AwardTape Companies Ocean Power Technologies, Inc

Ocean Power Technologies, Inc

#22,126 by obligations / 21.7/100 Score / $515K obligated (FY24+) / 2 awards / 29.1% no-bid among largest contracts / Nov 20, 2025 latest action

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Ocean Power Technologies, Inc / 2 awards / $515K obligated (FY24+)

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Executive Capture & Competitive PositionWhat this company is, who pays it, where it can grow or lose

Market RoleEmerging EntrantNot in Top 100 directory

Primary Buying CommandDepartment of the Navy100.0% of FY24+ obligations

Vehicle SeatsNone foundNo parent-vehicle orders in FY24+

Country FootprintUS onlyNo allied ministry awards on file

Recompetes Next 12 MonthsNone in watchlistTop 300 expiring awards checked

Company Score & Key Metrics#22,126 by obligations / Small contractor

Overall Score

21.7 / 100

Score based on the largest 50 contracts

Obligations & YoY

$515K (-79.5%)

$365K - $150K - $0

No-Bid Share

29.1%

Sole-source share of the largest 50 contracts

Unused Ceiling

0 vehicles / 1 agencies / 2 offices

SAM.gov registration and exclusionsChecked 2026-11-15 / About this data

No active exclusion found for this UEI, CAGE or legal name.

Registration	Active / All awards / expires 2027-08-14
Legal name	OCEAN POWER TECHNOLOGIES, INC.
Address	SUITE B, MONROE TOWNSHIP, NJ, 08831, USA / district 12
Structure	Corporate entity (not tax exempt), incorporated in DE / in business since 1984-04-19
NAICS	334511 (+8 more)
API	registration JSON / SAM.gov record

Categories2 categories / All 6 Categories →

Category	Category Rank	Matched Awards	Category Obligated	Category Ceiling	Sample Contracts
Counter-Drone & Radar	-	2	$730K	$730K	N6523624P0020
Space & Satellites	-	2	$515K	$515K	N6523624P0020, N0024425PS135

Contracts & Orders2 available contract records (FY2024+), largest first

Contract ID	Obligated (FY24+)	Type	Agency	Category	Description	Latest Action
N6523624P0020	$365K	purchase order	Department of the Navy	Electronic warfare and countermeasures	Qty 2 wam-v 8 starline satcom hardware, 5g/5g cellular hardware, ros interface to robo-helm, protective cover, custom trailer, intermodal shipping containers, lithium battery set, velodyne lidar, and contractor technical support	Jul 18, 2024
N0024425PS135	$150K	purchase order	Department of the Navy	Ship and marine equipment	Lease of commercial service contract for leasing a current opt next gen power buoy that was modified to include 5g and starlink along nps requires an upgrade to the sensors on this buoy owned by opt. 12-months period of performance	Nov 20, 2025

Unused ceiling is uncommitted capacity across available contract records, not guaranteed spending. Vehicle details summarize the largest 500 records.

Buying AgenciesFY2024+

#	Agency	Awards	Obligated	Share
1	Department of the Navy	2	$515K	100%

Product & Service CategoriesFY2024+

#	Category	Awards	Obligated	Share
1	Electronic warfare and countermeasures	1	$365K	71%
2	Ship and marine equipment	1	$150K	29%

Source: USAspending.gov prime award data (FPDS), DoD and DHS contracts, orders and IDVs with any action since Oct 1, 2023. Obligated FY2024+ sums the obligations on those actions; total obligated is the award's lifetime figure. DoD contract actions publish on USAspending about 90 days after signing (DFARS PGI 204.6), so the latest DoD actions here trail the calendar by about 3 months. Data as of Oct 24, 2026.

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