Deal announced Dec 2021 Verified
Eco Innovation Group Signs LOI to Acquire Cooling Technology from Keith E. Prime
Eco Innovation Group, Inc. has signed a Letter of Intent to acquire proprietary cooling and alcohol dispensing technology from inventor Keith E. Prime. The deal involves forming a new operating subsidiary that would acquire 100% of the right and title to Prime's technologies in exchange for equity and profit-sharing considerations.
“Eco Innovation Group, Inc., an innovative company developing new technologies for green energy solutions, is excited to announce the signing of a Letter of Intent with Keith E. Prime, the inventor of technologies with applications for the air conditioning industry. The LOI outlines key concepts toward a proposed acquisition by the Company of Prime's proprietary cooling and alcohol dispensing technology.”
Entities
Eco Innovation Group, Inc. · Acquirer Keith E. Prime · Target
HVACRefrigeration Sentiment: Positive
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