Update highlights
CarbonMeta Research, Carbon Source and the
CarbonMetaverse™
WOODINVILLE, WA -- March 22,
2022 -- InvestorsHub NewsWire -- CarbonMeta
Technologies Inc. (OTC PINK:COWI) today provides the following
shareholder letter from Company CEO and Chairman Lloyd Spencer.
To our valued Shareholders:
As chairman and CEO of CarbonMeta Technologies, I first want to
thank you for your continued patience and support. The following
update addresses many questions that we have received from current
and prospective customers about our progress and plans; we trust
that our shareholders will continue to give valuable feedback to
our Investor Relations team.
Plastic Waste to Hydrogen & High-value
Carbon
Over the last four months, CarbonMeta Research Ltd. (CMR) began
its research and development (R&D) investigations in earnest.
CMR's R&D team completed a Phase One project plan to prototype
the microwave catalysis of waste plastics using a combination of
plastics and catalysts to optimize the yield of hydrogen and carbon
nanotubes. As well, the sales team has responded to customer
inquiries and recently issued a statement of work proposal that is
pending response.
Plastic Waste to 3D Printer Filament
During the past three months, Carbon Source Inc. has been
conducting R&D investigations for the production of upcycled 3D
printing filaments made from post-consumer waste plastics,
including Polyethylene Terephthalate (PET/PETE/PETG) and Poly
Lactic Acid (PLA). In March, Carbon Source announced the beta
availability of its Upcycle PLA™ 3D printing filament made from
100% post-consumer waste plastics, and recently received orders
that the Company will ship in April. In addition, Carbon Source is
developing partnerships with waste plastics suppliers that will
provide the Company with the waste plastics needed to grow its
business.
Paving the way for CO2 Capture
In December 2021, CarbonMeta Technologies signed a trade secret
licensing agreement with EcoMena Limited to develop environmentally
friendly construction materials and products that capture carbon
dioxide during the manufacturing process. Over the past three
months, CarbonMeta has been in discussions with Saudi Investment
Recycling Company (SIRC) in Saudi Arabia and with construction
contractors in the United States and United Kingdom for the
development of cementless pavers. CarbonMeta is in the process of
conducting trials in both the United States and United Kingdom and
will release the results of those trials in Q2 2022.
Blockchain and the CarbonMetaverse
The CarbonMetaverse is a virtual marketplace for buying and
selling blockchain tokens and non-fungible tokens that can be used
for smart contracts that track the purchase and sale of
carbon-based materials, including but not limited to carbon
dioxide, organic wastes and plastic waste. In April, CarbonMeta
Technologies will announce its blockchain roadmap and
CarbonMetaverse plans for the coming year.
In January 2022, CarbonMeta Technologies joined the Government
Blockchain Association (GBA) to help develop and promote blockchain
solutions to solve public sector challenges around the world -
including the use of blockchain-enabled "smart contracts" that can
help accelerate the recovery of waste plastics. At GBA's Blockchain
& Sustainable Economic Growth Conference in Washington, D.C.,
on May 25-27, Mr. Spencer will host a panel discussion on the use
of blockchain technologies for improving environmental
sustainability.
In Closing
On behalf of CarbonMeta's employees and management team, we
believe that we have the talent, expertise and approach necessary
to grow our business successfully. In that vein, we would again
like to thank our shareholders for the continued support. We look
forward to further reporting our progress as we continue to execute
on our plans.
Lloyd Spencer
Chairman and CEO
About CarbonMeta Technologies Inc.
CarbonMeta Technologies (OTC PINK:COWI) is a resource reclamation
company that will process organic wastes and generate economically
sustainable hydrogen and high-value carbon products. CarbonMeta's
business will include plastic and construction waste upcycling to
help address the world's pollution and climate crises. The company
is based in Woodinville, Washington, and has several subsidiaries,
each with its own focus on high-value solutions for environmental
sustainability.
For more information about CarbonMeta Technologies and its
subsidiaries, please visit www.CarbonMetaTech.com.
Forward-Looking Statement
This press release may contain certain forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. The ability of the Company to complete and
file its Fiscal Year 2016 annual report on Form 10K relies on third
parties to complete their activities. Investors are cautioned that
such forward-looking statements involve risks and uncertainties,
which include among others, the inherent uncertainties associated
with smaller reporting companies, including without limitation,
other risks detailed from time to time in the Company's periodic
reports filed with the Securities and Exchange Commission.
CONTACT INFORMATION
Mark Duiker
CarbonMeta Technologies Investor Relations
(844) 698-3777, option 3
Investor@CarbonMetaTech.com
SOURCE: CarbonMeta Technologies, Inc.
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