American Fusion (OTC: AMFN) provided an industry and market update highlighting accelerating fusion investment and growing electricity demand from artificial intelligence data centers, hospitals and other mission-critical infrastructure. The company is developing its Texatron(TM) Fusion Engine(TM) as a potential scalable source of distributed electricity, with a long-term Power-as-a-Service model under which American Fusion would own, operate and maintain generating assets and sell electricity directly to customers behind the meter. The Texatron(TM) is currently undergoing testing and engineering validation, with prospective commercial applications subject to successful testing, regulatory requirements, financing, manufacturing scale-up and commercialization.
American Fusion also reported that it is in the final stages of its OTCQB Venture Market application, with clearance of its Form 211 under SEC Rule 15c2-11 remaining pending. Longer term, the company intends to evaluate a potential national exchange listing, including the Texas Stock Exchange (“TXSE”), alongside other venues, subject to applicable requirements. American Fusion has engaged Lucosky Brookman LLP as securities counsel to advise on its planned uplisting, capital formation and other corporate matters.
To view the full press release, visit: https://ibn.fm/5bAgY
NOTE TO INVESTORS: The latest news and updates relating to AMFN are available in the company’s newsroom at http://ibn.fm/AMFN
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer