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Company Announces LOI for Clean Energy Company


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%CleanEnergy is in demand and this company is focused on delivering quality e-mobility and microgrid infrastructure solutions to the global market.

Capital pool company %SmitheResources (TSX-V: $SMTH.P) announced that it has entered into a letter of intent in early August with Indie Power Storage Corp. and IPS Systems Inc., a wholly owned Nevada subsidiary of Indie Power Storage Corp, in respect of a proposed business combination, per the company’s press release.

Based in Houston, Texas, Indie Power Storage is a %CleanEnergy company currently engaged in the initial key product development of its planned %EVCharging solutions. Following the commercialization of EV charging solutions, IPS intends to continue investment in the commercialization of the energy management system and related patents noted above.