Are you looking for the best penny stock to buy now? OZOP Energy Solutions announces $124 million contract!
(Spin Digit Editorial):- Colorado Springs, Oct 5, 2020 (Issuewire.com) –
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Are you looking for the best penny stock to buy now? OZOP Energy Solutions is ready to soar. Below is from the companies most recent press release. In this PR OZOP announced their agreement with Precision Power Products worth over $124 million:
OZOP Energy Solutions: PCTI Executes Agreement with PPP (India)
(“Ozop” or the “Company”), has announced that it’s fully owned subsidiary Power Conversion Technologies Inc.(PCTI) has executed a Technology Development Agreement and a Reseller Agreement with Precision Power Products (India) Private Limited (PPP).
1. PPP has entered into a Technology Development Agreement (the TDA) with PCTI. This agreement is structured under three categories: FULL DESIGN, PARTIAL DESIGN and JOINT DESIGN, known as Model B. The purpose of the TDA is to permit PPP to purchase PCTI products and/or components for resale in India under the name PPP.
2. PPP has entered into a Reseller Agreement, whereas PPP will be an active representative in the India market for PCTI, known as contact Model A
Brian Conway, Chief Executive Officer of Ozop stated, “We are excited about this strategic partnership with PPP and look forward to working with their team to expand our reach into new and specific growing markets for PCTI products in India. We believe the combined strengths and synergies of both companies create a perfect opportunity to meet these markets head-on. This partnership is a meaningful step in reaching our goals over the next several quarters and beyond.”
Catherine Chis, President of PCTI noted “We are extremely impressed with PPP and the leadership of Vikas Bhamburdekar, whom I’ve known for many years. The technical staff is exceptional and the breadth of PPP’s group of companies fit us well. Every time we talk, we discover new areas of opportunity for both companies. I’m certain it will be a beneficial collaborative partnership for both parties.”
Vikas Bhamburdekar, Managing Director of PPP expressed, that “We value this strategic partnership with PCTI to bring it’s differentiating technology and products to upcoming and fast-growing markets like India. The timing of this association could not have been better. This will serve various market segments like traditional and emerging, public and private, where we see tremendous opportunity.”
PPP invests the majority of the companies profit into Research and Development and is led by a strong team of technocrats in Power Electronics, Embedded Systems and Software.
PPP has multiple in-house modernized setups to design, develop, manufacture, and test a multitude of electrical, electronic and software products and PPP provides extensive support to customers with offices located in Aurangabad, Mumbai, Delhi, Pune, Bengaluru, Hyderabad, and Visakhapatnam.
Based on PPP’s evaluation, their initial projection of five-year revenue opportunity is placed at $124 Million Dollars.
Precision Power Products (I) Pvt. Ltd. has participated in prestigious defense projects for the Indian Navy, Naval Aviation, Army, Air Force and Shipbuilding Yards. PPP has a large market base in E-Mobility (electric vehicles), high power applications and solar energy and anticipates working with PCTI will open new doors. PPP group companies include state-of-the-art manufacturing facilities, high voltage and low voltage switchboards, automation, printed circuit board assembly, and embedded electronic design unit and an electromagnetic interference and compatibility analysis group. – https://www.precisionpowerproducts.com/
A contract worth in excess of $124 million should at the very least cause you to take a second, third and fourth look at OZSC to add to your portfolio. The CEO of Ozop Energy Solutions also announced that they will start sending international press releases the week of October 5th. That means that you need to purchase shares ASAP if you want to get in before it takes off.
This is not the only thing that PCTI is working on. There are multiple contracts that they have been working to finalize, plus all of the current business that they have in the funnel. PCTI has been operating for over 29 years and has an incredible list of customers.
All of the indications show that this stock will take off very soon, if not this week. As always do your due diligence as there is always a risk with any stock, but the announcement of a $124 million contract, as well as international press coming, is a major catalyst indicator that this is the right time to buy.
This article was originally published by IssueWire. Read the original article here.