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EPIDAREX CAPITAL ANNOUNCES FIRST CLOSE OF FUND IV, SECURING $145 MILLION TO BUILD NEXT WAVE OF LIFE SCIENCE START-UPS
Globenewswire· 2026-01-27 07:00
Core Insights - Epidarex Capital has announced the first close of its Fund IV, securing over $145 million in commitments to support the development of therapeutics and medical device companies [1][2]. Investment Strategy - The Fund's initial investors include notable entities such as the British Business Bank, Strathclyde Pension Fund, and the Scottish National Investment Bank, along with various family offices and international investors [2]. - Epidarex aims to invest in high-quality early-stage healthcare innovations based on breakthrough science in the UK and the US, creating new opportunities for researchers and entrepreneurs [2][3]. Focus Areas - The firm targets major unmet disease needs in areas such as oncology, cardiometabolic, autoimmune, and neurological conditions, leveraging research from established and emerging hubs in the UK and US [3]. - Epidarex's strategy involves leading early-stage financings to bridge the equity funding gap and build globally competitive companies [3]. Portfolio and Impact - Epidarex Capital IV is expected to invest in up to 15 companies, focusing on building high-performance leadership teams and guiding companies through critical development milestones [3][4]. - The firm's existing portfolio includes companies like Apellis Pharmaceuticals and Kynos Therapeutics, showcasing its ability to create companies with strategic value and improve health outcomes [4]. Market Outlook - The Managing Partner of Epidarex believes the next three years present a favorable investment window for biotech innovation, emphasizing the importance of funding for standout innovators [4]. - The British Business Bank is committed to increasing investments in UK life sciences, recognizing the sector as a key growth area within the UK Industrial Strategy [4].
Eco Wave Power Advances 1 MW Wave Energy Project in Porto, Portugal; Completes Ocean Wave Assessment with MetOcean Consult and Submits Full Execution Plan to APDL
TMX Newsfile· 2026-01-15 13:30
Core Viewpoint - Eco Wave Power Global AB has made significant progress in its 1 MW wave energy project in Porto, Portugal, marking a transition from planning to construction phase [1][4][9] Project Development - The company has completed a wave and loads assessment in collaboration with MetOcean Consult, which confirmed favorable conditions for the project [1][3][4] - A full execution plan has been submitted to Administração dos Portos do Douro, Leixões e Viana do Castelo, S.A. (APDL) [1][4] - The project is the first megawatt-scale implementation under a 20 MW concession agreement with APDL [2] Engineering and Design - MetOcean Consult has been retained for engineering and design optimization, providing essential metocean data for the project [2][4] - The assessment of the Barra do Douro breakwater has confirmed suitable wave loading conditions for Eco Wave Power's latest floater design [3][4] Financial Milestones - The project has achieved key financial milestones, including the payment of the first installment, which represents 50% of the grid connection fee [5] - Formal acceptance of grid connection conditions has been secured with E-REDES, Portugal's national electricity distribution system operator [5] Strategic Importance - The 1 MW wave energy station is designed to integrate ocean wave energy into Portugal's renewable electricity mix, contributing to the country's clean energy portfolio [8][9] - The project aligns with a tentative grid connection target in 2026, pending final regulatory approvals [5][9] Company Overview - Eco Wave Power is recognized as a leader in onshore wave energy technology, with a mission to accelerate the global transition to renewable energy [11][12] - The company has a robust project pipeline of 404.7 MW under development across various countries, including upcoming projects in Portugal, Taiwan, and India [13]
Eco Wave Power Reports Strong December 2025 Wave Energy Performance at Jaffa Port, Reinforcing Scalability of Its Wave Energy Technology
TMX Newsfile· 2026-01-12 13:30
Core Viewpoint - Eco Wave Power Global AB has reported strong performance in wave energy production at its EWP-EDF One project in Jaffa Port, Israel, during December 2025, demonstrating the reliability and scalability of its technology [1][10]. Group 1: Performance and Operational Data - The EWP-EDF One system has maintained zero downtime since the beginning of 2025, operating stably in wave conditions of 1 meter and above [2]. - In December 2025, the project produced over 2,000 kWh of clean electricity during approximately 12 days of moderate wave heights between 1 and 2 meters [2]. - The strong performance during December confirms the system's ability to generate energy reliably under real-world conditions, providing valuable data for future advancements in wave energy technology [3][5]. Group 2: Future Projects and Scalability - Future commercial projects are planned to utilize larger floaters and a higher number of units, which are expected to significantly enhance energy capture and improve production profiles compared to pilot installations [6]. - The successful performance at Jaffa Port supports the scalability potential of Eco Wave Power's technology, paving the way for larger, commercial-scale deployments [5][6]. - The company is expanding its global footprint with projects in various locations, including the Port of Los Angeles, Taiwan, India, and Portugal, indicating a robust project pipeline of 404.7 MW under development [9][13]. Group 3: Company Commitment and Vision - Eco Wave Power is committed to advancing wave energy from demonstration to commercial application, systematically collecting performance data to optimize future designs [7]. - The company aims to unlock a stronger production profile as it scales to larger floaters and expanded arrays, moving wave energy closer to large-scale commercial deployment [10]. - Eco Wave Power's innovative systems are designed to be efficient, scalable, and environmentally responsible, contributing to a diversified renewable energy future [10].
