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Cleantek Industries to Present at the Smallcap Discoveries Conference
Newsfile· 2025-09-18 11:00
Group 1 - Cleantek Industries Inc. is an innovative provider of patented clean technology solutions aimed at reducing costs and carbon intensity in wastewater management and industrial lighting sectors [1][5][6] - The company will participate in the Smallcap Discoveries Conference in Vancouver on September 29-30, 2025, where its President and CEO will present recent achievements and growth plans [1][2] - Cleantek focuses on ESG-accretive solutions, offering specialized wastewater treatment, disposal equipment, and sustainable lighting rental solutions to a diverse client base, including blue-chip companies [5][6] Group 2 - The Smallcap Discoveries Conference aims to strengthen Canada's microcap ecosystem by connecting engaged investors with select growth companies, fostering meaningful connections and access to capital [2][4] - Cleantek is well-positioned to meet the rising demand for water treatment and sustainable lighting, driven by a commitment to sustainability, safety, and operational excellence [6]
Michigan county is uses drones and AI to keep wastewater infrastructure running smoothly
NBC News· 2025-08-16 01:11
This high-powered drone not usually associated with sewer systems is Mcome County, Michigan's answer to preventing scenes like this. A grim prospect for residents threatened by this massive sinkhole. >> Christmas Eve 2016, a sinkhole the size of a football field started when an 11t wide sewer line located 45 ft below ground burst, spilling raw sewage under the neighborhood and triggering the sinkhole.what was arguably the largest infrastructure disaster in Michigan history. >> More than 20 homes evacuated w ...
Cleantek Industries Inc. Reports Strong Second Quarter 2025 Results Driven by International Growth
Newsfile· 2025-08-14 19:19
Core Insights - Cleantek Industries Inc. reported strong financial results for Q2 2025, highlighting significant international growth and increased market share in North America [2][7]. Financial Performance - Revenue for Q2 2025 increased by 39% to CAD 3,352,000 from CAD 2,411,000 in Q2 2024, driven by strong equipment sales and growing rental demand [7]. - Gross profit also rose by 39% to CAD 1,782,000, maintaining a gross profit margin of 53%, consistent with Q2 2024 [7]. - The net loss narrowed to CAD 457,000 in Q2 2025, an improvement of CAD 54,000 compared to a net loss of CAD 511,000 in Q2 2024, despite a non-cash foreign exchange loss of CAD 456,000 [7]. - Adjusted EBITDA surged by 241% to CAD 778,000 for the quarter, compared to CAD 228,000 in Q2 2024, primarily due to higher revenue [7]. Operational Highlights - The company continues to focus on enhancing equipment utilization, global market expansion, and maintaining a strong balance sheet [3]. - Cleantek's R&D team is working on improving the performance of evaporator solutions by increasing salt and solids tolerance, while also pursuing manufacturing efficiencies [4]. Capital Structure - As of June 30, 2025, total assets increased to CAD 14,537,000 from CAD 13,641,000 at the end of 2024 [8]. - The working capital deficit improved to CAD 1,242,000 from CAD 1,939,000 at the end of 2024 [8]. - Non-current debt rose slightly to CAD 7,493,000 from CAD 7,085,000 at the end of 2024 [8]. Executive Changes - The company announced that Orson Ross, the Chief Financial Officer, will be leaving Cleantek in September 2025 after contributing significantly since joining in 2022 [17].