Business
CGE Energy and Subsidiary Aradatum Issue Shareholder Letter Update December 2021
CGE Energy and Subsidiary Aradatum Issue Shareholder Letter Update December 2021.
About this update from Cge Energy, Inc.
[{"type":"text","content":"\n BRIGHTON, Mich, Dec. 21, 2021 (GLOBE NEWSWIRE) -- CGE Energy, Inc. (OTC: CGEI) today issued the following shareholder letter from its President and Chief Executive Officer, Bryan Zaplitny. Dear CGE Energy Shareholders and Partners: As we close out 2021, it is now time to summarize our recent business developments, significant year-to-date achievements, and provide some insight into the strategic direction of CGE Energy and our subsidiary, Aradatum, for 2022 and beyond. As a collective company, we have been on a journey to reinvent self-powered infrastructure and to create a more connected and greener world for everyone, all while creating long-term shareholder value with holdings and assets. For years, we have been developing our business plan. This year, we have been executing our plan and making many strategic moves behind the scenes, many of which we are not ready to disclose publicly until the proper time. In 2021, we raised seed equity capital from multiple investors to fund the growth of the organization and Aradatum. With the dedicated funding, we will continue to execute engineering, manufacturing and the installation of the initial pilot towers. In November, the most recent phase of our engineering was completed. Our engineering team has expanded to multiple world-renowned partners. Details on these advancements will be further expanded upon in the new year. We kicked off the next stage of our marketing and public relations programs which takes us from brand development to initial market penetration. Expect a new video and updates to the website in early 2022. Our PR outreach recently landed us coverage in Inside Towers. As discussed in the article, Aradatum has four pilot tower sites identified. These sites, as well as others not mentioned, represent a good variety of geographic locations with real communication and connectivity problems to be solved, tangible customer needs, and rugged locations to display the advantages of our product to establish us as essential infrastructure for closing the gap on ubiquitous coverage. Together, these pilot sites will enable us to further solidify multiple business models with multiple customer verticals. In November, the U.S. House of Representatives passed a $1.2 trillion bipartisan infrastructure bill, earmarking billions of dollars for broadband, electric vehicles, and clean...