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ConnectM Subsidiary Signs Definitive Agreement with Alpex Solar to Execute Solar Deployments worth an initial ~$16.5M
Globenewswire· 2026-02-04 14:00
MARLBOROUGH, Mass., Feb. 04, 2026 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (OTC: CNTM) (“ConnectM” or the “Company”), a constellation of technology-driven businesses powering the modern energy economy, today announced that Cambridge Energy Resources Private Limited (“CER”), a wholly owned India-focused distributed energy and solar project developer acquired by ConnectM’s India subsidiary, has entered into a definitive agreement with Alpex Solar Ltd. (“Alpex”) to execute and deliver distribute ...
ConnectM Expands Greentech Renewables Heat Pump Relationship With Additional $865,000 Order; Cumulative Commitments Now Exceed $2.6 Million
Globenewswire· 2026-01-27 16:54
Core Viewpoint - ConnectM Technology Solutions, Inc. has received an additional purchase order worth $865,000 from Greentech Renewables for high-efficiency heat pumps, bringing the total commitments to approximately $2.6 million [1][2]. Group 1: Company Developments - The new order includes ConnectM's high-efficiency indoor/outdoor hyper-heat units, multizone outdoor units, thermostats, and electric heat kits [2]. - The cumulative commitments now total $2.6 million, which includes a previously announced order of $1.7 million [1]. Group 2: Market Demand and Strategy - There is an increasing demand from contractors in New Hampshire for high-efficiency, all-electric comfort solutions, indicating a trend towards electrification projects [3]. - ConnectM's President of Home & Building Electrification emphasized that distribution-led scale is crucial for expanding the adoption of Keen Heat Pumps, highlighting the importance of Greentech's contractor network [3]. Group 3: Company Background - ConnectM operates a constellation of technology-driven businesses focused on the modern energy economy, offering AI-powered electrification, distributed energy, last-mile delivery, and industrial IoT solutions [4]. - Greentech Renewables is a leading distributor of solar and electrical products in the U.S., providing extensive support to contractors across more than 100 locations [4].
ConnectM Technology Solutions, Inc.(CNTM) - Prospectus
2026-01-16 13:34
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 CONNECTM TECHNOLOGY SOLUTIONS, INC. (Exact name of registrant as specified in its charter) Delaware 4931 87-2898342 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 2 Mount Royal Avenue, Suite 550 Marlborough, Massachusetts 01752 617-395-1333 (Ad ...
Monterey Capital Acquisition (MCAC) - Prospectus
2026-01-16 13:34
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 CONNECTM TECHNOLOGY SOLUTIONS, INC. (Exact name of registrant as specified in its charter) Delaware 4931 87-2898342 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 2 Mount Royal Avenue, Suite 550 Marlborough, Massachusetts 01752 617-395-1333 (Ad ...
ConnectM Acquires 40% of Sun Solar, Strengthening Balance Sheet and Expanding National Solar & Storage Footprint in Multi-Billion Dollar U.S. Residential Solar & Storage Market
Globenewswire· 2026-01-07 14:00
Core Insights - ConnectM Technology Solutions, Inc. has announced the acquisition of a 40% equity interest in Sun Solar LLC, enhancing its position in the residential and small-commercial solar market in the U.S. [1] - The transaction is expected to significantly improve ConnectM's balance sheet, increasing stockholders' equity by at least $6.5 million, resulting in total equity exceeding $9 million, a notable recovery from a $50 million deficit reported in July 2024 [2] Strategic and Financial Highlights - The acquisition will anchor ConnectM's Virtual Power Plant (VPP) deployment strategy through a supply agreement with Keen Labs for solar panels, batteries, and balance-of-system components, anticipated to generate substantial incremental revenue [3] - ConnectM plans to consolidate its solar operations under the "Sun Solar Northeast" brand, deploying additional capital to scale solar-plus-storage installations across the Northeast corridor [4] Management Commentary - The CEO of ConnectM emphasized that the partnership with Sun Solar strengthens the company's balance sheet and provides a scaled channel for AI-enabled VPP kits, aiming to deliver energy savings and build a recurring revenue base [5] - The President of Home & Building Electrification highlighted the benefits of combining Sun Solar's market approach with Keen Labs' technology to standardize design and improve customer relationships [5] Strategic Rationale - Sun Solar offers an established operating platform with predictable cash flow and a proven track record of profitable growth, which aligns with ConnectM's goals for immediate earnings and execution scale [6] - The integration of Sun Solar's operations with Keen Labs' AI technology is expected to create a comprehensive solution for design, installation, monitoring, and dispatch [6] Operational Expansion - The larger installed base from the acquisition will facilitate higher attach rates for storage and grid services, enhancing data-driven upsell opportunities throughout the customer lifecycle [7] - The consolidation of operations is expected to improve working-capital turns and support margin expansion as the focus shifts towards software and recurring services [7] Company Profiles - ConnectM Technology Solutions, Inc. operates a constellation of technology-driven businesses focused on the modern energy economy, delivering AI-powered electrification and distributed energy solutions [10] - Keen Labs, a subsidiary of ConnectM, develops AI and energy intelligence platforms that support the company's solutions, including energy storage systems and smart technologies [11] - Sun Solar specializes in residential and small-commercial solar development and installation, emphasizing high-quality customer experience and data-driven performance monitoring [12]
ConnectM's Keen Labs Introduces Hi-E™ Energy Storage Line for Long-Duration and VPP Applications in a $100 Billion+ Distributed Energy Storage Market
Globenewswire· 2025-12-29 13:45
Core Insights - ConnectM Technology Solutions, Inc. has launched the Hi-E™ line of energy storage systems through its subsidiary Keen Labs, targeting long-duration and virtual power plant applications [1][2] Product Overview - The Hi-E™ line utilizes high energy density Lithium Iron Phosphate (LiFePO₄) technology, designed for residential and light commercial buildings, providing grid backup, load leveling, and peak time-of-use pricing management [2] - Hi-E™ systems are available in modular configurations ranging from 2 kWh to 5 kWh, allowing customization for various energy requirements [2] Flexibility and Cost Efficiency - Hi-E™ systems are engineered for flexibility in space and duration, helping to reduce peak-load stress and extend the lifespan of connected assets, ultimately lowering total ownership costs [3] Digital Integration - Each Hi-E™ system integrates with Keen Labs' Energy Intelligent Network™, allowing deployment as standalone modules or as part of broader solutions [4] Company Background - ConnectM Technology Solutions focuses on technology-driven businesses in the modern energy economy, offering AI-powered electrification, distributed energy, and industrial IoT solutions globally [5] - Keen Labs, a subsidiary of ConnectM, develops AI and energy intelligence platforms, including the Hi-E™ line, to optimize performance across various energy assets [6]
ConnectM Announces Proposed Reverse Stock Split to Support Planned Uplisting to a National Exchange
Globenewswire· 2025-12-22 15:59
Core Viewpoint - ConnectM Technology Solutions, Inc. is seeking stockholder approval for a reverse stock split in the range of 1-for-5 to 1-for-50 to align with its plans for uplisting to a U.S. national securities exchange, aiming to enhance corporate visibility and shareholder value [1][2]. Group 1: Reverse Stock Split Details - The proposed reverse stock split will be within a range of 1-for-5 to 1-for-50, with the exact ratio to be determined by the Board [1][2]. - The reverse split is intended to support the company's strategy and application for uplisting, which is expected to increase liquidity and awareness in the financial community [2][4]. - The previous stockholder approval for a narrower reverse split range of 1-for-5 to 1-for-8 was not implemented, and the Board is now seeking broader authority [2][3]. Group 2: Effects of the Reverse Split - If approved, the reverse split will not change the overall value of the stock; the market price per share will increase proportionately with the reduction in the number of shares [5]. - Each stockholder's number of shares will be reduced proportionately based on the final split ratio, with fractional shares rounded up to the nearest whole share [5]. - The reverse split will not alter the par value of the common stock or the rights of stockholders, and it will be subject to regulatory review [3][5]. Group 3: Strategic Intent - The uplisting process and reverse split are viewed as tools to align the capital markets profile with the scale of the business, making ConnectM accessible to a broader base of long-term, high-quality investors [4]. - The company is focused on strengthening its balance sheet, simplifying its capital structure, and building a differentiated energy and AI platform through its subsidiaries [2][4]. Group 4: Company Overview - ConnectM Technology Solutions, Inc. operates in the modern energy economy, providing AI-powered electrification, distributed energy, last-mile delivery, and industrial IoT solutions globally [7].
