On February 2, 2024, Paragon Technologies, Inc issued a press release relating to Ocean Power Technologies, Inc postponed annual meeting and urged shareholders to disregard all the messages from the Company and not to vote on any white proxy card. Paragon Technologies stated that it has shared facts about the Company i)During the past 3 plus years under CEO Stratmann and a newly composed Board, the Company shares have declined by approximately 90% percent; ii) Nearly every single day, the Company shares are declining and will likely continue to do so under the current strategy and misleading statements about the condition of the Company; iii) A significant portion of shares that support the Company are institutional funds investing other people?s money who typically vote according to bureaucratic mandates rather than the well-being of actual shareholders.