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FEATURE: Peeks Social $PEEK.ca Revolutionizing Video Streaming With Real Time Monetization $BCOV $AVID

Posted by AGORACOM-JC at 3:42 PM on Friday, December 1st, 2017
PEEK: TSX-V

WHAT IS PEEKS?

Peeks is a new live streaming app where people can interact and transact in real time by sending cash tips as appreciation for content and or selling goods and services to their live viewers.

  • Evolution of social media, television, digital advertising, and mobile commerce naturally converge
  • Peeks Social is revolutionizing the way the world interacts and transacts.
  • Worlds first; purpose built, video streaming monetization platform.’
  • Allows both users and advertisers to monetize a global audience in ways previously thought to be impossible.

The Shifting landscape

  • ·     Digital marketing spend is projected to grow from $57.3B USD in 2014 to $103.4B USD in 2019
  •       Viewers spend 8x longer with live video than on demand:  42.8 min vs. 5.1 min
  •       Live video is outpacing growth of other types of online video with 113% increase in add growth yearly
  •       100,000,000 internet users watch online video everyday
  •       By 2019 online video will be responsible for 80% of global internet traffic.
  •       In the U.S. online video will be responsible for 85% of domestic US traffic

CHECK OUT OUR RECENT INTERVIEW

Peeks Social $PEEK.ca Platform Produces 30 Million Screen Views in August

Posted by AGORACOM-JC at 8:17 AM on Thursday, September 14th, 2017

Peeks large

  • Reached 30 million screen views in the month of August
  • Company announced the appointment of advertising executive Rick Padulo to its advisory board
  • Also pleased to announce the upcoming release of three of its advertising and sales services

TORONTO, ON–(September 14, 2017) – Peeks Social Ltd. (TSX VENTURE: PEEK) (OTCQB: PKSLF) today announced that the Peeks Social app reached 30 million screen views in the month of August. A screen view is the mobile equivalent of a page view. Upon reaching this milestone the Company announced the appointment of advertising executive Rick Padulo to its advisory board. Mr. Padulo is the founder of Padulo Integrated Inc. His clients represent several billion dollars in advertising spend in both traditional and non-traditional media. He is an expert Marketer and a published author. Rick’s published books include I Can Get It For You Retail: Down and Dirty Tales from a Canadian Ad Man. His company was voted one of the 50 Best Managed Private Companies in Canada. Rick has been selected as Entrepreneur of the Year, Marketer of the Year and was recently inducted into the Marketing Hall of Legends by the American Marketing Association. Rick will advise management and the board on the structuring and organization of the Company’s advertising sales division and grant guidance on the Company’s advertising sales strategies and marketing efforts.

The Company is also pleased to announce the upcoming release of three of its advertising and sales services: the Peeks Ad Share Network; the Peeks Get Popular Service; and a new updated version of the OfferBox. All three services are expected to be deployed in the upcoming weeks along with a supporting user interface (“UI”). The new UI will allow an average of 3.5 advertising impressions per screen view on applicable screens.

The Peeks Ad Share Network is a service that will match hash tagged stream titles to potential sponsors. Broadcasters will be prompted to select sponsors for their streams and receive a portion of the advertising revenues earned by the Peeks Social platform. This service will allow users to monetize their popularity without requiring them to sell their own goods or services nor requiring them to receive tips. The Company will also match brands with influencers whose social media following reaches the brand’s desired target market.

The Peeks Get Popular service is a user focused self-promotion tool which will allow users to purchase advertising units for them or their content to be featured in certain positions in the Peeks Social app’s Popular, Live, Channels, and similar pages.

The updated Peeks OfferBox technology is an interactive advertising delivery system that allows users and brands to run context sensitive ads on broadcaster streams. The current user focused free trial of the OfferBox will end and be replaced with a paid version of the service. The new version will require users to purchase advertising unit packages to run ads. Payment processing services related to offers will be restricted to brands and approved broadcasters.

“I am extremely pleased to be involved with Peeks because it’s a best of breed! Peeks represents a quantum leap forward in digital advertising that will positively disrupt the market place. Peeks is preemptively providing the most attractive, effective, and efficient destination for digital advertising spend. If your media folks aren’t looking at this someone better ask them ‘why the hell not,'” said Rick Padulo, founder of Padulo Integrated Inc. and advisor to Peeks Social Ltd.

