Movement Industries Corporation (OTCMKTS:MVNT) Stock Rallies After Launching Remote IoT Custom Skid Project
On Thursday Movement Industries Corporation (OTCMKTS:MVNT) was in focus after it announced it had been successful in the expansion of Custom Skid Deployment through the injection of proprietary chemical injection with IoT (internet of things) technology.
Trading Data
On Thursday, MVNT stock gained 20.34% to $0.0071 with 115K shares, compared to its average volume 235.63K shares. The stock moved within a range of $0.0071 – 0.0072 after opening trade at $0.0072.
Movement Industries Corporation Launches Remote IoT Custom Skid Project
The Chief Executive Officer of the company Linh Nguyen spoke about the development as well. He noted that the company had managed to successfully sell and launch the 2000 gallon tank that had been designed especially for remote use. He went on to add that Movement Industries Corporation was looking to add further production capacity in the future. The company’s own proprietary technology is used for monitoring and controlling the custom tank skid. The technology in question deploys IoT for continued maintenance and monitoring.
Nguyen also stated that everyone at the company was proud of the team that had managed to devote additional time and effort that had been necessary for the completion of the project. Movement Industries Corporation is essentially involved in making investments in growth companies involved in oil and gas, renewables, industry and agriculture.
The company’s management holds combined experience of more than 50 years in the worldwide energy industry. The growth strategy of Movement Industries Corporation is mainly geared towards deepening services and products on offer.
