MARLBOROUGH, Mass., Feb. 27,
2025 /PRNewswire/ -- ConnectM Technology
Solutions, Inc. (Nasdaq: CNTM) ("ConnectM" or the "Company"), a
high-growth technology company on the leading edge of the
electrification economy, today announced that the Company has
retired an additional $1.9 million of
debt.
About ConnectM Technology Solutions, Inc.
ConnectM is a technology company focused on advancing the
electrification economy by integrating electrified energy assets
with its AI-powered technology solutions platform. The Company
provides residential and light commercial buildings and
all-electric original equipment manufacturers with a proprietary
Energy Intelligence Network platform to accelerate the transition
to all-electric heating, cooling, and transportation. Leveraging
technology, data, artificial intelligence, contemporary design, and
behavioral economics, ConnectM aims to make electrification more
user-friendly, affordable, precise, and socially impactful. As a
vertically integrated company with wholly owned service networks
and a comprehensive technology stack, ConnectM empowers customers
to reduce their reliance on fossil fuels, lower overall energy
costs, and minimize their carbon footprint.
For more information, please visit:
https://www.connectm.com/
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act
and Section 21E of the Securities Exchange Act of 1934, as amended
(the "Exchange Act"). We have based these forward-looking
statements on our current expectations and projections about future
events. All statements, other than statements of present or
historical fact included in this press release, regarding our
future financial performance and our strategy, expansion plans,
future operations, future operating results, estimated revenues,
losses, projected costs, prospects, plans and objectives of
management are forward-looking statements. In some cases, you can
identify forward-looking statements by terminology such as "may,"
"should," "could," "would," "expect," "plan," "anticipate,"
"intend," "believe," "estimate," "continue," "project" or the
negative of such terms or other similar expressions. These
forward-looking statements are subject to known and unknown risks,
uncertainties and assumptions about us that may cause our actual
results, levels of activity, performance or achievements to be
materially different from any future results, levels of activity,
performance or achievements expressed or implied by such
forward-looking statements. Except as otherwise required by
applicable law, we disclaim any duty to update any forward-looking
statements, all of which are expressly qualified by the statements
in this section, to reflect events or circumstances after the date
of this press release. We caution you that the forward-looking
statements contained herein are subject to numerous risks and
uncertainties, most of which are difficult to predict and many of
which are beyond our control. In addition, we caution you that the
forward-looking statements regarding the Company contained in this
press release are subject to the risks and uncertainties described
in the "Cautionary Note Regarding Forward-Looking Statements"
section of the Current Report on Form 8-K filed with the Securities
and Exchange Commission on July 18,
2024. Such filing identifies and addresses other important
risks and uncertainties that could cause actual events and results
to differ materially from those contained in the forward-looking
statements. Forward-looking statements speak only as of the date
they are made. Readers are cautioned not to put undue reliance on
forward-looking statements, and ConnectM is under no obligation to
update or revise these forward-looking statements, whether as a
result of new information, future events, or otherwise.
Contact:
Investor Relations
Dave Gentry, CEO
RedChip Companies, Inc.
1-407-644-4256
CNTM@redchip.com
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SOURCE ConnectM Technology Solutions, Inc.
