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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
May
12, 2022
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.) |
42
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
7.01 Regulation FD Disclosure.
The
Company issued press releases on May 12, 2022 and May 13, 2022. A copy of the press releases issued by the Company are attached as Exhibits
99.1 and 99.2 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 and 99.2 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 and 99.2, 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.
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:
May 18, 2022
| |
OZOP
ENERGY SOLUTIONS, INC. |
| |
|
|
| |
By: |
/s/
Brian Conway |
| |
Name: |
Brian
Conway |
| |
Title: |
Chief
Executive Officer |
Exhibit
99.1
Ozop
Energy Solutions, Inc. to Purchase $11 Million in Solar Panels to Meet Demand
Florida,
NY, May 12, 2022 - - (GLOBE NEWSWIRE) Ozop Energy Solutions. Inc. (OZSC), is pleased to announce that its subsidiary Ozop Energy
Systems, Inc. (“OES”) has issued purchase orders committing to purchasing approximately $11 million in solar panels. The
Company has already put down as deposits over $1.7 million in order to secure the delivery and will be making additional deposits prior
to delivery. Approximately $6 million of the product is expected to arrive by August 2022, with the remaining $5 million forecasted to
arrive in November 2022.
The
solar industry has been in the news quite a bit for more than the last six months. Due to Covid related matters in all corners of the
world, factory production has had to endure periodic forced temporary shutdowns, and we are all well aware of the shipping and port situations
that continued to affect the unloading, clearing and delivery of many products. Based on these conditions, OES has taken the initiative
with suppliers to secure the delivery of solar panels. Our customer demand also remains strong, as many installers and retailers are
well aware of these issues and want to secure product for their business.
An
announcement by the U.S. Department in March 2022, stated it would investigate allegations that solar panel manufacturers in Southeast
Asia are using Chinese-made parts and evading U.S. tariffs has raised alarms concerning both trade and environmental policy. The department
announced March 28, that it would investigate claims by a California-based solar panel manufacturer that solar energy equipment manufacturers
in Cambodia, Malaysia, Thailand and Vietnam have close business ties to companies in China that produce the raw materials and some components
of solar panel assemblies.
OES’s
first quarter revenues were approximately $2.9 million. Based on the above and the Company’s current on-hand inventory, management
anticipates similar to slightly higher quarterly sales results for the second and third quarter of 2022 as experienced in the first quarter,
and a significant increase in the fourth quarter of 2022.
“In
addition to the above purchase orders, we are working with all of our vendors to secure more product this year and into Q1, 2023”,
stated Christopher Serna, Director of Sales for Ozop Energy Systems. “While we are not entirely sure how much in additional product
we can obtain in this climate, we have deep rooted relationships with vendors that we have worked with almost a decade. The addition
of these large PO’s is allowing us to solidify multi-Megawatt forecasts from customers that we would otherwise not have access
to.”
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
Ozop Energy Systems, Inc.
Ozop
Energy Systems is a manufacturer and distributor of Renewable Energy products in the Energy Storage, Solar, Microgrids, and EV charging
Station space. 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.
About
Ozop Engineering and Design
Ozop
Engineering and Design engineers’ energy efficient, easy to install and use, digital lighting controls solutions for commercial
buildings, campuses, and sports complexes throughout North America. Products include relays panels, controllers, occupancy/vacancy sensors,
daylight sensors and wall switch stations. Ozop has a dedicated design team that produces system drawings and a technical support group
for product questions and onsite system commissioning. Our mission is to be recognized for our deep understanding of power management
systems and ability to provide the right solution for each facility.
www.ozopengineering.com
About
Ozop Capital Partners
Ozop
Capital Partners, Inc. is a majority owned subsidiary of the Company, and wholly owns EV Insurance Company, Inc. (“EVIC”).
EVIC, DBA Ozop Plus is licensed as a captive insurer that reinsures.
https://twitter.com/OzopEnergy
https://www.facebook.com/OzopEnergy/
The
Waypoint Refinery (discord.com)
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 as a result of new information, future events
or otherwise, except as required by applicable law.”
