Welcome to our dedicated page for Eco Wave Power Global Ab (Publ) news (Ticker: WAVE), a resource for investors and traders seeking the latest updates and insights on Eco Wave Power Global Ab (Publ) stock.
Eco Wave Power Global AB (NASDAQ: WAVE) pioneers onshore wave energy conversion technology that transforms ocean movements into renewable electricity. This news hub provides investors and industry stakeholders with timely updates on technological advancements, global project developments, and strategic partnerships driving the clean energy transition.
Access comprehensive coverage of WAVE's operational milestones, including new installations in Portugal and Taiwan, collaborations with energy leaders like EDF Renewables, and engineering breakthroughs in marine energy conversion. Our curated news collection delivers verified updates on earnings reports, regulatory approvals, and infrastructure expansions without speculative commentary.
Key content areas include project commissioning updates, patent filings for wave converter systems, partnership announcements with maritime engineering firms, and participation in international renewable energy forums. Bookmark this page for direct access to original press releases and objective analysis of WAVE's role in advancing sustainable power generation.
The shareholders of Eco Wave Power Global (Nasdaq: WAVE) are notified to attend the annual general meeting on June 27, 2024, at Setterwalls Advokatbyrå's offices, Stockholm. Registration opens 30 minutes before the AGM. To participate, shareholders must be registered with Euroclear Sweden AB by June 18, 2024, and notify their attendance by June 20, 2024. Postal voting is available. Key proposals include no dividend for 2023, amendments to share capital limits, authorizations for share issuance and repurchase, and changes to the 2020/2024:B warrant program to include Inna Braverman and David Leb. The board proposes re-election of current directors and PriceWaterhouseCoopers AB as auditors.
Eco Wave Power (Nasdaq: WAVE), an onshore wave energy technology company, announced its Q1 financial results for 2024. The company reported a 3.5% decrease in operating expenses and ended the quarter with $7.96 million in cash and short-term bank deposits. Notable milestones include progress in projects in Israel, the U.S., and Portugal. In Israel, the EWP-EDF One project showed improved energy generation and reduced downtime. In the U.S., a co-investment agreement and licensing progress for a project in the Port of Los Angeles were highlighted. In Portugal, final approvals for a commercial-size project in Porto were secured. Despite no revenues for Q1, expenses were reduced in R&D and sales, with a slight increase in general and administrative costs. The net loss was $527,000, similar to the previous year. Plans to enhance cash flow include expanding engineering and sales teams and exploring further U.S. market opportunities.
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