Nac Global Technologies (NACG) 0.0269 $NACG
NAC Global Technologies Announces Planned Merger With SHE -- Swiss Heights Engineering -- a Holding Company for Bellelli Engineering Group and Petrochem Industrie Group
Marketwired - Wed Apr 27, 3:15PM CDT
NAC Global Technologies, Inc. (OTCQB: NACG) - NAC Global Technologies, Inc. today announced that it has agreed to terms and executed a Letter of Intent to acquire Swiss Heights Engineering S.A. (SHE) of Lugano, Switzerland, a holding company engaged to hold 100% of Bellelli group of companies and 100% of Petrochem Industrie group of companies The contemplated combination would vastly expand NAC's business size and its global footprint in the engineering services, energy markets, chemical processing, and petrochemical markets.
NAC Global Technologies Reports Record Quarter
Marketwired - Mon Nov 23, 7:01AM CST
NAC Global Technologies (OTCQB: NACG) reported record quarterly revenues of $254,598, a 30% increase over the prior quarter and 115% over the same period last year. YTD revenues were $574,564. Net quarterly operating loss decreased from $140,827 to $46,615 a 66% improvement and an 88% improvement over the same period last year. New customers include an international helicopter manufacturer integrating NAC drives into landing gear actuators. A three year production contract is anticipated in the coming months valued at approximately $1,000,000 over the three year term and is expected to extend at least ten years. Vincent Genovese, NAC CEO, said, "We believe a shift is happening, and it's happening now. We believe harmonic gearing usage is going to explode throughout industry soon. For centuries, conventional gears were everywhere, but we see a global shift occurring with harmonic gearing replacing conventional gears. Newly designed machines, robots, and production lines need the precision and small size of harmonic gearing. We foresaw this shift back in 2007 and positioned ourselves in front of the curve. Now, our incoming inquiries include robotic drives in Europe valued about $18,000,000 annually, $4,000,000 robotic application in Korea, and we have an identified sales pipeline exceeding $100,000,000. With an addressable market exceeding 1 billion dollars today, our near term revenue target is $25,000,000 and medium term exceeds $75,000,000. Our opportunity lies in ramping up and addressing the existing and rapidly expanding need for our technology."
NAC Global Technologies, Inc. Announces Pricing of Public Offering of Units
Marketwired - Wed Oct 07, 5:30AM CDT
NAC Global Technologies, Inc. (OTCQB: NACG) ("NAC" or the "Company"
, a development and manufacturing company that manufactures and supplies harmonic gearing technology, announced today the pricing of a public offering of 9,500,000 Units at a purchase price of $0.05 per Unit ("Units" or each a "Unit", each Unit consisting of one share of common stock, par value $0.001 per share, two Series A Warrants each to purchase one share of common stock, and one Series B warrant to purchase one share of common stock.
NAC Global Technologies Quarterly Earnings Report 73% Revenue Increase
Marketwired - Wed Aug 19, 7:38PM CDT
NAC Global Technologies (OTCQB: NACG) June 30, 2015 10-Q filing today reported a 73% revenue increase over the prior year and expected strong demand for its HGT drives. The company reports adoption and demand in multiple market segments including new original equipment manufacturer ("OEM" sales with anticipated recurring revenues in the semi-conductor, aerospace, machine tool, printing, security/defense, and the robotics markets. New applications of its harmonic gearing technology spanned North America, Asia, Europe and South America.
NAC Receives Production Contract for Precision Surveillance System Drives
Marketwired - Tue May 26, 9:16AM CDT
NAC Global Technologies (OTCQB: NACG) announced today it has received a production contract to supply its Harmonic Gearing Technology (HGT) to a market-leading manufacturer of advanced surveillance and security systems. Having completed a 4-month testing and validation process, NAC's SHF series drives are adopted for precise motion control of the system's pan and tilt drives. Initial production quantity is two hundred units with anticipated new annual revenues of $150,000. The platform sales are expected to continue for at least several years with the potential for further customer adoption on additional platforms. NAC drives provide a critical control function requiring ultra-smooth motion and ruggedness. The mid and long range surveillance systems utilize radar, thermal and video imaging in applications such as Boarder Security, Critical National Infrastructure Protection, Law Enforcement, Maritime, Oil and Gas, and Transportation Surveillance to name a few.
NAC Global Technologies to Present at the 2015 Marcum MicroCap Conference
Marketwired - Thu May 21, 7:30AM CDT
NAC Global Technologies (OTCQB: NACG), announced today that it will present at the 2015 Marcum MicroCap Conference on Thursday, May 28, 2015 in New York City at the Grand Hyatt Hotel.
NAC Global Technologies Establishing National Sales Network
Marketwired - Wed May 20, 9:30AM CDT
NAC Global Technologies (OTCQB: NACG) announced today it is establishing a national sales representation network for its HGT Drive product line. The company has signed its first sales representation agreement with Industri/Motion, Inc. (IMI) based out of Schaumburg, IL. IMI is a technically focused manufacturers' representative firm founded in 1981 and serves OEM, large user, and power transmission and motion control distributors. Four territory sales managers will cover the territories of Illinois, northwest Indiana, Iowa, eastern Wisconsin, and eastern Missouri. NAC is the process of finalizing and expects to announce contracts with sales agencies in additional US territories in the coming weeks.
