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BPS initiates coverage on Independence Energy Corp (OTCMKTS:IDNG)

BPS initiates coverage on Independence Energy Corp (OTCMKTS:IDNG)
Written by
Aaron Smith
Published on
October 27, 2014
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Independence Energy Corp (OTCMKTS:IDNG) gained by nearly 5.2 percent during trading on 24th October. The surge in investor confidence in the stock preceded announcement by the firm that it is launching its distribution operations in North, Central, and South America.

Places Order For New Thermometers To Be Sold In Americas

The firm announced that it has placed orders to procure Thermofinder FS-700PRO Non-Contact Infrared Thermometer with manufacturers. The company anticipates receiving nearly 3000 units of these thermometers at its facility by November 10th as part of the first shipment. The rest of the shipments are expected to be staggered in order to manage logistics of assembly and delivery.

Initial 3000 Units To Be Delivered In First Week Of Nov

Independence Energy Corp(OTCMKTS:IDNG) has also underlined that the FS-700 and FS-700PRO thermometer models have already received U.S. Food and Drug Administration approval to be sold to professional healthcare providers in places like, “hospitals, clinics, physician offices, schools and government agencies.” It has also explained that the popular FS-700PRO model is being sold extensively across Europe and Asia.

Road Ahead – Differentiation

Looking ahead, it has drawn up a road map to increase its product bouquet in the later part of 2015, after it firms up its retail go to market model. The thermometer is being positioned as accurate and consistent equipment which has been designed to encourage “one handed operation.” It is also being positioned as a “hygienic no cross contamination/no virus” process enabling equipment, which is being sold at a very cost competitive price.

Company management have come out with a statement indicating that these thermometers would he first of the many medical devices that the firm hopes to launch in the Americas market over the next few quarters. Howard J. Taylor, Chairman of the Board, Chief Executive Officer at Independence Energy Corp (OTCMKTS:IDNG) has commented that, "Our strong relationship with our manufacturing partners ensures that we can keep up with the anticipated production demands."

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