Sparta Group Positions its Energy Division to Take Advantage of Booming Energy Management Market Growth

TORONTO, ON / ACCESSWIRE / June 29, 2023 / Sparta Group (TSXV:SAY)(OTC PINK:SCAXF) (the "Corporation", the "Company", "Sparta Group", "Sparta Capital", "SAY.V" or "Sparta), has been positioning its Energy division to take full advantage of what market analysts predict will be booming growth in the energy management market over the next 5+ years.

Fortune Business Insights estimates the global energy management market size will grow from USD 31.75 billion this year to USD 82.34 billion by 2030.

Sparta has taken a strategic approach to preparing for energy management demand within the industrial and commercial sectors through collaboration and development of key partnerships. For instance, aligning with Legend Power Systems Inc. to provide a more robust platform to commercial clients to reduce energy waste. This, along with Sparta's extensive suite of energy management/mitigation technologies and services, makes the Company's Energy division a viable option for thousands of industrial and commercial enterprises looking to reduce energy use/costs.

"We have been slowly building a suite of technologies that can be adapted to meet the specific needs of industrial and commercial clients who are looking to reduce energy use, reduce carbon footprint and demonstrate they are responsible corporate citizens. With so many tools under one roof, it means clients don't have the normally daunting task of having to shop around for best solutions to each energy challenge they face. We've got them covered," said Dan Slade, Director of Sparta's Energy division.

As Canadian Wildfires continue to rage, destroying thousands of hectares of forest and forcing community evacuations, pressure mounts on not only government officials to act on climate change, but businesses as well. Companies across North America are facing scrutiny from regulators, investors, and other stakeholders to meet environmental, social and governance (ESG) goals. While some well-known companies have already taken the lead on lowering carbon emissions, lesser-known, smaller organizations are now realizing the need to act. Many are starting with a comprehensive energy audit. Sparta's energy auditing provides transparency, helping businesses take control of their consumption and costs while also offering modern, technological solutions to save energy.

"It's not just about saving money though, climate-related risks are now taken more seriously by investors and consumers so the greener and more efficient your business, the more likely it will survive," added John O'Bireck, Sparta's President and CTO.

About Sparta

Sparta Group™ is leading a green revolution in the business world with advanced technologies that reduce carbon footprint, save money, and enhance public image. Our products solve problems by leveraging Web 3 technologies such as artificial intelligence, blockchain and machine learning to fast-track the transition towards a sustainable future.

With Sparta, businesses can optimize their energy usage, upcycle electronic waste and accelerate health technologies such as autonomous medicine. Our symbiotically structured divisions - Environment, Innovation and Energy - enable us to deliver customized solutions that fit the specific needs of each client.

We take pride in being the first North American company to provide verified high-quality carbon credits to our customers through electronic waste processing. Our state-of-the-art facilities in Toronto, Canada, and Oman (Arabian Peninsula) ensure that we are at the forefront of reducing the impact of e-waste on our environment.

Sparta is a publicly traded company listed on the TSX Venture Exchange under the ticker symbol "SAY" (TSXV:SAY) and (OTC PINK:SCAXF). Additional information is available at www.spartagroup.ca or on SEDAR at www.sedar.com.

For more information contact:

John O'Bireck, President & CTO
Email: jobireck@spartagroup.ca
Telephone: (905) 751-8004

This above may contain "forward-looking information" within the meaning of applicable securities laws. When used in this address, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although the Corporation believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, readers are cautioned to not place undue reliance on forward-looking information because the Corporation can give no assurance that they will prove to be correct. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date of publication of this information and the Corporation undertakes no obligation to update such forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Furthermore, the Corporation undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Corporation. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

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SOURCE: Sparta Group