The Peeks Social app can be downloaded in either the Apple or Google app stores, or by visiting www.peeks.com.

For further information, please contact:

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.

Forward-Looking statements:

The information and statements in this news release contain certain forward-looking information relating to the development, functionality, and deployment of certain functionalities of the Peeks Social livestreaming product, including assumptions regarding third party adoption and use. This forward-looking information is subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking information. Peeks Social Ltd.’s forward-looking information is expressly qualified in its entirety by this cautionary statement. Except as required by law, Peeks Social Ltd. undertakes no obligation to publicly update or revise any forward-looking information.

Peeks Social Ltd.
Mark Itwaru
Chairman & Chief Executive Officer
647-992-7727
mark@peeks.com

Peeks Social $PEEK.ca App Becomes the 15th Top Grossing Social App on the #Google Playstore

Posted by AGORACOM-JC at 8:03 AM on Tuesday, September 5th, 2017

Peeks large

  • Peeks Social app has risen in the United States to the 15th top grossing social app on the Google Play Store
  • App is also rapidly approaching the top 100 overall grossing apps on the Google Play Store out of approximately 3 million apps available for download in the United States

TORONTO, ON–(September 05, 2017) – Peeks Social Ltd. (TSX VENTURE: PEEK) (OTCQB: PKSLF) today provided an update on the progress of the Peeks Social app in relation to competitive services on the Google Play Store.

The Company is pleased to announce that the Peeks Social app has risen in the United States to the 15th top grossing social app on the Google Play Store. The app is also rapidly approaching the top 100 overall grossing apps on the Google Play Store out of approximately 3 million apps available for download in the United States. Noteworthy is the fact that Peeks Social is 7 positions higher than its competitor Periscope on the top grossing social category list in the United States. Periscope is a Twitter owned product with reportedly 10 million plus users. The Company attributes the rising standing of the Peeks Social app to be a result of: successful marketing and sponsorship programs; the launch of the Peeks account management portal which can be found at www.peeks.com; recent changes to its digital coin pricing strategies; and to the fact that the Peeks Social service is a purpose built social commerce product which naturally monetizes itself.

The rise in the product’s rankings comes despite significant changes to the service in June 2017, at which time the Company made a strategic decision to further restrict access to content of a mature nature within the app. This decision was made in order to provide a more brand friendly service with the aim of attracting advertising sponsorship sales, and to allow the app to continue to grow as a mainstream service. Although the change did have a temporary impact on revenues, revenues were greater for the quarter ending August 31st, 2017, as compared to the previous quarter, resulting in 3 straight quarters of growth. The Company expects continued growth quarter over quarter for the foreseeable future.

The Peeks Social app can be downloaded in either the Apple or Google app stores, or by visiting www.peeks.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.

Forward-Looking statements:

The information and statements in this news release contain certain forward-looking information relating to the future product performance of the Peeks Social app and the related financial performance of the Company. This forward-looking information is subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking information. Peeks Social Ltd.’s forward-looking information is expressly qualified in its entirety by this cautionary statement. Except as required by law, Peeks Social Ltd. undertakes no obligation to publicly update or revise any forward-looking information.

For further information, please contact:
Peeks Social Ltd.
Mark Itwaru
Chairman & Chief Executive Officer
647-992-7727
mark@peeks.com

VirtualArmor Closes USD $330,000 Hardware and Software Order From a Leading American University Hospital Group $VAI.ca

Posted by AGORACOM-JC at 8:12 AM on Wednesday, May 18th, 2016

Hublogolarge

  • Announced that it has closed USD $330,000 in hardware, software and professional services sale to a major university hospital in the U.S
  • This leading university hospital has purchased various network solutions from our organization in the past and given the need to update their existing security platform, they have decided to purchase a new best of breed firewall system and deployment services from us for a total of USD $330,000,” said Matthew Brennan, Vice President of Sales.

VirtualArmor Closes USD $330,000 Hardware and Software Order From a Leading American University Hospital Group

VANCOUVER, May 18, 2016 – VirtualArmor International Inc. (“VirtualArmor” or the “Company“) (CSE: VAI) is pleased to announce that it has closed USD $330,000 in hardware, software and professional services sale to a major university hospital in the U.S.

