Enerkon Solar International (ENKS) Signs Purchase Agreement for 20% of ALBAYRAKLAR Defense Unit of the ALBAYRAK Group
Delray Beach, Florida--(Newsfile Corp. - August 6, 2020) - Enerkon Solar International (OTC Pink: ENKS) Chairman Mr. Benjamin Ballout stated today that "in keeping with our previous announcements regarding the establishment of their new Technology Holdings Division for New Patents recently Acquired, we are pleased to advise that ENKS has signed a Purchase agreement for 20% of ALBAYRAKLAR Defense unit a part of the ALBAYRAK group (a 56 year old Holding company with high revenues) and currently have acquired the Patents and Trademarks as well as the Pre-sale / Pre order Units for fulfillment through the formation of a wholly owned corporate division called Wattoz a Delaware corporation whereas Enerkon Technologies Holdings Inc. and the primary company of ENKS has 51% shares and control."
Mr. Ballout further states that "the company has recently purchased and developed several important and disruptive technologies which are Patented/Trademarked for Minimization and Commercialization during this year and the first 2 quarters of 2021 - the technologies are as follows:
1. A new Pharmaceutical product and treatment currently in trials and then up for regulatory approvals.
2. Aluminum / Electrolyte Fuel Cell (Electric Vehicle Battery) Patented and using a new defouling technology (silver nano particles) which supersedes other similar attempts at commercial viability giving our technology a green light for commercialization, monetization and distribution. The new technology is 38% lighter and less expensive then lithium cobalt and other current EV batteries in production and does NOT require an expensive National recharging Infrastructure as they are swapped out at participating roadside market franchises in 5 minutes and sent for recycling - using a unique scanner-based Cloud-driven pay-as-you-use system that is at or under national market cost for currently used EV Battery technology and having a range much greater (1500 Kilometers) - The new technology initially called the ENKS AL-Ox Battery (fuel cell) is slated for initial road testing of prototypes for commercialization (Battery factory / recycling facility ) providing the batteries to EV Car Manufactures worldwide targeted for mid-2021.
3. ENKS acquired the transfer of all Patents and Rights for new groundbreaking Police Hand Held Stun Gun which is wireless and much more superior and safer than the Taser the main competitor company. The company Formed a wholly owned corporate division (Wattozz Holdings Inc) as per the agreement to hold the Patents rights and technology as well as the Pre orders worldwide. The company expects to finalize technical and financial elements of the transaction with further plans to up list on NASDAQ once the companies AUDIT for the former 2 years are complete. The Technology and Patents are valued by Bakertilly valuation report at a considerable sum. Pre orders will be filled by contract manufacturing implemented by ENKS.
4. The company further acquired rights to new disruptive technology in the Fintech industry using AI and other elegant new technology and platforms currently under development for this year and Q-1 2021."
Mr. Ballout in his closing statement today stated: "we remain encouraged by the present situation even in the face of the COVID19 Pandemic and look forward to the rest of the year and coming years with optimism - New Product Patent / Trademark and Technology revenue is expected to start during the next Quarter pending positive outcomes from development and commercialization activities underway now."
The foregoing statements are forward looking statements, and as such, they may or may not reflect the results which could transpire in the future which should be negative or not transpire at all due to circumstances or other reasons and investors, shareholders, or others should not rely on these forward-looking statements to ascertain any value if any of ENKS or to make any investment decisions and to take note that this is not an offer to buy or sell securities or an endorsement of ENKS for investment purposes as all investment carry a risk of loss sometimes a total loss of your investment in Micro cap shares markets or any market and therefore such statements or plans should not be relied upon for any business decisions of any kind.
Approval and permissions required by federal regulations may or may not be approved and if not approved may result in the loss of all value and all investments in products requiring such regulatory permissions to market and sell. These statements are made as forward-looking statements for educational purposes only in accordance with the rules and regulations which pertain to the same.
Mr. Benjamin Ballout
Enerkon Solar International Inc.:
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/61234