MetaWorks Completes Asset Purchase of FogDog Energy
MetaWorks Platforms, Inc. (OTCQB: MWRK) has acquired the assets of FogDog Energy Solutions, Inc. (FDE), exchanging its debt in full. This acquisition aims to fast-track the launch of MetaWorks' waste-to-energy business through its subsidiary, EnergyWorks Corp. The deal includes an MOU with an Oklahoma municipality, serving as the foundation for the new venture.
MetaWorks expects to begin revenue-generating operations by Q4 2024 and plans to roll out additional waste-to-energy locations in 2025. The company will also enter a business development agreement with the FDE team to focus on growth. This move aligns with global concerns about plastic recycling, as only 9% of plastic produced annually is recycled, according to an OECD report.
MetaWorks Platforms, Inc. (OTCQB: MWRK) ha acquisito gli asset di FogDog Energy Solutions, Inc. (FDE), estinguendo il suo debito completamente. Questa acquisizione mira a accelerare il lancio del business del waste-to-energy di MetaWorks attraverso la sua sussidiaria, EnergyWorks Corp. L'accordo include un MOU con un comune dell'Oklahoma, che servirà come base per la nuova iniziativa.
MetaWorks si aspetta di iniziare le operazioni generatrici di entrate entro il Q4 2024 e prevede di lanciare ulteriori sedi di waste-to-energy nel 2025. L'azienda stipulerà anche un accordo di sviluppo commerciale con il team FDE per concentrarsi sulla crescita. Questa mossa si allinea con le preoccupazioni globali riguardo al riciclo della plastica, considerando che solo il 9% della plastica prodotta annualmente viene riciclata, secondo un rapporto dell'OCSE.
MetaWorks Platforms, Inc. (OTCQB: MWRK) ha adquirido los activos de FogDog Energy Solutions, Inc. (FDE), saldando completamente su deuda. Esta adquisición tiene como objetivo acelerar el lanzamiento del negocio de conversión de residuos en energía de MetaWorks a través de su filial, EnergyWorks Corp. El acuerdo incluye un MOU con un municipio de Oklahoma, que servirá como base para la nueva empresa.
MetaWorks espera comenzar las operaciones generadoras de ingresos para el cuarto trimestre de 2024 y planea implementar más ubicaciones de conversión de residuos en energía en 2025. La compañía también firmará un acuerdo de desarrollo empresarial con el equipo de FDE para enfocarse en el crecimiento. Este movimiento se alinea con las preocupaciones globales sobre el reciclaje de plásticos, ya que solo el 9% del plástico producido anualmente es reciclado, según un informe de la OCDE.
MetaWorks Platforms, Inc. (OTCQB: MWRK)이 FogDog Energy Solutions, Inc. (FDE)의 자산을 인수했습니다, 모든 부채를 상환한 것입니다. 이번 인수는 MetaWorks의 폐기물-에너지 사업 출범을 신속하게 진행하기 위해 자회사인 EnergyWorks Corp.를 통해 이루어집니다. 계약에는 오클라호마의 지방자치단체와의 MOU가 포함되어 있으며, 이는 새로운 사업의 기초가 될 것입니다.
MetaWorks는 2024년 4분기까지 수익 창출 운영을 시작할 것으로 예상하고 있습니다와 함께 2025년에는 추가적인 폐기물-에너지 위치를 론칭할 계획입니다. 또한, 회사는 성장에 집중하기 위해 FDE 팀과 비즈니스 개발 계약을 맺을 것입니다. 이 결정은 매년 생산되는 플라스틱 중 단 9%만이 재활용된다는 OECD 보고서에 따르면 플라스틱 재활용에 대한 세계적인 우려와 일치합니다.
MetaWorks Platforms, Inc. (OTCQB: MWRK) a acquis les actifs de FogDog Energy Solutions, Inc. (FDE), en remboursant complètement sa dette. Cette acquisition vise à accélérer le lancement de l'activité de conversion des déchets en énergie de MetaWorks par l'intermédiaire de sa filiale, EnergyWorks Corp. L'accord comprend un MOU avec une municipalité de l'Oklahoma, servant de base à cette nouvelle initiative.
