SOURCE: Umbra Applied Technologies Group, Inc.

Umbra Applied Technologies Group, Inc.

June 17, 2015 09:15 ET

Umbra Applied Technologies Group's (OTC: UATG) CEO Releases Shareholder Letter Commenting on Growth

SHORT HILLS, NJ--(Marketwired - Jun 17, 2015) - Umbra Applied Technologies Group (OTC: UATG)

Fellow Shareholders,

Over the past 36 months, senior management has been extremely active, investing more than $5 Million Dollars to capitalize and create our company from the ground up. We have purchased technology and companies totaling $23 million dollars in acquisition costs without increasing our debt. We have improved operations by building a staff with some of the best and brightest experts in their respective fields. Our team is developing a world-class intellectual property portfolio that is pressing the development of many paradigm-shifting products. The past ten months have been a whirlwind of activity focused on transitioning the company from a pure research and development position, into a company that is on the precipice of monetizing its full potential. We expect to achieve some very significant milestones coming over the next several months so I thought it would be prudent to send out a letter outlining what to expect.

Umbra Applied Technologies Group (UATG) is a growing company that is now starting to gather a lot of momentum. As many of you are aware, we began construction several months ago on a secured office location that will house and support the UAT ARMS division. As of today we anticipate that location to be complete and operational within 5 weeks. This site is located in a highly secured office building shared with several Federal Law Enforcement Agencies and will be home to the most advanced Battle Rifles in the world. The iconic, UBR-16 will lead the introduction of other exciting UAT ARMS innovations. The completion of the secured office will be a key step towards obtaining regulatory approval in the near future. The UAT ARMS divisions will share success with announcements regarding the ClearView Wrist Fixator, Apex Interphalangeal Implant, Helix Wind Turbine and UAT PowerTile.

Today, we are announcing an array of changes in UATG that will initiate a new approach to roles and responsibilities within UATG employment opportunities. We are pursuing comprehensive changes to our hiring, training, compensation, and work force management programs. In addition, we have begun to streamline and consolidate individual locations that will be sustainable over the long term and have improved overall corporate revenue.

One of the most immediate changes is that we have begun to focus heavily on hiring prior military and law enforcement professionals with existing security clearances and experience. This will save the company on valuable training time in addition to reduce, and in many instances eliminate entirely, the costs associated with getting potential employees expensive high level security clearances. I'm also excited about an innovative program that we are launching for future employees that we will make salaries and benefits directly tied to the performance of the company they are helping to build. Every team member at UATG is considered and treated like family. We look out for one another and everyone matters. There will be no better company in the world to learn, grow, and build a career than Umbra Applied Technologies Group.

As important as efficiency is, it is my belief that opportunity is more important. We will continue to provide a clear path to those wishing to move up or within the company and I believe that any company truly looking to evolve and the change the world in a way that only UATG can, must provide a myriad of opportunities to their employees to continue education, extend training and cultivate a corporate mindset of innovation. Employees within a technology and defense company cannot afford to be stagnant. They must be dynamic individuals always reaching to become a better version of themselves so the company can evolve and be ahead of any curve. There should be no limit to what you can do here. That's what makes this place special. I have witnessed it. I have experienced it. More to the point, I want nothing more than for every UATG family member today to feel that same connection to the company that I feel and to have the same opportunities I have had. 

Today, as the company grows and adds employees, the job of the CEO has evolved considerably. The singular vision and work of the job has expanded into team building. It's now about fostering an innovative corporate culture while continuing to hire people who are extraordinarily talented. My challenge is to empower those people to lead and grow, while coordinating everyone around our common corporate objectives, and ensuring that our company and shareholder value continues to grow stronger. Be assured that as we grow, we will not lose the ethos that earned us trust in the marketplace with customers and venders but, most importantly, in the hearts of our shareholders.

In addition, I urge everyone to sign-up/opt-in to our e-mail list so that you can always stay up to date on the latest news from UATG. To opt-in and become part of the UATG experience simply follow the link http://uatgroup.com/chairmans-letters/ and fill out field on the right under "Get Chairman's Letters & News by E-mail" or If you have any questions about our improved social media presence, please visit http://uatgroup.com/faq/.

Sincerely,

Alex Umbra
Chairman & Chief Executive Officer
Umbra Applied Technologies Group, Inc.

Contact Information

  • Contact:

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