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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.