Bimergen Energy Corp (BESS)

[Renee]

BTTCD changed to BESS:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

[trade4]

Bimergen Energy: Key Highlights and Strategic Insights to Maximize Shareholder Value





Dear valued shareholders,

We are pleased to present a corporate summary following our recent name change. We firmly believe that the Company is poised for significant growth in 2025, driven by several key achievements that will be announced shortly.

Here are the key highlights of our organization:

* Bitech Technologies has rebranded itself as Bimergen Energy to eliminate some confusion from our investors regarding associations with Bitcoin, cryptocurrency, or the similar crypto symbol BTTC (BitTorrent) within the turbulent crypto market.

* While still trading under the temporary ticker symbol BTTCD, Bimergen Energy will soon change its ticker symbol to “BESS,” aligning it with its primary business model in Battery Energy Storage Systems (BESS).

* The company benefits significantly from the Investment Tax Credit (ITC), which can cover up to 50% of total capital expenditures for any projects in its pipeline.

* With the ITC, Bimergen is positioned to monetize this tax credit upon commencing any production at our battery energy storage plants, resulting in robust cash flow that enhances return on investment for project financiers and provides additional capital for pursuing new projects.

* The BESS business model remains unaffected by tariff war since the price differential between power purchasing at a lower rate during consumer off-peak hours and selling at a higher rate during consumer peak hours remains stable on a daily basis.

* This sector offers substantial profit potential with reliable and stable income generation once our projects are operational, leveraging advancements in lithium-ion battery technology where the each project operation can last a minimum average of 15 years - the average life span of a typical BESS.

* The BESS segment, crucial for modernizing the aging U.S. national grid—where approximately 75% of the grid infrastructure is over 25 years old—has emerged as the most rapidly expanding area within the renewable energy landscape. In the past year alone, the global BESS market surged by 53%, and this upward trend is expected to persist in subsequent years.

* Following a recent reverse stock split aimed at complying with share price requirements for either NASDAQ or NYSE, Bimergen has transitioned itself out of penny stock status. This move is likely to attract more institutional investors who typically show interest in stocks with higher price points when considering their investment strategies. The company has demonstrably acted wisely by initiating and completing this name change and reverse split process well ahead to be more readily for the uplist without delay once the SEC approves its prospectus filing for IPO.

* The management team at Bimergen possesses extensive expertise in the renewable energy sector, backed by deep rooted local power authority relationships, with a particular focus on the dynamic BESS market currently experiencing rapid growth.

* Key takeaways from Bimergen Energy underscore a robust sector marked by swift growth, as BESS is still a nascent industry in the US with substantial opportunities for expansion. This is particularly evident with the explosive rise of AI data centers, which are driving energy consumption to unprecedented levels today.
Our sustainable revenue model has been validated by historical data of this burgeoning industry, promising substantial returns on investment to our shareholders and project financiers. Our board possesses considerable experience, and there is currently a limited number of outstanding shares. Importantly, we want to stress that most future capital funding following the uplisting will concentrate on project financings for our significant BESS portfolio rather than equity financing to the company. This suggests that shareholders can expect minimal to no stock dilution in the post-uplist period. Currently, management team is very happy with project financing activities which are central to our key business accomplishments.

Please conduct your own due diligence and review Bimergen’s latest S-1/A filing to gain a comprehensive understanding of our core business and corporate growth direction.

Wishing you greater health and continued success in 2025.

Sincerely,

Benjamin Tran, CEO

About Bimergen Energy Corporation
Bimergen Energy Corporation (OTCQB: BTTCD), is an independent power provider with a core business in developing and operating Battery Energy Storage Systems (BESS) to enhance grid stability and produce consistent revenues. We also offer technological innovations with smart energy solutions including microgrids, advanced Energy Management System (EMS) for homes, buildings, campuses, cities, and renewable infrastructure. For more information, please visit www.bimergen.com


Cautionary Note Regarding Forward-Look

This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filing with the Securities and Exchange Commissin (“SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s filings with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.



