Ocean Power Technologies

AIM listed Ocean Power Technologies, Inc. (OPT) is the world's first publicly listed w ave power company. It is commercialising its proprietary technology for the generation of electrical power using the energy of ocean waves. OPT's wave energy systems are based on modular, buoy-like structures, called PowerBuoysTM, which are 'intelligent' systems capable of responding to differing w ave conditions. The Company's ocean-tested systems have the potential to provide cost competitive, clean electrical pow er on a large scale.

OPT is the leader in cost-effective, advanced, and environmentally sound offshore wave power technology. The electrical power generated by OPT's technology is key to meeting the energy needs of utilities, independent power producers and the public sector.

OPT's PowerBuoy'99 system extracts the natural energy in ocean waves, and is based on the integration of patented technologies in hydrodynamics, electronics, conversion mechanics, and computer control systems.

The result is a leading edge, ocean-tested, proprietary system which generates reliable, clean, and environmentally-beneficial electricity.