NewGen Technologies Inc.
NWGN
Other OTC0.00
USD
- -
- -
ISIN
US6513601095
CUSIP
651360109
Return %
Stock
S&P500
1Y
9,900.00
26.53
3Y
- -
76.60
5Y
-90.00
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- S. Bruce Wunner
- Full Time Employees
- 52
- Sector
- Basic Materials
- Industry
- Chemicals - Specialty
- Address
- 6000 Fairview Road Duluth United States of America
- IPO Date
- Sep 17, 2002
- Website
- newgentechnologies.com
- Similar Companies
- Business
- NewGen Technologies Inc specializes in delivering advanced technology and talent solutions that transform business processes and address complex IT challenges. The company offers a comprehensive portfolio including consulting services with industry experts; systems services encompassing design, build, and management of tailored IT systems such as physical, virtual, and cloud infrastructure; and software services involving custom software creation, application integration, and enhancement of existing tools. Its technology competencies span AI, machine learning, enterprise architecture, and cyber security, targeting sectors such as government, financial services, and large enterprises primarily in the US, Europe, and Middle East. Founded in 1997 and headquartered in the United States, NewGen leverages its specialized talent pool to support digital transformation, secure enterprise applications, and innovate mission-critical IT solutions. Recently, NewGen reported significant strategic developments including two transformative acquisitions that enhanced its intellectual property portfolio, notably acquiring MicroSort® sperm-sorting technology to expand into fertility services. The company is also actively expanding into digital assets, investing around $30 million in Solana cryptocurrency and engaging in tokenization of high-value assets such as private art collections and gold-backed securities. Through a subsidiary, NewGen entered a joint venture for real estate development in Ras Al Khaimah, UAE, securing a controlling stake in a revenue-sharing project. Additionally, it is exploring a reverse merger with SAXA, Inc. to gain mining assets including validated gold and silver mines. The board authorized a $2 million share repurchase program to signal confidence in the company’s value. These initiatives mark a shift towards a diversified growth strategy that leverages its technology licensing model with aspirations for global scale and new revenue streams across technology, digital assets, and real estate sectors. NewGen's industry focus centers on technology solutions for government, security, and enterprise clients, prioritizing high-value IP and AI-driven automation. The company’s offerings include low-code platforms, AI-based chatbots, enterprise content management, customer communication management, and automation platforms for financial services such as digital account opening, consumer and commercial lending, trade finance, and insurance. Its geographic footprint spans North America, Europe, and the Middle East, with expansions through global partnerships and strategic alliances. NewGen continues to invest heavily in research and development with a strong emphasis on AI, cloud computing, and digital transformation technologies, supporting a growing customer base from Fortune 500 firms to public sector organizations. The company is publicly traded under the ticker NWGN. These prominent products, services, and strategic changes collectively highlight NewGen Technologies Inc as a technology-driven enterprise focused on leveraging innovative IP, digital assets, and diversified market strategies to drive sustainable growth and shareholder value.