Unusual Machines, Inc. (UMAC) saw its stock rise by 5.01% to close at $13.00 on January 10, 2025, following the recent unveiling of its new ReadyMac 500 at Plast Eurasia. The stock opened at $12.84 and reached a high of $13.97, with trading volume at 1,731,579 shares, significantly below the average daily volume. The ReadyMac 500, a 60 hertz version of the company's plastics recycling system, was showcased in Istanbul from December 4 to 7, 2024. This new version is designed for global deployment, offering cost-effective and versatile recycling solutions with a throughput of up to 500 kg/h. The immediate availability and robust design of the ReadyMac 500 have likely spurred investor interest, contributing to the stock's upward movement.
The presentation of the ReadyMac 500, priced at €375,000, highlights UMAC's expansion into global markets, leveraging EREMA's proven TVE technology. This development positions UMAC to capitalize on the growing demand for efficient recycling solutions, enhancing its market presence.