Main Assembly Finalized--Further Progressing Strategic Plan

MONROE TOWNSHIP, N.J., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that as part of the Company’s ongoing commitment to connecting with the investor community, it will participate in a fireside chat on Thursday, December 19, 2024, at 11:00 a.m. ET.

Confirms pathway to profitability in late 2025 based on record quarterly revenues and materially reduced expenses

Confirms pathway to profitability in late 2025 based on record quarterly revenues and materially reduced expenses

Continues Revenue and Booking Growth in Mexico and Costa Rica

Paradigm Shifting Development in OPT’s Expansion of its Defense and Security Business in the Middle East

Ships WAM-V to the United Arab Emirates

Enables projects to be realized in country

MONROE TOWNSHIP, N.J., Oct. 11, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it will be participating in the MicroCap Rodeo Fall Conference, which will be held on Wednesday, October 16th, 2024, in New York City.

Expands Merrows™ Offering in the Region

Non-dilutive funding to further execute strategic goals

Delivery leads to revenue recognition

Will explore opportunities to advance Blue Economy projects

Operating expenses decrease by 39%, reducing operating loss and lower cash burn as OPT achieves further progress on its Path to Profitability. The Company's pipeline continues to grow, reflecting an increase in defense and security activity as well as an expansion of commercial opportunities

Contractual Milestone Triggers Over $0.3M Revenue Recognition

MONROE TOWNSHIP, N.J., Aug. 21, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it will report its fiscal 2025 first quarter results for the period ended July 31, 2024 after the market closes on Monday September 16, 2024.

MONROE TOWNSHIP, N.J., Aug. 02, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today reminds stockholders that a Special Meeting of the Stockholders of OPT will be held at 9 a.m. Eastern time on August 30, 2024, in virtual format only at www.cesonlineservices.com/optt24_vm, for the purpose of voting on proposals to (i) approve an amendment to OPT’s Certificate of Incorporation to increase the number of authorized shares of common stock, par value $.001 per share, from 100,000,000 to 200,000,000, and (ii) approve an adjournment of the Special Meeting from time to time, if necessary or appropriate (as determined in good faith by the Board or a committee thereof), to solicit additional proxies if there are not sufficient votes in favor of the charter amendment proposal.