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People need to be patient here. When they released their first product there wasn't one complaint about quality. These things take time and I'm not going to be pretend that I know what's involved in the manufacturing process here either, but I do know that Alex is not going to release a product until it's perfect.
That's a great starting line up!
** PR ** UATG Subsidiary Expands Online Sales
https://www.marketwatch.com/story/umbra-applied-technologies-group-subsidiary-expands-online-sales-2018-04-03?siteid=nbsh
Umbra Applied Technologies (UAT) announced today that it has begun the expansion of it's Amazon presence in preparation for its full Hygieia product line launch. Hygieia is now available on Amazon Prime as will the rest of the Hygieia line of products. There are approximately 80 million Amazon Prime members which equates to 64% of households in the U.S.
Chief Executive Officer, Alex Umbra stated, "Four out of every ten dollars spent online in the U.S. is with Amazon. That is 43% of the total U.S. retail dollars spent are channeled through Amazon. Eighty percent of online growth comes directly from Amazon sales. This type of market presence solidified why Amazon was always going to be a part of our retail apparatus and I must say that Hygieia has been very well received via this retail platform".
The focus on Amazon as a retail partner is in keeping with UAT's focus on expansion and growth as they continue to build the branding of its stable of advanced products. With this being the first retail outlet announced and, with recent comments from UAT Groups CEO stating that the company is focused on expanding its relationships with other manufacturers, the further expansion of the company's footprint across multiple market segments is assured to continue.
Umbra added, "U.S. online sales grew faster in 2016 than they had in the previous three years and constitute 11.7% of the overall retail sales in this country. As online sales have grown, sales at traditional brick-and-mortar stores have eroded, exacerbated by an overbuilt traditional retail industry. Stores are closing in almost every market. Major retailers like Sears and Macy's have closed hundreds of stores. This is why our strategy is to focus on online marketing to support our online sales. We feel this is the fastest and most efficient way to top line growth with the best ROI in terms of marketing dollars spent".
The company indicated that it is currently preparing to release its high-performance crew and ankle socks as well as its much-anticipated boxer briefs and bedding line. The bedding line featuring its SleepSafe technology is scheduled to be released in Q2 of this year beginning with what the company calls the most comfortable and last pillow will you every own.
In the past 6 months, UAT has reorganized its debt and paid down the majority of its notes to keep in line with the company's plan to complete its audited financials and eventually up-list to a senior exchange. This will help to strengthen the company's banking relationships and credit lines as it prepares to expand its operations across all divisions.
There won't be a reply because the post is completely false. Games. Games. Games.
Just received an email from UAT.
https://mailchi.mp/7b9c445e3c91/uat-advanced-research?e=17e4e15654
Applied Sciences Division.
UAT's Applied Sciences Division (ASD) is the nerve center that connects all of UAT's divisions. It offsets technological breakthroughs that may be applicable to the the current work being done in the company's other divisions.
ASD is an advanced prototyping and research division that investigates how much farther into the future we can go. This is where imagination meets innovation and where anything is possible
Take a look at just some of what ASD, or as we refer to it internally, Scorpion Works is currently working on: Scorpion Video
Here is the link to the video:
I have been thinking this for some time. I'm with you - holding long. I know it will all make sense soon.
** PR ** UATG Moves Delaware Based Subsidiary To Florida
https://www.marketwatch.com/story/umbra-applied-technologies-group-moves-delaware-based-subsidiary-to-florida-2018-02-13-9184152?siteid=nbsh
TAMPA, Fla., Feb 13, 2018 (GLOBE NEWSWIRE via COMTEX) --
via OTC PR WIRE--Umbra Applied Technologies Group (uatg:PK) announces today that it has relocated its corporate domicile from Delaware to Florida in support of its import/export execution strategy.
Chief Executive Officer, Alex Umbra stated, "In keeping with strategic imperatives we will re-domicile the subsidiary UAT from Delaware to Florida. This change will bolster and ameliorate our import/export apparatus so that we can continue to deliver superior products to our customers at the best possible price".
The relocation of Umbra Applied Technologies to Florida comes on the heels of a recent change to the corporate structure of the parent company, indicating that the company intends to deliver on its stated intention to up-list to a premium market. When speaking with Chief Financial Officer Thomas Crom he emphasized, "Operating in an increasingly integrated world economy, UAT is positioning itself to better respond to both risk and opportunity while expanding on infrastructure that supports product delivery to the consumer".
The company continues to expand its retail footprint with the recent addition of Amazon as a retail platform. In a recent interview Mr. Umbra stated," In a volatile macroeconomic environment its important to remain disciplined so as to balance corporate expansion with top line growth. For example, in an M&A strategy, the returns on a spreadsheet may appear appealing but the allure of immediate capital must be tempered with an executable strategy that delivers both revenue and sustainable growth. Being mindful of a structure that focuses on delivering retained earnings rather than focusing on building an impressive operating income helps to create realized growth opportunities. Corporate governance that structures shareholder value into every decision is critical when strategically repositioning any company especially one that has had to overcome significant obstacles. The last thing you want to have happen is a critical mistake being made, that compromises investor confidence, moments before you pass the finish line. Patience is key".
The company further indicated that it is currently reviewing multiple acquisition opportunities in furtherance of its previously stated corporate objectives to build on existing technologies and expand its stable of advanced technologies. Additionally, the company is screening multiple candidates to add to its team of highly trained professionals. The company continues to expand its sales and distribution channels and intends to hire an additional 15 employees by the end of the year.
Same here - email from UATG stating they are now on Amazon!
Thanks for sharing Gordo.
I recall an interview that Alex did where he rejected the idea of entertaining a r/s, BUT suggested something different to his lawyers/bankers. Here's another hint of something that is outside the norm to raise the pps and get the company more inline with where it should be. Start the video at 18:00 and listen for a couple minutes.
Summed up perfectly!
Pleasantly surprised this week by movement. I expected a red day (or two) and some consolidation before the next leg up. Shareholder letter has given shareholders and those looking to start a position confidence - that main ingredient was lacking. It's going to be one exciting year!
Located within http://www.acquiscapital.com/.
Here are 2nd Quarter 2017 OTC graduates (17 total) (10 QX, 5 QB and 2 PINK)
April 11, 2017 - Goodrich Petroleum Corporation (NYSE Mkt: GDP)
April 13, 2017 - FNB Bancorp (NASDAQ: FNBG)
April 19, 2017 - SilverSun Technologies, Inc. (NASDAQ: SSNT)
April 19, 2017 - Yangtze River Development Limited (NASDAQ: YERR)
April 26, 2017 - Catasys Inc. (NASDAQ: CATS)
May 5, 2017 - SilverBow Resources, Inc. (NYSE: SBOW)
May 9, 2017 - Guaranty Bancshares, Inc. (NASDAQ: GNTY)
May 10, 2017 - Vistra Energy Corp. (NYSE: VST)
May 10, 2017 - Farmers & Merchants Bancorp Inc. (NASDAQ: FMAO)
May 15, 2017 - Silvercorp Metals Inc. (NYSE Mkt: SVM)
May 17, 2017 - Nexgen Energy Ltd. (NYSE Mkt: NXE)
May 24, 2017 - Celsius Holdings, Inc. (NASDAQ: CELH)
June 9, 2017 - Immuron, Ltd. (NASDAQ: IMRN)
June 16, 2017 - Boston Omaha Corporation (NASDAQ: BOMN)
June 21, 2017 - Youngevity International, Inc. (NASDAQ: YGYI)
June 26, 2017 - Checkpoint Therapeutics Inc. (NASDAQ: CKPT)
June 30, 2017 - Precipio, Inc. (NASDAQ: PRPO)
Q3 2017 OTC Graduates Below. Majority were listed on the QB.
