All the concerns about the past history of ELTZ and ELTZ management are misplaced.
The new interest here, and the new investors here are NOT buying shares of ELTZ as it has existed in the past.
What we are investing in is PCTI that is going public via this "nearly" empty shell. I don't give one tiny crap about ELTZ as it existed, nor the old management that will be replaced.
PCTI is a viable ongoing profitable concern with proven revenues and proven contracts.
Looking at the past of ELTZ and the past management under a microscope? That is all going to go away. PCTI is taking over via a reverse merger.
PCTI operates in the multi-billion dollar power electronics industry and designs and manufactures leading edge power electronic equipment for use in power conversion.
PCTI serves clients in several industries including telecommunications, military, transportation, renewable energy and aerospace.
PCTI’s clients include Fortune 500 companies and government organizations such as the US Military, US Airforce, US Navy and NASA.
The global power electronics market size in 2017 was valued at $36 Billion and is expected to reach $51 Billion by 2023 according to MarketsandMarketsTM.
PCTI is also entering the Utility Scale Energy Storage industry. PCTI is well positioned to capitalize on the industry’s explosive growth by leveraging its expertise and market reputation.
The Utility Scale Energy Storage industry is expected to grow tenfold by 2024 to reach $74 Billion according to Wood McKenzie Power & Renewable.
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