COVID Stimulus Watch Individual Entry

Recipient Company:
OCEAN POWER TECHNOLOGIES, INC.
Loan or Loan Guarantee Amount:
$890,347

Recipient Details

Ownership Structure: publicly traded (ticker symbol OPTT)
Facility Street Address: 28 Engelhard Drive
Facility City: Monre Township
Facility State: NJ
Facility Zip Code: 08831
Facility Congressional District: NJ-12
Facility NAICS Code: 221118 : Other Electric Power Generation

Award Details

Award Date: Apr 28, 2020
Award Type: loan
Jobs Reported at Time of Application: 35
PPP Lender: Santander Bank, National Association
Program Name: Paycheck Protection Program ($150,000 and up)
Legislation: CARES
Awarding Agency: Small Business Administration
Data Source for Award:
https://www.sec.gov/Archives/edgar/data/1378140/000149315220007591/form8...

Parent Company Data

Parent Company: Ocean Power Technologies, Inc.
Headquartered in: New Jersey
Parent Sector: miscellaneous energy products and systems
Parent Industry: ocean wave power
Employees (prior to pandemic): 39

Accountability Issues Since 2010

Employment icon
Good Jobs First has no data in this category
Contracting icon
Good Jobs First has no data in this category
Environment icon
Good Jobs First has no data in this category
ConsumerProt icon
Good Jobs First has no data in this category
CEOpay icon
CEO Compensation: $719,862
Tax icon
Good Jobs First has no data in this category

Details on Accountability data sources

Accountability Issues

Covid Stimulus Watch provides accountability data on CARES Act recipients in the following categories:

Employment iconEmployment Issues

Tax iconTax / Subsidy Issues

Contracting iconContracting Issues

Environment iconEnvironment / Safety Issues

Consumer iconConsumer Protection Issues

CEO pay iconCEO Pay Issues