TGI Solar Power Group Inc. focuses on developing a line of electric vehicles.
The company’s strategy is to acquire patented technologies, components, processes, and designs with commercial value that would give the company a competitive market advantage and generate shareholder value. In addition, the company plans to align itself through acquisition and joint ventures with partners whereby the company could provide project management consulting and develop custom tools software.
The company h...
TGI Solar Power Group Inc. focuses on developing a line of electric vehicles.
The company’s strategy is to acquire patented technologies, components, processes, and designs with commercial value that would give the company a competitive market advantage and generate shareholder value. In addition, the company plans to align itself through acquisition and joint ventures with partners whereby the company could provide project management consulting and develop custom tools software.
The company has also initiated plans to build five prototype electric vehicles for testing orders. Engineering, design and key component sourcing has been initiated. The company has also signed an agreement with a Ukraine insurance company (Finex) to develop a line of insurance products for the company to include polices for future car owners, extended warranties, roadside assistance and battery replacement. The company would be able to utilize Finex office space, back office, accounting and legal personnel for operations conducted in the Ukraine. The company also provides consulting services.
Growth Strategy
The company’s growth strategy is to expand its consulting service offerings, which might require investments in new hires, acquisitions of complementary businesses, possible expansion into other geographic areas, and related capital expenditures.
The company’s business development and marketing activities are aimed at cultivating relationships, driving demand for its consulting services, generating leads and attempting to increase penetration and visibility with potential customers. The company has one existing client and anticipates that any new engagements would be generated through relationships with existing providers from its contacts in the industry.
The company seeks to identify new business opportunities. The company intends to retain business development professionals who are focused on developing client relationships and generating new business.
Significant Events
In February 2018, the company announced that it had signed a memorandum of understanding with ev Transportation Services, Inc. to establish a joint venture to manufacture and market all-electric vehicles in Eastern Europe.
History
TGI Solar Power Group Inc. was founded in 1967.