Byzen Digital sees US $ 2.25 million infrastructure bill as clean economy boom
Receive instant alerts for news on your actions. Claim your 1-week free trial for StreetInsider Premium here.
With its portfolio of clean green technology companies, BYZN is in the right place at the right time
LOS ANGELES, CA / ACCESSWIRE / April 6, 2021 / Byzen Digital Inc. (OTC PINK: BYZN), a holding company that acquires and operates cleantech and sustainable energy companies, today announced that its preliminary analysis of the government infrastructure bill Biden concludes that it will be a positive force in accelerating the adoption of clean technologies. invest and deploy sustainable products and services to help combat the effects of climate change. The Company expects to benefit from this “rising tide” effect in the addressable markets of its portfolio companies.
The $ 2.25 trillion bill, which has now been submitted to Congress for approval, focuses on infrastructure spending across a broad spectrum, with improving the country’s roads and bridges accounting for just 7% spending. The majority will go to items such as the roll-out of broadband in rural America, improved care for the elderly, 500,000 electric vehicle charging stations, and massive spending on solar power and electricity. other clean technologies to help the United States become the world leader in the new green economic revolution.
Byzen Digital, through its two subsidiaries, Clean-Seas, Inc. and 100BIO, LLC, expects to benefit from this new surge of interest, funding and tax incentives for a cleaner, more sustainable future. The two Byzen operating companies are leading the way in better stewardship of America’s essential natural resources, such as our oceans, by providing solutions that generate clean energy and reduce the waste streams that harm our planet. environment.
“It’s an exciting time to be in the clean energy and clean solutions space, and we expect this renewed interest in the United States to spill over into the products and solutions around the world. of Byzen, ”said Dan Bates, President and CEO. “The Biden administration’s commitment to positively impact climate change is a win-win for the country, the planet and the businesses that will benefit from the economic and legislative support they receive.
“In the weeks and months to come, Byzen will closely monitor the implementation of the infrastructure bill for the many billions of dollars distributed in grants, tax credits, low-interest loans and guarantees. loans, nationally and as it progresses to state and municipal levels. With the country’s biggest commitment to a green economy ever, Byzen is in the right place at the right time. Our portfolio companies are well positioned to participate in these new economic initiatives, and we are actively seeking to acquire businesses and technologies that support Byzen’s mission to meet various needs in this global green effort. “
About Byzen Digital Inc.
Byzen Digital (OTC PINK: BYZN) acquires, manages and operates a synergistic portfolio of companies in the cleantech and energy sectors. For more information, visit: www.byzendigital.com.
About Clean-Seas, Inc.
Clean-Seas, Inc. is a Byzen Digital portfolio company that provides efficient and cost-effective technology solutions that respond to the global plastic waste crisis and create economic opportunities and social benefits in emerging and developed economies around the world. It offers the best provider of complete solutions in its class for the supply and deployment of the latest technologies for the recycling of plastic waste into energy, the securing of raw materials and collection agreements.
The company expects to develop programs that have a social impact, improve the quality of life and comply with the United Nations Sustainable Development Goals (SDGs). Clean-Seas is guided by the 3Ps: People, Planet and Profit. For more information visit: http://www.clean-seas.com/
About 100BIO, LLC
100BIO “created the world’s first 100% biodegradable foam for the food service and packaging industries. Located in Southern California, 100BIO” licenses its patented technology to manufacturers across the broad spectrum of packaging industry. For more information, visit: http://onehundredbio.com.
Safe Harbor Declaration
This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to anticipated income, expenses, profits, cash flow from operations, market outlook and product demand. Forward-looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors that could cause actual results to differ materially from forward-looking statements. These statements are based, among other things, on assumptions made by management and on information currently available to management, including management’s knowledge and assessment of the industry and the Company’s competition. The Company assumes no obligation to update its forward-looking statements.
Dan Bates, CEO
Byzen Digital Inc.
THE SOURCE: Byzen Digital, Inc.
See the source version on accesswire.com: