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GUELPH, Ontario, Jan. 30, 2018 /PRNewswire/ -- Recurrent Energy, a wholly owned subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ), today announced that Southern Power, the wholesale subsidiary of Southern Company, has acquired the 20 MWac/28 MWp Gaskell West 1 Solar Facility, located in southern California in Kern County. "We are pleased to partner with an energy industry leader like Southern Power on this transaction," said Dr. Shawn Qu, chairman and chief executive officer of Canadian Solar. "Recurrent Energy's growing portfolio of U.S. solar assets continues to create value for our customers and shareholders." The Gaskell West 1 Solar Facility is expected to reach...
via Canadian Solar Inc. Press Releases http://ift.tt/2rPOMVU OTTAWA, ONTARIO – January 29, 2018 – Thermal Energy International Inc. (“Thermal Energy” or the “Company”) (TSXV: TMG), a global provider of industrial and institutional energy efficiency solutions, would like to provide a corporate update to shareholders from its CEO, William Crossland.
Letter to Shareholders The first half of fiscal 2018 was strong for Thermal Energy International and it looks like this is shaping up to be a banner year for our company. Revenue for the first half of the year was up 31% to $6.8 million, and demand for our proprietary energy efficiency solutions is at an all-time high --- as evidenced by the receipt of the largest order in our history subsequent to the end of the first half and our current order backlog being at an all-time high. Our strong revenue growth and record-high order backlog are a testament to our growth strategy and the ability of our team to execute it. GUELPH, Ontario, Jan. 29, 2018 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced it has entered into an agreement with Photon Energy NV ("Photon Energy") to co-develop five utility-scale solar power projects, with a total capacity of 1.14 GWp in New South Wales, Australia.
Canadian Solar will acquire a 51% shareholding in each of Photon Energy's five project companies in Australia that carry a total of 1.14 GWp of projects. The portfolio of projects includes the 316 MWp project in Gunning which is fully owned by Photon Energy, as well as four projects co-developed by Photon Energy with Polpo Investment, namely the 178 MWp project in Mumbil, the 165 MWp project in Gunnedah, the 286 MWp project in Suntop and the 196 MWp project in Maryvale. "This transaction represents an exciting moment for the Photon Energy Group with our long-term commitment to the Australian market bearing fruit. This cooperation marks a tangible achievement of the entire team in Australia who have gained the trust of a leading global player in the solar industry such as Canadian Solar," commented Georg Hotar, CEO of Photon Energy NV. "Canadian Solar is delighted to partner with Photon Energy and bring 1.14 GWp into the Australian market," commented Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar, "As a very active developer for solar power plants in Australia, we will continue to strengthen our leading position in the market by partnering with Photon Energy." ABOUT PHOTON ENERGY Photon Energy N.V. is a global solar power solutions and services company covering the entire lifecycle of solar power systems. Since its foundation in 2008 Photon Energy has built and commissioned solar power plants across two continents and supplied the technology to many more major commercial projects. Photon Energy's Operate and Maintain division service over 210 MWp worldwide. Photon Energy is headquartered in Amsterdamand has major offices in Europe and Australia. For more information please visit www.photonenergy.com. About Canadian Solar Inc. Founded in 2001 in Canada, Canadian Solar is one of the world's largest and foremost solar power companies. As a leading manufacturer of solar photovoltaic modules and provider of solar energy solutions, Canadian Solar also has a geographically diversified pipeline of utility-scale power projects in various stages of development. In the past 16 years, Canadian Solar has successfully delivered over 25 GW of premium quality modules to over 100 countries around the world. Furthermore, Canadian Solar is one of the most bankable companies in the solar industry, having been publicly listed on NASDAQ since 2006. For additional information about the company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com. Canadian Solar Safe Harbor/Forward-Looking Statements Certain statements in this press release regarding the Company's expected future shipment volumes, gross margins, and its ability to receive the required government approvals for the sale of six solar power projects in California, are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets such as Japan, the U.S., India and China; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20-F filed on April 27, 2017. Although the Company believes that the expectations reflected in the forward looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.
OTTAWA, ONTARIO – January 29, 2018 – Thermal Energy International Inc. (“Thermal Energy” or the “Company”) (TSXV: TMG), a global provider of industrial and institutional energy efficiency solutions, today announced its financial results for the three-month (the “quarter”) and six-month (the “first half” or “year-to-date”) periods ended November 30, 2017. All figures are in Canadian dollars.
