8th Feb 2005 09:12
Ocean Power Technologies Inc08 February 2005 NEWS RELEASE Ocean Power Technologies,Inc. 1590 Reed Road Pennington, New Jersey 08534 USAFor Immediate Release ADDITIONAL LISTING OF SHARES Pennington, NJ, USA, 8 February 2005 - Ocean Power Technologies, Inc ("OPT" orthe "Company") (London Stock Exchange: AIM-OPT). Pursuant to the Company's 2001Stock Plan, options over 22,500 shares of common stock of US$0.001 each ("CommonStock") have been exercised at an average price of US$0.73 per share of CommonStock. Accordingly, the Company has allotted 22,500 shares of Common Stock andapplication has been made to the AIM market of the London Stock Exchange ("AIM")for the admission to trading of these 22,500 shares of Common Stock. Theseshares rank pari passu with the Company's existing shares of Common Stock anddealings on AIM are expected to commence on 11 February 2005. For further information, please contact: Dr. George W. Taylor, Charles F. Dunleavy, Chief Executive Officer Chief Financial OfficerTelephone: (609) 730-0400 Telephone: (609) 730-0400E-mail: [email protected] E-mail: [email protected] Michael Brennan, Evolution Securities Ken Cronin, Gavin Anderson & Co.Telephone: +44 207 071 4300 Telephone: +44 207 554 1400 Background Information Ocean Power Technologies, Inc. OPT is the world's first publicly listed wave power company. It iscommercialising its proprietary technology for the generation of electricalpower using the energy of ocean waves. OPT's wave energy systems are based onmodular, buoy-like structures, called PowerBuoysTM, which are "intelligent"systems capable of responding to differing wave conditions. The Company'socean-tested systems have the potential to provide cost competitive, cleanelectrical power on a large scale without the enhancements of tax credits orsubsidies. For further information, see the Company's website:www.oceanpowertechnologies.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Optima Health