Thugmuffin
2 years ago
$PRPI Perpetual Industries Reports Outstanding 2021 Annual Financial ResultsPress Release | 04/08/2022
AUBURN, Ind., April 08, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- Perpetual Industries Inc. (OTCMARKETS:PRPI) (“Perpetual” or the “Company”), a diversified researcher and developer of energy-efficient technologies and auctioneers of classic collector vehicles, is pleased to announce the results of its audited annual financial report for year ending Dec. 31, 2021.
2021 Year-End Financial Highlights:
Gross revenues of $8,445,394 in 2021, compared to $0 in 2020.
Gross profits of $3,323,399 in 2021, compared to $0 in 2020.
Operating income of $4,793 in 2021, compared to an operating loss of ($838,810) in 2020.
Total assets of $11,514,967, an increase of 1,198%, in 2021, compared to $887,082 in year ending 2020.
Net loss of ($127,015) and diluted value per share of $0.00 in 2021, compared to a net loss of ($902,374) and diluted loss per share of ($0.02) in 2020, a decrease of 86%. Operating expenses included $183,741 of noncash stock-based compensation.
2021 Corporate Highlights:
Completed two strategic acquisitions that form a foundation for expanding the Company’s blockchain division:
Worldwide Auctioneers, a U.S.-based boutique auction company that specializes in the sale and acquisition of classic vintage motorcars at auctions around the globe.
AutoGrafic Software, a SaaS social application that utilizes cutting-edge technology to host a myriad of aspects for automotive promotion and preservation.
Moved into a new 22,000-square-foot corporate facility in Auburn, Indiana, giving Perpetual more space to meet the growing demands of its R&D projects, as well as room to execute a large-scale bitcoin mining center expansion for its bitcoin mining division.
Purchased over $400,000 in bitcoin mining machines for the cryptocurrency mining division.
Current liabilities were reduced by 44% to $2,026,143 in Q4 from $3,610,460 in Q3.
Installed the first Green Energy Mining (GEM) mobile bitcoin mining pod.
“Together, our leadership team and staff have made great strides to accelerate this unprecedented growth in 2021, the most significant being the acquisition of Worldwide Auctioneers as a wholly owned subsidiary,” said Brent Bedford, Perpetual’s chief executive officer. “I am incredibly proud of the hardworking people at both Worldwide Auctioneers and within the Perpetual organization for being the driving force behind the progress made this year. In 2022, we plan to expand our financial and operational growth by enhancing the Company’s ‘engine’ through a large-scale expansion of the cryptocurrency mining division. This operational focus will allow us to support innovation across all of our divisions, including AutoGrafic Software and our Green Energy Mining System (GEM).”
Perpetual’s Chief Financial Officer Trip Thomas commented, “We are very pleased to have delivered strong financial performance in 2021. The increase in revenue that we saw in 2021 over last fiscal year 2020 is monumental for the Company. We invested in capital equipment, which helps scale our highest-priority division while reducing overall current liabilities. By removing the noncash expense of stock-based compensation that was recorded in 2021, you would find our net operating income to be substantially higher, around $190,000.”
Read Perpetual Industries’ 2021 Annual Financial Report here
About Perpetual Industries Inc.
Incorporated in Nevada and based in Auburn, Indiana, Perpetual Industries Inc. (OTCMARKETS: PRPI) is an incubator for the development of new and innovative energy-efficient technologies. Our mission is to “perpetuate industry” by bringing value-added technologies to market. At the Company’s core is a proprietary technology known as the XYO Mechanical Balancing Technology, designed specifically to dynamically eliminate vibration in rotating equipment to create energy-efficient, environmentally responsible products. We are expanding our expertise and knowledge of energy-efficient technology by developing low-cost, green energy-powered solutions for a variety of industries, including renewable energy, blockchain mining, artificial intelligence, graphic rendering, internet of things (IoT) and cloud computing, while continuing our research, development and commercialization of the XYO Technology in key applications.
For more information about Perpetual and its divisions, please visit www.perpetualindustries.com.
