Triad Pro Innovators Inc. (OTCMKTS:TPII) has come up with a proprietary device that can be used in multiple ways to store electricity. This newly developed power supply provides storage systems with excellent operational flexibility. The Triad Pro energy cell utilizes proprietary hardware and software solutions, to be configured in order to store energy at a rate limited only by the network providing it. The energy is then released in a regulated manner, depending upon the application, which allows for flexibility unknown in current chemical battery-based storage systems.
Trading Data
On Wednesday, TPII stock moved up 8% to $0.0190 with more than 1.16 million shares, compared to its average volume of 319K shares. The stock moved within a range of $0.0165 – 0.0191 after opening trade at $0.0165.
Triad Pro Innovators Enters into a Sales MOU to Provide Frontier Power Products 200 Patent Pending Electrical Storage Cells
Triad Pro Innovators, Inc. announced on June 29, 2022, about signing a memorandum of understanding (MOU), with Frontier Power Products. The agreement states that Frontier will become the OEM and sales company for the first 50 portable lighting units and/or gen sets. It also binds Triad Pro Innovators and Frontier to negotiate an ongoing distribution deal granting Frontier exclusive distribution rights in Canada.
Frontier has paid Triad Pro Innovators for the delivery of the first 100 energy storage units, in order to complete the assembly of the initial 50 portable light towers/gen sets. There are four 1.38kW energy storage cells per light tower/gen set, so the prepayment will properly cover the cost of the first 100 Triad energy cells to be utilized in the 1st 25 light towers/gen sets.
Estimated at $3.5 billion in 2020 and growing at a CAGR of 6.5% according to GMI, the portable lighting tower market is a significant global industry. The worldwide potential for gen-sets is estimated at $20 billion. The agreement with Frontier Power Products will see Triad Pro Innovators’ energy storage units address a substantial portion of that market.
Triad Pro Innovators CEO, Murray Goldenberg has commented that they are excited to partner with Frontier as their OEM, and potentially as a future distributor. Frontier is a certified vendor to several major potential clients for the off-road mobile light towers and gen-sets, particularly in the Alberta oil sands, so the partnership will prove to be immensely beneficial. Their forte in engineering will even ensure the mobile light towers and gen sets are of the best quality.
Key Quote
“Our clients run high-stakes, 24/7 operations in some of the coldest and harshest conditions on the planet, so our number one priority is to deliver them a reliable product. We stake our reputation on it, and Triad’s recent field tests have demonstrated that its electronic storage cell is more than capable of delivering on that front,” said Gary Potter, Vice President & General Manager of Frontier Power Products.
Technical Data
TPII stock is trading above the 20-Day and 50-Day Moving averages of $0.0188 and $0.0188 respectively. However, the stock is trading below the 200-Day moving average of $0.0232.
