DarkPulse Inc. (OTCMKTS:DPLS) Stock Surges: Company to Acquire Fiber Optic Cable and HDPE Pipe Manufacturing Company
DarkPulse, Inc. is a technology company that focuses on the manufacture, sale, installation, and monitoring of laser sensing systems. These are based on its patented BOTDA dark-pulse sensor technology for assessing the health and security of the infrastructure. It uses laser-based monitoring systems for quick and accurate monitoring of temperatures, strains, and stresses. The company’s fiber-based monitoring systems can help not currently served, and its unique technology covers extended areas and any event that is translated into the detection of a change in strain or temperature. The company is working for exploring potential strategic alliances through joint venture and licensing opportunities, as well.
Market Stats
On Wednesday, DPLS stock moved up 10.40% to $0.0255 with 19.73 million shares, compared to its average volume of 17.99 million shares. The stock moved within a range of $0.0230 – 0.0256 after opening trading at $0.0250.
DarkPulse, Inc. Signs LOI to Acquire OM Optel, a Fiber Optic Cable and HDPE Pipe Manufacturing Company Based in India
Dark Pulse, Inc. has announced on July 13, 2022, about signing an LOI for acquiring Om Optel Industries Pvt. Ltd., a Fiber Optic Cable and HDPE Pipe Manufacturer based in India.
Founded in 2015, Om Optel is a leading ISO 9000 and ISO 14000 company that maintains a state-of-the-art manufacturing facility for high-quality Optical Fiber Cable (OFC), Optical Patch Cords, and Multilayer Polyfilms, HDPE pipes, and Injection Molding products. It is a professionally managed organization that has developed its core competence in the manufacturing of valuable products using cutting-edge technologies and excellence in services.
DarkPulse Chairman and CEO, Dennis O’Leary, states that more than 60% of expenses associated with the installation of fiber sensors is due to the optical cables needed during the process. Thanks to this acquisition, DarkPulse can now offer highly competitive installation pricing, while affording them the capability of manufacturing and designing specialized optical sensing cable products.
He further elaborated that Om Optel’s HDPE pipe manufacturing business allows DarkPulse to offer gas pipeline products both with and without integrated leak detection capabilities. In the future, DarkPulse and OM Kothari Group plan on working together across a multitude of industries that including Smart Infrastructure. The acquisition is pending closing, which is to be completed after ironing out a definitive acquisition agreement and customary due diligence.
Key Quote
“Nearly 65% of costs associated with the installation of fiber sensors is a direct result of the optical cables required for these installations. This acquisition will allow the Company to offer highly competitive installation pricing while affording DarkPulse the capability to design and manufacture highly specialized optical sensing cable products,” said DarkPulse Chairman and CEO, Dennis O’Leary. “In addition, Om Optel’s HDPE pipe manufacturing business allows DarkPulse to offer gas pipeline products both with and without integrated leak detection capabilities,” Mr. O’Leary continued. DarkPulse and OM Kothari Group plan on working together across a multitude of industries including Smart Infrastructure.
Traders Corner
DPLS stock is trading below the 20-Day and 50-Day Moving averages of $0.0236 and $0.0263 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0568.
