Articles from ConnectM Technology Solutions, Inc.

Managed Services Agreement (MSA) Expected to Contribute $7 Million in Revenue During 2025

~ Results In-Line with Previously Announced Third Quarter Preliminary Results ~

~ Third Quarter Revenue Increased 36% to $6.1 million YoY~

MARLBOROUGH, Mass., Nov. 07, 2024 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (NASDAQCNTM) (“ConnectM” or the “Company”), a technology company focused on the electrification economy, today announced that Bhaskar Panigrahi, CEO, and Bala Padmakumar, Vice Chairman, Corporate Development and Investor Relations, will participate in the 13th Annual Roth Technology Conference being held on November 19-20, 2024, at the Hard Rock Hotel in New York City. Mr. Panigrahi will conduct one-on-one and small group meetings on Wednesday, November 20.

MARLBOROUGH, Mass., Oct. 24, 2024 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (NASDAQCNTM) (“ConnectM” or the “Company”), a technology company focused on the electrification economy, today announced its groundbreaking AI-powered heat pump has received the prestigious AHRI (Air-Conditioning Heating and Refrigeration Institute) Cold Climate Certification, representing a significant milestone in energy-efficient heating solutions. This certification follows the previously announced launch and underscores ConnectM’s commitment to delivering state-of-the-art technology that meets the highest standards for performance in even the harshest of winter conditions.

~ Expected to Add $20+ Million in Revenue in Next Twelve Months ~

~ Completed Conversions of $6.2 Million Debt-to-Equity in Second Tranche ~

~ Conversion Reduces Annual Interest Expense by $1.8 Million Transferring to Free Cash Flow of Equal Value ~

Opens Trading Window for Management

~ Investor Presentation Now Accessible Via Investor Relations Website and on File with SEC ~

For the Third Consecutive Year, ConnectM Earns a Spot on the Inc. 5000 Achieving Three-Year Revenue Growth of 1,200%

~ Cumulative Electrification of 87 GWh Compared to 29 GWh in 1H23 ~

~ Advances M&A Strategy with First Acquisition Following Public Debut in July 2024 ~

New system aims to enhance home heating and cooling with advanced technology and efficiency