Burlington, Canada, May 18, 2021 – McapMediaWire — Hydro Power Technologies, Inc. (OTC Pink: PYBX) (the “Company” or “HPT”), provides a corporate update and announces its agreement with Zuc Energy SRL, a European Leader in Modular Solar Panel Systems based in Verona, Italy.
On April 5, 2021, the Company completed the change of its Transfer Agent to Pacific Stock Transfer Company of Las Vegas, Nevada. Pacific Stock Transfer is a subsidiary of Pacific Services Group Ltd., which is also the parent company of Capital Transfer Agency of Toronto, Ontario. As one of the largest transfer agency groups in the USA, representing over 2,300 publicly traded and private issuers, Pacific Stock Transfer is a premier professional services firm that prides itself on providing the highest-quality service in the industry. Pacific Stock Transfer and Capital Transfer Agency are registered with the Securities and Exchange Commission and are members of the Securities Transfer Association (STA) and Securities Transfer Association of Canada (STAC).
On March 5, 2021 HPT completed negotiation to acquire 50% of ZUC Energy SRL. ZUC Energy was formed in 2020 as an “Innovative Startup” in Italy, which, according to European Union regulation, qualifies ZUC Energy for special grants and financial support for its projects. ZUC Energy was formed by a pool of engineering specialists, who have very significant experience in photovoltaic activities, gained mainly from their many years in the research and development, which led to the development of the ZUC-SOLAR ORC® module and the Riverclack® Roof System.
In its early life, ZUC Energy has already achieved important results in the photovoltaic sector, with its know-how, patents, systems and order portfolio, allowing it to focus on its ambitious goals. It is projecting 2021 gross revenue of 5 million euros, with EBITDA of 16.5%. In addition, the company is planning to achieve year-over-year growth of 9% over the next five years.
HPT President, Michael Shamber, states, “We are pleased to announce the first of three agreements that we have been negotiating over the past ten weeks. This first agreement between ZUC Energy and HPT is based on a private equity investment of up to Two Million Five Hundred Thousand Dollars for continued development and deployment of the ZUC Energy green energy solutions, which, when added to the possible European Union “Innovative Start Up” grants, for up to 2.5 million euros, could greatly enhance the Company’s ability to achieve its financial projections for the next five years. HPT is pleased to incorporate ZUC Energy and its technologies into our Green Energy group.”
ZUC ENERGY – Milan Fair –Italy
About Hydro Power Technologies, Inc. (OTC Pink: PYBX)
HPT’s mission is to provide and to continue to develop new innovative green hydropower technology options that are grid ready, safe, reliable and cost effective for utility providers worldwide. HPT has developed a system to increase the power output of an impact turbine hydro generation system. The first generation of products from the HPT system known as “Hammer1“, utilizes hydraulic water phenomena to produce rapid fire, high speed, long water projectiles that have a velocity 1.25 to 1.30 times greater velocity than the traditional “Free Flow” turbines in operation today. The additional velocity increases the rotational torque of the impact turbine runner, thus increasing the power generation much more efficiently than today’s installed power generation plants.
Hydro Power Technologies, Inc.
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