Balincan USA Inc (OTCMKTS:BCNN) Stock Gains: Company Enters Into Growing Smart Cities Market

If you are currently looking into those stocks which may have made notable gains yesterday then it may be a good idea to take a closer look at the Balincan USA Inc (OTCMKTS:BCNN) stock, which clocked gains of as much as 5% on Wednesday.

Market Action

On Wednesday, BCNN stock soared 4.92% to $0.0160 with more than 239.50K shares, compared to its average volume of 175.35K shares. The stock moved within a range of $0.0145 – 0.0160 after opening trade at $0.0160.

Balincan USA, Inc. Enters Into Growing Smart Cities Market

The company came into the news cycle yesterday after it announced that it had managed to sign a long term consulting contract the Managing Director of Smart Gig Media, Timothy Downs. Downs is also a partner at The 2030 Project. It was a major new development for the company considering the fact that Downs is a highly experienced executive in the new technology space.

His experienced spans over 15 years in mobile tech, wireless tech, Internet of Things or IoT and broadband among others. In addition to that, he has also been involved with the Industrial Internet of Things division at Balincan USA’s fully owned subsidiary unit Tekumo.

Since as far long back as 2016, Downs has been working on the IoT marketplace and Smart City related projects. He has been successful in developing a range of products that had been designed for the use of municipal executives.

Key Quote

Strings D.E. Kozisek, Tekumo CEO added “we are really excited to have Tim join and to continue to expand the Tekumo team. His executive level history in the telecom, 5G, small cell, cell tower and Smart City world is a perfect fit for Tekumo’s future plans and current capabilities.”

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