This is good news....
CurAegis Technologies, Inc.
CEO Report
August 30, 2018
Dear CurAegis Technologies Shareholders,
This is a short CEO update for CurAegis Technologies, Inc. as of August 30, 2018.
We have just confirmed a date for our pump and motor validation testing at an overseas facility. The hydraulic manufacturer that we have been working with has decided to include some of their top executives to attend the testing. Coordinating their schedules with the scheduling of approximately a dozen other people at the overseas facility was a challenge.
Our team will depart on September 22nd for this testing. The testing protocols have been agreed upon and we expect they will take one week to complete.
I would like to caution that although the team from the hydraulics manufacturer is very excited about our technology and is making a substantial investment in time and cost for this test, there is no assurance that any kind of agreement will be reached.
With that said, we are very excited and ready for this important first step. As I have previously reported, we believe we will know within 30 days of the testing if the manufacturer wants to proceed with negotiations for an exclusive arrangement.
Richard A. Kaplan
Chief Executive Officer
CurAegis Technologies, Inc.
