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CarbonMeta Techs Inc, with the symbol COWI, is a technology company specializing in agile IT consulting, mobile robotics, and Internet of Things solutions. Based in Bellevue, Washington, the company offers expertise in robotics simulation and business systems, providing customers with complete automation solutions for various business processes.
CarbonMeta Technologies Inc. (OTC EXPERT:COWI) has announced significant changes in its shareholder update. The company is transitioning from a fully SEC-reporting company to trading on the OTC Markets Pink tier with disclosure requirements. This change will temporarily place COWI on the OTC Markets Expert Market until the filing of its 2023 annual report and 2024 Q1 quarterly report.
Key points include:
- The previously announced 'spin out' of Carbon Conversion Group is in its final stages, awaiting regulatory approvals.
- COWI is progressing with its cement-less concrete initiative in Saudi Arabia.
- The company has discontinued its 3D printer filament operations to focus on high-value projects.
- CarbonMeta remains committed to innovation and sustainability, focusing on technologies that transform waste into valuable resources.
CarbonMeta Technologies has filed a provisional patent for a novel process that tracks CO2 sequestered in concrete using blockchain technology. The patent, submitted to the USPTO on May 23, 2024, aims to combine carbon sequestration methods with blockchain for transparent and immutable documentation of carbon credits. This innovation could significantly reduce the construction industry's carbon footprint. CEO Lloyd Spencer highlighted the potential impact on greenhouse gas reduction and investment opportunities. The technology supports CarbonMeta's mission of environmental sustainability and transforming industrial waste into valuable products.
CarbonMeta Technologies Inc. (OTC PINK:COWI) and North Bay Resources, Inc. (OTC PINK:NBRI) have signed a Binding Memorandum of Understanding (MoU) to establish a joint venture, CarbonMeta Green Resources Canada. This venture will focus on producing carbon-negative cementless concrete using olivine. The subsidiary will be based in British Columbia, with CarbonMeta holding 51% ownership.
North Bay Resources will contribute over 100 million tons of olivine from its Tulameen Platinum Project, while CarbonMeta will provide funding and governance support. The joint venture aims to absorb up to 13% CO2 by weight through the EarthCrete® production process, pursuing carbon removal credit programs in North America to create additional revenue streams.
CarbonMeta Technologies Inc. (OTC PINK:COWI) announced a $6 million contract to supply solar panels and EarthCrete® pavers for a 14 MW solar project in Silt, Colorado. The project, managed by Silt Energy Development LLC, will utilize over 24,000 solar panels and 40,000 EarthCrete pavers, generating approximately 22 GWh of renewable energy annually, enough to cover the electricity needs of over 10,000 homes. Construction is set to begin in May 2023, with operations expected in Q4 2023. CarbonMeta's joint venture with Salvum Corporation aims to enhance the growth of its renewable energy business.
CarbonMeta Technologies Inc. (OTC PINK:COWI) announced that the SEC has declared effective its Registration Statement on Form S-1, allowing the company to resume filing Form 10-Ks, 10-Qs, and 8-Ks. This registration pertains to the offering of up to 2,781,937,537 shares of common stock by selling shareholders. The funds from the issuance of convertible notes will support business operations and working capital. The company anticipates that greater transparency from public filings will enhance access to capital markets.
For more details, access the Amended Form S-1 Registration Statement.
CarbonMeta Technologies Inc. (OTC PINK:COWI) and Kalahari Energy (Botswana) Limited have signed a Binding Memorandum of Understanding for joint cooperation in processing coalbed methane into hydrogen and carbon products. Kalahari Energy, through its subsidiary Sekaname, aims to commercialize methane resources in Botswana, reducing the carbon footprint. Both companies will hold equal stakes in the joint venture, leveraging a patented microwave technology for affordable hydrogen production and high-value carbon products, which will cater to markets in Africa and Europe.
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