Ocean Power Technologies Announces $1.1M Preliminary Award From New Jersey Economic Development Authority Technology Business Tax Certificate Transfer Program
Portfolio Pulse from Benzinga Newsdesk
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
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100