~ Company targeting Europe, the Middle
East and Asia as key growth
opportunities ~
MARLBOROUGH,
Mass., March 4, 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 its planned strategic
expansion of its Building Electrification segment into Europe, the Middle
East, and Asia in response
to surging global demand for sustainable energy solutions.
With traditional energy costs rising across
Europe and labor shortages in the
service provider sector, ConnectM sees a significant market
opportunity to deploy its AI-powered, tech-enabled solutions that
optimize heating, cooling, and distributed energy solutions.
By expanding into these high-growth markets, the Company aims to
establish itself as a market leader in digital-first
electrification solutions while accelerating the global transition
to cleaner energy.
Many governments across the Middle East and Asia are investing in electrification
solutions to combat air pollution and reduce reliance on fossil
fuels, creating a high-demand environment for ConnectM's solutions.
ConnectM has built a strong pipeline of demand for its products and
service across these regions.
"Expanding ConnectM's presence into international
markets represents a transformational growth opportunity for the
Company," said Bhaskar Panigrahi,
Chairman and CEO of ConnectM. "We are well positioned to capitalize
on rising demand for energy-efficient solutions and expect our
international operations to play a pivotal role in our long-term
value creation strategy."
Outlook
ConnectM expects to generate multiple revenue
streams from its international Building Electrification initiatives
by early 2026.
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.
