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NEAH Power Systems to Provide Energy Solutions For Global Security and Defense

Posted by AGORACOM-JC at 7:40 AM on Friday, June 5th, 2015

  • Enters into Teaming Agreement for Global Business Development and System Integration, and Negotiations Related to Product Distribution and Sales with Clear Path Technologies, Inc.
  • Main focus of business development effort undertaken with the Teaming Agreement is to jointly pursue security and defense business with the U.S. Department of Defense, U.S. Department of Homeland Security and U.S. Department of Energy, as well as with foreign government counterparts within regions where Clear Path has established strong relationships, including the Middle East, Africa and Asia Pacific Region

BOTHELL, Wash., June 5, 2015 — NEAH Power Systems, Inc. (OTCBB: NPWZ) (OTC: NPWZ) (the “Company”) and Clear Path Technologies (‘Clear Path’) announced today that they have entered into a Teaming Agreement for business development and system integration, and a Memorandum of Understanding (MOU) for the distribution, resale, and support of the Company’s products, including its Formira HODTM (Hydrogen On Demand) fuel cell to the growing global security and defense market.

The main focus of business development effort undertaken with the Teaming Agreement is to jointly pursue security and defense business with the U.S. Department of Defense, U.S. Department of Homeland Security and U.S. Department of Energy, as well as with foreign government counterparts within regions where Clear Path has established strong relationships, including the Middle East, Africa and Asia Pacific Region. Under the Teaming Agreement, Clear Path has also agreed to support NEAH Power with expert systems integration, engineering, technical and operational support.

The MOU entered into by NEAH Power and Clear Path provides the framework and terms by which a Distribution and Reseller Agreement will be executed. Said agreement will include definitive terms related to the distribution, sales, marketing and support of NEAH Power’s products in select regions and is expected to provide NEAH Power with expansive distribution and sales channels and high-level access to governmental agencies and commercial end users.

“We are excited to team with Clear Path to develop and support new commercial opportunities in the U.S. Government and in geographical regions in which we are not currently actively engaged,” said Dr. Chris D’Couto, President and CEO of Neah Power Systems, Inc. “With their expert management, strong commercial presence, unique system integration capabilities, and valuable geographical footprint, I am confident that together we will build relationships and the distribution and sales infrastructure that will establish a global market for NEAH Power’s products.”

As part of this collaboration, Clear Path has already identified substantial demand for NEAH Power’s product offerings for remote power applications in homeland defense projects through theMiddle East, Asia-Pacific and East Africa, and humanitarian efforts such as refugee camps and natural disaster response. Clear Path will work with NEAH Power to deliver a robust, reliable fuel cell system that will tolerate the conditions that systems experience in forward positions located in challenging environmental conditions, such that security and defense customers can unconditionally connect communications equipment, shelters, and control and surveillance electronics to NEAH Power’s systems.

“Based on feedback from some of the most experienced specialist and system engineers, we see NEAH’s Formira HODTM as an ideal, cost-effective, logistically viable solution for providing dependable remote power,” stated Roger Spillmann, President and CEO of Clear Path Technologies, Inc. “I believe NEAH’s fuel cell technology provides the most energy dense solution to power advanced, mission-critical sensor platforms that employs a safe liquid fuel which is readily available and can be easily transported, with less frequency. This makes it an optimal energy source to provide highly-dependable, portable, power in remote off-grid areas, notwithstanding addressing the power requirements of other military and commercial applications”

“In military applications, for example, the Formira HODTM will have a very significant impact and not only improve force protection by powering advanced sensors and equipment otherwise unavailable for lack of sufficient power, but also address the high expense, and control the risk of supply chain failure, that comes with frequent transporting of fuel to forward positions,” added Roger Spillmann. “For this reason alone, we believe the Formira HODTM system will result in more successful missions and prove invaluable to our customers.”

About Neah Power Systems, Inc

Neah Power Systems, Inc. is an innovator and supplier of cutting-edge power solutions for the military, transportation and portable electronics industries. Neah Power’s long-lasting, efficient, and safe solutions include patented and patent pending PowerChip®, Formira® and the BuzzBar Suite® of products. Most recently, Neah Power Systems was a 2012 ZINO Green Finalist, 2010 WTIA Finalist, and 2010 Best of What’s New Popular Science Award. For more information visitwww.neahpower.com.

About Clear Path Technologies, Inc.

Clear Path Technologies is a leader in advanced detection and identification sensors, and manufacturers of portable and robot-borne detectors incorporating its Atometry technology, which allow for non-invasive, non-destructive confirmatory detection of threat materials and other illicit substances. Clear Path’s Security Solutions Group provides customers with comprehensive security consulting, system design, training and support services. CPT Security Solutions comprises industry leading security and defense consultants, engineers and technologists. Clear Path’s team includes experts in military, commercial, and industrial solutions, with each security consultant having 20+ years of global experience in system design and systems integration. For more information visit http://www.clear-path-tech.com/

Forward Looking Statements

Certain of the statements contained herein may be, within the meaning of the federal securities laws, “forward-looking statements,” which are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, and the Company does not undertake any responsibility to update any of these statements in the future. Please read Neah Power System’s Form 10-K for the fiscal year ended September 30, 2014 and its Quarterly Reports on Form 10-Q filed with the SEC during fiscal 2015 for a discussion of such risks, uncertainties and other factors.

For more information please contact the Company at 
David Schmidt, CFO
[email protected] 
+1-425-424-3324 ext. 110

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Newnote Financial Message from the President

Posted by AGORACOM-JC at 9:07 AM on Thursday, June 4th, 2015

PayIvy.com Acquisition Highlights:

  • Over 20,000 merchants selling digital products online
  • 5000+ new merchants per month
  • Processing over $300,000 a month in transactions
  • Financially self-sustaining and profitable
  • Closest competitor is Fiverr.Com which has raised $50 million to date

Vancouver, British Columbia (FSCwire) – Newnote Financial Corp. (the “Company”), (CSE: NEU; OTCQB: NWWTF; FSE: 1W4) President and CEO Paul Dickson reports: I am pleased to provide this brief update as we work to improve shareholder satisfaction from one of Canada’s only publicly traded companies engaged in the development and support of services related to crypto-currencies.

