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Associated Press
21-07-2025
- Business
- Associated Press
Eco Wave Power and C&S Welding Join Forces to Deliver First U.S. Wave Energy Pilot at Port of Los Angeles
Los Angeles, California--(Newsfile Corp. - July 21, 2025) - Eco Wave Power Global AB (publ) (NASDAQ: WAVE), a leader in onshore wave energy technology, is proud to announce that it has signed an agreement with C&S Welding Inc., a premier California-based industrial and maritime contractor, for the installation of its wave energy floaters and the company's energy conversion unit at the Port of Los Angeles. This milestone agreement marks the final step before deployment begins for Eco Wave Power's first-ever onshore wave energy project in the United States. [ This image cannot be displayed. Please visit the source: ] To view an enhanced version of this graphic, please visit: C&S Welding Inc., headquartered in Wilmington, CA, is a certified Small Business Enterprise known for its excellence in welding, fabrication, and marine infrastructure projects. Founded in 2006 by Steve Crichton and now run by his son, Ian Crichton, C&S is a proud family-owned business. With zero lost-time accidents, industry-leading certifications (ASME, API 1104, ABS, L.A. City), and nearly two decades of successful projects in ports and coastal environments, C&S was a natural partner for the execution of this pioneering clean energy deployment. 'We're excited to be part of this historic deployment of wave energy in the U.S.,' said Ian C., President of C&S Welding Inc. 'Eco Wave Power's technology represents real innovation in clean energy, and we're proud to apply our expertise to help bring this project to life at the Port of Los Angeles. It's a great opportunity for local industry to contribute to a more sustainable future.' This announcement follows a series of rapid developments: 'This collaboration with C&S Welding represents the final operational piece of our U.S. rollout puzzle,' said Inna Braverman, CEO of Eco Wave Power. 'With the floaters complete and a trusted local installer now in place, we are full speed ahead toward installation. The future of wave energy in the U.S. is becoming a reality—right here in Los Angeles.' About the Port of Los Angeles Pilot This landmark pilot will demonstrate Eco Wave Power's patented onshore wave energy technology, where floaters are attached to existing marine structures and connected to a land-based conversion unit that transforms wave motion into clean electricity. The system is designed for scalability, low maintenance, and minimal environmental impact-making it ideal for port and coastal infrastructure. About C&S Welding Inc. Founded in 2006 by Steve Crichton, C&S Welding Inc. is a family-owned enterprise specializing in welding, fabrication, structural steel, and marine infrastructure. Based in Wilmington, CA, and serving clients throughout the region and beyond, C&S has become a trusted name in port work, heavy-duty marine applications, and custom fabrication. Their work is backed by ASME, API, ABS, and Los Angeles City certifications, and a spotless safety record. About Eco Wave Power Global AB (publ) Eco Wave Power (NASDAQ: WAVE) is a pioneering onshore wave energy company transforming ocean and sea waves into clean, cost-efficient electricity using its patented and intelligent technology. With a strong commitment to addressing climate change, the company developed and operates Israel's first grid-connected wave energy power station—recognized as a 'Pioneering Technology' by the Israeli Ministry of Energy and co-funded by EDF Renewables IL. Eco Wave Power is actively expanding its global footprint, with upcoming projects planned in the Port of Los Angeles, Portugal, Taiwan, and India—contributing to a growing project pipeline of 404.7 MW. The company has earned support and recognition from leading international organizations, including the European Union Regional Development Fund, Innovate UK, and the Horizon 2020 program, and is a proud recipient of the United Nations Global Climate Action Award. Eco Wave Power's American Depositary Shares are listed on the Nasdaq Capital Market under the symbol 'WAVE.' For more information, please visit Note: Information available on or through the websites mentioned herein does not form part of this press release. For press inquiries, please contact: [email protected] Forward-Looking Statements This press release contains forward-looking statements within the meaning of the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995 and other Federal securities laws. For example, the Company is using forward-looking statements in this press release when it discusses its expectation that the agreement with C&S Welding Inc. is the final step before deployment begins for the Company's first-ever onshore wave energy project in the United States, all floaters being fully assembled in the upcoming week, and the collaboration with C&S Welding Inc. being the final operational piece of the Company's U.S. rollout. Forward-looking statements can be identified by words such as: 'anticipate,' 'intend,' 'plan,' 'goal,' 'seek,' 'believe,' 'project,' 'estimate,' 'expect,' 'strategy,' 'future,' 'likely,' 'may,' 'should,' 'will', or variations