Bitech Technologies Corporation announce the launch of its previously announced initiative to enter into the Building Energy Management System (BEMS) business. In a strategic advancement to further enhance its technology offerings, the Company has developed innovative technology solutions specifically designed for MDU (Multi Dwelling Unit) buildings. The Company has received an initial purchase order constituting a BEMS master contract of Virtual Power Plant (VPP) Program designed to save electricity for approximately 4,000 MDU units from a strategic customer who is working with PJM, a Regional Transmission Organization (RTO) that coordinates the movement of wholesale electricity in the District of Columbia in the U.S. and all or parts of 13 states including Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia.

The Company recognizes that opportunities with RTOs and owners of MDUs are the key to achieving the fastest growth for energy-saving integrated solutions. With the rising demand for sustainable and cost-effective energy solutions, it see immense potential in partnering with them to implement innovative ADR4 (Automated Demand Response) technology. This will not only benefit the MDU owners and residents by providing them with significant energy savings but also contributes towards a greener future for all.

Bitech Technologies is committed to continuously improving and expanding services to cater to the increasing demand for energy efficiency in the MDU market, making it one of the newest focus areas for forward-looking revenue growth strategy. After months of research and development, the Company is proud to unveil its latest technology solution specifically designed for MDU buildings. This new development marks a significant milestone for Bitech Technologies, as it not only strengthens its position in the market but also opens a new revenue stream.

The Company's dedication to pioneering cutting-edge solutions has proven to be fruitful with an initial purchase order for this initiative, where its management believes this high margin business lays the foundation for an expectedly profitable 2024 fiscal year.