Movement Industries completes acquisition of SGX Industrial LLC flow control assets

Movement Industries Corp. completed its acquisition of SGX Industrial LLC, gaining IoT monitoring technology, flow control patents and about $300,000 of inventory. The purchase price is Series B preferred shares plus assumption of a $300,000 promissory note.

“Movement has acquired SGX's IoT chip design, its cloud-based monitoring system that remotely monitors and controls the flow of various media (oil, gas, chemicals), several patents for flow control products”otcmarkets.com

• 2 sources
• otcmarkets.comMovement Industries Corp. (OTC: MVNT) Completes Acquisition of SGX Industrial LLC | MVNT - MOVEMENT INDS CORP. | News | OTC MarketsDec 5, 2019
• newmediawire.comNewMediaWire | Movement Industries Corp. (OTC: MVNT) Completes Acquisition of SGX Industrial LLCDec 5, 2019

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