GUELPH, Ontario, July 27, 2017 /PRNewswire/ -- Canadian Solar Inc. ("the Company", "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that it will hold a conference call on Monday, August 14, 2017 at 8:00 a.m. U.S. Eastern Daylight Time (8:00 p.m., August 14, 2017 in Hong Kong) to discuss the Company's second quarter 2017 results and business outlook. The dial-in phone number for the live audio call is +1 866 519 4004 (toll-free from the U.S.), +852 3018 6771 (local dial-in from HK) or +1 845 675 0437 from international locations. The passcode for the call is 59745217. A live webcast of the conference call will also be available on the inv...
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Vancouver, Canada, July 25, 2017 – Legend Power Systems Inc. (TSXV: LPS), a global leader in voltage reduction and optimization technology, today announced it received gross proceeds of C$1,290,860 from the early exercise of warrants prior to their scheduled expiry. Several insiders along with a core group of shareholders exercised a total of 3,227,150 warrants to acquire 3,227,150 common shares at a price of C$0.40 per warrant. This represents 37% of the warrants set to expire on December 30, 2017. “We’d like to thank our loyal shareholders for exercising a significant percentage of the Company’s outstanding warrants well in advance of the expiration date,” said Legend president and CEO Randy Buchamer. “Although we believe we were well financed to execute our business strategy, the capital raised from this warrant exercise further strengthens our working capital position and will allow us to accelerate our planned geographic expansion strategy. Our business has experienced rapid organic growth in the education market in Ontario so we feel now is the time to pursue similar expansion of other market verticals in both Ontario and the United States.” The proceeds raised will be used for geographic expansion into new territories and general working capital purposes. 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/2uT1xj1 GUELPH, Ontario, July 18, 2017 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that it started commercial operation of 52.5 MWp of solar photovoltaic (PV) power plants in Japan in the first half of 2017. The 52.5 MWp of plants include the 47.7 MWp Mashiki plant, the 2.4 MWp Yamagata Asahimachi plant, the 1.3 MWp Shizuoka Tashiro plant and the 1.1 MWp Saitama Shiroishi plant.
The Mashiki plant achieved commercial operation in June 2017. Powered by Canadian Solar's high-efficiency MaxPower modules, the plant is expected to generate approximately 57,000 MWh of clean, solar electricity per year, which will be purchased by Kyushu Electric Power Co., Inc. under a 20-year feed-in-tariff contract at the rate of JPY36.0 ($0.32) per kWh. The Yamagata Asahimachi, Shizuoka Tashiro and Saitama Shiroishi plants were connected to the grid in March 2017. Powered by Canadian Solar's high-efficiency MaxPower modules, these plants are expected to generate around 5,429 MWh of clean, solar electricity per year, which will be purchased under a 20-year feed-in-tariff contract at the rate of JPY32.0 ($0.28), JPY36.0 ($0.32) and JPY27.0 ($0.24) per kWh respectively. "We are pleased to have energized the 52.5 MWp of solar power plants in Japan. The 47.7 MWp Mashiki plant is the largest solar power plant that we have built there, which brings our total portfolio of projects in operation in Japan to 112.7 MWp," commented Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar Inc., "This is a milestone as we continue to make progress in developing and delivering our high-value solar project pipeline in this important market." 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 a provider of solar energy solutions, Canadian Solar 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 21 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 publically listed on NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com. Legend Power Announces Repeat Purchase Orders from Two Ontario Schoolboards for 12 Harmonizers7/18/2017 Vancouver, Canada, July 18, 2017 – Legend Power Systems Inc. (TSXV: LPS), a global leader in voltage reduction and optimization technology, today announced two Ontario schoolboards purchased a combined total of 12 Harmonizer units. Both schoolboards have previously purchased Harmonizers from Legend. “We are pleased that these two customers see excellent value from our Harmonizer to warrant deploying more systems in additional schools,” said Randy Buchamer, Legend Power’s President and CEO. “Out of the 13 vertical markets Legend Power targets, we’ve sold the most Harmonizers in Education. We are working diligently to ensure all Ontario schoolboards understand the cost-saving value a Harmonizer has to offer.” The schools to be outfitted with these Harmonizers range in size from approximately 80,000 to 100,000 square feet, with each having roughly 1.5 million kilowatt hours of power consumption annually. A mid-sized Harmonizer fits this facility size. The Harmonizer is an industry proven technology for reducing energy consumption to help building owners and operators spend less money on power. The technology modulates voltage to a more optimum level to match the needs of the electrical equipment in a building. Reducing overvoltage to an optimum level decreases overall power use, reduces the strain on electrical equipment making it last longer with less maintenance, and reduces a building’s environmental impact. The progressive and environmentally conscience schoolboards that outfit their facilities with Harmonizers enjoy the benefits of spending less on power and electrical equipment maintenance, allowing more funds to be allocated to education. These recent purchases are indicative of increased market awareness of Legend’s technology and its proven value. Legend is pleased to be one of several efficiency measures approved for Ontario Ministry of Education funding. The orders above were placed outside of the recently announced consolidated procurement program. 