NASDAQ:GWAV

Greenwave Technology Solutions Releases Shareholder Update

Retrieved on: 
Tuesday, February 13, 2024
Acquisition, The Company, Aluminium, Growth, Hampton Roads, Steel, Recycling

CHESAPEAKE, Va., Feb. 13, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, today released the following shareholder update:

Key Points: 
  • CHESAPEAKE, Va., Feb. 13, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, today released the following shareholder update:
    We are pleased to report that Greenwave is off to strong start in 2024 and is on track to generate record revenues this year.
  • Once our second shredder commences operations, we believe Greenwave will have the requisite infrastructure and cashflows to expand it footprint of metal recycling facilities.
  • Greenwave is now one of the largest independent chains of scrap yards remaining in the country, with significant market share in our key markets.
  • We believe the next few months will be transformative for Greenwave and look forward to sharing our progress and developments.

Greenwave Technology Solutions' Scrap App Continues Capturing Market Share

Retrieved on: 
Tuesday, January 30, 2024
Intelligence, IAC, The Company, Mobile phone

CHESAPEAKE, Va., Jan. 30, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, today announced that its wholly-owned subsidiary, Scrap App, Inc. ("Scrap App"), is continuing to capture market share in initial strategic markets, Cleveland, Ohio, and Hampton Roads, Virginia. Greenwave has generated more than $200,000 in revenue from cars purchased through Scrap App in its first 130 days since launch, as it captures market share for end-of-life motor vehicles.

Key Points: 
  • CHESAPEAKE, Va., Jan. 30, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, today announced that its wholly-owned subsidiary, Scrap App, Inc. ("Scrap App"), is continuing to capture market share in initial strategic markets, Cleveland, Ohio, and Hampton Roads, Virginia.
  • Greenwave has generated more than $200,000 in revenue from cars purchased through Scrap App in its first 130 days since launch, as it captures market share for end-of-life motor vehicles.
  • The Company plans to expand Scrap App to additional strategic markets in February and March of 2024.
  • Greenwave believes Scrap App has the potential to scale significantly, with a competitor reportedly generating $159 million in annual revenue(1).

Greenwave Technology Solutions Receives License from Ohio Bureau of Motor Services

Retrieved on: 
Wednesday, January 24, 2024
Hampton Roads, The Company

CHESAPEAKE, Va., Jan. 24, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, today announced that its wholly-owned subsidiary, Empire Metals, is now licensed to purchase end-of-life vehicle in the State of Ohio. Scrapping end-of-life vehicles is a core revenue and profit generator for Greenwave, contributing more than $5 million to the Company's top line in FY 2023.

Key Points: 
  • Company's Scrap Car Buying Platform, ScrapApp.com, Continues to Rapidly Scale
    CHESAPEAKE, Va., Jan. 24, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, today announced that its wholly-owned subsidiary, Empire Metals, is now licensed to purchase end-of-life vehicle in the State of Ohio.
  • Scrapping end-of-life vehicles is a core revenue and profit generator for Greenwave, contributing more than $5 million to the Company's top line in FY 2023.
  • Greenwave's scrap car buying platform, ScrapApp.com, continues to rapidly scale in the Hampton Roads, VA and Cleveland, OH markets.
  • Greenwave believes that efficiencies created by its vertical integration of key stages of the car scrapping process could create significant competitive advantages.

Greenwave Technology Solutions Generates More than $9 Million Revenue in Q4 2023

Retrieved on: 
Monday, January 22, 2024
Sale, News, Greenwave, The Company, Public expenditure

CHESAPEAKE, Va., Jan. 22, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, today announced that it generated more than $9 million in revenue during the fourth quarter of 2023. The news comes on the heels of the Company commencing operations of a metal baler, wire stripper, and three sheers at its non-ferrous processing facility in Portsmouth, VA last week.

Key Points: 
  • CHESAPEAKE, Va., Jan. 22, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, today announced that it generated more than $9 million in revenue during the fourth quarter of 2023.
  • The news comes on the heels of the Company commencing operations of a metal baler, wire stripper, and three sheers at its non-ferrous processing facility in Portsmouth, VA last week.
  • Greenwave is poised to accelerate its revenue growth in 2024, aided by the significant capital expenditures the Company has made over the past twenty-four months, some of which include additional processing equipment, a fleet of trucks to more efficiently transport materials for processing and sale, and technologies aimed at growing top line sales as well as creating operating efficiencies to enhance margins.
  • With more than 20 years of experience in the metal recycling industry, Empire's leadership has grown the Company through nearly every economic climate and is committed to creating long-term shareholder value.

Greenwave Technology Solutions Commences Operation of Metal Baler, Wire Stripper, and Sheers at Non-Ferrous Processing Facility

Retrieved on: 
Friday, January 19, 2024
Greenwave, The Company, Transport, Recycling

CHESAPEAKE, Va., Jan. 19, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, today announced that it has commenced operation of a metal baler, wire stripper, and three sheers at its non-ferrous processing facility in Portsmouth, VA.

Key Points: 
  • The high capacity metal baler is capable of compacting large amounts of metal into dense bales – significantly reducing the amount of labor and cost required to process, transport, and sell copper and aluminum products.
  • By condensing more material into each load of metal it sells, the Company will be able to reduce transportation costs and realize a greater profit margin.
  • Greenwave recently completed its multi-year capex cycle, under which the Company has invested more than $15 million in its infrastructure and equipment over the past 24 months.
  • This capex cycle is expected to double its ferrous metal processing capacity from fiscal 2022 levels and result in the Company having the infrastructure to accretively scale to over 20 metal recycling facilities.

