CEO LETTER TO SHAREHOLDERS

IRVINE, CA., April 30, 2025 (GLOBE NEWSWIRE) -- Clean Energy Technologies, Inc. (Nasdaq: CETY) (the “Company” or “CETY”).

Dear Shareholders,

As we navigate an ever-changing clean energy landscape shaped by global economic and political dynamics, I want to reaffirm our commitment to you of being both transparent and informative. My goal is to ensure you have a clear understanding of our company’s short-term objectives and long-term strategies.

At Clean Energy Technologies, we understand the critical need for adaptability in this fast-evolving market. We are focused on positioning ourselves to capitalize on opportunities, overcome challenges, and drive sustainable growth and profitability while creating value for our shareholders.

Being a NASDAQ-listed clean energy company is both an opportunity and a challenge, especially with limited resources in a capital-intensive industry. But we remain focused on execution, innovation, and building long-term value.

Since our uplisting in 2023, we’ve gained better access to capital markets but truly haven’t been able to take advantage of it for various reasons. We’ve made strategic moves to tighten operations and focus on areas that align with our strengths and form synergistic strategic partnerships to expand our capabilities across multiple applications in order to scale up.

One major milestone is our Vermont Renewable Gas (VRG) biomass waste to energy project:

• $12M secured for construction
• $20M long-term O&M agreement
• CETY serving as technology provider and O&M partner
  

The Vermont Renewable Gas (VRG) project serves as a model for how CETY plans to engage in future clean energy infrastructure—providing engineering, procurement, proprietary technology, and long-term operations and maintenance services. Several similar opportunities are currently in development, each with the potential to add significant value to our backlog through EPC and service agreements.

We have successfully navigated a year-long permitting process for VRG, with all permits we believe are necessary secured except for the final sign-off from the Public Utility Commission. With the other permits secured, we are in the final stages of regulatory review and are preparing to proceed with project execution upon approval.

We're also growing our pipeline in heat to power and geothermal, deploying our proprietary technology into sectors like industrial manufacturing, data centers, and utilities. The $500K Qymera project secured in Q1 2025 is as a result of that. We are currently preparing our shipment to Qymera.