The Grid Queue Runs Five Years. This Equipment Ships on a Truck.

News Provided by USA News Group on behalf of NOMAD Power Solutions, Inc.

BOCA RATON, Fla., Aug. 19, 2026 (GLOBE NEWSWIRE) — USA News Group News Commentary – In the space of about eight weeks, a Nasdaq-listed company joined the Russell Microcap Index, changed its corporate name and began trading under a new symbol, closed the acquisition of the operating business it is now named after, appointed to its board a fund manager who has overseen more than $12 billion of invested and committed capital across the energy and energy-transition sectors, and saw options on its common stock begin trading on the Cboe Options Exchange. Then, on August 14, it filed a quarterly report that reflects almost none of it. That gap between what the filings show and what the company now does is the most interesting thing about this situation, and it is the reason the story is worth reading twice. Companies mentioned in today’s commentary includes: NOMAD Power Solutions, Inc. (Nasdaq: NMAD), Vistra Corp. (NYSE: VST), Quanta Services, Inc. (NYSE: PWR), GE Vernova Inc. (NYSE: GEV), Equinix, Inc. (Nasdaq: EQIX).

The operating business it acquired builds battery energy storage systems that arrive on a truck. Not containerized units that need a pad poured and a substation upgraded, but deployable, utility-grade systems designed to be moved, set down, and run. The subsidiary was the first to bring a mobile, utility-grade one-megawatt system to market. Since the acquisition closed it has released a third-generation platform with more than 50% additional energy capacity, sold two commercial systems to a Kansas electric cooperative following a pilot, and added a chief of product and a director of service. None of that activity appears in the financial statements filed last week.

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NOMAD Power Solutions, Inc. (Nasdaq: NMAD), formerly LIXTE Biotechnology Holdings, filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 and provided a business update on August 14, 2026. The shift the company describes is not a departure from what it was. It has expanded its operations and strategic focus into the energy infrastructure sector, which is now its primary strategic focus, while continuing to maintain and advance its legacy oncology and medical technology assets and evaluating strategic opportunities for that portfolio. What changed in the quarter is which business the market is being asked to look at first.

The Company changed its corporate name to NOMAD Power Solutions, Inc. and began trading under the Nasdaq symbol NMAD, entering what it describes as the AI energy infrastructure sector. It is exploring strategic alternatives for its clinical stage pharmaceutical and med-tech operations focused on advancing cancer treatments, which is a different statement from abandoning them.