Ocean Power Technologies, Inc.

1590 Reed Road Array
Pennington, NJ 08534
49 Employees

Market Performance

Market Cap $15.4 Million
52 Week High $5.89
52 Week Low $1.14

SBIR Award Summary

Total Number of Awards 11
Total Value of Awards $3.09MM
First Award Date 11/01/95
Most Recent Award Date 09/09/16

Key Personnel

Last Name Name Awards Contact
Burns Dr. Joseph R. Burns 1 Message
Taylor Dr. George Taylor 5
Dunleavy Charles F. Dunleavy 2 Message
Stewart David Stewart 2 Message
Edwards Kathleen Edwards 1 Message
Lennon Gregory Lennon 1 Message
Mekhiche Mike Mekhiche 2 Message

11 Awards Won

Phase 2 SBIR

Agency: Navy
Topic: N121-096
Budget: 09/09/16 - 12/15/17

Ocean Power Technologies, Inc. (OPT) is proposing to continue the development of an anchorless, stationkeeping, buoy system which utilizes onboard wave energy conversion technology to supply renewable and persistent power to the propulsion and control system. This buoy system concept was developed during the SBIR I investigation as a persistent,...

Phase 1 SBIR

Agency: Department of Energy
Topic: 09A-2013
Budget: 01/01/13 - 12/31/13

The increase in the ability of a wave energy converter (WEC) to capture energy from waves is critical to ensuring the viability and cost effectiveness of wave energy power devices. WECs absorb wave power by applying a back force to oppose the forces that waves exert on the system. The back force is implemented by the systems Power Takeoff and is...

Phase 1 SBIR

Agency: Navy
Topic: N121-096
Budget: 05/07/12 - 03/08/13

Ocean Power Technologies, Inc. (OPT) and its subcontractor ASSETT leverage their many years of experience with US Navy programs, energy harvesting buoys/vessels, and sonar systems to address the US Navy s current and future needs for autonomous, anchorless, easy-to-deploy active sonar systems. OPT proposes an innovative inertia-based wave ener...

Phase 1 SBIR

Agency: Department of Homeland Security
Topic: H-SB05.2-003-2005
Budget: 01/01/05 - 12/31/05

Ocean Power Technologies, Inc. (OPT) ?Distributed Buoy Vessel Detection System? addresses the need for a forward-deployed buoy system to detect and track non-cooperative vessels. OPT proposes a network of proprietary passive acoustic sensors and COTS communication equipment, all powered by OPT?s proprietary Autonomous PowerBuoyTM. The PowerBuoy ...

Phase 2 SBIR

Agency: Navy
Topic: N00-116
Budget: 01/31/02 - 01/30/04

Ocean Power Technologies, Inc. (OPT) successfully demonstrated in Phase I that the efficiency of existing Wave Energy Converter (WEC) systems can be improved at least 5 times by making changes in the areas of hydrodynamic design, hydraulic system design and electric power conversion system design. These changes, coupled with a modest i...

Phase 1 SBIR

Agency: Navy
Topic: N00-116
Budget: 11/30/00 - 05/31/01

The program proposed by OPT is a multi-pronged effort aimed at improving the energy conversion efficiency of ocean waves to electrical power by a factor of 5. It is about fundamental improvements in the physics and engineering of the conversion process and not about, e.g., building larger structures at lower manufacturing and deployment costs, w...

Phase 2 STTR

Institution: Pennsylvania State University

Agency: Navy
Topic: N97T002
Budget: 07/31/98 - 07/31/00

There is an ever-growing military, scientific and commercial need to establish Autonomous Distributed Systems (ADS) for studying and measuring oceanographic, atmospheric and other data in the littoral regions of the world. A crucial sub-system is a power supply which provides battery recharge power from naturally available energy e.g., oce...

Phase 1 STTR

Institution: Pennsylvania State University

Agency: Navy
Topic: N97T002
Budget: 06/19/97 - 12/19/97

Ocean Power Technologies, Inc. (OPT) is developing electrical power generation systems that use piezoelectric polymers to convert the mechanical energy in natural energy sources such as ocean waves into electricity. OPT is investigating two different generator configurations for Autonomous Distribution Systems for DoD. OPT and the Materia...

Phase 2 SBIR

Agency: Navy
Topic: N95-074
Budget: 03/31/97 - 03/31/99

Highlights of the Phase I program were: 1. The Wave Energy converter (WEC) operating in the differential drive mode with a vertical cam was successfully integrated and tested in the wave tank at the David Taylor Research Center (DTRC) with .5 meter wave heights. Power output from the 12" piezo beams was as expected for those heights ( a s...

Phase 1 SBIR

Agency: Defense Advanced Research Projects Agency
Topic: SB961-026
Budget: 04/23/96 - 11/30/96

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