“This leading university hospital has purchased various network solutions from our organization in the past and given the need to update their existing security platform, they have decided to purchase a new best of breed firewall system and deployment services from us for a total of USD $330,000,” said Matthew Brennan, Vice President of Sales. “We are pleased to see that leading organizations entrust in us to make upgrades to their security posture. As the demand for heightened network security measures continues to rise, we expect to see companies from every vertical constantly invest resources in updating their current infrastructure to include leading technologies that are shaping the cybersecurity industry.”

About VirtualArmor

VirtualArmor is a cyber security company that delivers solutions to help enterprises build, monitor, maintain and secure their networks from cloud to core. As a managed security services provider, VirtualArmor’s services run 24 hours per day, 7 days per week, 365 days per year through its primary security operations center (“SOC”) located in Middlesbrough, U.K. and a secondary SOC located in Salt Lake City, Utah. Each member of VirtualArmor’s team supports the three main facets of its business: managed services, professional services, and hardware sales, by handling the design, configuration and installation of advanced network and cloud architecture solutions. VirtualArmor uses best-in-breed partnerships to provide solutions for customers that are affordable, highly reliable, scalable, and backed by thorough knowledge of the related technologies, products, and platforms. VirtualArmor has secured partnerships with established technology businesses specializing in network appliances, software, and systems and provides its services to the mid- to large- enterprise and service provider markets. VirtualArmor customers include a 13-location data center provider, a Fortune 100 oil and gas company, multiple service providers with presences throughout the United States, and household name enterprise organizations located primarily in the western United States. Further information about the Company is available under its profile on the SEDAR website, www.sedar.com, on the CSE website, www.thecse.com, and on its website, http://www.virtualarmor.com/.

Forward-Looking Information:

This press release may include forward-looking information within the meaning of Canadian securities legislation. The forward-looking information is based on certain key expectations and assumptions made by the management of VirtualArmor. Although VirtualArmor believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information as VirtualArmor cannot provide any assurance that it will prove to be correct. These forward-looking statements are made as of the date of this press release and VirtualArmor disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

SOURCE VirtualArmor

Company Contact: Todd Kannegieter, President and CEO, Office: 720-961-3304, todd.kannegieter@virtualarmor.com; Investor Relations Contact: Babak Pedram, Office: 416-644-5081, bpedram@virtusadvisory.comCopyright CNW Group 2016

VirtualArmor Receives USD $450,000 Contract Under Its Managed Services Platform From a Leading Specialty Finance Company $VAI.ca

Posted by AGORACOM-JC at 8:12 AM on Wednesday, May 11th, 2016

  • Received an order for USD $450,000 under its managed services platform from a leading specialty finance company
  • Agreement is for an initial term of three years with the option to extend paid in equal monthly payments.

VANCOUVER, May 11, 2016 – VirtualArmor International Inc. (“VirtualArmor” or the “Company“) (CSE: VAI) is pleased to announce that it has received an order for USD $450,000 under its managed services platform from a leading specialty finance company. The agreement is for an initial term of three years with the option to extend paid in equal monthly payments.

“We continue to see our recurring revenue managed security services platform gaining traction amongst leading multinational companies that are looking to protect their network from everyday threats,” said Matthew Brennan, Vice President of Sales at VirtualArmor. “Under the agreement, this leading brand will pay a monthly fee of $12,500 for a period of three years, with the option to extend, to have our expert staff provide security intelligence to strengthen their overall cybersecurity posture. In addition, the client spent approximately USD $100,000 in hardware and professional services with us prior to commencing the managed services program.”

“Our managed services platform serves as a source of predictable cash flow as we are engaged for a minimum of three years with every customer, with our longest standing customers having been with us for 10 years,” continued Matthew Brennan. “As cybersecurity threats continue to rise for companies of all sizes, we anticipate our managed services platform will provide a growing base of revenue for our company, while our hardware sales component serves as an entry point with future customers looking to secure every aspect of their network with leading cybersecurity solutions.”

