Ormat Technologies, Inc. Announces Offering of 3,100,000 Shares of Common Stock
09 Maio 2008 - 9:51AM
PR Newswire (US)
RENO, Nev., May 9 /PRNewswire-FirstCall/ -- Ormat Technologies,
Inc. (NYSE:ORA) (the "Company") today announced that it has agreed
to sell 3,100,000 shares of common stock to Lehman Brothers Inc. in
a block trade. A registration statement relating to these
securities has been filed with the Securities and Exchange
Commission and became effective on January 31, 2006. A preliminary
prospectus supplement relating to the offering dated May 8, 2008
has been filed with the Securities and Exchange Commission. (Logo:
http://www.newscom.com/cgi-bin/prnh/20040422/LATH066LOGO) A written
prospectus meeting the requirements of Section 10 of the Securities
Act of 1933 may be obtained from Lehman Brothers Inc., c/o
Broadridge Integrated Distribution Services, Inc., 1155 Long Island
Avenue, Englewood, New York, 11717, by email: or fax: (631)
254-7140. This press release shall not constitute an offer to sell
or the solicitation of an offer to buy nor shall there be any sale
of any of these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
About Ormat Technologies Ormat Technologies, Inc. is the only
vertically-integrated company primarily engaged in the geothermal
and recovered energy power business. The Company designs, develops,
owns and operates geothermal and recovered energy-based power
plants around the world. Additionally, the Company designs,
manufactures and sells geothermal and recovered energy power units
and other power-generating equipment, and provides related
services. The Company has more than four decades of experience in
the development of environmentally-sound power, primarily in
geothermal and recovered-energy generation. Ormat products and
systems are covered by more than 75 patents. Ormat currently
operates the following geothermal and recovered energy-based power
plants: in the United States - Brady, Heber, Mammoth, Ormesa, Puna,
Steamboat and OREG 1; in Guatemala - Zunil and Amatitlan; in Kenya
- Olkaria; and in Nicaragua - Momotombo. 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 5, 2008. 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 KCSA
Strategic Communications 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 of Ormat Technologies, Inc.,
+1-775-356-9029, ; or Investor Relations, Todd Fromer,
+1-212-896-1215, , or Marybeth Csaby, +1-212-896-1236, , both of
KCSA Strategic Communications, for Ormat Technologies, Inc. Web
site: http://www.ormat.com/
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