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Ozop Surgical Corp Announces Sale for Renewable Energy Project Managed by the U.S. Army Corps of Engineers

Contract received for AC inverters is second project at Bonneville Lock and Dam

WARWICK, NY., July 15, 2020 (GLOBE NEWSWIRE) -- Ozop Surgical Corp (OZSC), (“Ozop” or the “Company”), announced today that its wholly owned subsidiary, Power Conversion Technologies, Inc. (PCTI), has received an order through a third party for support with a large renewable energy project managed by the U.S. Army Corps of Engineers. PCTI will develop and deliver highly specialized DC/AC converters for use at the Bonneville Lock and Dam, a hydroelectric power generating plant in the Columbia River Gorge.

The project has features rarely seen in the power industry, including dual high current, low voltage DC inputs, at a higher output power rating, which require the use of some of the largest integrated power modules available today. This purchase marks the second order from this customer, which began relying on PCTI equipment in 2006.

“We worked closely with this customer to refine the high-performance design parameters, demonstrating the degree to which clients rely on our unique expertise and specialized manufacturing,” said Catherine Chis, President and CEO of PCTI. “This project highlights our ability to provide custom solutions in the high power, renewable energy markets. It’s exciting to see increased interest from the U.S. Government’s to invest in the renewable energy sector, and I feel that PCTI is poised to capitalize on the growth of these sustainable industries.”

Built in 1938, the Bonneville Lock and Dam was the first federal lock and dam on the Columbia and Snake Rivers. Today, its two powerhouses consist of 18 generators, with a combined total output of 1.2 MW.

PCTI designs, develops and manufactures standard and custom power electronic solutions. The company has served the growing demand for power electronics in the highest power ranges since 1991. Customers include the U.S. Military and many of the world’s largest industrial manufacturers. All of its products are manufactured in the United States, and its facilities have remained open throughout the COVID-19 pandemic because of its status as an essential, defense-related industry.


William Yargeau brings a track record of strong growth at industrial sales companies

WARWICK, NY., July 09, 2020 (GLOBE NEWSWIRE) -- Ozop Energy Solutions(OZSC), (“Ozop” or the “Company”), has announced that its wholly owned subsidiary, Power Conversion Technologies, Inc. (PCTI), has appointed William “Bill” Yargeau to the position of vice-president of business development. He is tasked with growing revenue and leveraging his experience as a strategic sales leader to enhance the company’s marketing planning, revenue forecasting, and communications processes.

Yergeau has more than 30 years of experience as a sales and operations professional responsible for delivering and sustaining new revenue. Prior to joining PCTI, Yargeau served in several leadership roles globally for a $2.4 billion, NYSE-traded industrial goods company, where he developed sales and marketing plans. During this time, he created innovative sales strategies as a key member of a global sales team that generated revenue increases of over $120 million company wide. For two years, Yargeau served as director of global sales, service and business development at Automated Precision, where he was responsible for year-on-year sales growth of 12 percent.

“Bill is exactly what the business needs right now to execute our plan for capturing a portion of the rapidly growing energy storage market,” said Catherine Chis, President and CEO of PCTI. “PCTI has had tremendous success in meeting the needs of the utilities and other players for high power conversion technologies, and we’re certain Bill can leverage it. He brings decades of experience selling to aerospace, defense, wind power, and heavy extractive industries, the same markets in which our products are in demand.”

PCTI designs, develops and manufactures standard and custom power electronic solutions. The company has served the growing demand for power electronics in the highest power ranges since 1991. Customers include the U.S. Military, and many of the world’s largest industrial manufacturers. All of its products are manufactured in the United States, and its facilities have remained open throughout the COVID-19 pandemic because of its status as an essential, defense-related industry.

Ozop Surgical will become Ozop Energy Solutions to reflect new strategy

WARWICK, NY., June 29, 2020 (GLOBE NEWSWIRE) -- Ozop Surgical Corp. (OZSC), (“Ozop” or the “Company”), is pleased to announce that it has completed its acquisition of Power Conversion Technologies, Inc. (PCTI), a 29-year-old manufacturer of high power solutions for energy storage, defense, maritime power, and other industries. Ozop will adopt its new name, Ozop Energy Solutions, to reflect the new strategy resulting from this exciting acquisition.

"This merger signifies a milestone in a strategic vision to capture a major portion of the $36 billion global power technology market,” said Brian Conway, CEO of Ozop Energy Solutions. “PCTI has carved a unique niche that has made it a global player in the high-powered engineered products sector. There is great demand for their products across myriad applications, and they are one of the few companies in the world that can manufacture and deliver innovative customized products in the higher power ranges. That presents a tremendous opportunity to create significant shareholder value.”

