Shares of Triad Pro Innovators (OTCMKTS:TPII) have been under pressure over the past week with a fall of 14%.
Market Reaction
On Wednesday, TPII stock ended lower by 0.20% to $0.0249 with more than 224k shares, compared to its average volume of 1.08 million shares. The stock has moved within a range of $0.0222 – 0.0250 after opening trade at $0.0239.
EEL Diesel Hybrid Genset Impresses Major Canadian Oil, Mining, and Construction Companies
Triad Pro Innovators (OTCMKTS:TPII) first Canadian tour of its EEL Diesel Hybrid Genset has concluded on a successful note. The recently introduced product quickly caught the eye of major Canadian oil, mining, and construction companies. A huge benefit was its eCell’s ability to continue performing in extreme cold temperatures – up to -49°C.
The tour has led to enormous demand, so the company has engaged Frontier Power Products to build an additional eight prototype units. The units are to be delivered for infield trials by customers who wish to place orders, after third-party validation and certification of the EEL Diesel Hybrid Genset. It perfectly meets the requirements of remote communities and commercial operators in the harsh winter climate of Northern Canada.
Company CEO Murray Goldenberg states that though hybrid diesel gensets have fuel-saving benefits, lithium and other conventional battery technologies are limited by the rate at which they can charge, and the temperatures in which they can operate (crucial for Canadian customers). The eCell deals with both these issues by getting charged at any rate and operating in extreme temperatures. Moreover, the Triad Pro eCell technology has a lifespan of 30,000+ recharges, and offers up to 80% in diesel fuel consumption. Thus, operational and maintenance costs come down greatly.
Traders Review
TPII stock is trading below the 20-Day and 50-Day Moving averages of $0.0263 and $0.0302 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0543. The stock is down 17% over the past month.
