Investor Alert

Sept. 20, 2022, 5:36 p.m. EDT

Cleantek Industries Inc. Announces Management Changes

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Calgary, Alberta, Sep 20, 2022 (Newsfile Corp via COMTEX) -- Calgary, Alberta--(Newsfile Corp. - September 20, 2022) - Cleantek Industries Inc. /zigman2/quotes/200499473/delayed CA:CTEK +7.14% (" Cleantek " or the " Company ") today announced the departure of its Chief Operating Officer, Jay McNeil, to pursue an opportunity outside of the Energy industry. Mr. McNeil has agreed to support the transition of his responsibilities to Cleantek's management team while a suitable replacement is found.

Cleantek Chief Executive Officer, Matt Gowanlock, commented, "Jay has accepted a position with a Calgary-based professional sports organization. I feel strongly that we have the depth within our organization and our team is prepared to step up and continue to deliver focused results on our corporate strategy as we help more clients reduce costs in their operations while improving their environmental performance. We wish Jay all the best in his new role and will immediately start a search to seek out a replacement."

About Cleantek

Cleantek is a clean energy technology company focused on innovative site-based solutions that reduce the environmental footprint and operating cost of industrial operations across North America. Cleantek has developed and commercialized its patented wastewater dehydration technology, the ZeroE™, which it rents to its customers for use at gas processing facilities and drilling rigs to materially reduce wastewater volumes and the cost and footprint of managing those volumes. Cleantek's ZeroE™ technology separates wastewater into (i) clean water which is evaporated and returned to the natural hydrological cycle and (ii) concentrated brine which is disposed of using traditional means. The ZeroE™ technology is powered by the waste heat generated from the engine exhaust of gas plants and drilling rigs. Complimenting Cleantek's ZeroE™ technology is a suite of low carbon LED Lighting & Optics systems including its patented Solar Hybrid lighting systems and HALO™ Crown mounted lighting systems.

Forward-Looking Statements

This news release contains certain "forward looking statements" including, for example, statements relating to expected Cleantek's revenue and margin growth, the expected deployment of the Company's assets and financial position. Such forward-looking statements involve risks and uncertainties, both known and unknown. The results or events depicted in these forward-looking statements may differ materially from actual results or events. In addition to other factors and assumptions which may be identified herein, assumptions have been made regarding and are implicit in, among other things: progress and outcome(s) of the ongoing litigations relating to Intellectual Property, receipt of regulatory approvals, the state of the capital markets, the state of market fundamentals, the ability of the Company to successfully manage the risks inherent in pursuing business opportunities in the oilfield services industry, and the ability of the Company to obtain qualified staff, equipment and services in a timely and cost efficient manner to develop its business. Any forward-looking statement reflects information available to Cleantek as of the date of this news release and, except as may be required by applicable securities laws, Cleantek disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

For more information, please contact:

Matt Gowanlock, President & Chief Executive Officer
E-mail: mgowanlock@cleantekinc.com

Orson Ross, Chief Financial Officer
E-mail: oross@cleantekinc.com

Cleantek Industries Inc.
Tel: 403-567-8700

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137878


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CA : Canada: TSX Venture
$ 0.30
+0.02 +7.14%
Volume: 74,500
Dec. 2, 2022 10:21a
P/E Ratio
Dividend Yield
Market Cap
$5.82 million
Rev. per Employee

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