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NEW YORK, Feb. 2, 2021 /PRNewswire/ iQSTEL, Inc. (USOTC: IQST) today announced a letter of intent (LOI) agreement to develop a proprietary electric battery (www.iQBatteries.com). The agreement is entered into between iQSTEL s Technology Division subsidiary, IoT Labs (www.iotlabs.mx), and MODUS GROUP (http://www.modusai.co/about-us/), the industrial engineering and design firm engaged by Alternet Systems, Inc. (USOTC: ALYI) for the design and development of Alternet s Revolt Electric Motorcycle.
IoT Labs has produced industry award winning technology solutions (www.iotsmartgas.com) recognized alongside Apple, Amazon and General Electric (https://iotbreakthrough.com/2021-winners/). The MODUS design team brings more than 200 patentable claims.
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NEW YORK, Jan. 28, 2021 /PRNewswire/ iQSTEL, Inc. (USOTC: IQST) today announced a new battery development initiative targeting the burgeoning electric vehicle industry.
iQSTEL s subsidiary, loT Labs Mx (www.iotlabs.mx), leads the company s Technology Division. IoT Labs has for the last two years been developing an array of IoT solutions. IoT Labs, now a part of iQSTEL, is accelerating its development efforts on a battery solution for the Electric Vehicles (EV) industry with the synergies it has gained through the technology and business base provided by iQSTEL s Telecom Division.
IoT Labs also engages in the development of other technologies. Its landmark Smart Gas technology (www.iotsmartGas.com) won the Smart Appliance of the Year award from Iot Break through (www.iotbreakthrough.com).
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NEW YORK, Jan. 25, 2021 /PRNewswire/ iQSTEL, Inc. (USOTC: IQST) today announced that Goldman Small Cap Research has published an updated analyst report with a new target share price recommendation of $0.61, up from $0.54. Goldman further indicates the potential for IQST s share price to reach $1.00 later this year.
Goldman Highlights:
Based on its current valuation relative to its peer group and its entry into new, complementary high growth markets, IQST offers huge upside potential with limited downside risk.
Based on recent and future initiatives we are raising our 2020 revenue forecast to $44.8M, up from $42M and our 6-month target price to $0.61, up from $0.54, previously.
Dear Shareholders,
While 2020 was marked by the COVID-19 pandemic, with the closure of companies and countries completely paralyzed, iQSTEL was able to advance in the development of its business plan, reaching a $44.8 Million Preliminary Revenue Benchmark for FY-2020, and having a $60.5 Million Forecast Revenue for FY-2021. This was made possible by having a clearly defined vision and execution plan.
In the course of 2020, we incorporated three new subsidiaries into our business, with the acquisition of Qglobal, LLC and IoT Labs, LLC, and the creation of Global Money One, LLC. These three new companies, combined with our existing subsidiaries (Etelix, SwissLink and ItsBchain) create a portfolio of products and services well beyond just in the telecom arena.