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CETY CEO KAM MAHDI ADDRESSES GOVERNMENT AND BUSINESS LEADERS AT FORUM FOR LATVIA PRESIDENT EDGARS RINKĒVIČS’ ECONOMIC DELEGATION TO CALIFORNIA

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Clean Energy Technologies, Inc. (CETY) participated in Latvia's economic delegation visit to the US from September 17 to 23, 2024. CEO Kam Mahdi presented at a program on California Technology Research and Investment, discussing CETY's growth as a comprehensive clean energy solutions company with expanding global operations.

The delegation, led by Latvia's President Edgars Rinkēvičs, visited San Francisco and Silicon Valley, engaging with California government leaders, technology companies, and investors. The visit aimed to explore economic cooperation opportunities for Latvian enterprises in the United States, particularly in California's business and technology ecosystem.

Mahdi highlighted CETY's evolution from its initial focus on waste heat recovery to becoming a comprehensive energy solutions provider. The company has been involved in a waste heat to energy project in Latvia since 2018 and is in discussions with other Latvian companies for potential collaborations.

Clean Energy Technologies, Inc. (CETY) ha partecipato alla visita della delegazione economica lettone negli Stati Uniti dal 17 al 23 settembre 2024. Il CEO Kam Mahdi ha presentato un programma sulla Ricerca e Investimenti tecnologici in California, discutendo della crescita di CETY come azienda di soluzioni energetiche pulite con operazioni globali in espansione.

La delegazione, guidata dal Presidente lettone Edgars Rinkēvičs, ha visitato San Francisco e Silicon Valley, entrando in contatto con i leader governativi californiani, le aziende tecnologiche e gli investitori. La visita aveva come obiettivo quello di esplorare opportunità di cooperazione economica per le imprese lettoni negli Stati Uniti, in particolare nell'ecosistema commerciale e tecnologico della California.

Mahdi ha evidenziato l'evoluzione di CETY, che è passata da un iniziale focus sul recupero del calore da rifiuti a diventare un fornitore completo di soluzioni energetiche. L'azienda è coinvolta in un progetto di conversione del calore da rifiuti in energia in Lettonia dal 2018 ed è in discussione con altre aziende lettoni per potenziali collaborazioni.

Clean Energy Technologies, Inc. (CETY) participó en la visita de la delegación económica de Letonia a los Estados Unidos del 17 al 23 de septiembre de 2024. El CEO Kam Mahdi presentó un programa sobre Investigación y Inversión Tecnológica en California, discutiendo el crecimiento de CETY como una empresa de soluciones de energía limpia con operaciones globales en expansión.

La delegación, encabezada por el Presidente de Letonia Edgars Rinkēvičs, visitó San Francisco y Silicon Valley, interactuando con líderes gubernamentales californianos, empresas tecnológicas e inversionistas. La visita tenía como objetivo explorar oportunidades de cooperación económica para las empresas letonas en Estados Unidos, particularmente en el ecosistema empresarial y tecnológico de California.

Mahdi destacó la evolución de CETY, que pasó de enfocarse inicialmente en la recuperación de calor residual a convertirse en un proveedor integral de soluciones energéticas. La empresa ha estado involucrada en un proyecto de conversión de calor de desechos en energía en Letonia desde 2018 y está en conversaciones con otras empresas letonas para potenciales colaboraciones.

Clean Energy Technologies, Inc. (CETY)는 2024년 9월 17일부터 23일까지 미국에서 열린 라트비아 경제 대표단 방문에 참여했습니다. CEO인 Kam Mahdi는 캘리포니아 기술 연구 및 투자 프로그램에서 발표하며, CETY가 글로벌 운영을 확대하는 종합 청정 에너지 솔루션 회사로 성장해 왔음을 논의했습니다.

