The Project is Expected to Commence with a Landmark 100KW Pilot Project, and Gradually Expand to 20MW, Followed by an Ambitious Target of 400MW of Commercial Capacity on the Taiwanese Coastline. TEL AVIV, Israel, Oct. 7, 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 that it signed an agreement for the sale of the first wave energy generation unit with I-Ke Internationa ...

SOUTH JORDAN, Utah, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Merit Medical Systems, Inc. (NASDAQ: MMSI), a global leader of healthcare technology, today announced positive 6-month findings from the randomized arteriovenous (AV) fistula arm of its WRAPSODY Arteriovenous Access Efficacy (WAVE) pivotal trial. The data were shown at the Cardiovascular and Interventional Radiological Society of Europe (CIRSE) during a FIRST@CIRSE presentation. WRAPSODY is a cell-impermeable endoprosthesis which is intended to extend l ...

Exhibit 99.1 Eco Wave Power Global AB (publ) Condensed consolidated financial statements As of June 30, 2024 Unaudited Index | --- | --- | |--------------------------------------------------------------------|-------| | | Page | | CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION | 3 | | CONDENSED CONSOLIDATED STATEMENTS OF LOSS | 4 | | CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS | 5 | | CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY | 6 | | CONDENSED CONSOLIDATED STATEMENTS OF CAS ...

PETAH TIKVA, Israel, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today its selection as a board member of the newly established Waveform Architecture for Virtualized Ecosystems (WAVE) Consortium. Gilat joins a distinguished group of board members committed to driving innovation in satellite communication networks through agile, scalable, and cost-effective infrastructure. Estab ...

Core Viewpoint - Eco Wave Power Global AB has received authorization from the Swedish Financial Supervisory Authority to repurchase up to 10 percent of its American Depositary Shares, following approval from shareholders at the 2024 Annual General Meeting [1][2][5]. Group 1: Repurchase Authorization - The Swedish Financial Supervisory Authority (SFSA) has determined that American Depositary Shares (ADS) are not equivalent to shares under Swedish law, allowing the company to proceed with the buyback [1]. - The repurchase program was approved by shareholders at the 2024 Annual General Meeting, granting the board the authority to buy back ADSs under specific conditions [2][3]. - The maximum number of ADS that can be repurchased is limited to 10 percent of the total shares, and purchases must occur on regulated markets at prices within the highest purchase and lowest selling price range [3]. Group 2: Execution and Management - The company will enter into agreements with a bank to facilitate the buyback process, which may include open market purchases or privately negotiated transactions [2][5]. - The timing and amount of repurchases will be determined by the company's management based on various market and economic conditions [5]. Group 3: Company Overview - Eco Wave Power is a leading onshore wave energy company that has developed patented technology for converting ocean waves into green electricity, contributing to climate change mitigation [6]. - The company operates a grid-connected wave energy project in Israel, recognized as pioneering technology, and is set to begin additional projects in Los Angeles and Portugal, with a total project pipeline of 404.7 MW [7][8].

Core Insights - Merit Medical Systems, Inc. is set to release findings from the WAVE study, which evaluates the safety and efficacy of the WRAPSODY Cell-Impermeable Endoprosthesis for treating stenosis in the venous outflow circuit [1][6] Study Details - The WAVE study enrolled 245 patients with stenosis in arteriovenous fistula (AVF) and 113 patients with stenosis in arteriovenous graft (AVG) [2] - Patients with AVF were randomized 1:1 to receive either WRAPSODY or standard care with percutaneous transluminal angioplasty (PTA) [2] - The study will follow patients for 24 months, with six-month safety and efficacy findings to be presented at various congresses this year [2] Presentation Schedule - The first results will focus on the AVF cohort and will be presented at the Cardiovascular and Interventional Radiological Society of Europe (CIRSE) on September 14 [3] - Specific results at six months will include target lesion primary patency, access circuit primary patency, and safety events [3] - A Merit-sponsored symposium will follow the presentation on September 16, featuring discussions on hemodialysis evidence and clinical strategies [4] Additional Findings - Core laboratory findings supporting the cell-impermeable design of WRAPSODY will be presented at the Controversies in Dialysis Access (CiDA) Symposium on October 5 [5] - The findings from the WAVE study are expected to support the Premarket Approval (PMA) application to the FDA for WRAPSODY, which is currently under an Investigational Device Exemption (IDE) [6] Company Background - Merit Medical Systems, Inc. was founded in 1987 and specializes in developing, manufacturing, and distributing proprietary disposable medical devices for interventional, diagnostic, and therapeutic procedures [7] - The company employs approximately 7,000 people worldwide and serves client hospitals globally with a dedicated sales force and clinical support team [7]