About VirtualArmor

VirtualArmor is a cyber security company that delivers solutions to help enterprises build, monitor, maintain and secure their networks from cloud to core. As a managed security services provider, VirtualArmor’s services run 24 hours per day, 7 days per week, 365 days per year through its primary security operations center (“SOC”) located in Middlesbrough, U.K. and a secondary SOC located in Salt Lake City, Utah. Each member of VirtualArmor’s team supports the three main facets of its business: managed services, professional services, and hardware sales, by handling the design, configuration and installation of advanced network and cloud architecture solutions. VirtualArmor uses best-in-breed partnerships to provide solutions for customers that are affordable, highly reliable, scalable, and backed by thorough knowledge of the related technologies, products, and platforms. VirtualArmor has secured partnerships with established technology businesses specializing in network appliances, software, and systems and provides its services to the mid- to large- enterprise and service provider markets. VirtualArmor customers include a 13-location data center provider, a Fortune 100 oil and gas company, multiple service providers with presences throughout the United States, and household name enterprise organizations located primarily in the western United States. Further information about the Company is available under its profile on the SEDAR website, www.sedar.com, on the CSE website, www.thecse.com, and on its website, http://www.virtualarmor.com/.

Forward-Looking Information:

This press release may include forward-looking information within the meaning of Canadian securities legislation. The forward-looking information is based on certain key expectations and assumptions made by the management of VirtualArmor. Although VirtualArmor believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information as VirtualArmor cannot provide any assurance that it will prove to be correct. These forward-looking statements are made as of the date of this press release and VirtualArmor disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

SOURCE VirtualArmor

Company Contact: Todd Kannegieter, President and CEO, Office: 720-961-3304, todd.kannegieter@virtualarmor.com; Investor Relations Contact: Babak Pedram, Office: 416-644-5081, bpedram@virtusadvisory.comCopyright CNW Group 2016

VirtualArmor Posts 2015 Revenue Growth of 53% Year over Year to over USD $7,000,000 (CAD $10,000,000) $VAI.ca

Posted by AGORACOM-JC at 5:12 PM on Tuesday, April 26th, 2016

Vai_hub_logo_large_copy

2015 Revenue Growth of 53% Year over Year to over USD $7,000,000 (CAD $10,000,000)

2015 Financial Highlights

  • Total revenue for 2015 increased by 53% to $7,366,309 compared to $4,813,410 in 2014. The increase in revenue was directly related to a significant increase in the number of customers being served.
  • Hardware and software sales revenue increased by 69% to $5,780,084 in 2015, compared to $3,417,928 for in 2014. The increase in revenue was due to an increase in the number of customers served as well as the size of orders from new and existing customers.
  • Managed and professional services revenue increased by 14% to $1,576,965 in 2015, compared to $1,378,386 in 2014.

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

VANCOUVER, April 26, 2016 – VirtualArmor International Inc. (“VirtualArmor” or the “Company“) (CSE: VAI) today announced fourth quarter (Q4) financial results for the three and twelve-month period ended December 31, 2015. All figures are in USD.

“2015 was a year of market expansion as we saw our top line grow by 53% over the previous year while continuing to partner with leading cyber security technology providers and increasing our customer base to include leading enterprises,” said Todd Kannegieter, CEO of VirtualArmor. “The revenue growth we saw over the past year was driven primarily by an increase in hardware/software sales to new customers as well as existing ones that upsized their orders. In addition, our managed services platform which serves as a source of multi-year recurring revenues saw an increase of 35% in monthly contractual billings at year-end 2015 vs. 2014 as initial product sales turned into three plus year contracts to manage the solutions purchased.”

“Looking forward into 2016, our company has a clear focus to continue partnering with leading cyber security technologies and expanding our sales channel to support incremental revenue growth across all of our business lines,” continued Todd Kannegieter. “In addition, we will continue scaling our hardware/software sales and increase our high margin managed services to become a larger percentage of overall revenues, and ultimately the main driving force to our bottom line.”

“Lastly, during the third quarter of 2015 we began trading on the Canadian Securities Exchange and in doing so incurred a onetime listing expense of $4,166,285 which was the primary contributor to our net loss for the year,” said Todd Kannegieter. “In the coming quarters we anticipate this figure to normalize to better reflect our core earnings power as a business.”

