Vancouver, Canada, October 31, 2018 – Legend Power® Systems Inc. (TSX-V: LPS), a global leader in voltage management technology, today announced strategic partnerships with New York based Lido Energy Partners, LLC (Lido), an energy-sector focused business development consultancy, and Skaled Consulting, LLC (Skaled), a sales consulting and strategy firm. Both organizations have successful track records facilitating U.S. expansion. Lido and Skaled will concentrate on systematically increasing volume at the top of Legend’s sales funnel, improving sales conversion ratios in all stages of the sales cycle and increasing velocity across the complete customer sales process. “We are thrilled to be working with Legend Power Systems to establish their national footprint. The HarmonizerTM provides an innovative approach to reducing a building’s energy load. The U.S. energy efficiency sector is a mature market and it is exciting to be able to introduce such a fresh and differentiated solution. Legend has already established itself as a formidable force in Canada, and now American buildings are able to benefit from it too,” said Sarah Driansky, Managing Partner at Lido Energy Partners. “It’s always exciting to work with innovative organizations, such as Legend Power, who are uniquely positioned for rapid growth in both the commercial and public sectors,” said Jake Dunlap, CEO of Skaled. “Based on what we’ve learned about Legend, we feel that our professional and focused content and training will be invaluable to their sales efforts.” “Today’s announcement of newly established relationships with Lido and Skaled represents another important step in building on our U.S. growth foundation,” said Randy Buchamer, CEO of Legend Power® Systems. “We believe these new partnerships will help us accelerate delivery on our multi-vertical, multi-regional market penetration objectives for the U.S. by putting to use knowledge and capabilities of best-in-class solution providers. Lido and Skaled are the perfect partners to help us fully realize our significant growth potential in a timely and efficient way.” About Lido Energy Partners About Skaled 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® Systems Announces Strategic U.S. Growth Partners appeared first on Legend Power Systems Inc.. via Legend Power Systems Inc. https://ift.tt/2RtNwQt
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OTTAWA, ONTARIO / October 30, 2018 - Thermal Energy International Inc. ("Thermal Energy" or the "Company") (TSXV: TMG), a global provider of proprietary energy and water efficiency, emission reduction and sustainability solutions to the industrial, commercial and institutional sectors, today announced its financial results for the three-month period ended August 31, 2018. All figures are in Canadian dollars.
Highlights:
"Following our record revenue for all of fiscal year 2018, we achieved record revenue again for the first quarter of fiscal 2019" said William Crossland, CEO of Thermal Energy. "The ongoing strategic investments we are making in expanding our team, capabilities and product offerings is clearly beginning to pay off. The acquisition of Boilerroom Equipment Inc. in June not only expanded our offering of complementary products but also gave us direct access to significant new sales channels and provides us with a strong United States base of operations. Last week we announced two orders that moved us beyond our traditional thermal energy efficiency market into the broader water efficiency and sustainability markets. As businesses across the globe search for ways they can reduce operating costs and improve sustainability, they will increasingly be looking to suppliers that have a broad range of sustainability capabilities to identify, recommend, and implement the most advantageous solutions." "With a strong order book and our expanded team, product offering and market reach, we are well positioned to continue our momentum in fiscal 2019 and beyond." Q1 2018 Financial Review: Revenues were $6,800,861 in the quarter ended August 31, 2018, representing an increase of $3,703,277, or 119.6%, over the $3,097,584 recognized in the quarter ended August 31, 2017. The increase in revenues from in the current quarter was mainly due to the partial delivery of the $11 million energy efficiency project with the Pulp & Paper Customer announced December 5, 2017, which was approximately 74% complete as at August 31, 2018, plus the addition of the Boilerroom Equipment business effective June 29, 2018. The gross profit of $2,209,885 in the quarter ended August 31, 2018 represented an increase of $692,088, or 45.6%, from the $1,517,797 achieved in the quarter ended August 31, 2017. The increase was mainly the result of increased revenues. Gross profit expressed as a percentage of sales was 32.5% in the first quarter of FY 2019 compared with 49.0% in the first quarter of FY 2018. The decrease in gross profit percentage was due to the product split between heat recovery and steam traps. Administration, selling, marketing and business development expenses ("Operating Expenses") in the quarter ended August 31, 2018 totaled $2,295,743 compared to $1,704,019 in the quarter ended August 31, 2017, an increase of $591,724, or 34.7%. Main increases included onetime costs related to the acquisition of Boilerroom Equipment Inc. ($107,342), the integration of Boilerroom Equipment Inc's results into the consolidated results, increased commission payable related to the increased revenue, the strategic investments in the future growth of the company including the addition of new sales and technical staff and additional investments in advertisement and marketing activities ($110,800), plus foreign exchange