Ocean Power Technologies Acquires Subsea Developmental Technology Assets From Columbia Power Technologies Effective July 22; Terms Not Disclosed

Ocean Power Technologies, Inc.

Ocean Power Technologies, Inc.

OPTT

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The transaction has been structured as an asset acquisition, securing ownership of strategic intellectual property and technical capabilities while preserving financial flexibility.

In addition to expanding OPT's technology portfolio, the acquisition includes developmental work and early customer engagement that can accelerate commercialization, reduce development risk and shorten the Company's path to market for future subsea solutions.

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