Clean Energy Technologies, Inc. (NASDAQ: CETY) (the “Company”), a
clean energy manufacturing and services company, offering
eco-friendly green energy solutions, clean energy fuels, and
alternative electric power for small and mid-sized projects in
North America, Europe, and Asia today announced that it has
finalized an agreement with RPG Energy Group Inc. (“RPG”) and
Stanley Black & Decker (“SBD”) to design, build, and install a
Clean Cycle waste heat recovery system at SBD’s Martin Tennessee
facility.
CETY will install a Heat Recovery Waste Heat
Generator at SBDs facility in Martin Tennessee to convert its
wasted heat to clean electricity. The generator will extract heat
from the burn off furnace by inserting itself between the
generation source and converts a portion of this rejected heat to
electricity.
Stanley Black and Decker is committed to
advancing the application of innovation to decarbonize operations.
One of these efforts is the introduction of an advanced waste heat
generation solution at its manufacturing facility in Martin, TN.
The process of manufacturing outdoor tools is energy intensive.
This waste heat solution captures heat that is otherwise vented
into the atmosphere and instead converts this into electricity to
be utilized at the facility. Applying this technology is expected
to drive both CO2 reduction as well as operating efficiencies.
RPG Energy Group Inc., a leading energy
efficiency and renewable energy integrator, supports works with
Stanley Black and Decker to develop and integrate various energy
projects in pursuit of the company’s sustainability and operating
goals.
Jami Krynski, CEO of RPG stated, “Through this
strategic relationship, CETY and RPG are well-positioned to deploy
this cutting-edge thermal waste conversion technology to benefit
Stanley Black & Decker’s Martin facility. We will further work
to identify additional opportunities to expand the application of
this solution across Stanley Black & Decker’s operations”.
Kam Mahdi, CETY’s CEO said, “Our Clean Cycle ORC
will bring environmental and sustainable benefits to Stanley Black
& Decker’s facility. This joint venture with RPG Energy &
Stanley Black & Decker will significantly enhance the
scalability of our heat recovery solutions. The investment tax
credit also offers our customers increased incentive to implement
waste heat generators and other forms of energy recovery solutions.
This is a great opportunity to capitalize on, and we are excited
for the future plants to replicate this model.”
About Clean Energy Technologies:
Headquartered in Costa Mesa, California,
Clean Energy Technologies (NASDAQ: CETY) plans to become a leader
in the zero-emission revolution by offering recyclable energy
solutions, clean energy fuels and alternative electric power for
small and mid-sized projects in North America, Europe, and Asia. We
deliver power from heat and biomass with zero emission and low
cost. The Company's principal products are Waste Heat Recovery
Solutions using our patented Clean Cycle TM generator to create
electricity. Waste to Energy Solutions convert waste products
created in manufacturing, agriculture, wastewater treatment plants
and other industries to electricity and BioChar. Engineering,
Consulting and Project Management Solutions provide expertise and
experience in developing clean energy projects for municipal and
industrial customers and Engineering, Procurement and Construction
(EPC) companies. Our natural gas trading operations in China is to
source and supply natural gas to industries and municipalities
located in China.
For more information, visit www.cetyinc.com
.
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About RPG Energy Group:
RPG Energy Group, based in Indianapolis,
Indiana, is a leading energy efficiency and renewable energy
integrator with decades of experience implementing energy savings
projects. Our mission is to educate our customers about their
energy footprint and find the best ways to reduce energy intensity
through demand reduction and on-site energy generation. RPG Energy
Group offers a full turn-key solution from schematic design and
engineering through final construction and system monitoring. Our
overall process contains a 4-phase approach which ensures our
projects are complete to the highest quality while providing full
transparency to our clients.
About Stanley Black &
Decker:
Headquartered in the USA, Stanley
Black & Decker is a worldwide leader in tools and outdoor
operating manufacturing facilities worldwide. Guided by its purpose
for those who make the world – the company's more than 50,000
diverse and high-performing employees produce innovative,
award-winning power tools, hand tools, storage, digital tool
solutions, lifestyle products, outdoor products, engineered
fasteners and other industrial equipment to support the world's
makers, creators, tradespeople and builders. The company's iconic
brands include DEWALT ®, BLACK+DECKER ®,
CRAFTSMAN ®, STANLEY ®, CUB CADET ®,
HUSTLER ® and TROY-BILT ®. Recognized for its
leadership in environmental, social and governance
(ESG), Stanley Black & Decker strives to be a force
for good in support of its communities, employees, customers and
other stakeholders. To learn more
visit: www.stanleyblackanddecker.com
Safe Harbor Statement
This press release contains statements that may
constitute “forward-looking statements” as defined by the Private
Securities Litigation Reform Act of 1995. In addition, from time to
time, we or our representatives may make forward-looking statements
orally or in writing. We base these forward-looking statements on
our expectations and projections about future events, which we
derive from the information currently available to us. Such
forward-looking statements relate to future events or our future
performance, including: our financial performance and projections;
our growth in revenue and earnings; and our business prospects and
opportunities. You can identify forward-looking statements by those
statements that are not historical in nature, particularly those
that use terminology such as “may,” “should,” “expects,”
“anticipates,” “contemplates,” “estimates,” “believes,” “plans,”
“projected,” “predicts,” “potential,” or “hopes” or the negative of
these or similar terms. In evaluating these forward-looking
statements, you should consider various factors, including: our
ability to change the direction of the Company; our ability to keep
pace with new technology and changing market needs; and the
competitive environment of our business. These and other factors
may cause our actual results to differ materially from any
forward-looking statement. Forward-looking statements involve
inherent risks and uncertainties. The forward-looking events
discussed in this press release and other statements made from time
to time by us or our representatives, may not occur, and actual
events and results may differ materially and are subject to risks,
uncertainties, and assumptions about us. Further information
regarding these and other risks is included in the Company’s
filings with the SEC. All information provided in this press
release is as of the date of this press release. We are not
obligated to publicly update or revise any forward-looking
statement, except as required under applicable law, whether as a
result of uncertainties and assumptions, the forward-looking events
discussed in this press release and other statements made from time
to time by us or our representatives might not occur.
Clean Energy Technologies, Inc.
Investor Relations Contact :ir@cetyinc.com
Contact:Clean Energy Technologies, Inc.2990
Redhill AvenueCosta Mesa, CA 92626949.273.4990 main949.273.4990
faxwww.cetyinc.com
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