Perpetual Industries (OTC: PRPI) today announced the highlights of its financial and operating results for the first quarter ended March 31, 2021. Among the achievements, the company reported 100% year-over-year growth in record gross revenues and gross profits. “Despite the challenges we faced as a result of the pandemic, Perpetual was able to grow revenues and reduce losses significantly while further developing our innovative projects, and complete two transformational acquisitions,” said Brent Bedford, CEO of Perpetual. “This first quarter represents a major breakthrough in the company’s strategic path for future growth. Progress in our blockchain application development and green-tech energy solutions continues to accelerate as we look forward to the rest of 2021.”
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About Perpetual Industries Inc.
Incorporated in Nevada and based in Auburn, Indiana, Perpetual Industries is an incubator for the development of new and innovative energy-efficient technologies. The company’s mission is to “perpetuate industry” by bringing value-added technologies to market. At PRPI’s core is a proprietary technology known as the XYO Mechanical Balancing Technology, designed specifically to dynamically eliminate vibration in rotating equipment to create energy-efficient, environmentally responsible products. The company is expanding its expertise and knowledge of energy-efficient technology by developing low-cost, green energy-powered solutions for a variety of industries, including renewable energy, blockchain mining, artificial intelligence, graphic rendering, internet of things (“IoT”) and cloud computing, while continuing its research, development and commercialization of the XYO Technology in key applications. For more information about the company, visit www.PerpetualIndustries.com.
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