Paragon Technologies urges Ocean Power shareholders to vote blue proxy card

Paragon Technologies, owning approximately 4.8% of the outstanding shares of Ocean Power Technologies, asks shareholders to disregard “misleading statements” from OPT about your vote not counting on the BLUE proxy card. The firm said, “Your vote does count. The Delaware court, not OPT, will determine the voting…If you didn’t receive a BLUE PROXY CARD and want to vote to send OPT’s Board and CEO a message to stop the destruction of shareholder value, please provide us with your contact information, and we will arrange to have the BLUE PROXY CARD sent to you…By voting on Paragon’s BLUE universal proxy card, you can send a message to OPT that you do not support their actions in relation to the Annual Meeting and attempting to block the recognition of Paragon’s nominees. OPT has said that it will disregard proxy votes in favor of Paragon’s director nominees. Whether OPT may lawfully disregard Paragon’s director nominees is an issue that Paragon expects will be resolved by the Delaware courts.”