Greenwave Technology Solutions, Inc. Awarded Contract Valued at $15 - $35 Million with Core Tree Care, Inc. for Hurricane Helene Recovery Services
Greenwave Technology Solutions (Nasdaq: GWAV) has secured a contract with Core Tree Care, Inc. valued at $15-$35 million for Hurricane Helene recovery services. The contract, related to an Army Corps of Engineers prime contract, involves tree removal and processing in counties near Asheville, North Carolina. The company is operating advanced equipment including Vermeer and Morbark Wood Grinders valued at $1.4 million each.
This represents a new revenue stream for Greenwave, expanding from its core metal recycling business. The company operates 13 metal recycling facilities across Virginia, North Carolina, and Ohio, with 167 employees. The contract is expected to generate significant revenue and healthy free cashflow by March 31, 2026.
Greenwave Technology Solutions (Nasdaq: GWAV) ha ottenuto un contratto con Core Tree Care, Inc. del valore compreso tra $15 e $35 milioni per i servizi di recupero legati all'uragano Helene. Il contratto, connesso a un contratto principale del Corpo degli Ingegneri dell'Esercito, riguarda la rimozione e il trattamento degli alberi nelle contee vicino ad Asheville, North Carolina. L'azienda utilizza attrezzature avanzate, tra cui frantumatori di legno Vermeer e Morbark del valore di $1,4 milioni ciascuno.
Questo rappresenta un nuovo flusso di entrate per Greenwave, che si espande dal suo core business del riciclo dei metalli. L'azienda gestisce 13 impianti di riciclo dei metalli in Virginia, Carolina del Nord e Ohio, con 167 dipendenti. Si prevede che il contratto generi significativi ricavi e un sano flusso di cassa libero entro il 31 marzo 2026.
Greenwave Technology Solutions (Nasdaq: GWAV) ha obtenido un contrato con Core Tree Care, Inc. valorado entre $15 y $35 millones para servicios de recuperación relacionados con el huracán Helene. El contrato, asociado a un contrato principal del Cuerpo de Ingenieros del Ejército, implica la remoción y procesamiento de árboles en los condados cercanos a Asheville, Carolina del Norte. La empresa opera equipos avanzados, incluidos trituradoras de madera Vermeer y Morbark valoradas en $1,4 millones cada una.
Esto representa una nueva fuente de ingresos para Greenwave, ampliando su negocio principal de reciclaje de metales. La empresa opera 13 instalaciones de reciclaje de metales en Virginia, Carolina del Norte y Ohio, con 167 empleados. Se espera que el contrato genere ingresos significativos y un flujo de efectivo libre saludable para el 31 de marzo de 2026.
Greenwave Technology Solutions (Nasdaq: GWAV)는 Core Tree Care, Inc.와 허리케인 헬렌 복구 서비스 계약을 체결했습니다. 계약 금액은 1500만 달러에서 3500만 달러 사이입니다. 이 계약은 육군 공병대의 주요 계약과 관련되어 있으며, 노스캐롤라이나 애슈빌 인근 카운티에서 나무 제거 및 가공을 포함합니다. 회사는 각각 140만 달러 상당의 Vermeer 및 Morbark木 분쇄기와 같은 첨단 장비를 운영하고 있습니다.
이는 Greenwave에 새로운 수익원을 제공하며, 금속 재활용 사업을 확장하는 것입니다. 이 회사는 버지니아, 노스캐롤라이나, 오하이오에서 13개의 금속 재활용 시설을 운영하며 167명의 직원을 두고 있습니다. 이 계약은 2026년 3월 31일까지 상당한 수익과 건전한 자유 현금을 생성할 것으로 예상됩니다.
Greenwave Technology Solutions (Nasdaq: GWAV) a obtenu un contrat avec Core Tree Care, Inc. d'une valeur comprise entre 15 et 35 millions de dollars pour des services de récupération liés à l'ouragan Helene. Le contrat, lié à un contrat principal du Corps des ingénieurs de l'armée, implique l'enlèvement et le traitement des arbres dans des comtés près d'Asheville, Caroline du Nord. L'entreprise utilise des équipements avancés, y compris des broyeurs de bois Vermeer et Morbark d'une valeur de 1,4 million de dollars chacun.
