ECOX - Eco Innovation to buy proprietary eco-friendly cooling technology
Eco Innovation (OTCPK:ECOX) has signed a letter of intent with Keith E. Prime, the inventor of technologies with applications for the air conditioning industry. Under the terms, the company will form a new operating subsidiary that would acquire 100% of the right and title to Prime's technologies in exchange for equity and profit-sharing considerations in the newly formed operating subsidiary. The LOI outlines a proposed acquisition by the Company of Prime's proprietary cooling and alcohol dispensing technology.
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Eco Innovation to buy proprietary eco-friendly cooling technology