IRVINE, CA., April 23, 2025 (GLOBE NEWSWIRE) -- Clean Energy Technologies, Inc. (Nasdaq: CETY) (the “Company” or “CETY”), a clean energy technology company offering power generation, waste to energy, and heat to power solutions to deliver affordable, scalable, and eco-friendly energy, clean fuels, and alternative electricity for a sustainable future, is pleased to announce a strategic agreement with Sagacity, a new company specializing in advanced design, manufacturing, and system integration, with a strong focus on clean energy and distribution.
This milestone agreement secures $400,000 in sales of CETY’s magnetic bearing Organic Rankine Cycle (ORC) heat recovery solutions and should accelerate the development of an advanced 350 kW magnetic bearing ORC system designed to scale clean energy generation for large industrial and commercial applications.
This collaboration strengthens CETY’s robust supply chain, enabling the efficient manufacturing and distribution of its proprietary Clean Cycle II (CCII) ORC system while advancing next-generation ORC technologies tailored for energy-intensive industries. By optimizing production and leveraging economies of scale, CETY can drive cost reductions and operational efficiencies across the clean energy sector.
The new 350 kW ORC system, currently under development, represents a significant leap forward in heat recovery innovation. Engineered for scalability and reliability, this new system should support new opportunities for clean energy deployment across Biomass, Oil & Gas, Data Centers, Small-to-Midsize Power Plants, and other high-demand sectors. By increasing energy efficiency and lowering operational costs, this breakthrough technology further underscores CETY’s role as a growing leader in global decarbonization efforts.
Kam Mahdi, CEO of Clean Energy Technologies, commented:
“This agreement with Sagacity is more than a sales milestone; it’s a catalyst for scaling our ORC technology to serve larger and more complex energy needs. By expanding our manufacturing and distribution capabilities, we are enhancing supply chain resilience, reducing costs, and accelerating the commercialization of waste heat recovery solutions to drive efficiency, sustainability, and long-term value for industries worldwide.”
The initial sales under this agreement include the delivery of Clean Cycle II ORC units, essential system components, and engineering support to facilitate seamless integration into key markets. As CETY and Sagacity continue to collaborate, their focus will remain on advancing ORC technology to maximize energy recovery, improve affordability, lower cost, and reinforce the transition to sustainable power generation.
With this agreement, CETY is not only securing revenue but also positioning itself for long-term scalability, cost-effective deployment, and global adoption of waste heat-to-power solutions that will redefine energy efficiency worldwide.
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. Our 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 .
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This summary should be read in conjunction with our annual report on Form 10-K for the year ending December 31, 2024, and our other periodic filings made with the Securities and Exchange Commission, which contain, among other matters, risk factors and financial footnotes as well as a discussions of our business, operations and financial matters, which filings can be 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:
949-273-4990
Source: Clean Energy Technologies, Inc.
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