Premier Graphene Receives Down Payment, Starts Production for Second SEDENA Military Contract
BIEI has more than doubled off its 52-week low of $0 on light trading volume (0.1× avg).
Summary
Premier Graphene has received a down payment and commenced production for its second contract with Mexico's Secretaría de la Defensa Nacional (SEDENA), covering 1,600 protective military belts. This follows the June 10th announcement of two new military contracts and the company's anticipation of its first profitable quarter on June 18th. For this micro-cap company, moving from contract award to production is a material operational milestone. Epidemiologic Solutions Corporation advanced the initial payment and guaranteed the balance, providing financial support for the project.
At the time of this announcement, BIEI was trading at $0.00 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $845K. The 52-week trading range was $0.00 to $0.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.