COSTA MESA, Calif., Feb. 9, 2016 /PRNewswire/ -- As of the date of this release Clean Energy Technologies, Inc. (OTC : CETY), is pleased to announce that the Financial Industry Regulatory Authority ("FINRA") has approved the name change of the company from Probe Manufacturing, Inc. to Clean Energy Technologies, Inc. and change of stock ticker symbol to "CETY".
"The company name change was implemented to more closely and accurately associate the Company's name with the Company's current and future business focus," said Kam Mahdi, CEO of Clean Energy Technologies. "With this milestone behind us, we can be focused on expanding our Clean Energy Heat Recovery Solution business and maximizing shareholder value."
The Company's recent acquisition of Heat Recovery Solutions assets, patents & licenses from General Electric International Inc. will serve as the foundation of the Company's new focus on clean energy and environmentally sustainable technologies.
The GE's Heat Recovery Solutions system captures waste heat from a variety of sources and turns it into electricity that users can use or sell back to the grid.
"We believe acquiring a proven, proprietary clean technology product that we can offer worldwide to a significant addressable market solidifies the Company's strategy to be a clean energy technology solutions provider," said Kam Mahdi.
About Clean Energy Technologies, Inc.
Clean Energy Technologies, Inc. designs, builds and markets clean energy products focused on energy efficiency and environmentally sustainable technologies. The Company's principal product is the Clean CycleTM generator, offered by Heat Recovery Solutions, or HRS www.heatrecoverysolutions.com. The Company's engineering and manufacturing resources support its heat recovery solutions business, as well as continuing to support other Clean Energy emerging growth companies with their technologies. CETI is positioned to become a worldwide leader in ever expanding energy efficiency market. Headquartered in Costa Mesa, California, the Company's common stock is currently traded on the OTC Market under the symbol CETY. For more information, visit www.ceti.io or www.heatrecoverysolutions.com.
This release contains certain forward-looking statements (under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements. These risks, uncertainties and contingencies include, but are not limited to, the following: uncertainties relating to changes in general economic and market conditions; uncertainties relating to technology performance; uncertainties relating to market acceptance and adoption of the Company's products and competitive products; uncertainties and liabilities relating to the acquisition of business assets, technologies or companies; and other risk factors as outlined in the Company's periodic reports, as filed with the U.S. Securities and Exchange Commission. Forward-looking statements in this document speak only as of the date on which such statements were made, and we undertake no obligation to update any such statements that may become untrue because of subsequent events.
SOURCE Clean Energy Technologies, Inc.