速报!MEET2026嘉宾阵容再更新,观众报名从速
量子位· 2025-11-30 05:09
Core Insights - The MEET2026 Smart Future Conference will focus on cutting-edge technologies and industry developments that have garnered significant attention throughout the year [1] - The theme "Symbiosis Without Boundaries, Intelligence to Ignite the Future" emphasizes how AI and smart technologies penetrate various industries, disciplines, and scenarios, becoming a core driving force for societal evolution [2] Group 1: Conference Highlights - The conference will cover hot topics in the tech circle this year, including reinforcement learning, multimodal AI, chip computing power, AI in various industries, and AI going global [3] - It will feature the latest collisions between academic frontiers and commercial applications, showcasing leading technological achievements from infrastructure, models, and product industries [4] - The event will also include the authoritative release of the annual AI rankings and the annual AI trend report [5][116] Group 2: Notable Speakers - Zhang Yaqin, President of Tsinghua University's Intelligent Industry Research Institute and an academician of the Chinese Academy of Engineering, has extensive experience in AI and digital video technologies [11][12] - Sun Maosong, Executive Vice President of Tsinghua University's AI Research Institute, has led numerous national projects in AI research [15] - Wang Zhongyuan, Director of the Beijing Academy of Artificial Intelligence, has a strong background in AI core technology development and has published over 100 papers [19] Group 3: Industry Impact - The annual AI rankings initiated by Quantum Bit have become one of the most influential lists in the AI industry, evaluating companies, products, and individuals across three dimensions [117] - The annual AI trend report will analyze ten significant AI trends based on technological maturity, implementation status, and potential value, highlighting representative institutions and best cases [118] - The conference aims to attract thousands of tech professionals and millions of online viewers, establishing itself as an annual barometer for the smart technology industry [122]
速报!MEET2026嘉宾阵容再更新,观众报名从速
量子位· 2025-11-29 04:02
Core Insights - The MEET2026 Smart Future Conference will focus on cutting-edge technologies and industry developments that have garnered significant attention throughout the year [1] - The theme "Symbiosis Without Boundaries, Intelligence to Ignite the Future" emphasizes how AI and smart technologies penetrate various industries, disciplines, and scenarios, becoming a core driving force for societal evolution [2] Group 1: Conference Highlights - The conference will cover hot topics in the tech circle this year, including reinforcement learning, multimodal AI, chip computing power, AI in various industries, and AI going global [3] - It will feature the latest collisions between academic frontiers and commercial applications, showcasing leading technological achievements from infrastructure, models, and product industries [4] - The event will also include the authoritative release of the annual AI rankings and the annual AI trend report [5][116] Group 2: Notable Speakers - Zhang Yaqin, President of Tsinghua University's Intelligent Industry Research Institute and an academician of the Chinese Academy of Engineering, has extensive experience in AI and digital video technologies [11][12] - Sun Maosong, Executive Vice President of Tsinghua University's AI Research Institute, has led numerous national projects in AI research [15] - Wang Zhongyuan, Director of the Beijing Academy of Artificial Intelligence, has a strong background in AI core technology development and has published over 100 papers [19] Group 3: Industry Impact - The annual AI rankings initiated by Quantum Bit have become one of the most influential lists in the AI industry, evaluating companies, products, and individuals across three dimensions [117] - The annual AI trend report will analyze ten significant AI trends based on technology maturity, implementation status, and potential value, highlighting representative organizations and best cases [118] - The conference aims to attract thousands of tech professionals and millions of online viewers, establishing itself as an annual barometer for the smart technology industry [122]
Eco Wave Power Reports Q3 Results: Historic U.S. Launch and Global Milestones Achieved
Newsfile· 2025-11-12 13:30
