Green EnviroTech Holdings, Inc. and Schneider Electric Form Strategic Partnership
10 Novembre 2016 - 3:00PM
Marketwired
Green EnviroTech Holdings, Inc. and Schneider Electric Form
Strategic Partnership
JAMESTOWN, CA-(Marketwired - Nov 10, 2016) - Green EnviroTech
Holdings, Inc. (OTC PINK: GETH) has entered into an agreement with
Schneider Electric, a global specialist in energy management and
automation. Under the terms of the agreement, Schneider Electric
will serve as a strategic partner to Green EnviroTech, providing
complete electrical and automation services and solutions,
including design and installation services, Square D electrical
gear and Modicon M580 programmable automation controller (ePAC)
platform.
Schneider Electric develops connected technologies and solutions
to manage energy and process in ways that are safe, reliable,
efficient and sustainable.
"Schneider Electric captured my attention through their
expertise, reputation and commitment to innovation coupled with
sustainability," said Gary De Laurentiis, GETH's chairman and CEO.
"Schneider Electric shares our vision and passion for using
industrial approaches to create a more sustainable planet. They
have demonstrated great enthusiasm in their understanding of our
technology solutions. Schneider Electric's innovative technologies,
coupled with their global reach, means we will have the best
energy-management partner for our growth ambitions."
Chris Bowers, CEO of Smart Fuel Solutions, the operational arm
of GETH, added, "Having Schneider Electric as a partner is a
tremendous asset to us and our shareholders. They will not only
provide state-of-the-art energy management and process automation
solutions and services, but also remote monitoring in real time of
the performance of all of our intended processing plants. This
capability will enable us to tune all of our processing plants to
achieve best-in-class performance. We expect to reduce maintenance
costs, decrease unscheduled downtime and achieve operational
profitability sooner. It will also benefit the communities where we
locate our processing plants as we will clean up the local
environment in the most efficient way. This is a good example of
Schneider Electric's willingness to innovate at every level to help
its customers achieve important operational and sustainability
benchmarks."
Peter Martin, Ph.D., vice president, Innovation for Schneider
Electric's Process Automation business, said, "We are genuinely
thrilled to be involved with GETH because this project fits very
neatly with our commitment to sustainability. We will provide the
technology and services that help to improve the safety,
reliability and efficiency of GETH's operations; factors that will
deliver huge value to GETH and to the people who work in their
processing plants. We are looking forward to building a
long-lasting relationship with the GETH team as they launch their
mission to use industrial operations to clean up the global
environment."
Forward-Looking Statements GETH cautions that statements made in
press releases constitute forward-looking statements, and makes no
guarantees of future performance and actual results/developments
which may differ materially from projections in forward-looking
statements. Forward-looking statements are based on estimates and
opinions of management at the time statements are made.
About GreenEnviroTech Holdings Green EnviroTech Holdings, Inc.
(GETH) is a pioneer in sustainable development. Our mission is to
find and implement practical, economical solutions that will clean
up the environment. Our technologies will convert waste into
valuable products and help to protect the planet.
About Smart Fuel Solutions Smart Fuel Solutions (SFS) is an
operating company whose team has 50 years of combined experience in
the waste recycling sector and is majority owned by GETH. SFS will
be directly involved in the day-to-day operations of each
plant.
About Schneider Electric
Schneider Electric is the global specialist in energy management
and automation. With revenues of ~$30 billion in FY2015, our
160,000+ employees serve customers in over 100 countries, helping
them to manage their energy and process in ways that are safe,
reliable, efficient and sustainable. From the simplest of switches
to complex operational systems, our technology, software and
services improve the way our customers manage and automate their
operations. Our connected technologies reshape industries,
transform cities and enrich lives. At Schneider Electric, we call
this Life Is On.
For more information on GETH: www.greenenvirotech.com CONTACT
INFORMATION Public Relations and Media Contact: LCG Headquarter
Office 702.333.4886 www.lcginfo.com For more information on
Schneider Electric http://www.schneider-electric.com/ww/en/ CONTACT
INFORMATION Public Relations and Media Contact: Text100 for
Schneider Electric Robyn Douglass Tel: (212) 871-4082
robyn.douglass@text100.com
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