Viper Networks, Inc. (OTCMKTS:VPER), announced today a Joint Venture agreement with BIET Technologies Group to partner on the deployment of renewable energy power projects in several countries including USA, South Africa, Sri Lanka, and Malawi.
Market Action
As of 10:45 shares of VPER are up 80% trading at .029 up .013 on the day. Shares of VPER are slightly above the previous April high of .0287 which could send it higher. Volume is almost 400 million shares on the day already 4 times its 30-day average daily volume. Potential pivot points to keep an eye on above are .033 and .046.
According to the release Abdelhakim Hassabou Ph.D. Chairman of BIET Technologies Group and Mr. Farid Shouekani, CEO of Viper Networks jointly emphasize: Solar Renewal Energy is foreseen to be the most important clean resource that can be utilized into many applications and projects we are developing. We will launch an innovative hybrid solar Photovoltaic & Thermal energy collector (PV-T); “HASSABOU COLLECTOR” to generate power around the clock 24 hours per day with a simple hot water storage that eliminates all the hurdles associated with contemporary solar technologies both in Concentrating Solar Power (CSP) with molten salt thermal storage and PV with batteries. We will start with multiple power productions projects ranging from 50 MW to 100 MW as the license permits valued at $150 Million Dollars. Massive power plants using the innovative PV-T integrated with other technologies developed by VIBER as well as other industry partners from the USA, Germany and Europe will be installed in multiple countries in the next few years.
Viper Networks is a manufacturer and distributor of highly-efficient Smart LED lighting to provide proprietary LED lighting and Media Infrastructure solutions and Smart Cities Technologies for streets and cities, and highways, parking lots and warehousing facilities everywhere, in addition to solar energy products.
Traders will want to keep an eye on VPER to see what happens now the shares are trying to break out.
 Signs $150 Million JV Agreement. Stock Up Big.){kind=link}