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Tuesday, May 21, 2024

Glass Lewis, Top Independent Proxy Advisory Firm, Urges Shareholders to Vote “FOR” All Ocean Power Technologies Board Nominees Using the WHITE Proxy Card Only

Connect with the World’s Leading Marine Power Solution Provider

Ocean Power Technologies, Inc. (OPT), a pioneer in providing groundbreaking and economically feasible low-carbon marine power, data, and service solutions, is thrilled to share the news that Glass, Lewis & Co., LLC (“Glass Lewis”), a highly regarded independent proxy advisory firm, has joined Institutional Shareholder Services Inc. (“ISS”) in endorsing the Company’s recommendation for shareholders to vote ONLY on the WHITE proxy card “FOR” all of the OPT Board of Directors.

This essential support from both Glass Lewis and ISS is a testament to the Company’s dedication to providing the most effective and sustainable marine energy solutions. With their unwavering commitment to innovation, OPT continues to be at the forefront of pioneering technology, setting the benchmark for low-carbon marine power solutions across the globe.

The highly esteemed proxy advisory firms, Glass Lewis and ISS, have thoroughly analyzed OPT’s performance and strategy, and have both concluded that the current board’s expertise and experience make them the best choice to lead the Company forward.

OPT’s Board of Directors comprises a team of accomplished individuals with diverse backgrounds and expertise in the marine energy industry. They bring a wealth of knowledge to the table and are committed to driving the Company’s growth and success.

By voting ONLY on the WHITE proxy card “FOR” all of the OPT Board of Directors, shareholders can show their support for the Company’s proven track record of success and its ambitious plans for the future. This vote will help ensure that OPT continues to deliver cutting-edge marine power solutions and maintain its position as a leader in the industry.

As a shareholder, your vote is crucial in shaping the future of OPT and its ability to further advance marine power technology and services. We encourage all shareholders to carefully consider the proposals and cast their votes in support of OPT’s ongoing mission to deliver sustainable marine power solutions to customers worldwide.

OPT is dedicated to delivering on its promise of pioneering, cost-effective, and sustainable marine power solutions. The Company’s commitment to innovation and excellence has made it a trusted partner in the industry, and its Board of Directors continues to lead the way in advancing marine energy technology.

With your support, OPT will continue to set the standard for low-carbon marine power solutions and drive the industry towards a greener, more sustainable future. Your vote on the WHITE proxy card “FOR” all of the OPT Board of Directors is crucial in ensuring the Company’s continued success and impact in the marine energy sector.

Please consider voting on the WHITE proxy card “FOR” all of the OPT Board of Directors and help shape the future of marine power solutions with OPT. Thank you for your support and continued partnership as we work towards a greener and more sustainable future. Together, we can achieve great things.

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