{"success":true,"data":{"pressRelease":{"id":"135114","rtpr_id":"nGNX34spMB","ticker":"OPTT","exchange":"NYSE American","all_tickers":["OPTT"],"title":"Ocean Power Technologies Selects Palantir Foundry to Accelerate Growth in Autonomous Maritime Operations","author":"Globe Newswire","published_at":"2026-09-03T12:15:00.104Z","article_body":"MONROE TOWNSHIP, N.J., Sept. 03, 2026 (GLOBE NEWSWIRE) -- Ocean Power\nTechnologies, Inc. (“OPT” or the “Company”) (NYSE American: OPTT), a\nleader in intelligent maritime solutions and services, today announced that it\nis implementing Palantir Foundry through the Palantir for Builders program to\nsupport its expanding U.S. and international deployment footprint. OPT has\nengaged Foxtrot Professional Services (“Foxtrot”), a Foundry-native\nPalantir partner, to lead the effort and strengthen the operating capabilities\nrequired for continued growth.\n\nAs OPT moves from individual deployments to repeatable delivery of its\nautonomous maritime systems and services, the Palantir Foundry platform will\ncreate greater end-to-end visibility across key business functions, from\nmanufacturing and supply chain through deployment, fleet operations,\nmaintenance and customer support. Drawing on deep expertise in Palantir\nFoundry implementation and engineering, Foxtrot will connect data and\nworkflows across these functions, model the relationships and dependencies\nthat drive execution, and establish governed workflows for day-to-day\ndecision-making.\n\n“Scaling autonomous maritime systems requires more than building additional\nvehicles and platforms. It requires the infrastructure to deploy, operate and\nsupport those systems reliably at increasing volume,” said Philipp\nStratmann, President and Chief Executive Officer of Ocean Power Technologies.\n“Palantir Foundry gives us a powerful foundation to connect our operations\nand make faster, data-driven decisions as we scale. Working with Foxtrot\nallows us to accelerate that implementation, and we are already linking\nexisting records into the Palantir Foundry platform.”\n\n“The ocean is the next great frontier for autonomy, and OPT is using AI to\nredefine national security, provide zero-emission power source for offshore\noperations and support marine research.”, said Christine Williams, Co-CEO of\nFoxtrot Professional Services. “This is exactly the kind of bold,\nconsequential mission that is part of Foxtrot’s DNA. We’re thrilled to\npartner with OPT to build the operating backbone to take these missions to the\nnext level.”\n\n“Our goal is to build the operating infrastructure today that supports\nsignificantly greater scale tomorrow,” Stratmann added. “This is another\nstep towards a more scalable, integrated maritime technology business.”\n\nABOUT OCEAN POWER TECHNOLOGIES\n\nOPT provides intelligent maritime solutions and services that enable safer,\ncleaner, and more productive ocean operations for the defense and security,\noil and gas, science and research, and offshore wind markets, including\nMerrows™, which provides AI capable seamless integration of Maritime Domain\nAwareness Systems across platforms. Our PowerBuoy® platforms provide clean\nand reliable electric power and real-time data communications for remote\nmaritime and subsea applications. We also provide WAM-V® unmanned surface\nvessels (USVs) and marine robotics services. The Company’s headquarters is\nin Monroe Township, New Jersey, with an additional office in Richmond,\nCalifornia. To learn more about OPT’s groundbreaking products, services and\nsolutions, visit www.OceanPowerTechnologies.com.\n\nABOUT FOXTROT PROFESSIONAL SERVICES\n\nFoxtrot Professional Services is a women-led Palantir partner founded by\nPalantir alumni and enterprise operators. Forged in Foundry, Foxtrot helps\norganizations close the last-mile gap of enterprise AI by delivering\nproduction-grade, governed workflows designed for adoption and value that\nlasts.\n\nFORWARD-LOOKING STATEMENTS\n\nThis release may contain forward-looking statements that are within the safe\nharbor provisions of the Private Securities Litigation Reform Act of 1995.