Eco Wave Power Global (WAVE) Q2 2025 Earnings Call August 14, 2025 07:00 AM ET Speaker0Welcome to the Echowave Power Second Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. I would now like to turn the call over to your host, Aaron Yehuda. You may begin, sir.Speaker1Thank you. Good morning, everyone, and thank you for joining Ecopetrol Power's first second quarter earnings call. I'm Aaron Yehuda, and I'll start with a brief overview of our financial results ...

Stockholm, Sweden--(Newsfile Corp. - July 24, 2025) - Eco Wave Power Global AB (publ) (NASDAQ: WAVE) ("Eco Wave Power" or the "Company"), a leading onshore wave energy technology developer, is pleased to announce the signing of an agreement with the Africa Great Future Development Ltd (AGFDL) to conduct a feasibility study for a potential wave energy power station at the Port of Ngqura, South Africa.This agreement marks Eco Wave Power's first step into the African market and aligns with the Company's strat ...

Core Viewpoint - Eco Wave Power Global AB has elected Hilary E. Ackermann to its Board of Directors, enhancing its leadership team as it prepares for the commercialization of wave energy solutions in the U.S. market [1][2][3] Group 1: Appointment of Hilary E. Ackermann - Hilary E. Ackermann, a recognized leader in energy sustainability and risk management, has transitioned from the Advisory Board to the formal Board of Directors [2] - Her appointment is strategically significant as it coincides with the upcoming official opening of Eco Wave Power's first U.S. wave energy project at the Port of Los Angeles [3] - Ackermann's extensive experience includes senior roles at Goldman Sachs and Swiss Bank Corporation, and she currently serves on the Board of Directors of Vistra Energy [4] Group 2: Company Strategy and Growth - The company aims to strengthen its global leadership team to accelerate commercialization, particularly in the United States [2] - Eco Wave Power is actively expanding its project pipeline, which includes upcoming projects in the Port of Los Angeles, Portugal, Taiwan, and India, contributing to a total capacity of 404.7 MW [8] - The company has received recognition and support from international organizations, including the European Union Regional Development Fund and the United Nations Global Climate Action Award [8]

Core Viewpoint - Eco Wave Power Global AB has received shareholder approval to continue its American Depositary Shares (ADS) repurchase program, allowing the company to buy back up to 10 percent of its total shares, enhancing financial flexibility and shareholder value [1][3]. Group 1: Repurchase Program Details - The shareholder resolution renews the company's ability to repurchase ADSs for the upcoming year, in line with the legal framework established with the Swedish Financial Supervisory Authority [2]. - The repurchase authorization allows the company to engage a designated bank to manage buyback activities under the renewed mandate [2][8]. - The authorization is valid until the 2026 Annual General Meeting and may be executed on multiple occasions [8]. Group 2: Company Overview - Eco Wave Power is a pioneering onshore wave energy company that converts ocean waves into clean electricity using patented technology [4]. - The company is expanding its global presence with projects planned in locations such as the Port of Los Angeles, Portugal, Taiwan, and India, contributing to a project pipeline of 404.7 MW [5]. - Eco Wave Power has received recognition from international organizations, including the European Union Regional Development Fund and the United Nations Global Climate Action Award [5].

Core Insights - Eco Wave Power Global AB is set to launch the first-ever onshore wave energy pilot project in the U.S. on September 9, 2025, at AltaSea, Port of Los Angeles, marking a significant milestone in renewable energy innovation [1][2][5] Company Overview - Eco Wave Power is a pioneering onshore wave energy company that transforms ocean waves into clean electricity using patented technology [9] - The company has developed Israel's first grid-connected wave energy power station and is recognized for its innovative approach to renewable energy [9] Project Details - The project will utilize floaters attached to existing marine infrastructure to convert wave motion into electricity, providing a cost-effective and scalable solution for coastal cities [6] - The first three floaters are currently in the final preparation phase at All-Ways Metal, a woman-owned fabrication company in California [6][7] Strategic Partnerships - The project is supported by Shell's Marine Renewable Program, emphasizing Eco Wave Power's commitment to U.S. job creation and climate leadership [7] - AltaSea serves as a hub for blue economy innovation and is dedicated to accelerating ocean-based solutions to climate change [8] Future Expansion - Eco Wave Power is expanding its global footprint with upcoming projects planned in the Port of Los Angeles, Portugal, Taiwan, and India, contributing to a project pipeline of 404.7 MW [10]

Company Overview - Eco Wave Power Global AB is a leading onshore wave energy company that focuses on converting ocean and sea waves into sustainable electricity using patented technology [70][71]. - The company operates the world's first grid-connected wave energy system in Israel, recognized as "Pioneering Technology" by the Israeli Energy Ministry [71]. Annual General Meeting Details - The annual general meeting is scheduled for June 30, 2025, at 10:00 a.m. CEST in Stockholm, with registration starting 30 minutes prior [1]. - Shareholders must be registered by June 19, 2025, and notify the company of their attendance by June 24, 2025 [2][3]. Proposed Agenda and Resolutions - The agenda includes the election of a chairman, approval of the 2024 annual report, and resolutions regarding the allocation of the company's results, among others [7][8]. - The board proposes to carry forward the company's result without paying a dividend for the financial year 2024 [8]. Changes to Articles of Association - Proposed changes include increasing the share capital limits from SEK 880,000 to SEK 935,000 and the number of shares from 44,000,000 to 46,750,000 [9][10]. - The company plans to issue two types of shares: series A shares with ten votes each and ordinary shares with one vote each [10]. Long Term Incentive Programs - The board proposes a long-term incentive program (LTIP) involving the issuance of up to 7,256,798 warrants, allowing participants to subscribe for new shares at a price of SEK 0.02 [30][33]. - The LTIP aims to align the interests of participants with the company's growth and performance [32]. Financial Implications - Full exercise of the proposed warrants will result in a dilution of approximately 13.05% of the company's share capital and 60.04% of voting rights [36][49]. - The company currently has a total share capital of SEK 935,896.88 divided into 46,794,844 shares [46]. Shareholder Proposals - The board of directors consists of five members, with a proposal to increase the number to six and to re-elect current members [63][64]. - Proposed fees for the board total SEK 1,092,357, with specific amounts allocated to each member [64].