July 11, 2017 - Sierra Metals, Inc. (NYSE Mkt: SMTS)
July 13, 2017 - BBX Capital Corporation (NYSE: BBX)
July 14, 2017 - MYnd Analytics, Inc. (NASDAQ: MYND)
July 17, 2017 - Auryn Resources Inc. (NYSE Mkt: AUG)
July 19, 2017 - Coda Octopus Group, Inc. (NASDAQ: CODA)
July 25, 2017 - BIO-key International, Inc. (NASDAQ: BKYI)
July 27, 2017 - Caledonia Mining Corp PLC (NYSE Mkt: CMCL)
July 31, 2017 - Tyme Technologies, Inc. (NASDAQ: TYME)
August 1, 2017 - Bank Princeton New Jersey (NASDAQ: BPRN)
August 2, 2017 - Aspen Group Inc. (NASDAQ: ASPU)
August 3, 2017- Citius Pharmaceuticals Inc. (NASDAQ: CTXR)
August 10, 2017 - Eastside Distilling, Inc. (NASDAQ: ESDI)
August 16, 2017 - Kirkland Lake Gold Ltd. (NYSE: KL)
August 29, 2017 - Opiant Pharmaceuticals, Inc. (NASDAQ: OPNT)
September 13, 2017 - Fennec Pharmaceuticals, Inc. (NASDAQ: FENC)
Really like the design here and glad they are releasing multiple colors too.
Excellent letter/update to shareholders. It's going to be an exciting next couple of years!
"In addition, we have designed a framework that will have all six divisions of UAT fully operational over the next 3 years."
** PR ** UATG Chairman Issues Letter to Shareholders
https://www.marketwatch.com/story/umbra-applied-technologies-inc-chairman-issues-letter-to-shareholders-2018-01-17?siteid=nbsh
January 17, 2018
UATG Shareholders
Re: Umbra Applied Technologies Group, Inc.
2018 Chairman's Letter
(uatg:PK) Year 2018
Chairman's Letter
"UAT Group and its subsidiaries, operate with the understanding that what we do matters and as such our decisions bear consequences."
Dear Fellow Shareholders,
First, I would like to wish everyone a prosperous New Year and I hope everyone enjoyed the holidays.
As the Chief Executive of a publicly traded company I am the fiduciary for all shareholders, many of whom have invested in UAT Group based on long-term goals such as retirement or to pay for a childs higher education. As such, I advocate and otherwise direct corporate governance practices that are in keeping with long-term value creation for our shareholders and clients. Last year I asked my executive team to help me outline a new strategic frame-work for long-term value creation that could be completed within the year. I am pleased to report that we have been successful in our execution and were so against significant odds.
Over the course of the past 12 months, many of the assumptions on which our plans were based, including low interest rates on capital and an expectation for continued globalization, have failed to sustain despite indicators to the contrary. With U.S. reflation, increasing rates, renewed growth, the increasing turbulence in Asia as a catalyst to geopolitical tensions, the prospective withdrawal of the United Kingdom from the European Union reshaping Europe and the United States undergoing a fundamental reformation of long held fiscal strategies; the economic environment has been and remains quite volatile. This does not mean that this company or the market at large is expected to be impacted negatively but it is a factor when crafting a long-term execution strategy.
The impact that globalization and the evolution of technology have had on employees and communities is significant. While the overall benefits of globalization have been significant, I believe global companies represent a driving force for growth and prosperity for all. That said, there is an obvious inequity in the benefits shared. This is in part due to asymmetrical wage growth but more specifically technology that has eliminated millions of jobs for lower-skilled workers while simultaneously creating new opportunities for highly educated positions. Employees whose positions are being relegated to obsoletion due to technological advancements, like those found in manufacturing processes, are typically facing retirement with insufficient savings. This is wide spread and is expanding, in part because at some point over the past twenty years, companies decided to transfer the burden of retirement planning to the employees. This change in responsibility comes with significant consequences to the political landscape and economical environment that impacts all of us.
I believe that it is imperative for a responsible company to understand these relationships so that strategies can be implemented in a way commensurate with the challenges it faces and with an understanding of the topography in which they operate. UAT Group and its subsidiaries, operate with the understanding that what we do matters and as such our decisions bear consequences. We have enacted a business strategy to not only create jobs but to sustain employment with proposed tuition assistance programs and re-training initiatives.
So, with the above outlined, 2017 behind us and before looking ahead, let's take a retrospective look at a two-year long effort to get us to a year that I view as a significant milestone for this company and its shareholders.
"Two years ago, we implemented a holistic strategy that went beyond merely ensuring survival but focused on delivering top-line growth."
2015 through 2016 marked a professional period for UAT Group so climacteric that it presented the very real potential for failure. We had many substantially complex obstacles to overcome and the challenges were many. This was a parlous period for the company, so far reaching that many had difficulty envisioning a path where success was a likely outcome. I can say, not as a point of ego or arrogance, that I never doubted our success nor do I fault those who advised that it was time to close the doors as it were. I knew that with more than thirty million dollars in assets, a stable of completed product lines across multiple divisions poised and prepared for launch, a calendar that outlined the delivery of products for the next seven years and a population of shareholders counting on us, that failure was not something we could tolerate or consider within the vernacular of UAT Groups universe.
In 2017, we made significant progress in our execution strategy and achieved many core mission objectives that helped to ameliorate company specific market metrics that were less than favorable. Despite the challenges, it was a compelling year with continued operational growth and ongoing progress in developing high-value technologies.
The end of last year not only marked year five for us but it also represented the year we overcame significant obstacles, most of which went well beyond the typical hurdles companies face when striving for success. I attribute this ability to forge ahead and work towards corporate objectives to a team comprised of individuals with intact self-fortitude and discipline that drew on their collective strength to endure and emerge successfully as a stronger company with improved shareholder value potential.
Two years ago, we implemented a holistic strategy that went beyond merely ensuring survival but focused on delivering top-line growth. Two years later that strategy has delivered us to the precipice of success. As a result, I am very excited to announce that we will begin 2018 perfectly poised to complete all the objectives we defined from the beginning of this journey.
We continued to position ourselves to meet tomorrow's challenges
We have executed on many important decisions that have strengthened the operational and capital posture of the company. We have evolved our product lines, expanded our team, improved market metrics, ensured broad accountability, and aggrandized our resources. Each decision has slowly and methodically placed UAT Group in the best possible position for the next decision to be made and as a result, has created opportunities that will continue to impact the company in ways that will be far reaching. Recently we fundamentally restructured the capital structure of the company to reflect a company more in line with its peers on senior exchanges so we could consider additional opportunities. This is indicative of an aggressive strategic action plan we defined almost two years ago in an effort to course correct the company's trajectory. This initiative has resulted in substantial progress in three key areas:
Up-listing- The execution of a comprehensive action plan designed to accelerate the company's momentum towards an eventual up-listing to a senior exchange.
Market Oversight- We restructured and/or settled debt to better position the company's corporate balance sheet ahead of independent audits in anticipation of future opportunities for expansion and institutional financing.
Delivery of Product - UAT, a UAT Group subsidiary, delivered its first product successfully proving that it has the ability to not only generate significant revenue but be a disruptive force across multiple market segments.
While I am mindful that we did not reach all of our financial performance priorities this year, I am very proud of our achievements and encouraged by the team's ability to support a steady cadence of increasingly complex operations that strengthen the company's leadership across many market segments.
