This is not much but at least it looks like they are trying.
Sorry if this has already been posted
This is the latest 8K quarterly filing for SaviCorp which will be posted to the SEC EDGAR site once we complete the SEC From 10 to become re-listed. SaviCorp council is currently working to re-list SVMI at which time this 8K will be filed as per regulations with SEC.
Section 8 - Other Events
8.01 Other Events (Company Business, EDGAR Reporting, SEC and Secondary Stock Sales Update)
1. We have caught up on our Public Reporting on EDGAR.
On June 19, 2015, SaviCorp (“Company”) filed our Form 10-K for the fiscal year ending December 31, 2014 on EDGAR. On June 22, 2015, we filed our Form 10-Q for the fiscal quarter ending March 31, 2015. On June 29, 2015, we filed our 10-Q for the fiscal quarter ending September 30, 2014. Upon that filing, we were completely caught up on our public reporting responsibility. Our Form 10-Q for the fiscal quarter ending June 30, 2015 is due by August 15, 2015.
2. SEC De-Registration of SaviCorp.
We received a letter from the SEC dated July 13, 2015 containing an Order stating that the SEC has accepted an Offer of Settlement from the Company and pursuant to Section 12(j) of the Exchange Act (of 1934, as amended), the registration of the Company’s securities (common stock) registered pursuant to Exchange Act Section 12 is revoked.
3. Trading of SaviCorp’s Common Stock.
Our common stock is not trading on otcmarkets.com. We have commenced work on a Form 10 registration statement and plan to file it with the SEC to re-register our common shares. We also plan to retain a broker-dealer to file a Form 211 with FINRA and plan to have our common shares trading in the “secondary” public market once again. We do not know the timing of these efforts and are not able to guarantee the results.
4. Our Business Report for the first half of 2015.
We are licensing “DynoFlo HHO” for distribution; a new invention/patent of our Chairman/CEO, Serge Monros. This “after market” product can produce “on demand” hydrogen; primarily for use with large diesel engines. This technology reduces the need for potentially dangerous hydrogen storage systems and lowers the cost of utilization of the perceived benefits of hydrogen in reducing soot particles and increasing diesel engine efficiency. We plan to test and offer this unit for mobile and stationary industrial, commercial and maritime engines. The first pre-production unit is scheduled for installation on a freightliner 12.7 Detroit diesel engine to determine its potential benefits. Operating funds allowing, we plan to initiate nationwide marketing of DynoFlo HHO and see it as a diesel engine market complement to our DynoValve gasoline engine marketing efforts.
We are expanding our Asian marketing efforts. We are dealing with a South Korean company that took delivery of an order of 200 DynoValves in May of this year. They are in the midst of training with a SaviCorp technician for proper installations in anticipation of future orders. We have a small “satellite” presence in Seoul, Korea, with this company and anticipate establishing a licensing agreement with them; however, we are not to that stage as yet and cannot guarantee such a development. We also met with the same company representatives in our US offices in July of this year and are discussing the testing of 10 DynoFlo HHO units in Korea as well.
In Mid-May of 2015, our Vice President of Operations, Vince Manship, and Chief Technician, Mike Rockwood completed a trip to Beijing, People’s Republic of China. We have a Master Distribution Agreement in place with Beijing FlyingGlob Environmental Technology Limited Company for the distribution of DynoValves largely in the Peoples’ Republic of China (“MDA”). The primary purpose of this trip was to conduct DynoValve testing at the “Beijing Proving Grounds,” the Chinese government’s vehicle emissions testing facility; which provided results as required under our MDA. We are also cultivating other contacts made with Chinese governmental officials who we believe are aware of the potential benefits of Dynovalve when installed in vehicles; potentially assisting the Chinese with their well-known air pollution problems. The Chinese government is conducting more testing of DynoValve which we believe will result in the issuance of a classification known as “Green Product,” which is thought to give the product more marketing potential in China. We don’t know the timing of this testing and whether DynoValve will be able to achieve this status.
Operational funds permitting, we are planning to send Mr. Manship to Bangkok, Thailand later this year to witness emissions testing of the DynoValve to be conducted by the Thai government. We will be seeking “Green” status in Thailand as well and are contacting Thai companies seeking licensing partners there. We also have plans for Mr. Manship to travel to Dubai while in route to Thailand. Mr. Manship plans to meet with UAE government officials to discuss the “Green City Project” in Abu Dhabi.” We have a master distribution agreement, titled “International Exclusive Distribution Agreement” (“MDA”), in place with a company known as DynoGreen Tech, LLC (a CA LLC). This licensing agreement includes territory in Dubai and the UAE. Also known as “Savvy Green,” Green status is being sought by Savvy Green in India, as the company works with Tata Motors of India.
Domestically, we have an ongoing relationship with Walker Products, in Garden Grove, California, one of the largest “after market” auto parts retail firms in the United States. We have a product known as the “DynoPlug Spark Plug” for which Walker Products will begin prototype production. AutoPlug Spark Plug is another SaviCorp product that we believe will help reduce emissions for automobiles. We also have an agreement with Walker Products just going into place allowing them to market DynoValve under their private label as “EconoValve.” Walker Products is currently arranging for testing of the EconoValve unit.
During the 2nd quarter of 2015, SaviCorp was awarded a US Government System for Award Management (SAM) number. With this designation, we will appear on the US Government’s approved list of vendors and we’ll be able to bid on contracts to supply our products for installation and use on government vehicles in all our various United States departments, such as the military, postal service, National Park Service, etc.
We are continuing to work with the US-approved Olson-EcoLogic Engine Testing Laboratories, located in Fullerton, California, to gain certification for fuel economy and emission reduction for DynoValve. We use a variety of different vehicles to have more test results available.
We currently have an inventory of 3500 DynoValves ready for shipment. Our licensor also has parts available to assemble another 4000 DynoValves so that additional DynoValves could be made available for distribution. We are continuing to research product marketing firms that may be able to assist us in the marketing of our products.
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