Date:
November
11, 2020
ATWEC
Technologies (OTC Pink: ATWT)
Acquires
Manufacturer in $2.6 Million Deal
Miami,
FL-- InvestorsHub
NewsWire
– November 11,
2020 – EmergingGrowth.com, a leading independent small cap
media portal with an extensive history of providing unparalleled
content for the Emerging Growth markets and companies, reports
on ATWEC
Technologies, Inc. (OTC Pink: ATWT).
-
Acquires
Manufacturer – Acquires Assembled Products,
Inc. in $2.6 million cash / equity deal
-
$1 Million
in Sales – Gross 2019 sales of Assembled
Products was approximately $1 million
-
Increased
Margins – Acquisition increases margin
/ decreases expenses by 75%;
ATWT
may not be at these levels much longer.
See the Press
Release and more on ATWEC Technologies, Inc. (OTC Pink: ATWT) at EmergingGrowth.com
https://emerginggrowth.com/?s=ATWT
ATWEC
Technologies, Inc. is a 40+ year old company in the safety /
sterilization space that could prove to be very valuable at these
levels, and they just
announced a multi-million-dollar acquisition that will save them
approximately 75% on production cost.
The acquisition
could also bring them an additional $1 million in top line sales
and increase their margins by approximately 75% as well.
(based on
2019 sales)
The company being
acquired is Assembled
Products, Inc. Assembled Products is
currently housed in a 33,000-square-foot building in Rogersville,
AL.
The company has
zero liabilities and hundreds of thousands in assets. Gross sales
in 2019 were approximately $1 million dollars.
Assembled
Products was founded in 1983 and has worked with major companies,
including Halliburton, the U.S. Air Force, FedEx
(NYSE:
FDX), and
AutoZone (NYSE:
AZO).
Assembled
Products has also designed, manufactured and marketed products,
that make life better for people around the world. Some of
their more popular brands are Mart
Cart, Jotto
Desk,
and Spray
Master Technologies.
"Bringing
the manufacturing of our transportation safety devices in-house
better enables us to respond to the growing market demand for
solutions to keep bus and vehicle passengers safe," said
Darnell Stitts,
President and CEO at ATWEC Technologies. "Acquiring Assembled
Products allows us to keep costs down and scale more quickly. Plus,
by expanding into manufacturing, we can diversify the range of our
offerings."
Following the
acquisition, all aspects of manufacturing and production will now
be controlled by the ATWEC board. ATWEC will also keep all
Assembled Products' full-time employees on staff, including Glen
Stevens who has been with Assembled Products for over 34
years.
"An
exclusive partnership between ATWEC Technologies and the resources
of Assembled Products will fast-track next-generation product
development and bring a long-overdue higher level of safety to the
transportation industry,
"said Glen
Stevens, Operations Director at Assembled Products.
This could be the
biggest play in Child and Personal Safety space in a
lonog
time.
See the full
story on
http://www.EmergingGrowth.com
ATWT
may not be at these levels much longer.
See the Press
Release and more on ATWEC Technologies, Inc. (OTC Pink: ATWT) at EmergingGrowth.com
https://emerginggrowth.com/?s=ATWT
About ATWEC
Technologies
ATWEC
Technologies, Inc. is a 40+ year old company in the safety /
sterilization space that could prove to be very valuable at these
levels, and they just announced
the launch of a new sterilization system for buses, commercial
vehicles and other public transportation.
Found in 1979,
ATWEC Technologies, Inc. is a child safety and security technology
company headquartered in Memphis TN.
With a market cap
of only $7 million according to OTC Markets, ATWEC Technologies,
Inc. has developed a unique, highly effective suite of safety
applications under the name trademark Kiddie Voice for the vast,
underserved population looking for and using safety devices related
to children and education.
Children left on
day care and school busses, is a recuring and potentially deadly
situation that occurs across our country every month. In
addition, in a COVID-19 era, viruses on busses provide an even more
dangerous environment not only for our children, but those our
children come home to. ATWEC Technologies, designs,
manufactures and sells products specifically with these issues in
mind.
ATWEC
Technologies, Inc. (OTC: ATWT)'s product suite includes the KV Child
Reminder System, the new KV-X Sterilization System, and the
Commercial Backup System.
Its newest
addition, the KV-X
Sterilization System (KVX) is a new automated,
two-stage sterilization system for school buses, daycare vans, and
other commercial vehicles that kills germs, viruses, and bacteria
in the air and on vehicle surfaces quickly, safely, and
effectively. The KVX utilizes a UVC module to disinfect the air
inside a vehicle. It does this by isolating the UVC light
behind a HEPA (high-efficacy particulate air) filter. The KVX
is programmed to operate after a vehicle is shut down and no
further movement is detected. If movement is detected, the
KVX will stop automatically and can be programmed to
re-start.
ATWEC
Technologies, Inc. (OTC: ATWT)'s current and ever expanding product line
is the KV Child Reminder System available with a choice of
RFID
technology, or key
switch deactivation. This system is designed to
encourage the transportation drivers to actively check their
vehicles for children and seniors who may not have gotten out of
the vehicle. It does this by providing a patented voice
prompt when the vehicle is shut off. The driver must then walk
to the back of the vehicle to reset the system with a mechanical
key (or RFID) within a programmed amount of time or the system will
set off an external siren and, if equipped a strobe light.
This is accomplished with a sophisticated computer system and
proprietary software that includes an anti-copy subroutine to
protect against third party thieves.
Children are left
on school and daycare busses to deal with extreme heat and severe
freezing temperatures monthly in the US. This is a solution to that
problem.
These issues can
be avoided for as little as a few hundred dollars per
bus.
Education
technology expenditure is expected to reach $341B worldwide
by 2025, evidenced by the aggressive acceleration in venture
capital invested through 2019, which reached a
record $8B.
The
Company plans to launch an aggressive sales and marketing campaign
to capitalize on this increased demand, fueled by concerned parents
and administrators.
Have
a look at ATWEC Technologies, Inc.
(OTC: ATWT). There could be some real value
here.
Shareholders and
other investors can find the disclosure related to ATWEC's
acquisition of Assembled Products and moving up to the OTCQB in the
4th
quarter
statements on the OTC Markets website.
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