STAK Inc. Discloses Initial Progress in Gas-Powered Generator Business
PR Newswire•05/11/2026•16:05 ET
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Key Highlights
- ➤Initial gas-generator procurement proposal is worth hundreds of thousands of U.S. dollars
- ➤Subsequent potential procurements could total millions of U.S. dollars
- ➤LOI is non-binding and does not constitute a purchase order or revenue forecast
- ➤Future batches depend on initial equipment delivery, acceptance, and separate contracts
- ➤STAK cannot assure formal contracts, completed transactions, or any revenue generation
STAK Inc. Discloses Initial Progress in Gas-Powered Generator Business PR Newswire
CHANGZHOU, China, Nov. 5, 2026 /PRNewswire/ -- STAK Inc. (the "Company") (Nasdaq: STAK), a fast-growing company specializing in the research, development, manufacturing, and sale of oilfield-specialized production and maintenance equipment, today announced that its second-tier subsidiary, STAK Industry Energy Ltd., has entered into a non-binding letter of intent (the "LOI") regarding the potential procurement of gas-powered generators. The LOI represents an initial development in the Company's recent expansion into the gas-powered generator business.
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