Viper Networks I Stock Price, News & Analysis

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.

Viper Networks (OTC Pink: VPER) has announced a partnership to initiate a 100 million Smart City project in Sri Lanka, which is expected to expand to a total of 500 million over the next 4 to 5 years. The project will first install Smart City LED Light Poles at educational institutions in Colombo, with plans to cover the entire country later. The Apollo Smart Pole technology will provide advanced security and communication features. Additionally, VPER is preparing to launch the CyberGrab app, which will offer various local services.

Viper Networks (VPER) has released a Disclosure Statement, revealing a net income of $37.6 million for the first quarter of 2021. This was largely due to debt forgiveness of $38.5 million. The company has reduced its total debt from $51.3 million to $12.7 million and reached an agreement to cut interest rates on officer salaries from 33.16% to 10%. Viper Networks also decreased outstanding shares by 7.8%, aiming for a further reduction. The company anticipates leveraging federal and state operating losses of approximately $70 million to offset future profits.

Viper Networks (VPER) has entered a Joint Venture with BIET Technologies Group for renewable energy projects across the USA, South Africa, Sri Lanka, and Malawi. The partnership focuses on launching the hybrid solar HASSABOU COLLECTOR, aimed at producing 50 MW to 100 MW of energy per project, valued at $150 million. This innovative solar technology claims an efficiency of 91% and operates continuously, even in low sunlight conditions. The collaboration seeks to enhance energy access, food production, and housing in developing regions.

Viper Networks, Inc. (VPER) has engaged Charles Saad as a Merger and Acquisition consultant, focusing on strategic acquisitions in the Renewable Energy and Smart Cities sectors in the MENA region. Saad, with 28 years of experience, will lead negotiations with established international companies. Notably, large insider shareholders, including the CEO, plan to return up to 500 million VPER shares to finance potential acquisitions. The company aims to enhance its market position and will keep shareholders informed about developments and acquisition terms.

Viper Networks, Inc. (OTC Pink: VPER) has announced full compliance with OTC Markets’ guidelines by filing all required financials for 2019 and 2020. With the first quarter ending March 31, initial 2021 financial data will be submitted by May 15. The company has updated its website and plans further enhancements showcasing new products. CEO Shouekani emphasized the importance of timely financial disclosures for market transparency and pledged to maintain ‘Current’ status while focusing on growth in the LED Smart City sector.

Viper Networks, Inc. (OTC Pink: VPER) has submitted its financials for 2019 and 2020 to OTC Markets, marking a step towards compliance. The company also plans to enhance its website and recently introduced its smart air quality monitoring system to local advisory boards, aiming for a presentation to Los Angeles County officials by April. This system is part of a $25 million health study. CEO Shouekani highlighted anticipated revenue growth in 2021. VPER aims to achieve 'Current Status' with OTC Markets soon and will announce new partnerships and projects.

Viper Networks, Inc. (OTC Pink: VPER) is set to present its Smart Air Quality Monitoring System to officials in Los Angeles County by March 31. This initiative is part of a $25 million health study focusing on monitoring methane gas levels from the Aliso Canyon Gas Facility in Porter Ranch. The advanced system, which integrates new hardware and software technologies, aims to enhance community health and safety. CEO Shouekani highlighted the project as a foundation for a broader Smart City platform. The company’s Apollo Smart Lights complement this by improving traffic management and reducing costs.

Viper Networks (OTC Pink: VPER) announces the upcoming launch of its CyberGrab app, designed to enhance its Apollo Smart Light technology by offering various services to consumers in South Africa, Sri Lanka, Canada, and the U.S. The app will include features like taxi rides, grocery delivery, and bill payments, initially targeting specific metropolitan areas. CEO Mr. Shouekani highlighted the integration of the app with the company's 5G wireless enhancements, aiming to facilitate interactions between city employees and smart devices. This initiative aligns with Viper's mission to improve urban infrastructure.