Agoracom Blog

PyroGenesis $PYR.ca Announces 2019 Results: Revenues of $4.8MM; Gross Margin of 27%; Current Backlog $30.27MM $RTN $NOC $UTX $DDD.ca $SSYS $PRLB

Posted by AGORACOM-JC at 10:45 PM on Monday, June 15th, 2020
  • Backlog of signed contracts as of the date of this writing is $30.27MM;
  • Revenues of $4,813,978, a decrease of 4% from $5,030,116 year over year;
  • Gross margin of 27% an increase of 5% from 22.1% year over year;Increase of $197,157 in capitalized patents;
  • An Adjusted EBITDA loss of $4.5MM compared to an adjusted EBITDA loss of $6.2MM year over year;
  • Cash on hand on December 31, 2019 was $34K (December 31, 2018: $645K);

MONTREAL, June 15, 2020 — PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V: PYR) (OTCQB: PYRNF) (FRA: 8PY), a high-tech company, (the “Company”, the “Corporation” or “PyroGenesis”) that designs, develops, manufactures and commercializes plasma atomized metal powder, plasma waste-to-energy systems and plasma torch systems, is pleased to announce today its financial and operational results for the fourth quarter and the fiscal year ended December 31, 2019.

“The irony of issuing these 2019 financials knowing full well what has transpired since December 31st, 2019 has not been lost on the writer, as I hope it will not be lost on the reader as well.  These statements definitely do not represent the current state of affairs at the Company, specifics of which can be gleamed from press releases issued by the Company in 2020.” said P. Peter Pascali, CEO of PyroGenesis Canada Inc. “To date, in 2020 we have not only received significant payments under existing contracts, but have retired the $3MM convertible debenture in full, bought back approximately 1.2 million shares, increased our investment in HPQ, and further benefited from early conversions of warrants maturing in 2021 of over $2MM.  Of note, as of December 31st, 2019 we have approximately $10MM of in-the-money warrants and options expiring in 2020 and 2021 alone. The Company also has over $50MM in tax loss carryforwards (roughly evenly distributed between federal and provincial tax regimes) which is not reflected as an asset on the balance sheet. Given recent events, and the structuring that took place in 2019, the Company is undeniably well positioned to execute on, and build upon, the backlog of signed contracts which currently stands in excess of $30MM.  With the eagerly anticipated US Navy contract in hand backlog of signed contracts will be in excess of $40MM.  2020 has the potential to be a barn burner by almost any yardstick.”

2019 was a year in which PyroGenesis posted:

  • Backlog of signed contracts as of the date of this writing is $30.27MM;
  • Revenues of $4,813,978, a decrease of 4% from $5,030,116 year over year;
  • Gross margin of 27% an increase of 5% from 22.1% year over year;
  • Increase of $197,157 in capitalized patents;
  • An Adjusted EBITDA loss of $4.5MM compared to an adjusted EBITDA loss of $6.2MM year over year;
  • Cash on hand on December 31, 2019 was $34K (December 31, 2018: $645K);

Financial Summary

Revenues

PyroGenesis recorded revenues of $4,813,978 for the year ended December 31, 2019, representing a decrease of 4% compared to $5,030,116 recorded in 2018.

Revenues recorded in fiscal 2019 were generated primarily from:

  1. PUREVAP™ related sales of $525,556 (2018 – $1,781,009)
  2. DROSRITE™ related sales of $560,916 (2018 – $1,237,740)
  3. support services related to systems supplied to the US Military $637,841
    (2018 – $1,451,998)
  4. torch related sales of $2,323,351 (2018 – $Nil)
  5. other sales and services $766,314 (2018 – $559,369)

Cost of Sales and Services and Gross Margins

Cost of sales and services before amortization of intangible assets was $3,459,753 in 2019, representing a decrease of 9% compared to $3,860,493 in 2018, primarily due to a decrease in employee compensation, a decrease in subcontracting expenses and a decrease in manufacturing overhead and other.

In 2019, employee compensation, subcontracting, manufacturing overhead and other decreased to $2,397,743 (2018 – $2,829,198) while direct materials increased to $1,303,844 (2018- $1,125,645). The gross margin for 2019 was $1,298,092 or 27% of revenue compared to a gross margin of $1,109,297 or 22.1% of revenue for 2018. As a result of the type of contracts being executed, the nature of the project activity had a significant impact on the gross margin and the overall level of cost of sales and services reported in a period, as well as the composition of the cost of sales and services, as the mix between labor, materials and subcontracts may be significantly different. The cost of sales and services for 2019 and 2018 are in line with management’s expectations

Investment tax credits recorded against cost of sales are related to projects that qualify for tax credits from the provincial government of Quebec. Qualifying tax credits increased to $179,670 in 2019, compared to $158,948 in 2018. This represents an increase of 13% year-over-year. The Company continues to make investments in research and development projects involving strategic partners and government bodies.  In total, the Company earned investment tax credits of $354,241 in 2019.

The amortization of intangible assets of $20,133 in 2019 and $60,326 for 2018 relates to patents and deferred development costs. Of note, these expenses are non-cash items and will be amortized over the duration of the patent lives.

Selling, General and Administrative Expenses

Included within Selling, General and Administrative expenses (“SG&A”) are costs associated with corporate administration, business development, project proposals, operations administration, investor relations and employee training.

SG&A expenses for 2019 excluding the costs associated with share-based compensation (a non-cash item in which options vest principally over a four-year period), were $6,017,091, representing an increase of 3% compared to $5,864,528 reported for 2018. 

The increase in SG&A expenses in 2019 over the same period in 2018 is mainly attributable to the net effect of:

  1. a decrease of 0.1% in employee compensation due to changes in staffing,
  2. a decrease of 10% for professional fees, primarily due to a decrease in consulting fees, legal fees and investor relation expenses,
  3. a decrease of 42% in office and general expenses, is primarily due to the adoption of IFRS 16 using the modified retrospective method on January 1, 2019. In 2019 rent included in office and general expenses was $Nil compared to $278,458 in 2018,
  4. travel costs increased by 12%, due to an increase in travel abroad,
  5. depreciation on property and equipment decreased by 21% due to lower amounts of property and equipment being depreciated. In 2019, depreciation was not taken on the Plasma atomization system (previously asset under development) as it was written off,
  6. investment tax credits decreased by 3%, due to a decrease in qualifying projects,
  7. government grants increased by 23%, due to a non-refundable government grant contribution for a maximum amount of $350,000 for the period 2018-2020,
  8. other expenses decreased by 25%, primarily due to a decrease in subcontracting and advertising expenses,
  9. tax assessment represents the amount due from a taxation audit for the period of 2008 to 2011. The Company paid royalties for the use of intangible property prior to the purchase of the asset. The royalties were subject to a 25% withholding tax that was not deducted or withheld by the Company at that time.

