Los Angeles, California--(Newsfile Corp. - June 25, 2025) - Eco Wave Power Global AB (publ) (NASDAQ: WAVE), a leading onshore wave energy developer, is pleased to announce that Inna Braverman, Founder and CEO of Eco Wave Power, and Ran Atias, VP of Engineering, held a strategic meeting with Terry Tamminen, CEO of AltaSea at the Port of Los Angeles, to officially agree upon the launch date and public unveiling of the first-ever onshore U.S. wave energy pilot project. The historic launch event is scheduled to ...

Porto, Portugal--(Newsfile Corp. - May 28, 2025) - Eco Wave Power Global AB (publ) (NASDAQ: WAVE), a leading onshore wave energy technology company, is pleased to announce a key milestone in the development of its first 1MW wave energy power station in the City of Porto, Portugal. Eco Wave Power has successfully paid the first installment - representing 50% of the grid connection fee - for the planned 1MW station, marking significant progress in the project's implementation. To view an enhanced version of t ...

Eco Wave Power Global (WAVE) Q1 2025 Earnings Call May 12, 2025 09:00 AM ET Company Participants Aharon Yehuda - CFOInna Braverman - CEO Operator Greetings, and welcome to the Ecowave Power First Quarter twenty twenty five Earnings Call. Please note this conference is being recorded. I will now turn the conference over to your host, Mr. Aron Yehuda, CFO of Ecowave Power. Sir, you may begin. Aharon Yehuda Thank you. Good morning, everyone, and thank you for joining us to Ecowave Power's first quarter twenty ...

Financial Data and Key Metrics Changes - For Q1 2025, Ecowave Power recorded a net loss of $500,005, an improvement from $527,000 in the same period last year, reflecting ongoing cost discipline while supporting project development [2][6] - Operating expenses increased to $765,000 from $659,000 in Q1 2024, primarily due to growth in engineering and execution work related to projects in Los Angeles and Portugal [3] - Cash and short-term deposits as of March 31, 2025, were $8,800,000, down from $9,300,000 at the end of 2024, attributed to development stage spending [4] Business Line Data and Key Metrics Changes - In Los Angeles, the company moved from permitting to production, with a floater manufacturing agreement signed in April, expected to be completed by the end of Q2 2025 [6][7] - In Portugal, engineering designs were finalized, and groundwork has begun under a 20 megawatt concession agreement, with equipment procurement and installation anticipated later this year [7] - The AWP EDF-one installation at Jaffa Port in Israel logged zero downtime in Q1, with successful testing of 10 floaters demonstrating an average power output of 13 kilowatts [8] Market Data and Key Metrics Changes - Partnerships in India and Taiwan reached new milestones, with a site assessment planned at the Mumbai oil terminal and a sale agreement in Taiwan moving into the detailed permitting phase [7][8] - The company anticipates a purchase order in Q2 for the Indian project, indicating progress in international markets [7] Company Strategy and Development Direction - The company is focused on maintaining a healthy balance sheet while advancing the commercialization of its wave energy technology [4] - An advisory board was established to strengthen governance and strategic direction, with a member appointed who has extensive experience in energy and sustainability [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to continue investing in its global pipeline while preserving flexibility for new opportunities [6] - The company remains committed to building a diversified and resilient wave energy business, with expectations for further progress throughout the year [10] Other Important Information - The company is focusing its R&D efforts in 2025 on reducing floater costs and streamlining installation processes [8] Q&A Session Summary - No specific questions or answers were recorded in the provided content, as the call concluded without a Q&A segment [11]