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Technology Solutions (CNTM) wins added $1M Greentech heat pump order, lifting total to $3.6M

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(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Technology Solutions, Inc. reported that Greentech Renewables placed an additional $1 million purchase order for Keen high-efficiency heat pumps and related smart controls from its Keen Labs subsidiary. This new order brings total cumulative commitments between the parties to approximately $3.6 million.

The cumulative figure includes a $1.7 million initial purchase order announced on November 10, 2025 and an $865,000 follow-on order announced on January 27, 2026. The products support high-efficiency, all-electric heating and cooling for residential and light commercial customers, aligning with growing electrification and distributed energy trends.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): March 12, 2026

 

ConnectM Technology Solutions, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware   001-41389   87-2898342
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)

 

2 Mount Royal Avenue, Suite 550
Marlborough
, Massachusetts
  01752
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code:(617)395-1333

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading
Symbol(s)
  Name of each exchange on which registered
N/A   N/A   N/A

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b- 2 of this chapter).

 

Emerging growth company x

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

Item 7.01. Regulation FD Disclosure.

 

On March 12, 2026, ConnectM Technology Solutions, Inc., (the “Company”) announced by press release that, Greentech Renewables has placed an additional $1 million purchase order for Keen high-efficiency heat pumps and related smart controls developed by Keen Labs, ConnectM’s AI and technology subsidiary. The order, placed through Greentech Renewables Danbury, increases the parties’ cumulative commitments to approximately $3.6 million, inclusive of the $1.7 million initial purchase order announced on November 10, 2025 and the $865,000 follow-on order announced on January 27, 2026.

 

The press release is furnished herewith as Exhibit 99.1 and is incorporated by reference herein. The information contained in the press release is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that Section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit
No.
  Description
     
99.1   Press release issued by the registrant on March 12, 2026.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: March 12, 2026

 

ConnectM Technology Solutions, Inc.
   
By: /s/ Bhaskar Panigrahi  
Name: Bhaskar Panigrahi  
Title: Chief Executive Officer  

 

 

 

 

Exhibit 99.1 

 

ConnectM Expands Greentech Renewables Relationship
With Cumulative Commitments Now Exceeding $3.6 Million

  

MARLBOROUGH, Mass., March 12, 2026 (GLOBE NEWSWIRE) — ConnectM Technology Solutions, Inc. (OTC: CNTM) (“ConnectM” or the “Company”) today announced that Greentech Renewables has placed an additional $1 million purchase order for Keen high-efficiency heat pumps and related smart controls developed by Keen Labs, ConnectM’s AI and technology subsidiary. The order, placed through Greentech Renewables Danbury, increases the parties’ cumulative commitments to approximately $3.6 million, inclusive of the $1.7 million initial purchase order announced on November 10, 2025 and the $865,000 follow-on order announced on January 27, 2026.

 

The order includes Keen Labs’ industry-leading smart heat pumps, designed to support high-efficiency residential and light commercial heating and cooling needs.

 

“Contractors in our region are seeing accelerating demand for high-efficiency, all-electric heating solutions,” said Rick Flannery, Profit Center Manager at Greentech Renewables Danbury. “Keen Heat Pumps integrate seamlessly with the solar, storage, and electrical projects our contractors already deliver. The product performance and technical support from ConnectM make it easier for contractors to execute electrification projects efficiently, which is why we continue to expand our orders.”

 

“This latest order highlights the momentum we are building with Greentech Renewables and demonstrates the growing demand for Keen Labs’ heat pump technology through leading distribution partners,” said John Pitcavage, Head of Keen Labs. “Greentech’s large contractor network and nationwide footprint provide an important platform for scaling adoption of high-efficiency heat pump solutions as electrification trends accelerate.”

 

About ConnectM Technology Solutions, Inc.