losses experienced in the quarter compared to foreign exchange gains experienced in the same quarter of the previous year (a difference of $54,644). Despite the increases, Operating Expenses as a percent of revenue was only 33.8% this year compared to 55.0% last year. Furthermore, excluding the onetime costs related to the acquisition of Boilerroom Equipment Inc. and the strategic investments to support the future growth of the business, Operating Expenses for the quarter would have been only $2,077,601. EBITDAS for the quarter was negative $50,736, a $135,533 improvement compared to first quarter last year. However, EBITDAS would have been $167,406, a $353,675 increase compared to the same quarter last year if we excluded the strategic investments in growth and onetime expenses noted above. MISSISSAUGA, Ontario, Oct. 18, 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 10:00 a.m. Eastern on November 2, 2018 to review the fiscal third quarter and nine months ended September 30, 2018. 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/2P5OqFi Hydrogenics to Supply Large-Scale PEM Electrolyzer for Hydrogen Fueling Station in Europe10/15/2018
Location in Wuppertal, Germany to Produce Over 400KG of Hydrogen Daily
Location in Wuppertal, Germany to Produce Over 400KG of Hydrogen Daily via Hydrogenics Corporation https://ift.tt/2yivQjk
Plant to Focus on Integration of Heavy Mobility Vehicles and Hydrogen Fueling Systems
Plant to Focus on Integration of Heavy Mobility Vehicles and Hydrogen Fueling Systems via Hydrogenics Corporation https://ift.tt/2pJqPMe Vancouver, Canada, October 4, 2018 – Legend Power® Systems Inc. (TSX-V: LPS), a global leader in voltage management technology, today announced recently completed sales of 5 HarmonizerTM systems totaling C$475,039, to three different K-12 Ontario school boards. One of the systems was the fourth follow-on purchase by a school board which has now outfitted 7 of its schools with Legend’s Harmonizer. The other two school boards are both first time buyers, purchasing 1 and 3 Harmonizers respectively. With this latest sale of 5 units, 26 Ontario school boards have now purchased 127 Legend Harmonizers. There are 66 K-12 school boards in Ontario which, collectively, administer 3,975 elementary schools and 902 secondary schools. “Given the size of the Ontario K-12 schools segment, we are delighted with the continued strong level of activity and the confidence it shows in both our company and our product” said Randy Buchamer, CEO of Legend Power® Systems. “We look forward to continued growth in the Ontario education vertical as a whole.” About Legend Power® Systems Inc. Legend Power® Systems Inc. (www.legendpower.com) is a global leader in voltage management technology. We help buildings use less energy by eliminating ‘overvoltage’; an inherent challenge associated with power grids around the world. Legend’s industry-proven HarmonizerTM enables dynamic power-management of an entire building. The proprietary and patented system reduces total energy consumption and power costs, while also maximizing the life of electrical equipment. Legend’s unique solution is also a key contributor to both corporate sustainability efforts, and the meeting of utility energy efficiency targets. 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® Systems Announces C$475,000 of Sales in Ontario Education Vertical appeared first on Legend Power Systems Inc.. via Legend Power Systems Inc. https://ift.tt/2zSXcy1 The post PyroGenesis Announces Receipt of Can$900,000 (Approx.) Down Payment Towards Previously Announced Order for Two DROSRITE™ Furnaces appeared first on PyroGenesis Canada Inc.. via PyroGenesis Canada Inc. https://ift.tt/2yeblUt The post PyroGenesis Announces Closing of First Tranche of Non-Brokered Private Placement appeared first on PyroGenesis Canada Inc.. via PyroGenesis Canada Inc. https://ift.tt/2NhFFD7 Vancouver, Canada, October 1, 2018 – Legend Power® Systems Inc. (TSX-V: LPS), a global leader in voltage management technology, will be exhibiting at three key Energy Tradeshows in support of its ongoing U.S. expansion. Over the next 2 weeks, Legend’s team will be representing the Company at:
“We know the energy efficiency and sustainability communities are tight knit and we can’t think of a better way to show our commitment to the men and women that make the industry run, than by meeting them face to face where they come together with their peers”, said Legend CEO Randy Buchamer. “There is no substitute for hearing first-hand from customers, and those who service them, how our solutions are working for them, and what else they need from us in the future.” Legend encourages tradeshow attendees to stop by, meet their team and learn more about its energy efficiency platform and the scale of the market opportunity. About Legend Power® Systems Inc. Legend Power® Systems Inc. (www.legendpower.com) is a global leader in voltage management technology. We help buildings use less energy by eliminating ‘overvoltage’; an inherent challenge associated with power grids around the world. Legend’s industry-proven HarmonizerTM enables dynamic power-management of an entire building. The proprietary and patented system reduces total energy consumption and power costs, while also maximizing the life of electrical equipment. Legend’s unique solution is also a key contributor to both corporate sustainability efforts, and the meeting of utility energy efficiency targets. 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® Systems Exhibits at Three Key US Industry Trade Shows appeared first on Legend Power Systems Inc.. via Legend Power Systems Inc. https://ift.tt/2NX0s3K |
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