CORRECTION -- Viper Networks, Inc.

Viper Networks (OTC Pink: VPER) has announced a partnership with local providers to launch a $100 million USD Phase 1 Smart City Project in Sri Lanka.

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Rhea-AI Sentiment

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Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

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Rhea-AI Summary

Viper Networks (OTC Pink: VPER) has announced a partnership with local providers to launch a $100 million USD Phase 1 Smart City Project in Sri Lanka. The project will be interconnected with Airtel, Hutch, and Sri Lanka Telecom (SLT) through three separate contracts. This initiative marks the beginning of a larger plan that aims to expand into subsequent phases, potentially reaching a total investment of $500 million USD over the next 4 to 5 years, enhancing the company's position in integrated systems for Smart City solutions.

Positive

Partnership to launch a $100 million USD Smart City Project in Sri Lanka.
Expansion potential to a $500 million USD project over the next 4 to 5 years.
Collaboration with established telecom providers enhances credibility in project execution.

Negative

None.

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News Market Reaction – VPER

The recorded move for VPER in the trading session of this news was +43.56%.

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05/18/2021 - 02:56 PM EDT

TROY, Mich., May 18, 2021 (GLOBE NEWSWIRE) -- In a release issued today by Viper Networks, Inc. with the headline "Viper Networks and Local Partner Interconnected with Airtel, Hutch and SLT to Launch 100 Million Phase 1 Smart City Project in Sri Lanka," please note that currency was not indicated in the headline or first paragraph. It is USD. The corrected headline and first paragraph follow:

Viper Networks and Local Partner Interconnected with Airtel, Hutch and SLT to Launch $100 Million USD Phase 1 Smart City Project in Sri Lanka

Viper Networks, Inc. (OTC Pink: VPER), (Company), an international leader in the LED lighting products and integrated systems markets for Smart City projects, is pleased to announce partnership with local service provider interconnected to three (3) separate contracts with Sri Lanka Telecom (SLT), Bharti Airtel and Hutch to Launch $100 Million USD Phase 1 Smart City Project in Sri Lanka. The project will grow into subsequent phases making it a $500 million USD project over the next 4 to 5 years.

Investor/Media Contact: SAG Equity Group at 407.444.5959

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the total investment planned for the Smart City Project by Viper Networks?

The total investment for the Smart City Project is planned to reach $500 million USD over the next 4 to 5 years.

Which companies are collaborating with Viper Networks for the Smart City Project?

Viper Networks is collaborating with Airtel, Hutch, and Sri Lanka Telecom (SLT) for the Smart City Project.

What is the initial phase investment for the Smart City Project in Sri Lanka?

The initial phase investment for the Smart City Project in Sri Lanka is $100 million USD.

What stock symbol is associated with Viper Networks?

Viper Networks is associated with the stock symbol VPER.

CORRECTION -- Viper Networks, Inc.