Lixte Biotechnology agrees to buy NOMAD Transportable Power Systems, plans rebrand to NOMAD Power Solutions

Lixte Biotechnology Holdings, Inc.

Lixte Biotechnology Holdings, Inc.

LIXT

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  • Lixte Biotechnology entered a definitive agreement to acquire 100% of NOMAD Transportable Power Systems, a provider of mobile, utility-grade battery energy storage systems.
  • NOMAD markets a transportable 1 MW BESS designed to meet utility safety and interconnection standards, positioning it for utility and large industrial customers.
  • On closing, Lixte plans to rename the company NOMAD Power Solutions; any ticker change is expected in a later announcement.
  • NOMAD reported revenue growth of about 175% in 2025; management projects about 135% growth in 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lixte Biotechnology Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606120830PRIMZONEFULLFEED9746027) on June 12, 2026, and is solely responsible for the information contained therein.

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