2nd May 2007 08:25
Ocean Power Technologies Inc02 May 2007 Ocean Power Technologies, Inc. 1590 Reed Road Pennington, New Jersey 08534 USA SIGNIFICANT SHAREHOLDER Ocean Power Technologies, Inc. (Nasdaq: OPTT; London Stock Exchange AIM: OPT) ("OPT" or the "Company") was informed on April 26, 2007 that Quercus Trust has anotifiable interest of 453,500 shares representing approximately 8.74% of theissued share capital of the Company that is currently admitted to trading onAIM. 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-goingbuoys, which have been ocean tested for nearly a decade. The waves move thebuoy-like structure creating mechanical energy that the Company's proprietarytechnologies convert into electricity. For further information, please contact: Ocean Power Technologies, Inc Dr. George W. Taylor, Chief Executive Officer Telephone: +1 609 730 0400 Charles F. Dunleavy, Chief Financial Officer Telephone: +1 609 730 0400 Corfin Communications Ben Hunt, Neil Thapar Telephone: +44 20 7929 8989 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Optima Health