Over the past few months we have added key individuals to the executive team and retained top senior developers to bring our new and existing services to fruition. We have acquired PayIvy.com and Cointrader.net, both of which have positioned Newnote to be the beneficiary of significant financial gain and profitability.

In light of the recent billion dollar Shopify.com IPO, our very own 100% owned merchant store builder PayIvy.com went virtually unnoticed when acquired by Newnote in May. We are confident that PayIvy will be a major contender within the merchant services space due to the compelling statistics noted below.

PayIvy.com Acquisition Highlights:

  • Over 20,000 merchants selling digital products online
  • 5000+ new merchants per month
  • Processing over $300,000 a month in transactions
  • Financially self-sustaining and profitable
  • Closest competitor is Fiverr.Com which has raised $50 million to date
  • Hockey stick growth in past 2 months
  • Additional monetization methods coming soon

The Cointrader.net acquisition has presented us with many opportunities as we continue its development. We have been very pleased with its growth and have a strategy in place to grow revenue substantially by year end. Recently announced partnership with Rebit.ph enables users to send funds from Canada to countries such as the Philippines, South Africa, Mexico, and Kenya among others.

Cointrader.net Acquisition Highlights:

  • One of Canada’s Leading Bitcoin Exchanges
  • $18.9 million exchanged in 2014
  • Over $500,000 in revenue for 2014
  • 11,000 active users in Canada
  • 1,000 new users per month
  • 100% insured deposits
  • 1,000 POS and ATMs connected
  • Instant Bank Transfers via Interac Online
  • Remittance services to 10 countries
  • Integrations with Vogogo, Taype International, Coinpayments and Interac Online

In October of 2014, Newnote acquired a 20% equity position in Coinpayments.com, the world’s 3rd largest crypto-currency payment processor. At that time, Coinpayments had 7500 merchants and no fiat conversion. Over the past 8 months Coinpayments has continued to grow and evolve and has more than doubled its merchants. Coinpayments remains a privately held company and no independent valuation has been released at this time.

With Cointrader.net, PayIvy.com, and Coinpayments.com under our umbrella, Newnote’s developers are working to integrate our services into a complete eco-system where any individual can open a store in minutes on PayIvy.com; accept 50+ different crypto-currencies through Coinpayments.com, automatically convert those crypto-currencies into fiat and deposit them directly into their bank account through Cointrader.net. With Cointrader’s advanced API and brokerage solution, existing currency exchangers can offer USD/BTC and CAD/BTC currency conversion with additional currency pairs coming soon. These incredibly powerful tools will enable people from all corners of the world to participate in the digital currency revolution and we’re very excited to be a part of it.

In an effort to reduce advertising costs for promoting Newnote services, the Company acquired BitVisits.com in April 2015. BitVisits is a Paid-to-Surf advertising platform that allows its users to earn Bitcoin for viewing websites. At the time of purchase, BitVisits had 12,000 active web surfers generating thousands of page views per day. Today, BitVisits has over 20,000 web surfers — adding over 6000 new users in two months. BitVisits generates revenue from advertisers and accounts for up to 40% of referral traffic on Newnote services.

During the past year, Newnote has made several achievements within this emerging sector and has stayed focused on the task at hand; namely, we are creating and identifying great products and services while increasing shareholder value and having a positive impact on the digital finance sector as a whole.

Newnote Financial Highlights:

  • Distributed thousands of custom cold storage Bitcoin wallets
  • Designed and launched the world’s first gold backed crypto-currency

IndependenceCoin for client AnthemVault

  • Acquired one of the leading Bitcoin exchanges in Canada, Cointrader.net
  • Acquired a leading merchant services asset, PayIvy.com
  • Acquired an equity position in top crypto payment processor, Coinpayments.com
  • Acquired CoinExchange Bitcoin Trading App for Android devices
  • Acquired Advertising platform BitVisits.com
  • Secured an expert executive and development team
  • Positioned itself to be profitable in 2016 and going forward

Newnote intends to stay the course by continuing to create, innovate and pursue our vision of providing leading edge services, within our specialized space, while offering investors exposure to what may certainly be the most significant change in finance in the past 100 year’s.

About Newnote Financial Corp.

Newnote Financial Corp. is pioneering innovative crypto-currency and Bitcoin related software products and services geared at the growing business segment of this bourgeoning market. The Company owns and operates the Cointrader.net Bitcoin Exchange, PayIvy.com Online Store Builder, CoinExchange Android App, BitVisits.com Paid-to-Surf Advertising Platform, Bitcoin ATM Machines in London, Tokyo and Vancouver in addition to several other crypto-currency related assets. Newnote has positioned itself to be a leading contender in delivering opportunities to startup businesses world-wide and continues to create new opportunities for its clients and its shareholders. Newnote has a clear vision on the direction in which this new and unique business is headed and is continually adjusting and adopting new business practices in both technology and the policies & procedures required by banks and securities regulators.

Newnote Financial Contact Information

Paul Dickson

President, CEO & Director

Newnote Financial Corp.

CSE: NEU; OTCQB: NWWTF; FSE: 1W4

Suite 709-700 West Pender Street

Vancouver, BC V6C 1G8

Phone: 604-229-0480

Fax: 604-685-3833

web: www.newnote.com – www.cointrader.net – www.payivy.com

Cautionary note: This report may contain forward-looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Unless otherwise stated, any and all resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward-looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as “reserves” unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/newnote06042015_2.pdf

Source: Newnote Financial Corp. (CSE:NEU, OTC Pink:NWWTF)http://www.newnote.com/

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DuSolo Secures Multi-Year DANF Sales Contract for Proceeds Totaling C$5.5M

Posted by AGORACOM-JC at 8:17 AM on Thursday, June 4th, 2015

  • Entered into a two-year, 60,000 tonne sales contract (30,000 tonnes per year for its 15% P2O5 Direct Application Natural Fertilizer (“DANF”) product with a local Brazilian fertilizer distributor 
  • Over the term of the Contract, the Buyer has agreed to pay BRL230 per tonne for total proceeds of BRL13,800,000 or approximately C$5,500,000 (all figures as per the June 3, 2015 exchange rate).

