Umbra Companies, Inc Completes Bid to Acquire Orthopedic Implant Company, Ossifix
Tampa, Florida--(Newsfile Corp. - November 17, 2020) - Umbra Companies, Inc. (OTC Pink: UCIX) announced today that it has initiated the acquisition of the Texas based company Ossifix Technologies, Inc.
Figure 1: Umbra Companies, Inc. logo
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Chief Executive Officer, Alex Umbra commented, "We are pleased to integrate Ossifix into our growing suite of companies. I, as well as the rest of the team, look forward to building the synergy across all of our subsidiary companies by combining the resources and market footprints of all our companies. We believe that this "growth through acquisition approach" will serve to exponentially expand our capabilities so that we can gain a competitive edge in relevant market spaces. I have no doubt that the addition of Ossifix to the Umbra family will be a significant contributor to our collective success."
U.S. based company, Ossifix Orthopedics™ products are manufactured in Austin, TX from select, high-density, allograft cortical bone. Ossifixs' unique manufacturing process and patent pending designs yield an engineered cortical bone implant that provides secure fixation and virtually eliminates any allergic or autoimmune reactions associated with metal or plastic/polymer implants. All Ossifix Orthopedics™ Pin, Screw and Plate Systems are single-use surgical kits with all necessary instruments for implantation and are based on decades of clinical experience and use in the operating room. Additionally, the provided instrumentation that accompanies every Ossifix surgical kit is constructed of an eco-friendly, bio-degradable polymer.
Ossifix is currently working in cooperation with Umbra Applied Technologies to develop biodegradable polymer based surgical instrumentation engineered with their antimicrobial technology brand - Hygieia.
Ossifix CEO, Mark Estrada shared, "I have a longstanding relationship with all the folks over at UAT and UCI which made it a no brainer to join forces. My team and I are very excited about this move and we are eager to show everyone what the future holds."
For more information about Ossifix Technologies go here: https://ossifixtech.com/
About Umbra Companies, Inc.:
The firm is located in Tampa Florida and focuses on advanced technologies across many disciplines. UCI is an investment holding company that invests in both public and private companies during the early stages of development as well as growth stages of companies with a synergistic business model to UCI subsidiaries.
For more information visit www.umbracompanies.com
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