of such words, and similar references to future periods. These forward-looking statements and their implications are neither historical facts nor assurances of future performance and are based on the current expectations of the management of Eco Wave Power and are subject to a number of factors, uncertainties and changes in circumstances that are difficult to predict and may be outside of Eco Wave Power's control that could cause actual results to differ materially from those described in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Except as otherwise required by law, Eco Wave Power undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting Eco Wave Power is contained under the heading 'Risk Factors' in Eco Wave Power's Annual Report on Form 20-F for the fiscal year ended December 31, 2024 filed with the SEC on March 3, 2025, which is available on the on the SEC's website, and other documents filed or furnished to the SEC. Any forward-looking statement made in this press release speaks only as of the date hereof. References and links to websites have been provided as a convenience and the information contained on such websites is not incorporated by reference into this press release. To view the source version of this press release, please visit
Reuters
17-07-2025
- Business
- Reuters
Wave energy developer CorPower Ocean secures two more investors
LONDON, July 17 (Reuters) - Sweden-based wave energy technology company CorPower Ocean said on Thursday it had secured two new strategic investors as part of its latest funding round. The investors are an investment arm of Japanese energy utility Tokyo Gas (9531.T), opens new tab and GTT Strategic Ventures, the investment fund of French technology group GTT ( opens new tab. CorPower Ocean said the investment amounts are not made public. The two companies join other investors, including clean tech firms NordicNinja VC, SEB Greentech, InnoEnergy, and investment companies Cisco Investments, Santander Asset Management and Iberis Capital, CorPower Ocean said. CorPower Ocean is developing demonstration-scale wave energy projects in Europe, which are still in the early development stages. "CorPower Ocean has now secured 118 million euros ($137 million) in funding from private and public investors and successfully demonstrated four generations of its unique technology," Patrik Möller, the company's chief executive told Reuters. Around half of that is from public funding and the remainder from equity investors, he added. ($1 = 0.8628 euros)
Globe and Mail
10-07-2025
- Business
- Globe and Mail
Consortium Including Eco Wave Power Secures EUR 2.45 Million Grant to Deploy Scalable Wave Energy Solutions Across Atlantic Region
Stockholm, Sweden--(Newsfile Corp. - July 10, 2025) - Eco Wave Power Global AB (publ) (NASDAQ: WAVE) ("Eco Wave Power" or the "Company"), a leader in onshore wave energy technology, is proud to announce its participation in the Atlantic Wave Energy Sustainable Deployment Initiative (AWESDI) – a newly approved €2.45 million transnational project funded under the Interreg Atlantic Area Programme's Third Call for Proposals. The project, which targets Priority 2.1 of the Atlantic Area Programme, promoting energy efficiency and reducing greenhouse gas emissions, aims to advance the sustainable and scalable deployment of wave energy technologies in Atlantic coastal regions. Illustration of Eco Wave Power's upcoming project in Portugal To view an enhanced version of this graphic, please visit: The Atlantic Area Programme, co-funded by the European Union through the European Regional Development Fund (ERDF), supports transnational cooperation projects that advance sustainable development and regional cohesion in Atlantic coastal regions. The approved projects span key areas such as climate resilience, renewable energy, and blue innovation—reinforcing Eco Wave Power's role at the forefront of the global clean energy transition. The AWESDI project is coordinated by the Centro de Investigación Mariña (CIM) of the University of Vigo and brings together an international consortium of top research institutions, private sector leaders, and government organizations from Portugal, Spain, France, and Ireland. In addition to Eco Wave Power, project partners include: Universidade do Porto (Portugal) Université Le Havre Normandie (France) University College Cork (Ireland) Marine Institute (Ireland) GEPS Techno (France) Groupe Legendre (France) Fundamar (Spain) Pôle Mer Bretagne Atlantique (France) Atlantic Technological University (Ireland) Xunta de Galicia (Spain) As part of its contribution, Eco Wave Power will: Support feasibility studies for onshore and nearshore deployment sites in Portugal; Provide operational insights and performance data from existing wave energy installations; Validate the Sustainable Design Toolkit and inform permitting and deployment planning; and Contribute to the development of the Wave Energy Deployment Roadmap from an industry perspective. "AWESDI is a powerful opportunity to bridge research, policy, and real-world deployment across the Atlantic coastline," said Inna Braverman, Founder and CEO of Eco Wave Power. "By participating in this ambitious collaboration, we will help accelerate the adoption of sustainable