Fourth Quarter Financial Highlights

  • Total revenue for Q4 2015 increased by 101% to $2,492,695, compared to $1,236,528 in Q4 2014. The increase in revenue was due to an increase in the number of customers served as well as the size of orders from existing customers.
  • Hardware and software sales revenue increased by 137% to $2,077,923 in the quarter ended December 31, 2015, compared to $877,379for in 2014.
  • Managed and professional services revenue increased by 16% to $413,956 in the quarter ended December 31, 2015, compared to$355,428.
  • Net income and comprehensive income for Q4 2015 was $915,230 as compared to a net loss of $31,433. The increase in net income is due to a gain on the fair value of a warrant derivative liability.
  • As at December 31, 2015, the Company’s cash balance was $250,812 compared to $95,978 as at December 31, 2014.

2015 Financial Highlights

  • Total revenue for 2015 increased by 53% to $7,366,309 compared to $4,813,410 in 2014. The increase in revenue was directly related to a significant increase in the number of customers being served.
  • Hardware and software sales revenue increased by 69% to $5,780,084 in 2015, compared to $3,417,928 for in 2014. The increase in revenue was due to an increase in the number of customers served as well as the size of orders from new and existing customers.
  • Managed and professional services revenue increased by 14% to $1,576,965 in 2015, compared to $1,378,386 in 2014.
  • The Company recorded a net loss of $3,403,391 (0.09 per share) for the year ended December 31, 2015 as compared to net income of$122,944 (0.00 per share) for the year ended December 31, 2014. The table below details certain non-cash and other transactions that for the purposes of this discussion have been adjusted out of the reported loss to produce an adjusted loss that forms a better basis for comparing the year-over-year operating results of the Company.
2015$ 2014$
(Loss) income for the year as reported (3,403,391) 122,944
Add (deduct):
Listing expense 4,166,285
Change in fair value of warrant derivative liabilities (1,169,751)
G&A expense – share-based compensation 399,674 17,914
Adjusted (loss) income for the year (1) (7,183) 140,858
(1) Adjusted loss for the year is not a term recognized under IFRS. Non-IFRS measures do not have a standardized meaning. Accordingly, non-IFRS measures should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.

Operational Highlights:

  • During the quarter, the Company:
    • Commenced trading on the CSE under the symbol VAI.
  • Subsequent to the quarter, the Company:
    • Closed approximately $2,400,000 USD in orders over a 90 day period beginning December 1st, 2015.
    • Reduced shares outstanding with the voluntary escrow of free trading shares and canceled a previously announced private placement due to a favourable exercise of warrants.
    • Added three leading cybersecurity solutions to managed services platform.

About VirtualArmor
VirtualArmor is a cyber security company that delivers solutions to help enterprises build, monitor, maintain and secure their networks from cloud to core. As a managed security services provider, VirtualArmor’s services run 24 hours per day, 7 days per week, 365 days per year through its primary security operations center (“SOC”) located in Middlesbrough, U.K. and a secondary SOC located in Salt Lake City, Utah. Each member of VirtualArmor’s team supports the three main facets of its business: managed services, professional services, and hardware sales, by handling the design, configuration and installation of advanced network and cloud architecture solutions. VirtualArmor uses best-in-breed partnerships to provide solutions for customers that are affordable, highly reliable, scalable, and backed by thorough knowledge of the related technologies, products, and platforms. VirtualArmor has secured partnerships with established technology businesses specializing in network appliances, software, and systems and provides its services to the mid- to large- enterprise and service provider markets. VirtualArmor customers include a 13-location data center provider, a Fortune 100 oil and gas company, multiple service providers with presences throughout the United States, and household name enterprise organizations located primarily in the western United States. Further information about the Company is available under its profile on the SEDAR website, www.sedar.com, on the CSE website, www.thecse.com, and on its website, http://www.virtualarmor.com/.

