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China Recycling Energy (NASDAQ:CREG) has announced a strategic partnership with LAMY Inc. (OTC PINK:LMMY) to launch green energy storage NFTs and a Metaverse-based energy storage demonstration project. The collaboration combines CREG's energy storage expertise with LAMY's gamified education platform TwoPlus1®.
The partnership includes two main initiatives:
- Development of green energy NFTs backed by real-world energy storage projects, integrated into LAMY's virtual economy
- Creation of a Metaverse-based energy storage demonstration platform for interactive learning and simulation
The collaboration aims to expand energy storage technology applications into educational and Web3 environments while creating new monetization paths through digital collectibles. The partnership focuses on engaging younger generations in clean energy awareness and ESG investment culture while leveraging LAMY's international reach for global brand expansion.
Smart Powerr Corp. (NASDAQ: CREG) has signed a strategic cooperation agreement with Shidai Huazhi (Jiangsu) Energy Technology Co., to develop integrated industrial solutions in photovoltaic, energy storage, charging, and inspection infrastructure.
The partnership focuses on four core areas: (1) Construction of integrated ultra-fast charging stations with energy storage capabilities, expected to save over one million yuan in annual electricity bills and reduce carbon emissions by 1000+ tons per year; (2) Development of intelligent microgrid systems aiming for 30% adjustable resource response by 2026; (3) Implementation of an energy closed-loop mode through virtual power plants; (4) Development of a full-cycle operation management system.
The collaboration leverages Shidai Huazhi's expertise, led by former CATL general manager Mr. Huang Shilin. The parties are considering establishing a joint venture subsidiary as part of their strategic framework.
Smart Powerr Corp. (NASDAQ: CREG) announced that it has received a notification from Nasdaq regarding its non-compliance with Listing Rule 5250(c)(1) due to the late filing of its annual report on Form 10-K for the year ending December 31, 2022. The company must submit a Compliance Plan by June 20, 2023, to rectify this issue. If accepted, CREG has until October 16, 2023, to regain compliance. The company's inability to meet the filing deadline was due to significant challenges, but the notification does not immediately affect its stock listing. Smart Powerr focuses on waste-to-energy technologies in China, tapping into a market that is projected to grow as environmental concerns rise.
Smart Powerr Corp. (NASDAQ: CREG) announced compliance with Nasdaq's Listing Rule 5250(c)(1) after timely filing its Form 10-K and quarterly reports for the periods ending December 31, 2021, March 31, 2022, and June 30, 2022. The company faced challenges in meeting its initial filing deadlines due to COVID-19 impacts in China but received an extension from Nasdaq that concluded positively upon the submission of required documents on October 11, 2022. CREG specializes in environmentally friendly waste-to-energy solutions, focusing on recycling industrial byproducts in China.
Smart Powerr Corp. (CREG) announced it received another notice of non-compliance from Nasdaq due to failing to file its Form 10-Q for the quarter ended June 30, 2022. This follows earlier notifications regarding non-compliance related to previous Forms 10-K and 10-Q. The Company is committed to updating Nasdaq on its compliance efforts. CREG, based in Xi'an, China, specializes in waste-to-energy technologies aimed at recycling industrial byproducts to generate cost-effective electricity.
Smart Powerr Corp. (CREG) announced it received a notification from Nasdaq regarding its failure to timely file required quarterly and annual reports. This non-compliance with Nasdaq Listing Rule 5250(c)(1) means CREG must submit a plan to regain compliance by June 20, 2022. If accepted, the company has until October 17, 2022, to correct the issue. The delay in filings stems from challenges related to COVID-19 in China. The notification does not immediately impact CREG's listing status on Nasdaq.
Smart Powerr Corp. (CREG) received notice from Nasdaq due to its failure to file the annual report on Form 10-K for 2021. This non-compliance with Listing Rule 5250(c)(1) requires the company to submit a Compliance Plan by June 20, 2022. If accepted, CREG has until October 17, 2022, to regain compliance. The notification does not impact the listing of CREG's shares immediately. The company cites COVID-19-related challenges in China for the delay. CREG focuses on waste-to-energy solutions and aims to address rising energy costs and environmental concerns.
China Recycling Energy Corporation (NASDAQ: CREG) announced a private placement offering on February 23, 2021, to sell approximately $38.3 million worth of common stock at a price of $11.522 per share. The transaction involves the sale of about 3,220,000 shares, which include a purchase of 1,000,000 shares by CEO Guohua Ku. This offering reflects an 8.6% premium over the closing price prior to the offering. The shares are unregistered and will require a registration statement within 180 days for resale.
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