Fire Prevention and Suppression
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Univest Securities, LLC Congratulates Its Client General Enterprise Ventures, Inc. (NYSE American: CITR) on Its Uplisting to the NYSE American
Globenewswire· 2025-12-04 19:45
Core Company Insights - General Enterprise Ventures, Inc. has successfully uplisted to the NYSE American, marking a significant corporate milestone that enhances its visibility and access to institutional capital [1] - The company specializes in environmentally safe fire-prevention technologies under the CitroTech brand, which is strategically positioned to benefit from the growing demand for safer and sustainable fire suppression solutions [2][12] - CitroTech technology is supported by extensive research, patents, and third-party environmental certifications, ensuring its effectiveness and safety [3][4] Product and Market Positioning - CitroTech is recognized under the U.S. EPA's Safer Choice program, making it the only fire inhibitor to receive this designation, and it is also UL GreenGuard Gold certified [4][5] - The product line boasts over 80 global patents and numerous environmental accreditations, highlighting its proprietary technology and compliance with safety standards [6][7] - CitroTech can be applied to all new construction lumber, targeting high-value markets such as industrial infrastructure, wildfire mitigation, and energy storage systems [8][9] Strategic Partnerships and Financial Support - Univest Securities has developed a strategic partnership with General Enterprise Ventures since early 2025, assisting in raising approximately $20 million through private placements to support the company's operations and growth [10] - This collaboration reflects a strong alignment of vision and commitment to creating value, laying a solid foundation for future support [10] Industry Context - The global fire prevention and suppression industry is expanding, driven by increasing demand for environmentally sustainable technologies and stricter regulations on traditional firefighting chemicals [2][8]
PMGC Holdings Inc. [Nasdaq: ELAB] Congratulates General Enterprise Ventures, Inc. [NYSE: CITR] on Its Uplisting to the NYSE American, Highlights Equity Stake
Globenewswire· 2025-12-04 15:57
Core Insights - PMGC Holdings Inc. congratulates General Enterprise Ventures, Inc. on its uplisting to the NYSE American, marking a significant corporate milestone that enhances visibility and access to institutional capital [1][2] Company Overview - PMGC Holdings, through its subsidiary PMGC Capital, is an investor in General Enterprise Ventures, which focuses on environmentally safe fire-prevention technologies [2] - General Enterprise Ventures owns the CitroTech family of innovative fire prevention solutions, recognized for its effectiveness and environmental safety [10] Market Dynamics - The global fire prevention and suppression industry is expanding, driven by increasing demand for safer and environmentally sustainable technologies [3] - The CitroTech products are strategically positioned to benefit from this market expansion by providing non-toxic, rapidly deployable fire-inhibition solutions [3] Product Certifications and Accreditations - CitroTech is the only fire inhibitor recognized under the U.S. EPA's Safer Choice program, ensuring it meets stringent safety criteria [5] - The technology has received UL GreenGuard Gold certification, indicating its safety for volatile organic compounds (VOCs) [8] Strategic Focus - PMGC Capital's investment in GEVI aligns with its strategy of financing innovation in essential industries with substantial global growth potential [9] - The company targets multiple high-value markets, including industrial infrastructure, wildfire mitigation, and energy storage systems, driven by stricter regulations and increased safety standards [7][9] Innovation and Growth Potential - CitroTech boasts over 80 global patents and 18 environmental accreditations, supporting its long-term growth and market expansion [8][10] - The company's recurring-revenue model and scalable approach further enhance its potential for meaningful long-term growth and value creation [10]