Ocean Power Technologies, Inc. · AMEX:OPTT
Ocean Power Technologies — Corporate Update (May 2019)
12 slides from Ocean Power Technologies's corporate update, May 17, 2019
Slide 1: Commercial Update
Commercial Update
Slide 2: Forward Looking Statements
OPT Forward Looking Statements a ae 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 by certain words or phrases s
Slide 3: Overview
= New Products = Sales Pipeline Ove rview = Strategic Agreements = Current Customer Projects = Q&A
Slide 4: New Revenue Channels - hybrid PowerBuoy
OPT New Revenue Channels - hybrid PowerBuoy® ee now cHNovoct = hy-brid: combined liquid fuel, solar, and lithium-ion batteries... state of the art autonomous power solution for low wave environments = Reliable and economic continuous and peak power for both topside and subsea payloads = Expected to
Slide 5: New Revenue Channels - Subsea Batteries
OPT New Revenue Channels - Subsea Batteries OCEAN POWER TECHNOLOGIES Value proposition Cost-effective and quick delivery OPT’s entry into the subsea battery market provides a complementary product to the PB3 PowerBuoy® and builds on OPT’s expertise in offshore energy storage systems. = High performa
Slide 6: Pipeline Opportunities - Market Breakdown
Pi pe | i n e OCEAN PT vosocis Opportunities - Market Breakdown 2% Current State of the Market * Oil & Gas advancing projects with less personnel * Eni project success leading to increased market interest / requests for quotations * Increased interest in unmanned / autonomous solutions across all ma
Slide 7: Sales Pipeline
Sales Pipeline OPT OCEAN POWER TECHNOLOGIES Notable Opportunities Market Existing or Potential Customer Installation Location Estimated Value (S millions) Application Comments - Status Science & Research Major Renewables Developer South Pacific >1s Monitoring / Ocean Data Collection Permits being ad
Slide 8: Highlighted Partnerships
Highlighted Partnerships cesses Saab Seaeye https://www.saabseaeye.com/ World leader in electric underwater robots and wholly owned subsidiary of Saab with facilities in UK, Sweden and the USA. Over 80% of Saab Seaeye systems are exported to 25 countries around the globe. Acteon Field Life Service h
Slide 9: Joint Development Scope
Joint Development Scope: * Standalone System Solution PowerBuoy® 7 * PowerBuoy®, Sabertooth, Docking Station, Subsea Batteries Joint Actions completed: Saab Seaeye Sabertooth AUV * Concept development * Cross-promotion of products Se" Next step: * Identify funding partner for design- ee OPT Subsea B
Slide 10: Current Customers
Current Customers Products Eni 1. Greater than 1 MWh of energy generated over six months of error free operation 2. In person meetings with Eni executives 3. Evaluating additional opportunities Premier Oil 1. Customer acceptance test — End of May 2. Deployment scheduled for August (weather dependent
Slide 11: Customer: Major Oil & Gas Operator
Customer: Major Oil & Gas Operator Location: Gulf of Mexico - 3,000 ft. depth Application: Oil & Gas Decommissioning (well monitoring) Study examines the use of OPT products in monitoring subsea wells during decommissioning Current Study: Well Monitoring During Decommissioning
Slide 12: Thank You
Thank You
Ocean Power Technologies — Corporate Update (May 2019) on 6ix