Item 1.01 Entry Into a Material Definitive Agreement.
Znergy, Inc. ( "Znergy" or the "Company") announced it has acquired all of the
assets of Washington-based Quantum Energy, Inc. ("Quantum"). Quantum has a
47-year history in lighting sales and installations, specializing in LED
conversions for business. The acquisition is expected to result in greater
operational efficiencies and increase Znergy's nationwide market share,
including the Pacific Northwest, and including Canada. Quantum has an extensive
B2B book of business across many business segments, including Fortune 500
companies, municipalities, universities and Canadian companies.
Under the terms of the Definitive Agreement, dated April 2, 2021, Znergy will
acquire the assets of Quantum without the issuance of new Znergy shares.
Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements. These
forward-looking statements are subject to a number of risks, uncertainties and
assumptions. Our actual results could differ materially from those predicted or
implied. Undue reliance should not be placed on the forward-looking statements
in this Current Report on Form 8-K. We assume no obligation to update such
statements.
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