Eco Wave Power Announces Strategic Partnership with Painhas Engineering and Construction Company for Technical Support of Its' Portugal Project

Publicly traded wave energy developer, Eco Wave Power (EWPG Holding AB, Stock Symbol: ECOWVE), announces today the strategic collaboration with Painhas for the technical support for the licensing of its' Portugal project. Painhas, which was founded in 1980, has more than 40 years of experience in providing engineering and construction, operation and maintenance services for the energy sector in Portugal and other countries (including Production, Distribution and Power Transmission sectors) Painhas will take an integral part in the technical support needed for the official licensing procedures for the Eco Wave Power planned 20MW wave energy project in Portugal, as part of the company's newly signed Concession Agreement with the Port Authority of Leixões, APDL. Once licensing is obtained, the parties will work towards a continued collaboration for the execution of the project.

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