ConnectM Reduces Over $8.35 Million of Convertible Debt, Adds New Capital Partners and Highlights Strategic Acquisitions of Amperics and Geo Impex
Globenewswire· 2025-12-17 19:05
Core Viewpoint - ConnectM Technology Solutions, Inc. has made significant strides in reducing its convertible debt, expanding its capital provider network, and enhancing its technology and infrastructure through strategic acquisitions [1][4][6]. Capital Structure and Debt Reduction - The company has retired approximately $8.4 million of convertible note principal through the issuance of about 39.5 million shares of common stock, simplifying its capital structure and aligning former noteholders with stockholders [2][4]. - As of December 15, 2025, ConnectM had 151,812,318 shares of common stock issued and outstanding [2]. New Funding Arrangements - ConnectM has established new funding arrangements with multiple lenders, including Labrys Fund II, LP and Vanquish Funding Group Inc., to enhance liquidity for working capital and growth initiatives [3][5]. Strategic Acquisitions - The company completed two strategic acquisitions in Q4 2025: Amperics, which specializes in hybrid energy storage systems, and Geo Impex, a developer of sustainable logistics infrastructure [6][8]. - The acquisition of Amperics involves the Hi-C™ hybrid energy storage technology, designed for high-power applications, while Geo Impex provides a site for an AI-driven data center and logistics park in India [8]. Future Growth and Integration - Management believes that the combination of a cleaner balance sheet, diversified capital access, and strategic technology assets positions ConnectM for disciplined growth across electrification, logistics, distributed energy, and AI infrastructure [8].
ConnectM’s Keen Labs Introduces Hi-C™ Hybrid Energy Storage Line for High-Power Applications
Globenewswire· 2025-12-10 14:00
Core Insights - ConnectM Technology Solutions, Inc. has launched the Hi-C™ line of hybrid energy storage systems through its subsidiary Keen Labs, targeting high-power applications in the modern energy economy [1][2]. Product Overview - The Hi-C™ line utilizes technology from Amperics, acquired by ConnectM in 2025, to address gaps in conventional supercapacitor and battery technologies, delivering power from kilowatts to megawatts in milliseconds for tens of thousands of cycles [2]. - Hi-C™ systems can be configured from 12V to several hundred volts, making them suitable for a variety of industrial and commercial applications [2]. Target Sectors - The Hi-C™ line is designed for high-demand environments, including: - Last-mile and urban transport, supporting high-torque acceleration and regenerative events without stressing primary traction batteries [8]. - Warehouse and industrial equipment, powering hydraulic lifts and automation without performance fade [8]. - Data centers and critical infrastructure, providing instantaneous power support and voltage stabilization [8]. - Commercial and industrial buildings, smoothing power transitions and reducing stress on energy resources [8]. Integration and Features - Each Hi-C™ system integrates with Keen Labs' Energy Intelligent Network, allowing deployment as standalone modules or as part of broader solutions [4]. - The systems offer real-time telemetry and health monitoring, feeding data into ConnectM's analytics and optimization engines [9].
ConnectM Releases 2025 Annual Shareholder Letter Highlighting Turnaround From $50 Million Deficit to Positive Equity
Globenewswire· 2025-12-08 13:30
Core Insights - ConnectM Technology Solutions, Inc. has transitioned from a $50 million stockholders' deficit to positive equity, restoring its OTCQB trading status and achieving significant revenue growth in 2025 [1][10][17] Financial Performance - The company reported a 45% year-over-year revenue growth in Q3 2025, reaching $8.7 million, and a 60% increase in year-to-date revenue, totaling $26.2 million [10] - The quarterly net loss improved to approximately $1.0 million despite incurring public company costs and integration expenses [10] Capital Structure and Market Access - ConnectM has retired or exchanged over $10 million of debt and derivative liabilities year-to-date, simplifying its capital structure [10] - The company moved from the OTC Expert Market back to the OTC Pink Market and subsequently uplisted to the OTCQB Venture Market in October 2025 [17] Strategic Initiatives - The establishment of Keen Labs as an AI and technology subsidiary aims to enhance the company's capabilities in energy intelligence [15] - ConnectM has made several strategic acquisitions, including Amperics and Geo Impex & Logistics, to bolster its technology and service offerings [18][19] Future Outlook - The company plans to focus on execution in 2026, prioritizing high-return organic growth, disciplined acquisitions, and improving its capital structure [24]