News Releases

Pennington, NJ, USA, 3 October 2005 - Ocean Power Technologies, Inc (“OPT” or the “Company”) (London Stock Exchange: AIM-OPT), announces that it has received additional funding of US $2.8 million for its on-going contract from the US Navy to build a wave power station off the Hawaiian island of

Pennington, NJ, USA, 9 August 2005 - Ocean Power Technologies, Inc (“OPT” or the “Company”) (London Stock Exchange: AIM-OPT). The United States Energy Bill was signed by President George W. Bush yesterday, and, for the first time has included specific language to provide financial incentives for

Pennington, NJ, USA, 20 June 2005 - Ocean Power Technologies, Inc (“OPT”, or the “Company”) (London Stock Exchange:AIM-OPT), announced today that its European subsidiary, Ocean Power Technologies Limited (“OPT Ltd”) has signed an agreement with Total Energie Développement S.A.S (“Total”) and

Pennington, NJ, USA, 11 October 2004 - Ocean Power Technologies, Inc (“OPT”, or the “Company”) (London Stock Exchange:AIM-OPT), a leading renewable energy technology company that is commercialising its off-shore wave-powered electrical generation systems, is pleased to announce the appointment of

Pennington, NJ, August 4, 2004 – Ocean Power Technologies, Inc. (London Stock Exchange:AIM-OPT) announced today that it has signed a Joint Venture Agreement with Iberdrola S.A., Sodercan S.A. and IDAE S.A. for the development, construction and operation of a wave power station off the coast of the

Pennington, NJ, June 18, 2004 – Ocean Power Technologies, Inc. (LSE:AIM-OPT) announced today that it has installed one of its PowerBuoyTM units near Kaneohe Bay in the State of Hawaii. This deployment is part of the first phase of the Company's contract from the US Navy, for installation of a 1

Pennington, NJ, May 19, 2004 - Ocean Power Technologies Inc. (LSE: AIM-OPT) has been awarded an initial $550,000 contract by Lockheed Martin Corp. (NYSE:LMT) to provide a wave energy generating system to power underwater sensing equipment. The nine-month contract supports a Lockheed Martin and OPT

Ocean Power Technologies Inc., (London Stock Exchange AIM: OPT) (“OPT”) announced today that it has signed a Memorandum of Understanding with Iberdrola S.A. to build an OPT Wave Power Station off the northern coast of Spain. Based in Madrid, Iberdrola is one of the largest renewable energy

Ocean Power Technologies, Inc. (“OPT”) (AIM-OPT) is pleased to announce today that it has been awarded a $500,000 contract from the New Jersey Board of Public Utilities Office under its new Renewable Energy and Economic Development (“REED”) Program.

Ocean Power Technologies, Inc. (OPT) announced today that it received funding of four million three hundred thousand dollars (US $4,300,000) from the US Navy s Office of Naval Research for the first major phase of a wave power project in Hawaii. Under this phase of the project, the Company expects