PainReform Completes DeepSolar Acquisition for Growth in AI Solar Analytics

PainReform Ltd., a specialty pharmaceutical company, successfully completed the acquisition of DeepSolar, an AI-driven solar analytics company, from BladeRanger Ltd. in Tel Aviv, Israel. This strategic acquisition marks PainReform's foray into the clean energy sector by integrating DeepSolar's AI-driven solutions to optimize solar energy asset management. DeepSolar's software enhances solar farm efficiency by integrating predictive maintenance and actionable insights that optimize energy production and reduce operational costs, thereby boosting solar asset profitability. The acquisition aims to generate recurring revenues via a SaaS model, reduce customer operational expenses by 30%, and penetrate broader markets that include utility-scale operators, independent producers, and residential users. With the solar market growing rapidly, DeepSolar solutions target inefficiencies in asset management, providing significant market opportunities for PainReform. Ehud Geller, Chairman and interim CEO of PainReform, confirms this acquisition aligns with PainReform's strategy to invest in high-margin technology sectors, while continuing to advance their pharmaceutical innovations. As part of the acquisition, PainReform will issue shares and warrants to BladeRanger Ltd., subjecting BladeRanger to shareholding limitations. Additionally, key DeepSolar management will join PainReform, which views this investment as a means to capitalize on the global transition to clean energy and expand revenue channels.