MetaWorks s'attend à débuter des opérations génératrices de revenus d'ici le quatrième trimestre 2024 et prévoit de déployer d'autres sites de conversion de déchets en énergie en 2025. La société conclura également un contrat de développement commercial avec l'équipe de FDE pour se concentrer sur la croissance. Cette démarche est en accord avec les préoccupations mondiales concernant le recyclage des plastiques, car selon un rapport de l'OCDE, seulement 9 % du plastique produit chaque année est recyclé.
MetaWorks Platforms, Inc. (OTCQB: MWRK) hat die Vermögenswerte von FogDog Energy Solutions, Inc. (FDE) erworben und dabei seine Schulden vollständig beglichen. Diese Übernahme zielt darauf ab, den Start des Waste-to-Energy-Geschäfts von MetaWorks rasch voranzutreiben über ihre Tochtergesellschaft, EnergyWorks Corp. Der Deal beinhaltet eine MOU mit einer Gemeinde in Oklahoma, die als Grundlage für das neue Unternehmen dient.
MetaWorks erwartet, im vierten Quartal 2024 mit umsatzgenerierenden Betrieben zu beginnen und plant, 2025 weitere Waste-to-Energy-Standorte zu eröffnen. Das Unternehmen wird auch einen Geschäftsentwicklungsvertrag mit dem FDE-Team abschließen, um sich auf das Wachstum zu konzentrieren. Dieser Schritt steht im Einklang mit globalen Bedenken hinsichtlich des Recyclings von Kunststoffen, da laut einem OECD-Bericht nur 9% des jährlich produzierten Kunststoffs recycled werden.
- Acquisition of FogDog Energy Solutions' assets
- Expected revenue generation by Q4 2024
- MOU with Oklahoma municipality for waste-to-energy operations
- Plans for expansion of waste-to-energy locations in 2025
- Business development agreement with FDE team for growth
- None.
Company to Begin Waste to Energy Conversion Operations by Q4
Fairfield, CA., Aug. 23, 2024 (GLOBE NEWSWIRE) -- MetaWorks Platforms, Inc. ("MetaWorks" or the "Company"), (OTCQB: MWRK), an award-winning technology focused company, today announced that it has acquired the assets of FogDog Energy Solutions, Inc., (FDE). MetaWorks had previously made investments into FDE and this asset acquisition allows the Company to exchange its debt in full. The Company now seeks to use the acquired assets to quickly scale its new waste-to-energy business through its wholly owned subsidiary, EnergyWorks Corp.
MetaWorks President Scott Gallagher stated, “We’re thrilled to have completed this transaction. Acquiring Fog Dog's assets will fast-track the launch of our waste-to-energy business. Notably, this deal includes an MOU with an Oklahoma municipality that will serve as the foundation for our new venture.” Gallagher went on to say, “With this deal now completed, we expect to begin revenue generating operations by the fourth quarter. Furthermore, we will enter into a business development agreement with the FDE team as part of the deal, focused on growing the business. As we solidify our foundation, we look forward to rolling out additional waste-to-energy locations in 2025.”
Globally, only about
Company Contact:
Scott Gallagher, President
(727) 417-7807
scott@metaworksplatforms.io
About MetaWorks Platforms, Inc.
MetaWorks Platforms, Inc. ("MetaWorks" or the "Company"), (OTCQB: MWRK), is an award-winning, future technology company that develops and leverages future technologies to build products, platforms and businesses that solve real world and future technology problems. MetaWorks Platforms trades on the OTCQB market, over the counter, under the ticker symbol: MWRK. MetaWorks is an SEC exchange act, fully reporting company.
For more information on MetaWorks Platforms, please visit us at www.MetaWorks.ai and our wholly owned subsidiary EnergyWorks, Inc. at www.EnergyWorks.Tech For additional investor or financial information visit www.SEC.gov.
FAQ
What assets did MetaWorks Platforms (MWRK) acquire in August 2024?
When does MetaWorks (MWRK) expect to begin revenue-generating operations for its waste-to-energy business?
What is the significance of the MOU mentioned in MetaWorks' (MWRK) asset acquisition announcement?
What are MetaWorks' (MWRK) plans for expanding its waste-to-energy business in 2025?
