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Cybernetic Technologies Ltd (OTC: HPIL) has partnered with L. Ferrox Tutinean to establish Apogee Dynamics Ltd, a company focused on innovative battery technology. Apogee Dynamics aims to create a power source that charges only annually for diagnostics and repairs, applicable to various vehicles including automobiles and boats. Tutinean, who brings extensive experience from the US Military and was involved in projects like the B-One Bomber, will serve as President. CEO Stephen Brown emphasized the potential impact of this technology in the energy sector.
Cybernetic Technologies Ltd (OTC: HPIL) has acquired World Gaming Group Inc., which has developed 'GAMEZCASH' and 'TUNEZCASH' as new currencies for the esports and online music industries. The acquisition will leverage World Gaming Group's blockchain projects, enhancing HPIL's market position. CEO Stephen Brown announced monthly shareholder meetings to provide insights into the company's future direction. The upcoming meeting is set for July 2, 2021, at 2:00 PM PST.
Cybernetic Technologies (OTC: HPIL) announced on May 18, 2021, its intention to acquire 100% of Crank Virtual, a division of Crank Media Inc. This acquisition aims to enhance the Company's product offerings and market reach. The Letter of Intent indicates a strategic move to expand business capabilities in the virtual space. This acquisition is a significant step for Cybernetic Technologies, which is looking to capitalize on emerging opportunities in the technology sector.
HPIL Holding has announced its name change to CYBERNETIC TECHNOLOGIES LTD., following approval from FINRA. CEO Stephen Brown expressed anticipation for a Q&A session on May 28 to clarify any misconceptions surrounding the company's direction. The announcement emphasizes the company's commitment to overcoming challenges and improving its position within the market.
Forward-looking statements in the release warn of risks associated with market conditions and product acceptance, reminding investors of potential uncertainties in achieving projected outcomes.