SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the month of October 2024 (Report No. 2)
Commission File Number
001-40554
Eco Wave Power Global AB (publ)
(Translation of registrant’s name into
English)
52 Derech Menachem Begin St.
Tel Aviv – Yafo, Israel 6713701
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F ☒ Form
40-F ☐
CONTENTS
On October 10, 2024, Eco
Wave Power Global AB (publ) (the “Company”) issued a press release titled “Following the Signing of the Power
Station Sale Agreement with Lian Tat, Eco Wave Power’s CEO Arrives for an Official Site Visit on the East Coast of
Taiwan,” a copy of which is furnished as Exhibit 99.1 with this Report of Foreign Private Issuer on Form 6-K.
The first, second, third,
fourth, fifth, sixth, ninth, tenth and eleventh paragraphs and the paragraph titled “Forward-Looking Statements” in the
press release furnished as Exhibit 99.1 hereto are incorporated by reference into the Company’s Registration Statements on Form F-3 (Registration Nos. 333-275728 and 333-282101) filed with the Securities and Exchange Commission to be a part thereof from the date
on which this Report of Foreign Private Issuer on Form 6-K is submitted, to the extent not superseded by documents or reports subsequently
filed or furnished.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Eco Wave Power Global AB (publ) |
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By: |
/s/ Aharon Yehuda |
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Aharon Yehuda |
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Chief Financial Officer |
Date: October 10, 2024
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Exhibit 99.1
Following the Signing of the Power Station Sale
Agreement with
Lian Tat, Eco Wave Power’s CEO Arrives for an Official Site Visit on
the East Coast of Taiwan
Inna Braverman, Founder and CEO of Eco Wave
Power arrived for an Official Visit of the Site,
Where Eco Wave Power’s technology will be Installed, as Part of the Agreement Entered
into
Between the Parties Earlier this Month.
Taipei, Taiwan (October 10, 2024) – Eco
Wave Power Global AB (publ) (Nasdaq: WAVE) (“Eco Wave Power” or the “Company”), a leading, publicly traded onshore
wave energy technology company, announced today that following the signing of the agreement for the sale of the first wave energy generation
unit to I-Ke International Ocean Energy Co. (“I-Ke”), a subsidiary of Lian Tat Company (“Lian Tat”), a leading
maritime engineering company, the Chief Executive Officer of Eco Wave Power, Ms. Inna Braverman arrived for an official site visit to
the planned installation site for Eco Wave Power’s technology on the east coast of Taiwan.
Ms. Braverman was accompanied by representatives
from I-Ke, among which Sung Chang Hung, Director of Business Development, Wang Chu Cheng, Site Manager and Mechanical Engineer, and Lee
Yu Ting, Project Manager, who presented their installation plans and timeline.
During the site visit, Ms. Braverman also met
with the representatives of the Port where the project is set to be installed, who conveyed their excitement about this landmark project.
As communicated earlier this month, I-Ke will
be providing the full financing for the 100KW pilot project by buying a turnkey conversion unit from Eco Wave Power. Meaning that Eco
Wave Power will sell to I-Ke the conversion unit for the 100KW wave energy power station, which shall include all the hydraulic and electric
conversion parts, coupled with the smart control and automation system, while I-Ke will locally produce the floaters, hydraulic cylinders
and all other components of the technology which are located on the seaside of the marine structure.
I-Ke believes that this will position Taiwan as
the hub for later stage expansion into other Asia-Pacific regions.
According to a press statement made by I-Ke, the
first stage of the project will be the development of a 20 MW wave energy power station in Taiwan, that will begin with a 100-kW pilot
and expand in stages to a total targeted installed commercial capacity of 400 MW.
Mr. CY Huang, the Chairman of Lian Tat and a respected
leader in the maritime space, which has long advocated for and helped to bring clean energy to Taiwan, commented as follows: “We
entered an MOU with Eco Wave Power in 2023, and entered into a Final Agreement a few days ago. In the time that has passed, we have selected
a site for the first 100KW demonstration in Taiwan and explored additional 83 potential sites all over the Taiwanese coastline for the
commercial implementation of Eco Wave Power’s technology in the future. I hope and believe that we will keep the momentum going,
with the support of Eco Wave Power, the Port and the Government of Taiwan”.
