Ocean Power Technologies, Inc. · AMEX:OPTT
Ocean Power Technologies — Corporate Update (November 2019)
31 slides from Ocean Power Technologies's corporate update, Nov 19, 2019
Slide 1: Commercial Update
OPT OCEAN POWER TECHNOLOGIES COMMERCIAL UPDATE NOVEMBER 14, 2019
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS In addition to historical information, this presentation contains forward-looking statements that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified non non by certain words or phrases su
Slide 3: Commercial Update
COMMERCIAL UPDATE George Kirby OPT President and CEO Interview by Michael Porter Porter, Levay & Rose Inc. President OPT’s Investor Relations firm OPT OCEAN POWER TECHNOLOGIES AGENDA * Projects Update * Enel Green Power Chile — South Pacific Ocean * Premier Oil — North Sea * Eni SpA — Adriatic Sea *
Slide 4: Enel Green Power Chile
OPI OCEAN POWER TECHNOLOGIES ENEL GREEN POWER CHILE SOUTH PACIFIC OCEAN
Slide 5: Project Update: Enel Green Power Chile (EGP)
PROJECT UPDATE: ENEL GREEN POWER CHILE (EGP) agen £ * First commercial sale of an OPT PB3 ed © PowerBuoy® ee | * Two contracts signed in September 2019 o° Zo * OPT to deliver a complete Turn-Key solution pa * * PB3 PowerBuoy®, mooring, transport, and ~e@ deployment * Open Sea Lab solution * Deployme
Slide 6: Project Update: Enel Green Power Chile (EGP)
PROJECT UPDATE: ENEL GREEN POWER CHILE (EGP) -_ Established by the Chilean Ministry of Energy IM=e (| C through the Chilean government organization CORFO (Production Development Corporation) Programa De Atraccion De Centros De Excelencia Internacional En l+d (Attraction Program for International R+D
Slide 7: What Is an Open Sea Lab?
WHAT IS AN OPEN SEA LAB? OPT OCEAN POWER TECHNOLOGIES vr Shore Station (: NS F . PBS PowerBuoy® Umbilical Power & Data Cable
Slide 8: What Makes Up an Open Sea Lab? (Offshore)
WHAT MAKES UP AN OPEN SEA LAB? Offshore ¢ Acoustic doppler * Water quality sensors» OPT PB3 PowerBuoy® current profiler (ADCP) on the sea floor wry as OPT : OCEAN POWER TECHNOLOGIES Images for example only. Specific equipment may differ.
Slide 9: What Makes Up an Open Sea Lab? (Onshore)
WHAT MAKES UP AN OPEN SEA LAB? Onshore ¢ Wave radar * Long range wi-fi * Computer server and storage ' a a .} OPT , OCEAN POWER TECHNOLOGIES Images for example only. Specific equipment may differ.
Slide 10: Open Sea Lab system diagram
= se PBSC WEREE OL SHORE STATION - WIFI ANTENNA WAVE RADAR - SERVER © SUB-SURFACE FLOAT © FOR WATER SENSORS UMBILICAL @__ (POWER AND DATA) NKE SAMBAT. WATER SENSOR SEA FLOOR JUNCTION BOX —~_ FLOAT CABLE (POWER AND DATA) 50) NORTEK AWAC ADCP-—— ~—— SEA FLOOR JUNCTION BOX OPT OCEAN POWER TECHNOLOGIES
Slide 11: Project Status
PROJECT STATUS Shipping scheduled for February / deployment scheduled for late March OPT OCEAN POWER TECHNOLOGIES
Slide 12: Eni SpA Adriatic Sea
OPI OCEAN POWER TECHNOLOGIES ENI SpA ADRIATIC SEA
Slide 13: Project Update: Eni SpA
PROJECT UPDATE: ENI SpA ¢ PB3 PowerBuoy® successfully deployed in November 2018 in the Adriatic Sea * PB3 PowerBuoy® continuously operating error free after more than a year * ~1.647 MWh Energy Generated * Real-time data relayed to Eni operations in Italy OPT s OCEAN POWER TECHNOLOGIES
Slide 14: Project Update: Eni SpA
PROJECT UPDATE: ENI SpA Italian Prime Minister Giuseppe Conte learns about PB3 PowerBuoy® technology visiting Eni. VU OCEAN POWER |OLOGIES Eni representatives showcase PB3 PowerBuoy® solution at a recent oil and gas industry conference 14
