Sun Pacific Holding Corp (SNPW)

[drugmanrx]

Try reading the PR ,Please point out any where it states SNPW will own the facility.

Another misstatement as per companies recent Tweet they will own the facility and other are there to help

But it does say it will build IST's cell manufacturing not SNPW cell manufacturing..

:Sun Pacific Power Corp (“SPP”) and PT. IDN SOLAR TECH. (“IST”) have an agreement for the development of a 1GW per year solar manufacturing plant in the USA utilizing revolutionary technology currently being used by “IST”."

Michael Ho, CEO of PT. IDN SOLAR TECH. stated, “We are looking forward to assist and work on the expansion between Sun Pacific Power and IST. The collaboration with Sun Pacific Power will help increase sales in our cell manufacturing and the growth for both of our companies. The deployment of this advanced technology will enable “SPP” to move forward to meet the demand for both green power and sustainable development.”

The PR points more to this

As I stated before, it is my opinion the manufacture facility will not cost SNPW anything, it will be a IST facility selling IST solar panels with IST licensing the SNPW name to sell them as SNPW brand products .

then

Tweet they will own the facility and other are there to help

SNPW may be a co owner as part of the licensing agreement but it will be an IST facility selling IST solar cells. And sometime down the road they add SNPW non glass solar panels to the pipeline, but initially this will be IST products sold under the SNPW name.