Company Contact:

Bimergen Energy Corporation
Investor Relations
Tel: [phone]
Email: [e-mail]

[Renee]

BTTC: effective Feb. 3,2025 Bitech Technologies Corp will change to Bimergen Energy Corp and a one for 140 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

[BurgerKing82]

Looks interesting here

[Amigo Mike]

Well this explains the pumping .....

>>>>>
Item 8.01 Other Events.

On August 6, 2024, the Registrant entered into an investor relations consulting agreement with MZHCI, LLC (“MZ”). The Registrant agreed to pay MZHCI a monthly cash fee of $7,000 pre-uplist and $10,000 post uplist to a major U.S. exchange, such as NASDAQ or the New York Stock Exchange. The initial term of the consulting agreement is six months. The Registrant also agreed to issue MZHCI an option to purchase 3,000,000 shares of the Registrant’s common stock. The Options will vest as follows: 1,000,000 options vested October 10, 2024, the date of grant, 1,000,000 Options will vest on August 6, 2025 and 1,000,000 Options will vest on February 6, 2026. Any unvested options will forfeit upon termination of the agreement. The exercise price of the Options will be $0.08 USD per share. The Options will expire five (5) years from the issuance date. If the consulting agreement is terminated, the Options will expire two (2) years from termination of the Agreement. Any underlying shares from the exercise of Options will not be publicly sold before August 1, 2025.
<<<<<

Prep for reverse split and more dilution. Situations like this most of the time ... if it happens ..... results in a nice buzzcut for existing investors at RS/Raise. And usually involves bottom of the barrel IB.

Amigo Mike

[MahinAgency]

STAY turned BTTC💃

[MahinAgency]

$BTTC Bitech Technologies is rapidly expanding its energy storage presence with 11 BESS projects totaling 840 MW in Texas’s fast-growing ERCOT market.

[MahinAgency]

$BTTC Growing Demand: The U.S. is projected to see a 9% increase in electricity demand by 2028, with Texas as a primary focus due to its booming economy and energy needs driven by data centers and cryptocurrency mining

[williams45]

$BTTC stock surging—position yourself for high tech gains!

https://bitech.tech/knowledge-hub/320241007/bitech-technologies-boasts-11-bess-projects-totaling-840-mw-in-the-ercot-market-for-accelerated-growth

[jackmusk]

Exciting news! Bitech Technologies is launching a blog series on "Electricity Interconnection," exploring the future of energy connectivity.

Know more: http://tiny.cc/7rjpzz

[Amigo Mike]

LOL,

The pump is getting more obvious .... LOL
Funny all those things mentioned don't mean much without a whole lotta money to make them happen.

Amigo Mike

[MahinAgency]

Bitech aims to scale BESS capacity from 1.965 GW to 5 GW in the next 3-5 years, with major projects set to begin in 2025?

[MahinAgency]

$BTTC The 50% investment tax credit from the Inflation Reduction Act could lead to an $80 million cash inflow upon project completion.

Bitech aims to scale BESS capacity from 1.965 GW to 5 GW in the next 3-5 years, with major projects set to begin in 2025?

[williams45]

Join the $BTTC movement! Bitech Technologies Corporation is poised for growth in the tech sector—secure your stake in this promising company!

https://bitech.tech/knowledge-hub/320241007/bitech-technologies-boasts-11-bess-projects-totaling-840-mw-in-the-ercot-market-for-accelerated-growth

[MahinAgency]

$BTTC The 50% investment tax credit from the Inflation Reduction Act could lead to an $80 million cash inflow upon project completion

[jackmusk]

$BTTC is at the forefront of technological innovation, which adds to its value proposition. As technology advances and adoption increases, $BTTC is well-positioned to capitalize on these trends.

https://bitech.tech/knowledge-hub/320241007/bitech-technologies-boasts-11-bess-projects-totaling-840-mw-in-the-ercot-market-for-accelerated-growth

[williams45]

840 MW Total BESS Projects in ERCOT: Bitech Technologies($BTTC) is Tackling Rising Electricity Costs and Modernizing Texas Grids for Big Future Demands


https://bitech.tech/knowledge-hub/320241007/bitech-technologies-boasts-11-bess-projects-totaling-840-mw-in-the-ercot-market-for-accelerated-growth

[AveragePenny]

$BTTC - "🔆 Exciting time at Bitech Technologies! We're on the brink of a major inflection point in our Battery Energy Storage Systems (BESS) business. 📷🔋

At the heart of our evolution is the Golden Phoenix—a symbol that represents our relentless quest for renewal with innovation and sustainability. 🦅📷✨

This emblematic spirit drives us to overcome challenges and soar to new heights in the energy sector. Our commitment to excellence is unwavering!

