Exhibit 99.1 Ocean Power Technologies, Inc. Announces Third Quarter Fiscal 2024 Results Continued Growth in Pipeline, Revenue, and Gross Profit Reported MONROE TOWNSHIP, N.J., March 13, 2024 (GLOBE NEWSWIRE) - Ocean Power Technologies, Inc. (“OPT” or “the Company”) (NYSE American: OPTT), today announced financial results for its fiscal third quarter ended January 31, 2024 (“Q324”), including year over year revenue, gross profit, and pipeline growth. Financial Highlights from the third quarter: ● The Company ...