Slojab
1 day ago
Hopefully, SRE Power is the real deal.
CHEYENNE, WY / ACCESSWIRE / July 1, 2024 / Asia Properties Inc. (OTC PINK:ASPZ) has signed an agreement to acquire SRE Power, Inc., the Houston-based hydrogen technology company in a share-for-share deal. The deal values SRE at $72m.
See "Our Projects"
https://srepower.com/about-us/
JustJack
2 weeks ago
Looks like the auditor is dropping the necessary Annual Reports.
Almost go time.
June 11, 2024 / The Company signed an engagement letter on May 16, 2024 with Boladale Lawal & Co, a PCAOB audit firm. The four audits include 2018, 2019, 2020 and 2021 and should remedy any previous deficiencies flagged by the regulators. The Company plans to file a registration statement with the SEC after completing an acquisition along with the necessary audits.
Honeybooboo
2 weeks ago
ASPZ Provides an Update on the HyOrc Technology Development Plans
Press Release | 07/08/2024
CHEYENNE, WY / ACCESSWIRE / July 8, 2024 / Asia Properties Inc. (OTC PINK:ASPZ) is pleased to provide an update from SRE Power, Inc., on the development of the HyOrc hydrogen engine technology for heavy-duty application.
The HyOrc production planning team has confirmed that product development is now at the end of the B-Sample process of design verification. By the end of Q1-2025, the company plans to complete its development pilot with the HyOrc engine integrated into a truck for product testing purposes.
The HyOrc product development team, with a specific focus on its use as a powertrain for heavy-duty trucks, includes the HyOrc head of R&D, Manoharan Sundaralingam, a veteran inventor of renewable technologies, and Shinichi Hirano, former CTO of Hyzon Motors.
Having already completed and tested the prototype HyOrc engine, the company is very excited about the upcoming milestone of performance testing the pilot HyOrc in a heavy-duty vehicle.
Louied91
2 weeks ago
$ASPZ Provides an Update on the HyOrc Technology Development Plans
https://www.accesswire.com/886144/aspz-provides-an-update-on-the-hyorc-technology-development-plans
CHEYENNE, WY / ACCESSWIRE / July 8, 2024 / Asia Properties Inc. (OTC PINK:ASPZ) is pleased to provide an update from SRE Power, Inc., on the development of the HyOrc hydrogen engine technology for heavy-duty application.
The HyOrc production planning team has confirmed that product development is now at the end of the B-Sample process of design verification. By the end of Q1-2025, the company plans to complete its development pilot with the HyOrc engine integrated into a truck for product testing purposes.
The HyOrc product development team, with a specific focus on its use as a powertrain for heavy-duty trucks, includes the HyOrc head of R&D, Manoharan Sundaralingam, a veteran inventor of renewable technologies, and Shinichi Hirano, former CTO of Hyzon Motors.
Having already completed and tested the prototype HyOrc engine, the company is very excited about the upcoming milestone of performance testing the pilot HyOrc in a heavy-duty vehicle.
JustJack
2 weeks ago
July 8, 2024 / Asia Properties Inc. (OTC PINK:ASPZ) is pleased to provide an update from SRE Power, Inc., on the development of the HyOrc hydrogen engine technology for heavy-duty application.
The HyOrc production planning team has confirmed that product development is now at the end of the B-Sample process of design verification. By the end of Q1-2025, the company plans to complete its development pilot with the HyOrc engine integrated into a truck for product testing purposes.
The HyOrc product development team, with a specific focus on its use as a powertrain for heavy-duty trucks, includes the HyOrc head of R&D, Manoharan Sundaralingam, a veteran inventor of renewable technologies, and Shinichi Hirano, former CTO of Hyzon Motors.
Having already completed and tested the prototype HyOrc engine, the company is very excited about the upcoming milestone of performance testing the pilot HyOrc in a heavy-duty vehicle.
SRE Power Inc.
SRE Power, Inc. is a pioneering cleantech company with technology derived from five revolutionary mobility & power patents. The company is dedicated to developing the innovative HyOrc technology for use in decarbonizing various industries, with a focus on sustainability and performance. SRE is currently rolling out a portfolio of renewable energy power plants, which include geothermal, waste heat recovery, and hydrogen power.
Please visit our new website: www.srepower.com
Asia Properties, Inc.
ASPZ is an OTC Pink Market company focused on developing the HyOrc engine technology for heavy-duty trucks, trains, and ships. The Company intends to change its name to HyOrc, Inc.
JustJack
3 weeks ago
Asia Properties' CEO, Debra Childers, expressed delight at the SRE acquisition. According to her, "The agreement with SRE is a strategic move towards accelerated development and commercialization of the revolutionary HyOrc powertrain, a disruptor solution for heavy-duty application. We believe we have now created the foundations for a Tesla class company, driven by genuine sustainability and a vision to make a real impact on global consciousness".
Slojab
3 weeks ago
From the SRE website.
At SRE Power, we pride ourselves on our strong financial performance. Our revenue growth, profitability, and financial stability demonstrate our commitment to delivering value to our investors
They're operational.
Our Journey So Far
2024
28MW waste heat recovery from reciprocating engines in Honduras
Pipeline of over 2.5GW of clean energy projects at various stages of development
100MW gas power project in South Africa
100MW gas power project in Eswatini and 200MW follow up geothermal project.
A 2MW pilot geothermal power station in the Philippines, as part of a potential 270MW geothermal project on Biliran island.
40MW geothermal project in Mindoro island, Philippines.
JustJack
3 weeks ago
On completion of the transaction, ASPZ will change its name to HyOrc, Inc and restructure its Board. James McNaught-Davis, a seasoned private equity professional and venture capital investor with an investment management and advisory background at prominent firms including Advent, Merrill Lynch, Schroders, Warburg Pincus, and WHEB, has been selected to become the Chairman. Meanwhile the tech entrepreneur Reginald Fubara, SRE's founder and CEO, will take over HyOrc's executive leadership.