Identifying shortcomings should not be a point of embarrassment but an attribute of strength
To be a cross industry disruptive force that challenges the way we and others not only think but how we, as a company, approach problems or exact a solution, you must first be willing to be self-critical. In keeping with this doctrine there were a few things we identified early on that needed to be ameliorated, augmented or otherwise corrected.
We needed to address market liquidity concerns, for without the proper liquidity, shareholder value cannot be assured nor can a company be viewed as an enterprise level opportunity by financial institutions. To address this matter, we focused heavily on fostering a more open engagement with shareholders and the market as a whole. We improved transparencies, audited the company, made corrections to previous filings when and where necessary, expanded our public relations effort, forged strategic alliances to bolster productivity and partnered with those who brought value to our e-commerce presence ahead of our first product launch. The result; a nearly 8000% increase in market liquidity, 7000% increase in daily volume and 2000% increase in dollars traded.
We needed to demonstrate, our ability to generate ideas, advance multidiscipline design acuity, the ability to improve manufacturing efficiencies and a proficiency to deliver successfully, superior high-quality products. To that end we succeeded and launched our first product, a scaled down by-product of a smart fabric we have been working on since the beginning - Hygieia. When we launched Hygieia we knew it would be the beginning of an extensive product line we had planned with nearly limitless scalability. What we did not know was the overwhelmingly positive response we would get from shareholders and commercial industries across the globe. Since launching Hygieia we have engaged dozens of manufacturers interested in the potential of having UAT manufacture their products for them using our antimicrobial Hygieia technology. The response has been stunning and to be honest quite humbling. Years of dedicated and focused efforts being embraced by others and on the verge of bearing significant returns.
We needed to prepare for what we knew was coming. If we executed as planned, we would need to have the resources to expand quickly while maintaining control of company branding, product quality and a strict production calendar. We identified and engaged industry manufacturing partners, financial institutions for potential financing in 2018 and initiated dialogs with those who could facilitate the company's intent to be listed with one of the senior exchanges. In doing so, we now have the necessary relationships we need to be successful.
Efficiency should be an obsession and a pursuit that is without cessation
We identified areas to be targeted for improvement and we continued to further streamline operational processes to support product launch and delivery. We implemented far-reaching cost-savings actions by implementing administrative cost reductions, reducing manufacturing costs and streamlining our fulfilment apparatus. We increased proportional investments in targeted product inventory, marketing strategies and s-curve data analytics to direct product innovation.
Our efforts to make the UAT Group more dynamic and less sensitive to market fluctuations continued to bear fruit. Implemented efficiencies and effective inventory control ensured that UAT continued to strengthen its cash flow, cash position and product awareness while mitigating remaining over-runs.
As a result, UAT Group is a more nimble, flexible, opportunity driven, global and customer oriented technology manufacturer. Research and development combined with a scalable business model will be the factors that significantly contribute to our success, present opportunities for growth and improve profitability. A focus on efficiency increases cross-company capabilities to include expansion of our dynamic and elite team members. With a company poised for expansion, having the proper personnel to support growth and deliver products is essential.
Looking forward requires a disciplined approach to evaluating core competencies
When drafting or otherwise coordinating a strategic corporate action plan it is essential to be clear on what the company actually does, how it does it, why it does it and what the long-term objectives are. For UAT Group, core competencies must be forged from corporate tenants bolstered by the founding principles that defined our guiding ethos more than five years ago. Seems simple enough but, understanding UAT Group at the onset of 2018 can be challenging and requires a longer view of a complex institution with operational objectives that at times may seem singular in nature or at times too diverse. This is especially true when vision meets execution and when strategies are multilayered or designed to build upon one another. In short, UAT Group needs to be agile and dynamic in order to maintain an innovative culture that is not in keeping with trends but, rather creates trends. After all, innovation is the fundamental underpinning upon which this company has been built and is sustained. We must constantly evolve in keeping with a tempo that is always several steps ahead of what is needed, known and/or desired.
It has everything to do with a passion for vision and absolutely nothing to do with fixing something that is broken. Rather, our experience over the past five years has taught us to be persistent and vigilant when looking ahead. We began to see that the defense and technology industry was going through a shift in focus, driven by the phenomenon of data capturing, the maturation of analytics and the evolution of artificial intelligence or AI. We began to see a space in the technology markets where we as innovators could capitalize on the convergence of these events where new opportunities both in technology and business would be well served by UAT innovation.
We did not hesitate or wait for others to lead. We ended our start-up phase and focused our considerable resources to the production of final design prototypes. We trimmed top line excess in a way that would not negatively affect the bottom line. We refocused our efforts to reimagine innovation in the twenty first century based on current and future needs as we envisioned them. This meant an acute focus on technologies that could be interconnected and supportive of one another. Technology with an integrated capability that was scalable and could be built upon as mechanisms intertwined throughout many product lines across many divisions. This is what our clients and customers need for the burgeoning new era we are entering.
A paradigm shifting UAT Group future is coming and things will never be the same
We begin 2018 as a fundamentally different company, changed forever with potentially the broadest market segment product portfolio in our industry. With legacy issues addressed to course correct our operational trajectory, we emerge with a strong foundation to build a yet stronger company. With emerging applications in artificial intelligence, augmented reality, swarm technology, digital health and reinforcement learning, we are front and center of a technological renaissance that will continue to shape the future of humanity for generations to come.
Our strategic imperatives implemented, we now have for the first time, a revenue positive business model. With double and triple digit growth across various metrics we now reflect a company whose posture is squarely aimed at success. This is in part due to Hygieia but it is also just the beginning. Hygieia will see the launch of further improved sock designs, boxer briefs and bedding product lines but it will also lead our entry into antimicrobial touch surfaces and other unexplored medical industry firsts. In addition, this smart textile will also cross pollinate further product development across all UAT divisions supporting the development of our B.A.T. Suit exoskeleton, Scorpion Security Drone and H.A.V.O.C. third generation camouflage.
In keeping with our brand commitments, Hygieia represents a piece of the puzzle whose aggregate defines a set of strategic imperatives that will transform UAT Group into the broad scope business, data, cognitive and security technology company with the potential to, and in concert with other industry leaders, change the world.
Looking forward, we continue to implement our strategies and as a result, have a busy year ahead of us. The first quarter of this year will bring an increased operational launch of the BioTech Division with an expanded Hygieia product line. Additionally, the third quarter delivery of orthopedic medical devices through strategic partnerships, signals the dawn of a sophisticated and mature corporate division with its focus on expansion across a broad product line.
Thanks to strategic manufacturing partnerships with companies like NextCast, as well as others to be announced in the near future, we initiated our expansion objectives to include next generation trauma care, digital health and quality of life initiatives, empowering people to embrace technology as a daily partner in their lives. I have directed the company's vast resources in innovation and technology to seek new ways to not only improve technologies surrounding healthcare but integrate them in a way that fundamentally improves the quality of the care delivered. Working with partners throughout the globe and across many disciplines we will be able to support powerful research and development that can provide practical guidance and advanced solutions to global leaders implementing health systems and solutions.
Additionally, we take very seriously the threats to the environment, the depletion of our natural resources and the necessity of innovators to introduce solutions to address the coming social and environmental impact. Over the past 5 years, in preparation of a full divisional launch, we worked to design a stable of clean technology products with the ability to offset and/or reduce the carbon footprint of our products, manufacturing processes and industrialized nations. We are committed to supporting our government and customers in reducing their environmental impact by providing energy efficient products produced via sustainable processes that, either stand alone, or operate in support of existing infrastructure.
