10th May 2007 08:00
Ocean Power Technologies Inc10 May 2007 NEWS RELEASE------------------------------------------------------ Ocean Power Technologies, Inc. 1590 Reed Road Pennington, New Jersey 08534 USA For Immediate Release May 10, 2007 Admission and first day of dealings Ocean Power Technologies, Inc. (Nasdaq: OPTT and London Stock Exchange AIM: OPT)("OPT" or the "Company") announces that following the commencement of OPT'sUnited States public offering and the listing of its common stock on NASDAQ onApril 25, 2007 and the change of the Company's state of incorporation from NewJersey to Delaware, USA, its 5,186,254 previously issued shares of common stockand the 5,000,000 new shares of common stock issued in the US offering havetoday been admitted to trading on AIM. The Company's total issued voting share capital admitted to trading on AIMconsists of 10,186,254 shares of common stock, each with one voting right pershare. This figure may be used by shareholders as the denominator for thecalculations by which they will determine if they are required to notify theirinterest in, or a change to their interest in, the share capital of the Companyin accordance with the AIM rules. About Ocean Power Technologies Ocean Power Technologies, Inc. develops and is commercializing proprietarysystems that generate electricity by harnessing the renewable energy of oceanwaves. 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-likestructure creating mechanical energy that the Company's proprietary technologiesconvert into electricity. For further information, please contact: Ocean Power Technologies, Inc Dr. George W. Taylor, Chief Executive Officer Telephone: +1 609 730 0400Charles F. Dunleavy, Chief Financial Officer Telephone: +1 609 730 0400 Corfin Communications Telephone: +44 20 7929 8989Ben Hunt, Neil Thapar This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Optima Health