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PARK CITY, UT / ACCESSWIRE / May 26, 2022 / Phoenix Rising Companies OTCQB:PRCX
DS Chang, Chief Executive Officer and President of the Company, is pleased to announce the conclusion of a Memorandum of Understanding to obtain all notable shares of Morpheus Robotics, Inc. (FKA Wimobilize Singapore Pte Ltd), a Singapore company. Morpheus created and continues its activities in Italy.
In recent years, under the direction of Massimo Strada and Stephen Lee, Morpheus has developed a number of interrelated medical technologies, including:
Generation of artificial intelligence with excessive performance
New high-performance materials programs
6-9 axis motion robotics
(Neural, Orthopedic, Dental and etc. )
Mixed Photonic Reality
Robotic images of ultra-low radiation
The Morpheus medical robotic system is the result of an unprecedented combination of AI-based software, next-generation medical imaging, holographic reality, robotic applications, ubiquitous sensors natively incorporated, providing a new ecosystem of minimally invasive robotic surgery.
One of Morpheus’ inventions provides intraoperative robotic imaging to collect critical new data during an operation. This device takes a fast and high-quality symbol while reducing radiation by 98% compared to other methods.
The scope is broad as the formula solves some of the most unusual and critical surgical problems, adding surgical adjustments, operation plans, very precise general removal of the cancer, and monitoring of the patient’s condition during the operation with an unprecedented point of detail.
The Morpheus Suconsistent with Calculus GPU-based device is a parallel vector-compatible computer device capable of processing 40 trillion moment-compatible drives, ensuring sleek 4X4K ultra-high definition, ultra-fast segmentation of synthetic intelligence, real-time holographic combined data modeling. , real-time visual auto-alignment guide.
Morpheus and continues to use a senior engineering team in Milan, Italy.
DS Chang, CEO of Phoenix, said, “This acquisition, if completed, represents a step towards the Westernization of Phoenix with new acquisitions that will offer a great opportunity for expansion for the company and its shareholders. “
Massimo Strada, CEO of Morpheus, is credited with being the inventor of the Morpheus A. I. IoT technical platform that CISCO hailed as the segment’s technical leader.
The Memorandum of Understanding includes the terms and situations that will be met to complete the Acquisition, including: the issuance of 100,000,000 Phoenix Restricted Common Shares to Morpheus stock traders, the preparation and acceptance of a final acquisition agreement, final approval by the respective Boards of Directors, arrangements for adequate equity financing for Morpheus in the expected amount of $8,000,000 and other situations that have recently occurred. exist or will resist final negotiations.
In addition to this MOU, Phoenix continues to move toward projects and more with the purpose of creating subsidiaries and divisions in the Western Hemisphere that promise growth, sustainability and profitability.
More will be announced as they become available.
For more information on Phoenix Rising Companies, www. phoenix-cos. com
contact ir@phoenix-cos. com
WARNING
This press release includes forward-looking statements. Known and unknown threats would possibly cause the actual long-term effects to vary materially. Statements are based on the existing expectations, estimates and projections of the controller and advisor; they are not promises of long-term functionality and are subject to certain threats, uncertainties and other factors, some of which are out of control and difficult to predict. The reader of this press release deserves not to place undue reliance on forward-looking statements. Investors deserve to realize that making an investment in PRCX stocks carries a high degree of threat and deserves to seek a competent investment recommendation before buying shares.
SOURCE: Phoenix Rising Companies
See the edition in accesswire. com: https://www. accesswire. com/702693/Phoenix-Rising-Companies-Announces-MOU-To-Acquire-Morpheus-Robotics-a-Developer-of-Medical-Aritificial-Intelligence- and-Devices