Separately, share based payments decreased by 74% in 2019 over the same period in 2018 as a result of the vesting structure of the stock option plan including the stock options granted in 2019.

Research and Development (“R&D”) Costs

The Company incurred $851,512 of R&D costs, net of government grants, on internal projects in 2019, a decrease of 5% compared to $892,045 in 2018. The decrease in 2019 is primarily related to an increase in investment tax credits and government grants recognized.

In addition to internally funded R&D projects, the Company also incurred R&D expenditures during the execution of client funded projects. These expenses are eligible for Scientific Research and Experimental Development (“SR&ED”) tax credits. SR&ED tax credits on client funded projects are applied against cost of sales and services (see “Cost of Sales” above).

Net Finance Costs

Finance costs for 2019 totaled $1,061,267 as compared with $1,525,275 for 2018, representing a decrease of 30% year-over-year. The decrease in finance costs in 2019, is primarily attributable to the adjustment in fair value of investments resulting in a gain of $176,237 compared to a loss in the amount of $919,463 in 2018, offset by an amount of $275,183 in 2019 for the interest and penalty amount due related to the tax assessment from a taxation audit for the period of 2008 to 2011 and further to the adoption of IFRS 16, as mentioned above, the finance costs increased by $258,288 related to the interest calculated on the lease liabilities during the year 2019.

Impairment and Write Offs

In 2019 the Company commenced construction on a new and improved Plasma Powder Production equipment with advanced technological improvements with regards to production output and operating costs. As a result, the existing powder production, Plasma atomization system, was no longer deemed to have any future benefit and was written down by $1,981,410, to the net recoverable amount of nil. The powders and raw materials inventory related to the old Plasma atomization system were no longer deemed to have any future value and were written down by $386,121 to their net recoverable amounts of nil.

Net Comprehensive Loss

The net comprehensive loss for 2019 of $9,171,116 compared to a loss of $7,845,800, in 2018, represents an increase of 17% year-over-year. The increase of $1,325,316 in the comprehensive loss in 2019 is primarily attributable to the factors described above, which have been summarized as follows:

  1. a decrease in product and service-related revenue of $216,138 arising in 2019,
  2. a decrease in cost of sales and services totaling $18,811, primarily due to lower subcontract costs, and lower manufacturing overhead as a result of lower revenues in 2019,
  3. a decrease in SG&A expenses of $348,879 arising in 2019 primarily due a decrease in share-based payments over the same period in 2018 as a result of the vesting structure of the stock option plan including the stock options granted in 2019,
  4. a decrease in R&D expenses of $40,533 primarily related to an increase in investment tax credits and government grants recognized,
  5. a decrease in net finance costs of $464,008 in 2019 primarily attributable to the adjustment in fair value of investments,
  6. an increase of $1,981,410 in 2019 due to impairment of a Plasma Atomization 2019. The Company commenced construction on a new and improved Plasma Powder Production equipment,
  7. an increase of $386,121 in 2019 due to the write off, of powders and raw materials inventory.

EBITDA

The adoption of IFRS 16 had a favorable impact of $618,071 on the calculation of EBITDA, Adjusted EBITDA and Modified in EBITDA in 2019 compared 2018. The reconciliation above includes add-backs for depreciation of the right-of-use asset of $359,783 and finance charges of interest on lease liabilities of $258,288 in 2019, compared to nil for 2018 as a result of the use of the modified retrospective method used at date of transition.

The EBITDA loss in 2019 was $7,384,862 compared to an EBITDA loss of $6,864,461 for 2018, representing an increase of 8% year-over-year. The increase in the EBITDA loss in 2019 compared to 2018 is due to the increase in comprehensive loss of $1,325,316, offset by a decrease in depreciation on property and equipment of $43,787, an increase in depreciation on right-of-use assets of $359,783, a decrease in amortization of intangible assets of $40,193, and an increase in finance charges of $529,112.

Adjusted EBITDA loss in 2019 was $4,567,724 compared to an Adjusted EBITDA loss of $6,191,212 for 2018. The decrease of $1,623,488 in the Adjusted EBITDA loss in 2019 is attributable to an increase in EBITDA loss of $520,401, a decrease of $501,442 in share-based payments, an increase in tax assessment of $277,800, an increase in inventory write-off of $386,121, and an increase in equipment write-off of $1,981,410.

The Modified EBITDA loss in 2019 was $4,743,961 compared to a Modified EBITDA loss of $5,271,749 for 2018, representing a decrease of 10%. The decrease in the Modified EBITDA loss in 2019 is attributable to the decrease as mentioned above in the Adjusted EBITDA of $1,623,490 and a decrease in change of fair value of investments of $1,095,700.

Liquidity

The Company has incurred, in the last several years, operating losses and negative cash flows from operations, resulting in an accumulated deficit of $60,237,656 and a negative working capital of $10,492,102 as at December 31, 2019 (December 31, 2018 – $51,066,540 and $4,101,428 respectively). Furthermore, as at December 31, 2019, the Company’s current liabilities and expected level of expenses for the next twelve months exceed cash on hand of $34,431 (December 31, 2018 – $644,981). The Company has relied upon external financings to fund its operations in the past, primarily through the issuance of equity, debt, and convertible debentures, as well as from investment tax credits.

OUTLOOK 

Any discussion regarding the OUTLOOK of the company would be remiss if it did not address the recent increase in the Company’s market capitalization and the implications that has for the future.

Without a doubt the Company’s market capitalization suffered, as did many other companies, in the general Covid-19 market meltdown at the end of March 2020. However, PyroGenesis soon broke from the pack with the issuance of a material press release on March 24th, 2020.

Management believes that its breaking from the ranks caught the attention of investors, fund managers, and money managers who all now had the time during the Covid-19 lockdown to fully analyze the complicated story that is PyroGenesis.  Management does not see any reason why this interest would abate anytime soon. To the contrary, Management has reason to believe that interest in the Company will only increase over the foreseeable future. As such, Management has decided that several strategies that have been articulated in the past (up listings, spinoffs) can now be accelerated as some of the impediments to moving quickly have been removed or may be very shortly. 

Having a larger market capitalization has also helped in discussions with potential customers who take comfort from the possibility that a higher market capitalization may translate into easier access to capital.  For the record, there is no intention at this time to raise capital for working capital purposes.

