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UAV Corp. (OTC: UMAV) Strengthens Financial Position with Elimination of Convertible Promissory Notes, Ongoing Debt Reduction, and Strategic New Sensor Division
Prism Media Wire· 2025-07-24 12:33
UAV Corp. (OTC: UMAV) Strengthens Financial Position with Elimination of Convertible Promissory Notes, Ongoing Debt Reduction, and Strategic New Sensor Division WEWAHITCHKA-PORT ST. JOE, Fla., July 24, 2025 – PRISM MediaWire – UAV Corp. (OTC: UMAV), a leader in innovative manned and unmanned aerial vehicle (UAV) technologies, is pleased to announce significant progress in strengthening its financial foundation. The company has successfully paid off three convertible promissory notes, which can no longer be ...
SS Innovations Announces Completion of World's First Intercontinental Robotic Cardiac Telesurgery
Prism Media Wire· 2025-07-22 12:45
Core Insights - SS Innovations International, Inc. has successfully completed the world's first intercontinental robotic cardiac telesurgery, showcasing the capabilities of its SSi Mantra 3 surgical robotic system [1][4][6] Company Overview - SS Innovations is dedicated to making robotic surgery affordable and accessible globally, with a focus on innovative surgical robotic technologies [1][8] - The company has received regulatory approval from India's Central Drugs Standard Control Organization for both teleproctoring and telesurgery, distinguishing it from other surgical robotic companies [7] Surgical Achievements - The recent cardiac procedure involved a robotic atrial septal defect closure performed remotely from Strasbourg, France to Indore, India, covering a distance of over 4,000 miles [2][3] - To date, SS Innovations has completed 35 telesurgeries, including 10 cardiac procedures, demonstrating the effectiveness of the SSi Mantra system in complex surgeries [6] Technological Features - The SSi Mantra surgical robotic system includes advanced features such as modular robotic arms, a 3D 4K monitor, and the ability to superimpose 3D diagnostic imaging models, enhancing surgical precision and safety [12]
Creatd's Flyte Introduces Jet Card Membership Program, Featuring Cryptocurrency Payment Option
Prism Media Wire· 2025-07-21 13:32
Core Insights - Creatd, Inc.'s aviation subsidiary, Flyte, has launched the Flyte Jet Card, a premium loyalty program aimed at enhancing the private aviation experience for frequent flyers [3][5] - The program offers guaranteed jet access, fixed hourly rates, and no hidden fees, catering to high-frequency travelers [5][6] - Flyte Jet Card introduces Bitcoin as a payment option, showcasing the company's commitment to financial flexibility and innovation [3][6] Company Strategy - The launch of the Flyte Jet Card aligns with Creatd's broader strategy to expand its digital asset infrastructure and build a long-term Bitcoin treasury position [3][6][7] - The program is designed to meet the needs of clients who prioritize reliability, efficiency, and luxury in their travel experiences [7] - Flyte aims to position itself at the intersection of convenience, technology, and financial innovation, appealing to high-net-worth individuals [7] Company Overview - Creatd, Inc. focuses on investments and operations across various sectors, including technology, media, aviation, advertising, and consumer markets [8] - Flyte, as an air mobility company, is redefining private air travel through AI-powered infrastructure and user-centered design [9]
Blackboxstocks Provides Stockholder Update on Acquisition of Rare Earth Company
Prism Media Wire· 2025-07-18 12:30
Company Overview - Blackboxstocks Inc. is a financial technology and social media hybrid platform that provides real-time analytics and news for stock and options traders [14] - The company is pursuing an acquisition of REalloys, Inc., a U.S.-based integrated rare earth company, to enhance stockholder value while continuing its fintech operations through its subsidiary, Blackbox.io Inc. [1][9] Acquisition Details - A definitive merger agreement was executed on March 10, 2025, to acquire REalloys, which specializes in high-performance magnet materials [2] - REalloys is positioned to strengthen the critical supply chain for U.S. national defense and advanced technologies [2] - The Hoidas Lake Rare Earth Deposit in Saskatchewan, Canada, acquired by REalloys, is one of the richest sources of rare earth elements, with a mineral resource totaling 2,153,000 metric tonnes at an average grade of 1.906% [3] Strategic Developments - On April 9, 2025, REalloys acquired 100% of PMT Critical Metals Inc., enhancing its production capabilities and intellectual property [4] - The facility in Euclid, Ohio, produces rare earth metals for key clients, including the U.S. Defense Logistics Agency and the Department of Energy [5] - A joint Memorandum of Understanding was signed with the Saskatchewan Research Council to advance the commercial production of high-performance rare earth magnet materials [6] Production Capacity and Goals - The combined production capacity of the facilities is targeted to reach 500 metric tonnes per year by 2026 and 1,000 metric tonnes by 2028 [7] - The merger is expected to provide access to the lucrative domestic rare earth and magnet materials sector, benefiting stockholders [9][10] Financial and Shareholder Impact - Upon closing of the merger, Blackbox legacy stockholders will own approximately 7.3% of the combined company's shares [12] - Stockholders will receive Contingent Value Rights (CVRs) entitling them to net proceeds from any future sale of Blackbox fintech operations within 24 months following the merger [12]
