The Marketing Minute: Marketing With Layers
The Right Approach: Electro-Tek—A Williams Family Legacy, Part 1
It’s Only Common Sense: If You’re Not Differentiated, You’re Dead
Viper Networks Completes Acquisition for EcoTech Solutions
February 25, 2022 | Globe NewswireEstimated reading time: 1 minute
Viper Networks, Inc., an emerging international company in the LED lighting products and Smart City applications and integrated systems markets, is pleased to announce that the Company has officially acquired 100% of EcoTech Solutions, Inc. of Sheridan, Illinois with the issuance of restricted preferred shares this week.
The Company’s acquisition price of $1.7 Million U.S. was paid by issuing two separate Viper Networks certificates equaling $850,000 each based on two different share price amounts. One certificate shows 42.5 million restricted preferred shares based on a stock valuation of $0.02 per share, while the other certificate states 187.5 million restricted preferred shares based on a $.0045 price.
With this acquisition, Viper is reducing overall component and product cost, while significantly expanding the company’s product portfolio. Notably, the Company will also have full component level repair and refurbish capabilities for nearly all Industrial electronic and electrical equipment.
As a fully owned profitable subsidiary of Viper Networks, EcoTech’s revenue and earnings numbers along with an accounting of all inventory and assets will be featured in the Company’s first quarterly financial filing for the period ending March 31, 2022.
Viper Networks CEO, Farid Shouekani, stated: We are very excited about concluding this acquisition. EcoTech is already paying dividends as we ramp-up our Smart City manufacturing, testing and distribution efforts for deployment throughout the Greater Chicago area. But this is just one piece of a much larger puzzle we are methodically putting together for our growing list of global partners and business relationships.”
Shouekani continued: “In fact, it is from our recent success for new business with relationship building efforts worldwide, in both the private and public sectors, that we are poised to educate the market and our shareholders again and again shortly. For the Company, our aim is high and our reach is far, but our primary goal is profitability. Today, with the acquisition news of EcoTech Solutions… Viper Networks became more profitable.”
Share on:
Testimonial
"In a year when every marketing dollar mattered, I chose to keep I-Connect007 in our 2025 plan. Their commitment to high-quality, insightful content aligns with Koh Young’s values and helps readers navigate a changing industry. "
Brent Fischthal - Koh YoungSuggested Items
Firefly Aerospace Announces Strategic Acquisition of SciTec to Advance National Security Capabilities
10/07/2025 | Firefly AerospaceFirefly Aerospace, a market leading space and defense technology company, has entered into a definitive agreement to acquire SciTec, Inc., a leader in advanced national security technologies, for approximately $855 million through a combination of $300 million in cash and $555 million in Firefly shares issued to SciTec owners at a price of $50 per share.
High-Tech Hill Technology Park Opens: Four New Factories Launched
09/26/2025 | TeltonikaThe ambitious vision announced in late 2020 to build a world-class technology park in Liepkalnis, Vilnius, has become a reality. AGP Investments, led by entrepreneur Arvydas Paukštys, together with high-tech leaders Teltonika and TLT, today inaugurated four new factories at the Vilnius High-Tech Hill Technology Park.
U.S. Manufacturing Jobs Decline Amid Tariffs and Immigration Crackdown
09/17/2025 | I-Connect007 Editorial TeamManufacturers in the U.S. are cutting jobs even as President Donald Trump pushes policies he says will revitalize the industry. Employers shed 12,000 manufacturing jobs in August, while payrolls in the sector have fallen by 42,000 since April, according to a new analysis from the Center for American Progress (CAP) based on government labor data.
Defense Speak Interpreted: If CHIPS Cuts Back, What Happens to Electronics Packaging Funds?
09/02/2025 | Dennis Fritz -- Column: Defense Speak InterpretedIn my May column, I examined the topic of the CHIPS Act and its current status as a U.S. government program. I found that CHIPS activities continue, but some corporations have delayed or canceled them because of budget cuts or corporation-specific problems. However, CHIPS integrated circuits—mostly administered by the Department of Commerce—don’t fully drive the electronics interconnection activity being funded by the government. Let’s cover the progress/status of other programs:
Ecolab to Acquire Ovivo’s Electronics Ultra-Pure Water Business
08/15/2025 | EcolabEcolab Inc. has entered into a definitive agreement to acquire Ovivo’s Electronics business, a leading and fast-growing global provider of breakthrough ultra-pure water technologies for semiconductor manufacturing.