Royalux LLC, a wholly-owned subsidiary of IKIO Lighting, has entered into a Memorandum of Understanding (MoU) with Metco Engineering Inc., a Texas-based public contracts engineering design company. The agreement focuses on the supply of energy-saving products, including solar panels, LED lighting solutions, and other energy-efficient items.
As part of the MoU, Metco Engineering Inc. has projected a business volume of $8 million USD for Royalux LLC over the next six months. This partnership aims to strengthen Royalux’s foothold in the energy solutions market.
The MoU specifies that the agreement will remain in effect until terminated by either party with a 30-day written notice. The transaction is not categorized as a related party transaction, and no shares have been issued as part of this agreement.
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