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February 21, 2014
08:40 EDTFNRGForceField Energy divests TCS business in China
ForceField Energy announced that it has completed the sale of its 60% interest in Wendeng He Xie Silicon to the minority owner of Wendeng and has concluded its operations at Zibo Baokai Commerce and Trade. The combination of both transactions significantly improves the Company's working capital, eliminates operating losses related to these business segments, and enables the Company to sharpen its focus on its continuing key business segments. Upon the closing of the Wendeng transaction, ForceField paid $50,000 in cash consideration and received 1.46M shares of its restricted common stock, valued at approximately $8.6M based upon the closing market price on February 19 of $5.87, for the sale of its 60% equity interest in Wendeng to the minority owner of Wendeng.
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July 30, 2014
08:15 EDTFNRGForceField Energy, Noveda Technologies sign cross-marketing agreement
ForceField Energy announced it had entered into a cross-marketing agreement with Branchburg, New Jersey based Noveda Technologies to deliver advanced solutions for energy and water efficiency to customers worldwide. As part of the agreement, both companies will offer an extended and complimentary line of solutions to their respective customers including LED lighting solutions, advanced lighting controls, real-time monitoring and Savings as a Service, or SaaS. Noveda products, installed in over 3,500 locations world-wide are also used by several Fortune 100 global corporations in key market segments including big box retail, financial services, commercial, industrial, education and the government.
July 23, 2014
08:09 EDTFNRGForceField Energy signs LOI to acquire ESCO Energy Services
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07:56 EDTFNRGForceField Energy trading halted, pending news

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