FORCE PROTECTION V USD0.0001 (OTCMKTS:FPVD) was a massive decliner during Tuesday’s trading session plunging by 25% on relatively high volumes, which were 1.1 times the 30 day average turnover. Bears continue to be in total control as Force Protection continues to form lower tops and lower bottoms indicative of the strong bearish momentum. The stock continues to trade below all moving averages.The MACD oscillators are showing signs no signs of a bullish reversal. The strength oscillator is pointing towards the stocks’ lack of inherent strength at the moment. Traders believe the stock could head to levels of $0.780 in the near term.
FORCE PROTECTION Video (OTCMKTS:FPVD) announced that it had decided to appoint Joe Kosoglow as the new manager for CITADEL. It’s a management software and security onsite storage solution owned by Force Protection.
Insights of The Matter
The senior management team of the company is delighted to have Kosoglow on board and hopes that he can take company’s business to all new heights. His years of experience in the technology management field make him the most suitable candidate for this position. Previously, he played a key role in forming business partnerships with leading technology companies like IBM, Microsoft, 3Com and Hewlett-Packard.
Apart from his excellent record at the mid-senior management level, Kosoglow executed various strategies to improve customer satisfaction, service delivery, profit margin and sales revenues for the companies he worked for. He has hired many management teams, coached them from time to time and prepared them to take great business challenges. Being a US Marine, Kosoglow is the recipient of PURPLE HEART and SILVER STAR.
With the help of Citadel video management software and storage solution, people can store their video and audio recordings on site in a safe and secure way. The best feature of this software is that it can be used without signing excessive storage fees and long term contract. The company has been offering world-class video and audio products useful for law enforcement for over three decades.
Expansion Initiatives
To make sure that it can continue to live up to customers expectations, Force Protection Video plans to launch a new line of products, shipment of which is likely to start in 1Q2016. The first product in this line is the LE50 camera, which can be used for as much as 12 hours continuously. More details about LE50 and other such products will be announced from time to time by the company.
