Ocean Power Technologies to Announce Fiscal Second Quarter Results and Host Conference Call on December 13, 2013

Ocean Power Technologies to Announce Fiscal Second Quarter Results and Host
Conference Call on December 13, 2013

PENNINGTON, N.J., Dec. 3, 2013 (GLOBE NEWSWIRE) -- Ocean Power Technologies,
Inc. (Nasdaq:OPTT) ("OPT" or the "Company"), a leading wave energy technology
company, today announced that it will release its fiscal second quarter
financial results before the market opens on Friday, December 13, 2013. A
conference call to review these results will be held at 10:00 a.m. Eastern
Time that day; Charles F. Dunleavy, Chief Executive Officer, will host the
call and webcast.

The call will be available by telephone at 866-383-8009 (toll free in the
U.S.) or 617-597-5342 (for international callers), using passcode 52870763.
Investors may also access a webcast by visiting the Company's website at
www.oceanpowertechnologies.com and clicking on the Investor Relations tab,
then Webcasts & Presentations. Recorded replays of the conference call will be
available on the Company's website and by telephone at 888-286-8010 (toll free
in the U.S.) or 617-801-6888 (for international callers), replay passcode
44636166, beginning at 2:00 p.m. Eastern on December 13, 2013.

About Ocean Power Technologies

Ocean Power Technologies, Inc. (Nasdaq:OPTT) is a pioneer in wave-energy
technology that harnesses ocean wave resources to generate reliable and clean
and environmentally-beneficial electricity. OPT has a strong track record in
the advancement of wave energy and participates in an estimated $150 billion
annual power generation equipment market. OPT's proprietary PowerBuoy® system
is based on modular, ocean-going buoys that capture and convert predictable
wave energy into clean electricity. The Company is widely recognized as a
leading developer of on-grid and autonomous wave-energy generation systems,
benefiting from more than 15 years of in-ocean experience. OPT is
headquartered in Pennington, New Jersey, USA with an office in Warwick, UK,
and operations in Melbourne and Perth, Australia. More information can be
found at www.oceanpowertechnologies.com.

CONTACT: Charles F. Dunleavy, Chief Executive Officer of OPT
         Telephone: +1 609 730 0400

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