PRF Technologies Issues Letter to Shareholders Highlighting $11.0 Million Cash Position, Entering Phase 2 Trial of OcuRing™-K and GridFeed™ Opportunity in AI Data Center Power
Key Highlights
- ➤Cash $11.0 million and liabilities $2.5 million as of September 30, 2026
- ➤PRF raised $10.5 million through its equity line during nine months
- ➤LayerBio expects OcuRing™-K Phase 2 enrollment before year-end
- ➤GridFeed planned as standalone subsidiary to pursue strategic transactions
- ➤GridFeed evaluating AI data-center power optimization as electricity demand grows
Expert Statements
Efraim Cohen-Arazi, Interim Chief Executive Officer of PRF Technologies
“With a strengthened balance sheet, LayerBio is preparing to initiate its U.S. multi-center Phase 2 trial of OcuRing™-K, and we have taken important steps to build GridFeed™ into a standalone AI energy business with a new opportunity in data center power.”
Efraim Cohen-Arazi, Interim Chief Executive Officer of PRF Technologies
“Our focus over the coming months is on advancing LayerBio’s clinical program, developing GridFeed and maintaining financial discipline.”
Efraim Cohen-Arazi, Interim Chief Executive Officer of PRF Technologies
“We believe this financial position allows us to focus on continued disciplined execution while keeping the flexibility to act on attractive opportunities as they arise.”
Efraim Cohen-Arazi, Interim Chief Executive Officer of PRF Technologies
“We believe OcuRing™-K has the potential to eliminate the need for those regimens and to make recovery easier for patients.”
Efraim Cohen-Arazi, Interim Chief Executive Officer of PRF Technologies
“With reducing reliance on opioids remaining a clinical and public health priority, we believe these results support the potential of our proprietary extended-release delivery platform.”
Efraim Cohen-Arazi, Interim Chief Executive Officer of PRF Technologies
“We also announced that GridFeed is exploring AI and hyperscale data centers as a new market.”
Efraim Cohen-Arazi, Interim Chief Executive Officer of PRF Technologies
“Access to reliable power is becoming one of the main constraints on data center growth.”
Efraim Cohen-Arazi, Interim Chief Executive Officer of PRF Technologies
“Our strategy remains centered on creating long-term shareholder value through disciplined capital allocation focused on the development of innovative technology businesses.”
Preliminary cash, including short-term deposits, of approximately $11.0 million as of September 30, 2026, and total liabilities of approximately $2.5 million
Interim CEO Efraim Cohen-Arazi details LayerBio’s plans to enroll patients in the U.S. multi-center Phase 2 trial of OcuRing™-K before year-end and GridFeed’s strategic growth initiatives
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