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Greenwave Technology Solutions, Inc. Projects $43-$45 Million Revenue in FY 2025 Driven by Market Expansion, Long-Term Contracts and Industry Demand

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Government contracts, including agreements with the U.S. Federal Government, municipalities, and contractors, drive revenue growth

Greenwave’s customers are industry giants such as Nucor Corporation, Sims Limited, Cleveland-Cliffs, Inc., and Georgia-Pacific

Expansion of Scrap App and hurricane recovery contracts position Greenwave for continued growth and leadership

Over 500,000 GWAV shares purchased by insiders in December 2024

CHESAPEAKE, Va., Dec. 30, 2024 /PRNewswire/ — Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) (“Greenwave” or the “Company”), a leading metal recycler in Virginia, North Carolina, and Ohio, today released revenue guidance of $43–$45 million for fiscal year 2025.

Market-Leading Position and Growth Catalysts:

Key Customers: Sims Metal Management alone contributes approximately $20M in scrap metal purchases annually from Greenwave.Hurricane Helene Recovery Efforts: Contract valued at $15–$35M through March 2026, with Core Tree Care related to a prime contract awarded by the U.S. Army Corps of Engineers.Steel Industry Shift: Rising demand for high-quality recycled metal, driven by U.S. steel producers targeting 97% recycled material and consolidation across the sector to meet a 16 million tons capacity increase (1)(2)(3).Domestic Market Expansion: Domestic sales projected to rise from 41% to 75% in 2025, up from 41%, fueled by anticipated tariffs and trade policies. This greatly reduces the transportation costs of its product – significantly increasing margins and free cashflow.Exclusive Licenses: Greenwave’s portfolio operational licenses, often protected by grandfathered municipal codes, provide significant barriers to entry to competitors in Greenwave’s tightly regulated markets.

Cutting-Edge Technology and Resources:

Tech Platform Expansion: Scrap App rollout to top 25 U.S. markets in 2025; comparable platforms generated $130.7M in FY 2024 (4).Rare-Earth Minerals Extraction: Leveraging geopolitical events, including China’s December 2024 export ban, to profit from domestic extraction of critical materials like gallium, germanium, and antimony (5).Strategic Location Advantages: Proximity to Naval Station Norfolk, Port of Virginia, and key industrial regions ensures consistent access to high-grade scrap.

Financial Strength:

Robust Balance Sheet: $69.58M in assets, $51.27M in shareholder equity (as of September 2024).De-risked Operations: Company reduced total liabilities by $32.56M, or 64%, during the first nine months of 2024.Scalable Business Model: An industry-leading American Pulverizer 60×85 shredder and thirteen facilities supplying high-demand recycled metals.

Positioned for Sustained Growth:

Greenwave is primed to capitalize on surging regional infrastructure investment, growing domestic market demand for a finite supply of recycled metal, and the rapid consolidation of the scrap metal industry. Its strategic initiatives, combined with over $30 million in industry-leading equipment, position the Company to rapidly grow its revenues and create shareholder value in FY 2025. 

(1) https://ionanalytics.com/insights/mergermarket/trash-to-treasure/

(2) https://assets.ctfassets.net/aax1cfbwhqog/1B2AplzfIpH2aiSws0qoNf/db895286e45c8b18e21b1f7e2496ea8d/NSLexington_Event_Fact_Sheet_4.6.22.pdf

(3) https://www.clevelandcliffs.com/sustainability/environment

(4) https://rocketreach.co/peddle-profile_b5ebd76df42e85ca

(5) https://www.reuters.com/markets/commodities/china-bans-exports-gallium-germanium-antimony-us-2024-12-03/

About Greenwave – One of the Mid Atlantic’s Leading Metal Recyclers

As an operator of 13 metal recycling facilities, Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) supplies leading steel mills and industrial conglomerates with ferrous and non-ferrous metal. With steel being one of the most recycled materials worldwide, Greenwave supplies the raw metal utilized in critical infrastructure projects and U.S. warships vital to American national security interests. Headquartered in Chesapeake, VA, the Company has 167 employees with metal recycling operations across Virginia, North Carolina, and Ohio.