Forward-Looking Information:

This press release may include forward-looking information within the meaning of Canadian securities legislation. The forward-looking information is based on certain key expectations and assumptions made by the management of VirtualArmor. Although VirtualArmor believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information as VirtualArmor cannot provide any assurance that it will prove to be correct. These forward-looking statements are made as of the date of this press release and VirtualArmor disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

SOURCE Virtual Armor

Company Contact: Todd Kannegieter, President and CEO, Office: 720-961-3304, todd.kannegieter@virtualarmor.com; Investor Relations Contact: Babak Pedram, Office: 416-644-5081, bpedram@virtusadvisory.comCopyright CNW Group 2016

Why Elon Musk’s Batteries Scare the Hell Out of the Electric Company

Posted by AGORACOM-JC at 10:57 AM on Friday, December 5th, 2014
Tesla Factory in California
Tesla Motor Inc. associates work on a Model S at the company’s factory in Fremont, California. More than 100,000 plug-ins have been sold in California, according to data from HybridCars.com and Baum & Associates, though electric vehicles make up less than 1 percent of all U.S. car sales. Photographer: David Paul Morris/Bloomberg

Here’s why something as basic as a battery both thrills and terrifies the U.S. utility industry.

At a sagebrush-strewn industrial park outside of Reno, Nevada, bulldozers are clearing dirt for Tesla Motors Inc. (TSLA:US)’s battery factory, projected to be the world’s largest.

Tesla’s founder, Elon Musk, sees the $5 billion facility as a key step toward making electric cars more affordable, while ending reliance on oil and reducing greenhouse gas emissions. At first blush, the push toward more electric cars looks to be positive for utilities struggling with stagnant sales from energy conservation and slow economic growth.

Yet Musk’s so-called gigafactory may soon become an existential threat to the 100-year-old utility business model. The facility will also churn out stationary battery packs that can be paired with rooftop solar panels to store power. Already, a second company led by Musk, SolarCity Corp. (SCTY:US), is packaging solar panels and batteries to power California homes and companies including Wal-Mart Stores Inc. (WMT:US)

“The mortal threat that ever cheaper on-site renewables pose” comes from systems that include storage, said Amory Lovins, co-founder of the Rocky Mountain Institute, a Snowmass, Colorado-based energy consultant. “That is an unregulated product you can buy at Home Depot that leaves the old business model with no place to hide.”

J.B. Straubel, chief technology officer for Palo Alto, California-based Tesla, said the company views utilities as partners not adversaries in its effort to build out battery storage. Musk was not available for comment.

The Tesla systems are arriving just as utilities begin to feel increasing pressure worldwide from the disruption posed by renewable energy.

Lima Meeting

In Germany, the rapid rise of tax-subsidized clean energy has undermined wholesale prices and decimated the profitability of coal and natural gas plants. Germany’s largest utility EON SE (EOAN) said this week it will spin off its fossil-fuel plant business to focus on renewables in part because of new clean energy competitors coming onto its turf.

Threats to the traditional utility model come as energy and environment take the world stage at the latest round of United Nations climate talks that began Dec. 1 in Lima. Delegates, backed by global environmental groups, want to leave the conference with a draft agreement to tackle climate change by lowering carbon-dioxide emissions — something that has eluded them for years.

The Rocky Mountain Institute’s Lovins has installed solar on his house in Snowmass and uses it to power his electric car. His monthly electric bill: $25. He has a lot of company.

100,000 Plug-ins

In California, where 40 percent of the nation’s plug-in cars have been sold, about half of electric vehicle owners have solar or want to install it, according to a February survey by the Center for Sustainable Energy, a green-energy advocate. More than 100,000 plug-ins have been sold in California, according to data from HybridCars.com and Baum & Associates, though EVs make up less than 1 percent of all U.S. car sales.

Few homes and businesses use solar and back-up-battery storage, proof for some utilities that the systems remain a hard sell outside of states like California or markets like Hawaii where high power costs make solar competitive.

Still, the Edison Electric Institute, a trade group representing America’s investor-owned utilities, recently announced that its members will help to encourage electric vehicle use by spending $50 million annually to buy plug-in service trucks and invest in car-charging technology.

“Advancing plug-in electric vehicles and technologies is an industry priority,” said EEI President Thomas Kuhn.

Charging Stations

Analysts think the industry has been slow to react. Tesla, SolarCity and green-energy companies are already moving aggressively into unoccupied space. “Some of the more nimble companies that think and move more quickly, they are beating the utilities to the punch,” said Ben Kallo, a San Francisco-based analyst for Robert W. Baird & Co.

