ConnectM to Expand its Building Electrification Segment Internationally to Capitalize on Surging Global Demand

ConnectM to Expand its Building Electrification Segment Internationally to Capitalize on Surging Global Demand

~ Company targeting Europe, the Middle East and Asia as key growth opportunities ~

MARLBOROUGH, Mass., March 4, 2025 /PRNewswire/ -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) ("ConnectM" or the "Company"), a high-growth technology company on the leading edge of the electrification economy, today announced its planned strategic expansion of its Building Electrification segment into Europe, the Middle East, and Asia in response to surging global demand for sustainable energy solutions.

With traditional energy costs rising across Europe and labor shortages in the service provider sector, ConnectM sees a significant market opportunity to deploy its AI-powered, tech-enabled solutions that optimize heating, cooling, and  distributed energy solutions. By expanding into these high-growth markets, the Company aims to establish itself as a market leader in digital-first electrification solutions while accelerating the global transition to cleaner energy.

Many governments across the Middle East and Asia are investing in electrification solutions to combat air pollution and reduce reliance on fossil fuels, creating a high-demand environment for ConnectM's solutions. ConnectM has built a strong pipeline of demand for its products and service across these regions.

"Expanding ConnectM's presence into international markets represents a transformational growth opportunity for the Company," said Bhaskar Panigrahi, Chairman and CEO of ConnectM. "We are well positioned to capitalize on rising demand for energy-efficient solutions and expect our international operations to play a pivotal role in our long-term value creation strategy."

Outlook

ConnectM expects to generate multiple revenue streams from its international Building Electrification initiatives by early 2026.

About ConnectM Technology Solutions, Inc.

ConnectM is a technology company focused on advancing the electrification economy by integrating electrified energy assets with its AI-powered technology solutions platform. The Company provides residential and light commercial buildings and all-electric original equipment manufacturers with a proprietary Energy Intelligence Network platform to accelerate the transition to all-electric heating, cooling, and transportation. Leveraging technology, data, artificial intelligence, contemporary design, and behavioral economics, ConnectM aims to make electrification more user-friendly, affordable, precise, and socially impactful. As a vertically integrated company with wholly owned service networks and a comprehensive technology stack, ConnectM empowers customers to reduce their reliance on fossil fuels, lower overall energy costs, and minimize their carbon footprint.

For more information, please visit: https://www.connectm.com/

Cautionary Note Regarding Forward-Looking Statements 
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). We have based these forward-looking statements on our current expectations and projections about future events. All statements, other than statements of present or historical fact included in this press release, regarding our future financial performance and our strategy, expansion plans, future operations, future operating results, estimated revenues, losses, projected costs, prospects, plans and objectives of management are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "could," "would," "expect," "plan," "anticipate," "intend," "believe," "estimate," "continue," "project" or the negative of such terms or other similar expressions. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. We caution you that the forward-looking statements contained herein are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. In addition, we caution you that the forward-looking statements regarding the Company contained in this press release are subject to the risks and uncertainties described in the "Cautionary Note Regarding Forward-Looking Statements" section of the Current Report on Form 8-K filed with the Securities and Exchange Commission on July 18, 2024. Such filing identifies and addresses other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and ConnectM is under no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact:
Investor Relations
Dave Gentry, CEO
RedChip Companies, Inc.
1-407-644-4256
CNTM@redchip.com

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SOURCE ConnectM Technology Solutions, Inc.