Clean Energy Technologies Inc (CETY)

[SPM555]

Not a game changer but it's a promising update, basically stating that their Pacific Power Association presentation went well and the goal is to get contracts stemming from that.

What's especially promising is their 'creative lease financing' which means the companies will be able to adopt the technology and repayment will stem from how much the company can then save by using it. It makes it much easier for prospective customers to adopt the technology since it's a long term payment structure and based on how much the company in turn is actually saving by using the generators. Definitely a win-win situation.

Pretty amazing potential here, not too many penny stocks with this sort of market cap touting this sort of technology (acquired from GE). Strictly a matter of when the market wakes up to this guy as it's still almost entirely under the radar - good time to add cheap shares imo.

From the discussions with utility representatives at the PPA conference, the CETY team identified in excess of 20 installations for its proven Clean Cycle II generator, which is based on the proprietary oil-free magnetic levitation turbine technology CETY acquired from General Electric International Inc. CETY's CEO, Kam Mahdi , said, "We were very pleased and encouraged by the positive responses that our Clean Cycle heat recovery solutions technology and products received at the PPA conference. We believe that we successfully communicated to key utility leaders the technical and operating advantages of the Clean Cycle technology over traditional oil-lubricated screw expander technologies.We expect our magnetic-bearing Organic Rankine Cycle technology will be able toplay a key role in assisting both Island Nations utilities and utilities world-wide in achieving their energy sustainability and climate change goals."

"CETY's implementation for MEC also includes CETY's creative lease financing structure, which we hope will facilitate rapid adoption and implementation of Clean Cycle solutions by other utilities world-wide. We believe the ease of entry and long-term payment structure of the financing allows the utility user to align its investment with actual energy and cost savings realized through use of Clean Cycle units," said Kam Mahdi , CEO of CETY.