OPT to Present at Water Tower Research's Hybrid US Climate Investor Conference on December 7

MONROE TOWNSHIP, N.J., Nov. 14, 2023 (GLOBE NEWSWIRE) -- OPT (NYSE: OPTT), based in Monroe Township, N.J., a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that Philipp Stratmann, CEO, and Bob Powers, CFO, will present live at the Hybrid US Climate Investor Conference, presented by Water Tower Research at OTC Markets Group offices, on Thursday, December 7, 2023. The presentations will also be streamed live at VirtualInvestorConferences.com.

DATE: December 7, 2023
TIME: 10:00 AM EST
LINK: https://bit.ly/46Sd9Rp

This will be a live, interactive online event where investors are invited to ask the company questions in real time. If you would like to attend in-person, please email [email protected] for a free attendee pass. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.
Learn more about the event at www.virtualinvestorconferences.com.

Recent Company Highlights

• Substantially completed our R&D efforts positioning OPT to increase our focus on delivering intelligent maritime solutions and services, particularly in the national security and defense markets so that we expect to achieve cash flow positive results in calendar 2025. To drive that growth, we also recently appointed Matt Burdyny to Chief Commercial Officer. Mr. Burdyny will report directly to the CEO.
• Appointed Admiral Victorino "Vic" G. Mercado (Retired) as a special advisor to the Company's Board of Directors (the "Board"). We plan to leverage Vic's more than 35-year career in the U.S. Navy and service at the Department of Defense to build on our momentum in providing intelligent maritime solutions to the U.S. Government and defense and security sectors, and carefully navigate the challenges of securing access to and protecting highly sensitive and confidential information.
• Received an additional volume order from Sulmara, a prominent player in offshore services, of WAM-V 16 uncrewed surface vehicles (USVs) making this the largest single order of WAM-Vs to date. The order, valued at $1.6 million, underscores OPT's commitment to providing innovative and sustainable solutions for the offshore industry. Due to demand, production is already underway to support and will allow for revenue recognition this fiscal year.
• Entered a contract with WildAid and Caribbean Law Enforcement partners. This collaboration aims to protect vital marine species and combat illegal, unreported, and unregulated (IUU) fishing activities in critical habitats using OPT's state-of-the-art uncrewed technologies and demonstrates unprecedented, networked surveillance capabilities and evidence collection, allowing authorities to gather critical information and support legal actions while keeping personnel safely out of harm's way until the precise time and conditions favor interdiction efforts.

About OPT
OPT, a leader in innovative and cost-effective, low carbon marine data, power, and consulting services, 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 (ASV). We are headquartered in Monroe Township, New Jersey, and have offices in Houston, Texas, and Richmond, California. To learn more, visit www.OceanPowerTechnologies.com.

About Water Tower Research, LLC
Water Tower Research is modernizing Investor Relations through research-driven communications and Investor Engagement. Sound investment research begins with good information. At WTR, we help companies and investors connect by creating expert information flow and strategies that are the foundation of a successful modern investor relations platform. Our analysts and capital markets professionals bring decades of unrivaled Wall Street experience and insight to a new digital world of investor communications and engagement. Our research and investor content is distributed across traditional research aggregators like Bloomberg, FactSet, etc., proprietary direct distribution lists, social media, search engines, and our website. As a result, every institutional and retail investor has equal access to our high-quality company research. Our mission is to help companies take control of their IR program and proactively reach investors while bringing investors a consistent flow of quality information to help them understand our clients' businesses, industries, and the investment opportunities they present.

About Virtual Investor Conferences^®
Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

CONTACTS:
OPT
Bob Powers
Chief Financial Officer
(609) 730-0400 ext. 239
[email protected]

Water Tower Research
Tim Regan
MD, Head of Business Development
(978) 505-2478
[email protected]

Virtual Investor Conferences
John M. Viglotti
SVP Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
[email protected]