Medigus to Invest in a Deep Energy Tech Company
April 13 2022 - 9:56AM
Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in
advanced medical solutions, innovative internet technologies, and
electric vehicle and charging solutions, announced today that it
has signed an agreement to invest in ABI Energy Ltd. (ABI), a
deep-tech company developing cutting-edge devices that optimize
fluid transportation to improve the global water, oil, and gas
pipeline transportation infrastructure. Following this recent
investment, Medigus will hold approx. 19.17%.
ABI, which will soon be rebranded as Laminera,
technology-driven solutions are designed to improve and optimize
existing pipeline transportation infrastructure by reducing energy
and maintenance costs while enhancing flow capacity.
ABI’s energy efficiency technology is unique in
its ability to suppress turbulence by continuously generating
low-frequency pressure waves, which achieves minimal hydrodynamic
resistance for the fluid transport process. As a result, friction
losses within the pipeline are reduced. The goal of ABI’s products
is to reduce pump energy consumption by up to 25% in the water,
oil, and gas industries.
Medigus is the lead investor in an up to $1.4
million investment round in ABI Energy. Medigus invested $300,000
in ABI Energy and will issue $400,000 worth of its American
Depositary Shares to ABI.
About Medigus
Based in Israel, Medigus Ltd. (Nasdaq: MDGS) is
a technology company focused on innovative growth partnerships,
mainly in advanced medical solutions, digital commerce, and
electric vehicle markets. Medigus’ affiliations in the medical
solutions arena include ownership in Polyrizon Ltd. and ownership
in industry 4.0 company, ScoutCam Inc. The Company’s affiliates in
digital commerce include Gix Internet Ltd., Jeffs’ Brands Ltd., and
Eventer Technologies Ltd. in the electric vehicle market, Charging
Robotics Ltd. and Revoltz Ltd. are also part of the Company’s
portfolio of technology solution providers. To learn more about
Medigus’ advanced technologies, please
visit http://www.medigus.com/.
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of the “safe harbor” provisions of
the Private Securities Litigation Reform Act of 1995 and other
Federal securities laws. Words such as “expects,” “anticipates,”
“intends,” “plans,” “believes,” “seeks,” “estimates” and similar
expressions or variations of such words are intended to identify
forward-looking statements. Because such statements deal with
future events and are based on Medigus’ current expectations, they
are subject to various risks and uncertainties, and actual results,
performance, or achievements of Medigus could differ materially
from those described in or implied by the statements in this press
release.
The forward-looking statements contained or
implied in this press release are subject to other risks and
uncertainties, including those discussed in any filings with the
SEC. Except as otherwise required by law, Medigus undertakes no
obligation to publicly release any revisions to these
forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated
events. References and links to websites have been provided as a
convenience, and the information contained on such websites is not
incorporated by reference into this press release. Medigus is not
responsible for the contents of third-party websites.
Company Contact:Tali DinarChief
Financial Officer+972-8-6466-880ir@medigus.com
Investor Relations Contact:Dave
GentryRedChip Companies Inc.1-800-RED-CHIP (733-2447)Or
407-491-4498MDGS@redchip.com
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