Ocean Power Tech - Result of AGM
Ocean Power Technologies, Inc. 1590 Reed RoadPennington, New Jersey 08534 USAFor Immediate Release October 10, 2007RESULTS OF ANNUAL MEETING OF STOCKHOLDERSOcean Power Technologies, Inc. (Nasdaq: OPTT and London Stock Exchange AIM: OPT)('OPT' or the 'Company') announced today that its annual meeting of stockholderswas held October 5, 2007. All resolutions were passed, including the election ofthe Board of Directors.About Ocean Power TechnologiesOcean Power Technologies, Inc. develops and is commercializing proprietarysystems that generate electricity by harnessing the renewable energy of oceanwaves. 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-likestructure creating mechanical energy that the Company's proprietary technologiesconvert into electricity.
For Further information, please contact:
Ocean Power Technologies, Inc Telephone: +1 609 730 0400
Dr. George W. Taylor, Chief Executive Officer Telephone: +1 609 730 0400
Charles F. Dunleavy, Chief Financial Officer
Corfin Communications
Telephone: +44 20 7977 0020
Ben Hunt, Neil Thapar
Collins Stewart Europe Limited Telephone:
+44 20 7523 8353
Adrian Hadden