\nForward-looking statements are identified by certain words or phrases such as\n\"may\", \"will\", \"aim\", \"will likely result\", \"believe\", \"expect\", \"will\ncontinue\", \"anticipate\", \"estimate\", \"intend\", \"plan\", \"contemplate\", \"seek\nto\", \"future\", \"objective\", \"goal\", \"project\", \"should\", \"will pursue\" and\nsimilar expressions or variations of such expressions. These forward-looking\nstatements reflect the Company's current expectations about its future plans\nand performance. These forward-looking statements rely on a number of\nassumptions and estimates that could be inaccurate and subject to risks and\nuncertainties, including the continuing successful implementation of the\nPalantir Foundry system. Actual results could vary materially from those\nanticipated or expressed in any forward-looking statement made by the Company.\nPlease refer to the Company's most recent Forms 10-Q and 10-K and subsequent\nfilings with the U.S. Securities and Exchange Commission for further\ndiscussion of these risks and uncertainties. The Company disclaims any\nobligation or intent to update the forward-looking statements in order to\nreflect events or circumstances after the date of this release.\n\nContact Information\nInvestors: 203-561-6945 or investorrelations@oceanpowertech.com\nMedia: 609-730-0400 x402 or MediaRelations@oceanpowertech.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/37cacdbe-8798-448b-acbc-529b6949576c)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX34spMB","title":"Ocean Power Technologies Selects Palantir Foundry to Accelerate Growth in Autonomous Maritime Operations","author":"Globe Newswire","ticker":"OPTT","created":"2026-09-03T12:15:00.104Z","tickers":["OPTT"],"exchange":"NYSE American","article_body":"MONROE TOWNSHIP, N.J., Sept. 03, 2026 (GLOBE NEWSWIRE) -- Ocean Power\nTechnologies, Inc. (“OPT” or the “Company”) (NYSE American: OPTT), a\nleader in intelligent maritime solutions and services, today announced that it\nis implementing Palantir Foundry through the Palantir for Builders program to\nsupport its expanding U.S. and international deployment footprint. OPT has\nengaged Foxtrot Professional Services (“Foxtrot”), a Foundry-native\nPalantir partner, to lead the effort and strengthen the operating capabilities\nrequired for continued growth.\n\nAs OPT moves from individual deployments to repeatable delivery of its\nautonomous maritime systems and services, the Palantir Foundry platform will\ncreate greater end-to-end visibility across key business functions, from\nmanufacturing and supply chain through deployment, fleet operations,\nmaintenance and customer support. Drawing on deep expertise in Palantir\nFoundry implementation and engineering, Foxtrot will connect data and\nworkflows across these functions, model the relationships and dependencies\nthat drive execution, and establish governed workflows for day-to-day\ndecision-making.\n\n“Scaling autonomous maritime systems requires more than building additional\nvehicles and platforms. It requires the infrastructure to deploy, operate and\nsupport those systems reliably at increasing volume,” said Philipp\nStratmann, President and Chief Executive Officer of Ocean Power Technologies.\n“Palantir Foundry gives us a powerful foundation to connect our operations\nand make faster, data-driven decisions as we scale. Working with Foxtrot\nallows us to accelerate that implementation, and we are already linking\nexisting records into the Palantir Foundry platform.”\n\n“The ocean is the next great frontier for autonomy, and OPT is using AI to\nredefine national security, provide zero-emission power source for offshore\noperations and support marine research.”, said Christine Williams, Co-CEO of\nFoxtrot Professional Services. “This is exactly the kind of bold,\nconsequential mission that is part of Foxtrot’s DNA. We’re thrilled to\npartner with OPT to build the operating backbone to take these missions to the\nnext level.”\n\n“Our goal is to build the operating infrastructure today that supports\nsignificantly greater scale tomorrow,” Stratmann added. “This is another\nstep towards a more scalable, integrated maritime technology business.”