OZSC is making a powerful run up the charts in recent months from a start point in the subs the stock has risen up to become one of the most exciting runners in small caps attracting legions of new shareholders and trading over $60 million in dollar volume on Friday alone. The stock is currently looking to take out $0.27 highs from last month and embark on another massive blue-sky breakout. Penny stocks have changed; there are way more buyers now that the internet has started trading stocks and OZSC is getting noticed.
The big story on OASC is the Company’s subsidiary; Power Conversion Technologies, Inc PCTI a US military contractor and was the sole bidder on a project to upgrade a 1 MW power supply that will be used in a classified marine propulsion application for the U.S. Navy. They were also recently included in another bid issued by a defense contractor for the US Air Force for the manufacture of various power converter modules. PCTI has at least 4 projects currently in production and others in various states in the queue with over $6.9m in solid pipeline projects.
Ozop Energy Solutions Inc. (OTCMKTS: OZSC) operating out of Warwick, NY 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. Our strategy focuses on capturing a significant share of the rapidly growing renewable energy market as a provider of assets and infrastructure needed to store energy.
The big story on OZSC is its recently acquired subsidiary; Power Conversion Technologies, Inc PCTI a Company who invents, designs, develops, manufactures and distributes standard and custom power electronic solutions. Founded in 1991 and located in East Butler, Pennsylvania, the Company’s mission is to be the global leader for high power electronics with a standard of continued innovation.
Power Conversion Technologies, Inc; PCTI is a US military contractor and was the sole bidder on a project to upgrade a 1 MW power supply that will be used in a classified marine propulsion application for the U.S. Navy. They were also recently included in another bid issued by a defense contractor for the US Air Force for the manufacture of various power converter modules. PCTI has at least 4 projects currently in production and others in various states in the queue with over $6.9m in solid pipeline projects.
PCTI recently formed a development partnership with Zeem Solutions to work on high power charging solutions to address the medium and heavy-duty commercial EV market. Ozop Energy/PCTI is positioned to take the technology and engineering challenges confronted by companies like Zeem head on. This relationship opens the door further into the commercial EV fleet market and should make a substantial contribution to our bottom-line for years to come. Zeem Solutions is developing new and unique approaches to accelerate adoption in the commercial electric vehicle (CEV) fleet sector. They offer plug and play solutions for “last-mile delivery” which is the movement of people and/or goods from a transportation hub to a final destination. Their comprehensive packages include the e-vehicles, maintenance, charging, and overnight parking infrastructure for one monthly cost. According to McKinsey and Co, “by 2030, the US market for services to support the charging of electric vehicle fleets could be worth $15 billion.”
On February 3 OZSC announced its fully owned subsidiary Ozop Energy Systems (OES) has announced an agreement with Bical Auto Mall, the largest dealership in the NY metropolitan area to purchase and resell EV chargers. The initial order is for 4 EV chargers for two locations (@ $80K) for Bical and we have executed a vendor agreement between the two companies so they can resell to the LMA, of which Mr. Bical is president, which is comprised of 300 additional dealerships in New York.
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Christopher Ferraris is a third-year student at Temple University in Philadelphia. Having already completed an Associates Degree in Psychology, Christopher is now finishing his Bachelor’s degree in Finance. In preparation for working in the financial sector, Christopher is writing financial content and analysis. Every day, Christopher works on articles regarding the following topics: finance, cryptocurrency and technology.