LOS ANGELES, July 11, 2023 — St. Cloud Capital, LLC, a Los Angeles based private investment firm, is pleased to announce the final closing of its fourth fund, St. Cloud Capital Partners IV SBIC, LP (“Fund IV”) with total capital commitments of $236 million including leverage from the Small Business Administration. Since its inception in 2001, St. Cloud Capital has managed over $700 million in total capital across its four funds.

Fund IV will continue executing the same investment strategy as St. Cloud Capital’s predecessor funds, providing debt and equity growth capital to lower middle market companies in the U.S. St. Cloud typically invests $5 million – $20 million in companies across a wide range of industries in every layer of the capital structure, including senior secured debt, subordinated debt, and minority equity.

Fund IV is St. Cloud’s third SBIC fund. St. Cloud will continue to invest in underserved communities and will strive to make a positive community impact by addressing the wealth gap.

“We appreciate the strong support from our broad group of institutional investors and are grateful for the confidence they have in our team,” stated Kacy Rozelle, co-founder and Managing Partner of St. Cloud.

Ben Hom, Managing Partner of St. Cloud, added, “With the closing of Fund IV, St. Cloud Capital continues to be well positioned as both a capital and strategic partner to strong management teams in the execution of their growth plans. We are a relationship driven firm and strive to be the capital provider of choice for growing successful businesses that fall ‘below the radar’ of larger private equity firms, direct lenders, and the broader capital markets.”

St. Cloud has already made three investments in Fund IV in Sentinel Offender Services, LLC, Clear Sight Partners, LLC, and Atomica Corp.

Hogan Lovells US LLP served as legal counsel for St. Cloud Capital, LLC.

About St. Cloud Capital
St. Cloud Capital is a Los Angeles, CA-based private investment firm that provides debt and equity growth capital to the lower middle market (companies with annual revenues generally between $10 million and $150 million) throughout the United States. St. Cloud typically invests $5 million – $20 million in companies across a wide range of industries in every layer of the capital structure, including senior secured debt, subordinated debt, and minority equity. For more information about St. Cloud Capital, please visit www.stcloudcapital.com

CONTACT US:

10866 Wilshire Blvd., Suite 1450
Los Angeles, CA 90024
Phone: 310.475.2700
Fax: 310.475.0550

www.stcloudcapital.com

Benjamin Hom
Managing Partner
[email protected]

Kacy Rozelle
Managing Partner
[email protected]

Robert Lautz
Managing Partner
[email protected]

Matt Smith
Managing Director
[email protected]

Sheila Emami
Vice President
[email protected]

Chris Collar
Associate
[email protected]

Francisco Flores
Analyst
[email protected]

Cordell Gee
Controller
[email protected]

SOURCE St. Cloud Capital

Based in New Zealand, world-class venture builders will lead operations and business development throughout APAC

NEW YORK, July 11, 2023 — Co-Created, a venture studio that partners with corporate clients to rapidly build and launch new products and businesses, announced today its next phase of strategic expansion with the opening its first office in New Zealand, which will serve the broader APAC region.

The APAC office will be led by venture builders Kostia Shinderman and Alex Veiga, who have extensive experience as founders, corporate executives, investors and advisors. They will partner with corporate clients throughout APAC to identify and explore new opportunities to build and launch innovative solutions.

WIth this latest expansion, Co-Created will now have a presence on five continents as the company continues to grow to meet market demand. The move also reflects the company’s mission to foster vibrant venture ecosystems across industries and borders.

Co-Created’s expansion aligns with positive market conditions in Australia and New Zealand that have helped foster growth, innovation and entrepreneurship throughout the region. Increasingly an attractive destination for startups and corporate innovation, sectors such as food, finance, health and climate are particularly strong in this region, and are scalable internationally.

The APAC region has seen impressive growth in the innovation and investment sectors, fast becoming a global leader in the startup ecosystem. In 2020, the region boasted a total of ten unicorns with a combined value of $34 billion. In 2023 YTD,  the region saw a total of $136 billion in venture capital investment, representing 43% of the total global venture capital investment.

