NXT Energy Solutions Acquires Complete Ownership of SFD Technology Including All Remaining SFD Application Rights

Executive Summary

• NXT Energy Solutions Inc. acquired the remaining rights to its proprietary SFD® technology from the heir of founder George Liszicasz, achieving 100% ownership across all applications.
• The acquisition expands NXT’s control beyond hydrocarbon and geothermal uses to include mineral systems and other strategic subsurface resources.
• Transaction completed on arm‑length terms; the seller remains a significant shareholder in NXT.

Key Details

• Transaction Scope: Full ownership of SFD® technology for present and future applications, sensor uses, and geophysical targets (including mineral systems, hydrocarbon, geothermal, etc.).
• Previous Ownership: Prior to this deal, NXT owned the technology only for hydrocarbon and geothermal applications.
• Seller: Heir of former founder/CEO George Liszicasz, who retains a significant equity position in NXT post‑transaction.
• Deal Terms: Completed on arm’s‑length terms; specific financial consideration not disclosed.
• Strategic Impact: Consolidates IP, simplifies development path, and positions NXT to explore adjacent market opportunities (e.g., mineral exploration).
• CEO Quote: “Consolidating full ownership of SFD® technology under NXT simplifies our path forward… this positions us to explore adjacent opportunities as they arise.” – Bruce Wilcox, CEO.

Notable Quotes

“Consolidating full ownership of SFD® technology under NXT simplifies our path forward,” said Bruce Wilcox, NXT’s Chief Executive Officer. “While our primary focus remains on serving the energy industry, this positions us to explore adjacent opportunities as they arise.”