Porto, Portugal--(Newsfile Corp. - May 28, 2025) - Eco Wave Power Global AB (publ) (NASDAQ: WAVE), a leading onshore wave energy technology company, is pleased to announce a key milestone in the development of its first 1MW wave energy power station in the City of Porto, Portugal. Eco Wave Power has successfully paid the first installment - representing 50% of the grid connection fee - for the planned 1MW station, marking significant progress in the project's implementation. To view an enhanced version of t ...

Financial Data and Key Metrics Changes - For Q1 2025, Ecowave Power recorded a net loss of $500,005, an improvement from $527,000 in the same period last year, reflecting ongoing cost discipline while supporting project development [2][6] - Operating expenses increased to $765,000 from $659,000 in Q1 2024, primarily due to growth in engineering and execution work related to projects in Los Angeles and Portugal [3] - Cash and short-term deposits as of March 31, 2025, were $8,800,000, down from $9,300,000 at the end of 2024, attributed to development stage spending [4] Business Line Data and Key Metrics Changes - In Los Angeles, the company moved from permitting to production, with a floater manufacturing agreement signed in April [6][7] - In Portugal, engineering designs were finalized, and groundwork has begun, with equipment procurement and installation expected later this year [7] - The AWP EDF-one installation at Jaffa Port achieved zero downtime in Q1, with successful testing of 10 floaters demonstrating an average power output of 13 kilowatts [8] Market Data and Key Metrics Changes - Partnerships in India and Taiwan reached new milestones, with a MOU in India setting the stage for site assessment and a sale agreement in Taiwan moving into detailed permitting [7][8] - The company anticipates a purchase order in Q2 from Bahad Petroleum in India [7] Company Strategy and Development Direction - The company is focused on maintaining a healthy balance sheet while advancing the commercialization of its Wave Energy technology [4] - An advisory board was established to strengthen governance and strategic direction, with Hilary Ackerman joining as the first member [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to continue investing in its global pipeline while preserving flexibility for new opportunities [6] - The company remains committed to building a diversified and resilient wave energy business, with ongoing R&D efforts aimed at reducing floater costs and streamlining installation [9] Other Important Information - The company expects to finalize floaters in Los Angeles by the end of Q2 2025 and is on track for a 2026 startup in Portugal [4][7] Q&A Session Summary Question: What are the updates on the projects in Los Angeles and Portugal? - The company has moved swiftly from permitting to production in Los Angeles, with a floater manufacturing agreement signed, and in Portugal, engineering designs have been finalized with groundwork underway [6][7] Question: How is the company managing its cash flow amid project developments? - The company reported a reduction in net loss and maintains a cash balance that allows for continued investment while managing development stage spending [2][4]

Financial Data and Key Metrics Changes - For Q1 2025, Ecowave Power recorded a net loss of $500,005, an improvement from $527,000 in the same period last year, reflecting ongoing cost discipline while supporting project development [2][6] - Operating expenses increased to $765,000 from $659,000 in Q1 2024, primarily due to growth in engineering and execution work related to projects in Los Angeles and Portugal [3] - Cash and short-term deposits as of March 31, 2025, were $8,800,000, down from $9,300,000 at the end of 2024, attributed to development stage spending [4] Business Line Data and Key Metrics Changes - In Los Angeles, the company moved from permitting to production, with a floater manufacturing agreement signed in April, expected to be completed by the end of Q2 2025 [6][7] - In Portugal, engineering designs were finalized, and groundwork has begun under a 20 megawatt concession agreement, with equipment procurement and installation anticipated later this year [7] - The AWP EDF-one installation at Jaffa Port in Israel logged zero downtime in Q1, with successful testing of 10 floaters demonstrating an average power output of 13 kilowatts [8] Market Data and Key Metrics Changes - Partnerships in India and Taiwan reached new milestones, with a site assessment planned at the Mumbai oil terminal and a sale agreement in Taiwan moving into the detailed permitting phase [7][8] - The company anticipates a purchase order in Q2 for the Indian project, indicating progress in international markets [7] Company Strategy and Development Direction - The company is focused on maintaining a healthy balance sheet while advancing the commercialization of its wave energy technology [4] - An advisory board was established to strengthen governance and strategic direction, with a member appointed who has extensive experience in energy and sustainability [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to continue investing in its global pipeline while preserving flexibility for new opportunities [6] - The company remains committed to building a diversified and resilient wave energy business, with expectations for further progress throughout the year [10] Other Important Information - The company is focusing its R&D efforts in 2025 on reducing floater costs and streamlining installation processes [8] Q&A Session Summary - No specific questions or answers were recorded in the provided content, as the call concluded without a Q&A segment [11]

Exhibit 99.1 FOR IMMEDIATE RELEASE Eco Wave Power Secures Final Permit for Pioneering Wave Energy Project in the Port of Los Angeles March 31, 2025 – Los Angeles, CA – Eco Wave Power ("Eco Wave Power" or the "Company") (Nasdaq: WAVE), 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 ...