라트비아의 에드가르스 링케비치스 대통령이 이끄는 대표단은 샌프란시스코와 실리콘밸리를 방문하여 캘리포니아 정부 지도자, 기술 기업, 투자자들과 교류했습니다. 이번 방문의 목적은 미국 내 라트비아 기업을 위한 경제 협력 기회를 탐색하는 것이었으며, 특히 캘리포니아의 기업 및 기술 생태계에서 그러했습니다.

Mahdi는 CETY가 초기의 잔여 열 회수에 초점을 맞추던 시점에서부터 종합적인 에너지 솔루션 제공자로 발전해왔음을 강조했습니다. 이 회사는 2018년부터 라트비아에서 잔여 열을 에너지로 전환하는 프로젝트에 참여해 왔으며, 다른 라트비아 기업들과의 협력 가능성에 대해 논의 중입니다.

Clean Energy Technologies, Inc. (CETY) a participé à la visite de la délégation économique lettone aux États-Unis du 17 au 23 septembre 2024. Le PDG Kam Mahdi a présenté un programme consacré à la recherche et à l'investissement technologique en Californie, discutant de la croissance de CETY en tant qu'entreprise complète de solutions d'énergie propre avec des opérations mondiales en expansion.

La délégation, dirigée par le président letton Edgars Rinkēvičs, a visité San Francisco et la Silicon Valley, s'engageant avec les dirigeants gouvernementaux californiens, les entreprises technologiques et les investisseurs. La visite visait à explorer les opportunités de coopération économique pour les entreprises lettones aux États-Unis, en particulier dans l'écosystème commercial et technologique de Californie.

Mahdi a souligné l'évolution de CETY, passant d'un accent initial sur la récupération de chaleur résiduelle à un fournisseur complet de solutions énergétiques. L'entreprise est impliquée dans un projet de conversion de chaleur résiduelle en énergie en Lettonie depuis 2018 et discute avec d'autres entreprises lettones de collaborations potentielles.

Clean Energy Technologies, Inc. (CETY) nahm an der Wirtschaftsdelegationsreise Lettlands in die USA vom 17. bis 23. September 2024 teil. CEO Kam Mahdi stellte im Rahmen eines Programms zur Technologieforschung und Investitionen in Kalifornien die Wachstumsentwicklung von CETY als umfassendes Unternehmen für Lösungen im Bereich erneuerbare Energien mit wachsenden globalen Aktivitäten vor.

Die Delegation, angeführt von Lettlands Präsident Edgars Rinkēvičs, besuchte San Francisco und das Silicon Valley und trat in den Austausch mit kalifornischen Regierungsführern, Technologieunternehmen und Investoren. Die Reise hatte zum Ziel, wirtschaftliche Kooperationsmöglichkeiten für lettische Unternehmen in den Vereinigten Staaten zu erkunden, insbesondere im geschäftlichen und technologischen Ökosystem Kaliforniens.

Mahdi hob die Entwicklung von CETY hervor, die sich von einem anfänglichen Fokus auf die Rückgewinnung von Abwärme zu einem umfassenden Anbieter von Energielösungen entwickelt hat. Das Unternehmen ist seit 2018 an einem Projekt zur Umwandlung von Abwärme in Energie in Lettland beteiligt und führt Gespräche mit anderen lettischen Unternehmen über potenzielle Kooperationen.

Positive
  • CETY CEO presented at a high-profile economic forum, potentially increasing the company's visibility
  • CETY is expanding operations in North America, Europe, and Asia
  • The company has evolved into a comprehensive energy solutions provider
  • CETY has been involved in a waste heat to energy project in Latvia since 2018
  • Potential for new collaborations with Latvian companies
Negative
  • None.

Irvine, CA, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Clean Energy Technologies, Inc. (“CETY”) (Nasdaq: CETY), a clean energy manufacturing and services company offering eco-friendly green energy solutions, clean energy fuels, and alternative electric power for small and mid-size projects in North America, Europe, and Asia, today announced its participation in Latvia’s economic delegation visit to the US from September 17 to 23. Led by President Edgars Rinkēvičs, the delegation visited San Francisco and Silicon Valley, engaging with California government leaders, technology giants, and investors.

