web analytics
1.2 C
Munich
Friday, December 2, 2022

Principal Solar, Inc. (OTCPINK: PSWW) Heating Up as M&A Player Reports it Plans to Spin-Off its E-3 Petroleum Subsidiary (More on: Nexteal EV, Double H & Triad Pro Innovators)

Principal Solar, Inc. (OTCPINK: PSWW) is breaking out northbound in recent trading on a surge of buy volume after the Dallas based Company reported it plans to spin-off its E-3 Petroleum subsidiary (“E-3”) into a separate public company focused on operating the Company’s oil and gas leases. The new company will be led by Principal’s current COO, Anthony Lerner, who will be supported by a dedicated team of managers and advisors with deep experience in oil and gas. This represents an exciting time for PSWW shareholders who will all get shares in the new public Company. Currently PSWW is under accumulation with some big players in small caps jumping on board. The stock has a history of big moves running to $0.219 in 2021. PSWW has a low float with just 138 million free trading shares and no convertible debt coming into the market as the Company recently successfully raised $8.65 million in a regulation A equity offering well above the current trading price of PSWW.  

The spin spin-off of its oil and gas leases means the Company can now focus on its growing business in the booming EV space. Principal Solar’s EV focused Nexteal subsidiary recently received both exclusive and non-exclusive rights to manufacture and distribute fully electric heavy vehicles in North American markets through a licensing agreement with InfraPrime Logistics Technologies (“IPLT”), an India-based company focused on EV technologies and infrastructure. Nexteal subsidiary has made two investments in heavy electric vehicle conversion technology companies. eTruck Transportation “etruck” is nearing completion of two hybrid Class-6 demonstration vehicles and launched its new website etruckus.com in the last quarter of 2021. eTruck’s hybrid conversion systems offer the potential to significantly reduce fuel costs without the need for large charging infrastructure.

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

Principal Solar, Inc. (OTCPINK: PSWW) out of Dallas, TX is a strategic investor in organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an investor in undervalued petroleum-producing properties. The Company has three subsidiaries with five partner relationships and is focusing efforts around electric vehicles and opportunities in the natural gas and power space.   

Principal Solar is making big moves in the booming EV space The Company’s EV-focused Nexteal subsidiary has made two investments in heavy electric vehicle conversion technology companies. eTruck Transportation “etruck” is nearing completion of two hybrid Class-6 demonstration vehicles and launched its new website etruckus.com in the last quarter of 2021. eTruck’s hybrid conversion systems offer the potential to significantly reduce fuel costs without the need for large charging infrastructure. A video of eTruck’s Class 8 demonstration vehicle is viewable here: https://youtu.be/tOVcmY2tdno. Principal Solar has a minority equity interest in eTruck.  

Nexteal recently received both exclusive and non-exclusive rights to manufacture and distribute fully electric heavy vehicles in North American markets through a licensing agreement with InfraPrime Logistics Technologies (“IPLT”), an India-based company focused on EV technologies and infrastructure. A video introduction of IPLT’s Indian market Rhino Heavy EV is viewable on youtube and other social media. The prototype vehicle for North America is in development and is expected to be completed by the fourth quarter of 2022.  

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

PSWW

PSWW recently acquired Double H Services an already revenue producing Company with assets, and a customer base asking for environmentally friendly solutions that can meet their logistics needs, which are currently served by traditional diesel-fueled Class 8 – and 18-wheeler semi-trucks. In 2020, Double-H deployed 17 diesel-fueled Class 8 trucks into the Mid-con region to increase its share of the agricultural, flatbed, and dry-van transportation markets. These vehicles could be upgraded or replaced with hybrid or fully electric vehicles purchased by Double H from Principal’s heavy EV solutions partners, thereby potentially providing marketing advantages and cost savings to Double H as well as revenues to Principal’s other investments.  

Earlier this year the Company executed a definitive research and development agreement with Triad Pro Innovators, Inc. The Agreement establishes a relationship for cooperative research and development between Principal and Triad Pro for the purpose of creating new power storage solutions for the Electric Vehicle (EV) industry. Potential applications for solutions created under the agreement include use in Principal’s client and portfolio company products, specifically its fleet-focused heavy electric vehicle conversions and hybrid-electric powertrains, which require unique capabilities supporting continuous operation with long charging cycles – capabilities underserved by existing battery technologies. 

The major advantage of Triad Pro’s eCell lies in its solid-state technology, which allows electric vehicles to accept a charge at any rate (limited only by network supply), thereby enabling ultra-rapid charge cycles that increase productivity by keeping heavy electric vehicles on the road. Another key eCell advantage is the absence of typical battery chemical solutions that degrade with repeated charge-discharge cycles, giving the Triad Pro eCell a lifespan of over 30,000 cycles, thereby greatly reducing ongoing maintenance costs for heavy EV owners. 

PSWW CEO K. Bryce “Rick” Toussaint recently stated on the spin-off: “In a move consistent with our strategic focus on logistics and EV technologies, Principal intends to spin-off our oil and gas activities into a new, separate company. We feel that this transaction will increase stakeholder value while enabling each organization to exclusively focus on its core capabilities.” 

 For more on PSWW Subscribe Right Now!

Currently trading at a $6.9 million market valuation PSWW has 314,392,794 shares outstanding 143 million of which are free trading. PSWW has no convertible debt coming into the market as the Company recently successfully raised $8.65 million in a regulation A equity offering well above the current trading price. PSWW is “pink current” and is looking to up list to fully sec reporting OTCQB and is getting past filings up to date. Management expects PSWW to be fully reporting by the third or fourth quarter of 2022, allowing them to apply for an up listing on the OTCQB. PSWW is an exciting situation in small caps; the stock is breaking out after PSWW reported it plans to spin-off its E-3 subsidiary into a separate public company. This will be a big win for shareholders who will get shares in the new Company focused on E-3’s oil and gas leases. The spin spin-off means PSWW can now focus on its growing business in the booming EV space. Principal Solar’s EV focused Nexteal subsidiary is making big moves and recently made two investments in heavy electric vehicle conversion technology companies. They also formed a partnership with Triad Pro Innovators to build new power storage solutions for the Electric Vehicle (EV) industry. The agreement represents PSWW commitment to identifying and investing in near-term, real-world electric vehicle solutions that meet today’s growing market demand. We will be updating on PSWW when more details emerge so make sure you are subscribed to Microcapdaily.

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

Disclosure: we hold no position in PSWW 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.