CORRESP
 

Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549
Attention:
  H. Christopher Owings, Assistant Director
 
  Peggy Kim, Senior Attorney
 
  Anita Karu, Attorney-Advisor
April 23, 2007
     
Re:
  Acceleration Request
 
  Ocean Power Technologies, Inc. (the “Company”)
 
  Registration Statement on Form S-1
 
  File No. 333-138595
Dear Ladies and Gentlemen:
     Pursuant to Rule 460 of the General Rules and Regulations under the Securities Act of 1933 (the “Act”), we, as representatives of the several Underwriters, wish to advise you that we have effected the following distribution of the Company’s Preliminary Prospectus issued April 9, 2007 through the date hereof, estimated as follows:
Preliminary Prospectus dated April 9, 2007:
579 to Underwriters
5,822 to Institutions
63 to Dealers
7,288 to Others
Total:  13,752
     We were advised on April 18, 2007 by the Corporate Financing Department of the National Association of Securities Dealers, Inc. that it has reviewed the above-captioned proposed offering and that it has determined to raise no objections with respect to the fairness of the terms and arrangements of the offering.
     In accordance with Rule 461 of the Act, we hereby join in the request of Ocean Power Technologies, Inc. for acceleration of the effective date of the above-named Registration Statement so that it becomes effective at 2:00 p.m. Eastern Daylight Time on April 24, 2007, or as soon thereafter as practicable.

 


 

         
Very truly yours,
 
       
UBS SECURITIES LLC
BANC OF AMERICA SECURITIES LLC
BEAR, STEARNS & CO. INC.
 
       
Acting severally on behalf of themselves
     and as representatives of the several
     Underwriters
 
       
By:   UBS Securities LLC
 
       
By:   /s/ DANIEL H. FLEISCHER
     
 
  Name:   Daniel H. Fleischer
 
  Title:   Director
 
       
By:   /s/ WALTER HULSE
     
 
  Name:   Walter Hulse
 
  Title:   Managing Director