ORA Ormat Technologies Inc

SPARKS, Nev., Jan. 17 /PRNewswire-FirstCall/ -- Ormat Technologies, Inc., (NYSE:ORA) announced today that it has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission ("SEC"). The shelf registration statement, when declared effective by the SEC, will provide Ormat Technologies the opportunity to issue various types of securities, including debt securities, common stock, warrants and units of Ormat Technologies, from time to time, in one or more offerings up to a total dollar amount of $1 billion. (Logo: http://www.newscom.com/cgi-bin/prnh/20040422/LATH066LOGO ) The shelf registration statement has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time that the shelf registration statement is declared effective. Following the effectiveness of the shelf registration statement, Ormat Technologies may periodically offer one or more of the registered securities in amounts, at prices, and on terms to be announced when, and if, the securities are offered. At the time any offering is made under the shelf registration statement, the offering specifics will be set out in a prospectus supplement. When available, a prospectus and prospectus supplement relating to any securities may be obtained from Ormat Technologies, Inc., 980 Greg Street, Sparks, Nevada 89431. Proceeds from the sale of securities registered would be used for various purposes including Ormat Technologies' general corporate purposes and those of its consolidated subsidiaries. This press release does 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 jurisdiction in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the securities laws of such jurisdiction. 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. It 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. The Company's products and systems are covered by more than 70 patents. Ormat Technologies currently has operations in the United States, Israel, the Philippines, Guatemala, Kenya, and Nicaragua. For more information, please visit the Company's website at http://www.ormat.com/. 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 the Company'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 the Company's 10-K/A filed with the Securities and Exchange Commission on April 12, 2005 and Form S-3 filed with the Securities and Exchange Commission on January 17, 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 Jeff Corbin/Todd Fromer CEO and President KCSA Worldwide +1-775-356-9029 212-896-1214/212-896-1215 / First Call Analyst: FCMN Contact: http://www.newscom.com/cgi-bin/prnh/20040422/LATH066LOGO http://photoarchive.ap.org/ DATASOURCE: Ormat Technologies, Inc. CONTACT: Dita Bronicki, CEO and President of Ormat Technologies, +1-775-356-9029, ; or Investor Relations, Jeff Corbin, +1-212-896-1214, , or Todd Fromer, +1-212-896-1215, , both of KCSA Worldwide, for Ormat Technologies, Inc. Web site: http://www.ormat.com/

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