Peat Resources Limited is currently a Toronto-based clean energy company, listed on the TSX Venture Exchange, which was formed to develop and produce peat fuel.

On February 8, 2016, Peat Resources announced their intent to "evaluate specific technology-based alternatives to the Company’s current business"

Specifically, Peat Resources has begun to evaluate of technology-based initiatives in the mobility space, including gesture recognition, image and motion sensing technology.

Peat will be further assessing the market segmentation of the mobility space, with intent to deliver recommendations to shareholders as required, and an overview at its upcoming Annual General Meeting.