8th Mar 2006 17:50
Ocean Power Technologies Inc08 March 2006 NEWS RELEASE Ocean Power Technologies, Inc. 1590 Reed Road Pennington, New Jersey 08534 USA APPOINTMENT OF NOMINATED ADVISOR AND BROKER Pennington, NJ, USA, 9 March 2006 - Ocean Power Technologies, Inc ("OPT", or the"Company") (London Stock Exchange: AIM-OPT), is pleased to announce that it hasappointed Collins Stewart Limited as its nominated adviser and broker withimmediate effect. For further information, please contact: Dr. George W. Taylor, Chief Executive Officer Charles F. Dunleavy, Chief Financial Officer Telephone: (609) 730-0400 Telephone: (609) 730-0400 E-mail: [email protected] E-mail: [email protected] Stephen Keys, Collins Stewart Limited Ken Cronin, Gavin Anderson & Company +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 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