Net Loss Decreased by 4.2%; Final License Secured for Los Angeles Project, Floaters Construction Underway, Expansion into Asian Markets, and Progress in Portugal's First MW-Scale ProjectStockholm, Sweden--(Newsfile Corp. - May 8, 2025) - Eco Wave Power Global AB (publ) (NASDAQ:WAVE) ("Eco Wave Power" or the "Company"), a leading onshore wave energy technology company, is pleased to report its financial results as of and for the three months ended March 31, 2025, and provide a corporate update.Management CommentaryIn the first quarter of 2025, Eco Wave Power achieved several significant milestones, demonstrating our commitment to growth and resilience. We continued to prioritize cost efficien

Los Angeles, California--(Newsfile Corp. - April 23, 2025) - Eco Wave Power Global AB (publ) (NASDAQ:WAVE) ("Eco Wave Power" or the "Company"), a leading onshore wave energy technology company, is pleased to announce the signing of a manufacturing agreement with All-Ways Metal, Inc., a woman-owned business based in California, for the production of floaters for its innovative wave energy project in the Port of Los Angeles. This marks a major milestone in the development of Eco Wave Power's first-ever U.S. proof-of-concept installation.The floaters, which form a key component of Eco Wave Power's proprietary wave energy conversion technology, will be manufactured locally by All-Ways Metal and

Los Angeles, California--(Newsfile Corp. - March 31, 2025) - Eco Wave Power (NASDAQ:WAVE) ("Eco Wave Power" or the "Company"), a leading onshore wave energy technology company, is pleased to announce that it has been granted Revocable Permit 25-05 by the Port of Los Angeles for the construction and demonstration of its innovative wave energy technology at Berth 70 in San Pedro, California. The permit was approved and executed on behalf of the Executive Director, Eugene D. Seroka on March 27, 2025.Inna Braverman, Terry Tamminen, and Arnold Schwarzenegger in a visit to Eco Wave Power's pilot in LATo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/11

Stockholm, Sweden--(Newsfile Corp. - March 20, 2025) - Eco Wave Power Global AB (publ) (NASDAQ:WAVE) ("Eco Wave Power" or the "Company"), a leading onshore wave energy technology company, is pleased to announce the appointment of Hilary E. Ackermann to its Advisory Board.Hilary E. AckermannTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/11247/245400_e76cc887f44c29c6_001full.jpgAckermann, a recognized leader in energy sustainability and risk management, brings a wealth of expertise to Eco Wave Power. Since 2018, she has served on the Board of Directors of Vistra Energy, where she is Chair of the Sustainability and Risk Committee and a member of

30% Reduction in Net Cash Used for Operations, 7% Decrease in Operating Expenses, 11% Increase in Cash Position, First Revenues from Sale of a Pilot Station, Federal License Secured for Port of LA Project, Megawatt-Scale Project Advancing in Portugal, and an MOU with Fortune 500 Bharat Petroleum in IndiaStockholm, Sweden--(Newsfile Corp. - March 3, 2025) -   Eco Wave Power Global AB (publ) (NASDAQ:WAVE) ("Eco Wave Power" or the "Company"), a leading onshore wave energy technology company, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 (the "Annual Report") with the U.S. Securities and Exchange Commission (the "SEC").The Annual Rep

PORTO, Portugal, Feb. 27, 2025 /PRNewswire/ -- Eco Wave Power Global AB (publ) (NASDAQ:WAVE) ("Eco Wave Power" or the "Company"), a leader in onshore wave energy technology, is pleased to announce the initiation of critical infrastructure enhancements at its pioneering wave energy project in Porto, Portugal, where the Company is implementing its first 1MW project. The Porto project, Eco Wave Power's first MW-scale wave energy venture in Portugal which is expected to be finalized during 2026, aims to harness ocean wave energy to generate sustainable electricity. Central to this initiative is the transformation of "The Gallery," an existing breakwater tunnel, into a state-of-the-art facility

