Issued on behalf of NOMAD Power Solutions, Inc. (Nasdaq: NMAD), formerly LIXTE Biotechnology Holdings, Inc. (Nasdaq: LIXT)
NOMAD Power Solutions, Inc. has completed its corporate name change from LIXTE Biotechnology Holdings, Inc. and begins trading today under the new Nasdaq ticker NMAD, marking its transition into the AI energy infrastructure equipment and services sector following its acquisition of NOMAD Transportable Power Systems
American News Group News Commentary
BOCA RATON, Fla., July 6, 2026 /PRNewswire/ — The artificial intelligence buildout has run headlong into a physical bottleneck: electricity. Data centers are demanding power faster than the grid can add it through traditional fixed infrastructure, and that gap is creating openings for companies that can deliver power on demand. Against that backdrop, the company formerly known as LIXTE Biotechnology Holdings, Inc. has completed its transformation into NOMAD Power Solutions, Inc. (Nasdaq: NMAD), a new corporate identity that reflects its move into the AI energy infrastructure equipment and services sector following its acquisition of NOMAD Transportable Power Systems.
Key Takeaways
The company has completed its corporate name change from LIXTE Biotechnology Holdings, Inc. (Nasdaq: LIXT) to NOMAD Power Solutions, Inc. (Nasdaq: NMAD).Common stock begins trading today under the new ticker NMAD on the Nasdaq Stock Market; shares under the symbol LIXT ceased trading at the close of market on Thursday, July 2, 2026.The new corporate identity reflects the Company’s transition into the AI energy infrastructure equipment and services sector, following its acquisition of NOMAD Transportable Power Systems.NOMAD introduced a mobile, utility-grade, truck-transportable battery energy storage system, providing instantaneous power to an electrical grid or facility and bypassing the months of construction typically required for traditional fixed installations.The Company is entering a sector populated by established public energy and storage names investors track, including Fluence Energy (Nasdaq: FLNC), GE Vernova (NYSE: GEV), Bloom Energy (NYSE: BE), and Stem, Inc. (NYSE: STEM), each distinct, far larger, and none a proxy for the Company.
A Biotechnology Company Reborn as a Power Company
The name change marks one of the more complete corporate reinventions in the public markets. Historically, LIXTE Biotechnology Holdings, Inc. focused on the development of innovative cancer therapies and medical technologies. Following its acquisition of NOMAD Transportable Power Systems, the Company has repositioned itself as an AI energy infrastructure equipment and services platform and adopted a new corporate name and ticker to match. The Company has framed the move as a strategic transition aimed at the power and infrastructure requirements of artificial intelligence, cloud computing, and hyperscale data center operators.
The Company’s common stock will begin trading today under its new ticker, NMAD, on the Nasdaq Stock Market. Shares under the symbol LIXT ceased trading at the close of market on Thursday, July 2, 2026.
“Our new corporate name marks an important milestone in the Company’s transformation, reflecting who we are today and where we are headed,” said Geordan Pursglove, Chief Executive Officer. “We believe the broad AI energy sector offers significant, scalable growth opportunities and tangible long-term shareholder value, as we address a multi-billion dollar rapidly growing marketplace.”
The Product: Power That Arrives on a Semi-Trailer
What NOMAD Transportable Power Systems brings to the Company is a physical product built for speed of deployment. NOMAD introduced a mobile, utility-grade, truck-transportable battery energy storage system. Its innovative mobile products provide instantaneous power to an electrical grid or facility, bypassing the months of construction typically required for traditional fixed installations.
The patented platforms are deployed on semi-trailers and serve emerging AI-driven applications, along with utilities, industrial operators, government agencies, and critical infrastructure providers, through equipment sales, rentals, and Energy-as-a-Service offerings. That model, delivering utility-grade storage that can be driven to a site and connected quickly, is what the Company argues sets it apart from the slower cadence of permanent installations.
Why Deployable Storage, and Why Now
The strategic logic rests on a mismatch that has become one of the central themes in energy markets: AI and hyperscale data center operators are driving power consumption at a rapidly growing pace, and existing grid infrastructure cannot always absorb that demand through traditional fixed assets alone. The Company’s mobile products are designed to provide instantaneous power to a grid or facility, bypassing the months of construction typically required for fixed installations, precisely when data center operators want new capacity fastest.
Founded in 2020, NOMAD is focused on supporting the rapidly growing power and infrastructure requirements of artificial intelligence, cloud computing, and hyperscale data center operators. The Company is focused on capitalizing on the accelerating demand for reliable, scalable, and efficient energy infrastructure solutions driven by the global expansion of AI.
The Market the Company Is Chasing
The Company describes its opportunity as a multi-billion dollar, rapidly growing marketplace positioned at the intersection of the AI compute buildout and the demand for reliable, scalable, and efficient energy infrastructure. As NOMAD Power Solutions, the Company aims to capitalize on accelerating demand driven by the global expansion of AI. It is an ambitious repositioning, and the Company remains early in executing it.
The Public Companies Powering the AI Buildout
The Company is undergoing a corporate transformation and is not directly comparable to the established names below. These comparisons are for industry context only; each company pursues a different business model and operates at vastly greater scale, and none is a proxy for the Company or implies any partnership or comparable performance. The broader energy-for-AI theme has drawn heavy investor attention through 2026 as power availability has become a defining constraint on the AI industry.
