CEO Report March 18, 2019
Dear CurAegis Technologies Shareholders,
This is a short CEO update for CurAegis Technologies, Inc. as of March 18, 2019.
Dear Shareholders,
I am sorry it has been so long since my last CEO report but I felt I had to wait for our negotiations regarding our hydraulic technology to progress to the point when I could give out information.
AEGIS Pump and Motor: As you know, we have been working with one large company to license or sell our hydraulic technologies. As of now we have not been able to reach an agreement. Although we are not stopping those negotiations, we now believe it is in the Company’s best interests to open them up to other prospects. We have started conversations with investment bankers and companies that we believe will be interested in these technologies. We believe we have valuable assets and want to make sure we receive fair value for them. I will keep you informed of our progress.
CURA System: We and our initial customers and testers have been very happy with our present system. We are scheduled to receive our new APP and API on March 23rd. We believe this will greatly improve the ease of use and the customer experience. This will also allow us to use our system with many other sensors such as Apple, Polar etc. It will also allow organizations to integrate the CURA system into their own existing safety, wellness, or administrative technologies, which has held up potential sales with larger customers or those who need that integration. We also have changed our pricing structure which we believe makes it much more attractive to our customers. We are presently talking to many organizations who have expressed interest. We will be showing them our new system over the next month or so. We believe we will be able to close some of those soon.
I now expect to give you updates on a more regular basis.
CONTACT: Richard A. Kaplan Chief Executive Officer 585-254-1100
