Optec International Stock Garnered Attention: Should You be Excited?
Over the past weeks, Optec International Inc (OTCMKTS:OPTI) has garnered attention in the markets due to the sheer nature of its business. The company is involved in the manufacturing and distribution of UV-C & UV (Ultra-Violet) Germicidal Non-Toxic Sanitization and Disinfection and products. The products in question are made without any chemicals and the company has managed to change the way these products work by using UV-C light.
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Major Triggers
Ultraviolet is now regarded as one of the most effective ways in which bacteria and viruses can be exterminated, which is why there is a lot of optimism about the company’s products. On Tuesday, the OPTEC stock soared by as much as 95% after the company announced a new key appointment to its Advisory Board.
In light of such enormous gains, it could be worthwhile for investors to perhaps take a closer look at the developments. The company announced on Tuesday that Kevin Harrington, the Original Shark Tank Investors, and a Global Infomercial Investor is going to be appointed to the OPTEC Advisory Board. It is a significant appointment from the company and the move has clearly been welcomed by the investors.
Harrington has an enviable track record and in his corporate career so far, he has managed to launch as many as 500 products. Those products drove sales to the tune of as much as $5 billion and hence, it is quite clear why his appointment is a significant landmark for OPTEC.
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He is also regarded as one of the pioneers of the As Seen on the TV industry and as many as twenty of Harrington’s companies have managed to top $100 million in revenues. However, that might not be the only reason behind the upbeat performance from the OPTEC stock. Investors need to take a look at some of the other developments around the company in recent times.
Back on July 13, the company announced that the United States Patent Office granted it a patent-pending status for the use of UV-C lighting technology in tablets and cell phones. It is meant to be similar to the ‘flashlight’ app but the function is going to be that of safely sterilizing and disinfecting these devices. The fact that it has been granted a patent-pending status is a major development for OPTEC.
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If the patent is finally granted by the United States Patent Office then it could be a major milestone for the company. The OPTEC stock is one the move on the charts and has attracted plenty of shareholders over the course of the past days. Currently, it is being regarded as one of the major movers from among the small-cap stocks. Investors could consider keeping an eye on further developments at OPTEC.
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