Dear CurAegis Technologies Shareholders,
This is a short update for CurAegis Technologies, Inc. as of February 5, 2018.
CURA System :
We are currently on schedule to have the technology for our MyCadian and other wearable products ready for sales and delivery in late March or early April. Bringing the development management in house seems to be working out very well.
Our pilots are underway despite the existing communication problems with our old system. We continue to develop new potential customers and the need for this technology seems to be more and more evident and in demand. We also have federal agencies eager to do research on the CURA system. We feel that we have some very large and exciting opportunities ahead.
We are starting talks with major wearables companies. These relationships could expand and accelerate our launch and outreach.
I am sad to report that Matt Kenyon has left the company for personal reasons. He will still be available for consulting as needed. Matt should be extremely proud of his accomplishments at CurAegis. His work will save lives, make people healthier, and make us all safer in the future. We thank him, wish him well and will always welcome and appreciate his help in the future.
Aegis Pumps and Motors :
We have tested and proven out a good part of our technology’s goals. Our goals are to make our axial piston hydraulic pumps and/or motors smaller, more efficient and substantially less costly to produce. We are expecting to have our initial pre-production prototype ready by the end of April. We are in discussions with large manufacturers to license the Aegis technologies. These discussions are going well and there is substantial interest in the possibility of moving ahead. As mentioned before, our goal is to license to one large company. This will give them a great advantage in the marketplace and spur acceptance and growth for them and us. We will keep you informed as to our progress in these negotiations.
Corporate Matters:
Our fund raising is going well and we believe we will have the resources that we need to take us to a point where we can “ boot strap” ourselves with our own revenue. Our board has approved us to raise up to $5 million if needed. So far, we have collected $3.6 million.
Although nothing here is a done deal, I am optimistic that 2018 will be the breakout year for us. Again, Thank You for your patience and confidence.
Richard A. Kaplan
AI
