CPWR Ocean Thermal Energy Corporation (CE)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

  

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (date of earliest event reported): October 27, 2015

 

TetriDyn Solutions, Inc.
(Exact name of registrant as specified in its charter)
Nevada		033-19411-C		65-0008012
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

800 South Queen Street
Lancaster, PA				17603
(Address of principal executive offices)				(Zip code)
Registrant’s telephone number, including area code:				717-715-0238
N/A
(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

EXPLANATORY NOTE

 

The information in this report, including the exhibit, is being furnished pursuant to Item 7.01 and Item 9.01 of Form 8-K and General Instruction B.2 thereunder. Such information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

 

 

ITEM 7.01—REGULATION FD DISCLOSURE

 

On October 27, 2015, TetriDyn Solutions, Inc., issued a press release, a copy of which is attached as Exhibit 99.01.

 

 

ITEM 9.01—FINANCIAL STATEMENTS AND EXHIBITS

 

The following is filed as an exhibit to this report:

 

Exhibit Number		Title of Document		Location
99		Miscellaneous
99.01		Press release dated October 27, 2015		Attached

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

	TETRIDYN SOLUTIONS, INC.
Dated: October 27, 2015	By:	/s/ Jeremy P. Feakins
		Jeremy P. Feakins
		Chief Executive Officer

 

Exhibit 99.01

TetriDyn Solutions, Inc., Announces it has Signed a Letter of Intent (LOI) with The Ameriglobal Senior Living Group, LLC

 

Lancaster, Pennsylvania, October 27, 2015 – TetriDyn Solutions, Inc. (OTCMarkets: TDYS) announced today that the company has entered into a letter of intent (LOI) with The Ameriglobal Senior Living Group, Inc. (ASLG).

 

The principal terms of the LOI consist of the following two phases:

 

Phase One: TetriDyn and ASLG agree that ASLG will carry out a beta trial of TetriDyn’s Silver Key Solution product line, including peer review, at two senior healthcare facilities in Allentown, Pennsylvania. The trial will determine the viability of the Silver Key Solution product line for the medical industry as a professional medical management and tracking solution that addresses problem areas in the healthcare segment, including issues surrounding patient care, optimized business processes for the healthcare providers, improved reporting of incidents, and increased revenues for provided services. The beta trial will last up to six months, at the end of which ASLG will present to TetriDyn a marketing plan for the Silver Key Solution product line for domestic sales and marketing, with sales projections for five years.

 

Phase Two: Provided that the results of the beta trial of the Silver Key Solution product line justify further commercialization, the parties have agreed to negotiate in good faith a technology transfer agreement that provides for ASLG to market and sell Silver Key Solution product line products throughout the United States (but not internationally) in consideration of a cash payment and a royalty on all sales during the ensuing 10 years.

 

Randall Weston, CEO of ASLG and CEO of The Weston Group, will manage and oversee the beta trial of the Silver Key Solution product line in conjunction with Weston Group IT personnel who will review and assist with the technical aspects, including making suggested modifications and enhancements to the system, if necessary.

 

About TetriDyn Solutions, Inc.

TetriDyn Solutions, Inc. provides business information technology (IT) solutions primarily to the healthcare industry. The company’s business IT solutions fall into four major categories: Silver Key Solution, ChargeCatcher Revenue Recovery Services, Healthcare Software Solutions, and Consulting Services. Silver Key Solution is the company’s radio-frequency identification (RFID) product. Silver Key addresses problem areas in the healthcare segment, including issues surrounding patient care. It creates an integrated system that includes hardware devices worn by individuals, communications equipment, complex databases, and software systems that provide reporting and analysis tools. In 2011, the company established its first beta-test sites for healthcare RFID solutions that include automatic patient fall detection, motion detection, identification of location within a facility, and proximity of facility employee to facility resident. ChargeCatcher Revenue Recovery Services is the company’s new proprietary product. ChargeCatcher specifically targets revenue recovery in hospital environments. It performs advanced data mining and statistical correlation methodologies on a hospital’s chargeable items, while also employing artificial intelligence algorithms, to identify services and materials that were expended but never billed. The company provides consulting services to customers needing assistance with various aspects of their IT services. It offers enterprise IT assessments, policy and procedure review and creation, IT strategic planning, and project management and planning.

 

 

Use of Forward-Looking Statements

 

This press release contains forward-looking statements such as the statements regarding TetriDyn’s plans or expectations for the beta trial of Silver Key Solutions on the terms in the LOI. These statements involve risks and uncertainties that can cause actual results to differ materially from those in such forward-looking statements. These risks and uncertainties, include, without limitation: a decision by any of the interested parties to not enter into a definitive agreement; the inability of the parties to successfully negotiate and enter into a definitive agreement; the inability of the parties to meet every closing condition contained in such definitive agreement and the protection and maintenance of TetriDyn’s intellectual property rights. Additional information and factors that could cause actual results to differ materially from those in the forward-looking statements are contained in TetriDyn’s periodic reports filed with the Securities and Exchange Commission under the heading “Risk Factors.” Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made, and the facts and assumptions underlying the forward-looking statements may change. Except as required by law, TetriDyn disclaims any obligation to update these forward-looking statements to reflect future information, events or circumstances.

 

CONTACT:

Becky Wink

Investor and Media Relations

717-715-0238

Becky.Wink@jpfventures.com