Eco Wave Power Global AB (publ) will unveil its disruptive technology for the first time during an AltaSea Event on the 12th of January 2023. The press conference will also feature the grand opening and ribbon-cutting of an office and commercial loan hub of Beneficial State Bank The AltaSea pilot project marks the official arrival of Eco Wave Power's technology to the United States, and it is believed to be the first-ever on-shore wave energy technology that will be deployed in the United States. Just last year, Eco Wave Power entered into an agreement with AltaSea to implement a first of its kind wave energy pilot at AltaSea's premises at the Port of Los Angeles.

In just over a year, Eco Wave Power has successfully modified, upgraded, and transported the conversion unit to Los Angeles. The project's timeline showcases another benefit of Eco Wave Power's patented technology - its ability to be easily transported and replicated to fit the energy needs of a country's coastline.