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Aluf Holdings, Inc. Welcomes Dr. Matthew Leftwich CTO and COO to the Board and Announces Strategic Acquisition of Nanomatronix, LLC

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Aluf Holdings, Inc. (OTC PINK:AHIX) has announced two significant developments: the appointment of Dr. Matthew Leftwich to its Board of Directors and a strategic acquisition of Nanomatronix, (NMX). Dr. Leftwich, who recently joined Aluf as CTO and COO, brings over 25 years of experience in high-tech startups and will continue to lead NMX while taking on his new responsibilities at Aluf.

The company has signed a purchase agreement to acquire NMX, with the deal expected to close by early 2025. This acquisition aims to integrate and expand NMX's technologies and services into critical markets, accelerating technology development and creating value for customers and stakeholders. Upon completion, NMX will become a wholly owned subsidiary of Aluf Holdings, maintaining its status as a US-based, 100% US-owned, and US-sourced small business.

Aluf Holdings, Inc. (OTC PINK:AHIX) ha annunciato due sviluppi significativi: la nomina del Dr. Matthew Leftwich nel suo Consiglio di Amministrazione e un'acquisizione strategica di Nanomatronix (NMX). Il Dr. Leftwich, che recentemente è entrato in Aluf come CTO e COO, porta con sé oltre 25 anni di esperienza in startup high-tech e continuerà a guidare NMX mentre assume i nuovi incarichi in Aluf.

L'azienda ha firmato un accordo di acquisto per acquisire NMX, con la chiusura della transazione prevista entro l'inizio del 2025. Questa acquisizione mira a integrare e ampliare le tecnologie e i servizi di NMX in mercati critici, accelerando lo sviluppo tecnologico e creando valore per i clienti e gli stakeholder. Una volta completata, NMX diventerà una controllata interamente posseduta da Aluf Holdings, mantenendo il suo status di azienda statunitense, interamente di proprietà statunitense e piccola impresa con sede negli Stati Uniti.

Aluf Holdings, Inc. (OTC PINK:AHIX) ha anunciado dos desarrollos significativos: la designación del Dr. Matthew Leftwich en su Junta Directiva y una adquisición estratégica de Nanomatronix (NMX). El Dr. Leftwich, quien se unió recientemente a Aluf como CTO y COO, aporta más de 25 años de experiencia en startups de alta tecnología y continuará liderando NMX mientras asume sus nuevas responsabilidades en Aluf.

La compañía ha firmado un acuerdo de compra para adquirir NMX, con la transacción que se espera que se cierre a principios de 2025. Esta adquisición tiene como objetivo integrar y expandir las tecnologías y servicios de NMX en mercados críticos, acelerando el desarrollo tecnológico y creando valor para los clientes y partes interesadas. Una vez completada, NMX se convertirá en una filial de propiedad absoluta de Aluf Holdings, manteniendo su estatus como una empresa pequeña, 100% estadounidense y con sede en EE. UU.

Aluf Holdings, Inc. (OTC PINK:AHIX)는 두 가지 중요한 발전을 발표했습니다: Matthew Leftwich 박사가 이사회에 임명되었고 Nanomatronix(NMX)의 전략적 인수입니다. Leftwich 박사는 최근 Aluf의 CTO 및 COO로 합류했으며, 25년 이상의 고급 기술 스타트업 경험을 보유하고 있으며, Aluf에서의 새로운 책임을 맡는 동안 NMX를 계속 운영할 것입니다.

회사는 NMX 인수를 위한 구매 계약을 체결했으며, 이 거래는 2025년 초까지 완료될 것으로 예상됩니다. 이 인수의 목적은 NMX의 기술과 서비스를 핵심 시장에 통합하고 확장하여 기술 개발을 가속화하고 고객 및 이해관계자에게 가치를 창출하는 것입니다. 완료되면 NMX는 Aluf Holdings의 완전 소유 자회사가 되며, 미국에 본사를 둔 100% 미국 소유의 소기업으로서의 지위를 유지할 것입니다.

Aluf Holdings, Inc. (OTC PINK:AHIX) a annoncé deux développements majeurs : la nomination du Dr Matthew Leftwich à son conseil d'administration et une acquisition stratégique de Nanomatronix (NMX). Le Dr Leftwich, qui a récemment rejoint Aluf en tant que CTO et COO, apporte plus de 25 ans d'expérience dans les startups de haute technologie et continuera à diriger NMX tout en prenant ses nouvelles responsabilités chez Aluf.

La société a signé un accord d'achat pour acquérir NMX, avec la conclusion de l'accord prévue d'ici début 2025. Cette acquisition vise à intégrer et à étendre les technologies et services de NMX sur des marchés critiques, à accélérer le développement technologique et à créer de la valeur pour les clients et les parties prenantes. Une fois finalisée, NMX deviendra une filiale entièrement détenue d'Aluf Holdings, tout en maintenant son statut d'entreprise américaine, entièrement détenue par des intérêts américains et provenant des États-Unis.

Aluf Holdings, Inc. (OTC PINK:AHIX) hat zwei bedeutende Entwicklungen angekündigt: die Ernennung von Dr. Matthew Leftwich in den Aufsichtsrat und eine strategische Übernahme von Nanomatronix (NMX). Dr. Leftwich, der kürzlich als CTO und COO zu Aluf gestoßen ist, bringt über 25 Jahre Erfahrung in High-Tech-Startups mit und wird NMX weiterhin leiten, während er seine neuen Verantwortlichkeiten bei Aluf übernimmt.