As we expand our BESS offerings, we're not just focusing on growth; we're prioritizing sustainable solutions that positively impact communities and the planet. "

$BTTC - 🔆 Exciting time at Bitech Technologies! We're on the brink of a major inflection point in our Battery Energy Storage Systems (BESS) business. ⚡️🔋
At the heart of our evolution is the Golden Phoenix—a symbol that represents our relentless quest for renewal with… pic.twitter.com/jnAx6xkPyB

— Bimergen Energy $BESS (@Bitech_Tech) October 8, 2024

[Amigo Mike]

New pump starting here ?

There are no projects without funding.
And reverse split on tap if company expects to uplist what with the at least 700 million shares out. It is probably more than that by now. And then more dilution with uplist to raise money to fund projects.

Amigo Mike

[MahinAgency]

OTCMKTS: BTTC  Bitech has 1.965 GW of BESS and 1.4 GW of solar projects, with plans to generate $7.275 million from recent solar project sales?

$BTTC The 50% investment tax credit from the Inflation Reduction Act could lead to an $80 million cash inflow upon project completion.

Bitech aims to scale BESS capacity from 1.965 GW to 5 GW in the next 3-5 years, with major projects set to begin in 2025?

[MahinAgency]

Big wave coming stay turned 

[williams45]

Bitech Technologies($BTTC) poised for growth—smart investors are taking notice!
https://bitech.tech/knowledge-hub/320240917/from-humble-beginnings-to-powering-the-future:-a-corporate-growth-story-in-the-energy-storage-sector

[MahinAgency]

OTCMKTS: BTTC  Bitech has 1.965 GW of BESS and 1.4 GW of solar projects, with plans to generate $7.275 million from solar project sales?

[williams45]

EXCLUSIVE: Bitech Technologies($BTTC) CEO Benjamin Tran: 'We Need Renewable Energy Solutions In Smart Cities' (CORRECTED)


https://www.benzinga.com/top-stories/24/07/39860905/exclusive-bitech-technologies-ceo-benjamin-tran-we-need-renewable-energy-solutions-in-smart-cities

[jackmusk]

$BTTC is currently trading at an attractive price, presenting a great opportunity for investors to enter before it makes a significant upward move.

$BTTC 🌟 From humble beginnings aiming to become a powerhouse in the energy storage sector, Bitech Technologies has truly crafted an inspiring growth story. Let's take a look at our journey and impact! Read our story below:https://t.co/VyBQUayx4F

📈As we look ahead, Bitech… pic.twitter.com/PT6AnvpVrI

— Bimergen Energy $BESS (@Bitech_Tech) October 7, 2024

[williams45]

Bitech Technologies($BTTC): The Electrifying Journey of the Energy Storage Empire in the Making



https://bitech.tech/knowledge-hub/320240917/from-humble-beginnings-to-powering-the-future:-a-corporate-growth-story-in-the-energy-storage-sector

[AveragePenny]

$BTTC - "$🌟 From humble beginnings aiming to become a powerhouse in the energy storage sector, Bitech Technologies has truly crafted an inspiring growth story. Let's take a look at our journey and impact! Read our story below: https://bitech.tech/knowledge-hub/320240917/from-humble-beginnings-to-powering-the-future:-a-corporate-growth-story-in-the-energy-storage-sector…

📷As we look ahead, Bitech Technologies is poised for even more growth—continuing to lead the charge towards a sustainable future powered by innovative energy solutions! The best is yet to come! 📷📷#FutureOfEnergy#BitechTechnologies #EnergyStorage #GlobalImpact #EnergyIndependence #Innovation #Sustainability #BatteryTech #CleanEnergy "

