ORA Ormat Technologies Inc

Ormat Technologies, Inc. - Initial Public Offering of Common Stock - Exercise of Overallotment Option By Underwriters NEW YORK, Nov. 14 /PRNewswire-FirstCall/ -- Ormat Technologies, Inc. (NYSE:ORA) today announced that in connection with the initial public offering of the Company's common stock the underwriters have exercised in full the over-allotment option for an additional 937,500 shares of the Company's common stock granted to them on the same terms as the shares initially offered in the initial public offering. (Logo: http://www.newscom.com/cgi-bin/prnh/20040422/LATH066LOGO ) About Ormat Technologies, Inc. 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, and also designs, develops and builds, and plans to own and operate, 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. Founded in 1994, the Company currently has operations in the United States, Israel, Guatemala, Kenya, Nicaragua and the Philippines. A registration statement on Form S-1 relating to these securities has been filed with and declared effective by the Securities and Exchange Commission. The offering is being made solely by means of a prospectus. 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 these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Copies of the final prospectus relating to this offering may be obtained by contacting: Lehman Brothers Inc. 745 Seventh Avenue New York, NY 10019 Attention: Prospectus Department Phone: (212) 526-7000 Contact: Dita Bronicki Tel: +1-775-356-9029 http://www.newscom.com/cgi-bin/prnh/20040422/LATH066LOGODATASOURCE: Ormat Technologies, Inc. CONTACT: Dita Bronicki, +1-775-356-9029 for Ormat Technologies, Inc. Web site: http://www.ormat.com/

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