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CEO LETTER TO SHAREHOLDERS
CETYCETY(CETY) GlobeNewswire·2025-04-30 16:30

Core Insights - Clean Energy Technologies, Inc. (CETY) is committed to transparency and aims to provide shareholders with a clear understanding of its short-term objectives and long-term strategies [1][2] - The company is focused on adaptability in the clean energy market, aiming to capitalize on opportunities and drive sustainable growth while creating shareholder value [2][4] Company Strategy and Operations - CETY has made strategic moves to tighten operations and focus on areas that align with its strengths, forming partnerships to expand capabilities across multiple applications [4][7] - The Vermont Renewable Gas (VRG) biomass waste to energy project is highlighted as a major milestone, serving as a model for future clean energy infrastructure projects [4][5] - The company has successfully navigated a year-long permitting process for the VRG project, with all necessary permits secured except for the final sign-off from the Public Utility Commission [5] Project Development and Partnerships - CETY is growing its pipeline in heat to power and geothermal sectors, with a 500KprojectsecuredinQ12025[6]−StrategicpartnershipswithMetisPowerandExergypositionCETYasafull−scopeeco−friendlyenergyandmicrogridsolutionsprovider,leadingtomultipleprojectbidsunderconsideration[7][12]−Thecompanycollaborateswithprojectdevelopersandprivateequitypartners,providingcoretechnologyandexecutioncapabilitieswhilepartnersleadonfinancing[12]MarketConditionsandChallenges−Macroeconomicfactors,suchasdecliningnaturalgaspricesandreducedindustrialdemand,areexpectedtolowernear−termrevenuesfromnaturalgasactivities[8]−Tariffsareanticipatedtoaffectthecoststructureofheat−to−powerproducts,promptingCETYtopursueinternationalmanufacturingpartnershipstooptimizeefficiency[9]FinancialHighlights−CETYhassecured500K project secured in Q1 2025 [6] - Strategic partnerships with Metis Power and Exergy position CETY as a full-scope eco-friendly energy and microgrid solutions provider, leading to multiple project bids under consideration [7][12] - The company collaborates with project developers and private equity partners, providing core technology and execution capabilities while partners lead on financing [12] Market Conditions and Challenges - Macroeconomic factors, such as declining natural gas prices and reduced industrial demand, are expected to lower near-term revenues from natural gas activities [8] - Tariffs are anticipated to affect the cost structure of heat-to-power products, prompting CETY to pursue international manufacturing partnerships to optimize efficiency [9] Financial Highlights - CETY has secured 12 million for construction and a $20 million long-term operations and maintenance agreement, serving as a technology provider and O&M partner [10] Future Directions - The company aims to deliver turnkey clean energy solutions, expand across multiple applications, and strengthen strategic partnerships to offer integrated microgrid and energy systems [18] - CETY prioritizes markets where it can lead, such as industrial manufacturing and data centers, leveraging proprietary technologies for reliable and cost-effective clean energy solutions [18]