Ozop Energy Solutions Inc Stock Price, News & Analysis

Ozop Energy Solutions (OZSC) has launched Ozop Engineering and Design (OED), a subsidiary focused on developing energy-efficient smart lighting control systems for commercial and military sectors. With the global smart lighting market projected to grow from $40.5 billion in 2022 to $78.8 billion by 2026, OED will cater to various clients, including architects and military contractors. Operations began on April 1, 2022, and OED is already in discussions for over 40 contracts, aiming to enhance revenue through innovative renewable energy solutions.

Ozop Energy Solutions has announced that its subsidiary, EV Insurance Company, Inc., received a Conditional Certificate of Authority to operate as an insurance company from the Delaware Department of Insurance as of January 4, 2022. This approval allows Ozop Plus to create and market Vehicle Service Contracts focused on electric vehicles, addressing concerns such as battery repair costs and environmental responsibilities. CEO Brian Conway expressed excitement about launching these products, which aim to enhance EV owner confidence.

Ozop Energy Solutions (OZSC) announced plans to produce extended warranty products for electric vehicles (EVs). Through its subsidiary, Ozop Capital, the company has partnered with Risk Management Advisors, Inc. to create EV Insurance Company, Inc. (DBA Ozop Plus). The warranty aims to address EV owners' concerns including battery repair costs and roadside assistance. Ozop Plus will provide comprehensive coverage backed by a carrier with an 'A' rating, enhancing protection for both new and existing EV buyers.

OZOP Energy Solutions has initiated the development of a proof-of-concept for its Neo Grid, aimed at enhancing energy distribution for the electric vehicle (EV) market. Engaging Hyde Engineering Services, the company plans to develop a prototype within eight months. The Neo Grid is designed to provide energy independently of current grid limitations, addressing infrastructure flaws seen in California and other regions. This innovative design aims to support multi-MW demands and aims to tap into various markets, including marine and residential sectors.

Ozop Energy Solutions (OZSC) expressed optimism following the US House of Representatives' passage of a $1 trillion bipartisan infrastructure bill aimed at modernizing power infrastructure to support renewable projects. The bill, touted as the largest clean energy investment in US history, will facilitate new transmission lines and lower costs. Ozop's subsidiaries are positioned to benefit, particularly through Ozop Energy Systems in solar distribution and EV-charging solutions. The company also aims to innovate in military energy solutions, leveraging its experience in the green engineering domain.

Ozop Energy Solutions (OZSC) announced the successful modification and commissioning of a 1 MW power supply for the U.S. Navy's classified nuclear propulsion application at Pearl Harbor. The modifications, completed by its subsidiary Power Conversion Technologies, Inc. (PCTI), received approval after successful testing, with the power supply set to enter service in January 2022. PCTI’s President expressed pride in the team's achievements and noted the significance of the Navy's trust in their capabilities.

Ozop Energy Solutions (OZSC) has announced that its subsidiary, Power Conversion Technologies, Inc. (PCTI), received a contract to supply a 100KW DC power supply and a 100KW load bank for an electric commercial aircraft company. This marks a significant expansion into the aerospace market, with three units set for delivery over the next year. PCTI's collaboration with the customer highlights their commitment to developing green aviation technology, which aims to contribute to zero-emission aircraft by 2030.

Ozop Energy Solutions, through its subsidiary Power Conversion Technologies, Inc. (PCTI), is expanding into the commercial aerospace sector after 30 years of success in military aircraft. The company aims to leverage its experience in manufacturing ground power units (GPUs) to meet the growing demand in business and civil aviation markets.

PCTI's GPUs are designed for durability and reduced maintenance costs, addressing challenges in charging infrastructure. The global GPU market is projected to grow from $625.2 million in 2019 to $952.6 million by 2027.

Ozop Energy Solutions (OZSC) announced that its subsidiary, Power Conversion Technologies, Inc. (PCTI), received a contract from Canada's Department of National Defense for battery charging systems worth $721,880 CAD ($572,450 USD). The order includes two high-capacity 1.875MW chargers and one 21KW charger. This selection underscores PCTI's capability in supporting Canadian submarine maintenance programs, as highlighted by PCTI's President. With new leadership, the company is optimistic about building strategic relationships and addressing industry challenges.