CyberFuels Inc (OTCMKTS:ECSL) Stock On Radar After Recent Development

Wholly-owned subsidiary of Encounter solutions, CyberFuels Inc (OTCMKTS:ECSL) on October 7, 2022, announced signing an Agreement with Trucking Tower for expanding sales as well as marketing footprint. The focus of this is to help fleet executives lower fuel consumption as well as reduce maintenance costs.

Trading Data

On Friday, ECSL stock decreased 2.34% to $0.7304 with more than 59.44K shares, compared to its average volume of 32.84K shares. The stock moved within a range of $0.7020 – 0.7400 after opening trade at $0.7288.

EncounterCare Solutions / CyberFuels Inc™ & Trucking Tower™ Partner to Reduce Fuel Consumption

Per John Lawrence, President of CyberFuels Inc said that having CEO Andy Hedrick of Trucking Tower and the team has increased the distribution reach and sales of CyberFuels. Lawrence added that the firm is thrilled to dig deeper into Andy’s marketing approaches, which will enhance sales both for Dynamo All-In-One additives and also open opportunities for custom blended fuels.

Andy Hedrick, CEO of Trucking Tower said that it is a strategic partnership to assist clients in cutting costs through reduced emissions, lower fuel use, and low maintenance. Hedrick added that the experience of the firm with more than 200 fleets and social media followers will help in expanding CyberFuels Inc’s additive and blended-fuel market penetration substantially.

Trucking Tower SaaS platform will give detailed fuel economy business intelligence reporting. The CEO added that the firm is excited about sharing news with fleet executives, employees, and investors making up the ever-growing Trucking Tower network. The CEO also said that the mission is to assist supply chain companies to lower costs as well as streamline operations.

Key Quote

Per John Lawrence, President of CyberFuels Inc™, “Having Trucking Tower, CEO Andy Hedrick, and his team on board dramatically increases CyberFuels sales and distribution reach. I have also been thrilled to dig deeper into Andy’s marketing approaches that will enhance CyberFuels sales, not only for our Dynamo All-In-One additives for both diesel and marine engines, but also open opportunities for CyberFuels custom blended fuels, and an online retail e-commerce offering that we do not have at this time.”

Technical Data

ECSL stock is trading below the 20-Day and 50-Day Moving averages of $0.74 and $0.75 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.79. The company has a total market capitalization of $53 million.