Vancouver, BC, June 13, 2025 (GLOBE NEWSWIRE) — New Wave Holdings Corp. (“New Wave” or the “Company”) (CSE:NWAI, FWB:0XM0, OTCPK:TRMNF) is pleased to announce that it has made a strategic investment of US$150,000 into Cartwheel Robotics Inc. (“Cartwheel Robotics”).
Founded in 2021, Cartwheel Robotics develops and builds advanced robotics products and provides engineering services to businesses looking to solve complex problems. Cartwheel Robotics’ interdisciplinary team has experience working on some of the most sophisticated and disruptive robotics platforms in the world.
Cartwheel Robotics was founded and is led by Scott LaValley, who serves as the company’s Chief Executive Officer and Chief Technology Officer. Mr. LaValley brings extensive experience in robotics engineering and design from prominent companies, including Disney, Google, Boston Dynamics, QinetiQ, and NACIO Systems.
The company is engaged in a broad array of functions within the physical AI and humanoids industry, from prototyping new products using cutting-edge manufacturing techniques to delivering packaged, production-ready designs. By taking a holistic approach to every design challenge, Cartwheel Robotics delivers durable, high-quality products to their customers and partners for use in their specific applications.
New Wave’s investment in Cartwheel Robotics will accelerate the development and commercial deployment of the company’s advanced humanoid products and solutions. These initiatives include key R&D initiatives, as well as executing important go-to-market and commercialization plans.
“We are thrilled to announce our inaugural investment in this sector with Cartwheel, a company driven by an exceptional team. This strategic step underscores our confidence in their vision and our commitment to advancing innovation in this space,” said Joshua Matettore, Chief Executive Officer of New Wave. “Our investment in Cartwheel Robotics represents a bold step into the future of intelligent automation. Cartwheel Robotics is redefining what it means to bring robotics into daily life. Their focus on compact, adaptive humanoids – designed not for factories, but for homes – signals a new era of embodied AI that feels familiar, functional, and human. We see this as the logical evolution of interface: not screens or voices, but presence. We’re investing in Cartwheel because we believe the next great platform isn’t digital – it walks, listens, learns, and lives beside us.”
ABOUT NEW WAVE HOLDINGS CORP.
New Wave Holdings Corp. (CSE:NWAI, FWB:0XM0, OTCPK:TRMNF) is an investment issuer that has been focused on supporting innovative and fast-growing companies within the E-Sports, Artificial Intelligence, Blockchain, and Web3 sectors.
Investors interested in connecting with New Wave Holdings can learn more about the Company by contacting Joshua Matettore, Chief Executive Officer.
For further information please contact: Joshua Matettore, Chief Executive Officer, New Wave Holdings Corp., (604) 602-0001
ON BEHALF OF THE BOARD OF DIRECTORS
Anthony Zelen
Director
The CSE does not accept responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward-Looking Information
This press release includes certain “forward-looking information” within the meaning of applicable Canadian securities legislation. All statements herein, other than statements of historical fact, constitute forward-looking information. Forward-looking information is frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, and similar expressions, or statements that events, conditions, or results “will”, “may”, “could”, or “should” occur or be achieved.
There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to forward-looking statements.