The Helix Power Station, PowerCube and our most recent innovations in bio-electricity all represent initiatives in furtherance of our commitment to researching innovative solutions to complex challenges. We also continue to share our zero CO2 emissions technology across all divisions with design advancements from our GreenTech division influencing multiple divisions within the company. With testing currently underway, our Aerospace & Defense division is scheduled to begin offering our new zero-carbon footprint security drone platform later this year.
Objectives for a brighter tomorrow
Providing a path to innovation, environmental sustainability and demonstrating an ethical responsibility to all that share our planet is what a manufacturing leader does. UAT Group and its subsidiaries will continue to build on our commitment as leaders of industry and stewards of our planet. We will continue to leverage our global resources and presence to improve the lives of all, through responsible technology. In accordance with this commitment, I have directed our team to set our most aggressive environmentally conscious expansion targets to date and through 2025.
It is now the company's official targeted objective to manufacture in accordance with bluesign(R), Green Seal and by 2025 meet ISO 14001 standards. In addition, we have designed a framework that will have all six divisions of UAT fully operational over the next 3 years; one wholly owned subsidiary added, via acquisition, to the UAT Group holding company per year for the next 5 years; and initial construction of a corporate headquarters. To be completed over the next four years, UAT Groups new headquarters will be designed to house corporate offices, research and development complex, technology demonstration facilities, manufacturing operations, fulfillment processes, a shareholder/client welcome center and support public education initiatives. Our expansion will not be solely focused on profits but will be done honoring our commitments to our country, fellow shareholders and an environment under siege across the globe.
UAT Group remains committed to building an enterprise level company with a global footprint that does more than innovates technology for products to be sold. UAT Group has always been and remains the example of what to do when given the responsibility of being an industry leader. UAT Group will continue to focus on corporate sustainability and responsibility as a cornerstone of its business model as well as in developed and emerging markets in which it operates.
I would like to once again thank my UAT Group family for their support, tireless commitment and loyalty to a vision that many thought was not possible yet has empowered us to contribute in a way that matters. Together we can build that which will make a difference for generations to come and be the clarion call for others to join in our pursuit of re-imaging what is possible through innovative thinking and responsible technology.
Warm regards,
Alex Umbra
Chairman & Chief Executive Officer
Umbra Applied Technologies Group, Inc.
This should help explain the implant a bit more.
http://m.marketwired.com/press-release/umbra-applied-technologies-introducing-the-apex-digital-joint-implant-pinksheets-uatg-1929885.htm
Count me in for shareholder dinner meeting and/or town hall. Thanks for sharing your conversation Gordo.
** PR ** UATG Increases Revenue Guidance
https://www.marketwatch.com/story/umbra-applied-technologies-group-increases-revenue-guidance-2017-12-06?siteid=nbsh
UAT Group announced today that it has amended previous projections to reflect the new impeding tax laws. UAT Group has reported significant growth of its subsidiary UAT indicating to its investors, analysts and media that revenues are increasing. For its upcoming, fiscal-first quarter of 2018, based on the pending tax law changes, UAT is providing unprecedented revenue guidance of an increase between $250,000.00 and $450,000.00 in revenue.
Chief Executive Officer, Alex Umbra stated, "With the current administrations focus on tax reform and the resurgence of manufacturing in this country over the past 10 months, we are very optimistic about further expansion and our ability to hire much needed talent".
The Business Roundtable CEO Economic Outlook Index, a composite of the country's CEO projections for sales, capital spending and hiring over the next six months, increased to 94.5 in Q3 2017, the highest level since Q2 2014, and up from 93.9 in May.
The CEO index remains above 50, exceeding its historical average of 80.3, suggesting chief executives remain confident in the U.S. economy. Plans for hiring jumped 9.9 points to 80.2 in Q3, reflecting continued confidence by the nations CEO's.
Umbra added, "The results of the survey, in my opinion, bespeak the continued confidence that CEOs have in our economy and the intended direction therein. It is imperative that we continue to push for pro-growth economic policies that create an environment conducive to further hiring and increased wage growth across all economic and demographic levels".
Executives from major companies including Coca-Cola, Cisco Systems, Honeywell and Pfizer, have stated that they would also consider using potential tax cuts to increase stock dividends or to buy back shares resulting in additional value being passed to shareholders.
Chief Financial Officer, Thomas L. Crom commented, "I think this new approach to economic growth can only serve as an accelerator for UATG's long term growth. This will help fuel expansion and revenue streams".
I would also consider flying in for the visit.
** PR ** UATG Announces Change In Dividend Policy
https://www.marketwatch.com/story/umbra-applied-technologies-group-announces-change-in-dividend-policy-2017-11-16?siteid=nbsh
UAT Group announced today that it is currently reviewing its overall capital structure, projected revenues and manufacturing capabilities to determine the viability of a shareholder dividend offering in the future. Furthermore the company is also evaluating the possibility of providing additional shareholder benefits, outside of a future dividend such as shareholder discounts on UAT Group products. Due to the logistics of such a discount this can only be provided to a shareholder of record so the company urges shareholders to register at their shares in their own name as opposed to a brokerage firm or investment fund.
Chief Executive Officer, Alex Umbra stated, "In keeping with our commitment to shareholder value and participation I, over the past 10 months, have authorized the purchase of shares from the market and am currently reviewing the company's ability to provide more value to our shareholders".
UATG is currently finalizing their internal audits and is expected to turn over auditing to an independent auditor by year end in preparation of an S1 filing. This is keeping with the company's longstanding comments on its intention to up-list to a QX company.
Mr. Umbra further commented, "We initially launched the Hygieia socks without marketing for the first two months so we could ensure that the manufacturing and fulfillment operations, as well as operational protocols, in place operated efficiently. This afforded us the ability to make corrections where and when needed on a small scale instead of a potentially catastrophic failure effecting many customers. We are pleased to report that the initial sales launch of Hygieia has progressed very smoothly and exceeded expectations. By the end of November, we will have a robust marketing apparatus in place and we expect an immediate 40% increase in sales as a result".
The company intends to announce the further expansion of its antimicrobial Hygieia product line in the coming weeks with the much anticipated Hygieia HP (High Performance) sock being announced shortly. The company has also indicated that while the Hygieia sock line will be offered in a variety of colors the company is not stopping there and the Hygieia men's Boxer Briefs and Hygieia Bedding are expected to be announced in the coming months.
Chief Financial Officer Thomas Crom recently stated, "The UAT Biotech division is expected to drive revenues for the next seven to eight months with additional divisions coming on line mid-2018. UAT is currently reviewing several acquisitions so I would expect an expansion of revenues and assets in the near future".
UAT Group is currently thriving from its recent product line launch and is determined to build on the company's recent success. UAT Group and its subsidiaries continue to seek new opportunities for market expansion and currently negotiating multiple contracts to support that effort.
** PR ** UATG Eyes Military Contracts for Antimicrobial Technology
http://www.marketwatch.com/story/uat-group-eyes-military-contracts-for-antimicrobial-technology-2017-10-24?siteid=nbsh
UAT Group announced today that its defense sector subsidiary Umbra Applied Technologies (UAT) is currently reviewing several government solicitations through System for Award Management (SAM) and the Defense Logistics Agency (DLA).
Chief Executive Officer, Alex Umbra stated, "We are currently pursuing several contracts with the federal government and are proud to be in a position to contribute to this country's efforts here at home and abroad. We feel very strongly that we have technology that will greatly enhance operational objectives, mission capabilities and support the warfighter on the ground."
