Ocean power technologies announces $1.2 million award from the new jersey economic development authority (njeda) net operating loss (nol) program

Monroe township, n.j., jan. 29, 2024 (globe newswire) -- ocean power technologies, inc. (“opt” or the “company”) (nyse american: optt), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it has been awarded approximately $1.2 million under the new jersey economic development authority (njeda) 2023 technology business tax certificate transfer program, commonly known as the net operating loss (nol) program.
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