Intelligent Highway Solutions, Inc. (OTCPK:IHSI) signed a letter of intent to acquire Fazync LLC on July 24, 2017. Intelligent Highway Solutions signed a memorandum of understanding to acquire Fazync LLC on September 19, 2017. As per the memorandum, Intelligent Highway Solutions will own 20% equity interest in the Fazync Phase Angle Synchronization equipment and the inventor will own the balance of the interest. Intelligent Highway Solutions, Inc. (OTCPK:IHSI) completed the acquisition of Fazync LLC on January 10, 2018.