Greenwave Technology Solutions, Inc. Awarded Contract Valued at $15 - $35 Million with Core Tree Care, Inc. for Hurricane Helene Recovery Services

CHESAPEAKE, Va., Dec. 9, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. (NASDAQ:GWAV), a leader in sustainable metal recycling across Virginia, North Carolina, and Ohio, is on track to generate $15 – $35 million in revenue through a contract with Core Tree Care, Inc., related to a prime contract with the Army Corps of Engineers. This high-value contract highlights Greenwave's ability to secure strategic partnerships in critical infrastructure recovery efforts.

As part of the extensive recovery efforts in the aftermath of Hurricane Helene, the deadliest U.S. hurricane since Katrina in 2005, Greenwave is playing a significant role in removal and processing of trees in several counties outside of Asheville, North Carolina.

Operating advanced equipment, including one Vermeer and two Morbark Wood Grinders valued at $1.4 million each, the Company is applying the skills and knowledge gleaned from its two decades in metal recycling to wood recycling – a new revenue stream for Greenwave.

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