CarbonMeta Technologies, Inc. Announces Six Figure Revenues From Spin-Off Company

Summary: CarbonMeta Technologies, Inc. COWI, a resource reclamation R&D company, announces a company they helped develop, Carbon Conversion Group, Inc., has received $600,000 in revenues from the sale of solar panels and EarthCrete pavers. 

CarbonMeta Technologies, Inc, a resource reclamation company, announces a company they helped develop, Carbon Conversion Group, Inc., has received $600,000 in revenues from the sale of solar panels and EarthCrete pavers. 

The revenues come on the heels of a $6 million dollar subsidiary that CarbonMeta Technologies was awarded in a contract to deliver over 24,000 solar panels and 40,000 EarthCrete Pavers in Silt, Colorado as part of a joint venture with CarbonMeta Green Building Materials and Salvum Corporation. 

CarbonMeta Technologies focuses on researching and developing green technologies that can then be used to help develop a new company, which CarbonMeta Technologies will support. The company is announcing that they will be owning shares of Carbon Conversion Group (CCG), and CCG will be a publicly traded company that is available for investors to buy shares in. 

Lloyd Spencer, CEO of CarbonMeta Technologies, says the company is presenting high value for investors and shareholders. 

“CarbonMeta Technologies is going to be a significant shareholder of CCG, so it will be able to benefit CarbonMeta’s shareholders through equity, which they can then use to fund research and development projects,” says Spencer. 

Shareholders of CarbonMeta Technologies will receive one common share of CCG stock for every 3,000 shares of CarbonMeta Technologies common stock owned on the record date of June 23, 2023. 

According to Spencer, the company started off as a project between him and his colleagues to build a research and development company. To achieve this they would adopt and license key research from universities and present it to companies who could use it on the commercial market. As Spencer and his colleagues began working with clients in the United States, he created the joint venture CarbonMeta Green Building Materials. 

Currently, CarbonMeta Technologies is focusing on commercializing technologies that generate sustainable hydrogen gas, high value carbon products. According to Spencer, the company prioritizes the development of technologies and solutions for processing organic waste into usable carbon products. In addition, CarbonMeta Technologies prioritizes plastic waste upcycling that can help reduce the flow of plastic into the natural environment. 

“CarbonMeta Technologies is an incubator that either grows technology to earn revenues or it develops a new technology and helps build a company using that new technology, all of which are sustainable and are helping to reduce the impact of climate change,” says Spencer. 

Media Contact

Name: Mark Duiker

Email: investor@carbonmetatech.com

This post was authored by an external contributor and does not represent Benzinga's opinions and has not been edited for content. The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice. Benzinga does not make any recommendation to buy or sell any security or any representation about the financial condition of any company.