General Environmental Management, Inc. (GEVI.OB) Signs LOI with Cake Energy, LLC to Jointly Build and Operate Waste-to-Energy Facilities
General Environmental Management, Inc. announced that it has signed a Letter of Intent (LOI) with Cake Energy, LLC, a privately held waste-to-energy technology company, to build and operate leading-edge waste-to-energy (WTE) facilities in the western United States. “We are excited to announce this LOI for the proposed joint venture with Cake Energy,” stated GEM CEO Tim Koziol. “As previously announced, GEM has committed to entering the WTE market and we could not have found a better partner than Cake Energy. Their technology is truly unique and revolutionary in dealing with the growing problem of managing primary sewage waste, also known…