Tanke Biosciences Corp completes acquisition of Energy Monitoring Operations
Nevada --(BUSINESS WIRE)— March 24, 2023. Tanke Biosciences Corp (OTC: TNBI) today announced that the Company has completed the purchase of assets and the energy monitoring operations from Kalimah Unipessol LDA, a Portuguese Company, for a combination of cash and restricted stock.
The assets acquired are utilized in the monitoring of energy consumption through the use of internet of things (IoT), big data and artificial intelligence for commercial buildings such as food retail, quick service, multi-site commercial, education, manufacturing and hotels.
Steve Mills, President of TNBI, stated; “We established our energy management subsidiary to grow and acquire companies which we feel utilize the leading-edge technology available. By partnering with BEST.ENERGY™, we can offer their technology to provide a solution that is more energy-efficient and more sustainable. The product offerings which we will provide will harness the power of the Internet of Things (IoT), Big Data and Artificial Intelligence (AI)”.
Caren Currier, CEO, added “we have acquired the Portuguese monitoring operation and related personnel as we hope to expand our European footprint. The acquired operation represents a partnership with Best.Energy, an industry leading company offering a full suite of leading-edge IoT technologies which serve to reduce energy consumption”.
About Tanke Biosciences Corp
Tanke Biosciences Corp (OTC: TNBI) is an emerging diversified investment vehicle focused on participating in and acquiring interests that are leading edge in their respective market niches, and that have expectations of enhancing shareholder values. Based in Nashville, Tennessee and Denton Texas, the management, advisors and the Board of the Company are focused on participating in and acquiring interests that are leading edge in their respective market niches, and that have expectations of enhancing shareholder values.
Forward-Looking Statements
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