HIGHLIGHTS:
Second Quarter Financial Review:
Driven by stronger heat recovery sales, Thermal Energy’s revenue increased 21.1% to $3.7 million for the quarter compared to $3.1 million for the second quarter of last year. Heat recovery revenue was up 108.0% and included the substantial completion of an installation at a major hospital, progress of a project at a sixth site of a leading Fortune 500 food and beverage customer (as announced July 6, 2017), and the partial installation of a system at a leading producer of industrial and fuel alcohols (as announced September 28, 2016). Revenue from GEM condensate return systems was down 26.0%, despite further orders from a leading performance materials company. The decrease was mainly the result of lower public sector sales. Gross profit for the quarter was just under $1.9 million, or 49.7% of revenue, compared to slightly more than $1.9 million, or 62.7% of revenue, in the second quarter of last year. Gross margin was affected by the product split, with the second quarter of this year having a much higher proportion of revenues deriving from the sale of heat recovery systems. Operating expenses for the quarter were $1,777 thousand compared with $1,687 thousand for the same quarter last year. Operating expenses as a percentage of revenue decreased to 47.7% from 54.8% a year ago, despite additional costs associated with new technical and sales staff needed to grow the business. The Company had EBITDAS and net income of $109 thousand and $71 thousand respectively for the quarter. This compares to EBITDAS and net income of $285 thousand and $175 thousand respectively in the second quarter of last year. Business Update and Order Backlog Summary: Subsequent to quarter end, on December 5, 2017 the Company announced an $11 million energy efficiency project with Resolute FP Canada Inc. The project, which included the installation of two FLU-ACE® Heat Recovery Systems and the conversion of the mill’s steam traps to Thermal Energy’s proprietary GEM Steam Trap system, represents the Company’s largest heat recovery and largest GEM orders to date. The project is expected to be substantially completed and revenue earned over the next 17 months. As part of the Company’s evolving corporate account development strategy the Company recently received four GEM orders totaling $601 thousand from two multinational consumer products companies. More specifically:
Also subsequent to year end, the Company received a $120 thousand heat recovery equipment order from a producer and supplier of fresh and value-added food products. Including the above mentioned recent orders, the Company had an order backlog of approximately $1 million as at January 2018, compared to $7.1 million when it reported second quarter results a year earlier. The Company includes in “order backlog” the value of projects in respect of which purchase orders have been received but have not yet been reflected as revenue in the Company’s published quarterly financial statements. About Thermal Energy International Inc. Thermal Energy International Inc. is an established global supplier of proprietary, proven energy efficiency and emissions reduction solutions to the industrial and institutional sectors. We save our customers money and improve their bottom line by reducing their fuel use and cutting their carbon emissions. Our customers include a large number of Fortune 500 and other leading multinational companies across a wide range of industry sectors. Thermal Energy is also a fully accredited professional engineering firm and by providing a unique mix of proprietary products together with process, energy and, environmental engineering expertise, Thermal Energy is able to deliver unique turnkey projects with significant financial and environmental benefits for our customers. Thermal Energy's proprietary products include; GEMTM - Steam traps, FLU-ACE® - Direct contact condensing heat recovery, and Dry-Rex® - Low temperature biomass drying systems. Thermal Energy International Inc. has offices in Ottawa, Canada as well as Bristol, U.K., United States, Germany, Italy and China. The Company’s common shares are traded on the TSX Venture Exchange (TSX-V) under the symbol TMG. For more information, visit the Company's website at www.thermalenergy.com and follow @GoThermalEnergy on Twitter at http://twitter.com/GoThermalEnergy.
This press release contains forward-looking statements relating to, and amongst other things, based on management’s expectations, estimates and projections, the anticipated effectiveness of the Company’s products and services and the timing of revenues to be received by the Company. Statements relating to the expected installation and revenue recognition for projects, statements about the anticipated effectiveness and lifespan of the Company’s products and statements about the expected environmental effects and cost savings associated with the Company’s products are forward looking statements. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, some of which are outside of the Company’s control, could cause events and results to differ materially from those stated. Fulfilment of orders, installation of product and activation of product could all be delayed for a number of reasons, some of which are outside of the Company’s control, which would result in anticipated revenues from such projects being delayed or in the most serious cases eliminated. Actions taken by the Company’s customers and factors inherent in the customer’s facilities but not anticipated by the Company can have a negative impact on the expected effectiveness and lifespan of the Company’s products and on the expected environmental effects and cost savings expected from the Company’s products. Additional heat recovery and GEMTM steam trap projects being developed by the Company may not result in orders for the Company’s products. The Company disclaims any obligation to publicly update or revise any such statements except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. GUELPH, Ontario, Jan. 25, 2018 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that the special committee (the "Special Committee") of its board of directors (the "Board"), formed to consider the previously announced preliminary, non-binding proposal, dated December 9, 2017, that the Board received from the Company's Chairman, President and Chief Executive Officer, Dr. Shawn (Xiaohua) Qu ("Dr. Qu"), to acquire all of the outstanding common shares of the Company not already beneficially owned by Dr. Qu and his wife, Ms. Hanbing Zhang, in a "going private" transaction for cash consideration of US$18.47 per common share (the "Proposal"), has retained Barclays Capital Canada Inc. as its independent financial advisor, Weil, Gotshal & Manges LLP as its U.S. legal counsel and Osler, Hoskin & Harcourt LLP as its Canadian legal counsel to assist it in this process.
