TMT Acquisition's Merger Partner eLong Power Announces $11M Energy Storage System Contract; Business Combination Expected To Close In Second Half Of 2024; Energy Storage System Delivery For Intelligent Charging Robots In Beijing To Complete By End Of 2024
Portfolio Pulse from Benzinga Newsdesk
TMT Acquisition's merger partner, eLong Power, has announced an $11 million contract for an energy storage system. The business combination is expected to close in the second half of 2024, with the energy storage system delivery for intelligent charging robots in Beijing to be completed by the end of 2024.
July 01, 2024 | 3:50 pm
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TMT Acquisition's merger partner, eLong Power, has secured an $11 million contract for an energy storage system. The business combination is expected to close in the second half of 2024, with the energy storage system delivery for intelligent charging robots in Beijing to be completed by the end of 2024.
The $11 million contract for eLong Power's energy storage system is a significant revenue boost and indicates strong business prospects. The expected closure of the business combination in the second half of 2024 further solidifies the positive outlook for TMT Acquisition.
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