The acquisition strengthens OPT’s position as a provider of persistent operational infrastructure supporting autonomous maritime operations.
The acquired intellectual property and engineering portfolio complements OPT’s existing capabilities in offshore power, autonomous surface vehicles, maritime sensing, communications, and AI-enabled software while adding an innovative subsea power capability designed to enable persistent underwater operations. Together, these technologies create a potentially more comprehensive operational infrastructure platform capable of supporting missions across the maritime domain.
“The future of maritime operations will depend on resilient, persistent operational infrastructure that supports autonomous systems above and below the surface,” said Philipp Stratmann, President and Chief Executive Officer of Ocean Power Technologies. “This acquisition expands our technology portfolio with an innovative subsea capability that complements our existing solutions and reinforces our strategy to deliver operational infrastructure across the maritime domain for defense, security and commercial customers.”
The acquisition potentially expands OPT’s ability to address evolving requirements for persistent underwater operations, including resident autonomous systems, subsea sensing, distributed communications, underwater vehicle support, and long-duration maritime missions. The acquired capability positions OPT to enhance its portfolio of operational infrastructure technologies and provides a foundation for supporting future customer requirements in both defense and commercial maritime markets.
The transaction has been structured as an asset acquisition, securing ownership of strategic intellectual property and technical capabilities while preserving financial flexibility.
In addition to expanding OPT’s technology portfolio, the acquisition includes developmental work and early customer engagement that can accelerate commercialization, reduce development risk, and shorten the Company’s path to market for future subsea solutions.
The transaction closed effective July 22, 2026.