Core Points - The Marine Energy Technologies Acceleration Act aims to invest $1 billion to advance marine energy towards full-scale commercialization, highlighting the potential of wave energy as a clean energy solution [1][2][3] - The legislation will provide significant funding for demonstration projects, research and development, resource mapping, workforce development, and improved permitting processes [2][3] - Coastal communities, where nearly 40% of the U.S. population resides, stand to benefit from the clean, renewable energy generated from marine resources [3] Company Insights - Eco Wave Power Global AB is a leading onshore wave energy developer, recognized for its patented technology that converts ocean waves into green electricity [9][10] - The company is set to install the first U.S. onshore wave energy pilot station at the Port of Los Angeles in collaboration with Shell MRE [4][11] - Eco Wave Power has a project pipeline totaling 404.7 MW and has received funding from various European entities, showcasing its commitment to advancing wave energy technology [11] Industry Context - The introduction of the Marine Energy Technologies Acceleration Act is seen as a pivotal moment for the marine energy sector, which has historically received limited federal investment [3][7] - The legislation is expected to catalyze the development of marine energy technologies and create high-paying jobs while contributing to decarbonization goals [3][5] - The U.S. aims to position itself as a global leader in climate initiatives, with wave energy being a crucial component in combating climate change [6]

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Q1 2024 Earnings Call Transcript May 17, 2024 9:00 AM ET Company Participants Aharon Yehuda - Chief Financial Officer Inna Braverman - Chief Executive Officer Operator Greetings. Welcome to the Eco Wave Power’s First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions] Please note this conference is being recorded. I will now turn the conference over to your host, Aharon Yehuda, CFO of Eco Wave ...

Exhibit 99.1 Eco Wave Power Announces Q1 Financial Results; Progress with Projects in Israel, United States and Portugal, While Continuing to Present Decrease in Operating Expenses and Plans to Enhance Cash Flow. Stockholm, Sweden, May 16, 2024 – 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 electri ...

Financial Data and Key Metrics Changes - Company reported a revenue increase of 1,076%, excluding funds from grants and other sources, and a 36% reduction in net loss, ending the year with $8.4 million in cash and deposits [4][10] - The cash burn rate has decreased significantly, indicating improved financial management [4] Business Line Data and Key Metrics Changes - The Israeli project achieved grid connection, marking the first time wave energy was connected to the Israeli National Electrical Grid, which is a significant milestone for the company [4] - The company secured an investment agreement with Shell MRE for its first U.S. project at the Port of Los Angeles, with Shell contributing 50% of the costs [5][6] Market Data and Key Metrics Changes - The clean energy sector, including wave energy stocks, faced challenges in 2023, with major companies experiencing significant stock declines due to high interest rates and slow climate change efforts [8] - Despite the downturn, the company believes there will be significant opportunities in the renewable energy market due to positive initiatives like the Biden Administration's Inflation Reduction Act [9] Company Strategy and Development Direction - The company is focused on expanding its wave energy projects in the U.S. and Portugal, with a landmark project in Portugal expected to be completed by March 2026 [7] - The partnership with Shell emphasizes the company's commitment to sustainable innovation and the development of marine renewable energy technologies [5][6] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the unpredictability of the economic landscape in 2023 but expressed confidence in the company's resilience and adaptability [3] - The CEO expressed disappointment in the stock performance but reassured stakeholders of the company's financial stability and upcoming project execution [10][11] Other Important Information - The company has reinforced its financial position by providing feasibility studies and project planning services to major energy companies and securing multiple grants [8] - The company is looking forward to receiving approval to buy back up to 10% of its stock on NASDAQ, demonstrating confidence in its own value [11] Q&A Session Summary - The Q&A session did not contain any recorded questions or answers, indicating a lack of engagement during this segment [12]