If 2018 was the year in which PyroGenesis successfully positioned each of its commercial business lines by strategically partnering with multi-billion-dollar entities, and 2019 was the year that saw the appropriate personnel and infrastructure being put in place while building upon the success of 2018, then 2020 is without a doubt the year that  the long awaited breakout, which began in the second half of 2019, takes place; it is in fact already upon us:

To date during 2020 PyroGenesis has:

  1. received significant payments under the multi-million dollar contract with DROSRITE™ International thereby validating announcements made during 2019,
  2. established a relationship with a US based tunneling company (contracts and payments ongoing),
  3. Established itself in the iron ore pelletization industry as a potential supplier of torches geared to replacing existing burners and thereby reducing GHGs. Interest is also spilling over into other industries with GHG reduction targets,
  4. Established a relationship with an OEM in North America with the intent to eventually supply powders for their 3D printing needs.  This augments our relationship with Aubert & Duval, while at the same time de-risking our dependence on them,
  5. retired the $3MM convertible debenture in full,
  6. bought back approximately 1.2 Million shares under the existing Normal Course Issuer Bid,
  7. increased Company’s investment in HPQ, who has subsequently also experienced a significant increase in market capitalization,
  8. further benefited from early conversions of warrants maturing in 2021 of over $2MM. 

The Company has booked a significant backlog of signed contracts (in excess of $30MM; 2019 Revenues approx. $5MM) which, when taking the eagerly awaited US Navy contract into account, will increase to over $40MM.  This provides a solid cornerstone upon which PyroGenesis can:

  1. continue to build on the recent successes with the Company’s DROSRITE™ offering

  2. leverage off of the recent successes with the Company’s torch offerings to (i) the iron ore pelletization industry, and (ii) a tunneling client.

  3. accelerate activities with Aubert & Duval in the Additive Manufacturing sector as well as HPQ in the Mining and Metallurgical sector, both of which did not progress as fast as management would have liked in 2019. Significant attention will be placed on both these activities in 2020.

Specifically, with Aubert & Duval the goal will be to complete the integration of the cutting-edge advances PyroGenesis has made to the powder production process.

With respect to HPQ, the goal would be to accelerate the game changing PUREVAPTM family of processes which we are developing for HPQ, namely:

  • The PUREVAPTM â€œQuartz Reduction Reactors” (QRR), an innovative process (patent pending), which will permit the one step transformation of quartz (SiO2) into high purity silicon (Si) at reduced costs, energy input, and carbon footprint that will propagate its considerable renewable energy potential; and
  • The PUREVAPTM Nano Silicon Reactor (NSiR), a new proprietary process that use PUREVAPTM QRR silicon (Si) as feedstock, to make spherical silicon nano powders and nanowires;

Looking forward, the Company has, as of December 31st, 2019, approximately $10MM of in-the-money warrants and options expiring in 2020 and 2021. The Company also has over $50MM in tax loss carryforwards (roughly evenly distributed between federal and provincial obligations) which is not reflected as an asset on the balance sheet. 

All in all, 2020 is shaping up to be the year that we have been expecting for some time.

About PyroGenesis Canada Inc.

PyroGenesis Canada Inc., a high-tech company, is the world leader in the design, development, manufacture and commercialization of advanced plasma processes and products. 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 9001:2015 and AS9100D 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.

This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward- looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Corporation’s current expectation and assumptions and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Corporation with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Corporation’s ongoing filings with the securities regulatory authorities, which filings can be found at www.sedar.com, or at www.otcmarkets.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Corporation undertakes no obligation to publicly update or revise any forward- looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws. Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the OTCQB accepts responsibility for the adequacy or accuracy of this press release.

SOURCE PyroGenesis Canada Inc.

For further information please contact:
Rodayna Kafal, Vice President Investors Relations and Strategic Business Development
Phone: (514) 937-0002, E-mail: [email protected] 

RELATED LINK: http://www.pyrogenesis.com/

Tags: , , , , , ,
Posted in All Recent Posts, PyroGenesis Canada Inc. | Comments Off on PyroGenesis $PYR.ca Announces 2019 Results: Revenues of $4.8MM; Gross Margin of 27%; Current Backlog $30.27MM $RTN $NOC $UTX $DDD.ca $SSYS $PRLB

Chinese Battery Maker CATL Says its Ready to Build a 1.2 Million Mile EV Battery with a 16 Year Lifespan SPONSOR: Lomiko Metals $LMR.ca $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM at 1:40 PM on Monday, June 15th, 2020

SPONSOR: Lomiko Metals is focused on the exploration and development of minerals for the new green economy such as lithium and graphite. Lomiko has an option for 100% of the high-grade La Loutre graphite Property, Lac Des Iles Graphite Property and the 100% owned Quatre Milles Graphite Property. Lomiko is uniquely poised to supply the growing EV battery market. Click Here For More Information

One of the biggest challenges for automakers is building electric vehicles that can deliver ranges of over 400 miles with batteries that last the lifetime of the vehicle. Unlike gas-powered vehicles with mechanical engines, electric cars equipped with more reliable electric motors can travel a million miles or more, given that their batteries can last just as long. 

Now Chinese battery maker Contemporary Amperex Technology Limited (CATL), says its ready to build an EV battery with an expected lifespan of 1.2 million miles or 16 years before its needs replacement, Bloomberg reported this week.

In an interview at the company’s headquarters in Ningde, southeastern China, CATL Chairman Zeng Yuqun says that the company is ready to build it.

“If someone places an order, we are ready to produce,” said Zeng to Bloomberg, without disclosing if any contracts for the long-life battery have been signed. The longer life battery is expected to cost around 10% more than the EV batteries being used today, said Zeng. 

CATL is one of the biggest suppliers of batteries to the auto industry. The company has already formed a strategic partnership with German automaker Volkswagen to supply the batteries for millions of EVs the automaker plans to build over the next decade. 

In addition, an EV battery with a million mile plus warranty could be a big selling point for automakers, luring new customers to switch to fully-electric vehicles that might last much longer than their fossil fuel counterparts.

Electric automakers Tesla for example, the company considered to be the world’s leader in the electric vehicle segment, currently offers just an 8 year or 150,000 mile battery warranty for the Model S and Model X, with a minimum of 70% retention of the battery capacity during the warranty period, so CATL’s battery can offer much better long-term performance.

In addition, the long-life EV batteries can be used for second life purposes, including being installed in another electric vehicle, or connected to the grid.

Concerns about expensive to replace batteries losing charge retention is one factor holding back consumer adoption of EVs. Last year, Tesla Chief Executive Elon Musk said that replacing the Model 3 battery will cost between $5,000 and $7,000. However, Tesla has steadily improved its battery technology since the Model S was introduced in 2012.

