The post PyroGenesis Announces Q2 2019 Results: Current Backlog $10.5MM; Revenues of $914K; Gross Margin of 20% appeared first on PyroGenesis Canada Inc.. via PyroGenesis Canada Inc. https://ift.tt/2ZnziJb
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MISSISSAUGA, Ontario, Aug. 29, 2019 (GLOBE NEWSWIRE) -- Hydrogenics Corporation (NASDAQ: HYGS; TSX: HYG) (the “Company” or “Hydrogenics”) is pleased to announce that at the special meeting of its shareholders held today (the “Meeting”), shareholders voted in favour of a special resolution (the “Transaction Resolution”) approving the previously announced plan of arrangement pursuant to which Atlantis AcquisitionCo Canada Corporation (the “Purchaser”), a subsidiary of Cummins Inc. will, among other things, acquire all of the outstanding common shares of the Company (the “Shares”), other than the Shares owned by The Hydrogen Company, a wholly owned subsidiary of L’Air Liquide S.A., for US$15.00 in cash per Share (the “Transaction”). The Hydrogen Company has agreed to contribute its Shares for common shares of the Purchaser, on a one for one basis, pursuant to the Transaction in lieu of receiving the cash consideration from the Purchaser for its Shares. via Hydrogenics Corporation https://ift.tt/2zrNp0G Vancouver, Canada, August 22, 2019 – Legend Power® Systems Inc. (TSXV: LPS), a global leader in onsite energy management technology, today reported its third quarter of fiscal 2019 financial results for the quarter ended June 30, 2019. A conference call to discuss the results is set for 4:30pm EST today (dial in details are below). A complete set of Financial Statements and Management’s Discussion & Analysis has been filed at www.sedar.com. All dollar figures are quoted in Canadian dollars. Q3 F2019 Highlights
Financial summary for the three and nine months ended June 30, 2019
1. Certain components of previous year columns have been reclassified to conform with the presentation of fiscal 2019 periods. Management Commentary Revenue Gross Margin Cash and Working Capital Sales
New York We have more deals progressing through our sales funnel and they are notably larger than previous business. The cycle times to decision are longer due to more rigor in the NY customer buying process. Additionally, the time to installation and revenue recognition has much more variability – ranging from as little as 60 days to as much as 12 months in some cases. This is due to limited shutdown windows which extend our time to complete an installation and ultimately realize the related revenue. U.S. Expansion Technology Outlook Investor Conference Call DATE: Thursday, August 22, 2019 About Legend Power® Systems Inc. For further information, please contact: Sean Peasgood, Investor Relations 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 The post Legend Power® Reports Third Quarter of Fiscal 2019 Financial Results appeared first on Legend Power Systems Inc.. via Legend Power Systems Inc. https://ift.tt/2ZvNfnT Vancouver, Canada, August 20, 2019 – Legend Power Systems Inc. (TSX.V: LPS) (“Legend Power” or the “Company”), a global leader in onsite energy management technology, today announced it will release its Q3 2019 financial results for the nine months ended June 30, 2019, on Thursday, August 22, 2019 at 1:00PM PT (4:00PM ET). The Company has also scheduled a conference call to provide a business update and discuss its Q3 2019 financial results for Thursday, August 22, 2019 at 1:30PM PT (4:30PM ET). The call will be hosted by Randy Buchamer, President & Chief Executive Officer and Steve Vanry, Chief Financial Officer. CONFERENCE CALL DETAILS: DATE: Thursday, August 22, 2019 About Legend Power® Systems Inc. For further information, please contact: Steve Vanry, CFO Sean Peasgood, Investor Relations 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. The post Legend Power® Schedules Q3 2019 Financial Results Release and Conference Call appeared first on Legend Power Systems Inc.. via Legend Power Systems Inc. https://ift.tt/2Hg3GtY
Outlook Improving; Acquisition by Cummins announced
Outlook Improving; Acquisition by Cummins announced via Hydrogenics Corporation https://ift.tt/2YFoSEk |
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