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Planet Resource Recovery Inc. (OTC:PRRY) has appointed Rod Hershberger, former CEO of PGT Innovations, as an Independent Advisor. Hershberger co-founded PGT and led its IPO in 2006, bringing extensive experience in operations and management. CEO Andrew Lapp anticipates that Hershberger's guidance will be crucial for the relaunch of MAX ATVs. The company is re-engaging legacy suppliers to ensure quality parts for production. PRRY plans to leverage the MAX brand's 53-year legacy while diversifying its product line to include larger and electric vehicles, aligning with advancements in battery technology.
Planet Resource Recovery (OTC PINK:PRRY) is advancing towards the relaunch of its MAX amphibious all-terrain vehicles in 2023. The company is procuring essential assemblies for rigorous testing on its pilot vehicle as part of quality assurance for mass production. President Galen Reich emphasized the importance of testing parts, particularly under extreme conditions. PRRY is also launching its own engine brand and has ordered components crucial for the MAX vehicle's performance. The ATV market continues to grow, with over 1,010,000 units sold annually.
Planet Resource Recovery, Inc. (OTC PINK:PRRY) has appointed Galen Reich as its new President, effective March 1st. With over 20 years in the industry, Reich previously led Recreatives Industries, enhancing dealer networks and achieving significant revenue growth. His experience includes expanding vendor relationships and implementing effective direct-response marketing strategies. The company plans to revive the MAX Amphibious All-Terrain Vehicles brand and strengthen its supply chain while exploring international market opportunities.
Planet Resource Recovery, Inc. (OTC:PRRY) has acquired the MAX Amphibious All-Terrain Vehicle product line and assets from Agile Vehicle Technologies Limited as of November 26, 2021. The MAX ATVs, produced since 1969, have a legacy of over 25,000 units. CEO Andrew Lapp emphasizes the opportunity to re-establish supply chains and resume production in Buffalo, New York. The existing market includes approximately 10,000 MAX vehicles, presenting avenues for replacement parts and accessories. Additionally, the company appointed Galen Reich as President, bringing extensive experience from Recreatives Industries.
Planet Resource Recovery, Inc. (OTC:PRRY) has announced its intention to acquire a well-established brand in the recreational industry. This acquisition includes the product line, assets, and intellectual property from a company with a valuation exceeding $10 million at its peak. CEO Andrew Lapp expressed excitement about the brand's legacy and future potential, emphasizing plans to restart production, which has been paused for five years. A new president with a strong background in the founding company will join post-acquisition to facilitate growth and expansion.
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