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CGE Energy Announces Revised Go-Forward Plan With Aradatum

CGE Energy Announces Revised Go-Forward Plan With Aradatum

CGE Energy宣布与Aradatum一起修订后的推进计划
GlobeNewswire ·  2022/10/11 17:35

BRIGHTON, Mich, Oct. 11, 2022 (GLOBE NEWSWIRE) -- CGE Energy, Inc. ("CGE", OTC: CGEI) is pleased to announce that yesterday its Board of Directors unanimously approved a revised go-forward plan for its wholly-owned subsidiary, Aradatum, Inc. – continuing acceleration of the development and promotion of the world's first self-powered macro cell tower. After further discussion with its legal and financial consultants, CGE determined to delay immediate plans to merge CGE into a subsidiary of Aradatum, and instead to move forward with activities designed to enhance Aradatum's operations.

密歇根州布莱顿,2022年10月11日(GLOBE NEWSWIRE)——CGE Energy, Inc.(“CGE”,场外交易代码:CGEI)欣然宣布,其董事会昨天一致批准了其全资子公司Aradatum, Inc. 的修订版未来计划,即继续加快世界上第一座自供电大型蜂窝塔的开发和推广。在与法律和财务顾问进一步讨论后,CGE决定推迟立即将CGE合并为Aradatum子公司的计划,而是继续开展旨在加强Aradatum业务的活动。

To that end, CGE's Board of Directors elected a new board for Aradatum, comprised of: Bruce Bruinsma, Bryan Zaplitny, Craig Hancock, Gary Westerholm, Harold Telners, Kevin Cook, Larry Leete, Mark Cecil, Michael Pollakowsi, Paul Schneider, and William Naubert. In addition, Bryan Zaplitny was affirmed as Chairman of Aradatum's Board of Directors and CEO, with Larry Leete affirmed as President, Jason Abel as Chief Operating Officer and General Council, and Paul Schneider as Secretary.

为此,CGE董事会选举了Aradatum的新董事会,包括:布鲁斯·布鲁因斯玛、布莱恩·扎普利特尼、克雷格·汉考克、加里·韦斯特霍尔姆、哈罗德·特尔纳斯、凯文·库克、拉里·利特、马克·塞西尔、迈克尔·波拉科西、保罗·施耐德和威廉·瑙伯特。此外,布莱恩·扎普利特尼被确认为阿拉达图姆董事会主席兼首席执行官,拉里·利特被确认为总裁,杰森·亚伯被确认为首席运营官兼总理事会,保罗·施耐德被确认为秘书。

In addition, consistent with its long-term strategic plan, including focusing primarily on the operational and investment activity of Aradatum, CGE confirmed that it will no longer be supporting the OTC Pink market, which the Company does not consider placing an accurate valuation on Aradatum. The Company has determined that continued listing on OTC Pink market is not in the best interest of the Company and its shareholders. CGE will continue to explore alternative options to the OTC Pink market in the future as well as update shareholders of revised merger timing.

此外,根据其长期战略计划,包括主要关注Aradatum的运营和投资活动,CGE确认将不再支持场外交易粉红市场,该公司不考虑对Aradatum进行准确的估值。该公司已确定,继续在OTC Pink市场上市不符合公司及其股东的最大利益。CGE未来将继续探索OTC Pink市场的替代方案,并向股东通报修订后的合并时机。

About CGE Energy, Inc.

关于 CGE Energy, Inc.

CGE Energy, Inc. is a holding company with two wholly owned subsidiaries, Aradatum, Inc. and Clean Green Energy, Inc.

CGE Energy, Inc. 是一家控股公司,拥有两家全资子公司,即Aradatum, Inc.和Clean Green Energy, Inc.

About Aradatum, Inc.

关于 Aradatum, Inc.

Aradatum is a technology company that created the world's first self-powered macro cell tower that you can place literally anywhere. Aradatum creates the infrastructure to solve geographic and power challenges caused by the limited reach of next-generation wireless networks. The towers provide secure and instantaneous communication for telecommunications and network infrastructure equipment running advanced applications for 5G, private networks and edge computing.

Aradatum 是一家科技公司,它创造了世界上第一个自供电的宏基站塔,你可以将其放置在任何地方。Aradatum 创建基础设施以解决下一代无线网络覆盖范围有限所造成的地理和电力挑战。这些塔为运行 5G、专用网络和边缘计算高级应用程序的电信和网络基础设施设备提供安全、即时的通信。

About Clean Green Energy, Inc.

关于清洁绿色能源公司

Clean Green Energy, Inc. develops long-term energy projects that solve the unique energy challenges of its commercial, municipal and nonprofit customers. The Company provides both services and products that enable its customers to reduce their energy consumption; lower their upfront, operating and maintenance costs; and generate environmental benefits.

Clean Green Energy, Inc. 开发长期能源项目,以解决其商业、市政和非营利性客户面临的独特能源挑战。该公司提供服务和产品,使客户能够减少能耗;降低前期、运营和维护成本;并产生环境效益。

Press Release Contacts
CGE Energy, Inc.
Paul Schneider, VP Marketing
248-446-1344
pschneider@cgeenergy.com

新闻稿联系人
CGE Energy, Inc.
保罗·施耐德,营销副总裁
248-446-1344
pschneider@cgeenergy.com

This release may contain "forward-looking statements" that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by certain words or phrases such as "may", "will", "aim", "will likely result", "believe", "expect", "will continue", "anticipate", "estimate", "intend", "plan", "contemplate", "seek to", "future", "objective", "goal", "project", "should", "will pursue" and similar expressions or variations of such expressions. These forward-looking statements reflect the Company's current expectations about its future plans and performance. All forward-looking statements included in this release are based on information available to us on the date hereof and speak only as of the date hereof. We undertake no obligation to update or revise publicly any forward-looking statements. Actual results may differ materially from those projected in the forward-looking statements.

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