Bravatek Solutions Inc (OTCMKTS:BVTK) was recently on our radar with some strong partnership news. BVTK inked some work with Dark Pulse Technology Holdings. The latter offers a full suite of engineering, installation, and security management solutions to industry and government. Now, BVTK announced that Dark Pulse has issued a PO to BVTK. This is good news for the company but market reaction has been mixed.
BVTK has received a PO from DPT related to a project DPT is currently negotiating to bring DPT’s technology to Eastern Europe. DPT’s project, if successful, should represent the first segment of a multi-year monitoring agreement totalling more than $106 million for DPT and using DPT’s patented distributed fiber-optic sensing technology.
Bravatek Solutions Inc (OTCMKTS:BVTK) bills itself as a high technology security solutions portfolio provider that assists corporate entities, governments and individuals protect their organizations against both physical and cyber-attacks through its offering of the most technically advanced, cost-effective and reliable software, tools and systems.
Along with its “lock down” capability to prevent virus, spam, phishing attacks and the attacks proliferated by malware, BVTK also delivers a powerful employee education program to ensure each and every employee is properly trained and educated on how to spot cyber-attacks and how to avoid them
According to company materials, “Bravatek Solutions, Inc. is a high technology security solutions portfolio provider that assists corporate entities, governments and individuals protect their organizations against both physical and cyber-attacks through its offering of the most technically-advanced, cost-effective and reliable software, tools and systems. Through innovation, we answer the market’s demand for new perspectives and fresh thinking for today’s security challenges.”
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Dr. Thomas A. Cellucci, Bravatek’s Chairman & CEO, commented: “Our partnership with DarkPulse Technologies allows us to rapidly execute our joint strategy to expand operations into the ever-increasing Critical Infrastructure/Key Resource (CI/KR) markets, an important priority of worldwide governments, as well as private sector owners/operators of CI/KR (who own a majority of CI/KR).”
Mr. Dennis O’Leary, CEO of DarkPulse, commented: “After seeing how effective Bravatek is as a strategic partner, we decided to join forces in a substantive way to accelerate our mutual growth.”
There is no guarantee that DPT’s efforts will be successful, or that BVTK will earn any revenue as a result of the PO, and BVTK invites shareholders to review the Current Report on Form 8-K filed with the SEC on October 11, 2017, for additional details regarding the PO.
Currently trading at a market capitalization of $45.13M, BVTK continues to make strong deals that could pay off considering the limited float size here. However, the company’s cash is limited so it would be nice to see some quality gains here. As we have said before, taking the next step might depend on the company growing revenues and paying off some debt. Either way, we consider BVTK a stock to watch. Sign-up for continuing coverage on shares of $BVTK stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: We hold no position in $BVTK, either long or short, and we have not been compensated for this article.