CoroWare CEO Discusses Revitalized Business Strategy in Audio Interview with SmallCapVoice.com
CoroWare Inc. (OTC PINK:COWI) has announced a revitalized business strategy in an interview with CEO Lloyd Spencer. The Company is transitioning to the resource reclamation sector, focusing on converting organic waste into valuable products like carbon nanotubes and hydrogen. A recent agreement with YA Global Investments has relieved the Company of a long-standing debenture, strengthening its balance sheet. This positions CoroWare to enhance its research and development and advance its extraction technology, targeting industries such as automotive and aviation.
- Relieved from a long-standing debenture with YA Global Investments, enhancing financial stability.
- New business model focused on converting organic waste into high-value products.
- Strengthened balance sheet supports upcoming operational goals and R&D expansion.
- None.
AUSTIN, TX / ACCESSWIRE / July 23, 2021 / SmallCapVoice.com Inc. ('SCV') announces the availability of a new interview with Lloyd Spencer, CEO of CoroWare Inc. (OTC PINK:COWI) ('the Company'), to discuss the Company's current operations and a recent agreement that serves as a powerful catalyst for its new business model.
Founded in 2000, CoroWare is venturing into the vast resource reclamation space, backed by a team of tenured scientists in the UK. The Company is focused on implementing technology that converts organic waste materials into higher-value products like carbon nanotubes and hydrogen for a wide range of industries, including automotive, aviation, medical and construction.
Speaking with SCV's Stuart Smith, Spencer, who is also CEO of complementary waste management company Deep Green Inc. (OTCQB:DGWR), provides a timeline of the Company's history, right up to its recent agreement with YA Global Investments to settle a long-standing debenture undertaken by previous management.
“It's really been about 13 years in the making, in many respects,” he says, explaining the benefits of such a transaction. “The great news for investors is: that's it. This isn't a long-term debenture they have to contend with anymore.”
From here, says Spencer, CoroWare enjoys a strengthened balance sheet that propels the Company's near-term operational goals, such as building its research and development team and getting qualified for a Reg A offering.
CoroWare can also advance on the build-out of its extraction technology. Spencer notes the abundance of organic waste, particularly plastic, and how its conversion into high-value carbon and hydrogen products is applicable to large, lucrative industries.
“The benefit of this solution,” he says, “is that we're starting with a plentiful waste product and we are turning that into products that are going to be used in the hydrogen industry, as well as the electric vehicle industry.”
Spencer concludes the interview with a brief look at his professional background, including his dual role as CEO of both CoroWare and Deep Green, and explains the synergy between the companies.
“One of the things I look forward to doing is bringing some new opportunities by partnering with Deep Green and waste management companies so that we can take plastic waste - some of it being recycled, some of it not, because some of the recycling centers don't take plastics of various kinds - and be able to take those kinds of plastics and turn them into an economic opportunity for CoroWare and actually even for the recycling company or waste management company like Deep Green.”
The full interview can be heard at: https://www.smallcapvoice.com/interview-coroware-inc-cowi
About CoroWare Inc.
CoroWare Inc. (OTC PINK:COWI), headquartered in Woodinville, Washington, is in the early stage of transitioning into a resource reclamation company that will process organic wastes and generate economically sustainable hydrogen and high-value carbon products.
For more information, please visit www.CoroWare.com.
About SmallCapVoice.com
SmallCapVoice.com, Inc. is a recognized corporate investor relations firm, with clients nationwide, known for its ability to help emerging growth companies, small cap and micro-cap stocks build a following among retail and institutional investors. SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, podcasts, as well as its clients' financial news releases. SmallCapVoice.com also offers individual investors all the tools they need to make informed decisions about the stocks in which they are interested. Tools like stock charts, stock alerts, and Company Information Sheets can assist with investing in stocks that are traded on the OTCMarkets. To learn more about SmallCapVoice.com and its services, please visit https://www.smallcapvoice.com/small-cap-stock-otc-investor-relations-financial-public-relations/.
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Forward-Looking Statement
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The ability of the Company to complete and file its Fiscal Year 2016 annual report on Form 10K relies on third parties to complete their activities. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include among others, the inherent uncertainties associated with smaller reporting companies, including without limitation, other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
CONTACT INFORMATION
Mark Duiker
CoroWare Investor Relations
(844) 641-2676, option 3
Investor@CoroWare.com
SmallCapVoice.com
Stuart T. Smith
512-267-2430
Info@SmallCapVoice.com
SOURCE: SmallCapVoice.com
View source version on accesswire.com:
https://www.accesswire.com/656762/CoroWare-CEO-Discusses-Revitalized-Business-Strategy-in-Audio-Interview-with-SmallCapVoicecom
FAQ
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