other material
confidence high
sentiment positive
materiality 0.60
Ozop Energy orders $11M solar panels; Q1 rev $2.9M; subsidiary targets EV battery reinsurance
OZOP ENERGY SOLUTIONS, INC.
- Ozop subsidiary OES issued $11M in solar panel purchase orders; $1.7M in deposits paid.
- $6M of solar panels expected by August 2022; $5M forecasted for November 2022 delivery.
- Q1 2022 revenue was approx $2.9M; Q2/Q3 expected similar, with significant Q4 increase.
- Ozop Plus attending Agent Summit May 15-18; sponsoring Reinsurance Symposium.
- Ozop Plus aims to reinsure EV batteries in vehicle service contracts, using actuarial models.