wave energy and further demonstrate the environmental and economic potential of our technology." The funding will support technical development, cross-border collaboration, and environmental assessments in cooperation with leading research institutions and port stakeholders. It also aligns with Eco Wave Power's expanding pipeline in Portugal, where the Company is preparing for its first megawatt-scale installation. This milestone adds to Eco Wave Power's growing international recognition. The Company's projects have received support from public funding programs including Horizon 2020, the Israeli Energy Ministry, Innovate UK, and the European Union's Regional Development Fund. Eco Wave Power's patented floaters convert wave motion into clean electricity by attaching to existing marine infrastructure, offering scalable and low-impact power generation for coastal communities. Background on the Atlantic Area Programme's Third Call: During the Monitoring Committee meeting held on July 3, 2025, in Galway, Ireland, the Interreg Atlantic Area 2021–2027 approved 24 cooperation projects for funding under its Third Call for Proposals. These projects were selected from 80 applications and represent a total investment of €55 million, of which 75% is funded by the programme. The selected projects span three core themes: Blue innovation and competitiveness: 6 projects (total value €11.9M) focusing on SME training, algae-based biomass industries, digital integration in aquaculture, and prototyping activities to support startups and upskill a new generation of professionals in the blue economy. Blue and green environment: 13 projects (total value €31.6M), including initiatives to accelerate wave energy deployment, develop floating wind technologies, improve ocean monitoring, and enhance biodiversity, coastal resilience, and port-city integration. Blue sustainable and social tourism and culture: 5 projects (total value €11.6M) aimed at promoting sustainable tourism routes, preserving maritime heritage, and improving coastal tourism management. AWESDI is one of the flagship projects within the blue and green environment theme, directly supporting the deployment of wave energy technologies and contributing to a cleaner, more sustainable Atlantic region. For more information on the Atlantic Area Programme's Third Call, visit: About Eco Wave Power Global AB (publ) Eco Wave Power is a leading onshore wave energy company revolutionizing clean energy with its patented, smart, and cost-efficient technology that converts ocean and sea waves into sustainable electricity. Dedicated to combating climate change, Eco Wave Power operates the first grid-connected wave energy project in Israel, co-funded by EDF Renewables IL and the Israeli Energy Ministry, which recognized the technology as a "Pioneering Technology." Expanding globally, Eco Wave Power is preparing to install projects at the Port of Los Angeles, Taiwan, and Portugal, adding to its impressive project pipeline totalling 404.7 MW. The company has received support from prestigious institutions such as the European Union Regional Development Fund, Innovate UK, and the Horizon 2020 program, and was honoured with the United Nations' Global Climate Action Award. Eco Wave Power's American Depositary Shares (WAVE) are traded on the Nasdaq Capital Market. Learn more at Information on, or accessible through, the websites mentioned above does not form part of this press release. For more information, please contact the company at: info@ Forward-Looking Statements This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995 and other Federal securities laws. For example, the Company is using forward-looking statements in this press release when it discusses helping accelerate the adoption of sustainable wave energy and further demonstrating the environmental and economic potential of the Company's technology and when it discusses the Company's preparation for its first megawatt-scale installation in Portugal. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will", or variations of such words, and similar references to future periods. These forward-looking statements and their implications are neither historical facts nor assurances of future performance and are based on the current expectations of the management of Eco Wave Power and are subject to a number of factors, uncertainties and changes in circumstances that are difficult to predict and may be outside of Eco Wave Power's control that could cause actual results to differ materially from those described in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Except as otherwise required by law, Eco Wave Power undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting Eco Wave Power is contained under the heading "Risk Factors" in Eco Wave Power's Annual Report on Form 20-F for the fiscal year ended December 31, 2024 filed with the SEC on March 3, 2025, which is available on the on the SEC's website, and other documents filed or furnished to the SEC. Any forward-looking statement made in this press release speaks only as of the date hereof. References and links to websites have been provided as a convenience and the information contained on such websites is not incorporated by reference into this press release.
