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Shareholder Update (February 22, 2023)

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This Shareholder Update covers CGE's annual shareholder meeting scheduled for March 3, 2023 and CGE's ceasing to support the OTC Pink market.

CGE Energy Inc. Letter from the CEO

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For over 30 years, CGE Energy, Inc. and its affiliated companies have been at the forefront of developing and implementing long-term energy projects and building self-powered infrastructure to solve the unique energy challenges of its customers.

We have been building upon that legacy and our collective experience over the last three years. During this time, we have continued to develop and implement renewable energy and resiliency projects through our wholly owned Clean Green Energy, Inc. subsidiary. And, at the same time, we established and have built out our wholly owned Aradatum, Inc. subsidiary to develop and commercialize our proprietary, patented vertical axis wind turbine (VAWT) for commercialization as a telecom-anchored microgrid system.

Clean Green Energy, Inc

Consistent with the strategic vision detailed in our prior updates, Clean Green Energy has been and continues to be focused on supporting the market transition to energy efficiency, on-site generation, and storage. Some notable projects in 2023 include, our commissioning of a 250 kW solar project and replacement of an aging street lighting system for a Michigan downtown development agency with a new energy efficient system.

And our future project pipeline continues to present exciting new opportunities, including a largescale, near-MW solar carport project, taking advantage of a client’s large parking area to produce electricity while providing covered parking for its employees. We also have a new battery storage chemistry – LiFePO4 – for use in our new projects to maximize battery longevity and minimize the risk of thermal runaway that has plagued traditional lithium battery solutions.

With these expanding solutions, Clean Green Energy continues to prove that we all have the Power to Make a Difference.™

Aradatum, Inc

We formed Aradatum in 2020, as the lockdowns associated with the COVID-19 pandemic emphasized the importance of connectivity, mobility, and resilience to our collective human experience. Aradatum’s challenge: to re-envision and reinvent classic telecommunication infrastructure from the ground up; to expand connectivity beyond the artificial borders created by our aging and limited electrical grid to the remote and the rural communities on the other side of the “digital divide.”

Building upon our institutional experience and established intellectual property, as well as alpha and beta VAWT sites across North America, our team has worked tirelessly to engineer, market, and develop our innovative and disruptive new infrastructure. Our telecom-anchored microgrid system will overcome the challenges that previously limited the reach of next-generation wireless networks, enabling secure and low-latency communication for IoT, autonomous operation, mobile, broadband, private network, and edge computing application. And, at the same time, we will bring support and parallel the existing, aging and insufficient energy grid, bringing resilient three-phase power to rural and remote communities that lack sufficient, reliable power (often operating on diesel generation).

Having infused $8M in funding since 2021 towards this new system (leaving aside the millions invested previously on our VAWT technology generally), we have engineered and developed our system, and currently are moving to obtain 2D engineering drawings for manufacturing.

In the face of evolving market needs, we’ve pivoted smartly during our engineering. Responding to higher demand for power and installation height from carriers, we’ve engineered a system that is more alluring to clients and highly efficient in power generation. Increasing our installation height from 150 to 200 feet, we are now able to host up to four colocations and generate up to five times more wind power. This smart recalibration not only meets industry demands but also positions us to further enhance system value in the future.

Additionally, as many of you know from our online updates, our team recently was flown to Paris, France after winning Orange Silicon Valley’s Green IT Challenge 2023 to meet and discuss development opportunities with Orange, one of the world’s leading telecommunication operators.

The trip was a resounding success. We successfully showcased Aradatum to an enthusiastic crowd, piquing the interest of hundreds of key figures in the industry. Likewise, we held several positive meetings with various Orange business units, nurturing connections that have the potential to generate both immediate and long-term benefits. We look forward to seeing where these promising leads take us as we continue to progress.

We now have the finish line for our pilot in sight. We have Letters of Intent for two locations, we are negotiating an agreement for international developments, and we are working with investment advisors and pursuing various opportunities to raise the additional capital necessary to complete. With this anticipated investment, our team, and your continued support, we expect our first pilot installation early next year, followed by additional installations in the U.S. and abroad, bringing us ever closer to the universal goal of achieving access absolutely anywhere.™

My Personal Commitment

Throughout my time as CEO of CGE, I’ve had the privilege of interacting with many of you personally. Those who have been with us on this journey are familiar with the challenges we’ve overcome since our transition from MKBY and its previous management team.

In the entrepreneur’s journey, obstacles and growing pains are inevitable, and my experience is no exception. During the past few years, we have weathered government shutdowns due to COVID-19, investors who failed to deliver on promises, and increasing requirements for operating and development capital.

Ultimately, I made my personal commitment to CGE and its shareholders, of which I am the largest, that we would succeed together and empower the world. That commitment is as strong today as it ever was, and I thank you again for your own commitment and your continued support.

Sincerely,
Bryan Zaplitny
President/CEO

To the extent that you have questions regarding the Company, product development, and its strategic vision, we have endeavored to provide not confidential information as part of our shareholder Frequently Asked Questions (FAQ) and Shareholder updates, which is located at https://cgeenergy.com/update.

This update may contain “forward-looking statements” that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by certain words or phrases such as “may”, “will”, “aim”, “will likely result”, “believe”, “expect”, “will continue”, “anticipate”, “estimate”, “intend”, “plan”, “contemplate”, “seek to”, “future”, “objective”, “goal”, “project”, “should”, “will pursue” and similar expressions or variations of such expressions. These forward-looking statements reflect the Company’s current expectations about its future plans and performance. All forward-looking statements included in this update are based on information available to us on the date hereof and speak only as of the date hereof. We undertake no obligation to update or revise publicly any forward-looking statements. Actual results may differ materially from those projected in the forward-looking statements.