Clean Energy Technologies, Inc. (“CETY” or the “Company”) (Nasdaq:
CETY) CEO Kam Mahdi joined a California delegation to Riga, Latvia,
which was led by Treasurer Fiona Ma, Senator Josh Newman, and
former Senator Robert Hertzberg. The purpose was to meet with
Latvian government and business leaders to discuss business
investment, economic and technological collaboration, and
development opportunities in key Baltic growth sectors. With nearly
12,000, California is home to more Latvian Americans than any other
US state.
Latvia has become a major logistics hub for
economic and technological expansion that is projected to have a
broadly transformative impact for growth across Europe, as the
demands and opportunities of globalization make the strategically
situated country a natural hub for such advancement.
The delegation visit, included a focus on major
infrastructure projects such as the new Riga airport and new rail
system to connect the Baltic region with other Europe destinations.
Delegation meetings were headed by Latvia Prime Minister Evika
Silina, EU Commission Executive Vice President and former Latvia
Prime Minister Valdis Dombrovskis, Minister of Foreign Affairs
Baiba Braže, Minister of Economics Viktors Valainis, Interim
Director General at Investment and Development Agency of Latvia
Raivis Bremsmits, Deputy State Secretary and Ministry of Transport
Kristine Malnaca, Vice Chairperson of RB Rail AS Arnis Kakulis,
Honorary Latvian Consul General Dr. Juris Bunkis, Managing Director
of Riga Investment and Tourism Agency Fredis Bikovs, and other
members of the ministries’ leadership teams.
The visit began with an official meeting and
opening comments from Latvian Prime Minister Evika Siliņa, former
Prime Minister of Latvia and current EU Executive Vice President
Valdis Dombrovskis, California Treasurer Fiona Ma, US Ambassador to
Latvia Christopher Robinson, and California State Senator Josh
Newman. All hailed the critical importance of the Latvia-California
connection in areas that would create synergies and leverage
opportunity for cooperation between enterprises from California,
currently a in the top five of world economies and leading
ecosystem for technology innovation and funding, and Latvia, a
focal point of new technology, clean and alternative energy, and
smart transportation, with innovations that are advancing progress
across the entire Baltic region.
CETY CEO Kam Mahdi spoke as part of the Ministry
of Foreign Affairs Forum on Sustainable Energy Technologies and
Innovations, which included Senator Robert Hertzberg, Ilmars
Osmanis, Founder and CEO of Lighspace, Liene Briede, Vice Rector
for Innovations at Riga Technical University, and Andris Berzins,
Managing Partner at Change Ventures.
Mr. Mahdi presented his publicly traded
company’s strategy of growth as a clean energy solutions provider
in the Baltic region and other key venues in Europe, North America,
and Asia markets. CETY’s successful 6-year partnership in Latvia
with Eko Nams, a Latvian log home builder that uses CETY’s
equipment to turn waste wood chips from their manufacturing process
into clean energy, was launched in 2018. This CETY process, which
uses two boilers and two of CETY’s proprietary organic Rankine
cycle heat recovery systems, saved Eko Nams transportation cost and
time of hauling waste wood off-site and provided the company a
clean, immediate source of energy, providing an example of what is
possible.
“With this experience, I can say that we have
found working in Latvia to offer an excellent opportunity for
growth and partnerships,” said Mahdi. “The available tech talent,
innovation mindset, and support of government for finding solutions
to energy and other challenges have all been major benefits.”
Watch the Eko Nams video here:
https://www.youtube.com/watch?v=RE5uhLVWLNw
Visiting Latvia for the first time after having
forged strong connections with the Latvian community in California,
Treasurer Fiona Ma applauded the common themes Latvia shares with
California and looked forward to the upcoming California visit of
the Latvian Presidential delegation for continued progress.
“Latvia is a small but mighty country of
dreamers and doers like California. We had great meetings with
smart and competent leaders and look forward to welcoming the
delegation to California in September to spur economic development
and further bilateral relations.”
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.
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.
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.
Clean Energy Technologies (NASDAQ:CETY)
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