While it is widely speculated that UAT is working with private sector companies to enhance their existing product lines by including UAT's Hygieia ASP antimicrobial technology in their manufacturing and production processes, it should be apparent that UAT has much larger plans. UAT is currently in the process of launching its biotech division and with that comes a full product line not the least of which is the Hygieia line of antimicrobial products. With the capability to apply this new technology to textiles, paints and touch surfaces, the applications seem endless and seemingly so do the products.
When asked about the future, Mr. Umbra replied, "The scalability of Hygieia is something we continue to explore. I am of the opinion that there is no place in our lives, our homes, on earth and beyond; that cannot benefit from Hygieia and I intend to prove it. I have already contacted manufacturers of major appliances, phones and home hardware to introduce them to the value add that Hygieia will bring to their products. Think about it, everything you touch or come in contact with every day is an opportunity for a pathogen to find a host but for us, it is an opportunity to prevent infection and potentially save lives. What if every daycare and school in this country stocked only toys and learning aids manufactured with Hygieia? What if every painted surface was covered with Hygieia treated paint? How would that slow the rise of so-called superbugs that have become resistant to antibiotics if we no longer needed to prescribe antibiotics en masse? How would this improve our health and quality of life? "
Indeed, UAT might be correct in assuming that their technology is needed as more and more government contracts are now calling for antimicrobial silver to be used in their products. In fact, all branches of the United States Military currently have contracts out requesting that specifically silver be used in making certain products antimicrobial and while many manufacturers scramble to catch up, UAT is already delivering what they need. Military and VA hospitals are currently setting standards and specifications on using antimicrobial Silver in their facilities, something Mr. Umbra is very familiar with, "Targeting hospitals as the perfect application for Hygieia was a no brainer and we are currently packaging prototype products to be used across all hospital operations and infection management. We will be releasing, for field testing, a pre-op surgical cleanser, with sustained antimicrobial effect, by the end of the year and hope to begin selling it early next year. We will continue to work with medical administrators to further develop products that currently don't exist to address needs that have been ignored for far too long."
With the recent announcement of the Next Casting Technologies partnership indicating that expansion through strategic partnerships is fundamental to UAT's business model, we can expect to see more announcements on companies joining the growing list of UAT partners.
Domain Information for nextcasting.net. Registered in March 2016 FYI.
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Administrative Contact
Name: Hector Estrada
Organization: Hector Estrada
Street: 128 Lido Street
City: Lakeway
State: TX
Postal Code: 78734
Country: US
Phone: +1.5128707631
Email: email@austin.rr.com
Technical Contact
Name: Hector Estrada
Organization: Hector Estrada
Street: 128 Lido Street
City: Lakeway
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Phone: +1.5128707631
Email: email@austin.rr.com
**PR** UAT Group Announces Subsidiary Company UAT, Partners with Medical Company
http://www.marketwatch.com/story/uat-group-announces-subsidiary-company-uat-partners-with-medical-company-2017-10-17-916016?siteid=nbsh
TAMPA, FL, Oct 17, 2017 (Marketwired via COMTEX) -- TAMPA, FL--(Marketwired - Oct 17, 2017) - Umbra Applied Technologies Group UATG, -17.14% announced today that it has formed a strategic partnership with Next Cast & Brace Corporation to supply the high-tech cast maker with UAT's Hygieia ASP (Active Silver Protection) antimicrobial technology. Next Cast manufactures what is inarguably the worlds most advanced orthopedic cast and brace systems currently available. The revolutionary new cast is scheduled to be released early 2018 and will feature an antimicrobial silicone surface, powered by UAT's Hygieia ASP technology, where the cast comes in contact with the patient's skin.
Chief Executive Officer, Alex Umbra stated, "This is the joining of two highly innovative companies with a very clear vision of how technology can improve lives and change the world. You could not ask for a more perfect partnership. This new strategic partnership is indicative of the synergy that we at UAT see as a broader opportunity between UAT and the entire medical landscape. Hygieia technology is paradigm shifting and will advance medical care and treatment exponentially. UAT is at the forefront of antimicrobial efficacy and it is Hygieia that will carry the medical industry into the future in this area of treatment and infection prevention."
The strategic partnership between Umbra Applied technologies and Next Cast is in keeping with UAT's renewed focus on growth and revenues after evolving from a primarily R&D company. The scalability of the Hygieia ASP technology appears to be limitless as UAT heads into the end of the year with an eye on improved revenues in the coming year.
Umbra added, "This partnership reveals, to a limited extent, what we have been working towards for more than a year and signals the beginning execution of a more robust UAT branding effort. Hygieia will be the product that introduces UAT to businesses as well as our homes."
The company has indicated that other products are on the horizon with much speculation surrounding the release of its new surgical cleanser and it being made available as an antibacterial foaming hand wash for the home. The not yet named surgical cleanser is slated for release next year and is for hospital and medical use only. With the introduction of an advanced antimicrobial hand soap for home use, UAT could indeed become a household name.
Next Cast commented that, "The company is very excited about our new partnership with UAT. UAT has proven to be an industry leader in breakthrough technology and a valued partner in working with our engineers to bring additional innovation to the most dynamic and advanced cast in the world."
Chief Financial Officer, Thomas L. Crom commented, "This partnership will help to further increase the competitive edge Next Cast & Brace has over its competitors while simultaneously increasing UAT's footprint within the medical industry. In addition, this new contract further delivers on a promise we made to the shareholders to be revenue positive within 5 years from the day we opened the doors." Beginning in January of 2018, UAT will begin delivering Hygieia ASP technology to NextCast for the manufacturing of 100,000 units in the first year of a three-year contract for a total of up to half a million units through 2021.
A sneak peak from the factory making Hygieia sport socks in cased anyone missed it.
https://www.facebook.com/265502490241809/videos/1352524374872943/
*PRESS RELEASE * UAT Begins Taking Hygieia Pre-Orders
http://www.marketwatch.com/story/umbra-applied-technolgies-begins-taking-hygieia-pre-orders-2017-09-18-916014?siteid=nbsh
UAT Group announced today that it has begun taking preorders for its antimicrobial sock line in advance of its release early next month. Additional products for its antimicrobial line Hygieia are also being planned.
Chief Executive Officer, Alex Umbra stated, "The response to Hygieia has surprised all of us at the company and on project. We have increased our original order size by 25% in an effort to accommodate consumer interest and will be watching the pre-order launch closely to determine the next shipment size and timeline."
Potential customers can pre-order their socks by visiting the company's e-commerce website https://hygieiasport.com/ or the Hygieia product page (http://www.hygieiatech.com/) under the Umbra Applied Technologies corporate website. In a few weeks customers will begin receiving the most advanced sock ever made. The company will prioritize all pre-orders over organic traffic. The company expects to take delivery of the first shipment of Hygieia socks on the 29th of September with Delivery to consumers beginning on October 15th to ensure strict quality and inventory control.
Umbra further added, "Initial beta-testers provided us with very valuable feedback and we look forward to incorporating their suggestions as well as the suggestions of our customers into Hygieia HP, our high-performance sock for truly demanding athlete's due in the coming months. The continued launch of the Hygieia product line-up will continue through next year incorporating Hygieia line of bedding for adults, children and infants, Hygieia Tactical, Hygieia Medical and a few other surprises I will announce in the coming months."
The company also indicated the line of women's socks is due to be released in the coming weeks and will offer a variety of colors.
PR - UAT Group Post Hurricane Irma Update
http://www.marketwatch.com/story/uat-group-post-hurricane-irma-update-2017-09-15?siteid=nbsh
TAMPA, FL, Sep 15, 2017 (Marketwired via COMTEX) -- TAMPA, FL--(Marketwired - Sep 15, 2017) - Umbra Applied Technologies Group UATG, -7.69% - UAT Group provided shareholders with an operational update post Hurricane Irma.
