ASPZ announces completion of purchase of SRE Power CHEYENNE, WY / ACCESSWIRE / August 12, 2024 / Asia Properties Inc. (OTC PINK: ASPZ) has completed the acquisition of Houston-based hydrogen technology company, SRE Power Inc., in a transaction that valued SRE at $72 million at closing.
A new board of directors has been appointed, including tech entrepreneur K. Reginald Fubara, Founder & CEO of SRE Power, as the new CEO of the combined group. Also joining as board members are clean energy technology venture capital investor, James McNaught-Davis, and Shinichi Hirano, the world-renowned hydrogen scientist with more than 20 patents related to the advancement of various hydrogen technologies.
Management Statements:
Speaking about HyOrc’s innovative technology, Shinichi Hirano said, “The unparalleled cost savings and impressive efficiency of the HyOrc is unmatched as a clean heavy-duty powertrain.”
Reginald Fubara, CEO, added, “The ORCs are coming...”
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