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Sat Nov 21, 2009

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Nov 08, 2009 (The Australian - ABIX via COMTEX) -- Ocean Power Technologies (OPT) has won the $A66.5m grant to build a $A200m wave energy facility in Victoria. OPT beat rivals bidders including Oceanlinx and Carnegie Wave Technology to secure the contract. It will collaborate with Leighton Contractors to build the 19 megawatt plant. However, OPT's former sponsoring broker on the London Stock Exchange's Alternative Investment Market, Collins Stewart, has criticised the US firm for being unable to deliver on projects.

Publication Date: 9 November 2009

OCEAN POWER TECHNOLOGIES (AUSTRALASIA) PTY LTD
OCEAN POWER TECHNOLOGIES INCORPORATED
LONDON STOCK EXCHANGE.  ALTERNATIVE INVESTMENT MARKET
COLLINS STEWART INCORPORATED
CARNEGIE WAVE ENERGY LIMITED
BIOPOWER SYSTEMS PTY LTD
OCEANLINX LIMITED
WOODSIDE PETROLEUM LIMITED - ASX WPL
LEIGHTON CONTRACTORS PTY LTD
NOMURA SECURITIES COMPANY LIMITED
AUSTRALIA.  DEPT OF RESOURCES, ENERGY AND TOURISM
LOCKHEED MARTIN CORPORATION
GRIFFIN ENERGY PTY LTD
NASDAQ
MITSUI AND COMPANY LIMITED
IBERDROLA SA
UNITED STATES NAVY

By Giles Parkinson

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