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Wednesday, June 29, 2022

Ozop Surgical Corp (OTCMKTS: OZSC) Heats Up

Ozop Surgical Corp (OTCMKTS: OZSC) has been on the rise in recent weeks running out of sub penny land well into penny land and emerging as a volume leader and top traded stock.

Its easy to get excited about OZSC, its subsidiary Power Conversion Technologies, Inc. was included in a 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. On Friday 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.

Earlier this year the Compnay acquired Power Conversion Technologies, Inc (pcti.com) invents, designs, develops, manufactures and distributes standard and custom power electronic solutions. Founded in 1991 and located in East Butler, Pennsylvania, the Company’s mission is to be the global leader for high power electronics with a standard of continued innovation.

OZSC has been putting out some big news; on June 2 the Company announced Power Conversion Technologies, Inc. (“PCTI”), has recently been included in a bid issued by a defense contractor for the US Air Force for the manufacture of various power converter modules for two prototype flight-line power carts as part of the Air Force’s Flightline of the Future effort equipment and communications modernization effort. Currently the Air Force uses older diesel engine driven generators and is looking to switch to pure battery powered carts. The Air Force currently has 4,500 generator, primarily diesel engine driven.

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The intention of this effort is to replace them with efficient, quiet battery-powered carts. Management believes that with its numerous years of experience in the field working with the Air Force, other branches of the DOD as well as previous similar successful projects with this client, it is well positioned to be selected for this contract. The average revenue per cart for PCTI is estimated to be between $80,000 and $100,000 depending on quantity. PCTI President Catherine Chis commented “We had an excellent collaborative relationship with this client on a previous project. Our team would enjoy working with them again on this important opportunity for the modernization effort for the Air Force.”

On June 17 the Company announced Power Conversion Technologies, Inc. (“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.

“Our reputation is built on our ability to meet the exacting standards of mission-critical systems when other vendors cannot,” said PCTI President Catherine Chis. “We’re happy that this defense contractor has again turned to us for an innovative custom solution for this unique application.”

PCTI is recognized in the industry as having a breadth of knowledge and expertise in the field of power conversion and management systems. Global players seek out PCTI for projects especially where no readily available solutions exist. These clients rely on PCTI’s engineering and design capabilities to offer tailored solutions to these industry leading companies. PCTI expects to hear back on its bid within the next 60 days and to be successful in obtaining a purchase order.

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Currently trading at a $9 million market valuation OZSC is an exciting story developing in small caps. The Companies newly acquired subsidiary Power Conversion Technologies, Inc. was included in a 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. On Friday 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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