Aradatum and CGE Energy Inc. (OTCMKTS:CGEI) have announced the completion of the manufacturing of a 1/16th scale working demonstration unit of their self-powered macro cell tower, on March 28, 2022. It will be the first to travel domestically and internationally to display Aradatum’s revolutionary self-powered cell tower technology.
Market Reaction
On Monday, CGEI stock ended flat at $0.75 with more than 114 shares, compared to its average volume of 4.7K shares. The stock moved within a range of $0.7500 – 0.7500 after opening trade at $0.75.
Roush of Livonia, Michigan, was behind turn-key product development from engineering, material procurement, machining and additive manufacturing, to app development, final assembly and painting. It is the first of demonstrators being built by Roush, with the other three being assembled in the coming months. Bryan Zaplitny, President/CEO of CGE Energy and CEO/Chairman of Aradatum, proudly announced the completion of the first demonstration unit is on schedule.
The tower demonstrator is a significant step towards bringing to market, telecommunications tower infrastructure that solves the geographic, power, and resiliency issues that restrict where towers can go.
CGE Energy and Aradatum can now visually demonstrate at tradeshows and at sales presentations, the pioneering installation process of the nearly 12-foot tall tower demonstration unit that doesn’t need cranes and vertical axis blades that hydraulically open and close. It is designed to simulate the turbine spinning at various RPM speeds and runs on a custom application that controls all functions.
Key Quote
“We are pleased to announce that Roush completed the assembly of the first demonstration unit on schedule,” said Bryan Zaplitny, President/CEO of CGE Energy and CEO/Chairman of Aradatum, “It has been great to work so collaboratively with Roush where we gathered first-hand evidence of how their manufacturing approach will be scaled up to the commercial manufacturing of our full-scale towers.”
Traders Review
CGEI stock is trading above the 10-Day and 20-Day Moving averages of $0.74 and $0.72 respectively. However, the stock is trading below the 200-Day moving average of $0.81.