 

ConnectM is a constellation of technology-driven businesses powering the modern energy economy. Through its Owned Service Network, Managed Solutions, Logistics, and Transportation segments, the Company delivers AI-powered electrification, distributed energy, last-mile delivery, and industrial IoT solutions to customers worldwide. For more information, visit www.connectm.com.

 

About Keen Labs

 

Keen Labs, a wholly owned technology subsidiary of ConnectM, develops the AI, control and energy intelligence platforms that underpin the Company’s solutions. Keen Labs’ portfolio includes industrial IoT hardware, the Hi-C™ line of hybrid energy storage systems, the Hi-ETM line of Lithium Iron Phosphate long duration and VPP enabling storage systems, smart heat pumps, and connected vehicle technologies, all integrated through its software platform to optimize performance across fleets, facilities and distributed energy assets. For more information, visit www.keenlabs.ai.

 

 

 

 

About Greentech Renewables

 

Greentech Renewables is a leading U.S. distributor of solar and electrical products, providing contractors with logistics, warehouse support, design services, and project financing across more than 100 locations nationwide.

 

Cautionary Note Regarding Forward-Looking Statements

 

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). We have based these forward-looking statements on our current expectations and projections about future events. All statements, other than statements of present or historical fact included in this press release, regarding our future financial performance and our strategy, expansion plans, future operations, future operating results, estimated revenues, losses, projected costs, prospects, plans and objectives of management are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “continue,” “project” or the negative of such terms or other similar expressions. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. We caution you that the forward-looking statements contained herein are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. In addition, we caution you that the forward-looking statements regarding the Company contained in this press release are subject to the risks and uncertainties described in the “Cautionary Note Regarding Forward-Looking Statements” section of our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q that we file with the Securities and Exchange Commission. Such filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and ConnectM is under no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

 

Investor Relations

 

ConnectM Technology Solutions, Inc.

+1 617-395-1333

irpr@connectm.com 

 

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FAQ

What did Technology Solutions, Inc. (CNTM) announce in this 8-K filing?

Technology Solutions announced that Greentech Renewables placed an additional $1 million purchase order for Keen Labs’ high-efficiency heat pumps and smart controls, increasing their cumulative commitments to approximately $3.6 million for these electrification-focused heating and cooling solutions.

How much business has Greentech Renewables committed to Technology Solutions (CNTM) in total?

Greentech Renewables’ cumulative commitments to Technology Solutions total about $3.6 million. This includes a $1.7 million initial order, an $865,000 follow-on order, and the latest $1 million purchase order for Keen Labs’ smart heat pumps and controls.

What products is Greentech Renewables buying from Technology Solutions (CNTM)?

Greentech Renewables is purchasing Keen Labs’ high-efficiency smart heat pumps and related smart controls. These systems are designed for residential and light commercial heating and cooling, integrating with solar, storage, and electrical projects to support all-electric, energy-efficient installations.

Why is the Greentech Renewables relationship important for Technology Solutions (CNTM)?

The relationship gives Technology Solutions access to Greentech’s large contractor network and nationwide footprint. This distribution reach supports broader adoption of Keen Labs’ high-efficiency heat pump technology as electrification trends expand in residential and light commercial energy markets.

What role does Keen Labs play within Technology Solutions, Inc. (CNTM)?

Keen Labs is a wholly owned technology subsidiary that develops AI, control, and energy intelligence platforms. Its portfolio includes industrial IoT hardware, hybrid and long-duration energy storage systems, smart heat pumps, and connected vehicle technologies integrated through software to optimize distributed energy and fleet assets.

How does Technology Solutions (CNTM) describe its overall business focus?

Technology Solutions describes itself as a constellation of technology-driven businesses serving the modern energy economy. Through its Owned Service Network, Managed Solutions, Logistics, and Transportation segments, it delivers AI-powered electrification, distributed energy, last-mile delivery, and industrial IoT solutions worldwide.

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Connectm Technology Solutions Inc

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Software - Application
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United States
MARLBOROUGH