Strong Financial Foundation
Ended the period with $7.94 million in cash and short-term bank deposits, providing a strong foundation to fund ongoing projects and future growth.
Strategic Global Expansion
Expansion in multiple regions including the U.S., Portugal, Asia, and Africa with strategic partnerships and pilot projects demonstrating global growth.
Successful Project Execution
In the U.S., completed installation of floaters and energy conversion unit at Port of L.A. just 6 months after receiving the final license.
Innovative Commercialization Strategy
Advancing a megawatt-scale project in Portugal with 90% wave availability, demonstrating wave energy's potential as a stable renewable source.
Leadership Strengthened
Appointment of Hilary Ackermann to the Board of Directors, bringing valuable expertise in energy and finance.