Cela représente une nouvelle source de revenus pour Greenwave, qui s'étend de son activité principale de recyclage des métaux. L'entreprise possède 13 installations de recyclage des métaux en Virginie, Caroline du Nord et Ohio, et emploie 167 personnes. Le contrat devrait générer des revenus significatifs et un flux de trésorerie libre sain d'ici le 31 mars 2026.
Greenwave Technology Solutions (Nasdaq: GWAV) hat einen Vertrag mit Core Tree Care, Inc. im Wert von 15 bis 35 Millionen Dollar für Wiederherstellungsdienste nach dem Hurrikan Helene gesichert. Der Vertrag steht im Zusammenhang mit einem Hauptvertrag des US Army Corps of Engineers und umfasst die Baumrücknahme und -verarbeitung in den Landkreisen in der Nähe von Asheville, North Carolina. Das Unternehmen betreibt moderne Geräte, darunter Vermeer und Morbark Holzzerkleinerer im Wert von jeweils 1,4 Millionen Dollar.
Dies stellt eine neue Einnahmequelle für Greenwave dar, die sich über ihr Kerngeschäft der Metallrecycling hinweg erweitert. Das Unternehmen betreibt 13 Metallrecyclinganlagen in Virginia, North Carolina und Ohio mit 167 Mitarbeitern. Es wird erwartet, dass der Vertrag bis zum 31. März 2026 signifikante Einnahmen und gesunden freien Cashflow generiert.
- Secured new contract worth $15-35 million for Hurricane Helene recovery
- Expansion into wood recycling represents new revenue stream
- Operating high-value equipment worth $1.4 million each
- Strong positioning near Port of Virginia and Naval Station Norfolk for consistent scrap metal supply
- Revenue from new contract not expected until March 31, 2026
- Significant capital investment required in specialized equipment
Insights
The
The company's strategic positioning near major maritime facilities and previous success with large federal contracts adds credibility to their execution capability. CEO Danny Meeks' track record with a
This contract is transformative for GWAV, potentially doubling their revenue stream through expansion into wood recycling. The investment in specialized equipment - three wood grinders at
The company's strategic location near Naval Station Norfolk and the Port of Virginia provides a competitive advantage for both their traditional metal recycling and new disaster recovery services. Their established presence across three states positions them well for regional expansion of these services.
As part of the extensive recovery efforts in the aftermath of Hurricane Helene, the deadliest
Operating advanced equipment, including one Vermeer and two Morbark Wood Grinders valued at
Proven Track Record of Delivering Federal Contracts
Chairman and CEO Danny Meeks, a seasoned industry expert with over two decades of experience, brings unmatched expertise in disaster recovery and recycling. Notably, a company owned by Mr. Meeks was awarded a
This proven track-record of executing large-scale government contracts positions Greenwave to secure and execute contracts for disaster recovery along with other strategic opportunities. This new revenue channel is expected to generate
Strategic Growth Initiatives
Greenwave continues to prioritize government contracts as a key driver of revenue and cash flow growth. Its current portfolio includes critical infrastructure projects such as the Hampton Roads Bridge Tunnel expansion, agreements with numerous municipalities to recycle abandoned cars, and fulfillment of several contracts awarded by the
Leveraging its proximity to the Port of
Projected Financial Impact
With the Core Tree Care, Inc. subcontract, related to an Army Corps of Engineers prime contract, expected to deliver robust revenue growth and free cash flow in the coming quarters, Greenwave anticipates continued financial momentum. Its strategic focus on securing high-value government contracts underscores the company's commitment to consistent revenue growth and building long-term shareholder value.
About Greenwave – One of the Mid Atlantic's Leading Metal Recyclers
As an operator of 13 metal recycling facilities, Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) supplies leading steel mills and industrial conglomerates with ferrous and non-ferrous metal. With steel being one of the most recycled materials worldwide, Greenwave supplies the raw metal utilized in critical infrastructure projects and
For detailed financials and updates, visit www.GWAV.com.
Forward-looking Statements
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These include, without limitation, statements about its revenue growth, opening of additional locations, margin expansion and cashflow projections. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although the Company believes that its plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, the Company can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond the Company's control), assumptions and other factors that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for the Company's common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company's filings with the SEC. Except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
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SOURCE Greenwave Technology Solutions
FAQ
What is the value of GWAV's contract with Core Tree Care for Hurricane Helene recovery?
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