VANCOUVER, BRITISH COLUMBIA–(June 4, 2015) – DuSolo Fertilizers Inc., (TSX VENTURE:DSF)(OTC PINK:ELGSF)(FRANKFURT:E6R) (“DuSolo” or “the Company”) is pleased to announce that it has entered into a two-year, 60,000 tonne sales contract (30,000 tonnes per year) (the “Contract”) for its 15% P2O5 Direct Application Natural Fertilizer (“DANF”) product with a local Brazilian fertilizer distributor (the “Buyer”). Over the term of the Contract, the Buyer has agreed to pay BRL230 per tonne for total proceeds of BRL13,800,000 or approximately C$5,500,000 (all figures as per the June 3, 2015 exchange rate).

“We are happy to be entering into yet another significant sales contract for this planting season,” said Eran Friedlander, President and CEO of DuSolo. “Being the sole local supplier of DANF in the region, our product is in demand as it offers local farmers a high quality fertilizer at competitive prices. We are currently in negotiations with a number of local agri-businesses for our DANF product and expect to announce more sales contracts in the coming weeks.”

The Buyer has made an advance payment of BRL115,000 or approximately C$45,600 for immediate delivery of 500 tonnes of DANF product. The Buyer has further committed to pay BRL575,000 or approximately C$228,500 for an additional 2,500 tonnes of DANF product, to be delivered by July 1, 2015.

This year the Company has secured the following sales contracts: 40,000 tonnes for approximately C$4,400,000 (announced January 12, 2015), 10,000 tonnes for approximately C$1,300,000 (announced April 7, 2015) and 1,100 tonnes for approximately C$102,000(announced April 21, 2015). In total, DuSolo has sales contracts in place for 81,100 tonnes of DANF product totaling approximately C$8,500,000 for the 2015 planting season, and an additional 30,000 tonnes for the 2016 planting season.

ABOUT DUSOLO

DuSolo Fertilizers Inc. is focused on developing a fully integrated process to produce phosphate based fertilizers within the Cerrado region of Brazil as part of a nationwide effort, incentivized by the government, to increase supply of domestically sourced fertilizers and achieve agricultural self sufficiency.

The Company’s shares are publicly traded on the TSX Venture Exchange under the symbol DSF, on the OTC Pink Sheets under the symbol ELGSF and on Frankfurt Stock Exchange under the symbol E6R.

On behalf of the Board of Directors

DuSolo Fertilizers Inc.

Eran Friedlander, President and CEO

Forward-looking statements

Certain information contained in this press release constitutes “forward-looking information”, within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur”, “be achieved” or “has the potential to”. Forward-looking statements contained in this press release may include statements regarding the future operating or financial performance of DuSolo which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and DuSolo disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

Disclosure

The Company is not basing its decision to begin production of DANF on a feasibility study of mineral reserves demonstrating economic and technical viability. Without a technical report demonstrating economic and technical viability, there is increased uncertainty as to whether DuSolo will be able to economically produce DANF products and as to whether DuSolo will be confronted with any unforeseen technical impediments. Similarly, the Company has not completed a preliminary economic assessment before making production and project expansion decisions.

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

DuSolo Fertilizers Inc.
Eran Friedlander
President and CEO
(604) 272-7157
[email protected]
www.DuSolo.com

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KWG Reports Progress of Claims Hearings

Posted by AGORACOM-JC at 10:59 AM on Thursday, May 28th, 2015

  • Subsidiary Canada Chrome Corporation (“KWG/CCC”) has filed the materials required to perfect its appeal at the Ontario Court of Appeal. A hearing date will be scheduled by the Court’s Registrar
  • Respondent 2274659 Ontario Inc. and the intervenor the Minister of Northern Development and Mines will have until June 29, 2015 to file responding materials if they elect to do so

TORONTO, ONTARIO–(May 28, 2015) – KWG Resources Inc. (CSE:KWG)(FRANKFURT:KW6)reports that its subsidiary Canada Chrome Corporation (“KWG/CCC”) has filed the materials required to perfect its appeal at the Ontario Court of Appeal. A hearing date will be scheduled by the Court’s Registrar.

The respondent 2274659 Ontario Inc. and the intervenor the Minister of Northern Development and Mines will have until June 29, 2015 to file responding materials if they elect to do so. 2274659 Ontario Inc. was formerly a subsidiary of Cliffs Natural Resources Inc. (“Cliffs”) and is now wholly-owned by Noront Resources Ltd. (“Noront”).

The Contest with Cliffs for access to the Ring of Fire:

At a hearing before the Mining and Lands Commissioner (“MLC”) in early 2013, Cliffs sought an order to dispense with the consent of KWG/CCC for the granting of an easement for Cliffs to build a road on top of mining claims staked by KWG/CCC along a 340 kilometer corridor of high ground. KWG/CCC had spent some $15 million to explore the claims and assess their profiles and aggregates to provide a means of egress for the Big Daddy chromite deposit in which KWG/CCC has a 30% joint venture interest with Cliffs then holding the 70% interest. The MLC declined to grant the order sought by Cliffs and Cliffs then appealed the MLC decision to the Divisional Court of the Ontario Superior Court.

The MLC decision was overturned by the Divisional Court in a judgment released in July 2014. KWG/CCC sought leave to the Ontario Court of Appeal to appeal the Divisional Court decision and was granted such leave to appeal this past January. The upcoming Court of Appeal hearing will determine whether the Divisional Court erred in finding that KWG/CCC’s consent to an easement over its claims should be dispensed with, as the MLC had decided it should not be dispensed with.

The staking race with Noront:

On June 17th, 2011 KWG/CCC staked mining claims 4256490, 4256491 and 4256492 in the Ring of Fire and then filed its Applications to Record Mining Claims on June 21st and 23rd. The Mining Recorder accepted the KWG claims.

