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Result of AGM

10th Oct 2007 07:01

Ocean Power Technologies Inc10 October 2007 NEWS RELEASE------------------------------------------------------ Ocean Power Technologies, Inc. 1590 Reed Road Pennington, New Jersey 08534 USA For Immediate Release October 10, 2007 RESULTS OF ANNUAL MEETING OF STOCKHOLDERS Ocean Power Technologies, Inc. (Nasdaq: OPTT and London Stock Exchange AIM: OPT)("OPT" or the "Company") announced today that its annual meeting of stockholderswas held October 5, 2007. All resolutions were passed, including the election ofthe Board of Directors. 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 Telephone: +1 609 730 0400Dr. George W. Taylor, Chief Executive Officer Telephone: +1 609 730 0400Charles F. Dunleavy, Chief Financial Officer Corfin Communications Telephone: +44 20 7977 0020Ben Hunt, Neil Thapar Collins Stewart Europe Limited Telephone: +44 20 7523 8353Adrian Hadden This information is provided by RNS The company news service from the London Stock Exchange

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