2023 Net Sales were $64.4 million

As the RV industry is forecasted to climb back to June 2022 levels by Q4 2024, where annualized revenue of $104.4MM was achieved, the growth in OEM partnerships are expected to be strong catalyst in growth for Dragonfly Energy!

Dragonfly Energy Battle Born Batteries now come as factory installed standard equipment on all new OGV Luxury Coach units, a new division of Forest River Inc., a subsidiary of Berkshire Hathaway Company

READ THE FULL PRESENTATION HERE

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Hello Everyone,

Dragonfly Energy Holdings Corp. (NASDAQ: DFLI) is at the forefront of the lithium boom as a domestic industrial leader in green energy storage and the maker of game-changing Battle Born Batteries®!

Through its renowned Battle Born Batteries® brand, Dragonfly Energy has established itself as a frontrunner in the lithium battery industry, with hundreds of thousands of reliable battery packs deployed in the field through top-tier OEMs and a diverse retail customer base.

Standing at the forefront of domestic lithium battery cell production, the company’s patented dry electrode manufacturing process can deliver chemistry-agnostic power solutions for various applications, including energy storage systems, electric vehicles, and consumer electronics.

Dragonfly Energy Holdings (NASDAQ: DFLI) has set out to develop cleaner and less wasteful processes to create lithium-ion batteries. Dragonfly produces batteries that solve today’s lead-acid problemand is creating next-generation nonflammable solid-state batteriesto address tomorrow’s energy storage needs.

The company’s cutting-edge technology enables widespread conversion to green, renewable energy.

Global demand for batteries is increasing, driven largely by the imperative to reduce climate change through electrification of mobility and the broader energy transition.

The global demand for lithium-ion batteries is poised for an unprecedented surge in the next decade. By 2030, the requirement is projected to skyrocket from about 700 GWh in 2022 to approximately 4.7 TWh!

Lithium-ion batteries power the lives of millions of people each day. From laptops and cell phones to hybrids and electric cars, this technology is growing in popularity due to its lightweight, high energy density, and ability to recharge.

Battery demand for EVs continues to rise. Automotive lithium-ion (Li-ion) battery demand increased by about 65% to 550 GWh in 2022, from about 330 GWh in 2021, primarily as a result of growth in electric passenger car sales, with new registrations increasing by 55% in 2022 relative to 2021.

The Outlook finds that under today’s policy settings, every other car sold globally is set to be electric by 2035. Meanwhile, if countries’ announced energy and climate pledges are met in full and on time, two in three cars sold will be electric by 2035!

With the future anticipated to be powered by lithium, a domestic battery supply chain has become a priority.

The U.S. has a lofty goal to reduce its reliance on foreign lithium supply and increase the nation’s energy self-sufficiency. The National Blueprint for Lithium Batteries 2021-2030, developed by the Federal Consortium for Advanced Batteries, outlines the country’s plans to bolster investments in the lithium supply chain, beginning with mining to processing and production.

China dominates the global supply chain for lithium-ion batteries prompting North America to scramble for more control over the “white oil.”

And despite short-term headwinds, there is a consensus in the mining and auto industries that long-term demand for lithium is expected to continue to outpace ALL OTHER METALS in the years ahead.

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                                   COMPANY HIGHLIGHTS

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RECENT HIGHLIGHTS

Announced expanded market share with inclusion as standard equipment by recreational vehicle (“RV”) giant, Forest River (link)

Announced the John Lennon Educational Tour Bus is now powered by Battle Born Batteries, moving the nonprofit mobile recording studio toward improved sustainability (link)

Announced partnership with Ameresco to boost renewable energy and power system applications (link)

Announced Coachmen RVs will include Battle Born Batteries as an optional upgrade on its Entourage Class C Motorhomes (link)

Announced entrance into heavy-duty trucking market, with new Battle Born All-Electric APU, enabling reduced fuel costs, increased uptime and payload, and lower harmful emissions (link)

Announced successful cathode electrode dry deposition, at scale, for American made lithium batteries (link)

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI): At the Forefront of Lithium-Ion Technology for Renewable Energy Storage.

Harnessing the power of the sun, utilizing the strength of the wind, and turning the movement of water into power—renewable energy is all around us. But what happens if the water dries up, when the sun sets, and when the wind dies down? We lose power. But what if we didn’t have to? What if we could ensure that we use every ounce of that energy, whether it’s intermittent or not? The solution is storage.

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) has been at the forefront of integrating lithium-ion technology to deliver environmentally impactful solutions for energy storage. Their batteries have powered RVs, marine vessels, industrial applications, and off-grid properties for years, and now is the time for a bigger, brighter future. As our world makes the shift, living off green energy is possible, no matter how intermittent that source is. Through manufacturing and advanced research and development, Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) is putting Americans to work and developing technology for our future.

Powering life on the water, on the road, at home, or at work, Dragonfly Energy Holdings Corp. (Nasdaq: DFLI)is here to harness the unlimited potential of renewable energy. They’re increasing the adoption of energy sources, reducing emissions, and furthering the energy transition from being tied to the grid to being free and sustainable. As the industry leader in green energy storage, Dragonfly Energy Holdings Corp. (Nasdaq: DFLI)is powering lives with products that are safe, reliable, and powerful—products that are revolutionary.

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) —solving intermittency today for smarter energy storage tomorrow, and developing a cleaner, brighter future for generations to come.

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Dragonfly Energy Holdings Corp. (Nasdaq: DFLI): What’s Next in Grid-Level Storage & Harnessing Renewable Energy

The transition to renewable energy storage represents a pivotal and essential shift towards a brighter, more sustainable future. At the forefront of this transformation is Dragonfly Energy Holdings Corp. (Nasdaq: DFLI), a company that is revolutionizing how we store power and paving the way for innovative energy solutions.

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI)’s role extends far beyond that of a typical battery company. In fact, it is a trailblazer in the field of technology and innovation. The company’s primary focus is on developing and enhancing battery technology, including the creation of new battery packs, innovative battery cell manufacturing processes, and related products. Dragonfly Energy’s mission is to address and solve key challenges in energy and electricity production, both in the United States and around the world.

The critical challenge facing renewable energy is not cost, but rather intermittency—the fluctuating availability of sources like sunlight and wind. This is where Dragonfly Energy’s expertise in battery technology becomes vital. As a cutting-edge technology company, Dragonfly Energy is dedicated to developing energy storage solutions that allow renewable sources like wind and solar to effectively compete with traditional energy sources such as coal, oil, and gas. The company empowers individuals and communities to enjoy extended periods of independence from the grid—a capability that has become increasingly crucial.

With traditional lead acid batteries having remained relatively unchanged for 150 years, Dragonfly Energy, along with its consumer brand Battle Born Batteries, has introduced game-changing solutions. The company provides ideal replacements for conventional lead acid batteries, leading to a transformative shift in how recreational vehicles (RVs), marine vessels, and off-grid customers power their lifestyles.

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI)’s approach involves the assembly and marketing of battery packs to consumers and original equipment manufacturers (OEMs) for a range of applications. This is done through both the Battle Born Batteries and Dragonfly brands. In addition to batteries, Dragonfly Energy offers complete energy systems, including inverters, solar charge controllers, and solar panels. By offering these comprehensive solutions, the company gains valuable insights into the evolving energy industry, enabling it to drive conversations and innovations in larger-scale applications such as emergency backup power and industrial power.

For those at Dragonfly Energy with a scientific background, the opportunity to deploy and develop cutting-edge technology for solving real-world problems is a driving passion. The company is committed to making a positive and lasting impact on the world through its research and development efforts.

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI)’s pioneering work extends to the realm of solid-state battery technology—a field in which the company is introducing unprecedented innovations. While many other companies in the solid-state technology space are primarily focused on the electric vehicle market, Dragonfly Energy has chosen to concentrate on the energy storage market—an area with vast potential and unique challenges.

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI)’s solid-state battery technology is distinctive and groundbreaking. It addresses critical concerns, such as the flammability of liquid electrolytes, by using solid electrolytes that are inherently safe. The company’s solid-state batteries will be manufactured in the United States, offering cost-effective and non-flammable solutions that can be safely deployed in a wide range of settings, from individual buildings to entire communities.

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) Brings You Battle Born Batteries: Powerful, Reliable Lithium-Ion Batteries

The growth of Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) can largely be attributed to the company’s ability to deliver a product that met the pressing needs of a wide range of consumers. In particular, Dragonfly Energy made its mark in the recreational vehicle (RV) industry by addressing the shortcomings of traditional lead acid batteries, which were widely disliked by RV owners.

By combining a high-quality product with a rapidly growing industry like the RV market, Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) set itself on a trajectory of remarkable success.

What set Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) apart from its competitors was the company’s strategy of identifying a problem in the market and then developing a solution that was not only powerful but also safe and reliable. Through forming relationships with influential customers, industry-leading OEMs, and grassroots campaigns, Dragonfly Energy was able to raise awareness about the dangers and limitations of lead-acid batteries, thereby revolutionizing the industry.

Since 2018, Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) has sold over 175,000 of the most popular deep-cycle lithium-ion batteries on the market, leading to rapid growth of both the Dragonfly Energy and Battle Born Batteries brands. The company’s products have been well received, not only for their superior quality but also for the exceptional customer service and support provided by the company.

Dragonfly Energy’s Battle Born Batteries brand was an early mover in the transition from lead acid to lithium-ion batteries in the RV industry. These new batteries were non-toxic, lighter weight, longer-lasting, and safer than their lead-acid counterparts. As a result, they not only improved customer experiences but also enhanced and powered their lifestyles.

The company’s commitment to understanding its customers’ needs and designing products to meet those needs has been a driving factor in its success. Dragonfly Energy started small, selling just one or two batteries per day, but it now sells thousands per month. This growth has been fueled by the company’s unwavering dedication to its customers.

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI)’s impact extends beyond the RV industry. Customers from various verticals and markets have sought out the company’s products to power their lives and activities. The ability to provide solutions to an increasingly diverse range of applications is a testament to Dragonfly Energy’s expertise and innovation.

For years, the RV industry was limited by outdated and dangerous technology. However, Dragonfly Energy’s introduction of lithium-ion batteries has been a game-changer, offering customers the freedom to power their lives in new and exciting ways. The company’s unique position as a battery technology company, rather than just a battery importer, allows it to take customer feedback and turn it into meaningful product development.

Dragonfly Energy’s approach to the RV industry was carefully planned. The company sought to educate early adopters about the benefits of its technology and drive business back to dealerships while simultaneously educating OEMs. This dual branding strategy positioned Dragonfly Energy on both sides of the market, resulting in widespread success and full market penetration.

As the market leader in RV batteries, Dragonfly Energy has no intention of resting on its laurels. The company plans to continue expanding, automating, and advancing its technology. This includes capturing adjacent markets and becoming a leader in the lead acid battery replacement market, which represents an enormous opportunity.

Pawn Star’s Star Rick Harrison Stands Behind Born Batteries®!

Rick Harrison, star of Pawn Stars in Las Vegas, lives off the grid four to five months out of the year on his unique property outside Port Orford, Oregon.

The property is an off-gridder’s dream paradise that is nowhere near any power lines or the grid. He successfully powers his three houses, two garages, and a complete machine shop from his LiFePO4 Battle Born Battery Bank.

Harrison did his due diligence and called a tech specialist at Battle Born. He was able to discuss his system requirements in detail with an expert. With the tech specialists’ insightful knowledge, Rick was able to purchase a power system specific to his off-grid home needs. To Rick’s delight, the performance of Battle Born Batteries matched the promises made.

“They worked as they said they work! A fact that is rare for many companies!” Rick stated.

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) Revolutionizing the Energy Storage Market Through Innovative Lithium-Ion Technology and Strategic OEM Partnerships

Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) has built a reputation for trust and reliability with DIY enthusiasts, sailing enthusiasts, and on- and off-road adventurers. This track record in the aftermarket has opened the door to partnerships with leading original equipment manufacturers (OEMs) in the industry. Through strategic OEM partnerships, Dragonfly Energy and its Battle Born Batteries brand have made their products widely available to consumers across the country via dealerships and as factory-standard and installed equipment.

The Battle Born brand played a significant role in rejuvenating the industry by focusing on the aftermarket and introducing lithium-ion batteries to recreational vehicles (RVs). This move caught the attention of OEMs, who realized that customers wanted lithium-ion batteries installed directly from the factory. As the company’s customer base embraced the benefits of lithium-ion technology over traditional lead acid batteries, Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) attracted the attention of major OEMs.

One such OEM partnership was with Airstream, the iconic RV brand. Dragonfly Energy Holdings Corp. (Nasdaq: DFLI)’s success with Airstream led to other notable partnerships, including Keystone RV and Tiffin Motorhomes, which contributed to the company’s growing footprint in the OEM market.

Innovation and industry leadership characterized Dragonfly Energy Holdings Corp. (Nasdaq: DFLI)’s partnership with Keystone RV. Keystone RV became the first company to put batteries on the assembly line and ship RVs to dealerships with batteries already installed. This groundbreaking move, which utilized Dragonfly Energy batteries, challenged preconceived notions in the industry and positioned Keystone RV as a leader in innovation.

The collaboration with Keystone RV has grown substantially, with Dragonfly Energy now serving as Keystone RV’s exclusive lithium battery supplier. This partnership not only speaks to the quality of Dragonfly Energy’s products but also to the company’s ability to meet high demand.

While Dragonfly Energy Holdings Corp. (Nasdaq: DFLI)’s OEM business is crucial for credibility and growth, the company continues to pursue other verticals, including material handling, the rail market, and the marine market. In essence, any application where a lead acid deep cycle battery is used today presents an opportunity for Dragonfly Energy’s lithium-ion batteries.

The company’s success in cultivating strong OEM partnerships has not gone unnoticed. Thor Industries, the parent company of Keystone RV and Airstream, recognized Dragonfly Energy’s potential to change the industry and the course of the planet. As a result, Thor Industries made a $15 million investment in Dragonfly Energy, further solidifying the relationship and expressing confidence in the company’s future.

Velociti and Dragonfly Energy Deliver an Immediate Return on Investment with Lithium Power Systems

MARCH 4, 2024

Innovative Instant ROI program allows fleets to achieve substantial and immediate savings from the deployment of Battle Born All-Electric Auxiliary Power Unit (APU)NEW ORLEANS, March 04, 2024 (GLOBE NEWSWIRE) — Velociti Inc., a global provider of technology deployment, maintenance and integration solutions, and Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) (“Dragonfly Energy” or the “Company”), maker of Battle Born Batteries® and an industry leader in energy storage, today announced at American Trucking Associations Technology Maintenance Council’s Annual Meeting & Transportation Technology Exhibition, a partnership to provide Dragonfly Energy customers with access to the Velociti Instant ROI (Return on Investment) and VeloCare programs.

Successfully used by fleets for a variety of technologies and solutions, the Instant ROI program allows fleets to advance the use of their savings to pay for the technology, installation, and support services for the life of the solution.

“We created our Instant ROI program many years ago to bridge the gap between the technology our fleet customers desired and their ability to implement it due to hurdles like upfront investment and integration challenges,” said Deryk Powell, president of Velociti. “We’re constantly researching cutting-edge technologies we believe will give our fleet customers a competitive edge in challenging economic and regulatory conditions. When a solution like Dragonfly Energy’s All-Electric APU emerges, we’re thrilled to encompass it within the Instant ROI program. We believe this unique solution holds significant potential for the industry.”

Dragonfly Energy offers lithium-ion power systems, including the Battle Born All-Electric APU for heavy-duty trucks to run hotel loads, and power liftgates and other equipment. The solutions are more efficient than traditional diesel-powered APUs and other lead acid-based battery systems, providing fuel cost savings, lower emissions, and quieter operation.

Velociti Tech Examines the Battle Born All-Electric APU

Velociti’s Instant ROI allows customers to be cash positive from day one of a technology investment by providing deferred billing during the installation portion of a deployment project, and extended payment terms on the entire hardware, software, installation and support solution. With the addition of VeloCare, Dragonfly Energy customers receive proactive system health monitoring and comprehensive support, including field repairs using Velociti’s nationwide team of highly trained and skilled technicians.

“With VeloCare and Instant ROI from Velociti we are able to offer our customers a way to realize savings faster and better protect their investment in our technology,” said Wade Seaburg, chief revenue officer at Dragonfly Energy. “The ease of working with a single provider for deployment and support needs means fleets will have a more streamlined and comprehensive approach to reduce their environmental impact and provide increased driver comfort that can lead to improved driver retention.”

For more information about Battle Born Batteries, visit online. For more information about Dragonfly Energy, visit DragonflyEnergy.com.

About Dragonfly Energy
Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) headquartered in Reno, Nevada, is a leading supplier of deep cycle lithium-ion batteries. Dragonfly Energy’s research and development initiatives are revolutionizing the energy storage industry through innovative technologies and manufacturing processes. Today, Dragonfly Energy’s non-toxic deep cycle lithium-ion batteries are displacing lead-acid batteries across a wide range of end-markets, including RVs, marine vessels, off-grid installations, and other storage applications. Dragonfly Energy is also focused on delivering an energy storage solution to enable a more sustainable and reliable smart grid through the future deployment of its proprietary and patented solid-state cell technology. To learn more, visit www.dragonflyenergy.com/investors.

About Velociti Inc.,
For nearly 30 years Velociti Inc. has custom designed, installed, maintained, and partnered with a wide spectrum of technologies that solve complex business problems on a large scale. Velociti’s expert team bridges the gap between technology providers and enterprise customers, including Fortune 500 companies, to solve the many challenges companies face in today’s ever-evolving connected world. Whether for transportation and logistics, on and off highway fleets, hospitality and restaurant, retail, rail, healthcare, warehouse and distribution, manufacturing or construction, Velociti provides practical solutions and services that enable customers to maximize the return on technology investments.

Dragonfly Energy Expands Market Share with RV Giant Forest River

FEBRUARY 20, 2024

The RV Manufacturer’s New OGV Luxury Coach Division to Include Dragonfly Energy Lithium Batteries Standard on All Units

• Dragonfly Energy Battle Born Batteries now come as factory installed standard equipment on all new OGV Luxury Coach units.
• OGV Luxury Coach is the third Forest River, Inc. brand to include Battle Born Batteries as standard or optional equipment for customers.
• This is the latest partnership in an ever-growing list of RV brands to implement Dragonfly Energy lithium batteries as standard equipment.

RENO, Nev., Feb. 20, 2024 (GLOBE NEWSWIRE) — Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) (“Dragonfly Energy” or the “Company”), maker of Battle Born Batteries^® and an industry leader in energy storage, announces a new partnership with OGV Luxury Coach, a new division of Forest River Inc., a subsidiary of Berkshire Hathaway Company (NYSE: BRK.B), to provide Battle Born lithium batteries as standard equipment on all OGV units. Dragonfly Energy is the exclusive lithium provider for OGV Luxury Coach, marking the latest in a growing list of recreational vehicle partnerships for which the Company is providing power solutions.

Managed by well-known RV pioneer Tim Gray, the OGV Luxury Coach brand includes custom built Mercedes Sprinter Class B vans, as well as custom Prevost Bus conversions. The high-end brand aims to build premium quality, custom luxury coaches by leaning on Gray’s expertise and Forest River’s industry leadership.“Dragonfly Energy isn’t just a battery manufacturer to us, they’re a partner in our commitment to our customers’ safety and peace of mind,” Tim Gray, GM at Forest River Inc., said. “For Forest River’s newest premium line of coaches, reliability is non-negotiable, and the Battle Born Batteries product consistently delivers – giving our customers the trusted, high quality, and reliable power they need for their increasing energy demands on the road.”Introduced to the retail public at the 2024 Florida RV Super Show, the new OGV Luxury Coaches use Battle Born Batteries to replace the need for generators, providing customers a quieter, more environmentally friendly and cost-effective power solution. Dragonfly Energy provides a complete power system, highlighted by a large 1080AH (13 kWh) system that includes four heated Battle Born GameChanger 3.0 batteries. Customers can experience extensive off grid power while taking no additional space from the interior of the van thanks to an innovative mounting design that places the power beneath the van itself. In addition, the Battle Born Batteries system integrates seamlessly with the Garmin display, giving customers the ability to monitor and control the power system from inside the cab.One of the world’s largest RV manufacturers, Forest River, Inc. produces market share leaders in virtually every type of motorized and towable recreational vehicle. With an estimated 40-50% of the RV industry market share, the company has more than 100 plants and over 12,000 employees.Already, Dragonfly Energy’s Battle Born Batteries are included in other Forest River brands, including as standard equipment on Forest River’s FR3 motor coaches, Palomino Pause and as optional equipment on the Coachmen RV Entourage Class C Motorhome. The inclusion of the OGV Luxury Coach brand is the latest addition on a growing list of major recreational vehicle brands and manufacturers who now include Dragonfly Energy’s products as standard equipment in various models.

‍About OGV Luxury Coach
OGV Luxury Coach, managed by Tim Gray – the pioneer of today’s popular custom Class B van category – builds custom Mercedes Sprinter Class B vans, and custom Prevost Bus conversions as part of Forest River, Inc.Founded in 1996 by Pete Liegl to help more people experience the joy of the outdoors, Forest River, Inc. evolved into the largest manufacturer of recreational vehicles, cargo trailers, pontoon boats, buses, vans, and commercial vehicles in North America. Its recreational portfolio includes market share leaders in towable and motorized RVs, cargo trailers, and pontoon boats. It is the country’s leading supplier of commercial vehicles, and the country’s leading manufacturer of buses and vans for both the private and public sectors. Headquartered in Elkhart, Indiana, Forest River employs 12,000+ employees in 100+ facilities in more than a half dozen states. With a commitment to excellence and a focus on customer satisfaction, Forest River is proud to be a Berkshire Hathaway company.

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NEWS

MAY 8, 2024

Dragonfly Energy Named Business of the Year at Nevada Business Awards

APRIL 30, 2024

Dragonfly Energy Partners with the National Forest Foundation to Plant Trees in Honor of Earth Day

APRIL 29, 2024

Dragonfly Energy to Report First Quarter 2024 Financial and Operational Results on May 14, 2024

APRIL 15, 2024

Dragonfly Energy Reports Fourth Quarter 2023 and Full Year Financial Results

APRIL 10, 2024

Dragonfly Energy’s Domestic Battery Manufacturing Validated for Cost Effectiveness and Sustainability

APRIL 9, 2024

Dragonfly Energy to Report Fourth Quarter and Year End 2023 Financial and Operational Results on April 15, 2024

MARCH 4, 2024

Velociti and Dragonfly Energy Deliver an Immediate Return on Investment with Lithium Power Systems

FEBRUARY 20, 2024

Dragonfly Energy Expands Market Share with RV Giant Forest River

JANUARY 30, 2024

Dragonfly Energy Drives the John Lennon Educational Tour Bus Toward Sustainability

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MANAGEMENT TEAM

Dr. Denis Phares

Dr. Denis Phares leads with a passion for making the planet more sustainable. As the President and Chief Executive Officer of Dragonfly Energy Corp., he focuses on developing revolutionary technologies that will change the way we store and harness renewable energy. As a visionary leader, Phares has helped grow Dragonfly Energy and its consumer brand, Battle Born Batteries, into one of the leading Li-Ion products on the market while also leading a world class R&D team in the advancement of groundbreaking technologies and manufacturing processes. After establishing himself as a tenured professor of Aerospace & Mechanical Engineering at the University of Southern California, Phares left academia to found Dragonfly Energy in 2012. With three decades of extensive experience in the fields of Energy, Nanotechnology, Fluid Mechanics, and Powder Processing, Phares has positioned himself as a leading expert in Green Energy Storage and has spent the last 15 years focused on advancing lithium-ion battery technology. He holds a number of patents, some of which are key in fundamental battery cell manufacturing. Phares received a B.S. in Physics from Villanova University, an M.S. and Ph.D. in Environmental Engineering Science from California Institute of Technology, and an MBA from the University of Nevada, Reno.

Wade Seaburg

As the Chief Revenue Officer, Wade Seaburg leads Dragonfly Energy’s sales, business development and revenue growth & diversification efforts. Wade’s career and long-term success in business progression and B2B sales originated from his education at Purdue University where he earned a B.S. in Industrial Engineering and then through Eaton Corporation (ETN) where Seaburg completed their distinguished Technical Sales Training Program. Following 12 years as a Senior Account Representative within the WESCO (WCC) Distribution Manufactured Structures Division, Wade began his 5-year career as Founder and President at Structure Sales, a company focused on representing industry-leading suppliers to OEMs in the RV and Marine markets. Working as both a lead and co-inventor, Wade acquired three patents with the company. Wade began contract work with Dragonfly Energy in 2018 prior to fully joining the company as a Director of Outside Sales and Business Development in 2021, and now serving as Chief Revenue Officer of the company. During his time with Dragonfly Energy, Seaburg has helped grow the company’s OEM business and relationships exponentially, including being instrumental in successfully getting the company recognized as a “Five Rivet Supplier” with the iconic brand – Airstream RV. His work and strong B2B relationships also propelled the growth of the partnership between Dragonfly Energy and Keystone RV—where the two companies transformed the way an entire industry looked at battery power for RVs. Wade continues to prove Dragonfly’s ability to successfully serve high-volume OEM in various markets. Seaburg’s diverse skillset has led him to continually gain clear understanding of needs across industries and then to reach productive resolutions for all parties involved, including valued customers and stakeholders. As a valued leader, Wade has built a talented and experienced team around him at Dragonfly Energy as he continues to develop integral business relationships and new opportunities.

Tyler Bourns

Chief Marketing Officer, Tyler Bourns, leads the creative charge at Dragonfly Energy. With over 15 years spent producing story-rich, award-winning content for global brands, Tyler has received much recognition throughout his career. Today, he draws on his deep reserves of hands-on knowledge to push the envelope of strategic marketing at Dragonfly Energy. Tyler’s segue into full-time marketing is preceded by outstanding work in content creation with a strong focus on powerful storytelling and authenticity. His experience in video production and marketing extends over 12 years with the ownership and operation of the successful and award-winning video production company Bourns Productions Inc. In 2018 he was awarded the AAF Reno Ad Person of the Year alongside the region’s most respected advertising leaders. A three-time Emmy Award Winner, he has produced and filmed thought-leading content for Panasonic, GE Energy and Terrasmart, among many others. Tyler is no stranger to an international audience; he went on to produce an extensive library of video and photo content for the legendary rock band Whitesnake. In addition, he produced, wrote and directed an internationally distributed feature film, “Desert Shadows,” starring Mitch Pillegi (X-Files, Sons of Anarchy) and produced several worldwide acclaimed short films, two of which screened at the prestigious Cannes Film Festival. His role as Director of Photography on many of these film projects has helped develop his bold and thorough eye for big ideas and strong narratives. Community service has always been important to Tyler. He served on the Under30CEO Board of Directors in Reno for two years, encouraging, collaborating and training young business leaders in the community. Tyler has also served on the Board of Directors for the Cordillera International Film Festival since its inception in 2018. This festival secured its status as a FilmFreeway Top 100 Film Festival, a rare achievement for a festival less than five years old at the time. For over 6 years, through his video production company, Bourns Productions, Tyler helped Dragonfly Energy’s Battle Born Batteries brand grow to be one of the most respected and popular Deep Cycle Lithium-ion products on the market today. In 2021, Tyler joined Dragonfly Energy full time. Drawing on his hard-earned wealth of on-the-ground insight in production, Tyler strives to apply the same narrative-driven approach to marketing that brought him both recognition and fulfillment in the world of content creation. Steered by a strategy of creative authenticity, he brings a dynamic, experience-informed leadership style to Dragonfly Energy.

SINCERELY,

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Greenwave Technology Solutions Generates More than $9 Million Revenue in Q4 2023

GWAV Achieved over $30M in revenues last year and is on track to generate record revenues this year

GWAV operates 13 metal recycling facilities in Virginia, North Carolina, and Cleveland, OH

Company has improved its balance sheet by $27 million over the past 90 days

Greenwave believes it is on track to generate record revenues with record volume of steel processed in 2024

Greenwave is now harnessing #AI to optimize pricing and sales within Scrap App. If you missed our CFO’s recent interview with Benzinga #AllAccess, tune into the replay here: https://t.co/lwE6wKeyOm $GWAV #Metals #Scrap #Tech #ICYMI

— Greenwave (Nasdaq: GWAV) (@GreenwaveGWAV) April 2, 2024

_________________________

Hello Everyone,

We have been profiling some extremely active companies as of late.

Our profiles have seen some volatility and produced some opportunities to look at these companies that have taken some significant swings.

We have another one to look at that is no stranger to big double digit swings.

Pull up GWAV Immediately.

The Company’s recycling facilities collect, classify, and process raw scrap metal (ferrous and nonferrous) and implement several unique technologies to increase metal processing volumes and operating efficiencies, including a downstream recovery system and cloud-based ERP system.

Steel is one of the world’s most recycled products with the ability to be re-melted and re-cast numerous times. Recycling steel provides key environmental benefits over virgin metals, including reduced energy use, lower CO2 emissions, lower waste, and conserving natural resources. Greenwave’s customers include large corporations, industrial manufacturers, retail customers, and government organizations.

U.S. Steel Turns Down $7.3Bn Offer From Cleveland-Cliffs, Explores Alternatives – Potential Upside For Greenwave Technology Solutions, Inc. (Nasdaq: GWAV)?

Major developments in the steel industry are reshaping the landscape for key players. U.S. Steel, a significant player in the industry, has recently declined a substantial $7.3Bn acquisition offer from Cleveland-Cliffs and is now contemplating competitive proposals from Esmark Inc.

To add to the intrigue, there are rumors of ArcelorMittal SA considering entering the bid for this major steel manufacturer.

Amid this potential industry consolidation, GWAV emerges as a proactive contender, gearing up for an aggressive expansion strategy to meet the escalating demands of leading U.S. steel mills.

GWAV: Paving the Way for Growth in Metal Recycling

GWAV holds a prominent position as an operator of metal recycling facilities across Ohio, Virginia and North Carolina. Their core operations involve the collection, categorization, and processing of raw scrap metal, primarily to supply major steel mills and foundries. What sets Greenwave apart is its relentless pursuit of expansion and infrastructure enhancement, positioning itself as a key player during a potentially transformative phase in the steel industry.

Record-Breaking Growth: Positive Cash Flows and Expansion Plans

The first half of last year saw Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) achieve remarkable growth, marked by substantial in-vest-ments in infrastructure that have begun yielding impressive results. Notably, the company achieved a significant milestone by generating $1.23Mn in positive cash flows from operations during the six months ending on June 30, 2023—a record achievement for the company.

Investing Heavily in Infrastructure

GWAV’s strategy of heavy infrastructure investment over recent years is now showing substantial promise. A standout example is the installation of a new automotive shredder and downstream processing system at its Kelford, North Carolina facility. This innovative system focuses on recovering millimeter-minus metal pieces from the residue left in the shredder. This previously discarded residue, often referred to as “fluff,” holds substantial value, but effectively extracting it has proven challenging. The downstream processing system is designed to overcome this hurdle.

