SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Ocean Power Technologies, Inc. and Certain Officers – OPTT

NEW YORK, NY–(Marketwired – Aug 1, 2014) – ┬áPomerantz LLP has filed a class action lawsuit against Ocean Power Technologies, Inc. (“Ocean Power” or the “Company”)(NASDAQ: OPTT) and certain of its officers.┬áThe class action, filed in United States District Court, District of New Jersey, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired Ocean Power securities between January 14, 2014 and June 9, 2014, both dates inclusive (the “Class Period”). This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws pursuant to Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.