In a Twitter post on April 13, 2019, Musk wrote about the Model 3, “Model 3 drive unit & body is designed like a commercial truck for a million mile life. Current battery modules should last 300k to 500k miles.”

Rival General Motors last month said it is nearing the million mile mark with its new batteries. 

CATL is Positioning Itself to Become a Major EV Battery Supplier

As the auto industry transitions to electrification, CATL is positioning itself to be a leading global supplier of batteries. The company is pouring money into research-and-development to improve battery technology. 

CATL inked a two-year deal in February to supply batteries to Tesla. Previously, Tesla primarily mainly worked with Japan’s Panasonic Corp. and South Korea’s LG Chem to produce EV batteries. The lucrative deal with CATL followed months of negotiations, with Tesla Chief Executive Officer Elon Musk traveling to Shanghai to meet with CATL’s Chairman Zeng.

The CATL batteries will be installed in Model 3 sedans produced at Tesla’s new Shanghai factory. The first Model 3s made in China were delivered to customers in January of this year.

Although the coronavirus pandemic is putting a dent in EV sales, demand is expected to rebound in early 2021, said Zeng.

Car buyers holding back during the pandemic is creating pent-up demand that will be “unleashed” starting next year, led by premium electric vehicle models, he said. CATL’s other automotive customers include BMW and Toyota.

CATL is building a factory in Germany, which is expected to make more than 70% of BMW’s batteries, Zeng told Bloomberg. CATL also works with Volkswagen’s Audi unit. Zeng didn’t rule out building a plant in the U.S., although CATL has no specific plans for now.

“Our team has made achievements in competing with our global rivals in overseas markets,” Zeng said.

According to the 2020 Electric Vehicle Outlook report published by Bloomberg NEF (BNEF), electric vehicles are expected to rebound more from the economic slowdown caused by the coronavirus pandemic than combustion engine vehicles. 

Battery-powered cars will grow to be 8.1% of all vehicle sales in China next year, which accounts for the largest share of global EV sales, and to 5% in Europe, BNEF predicts.

“The pandemic may have a lasting effect throughout 2020, but won’t be a major factor next year,” Zeng said to Bloomberg. “We have great confidence for the long run.”

Batteries are the most expensive component of electric vehicles. If CATL becomes a major supplier to the auto industry, the batteries might make up a significant portion of the company’s future profits.

Shares of CATL have advanced about six-fold in Shenzhen since its IPO in 2018, giving the company a market value of about $47 billion. Tesla’s market cap topped $187 billion this week after its stock price exceeded $1,000 for the first time in company history. The surge in Tesla’s shares makes it the one of the world’s most valuable automakers, right behind Toyota.

Zang said a “trigger point” for electric cars will occur once they overtake gasoline-powered vehicles around 2030-2035.

By that time, CATL might become the world’s leading battery supplier.

SOURCE:https://m.futurecar.com/3975/Chinese-Battery-Maker-CATL-Says-its-Ready-to-Build-a-1-2-Million-Mile-EV-Battery-with-a-16-Year-Lifespan

Tags: , , , , , ,
Posted in All Recent Posts, Lomiko Metals | Comments Off on Chinese Battery Maker CATL Says its Ready to Build a 1.2 Million Mile EV Battery with a 16 Year Lifespan SPONSOR: Lomiko Metals $LMR.ca $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Mota Ventures $MOTA.ca Appoints Roger C. Clinton as Member of Advisory Board to Verrian GmbH, Its Psilocybin Research Subsidiary $SHRM $RVV $N $APH.ca $GBLX $PFE $WEED.ca $HIP.ca $WMD.ca

Posted by AGORACOM at 9:16 AM on Monday, June 15th, 2020

VANCOUVER, BC, CANADA / ACCESSWIRE / June 15, 2020 / Mota Ventures Corp. (CSE:MOTA)(FSE:1WZ1)(OTC PINK:PEMTF) (the “Company“) is pleased to announce the appointment of Roger C. Clinton, to the Advisory Board for its wholly owned subsidiary, Verrian GmbH. Clinton is active within the addiction treatment and specifically opiate addiction research sector, seeking to bring attention to the issue and enhance promising treatment options using psychedelics in conjunction with behavioral therapy through his global network.

“I’m honored to be working with the team at Mota in a patient first approach. We believe the work that we’re doing can be transformative in people’s lives as they work daily to overcome addiction,” said Roger Clinton.

On June 2nd, Mota announced the $20,000,000 acquisition of Verrian, a European pharmaceutical manufacturer of natural psilocybin extracts. Verrian is focused on psychedelic and cannabis treatments of opiate addiction. Clinton will play a vital role in advising and enhancing the patient perspective as well as helping to shape R&D efforts of our world-renowned addiction medicine experts, resulting in best of breed psychedelic derived treatments for the global marketplace.

Ryan Hoggan, Chief Executive Officer, stated “We’re honored to be working with Roger, an advocate for patient first treatment options. Roger’s work in advocacy for opiate addiction research will enhance MOTA’s research efforts and help to draw attention to our ground-breaking psychedelic research we as we jointly seek new treatments to help patients overcome addiction.”

ABOUT ROGER

Roger Cassidy Clinton is a true multi-hyphenate: singer-songwriter, voice-over artist, actor, author, up-close political observer (quite the understatement) and, arguably, one of the world’s biggest sports enthusiasts. He is also a living, inspiring story of recovery.

Roger, President Bill Clinton’s younger brother, is blessed with a spectacular group of friends from all walks of life, including the “who’s who” in the world of music, entertainment, sports (collegiate and professional) and, of course, politics. Working, associating and performing with people who have attained the highest levels of success in their professions has enabled Roger to forge priceless relationships that will last a lifetime. These relationships have brought him many unique, exciting experiences with more than a few once-in-a-lifetime opportunities.

Throughout it all, however, Roger has struggled with decades of alcohol and substance abuse that at one point left him clinically dead. Miraculously, medical personnel were able to revive Roger, and he improbably averted tragedy and survived. Through his personal, ongoing journey of recovery from a life complicated by addiction and trauma, Roger is grateful to have gained profound insight that he is privileged to share in order to help spread light and optimism with the world.

This press release is available for investor discussion on the Company’s AGORACOM Discussion Forum, a moderated social media platform that enables civilized discussion and Q&A between Management and Shareholders.

About Mota Ventures Corp.

