Retransmission: paragon calls out ocean power's contract award announcements in response to paragon's campaign as too little, too late

Easton, pa / accesswire / december 13, 2023 / paragon technologies, inc. ("paragon"), a diversified holding company, owning approximately 4.9% of the outstanding shares of ocean power technologies, inc. (nyse american:optt), ("company") ("opt"), calls out opt's recent contract award press releases in response to paragon's criticism of the financial mismanagement of opt as yet another attempt to divert shareholder attention from the degrading financial condition of the company. when paragon expressed its grave concerns to the opt board regarding the company's alarming financial losses and rapid decline in shareholder value, paragon requested that its three directors be part of opt's six-member board, thus contributing an equal voice on the board.
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