PCTI designs, develops and manufactures standard and custom power electronic solutions. PCTI has served the growing demand for power electronics in the highest power ranges since 1991. Customers include the U.S. Military, and many of the world’s largest industrial manufacturers. All of its products are manufactured in the United States, and its facilities have remained open throughout the COVID-19 pandemic because of its status as an essential, defense-related enterprise.

“This transaction takes PCTI public, and allows us to drive our investment into the booming energy storage market, which Forbes estimates will grow from $59 billion in 2019 to $546 billion by 2035,” said Catherine Chis, President and CEO of PCTI. “Our products, technologies and expertise are a linchpin of this emerging industry.”




On February 28, 2020, Ozop Surgical Corp. (“we,” “us,” “our,” “OZOP,” or the “Company”) entered into a Binding Letter of Intent (the “LOI”) with Power Conversion Technologies, Inc., a Pennsylvania corporation (“PCTI”), and Catherine Chis (“Chis”), PCTI’s Chief Executive Officer (“CEO”) and its sole shareholder. Pursuant to the terms of the LOI, the Company will acquire 100% of the issued and outstanding shares of PCTI (the “PCTI Shares”) from Chis (the “Acquisition”) in consideration of (a) the issuance by the Company to Chis of (i) 47,500 shares of the Company’s Series C Preferred Stock (pursuant to an amended certificate of designation to be filed prior to closing the Acquisition), (ii) 18,667 shares of the Company’s Series D Preferred Stock (pursuant to a certificate of designation to be filed prior to closing the Acquisition), (iii) 500 shares of the Company’s Series E Preferred Stock (pursuant to a certificate of designation to be filed prior to closing the Acquisition); and (b) the Company paying $400,000 to PCTI in multiple tranches, with an initial tranche or tranches totaling $100,000 within 90 days from the signing of the LOI and with the aggregate of $400,000 being paid in full at the latest upon execution of a definitive purchase agreement or at such other date as shall be agreed to by the parties.

Link to LOI   https://www.sec.gov/Archives/edgar/data/1679817/000155479520000053/ozsc0227form8k.htm
 

OZSC: Power Conversion Technologies, Inc. – Bids On Contract For US Air Force

Ozop Surgical Corp.June 2, 2020 GMT
 

WARWICK, NY., June 02, 2020 (GLOBE NEWSWIRE) -- Ozop Surgical Corp. (OTCPK: OZSC), (“Ozop” or the “Company”), today announced that Power Conversion Technologies, Inc. (“PCTI”), has recently been included in a bid issued by a defense contractor for the US Air Force for the manufacture of various power converter modules for two prototype flight-line power carts as part of the Air Force’s Flightline of the Future effort equipment and communications modernization effort. Currently the Air Force uses older diesel engine driven generators and is looking to switch to pure battery powered carts. The Air Force currently has 4,500 generator, primarily diesel engine driven. The intention of this effort is to replace them with efficient, quiet battery-powered carts. Management believes that with its numerous years of experience in the field working with the Air Force, other branches of the DOD as well as previous similar successful projects with this client, it is well positioned to be selected for this contract. The average revenue per cart for PCTI is estimated to be between $80,000 and $100,000 depending on quantity. PCTI President Catherine Chis commented “We had an excellent collaborative relationship with this client on a previous project. Our team would enjoy working with them again on this important opportunity for the modernization effort for the Air Force.”

 

Who is 

Power Conversion Technologies, Inc.

PCTI designs and manufactures power conversion technology in the highest power ranges


  •  
 
About PCTI (Power Conversion Technologies, Inc.)

About PCTI

 
About Power Conversion Technologies, Inc. (PCTI) - Cathy Chis

DBE Woman-Owned Business

Power Conversion Technologies, Inc., a certified DBE Woman-Owned business, designs and manufactures equipment in response to the growing demand for power electronics in the highest power ranges.  PCTI has been addressing a new era in power electronics as applied to industrial equipment since 1991.

About Power Conversion Technologies, Inc. (PCTI) - Engineering

PCTI's Engineers

PCTI’s engineering staff has in-depth knowledge in the key areas of power conversion such as power semiconductor analysis and application, thermal exchange, magnetic design, packaging, DSP (digital signal processor) control for converters/inverters, embedded system design, digital communication, and HMI (human machine interface).

