Here is Why Ozop Surgical Corp (OTCMKTS:OZSC) Stock Skyrocketing This Week
Ozop Surgical Corp (OTCMKTS:OZSC) has emerged as one of the notable players in the medical instruments space in recent times. The company designs invent, develops, and also distributes a range of products starting from endoscopic instruments and surgical implants to instruments focussed on spine and pain management.
The company is focussed on producing instruments that are equivalent or actually an improvement on existing products. Additionally, the company also seeks to ensure that such products also can lead to savings for consumers and providers. The Ozop stock has been in focus among investors this week and has recorded gains of as much as 290% so far.
In such a situation, it could be important for market participants to take a closer look at the company. The rally in the Ozop stock could be related to a development that took place back on June 17. The news was related to the company’s subsidiary Power Conversion Technologies.
Supply Bid With Global Defense Contractor
The Ozop subsidiary had apparently put in a bid with one of the biggest defense contractors in the world to supply it with power converter units that are meant for automatic naval weapons systems. The placement of the bid is a significant development for Power Conversion, considering the fact that the size of the deal could be enormous, and it is not a surprise that it has sparked a lot of interest among investors.
The company is supposed to be told about the results of the bid in 60 days, and if successful, it will receive the coveted purchase order. According to reports, a source has claimed that Power Conversion Technologies is the only company that is capable of fulfilling this order, and hence, there might be a degree of optimism within the company with regards to the order.
Catherin Chis, who is the president of the company, stated that Power Conversion has managed to build up its reputation by producing high standard mission-critical systems that cannot be matched by other vendors. She went on to state that the company is happy that this leading defense contractor turned to Power Conversion with regards to a bid for this project.
Bids On Contract For US Air Force
However, that is not all. Earlier on in June, Ozop got another significant boost when it announced that Power Conversion Technologies had been a part of a bid issued by a defense contractor working with the United States Air Force.
The contract is for the development of a range of power converter modules meant for two types of flight line power carts. The carts are part of the Flightline of the Future effort, which seeks to modernize communications. It goes without saying that it is another major development for the company and could only be a positive for Ozop.
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