This agreement now becoming a reality!
Rich Power has created a majority-owned subsidiary, IBT, to assist in developing RichPowers technologies in the North American market. EV Battery Tech will be working closely with IBT to develop its blockchain technology and adapt RichPowers battery technology for the North American markets. EV Battery Tech is just the business partner we needed to get RichPowers ground-breaking technologies into international markets, starting here, in North America. We are excited to be able to commercialize quickly with the help of EV Battery Tech, commented Yoga Yogendran, President and CEO of IBT. As a closing condition to the definitive agreement, the Company has issued 8,000,000 common shares to IBT. We are very fortunate to be bringing a proven technology to the North American market, stated Bryson Goodwin, President and CEO of EV Battery Tech.