Clean Energy Technologies Inc - CETY stock
OTC Symbol: CETY | Related ticker symbols: CETY is currently listed on the NASDAQ exchange
Overview[edit]
Clean Energy (OTCQB: CETY) Technologies Inc is primarily involved in designing, building, and marketing clean products that are energy efficient and environmentally sustainable. The company offers 3 products: Heat Recovery Solutions, Waste to Energy Solutions, and Engineering & Manufacturing Services. The principal product of Clean Energy Technologies is the Clean Cycle TM generator, which is offered by its subsidiary “Heat Recovery Solutions”. CETY has a global presence with sales in countries such as the US, UK, Spain, Belgium, Turkey, Russia, China, Hungary, and Pacific Islands.[1]
Management Team[edit]
The leadership and management team at Clean Energy Technologies Inc is highly experienced with expertise in their respective domains. The leadership team consists of Kam Mahdi (Chairman and CEO), Calvin Pang (CFO and Director), Alexander Skorokhodov (Director of Technology), and Jamie Burrows (Director of Operations).[2]
Kam Mahdi is the co-founder of the company and has held the position of CEO since the inception of CETY in September 2015. Mr Mahdi holds an abundance of international and domestic experience in the operations field along with hold an educational background in Electrical Engineering. Calvin Pang (CFO) joined CETY as a director in February 2018 and assumed the position of CFO in March 2020. Before that, he was the Managing Director of Megawell Capital Limited and served as a banker at UBS AG managing portfolios of Hong Kong and China-based investors. His primary degree lies in the field of business and Finance.[2]
Alexander Skorokhodov is the Director of Engineering since October 2022, before which he was the CEO of Enex LLC and developed HTAP Technology which was acquired by CETY and is the primary system for CETY waste recovery and renewables projects. Mr Alexander has 18 years of experience managing major power generation projects around the globe. The Director of Operations, Jamie Burrows, is an accomplished management professional with 30 years of experience.[2]
Business Operations[edit]
The primary mission of Clean Energy Technologies is to be one of the leading companies in the sustainable industry designing, building & marketing clean energy products & solutions.Clean Energy Technologies provides a range of environmentally friendly options to businesses that help them save money while becoming more environmentally friendly. The products offered by CETY are as follows:[3]
- Heat Recovery Solutions: As per CETY, billions of dollars of heat is wasted every year. Heat Recovery Solutions, a subsidiary of CETY, provides custom-engineered solutions that enable companies to capture heat waste produced by the facility. The heat is converted into grid-ready electricity that can either be sold for a profit or offset the electrical expenses of the facility.
- Waste to Energy Solutions: The HTAP Patented Solution by CETY process industrial and municipal organic waste without generating any emissions. The HTAP5 containerized system can process organic waste at a rate of up to 600kg per hour in the pyrolysis reactor. The result is a synthetic gas that has multiple industrial applications.
- Engineering and Manufacturing: The team at Clean Energy Solutions has a deep-level understanding of building sustainable products. CETY helps industries and companies to design, engineer, and manufacture sustainable processes from inception along with offering customised market-ready solutions.
CETY holds several patents for its sustainable engineering solutions.
NASDAQ Uplisting[edit]
On December 7 2022, Clean Energy Technologies disclosed its plans to uplist its shares on the NASDAQ stock market with the proposed symbol CETY. The company is already working on the required steps to meet the listing requirements of the NASDAQ exchange, one of which is a reverse stock split to meet the minimum trading price requirement. The decision of final listing on NASDAQ is subject to the approval of FINRA and the ability of CETY to meet all listing requirements. “We believe the uplisting will provide several key strategic benefits that will serve the best interest of all our shareholders at a time when the Company is poised for growth,” said Kam Mahdi, CEO of Clean Energy Technologies.[4]
- ↑ OTC Markets. FORM S-1/A. Filed on November 22, 2022.
- ↑ 2.0 2.1 2.2 Cetyinc.com. About Company. Retrieved on 12/09/2022.
- ↑ Cetyinc.com. Products and Solutions. Retrieved on 12/09/2022.
- ↑ Seeking Alpha. Clean Energy Technologies plans to list on NASDAQ. Dec 07, 20222.
