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Annual Report and Accounts

28th Oct 2005 07:00

Ocean Power Technologies Inc28 October 2005 NEWS RELEASE------------------------------------------------------ Ocean Power Technologies, Inc. 1590 Reed Road Pennington, New Jersey 08534 USA OCEAN POWER TECHNOLOGIES REPORT & ACCOUNTS POSTED Pennington, NJ, USA, 28 October 2005 - Ocean Power Technologies, Inc ("OPT" orthe "Company") (London Stock Exchange: AIM-OPT), a leading renewable energytechnology company that is commercialising its off-shore wave-powered electricalgeneration systems, is pleased to advise that copies of its Annual Report andaccounts for year ended 30 April 2005 have today been posted to shareholders. Copies may be obtained free of charge from the offices of Evolution SecuritiesLimited, 100 Wood Street, London EC2V 7AN for a period of one month from thedate of this announcement. For further information, please contact: Dr. George W. Taylor, Chief Executive Charles F. Dunleavy, Chief FinancialOfficer OfficerTelephone: (609) 730-0400 Telephone: (609) 730-0400E-mail: [email protected] E-mail: [email protected] Michael Brennan, Evolution Securities Ken Cronin, Gavin Anderson &Limited CompanyTelephone: +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 PowerBuoys(TM), 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. For further information, see the Company'swebsite: www.oceanpowertechnologies.com. This information is provided by RNS The company news service from the London Stock Exchange

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