On Wednesday, Ozop Energy Solutions Inc (OTCMKTS:OZSC) was in the news after its fully owned subsidiary unit Ozop Engineering and Design Inc made a key announcement. Ozop Engineering announced yesterday that it had gone into a partnership with PACE Equity LLC and the latter is going to be its project finance partner.
On Wednesday, OZSC stock moved up 4.92% to $0.0064 with more than 15.91 million shares, compared to volume of 14.70 million shares. The stock moved within a range of $0.0060 – 0.0072 after opening trade at $0.0060.
As per the terms of the agreement, PACE Equity’s financing solutions are going to be offered to the client of Ozop and the value of those solutions would be in the $1,000,000 to $5,000,000 range. The agreement stipulates that Ozop Engineering would be responsible for acting as an agent and referring its green energy solutions development projects to PACE Equity for the purposes of financing.
In essence, Ozop would help PACE in engaging new prospects and get hold of financing and project development agreements. The partnership is also expected to help Ozop in providing its clients the opportunity to get the necessary financing from PACE Equity.
PACE Equity would also provide considerable expertise and experience in the field of project development. PACE Equity is a company which has made its name by providing property assessed commercial clean energy financing. It remains to be seen if the Ozop Energy stock manages to get any traction today.