Stacey Seltzer, Founding Partner at Co-Created, commented, “With the meteoric growth of innovation and venture investment across Asia Pacific, we saw a clear opportunity to bring our 10+ years of venture building experience to an exciting new market.  We couldn’t be more excited to support and co-create better futures with bold, innovative corporate partners in the region.”

About Co-Created:

Co-Created is a venture development studio that partners with organizations to identify, explore, build and launch innovative new businesses. Since 2010, Co-Created has partnered with over 70 companies to help bring more than 100 concepts to market.

Contact:

Andrew Green
Mezzanine PR
[email protected]
+1-917-935-8714

SOURCE Co-Created

SAN FRANCISCO, July 11, 2023 –The Delta Dental Community Care Foundation, the philanthropic arm of Delta Dental of California, today announced $16 million in funding to nonprofit organizations through an Access to Care Grants Program intended to increase and safeguard access to quality, affordable oral health care. The program is offered across the 15 states and Washington, D.C. where Delta Dental of California operates. Since 2011, the Community Care Foundation has granted more than $130 million.

The Community Care Foundation funds local community partners to increase access to care, address health disparities, drive health equity and promote innovation in the oral health field. The grants enable its nonprofit partners, which include Federally Qualified Health Centers, to provide vital and beneficial services to those most in need in the communities they serve.

Through these grants, the Community Care Foundation has significantly impacted the lives of many community members, including David Sunday. Sunday, a United States Air Force veteran who is now the outreach coordinator and veteran liaison at The Council on Recovery and vice president of the Party Sober Partnership, received oral health care through a partner, UTHealth Houston School of Dentistry.

“When I first came to UTHealth Houston School of Dentistry, I was five years sober from my 30-year fight with PTSD and had no idea how I was going to begin addressing my significant dental needs,” said Sunday. “The state of my teeth was impacting my recovery – physically, mentally and spiritually. When I looked in the mirror, I couldn’t see anything good about myself. The care I received from UTHealth Houston School of Dentistry has been one of the greatest blessings in my life and has helped me move forward. Dentistry is an untapped resource that everyday people do not always have access to, so being able to see other veterans receive the gift of their health and smile again is an honor.”

“This year’s Access to Care Grants represent the program’s largest annual funding and are focused on three critical areas of need: the oral health crisis among older adults, health equity and rural oral health access,” said Kenzie Ferguson, vice president of foundation and corporate social responsibility for Delta Dental of California. “The important relationships with our partners enable us to achieve our broader mutual goals to help make the communities we serve strong, healthier and more resilient.”

About Delta Dental Community Care Foundation
The Delta Dental Community Care Foundation is the philanthropic arm of Delta Dental of California and its affiliated companies, including Delta Dental Insurance Company, Delta Dental of Pennsylvania and Delta Dental of New York, Inc. Since 2011, the Community Care Foundation has awarded more than $130 million in funding and support to increase access to quality dental care, oral health education and to advance scientific research across the company’s 15-state service area and Washington, D.C. For more information about the Delta Dental Community Care Foundation, please visit https://www1.deltadentalins.com/foundation.html

About Delta Dental of California
Since 1955, Delta Dental of California has offered comprehensive, high-quality oral health care coverage to millions of enrollees and built the strongest network of dental providers in the country. The Delta Dental of California enterprise includes its affiliates Delta Dental Insurance Company, Delta Dental of Pennsylvania, Delta Dental of New York, Inc., as well as the national DeltaCare USA network, and provides dental benefits to more than 44 million people across 15 states and the District of Columbia*. All are members of the Delta Dental Plans Association based in Oak Brook, Illinois, the not-for-profit national association that, through a national network of Delta Dental companies, collectively covers millions of people nationwide. For more information about Delta Dental of California, please visit www.deltadentalins.com 

*Delta Dental of California’s operating areas encompass Alabama, California, Delaware, Florida, Georgia, Louisiana, Maryland, Mississippi, Montana, Nevada, New York, Pennsylvania, Texas, Utah, West Virginia and the District of Columbia.

