Rhode Island Chronicle

It was announced today that modular technology company, Spartan Modular Technologies “Spartan”, is in advanced discussions with a select few component manufacturing companies, outside of the USA, that are strategically positioned for growth in the modular, industrial, automotive, defense, aviation and medical industries. These strategic partnerships include investment on the part of Megahoot, LLC and true partnerships for Spartan with these companies in order to promote growth for all parties.

The outsourcing of component manufacturing by original equipment manufacturers “OEM” is critical for their continued growth as it reduces their overhead, capital expenditures, infrastructure costs, labor and equipment costs by outsourcing to viable component manufacturers that can handle most of their zinc die casting and plastic component manufacturing needs for their product lines.

The strategic component manufacturing partnerships that Spartan Modular Technologies is embarking on will give the company the ability to produce the components necessary for its modular smart building panels affordably. It will also allow Spartan to work with OEM’s to produce the components necessary for their products whether its knobs and handles for appliances, doors and cabinetry for the furniture industry, technology related products, automotive or aviation related parts requiring nickel plating or plastic parts as well as medical related components under the Falcon Components brand at very competitive rates.

“The outsourcing trend in industrial, medical, automotive and other sectors is set to offer more business opportunities for EMS / contract manufacturers,” notes Frost & Sullivan Research Analyst Nupur Sinha. “Cost savings is one of the key factors for medical equipment and automotive electronics OEMs favoring outsourcing.”

Some examples of OEM’s are General Motors, Ford, Tesla, Lockheed Martin, Bombardier, Honda Automotive, Honda Aircraft, Boeing, Fiat-Chrysler, Johnson & Johnson, Medtronic and Baxter International. Some examples of large OEM manufacturing companies that supply OEM’s include Denso Corp, Continental AG, Johnson Controls, Hyundai Mobis, Yazaki Corp and Magna International. There is tremendous room for growth in the automotive, aerospace and medical industries as it relates to component manufacturing, which Spartan will be in the position to capture.

The ability to service OEM’s in various industries to their standards while providing very competitive pricing which will allow Spartan to work closely with companies that will be providing defense contractors with their products, defense contractors which will be taking advantage of a USA bill that will be providing over $19 billion in relief and reconstruction funding. Approximately $3 billion of this funding is specifically designated towards the reconstruction of US military bases such as Tyndall Air Force Base and Camp Lejeune Marine Base, which will bring with it multi-year contracts.

Some of this funding, to the tune of approximately $3 billion, will be going to the U.S. Army Corps of Engineers to conduct repairs and expedite construction of flood and hurricane protection projects that are slated.

This will give Spartan the opportunity to bring forward its smart modular builds that will incorporate the highest level of Cybersecurity via Megahoot as well as exceed the existing hurricane standards for building while bringing smart technology to the forefront at costs that may be lower than traditional builds for affordable to mid level residential housing, commercial builds as well as military bases.

For more information please go to www.spartanmodular.com

About Megahoot LLC

Megahoot is a Technology Company focused on secure private collaboration platforms for business and personal use, incorporating ephemeral messaging, high security, use of cryptography and secure mobility. Products include the Megahoot Vault which is a digital vault for highly secure holding of various cryptocurrencies, loyalty tokens and soon digital documents. With the use of blockchain technology Megahoot will be venturing into various industries from smart homes to health care and more utilizing its blockchain technology platform that will allow corporations globally to create dedicated blockchain networks for their businesses for everything from accounting, logistics, supply chain management, security, education and much more. Megahoot LLC is a wholly owned subsidiary of FGA Partners.

For more information on Megahoot please go to www.megahoot.com.

About Spartan Modular Technologies

Spartan Modular Technologies is a technology company that is revolutionizing how construction is done today via next generation modular construction. Spartan is in the business of manufacturing smart technology modular builds for both residential and commercial purposes, these builds incorporate green technology to achieve Net Zero Standards as well as other next generation smart technology. This smart technology will be also be used for next generation Command Center builds, stand alone educational units and more. The Spartan panelized smart technology system will be used in the renovation within hotels, office buildings, hospitals and medical offices. Spartan via their parent company FGA Partners (Falcon Global Acquisitions), works closely with developers, governments and land owners in the development of affordable, middle market and high end modular homes. As well as both small and large scale commercial projects all incorporating innovative smart technology modular construction. This is both domestically and internationally.

For more information please go to www.spartanmodular.com

About FGA Partners

FGA Partners, formerly Falcon Global Acquisitions, was founded in 1998 and is a private equity firm with a keen focus on technology driven companies in the cybersecurity, smart technologies and blockchain technology arenas. The focus is on companies that have synergy with current FGA subsidiaries, companies that may have been mismanaged, may have little to no access to additional capital or may have been stunted due to lack of organic growth. 

For more information please go to www.fgapartners.com

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in which such offer, solicitation or sale would be unlawful, and qualification under the securities laws of any such state.

This press release contains forward-looking statements. The use of any of the words “anticipate”, “believe”, “expect”, “plan”, “intend”, “can”, “will”, “should”, and similar expressions are intended to identify forward-looking statements. The forward-looking statements contained herein are based on certain key expectations and assumptions made by the Company, including but not limited to expectations and assumptions concerning the receipt of required regulatory approval. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Media Contact
Company Name: Megahoot LLC
Contact Person: Media Relations
Email: Send Email
Phone: 352-410-7436
Country: United States
Website: www.megahoot.com