Powersafe Technology Corp. (PSFT/PSFT.OB) Wrap Up:

Powersafe Technology Corp. focuses on manufacturing and distributing multiple outlet power box. It owns the technology and patent ‘Power Outlet Box with Special Protection Logic’ for multiple outlet power box with selectively protected outlet logic. The company intends to develop a prototype, which would be used to develop and manufacture the actual product. It seeks third-party entities interested in potential partnership opportunities and licensing rights to manufacture and market the product. The company also intends to market the product to individuals for home and business use. Powersafe Technology Corp. was founded in 2007 and is based in Tel Aviv, Israel.