Chief Executive Officer, Alex Umbra stated, "We have received many inquiries from concerned shareholders and industry partners. Everyone here at Group wanted to thank our amazing shareholders and let them know just how much we appreciate their concern and offers to help. I have said many times that the biggest surprise of my UAT journey has been the incredible people I have met along the way and this includes our fellow shareholders. I don't know what shareholders in other companies are like but we have the most supportive and extraordinary shareholders." UAT Group assures its shareholders that they have remained fully operational and took every precaution to ensure the safety of its employees and assets.
Umbra further added, "I would like to thank the UAT team for their perfect implementation of the protocols that were put in place for such a weather event and for their commitment to maintain operational readiness. It is because of their efforts and spectacular teamwork that we are still on schedule to announce some very exciting news early next week."
Umbra Applied Technologies Group, Inc. Announces Chairman's Letter
http://www.marketwatch.com/story/umbra-applied-technologies-group-inc-announces-chairmans-letter-2017-09-06-81603036?siteid=nbsh
Through focused reformations of operational processes and strategic brand management we have improved the synergy between organizational objectives and market fundamentals.
Dear Fellow Shareholders,
As we head into the end of the year and begin the daunting task of preparing for the delivery of holiday products, I thought an update now would be prudent as many of us tend to become engulfed in and distracted with the end of year celebrations.
Throughout a period of complex political and economic turbulence around the world, our company has been steadfast in its dedication to corporate doctrine, the clients and the communities we serve while improving opportunities for increased shareholder value.
As we approach the end of the Third Quarter and prepare for the Year End, we can be satisfied with the progress we have made in terms of reformed market oversight, organizational structure, improved market liquidity, the accretion of shareholder value, product innovation and the execution of our business strategy. We realized better than expected results in the first six months of the year, largely due to the dynamic nature of our business model. We have demonstrated again, this quarter, that we can count on our team to be nimble, focused and effective when responding to volatile market conditions. Our ability to innovate has and continues to be the best way to ensure our growth.
UAT's challenges were many with few obvious solutions. I have always believed that persistence is the hallmark of success and without it, one could not be successful.
Five years ago, we put in place a long-term strategy to position UAT Group as a premier defense and intelligence technology company. Three years in we experienced some internal challenges that forced us to be a bit more dynamic and redraft a business execution that would return the company to a posture aimed squarely at top line growth.
2016 marked a year in which a concerted effort to course correct the organizations fiscal trajectory was executed with notable contributions across every level of the enterprise. We ended the year by achieving our objective to best position the company within the ambit of executable product delivery capabilities and to ensure that the organizations 2017 stance was one of a company competent of delivering multiple product lines across all divisions over numerous market segments. We initiated internal audits in preparation of a 2017 S-1 filing to address the public vehicles inherited complications that existed before becoming UATG. We continued to develop new technologies and products like Hygieia antimicrobial textiles and the Aegis fixation pin while overcoming significant resistance in the market, undercapitalization, previously restricted stock maturing, conversions and all during an already volatile market. We mitigated inefficiencies and overlap while consolidating oversight to improve management's ability to direct operational objectives. We increased viability for future capital raises by restructuring the anatomy of our Preferred Series shares while leaving the Common Share structure intact. We further conducted targeted market research and strategic reviews of existing market segments in advance of a scheduled 2017 product release. We became more fiscally prudent, product focused and re-evaluated division margins as a whole, so as to compose a marketing and product launch capable of supporting sustained growth. Throughout 2016 we continued to make significant progress in ameliorating corporate metrics and have benefited from significant improvement of key indicators throughout 2017.
Improved performance would not have been possible without the exceptional execution and commitment of UAT Groups dedicated family.
This effort, to date, has yielded impressive strides over key fundamental metrics that have already started to deliver a path towards strong returns for our shareholders. Interest in the company has exponentially increased, improving market liquidity by more than 8000% from the beginning of the year with a continued liquidity increase of 803% in Q3 alone. Daily trading volume has increased by more than 7,000% since January of this year and has maintained increases of 618% in Q3. While average share price has dropped since last year we have seen a more than 16% reduction in daily price slip in Q3 with a 2,133% increase in daily dollar volume since the beginning of the fiscal year. Monthly trades executed on UATG have increased 1019% with total dollars traded monthly between July and August increasing by 345%.
We continue to make the execution of our business model and the realization of our core mission to change the world through innovative thinking while delivering responsible technology, a fundamental tenet of UAT Groups institutional strategy. This strategy was and continues to be anchored in three imperatives that have guided our efforts at every level of the company.
1-Products must, without question be UAT. This means that quality must be of the highest standard and our products must be vastly superior to our competitors.
2-Paradigm shifting must be the objective. At UAT we must strive to innovate in a way that forces others to reimagine what is possible. We use the most advanced materials to design, manufacture and deliver a UAT product.
3-Deliver value to our customers and we will be able to deliver value to our shareholders. By viewing our products through the lens of the end user we can engineer products that are useful, make our lives better and in some instances, introduce us to something we didn't know we needed or wanted.
This performance would not have been possible without the exceptional execution and commitment of UAT Groups dedicated family. UAT Group colleagues take their work personally, they possess an understanding of the significance of what we do here and execute with a sense of urgency in their commitment to contribute to our growth and all of the UAT Group stakeholders. They inspire confidence through competence, unwavering loyalty and through their collective efforts working together to share an impressive array of expertise to deliver the unimaginable. I am exceptionally proud of my UAT family and genuinely honored to be part of such a committed and forward-thinking team.
UAT's customer-centric approach is deliberate in a way that not only drives us to please but to innovate
While superior product build and quality has and will always be a core axiom of our business model it is the end user, the customer that drives our initiatives, guides our designs and influences our manufacturing processes. This customer first mentality ensures that we are always mindful of who we are designing and building for. There are many advantages to a customer-centric approach, but for me the biggest advantage is the understanding that customers are always going to want more; the next generation, and it better be extraordinary! This understanding feeds a relentless pursuit of innovation in an intentionally structured environment that must be risk tolerant. One of my favorite quotes credited to Thomas Edison is, "I have not failed. I've just found 10,000 ways that won't work." This is precisely the mindset I encourage in our researchers and designers. We foster an environment that allows us to imagine and go beyond what is thought to be possible. This belief that "failure" affords us the opportunity to potentially learn something is the underpinning for the ethos upon which innovation in our Applied Sciences Division has been built. We don't criticize failure we encourage innovation.
Here at UAT Group we thrive on the opportunity to surprise and delight our customers. This need, to present something new to a customer and then share in the elation they experience from being so wonderfully surprised drives us to create some of the most amazing products of which I hope to share with you over the next sixteen months. Two such examples that come to mind are the Apex implant and Hygieia line of products. The Apex interphalangeal implant is a perfect example of such a paradigm shifting technology. Apex has a broad range of applications and has the potential to be a disruptive force in the medical implant industry. Additionally, UAT's inaugural product launch of Hygieia signals the beginning of UAT's accent into the annals of significant influential products that changed how we live. The full Hygieia product line has far reaching potential with simple yet advanced products like our socks and sheets paving the way for breakthrough intelligent fabric liners within a prototype military exoskeleton that helps to conduct electricity and transfer data.