The downstream system officially commenced operations in July 2023, introducing a fresh revenue stream set to kickstart in Q3 2023. The company forecasts that this system will generate an average daily revenue of $38,000, boasting margins exceeding 80%. Furthermore, it is well on its way to achieving over $1Mn in monthly revenue by the year’s end.

Future Growth Anticipated

GWAV is accelerating its progress toward these goals with the impending launch of a second automotive shredder at its Carrollton facility. This addition will effectively double the metal recycler’s capacity to process ferrous metal. The decision to shred ferrous metal rather than selling it in its unshredded form positions the company to command higher prices, generating an estimated 33% increase in additional revenue compared to unshredded ferrous metal.

In April, GWAV expanded its footprint with the opening of a new facility in Cleveland. Even though it has not yet reached its full volume potential, this location is already generating approximately $100,000 per month in revenue. As operations further ramp up, particularly with the commencement of a shear baler this month, the Cleveland facility is poised to generate $250k or more per month in revenue by next year.

As U.S. Steel explores alternative pathways in a potentially consolidating steel industry, GWAV stands out as a company actively positioning itself to seize new growth opp’s and strengthen its foothold in the ever-evolving world of metal recycling.

Greenwave’s Scrap App

Greenwave recently announced that its wholly-owned subsidiary, Scrap App, launched new AI-powered features to optimize pricing and sales. In a recent press release, Greenwave stated that the company anticipates Scrap App’s planned national expansion, coupled with its AI strategy, will accelerate growth.

Greenwave Chairman and CEO Danny Meeks stated “We plan to expand Scrap App to multiple new markets across the United States in the coming weeks. As a technology platform, Scrap App has the ability to scale to new markets with minimal capital investment – we do not have to open a new facility, purchase additional equipment, or significantly expand overhead when we enter a new city. We believe Scrap App has the potential to generate significant, high-margin revenue and create value for Greenwave shareholders.”

Greenwave Technology Solutions Further Strengthens its Balance Sheet

APR 23, 2024 7:07AM EDT

Company has improved its balance sheet by $27 million over the past 90 days

Chairman and CEO has converted all $17.22 million of his debt into equity

Company bolsters balance sheet with $5.25 million capital infusion

CHESAPEAKE, Va., April 23, 2024 /PRNewswire/ — Greenwave Technology Solutions, Inc. (“Greenwave” or the “Company”) (Nasdaq: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, announced today that on April 22, 2024, it further strengthened its balance sheet by approximately $12 million.

Greenwave Recent Highlights:

• Improved balance sheet by approximately $27 million over the past 90 days
• Chairman and CEO exchanged approximately $17 million of debt into equity
• Intends to utilize additional cash flow to aggressively grow operations
• Anticipates starting operations for its second shredder in May
• Plans to expand its wholly-owned technology platform, ScrapApp.com, into new markets and continue AI development
• Plans to enhance margins of its Downstream Processing System with implementation of new Copper Extraction Technology
• Expects to regain full compliance with all Nasdaq listing standards by the end of May
• Seeks to accelerate efforts in social media, digital marketing and data analytics
• On track to generate record revenues with record volume of steel processed in 2024

Greenwave Technology Solutions Strengthens Balance Sheet by Approximately $14.87 Million

PUBLISHED

APR 1, 2024 9:55AM EDT

Company Believes it Has Regained Compliance with Nasdaq’s Shareholder Equity Requirement

CHESAPEAKE, Va., April 1, 2024 /PRNewswire/ — Greenwave Technology Solutions, Inc. (“Greenwave” or the “Company”) (Nasdaq: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, today announced that during the first quarter of 2024, it received proceeds from warrant exercises of approximately $2.81 million, converted approximately $2.06 million of third party debt to equity, and exchanged $10 million of related-party debt into equity. As a result of the foregoing, the Company has increased its shareholder’s equity by approximately $14.87 million.

The Company believes it has regained compliance with the minimum $2.5 million stockholders’ equity requirement and satisfies the minimum $5 million equity requirement for initial listing on The Nasdaq Capital Market.

Further, the Company has secured waivers from its senior secured note holders of the quarterly-cash covenants until September 30, 2024, as well as monthly amortization payments until July 31, 2024. The Company expects to utilize the additional cashflows from restructuring its debt to grow its operations.

Greenwave believes it is on track to generate record revenues with record volume of steel processed in 2024. For more information, please see the Company’s Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on April 1, 2024.

Greenwave Technology Solutions’ Second Shredder Currently Being Connected to Power Grid by Dominion Energy Ahead of Schedule

PUBLISHED

MAR 25, 2024 8:34AM EDT

The second shredder is expected to boost annual revenues by approximately $4.8 million, with significant increase to gross profit

Second shredder on track to be connected to power grid by March 29, 2024 and commence operations shortly thereafter, doubling Greenwave’s annual shredded ferrous output

Greenwave is now one of the largest independent operators of metal recycling facilities on the East Coast

CHESAPEAKE, Va., March 25, 2024 /PRNewswire/ — Greenwave Technology Solutions, Inc. (“Greenwave” or the “Company”) (Nasdaq: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, today announced that Dominion Energy is currently in the process of connecting its second automotive shredder to the power grid which is expected to be completed by March 29, 2024. The Company’s second automotive shredder is expected to commence operations shortly thereafter and double Greenwave’s annual shredded ferrous output.

https://mma.prnewswire.com/playmedia/2370348/second_shredder_video.html

Greenwave’s existing automotive shredder – an American Pulverizer 60×85 – is the same make and model as its second one, providing the Company expertise in its operation and maintenance. By shredding the steel Greenwave currently sells unshredded, the Company anticipates that it will be able to generate approximately 25-30% more revenue with significant margins on that steel volume.

In October 2023, Sims Metal Management acquired Baltimore Scrap Corp., which operated 17 metal recycling facilities and four shredders, for consideration of $220 million(1). Similar to most industries, there has been a tremendous amount of consolidation in scrap metal companies during the past several years. Greenwaveis now one of the largest independent chains of scrap yards remaining on the East Coast, with significant market share in its key markets. Further, the Company believes there is significant value in its licenses, municipal and corporate contracts garnered over its 20-year operating history, robust infrastructure, and team of seasoned experts.

“Greenwave’s second shredder provides the infrastructure for us to expand our footprint of metal recycling facilities up from 13 currently – significantly growing Greenwave’s revenues, margins, and free cashflow,” stated Greenwave CEO Danny Meeks. “We believe the market is significantly undervaluing Greenwave and firmly believe that by continuing our hub-and-spoke strategy of shredder hubs with feeder yards, we will become an increasingly attractive acquisition target of the major scrap metal conglomerates.”

Greenwave is on track to grow it revenues and volume of steel processed from 2023 levels in 2024.

Greenwave’s recycling facilities collect, classify and process raw #scrap #metal, both ferrous and nonferrous, and then apply in-house technologies to increase metal processing volumes and operating efficiencies. New article from @Benzinga. Read: https://t.co/7EiJjdaa8N $GWAV

— Greenwave (Nasdaq: GWAV) (@GreenwaveGWAV) March 27, 2024

Greenwave Technology Solutions Generates More than $9 Million Revenue in Q4 2023

PUBLISHED

JAN 22, 2024 12:31PM EST

Company Grows Revenues More than 10% Over Q3 2023

Greenwave Expects to Significantly Grow Revenues in FY 2024

CHESAPEAKE, Va., Jan. 22, 2024 /PRNewswire/ — Greenwave Technology Solutions, Inc. (“Greenwave” or the “Company”) (Nasdaq: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, today announced that it generated more than $9 million in revenue during the fourth quarter of 2023. The news comes on the heels of the Company commencing operations of a metal baler, wire stripper, and three sheers at its non-ferrous processing facility in Portsmouth, VA last week.

Greenwave is poised to accelerate its revenue growth in 2024, aided by the significant capital expenditures the Company has made over the past twenty-four months, some of which include additional processing equipment, a fleet of trucks to more efficiently transport materials for processing and sale, and technologies aimed at growing top line sales as well as creating operating efficiencies to enhance margins.

With more than 20 years of experience in the metal recycling industry, Empire’s leadership has grown the Company through nearly every economic climate and is committed to creating long-term shareholder value.

NEWS

• Greenwave Technology Solutions Further Strengthens its Balance Sheet
• Apr 23, 2024
• Greenwave Technology Solutions Regains Compliance with Nasdaq Market Value of Listed Securities Requirement
• Apr 4, 2024
• Greenwave Technology Solutions Strengthens Balance Sheet by Approximately $14.87 Million
• Apr 1, 2024
• Greenwave Technology Solutions Could Be Emerging As Recycling Leader By Increasing Metal Processing Capabilities In Eastern U.S.
• Mar 28, 2024
• Greenwave Technology Solutions’ Second Shredder Currently Being Connected to Power Grid by Dominion Energy Ahead of Schedule
• Mar 25, 2024
• Greenwave Technology Solutions Successfully Restructures Debt to Facilitate Continued Growth
• Mar 19, 2024
• Greenwave Technology Solutions’ Second Shredder Scheduled to Be Connected to Power Grid by April 9, 2024
• Feb 15, 2024
• Greenwave Technology Solutions Releases Shareholder Update
• Feb 13, 2024
• Greenwave Technology Solutions Receives License from Ohio Bureau of Motor Services
• Jan 24, 2024
• Greenwave Technology Solutions Generates More than $9 Million Revenue in Q4 2023
• Jan 22, 2024

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MANAGEMENT TEAM

Danny Meeks – Chairman & CEO

At 18 years old, with one truck, Danny Meeks started a hauling company which he quickly expanded by re-investing its profits. Within two years, Mr. Meeks had won contracts to provide hauling services for some the region’s largest projects, including the expansion of the Chesapeake-Bay Bridge Tunnel.

In 2000, Mr. Meeks started Meeks Disposal Corporation with 1 truck and 10 roll-off cans, which he quickly expanded to 100 trucks and 3,500 roll-off cans. After Hurricane Katrina hit, Meeks Disposal was awarded a $100 million federal subcontract for the clean-up of New Orleans, under which Mr. Meeks oversaw 1,500 trucks and 5,000 people. Mr. Meeks sold Meeks Disposal Corporation for $17 million in 2010.

In November 2012, Mr. Meeks was elected to Portsmouth City Council, where he served on the industrial, zoning, housing authority, economic development, and port & development boards. He was also a member of the budget committee, where he was instrumental in helping set the city’s $750 million annual budget that gave city employees raises without increasing taxes.

In 2002, Mr. Meeks started DWM Properties, LLC, through which he’s steadily built a portfolio of 106 properties valued at approximately $27 million.

In 2012, after Super Storm Sandy hit, Mr. Meeks started Select Recycling Waste Services, Inc., which was awarded a federal subcontract to provide cleanup services in New Jersey. In 2016, it started a trash division which expanded to 70 trucks and 4,700 front load and roll off containers. In 2020, Mr. Meeks sold the majority of SRWS’ assets for $27 million and in 2021, he sold the remaining assets for an additional $3 million.

In 2004, Mr. Meeks founded Empire Services, Inc. with 1 yard and over the past 17 years, he has expanded it to 11 yards and $25 million in annual revenue through both acquisitions and opening new locations from scratch.

Mr. Meeks is well-suited to serve on our Board due to his significant business and management experience and deep knowledge of growth and commercialization strategies. Mr. Meeks joined the Company’s Board to foster revenue-generating capabilities of the Company.

Chief Financial Officer

Mr. Isaac Dietrich – Isaac Dietrich founded Greenwave and previously held the following positions with the company: Chief Executive Officer (April 2013 – October 2017, December 2017 – September 2021); Chairman of the Board (April 2013 – October 2017, December 2018 – June 2021); Chief Financial Officer (April 2013 – May 2014, August 2017 – October 2017, March 2021 – November 2021); and a member of its Board of Directors (April 2013 – November 2021). Mr. Dietrich was a consultant to Greenwave from February 2022 to April 2023.During this time, Mr. Dietrich was instrumental in closing public and private offerings of equity instruments for proceeds of tens of millions of dollars, developing a shareholder base of more than 27,000 investors, and closing an acquisition that resulted in the company generating $33.9 million in revenue in fiscal year 2022.From September 2022 to present, Mr. Dietrich has served as the Director of Finance of Thumzup Media Corporation. Since February 2023, Mr. Dietrich has served on Alpha Energy, Inc.’s Board of Directors and as Chairman of its Audit Committee.

Independent Directors

Mr. Henry Sicignano – Mr. Sicignano currently serves as the President of Charlie’s Holdings, Inc. (OTC: CHUC), a publicly traded consumer goods company with sales extending to more than 90 countries, a role which he has held since April 2021. Prior to this role, from March 2015 through July 2019, he served as Chief Executive Officer of 22nd Century Group, Inc. (Nasdaq: XXII), a publicly listed plant biotechnology company. Additionally, Mr. Sicignano has served as director of Kartoon Studios, Inc. (NYSE: TOON) since May 2023 and served as General Manager at NOCO Energy Corp, as well as Vice President at Kittinger Furniture Company, Inc. He also served on the board of directors of Anandia Laboratories, Inc., which was acquired in 2018. Mr. Sicignano holds a B.A. degree from Harvard College and an M.B.A. degree from Harvard University.  Mr. Sicignano serves chairman of the Audit Committee and as a member of the Compensation and Nomination and Corporate Governance Committees.

Mrs. Cheryl Lanthorn – Mrs. Lanthorn began her career as a Personal Administrator at Welton, Duke & Hawks before rising to an Accounting Administrator due to her work-ethic, extensive accounting knowledge, and attention to detail. For the next 14 years, Mrs. Lanthorn was a Software Trainer and Content Developer for Applied Systems, Inc., where she created webinars and instructional documentation to teach employees how to best utilize TAM, Vision, Epic, and other scalable software programs. From December 2015 to July 2022, Mrs. Lanthorn served as an Account Executive at Brown & Brown Insurance, where she managed one of the company’s largest books of business, managed employees and their books, trained new employees, and performed various other administrative duties. Since August 2022, Mrs. Lanthorn has been a Senior Account Manager at Marsh Mclennan Agency, LLC, where she manages large corporate accounts.  Mrs. Lanthorn serves on as Chairwoman of the Compensation and Nomination and Corporate Governance Committees and as a member of the Audit Committee.

Mr. John Wood – Since 1998, Mr. Wood has served as a licensed real estate agent in Virginia. Since 2010, He has served as the Principal Broker of John E. Wood Realty, Inc., based in Chesapeake, Virginia, where through his extensive relationships with business and community leaders, he has become one of the region’s most active real Residential, Commercial and Property Management Brokers. He is also the Virginia Principal Broker for two other companies, which rank in the top 10 in the nation.  In July 2018, he launched American Contracting Services, LLC, which has successfully completed hundreds of Commercial and Residential construction projects.  Mr. Wood serves on the Company’s Audit, Compensation, and Nomination and Corporate Governance Committees.

Mr. Jason Adelman – Mr. Adelman is the Founder and Managing Member of Burnham Hill Capital Group, LLC, a privately held financial advisory firm, and serves as Managing Member of Cipher Capital Partners LLC, a private investment fund. Mr. Adelman also serves as a member of the board of directors of Trio-Tech International (Nasdaq: TRT) and Oblong, Inc. (Nasdaq: OBLG). Prior to founding Burnham Hill Capital Group, LLC in 2003, Mr. Adelman served as Managing Director of Investment Banking at H.C. Wainwright and Co., Inc. Mr. Adelman graduated from the University of Pennsylvania with a B.A. in Economics, cum laude, and from Cornell Law School with a J.D. degree.  Mr. Adelman serves on the Company’s Compensation, and Nomination and Corporate Governance Committees.

SINCERELY,

DISCLAIMER

THIS WEBSITE/NEWSLETTER IS OWNED SUBSIDIARY BY DEDICATED INVESTORS, LLC.

OUR REPORTS/RELEASES ARE A COMMERCIAL ADVERTISEMENT AND ARE FOR GENERAL INFORMATION PURPOSES ONLY. WE ARE ENGAGED IN THE BUSINESS OF MARKETING AND ADVERTISING COMPANIES FOR MONETARY COMPENSATION. WE HAVE BEEN COMPENSATED A FEE OF TEN THOUSAND USD BY SICA MEDIA LLC FOR A ONE DAY GWAV AWARENESS CAMPAIGN. NEVER INVEST IN ANY STOCK FEATURED ON OUR SITE OR EMAILS UNLESS YOU CAN AFFORD TO LOSE YOUR ENTIRE INVESTMENT. THE DISCLAIMER IS TO BE READ AND FULLY UNDERSTOOD BEFORE USING OUR SERVICES, JOINING OUR SITE OR OUR EMAIL/BLOG LIST AS WELL AS ANY SOCIAL NETWORKING PLATFORMS WE MAY USE.PLEASE NOTE WELL: DEDICATED INVESTORS LLC AND ITS EMPLOYEES ARE NOT A REGISTERED INVESTMENT ADVISOR, BROKER DEALER OR A MEMBER OF ANY ASSOCIATION FOR OTHER RESEARCH PROVIDERS IN ANY JURISDICTION WHATSOEVER.RELEASE OF LIABILITY: THROUGH USE OF THIS WEBSITE VIEWING OR USING YOU AGREE TO HOLD DEDICATED INVESTORS LLC, ITS OPERATORS OWNERS AND EMPLOYEES HARMLESS AND TO COMPLETELY RELEASE THEM FROM ANY AND ALL LIABILITY DUE TO ANY AND ALL LOSS (MONETARY OR OTHERWISE), DAMAGE (MONETARY OR OTHERWISE), OR INJURY (MONETARY OR OTHERWISE) THAT YOU MAY INCUR. THE INFORMATION CONTAINED HEREIN IS BASED ON SOURCES WHICH WE BELIEVE TO BE RELIABLE BUT IS NOT GUARANTEED BY US AS BEING ACCURATE AND DOES NOT PURPORT TO BE A COMPLETE STATEMENT OR SUMMARY OF THE AVAILABLE DATA. DEDICATED INVESTORS LLC ENCOURAGES READERS AND INVESTORS TO SUPPLEMENT THE INFORMATION IN THESE REPORTS WITH INDEPENDENT RESEARCH AND OTHER PROFESSIONAL ADVICE. ALL INFORMATION ON FEATURED COMPANIES IS PROVIDED BY THE COMPANIES PROFILED, OR IS AVAILABLE FROM PUBLIC SOURCES AND DEDICATED INVESTORS LLC MAKES NO REPRESENTATIONS, WARRANTIES OR GUARANTEES AS TO THE ACCURACY OR COMPLETENESS OF THE DISCLOSURE BY THE PROFILED COMPANIES. NONE OF THE MATERIALS OR ADVERTISEMENTS HEREIN CONSTITUTE OFFERS OR SOLICITATIONS TO PURCHASE OR SELL SECURITIES OF THE COMPANIES PROFILED HEREIN AND ANY DECISION TO INVEST IN ANY SUCH COMPANY OR OTHER FINANCIAL DECISIONS SHOULD NOT BE MADE BASED UPON THE INFORMATION PROVIDED HEREIN. INSTEAD DEDICATED INVESTORS LLC STRONGLY URGES YOU CONDUCT A COMPLETE AND INDEPENDENT INVESTIGATION OF THE RESPECTIVE COMPANIES AND CONSIDERATION OF ALL PERTINENT RISKS. READERS ARE ADVISED TO REVIEW SEC PERIODIC REPORTS: FORMS 10-Q, 10K, FORM 8-K, INSIDER REPORTS, FORMS 3, 4, 5 SCHEDULE 13D.DEDICATED INVESTORS LLC IS COMPLIANT WITH THE CAN SPAM ACT OF 2003. DEDICATED INVESTORS LLC DOES NOT OFFER SUCH ADVICE OR ANALYSIS, AND DEDICATED INVESTORS LLC FURTHER URGES YOU TO CONSULT YOUR OWN INDEPENDENT TAX, BUSINESS, FINANCIAL AND INVESTMENT ADVISORS. INVESTING IN MICRO-CAP AND GROWTH SECURITIES IS HIGHLY SPECULATIVE AND CARRIES AND EXTREMELY HIGH DEGREE OF RISK. IT IS POSSIBLE THAT AN INVESTORS INVESTMENT MAY BE LOST OR IMPAIRED DUE TO THE SPECULATIVE NATURE OF THE COMPANIES PROFILED.THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 PROVIDES INVESTORS A SAFE HARBOR IN REGARD TO FORWARD-LOOKING STATEMENTS. 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RATHER, INVESTORS SHOULD USE THE INFORMATION CONTAINED IN THIS WEBSITE AS A STARTING POINT FOR DOING ADDITIONAL INDEPENDENT RESEARCH ON THE FEATURED COMPANIES. THE ADVERTISEMENTS IN THIS WEBSITE ARE BELIEVED TO BE RELIABLE, HOWEVER, DEDICATED INVESTORS LLC AND ITS OWNERS, AFFILIATES, SUBSIDIARIES, OFFICERS, DIRECTORS, REPRESENTATIVES AND AGENTS DISCLAIM ANY LIABILITY AS TO THE COMPLETENESS OR ACCURACY OF THE INFORMATION CONTAINED IN ANY ADVERTISEMENT AND FOR ANY OMISSIONS OF MATERIALS FACTS FROM SUCH ADVERTISEMENT. DEDICATED INVESTORS LLC IS NOT RESPONSIBLE FOR ANY CLAIMS MADE BY THE COMPANIES ADVERTISED HEREIN, NOR IS DEDICATED INVESTORS LLC RESPONSIBLE FOR ANY OTHER PROMOTIONAL FIRM, ITS PROGRAM OR ITS STRUCTURE. DEDICATED INVESTORS LLC IS NOT AFFILIATED WITH ANY EXCHANGE, ELECTRONIC QUOTATION SYSTEM, THE SECURITIES EXCHANGE COMMISSION OR FINRA.

KSCP has inked dozens of major deals across the country – including 18 new contracts in April 2024 valued at over $1 million in addition to a 128% increase in revenue for 2023‍

KSCP integrates autonomy, robotics, AI, and EV technology, including Automated Gunshot Detection

They jut completed a pilot contract with the New York Police Department (NYPD) for a K5 robot to patrol a Manhattan subway station with the support of the Metropolitan Transportation Authority (MTA)

‍Hello Everyone,

Experts have warned us that AI is coming for our jobs for years…

But most people assumed it was a problem for the future generation and pushed the idea aside.

That is, until generative AI titan ChatGPT blasted onto the world stage and upended the way we perceive the future.

ChatGPT gave the world an acute awareness that AI dominance isn’t a future fantasy — it’s a present reality.

But ChatGPT is just the tip of the AI iceberg.

AI-powered robots are also taking the world by storm.

Billions of dollars are being spent to develop new groundbreaking robots across limitless industries ranging from healthcare to IT.

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Robot startup Figure AI – valued at $2.6 billion – has raised $675 million from investors like Jeff Bezos, Microsoft and NVIDIA.

Honda and Hyundai Motor’s Boston Dynamics are developing humanoid robots.

Tesla is looking to launch its Optimus robots by the end of 2025.

It’s not just car manufacturing.

Robots are also proving to be indispensable as public servants.

And there’s one AI security robotics stock that’s leading the global security robots market, which hit $32 billion in 2021 and it’s expected to grow at an impressive CAGR of 17.65% to reach nearly $120 billion by 2030.

This company could potentially be the most undervalued stock on the NASDAQ, trading at under 50 cents with a market cap of $47 million.

Knightscope, Inc. (NASDAQ:KSCP), a cutting-edge security technology company located in the heart of Silicon Valley.

The company manufactures ASRs (Made in America) equipped with state-of-the-art technology capable of deterring, detecting, and reporting crime.

When you look at the numbers, it becomes glaringly clear how important these robots are to public safety in the US.

Right now, there are over 331 million Americans. Yet, there are only 660,288 full-time law enforcement officers and just over a million security guards—roughly one protector for every 200 people.

In 2022, there were over a million violent crimes reported across the US.  

But, only about 41.5% of violent crimes are reported, so it’s much higher than FBI stats show.

One protector for 200 people simply isn’t enough.

That’s why Knightscope, Inc. (NASDAQ:KSCP) has leveraged four key technologies (autonomy, robotics, artificial intelligence, and EV technology) to better equip both domestic law enforcement and private businesses.

With high definition 360 degree live streaming and recorded video, thermal cameras and a public address speaker, ASRs provide additional eyes, ears and a voice to law enforcement – covering more ground and keeping the peace during all hours.

According to InvestorPlace, Knightscope could be a surprise hit among must-own AI stocks.

‍Knightscope has been given the green light by the US Government, being awarded its Authority to Operate. This authorization from the Federal Risk and Authorization Management Program (FedRAMP) is a massive win that makes this company’s cutting-edge technology available to federal agencies.

But that isn’t the only exciting news this company has shared in recent months.

‍Knightscope (NASDAQ:KSCP) has inked dozens of major deals across the country – including 18 new contracts in April 2024 valued at over $1 million – this is in addition to a 128% increase in revenue for 2023.

It caught the attention of investment banking and equity research firm Ascendiant Capital Markets analyst Edward Woo, who highlighted the company’s Q3 wins as a sign of what’s to come in 2024 in a recent research report.

Some notable deals Knightscope include a $1.2 million inventory replenishment order for its K1 Call Boxes, and a $1.25 million contract with Rutgers, The State University of New Jersey, for a whopping 145 devices.

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Knightscope (NASDAQ:KSCP) also completed a pilot contract with the New York Police Department (NYPD) for a K5 robot to patrol a Manhattan subway station with the support of the Metropolitan Transportation Authority (MTA).

According to the New York Times and a New York City spokesperson, it is on track to be deployed at another location.

Some of the other big-name clients utilizing Knightscope’s (NASDAQ:KSCP) technology include:

• Port Authority New York New Jersey
• Penn Entertainment
• University of Tennessee
• New York City Fire Department (FDNY)
• San Bernardino County Transportation Commission (SBCTC)
• San Luis Obispo Council of Governments (SLOCOG)
• Orange County Transportation Authority (OCTA)
• Ventura County Transportation Commission (VCTC).

Knightscope’s Florida-based reseller Transportation Solutions & Lighting (TS&L) also purchased 40 K1 Blue Light Towers to support its growing emergency communications business.

If that’s not enough, Knightscope (NASDAQ:KSCP) just began sales of its Automated Gunshot Detection (AGD) technology to cut the response time to dangerous situations down to two seconds!

Let’s take a look at some of the reasons this company is a force to be reckoned with in the public safety arena.

7 Reasons to Pay Close Attention to Knightscope (NASDAQ:KSCP)

1. Innovation Leader: Knightscope (NASDAQ:KSCP) is a first mover security technology firm manufacturing Autonomous Security Robots (ASRs) equipped with advanced technology that can deter, detect, and report crimes.
2. Advanced Technology Integration: Knightscope (NASDAQ:KSCP) uses four key technologies – autonomy, robotics, artificial intelligence, and EV technology to develop its unique and efficient security solutions. Recently launched real-time, Automated Gunshot Detection (AGD) and the Knightscope Emergency Management System (KEMS).
3. Cost-Effective Solution: Knightscope‘s Machine-as-a-Service (MaaS) business model provides a cost-effective alternative to traditional security. Their services cost between $0.75 to $9.00 per hour. In comparison, an unarmed guard makes $15 to $35 per hour and an off-duty armed law enforcement officer can be well over $85 per hour.
4. Ongoing Revenue Growth:Knightscope (NASDAQ:KSCP) announced a 128% increase in revenue year-over-year, generating an estimated $12.8 million in 2023. Yet, the company is trading at less than 50 cents with a market cap of $47 million (and ⅓ of the invested capital) – making it easily one of the most undervalued stocks on the NASDAQ.
5. Successful Client Acquisition and Recurring Revenue Stream: Knightscope (NASDAQ:KSCP) just signed another 18 contracts over $1 million, adding to its growing roster of major clients across the US.
6. Strong Growth Prospects: The ASR market is expected to grow significantly, reaching $116.44 billion by 2030.  Knightscope (NASDAQ:KSCP) also has a clear roadmap to profitability, targeting Q4 2024.

‍Relentless, Experienced Leadership Team: Management team holds over 10 million shares of the company’s outstanding shares.  Knightscope’sCo-founder & CEO, Chairman William Santana Li holds 7 million shares. He was the youngest senior executive at Ford Motor Company out of 430,000 employees at the time and later became COO at Ford subsidiary GreenLeaf, the world’s second-largest automotive recycler.

AI-Powered Autonomous Security Robots for Persistent Surveillance and Threat Detection

Knightscope (NASDAQ:KSCP) sets itself apart by employing cutting-edge technology in a unique approach towards combating violent crime in the US and beyond

Knightscope (NASDAQ:KSCP) is the only company that’s publicly traded and makes fully autonomous security robots (ASRs) for both indoors and outdoors at scale, but let’s compare them to other data-driven solution developers in the security space who are combating violent crimes in the US and beyond.

Knightscope’s comparables include companies like Axon Enterprise, which makes Tasers, body cameras, and VR training for officers.

Wrap Technologies makes a device called BolaWrap that police can use to restrain people from a distance.  

SoundThinking (formerly ShotSpotter) makes systems that can detect gunshots, high-tech security cameras, and a search engine for law enforcement— Knightscope has also recently added its own real-time, Automated Gunshot Detection (AGD) to its portfolio.

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Knightscope’s Unique Service Model and New Tech

Knightscope, Inc.’s (NASDAQ:KSCP) business model is called Machine-as-a-Service (MaaS), and it’s already generating significant revenue.

Think about it this way: a police officer’s salary can be between $57,000 and $67,000 and with all the extra costs, it can go up to $149,000. Knightscope’s service costs between $0.75 to $9.00 per hour. This includes everything from setting up the robot to storing the data it collects.

For example, a single K5 Autonomous Security Robot (ASR) can make $255,000 of revenue over a 5-year period and is either paid up front by the client or financed by a funding partner Total cash outflows over the period is ($84,530) yielding a margin of $170,470 or 67% as the long-term target!

Knightscope’s ASRs are not only cheaper to run, but they’re also reliable. Look at how they compare to the average security guard:

Plus, they’ve already helped solve crimes, like catching a hit-and-run suspect and identifying a gunman.

New Gunshot Detection Tech and Emergency Management System Platform

Knightscope (NASDAQ:KSCP) recently created a lot of buzz in the industry with the addition of real-time, Automated Gunshot Detection (AGD). This system can help police and security respond faster to threats. It’s a response to requests from schools, corporations, airports, hotels, and cities.

The benefits of gunshot detection include:

• Helping to stop active-shooter events and save lives
• Reducing false alarms
• Working with other security solutions to protect people

The system can work on its own or with Knightscope’s K5 Outdoor and K3 Indoor ASRs as well as K1 Blue Light Towers.. It can also use solar power or light pole kits for more flexible installation.

The system can locate shots indoors and outdoors and sends notifications in less than two seconds. Knightscope believes that a focused, real-time system is more effective than a city-wide approach.

The market for gunshot detection systems is expected to reach $646 million by 2031 in North America.

Knightscope (NASDAQ:KSCP) also announced the launch of its innovative Knightscope Emergency Management System (KEMS).

