News Release Details

PENNINGTON, N.J., Mar 25, 2008 (BUSINESS WIRE) -- Ocean Power Technologies, Inc. (Nasdaq: OPTT and London Stock Exchange AIM: OPT) ("OPT" or the "Company") announces that Dr. George Taylor, Chief Executive Officer, will be speaking at the Bank of America 2008 Small and Mid-Cap Conference in Boston on March 27, 2008. The talk will focus on OPT's present and future business outlook. Charles F. Dunleavy, Chief Financial Officer, will also be in attendance at the conference. The speech will be broadcast via a webcast beginning at 8:50 a.m. ET.

Investors and other interested parties may access the webcast by visiting the website http://www.veracast.com/webcasts/bas/smidcap08/id11202271.cfm

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.

SOURCE: Ocean Power Technologies, Inc.

Ocean Power Technologies, Inc
Dr. George W. Taylor, +1 609 730 0400
Chief Executive Officer
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Charles F. Dunleavy, +1 609 730 0400
Chief Financial Officer
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Corfin Communications
Martin Sutton / Neil Thapar, +44 20 7977 0020
or
Collins Stewart Europe Limited
Adrian Hadden, +44 20 7523 8350