Exhibit 10.1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
June 7, 2021
Date of Report
(Date of earliest event reported)
OZOP ENERGY SOLUTIONS, INC.
(Exact name of registrant as specified in its charter)
| Nevada | 000-55976 | 35-2540672 | ||
|
(State or other jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
26 N. Main St.
Florida, NY 10921
(Address of principal executive offices, including zip code)
(845) 544-5112
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| [ ] | Written communications pursuant to Rule 425 under the Securities Act |
| [ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act |
| [ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act |
| [ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
| None | N/A | N/A |
Item 1.01 Entry into a Material Definitive Agreement.
On June 7, 2021, the Company entered into a Referral Program Agreement (the “Agreement”) with Brainbox AI Inc., a Canadian company (“Brainbox”). Under the terms of the Agreement, Brainbox shall pay the Company a quarterly referral fee of recurring revenue of any customer referred to Brainbox by the Company. The fees paid by Brainbox to the Company shall be ten percent (10%) for the first year, ten percent (10%) for the second year, five percent (5%) for the third year and five percent (5%) for the fourth year. The Agreement shall be for a term of one (1) year and shall automatically renew for successive one-year terms unless terminated by either party by providing the other with thirty (30) days written notice prior to the end of the initial terms of the then-current renewal term.
The foregoing information is a summary of the Agreement described above, is not complete, and is qualified in its entirety by reference to the full text of the Agreement, which is attached as Exhibit 10.1 to this Current Report on Form 8-K. Readers should review the Agreement for a complete understanding of the terms and conditions of the transaction described above.
Item 7.01 Regulation FD Disclosure.
The Company issued press releases on June 7, 2021 and June 9, 2021. A copy of the press releases issued by the Company are attached as Exhibits 99.1, 99.2, and 99.3 to this Current Report on Form 8-K, which are incorporated by reference solely for purposes of this Item 7.01 disclosure.
Exhibits 99.1, 99.2, and 99.3 contain forward-looking statements. These forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed in these forward-looking statements.
The information set forth under this Item 7.01, including Exhibits 99.1, 99.2, and 99.3 is being furnished and, as a result, such information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit Number | Description | |
| 10.1 | Referral Program Agreement dated June 7, 2021 | |
| 99.1 | Press Release dated June 7, 2021 | |
| 99.2 | Press Release dated June 9, 2021 | |
| 99.3 | Press Release dated June 9, 2021 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: June 11, 2021
| OZOP ENERGY SOLUTIONS, INC. | ||
| By: | /s/ Brian Conway | |
| Name: | Brian Conway | |
| Title: | Chief Executive Officer | |
Exhibit 10.1
Exhibit 99.1
Ozop Energy OZSC Signs Agreement with BrainBox AI
New Smart Building Technology Set to Reduce Emissions and Energy Waste in
Commercial Real Estate
WARWICK, NY, June 7, 2021 – Ozop Energy Solutions (OZSC), (“Ozop” or the “Company”), has announced its wholly owned subsidiary Ozop Energy Systems has entered into an agreement with BrainBox AI to explore opportunities to introduce its self-adapting artificial intelligence technology to the Company’s customers in the greater New York metropolitan area.
With Ozop expanding its reach as a recently approved PowerReady contractor with the Joint Utilities of New York, it will begin referring BrainBox AI’s autonomous AI technology to proactively optimize one of the world’s largest energy consumers and greenhouse gas emitters: Buildings. It is often unperceived that one of the leading contributors of energy usage comes from buildings’ Heating, Ventilation, and Air Conditioning (HVAC) systems. In fact, 45% of commercial buildings’ energy consumption comes from HVAC, of which 30% is usually wasted. Using deep learning, cloud-based computing, and a proprietary process, BrainBox AI’s deep learning engine autonomously and granularly optimizes existing HVAC systems in real time for maximum impact on energy consumption, carbon footprint and building operations.
“Since first reading about BrainBox AI in Time Magazine last year as one of the Best Inventions of 2020, I have been eager to offer its game-changing technology to our customers,” stated Brian Conway, CEO of Ozop Energy Solutions, Inc. “We will initially refer their solutions to building owners here in New York over the next few months, with the end goal to become a national reseller as we expand into new markets. Along with our (patent pending) Neo-Grid technology, we wish to make a positive impact in our country’s energy transition challenges.”
For more information on OZSC please follow on the link, www.OzopEnergy.com.
For more information on BrainBox AI please follow on the link, www.brainboxai.com
Please be aware that our social media accounts can be used from time to time for additional material events.
https://twitter.com/OzopEnergy
https://www.facebook.com/OzopEnergy/
The Waypoint Refinery (discord.com)
About Ozop Energy Solutions.
Ozop Energy Solutions (http://ozopenergy.com/) invents, designs, develops, manufactures, and distributes ultra-high-power chargers, inverters, and power supplies for a wide variety of applications in the defense, heavy industrial, aircraft ground support, maritime and other sectors. Our strategy focuses on capturing a significant share of the rapidly growing renewable energy market as a provider of assets and infrastructure needed to store energy.
About Power Conversion Technologies, Inc.
Power Conversion Technologies, Inc. (www.pcti.com) invents, designs, develops, manufactures, and distributes standard and custom power electronic solutions. Founded in 1991 and located in East Butler, Pennsylvania, the Company’s mission is to be the global leader for high power electronics with a standard of continued innovation.
About Ozop Energy Systems, Inc.
Ozop Energy Systems is a leading Manufacturer and distributor of Renewable Energy products in the Energy Storage, Solar, Microgrids, and EV charging Station space. We are always among the first to receive the newest technology, products, and application techniques. We offer a broad portfolio of Renewable Energy products at competitive prices with a commitment to customer satisfaction from selection, to ordering, shipping, and delivery.
Safe Harbor Statement
“This press release contains or may contain, among other things, certain forward-looking statements. Such forward-looking statements involve significant risks and uncertainties. Such statements may include, without limitation, statements with respect to the company’s plans, objectives, projections, expectations and intentions and other statements identified by words such as “projects,” “may,” “will,” “could,” “would,” “should,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “potential” or similar expressions. These statements are based upon the current beliefs and expectations of the company’s management and are subject to significant risks and uncertainties, including those detailed in the company’s filings with the Securities and Exchange Commission. Actual results may differ significantly from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the company’s control). The company undertakes no obligation to publicly update any forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law.”
###
Media Relations Contact
For Ozop Energy Solutions
Brian Hyland
Rubenstein Public Relations
212-805-3055
bhyland@rubensteinpr.com
Investor Relations Contact
The Waypoint Refinery, LLC
845-397-2956
www.thewaypointrefinery.com
Exhibit 99.2
Ozop Energy OZSC Executes Letter of Intent with Real Estate Investment Fund
WARWICK, NY, June 9, 2021 – Ozop Energy Solutions (OZSC), (“Ozop” or the “Company”), has announced its wholly owned subsidiary Ozop Energy Systems has entered into a Letter of Intent with a NYSE real estate investment fund..
The agreement is designed to explore property for twelve locations in New York and one in New Jersey for the immediate development of Battery Storage and EV Charging Stations. Also included in the agreement is a viability study for the implementation of “BrainBox AI’s AI-driven energy optimization solution on existing HVAC (Heating, Ventilation and Air Conditioning) equipment for over 200 properties nationwide.
It is important to note that our client is an equity real estate investment fund owning and managing high value commercial properties in multiple states. Many of their assets have existing Building Management System (BMS) solutions but most were not designed for the increasing government demand for further cuts to the commercial carbon footprint. There is a strong focus on energy reduction from the building envelope of many of our large commercial clients however, we are focused on delivering long-term, profitable energy reductions through technologies and software that do not interfere with the existing BMS technologies.
This particular client understands the value of software driven reductions and is putting its commitment on the table. Smaller carbon footprint is a win for all and OZOP delivers.
“All buildings in New York City are beginning to develop long term energy and carbon reduction strategies to comply with Local Law 97,” stated Brian Conway, CEO of Ozop Energy Solutions, Inc. “This law, the most ambitious in the world to tackle emissions from existing buildings, impacts over 57,000 buildings across the city with the goal of reducing building-based emissions 40%. Ozop Energy Systems is committed to providing solutions to make a positive impact in our country’s energy transition challenges.”
For more information on OZSC please follow on the link, www.OzopEnergy.com.
Please be aware that our social media accounts can be used from time to time for additional material events.
https://twitter.com/OzopEnergy
https://www.facebook.com/OzopEnergy/
The Waypoint Refinery (discord.com)
About Ozop Energy Solutions.
Ozop Energy Solutions (http://ozopenergy.com/) invents, designs, develops, manufactures, and distributes ultra-high-power chargers, inverters, and power supplies for a wide variety of applications in the defense, heavy industrial, aircraft ground support, maritime and other sectors. Our strategy focuses on capturing a significant share of the rapidly growing renewable energy market as a provider of assets and infrastructure needed to store energy.
About Power Conversion Technologies, Inc.
Power Conversion Technologies, Inc. (www.pcti.com) invents, designs, develops, manufactures, and distributes standard and custom power electronic solutions. Founded in 1991 and located in East Butler, Pennsylvania, the Company’s mission is to be the global leader for high power electronics with a standard of continued innovation.
About Ozop Energy Systems, Inc.
Ozop Energy Systems is a leading Manufacturer and distributor of Renewable Energy products in the Energy Storage, Solar, Microgrids, and EV charging Station space. We are always among the first to receive the newest technology, products, and application techniques. We offer a broad portfolio of Renewable Energy products at competitive prices with a commitment to customer satisfaction from selection, to ordering, shipping, and delivery.
Safe Harbor Statement
“This press release contains or may contain, among other things, certain forward-looking statements. Such forward-looking statements involve significant risks and uncertainties. Such statements may include, without limitation, statements with respect to the company’s plans, objectives, projections, expectations and intentions and other statements identified by words such as “projects,” “may,” “will,” “could,” “would,” “should,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “potential” or similar expressions. These statements are based upon the current beliefs and expectations of the company’s management and are subject to significant risks and uncertainties, including those detailed in the company’s filings with the Securities and Exchange Commission. Actual results may differ significantly from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the company’s control). The company undertakes no obligation to publicly update any forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law.”
###
Media Relations Contact
For Ozop Energy Solutions
Brian Hyland
Rubenstein Public Relations
212-805-3055
bhyland@rubensteinpr.com
Investor Relations Contact
The Waypoint Refinery, LLC
845-397-2956
www.thewaypointrefinery.com
Exhibit 99.3
Ozop Energy OZSC Continues Rollout of NeoGrid Modular EV Charging Network with $2,000,000 in Orders for 38 Charging Stations
WARWICK, NY, June 9, 2021 – Ozop Energy Solutions. (OZSC), (“Ozop” or the “Company”), today announced an order for 38 electric vehicle charging stations to be installed various locations in Brooklyn, NY, continuing their steps in developing a regional NeoGrid Modular Network (patent pending) that will spark a new generation of electrical supply, storage & distribution.
The orders, valued @ $2,000,000.00 pre-incentive, come through wholly owned subsidiary Ozop Energy Systems, Inc. (OES) which calls for Twenty-Eight (28) dual port Level II Enel X Juice Pedestal chargers and Ten (10) Level III rapid chargers to be delivered and installed onto additional locations in Brooklyn, NY expanding on our May 12th press release. These projects are overseen by OES’s East Coast office under our Head of Business Development, Alan Sosis.
“This announcement is not just about an order for individual charging stations,” said Brian Conway, CEO of Ozop Energy Systems. “This puts in motion our plan to eliminate the municipal grid or keep it as a luxury supplier instead of a necessary supplier of energy for electric vehicles.”
“As these systems are deployed,” he added, “we are increasing our network which, modular by design, can be deployed in days not months or even years in many urban areas, and we plan to expand to other markets in the near future.”
For more information on OZSC please follow on the link, www.OzopEnergy.com
Please be aware that our social media accounts can be used from time to time for additional material events.
https://twitter.com/OzopEnergy
https://www.facebook.com/OzopEnergy/
The Waypoint Refinery (discord.com)
About Ozop Energy Solutions.
Ozop Energy Solutions (http://ozopenergy.com/) invents, designs, develops, manufactures, and distributes ultra-high-power chargers, inverters, and power supplies for a wide variety of applications in the defense, heavy industrial, aircraft ground support, maritime and other sectors. Our strategy focuses on capturing a significant share of the rapidly growing renewable energy market as a provider of assets and infrastructure needed to store energy.
About Power Conversion Technologies, Inc.
Power Conversion Technologies, Inc. (www.pcti.com) invents, designs, develops, manufactures, and distributes standard and custom power electronic solutions. Founded in 1991 and located in East Butler, Pennsylvania, the Company’s mission is to be the global leader for high power electronics with a standard of continued innovation.
About Ozop Energy Systems, Inc.
Ozop Energy Systems is a leading Manufacturer and distributor of Renewable Energy products in the Energy Storage, Solar, Microgrids, and EV charging Station space. We are always among the first to receive the newest technology, products, and application techniques. We offer a broad portfolio of Renewable Energy products at competitive prices with a commitment to customer satisfaction from selection, to ordering, shipping, and delivery.
Safe Harbor Statement
“This press release contains or may contain, among other things, certain forward-looking statements. Such forward-looking statements involve significant risks and uncertainties. Such statements may include, without limitation, statements with respect to the company’s plans, objectives, projections, expectations and intentions and other statements identified by words such as “projects,” “may,” “will,” “could,” “would,” “should,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “potential” or similar expressions. These statements are based upon the current beliefs and expectations of the company’s management and are subject to significant risks and uncertainties, including those detailed in the company’s filings with the Securities and Exchange Commission. Actual results may differ significantly from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the company’s control). The company undertakes no obligation to publicly update any forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law.”
###
Media Relations Contact
Brian Hyland
Rubenstein Public Relations
212-805-3055
bhyland@rubensteinpr.com
Investor Relations Contact
The Waypoint Refinery, LLC
845-397-2956
www.thewaypointrefinery.com