On the same blocks as where KWG/CCC had staked its claims, Noront staked mining claims 4265631, 4265632, 4265633, 4265634, 4265635, 4265636 and 4255731 from June 17th to 19th, 2011. When Noront filed its Applications to Record Mining Claims on June 27th the Mining Recorder accepted them as “filed only” on July 8th and on July 19th Noront filed a dispute against the KWG claims (“Dispute”).

The Dispute was heard by the Mining Recorder on April 24th and 25th, 2014. On June 24th, 2014 the Mining Recorder dismissed the Dispute and confirmed the validity of the KWG claims. Noront filed a Notice of Appeal on July 22nd and KWG filed a Notice of Cross-Appeal on July 24th. The appeal and cross-appeal will be heard by the MLC when a hearing date is assigned following consideration and determination of the content and scope of the appeal. To this end, the MLC has now instructed the parties to schedule a mediation session with the Commission’s Registrar.

Issuance of shares:

KWG will issue 361,600 common shares at $0.025 to RBL Communications Inc. for the second payment under the shares for services contract announced January 21, 2015. All shares issued will have a hold period of four months.

About KWG:

KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program, originally for the engineering and construction of a railroad to the Ring of Fire from Aroland, Ontario. KWG subsequently acquired patent interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. The company has determined that the reduction method can be employed to metalize finely ground chromite which may be recovered from slurry delivered to Aroland in an underground pipeline constructed within the Canada Chrome claims.

Shares issued and outstanding: 812,983,718

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575
[email protected]

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Neah Power Provides update on the increasing global demand for remote power

Posted by AGORACOM-JC at 7:18 AM on Wednesday, May 27th, 2015

  • level of interest in NEAH Power’s technologies has never been greater.
  • As the frenzy of venture capital and private equity investing in alternative energy and clean energy companies comes back down to Earth, the focus of the industry is irreversibly shifting to practical, reliable and cost-effective solutions like those of NEAH Power, which can realistically meet current and urgent demands for off-grid power and energy storage in compact, scalable form factors.

Neah introduces proprietary lithium battery technology

BOTHELL, WA – May 27, 2015 – Neah Power Systems, Inc. (OTCBB: NPWZ) (OTC: NPWZ) –

To Our Shareholders:

As a supplement to our latest quarterly filing, I want to provide you with a brief report on the status of our Company operations as well as relate the progress achieved by our management in advancing efforts to commercialize, license and sell NEAH Power’s industry leading technologies and products.

While we continue to develop the many opportunities announced to date, we are also preparing to announce several more initiatives that are expected to contribute significantly to our growth and standing as an emerging leader in fuel cell and battery technologies.

In light of the current stock price, which management believes does not adequately reflect the true value of the Company’s assets, I wish to reassure you that the level of interest in NEAH Power’s technologies has never been greater. As the frenzy of venture capital and private equity investing in alternative energy and clean energy companies comes back down to Earth, the focus of the industry is irreversibly shifting to practical, reliable and cost-effective solutions like those of NEAH Power, which can realistically meet current and urgent demands for off-grid power and energy storage in compact, scalable form factors.

We are extremely pleased to announce that we have been doing research and development on a lithium battery technology that appears to be far superior to any incumbent technologies (the PowerChip® Battery). At an appropriate time in the near future, once the Company has achieved the next round of performance targets, we will be sharing details with our shareholders. Once completed, we believe our Porous Silicon Battery will be a disruptive power storage system for a whole range of applications from consumer goods to automotive applications, as well as for scalable storage solutions for off-peak and back-up power usage.

Now more than ever, power storage and generating technologies, such as batteries, ultra-capacitors and fuel cells are being used to increase efficiency and reliability in transportation, infrastructure, industrial equipment, and portable electronics, with the aim of creating a more sustainable, environmentally responsible, and secure economic future. Furthermore, the global energy industry, governments and other stakeholders have recognized that fuel cell and battery technologies such as ours, offer an attractive option for reliable backup power to the electric grid.

Also in our favor is the growing global demand for reliable remote power, both in developed and emerging markets, where large swaths of land that off-grid are now being incorporated. This demand is even greater in continents such as Africa where nations are facing a real crisis of rapid growth amidst failing or inadequate power grids. Over the next 10 years, emerging nations are anticipated to account for $13.6 billion in new power infrastructure investment as they roll out massive electric grid modernization programs to meet demand.

With the demand for real-time communication, access to the internet, and remote security for developing communities rapidly growing, NEAH Power clearly sees itself as a front-runner , as we have the technologies and products available to best deliver remote power systems, including “community power grids”. With continued success in securing the proper relationships, distribution partners and capital, NEAH Power should ostensibly become one of the leading providers of clean, reliable, and low cost power to remote areas.

Our management with the support of several new consultants and advisors have been focused intently on capitalizing on this increased attention and interest, and expect that the increasingly favorable environment will translate into real economic benefits for our shareholders. Accordingly, over the course of the last six months, NEAH Power’s technologies have attracted new interest and attention from numerous governments, industry partners, companies and other end-users, who have come to recognize that NEAH Power’s smaller, lighter and more powerful solutions represent a practical and reliable path to upgrade power capabilities. In addition, the interest of the investment community in technologies such as ours has never been as intense as it is today.

As to specific applications, we have seen significant interest for our power technologies from manufacturers of unmanned vehicles. This is particularly due to the fact that the unique capabilities and flexible application of our proprietary technologies, makes NEAH Power one of the few, if not the only, fuel cell company that can address any application, whether aerial, land or undersea.

At present we are in discussions with various UAV manufactures that wish to extend flight times and/or increase sensor payload capacity with the higher power concentration of a hybrid fuel cell solution incorporating NEAH Power’s technologies. Importantly, the same product development efforts here can be readily translated to other vehicles, including automotive, maritime and rail applications.

We have also seen a tremendous interest in resellers worldwide who are interested in our high energy density Formira HODTM (Hydrogen-on-Demand) platform to supplement grid, solar and other hybrid energy platforms, as well as a stand-alone system in micro-grid applications. While we are growing our distribution and resale network for Formira HODTM, NEAH Power’s management has also been focused on securing strategic partners which will allow us to deploy and support our products worldwide and enhance our branding. We expect to announce several exciting strategic partnerships soon!

