CGE Energy’s Subsidiary Aradatum is Making Next Moves

Rhea-AI Summary

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.

Positive

• CGE plans to spin off Aradatum, potentially increasing enterprise value for shareholders.
• Aradatum targets a large market need for over 300,000 new cell towers in the U.S.
• The market shows a decrease in short interest, indicating positive sentiment.

Negative

• None.

BRIGHTON, Mich, April 22, 2021 (GLOBE NEWSWIRE) -- CGE Energy, Inc.’s (OTCPink: CGEI) subsidiary, Aradatum, is making it’s strategic moves and is looking to soon publicly discuss it’s rollout plans in greater detail.

Aradatum is currently in a scale-up phase, with a sales network established to build pre-sales for deliveries beginning in 2022, readying the towers for commercial manufacturing, and speaking to investors to expedite their growth.

The market and short interest is readying for these moves. There has been a large drop in short interest. https://www.americanbankingnews.com/2021/04/14/cge-energy-inc-otcmktscgei-sees-large-decrease-in-short-interest.html

It has been previously made public that at some point in the future, CGE intends to spin-off its subsidiary, Aradatum, to own and operate self-powered cell towers for the telecom and technology markets.

As a point of clarity concerning the future ownership of Aradatum by CGE Energy Shareholders, when the spin-off occurs, the intent is that every CGE Shareholder on the date of the spin-off will receive Aradatum Shares on the basis of one Aradatum Share for every one CGE Share owned, as of the last trading day prior to the spin-off. Only CGE Shareholders at spin-off will receive Aradatum Shares.

Until the spin-off occurs, the primary way to obtain Aradatum ownership is through the ownership of CGE Shares purchased in the open market or a large private placement.

“I see great value in the opportunity of Aradatum’s self-powered wireless towers in the market,” said Bryan Zaplitny, CGE’s President and CEO, “As a CGE shareholder myself, I am excited to also be part of a groundbreaking tech company that, when spun out, is poised to have greater long-term enterprise value potential than a single company, as structured today. Our companies' unique and differentiated types of power solutions can both shine independently and are in alignment with each organization’s sales activities.”

There are more than 300,000 additional cell towers needed to be constructed in the U.S. This will require a $500 Billion investment in new 5G infrastructure and Aradatum uniquely offers a solution to the geographic and power challenges that have limited the reach of next-generation wireless networks to date. Powered by clean, renewable energy with energy storage, Aradatum’s tower design is an environmentally responsible way to meet the growing demand for connectivity and for telecom providers to attain targeted and specific renewable energy goals.

About CGE Energy, Inc.

CGE Energy, Inc., and its wholly-owned subsidiary Clean Green Energy, Inc., is a developer of long-term energy projects and self-powered infrastructure which solve the unique energy challenges of their commercial, municipal and nonprofit customers. The Company provides both services and products that enable its customers to reduce their energy consumption; lower their upfront, operating and maintenance costs; and realize environmental benefits.

http://www.cgeenergy.com/

About Aradatum, Inc.

Aradatum is a technology company that provides the keys to ubiquitous wireless connectivity. Aradatum puts the infrastructure in place to solve geographic and power challenges that have limited the reach of next-generation wireless networks, offering a simple way to provide secure and instantaneous communication for telecommunications and network infrastructure equipment running advanced applications for 5G, private networks, and edge computing. Aradatum, Inc. is a subsidiary CGE Energy, Inc. www.aradatum.com

Press Release Contacts

CGE Energy, Inc.
Paul Schneider, VP Marketing
248-446-1344
pschneider@cgeenergy.com

This release may contain "forward-looking statements" that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by certain words or phrases such as "may", "will", "aim", "will likely result", "believe", "expect", "will continue", "anticipate", "estimate", "intend", "plan", "contemplate", "seek to", "future", "objective", "goal", "project", "should", "will pursue" and similar expressions or variations of such expressions. These forward-looking statements reflect the Company's current expectations about its future plans and performance. All forward-looking statements included in this release are based on information available to us on the date hereof and speak only as of the date hereof. We undertake no obligation to update or revise publicly any forward-looking statements. Actual results may differ materially from those projected in the forward-looking statements.

FAQ

What is the significance of CGE Energy, Inc.'s planned spin-off of Aradatum?

The spin-off of Aradatum is expected to provide CGE shareholders with greater enterprise value through one Aradatum share for each CGE share owned at the time of the spin-off.

How does Aradatum contribute to the telecom industry?

Aradatum aims to offer self-powered wireless towers, addressing the U.S.'s need for over 300,000 new cell towers and a $500 billion investment for 5G infrastructure.

What progress has Aradatum made towards commercialization?

Aradatum is currently scaling up its operations, establishing a sales network for pre-sales aimed at delivering products in 2022.

What recent market trend has been observed regarding CGE Energy's stock?

There has been a notable decrease in short interest for CGE Energy's stock, suggesting a positive outlook from investors.