Because the company operates a wide-reaching network of more than 7,000 devices across the US, including K1 Blue Light Towers, E-Phones, and Call Boxes, the introduction of the KEMS platform will boost these devices’ capabilities by allowing real-time monitoring, instant error detection, and system performance reporting.

It’s an exciting leap forward, made even more significant by Knightscope‘s (NASDAQ:KSCP) integration of AI throughout its product range.

The company’s continued rollout of the KEMS platform throughout 2023 promises a dynamic shift in public safety infrastructure, making the nation’s security more efficient and smarter than ever.

But that’s just the beginning of what this company has in mind.

Knightscope (NASDAQ:KSCP) plans to partner with award-winning, industry-leading drone solutions and systems developer Draganfly (NASDAQ:DPRO) (CSE:DPRO) to fully integrate Draganfly’s drone technology with its ASR tech to form a unified autonomous product.

NEWS

• Ascendiant Capital Markets Maintains Buy Rating for Knightscope Raises Per Share Price Target to $4.25
• 5 mins ago
• Knightscope Deploys 37 Emergency Communication Devices at Rio Hondo College
• 1 day ago
• Knightscope to Present to Members of Congress at Hart Senate Office Building
• 6 days ago
• Knightscope Delivers On 9 New Deployments and Signs 2 New Contracts
• Apr 23, 2024
• Robot Dog Saves Lives in Massachusetts Standoff
• Apr 4, 2024
• Knightscope Wins 18 Contracts Valued Over $1 Million
• Apr 4, 2024
• Knightscope Announces Significant Financial Milestones
• Apr 2, 2024
• Knightscope (NASDAQ: KSCP) Unveils Future Plans During Innovation Week
• Mar 19, 2024
• Knightscope 2023 Estimated Revenues Increase 128% to $12.8 Million
• Mar 15, 2024
• Future of Knightscope Unveiled
• Mar 14, 2024

• Knightscope ($KSCP) Signs MoU with Draganfly ($DPRO)
• Mar 13, 2024
• Draganfly to Integrate Drones with Knightscope Autonomous Security Robots & Systems
• Mar 13, 2024
• Knightscope (NASDAQ: KSCP) Is Making A Splash In The Robotic Industry With Revenue Increases Year Over Year
• Mar 12, 2024
• A.I. Takes Center Stage as Knightscope Innovation Week Continues
• Mar 12, 2024
• Knightscope Kicks Off Innovation Week
• Mar 11, 2024
• Port Authority NY NJ Expands use of KEMS After Life Saving Event
• Mar 6, 2024
• Knightscope Announces Innovation Week
• Mar 4, 2024
• Knightscope (NASDAQ: KSCP) Demonstrates The Value In Its Autonomous Security Robots As Clients Continue To Renew Recurring Revenue Contracts
• Mar 4, 2024
• Litigation Update – Knightscope Authorized to Serve Notice of Action Against Capybara Research by Public Disclosure and Press Release Pursuant to Court Order
• Mar 1, 2024
• K1 Hemispheres at Hospital and Church Deployed and Activated
• Feb 28, 2024

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MANAGEMENT TEAM

William Santana Li, Chairman and CEO

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William (“Bill”) Santana Li has served as our Chairman and Chief Executive Officer (“CEO”) since April 2013. Mr. Li is an American entrepreneur with over 30 years of experience from working in the global automotive sector and founding and leading a number of startups. From 1990 to 1999, Mr. Li held multiple business and technical positions at Ford Motor Company across four continents.

His positions at Ford ranged from component, systems, and vehicle engineering with the Visteon, Mazda, and Lincoln brands; to business and product strategy on the United States youth market, India, and the emerging markets in Asia-Pacific and South America; as well as the financial turnaround of Ford of Europe. In addition, he was on the “Amazon” team, which established an all-new modular plant in Brazil. Subsequently, he served as Director of Mergers & Acquisitions.

After internally securing $250 million in financing, Mr. Li founded and served as COO of GreenLeaf LLC, a Ford Motor Company subsidiary that became the world’s second largest automotive recycler. Under his leadership, GreenLeaf grew to more than 600 employees, 20 locations worldwide, and annual sales of approximately $150 million. At the age of 28, Bill was the youngest senior executive at Ford Motor Company worldwide.

After successfully establishing GreenLeaf, Mr. Li was recruited by SoftBank Venture Capital to establish and serve as the President and CEO of the Model E Corporation, a newly established automobile manufacturer that focused on the “Subscribe and Drive” model in California. Mr. Li also founded Carbon Motors Corporation in 2003, and as its Chairman and CEO until February 2013, focused it on developing the world’s first purpose-built law enforcement patrol vehicle.

Mr. Li earned a BSEE from Carnegie Mellon University and an MBA from the University of Detroit Mercy.

‍Apoorv S Dwivedi, EVP and Chief Financial Officer

With extensive finance and corporate strategy experience, Dwivedi most recently served as the Chief Financial Officer of Nxu, Inc. (NXU). He joined the company in 2022 and helped to take it public on Nasdaq in the same year. He then led the company’s strategy around capital markets, investor relations, finance operations and corporate growth. Prior to his CFO role at Nxu, Dwivedi served as Director of Finance for Cox Automotive from 2019 to 2022 where he successfully ran the Manheim Logistics business. From 2018 to 2019, he was the Director of Presales at the SaaS company Workiva, and from 2010 to 2017 Dwivedi served in several corporate finance roles of increasing responsibility at the General Electric Company across both the GE Capital and GE Industrial businesses. Dwivedi began his career at ABN-AMRO, N.A. and was instrumental in building one of the first data analytics teams at Sears Holdings Company. Dwivedi earned his Bachelors in Finance from Loyola University – Chicago and his MBA from Yale School of Management.

Stacy D Stephens, EVP and Chief Client Officer

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Stacy Stephens is our Chief Client Officer and co-founded the Company in April of 2013. Previously, he co-founded Carbon Motors Corporation with Mr. Li, where he led marketing operations, sales, product management, partnership marketing and Client service. At Carbon Motors, Mr. Stephens established the “Carbon Council,” a Client interface and users group consisting of over 3,000 law enforcement professionals across all 50 states and actively serving over 2,200 law enforcement agencies.

Prior to co-founding Carbon Motors Corporation, Mr. Stephens served as a police officer for the Coppell (Texas) Police Department from 2000 to 2002. In recognition of his accomplishments, Mr. Stephens was named one of Government Technology magazine’s “Top 25 Doers, Dreamers & Drivers” in 2011.

Mr. Stephens studied aerospace engineering at the University of Texas in Arlington. He subsequently earned a degree in criminal justice and graduated as valedictorian from Tarrant County College in Fort Worth, Texas. He is a member of the International Association of Chiefs of Police (“IACP”) and also sits on the IACP Division of State Associations of Chiefs of Police SafeShield Project, which seeks to critically examine existing and developing technologies for the purpose of preventing and minimizing officer injuries and fatalities.

Mercedes Soria, EVP and Chief Intelligence Officer

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Mercedes Soria is our Chief Intelligence Officer and has been with Knightscope since April 2013. Ms. Soria is a technology professional with over 15 years of experience in systems development, life cycle management, project leadership, software architecture and web applications development.

Ms. Soria led IT strategy development at Carbon Motors Corporation from 2011 until 2013. From 2002 to 2010, Ms. Soria was Channel Manager and Software Development Manager for internal operations at Deloitte & Touche LLP, where her team deployed software that was used daily across the firm’s thousands of employees. From 1998 to 2002, Ms. Soria worked as a software developer at Gibson Musical Instruments leading the effort to establish its online presence.

Ms. Soria obtained Bachelor and Master’s degrees in Computer Science from Middle Tennessee State University with honors, as well as an Executive MBA from Emory University. She is also a certified Six Sigma green belt professional and a member of the Society of Hispanic Professional Engineers.

Aaron J Lehnhardt, EVP and Chief Design Officer

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Aaron Lehnhardt has served as our Chief Design Officer since November 2015. Previously, from the Company’s inception in April 2013 until November 2015, Mr. Lehnhardt served as Chief Designer of the Company. From 2002 to April 2013, Mr. Lehnhardt was the co-owner of Lehnhardt Creative LLC where he worked on advanced propulsion vehicle design, personal electronics, product design, video game design, and concept development work.

From 2004 to 2011, Mr. Lehnhardt was Chief Designer at California Motors (“Calmotors”), where he led the design for various concepts for HyRider hybrid vehicles, the Calmotors 1000 horsepower hybrid super car, Terra Cruzer super off-road vehicle, multiple vehicles for the U.S. Military, and various other hybrid and electric vehicles. He was also the lead designer and partner of Ride Vehicles LLC, a sister company to Calmotors, which worked on a 3-wheeled, standup personal mobility vehicle.

Jason M Gonzalez, SVP Client Development

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Jason Gonzalez is SVP Client Development and has been with Knightscope since June 2018.  He is a security professional with over 20 years of experience, delivering solutions to the private and government sectors. He has extensive sales experience in both security technology and security services.

Mr. Gonzalez began his security career with Tyco Integrated Security in 1997, selling technology solutions across a broad range of commercial industries. His success there paved the way to join Honeywell’s Security and Fire division, where he drove sales through their reseller program in the Western U.S. He then transitioned to the security services side of the industry, leading him to join G4S Secure Solutions in 2006, a global service provider of security personnel and management. As the Regional Director of Business Development for the Western U.S., he was directly responsible for local and national account sales, including hiring, training and managing a sales team.

After nine years, and over $70M in revenue generated, Mr. Gonzalez moved on to a Regional Vice President role with Whelan Security, managing sales and complex security operations across five Western U.S. states with full P&L responsibility.

Throughout his career, Mr. Gonzalez has demonstrated his ability to develop strategic partnerships and drive high growth through optimizing sales channels, organizational productivity, and team building.

Ronald J Gallegos, SVP Client Experience

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Ronald Gallegos is SVP Client Experience and has been with Knightscope since 2016. Mr. Gallegos has over 21 years of experience working with the C-level in global physical security. He has served as a trusted advisor, providing solutions to global Fortune 1000 corporations, large public safety organizations and critical infrastructure entities. His background ranges from leadership in physical security human resources, systems integrations, global situational awareness & location-based social media Software-as-a-Service (SaaS) and autonomous robotics and artificial intelligence.

Mr. Gallegos started with the Northern California Regional team for AlliedBarton (AlliedUniversal) the largest US Security Services company, where he was promoted to Regional Manager for the San Francisco Bay Area. He later joined Securitas, one of the largest security contractors in the world, and was based in the Silicon Valley as a trusted advisor, initiating and project managing many Fortune 1000 implementations. He later excelled as a Regional Manager at G4S (Group 4 Securicor), the world’s largest security organization.

Prior to Knightscope, Mr. Gallegos served as Director of Enterprise Accounts at Geofeedia, where he managed a team and executed all aspects of enterprise software implementations for global physical security teams. He also helped launch the corporate security practice as well as acquired and managed relationships with more than 60 Fortune 500 strategic accounts.

Mr. Gallegos holds a BSBA and MBA from San Francisco State University. He has also served several years as a Board Member for the American Society for Industrial Security (ASIS) San Francisco Bay Area Chapter.

SINCERELY,

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“RIGHT NOW KULR IS A STAR” – WALL STREET JOURNAL

Revenue increased 146% to $9,830,166 in 2023 from $3,994,634 in 2022

KULR ENTERS INTO AN AGREEMENT WITH LOCKHEED MARTIN FOR HEAT SINK ADVANCEMENTS IN PRECISION MISSILE ELECTRONICS

KULR SECURES OVER $1M CONTRACT FROM H55 FOR PROPRIETARY, PATENTED THERMAL RUNAWAY SHIELD TECHNOLOGY

KULR Secured a pivotal contract exceeding from Nanoracks who is now part of Voyager Space’s Exploration Segment

We recently delivered on an immediate power cell battery deployment order for AI-enabled drone missions in Ukraine, with full pre-payment received before shipment.Explore how we're powering advancements on the front lines: https://t.co/gwXaFBJGwC#Innovation #Ukraine #Drones #AI… pic.twitter.com/n82A8iwmRW

— KULR Technology (@KULRTech) April 23, 2024

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*****KULR INVESTOR PRESENTATION*****

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Hello Everyone,

Unless you have been in your parents basement researching aliens for the past 6 weeks then you are going to remember this one.

We brought it to you on March 21st when it opened up at .22 after a gap up in the morning.

In less than 3 weeks this one exploded all the way up to .90 for a 300%+ move.

You can see the freakish move on the chart below.

Pull up KULR Technology Group Inc (NYSE: KULR) right away and put it on your screen for Tuesday’s session.

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KULR Technology Group Inc (NYSE: KULR) develops and commercializes high-performance thermal management technologies for batteries, electronics, and other components across an array of battery-powered applications. As the global economy becomes increasingly electrified and connected, KULR is addressing the rising demand for cooler, lighter, and safer batteries, and electronic systems. Leveraging the company’s roots in developing breakthrough cooling solutions for NASA space missions and backed by a strong intellectual property portfolio, KULR provides customers with industry-leading battery safety technologies as well as cost-effective cooling technologies that outperform traditional solutions. The world’s leading aerospace, electronics, energy storage, 5G infrastructure, and electric vehicle manufacturers trust KULR to solve safety, reliability, and efficiency challenges in an ethical and environmentally sustainable manner.

Active government initiatives propelled by industry and regulatory tailwinds are increasing demand for battery recycling and clean energy, resulting in an expanding total addressable market for KULR’s solutions. The Company’s disruptive technologies strive to fulfill an addressable $24 billion thermal management systems market (estimated based on market data projections published by Converged Markets stating that the thermal management systems market size was projected to grow from $11.1 billion in 2017 to $24.8 billion by 2025.  KULR’s integrated design approach offers comprehensive solutions in thermal interface materials, lightweight heat exchangers, and protection against lithium-ion battery thermal runaway propagation. Its high-performance solutions can be designed to fit demanding configurations and applications.

As companies and governments around the world pledge to meet net zero emissions over the next few decades, KULR is uniquely positioned to accelerate the adoption of clean energy solutions and sustainable products and facilitate the migration to a global circular economy. The Company’s goal is to provide total battery safety solutions for more efficient battery systems, increased sustainability, and end-of-life battery management, making KULR a key technology solutions provider in the migration to a global circular economy.

CATALYSTS

• Leveraging KULR’s roots in developing breakthrough cooling solutions for NASA space missions and backed by a strong intellectual property portfolio, KULR provides customers with industry-leading battery safety technologies as well as cost-effective cooling technologies that outperform traditional solutions.
• KULR is currently processing up to 10,000 lithium-ion cells per week as well as preparing for tests performed by NASA, the Department of Defense (“DoD”), and others performing manned flighted missions.  
• KULR was awarded three additional contracts with DoD prime contractors to implement the Company’s carbon fiber cathode solution for high-power magnetic and other covert pulse weaponry initiatives.  
• KULR also secured a new battery safety contract with NASA to test its lithium-ion cells for future battery packs designed for the Artemis Program, a series of US-led international human spaceflight programs.  
• KULR recently appointed former NASA Johnson Space Center senior leader Dr. William Walker as Director of Engineering.
• KULR expects to procure lithium-ion battery cells providing up to 500-megawatt hours (“MWh”) of energy capacity, enough to power approximately 40,000 homes.
• KULR just received a follow-on phase change material heat sink order from Lockheed Martin  
• KULR has partnered with Lockheed Martin, Leidos and other prime contractors to develop and supply mission-critical technologies for hypersonic vehicles, high-power magnetic wave, and other defense systems.  
• KULR’s portfolio of thermal management solutions target air and liquid-cooling of high-performance computing applications such as crypto mining, cloud computing, AI, and AR/VR simulations to maximize performance, energy efficiency and safety.

KULR TECHNOLOGY GROUP REPORTS RECORD ANNUAL REVENUE FOR 2023

Full-Year 2023 Revenue Up 146% Year-Over-Year

SAN DIEGO / GLOBENEWSWIRE / April 12, 2024 / KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a global leader in sustainable energy management, today announced its financial results for full-year 2023.

Full-Year 2023 Financial Results:

Revenues: Revenue increased 146% to $9,830,166 in 2023 from $3,994,634 in 2022. The increase in revenue was mainly due to early success in the energy storage and battery transportation and recycling sectors. The Company continues to build its relationships with a wide range of energy, transport and aerospace partners and has billed 53 customers during the year ended December 31, 2023, a 47% increase from 36 billed customers during the year ended December 31, 2022. These additions reflect management’s commitment to build new customer relationships through a growing pool of referrals and business development leads.

Selling, General and Administrative (SG&A) Expenses: SG&A expenses increased to $19,882,402 in 2023 from $16,453,776 in 2022. The 21% increase was primarily due to increases in labor costs, and depreciation and amortization expenses due to expansion of our facility and equipment placed in service during 2023.

R&D expenses: R&D expenses in 2023 increased to $6,195,400 from $4,196,313 in 2022, reflecting an increase in employee headcount in order to build future capacity, and R&D initiatives designed to build future revenue growth.

As of December 31, 2023, the Company had 57 full time employees and 3 contractors compared to 62 full time employees and 16 contractors on December 31, 2022.

Net Loss: Net loss for 2023 increased to $23,693,556 or a loss of $0.20 per share, compared to $19,436,479 or a loss of $0.18 per share in 2022.

Cash Position: The Company reported cash balances of $1,194,764 as of December 31, 2023, compared to $10,333,563 as of December 31, 2022.

Recent Corporate Highlights:

• Revenue has grown at a compound annual growth rate of 102% from 2021 through 2023.
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• Secured a commitment exceeding $1 million with H55 Inc., a pioneer and global leader in electric propulsion. H55 will employ KULR’s unique Thermal Runaway Shield within its propulsion systems that equip fleets of industry behemoths such as Pratt & Whitney and CAE Inc. Embedding KULR’s TRS into H55’s Electrical Propulsion System (“EPS”) is critical for aligning with the European Union Aviation Safety Agency (“EASA”) safety protocols.
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• Secured a pivotal contract exceeding $865,000 from Nanoracks (now part of Voyager Space’s Exploration Segment). Based in Webster, Texas, Voyager’s Exploration team is a prominent provider of commercial space services, specializing in satellite deployment, space station research, and the development of space habitats. The contract underscores KULR’s role in spearheading the accelerated development, testing and early production of a specialized space battery, aimed at enhancing Voyager’s CubeSat applications.
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• Received a six-figure contract from Lockheed Martin for developing phase change material heat sinks that are pivotal for the thermal regulation of essential electronics within long-range precision missiles. This achievement follows a series of successful evaluations that showcased the efficiency of KULR’s solutions in cooling critical onboard systems.
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• Received an initial purchase order from one of the world’s largest privately held space exploration companies for enhanced battery safety testing solutions, using the Company’s KULR ONE Design Solutions (“K1-DS”) platform. The proprietary K1-DS platform incorporates the most comprehensive design and testing methodology for battery safety. Though specific terms of the contract remain confidential, the customer has publicly forecasted a substantial ramp-up in its planned space missions as it continues to scale its satellite deployment throughout 2024.
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• Confirmed collaboration with a leading U.S. automaker focusing on mitigating thermal runaway risks in EV battery modules through KULR’s advanced SafeCASE™ technology. This project underscores KULR’s commitment to safety and innovation in the rapidly growing electric vehicle market.
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• Engaged by one of the few global leaders in space travel to design, develop, and deliver battery systems tailored for the rigorous demands of space travel. These batteries will power the dramatically growing commercial space business for KULR’s partner for its immediate needs and into the future. The commercial, economic, and mission-critical requirement for on-time delivery of consistently safe, reliable, and efficient battery power solutions coupled with the complex demands of space travel led this customer to KULR. While the program is already underway, upon achieving anticipated milestones, both KULR and its partner anticipate follow-on orders supporting a significant increase in the frequency and scale of planned space missions.
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• Secured new special permits from the United States Department of Transportation related to its patented SafeX product suite, including SafeCASE™ and SafeSLEEVE™. The recently granted Special Permit 21693 and Special Permit 21704 cover transportation of damaged, defective, or recalled (“DDR”) batteries as well as end-of-life batteries to include the critical area of battery disposal and recycling, paving the way for safer and more sustainable battery recovery and reuse practices. The new special permits are expected to generate additional opportunities for KULR with both existing and new customers in various industries.

Energy Storage

The U.S. doubled its energy storage capacity in 2021 and is expected to increase 17x by 2030, according to Wood Mackenzie. Lithium-ion batteries are the dominant technology on the market for energy storage because of their cost and availability but do carry well documented safety risks. While rare, cell to cell thermal runaway in lithium-ion batteries can cause a fire or explosion. For example, an explosion at Arizona Public Service’s McMicken battery plant injured four emergency responders in 2019 and overheating caused the 1.2 GWh Moss Landing storage facility in California to go off-line. To reach net zero by mid-century will require an additional 245 GWh of battery capacity each year until 2030, but incidents of the like distill trust in battery technologies and threaten to slow the pace which is needed to achieve decarbonization goals. KULR’s passive propagation resistant (PPR) and thermal runaway shield (TRS) technologies prevent cell to cell thermal runaway propagation and inhibit fire and ejecta of a single cell from exiting the battery enclosure, making battery energy storage packs safe for homes, hospitals, schools, and universities, and more. KULR is partnering with leaders in the energy storage industry such as Volta Energy Products, the subsidiary of Buffalo NY based parent company, Viridi Parente, to increase deployments of safe, reliable, and durable energy storage safety systems to accelerate the broader energy transition.

Battery Recycling and Management

KULR-Tech Safe_Case provides a safe and cost-effective solution to commercially store and transport lithium batteries, which is increasing in frequency as supply chain challenges and ESG commitments necessitate battery recycling and end-of-lifecycle management. Whether shipping a single battery, a battery-powered device or a load shipment of batteries, KULR’s technology mitigates the impacts of cell-to-cell thermal runaway propagation and ensures a safe journey. KULR’s Thermal Runaway Shield (TRS) technology is trusted by NASA to ship and store astronauts’ laptop batteries on the International Space Station. In addition, KULR combines its Passive Propagation Resistant (PPR) solutions with its new CellCheck intelligent battery management system to extend battery life. The CellCheck modular battery management system platform is KULR’s AI-powered battery safety technology for e-mobility, energy storage and fleet applications. It captures real time and lifetime battery intelligence, sensing adverse electrical, environmental, and physical events to analyze and control for maximum battery safety, reliability, and performance. As commercial industries across the board face greater scrutiny to comply with ESG standards, KULR is serving a total addressable market for a circular economic model for batteries that will reach over $21 billion by 2025 (estimated based on market data projections published by Grand View Research, Inc. stating that the global battery recycling market size is expected to reach $21.04 billion by 2025).

E-mobility

KULR is supporting the shift to electrified transport by enabling safer, lighter, and faster charging lithium-ion batteries for electric vehicles and micro mobility solutions.KULR’s passive propagation resistant (PPR) battery pack solutions increase battery energy capacity while preventing thermal runaway events that can lead to hazardous explosions, helping the transportation industry to address growing public safety concerns around electric vehicles, electric aviation and micro-mobility markets.

Vehicle technology advancements and EV range anxiety requires more battery capacity to expand the range and power of existing platforms while adding new, power-demanding components for advances such as 5G data networks. The additional strain on batteries increases the risk for overheating and serious failures and can damage sensitive chip architecture. In addition, overheating has been a key limiting factor for advancing fast charging battery technology. KULR’s carbon fiber thermal management technologies reduce the thermal resistance inside battery cells while increasing electrical conductivity to dissipate heat more efficiently to enable the safe deployment of fast charging batteries. With KULR, automotive OEMs and battery manufacturers can increase the energy capacity of battery cells so less cells are needed, making for lighter vehicles that drive further before needing to be charged.

Aerospace/Defense

KULR’s thermal management solutions enable the defense and aerospace industries to safely deploy electronic technologies that support critical missions and protect national security.Technology in this sector is developing at increasing rates – the space industry alone will be worth nearly $3 trillion in 30 years. The electronic devices being placed into aircrafts, satellites, and missiles are becoming ever smaller and more powerful. Lithium-ion batteries, which are already prone to overheating and propagation, are exposed to harsh thermal environments as well as shock and vibration during aerospace and defense operations. KULR has partnered with Lockheed Martin, Leidos and other prime contractors to develop and supply mission-critical technologies for hypersonic vehicles, high-power magnetic wave, and other defense systems.

High-Powered Computing & 5G

Demand for improved, cost-effective cooling solutions in the rapidly growing 5G and cloud computing industries is ever-increasing. KULR’s portfolio of thermal management solutions target air and liquid-cooling of high-performance computing applications such as crypto mining, cloud computing, AI, and AR/VR simulations to maximize performance, energy efficiency and safety. KULR’s proprietary carbon fiber-based suite of thermal interface materials leverage advanced carbon fiber based heatsink technology that offers customers highly customizable, lightweight, and cost-effective solutions with industrial-level reliability due to their high thermal conductivity, lightweight, and low contact pressure.

New Battery Cell Development

KULR started a research and development initiative using carbon fiber structures to produce battery cells with higher energy density and faster charging capabilities. Fast-charging will be the killer app for next-gen batteries. Right now, overheating is a key limiting factor in advancing fast-charging battery technology. There may be a way to solve that problem by using carbon fiber inside the battery cell to reduce thermal and electrical resistance which can dissipate heat more effectively. The R&D initiatives include thicker cathode with higher loading factor, silicon anode, lithium metal anode and solid-state electrolyte development. This is a long-term strategic development for KULR.

Commercial Partnerships

KULR has a long-term technology and developmental partnership with Andretti Technologies (ATEC), the advanced technology arm of racing team Andretti Autosport. The alliance will establish a thermal management testing and design platform for high-performance battery solutions with the highest safety ratings that will be adapted to the technical requirements of Andretti’s racing enterprise with the goal of transferring solutions to mass-market electric vehicle (EV) applications.

New Facility and IT-Systems

KULR relocated in October 2021 to a new facility located at 4863 Shawline St, San Diego, CA. The facility is 3 times larger than the previous facility with adequate room to support the Company’s new automated battery cell testing capability that will launch in Q322 as well as personnel growth. Additionally, the Company installed independently enclosed areas to support the machine shop, testing lab, battery lab, and Fiber Thermal Interface Material (“FTI”) manufacturing lab. KULR has implemented a 5S standard for the entire facility and will seek ISO 9001 certification in June 2022.

KULR has engaged with Managed Solutions to enhance its IT infrastructure and improve all aspects of Cyber Security. As a sub-contractor for DOD programs, it was vital that KULR have state of the art IT systems and controls. The Company believes the best path based on the current scale of the company is to outsource this activity to a professional IT services organization. The result of this activity was an improvement of our NIST score of over 140 points.

EVOLUTION OF KULR

*** KULR PCM heat sink technology inside the International Space Station (ISS) Nicer telescope. (2016)

*** NASA testing of KULR TRS battery heatsink is best-in-class.  KULR awarded contract in upcoming Mars 2020 Rover mission.  Exclusive worldwide commercial license of NREL ISC testing device. (2017-2018)

*** KULR partners with Lockheed Martin to provide Thermal Management Solution (2018)

*** Product development with world-class partners and start of business expansion with focus on E-mobility and Battery Safety Markets.  (2019)

*** KULR Technology partnership with Leidos to supply NASA with Lithium-ion Battery Storage Solutions for the International Space Station. (2020)

KULR TECHNOLOGY GROUP DELIVERS CUSTOMIZED BATTERY SOLUTION FOR U.S. ARMY, ENHANCING TACTICAL COMMAND OPERATIONS

SAN DIEGO / GLOBENEWSWIRE / April 10, 2024 / KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), an innovator in energy management systems, proudly announces the successful delivery of its custom-designed KULR ONE battery packs to the United States Army, a crucial step in bolstering the longevity and efficiency of Uninterruptible Power Supplies (“UPS”) in tactical command settings.

Under a multi-year contract, KULR has achieved a significant milestone by tailoring its KULR ONE battery pack specifically for the Army’s effort to modernize future command posts. This specialized pack combines high-performance 21700 power cells with state-of-the-art thermal management technology to enhance propagation resistance while minimizing size and weight. The customization has resulted in an impressive 80% improvement in UPS run times, providing a strategic edge in tactical command operations.

Michael Mo, CEO of KULR, expressed his pride in the project’s success: “Delivering these customized battery packs to the United States Army represents a significant achievement for KULR. It underscores our commitment to developing specialized solutions that meet the exacting needs of our clients, particularly in critical, high-stakes environments. The KULR ONE pack exemplifies our dedication to innovation, safety, and performance in energy management.”

The Army is appraising the custom KULR ONE battery packs for their next-generation command posts, aiming to significantly improve mobility and survivability. These assessments are critical to optimizing the use of these advanced energy solutions. KULR remains closely involved, supporting the Army’s mission to enhance the efficiency and durability of its operational capabilities. This effort emphasizes KULR’s significant impact on battery technology innovation, reinforcing its commitment to supplying specialized, high-caliber energy solutions for vital tactical needs.

KULR SECURES OVER $1M CONTRACT FROM H55 FOR PROPRIETARY, PATENTED THERMAL RUNAWAY SHIELD TECHNOLOGY

SAN DIEGO / GLOBENEWSWIRE / April 02, 2024 / KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), renowned for its contributions to sustainable energy management, today unveiled a commitment exceeding $1 million with H55 Inc. (“H55”), a pioneer and global leader in electric propulsion. H55 will employ KULR’s unique Thermal Runaway Shield (“TRS”) within its propulsion systems that equip fleets of industry behemoths such as Pratt & Whitney and CAE Inc. (NYSE: CAE). According to the agreement, the initial delivery phase began in Q1 2024. Embedding KULR’s TRS into H55’s Electrical Propulsion System (“EPS”) is critical for aligning with the European Union Aviation Safety Agency (“EASA”) safety protocols. H55 harnesses KULR’s innovative TRS to construct systems that adhere to stringent safety measures while retaining efficiency and energy density. EASA recently approved the H55 EPS solution, paving the way for the critical compliance demonstration phase of their certification program (https://h55.ch/news/).

Michael Mo, CEO of KULR, reflected on the significance of this collaboration. “Working with H55 epitomizes our commitment to setting new standards for safety in electric aviation. With H55, we reinforce our role in addressing the escalating compliance requisites from regulatory bodies such as EASA and the FAA. Our goal is to ensure our technology not only fulfills but also anticipates the evolving safety needs of the electric aviation sector.”

Martin Larose, CEO of H55, also acknowledged the positive side of this collaboration. “Tightening the relationship with KULR has marked a transformative step for us. The TRS technology from KULR has enabled us to push the safety norms and position H55 as a global leader. We are equipped to offer products that defy the rigorous requirements of EASA while preserving the high caliber and compactness our clients rely on. This synergy with KULR promises significant progress.”

According to a recent forecast, the global hybrid aircraft market is estimated to grow from USD 1.2 billion in 2023 to USD 13.2 billion by 2030, at a CAGR of 41.6% from 2023 to 2030.

