Medigus-Backed Revoltz Breaks Into US HLS Sector with Exclusive PORTO EV Deal
Portfolio Pulse from Benzinga Newsdesk
Medigus Ltd. (NASDAQ:MDGS) announced that Revoltz Ltd., partially owned by Fuel Doctor Holdings, Inc. (OTC:FDOC), has entered an exclusive distribution agreement in the US for its advanced micro-mobility EVs with a leading distributor in the homeland security and law enforcement sector. The distributor committed to purchase a minimum of 500 units of PORTO, Revoltz's micro-mobility vehicles, in the coming year.
October 16, 2023 | 11:58 am
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POSITIVE IMPACT
Fuel Doctor Holdings, which holds a stake in Revoltz, could benefit from the latter's distribution deal in the US.
Fuel Doctor Holdings, which holds a stake in Revoltz, could see a positive impact on its revenues and profitability due to Revoltz's distribution deal in the US. This could potentially lead to a positive impact on its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Medigus's subsidiary Revoltz has secured a significant distribution deal in the US, which could boost its revenues and profitability.
The news of Revoltz's distribution deal in the US is directly relevant to Medigus as it owns a significant stake in the company. This deal could lead to increased revenues and profitability for Medigus, positively impacting its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100