TEL AVIV, Israel, Feb. 13, 2025 /PRNewswire/ -- Eco Wave Power Global AB (publ) (NASDAQ:WAVE) ("Eco Wave Power" or the "Company"), a leader in onshore wave energy technology, today announced that it signed a Memorandum of Understanding (MoU) with Bharat Petroleum Corporation Limited (BPCL) during India Energy Week 2025 on February 13, 2025. This agreement marks a pivotal step in introducing wave energy as a key component of India's renewable energy strategy. The agreement was signed by Mr. Chandrasekhar N, Head of Research and Development, BPCL and Ms. Inna Braverman, Founder and CEO, Eco Wave Power in the presence of Honorable Minister Hardeep Singh Puri, Minister of Petroleum and Natural

NEW DELHI, Feb. 4, 2025 /PRNewswire/ -- Eco Wave Power Global AB publ (NASDAQ:WAVE) ("Eco Wave Power" or the "Company"), a leading developer of onshore wave energy technology, is pleased to announce its participation in India Energy Week 2025, taking place from February 11-14, 2025, in New Delhi, India. The Company will showcase its innovative wave energy technology at the booth of a major Indian energy corporation and will also sign its first collaboration agreement with a Fortune 500 Indian company for a pilot project in Maharashtra, India. India Energy Week, held under the patronage of the Ministry of Petroleum and Natural Gas of India, is the country's flagship energy event, bringing to

PORTO, Portugal, Jan. 13, 2025 /PRNewswire/ -- Eco Wave Power Global AB (publ) (NASDAQ:WAVE) ("Eco Wave Power" or the "Company"), a leader in the onshore wave energy technology sector, is pleased to announce that it has engaged MOQ Engineering ("MOQ"), a renowned Portuguese engineering firm, to perform the final design and load calculations for its pioneering wave energy project in Porto, Portugal. This work represents a key milestone in the project's advancement and positions the project for a targeted launch during 2026. The project is a part of a 20 MW Concession Agreement entered into with Administração dos Portos do Douro, Leixões e Viana do Castelo, S.A. (APDL), which is located in th

Tel Aviv, Israel--(Newsfile Corp. - January 10, 2025) - Eco Wave Power Global AB (publ) (NASDAQ:WAVE) ("Eco Wave Power" or the "Company"), a global leader in onshore wave energy technology, is proud to announce that its EWP-EDF One wave energy project at Jaffa Port, Israel, successfully operated around the clock during the last week of December 2024, with an average wave height of 1.6 meters and peak production of 26KW. This milestone underscores the potential of wave energy as a reliable and sustainable source of renewable power. In addition, the project was subject to conditions classified as stormy and operated without damages, demonstrating the robustness and reliability of Eco Wave Powe

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Stockholm, Sweden--(Newsfile Corp. - March 20, 2025) - Eco Wave Power Global AB (publ) (NASDAQ:WAVE) ("Eco Wave Power" or the "Company"), a leading onshore wave energy technology company, is pleased to announce the appointment of Hilary E. Ackermann to its Advisory Board.Hilary E. AckermannTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/11247/245400_e76cc887f44c29c6_001full.jpgAckermann, a recognized leader in energy sustainability and risk management, brings a wealth of expertise to Eco Wave Power. Since 2018, she has served on the Board of Directors of Vistra Energy, where she is Chair of the Sustainability and Risk Committee and a member of

PORTO, Portugal, Dec. 16, 2024 /PRNewswire/ -- Eco Wave Power Global AB (publ) (NASDAQ:WAVE) ("Eco Wave Power" or the "Company"), a leading innovator in onshore wave energy technology, is pleased to announce the appointment of Juan Jose Gomez to spearhead the execution of its ambitious wave energy project in Portugal. With his extensive expertise and proven leadership in renewable energy initiatives, Juan will also oversee the operation and maintenance (O&M) activities once the project becomes operational. Juan previously played a pivotal role in managing Eco Wave Power's pilot project in Gibraltar, where he demonstrated exceptional skill in project execution, technical management, and stak