$BTTC 🌟 From humble beginnings aiming to become a powerhouse in the energy storage sector, Bitech Technologies has truly crafted an inspiring growth story. Let's take a look at our journey and impact! Read our story below:https://t.co/VyBQUayx4F

📈As we look ahead, Bitech… pic.twitter.com/PT6AnvpVrI

— Bimergen Energy $BESS (@Bitech_Tech) October 7, 2024

[AveragePenny]

$BTTC Bitech Technologies Signs Term Sheet of $80 Million Investment Tax Credit for Its Flagship BESS Project


https://www.globenewswire.com/en/news-release/2024/09/05/2941246/0/en/Bitech-Technologies-Signs-Term-Sheet-of-80-Million-Investment-Tax-Credit-for-Its-Flagship-BESS-Project.html

Advances 100MW Capacity Battery Energy Storage System Project Toward Commercialization in Q2 2025

Newport Beach, CA, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Bitech Technologies Corporation (OTCQB: BTTC), (the “Company” or “Bitech”), an independent power provider developing utility-scale battery energy storage initiatives and innovative renewable solutions, today announced that its operating subsidiary Emergen Energy, LLC has signed a non-binding term sheet for a tax credit transfer agreement with a leading renewable energy investment firm for Project Redbird, Bitech’s flagship 100 Megawatt (MW) capacity Battery Energy Storage System (“BESS”) project in Fort Bend County, Texas.

The investment firm offers innovative tax credit equity investments for affordable housing, historic rehabilitations, renewable energy, film, and other qualified projects, and has long-term relationships with institutional and individual investors, developers, and lenders participating in these federal and state programs.

Under the term sheet, the investment firm will attempt to arrange for the transfer of up to $80 million of federal investment tax credits (ITCs) derived from Project Redbird from Bitech to one or more purchasers pursuant to Internal Revenue Code Section 6418. Project Redbird is anticipated to generate approximately $78 million of investment tax credits by the third quarter of 2025 based on a 50% investment tax credit as the result of the Inflation Reduction Act of 2022 (IRA). The transfer will be subject to one or more definitive transfer agreements with a prospective buyer or buyers.

“A tax credit transfer agreement would be an important milestone as we advance our flagship BESS project toward monetization,” said Benjamin Tran, Chairman and CEO of Bitech Technologies. “We are pleased to partner with a leading firm that has a stellar track record in renewable energy investments. In tandem with project equity investment or debt financing, we believe the tax credit transfer agreement will enable an initial Commercial Operation Date in the second quarter of 2025.”

Bitech expects to complete financing for its first two 100MW BESS projects in Texas in the second half of 2024 while expanding revenue opportunities with the U.S. Department of Energy. In early 2025, the Company expects to commence construction for its first two projects, finance a third project, and pursue strategic, joint venture opportunities. We believe that executing these near-term milestones will support Bitech’s future growth plans including the expansion of its BESS business from 1.96GW to 5GW over the next three to five years.

[AveragePenny]

Bitech Technologies (OTCQB: $BTTC ) Revolutionizes Grid Stability with Advanced Energy Storage and Smart Energy Solutions

https://thestreetreports.com/bitech-technologies-otcqb-bttc-revolutionizes-grid-stability-with-advanced-energy-storage-and-smart-energy-solutions/

Bitech Technologies Corporation (OTCQB: BTTC) is a leading independent power provider and renewable technology enabler, specializing in Battery Energy Storage Systems (BESS) to enhance grid stability and generate consistent, sustainable revenues. The company also offers advanced smart energy solutions such as microgrids, Energy Management Systems (EMS), and energy-efficient infrastructure for homes, buildings, campuses, and cities.

Expert Team and Industry Impact

Bitech’s diverse and experienced team excels in cleantech and renewable energy, with extensive expertise in solar and storage project development, financing, and EMS integration. Strong partnerships with regulatory bodies and utility operators nationwide ensure access to essential financing and tax credits, propelling the success of our utility-scale projects.