\n\nABOUT OCEAN POWER TECHNOLOGIES\n\nOPT provides intelligent maritime solutions and services that enable safer,\ncleaner, and more productive ocean operations for the defense and security,\noil and gas, science and research, and offshore wind markets, including\nMerrows™, which provides AI capable seamless integration of Maritime Domain\nAwareness Systems across platforms. Our PowerBuoy® platforms provide clean\nand reliable electric power and real-time data communications for remote\nmaritime and subsea applications. We also provide WAM-V® unmanned surface\nvessels (USVs) and marine robotics services. The Company’s headquarters is\nin Monroe Township, New Jersey, with an additional office in Richmond,\nCalifornia. To learn more about OPT’s groundbreaking products, services and\nsolutions, visit www.OceanPowerTechnologies.com.\n\nABOUT FOXTROT PROFESSIONAL SERVICES\n\nFoxtrot Professional Services is a women-led Palantir partner founded by\nPalantir alumni and enterprise operators. Forged in Foundry, Foxtrot helps\norganizations close the last-mile gap of enterprise AI by delivering\nproduction-grade, governed workflows designed for adoption and value that\nlasts.\n\nFORWARD-LOOKING STATEMENTS\n\nThis release may contain forward-looking statements that are within the safe\nharbor provisions of the Private Securities Litigation Reform Act of 1995.\nForward-looking statements are identified by certain words or phrases such as\n\"may\", \"will\", \"aim\", \"will likely result\", \"believe\", \"expect\", \"will\ncontinue\", \"anticipate\", \"estimate\", \"intend\", \"plan\", \"contemplate\", \"seek\nto\", \"future\", \"objective\", \"goal\", \"project\", \"should\", \"will pursue\" and\nsimilar expressions or variations of such expressions. These forward-looking\nstatements reflect the Company's current expectations about its future plans\nand performance. These forward-looking statements rely on a number of\nassumptions and estimates that could be inaccurate and subject to risks and\nuncertainties, including the continuing successful implementation of the\nPalantir Foundry system. Actual results could vary materially from those\nanticipated or expressed in any forward-looking statement made by the Company.\nPlease refer to the Company's most recent Forms 10-Q and 10-K and subsequent\nfilings with the U.S. Securities and Exchange Commission for further\ndiscussion of these risks and uncertainties. The Company disclaims any\nobligation or intent to update the forward-looking statements in order to\nreflect events or circumstances after the date of this release.\n\nContact Information\nInvestors: 203-561-6945 or investorrelations@oceanpowertech.com\nMedia: 609-730-0400 x402 or MediaRelations@oceanpowertech.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/37cacdbe-8798-448b-acbc-529b6949576c)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-03T12:15:00.177990762Z","server_sent_at_ms":1788437700177},"received_at":"2026-09-03T12:15:00.237Z","source_url":"https://www.globenewswire.com/news-release/2026/09/03/3355887/9069/en/ocean-power-technologies-selects-palantir-foundry-to-accelerate-growth-in-autonomous-maritime-operations.html"},"analysis":{"id":"124000","press_release_id":"135114","analysis_json":{"industry":{"label":"Aerospace & Defense","sector":"Industrials"},"redFlags":["No financial terms, contract value, or quantified benefits disclosed for the Foundry implementation","Release's own forward-looking caveats flag risk from the 'continuing successful implementation of the Palantir Foundry system'"],"eventType":"operations_update","narrative":"Ocean Power Technologies is implementing Palantir Foundry through the Palantir for Builders program to support its expanding U.S. and international deployment footprint.\n\nThe company engaged Foxtrot Professional Services, a Foundry-native Palantir partner, to connect data and workflows across manufacturing, supply chain, deployment, fleet operations, maintenance and customer support.