Viper Networks Inc (OTCMKTS:VPER) had a great move on Friday as the stock more than doubled on unusual volume.
Major Trigger:
Viper Networks and Toledo Solar Announce Strategic U.S. Manufacturing and Partnership Agreement
Key Highlights:
- Viper Networks announced that the Company has entered into a Strategic U.S. Manufacturing and Partnership Agreement with Toledo Solar, Inc., a Toledo, Ohio based Solar products manufacturer.
- The agreement will allow Viper Networks to consolidate its manufacturing facilities into one location for their products and integrated services to meet all current production requirements as well as significantly greater product demands from future domestic and international projects. In short order, all manufacturing will be based at Toledo Solar’s state-of-the-art manufacturing facilities and headquarters in Perrysburg (Greater Toledo), Ohio.
- Geographical advantages also exist with both companies operating within approximately 75 miles of one another, with Toledo Solar located near the Michigan-Ohio border and Viper Networks located within the Greater Detroit area in Troy, MI.
- The Strategic U.S. Manufacturing and Partnership Agreement highlighted in the agreement will include the marketing and presentation of each other’s technology and products to existing and potential customers domestically and internationally in the Smart City markets, while targeting vital segments of the U.S. economy, including schools, colleges, universities, municipalities, commercial facilities, private institutions, and governmental facilities.
Market Reaction:
On Friday, VPER stock soared 42.50% to $0.0151 with more than 139.67 million shares, compared to its average volume of 78.02 million shares. The stock has moved within a range of $0.0100 – 0.0155 after opening the trade at $0.0102. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0731.
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