UAT Group, Inc Announces Bid to Acquire Nathaniel Energy

Rhea-AI Summary

Umbra Applied Technologies Group (UATG) is finalizing the acquisition of Nathaniel Energy, enhancing its clean energy solutions. This strategic move follows UATG's earlier purchase of H2O Processing, aiming to provide a comprehensive service for municipalities tackling clean water and energy demands. Nathaniel Energy specializes in waste-to-energy systems that convert solid waste, including used tires, into usable energy, addressing environmental concerns while offering economic benefits. The integration of these technologies is expected to lower costs for municipalities and promote renewable energy solutions.

Positive

• Completion of acquisition enhances UATG's clean energy offerings.
• Strategic integration of Nathaniel Energy with H2O Processing provides comprehensive solutions for municipalities.
• Nathaniel Energy's technology addresses environmental issues, particularly with waste management.

Negative

• None.

Tampa, FL, March 17, 2022 (GLOBE NEWSWIRE) -- Umbra Applied Technologies Group, Inc (OTC Pink: UATG) (UAT Group), announced today that it is finalizing the acquisition of the Colorado based company Nathaniel Energy, Inc.

Chief Executive Officer, Alex Umbra commented, "The acquisition of Nathaniel Energy, and its portfolio of IP, represents the final piece of a puzzle we began putting together early last year when we acquired H2O Processing. Nathaniel Energy, in combination with H2O Processing, will deliver a complete solution suite for municipalities struggling to meet the clean water and energy demands of their cities. Once completed, the acquisition of Nathaniel Energy will enable UAT Group to not only be a one-stop-shop in the clean energy sector but be a responsible solution for cities across the country”.

Nathaniel Energy Corporation has developed a waste to energy system that converts solid wastes (municipal waste, tires, rice hulls, etc.) into usable energy and economically recoverable products. The disposal of used tires is a continuing concern and one that is typically not environmentally friendly. Used tires consume valuable landfill space; they provide breeding grounds for disease-carrying parasites and they represent a serious threat to the environment as air pollution (uncontrolled tire fires) and water pollution (bacteriological degradation). Additionally, the disposal of these tires represents the loss of a considerable amount of energy and usable resources.

Tires are shredded into small pieces (about 1-1/2 inches in size). This shredding process removes the steel wire and belting contained within the tires.  This steel is then separated and collected to be recycled.  More than 10,000 tons of high alloy steel (ASTM 1070) is recovered each year.

The steel is recovered for two reasons.  First, it is a valuable reusable resource and second, steel will not burn, dilutes the overall energy production and reduces energy efficiency. The steel-free rubber shreds are then fed into the Nathaniel Energy proprietary combustor where the fuel components are converted into a fuel gas. This is a two-stage process.  The first stage gasifies all of the volatile hydrocarbons and dissociates (breaks apart) the heavier hydrocarbon molecules into basic components like hydrogen, methane and carbon monoxide.  The second stage fully oxidizes the remaining heavy hydrocarbons and solid carbon into carbon monoxide, a fuel gas.  All that is left is an unburnable residue, called bottom ash.  This ash consists of components in the tires like silica, alumina and iron oxide that are added to the tire formulation to increase wear, durability or other desirable characteristics.  This bottom ash has a composition very similar to Portland cement, used to make concrete.  All bottom ash is recovered each year for use as a concrete additive, to manufacture concrete blocks or as a road base additive. In the second stage, all of the fuel gases are collected, mixed with a closely controlled amount of air and combusted at a very high temperature.  This very high temperature effectively destroys 100.0% of the hazardous air pollutants.  The heat from this reaction is used to produce steam used to generate electricity. After generating electricity, there is still residual heat remaining in the steam that can be used for other purposes.

Nathaniel Energy has produced units for seven different countries for a variety of needs. In addition, Nathaniel Energy built the largest tire recycling plant in Texas shredding over several million tires per year to be used as TDF (tire derived fuel) for local cement plants as fuel.

H2O Processing CEO, Stan Abrams shared, “We are very excited to onboard Nathaniel Energy and its technology within the UAT Group family of companies. This technology will allow us to be a more complete service provider for our targeted market while providing clean water and energy with zero emissions. We are eager to demonstrate how our way is better and less expensive which will enable municipalities to lower costs and pass the savings along to the citizens in their cities. Energy and water that is cleaner, safer, renewable and less expensive; what could be better?”

About Umbra Applied Technologies Group, Inc.

The firm is located in Tampa Florida and focuses on advanced technologies across many disciplines. UAT Group is a holding company with interests in both public and private companies during the early stages of development as well as growth stages of companies with a synergistic business model to UAT Group subsidiaries.

For more information visit www.uatgroup.com

Investor and Media Contact: info@uatgroup.com

NEITHER THE SECURITIES EXCHANGE COMMISSION NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Forward-Looking Information

This news release may include "forward-looking statements" including forecasts, estimates, expectations, and objectives for future operations including but not limited to its ability to conclude a business combination with a third party, sale of assets, return of capital or initial public offering and a secondary listing on the OTC as a result of aforementioned and its ability to fund the exploration of its assets through the raising of equity or debt capital or through funding by a joint venture partner that are subject to a number of assumptions, risks, and uncertainties, many of which are beyond the control of Umbra Applied Technologies Group including but not limited to capital markets and securities risks and continued development success on technology. There can be and are no actual or implied guarantees that any of the above activities will be completed or completed on terms acceptable to the Company and its shareholders or approved by any regulatory authority having jurisdiction. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed, and actual future results may vary materially. Umbra Applied Technologies Group does not assume the obligation to update any forward-looking statement, except as required by applicable law.

FAQ

What is the significance of UATG acquiring Nathaniel Energy?

The acquisition enhances UATG's capabilities in providing clean energy solutions to municipalities, especially in waste management.

When was the UATG acquisition of Nathaniel Energy announced?

The acquisition was announced on March 17, 2022.

How will the acquisition of Nathaniel Energy affect UATG's business?

It is expected to enable UATG to offer a complete solution suite, improving service delivery in the clean energy sector.

What technologies does Nathaniel Energy offer?

Nathaniel Energy provides waste-to-energy systems that convert solid waste into usable energy, particularly from used tires.

What impact does Nathaniel Energy's technology have on the environment?

The technology mitigates landfill issues and pollution, converting waste into energy and reducing environmental harm.