On January 18, 2024, Paragon Technologies, Inc issued a statement relating to Ocean Power Technologies, Inc and Urged the shareholders to disregard CEO Phillip Stratmann?s continued misleading statements and calls on Stratmann to substantiate his claims to shareholders. Paragon Technologies stated that as shareholder, it calls on Stratmann to explain and demonstrate to shareholders precisely how the Company will indeed reach profitability in 2025 with the current capital resources. In addition, Paragon asked the shareholders to think carefully about whether the Company?s CEO and Board can be trusted with the future of the Company if they continue to make critical statements about the Company?s future without ever providing numerical substantiation of any of their claims. Paragon further expressed that the Company is in dire need of change and urged the shareholders to vote on the Paragon proxy card so it can begin the work and effort that the Company Board appears incapable of doing.