INCL - Sub Play - Showing Strength
Well here is another stock that is just starting to run. INCL released news today and saw decent volume come into the stock. Still at the early stages of a breakout here in my opinion. Currently .0002 x .0003 - Could be an exciting play; today's news is below:
In-Control Security, Inc. Subsidiary Cal-Bay Controls Signs Letter of Intent for Patent-Pending Diesel Engine Hydrogen Retrofit Equipment
2009-02-24 09:00 ET - News Release
TUSTIN, Calif., Feb. 24, 2009 (GLOBE NEWSWIRE) -- Cal-Bay Controls, a subsidiary of In-Control Security, Inc., (Pink Sheets:INCL) has signed a Letter of Intent to enter into a distribution agreement with a privately owned California based manufacturer of Hydrogen Generator products for the new "green" energy industry. These products are designed for new or retrofit installations on commercial diesel engines, and provide both energy efficiency improvements and significant emissions reductions.
Robert J. Thompson, President of In-Control Security, Inc commented, "We are extremely satisfied with the signing of this Letter of Intent, which is the first step in our negotiations to acquire distribution rights of this patent-pending retrofit technology which has tremendous potential for use on diesel trucks, construction equipment, stationary combustion sources, marine engines, and many other applications. California is leading the nation in requiring reduced emissions from diesel engines, and we believe that the rest of the nation will soon follow with similar requirements, and we plan to be a leader in the development of new technology to meet these requirements."
The announcement of the company name of the manufacturer of this new technology must remain confidential under the terms of the NDA (non disclosure agreement) until all documentation is fully finalized. Additional news related to this Letter of Intent and the Company's growth plans will be released in the near future.
Last edited by nitrostockz; 02-24-2009 at 11:23 PM.
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