For detailed financials and updates, visit www.GWAV.com.

Forward-looking Statements
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These include, without limitation, statements about its revenue growth, opening of additional locations, margin expansion and cashflow projections. These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although the Company believes that its plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, the Company can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond the Company’s control), assumptions and other factors that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for the Company’s common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company’s filings with the SEC. Except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

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SOURCE Greenwave Technology Solutions

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Financial Crime Compliance Expert Tracy Angulo Joins Treliant as Managing Director for Financial Crimes and Fraud Solutions

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January 8, 2025

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WASHINGTON, Jan. 8, 2025 /PRNewswire/ — Treliant, an essential consulting partner to the global financial services industry, has named Tracy Angulo as Managing Director with the firm’s Financial Crimes and Fraud Solutions team. Her appointment reflects Treliant’s commitment to helping financial institutions, fintechs, and cryptocurrency businesses prevent money laundering and terrorist financing, establish risk resilience in their programs and preserve operational efficiency.

Tracy has over 20 years’ experience in financial crime compliance, most recently as a Director at Guidehouse Inc. There, she served in critical roles guiding clients in building and enhancing their Bank Secrecy Act/Anti-Money Laundering (BSA/AML) obligations. She has also served as the Acting Global KYC/Customer Onboarding Director for a top cryptocurrency exchange, the Acting Deputy BSA/AML Officer for a U.S. based fintech, and Acting Manager of the financial intelligence unit for a large trust company and broker-dealer. Tracy also was a Principal Attorney Investigator with the Financial Industry Regulatory Authority (FINRA) where she led complex financial crime investigations into AML violations, securities fraud, Ponzi schemes, insider trading, market manipulation, and fraudulent securities offerings.

“Our clients are under relentless pressure to stay ahead of evolving financial crimes, with bad actors continuously targeting financial institutions, fintechs, and digital asset companies,” said John Arvanitis, Senior Managing Director, Financial Crimes and Fraud Solutions. “Tracy’s unmatched expertise—combining frontline experience, advisory insight, and a regulator’s precision—equips our clients to tackle threats head-on and protect their enterprises with confidence.”

“Our industry is at a turning point, with financial crimes growing in scale and sophistication, putting businesses and their reputations at greater risk,” said Tracy. “My focus is on helping our clients build resilient, future-ready programs that not only meet regulatory expectations but also instill trust and confidence in their stakeholders. By leveraging deep industry knowledge and a proactive approach, we can equip organizations to stay ahead of threats and succeed in an increasingly complex landscape.”

About Treliant

Treliant is an essential consulting firm serving banks, fintechs, mortgage originators, and servicers, and other companies providing financial services globally. We are led by practitioners from the industry and the regulatory community who bring deep domain knowledge to help our clients drive business change and address the most pressing compliance, regulatory, and operational challenges.

We provide data-driven, technology-enabled consulting, implementation, staffing, and managed services solutions to the financial crimes, regulatory compliance, risk, credit, and capital markets functions of our clients.

Founded in 2005, Treliant is headquartered in Washington, DC, with offices across the United States, Europe, and Asia. To learn more visit www.treliant.com.

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Duda Among the 100 Best Startups and Tech Companies to Work For in the U.S.

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January 8, 2025

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The web building platform for digital agencies, SaaS platforms, and web professionals was recognized by Built In’s 2025 Best Places to Work Awards.

BOULDER, Colo., Jan. 8, 2025 /PRNewswire/ — Built In today announced that Duda, the leading white label website building platform for agencies and web professionals serving small and medium-sized businesses (SMBs), was honored in its 2025 Best Places To Work Awards. Duda earned a place on the following lists:

100 Best U.S. Companies to Work For in 2025100 Best U.S. Midsize Companies to Work For in 2025100 Best Places to Work in Colorado in 2025100 Best Midsize Places to Work in Colorado in 2025

The annual awards program includes companies of all sizes, from startups to those in the enterprise, and honors both remote-first employers as well as companies in large tech markets across the U.S.

