NXT Energy Solutions Inc. finalized the purchase of the remaining rights to its SFD® technology on December 23, 2025, bringing the proprietary gravity‑based airborne survey system fully under its control. The rights had previously been held by the heir of founder and former CEO George Liszicasz, who passed away in January 2023. The transaction was conducted on arm’s‑length terms, though the financial details were not disclosed.
The acquisition removes a key limitation that had restricted the company’s use of SFD® to hydrocarbon and geothermal applications. With full ownership, NXT can now deploy the platform in mineral‑system exploration and other subsurface markets, potentially opening new revenue streams and strengthening its competitive position in the energy solutions space. The move also simplifies the company’s intellectual‑property structure, allowing it to focus resources on product development and market expansion.
NXT’s financial profile remains challenging. An Altman Z‑Score of –4.2 and a Beneish M‑Score of 9.64 signal significant distress and potential earnings manipulation. Revenue growth has declined 45 % over the past three years, and the company posted a net margin of –27.22 %. However, the first nine months of 2025 saw revenue jump to $14.21 million from $0.60 million in 2024, driven by successful projects in Africa and Southeast Asia. The acquisition is therefore seen as a strategic step to stabilize and grow the business amid ongoing financial headwinds.
CEO Bruce Wilcox said, “Consolidating full ownership of SFD® technology under NXT simplifies our path forward. While our primary focus remains on serving the energy industry, this positions us to explore adjacent opportunities as they arise.” The comment underscores the company’s intent to leverage the newly acquired rights to broaden its product lineup and pursue growth in related markets.
Additional context highlights that NXT had previously secured geothermal rights to SFD® in April 2021 and received a $2 million strategic investment from Mork Capital in November 2025 to advance the technology in Western Canada. The company also entered a ten‑year alliance with Synergy E&P Technologies Limited for exclusive rights in Africa. SFD® is a patented, gravity‑based system that uses quantum‑mechanics principles to infer stress anomalies and identify fluid‑entrapment zones, offering an environmentally friendly alternative to traditional seismic surveys.
The deal was completed at arm’s‑length terms, with no public disclosure of the transaction value. While the heir of George Liszicasz retains a significant shareholding, the exact percentage remains undisclosed. NXT now holds full control of the SFD® platform, positioning the company to capitalize on its expanded application scope and to drive future revenue growth despite its current financial challenges.
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