On April 8, 2020, CurAegis Technologies, Inc. initiated a temporary suspension of pursuit of the monetization of Aegis pump and motor technologies through a sale or other corporate relationship. This decision is directly linked to the COVID-19 pandemic which has adversely impacted and is expected to continue to adversely impact ability to generate industry interest in the Aegis technologies. Recent updates with interested parties have clearly indicated that companies in the hydraulics industry are mainly focused on internal processes, technology, and employees during this pandemic-related pause in the worldwide economy. On April 8, 2020, board of directors determined this suspension was in the best interests of the company.