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SCRAP IS THE NEW
PRECIOUS METAL

We’re at an Inflection Point in Greenwave's Growth

Through our subsidiary, Empire Services, Inc. ("Empire") we operate 11 metal recycling facilities in Virginia and North Carolina which collectively generated $27.75 million in revenue during 2021 and $9.92 million in revenue during Q1 2022. 

We plan to aggressively expand our footprint of locations by rolling up independent, profitable scrap yards in the coming months.

Greenwave Location Footprint

(as of May 2022)

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Application to Uplist

Greenwave Submits Application to Uplist to NASDAQ

OPTIMAL METAL MARKET CONDITIONS

We believe there will continue to be a strong market for recycled metals for the foreseeable future driven by:

  • Robust domestic and international demand;

  • Inflationary pressures; and

  • The recent passage of the Infrastructure Investment and Jobs Act.

​We believe this supply/demand imbalance for recycled steel and other metals will create optimal market conditions for Greenwave for the foreseeable future.

 PRICE OF COPPER (COMEX)

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On May 4, 2022, the Company submitted an application to uplist to NASDAQ and believes it can meet its shareholder equity requirements  without any further capital raises.

During Q1 2022, Greenwave grew its revenue 66.91% to $9.92 million over Empire's revenues in the same period in 2021 and generated positive cashflows from operations.

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UTILIZING TECHNOLOGY TO OPTIMIZE OPERATIONS

We have recently implemented several technologies to increase metal processing volumes and operating efficiencies, including a cloud-based ERP system to manage inventories and operations along with a website with live metal prices for each location.

We believe that these systems will create a solid foundation on which we can rapidly expand our facilities and scale our operations.

2022 OUTLOOK

Greenwave's management has set aggressive revenue goals for the coming quarters as we begin rolling up independent, profitable metal recycling facilities. 

The Company is currently installing a second automotive shredder and downstream system, which are expected to double Empire’s capacity and significantly increase its profit margins. These systems are expected to come online during summer 2022.

We have submitted an application to uplist to NASDAQ and believe we will meet its listing requirements without an additional capital raise.

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Significant Environmental Benefits

STEEL IS ONE OF THE WORLD'S MOST RECYCLED MATERIALS

Unlike plastics and other materials, steel is able to be melted and re-cast countless times as it has no structural memory.

Recycling steel, rather than using virgin materials, cuts CO2 emissions by approximately 75% while utilizing approximately 70% less energy.

Currently, two out of every three tons of steel produced comes from recycling, up from one out of every ten tons in 1980. 

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Greenwave by the Numbers

11

Locations and Growing

$37.7M

CAPITAL RAISE

IN NOV 2021

$27.75M

EMPIRE REVENUE GENERATED IN 2021

89

Employees

Time-Tested Relationships

Our
Partners

We have meaningful business relationships with many of the leading companies in the metal recycling industry, some of which have been building for nearly 20 years.

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Press Releases

We believe consistent, honest communication with our shareholders is critical to our success.

Greenwave Reports Record Revenues of $9.92 Million in Q1 2022

May 16, 2022

The Company generated positive cashflows from operating activities and eliminated $44 million in derivative liabilities during the first quarter of 2022