News Releases

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

Ocean Power Technologies, Inc. today announced with Australia s largest independent energy group, Woodside Petroleum Ltd. (ASX:WPL), that Woodside has purchased a five percent stake in the US-based wave power generation company, Ocean Power Technologies, Inc. Ocean Power Technologies, Inc.