THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. VANCOUVER, CANADA, April 30, 2018 – Legend Power Systems Inc. (TSXV:LPS) (“Legend Power” or the “Company”), a global leader in voltage reduction and management technology, is pleased to announce that the syndicate of underwriters led by GMP Securities L.P. and including Canaccord Genuity Corp. and Haywood Securities Inc. (collectively, the “Underwriters”) has exercised the over-allotment option granted to the Underwriters in connection with the Company’s previously announced public offering of common shares (the “Offering”) which closed on April 6, 2018. As a result, the Company has issued an additional 656,000 common shares of the Company (“Shares”) at a price of $0.80 per Share (the “Offering Price”), for additional gross proceeds of $524,800 upon closing of the exercise of the over-allotment option. The Company paid a cash commission to the Underwriters equal to 6% of the gross proceeds of the over-allotment portion of the Offering and issued 39,360 warrants to the Underwriters (the “Broker Warrants”) in connection therewith. Each Broker Warrant entitles the holder to purchase one Share at the Offering Price for a period expiring April 30, 2020. The net proceeds of the Offering will be used to fuel growth initiatives including, but not limited to, the following:
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” within the meaning of applicable securities laws, including, without limitation, 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 or the planned use of proceeds from the Offering. 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. https://ift.tt/2I5xtqM
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The post PyroGenesis Announces Resignation of a Director appeared first on PyroGenesis Canada Inc.. via PyroGenesis Canada Inc. https://ift.tt/2Kpztsg MISSISSAUGA, Ontario, April 26, 2018 (GLOBE NEWSWIRE) -- Hydrogenics Corporation (NASDAQ:HYGS) (TSX:HYG) (“Hydrogenics” or “the Company”), a leading developer and manufacturer of hydrogen generation and hydrogen-based power modules, today announced that the Company will host a conference call at 1:00 p.m. Eastern on May 11, 2018 to review the fiscal first quarter ended March 31, 2018, following the Company’s Annual Shareholder Meeting at 10 a.m. that same day. Earnings will be issued before the market opens, and the filing of the company’s results with the appropriate regulatory bodies will follow. via Hydrogenics Corporation https://ift.tt/2JtEAql OTTAWA, ONTARIO – April 23, 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 months (Q3) and nine months (YTD) ended February 28, 2018. All figures in this news release are in Canadian dollars. Today the Company also announced that it has received a $690 thousand heat recovery order from a new Canadian hospital customer. The heat recovery system is expected to provide the hospital with annual energy savings of $200 thousand, while reducing its annual greenhouse gas emissions by approximately 2,000 tonnes. The project is expected to be completed and revenue earned over the next six months. With this latest hospital order, the Company’s order backlog is now $16.3 million, more than double the $8.0 million reported at this time last year. Q3 and YTD Financial Highlights:
“Our strong revenue growth of almost 20% for the year-to-date and our exceptionally high order backlog are a testament to our growth strategy and the ability of our team to execute it. This is tracking to be a banner year for us, and given the strong order backlog, our outlook beyond this fiscal year remains very positive. During the third quarter we received the largest order in our history – an $11 million energy efficiency project with Resolute Forest Products. This did not contribute significantly to our third quarter revenue, but will boost our revenue from now into fiscal 2019, and possibly early fiscal 2020.” “We remain focused on growing our business, and to do so we must continue to grow and invest in our team. In my mid-year letter to shareholders on January 29, 2018, I mentioned our plans for hiring a second salesperson for the German market; a technical sales person in Texas to service the gulf coast petrochemical sector; and, an experienced UK-based marketing manager. I am pleased to say that we have since made each of these additions to our team, and are in the process of looking for additional salespeople in both North America and Europe.” Q3 2018 Financial Review:
Revenue for the quarter was $3.2 million, which was comparable to the revenue in the third quarter of last year. Sales of heat recovery systems increased 3.8% while sales of GEM™ Condensate return systems were down 5.4% for the quarter. The third quarter included heat recovery revenues from two ongoing hospital projects, the continuation of a project at a sixth site of a leading Fortune 500 food and beverage producer (announced July 6, 2017), initial work on the co-generation project with the same customer (announced August 31, 2017), and the early engineering phase of the energy efficiency project with Resolute Forest Products (announced December 5, 2017). GEM revenues in the quarter included further orders from a leading performance materials company, as well as a number of smaller value orders. Gross profit for the quarter was approximately $1.6 million, down 4.5% from approximately $1.7 million in the third quarter of last year. As a percentage of sales, gross profit for the quarter fell to 49.6% from 52.0% in the third quarter a year ago. The decrease in gross profit percentage resulted from current heat recovery projects carrying lower margins than in the previous year. Operating expenses for the quarter were $1,786 thousand compared with $1,720 thousand for the same quarter last year. As a percentage of revenue, operating expenses were 55.3% for the quarter, compared to 53.3% a year ago. The increase was attributable to small increases in costs associated with new sales and technical staff, plus the timing of audit fee invoices. The Company had negative EBITDAS of $156 thousand and a net loss of $159 thousand for the quarter. This compares to negative EBITDAS of $2 thousand and a net loss of $56 thousand in the third quarter of last year. At the end of February 2018, the Company had working capital of $1.2 million compared to $1.4 million at the end of fiscal 2017. The Company’s net cash position (cash and cash equivalents) decreased to $2.1 million from just under $3.0 million as at May 31, 2017. In addition to its net cash balance, the Company also had an estimated $246 thousand of unused borrowing capacity under its bank loans at the end of the third quarter. Full financial results including Management’s Discussion and Analysis and accompanying notes to the financial results, are available on www.SEDAR.com and www.thermalenergy.com. Order and Backlog Summary As at April 23, 2018, the Company had an order backlog of $16.3 million, compared with $8.0 million a year earlier. In addition to the $690 thousand heat recovery order announced today, and several smaller orders received during the quarter and subsequent to quarter end, the Company’s order backlog also includes the following orders:
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. MONTREAL, April 20, 2018 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V:PYR), (the "Corporation" or "PyroGenesis") a Corporation that designs, develops and manufactures plasma waste-to-energy systems and plasma torch systems, is pleased to announce today that it has completed a private placement. The Corporation issued and sold an aggregate amount of 3,108,333 units of the Corporation (the "Units") at a price of $0.60 per Unit, for gross proceeds of $1,864,999.80 to the Corporation (the "Private Placement").
Each Unit consists of one common share of the Corporation (a "Common Share") and one Common Share purchase warrant (each whole Common Share purchase warrant, a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share at a price of $0.85 until April 19th, 2020. Each Unit will be subject to a statutory hold period of four months and one day from the date of closing. In connection with the Private Placement, the Corporation will pay finder fees in the amount of $88,800 and issue 74,000 finder’s compensation warrants to the agents. The proceeds from the Private Placement will be used by the Corporation for general corporate purposes. The Private Placement is subject to the final approval of the TSX Venture Exchange (“TSXV”) as well as other customary closing conditions. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities of 1933, as amended, or any state securities laws and may not be offered or sold within the United States, unless an exemption from such registration is available. About PyroGenesis Canada Inc. PyroGenesis Canada Inc. is the world leader in the design, development, manufacture and commercialization of advanced plasma processes. We provide engineering and manufacturing expertise, cutting-edge contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, advanced materials (including 3D printing), oil & gas, and environmental industries. With a team of experienced engineers, scientists and technicians working out of our Montreal office and our 3,800 m2 manufacturing facility, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. Our core competencies allow PyroGenesis to lead the way in providing innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and engineering services to the global marketplace. Our operations are ISO 9001:2008 certified, and have been since 1997. PyroGenesis is a publicly-traded Canadian Corporation on the TSX Venture Exchange (Ticker Symbol: PYR) and on the OTCQB Marketplace. For more information, please visit www.pyrogenesis.com Source: PyroGenesis Canada Inc. The post PyroGenesis Announces Significant Commercial Milestones with the Gen2 PUREVAP™ System for HPQ Silicon Resources Inc appeared first on PyroGenesis Canada Inc.. via PyroGenesis Canada Inc. https://ift.tt/2Hcm7O1 Canadian Solar completed sale of 80.6 MWp solar energy project in Brazil to Global Power Generation4/16/2018
GUELPH, Ontario and MADRID, April 16, 2018 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, announced today the sale of its interest in the Guimarania solar energy project in Brazil to Global Power Generation, subsidiary of Spanish energy group Gas Natural Fenosa. The 80.6 MWp project, expandable to 83 MWp, is under construction and expected to reach commercial operation in the fourth quarter of 2018. Canadian Solar will supply its high-efficiency "MaxPower" modules for the Project. The Project, located in the state of Minas Gerais in Brazil, was awarded a 20-year Power Purchase Agreement in the thir...
