DarkPulse Inc. (OTCMKTS:DPLS) soared 25% after announced the completion of the Optilan acquisition. Optilan is a private firm incorporated in the UK to provide communication and security systems plus integration services. Its services include installation, design, support, commissioning, and maintenance services to various blue-chip companies. Optilan’s products include CCTV, perimeter detection, access control, telephony, networks, satellite communications, fiber installation, and alarms. So far, Optilan has designed a large number of leak detection and pipeline intrusion globally through optical sensing tech.
Dennis O’Leary, DarkPulse’s CEO, said that the completion of the acquisition is a massive leap in the company’s expansion into vital global infrastructure markets. He added that Optilan is a recognized leader with over 30 years with a massive operational footprint, and an experienced team that will be a great addition to DarkPulse.
As per the agreement terms, DarkPulse has acquired 100% of the company in cash consideration and will invest more resources in Optilan’s continuing operations. The acquisition positions DPLS to access more key markets, and it’s worth watching in the coming days.
Market Reaction:
On Thursday, DPLS stock soared 25% at $0.1359 with more than 84.24 million shares, compared to its average volume of 106.18 million shares. The stock has moved within a range of $0.1100 – 0.1361 after opening the trade at $0.1101.
