Premier Products Group, Inc (OTCMKTS:PMPG) is one the biggest gainers this morning as investors reacted to the company’s positive announcement.
Market Action
As of 10:54, PMPG stock soared by 71% at $0.06. Total volume was 19.71 million shares, well above its average volume of 2.14 million shares. The stock moved in a range of $0.0358 – 0.0668 after opening at $0.0375.
Premier Products Group, Inc. and VERSES Signs Proof of Concept MOU for Lidar/Drone Management Technology
- announce it has signed a Memorandum of Understanding with VERSES, a smart city/drone and spatial web management company. Currently, VERSES leads the European Union (EU) Digital Government Transformation with the first multi-city drone project. VERSES also provides enterprises, organizations and governments with an extensive suite of integrated technologies that offer powerful spatial rights management capabilities to enable dynamic workflows, verifiable traceability, intelligent automation and collaborative ecosystems that address the need for multi-party privacy, security and interoperability by design.
PMPG had a meeting with the Mayor of Miami in May to discuss moving forward with Miami’s Smart City Initiative and planning to have a Proof of Concept meeting in June with Miami department heads to get the Proof of Concept project moving forward. “This is an exciting time for PMPG. We are now scheduling meetings with other major cities. In June PMPG will have a second meeting with department heads with-in the City of New Orleans and the Department of Transportation in California,” states Tony Hicks, CEO of PMPG.
PMPG’s Proof of Concept project with VERSES will include road sensors and LIDAR technologies along with a dashboard to view the complete suite of possible data streams. “In my opinion, the combination of the two sensors will change the way Ai Tech firms and the auto industry approach safety in self-driving vehicles on cities, in the suburbs and on the highways. The combination of Lidar, and road sensors can also provide top-tier road safety information to the on-board computer in the vehicles such as the auto industry has never seen before,” states Tony Hicks CEO of PMPG.
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