Bloomberg: CETY Signs with Corycos Group to Market and Sell Products in Turkey, Closes First Sale

corycos group bloomberg press release
Clean Energy Technologies Signs with Corycos Group to Market and Sell Products
                         in Turkey, Closes First Sale

COSTA MESA, Calif., Dec. 4, 2018

COSTA MESA, Calif., Dec. 4, 2018 /PRNewswire/ -- Clean Energy Technologies,
Inc. (OTC:CETY), a rapidly growing designer and producer of energy efficient &
environmentally sustainable products with its patented magnetic turbine heat
recovery generator, announced today that it has entered into an agreement
(through its wholly owned subsidiary, Clean Energy HRS, LLC) with Corycos
Group, an international Solar, Oil and Gas Energy company headquartered in
Turkey, to promote and sell its products in that country.

The agreement calls for Corycos to implement a business development plan to
market and solicit orders for CETY products. Corycos has included CETY's Clean
Cycle II Organic Rankine Cycle (ORC) heat recovery generator in its product
offerings to its clients in the Biogas industry as an important factor in
improving efficiencies in new and existing facilities.  

This three-year agreement may become exclusive and may be extended beyond the
term based upon performance. This agreement and Corycos' impressive reputation
support CETY's stated goals in both volume of sales and geographic expansion,
as well as providing further evidence that this technology is an important
element to improve the efficiencies of, and produce added revenue from,
existing facilities that produce waste heat, which is common among Corycos
clients. This agreement has already resulted in the first six-figure sale.

Kam Mahdi, Chief Executive Officer of CETY said, "The entire team at CETY is
enthusiastic about this expansion, not only into a new territory such as
Turkey, but also into the Biogas industry where we believe the synergies
cannot be ignored. We know our counterparts at Corycos feel the same. Through
this agreement with Corycos, CETY will provide a low maintenance, highly
efficient ORC system utilizing our patented magnetic turbine generator that is
easy to deploy and simple to maintain.  We believe that this agreement will be
very beneficial for the immediate, and long-term growth of our company."

Ahmet Yigit Kazanc and Hakan Dogan, Co-Founders of Corycos Group added: "Waste
to Energy represents the future of human civilization. It is not just an
advancement in energy technology, it is a change of mindset and the future way
of doing business. Strict energy efficiency criteria and forward thinking,
innovative and practical energy policies of the Republic of Turkey sets an
example to rest of the world in terms of reducing GHG emissions and
transforming heavy industry into state of the art modern, facilities.
Currently, many landfill biogas-fueled power plants biomass-powered industrial
facilities exist in the Republic of Turkey. As a nation bridging the East and
the West, CETY's Turkish installations will serve as showcases to the rest of
the world. Benefits of environmentally friendly small, scalable waste to
energy solutions are undeniable and the exponential growth of that industry is
impossible to ignore. Corycos is pleased to work with Clean Energy
Technologies and introduce their product line into our extensive client base.
CETY's technology is a perfect fit for our business and we are excited about
where this agreement will lead."

The Biogas markets represent one of most sizable industries and gaining
exposure to this industry is no small feat and could take CETY to an entirely
new level. Global Market Insights reports the waste to energy market size was
$20.86 Billion in 2015 of which thermal based waste to energy technology
occupied a significant percentage of the market, which may surpass $29 billion
by 2023.

About Clean Energy Technologies, Inc. (CETY)

Clean Energy Technologies, Inc. designs, builds, and markets clean energy
products focused on energy efficiency and environmental sustainability
technologies.  The Company's principal product is the Clean Cycle II ORC heat
recovery generator, offered by CETY's subsidiary Heat Recovery Solutions,
(   Our Clean Cycle II™ ORC heat recovery
generator uses our patented magnetic bearing turbine technology to capture
wasted heat from industrial manufacturing, waste processing and power
generation facilities and converts it into electricity that can be used or
sold back to the grid.  CETY's Clean Cycle II ORC heat recovery generator is
distinguished from its competitors by its magnetic bearing turbine technology
offering lower maintenance and higher efficiency. CETY has more than 1,000,000
fleet operating hours and 8 years of history in the field.

CETY's technology allows municipal, commercial, and industrial generating
wasted heat from industrial processes or energy production, to improve their
energy efficiency without burning additional costly fuel, or polluting the
environment, and, at the same time, reducing their maintenance costs for heat
recovery.  CETY's engineering and manufacturing resources support the Heat
Recovery Solutions business, as well as CETY's other technologies. 
Headquartered in Costa Mesa, California, CETY's common stock is currently
traded on the OTC Market under the symbol CETY.  For more information, visit or

About Corycos Group 

Corycos Group ( designs, builds, and operates renewable energy
facilities across multiple countries for its own investment and on behalf of
Industrial, Government and Utility clients. Corycos Group developed and built
over 33MWs of utility scale and industrial solar farms in Turkey, Greece,
Canada and United States. Separately, Corycos currently operates 19MWs of
utility scale solar farms in Turkey, where visionary and forward-thinking
energy policies of the Turkish Government leapfrogged the renewables industry
in the past five years.

In addition to renewable energy, Corycos Group is active in the upstream oil
and gas industry in California. Corycos Group acquires and transforms
unproductive, mismanaged, and aging oilfields into revitalized hydrocarbon
resources, bringing oil fields online in record times. Corycos team has dealt
with oil and gas properties at all stages of development ranging from
undeveloped acreage to mature producing fields. Currently, Corycos Group is
developing two oil fields in Lost Hills, California with total proven reserves
over 19 million barrels of oil as well as two light oil fields in Bakersfield,
California with total proven reserves over 8 million barrels of oil.

Our financial depth combined with technical know-how allows us to
commercialize frontier technologies and innovate business models to make an
impact worldwide.

Safe Harbor Statement

All statements in this press release that are not historical are
forward-looking statements made pursuant to the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995. There can be no
assurance that actual results will not differ from the company's expectations.
You are cautioned not to place undue reliance on any forward-looking
statements in this press release as they reflect CETY's current expectations
with respect to future events and are subject to risks and uncertainties that
may cause actual results to differ materially from those contemplated.
Potential risks and uncertainties include, but are not limited to, the risks
described in CETY's filings with the Securities and Exchange Commission.
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