Forward-Looking Statements
Certain statements in this press release constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended; Section 21E of the Securities Exchange Act of 1934; and the Private Securities Litigation Reform Act of 1995; as well as “forward-looking information” as such ?term is ?defined in applicable U.S. and Canadian securities legislation. We may use words such as “may,” “would,” “could,” ?“should,” “potential,” “??will,” “seek,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “expect” and variations of these words and similar expressions to identify a forward-looking statement. Such statements reflect the ?Company’s current views and intentions with respect to future ?events and current information ?available to the Company and are subject to certain risks, uncertainties and ?assumptions, ?without limitation. Should any factor affect the Company in an unexpected manner, ?or should assumptions underlying the forward-?looking information or statements prove incorrect, the actual ?results or events may differ materially from the results or events ?predicted. Any such forward-?looking information or statement is expressly qualified in its entirety by this cautionary statement. ?Moreover, the ?Company does not assume responsibility for the accuracy or completeness of such forward-looking ??information or statements. The forward-looking information and/or statements included in this press release are made as of the date of ?this press ?release, and the Company undertakes no obligation to publicly update or revise any ?forward-looking information, ?other than as required by applicable law.
For media, press inquiries and further information, please contact:
Investor Relations
Perpetual Industries Inc.
Phone: 702-707-9811
Email: info@perptualindustries.com
Wire Service Contact:
InvestorWire (IW)
Los Angeles, California
www.InvestorWire.com
212.418.1217 Office
Editor@InvestorWire.com
AskMuncher
3 years ago
$PRPI Perpetual Industries Announces the Denny Kannenberg ‘Kannonball’ Collection Auction, Hosted by Worldwide Auctioneers, a Wholly Owned Subsidiary, and Presented by Gas Monkey Garage and Richard Rawlings, Showcasing one of the Most Significant Mo
Press Release | 07/06/2021
AUBURN, Ind., July 06, 2021 (GLOBE NEWSWIRE) -- via InvestorWire -- Perpetual Industries (OTCMARKETS: PRPI) is pleased to announce that its wholly owned subsidiary Worldwide Auctioneers will host The Denny “Kannonball” Kannenberg Collection Auction at its Indiana headquarters this September. The all no-reserve auction will be presented by Gas Monkey Garage and Richard Rawlings and features the lifetime collection of celebrated flat track racer Denny “Kannonball” Kannenberg. This sale will showcase one of the most significant motorcycle collections to ever come to market.
The auction will take place Sept. 10 and 11, 2021, in Auburn, Indiana. Comprising a total of 165 largely original motorcycles, including racers, dirt bikes, street bikes and even mini motorcycles, the sale has something for everyone who appreciates anything on two wheels, and there will additionally be an eclectic offering of 30 collectible vehicles as well as a treasure trove of memorabilia, petroliana and toys.
“I’m blessed by the opportunity to bring the, literally, lifetime collection of my friend Denny to the world,” said Richard Rawlings of Gas Monkey Garage. “Here is a historic offering of everything that is motoring and bikes and racing, representing a real coming-of-age of motorcycles themselves and racing itself and American flat track, and there will not be another opportunity like it.”
Included among the numerous highlights of this collection full of special bikes is the rare 1942 Indian Four “440,” complete with original sidecar; a 1986 Honda CX500 Turbo that was presented by Honda to the king of drag racing, “Big Daddy” Don Garlits, as the NHRA Champion; and the infamous 1969 Kawasaki 500 III is another of the collection’s interesting bikes, notorious for being terrifyingly fast and nicknamed “The Widow Maker.”
“Trying to choose even a couple of favorite motorcycles from this unbelievable selection is impossible,” said John Kruse, Worldwide Auctioneers’ principal and auctioneer. “We’re honored to have been entrusted with the sale of this historic collection and look forward to bringing it to a global audience of collectors and enthusiasts.”
Enjoy an introduction to the entire astonishing collection with Richard Rawlings here on Gas Monkey Garage’s YouTube channel. Details on the full schedule and bidder registration are available at worldwideauctioneers.com or by calling 260-925-6789, with bidding options available to suit all comfort levels: live in-person, online, and absentee bidding by telephone.
Among Perpetual’s divisions, which include its Worldwide Auctioneers subsidiary, the company is developing the AutoGrafic Software System, a unique digital platform in the world of collector cars. Perpetual plans to connect Worldwide Auctioneers with the AutoGrafic Software System in a synergistic offering designed to provide auto collectors, enthusiasts, restorers and lovers with a more interactive and connected experience (https://ibn.fm/YzFTj).
For more information about the company, please visit www.PerpetualIndustries.com.
For more information about Worldwide Auctioneers and the Kannonball Auction presented by Gas Monkey Garage and Richard Rawlings, please visit www.worldwideauctioneers.com.
