CETYD - CETYD STOCK NEWS

Clean Energy Technologies, Inc. (CETY) announces a framework agreement with SCEI Distributed Energy Systems Co., Ltd. (SDES) for the implementation of CETY's Waste Heat Recovery products in SDES's projects in China. CETY will be a prioritized supplier for ongoing and future projects, accelerating the cross-selling of CETY's products in China.

Clean Energy Technologies, Inc. announces strong revenue growth and operational strategy execution in Q1 2023. Total revenue increased by 373% compared to Q1 2022. Stockholder's equity also increased significantly. Gross profit decreased due to a shift in revenue driver. Net loss influenced by one-off expenses. Company's strategy focuses on Waste Heat Recovery, Waste to Energy, and clean energy engineering. CETY aims to expand its technological portfolio and achieve a diversified revenue stream. The demand for Waste Heat Recovery products is increasing. CETY's pilot Waste to Energy plant is progressing well. The company offers project development and management solutions. CETY is scaling its NG trading operations and expanding sales in China. The Nasdaq up-listing enhances the company's reputation and access to capital.

Clean Energy Technologies, Inc. (CETY) reported significant growth in its 2022 Year-End financial results. The total revenue reached $2.66 million, marking a 104% increase over 2021. Gross profits also rose by 92% to $1.17 million, while the net profit was $147,395, down from $297,551 in the previous year, attributed to one-time expenses related to its Nasdaq up-listing. Notably, the company recognized a substantial gain on debt settlement of $2.56 million in 2022, compared to $868,502 in 2021. As of early 2023, CETY's equity position improved significantly, bolstered by a public offering grossing $3.9 million and the conversion of a convertible note. The company aims for continued profitability through operational scaling and capital access.

Clean Energy Technologies, Inc. (CETY) recently announced a significant milestone: its subsidiary, Jiangsu Huanya Jieneng New Energy Co., Ltd., received certification to access the China Natural Gas Pipeline Network Group Co. (NGPNG). This access enables CETY to utilize the extensive natural gas infrastructure across China, allowing for the importation and sale of natural gas through the NGPNG network.

This expansion significantly enhances CETY's distribution capabilities, securing a supply of up to 40 million cubic meters of natural gas for the remainder of 2023. CEO Kam Mahdi emphasized that this certification represents national recognition and broadens their user base, potentially increasing the adoption of CETY's energy efficiency solutions.

Clean Energy Technologies, Inc. (CETY) reported securing and selling 6.65 million cubic meters of natural gas (NG) in Q1 2023, generating approximately USD 2.5 million in sales. The company sees an improved NG market in China, with a Manufacturing PMI rising to 52.6 in February 2023. China's government aims for a GDP growth target of about 5% for 2023, fostering positive demand for NG. CETY is shifting from low-volume, higher-margin trading to stable higher-volume trading to mitigate market risks. CEO Kam Mahdi noted that NG operations in China provide cross-selling opportunities for CETY's products, anticipating increased contributions from this sector.

Clean Energy Technologies, Inc. (CETY) has announced a significant collaboration with RPG Energy Group to develop onsite applications aimed at generating electricity and hydrogen while promoting decarbonization. This partnership targets Fortune 500 clients across Europe, the Middle East, Asia, and the U.S., with initial projects focused in Germany, the Czech Republic, Poland, the UK, and select U.S. states. This initiative leverages CETY's innovative solutions, including microgrid integration and waste-heat recovery technologies, to enhance energy efficiency and reduce costs amidst rising utility charges.

Clean Energy Technologies (CETY) recently closed a public offering of 975,000 shares at $4.00 per share, totaling $3.9 million in gross proceeds. This offering, completed on March 27, 2023, allows underwriters to purchase an additional 146,250 shares within 45 days. CETY's shares began trading on NASDAQ under the symbol "CETY" on March 23, 2023. The CEO, Kam Mahdi, expressed optimism about the uplisting to Nasdaq and its potential to enhance market visibility.

Clean Energy Technologies, Inc. (CETY) announced a public offering of 975,000 shares of common stock priced at $4.00 per share, totaling gross proceeds of $3.9 million. The offering, conducted on a firm commitment basis, includes a 45-day option for underwriters to purchase an additional 146,250 shares. The shares will begin trading on Nasdaq under the ticker CETY. The offering is expected to close around March 27, 2023, pending customary closing conditions. This capital raise aims to support the company's initiatives in clean energy solutions across North America, Europe, and Asia.