DarkPulse Inc (OTCMKTS:DPLS) on August 26, 2022, announced that the wholly owned subsidiary, Optilan, has again secured three contracts in the same week.
Trading Data
On Monday, DPLS stock decreased 11.99% to $0.0367 with 44.37 million shares, compared to its average volume 18.78 million shares. The stock moved within a range of $0.0329 – 0.0410 after opening trade at $0.0409.
DarkPulse, Inc. Subsidiary Optilan Again Closes Three Contracts Within Same Week
While the first two related to the Oil and Gas Industry located in Iraq and Qatar, the third contract was for an offshore wind project in the United States. The firm is anticipating finishing all three contracts in about six months with a total value of about USD 3M. Optilan continues with the expansion of the Emergency Response Services and Fibre business unit.
DarkPulse CEO, Dennis O’Leary said that the company is beginning to witness momentum as its subsidiaries expand across several industries. Leary added that the addition of key hires as well as successful streamlining of back office operations will help it grow across all entities.
A global provider of turnkey security and telecommunication services, Optilan also gives services aimed at providing one-stop-shop services for all aspects of communication and security appliances. The firm’s services include the design, installation as well as maintenance of wireless, satellite, fiber transmission, and radio-based systems. These enable the transportation, energy, and critical infrastructure sectors to get innovative applications delivering the resilience, value as well as flexibility.
Headquartered in the UK, Optilan has offices in India, Azerbaijan, UAE, the Middle East, and Turkey.
Key Quote
“We are beginning to see momentum grow as our subsidiaries continue to expand across multiple markets and multiple industries,” said DarkPulse CEO, Dennis O’Leary. “Coupled with new key hires the Company recently announced and the successful streamlining of back office operations, we expect to see continued growth across all entities.”
Technical Data
DPLS stock is trading above the 20-Day and 50-Day Moving averages of $0.0312 and $0.0250 respectively. However, the stock is trading below the 200-Day moving average of $0.0462. The company has a total market capitalization of $209.77 million.