via Canadian Solar Inc. Press Releases https://ift.tt/2vhde4v
GUELPH, Ontario, April 12, 2018 /PRNewswire/ -- Canadian Solar Inc., (the "Company", or "Canadian Solar") (NASDAQ:CSIQ), one of the world's largest solar power companies, and EDF Renewables, a global market leader in renewable energy, today announced that their jointly-owned 191.5 MWp Pirapora I solar power project was named by Infrastructure Journal Global (IJGlobal) as the Latin America Multisourced Deal of the Year at the IJGlobal Awards on March 15. The project is located in the Minas Gerais State of Brazil with 80% ownership by EDF Renewables and 20% by Canadian Solar. The IJGlobal Awards are selected annually by an expert panel of judges and are a celebration of the best in class d...
via Canadian Solar Inc. Press Releases https://ift.tt/2qr7ikj Vancouver, Canada, April 12, 2018 – Legend Power Systems Inc. (TSXV: LPS), a global leader in voltage reduction and management technology, is pleased to announce that Mr. Cosimo (Cos) La Porta has been appointed to the Company’s Board of Directors. Mr. La Porta is a veteran of the Starbucks Coffee Company, having served 18-years in a number of senior executive operations roles. In his most recent role, Mr. La Porta was the Executive Vice President, US Retail Business where he provided leadership to a cross-functional team responsible for 150,000 employees, and the operations of 7,600 company operated retail stores with sales exceeding $9 billion. “We are delighted to add a global executive of Cos’s calibre to our Board and look forward to his contributions,” said Randy Buchamer, CEO, Legend Power Systems. “Throughout his career and especially at Starbucks, Cos built a track record of success growing the business in new and emerging markets. He can mentor teams to increase sales while delivering an outstanding customer experience. He brings to our company an impressive network of real estate developers and property owners throughout the US. More than just an expert in business operations, an exceptional leader, and developer of top talent, Cos has the mindset of a pioneer capable of guiding Legend on a path of rapid growth in new territories and regions. He will be an invaluable asset to Legend Power’s US expansion plan”. Mr. La Porta has extensive experience directing multi-unit retail networks with company-owned, franchise, and licensed operations in the United States, Canada, and international markets. He is known for driving business results through people development, with a strong emphasis on alignment with corporate values. Mr. La Porta holds a Bachelor of Arts Degree in Political Science (Major), History and Business Administration (Minor) from Simon Fraser University. Pursuant to its Stock Option Plan the Company has granted Mr. La Porta 300,000 incentive stock options exercisable at a price of $0.80 per share. The options vest over a 3-year period and have a term of five years. 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. https://ift.tt/2v8B7uH
GUELPH, Ontario, April 11, 2018 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, dedicated its US regional headquarters by unveiling its company logo sign on the exterior of the office building at 3000 Oak Road, Walnut Creek, CA 94597. The US regional headquarters office brings together three different Canadian Solar businesses into one location: the Module and System Solutions business, the Energy business, and the company's US solar project development subsidiary, Recurrent Energy. Conveniently located one block from the Pleasant Hill BART station, the new Walnut Creek office provides easy access...
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