Eco Wave Power will Present its Innovative Technology during the Austrian Annual World Summit Hosted by Former Governor of California- Arnold Schwarzenegger

USA - English

• USA - English

VIENNA, May 15, 2023 /PRNewswire/ -- Eco Wave Power Global AB (publ) (Nasdaq: WAVE) ("Eco Wave Power" or the "Company") is pleased to update that the Company's Founder and CEO Inna Braverman will speak at the Austrian World Summit, an international conference that brings together policymakers, business leaders, and environmental experts to discuss the world's most pressing environmental issues, on May 16 and 17, 2023.  On the 16^th, at 2:15 PM CET, Braverman will present as part of "Matchmaking - We have the Power to Connect Panel", and on the 17^th, Braverman will join former California Governor Arnold Schwarzenegger onstage for a roundtable discussion, where she will offer perspectives on climate change, the energy crisis, and the untapped potential of wave energy.

The annual climate conference, now in its seventh year, is one of the largest climate conferences in the world and the centerpiece of the Schwarzenegger Climate Initiative. This year's theme is "We Have the Power" and will focus on what everyone can do to help fight climate change. The conference is expected to bring together close to 4,500 guests from over 100 countries to present concrete solutions and collaborate to build a clean future for us and the next generation.

Braverman, who founded Eco Wave Power at just 24 years old, has become one of the world's leading voices in the renewable energy industry and has dedicated her career to promoting sustainable energy solutions. Braverman has developed a unique technology that harnesses the power of ocean waves to generate clean, renewable energy.

"I am honored to have been invited to speak at the Austrian World Summit and to have the opportunity to share my vision for a sustainable energy future," said Braverman. "Climate change is the greatest challenge of our time, and we must work together to develop innovative solutions that can help us transition to a low-carbon economy. Gatherings like this are crucial to developing solutions, and I am excited to bring my perspective and ideas to the conversation."

During the discussions, Inna Braverman will share her insights on the role of wave energy in achieving a carbon-neutral future and will discuss the challenges and opportunities facing the renewable energy industry in the coming years.

In April, Braverman hosted former Governor Arnold Schwarzenegger for a tour of Eco Wave Power's power station at AltaSea at the Port of Los Angeles, which is believed to be the United States' first onshore wave energy installation. Schwarzenegger was impressed with the technology along with the significant wave energy potential in California, and the relatively small space requirement for the implementation of commercial scale wave energy power stations.

About Eco Wave Power Global AB (publ)

Eco Wave Power is a leading onshore wave energy technology company that developed a patented, smart and cost-efficient technology for turning ocean and sea waves into green electricity. Eco Wave Power's mission is to assist in the fight against climate change by enabling commercial power production from the ocean and sea waves.

The Company is currently finalizing the construction of its grid connected project in Israel, with co-investment from the Israeli Energy Ministry, which recognized the Eco Wave Power technology as "Pioneering Technology" and will soon commence the installation of its newest pilot in AltaSea's premises in the Port of Los Angeles. The Company also holds concession agreements for commercial installations in Europe and has a total projects pipeline of 404.7MW.

Eco Wave Power received funding from the European Union Regional Development Fund, Innovate UK and the European Commission's Horizon 2020 framework program. The Company has also received the "Global Climate Action Award" from the United Nations.

Eco Wave Power's American Depositary Shares (WAVE) are traded on the Nasdaq Capital Market.

Read more about Eco Wave Power at www.ecowavepower.com. Information on, or accessible through, the websites mentioned above does not form part of this press release.

For more information, please contact:

Inna Braverman, CEO
[email protected]
+97235094017

For media inquiries, please contact:

Jacob Scott, Vectis Strategies
+1.412.445.7719
[email protected]

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will", or variations of such words, and similar references to future periods. These forward-looking statements and their implications are neither historical facts nor assurances of future performance and are based on the current expectations of the management of Eco Wave Power and are subject to a number of factors, uncertainties and changes in circumstances that are difficult to predict and may be outside of Eco Wave Power's control that could cause actual results to differ materially from those described in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Except as otherwise required by law, Eco Wave Power undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting Eco Wave Power is contained under the heading "Risk Factors" in Eco Wave Power's Annual Report on Form 20-F for the fiscal year ended December 31, 2022 filed with the SEC on April 27, 2023, which is available on the on the SEC's website, www.sec.gov, and other documents filed or furnished to the SEC. Any forward-looking statement made in this press release speaks only as of the date hereof. References and links to websites have been provided as a convenience and the information contained on such websites is not incorporated by reference into this press release.

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