Home Financial Markets Penny Stocks Check out what's happening with Ozop Energy Solutions (OZSC) stock right now

Check out what’s happening with Ozop Energy Solutions (OZSC) stock right now

Ozop Energy Solutions(OZSC) stock closed higher 37.73% from the closing on Thursday to 0.7575 on Friday, January 22, 2021. On the day, stock price ranged between $0.055 and $0.0799 as 516,865,034 shares changed hands.

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Most recent developments

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There was no significant update reported on the day; however, on January 19, 2021, the Company posted that Power Conversion Technologies Inc. (PCTI), a fully owned subsidiary of Ozop Energy Solutions, announced a collaboration with Zeem Solutions to develop high power charging solutions for the medium and heavy-duty commercial electric vehicle market.

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With new and unique approaches, Zeem Solutions is working to speed up the commercial electric vehicle (CEV) fleet sector’s growth. The Company offers plug-and-play solutions for last-mile delivery, which deals with one transport hub’s journeys to one final destination. Its package includes e-vehicles, maintenance, charging, and overnight parking for one monthly fee.

According to McKinsey and Co, it has been determined that by 2030 the US market for charging services could be worth $15 billion.

For fleets that cannot convert to e-vehicles, Zeem develops a comprehensive zero-emission solution. Their demand for high-powered charging solutions for large fleets of vehicles requires a completely re-engineered future. In developing this technology with Zeem, PCTI shows how it can efficiently leverage its IP portfolio in high-capacity solutions for electric medium and heavy-duty fleets.

Company’sCommentary

Brian Conway, Chief Executive Officer of Ozop, said: “We are eager to expand our relationship with Zeem Solutions to take advantage of this burgeoning market for EV fleet charging. The engineering and technological challenges that Zeem and Ozop Energy face will no longer be out of reach. We expect this relationship to increase our bottom-line contribution over the years to come significantly.”

“We are excited that Zeem has chosen to work with PCTI again,” said PCTI President Catherine Chis. “Zeem selected PCTI based on our proven battery charging solutions offered over the years in submarine and aerospace industries.”

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What they do…

The Company invent, design, develop, manufacture, and distribute ultra-high-power chargers, inverters, and power supply systems for a broad range of industries, including defense, heavy industry, aviation ground support, maritime, and many others. By providing the asset and infrastructure required to store energy, we intend to capture a significant share of the rapidly growing renewable energy market.

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