Hanover Portfolio Acquisitions (HVPA)
HVPA (?Hanover Portfolio Acquisitions?), has recently executed a Letter of Intent to acquire 70% of Pulsed Energy Technologies, LLC and all of its intellectual property, assets, and accounts receivables.
Upon completion of the acquisition, HVPA (?Hanover Portfolio Acquisitions?) wholly owned subsidiary, IP Resources International, will seek to establish distribution and licensing agreements in multiple international markets for the Pulsed Energy Replenisher (PER 2000) to augment current U.S. sales. This transaction would further expand HVPA (?Hanover Portfolio Acquisitions?) IP portfolio, which addresses the market for worldwide royalty and licensing fees estimated at $237 billion in 2011 according to the International Monetary Fund.
Pulsed Energy Technologies (www.pulsedenergytech.com/index.html)is the developer, ISO-certified manufacturer, marketer, and distributor of the Pulsed Energy Replenisher (PER 2000), a proprietary Pulsed Electro-Magnetic Field (?PEMF?) therapy device that is used for pain reduction for a broad range of indications by athletes including basketball superstar Shaquille O?Neal, NFL Superstar Terrell Owens, and multiple American professional sports teams.
PEMF is a well-established treatment for a number of health conditions in many global markets including Europe, Canada, Australia and Israel. PEMF uses electrical energy to direct magnetic pulses through injured tissue. Each magnetic pulse induces an electrical signal that stimulates cellular repair. PEMF therapy has demonstrated its effectiveness in healing and pain relief in more than 2,000 university level double-blind medical studies in numerous countries with many different PEMF therapy devices. PEMF therapy has been shown to be effective in a wide range of conditions including pain relief, bone fractures and sprains, headaches, arthritis, diabetes, insomnia, depression, muscle injuries, burns, whiplash, endometriosis, and osteoporosis.
According to BCC Research, pain management medical devices in the U.S. generated $1.48 billion in sales in 2008. This number is projected to increase to $2.5 billion in 2013, growing at a compound annual growth rate of 11.4%.
Hanover Portfolio Acquisitions (OTCQB: HVPA), through its wholly owned subsidiary, IP Resources International, is an intellectual property management firm that specializes in the commercialization of compelling technologies through joint ventures and international licensing. The Company specializes in the commercialization of technologies within the healthcare, energy, consumer electronics, and internet industries.
In my opinion this is a stock to watch!
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