Investor
Relations Contact – Ozop
The
Waypoint Refinery, LLC
845-397-2956
www.thewaypointrefinery.com
Exhibit
99.2
Ozop
Energy Solutions, Inc. Attending Agent Summit 2022 Conference beginning May 15 in Las Vegas
Ozop
Plus is Reinsurance Symposium Premier Sponsor
Florida,
NY, May 13, 2022 - - (GLOBE NEWSWIRE) Ozop Energy Solutions. Inc. (OZSC), is pleased to announce that its subsidiary EV Insurance
Company, Inc. DB Ozop Plus will be attending The Agent Summit Conference in Las Vegas May 15th-18th. The Agent
Summit Conference is created by people who recognize that general agents have a unique role in selling and purchasing of vehicles. It
is the only event in the industry that is designed specifically by agents for agents, the backbone helping auto dealers drive their profitability.
Ozop
Plus sponsoring the Reinsurance Symposium will allow the Company to kick-off and introduce itself of becoming the battery reinsurer of
electric vehicles (“EV’s”) in the vehicle service contract (“VSC”) industry. Brian Conway, CEO of OZSC
stated “Ozop Plus has a two-fold purpose in attending the conference, the first of which is to meet with insurers who have either
not designed a VSC that covers the battery, or where their existing coverage lacks the clarity that consumers are looking for. Ozop Plus
through its independent professional actuarial firm has developed a methodology that allows us to be comfortable with the risk of reinsuring
the battery, by far the most expensive part of the EV. The second purpose of going to the conference, is to meet with agents to expand
the sales and marketing of the Ozop Plus white-label product. We will be represented by key team members at the event.”
Richard
Colton, Ozop Plus Vice President of Product Development stated “Based on our expertise in battery technology and knowledge of the
re-purposing and monetization of a damaged battery, Ozop Plus has developed our reinsurance program to allow other insurers to cede their
risk of potential losses regarding the battery to us.”
The
actuarial firm engaged by Ozop Plus worked with OZSC and utilized the Company’s experience and expertise in battery technology
as well as in energy storage systems in developing the anticipated risks of reinsuring the battery.
Anthony
Lucidi, Ozop Plus Vice President of Sales and Marketing, stated “We are very much looking forward to this event and to meet potential
distribution partners as our agents, that have the necessary key relationships with car dealers as well as the Finance and Insurance
employees of the dealership. We believe our white-label product will be best in class and give the most “peace of mind” to
an EV purchaser.”
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
Ozop Energy Systems, Inc.
Ozop
Energy Systems is a manufacturer and distributor of Renewable Energy products in the Energy Storage, Solar, Microgrids, and EV charging
Station space. 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.
About
Ozop Engineering and Design
Ozop
Engineering and Design engineers’ energy efficient, easy to install and use, digital lighting controls solutions for commercial
buildings, campuses, and sports complexes throughout North America. Products include relays panels, controllers, occupancy/vacancy sensors,
daylight sensors and wall switch stations. Ozop has a dedicated design team that produces system drawings and a technical support group
for product questions and onsite system commissioning. Our mission is to be recognized for our deep understanding of power management
systems and ability to provide the right solution for each facility.
www.ozopengineering.com
About
Ozop Capital Partners
Ozop
Capital Partners, Inc. is a majority owned subsidiary of the Company, and wholly owns EV Insurance Company, Inc. (“EVIC”).
EVIC, DBA Ozop Plus is licensed as a captive insurer that reinsures.
https://twitter.com/OzopEnergy
https://www.facebook.com/OzopEnergy/
The
Waypoint Refinery (discord.com)
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 as a result of new information, future events
or otherwise, except as required by applicable law.”
Investor
Relations Contact – Ozop
The
Waypoint Refinery, LLC
845-397-2956
www.thewaypointrefinery.com