Looking at the chart for the last 5 days, we can see how the stock sharply fell down from $0.0920 on August 26 to $0.0524 on August 31. The day’s range of the stock with the market capitalization of more than $254.762 million is $0.0541 – $0.0584. Ozop Energy Solutions made an announcement, that Power Conversion Technologies (PTCI) which is the wholly-owned subsidiary of the company received the order for the creating 3 Submarine Support Battery Charging Systems from Canada’s Department of National Defense (DND), Maritime Forces Atlantic.
2 of these charges will be big-capacity Battery Chargers which are 1.875MW, Input 4160Vac, Output 750VDC – 2500A, and the 3rd one is a low capacity of 21KW Battery Charger Input 208Vac – 125Aac, Output 28Vdc – 700a. The price of this deal is approximately $572,450. The CEO of PTCI, Bill Yargeau said that they are so satisfied that the DND chose them in the Canadian submarine maintenance program. He said that they are always ready to implement these kinds of projects and work with the Canadian National Defense.