KULR continues to pioneer revolutionary energy management solutions, propelling the electric aviation industry forward.ㅤ

About H55
H55 S.A. is a Swiss-based company founded and led by a team of visionary engineers and aerospace experts. The company’s mission is to revolutionize the aviation industry by providing certified electric propulsion and battery management systems tailored to a diverse range of aircraft to achieve sustainable air travel. Through a commitment of providing certified solutions and its pioneering legacy as the technological spin-off of the renowned Solar Impulse electric airplane which flew around the world in 2016 with only energy from the sun, H55 is at the forefront of driving the aviation industry toward a more environmentally responsible future, setting new standards, and pushing the boundaries of what is possible in electric aviation.

KULR ENTERS INTO AN AGREEMENT WITH LOCKHEED MARTIN FOR HEAT SINK ADVANCEMENTS IN PRECISION MISSILE ELECTRONICS

SAN DIEGO / GLOBENEWSWIRE / March 26, 2024 / KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a global leader in sustainable energy management, today proudly announces receiving a six-figure contract from Lockheed Martin (NYSE: LMT) for developing phase change material (“PCM”) heat sinks that are pivotal for the thermal regulation of essential electronics within long-range precision missiles. This achievement follows a series of successful evaluations that showcased the efficiency of KULR’s solutions in cooling critical onboard systems.  With over two decades of pioneering work in heat dissipation technologies, KULR has become a trusted provider for demanding sectors, including defense, aerospace, and beyond. This latest contract with Lockheed Martin underscores KULR’s role as a source of innovative cooling solutions.

KULR’s PCM heat sinks stand out for their efficient, lightweight, and durable design, ideal for managing the heat loads of systems requiring intense, short bursts of power. Such capabilities are crucial for maintaining the reliability and performance of sophisticated missile electronics. Lockheed Martin’s selection of KULR for this project reflects confidence in the company’s ability to meet the high standards required for aerospace and defense applications.

Ted Krupp, KULR’s VP of Sales and Marketing, expressed pride in this collaboration, stating, “Our partnership with Lockheed Martin validates our drive for excellence and innovation in managing high-stakes thermal challenges. Our work is critical for enhancing the capabilities of precision-guided weaponry.” KULR remains at the forefront of thermal regulation technology, continuously evolving its solutions to support safer, more efficient electronic and battery systems across a variety of applications.

According to Straits Research, the global electronic warfare market size is estimated to reach an expected value of USD 27.79 billion by 2030, registering a CAGR of 5.8% during the forecast period of 2022 to 2030.

KULR Lands Initial Battery Testing Order for its SafeCASE Product with Leading US Automaker

PUBLISHED

MAR 19, 2024 8:30AM EDT

SAN DIEGO, March 19, 2024 (GLOBE NEWSWIRE) — KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a global leader in sustainable energy management, today confirmed its collaboration with a leading U.S. automaker. This partnership focuses on mitigating thermal runaway risks in EV battery modules through KULR’s advanced SafeCASE™ technology. This project underscores KULR’s commitment to safety and innovation in the rapidly growing electric vehicle market.

KULR’s CEO, Michael Mo, shared insights on the initiative: “At KULR, we leverage a testing regime as rigorous as that of the KULR ONE project—vital for manned space exploration. By integrating these protocols with our SafeCASE™ and SafeSLEEVE™ products, we ensure that lithium-ion batteries are handled with the highest safety standards for storage and transportation, ready for delivery to any location.”

With the surge in battery utilization across electric vehicles, aerospace, and other sectors, there’s a critical need for scalable and secure transportation solutions. KULR’s patented SafeX product line, encompassing SafeCASE™ and SafeSLEEVE™, addresses this need by facilitating safe, efficient shipping of lithium batteries across an automaker’s multifaceted network of engineering, design, and testing divisions.

This strategic engagement is expected to foster further collaborations, extending KULR’s reach into full EV battery transport, logistics, and battery recycling sectors. The company is set to provide an indispensable enterprise battery transportation platform, streamlining the transfer of battery cells within an OEM or an organization, thereby enhancing efficiency and tracking in the battery management lifecycle.

According to recent forecasts by Precedence Research, the global battery packaging market is on track for significant growth, projected to achieve a market size of USD 201.85 Billion by 2032.

As a technology leader, KULR is at the forefront of providing safe, reliable solutions for lithium-ion battery management, partnering with top-tier companies to foster sustainability and innovation in energy storage and management.

KULR Technology Group Announces a Strategic Contract with Nanoracks for Advanced Space Battery Development

PUBLISHED

MAR 14, 2024 8:30AM EDT

SAN DIEGO, March 14, 2024 (GLOBE NEWSWIRE) — KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), renowned for its leading-edge lithium-ion battery safety and thermal management technologies, today announced in a landmark development it has been awarded a pivotal contract exceeding $865,000 from Nanoracks (now part of Voyager Space’s Exploration Segment). Based in Webster, Texas, Voyager’s Exploration team is a prominent provider of commercial space services, specializing in satellite deployment, space station research, and the development of space habitats. This collaboration marks a significant milestone in KULR’s journey, with the initial contract poised to conclude in April of this year, and production slated to commence later.

The contract underscores KULR’s role in spearheading the accelerated development, testing, and early production of a specialized space battery, aimed at enhancing Voyager’s CubeSat applications. This partnership not only showcases the aerospace industry’s trust in the KULR ONE Space Platform but also highlights the company’s commitment to innovation and reliability.

KULR has already achieved the first milestone of this contract by delivering the first article prototype battery at the end of 2023, demonstrating its ability to meet rigorous project demands under an accelerated timeline. This initial phase ensures KULR’s battery technology will play a crucial role in powering next-generation satellite applications during critical periods.

Michael Mo, CEO of KULR, expressed his enthusiasm about the collaboration, stating, “Our partnership with Voyager’s Exploration team represents a significant win-win scenario. For Voyager, it brings KULR’s cutting-edge, safe, and innovative battery designs to the forefront of space technology, under an expedited schedule. For KULR, it marks the beginning of what we anticipate will be a fruitful relationship, paving the way for multiple program collaborations in the future.”

Echoing this sentiment, Robbie Harris, Voyager Space; Director of Advanced Concepts (Exploration), highlighted the symbiotic nature of the partnership: “Working with KULR has allowed us to push the boundaries of our battery technology and showcase our commitment to safety, reliability, and performance in the most demanding environments. This collaboration is not just about meeting the immediate needs of a project; it’s about setting the stage for a long-term partnership that will drive innovation in space technology.”

KULR ONE Space, designed for meeting NASA’s exacting standards for manned spaceflight, is poised to expand its influence in the aerospace sector, encompassing both satellite and crewed missions. Boasting state-of-the-art facilities in Webster, Texas, and San Diego, California, KULR is prepared to address the dynamic needs of the aerospace industry, thereby reinforcing its expanding role in promoting the advancement of safe battery technology. The KULR ONE Space Platform anticipates significant growth, offering expedited access to wide-ranging, certified battery solutions that are critical to the rapid advancement of space exploration.

his positions the FTRC, regardless of cell capacity or format, as a core and necessary tool for designing safe battery systems.”

KULR Selected by One of the World’s Largest Private Space Exploration Companies for Enhanced Battery Safety Solutions

Company Leverages its KULR ONE Design Solutions Platform for Initial Battery Safety Technology Order

SAN DIEGO, Dec. 27, 2023 (GLOBE NEWSWIRE) — KULR Technology Group, Inc.(NYSE American: KULR) (the “Company” or “KULR”), a global leader in sustainable energy management, today announced it has received an initial purchase order from one of the world’s largest privately held space exploration companies (“Customer”) for enhanced battery safety testing solutions, using the Company’s KULR ONE Design Solutions (“K1-DS”) platform. The proprietary K1-DS platform incorporates the most comprehensive design and testing methodology for battery safety that includes: Internal Short Circuit (“ISC”) technology, Fractional Thermal Runaway Calorimetry (“FTRC”), bomb calorimetry, and impingement zone mapping, performing a comprehensive cell level characterization of the thermal runaway behavior of the Customer’s cells.

Though specific terms of the contract remain confidential, the Customer has publicly forecasted a substantial ramp-up in its planned space missions as it continues to scale its satellite deployment throughout 2024. According to Spherical Insights & Consulting in a report released in May 2023, the global space exploration market size is expected to grow at a 16.21% CAGR and reach USD 1,879 Billion by 2032.

K1-DS integrates KULR’s deep knowledge and experience in the most challenging environments, such as spaceflight with NASA, which requires what KULR considers the most stringent battery solutions platform globally. The Company is intensely focused on expanding customer engagements within the space exploration market with its K1-DS platform solution and expects further design wins to continue well into next year. Earlier this month, KULR was awarded a critical contract for the accelerated development, testing, and production of a leading-edge space battery for a prominent privately help hardware and in-space services company. That engagement is anticipated to grow into a multi-million-dollar partnership for expanded production in 2024.

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KULR NEWS

KULR Delivers Immediate Power Cell Battery Deployment Order for AI-Enabled Drone Missions in Ukraine 6 days ago

‍KULR Technology Group Reports Record Annual Revenue for 2023 Apr 12, 2024

‍KULR Technology Group Expands SafeCASE Application to Transform Battery Storage in eVTOL Manufacturing Apr 8, 2024

‍KULR Technology Group Sets Fourth Quarter and Full Year 2023 Earnings Call for Friday, April 12, 2024 at 4:30 p.m. ET Apr 1, 2024

‍KULR Enters into an Agreement with Lockheed Martin for Heat Sink Advancements in Precision Missile Electronics Mar 26, 2024

‍KULR Lands Initial Battery Testing Order for its SafeCASE Product with Leading US Automaker Mar 19, 2024

‍KULR Secures New Special Permits from the United States Department of Transportation Related to its Patented SafeX Product Suite, Including SafeCASE™ and SafeSLEEVE™ Mar 12, 2024

‍KULR Technology to Deliver Mission-Critical Power Solutions for Leading Global Space Innovator’s Upcoming Missions Feb 21, 2024

‍KULR Receives Non-Compliance Notice from NYSE American Feb 16, 2024

‍KULR Reduces Workforce by 15% Amid Streamlining Efforts Jan 9, 2024

KULR MANAGEMENT TEAM

MICHAEL MO

CHIEF EXECUTIVE OFFICER

Mr. Mo is a technology entrepreneur and successful investor with over 20 years of experience in technology management, product development, and marketing. From 2007 to 2015, Mr. Mo served as Senior Director of Business Development at Amlogic, Inc. Prior to Amlogic, he was co-founder and CEO of Sympeer Technology, a peer-to-peer network company. Mr. Mo received a Master’s degree in Electrical Engineering from UC Santa Barbara in 1995.

KEITH COCHRAN

PRESIDENT & COO

Mr. Cochran is a value-driven leader offering 25+ years of exceptional high-paced business management and operations expertise. From 1995 to 2019, he worked for world-class EMS, Jabil, Inc. He concluded his 24-year career with Jabil as Sr. Vice President of Global Business Units. Prior to Jabil, Mr. Cochran was Supply Chain Manager for SCI Systems. Mr. Cochran received his Bachelor of Science in Business Operations from DeVry Institute of Technology in 1990.

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DR. WILLIAM WALKER

CHIEF TECHNOLOGY OFFICER

Dr. Walker has significant experience in professional and research-related activities focused on thermo-electrochemical testing and analysis of lithium-ion (Li-ion) battery assemblies and related thermal management products designed for space exploration applications. Prior to joining KULR, Dr. Walker was employed by the National Aeronautics and Space Administration (NASA) Johnson Space Center (JSC) where he focused on designing battery assemblies for human spaceflight applications capable of safely mitigating the effects of thermal runaway and preventing cell-to-cell propagation. Dr. Walker received his B.S. in Mechanical Engineering at West Texas A&M University (WTAMU) and Ph.D. in Materials Science and Engineering at the University of Houston (UH).

SIMON WESTBROOK

CHIEF FINANCIAL OFFICER

In 2009, Mr. Westbrook founded Aargo, Inc., a company specializing in financial consulting services to corporations in various tech-related industries. Prior to Aargo, Mr. Westbrook was CFO of Amber Networks, Inc., and the Chief Financial Officer of Sage, Inc. (NASDAQ: SAGI), a Silicon Valley company specializing in flat panel displays. Before Sage, Mr. Westbrook held senior level financial positions at Creative Technology (NASDAQ: CREAF) and Atari Corp (AMEX: ATC). Simon is a Chartered Accountant and holds a Master’s degree in Economics from Trinity College, Cambridge University.

MICHAEL G. CARPENTER

VICE PRESIDENT OF ENGINEERING

Mr. Carpenter was former Director and Safety Officer of Energy Science Laboratories PCM Heatsink Group. He also served as Quality Manager and Facility Security Officer in the Defense Industrial Security Program from 1988 to 1995. Mr. Carpenter received a B.S. in Applied Mechanics from UC San Diego in 1983.

TED KRUPP

VICE PRESIDENT OF SALES AND MARKETING

Mr. Krupp joins KULR with over 22 years of supplying MIL-SPEC computing solutions to U.S. military and intelligence system integrators. Prior to joining KULR, Mr. Krupp served as Vice President of Sales at San Diego based ZMicro, the preferred choice for rugged computing and visualization for deployed and mission critical applications. He expanded ZMicro’s involvement in several platforms, including special operations, ground vehicle systems, tactical datalinks, and next-generation ISR and eventually led ZMicro’s sales department as the company continued to grow in prominence across the Department of Defense and foreign military community. Mr. Krupp completed his undergraduate work in Information Systems at the University of Texas.

ANTONIO MARTINEZ

VICE PRESIDENT OF OPERATIONS

Mr. Martinez joins KULR with over 37 years of leadership and worldwide manufacturing experience in Electronics Manufacturing and Operations. He spent most of his career at Pulse Electronics Corporation in the electronics manufacturing services industry. Most recently he served as Principal Program Manager of Jabil since 2015, managing business operations spanning Quality Assurance Readiness, Large Production Line Transfers, Project Management, Process Improvement with Increased Productivity, and Customer Qualification Support.

SINCERELY,

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ANIX HAS TWO VACCINES AIMED TO PREVENT BREAST CANCER AND OVARIAN CANCER

ANIX HAD $24 MILLION IN CASH AS OF OCTOBER 2023

We Saw More Insider Buying Over the Past Few Months

CHECK OUT THE INVESTOR PRESENTATION HERE

____________________

Hello Everyone,

We have another new profile that we want you to research right away.

Pull up ANIX immediately.

Coming in only after cardiovascular disease, cancer is the second leading cause of death worldwide; unsurprisingly, oncology is one of the biggest sectors around.

As devastating as cancer is, it’s also a big business. And when cancer and Wall Street collide, it can lead to substantial opportunities to capitalize. It’s no wonder investors are turning their eyes toward healthcare companies specializing in oncology

Precedence Research projects that the global oncology market will increase at a compound annual growth rate of 8.2 percent to reach US$581.25 billion in 2030.

Players in the oncology sector are thriving. Biotech stocks experienced a lift in early December after it was learned that AbbVie will be buying cancer developer ImmunoGen for $10 billion!

Scientific advances are creating new and previously only imaginable ways to treat and prevent diseases.

Anixa is developing a vaccine to prevent the occurrence of #ovariancancer. Our #cancervaccine targets AMHR2-ED, a retired tissue-specific self protein that is expressed in the majority of ovarian cancers. More: https://t.co/TwInx794Zj $ANIX #Science #Oncology pic.twitter.com/gBuPhlr0sa

— Anixa Biosciences (@AnixaBio) March 7, 2024

Anixa Biosciences, Inc. is developing therapies and vaccines that are focused on critical unmet needs in oncology.

ANIX is a clinical-stage biotechnology company developing first-in-class products for cancer treatment and prevention. Anixa’s programs use the body’s immune system to take multiple approaches in fighting cancer—vaccines to prevent cancer, and a CAR-T cell therapy to treat cancer.

The Company’s vaccines focus on immunizing against “retired” proteins found to be expressed in certain forms of cancer. This mechanism has never before been utilized for cancer vaccine development. Anixa’s lead vaccine program targets triple negative breast cancer (TNBC), the most aggressive and lethal form of the disease. Anixa’s second preventative vaccine targets ovarian cancer. The breast cancer vaccine is being studied in a Phase 1 clinical trial with Cleveland Clinic, while the ovarian cancer vaccine is in pre-clinical development. Anixa’s cancer treatment program, also targeting ovarian cancer, explores an immunotherapy using a novel type of CAR-T, known as chimeric endocrine receptor T-cell (CER-T) technology. This therapy is in a Phase 1 clinical trial with Moffitt Cancer Center.

By partnering with world-renowned research institutions on clinical development, Anixa maintains a capital- efficient and low-cost business model that facilitates ongoing identification and examination of emerging technologies in complementary fields for potential development and commercialization.

CEO Amit Kumar and Director Arnold Baskies continue to invest capital in Anixa as we keep building upon our mission to be at the forefront of innovation in developing vaccines to prevent cancer. Get involved: https://t.co/va0zFBNwH1 $ANIX

— Anixa Biosciences (@AnixaBio) March 18, 2024

Check out the Insider Buying from Last Month Which Sparked a Double Digit Rally in ANIX

Investment Highlights

Robust pipeline in oncology/immunology. Multiple value-creating catalysts for clinical programs over next 12 months: 3 candidates, 2 modalities, 3 indications, 2 clinical trials.

Positive Phase 1 clinical data. Breast cancer vaccine: 75% of women showed immune responses with responses observed at all dose levels. Ovarian cancer immunotherapy: no dose-limiting toxicities observed in 1st cohort.

Strong financial profile. Capital-efficient, low-cost business model with research support from key partners. ~$5-6M annual cash burn since 2017. Cash and equivalents of $24M and $0 debt (10/31/23).

Clean capital structure. 31M common shares outstanding, no preferred shares, and no warrants.

High-value partnerships. Licensing, funding, and collaboration with top-tier, world- renowned research organizations and institutions.

Significant TAM opportunity. ~3.8M breast cancer survivors1. ~230,000 women living with ovarian cancer1. All women potentially eligible for vaccines: ~168M in the U.S. alone.

Proven management and board. Decades of success in starting, building, managing, and investing in technology-related companies. Scientific advisory from renowned doctors in oncology research.

Consistent Insider Buying. Consistent stock purchases by CEO and Board insiders.

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The Company’s vaccine portfolio includes a novel vaccine being developed in collaboration with Cleveland Clinic to prevent breast cancer – specifically triple-negative breast cancer (TNBC), the most lethal form of the disease – as well as a vaccine to prevent ovarian cancer.

These vaccine technologies focus on immunizing against “retired” proteins that are expressed in certain forms of cancer.

THE CAR-T METHOD:

The exciting field known as immunotherapy has enabled the development of drugs that modulate the immune system to battle cancer.We know that our bodies, through the function of our immune systems, are able to “cure” cancer. It is now known that some number of cells in our bodies are becoming cancerous all the time. These transformations are driven by many factors including genetics and environment.

Most of the time without us being consciously aware, these cells are destroyed and cleared by our immune system. As our immune function declines with age, some cells are able to survive and eventually become tumors, either liquid or solid. We also know that the tumors themselves have developed mechanisms to suppress immune cell function. Such is the case with pediatric tumors as well adult cancers.

Considering this understanding, the field of immunotherapy tries to boost the ability of our immune cells to battle the cancer. There are a number of methods that scientists have devised to induce our immune systems to battle cancer. One of those approaches is known a Chimeric Antigen Receptor T-cell technology, better known by the acronym, CAR-T.

CAR-T therapy is a treatment where a patient’s T-cells, a type of immune cell, are removed from the body. These cells are then modified in a laboratory through the advanced techniques of genetic engineering, and increased in number, and then infused back into the patient. In many ways, this is the ultimate personalized medicine. The specific genetic engineering is what makes the patient’s own T-cells even more powerful as a tumor fighter. This genetic engineering causes a special receptor to be present on the surface of the T-cell. This receptor is known as the CAR—the Chimeric Antigen Receptor.

The pharmaceutical industry continues to be a hotbed of innovation and CAR-T cell-based compositions are a key innovation area in immuno-oncology!

CAR-T THERAPY FOR OVARIAN CANCER:

The markets for solid tumors are much larger than the markets for leukemias and lymphomas, especially B-cell cancers. Therefore, ANIXfeels that the scope of opportunities for its CAR- T therapy is very large should the company demonstrate efficacy in solid tumors.

ANIX’S FIRST INDICATION WILL BE OVARIAN CANCER, FOLLOWED BY OTHER TUMOR TYPES.

• ↪Ovarian cancer is the sixth most common cancer in the world, and one of the most aggressive reproductive cancers among women. Most ovarian cancers are diagnosed at late stages (stage 3 or 4) due to the typical absence of symptoms and lack of screening approaches.
• ↪Late-stage diagnosis results in relatively high risks of recurrence and often poor prognosis. While the five-year survival rate for stage 1 ovarian cancer is over 80%, the corresponding survival rate for Stage 4 cancer is 20%. Worldwide, over 200,000 cases of ovarian cancer are diagnosed annually.

THE FIRST POTENTIAL ANTI-ANGIOGENIC CAR-T THERAPY:

ANIX has an exclusive worldwide license from The Wistar Institute.

The company believes its CER-T approach will work in solid tumors, especially ovarian cancer, where others have failed.

• ↪FSHR is a unique target
• ↪FSH is a natural ligand (not synthetic)
• ↪The company’s approach may provide anti-angiogenic synergy
• ↪The company’s CAR-T may execute a dual mechanism of action in destroying the tumor

PREVIOUS CHALLENGES:

• ↪The CAR-T cells may not br susceptible to the highly suppressive tumor microenvironment
• ↪As the CAR-T cells are destroying vasculature, they make it leakier, enabling simultaneous, localized delivery of oher agents including chemotherapy
• ↪CAR-T mediated cell death may be more powerful than ther anti-angiogensis drugs

COLLABORATORS INCLUDE:

MOFFITT CANCER CENTER:

Moffitt is dedicated to one lifesaving mission: to contribute to the prevention and cure of cancer. The Tampa-based facility is one of only 49 National Cancer Institute-designated Comprehensive Cancer Centers, a distinction that recognizes Moffitt’s scientific excellence, multidisciplinary research, and robust training and education. Moffitt is a Top 10 cancer hospital and has been nationally ranked by U.S. News & World Report since 1999.

THE WISTAR INSTITUTE CANCER CENTER:

Founded in 1892 as the nation’s first independent biomedical research institute and located on the campus of the University of Pennsylvania, Wistar is an international leader in the biomedical research fields of cancer, immunology and infectious diseases, a National Cancer Institute (NCI)-designated Cancer Center, and part of the NCI’s select network of national cancer research centers, holding an ‘Exceptional’ rating — the highest possible ranking awarded.

We’re happy to announce that after reviewing the positive safety data from the first dose cohort in our #CARTcell #ovariancancer #clinicaltrial, we will now begin treating patients at the next higher dose level. Learn more here: https://t.co/oHexySPTqE pic.twitter.com/nPqTKnZHRM

— Anixa Biosciences (@AnixaBio) October 13, 2023

CANCER VACCINES:

Vaccines harness the immune system to keep people safe from infectious diseases. Thanks to broad-based vaccination programs, some of the most terrifying diseases in history, small pox and polio among them, have been eliminated from existence.

Unfortunately, there’s been little success in developing a preventative (prophylactic) vaccine against cancer.

Most vaccines attack pathogens, such as viruses and bacteria. The immune system is better able to assail these agents because they come from outside the body. Cancer, however, is a different matter. The disease is caused by aberrant cells that arise out of our resident cells. That can make it difficult for our immune system to find the diseased cells, especially as advancing age weakens our immune system. Once these aberrant cells gain critical mass, they become cancer.

Despite the lack of success with cancer vaccines, recently gained knowledge about the human immune system has led to the development, approval and commercialization of revolutionary immuno-therapy drugs. These drugs do not attack cancer directly, but rather modulate the immune system in ways that enable it to destroy or dramatically impair cancer cells.

Imagine if we could train the immune system to kill cancer cells as they arise before they form into tumors. Perhaps, we could eliminate the onset of cancer. The difficulty has been to identify an agent that allows the immune system to target malignant cells without harming healthy tissue.

• ↪Cleveland Clinic researchers have identified a protein called alpha-lactalbumin that is present in healthy breast tissue only when a woman is lactating and disappears when she stops nursing her child. Alpha-lactalbumin is never present on any other cell in the body. However, it does show up in many types of breast cancer, including an aggressive and deadly form of the disease known as Triple Negative Breast Cancer (TNBC).
• ↪In addition, Cleveland Clinic researchers have identified that the extracellular domain of anti-Mullerian hormone receptor II (AMHR2-ED) is expressed in normal ovaries, and nowhere else in the body, with this expression ceasing after menopause. However, this protein is also expressed in cancerous ovary cells.
• ↪Cleveland Clinic, has received an “Intention to Grant” notice from the European Patent Office (“EPO”) for the patent application titled “Ovarian Cancer Vaccines.”

BY DEVELOPING VACCINES THAT TARGET ALPHA-LACTALBUMIN AND AMHR2-ED, ANIX FEELS THE IMMUNE SYSTEM CAN DESTROY BREAST CANCER CELLS AND OVARIAN CANCER CELLS, RESPECTIVELY, AS THEY ARISE AND ULTIMATELY PREVENT TUMORS FROM FORMING!

Anixa’s ovarian cancer vaccine targets the extracellular domain of anti-Müllerian hormone receptor 2 (AMHR2-ED), which is expressed in the ovaries but disappears as a woman reaches and advances through menopause. However, AMHR2-ED is expressed again in the majority of ovarian cancers.

THE MARKET FOR PROPHYLACTIC CANCER VACCINES IS SIZABLE, BIGGER IN FACT THAN THE MARKET FOR ANY TYPE OF CANCER THERAPEUTIC. AFTER ALL, DOCTORS ADMINISTER CANCER DRUGS ONLY AFTER A PATIENT HAS BEEN DIAGNOSED, WHILE A VACCINE CAN BE ADMINISTERED TO A FAR WIDER POPULATION.

BREAST CANCER:

In the U.S., nearly 300,000 women are expected to be diagnosed with breast cancer this year.

OVARIAN CANCER:

Ovarian cancer is the sixth most common cancer in the world, and one of the most aggressive reproductive cancers among women. Most ovarian cancers are diagnosed at late stages (stage 3 or 4) due to the typical absence of symptoms and lack of screening approaches. Worldwide, over 200,000 cases of ovarian cancer are diagnosed annually.

PHASE 1 TRIAL FOR BREAST CANCER VACCINE: CONDUCTED BY CLEVELAND CLINIC, FUNDED BY U.S. DEPARTMENT OF DEFENSE (DOD)

AN OPEN-LABEL PHASE 1 DOSE-ESCALATION TRIAL

DESIGN

Participants will receive three vaccinations, each two weeks apart, and will be closely monitored for side effects and immune response

PHASE 1A
(IN PROGRESS)

• ↪18-24 Patients who have been treated for TNBC
• ↪Safety will be monitored
• ↪Immune Response will be monitored
• ↪Maximum Tolerated Dose (“MTD”) determined

PHASE 1B
(ENROLLMENT OPEN)

• ↪Healthy women w/mutations
• ↪Chosen to undergo prophylactic mastectomy
• ↪Vaccinate before surgery and evaluate immune response and resected tissue
• ↪Unique opportunity to garner supplemental data after studying breast tissue to determine if T cells are surveilling the tissue without any visible cancer tumors

PHASE 1C
(ENROLLMENT OPEN)

• ↪Additional cohort combining vaccine with Keytruda
• ↪Patients treated for TNBC
• ↪Combine Keytruda w/ vaccine to evaluate if there is synergy

POSITIVE CLINICAL RESULTS AS OF APRIL 2023:

• ↪Enrollment of women who have had TNBC and have undergone standard of care, but are at risk of recurrence
• ↪42% of TNBC survivors will relapse within 5 years
• ↪MTD reached in Q4 2022 § Data from all vaccinated women tested to date presented at AACR in April 2023
• ↪16 patients dosed through July 2023
• ↪No safety concerns
• ↪Immune responses observed at all dose levels
• ↪All patients had some immune response
• ↪Intensity of responses varied with patients

IN SUMMARY…

One of the most aggressive and difficult-to-treat ailments, cancer is a disease that involves the uncontrolled division and growth of malignant cells.The goal to prevent the disease or eradicate it has been monumental in big pharma for decades.

With multiple catalysts over the next 12 months across its clinical pipeline, now is a pivotal time to have Anixa Biosciences, Inc. (NASDAQ: ANIX) on your radar. The company has 2 clinical trials in progress, showing positive results!

ANIX highlights:

• ↪A low-cost business model
• ↪Developing programs with partners
• ↪Leveraging existing infrastructure of partners
• ↪Maintaining low overhead and cash burn
• ↪Potential to out-license programs to pharma for late stage clinical development and commercialization

NEWS

Anixa Biosciences Welcomes Celebrity Oncologist Dr. Sanjay Juneja to its Cancer Business Advisory Board

APRIL 18, 2024

Anixa Biosciences 2024 Annual Meeting of Stockholders to Include Investor Presentation Open to All Interested Parties

MARCH 14, 2024

Anixa Biosciences Announces Presentation at 24th Annual World Vaccine Congress

MARCH 11, 2024

Anixa Biosciences Initiates Dosing in Second Cohort of Ovarian Cancer CAR-T Clinical Trial

FEBRUARY 12, 2024

Anixa Biosciences Announces Participation in 2024 NeauxCancer Oncology Conference

JANUARY 29, 2024

Anixa Biosciences Announces Japanese Patent on Ovarian Cancer Vaccine Technology

JANUARY 23, 2024

Anixa Biosciences to Present at Sidoti Micro-Cap Virtual Conference on January 17, 2024

JANUARY 10, 2024

Anixa Biosciences to Present at Biotech Showcase 2024

DECEMBER 14, 2023

Anixa Biosciences and Cleveland Clinic Present Positive New Data from Phase 1 Study of Breast Cancer Vaccine

DECEMBER 6, 2023

Anixa Biosciences to Host Conference Call This Evening to Discuss Positive New Data from Ongoing Phase 1 Study of Breast Cancer Vaccine

DECEMBER 6, 2023

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MANAGEMENT TEAM

AMIT KUMAR, PH.D.

Chairman & Chief Executive OfficerDr. Kumar has been an investor, founder, director and CEO of several technology enterprises, both public and private. As CEO, he took CombiMatrix Corporation public and ran it for a decade while listed on the NASDAQ Global Market. He has worked in venture capital with OAK Investment Partners, and has been an advisor to investment funds, venture capital firms, and Fortune 500 companies. He was on the Board of Directors of Acacia Research Corporation from 2002-2008. Dr. Kumar is currently Chairman and CEO of Anixa Biosciences and he sits on the Board of other public and private companies. He has served on the Board of the American Cancer Society since 2016. He received his AB in Chemistry from Occidental College. After graduate studies at Stanford University and Caltech, he received his Ph.D. from Caltech and followed that with a post-doctoral fellowship at Harvard.

