Ozop Energy Solutions, Inc. (OTCMKTS:OZSC) Stock On Watchlist After Recent News

A wholly owned subsidiary of Ozop Energy Solutions, Inc. (OTCMKTS:OZSC), EV Insurance Company, announced the implementation of an Agent Agreement with Cal-Tex Protective Coatings, Inc., a leading provider of environmental protection as well as aftermarket products to the automotive industry.

Cal-Tex will white label Royal Administration’s Fully Charged Vehicle Service Contract to incorporate the branding under the contract. On the other hand, OZOP Plus will provide battery protection and will be charged the battery portion of premiums sold.

Cal-Tex’s part of the Fully Charged VSC will provide enhanced features as well as the benefits of VSC to the customer base through well-established relationships.

The partnership benefits include Cal-Tex immediately going to market with its Fully Charged VSC. It will also harness Royal Administration as a Third-Party Administrator for claims. The Royal Administration provides TPA services for processing claims through the claims center. The integration of services ensures dealerships and customers experience efficient processes, enhancing the customer experience.

Brian Conway, CEO of OZOP Plus, said that the company has been impressed with the pace shown by Cal-Tex to add an EV VSC to the portfolio. Conway is also looking forward to witnessing the marketing of its VSC through the agent network. Cal-Tex demonstrates the perfect fit for the distribution partner sought by OZOP since they have key relationships with car dealers.

The CEO envisions other entities also harnessing the comprehensive battery protection as being the best in class and giving peace of mind’ to EV purchasers.

This agreement gives opportunities for OZOP Plus with Cal-Tex’s existing network of 4,000 automotive dealerships. The expansion will enable VSC to be available to 7,000 dealerships.

Cal-Tex, a trusted brand, has a four-decade record of specialization in protective coatings for vehicles. The company is enthusiastic about integrating the new offering into its existing portfolio. It will strengthen the company’s market position and give customers a comprehensive suite of offerings.

John Luckett, Executive Vice President of CalTex, said that the company is not just striving for innovation but also transcending the status quo. Luckett expressed excitement in announcing the partnership with the Royal Administration and OZOP Plus. He further stated that the company has channeled resources, research, and efforts toward a product that will exceed customer expectations.

Luckett also said that the contract given by OZOP Plus is proof of the dedication, perseverance, and talent of the teams.e further stated that the innovative capabilities and cutting-edge features are designed to provide customers with security.

Richard McCabe, President of Royal Administration Services, said that the firm couldn’t have found better partners for creating best-in-class electric vehicle coverage. McCabe added that Cal-Tex and the robustness of the dealership community are significant additions to the team. He further stated that the product will be a benchmark for the future of electric vehicles.

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