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Form 8-K

sec.gov
OPTT The company announced an expansion in its global deployment footprint across U.S. government, international, and research customers, increasing PowerBuoy deployments and showcasing its WAM-V platform. This indicates growing demand and broader multi-agency use.

8-K — Ocean Power Technologies, Inc.

Accession: 0001493152-26-024820

Filed: 2026-05-21

Period: 2026-05-19

CIK: 0001378140

SIC: 4911 (ELECTRIC SERVICES)

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — form8-k.htm (Primary)

EX-99.1 (ex99-1.htm)

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UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

D.C. 20549

Form

8-K

Current

Report Pursuant to Section 13 or 15(d) of

the

Securities Act of 1934

Date

of Report (Date of earliest event reported): May 19,

2026

Ocean

Power Technologies, Inc.

(Exact

name of registrant as specified in its charter)

Delaware

001-33417

22-2535818

(State

or other jurisdiction

(Commission

(I.R.S.

Employer

of

incorporation)

File

Number)

Identification

No.)

28

Engelhard Drive,

Suite

B

Monroe

Township, New

Jersey

08831

(Address

of principal executive offices)

(Zip

Code)

(609)

730-0400

(Registrant’s

telephone number, including area code)

Check

the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under

any of the following provisions (see General Instruction A.2. below):

☐

Written

communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting

material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement

communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement

communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities

registered pursuant to Section 12(b) of the Act:

Title

of each class

Trading

Symbol (s)

Name

of each exchange on which registered

Common

Stock, $0.001 Par Value

OPTT

NYSE

American

Series

A Preferred Stock Purchase Rights

N/A

NYSE

American

Indicate

by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405

of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging

growth company ☐

If

an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item

8.01 Other Events.

On

May 19, 2026, Ocean Power Technologies, Inc. (the “Company”) issued a press release announcing an expansion in its global

deployment footprint across U.S. government, international, and research customers. A copy of the press release is attached hereto as

Exhibit 99.1 and is hereby incorporated by reference.

Item

9.01 Financial Statements and Exhibits.

Exhibits

99.1

Press

release dated May 19, 2026.

104

Cover

Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant

to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by

the undersigned thereunto duly authorized.

Ocean

Power Technologies, Inc.

Dated:

May 21, 2026

/s/

Philipp Stratmann

Philipp

Stratmann

President

and Chief Executive Officer

EX-99.1

EX-99.1

Filename: ex99-1.htm · Sequence: 2

Exhibit

99.1

Ocean

Power Technologies Expands U.S. and International Deployment Footprint

MONROE

TOWNSHIP, N.J. May 19, 2026 — Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”),

a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced an expansion in its global

deployment footprint across U.S. government, international, and research customers.

In

the United States, OPT has increased its PowerBuoy® deployments from a single research-focused system to five concurrent

deployments. These include three systems supporting U.S. Department of Homeland Security activities, one system supporting Department

of War research for the U.S Navy, and one additional deployment supporting a U.S.-based research institution. This expansion reflects

a transition from initial research deployments toward broader multi-agency use.

Internationally,

OPT continues to expand its presence with three WAM-V® autonomous surface vehicles and one PowerBuoy® deployed

in the United Arab Emirates, as well as additional WAM-V deployments supporting customer activities in Taiwan and other regions.

OPT

is also showcasing its WAM-V platform at the Special Operations Forces Week in Tampa, the major annual event for the global Special Operations

Forces community, supporting engagement with defense and advanced marine operations stakeholders.

The

increase in concurrent deployments across multiple regions and customers reflects growing demand for persistent offshore monitoring and

autonomous maritime capabilities.

For

additional information about OPT, please visit our website Ocean Power Technologies.

ABOUT

OCEAN POWER TECHNOLOGIES

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™, which provides AI capable seamless

integration of Maritime Domain Awareness Systems across platforms. Our PowerBuoy® platforms provide clean and reliable

electric power and real-time data communications for remote maritime and subsea applications. We also provide WAM-V® unmanned

surface vessels (USVs) and marine robotics services. The Company’s headquarters is in Monroe Township, New Jersey, with an additional

office in Richmond, California. To learn more about OPT’s groundbreaking products, services and solutions, visit www.OceanPowerTechnologies.com.

FORWARD-LOOKING

STATEMENTS

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’s continuing successful expansion of its international deployment footprint, 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.

Contact

Information

Investors:

203-561-6945 or investorrelations@oceanpowertech.com

Media:

609-730-0400 x402 or MediaRelations@oceanpowertech.com

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