Mota Ventures is an established eCommerce, direct to consumer provider of a wide range of natural health products including CBD and psychedelic medicine products in the United States and Europe. In the United States, the company sells a CBD hemp-oil formulation derived from hemp grown and formulated in the US through its Nature’s Exclusive brand. Within Europe, its Sativida brand of award winning 100% organic CBD oils and cosmetics are sold throughout Spain, Portugal, Austria, Germany, France, and the United Kingdom. In Germany, Verrian currently produces natural psilocybin extract capsules under the PSI GEN and PSI GEN+ brand. Mota Ventures is also seeking to acquire additional revenue producing CBD brands and operations in both Europe and North America, with the goal of establishing an international distribution network for CBD products. Low cost production, coupled with international, direct to customer, sales channels will provide the foundation for the success of Mota Ventures.

ON BEHALF OF THE BOARD OF DIRECTORS
MOTA VENTURES CORP.

Ryan Hoggan
Chief Executive Officer

For further information, readers are encouraged to contact Joel Shacker, President, at +604.423.4733 or by email at [email protected] or www.motaventuresco.com.

Tags: , , , , , , , , , , ,
Posted in All Recent Posts, Mota Ventures Corp. | Comments Off on Mota Ventures $MOTA.ca Appoints Roger C. Clinton as Member of Advisory Board to Verrian GmbH, Its Psilocybin Research Subsidiary $SHRM $RVV $N $APH.ca $GBLX $PFE $WEED.ca $HIP.ca $WMD.ca

Superintendent Robert Runcie and Music Superstar #FloRida Celebrate Broward County Public High Schools Graduates with Imagine AR $IP.ca Mobile Augmented Reality

Posted by AGORACOM-JC at 7:21 AM on Monday, June 15th, 2020
http://www.smallcapepicenter.com/imagine%20ar%20squre.jpg
  • Broward Education Foundation unveils “#2020gradsecret” with history-making AR technology that includes a special message from NBA legend Dwyane Wade
  • teamed up with ImagineAR Inc. (CSE: IP) (OTCQB: IPNFF) to create #2020gradsecret – an immersive augmented reality (AR) mobile experience for students graduating from Broward County Public Schools
  • Using the free ImagineAR app, grads are recording themselves in their homes accepting diplomas from Broward Schools Superintendent Robert Runcie, joining international music superstar Flo Rida for a congratulatory message or dancing with either one of them-and instantly sharing the videos on social media

FORT LAUDERDALE, Fla, June 15, 2020 - Broward Education Foundation teamed up with ImagineAR Inc. (CSE: IP) (OTCQB: IPNFF) to create #2020gradsecret – an immersive augmented reality (AR) mobile experience for students graduating from Broward County Public Schools. Using the free ImagineAR app, grads are recording themselves in their homes accepting diplomas from Broward Schools Superintendent Robert Runcie, joining international music superstar Flo Rida for a congratulatory message or dancing with either one of them-and instantly sharing the videos on social media. The interactive AR videos make it appear that Superintendent Runcie and Flo Rida are inside the graduate’s actual home. This AR experience has never been done before and is truly groundbreaking.  

“This futuristic ImagineAR augmented reality technology is a trip,” said Flo Rida. “I’m happy to help these graduates define a new way of celebrating and social interaction as they move on to the next chapter in their young lives.”

“In these unprecedented times of quarantining and social distancing, Broward Education Foundation wanted to make the Class of 2020’s graduation a very special and memorable experience,” said Shea Ciriago, executive director of Broward Education Foundation. “Keeping the #2020gradsecret launch under wraps for a month and a half has been a challenge because our grads are making history!”

An AR industry leader, ImagineAR’s advanced technology and free mobile app allows students to move, talk and interact with AR images of Superintendent Runcie and Flo Rida. The AR experiences are geo-targeted only to Broward County and grads choose from four customizable interactive experiences.

“ImagineAR’s mobile app allows graduates to view and record their own diploma presentation using AR. It literally looks like the Superintendent or Flo Rida are right next to these graduates, whether they’re in their living rooms, back yards or anywhere,” said Alen Paul Silverrstieen, CEO and president of ImagineAR. “We were thrilled to partner with Broward Education Foundation to bring this immersive technology to life- for the first-time ever and- for Broward’s graduating seniors.”

In addition to the custom immersive experiences, using the ImagineAR app, grads can point their phones at the #2020gradsecret social media sign to launch a very special video message from NBA legend and longtime Miami Heat superstar Dwyane Wade. Each of the more than 18,000 graduating seniors received a special Class of 2020 sign with their cap and gown packages, courtesy of Broward Education Foundation’s legacy partner and longtime supporter BrightStar Credit Union.

Dustin Jacobs, VP of marketing for BrightStar Credit Union said “Graduating from high school is an important right-of-passage. It’s very exciting to help Broward’s seniors experience it a whole new way.”

Metro Group Miami CEO Bruno Dede also has a long-standing relationship with Broward Education Foundation and stated “When the Foundation placed an order for graduation banners, we started brainstorming about social media signs and a lightbulb went off. I immediately connected them with ImagineAR, Flo Rida and Dwyane Wade.”

“Bruno set the wheels in motion and we ran with it,” said Pejay Ryan, director of marketing for Broward Education Foundation. “Since something like this has never, ever been done before, we created our own AR launch roadmap. We designed social media signs, QR codes, 2020gradsecret.com website, instructions, and crafted scripts and copy. With the help of the great team at BECON, we directed and shot the green screen footage of Mr. Runcie and Flo Rida for the AR content available only in Broward County with the ImagineAR app.”

Broward County Public Schools graduates are encouraged to post their videos on social media tagging their school and #2020GradSecret. One student in each of the four AR experience categories will be awarded $200 from Broward Education Foundation in a “who did it best” contest.

“When Broward Education Foundation proposed this idea that would allow students to video themselves receiving their diploma and more, in their own homes, it occurred to me how truly great things are often born from challenging situations,” said Broward Schools Superintendent Robert Runcie. “This technology is mind-blowing. Thank you to Broward Education Foundation, ImagineAR, BrightStar Credit Union, MetroGroup Miami and Think First Consulting Group for making the #2020gradsecret a reality.”

About Broward Education Foundation:
The nonprofit Broward Education Foundation aligns with Broward County Public Schools by providing grants for teachers who develop innovative curriculum that increases student outcomes; vitally needed school supplies for students and teachers in Title I schools; scholarships for qualified high school seniors; and support for programs and initiatives like Debate, Scholastic Chess, TurnAround Arts, STEM and more.  Each year, Broward Education Foundation contributes more than $3 million to Broward County schools, serving as the catalyst for educational excellence.

In 2018, and responding to the Stoneman Douglas High School tragedy, Broward Education Foundation initiated a GoFundMe, established the official Stoneman Douglas Victims’ Fund and raised $10.5M for victims’ families, survivors and those impacted. Broward Education Foundation is proven agile, adept and responsive to shifting needs in education and our community.

