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Thursday, May 16, 2024 7:13:31 PM
on May 7, 2024, the Company announced its
successful acquisition of 51% of Power Engineering Corporation (PEC) from Imperial
Holdings, Inc. PEC is a subsidiary valued at over $24 million and will be consolidated
into the JP3E 2nd quarter financials for 2024. PEC has already secured substantial
contracts for 2023, 2024, and 2025, bolstering its project pipeline. PEC has exclusive
partnerships with industry leaders such as A.W. Chesterton, 3X Engineering, and Korea
Gas Technology Corporation (KOGAS-Tech).
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