Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTA5 Laboratories to enter renewable energy market
(SeeNews) - Jan 18, 2013 - US contract research company for the pharmaceutical and biotech industries A5 Laboratories Inc (OTCBB:AFLB) said yesterday it intends to switch its operations and step on the alternative energy generation.
In a bid to boost shareholder value, he company will concentrate on the development of renewable energy generation products and services, its newly-appointed chairman and chief executive Frank Neukomm said. At a later point in the near future, the company will change its name to Hydra Fuel Cell Corp, it said.
As part of the plan, A5 Laboratories has reshuffled its management team and appointed its former chairman and CEO Robert Farr as chief operating officer (COO) and president.
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