For more information visit Broward Education Foundation, email [email protected], like or follow us on Facebook or Twitter.

About ImagineAR:
ImagineAR Inc. (CSE: IP) (OTC: IPNFF) is an augmented reality (AR) platform, ImagineAR.com, that enables businesses of any size to create and implement their own AR campaigns with no programming or technology experience. Every organization, from professional sports franchises to small retailers, can develop interactive AR campaigns that blend the real and digital worlds. Customers simply point their mobile device at logos, signs, buildings, products, landmarks and more to instantly engage videos, information, advertisements, coupons, 3D holograms and any interactive content all hosted in the cloud and managed using a menu-driven portal. Integrated real-time analytics means that all customer interaction is tracked and measured in real-time. The AR Enterprise platform supports both IOS and Android mobile devices and upcoming wearable technologies.

For more information or to explore working with Imagination Park, please email: [email protected], or visit www.imagineAR.com.

All trademarks of the property of respective owners.

ON BEHALF OF THE BOARD

Alen Paul Silverrstieen
President & CEO
(818) 850-2490
https://twitter.com/IPtechAR
https://www.facebook.com/imaginationparktechnologies
https://www.instagram.com/iptechar
https://www.linkedin.com/company/imagination-park-technologies-inc

We encourage you to do your own due diligence and ask your broker if Imagination Park Entertainment Inc. (cse: IP) is suitable for your particular investment portfolio*.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release. This press release may include ‘forward-looking information’ within the meaning of Canadian securities legislation, concerning the business of the Company. The forward-looking information is based on certain key expectations and assumptions made by Imagine AR Inc.’s management. Although Imagine AR 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 because Imagine AR can give no assurance that it will prove to be correct. These forward-looking statements are made as of the date of this press release, and Imagine AR 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.

Tags: , , , , , ,
Posted in Featured, Imagine AR | Comments Off on Superintendent Robert Runcie and Music Superstar #FloRida Celebrate Broward County Public High Schools Graduates with Imagine AR $IP.ca Mobile Augmented Reality

VIDEO: Bet on #Shroomz, #Esports, #AR, #Blockchain & #Gold with Warren Buffet of Canada – ThreeD Capital $IDK.ca $IP.ca $GMBL

Posted by AGORACOM-JC at 7:23 PM on Sunday, June 14th, 2020

ThreeD Capital Inc. (CSE:IDK) is a venture capital firm focused on opportunistic investments in companies in the Junior Resources, Artificial Intelligence and Blockchain sectors.  ThreeD seeks to invest in early stage, promising companies and ICOs where it may be the lead investor and can additionally provide investees with advisory services, mentoring and access to the Company’s ecosystem.

https://youtu.be/Z4iNo1N7CZ0

Tags: , , , , ,
Posted in Blockchain stocks, Canadian Blockchain Stocks, Esports Entertainment Group, Esports Entertainment Group Inc., Imagine AR, ThreeD, ThreeD Capital | Comments Off on VIDEO: Bet on #Shroomz, #Esports, #AR, #Blockchain & #Gold with Warren Buffet of Canada – ThreeD Capital $IDK.ca $IP.ca $GMBL

VIDEO: $HPQ.ca Silicon Signs 2nd NDA For Its #Silicon To Be Used In Energy Storage Application $PYR.ca $DUK $XEL $NEE

Posted by AGORACOM-JC at 7:07 PM on Sunday, June 14th, 2020

When a globally renowned technology partner – who supplies plasma torch technology to US Aircraft Carriers – says the following about your company, you are forced to stand up and take notice:

“We never thought, when we first embarked on this project, that we would be developing game-changing technology sought after by the Lithium-ion battery market.”

– Peter Pascali, President and CEO of PyroGenesis Canada Inc. 
There is no shortage of small cap companies claiming they want to supply materials to the Lithium-Ion battery market …. but only one of them is pursuing the material that can increase capacity by as much as 10X ….. Silicon.  

HPQ Silicon (HPQ:TSXV) isn’t just pursuing Silicon, they are on the verge of providing the market with multiple high-value silicon products sought after by Corporations building the next generation of Lithium-ion batteries, including not one but TWO (2) undisclosed companies that are already under NDA with HPQ Silicon.

One of the best parts?  HPQ Silicon doesn’t have to worry about capital expenditure barriers that come with mining battery metals …. because Silicon is manufactured and HPQ has a patented process to manufacture Silicon at some of the lowest prices in the world.  A process that is fully funded all the way through to their pilot plant launching this year. 

If you believe in a future driven by electric vehicles and renewable energy, grab your favourite beverage and watch this video interview with CEO Bernard Tourillon.

Watch this interview or listen by Podcast on Apple, Google, Spotify or your favourite podcaster.

Tags: , , , ,
Posted in AGORACOM Via Satellite, Featured, HPQ-Silicon Resources Inc. | Comments Off on VIDEO: $HPQ.ca Silicon Signs 2nd NDA For Its #Silicon To Be Used In Energy Storage Application $PYR.ca $DUK $XEL $NEE

#TODAQ Joins Meyer Shank #Racing for 2020 #IMSA Season – SPONSOR: ThreeD Capital $IDK.ca #Toda $IP.ca $IPNFF $GMBL

Posted by AGORACOM-JC at 8:19 AM on Saturday, June 13th, 2020

SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based venture capital firm that only invests in best of breed small-cap companies which are both defensible and mass scalable. More than just lip service, Inwentash has financed many of Canada’s biggest small-cap exits. Click Here For More Information.

———————————————————–

First sponsorship of its kind utilizing the TODA Note (‘TDN’), a digital payment and loyalty asset

Pataskala, Ohio (12 June 2020) – Although the IMSA WeatherTech SportsCar Championship season has been delayed due to the global COVID-19 pandemic, Meyer Shank Racing continues to work hard behind the scenes and is excited to welcome sovereignty tech pioneer TODAQ (‘TO-DA-Q’) onboard the No. 57 Heinricher Racing with Meyer Shank Racing entry. 

With the IMSA season set to restart on July 4th at Daytona International Speedway, the Meyer Shank Racing team is ready to get back to sports car action. Misha Goikhberg and Alvaro Parente are set to get back behind the wheel of the No. 57 Heinricher Racing with Meyer Shank Racing Acura NSX GT3 with an all new partner on board. 

