North Randall, Ohio, July 28,2017, Novacab International Inc (NVOB PinkSheets) announces that, following the approval of FINRA, the corporate name has been changed to Global Pole Trusion Group Corp with trading symbol GPGC.
The Company adds that there is no modification to its share structure and no reverse split was requested.
Its website is being updated under: www.globalpoletrusiongroup.com.
The Company developed the technology which provides for the design and manufacture of composite electrical distribution poles, telecommunication poles, solar/wind technology poles and self supported towers. This is an innovated solution having a superior value by replacing wood and steel products.
Ramiro Guerrero, president, explains his mission, “As the world hungers for more and better Wi-Fi communication, renewable energy from wind and solar technology, better and longer lasting lighting with LED, cameras to keep an eye on an ever changing world, electric charging stations for the cars and highways of the future, our smart poles encompasses all of these solutions in ONE smart pole. These proven and tested solution poles set us in a league of our own, creating massive international interest as will be communicated in the coming weeks and months.”
The technology was developed over a period of ten years in collaboration with the University of Sherbrooke and the National Research Council of Canada. The directors of the development program are board members (www.globalpoletrusiongroup.com/team) with stellar expertise in both technology and business.
Global PoleTrusion Group Corp also created two divisions within its operations:
Poletrusion Canada is the engineering division which creates the latest state of the art products based on the needs of its clients. The products are now in the process of homologation with Bell Canada and Hydro One in Ontario. The company is also part of the Chair at the University of Sherbrooke; Dr Benmokrane, a director of the Chair, is part of the technical board at GPGC.
Poletrusion USA is the North American fabrication division. This division includes Martin Global Poletrusion (www.martinpultrusion.com) which has over 40 years experience in the pultrusion industry. Its expertise and equipment allows for the manufacturing of all machinery, tooling and equipment in the United States.
Poletrusion Marketing Group acts as the marketing representative of its products.
The technology has now reached a mature level and obtained homologation from many countries and awaits homologation from many others. There is a worldwide interest in the products, which resulted in the awarding of upcoming lucrative contracts in the field of the distribution of electricity. In the following weeks the Company shall keep its shareholders informed as to all developments.
About Global PoleTrusion Group Corp
GPGC serves the needs of utility companies, providing utility posts that outperform all those composed of steel, wood and concrete; these are stronger, lighter, easier to install and environmentally safe.
GPGC is at the forefront of providing creative, effective, state of the art solutions addressing the latest needs such as LED light poles powered by solar and wind technologies. They may be placed on or off grid and provide light, electricity, Wi-Fi connection with camera access.
PoleTrusion Canada is the engineering division that developed the pultrusion technology as it applies to innovative designs for various structures according to specific designs required by its customers.
PoleTrusion USA is the manufacturing division situated near Cleveland, Ohio. It is formed with Martin Pultrusion (www.martinpultrusion.com) which has over 40 years experience in the pultrusion industry.
Novacab’s technologies are based on patent protected research developed for thermal storage of electricity that is created from the flow of heat. These systems convert heat into electricity which can be stored for future use.
This news release contains « forward-looking statements, » as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.