Cybernetic Technologies Ltd (OTCMKTS:HPIL) jumped 27% and 52% in a week. The company has announced that the OTC has approved its OTCIQ application effective immediately. Following the approval, CEO Stephen Brown said that the company will continue as the holding parent company forApogee Dynamics, Cybernetic Technologies, World Gaming Group, Medusa Artificial Intelligence, and WNFT Procurement.
Brown said that they are delighted with the accomplishment within a short period, and they will continue with their aggressive and transparent business acumen. The OTC Quote on August 10, 2021, read, “Congratulations! Your application for OTCIQ service has been approved.” The CEO received the OTCIQ Agreement through DocuSign.
Recently, Cybernetic Technologies announced the launch of “MEDUSA INTEL Technology Ltd.” This is a subsidiary that Cybernetic Technologies unveiled to enter the Artificial Intelligence world in partnership with various partners the company has been collaborating with. Also, Cybernetic Technologies has announced the signing of an NDA to enter negotiations with ANSYS regarding how the companies can work on Apogee D7’s Power Train Management System.So in weeks to come, HPIL is worth watching.
Market Reaction:
On Wednesday, HPIL stock soared 27% to $0.0090 with more than 973.61 million shares, compared to its average volume of 375.96 million shares. The stock has moved within a range of $0.0073 – 0.0100 after opening the trade at $0.0073.
