| Volume: | |
| Day Range: | |
| Last Trade Time: |
Growth in smaller hydropower projects is more likely to occur considering;
The expectation is that large hydropower plants as a percentage of total capacity will decrease significantly by 2020,
not due to waning efficiency, but rather the increased popularity of smaller plants.
One area of growth will be the increase of pumped storage systems used in existing plant sites for electrical energy storage (EES). According to Pike Research, the EES market grew from $329 million in 2008 to $4.1 billion by 2018.
As of March 16, 2020, a Share Exchange Agreement was executed by Hydro Power Technologies, Inc. and Mountain Share Transfer, LLC. As Trustee, which provided for the Trustee to exchange 100% of the shares of Hydro Power Technologies, Inc. for shares of Playbox(US), Inc. The Company, Playbox (US), Inc., obtained One Hundred Percent (100%) control of the assets, contracts, including but not limited to intellectual property, and the ongoing management of the business of Inc. under Playbox(US), Inc.
On February 4, 2020, a Shareholder Meeting was held pursuant to a Shareholder Proxy for Special Meeting of the Shareholders which was mailed on January 13, 2020.
There were no shareholders present at the teleconference meeting. Mountain Share Transfer, LLC, the Transfer Agent and Meeting Host,
received proxy votes from 15 shareholders where the majority of the shareholders voted and approved the ratification of the following Officers and Directors:
Michael Shamber, President/Director
Calvin Lucyshyn, CFO,
Darren Timmer, Secretary, Treasurer,
Marlene Schluter, VP, Bus. Affairs, Manager, Corporate Governance,
John Versfelt, Director of the Company
https://www.hydropowertechnologies.com
