Premier Products Announces Support for US Infrastructure Bill

Rhea-AI Summary

Premier Products Group, Inc. (PMPG) has expressed support for the U.S. infrastructure spending bill aimed at modernizing roads and highways. The bill proposes $115 billion for upgrades, targeting 20,000 miles of infrastructure, along with an additional $20 billion for road safety programs. CEO Tony Hicks welcomes the funding as a significant step, indicating potential for further financial allocations. Moreover, PMPG is advancing its SmartRoad technology, enhancing smart city infrastructures and plans to distribute patents for intelligent transportation systems.

Positive

• Support for the U.S. infrastructure bill targeting $115 billion for road upgrades.
• Potential for increased funding allocation in final negotiations.
• Advancement of SmartRoad technology for autonomous vehicle support.
• Exclusive distribution agreement for intelligent transportation systems patents.

Negative

• None.

WOODLAND HILLS, CA / ACCESSWIRE / April 1, 2021 / Premier Products Group, Inc. (PMPG), (OTC PINK:PMPG) announced support for recently announced infrastructure spending bill towards the upgrade and modernization of US highways and roads.

The Company is pleased to throw its support behind the recently announced infrastructure spending bill that would focus, among other things, on upgrading and modernizing US highways and roads.

The Biden administration recently announced their infrastructure bill would earmark $115 billion for roadway transportation upgrades, with specific plans to modernize 20,000 miles of highways, roads, and streets.

An additional $20 billion is set aside "to improve road safety for all users, including increases to existing safety programs and a new Safe Streets for all programs to fund state and local 'vision zero' plans and other improvements to reduce crashes and fatalities, especially for cyclists and pedestrians.

Tony Hicks, the CEO of Premier Products Group, commented, "Premier Products is happy to support the recently announced infrastructure bill that sets aside funding for the repair and modernization of US roads and highways. Obviously, we would love to see more money put towards the pressing issue around the state of our highways and roads, but we feel this proposal is a great first step, and highly expect we could see increased funding allocation for the area of roadway upgrades in final negotiations to any bill."

Smart Road Technology

Premier Products SmartRoad™ Turtle (SRT) intelligent Roadway Pavement Marker Device use advanced sensing technologies, and wireless communication technology to integrate with critical traffic management and Smart City infrastructures. When deployed, SRT devices will be embedded in and near paved road surfaces to support autonomous (driverless) and semi-autonomous vehicles and will interact with new and existing open platforms, that support critical Smart City infrastructures. https://smartroadturtle.com/

Smart Road Technology Patents

The company recently signed agreement with NPI Mobile for an exclusive worldwide distribution agreement covering NPI Mobil's twenty-one (21) international Intelligent Transportation Systems (ITS) patent portfolio.

The patented applications cover technologies for autonomous and semi-autonomous driverless vehicles and will also communicate with other critical smart road & city infrastructures.

About Premier Products Group Inc

Premier Products Group Inc (OTC:PMPG) engages in acquiring technology companies, developing SmartRoad and Smart City infrastructures. Our SmartRoad™ pavement markers provide navigational data to automobiles, which in turn can save lives, improve logistics and provide data to driverless vehicles, thus making roads a living and breathing Smart Highway. https://pmpginc.com/

Follow us on Twitter: https://twitter.com/PMPG_INC Safe Harbor Statement:

Except for historical information, certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and those statements are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance such statements will prove accurate and actual results, and future events could differ materially from those anticipated in such statements. The Company cautions these forward-looking statements are qualified by other factors. The Company undertakes no obligation to publicly update any statements in this release.

CONTACT:
Tony Hicks
Chairman/CEO
(818) 798-1878
tony@pmpginc.com

SOURCE: Premier Products Group, Inc.

View source version on accesswire.com:
https://www.accesswire.com/638659/Premier-Products-Announces-Support-for-US-Infrastructure-Bill

FAQ

What is Premier Products Group's involvement with the infrastructure spending bill?

Premier Products Group supports the infrastructure spending bill that allocates $115 billion for upgrading U.S. roads and highways.

How much funding is expected for improving road safety in the infrastructure bill?

The infrastructure bill sets aside an additional $20 billion specifically for improving road safety.

What technology is Premier Products Group developing?

Premier Products Group is developing SmartRoad technology, which integrates with traffic management systems to support autonomous vehicles.

What recent agreement has Premier Products Group signed regarding patents?

The company has signed an exclusive worldwide distribution agreement for 21 international Intelligent Transportation Systems patents.

What is the stock symbol for Premier Products Group?

The stock symbol for Premier Products Group is PMPG.