Ms. Inna Braverman, Founder and CEO of Eco Wave
Power commented as follows: “I am very excited to visit the first deployment site for Eco Wave Power’s technology in Taiwan,
which is also expected to be our first deployment site in Asia. I am very impressed with the progress achieved by Lian Tat and I-Ke in
such a short time frame and I would like to extend my gratitude to Mr. Huang, the Port, and the Government of Taiwan for enabling for
the implementation of our innovative and groundbreaking project in Taiwan”.
During Ms. Braverman’s official visit to
Taiwan she has also presented Eco Wave Power’s technology during the prestigious Taiwan Energy & Net Zero Conference and personally
presented the Company’s technology to Mr. Yu Zheng Wei, the Head of Taiwan’s Energy Bureau, and Mrs. Wang Mei Hua, Taiwan’s
former Minister for Economic Affairs.
Mr. Yu Zheng Wei and Mrs. Wang Mei Hua both conveyed
significant interest in Eco Wave Power and I-Ke’s upcoming wave energy project in Taiwan.
Next week, Ms. Braverman will visit Singapore
and India, where she will hold meetings with the Singapore Navy and a large Fortune 500 petroleum company from India, with the goal of
further reinforcing Eco Wave Power’s presence in the Asian market.
About Lian Tat Company
Lian Tat Company (“LTC”) was established
in March 12, 1959. Since its inception, it has been acting as a resource integrator by sourcing machinery tools and turnkey equipment
from Europe and USA to assist the industrialization of local companies.
Since 1980, LTC expanded its business scope to
source diesel engines for marine and power plant applications by associating with leading brands such as MAN, MTU, and Alstom. Its customers
include the Taiwanese Navy, Customs, and Coast Guard, the Taiwan Power Company, shipping companies, such as Evergreen, and ferry owners
and operators.
Establishing a full-fledged marine engine service
workshop in 1994, LTC set a new milestone in its history. With establishment of the workshop, and a strong service team providing timely
on-site and workshop service, LTC has created unparalleled sales and service records for the fleets of Taiwanese Navy and Coast Guard.
More recently, LTC has undergone a transformation
and ventured into new industries, such as renewable energy and offshore wind power maritime engineering. Its objective is to synergize
with the domestic maritime industry by integrating talent and resources, while also forging collaborative partnerships.
About I-Ke International Ocean Energy
I-Ke International Ocean Energy is a wholly owned
subsidiary of Lian Tat Company. It benefits from the maritime expertise of its parent company and aims to introduce commercial wave power
generation equipment domestically. Its mission is to promote clean and pollution-free green energy in Taiwan.
Chairman CY Huang of Lian Tat Company established
I-Ke International Ocean Energy in 2023, and it specializes in the development, execution, construction, and operation of wave power projects
in Taiwan. Last year, upon signing the MoU with Eco Wave Power, it immediately began evaluating wave power generation projects, negotiated
the installation location as well as collected data on 83 to 100 other potential sites in Taiwan, including offshore islands.
About Eco Wave Power Global AB (publ)
Eco Wave Power is a leading onshore wave energy
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 owns and operates a grid connected
wave energy project in Israel, with co-investment from EDF Renewables IL and the Israeli Energy Ministry, which recognized Eco Wave Power’s
technology as “Pioneering Technology.” The Israeli wave energy project marks the first grid-connected wave energy system in
Israel’s history.
Eco Wave Power will soon commence the installation
of its third and fourth wave energy projects, in the Port of Los Angeles, and in Portugal. The Company also holds 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 and was honored with 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
For more information, please contact the Company at:
info@ecowavepower.com
+97235094017
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. For example, the Company is using forward-looking statements in this press release when it discusses the
planned installation of the 100KW pilot project, the terms of the finalized agreement in relation to the pilot project, the belief that
this pilot project will position Taiwan as the hub for later stage expansion into other Asia-Pacific regions, and the belief that the
parties will continue to work towards implementing their goals. 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, 2023 filed with the SEC on March 28, 2024, 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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