About Perpetual Industries Inc.
Incorporated in Nevada and based in Auburn, Indiana, Perpetual Industries Inc. (OTCMARKETS: PRPI) is an incubator for the development of new and innovative energy-efficient technologies. Our mission is to “perpetuate industry” by bringing value-added technologies to market. At the Company’s core is a proprietary technology known as the XYO Mechanical Balancing Technology, designed specifically to dynamically eliminate vibration in rotating equipment to create energy-efficient, environmentally responsible products. We are expanding our expertise and knowledge of energy-efficient technology by developing low-cost, green-energy-powered solutions for a variety of industries, including renewable energy, blockchain mining, artificial intelligence, graphic rendering, internet of things (IoT) and cloud computing, while continuing our research, development and commercialization of the XYO Technology in key applications.
About Worldwide Auctioneers
Worldwide Auctioneers is a U.S.-based boutique catalogue auction company and wholly owned subsidiary of Perpetual Industries. Located in Auburn, Indiana, Worldwide Auctioneers is recognized as a global leader in high-end collector car auctioneering, with principals who are owner auctioneers and invested in seamlessly delivering the optimal result for every client. In addition to the acquisition and sale of classic automobiles at auction, Worldwide Auctioneers offers an extensive range of personalized services to the serious collector, including appraisal, collection direction and consultancy, estate planning and asset management. For those seeking to sell a car or collection privately, the company’s private sales division incorporates The Salon, a 200,000-square-foot, climate-controlled and purpose-built showroom housed at its Auburn headquarters, along with a dedicated memorabilia division.
Forward-Looking Statements
Certain statements in this press release constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended; Section 21E of the Securities Exchange Act of 1934; and the Private Securities Litigation Reform Act of 1995; as well as “forward-looking information” as such ?term is ?defined in applicable U.S. and Canadian securities legislation. We may use words such as “may,” “would,” “could,” ?“should,” “potential,” “??will,” “seek,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “expect” and variations of these words and similar expressions to identify a forward-looking statement. Such statements reflect the ?Company’s current views and intentions with respect to future ?events and current information ?available to the Company and are subject to certain risks, uncertainties and ?assumptions, including, ?without limitation: the conditions to closing of the transaction being satisfied, including obtaining all necessary approvals for the transaction. Should any factor affect the Company in an unexpected manner, ?or should assumptions underlying the forward-?looking information or statements prove incorrect, the actual ?results or events may differ materially from the results or events ?predicted. Any such forward-?looking information or statement is expressly qualified in its entirety by this cautionary statement. ?Moreover, the ?Company does not assume responsibility for the accuracy or completeness of such forward-looking ??information or statements. The forward-looking information and/or statements included in this press release are made as of the date of ?this press ?release, and the Company undertakes no obligation to publicly update or revise any ?forward-looking information, ?other than as required by applicable law.
For media, press inquiries and further information, please contact:
Investor Relations
Perpetual Industries Inc.
Phone: 702-707-9811
Email: info@perptualindustries.com
Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com
AskMuncher
3 years ago
$PRPI Perpetual Industries Announces the Acquisition of Worldwide Auctioneers ("Worldwide Group, LLC.")
Press Release | 01/25/2021
AUBURN, IN / ACCESSWIRE / January 25, 2021 / Perpetual Industries Inc. (OTC PINK:PRPI) ("Perpetual" or the "Company") is pleased to announce it has completed its acquisition of The Worldwide Group, LLC. ("Worldwide"), operating as Worldwide Auctioneers.
left to right: Rod Egan, Principal Worldwide, Brent Bedford, CEO Perpetual Industries, and Kohn Kruse, Principal Worldwide.
Worldwide is a US-based boutique auction company that specializes in the sale and acquisition of classic vintage motorcars at auction around the globe. They also offer an extensive range of personalized services to collectors, including private sales, appraisal, collection direction and consultancy, estate planning, and asset management. Worldwide is a leader in the Collector Car Auction industry with an impressive 20 year history and a talented team of experienced people. Worldwide houses a physical and virtual showroom, and a dedicated memorabilia division at its extensive Indiana headquarters.
Under the terms of the agreement, which was unanimously approved by Perpetual's board of directors, Worldwide will continue to be led by principals Rod Egan and John Kruse and operate independently under the Worldwide Auctioneers brand as a wholly owned subsidiary of Perpetual, driving forward with a continued focus on its mission, customers, and community.
