Ocean Power Technologies (OPTT) investor relations material

Company overview and business model

• Specializes in intelligent maritime solutions, offering Data as a Service, Robotics as a Service, and Power as a Service platforms for defense, security, offshore energy, and marine research markets.

• Operates globally with a capital-light, recurring revenue model focused on technology sales, leases, and long-term service agreements.

• Recent acquisition of Columbia Power Technologies' assets expands capabilities in subsea power and persistent underwater operations.

• Holds numerous patents and leverages decades of research in control systems, energy storage, and marine integration.

• Strategic priorities include expanding customer base, accelerating technology adoption, and enhancing recurring revenue and margins.

Financial performance and metrics

• As of September 22, 2026, 9,094,159 shares of common stock outstanding; no preferred stock issued.

• Outstanding options for 12,958 shares at a weighted average exercise price of $52.80, 719,060 unvested stock units, and 833,334 shares issuable upon warrant exercise.

• Last reported sale price of common stock on September 22, 2026, was $2.12 per share.

Use of proceeds and capital allocation

• Will not receive proceeds from the sale of shares by selling stockholders; proceeds go to selling stockholders.

• Company bears registration, offer, and sale costs, while selling stockholders pay underwriting fees and commissions.