CitroTech
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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]
General Enterprise Ventures Appoints Accomplished Entrepreneur and Wildfire Industry Leader, Wes Bolsen, as Chief Executive Officer
Businesswire· 2025-10-01 17:04
Core Insights - General Enterprise Ventures, Inc. has appointed Wes Bolsen as the new Chief Executive Officer, succeeding Ted Ralston, who will transition to Chairman of the Board [1][3]. Company Overview - General Enterprise Ventures, Inc. operates through its subsidiary Mighty Fire Breaker, LLC, offering a range of non-toxic and environmentally safe wildfire defense solutions, including home defense systems and fire-resilient building products [5]. Leadership Transition - Wes Bolsen brings over 20 years of experience in high-growth companies, particularly in wildfire protection, having co-founded LaderaTech and played a key role in its sale to Perimeter Solutions, which later went public with a valuation of $2 billion [2]. - Ted Ralston emphasized Bolsen's unique combination of entrepreneurial vision and industry knowledge, which is expected to help position CitroTech by MFB as a leader in wildfire prevention [3]. Strategic Focus - The company aims to expand into new markets and form strategic partnerships to enhance the adoption of its wildfire defense solutions [3]. - Bolsen expressed confidence in the potential of CitroTech to revolutionize fire prevention and protection, highlighting its advantages over traditional fire retardants and defense systems [3]. Product Information - Mighty Fire Breaker's CitroTech fire inhibitor is recognized as the only fire inhibitor designated as EPA Safer Choice and has received UL GREENGUARD GOLD certification, indicating its safety and environmental benefits [6].