Welcome to our dedicated page for Xcelerate news (Ticker: XCRT), a resource for investors and traders seeking the latest updates and insights on Xcelerate stock.
Xcelerate Inc. reports company developments tied to medical technology, virtual health care and intellectual-property commercialization. Recent updates center on AfiyaSasa Africa LLC, the company’s majority-owned subsidiary focused on an AI-assisted patient portal and healthcare delivery model in Tanzania, including localization work, clinical-site evaluation and medical-technology research and development.
News also covers Xcelerate’s completed sale of its majority interest in the ESN Group, a transaction that moved the company away from the Ceramedx and Earth Natural Beauty skincare businesses. Other recurring themes include patent activity for surgical-tool camera technology, business funding, private-placement financing, auditor-related registration statement updates and broader shareholder communications.
Xcelerate, Inc. (OTC PINK:XCRT) has announced its application to upgrade its common stock trading from the OTC Pink Market to the OTCQB Venture Market. This move is aimed at enhancing visibility and liquidity for investors as it prepares to develop a pilot program in Africa via its subsidiary, AfiyaSasa Africa, LLC, and advance its portfolio of medical technology patents acquired from HS Pharmaceuticals. The approval for this listing remains pending with the OTCQB.
Xcelerate (OTC PINK:XCRT) announced the appointment of Cathy Scangarella to its Advisory Board, effective immediately. Scangarella, the Chief Business Development Officer at Choose New Jersey, brings over 25 years of experience in marketing and outreach, enhancing business development strategies nationally and internationally. Her expertise includes establishing collaborations with research universities and industry partnerships. Xcelerate's CEO, Michael O'Shea, emphasized her valuable skill set to advance the company's patent development following a recent acquisition from HS Pharmaceuticals.
Xcelerate, Inc. (OTC Pink: XCRT) has announced the acquisition of a significant patent portfolio from HS Pharmaceuticals, aimed at advancing innovative medical technologies. CEO Michael O’Shea and HS Pharmaceuticals CEO Jon Wilken discussed this strategic move in a recent interview, emphasizing the potential for collaboration in developing groundbreaking treatments, particularly in chronic wound care and oncology. This acquisition follows over two years of negotiations and aligns with Xcelerate's mission to incorporate cutting-edge innovations into the medical field, addressing critical health challenges.
Xcelerate, Inc. (OTC PINK:XCRT) has announced the acquisition of a portfolio of patents and technology licenses from HS Pharmaceuticals LLC, focusing on oncology and healthcare products. Mr. Jon Wilken, former President and CEO of BILO Inc., is joining Xcelerate's Board of Directors. Wilken brings 30 years of experience in retail and will assist in integrating the acquired patents into Xcelerate's business strategy. The company has also acquired a 51% stake in AfiyaSasa Africa, LLC, a medical technology firm leveraging AI and AR.
Xcelerate, Inc. (OTC PINK:XCRT) announced the acquisition of a patent portfolio from HS Pharmaceuticals LLC, enhancing its focus on dermatological products for chronic wounds and infections. The deal includes four issued and one pending U.S. patents, as well as two issued and one pending European patent, totaling millions in developmental costs. The acquisition involves issuing 10 million shares of restricted common stock and establishing a profit-sharing arrangement. This move aims to strengthen Xcelerate's technology base and aligns with its strategy to acquire cutting-edge medical innovations.
Xcelerate, Inc. (OTC Markets: XCRT) announced the engagement of SmallCapVoice.com, an investor relations firm, to enhance communication with shareholders. CEO Michael O'Shea highlighted the importance of this partnership in increasing corporate exposure and sharing developments at Xcelerate. The recent pilot program launch in Africa via its subsidiary, AfiyaSasa Africa, was noted as a significant milestone. SmallCapVoice.com aims to support Xcelerate's mission as a socially responsible global entity.
Xcelerate, Inc. (OTC Pink: XCRT) has initiated a pilot program in partnership with AfiyaSasa Africa, LLC to enhance healthcare delivery in Tanzania using AI and augmented reality. The company's 51% stake in ASA aims to address the shortage of medical professionals identified by Dr. Dilan Ellegala, who highlighted there were merely two neurosurgeons for 44 million people in the region. This innovative approach seeks to leverage advanced technology to improve medical services. More details can be found in the interview conducted by SmallCapVoice.com.
Xcelerate, Inc. (OTC Markets:XCRT) has signed a Membership Interest Purchase Agreement to acquire a 51% interest in AfiyaSasa Africa, LLC, a medical technology and virtual health start-up founded by Dr. Dilan Ellegala and Doyle Word. Additionally, Xcelerate has obtained patent pending status for its invention, 'Surgical Tools with Targeting Guidance', aimed at enhancing surgical procedures through improved tool handling and precision. This represents the beginning of a series of planned patents as Xcelerate advances its mission of integrating engineering with clinical care.
Xcelerate, Inc. (OTCMarkets: XCRT) announced the appointment of Thomas E. Mannle, Jr. to its Advisory Board, effective immediately. Thomas, a retired Lieutenant Colonel from the U.S. Army Reserve, brings over 25 years of consulting experience in healthcare and defense. His expertise includes planning, budgeting, and technology integration in organizations. Xcelerate's CEO, Michael O'Shea, stated that Thomas would provide invaluable guidance on advancing their project alliance with AfiyaSasa Africa and the development of patentable med-tech. The company expressed gratitude to its partners and investors for their support.
Xcelerate, Inc. (OTC PINK:XCRT) has acquired majority control of AfiyaSasa Africa, LLC, which focuses on medical technology for developing countries. A pilot program will launch in Tanzania across four hospitals, potentially expanding to a fifth location. The program aims to establish operational beta sites by Q2 2022 and generate revenue by the end of 2022. CEO Michael O'Shea highlighted the team's rapid progress and plans to up-list to the QB market to attract more investors.