Greenwave Technology Solutions' Scrap App Expands to Second Market as it Continues to Capture Market Share

Retrieved on: 
Tuesday, December 19, 2023
IAC, Intelligence, The Company

CHESAPEAKE, Va., Dec. 19, 2023 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, today announced that its wholly-owned subsidiary, Scrap App, Inc. ("Scrap App"), has expanded to its second strategic market, Cleveland, Ohio, following its successful beta launch in Hampton Roads, Virginia. Greenwave has generated more than $100,000 in revenue from cars purchased through Scrap App in its first 90 days since launch as it captures market share for end-of-life motor vehicles.

Key Points: 
  • Greenwave has generated more than $100,000 in revenue from cars purchased through Scrap App in its first 90 days since launch as it captures market share for end-of-life motor vehicles.
  • Greenwave believes Scrap App has the potential to scale to more than $100 million in annual revenue, with a competitor reportedly generating $159 million in annual revenue(1).
  • Greenwave believes that efficiencies created by its vertical integration of key stages of the car scrapping process could create significant competitive advantages.
  • Greenwave is developing artificial intelligence to optimize its pricing operation and automate certain systems and processes to create and enhance efficiencies.

Second Automotive Shredder at Greenwave Expected to Materially Increase Carrollton Facility's Revenues Beginning in Q4 2023

Retrieved on: 
Thursday, September 28, 2023
The Company, Metal, Recycling, Greenwave

CHESAPEAKE, Va., Sept. 28, 2023 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, today announced that it expects its second automotive shredder to materially increase its Carrollton facility's revenue in Q4 2023. The Company's second automotive shredder will double Greenwave's ferrous metal processing capacity and facilitate its planned expansion to more than 20 metal recycling facilities in the coming months.

Key Points: 
  • CHESAPEAKE, Va., Sept. 28, 2023 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, today announced that it expects its second automotive shredder to materially increase its Carrollton facility's revenue in Q4 2023.
  • The Company's second automotive shredder will double Greenwave's ferrous metal processing capacity and facilitate its planned expansion to more than 20 metal recycling facilities in the coming months.
  • "Greenwave now boasts some of the most robust and technologically advanced infrastructure for processing scrap metal on the East Coast, positioning the Company for rapid expansion," stated Greenwave Chief Executive Officer, Danny Meeks.
  • "This expansion enables Greenwave to continue meeting our customers' growing demands for mill-ready shred and other recycled metals.

Greenwave Technology Solutions Announces its Shear Baler is Now Fully Operational at its Cleveland Facility

Retrieved on: 
Tuesday, September 26, 2023
The Company, Recycling, Canal, Rail transport, Greenwave

CHESAPEAKE, Va., Sept. 26, 2023 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, today announced that its recently installed shear baler is now fully operational at its Cleveland, Ohio facility. The state-of-the-art equipment is expected to significantly expand the facility's metal recycling production capacity, enabling it to significantly increase its revenues. Shear balers are highly sophisticated processing equipment within the industry, designed for efficiently shearing car bodies and heavy metals.

Key Points: 
  • CHESAPEAKE, Va., Sept. 26, 2023 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, today announced that its recently installed shear baler is now fully operational at its Cleveland, Ohio facility.
  • The state-of-the-art equipment is expected to significantly expand the facility's metal recycling production capacity, enabling it to significantly increase its revenues.
  • Shear balers are highly sophisticated processing equipment within the industry, designed for efficiently shearing car bodies and heavy metals.
  • "We believe our Cleveland facility has the potential to be one of our highest volume and most profitable facilities.

Greenwave Technology Solutions Launches Scrap App with AI Pricing Engine in Development

Retrieved on: 
Thursday, September 14, 2023
Google Play, App Store (iOS/iPadOS), AI, The Company, Recycling, Online shopping, Greenwave

CHESAPEAKE, Va., Sept. 14, 2023 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, today announced the launch of ScrapApp.com. Scrap App's mobile application has been submitted to the App Store and Google Play and Greenwave expects it will be available for download in the near future. Initially focused on junk cars, Greenwave is developing an AI pricing engine to optimize profit margins on the vehicles it purchases.

Key Points: 
  • Scrap App's mobile application has been submitted to the App Store and Google Play and Greenwave expects it will be available for download in the near future.
  • Initially focused on junk cars, Greenwave is developing an AI pricing engine to optimize profit margins on the vehicles it purchases.
  • Greenwave intends to develop Scrap App into the leading technology platform for the multi-billion dollar scrap metal industry.
  • Greenwave has formed Scrap App, Inc. as a wholly-owned subsidiary to develop and manage the Scrap App platform.

Greenwave Technology Solutions to be Featured on Benzinga All Access at 11:00am EDT on August 30, 2023

Retrieved on: 
Tuesday, August 29, 2023
The Company, Rare-earth element, Lobster

CHESAPEAKE, Va., Aug. 29, 2023 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (NASDAQ: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, today announced that its Chief Financial Officer, Isaac Dietrich, will be participating in the Benzinga All Access event taking place on Wednesday, August 30, 2023.

Key Points: 
  • CHESAPEAKE, Va., Aug. 29, 2023 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (NASDAQ: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, today announced that its Chief Financial Officer, Isaac Dietrich, will be participating in the Benzinga All Access event taking place on Wednesday, August 30, 2023.
  • Mr. Dietrich is scheduled to appear on Wednesday, August 30, 2023, at 11:00 AM Eastern Time.