Company Announces LOI for Clean Energy Company

Company Announces LOI for Clean Energy Company

By: Tomas Ronolski - News

Thursday, August 4, 2022

Clean energy is in demand and this company is focused on delivering quality e-mobility and microgrid infrastructure solutions to the global market. 

Capital pool company Smithe Resources Corp. (TSX-V: SMTH.P) announced that it has entered into a letter of intent in early August with Indie Power Storage Corp. and IPS Systems Inc., a wholly owned Nevada subsidiary of Indie Power Storage Corp, in respect of a proposed business combination, per the company’s press release.

Based in Houston, Texas, Indie Power Storage is a clean energy company currently engaged in the initial key product development of its planned EV charging solutions. Following the commercialization of EV charging solutions, IPS intends to continue investment in the commercialization of the energy management system and related patents noted above.

Shares closed Wednesday at $0.125

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