Premier Products Group Inc (PMPG)

[ME93]

Is it possible that the LOI with Ennis-Flint was held up until PPG acquisition of E-F was completed and announced?



Neither E-F, nor its parent $13.7b company, PPG Industries, seem to have smart road products (ability to sense and transmit data) that can support self-driving cars. Check their product portfolios. Yet, in it’s PR announcing launch of its Traffic Solutions Business after acquiring E-F, PPG stated “The newly-formed business unit will also partner with PPG’s mobility team to identify opportunities to supply innovative coatings to help support infrastructure needs that enable autonomous driving and enhance future autonomous, connected, electric and shared vehicle solutions.”


It seems probable that PMPG/SRT, w/its patents and prototypes, and through its LOI w/E-F, can enable PPG not only to pursue this goal, but also to gain near monopoly in this arena.


PMPG expected finalization of the LOI in a few weeks. It’s been 3 weeks since. This Friday at 8AM is PPG’s 4th Q Earnings call. Is it possible that finalization of LOI may be announced this Friday???