ATTENTION OPTT Investors: Your Vote Counts! Make your voice heard by 12/13/22!

MONROE TOWNSHIP, N.J., December 12th, 2022 – Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine data, power, and consulting service solutions, announced today that the Annual Meeting of Stockholders is this Wednesday, December 14th. We need less than 6.0% of our outstanding shares to vote to reach a quorum for this meeting, and we need all our shareholders to please take a few minutes to vote. Only shareholders as of 10/18/2022 can vote.

As an investor in this security, you have the right to vote on important issues. To make your voice heard click the link to vote by proxy or, if you need help voting, please call our proxy solicitor, Morrow Sodali at 203-561-6945.

Click here to vote by proxy: 2022 Proxy Statement

About Ocean Power Technologies:

OPT provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets. Our PowerBuoy® platforms provide clean and reliable electric power and real-time data communications for remote maritime and subsea applications. We also provide WAM-V® autonomous surface vessels (ASVs) and marine robotics services through our wholly owned subsidiary Marine Advanced Robotics. We are headquartered in Monroe Township, New Jersey, and have offices in Houston, Texas, and Richmond, California.