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Thursday, August 11, 2022

Ozop Surgical Corp (OTCMKTS: OZSC) Surges as PCTI Gains Traction

Ozop Surgical Corp (OTCMKTS: OZSC) has been on the rise in recent days as Investors continue to accumulate at current levels. The stock has runner in its blood and recently popped over $0.05 highs. OZSC has ready-made liquidity, legions of shareholders and a really exciting story ever since they acquired PCTI.

OZSC recently announced it had repaid its legacy debt in full! this is big news as PCTI continues to make big moves with 4 projects in production and others in various states in the queue with over $6.9m in solid pipeline projects.

FA_PCTI Logo (white background)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) which 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.

PCTI has been biding on some big projects including being 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.

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OZSCIn July Ozop appointed William “Bill” Yargeau to the position of vice-president of business development. Prior to joining PCTI, Yargeau served in several leadership roles globally for a $2.4 billion, NYSE-traded industrial goods company, where he developed sales and marketing plans. During this time, he created innovative sales strategies as a key member of a global sales team that generated revenue increases of over $120 million company wide. For two years, Yargeau served as director of global sales, service and business development at Automated Precision, where he was responsible for year-on-year sales growth of 12 percent.

Last month PCTI received an order through a third party for support with a large renewable energy project managed by the U.S. Army Corps of Engineers. PCTI will develop and deliver highly specialized DC/AC converters for use at the Bonneville Lock and Dam, a hydroelectric power generating plant in the Columbia River Gorge. The project has features rarely seen in the power industry, including dual high current, low voltage DC inputs, at a higher output power rating, which require the use of some of the largest integrated power modules available today. This purchase marks the second order from this customer, which began relying on PCTI equipment in 2006.

Ozop recently began a partnership with Talva Energy, a renewable energy development and consulting firm to identify PCTI’s best path forward into the renewable energy and energy storage industries as well as advance their presence in the maritime/transportation industry. Catherine Chis President of PCTI, commented, “Talva has a very dynamic team with many skills. In a truly short time, they have provided market details, including key players and high potential projects for PCTI to engage. We are certain Talva will assist us in moving strategically in this direction and meeting our objectives.”

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Currently on the move northbound since the Company reported it paid off its legacy debt in full OZSC is an exciting story in small caps; PCTI currently has 4 projects in production and others in various states in the queue with over $6.9m in solid pipeline projects. PCTI has been biding on some big projects including being 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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