“We’re thrilled to be named one of the best places to work in the U.S. by Built In,” says Itai Sadan, co-founder and CEO of Duda. “By promoting company values such as openness, care and growth, and providing employees with opportunities to work on cutting-edge innovation, including AI for digital web presence generation, we cultivate a strong work culture and environment where employees feel constantly challenged, inspired, and able to grow their careers.”

Built In determines the winners of Best Places to Work based on an algorithm, using company data about compensation and benefits. To reflect the benefits candidates are searching for more frequently on Built In, the program also weighs criteria like remote and flexible work opportunities, programs for DEI and other people-first cultural offerings. 

As a global company with teams in the U.S., Israel, Canada, UK, Brazil, and the Philippines, Duda strives to provide an encouraging, collaborative, and fulfilling culture for all team members. Employees thrive in a hybrid environment that combines remote and on-site work and promotes connection, teamwork, and personal growth. “At Duda, our team members are empowered to make a meaningful impact by working closely with customers, solving complex challenges, and driving innovation. This meaningful work, coupled with our commitment to career development, enables our people to excel while maintaining a healthy work-life balance and overall wellbeing,” says Steven Carroll, VP of People & Talent at Duda.

“Being recognized as a Best Place to Work is a testament to these companies’ commitment to building a workplace where individuals and innovation thrive,” says Built In CEO and Founder, Maria Christopoulos Katris. “At Built In, we understand that great companies are powered by great teams, and this achievement showcases their dedication to fostering a culture of growth, inclusivity, and excellence. Congratulations on this well-deserved honor.”

About Duda   
Duda is a leading white label web building platform for digital agencies, SaaS platforms, and web professionals offering web design services to SMBs. From its industry-leading AI Assistant to advanced API-driven automation workflows, Duda offers web professionals a comprehensive suite of tools to build pixel-perfect, feature-rich websites efficiently and at scale–all on a flexible platform that can be fully customized to match their go-to-market strategy and ideal customer experience. As the top platform for Core Web Vitals, a critical metric for SEO performance, Duda makes it easy for web professionals to deliver a superior digital presence and outstanding performance to their customers under their own brand. More than 20,000 organizations have trusted Duda to build 1 million active websites. For more information, visit www.duda.co.

About Built In   
Built In is the “always on” recruiting platform that reaches the tech professionals that other leading recruiting platforms don’t. Designed to help companies hire expert tech talent, Built In continuously drives brand awareness with content. Monthly, millions of the industry’s most in-demand global tech professionals visit our site to stay ahead of tech trends and news, learn skills to accelerate their careers, find the right job opportunities and get hired. Thousands of companies, from fast-growing startups to the largest enterprises rely on Built In. By putting their stories in front of our uniquely engaged audience, we help them hire otherwise hard-to-reach technical and expert talent. www.builtin.com

About Built In’s Best Places to Work   
Built In’s annual Best Places to Work program honors companies with the best total rewards packages across the U.S. and in the following tech hubs: Atlanta, Austin, Boston, Chicago, Colorado, Dallas, Houston, Los Angeles, Miami, New York, San Diego, San Francisco, Seattle and Washington DC. Best Places to Work is distinct because its algorithm selects tech companies that build their offerings specifically around what tech professionals value in a workplace. https://employers.builtin.com/best-places-to-work

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AIMA Unveils Game-Changing 2025 eBike Lineup at CES: Better Performance, More Freedom

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January 8, 2025

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LAS VEGAS, Jan. 8, 2025 /PRNewswire/ — AIMA Technology Group (https://www.aimatech.com/), a global leader in sustainable mobility, is proud to unveil its groundbreaking 2025 eBike lineup at CES 2025. This launch represents a pivotal step in the evolution of sustainable transportation, with a collection designed to redefine performance, style, and freedom for riders worldwide.

AIMA’s New Brand Proposition: “Better Performance, More Freedom”

AIMA’s 2025 strategy is defined by its new brand proposition: “Better Performance, More Freedom.” This philosophy underscores the company’s commitment to delivering innovative products, empowering riders, and fostering stronger dealer partnerships.

Better Performance: Engineered for advanced functionality, exceptional durability, and effortless usability, AIMA’s eBikes ensure every ride exceeds expectations.More Freedom: Riders enjoy seamless exploration and sustainable living, while dealers benefit from unparalleled growth opportunities.