Tesla has installed 135 solar-powered fast-charging stations across North America where its Model S drivers can refuel for free. NRG Energy Inc. is building a network of public charging stations in major cities that drivers can access on a per-charge basis or for a flat monthly fee of about $15.

And then there’s the home front. In a July report, Morgan Stanley said Tesla’s home and business energy-storage product could be “disruptive” in the U.S. and in Europe as customers seek to avoid utility fees by going “off-grid.”

Source: http://www.businessweek.com/news/2014-12-05/musk-battery-works-fill-utilities-with-fear-and-promise

Stria Lithium Announces Funding Commitment from the Government of Canada

Posted by AGORACOM-JC at 10:17 AM on Wednesday, November 12th, 2014

 

Innovation Funding Commitment to assist in the Company’s Development of Novel, Environmentally Sustainable Lithium Processing Technologies

 

OTTAWA, ONTARIO–(Nov. 12, 2014) – Stria Lithium Inc. (TSX VENTURE:SRA) (“Stria” or the “Company”) is pleased to announce that it has received a funding commitment of up to $137,700 from the Government of Canada through the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP) in support of the Company’s continuing development of novel lithium processing technologies aimed at producing low-cost, very high purity lithium products.

Stria Lithium is advancing development of proprietary spodumene mineralization to lithium concentrate processing technologies capable of producing a low cost high-grade Li-metal, Li-carbonate and Li-hydroxide products.

On October 17, 2014, the Company announced it had completed a dense media separation study (“DMS”) with SGS Canada Ltd., demonstrating the mineralogical quality and viability for purification of spodumene mineralization from its 100% owned Pontax Lithium Project, Northern Quebec.

The mineralization will be used to feed Stria’s pilot plant located in Kingston, Ontario, scheduled for startup in early 2015.

Stria President and Chief Operating Officer Julien Davy said: “The federal government’s commitment of financial support bodes well for us in meeting our planned future production milestones, beginning with our pilot plant in Kingston. We are extremely grateful for NRC-IRAP’s business and technical advisory services, along with financial support, at this time in our process development.”

“Battery manufacturers are looking to the resource sector to find innovative solutions to lower production costs.

“Our decision to build our business on the development of new, proprietary processing technologies has attracted industry attention,” Mr. Davy added. “We believe our technologies hold the prospect of resolving not only cost and purity issues, but also, an industry imperative to do so on an environmentally sustainable basis.”

Stria’s aim is to license its potential technologies to electric vehicle and large-scale industrial energy storage battery manufacturers.

“Being able to ‘walk the talk,’ environmentally speaking,” Mr. Davy said, “is critical to our future success in the lithium industry.”

About Stria Lithium Inc.

Stria Lithium (TSX VENTURE:SRA) is a Mining Technology company that owns the Pontax spodumene lithium property in Northern Quebec and the Willcox brine lithium property in southeastern Arizona. As announced in January 2014, Stria is developing proprietary, in-house processing technologies for both projects with the purpose of reducing processing costs on an environmentally sustainable basis.

Stria’s technologies, based on recovering lithium metal directly from mineralization and from brine liquids, will be more efficient, will require fewer controls, less chemistry and require less energy from compact facilities designed to enable easy automation.

Forward Looking Statement – Disclaimer

This news release may contain forward-looking statements, being statements which are not historical facts, and discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company’s expectations are in our documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com.

Stria Lithium Inc.
Mr. Julien Davy
President and COO
jdavy@strialithium.com

CLIENT FEATURE: Virtutone (VFX: TSX-V) Generates $11.4M in Revenues for August

Posted by AGORACOM-JC at 12:23 PM on Friday, October 24th, 2014

FINANCIAL HIGHLIGHTS

  • Company has generated approximately $11.4 million in revenue for the month of August.
  • $48.8M in Revenues for the Year Ended Jan 31, 2014
  • Revenue from continuing operations was $48,823,653
  • Gross profit increased to $1,562,478

WHY VIRTUTONE NETWORKS?