The Hygieia revolution comes to market laying the ground work for improved shareholder value
Thus far, 2017 has been a productive year with continued operational growth and enhanced product development capabilities. We have added to an already impressive product portfolio by investing heavily in advanced research and the development of core products that appeal to a broader market segment outside of government consumption. We are now positioned to deliver quality products that appeal to a larger segment of consumers with frequent necessity being a daily driver. The introduction of our antimicrobial socks, sheets and under garments are the epitome of mass appeal. Why buy a competitor's sock when you can buy high-tech Hygieia socks that are healthier, for nearly the same price? We expect this market segment to be quite successful for us and in fact extensive market research indicates that we have entered a large market with the significant advantage of a unique technology that has few competitors. Hygieia utilizes medically proven antimicrobial technology and delivers it to consumers via intelligently engineered products made from advanced textiles. This product line is truly amazing and for a CEO it has the added benefit of being almost limitless in terms of scalability.
We continued to improve strategic and operational transparency with the addition of a robust investor relations mechanism, increased news cycle and with the launch of our UAT Group brand awareness campaign to support product initiatives. We have improved our web presence so that customers, shareholders and future employees can more easily identify who we are and what we do in support of recruitment and marketing efforts. We have added a world class e-commerce and web marketing firm so that product release schedules are supported by muscular and targeted marketing campaigns to ensure brand and product awareness. This significant investment has already begun to show returns in the areas of brand awareness and consumer interest. Nearly 300 potential customers signed up for Hygieia pre-order notifications in the first 2 days alone and our very first corporate branding commercial received over 2,800 views in the first few days! With the launch of Hygieia's pre-order e-commerce website just weeks away, we are poised to deliver a product that I firmly believe everyone will want and should have.
The path forward is complex and navigation can be daunting but understanding what lies ahead is critical to our success.
Technology is advancing at an ever more rapid rate and creating world-changing innovations that in some instances are industry disruptive and influencing how manufacturers deliver new and exciting products. This new era of advanced technology and rapid prototyping is changing the way we structure our organizations, influence how we work and how we live; sometimes on a daily basis. With the global increase of economic nationalism, founded in part from a narrowly shared globalization trend of the past 9 years, we are beginning to see the return of the textile and manufacturing industry to the U.S. Something I have witnessed throughout my tenure as the head of a technology company determined to manufacture our products here in the homeland. While these advances have significant benefits, they are not without their challenges. We must become more dynamic when confronted with the challenges of operational and professional sustainability. It is not enough to simply say "made in the USA" but we must ask ourselves "how it is made in the USA." What micro, macro and collective career objectives are we helping to define by the types of jobs we as employers are creating? This contemplation and ultimate focus forces us as a company to shift the emphasis of a direct footprint to one that encourages us to think how we are shaping the nation's future workforce by dictating what jobs we are creating. This is an awesome responsibility when one considers the significance of such influence. Consider this, The Bureau of Labor Statistics recently released that while more young adults are graduating from high school, college enrollment is down for the fourth straight year. This despite the massive increases in federal aid for students who cannot afford tuition. What does this mean for an employer or society as a whole? As an employer, we must strive to simplify manufacturing processes to increase the population of potential candidates we can hire so we can fill more positions while benefitting from less complex processes and reduced operating costs. I am not implying that college is a bad thing but does every single person necessarily need to go to college in order to earn a good income? We have individuals here at UAT earning between sixty thousand a year and over six figures who are welders, SLA programmers, Adobe/CAD designers and C&C operators/programmers. These highly skilled and intelligent team members are an integral part of the UAT family and are, without question, critical to this organizations success. I know many college graduates that don't earn as much but are encumbered with significant debt upon graduating.
Investing in a world-class team to ensure growth and deliver the finest products available
We are currently structuring the company for a slow and deliberate expansion of the UAT team while challenging ourselves to create the frame-work to provide training for new skills not just in advanced technology but in manufacturing. We have made significant investment in high-quality jobs that require less personal sacrifice, less debt but offer fair compensation and an opportunity for personal upward mobility. We will also be implementing assistance for those employees who desire to go into areas of the company that do in fact require college degrees to foster retention and comradery among the UAT family. I understand that UAT cannot solve every problem all by itself but, I do believe that while doing our share we can be the example that inspires others to join our efforts in changing the world for the better while preparing for what lies ahead. We can contribute to the ever evolving geopolitical and economic landscape in a very real and positive way.
So far, 2017 has proven to be a year of significant progress for our business execution strategy and market momentum. We have advanced our product pipeline, evolved our approach to research and development, streamlined manufacturing processes, sagaciously invested capital to drive strategic growth, bolstered our brand marketing apparatus and prioritized resources to support sustainability. While I am acutely aware of the challenges that lie ahead, I am encouraged by of how far we have come and as such, confident in our ability to continue executing a business strategy that will ultimately identify UAT Group as a world class technology company.
I know I speak for all the members of the UAT Group team when I say that we are incredibly proud of how much we have accomplished over the past twenty months and as a result are excited about what the future is set to bring. We look forward to thrilling you with our innovations and inspiring you with our products. Thank you for your continued confidence and support.
Sincerely,
Alex Umbra Chairman & Chief Executive Officer Umbra Applied Technologies Group, Inc.
Slow and steady.
UAT Group Anticipates Significant Sales and Adds to Its Workforce
http://www.marketwatch.com/story/uat-group-anticipates-significant-sales-and-adds-to-its-workforce-2017-08-16?siteid=nbsh
UAT Group announced today that as a result of demand for its new product line it will be increasing the size of its shipping, inventory and sales departments to support the existing and anticipated needs of the company. The new team members will be filling permanent positions rather than temporary positions due to its BioTech Division's expansion into the textile sector.
Chief Executive Officer, Alex Umbra stated on a shareholder's call, "The consumer response to our recent product launch has been remarkable. In just a few short weeks we have seen our initial expectations surpassed. In anticipation of an increasing demand we will be increasing the amount we invest in human capital, and thus increasing the size of our team, in an effort to remain intact the very high standards of customer service we maintain here at UAT."
Specifically, most of the positions will be established in the company's new, California based, direct-to-consumer e-commerce fulfillment and distribution facility that support sales generated by the company's direct channel business strategy. Some of the new UAT team members will be hired to interact with customers via telephone, email and online chat to ensure customer satisfaction.
Mr. Umbra explained, "The supply chain, manufacturing scheduling, delivery of packaging, distribution channels, shipping and of course customer service all have to be coordinated and have the support of properly trained team members in order to be effective and efficient. From the time, I approve an order for manufacturing, to the time it is delivered to our fulfillment center typically takes 60 days in addition to the design sample approval process which could add an additional 2 months for prototyping. Of course, if it's a reorder it is much faster." With the holiday season being just four short months away it seems UAT is determined to be ahead of schedule rather than behind.
The first products in the Hygieia line-up will be a casual low-cut sock and a high-tech performance no show ankle sock. Both socks are made from a highly advanced yarn covalently bonded with anti-microbial silver that kills mold, bacteria, fungi and viruses. This means that UAT has found a way to essentially kill foot odor permanently as well as reduce open sore infections in diabetics wearing Hygieia socks.
UAT Group Launches Website For Pre-orders
http://www.marketwatch.com/story/uat-group-launches-website-for-pre-orders-2017-08-10-9160117?siteid=nbsh
TAMPA, FL, Aug 10, 2017 (Marketwired via COMTEX) -- TAMPA, FL--(Marketwired - Aug 10, 2017) - Umbra Applied Technologies Group UATG, -14.00% UAT Group, announced today the launch of the heavily anticipated Hygieia website. The new website has been designed in keeping with UAT branding with one notable difference. The new website has a link where now everyone can sign-up to be notified of when the company will begin taking pre-orders of UAT's newest antimicrobial product. Products once only accessible by governments and institutions, UAT technology can now be purchased and enjoyed by anyone.
