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Ormat to Host Investor Event on March 9, 2016 in Tel-Aviv

RENO, Nev., Feb. 22, 2016 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE:ORA) today announced that the Company will host an Investor Event from 9:00 a.m. to 11:00 a.m. (IST) on Wednesday, March 9, 2016 in Tel-Aviv. Formal presentations will start promptly at 9:30 a.m. (IST).

Isaac Angel, Ormat's Chief Executive Officer, will lead the discussion and focus his remarks on the Company's key strategies, market opportunity and growth plans. Additional members of the company’s management’s team will also be in attendance.

All prepared materials used at this event will be created and distributed in English; however speakers will converse at the event in Hebrew. A live webcast of a simultaneous translation of the event in English will be available online along with the formal English-language presentation materials at www.ormat.com under the Investor Relations section and the Events & Presentations tab. A transcript will be available within a few days of the live event and an archive of the webcast simultaneous translation of the presentations will be available approximately 3 hours after the conclusion of the live event.

About Ormat Technologies

With over five decades of experience, Ormat Technologies, Inc. is a leading geothermal company and the only vertically integrated company engaged in geothermal and recovered energy generation (REG), with the objective of becoming a leading global provider of renewable energy. The company owns, operates, designs, manufactures and sells geothermal and REG power plants primarily based on the Ormat Energy Converter - a power generation unit that converts low-, medium- and high-temperature heat into electricity. With 69 U.S. patents, Ormat’s power solutions have been refined and perfected under the most grueling environmental conditions. Ormat has 470 employees in the United States and over 600 overseas. Ormat’s flexible, modular solutions for geothermal power and REG are ideal for the vast range of resource characteristics. The company has engineered, manufactured and constructed power plants, which it currently owns or has installed to utilities and developers worldwide, totaling over 2,000 MW of gross capacity. Ormat’s current generating portfolio is spread globally in the U.S., Guatemala and Kenya.

Ormat’s 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 February 26, 2015.

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: Smadar Lavi Investor Relations 775-356-9029 (ext. 65726) slavi@ormat.com Investor Relations Agency Contact: Rob Fink/Brett Maas Hayden - IR 646-415-8972/646-536-7331 rob@haydenir.com / brett@haydenir.com

Source:Ormat Technologies, Inc.