Clean Energy Technologies, Inc. (“CETY”) (Nasdaq: CETY), a clean
energy manufacturing and services company offering eco-friendly
green energy solutions, clean energy fuels, and alternative
electric power for small and mid-size projects in North America,
Europe, and Asia, is pleased to announce the signing of a pivotal
service agreement with Green Energy Ventures LTDA (“GEV”), a
specialized consultancy firm in the renewable energy sector in
Brazil. This partnership marks a significant step in CETY’s
strategic expansion into the Brazilian market, positioning the
company to capitalize on the growing demand for sustainable energy
solutions in the region.
Under the terms of the agreement, GEV will act
as CETY’s exclusive authorized distributor and commercial agent
within Brazil, responsible for market assessment, business
development, and the coordination of product installations. With
this partnership, CETY is poised to tap into Brazil’s expanding
market for energy efficiency and waste heat to power applications.
GEV’s local presence and expertise will be key in securing
contracts with major industrial players seeking to enhance their
energy efficiency and reduce operational costs through CETY’s
cutting-edge technology.
“We are excited to partner with Green Energy
Ventures as we expand our waste heat to power footprint in Brazil,”
said Kam Mahdi, CEO of Clean Energy Technologies, Inc. “Their
knowledge and experience in the region’s energy sector are
invaluable assets that will help us navigate the complexities of
the Brazilian market and bring our innovative solutions to a new
audience. We anticipate that this collaboration will unlock
substantial sales opportunities, driving growth for both our
companies while advancing sustainable energy practices in one of
the world’s most dynamic markets.”
As part of the agreement, GEV will also provide
comprehensive technical support, including logistics, importation,
regulatory compliance, and training of local personnel. This
holistic approach ensures that CETY’s products are not only
introduced to the market but are also supported by the necessary
infrastructure to maximize their impact and longevity. The
collaboration is expected to accelerate the adoption of CETY’s
energy efficiency solutions across various sectors, leading to new
sales contracts for waste heat to power solutions.
This partnership is a significant milestone in
CETY’s global growth strategy, reflecting the company’s dedication
to expanding its presence in key markets and driving the adoption
of energy-efficient technologies across the globe. The anticipated
sales growth in Brazil underscores the increasing demand for
sustainable energy solutions and CETY’s ability to meet that demand
with innovative, high-performance products.
About Clean Energy Technologies, Inc.
(CETY)
Headquartered in Irvine, California, Clean
Energy Technologies, Inc. (CETY) is a rising leader in the
zero-emission revolution by offering eco-friendly green 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 CycleTM generator to create
electricity. Waste to Energy Solutions convert waste products
created in manufacturing, agriculture, wastewater treatment plants
and other industries to electricity and BioChar. Engineering,
Consulting and Project Management Solutions provide expertise and
experience in developing clean energy projects for municipal and
industrial customers and Engineering, Procurement and Construction
(EPC) companies.
CETY's common stock is currently traded on the
Nasdaq Capital Market under the symbol CETY. For more information,
visit www.cetyinc.com.
For video examples please visit CETY’s YouTube
channel: https://www.youtube.com/@CleanEnergyTechnologiesInc.
Follow CETY on our social media channels: Twitter | LinkedIn |
Facebook
This summary should be read in conjunction with
the Company’s quarterly report on Form 10-Q for the quarterly
period ended March 31, 2024 and other periodic filings made
pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934, as amended, which contain, among other matters, risk factors
and financial footnotes as well as a discussions of our business,
operations and financial matters located on the website of the
Securities and Exchange Commission at www.sec.gov.
About Green Energy Ventures
LTDA
Green Energy Ventures LTDA is a dynamic Business
Development and Innovation Consultancy and Holding Company,
specializing in Renewables, Gas & Power, and Sustainability
within the Brazilian energy market. GEV’s mission is to drive the
transition to a low-carbon economy by developing cutting-edge
opportunities and providing expert advisory services. With
strategic partnerships in renewable energy, gas & power
trading, and biogas, GEV is at the forefront of Brazil’s energy
revolution. GEV’s Business Development and Services division excels
in energy efficiency, go-to-market strategies, financial
structuring, governance, and regulatory compliance. GEV empowers
businesses to navigate the complex energy landscape in Brazil and
beyond, ensuring sustainable growth and success.
Safe Harbor Statement
This news release may include forward-looking
statements within the meaning of section 27A of the United States
Securities Act of 1933, as amended, and Section 21E of the United
States Securities and Exchange Act of 1934, as amended, with
respect to achieving corporate objectives, developing additional
project interests, the Company's analysis of opportunities in the
acquisition and development of various project interests and
certain other matters. These statements are made under the "Safe
Harbor" provisions of the United States Private Securities
Litigation Reform Act of 1995 and involve risks and uncertainties
which could cause actual results to differ materially from those in
the forward-looking statements contained herein. Forward-looking
statements are neither historical facts nor assurances of future
performance. Instead, they are based only on the Company's current
beliefs, expectations and assumptions regarding the future of
CETY’s business, future plans and strategies, projections,
anticipated events and trends, the economy and other future
conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and many of
which are outside of the Company's control. Therefore, you should
not rely on any of these forward-looking statements.
Forward-looking statements can be identified by words such as:
"anticipate," "plan," "expect," "estimate," "strategy," "future,"
"likely," "may," "should," "will" and similar references to future
periods. Any forward-looking statement made by the Company in this
press release is based only on information currently available to
us and speaks only as of the date on which it is made. The Company
undertakes no obligation to publicly update any forward-looking
statement, whether written or oral, that may be made from time to
time, whether as a result of new information, future developments
or otherwise.
Clean Energy Technologies, Inc. Investor and Investment Media
inquiries:949-273-4990ir@cetyinc.com Source: Clean Energy
Technologies, Inc.
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