It was announced today that modular technology company, Spartan Modular Technologies “Spartan”, has aligned with a Malaysian based components and electroplating manufacturer in a strategic partnership for global growth. This is a significant partnership in that region for the company as it positions Spartan Modular Technologies for global growth beyond modular construction and smart buildings.
The partnership includes investment on the part of Spartan’s parent company Megahoot, LLC and strategically positions the company for an entry point into the automotive, aviation, medical and industrial original equipment manufacturer’s components arena. Some of the initial goals of the partnership is to refurbish existing manufacturing equipment, introduce new manufacturing technologies, implement a proprietary waste management system, explore the implementation of recycled plastics into various component parts and adhere to the quality management standards in order to achieve Tier 1 Vendor status.
Tier 1 companies offer the most advanced processes within the manufacturers supply chain; this is typically the final step before any component reaches the original equipment manufacturer “OEM” for completion of the end product or for distribution to the end users. Tier 1 vendors deal directly with the OEM and eliminate the middle man process for them, such vendors have been proven to be reliable, timely and adhere to the strict safety and standard procedures in place.
The outsourcing of component manufacturing by an OEM is critical for their continued growth as it reduces their overhead, capital expenditures, infrastructure costs, labor and equipment costs by outsourcing to Tier 1 component manufacturers.
This partnership will allow Spartan Modular Technologies to have the components necessary for its modular builds to be manufactured in a cost effective manner and also allow for the Falcon Components brand to grow globally via the Malaysian partnership.
“We are very excited about this partnership as it will allow for Spartan Modular to have an entry point into Southeast Asia. Our Malaysian partners bring forth a level of loyalty and craftsmanship that we put high value on, with the shared vision and innovation prospects we, FGA Partners all the way to Megahoot and Spartan, are very excited about the potential growth that will be taking place over the next 12-18 months in the components arena,” stated Louis Velazquez, CEO of Megahoot.
Some examples of OEM’s are General Motors, Ford, Tesla, Lockheed Martin, Bombardier, Honda Automotive, Honda Aircraft, Boeing, Fiat-Chrysler, Johnson & Johnson, Medtronic and Baxter International. Some examples of large Tier 1 OEM manufacturing companies that supply OEM’s include Denso Corp, Continental AG, Johnson Controls, Hyundai Mobis, Yazaki Corp and Magna International. There is tremendous room for growth in the automotive, aerospace and medical industries as it relates to component manufacturing, which the partnership will be in the position to capture.
As announced previously the ability to service OEM’s in various industries to their standards while providing very competitive pricing which will allow Spartan and its partners to work closely with companies that will be providing defense contractors with their products, defense contractors which will be taking advantage of a USA bill that will be providing over $19 billion in relief and reconstruction funding. Some of this funding, to the tune of approximately $3 billion, will be going to the U.S. Army Corps of Engineers to conduct repairs and expedite construction of flood and hurricane protection projects that are slated.
This will give Spartan the opportunity to bring forward its smart modular builds that will incorporate the highest level of Cybersecurity via Megahoot as well as exceed the existing hurricane standards for building while bringing smart technology to the forefront at costs that may be lower than traditional builds for affordable to mid level residential housing, commercial builds as well as military bases.
For more information please go to www.spartanmodular.com
About Megahoot LLC
Megahoot is a Technology Company focused on secure private collaboration platforms for business and personal use, incorporating ephemeral messaging, high security, use of cryptography and secure mobility. Products include the Megahoot Vault which is a digital vault for highly secure holding of various cryptocurrencies, loyalty tokens and soon digital documents. With the use of blockchain technology Megahoot will be venturing into various industries from smart homes to health care and more utilizing its blockchain technology platform that will allow corporations globally to create dedicated blockchain networks for their businesses for everything from accounting, logistics, supply chain management, security, education and much more. Megahoot LLC is a wholly owned subsidiary of FGA Partners.
For more information on Megahoot please go to www.megahoot.com.
About Spartan Modular Technologies
Spartan Modular Technologies is a technology company that is revolutionizing how construction is done today via next generation modular construction. Spartan is in the business of manufacturing smart technology modular builds for both residential and commercial purposes, these builds incorporate green technology to achieve Net Zero Standards as well as other next generation smart technology. This smart technology will be also be used for next generation Command Center builds, stand alone educational units and more. The Spartan panelized smart technology system will be used in the renovation within hotels, office buildings, hospitals and medical offices. Spartan via their parent company FGA Partners (Falcon Global Acquisitions), works closely with developers, governments and land owners in the development of affordable, middle market and high end modular homes. As well as both small and large scale commercial projects all incorporating innovative smart technology modular construction. This is both domestically and internationally.
For more information please go to www.spartanmodular.com
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in which such offer, solicitation or sale would be unlawful, and qualification under the securities laws of any such state.
This press release contains forward-looking statements. The use of any of the words “anticipate”, “believe”, “expect”, “plan”, “intend”, “can”, “will”, “should”, and similar expressions are intended to identify forward-looking statements. The forward-looking statements contained herein are based on certain key expectations and assumptions made by the Company, including but not limited to expectations and assumptions concerning the receipt of required regulatory approval. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.