Ozop Energy Solutions (OTCMKTS:OZSC) Stock Attempts To Bounce Back After The Recent Fall
Shares of Ozop Energy Solutions (OTCMKTS:OZSC) ended higher in the previous trading session after the recent fall.
Market Stats
On Friday, OZSC stock jumped 4.58% at $0.0514 with more than 34.93 million shares, compared to its average volume of 37.52 million shares. The stock has moved within a range of $0.0492 – 0.0547 after opening trading at $0.0529.
Ozop Energy Solutions and Hyde Engineering to Bring Neo-Grid to Market
Inventor, designer, manufacturer and distributor of ultra-high-power chargers for a number of applications in defense, heavy industrial, maritime and other sectors, Ozop Energy Solutions (OTCMKTS:OZSC) on November 26, 2021 announced that after analysis of energy markets, the firm has elected to engage Hyde Engineering Services for producing conceptual design of the Neo-Grid.
The design includes charging, transportation as well as discharging of energy into Level 3 chargers.
HES gives mechanical, electrical and architectural engineering designs for enabling construction. Holding PE licenses in 23 States and having history of technical engineering for commercial and utility-connected advanced energy projects, HES has designed and interconnected over 175MW of distributed energy resource projects across the US and internationally.
Brian Conway CEO of Ozop Energy Solutions said that this commences development phase of the prototype that the firm is seeking. Conway added that the company’s experience in energy storage as well as EVs will enable it to move ahead from conceptual idea to proof of concept in about eight months.
The CEO added that the team has assessed numbers at many levels and once deployed it will be a wonderful day for the industry. Conway feels that Hyde shares vision as well as outside-the-box way of thinking.
The Neo Grid proof of concept will confirm the company’s financial model and validate energy loss calculations defining resistance losses coming from storage.
Traders Corner
OZSC stock is trading above the 20-Day and 50-Day Moving averages of $0.0496 and $0.0449 respectively. However, the stock is trading below the 200-Day moving average of $0.0842. The stock is up 28% in the past month.
