Asia Propert Stock Price, News & Analysis

HyOrc Corporation (OTC: ASPZ) has signed a Memorandum of Understanding (MOU) with Acetech Metals Limited to develop a municipal waste-to-green methanol production facility in Scunthorpe, UK. The project will begin with a 35 TPD Municipal Waste: Refuse-Derived Fuel (RDF) gasification plant and methanol synthesis unit, with plans to scale up to 150 TPD.

The facility is expected to produce 12,000 metric tons of methanol annually over a 25-year plant life, with projected revenues of $200 million over the project's lifetime. The collaboration will be structured through a jointly owned UK-based Special Purpose Vehicle (SPV), with Acetech providing RDF supplies and industrial land, while HyOrc contributes proprietary gasification and methanol synthesis equipment.

HyOrc Corporation (OTC: ASPZ), a clean energy technology company, has announced two significant developments. First, Andrea Magalini has joined as Non-Executive Director, bringing extensive experience from Turboden (Mitsubishi Heavy Industries) and McKinsey & Co. in OEM leadership and industrial product commercialization.

The company has also achieved three ISO certifications for Quality Management (9001:2015), Environmental Management (14001:2015), and Occupational Health and Safety (45001:2015). Additionally, HyOrc has filed a PCT application for its vertical combustor, expanding its global IP coverage for hydrogen engine technology.

HyOrc Corporation (ASPZ) has provided an operational update highlighting its expansion of clean energy projects across multiple regions. The company is developing hydrogen-powered locomotives, green methanol production, and containerized off-grid power systems throughout the UK, EU, and North America. HyOrc specializes in next-generation multi-fuel hydrogen engines and modular clean fuel systems, targeting diesel-competitive costs while delivering zero emissions.

The company reports growing demand from industrial and infrastructure partners, and is currently finalizing customer and supply agreements. Additionally, HyOrc is preparing for an OTCQB uplisting, with further updates expected as the company reaches new milestones.

HyOrc Corporation (OTC: ASPZ) has introduced modular hydrogen engine systems as a solution to Europe's increasingly unstable power grid infrastructure. The company's technology features containerized power units that can be deployed within 6 months, utilizing a high-efficiency multi-fuel engine with Organic Rankine Cycle (ORC) achieving up to 45% efficiency.

The system's key advantage lies in its fuel flexibility, capable of running on hydrogen, methanol, LPG, biogas, or syngas, without requiring high-purity hydrogen or extensive infrastructure. HyOrc is actively implementing these systems in heavy-duty transport and industrial applications, including a hydrogen locomotive platform for European rail, while pursuing clean power initiatives across the UK and EU targeting ports, logistics corridors, and off-grid industrial sites.

Asia Properties (OTC PINK: ASPZ) has provided an update on the development of its HyOrc hydrogen engine technology, aimed at heavy-duty applications. The development has reached the end of the B-Sample process of design verification, with plans to complete a pilot integrating the HyOrc engine into a truck by the end of Q1-2025 for testing.

The development team includes renewable technology expert Manoharan Sundaralingam and former CTO of Hyzon Motors, Shinichi Hirano. SRE Power, a cleantech company, is behind HyOrc's development, focusing on decarbonizing industries through innovative technologies.

SRE Power's broader initiatives include geothermal, waste heat recovery, and hydrogen power plants. Asia Properties also announced a prospective company name change to HyOrc, Inc.

Asia Properties (OTC PINK: ASPZ) has announced the acquisition of Houston-based hydrogen tech firm SRE Power in a share-for-share deal valued at $72 million. SRE Power is projecting to generate $3.5 billion annually within four years through the deployment of its HyOrc heavy-duty engine, which targets the $350 billion heavy-duty truck market. The HyOrc engine, noted for its efficiency, zero emissions, and affordability, uses hydrogen gas and Organic Rankine Cycle turbines and does not require rare materials like cobalt or lithium. Post-acquisition, ASPZ will rebrand as HyOrc, Inc., with James McNaught-Davis as Chairman and SRE founder Reginald Fubara as CEO. The company plans to leverage public market capital to speed up the HyOrc engine's market launch and aims to list on Nasdaq or NYSE.

Asia Properties (OTC PINK: ASPZ) has engaged Boladale Lawal & Co, a PCAOB audit firm, to conduct a four-year audit covering 2018-2021. This move aims to address any previous regulatory deficiencies. The company signed the engagement letter on May 16, 2024. Upon completion of the audits, ASPZ plans to file a registration statement with the SEC in conjunction with an acquisition. CEO Debra Childers highlighted that this initiative is a important housekeeping task, and the company is exploring business acquisitions, strategic assets, or mining claims.

Asia Properties Inc. (OTC PINK:ASPZ) provided a shareholder update on February 7, 2022, focusing on its strategic endeavors in gold mining since Q2 2021. The company is pursuing acquisitions in Arizona, Nevada, and Alaska, specifically targeting gold mines with verified geological reports. Additionally, ASPZ plans to innovate by integrating blockchain technology into its operations, highlighted by the upcoming auction of its Bering Sea Clinker NFT. The company has 71.69 million shares outstanding, with 26.60 million available at DTC.

Asia Properties Inc. (OTC PINK:ASPZ) has announced an updated website and confirmed its status as Pink Current by Q3 2021. CEO Debra Childers expressed satisfaction with this achievement. The company is preparing to auction its Bering Sea Clinker NFT and is conducting due diligence for acquiring gold mining claims in Nevada and Alaska. Asia Properties aims to integrate blockchain technology in the gold mining sector. As of now, ASPZ has 71.69 million shares issued and outstanding, with 26.60 million shares at DTC.