Ocean Power Technologies to Announce Fiscal Fourth Quarter 2011 Results (USA)

June 29, 2011

Ocean Power Technologies, Inc. (“OPT” or the “Company”) today announced that it will release fiscal fourth quarter and full year 2011 financial results before the market opens on Thursday, July 14, 2011.

A conference call to review these results will be held at 10:00 a.m. Eastern Time that day (3:00 p.m. British Summer Time). Charles F. Dunleavy, Chief Executive Officer, and Brian M. Posner, Chief Financial Officer, will host the call and webcast.

The call will be available by telephone at 800.265.0241 (toll free in the U.S.) or +1 617.847.8704 (for international callers), using passcode 41625067. Investors may also access a webcast by visiting the Company’s website at www.oceanpowertechnologies.com and clicking on the Investor Relations tab, then Webcasts & Presentations. Recorded replays of the conference call will be available on the Company’s website and by telephone at 888.286.8010 (toll free in the U.S.) or +1 617.801.6888 (for international callers), replay passcode 19083439, beginning at 1:00 p.m. Eastern on July 14, 2011.

About Ocean Power Technologies

Ocean Power Technologies, Inc. (Nasdaq: OPTT) 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 an estimated $150 billion power generation equipment market. OPT’s proprietary PowerBuoy(R) system is based on modular, ocean-going buoys that capture and convert predictable wave energy into clean electricity. The Company is widely recognized as a leading developer of on-grid and autonomous wave energy generation systems, benefiting from 15 years of ocean experience. OPT is headquartered in Pennington, New Jersey with major offices in Warwick, UK.

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Source: oceanpowertechnologies, June 29, 2011