Integrated Energy Solutions Inc. (OTCQB: IENG)
Integrated Energy Solutions Inc. is a publicly traded (OTCQB: IENG), mining company committed to progressively developing into one of the leading American players in the global Lithium industry. The Company is headquartered in Henderson, NV. Integrated Energy Solutions Inc. has amassed a Lithium portfolio consisting of ~727,779 acres, including a large project in Alberta, Canada, and a project in Western Australia, and four Nevada-based projects nearby the only Lithium producing plant in the US. Integrated Energy Solutions Inc. is moving toward becoming a vertically integrated energy service company.
ERNEST B. REMO, CEO OF Integrated Energy Solutions Inc., COMMENTED ON PROPOSED ACQUISITION OF PATTEN ENERGY:
"This marks one of the first steps in the implementation of the Company's new strategic initiatives. Over the coming weeks and months the Company anticipates making additional progress in implementing these new strategic initiatives and will advise Shareholders regarding any new developments."
"We are very excited about the future of the company and invite all Shareholders and all other interested parties to call or email our Investor Relations team with any questions, comments or concerns."
Integrated Energy Solutions Inc. is keen on making complementary acquisitions in the same vertical and horizontal business segments.
ABOUT PATTEN ENERGY
Patten Energy is a diversified energy firm specializing in the marketing of natural gas, propane and petroleum products to utilities, fleets, industrial and commercial markets. In 2005, Patten expanded to include services such as IT, environmental remediation and hazardous waste. Their client list includes businesses of various sizes, as well as segments of the federal, state and local governments.
ABOUT LITHIUM: Lithium is a lightweight metal used in a wide range of consumer products the world over: the medical industry uses Lithium as an anti-depressant; industrial uses include glass, ceramic and porcelain enamel manufacture; the aviation industry uses Lithium in alloys. Of particular interest is the use of Lithium for battery production, which has expanded significantly in recent years due to rechargeable Lithium batteries being used increasingly in electrical tools and in the rapidly expanding portable electronics market. Furthermore, the next generation of hybrid and electric vehicles are being designed to use high-capacity Lithium-ion batteries as environmentally-friendly fuel alternatives while the Obama administration has introduced $5 billion in funding and incentives for the development of a secure, domestic battery industry with special focus on Lithium-ion batteries. Nevada is home to upcoming Lithium battery Gigafactory designed to reduce cell costs much faster than the status quo and, by 2020, produce more lithium ion batteries annually than were produced worldwide in 2013.
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