MICHAEL CATELANI

President, COO & CFOMr. Catelani is a seasoned executive with over 30 years of finance and operations management experience. He currently serves as President, Chief Operation Officer & Chief Financial Officer of Anixa Biosciences. Previously, Mike cofounded Tacere Therapeutics, Inc., a privately held biotech company, and served as its Chairman, President & Chief Financial Officer until its sale. Prior to Tacere, Mike served on the Board of Directors and was the Chief Financial Officer of Benitec Biopharma Limited, an Australian Stock Exchange-listed biotech company. Mike was Vice President and Chief Financial Officer at Axon Instruments, a leading designer and manufacturer of instrumentation and software systems for biotechnology and diagnostics research. Axon was a U.S. corporation publicly traded on the Australian Stock Exchange. Previously, he was the Vice President of Finance for Media Arts Group, Inc., an NYSE-listed company. Mike has also worked with several early-stage start-ups in a variety of industries, including biotechnology, cleantech  and retail, in both advisory and management roles and has served as a contract CFO for a number of established businesses in the biotech field. Mike began his professional career at Ernst & Young and is a CPA (Inactive). He received his BS degree in business administration, with a concentration in accountancy from Sacramento State University and earned his MBA from the University of California, Davis.

PAMELA D. GARZONE, PH.D.

Chief Development OfficerDr. Garzone is a senior pharmaceutical executive with over 25 years of diverse experience in the industry and is recognized for her strategic, scientific, clinical and regulatory leadership in drug development. Prior to joining Anixa, Dr. Garzone held executive roles in clinical development with several companies, including Calibr, a division of the Scripps Research Institute, and Pfizer. She previously held positions of increasing responsibility at companies such as Elan Pharmaceuticals and Genetics Institute, starting her industry career at Genentech. Prior to her industry experience, she was an Assistant Professor, Pharmacy and Therapeutics at the University of Pittsburgh School of Pharmacy. She earned a B.S. degree in Pharmacy from Purdue University and an M.S. in Pharmacy Practice from the University of Pittsburgh. She received her Ph.D. in Clinical Science from the University of Pittsburgh.

SINCERELY,

DISCLAIMER

THIS WEBSITE/NEWSLETTER IS OWNED SUBSIDIARY BY DEDICATED INVESTORS, LLC.

OUR REPORTS/RELEASES ARE A COMMERCIAL ADVERTISEMENT AND ARE FOR GENERAL INFORMATION PURPOSES ONLY. WE ARE ENGAGED IN THE BUSINESS OF MARKETING AND ADVERTISING COMPANIES FOR MONETARY COMPENSATION. WE HAVE BEEN COMPENSATED A FEE OF SEVEN THOUSAND FIVE HUNDRED USD BY SICA MEDIA LLC FOR A ONE DAY ANIX AWARENESS CAMPAIGN. NEVER INVEST IN ANY STOCK FEATURED ON OUR SITE OR EMAILS UNLESS YOU CAN AFFORD TO LOSE YOUR ENTIRE INVESTMENT. THE DISCLAIMER IS TO BE READ AND FULLY UNDERSTOOD BEFORE USING OUR SERVICES, JOINING OUR SITE OR OUR EMAIL/BLOG LIST AS WELL AS ANY SOCIAL NETWORKING PLATFORMS WE MAY USE.PLEASE NOTE WELL: DEDICATED INVESTORS LLC AND ITS EMPLOYEES ARE NOT A REGISTERED INVESTMENT ADVISOR, BROKER DEALER OR A MEMBER OF ANY ASSOCIATION FOR OTHER RESEARCH PROVIDERS IN ANY JURISDICTION WHATSOEVER.RELEASE OF LIABILITY: THROUGH USE OF THIS WEBSITE VIEWING OR USING YOU AGREE TO HOLD DEDICATED INVESTORS LLC, ITS OPERATORS OWNERS AND EMPLOYEES HARMLESS AND TO COMPLETELY RELEASE THEM FROM ANY AND ALL LIABILITY DUE TO ANY AND ALL LOSS (MONETARY OR OTHERWISE), DAMAGE (MONETARY OR OTHERWISE), OR INJURY (MONETARY OR OTHERWISE) THAT YOU MAY INCUR. THE INFORMATION CONTAINED HEREIN IS BASED ON SOURCES WHICH WE BELIEVE TO BE RELIABLE BUT IS NOT GUARANTEED BY US AS BEING ACCURATE AND DOES NOT PURPORT TO BE A COMPLETE STATEMENT OR SUMMARY OF THE AVAILABLE DATA. DEDICATED INVESTORS LLC ENCOURAGES READERS AND INVESTORS TO SUPPLEMENT THE INFORMATION IN THESE REPORTS WITH INDEPENDENT RESEARCH AND OTHER PROFESSIONAL ADVICE. ALL INFORMATION ON FEATURED COMPANIES IS PROVIDED BY THE COMPANIES PROFILED, OR IS AVAILABLE FROM PUBLIC SOURCES AND DEDICATED INVESTORS LLC MAKES NO REPRESENTATIONS, WARRANTIES OR GUARANTEES AS TO THE ACCURACY OR COMPLETENESS OF THE DISCLOSURE BY THE PROFILED COMPANIES. NONE OF THE MATERIALS OR ADVERTISEMENTS HEREIN CONSTITUTE OFFERS OR SOLICITATIONS TO PURCHASE OR SELL SECURITIES OF THE COMPANIES PROFILED HEREIN AND ANY DECISION TO INVEST IN ANY SUCH COMPANY OR OTHER FINANCIAL DECISIONS SHOULD NOT BE MADE BASED UPON THE INFORMATION PROVIDED HEREIN. INSTEAD DEDICATED INVESTORS LLC STRONGLY URGES YOU CONDUCT A COMPLETE AND INDEPENDENT INVESTIGATION OF THE RESPECTIVE COMPANIES AND CONSIDERATION OF ALL PERTINENT RISKS. 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IN PREPARING THIS PUBLICATION, DEDICATED INVESTORS LLC HAS RELIED UPON INFORMATION SUPPLIED BY ITS CUSTOMERS, PUBLICLY AVAILABLE INFORMATION AND PRESS RELEASES WHICH IT BELIEVES TO BE RELIABLE; HOWEVER, SUCH RELIABILITY CANNOT BE GUARANTEED. INVESTORS SHOULD NOT RELY ON THE INFORMATION CONTAINED IN THIS WEBSITE. RATHER, INVESTORS SHOULD USE THE INFORMATION CONTAINED IN THIS WEBSITE AS A STARTING POINT FOR DOING ADDITIONAL INDEPENDENT RESEARCH ON THE FEATURED COMPANIES. DEDICATED INVESTORS LLC HAS NOT BEEN COMPENSATED FOR THIS EMAIL. THE ADVERTISEMENTS IN THIS WEBSITE ARE BELIEVED TO BE RELIABLE, HOWEVER, DEDICATED INVESTORS LLC AND ITS OWNERS, AFFILIATES, SUBSIDIARIES, OFFICERS, DIRECTORS, REPRESENTATIVES AND AGENTS DISCLAIM ANY LIABILITY AS TO THE COMPLETENESS OR ACCURACY OF THE INFORMATION CONTAINED IN ANY ADVERTISEMENT AND FOR ANY OMISSIONS OF MATERIALS FACTS FROM SUCH ADVERTISEMENT. DEDICATED INVESTORS LLC IS NOT RESPONSIBLE FOR ANY CLAIMS MADE BY THE COMPANIES ADVERTISED HEREIN, NOR IS DEDICATED INVESTORS LLC RESPONSIBLE FOR ANY OTHER PROMOTIONAL FIRM, ITS PROGRAM OR ITS STRUCTURE. DEDICATED INVESTORS LLC IS NOT AFFILIATED WITH ANY EXCHANGE, ELECTRONIC QUOTATION SYSTEM, THE SECURITIES EXCHANGE COMMISSION OR FINRA.

NASDAQ: HUGE – CSE: HUGE – FRA: 0K9A

Their first product is a patented, innovative oral ethical drug treatment for Multiple Sclerosis (MS) slated to commence Phase II clinical trials in 2H24

Their second product is slated for commercial launch in 1Q24 and is a proprietary functional beverage formulation designed to quickly relieve individuals from the effects of alcohol consumption

Read the Investor Presentation HERE

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‍Hello Everyone,

We have another brand new profile for you to research immediately for Thursday’s session.

Pull up HUGE and get it on your radar immediately.

You will want to research this one right away!

FSD Pharma is a biopharmaceutical company dedicated to building a portfolio of innovative assets and biotech solutions for the treatment of challenging neurodegenerative and metabolic disorders and alcohol misuse disorders with drug candidates in different stages of development. Through its wholly-owned subsidiary, Lucid Psycheceuticals Inc. (“Lucid“), FSD is focused on the research and development of its lead compound, Lucid-MS (formerly Lucid-21-302) (“Lucid-MS“). Lucid-MS is a patented new chemical entity shown to prevent and reverse myelin degradation, the underlying mechanism of multiple sclerosis, in preclinical models. FSD Pharma has also licensed unbuzzd™, a proprietary formulation of natural ingredients, vitamins, and minerals to help with liver and brain function for the purposes of quickly relieving individuals from the effects of alcohol consumption for use in the consumer recreational sector, to Celly Nutrition Corp. (“Celly Nu“) and is entitled to a royalty on the revenue generated by Celly Nu from sales of products created using the technology rights granted under the licensing agreement. FSD Pharma continues its R&D activities to develop novel formulations for alcohol misuse disorders and continues the development of such treatments for use in the healthcare sector. FSD maintains a portfolio of strategic investments through its wholly-owned subsidiary, FSD Strategic Investments Inc., which represent loans secured by residential or commercial property.

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The two lead product candidates in HUGE’s two business lines, which represent unmet needs, are poised to achieve substantial growth and market penetration. HUGE will commence commercialization in early 2024 in one business line and launch a 2H24 Phase II clinical trial in the other.

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Its lead biopharmaceutical candidate to treat MS, Lucid-MS, has generated encouraging interim data results in its Phase I clinical trial. Given unique characteristics such as mechanism of action, and the ability to potentially reduce myelin degradation, the orally administered Lucid-MS could ultimately receive FDA approval in 2027.

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UNBUZZD™ is a new functional beverage that seeks, for the first time, to provide relief from inebriation and truly accelerate alcohol metabolism. This leads to reduced Breath Alcohol Concentration (BrAC) and a faster path to sobriety. Sales are set to occur in 1Q24.

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UNBUZZD™’s parent, Celly Nutrition, 35% owned by HUGE, is led by superstars in the consumer space, specifically the functional beverage industry.

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UNBUZZD™ could be the elixir society has been seeking to reduce the effects of alcohol assumptions. This new functional beverage seeks to provide relief from inebriation and accelerate alcohol metabolism leading to reduced Breath Alcohol Concentration (BrAC) and a faster path to sobriety. The active ingredients in UNBUZZD™’s proprietary natural ingredients-based formula helps restore mental alertness post- alcohol consumption in an average of about 15-30 minutes. Small focus group research indicates UNBUZZD™ reduced BrAC faster than what the body would do naturally. Clinical trials are being planned for further validation.A plethora of statistics exists regarding alcohol consumption, high intensity drinking, and binge drinking. Recent data from the US Department of Health & Human Services indicates that People experiencing high intensity drinking were 70x more likely to have an alcohol-related Emergency Room (ER) visit compared to people that don’t binge drink. Unfortunately, time-honored methods and customs for reaching sobriety faster are just bunk as only “time” can truly allow the liver to filter blood and process alcohol, and the time is a bit different for each person. With UNBUZZD™, the “time hurdle” appears to have been overcome.Clearly, this consumer product could prove to be a revolutionary, widely available offering that an entire spectrum of retail and online outlets, potential clinical trial success could lead UNBUZZD™ to be “on the shelves” in emergency rooms across the US.

FSD Pharma Provides Another Update on Celly Nu’s Anticipated Launch of unbuzzd(TM)

TORONTO, ON / ACCESSWIRE / April 22, 2024 / FSD Pharma Inc. (NASDAQ:HUGE)(CSE:HUGE)(FRA:0K9A) (“FSD Pharma”), provides an update by way of a news release issued by Celly Nutrition Corp. (“Celly Nu”), and its launching of unbuzzd™, an innovative beverage product that is scientifically formulated from a proprietary blend of vitamins, minerals and botanical extracts designed to support the body’s natural processes for metabolizing alcohol and promoting alertness.

On April 22, 2024, Celly Nu announced a strategic partnership with BevSource, a leading provider of beverage development, production and operations solutions in St. Paul, Minnesota as follows:

Toronto, Ontario, April 22, 2024 – In a strategic move in preparation of the launch in the United States of its scientifically formulated dietary supplement, unbuzzd™, Celly Nutrition Corp. (“Celly Nu”) is excited to announce its collaboration with BevSource, a leading provider of beverage development, production and operations solutions located in St. Paul, Minnesota.

This partnership will assist with the production and distribution process of unbuzzd™, including Commercial Formulation Consultation, Contract Packaging Solutions, Ingredient Procurement, Commercialization Strategies, Initial Production Oversight, and Fulfillment Center Coordination for both the 12oz Sleek Can and Ready-to-Mix Powder Stick Packs formats.

BevSource brings to the table an impressive history of collaboration with distinguished brands such as Celsius, Kill Cliff, and WG Brewing Company, making them an ideal partner for Celly Nutrition in this venture.

unbuzzd™ is a proprietary blend of vitamins, minerals and botanical extracts designed to support the body’s natural processes for metabolizing alcohol and promoting alertness.

The coming launch of unbuzzd™ is being driven by the executive guidance of beverage industry luminaries like Gerry David, the former Chief Executive Officer at Celsius Holdings, Inc., where he helped build the foundation to what is today one of the most successful beverages over the past decade. In addition, John Duffy, a seasoned executive with an extensive background at Coca-Cola Enterprises and The Coca-Cola Company is leading the charge as CEO. They are supported by Kevin Harrington(known as the Inventor of the Infomercial, the Original Shark on Shark Tank, and the As Seen on TV Pioneer).

John Duffy, CEO of Celly Nutrition Corp., expresses his enthusiasm about the partnership: “This agreement is a major milestone for our company and a critical step in the process of bringing unbuzzd™ to consumers across the USA this year and eventually North America. I am excited to be on this journey with proven partners like BevSource who from very early stages have supported what became some of the most iconic brands in our industry including Celsius”.

FSD Pharma Provides Update on its Investment in Celly Nutrition Corp., a Company Launching a Product that can assist in Expediting Alcohol Metabolism and Faster Recovery from Alcohol Consumption

TORONTO, ON / ACCESSWIRE / April 15, 2024 / FSD Pharma Inc. (NASDAQ:HUGE)(CSE:HUGE)(FRA:0K9A) (“FSD Pharma”), provides an update on its investment in Celly Nutrition Corp. (“Celly Nu”), a privately held Canadian company launching an innovative beverage product that can assist in Expediting Alcohol Metabolism and Faster Recovery from Alcohol Consumption.

On April 8, 2024, Celly Nu announced an investment by FSD complete press release is referenced below;

Toronto, Ontario–(Newsfile Corp. – April 8, 2024) – Celly Nutrition Corp. (“Celly Nu” or the “Company”), announced today that it has entered into a loan amending agreement (the “Agreement”) in connection with the senior secured term loan made by FSD Pharma Inc. (“FSD Pharma”) to Celly Nu, as previously announced on their joint press release dated November 30, 2023 (the “Term Loan”), to increase the principal of the Term Loan by $300,000 to $1,300,000.

Pursuant to the Agreement, the interest payment due on the first annual anniversary of the Term Loan will be deferred and become payable together with the interest payment due on the second annual anniversary of the Term Loan. Celly Nu will continue to make interest payments as required by the original loan agreement, as amended, in respect of the Term Loan, and will provide FSD Pharma the option to convert any amounts outstanding (inclusive of interest) into common shares of Celly Nu upon the occurrence of an event of default under the Agreement. The Term Loan continues to bear interest at 10% per annum payable on each anniversary and expires July 31, 2026.

John Duffy, CEO of Celly Nutrition Corp., expressed his appreciation for the continued confidence demonstrated by FSD Pharma: “This expanded loan agreement is one more step by Celly Nu and FSD Pharma in bringing this innovative new product to market across North America.” Proceeds from this Term Loan will be used towards unbuzzd™ product manufacturing which will be released later this summer. unbuzzd™ is Celly Nutrition’s innovative contribution to the wellness and recovery supplement market. This scientifically formulated blend of vitamins, minerals, and herbs is engineered to enhance mental alertness, expedite alcohol metabolism, and facilitate rapid recovery from alcohol consumption, empowering individuals to “own now and what’s next.”

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NEWS

PUBLISHED

2 DAYS AGO

FSD Pharma Provides Another Update on Celly Nu’s Anticipated Launch of unbuzzd(TM)

PUBLISHED

APR 17, 2024

FSD Pharma Expands Investigative Pipeline to Include Potential Weight Loss and Liver Health Formulations and Products

PUBLISHED

APR 15, 2024

FSD Pharma Provides Update on its Investment in Celly Nutrition Corp., a Company Launching a Product that can assist in Expediting Alcohol Metabolism and Faster Recovery from Alcohol Consumption

PUBLISHED

APR 8, 2024

Celly Announces Increase of Term Loan

PUBLISHED

APR 7, 2024

FSD Pharma Inc. Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency

PUBLISHED

APR 1, 2024

FSD Pharma Announces Filing of Year-End 2023 Results

PUBLISHED

MAR 27, 2024

FSD Pharma Signs the Agreement With iNGENu CRO To Conduct a Clinical Study To Assess the Safety and Pharmacokinetics of Multiple Ascending Doses of Lucid-21-302 (Lucid-MS) in Healthy Adults

PUBLISHED

MAR 11, 2024

FSD Pharma Submits a Phase-1b Clinical Trial Application for Ethics Committee for its Proprietary Beverage unbuzzd(TM)

PUBLISHED

MAR 5, 2024

FSD Pharma Presents Positive Results on First-In-Human Phase-1 study of Lucid-21-302 (Lucid-MS) at Americas Committee for Treatment and Research in Multiple Sclerosis (ACTRIMS) 2024 Forum

PUBLISHED

FEB 28, 2024

FSD Pharma Announces Debt Settlement

PUBLISHED

FEB 26, 2024

FSD Pharma Signs Agreement With Ingenu CRO to Conduct a Clinical Trial To Determine the Safety and Efficacy Effects of its Proprietary Blend Beverage unbuzzd(TM)

PUBLISHED

FEB 16, 2024

FSD Pharma Announces US ATM Offering

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MANAGEMENT TEAM

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Zeeshan Saeed

Founder, CEO & Executive Co-Chairman of the Board

Mr. Saeed is the “S” in FSD. Mr. Saeed started as a partner in FSD when it was just a business plan on paper. He was instrumental in raising the initial seed capital and assisted FSD’s transition into a public company. He played a key role in bringing together a team of professionals to facilitate crucial relationships and develop the Company’s business plan.

Prior to founding the Company, Mr. Saeed served as President of ZZ Telecommunications Inc., a long-distance telecommunications common carrier. He has experience in international capital markets and has helped various start-ups with raising initial funding and obtaining listings on various stock exchanges. Before entering capital markets, Mr. Saeed was the founder and Chief Executive Officer of Platinum Telecommunications Inc. He has a Bachelor of Science in Mechanical Engineering.

Anthony Durkacz

Founder, Executive Co-Chairman of the Board

Mr. Durkacz is the “D” in FSD. Mr. Durkacz has served as a director and the Executive Vice-President of First Republic Capital Corporation since 2014. Prior to co-founding the Company, Mr. Durkacz was President of Capital Ideas Investor Relations.

He previously served as the Chief Financial Officer and a director of Snipp Interactive Inc., a global marketing solutions company that provides a modular software-as-a-service technology suite. Mr. Durkacz was instrumental in the financing and public listing of Snipp Interactive Inc. with operations in Canada, the United States of America, Mexico and India. From 2006 to 2009, he served as Chief Operating Officer and Chief Financial Officer of MKU Canada Inc. and engaged in mergers and acquisitions of companies around the world. Mr. Durkacz also served as the Chief Financial Officer and a director of Astris Energi Inc., a dual-listed public company in the United States and Canada which was acquired by an international conglomerate. Mr. Durkacz began his career at TD Securities on the capital markets trading floor. He holds an Honours Bachelor of Business Administration from Brock University with a major in both Accounting and Finance.

Dr. Lakshmi P. Kotra, B.Pharm.(Hons), PhD

Director CEO Lucid Psycheceuticals, President FSD Biosciences, CEO FSD Pharma Australia Pty Ltd (subs of FSD Pharma)

Dr. Lakshmi Kotra received his Ph.D. in Pharmacy (Medicinal Chemistry) from the University of Georgia under Prof. David Chu’s supervision, and completed postdoctoral training at Wayne State University under Prof. Shahriar Mobashery’s supervision. He joined the Faculty of Pharmacy, University of Toronto in 2000, and University Health Network in 2006, where he led a very active research group and drug discovery program with multiple portfolios.

An academic entrepreneur, Dr. Kotra has contributed to a number of important drug discovery and development projects, including metabolic disorders, neurodegenerative and immunological disorders, anti-HIV drugs, antibacterials, and antimalarials. He has authored/co-authored over 130 publications and delivered over 140 scientific talks internationally. Dr. Kotra is the recipient of several awards for his accomplishments, including the Julia Levy Award in 2021 from the Society of Chemical Industry (SCI) Canada in recognition of his substantial contribution to the successful commercialization of innovation in Canada in the field of biomedical science and engineering. In addition to Lucid Psycheceuticals, he co-founded WinSanTor Biosciences, a San Diego, CA-based company developing treatments for peripheral neuropathies, and CannScience Innovations (Scientus Pharma), a Toronto, ON-based company focused on medical cannabis and cannabinoids. Dr. Kotra served as the CEO of Lucid Psycheceuticals since 2020, which was acquired by FSD Pharma in 2021. Dr. Kotra transcends early and clinical development incorporating commercial and regulatory vision for efficient drug development and commercialization with solid leadership.

Dr. Eric Hoskins

Director, Ex-Minister of Health

Dr. Eric Hoskins is a medical doctor and public health expert with more than 30 years’ experience in healthcare, public policy, economic development and international trade. Dr. Hoskins recently served as the Chair of the Federal Advisory Council on the Implementation of National Pharmacare.

He previously served as president of War Child Canada and was awarded the Order of Canada in 2007 for his humanitarian work. During Dr. Hoskins’ nearly 10 years as a member of provincial parliament in Ontario, he held several cabinet positions including Minister of Health and Long-Term Care; Economic Development, Trade and Employment; Children and Youth Services; as well as Citizenship and Immigration. As a tireless health advocate, Dr. Hoskins has many years experience creating and delivering health programs in Africa and the Middle East.

Dr. Sanjiv Chopra, MD

Director, Dean at Harvard University

Sanjiv Chopra, MD, is Professor of Medicine and served as Faculty Dean for Continu­ing Medical Education at Harvard Medical School for 12 years. He serves as a Marshall Wolf Distinguished Clinician Educator Brigham and Women’s Hospital.

Dr. Chopra has more than 170 publications and ten books to his credit. Dr. Chopra is Editor-in-Chief of the Hepatology Section of UpToDate, the most widely used electronic textbook in the world subscribed to by more than 1.5 million physicians in 195 countries.

He is a sought after inspirational speaker across the United States and abroad, addressing diverse audiences on topics related to medicine, leadership, happiness, and living with purpose.

Dr. Sanjiv Chopra’s recent literary contributions include three impactful books:

“Coffee: The Magical Elixir”
Uncover fascinating facts that will astound and perk you up.

“Conquer Your Diabetes: Prevention. Control. Remission”
Co-authored with Martin Abrahamson, this book delves into comprehensive strategies for managing diabetes.

“Ignite The Fire Within: Master Your Speaking and Writing”
Co-authored with Rick Najera, this book is a guide to mastering the art of speaking and writing, igniting the fire within for effective communication.

Mike (Zappy) Zapolin

Director

Zappy Zapolin is a well-known futurist, psychedelic concierge to the stars, and award-winning filmmaker who is dedicated to expanding human consciousness.

As the youngest Vice President in the history of investment bank Bear Stearns, Zappy is a frequent commentator on investment opportunities in the biotech and emerging psychedelic industry.

Adnan Bashir

Director

Mr. Bashir is one of the first investors of FSD Pharma. He brings a wealth of over 14 years of experience in strategic management and operations. In the last decade, Mr. Bashir was General Manager for Al Batha group, a diversified business conglomerate based in Dubai, UAE. Mr. Bashir was responsible for overseeing the management and operations of 4 companies within the group and was instrumental in acquiring and developing new businesses and partners from Europe, the US and China.

Mr. Bashir also has extensive experience in executing turnaround strategies, transforming weak businesses into sustainable and profitable ones, and implementing new technologies. Mr. Bashir holds a Bachelor of Science Degree in Mechanical Engineering from University of Engineering and Technology Lahore and has completed extensive executive education, including in strategic management, audit, sales management and technical management.

SINCERELY,

DISCLAIMER

THIS WEBSITE/NEWSLETTER IS OWNED SUBSIDIARY BY DEDICATED INVESTORS, LLC.

OUR REPORTS/RELEASES ARE A COMMERCIAL ADVERTISEMENT AND ARE FOR GENERAL INFORMATION PURPOSES ONLY. WE ARE ENGAGED IN THE BUSINESS OF MARKETING AND ADVERTISING COMPANIES FOR MONETARY COMPENSATION. WE HAVE BEEN COMPENSATED A FEE OF TEN THOUSAND USD BY AWARENESS CONSULTING NETWORK LLC FOR A ONE DAY HUGE AWARENESS CAMPAIGN. NEVER INVEST IN ANY STOCK FEATURED ON OUR SITE OR EMAILS UNLESS YOU CAN AFFORD TO LOSE YOUR ENTIRE INVESTMENT. THE DISCLAIMER IS TO BE READ AND FULLY UNDERSTOOD BEFORE USING OUR SERVICES, JOINING OUR SITE OR OUR EMAIL/BLOG LIST AS WELL AS ANY SOCIAL NETWORKING PLATFORMS WE MAY USE.PLEASE NOTE WELL: DEDICATED INVESTORS LLC AND ITS EMPLOYEES ARE NOT A REGISTERED INVESTMENT ADVISOR, BROKER DEALER OR A MEMBER OF ANY ASSOCIATION FOR OTHER RESEARCH PROVIDERS IN ANY JURISDICTION WHATSOEVER.RELEASE OF LIABILITY: THROUGH USE OF THIS WEBSITE VIEWING OR USING YOU AGREE TO HOLD DEDICATED INVESTORS LLC, ITS OPERATORS OWNERS AND EMPLOYEES HARMLESS AND TO COMPLETELY RELEASE THEM FROM ANY AND ALL LIABILITY DUE TO ANY AND ALL LOSS (MONETARY OR OTHERWISE), DAMAGE (MONETARY OR OTHERWISE), OR INJURY (MONETARY OR OTHERWISE) THAT YOU MAY INCUR. THE INFORMATION CONTAINED HEREIN IS BASED ON SOURCES WHICH WE BELIEVE TO BE RELIABLE BUT IS NOT GUARANTEED BY US AS BEING ACCURATE AND DOES NOT PURPORT TO BE A COMPLETE STATEMENT OR SUMMARY OF THE AVAILABLE DATA. DEDICATED INVESTORS LLC ENCOURAGES READERS AND INVESTORS TO SUPPLEMENT THE INFORMATION IN THESE REPORTS WITH INDEPENDENT RESEARCH AND OTHER PROFESSIONAL ADVICE. ALL INFORMATION ON FEATURED COMPANIES IS PROVIDED BY THE COMPANIES PROFILED, OR IS AVAILABLE FROM PUBLIC SOURCES AND DEDICATED INVESTORS LLC MAKES NO REPRESENTATIONS, WARRANTIES OR GUARANTEES AS TO THE ACCURACY OR COMPLETENESS OF THE DISCLOSURE BY THE PROFILED COMPANIES. NONE OF THE MATERIALS OR ADVERTISEMENTS HEREIN CONSTITUTE OFFERS OR SOLICITATIONS TO PURCHASE OR SELL SECURITIES OF THE COMPANIES PROFILED HEREIN AND ANY DECISION TO INVEST IN ANY SUCH COMPANY OR OTHER FINANCIAL DECISIONS SHOULD NOT BE MADE BASED UPON THE INFORMATION PROVIDED HEREIN. INSTEAD DEDICATED INVESTORS LLC STRONGLY URGES YOU CONDUCT A COMPLETE AND INDEPENDENT INVESTIGATION OF THE RESPECTIVE COMPANIES AND CONSIDERATION OF ALL PERTINENT RISKS. READERS ARE ADVISED TO REVIEW SEC PERIODIC REPORTS: FORMS 10-Q, 10K, FORM 8-K, INSIDER REPORTS, FORMS 3, 4, 5 SCHEDULE 13D.DEDICATED INVESTORS LLC IS COMPLIANT WITH THE CAN SPAM ACT OF 2003. DEDICATED INVESTORS LLC DOES NOT OFFER SUCH ADVICE OR ANALYSIS, AND DEDICATED INVESTORS LLC FURTHER URGES YOU TO CONSULT YOUR OWN INDEPENDENT TAX, BUSINESS, FINANCIAL AND INVESTMENT ADVISORS. INVESTING IN MICRO-CAP AND GROWTH SECURITIES IS HIGHLY SPECULATIVE AND CARRIES AND EXTREMELY HIGH DEGREE OF RISK. IT IS POSSIBLE THAT AN INVESTORS INVESTMENT MAY BE LOST OR IMPAIRED DUE TO THE SPECULATIVE NATURE OF THE COMPANIES PROFILED.THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 PROVIDES INVESTORS A SAFE HARBOR IN REGARD TO FORWARD-LOOKING STATEMENTS. ANY STATEMENTS THAT EXPRESS OR INVOLVE DISCUSSIONS WITH RESPECT TO PREDICTIONS, EXPECTATIONS, BELIEFS, PLANS, PROJECTIONS, OBJECTIVES, GOALS, ASSUMPTIONS OR FUTURE EVENTS OR PERFORMANCE ARE NOT STATEMENTS OF HISTORICAL FACT MAY BE FORWARD LOOKING STATEMENTS. FORWARD LOOKING STATEMENTS ARE BASED ON EXPECTATIONS, ESTIMATES, AND PROJECTIONS AT THE TIME THE STATEMENTS ARE MADE THAT INVOLVE A NUMBER OF RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS OR EVENTS TO DIFFER MATERIALLY FROM THOSE PRESENTLY ANTICIPATED. FORWARD LOOKING STATEMENTS IN THIS ACTION MAY BE IDENTIFIED THROUGH USE OF WORDS SUCH AS PROJECTS, FORESEE, EXPECTS, WILL, ANTICIPATES, ESTIMATES, BELIEVES, UNDERSTANDS, OR THAT BY STATEMENTS INDICATING CERTAIN ACTIONS & QUOTE; MAY, COULD, OR MIGHT OCCUR. UNDERSTAND THERE IS NO GUARANTEE PAST PERFORMANCE WILL BE INDICATIVE OF FUTURE RESULTS. IN PREPARING THIS PUBLICATION, DEDICATED INVESTORS LLC HAS RELIED UPON INFORMATION SUPPLIED BY ITS CUSTOMERS, PUBLICLY AVAILABLE INFORMATION AND PRESS RELEASES WHICH IT BELIEVES TO BE RELIABLE; HOWEVER, SUCH RELIABILITY CANNOT BE GUARANTEED. INVESTORS SHOULD NOT RELY ON THE INFORMATION CONTAINED IN THIS WEBSITE. RATHER, INVESTORS SHOULD USE THE INFORMATION CONTAINED IN THIS WEBSITE AS A STARTING POINT FOR DOING ADDITIONAL INDEPENDENT RESEARCH ON THE FEATURED COMPANIES. DEDICATED INVESTORS LLC HAS NOT BEEN COMPENSATED FOR THIS EMAIL. THE ADVERTISEMENTS IN THIS WEBSITE ARE BELIEVED TO BE RELIABLE, HOWEVER, DEDICATED INVESTORS LLC AND ITS OWNERS, AFFILIATES, SUBSIDIARIES, OFFICERS, DIRECTORS, REPRESENTATIVES AND AGENTS DISCLAIM ANY LIABILITY AS TO THE COMPLETENESS OR ACCURACY OF THE INFORMATION CONTAINED IN ANY ADVERTISEMENT AND FOR ANY OMISSIONS OF MATERIALS FACTS FROM SUCH ADVERTISEMENT. DEDICATED INVESTORS LLC IS NOT RESPONSIBLE FOR ANY CLAIMS MADE BY THE COMPANIES ADVERTISED HEREIN, NOR IS DEDICATED INVESTORS LLC RESPONSIBLE FOR ANY OTHER PROMOTIONAL FIRM, ITS PROGRAM OR ITS STRUCTURE. DEDICATED INVESTORS LLC IS NOT AFFILIATED WITH ANY EXCHANGE, ELECTRONIC QUOTATION SYSTEM, THE SECURITIES EXCHANGE COMMISSION OR FINRA.

