Dear CurAegis Technologies Shareholders,
This is a short CEO update for CurAegis Technologies, Inc. as of August 7, 2018.
CURA System:
As you know, our CURA System was soft launched in May. It had some bugs, most of which are now fixed and our system is running well. One of our users actually said “The CURA system has literally changed my life”. Although we have launched a consumer effort we do not expect any significant results for some time. As we have previously said, Business, Government and large organizations are our main potential customers.
We have a significant number of sales opportunities with active or scheduled trials across our market verticals as well as strong interest from many more interested parties. We have not yet established what our sales cycles are going to be, but we hope to see some major commitments in the next 90 days.
Aegis Pump:
Our pump testing is going well and we believe we will be well prepared for our overseas testing with a major hydraulics manufacturer. Our initial schedule was for the last week of August, but because of the Labor Day holiday scheduling is likely to be shifted to early September. We expect to have a date certain by mid-August.
Corporate Matters:
Our fundraising is going well and if we raise the additional $1.5 million the board has approved to raise, we should be good into the first quarter of 2019 even if no other revenue is received.
With both our products now working we are very hopeful that the future will be successful.
Again, thank you for your patience and confidence in CurAegis.
Richard A. Kaplan
Chief Executive Officer
CurAegis Technologies, Inc.
