Umbra Applied Technologies Group Inc. (OTCMKTS:UATG) develops and manufactures equipment, products, and systems to global remediation projects. It has technologies that include power generation, oil and sand processing, oil shale processing, inland and salt water oil spill remediation, water remediation, and much more.
On Friday, UATG stock moved up 9.26% to $0.0059 with more than 472K shares, compared to its average volume of 2.80 million shares. The stock moved within a range of $0.0050 – 0.0059 after opening trading at $0.0051.
UAT Group Subsidiary Launches New Hygieia Ageless Skin Care Line
Umbra Applied Technologies Group, Inc., announced on August 12, 2022 that its subsidiary, The Dreaming Company, LLC is rebranding and expanding its highly lauded Hygieia Skin care product suite. The lineup will be known as Hygieia Ageless, and in the coming weeks, is set to launch seven new cutting-edge age defying products.
Hygieia aims to expand its reach significantly, while targeting the 30-45-year-old demographic (both male and female). The skin care line already has one of the highest returning customers’ rates in the industry. With the addition of new products, the company believes it will help to further expand into the market segment with more customers who will pledge loyalty to the brand for years to come.
This high-performance non-comedogenic, anti-aging line is manufactured in the United States with the best quality ingredients. The paraben-free product line has antioxidant properties to strengthen the skin’s defenses, minimize signs of aging, and nourish the skin. The Hygieia Ageless products support vital rejuvenation processes deep within the skin layers to aid in the reduction of fine lines, wrinkles, sagging, dullness, roughness and loss of firmness.
UAT Group Subsidiary, H2O Processing to Begin Delivery of Testing & Calibration System
Umbra Applied Technologies Group, Inc’s subsidiary, H2O Processing, announced on August 04, 2022 that it will start delivering a proprietary, industry specific testing and calibration system to calibrate metal ion/iron removal processes for its larger industrial iron removal system, to sites in south Texas.
The first unit is presently in production and expected on site within weeks. The testing and calibration unit is small enough to be delivered to a client’s site on a pallet, but quite robust as well. It will assist the on-site engineers in evaluating crude oil iron content so that the larger high-volume systems can be properly calibrated to treat full deliveries in large quantities. Once calibrated, the delivered crude will be directly connected to H2O Processing’s full scale metal ion/iron removal system which can be adjusted and customized to meet the barrels-per-minute needs of oil producing clients.
Metals in crude oil could interfere with the oil refining processes through excessive coke formation; so many refineries will not accept heavy crude with a high metal ion count. As of now, many oil producers that exceed an iron range of 0-10 ppm are penalized between $10 and $40 per barrel of oil with producers providing in excess of 500 ppm being rejected entirely. Several oil producers are left stuck holding and storing oil that cannot be sold or refined. The newly developed technology by H2O Processing, tackles this currently worldwide problem.
UATG stock is trading above the 20-Day and 50-Day Moving averages of $0.0053 and $0.0048. However, the stock is trading below the 200-Day moving average of $0.0111.