Optima Health Regulatory News (OPT)

6 May 2005 16:17

Ocean Power Technologies Inc06 May 2005 NEWS RELEASE Ocean Power Technologies, Inc. 1590 Reed Road Pennington, New Jersey 08534 USA ADDITIONAL LISTING OF SHARES Pennington, NJ, USA, 6 May 2005 - Ocean Power Technologies, Inc ("OPT" or the"Company") (London Stock Exchange: AIM-OPT). Further to the announcement made on22 April 2005 relating to the exercise of options by Charles Dunleavy, adirector of the Company, application has been made to the AIM Market of theLondon Stock Exchange ("AIM") for the admission to trading of 16,666 commonshares of $0.001 par value each in the Company ("Common Shares"). These CommonShares are being issued pursuant to the exercise of options and rank pari passuwith the Company's existing Common Shares. Dealings on AIM are expected tocommence on 10 May 2005. Following this listing the Company will have 51,512,953 Common Shares in issue. For further information, please contact: Dr. George W. Taylor, Chief Executive Charles F. Dunleavy, Chief FinancialOfficer OfficerTelephone: (609) 730-0400 Telephone: (609) 730-0400E-mail: gtaylor@oceanpowertech.com E-mail: cdunleavy@oceanpowertech.com Michael Brennan, Evolution Securities Ken Cronin, Gavin Anderson & Co.Telephone: +44 207 071 4300 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 Exchange