Associated Press
12-06-2025
- Business
- Associated Press
Eco Wave Power Prepares for First-Ever U.S. Installation as LA Wave Energy Project Gains Momentum
Los Angeles, California--(Newsfile Corp. - June 12, 2025) - Eco Wave Power Global AB (publ) (NASDAQ: WAVE), a leading onshore wave energy technology company, is pleased to announce a significant milestone in the development of its first U.S. pilot project, located at the Port of Los Angeles. Amid rapid and meaningful progress, Inna Braverman, Founder and CEO of Eco Wave Power, and Ran Atias, VP of Engineering, conducted a site visit to All-Ways Metal, a woman-owned metal fabrication company based in California and the official manufacturing partner for Eco Wave Power's U.S. pilot. [ This image cannot be displayed. Please visit the source: ] To view an enhanced version of this graphic, please visit: During the visit, the team confirmed the production of three of the Eco Wave Power floaters, which will next enter the painting, and full assembly phase in preparation for installation. Eco Wave Power also confirmed that all floaters for the Port of LA pilot are expected to be completed by the end of June 2025, keeping the project on track and on schedule, with installation intended to take place in July 2025. The visit marks a strong step forward in Eco Wave Power's commitment to local sourcing, high-quality manufacturing, and U.S. job creation. 'Seeing the floaters take shape here in California is incredibly exciting,' said Inna Braverman, CEO of Eco Wave Power. 'This is not just a milestone for our technology—it's a powerful statement about what happens when international innovation meets strong local partnerships. The floaters taking shape here in California are not just steel and bolts-—they're the physical proof that wave energy is moving from concept to reality on American shores.' In parallel to the production site visit, representatives from Eco Wave Power and the Port of Los Angeles held a joint visit to the installation site. There, the parties reviewed the detailed deployment plan and agreed on the final installation strategy, with deployment scheduled to begin in July. This pilot marks the first-ever onshore wave energy installation in the United States and is expected to serve as a proof-of-concept for scalable, cost-effective wave power integration into U.S. ports and coastal infrastructure. Hosted by AltaSea at the Port of Los Angeles, a world-class centre for the Blue Economy, the Eco Wave Power pilot will demonstrate the company's patented technology using floaters attached to pre-existing structures. Motion from the waves will be converted into clean electricity by a land-based conversion unit-offering a disruptive, low-maintenance alternative to offshore systems. The project is backed by Shell's Marine Renewable Program and forms a central part of Eco Wave Power's U.S. market entry strategy. About All-Ways Metal All-Ways Metal is a woman-owned California-based manufacturing company with a strong track record of innovation and excellence in metal fabrication. Known for precision, quality, and sustainability, All-Ways Metal is committed to advancing cleantech solutions and supporting green jobs in the U.S. Their partnership with Eco Wave Power highlights a shared vision for a cleaner, locally powered energy future. About Eco Wave Power Global AB (publ) Eco Wave Power is a leading onshore wave energy company revolutionizing clean energy with its patented, smart, and cost-efficient technology that converts ocean and sea waves into sustainable electricity. Dedicated to combating climate change, Eco Wave Power operates the first grid-connected wave energy project in Israel, co-funded by EDF Renewables IL and the Israeli Energy Ministry, which recognized the technology as a 'Pioneering Technology.' Expanding globally, Eco Wave Power is preparing to install projects at the Port of Los Angeles, Taiwan, and Portugal, adding to its impressive project pipeline totalling 404.7 MW. The company has received support from prestigious institutions such as the European Union Regional Development Fund, Innovate UK, and the Horizon 2020 program, and was honoured with the United Nations' Global Climate Action Award. Eco Wave Power's American Depositary Shares (WAVE) are traded on the Nasdaq Capital Market. Learn more at Information on, or accessible through, the websites mentioned above does not form part of this press release. For more information, please contact the company at: [email protected] Forward-Looking Statements This press release contains forward-looking statements within the meaning of the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995 and other federal