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This Undiscovered Biotech Has Blockbuster Potential With The Only Fully Human Anti-CD3 Monoclonal Antibody In Clinical Development

TLSA has closed green 5 of the last 6 and looks to be on the move right now

READ THE INVESTOR PRESENTATION HERE

Hello Everyone,

We have a new profile for Tuesday’s session.

Pull up TLSA right away.

Historically, monoclonal antibodies, such as blockbuster drug, Humira®, have performed as the best selling drugs in the world. Targeting across multi-indications such as autoimmune disorders and degenerative diseases, these drugs have multi-billion dollar blockbuster potential.

To this day, there is no drug on the market that is a fully human, anti-CD3 monoclonal antibody…and Tiziana Life Sciences (NASDAQ: TLSA) is developing the potential to treat patients in need that suffer from secondary progressive multiple sclerosis.

Tiziana Life Sciences (NASDAQ: TLSA) is a clinical stage biotechnology company that specializes in developing transformative therapies for neurodegenerative and lung diseases. The Company’s  clinical pipeline includes drug assets for Secondary Progressive Multiple Sclerosis, ALS, Alzheimer’s, Crohn’s Disease and KRAS+ NSCLC.

Tiziana is led by a team of highly qualified executives with extensive drug development and commercialization experience.The Company  is developing transformational formulation technologies, enabling it to switch from traditional routes to alternative routes of immunotherapy to facilitate local sites of action.

Even in our day and age, there is currently still no cure for neurodegenerative diseases such as Alzheimer’s and ALS. The rise of diagnoses can be attributed to the aging population as life expectancy increases.

Neurodegenerative diseases collectively affected 4.7 to 6.0 million individuals in the U.S. between 2016-2017. These diseases were responsible for 272,644 deaths and 3,011,484 disability adjusted life years in 2016.

Not only is this a growing health concern, but the annual cost to the US from Alzheimer’s disease and related dementias and other neurodegenerative diseases was $655 billion in 2020 USD.

Autoimmune diseases are conditions in which your immune system mistakenly attacks your body. A healthy immune system defends the body against disease and infection. But if the immune system malfunctions, it mistakenly attacks healthy cells, tissues, and organs. These attacks can affect any part of the body, weakening bodily function and even become life-threatening. These diseases affect more than 24 million people in the United States.

TLSA is revolutionary in the biotech space as the company works to deliver on its clinical strategy through an exciting pipeline with drug development programs across several degenerative and autoimmune disease indications that have a large unmet need\

TLSA has closed green 5 of the last 6 and looks to be on the move right now.

Investment Highlights:

A revolutionary platform: TLSA is first in class, switching from uncomfortable antibody injections to revolutionary nasal and oral methods of delivery. The benefits of switching to this unique methodology are increased patient compliance, minimized side effects, and anticipated lower cost of goods and administration.

Multiple Indications: TLSA’s focus is across multiple indications such as neurodegenerative diseases like Multiple Sclerosis  as well as lung diseases. Similar monoclonal antibody drugs, such as Humira®, have performed extraordinarily well with approximately $200 billion dollars in revenue.

Monoclonal Antibodies: Recently, Provention Bio, a competitor for TLSA, was acquired by Sanofi SA (NASDAQ: SNY) for $2.9 billion. Tiziana stands out from the competition as their drug, foralumab, is administered nasally and is fully human.

Foralumab: Tiziana’s clinical drug, foralumab, a fully human anti-CD3 monoclonal antibody for the treatment of neurodegenerative diseases, works with novel technology to be delivered nasally. This allows the drug to bypass and potentially prevent the toxicities that may be present with non-fully human antibodies making it a revolutionary and very exciting clinical development.

Market Potential: Neurodegenerative diseases are rising which contributes to a growing market market projected to reach USD 53 Billion by 2030 and grow steadily at a CAGR of 3.2%. Beyond that, competitors are catching the attention of big pharma.

Unmet Need: TLSA is dedicated to developing drugs to service diseases that currently have no cure. The company’s clinical trial is across multiple neurodegenerative disease, autoimmune, and lung disease indications.

Gabriele Cerrone, interim chief executive and executive chair. He has a track record of corporate financing having listed nine companies, seven on NASDAQ and two in London. He is the former chair of Trovagene, Gensignia, Rasna, Contravir and Okyo. He is also the co-founder and director of two NASDAQ-listed companies that brought drugs from the discovery through to US Food & Drug Administration approval: Synergy Pharmaceuticals and Siga Technologies.

Today We Have Announced 70% of Patients in the Non-Active Secondary Progressive Multiple Sclerosis Expanded Access Program Have Seen Measurable Clinical Improvement in Their Fatigue After Six Months of Treatment with Nasal Foralumab. All Patients Have Either Stabilized or… pic.twitter.com/4hcXIhENNS

— TizianaLifeSciences (@TizianaLS) April 22, 2024

Foralumab (TZLS-401)

Foralumab is a fully human anti-CD3 monoclonal antibody (mAb) for the treatment of Crohn’ s and neurodegenerative diseases. We have completed two Phase 1 clinical trials: one for progressive MS indication with nasal administration and the other for Crohn’s disease indication, with enteric coated capsules administered orally. We also completed a Phase 2 trial treating mild to moderate non-hospitalized COVID-19 patients in Brazil with intranasal foralumab with positive results (Moreira et al., 2021)*. Currently, two secondary progressive MS patients are being treated at Brigham and Women’s Hospital, Boston MA, with intranasal foralumab under Expanded Access INDs with signs of clinical benefit, we are expecting 12-month data from EA#1 and 6-month data from EA#2 in 4Q-2022. Patient enrolment for the  Intermediate-size patient population expanded program has begun. Foralumab has demonstrated ability to activate regulatory T cells that systemically circulate to elicit targeted immunomodulation providing therapeutic benefit to patients.

Tiziana has recently submitted a patent application on potential use of Foralumab, to improve success of chimeric antigen receptor T cells (CAR-T) therapy for cancer and other human diseases. The patent application covers inventions related to improving CAR-T expansion and/or survival. Foralumab administered alone or co-administered in combination with co-stimulatory molecules, such as an anti-IL-6 receptor monoclonal antibody, an anti-CD28 monoclonal antibody or specific inhibitors of signalling pathways of phosphatidylinositol 3-kinase (PI3K), protein kinase B (AKT), or mammalian target to improve success of CAR-T therapy.

* Moreira, T. G., et al. (2021) Nasal Administration of Anti-CD3 Monoclonal Antibody (Foralumab) Reduces Lung Inflammation and Blood Inflammatory Biomarkers in Mild to Moderate COVID-19 Patients: A Pilot Study. Front Immunol 12, 709861

Milciclib (TZLS-201)

Milciclib is a potent, small molecule inhibitor of multiple cyclin-dependent kinases (CDKs), tropomycinreceptor kinases and Src family kinases controlling cell growth and malignant progression of cancer. Milciclib has demonstrated safety and tolerability in 316 patients with advanced solid cancers in Phase 1 and 2 studies and also exhibited positive clinical responses. In two, successfully completed, Phase 2 thymic cancer trials, Milciclib successfully increased overall survival and met both primary and secondary endpoints.

In July and September 2019, we reported positive Phase 2a safety, tolerability and efficacy data of Milciclib as a monotherapy in 28 patients with advanced HCC. The results, presented at ASCO2020, warrants further clinical development. Strong genetic and pharmacological evidence suggests that pan-CDKs inhibitors might have potential to suppress the multiple tumorigenic pathways that are activated due to activation of KRAS gene. Clinical data from a Phase I dose-escalation study with combination of milciclib with gemcitabine showed significant disease stabilization and suggested that milciclib can reverse gemcitabine-resistance in NSCLC refractory solid tumors. The clinical response in the NSCLC patient was particularly very promising. Company is exploring the combination of milciclib and gemcitabine in NSCLC subjects with pan KRAS-positive mutations.

TZLS-501

Tiziana’s Anti IL-6R mAb (TZLS-501), a fully human mAb binds to both membrane-bound and soluble forms of IL-6R, an inflammatory cytokine driving chronic inflammation associated with autoimmune disease and cancer, reducing circulating levels of the IL-6 cytokine. Anti-IL-6R antibody can potentially be used in combination with Foralumab or other anti-inflammatory and anti-infective agents as therapy for idiopathic pulmonary fibrosis (IPF), acute respiratory distress syndrome (ARDS), multiple myeloma, arthritis, lupus and oncology indications. Excessive production of IL-6 is regarded as a key driver of chronic inflammation and is believed to be associated with severe lung damage and chronic fibrosis observed with acute and chronic respiratory illness.

The Company is scaling GMP manufacturing of its anti-IL-6R mAb concurrently with developing a hand-held nebulizer technology for direct delivery of the antibody into the for treatment of patients with IPF, a rare disease indication.

Tiziana Life Sciences Announces Study Results from Intranasal Anti-CD3 Foralumab in Multiple Sclerosis Patients with PIRA Highlighted in Neurology Today®

April 19, 2024 at 7:00 AM EDT

– Intranasal foralumab attenuated microglial activation in patients with non-active secondary progressive multiple sclerosis and progression independent of relapse (PIRA) –
– Data presented in a platform session at the Annual Meeting of the American Academy of Neurology in Denver, Colorado –

NEW YORK, April 19, 2024 (GLOBE NEWSWIRE) — Tiziana Life Sciences, Ltd. (Nasdaq: TLSA) (“Tiziana” or the “Company”), a biotechnology company developing breakthrough immunomodulation therapies via novel routes of drug delivery, today announced that a study related to its lead candidate, foralumab, was highlighted in Neurology Today^®, the official news source of the American Academy of Neurology (AAN), in an article titled, “Anti-CD3 Antibody Foralumab Shows Promise in PIRA, Measured by Novel PET Ligand.”

The study is authored by Tarun Singhal, M.B.B.S., M.D., Director, PET Imaging Program in Neurologic Diseases at Brigham and Women’s Hospital, a founding member of Mass General Brigham Healthcare System, and Associate Professor of Neurology at Harvard Medical School, and shows that foralumab, a fully human anti-CD3 monoclonal-antibody, attenuates microglial activation in non-active secondary progressive multiple sclerosis (na-SPMS) patients with progression independent of relapse (PIRA). A systemic review published in JAMA Neurology^[1] in October 2023 found that PIRA is the most frequent manifestation of disability accumulation across the full spectrum of traditional multiple sclerosis (MS) phenotypes.

“PIRA is a condition that poses a major unmet need for patients with multiple sclerosis,” stated Dr. Singhal. “Currently, there are no disease-modifying therapies approved for this category of progressive MS patients. This study provides initial evidence that this fully human anti-CD3 has the potential to benefit this type of MS, which is the most difficult form to treat.”  

“We do not have any recognized approaches to try to alter microglial activation at present, which everyone agrees at this point in time is relevant throughout the life of a patient with MS. Even ocrelizumab [Ocrevus] for primary progressive MS has modest impact, so the potential here is great, and the proof of principle that you can alter the microglia is a real punchline,” said John Corboy, MD, FAAN, an endowed chair in neurology and director of the Rocky Mountain Multiple Sclerosis Center at the University of Colorado Anschutz Medical Campus.

The study assesses the effect of intranasal foralumab on microglial activation in na-SPMS patients with PIRA as measured by positron emission tomography (PET) imaging via radiology marker [F-18]PBR06-PET, a novel, long-half-life ligand used in PET scanning. The study is designed to be open-label and is based on data from the Expanded-Access Program evaluating foralumab in na-SPMS patients that is currently underway. In this study, five of six patients (83%, 95% confidence interval 44%-97%) showed a qualitative reduction on [F-18]PBR06-PET in multiple brain regions after both 3 and 6 months of nasal foralumab treatment.

Data from the study was presented at a platform session at the Annual Meeting of the American Academy of Neurology being held in Denver, Colorado. The abstract is entitled, “Treatment of PIRA with Nasal Foralumab Dampens Microglial Activation and Stabilizes Clinical Progression in Non-Active Secondary Progressive MS.”

The link to the full Neurology Today^® article can be found here: https://journals.lww.com/neurotodayonline/blog/NeurologyTodayConferenceReportersAANAnnualMeeting/pages/post.aspx?PostID=211

About Foralumab
Activated T cells play an important role in the inflammatory process. Foralumab, the only fully human anti-CD3 monoclonal antibody (mAb), binds to the T cell receptor and dampens inflammation by modulating T cell function, thereby suppressing effector features in multiple immune cell subsets. This effect has been demonstrated in patients with COVID and with multiple sclerosis, as well as in healthy normal subjects. The non-active SPMS intranasal foralumab Phase 2 trial began screening patients in November of 2023. Immunomodulation by nasal anti-CD3 mAb represents a novel avenue for treatment of neuroinflammatory and neurodegenerative human diseases.

Tiziana Life Sciences Announces New Quantitative PET Imaging Data on Foralumab at the Annual Meeting of the American Academy of Neurology

April 18, 2024 at 7:00 AM EDT

Oral presentation of study shows intranasal foralumab attenuates microglial activation and disease progression in multiple sclerosis (MS) patients with PIRA as measured by changes in PET scans

NEW YORK, April 18, 2024 (GLOBE NEWSWIRE) — Tiziana Life Sciences, Ltd. (Nasdaq: TLSA) (“Tiziana” or the “Company”), a biotechnology company developing breakthrough immunomodulation therapies via novel routes of drug delivery, today announces a platform presentation titled, “Treatment of PIRA with Nasal Foralumab Dampens Microglial Activation and Stabilizes Clinical Progression in Non-Active Secondary Progressive MS” at the Annual Meeting of the American Academy of Neurology in Denver, Colorado. The presentation includes new, encouraging quantitative imaging data from foralumab’s intermediate- size patient population Expanded Access Program. In the presentation, foralumab, a fully human anti-CD3 monoclonal-antibody showed the attenuation of microglial activation in patients with non-active secondary progressive multiple sclerosis (na-SPMS) based on positron emission tomography (PET) imaging and disease stabilization in na-SPMS patients with disease progression independent of relapse (PIRA).

Gabriele Cerrone, Chairman, acting CEO and founder of Tiziana Life Sciences, commented, “Tiziana is taking a leadership role in focusing on this subset of progressive MS where there are no effective treatments. One of the mechanisms thought to contribute to na-SPMS with PIRA is the activation of microglial cells, for which there have historically been no good biomarkers in humans. However, [F18]PBR06-PET is a novel imaging technique using a ligand with a long half-life, and therefore serves as a viable proof-of-concept to show the binding and dampening of active microglia. We are now able to quantify these immunologic changes via PET scan in na-SPMS patients. The mechanism of action seen thus far with foralumab is significant since a major unmet need in MS is developing therapy for na-SPMS with PIRA and being able to dampen associated neuro inflammation.”

The oral presentation, delivered by Tarun Singhal, M.B.B.S., M.D., Director of the PET Imaging Program in Neurologic Diseases at Brigham and Women’s Hospital, a founding member of Mass General Brigham Healthcare System, and Associate Professor of Neurology at Harvard Medical School, assesses the effect of intranasal foralumab on microglial activation in na-SPMS patients with PIRA as measured by positron emission tomography (PET) imaging via [F-18]PBR06-PET, a novel, long-half-life ligand used in PET scanning. The study is designed to be open-label and part of the Expanded-Access Program evaluating foralumab in na-SPMS patients that is currently underway.

Five of six patients (83%, 95% confidence interval 44%-97%) showed a qualitative reduction on [F-18]PBR06-PET in multiple brain regions after both 3 and 6 months of nasal foralumab treatment, which implies that there is in vivo evidence for reduced microglial activation and neuroinflammation following treatment with nasal foralumab. White matter z-scores (a measure of abnormally increased neuroinflammation) were reduced by 26-36% in the foralumab-treated group at 3 and 6 months, which was >4-5-times higher compared to 6% variability in the test-retest group. Clinically, foralumab-treated patients demonstrated a stable EDSS and improvement in the Modified Fatigue Impact Scale (MFIS). Reduction in fatigue as measured by the MFIS is clinically relevant to the lives of na-SPMS patients and will be a key monitoring parameter moving forward.

Nasal foralumab attenuated microglial activation in na-SPMS patients with PIRA at 3 and 6 months, as evaluated by [F-18]PBR06-PET and was associated with clinical symptom stability. Based on these positive results, a double-blind, placebo-controlled, dose-ranging study of nasal-foralumab in na-SPMS with [F-18]PBR06-PET as a primary endpoint with measures of EDSS and MFIS is underway. This trial (NCT06292923) is important because if the potential to slow disease progression is demonstrated this would align with early treatment intervention.

NEWS

PUBLISHED

5 HOURS AGO

Tiziana Life Sciences Announces Additional Clinical Improvements Among Multiple Sclerosis Patients in its Expanded Access Program

PUBLISHED

5 HOURS AGO

Tiziana Life Sciences Announces Additional Clinical Improvements Among Multiple Sclerosis Patients in its Expanded Access Program

PUBLISHED

3 DAYS AGO

Tiziana Life Sciences Announces Study Results from Intranasal Anti-CD3 Foralumab in Multiple Sclerosis Patients with PIRA Highlighted in Neurology Today®

PUBLISHED

3 DAYS AGO

Tiziana Life Sciences Announces Study Results from Intranasal Anti-CD3 Foralumab in Multiple Sclerosis Patients with PIRA Highlighted in Neurology Today®

PUBLISHED

APR 11, 2024

Tiziana Life Sciences Announces Platform Presentation of New Quantitative PET Imaging Data on Foralumab at the Annual Meeting of the American Academy of Neurology

PUBLISHED

APR 11, 2024

Tiziana Life Sciences Announces Platform Presentation of New Quantitative PET Imaging Data on Foralumab at the Annual Meeting of the American Academy of Neurology

PUBLISHED

MAR 5, 2024

Tiziana Life Sciences Announces Podium Presentation at AD/PD of Nasal Anti-CD3 in Alzheimer’s Disease

PUBLISHED

MAR 5, 2024

Tiziana Life Sciences Announces Podium Presentation at AD/PD of Nasal Anti-CD3 in Alzheimer’s Disease

PUBLISHED

JAN 8, 2024

Tiziana Life Sciences Announces Updated Clinical and PET Scan Findings for Intranasal Foralumab in Two New Multiple Sclerosis Patients

PUBLISHED

JAN 8, 2024

Tiziana Life Sciences Announces Updated Clinical and PET Scan Findings for Intranasal Foralumab in Two New Multiple Sclerosis Patients

PUBLISHED

JAN 5, 2024

Tiziana Life Sciences to Present at Biotech Showcase Conference in San Francisco, January 8-10, 2024

PUBLISHED

JAN 5, 2024

Tiziana Life Sciences to Present at Biotech Showcase Conference in San Francisco, January 8-10, 2024

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MANAGEMENT TEAM

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Gabriele Cerrone

Executive ChairmanMr Cerrone has a successful track record and extensive experience in the financing and restructuring of micro-cap biotechnology companies. He has founded nine biotechnology companies in oncology, infectious diseases and molecular diagnostics, and has taken six of these companies to the NASDAQ Market and one to the AIM Market in London. Mr Cerrone co-founded Trovagene, Inc. (NASDAQ: TROV), a molecular diagnostic company and served as its Co-Chairman; he was a co-founder and served as Chairman of both Synergy Pharmaceuticals, Inc. (NASDAQ: SGYP) and Callisto Pharmaceuticals, Inc. (OTCMKTS: CLSP), and was a Director of and led the restructuring of Siga Technologies, Inc. (NASDAQ: SIGA). Mr Cerrone also co-founded FermaVir Pharmaceuticals, Inc. and served as Chairman of the Board until its merger in September 2007 with Inhibitex, Inc. Mr Cerrone served as a director of Inhibitex, Inc. until its US$2.5bn sale to Bristol Myers Squibb Co in 2012.​ Mr Cerrone is the Executive Chairman and Co-Founder of Gensignia Life Sciences, Inc., a molecular diagnostics company focused on oncology using microRNA technology; Chairman and Founder of Tiziana Life Sciences plc (AIM: TILS) an oncology focused therapeutics company; Chairman and Co-Founder of Rasna Therapeutics Limited, a company focused on the development of therapeutics for leukaemias; Co-Founder of ContraVir Pharmaceuticals, Inc. (Nasdaq: CTRV); and founder of BioVitas Capital Ltd.

Matthew W Davis, MD, RPh

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Chief Medical Officer and acting Chief Scientific OfficerDr. Davis has extensive experience in new drug application, or NDA, and biologic license application, or BLA, FDA approvals and device clearances. Notable approved brands that Dr. Davis has worked on include Lidoderm®, Sculptra®, Colcrys® and most recently QWO®. Dr. Davis previously served as Chief Scientific Officer and Chief Medical Officer at Endo Pharmaceuticals where he restructured the R&D department and collaborated to obtain BLA approval for QWO®. Additionally, Dr. Davis was Chief Medical Officer for Lupin Inc. and URL Pharma, Inc. where he spearheaded three NDA approvals and was the inventor on all 17 Orange Book listed patents for Colcrys®. He also was on the executive team that sold URL Pharma to Takeda Pharmaceutical Company for approximately $800M combined with over $1B in performance-based contingent earn out payments. Dr. Davis matriculated to the University of Pennsylvania as an undergraduate. He received his Pharmacy Degree from Temple University and his Medical Degree from the Medical College of Pennsylvania. Dr. Davis undertook his surgical training at Brown University and his Urology training at Washington Hospital Center

Keeren Shah

Chief Financial Officer Keeren Shah serves as our Chief Financial Officer. Ms. Shah currently also serves as the Chief Financial Officer of OKYO Pharma Ltd, Accustem Sciences Limited and Rasna Therapeutics Inc., having previously served as the Group Financial Controller for all businesses from June 2016 to July 2020. Prior to joining the Company, Ms. Shah spent 10 years at Visa, Inc. as a Senior Leader in its finance team where she was responsible for key financial controller activities, financial planning and analysis, and core processes as well as leading and participating in key transformation programmes and Visa Inc.’s initial public offering. Before joining Visa, Ms. Shah also held a variety of finance positions at other leading companies including Arthur Andersen and BBC Worldwide. She holds a Bachelor of arts with honors in Economics and is a member of the Chartered Institute of Management Accountants.

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LRHC HAS 2,400+ AGENTS AND 35 OFFICES WORLDWIDE

La Rosa Acquires Real Estate Brokerage Franchisee in Georgia with Revenue of $3.4 Million in 2023

LRHC expects to generate $100 million of annualized revenue as a 2024 exit run rate

La Rosa Reports 91% Year-Over-Year Increase in Revenue to $11.4 Million for the Fourth Quarter of 2023 – Revenue Increased 21% to $31.8 Million for Fiscal Year 2023 from 2022

CHECK OUT THE INVESTOR PRESENTATION HERE

Hello Everyone,

It has been a wild month so far.

Our last one exploded 25% and now here is the next profile to keep on your radar immediately!

Pull up LRHC.

It seems to have leveled off right around it’s current levels after some profit taking on the back of a massive leg up, making it a great time to take a look at it.

LRHC was established in 2004 as a comprehensive real estate services platform that seamlessly integrates residential brokerage, mortgage, title, and insurance services, bbbbolstered by a cutting-edge educational support system.

The company boasts a distinctive brokerage model that places the agent at the center, providing them with a 100% commission structure.

Their strategic focus is to drive substantial growth through expansion, seizing the opportunities presented by the evolving trends in the agency model within the real estate industry.

La Rosa Realty’s core operations are primarily within the vast U.S. residential real estate market, which according to Zillow Research, reached a staggering $43.4 trillion in 2021. This marked a remarkable increase of $6.9 trillion since 2020 and more than doubled the levels seen a decade ago.

La Rosa Holdings’ serves as the holding company for a suite of agent-centric, technology-integrated, cloud-based, multi-service real estate companies.

The principal entity, La Rosa Realty, LLC, has earned its place in the “Top 75 Residential Real Estate Firms in the United States” as recognized by the National Association of Realtors (NAR), the leading trade association in the U.S. real estate industry.

The brainchild of the operation is CEO, Mr. Joseph La Rosa, a successful real estate developer, business and life coach, author, podcaster, and public speaker. The business is deeply rooted in his transformative philosophies of family, passion, and growth. Mr. La Rosa’s book, “Do It Now!“, serves as a roadmap to personal success and well-being, inspiring a community of successful realtors who have played a significant role in the business’s growth.

In addition to offering face-to-face residential and commercial real estate brokerage services to the public, the company strategically cross-sells technology-based products and services.

The business is structured around providing services to its agents and the public, encompassing residential and commercial real estate brokerage, franchising, real estate brokerage education and coaching, as well as property management.

The primary real estate brokerage operates under the name La Rosa Realty, complemented by a smaller presence under the licensed trade name Better Homes Realty.

The company has established five corporate real estate brokerage offices under the La Rosa Realty brand in Florida, along with 28 franchised real estate brokerage offices in six U.S. states and Puerto Rico.

Additionally, they have expanded globally with an international franchised office in Peru. These real estate offices, both corporate and franchised, are collectively staffed by over 2,380 licensed real estate brokers and sales associates.

*****BREAKING NEWS TODAY

La Rosa Reports 91% Year-Over-Year Increase in Revenue to $11.4 Million for the Fourth Quarter of 2023

April 17, 2024

Acquisition of Six Brokerages Increases the Company’s Gross Profit 207% in Q4 2023 vs Q4 2022

Revenue Increased 21% to $31.8 Million for Fiscal Year 2023 from 2022

CELEBRATION, Fla., April 17, 2024 (GLOBE NEWSWIRE) — La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”), a holding company for five agent-centric, technology-integrated, cloud-based, multi-service real estate segments, today provided a business update and reported financial results for the fiscal year ended December 31, 2023.

Key Financial Highlights

• Total revenue increased 91% year-over-year to $11.4 million for the fourth quarter ended December 31, 2023 from $6.0 million for the fourth quarter ended December 31, 2022
• Gross profit increased 207% year-over-year for the fourth quarter ended December 31, 2023, compared to the fourth quarter ended December 31, 2022
• Gross margin increased 321 basis points to 8.5% in the fourth quarter of 2023, compared to 5.3% for the same period last year
• Total revenue increased 21% to $31.8 million for the year-ended December 31, 2023, compared to $26.2 million for the same period last year
• Residential real estate services revenue increased $4.0 million to $20.5 million, or 25%, for the year ended December 31, 2023 versus the comparable prior year period
• Increased transaction fees, monthly agent fees, and annual fees effective September 1, 2023, which, if volume remains consistent, expected to contribute to increased real estate brokerage services revenue in 2024 on top of growth in the broker network

Q4 2023 Operational Achievements

• Acquired six real estate brokerage franchisees in the fourth quarter of fiscal year 2023 with combined revenues in excess of $35 million in fiscal year 2022
• Formed strategic partnership with Final Offer, a negotiation platform delivering transparency in real estate transactions
• Launched multi-level revenue share plan for agents
• Opened first office location in Houston, Texas
• Entered into strategic referral partnership with Janover, an AI-enabled B2B fintech marketplace connecting commercial property borrowers and lenders
• Launched a proprietary artificial intelligence (“AI”) technology system ‘JAEME’ to support real estate agents
• Completed IPO in October 2023, raising gross proceeds of $5.0 million and commenced trading on the Nasdaq Capital Market

Joe La Rosa, CEO of the Company, commented, “We believe that the past year proved transformative for our Company, highlighted by a successful IPO on the Nasdaq Capital Market, raising $5 million in gross proceeds. This infusion of capital enabled us to accelerate our roll-up strategy, acquiring profitable franchisees and solidifying our market position while creating value for shareholders and clients. Notably, in the fourth quarter alone, we acquired six real estate brokerage franchisees, boasting a combined revenue exceeding $35 million in 2022. As a result, I am pleased to report a 91% year-over-year increase in revenue to $11.4 million for the fourth quarter of 2023 compared to $6.0 million for the fourth quarter of 2022. We expect these acquisitions to contribute meaningfully to our revenue in 2024, and as we integrate these acquisitions, we expect to benefit from improved operating efficiencies and economies of scale.

“We believe that our approach is both agent and consumer centric. We intend to solidify our position in the highly anticipated paradigm shift in the real estate market. We equip agents with essential resources for success in a technology-driven world while providing consumers with the transparency and value they need. We understand the financial challenges agents face, especially in today’s market. That’s why we provide new avenues for financial flexibility, offering agents the choice between a 100% commission model or the opportunity to build multiple revenue streams through our revenue share plan.

“The recent National Association of Realtors’ landmark settlement of $418 million is set to profoundly shake up the residential real estate industry. The market is anticipating a significant change in how real estate commissions are set, with estimates modeling for a roughly 30% decrease in commissions paid, a significant reduction to the estimated $100 billion paid each year. We believe, however, that our unique brokerage model positions us well to attract more agents. We recognized the disparity long ago, leading us to create a commission model that was fair to everyone, rewarding the buyer, seller, and agent through a simple-to-understand deal structure. In our view, today, this model positions La Rosa as a leader in the evolving sector, offering unparalleled transparency in real estate transactions.

