TPT Global Tech Inc (OTCMKTS:TPTW) on September 1, 2022, confirmed receiving Teaming Memorandum from Joe Turnham, Director of the Macon County Economic Development Authority. This will be for the Cooperation of Design, Manufacturing, Investment, and Management of Projects in the City of Tuskegee Alabama. These would be for creating Industrial Smart Parks, Smart Cities as well as CSR Projects.
Trading Data
On Thursday, TPTW stock slid 5.56% to $0.0051 with more than 961.46K shares, compared to its average volume of 1.19 million shares. The stock moved within a range of $0.0051 – 0.0058 after opening trade at $0.0054.
TPT Global Tech, Inc. Recieves A Teaming Memorandum From The Director Of The Macon County Economic Development Authority For The Development Of Smart City Projects Througout The County
Joe Turnham, Director, Macon County Economic Development Authority, said that housing, development of manufacturing, utility as well as other businesses for Macon County will be a significant boost for citizens and the area. The Director added that it would provide an opportunity to the people of Tuskegee with Stephen Thomas and the team being an ideal partner for the envisioned Smart Cities project.
TPT Chairman and CEO Stephen J. Thomas said that this was a logical step in the partnership as well as the project. Stephen added that it would position the firm for other similar projects around the globe. The CEO believes it will give the opportunity to make a huge impact on the company’s financial future.
MCEDA’s strategic plan identifies a lack of housing entailing private investment. MCEDA has a 10-year strategic plan for capturing the 21st-century manufacturing near its Interstate 85 locations. Both TPT and MCEDA see mutual ways of collaboration on the projects.
Key Quote
“From housing to the development of manufacturing, industrial, utility and other businesses for Macon County, this is a huge boost for the area and its citizens that will yield jobs, updated services and produce opportunity for the people of Tuskegee and beyond that will be felt for decades,” said Joe Turnham, Director, Macon County Economic Development Authority who issued the Teaming Memorandum. “Stephen Thomas and his TPT team bring a full complement of expertise to the effort ranging from finance to expertise in telecommunications and beyond and make an ideal partner for the Smart Cities projects we envision.”
Technical Data
TPTW stock is trading below the 20-Day and 50-Day Moving averages of $0.0057 and $0. 0059 respectively. Moreover, the stock is trading below the 200-Day moving average of $0. 0090. The company has a total market capitalization of $4.7 million. The stock is down 12% over the past month.