Clearly, there is a lot to be proud of and much to be excited about as NEAH Power advances its growth phase. In spite of the challenging financial environment and the contrarian pressure on our stock, we feel that our power technologies are on the brink of our most significant economic achievements.

Status of the Shorai Acquisition

We previously announced the signing of a definitive agreement to merge with Shorai, Inc., with a targeted completion date of June 15 2015. Shorai is a leading provider of lithium ion-based power sports and starter battery solutions for the consumer motorsport industry. This merger is expected to be immediately accretive with Shorai reporting over $4.0 million (unaudited) revenue for the twelve months ended December 2014 with positive cash flow in 4Q 2014. Further, the acquisition will allow us to realize product, marketing and operational synergies as NEAH Power rolls our products. We are endeavoring to negotiate with investors the best possible deal for our current Company shareholders while we secure the capital necessary to close this acquisition transaction.

PowerChip® Fuel Cell Product Acceptance

We recently announced the successful completion of testing of three PowerChip® units with the Defense Research and Development Organization (DRDO) of the Government of India. These units were manufactured and shipped against an open purchase order. Product testing, qualification and acceptance by a third party (a government owned entity) were completed December 2014. We consider this third party validation an important and key milestone for the Company. As planned, we have proceeded with discussions aimed at completing a licensing agreement with the Government of India, which if secured should result in significant supply contracts, licensing revenue and establish a broad, sustainable market in India and its territories. Completion of the ongoing discussions is pending on certain high level appointments at the DRDO expected in the near future.

Formira HODTM (Hydrogen on Demand)

Our Formira HODTM fuel cell continues to demonstrate best-in-class performance. As stated, we are in discussions with several leading manufacturers of unmanned aerial vehicles (UAVs), remote robotic vehicles, automotive, rail, off-grid power, and medical device companies. The Formira HODTM fuel cell has been proven as a safe, cost-effective and energy dense solution for the production of hydrogen for a variety of applications. It surpasses other sources of energy like compressed hydrogen, the most commonly used method of utilizing hydrogen to generate energy. We are presently designing the Formira HODTM system into UAVs with Silent Falcon, and are targeting a shipment of the first units around the end of June 2015 to our security and defense partner, Tectonica Australia, a leading global defense and security systems integrator. We are very pleased with the reception our Formira HODTM system is receiving from different commercial and consumer companies and expect this to translate to material sales.

BuzzBar Suite Gen 2 & Gen 3

As of date, NEAH Power has shipped all of the orders that we received through the website and our Indiegogo campaign. We also have presented the product to various big box retailers and end users, and have aggregated the feedback from them into BuzzBar Gen 3. Our Gen 3 BuzzBar has received very good feedback. Pending the completion of a satisfactory capital raise and upon completing the Shorai Acquisition, we expect shipping of the Gen 3 BuzzBar to commence later this year. Our objective is to leverage the Shorai brand and marketing prowess to launch the Gen 3 in a most significant way!

We look forward to announcing more exciting news and milestones very soon! As we develop the numerous opportunities at hand, expand our business development efforts going forward, and secure the necessary capital to fully execute our plan, management will continue working hard to accomplish the mission. Our success is only achieved with the tireless work of our employees, the support of our shareholders, the diligent governance of our Board of Directors, and the expert guidance of our Strategic Advisory Board. Thank you for your trust and loyalty.

Best Regards,
Chris D’Couto
President & CEO
Neah Power Systems

Forward Looking Statements

Certain of the statements contained herein may be, within the meaning of the federal securities laws, “forward-looking statements,” which are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, and the Company does not undertake any responsibility to update any of these statements in the future. Please read Neah Power System’s Form 10-K for the fiscal year ended September 30, 2014 and its Quarterly Reports on Form 10-Q filed with the SEC during fiscal 2015 for a discussion of such risks, uncertainties and other factors.

For more information please contact the Company at
David Schmidt, CFO
[email protected]
425-424-3324 ext. 110

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UBR Closes Financing to Start Work Program to Evaluate Potential of its High Purity Quartz Deposits

Posted by AGORACOM-JC at 1:47 PM on Tuesday, May 26th, 2015

  • Closed on May 25, 2015 a non-brokered private placement comprised of 5,209,184 Flow-Though Units (“Unit”) at $0.055 per Unit for gross proceeds of $286,505
  • Will be used to finance the implementation of the Corporation’s go forward plan for Q1/Q2 2015 and was predicated by our press release on March 2, 2015 in which we announced “Major Producer Confirms Interest in Purchasing Significant Tonnage of High Purity Quartz From Uragold Quartz Property in Quebec” 

Montreal, Quebec / May 26, 2015 – Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR) is pleased to announce that it has closed on May 25, 2015 a non-brokered private placement comprised of 5,209,184 Flow-Though Units (“Unit”) at $0.055 per Unit for gross proceeds of $286,505. The net proceeds from the Private Placement will be used to finance the implementation of the Corporation’s go forward plan for Q1/Q2 2015 and was predicated by our press release on March 2, 2015 in which we announced “Major Producer Confirms Interest in Purchasing Significant Tonnage of High Purity Quartz From Uragold Quartz Property in Quebec” and our press release on April 13, 2015 in which announced “Uragold subsidiary, Quebec Quartz, signs MOU with Dorfner Anzaplan to evaluate potential of its high purity quartz deposit.”

Each Unit is comprised of one (1) common share and a half (1/2) common share purchase warrant (“Warrant”) of the Company. Each Warrant will entitle the holder thereof to purchase one common share of the capital stock of the Company at an exercise price of $ 0.10 during a period of 24 months from the date of closing of the placement. Each share issued pursuant to the placement will have a mandatory four (4) month holding period until September 25, 2015.

The Company paid a cash finder’s fee of $28,150 and issued of 255,909 common shares and 255,909 options to EMD Financial Inc. of Montreal Quebec. Each option will give the right to purchase one (1) common share at 5.5 cents for 24 months.

