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Panamera and Rain Cage Carbon Partner to Revolutionize Carbon Conversion, Clean Energy, and the Metals Markets
Panamera and Rain Cage Carbon Partner to Revolutionize Carbon Conversion, Clean Energy, and the Metals Markets.
About this update from Panamera Holdings Corporation
[{"type":"text","content":"\r\n\r\n \r\n \r\n Panamera and Rain Cage Carbon Partner to Revolutionize Carbon Conversion, Clean Energy, and the Metals Markets\r\n \r\n \r\n\r\n\r\nPanamera and Rain Cage Carbon Partner to Revolutionize Carbon Conversion, Clean Energy, and the Metals Markets\r\n\r\n\r\n\r\n\r\n\r\n HOUSTON--(BUSINESS WIRE)--\r\nPanamera Holdings Corporation (OTCID: PHCI), an innovative metals and energy company, today announced that it has entered into a binding Letter of Intent (LOI) with Rain Cage Carbon, Inc. (RCA.V) to license its groundbreaking carbon conversion and clean energy technologies.\r\n\r\n\r\n \r\nThe LOI outlines a strategic partnership between Panamera Holdings Corporation and Rain Cage Carbon, combining their transformational technologies with Panamera's financial, technology, and metals expertise. This combination will unlock tremendous value for all shareholders, establishing the company as a leader in the carbon conversion and clean energy space.\r\n\r\n\r\n \r\nPanamera Holdings Corporation has completed the necessary terms to activate its license to Rain Cage Carbon's Eden™ system technology for carbon conversion to fullerenes and nanotubes, as well as the Clean Energy Systems. The license grants Panamera Holdings Corporation exclusive rights in the United States and Mexico, with plans for future expansion. We will deploy, manufacture, and commercialize these technologies. The license fee consists of payments up to $4,900,000 USD, an ongoing license fee of 25% of net income generated by the Rain Cage Carbon technologies (75% of net income to Panamera), and a grant of 27,000,000 restricted common shares of Panamera Holdings Corporation subject to a shareholder agreement.\r\n\r\n\r\n \r\n\"I look forward to working with Blair and the Rain Cage Carbon team to bring these innovative technologies to market and create substantive value for all of our stakeholders,” said T. Benjamin Jennings, CEO and Chairman of Panamera Holdings.\r\n\r\n\r\n \r\n“With over 1 billion queries each day on apps like ChatGPT, the energy demands of AI alone are outpacing existing infrastructure, emphasizing the urgent need for clean and efficient energy solutions. Our profit-driven strategy addresses these needs as well as conservation and environmental concerns. It’s built on solid pillars of efficiency, economics, pro...