How They Do It? Scoutcam Case Study
- ScoutCam's IP was fully owned by Medigus
- In January 2020 - Medigus completed a deal to merge ScoutCam to a listed company on OTC market - becoming a public company
- With the help of Medigus, raised $3.5Mn along with the OTC listing
- In February 2021, Leading Life Science and Pharmaceutical Entrepreneur, Mori Arkin, in-vest-ed $2Mn in Scoutcam and joined its Board of Directors. Mr Arkin founded Arkin Holdings, which owns a healthcare portfolio of $1Bn through four in-vest-ment arms, with holdings in some 20 Israeli companies developing pharmaceutical drugs and medical equipment such as UroGen Pharma (Nasdaq: URGN), Keros Therapeutics (Nasdaq: KROS) and Novolog (TASE: NVLG)
- In March 2021, ScoutCam secured a private placement of $20Mn from institutional in-vest-ors
- ScoutCam's current valuation ~$35Mn (as of 11/16/22), Medigus holds 27.02%
Medigus' Most Important Wholly Or Partially Owned Subsidiaries
#1. ScoutCam is pioneering the Predictive Maintenance and Condition Based Monitoring markets with its visualization and AI platform. Having introduced the use of its micro camera and AI platform to Industry 4.0 markets such as aviation, energy, mobility and transportation, ScoutCam’s Camera-as-a-sensor™ technology, accompanied by specialized AI analysis models, is being deployed in hard-to-reach locations and harsh environments, across a variety of Predictive Maintenance and Condition Based Monitoring use cases. ScoutCam’s platform allows maintenance and operations teams visibility into areas which are inaccessible under normal operation, or where the operating ambience is not suitable for continuous real-time monitoring.
#2. Eventer is a smart ticketing platform, enabling producers and venues to create events, manage ticket operations and boost ticket sales, all in one efficient and cost-effective platform.
Eventer offers a wide set of unique features, borne out of a profound understanding of our customers’ needs and executed through their proven proprietary technology. This, coupled with a true commitment to outstanding service, allowed them to gain a market- leadership position and demonstrate an average 83% growth, year-on-year, since inception.
#3. Gix Internet is a global leader in MarTech (Marketing Technology) solutions, mainly for online performance-based-marketing, that maximizes exposure, increases impact and drives pro-fits from target audiences.
Gix’s products provide clear growth opportunities and success, through cutting edge technologies, in this challenging and dynamic market. Gix’s proprietary AI technology drives tailor-made experiences based on users’ interests: Apps: distributes free software through browser add-ons and desktop apps and advertisements drive revenues.
#4. Charging Robotics (Medigus’ wholly owned subsidiary) is out to Change the way Electric Vehicles are charged. They are developing a robotic platform for charging vehicles in a wireless and automatic manner. No more plugs. No more cables. No more searching for a parking spot with a charger. At the heart of the technology is a wireless power transfer module that uses resonance coils to transfer energy wirelessly from the robot to the vehicle.
#5. Polyrizon is a clinical development biotech company specializing in the development of innovative nasal gels to provide preventative treatment against a wide range of biological assaults, such as viruses, including CV-19 and influenza, as well as allergens and other airborne pathogens.
#6. Jeff’s Brands Ltd. and its subsidiaries Smart Repair Pro, Purex and Top Rank, is a fast-growing consumer products goods (CPG) company, operating primarily on Amazon(dot)com.
Jeff’s Brands leverage proprietary artificial intelligence (AI) and machine learning to analyze sales data and patterns within the multi-Bn-dollar Amazon marketplace to identify stores, niches and products with demonstrated growth potential to maximize sales within their Fulfillment By Amazon (FBA) shops.
Company Website. Company Presentation.
And as I mentioned above, MDGS has several potential catalyst to familiarize yourself with ahead of Thursday's opening bell. Here they are:
No. 1 MDGS Potential Catalyst - Another Tiny Float Profile Like Wednesday's Explosive Idea
According to the Yahoo Finance website, MDGS has an exceptionally tiny float.
The website reports this profile to have approximately 1.63Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility.
Could more 2022 positive company news help provide a near term spark?
No. 2 MDGS Potential Catalyst - Huge Reverse Merger News For MDGS's Partially Owned Subsidiary, Eventer
Medigus: Eventer Technologies Signed a Letter of Intent for Spin-Off and an approx. $13Mn Reverse Merger
The letter of intent was signed with a Tel-Aviv St-ock Exchange listed company to hold 74.99% of the merged company
Tel Aviv, Israel, Nov. 16, 2022 (GLOBE NEWSWIRE) -- Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in advanced medical solutions, innovative internet technologies, and electric vehicle and charging solutions, announced today that its 46.21% owned subsidiary, Eventer Technologies Ltd. ("Eventer"), software company engaged in the development of platforms enabling producers and venues to create virtual conferences and events including a smart ticketing solution, signed a non-binding letter of intent ("LOI") for a planned securities exchange agreement with AI Conversation Systems Ltd. (TASE: AICS) ("AI Conversation Systems"), an Israeli company traded on the Tel- Aviv St-ock Exchange.
According to the LOI, the transaction will only be completed if Eventer is valued at least $13Mn, as determined by an independent appraiser.
According to the LOI, Eventer will become a wholly owned subsidiary of AI Conversation Systems, and in exchange, Eventer will receive 74.99% of the issued and outstanding share capital of AI Conversation Systems.
"Eventer is the market leader in its field in Israel and becoming a public company will support its efforts to make its services more accessible," said Liron Carmel, CEO of Medigus. “As a public company, Eventer is expected to have improved access to capital which should enable it to expand operations and activities in Israel and new markets internationally.”
