Fernhill Corp (OTCMKTS:FERN) Making Big Moves

In a year which saw Fernhill Corp (OTCMKTS:FERN) fall from $0.0084 to $0.0009, the recent cause of its surge to $0.0028 was only going to generate a lot of focus on the company and its recent announcements.In this article, we provide you information on Fernhill Corporation and the cause of this minor turnaround.Take a look at the stock’s price action: FERN Daily ChartCompany ProfileFernhill Corporation was founded in February 21, 1980 and is headquartered in Fountain Hills, AZ.Established in Nevada with operations in North America, Fernhill Corporation is currently focused on development, acquisitions and or partnerships in energy based sectored businesses. Fernhill Corporations core products are based in alternative powered products in the renewable energy and technology sectors.Fernhill Corp. also engages in natural resource project generation and royalty business. It also focuses on mining and resources sector.Recent DevelopmentsIn Dec. 14, 2017, Fernhill Corporation announced a $400K USD purchase order received from U.K. firm, Based Totally Sun Powered Limited to design and build an off-grid backup power supply system for bitcoin mining. These systems will be designed to provide bitcoin mining servers with a backup system that will incorporate fail safe capabilities.The initial presented purchase order consists of 10 units with a budgeted cost of $40K USD per unit. These units will be designed and built utilizing the Fernhill solar and battery storage systems.CEO Adam Kovacevic outlined that management was thrilled to receive the initial purchase order from UK based Totally Sun Powered Limited and they would immediately begin designing a turnkey battery backup and power generation solution that can be integrated into hardware currently dedicated for bitcoin mining operations.

"This purchase order officially marks the firm’s entry into the bitcoin mining server space where we there is a growing demand for off-grid power requirements."

He further explained that in the firm’s bid to position itself as a leader in providing services and solutions for the backup power requirements in bitcoin mining operations, management believed that the backup power storage and generation solutions couldsupport several other emerging markets where advanced off grid backup solutions would be required.In the same month, Fernhill reported that its patent application titled, ‘Capacitor-Lithium Hybrid Battery Energy Storage System, With System Management’ had been filed.The hybrid systems often provide improved flexibility to consumers in terms of stability, capacity, and thermal safety. The combination oftrusted technology, with refined balancing controls facilitates safe power storage.

CEO Adam Kovacevic was quoted saying, “An advanced Hybrid battery system can offer accelerate charging speeds, as well as higher current availability for the most demanding applications. We believe that future development of this technology could prove to have a significant impact on numerous diverse industries. Advanced hybrid storage systems are ideal but not limited to, electric vehicles, heavy equipment, emergency and portable power as well as UPS (uninterruptable power supplies) which are critical for computer systems and telecommunication equipment."Source

Fernhill's corporate objective is to develop and acquire new innovative technologies in the solar and battery management industries.Fernhill Corporation also has plan to create a defense fund to protect all of its patents using several financial tools. The company’s leadershipwill assess and select the most appropriate method available for protecting shareholder value and is willing to using alternative methods to avoid equity dilution and retain shareholder value.The firm has begun the process of appointing an independent third party to carry out a valuation for all the technologies owned. The third party would be expected to provide management a numerical valuation, issue a white paper and give management useful recommendation for commercial development into mature and emerging industries.Back in August, Fernhill Corporation) announced the development of a new power generation and storage prototype.The first design in a newly launched suite of products was a "P72" short for "Prototype 72”, designed to provide temporary off grid power backup for an entire family during blackouts or disasters. When grid power goes off-line by or during a natural disaster, the "P72" is designed to provide power, lighting and charging for the most essential equipment. The "P72" device is capable of providing adequate power for lighting, emergency equipment, cellular phones and emergency broadcast devices.The extremely durable "P72" design also allows for the device to be used as a recreational family product. The portability of the "P72" product allows for quick deployment and will give users the ability to have immediate off grid power generation. High powered outputs, multiple methods of charging and large battery capacities make the "P72" a perfect alternative to traditional gas-powered generation. The "P72" device will also integrate a design specific for export to several key countries in 2018. These selected countries will then have a viable solution where grid stability and affordable power options are not adequately available.Currently, the developed working prototypes are in the process of integrating several product improvements to ensure retail acceptance. The commercialization of the "P72" product line is now in the sights of the company moving forward. Production in an Arizonafacility is anticipated to commence in the 4^th quarter of 2017.Financial ResultsThe firm continued on its trend of net losses, recording a net loss of $16,000 a lot less than $0.37 million in 2015.The firm’s results also revealed short term debts which ran from the previous year.Its balance sheet is also highly geared with long term debts estimated to be worth over half of its total assets.ConclusionFernhill Corp has become a participant in an industry that is showing no signs of slowing down. Look for new stock highs sooner rather than later.We will be updating our subscribers as soon as we know more. For the latest updates on FERN, sign up below!Disclosure: We have no position in FERN and have not been compensated for this article.Image courtesy of Marco Verch via Flickr