Strategic Environmental & Energy Resources, Inc. has entered into a Memorandum of Understanding with BWAB, Inc. to create a new entity, SEER Corp. International (“SCI”), to be owned 50/50 by SEER and BWAB. BWAB and its European affiliates are exploring opportunities to fund these roll-out and commercialization initiatives. SEER will not be expected to provide funding for the international rollout objectives. Under the proposed terms, SCI will then work with BWAB’s international affiliated companies to add value to SCI and accelerate the monetization of SEER’s assets internationally. After extensive negotiations and due diligence, the parties agreed that the currently owned technologies and IP assets of SEER are well positioned to further many of the European government objectives and address various environmental issues being faced by most of the European countries and neighboring regions.