Viper Networks Inc (OTCMKTS:VPER) Stock Extends Rally After Agreement with Viper Networks

Emerging international manufacturer of Smart Cities systems as well as LED Street Light products, Viper Networks Inc (OTCMKTS:VPER), on May 4, 2023, announced that the firm entered into a second agreement with Village of Justice, Illinois. Under the agreement, Viper will install Apollo Smart Light poles as well as Smart Lights throughout the village.

Trading Data

On Thursday, VPER stock rose 11.11% to $0.0005 with more than 1.54 million shares, compared to volume of 5.53 million shares. The stock moved within a range of $0.0004 – 0.0005 after opening trade at $0.0004.

The Village of Justice, Illinois Signs Agreement with Viper Networks for Apollo Smart Poles and LED Smart Lights

This is the second major project in the Greater Chicago area for the firm. In the first phase, the company will install ten smart poles and 225 LED smart streetlights. The company continues to win significant projects in Greater Chicago Metro Area as it looks to achieve 1,500 to 2,000 Smart LED Light poles and 6,4000 Smart Street Lights in the area by 2025.

The agreements come in line with the historic $1.2 trillion dollar Infrastructure Bill passed by Biden Administration in 2021. Global Sustainable Initiative Inc. of Chicago and Viper Networks are working together to establish Public-Private Partnerships for securing the continuing flow of grants as well as private investments.

Farid Shouekani, CEO of Viper Networks said that all parties have done much due diligence in the last two years on critical infrastructure planned upgrades. Viper Networks and other communities aim to secure 15 million in grants from the State of Illinois for complimenting 45 million investment from Viper Networks and Partners.