Small Cap Awarded Canadian Navy Contract

By: Tomas Ronolski - AllPennyStocks.com News

Tuesday, August 31, 2021

A New-York based small cap just announced that its whole owned subsidiary, Power Conversion Technologies Inc. has received an order from Canada’s Department of National Defense, Maritime Forces Atlantic for three Submarine Support Battery Charging Systems. Shares of Ozop Energy Solutions Inc. (OTCPK:OZSC) rallied on the news.

Ozop Energy Solutions Inc. invents, designs, develops, manufactures, and distributes ultra-high power chargers, inverters, and power supplies for a wide variety of applications in the defense, heavy industrial, aircraft ground support, maritime and other sectors. The components it distributes include PV panels, solar inverters, solar mounting systems, stationary batteries, onsite generators and other associated electrical equipment and components that are all manufactured by multiple companies, both domestic and international.

Traders were bullish on the news as shares climbed up to $0.069/share (+22.12%) at the session high following the news. This move could be an indication of things to come as the stock appears to be attempting to breakout of the multi-month downtrend it has been riding.

Copyright © 2021 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.