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News Release Details

Ocean Power Tech - Notice of Results

Jul 23, 2007 at 2:41 AM EDT
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Ocean Power Technologies, Inc.
1590 Reed Road
Pennington, New Jersey 08534 USA

July 23, 2007

Notification of Results

Ocean Power Technologies, Inc. (Nasdaq: OPTT and London Stock Exchange AIM: OPT) ('OPT' or the 'Company') advises that it will be announcing its results for the financial year ending April 30, 2007 on Monday, July 30, 2007.

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.

For Further information, please contact:

Ocean Power Technologies, Inc
Telephone: +1 609 730 0400
Dr. George W. Taylor, Chief Executive Officer
Charles F. Dunleavy, Chief Financial Officer

Corfin Communications
Telephone: +44 20 7929 8989
Ben Hunt, Neil Thapar

Collins Stewart
Telephone: +44 20 7523 8353
Adrian Hadden