CGE ENERGY INC - CGEI STOCK NEWS

CGE Energy, Inc. (OTC: CGEI) announced its plans to merge with a to-be-formed subsidiary of its wholly-owned subsidiary, Aradatum, Inc. This merger aims to support the development of a self-powered macro cell tower system, a groundbreaking product designed to enhance wireless network infrastructure. Upon merger completion, CGE shareholders will receive equivalent shares in Aradatum. The Board of Directors has conditioned merger approval on a tax-free basis, and the proposal will be presented for final approval at the upcoming shareholder meeting.

CGE Energy and Aradatum have completed the manufacturing of a 1/16th scale working demonstration unit of their innovative self-powered macro cell tower. The tower, developed with Roush, will showcase the technology at various trade shows and events. This first unit is part of a series of four demonstrators aimed at addressing geographic and power challenges in telecommunications. The demonstration unit, nearly 12 feet tall, simulates turbine operations without the need for cranes. This collaboration indicates progress in commercial manufacturing capabilities for full-scale towers.

CGE Energy’s subsidiary, Aradatum, is set to launch initial pilot installations for its next-generation wireless tower infrastructure in early 2023. The company has expanded its strategic development by partnering with Twisthink, a Michigan-based technology firm. This collaboration will enhance Aradatum's self-powered telecom infrastructure through advanced systems for power management and weather integration. Aradatum’s President expressed excitement about this partnership, emphasizing the blend of innovative design with essential connectivity solutions to meet the growing demands of technologies like 5G.

CGE Energy, Inc. (OTC: CGEI) shared an update from President Bryan Zaplitny, reflecting on 2021's achievements and outlining future strategies for 2022. The company has focused on developing self-powered infrastructure through its subsidiary, Aradatum, which is set to launch pilot projects funded by recent equity capital. Notably, the passing of a $1.2 trillion infrastructure bill by the U.S. House of Representatives may provide opportunities for the company in broadband and clean energy sectors. CGE Energy plans to enhance its marketing outreach and shareholder communication in the upcoming year.

CGE Energy, Inc. welcomes Bruce Bruinsma, founder of Envoy Financial and His Kingdom Resources Fund, to its Board of Directors. This strategic appointment aims to enhance the company’s faith-based investment approach and support the growth of its subsidiary, Aradatum, which specializes in self-powered telecommunication towers. Bruinsma, with over 40 years in finance, emphasizes the potential for global expansion in wireless infrastructure. President and CEO Bryan Zaplitny highlights Bruinsma’s alignment with CGE’s mission to deliver value to shareholders.

CGE Energy's subsidiary, Aradatum, is in a scale-up phase, preparing for commercial manufacturing of self-powered cell towers targeted for telecom and technology markets. Anticipating a spin-off, CGE shareholders will receive Aradatum shares on a one-to-one basis on the spin-off date. The U.S. requires over 300,000 new cell towers, needing a $500 billion investment for 5G infrastructure. Aradatum's renewable energy solutions aim to address these needs and enhance connectivity while aligning with renewable energy goals.

CGE Energy, Inc. (OTCPink: CGEI) announced the issuance of 60 million common shares of its subsidiary, Aradatum, Inc., to better position for a future spin-out. This strategic move aims to allow CGEI shareholders to receive shares in Aradatum upon its official spin-off, potentially enhancing their investment value. President Bryan Zaplitny emphasized that this decision is part of positioning Aradatum for future growth and to attract necessary capital for scaling its manufacturing capabilities in self-powered telecommunication products.