicable to a growing number of Department of War contracts. It further enhances the company's ability to pursue opportunities requiring the secure handling of sensitive information. The company views this milestone as strengthening its position to compete for new opportunities and support increasingly sensitive missions.

Operational Context

Ocean Power Technologies provides intelligent maritime solutions for defense, oil and gas, science and research, and offshore wind markets. Its portfolio includes Merrows, which provides AI capable seamless integration of Maritime Domain Awareness Systems, and PowerBuoy platforms that provide clean electric power and real-time data communications for remote maritime applications. The company also provides WAM-V autonomous surface vessels (ASVs) and marine robotics services.

The company continues to build momentum through the deployment of autonomous maritime systems supporting U.S. Government customers and the expansion of global defense partnerships. Headquartered in Monroe Township, New Jersey, with an additional office in Richmond, California, Ocean Power Technologies positions itself as a trusted provider of maritime operational infrastructure supporting defense and national security missions.

What the Numbers Show

While no financial figures were disclosed in this announcement, the strategic value lies in market access. CMMC Level 2 compliance is a prerequisite for many federal contracts involving sensitive data. Achieving this status removes a significant operational barrier, allowing Ocean Power Technologies to bid on a wider range of defense contracts. This non-financial metric serves as a leading indicator for potential revenue growth in the defense sector, where cybersecurity compliance is increasingly tied to contract award decisions.

Ocean Power Technologies Inc (NYSE: OPTT) announced it will release its fourth quarter and full-year fiscal 2026 earnings on July 23, 2026. The company, which specializes in low-carbon marine power and data solutions, expects to file its Annual Report on Form 10-K for the fiscal year ended April 30, 2026, with the U.S. Securities and Exchange Commission on or about July 29, 2026.

Management will host a conference call to discuss the financial results on Friday, July 24, 2026, at 9:00 AM ET. Philipp Stratmann, CEO, and Bob Powers, CFO, will lead the discussion. Investors can access the call via dial-in or live webcast, with replays available shortly after the event concludes.

Earnings Call Details

The conference call provides an opportunity for investors to review the company's performance in the defense, oil and gas, science, and offshore wind sectors. Access details are outlined below:

Investor Engagement

In an effort to strengthen relations with institutional investors, Ocean Power Technologies management has dedicated time for individual meetings with portfolio managers and analysts. Interested parties can schedule meetings by contacting InvestorRelations@oceanpowertech.com or calling 609-730-0400 x401.

About Ocean Power Technologies

Ocean Power Technologies provides intelligent maritime solutions that enable safer and more productive ocean operations. Its offerings include Merrows™ AI-capable maritime domain awareness systems, PowerBuoy® platforms for clean electric power and data communications, and WAM-V® unmanned surface vehicles. The company is headquartered in Monroe Township, New Jersey, with an additional office in Richmond, California.