Eco Wave Power Appoints Ran Atias as VP of Engineering - Atias Brings Vast Tech Leadership, Aiming to Drive Innovation and Accelerate Projects Delivery TEL AVIV, Israel, Nov. 4, 2024 /PRNewswire/ -- Eco Wave Power Global AB (publ) (NASDAQ:WAVE) ("Eco Wave Power" or the "Company"), a leading, publicly traded onshore wave energy technology company announced today the appointment of Ran Atias as Vice President of Engineering for the Eco Wave Power Group. Mr. Atias will begin his employment immediately and will be based in Eco Wave Power's headquarters in Tel Aviv, Israel.  Mr. Atias holds an MBA and a B.Sc. in Mechanical Engineering from Ben-Gurion University and joins Eco Wave Power with a br

STOCKHOLM, June 1, 2022 /PRNewswire/ -- Eco Wave Power Global AB (publ) (NASDAQ:WAVE) (Nasdaq First North: ECOWVE) -The shareholders in Eco Wave Power Global AB (publ), reg. no. 559202-9499 (the "Company" or "EcoWave"), are hereby given notice to attend the annual general meeting at 10:00 a.m. on Thursday, June 30, 2022. The meeting will be held through postal voting only (see below).  Pursuant to the Swedish Act (2022:121) on temporary exceptions to facilitate the execution of general meetings in companies and other associations, the board of directors of the Company has decided that the annual general meeting shall be held without physical presence of shareholders, proxies and/or external

Net Loss Decreased by 4.2%; Final License Secured for Los Angeles Project, Floaters Construction Underway, Expansion into Asian Markets, and Progress in Portugal's First MW-Scale ProjectStockholm, Sweden--(Newsfile Corp. - May 8, 2025) - Eco Wave Power Global AB (publ) (NASDAQ:WAVE) ("Eco Wave Power" or the "Company"), a leading onshore wave energy technology company, is pleased to report its financial results as of and for the three months ended March 31, 2025, and provide a corporate update.Management CommentaryIn the first quarter of 2025, Eco Wave Power achieved several significant milestones, demonstrating our commitment to growth and resilience. We continued to prioritize cost efficien

STOCKHOLM, Nov. 21, 2024 /PRNewswire/ -- Eco Wave Power Global AB (publ) (NASDAQ:WAVE) ("Eco Wave Power" or the "Company"), a leading, publicly traded onshore wave energy technology company, is pleased to report its financial results as of and for the nine months ended September 30, 2024, and provide a corporate update. Management Commentary Operations In the first nine months of 2024, Eco Wave Power achieved several significant milestones, demonstrating our commitment to growth and resilience. We continued to prioritize cost efficiency, successfully reducing expenses from the second quarter to the third quarter of 2024 by 10%. By the end of the third quarter, we maintained a strong financi

The Company also Announced its Support for the Marine Energy Technologies Acceleration Act, federal legislation in the U.S. that would invest $1 billion to advance marine energy toward full scale commercialization. STOCKHOLM, Aug. 29, 2024 /PRNewswire/ -- Eco Wave Power Global AB (publ) ("Eco Wave Power" or the "Company") (NASDAQ:WAVE), a leading, publicly traded onshore wave energy technology company that has developed a patented, smart, and cost-efficient technology for turning ocean and sea waves into green electricity, is pleased to report its financial results as of and for the six months ended June 30, 2024 and provide a corporate update. Management Commentary Operations During the fi

STOCKHOLM, May 29, 2024 /PRNewswire/ -- The shareholders of Eco Wave Power Global AB (publ) (NASDAQ:WAVE), reg. no. 559202-9499 (the "Company" or "EcoWave"), are hereby given notice to attend the annual general meeting at 10:00 a.m. CEST on Thursday June 27, 2024. The annual general meeting will be held at Setterwalls Advokatbyrå's offices at address Sturegatan 10 in Stockholm. Registration for the annual general meeting commences 30 minutes before the opening of the AGM. The board of directors has decided, pursuant to Chapter 7, Section 4a of the Swedish Companies Act and the Company's articles of association, to provide the option of postal voting in relation to the annual general meeting.

