Atlantic Power & Infrastructure Corp (OTCMKTS:AWSL) on October 5, 2022, announced the installation of a proprietary Flexi-Pave on Fremont Street. This would be for the continued appeal of the area and will benefit both visitors and residents.
On Wednesday, AWSL stock ended flat at $0.1020 with 124K shares, compared to a volume of 86K shares. The stock moved within a range of $0.0990 – 0.1020 after opening trade at $0.1020.
]Atlantic Power and Infrastructure Corp’s Flexi(R)-Pave Installed in the Iconic Fremont Street in Las Vegas, Nevada
Located north of Las Vegas Strip in Downtown Las Vegas, the street was the actual birthplace of the city. It is famous for block after block of the city’s most iconic neon signs as well as marquees adorning Las Vegas’ first casinos.
Flexi-Pave has been installed for welcoming guests each year. As the epicenter of nightlife in downtown Las Vegas, Flexi-Pave`s proprietary technology encourages the growth of tree’s roots to delve deeper and not reach up for moisture. Flexi-Pave prevents roots from buckling up sidewalks, making them safe for blending.
API’s CEO Kevin Bagnall said that in the last few years, the company has installed Flexi-Pave in several government facilities. The CEO added that the company is proud on witnessing increased word-of-mouth recommendations among governmental property management groups.
Bagnall also said that the number of facilities asking for the installation is leading to more orders. The CEO also said that the reduced maintenance and higher visual appeal make the installation more favored as compared to any other material or technology used for paving.
API’s CEO Kevin Bagnall stated; “Over the past many years we have installed Flexi®-Pave in numerous government facilities. We are proud of the fact that we are witnessing an increase in the word-of-mouth recommendations among governmental property management groups, who have benefitted from the Flexi®-Pave installations. As a result, the number of facilities calling us to install our proprietary Flexi®-Pave is resulting in more and more orders.
AWSL stock is trading above the 50-Day and 200-Day Moving averages of $0.10 and $0.09 respectively. Moreover, the stock is trading above the 20-Day moving average of $0.07. The company has a total market capitalization of $30.39 million.