The Special Committee is composed of the following independent and disinterested directors: Robert McDermott (Chair), Lars-Eric Johansson, Harry Ruda and Andrew Wong. The Board cautions the Company's shareholders and others considering trading in the Company's securities that the Special Committee is continuing its evaluation of the Proposal and that no decision has been made with respect to the Company's response to the Proposal. The Board also cautions that there can be no assurance that any definitive offer will be made, that any definitive agreement will be executed or that the Proposal or any other transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to this or any other transaction except as required by applicable law. About Canadian Solar Inc. Founded in 2001 in Canada, Canadian Solar is one of the world's largest and foremost solar power companies. As a leading manufacturer of solar photovoltaic modules and provider of solar energy solutions, Canadian Solar also has a geographically diversified pipeline of utility-scale power projects in various stages of development. In the past 16 years, Canadian Solar has successfully delivered over 25 GW of premium quality modules to over 100 countries around the world. Furthermore, Canadian Solar is one of the most bankable companies in the solar industry, having been publicly listed on NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com. Legend Power Reports Record Annual Revenue in FY2017 Strong Balance Sheet to Support FY2018 Growth1/24/2018 Vancouver, Canada, January 24, 2018 – Legend Power Systems Inc. (TSXV: LPS), a global leader in voltage reduction and optimization technology, today reported its fiscal 2017 financial results for the year ended September 30, 2017. All dollar figures are quoted in Canadian dollars. Summary highlights for fiscal year ended September 30, 2017
Fiscal 2017 was a successful year on all fronts for Legend Power as reflected in the Company’s share price performance. During fiscal year 2017 the price of Legend Power shares increased 96% and on a 2017 calendar basis the stock increased in price by 114%. We believe our share price performance mirrored timely execution of our stated objectives, the Company’s transition from an early stage to a growth stage entity, and healthy order flow signalling the strong value proposition inherent in our technology. A share price chart is available at the following link: https://web.tmxmoney.com/quote.php?locale=en&qm_symbol=lps During fiscal 2017 the Company’s sales doubled to $4.22 million, continuing the growth trend established over recent years. We continue to be focused on and have made significant progress in several key areas of our future growth strategy, including (up to the date of this press release): USA Expansion
Growing New Verticals in Ontario
New Product Development
Field Operations
Working Capital
New Branding
Financial summary for the three and twelve-month periods ended September 30, 2017 and 2016
1 Gross margin is based on a blend of both equipment and installation revenue. 2 Adjusted EBITDA; for the three-months and fiscal years ended September 30, 2017 and 2016, we are disclosing Adjusted EBITDA, which is a non-IFRS financial measure, as a supplementary indicator of operating performance. We define Adjusted EBITDA as net income or loss before; interest, income taxes, amortization, non-cash stock based compensation and foreign exchange gains and losses, as well as unusual non-operating items such as insurance settlement. Warranty expense is no longer included in the Adjusted EBITDA calculation, as such historical amounts have been updated. * Gross margin was lower than anticipated due to several year-end adjustments which boosted cost of goods sold and there was also a bias towards installation revenue during the quarter which historically has yielded lower margins. Management will be discussing margins in more detail during the conference call referenced below. Complete financial statements and management’s discussion and analysis for the twelve months ended September 30, 2017 are available at the Company’s website and with the Company’s filings on SEDAR (www.sedar.com). The Company will host a conference call to provide a business update and discuss its 2017 financial results for Wednesday, January 24, 2018 at 1:15 pm Pacific time (4:15 pm ET). The call will be hosted by Randy Buchamer, President & Chief Executive Officer and Steve Vanry, Chief Financial Officer. CONFERENCE CALL DETAILS:
About Legend Power Systems Inc. Legend Power Systems Inc. (www.legendpower.com) is changing the way buildings around the world use power. The company’s patented and proprietary technology reduces overvoltage, a natural condition present in power grids around the world. Overvoltage inflates energy costs, damages electrical equipment, and increases the negative impact a building has on the environment. Legend’s utility-proven Harmonizer improves the power efficiency of an entire building to reduce total energy consumption and power costs, while maximizing equipment life. The solution provides customers risk free energy savings, improves the value of their physical assets, and enhances their sustainability efforts. As an application with demand side benefits, Legend is also a key contributor toward utility conservation goals. In 2015 Legend was recognized as the top performing cleantech company on the TSX Venture Exchange.
