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News Release Details

Ocean Power Technologies to Host Audio Webcast on Quarterly Results

Sep 11, 2007 at 4:04 AM EDT
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PENNINGTON, N.J--(BUSINESS WIRE)--Sept. 11, 2007--Ocean Power Technologies, Inc. (Nasdaq:OPTT) (LSE:OPT) ("OPT" or the "Company") will host an audio webcast to review its fiscal quarter ended July 31, 2007 results and related matters on Tuesday, September 18, 2007, at 11:00 a.m. Eastern Time. Dr. George W. Taylor, Chief Executive 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.

About Ocean Power Technologies

Ocean Power Technologies, Inc. develops and is commercializing proprietary systems that generate electricity by harnessing the renewable energy of ocean waves. The Company's PowerBuoy(R) system is based on modular, ocean-going buoys, which have been ocean tested for nearly a decade. The waves move the buoy-like structure creating mechanical energy that the Company's proprietary technologies convert into electricity.


    CONTACT: Ocean Power Technologies, Inc
             Dr. George W. Taylor, Chief Executive Officer
             Telephone: +1 609 730 0400
             or
             Charles F. Dunleavy, Chief Financial Officer
             Telephone: +1 609 730 0400
             or
             Corfin Communications
             Ben Hunt, Neil Thapar
             Telephone: +44 20 7977 0020
             or
             Collins Stewart Europe Limited
             Adrian Hadden
             Telephone: +44 20 7523 8353

    SOURCE: Ocean Power Technologies, Inc.