Impact Fusion International Inc. (OTC:IFUS) Stock In Focus After Year-End Update
There are certain companies that are expected to come into focus among investors this morning owing to the developments from Wednesday, and one of those could well be Impact Fusion International Inc. (OTC:IFUS). The company was in the news yesterday after it came up with an update following the end of its financial year on September 30, 2023.
The company noted that it had accomplished a lot of milestones during the fiscal year. The company noted that there were a lot of news reports with regards to the droughts, which had caused considerable discomfort in the southern states of the country. Some of the states that were particularly affected were Alabama, Texas, Oklahoma, Louisiana, New Mexico, and Alabama. The company’s representatives met with government officials at both the state and federal levels and provided them with information about SGP+. The company noted that it was awaiting confirmation of further meetings with lieutenant governors, governors, and state and federal senators.
The company also noted in its news release that when its technology is properly applied, coupled with the observance of the right protocols, it can lead to considerable benefits for farmers and ranchers. That correct application of the technology would lead to lower greenhouse gas emissions, boost herd health, get rid of fly infestations, and produce manure patties with an ideal score of 3.
Perhaps more importantly, it would also reduce the costs to $0.45 per day per head from $3.45 per day per head and lead to higher revenues as well. Impact Fusion International also stated that it had the capability of producing as much as 4900 tons a week on a schedule stretching across six days. The company noted that it had the equipment to run shifts of 2.10 hours over the course of a six-day-a week schedule.
During the financial year that ended on September 30, 2023, the company also contacted nearly 300 extension agents in the states of Louisiana, Oklahoma, Mississippi, and Texas through email. Additionally, the company also made follow-up calls in order to discuss the opportunities that would be provided by its technology platform. It was a significant development since extension agents are in direct contact with farmers and ranchers and provide them with advice.
The Chief Executive Officer of Impact Fusion International, Marc Walther, had also gone to trade shows and symposiums along with dairy farmers and cattle farmers. At those events, he had discussions about SGP+ with the farmers and ranchers. Following those interactions, the CEO continued to speak to the ranchers and farmers through other means later on.
The company also revealed that Walther had also gone on a number of podcasts for the purpose of providing a complete look into the business of Impact Fusion International. In a recent email to the shareholders, Walther informed them that the company had been in talks with individuals from India who controlled 10 sugar refineries and also had access to 500000 dairy cattle in the country. The individuals also expressed interest in the Intact Nutrition line of products.