For more information, contact:
Tom Sarris
Director of Corporate Communications
Delta Dental of California
[email protected]

Caitlin Dong
Senior Corporate Communications Consultant
Delta Dental of California
[email protected]

SOURCE Delta Dental Community Care Foundation

With Second Investment, Financial Finesse Ventures Sets Its Sights on Closing America’s Racial Wealth Gap

EL SEGUNDO, Calif., July 11, 2023 — Financial Finesse Ventures, a first-of-its-kind venture arm devoted to elevating fintech solutions with high social impact, today announced a new investment in OfColor: A bold, minority-owned financial wellness platform that is available to all, but is unapologetically focused on the financial empowerment of employees of color.

Founded in 2022, Financial Finesse Ventures is fully funded by Financial Finesse—the country’s leading independent provider of unbiased workplace financial wellness coaching programs. The venture arm was established to bend the curve of the fintech industry, away from predatory, growth-at-all-costs models, and toward models that are both aligned with the best interests of consumers and able to significantly accelerate their financial security.

“We are beyond excited to partner with OfColor, a company whose mission speaks to my own goal of bringing critically needed financial wellness coaching to as many people as possible,” said Liz Davidson, CEO of Financial Finesse and Financial Finesse Ventures. “OfColor is already making a name for itself as an influential changemaker in the industry. Together we will be able to meaningfully address the soaring rates of financial stress among employees of color, chip away at our country’s chronic racial wealth gap, and transform millions of financial lives.”

Financial Finesse will form a strategic go-to-market partnership with OfColor, with both entities sharing expertise and insight. With this investment, Financial Finesse will bring OfColor to the more than 12,000 employers it currently serves, significantly amplifying its own DE&I efforts and rapidly scaling OfColor’s reach and impact. The partnership links the naturally complementary firms in ways that will propel both forward. In addition to funding, Financial Finesse will consult with OfColor, leveraging its institutional knowledge of the financial wellness market to drive continued innovation, operational efficiencies, and advancements in technology, data, and analytics.

“At OfColor, we see the workplace as one of the frontlines in the battle to close the country’s persistent racial wealth gap, and our role is to create a positive ripple effect that benefits both employees and employers,” said Yemi Rose, Founder and CEO of OfColor. “We have long admired Financial Finesse’s effectiveness in driving life-changing outcomes for employees and value for employers. It is even more impressive that they have been able to achieve all that they have while remaining independent and without bias. As many of our users have been taken advantage of by the financial services industry, a strong ethical foundation was crucial in our choice of partner. We’re thrilled to join the Financial Finesse Ventures portfolio and to leverage their expertise to advance our shared goals.”

Since its founding in 2020, OfColor has significantly grown its client base, attracting a number of Fortune 100 partners, and successfully working to improve the financial health of employees of color via fintech tools, culturally relevant content, and financial coaching and therapy led by BIPOC coaches. OfColor has integrated the best from fintech and behavioral finance into a single platform—helping employers enhance their culture to create more productive and engaged teams, and empowering employees with wealth-building tools to secure a financial legacy.

Financial Finesse Ventures led a diverse syndicate of investors, all focused on double bottom-line investments that drive financial returns and social good in equal measure. Terms of the investment round were not disclosed.

About Financial Finesse Ventures
Financial Finesse Ventures is a first-of-its-kind venture arm devoted to accelerating fintech companies with the potential to transform millions of financial lives. Launched in October 2022, the group was created to change the trajectory of the fintech industry, drive positive social impact, and support companies that both consumers and employers can trust. Unique in venture capital, Financial Finesse Ventures is fully funded by Financial Finesse, the country’s leading independent provider of unbiased workplace financial wellness coaching programs. Through an intensive and selective process, Financial Finesse Ventures will seek early-stage, purpose-driven companies with inspired, pro-consumer models to join its portfolio.

About OfColor
OfColor is a bold minority-owned financial wellness platform that is available to all, but unapologetically focused on the financial empowerment of employees of color. The company works with large enterprises seeking to improve the financial health of this stressed segment of employees, providing fintech tools, culturally relevant content, and financial coaching and therapy with BIPOC coaches. They integrate the best from fintech and behavioral finance into a single platform and leverage the combination to improve employee financial health. Employers save on benefits, get a robust recruitment and retention tool, and get greater program participation and more present employees. Employees get wealth-building tools and culturally relevant financial content that enables them to secure a financial legacy.