Allied Energy Corporation (OTC: AGYP) Signs Strategic MOU with Green Rain Energy Holdings (OTC: GREH) to Convert Stranded Gas into Power for Texas-Based EV Charging Infrastructure
Prism Media Wire· 2025-07-17 13:14
Core Insights - Allied Energy Corporation has signed a strategic Memorandum of Understanding (MOU) with Green Rain Energy Holdings to supply natural gas for electric vehicle (EV) charging stations in Texas and other U.S. markets [3][5][12] - The partnership aims to convert stranded and underutilized gas resources into sustainable energy, positioning Allied Energy at the forefront of Texas's energy transition [5][13] - The initiative is expected to generate recurring revenue in the $120 billion EV charging market while promoting decarbonization and supporting Texas's energy independence goals [5][24] MOU Details - The MOU will last for 120 days and is expected to lead to a definitive Energy Purchase and Sales Agreement (EPSA) upon site development commencement [22] - Green Rain Energy Holdings will identify priority charging station corridors, while Allied Energy will provide energy resources to power Level 3 DC fast chargers [15][22] - The project will utilize small-scale turbine or generator units to bypass lengthy grid interconnect timelines, enabling rapid deployment in key areas such as West Texas and along I-35 and I-10 [15][22] Economic and Environmental Impact - The partnership is aligned with Texas's eligibility for over $400 million in NEVI funding to expand EV infrastructure [12] - With over 1 million EVs projected on Texas roads by 2030, there is a growing need for localized power generation to support fast-charging infrastructure [13] - The initiative supports Texas's dual mandate of energy independence and carbon reduction, providing a cleaner alternative to diesel-based mobile charging units [24]
AmpliTech Group Joins Four Key Russell Indexes, Marking a Significant Milestone in Capital Market Recognition
Prism Media Wire· 2025-07-16 12:34
Core Viewpoint - AmpliTech Group, Inc. has been added to four major Russell indexes, marking a significant milestone in its recognition within the capital markets [1][2]. Company Overview - AmpliTech Group is a designer, developer, and manufacturer of advanced signal processing components for various communication networks, including satellite and 5G systems [1][5]. - The company operates through five divisions, focusing on radio frequency microwave components and ORAN 5G network solutions, serving global markets such as telecommunications, space exploration, and defense [5]. Market Recognition - Inclusion in the Russell 3000E, Russell 3000E Growth, Russell Microcap, and Russell Microcap Growth indexes enhances AmpliTech's visibility to institutional investors and signals its growth-oriented innovation in the communications sector [2][3]. - The index inclusion reflects growing institutional interest in AmpliTech's long-term vision and technology [3]. Recent Achievements - The company has secured multi-million-dollar follow-on purchase orders related to a $40 million Letter of Intent (LOI) for 5G ORAN radios from a Tier-1 mobile network operator, with shipments commencing in Q2 2025 [3]. - AmpliTech has received FCC, CE, and REACH certifications for its next-generation ORAN 5G radios, facilitating broader deployment in the U.S. for public and private networks [7]. Strategic Focus - Despite market volatility, AmpliTech's strong fundamentals and strategic focus position it for sustained long-term growth [4]. - The company has made strategic board appointments to enhance its engineering and policy expertise, guiding its next phase of growth [7].
Sanwire Files Complaint Against Intercept Music and Trillium Partners LP Seeking Return and Cancellation of Over 2,000,000,000 Sanwire's Common Shares Plus Court-Approved Monetary Compensation
Prism Media Wire· 2025-07-15 12:46
Core Viewpoint - Sanwire Corporation has filed a complaint against Intercept Music and Trillium Partners LP seeking the return and cancellation of over 2 billion common shares, along with court-approved monetary compensation due to alleged breaches of an acquisition agreement and improper financial transactions [1][3][4]. Summary of Events - Sanwire entered into an acquisition agreement with Intercept Music on March 5, 2020, purchasing its assets through the issuance of common and preferred stock [4]. - Intercept Music raised approximately $2.5 million by selling Sanwire's common stock and issuing convertible notes between December 2020 and March 2023, with Sanwire not receiving any proceeds from these funds [4]. - A $115,000 Convertible Promissory Note was negotiated between Intercept Music and Trillium, with funds wired directly to Intercept Music's account, again without Sanwire receiving any proceeds [4]. - Trillium converted $122,230.41 of the note into 642,147,984 common shares of Sanwire, significantly impacting the company's share price and increasing the total issued shares to 2,901,074,406 [4]. Relief Sought - The complaint requests the return and cancellation of 2,003,714,303 common shares to improve Sanwire's capital structure and attract future investments [6]. - Specific demands include the return of 1,361,566,319 common shares and 8,853,000 Series C Preferred shares, along with a payment of $250,000 for fees related to the acquisition transaction [8]. - Sanwire seeks reimbursement for the converted amount of the Trillium Note, all incurred expenses, and the assumption of all convertible and promissory notes for which it remains the obligor [8].
