Pennington, N.J.--(BUSINESS WIRE)--Oct. 5, 2009--
Ocean Power Technologies, Inc. (Nasdaq: OPTT and London Stock Exchange
AIM: OPT) ("OPT" or “the Company") announces that its annual meeting of
shareholders was held on October 2, 2009. All resolutions were passed,
including the election of the Board of Directors; the ratification of
the selection of KPMG LLP as the Company’s independent registered public
accounting firm for fiscal year 2010; and approval of an amendment to
the 2006 Stock Incentive Plan.
About Ocean Power Technologies
Ocean Power Technologies, Inc. (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
the advancement of wave energy and participates in a $150 billion annual
power generation equipment market. The Company's proprietary PowerBuoy®
system is based on modular, ocean-going buoys that capture and convert
predictable wave energy into low-cost, clean electricity. The Company is
widely recognized as a leading developer of on-grid and autonomous
wave-energy generation 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, Inc.
Ocean Power Technologies, Inc.
Mark R. Draper, Chief
Executive Officer
Telephone: +1 609 730 0400
or
Charles
F. Dunleavy, Chief Financial Officer
Telephone: +1 609 730 0400
or
Nomura
Code Securities Limited
Juliet Thompson, Richard Potts
Telephone:
+44 20 7776 1200
or
Media Contact:
Corfin
Communications
Neil Thapar, Martin Sutton, Claire Norbury
Telephone:
+44 20 7977 0020
