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Posted On: 08/12/2024 9:42:28 AM
Post# of 36238
$ASPZ announces completion of purchase of SRE Power and appointment of new board
https://www.otcmarkets.com/otcapi/company/dns...24/content
ASPZ Announces Completion of Purchase of SRE Power and Appointment of New Board
CHEYENNE, WY / ACCESSWIRE / August 12, 2024 / Asia Properties Inc. (OTC PINK: ASPZ) has completed the acquisition of Houston-based hydrogen technology company, SRE Power Inc., in a transaction that valued SRE at $72 million at closing.
A new board of directors has been appointed, including tech entrepreneur K. Reginald Fubara, Founder & CEO of SRE Power, as the new CEO of the combined group. Also joining as board members are clean energy technology venture capital investor, James McNaught-Davis, and Shinichi Hirano, the world-renowned hydrogen scientist with more than 20 patents related to the advancement of various hydrogen technologies.
Management Statements:
Speaking about HyOrc’s innovative technology, Shinichi Hirano said, “The unparalleled cost savings and impressive efficiency of the HyOrc is unmatched as a clean heavy-duty powertrain.”
Reginald Fubara, CEO, added, “The ORCs are coming...”
SRE Power Inc.
SRE Power, Inc. is a pioneering cleantech company with technology derived from five revolutionary mobility & power patents. The company is dedicated to developing the innovative HyOrc technology for use in decarbonizing various industries, with a focus on sustainability and performance. SRE is currently rolling out a portfolio of renewable energy power plants which include geothermal, waste heat recovery, and hydrogen power.
The company anticipates annual revenues of $3.5 billion within four years from the launch of its revolutionary HyOrc heavy-duty engine, designed for trucks, trains, and ships. The patented HyOrc engine is poised to disrupt the EV & Fuel Cell powertrain sector with its unparalleled efficiency, zero emissions, extended range, and unmatched cost-effectiveness. Widespread adoption could cut fuel costs by 30% and create millions of jobs, marking it out as the most significant leap in powertrain technology progress in decades.
ASPZ is now changing its name to HyOrc Corporation.
https://www.otcmarkets.com/otcapi/company/dns...24/content
ASPZ Announces Completion of Purchase of SRE Power and Appointment of New Board
CHEYENNE, WY / ACCESSWIRE / August 12, 2024 / Asia Properties Inc. (OTC PINK: ASPZ) has completed the acquisition of Houston-based hydrogen technology company, SRE Power Inc., in a transaction that valued SRE at $72 million at closing.
A new board of directors has been appointed, including tech entrepreneur K. Reginald Fubara, Founder & CEO of SRE Power, as the new CEO of the combined group. Also joining as board members are clean energy technology venture capital investor, James McNaught-Davis, and Shinichi Hirano, the world-renowned hydrogen scientist with more than 20 patents related to the advancement of various hydrogen technologies.
Management Statements:
Speaking about HyOrc’s innovative technology, Shinichi Hirano said, “The unparalleled cost savings and impressive efficiency of the HyOrc is unmatched as a clean heavy-duty powertrain.”
Reginald Fubara, CEO, added, “The ORCs are coming...”
SRE Power Inc.
SRE Power, Inc. is a pioneering cleantech company with technology derived from five revolutionary mobility & power patents. The company is dedicated to developing the innovative HyOrc technology for use in decarbonizing various industries, with a focus on sustainability and performance. SRE is currently rolling out a portfolio of renewable energy power plants which include geothermal, waste heat recovery, and hydrogen power.
The company anticipates annual revenues of $3.5 billion within four years from the launch of its revolutionary HyOrc heavy-duty engine, designed for trucks, trains, and ships. The patented HyOrc engine is poised to disrupt the EV & Fuel Cell powertrain sector with its unparalleled efficiency, zero emissions, extended range, and unmatched cost-effectiveness. Widespread adoption could cut fuel costs by 30% and create millions of jobs, marking it out as the most significant leap in powertrain technology progress in decades.
ASPZ is now changing its name to HyOrc Corporation.
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