securities laws. For example, the Company is using forward-looking statements in this press release when it discusses: the expectation that all of the floaters for the Port of LA pilot are expected to be completed by the end of June; and the expectation that installation will take place in forward-looking statements and their implications are neither historical facts nor assurances of future performance and are based on the current expectations of the management of Eco Wave Power and are subject to a number of factors, uncertainties and changes in circumstances that are difficult to predict and may be outside of Eco Wave Power's control that could cause actual results to differ materially from those described in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Except as otherwise required by law, Eco Wave Power undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting Eco Wave Power is contained under the heading 'Risk Factors' in Eco Wave Power's Annual Report on Form 20-F for the fiscal year ended December 31, 2024, filed with the SEC on March 3, 2025, which is available on the on the SEC's website, , and other documents filed or furnished to the SEC. Any forward-looking statement made in this press release speaks only as of the date hereof. References and links to websites have been provided as a convenience and the information contained on such websites is not incorporated by reference into this press release. To view the source version of this press release, please visit
Associated Press
28-05-2025
- Business
- Associated Press
Eco Wave Power Pays First Installment of Grid Connection Fee for 1MW Project in Porto, Portugal, Marking Major Progress Toward Wave Energy Integration
Porto, Portugal--(Newsfile Corp. - May 28, 2025) - Eco Wave Power Global AB (publ) (NASDAQ: WAVE), a leading onshore wave energy technology company, is pleased to announce a key milestone in the development of its first 1MW wave energy power station in the City of Porto, Portugal. Eco Wave Power has successfully paid the first installment - representing 50% of the grid connection fee - for the planned 1MW station, marking significant progress in the project's implementation. [ This image cannot be displayed. Please visit the source: ] To view an enhanced version of this graphic, please visit: This payment was made to E-REDES, the Portuguese electricity distribution system operator responsible for managing and operating the national distribution grid and ensuring secure and efficient access for producers and consumers alike. Alongside the payment, Eco Wave Power officially communicated its Acceptance of the Connection Conditions for the public grid in relation to the UPP/5089 power plant, under application reference PL 900000079210. This acceptance refers to the connection conditions to the Public Service Electricity Grid (RESP), as communicated by E-REDES in a formal letter dated November 27, 2024. By this communication, Eco Wave Power expressly agrees to all conditions and technical specifications outlined in the E-REDES letter and its accompanying documentation, thereby enabling the continued development and future integration of the project into Portugal's renewable energy ecosystem. Additionally, Eco Wave Power has informed E-REDES of a tentative grid-connection date scheduled for 2026, pending final permitting, construction, and regulatory procedures. This important step underscores Eco Wave Power's commitment to accelerating the deployment of reliable and innovative wave energy solutions in new markets and aligns with Portugal's national objectives to increase the share of renewables in its energy mix. Eco Wave Power's project in Portugal represents a cornerstone of the Company's European growth strategy and marks its first megawatt-scale deployment in the region. Located at the City of Porto this 1MW implementation is the first phase of a 20MW concession agreement signed with APDL (Administração dos Portos do Douro, Leixões e Viana do Castelo, S.A). The project's trajectory accelerated in March 2024, when Eco Wave Power received the final permit (TURH) from APDL, clearing the way for physical works to begin. Demonstrating its commitment, the Company also issued a performance bond, ensuring the project's completion within a two-year timeframe. In August 2024, CEO Inna Braverman and the Company's engineering team officially launched the project with a visit to 'The Gallery', a unique tunnel located beneath the breakwater that will host the wave energy conversion unit. The site is also set to become the world's first underwater wave energy museum and education center, opening its doors to the public in the future. In February 2025, Eco