CarbonMeta Technologies Inc (COWI)

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CarbonMeta Technologies Wins Sole Source Contract with Saudi Investment Recycling Company (SIRC)

CarbonMeta and SIRC to launch cement-less concrete pilot project in March 2024

Riyadh, Saudi Arabia and Woodinville, WA, USA, Feb. 20, 2024 (GLOBE NEWSWIRE) -- CarbonMeta Technologies Inc. (OTC PINK:COWI, “CarbonMeta”) announced today that it has won an 850,000 SAR (220,000 USD) sole source contract with Saudi Investment Recycling Company (SIRC) to develop and commercialize a carbon-negative concrete made from industrial, construction demolition waste and mining waste, and thereby provide sustainable, eco-friendly products for strategic construction projects in the Kingdom of Saudi Arabia (KSA).

SIRC, a wholly owned subsidiary of the Saudi Public Investment Fund (PIF) of Saudi Arabia plans to attract over $13 billion in foreign direct investment and contribute over $30 billion to Saudi GDP by 2035, by investing in key technologies that can reduce CO2 emissions, recycle solid waste, and promote a circular economy in Saudi Arabia.

“This joint pilot project with SIRC is the first step for commercializing the production of carbon-negative pavers, street furniture, and bricks in Saudi Arabia, which will be targeted towards Saudi current and future mega projects,” said Mohammed Khalil, Vice President of Business Development at CarbonMeta Technologies. “We look forward to completing this pilot project and working further with SIRC toward scaling up the production and sale of carbon-negative concrete products and realizing the goal of a circular, sustainable economy in line with Saudi Vision 2030.”

CarbonMeta will launch its pilot plant in March 2024, and expects to trial carbon-negative bricks, street furniture, and road barriers made from the carbon-negative concrete mix.

CarbonMeta and SIRC signed a Research & Development (R&D) and Commercial Collaboration Agreement in September 2023, and CarbonMeta plans to partner with:

key suppliers of construction, industrial, and mining waste materials.
a Riyadh-based factory to manufacture bricks from the carbon-negative concrete mix.
a concrete furniture manufacturer to produce at least four different street furniture models using the carbon-negative concrete mix.

“This collaboration will help CarbonMeta advance its cement-less concrete technology that will result in products that can also mitigate climate change by capturing carbon dioxide (CO2),” said Lloyd Spencer, President and CEO of CarbonMeta Technologies. “Through this cooperation, SIRC and? CarbonMeta Technologies can help advance construction waste recycling technologies and contribute to the development of a circular, sustainable economy.”

In August 2023, CarbonMeta Technologies Limited was registered in Saudi Arabia. Based in Riyadh, Saudi Arabia, the company is a wholly owned subsidiary of CarbonMeta Technologies, Inc. in the United States. Mr. Khalil is Vice President of Business Development at CarbonMeta Technologies, Inc. and is also the Managing Director of CarbonMeta Technologies Limited.

About Saudi Investment Recycling Company (SIRC)

The Saudi Investment Recycling Company (SIRC) is a wholly-owned subsidiary of the Public Investment Fund (PIF) of Saudi Arabia. Headquartered in Riyadh, the company was founded in 2017 to develop, own, operate, and finance various activities across all waste types to establish recycling capacities in the Kingdom and build a circular economy for a sustainable future. Through its achievements, SIRC will help meet and exceed the objectives of Vision 2030 and support the success of various initiatives identified by the revised Waste Management National Regulatory Framework.

For more information about SIRC, please visit https://sirc.sa

About CarbonMeta Technologies Inc.

CarbonMeta Technologies (OTC PINK:COWI) is a research and development company that develops technologies and solutions that can process organic and construction wastes into economically high-value and ecologically sustainable products, and markets them to potential OEM customers.

