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Fifty 1 Labs, Inc. Accelerates Growth with New CEO, BioSentry Division Launch and Shareholder Dividend; Company Pursues Strategic Growth Through UAV Partnership and Targeted Acquisitions in Advanced Tech and Wellness
Globenewswire· 2025-04-30 13:07
Core Insights - Fifty 1 Labs, Inc. has appointed Michael Lawson as the new CEO and Chairman, who will lead the newly formed BioSentry Division focused on biohazard sensing technology [1][6] - The BioSentry Division aims to develop advanced sensors for detecting biological, chemical, and environmental threats, utilizing techniques like PCR and gas chromatography [2][7] - A strategic partnership with UAV Corp will enhance UAV-integrated biohazard detection capabilities, with plans to issue dividends of UMAV shares to FITY shareholders [3][5] Leadership and Strategic Focus - The acquisition of Genetic Networks LLC was not finalized after a due diligence process, and the company has rescinded the employment offer to Gennaro D'Urso [4] - Fifty 1 Labs is targeting multi-million-dollar contracts with the Department of Defense, leveraging its BioSentry technology and UAV initiatives [5] - Brandon Spikes will continue as President, and Robert Clark will remain on the Board, providing strategic guidance [5] Product and Technology Development - The BioSentry technology will support applications in environmental monitoring, public health, defense, and industrial safety [2][7] - The company offers a premium line of wellness supplements, including pre-workout formulas and herbal gummies, emphasizing innovation and shareholder value [8]