RYG was a failed Geothermal business, it could not get any projects up or attract finance. It was just a shell many investors had lost a lot of money. Management identified an opportunity for a RTO of Xped in a way to get Xped to market and finance the business going forward.
Xped is an IoT business with ground breaking disruptive technology. It is leading the way with IoT it has quality IP that it will sell under license to chip manufacturers and OEM's. There is an MOU in place with a top 10 Nasdaq listed hip manufacturer to port Xped firmware (IoT stack) into their chipsets and a second chippie wanting in on the game. There are a number of small agreements with various business for commercialisation of technology.
A good starting place is to read all announcements back to October last year, particularly the expert review.
http://www.xped.com/media/XPedTechExpertReport.pdf
also read ADRC brochure
http://www.xped.com/media/ADRC-Brochure-V2.pdf
RYG was a failed Geothermal business, it could not get any...
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