Patrick Levasseur, President and COO of UBR stated, “We are extremely please that the developments of Quebec Quartz’s high purity quartz projects is attracting investors interest. Our recent announcement regarding interest from a major producer in purchasing significant tonnage of our high purity quartz and our collaboration with Anzaplan are major milestones in our quartz strategy. We will soon be starting field work to the determine the full potential of our industry leading quartz properties.”

Other Private Placement

Uragold is also pleased to announce that it is also in the process of closing a hard cash non-brokered private placement, which is comprised of 3,800,000 units (“Unit”) at $0.05 per Unit for gross proceeds of $190,000. The net proceeds from the Private Placement will be used for general corporate expenditures.

Each Unit is comprised of one (1) common share and one (1) common share purchase warrant (“Warrant”) of the Company. Each Warrant will entitle the holder thereof to purchase one common share of the capital stock of the Company at an exercise price of $ 0.07 during a period of 36 months from the date of closing of the placement. Each share issued pursuant to the placement will have a mandatory four (4) month holding period from the date of closing of the placement. The hard cash placement is subject to standard regulatory approvals.

About UBR- Quebec Quartz

UBR- Quebec Quartz is the largest holder of distinct High Purity Quartz properties in Quebec. Despite the abundance of quartz, very few deposits are suitable for high purity applications.

Quebec Quart’s objective is to transform its High Purity Quartz into Ultra High Purity Quartz Sands to generate significantly greater profits and become a leading supplier of Ultra High Purity Quartz.

Quartz from the Roncevaux property successfully passed rigorous testing protocols of a major silicon metal producer confirming that our material is highly suited for their silicon metal production.

About Uragold Bay Resources Inc.

Uragold Bay Resources is a TSX-V listed Gold and High Purity Quartz exploration junior focused on generating free cash flow from mining operations. Our business model is centered on developing mining projects suited for smaller-scale start-up and that could potentially generate high yield returns. Uragold will reach these goals by developing Quebec’s first paleoplacer mine in 50 years, the Beauce Placer Project and, in partnership with Golden Hope Mines, the Bellechasse-Timmins Gold Deposit.

Neither the TSX Venture Exchange nor its 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.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or the securities laws of any state of the United States and may not be offered or sold within the United States or to, or for the account or the benefit of, U.S. persons (as defined in Regulation S un der the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

For further information contact

Bernard J. Tourillon, Chairman and CEO
Patrick Levasseur, President and COO

Tel: (514) 846-3271
www.uragold.com

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Urban Barns’ Cubic Farming Seeks to Change the Future of Urban Farming one Head of Lettuce at a Time

Posted by AGORACOM-JC at 7:27 PM on Monday, May 25th, 2015

  • Urban Barns is using a new farming technology dubbed controlled environment agriculture, or CEA
  • No traditional crop rows and no ladders inside an Urban Barns facility, Rather, long metal frames carrying growing trays are suspended in the air, circulating underneath thousands of red, amber, and blue LED lights
  • “I certainly believe this is the way of the future,” says Hough, head of business development and a jack-of-all-trades with Urban Barns

Greg Hough is on his way to the Ritz-Carlton hotel in Montreal, Canada, delivering another order of Urban Barns’ lettuce produced in its Cubic Farming system. The lettuce was harvested only three hours ago. Drawing on ideas and concepts used in greenhouse farming, vertical farming, and traditional field farming, Urban Barns’ patent-pending Cubic Farming system reconceptualizes the future of urban farming. “I certainly believe this is the way of the future,” says Hough, head of business development and a jack-of-all-trades with Urban Barns. “We certainly have some aspect of a vertical farm, but I like to think we use space even more efficiently and effectively.”

Urban Barns is using a new farming technology dubbed controlled environment agriculture, or CEA. There are no traditional crop rows and no ladders inside an Urban Barns facility. Rather, long metal frames carrying growing trays are suspended in the air, circulating underneath thousands of red, amber, and blue LED lights. In a sporadically sunny region like Canada, sunlight poses a major impediment to year-round farming ventures. Urban Barns’ hydroponic lettuce, however, suns itself for twelve to sixteen hours each day, using both ceiling-mounted LED lights and intra-canopy LED lights. With traditional farming methods, it can take anywhere form forty-five to ninety days to grow lettuce in the region. Urban Barns’ method has cut the process down to twenty-one days.

Cubic Farming technology doesn’t just present a new way to get from seed to table; it offers an entirely unique product as well. The Urban Barn facility is a completely controlled environment. Instead of overalls and work boots, employees don lab coats, hairnets, and gloves. As a result, Urban Barns does not need to use any herbicides, pesticides, or fungicides on its plants. With many consumers opting for organics in recent years, this creates a competitive advantage. Hough recalls a recent Canadian study in which fifty percent of the organic produce that was tested came back positive for pesticide residue. Urban Barns’ lettuce would probably come back completely negative.

From a production standpoint, Urban Barns’ has cut both time and labor costs dramatically. “Due to the conveyor system, one person can do seeding, planting, and harvesting without really having to move,” Says Hough. Currently, Urban Barns employees less than ten people including its executive team. The conveyor carries the metal trays right to the employee, as a gentle breeze travels throughout the barn. Fans connected to the enclosure provide just the right amount of wind to mirror some of the environmental stresses that the plants would encounter in nature. In the wild, plants have to combat many environmental stresses, like pests, drought, floods, and wind. They become stronger in response to these stresses, leading to healthier and more robust plants.

The cost production aspects of cubic farming and lower than many people would imagine. “Our system uses ninety-six percent less water than a traditional farm would use, so our water costs are extremely low,” says Hough. The most expensive part of the operation is the machinery. “We had nothing to model it after, so we had to design, build, and optimize our machinery from scratch,” says Hough. The company currently uses fourth generation machines to carry the lettuce, microgreens, and other produce along the conveyor belt system. According to Hough, these machines cost roughly $125,000.” Although the company uses thousands of LED lights, electricity accounts for less than one-fifth of total production costs.

