Clean Energy Technologies, Inc. Signs Memorandum of Understanding with Freyr Technology Pte. Ltd. to Deliver AI Computing and Data Center Services
November 12 2024 - 5:30AM
Clean Energy Technologies, Inc. (“CETY”) (Nasdaq: CETY), a clean
energy manufacturing and services company offering eco-friendly
green energy solutions, clean energy fuels, and alternative
electric power for small and mid-size projects in North America,
Europe, and Asia, has signed a memorandum of understanding with
Freyr Technology Pte. Ltd. (Freyr) to deliver AI Computing and Data
Center services in Southeast Asia.
Freyr is the Preferred Partner of NVIDIA,
focusing on developing enhanced technical solutions to optimize the
Model Flop Utilization (MFU) of NVIDIA’s GPU for its clients.
In response to the growing market demand for AI
Computing and Data Center services, CETY and Freyr will collaborate
to fulfill this demand for potential clients. Freyr will take the
lead in signing new clients and operating the Data Centers, while
CETY will support the initiative by providing NVIDIA infrastructure
required by Data Center services, along with marketing and sales
efforts globally.
CETY can leverage this collaboration to
cross-sell its clean energy solutions to AI Data Centers. By
applying CETY’s expertise in energy efficiency, the partnership
aims to reduce the operational costs of Data Centers.
About Clean Energy Technologies, Inc.
(CETY)
Headquartered in Irvine, California, Clean
Energy Technologies, Inc. (CETY) is a rising leader in the
zero-emission revolution by offering eco-friendly green energy
solutions, clean energy fuels and alternative electric power for
small and mid-sized projects in North America, Europe, and Asia. We
deliver power from heat and biomass with zero emission and low
cost. The Company's principal products are Waste Heat Recovery
Solutions using our patented Clean CycleTM generator to create
electricity. Waste to Energy Solutions convert waste products
created in manufacturing, agriculture, wastewater treatment plants
and other industries to electricity and BioChar. Engineering,
Consulting and Project Management Solutions provide expertise and
experience in developing clean energy projects for municipal and
industrial customers and Engineering, Procurement and Construction
(EPC) companies.
CETY's common stock is currently traded on the
Nasdaq Capital Market under the symbol “CETY.” For more
information, visit www.cetyinc.com.
For more information, visit www.cetyinc.com.
Follow CETY on our social media channels:
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This summary should be read in conjunction with
the Company’s quarterly report on Form 10-Q for the quarterly
period ended June 30, 2024 and other periodic filings made pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934, as
amended, which contain, among other matters, risk factors and
financial footnotes as well as a discussions of our business,
operations and financial matters located on the website of the
Securities and Exchange Commission at www.sec.gov.
Safe Harbor Statement
This news release may include forward-looking
statements within the meaning of section 27A of the United States
Securities Act of 1933, as amended, and Section 21E of the United
States Securities and Exchange Act of 1934, as amended, with
respect to achieving corporate objectives, developing additional
project interests, the Company's analysis of opportunities in the
acquisition and development of various project interests and
certain other matters. These statements are made under the "Safe
Harbor" provisions of the United States Private Securities
Litigation Reform Act of 1995 and involve risks and uncertainties
which could cause actual results to differ materially from those in
the forward-looking statements contained herein. Forward-looking
statements are neither historical facts nor assurances of future
performance. Instead, they are based only on the Company's current
beliefs, expectations and assumptions regarding the future of
CETY’s business, future plans and strategies, projections,
anticipated events and trends, the economy and other future
conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and many of
which are outside of the Company's control. Therefore, you should
not rely on any of these forward-looking statements.
Forward-looking statements can be identified by words such as:
"anticipate," "plan," "expect," "estimate," "strategy," "future,"
"likely," "may," "should," "will" and similar references to future
periods. Any forward-looking statement made by the Company in this
press release is based only on information currently available to
us and speaks only as of the date on which it is made. The Company
undertakes no obligation to publicly update any forward-looking
statement, whether written or oral, that may be made from time to
time, whether as a result of new information, future developments
or otherwise.
Clean Energy Technologies, Inc.
Investor and Investment Media
inquiries:949-273-4990ir@cetyinc.com
Source: Clean Energy Technologies, Inc.
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