Core Viewpoint - Eco Wave Power has signed an agreement for the sale of its first wave energy generation unit to I-Ke International Ocean Energy Co, marking a significant step in the deployment of wave energy technology in Taiwan [1][3]. Group 1: Project Details - The project involves a 100KW pilot wave energy power station, with I-Ke providing full financing and purchasing a turnkey conversion unit from Eco Wave Power [3]. - The first stage of the project aims to develop a 20 MW wave energy power station, starting with the 100KW pilot and expanding to a total targeted installed capacity of 400 MW [4]. - I-Ke has identified 83 potential sites along the Taiwanese coastline for future commercial implementation of Eco Wave Power's technology [5][11]. Group 2: Company Background - Eco Wave Power is a publicly traded company specializing in onshore wave energy technology, with a mission to combat climate change by enabling commercial power production from ocean waves [12]. - The company has a project pipeline totaling 404.7 MW and has received funding from various European entities, including the European Union Regional Development Fund [14]. - I-Ke International Ocean Energy, a subsidiary of Lian Tat Company, focuses on developing wave power projects in Taiwan and aims to promote clean energy [10][11]. Group 3: Leadership and Partnerships - Inna Braverman, CEO of Eco Wave Power, expressed excitement about the project and acknowledged the support from local partners and the Taiwanese government [5]. - The project has garnered interest from key figures in Taiwan's energy sector, including Mr. Yu Zheng Wei and Mrs. Wang Mei Hua, indicating strong local support for the initiative [6]. - The collaboration between Eco Wave Power and I-Ke is seen as a strategic move to position Taiwan as a hub for wave energy expansion in the Asia-Pacific region [4].

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 ...

Financial Performance - Net loss for Q1 2024 was $527,000, slightly up from $523,000 in the same period last year[16] - The net loss for Q1 2024 was $527,000, slightly higher than the net loss of $523,000 in Q1 2023, indicating a marginal increase of 0.8%[24] - Financial income decreased to $147,000 in Q1 2024 from $172,000 in Q1 2023, a decline of about 14.5%[24] - The accumulated deficit increased to $13,514,000 in March 2024 from $12,994,000 in March 2023, reflecting an increase of approximately 4%[22] - Loss per common share remained stable at $(0.01) for both Q1 2024 and Q1 2023[24] Operating Expenses - Operating expenses decreased by 3.5% year-over-year, totaling $659,000 for Q1 2024[16] - Operating expenses reduced to $659,000 in Q1 2024 from $683,000 in Q1 2023, a decrease of approximately 3.5%[24] - Research and development expenses decreased by 15.7% to $177,000 compared to the same period last year[16] - Research and development expenses decreased to $177,000 in Q1 2024 from $210,000 in Q1 2023, a reduction of about 15.7%[24] Assets and Liabilities - Total assets decreased to $9,297,000 in March 2024 from $10,009,000 in March 2023, representing a decline of approximately 7.1%[22] - Current assets decreased slightly to $8,097,000 in March 2024 from $8,756,000 in March 2023, a decrease of about 7.5%[22] - Total liabilities increased to $2,255,000 in March 2024 from $2,208,000 in March 2023, an increase of approximately 2.1%[22] - The total equity decreased to $7,042,000 in March 2024 from $7,801,000 in March 2023, a decline of about 9.8%[22] Project Developments - The EWP-EDF One Project in Israel showed a significant reduction in downtime from 35% in January 2024 to only 3.6% in April 2024, indicating improved operational efficiency[3] - A comprehensive feasibility study identified at least 77 potential sites in the U.S. for commercial onshore wave energy stations[2] - The first commercial wave energy project in Porto, Portugal, is expected to be completed within 24 months, marking a significant milestone for the company[2] Strategic Initiatives - The company plans to establish a U.S.-based sales and business development team to enhance revenue from turnkey wave energy projects[9] - The company aims to boost revenues by supplying turnkey wave energy solutions while progressing with core projects[8] Market Performance - Eco Wave Power's share price outperformed the MSCI Global Alternative Energy Index by 136.42% over the last three months[4]