Core Insights - Eco Wave Power has made significant advancements in Q3 2025, including the launch of its first U.S. project and recognition by TIME as one of the Best Inventions of 2025, supporting its global growth in wave energy technology [1][8][24]. Financial Overview - For the nine months ended September 30, 2025, operating expenses increased to $2.48 million from $1.97 million in the same period of 2024, primarily due to investments in U.S., Portugal, and Asia projects [32]. - Operating expenses for Q3 2025 were $888 thousand, reflecting an 8% increase quarter-over-quarter, driven by higher Sales & Marketing costs to support the U.S. project launch [21][30]. - The net loss for Q3 2025 was $996 thousand, a 28% reduction from the previous quarter, indicating improved operational efficiency [22][30]. Project Developments - The U.S. pilot project at the Port of Los Angeles was launched in September 2025, marking the first onshore wave energy installation in the U.S. [4][5]. - In Taiwan, Eco Wave Power has entered an agreement for local manufacturing and installation of a wave energy pilot station, marking a significant step in the country's renewable energy sector [9][10]. - The company is advancing preparations for Portugal's first megawatt-scale wave energy power plant, with plans for grid connection in 2026 [14][15]. International Recognition - The U.S. pilot project was featured on Good Morning America, providing unprecedented visibility for wave energy technology [3][24]. - Eco Wave Power's pilot project was named one of TIME's Best Inventions of 2025, highlighting its impact on climate change and sustainability [8][24]. Strategic Partnerships - Collaborations with local partners in the U.S., including AltaSea and Shell Marine Renewable Energy, emphasize the company's commitment to innovation and community engagement [25]. - In India, a Memorandum of Understanding with Bharat Petroleum Corporation Limited aims to explore wave energy deployment at the Mumbai Oil Terminal, tapping into a significant ocean energy market [12][13]. Research and Development - The EWP-EDF One project in Israel is focused on optimizing system performance through advanced testing and calibration, reinforcing Eco Wave Power's position as a global R&D hub for wave energy [16][18]. - The company is investing in R&D to lower equipment costs and enhance the scalability of its wave energy solutions [19][31].
Eco Wave Power's Wave Energy Project Named on TIME's List of the Best Inventions of 2025
Newsfile· 2025-10-14 12:00
Core Insights - Eco Wave Power's wave energy pilot project at AltaSea in the Port of Los Angeles has been recognized in TIME's 2025 Best Inventions list, highlighting its innovative approach to renewable energy [1][4][5] - The project is the first onshore wave energy installation in the United States, developed in collaboration with Shell Marine Renewable Energy, and demonstrates the potential of wave energy for sustainable electricity generation [4][7] Company Overview - Eco Wave Power Global AB (publ) is a pioneering company in onshore wave energy, transforming ocean waves into clean and cost-efficient electricity through patented technology [6][8] - The company has successfully developed Israel's first grid-connected wave energy station, recognized as a "Pioneering Technology" by the Israeli Ministry of Energy [5][7] Project Details - The Los Angeles pilot project utilizes Eco Wave Power's patented floaters attached to existing marine infrastructure, showcasing an environmentally friendly and scalable solution for wave energy [4][5] - The company has a growing project pipeline of 404.7 MW, with upcoming projects planned in Portugal, Taiwan, and India, indicating significant global expansion [5][8] Recognition and Impact - The recognition by TIME serves as a validation of the significance of wave energy and its potential to contribute to climate change mitigation [3][5] - The pilot project is positioned as a proof-of-concept for future grid-connected deployments, emphasizing the readiness of wave energy for broader application [5][10]
Congresswoman Barragán Visits Eco Wave Power Project in LA, Calls for $1B Federal Investment in Wave Energy
Newsfile· 2025-10-07 12:00
