Great Wall Builders Ltd. (OTC: GWBU) shares rose on Friday. The stock ended the day 1.27% higher at $1.60 on above average volume.
GWBU shares have risen sharply in the last few days. Last week, GWBU shares rose more than 80%. In the last one month, the stock has gained 357.14%.
Great Wall Builders shares have been gaining momentum as the company continues to make steady progress toward commercialization of its Start FEED technology. Last week, GWBU took another major step in this process by entering into a five-year agreement with NESS Tech GmbH.
Under the terms of the agreement, Austria-based NESS Tech will act as an exclusive agent for Start FEED in the European Union and other select European markets. The agreement calls for a minimum wholesale purchase of 8 million euros in Start FEED units in the first year, with the requirement to raise the minimum purchase by 10% per annum in successive years.
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