On December 28, 2023, Paragon Technologies, Inc announced that it has issued a statement relating to Ocean Power Technologies, Inc and reminded shareholders to only vote the blue proxy card that is being mailed to them and disregard the white proxy card mailed by the Ocean Power Technologies. Paragon Technologies stated that that the Company wants shareholders to believe it will not count any votes for Paragon?s nominees. However, Paragon reminds the Company shareholders that their vote matters and that, ultimately, the Delaware Courts will determine the election results.