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Eco Innovation Group Issues Shareholder Letter on the Path Ahead
Eco Innovation Group Issues Shareholder Letter on the Path Ahead.
About this update from Eco Innovation Group, Inc.
[{"type":"text","content":"\n NEW YORK, July 08, 2020 (GLOBE NEWSWIRE) -- Eco Innovation Group, Inc. (\"ECOX\" or the \"Company\") (OTC:ECOX), an innovative company developing new technologies that are environmentally friendly, promote green energy and are socially responsible, provides the following Letter to Shareholders from Chief Executive Officer Julia Otey-Raudes: Dear Valued Shareholder, Allow me to begin today by expressing our most sincere gratitude to our faithful shareholders for your loyalty, patience, and commitment. Following a recent shift in strategy and leadership, we now have a bold and clear-eyed vision in place at Eco Innovation Group. Today, I would like to provide you with our vision, as well as insights into our emerging model, what we have already accomplished, and what we are focused on achieving next. As you are likely aware, Eco Innovation Group pivoted in late February of this year and adopted a new vision and corporate strategy. We are now one hundred percent committed to creating the most successful eco-oriented innovation incubator platform in the world. We built a strong pipeline of products in development working with our initial inventors and innovators, and we have many more leads in progress that should foster an exciting second half of 2020, as that pipeline broadens and we near commercial-stage product launches. Our product licensing agreements provide us with the rights to leverage existing product development and intellectual property, and then commercialize, market and sell these products. Our success depends on the quality of ideas we cultivate in our discovery process, our development and execution incubating products and our go-to-market strategy. As we get this model off the ground this summer, we have already made strong strides toward commercializing several powerful products now in our incubation pipeline. Our first initiative resulted in an exclusive global licensing agreement with the Bellagio IP Trust for the ECOX Power Booster™, which is a remarkable innovation that taps electricity and magnetism to increase the useful power derived from a given amount of energy. Customers using this technology may be able to increase the usable energy in their homes by as much as 150% while saving approximately 60% on their electric bills. Another remarkable innovation now in our pipeline is called PoolCooled͐...