For further information, please contact: Randy Buchamer, CEO and President + 1 778 945 1501
Sean Peasgood, Investor Relations + 1 416 565 2805 Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This Press Release may contain statements which constitute “forward-looking information”, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities regulatory authorities, including the Company’s quarterly and annual Management’s Discussion & Analysis, which may be viewed on SEDAR at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements other than as may be required by applicable law. via Legend Power Systems Inc. http://ift.tt/2rynljn Vancouver, Canada, January 23, 2018 – Legend Power Systems Inc. (TSXV: LPS), a global leader in voltage reduction and optimization technology, today announced that Con Edison, New York City’s Power Utility, significantly increased its financial incentives for energy saving technologies, including Legend’s proprietary Harmonizer system. Customers who apply for incentives will be eligible for additional cash contributions. “Utility incentives help building owners access energy-saving technology by covering a portion of the cost,” said John Skipper, former Manager of Commercial Energy Efficiency Sales at Con Edison and now the New Business Consultant to Legend Power via his company Pure Energy LLC. “The amount of incentive offered for different technologies can often indicate what the utility wants to encourage. Increasing incentives by this magnitude is a strong indicator that Con Edison is committed to energy efficiency technologies including the Harmonizer. In my experience as a 32-year veteran of Con Edison, a utility incentive like this can often-times kick-start significant uptake in a company’s product.” “Utility incentives are by no means mandatory for sales success, but having a strong incentive plan in place can be a major catalyst for growth,” stated Randy Buchamer, President and CEO of Legend Power. “Utility incentives encourage building owners to try something new. Our solution is undoubtedly proven in Canada with over 200 installations currently saving building owners money on power by reducing their voltage. In the New York area, our technology is new, which means support from the utility in the form of an increase in incentive funding can be a real accelerant to growth.” Con Edison is one of the largest and most environmentally progressive energy utilities in the United States. The increase in funding relevant to Legend’s offering comes from Con Edison’s Commercial and Industrial Energy Efficiency Program under the Performance-Based Incentives for Other Measures banner. Previously, the incentive program offered eligible energy efficiency upgrades a performance-based Custom incentive of $0.16 per kWh. This typically equates to a cash contribution ranging from $10,000 to $25,000 for a Legend project. Con Edison has added an incentive of $600 per kW saved, significantly increasing the typical funding range for a Legend project to $20,000 to $50,000. With a team of top-talent sales people hired and trained to sell Legend’s solution, influential product distributors coming online, and a strong utility incentive program in place to offer cash subsidies, Legend is positioned for significant revenue growth in the New York City area. About Legend Power Systems Inc. Legend Power Systems Inc. (www.legendpower.com) is changing the way buildings around the world use power. The company’s patented and proprietary technology reduces overvoltage, a natural condition present in power grids around the world. Overvoltage inflates energy costs, damages electrical equipment, and increases the negative impact a building has on the environment. Legend’s utility-proven Harmonizer improves the power efficiency of an entire building to reduce total energy consumption and power costs, while maximizing equipment life. The solution provides customers risk free energy savings, improves the value of their physical assets, and enhances their sustainability efforts. As an application with demand side benefits, Legend is also a key contributor toward utility conservation goals. In 2015 Legend was recognized as the top performing cleantech company on the TSX Venture Exchange. For further information, please contact:
Randy Buchamer, CEO and President + 1 778 945 1501
Sean Peasgood, Investor Relations + 1 416 565 2805 Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This Press Release may contain statements which constitute “forward-looking information”, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities regulatory authorities, including the Company’s quarterly and annual Management’s Discussion & Analysis, which may be viewed on SEDAR at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements other than as may be required by applicable law. via Legend Power Systems Inc. http://ift.tt/2rvsEzX Vancouver, Canada /January 19, 2018 – Legend Power Systems Inc. (TSXV: LPS), a global leader in voltage reduction and optimization technology, today announced the signing of its first distribution partner in New York City. ES Partners has signed on to promote and sell Legend’s proprietary Harmonizer voltage management technology. “Building a network of knowledgeable, influential, and well-connected distribution partners is a key ingredient to Legend’s future success,” stated Randy Buchamer, President and CEO of Legend Power. “We are excited to have ES Partners as our first distributor in the United States. Our ground-breaking technology is proven in Canada with over 200 systems installed and saving people money on power. By