Vivakor, Inc 8-K, filed Mar 25, 2022
Vivakor, Inc. (VIVK)
About this 8-K
Vivakor, Inc filed this 8-K on March 25, 2022.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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| Item 7.01 | Regulation FD Disclosure. |
On March 25, 2022, Vivakor Inc. (the “Company”) issued a shareholder letter regarding the Company’s recent completion of the design stages of its self-powered roadway sensors and beginning of prototype stages.
The information provided in this Item 7.01 is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any registration statement or other filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference to such filing.
| Item 8.01 | Other Events. |
On March 22, 2022, the Company issued a press release announcing the completion of the design stages of its self-powered roadway sensors and beginning of prototype stages. A copy of the press release is attached as Exhibit 99.2 hereto and is incorporated herein by reference.
| Item 9.01. | Exhibits. |
(d) Exhibits
| Exhibit No. | Exhibit | |
| 99.1 | Shareholder Letter announcing Approval of Smart Road Sensors Prototype, dated March 25, 2022. | |
| 99.2 | Press Release announcing Approval of Smart Road Sensors Prototype, dated March 22, 2022. | |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL). |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| VIVAKOR, INC. | |||
| By: | /s/ Matthew Nicosia | ||
| Name: | Matthew Nicosia | ||
| Title: | Chief Executive Officer | ||
Dated: March 25, 2022
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Exhibit 99.1
Subject: Vivakor Completes Design and Moves to Prototyping New Smart Road Sensors
Vivakor, in partnership with TBT group and Rowan University’s Center for Research and Education in Advanced Transportation Engineering Systems (CREATEs), has announced that the design stage for four new smart road sensors has been completed and prototyping is scheduled to begin.
Learn about the details here:
The four sensors, designed to be embedded into asphalt roads, will communicate directly with smart vehicles as well as gather and transmit information on roadway temperature, traffic volume, and other useful data points.
"We envision soon being able to offer our asphalt customers not only an environmentally friendly asphalt that was reclaimed from waste, but also an embedded smart sensor technology that will make the roadways safer. This is an exciting step for Vivakor," said Matt Nicosia, CEO of Vivakor, Inc.
About Vivakor, Inc.
Vivakor, Inc. is a clean energy technology and asset acquisition company with a focus in the area of natural resources. Vivakor's corporate mission is to create, acquire and accumulate distinct assets, intellectual properties, and exceptional technologies that produce solid returns to its valued shareholders and partners. The company currently focuses on bitumen (heavy crude) extraction from shallow, oil-laden areas in Eastern Utah, along with petroleum-based remediation projects across the globe. The technologies utilized are low-cost, proprietary and proving themselves industry disruptive when measured by a number of important factors. The general business model has been to be an acquisition hub, focused on building and acquiring cash-flowing assets in discrete areas that have an acknowledged technological advantage and enable a substantial market opportunity within significant target markets across the globe. Our research, and the technology we acquire are anchored by our relationships with synergistic partners and product-specific commercialization strategies. From the point of product or technology conception, or through acquisition, development and commercialization, we expect to have strategic partners, joint ventures or licensing arrangements in place for many of our products to sustain revenue attainment.
For more information, please visit our website www.vivakor.com.
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Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements," including with respect to the Company's initial public offering. No assurance can be given that the offering will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to the Company on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including, without limitation, those set forth in the Risk Factors section of the Company's Registration Statement and preliminary prospectus for the offering filed with the SEC. Thus, actual results could be materially different. The Company undertakes no obligation to update these statements whether as a result of new information, future events or otherwise, after the date of this release, except as required by law.
Contact
949-281-2606
info@vivakor.com
ClearThink
nyc@clearthink.capital
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Exhibit 99.2
Vivakor Collaborates on Prototyping of its Self-Powered Roadway Sensors
Helping to Pioneering the Conversion to “Smart Roads”
South Salt Lake City, UT – Accesswire – March X, 2022 – Vivakor, Inc. (NASDAQ: VIVK), a socially responsible operator, acquirer, and developer of clean energy technologies and environmental solutions, today announced that in collaboration with TBT Group, Inc. and the Center for Research and Education in Advanced Transportations Systems (CREATEs) at Rowan University, the completion of the design stages of its self-powered roadway sensors and the beginning of prototype stages.
