LOS
ANGELES, Oct. 19, 2023 /PRNewswire/ -- Eco Wave
Power Global AB (publ) (Nasdaq Capital Market: WAVE) ("Eco Wave Power" or "EWP" or the "Company"), a
leading, publicly traded onshore wave energy company, is pleased to
announce that founder and CEO Inna
Braverman was named the recipient of AltaSea's Innovation
Award, given annually to companies or individuals that are creating
innovative solutions to some of the world's most pressing
problems.
The theme for this year's Blue Hour was "Women Stewarding
the Ocean," and featured four women honored at the event, including
Academy Award-winning director James
Cameron's Avatar Alliance Foundation Creative Director
Kim Butts, Santa Monica College Dean Dr. Patricia Ramos, and AltaSea Emeritus Founding
Board Member Camilla Townsend.
John Molina, a philanthropist,
and Founder of Pacific6, who built Molina Healthcare, Inc. from a
fledgling start-up into a Fortune 200 company, won the Innovation
Award last year for his groundbreaking work in aquaculture, and
presented Braverman with this year's Innovation award.
While introducing Inna he said as follows: "Innovation is about
turning ideas into reality. Lots of us have ideas, but it takes a
certain person to build a certain team to take that to reality. Our
award winner today, Inna Braverman,
has a wonderful backstory that I'll let her tell you. She has
overcome challenge after challenge after challenge, from the point
of her birth until even last week. But through it all, she came up
with a wonderful idea, and built a team that has taken a company
public and is continuing with the vision that she had for a
successful, sustainable company."
Braverman, in her acceptance speech, said: "I am extremely proud
to be here today and be honored with the Innovation Award for women
stewarding the ocean. This award embodies two of my greatest
passions – one is my work with Eco Wave
Power and the second is my efforts to promote gender
equality in the STEM sector,". "I founded Eco Wave Power when I was 24, and back then
everyone told me that wave energy is impossible, but I kept working
hard to prove that wave energy is possible. I never gave up.
Now, Eco Wave Power has a grid
connected power station in Jaffa Port, in Israel, a planned pilot station here in the
Port of Los Angeles, which will be
the first of its kind in California, and a first commercial scale power
station in final planning phases in Portugal.
I strongly believe that wave energy, and Eco Wave Power, will be a significant part of
the world's renewable energy mix, and a significant resource in the
fight against climate change" added Inna.
Braverman concluded her acceptance speech by asking for prayers
and support for her home country of Israel, receiving applause:
"While we are having a Blue Hour here, Israel is having one of its darkest hours,
with over 1,300 citizens killed and more than 100 citizens
kidnapped in Gaza. In these dark
days, I would ask you to support Israel and stand with Israel. Because in the end, we will not
remember the words of our enemies, but the silence of our
friends."
For the full speech please view the following link:
Blue Hour Award
Previous Innovation Award recipients include Robert Downey Jr.'s FootPrint Coalition and
Esri's Dr. Dawn Wright, the first
Black person to dive to the deepest point on Earth. At previous
Blue Hour events, ocean explorers Dr. Bob
Ballard, Sylvia Earle, and
Phillippe Cousteau were honored for their contributions to ocean
innovation and exploration.
AltaSea is the home of Eco Wave
Power's first-ever US pilot station, which is set to be
installed in the coming months. The energy conversion unit has been
on static display at AltaSea, allowing prominent policymakers,
businesses, celebrities, and philanthropists to tour the station
and see the technology in person.
At Saturday's award ceremony, the energy conversion unit was a
part of a live art installation, with Los
Angeles-based artist Stephanie
Sherwood painting a compelling mural on the side of the
conversion unit featuring sea creatures local to San Pedro, including sea lions.
"Blending art with important causes like ocean conservation is
an important way to spur others into action," said Braverman. "Art
is a powerful medium and by having our energy conversion as a part
of a live art installation we hope to inspire others to get
involved in growing the blue economy."
In the past year, Ms. Braverman has hosted multiple prominent
celebrities, policymakers, and philanthropists at the station,
including former California
Governor Arnold Schwarzenegger, Dr.
Melanie Lundquist, Kat Taylor, and
others, to showcase the technology and the simplicity of
Eco Wave Power's patented
design.
About AltaSea at the Port of Los
Angeles
AltaSea at the Port of Los
Angeles, located on 35 acres at North America's leading seaport by both
container volume and cargo value, is an ocean technology campus
that has become the hub for marine science, research, and
education. AltaSea has 27 tenants exclusively focused on ocean
innovation and research collaborations with numerous colleges and
universities, including USC and
UCLA – all finding solutions to climate
change through the ocean. AltaSea is dedicated to accelerating
scientific collaboration, advancing an emerging blue economy
through business innovation and job creation, and inspiring the
next generation, all for a more sustainable, just, and equitable
world.
For more information on AltaSea, please
visit: https://altasea.org.
About John Molina
John, with his father and family, built Molina Healthcare, Inc.
from a fledgling start-up into a Fortune 200 company, serving
nearly five million members and employing over 25,000 people
nationwide. As Chief Financial Officer, John oversaw all financial
activity including corporate finance, investor relations,
accounting, treasury, and actuarial functions – and was responsible
for executing the expansion efforts of Molina Healthcare's business
development, mergers and acquisition program.
John's business and philanthropic connections to Long Beach are numerous and well-known. He has
helped develop many forward-thinking enterprises and successful
commercial properties in the city. John actively serves on the
boards of the Long Beach Community Foundation, Long Beach
Convention & Visitors Bureau, and the California State University Foundation. As a
charter member and the current Chair of the Board of Directors for
the Aquarium of the Pacific, John is
intimately involved in the $53
million Pacific Visions expansion of the Aquarium. In 2010,
John and his siblings funded the construction of the Aquarium's
Molina Animal Care Center.
John received a Bachelor of Arts degree in Economics from
California State University, Long
Beach, where he was elected to the Phi Beta Kappa Honor
society, and a Juris Doctorate from the University of Southern California School of
Law.
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 completed construction of and received all approvals
for its grid connected project in Israel, with co-investment from the Israeli
Energy Ministry, which recognized the Eco Wave Power's technology
as "Pioneering Technology." The EWP-EDF One station project marks
the first grid-connected wave energy system in Israeli history.
Eco Wave Power will soon commence
the installation of its newest pilot in AltaSea's premises in the
Port of Los Angeles, and plans to
move towards its first commercial installation in Portugal. In addition, the Company 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
Inna@ecowavepower.com
+97235094017
For media inquiries, please contact:
Jacob Scott, Vectis Strategies
+14124457719
jscott@vectisstrategies.com
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.
The following files are available for download:
https://mb.cision.com/Main/18497/3856963/2371487.pdf
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SOURCE EWPG Holding AB (publ)