Clean Energy Technologies Inc. (OTCMKTS:CETY)
Clean Energy Technologies Inc. (OTCMKTS:CETY) is targeting more sales in Europe, having set up a new 24/7 Call Center and support Field Service Personnel. The new CETY Europe Sales and Service Center is based in Silea (Treviso), Italy will include support for commissioned 65 Clean Cycle installations.
European Sales Push
The developer of clean energy products and solutions says it has identified substantial unmet, market needs that it plans to address with the new Call Center. However, the big goal is to use the center to grow European footprint with an eye on customers in the UK, Germany, Italy, Ukraine, and Croatia.
The new Call Center will be the service hub for the company’s Clean Cycle Heat Recovery Solutions Waste Heat Generators. The system is designed to capture waste heat from things like Turbines landfills and Reciprocating Engines.
“It was imperative for us to have a service center close to our customers, to increase our efficiency and response time and reduce shipping time and associated costs by maintaining a managed inventory in Europe,” said CETY Director of Operations, Jamie Burrows.
The service center in Italy according to the chief executive officer, Kam Mahdi, is part of a strategic plan that targets expansion in the European incentive markets. The executive expects the center to help accelerate the absorption of the company’s products and services while also improving customer service.
Aries Clean Energy Deal
Europe is not the only market that Clean Energy Technologies Inc. (OTCMKTS:CETY) is targeting as part of its push to grow sales. The company’s three Clean Cycle heat recovery solutions have successfully been commissioned in Lebanon Tennessee.
The solutions are being used as part of a “waste to energy” plant constructed by Aries Clean Energy – the biggest of its kind in the world. Upon completion, the plant should be able to generate 420kWs of electricity daily through the gasification of 64 tons of waste. In addition, the plant will produce high carbon content biochar that will be sold for agricultural and industrial use.
“We expect this facility to be a model for next-generation waste-to-energy partnerships. We at CETY are proud to be a key part of the efficiencies of this integrated system. Worldwide there is a need for effective waste solutions, particularly those that can produce valuable byproducts, such as clean energy,” said Mr. Mahdi.
Clean Energy Technologies Inc. (OTCMKTS:CETY) shed 26.52% in market value in Thursday’s trading session to end the day at $0.0194 a share.
I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.
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About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.