CYBER ENVIRO-TECH CREATES INTERNATIONAL PRESENCE IN TURKEY
Rhea-AI Summary
Cyber Enviro-Tech (CETI) has announced the establishment of a Turkish subsidiary, Cyber International (C-INT), located in Istanbul. The company has formed a strategic alliance with Delta World Environmental Solutions (DELTA) of Turkey to support its international operations.
The expansion aims to address demands for CETI's sludge pond and soil remediation services. DELTA's CEO, Serdar Gurel, brings valuable connections across Turkey, Africa, and the Middle East. The partnership has already facilitated discussions with multiple overseas companies and government representatives.
Under the agreement, DELTA will manage various aspects of operations including project execution, manufacturing, quality control, regulatory compliance, customer communications, and public relations once contracts are secured.
Positive
- Expansion into international markets through Turkish subsidiary
- Strategic partnership with established local company DELTA
- Access to multiple potential contracts in Turkey, Africa, and Middle East
- Local expertise for regulatory and operational management
Negative
- No contracts secured yet
- Dependent on foreign partner for operations execution
News Market Reaction 1 Alert
On the day this news was published, CETI declined 11.20%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
To support its global initiatives, C-INT has formed a strategic alliance with Delta World Environmental Solutions (DELTA) of
"CETI is extremely pleased with the significant contributions and results achieved by Mr. Gurel and his team at DELTA in advancing environmentally friendly projects in
ABOUT CYBER ENVIRO-TECH, INC. CETI is an international eco-conscious, oil/sludge, water and soil remediation Company. Using bio remedial material and other proprietary equipment and processes, we are able to extract and eliminate many hazardous waste materials found in today's oil, industrial wastewater and soil. CETI has designed safe, cost-effective remediation systems including 4th Industrial Revolution technologies. This would include machine learning, artificial intelligence, the cloud, SCADA, etc., along with the application of our non-chemical, bio remedial material. Our core business model is focused on cleaning oil/sludge ponds, storage tanks, oil spills, mining and other soil remediation projects and all bodies of contaminated industrial wastewater.
FORWARD-LOOKING STATEMENTS
Any statements contained in this press release that do not describe historical facts constitute forward-looking statements. Forward-looking statements may include, without limitation, financial projections, statements regarding the plans and objectives of management for current and future operations, the development, regulatory approvals, and commercialization of the Company's products, or any of the Company's proposed services, systems, services, licensing arrangements, joint ventures, partnerships, or acquisitions. Such forward-looking statements are not meant to predict or guarantee actual results and performance and actual events or results may differ considerably. Factors that may cause actual results to differ materially from any projections may include, without limitation, delays in the Company's development of its products and services, the inability to obtain additional financing, the impact of significant new or changing government regulation on the industry, existing or increased competition, results of arbitration and litigation, stock volatility and illiquidity, and the Company's general failure to effectively implement the Company's business plans or strategies. The Company assumes no obligation to update any forward-looking statements to reflect any change in events or circumstances that may arise after the date of this release.
CONTACT:
Winston McKellar,
Dir of IR/PR
Cyber Enviro-Tech, Inc.
6991 E. Camelback Rd., Suite D-300
866.687.6856
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SOURCE Cyber Enviro-Tech