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Ocean Power Technologies to Benefit from New Energy Bill, Article Posted on BeaconEquity.com

10/16/2008 (BAYSTREET NEWSWIRE)

DALLAS, Texas - BeaconEquity.com announces the publication of “Ocean Power Technologies to Benefit from New Energy Bill.” The article discusses a recent act pushed through legislation that will fuel marine renewable energies.

 

Investors can view all of the investment articles for free by visiting: http://www.beaconequity.com/m - Click on News and Commentary

 

In the article the author writes:

 

"Ocean Power Technologies Inc. (NASDAQ: OPTT) today announced it expects to benefit from the long-awaited energy legislation recently passed by the U.S. Congress and signed into law by U.S. President George W. Bush.  The Energy Improvement and Extension Act of 2008, as part of H.R. 1424, was signed by the president on October 3, 2008, effective immediately.

 

New energy bill provides tax credits for wave power projects:

 

The wide-ranging energy bill for the first time provides federal tax credits to owners of wave power projects, enabling economic feasibility of wave power energy as a source of renewable energy in the United States.

 

To read the entire article visit http://www.beaconequity.com/m – Click on News and Commentary

 

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Source: BeaconEquity.com

 

Beacon Equity Research

Jeff Bishop, (469)-252-3505

press@beaconequity.com

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