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.
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.
"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.