Paragon asks ocean power ceo stratmann to provide shareholder transparency to recent announcements - believes ocean power will report significant losses in upcoming quarterly earnings release

Easton, pa / accesswire / february 15, 2024 / paragon technologies, inc. ("paragon"), a diversified holding company, owning approximately 4.8% of the outstanding shares of ocean power technologies, inc. (nyse american:optt), ("company") ("opt"), calls on ocean power's ceo phillip stratmann to immediately provide shareholders with appropriate transparency regarding opt's recent order and funding announcements and how they impact the company's bottom line in light of the company's unsustainable expenses. having failed on two separate occasions to achieve enough shareholder support for a quorum and thus delaying its annual meeting, we believe opt is providing shareholders with incomplete and biased information regarding its recent contract and funding awards in an attempt to influence shareholders.
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