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
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