NAC Global Technologies HGT Drives Receive Approval by Swiss Manufacturer
Marketwired - Wed May 06, 2:48PM CDT
NAC Global Technologies (OTCQB: NACG) announced today the successful test and approval of its Harmonic Gearing Drives by a Swiss machine tool manufacturer. The Swiss account specializes in the design and manufacture of precision machinery for the watch making, jewelry, and medical industries. Having completed the manufacturer's validation process, the companies plan to implement NAC drives into production machinery. Additionally, the companies are working to extend NAC drives into additional applications with testing commenced on a second NAC drive version and engineering discussions engaged on a third.
NAC Global Technologies Awarded Order for Exoskeleton System Drives
Marketwired - Wed Nov 05, 1:37PM CST
NAC Global Technologies (OTCQB: NACG) today announced it has been awarded an order to manufacture its first drives for exoskeleton system applications. Delivery is scheduled in December 2014 with trials anticipated in January 2015.
NAC Global Technologies Awarded Order for Intelligent Joint Actuator Drives in 4-Axis Robot
Marketwired - Thu Oct 16, 9:57AM CDT
NAC Global Technologies (OTCBB: NACG) today announced it has been selected and awarded an order with a Bangalore based manufacturer of factory automation systems. NAC's harmonic gearing drives will be incorporated in intelligent joint actuators of a new, 4-axis, SCARA style robot, a modular robot designed for pick and place applications with NAC drives providing precise, high speed, bi-directional motion control. The NAC drives' small size and light weight enabled the manufacturer to optimize the joint actuator designs. The new robot is self-contained and will be deployed in industrial applications providing automated small parts feeding and assembly.
NAC Awarded Application for Precision Security and Surveillance Systems Control
Marketwired - Fri Oct 10, 2:35PM CDT
NAC Global Technologies (OTCBB: NACG) today announced it has been awarded its first application with a market-leading manufacturer of advanced surveillance and security systems. NAC is producing specialized harmonic gearing for precise motion control of the system's pan and tilt drives, a critical function requiring ultra-smooth motion and ruggedness for long range surveillance via radar, thermal and video imaging. Applications include onboard maritime security, facilities and urban security, as well as long range viewing of natural environments for academic studies.
NAC Global Technologies Announces Planned Merger With SHE -- Swiss Heights Engineering -- a Holding Company for Bellelli Engineering Group and Petrochem Industrie Group
Marketwired - Wed Apr 27, 3:15PM CDT
NAC Global Technologies, Inc. (OTCQB: NACG) - NAC Global Technologies, Inc. today announced that it has agreed to terms and executed a Letter of Intent to acquire Swiss Heights Engineering S.A. (SHE) of Lugano, Switzerland, a holding company engaged to hold 100% of Bellelli group of companies and 100% of Petrochem Industrie group of companies The contemplated combination would vastly expand NAC's business size and its global footprint in the engineering services, energy markets, chemical processing, and petrochemical markets.
NAC Global Technologies Reports Record Quarter
Marketwired - Mon Nov 23, 7:01AM CST
NAC Global Technologies (OTCQB: NACG) reported record quarterly revenues of $254,598, a 30% increase over the prior quarter and 115% over the same period last year. YTD revenues were $574,564. Net quarterly operating loss decreased from $140,827 to $46,615 a 66% improvement and an 88% improvement over the same period last year. New customers include an international helicopter manufacturer integrating NAC drives into landing gear actuators. A three year production contract is anticipated in the coming months valued at approximately $1,000,000 over the three year term and is expected to extend at least ten years. Vincent Genovese, NAC CEO, said, "We believe a shift is happening, and it's happening now. We believe harmonic gearing usage is going to explode throughout industry soon. For centuries, conventional gears were everywhere, but we see a global shift occurring with harmonic gearing replacing conventional gears. Newly designed machines, robots, and production lines need the precision and small size of harmonic gearing. We foresaw this shift back in 2007 and positioned ourselves in front of the curve. Now, our incoming inquiries include robotic drives in Europe valued about $18,000,000 annually, $4,000,000 robotic application in Korea, and we have an identified sales pipeline exceeding $100,000,000. With an addressable market exceeding 1 billion dollars today, our near term revenue target is $25,000,000 and medium term exceeds $75,000,000. Our opportunity lies in ramping up and addressing the existing and rapidly expanding need for our technology."
