Movement Industries Corporation Announces New Contracts with International Expansion 

Rhea-AI Summary

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.

Positive

• Secured new international contracts expanding presence in France, Canada, and Kazakhstan.
• Collaborating on a project to modify a gantry crane for client needs in offshore oil and gas sector.
• Providing engineering and design services for approximately 645 valves in Asia.

Negative

• None.

Company Growth Extends Into France, Canada and Kazakhstan 

Houston, TX, Sept. 28, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Movement Industries Corporation (OTC PINK: MVNT) (the “Company”) announces that it has secured new international contracts further expanding the reach of the Company into Europe, Asia and Canada. Mr. Linh Nguyen, CEO of the Company, stated, “We are proud to report to our stakeholders that we have secured additional clients for custom engineered and manufactured parts and valves.”

Additional details are as follows: 

• Project in Canada and Europe:  
• Design and engineering to modify a gantry crane to fit our new client’s needs for specific offshore oil and gas gathering platform; 
• In-house load calculations and design of digital 3D models; 
• Machining of necessary materials to meet newly designed specifications; and  
• Assembly and Testing to ensure structural integrity. 
  
  

• Project in Asia: 
• Support of the local region of approximately 645 valves, initially; 
• Supply of valve styles ranging from swing check valves, globe valves, floating ball valves and trunnion ball valves; 
• Supply of valve sizes ranging from ½ inch to 4 inch; and  
• Provide engineering and design. 

In closing, Mr. Nguyen said, “These opportunities represent that we have been expanding our global footprint with entries into the French and the Kazakhstani markets. Over the coming months, we will announce additional projects as they are contracted.”  

About Movement Industries Corporation  

Movement Industries Corporation invests in emerging growth companies in energy, oil & gas, renewables, agricultural and industrial manufacturing sectors. Movement's executive management team brings over 50 years of experience in the global energy market. The Company’s growth strategy includes deepening products and services offered to existing customers as well as acquiring complementary business units and new customers.  

Stay up-to-date by following Movement Industries at twitter.com/mvmntin or subscribe to updates at our website at https://mvmnt.in.

To learn more about Hi-Alloy Valve, please visit our website at: www.hialloyvalve.com.   

Please direct all inquiries to:   

Contact Information:  

MVNT Shareholder/Investor Inquiries 

1-713-856-9777  

ir@mvmnt.in 

Safe Harbor Statement – In addition to historical information, this press release contains statements that constitute forward-looking statements within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company’s future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company’s business units or the market price of its common stock. Additional factors that would cause actual results to differ materially from those contemplated within this press release can also be found on the Company’s website. The Company disclaims any responsibility to update any forward-looking statements. 

FAQ

What recent international contracts has MVNT secured?

Movement Industries Corporation has secured contracts in France, Canada, and Kazakhstan, enhancing its global reach.

What projects is MVNT working on in Canada?

In Canada, MVNT is modifying a gantry crane for a client's offshore oil and gas platform needs.

How many valves is MVNT supplying to Asia?

MVNT is supplying approximately 645 valves, including various styles and sizes, to a project in Asia.

What is the focus of Movement Industries Corporation?

MVNT focuses on the energy, oil & gas, and industrial manufacturing sectors, aiming for growth by enhancing its offerings.