Cybernetic Technologies Ltd (OTCMKTS:HPIL) is consolidating following the recent jump after its Word Gaming Group division announced the completion of the design of the multi-gaming platform, ZIPPA, for gamers which will launch on September 1, 2021. The company will house the platform at www.zippa.gg and will compete with TikTok, TRILLER, and TWITCH.
Stephen Brown, the company’s CEO, said that ZIPPA is a unique platform where games will engage at various levels and earn a token dubbed GAMEZCASH. In addition, gamers can use GAMEZCASH to buy most items supported by ZIPPA’s associate vendors.
Recently, Cybernetics announced plans to build its electric auto called “APOGEE D7” that uses a powertrain created by Apogee Dynamics ltd and L. FerroxTutinean. Brown said that the plan for Cybernetic’s Apogee D7 is creating a four-seater car that will use the latest apogee powertrain with up to ten partners leveraging their disruptive models to challenge the auto industry’s future. He added that all partners have an imprint on the new vehicle, which will be instrumental in its functionality. So, in the coming months, HPIL is a stock to watch.
Market Reaction:
On Friday, HPIL stock fell 5.50% at $0.0069 with more than 502.26 million shares, compared to its average volume of 374.68 million shares. The stock had moved within a range of $0.0067 – 0.0083 after opening the trade at $0.0079. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0119.
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