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/2ve0JCw Vancouver, Canada, July 11, 2017 – Legend Power Systems Inc. (TSXV: LPS), a global leader in voltage reduction and optimization technology, today announced a streamlined method for the education sector in Ontario to purchase the company’s proprietary Voltage Harmonizer. Legend has partnered with the Ontario Education Collaborative Marketplace (OECM) to eliminate many of the long, complicated, and often costly tender steps that impact equipment purchasing. Under this agreement, Schoolboards can access the Harmonizer directly from Legend or through one of five different authorized installation partners. This, in conjunction with the recently announced $1 billion of additional budget from the Ontario Ministry of Education for facilities improvement and Greenhouse Gas reduction, accelerates the potential for Harmonizer sales in the education market sector. “We are excited to partner with OECM to help more schools access our cost-saving technology,” said Randy Buchamer, President and CEO of Legend Power. “Access to capital and purchasing complexity can often times be natural challenges impeding government institutions. The recent announcement of $1 billion of additional school funding that can be applied to Harmonizers helps reduce budgetary constraints. A streamlined purchasing process makes buying a Harmonizer easier. We are aggressively working with schoolboards in Ontario to ensure they know the undisputed value a Harmonizer has to offer, and that there are both capital and purchasing options available to them.” Launched in 2006, OECM is a trusted not-for-profit collaborative sourcing partner for Ontario’s education sector, broader public sector, and other not-for-profit organizations. Through a competitive tendering process, OECM contracts with innovative, reputable suppliers to offer a comprehensive choice of quality products and services to their customers. By partnering with trusted suppliers, OECM is capable of offering customers a simplified alternative purchasing option to the traditionally slow and costly tender process. “Our mandate is to find quality products that offer legitimate value and then help our customers access these products in a quick and cost-effective way,” commented Karen Owen, Vice President Supply Management and Customer Relations of OECM. “We feel the Harmonizer is a good fit for our program and are happy to offer it to our customers.” The OECM agreement allows customers the ability to purchase Harmonizers on their own schedule and in volumes as they see fit. Legend looks forward to developing the education market with the assistance of OECM and, if mutually successful, other market verticals in the future. 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/2tDp4D2 Thermal Energy International Inc. (“Thermal Energy” or the “Company”) (TSX-V: TMG), a global provider of proprietary energy efficiency solutions to the industrial, commercial and institutional sectors, has received a $1.82 million order from a leading Fortune 500 food and beverage company for one of the Company’s proprietary FLU-ACE® heat recovery systems. The heat recovery system is expected to provide the customer with utility savings of $360 thousand per year, primarily in the form of natural gas savings. The FLU-ACE system will reduce the customer’s annual water usage by approximately 7.6 million litres and its carbon emissions by 2,300 tonnes. The project is expected to be completed and revenue earned over the next six to nine months. All figures are in Canadian dollars. "Including this latest order, we have now sold our heat recovery systems to six of this customer’s sites, as well as having partially or fully converted 28 of their sites over to our GEM™ venturi orifice steam traps. This customer signed a global pricing agreement with us back in June of 2015 and we continue to work with them to identify potential projects at other sites. The ongoing business we continue to receive from this global leader is a huge testament to our commitment to partnering with our customers to help them realize significant gains in energy productivity and reductions in greenhouse gas emissions. With this latest order and our products installed to date, doing business with Thermal Energy International is expected to provide this customer with estimated annual energy savings of $2.4 million, estimated annual water savings of 106.5 million litres valued at over $359 thousand, and estimated annual carbon emission reduction savings of 19 thousand tonnes.” - William Crossland, CEO of Thermal Energy. Natural gas savings are derived from preheating boiler makeup water and process flows upstream of existing regeneration and steam heat exchangers thereby lowering steam demand and boiler fuel consumption. Water savings are based on the fact that the FLU-ACE system continually condenses water vapour formed in the products of combustion of the natural gas and carried in the boiler exhaust. The customer has proposed to use this condensate in their cooling towers to offset makeup water consumption and its associated costs. 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. |
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