STOCKHOLM, May 16, 2024 /PRNewswire/ -- Eco Wave Power Global AB (publ) ("Eco Wave Power" or the "Company") (NASDAQ:WAVE), a leading, publicly traded onshore wave energy technology company, that developed a patented, smart, and cost-efficient technology for turning ocean and sea waves into green electricity, is pleased to report its financial results as of and for the three months ended March 31, 2024 and provide a corporate update. Management Commentary During the first quarter of 2024, Eco Wave Power continued to demonstrate resilience by decreasing its operating expenses by 3.5% compared to the first quarter of 2023, ending the quarter with $7.96 million in cash and in short term bank de

STOCKHOLM, April 1, 2024 /PRNewswire/ -- Eco Wave Power Global (NASDAQ:WAVE), a leading, publicly traded onshore wave energy technology company, announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 (the "Annual Report") with the U.S. Securities and Exchange Commission (the "SEC"). The Annual Report, which contains Eco Wave Power's audited consolidated financial statements, can be accessed on the SEC website at http://www.sec.gov as well as via the Company's website in the section titled SEC Filings. Management Commentary The economic landscape in 2023 was marked by unpredictability and numerous challenges. At the year's start, both consumers

The Company Announces 1,076% Revenues Increase, 36% Decrease in Net Loss, an Investment Agreement with a Major Energy Company for its Port of Los Angeles Project, and the Securing of Final License for the Construction of its First Commercial Project in Portugal STOCKHOLM, March 29, 2024 /PRNewswire/ -- Eco Wave Power Global AB (publ) ("Eco Wave Power" or the "Company") (NASDAQ:WAVE), a leading, publicly traded onshore wave energy technology company, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 (the "Annual Report") with the U.S. Securities and Exchange Commission (the "SEC"). The Annual Report, which contains Eco Wave Power's a

STOCKHOLM, Dec. 4, 2023 /PRNewswire/ -- Eco Wave Power Global AB (publ) (NASDAQ:WAVE), a leading, publicly traded onshore wave energy technology company that developed a patented, smart and cost-efficient technology for turning ocean and sea waves into green electricity, today announced that it will hold a conference call to discuss the financial results as of and for the third quarter of 2023 after the market closes on Tuesday, December 5, 2023. Conference Call and Webcast Information The Chief Executive Officer of Eco Wave Power, Inna Braverman will host a conference call to discuss the financial results and outlook  on Tuesday, December 5, 2023, at 5 p.m. Eastern time. The dial-in number

STOCKHOLM, Nov. 30, 2023 /PRNewswire/ -- Eco Wave Power Global AB (publ) ("Eco Wave Power" or the "Company") (NASDAQ:WAVE), a leading, publicly traded onshore wave energy technology company that has developed a patented, smart and cost-efficient technology for turning ocean and sea waves into green electricity, is pleased to report its financial results as of and for the three and nine months ended September 30, 2023 and provide a corporate update. Management Commentary During the third quarter of 2023, we achieved several key milestones: ·     In Israel, we successfully connected the EWP EDF One Project in the Port of Jaffa to the national electrical grid. We have also performed an initial

STOCKHOLM, June 30, 2023 /PRNewswire/ -- Today, on June 30, 2023, the annual general meeting of Eco Wave Power Global AB (publ) ("Eco Wave Power" or the "Company") was held. Below is a summary of the resolutions passed at the annual general meeting (all in accordance with the proposals presented in the notice to attend the meeting kept available at the Company's website www.ecowavepower.com). The annual general meeting resolved: to adopt the profit and loss statement and balance sheet for the financial year 2022;that the Company's result should be carried forward in new account and that no dividend shall be paid for the financial year 2022;to grant the board members and the CEO of the Compan

Maxim Group initiated coverage of Eco Wave Power Global AB with a rating of Buy and set a new price target of $15.00

Alliance Global Partners initiated coverage of Eco Wave Power Global AB with a rating of Buy and set a new price target of $14.00

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