Exhibit 99.1 Ocean Power Technologies, Inc. Announces Third Quarter Fiscal 2024 Results Continued Growth in Pipeline, Revenue, and Gross Profit Reported MONROE TOWNSHIP, N.J., March 13, 2024 (GLOBE NEWSWIRE) - Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), today announced financial results for its fiscal third quarter ended January 31, 2024 ("Q324"), including year over year revenue, gross profit, and pipeline growth. Financial Highlights from the third quarter: Recent Operat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended January 31, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From ______to______ Commission file number: 001-33417 OCEAN POWER TECHNOLOGIES, INC. (Exact Name of Registrant as Specified in Its Charter) (State or Other Juris ...

Ocean Power Technologies, Inc. (NYSE:OPTT) Q2 2024 Earnings Conference Call December 14, 2023 9:00 AM ET Joseph DiPietro - Controller, Treasurer, Principal Accounting Officer Philipp Stratmann - President, CEO Bob Powers - SVP, CFO Shawn Severson - Water Tower Research Good morning, and welcome to the Ocean Power Technologies Second Quarter Fiscal Year 2024 Earnings Conference Call. The webcast of this call is also available and can be accessed by a link on the company's website at www.oceanpowertechnologie ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended October 31, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From ______to______ Commission file number: 001-33417 OCEAN POWER TECHNOLOGIES, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 22-2535818 ( ...

Dr. Philipp Stratmann - President, Chief Executive Officer Bob Powers - Senior Vice President, Chief Financial Officer Joseph DiPietro - Controller, Treasurer, Principal Accounting Officer Good morning and welcome to the Ocean Power Technologies First Quarter Fiscal Year 2024 Earnings Conference Call. A webcast of this call is also available and can be accessed by a link on the companyÂ's website at www.oceanpowertechnologies.com. This conference call is being recorded and will be available for replay short ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended July 31, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From ______to______ Commission file number: 001-33417 OCEAN POWER TECHNOLOGIES, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 22-2535818 (Sta ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended April 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 001-33417 Ocean Power Technologies, Inc. Delaware 22-2535818 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identifi ...

Philipp Stratmann And so is the sales process to take a typical application. Are they looking and finding creative applications that theyÂ'd be in your sales force? I mean, I know you're not just sitting there taking orders or maybe this will work for this or not? Are you proactively going out? Is that how that works and say, look, we know you have a problem, we have a solution. Is that how the sales actually works? Right. Thank you for the color, guys. Thank you. Next question is coming from Robert Silvera ...

Company Participants Conference Call Participants Operator On the call today are Dr. Philipp Stratmann, President and Chief Executive Officer; Bob Powers, Senior Vice President and Chief Financial Officer; and Joseph DiPietro, Controller, Treasurer, and Principal Accounting Officer. Following the prepared remarks, there will be a question-and-answer session. Joseph DiPietro During this call we will make forward-looking statements that are within the Safe Harbor provisions of the Private Securities Litigatio ...

Maritime Domain Awareness Border Security / IUU / MPA applications • HD radar, gyro-stabilized HD optical & thermal imaging cameras, vessel (AIS) detection, subsea sensors, passive sonar, integrated command and control software • Actionable Intelligence from 24/7/365 vessel tracking (including "dark vessels"), automatic notifications and vessel warnings, HD surveillance and integrated AI interface for predictive analysis Subsea Power & Communications O&G applications • Resident underwater vehicle charging a ...