“To further enhance our transparency in the market, last month, we officially launched Final Offer, a consumer-facing offer management and negotiation platform for real estate transactions, on our platform in Florida and Georgia. Through Final Offer, our agents will offer clients a streamlined offer and negotiation experience, bringing much-needed transparency to the home buying/selling process. We are excited to expand this platform across all states where we currently operate, including South Carolina, California, New York, Texas, and Puerto Rico, and in states where we may operate in the future.”

“We anticipate that 2024 will be a year of expansion for us. We believe we are well poised to achieve significant growth and anticipate reaching our annualized revenue run rate target of $100 million by the end of 2024, driven by our accretive roll-up strategy. Moreover, we anticipate reaching profitability in 2025,” concluded Mr. La Rosa.

Financial Results

Total revenue for the year ended December 31, 2023, was $31.8 million compared to $26.2 million for the fiscal year ended December 31, 2022. Residential real estate services revenue increased $4.0 million to $20.5 million, or 25%, in the year ended December 31, 2023 versus the comparable prior year period. The increase was driven by $4.6 million of revenue from the six acquisitions completed in the fourth quarter of fiscal year 2023, offset by a 13% decrease in total transaction volume. We increased our transaction fee, monthly agent fee, and annual fee effective September 1, 2023, which, if volume remains consistent, we anticipate our real estate brokerage services revenue will increase in 2024. Selling, general and administrative costs, excluding stock-based compensation, for the fiscal year ended December 31, 2023 were $4.8 million, compared to $4.3 million for the year ended December 31, 2022. This increase was primarily due to increased payroll and benefits, insurance and training, and public company costs in connection with the Company’s IPO in October 2023, compared to the same period in 2022. Net loss was $7.8 million, or $1.27 basic and diluted loss per share, for the year ended December 31, 2023, compared to net loss of $2.3 million, or $0.39 basic and diluted loss per share, for the year ended December 31, 2022.

La Rosa Acquires Real Estate Brokerage Franchisee in California

March 20, 2024

Launching La Rosa’s multi-level revenue share plan in California intended to empower realtors with a unique income stream

Ninth franchisee that has been acquired since IPO

Reaffirms target to generate $100 million of annualized revenue as a 2024 exit run rate

Celebration, FL, March 20, 2024 (GLOBE NEWSWIRE) — La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”), a holding company for five agent-centric, technology-integrated, cloud-based, multi-service real estate segments, today announced that it has completed an acquisition transaction and now holds a 51% interest in the Company’s franchisee – La Rosa Realty California LLC (“La Rosa California”), located in Hayward, California, with a separate branch in Los Angeles, California.

The acquisition comes as part of La Rosa’s strategic expansion plan and brings its previously announced La Rosa’s Ultimate Plan to California. The Ultimate Plan is a four-level revenue share model intended to create a sustainable and lucrative income stream for real estate professionals. This model allows agents to generate earnings not only from their direct referrals but also from the referrals brought in by their recruits.

Joe La Rosa, CEO of the Company, commented, “We believe that California’s dynamic real estate market presents exciting opportunities for growth and expansion. In California, home prices have surged by 11.4% year-over-year as of February 2024, reflecting market demand. Despite this surge in prices, the number of homes sold has increased by 8.1% year-over-year as of February 2024, indicating a competitive market environment. We remain committed to enhancing our service offerings and strengthening our position in the real estate industry. We believe that our Ultimate Plan offers unparalleled opportunities for agents to thrive and succeed in the competitive real estate market. With the strength of our innovative offerings and the expertise of our dedicated agents, we believe that we are well positioned to capitalize on the opportunities presented by California’s real estate market. We anticipate that our accretive roll-up strategy will propel us towards achieving our annualized revenue run rate target of $100 million by the end of 2024, with the expectation of attaining profitability in 2025.”

La Rosa Acquires Real Estate Brokerage Franchisee in Georgia with Revenue of $3.4 Million in 2023

March 13, 2024

Eighth franchisee that has been acquired since IPO

Reaffirms target to generate $100 million of annualized revenue as a 2024 exit run rate

Celebration, FL, March 13, 2024 (GLOBE NEWSWIRE) — La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”), a holding company for five agent-centric, technology-integrated, cloud-based, multi-service real estate segments, today announced that it has acquired a 51% interest in the Company’s franchisee – La Rosa Realty Georgia LLC (“La Rosa Georgia”), located in Gainesville and Alpharetta, Georgia.

La Rosa Georgia generated revenue of $3.4 million and reached break-even in 2023. The franchisee provides residential and commercial real estate brokerage services. It also provides coaching and support services to agents on a fee basis.

Joe La Rosa, CEO of the Company, commented, “As reported by Zillow, Atlanta, Georgia, is predicted to be one of the hottest housing markets in 2024. Specifically, they expect Atlanta to be the nation’s 6th hottest housing market in 2024 out of the top 50 metropolitan areas by population. This is due to strong demand, steady home values, a growing number of homeowners and job growth. We believe, our office, located in Alpharetta, which is a part of the Atlanta metropolitan area, is ideally located to capitalize on this growth in the housing market.”

“We now have a strong track record acquiring and integrating franchisees into our organization, resulting in streamlined operations as Company-owned locations. Looking ahead, we have additional franchisees and two ancillary services companies that we are also looking to acquire. We believe our accretive roll up strategy will allow us to reach our annualized revenue run rate target of $100 million before the end of 2024, with the expectation to become profitable in the beginning of 2025.”

La Rosa Acquires Sixth Real Estate Brokerage Franchisee with Revenue of $4.3 Million and Positive Cash Flow in 2022

January 4, 2024

La Rosa on target to generate $100 million of annualized revenue as a 2024 exit run rate

Celebration, FL, Jan. 04, 2024 (GLOBE NEWSWIRE) — La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”), a holding company for five agent-centric, technology-integrated, cloud-based, multi-service real estate segments, today announced that it has acquired a 100% interest in the Company’s franchisee – La Rosa Realty North Florida LLC (“Realty North Florida”) located in Jacksonville, Florida.

Realty North Florida generated revenue of $4.3 million and generated positive cash flow from operations, excluding costs of the executive management in 2022. The franchisee provides residential and commercial real estate brokerage services. It also provides coaching and support services to agents on a fee basis.

Joe La Rosa, CEO of the Company, commented, “We continue to successfully implement our roll-up strategy of acquiring profitable franchisees, consolidating our position in the market and creating value for both shareholders and clients. Realty North Florida was quite profitable in 2022, excluding certain payouts to the executive management. Following the acquisition, we will continue to provide our revenue share model to the top agents in the office, which is structured to ensure a high retention rate. We believe our unique brokerage model sets us apart from other players in the real estate industry. By offering real estate agents the option of a revenue share model or an annual fee-based model with 100% agent commissions, we intend to empower agents and elevate their success. We have several more franchisees in the pipeline that we plan on acquiring over the next several months, which brings us closer to our goal of reaching an annualized revenue run rate of $100 million before the end of 2024.”

INVESTMENT HIGHLIGHTS

‍

• 2,400+ agents worldwide
• 35 offices worldwide
• Became a top 75 residential real estate company in the U.S. in 2016

Future Opportunity

• Offer additional services such as mortgage, title, homeowner’s insurance
• Organic growth and expansion to further locations in the U.S. and internationally
• Create or acquire additional proprietary technologies

Unique Business Model

• Services include: Residential & Commercial real estate brokerages, franchising, real estate education & coaching, property management
• Agent centric model
• Proprietary technology for training and marketing

Financial Strength

• History of profitability
• Solid balance sheet
• Strongly positioned to drive near-term and long-term shareholder value

La Rosa Holdings, Inc. Signs Six-Month Media Deal with New to The Street

April 15, 2024

NEW YORK, April 15, 2024 (GLOBE NEWSWIRE) — FMW Media Inc.’s New to The Street announces signing La Rosa Holdings Corp. (NASDAQ: LRHC) ($LRHC) (“Company”) to a six-month media contract that will feature the Company on show’s televised sponsored programming.

New to The Street’s IPOMarket segment with Jane King and Co-host Peter Goldstein will interview key management members about the fundamental business ongoings at La Rosa Holdings Corp. Each show will air on New to The Street’s televised outlets as sponsored programming on Bloomberg TV and the Fox Business Network. New to The Street will provide social media marketing to further the reach of each broadcast. On a schedule, show previews and commercial ads will air on the sponsored TV platforms. Digital ads will stream on New to The Street’s billboard platform throughout New York City. All telecasted shows will stream on the show’s website: newtothestreet.com.

Joe La Rosa, Founder and CEO of La Rosa Holdings Corp., states, “I’m excited to have La Rosa Holdings Corp. featured on New to The Street’s main business show and forthcoming appearances on the show’s IPOMarket segment. The New to The Street audience can learn more about our Company’s five agent-centric, technology-integrated, cloud-based, multi-service real estate segments. As a new publicly traded company on NASDAQ, we are thrilled to highlight how La Rosa Holdings is at the forefront of transforming the real estate industry. With our focus on defining what is true Agent Centricity and transparency, we are shaping the future of real estate by bringing clarity and empowerment to every transaction and by providing Agents the financial flexibility they need in today’s new market.”

“We are excited for the opportunity to showcase La Rosa Holdings to the world, revealing our rise as a Leader in the real estate community,” states Deana La Rosa, Chief Operating Officer of La Rosa Holdings Corp. “With our unique company culture and dedication to providing exceptional value to agents, we’re poised to lead the industry into a new era of innovation and success.”

La Rosa Holdings Corp.’s La Rosa Realty was founded in 2004 and is an end-to-end real estate services platform integrating residential brokerage, mortgage, title, and insurance with a state-of-the-art educational support platform. The Company’s unique brokerage model is agent-centric, with 100% commission that integrates an AI technology platform to serve its agents better. The Company is rapidly expanding as it continues to acquire real estate agencies, scaling its operations and market demographics throughout the USA.

Peter Goldstein will co-host the IPOMarket Segment with Jane King, featuring companies like La Rosa Holdings Corp., small-medium business entities that decided to make an initial public offering to get listed on a national stock exchange. With 35 years of experience in investment banking and capital markets, Peter has written a book, “The Entrepreneur’s IPO,” which thoroughly explains and educates entrepreneurs interested in going public. The segment will focus on companies that successfully navigate the capital markets, like La Rosa Holdings Corp.

“I’m looking forward to growing this community of entrepreneurs, investors, and business people,” states Peter, “having worked closely with Joe La Rosa and the La Rosa team on their IPO on NASDAQ, I am confident that viewers will learn from Joe’s insights and wisdom about the markets and IPO process, as well as the fundamental business practices at La Rosa.”

Vince Caruso, the Creator / Producer of New to The Street, states, “La Rosa Holdings Corp. successfully became a publicly traded company, utilizing the capital markets to raise investment funds necessary for its national growth strategy to build a real-estate enterprise completely different than the traditional real-estate business model. Our viewers will hear and learn from La Rosa’s management the steps taken to become public and how the use of funds has grown its operations. I, too, look forward to the interview with Peter Goldstein, the IPO expert, and his commentary with Joe La Rosa, La Rosa Holdings. Corp.”

La Rosa Holdings Corp. (NASDAQ: LRHC) ($LRHC) will air on TV outlets, Bloomberg TV and Fox Business Network, as a sponsored programming. The interview first aired on Bloomberg TV, Saturday, April 13, 2024, at 6:30 PM ET, and will air again on the FOX Business Network on Monday, April 22, 2024, at 10:30 PM PT. New to The Street will publish future interview announcements on dates and times accordingly.

New to The Street’s IPOMarket segment will also have forthcoming announcements on guest interviews, with the cable networks’ airing dates and times.


About Peter Goldstein:

Peter Goldstein is a seasoned entrepreneur, capital markets expert, and investor with over 35 years of diverse international business experience. Throughout his career, he’s held pivotal roles, including CEO, chairman, investment banker, founder, board member, investor, and advisor to public, private, and emerging growth companies. Peter’s achievements span capital markets, specializing in equity financing, strategic planning, and transaction structuring. These include numerous successful IPOs, M&A, uplisting, reverse merger transactions, private placements, and crowdfunding campaigns. He’s the founder of Exchange Listing, LLC, dedicated to facilitating growth companies’ listings on esteemed exchanges like NASDAQ and the NYSE, and Emmis Capital, a specialized boutique fund investing in global small and microcap pre-IPO growth companies – https://exchangelistingllc.com/ & https://invest.emmiscap.com/.

About New to The Street:

New to The Street is an FMW Media production that operates one of the longest-running US and International sponsored and syndicated Nielsen-rated programming television brands, “New to The Street.” Since 2009, New to The Street has run biographical interview segment shows across major U.S. television networks. The Nielsen-rated and sponsored broadcast programming platform reaches millions of homes in the US and international markets. FMW’s New to The Street show appears on Bloomberg and the FOX Business Network as sponsored programming. FMW is also one of the nation’s largest buyers of linear television, long and short-form paid programming – https://newtothestreet.com/.

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NEWS

April 15, 2024

La Rosa Holdings, Inc. Signs Six-Month Media Deal with New to The Street

NEW YORK, April 15, 2024 (GLOBE NEWSWIRE) — FMW Media Inc.’s New to The Street announces signing La Rosa Holdings Corp. (NASDAQ: LRHC) ($LRHC) (“Company”) to a six-month media contract that will feature the Company on show’s televised sponsored programming.New to The Street’s IPOMark…

Read More

March 25, 2024

La Rosa to Ring NASDAQ Closing Bell Today

Celebration, FL, March 25, 2024 (GLOBE NEWSWIRE) — La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”), a holding company for five agent-centric, technology-integrated, cloud-based, multi-service real estate segments, today announced it will celebrate its recent initial public offe…

Read More

March 20, 2024

La Rosa Acquires Real Estate Brokerage Franchisee in California

Launching La Rosa’s multi-level revenue share plan in California intended to empower realtors with a unique income stream Ninth franchisee that has been acquired since IPO Reaffirms target to generate $100 million of annualized revenue as a 2024 exit run rate Celebration, FL, March 20, 2024  …

Read More

March 13, 2024

Correction: La Rosa Acquires Real Estate Brokerage Franchisee in Georgia with Revenue of $3.4 Million in 2023

Eighth franchisee that has been acquired since IPO Reaffirms target to generate $100 million of annualized revenue as a 2024 exit run rate Celebration, FL, March 13, 2024 (GLOBE NEWSWIRE) — La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”), a holding company for …

Read More

March 13, 2024

La Rosa Acquires Real Estate Brokerage Franchisee in Georgia with Revenue of $3.4 Million in 2023

Eighth franchisee that has been acquired since IPO Reaffirms target to generate $100 million of annualized revenue as a 2024 exit run rate Celebration, FL, March 13, 2024 (GLOBE NEWSWIRE) — La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”), a holding company for five…

Read More

March 5, 2024

La Rosa Announces Official Launch of Final Offer, a Transparent Negotiation Platform, in Two States

First-in-Class Software Platform to Bring Transparency to Real Estate TransactionsCelebration, FL, March 05, 2024 (GLOBE NEWSWIRE) — La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”), a holding company for five agent-centric, technology-integrated, clo…

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February 22, 2024

La Rosa Acquires Seventh Real Estate Brokerage Franchisee with Revenue of $1.4 Million and Positive Cash Flow in 2023

La Rosa on target to generate $100 million of annualized revenue as a 2024 exit run rateCelebration, FL , Feb. 22, 2024 (GLOBE NEWSWIRE) — La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”), a holding company for five agent-centric, technology-integrate…

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February 15, 2024

La Rosa to Present at the Winter Wrap-Up MicroCap Rodeo Virtual Conference on February 21st

CELEBRATION, FL / ACCESSWIRE / February 15, 2024 / La Rosa Holdings Corp. (NASDAQ:LRHC) (“La Rosa” or the “Company”), a holding company for five agent-centric, technology-integrated, cloud-based, multi-service real estate segments, today announced that it will be participating in the Winter Wrap Up …

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January 18, 2024

La Rosa Opens Office in the Tampa Bay Area

Marks Company’s 37th office as it expands its national presenceCelebration, FL, Jan. 18, 2024 (GLOBE NEWSWIRE) — La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”), a holding company for five agent-centric, technology-integrated, cloud-based, multi-serv…

Read More

January 4, 2024

La Rosa Acquires Sixth Real Estate Brokerage Franchisee with Revenue of $4.3 Million and Positive Cash Flow in 2022

La Rosa on target to generate $100 million of annualized revenue as a 2024 exit run rateCelebration, FL, Jan. 04, 2024 (GLOBE NEWSWIRE) — La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”), a holding company for five agent-centric, technology-integrated…

Read More

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MANAGEMENT TEAM

JOE LA ROSA

FOUNDER & CEO

• Board of Directors, NAR
• Muti Company Entrepreneur
• Life and business Development Coach
• Philanthropist
• 18 years real estate experience

KENT METZROTH

CHIEF FINANCIAL OFFICER

• Over 20 years of domestic and international experience in multiple industries
• Former SVP, Treasurer, Investor Relations & Business Finance of a multinational company

ALEX SANTOS

CHIEF TECHNOLOGY OFFICER

• BS Computer Science
• 25+ Years Web Development & Technology Solutions with experience creating secure and scalable web applications.

TIFFANY POLITE

DIRECTOR OF COACHING

• 5+ years in Real Estate industry as Agent and coach
• 10 years or management and coaching experience

PEDRO AGUILAR

DIRECTOR OF EDUCATION

• 7+ years in the Real Estate industry as Agent and coach
• 10+ years as Instructor for U.S. Marine Corps Recruiting to drive recruiting goals throughout nationwide Recruiting Stations

LISSETTE ORTOLANI

DIRECTOR OF RECRUITING

• Recruiter, manager and trainer within the real estate and insurance fields with over 10 years of experience

BRIAN KIRKWOOD

DIRECTOR OF MARKETING

• BS Business Administration
• 7 Years with The Walt Disney Company
• Development and implementation of brand and marketing identity for multiple companies

SINCERELY,

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EQS has been strategically expanding its net acreage and reserves in the Bakken region which has recently witnessed acquisition activity

Equus Subsidiary Morgan E&P Completes Two Horizontal Wells Combining for over 1000 Barrels a day

With over 54% insider ownership, EQS demonstrates a high level of confidence from its management team

EQS has an incredibly low float of less than 7 million shares available

______________________

Hello Everyone

Oil prices have experienced a surge recently, demonstrating significant growth from mid-December highs, driven by a combination of factors that are impacting both supply and demand.

One of the primary drivers behind the recent increase in oil prices is the faster-than-expected growth of the U.S. economy in the last quarter of the year.

U.S. economic data has revealed robust growth, signaling increased demand for oil and energy resources. This positive demand indicator has contributed to the upward pressure on oil prices.

We are seeing other factors impact the price of oil on a global state. We always have Geopolitical Tensions in the Middle East including whats going on with the Houthis rebels in the Red Sea right now. We saw a Ukrainian Drone Attack on a Russian Oil Refinery a few months back that further contributes to instability.

Couple that with a larger-than-expected drawdown in crude oil inventories, primarily attributed to extreme cold weather conditions, and we have several factors that have all contributed to a recent surge in oil prices as we just saw them break a 5 month high.

We want you to pull up EQS immediately and start your research.

‍3 Key Reasons Why Equus Total Return, Inc. (NYSE: EQS) Could Become A Near Term Breakout Target

1. Ultra-Low Float Situation

With an incredibly low float of less than 7Mn shares available, Equus Total Return, Inc. (NYSE: EQS) is in a unique position. Such scarcity can lead to significantly volatile swings, making it very important to keep a close eye on this one.

2. Strategic Expansion

Amidst the recent surge in oil prices, Morgan E&P, a subsidiary of Equus Total Return, Inc. (NYSE: EQS), has been strategically expanding its net acreage and reserves in the Bakken region which has recently witnessed acquisition activity. This expansion signifies a commitment to growth and adds depth to the company’s potential.

3. Strong Insider Ownership

With over 54% insider ownership, Equus Total Return, Inc. (NYSE: EQS) demonstrates a high level of confidence from its management team. Such insider interest aligns their success with that of other shareholders, providing transparency and potential for long-term growth.

‍

Equus Subsidiary Morgan E&P Completes Two Horizontal Wells

• Completes Sale of Wellbore Working Interest For $5.6 Million
• Gross Oil Production Over 1,000 Barrels Per Day

HOUSTON, Feb. 13, 2024 (GLOBE NEWSWIRE) —  Equus Total Return, Inc. (NYSE: EQS) (“Equus”) today announced that Morgan E&P, LLC (“Morgan”), a wholly-owned subsidiary of Equus, has completed its first two wells in Billings County, North Dakota, the Baranko 1-28H and the Obrigewitch 1-33H. Morgan received its drilling permits from the North Dakota Industrial Commission (“NDIC”) in September 2023 and successfully completed drilling in October. Both wells, along with construction of production facilities, were completed by the end of November.Morgan drilled both wells into their target zones of the Middle Bakken, with the Baranko achieving a total depth of 19,920 feet and the Obrigewitch achieving a total depth of 21,356 feet. The wells were completed with 60-stage fracture stimulations.The wells began flowback procedures on December 3, 2023. To accelerate the flowback process, Electronic Submersible Pumps (ESPs) were installed in the wells. The installation was completed on January 26, 2024. The ESPs are still removing water used to fracture the formation, resulting in an increasing oil cut. Currently, the two wells are producing at a combined rate over 1,000 barrels of oil per day. Morgan anticipates further increases as the wells continue flowback for the next few weeks. Morgan expects to publish its initial IP 30 rate towards the end of Q1 2024.Morgan has completed a Purchase and Sale Agreement (“PSA”) for the divestiture of certain of its working interests to Bakken Partners I, LLC (“BPI”) in the amount of $5.6 million. The sale of working interests provides BPI an average of approximately 37% working interest prior to royalty and other working interest burdens and operating expenses in these first two horizontal wells. The proceeds will be utilized for past and future capital expenditures related to the drilling and completion of Morgan’s first two wells. This will reduce the overall capital expenditure for Morgan.The PSA provides BPI with an option to participate up to 15.0% in future wells, within the first two Drilling Space Units (“DSUs”) only, upon Morgan’s election to drill additional wells in these DSUs.

Equus Subsidiary Morgan E&P Provides Update on Reserves

Certified Proven Reserve PV10 Value Up 135%

HOUSTON, Feb. 14, 2024 (GLOBE NEWSWIRE) — Equus Total Return, Inc. (NYSE: EQS) (“Equus”) today announced that its wholly-owned subsidiary Morgan E&P, LLC (“Morgan”), has received from Cawley, Gillespie & Associates, Inc. (“CG&A”) an updated reserve estimate as of January 1, 2024.

Morgan continues to acquire mineral rights in the Bakken/Three Forks formation in the Williston Basin of North Dakota, and on December 18, 2023, announced an increase in its acreage in this area from 4,747.52 net acres to 5,976.84 net acres, an increase of 1,229.32 net acres, or approximately 25.9%.

Morgan engaged the petroleum engineering firm of CG&A to review and provide an updated reserve analysis of this asset using the December 29, 2023 NYMEX strip pricing.

Using a discount rate of 10% (PV10 Valuation) the values of proved, probable, and possible reserves associated with the project are $31,986,856, $13,898,074, and $62,025,104, respectively.

The most notable change in the reserve report is the conversion of possible reserves into proved developed producing (“PDP”) reserves of $27,359,924, resulting from the successful completion of the two previously announced wells, the Baranko 1-28H and the Obrigewitch 1-33H. Morgan drilled both wells into their target zones of the Middle Bakken with the Baranko achieving a total depth of 19,920 feet and the Obrigewitch achieving a total depth of 21,356 feet. The wells were completed with 60-stage fracture stimulations. Both wells are currently in flowback.

Using a discount rate of 10% (PV10 Valuation) the value of proved reserves increased 135% from the previously announced $13,575,442 million of proved undeveloped (“PUD”) reserves to $31,986,856 million, of which $27,359,924 million is PDP and $4,626,930 million is PUD.

CG&A continues to confirm forty-six (46) gross drilling locations, in addition to the two wells already drilled. They have increased Morgan’s net drilling locations from fifteen (15) to eighteen (18). As additional net acreage and working interests are acquired, the resulting number of net drilling locations is expected to increase accordingly. Neither CG&A nor Morgan can guarantee any amounts that may be recoverable from these properties. Based on a historical analysis of the geologic strata that are the subject of Morgan’s development rights CG&A has noted the estimated ultimate recovery (“EUR”) from a single well is expected to be approximately 814,000 barrels of oil equivalent.

Equus Total Return, Inc. (NYSE: EQS): Transitioning from BDC to an Operating Company

Understanding Equus Total Return, Inc. as a BDC

Equus Total Return, Inc. (NYSE: EQS) operates as a Business Development Company (BDC), specializing in in-vest-ments in privately owned, small- and medium-sized enterprises. BDCs like Equus provide access to private market opp’s and offer liquidity, making them attractive to track.

Advantages of BDCs

BDCs offer advantages such as access to private companies, enhanced liquidity, and transparency due to their regulated nature. Equus, along with its subsidiary, Morgan E&P, LLC, has been actively expanding in the Bakken region, demonstrating growth potential.

Seeking to Transform Equus into an Operating Company

Equus Total Return, Inc. (NYSE: EQS) plans to shift from its BDC status to become an operating company, unlocking various benefits:

• Growth opp’s through acquisitions and organic growth.
• Lower compliance costs as a percentage of assets.
• Flexibility in issuing equity and other securities.
• Streamlined related party transactions.
• Enhanced compensation packages.
• Expanded in-vest-ment options.

Anticipated Timeline

Equus Total Return, Inc. (NYSE: EQS) is actively evaluating merger and acquisition candidates and transaction structures.

After securing shareholder approval, they will actively pursue the transformation into an operating company, with the timeline contingent on meeting necessary conditions.

Equus Total Return, Inc. (NYSE: EQS) is on the path to transition from a BDC to an operating company, aiming to provide enhanced growth opp’s and benefits for both the company and its shareholders.

—–

And here’s the potential catalysts to focus on right now…

#1. Equus Total Return, Inc. (NYSE: EQS)’s Ultra-Low Float Needs Your Immediate Attention!

Finviz was reporting EQS to have a float of fewer than 7Mn shares.

Why is this important? One word: Volatility.

When a profile has a float this small, volatility can create an environment for explosive intraday and short term chart moves.

This environment will typically need another catalyst, like company news, whether good or bad, to spark a move.

Which is why it’s important to look out for stuff like this…

#2. Equus Total Return, Inc. (NYSE: EQS) Subsidiary, Morgan E&P, Expands in the Bakken – A Closer Look.

Equus Total Return, Inc. (NYSE: EQS) and its wholly-owned subsidiary, Morgan E&P, LLC, have recently made significant strides in their exploration and production endeavors within the Bakken/Three Forks formation in the Williston Basin of North Dakota.

This expansion comes as part of Equus Total Return, Inc. (NYSE: EQS)’s ongoing efforts to enhance its presence in the oil and gas industry.

Morgan E&P’s Acreage Expansion

Morgan E&P, LLC, a subsidiary of Equus, has demonstrated its commitment to growth by strategically acquiring additional mineral rights in the Bakken region.

The company has expanded its net acreage from 4,747.52 to 5,976.84, marking an impressive increase of 1,229.32 net acres, approximately 25.9% growth.

This expansion reflects Morgan E&P’s confidence in the potential of the Bakken/Three Forks formation as a valuable asset in their portfolio.

To further bolster their efforts in the Bakken, Morgan E&P engaged the expertise of the petroleum engineering firm, Cawley, Gillespie & Associates, Inc. (CG&A), to conduct a comprehensive reserve analysis.

The evaluation utilized the November 30th, 2023 NYMEX strip pricing and applied a discount rate of 10% (PV 10 Valuation).

The results have been remarkable, with proved undeveloped, probable, and possible reserves values reaching $13+Mn, $30+Mn, and $71+Mn, respectively.

CG&A’s analysis has also reaffirmed the presence of forty-eight (48) gross drilling locations, with an increase in Morgan’s net drilling locations from fifteen (15) to eighteen (18).

As Morgan E&P continues to acquire additional net acreage and working interests, the number of net drilling locations is expected to grow accordingly.

It’s important to note that while these estimates are promising, neither CG&A nor Morgan can guarantee the exact recoverable amounts from these properties.

However, based on geological data, the estimated ultimate recovery (“EUR”) from a single well is expected to be approximately 814K barrels of oil equivalent.

Read more here.

#3. Strong Insider Ownership Helps Display A Very Noticeable Sign Of Potential Confidence.

Overall, Equus Total Return, Inc. (NYSE: EQS) has several potential catalysts, like a low public float and huge news from their subsidiary.

Maybe that’s why Equus Total Return, Inc. (NYSE: EQS) insiders are holding onto so many shares according to Finviz.

Strong insider ownership can be an indication of a company’s health and long-term potential.

When insiders own a significant percentage of a company’s shares, they have a vested interest in the company’s success, which can align their interests with those of other shareholders.

High insider ownership typically signals that insiders believe in the company’s future prospects and have confidence in its management team.

Equus Total Return, Inc. (NYSE: EQS) has over 54% insider ownership, which is a strong indication of confidence in the company’s future prospects.

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In November 2023, Equus Total Return, Inc. (NYSE: EQS) revealed its third-quarter net asset value, marking a significant milestone for the company.

The highlight of this announcement was the remarkable performance of its wholly-owned subsidiary, Morgan E&P, LLC, which has been actively expanding and enhancing its operations in the Bakken/Three Forks formation within the Williston Basin of North Dakota.

Strong Growth in Net Asset Value

Equus Total Return, Inc. reported net assets as of September 30, 2023, amounting to $47,128, a significant increase compared to previous quarters. The comparative data below offers a clear snapshot of EQS’s net asset value over the past year:

Image Source

The most significant takeaway from this report was the surge in net asset value per share, which rose to $3.49 as of September 30, 2023, from $2.96 as of June 30, 2023.

Morgan E&P’s Expansion and Drilling Initiative

Morgan E&P, a wholly-owned subsidiary of Equus Total Return, Inc., has been instrumental in driving the company’s growth. On May 22, 2023, Morgan completed the acquisition of 4,747.52 net acres in the Bakken/Three Forks formation.

This strategic move was followed by another acquisition of an additional 1,150 net acres during the third quarter of 2023.

Moreover, the value of Morgan’s reserves experienced significant growth in the same quarter, signaling the promising potential of its assets in the Bakken region. The number of net drilling locations also increased, indicating a robust drilling program. Most notably, Morgan E&P initiated the drilling of two wells during this period.

As of September 30, 2023, Equus Total Return, Inc. valued Morgan’s equity at approximately $15.0 million. This valuation is primarily based on the company’s expectations of Morgan successfully completing its two ongoing wells and generating future operating cash flow.

It’s worth noting that the company enlisted the support of a reputable third-party valuation firm to ensure the accuracy and validity of the fair value determination for its investment in Morgan E&P, LLC.

