MDGS - Medigus to Invest in ABI Energy deep energy tech company

Medigus (NASDAQ:MDGS) signed an agreement to invest in ABI Energy, a deep-tech company developing cutting-edge devices that optimize fluid transportation to improve the global water, oil, and gas pipeline transportation infrastructure. The goal of ABI's products is to reduce pump energy consumption by up to 25% in the water, oil, and gas industries. Post the investment, the company will own ~19.17%. ABI, which will soon be rebranded as Laminera, technology-driven solutions are designed to improve and optimize existing pipeline transportation infrastructure by reducing energy and maintenance costs while enhancing flow capacity. Medigus is the lead investor in an up to $1.4M investment round in ABI Energy; it invested $300K in ABI Energy and will issue $400K worth of its ADS to ABI.

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Medigus to Invest in ABI Energy, deep energy tech company