Fresh news about a key project almost always leads to greater attention for a company’s stock, and hence, it would not be a surprise if the Asia Properties Inc. (OTC:ASPZ) stock sparks the interest of market participants this morning. Yesterday, the company was in focus after it made such an announcement, and in this feature, we will take a closer look.
The Update
In the news release from Asia Properties yesterday, the company announced that it had engaged the services of a team of seasoned railway professionals based out of Poland and Germany. The professionals will help the company in taking forward its hydrogen-powered locomotive retrofit project in Europe. It was noted that the new team had more than three decades of experience in the European railway freight space and would provide key expertise to ensure that the transformational project turned out to be a success.
Further Information
The project in question would involve the work of retrofitting an existing diesel locomotive with a HyoOrcs hydrogen engine. The retrofitting would make it possible for the locomotive to operate for 700 kilometers before any need for refueling. It may be a good time for investors to consider adding the Asia Properties stock to their watch lists.