"I am excited to welcome the entire Worldwide team under Rod and John's leadership to Perpetual's umbrella. Their entrepreneurial spirit is a good match with ours and I am looking forward to achieving greater growth in Perpetual while playing a key role in reaching the future goals of Worldwide". said Brent Bedford, CEO of Perpetual.
Within Perpetual's Blockchain division and by utilizing the Company's expertise in technology and marketing, there are multiple channels of collaboration that will allow for greater diversity and revenue streams in the Company. By providing Worldwide greater access to capital, Perpetual can transform the way Worldwide supports its customers and manages the buying and selling of important collector cars on a much larger scale.
"Today marks the beginning of an exciting new chapter for Worldwide, one in which we will be able to achieve greater goals and further our place as a global leader in the Collector Car Auction Industry. With access to Perpetual's technical expertise, it will empower us to deliver more value to our customers by helping facilitate our on-line sales platform initiatives". said Rod Egan, Principal and Chief Auctioneer of Worldwide.
"Being a part of Perpetual is a big step forward for Worldwide. We will be better positioned to accelerate and extend our mission of providing advanced levels of online exposure with unparalleled digital marketing tools, and exceptional service to our valued clients". said John Kruse, Principal and Auctioneer of Worldwide.
The acquisition is a positive milestone that contributes to the overall growth in Perpetual Industries.
About Perpetual Industries Inc.
Incorporated in Nevada and based in Auburn, Indiana, Perpetual Industries Inc. (OTC PINK:PRPI) is an incubator for the development of new and innovative energy efficient technologies. Our mission is to ‘perpetuate industry' by bringing value-added technologies to market. At the company's core is a proprietary technology known as The XYO Mechanical Balancing Technology, designed specifically to dynamically eliminate vibration in rotating equipment to create energy efficient, environmentally responsible products. We are expanding our expertise and knowledge of energy efficient technology by developing low cost, green energy powered solutions for a variety of industries including renewable energy, blockchain mining, artificial intelligence, graphic rendering, internet of things (IoT), and cloud computing while continuing our research, development, and commercialization of the XYO Technology in key applications.
About Worldwide Auctioneers
Located in Auburn, IN, Worldwide is recognized as the leader in High End Collector Car Auctioneering globally. The sale and acquisition of vintage motorcars is at the core of the business and no one is better qualified than us. Our sole focus is on helping you buy and sell great motorcars, whether privately or at auction. We're unique in having owners who are also chief auctioneers and motorcar specialists, so you deal directly with us and we are absolutely invested in achieving the best result for you. No one knows your motorcar better, because we consigned it, researched it and marketed it. No other company is better placed to properly represent your investment. With Worldwide Auctioneers, you will get our personal attention and you won't get lost in the crowd.
Forward-Looking Statements
Certain statements in this press release constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995 and "forward-looking information" as such ?term is ?defined in applicable US and Canadian securities legislation. The words "may", "would", "could", ??"should", "potential", ??"will", "seek", "intend", "plan", "anticipate", "believe", "estimate", "expect" and ?similar expressions as they relate ?to the Company. Such statements reflect the ?Company's current views and intentions with respect to future ?events, and current information ?available to the Company, and are subject to certain risks, uncertainties and ?assumptions, including, ?without limitation: the conditions to closing of the transaction being satisfied, including obtaining all necessary approvals for the transaction. Should any factor affect the Company in an unexpected manner, ?or should assumptions underlying the forward-?looking information or statements prove incorrect, the actual ?results or events may differ materially from the results or events ?predicted. Any such forward-?looking information or statement is expressly qualified in its entirety by this cautionary statement. ?Moreover, the ?Company does not assume responsibility for the accuracy or completeness of such forward-looking ??information or statement. The forward-looking information and/or statements included in this press release is made as of the date of ?this press ?release and the Company undertakes no obligation to publicly update or revise any ?forward-looking information, ?other than as required by applicable law.
For media, press inquiries, and further information, please contact:
Carl Dilley, Chief Operating Officer
Perpetual Industries Inc.
Phone: 702-707-9811
Email: info@perptualindustries.com
SOURCE: Perpetual Industries, Inc.
