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Friday, January 27, 2023

Umbra Applied Technologies Group Inc (OTCMKTS: UATG) Steady Rise Northbound as Subsidiary H20 Processing Closes Two Contracts Totaling $30 Million

Umbra Applied Technologies Group Inc (OTCMKTS: UATG) is making an explosive move up the charts in recent weeks recently moving over a penny with dollar volume increasing to over $400,000 per day. UATG saw a spectacular move back in late 2020 and early 2021 skyrocketing up the charts from triple zeroes to highs near $0.05 per share. 

UATG is up big as the Company’s subsidiary H20 Processing, Inc reported two separate $15 million contracts over the past 2 weeks alone. Last week H20 signed a contract with Bellows Operating Salt Water Discharge to treat heavily iron contaminated crude oil followed by a contract this week with Synergy Crude LLC to treat iron contaminated crude oil. 

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Umbra Applied Technologies Group Inc (OTCMKTS: UATG) out of Spring Hill, Florida operates through its subsidiaries including San Antonio, Texas based, Ossifix Orthopedics whose products will be “coming on line” in the first quarter of 2023. Another subsidiary, the Dreaming Company, is expanding on the Hygieia product line with the launch of a new premium bedding line, Hygieia Sleep. Other subsidiaries include Colorado based Nathaniel Energy, Boost Words, Ossifix, and UAT. UATG is led by CEO and Chairman Alex Umbra who is the Company’s controlling shareholder and founder. 

Umbra subsidiary H20 Processing, Inc is a provider of new and improved technology to the waste-to-energy, water reclamation, and water treatment practices. The Company uses electro chemistry to remove, dissolve, suspend, or emulsify molecules, element, or ions in a water streams. Through this system, H20 Processing is able to provide cleaner water sources, conserving what once was considered “waste” or unusable water. The Company provides commercial services for nearly any type of industry, including oil, municipal and dairy facilities. H20 Processing has worked on numerous projects for big names, such as BP, Hamilton Motors, LA Municipal Sewage, and Levi. With an expanding portfolio of intellectual property, the H2O team has just recently begun its expansion as a full-provider and manufacturer of mobile on-site and fixed commercial water and oil treatment solutions.

H2O Processing’s mobile water treatment platform concluded field testing within Oklahoma and has been awarded the only state-wide permit in all 77 counties, to treat deleterious water to non-deleterious water. The mobile platforms are fully automated and can be managed remotely by either H2O Processing from their headquarters in Denver or managed by the Company’s authorized service provider. Both mobile platforms to treat crude oil and contaminated water, are ready for commercial production and are now being delivered to market. 

H20 Processing is led by CEO Stan Abrams who has been involved in the bio-mass, waste-to-energy business for the last 25 years. Mr. Abrams developed two public companies that designed and built several waste-to-energy plants in the U.S. and seven foreign countries. He aided in the design of a patented bio-mass combustor and its six patents. His companies proved the ability to take solid waste and make clean safe energy from it. This impressive accomplishment fueled him to continue research and development of sustainable waste water remediation technology. 

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Last week H2O Processing reported it has been contracted by Bellows Operating Salt Water Discharge (BOSWD to treat heavily iron contaminated crude oil. Under the agreement, H2O Processing will treat a minimum of 1,000 barrels of crude oil daily with an anticipated 1,500 bbls daily based on current production. The newly signed agreement allows for increased production of up to 8,000 bbls a day totaling more than $15 million dollars in annual revenue. Initial anticipated monthly production is valued to begin at more than $240,000 a month. 

On December 13 H2O Processing reported it has been contracted by Synergy Crude LLC to treat iron contaminated crude oil. Under the agreement, H2O Processing will treat an anticipated 1,500 bbls daily based on existing production. The contract specifies a reduction in iron contamination to under 10 ppm minimum so that product may be retailed to a U.S. pipeline. The newly signed agreement outlines an increase in production of up to 8,000 bbls a day totaling an estimated $15.4 million dollars in annual service contracts. Initial anticipated monthly production is valued to begin at an estimated $250,000. This contract is in addition to the contract announced last week. In total H2O has announced two contracts this month totaling over $30 million.

Chairman of H2O Processing parent company, UAT Group, Alex Umbra commented, “This announcement should prove just how timely and needed this technology is. I am incredibly proud of the H2O Processing team and it is nice to see their relentless pursuit of a solution deliver such incredible results to a global industry. They have not only created a valuable service but they have introduced technology that will have a measurable impact on the industry, our environment and potentially the prices consumers pay at the pump.” 

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Currently trading at an $11 million market valuation UATG OS is 1 billion with 910,715,222 shares in the public float. UATG has a strong balance sheet with $1.5 million in accounts payable but little debt besides that with fast growing revenues reporting $1,319,822 for the 9 months ended September 30. Revenues are about to see a huge jump as the Company’s subsidiary H20 Processing, Inc reports two separate $15 million contracts over the past 2 weeks alone. UATG recently rocketed over a penny and has quickly attracted a fast-growing shareholder base who are accumulating more as UATG continues northbound. We will be updating on UATG when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.

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

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