Clean Energy Technologies Signs MOU with International Private Equity Fund
April 18 2024 - 9:29AM
Clean Energy Technologies, Inc. (Nasdaq: CETY)
(“CETY” or the “Company”), a clean energy manufacturing and
services company, 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 announces
that it has signed an Memorandum of Understanding with Asia
Management Energy Capital Partners Pte. Ltd. (AMEC), an
international private equity fund specializing in areas of
alternative and renewable energy and climate technologies.
AMEC agrees, subject to final approval, to
facilitate financing and investment into CETY as its growth capital
to develop the waste to energy project in Vermont under Vermont
Renewable Gas (VRG), as well as provide growth capital to expand
into California and the Association of Southeast Asian Nations
(ASEAN) clean energy markets.
AMEC is working with its strategic investment
partners in the U.S. to complete the due diligence process and
ascertaining the investment terms for up to $12,000,000.00 in
tranche funding for VRG. As part of the investment condition, CETY
will be required bring its technology, engineering, procurement and
construction expertise into the ASEAN markets with the AMEC as its
strategy and capital partner.
About Clean Energy Technologies, Inc.
(CETY)
Headquartered in Costa Mesa, California,
Clean Energy Technologies (CETY) is a rising 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.
For more information, visit www.cetyinc.com.
Follow CETY on our social media channels: Twitter | LinkedIn |
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This summary should be read in conjunction with
the Company’s 10-Q for the fiscal quarter ended June 30, 2023 which
contains, 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.
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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