Clean Energy Technologies, Inc. (Nasdaq CETY) (the “Company”), a
clean energy manufacturing and services company, offering
recyclable energy solutions, clean energy fuels, and alternative
electric power for small and mid-sized projects in North America,
Europe, and Asia today announced that it entered into a Master
Service Agreement with RPG Energy Group for development of onsite
applications which utilize technologies to create electricity,
applicable hydrogen production, and promote decarbonization. CETY
will support RPG Energy’s Fortune 500 customer with locations in
Europe, the Middle East, Asia, the U.S., and Mexico. The initial
sites are in Germany, the Czech Republic, Poland, the UK, and the
U.S., specifically in the states of Tennessee, Ohio, Iowa, Kansas,
Michigan, and Mississippi.
CETY and RPG Energy have been conducting global
site assessments over the last 12 months to collect and analyze
data in order to identify energy efficiencies and improvements. The
application will integrate CETY’s services and solutions into the
microgrid at these sites, allowing for functions such as demand
shave generation, onsite generation (genset), Energy Storage,
Waste-Heat-Recovery to Power (ORC), Solar PV, Hydrogen Fuel Cell,
and Waste to Hydrogen.
Jami Krynski, RPG’s CEO said, “Our industrial
customer base has been devastated by the rising tide of utility
charges along with the loss of control on how much margin fade is
the result of energy destabilization worldwide. CETY is a great fit
to work along side our team as we reimagine power generation and
supply which are fundamental to our society and marketplace. As
global energy markets destabilize with unprecedented cost increases
our collective services are saving factories and jobs.”
Kam Mahdi, CETY’s CEO said, “This partnership is
expected to open a host of opportunities to work with two excellent
companies and showcase CETY’s knowledge and technology on a global
scale. We are excited to begin our work with RPG Energy. This
partnership is a reflection of our expanded business plan that
involves manufacturing of component parts, engineering, and project
service management services to municipals and industrial
companies.”
About Clean Energy Technologies, Inc.
(CETY)
Headquartered in Costa Mesa, California,
Clean Energy Technologies (CETY) plans to become a leader in the
zero-emission revolution by offering recyclable energy solutions,
clean energy fuels and alternative electric power for small and
mid-sized projects in North America, Europe, and Asia. We deliver
power from heat and biomass with zero emission and low cost. The
Company's principal products are Waste Heat Recovery Solutions
using our patented Clean Cycle TM generator to create electricity.
Waste to Energy Solutions converting waste products created in
manufacturing, agriculture, wastewater treatment plants and other
industries to electricity and BioChar. Engineering, Consulting and
Project Management Solutions providing expertise and experience in
developing clean energy projects for municipal and industrial
customers and Engineering, Procurement and Construction (EPC)
companies. Our NG trading operations in China is to source and
supply Natural Gas to industries and municipalities located in
China.
CETY's common stock is currently traded on the
Nasdaq Capital Market under the symbol CETY. For more information,
visit www.cetyinc.com or www.heatrecoverysolutions.com.
About RPG Energy
Group, Inc.
RPG Energy Group is a renewable energy company
that offers a full turn-key solution from schematic design and
engineering through final construction and system monitoring within
the renewable energy markets. The company and its affiliates work
with clients to educate them on how they can efficiently reduce
their electricity spend through clean distributed generation
technologies, thereby affording them less vulnerability to energy
interruption while providing an improved cost of energy.
RPG’s overall process is an extensive and
comprehensive approach, from identification through implementation
and maintenance, which ensures projects are complete to the highest
quality while providing full transparency to clients. The
management team comes from a diverse and experienced background of
nearly 50 years combined within the renewables and construction
industries.
Safe Harbor Statement
This press release contains statements that may
constitute “forward-looking statements” as defined by the Private
Securities Litigation Reform Act of 1995. In addition, from time to
time, we or our representatives may make forward-looking statements
orally or in writing. We base these forward-looking statements on
our expectations and projections about future events, which we
derive from the information currently available to us. Such
forward-looking statements relate to future events or our future
performance, including: our financial performance and projections;
our growth in revenue and earnings; and our business prospects and
opportunities. You can identify forward-looking statements by those
statements that are not historical in nature, particularly those
that use terminology such as “may,” “should,” “expects,”
“anticipates,” “contemplates,” “estimates,” “believes,” “plans,”
“projected,” “predicts,” “potential,” or “hopes” or the negative of
these or similar terms. In evaluating these forward-looking
statements, you should consider various factors, including: our
ability to change the direction of the Company; our ability to keep
pace with new technology and changing market needs; and the
competitive environment of our business. These and other factors
may cause our actual results to differ materially from any
forward-looking statement. Forward-looking statements involve
inherent risks and uncertainties. The forward-looking events
discussed in this press release and other statements made from time
to time by us or our representatives, may not occur, and actual
events and results may differ materially and are subject to risks,
uncertainties, and assumptions about us. Further information
regarding these and other risks is included in the Company’s
filings with the SEC. All information provided in this press
release is as of the date of this press release. We are not
obligated to publicly update or revise any forward-looking
statement, except as required under applicable law, whether as a
result of uncertainties and assumptions, the forward-looking events
discussed in this press release and other statements made from time
to time by us or our representatives might not occur.
SOURCE Clean Energy Technologies, Inc.
Investor Relations Contact :
ir@cetyinc.com
Contact: Clean Energy Technologies, Inc. 2990
Redhill Avenue Costa Mesa, CA 92626 949.273.4990 main 949.273.4990
fax www.cetyinc.com
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