NetworkNewsBreaks – Spectrum Global Solutions In
Post# of 848
(Total Views: 260)
Posted On: 08/02/2019 4:52:42 PM
NetworkNewsBreaks – Spectrum Global Solutions Inc. (SGSI) Eyes Future Growth Following WaveTech GmbH Acquisition
Leading telecommunications engineering and infrastructure services provider Spectrum Global Solutions (OTCQB: SGSI) recently announced the acquisition of German energy, infrastructure technology company WaveTech GmbH (http://nnw.fm/kqM1B). The transaction will provide SGSI access to WaveTech GmbH’s suite of patents and products. An article discussing the company reads, “WaveTech GmbH is a company funded by private equity that has developed patented technology using electrodynamic fields to stimulate the growth of desired crystals or to prevent unwanted crystals, known as Crystal Control Technology (‘CCT’), specifically as those crystals apply to the lifespan effectiveness of lead-acid batteries used in a variety of energy storage applications (http://nnw.fm/7zU2v). . . . ‘In the last year we have been transitioning from a German-based company that provided a unique battery-life extension product into an innovative global technology company. We have established a solid platform for commercialization of our CCT product line with leading global partners, and we have a solid pipeline of additional opportunities,’ WaveTech GmbH CEO and Founder Dag Valand stated in a news release. ‘This transaction allows us to deliver to our shareholders and the shareholders of Spectrum increased value, capabilities and expanded market presence for which to capitalize on.’ . . . Spectrum Global CEO Roger Ponder stated that the combined companies will have an agreed-upon value of approximately $120 million and will support Spectrum’s previously announced plans for its future.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Leading telecommunications engineering and infrastructure services provider Spectrum Global Solutions (OTCQB: SGSI) recently announced the acquisition of German energy, infrastructure technology company WaveTech GmbH (http://nnw.fm/kqM1B). The transaction will provide SGSI access to WaveTech GmbH’s suite of patents and products. An article discussing the company reads, “WaveTech GmbH is a company funded by private equity that has developed patented technology using electrodynamic fields to stimulate the growth of desired crystals or to prevent unwanted crystals, known as Crystal Control Technology (‘CCT’), specifically as those crystals apply to the lifespan effectiveness of lead-acid batteries used in a variety of energy storage applications (http://nnw.fm/7zU2v). . . . ‘In the last year we have been transitioning from a German-based company that provided a unique battery-life extension product into an innovative global technology company. We have established a solid platform for commercialization of our CCT product line with leading global partners, and we have a solid pipeline of additional opportunities,’ WaveTech GmbH CEO and Founder Dag Valand stated in a news release. ‘This transaction allows us to deliver to our shareholders and the shareholders of Spectrum increased value, capabilities and expanded market presence for which to capitalize on.’ . . . Spectrum Global CEO Roger Ponder stated that the combined companies will have an agreed-upon value of approximately $120 million and will support Spectrum’s previously announced plans for its future.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
(0)
(0)