CarbonMeta Technologies is researching and working on early stage development of:

Carbon sequestering technologies for producing carbon-negative concrete and building products
Microwave catalysis processes and affordable catalysts for producing carbon black, graphite, nano-graphite, graphene, carbon nanotubes, and hydrogen
Scalable and affordable technologies for extracting high-value metal oxides and rare earth metal oxides that can be further processed into high-value metals

The company is headquartered in Woodinville, Washington, and has subsidiaries in Saudi Arabia, United Kingdom and the United States, each with its own focus on high-value solutions for environmental sustainability.

For more information about CarbonMeta Technologies, please visit www.CarbonMetaTech.com.

Forward-Looking Statement

This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The ability of the Company to complete and file its Fiscal Year 2016 annual report on Form 10K relies on third parties to complete their activities. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include among others, the inherent uncertainties associated with smaller reporting companies, including without limitation, other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.

CONTACT INFORMATION

Mark Duiker
CarbonMeta Technologies Investor Relations
[phone]
[e-mail]

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Source: CarbonMeta Technologies, Inc.

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CarbonMeta Technologies Issues 4th Quarter Shareholder Update

Carbon Conversion Group, CarbonMeta Technologies Saudi Arabia, Joint Venture Initiatives

Woodinville, WA, Oct. 27, 2023 (GLOBE NEWSWIRE) -- CarbonMeta Technologies Inc. (OTC PINK:COWI) today provides the following shareholder letter from Lloyd Spencer, President and CEO.

To our valued Shareholders:

As President and CEO of CarbonMeta Technologies, I must thank you again for your continued patience and support. The following update addresses many questions that we have received from current and prospective shareholders about our progress and plans; we trust that our shareholders will continue to give valuable feedback to our Investor Relations team.

Carbon Conversion Group “Spin Out”

As announced earlier, CarbonMeta Technologies’ shareholders will receive 1 common share of Carbon Conversion Group, Inc. stock for every 3,000 common shares of CarbonMeta Technologies common stock (OTC PINK:COWI) owned on the record date of June 23, 2023. The Company initiated the distribution of Carbon Conversion Group common stock shares to CarbonMeta Technologies’ shareholders, who will receive notification in the fourth quarter of 2023 (Q4-2023).

The Company is in the final stages of working with strategic investors, and receiving regulatory approvals from FINRA (Financial Industry Regulatory Authority) and the SEC (Securities and Exchange Commission) to complete the spin-out in Q4-2023.

Carbon Conversion Group, Inc. (CCG), has already realized revenues and accrued prepaid revenues resulting from the sale of solar panels and accompanying materials. As well, Carbon Conversion Group has been actively engaging with city and state officials to explore cooperative development opportunities for innovative waste remediation facilities in the United States.

Through service contract and technology licensing agreements, CarbonMeta Technologies is continuing to provide research and development support to Carbon Conversion Group for scaling up the unique technologies and solutions that have been developed by CarbonMeta Technologies, including microwave catalysis for transforming waste plastics into valuable resources, and producing carbon negative EarthCrete.

CarbonMeta Technologies Saudi Arabia

In August 2023, CarbonMeta Technologies Limited was registered in Saudi Arabia, and will soon begin a pilot project in Q4-2023 to produce precast concrete pavers, blocks and street furniture that capture CO2 during manufacturing process. This initiative is the result of a collaboration effort with Saudi Investment Recycling Company (SIRC) that has been in the planning stages during the past 18 months.

The pilot project will prototype the development of manufacturing processes needed to convert construction waste into source materials and scale up those manufacturing processes to meet the volume and quality production requirements of key construction contractors in Saudi Arabia. Further details will be announced in the coming weeks.

Joint Venture Initiatives

In April 2023, CarbonMeta Technologies and North Bay Resources Inc. signed a Binding Memorandum of Understanding ("MOU") to create a joint venture subsidiary called CarbonMeta Green Resources Canada, which will focus on the extraction of industrial grade silica and magnesium oxide for the production of carbon-negative cementless concrete using olivine and for other industrial customers.

