Reticulate Micro to Acquire RMX and Rebranding Reticulate Micro as RMX

Reticulate Micro, Inc., a software products company specializing in advanced video compression technology, announced that it will acquire the remaining shares of RMX Industries Inc. (“RMX”) that it does not currently own through an expected share exchange transaction pursuant to an agreement to be entered into by the parties. The move will consolidate operations and align resources to accelerate commercial business opportunities across key sectors. The transaction is expected to close by the end of April 2025.

The consolidation will mark a significant milestone in the Company’s evolution as it rebrands under the RMX name. Initially focused on resilient communications solutions for military applications, RMX has expanded into commercial markets, leveraging its cutting-edge video and image compression technology to drive innovation in telecommunications, healthcare, mining, and beyond.

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“The acquisition of the remaining shares of RMX represents a natural next step in our growth strategy,” said Michael Chermak, Reticulate Micro Executive Chairman. “By bringing all operations under one roof, we can streamline efficiencies, enhance our market position, and capitalize on the tremendous commercial opportunities ahead.”

Karl Kit, CEO of RMX, added, “The timing of this consolidation is driven by the rapid expansion of our commercial business pipeline. Following the acquisition, the Company will be well-positioned to execute its growth strategy, including a planned uplist to a major exchange. The Company remains committed to innovation and expanding its presence in high-growth commercial markets.”

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The rebranded RMX will continue to advance its proprietary technology, which has been rigorously tested in over 20 military exercises and has demonstrated groundbreaking capabilities, including the first successful transmission of video over HF radio. The Company’s technology solutions address real-world challenges in industries where video and imagery play a critical role.

The consummation of the share exchange transaction with RMX pursuant to which the Company will acquire the remaining shares of RMX is subject to the parties entering into a definitive share exchange agreement or similar agreement and to the satisfaction of conditions precedent contained in such agreement.

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Source – PR Newswire

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