\n\nCEO Philipp Stratmann framed the move as building the operating infrastructure needed to deliver autonomous maritime systems reliably at increasing volume as OPT shifts from individual deployments to repeatable delivery.\n\nNo financial terms or quantified benefits were disclosed; the announcement signals operational scaling intent rather than a new revenue event.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Small-cap OPTT taps Palantir Foundry (via partner Foxtrot) to industrialize its autonomous-maritime scale-up -- brand-name association worth noting, but no financial impact disclosed."},"keyFigures":{},"quotedText":"Palantir Foundry gives us a powerful foundation to connect our operations and make faster, data-driven decisions as we scale.","namedEntities":{"people":[{"name":"Philipp Stratmann","role":"President and CEO of Ocean Power Technologies"},{"name":"Christine Williams","role":"Co-CEO of Foxtrot Professional Services"}],"products":["Palantir Foundry","Merrows","PowerBuoy","WAM-V"],"companies":[{"name":"Ocean Power Technologies, Inc.","ticker":"OPTT","relationship":"filer"},{"name":"Palantir","relationship":"technology platform provider (Foundry, Palantir for Builders program)"},{"name":"Foxtrot Professional Services","relationship":"implementation partner"}],"dollarAmounts":[]},"materialImpact":{"score":2,"reasoning":"This is an internal platform-adoption and consulting engagement (Palantir Foundry implementation led by partner Foxtrot) aimed at scaling operations. No contract value, revenue, or quantified financial benefit is disclosed, so it signals scaling intent rather than a market-moving event."},"tickerRelevance":{"others":[{"ticker":"PLTR","relevance":"platform provider -- OPTT is adopting Palantir Foundry via the Palantir for Builders program"}],"primary":"OPTT"},"globalImportance":14,"audienceRelevance":28,"eventTypeSecondary":["partnership"],"importanceComponents":{"tickerTier":"small-cap (NYSE American micro-cap)","eventGravity":"vendor-platform-adoption, no revenue or contract value","financialImpact":"none disclosed","retailFavoriteBoost":"OPTT has a modest retail following in maritime autonomy/defense themes","brandAssociationBoost":"Palantir name recognition lifts attention but not fundamentals"}},"event_type":"operations_update","event_type_secondary":["partnership"],"sentiment":"bullish","material_impact_score":2,"narrative":"Ocean Power Technologies is implementing Palantir Foundry through the Palantir for Builders program to support its expanding U.S. and international deployment footprint.\n\nThe company engaged Foxtrot Professional Services, a Foundry-native Palantir partner, to connect data and workflows across manufacturing, supply chain, deployment, fleet operations, maintenance and customer support.\n\nCEO Philipp Stratmann framed the move as building the operating infrastructure needed to deliver autonomous maritime systems reliably at increasing volume as OPT shifts from individual deployments to repeatable delivery.\n\nNo financial terms or quantified benefits were disclosed; the announcement signals operational scaling intent rather than a new revenue event.","key_figures":{},"named_entities":{"people":[{"name":"Philipp Stratmann","role":"President and CEO of Ocean Power Technologies"},{"name":"Christine Williams","role":"Co-CEO of Foxtrot Professional Services"}],"products":["Palantir Foundry","Merrows","PowerBuoy","WAM-V"],"companies":[{"name":"Ocean Power Technologies, Inc.","ticker":"OPTT","relationship":"filer"},{"name":"Palantir","relationship":"technology platform provider (Foundry, Palantir for Builders program)"},{"name":"Foxtrot Professional Services","relationship":"implementation partner"}],"dollarAmounts":[]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-03T12:52:39.119Z","global_importance":14,"audience_relevance":28,"importance_components":{"tickerTier":"small-cap (NYSE American micro-cap)","eventGravity":"vendor-platform-adoption, no revenue or contract value","financialImpact":"none disclosed","retailFavoriteBoost":"OPTT has a modest retail following in maritime autonomy/defense themes","brandAssociationBoost":"Palantir name recognition lifts attention but not fundamentals"}},"durationMs":null,"modelName":"glm-4.7"}}