Fluence Energy (Nasdaq: FLNC) is a global leader in grid-scale battery storage, pairing lithium-ion systems with AI-powered optimization software across dozens of markets. As one of the most visible pure-play battery energy storage integrators in the public markets, Fluence illustrates the scale of the grid-storage category that deployable systems operate within.
GE Vernova (NYSE: GEV) is an electric-power company spanning generation, grid equipment, and storage, and has become one of the most closely watched names tied to AI data-center power demand, with its equipment deployed at large-scale AI campuses. GE Vernova reflects the heavy-infrastructure end of the power buildout the AI boom is driving.
Bloom Energy (NYSE: BE) makes on-site fuel-cell power platforms that generate electricity at a facility, a bring-your-own-power approach increasingly used to supply data centers directly. Bloom offers a view of the on-site, deploy-where-needed segment of the market that shares NOMAD’s emphasis on speed and location flexibility.
Stem, Inc. (NYSE: STEM), an energy-storage company built around AI-driven software and services, pairs storage hardware with an optimization platform and service model. Stem illustrates the storage-plus-software and Energy-as-a-Service approach that overlaps with parts of NOMAD’s offering.
The Bottom Line
A completed name change is the start of a transformation, not the finish. NOMAD Power Solutions is a company in transition whose value now depends on building its AI energy infrastructure business, capitalizing on the demand its mobile products are designed to serve. But the thesis is timely and clear: the AI buildout has made fast, flexible, utility-grade power one of the most valuable things a company can deliver, and NOMAD is betting its truck-transportable storage sits exactly where that demand is most acute. For investors watching how the power bottleneck behind AI gets solved, the Company’s pivot is a concrete data point, with the NMAD trading debut and its execution the markers worth watching from here.
SIGNAL OVER NOISE
Signal over noise. Energy-storage, data-center, and AI-infrastructure headlines move fast, and the crowd often moves first. Eagle Eye is a real-time investor signal-intelligence platform that surfaces sentiment shifts, news flow, and trending tickers as they happen, so you see the move forming instead of reading about it later. See it at eagle-eye.dev.
CONTACT
American News Group
info@usanewsgroup.com
SOURCES
[1] NOMAD Power Solutions, Inc., “LIXTE Completes Corporate Name Change to NOMAD Power Solutions, Inc.; To Begin Trading Under New Nasdaq Symbol NMAD” (news release, Boca Raton, Fla., July 6, 2026).
[2] Fluence Energy, Inc. (Nasdaq: FLNC), corporate disclosures and market data, 2026.
[3] GE Vernova Inc. (NYSE: GEV), corporate disclosures and market data, 2026.
[4] Bloom Energy Corporation (NYSE: BE), corporate disclosures and market data, 2026.
[5] Stem, Inc. (NYSE: STEM), corporate disclosures and market data, 2026.
DISCLAIMER
Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. This article is being distributed for Market IQ Media Group Limited, a company incorporated under the laws of Ireland (“MIQL”), which wholly owns and operates American News Group. MIQL has been paid a fee for NOMAD Power Solutions, Inc. (formerly LIXTE Biotechnology Holdings, Inc.) advertising and digital media from Creative Direct Marketing Group (“CDMG”). There may be 3rd parties who may have shares of NOMAD Power Solutions, Inc., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. MIQL and its owner/operators do not own any shares of NOMAD Power Solutions, Inc., but reserve the right to buy and sell shares of NOMAD Power Solutions, Inc. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQL has been reviewed and approved on behalf of NOMAD Power Solutions, Inc. by CDMG. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
FORWARD-LOOKING STATEMENTS: This publication contains forward-looking statements, including statements regarding the Company’s completed corporate name change to NOMAD Power Solutions, Inc. and ticker change to NMAD; the Company’s strategic transition into an AI energy infrastructure equipment and services platform; anticipated growth from its acquired business, NOMAD Transportable Power Systems; the Company’s products, market opportunity, and business prospects; and the anticipated disposition of the Company’s legacy life sciences business. Forward-looking statements are based on current expectations and assumptions and are subject to known and unknown risks and uncertainties, many beyond the Company’s control, including the ability to integrate and scale the acquired business and its operations; competition from larger and better-capitalized companies; capital requirements; the ability to dispose of the legacy life sciences business on acceptable terms; and other risks described in the Company’s filings and reports with the U.S. Securities and Exchange Commission. Actual results could differ materially from those projected. Except as required by law, the Company undertakes no obligation to update any forward-looking statement. References to other companies are based on those companies’ public disclosures, are provided for industry context only, and do not imply any partnership, endorsement, affiliation, or comparable performance.
View original content to download multimedia:https://www.prnewswire.com/news-releases/ai-energy-pivot-complete-lixte-biotechnology-finishes-corporate-rebrand-to-nomad-power-solutions-begins-trading-under-nasdaq-nmad-302818495.html
Technology4 days ago
Technology4 days ago
Technology5 days ago
Near Videos5 days ago
Technology4 days ago
Technology4 days ago
Coin Market5 days ago
Technology5 days ago