A Florida-based micro cap is turning heads on Wednesday after the company announced that its subsidiary, %Syneffex Inc., signed a distribution agreement with %Lowes Inc. (). This means that Syneffex’s products will be available on Lowe’s website for shipping and in-store pickup in the near future. This sent shares of the parent company, %IndustrialNanotech () flying following the announcement.
Industrial Nanotech Inc develops, manufactures, and markets industrial grade insulation products utilizing nanotechnology in the United States and internationally. It owns patent rights to a combination of a specific category of nanocomposites of secondary carrier components.
Traders during Wednesday’s session appear to have been eager to get their hands on shares of the parent company as shares flew up to $0.0172/share (+59.26%) at the session high.
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