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LIXTE merges with NOMAD, shifting focus to mobile battery energy storage and rebrands as NOMAD Power Solutions.

Company Fundamentals
02 Jul 2026
GlobeNewsWire
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Bullish
pluang ai news

LIXTE Biotechnology Holdings has completed its merger with NOMAD Transportable Power Systems, a leader in mobile utility-grade battery energy storage systems (BESS). This strategic move shifts LIXTE's focus from biotechnology to the rapidly growing energy storage sector, targeting a multi-billion-dollar market driven by AI, electrification, and grid modernization. The company will rebrand as NOMAD Power Solutions and trade under the symbol NMAD. NOMAD will operate as a wholly owned subsidiary, continuing its growth with over 30 active projects across North America, aiming to scale manufacturing and meet rising demand from utilities and AI infrastructure sectors.

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