EGOC Announces 12-month Plan and Jumps +70%
Energy 1 Corp. (PINK:EGOC) today released its strategy for growth over the next 12 months and in early trading shares of EGOC were up 75 percent at $0.0175 per share on volume of 14 million shares.
Management:
In the second quarter of the current year the Company underwent a change in control and introduced a new President (Dean Steiger) and Chairman (Raymond T. Brown II) to lead the Company. Since taking the helm, their collective goal is to focus on the successful development and focus on emission reduction devices and fuel economy saving technologies. In the widest panoramic view they are also keeping open channels for new opportunities in the new economy of reducing the need for fossil fuels within the transportation industry.
Product Development and Production Supply:
Dean Steiger President of Energy 1 is currently meeting and evaluating a short list of prospective manufacturing companies for the ExhausTek and IonTek emission and fuel economy technologies that the Company current holds under license. The goal over the next 90 days is to finalize and sign a definitive agreement with the winning manufacture partner. The winning firm will be one that meets the strict requirements of both design excellence and have the ability to ramp up manufacturing production in a scaleable sales environment as we ramp up distribution.
Market:
In the short-term (next 9 months): there are two main target markets. The first is the Inter State trucking industry and the second is the large off road and infrastructure construction operations. Management believes that these two markets offer the Company the quickest and most widely followed markets for new emission and fuel economy technologies with the tightening of the emission standards set by the EPA.
In the mid-term (6 to 12 months out): the company has identified the light-truck market as a potentially huge and undeveloped opportunity which management believes may be up to 10 times larger than the heavy Inter State trucking industry.
Sales and Distribution:
Energy 1 Corporation has targeted several regional distribution networks which will be announced once the agreements have been formalized. It is anticipated that the sales agreements will have a 5 year term with performance clauses as well as the right to develop an exclusive territory, this would be for both North American as well as global markets.
About Energy 1 Corp:
Energy 1 Corporation is a US based Energy Research and Development Corporation, specializing in the development of energy and emission solutions for the post carbon economy for the transportation, institutional and multi-unit residential industries
For more information visit: http://www.worldmarketmedia.com/779/section.aspx/2383/post/egoc-announces-12-month-plan-and-jumps-70
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