Ocean Power Technologies shares rise 3.27% intraday after opening a new office in Washington, D.C.

Ocean Power Technologies, Inc. rose 3.27% intraday, with the company announcing the opening of a new office at the Association for Uncrewed Vehicle Systems International (AUVSI) headquarters in Washington, D.C. This strategic move marks a significant milestone in the Company’s expansion efforts and underscores its commitment to advancing uncrewed systems operations and policy engagement at the national level. The new office positions OPT alongside the world’s largest nonprofit organization dedicated to the advancement of uncrewed systems and robotics, strengthening its presence in the U.S. capital.