January 12 Update
Ozop Energy Solutions has retracted its January 12, 2021 press release regarding a Master Supply Agreement due to lack of authorization for its issuance. The company confirmed that the mentioned agreement has been terminated. This development highlights the importance of proper communication and authorization in corporate announcements, as unauthorized releases can lead to confusion and potential market ramifications.
- None.
- Lack of authorization for the press release raises concerns about internal controls and communication.
- Termination of the Master Supply Agreement could impact future business opportunities and partnerships.
WARWICK, N.Y., Feb. 05, 2021 (GLOBE NEWSWIRE) -- Ozop Energy Solutions retracts the press release it issued on January 12, 2021 regarding Ozop Energy Solutions entering into a Master Supply Agreement. Ozop did not have authorization to issue the press release, and the agreement referred to in the release has been terminated.
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About Ozop Energy Solutions.
Ozop Energy Solutions (http://ozopenergy.com/) invents, designs, develops, manufactures, and distributes ultra-high power chargers, inverters, and power supplies for a wide variety of applications in the defense, heavy industrial, aircraft ground support, maritime and other sectors. Our strategy focuses on capturing a significant share of the rapidly growing renewable energy market as a provider of assets and infrastructure needed to store energy.
About Power Conversion Technologies, Inc.
Power Conversion Technologies, Inc. (www.pcti.com) invents, designs, develops, manufactures and distributes standard and custom power electronic solutions. Founded in 1991 and located in East Butler, Pennsylvania, the Company’s mission is to be the global leader for high power electronics with a standard of continued innovation.
Safe Harbor Statement
“This press release contains or may contain, among other things, certain forward-looking statements. Such forward-looking statements involve significant risks and uncertainties. Such statements may include, without limitation, statements with respect to the company’s plans, objectives, projections, expectations and intentions and other statements identified by words such as “projects,” “may,” “will,” “could,” “would,” “should,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “potential” or similar expressions. These statements are based upon the current beliefs and expectations of the company’s management and are subject to significant risks and uncertainties, including those detailed in the company’s filings with the Securities and Exchange Commission. Actual results may differ significantly from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the company’s control). The company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.”
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Investor Relations Contact
The Waypoint Refinery, LLC
845-397-2956
www.thewaypointrefinery.com
FAQ
What led to Ozop Energy Solutions retracting its press release on January 12, 2021?
What was stated in the retracted press release by Ozop Energy Solutions?
How does the termination of the agreement impact Ozop Energy Solutions?
What are the implications of unauthorized press releases for companies like Ozop Energy Solutions?