Strategic Portfolio, Financial Projections, and Market Focus

Bitech’s portfolio includes 1.965 GW of BESS projects and 1.4 GW of solar projects. A recent solar project sale, expected to generate $19.4 million, allows us to focus on expanding our BESS business. These systems store excess energy and release it during demand peaks, stabilizing the grid and ensuring reliable revenue. Our flagship 100 MW BESS project, set to be operational by mid-2025, is projected to have an NPV of $325 million. With the growing need for grid stability due to aging infrastructure and rising energy demand, Bitech is poised for significant growth as the U.S. BESS market rapidly expands.

Technological Innovation and Future Growth

Bitech leads the clean energy revolution by developing scalable solutions for smart grids, intelligent energy storage, and AI-powered data centers. Our recent patent application and strategic partnerships are designed to integrate next-generation energy storage into major U.S. energy grids. Bitech’s strong financial performance, including a 435% increase in cash reserves and a 9,656% surge in total assets, highlights our growth trajectory. With keen interest from investors and tax equity partners, we are on track to install up to 260 MW of BESS by 2025 and expand our portfolio to 5 GW in the coming years.

Here are four standout undervalued companies under $1, demonstrating strong market trends, volume, and heightened awareness:

Sify Technologies Ltd. (NASDAQ: SIFY)

LogicMark Inc. (NASDAQ: LGMK)

Focus Universal Inc. (NASDAQ: FCUV)

1606 Corp. (OTC: CBDW)

These companies are currently showing strong market trends, increased trading volumes, and growing investor awareness, making them compelling opportunities for value-focused investors.

[trade4]

Bitech Technologies Completes a 2.425 GW Solar Project Sale with Expected $19.4 Million Revenues; https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240606:nPn1yphNva&default-theme=true

[trade4]

Bitech Technologies and Bridgelink Merge to Conquer U.S. Battery Energy Storage and Solar Markets, Prepare to Uplist on NASDAQ; https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240424:nPn81yvgra&default-theme=true

[Amigo Mike]

Amazes me this fleabag is above a penny still. 488 million shares. This company has no business having $40+ mil market value.

This new deal adds 222 million shares plus 100 million in options to mgmt ..... for what exactly? PLUS .... still have to raise money.

When is the RS for Nasdaq uplisting ... LOL ??

Amigo Mike

[trade4]

Bitech Technologies Executes Definitive Agreement with Bridgelink for a Business Combination to Acquire Battery Energy Storage Systems and Solar Projects with estimated capacity of up to 5.8 GW; https://www.globenewswire.com/news-release/2024/04/15/2862660/0/en/Bitech-Technologies-Executes-Definitive-Agreement-with-Bridgelink-for-a-Business-Combination-to-Acquire-Battery-Energy-Storage-Systems-and-Solar-Projects-with-estimated-capacity-of.html

[$on_myMind]

news out now " We, Bitech and Bridgelink, together, plan to continue to progress development of the projects by utilizing a Share Subscription Agreement we are finalizing for up to $250 Million , committed Letter of Intent for one of our late-stage BESS projects near Houston, TX for up to $100 Million , as well as securing the sale of the Incentive Tax Credits (ITC)."

[Soco54]

Yea SPIN had some potential as a shell but they obviously sold the shell to a scam. It would have been far better off here to sell this shell to a company that had some revenues. Instead they went to a company that had a product that didn’t even work lol. I guess when some people are old maybe they just don’t give a hoot anymore. Bitech smells like a stinky pinky

[Amigo Mike]

BTTC looking like another great decision by Dr D on behalf of SPIN investors.

So far .... Bitech is a zero.

Speaking of which still holding at a nickel for price just seems ridiculous. Roughly a $25 million valuation. I still don't see it. Should be below a penny by now as cash should be gone and no news on money coming in or business generated. Looking like vaportech.

Amigo Mike

[Amigo Mike]

LOL,

Wasn't really commenting on YOU .... my comment was directed at the video and the LOI.
They are worthless as is the company presently as it does nothing.

Let us know when there is something definitive.

BTW.... how's the private "SPIN" board doing ? =) Still all unicorns and rainbows in SPINland ?

Amigo Mike

[trade4]

Whether what I report holds value "in your book", I could care less. The video for some reason has garnered 20,000 views.

[Amigo Mike]

How many companies produce a You Tube Video that sez the same thing as the PR ?

