PORT JEFFERSON, N.Y., July 15, 2026 (GLOBE NEWSWIRE) -- Innovative Holdings Alliance, Inc. (OTCID: IHAI), the parent company of Premergy, today provided shareholders with a comprehensive corporate update highlighting significant progress in the Company's transformation into an advanced energy technology company focused on battery management, intelligent power optimization and intellectual property monetization.
The Company is filing to change its corporate name to Premergy, aligning its public identity with its flagship technology platform and long-term strategy. After the approval the company will apply for a symbol change. A redesigned corporate website is expected to launch in the next week alongside an updated investor presentation which can be found on OTC Markets, which more clearly communicates the Company's technology portfolio, commercialization strategy and growth initiatives.
Executing Across Multiple Strategic Initiatives
Management continues to execute on several parallel initiatives designed to maximize shareholder value, including:
Commercialization initiatives across automotive, AI data centers, drone/UAV and grid energy markets.
Strategic discussions with OEMs, technology companies and potential commercial partners.
Expansion of patent licensing, joint venture and intellectual property monetization initiatives.
Continued execution of an asset-light licensing business model.
Technology Validation
The Company has re-engaged Clemson University's International Center for Automotive Research (CU-ICAR) to continue independent evaluation of its battery management technology platform. Management believes further third-party validation will support commercialization initiatives and intellectual property licensing efforts. In addition to Automotive, applications for batteries and charging specific to UAV Drones is being conducted.
Intellectual Property Strategy
Premergy recently engaged Sigma Law Group, www.sigmalawgroup.com, led by veteran intellectual property attorney James Smedley, to assist in developing and executing its intellectual property monetization and enforcement strategy. The Company expects Sigma Law to work alongside management in evaluating licensing opportunities, strategic partnerships and, where appropriate, enforcement of the Company's patent portfolio.
The Company continues to pursue a licensing-first strategy while preserving all available legal remedies to protect shareholder assets.
Commercial Development
Management has commenced discussions with multiple drone and UAV manufacturers regarding potential commercial applications of Premergy's technology platform. These discussions are focused on evaluating opportunities for strategic development partnerships and future licensing relationships. While no agreements have been executed, the Company believes the rapidly expanding drone and autonomous systems markets represent a significant opportunity for its battery management technologies.