Movement Industries Corp. announced that the company has signed a Binding Letter of Intent for the acquisition of Predominant Pumps. Mr. Sami Suheil, current CEO of Predominant Pumps, will be joining the Movement Industries management team and will also serve as a member of strategic direction team. Mr. Suheil, a serial entrepreneur in the energy space, previously founded two companies, vMonitor and Merla Wellhead Services, that were sold within 5 years to U.S. publicly-traded companies in separate transactions.