NAC Global Technologies, Inc. Announces Pricing of Public Offering of Units
Marketwired - Wed Oct 07, 5:30AM CDT
NAC Global Technologies, Inc. (OTCQB: NACG) ("NAC" or the "Company"
, a development and manufacturing company that manufactures and supplies harmonic gearing technology, announced today the pricing of a public offering of 9,500,000 Units at a purchase price of $0.05 per Unit ("Units" or each a "Unit", each Unit consisting of one share of common stock, par value $0.001 per share, two Series A Warrants each to purchase one share of common stock, and one Series B warrant to purchase one share of common stock. NAC Global Technologies Quarterly Earnings Report 73% Revenue Increase
Marketwired - Wed Aug 19, 7:38PM CDT
NAC Global Technologies (OTCQB: NACG) June 30, 2015 10-Q filing today reported a 73% revenue increase over the prior year and expected strong demand for its HGT drives. The company reports adoption and demand in multiple market segments including new original equipment manufacturer ("OEM"
sales with anticipated recurring revenues in the semi-conductor, aerospace, machine tool, printing, security/defense, and the robotics markets. New applications of its harmonic gearing technology spanned North America, Asia, Europe and South America. NAC Receives Production Contract for Precision Surveillance System Drives
Marketwired - Tue May 26, 9:16AM CDT
NAC Global Technologies (OTCQB: NACG) announced today it has received a production contract to supply its Harmonic Gearing Technology (HGT) to a market-leading manufacturer of advanced surveillance and security systems. Having completed a 4-month testing and validation process, NAC's SHF series drives are adopted for precise motion control of the system's pan and tilt drives. Initial production quantity is two hundred units with anticipated new annual revenues of $150,000. The platform sales are expected to continue for at least several years with the potential for further customer adoption on additional platforms. NAC drives provide a critical control function requiring ultra-smooth motion and ruggedness. The mid and long range surveillance systems utilize radar, thermal and video imaging in applications such as Boarder Security, Critical National Infrastructure Protection, Law Enforcement, Maritime, Oil and Gas, and Transportation Surveillance to name a few.
NAC Global Technologies to Present at the 2015 Marcum MicroCap Conference
Marketwired - Thu May 21, 7:30AM CDT
NAC Global Technologies (OTCQB: NACG), announced today that it will present at the 2015 Marcum MicroCap Conference on Thursday, May 28, 2015 in New York City at the Grand Hyatt Hotel.
NAC Global Technologies Establishing National Sales Network
Marketwired - Wed May 20, 9:30AM CDT
NAC Global Technologies (OTCQB: NACG) announced today it is establishing a national sales representation network for its HGT Drive product line. The company has signed its first sales representation agreement with Industri/Motion, Inc. (IMI) based out of Schaumburg, IL. IMI is a technically focused manufacturers' representative firm founded in 1981 and serves OEM, large user, and power transmission and motion control distributors. Four territory sales managers will cover the territories of Illinois, northwest Indiana, Iowa, eastern Wisconsin, and eastern Missouri. NAC is the process of finalizing and expects to announce contracts with sales agencies in additional US territories in the coming weeks.
NAC Global Technologies HGT Drives Receive Approval by Swiss Manufacturer
Marketwired - Wed May 06, 2:48PM CDT
NAC Global Technologies (OTCQB: NACG) announced today the successful test and approval of its Harmonic Gearing Drives by a Swiss machine tool manufacturer. The Swiss account specializes in the design and manufacture of precision machinery for the watch making, jewelry, and medical industries. Having completed the manufacturer's validation process, the companies plan to implement NAC drives into production machinery. Additionally, the companies are working to extend NAC drives into additional applications with testing commenced on a second NAC drive version and engineering discussions engaged on a third.
NAC Global Technologies Awarded Order for Exoskeleton System Drives
Marketwired - Wed Nov 05, 1:37PM CST
NAC Global Technologies (OTCQB: NACG) today announced it has been awarded an order to manufacture its first drives for exoskeleton system applications. Delivery is scheduled in December 2014 with trials anticipated in January 2015.
NAC Global Technologies Awarded Order for Intelligent Joint Actuator Drives in 4-Axis Robot
Marketwired - Thu Oct 16, 9:57AM CDT
NAC Global Technologies (OTCBB: NACG) today announced it has been selected and awarded an order with a Bangalore based manufacturer of factory automation systems. NAC's harmonic gearing drives will be incorporated in intelligent joint actuators of a new, 4-axis, SCARA style robot, a modular robot designed for pick and place applications with NAC drives providing precise, high speed, bi-directional motion control. The NAC drives' small size and light weight enabled the manufacturer to optimize the joint actuator designs. The new robot is self-contained and will be deployed in industrial applications providing automated small parts feeding and assembly.
NAC Awarded Application for Precision Security and Surveillance Systems Control
Marketwired - Fri Oct 10, 2:35PM CDT
NAC Global Technologies (OTCBB: NACG) today announced it has been awarded its first application with a market-leading manufacturer of advanced surveillance and security systems. NAC is producing specialized harmonic gearing for precise motion control of the system's pan and tilt drives, a critical function requiring ultra-smooth motion and ruggedness for long range surveillance via radar, thermal and video imaging. Applications include onboard maritime security, facilities and urban security, as well as long range viewing of natural environments for academic studies.