Slide 15: Premier Oil North Sea
OPI OCEAN POWER TECHNOLOGIES PREMIER OIL NORTH SEA
Slide 16: North Sea Deployment
NORTH SEA DEPLOYMENT August 2019 Watch the video: bit.ly/OPTNorthSeaDeployment 16
Slide 17: Project Update: Premier Oil
= TIMEZERO PROJECT UPDATE: PREMIER OIL * Real-time Exclusion Zone Monitoring™ data relayed to Premier Oil operations in Aberdeen, Scotland * Real time surveillance video and radar * PB3 PowerBuoy® health continuously monitored in OPT’s New Jersey = TIMEZERO operations center * Power generation and b
Slide 18: Feasibility Study Gulf of Mexico
OPI OCEAN POWER TECHNOLOGIES FEASIBILITY STUDY GULF OF MEXICO
Slide 19: Project Update: Feasibility Study
PROJECT UPDATE: FEASIBILITY STUDY * Gulf of Mexico * Leading Oil & Gas exploration and production company * Examine use of OPT products and services in monitoring subsea wells during decommissioning activities OPT OCEAN POWER TECHNOLOGIES ag
Slide 20: Offshore Oil & Gas - Example
OFFSHORE OIL & GAS - EXAMPLE Oilfield Decommissioning Market Segment Offshore oil & gas production facilities to be decommissioned between 2018 to 2025* oO PT *Refer to Appendix for Market Supporting Information and Sources OCEAN POWER TECHNOLOGIES 20
Slide 21: The Blue Economy
OPI OCEAN POWER TECHNOLOGIES = 4 THE BLUE ECONOMY
Slide 22: Sales Pipeline
SALES PIPELINE Current Opportunities * Total pipeline: 70+ leads and opportunities in various stages ¢ 17 opportunities = $12.6M+ potential value * Majority are developing / not yet proposed OPT OCEAN POWER TECHNOLOGIES 45% Oil & Gas @ Defense & Secu rity Science & Researc h 22
Slide 23: Commercial Roadmap
COMMERCIAL ROADMAP Market Diversity Targets Consistent Applications ROBUST PIPELINE Leadership & Feet on Accountability the Street OPT OCEAN POWER TECHNOLOGIES Enterprise Customers Multi-Buoy Orders Repeat Applications Repeat Orders Revenue Stacking Transaction Quality Sales Cycle Simplified Buying
Slide 24: Jeff Wiener - Vice President of Global Sales
JEFF WIENER - VICE PRESIDENT OF GLOBAL SALES ¢ Joined OPT on November 4, 2019 * Previously Senior Vice President of Sales for EOS Energy Storage * Helped to develop and commercialize Eos’s proprietary zinc hybrid battery storage solution * 36-year veteran of General Electric ¢ Worked in the Aircraft
Slide 25: New Product Update
OPI OCEAN POWER TECHNOLOGIES NEW PRODUCT UPDATE
Slide 26: Hybrid PowerBuoy
HYBRID POWERBUOY® Prototype deployment planned for spring 2020 OPT 2s OCEAN POWER TECHNOLOGIES
Slide 27: Subsea Battery Solution
SUBSEA BATTERY SOLUTION Prototype deployment planned for Spring 2020 ae neon ‘Shell charging by hybrid Buoy (OPT Control Board BMS Battery fuse OPT 2 OCEAN POWER TECHNOLOGIES
Slide 28: Commercial Update
OPT OCEAN POWER TECHNOLOGIES COMMERCIAL UPDATE NOVEMBER 14, 2019
Slide 29: Thank You
OPT OCEAN POWER TECHNOLOGIES Investor Relations: Matthew Abenante, IRC THANK YOU Erle esha Phone: 212-564-4700 Ocean Power Technologies, Inc. www.OceanPowerTechnologies.com
Slide 30: Appendix
OPT. OCEAN POWER TECHNOLOGIES APPENDIX
Slide 31: Decommissioning Sources
DECOMMISSIONING SOURCES * Oil & Gas UK Decommissioning Insight 2017 https://oilandgasuk.co.uk/wp- content/uploads/2017/11/Decommissioning-Report-2017-27-Nov-final.pdf + Decommissioning Opportunities in Brazil's Oil and Gas Horizon https://www.export.gov/article?id=Decommissioning-Opportunities-in-Br
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