FOUNTAIN HILLS, Ariz., Nov. 17, 2017 /PRNewswire/ -- Fernhill Corporation (OTC PINK: FERN), proudly announces progress in wholly owned subsidiary companies; Fern Energy Inc. and Fern Technology Inc.
CEO Adam Kovacevic states, "Over the past several months extensive research and development has been performed on a wide variety of cutting-edge renewable energy products and storage systems. Fernhill Corporation plans to use this valuable knowledge and experience to develop a new line of proprietary products. Progress has occurred behind the scenes to prepare a launch for a full line of cutting edge new products and global commercialization."
In recent weeks, final recommendations and comments on Fernhill's Hybrid Energy Storage System patent application has been prepared and submitted to our patent attorney. Fernhill Corporation is in the process of finalizing the USPTO application. The Fernhill team has been researching to determine which other products may require additional patent applications to be processed. We are working on plotting the best path forward to begin scalable commercialization of some of these products globally.
Fernhill Corporation is proud to inform the market that the past few months have been meticulously planned to prepare Fernhill Corporation to embark on an era of significant growth. We are ready to hit the ground running and we are excited to begin revealing other proprietary products with plans to file additional patents. Fernhill Corporation plans to secure patent valuations, and build commercial prototypes on these products.
CEO Kovacevic continues, "I wish to thank all our loyal shareholders for their collective patience since I took over Fernhill Corporation in May. After finalizing the acquisition of Worldwide Sun, developing the P72 prototype, and completing a hybrid battery storage system patent with the USPTO, we have been hard at work fully vetting the entire lineup of products introduced to the corporation by Worldwide Sun. We have been in discussions and working on determining which products are best positioned to immediately begin developing for commercially viable prototypes."
To showcase the entire suite of development products, Fernhill plans to launch a video podcast prior to year-end. Access to the podcast will be provided directly on the home page of Fernhill Corporation's website and will remain accessible for anyone to view.
As commercial prototypes are completed, remaining patents are filed, and ensuing patent valuations secured, we will be providing regular key progress updates to market. Fernhill Corporation would also like to inform that as of today the current tradable float sits at 392,252,556 shares with a total of 935,350,559 shares outstanding.
About Fernhill Corporation
Fernhill Corporation is a holding company focused in the energy and technology sector. Incorporated in Nevada with operations in North America, Fernhill Corporation is focused on acquisitions and or partnerships in energy based sector businesses.
Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Fernhill Corporation
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