About Power Conversion Technologies, Inc. (PCTI) - DSP

Leading Edge Designs

Our leading edge designs incorporating our 6th generation of DSP control compliment our customers emerging applications such as an arc-heated hypersonic wind tunnel or a hybrid electric flightline ground support generator system.
About Power Conversion Technologies, Inc. (PCTI) - Cathy & Igor

Quality and Value

New materials and components are continually analyzed so that we may be able to pass increased quality and decreased cost on to the customer.  Equipment manufactured at PCTI has been designed for production efficiency and maintainability in order to provide the best value for the customer. PCTI’s staff has industrial applications expertise in the power conversion field dating from the introduction of industrial power electronics in the 1960’s to the modern industrial applications existing today and those that will exist tomorrow.

Globally Known

Our customers are located throughout the world in Europe, Asia and the United States and include general industrial customers, and military customers both domestically and internationally.  Some of our typical applications include heavy industrial applications, equipment for research laboratories, aircraft ground support, battery chargers, metal finishing, testing, water conditioning, electrochemical processes, transportation, custom distribution equipment and telecommunications. 

 

Welcome to PCTI.
 
PCTI Overview
Since 1991, PCTI has designed, developed, and manufactured highly reliable standard and custom power electronic solutions in the highest power niche.
 
PCTI's Product Lines
Our products include DC power supplies, battery chargers, power inverters, and frequency converters.
 
PCTI's Mission
Our mission is to be the global leader for high power electronics with a standard of continual innovation.
 
PCTI's Customers
Our power electronic solutions are trusted by these customers and others like them.
 
Industries PCTI Serves
PCTI provides quality power electronics to many industries.
 
DC Power Supplies
PCTI manufactures DC power supplies for aircraft ground support, military, and industrial applications.
 
Battery Chargers
PCTI manufactures battery chargers for military and industrial applications.
 
Power Inverters
PCTI manufactures DC/AC, DC/DC, and AC/AC power inverters.
 
Third Rail Inverters
PCTI manufactures DC/AC and portable third rail inverters.
 
Frequency Converters
PCTI manufactures frequency converters for aircraft ground support.
 
High Power Projects
A few examples of various high power projects we have manufactured.
 
Custom or Technically Difficult Projects
PCTI has the ability to tackle unusual or difficult projects.
 
Commitment to Innovation
Our designs are as advanced or more advanced than large electrical conglomerates.
 
Emerging and Critical Applications
The following are examples of emerging and critical applications that uses our equipment.
 
Primary Toplogies
We manufacture equipment using the following primary topologies.
 
Universal DSP Controller
All of PCTI's products are equipped with a sophisticated control system utilizing digital signal processor (DSP) control based on IGBT PWM technology.
 
Key Benefits of DSP Control
Decreased Cost of Control- one board hardware solution Increased Performance – Real time monitoring of operating conditions Increased reliability Increased energy efficiency Increased design flexibility due to software Increased remote capability Can program or troubleshoot via internet Real time data logging Option for any industrial communication interface (Ethernet, Modbus, CANbus, IEEE 488.2/GPIB, RS232, RS485)
 
Cathy Chis
Cathy Chis is a founder and president at PCTI.
 
Mihai Chis
Mihai Chis is a founder and power conversion specialist at PCTI.
 
21st Century Power Conversion Solutions
Power Conversion Technologies, Inc. is providing 21st century power conversion solutions.
Exit full screen
 
 
 

Want to know even more?

Check out this video about our company:

 

PCTI is a regular manufacturer of the following products:

 
DC & AC Power Supplies

Our DC power supplies use a multipulse SCR / IGBT design to achieve high efficiency, low ripple, precise regulation and low output noise, available in ratings from 5KW to 20MW.

 
High Voltage Battery Chargers

PCTI offers rugged high-current battery chargers to meet all of your high-current industrial charging applications from 5KW to 2MW.

 
Converters/Inverters

DC/DC, DC/AC, AC/AC, solar cell power stations, power transmission, electrostatic precipitator

 
400Hz Aircraft Ground Support Equipment

Distribution equipment, gate boxes, switchboards, line drop compensators, line protection modules

 
Power Electronic Modules

Integrated modules with IGBTs, SCRs, MOSFET, Diodes, GTO, GTC-Bipolar

 
Other Power Electronic Products

Prototyping, R&D, consulting

PCTI Customers

 

Because power electronics permeate every industry, PCTI customers span a wide spectrum of applications. Our applications range from testing utility circuit breakers to charging submarine batteries for use in submarines and many others.

The following is a sample of our customer base and their applications.

