LeapCharger Corporation (OTC:LCCN) Stock In Focus After Announcing Expansion Plan
As another trading week comes into focus among investors, there are going to be a lot of options for them to look into. One of the tried and tested strategies on Monday mornings is to look into companies that may have hit the news cycle the previous Friday. This past Friday, the electric vehicle charging company offering disruptive and innovative technologies named LeapCharger Corporation (OTC:LCCN) was in focus following a significant new announcement.
The company, known for its sustainable and eco-friendly offerings, announced on Friday that it had submitted a range of proposals for the strategic deployment of its electric vehicle charging stations all over Dubai. In its news release, the company noted that Dubai was a city that was associated with progress and innovation. The city had also made major steps towards attempting to usher in a greener and more sustainable future by way of a significant expansion in electric vehicle charging stations throughout the Emirate.
It’s all part of the Green Mobility Strategy 2030 initiative that has been put in place, which would promote the use of electric and hybrid cars in Dubai to cut down on carbon footprints. The Chief Executive Officer of LeapCharger, Praveenkumar Vijaykumar, spoke about the development as well. He noted that since the government in Dubai had made a commitment to a major rise in the number of electric vehicle charging stations, it had also thrown up a major opportunity for private players like LeapCharger.
In light of the development, the CEO revealed that the company had gone into talks with some of the major businesses and landowners in Dubai for the purpose of placing its electric vehicle charging stations in some of the specific locations in the city. He went on to note that the marketing strategy and installation of the electric vehicle charging stations in Dubai were both in alignment with Dubai’s aim to become a worldwide hub for electric vehicles. He concluded by noting that the stage was set for both expansion and profitability, and LeapCharger was going to take full advantage of the latest advantage.
On October 31, the company hit the news cycle after it announced that it had launched a digital marketing campaign on the social media platform Instagram. The company noted that the aim of the campaign was to establish brand recognition for LeapCharger and also boost awareness of its advanced electric vehicle charging products and services. The company noted that the campaign had been launched in light of the launch of its operations in the United States, India, and the United Kingdom.
Additionally, it was also announced at the time that LeapCharger was also going to work on the installation of its electric vehicle charging stations. The company went into collaboration with the dynamic marketing firm JZ Tech Agency LLC, based out of Dubai. It was revealed that JZ Tech would be responsible for providing complete social media marketing services to boost the presence of LeapCharger on Instagram.