CETY has a Big Year Planned for 2022 – Multiple Projects, Major Acquisitions, and Big Opportunities with it’s Natural Gas JV.
CETY has had a huge year and has a lot planned for 2022, with major announcements including multiple projects and acquisitions, and opportunities to greatly increase revenues and valuation. We just announced a $650,000 investment, at $0.06. Kam Mahdi, CETY’s CEO stated “The pricing of this investment demonstrates our belief that we are undervalued at current market prices and our new investors’ faith in our aggressive plans for growth and profitability in 2022”.
With its recent partnership with Shenzhen Gas having kicked off in November, CETY is currently evaluating 2 acquisitions which would produce a combined valuation of approximately $110 million and have a combined annual net profit of approximately $11 million. Based on these two targets, CETY expects the joint venture to contribute approximately USD 2.9 million of net income to CETY in 2022. The joint venture is expected to contribute approximately USD 12 million in net income annually to CETY by 2024.
The overall goal of this JV is to reach $47 million in annual net profit within 3 years with the Company owning a 49% stake in the joint venture, as well as extensive cross-selling opportunities for CETY’s other solutions. This joint venture will rapidly bring additional revenue to the Company while positioning us to capitalize on opportunities in multiple verticals in the Chinese energy market, in line with CETY’s plan to offer a complete solution in the clean energy marketplace.
In addition, CETY will begin its $15M Biomass project in Ashfield Mass., generating $8M in revenue, as well as acting as a case study for future opportunities in the space. This project is the first of four anticipated renewable biomass projects, and is expected to serve as a model for developing new projects to capture market share in this rapidly growing industry.
This project outlines a roadmap for how CETY intends to further capture and finance future projects in the rapidly growing biomass renewable energy sector. CETY management believes it can secure additional biomass resources to deliver additional projects ten times larger in the future. The CETY Team is excited to kick off this project in 2022.
This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company’s analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the “Safe Harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.
Clean Energy Technologies, Inc.
Kam Mahdi, CEO
Clean Energy Technologies, Inc.
2990 Redhill Avenue
Costa Mesa, CA 92626
SOURCE Clean Energy Technologies, Inc.