Publicly traded wave energy developer, Eco Wave Power, announces today the signing of an MOU with MSMART Future Technology, as the basis for the development of a 50MW wave energy array in Vietnam.
“We look forward to demonstrating our solution together with MSMART Future technology in Vietnam, which will support Vietnam’s plan to increase its’ renewable energy sources, while reducing GHG emission by 8% by 2030,” says Inna Braverman, CEO of Eco Wave Power.
“The partnership with Eco Wave Power is a compelling fit that accelerates our strategy to expand the MSMART Future Technology’s portfolio towards wave energy. Together with Eco Wave Power we are committed to applying their disruptive technology to bring innovative wave energy into the Vietnamese market,” Says Nguyen Quang Vinh, CEO of MSMART Future Technology.
About EWPG Holding AB
The Eco Wave Power share (ECOWVE) is traded on Nasdaq First North Growth Market.
or more information, please contact:
Inna Braverman, CEO
Andreas Kihlblom, CFO
+46 (0)8 420 026 94
About MSMART Future Technology
Msmart Future Technology Co Ltd is a company specializing in the import and distribution of exclusive production of smart technology products. MSMART Future technology is a subsidiary of Star Team, which is an alliance investment company, formed to optimize the human and financial resources of its member companies as well as a strategic investment consultant for international partners in Vietnam, which develop business in the Vietnam market, as well as international markets, and has partners such as Neste Oil, Walmart and others.
Top image: Eco Wave Power