Ocean Power Technologies Selected as Potential Naval Contract Awardee

What Happened
Ocean Power Technologies, Inc. (OPTT) announced on August 5, 2026 that it has been selected as a potential awardee under a contract supporting the Naval Oceanographic Office. The company filed an Item 8.01 8-K and attached a press release dated August 5, 2026 as Exhibit 99.1 to publicize the selection.

Key Details

• Announcement made via press release on August 5, 2026; press release attached to the 8-K as Exhibit 99.1.
• Selection is as a "potential awardee" under a contract supporting the Naval Oceanographic Office.
• The 8-K did not disclose contract value, award timing, or specific scope of work.

Why It Matters
Being named a potential awardee for a Naval Oceanographic Office contract places OPTT in consideration for U.S. government work, which may lead to future orders, partnerships or revenue if an award is finalized. Investors should note the filing provides no financial or timing details; monitor OPTT disclosures and press releases for follow-up information on whether an award is granted and its terms.