CYBER ENVIRO-TECH INC ANNOUNCES PARTNERSHIP WITH SOME OF ITS SHAREHOLDERS TO FOCUS ON THE LAUNDRY INDUSTRY

Rhea-AI Summary

Cyber Enviro-Tech Inc. (CETI) has announced a partnership with its shareholder-based subsidiary, CETI Axenic (CAX), to pursue opportunities in the commercial laundry business. The industry consumes over 1.7 trillion gallons of water annually at a cost exceeding $3.5 billion, with only 32% of water currently being recycled. CETI's innovative water remediation systems can increase recycling rates to over 90%, potentially saving more than $1 billion annually.

CETI's technology offers several advantages, including up to 48 hours of residual disinfectant, eco-friendliness, and removal of PFAS by over 85%. The bio-mechanical process eliminates effluent and the need for sewage treatment. Recycling water creates a 50% energy savings and could yield over 20% in cost savings while enhancing cleaning and disinfection efficiency.

Positive

• Partnership with shareholder-based subsidiary to enter commercial laundry business
• Potential to increase water recycling rates from 32% to over 90%
• Possible annual savings of more than $1 billion in the laundry industry
• Technology removes PFAS ('forever chemicals') by over 85%
• Bio-mechanical process eliminates effluent and need for sewage treatment
• Potential 50% energy savings and over 20% cost savings for laundry operations

Negative

• None.

News Market Reaction

-5.25%

1 alert

-5.25% News Effect

On the day this news was published, CETI declined 5.25%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

SCOTTSDALE, Ariz., Oct. 10, 2024 /PRNewswire/ -- Cyber Enviro-Tech Inc. (CETI) (OTCQB: CETI) CETI, is pleased to announce a partnership with its shareholder-based subsidiary, CETI Axenic (CAX), to pursue opportunities in the commercial laundry business. This industry, which consumes over 1.7 trillion gallons of water annually at a cost exceeding $3.5 billion, currently recycles only about 32% of the water used. With CETI's innovative water remediation systems, recycling rates can increase to over 90%, resulting in potential annual savings of more than $1 billion.

Beyond the significant water conservation benefits, CETI's offers numerous advantages over conventional wastewater cleaning methods. It provides up to 48 hours of residual disinfectant, is eco-friendly, removes PFAS ("forever chemicals") by over 85% and eliminates water softening measures. By circumventing the use of such chemicals, CETI's bio-mechanical process eliminates effluent, eliminating the need for sewage treatment. Recycling water creates a 50% energy savings by reducing the use of heat on incoming water and the demand on local water resources to lower the laundromat environmental footprint.  These combined benefits could yield over 20% in cost savings while enhancing cleaning and disinfection efficiency.

"We were pleased to be approached by a small group of CETI's shareholders who believe in our products and processes enough to drive deployment of our technologies into their respective industries. This will allow us to focus on our current markets while providing ancillary revenues to CETI.  Such revenues include a licensing fee along with a revenue sharing arrangement between both companies," said Kim D. Southworth, co-founder and CEO of Cyber Enviro-Tech, Inc.

CETI remains committed to advancing sustainable, efficient water remediation technologies and solutions for cleaning industrial wastewater and is currently focused on contaminated crude oil and sludge, consistently prioritizing cost-effective, environmentally responsible practices.

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
Scottsdale, AZ 85251
866.687.6856

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SOURCE Cyber Enviro-Tech

FAQ

What is Cyber Enviro-Tech Inc.'s (CETI) new partnership for the laundry industry?

CETI has partnered with its shareholder-based subsidiary, CETI Axenic (CAX), to pursue opportunities in the commercial laundry business, aiming to improve water recycling rates and reduce costs in the industry.

How much water does the commercial laundry industry consume annually, according to CETI?

According to CETI, the commercial laundry industry consumes over 1.7 trillion gallons of water annually at a cost exceeding $3.5 billion.

What are the potential cost savings for the laundry industry using CETI's technology?

CETI's water remediation systems could potentially save the laundry industry more than $1 billion annually by increasing water recycling rates from 32% to over 90%.

What are the key benefits of CETI's water remediation technology for the laundry industry?

CETI's technology offers up to 48 hours of residual disinfectant, is eco-friendly, removes PFAS by over 85%, eliminates effluent, reduces energy usage by 50%, and could yield over 20% in cost savings while enhancing cleaning efficiency.