SHORT HILLS, NJ--(Marketwired - Mar 14, 2016) - Umbra Applied Technologies Group, Inc. (OTC PINK: UATG), a Defense and Intelligence firm, today announced that it has relocated its corporate headquarters from Short Hills, New Jersey to Tampa, Florida. Umbra has executed a five-year lease for a new principal place of business at 2203 N Lois Ave, Suite G-400, Tampa FL 33607. Umbra will continue to operate research and development, regulatory and quality operations in Austin TX. All other functions will be conducted at the Tampa offices.
"This move allows us to take advantage of Tampa's strong military and government talent pool while providing a location that also facilitates a more efficient and effective interaction with our national sales force and strategic partners on the East Coast," said Alex Umbra, CEO and Chairman of UAT Group.
UAT Group has been considering the composition and location of its headquarters for the past 18 months. The Company began its formal review in September 2014, with a list of 17 potential locations. Tampa was selected after a careful evaluation of the business ecosystem, talent, long-term costs, employee's quality of life and proximity to additional strategic corporate assets.
"Our new location and enhanced operational efficiencies will help us continue to grow and evolve to keep pace with our client's needs, allowing us to continue to provide the attention to detail and level of excellence a UAT client has come to expect."
UAT Group has a significant existing presence in Tampa, with key strategic partners already operational in Florida and with much of its management having residency in the area. Many team members have already relocated to Tampa to support its relationships with the state's law enforcement agencies.
"UAT Group aspires to be the most competitive company in the world, and offices with an immediate vicinity to international travel and hotel accommodations will afford us the ability to quickly and efficiently cater to incoming clients and outbound team members," said UATG Chairman. Umbra continued to state, "At UAT Group, it is our goal to be at the center of an ecosystem that includes all of our market segments."
Forward-Looking and Cautionary Statements: This press release contains "forward-looking" statements that are based on present circumstances and on Umbra Applied Technologies Group predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements, including any statements regarding the plans and objectives of management for future operations or products, the market acceptance or future success of our products, and our future financial performance, are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements. Forward-looking statements are made only as of the date of this release and Umbra Applied Technologies does not undertake and specifically declines any obligation to update any forward-looking statements. Readers should not place undue reliance on these forward-looking statements.