Elite Group Executes Binding LOI With Power Conversion Technologies Inc.
FRISCO, TX, December 20, 2019 (GLOBE NEWSWIRE)– via NEWMEDIAWIRE– Elite Group, Inc. (OTC: ELTZ) a Nevada corporation announced today that the company has entered into a binding letter of intent to acquire Power Conversion Technologies Inc. (PCTI).
ELTZ: Power Conversion Technologies Receives Order From Fortune 500 Aerospace and Defense Company
FRISCO, TX, December 27, 2019 (GLOBE NEWSWIRE)– via NEWMEDIAWIRE– Elite Group, Inc. (OTC: ELTZ) a Nevada corporation announced today that in December, Power Conversion Technologies Inc. (PCTI) completed production of a prototype in-hull battery charger used onboard nuclear propelled submarines and was awarded the follow-on production order for two additional in-hull battery chargers. PCTI’s client which is a Fortune 500 Nasdaq listed company is one of the major producers of ballistic missile and attack submarines in the US. The company expects to ship the chargers by April of next year.