Human Unitec International Jumps 15% On Binding Joint Venture
The sustainable energy and medical wellness space have grown at a remarkable rate over the course of the past decade or so, and many companies have emerged as influential players in the sector. One of the notable companies in this space is Human Unitec International, Inc., (OTCMKTS: HMNU). It is a project finance company, but it is primarily involved in developing and managing assets in the medical, wellness, green, and sustainable energy space.
First Sales of a Tires Recycling GRONE
This morning, the Human Unitec stock has been in focus among investors due to an announcement from the company, and so far, the stock has rallied by as much as 15%. Investors could do well to delve a bit deeper and take a closer look at Human Unitec.
The company has developed a product called GRONE is supposed to act as a recycling center. However, that is not all. It also functions as a power plant that can help in the elimination of landfills. That being said, it should be noted that the main function of GRONE is to sort out municipal solid waste. Human Unitec announced this morning that the development team in charge of GRONE is now in the process of selling and deploying several plants.
A tire recycling plant with a capacity of 10 tons is currently active in Milan in Italy. The company has signed two binding joint venture agreements regarding this, and the total value of the two agreements make up $3,900,000. The spike in the stock this morning has not come as a complete surprise, and it remains to be seen if the Human Unitec stock can further add to its gains today.
In light of the rally this morning, it could also be a good idea to take a quick look at some of the other developments surrounding Human Unitec.
Substantial Development of GRONE Contract
Earlier this week, the company announced that there had been considerable activity with regard to new GRONE contracts and project activities.
It was an important announcement from the company considering the fact that Human Unitec has been working with Health Target since back in 2016 to make GRONE technology viable for commercial use. It goes without saying that it marks a major milestone for the company that one of its more important projects could be on the verge of being commercially viable.
However, this is not the first major announcement done by the company with regard to GRONE. Back on June 11, Human Unitec announced that it had signed a binding purchase agreement for the sale of as many as 6 GRONE facilities for $40,800,000, and that marked another major milestone for the company. The recent developments are major positives for the company and could result in a larger focus on its stock in the coming days.
Neither PSN nor its owners, members, officers, directors, partners, consultants, nor anyone involved in the publication of this website, is a registered investment adviser or broker-dealer or associated person with a registered investment adviser or broker-dealer and none of the foregoing make any recommendation that the purchase or sale of securities of any company profiled in the PSN website is suitable or advisable for any person or that an investment or transaction in such securities will be profitable. The information contained in the PSN website is not intended to be, and shall not constitute, an offer to sell nor the solicitation of any offer to buy any security. The information presented in the PSN website is provided for informational purposes only and is not to be treated as advice or a recommendation to make any specific investment. Please consult with an independent investment adviser and qualified investment professional before making an investment decision.