As part of the agreement with Intelligent Power, Red Branch Technologies will own 47.5% of the JV company with Intelligent Power Solutions holding a 47.5% ownership of Green Box Solutions as well.
Jeff Sirianni, CEO of Red Branch Technologies, said: “The new partnership with Intelligent Power Solutions gives us the ability to form a dynamic, cutting edge company focused on a specific energy sector which we believe will generate tremendous value for all involved.
“We will announce more information on Green Box over the coming weeks which will give shareholders insight on the new company, our strategy for growth and how it will be uniquely positioned.”
Red Branch Technologies provides energy-powered solutions to meet commercial, industrial, municipal and federal requirements for site security, materials control, emergency communications, water purification and similar on-site applications.
