Press Release – Espoo, Finland, April 10th 2019 – Wello, the market leader in wave-energy conversion technology, has recently signed a Letter of Intent with Ixin Group (http://www.ixin.in). In collaboration with the Indian government, Ixin is interested in acquiring Wello’s Penguin Core package for the construction of a 20MW and 10MW wave energy parks. They would be deployed on the West coast near Mumbai, and East coast of India.