Porto, Portugal--(Newsfile Corp. - January 15, 2026) - Eco Wave Power Global AB (NASDAQ: WAVE) ("Eco Wave Power" or the "Company"), a global leader in onshore wave energy technology, today announced key progress in the development of its 1 MW wave energy project in Porto, Portugal, including the completion of a wave and loads assessment conducted in co-operation with MetOcean Consult and the submission of the full execution plan to Administração dos Portos do Douro, Leixões e Viana do Castelo, S.A. (APDL). ...

Tel Aviv, Israel--(Newsfile Corp. - January 12, 2026) - Eco Wave Power Global AB (NASDAQ: WAVE) ("Eco Wave Power" or the "Company"), a global leader in onshore wave energy technology, is pleased to report strong wave energy production performance at its EWP-EDF One wave energy project at Jaffa Port, Israel, during December 2025.Since the beginning of 2025, the EWP-EDF One system at Jaffa Port has maintained zero downtime, with stable operation recorded in wave conditions of 1 meter and above. During Decemb ...

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].

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]

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]

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]

Group 1: Northstar Clean Technologies - Northstar Clean Technologies has successfully produced high-quality solid asphalt pellets from end-of-life tear-off shingles at its Calgary facility, marking a significant milestone in its recycling operations [1] - This achievement builds on the company's previous success in producing liquid asphalt from manufacturing waste shingles, contributing to waste diversion from landfills and creating new market opportunities [2] Group 2: Memorial Care - Memorial Care has introduced the Intuitive Da Vinci 5 surgical system across its hospitals, becoming one of the first health systems in Southern California to adopt this advanced robotic technology [2] - The Da Vinci 5 system enhances surgeons' precision, control, and real-time digital integration, reinforcing Memorial Care's commitment to innovation and improved patient outcomes [2] Group 3: Eco-wave Power Global - Eco-wave Power Global has launched the first US onshore wave energy project at the Port of Los Angeles, marking a historic milestone for renewable energy in the country [3] - The demonstration site utilizes floaters to harness wave motion for electricity, laying the groundwork for future commercial-scale deployment and positioning the company as a leader in the US wave energy sector [3] Group 4: XDI Aerospace - XDI Aerospace has completed initial flight operations for its Sparrow and Kestrel subscale aircraft, marking key progress toward its full-scale Trifan 600 demonstrator [3] - Successful tests validated aerodynamic performance and stability, reducing development risk and keeping the program on track for future milestones [4]

Core Viewpoint - Eco Wave Power has successfully launched its first U.S. wave energy project at the Port of Los Angeles, marking a significant milestone for renewable energy in the United States and showcasing the potential for large-scale wave energy deployment along coastlines [1][2][5] Company Overview - Eco Wave Power is a global leader in onshore wave energy technology, utilizing patented technology to transform ocean waves into clean electricity [19][20] - The company has a growing project pipeline of 404.7 MW, with upcoming projects planned in the Port of Los Angeles, Portugal, Taiwan, and India [20] Project Details - The project at the Port of Los Angeles features floaters that capture ocean wave motion to generate renewable electricity, serving as a foundation for future commercial-scale operations [5][6] - This installation is the first onshore wave energy project in the U.S., demonstrating the technology's reliability and potential for clean power generation [2][5] Government Support and Policy - The launch aligns with California's climate policies and Senate Bill 605, which aims to create a comprehensive wave energy roadmap [6][7] - Federal support is increasing, highlighted by the introduction of the Marine Energy Technologies Acceleration Act, a $1 billion initiative to scale marine energy across the nation [6][7] Future Expansion - Eco Wave Power is preparing additional projects in Taiwan, India, and Portugal, emphasizing the global potential of wave energy [7][12] - The company aims to replicate its success in various regions, including Africa, where it is conducting feasibility studies for wave energy projects [14][15][16] Industry Impact - The launch has garnered national media attention, underscoring the significance of wave energy in contributing to California's clean energy goals [17] - Wave energy is positioned as a reliable and sustainable power source for energy-intensive industries, supporting the growing demand for cloud computing and AI services [13]

Core Insights - Eco Wave Power Global AB has partnered with I-KE International Ocean Energy Co. to install a wave energy pilot station in Taiwan, marking a significant milestone in the country's renewable energy sector [1][4][5] - The project aligns with Taiwan's national energy transition policy and aims to establish Suao Port as a demonstration hub for innovative green energy [4][5] Company Overview - Eco Wave Power is a leading developer of onshore wave energy technology, recognized for its patented technology that converts ocean waves into clean electricity [12] - The company has a growing project pipeline of 404.7 MW, with upcoming projects planned in various locations including Taiwan [12][13] Project Details - The pilot project will utilize a 100 kW onshore wave energy conversion unit, with plans to expand capacity to 20 MW in the medium term and potentially up to 400 MW along Taiwan's coastline [4][16] - The designated testing area at Suao Port covers 6.75 hectares, divided into three zones, with I-KE awarded exclusive rights to Zone C [3][4] Strategic Importance - This tender award is the first of its kind in Taiwan, setting a precedent for future renewable energy projects and demonstrating the country's commitment to marine renewables [4][5] - The project is expected to validate the commercial viability of wave energy and enhance Taiwan's position in the renewable energy market [5][6]

Financial Data and Key Metrics Changes - Operating expenses for H1 2025 totaled $1.6 million, an increase of $239,000 from H1 2024, reflecting continued investment in R&D and project execution [2][3] - R&D expenses increased by 25% to $399,000, driven primarily by the Portuguese project and engineering department [3] - General and administrative expenses rose by 22% to $1.1 million, mainly due to payroll for new U.S. hires and travel costs [4] - Net loss for 2025 was $1.9 million, influenced by growth investments and foreign exchange impacts [4] - Cash and short-term bank deposits at the end of the period were $7.94 million, providing a strong foundation for ongoing projects [5] Business Line Data and Key Metrics Changes - Sales and marketing expenses decreased slightly by $123,000, indicating more efficient investor communication [3] - The company is advancing its Portugal megawatt scale project, expected to operate with new continuous wave availability, demonstrating wave energy's potential [7][10] Market Data and Key Metrics Changes - In the U.S., the installation of floaters and the onshore energy conversion unit for the first U.S. wave energy project at Altoona Port of LA was completed [8] - In India, a memorandum of understanding was signed with a Fortune 500 company to explore wave energy deployment at Mumbai Oil Terminal [11] - In Taiwan, the company is advancing local production and permitting milestones for wave energy projects [11] - A feasibility study agreement was signed for a potential project in South Africa, highlighting the market's long-term potential [12] Company Strategy and Development Direction - The company's commercialization strategy includes building pilot projects in key markets to collect data and establish regulatory frameworks [6] - Efforts are being made to reduce the cost of floaters to lower the levelized cost of energy, making wave energy more competitive [7] - The company aims to position wave energy as a mainstream renewable solution, supporting high-demand computing environments [8] Management's Comments on Operating Environment and Future Outlook - Management emphasized the importance of strategic partnerships and regulatory approvals in advancing projects [14] - The leadership change with the addition of Hilary Ackerman to the Board is expected to strengthen corporate governance and support global commercialization [13] - The company is well-positioned to bring wave energy to mainstream markets, delivering innovative and sustainable solutions [14] Other Important Information - The company is participating in a €2.45 million European project to accelerate commercial scale wave energy adoption across the Atlantic Region [12] Q&A Session Summary - No specific questions or answers were provided in the content, indicating that the meeting concluded without a Q&A segment [15]