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SecureTech Acquires 100% of AI UltraProd Group in Landmark Deal
Globenewswireยท 2025-06-24 12:30
Core Insights - SecureTech Innovations, Inc. has announced the acquisition of AI UltraProd Group, enhancing its capabilities in artificial intelligence and industrial 3D printing technologies, aligning with its 2025 Roadmap for Innovation and Growth [1][4][10] Acquisition Details - The acquisition includes a commitment of at least US$10 million in investments over the next 24 to 36 months to support AI UltraProd's growth and operational scaling [3] - Financial details, including two years of audited statements and combined pro forma financials, will be disclosed in a forthcoming SEC Form 8-K filing [3] Leadership Statements - J. Scott Sitra, President and CEO of SecureTech, emphasized the strategic importance of the acquisition for innovation and industry leadership, highlighting the synergy between SecureTech and AI UltraProd [4] - Xing YunZhu, Director of AI UltraProd, noted that the partnership will accelerate the deployment of proprietary technologies and enhance operational efficiency [5] Company Profiles - AI UltraProd specializes in integrating artificial intelligence with industrial 3D printing, optimizing manufacturing processes and reducing costs, with a portfolio of 24 issued patents and additional patents in development [6] - SecureTech's FY2024 revenue was US$2.9 million, with projected FY2025 revenue of US$10 million, indicating significant growth potential [9]