Ocean Power Technologies to Announce Second Quarter Results and Host Audio Webcast
Further, the Company will host an audio webcast to review its second quarter results and related matters on Wednesday, December 10, 2008, at 10:00 a.m. Eastern Time. Dr. George W. Taylor, Chief Executive Officer, Mark R. Draper, Chief Operating Officer, and Charles F. Dunleavy, Chief Financial Officer, will host the webcast.
Investors and other interested parties may access the webcast by visiting the Company's website at www.oceanpowertechnologies.com and clicking on the Investor Relations tab, then Webcasts and Presentations.
In addition, parties without web access may listen to the presentation by calling:
877-857-6150 (Toll free call in the US) or 719-325-4763 (Toll call).
Forward-Looking Statements
This release may contain "forward-looking statements" that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company's current expectations about its future plans and performance, including statements concerning the impact of marketing strategies, new product introductions and innovation, deliveries of product, sales, earnings, and margins. These forward-looking statements rely on a number of assumptions and estimates which could be inaccurate and which are subject to risks and uncertainties. Actual results could vary materially from those anticipated or expressed in any forward-looking statement made by the Company. Please refer to the Company's most recent Form 10-K for a further discussion of these risks and uncertainties. The Company disclaims any obligation or intent to update the forward-looking statements in order to reflect events or circumstances after the date of this release.
About Ocean Power Technologies
Ocean Power Technologies (Nasdaq: OPTT and London Stock Exchange AIM: OPT) is a pioneer in wave-energy technology that harnesses ocean wave resources to generate reliable, clean, and environmentally-beneficial electricity. OPT has a strong track record in harnessing wave energy and participates in a $150 billion renewable energy market. The Company's proprietary PowerBuoy(R) system is based on modular, ocean-going buoys that capture and converts predictable wave energy into low-cost, clean electricity. The Company is widely recognized as the leading provider of on-grid and autonomous wave-energy generation with its energy systems benefiting from over a decade of in-ocean experience. OPT's technology and systems are insured by Lloyds Underwriters of London. OPT is headquartered in Pennington, New Jersey with offices in Warwick, UK. More information can be found at www.oceanpowertechnologies.com.
SOURCE: Ocean Power Technologies
Ocean Power Technologies, Inc. Dr. George W. Taylor, Chief Executive Officer Telephone: +1 609 730 0400 Charles F. Dunleavy, Chief Financial Officer Telephone: +1 609 730 0400 or Media Contact in United States: Edelman Mona J. Walsh Telephone: +1 212 704 4598 Email: mona.walsh@edelman.com or Media Contact in United Kingdom: Corfin Communications Neil Thapar, Martin Sutton Telephone: +44 20 7977 0020 or Collins Stewart Europe Limited Adrian Hadden Telephone: +44 20 7523 8350