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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