Read the full article here.
No. 3 MDGS Potential Catalyst - Game-Changing Record Revenue News For Eventer
Medigus: Eventer Generated Record Revenues for the First Nine Months of 2022 Exceeding Full-Year 2021 Revenues
Revenues for the first nine months of 2022 were approx. $1.99Mn
Tel Aviv, Israel, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in advanced medical solutions, innovative internet technologies, and electric vehicle and charging solutions, announced today that its 46.21% owned subsidiary, Eventer Technologies Ltd. ("Eventer"), a software company engaged in the development of platforms enabling producers and venues to create virtual conferences and events with integrated smart ticketing solutions, achieved record fi-nan-cial results for the nine months ended September 30, 2022 (based on non-reviewed fin-an-cial results provided to Medigus by Eventer).
Eventer's overall turnover from ticket sales for the nine months ended September 30, 2022 was approx. $49Mn, an increase of approx. 87% compared to the entire year of 2021.
More than 1.6 million tickets were sold using Eventer's online platform during the first nine months of 2022, and Eventer retained its commission rate through the period at approx. 5%. Eventer's revenues for the first nine months of 2022 totaled at approx. $1.99Mn, an increase of 69% compared to approx. $1.18Mn for the full year of 2021.
Eventer has developed a unique event management system that allows its customers to increase sales volume and reduce the resources in-vest-ed in marketing tools solely intended to increase exposure and sales. Eventer has an exclusive license to use the Screenz.live platform that offers high-quality video conferencing for thousands of participants.
Read the full article here.
No. 4 MDGS Potential Catalyst - MDGS Subsidiary, Charging Robotics, Files Key Patent Application
Medigus: Charging Robotics Filed Patent Application for a Unique Wireless Charging Method for Automated Car Parks
Charging Robotics' innovation addresses the inability to charge electric vehicles in existing unmanned car parks
Tel Aviv, Israel, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in advanced medical solutions, innovative internet technologies, and electric vehicle and charging solutions, announced today that its wholly owned subsidiary, Charging Robotics Ltd., filed a patent application with the United States Patent and Trademark Office.
The new patent refers to a unique wireless charging method for electric vehicles parked at automatic car parking systems and parking garages.
The structures of these car parks make it impossible to connect a plug to the vehicle charging socket; therefore, electric vehicles cannot be charged while parking. Charging Robotics' solution is designed to enable charging while parking, by installing the electricity transmitting component of the wireless charging system at the parking structure, and temporarily fixing the electricity receiving component of the vehicles' charging system before it is stored in the parking space. As the car is stored in the parking space, the transmitting and receiving components of the systems are in perfect alignment and charging at high efficiency occurs.
"The use of electric vehicles has increased dramatically over the last few years, and the trend is expected to continue growing. Accessible charging stations to the public have become increasingly important as electric vehicle use increases. The latest patent filed by Charging Robotics enables upgrades to current parking solutions and addresses the increasing demand from drivers to easily charge their vehicles," said Liron Carmel, CEO of Medigus. "We believe that Charging Robotics has the capability of solving pressing problems in the electric charging infrastructure sector and providing added value to owners and users of car parks.”
Read the full article here.
No. 5 MDGS Potential Catalyst - Partially Owned Subsidiary Makes Major Strides Towards "Growth And Expansion"
Medigus: Jeffs' Brands to Expand Sales Beyond Amazon.com into New Leading E-commerce Platforms
Tel Aviv, Israel, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in advanced medical solutions, innovative internet technologies, and electric vehicle and charging solutions, announced today that Jeffs' Brands Ltd. ("Jeffs' Brands" owned 35.27% by Medigus), a data-driven E-commerce company operating on the Amazon Marketplace, has taken steps to support its growth and expansion.
Jeffs' Brands entered into an agreement with a U.S. based storage and logistics center intended to support the Jeffs' Brands' plans to sell its products directly and launch new E-commerce platforms.
Jeffs' Brands intends to offer Fulfillment by Merchant (FBM) services as Amazon continues limiting Fulfillment by Amazon (FBA) based inventory and service activities.The storage and logistics center is located near the second largest port in the U.S., Newark Airport and close to JFK Airport in New York. The center offers an aggregate of 100,000 square feet with 20 loading docks for loading and unloading containers and trucks. The center handles supply chain, inventory and order processing as well as shipping directly to end- customers.
"Having designated storage, logistics and shipping capabilities are key elements in our business future growth. The ability to store our inventory in close proximity to central logistic locations with high capacity to process orders and ensure shipping to our end customers, will enable us to start direct sales from our brand's websites, launch on new E-commerce platforms and support our FBM new activities," Victor Hakmon, Chief Executive Officer of Jeffs' Brands.
FBM allows the seller control of the entire shipping and handling process. Instead of paying a service fee and providing shipping inventory to Amazon to fulfill sales, the seller uses its resources and sends the items directly to its customers. By using FBM, a seller takes complete control of the entire process, from purchasing to shipping and receiving.
Read the full article here.
MDGS Recap - These 5 Potential Breakout Catalysts Are Must-Know Stuff
No. 1 - Another Tiny Float Profile Like Wednesday's Explosive Idea
No. 2 - Huge Reverse Merger News For MDGS's Partially Owned Subsidiary, Eventer
No. 3 - Game-Changing Record Revenue News For Eventer
No. 4 - MDGS Subsidiary, Charging Robotics, Files Key Patent Application
No. 5 - Partially Owned Subsidiary Makes Major Strides Towards "Growth And Expansion"
Coverage is officially initiated on MDGS. When time permits, do this: