Greenwave Technology Solutions (NASDAQ: GWAV) is preparing for increased demand for its 100% domestically sourced scrap metal products, including steel, aluminum, copper, and zorba, as U.S. tariffs reshape the industry. President Trump announced a 25% tariff on steel and aluminum imports without exceptions, reinforcing the need for domestic production. Greenwave recently raised its FY 2025 revenue guidance to $47-50 million and reported an inventory value exceeding $6 million. The company has secured government and municipal contracts, acquired real estate to cut annual rent costs by $1.7 million, and expanded its AI-powered Scrap App platform. Positioned in key Mid-Atlantic markets, Greenwave expects to capitalize on shifting supply chains and rising metal prices.
To view the full press release, visit https://ibn.fm/3ErBH
About Greenwave Technology Solutions Inc
Greenwave Technology Solutions, Inc., through its wholly owned subsidiary Empire Services, Inc. (“Empire”), is an operator of 13 metal recycling facilities in Virginia, North Carolina, and Ohio. The Company’s recycling facilities collect, classify, and process raw scrap metal (ferrous and nonferrous).
NOTE TO INVESTORS: The latest news and updates relating to PLG are available in the company’s newsroom at https://ibn.fm/GWAV
About InvestorWire
InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer
InvestorWire
Austin, Texas
www.InvestorWire.com
512.354.7000 Office
Editor@InvestorWire.com
InvestorWire is powered by IBN