View source version on accesswire.com:
https://www.accesswire.com/625648/Perpetual-Industries-Announces-the-Acquisition-of-Worldwide-Auctioneers-Worldwide-Group-LLC
AskMuncher
3 years ago
$PRPI Perpetual Industries Reports Filing of Amendment to the Articles of Incorporation
Press Release | 12/08/2020
AUBURN, IN / ACCESSWIRE / December 8, 2020 / Perpetual Industries, Inc. (OTC PINK:PRPI) ("Perpetual" or the "Company") is pleased to report that it has filed an amendment with the Secretary of State of Nevada to amend its Articles of Incorporation, Article 4, Capital Stock. The majority of shareholders approved the amendment, allowing the Company to increase its Authorized number of Common Stock from the previous 100,000,000 shares to a maximum of 500,000,000 shares, and to create a new class of Preferred Stock with a maximum number of 100,000,000 shares authorized to issue. The amendment became effective as of December 3, 2020, at which time there were no shares of Preferred Stock issued and outstanding. The Company's Board of Directors have been granted authority to designate and issue the new series of Preferred Stock in the future.
For more information on Perpetual Industries please visit: https://www.perpetualindustries.com
About Perpetual Industries Inc.
Incorporated in Nevada and based in Auburn, Indiana, Perpetual Industries Inc. (OTC PINK:PRPI) is an incubator for the development of new and innovative energy efficient technologies. Our mission is to ‘perpetuate industry' by bringing value-added technologies to market. At the company's core is a proprietary technology known as The XYO Mechanical Balancing Technology, designed specifically to dynamically eliminate vibration in rotating equipment to create energy efficient, environmentally responsible products. We are expanding our expertise and knowledge of energy efficient technology by developing low cost, green energy powered solutions for a variety of industries including renewable energy, blockchain mining, artificial intelligence, graphic rendering, internet of things (IoT), and cloud computing while continuing our research, development, and commercialization of the XYO Technology in key applications.
Forward-Looking Statements
Certain statements in this press release constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995 and "forward-looking information" as such ?term is ?defined in applicable US and Canadian securities legislation. The words "may", "would", "could", ??"should", "potential", ??"will", "seek", "intend", "plan", "anticipate", "believe", "estimate", "expect" and ?similar expressions as they relate ?to the Company. Such statements reflect the ?Company's current views and intentions with respect to future ?events, and current information ?available to the Company, and are subject to certain risks, uncertainties and ?assumptions, including, ?without limitation: the conditions to closing of the transaction being satisfied, including obtaining all necessary approvals for the transaction. Should any factor affect the Company in an unexpected manner, ?or should assumptions underlying the forward-?looking information or statements prove incorrect, the actual ?results or events may differ materially from the results or events ?predicted. Any such forward-?looking information or statement is expressly qualified in its entirety by this cautionary statement. ?Moreover, the ?Company does not assume responsibility for the accuracy or completeness of such forward-looking ??information or statement. The forward-looking information and/or statements included in this press release is made as of the date of ?this press ?release and the Company undertakes no obligation to publicly update or revise any ?forward-looking information, ?other than as required by applicable law.
For media, press inquiries, and further information, please contact:
Carl Dilley, Chief Operating Officer
Perpetual Industries Inc.
Phone: 702-707-9811
Email: info@perptualindustries.com
SOURCE: Perpetual Industries, Inc.
View source version on accesswire.com:
https://www.accesswire.com/620038/Perpetual-Industries-Reports-Filing-of-Amendment-to-the-Articles-of-Incorporation
AskMuncher
3 years ago
$PRPI Perpetual Industries Reports Filing of Amendment to the Articles of Incorporation
Press Release | 12/08/2020
AUBURN, IN / ACCESSWIRE / December 8, 2020 / Perpetual Industries, Inc. (OTC PINK:PRPI) ("Perpetual" or the "Company") is pleased to report that it has filed an amendment with the Secretary of State of Nevada to amend its Articles of Incorporation, Article 4, Capital Stock. The majority of shareholders approved the amendment, allowing the Company to increase its Authorized number of Common Stock from the previous 100,000,000 shares to a maximum of 500,000,000 shares, and to create a new class of Preferred Stock with a maximum number of 100,000,000 shares authorized to issue. The amendment became effective as of December 3, 2020, at which time there were no shares of Preferred Stock issued and outstanding. The Company's Board of Directors have been granted authority to designate and issue the new series of Preferred Stock in the future.
For more information on Perpetual Industries please visit: https://www.perpetualindustries.com
About Perpetual Industries Inc.