US Army

PCTI Customers - US Army

Applications
400Hz Frequency Converters for Aircraft Ground Support, Battery Chargers, Heavy Engine Starting, Plating Power Supplies

US Navy

PCTI Customers - US Navy

Applications
Submarine Battery Chargers, Converters for Aircraft Ground Support, Missile Launching Power Supply, DC Power Supplies for Communications, Inverters for Solar Power Offshore Platform

US Air Force

PCTI Customers - US Air Force

Applications
400Hz Frequency Converters for Aircraft Ground Support, Battery chargers, Research Laboratory

US Marines

PCTI Customers - US Marines

Applications
Avionics Maintenance Shops, Aircraft Ground Support, Load Sense Circuitry

Georgia Power

PCTI Customers - Georgia Power

Applications
Utility Circuit Breaker Testing

Bae Systems

PCTI Customers - Bae Systems

Applications
Computer Controlled Battery Chargers

Eaton

PCTI Customers - Eaton

Applications
Circuit Breaker Testing Equipment

Delphi

PCTI Customers - Delphi

Applications
Testing Power Supplies

Ford

PCTI Customers - Ford

Applications
Overhead Cranes

Exelon

PCTI Customers - Exelon

Applications
Utility Circuit Breaker Testing

Caterpillar

PCTI Customers - CAT

Applications
Overhead Cranes

Oxy

PCTI Customers - Oxy

Applications
Chlor-Alkali Plant

General Dynamics

PCTI Customers - GD

Applications
Submarine Telecommunications System

Mitsubishi

PCTI Customers - Mitsubishi

Applications
Circuit Breaker Testing Equipment

General Motors

PCTI Customers - GM

Applications
Coating Systems

NASA

PCTI Customers - NASA

Applications
Ground Power for Space Shuttle Payloads



On closing of the merger, PCTI President Chis will receive:

47,500 shares of Series C Preferred stock
18,667 Shares of Series D Preferred Stock
500 shares of Series E Preferred Stock
$400,000

Series C Stock:

Voting Rights: Two times the sum of all the number of shares of other classes of Corporation capital stock eligible to vote
Conversion Rights: Each share convertible into one share of the Common Stock
Redemption Rights: None
 

Series D Stock:

Voting Rights: None
Conversion Rights:  Determined by multiplying the number of issued and outstanding shares of common stock of the Company on the date of conversion, by 3.00.
Redemption Rights: None
 

Series E Stock:

Voting Rights: None
Conversion Rights: None
Redemption Rights: May be redeemed by the corporation for $1,000 per share

Source: Binding Letter of Intent dated Feb 28, 2020
 

Share Structure:

Outstanding Common Shares  3,107,043,764 as of Sep 1, 2020, per TA  Up  422,377,302 (16%) from July 1, 2020
Authorized Shares  4,990,000,000  
     
 
Transfer Agent: VStock Transfer LLC


Ozop Share chart
Data Source: Ozop filings and OTC Markets

 


 

 

