Welcome to our dedicated page for Optec Internatio news (Ticker: OPTI), a resource for investors and traders seeking the latest updates and insights on Optec Internatio stock.
Optec International (OPTI) provides innovative fuel optimization solutions for transportation and industrial sectors. This news hub offers investors and industry professionals centralized access to official corporate updates and market developments.
Track verified press releases covering product innovations, operational milestones, and strategic initiatives. Our curated collection includes earnings announcements, partnership disclosures, and technology updates essential for understanding OPTI's position in fuel efficiency markets.
Key content focuses on:
- Product launches across vehicle and equipment segments
- Operational updates reflecting corporate restructuring
- Market expansion efforts in North America and international territories
- Technical developments in fuel maximizer technology
Bookmark this page for direct access to OPTI's evolving corporate narrative, with all materials vetted for accuracy and relevance to investor decision-making.
OPTEC International, Inc. (OTC PINK:OPTI) has launched its subsidiary Z2O in Austin, Texas, with the 'Uber Type Cleaning App' aimed at connecting cleaning service providers with consumers. The program has seen over 100 vendor applications in just five days, indicating strong interest. The app facilitates on-demand cleaning services, available 24/7, enhancing job opportunities amid the pandemic. Future app launches are planned for Miami, California, and New York. Initial consumer incentives include free OPTEC iWands, promoting engagement during the program's launch.
OPTEC International, Inc. (OTC PINK:OPTI) announced it is negotiating a full acquisition of a New York-based AI-driven MedTech company in the PPE sector with 2020 revenues exceeding $55M. The target company has strong partnerships, supplying PPE to notable entities like GAP and Caesars Entertainment, and projects revenues of over $100M for 2021. OPTEC aims to enhance its market presence and shareholder value through this acquisition. CEO Roger Pawson noted that the company's name will be disclosed upon signing a Letter of Intent (LOI).
OPTEC International, Inc. (OTC PINK:OPTI) announced that its subsidiary Z2O will launch an on-demand cleaning and disinfecting service app in Austin, Texas, on March 15, 2021. Users will receive a free OPTEC iWand from March 15-22. The app has attracted over 100 vendor applications and aims to expand to other major U.S. cities soon. COO David Ojeda noted high demand for the app, while CEO Roger Pawson expressed confidence in exceeding revenue expectations. The service targets businesses and homes needing protection against harmful pathogens.
OPTEC International, Inc. (OTC PINK:OPTI) has announced discussions with a major smartphone and tablet manufacturer regarding the integration of its patent-pending UV-C LED Light technology. This collaboration could potentially enhance the safety features of future devices. The company holds a provisional US patent granted on July 7, 2020, and is actively working towards completing additional patent applications. OPTEC specializes in the development of UV safety products, particularly relevant during the ongoing global health crisis.
OPTEC International, Inc. (OTC Pink: OPTI) hosted the "Let's Get Cruising" Webinar on February 26, 2021, featuring Dr. Drew Pinsky and CEO Roger Pawson. This event focused on the safe return of the cruise industry, highlighting OPTEC's UV-C technology and 10-minute rapid tests to enhance passenger safety. With the cruise industry suffering significant economic losses, OPTEC aims to provide immediate solutions to help revive the sector. The recorded webinar will be available on the company's website to inform cruise line executives about preemptive pandemic measures.
OPTEC International, Inc. (OTC PINK:OPTI) announced the launch of the Z2O PRO App for cleaning and sanitation professionals in Austin, Texas, with anticipated expansion to Miami by March 22, 2021. This app aims to provide local cleaning companies, including large franchises, a platform to offer pandemic-related services and generate income amidst challenging conditions. The app is currently available on the Apple Store, with a Google Play version imminent. Z2O facilitates on-demand scheduling for cleaning services across various sectors, virtually transforming the cleaning industry.
OPTEC International, Inc. (OTC PINK:OPTI) released its December 31, 2020 Quarterly Financial Report, showcasing a remarkable over 1000% increase in revenue compared to the previous quarter, exceeding $11M. The company generated a net income of approximately $7.38M, boosting shareholder equity to $17M. CEO Roger Pawson announced the acquisition of an additional 17,298 sq. ft. facility to support growth. Furthermore, OPTEC plans to use profits from a $2B+ PPE contract for a stock buyback and aims for a NASDAQ uplisting.
OPTEC International, Inc. (OTC PINK:OPTI) has announced the addition of Antigen and Antibody Rapid-Test Kits to its PPE inventory. These kits, made in the USA, provide accurate results in just 10 minutes and comply with FDA and CDC guidelines. Currently, they are only available for medical professionals in the USA, but applications are being filed for broader use. The tests allow for quick screening and diagnosis, enhancing OPTEC's offerings during the pandemic.
Crescent (EURONEXT: OPTI; OTC: OPNVY) has secured a financing agreement with LDA Capital Limited for up to EUR 9.9 million over three years in exchange for shares. The commitment includes a minimum issuance of EUR 5 million within 18 months. The financing will be released via put options, allowing Crescent flexibility in capital calls. LDA will hold a non-controlling interest, supporting Crescent's growth without management involvement. Additionally, LDA receives warrants for up to 46.4 million shares at an exercise price of EUR 0.046. This deal aims to enhance Crescent's capital for strategic acquisitions and IoT solutions development.
