23rd Mar 2006 07:01
Ocean Power Technologies Inc23 March 2006 Ocean Power Technologies, Inc. 1590 Reed Road Pennington, New Jersey 08534 USA 22nd March 2006 Ocean Power Technologies announces New Director Ocean Power Technologies, Inc ("OPT" or the "Company") (London Stock Exchange:AIM-OPT) is pleased to announce today that Thomas J. Meaney has been appointedas a non-executive member of the Company's Board of Directors. Mr. Meaney, whois 71, currently serves as President and Chief Executive Officer of MikrosSystems Corporation (NASDAQ:MKRS), a publicly-held company specialising in thedevelopment and sales of innovative electronics equipment. Previously, he heldSenior management positions at Robotic Vision Systems, Inc. (NASDAQ:RVSIQ) andat a unit of United Technologies Corporation (NYSE:UTX). Mr. Meaney received hisMaster of Science degree in Mechanical Engineering from Drexel Institute ofTechnology, and has served as a Director at Mikros Systems Corporation, RoboticVision Systems, Inc. and Dynell Electronics Corporation. He is currently adirector of Mikros Systems Corporation. There are no further details specified by Schedule 2(g)iii-viii of the AIM Rulesto be disclosed by Mr. Meaney. 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] Stephen Keys, Collins Stewart Limited Ken Cronin, Gavin Anderson & CompanyTelephone: +44 207 523 8350 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. For further information, see the Company'swebsite: www.oceanpowertechnologies.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Optima Health