Clean Energy Technologies, Inc. CEO joins California-Latvia economic development and cross-sector cooperation delegation; addresses business forum

Irvine, CA., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Clean Energy Technologies, Inc. (“CETY” or the “Company”) (Nasdaq: CETY) CEO Kam Mahdi joined a California delegation to Riga, Latvia, which was led by Treasurer Fiona Ma, Senator Josh Newman, and former Senator Robert Hertzberg. The purpose was to meet with Latvian government and business leaders to discuss business investment, economic and technological collaboration, and development opportunities in key Baltic growth sectors. With nearly 12,000, California is home to more Latvian Americans than any other US state.

Latvia has become a major logistics hub for economic and technological expansion that is projected to have a broadly transformative impact for growth across Europe, as the demands and opportunities of globalization make the strategically situated country a natural hub for such advancement.

The delegation visit, included a focus on major infrastructure projects such as the new Riga airport and new rail system to connect the Baltic region with other Europe destinations. Delegation meetings were headed by Latvia Prime Minister Evika Silina, EU Commission Executive Vice President and former Latvia Prime Minister Valdis Dombrovskis, Minister of Foreign Affairs Baiba Braže, Minister of Economics Viktors Valainis, Interim Director General at Investment and Development Agency of Latvia Raivis Bremsmits, Deputy State Secretary and Ministry of Transport Kristine Malnaca, Vice Chairperson of RB Rail AS Arnis Kakulis, Honorary Latvian Consul General Dr. Juris Bunkis, Managing Director of Riga Investment and Tourism Agency Fredis Bikovs, and other members of the ministries’ leadership teams.

The visit began with an official meeting and opening comments from Latvian Prime Minister Evika Siliņa, former Prime Minister of Latvia and current EU Executive Vice President Valdis Dombrovskis, California Treasurer Fiona Ma, US Ambassador to Latvia Christopher Robinson, and California State Senator Josh Newman. All hailed the critical importance of the Latvia-California connection in areas that would create synergies and leverage opportunity for cooperation between enterprises from California, currently a in the top five of world economies and leading ecosystem for technology innovation and funding, and Latvia, a focal point of new technology, clean and alternative energy, and smart transportation, with innovations that are advancing progress across the entire Baltic region.