ZYTO Corporation announced today that it has acquired substantially all of the assets and employees of a solar energy business and software company known as Kailo Energy in an all-stock transaction. Prior to this acquisition, ZYTO was focused on the design of biocommunication technology to facilitate decision making about health and wellness options. ZYTO was founded by its CEO Dr. Vaughn R Cook, OMD.
Kailo Energy has developed a solar rechargeable mobile power storage unit and is developing a complete smart home energy solution which will allow home owners to fully control the collection, storage and use of their electricity. Kailo Energy systems will allow home owners to decide from which source they collect their energy (solar, grid or any other energy source) and how they manage and use their electricity. Kailo Energy's proprietary electronics and high-tech software system will take advantage of the booming solar energy market.
Dr. Cook, founder of ZYTO and an investor in Kailo Energy, said, "This exciting new business direction will give ZYTO shareholders an increased chance at realizing an appreciation in the value of their stock. Kailo is an exciting company with an amazing product in a field experiencing stunning growth. I believe the Kailo acquisition is a great way to maximize future value for our shareholders."
“Whatever our individual goals and ideals are Kailo Energy understands a sustainable energy solution is more than a solar panel and a battery. In order to build the ‘whole and complete’ energy system a software management and interaction solution is necessary. Creating a system that efficiently collects, stores, and manages the usage of our energy is essential and technology is the key to creating the whole and complete energy ecosystem,†states the company’s website.
