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Saf-Glas Enters Into Letter Of Intent To Be Acquired By Saxon Capital Group, Whose Common Shares Are Quoted On OTC Markets
Saf-Glas Enters Into Letter Of Intent To Be Acquired By Saxon Capital Group, Whose Common Shares Are Quoted On OTC Markets.
About this update from Saxon Capital Group Inc.
[{"type":"text","content":"\n\n\n\nSaf-Glas Enters Into Letter Of Intent To Be Acquired By Saxon Capital Group, Whose Common Shares Are Quoted On OTC Markets\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n\n\n\n\n\n\nSaf-Glas Enters Into Letter Of Intent To Be Acquired By Saxon Capital Group, Whose Common Shares Are Quoted On OTC Markets\nThrough its Energy Glass subsidiary, Saf-Glas, using proprietary, patented Nano Technology, has developed an optically clear glass that produces continuous electricity form sunlight, diffused and ambient light, and ground reflectance. The entire surface of the window is clear with no grids, dots or lines and is the only known photovoltaic glass in the world with 100% field of vision.\nPR Newswire\nRIVIERA BEACH, Fla., Aug. 12, 2021\n\n\n\nRIVIERA BEACH, Fla., Aug. 12, 2021 /PRNewswire/ -- Saf-Glas and Saxon Capital Group (SCGX-OTC) announced that they have entered into a non-binding letter of intent under which Saxon Capital will acquire Saf-Glas in a reverse acquisition transaction to be effected through a stock for stock exchange.  Terms of the planned transaction were not disclosed.\n\nSaf-Glas LLC, is a 25-year-old glass producing company that has been developing and testing its patented Energy Glass product for approximately 10 years, receiving several 3rd party testing and certifications. Saf-Glas also produces Blast resistant, Bullet resistant, hurricane resistant and earthquake resistant glass that has been sold to Government and the private sector throughout the world. The combined company's primary focus will initially be geared towards the Flat Glass Market, estimated to be $288 billion by 2025. Energy Glass is price competitive with standard laminated glass that does not produce passive electricity, and it also qualif...