Over the past 6 months, CarbonMeta Technologies has been in discussions with investment and implementation partners to develop a project plan that will comprise a mineral assessment, environmental assessment, and profitability valuation. It is anticipated that CarbonMeta Technologies and its implementation partners will begin an olivine processing and extraction pilot project in the first half of 2024.

In November 2022, CarbonMeta Technologies and Kalahari Energy (Botswana) Limited signed a Binding Memorandum of Understanding ("MoU") for a joint cooperation to process coalbed methane into hydrogen and solid carbon. CarbonMeta Technologies has been evaluating the technological and financial feasibility of alternative solutions, including the production of methanol from natural gas. CarbonMeta Technologies will have an update on this initiative in the first quarter of 2024.

About CarbonMeta Technologies Inc.

CarbonMeta Technologies (OTC PINK:COWI), headquartered in Woodinville, Wash., is a research and development company that commercializes the processing of industrial and organic waste materials to produce hydrogen and high-value carbon products economically and sustainably. CarbonMeta Technologies is working on commercializing patented and proprietary microwave catalysis processes for producing hydrogen and carbon products such as graphite, graphene and carbon nanotubes. CarbonMeta Technologies is also commercializing a proprietary CO2 capture technology for producing cementless concrete that is carbon-negative and captures up to 10% CO2 by weight during production. The company is based in Woodinville, Washington, and has several subsidiaries, each with its own focus on high-value solutions for environmental sustainability.

For more information about CarbonMeta Technologies, please visit www.CarbonMetaTech.com.

About Carbon Conversion Group, Inc.

Carbon Conversion Group, headquartered in Murfreesboro, Tennessee., is dedicated to revolutionizing the recycling and construction industries by developing and scaling up cutting-edge technologies and solutions that address critical environmental challenges. Our focus lies in upcycling landfilled designated plastic waste, producing sustainable hydrogen gas, high-value carbon products, and exploring other sustainable products.

For more information about Carbon Conversion Group, please visit www.CarbonConversionGroup.com

Forward-Looking Statement

This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The ability of the Company to complete and file its Fiscal Year 2016 annual report on Form 10K relies on third parties to complete their activities. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include among others, the inherent uncertainties associated with smaller reporting companies, including without limitation, other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.

CONTACT INFORMATION

Mark Duiker
CarbonMeta Technologies Investor Relations
[phone]
[e-mail]

https://www.globenewswire.com/newsroom/ti?nf=ODk2NzE0NyM1ODk0ODI0IzUwMDExNjk2Ng==
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Source: CarbonMeta Technologies, Inc.

© 2023 GlobeNewswire, Inc.
https://www.otcmarkets.com/stock/COWI/news/story?e&id=2670814


Share Structure
Market Cap Market Cap
2,124,408
11/01/2023
Authorized Shares
35,000,000,000
10/26/2023
Outstanding Shares
21,244,083,966
10/26/2023
Restricted
1,899,745,544
10/26/2023
Unrestricted
19,344,338,422
10/26/2023
Held at DTC
18,202,583,609
10/26/2023
Float
18,252,792,572
04/18/2023


CarbonMeta Technologies Announces Third Quarter Financial Guidance

Subsidiary Spin-Off, Carbon Conversion Group, Ramps Up Operations and Sales

Murfreesboro, TN, Aug. 07, 2023 (GLOBE NEWSWIRE) -- CarbonMeta Technologies, Inc. (“CarbonMeta”, OTC PINK:COWI) today announced its 3rd quarter financial guidance, highlighted by revenues from Carbon Conversion Group, Inc., the planned spin-off company that CarbonMeta announced earlier this year.

The spin off company, Carbon Conversion Group, Inc. (CCG), is projected to realize revenues of at least $600,000 resulting from the sale of solar panels and EarthCrete® pavers that will be used for a solar power project in Colorado. These revenues stem from a purchase order, which was initially announced in May 2022, for the delivery of EarthCrete™ Cementless Concrete intended for utilization in solar panel projects for both commercial and residential purposes.