The LED lights are a critical component of cubic farming technology. “If you look at our Urban Barn now, you will see a pinkish and purple-ish hue emanating from it.” This color is no accident. Urban Barns has worked closely with researchers at McGill University’s Bioresource Engineering program, including Dr. Mark Lesfred, who helped NASA figure out how to feed astronauts fresh vegetables in space. McGill has helped Urban Barns develop many aspects of cubic farming technology, including the precise tone and hue of each LED light. The color of the light makes a difference in the growing process, which, according to Hough, you can taste.

Urban Barns has many items on its technological advancement agenda. In hydroponic farming, crops are seeded and grown in plugs made from a fabric-like material commonly referred to as substrate. Currently, the company is exploring the use of alternatives to the rockwool substrate it uses to grow its lettuce and microgreens. McGill researchers have tested a wide variety of potential substrate substitutes, including hemp fiber and coconut fiber.

Right now, a number of Urban Barns’ microgreens are growing in the newly developed hemp fiber. The material is actually cheaper than rockwool, and provides a major bonus benefit for the company. “Substrates don’t break down, but these fibers will,” says Hough. For the company, sustainability and environmental stewardship are a top priority. Finding a cheaper and more sustainable alternative to traditional substrates would be a landmark success for Urban Barns as well as the larger hydroponic farming industry.

The company sees itself growing in the coming years and intends to venture into other types of produce. Hough is particularly interested in produce that cannot be grown year-round in the chilly Canadian climate, like fresh strawberries in winter. Urban Barns chose lettuce as its first crop in order to provide local residents with fresher alternatives to the imported lettuce on Canadian supermarket shelves. Most of Canada’s lettuce comes from California, taking seven days to travel across the continent and another two to three days to hit store shelves. The company also sees its geographical reach expanding. “The plan is to have a barn in every major city across North America,” says Hough.

These goals are not without impediments. Hough sees two potentially significant hurdles to bringing Cubic Farming technology to the forefront of the market. Consumer education has proved to be a task for many of Urban Barns’ endeavors. Currently, the company sells its lettuce in single-serving heads and is priced at the upper end of the organic produce market. “The education process is attached to the premium that we are charging now,” remarks Hough, “but our product has a lot more to offer.” Current clientele include many upper-end hotels in the area, like The Fairmont and Hyatt, in addition to many grocers throughout the region, including IGA, the largest grocer in the country.

As for the other hurdle, Urban Barns has identified at least two other operations using a similar LED light system, including a vertical farm on Canada’s eastern coast. “I believe it is going to be a first-to-market race,” remarks Hough.

Urban Barns’ aspirations of building Cubic Farming barns across the globe are tethered by a concept that is very important to the company. “We definitely have aspirations of becoming a global company, but we always want to maintain local roots.” The local food movement has gained popularity in recent years, and has drawn in many consumers who enjoy supporting local agriculture while receiving the freshest produce possible. “The current food system is not optimal,” says Hough. “This is the future. There is no question in my mind about it”

Source: http://agfundernews.com/urban-barns-cubic-farming-seeks-to-change-the-future-of-urban-farming-one-head-of-lettuce-at-a-time.html

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Urban Barns Announces New Kosher Certifications

Posted by AGORACOM-JC at 10:27 AM on Friday, May 22nd, 2015

  • Announced that it has recently received the MK Kosher certification for its Oak Leaf lettuce and three types of Micro Greens, namely Daikon, Sango/Rambo and Mizuna

MONTREAL, QUBEC, Canada, via ETELIGIS INC., 05/22/2015 – –Urban Barns Food Inc. (“Urban Barns”) (OTCQB: URBF), an innovative food producer, announced that it has recently received the MK Kosher certification for its Oak Leaf lettuce and three types of Micro Greens, namely Daikon, Sango/Rambo and Mizuna. Urban Barns Foods Inc. will continue to broaden its Kosher product line up with additional micro green varieties and herbs in the coming months. Dedicated in the cultivation of fresh vegetables throughout the year, Urban Barns Foods Inc. uses the latest in LED technology and is most noted for its proprietary Cubic Farming method.

These recent additions will add to the currently approved romaine and butterhead lettuce that obtained Kosher certification in December of 2014.

Rabbi Saul Emanuel, Executive Director of Canada’s Kosher certifier, expressed his delight over the company’s MK Kosher Certification which he feels will be beneficial for the Kosher catering and consumer industries. Furthermore, Rabbi Peretz Jaffe, the Kashrus coordinator, noted how difficult it is in finding produce that is free of infestation, and believes that the market will only gain from this recent development.

For further updates and developments, please go to:

Facebook.com/UrbanBarns

Instagram.com/UrbanBarnsFoods

Twitter.com/UrbanBarns

Youtube.com/UrbanBarnsFoods

About MK Kosher Certification:

Canada’s Kosher certifier, otherwise known as “MK” has established itself as the leading player responsible for the certification of thousands of Kosher food products bearing the MK certification mark. As Canada’s Kosher certifier, companies from across the country source out MK Kosher certification, enabling them to become part of the highly acclaimed list of enterprises that produce food products with the MK Kosher certification mark.

About Urban Barns Foods Inc.

Urban Barns uses patent pending and proprietary equipment to produce affordable leafy vegetables in a secure and controlled indoor environment. By setting up subsidiary facilities and growing locally, Urban Barns can focus on supplying any community, irrespective of the regional climate, effectively reducing shipping times and related spoilage costs. Urban Barns has the unique ability to scale and cater to the demands of all major communities. The company’s commitment to consumers is reflected through its motto, “Fresh, Local, Green”.

Forward-Looking Statements

Except for historical information contained herein, the matters set forth above may include forward-looking statements that involve certain risks and uncertainties. Words such as “may”, “could”, “anticipate”, “believe”, “estimate”, “expect”, “intend”, “plan”, and similar expressions are used to identify forward-looking statements. These forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements. Urban Barns does not undertake any obligation to update any forward-looking statements and cautions investors to consider all other risks and uncertainties, including those disclosed in Urban Barns’ filings with the United States Securities and Exchange Commission.

CONTACT:

For further information, contact:

Urban Barns Foods, Inc.

