Baltimore Securities PLC, a fallen star in the IT security business,has announced it is moving into the clean energy solutions business.
Now just a cash shell, Baltimore was once a $5 billion company in the security market, but has spent more than a year of selling off its
operations, leaving a cash shell worth around $22 million.
operations, leaving a cash shell worth around $22 million.
The firm says it plans to change its name and acquire an as-yet,
unnamed company, to help it move into the market of assisting firms
in cutting their energy supply bills.
unnamed company, to help it move into the market of assisting firms
in cutting their energy supply bills.
"The company plans to build a leading business focused on providing
commercially competitive clean energy solutions to industrial and
commercial consumers," Baltimore said in a press statement.
commercially competitive clean energy solutions to industrial and
commercial consumers," Baltimore said in a press statement.
Web... www.baltimore.com
