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News Release Details

Ocean Power Technologies to Host Audio Webcast on Year-End Results

Jul 25, 2007 at 4:50 AM EDT
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PENNINGTON, N.J.--(BUSINESS WIRE)--July 25, 2007--Ocean Power Technologies, Inc. (Nasdaq:OPTT) (LSE:OPT) ("OPT" or the "Company") will host an audio webcast to review its fiscal year-ended April 30, 2007 results and related matters on Tuesday, July 31, 2007, at 11:00 a.m. Eastern Time. Dr. George W. Taylor, Chief Executive Officer, and Charles F. Dunleavy, Chief Financial Officer, will host the webcast.

Investors and other interested parties may access the webcast by visiting the Company's website at www.oceanpowertechnologies.com and clicking on the Investor Relations tab, then Webcasts and Presentations.

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.

CONTACT:
Ocean Power Technologies, Inc
Dr. George W. Taylor, +1-609-730-0400
Chief Executive Officer
or
Charles F. Dunleavy, +1-609-730-0400
Chief Financial Officer
or
Corfin Communications
Ben Hunt or Neil Thapar, +44 20 7929 8989
or
Collins Stewart
Adrian Hadden, +44 20 7523 8353

SOURCE: Ocean Power Technologies, Inc.