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Replies to post #1984 on Umbra Applied Technologies Group Inc (UATG)
10/28/16 12:26 AM
TAMPA, FL--(Marketwired - Aug 2, 2016) - Umbra Applied Technologies Group, Inc. (OTC: UATG), announced during a podcast last Thursday that its next generation bone fixator, ClearView™ G2 is ready for release with initial pilot surgeries to be completed over the course of the next 90 days.The ClearViewG2 is scheduled to go into production in October of this year.
TAMPA, FL--(Marketwired - Jul 21, 2016) - Umbra Applied Technologies Group, Inc. (OTC: UATG), announced today that its CEO released a letter to its shareholders outlining a more than $5 million capital investment in growth over the last 34 months with an additional $23 million equity investment into mergers and acquisitions. The company has acquired proprietary and strategic intellectual property through significant investment in its, secret research and development arm, UAT's Applied Sciences Division (ASD) and the acquisition of more than five formerly private companies.
In the letter released earlier in the week, Chief Executive Officer, Alex Umbra stated, "We have purchased technology and more than five companies totaling $23 million dollars in acquisition costs without increasing our debt". While this accomplishment is impressive, it signals what earlier public statements have long telegraphed; UATG not only intends to up-list but they intend to do it quickly. This is further bolstered by Mr. Umbra's statement, "We have improved operations by building a staff with some of the best and brightest experts in their respective fields. Our team is developing a world-class intellectual property portfolio that is pressing the development of many paradigm-shifting products".
In keeping with UATG's previous announcements, Mr. Umbra's letter hints at what is to come by stating that they expect to achieve some very significant milestones over the next several months. The previous public announcements making such inferences resulted in revolutionary products being announced such as the highly touted UBR-16 combat rifle, revolutionary Helix wind turbine and the first of its kind ClearView wrist fixator which sources have told us is in its final phase as a second generation design sure to impress.
Umbra Applied Technologies Group (OTC: UATG) UATG's Chief Executive Officer Alex Umbra recently announced a new share repurchase program. The company announced that the Company's Board of Directors approved the repurchase of up to two million dollars in stock. This buyback represents the company's confidence in the company's future and gratitude for supporting shareholders of Umbra Applied Technologies Group, Inc. Umbra announced the new repurchase program for up to $2 million of the Company's common stock over the next 24 months. Share repurchases will be made periodically through open market transactions at prevailing market prices, or in privately negotiated transactions. UATG said it hopes the new program will help offset "future employee equity grants and employee stock purchase programs." Umbra assured investors the company continues to develop and maintain "strategic product lines from various market segments" and "will continue to improve its cash position to maintain operations."
