Epazz, Inc (OTCMKTS: EPAZ) recently started seeing significant stock price improvements after ten months of drops that left the value of its shares. The company has seen fairly rough performance in the last 15 months, with its stock price heading from $0.026 in January 2022 to $0.0028 in January 2023, after a full year of spiraling down. The stock did have an occasional interruptive surge, but they were never very long or particularly strong. However, the arrival of 2023 changed this — not immediately, as the price did see some stability throughout January and the first half of February, fluctuating between $0.003 and $0.004 during this period.
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However, as of February 14th, EPAZ started seeing strong upward movements that broke several major resistances, finding itself at the price of 0.0118 for the first time since April 2022. Of course, 11 months ago, the price was still spiraling down. This time, it is going in the opposite direction, seeing a strong surge. As mentioned, the rapid bull run started on February 14th, when the EPAZ price skyrocketed from $0.003 to $0.0106 in around six hours, representing one of the sharpest increases that the company has ever seen.
As every overly sharp bull run, it, of course, led to a correction once the price surge lost its momentum, and EPAZ dropped back down to $0.005 on February 17th, only to bounce back up to $0.0076 by February 27th. At the start of March, the price saw another dip to $0.005, but the support at this level once again allowed it to bounce back up, which led it to the current level of $0.0118 on Wednesday, March 8th.

The sudden change in behavior of the EPAZ stock can be attributed to a series of moves that resulted in very positive news for the company. One of the most notable announcements that the company made in the year so far was published on February 8th — merely six days before the first massive spike-up took place. The announcement revealed that the Epazz metaverse On-Site Remote Assist product will expand into Europe, with the company focusing on the German market, as its technology resulted from a research project in Berlin. By combining the company’s metaverse technology with the On-Site Remote Assist product, the firm will be able to allow remote field workers, maintenance and repair crews, and even inspections and monitoring teams to conduct on-site video calls, and communicate with machine experts, create real-time quality assessments, live training, reports, and more.
Following this, about a week after the February 14th spike, reports emerged stating that Epaz Holdings’ ZenaDrone AI Predictive will submit for SBIR with US Government. The company itself announced that it submitted over 5 Phase 1 proposals under the SBIT Phase 1 program, which allows small businesses with innovative products to fast-track US government contracts within 90 days from the moment of submission. In other words, it was speculated that if ZenaDrone receives a Phase 1 contract — up to $75,000 per proposal — the firm would be able to proceed further and submit for a Phase 2 contract, where it would get up to $1.2 million per contract.
At the time, CEO Shaun Passley, Ph.D., said:
We are working towards our first government contract using multiple avenues which will hopefully lead to our first set Government customers and through The SBIR would open us up to the whole federal government to our drone technology.
Lastly, on March 7th, the company also announced that it received official issuance of a Utility Patent from the US Patent Office for its AI-Predictive Smart Charging Pad for ZenaDrone 1000. The firm noted that the Smart Charging Pad would be a major game changer and available at a much lower price than competitors. In comparison, competitors who offer similar charging pads for drones weighing less than 55 pounds charge anywhere from $4,000 to $15,000 per unit. Meanwhile, ZenaDrone 1000 charging pad would be priced at less than $15,000 for a drone that weighs over 250 pounds.
The drone itself is a serious aircraft created for military use, but also for oil, gas, and even agriculture industries.
As for Epazz, Inc., it is a mission-critical provider of various emerging technologies, including metaverse solutions, cryptocurrency apps, blockchain, cloud-based business solutions, and more. It also provides customized software enterprise solutions to governments, businesses, healthcare providers, and others. The company’s ZenaDrone 1000 is another highly important product that was even recognized by the US Air Force, which recently invited ZenaDrone AI Predictive to one of its bases in California for a demonstration of the drone.
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Epazz, Inc. saw a rough year in 2022, like many other technology-oriented companies. However, with the recovering market, its stock price has started down the path of rapid increase, as it reached the bottom which left it heavily undervalued. Especially in the context of recent developments, the quality and innovative nature of its products, and the firm’s ambitions and goals, it feels safe to say that Epazz, Inc. is a company that has massive potential in the future of modern technology. We will be updating on EPAZ when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with EPAZ.
Disclosure: we hold no position in EPAZ, either long or short, and we have not been compensated for this article
Image by Joe from Pixabay