Item 8.01 Entry into a Material Definitive Agreement.
On November 16, 2020, Ocean Power Technologies, Inc. (the "Company") issued a
press release regarding its entry into a services agreement (the "OOC
Agreement") with the Offshore Operators Committee under which the Company will
provide engineering and technical services for a new project under the DeepStar
Global Technology Consortium Program ("DeepStar®"). DeepStar® is a joint
industry technology development program focused on advancing technologies to
meet its members' needs. Along with Total, members of the Texas-based consortium
include Chevron, CNOOC, Equinor, ExxonMobil, JX Nippon, Occidental, Petrobras,
Shell, and Woodside.
A copy of the press release is filed herewith as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release issued by Ocean Power Technologies, Inc., dated November
16, 2020.
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