Optima Health Regulatory News (OPT)

1 Dec 2005 11:24

Ocean Power Technologies Inc01 December 2005 NEWS RELEASE Ocean Power Technologies, Inc. 1590 Reed Road Pennington, New Jersey 08534 USA For Immediate Release DIRECTOR'S DEALING Pennington, NJ, USA, 1 December 2005 - Ocean Power Technologies, Inc ("OPT", orthe "Company") (London Stock Exchange:AIM-OPT), a leading renewable energytechnology company that is commercialising its off-shore wave-powered electricalgeneration systems, announces that it received notification on 30 November 2005that Mr. Charles F. Dunleavy, Chief Financial Officer and Director, has sold atotal of 75,000 shares of common stock ("Shares") at a price of 77.5p per Share. Following this sale, Mr. Dunleavy has beneficial interest in 759,766 Sharesrepresenting 1.47% of the Company's issued share capital. For further information, please contact: Dr. George W. Taylor, Charles F. Dunleavy,Chief Executive Officer Chief Financial OfficerTelephone: (609) 730-0400 Telephone: (609) 730-0400E-mail: gtaylor@oceanpowertech.com E-mail: cdunleavy@oceanpowertech.com Michael Brennan, Ken Cronin,Evolution Securities Ltd. Gavin Anderson & CompanyTelephone: +44 207 071 4312 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