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OZSC News: Amended Quarterly Report (10-q/a) 11/19/2021 11:56:32 AM
OZSC News: Quarterly Report (10-q) 11/18/2021 09:37:44 AM
OZSC News: Current Report Filing (8-k) 11/17/2021 03:11:08 AM
OZSC News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 11/16/2021 01:05:41 AM
OZSC News: PHBI Brings Tissue Culture To $6 B Cannabis Mrkt - Watch For PPS Breakout 11/11/2021 09:15:20 AM
PostSubject
#24466  Sticky Note Now that Cathy has retired.........how can the company Magnum7419 10/21/21 02:37:46 PM
#24204  Sticky Note Ozop Energy OZSC Executes Letter of Intent with AbleBody77 06/09/21 09:49:45 AM
#23414  Sticky Note New O/S 4,009,133,407 BILLION SHARES March 1, 2021 uber darthium 03/01/21 11:24:43 AM
#9239  Sticky Note It's a bit unclear how or when discussion IH Admin [Edward] 06/12/20 07:01:25 PM
#24548   One has to wonder how much CONway will uber darthium 11/26/21 10:26:48 AM
#24547   Great news !!! Long OZSC !!! jfordosi 11/26/21 09:50:42 AM
#24546   https://www.globenewswire.com/news-release/2021/11/26/2341558/0/en/Ozop-Energy-S joel50 11/26/21 09:38:54 AM
#24545   How is OZSC going to pay off all TMaga 11/23/21 03:49:24 PM
#24544   Ok thanks take care, hope u find what Chrism0000 11/20/21 07:30:15 PM
#24543   WOW!!!!!! This is what some on TMaga 11/19/21 06:15:56 PM
#24542   Run for the hills fromtheuk 11/19/21 11:24:51 AM
#24541   https://www.sec.gov/Archives/edgar/data/0001679817/000149315221029205/form10-q.h Bizdevguy 11/18/21 04:37:14 PM
#24540   Yikes...and here I am upset about the bags kill_rogue 11/18/21 10:56:12 AM
#24539   Oz is in the first steps of a JimmyCrickets 11/17/21 09:29:36 PM
#24537   dud u soooooooooooo wrong. we need more prs 1hot toddy 11/17/21 05:47:09 PM
#24535   851K SHARE BUY @ .066 $50K BUY $$$$$$$$$$$ 1hot toddy 11/17/21 05:35:57 PM
#24534   Interesting.... LetGoodTimesRoll 11/17/21 04:26:50 PM
#24533   To each his own!! Chrism0000 11/17/21 04:10:12 PM
#24531   This company is a scam! Sell everthing and Tony5885 11/17/21 12:08:05 PM
#24530   I’m holding until at least June 2022. Maybe urkidding1 11/17/21 05:00:35 AM
#24529   420K SHARE BUY @.06 MONSTER HERE BOYS ALOT 1hot toddy 11/16/21 11:34:06 PM
#24528   we got ev charging plus tons of other 1hot toddy 11/15/21 08:18:29 PM
#24527   Lets hope tomorrow is even better !!! jfordosi 11/15/21 07:14:34 PM
#24526   What a solid day. swim 11/15/21 06:06:32 PM
#24525   Agreed. Awesome investment!! LetGoodTimesRoll 11/15/21 05:50:55 PM
#24524   UP!! 7K at this time. :) Chrism0000 11/15/21 04:21:57 PM
#24523   I was under a penney--but prob the 008 theswordman 11/15/21 04:13:31 PM
#24522   10 CENTS ON THE WAY !!! No Scam !! jfordosi 11/15/21 02:55:15 PM
#24521   OZSC IS A CONway SCAM uber darthium 11/15/21 02:31:08 PM
#24519   i bought oz at .004, last year, then 1hot toddy 11/15/21 12:50:49 PM
#24518   A lot of people made Big bucks last time. jfordosi 11/15/21 12:26:32 PM
#24517   When was OZSC in trips ? Magnum7419 11/15/21 12:07:14 PM
#24516   He had OZSC in trips and sold over .10cents Expensivetaste281 11/15/21 10:00:56 AM
#24515   Hope all here that post have a great fromtheuk 11/13/21 04:05:39 PM
#24514   Movement. $OZSC$ AbleBody77 11/11/21 10:22:59 AM
#24513   Just make it easy for yourself, Mute!! Chrism0000 11/11/21 08:24:05 AM
#24512   That is for now. But this company isn't strawpatch 11/10/21 05:14:23 PM
#24511   QQ… considering they are a reseller, and dont fromtheuk 11/10/21 04:53:46 PM
#24510   Revenues with .00000005% profit and overhead wiping anything uber darthium 11/10/21 03:43:15 PM
#24509   Revenues looking really good for 3Q, really good.... strawpatch 11/10/21 01:59:37 PM
#24508   MONSTER 809K SHARE BUY @ .0435 FINALLY OUR 1hot toddy 11/10/21 01:51:12 PM
#24507   Please explain how "he" made u a millionaire ? Magnum7419 11/03/21 04:36:14 PM
#24506   Wow magnum still salty lmao Najeem 11/02/21 11:30:51 PM
#24505   thanks for sharing Magnum7 02opida 11/01/21 09:02:53 AM
#24504   morning OZSC 02opida 11/01/21 09:02:29 AM
#24503   "Mr. Conway agrees that Mr. Conway will not Magnum7419 10/31/21 03:52:29 PM
#24502   Employment Agreement Magnum7419 10/31/21 03:49:48 PM
#24501   Item 2. UNREGISTERED SALES OF EQUITY SECURITIES Magnum7419 10/31/21 03:47:04 PM
#24500   NOTE 15 – SUBSEQUENT EVENTS Magnum7419 10/31/21 03:40:18 PM
#24499   Here is some interesting reading on a slow Magnum7419 10/31/21 02:50:08 PM
#24498   "The Office of the Whistleblower was established to Magnum7419 10/31/21 02:21:52 PM
#24497   BooksAndNoise · 12d Nothing like signing an NDA and then instantly Magnum7419 10/31/21 02:13:21 PM
#24496   Why is it only the select Magnum7419 10/31/21 02:08:00 PM
#24495   OZSC=CONway SCAM uber darthium 10/31/21 11:40:53 AM
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