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MOVEMENT INDS CORP - MVNT STOCK NEWS

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Movement Industries Corporation (MVNT) is an investment company focusing on emerging growth sectors like energy, oil & gas, renewables, agriculture, and industrial manufacturing. With over 50 years of global energy market experience, Movement aims to deepen customer relationships, acquire complementary businesses, and expand its customer base. Recently, they completed a joint venture with a contract worth over ten million USD to provide real-time data monitoring services for Pemex operations. Their commitment to innovation and growth positions them as a key player in the energy market.

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Movement Industries Corporation (MVNT) has completed and delivered its first 40-foot custom mobile workshop, equipped for drilling Ultra-Short Radius (USR) wells with specialized equipment. This self-sustaining unit will support drilling operations in Romania, marking a significant step for future growth.
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Movement Industries Corporation has expanded Custom Skid Deployment with proprietary chemical injection using IoT technology. The Company has successfully sold and launched the 2,000 gallon tank designed for remote use and plans to continue production. The custom tank skid is monitored and controlled by the Company’s proprietary technology that utilizes IoT for remote monitoring and maintenance.
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Movement Industries Corporation (OTC PINK: MVNT) has appointed Jack E. Leal as Chief Financial Officer, bringing 27 years of experience from firms such as Deloitte and Continental Airlines. CEO Linh Nguyen expresses confidence in Leal's leadership as the company aims for continued growth in 2022, following a remarkable 84% revenue increase over the previous quarter. Leal's responsibilities will encompass financial reporting and internal controls, while also focusing on revenue expansion and cash flow management, aiming to bolster the company's market position.

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Movement Industries Corporation (OTC PINK: MVNT) has released a 2021 review and 2022 outlook. CEO Linh Nguyen highlighted resilience amid Covid challenges, with engineers supplying critical process valves and launching the iChem SaaS product. Key activities included projects in Canada, Europe, and Asia, and securing applications for larger government contracts. The Company’s shell status has been removed, and it has returned to Pink Current status. In 2022, MVNT anticipates increased sales in pumps and valves, with ongoing negotiations for contracts in the U.S., Mexico, and the Middle East.

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Movement Industries Corporation (OTC PINK: MVNT) has expanded its operations in the Gulf of Mexico with new valve sales for LNG platforms. CEO Linh Nguyen highlighted revenue growth through engineering projects and governmental contract pursuits. Key achievements include the supply of critical butterfly valves, hydrostatic testing services, and certifications for U.S. government contracts. The company aims to leverage its extensive management experience in the energy sector to deepen customer relationships and expand its offerings.

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Movement Industries Corporation (OTC PINK: MVNT) has expanded its international reach with new contracts in France, Canada, and Kazakhstan. Notable projects include modifying a gantry crane for offshore oil and gas platforms in Canada and supplying approximately 645 valves to Asia. The company’s CEO, Linh Nguyen, emphasized the growing global footprint and upcoming projects. Movement Industries focuses on the energy, oil & gas, and manufacturing sectors, leveraging over 50 years of management experience to drive growth by enhancing products and services.

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Movement Industries Corporation (OTC PINK: MVNT) has announced the successful launch of its iChem IoT software, a SaaS product tailored for monitoring chemical injection assets. CEO Linh Nguyen emphasized the software's potential to become a profitable segment for the company. iChem enhances operational efficiency, reduces safety incidents, and fosters collaboration among clients. The company is also pursuing partnerships to expand its market reach and has hired a new communications agency to improve stakeholder engagement. Overall, MVNT aims for revenue and capital growth moving forward.

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Movement Industries Corporation (MVNT) announced the launch of iChem, an innovative SaaS IoT product designed for real-time monitoring and control of chemical injection assets in the oil and gas sector. The platform utilizes cellular and satellite communications and is built on AWS for robust data handling. The CEO, Linh Nguyen, emphasized the potential for high profit margins and noted that iChem is among the first of its kind in the industry. The company expects significant revenue growth from this product as it scales.

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Movement Industries Corporation (OTC PINK: MVNT) has provided an update highlighting its achievements in 2020 and the new vision for 2021. Key accomplishments include being current with Pink Sheet regulations, the acquisition of Hi-Alloy Valve, plans for further mergers, and aims to achieve OTC QB qualification by Q3 2021. The company intends to organically reach a revenue goal of approximately $100MM. The core business remains manufacturing, with diversification across several solutions. CEO Linh Nguyen expressed optimism for significant revenue growth in the coming year.

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FAQ

What is the current stock price of MOVEMENT INDS (MVNT)?

The current stock price of MOVEMENT INDS (MVNT) is $0.016 as of April 16, 2024.

What is the market cap of MOVEMENT INDS (MVNT)?

The market cap of MOVEMENT INDS (MVNT) is approximately 6.2M.

What is Movement Industries Corporation?

Movement Industries Corporation is an investment company that focuses on emerging growth sectors such as energy, oil & gas, renewables, agriculture, and industrial manufacturing.

What is the recent achievement of Movement Industries Corporation?

Movement Industries Corporation completed a joint venture and secured a contract valued at over ten million USD to provide real-time data monitoring services for Pemex operations.

What is the goal of Movement Industries Corporation's growth strategy?

Movement aims to deepen products and services offered to existing customers, acquire complementary business units, and expand its customer base in order to drive growth and innovation.

Who leads Movement Industries Corporation?

Movement Industries Corporation is led by a team with over 50 years of experience in the global energy market, positioning them as knowledgeable experts in the field.

What regions does Movement Industries Corporation operate in?

Movement Industries Corporation operates globally, with recent projects in Romania and plans for future deployments in countries such as Uzbekistan, Azerbaijan, Kuwait, Indonesia, and India.

What services does Movement Industries Corporation offer?

Movement Industries Corporation offers design, engineering, and manufacturing services, as well as remote monitoring technologies for various markets to enhance drilling operations and expand revenue streams.

How does Movement Industries Corporation engage with stakeholders?

Movement Industries Corporation values its stakeholders and provides regular updates on contracts, projects, and opportunities for growth, demonstrating a commitment to transparency and communication.

What sets Movement Industries Corporation apart in the energy market?

Movement Industries Corporation's dedication to innovation, growth, and collaboration through joint ventures positions them as a leading player in the energy market, with a focus on delivering value to stakeholders.

MOVEMENT INDS CORP

OTC:MVNT

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6.19M
Asset Management
Financial Services
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United States of America
Houston