Equus Total Return, Inc. (NYSE: EQS)’s third-quarter net asset value report showcases a remarkable increase in its net asset value per share.
This growth is largely attributed to the outstanding performance of its wholly-owned subsidiary, Morgan E&P, LLC, in the Bakken/Three Forks formation.

Morgan E&P’s expansion efforts, coupled with the initiation of drilling activities, underscore the company’s commitment to maximizing the potential of its energy-related investments.

NEWS

PUBLISHED

FEB 14, 2024

Equus Subsidiary Morgan E&P Provides Update on Reserves

PUBLISHED

FEB 13, 2024

Equus Subsidiary Morgan E&P Completes Two Horizontal Wells

PUBLISHED

DEC 18, 2023

Equus Subsidiary, Morgan E&P, Increases Net Acreage and Reserves in the Bakken

PUBLISHED

NOV 14, 2023

EQUUS ANNOUNCES THIRD QUARTER NET ASSET VALUE

‍

MANAGEMENT TEAM

Robert L. Knauss

Chairman of the Board

Chairman of the Board of Philip Services Corp. (industrial services) from 1998 to 2003, and Chairman of the Board and CEO of Baltic International USA, Inc. from 1995 to 2003. During the past twenty years, Mr. Knauss has served on the Boards of Directors of eight public companies. Mr. Knauss was the former Dean and Distinguished University Professor of University of Houston Law School and was also Dean of Vanderbilt Law School.

John A. Hardy

Chief Executive Officer

Chief Executive Officer of the Fund since June 2011; Executive Chairman of the Fund from June 2010 to June 2011; Director of the Fund since May 2010. Mr. Hardy has had extensive experience in the insurance, finance and banking sectors, as well as mergers and acquisitions and litigation and resolution of multi-jurisdictional disputes practicing as a Barrister from 1978-2002. Mr. Hardy was also an adjunct Professor lecturing in insurance law at the University of British Columbia from 1984-2000.

L’Sheryl D. Hudson

Sr. Vice President, CFO and Treasurer

Ms. Hudson has been Vice President, Chief Financial Officer of Equus Total Return, Inc. since November 14, 2006. She served as Associate Director of WestLB Asset Management (US), LLC (“WestAM”) from 2002 to 2006. She served as Director of Portfolio Management and Valuation at Enron Corporation from 1998 to 2001.

Kenneth I. Denos

Chief Compliance Officer and Secretary

Mr. Denos has been Secretary of the Company since 2010 and Chief Compliance Officer of Equus Total Return, Inc. since July 2011. He has practiced securities law since 1996 and oversees regulatory filings for a variety of U.S. and international public companies. He specializes in securities, mergers and acquisitions, corporate finance, and regulatory compliance. For the past 15 years, Mr. Denos has served as a director or principal for several small-cap public companies on the London AIM, Frankfurt Stock Exchange, New York Stock Exchange, and the OTC Bulletin Board, and has worked closely with many public and private emerging growth companies throughout the world. In addition to a Bachelor of Science degree in Business Finance and Political Science, he holds a Master of Business Administration and a Juris Doctor from the University of Utah.

SINCERELY,

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TOON reported revenue of $10.1 million and $35.3 million, for the three and nine months ended September 30, 2023

Kartoon Channel! U.S. Paid Subscribers Increased in 2023, with New Trials More Than Doubling in Q4

Kartoon Channel! Anticipates First Ever Break-Even EBITDA in Fourth Quarter of 2023, a First Since Its Launch

New CFO Brian Parisi Brings Strong Track Record from the NFL and Live Nation, Focused on Value Creation, as well as Growing Revenues and Driving Sustainable Earnings

Kartoon Channel!’s Apple App Store User Rating Beats All Major Competitors, Including Netflix, Disney+, Cartoon Network, and Nickelodeon‍

‍

Kartoon Studios Announces Significant Increase in Content Production Planned for 2024. Read more: https://t.co/5tlkRwhcUX #KartoonStudios $TOON pic.twitter.com/pGfMiprzrh

— Kartoon Studios (@KartoonStudios) January 22, 2024

____________________________________________________

Hello Everyone,

We have another profile on deck for Tuesdays session.

When we profiled this one a few months back it opened at 1.28 and then exploded the next session all the way up to 1.90.

This one generated over $62M in revenues in 2022 and released some impressive numbers thus far for 2023.

Pull up TOON immediately.  

TOON achieved record revenue, increased its paid subscribers, expanded its international market coverage and reached break-even EBITDA in the fourth quarter of 2023.

Kartoon Channel! has steadily grown to become a pre-eminent children’s entertainment destination that delivers thousands of episodes of carefully curated, and family-friendly content. In 2023, paid subscribers increased 19% over 2022, in contrast to a number of streaming services that have been experiencing declines. Importantly, free trials, a leading indicator for future growth, more than doubled in Q4 2023 compared to the same period in 2022.

Kartoon Studios’ streaming business recently hit break-even for the latest quarter, a notable accomplishment among streaming services, many of which have struggled with losses. In addition, the Company has successfully reduced its customer acquisition costs by 50% from the first half to the second half of 2023, driving bigger margins through improved media efficiency and a successful content strategy.

Kartoon Channel! has firmly established itself as a top-tier entertainment destination for children, featuring content such as Stan Lee’s Superhero Kindergarten, Rainbow Rangers, Peppa Pig Shorts, Barney, Kidaverse Roblox Rumble, Llama Llama, Super Simple Songs, Melodee’s, Finny the Shark, Angry Birds, Yu-Gi-Oh! and more. The service has reached nearly 100% penetration of U.S. television households and is available across a broad range of platforms, including iOS, Android Mobile, Web, Amazon Prime Video, Apple TV, Android TV, Amazon Fire, Roku, Tubi, Pluto TV, Xumo, Comcast, Cox, Dish, Sling TV, Samsung and LG Smart TVs.

ANALYST COVERAGE:

Dawn James analyst James McIlree’s bullish $10 target for Kartoon Studios Inc. (NYSE: TOON) suggests an astonishing 941% upside potential from the company’s 52-week low and over 706% in potential upside from its recent $1.24 opening on 2/8/2024 according to Barchart.com. ⁽¹⁾⁽³⁾

EXPLOSIVE GROWTH POTENTIAL:

On the brink of a content revolution in 2024, Kartoon Studios Inc. (NYSE: TOON) is poised to flood the market with a diverse array of captivating storytelling and vibrant animation. With a strategic focus on revenue enhancement and operational optimization, the company is primed to unlock unprecedented growth opportunities. ⁽²⁾

BREAKTHROUGH STREAMING SUCCESS:

Kartoon Channel!, the company’s streaming network, achieved a groundbreaking milestone in 2023 by reaching breakeven just three years after its launch. ⁽²⁾

DIVERSE PORTFOLIO OF INTELLECTUAL PROPERTIES

Boasting an impressive lineup, Kartoon Studios Inc. (NYSE: TOON) has original IPs, ranging from legendary Stan Lee Universe creations to adventurous narratives like Blue Origin Space Rangers and the quirky Chikn’ Nuggit. With collaborations with industry titans like Netflix, Disney Channel, and Frederator Networks, Kartoon Studios offers market observers exposure to a diverse array of storytelling treasures poised for global distribution. ⁽²⁾

VISIONARY LEADERSHIP

With Gregg Goldin at the helm of content expansion as Senior Vice President of Development & Production, Kartoon Studios Inc. (NYSE: TOON) is poised to enter a new era of creative dynamism. Goldin’s unparalleled expertise and visionary leadership, honed through decades of experience at DreamWorks Animation, Cartoon Network, and MTV, position him as a driving force behind Kartoon Studios’ content renaissance. His track record of nurturing successful franchises and forging strategic partnerships underscores the company’s potential for delivering blockbuster results. ⁽²⁾

_________________________

In the ever-evolving landscape of children’s entertainment, Kartoon Studios Inc. (NYSE: TOON) emerges as a shining beacon of creativity and innovation. With a diverse portfolio of animated properties and a strategic focus on global distribution, Kartoon Studios is poised to captivate audiences worldwide while delivering substantial research opportunities to market observers.

Analyst James McIlree, CFA of Dawson James Securities, recently set a $10 target on Kartoon Studios, suggesting an impressive 969% upside potential from the company’s 52-week low of $.9346, set on 10/31/2024, according to Barchart.com. ⁽¹⁾⁽³⁾

Additionally, with its recent opening on 2/8/2024 at $1.24, the $10 target implies a remarkable 706% potential upside. This optimistic projection underscores the company’s transformative journey and its promising outlook for future growth and profitability. ⁽¹⁾⁽³⁾

Expanding Horizons with Shaq’s Garage ⁽¹⁾

One of Kartoon Studios’ standout offerings is “Shaq’s Garage,” an animated series starring none other than basketball legend Shaquille O’Neal. ⁽¹⁾

Launched in June on Pluto TV, “Shaq’s Garage” exceeded expectations, driving significant audience engagement and surpassing viewership numbers of all other Kartoon Channel titles combined. ⁽¹⁾

The availability of “Shaq’s Garage” across all Kartoon Channel platforms further solidifies its status as a cornerstone of the company’s content lineup, poised to drive higher revenue in the second half of the year. ⁽¹⁾

Strategic Acquisitions and Investments ⁽¹⁾

Kartoon Studios has undergone a remarkable transformation over the past 12 months, positioning itself as a global developer, producer, and distributor of animated children’s content.

Key acquisitions, including WOW Unlimited and Ameba TV, along with an investment in Your Family Entertainment AG (YFE), have significantly enhanced the company’s content creation capabilities and global distribution reach. ⁽¹⁾

With access to independently created content from WOW’s YouTube multi-channel network and YFE’s extensive distribution network spanning Europe, Asia, Latin America, Africa, and Australia, Kartoon Studios is well-positioned to reach audiences across the globe. ⁽¹⁾

Financial Strength and Strategic Initiatives ⁽¹⁾

Kartoon Studios Inc. (NYSE: TOON) reported revenue of $10.1 million and $35.3 million, for the three and nine months ended September 30, 2023. As of September 30, 2023, Kartoon Studios had current assets of $61.4 million, working capital of $11.8 million, and total stockholders’ equity of $74 million. ⁽⁸⁾

Valuation and Growth Potential ⁽¹⁾

McIlree’s $10 price target for Kartoon Studios is based on a comparable group of entertainment companies trading at 3x to 5x sales. Utilizing a conservative 4.5x sales multiple and a Q4 2024 run rate revenue estimate of $72 Mln, the target price reflects the company’s immense potential and compelling valuation. ⁽¹⁾

A Global Force in Children’s Entertainment

Kartoon Studios Inc. (NYSE: TOON) stands out as a unique and dynamic player in the entertainment industry, with a global distribution reach and a rich portfolio of beloved animated properties. ⁽¹⁾

With Shaq’s Garage leading the charge and a robust pipeline of content on the horizon, Kartoon Studios is poised to redefine the future of children’s entertainment for years to come. ⁽¹⁾

Global Animation Market Predicted to Skyrocket to $779B⁽⁴⁾

Chart Source (4)

The global animation market is on a trajectory of unprecedented growth, with estimates projecting it to surpass a staggering $779B by the year 2032. ⁽⁴⁾

A recent research report delving into the realm of the “Kids Animation Show and Drama Market” offers a glimpse into this booming industry, providing insightful perspectives and future market projections. ⁽⁵⁾

Surprisingly, within a mere four years, the global market for Kids Animation Show and Drama is expected to skyrocket to $8.3B by 2028, underscoring the rapid pace of expansion within this sector. ⁽⁵⁾

Driving Forces Behind Market Expansion

A pivotal driver propelling the growth of the animation industry is the relentless surge in technological advancements within the realms of communication and technology. ⁽⁴⁾

The emergence of revolutionary technologies such as virtual reality (VR) and artificial intelligence (AI) is poised to unlock new avenues of opportunity for market players worldwide. ⁽⁴⁾

Extended Reality (XR) technologies, including VR and AI, are witnessing remarkable advancements, revolutionizing the creative landscape of the animation industry. ⁽⁴⁾

The transformative potential of AI is set to redefine industrial growth, offering a myriad of opportunities for key players operating within the market. ⁽⁴⁾

Additionally, the rising adoption of visual effects technology in movies further augments the growth trajectory of the industry, promising substantial expansion though 2032.⁽⁴⁾

Strategic Partnerships: Catalysts for Market Growth ⁽⁴⁾

A notable trend observed within the global market is the proliferation of strategic partnerships among major industry players.

This collaborative approach is anticipated to persist and serve as a significant catalyst for market expansion in the foreseeable future, fostering innovation and driving growth across the sector. ⁽⁴⁾

Amidst the backdrop of this dynamic market landscape, Kartoon Studios Inc. (NYSE: TOON) emerges as one company to keep a close eye on. ⁽⁶⁾

Kartoon Studios Inc. (NYSE: TOON), a leading global media company, specializes in developing, producing, marketing, and licensing branded animated properties and consumer products for media and retail distribution. ⁽⁶⁾

A Diverse Portfolio of Family-Friendly Content

Kartoon Studios Inc. (NYSE: TOON) boasts an impressive IP portfolio, featuring a plethora of family-friendly content that resonates with audiences worldwide. ⁽⁶⁾

From the iconic Stan Lee brand and “Stan Lee’s Superhero Kindergarten” starring Arnold Schwarzenegger to the eagerly anticipated “Shaq’s Garage” featuring basketball legend Shaquille O’Neal, Kartoon Studios offers a rich tapestry of animated entertainment.

Notable productions include “Rainbow Rangers” on Kartoon Channel and Netflix, as well as “Llama Llama” starring Jennifer Garner, also on Netflix. ⁽⁶⁾

Strategic Acquisitions and Global Distribution Reach

In a strategic move to bolster its market presence, Kartoon Studios Inc. (NYSE: TOON) entered into an agreement to acquire Canada’s WOW! Unlimited Media, adding over 2,000 channels under the Channel Frederator Network to its repertoire. ⁽⁶⁾

Additionally, the company made a strategic investment in Germany’s Your Family Entertainment AG, further expanding its reach in Europe. ⁽⁶⁾

Kartoon Studios’ Toon Media Networks, comprising Kartoon Channel!, Frederator Network, and Ameba, constitutes a globally distributed entertainment platform with extensive penetration in the U.S. television market and a burgeoning international presence across 60 territories worldwide. ⁽⁶⁾

Under Kartoon Studios’ umbrella, Frederator Network reigns as the largest global animation network on YouTube, boasting over 2,000 exclusive creators and influencers.

With billions of views garnered every month, Frederator Network serves as a testament to Kartoon Studios’ commitment to fostering creativity and nurturing talent in the animation community.

Kartoon Studios Inc. (NYSE: TOON) Sets Sails for a Banner Year with a Content Tsunami in 2024 ⁽²⁾

Kartoon Studios Inc. (NYSE: TOON) is poised to unleash a wave of content in 2024, signaling an ambitious leap forward in its mission to captivate audiences with imaginative storytelling and vibrant animation.

With a strategic focus on boosting revenue and optimizing operations, the company is charting a course towards sustained profitability, buoyed by the resounding success of its streaming network, Kartoon Channel! ⁽²⁾

Chief Financial Officer, Brian Parisi, underscores the pivotal role of revenue-driving initiatives and operational efficiency in steering Kartoon Studios towards profitability. ⁽²⁾

The company’s streaming service, Kartoon Channel!, achieved a breakthrough in 2023 by reaching breakeven, a remarkable feat within just three years of its launch. ⁽²⁾

As Kartoon Channel! continues its ascent, dominating user rankings in the Apple app store among children’s content platforms, the stage is set for further financial milestones in 2024, aligning the company’s trajectory with industry giants like Netflix. ⁽²⁾

At the helm of Kartoon Studios Inc. (NYSE: TOON)’s content expansion is Gregg Goldin, a luminary in animation and content development. ⁽²⁾

Goldin’s illustrious career boasts stints at DreamWorks Animation, Cartoon Network, and MTV, where he played instrumental roles in shepherding iconic franchises and groundbreaking series to fruition. ⁽²⁾

His appointment as Senior Vice President of Development & Production heralds a new era of creative dynamism for Kartoon Studios, infused with his wealth of experience and visionary leadership.⁽²⁾

Goldin’s arrival coincides with an exciting lineup of projects poised to captivate audiences worldwide. ⁽²⁾

From original IPs sourced from the legendary Stan Lee Universe to adventurous narratives like Blue Origin Space Rangers and the quirky Chikn’ Nuggit, Kartoon Studios is primed to unleash a diverse array of storytelling treasures. ⁽²⁾

Collaborations with industry titans such as Netflix, Disney Channel, and Frederator Networks underscore the company’s commitment to delivering premium content across multiple platforms.

Andy Heyward, Chairman & CEO of Kartoon Studios, expresses his enthusiasm for the forthcoming wave of creative endeavors, highlighting Goldin’s invaluable contributions in fortifying the company’s content arsenal. ⁽²⁾

With Goldin spearheading development and production efforts, Kartoon Studios aims to cultivate a rich tapestry of intellectual properties poised for global distribution, mirroring Goldin’s previous successes in shepherding blockbuster franchises to fruition.⁽²⁾

Goldin’s track record of nurturing successful series and movies at DreamWorks Animation and Cartoon Network positions him as a pivotal architect in Kartoon Studios’ content renaissance. His adeptness in fostering partnerships and driving innovation underscores his instrumental role in propelling Kartoon Studios towards unprecedented heights of creative excellence and commercial success.⁽²⁾

In the rapidly evolving landscape of children’s entertainment, Kartoon Studios Inc. (NYSE: TOON) stands out as a beacon of creativity and innovation. With an expanding portfolio of original IPs, strategic partnerships, and a growing streaming platform, the company is poised to captivate audiences of all ages, reaffirming its position as a global leader in positive entertainment for children.

As Kartoon Studios Inc. (NYSE: TOON) embarks on its journey into 2024 and beyond, the stage is set for a symphony of storytelling brilliance, orchestrated by the industry’s finest talents and fueled by an unwavering commitment to delight, inspire, and entertain audiences around the world.

NEWS

Kartoon Studios’ Kids Media and Marketing Agency, Beacon Media Group, Grows Revenues, Client Base, and Delivers Successful Campaign Results in 2023

Feb 13, 2024

Kartoon Channel! Achieves Record Revenue, Subscriber Growth, and Global Coverage

Feb 13, 2024

Kartoon Studios CEO Andy Heyward and CFO Brian Parisi to Participate in the Benzinga All Access Event on February 13th at 11AM Eastern Time

Feb 12, 2024

Kartoon Studios and Penguin Young Readers Launch New “Llama Llama” Merchandise Retail Promotional and Charitable Program at Kohl’s

Feb 12, 2024

Kartoon Studios Announces Significant Increase in Content Production Planned for 2024

Jan 22, 2024

Kartoon Studios Provides Business Update for the Third Quarter of 2023

Nov 17, 2023

Kartoon Channel!’s Hit Series, “Shaq’s Garage,” Starring Shaquille O’Neal, Launches on Youtube and Tubi

Oct 19, 2023

Kartoon Studios Appoints Entertainment, Media and High-Tech Industry Executive, Brian Parisi, as Chief Financial Officer

Sep 27, 2023

Kartoon Studios Creates Limited-Edition Digital Artwork Commemorating Transition to the New York Stock Exchange

Aug 15, 2023

Kartoon Studios Provides Business Update for the Second Quarter of 2023

Aug 14, 2023

Kartoon Studios’ Kids and Family Streaming Business Records Rapid Growth

Aug 2, 2023

Kartoon Studios Celebrates 10th Anniversary of Its Netflix Hit and Growing Global Consumer Products Phenom, “Bee and PuppyCat”

Jul 31, 2023

Kartoon Studios Enters Malaysian Market with Kartoon Channel! Branded Block on Astro in August 2023

Jul 25, 2023

Kartoon Studios Through Its Controlling Interest in Stan Lee Universe Partners With Digital Leader, VeVe, for Stan Lee Digital Collectibles, Launched on July 18th

Jul 24, 2023

Kartoon Studios Announces Kartoon Films

Jul 13, 2023

Kartoon Studios Announces ‘Stan Lee Comics’, Based on Never-Before-Released Stories and Characters Created by Stan Lee

Jul 11, 2023

Kartoon Studios’ Premiere of Shaq’s Garage, Starring Shaquille O’Neal, Outperforms During June Exclusive on Pluto TV

Jul 10, 2023

Kartoon Studios Announces the World Premiere Of “Excelsior! The Life and Legacy of Stan Lee” Exhibition

Jun 27, 2023

Kartoon Studios Chairman & CEO to Appear Live on The Claman Countdown on Fox Business Network Today

Jun 26, 2023

Kartoon Studios Transfers Listing to NYSE American – Begins Trading Under New Ticker Symbol ‘TOON’

Jun 26, 2023

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MANAGEMENT TEAM

Andy Heyward

Chairman & Chief Executive Officer

Emmy Award-winning Andy Heyward has made more episodes of kid’s television than any other producer.  After graduating from UCLA with a Bachelor of Arts degree in Philosophy in 1975, he joined Hanna-Barbera as a writer and story editor.  During his five years with Hanna-Barbera, he was involved in the development and writing of numerous series including Scooby Doo, Flintstones, Jetsons, Smurfs, Yogi Bear and Scooby’s All Star Laff-A-Lympics.  In 1980 he moved to France where he joined DIC Audiovisual, a production company specializing in children’s animated programming.  In 1982, he co-created Inspector Gadget and during the following years he has produced over 5,000 episodes of award-winning children’s programs, most of which shows and brands are household names, including Inspector Gadget, The Real Ghostbusters, Alvin and the Chipmunks, G.I. Joe, Hello Kitty, Sonic the Hedgehog, Super Mario Bros, Sabrina the Teenage Witch, Strawberry Shortcake, Care Bears, Captain Planet, Teddy Ruxpin, Sailor Moon, Madeline, Where on Earth is Carmen Sandiego, Liberty’s Kids, and dozens more.  In 1994, he convened the National PTA, National Education Association, UCLA and producers from throughout the industry to draft the first voluntary set of program guidelines for children’s television.  In 1996, he hosted the first meeting between then FCC Chairman Reed Hundt and children’s television producers.

Today under Kartoon Studios, Heyward produces and licenses brands ranging from Stan Lee Universe, to Baby Genius, to Warren Buffett’s Secret Millionaires Club, to Thomas Edison’s Secret Lab, to SpacePop for the global market.  He has also been the largest producer of FCC mandated educational informational programming for children, and has produced hundreds of PSAs promoting child safety, health, exercise, and nutrition.  In collaboration with Warren Buffett, he produces the short film which opens the annual Berkshire Hathaway Shareholders meeting, and he co-authored a book with Warren Buffett promoting financial literacy for kids.  Heyward is also the author of Go Go Gadget – The Creation of Inspector Gadget.

Andy’s notable work in children’s programming has earned him multiple industry awards, and his charitable efforts off-screen have resulted in numerous recognitions. Some of his awards include two Emmys, nine Emmy nominations, two Humanitas Awards, two Cable Ace Awards, five Golden Reel Awards, three Environmental Media Awards, a New York Television Festival Award and a National Education Association Award, among others.  He was inducted into the KidScreen Hall of Fame, and won the Studio of the Year at Italy’s Cartoons on the Bay International Festival of Television Animation in 2006 (co-awarded to Roy Disney).

Heyward is a member of the Producers Guild of America, the National Academy of Television Arts and Sciences, the International Academy of Television Arts and Sciences, and the British Academy of Film and Television Arts (BAFTA).  He was the 2010 UCLA College of Humanities Commencement speaker and is currently a Mentor in the UCLA mentoring program.  He is active in many community activities, including serving on the Board of Directors of Cedars-Sinai Medical Center.

Margaret Loesch

Executive Chairman Kartoon Channel!

Throughout her formidable career, Margaret Loesch has held senior roles with numerous leading companies as both a creative and business executive. In 1990, she became the founding President and CEO of Fox Kids Networks Worldwide, growing the channels across all metrics, where it was eventually sold to the Walt Disney Company for $5.5 billion. During this time, she launched a multitude of hit series, including the billion-dollar brand Power Rangers, growing Fox Kids into the top children’s program service on television.

Prior to Fox Kids, Loesch served as President & CEO of Marvel Productions. Previously, she was President of The Jim Henson Company, and the Founding President & CEO of the U.S. Hallmark Channel and Crown Media U.S. Most recently, Loesch served as President of the HUB, which was a joint venture between Hasbro Toys and Discovery Communications, where she had oversight of all business and creative areas of the network. In addition to Power Rangers, her resume includes launching some of the most successful animated children’s properties in the world, such as Batman, Spider-Man, Steven Spielberg’s Animaniacs, Transformers, My Little Pony, X-Men, Muppet Babies, and Fraggle Rock.

Michael Jaffa

Chief Operating Officer

Michael Jaffa served as Head of Business Affairs at DreamWorks Animation Television and was responsible for all studio business and legal affairs matters, including the negotiation and drafting of hundreds of development, production, acquisition, talent, digital and music agreements. Previously, he was the Vice President of Legal & Business Affairs for Hasbro Studios, working directly with Hasbro Studios’ President, CFO, and General Manager to help create programs and launch strategy for a new studio and related network. Michael has also represented various clients, including Sony Pictures Animation and MGM Studios. Michael received a J.D. from New York University School of Law.

Brian Parisi

Chief Financial Officer

Mr. Parisi brings 30 years of experience across the entertainment, media, and high-tech industries, specializing in finance, accounting, M&A, corporate strategy, and business development. Before joining Kartoon Studios, he was the Chief Financial Officer at Break the Floor Productions in Hollywood, California, an entertainment production company. In this role, he notably prepared the company for sale, successfully completing two separate transactions with PE firms. He managed all finance and accounting functions and effectively reduced the company’s overall risk exposure. Previously, Mr. Parisi served as the Chief Financial Officer at the NFL Hall of Fame Village (HOFV), where he oversaw a wide range of financial activities including managing construction budgets, assist the company with its IPO, financial reporting, and cash management for the nearly $1 billion investment in a newly designed entertainment complex in Canton, Ohio. In addition, he served as the Head of Finance for the Festivals Division at Live Nation Entertainment (LYV) where he was responsible for developing strategic plans for Electronic Dance Music festivals in multiple countries with more than 1.3 million fans annually. Mr. Parisi has also held leadership positions at Warner Bros. Entertainment (WBD) and NBC Universal (CMCSA).

Mr. Parisi is a CPA and holds a B.S. in Accounting from Purdue University, Daniel School of Business, and an M.B.A in Strategic Management from the University of Southern California, Marshall School of Business.

Jon Ollwerther

Executive Vice President

Ollwerther joins Kartoon Studios from Measure, the nation’s leading Drone as a Service® company.  As Vice President of Media, Ollwerther grew the Arts & Entertainment division from its inception and worked with leading media companies and advertisers like ABC, CBS, ESPN, Red Bull Media House, Coach, Prada, Maker’s Mark, and Nissan.

As a trailblazer in an emerging industry, Ollwerther focused on leveraging drones as a tool for artistic expression and informational use, including major franchise films to live concerts and events. Among other accomplishments, he pioneered live broadcasting via drone for news and sports and spearheaded the first live drone network broadcasts in America, and helped bring drone light shows to life.  Working with clients across the country and around the world, Ollwerther has an extensive credit list of collaborations with brands and advertising agencies to create unforgettable experiences. Prior to joining Measure, Ollwerther was the COO of an aerial robotics company based in NYC.

Lloyd Mintz

Senior Vice President, Head of Worldwide Consumer Products

Lloyd Mintz is a seasoned industry executive with more than 20 years of experience in licensing, merchandising and new business development and is widely respected for his expertise in leveraging brand equity through licensing. He works with retailers and licensees to build comprehensive global consumer products’ programs for each of the company’s brands. Prior to Kartoon Studios, Lloyd managed his own consultancy during which time he negotiated more than 150 licensing agreements and generated over $700MM in cumulative retail sales on behalf of clients across a range of brand owners and manufacturers. Most recently, he worked as Executive Vice President of Licensing for NYC-based Galaxy Brands that owned the AND1 and AVIA athletic brands. Previously, Lloyd worked at Hasbro, Inc. as the Vice President of Domestic Corporate Licensing where he pioneered the effort to license Hasbro’s classic game brands, such as Monopoly, to slot machine manufacturers. He began his licensing industry career at Disney Consumer Products where he oversaw Disney’s largest licensee, Mattel, Inc., and their development of toy programs for classic properties such as Lion King, Winnie the Pooh, and Aladdin. Lloyd graduated from Wesleyan University and earned his M.B.A. from UCLA’s Anderson School of Management.

Gregg Goldin

Senior Vice President, Development & Production

Goldin joins Kartoon Studios with over twenty years of experience in animation and live-action content development and production, overseeing highly successful movies and series across multiple genres, including DreamWorks Animation’s blockbuster franchises How to Train Your Dragon, Kung Fu Panda, and Fast & Furious. In this new role, Goldin will be responsible for heading up development and production for both new and original IP to deliver to the marketplace.

Cindy Kelly

President of Beacon Media Group

Kelly joins Kartoon Studios with over 25 years of experience in executive sales and sponsorship roles at leading media companies, including extensive children’s media sales at Cartoon Network. She also served as Broadcast Account Supervisor at Ogilvy & Mather Advertising in NYC, overseeing media strategy for blue chip accounts, including, Mattel Toys, Campbell’s Soup and Paramount Pictures.

Todd Steinman

President of Toon Media Networks

Todd Steinman is an accomplished growth marketing executive who with extensive B2B and B2C experience.  Prior to joining Kartoon Studios, Steinman most recently served as Vice President in the Direct to Consumer and International division at The Walt Disney Company, which included Disney+ during its launch. He helped create solutions to leverage the Walt Disney Company’s portfolio of linear and digital brands, including DISNEY, HULU, ESPN, ABC, FREEFORM, FX, and Nat Geo, while setting strategy for ad sales and revenue teams. Prior to his role at The Walt Disney Company, Steinman co-founded the digital media agency, M80, and then led the NBC Universal media team for WPP after they acquired M80. He negotiated multi-million-dollar annual media deals with Google/YouTube, Amazon, Hulu, Disney, Twitter, Snapchat, Spotify, and others, while managing an annual budget north of $1 billion.

Paul Robinson

President of Kartoon Channel! Worldwide

Paul Robinson is an accomplished and seasoned media executive with significant experience developing media brands around the globe. Robinson previously served as Managing Director of Disney Channel Worldwide, where he was responsible for global programming and production strategy. He also founded the Toon Disney and Playhouse Disney television channels internationally. Before his tenure at The Walt Disney Company, Robinson was Head of Strategy for the BBC Newtork Radio, overseeing the strategy development for BBC Radios 1, 2, 3, 4, and 5 Live. Additionally, he has served as Managing Director of talkSPORT; Co-Founder and CEO of KidsCO, NBCUniversal’s international children’s channel; and Executive Vice President of Your Family Entertainment AG, in which Kartoon Studios recently acquired a controlling stake.

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