CETY CEO Kam Mahdi was a key presenter at a program on the topic of California Technology Research and Investment. He discussed CETY’s growth as a comprehensive clean energy solutions company with growing global focus that includes expanding operations in North America, Europe, and Asia. The program was part of President Rinkēvičs focus on exploring opportunities for economic cooperation and growth for Latvia enterprises seeking a presence in the United States and specifically targeting California for its business and technology development ecosystem and leadership.

The visit of President Rinkēvičs and other Latvian government officials and business leaders is an historic one. It was the first such high-level economic delegation to the US from Latvia. Accompanying President Rinkēvičs were Minister of Economics Viktors Valainis, Director General at Investment and Development Agency of Latvia Raivis Bremsmits, and over 50 Latvia entrepreneurs interested in California and North America for strategic growth. Meetings during the three-day visit included Microsoft, Google, NASA Ames, and Meta. AI was a big topic for this visit, especially given its potential use in all sectors and the concerns raised in the EU over privacy and security.

Mr. Mahdi talked about the evolution of CETY from its inception, when it was first focused on waste heat recovery, using technology developed by General Electric, through its current expansion into becoming a comprehensive energy solutions provider. “We have developed expertise of the entire energy process from system design to generation and storage, distribution and management,” said Mahdi. “Clients come to us to discuss their needs, and we can develop solutions to effectively address them.”

Mahdi also spoke at a meeting which included California State Treasurer Fiona Ma, Latvia Economics Minister Viktors Valainis, Latvia Investment and Development Agency Director Raivis Bremsmits, Toms Zvidriņš, Head of the US Office of Investment and Development Agency of Latvia, Martins Andersons, President of the American Latvian Association, and Latvia business leaders.

CETY has been involved in a waste heat to energy project in Latvia since 2018, with EkoNams, a company that builds Scandanvian-style log homes, the design of which is influenced by historic craftsmanship and the execution of which relies on new technologies. Building on that project, CETY has been in discussion with other Latvia companies interested in collaboration or partnerships.

President Rinkēvičs’ delegation followed up on a July 2024 California delegation to Latvia led by California State Treasurer Fiona Ma and State Senator Josh Newman. The delegation included California businesses, and involved meetings with top government and business leaders, including former Latvia Prime Minister and current European Commissioner for Trade Valdis Dombrovskis, Prime Minister Evika Siliņa, and Transportation Minister Kaspars Briškens, to discuss investment, economic and technological collaboration, and development opportunities in key Baltic growth sectors. As part of that delegation, Mr. Mahdi was an invited speaker on the Ministry of Foreign Affairs Forum on Sustainable Energy Technologies and Innovations, along with former California Senator and energy entrepreneur Robert Hertzberg.

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.

For video examples please visit CETY’s YouTube channel:
https://www.youtube.com/@CleanEnergyTechnologiesInc.

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:
949-273-4990
ir@cetyinc.com
Source: Clean Energy Technologies, Inc.


FAQ

What was the purpose of CETY's participation in Latvia's economic delegation visit to the US?

CETY participated to present its growth as a comprehensive clean energy solutions company and discuss potential economic cooperation opportunities between Latvia and the United States, particularly in California's business and technology ecosystem.

How has CETY (Nasdaq: CETY) evolved as a company according to CEO Kam Mahdi?

CETY has evolved from initially focusing on waste heat recovery to becoming a comprehensive energy solutions provider, offering expertise in system design, generation, storage, distribution, and management of energy solutions.

What existing project does CETY have in Latvia?

CETY has been involved in a waste heat to energy project in Latvia since 2018 with EkoNams, a company that builds Scandinavian-style log homes.

Who led the Latvian economic delegation to the US in September 2024?

The Latvian economic delegation was led by President Edgars Rinkēvičs and included Minister of Economics Viktors Valainis and other government officials and business leaders.

Clean Energy Technologies, Inc.

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