Ozop Energy Solutions Inc (OTCMKTS:OZSC) is making notable gains in the mid-day session on Wednesday. The stock has been witnessing a nice uptrend since over the past 6 months with a jump of around 785%. Will the Rally continue?
Major Trigger:
Ozop Energy OZSC Executes Letter of Intent with Real Estate Investment Fund
Key Highlights:
- announced its wholly owned subsidiary Ozop Energy Systems has entered into a Letter of Intent with a NYSE real estate investment fund.
- The agreement is designed to explore property for twelve locations in New York and one in New Jersey for the immediate development of Battery Storage and EV Charging Stations. Also included in the agreement is a viability study for the implementation of “BrainBox AI’s AI-driven energy optimization solution on existing HVAC (Heating, Ventilation and Air Conditioning) equipment for over 200 properties nationwide.
- It is important to note that our client is an equity real estate investment fund owning and managing high value commercial properties in multiple states. Many of their assets have existing Building Management System (BMS) solutions but most were not designed for the increasing government demand for further cuts to the commercial carbon footprint.
- There is a strong focus on energy reduction from the building envelope of many of our large commercial clients however, we are focused on delivering long-term, profitable energy reductions through technologies and software that do not interfere with the existing BMS technologies.
Market Reaction
As of 11:55, OZSC stock jumped by 8% to $0.0884 with more than 41.94 million shares traded hands, compared to its average volume of 69.67 million shares. The stock has moved within a range of $0.0819 – 0.0940 after opening the trade at $0.0820.
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