And where did you get the link from ...... as link is not in the PR ?

So someone distributed via other channels.

Basically holds no value in my book until/unless something definitive comes of it.

Amigo Mike

[trade4]

That youtube video about the company's recent PR, now has 20,000 views...

[Amigo Mike]

Soco,

I wasn't gonna say that cause I haven't spent any time digging into the LOI company.

Vietnam or course ..... just guessing .... prolly not easy to find info .... but like I said ... haven't looked.

Amigo Mike

[Soco54]

Reads like another scam imo

[Amigo Mike]

This is an LOI .... means nothing presently.

Hell, I could point them to a builder of green data centers that already has roughly 75MW in built data centers powered by curtailed wind energy. They have another 50MW to build at existing location that already has regulatory approval.

What's the current share count on this flee bag ..... it was 500+ million (and is still over valued) but some I think were recovered.

Amigo Mike

[iwanooze]

BTTC News 300Mill$ LOI Huge News bc Mcap is 11Mill$

[trade4]

[trade4]

Bitech Technologies Receives Letter of Intent for up to $300 Million to Invest in Solar and Battery Energy Storage System Projects; https://www.globenewswire.com/news-release/2023/05/08/2663187/0/en/Bitech-Technologies-Receives-Letter-of-Intent-for-up-to-300-Million-to-Invest-in-Solar-and-Battery-Energy-Storage-System-Projects.html

[Soco54]

A lot of accumulation at this level. This maybe warming up for news

[trade4]

Partial settlement of pending litigation, cancellation of 51,507,749 common shares, reduced dilution to shareholders, 8-k filing...

In the pending federal court litigation, BTTC announces (see 8-k just filed) settlement with Calvin Cao and SuperGreen, two (2) of the defendants in the recent filing in federal court, resulting in cancellation of said defendants' 51,507,749 shares of the company's stock being returned to BTTC's treasury, and effectively removing significant dilution of the current shareholders. Litigation continues against the remaining defendants, Michael Cao, B&B Investment Holding, LLC, and Linh Dao. Awaiting further developments as respects the remaining defendants (pending claims against them include embezzlement of company funds, IP conflict of interest, breach of fiduciary duties, and conspiracy with the other defendants who just settled).

Effective February 20, 2023, Bitech Technologies Corporation together with its wholly owned subsidiary Bitech Mining Corporation (collectively, the “Company”) entered into a Confidential Settlement, Mutual Release, and Share Transfer Agreement (the “C. Cao Settlement Agreement”) with Calvin Cao (“C. Cao”) and SuperGreen Energy Corporation (“SuperGreen,” together with C. Cao, the “C. Cao Parties”). The C. Cao Settlement Agreement settles as to the C. Cao Parties, the Company’s lawsuit as disclosed in its Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on February 3, 2023 (the “Cao Lawsuit”). Pursuant to the C. Cao Settlement Agreement, the C. Cao Parties terminated the Patent & Technology Exclusive and Non-Exclusive License Agreement between Bitech Mining Corporation and SuperGreen dated January 15, 2021 as amended on January 15, 2021 and on March 26, 2022 (the “License Agreement”) and SuperGreen canceled 51,507,749 shares of the Company’s common stock, par value $0.001 per share issued by the Company to SuperGreen pursuant to the License Agreement. In addition, the parties to the Settlement Agreement agreed to a mutual general release of liabilities against each other, refrain from making any disparaging remarks about each other and the Company’s filing a dismissal with prejudice of the Cao Lawsuit as to the C. Cao Parties. The Settlement Agreement also contains additional covenants, representations and warranties that are customary of litigation settlement agreements. The Company intends to continue to pursue the Cao Lawsuit as to the remaining defendants in that case, namely Michael Cao, B&B Investment Holding, LLC and Linh Dao.

Link: https://www.sec.gov/ix?doc=/Archives/edgar/data/0001066764/000149315223006013/form8-k.htm

[trade4]

Brilon also the CFO of Iveda (IVDA)

[trade4]

BTTC director/CFO acquires 5,000,000 shares in SEC filing

https://www.sec.gov/Archives/edgar/data/1066764/000149315223005153/xslF345X03/ownership.xml