SOURCE: Umbra Applied Technologies Group, Inc.

Umbra Applied Technologies Group, Inc.

July 22, 2015 09:15 ET

Umbra Applied Technologies Group to Grow as It Enters New Markets and Adds Capabilities

SHORT HILLS, NJ--(Marketwired - Jul 22, 2015) - Umbra Applied Technologies Group (OTC PINK: UATG) announced today that it has begun planning the build out of a second Tampa location, enlarging the firm's domestic operational footprint. This move will relocate existing corporate headquarters from Short Hills, NJ to the Tampa Bay area. The office is projected to be completed by the end of 2015. The new Tampa location will be larger than the UAT ARMS location currently under construction. The new corporate office will house the growing Intelligence Operations, product sales force, a customer service department and a warranty department to support expanding operations and the upcoming release of their much anticipated rifle platform, the UBR-16. In addition, UAT plans on launching the UAT BioTech product line in the fourth quarter. The announcement follows an aggressive acquisitions initiative having acquired more than 3 companies, and a vast portfolio of intellectual properties over the past 3 years. As a result of this strategy, it is projected that our Q3 earnings report will reflect modest revenues while Q4 is projected to build on its previous quarter significantly.

Since 2012, UAT has focused solely on Research & Development, Mergers & Acquisitions and Supply Chain & Manufacturing. With operations spanning the United States, UAT's foundation has been laid in preparation for the 2015 launch.

Mr. Umbra indicated infrastructure was a major focus for both physical plant concerns and also human capital development. Umbra emphasized, "Along with a comprehensive hiring mechanism from our traditional sources, we are looking to recruit more people with industry-specific and functional expertise across all divisions bringing fresh opportunities and expanding corporate capabilities."

The new corporate headquarters has been designed to house expanding operations across the globe. "This office builds on our strategy to fuel the company's growth, coupled with an exciting market with many important companies across many sectors," Umbra says. "Tampa is also an important strategic location considering its proximity to UAT's new firearms national distributor."

Learn more about the Umbra Applied Technologies Group at www.umbraappliedtechnologies.com

About Umbra Applied Technologies Group, Inc.

Umbra Applied Technologies is a member of the Umbra Applied Technologies Group (OTC PINK: UATG) family of companies. Umbra Applied Technologies, U.S. based Defense and Security Company, is engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services for defense, civil, and commercial applications in the United States and internationally. It also provides management, engineering, technical, scientific, logistic, and information services.

In support of air, land and naval forces, the company operates in five segments: Aeronautics, Information Systems & Global Solutions, Biotech, Alternative & Renewable Energy, and Intelligence Systems. The Aeronautics segment offers military aircrafts, such as unmanned combat and air mobility aircrafts, and related technologies. The Information Systems & Global Solutions segment provides advanced technology systems and security expertise, integrated information technology solutions, and management services for civil, defense, intelligence, and other government customers. The Biotech segment addresses critical gaps that are absent in defense medical research programs. The Alternative & Renewable Energy segment provides alternative solutions to energy through research in bio-electricity, wind, thermodynamic and solar energy. The Intelligence segment provides computational study of signals, open source and network intelligence through advanced metrics and algorithms to locate and extract sentiment from gathered intelligence.

For more information visit www.uatgroup.com or www.umbraappliedtechnologies.com

Forward-Looking and Cautionary Statements

This press release contains "forward-looking" statements that are based on present circumstances and on Umbra Applied Technologies Group predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements, including any statements regarding the plans and objectives of management for future operations or products, the market acceptance or future success of our products, and our future financial performance, are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements.

Forward-looking statements are made only as of the date of this release and Umbra Applied Technologies does not undertake and specifically declines any obligation to update any forward-looking statements. Readers should not place undue reliance on these forward-looking statements.

Contact Information

  • Investor and Media:
    Steffan Dalsgaard
    Everest Corporate Advisors, Inc.
    (702) 902-2361
    (702) 982-1339