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UAT Group Receives Financing for Iron Removal System

UAT Group Receives Financing for Iron Removal System

TAMPA, FL, December 11, 2023 - Umbra Applied Technologies Group, Inc (OTC PINK: UATG), announced today that it has reached an agreement with a lending partner to support the growth of its subsidiary H2O Processing. The private equity partner has provided the necessary strategic growth capital to support the production of its iron mitigation systems that remove metal ion from crude oil. Initial systems have entered production and are expected to be delivered to customer sites over the next...

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UAT Group Unwinds Previous Acquisitions

UAT Group Unwinds Previous Acquisitions

TAMPA, FL, July 28, 2023 - Umbra Applied Technologies Group, Inc (OTC PINK:UATG) (UAT Group), announced today that it has divested its corporate interests in NextCast and Bacter Scientific. Under previous agreements, UAT Group held a 26% interest in Next Casting Technologies Inc and a 10% interest in Bacter Scientific Inc. The acquisitions represent a $10.2M debt obligation that will no longer be reflected on UAT Groups financial statements going forward. Chief Executive Officer, Alex Umbra...

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