New Risk • May 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 19% per year for the foreseeable future. Revenue is less than US$1m (US$38k revenue). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$5.4m net loss in 2 years). Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (US$40.2m market cap). Announcement • Apr 01
Eco Wave Power Global AB (publ) Announces Completion Of Wave Energy Pilot Program At Port Of Los Angeles Eco Wave Power Global AB (publ) has announced the successful completion of its wave energy pilot program at the Port of Los Angeles, conducted in collaboration with Shell International Exploration and Production Inc. The Company has submitted the final project completion report to Shell, confirming that all milestones under the 2024 Pilot Test Agreement have been successfully achieved. Full pilot lifecycle completed — from feasibility to real-world operation. System successfully operated under real marine conditions. Total pilot CapEx below $1 million. Fully permitted project with no significant environmental impact. Demonstrated deployment on existing coastal infrastructure (no seabed anchoring or offshore construction required). The successful execution of the pilot marks a significant step toward the commercialization of Eco Wave Power's onshore wave energy technology, which is designed to deliver cost-efficient, reliable renewable energy from existing coastal infrastructure. The project also validates a key industry advantage: the ability to deploy wave energy systems without the complexity and cost associated with offshore installations. Eco Wave Power's technology was recently featured in a digital twin demonstration during the keynote presentation of NVIDIA CEO Jensen Huang at the NVIDIA GTC conference, highlighting the growing intersection between renewable energy infrastructure and artificial intelligence. As global electricity demand accelerates—driven in part by AI, data centers, and digital infrastructure—Eco Wave Power's nearshore energy generation model offers a strategic solution for powering coastal 'AI factories' and energy-intensive infrastructure. The collaboration between Eco Wave Power and Shell began with a large-scale feasibility study identifying 77 potential U.S. coastal sites suitable for wave energy deployment. This pilot project represents the successful transition from feasibility analysis to real-world implementation, reinforcing Eco Wave Power's ability to execute projects with leading global energy companies. The Port of Los Angeles installation now serves as a reference project for future commercial deployments. Eco Wave Power believes this milestone establishes: A technical proof of concept. A regulatory pathway. A commercial foundation for scaling wave energy globally. The site will continue operating as a demonstration and educational facility for policymakers, industry stakeholders, and potential partners. Announcement • Feb 13
Eco Wave Power Global AB (publ) Provides Update on Wave Energy Production at its EWP-EDF One Wave Energy Pilot Project at Jaffa Port, Israel Eco Wave Power Global AB (publ) provided 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 heights ranging between 1 and 2 meters, the project generated more than 2,300 kWh of clean, renewable electricity. Since the beginning of 2025, the E WP-EDF One system at Jaffa Port has maintained zero downtime, with consistent performance recorded in wave conditions of 1 meter and above. The January 2026 results further validate the system's operational robustness and its ability to deliver reliable energy generation during moderate wave conditions. The EWP-EDF One project at Jaffa Port is a pilot-scale demonstration array, consisting of a limited number of small-scale floaters. The project is designed primarily to validate continuous operation, system durability, and real-world energy production performance, while generating high-quality operational data to support future commercial-scale deployments. Performance data collected during January 2026 further supports the scalability of Eco Wave Power's proprietary technology. Future commercial projects are planned to utilize significantly larger floaters and a substantially greater number of units. These configurations are expected to materially enhance energy capture, improve capacity factors, and deliver a more powerful and stable production profile compared to pilot-scale installations. Eco Wave Power continues to advance wave energy as a predictable and complementary renewable energy source in suitable coastal environments, while systematically optimizing system design based on real-world operational experience. In parallel with its activities in Israel, Eco Wave Power is expanding its global presence. In September 2025, the Company successfully launched its wave energy project at AltaSea in the Port of Los Angeles in collaboration with Shell Marine Renewable Energy, following the receipt of all required regulatory approvals, including a federal license from the U.S. Army Corps of Engineers. The Company is also progressing projects in Taiwan, in collaboration with I-KE; in India, in collaboration with Fortune 500 Bharat Petroleum; and in Portugal, where preparations are underway for Eco Wave Power's largest installation to date. "January's production production production at Jaffa Port is expected to be in the Port of Los Angeles, following the receipt of all necessary regulatory approvals, including a regulatory license from the U.S., Army Corps of Engineers. 
