American Marconi Wireless News - Cyber Enviro-Tech Announces Definitive Agreement With Air Power USA to Advance Global Clean Energy Commercialization As $45M Funding MOU Emerges Pending Consolidation of the Companies

The agreement follows the companies' previously announced exclusive discussions and is intended to accelerate the commercialization, manufacturing and deployment of Air Power USA's proprietary clean-air power generation technology.

Under the agreement, the parties intend to combine their respective operational, manufacturing and commercialization capabilities, with CETI supporting the development of a scalable U.S. manufacturing and distribution platform for Air Power USA technology.

"This agreement represents an important step forward in our strategy to build a commercially focused environmental technology company," said CEO Kim D. Southworth , Chief Executive Officer of Cyber Enviro-Tech. "Air Power USA's technology, combined with CETI's environmental platform and U.S. commercialization capabilities, creates an opportunity to pursue significant growth across multiple clean-energy applications."

Accelerating U.S. Commercialization

The companies expect the transaction to support:

• Expansion of Air Power USA technology commercialization in the United States;

• Continued development of CETI's Southern California manufacturing and operations capabilities;

• Production and deployment of clean-energy systems for commercial and industrial applications;

• Development of strategic customer and distribution relationships; and

• Additional financing and capital resources to support the Company's growth initiatives.

The parties expect to continue working toward the closing of the transaction, subject to customary closing conditions, regulatory requirements and the execution of all remaining definitive documentation, as applicable.

CETI will provide additional details regarding the transaction, including its final structure and expected closing timeline, upon completion of the applicable corporate and regulatory processes.

About Cyber Enviro-Tech, Inc.

Cyber Enviro-Tech, Inc. is an environmental technology company focused on developing and commercializing technologies designed to address water, environmental and clean-energy challenges. The Company is pursuing opportunities to deploy innovative technologies through strategic partnerships, manufacturing initiatives and commercial projects.

www.cyber-envrotech.com

About Air Power USA

Air Power USA is focused on the development and commercialization of clean-energy technology designed to provide alternative power-generation solutions for commercial and industrial applications.

www.airpowerusa.net

Forward-Looking Statements

This press release contains forward-looking statements, including statements concerning the proposed transaction, commercialization plans, manufacturing activities, financing, anticipated benefits and future business opportunities. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. The proposed transaction may not be completed on the anticipated terms or within the anticipated timeframe, or at all. Investors should review the Company's filings with the Securities and Exchange Commission for additional information concerning these and other risks.

Contact for Cyber Enviro-Tech:

Winston McKellar
Director of IR / PR
6991 E. Camelback Rd., Suite D-300
Scottsdale, AZ 85251
Phone: 866.687.6856
Website: www.cyber-envirotech.com

Air-Power USA Corporation
www.airpowerusa.net
(214) 257-7957
[email protected]

Zero-Emission Compressed Air Power + BESS Storage

Air-Power USA Corporation
www.airpowerusa.net
(214) 257-7957
[email protected]

Zero-Emission Compressed Air Power + BESS Storage

SOURCE: Cyber Enviro-Tech Inc.

View the original press release on ACCESS Newswire

O.Karlsson--AMWN