ConnectM Publishes New Investor Materials
August 22 2024 - 8:30AM
ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) (“ConnectM” or
the “Company”), a technology company focused on the electrification
economy, today published its investor presentation to the Company’s
investor relations website, which can be accessed here. The
Company’s investor presentation has also been filed with the
Securities and Exchange Commission (“SEC”) available at
www.sec.gov.
The investor presentation highlights ConnectM as
an asset light and capital efficient business formed from its
technology platform, the Energy Intelligence Network, which
demonstrates the ability to electrify homes, businesses and
transportation with clean energy to capture its large addressable
market of $2 trillion in the United States residential and
commercial energy expenditure1. Additionally, the AI powered Energy
Intelligence Network streamlines the Company’s business verticals
including all-electric equipment installation, repair and services
and provides automation of distributors and service providers for
maximum customer LTV realization relative to the OEM
partnerships.
About ConnectM Technology Solutions, Inc.
ConnectM is at the forefront of advancing the
electrification economy, integrating electrified energy assets with
its AI-driven technology solutions platform. Serving residential
and light commercial buildings, as well as all-electric original
equipment manufacturers (OEMs), ConnectM’s proprietary platform
accelerates the transition to solar and all-electric heating,
cooling, and transportation. By leveraging technology, data,
artificial intelligence, contemporary design, and behavioral
economics, ConnectM aims to make electrification more
user-friendly, affordable, precise, and socially impactful. The
company’s vertically integrated approach includes wholly-owned
service networks and a comprehensive technology stack, enabling
customers to reduce their reliance on fossil fuels, lower energy
costs, and minimize their carbon footprint. ConnectM is
headquartered in Marlborough, Massachusetts.
For more information, please visit:
https://www.connectm.com/
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act and Section 21E of
the Securities Exchange Act of 1934, as amended (the “Exchange
Act”). We have based these forward-looking statements on our
current expectations and projections about future events. All
statements, other than statements of present or historical fact
included in this press release, regarding our future financial
performance and our strategy, expansion plans, future operations,
future operating results, estimated revenues, losses, projected
costs, prospects, plans and objectives of management are
forward-looking statements. In some cases, you can identify
forward-looking statements by terminology such as “may,” “should,”
“could,” “would,” “expect,” “plan,” “anticipate,” “intend,”
“believe,” “estimate,” “continue,” “project” or the negative of
such terms or other similar expressions. These forward-looking
statements are subject to known and unknown risks, uncertainties
and assumptions about us that may cause our actual results, levels
of activity, performance or achievements to be materially different
from any future results, levels of activity, performance or
achievements expressed or implied by such forward-looking
statements. Except as otherwise required by applicable law, we
disclaim any duty to update any forward-looking statements, all of
which are expressly qualified by the statements in this section, to
reflect events or circumstances after the date of this press
release. We caution you that the forward-looking statements
contained herein are subject to numerous risks and uncertainties,
most of which are difficult to predict and many of which are beyond
our control.
In addition, we caution you that the forward-looking statements
regarding the Company contained in this press release are subject
to the following risk factors:
- the Company operates in the
early-stage market of decarbonization, electrification, and energy
efficiency (“DE2”) adoption, has a history of losses and expects to
incur significant ongoing expenses;
- the Company’s management has no
experience in operating a public company;
- the Company has identified material
weaknesses in its internal control over financial reporting and if
it is unable to remediate these material weaknesses, or if the
Company identifies additional material weaknesses in the future or
otherwise fails to maintain an effective internal control over
financial reporting, this may result in material misstatements of
the Company’s consolidated financial statements or cause the
Company to fail to meet its periodic reporting obligations;
- the Company’s growth strategy
depends on the widespread adoption of DE2 Services;
- if the Company cannot compete
successfully against other DE2 Service Providers, it may not be
successful in developing its operations and its business may
suffer;
- with respect to providing
electricity on a price-competitive basis, solar systems face
competition from traditional regulated electric utilities, from
less-regulated third party energy service providers and from new
renewable energy companies;
- the Company’s market is
characterized by rapid technological change, which requires it to
continue to develop new products and product innovations. Any
delays in such development could adversely affect market adoption
of its products and its financial results;
- developments in alternative
technologies may materially adversely affect demand for the
Company’s offerings; and
- the possibility that we may be
adversely affected by other economic, business or competitive
factors and may not be able to manage other risks and uncertainties
set forth in section entitled “Risk Factors,” in our filings with
the SEC from time to time.
We caution you that the foregoing list does not contain all of
the risks or uncertainties that could affect the Company.
Contact:
MZ North America
(203) 741-8811
ConnectM@mzgroup.us
1Source: EIA.gov and U.S. Census
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