Ocean Power Technologies Announces $1.1M Preliminary Award From New Jersey Economic Development Authority Technology Business Tax Certificate Transfer Program
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Ocean Power Technologies has received a $1.1 million preliminary award from the New Jersey Economic Development Authority's Technology Business Tax Certificate Transfer Program. This award is part of a program designed to support technology companies in New Jersey.
October 02, 2024 | 12:16 pm
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Ocean Power Technologies has been granted a $1.1 million preliminary award from the New Jersey Economic Development Authority. This funding is part of a program to support technology businesses, potentially enhancing OPTT's financial position.
The $1.1 million award from the NJ Economic Development Authority provides Ocean Power Technologies with additional financial resources. This funding can be used to support operations, R&D, or other strategic initiatives, potentially improving the company's financial health and investor sentiment.
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