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Umbra AppliedTechnologies Group, Inc. (UAT Group) (OTC: UATG ) - UATGroup strategic partner Next Casting Technologies has been issued apatent for technology it developed for use in its advanced SmartCast,IntelliBrace and BioSplint products. Filed in December of 2017, thispatent was one of four patents that had been pending. The Companyanticipates remaining patents being approved over the next ten totwelve months.
Next Casting Technologies (NCT) has begun the process ofcommercializing proprietary technologies which will positively impactpeople’s lives and increase value through a unique and diverseproduct line. The SmartCast Application allows the casting technicianto slip the SmartCast around the affected limb and position to ?t byusing a simple “mold and hold” technique. Lastly, the cast isactivated by pressing the button to initiate the curing process.Within 4 minutes that cast is hardened, fixed in place and is notdependent on the technician’s artistry, or lack thereof. The resultsare a predictable standard of care across the patient spectrum. Theend result is a completely waterproof, antimicrobial, orthopedic cast,that is time saving for clinicians and a superior standard of care forpatients.
UATGroup’s Chief Executive Officer Alex Umbra, stated, “This marks asignificant step forward for NCT. Having the appropriate measures inplace to protect intellectual property enables the Company to beginevaluating production schedules, supply chain resources andfulfillment execution strategies. I look forward to working with theNCT team in the near-term future as they begin their ramp up.”
UAT Group has a 26%equity interest in NCT.
For more information about NextCast go here: https://nextorthocast.com/
For more informationabout UAT go here: http://umbraappliedtechnologies.com/
About Umbra AppliedTechnologies Group, Inc.
The firm is located in Tampa, Florida and focuses on advancedtechnologies across many disciplines. UAT Group is a holding companywith interests in both public and private companies during the earlystages of development as well as growth stages of companies with asynergistic business model to UAT Group subsidiaries.
For more information,visit: www.uatgroup.com
Investor and MediaContact: info@uatgroup.com
NEITHER THE SECURITIESEXCHANGE COMMISSION NOR ITS REGULATION SERVICES PROVIDER ACCEPTSRESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWSRELEASE.
Forward-Looking Information
This news release may include "forward-lookingstatements" including forecasts, estimates, expectations, andobjectives for future operations including but not limited to itsability to conclude a business combination with a third party, sale ofassets, return of capital or initial public offering and a secondarylisting on the OTC as a result of aforementioned and its ability tofund the exploration of its assets through the raising of equity ordebt capital or through funding by a joint venture partner that aresubject to a number of assumptions, risks, and uncertainties, many ofwhich are beyond the control of Umbra Applied Technologies Groupincluding but not limited to capital markets and securities risks andcontinued development success on technology. There can be and are noactual or implied guarantees that any of the above activities will becompleted or completed on terms acceptable to the Company and itsshareholders or approved by any regulatory authority havingjurisdiction. Such forward-looking information representsmanagement's best judgment based on information currentlyavailable. No forward-looking statement can be guaranteed, and actualfuture results may vary materially. Umbra Applied Technologies Groupdoes not assume the obligation to update any forward-lookingstatement, except as required by applicable law.
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