  • Company has purchased five key underlying customers of its largest customer. Adding these key customers will ensure that no one customer represents more than 25% of the Company’s total revenue

  • Recently launched a new Wholesale SMS Division to compliment its current wholesale long distance business
  • Opportunity to be a niche player in the wholesale SMS/MMS hubbing business

RECOGNITION

  • Ranked #1 fastest growing ICT company in Canada 2012
  • “Next 50 ICT Companies” in Canada Branham 2013

At Virtutone the signal is clear.

VoIP Origination

Virtutone Networks provides wholesale origination services from one of the largest footprints in North America. Virtutone also provides international origination services from 73 different countries, with new countries being added weekly. View Origination Services

SIP Trunking

By creating virtual phone lines and linking your various office locations, this innovative solution allows your business to replace costly ISDN PRIs and traditional lines with a simplified infrastructure that can reduce your costs. View SIP Trunking Services

VoIP Termination

Virtutone Networks provides wholesale termination services to telephone companies, VoIP carriers, call centres, satellite service providers, teleports, cable television networks, cellular carriers and managed IT service providers. View Termination Services

Our Network

Virtutone’s business class VoIP Network is designed to provide high performance and scalability at a low unit cost. Virtutone’s VoIP and FoIP network includes POP’s in Canada, United States, Australia and the United Kingdom. View Our Network

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Virtutone Announces Record Revenues of $15.8 Million for the Month of July

Posted by AGORACOM-JC at 9:35 AM on Wednesday, August 6th, 2014

Sherwood Park, Alberta / August 6th, 2014 / Virtutone Networks Inc. (“Virtutone” or the “Company”) (TSX Venture: VFX.V) is pleased to announce that the Company has generated over $15.8 million in revenue for the month of July.

“Our revenues have been stable for the past 3 months and now with the new line of credit, we are anticipating another jump in revenues this fall” said Jason Allen, Chief Executive Officer of Virtutone. ” Even without the additional line of credit in place, our team was able to generate another record month”

For further information please contact Jason Allen at 780-702-5777.

About Virtutone Networks Inc.

Virtutone Networks Inc. is a technology company based in Sherwood Park and is listed on the TSX Venture Exchange in Canada. The company is a leading supplier of managed telecommunication services, including: Voice over IP services, Fax over IP services, Hosted PBX services, DSL & T1 data circuits, wireless solutions for mobile work forces and SCADA networks, and network management and IT-related products. Additional information can be found on the company’s website at www.virtutone.com.

This document may contain certain forward-looking information or statements (“Forward-looking statements”) as defined under applicable securities legislation that involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks include, without limitation, risks related to: the termination, non-renewal of or default under of any current or new wholesale contracts; changes in the global economy; a failure to negotiate new customer contracts; changes in legislation or the interpretation thereof, particularly in the telecommunications industry. Forward-looking statements are any statements other than statements of historical fact. The use of any “plan” “expect ” “project” “believe” “should” “anticipate” or other similar words or statements that certain events “may” or “will” occur are intended to identify forward-looking statements. In particular, forward-looking statements included in the press release include, without limitation, statements regarding: the impact of the new voice traffic contracts; timing and completion of the transition of new voice traffic; the sustainability of the new revenue stream; increased leverage with suppliers; additional deals currently being worked on and the impact thereof; and negotiations relating to potential new customers. The forward-looking-statements contained herein are based on certain assumptions including, without limitation, assumptions regarding: global economic conditions; changes in laws and regulations; the impact of Virtutone’s new contracts; the market for wholesale telephony services; the maintenance of new and current wholesale contracts; and the ability to add new wholesale clients. Although management believes the expectations reflected in the forward-looking statements contained herein are reasonable, no assurances can be given that any of the events anticipated in forward-looking statements will occur, or, if they do, what benefits Virtutone will derive therefrom. As such readers are cautioned not to place undue reliance on forward-looking statements, which are effective only as of the date of this document or as of the date otherwise specifically indicated herein. Virtutone assumes no obligation to update forward-looking statements, except as required by applicable law. The historical revenue numbers for the new wholesale contracts do not represent estimates of future revenues to be received by the Company. As these contracts do not contain any minimum traffic requirements, revenue generated on such contracts will vary from month to month, and such variations may be material. The Company cannot provide any assurances as to the revenues to be generated by such contracts once the transition is complete.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.