Incorporated in Nevada and based in Auburn, Indiana, Perpetual Industries Inc. (OTC PINK:PRPI) is an incubator for the development of new and innovative energy efficient technologies. Our mission is to ‘perpetuate industry' by bringing value-added technologies to market. At the company's core is a proprietary technology known as The XYO Mechanical Balancing Technology, designed specifically to dynamically eliminate vibration in rotating equipment to create energy efficient, environmentally responsible products. We are expanding our expertise and knowledge of energy efficient technology by developing low cost, green energy powered solutions for a variety of industries including renewable energy, blockchain mining, artificial intelligence, graphic rendering, internet of things (IoT), and cloud computing while continuing our research, development, and commercialization of the XYO Technology in key applications.
Forward-Looking Statements
Certain statements in this press release constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995 and "forward-looking information" as such ?term is ?defined in applicable US and Canadian securities legislation. The words "may", "would", "could", ??"should", "potential", ??"will", "seek", "intend", "plan", "anticipate", "believe", "estimate", "expect" and ?similar expressions as they relate ?to the Company. Such statements reflect the ?Company's current views and intentions with respect to future ?events, and current information ?available to the Company, and are subject to certain risks, uncertainties and ?assumptions, including, ?without limitation: the conditions to closing of the transaction being satisfied, including obtaining all necessary approvals for the transaction. Should any factor affect the Company in an unexpected manner, ?or should assumptions underlying the forward-?looking information or statements prove incorrect, the actual ?results or events may differ materially from the results or events ?predicted. Any such forward-?looking information or statement is expressly qualified in its entirety by this cautionary statement. ?Moreover, the ?Company does not assume responsibility for the accuracy or completeness of such forward-looking ??information or statement. The forward-looking information and/or statements included in this press release is made as of the date of ?this press ?release and the Company undertakes no obligation to publicly update or revise any ?forward-looking information, ?other than as required by applicable law.
For media, press inquiries, and further information, please contact:
Carl Dilley, Chief Operating Officer
Perpetual Industries Inc.
Phone: 702-707-9811
Email: info@perptualindustries.com
SOURCE: Perpetual Industries, Inc.
View source version on accesswire.com:
https://www.accesswire.com/620038/Perpetual-Industries-Reports-Filing-of-Amendment-to-the-Articles-of-Incorporation
AskMuncher
3 years ago
$PRPI Perpetual Industries Announces Grant Awarded to Trine University to Fund Research and Development of Its Windsilo Turbine
Press Release | 11/09/2020
AUBURN, IN / ACCESSWIRE / November 9, 2020 / Perpetual Industries Inc. (OTC PINK:PRPI) ("Perpetual" or the "Company") is pleased to announce that Trine University, a private post-secondary institution located in Angola, Indiana, has been awarded a grant through its ‘Innovation1' department from the Indiana Economic Development Corporation's Innovation Voucher Program to assist Perpetual Industries in the development of its proprietary vertical axis wind turbine called "The Windsilo".
A portion of the $50,000 grant will be used by ‘Innovation1' to fund engineering and technical expertise in collaboration with the research and development (R&D) team at Perpetual to finalize the production prototype of its Windsilo product.
"We are very excited and honored to have the world class engineering team at Trine University assisting us in this project. Innovation1 will provide unparalleled expertise to help us finalize our Windsilo design, allowing us to bring this very innovative green energy product to market." stated Brent W. Bedford, CEO of Perpetual Industries Inc.
The grant was provided by the IEDC's Innovation Voucher program that awards grants to Universities who partner with qualified Indiana-based companies to assist with research, technology development, or commercialization activities.
For more information on Trine University and the Innovation1 program, please visit:
https://www.trine.edu/innovation-one/index.aspx
For more information on Perpetual Industries and the Windsilo, please visit:
https://www.perpetualindustries.com/windsilo.html
About Perpetual Industries Inc.
Incorporated in Nevada and based in Auburn, Indiana, Perpetual Industries Inc. (OTCMARKETS:PRPI) is an incubator for the development of new and innovative energy efficient technologies. Our mission is to ‘perpetuate industry' by bringing value-added technologies to market. At the company's core is a proprietary technology known as The XYO Mechanical Balancing Technology, designed specifically to dynamically eliminate vibration in rotating equipment to create energy efficient, environmentally responsible products. We are expanding our expertise and knowledge of energy efficient technology by developing low cost, green energy powered solutions for a variety of industries including renewable energy, blockchain mining, artificial intelligence, graphic rendering, internet of things (IoT), and cloud computing while continuing our research, development, and commercialization of the XYO Technology in key applications.
