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| VTXB Announces funding for pilot program will move the pilot program forward without debt, and without a dilutive strain VTXB stock |
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 Hot Stock to Watch |
Company: Vortex Brands Co. (Pink Sheets: VTXB)
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Last:
Price: 0.0071
Change (%): + 0.00 (0.00)
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Vortex Brands Reveals Progress Toward Pilot Program Funding
SACRAMENTO, Calif., Dec. 03, 2019 (GLOBE NEWSWIRE) - Vortex Brands Co. (USOTC: VTXB) operating under the dba Vortex Green Energy, and Tripac Systems, a privately held company, are cooperating to commercialize a national energy service plan that reduces generation requirements to utilities who implement Phase Angle Synchronization (PAS) within their service territories. Tripac Systems will supply the equipment and installation at no cost, meaning no new budget items for the utility. Vortex Green Energy will undertake the daunting task of administering and coordinating all aspects of the service program.
Tripac Systems is finalizing agreements to secure full funding for the pilot program in exchange for a manufacturing license. This structure will move the pilot program forward without debt, and without a dilutive strain VTXB stock. “Being able to launch this pilot program is exactly what our supporters have been waiting for and being able to do so without debt nor a strain on the stock is a great reward for those supporters,” said Todd Higley, CEO of Vortex Brands Co.
The pilot program will place multiple PAS systems into real-world environments and produce conclusive data to prove the energy-saving and generation reduction capabilities of PAS that will create national and international demand for this long-awaited solution in the industry.
Recent articles have helped to explain the complicated PAS technology in an easy to understand way, including one written by an engineering student from the University of California at Davis as an intern for CleanStart.org, a Sacramento based support group for clean technology startups: https://cleanstart.org/blog/profile-vortex-green-energy/
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