Media Contact: 
Maggie Weinberg, Financial Finesse 
[email protected]

SOURCE Financial Finesse

ANN ARBOR, Mich., July 11, 2023 — Renaissance Venture Capital, a fund of funds that supports the growth of venture capital investment in the Midwest, has published its semi-annual “Hotlist,” a listing of top early-stage Michigan startups that are seeking venture capital investment.  The first Hotlist was published by Renaissance in 2018.

“Michigan has become one of the fastest growing states for venture capital, and our Hotlist spotlights some of the state’s most interesting up-and-coming startups, helping venture capitalists from around the country find their next investment here,” said Chris Rizik, CEO and founder of Renaissance Venture Capital.  “This list is part of Renaissance’s work to connect the country’s venture capital community to Michigan’s burgeoning startup community.”

This group of around 50 high potential startups is curated from hundreds of recommendations made by Renaissance local partners of universities, incubators, accelerators, seed funds, angel networks, etc.

The Renaissance Hotlist anticipates the semiannual Renaissance UnDemo Day® event, scheduled for October 10-11, 2023 at Ford Field in Detroit.  UnDemo Day® is a unique event bringing together high-potential startups seeking funding, venture capitalists from around the U.S., and Michigan corporations. The event has received national acclaim for its attraction of venture capital to the state. At each UnDemo Day®, Renaissance curates more than 500 one-on-one meetings between venture capitalists and startups. Dozens of local startups have received venture funding from UnDemo Day® introductions. 

Current Hotlist startups are shown below, and can be found with more detail at https://renvcf.com/hotlist/.

About Renaissance Venture Capital
Renaissance Venture Capital (Renaissance) is a fund of funds that supports the growth of venture capital in Michigan while serving as a bridge between the state’s emerging innovation company community and its strong industrial and commercial base. For more information, visit www.renvcf.com.

MEDIA CONTACT:  Colleen Robar, 313-207-5960, [email protected]

SOURCE Renaissance Venture Capital

The round was led by Sequoia Health Strategies and Dialectic Capital

NEW YORK, July 11, 2023 — Hello Pediatrics, a leading provider of comprehensive, after-hours telehealth services led by a team of board-certified pediatricians has completed a series B round of funding. In addition to $3 million in new capital the company announced Paul Portsmore, CEO of Sequoia Health Strategies will join the board as its new Chairman and Sandy Chung, MD, a prominent, board-certified pediatrician will also join the board. Lastly John Fichthorn, Managing Partner of Dialectic Capital will also join the board in addition to leading the series B round.

Since its founding in 2022 Hello Pediatrics has established itself as an invaluable resource to both families and their pediatricians.  They provide higher quality of care than an urgent care center or an ER visit due to their partnership and collaboration with the child’s primary care pediatrician or family physician.

The investment will support the addition of child and family integrated behavioral health services, expansion into new states and technology enhancements to improve the customer and provider experience.

Dr. Sandy Chung, board member and renowned pediatrician, expressed her excitement about the prospects of Hello Pediatrics and the impact it can have on pediatric healthcare. She stated, “I am thrilled to be on the board of Hello Pediatrics and contribute to their mission of providing comprehensive and accessible healthcare services to children. By integrating behavioral health services into their platform, Hello Pediatrics is taking a significant step towards addressing the holistic needs of young patients and their families. This innovative approach will undoubtedly improve the overall well-being of children and enhance the delivery of pediatric care.”

Furthermore, Dr. Chung spotlighted the importance of Hello Pediatrics’ collaboration with primary care pediatricians and family physicians, emphasizing the company’s commitment to fostering strong relationships within the healthcare ecosystem. “Hello Pediatrics recognizes the crucial role that the medical home plays in a child’s healthcare journey. By working closely with the child’s primary care provider, Hello Pediatrics ensures continuity of care and reinforces the trust between families and their pediatricians. I am honored to be part of a company that values this partnership and seeks to enhance the healthcare experience for all involved.”

As Mr. Portsmore highlighted, “having been in the healthcare space for decades and seeing what Hello Pediatrics provides from a health plan and payor lens, the company not only brings immense value to children, their families and care teams, but addresses the total cost of care by providing timely access and appropriate level of care through its virtual model.” 

