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If you are currently looking into innovative companies involved in new age industries then it may be the right time to start tracking the Triad Pro Innovators (OTCMKTS:TPII) stock. As it happens, the company was actually in focus on Wednesday following a key announcement, and investors could do well to take a look into it.
Results Show Unit Able to Deliver Combined Fuel and Maintenance Cost Savings of 90%
The company announced yesterday that the independent testing results for the EEL Diesel Hybrid Genset had actually proven to be better than expected. It goes without saying that the announcement was a significant one for Triad Pro and it is going to be interesting to see how the market reacts to the news in the coming days.
The product is going to be delivered to Syncrude on March 1 this year and up until then, Triad Pro is going to be involved in conducting more demonstrations. Following that, the company is going to conduct another test ahead of the delivery date. It might be good now for investors to perhaps take a look at some of the details with regards to the test that had been conducted on the EEL Diesel Hybrid Genset. The independent testing of the product had been conducted by the firm Frontier Power Products, which is based out of Canada.
The test displayed that the EEL Diesel Hybrid Genset could handle the test load consistently for 16 hours from just an hour of diesel operation. Hence, it was quite clear that the results from the tests were successful.
The Chief Executive Officer of the company Murray Goldenberg spoke about the development as well. He stated that everyone at the company was pleased with the results that had come in from the tests done by Frontier. He went on to add that the fact that the EEL Diesel Hybrid Genset could sustain the test load for 16 hours was particularly impressive since Triad Pro had originally estimated that it would be able to sustain for only 12 hours.