ConnectM Eliminates an Additional
$1.9 Million of Debt
Marlborough, MA -- February 27,
2025 -- InvestorsHub NewsWire -- ConnectM Technology
Solutions, Inc. (Nasdaq:
CNTM) ("ConnectM" or the "Company"), a high-growth technology
company on the leading edge of the electrification economy, today
announced that the Company has retired an additional $1.9 million
of debt.
About ConnectM Technology
Solutions, Inc.
ConnectM is a technology company focused on advancing the
electrification economy by integrating electrified energy assets
with its AI-powered technology solutions platform. The Company
provides residential and light commercial buildings and
all-electric original equipment manufacturers with a proprietary
Energy Intelligence Network platform to accelerate the transition
to all-electric heating, cooling, and transportation. Leveraging
technology, data, artificial intelligence, contemporary design, and
behavioral economics, ConnectM aims to make electrification more
user-friendly, affordable, precise, and socially impactful. As a
vertically integrated company with wholly owned service networks
and a comprehensive technology stack, ConnectM empowers customers
to reduce their reliance on fossil fuels, lower overall energy
costs, and minimize their carbon footprint.
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 risks and uncertainties
described in the "Cautionary Note Regarding Forward-Looking
Statements" section of the Current Report on Form 8-K filed with
the Securities and Exchange Commission on July 18, 2024. Such
filing identifies and addresses other important risks and
uncertainties that could cause actual events and results to differ
materially from those contained in the forward-looking statements.
Forward-looking statements speak only as of the date they are made.
Readers are cautioned not to put undue reliance on forward-looking
statements, and ConnectM is under no obligation to update or revise
these forward-looking statements, whether as a result of new
information, future events, or otherwise.
Contact:
Investor Relations
Dave Gentry, CEO
RedChip Companies, Inc.
1-407-644-4256
CNTM@redchip.com