Wave Power began key infrastructure enhancements at 'The Gallery' to prepare it for both equipment installation and eventual public access. These upgrades included removing accumulated sand and debris, reinforcing structural elements by replacing doors and windows, and implementing waterproofing measures to ensure ideal operational conditions. To support efficient execution, Eco Wave Power appointed Juan José Gómez as Power Station Manager, bringing with him a wealth of experience in renewable energy operations. The Company also engaged MOQ Engineering, a leading Portuguese engineering firm, to conduct final design work and load calculations using advanced tools such as Building Information Modeling (BIM) and parametric design. This collaboration reinforces Eco Wave Power's commitment to delivering a safe, effective, and cutting-edge energy solution. Legal guidance is being provided by PLMJ, one of Portugal's leading law firms, with Joana Brandão advising Eco Wave Power since 2020. These local partners ensure a resilient, community-rooted project ecosystem. 'Portugal is not only a global leader in renewable energy—it is now leading the way in wave energy commercialization,' said Inna Braverman, Founder and CEO of Eco Wave Power. 'By securing grid connection for our first 1MW station, we are turning vision into reality. This is more than an infrastructure milestone—it's a signal that wave energy is moving from concept to contribution. Together with our incredible partners in Portugal, we are building a new era of clean, predictable power sourced directly from the ocean.' Strategically situated along the Atlantic coast, Portugal offers some of the highest wave energy potential in Europe, coupled with a forward-looking regulatory framework that actively supports marine renewable innovations. The country has committed to sourcing 85% of its electricity from renewables by 2030 - up from 61% in 2023 - making it a natural partner for Eco Wave Power's patented onshore wave energy technology. About Eco Wave Power Global AB (publ) Eco Wave Power is a leading onshore wave energy company revolutionizing clean energy with patented, smart, and cost-efficient technology that converts ocean and sea waves into sustainable electricity. Committed to fighting climate change, Eco Wave Power operates the world's first grid-connected wave energy system in Israel, co-funded by EDF Renewables IL and the Israeli Energy Ministry, which recognized the technology as 'Pioneering Technology.' The Company is expanding globally with projects planned in Los Angeles, Taiwan, India, and Portugal, adding to a robust pipeline of 404.7 MW. Supported by prestigious organizations such as the European Union Regional Development Fund, Innovate UK, and Horizon 2020, Eco Wave Power was also honored with the United Nations' Global Climate Action Award. Eco Wave Power's American Depositary Shares (WAVE) are traded on the Nasdaq Capital Market. Learn more at Information on or accessible through the websites mentioned above does not form part of this press release. For more information, please contact: [email protected]. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995 and other federal securities laws. For example, the Company is using forward-looking statements in this press release when it discusses: the expectation of the planned the 1MW station's integration into Portugal's renewable energy system; and the expected grid-connection date scheduled for 2026. These forward-looking statements and their implications are neither historical facts nor assurances of future performance and are based on the current expectations of the management of Eco Wave Power and are subject to a number of factors, uncertainties and changes in circumstances that are difficult to predict and may be outside of Eco Wave Power's control that could cause actual results to differ materially from those described in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Except as otherwise required by law, Eco Wave Power undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting Eco Wave Power is contained under the heading 'Risk Factors' in Eco Wave Power's Annual Report on Form 20-F for the fiscal year ended December 31, 2024, filed with the SEC on March 3, 2025, which is available on the on the SEC's website, and other documents filed or furnished to the SEC. Any forward-looking statement made in this press release speaks only as of the date hereof. References and links to websites have been provided as a convenience and the information contained on such websites is not incorporated by reference into this press release. To view the source version of this press release, please visit
