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Thursday, August 11, 2022

PCTI Success Puts Ozop Surgical Corp (OTCMKTS: OZSC) Back on Track

Ozop Surgical Corp (OTCMKTS: OZSC) is moving upwards in recent trading on a surge of buy volume and looks to be northbound again. OZSC has ready-made liquidity, legions of shareholders and a really exciting story so it’s no surprise this one is on the rise again. OZSC got a boost after the Company after PCTI begun a partnership with Talva Energy, a renewable energy development and consulting firm.

PCTI has been making a number of big moves and 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.

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.

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. “

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OZSC

Last month OZSC reported its wholly owned subsidiary, Power Conversion Technologies, Inc. (PCTI), has 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. Built in 1938, the Bonneville Lock and Dam was the first federal lock and dam on the Columbia and Snake Rivers. Today, its two powerhouses consist of 18 generators, with a combined total output of 1.2 MW.

On August 6 OZSC announced its wholly owned subsidiary, Power Conversion Technologies, Inc. (PCTI) has begun a partnership with Talva Energy, a renewable energy development and consulting firm. Talva and PCTI will be working together 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 running northbound since a significant reversal OZSC is an exciting Company making big moves 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. OZSC has ready-made liquidity, legions of shareholders and a really exciting story thats quickly gaining traction. 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

 

Ali Raza
A journalist, with experience in web journalism and marketing. Ali holds a master degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of cryptocurrency publications.

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1 COMMENT

  1. Nice reporting, except you forgot to mention the facts:

    1) That dilution from convertible debt has driven the number of outstanding shares from 617K on the day the “acquisition” was announced (Feb 28) to 2.68B shares as of August 8.

    2) The Series D preferred shares given to Catherine Chis and Brian Conway as part of the deal are convertible to 3X the OS at the time of conversion, which means that there are 10.74 fully diluted shares for the purpose of calculating EPS and Market Cap,

    3) Five months after the acquisition has been announced and one month after the deal was closed, there are still no released PCTI financials to back up the claims of bids and possible contracts.

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