Eco Wave Power Global AB Q4 FY2021 earnings call

• Progress with EWP EDF One Project in Israel: All floaters manufactured, installation of floaters to sea wall begun, electric groundwork for grid connection finalized.
• Collaboration with Israeli Ministry of Defense Navy: Examining feasibility of installing EcoWave Power technology at Navy bases, procured wave measuring system, coordinating deployment of systems.
• Projects in Portugal and Ireland: Secured installation and grid connection permits for 1 MW projects, appointed Pedro Ernesto Ferreira as head of Portuguese operations.
• Project pipeline: Over 325 MW of potential projects, interest in renewable wave energy solutions high due to rising energy costs.
• Collaborations: Agreement with AltaSea in LA port, partnership with Ocean Power Technologies, New Jersey legislation initiative for wave energy in energy master plan, selection in LA economic development challenge.

No specific financial performance for product segments with absolute revenue and contribution % provided in the transcript.

• 2022 goals include official opening of EWP EDF One Project in Israel, significant progress with 1 MW project in Portugal, progress on LA pilot project, and announcements of new projects, collaborations, and grants in Europe and US.
• Focus on advanced projects, expanding marketing/sales/engineering teams, leveraging capital position, and reinforcing projects pipeline with feasibility studies.

• Previous challenges with offshore wave energy tech: High costs, low reliability, insurance issues, environmental concerns (disturbing marine environment), and difficulty connecting to electrical grid.
• EcoWave Power addressed these with Gibraltar project, proving lower costs, reliability, insurance, and environmental friendliness by connecting to man-made structures instead of ocean floor.

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