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Otovo ASA Licenses Brand for Independent U.S. Launch

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Otovo ASA Licenses Brand for Independent U.S. Launch

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An announcement from Otovo AS Class A ( (DE:89K) ) is now available.

Otovo ASA has licensed its brand in the United States to a company owned by board member William J. Berger, resulting in the launch of Otovo USA in Texas. Otovo USA will operate independently, focusing on services for solar and storage systems using its Endurance AI platform, with no financial or operational obligations expected for Otovo ASA beyond licensing terms.

More about Otovo AS Class A

Otovo is a company that provides a marketplace for homeowners to easily acquire solar panels and home batteries. It organizes a network of local, high-quality energy installers and uses proprietary technology to analyze home potential and find the best price and installer through an automatic bidding process.

YTD Price Performance: 70.0%

Average Trading Volume: 180,016

Current Market Cap: NOK428.4M

See more data about 89K stock on TipRanks’ Stock Analysis page.

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