ORA Ormat Technologies Inc

Presentations Will be Broadcast Live via Webcast on March 15, 2007 RENO, Nev., Feb. 22 /PRNewswire-FirstCall/ -- Ormat Technologies, Inc. (NYSE:ORA) today announced that the Company will hold its first financial analyst and investor day in Reno, Nevada on Thursday, March 15, 2007 and will be followed by a tour of Ormat's Burdette Geothermal facility on the morning of Friday, March 16, 2007. An audio webcast of the presentations will be available live from 1:30 p.m. until approximately 5:30 p.m. (PDT) on Ormat's website at http://www.ormat.com/. (Logo: http://www.newscom.com/cgi-bin/prnh/20040422/LATH066LOGO ) During the event, Dita Bronicki, President and Chief Executive Officer will be joined by other members of the Company's senior management team to discuss Ormat's business and industry opportunities. In addition, Karl Gawell, Executive Director, Geothermal Energy Association; Keith Martin, Partner and Tax and Project Financing Attorney, Chadbourne & Parke; and Thomas Fair, Executive of Renewable Energy of Sierra Pacific Resources are also scheduled to present. Financial analysts and interested institutional investors may register to attend this event by contacting Marybeth Csaby, 212-896-1236 / or David Burke, 212-896-1258. About Ormat Technologies Ormat Technologies, Inc. is a vertically-integrated company primarily engaged in the geothermal and recovered energy power business. The Company designs, develops, builds, owns and operates geothermal power plants. Ormat is a pioneer in Organic Rankine Cycle (ORC) technology and a leader in the manufacture of ORC power equipment. It also designs, develops and builds, and owns and operates, recovered energy-based power plants. Additionally, the Company designs, manufactures and sells geothermal and recovered energy power units and other power generating equipment, and provides related services. Ormat products and systems are covered by approximately 70 patents. Ormat currently operates the following geothermal power plants: in the United States -- Brady, Heber, Mammoth, Ormesa, Puna and Steamboat; in the Philippines -- Leyte; in Guatemala -- Zunil; in Kenya -- Olkaria; and in Nicaragua -- Momotombo. In the U.S., Ormat owns and operates four OREG1 Recovered Energy Generation plants. Safe Harbor Statement Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to Ormat's plans, objectives and expectations for future operations and are based upon its management's current estimates and projections of future results or trends. Actual future results may differ materially from those projected as a result of certain risks and uncertainties. For a discussion of such risks and uncertainties, see "Risk Factors" as described in Ormat Technologies, Inc.'s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 28, 2006 and the Prospectus Supplements filed with the Securities and Exchange Commission on April 5 and December 14, 2006. These forward-looking statements are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. Ormat Technologies Contact: Investor Relations Contact: Dita Bronicki Todd Fromer / Marybeth Csaby CEO and President KCSA Worldwide +1-775-356-9029 +212-896-1215 / 212-896-1236 / http://www.newscom.com/cgi-bin/prnh/20040422/LATH066LOGO http://photoarchive.ap.org/ DATASOURCE: Ormat Technologies, Inc. CONTACT: Dita Bronicki, CEO and President, Ormat Technologies, +1-775-356-9029, ; or Investors, Todd Fromer, +1-212-896-1215, , or Marybeth Csaby, +1-212-896-1236, , both of KCSA Worldwide Web site: http://www.ormat.com/

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