Director's Dealing
October 06 2010 - 12:00PM
UK Regulatory
TIDMOPT
RNS Number : 9891T
Ocean Power Technologies Inc
06 October 2010
DIRECTOR'S DEALING
Pennington, NJ - October 6, 2010 -- Ocean Power Technologies, Inc. (Nasdaq: OPTT
and London Stock Exchange AIM: OPT) ("OPT" or the "Company") announces that it
received notification on October 4 and October 5, 2010 that Dr. George W.
Taylor, Executive Chairman and Director of OPT, had sold, on October 4 and
October 5, 2010, a total of 22,800 shares of common stock at prices ranging from
US$5.20 per share to US$5.55 per share.
Following this sale Dr. Taylor holds 683,001 shares, representing 6.6% of the
Company's issued share capital.
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 and clean and environmentally-beneficial electricity. OPT has
a strong track record in the advancement of wave energy. The Company
participates in a $150 billion annual power generation equipment market. OPT's
proprietary PowerBuoy 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 over a decade of in-ocean
experience. OPT's systems are insured by Lloyds Underwriters of London. OPT is
headquartered in Pennington, New Jersey with an office in Warwick, UK. More
information can be found at www.oceanpowertechnologies.com.
**********
Contact information:
+----------------------------------------+---------------------------------+
| Ocean Power Technologies, Inc. | |
| Charles F. Dunleavy, Chief Executive | Telephone: +1 609 730 0400 |
| Officer | |
| Brian M. Posner, Chief Financial | |
| Officer | |
+----------------------------------------+---------------------------------+
| Nomura Code Securities Limited | |
| Juliet Thompson, Richard Potts | Telephone: +44 20 7776 1200 |
+----------------------------------------+---------------------------------+
| Media Contact: | |
| Corfin Public Relations | |
| Neil Thapar, Claire Norbury | Telephone: +44 20 7596 2860 |
| | |
+----------------------------------------+---------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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