Laramie, Wyoming–(Newsfile Corp. – October 15, 2020) – Publicly-held Cyber Enviro-Tech, Inc. (OTC Pink: XGEN) of Scottsdale, Arizona, formerly NexGen Holdings, Corp. announces a contract for the development of a pilot biomethane digester used for electricity and power on a dairy operation in Utah. The approximate $1.5 million pilot brings the reality of a profitable biomethane operation to midsize dairies below 2000 head of cattle, previously too expensive for smaller dairy farms. 2000 head was the prior breakeven point required to install biowaste digesters before Cyber Enviro-Tech entered the market. (Current cost of BioDigesters today are in the $3 to $4 million range).
According to the 2017 US Department of Agriculture Census, figures show roughly 39,210 dairy farms and 26,586 feedlots are in operation. Of dairy operations alone, over 1000 are located in California where the state mandate is to reduce methane emissions by 40%. Dairy and livestock operations have been targeted as a 50% or higher contributor to California’s Short-Lived Climate Pollutants [SLCP]. Senate Bill 32 and 1383 mandate compliance of the 40% reduction by 2030.
Cyber Enviro-Tech’s target of 1500 head of cattle and up represents the top 25% of dairy and feedlot operations in the country. The City of Grand Junction, Colorado for example provides enough converted methane to power their fleet of waste disposal trucks using Biomethane Digesters saving them over $500,000 a year in fuel costs. Colorado also has numerous mining operations which have started a decade ago converting their diesel-powered vehicles to natural gas and lead the nation in natural gas conversion. The state of Utah is currently engaged in converting their bus fleets and other industries over to the cleaner operation of natural gas.
Of the combined 66,000 dairy and feedlots farms in the USA, Cyber Enviro-Tech is seeking 1.8% of the market for installation of their highly efficient and cost effective Biomethane Digesters. It may not sound like much, but it represents $1.8 billion in revenue on the low end and as much as $4 billion for operations over 3000 head of cattle. Cyber Enviro-Tech’s technological advances in the science of water and waste conversion looks promising to providing mainstream dairy farms and feedlots a competitive edge in the market.
ABOUT CYBER ENVIRO-TECH, INC.:
Cyber Enviro-Tech is a WATER SCIENCE TECHNOLOGY Company focusing on the remediation of all water contamination issues for industrial, mining, agriculture, oil & gas and commercial water applications. We do this by integrating and utilizing 4th Industrial Revolution technologies to include cyber, aerospace, satellite, industrial and artificial intelligence engineering telemetry. Our water filtration, waste water and alternative energy systems have neural sensors, controls and networks, all connected to your cellular device.
Any statements contained in this press release that do not describe historical facts constitute forward-looking statements. Forward-looking statements may include, without limitation, financial projections, statements regarding the plans and objectives of management for current and future operations, the development, regulatory approvals and commercialization of the Company’s products, or any of the Company’s proposed services, systems, services, licensing arrangements, joint ventures, partnerships or acquisitions. Such forward-looking statements are not meant to predict or guarantee actual results and performance and actual events or results may differ considerably. Factors that may cause actual results to differ materially from any projections may include, without limitation, delays in the Company’s development of its products and services, the inability to obtain additional financing, the impact of significant new or changing government regulation on the industry, existing or increased competition, results of arbitration and litigation, stock volatility and illiquidity, and the Company’s general failure to effectively implement the Company’s business plans or strategies. The Company assumes no obligation to update any forward-looking statements to reflect any change in events or circumstances that may arise after the date of this release.
Kim D Southworth
Chief Executive Officer
Cyber Enviro-Tech, Inc.
6991 E. Camelback Rd., Suite D-300
Scottsdale, AZ 85231
Email: [email protected]
WEBSITE IS CURRENTLY UNDER CONSTRUCTION
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