ResGreen Group International Inc (OTCMKTS:RGGI) Stock In Focus After Recent News

The mobile robot and software products firm ResGreen Group International Inc (OTCMKTS:RGGI) is one of the companies which could well be on the radars of investors this morning following the developments from Wednesday.

Trading Data

On Wednesday, PBNC stock increased 1.87% to $0.0163 with more than 65K shares, compared to volume of 74.02K shares. The stock moved within a range of $0.0163 – 0.0163 after opening trade at $0.0163.

ResGreen Provides Software-Controlled Outlets that Project Stop Signs for Stanley, a Leading Automotive Supplier

The company announced yesterday that it had engineered and then successfully installed as many as 12 outlets meant for providing stop sign projections for the major automotive supplying firm Stanley. The stop signs in question have been installed by ResGreen Group as the floor of the London, Ohio facility of Stanley and are meant for the benefit of employees as well as forklift drivers.

The Chief Executive Officer of ResGreen Group spoke about the development as well. Patel noted that Stanley had been a customer of the company and had previously been using the BotWay software from ResGreen Group. However, Stanley later contacted the company with regards to the possibility of creating a new product which could boost the safety measures at its facility.

The highly specialized team of engineers at ResGreen Group then worked on the development of the outlets that all connect to the BotWay software. It is now going to be interesting to see if the latest development leads to any move for the ResGreen Group stock or not.

Key Quote

“Stanley was already using our BotWay software when it approached us about creating a new solution to improve safety at its plant,” said Parsh Patel, CEO at ResGreen. “Our experienced engineering team developed the outlets that connect to BotWay software, which turns the dynamic stop signs on when an AGV is close to an intersection.”