LIXTE Biotechnology to Acquire NOMAD Transportable Power Systems, the Market Leader in Mobile, Utility-Grade Battery Energy Storage Systems (BESS)

A company is set to change its name to NOMAD Power Solutions, as it introduces the first-ever mobile, utility-grade Battery Energy Storage System (BESS) with a capacity of 1 MW. This innovation marks a significant step towards addressing a lucrative power capacity market estimated to be worth several hundred billion dollars.