News ReleaseStocks With News Making Moves (EPAZ, AITX, SYTA, RECHF)
RazorPitch EPAZ
One of the key factors that can influence the performance of a stock is the news release by the company whose stock you are interested in. News releases can provide valuable information about a company's financial performance, business operations, and future prospects, all of which can impact the direction in which a stock is headed. For investors, it is important to pay attention to company news in order to make informed decisions about buying, holding, or selling shares. Investors can better understand the risks and opportunities involved by staying up to date on recent events at the companies they are interested in. This allows an investor to make more informed decisions regarding their portfolios. Let’s take a look at four stocks that released important information this week to add to your watchlist. Epazz, Inc. (OTC: EPAZ) is a mission-critical provider of drone technology, blockchain mobile apps, and cloud-based business software solutions. On Monday, February 27, EPAZ announced that it had submitted Phase 1 SBIR proposals to the US government. According to ZenaDrone, which is a spinoff of Epazz Inc., the company will hear back from the government within 90 days. This announcement bears some impactful implications, as if ZenaDrone is in fact awarded a Phase 1 contract, which carries a value of up to $75,000 per proposal, EPAZ will be able to submit for Phase 2 contracts, with a value of up to $1.2 million per contract. The SBIR program is designed to get products into the government market. It has additional phases that open up major government contracts worth up to $15 million over the next three years. Additionally, if ZenaDrone is a part of the program, there will be opportunities to sell our drones to US allies. CEO Shaun Passley, Ph.D., said, "We are taking multiple pathways to become a government contractor of drones. It is a major opportunity for us, as Chinese drones are banned in the US government. It has opened up major demands for our drones.” EPAZ hopes to take advantage of the Chinese drone ban, as currently, the US government has a major need for non-Chinese drones. The government is pushing initiatives to obtain made-in-America drones through their BlueUAS program. ZenaDrone is currently in the process of applying for BlueUAS, and according to EPAZ, the current list is very short. ZenaDrone Inc. is a provider of a multifunctional unmanned aerial vehicle equipped with machine learning systems, multispectral sensors, and AI technology. ZenaDrone uses the data its cameras capture to create a 3D interactive environment. The ZenaDrone team will use predictive AI analytics, a type of analysis that employs methods and resources to create predictive models and make forecasts of future outcomes based on acquired data. Techniques utilized in predictive analytics include machine learning algorithms, sophisticated mathematics, statistical modeling, descriptive analytics, and data mining. By continuing to advance its AI technology, Epazz Holdings will place a priority on developing the ZenaDrone 1000 in order to expand its reach across industries globally. For investors looking for the potential of the high returns that the OTC markets offer, EPAZ offers an attractive play, with competitive technology that the company continues to improve and invest in. Artificial Intelligence Technology Solutions, Inc. (OTC: AITX) is a global leader in AI-driven security and productivity solutions for enterprise clients. AITX focuses on the delivery of artificial intelligence-based solutions that allow organizations to gain new insight, solve complex challenges, and fuel new business ideas. Through its next-generation robotic product offerings, AITX's RAD, RAD-M, and RAD-G, the company is helping organizations streamline operations, increase ROI, and strengthen their businesses. On February 27, AITX announced that their wholly owned subsidiary, Robotic Assistance Devices, Inc., has secured orders exceeding 300 units as the end of its fiscal year approaches. The company's fiscal year is set to conclude on February 28, 2023. With this impressive number of device orders received, AITX has proven its capacity to develop solutions that are both compelling and deliverable to picky customers. Demand for RAD's products is increasing, which is evidence of the company's exceptional innovation, quality, customer-centric philosophy, and expanding experience delivery. Premium customer experiences are positive for the company's capacity to grow. The stock experienced significant investor interest after the news release, and it ended the day Monday up 14.07%. Siyata Mobile Inc. (NASDAQ: SYTA) is a B2B global provider of innovative, next-generation push-to-talk over cellular technology solutions that include its devices and cellular booster systems. The SYTA selection of consumer- and enterprise-grade cellular booster systems enables first responders and office workers to amplify cellular signals in off-the-grid locations, inside weakened structural buildings, and inside vehicles for the strongest cellular signal possible. On Monday, the 27th, SYTA announced the launch of the Siyata T600 Cellular Booster for T-Mobile 5G enterprise customers. The T600 Cellular Booster is designed to enhance signal strength and improve reception for T-Mobile 5G enterprise customers. This device is intended to deliver crystal-clear voice quality and lightning-fast data speeds, ensuring that users stay connected and productive. "Our T600 Cellular Booster represents the next generation of cellular solutions for enterprise customers," said Marc Seelenfreund, CEO of Siyata Mobile. "With its advanced 5G technology, the T600 provides the ultimate solution for T-Mobile 5G enterprise customers who need enhanced signal strength and improved reception." The stock rose 9.09% on Monday following the release; keep an eye out to see if it can carry the momentum throughout the week. Recharge Resources (CSE: RR) (OTC: RECHF) is a Canadian mineral exploration company focused on exploring and developing the production of high-value battery metals to create green, renewable energy to meet the demands of the advancing electric vehicle and fuel cell vehicle markets. RECHF announced on Monday that it had signed an option agreement with Spey Resources Corp. under which Recharge Resources could acquire up to a 100% undivided interest in the Pocitos 2 Project, a 532-hectare lithium brine project located just outside of Salta, Argentina, and adjacent to the company's ongoing operations at the Pocitos salar. Previous surface sampling, trenching, and VTEM geophysics carried out in 2018 suggest the continuity of the targeted lithium brine aquifer continuing from the Pocitos 1 block through the Pocitos 2 block, with Pit 10 from trenching on the Pocitos 2 block having the highest trench sample at 181 PPM lithium, the highest lithium value found on the Pocitos salar to date. Drilling from the company's 2022 drill campaign at Pocitos 1 assayed 169 PPM, and over a two-week period, it averaged 161 PPM lithium. The 2022 well outperformed both the Recharges technical team's expectations and the measured lithium content of the 2018 discovery wells. Pocitos 2 is permitted to drill two additional wells immediately at Recharge's signal. Following the release of the news, the RECHF stock rose 6.25% at Monday's closing. Investors looking to gain from the high demand for lithium should keep Recharge Resources on their watchlist. 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Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or due to the speculative nature of the companies profiled. RazorPitch is responsible for the production and distribution of this content. 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February 28, 2023 05:00 AM Eastern Standard Time
