Umbra Applied Technologies Group (UATG) to launch a new product line that will expand the companyâ€™s footprint into the textile market segment. The company under its research and development for more than four years has been able to introduce smart fabric.
The Chairman and Chief Executive Officer of Umbra Applied Technologies Group (UATG), said that the company is preparing to launch it shortly, surprising many shareholders and industry peers.
Under the auspices of the Umbra Applied Technologiesâ€™ fabled and highly secretive Scorpion Works division (Applied Sciences Division or ASD as it is officially referred to) the company has developed a product line they have dubbed Hygieia and it is the future of smart textiles.
Alex Umbra revealed a filament thread coated with silver that can conduct electricity and transfer data as well as function as a broad spectrum antimicrobial.
The company intends to use the technology for military applications, but announced the impending release of civilian products manufactured with this new revolutionary technology for the general retail markets.
Mr. Umbra treated the viewers to an advance look at fabric with the Hygieia technology applied within it and also gave viewers an ahead of market release demonstration of their new diabetic sock and low cut athletic sock.
Mr. Umbra was quick to point out that the products shown to viewers were working prototypes and were without the companyâ€™s branding, but did indicate that final product sampling delivered in official UAT packaging is in the process of being delivered to the company in keeping with the companyâ€™s intention to launch their new e-commerce website in the coming weeks.
With the launch of the new corporate web site being just a week old and the proclamation by the companyâ€™s CEO that an e-commerce site is being prepared in anticipation of a new product line launch in the coming weeks, it appears UATG is poised to generate revenues within an entirely new market segment lending further credence to market speculation that UATâ€™s Biotech division will be the first to deliver products to the market with margins favorable to the companyâ€™s balance sheet.
The Hygieia brand is a technology that can be applied broadly across all divisions and essentially signals the beginning of UATâ€™s launch into several markets via this product release and many more to come.
Mr. Umbra also referenced several other products that they have been working on and have been improving upon throughout the testing and design process of these advanced textiles.
They anticipate the product line to do very well in both the government and civilian market segment of which they intend to pursue very aggressively with a robust product line.
The Umbra Applied Technologies Group (OTC: UATG) headquartered in Tampa, Florida is a technology and innovation leader specializing in defense, civil government and technology solutions.
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