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Umbra Applied Technologies Group Inc.: UAT Group Subsidiary Announces Strategic Hires
Tampa, Florida (Newsfile Corp. - April 6, 2021) - Umbra Applied Technologies Group, Inc. (OTC Pink: UATG) (UAT Group) announced today, that its subsidiary UAT, has screened and brought in additional resources over the past six weeks. The company has hired additional team members from military and government positions to assist the Company in bolstering its infrastructure in an effort to support its growing IT and security needs. The addition of IT specialists and supportive management will also serve to support UAT s expansion into data-driven services, proprietary
Chief Executive Alex Umbra stated, We are building a tier one team, carefully chosen one individual at a time to ensure a cohesive unit of highly skilled and effective team members. These hires serve to support the build-out of an advanced IT apparatus upon which we will expand into multiple market segments such as intelligence and sec
Umbra Applied Technologies Group Inc.: UAT Group, Inc. Completes Bid to Acquire Orthopedic Implant Company
Tampa, Florida (Newsfile Corp. - March 16, 2021) - Umbra Applied Technologies Group, Inc. (OTC Pink: UATG) (UAT Group), announced today that it has initiated the acquisition of the Texas based company Ossifix Technologies, Inc.
The Ossix Orthopedics line of products will compete in one of the fastest growing, emerging markets, specically, the resorbable implant market, in three distinct surgical segments; orthopedic, dental, and general. Ossifix products are designed to be used in hospitals, ambulatory surgical centers, and specialty clinics. Distribution is scheduled throughout North America, and globally in Latin America, Europe, Asia Pacic, as well as the Middle East and Africa. This global market is currently experiencing an estimated growth of 14% per year to reach $4.696 billion US this year.
Umbra Applied Technologies Group Inc: UAT Group Inc, Acquires 20% of Next Casting Technologies
Tampa, Florida (Newsfile Corp. - March 4, 2021) - Umbra Applied Technologies Group, Inc (OTC Pink: UATG) announced today that it has purchased 20% of the Austin, Texas based medical company Next Casting Technologies. The global orthopedic casting, splinting, braces and support market was valued at US $4.6 billion in 2015 and is expected to reach US $7.9 billion by 2024, at a CAGR of 6.4%. Next Casting Technologies has projected its first-year revenues to be $16.1M once it launches with a five-year evaluation in excess of $80M. UAT Group will deliver the $5M purchase price amortized over the next 24 months.
Umbra Applied Technologies Group Inc: UAT Group, Inc Acquires H2O Processing
Tampa, Florida (Newsfile Corp. - February 25, 2021) - Umbra Applied Technologies Group, Inc (OTC Pink: UATG) (UAT Group) announced today that it has initiated the acquisition of the Denver, Colorado based manufacturer of water treatment components and systems company H2O Processing, Inc.
Chief Executive Officer, Alex Umbra commented, H2O represents an evolution in water treatment technology commensurate with the growing environmental demands of modern times. What Stan and his team at H2O have developed is exceptionally dynamic and will result in a paradigm shift within the segment. This addition to our suite of companies supports our commitment to building value within our subsidiary structure and delivering improved shareholder value.