IDS Industries Inc: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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IDS Industries Inc Signs Letter of Intent to Acquire Charge! Energy Storage Inc
IDS Industries Inc announced the signing of a Letter of Intent to acquire Charge! Energy Storage Inc The Company plans to have Charge! operate as a wholly owned subsidiary and deem the acquisition of Charge!, its manufacturer for Energy Storage devices, as a strategic move to consolidate common efforts and systematically drive the Company's development of Energy Storage. Charge! will assume the responsibility to commercialize the patent-pending battery management and charge controller system (BMCCS) in beta testing and the expansion of its portable Energy Storage systems utilizing lithium iron phosphate chemistries and renewable energy recharge capabilities.
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