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Greenwave technology Solutions (NASDAQ: GWAV) ,
a leading sustainable metal recycling company, announced it has been awarded an exclusive government contract to recycle 550,000 pounds of non-ferrous metal, projected to increase Q4 2024 and Q1 2025 revenues by $2 million. Operating 13 recycling facilities across Virginia, North Carolina, and Ohio, Greenwave leverages its extensive footprint, regulatory licenses, and recent strategic Real estate acquisitions to strengthen its market position. The company continues to focus on government contracts, with initiatives tied to infrastructure projects, abandoned vehicle recycling, and U.S. Federal operations, benefiting from its proximity to Naval Station Norfolk and the Port of Virginia.
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About Greenwave Technology Solutions Inc
Greenwave Technology Solutions, Inc., through its wholly owned subsidiary Empire Services, Inc.
(“Empire”), is an operator of 13 metal recycling facilities in
Virginia,
North Carolina, and
Ohio. The Company's recycling facilities collect, classify, and process raw scrap metal (ferrous and nonferrous).
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