AIMA’s Vision for 2025

AIMA’s 2025 roadmap focuses on four strategic pillars to elevate the eMobility experience:

Continuing dealer-focusing strategy and expanding the Dealer Network: Partnering with independent bike shops to bring premium eBikes closer to communities.Strengthening Product Competitiveness: Leading the sub $2,000 eBike category with innovative, affordable offerings.Enhancing Customer Engagement: Creating interactive experiences such as demo rides and Ebike educational material.Unveiling New Models: Launching diverse eBikes for urban commuters and off-road adventurers alike.

The Lexus of eBikes 

AIMA has earned the title “The Lexus of E-Bikes” for its premium design and unmatched performance. Clint Hough of Trick Ebikes in California praises AIMA’s seamless blend of manufacturing expertise, stringent quality control, and forward-thinking innovation.

2025 Product Highlights

AIMA’s 2025 lineup introduces eight new models and three upgraded designs, each tailored to meet diverse rider needs:

Key West: Sleek and ergonomic, perfect for city commuters.Venice: A Rizoma collaboration featuring futuristic aesthetics and practicality.Manhattan: A folding eBike designed for seamless urban mobility.Rocky: A rugged eMTB for outdoor enthusiasts.Also a new key model to be unveiled on January 8 at the CES: Built with unmatched durability and power, this all-terrain eBike lives up to the slogan “Built Like a Tank.”

Angela Zheng, CEO of AIMA E-Bike, shared, “Our 2025 eBike lineup blends performance, functionality, and commuter elegance. These eBikes are designed for everyone—from urban commuters to weekend adventurers—highlighting our commitment to innovation, quality, and sustainability. Collaborations with pioneers like Rizoma, Bafang, and Rob Janoff have ensured that every model offers a unique, premium experience.”

Pioneering collaborations:

Rizoma: Known for precision engineering and premium materials, Rizoma brought innovative Italian design concepts to the Venice eBike.Bafang: A leader in e-mobility electrical system, Bafang’s motors power AIMA’s eBikes with unmatched efficiency and reliability.Rob Janoff: The iconic designer behind the Apple logo crafted AIMA’s modern and sleek brand identity, reinforcing its premium image.

Innovative Features

AIMA’s eBikes deliver an unparalleled riding experience with cutting-edge advancements:

Enhanced Battery Technology: Lightweight, long-range batteries provide greater freedom for exploration.High-Performance Motors: Powered by AIMA’s trusted partner, Bafang, these efficient and reliable motors ensure smooth and effortless rides, even on challenging terrains.Safety First: Equipped with hydraulic disc brakes and intelligent torque sensors, AIMA eBikes offer superior control and stability.Ergonomic Design: Rider-centric designs prioritize comfort and accessibility for an exceptional experience.

Shaping the Future of Electric Mobility 

From the rugged versatility of the Rocky to the sleek sophistication of the Manhattan, AIMA’s 2025 eBike lineup reflects a commitment to creating a greener, connected future. Every model empowers riders to explore confidently and sustainably. In 2025, NBDA recognizes AIMA as the “Best IBD Partner” as its dealer-first approach is a game-changer for independent bike shops, fostering trust and expertise in communities.

Visit AIMA at CES 2025 

Join AIMA at Booth 10947 in the North Hall of the Las Vegas Convention Center to experience the 2025 lineup firsthand. Discover why AIMA sets the gold standard in eMobility and paves the way for sustainable transportation.

Special Invitation: January 8 Product Launch Event Don’t miss AIMA’s exclusive product launch event on January 8, 2025, at 11:00 AM. Be among the first to witness the unveiling of our latest groundbreaking eBike model and explore the future of sustainable mobility.

About AIMA E-Bike

AIMA E-Bike leads the industry in sustainable electric mobility, delivering high-quality eBikes tailored to riders seeking style, performance, and reliability. Through continuous innovation and collaboration, AIMA is transforming the way people move, making mobility greener, smarter, and more connected.

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SOURCE AIMA EBikes

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