Viper Networks Inc (OTCMKTS:VPER) is a global leader in the LED Street lights products space as well as in the smart cities systems and solutions industries. Yesterday, the Viper Networks stock was in considerable focus among investors and had ended up with gains of as much as 40% amidst heavy interest.
Trading Data
On Wednesday, VPER stock jumped 40% to $0.0014 with 166.06 million shares, compared to its average volume 10.91 million shares. The stock moved within a range of $0.0010 – 0.0017 after opening trade at $0.0011.
Viper Networks and Gr8 Seas Holdings with EarthWind Technologies and General Turbo Announce JV and Future U.S. Manufacturing Agreement
The company came into focus yesterday after it announced that it had gone into a joint venture and the United States manufacturing agreement with the company EarthWind LLC. EarthWind is an engineering and renewable energy systems company which is based out of Delray Beach in Florida.
The announcement was a significant one for the company and the optimism from investors was perhaps not misplaced. This agreement is going to help Viper Networks as well as its joint venture partners with the task of developing renewable energy solutions of a turnkey nature.
Some of those energy solutions could be for 1KW to 1 GW worth of technologies which are going to be deployed in magnetic generation drives, wind turbines, and solar fields. There are other joint venture partners involved as well. One of those is Gr8 Seas Holdings Inc and the other is SC General Turbo SA, which is based out of Romania.
Key Quote
Mr. Farid Shouekani, Viper Networks CEO and President commented: “By working closely with our strategic investment partners, we should be able to start manufacturing in the U.S within six months. The extraordinary team of professionals at EarthWind Technologies, General Turbo, Viper Networks, and Gr8 Seas hold the promise of delivering unapparelled products and solutions capable of generating major industry growth throughout the green energy sector for decades to come.”
Technical Data
VPER stock is trading above the 20-Day and 50-Day Moving averages of $0.0011 and $0.0023 respectively. However, the stock is trading below the 200-Day moving average of $0.0022. The company has a total market capitalization of $8.30 million.
