Hanover Portfolio Acquisitions, Inc. executed a letter of intent to acquire 70% stake in Pulsed Energy Technologies, LLC on January 8, 2013. As a part of the transaction, Hanover Portfolio will acquire all of the intellectual property, assets, and accounts receivables of Pulsed Energy Technologies. The transaction is expected to be accretive to Hanover Portfolio shareholders through immediate revenue generation. Andrew Haag of Hampton Growth acted as investor relations advisor.

Hanover Portfolio Acquisitions, Inc. cancelled the acquisition of 70% stake in Pulsed Energy Technologies, LLC on January 8, 2014.