TODAQ, the global fintech provider based out of Toronto, Seoul and Dubai, joins Meyer Shank Racing in a partnership that will be the first of its kind.  TODAQ is an efficient supplier of secure digital title, custody, and P2P transaction settlement solutions across the full lifecycle of high-value digital assets including commodities, currencies, auto, transport safety regulation, recycling and carbon.

Through its deeptech data and internet protocols named ‘TODA’ and ‘Adot’ – users of TODAQ’s solutions benefit from strong ownership of their own identity and assets, the ability to securely trade peer to peer, and absolute clarity on the ‘chain of title’ of everything they own.

“We’re really excited to have TODAQ come onboard for the 2020 IMSA season,” said co-owner Mike Shank. “Misha (Goikhberg) has worked hard to develop this partnership with TODAQ and MSR. It’s a truly innovative partnership deal that we’re excited to represent on track. It’s been five months since we raced at Daytona for the Rolex 24, so we’re eager to get back on track to restart the IMSA season.”

“We’re honored to support the Meyer Shank Racing team and this great championship series,” agreed Hassan Khan, CEO and co-founder of TODAQ. “From America to Asia, we’ve deliberately moved into the auto space from the commodities that form batteries and tires to supporting efficient and sustainable transport regulation at a national scale. For us, the Acura NSX, Misha (Goikhberg), Alvaro (Parente) and their support team is symbolic of all those elements coming together on the road.” 

The second round of the IMSA WeatherTech SportsCar Championship will head back to Daytona International Speedway for the WeatherTech 240 on July 4th.

Source: http://www.michaelshankracing.com/index.php/2020/06/12/todaq-joins-meyer-shank-racing-for-2020-imsa-season/

Tags: , , , , , , , , ,
Posted in All Recent Posts, Bitcoin, Blockchain stocks, Canadian Blockchain Stocks, Smallcap Blockchain stocks, ThreeD, ThreeD Capital, TODAQ | Comments Off on #TODAQ Joins Meyer Shank #Racing for 2020 #IMSA Season – SPONSOR: ThreeD Capital $IDK.ca #Toda $IP.ca $IPNFF $GMBL

MedX Health Corp. $MDX.ca Announces 2019 Year End Results

Posted by AGORACOM-JC at 5:08 PM on Friday, June 12th, 2020
Home - MedX Health
  • Company reported revenue of $860,248 for the year ended December 31, 2019

MedX Health Corp. (“MedX” or the “Company”) (TSX-V: MDX) announced its results for the year ended December 31, 2019, which are also available on SEDAR (www.sedar.com).

The Company reported revenue of $860,248 for the year ended December 31, 2019, compared with revenue of $1,087,426 for the year ended December 31, 2018. Sales were lower in 2019 from both its SIAscopy skin assessment technology and therapeutic laser product lines. The Company reported a loss for the year ended December 31, 2019 of $3,276,350 or $0.02 per share compared with a loss of $4,186,573, or $0.03 per share for the year ended December 31, 2018.

For the three months ended December 31, 2019, the Company reported revenue of $181,362, compared with revenue of $275,193 reported in the three-month period in 2018. Revenue was higher than 2018 for the SIAscopy product line in the fourth quarter, while sales of therapeutic lasers were lower for the three-month period. The loss for the three months ended December 31, 2019 was $1,189,458, or $0.00 per share, compared with a loss of $1,015,240, or $0.01 per share for the three-month period ended December 31, 2018.

“The Company reduced spending during 2019 and was able to lower the loss for the year despite a decline in sales, particularly towards the end of the year,” noted Scott Spearn, CEO of MedX. “We are actively working with a number of partners to build revenue from the investment we made in our SIAscopy on DermSecure™ telemedicine platform, that is beginning to gain awareness in significant markets, and the capital we have raised to date in 2020 will enable us to capitalize on these opportunities in 2020 and beyond. While very positive about our future, we have experienced the impact from COVID-19 to date in 2020, particularly with respect to lower sales of our therapeutic laser products, and there is uncertainty as to the timing and extent of its impact during the remainder of 2020,” Mr. Spearn continued.

About MedX

MedX, headquartered in Mississauga, Ontario, is a leading medical device and software company focused on skin health with its SIAscopy on DermSecure™ telemedicine platform, utilizing its SIAscopy™ technology. SIAscopy is also imbedded in its products SIAMETRICS™, SIMSYS™, and MoleMate™, which MedX manufactures in its ISO 13485 certified facility. SIAMETRICS™, SIMSYS™, and MoleMate™ include hand-held devices that use patented technology utilizing light and its remittance to view up to 2 mm beneath suspicious moles and lesions in a pain free, non-invasive manner, with its software then creating real-time images for physicians and dermatologists to evaluate all types of moles or lesions within seconds. These products are Health Canada, FDA, TGA and CE cleared for use in Canada, the US, Australia, New Zealand, the European Union, Brazil and Turkey. MedX also designs, manufactures and distributes quality photobiomodulation therapeutic and dental lasers to provide drug-free and non-invasive treatment of tissue damage and pain. www.medxhealth.com.

This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of applicable Canadian securities legislation. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company’s limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company’s projections or forward-looking statements. All forward looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20200612005534/en/

Scott Spearn, President and CEO
MedX Health Corp
905-670-4428 ext 229

Tags: , , , , , , ,
Posted in MedX Health Corporation | Comments Off on MedX Health Corp. $MDX.ca Announces 2019 Year End Results

Vale’s Canada Mines Set For More Battery-Electric Vehicle Trials SPONSOR: Lomiko Metals $LMR.ca $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM at 1:25 PM on Friday, June 12th, 2020

SPONSOR: Lomiko Metals is focused on the exploration and development of minerals for the new green economy such as lithium and graphite. Lomiko has an option for 100% of the high-grade La Loutre graphite Property, Lac Des Iles Graphite Property and the 100% owned Quatre Milles Graphite Property. Lomiko is uniquely poised to supply the growing EV battery market. Click Here For More Information

  • These trials will help steer business investment decisions in future years
  • The benefits from trials so far include:
  • Health and safety improvements for employees underground: EVs are much quieter than diesel vehicles and produce less heat and zero exhaust emissions. “From an operator comfort perspective, EVs are certainly an improvement,”
  • Cost savings: EVs can reduce underground ventilation demands and the associated operating and capital expenditure
  • Environmental benefits: EVs contribute to the reduction of greenhouse gas emissions.

By the end of 2020, Vale hopes to have upward of 20 battery-powered vehicles operating within its North Atlantic operations, according to Alex Mulloy, Mining Engineer within Vale’s Base Metals Technology and Innovation division.

The plan is for the electric vehicles (EVs) to be operating on a trial basis at its Creighton, Coleman, Copper Cliff, Garson and Thompson mines by the end of the year, with the company having already made significant headway on achieving this goal.