The first product in the Hygieia line-up is scheduled to be a casual low-cut ankle sock that essentially cleans itself. The antimicrobial sock is made from a highly advanced yarn covalently bonded with a silver polymer that promotes wicking. The new Hygieia athletic sock kills bacteria, fungi and viruses. This means that UAT has found a way to essentially kill foot odor permanently as well as reduce open sore infections in diabetics wearing their socks.
The new website has been designed to support its forthcoming e-commerce site that has been designed with embedded advanced SEO and conversion algorithms to maximize sales potential. No news on projections however, Alex Umbra, Chief Executive Officer of UAT stated, "Hygieia represents our commitment to advancing technology past what is thought to be possible and exemplifies the collective spirit of innovation found here at UAT. We expect great things from our Hygieia product line and will make sales projections available to Wall Street in the coming weeks."
To learn more or sign-up to be notified of when you can pre-order your Hygieia socks, follow this link: http://hygieiasport.com/
UAT Group Announces Expanded Applications For Antimicrobial Tech
http://www.marketwatch.com/story/uat-group-announces-expanded-applications-for-antimicrobial-tech-2017-08-07-9160052?siteid=nbsh
The company revealed today that they have begun the review and design process for future products in the industrial market segment to include coatings, paints, and plastics. Based on the company's antimicrobial Hygiea with Active Silver Protection (ASP) technology, the new product lines will initially focus on the needs of the health care industry. The new products are not expected to be made commercially available until late 2018.
The company's powerful antimicrobial technology inhibits the growth of bacteria, viruses, mold and fungi on natural & synthetic textiles, foams, plastics, and coatings, eliminating pathogens for the life of the product. Hygieia coatings are precisely engineered to feature a 100% efficacy of the surface or substrate its applied to.
Director of Special Programs, Blake Cooley explained, "Hygieia based formulas allow antimicrobial silver to be incorporated into aqueous and polar organic solvent-based coatings, powder coatings, and injection molded plastics. UAT's Hygieia additives do not impact the mechanical or flame resistant properties of plastics or coatings and are stable against UV light and high temperatures. This technology affords UATG with the potential to further expand the commercial application of this technology into other market segments." The active ingredient in Hygieia additives is EPA registered as a materials preservative and is Oeko-Tex® approved as free of harmful substances.
The new product lines are expected to be destined for hospital patient room wall paint, operating room wall paint and any touch surface where pathogen transfer may occur.
UAT Group Announces 2017 Product Launch Is Moving Forward As Result of Recent Funding
TAMPA, FL, Aug 03, 2017 (Marketwired via COMTEX) -- TAMPA, FL--(Marketwired - Aug 3, 2017) - Umbra Applied Technologies Group UATG, +5.13% - The company announced today that they have completed several rounds of funding which allows the 2017 product launch of a new product line based on antimicrobial intellectual property. The funding was completed with a combination of institutional investors and private equity transactions to support the delivery of its antimicrobial and smart fabric product line the company refers to as Hygieia.
Chief Financial Officer, Thomas L Crom stated, "The company has now completed sufficient funding to begin delivering its first product under its Hygieia brand in Q3 of this year. We are pleased to already see an increase in market liquidity which we expect to continue along with the company's market cap as we make progress and as earnings reports are released."
Hygeia's powerful antimicrobial technology inhibits the growth of bacteria, viruses, mold and fungi on natural & synthetic textiles, foams, plastics, and coatings, eliminating human-based odor for the life of the garment. Hygieia textiles are precisely engineered to feature a 100% efficacy of the fabric to maximize performance, but remain soft, flexible and comfortable.
Chairman and Chief Executive Officer, Alex Umbra emphasized, "In congruence with our commitment to produce as many products as possible here in the United States, Hygieia technology has been developed and manufactured here in the Homeland. In addition, we have partnered with a bluesign® system partner to assist in critical phases of the manufacturing processes employed to deliver this technology; highlighting our resolve and fidelity to not only meet but exceed regulatory guidelines and sustainability initiatives."
In addition, when Hygieia textiles are configured appropriately they can be engineered to conduct electricity and even transfer data. UAT Groups Subsidiary Umbra Applied Technologies (UAT) refers to this product as SmartX and they are currently conducting research on its many military and civilian applications.
"We have finalized our initial manufacturing processes, distribution channels, first generation product lines and are in the process of solidifying supply chain protocols in advance of the Hygieia product launch in September. We will begin our product and brand marketing cycle in the coming weeks in an effort to build brand awareness ahead of the 2017 holiday season," said Mr. Umbra.
8/1/2017 UATG Develops New Textile Application Ahead of New Product Launch
http://www.marketwatch.com/story/umbra-applied-technologies-group-develops-new-textile-application-ahead-of-new-product-launch-2017-08-01?siteid=nbsh
TAMPA, FL, Aug 01, 2017 (Marketwired via COMTEX) -- TAMPA, FL--(Marketwired - Aug 1, 2017) - Umbra Applied Technologies Group UATG, -4.26% - The Chairman and Chief Executive Officer of Umbra Applied Technologies Group (UATG), in a July 27th interview, discussed a previously unannounced product line that the company is preparing to launch shortly, surprising many shareholders and industry peers. The new product line expands the company's footprint into the textile market segment with the introduction of a smart fabric that the company has had under research and development for more than four years.
Under the auspices of the Umbra Applied Technologies' fabled and highly secretive Scorpion Works division (Applied Sciences Division or ASD as it is officially referred to) the company has developed a product line they have dubbed Hygieia and it is the future of smart textiles. In his interview, Alex Umbra revealed on camera a filament thread coated with silver that "can conduct electricity and transfer data" as well as function as a "broad spectrum antimicrobial." The company intends to use the technology for military applications, but announced the impending release of civilian products manufactured with this new revolutionary technology for the general retail markets. Mr. Umbra treated the viewers to an advance look at fabric with the Hygieia technology applied within it and also gave viewers an ahead of market release demonstration of their new diabetic sock and low cut athletic sock. Mr. Umbra was quick to point out that the products he was showing viewers were working prototypes and were without the company's branding, but did indicate that final product sampling delivered in official UAT packaging is in the process of being delivered to the company in keeping with the company's intention to launch their new e-commerce website in the coming weeks.
With the launch of the new corporate web site being just a week old and the proclamation by the company's CEO that an e-commerce site is being prepared in anticipation of a new product line launch in the coming weeks, it appears UATG is poised to generate revenues within an entirely new market segment lending further credence to market speculation that UAT's Biotech division will be the first to deliver products to the market with margins favorable to the company's balance sheet. When asked about what this new market segment means to the company, Mr. Umbra replied, "The Hygieia brand is a technology that we can apply broadly across all divisions and essentially signals the beginning of UAT's launch into several markets via this product release and many more to come. I suspect that shareholders will be surprised with how far we have come once they realize what we have been working on over the past 5 years."
Mr. Umbra also referenced several other products that they have been working on and have been improving upon throughout the testing and design process of these advanced textiles. When asked to comment on the military applications of such textiles, Mr. Umbra responded, "I am not at liberty to discuss specific military applications for Hygieia however, we anticipate the product line to do very well in both the government and civilian market segment of which we intend to pursue very aggressively with a robust product line."
About Umbra Applied Technologies, Inc.
Umbra Applied Technologies is a member of the Umbra Applied Technologies Group UATG, -4.26% family of companies. Headquartered in Tampa, Florida UAT Group is a technology and innovation leader specializing in defense, civil government and technology solutions. UAT Group is Principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services for defense, civil, and commercial applications in United States and internationally. It also provides management, engineering, technical, scientific, logistic, and information services.