What Marine Advanced Robotics does

Ocean Power Technologies, Inc. (NYSE American: OPTT) is a publicly traded maritime technology company founded in 1984 that pivoted in 2015 to deliver autonomous, renewable-powered solutions for ocean monitoring and security. Its product portfolio centers on three integrated platforms: the PowerBuoy, a wave/wind/solar energy converter that provides continuous zero-emission surface power and sensor hosting; the WAM-V, an unmanned surface vehicle (8-22 ft) with a patented articulating suspension system designed for stable operations in harsh sea states; and Merrows, an AI-capable Maritime Domain Awareness software suite that fuses radar, AIS, and EO/IR sensor data into edge-processed streams for real-time threat detection and situational awareness.

The company generates revenue through hardware sales of PowerBuoy systems and WAM-V USVs (with customization and integration services), a Robotics-as-a-Service offering that provides access to vessel fleets, and software licensing for Merrows. Pricing is quote-based and mission-configured. Customers are served across three primary verticals: Government & Defense (persistent maritime surveillance, border protection, naval operations support); Offshore Energy (subsea equipment power, environmental monitoring, offshore wind lifecycle support); and Science & Research (hydrographic mapping, aquaculture monitoring, oceanographic exploration). The company holds ISO 9001, ISO 45001, and AUVSI Trusted UMS Operator certifications, supporting qualification for government and defense procurement. It operates from Monroe Township, New Jersey (HQ) with an engineering and testing office in Richmond, California.

In 2026 the company executed a series of growth actions including a $10M registered direct offering, the acquisition of Strategic Subsea Technology to expand subsea infrastructure capabilities, the launch of the Merrows software line, selection by the U.S. Government for further maritime drone assessment, and academic partnerships with Rutgers University and Stevens Institute of Technology. Distribution combines direct enterprise field sales with an international agents and distributors network.

Name

Marine Advanced Robotics

Legal name

Ocean Power Technologies, Inc.

Website

https://wam-v.com

Company type

Public

Founded year

1984

Operating status

Operating

Headcount range

11–50 employees

Short description

Ocean Power Technologies (NYSE American: OPTT) provides autonomous maritime solutions combining wave/wind/solar-powered platforms (PowerBuoy), unmanned surface vessels (WAM-V), and AI-capable domain-awareness software (Merrows) for government/defense, offshore energy, and research customers.

Ownership category

akta.pro rank

Product category

Autonomous Maritime Systems

NAICS

Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511), Ship and Boat Building (3366)

SIC

Search, Detection, Navagation, Guidance, Aeronautical Sys (3812)

akta.pro primary industry

Unmanned Surface Vehicles (USV) & Autonomous Maritime Surface Platforms (IMABAIAE)

akta.pro secondary industries

Marine Power Generation & Energy Storage (Generators, Batteries, UPS) (IMAJAJAB), Marine & Underwater Robotics (USVs/UUVs) (HDAAAIAH), Unmanned Naval Vessels (USV/UUV) (IMAJABAH), Maritime Unmanned Systems (USV/UUV) & Control Stations (IMABAKAJ)

Keywords

• Autonomous maritime systems
• Wave energy platforms
• Unmanned surface vehicles
• Maritime domain awareness
• Renewable ocean power

Headquarters

HQ city

Richmond

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. PowerBuoy® Systems: Sale of wave-powered autonomous platforms for persistent surface power and sensor hosting. Targets defense, offshore energy, and research sectors with configurable models including Wind/Solar Mini and Wind/Wave/Solar variants.
2. WAM-V® USV Platforms: Sale and service of Wave Adaptive Modular Vessel unmanned surface vehicles. Includes customization, sensor integration, and operational support services.
3. Robotics as a Service (RaaS): Access to fleet of robotic vessels for various applications including marine surveys and defense operations. Provides cost-effective alternative to owned fleet operations.
4. Merrows™ Software Licenses: AI-capable Maritime Domain Awareness software providing sensor integration, data fusion, and real-time analytics capabilities. Sold as customizable solution with modular sensor packages.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Ocean Power Technologies designs and sells autonomous maritime platforms combining renewable wave/wind/solar energy generation with unmanned surface vehicles and AI-capable maritime domain awareness software. Its core products are PowerBuoy energy platforms, WAM-V unmanned surface vehicles (USVs), and Merrows MDA software, sold to defense, offshore energy, and research customers via direct sales and an agents/distributors network.

Product overview

Ocean Power Technologies offers a unified platform of autonomous maritime solutions centered on three core products: PowerBuoy (wave/wind/solar energy platforms for continuous power and sensor hosting), WAM-V (unmanned surface vehicles with wave-adaptive modular technology), and Merrows (AI-capable Maritime Domain Awareness software). The PowerBuoy product line includes two variants: Wind and Solar Mini for monitoring/surveillance applications and Wind Wave and Solar for demanding offshore missions. WAM-V USVs range from 8 to 22 feet and feature patented articulating suspension technology. Merrows integrates data from multiple sensors (radar, AIS, cameras, acoustic) into a unified stream for real-time AI-powered threat detection. Together, these products enable persistent ocean monitoring, autonomous surface operations, and intelligent maritime domain awareness across defense, energy, and research sectors.

