Tel Aviv, Israel--(Newsfile Corp. - February 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 provide an update on wave energy production at its EWP-EDF One wave energy pilot project at Jaffa Port, Israel, during January 2026.During January 2026, the EWP-EDF One system continued to demonstrate stable and reliable operation under real-world sea conditions. Over approximately 11 days characterized by wave ...

London, United Kingdom--(Newsfile Corp. - February 10, 2026) - Eco Wave Power Global AB (NASDAQ: WAVE) ("Eco Wave Power" or the "Company"), a global leader in onshore wave energy technology, today announced that Eco Wave Power Ltd. has signed a Letter of Intent ("LOI") with Wavefront Asset Management Limited ("Wavefront" or "WAM"), a UK-based asset management firm specializing in the financing of environmental and sustainable maritime assets.Under the LOI, Wavefront is expected to provide structured equipm ...

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]

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].

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]