web analytics
-0.8 C
Munich
Saturday, November 26, 2022

HPEV Inc (OTCMKTS:WARM) Goes Higher

HPEV Inc (OTCMKTS:WARM) continues to move up steadily on accelerating volume after the stock hit a 52 week low of $0.404 in December of last year. WARM is a stock with a history of spectacular moves running from $0.25 to $2.28 last year.

The stock is up after the Company announced a long awaited amicable settlement of Lawsuits with Spirit Bear Limited. The Company said reached an agreement with Spirit Bear Limited and its affiliates and assignees which, upon the purchase by HPEV of certain specified securities held by Spirit Bear on a date and at an amount specified in the agreement, would permanently resolve, settle, dismiss, and release all actual and potential claims among them (except for breaches under the settlement agreement itself, if any were to arise) without liability therefore, including provisions for the orderly separation of Spirit Bear and persons associated with Spirit Bear from influence, control, or oversight as to the operations of the Company.

HPEV Inc (OTCMKTS:WARM) is an intellectual property and product development company that employs a license and royalty model. The company has expertise in thermal dispersion technologies and their application to various product platforms. The Company is currently commercializing its patented thermal technology and has additional patents-pending for various OEM applications of its proprietary heat removal technologies. The markets that will be addressed by these technologies include myriad industries such as pumps, fans, compressors, batteries, motors, generators and bearings.

The shell was incorporated in the State of Nevada in July 2002 as Z3 Enterprises, Inc. In April 2012 the Company changed their name to Bibb Corp and in October 2010 they changed their name to HPEV Inc.

The technologies are divided into three distinct but complementary categories: heat dispersion technology, mobile electric power and electric load assist. As of September 30, 2014, we have 5 patents and 5 patent applications pending in the area of composite heat structures, motors, and related structures, heat pipe architecture, applications and a parallel vehicle power platform.

WARM intends to commercialize our patents by licensing our thermal technologies and applications to electric motor, pump and vehicle component manufacturers; by licensing or selling a mobile electric power system powered by our proprietary gearing system to commercial vehicle and fleet owners; and by licensing a plug-in hybrid conversion system for heavy duty trucks, buses and tractor trailers to fleet owners and service centers.

In recent news WARM said on January 22 that it will unveil its proprietary Mobile Generation (MG) technology at the industry’s premier demonstration convention, The Work Truck Show, put on by The Association for the Work Truck Industry, in Indianapolis, IN, March 4-6.

To Find out the inside Scoop on WARM Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

The MG is a breakthrough in energy efficiency technology in that it utilizes a truck’s own power to generate power for compressors, welders, bucket truck arms, or even homes left powerless after a storm. All of this power is built right into the truck, nothing to tow and no environmental issues that accompany tow-behind generators. The technology is fuel agnostic and therefore can significantly reduce a truck’s carbon footprint. The technology can be driven on CNG (compressed natural gas), LNG (liquid natural gas), Fuel Cell, standard gasoline and diesel. The technology can provide power, up to 200kWh, in no idle zones and anywhere a truck can go. The technology also reduces fuel usage because there is no need to tow a trailer.

According to the 10Q from October 29 WARM has a good cash position of $900,000 in the treasury. At the same time the Company has $0 revenues to date and is burning significant cash every period adding the growing short term debt.

We have a Monster Pick Coming. Subscribe Right Now!

Currently trading at a $39 million market valuation WARM has been suffering due to the Spirit Bear lawsuit which have now come to an amicable settlement. With the Lawsuit no longer hanging over the stock and a recent test of $0.404 lows the stars may be aligning here for WARM. The stock already has a loyal shareholder base that believes in the technology and a big future for this Company. WARM is a stock to watch.

Disclosure: we hold no position in WARM either long or short and we have not been compensated for this article.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Sign up now for our 100% FREE Penny Stock Newsletter

Privacy Policy. we will never share your email with anyone.