Probe Manufacturing Changes Name to Clean Energy Technologies, Inc.
Costa Mesa, California, (November 25, 2015) Probe Manufacturing, Inc. (OTC: CETY) announced today that it has completed the change of its corporate name to “Clean Energy Technologies, Inc.” The company name change was implemented to more closely and accurately associate the Company’s name with the Company’s current and future business focus. The Company is seeking also to change its trading symbol to reflect the changed name.
The Company’s recently completed Heat Recovery Solutions asset acquisition from General Electric International Inc. will serve as the foundation of the Company’s new focus on clean energy and environmentally sustainable technologies. The Company intends to leverage its stable and ongoing engineering and manufacturing services also to support the Company’s focus on clean energy and environmentally sustainable technologies. The Company believes that this flexible and broad skill set will position the Company well for the acquisition or integration of additional clean energy and environmentally sustainable technologies onto the Clean Energy Technologies, Inc. platform.
The Company’s strategy to focus on clean energy and environmentally sustainable technologies was first announced in early 2015. The Company anticipates that it’s recent acquisition of GE Heat Recovery Solutions will continue to leverage its core expertise on supporting emerging growth technologies and companies with clean tech engineering and manufacturing services.
About Clean Energy Technologies, Inc.
Clean Energy Technologies, Inc. is a clean energy and environmentally sustainable technologies company offering heat recovery solutions products and also providing engineering and manufacturing solutions focused on other energy efficiency and environmental sustainability technologies. The Company’s principal product offering currently is the Heat Recovery Solution, or HRS. The Company’s engineering and manufacturing resources support its heat recovery solutions business, as well as continuing to support other emerging growth companies with their technologies, with an emphasis in Clean Tech. The Company intends to identify other technologies or companies for acquisition and integration to its Clean Tech focused engineering and manufacturing platform. Headquartered in Costa Mesa, California, the Company’s common stock is currently traded on the OTC Market under the symbol CETY. For more information, visit www.ceti.io.
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This release contains certain forward-looking statements (under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including whether the Company will be able to successfully integrate the heat recovery solutions business assets into the Company’s existing operations, develop and acquire energy-efficiency and other environmentally sustainable technologies or companies, implement energy-efficient or environmentally sustainable products worldwide, or further develop products, financing options and other creative implementations to allow the Company to align its products with its customers’ needs for cost-effective, energy-efficient solutions, and whether its HRS acquisition or future acquisitions and their integration will be beneficial to the Company or its stockholders. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements. These risks, uncertainties and contingencies include, but are not limited to, the following: uncertainties relating to changes in general economic and market conditions; uncertainties relating to technology performance; uncertainties relating to market acceptance and adoption of the Company’s products and competitive products; uncertainties and liabilities relating to the acquisition of business assets, technologies or companies; and other risk factors as outlined in the Company’s periodic reports, as filed with the U.S. Securities and Exchange Commission. Forward-looking statements in this document speak only as of the date on which such statements were made, and we undertake no obligation to update any such statements that may become untrue because of subsequent events.
Clean Energy Technologies, Inc.
Kam Mahdi, Chief Executive Officer