Nice find longvper. $20-$30 LOI too! It's still one of those LOI's but we should see a nice run from this one if anyone is still around. Here's the text:
"Viper Networks, an intelligent LED lighting solutions provider, is pleased to announce that in partnership with Apollo Metro Solutions, Inc., the Company has concluded its preliminary pilot in the city of Doha, Qatar. There is a secondary pilot already approved and set for shipment in four weeks. The first government sanctioned test pilot has successfully demonstrated Apollo’s lighting capability to efficiently replace the traditional system. Subsequently there will be a second pilot to further test and establish an effective design for the State of Qatar, which is expected upon completion, to yield lucrative government contracts. Farid Shouekani, Chief Executive Officer of Viper Networks, stated: “We are very pleased to be entering this region.
Following the level of success we have obtained in Sri Lanka, we continue striving to expand our reach and demonstrate the viability of our lighting solutions into new and advantageous territories.” Viper Networks recently received a Letter of Intent for a transaction representing US$ 20 toUS$30 million in Apollo’s revolutionary LED street lighting solutions. The Company intends to install this line of equipment to serve the national highway system across Sri Lanka. About Apollo Metro Solutions, Inc.: Apollo Metro is an innovative U.S.-based company designing and manufacturing highly advanced, eco-friendly, and cost-saving light emitting diode (LED) lighting systems and intelligent control systems to municipalities and commercial businesses around the world. Apollo Metro sets itself apart by incorporating intelligent technologies into their design.
The Apollo Intelligent LED product line includes LED Luminaires with built-in Camera, Sensors and Gigabit WiFi. About Viper Networks, Inc.: Viper Networks, Inc. (in partnership with Apollo Metro) is a manufacturer and distributor of highly-efficient LED lighting to provide superior turnkey LED lighting solutions for metropolitan areas (streets and highways), parking lots and warehousing facilities anywhere. By combining LED Lighting, Wireless MESH, Sensors, Infrared and Video into a single design; Apollo Metro Solutions’ propriety line of wireless products can be applied to existing infrastructure through streamlined system integration for a full selection of intelligent LED lighting solutions worldwide. "
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