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Wednesday, October 5, 2022

Looking For Reversal on Ozop Surgical Corp (OTCMKTS: OZSC)

Ozop Surgical Corp (OTCMKTS: OZSC) is an exciting Company making big moves but the stock has taken a beating in recent days as heavy dilution rains the day. OZSC recently saw an explosive rise over $0.05 and got the attention of legions of shareholders who are looking for reversal.

It’s easy to get excited about OZSC; the Company just announced PCTI is the sole bidder on a project to upgrade a 1 MW power supply that will be used in a classified marine propulsion application for the U.S. Navy. This follows on the heels of recently included in another bid issued by a defense contractor for the US Air Force for the manufacture of various power converter modules for two prototype flight earlier this month. Several weeks ago the Company said PCTI has submitted a sole source bid to one of the world’s largest defense contractors for multiple power converter units to be used in naval automatic weapons systems.

Ozop Surgical Corp (OTCMKTS: OZSC) invents, designs, develops, manufactures and distributes innovative endoscopic instruments, surgical implants, instrumentation, devices and related technologies, focused on spine, neurological and pain management procedures and specialties. The Companies focus is on economically disrupting the market with clinically equivalent or superior existing and new products resulting in immediate and significant savings for providers, payors and consumers.

MicroCapDaily reported on OZSC RM back in February stating at the time: Ozop Surgical Corp (OTCMKTS: OZSCD) finished last week with a bang running up the charts after the Company announced Power Conversion Technologies, Inc., was reverse merging into OZSCD. PCTI operates in the very high power niche of the power electronics market, designing and manufacturing leading edge equipment for use in power conversion applications. Reverse merger plays are hot and have accounted for many of the biggest recent winners in small caps. PCTI was initially going to RM with ELTZ but that one fell through. OZSCD is currently trading with the extra “D” at the end of the ticker symbol which will be gone in several days. The extra “D” signifies the Company completed a reverse split which was affected on February 7 1000 to 1.

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OZSC

On June 5 OZSC announced its wholly owned subsidiary, Power Conversion Technologies, Inc. (PCTI), is the sole bidder on a project to upgrade a 1 MW power supply that will be used in a classified marine propulsion application for the U.S. Navy at one of the country’s largest naval bases. Included in the bid is a possibility of the purchase of a second unit. The power supply that the Navy asked PCTI to upgrade was originally purchased in 2015 for the Pacific Command, and is being improved as the Navy’s requirements for the classified marine propulsion application have been refined. The 7-ton, 1 MegaWatt power supply is very similar to units that would be used in the energy storage market that PCTI has identified as a strategic growth sector. Chis noted that an energy storage project would require multiple 1 MegaWatt units.

CEO Catherine Chis stated “We’re maintaining our unique position as the go-to source for ultra high-wattage power supply units as we move forward into the rapidly growing energy storage market. Our customers turn to PCTI for our leadership, technology, robust quality and long history of experience in marine propulsion applications. We deliver success where others fail.”

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Currently trading at a $22 million market valuation OZSC is an exciting Company making big moves but the stock has taken a beating in recent days as heavy dilution rains the day. OZSC recently saw an explosive rise over $0.05 and got the attention of legions of shareholders who are looking for reversal. It’s easy to get excited about OZSC; the Company just announced PCTI is the sole bidder on a project to upgrade a 1 MW power supply that will be used in a classified marine propulsion application for the U.S. Navy. This follows on the heels of recently included in another bid issued by a defense contractor for the US Air Force for the manufacture of various power converter modules for two prototype flight earlier this month. Several weeks ago the Company said PCTI has submitted a sole source bid to one of the world’s largest defense contractors for multiple power converter units to be used in naval automatic weapons systems. We will be updating on OZSC when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with OZSC.

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Disclosure: we hold no position in OZSC either long or short and we have not been compensated for this article

 

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