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UMBRA APPLIED TECHS GROUP - UATG STOCK NEWS

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Umbra Applied Technologies Group, Inc. (UATG) is a cutting-edge technology company with a strong focus on alternative energy, medical innovations, arms, and compound recognition technologies. The company recently secured a strategic growth partner to support its subsidiary, H2O Processing, in producing iron mitigation systems for crude oil. This partnership will enable the production of innovative systems that remove metal ions from crude oil, benefiting oil producers by improving production efficiency and enabling the sale of iron-laden crude oil to the pipeline. The company's commitment to growth and innovation positions it for success in the future.

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Umbra Applied Technologies Group, Inc (UATG) has secured an agreement with a lending partner to support the growth of its subsidiary H2O Processing, receiving strategic growth capital to produce iron mitigation systems for crude oil. The financing will be paid from the proceeds of production, allowing for the construction, delivery, and operation of the systems before the first payment is due. H2O Processing expects immediate success in Q1 of 2024 and plans to seek additional funding to support manufacturing operations and water treatment systems. The Company's executives are optimistic about the traction gained and the potential for exponential success in the new year.
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UAT Group divests corporate interests in NextCast and Bacter Scientific, reducing debt by $10.2M. The company aims to streamline operations and allocate resources to assets with higher return potential. Additional reviews are being conducted for underperforming interests and assets. CEO puts a moratorium on new acquisitions. UAT Group seeks results or return of capital from companies that failed to deliver promised results. The company plans to rid itself of low-performing assets and IP to improve returns and meet end-of-year objectives.
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Umbra Applied Technologies Group (OTC Pink: UATG) announced that its subsidiary, Ossifix Orthopedics, has initiated a comparative study across six sites to evaluate the Ossifix Javelin allograft bone pin system against traditional methods. Early results indicate patients using the Javelin were medically released approximately 50% faster, around the four-week mark, compared to 8-10 weeks with standard techniques. The Javelin pin integrates into existing bone without ossification and is designed for minimal allergic reactions. The global market for these implants is projected to grow 14% annually, reaching $4.696 billion this year.

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Umbra Applied Technologies Group's subsidiary, H2O Processing, has acquired a 50% interest in a Texas salt water discharge site from Bellows Operating Salt Water Discharge (BOSWD). This acquisition will enhance processing capabilities from 5,000 to 7,500 barrels per day and is projected to increase revenues from $1.9 million to over $2.8 million. The partnership aims to reduce environmental risks while maximizing profitability for oil producers by implementing advanced water treatment technology. This deal follows three other contracts H2O Processing secured, totaling nearly $52 million in annual revenue.

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Umbra Applied Technologies Group's subsidiary, H2O Processing, has secured a contract with Pinto Red Gathering Company (PRGC) to treat iron contaminated crude oil. The initial contract involves treating 650 barrels per day, escalating to 1,200 barrels daily, with a target to reduce iron content below 10 ppm for pipeline retailing. The contract is expected to generate approximately $3.24 million annually, with potential total service contracts reaching $17.2 million. This deal marks H2O Processing's third contract this month, totaling nearly $50 million annually, highlighting its growing significance in the crude oil sector.

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Umbra Applied Technologies Group's subsidiary, H2O Processing, has secured a contract with Synergy Crude LLC to treat iron-contaminated crude oil, processing 1,500 bbls daily, aiming for reductions under 10 ppm. The contract could rise to 8,000 bbls daily, yielding an estimated $15.4 million annually. The initial monthly production value is projected at $250,000. This contract follows another recent agreement, totaling over $30 million this month. H2O Processing offers proprietary technology to address challenges in the oil industry and holds exclusive state permits in Oklahoma.

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Umbra Applied Technologies Group's subsidiary, H2O Processing, has secured a contract with Bellows Operating Salt Water Discharge to treat heavily iron contaminated crude oil. This agreement specifies treatment of at least 1,000 barrels daily, potentially increasing to 8,000 barrels, translating to over $15 million in annual revenue. Initial production values are expected to exceed $240,000 monthly. H2O Processing's innovative methods will enhance oil quality by reducing iron content, and their mobile treatment platforms are ready for commercial production.

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Umbra Applied Technologies Group (UATG) announces the successful use of its Ossifix Orthopedics Javelin cortical bone pin in surgeries, marking a significant advancement in orthopedic practices. The allograft system reduces surgical time by up to 50% and eliminates complications associated with traditional metal implants. Surgeons report positive outcomes, with patients able to ambulate pain-free by the next day. The Ossifix line is positioned to capture a share of the rapidly growing resorbable implant market, projected to reach $4.696 billion in sales this year, with nationwide distribution planned for 2023.

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Umbra Applied Technologies Group (UATG) announced a partnership between its subsidiary H2O Processing and Bellows Operating Salt Water Disposal in Texas. This collaboration aims to enhance oil and water treatment technologies, leveraging Bellows' extensive experience in water disposal. Under this agreement, H2O will process up to 12,000 bbls/day of contaminated water from two wells, with plans for additional wells in the future. The partnership signifies a significant operational expansion and aims to deliver cleaner energy solutions. Bellows will also provide staffing and maintenance for H2O's new technology platforms.

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Umbra Applied Technologies Group (UATG) announced a rebranding of its subsidiary, The Dreaming Company, introducing Hygieia Ageless, an expansion of its skincare line. This includes seven new anti-aging products targeting consumers aged 30-45, aiming to increase customer loyalty and market reach. The skincare products, made in the USA, use high-quality, paraben-free ingredients designed to reduce signs of aging. The global anti-aging cosmetics market is expected to grow from $38 billion to over $60 billion by 2026. Four products are currently available on Amazon and the company website.

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FAQ

What is the current stock price of UMBRA APPLIED TECHS GROUP (UATG)?

The current stock price of UMBRA APPLIED TECHS GROUP (UATG) is $0.0038 as of June 11, 2024.

What is the market cap of UMBRA APPLIED TECHS GROUP (UATG)?

The market cap of UMBRA APPLIED TECHS GROUP (UATG) is approximately 408.1K.

What is Umbra Applied Technologies Group, Inc. focused on?

UATG focuses on alternative energy, medical innovation, arms, and compound recognition technologies.

What recent achievement has UATG made?

UATG secured a strategic growth partner for its subsidiary, H2O Processing, to produce iron mitigation systems for crude oil.

How will the partnership benefit the oil industry?

The partnership will enable the production of systems that remove metal ions from crude oil, improving production efficiency and enabling the sale of iron-laden crude oil to the pipeline.

What is the goal of UATG's commitment to growth and innovation?

UATG aims to position itself for success in the future by expanding its product offerings, enhancing its service capabilities, and venturing into clean environmental technologies.

Where is UATG located?

UATG is located in Tampa, Florida.

Where is H2O Processing, Inc. located?

H2O Processing, Inc. is located in Denver, Colorado.

What type of companies does UATG invest in?

UATG is a holding company that invests in both public and private companies during early and growth stages with a synergistic business model.

How can investors and media contacts reach UATG?

For more information, contact info@uatgroup.com.

What are the forward-looking statements made by UATG?

UATG's forward-looking statements include forecasts on its ability to conclude a business combination with a third party, sale of assets, return of capital, and a secondary listing on the OTC, subject to assumptions, risks, and uncertainties.

What is the disclaimer regarding forward-looking information from UATG?

UATG's forward-looking information represents management's best judgment based on current information available, and there are no guarantees that the activities mentioned will be completed as expected.

UMBRA APPLIED TECHS GROUP

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408.06k
1.00B
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