The CEO of Hello Pediatrics, Lucy Janoyan, in conjunction with the completion of the series B funding round, conveyed a bullish outlook for the company and its industry, “we are incredibly grateful for the support and confidence shown by Sequoia Health Strategies, Dialectic Capital, and our esteemed investors. This funding will enable us to advance our mission of transforming pediatric healthcare through innovative telehealth solutions. By expanding into new states, we aim to reach more families in need of accessible and high-quality care for their children.”

Mrs. Janoyan further stressed the company’s commitment to technology investment, recognizing its potential to enhance the customer and provider experience. “We understand the importance of leveraging technology to improve healthcare delivery. Our investment in technological advancements will allow us to streamline our platform, enhance communication channels, and optimize the overall user experience for both families and pediatricians. Hello Pediatrics is poised to lead the telehealth revolution in pediatric care, and we are excited about the positive impact we will have on the industry.”

Hello Pediatrics continues to be at the forefront of innovation, driving positive change in the pediatric healthcare industry.

SOURCE Hello Pediatrics

Veteran finance organization leader brings decades of expertise at global software and technology companies to advisory role  

MENLO PARK, Calif., July 11, 2023 — New Enterprise Associates, Inc. (NEA) today announced that veteran finance organization leader Mark Hawkins has joined the firm as a Venture Partner in its Menlo Park office. Hawkins, who most recently served as President and CFO Emeritus of Salesforce, brings more than 35 years of experience in building and leading finance organizations at some of the world’s largest software and technology companies. In this new role, he will work closely with NEA’s leadership team and businesses across the firm’s technology portfolio as they grow and scale their operations.

“Mark is among the most successful and sought-after finance executives in the technology industry, and we are thrilled to welcome him to our team,” said Scott Sandell, CEO, NEA. “There is a great deal of shared history between Mark and NEA, and I’ve seen first-hand the value he can bring in a company’s most pivotal moments. Our firm has been fortunate to convince some of Silicon Valley’s most renowned operating talent to share their expertise with companies across the NEA portfolio, and I could not be more excited to work with Mark in this new capacity.”

As President and Chief Financial Officer of Salesforce from 2014 until 2021, Hawkins led the company’s global finance organization and served on its executive committee. During his tenure, Salesforce’s market capitalization grew from $33 billion to more than $296 billion. Prior to joining Salesforce, Hawkins was Chief Financial Officer and Executive Vice President at Autodesk, where he led the company’s global finance, information technology and procurement organizations. He previously served as Chief Financial Officer and Senior Vice President of Finance & IT at Logitech International, S.A. and was Vice President of Finance at Dell. Earlier in his career, Hawkins spent 18 years at Hewlett-Packard in a variety of executive roles and served on the company’s board of directors in Japan and China.

Hawkins currently serves as a director of Cloudflare, SecureWorks, Toast and Workday, in addition to numerous privately held companies, and is a member of the Advisory Council for GoodLeap. He is a founding member of the U.S. Chapter of the Accounting for Sustainability (A4S) CFO Leadership Network, an initiative established and championed by His Majesty King Charles III, and serves as chair of the A4S Global Advisory Council. Hawkins holds a bachelor’s degree in operations management from Michigan State University and an MBA from the University of Colorado. He also completed the Advanced Management Program at Harvard Business School.

About NEA

New Enterprise Associates, Inc. (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. Founded in 1977, NEA has over $25 billion in assets under management as of March 31, 2023 and invests in technology and healthcare companies at all stages in a company’s lifecycle, from seed stage through IPO. The firm’s long track record of investing includes more than 270 portfolio company IPOs and more than 450 mergers and acquisitions. For more information, please visit www.nea.com.

Contact:      

NEA
Kate Barrett     [email protected]om
Erica Sunkin   [email protected]

SOURCE NEA

In an industry first, the Company says it will invite customer-architects/designers/engineers to participate in a new investment round.

FRISCO, Texas, July 11, 2023 — TwinUp^™, a new real-world, AI-driven metaverse application created by architects for architects, announced today its plans to launch a regulation D capital raise. With TwinUp, a single architect can do the work of an entire firm and build a global brand. Accredited investors interested to learn more may contact the company directly at [email protected].

