Solaris Power Cells Inc (OTCMKTS:SPCL)
Solaris Power Cells Inc (OTCMKTS:SPCL) was positioning itself as an alternative to traditional battery storage in the alternative energy sector but an announcement today demonstrates the fulfilling of a strategic shift in the company’s efforts.
Batteries play a vital role in alternative energy solutions. Energy sources such as solar or wind produce energy for downstream use as it is needed and any excess power is stored in batteries for use when the sun is down or the wind is not blowing. However, the battery industry is having a difficult time addressing the shortcomings that come with battery storage. Solaris Power Cells Inc (OTCMKTS:SPCL) designed and developed its Passive Electron Storage Array (PESA) to address these shortcomings. Polaris spent years in the R&D phase but now has several prototypes which include a self-recharging SUV and a “vapor mod” smoking system.
On March 20, 2017 Solaris announced an agreement with Lithium Exploration Group Inc. (LEXG) to license and continue development of its PESA energy storage technology. Solaris Power Cells Inc (OTCMKTS:SPCL) has used the funds from that deal to change the strategic direction of the company.
Solaris now identifies itself as a acquirer and manager of digital media properties. Adding to its digital media holding PixelMags, Solaris Power Cells Inc (OTCMKTS:SPCL) today announced a definitive agreement for the acquisition of migme (ASX:MIG) – one of Asia’s fastest growing social media platforms. Migme has a large user footprint in Asia (35 million monthly active users). The service allows stars and fans to interact in chat rooms. Growth rates for migme approach 30% per quarter which ranks it as one of South East Asia’s fastest growing social media platforms. Judging by the price action on the stock today, investors must believe good times are ahead. Essentially, in the course of a few hours, the market capitalization for Solaris Power Cells Inc (OTCMKTS:SPCL) doubled.
I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.
About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.