Vale is aligned with the Paris climate-change agreement, and committed to being carbon neutral by 2050, with a 33% cut in greenhouse gas emissions planned across the company by 2030. This is part of a strategy to invest at least $2 billion to combat climate change, which includes the use of battery-electric vehicles.

Vale has already tested Rokion’s battery-powered personnel carriers/utility vehicles at Creighton, while an Epiroc ST7 battery-powered vehicle and Artisan Z40 haul truck have been trialled underground at Coleman.

Mulloy said the green vehicles are going to be evaluated with feedback from operations, as well as operating data, to help Vale understand how they perform in terms of reliability, functionality and the benefits they can offer our people and the business.

The benefits from trials so far include:

  • Health and safety improvements for our employees underground: EVs are much quieter than diesel vehicles and produce less heat and zero exhaust emissions. “From an operator comfort perspective, EVs are certainly an improvement,” Mulloy said;
  • Cost savings: EVs can reduce underground ventilation demands and the associated operating and capital expenditure; and
  • Environmental benefits: EVs contribute to the reduction of greenhouse gas emissions.

“EVs certainly complement the efforts of the business in terms of greenhouse gas and carbon reduction,” Mulloy said. “It’s a great technology. Not only does it enable operational benefit and improvement, it also contributes to our greater goals of reducing our emissions and the impact on the environment.”

Natalie Kari, Principal Engineer, Strategic Electric Vehicle Implementation, said: “Exhaust emissions from diesel engines are one of the larger contributors to environmental pollution. EVs are an opportunity to increase safety by improving operating conditions and creating a safe work environment. Reducing noise, vibrations, heat, greenhouse gas emissions, and diesel particulate matter, while improving air quality, contributes to creating an attractive work environment for top talent.

“With increased challenging mine conditions at depth, EVs also provide an opportunity to sustain productivity by enabling mines to produce in areas that otherwise may not be feasible without these benefits, contributing towards mining for years to come.”

These trials will help steer business investment decisions in future years, according to Mulloy.

“Over the coming months, a number of large prime mover vehicles will be delivered,” he said. “When those vehicles arrive, it will be an exciting step in the journey because most of the question marks around the performance of EVs relate to the large vehicles, so that’ll be a chance for us to really put this technology to the test.”

Kari added: “Our company’s next major steps include collaborating with internal and external industry stakeholders towards safe implementation, comprehensive trial data collection and validation of a robust model towards a final approved five-year implementation strategy. With any new technology, investment in our people will be a priority to ensure they are equipped with the tools necessary for successful operation and maintenance.

“It is thrilling to be a part of leading this effort in a time of increased innovation and environmental awareness,” she continued. “The movement from traditional diesel to electric vehicle brings a feeling of social pride in creating a healthier workplace.”

SOURCE: https://im-mining.com/2020/06/11/vales-canada-mines-set-battery-electric-vehicle-trials/

Tags: , , , , , , , ,
Posted in All Recent Posts, Lomiko Metals | Comments Off on Vale’s Canada Mines Set For More Battery-Electric Vehicle Trials SPONSOR: Lomiko Metals $LMR.ca $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Datametrex $DM.ca Received the Final Payment on Completed Shipping of COVID-19 Test Kit Order

Posted by AGORACOM-JC at 8:38 AM on Friday, June 12th, 2020
  • Company has received the full and final payment from its purchaser and completed shipping the first purchase order of COVID-19 test kits for a mining company employees in multiple jurisdictions outside of Canada, as announced on May 15th 2020
  • The total gross sales amount is approximately $500,000 CDN, excluding shipping

TORONTO, June 12, 2020 — Datametrex AI Limited (the “Company” or “Datametrex“) (TSXV: DM, FSE: D4G, OTC: DTMXF) is pleased to announce that the Company has received the full and final payment from its purchaser and completed shipping the first purchase order (the “PO”) of COVID-19 test kits for a mining company employees in multiple jurisdictions outside of Canada, as announced on May 15th 2020.

The total gross sales amount is approximately $500,000 CDN, excluding shipping.

Under the terms of the PO, Datametrex sold to the purchaser an initial 10,000 units of the iONEBIO Inc. iLAMP Novel-CoV19 Detection Kit; 10,000 3 mL Universal Transport Medium (UTM®) Sterile Swabs with 16x100mm Skirted Tubes with Plastic Red Capture Caps, and 1 Real-Time PCR Detection System machine to analyze the samples. The iONEBIO test kits provide results within approximately 15 to 20 minutes.

All of the items are shipped directly from manufacturers to the purchaser’s mine operating sites. Security clearance backlogs continue to streamline as Governments align with the World Health Organization’s remarks on the importance of testing. Governments have urged mining companies to implement testing and screening their workforce to properly fight the virus in order to avoid further closures.

“The opportunity to use an advanced COVID-19 testing kits from our partners from Korea to support the diagnostic potential for populations provides an exciting opportunity for countries during this pandemic and the African continent,” says Marshall Gunter, CEO of the Company. “Datametrex is honored to be assisting in the health and welware of mine employees and local contractors.”

According to Africa Centres for Disease Control and Prevention (the “Africa CDC”), there are over 150,000 cases of COVID-19 throughout Africa and with this, Researchers at the African Center of Excellence for Genomics of Infectious Diseases (the “ACEGID”) and other research and public health partners, have announced to implement a Sentinel Project (the “Sentinal”) surveillance protocol for an early warning system in Africa. The Sentinel is the first of eight new projects selected, and it has three pillars are: (1) detect, (2) connect and (3) empower. And in the third pillar, the project will empower public health experts by training thousands of healthcare professionals to use the sentinel tools and deploy the diagnostic technologies for population-level COVID-19 testing, building on previous experiences of ACEGID and the Broad Institute in training over 900 individuals from around the world.

Datametrex’s mission is to provide tools that support companies in fulfilling their operational Health and Safety goals with predictive and preventive technologies. By working with companies to set a new standard of protocols through Artificial Intelligence and health diagnostics, the Company provides progressive solutions to support the supply chain.

About Datametrex

Datametrex AI Limited is a technology focused company with exposure to Artificial Intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com).

Additional information on Datametrex is available at www.datametrex.com

For further information, please contact:

Marshall Gunter – CEO
Phone: (514) 295-2300
Email: [email protected]

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

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy.

Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

Tags: , , , , , ,
Posted in Datametrex AI Limited | Comments Off on Datametrex $DM.ca Received the Final Payment on Completed Shipping of COVID-19 Test Kit Order

« Older Entries
Newer Entries »