It may be accessed by dialing 877-660-6853 from the U.S. or 201-612-7415 for international callers and using the Conference ID13694019. CONTACT: Contact Information - OPT Investors: 609-730-0400 x401 or InvestorRelations@oceanpowertech.com Media: 609-730-0400 x402 or MediaRelations@oceanpowertech.com, Kyle Dennis took a leap of faith and decided to invest his savings of $15K in the stock market — $2.8M later, he owes his success to these strategies, Investor Conference Call and Webcast on September 15, 2020, at 11:00 A.M. ETMONROE TOWNSHIP, N.J., Sept. 14, 2020 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (“OPT” or “the Company”) (Nasdaq: OPTT), a leader in innovative and cost-effective ocean energy solutions, today announced financial results for the first quarter of fiscal year 2021 ended July 31, 2020.Recent Operational Highlights * OPT announced two complementary new products: the hybrid PowerBuoy® with solar panels and an efficient Stirling engine to power payloads independent of wave activity; and the Subsea Battery that is compatible with PowerBuoy® products or deployable as a standalone power source. Markets. 08/18/20 Ocean Power opens Houston office 05/01/20 Ocean Power receives $900,000 in funding from New Jersey tax certificate program Please refer to the Company's most recent Forms 10-Q and 10-K and subsequent filings with the SEC for a further discussion of these risks and uncertainties. Its PowerBuoy® solutions

These forward-looking statements rely on a number of assumptions and estimates which could be inaccurate and which are subject to risks and uncertainties. Stock Ideas. Aspire Capital invests primarily in life sciences and technology companies with bright prospects and strong management teams whose full potential have not yet been realized in the market.Forward-Looking Statements This release may contain forward-looking statements that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "estimate", "intend", "plan", "contemplate", "seek to", "future", forward-looking statements rely on a number of assumptions and Contributor. PowerBuoy® products creates seamless, ocean-based Strategically located in the CityCentre development adjacent to Houston's Energy Corridor near the intersection of I-10 and the Sam Houston Tollway, the new OPT office will serve as the base for the Company's regional sales and business development activities, headed by OPT's VP Global Business Development Philipp Stratmann and Senior Director of Sales, David Marchetti. "Key terms under the Purchase Agreement include: * The Company will control the timing and amount of any sales to Aspire Capital based on market price at the time of each sale; * Aspire Capital has no right to require any sales by OPT but is obligated to make purchases when the Company desires to sell shares of its common stock to Aspire Capital, in accordance with the terms of the Purchase Agreement; * The Company has the right to sell up to 250,000 shares of stock to Aspire Capital each trading day (a "regular purchase") at the lower of either: (a) the lowest sale price of the Company's common stock on that day; or (b) the arithmetic average of the three lowest closing sale prices during the ten consecutive trading days ending on the trading day immediately preceding that day; * The Company also has the right to sell shares to Aspire Capital at up to 30% to the trading volume of the shares for the next business day at a volume weighted average price ("VWAP") at the lesser of the closing sale price or 97% of the next day's VWAP.

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