MDGS - Medigus (MDGS) expands EV operations with acquisition of new technology shares up 31%

Medigus (MDGS) up 31% premarket after entering into an agreement to acquire IP and know-how including a provisional patent submitted in the U.S. for electric vehicles' ((EV)) wireless robotic charging pad?.The new technology is a wireless charging system platform that can automatically self-align itself with a vehicle that requires electric charging. As per the agreement, Medigus shall buy all rights, title and interest throughout the world in and to the IP, know-how and patent for an aggregate amount of $75K.The company plans to invest up to an additional $150K in the initial development of the technology and proof of concept.Medigus plans to consolidate these activities including new technology under a new subsidiary that it intends to form.

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Medigus (MDGS) expands EV operations with acquisition of new technology, shares up 31%