Cleartronic Inc. (OTCBB: CLRI) climbed 59.1% price Thursday to 1.4 cents, on the launch of a new business unit. Volume as the clock approached noon ET Thursday was 167,500 shares.

A news release put out August 4 noted that the Boca Raton, FL-based technology company Cleartronic, Inc., a leader in the development and commercialization of unified communications technology through wholly owned subsidiary VoiceInterop, Inc., announced today the formation of PeakPowerNet as a new business unit focused on energy consumption management.

“With global demand outstripping energy supply,” Cleartronic CEO Dana Waldman was quoted in the same release, “we believe there are significant opportunities to capitalize on strategies and technologies aimed at reducing energy demand, and especially reducing wasteful energy consumption. In PeakPowerNet and its product applications, we see ways to monetize this potentially significant opportunity, even while helping people more effectively manage their own energy consumption.

Waldman concluded, “In a word, we are bringing true ‘smarts’ to smart-grid technology. This is not only an exciting development for our company, but represents a strongly positive structural change in the way energy consumers will live.”

Cleartronic, Inc. is a technology holding company that creates and acquires operating subsidiaries to develop, manufacture and sell products, services and integrated systems serving a range of market applications, from business enterprises to consumer products and services.