TPT Global Tech Inc (OTCMKTS:TPTW) Stock On Watchlist After Recent Development

R&D company specialising in the development of sustainable technologies to create unique systems for buildings, GloGreen Global LLC, on May 10, 2022, confirmed on partnering with master-lead developer TPT Global Tech, Inc (OTCMKTS:TPTW). The partnership will be for constructing a “Smart City” multi-purpose business park in Tuskegee, Alabama.

Market Stats

On Tuesday, TPTW stock gained 0.56% to $0.0071 with 2.60 million shares, compared to its average volume of 2.98 million shares. The stock moved within a range of $0.0067 – 0.0082 after opening trading at $0.0078.

GloGreen will be working with TPT to have the first factory funded through its Initial Coin Offering. TPT and GloGreen are in negotiations with the City Counsel of Tuskegee for the first 15-acre, which would be a part of the TPT Global Tech Smart City Master Plan. The state-of-the-art “Robotic Manufacturing” facility is likely to open by mid-2023 leading to the creation of more than five hundredhigh-paying jobs.

The proposed land part is adjacent to transportation hubs, including rail systems, an airport as well an I-85 corridor for supply chain management. The two firms will be collaborating on the “Smart City” infrastructure comprising renewable energy, new transportation capabilities as well as waste management technologies.

Angelo Farruggia, Founder of GloGreen Global strategy, said that the firm’s Global focus since the start has been to redefine the real estate development as well as technological capabilities. Farruggia added that the firm will be demonstrating the capability to make state-of-the-art facilities aiming to reinvent the world of construction as well as real estate.

Key Quote

“GloGreen Global’s focus since its inception has been on redefining real estate development and its technological capabilities,” said Angelo Farruggia, Founder of GloGreen Global strategy. “Together with TPT, we will be showcasing our ability to construct state-of-the-art facilities that aim to reinvent the world of construction and real estate while helping to bring jobs and a better economic future to Tuskegee.”

Traders Corner

TPTW stock is trading below the 20-Day and 50-Day Moving averages of $0.0087 and $0.0090 respectively. However, the stock is trading above the 200-Day moving average of $0.0151.

Jon Williams

Jon graduated from the University of Michigan with a degree in finance. He is an avid investor and enjoys reporting on the markets. When he is not in front of a computer he enjoys playing golf and watching basketball.