PCTL * As of April 6, 2020 , the Company sold 270,000 Series C Convertible Preferred Shares for $270,000. I have always assumed the $270k funds were raised "for or from Werks" for expanding their operation and will increase parts and assembly production to meet PCTL’s growing demand
This above was in the last 10Q in NOTE 13. SUBSEQUENT EVENTS
What happened the next day? PR announcement
PCT LTD Increases Fluid Capacity, Hires New Design Engineer, Ramps Up Midwest Fulfillment Capabilities BUSINESS WIRE | 04/07/2020
PCT LTD Obtains EPA Approval for Emerging Pathogens Labeling for Use Against SARS-CoV-2, the Novel Coronavirus That Causes the Disease COVID-19BUSINESS WIRE | 03/27/2020
PCT LTD Expands Production Capacity and Accelerates Hypochlorous Acid Production and Sales BUSINESS WIRE | 03/25/2020
I did not know Werks was already doing Production & Assembly for the Annihilyzer? I just thought they were a Parts Supplier?
Werks Manufacturing will be able to scale up production quickly!
FORM 10-K
? ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2018
Production, Assembly and Principal Suppliers
Annihilyzer ® Infection Control Systems Assembly: Annihilyzer generator systems are tested and assembled in Little River and the other outsourced components for the Annihilyzer ® Infection Control System are shipped to Werks Manufacturing Inc., Ft. Wayne, Indiana for final assembly in the Annihilyzer ® Station cabinet.
The Stations and the ESS Carts are manufactured by Werks who specializes in manufacturing and fabricating fiberglass products and Kiosks.
The Annihilyzer® Station and ESS Cart manufacture and system assembly is performed by Werks on a purchase order basis.
https://www.otcmarkets.com/filing/html?id=133...FrrYvbXkyh
PCT LTD Increases Fluid Capacity, Hires New Design Engineer, Ramps Up Midwest Fulfillment Capabilities
The company has also been hiring additional support staff to support growing business operations. Most recently, the company engaged Joseph Tippmann, graduate of The University of Michigan’s Industrial Design and Architecture program, as a new design engineer. Tippmann joined the company on a contract basis initially and has spent the past two weeks performing design updates on Annihilyzer and Hydrolyte Rack systems in addition to helping design a more modular system for easier assembly.
Tippmann is also a co-owner of Werks Manufacturing, a Fort Wayne, Indiana based *manufacturing company which PCTL engages for the purpose of manufacturing and assembling parts for use in the company’s Annihilyzer® Infection Control System and other systems.*
Werks Manufacturing is expanding their operation and will increase parts and assembly production to meet PCTL’s growing demand. In addition, Werks will also serve as a fluid depot for PCTL’s clients in the northern Midwest part of the United States. Werks will initially be capable of producing up to 4,000 gallons per day of disinfecting fluids, including Hydrolyte®, for sale and use by PCTL to clients in Detroit, Chicago, and throughout the region. This fluid production capacity can be increased as needed to serve growing demand.
“We are continuing our rapid growth plans,” says Grieco. “Through strategic partnerships, distribution agreements, and more, we are gaining market share, increasing revenue at a rapid pace, and growing our business both quickly and efficiently.”
https://www.otcmarkets.com/stock/PCTL/news/st...id=1570560
This above was in the last 10Q in NOTE 13. SUBSEQUENT EVENTS
What happened the next day? PR announcement
PCT LTD Increases Fluid Capacity, Hires New Design Engineer, Ramps Up Midwest Fulfillment Capabilities BUSINESS WIRE | 04/07/2020
PCT LTD Obtains EPA Approval for Emerging Pathogens Labeling for Use Against SARS-CoV-2, the Novel Coronavirus That Causes the Disease COVID-19BUSINESS WIRE | 03/27/2020
PCT LTD Expands Production Capacity and Accelerates Hypochlorous Acid Production and Sales BUSINESS WIRE | 03/25/2020
I did not know Werks was already doing Production & Assembly for the Annihilyzer? I just thought they were a Parts Supplier?
Werks Manufacturing will be able to scale up production quickly!
FORM 10-K
? ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2018
Production, Assembly and Principal Suppliers
Annihilyzer ® Infection Control Systems Assembly: Annihilyzer generator systems are tested and assembled in Little River and the other outsourced components for the Annihilyzer ® Infection Control System are shipped to Werks Manufacturing Inc., Ft. Wayne, Indiana for final assembly in the Annihilyzer ® Station cabinet.
The Stations and the ESS Carts are manufactured by Werks who specializes in manufacturing and fabricating fiberglass products and Kiosks.
The Annihilyzer® Station and ESS Cart manufacture and system assembly is performed by Werks on a purchase order basis.
https://www.otcmarkets.com/filing/html?id=133...FrrYvbXkyh
PCT LTD Increases Fluid Capacity, Hires New Design Engineer, Ramps Up Midwest Fulfillment Capabilities
The company has also been hiring additional support staff to support growing business operations. Most recently, the company engaged Joseph Tippmann, graduate of The University of Michigan’s Industrial Design and Architecture program, as a new design engineer. Tippmann joined the company on a contract basis initially and has spent the past two weeks performing design updates on Annihilyzer and Hydrolyte Rack systems in addition to helping design a more modular system for easier assembly.
Tippmann is also a co-owner of Werks Manufacturing, a Fort Wayne, Indiana based *manufacturing company which PCTL engages for the purpose of manufacturing and assembling parts for use in the company’s Annihilyzer® Infection Control System and other systems.*
Werks Manufacturing is expanding their operation and will increase parts and assembly production to meet PCTL’s growing demand. In addition, Werks will also serve as a fluid depot for PCTL’s clients in the northern Midwest part of the United States. Werks will initially be capable of producing up to 4,000 gallons per day of disinfecting fluids, including Hydrolyte®, for sale and use by PCTL to clients in Detroit, Chicago, and throughout the region. This fluid production capacity can be increased as needed to serve growing demand.
“We are continuing our rapid growth plans,” says Grieco. “Through strategic partnerships, distribution agreements, and more, we are gaining market share, increasing revenue at a rapid pace, and growing our business both quickly and efficiently.”
https://www.otcmarkets.com/stock/PCTL/news/st...id=1570560
