Bravatek forms JV with DarkPulse Technologies, Inc. to meet Monitoring Needs for Massive Critical Infrastructure and Key Resources Market
Bravatek completes JV with DarkPulse to drive sales in the Majority of the 18 Critical Infrastructure and Key Resources sectors…
Bravatek completes JV with DarkPulse to drive sales in the Majority of the 18 Critical Infrastructure and Key Resources sectors in the US and Beyond.
December 29, 2017 – AUSTIN, Texas – Bravatek Solutions, Inc. (OTCPink: BVTK, “Bravatek” or the “Company”) announces that it executed its highly anticipated Joint Venture (“JV”) announced today with DarkPulse Technologies, Inc. (“DPT”). The Company released an 8-K on this subject a few days ago. In addition, the Company announces that it has started invoicing this month against the $21.4 M PO it received recently and reported in an 8-K and press release.
Mr. Dennis O’Leary, DPT’s Chairman and CEO commented: “We are very excited to consummate this JV with Bravatek. We were so impressed with their knowledge of the markets—but are truly amazed regarding all the other resources they have brought to bear. In a short time—they have assisted us with technical resources and opened up sales channels due to Tom [Cellucci]’s laser physics background, as well as an authority on public-private partnerships for Critical Infrastructure/Key Resources (CI/KR). Together we are significantly stronger to address the multitude of security and health-monitoring needs in the majority of the US’ 18 CI/ KR markets–allowing placement of our patented technology in a multitude of existing and new applications. Dr. Thomas A. Cellucci, Chairman and CEO of BVTK commented: “We have been laser-focussed on assisting Dennis [O’Leary] and his team on building a powerhouse of capabilities to meet CI/KR application demand. We have had early success and we believe continued success in providing much need protection to the critical infrastructure –supported by virtually all US politicians, as well as citizenry.”
About Bravatek Solutions, Inc. Bravatek Solutions, Inc. is a high technology security solutions portfolio provider that assists corporate entities, governments and individuals protect their organizations against both physical and cyber-attacks through its offering of the most technically-advanced, cost-effective and reliable software, tools and systems. For more information, visit www.bravatek.com
Safe Harbor Statement This press release contains certain “forward-looking statements,” as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management’s current expectations. The economic, competitive, governmental, technological and other factors identified in the Company’s previous filings with the Securities and Exchange Commission may cause actual results or events to differ materially from those described in the forward looking statements in this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Media contact: Bravatek Solutions, Inc. media@bravatek.com 1.866.490.8590
here is the purchase order that was referenced to in my last post.
EX-99.1 2 bvtk_ex991.htm PURCHASE ORDER EXHIBIT 99.1
Effective date: 10 October 2017
Project: Iron Ore Mining Facilities
Owner: Undisclosed - NDA
Purchase Order to Bravatek Solutions, Inc.: BVTK-PO-001-1017A
Purchase Order not to exceed $21,500,000
Dr. Thomas A. Cellucci:
This Purchase ORDER (“PURCHASE ORDER”) is issued by DarkPulse technology Holdings, Inc. (“DPT”) for Services provided by Bravatek Solutions, Inc. (“BVTK”) under the Marketing Alliance Program (“MAP”) Agreement whereby both BVTK and DPT (“Parties”) having mutually agreed to enter into a strategic alliance dated 6 September 2017. BVTK will receive 20% commission for the project, estimated to be $21.4M on a total project value of $107M.
Project
DPT will provide the installation of their patented BOTDA system into Owner’s facilities to monitor the structural health of Owner’s Critical Infrastructure/Key Resources (“CI/KR”). The first deployments will include: Oil&Gas pipeline, foundation and structure of pumping station, hydro power facility including dam structure, pressurized water pipe of pumping station and return line, and pressurized water pipe of a pumping station of circulating water supply (underground portion).
Invoicing
BVTK will invoice monthly for payment on completed projects. BVTK will submit the invoice with DPT within the first week of each month for milestones completed the previous month. DPT shall review with BVTK and approve each invoiced amount.
Completion
For purposes of this section “completed site” means those sites for which DarkPulse has installed its BOTDA sensor technology and upon DarkPulse’s completion of a final system analysis with Owner’s engineers, whereby Owner has signed a work order completion document.
Payment
For those completed projects, DPT will pay undisputed amounts within NET 30 days after each client payment on delivered products received at DARKPULSE’s bank account.
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