Pct Ltd Stock Price, News & Analysis

21st Century Energy Solutions, a subsidiary of PCT LTD (PCTL), provided updates on its oil well remediation projects. In Murray County, OK, a well's production increased from 5 to 30 barrels per day after treatment with their ECA Super-Catholyte. Two additional wells will undergo similar treatments. In West Texas, upcoming pilot programs aim to address H2S remediation issues. 21st Energy also plans to spin off into an independent public company in 2023, filing a registration statement to distribute shares to PCTL stockholders.

PCT LTD (PCTL) announced the placement of new Generation 3 Annihilyzer® On Site Generators by its subsidiary, 21st Century Healthcare Inc. The upgrade, requested by a large New York City hospital system, will increase revenue by 25% per generator monthly.

Additionally, two new hospital systems are set to receive these enhanced generators, further driving market expansion in the northeastern U.S. The company recently received a Sustainability Award, boosting its visibility and interest in eco-friendly disinfectant solutions that reduce plastic waste and logistical burdens.

PCT LTD (PCTL) announced an update from its subsidiary, 21st Century Energy Solutions, regarding a customer in Murray County, OK. The initial remedial treatment led to a significant production increase from 5 barrels per day to a peak of 30 barrels per day—a 600% rise—with minimal water present. The treatment utilized the ECA 'Super-Catholyte' by Maverick Energy Solutions. Additional results are expected in Q1 2023.

PCT LTD (PCTL) has announced a new customer within its Enhanced Oil Recovery (EOR) program located in Murray County, OK, utilizing its 'Super-Catholyte' technology. The initial treatment of the well was completed by Maverick Energy Solutions. Wells in this region typically produce five barrels per day with minimal water. Further results will be disclosed after the current planned shut-in period. PCTL focuses on eco-friendly technologies and aims to commercialize various innovative products through its subsidiaries.

PCT LTD (OTC Pink: PCTL) has welcomed a northeastern hospital consortium to its Annihilyzer® cleaning family through a collaboration with Ace Janitorial. The Annihilyzer® Infection Control System (ICS), launched in 2018, produces OSG 460 D disinfectant that effectively eliminates 99.9999% of pathogens. Recently, a major New York healthcare system began installing Annihilyzer® units under a lease contract. Daryl Patterson, COO of PCT Corp, highlighted the system's role in promoting sustainability in healthcare. PCTL aims to expand installations across additional healthcare facilities.

PCT LTD (OTC Pink: PCTL) announced a significant contract with a large oil service company in the western United States through its subsidiary, 21st Century Energy Inc. This partnership will utilize PCTL's environmentally friendly biocide, which remediates toxic hydrogen sulfide (H2S) in oil production. The biocide's application not only enhances safety but also optimizes profit potential for oil producers by improving refinery processes. Recently, three large volume machines were shipped to the service company, underscoring PCTL's operational momentum.

PCT LTD (OTC Pink: PCTL) announced on August 19, 2022, its strategic move to separate its Healthcare and Oil & Gas technologies into distinct subsidiaries. The Healthcare division will be rebranded as 21st Century Healthcare, Inc., while the Oil & Gas division will become 21st Century Energy, Inc. This restructuring aims to enhance marketing opportunities and attract investments tailored to each sector. Both subsidiaries plan to develop partnerships and focus on their target markets more effectively.

PCT LTD (OTC Pink: PCTL) emphasizes the importance of disinfecting solutions, especially its Hydrolyte® product, as schools prepare for the upcoming academic year. Hydrolyte®, a hospital-grade disinfectant made from hypochlorous acid, is effective against various pathogens, including MRSA and norovirus. Low in toxicity and EPA-approved, it supports environmental responsibility in educational settings. PCT aims to assist schools in maintaining healthy environments for students and staff, promoting a disease-free academic year.