Das Unternehmen hat einen Kaufvertrag zur Übernahme von NMX unterzeichnet, wobei mit dem Abschluss des Deals bis Anfang 2025 gerechnet wird. Diese Übernahme zielt darauf ab, die Technologien und Dienstleistungen von NMX in kritische Märkte zu integrieren und auszubauen, die technologischen Entwicklungen zu beschleunigen und den Kunden sowie den Stakeholdern Mehrwert zu schaffen. Nach Abschluss wird NMX eine hundertprozentige Tochtergesellschaft von Aluf Holdings und behält ihren Status als in den USA ansässiges, zu 100 % in amerikanischem Besitz befindliches und aus den USA stammendes Kleinunternehmen.

Positive
  • Appointment of experienced Dr. Matthew Leftwich as CTO, COO, and Board member
  • Strategic acquisition of Nanomatronix, to expand technologies and services
  • Potential for accelerated technology development and market expansion
  • Retention of NMX's US-based small business status post-acquisition
Negative
  • Acquisition not expected to close until early 2025, delaying potential benefits
  • Integration challenges may arise from merging two companies' operations

FORT LAUDERDALE, FL / ACCESSWIRE / September 17, 2024 / Aluf Holdings, Inc. (OTC PINK:AHIX) is thrilled to announce that Dr. Matthew Leftwich, recently appointed as the company's Chief Technology Officer (CTO) and Chief Operations Officer (COO), has been unanimously elected to its Board of Directors. With over 25 years of experience leading high-tech startups, Dr. Leftwich has been instrumental in pioneering cutting-edge technologies. He currently serves as CEO and Engineering Director at Nanomatronix, LLC (NMX), and has previously held key roles as COO at Space Photonics, Inc., as well as Director of the Materials Science and Engineering Graduate Program at the University of Arkansas. Dr. Leftwich will continue to lead NMX while taking on his new responsibilities at Aluf.

Commenting on his new role, Dr. Leftwich said, "Aluf is fostering an exceptional culture, and the timing is perfect to integrate and expand NMX's technologies and services into critical markets. Our partnership and upcoming merger with Aluf will accelerate technology development and enable rapid transition into relevant industries, creating sustainable value for our customers and stakeholders."

Dr. Leftwich holds a Ph.D. in Microelectronics-Photonics, an MBA, an MS in Engineering Sciences, and a BS in Chemical Engineering.

Pending Acquisition of Nanomatronix, LLC:
Aluf Holdings has signed a purchase agreement to acquire NMX, with the deal expected to close by early 2025. Dr. Leftwich will play a key role in merging and expanding the research and development (R&D) and technology transfer strategies of both companies. The primary R&D operations will be based in Fayetteville, AR. Upon completion of the acquisition, NMX will become a wholly owned subsidiary of Aluf Holdings, Inc., maintaining its status as a US-based, 100% US-owned, and US-sourced small business.

About Aluf Holdings, Inc.:
Aluf Holdings, Inc. is a publicly traded company dedicated to acquiring, developing, and managing a diverse portfolio of high-growth potential companies and technologies. With a strong focus on the biotech and biometrics industries, Aluf aims to revolutionize these sectors through innovative solutions and strategic acquisitions.

About Nanomatronix, LLC:
Nanomatronix, LLC (NMX) is a US-based small business specializing in 100% US-sourced technology development. The company leverages non-dilutive federal funding and contracts to bring novel technologies to market, particularly in the defense and consumer industries. NMX is structured around three Strategic Business Units (SBUs) - Biotechnology, Microelectronics, and Nanotechnology - which focus on developing interdisciplinary products and system-level solutions.

Contact Information:
Teresa McWilliams, CFO
Aluf Holdings, Inc.
866-793-1110

Dr. Matt Leftwich, Ph.D.
CTO/COO - Aluf Holdings, Inc.
mleftwich@aluf.com
CEO/Engineering Director - Nanomatronix, LLC
mleftwich@nanomatronix.com

Safe Harbor Statement:
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. These statements are based on assumptions that may not prove accurate and are subject to significant risks and uncertainties. Factors that could cause actual results to differ include, but are not limited to, the company's ability to secure financing, retain key personnel, ensure timely delivery of inventory, and develop and market new products. The company disclaims any intention or obligation to update forward-looking statements as a result of developments occurring after the date of this release.

SOURCE: Aluf Holdings, Inc.



View the original press release on accesswire.com

FAQ

What is the latest acquisition announced by Aluf Holdings (AHIX)?

Aluf Holdings (AHIX) has signed a purchase agreement to acquire Nanomatronix, (NMX), with the deal expected to close by early 2025.

Who is Dr. Matthew Leftwich and what role will he play in Aluf Holdings (AHIX)?

Dr. Matthew Leftwich has been appointed as CTO, COO, and Board member of Aluf Holdings (AHIX). He will continue to lead NMX while taking on these new responsibilities and play a key role in merging and expanding the R&D and technology transfer strategies of both companies.

When is the acquisition of Nanomatronix by Aluf Holdings (AHIX) expected to close?

The acquisition of Nanomatronix by Aluf Holdings (AHIX) is expected to close by early 2025.

What are the potential benefits of Aluf Holdings' (AHIX) acquisition of Nanomatronix?

The acquisition aims to integrate and expand NMX's technologies and services into critical markets, accelerate technology development, and enable rapid transition into relevant industries, creating sustainable value for customers and stakeholders.

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