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SecureTech Successfully Completes Share Reduction Program
Globenewswire· 2026-01-12 13:30
Core Insights - SecureTech Innovations, Inc. has successfully completed its Share Reduction Program, achieving a total of 17,077,368 shares outstanding after reducing approximately 61 million shares over the past year [2][3]. Share Reduction Program - The Share Reduction Program was executed in three phases: - Phase 1: Canceled 43,100,000 shares, reducing total share count by approximately 55% [9]. - Phase 2: Canceled an additional 4,000,000 shares [9]. - Final Phase: Canceled 14,300,000 shares, resulting in an additional reduction of 46% in issued and outstanding shares [9]. Company Overview - SecureTech Innovations is a technology company focused on artificial intelligence, industrial 3D printing, cybersecurity, and digital infrastructure solutions [4]. - The company’s portfolio includes: - AI UltraProd, a leader in AI-driven 3D industrial manufacturing - Piranha Blockchain, which develops Web3 security and blockchain architecture - Top Kontrol, a patented anti-theft and anti-carjacking system [4]. Leadership Statement - J. Scott Sitra, President and CEO, emphasized the milestone achieved through disciplined execution and alignment within the team, positioning SecureTech for future growth and potential NASDAQ uplisting [3].
SecureTech Reports Strong Third Quarter 2025 Results
Globenewswire· 2025-11-20 17:53
Core Insights - SecureTech Innovations, Inc. reported a profitable third quarter for 2025, marking a significant milestone in its operational strategy and integration of AI UltraProd [4][9] - The company achieved revenue of $3.7 million, with a gross profit of $1.0 million, resulting in a gross margin of approximately 27% [9] - Net income attributable to shareholders was $490,999, a turnaround from a net loss of $93,708 in the same quarter of the previous year [9] Financial Performance - Revenue for the third quarter was $3.7 million, reflecting the first full quarter of consolidated results from AI UltraProd [9] - Gross profit reached $1.0 million, indicating a gross margin of about 27% [9] - The company reported net income of $490,999, compared to a net loss of $93,708 in the prior year quarter, marking its first profitable fiscal quarter [9] - Earnings per share (EPS) were reported at $0.01 basic [9] - The balance sheet was strengthened with total assets of $15.4 million and stockholders' equity of $10.4 million [9] Strategic Initiatives - The company is focused on executing its roadmap, which includes finalizing the recapitalization of the business, pursuing strategic acquisitions, uplisting to a national exchange, and spinning off Top Kontrol to unlock shareholder value [4] - The uplisting to the OTCQB Venture Market has enhanced visibility and credibility with investors [4] - Management expects continued revenue growth in the fourth quarter of 2025 as AI UltraProd scales production capacity and expands into new markets [5]
SecureTech Announces Uplisting to OTCQB Venture Market
GlobeNewswire News Room· 2025-08-01 12:30
Company Overview - SecureTech Innovations, Inc. is a pioneering technology company focused on advancing artificial intelligence, industrial 3D printing, cybersecurity, and digital infrastructure solutions [6] - The company’s portfolio includes AI UltraProd, Piranha Blockchain, and Top Kontrol, which address various real-world challenges [6] Market Position - SecureTech's common stock has been approved for trading on the OTCQB® Venture Market, marking a significant upgrade from the previous OTCID market [1][2] - The OTCQB is recognized by the U.S. Securities and Exchange Commission (SEC) as an established public market, providing enhanced transparency, improved liquidity, and increased visibility for investors [2] Strategic Goals - The uplisting to the OTCQB is viewed as a major milestone and a validation of the company's commitment to transparency and shareholder value [3] - The company aims for a long-term goal of listing on a national exchange such as the NYSE or NASDAQ, which would enhance capital access and strategic partnerships [3]