Differentiator

Problem solved

Functional benefit

Brands

• PowerBuoy: Wave energy converter platform providing continuous surface power and sensor hosting for maritime applications
• WAM-V
• Merrows

Products and services

• PowerBuoy Wave energy converter platform that harvests renewable energy from waves, wind, and solar to provide continuous, carbon-free power for surface payloads and seabed equipment, with real-time data transfer and communication capabilities.
• PowerBuoy Wind and Solar Mini Compact PowerBuoy variant utilizing wind and solar energy for monitoring, surveillance, and security applications, providing continuous coverage and situational awareness for critical maritime operations.
• PowerBuoy Wind Wave and Solar Full-featured PowerBuoy combining wave, wind, and solar energy for demanding missions, delivering unmatched power and autonomy for complex offshore infrastructure support and advanced scientific research.
• WAM-V (Wave Adaptive Modular Vessel) Unmanned Surface Vehicle (USV) featuring patented articulating suspension technology that absorbs wave impact, providing high stability for precision sensors and hydrographic surveys in harsh maritime conditions. Sold in 8 to 22 foot variants with modular quick-connect payload interfaces.
• Merrows Maritime Domain Awareness Software AI-capable Maritime Domain Awareness (MDA) software suite that ingests and fuses raw data from radar, AIS, and EO/IR cameras into a unified, high-fidelity stream, enabling real-time threat detection and situational awareness for command centers.
• Robotics as a Service (RaaS) Managed service providing access to a fleet of robotic vessels for marine surveys and defense operations, offering a cost-effective alternative to owned fleet operations. Includes operational support and sensor integration.

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature4 records

Partnerships

Two partnerships are on record, tiered minor.

• Rutgers UniversityminorStrategic or Co-development Partner · 24 June 2026OPT announced deployment of PowerBuoy system for Rutgers University for oceanographic research applications. This partnership supports academic research capabilities in marine science and ocean observation.
• Stevens Institute of TechnologyminorStrategic or Co-development Partner · 24 June 2026OPT received a maritime drone order from Stevens Institute of Technology for research and development applications, supporting education and innovation in maritime autonomous systems.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Saildrone: Saildrone builds wind- and solar-powered unmanned surface vehicles for ocean data collection, maritime domain awareness, and defense applications. Highly comparable to OPT's WAM-V USV + Merrows MDA positioning, with similar renewable-powered, persistent ocean presence focus.
• Saronic Technologies: Saronic designs and manufactures autonomous surface vessels for defense and naval applications. Directly comparable to OPT's WAM-V USV line and Merrows MDA software, competing for the same defense/USV procurement dollars.
• Liquid Robotics (Boeing): Liquid Robotics produces the Wave Glider, a wave- and solar-powered autonomous surface vessel for persistent ocean data collection. Most direct overlap with OPT's PowerBuoy + WAM-V renewable-powered persistent ocean presence model.
• SeaRobotics: SeaRobotics manufactures unmanned surface vehicles for hydrographic survey, defense, and oceanographic applications. Comparable to OPT's WAM-V product line in USV hardware and survey/end-use applications.

Broad incumbents

• L3Harris Technologies: L3Harris is a major defense prime offering maritime domain awareness, unmanned systems, and integrated naval solutions. Broad incumbent likely to compete with OPT in defense autonomous maritime and MDA opportunities.
• Kongsberg Maritime: Kongsberg Maritime is a global supplier of marine electronics, autonomy, and unmanned platforms. Broad incumbent with overlapping USV and maritime autonomy capabilities serving naval and offshore energy customers.
• Anduril Industries: Anduril builds autonomous defense systems including maritime domain awareness and uncrewed platforms. Broad defense-tech incumbent competing for the same autonomous maritime ISR and defense procurement opportunities as OPT.
• Teledyne Marine: Teledyne Marine supplies a broad portfolio of marine instrumentation, sonars, AUVs, and imaging systems. Broader incumbent in ocean technology with overlapping customer base in offshore energy and research, competing partly with OPT's sensor/instrumentation integrations.

Emerging players

• Havoc AI: Havoc AI develops autonomous surface vessels focused on defense and naval use cases. Emerging player competing in the same USV-for-defense category as OPT's WAM-V.
• Sea Machines Robotics: Sea Machines provides autonomous command and control software for commercial vessels and USVs. Comparable to OPT's Merrows software stack in maritime autonomy and domain awareness.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/MarineAdvancedRobotics

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Marine Advanced Robotics