working with ES Partners to offer our solution to their client base and beyond, we can help significantly more buildings counteract the negative and damaging effects of overvoltage. Efforts are already underway to provide Mr. Costello and his team the support they need to quickly ramp-up on our solution.” “Overvoltage is a common and costly problem in New York City,” stated Bill Costello, Founder and CEO of ES Partners. “After being introduced to Legend and learning how effective their solution was for this unaddressed problem, we knew there was a significant market opportunity here. We’ve seen Legend’s Harmonizer in action installed locally in New York and we’re confident we can help more building owners and operators benefit from this proven technology.” ES Partners was established in 2006 to provide energy concierge services to clients in commercial and residential real estate, education, healthcare, publishing, and technology industries. As the energy marketplace increased in complexity, ES Partners assumed a leadership position offering both education and guidance to assist their clients make fiscally responsible and environmentally smart energy decisions. Their service offering spans a variety of disciplines including energy procurement, energy portfolio management, asset monetization, tenant energy programs, and technology offerings to improve sustainability and reduce greenhouse gas emissions. Legend Power continues to pursue an aggressive growth strategy in the Northeastern United States. The Company plans to sign additional partners to build a comprehensive distribution network in addition to securing new customer accounts through direct sales. About Legend Power Systems Inc. Legend Power Systems Inc. (www.legendpower.com) is changing the way buildings around the world use power. The company’s patented and proprietary technology reduces overvoltage, a natural condition present in power grids around the world. Overvoltage inflates energy costs, damages electrical equipment, and increases the negative impact a building has on the environment. Legend’s utility-proven Harmonizer improves the power efficiency of an entire building to reduce total energy consumption and power costs, while maximizing equipment life. The solution provides customers risk free energy savings, improves the value of their physical assets, and enhances their sustainability efforts. As an application with demand side benefits, Legend is also a key contributor toward utility conservation goals. In 2015 Legend was recognized as the top performing cleantech company on the TSX Venture Exchange. For further information, please contact: Randy Buchamer, CEO and President + 1 778 945 1501 Sean Peasgood, Investor Relations + 1 416 565 2805 Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This Press Release may contain statements which constitute “forward-looking information”, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities regulatory authorities, including the Company’s quarterly and annual Management’s Discussion & Analysis, which may be viewed on SEDAR at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements other than as may be required by applicable law. via Legend Power Systems Inc. http://ift.tt/2mQsIFa Vancouver, Canada / TheNewswire / January 16, 2018 – Legend Power Systems Inc. (TSXV: LPS), a global leader in voltage reduction and optimization technology, today announced that it will release its fiscal year 2017 financial results, on Wednesday, January 24, 2018 at 6:00 am Pacific time (9:00 am ET). The Company has also scheduled a conference call to provide a business update and discuss its 2017 financial results for Wednesday, January 24, 2018 at 1:15 pm Pacific time (4:15 pm ET). The call will be hosted by Randy Buchamer, President & Chief Executive Officer and Steve Vanry, Chief Financial Officer. CONFERENCE CALL DETAILS:
About Legend Power Systems Inc. Legend Power Systems Inc. (www.legendpower.com) is changing the way buildings around the world use power. The company’s patented and proprietary technology reduces overvoltage, a natural condition present in power grids around the world. Overvoltage inflates energy costs, damages electrical equipment, and increases the negative impact a building has on the environment. Legend’s utility-proven Harmonizer improves the power efficiency of an entre building to reduce total energy consumption and power costs, while maximizing equipment life. The solution provides customers risk free energy savings, improves the value of their physical assets, and enhances their sustainability efforts. As an application with demand side benefits, Legend is also a key contributor toward utility conservation goals. In 2015 Legend was recognized as the top performing cleantech company on the TSX Venture Exchange. For further information please contact: Randy Buchamer, CEO and President + 1 778 945 1501 rbuchamer@legendpower.com
Sean Peasgood, Investor Relations + 1 416 565 2805 sean@sophiccapital.com Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This Press Release may contain statements which constitute “forward-looking information”, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors are described in the periodic flings with the Canadian securities regulatory authorities, including the Company’s quarterly and annual Management’s Discussion & Analysis, which may be viewed on SEDAR at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements other than as may be required by applicable law. via Legend Power Systems Inc. http://ift.tt/2mEcY81 |
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