Flywheel Advanced Technology, Inc.
PGLO
Other OTC0.01
USD
+0.00
- -
Flywheel Advanced Technology, Inc.
PGLO
(Other OTC)
Recent
price
0.01
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Flywheel Advanced Technology, Inc. (FWFW) operates as a holding company with limited ongoing activities following the divestiture of its primary Internet of Things (IoT) subsidiaries; it retains an 85% interest in Blue Print Global, Inc., a British Virgin Islands entity focused on sourcing and selling warehouse patrol robots through an exclusive agency agreement with International Supply Chain Alliance Co., Ltd. for distribution in China, and holds a 9.38% equity stake in Elison Virtus Company Limited acquired as consideration in recent transactions. The company provides no significant core products or services at the parent level but previously oversaw IoT solutions via wholly owned subsidiaries including QBS System Limited in Hong Kong, which delivered consulting, development, implementation, analytics, support, and evolution services for enterprise and industrial IoT applications across logistics, food and beverage, automation, and smart buildings; QBS System Pty Ltd in Australia for computer network systems design and integration; and holding entities Mega Fortune Company Limited (Cayman Islands) and Ponte Fides Company Limited (British Virgin Islands). Incorporated in Nevada in 2010 and headquartered in Carson City, Nevada, Flywheel conducts operations principally in Hong Kong, Australia, the British Virgin Islands, and Cayman Islands, targeting enterprise clients, governments for smart city projects, real estate developers, automotive manufacturers, and industrial sectors. Recent major changes include the July 2024 sale of Mega Fortune and its subsidiaries (QBS System, QBS System Pty, and Ponte Fides) to Mericorn Company Limited for approximately $7.23 million in Elison shares, classifying these as discontinued operations with assets held for sale of $4.77 million as of June 30, 2024; a January 2024 formation of Mega Fortune and February 2024 formation of Ponte Fides ahead of restructuring; an April 2024 internal transfer of QBS System shares to Ponte Fides; the 2023 acquisition of QBS System via share exchange for 8.94 million common shares; November 2022 formation of Blue Print Global and December 2022 agency pact for robot sales; a November 2021 name change from Pan Global Corp.; and July 2022 ticker symbol shift to FWFW following a 1:100 reverse stock split.