24.9.2007: Meldung: Ocean Power Technologies, Inc.: Additional listing of shares
Ocean Power Technologies Inc
24 September 2007
Ocean Power Technologies, Inc.
1590 Reed Road
Pennington, New Jersey 08534
For Immediate Release
September 24, 2007
Additional Listing of Shares
Ocean Power Technologies, Inc. (Nasdaq: OPTT and London Stock Exchange AIM: OPT)
("OPT" or the "Company") announces that pursuant to the Company"s 2001 Stock Plan, options over 2,250 shares of common stock of US$0.001 each ("Common Stock") have been exercised at an average price of US$7.70 per share of Common Stock. Accordingly, the Company has allotted 2,250 shares of Common Stock and application has been made to the AIM market of the London Stock Exchange ("AIM") for the admission to trading of these 2,250 shares of Common Stock. These shares rank pari passu with the Company"s existing shares of Common Stock and dealings on AIM are expected to commence on September 28, 2007.
Following this listing the Company will have 10,192,854 Common shares in issue.
About Ocean Power Technologies
Ocean Power Technologies, Inc. develops and is commercializing proprietary systems that generate electricity by harnessing the renewable energy of ocean waves. 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-like structure creating mechanical energy that the Company"s proprietary technologies
convert into electricity.
For Further information, please contact:
Ocean Power Technologies, Inc Telephone: +1 609 730 0400
Dr. George W. Taylor, Chief Executive Officer Telephone: +1 609 730 0400
Charles F. Dunleavy, Chief Financial Officer
Corfin Communications Telephone: +44 20 7977 0020
Ben Hunt, Neil Thapar
Collins Stewart Europe Limited Telephone: +44 20 7523 8353