Friday, October 20, 2017 9:23:25 AM
Clean Energy Technologies, Inc. (CETY) announced today that it has secured $420,000 in common stock venture financing at $.04 per share to capitalize on the international market expansion of CETY subsidiary Clean Energy HRS LLC's Clean Cycle™ ORC heat recovery steam generator. The investment was made by Cybernaut Zfounder Ventures LLC's Cyberfuture One LP fund.
The investment in CETY will support the international market expansion of the Clean Cycle™ products, including pursuant to CETY's memorandum of understanding entered into in October 2016 with Mr. Bairui Tu, principal of China-based BR Energy. The MOU lays the foundation for a China-based joint venture to manufacture and commercialize the Clean Cycle™ products in the People's Republic of China, the development of a commercial-scale manufacturing production facility in China to manufacture the products, and the planned distribution and sales of the Clean Cycle™ products in China.
I know this is older news but for a new investor it’s a big fundamental.
On the other hand, the Trump administration is just destroying any incentives to upgrade old systems with green technology.
GL,
Sloth
Recent CETY News
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- Clean Energy Technologies, Inc. CEO joins California-Latvia economic development and cross-sector cooperation delegation; addresses business forum • GlobeNewswire Inc. • 08/06/2024 09:30:00 AM
- Clean Energy Technologies, Inc. Affiliate Receives Air Quality Permit from the Vermont Department of Environmental Conservation. • GlobeNewswire Inc. • 06/25/2024 01:30:00 PM
- Clean Energy Technologies, Inc. Affiliate Selected as USDA Grant Recipient • GlobeNewswire Inc. • 06/11/2024 12:30:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/20/2024 09:00:13 PM
- Clean Energy Technologies Signs MOU with International Private Equity Fund • GlobeNewswire Inc. • 04/18/2024 01:29:00 PM
- Clean Energy Technologies Affiliate Announces Favorable Order from Maine Public Utilities Commission • GlobeNewswire Inc. • 02/07/2024 01:30:00 PM
- Form S-3/A - Registration statement under Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 01/25/2024 05:23:09 PM
- Clean Energy Technologies Continues Normal Operations Among Stock Volatility • GlobeNewswire Inc. • 01/25/2024 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/08/2024 10:07:42 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/27/2023 09:48:30 PM
- Clean Energy Technologies Reports Third Quarter 2023 Financial Results and Provides Business Update • GlobeNewswire Inc. • 11/28/2023 01:30:00 PM
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- Clean Energy Technologies, Inc. Announces Significant Balance Sheet Improvement due to Financial Restructuring • GlobeNewswire Inc. • 11/20/2023 02:49:00 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 11/15/2023 10:26:51 PM
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