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STAK subsidiary signs non-binding LOI for hundreds of thousands in gas-powered generator procurement
STAKSTAK Inc.
STAK Inc.'s second-tier subsidiary, STAK Industry Energy Ltd., entered into a non-binding letter of intent to potentially procure gas-powered generators. The initial proposed procurement is valued at hundreds of thousands of U.S. dollars, with subsequent phases totaling millions contingent on successful delivery and acceptance of the first batch. These amounts are preliminary, exclude ancillary costs, and do not constitute confirmed orders or revenue forecasts. Final terms remain subject to negotiation and definitive contracts. STAK Inc. specializes in the research, development, manufacturing, and sale of oilfield-specialized production and maintenance equipment.