“We are very pleased that CCG has substantially begun growing revenues by scaling up operations for the delivery of solar panels,” said Bob Doherty, President and CEO of Carbon Conversion Group. “We look forward to CCG scaling up the unique technologies and patents that have been developed by CarbonMeta Technologies, including microwave catalysis for transforming waste plastics into valuable resources, and producing carbon negative EarthCrete.”

Carbon Conversion Group has been actively engaging with city and state officials to explore cooperative development opportunities for an innovative waste remediation facility in Tennessee. This facility would process landfilled designated plastic waste using cutting-edge technologies developed in cooperation with CarbonMeta Technologies, ultimately transforming the waste plastics into sustainable hydrogen gas and high-value carbon products. By forging these partnerships with local and regional authorities, Carbon Conversion Group is committed to addressing critical environmental challenges and contributing to a more sustainable future.

As announced earlier, CarbonMeta Technologies’ shareholders will receive 1 common share of Carbon Conversion Group stock for every 3,000 common shares of CarbonMeta Technologies common stock (OTC PINK:COWI) owned on the record date of June 23, 2023. The anticipated distribution date ("Distribution Date") for the distribution of shares of Carbon Conversion Group to CarbonMeta Technologies’ shareholders will be in the third quarter of 2023 (Q3-2023). The two companies expect to maintain a strong commercial relationship, preserving a key value proposition for clients of both businesses.

About Carbon Conversion Group, Inc.

Carbon Conversion Group, headquartered in Murfreesboro, Tennessee., is dedicated to revolutionizing the recycling and construction industries by developing and scaling up cutting-edge technologies and solutions that address critical environmental challenges. Our focus lies in upcycling landfilled designated plastic waste, producing sustainable hydrogen gas, high-value carbon products, and exploring other sustainable products.

For more information about Carbon Conversion Group, please visit www.CarbonConversionGroup.com

About CarbonMeta Technologies Inc.

CarbonMeta Technologies (OTC PINK:COWI), headquartered in Woodinville, Wash., is a research and development company that is developing technologies related to remediation of organic wastes that can generate economically sustainable hydrogen, high-value carbon, and construction industry products.

For more information about CarbonMeta Technologies, please visit www.CarbonMetaTech.com.

Forward-Looking Statement

This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The ability of the Company to complete and file its Fiscal Year 2016 annual report on Form 10K relies on third parties to complete their activities. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include among others, the inherent uncertainties associated with smaller reporting companies, including without limitation, other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.

CONTACT INFORMATION

Mark Duiker
CarbonMeta Technologies Investor Relations
[phone]
[e-mail]

https://www.globenewswire.com/newsroom/ti?nf=ODg4Nzk3NCM1NzM4ODk1IzUwMDExNjk2Ng==
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Source: CarbonMeta Technologies, Inc.

© 2023 GlobeNewswire, Inc.
https://www.otcmarkets.com/stock/COWI/news/story?e&id=2598320


CarbonMeta Technologies says spin-off subsidiary sees revenues of $600,000
Aug. 07, 2023 9:16 AM ETCarbonMeta Technologies, Inc. (COWI)By: Arundhati Sarkar, SA News Editor

CarbonMeta Technologies (OTCPK:COWI) on Monday said spin-off company Carbon Conversion Group is projected to realize revenues of at least $600,000 from sale of solar panels and EarthCrete pavers in Colorado.
These revenues stem from a purchase order, which was initially announced in May 2022, for the delivery of EarthCrete Cementless Concrete intended for utilization in solar panel projects for both commercial and residential purposes.
As announced earlier, CarbonMeta Technologies’ shareholders will receive 1 common share of Carbon Conversion Group stock for every 3,000 common shares of CarbonMeta Technologies common stock owned on the record date of June 23, 2023.
Source: Press Release

https://seekingalpha.com/news/3998122-carbonmeta-technologies-says-spin-off-subsidiary-sees-revenues-of-600000?utm_source=otcmarkets&utm_medium=referral