Business
Movement Industries Corporation Announces Joint Venture Alliance With an Excess of Ten Million Dollar Contract
Movement Industries Corporation Announces Joint Venture Alliance With an Excess of Ten Million Dollar Contract.
About this update from Movement Inds Corp.
[{"type":"text","content":"\n HOUSTON, TX, June 29, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Movement Industries Corporation (OTC PINK: MVNT) (the “Company”) has announced that it has completed the formation of a joint venture and this opportunity has been awarded a contract which will generate an excess of ten million USD. Mr. Nguyen, CEO, states “This joint venture is an alliance for the collaboration of expertise, products and services to bring solutions that addresses and resolves the full scope of this Pemex opportunity. This initiative establishes a foothold for the group to engage Pemex and the energy industry in their digital transformation migration. I am incredibly proud of the efforts of our entire team as I know the work on this contract will have greater value for our stakeholder.” Sami Suheil, Vice President of Technology, adds, “The joint venture is an alliance of three companies that have entered a joint tender bid to Pemex for the remote monitoring of well real time data for on-shore and off-shore operations in Pemex southeastern region. The entire joint venture team is excited not only about this initial contract but is also looking forward to the follow-up contracts and potential future contracts that could be required to support the technology implementation. The services include providing to the end client an integrated data acquisition of real time production data for Pemex wells on-shore and off-shore.” Mr. Nguyen concludes, “Once again, we are proud of our team for the additional time and effort spent in winning this bid. We also want to thank our stakeholders for their continued support as we grow our Company and we want our stakeholders to know they can continue to expect updates on the follow-up contracts as we grow this opportunity.” About Movement Industries Corporation  Movement Industries Corporation invests in emerging growth companies in energy, oil & gas, renewables, agricultural and industrial manufacturing sectors. Movement's executive management team brings over 50 years of experience in the global energy market. The Company’s growth strategy includes deepening products and services offered to existing customers as well as acquiring complementary business units and new customers.  Stay up to date by following Movement...