---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-040291"
form_type: "8-K"
ticker: "OPTT"
cik: "0001378140"
company_name: "Ocean Power Technologies, Inc."
filed_at: "2024-10-07T23:59:59+00:00"
generated_at: "2026-05-30T19:05:21.343311+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Ocean Power Technologies receives $1.1M NJEDA NOL award; ships PowerBuoy to Middle East

## Summary
- Preliminary $1.1M award from NJEDA Technology Business Tax Certificate Transfer Program (NOL program).
- Non-dilutive funding from selling net operating losses and R&D credits; similar to $1.2M in 2023.
- Confirms shipment of AI-capable Merrows PowerBuoy to a Middle East customer.
- Shipment expands Merrows offering in the region; customer confirmed previously announced unit.

## SEC filing metadata
- accession: 0001493152-24-040291
- form_type: 8-K
- ticker: OPTT
- cik: 0001378140
- company_name: Ocean Power Technologies, Inc.
- filed_at: 2024-10-07T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1378140/000149315224040291/0001493152-24-040291-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1378140/000149315224040291/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-040291
- JSON: https://secwatch.observer/filing/0001493152-24-040291.json
- Plain text: https://secwatch.observer/filing/0001493152-24-040291.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.