Eco Wave PowerGlobal AB (publ) announced that a collaboration agreement was signed with Lesico Ltd. ("Lesico") for the production of 8 floaters for the EWP EDF One project in Israel, through its subsidiary EDF EWP One Ltd. EWP EDF One project, which is co-funded by the Israeli Ministry of Energy, will include the construction and installation of ten floaters on 30 linear meters of a pre-existing breakwater within the port of Jaffa, Israel, with an installed capacity of 100 kW. So far, Eco Wave Power has finalized the breakwater's reinforcement works, the assembly and installation of the energy conversion unit and the production of two sample floater mechanisms in Ukraine. Now, following the newly entered collaboration agreement, Lesico will take an integral part in the EWP EDF One project, by providing the 8 remaining floater mechanisms within 51 working days.

Once all units are provided and installed, the parties will review the possibility of using Lesico for additional projects planned by Eco Wave Power.