Eco Wave Power and CIMC OEI Enter into MOU for the Development and Commercialization of the Eco Wave Power’s Technology in The People’s Republic of China
Stockholm, Sweden, October 11, 2021 – Eco Wave Power Global AB (publ) (Nasdaq: WAVE, Nasdaq First North: ECOWVE) (“Eco Wave Power”) is pleased to announce the signing of a Memorandum of Understanding (MOU) with CIMC Offshore Engineering Institute Co., Ltd., otherwise known as CIMC OEI.+-------------------------------+| |+-------------------------------+| Yantai CIMC Raffles’ Shipyard |+-------------------------------+
According to the terms of the MOU, the parties would work towards the promotion of a pilot plant in China based on Eco Wave Power’s