CurAegis Technologies Inc (fka CRGS)

[Dino1717]

Annual Report: Aegis Division: Hydraulic Pump

During 2018 the Company initiated discussions with a major hydraulics manufacturer ("the Manufacturer") to evaluate our hydraulics technology. After several productive discussions, the Manufacturer and the Company signed a Memorandum of Understanding ("the MOU") to evaluate an investment in the AEGIS technologies. The Company and the Manufacturer continued discussions through March 18, 2019 when it was determined that the parties had not been able to reach an agreement to proceed. The Company intends to continue discussion with the Manufacturer but at the same time open discussions to other prospects. As of this date, the Company has initiated discussions with investment bankers and companies that we believe will be interested in the AEGIS technologies. Management believes these are valuable assets and will prioritize receiving a fair price for them.