Bitech Applied sciences Declares Shareholder Replace on Its New Enterprise Technique

Bitech Applied sciences Company

Bitech Applied sciences Company

Evirontek Integrated Platform

Evirontek Built-in Platform

Costa Mesa, CA, Aug. 03, 2022 (GLOBE NEWSWIRE) — Bitech Applied sciences Company [OTCQB: BTTC] (the “Firm”), a worldwide know-how resolution supplier devoted to offering a set of inexperienced vitality options with a spotlight in cryptocurrency mining, knowledge facilities and different renewable vitality initiatives at present declares developments reshaping its enterprise technique for accelerated development within the inexperienced vitality market.

Business Background

In accordance with Priority Analysis, the worldwide renewable vitality market dimension is anticipated to price round $1.998 trillion by 2030 and rising at a CAGR of 8.6% from 2022 to 2030. The rising authorities and company investments in the direction of the adoption and deployment of the renewable vitality sources within the industrial and industrial sectors is driving the expansion of the renewable vitality market. The rising technological developments are fueling the demand for the renewable vitality sources as the prices of the renewable vitality are declining.1

The cryptocurrency mining market was valued at $2.285 trillion in 2021 and is anticipated to achieve $5.293 trillion by 2028 with a CAGR of 28.5% over the forecast interval, as reported by Model Essence Market Analysis in July 2022. 2 Although the trade may be very massive, main cryptocurrency costs have just lately fallen to report lows whereas the value of vitality is peaking. Except miners have entry to low-cost electrical energy, they’re now dealing with issue from two instructions – excessive vitality prices and decrease income for producing main cryptocurrencies like Bitcoin and Ethereum.

The Firm’s administration workforce attended the 2022 Mining Disrupt Convention final week in Miami, Florida to discover new alternatives and reshape its enterprise technique. Through the course of our company growth, the Firm’s administration workforce has envisioned that its development plan must be executed in 4 pillars of development as under:

1) IP Portfolio Development Plan

As we purpose to repeatedly evolve in our inexperienced vitality know-how route, the Firm plans to reinforce its mental property portfolio in varied progressive renewable vitality options exterior of the preliminary Tesdison know-how software for the cryptocurrency mining sector. The first focus of our analysis and growth can be innovating and growing new know-how options to be relevant not just for cryptocurrency mining but additionally for electrical car infrastructure, and residential/industrial utility companies. We additionally actively search globally interesting applied sciences within the space of renewable vitality to accumulate or accomplice with and commercialize these applied sciences through our working partnership with CleanTek Enterprise Capital (CleanTek VC), a clear tech funding and advisory agency in Newport Seashore, California. CleanTek VC plans to help the Firm in deal circulate, know-how due diligence, valuation, negotiation and potential mergers and acquisitions.

2) Income Development Plan

The Firm plans to enter the Battery Vitality Storage System (BESS) enterprise with a two-pronged strategy: (a) turn into a Useful resource Entity (RE) working our personal state-of-the-art BESS energy vegetation with the intention to re-optimize the facility capability and stability the grid with clever time peak shifting management; and (b) penetrate into the solar energy plant market and accomplice with or purchase operators of outdated, mid-field solar energy vegetation within the U.S., particularly in California, Texas and Arizona, to implement our BESS resolution to be designed to extend vitality effectivity and monetize time peak shifting implementation with focused energy vegetation starting from 20MW to 500MW.

The Firm can be searching for publish income corporations with the identical company imaginative and prescient with the intention to purchase and construct up through capital infusion to speed up their development technique. Whereas working with our current world capital companions aggressively searching for good returns in funding in the US, we plan to be a brand new vitality know-how enabler for renewable infrastructure tasks, permitting us to accumulate different renewable vitality suppliers who’re out of date. In impact, we’re exploring extra paradigmatic partnership alternatives through enterprise collaborations with income-producing renewable infrastructure tasks that require new know-how implementation to reinforce income and enhance revenue stage, useful to all.

3) Capital Market Development Plan

The Firm has just lately recognized a number of practicable acquisition and intelligible partnership alternatives to speed up its development. We’re within the technique of screening strategic candidates whereas working diligently with our capital companions and optimizing our capital market course of with new company methods in market consciousness of our evolving know-how options and company development.

As well as, we’ve just lately engaged with a good Nasdaq-listed service supplier to help us in capital market development and implementing new media methods for long run and sustainable development in our present and deliberate companies.

4) Human Capital Growth Plan

The Firm has derived a aggressive compensation construction to optimize our human capital technique through accelerated administration enhancement plan. The Firm plans to recruit extra proficient, dedicated, and skilled workforce members with deep experience in inexperienced vitality to assist with its mental property portfolio build-out and enterprise execution as we search to increase our enterprise in associated trade sectors that demand extra vitality effectivity.

At Bitech, we’re the engineer of alternatives, and the catalyst of development. Our plan is to proceed to construct our enterprise operation with justifiable development plans in IP portfolio enhancement, income initiatives, capital market, and human capital growth. Our administration workforce is strongly dedicated to understand our imaginative and prescient to construct Bitech from a humble starting to a worldwide icon,” said Benjamin Tran, CEO of Bitech Applied sciences.
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See: https://www.alliedmarketresearch.com/renewable-energy-market
2 See: https://www.globenewswire.com/en/news-release/2022/04/20/2425276/0/en/Renewable-Vitality-Market-Dimension-to-Price-Round-US-1-998-03-Bn-by-2030.html

About Bitech Applied sciences Corporation

Bitech Applied sciences Company (OTCQB: BTTC), is a know-how resolution supplier devoted to offering a set of inexperienced vitality options with a give attention to cryptocurrency mining, knowledge facilities, industrial and residential utility, electrical car infrastructure, and different renewable vitality initiatives. Bitech seeks to supply its Evirontek Built-in Platform to resolve the exorbitantly excessive value of electrical energy in cryptocurrency mining and associated industries. Bitech innovates vitality applied sciences via analysis and growth, deliberate acquisitions of different associated applied sciences and plans to turn into an operator in Battery Vitality Storage System options, searching for enterprise partnerships with renewable vitality suppliers for varied purposes. We additionally search to have interaction with value-added resellers to facilitate and implement our scalable and modular system options. For extra info, please go to www.bitech.tech.

Cautionary Word Relating to Ahead-Trying Statements

This information launch accommodates statements that contain expectations, plans or intentions (corresponding to these referring to future enterprise or monetary outcomes) and different elements mentioned occasionally within the Firm’s Securities and Alternate Fee filings. These statements are forward-looking and are topic to dangers and uncertainties, so precise outcomes might range materially. You’ll be able to determine these forward-looking statements by phrases corresponding to “might,” “ought to,” “count on,” “anticipate,” “consider,” “estimate,” “intend,” “plan” and different comparable expressions. Our precise outcomes may differ materially from these anticipated in these forward-looking statements on account of sure elements not inside the management of the Firm. The Firm cautions readers to not place undue reliance on any such forward-looking statements, which converse solely as of the date made. The corporate disclaims any obligation subsequently to revise any forward-looking statements to replicate occasions or circumstances after the date of such statements or to replicate the incidence of anticipated or unanticipated occasions.

Contact:
Bitech Applied sciences Company
Investor Relations
Tel: 1.855.777.0888
E-mail: [email protected]

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