SOURCE: Viper Networks, Inc.

Viper Networks, Inc.

March 04, 2015 09:00 ET

Viper Networks Current Pilot Program With Sri Lanka May Lead to First Major Intelligent LED Lighting Order Under Country's New Administration

TROY, MI--(Marketwired - Mar 4, 2015) - Viper Networks, Inc. (OTC: VPER), is pleased to announce that the Company (in partnership with Apollo Metro Solutions, Inc.) is expected to complete their latest pilot project with Sri Lanka's Ministry of Highways and Roads within ninety (90) days.

In conjunction, the Company is also working with the Export-Import Bank of the United States and other financing sources to assist in purchasing the first order under the new administration of Sri Lanka, which is expected to be in the tens of millions of U.S. dollars.

Over the past 24 months Viper Networks (in partnership with Apollo Metro) has conducted multiple Intelligent LED Lighting technology and Wireless Street Light Control for LED Street Lights pilot programs in Sri Lanka, from which the Company has received certified approval of Apollo Metro's LED products with notable entities including; the Country's Ministry of Fisheries and Aquatic Resources and the city of Colombo, Sri Lanka.

Additionally, last year the Company was able to assist in providing financing to initially bring their LED lighting products to market in Sri Lanka but the terms going forward at that time were not favorable. This year in 2015 with the new administration in charge of Sri Lanka, the Company has been able to provide a better pricing model to help ensure the final successful financing terms with one of several sources dedicated to financing the export of U.S. goods and services to international markets.

In other news; the Company is currently participating in the GSMA Mobile World Congress being held in Barcelona, Spain from March 2nd to 5th.

The annual event provides the planet's best venue for mobile industry networking. Mobile World Congress includes a world-class conference featuring visionary keynotes and panel discussions; an exhibition with more than 1,800 companies displaying the cutting-edge products and technologies that define the future of mobile; App Planet; and the annual Global Mobile Awards ceremony, which recognizes the most innovative mobile solutions and initiatives from around the world.

In 2014, Mobile World Congress hosted more than 85,000 mobile professionals from more than 200 countries. Visit www.mobileworldcongress.com to learn more.

For more information please visit the Company's products and services at www.ViperNetworks.com or www.ApolloMetro.com

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.

Contact Information

  • Investor Relations:
    Heritage First Capital
    Scott Gibson
    407.444.5959