UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
Exchange Act of 1934 (Amendment No. )
Filed by the Registrant þ
Filed by a Party other than the Registrant o
Filed by a Party other than the Registrant o
Check the appropriate box:
| o | Preliminary Proxy Statement | |
| o | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) | |
| o | Definitive Proxy Statement | |
| þ | Definitive Additional Materials | |
| o | Soliciting Material Pursuant to §240.14a-12 |
Ocean Power Technologies, Inc.
Payment of Filing Fee (Check the appropriate box):
| þ | No fee required. | |
| o | Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. |
| (1) | Title of each class of securities to which transaction applies: | ||
| (2) | Aggregate number of securities to which transaction applies: | ||
| (3) | Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): | ||
| (4) | Proposed maximum aggregate value of transaction: | ||
| (5) | Total fee paid: | ||
| o | Fee paid previously with preliminary materials. | |
| o | Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. |
| (1) | Amount Previously Paid: | ||
| (2) | Form, Schedule or Registration Statement No.: | ||
| (3) | Filing Party: | ||
| (4) | Date Filed: | ||
OCEAN POWER TECHNOLOGIES ANNUAL MEETING AND PROXY MATERIAL
Pennington, NJ — September 3, 2010 — Ocean Power Technologies, Inc. (Nasdaq: OPTT and London
Stock Exchange AIM: OPT) (“OPT” or “the Company”) announces today that the Annual Meeting of
Stockholders of the Company will be held on Thursday, October 7, 2010 at 10:00 a.m. Eastern Time,
at the Company’s headquarters at 1590 Reed Road, Pennington, New Jersey 08534, USA. At the Annual
Meeting, stockholders will be asked to consider and vote upon (i) the election of six directors to
the Company’s Board and (ii) the ratification of the selection of KPMG LLP as the Company’s
independent registered public accounting firm for fiscal year 2011.
Stockholders of record as of the close of business on Wednesday, August 19, 2010 are entitled to
notice of, and to vote at, the Company’s Annual Meeting. The Company has mailed to all stockholders
of record as of that date proxy materials, which include the Company’s Proxy Statement and Annual
Report, describing in detail the matters to be considered at the Annual Meeting. All stockholders
(whether record or beneficial holders) may request a copy of the Company’s proxy materials by
contacting the Company at info@oceanpowertech.com. In addition, stockholders may access
these documents electronically on the Company’s website at www.oceanpowertechnologies.com
under the Investor Relations tab. Copies of the proxy materials will also be available for
inspection at the offices of the Company’s Nominated Adviser, Nomura Code Securities Limited, 1
Carey Lane, London EC2V 8AE, UK.
Forward-Looking Statements
This release may contain “forward-looking statements” that are within the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the
Company’s current expectations about its future plans and performance, including statements
concerning the impact of marketing strategies, new product introductions and innovation, deliveries
of product, sales, earnings and margins. These forward-looking statements rely on a number of
assumptions and estimates which could be inaccurate and which are subject to risks and
uncertainties. Actual results could vary materially from those anticipated or expressed in any
forward-looking statement made by the Company. Please refer to the Company’s most recent Form 10-K
for a further discussion of these risks and uncertainties. The Company disclaims any obligation or
intent to update the forward-looking statements in order to reflect events or circumstances after
the date of this release.
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 and clean and
environmentally-beneficial electricity. OPT has a strong track record in the advancement of wave
energy. The Company participates in a $150 billion annual power generation equipment market. OPT’s
proprietary PowerBuoy® system is based on modular, ocean-going buoys that capture and convert
predictable wave energy into 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 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.
Contact information:
Ocean Power Technologies, Inc. Charles F. Dunleavy, Chief Executive Officer Brian M. Posner, Chief Financial Officer |
Telephone: +1 609 730 0400 |
|
Nomura Code Securities Limited Juliet Thompson, Richard Potts |
Telephone: +44 20 7776 1200 |
|
Media Contact: Corfin Public Relations Neil Thapar, Claire Norbury |
Telephone: +44 20 7596 2860 |