About Trine University
Trine University, an internationally recognized, private, co-educational, residential institution, offers associate's, bachelor's, master's and doctoral degrees in the Allen School of Engineering & Computing, Ketner School of Business, College of Graduate and Professional Studies, College of Health Professions, Franks School of Education, Jannen School of Arts & Sciences and Rinker-Ross School of Health Sciences. Trine is a member of the Michigan Intercollegiate Athletic Association and offers 36 intercollegiate sports, 27 of which compete in NCAA Division III. Its golf program includes the university-owned 18-hole championship Zollner Golf Course. Founded in 1884 and accredited by the Higher Learning Commission of the North Central Association of Colleges and Schools (www.ncahigherlearningcommission.org), Trine operates a 450-acre main campus in Angola, Indiana, and the College of Health Professions in Fort Wayne, with programs available worldwide through TrineOnline.
Forward-Looking Statements
Certain statements in this press release constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995 and "forward-looking information" as such ?term is ?defined in applicable US and Canadian securities legislation. The words "may", "would", "could", ??"should", "potential", ??"will", "seek", "intend", "plan", "anticipate", "believe", "estimate", "expect" and ?similar expressions as they relate ?to the Company. Such statements reflect the ?Company's current views and intentions with respect to future ?events, and current information ?available to the Company, and are subject to certain risks, uncertainties and ?assumptions, including, ?without limitation: the conditions to closing of the transaction being satisfied, including obtaining all necessary approvals for the transaction. Should any factor affect the Company in an unexpected manner, ?or should assumptions underlying the forward-?looking information or statements prove incorrect, the actual ?results or events may differ materially from the results or events ?predicted. Any such forward-?looking information or statement is expressly qualified in its entirety by this cautionary statement. ?Moreover, the ?Company does not assume responsibility for the accuracy or completeness of such forward-looking ??information or statement. The forward-looking information and/or statements included in this press release is made as of the date of ?this press ?release and the Company undertakes no obligation to publicly update or revise any ?forward-looking information, ?other than as required by applicable law.
For media, press inquiries, and further information, please contact:
Carl Dilley, Chief Operating Officer
Perpetual Industries Inc.
Phone: 702-707-9811
Email: info@perptualindustries.com
SOURCE: Perpetual Industries, Inc.
View source version on accesswire.com:
https://www.accesswire.com/615364/Perpetual-Industries-Announces-Grant-Awarded-to-Trine-University-to-Fund-Research-and-Development-of-Its-Windsilo-Turbine
AskMuncher
4 years ago
$PRPI Perpetual Industries Inc. Announces Full Revocation of Cease Trade Orders
Press Release | 07/10/2020
AUBURN, IN / ACCESSWIRE / July 10, 2020 / Perpetual Industries Inc. (OTC PINK:PRPI) (the "Company") is pleased to announce that the Alberta Securities Commission ("ASC") and the British Columbia Securities Commission ("BCSC") have each issued the Company revocation orders dated July 6, 2020 and July 9, 2020, respectively, granting full revocation of cease trade orders previously issued by the ASC and BCSC.
The ASC previously issued a cease trade order against the Company on December 4, 2015 (the "AB CTO") and the BCSC issued a cease trade order against the Company on December 8, 2019 (the "BC CTO" and collectively the "CTOs"). The CTOs were issued against the Company due to the Company's failure to file its annual information form, certification of annual filings, annual audited financials, annual management discussion and analysis for the year ended July 31, 2015 (the "CD Materials").
On May 5, 2019 and May 8, 2019 respectively, the Company was granted partial revocation orders by the ASC and BCSC in order to complete a private placement (the "Private Placement") for an amount of up to a maximum of $200,000 USD by way of the issuance of common shares in the Company. The Private Placement was completed for the purpose of covering all costs and fees (including audit fees, professional fees, late filing fees and other applicable fees) associated with bringing the Company's continuous disclosure requirements up to date.
After the successful completion of the Private Placement, the Company was able to prepare and file all of the required CD Materials. Copies of the CD Materials can be found on the Company's profile on the System for Electronic Document and Retrieval ("SEDAR") at www.sedar.com. The trading in, and acquisition of, securities of the Company is no longer prohibited.
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