SS Innovations Announces Completion of World's First Robotic Telesurgery for Weight Loss with the Company's SSi Mantra 3 Surgical Robotic System
Prism Media Wire· 2025-07-10 12:45
Core Insights - SS Innovations International, Inc. has successfully completed the world's first robotic telesurgery for weight loss using the SSi Mantra 3 surgical robotic system, marking a significant milestone in the field of robotic surgery [2][3][5] Company Overview - SS Innovations is dedicated to making robotic surgery affordable and accessible globally, with a focus on innovative surgical robotic technologies [2][7] - The company is headquartered in India and aims to expand its global presence with user-friendly and cost-effective surgical robotic solutions [7] Surgical Procedure Details - The telesurgery involved two One-Anastomosis Gastric Bypass (OAGB) surgeries, which are advanced bariatric procedures aimed at long-term weight loss and improved metabolic health [4][8] - The surgeries were performed remotely over a distance of 560 miles, showcasing the capabilities of the SSi Mantra 3 system with zero perceptible lag and flawless precision [3][8] Technological Advancements - The SSi Mantra surgical robotic system features a modular design with 3 to 5 robotic arms, an ergonomic command center, and advanced imaging capabilities, supporting various surgical specialties [11] - The system has been clinically validated in over 100 different types of surgical procedures in India, demonstrating its versatility and effectiveness [11] Vision and Impact - The company emphasizes its mission to democratize robotic surgery, bridging healthcare gaps and making advanced surgical care accessible to remote regions [5][6] - SS Innovations aims to redefine surgical care access, equity, and excellence through its innovative technologies and humanitarian vision [6]
Sono-Tek Reports First Quarter FY 2026 Financial Results
Prism Media Wire· 2025-07-10 11:01
Core Insights - Sono-Tek Corporation reported its fifth consecutive quarter of revenue exceeding $5 million, driven by a significant order completion in the advanced solar market valued at $2.95 million [1][2][3] - The company achieved a gross margin of 52%, an increase from 49% in the previous year, and operating income rose by 103% year-over-year [1][7] - Despite strong performance in the first half of FY 2026, the company maintains a cautious full-year revenue outlook due to uncertainties surrounding governmental clean energy incentives and tariff policies [2][5] Financial Performance - Net sales for the first quarter of FY 2026 reached $5.13 million, a 2% increase from $5.03 million in the same quarter of FY 2025 [7] - Gross profit increased to $2.7 million, up 9% from $2.5 million year-over-year, contributing to a gross margin expansion [7] - Operating income rose to $483 thousand, a 103% increase compared to $238 thousand in the first quarter of FY 2025 [7] - Net income for the quarter was $485 thousand, reflecting a 47% increase from $331 thousand in the prior year [7] Market and Product Insights - Sales in the Alternative/Clean Energy market increased by 42% year-over-year, driven by production-scale system shipments, including a high ASP order of $2.95 million [9] - Integrated Coating Systems sales surged by 309% to $3.05 million, primarily due to a repeat order for high ASP systems [8] - Multi-Axis Coating Systems sales declined by 75% to $677,000, attributed to reduced R&D funding in the clean energy sector following government policy shifts [8] Guidance and Outlook - The company expects continued revenue growth and strong profitability in the first half of FY 2026, supported by a backlog of $7.5 million [5][6] - Full-year revenue growth is anticipated to be relatively flat due to market adjustments in response to recent governmental policy changes [5][6] - The company remains focused on high ASP orders and is well-positioned to navigate potential short-term demand shifts [3][5] Balance Sheet Overview - As of May 31, 2025, Sono-Tek reported cash, cash equivalents, and marketable securities totaling $10.9 million, with no debt on its balance sheet [16] - Stockholders' equity stood at $18.3 million, reflecting a healthy financial position [16]
AmpliTech Group's 5G Division Receives $2.9 Million Follow-On Orders As Part Of $40M LOI For 5G ORAN Radio Products From Tier 1 MNO
Prism Media Wire· 2025-07-08 12:30
Core Insights - AmpliTech Group's 5G division has received follow-on orders totaling $2.9 million as part of a $40 million Letter of Intent (LOI) from a Tier 1 Mobile Network Operator (MNO) [3][4] - The additional orders are expected to be delivered within the company's Fiscal Year 2025, indicating strong demand and confidence from the customer [4] - The company has reported follow-on orders exceeding $5 million from its major LOIs, showcasing its ability to meet critical delivery requirements for 5G ORAN customers [4] Company Overview - AmpliTech Group, Inc. specializes in designing, developing, and manufacturing advanced signal processing components for various communication networks, including 5G and 6G systems [3][5] - The company operates five divisions and serves global markets such as satellite communications, telecommunications, space exploration, defense, and quantum computing [5]