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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.
News For FNRG From The Last 14 Days
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September 29, 2014
08:05 EDTFNRGForceField Energy subsidiary granted $1M contract in San Diego, CA
ForceField Energy announced the signing by its wholly owned subsidiary American Lighting, an LED lighting retrofit contract for the supply and installation of LED lighting products and solutions for the San Diego Community College District to retrofit six different campus locations as well as their Administration Building. The contract has an estimated value of $1M and is expected to be completed by December 31.

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