Torvec Inc. has announced that the corporation has closed on the purchase of certain assets of Alertness Solutions Inc. The assets consist of the Z Coach tool; a robust web based training and educational software for the Fatigue Management Consulting Industry. The company stated that Ms. Leigh White, president of Alertness Solutions, will be joining Torvec as Executive Vice President of the Fatigue Management Consulting Division. Effective September 1, 2015, Torvec, Inc. hired Kathleen A. Browne as the company's Chief Financial Officer. Prior to this, Ms. Browne had been serving as the company's interim Chief Financial and Principal Accounting Officer pursuant to an out-sourcing service arrangement with ProNexus, LLC of Pittsford New York. Ms. Browne has served as the Chief Financial Officer of U-Vend, Inc. since 2014. From 2007-2014, she was the owner of Browne Consulting, a professional services firm advising early stage public companies on financing and compliance. The company also announced the creation of an Advisory Board for the Fatigue Management Consulting Division. They are: Dr. Kenneth Wright Jr. of the University of Colorado at Boulder; Dr. Richard J. Hanowski of Virginia Tech; Dr. Jonathan A. Marcus of the University of Rochester; Dr. Laura K. Barger of Harvard University and Dr. Melissa Mallis Scientist, expert and researcher in Fatigue Risk Management Systems.

The company also announced that it has split the company into two divisions. The CURA Division will oversee Fatigue Management Consulting business, and the Aegis Division that will oversee Power and Hydraulic business. The new name of the company will be CurAegis Technologies Inc. This will be used as a DBA until the next shareholders meeting when it will officially change the name.