Greenwave Technology Solutions (NASDAQ: GWAV) a leader in sustainable metal recycling, has won an exclusive contract with Virginia Beach, the largest city in Virginia. Under the agreement, Greenwave will be the sole provider of scrap metal recycling services, benefiting from the city's generation of 800 tons of ferrous metal and 179,000 pounds of non-ferrous scrap in 2023, projected to bring in over $500,000 in 2024. As Virginia Beach's only metal recycling facility, Greenwave leverages strategic proximity to NAS Oceana and the Port of Virginia, while its recent real estate acquisitions and robust municipal licensing create significant barriers to entry. Focused on government contracts, the company supports major infrastructure projects, federal operations, and municipal vehicle recycling, aligning with its growth strategy.

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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).

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