Greenwave Technology Solutions Inc (GWAV) USD0.001

Greenwave Technology Solutions, Inc., through its wholly owned subsidiary Empire Services, Inc., is an operator of 13 metal recycling facilities in Virginia, North Carolina, and Ohio. Its recycling facilities collect, classify, and process raw scrap metal (ferrous and nonferrous) and implement several unique technologies to increase metal processing volumes and operating efficiencies, including a downstream recovery system and cloud-based ERP system. Its segments include Scrap Metal Recycling, Hauling, and Other. It collects, classifies, and processes appliances, construction materials, end-of-life vehicles, boats, and industrial machinery. Its main product is ferrous metal, which is used in the recycling and production of finished steel. It is categorized into heavy melting steel, plate and structural, and shredded scrap, with various grades of each of those categorizations based on the content, size and consistency of the metal. It also processes nonferrous metals.