Published On: Tue, Sep 27th, 2016

SMA Alliance Inc (OTCMKTS:SMAA) Spikes After Acquiring Stake In Windstax

SMA Alliance Inc (OTCMKTS:SMAA) announced yesterday that its subsidiary, SMA Energy, had acquired a stake in Windstax, a full service wind power company. The news helped the company’s stock add 30% to its share value, on a trade volume of 176.44 million. This was the first spike for the company, in approximately two weeks. However, SMAA has been fluctuating in the market, for the last month. The stock closed at a share price of $0.00039, at the end of the September 26 session.

Kit Jennings, the CEO of SMAA, expressed is excitement at the initiation of a relationship with Windstax. He pointed out that the technology owned by Windstax had previously won awards and also complements the current technology, owned by SMA Energy. Mr. Jennings was of the opinion that the relationship would only improve the current product line, owned by the company. He claimed that the management had already started integrating the technology from Windstax, in its own equipment.

It should be noted here that Windstax develops a unique product line of plug-and-play power systems, for commercial, residential and off-grid applications. Moreover, the company is responsible for the industry’s first high-performance energy management, in a self-contained and reliable green energy system. Although SMAA is slowly recovering in the stock market, it is still very far from its August high of $0.00075. The stock started its decline from that point soon after it introduced its new eco-friendly electric bicycles, on August 11.

The introduction of the state-of-the-art bicycles was also accompanied by the incorporation of a new subsidiary, SMA Krate. Moreover, the product was the result of a joint venture with Flaunt Electric Vehicles. The aim of the joint venture was to strengthen both the companies, with a dedicated approach to capitalize on a new revolutionary industry. It is surprising to see SMAA decline after the encouraging news, but it can be safe to assume that the company’s month long silence was largely to blame.

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