This marks a major advancement since the exclusive agreement that allows Vivakor to license TBT’s group energy harvesting and sensor technology, and is expected to put the Company in a position to help support infrastructure needed for usage of autonomous vehicles.
Four types of smart road sensors have been designed: one to collect temperature data to allow Departments of Transportation to better direct salting and plowing operations; one to collect roadway wear information to better direct repair crews; one to detect traffic; and one to communicate directly with smart automobiles, providing them a clear picture of the edge of the highway, as weather, daylight and other conditions can have negative effects on the onboard automobile sensors.
The sensors utilize TBT’s energy harvesting piezo-electric technology which converts the traffic-induced vibrations of the roadway to energy that powers the embedded sensors; eliminating the need for battery replacement or costly maintenance and allowing for the low-cost and easy-to-install smart sensors to be sustainable far beyond the roadway lifetime.
“We are very excited that we have completed the design on four discreet sensors and are now starting to create prototypes. Sensors with the ability to generate predictive data for road maintenance and traffic information will greatly reduce roadway operating costs while bolstering roadway safety,” said Dan DeClement, CEO of TBT Group.
“We envision soon being able to offer our asphalt customers not only an environmentally friendly asphalt that was reclaimed from waste, but also an embedded smart sensor technology that will make the roadways safer. This is an exciting step for Vivakor,” said Matt Nicosia, CEO of Vivakor, Inc. “We are also excited about the potential for enmeshing the TBT proprietary piezo-electric materials into our patented nanosponge to attempt to harvest additional energy for greater sensor capabilities.”
About Vivakor, Inc.
Vivakor, Inc. www.vivakor.com, is a clean energy technology, ESG company focused in the area of oil remediation and natural resources. Vivakor’s corporate mission is to create, acquire and accumulate distinct assets, intellectual properties, and exceptional technologies that produce solid returns to its valued shareholders and partners. The company currently focuses on its patented Remediation Processing Centers that allows for the environmentally friendly recovery of bitumen (heavy crude) and other hydrocarbons from the remediation of contaminated soils. It is believed to be the only remediation system that can clean soils with more than 5% by weight oil contamination while fully recovering the oil and leaving the soil fully viable for reuse. It is currently focused on extraction from shallow, oil-laden areas in Eastern Utah, along with petroleum-based remediation projects in Kuwait and in Houston Texas.
For more information, please visit our website: www.vivakor.com
About TBT Group, Inc.
TBT is a manufacturer of piezoelectric and dielectric materials based in Bellmawr, NJ. TBT is focused on the manufacturing of components for both industrial and defense sonar applications. It is also focusing on developments of advanced piezoelectric materials for uses in sensor applications and energy harvesting systems. TBT is creating innovative energy harvesting and power management solutions for low-cost autonomous sensor devices for smart sensors and IoT networks.
For more information, please visit https://www.tbtgroup.net
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About Rowan University’s Center for Research and Education in Advanced Transportation Systems (CREATEs)
The Rowan University’s CREATEs, a research center in Rowan College of Engineering, is the only academic institution in the northeast region of the United States that has the facilities to conduct state-of-the-art accelerated pavement testing. CREATEs is conducting cutting edge, applied, and readily implementable research, to find innovative solutions to current and future challenges related to pavement materials and transportation engineering. These solutions will benefit, among others, the pavement and construction materials industry, local and state agencies across the nation, the Federal Highway Administration (FHWA), and the Department of Defense (DoD).
For more information, please visit https://rowancreates.org
Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including economic slowdown affecting companies, our ability to successfully develop products, rapid change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Vivakor’s filings with the Securities and Exchange Commission, which factors may be incorporated herein by reference. Forward-looking statements may be identified but not limited by the use of the words “anticipates,” “expects,” “intends,” “plans,” “should,” “could,” “would,” “may,” “will,” “believes,” “estimates,” “potential,” or “continue” and variations or similar expressions. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
Investors Contact:
p. 949-281-2606
info@vivakor.com
ClearThink
p. 917-658-7878
nyc@clearthink.capital
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