Cura Division now receiving the same message board negative speculation/noise if you will, as the Aegis Division previously did. All my best to James Donnelly and team. It is my belief when the time is right, we will hear about your progress.
CEO Update - October 1st 2018
Dear Shareholders,
As we previously announced, a major hydraulics manufacturer would come to Rochester the week of September 24th to evaluate our pump and motor technology. Our MOU with them stated that they would let us know if they wanted to proceed to negotiations within 30 days from the testing. Last week a group of their senior management and engineers from the US and Europe came to our headquarters in Rochester, NY. They informed us after the meeting that they want to start negotiations immediately for an agreement to form a relationship with us.
I want to make it clear that this is not a done deal and the “devil is in the details” of an agreement. However, that being said, we are very excited about the potential that this could create for Curaegis.
We have recently received questions from investors regarding the possible agreement. Consistent with CurAegis Code of Business Conduct, we will not comment on speculation regarding the possible agreement. In addition, as a result of the above, CurAegis will observe a “quiet period” with respect to the possible agreement, beginning today and lasting until we have more to announce.
Thank you for your ongoing support and trust in our team.
Richard A. Kaplan
AI
