Ocean Power Technologies Announces Results of Annual Meeting of Shareholders

Mon. October 05, 2009; Posted: 11:37 AM

Pennington, N.J., Oct 05, 2009 (BUSINESS WIRE) -- OPTT | Quote | Chart | News | PowerRating -- Ocean Power Technologies, Inc. (Nasdaq: OPTT and London Stock Exchange AIM: OPT) ("OPT" or "the Company") announces that its annual meeting of shareholders was held on October 2, 2009. All resolutions were passed, including the election of the Board of Directors; the ratification of the selection of KPMG LLP as the Company's independent registered public accounting firm for fiscal year 2010; and approval of an amendment to the 2006 Stock Incentive Plan.

About Ocean Power Technologies

Ocean Power Technologies, Inc. (Nasdaq: OPTT and London Stock Exchange AIM: OPT) is a pioneer in wave-energy technology that harnesses ocean wave resources to generate reliable, clean and environmentally-beneficial electricity. OPT has a strong track record in the advancement of wave energy and participates in a $150 billion annual power generation equipment market. The Company's proprietary PowerBuoy(R) system is based on modular, ocean-going buoys that capture and convert predictable wave energy into low-cost, clean electricity. The Company is widely recognized as a leading developer of on-grid and autonomous wave-energy generation systems, benefiting from over a decade of in-ocean experience. OPT's technology and systems are insured by Lloyds Underwriters of London. OPT is headquartered in Pennington, New Jersey with offices in Warwick, UK. More information can be found at www.oceanpowertechnologies.com.

SOURCE: Ocean Power Technologies, Inc.

Ocean Power Technologies, Inc. 
Mark R. Draper, Chief Executive Officer 
Telephone: +1 609 730 0400 
or 
Charles F. Dunleavy, Chief Financial Officer 
Telephone: +1 609 730 0400 
or 
Nomura Code Securities Limited 
Juliet Thompson, Richard Potts 
Telephone: +44 20 7776 1200 
or 
Media Contact: 
Corfin Communications 
Neil Thapar, Martin Sutton, Claire Norbury 
Telephone: +44 20 7977 0020

For full details on Ocean Power Tech Inc (OPTT) click here. Ocean Power Tech Inc (OPTT) has Short Term PowerRatings of 4. Details on Ocean Power Tech Inc (OPTT) Short Term PowerRatings is available at This Link.

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