Viper Networks Inc (VPER) closed the last session at $0.0026 after seeing a rise of 8.33% that brought its market cap to $14.22M. The VPER stock traded 31.61M shares recently, less than its average daily volume of 99.89M. In addition, the VPER shares have been trading in a range of $0.0023 to $0.0026. The pink sheets VPER has 5.47B shares outstanding vs 5.09B float. VPER stock rose in absence of any current news but has recently made an acquisition move.
What VPER has been procuring?
Viper Networks fabricates and appropriates LED lighting items. VPER offers LED streetlamps, and parking garage and indoor lighting items, just as savvy lighting arrangements with camera, sensor, and remote innovations. VPER was joined in 1983 and is situated in Troy, Michigan.
Viper Networks toward the beginning of this current month has authoritatively consented to an arrangement to get 100% of EcoTech Solutions, Inc. of Sheridan, Illinois.
- VPER has been effectively growing its brilliant city pipeline and has as of now declared activities in the Greater Chicago, Sri Lanka, and Democratic Republic of the Congo among others.
- In endeavors of augmenting this developing interest VPER currently went to vertical combination and smoothing out cost and edge.
- EcoTech Solutions is an Industrial assembling and circulation organization work in both Surface-Mount-Technology (SMT) printed circuit sheets and inheritance through-opening assembling.
- Further, EcoTech is a quickly developing stocking wholesaler of modern computerization, electrical parts, electronic parts and LED lighting, IoT (Internet of Things) gadgets.
- Key development regions incorporate electronic and control frameworks for environmentally friendly power energy applications; just as coordinating associated gadgets (IoT) for Machine-to-machine (M2M) and Smart City applications.
- Through this securing, VPER is lessening part and item cost, growing item portfolio, driving top-line income, and all while keeping it as a completely claimed auxiliary that is now working a productive business and creating benefit.
- EcoTech’s income as of now surpasses $500,000 YTD and hopes to twofold one year from now, and accompanies stock and resources netting more than $1.2 million.
- The procurement cost of $1.7 Million is to be paid 100% in VPER stock, half at current worth and half at two US penny esteem.
- The procurement is relied upon to close inside 60 days and upon culmination, EcoTech will work as a completely possessed auxiliary of VPER with all incomes and profit posted inside the Company’s monetary filings.
How VPER will leverage the acquisition? Viper Networks (VPER) is perseveringly chipping away at the brilliant city sending for the 21-city carry out in the Greater Chicago region and the current procurement will absolutely assist with organization and testing thus considerably more. Found only 65 miles southwest of Chicago, EcoTech is a close to consummate expansion to VPER’s few significant current undertakings and is very much situated to grow its general deals and dissemination regions going ahead.