TwinUp founder and CEO, Michael Jansen, commented that, “TwinUp is the first ever digital Metaverse platform of its kind created by Architects for Architects. We have a goal to scale the business to accommodate over 1 million design professionals in the coming years.

“We recently announced we had raised $3 million from private investors, and a new regulation D round, if successful, will help fuel growth in 2024 and bring a career-changing product to the AEC/Digital Twin software market for the first time in years.”

The company plans to incentivize professional architects, designers, and engineers to invest by offering receive them free licenses (note: minimums apply). Mr. Jansen continued, “Companies funded by their customers grow faster, grow smarter, and grow bigger. Architects, designers, and engineers interested in potentially investing may contact us to learn more about our plans [email protected].

“Architects are already starting to invest directly in TwinUp. It’s safe to say that the market is looking for change from the melange of existing tools and the investors who fund them. It’s time for something new.”

TwinUp, currently in beta, comprises three complementary products: TwinUp Community^™, TwinUp Building^™, and TwinUp World^™.

TwinUp Community is a FREE design portfolio management and sharing platform for architects, interior designers, and engineers. With Twin Up Community, users can

• create your digital design portfolio,
• share your best work, and
• build your own brand and following.

With TwinUp World and TwinUp Building, architects collaborate in a 3D Metaverse powered by AI and made for design professionals to do the work of an entire project team. TwinUp World + TwinUp Building allows users to

• collaborate with colleagues and peers in a shared visual 3D model environment in real-time,
• convert your 3D design models into Digital Twins to iterate design options quickly using data, and
• increase your efficiency by offloading tasks to an AI-powered personal assistant.

The company plans to launch TwinUp initially to architects and designers by invitation only beginning October 1, 2023. Architects and interior designers are encouraged to contact the company [email protected] to learn how to become a TwinUp Community Founding Member.

To learn more about TwinUp, visit our website www.twinup.co and follow us on Instagram, LinkedIn, and Twitter.

About TwinUp

TwinUp is a real-world Metaverse software application custom designed for the architectural community. The platform enables architects to create, manage, optimize, and present their 3D design models and 2D project images in one place.

SOURCE TwinUp

TEL AVIV, Israel, July 11, 2023 — 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, announced today that its landmark EWP-EDF One wave energy power station in the Port of Jaffa, Israel, has received the final grant funding from the Israeli Ministry of Energy, marking the official completion of the project.

The wave energy project, executed in collaboration with EDF Renewables IL, and with co-funding from the Israeli Ministry of Energy, which recognized the Eco Wave Power’s technology as a “Pioneering Technology”, is set to be Israel’s first onshore wave energy power station, officially connected to the national electrical grid.

The EWP-EDF One power station has an installed capacity of 100 KW and is made up of 10 floaters along the Port of Jaffa’s pre-existing breakwater. Each floater connects to Eco Wave Power’s patented energy conversion unit, which is located on land, enabling easy access for operation and maintenance.

“We are grateful for the funding from the Israeli Ministry of Energy, which helped bring a new form of renewable energy to Israel,” said Eco Wave Power’s co-founder and Chief Executive Officer Inna Braverman. “With the power station’s upcoming connection to the energy grid, Israel will finally start exploring the immense power of wave energy – one of the most reliable and consistent sources of renewable energy in the world.”

“Eco Wave Power had the pleasure of working with the Israeli Energy Ministry, led by the Chief Scientist, Mr. Gideon Friedman. The work process was clear and efficient, and we feel that the support of the Energy Ministry really created a significant leap forward for the wave energy industry in Israel,” said Aharon Yehuda, the Company’s Chief Financial Officer.

The next step is to officially connect the EWP-EDF One power station to Israel’s energy grid. The Company is waiting for  the last technical approval from the Israeli Electric Company, and anticipates an official “plugging in” ceremony in the coming months.

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]  
+972 3 5094017

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. For example, the Company is using forward-looking statements in this press release when it discusses that its wave energy project is set to be Israel’s first onshore wave energy power station, officially connected to the national electrical grid and the timing of the connection to the energy grid. 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:

SOURCE EWPG Holding AB (publ)