Core Insights - Eco Wave Power Global has launched the first onshore wave energy pilot station in the U.S. at AltaSea in the Port of Los Angeles, highlighting the potential of wave energy as a significant renewable energy source for coastal communities [1][5][9] Company Overview - Eco Wave Power is a pioneering company that transforms ocean wave energy into clean, reliable, and cost-efficient electricity through patented technology [8] - The company has developed and operates Israel's first grid-connected wave energy power station and is expanding its project pipeline globally, with upcoming projects in Portugal, Taiwan, and India, totaling 404.7 MW under development [9][10] Industry Potential - The pilot project at AltaSea demonstrates the feasibility and scalability of wave energy technology, which can harness ocean waves along existing marine infrastructure to generate clean electricity [5][6] - California's coastlines alone have the potential to generate gigawatts of wave energy, presenting significant opportunities for investors and municipalities to diversify renewable energy portfolios and reduce carbon emissions [6][7] Federal Support and Investment - Congresswoman Nanette Barragán emphasized the importance of federal support for wave energy, including her proposed $1 billion Marine Energy Technologies Acceleration Act aimed at advancing marine energy technologies across the U.S. [4][5] - The growing interest from investors and federal backing positions the U.S. to potentially lead in marine renewable energy [5][7]
Motorola Expands WAVE PTX Platform, Boosts PTT in Dominican Republic
ZACKS· 2025-09-19 14:55
Core Insights - Motorola Solutions, Inc. (MSI) has launched its WAVE PTX communication platform in the Dominican Republic, enhancing access to secure and instant broadband push-to-talk (PTT) services for on-the-go workforces [1][9] - The subscription-based WAVE PTX solution connects teams across various networks, ensuring uninterrupted operations during critical moments [2] - The platform allows real-time voice and data communications, enabling employees to share multimedia content and enhancing situational awareness through integrated mapping tools [3] Product Features - WAVE PTX is supported by dedicated TLK 100 and TLK 110 devices, which offer interoperability with two-way radio systems and ruggedized features for safety [4] - The TLK 110 model includes advanced safety features such as 'Lone Worker' and 'Fall Alert' to protect workers in emergencies [4][5] Financial Outlook - For 2025, Motorola anticipates non-GAAP earnings in the range of $14.88-$14.98 per share, reflecting a growth from previous estimates, with revenue growth projected at 7.7% or $11.65 billion [7] - The company expects third-quarter 2025 non-GAAP earnings between $3.82 and $3.87 per share, with approximately 7% revenue growth [7] Market Performance - Motorola currently holds a Zacks Rank 3 (Hold), with its stock gaining 12.4% over the past six months, compared to a 22.5% growth in the Wireless Equipment industry [8]
Eco Wave Power and BladeRanger Launch First-Ever Drone-Powered Maintenance for Onshore Wave Energy Systems
Newsfile· 2025-09-16 12:00
Core Insights - Eco Wave Power Global AB is advancing its wave energy technology by partnering with BladeRanger Ltd to enhance maintenance through automated drone solutions [1][4][5] - The collaboration aims to reduce operational costs, minimize downtime, and increase energy output, making wave energy more competitive with other renewable sources [3][5] Company Developments - The partnership was demonstrated at Eco Wave Power's project in Jaffa Port, Israel, where BladeRanger's drones performed cleaning and inspection of the company's floaters [2][3] - Eco Wave Power recently launched its Los Angeles Pilot project on September 9, 2025, marking a significant milestone in its operations [1][4] Financial Implications - Historically, operational costs at Eco Wave Power's sites have reached up to 4% of project CAPEX annually, and the introduction of drone technology is expected to significantly lower these costs [3] - The collaboration with BladeRanger could lead to a long-term strategic partnership, potentially expanding drone technology deployment across Eco Wave Power's global project pipeline [5][10] Industry Context - BladeRanger specializes in autonomous drone solutions for cleaning and maintenance in renewable energy sectors, and is now expanding its services to wave energy [7][8] - Eco Wave Power is recognized for its innovative approach to wave energy, having developed Israel's first grid-connected wave energy power station and is actively expanding its project pipeline globally [9][10]