Richard Groome, President and CEO

[email protected]

Tel: 514 907 4989 x 774

www.urbanbarnsfoods.com

SOURCE: Urban Barns Foods, Inc.

Associated Documentation:

Link to submission on http://www.eteligis.com
URBF_05-21-2015_888_ETL.docx

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New York Stock Exchange Launches Bitcoin Price Index

Posted by AGORACOM-JC at 8:07 AM on Friday, May 22nd, 2015

  • NYXBT will represent the daily US dollar value of one bitcoin at 4pm (BST) and will be published on the NYSE Global Index Feed (GIF).
  • bitcoin price index will use data from transactions taking place on San Francisco-based bitcoin exchange Coinbase
  • Wall Street takes notice, Goldman Sachs recently participated in a $50m funding round raised by bitcoin financial services startup Circle

The New York Stock Exchange (NYSE) has today announced the launch of a bitcoin price index (NYXBT).

NYXBT will represent the daily US dollar value of one bitcoin at 4pm (BST) and will be published on the NYSE Global Index Feed (GIF).

For a limited period it will also be viewable on the NYSE’s website.

Thomas Farley, NYSE group president, said in a statement:

“Bitcoin values are quickly becoming a data point that our customers want to follow as they consider transacting, trading or investing with this emerging asset class.”

He added: “As a global index leader and administrator of ICE LIBOR, ICE Futures US Dollar Index and many other notable benchmarks, we are pleased to bring transparency to this market.”

The bitcoin price index will use data from transactions taking place on San Francisco-based bitcoin exchange Coinbase.

However, a statement released by the NYSE said that it would continue to review other bitcoin exchanges to see whether they met the criteria required for inclusion in the index. “The NYSE Bitcoin suite of indices is anticipated to grow, with new indices introduced over time.”

Growing interest on Wall Street

The move comes after the Wall Street stock exchange invested in Coinbase’s $75m Series C funding round, which closed in January this year.

Speaking to CoinDesk following the announcement, Farley said: “With this investment, we are tapping into a new asset class by teaming up with a leading platform that is bringing transparency, security and confidence to an important growth market.”

The NYSE is not the only firm on Wall Street investing in the digital currency.

Multinational banking giant Goldman Sachs recently participated in a $50m funding round raised by bitcoin financial services startup Circle.

Just last month, developers at the Bank of New York Mellon Corp were revealed to be experimenting with bitcoin’s open-source code on the bank’s new corporate recognition program.

Source: http://www.coindesk.com/new-york-stock-exchange-launches-bitcoin-price-index/

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Bioavailability Testing to Commence on Lexaria’s Patent-Pending Technology

Posted by AGORACOM-JC at 8:42 AM on Wednesday, May 20th, 2015

KELOWNA, BC / May 20, 2015 / Lexaria Corp. (OTCQB:LXRP) (CSE:LXX) (the “Company”) is pleased to announce it has engaged Absorption Systems LP in the USA, to begin third party in vitro tests using a human intestinal tissue model to evaluate the cannabidiol (CBD) permeability of its patent-pending technology that infuses cannabinoid compounds within lipids.

The study will assess CBD permeability achieved with our proprietary ViPova(TM) tea formulation at multiple sampling time points compared to positive and negative controls under strict experimental conditions. In vitro testing using human tissue models can be preferable to animal testing since human cells can be used directly to provide species-specific permeability results.

“Although we cannot know in advance the outcome of such tests, the results have the potential to materially affect future outcomes for the Company,” said John Docherty, president of Lexaria. “We have a wealth of anecdotal evidence from our growing ViPova(TM) customer base extolling the marked effects of our CBD-infused tea and we look forward to the outcome of this study to help quantify this in detail.”

It is generally accepted in pharmacological sectors that the bioavailability of any active ingredient is one of the most important factors determining its effects on the body. Enhanced bioavailability can be extremely useful and is highly valued for any useful molecule, including CBD and tetrahydrocannabinol (THC).

Lexaria expects to begin this testing in the near future and will report results when they are available in due course, expected within the next 3-4 months.

About Lexaria

Lexaria is a food sciences company focused on the delivery of cannabinoid compounds procured from legal, agricultural hemp, through gourmet foods based upon its proprietary infusion technologies. www.lexariaenergy.com

About ViPova(TM)

ViPova(TM) uses only legal CBD oil extracts, grown from agricultural hemp in locations where it is legal to do so, in ViPova(TM)-branded tea. ViPova(TM)uses its patent-pending process to infuse concentrated amounts of CBD within lipids in its tea, providing more bioactivity and comfort to the body during the absorption process. Only ViPova(TM) has this ground-breaking technology for CBD/lipid infusion. www.vipova.com

About Absorption Systems

Absorption Systems assists pharmaceutical, biotechnology and medical device companies in identifying and overcoming ADMET (Absorption, Distribution, Metabolism, Excretion and Toxicity) barriers in the development of drugs, biologics and medical devices. The company’s mission is to continually develop innovative research tools that can be used to accurately predict human outcomes or to explain unanticipated human outcomes when they occur. Absorption Systems, with facilities near Philadelphia, PA, in San Diego, CA, and in Panama, serves customers throughout the world. For information on the company’s comprehensive contract services and applied research programs, please visit www.absorption.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Lexaria Corp.
Chris Bunka
Chairman & CEO
(250) 765-6424

FORWARD-LOOKING STATEMENTS

This release includes forward-looking statements. Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including statements that include words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions are forward-looking statements. Such forward-looking statements are estimates reflecting the Company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. Access to capital, or lack thereof, is a major risk and there is no assurance that the Company will be able to raise required working capital. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company’s public announcements and filings. There is no assurance that the medical marijuana, CBD sector, or alternative health businesses will provide any benefit to Lexaria, or that the Company will experience any growth through participation in these sectors. There is no assurance that any planned corporate activity, business venture, or initiative will be pursued, or if pursued, will be successful. There is no assurance that any cannabinoid-based product will promote, assist, or maintain any beneficial human health conditions whatsoever. There is no assurance that the cannabinoid/lipid infusion technology will provide any increase in bioavailability to any individual person, nor that bioavailability testing will produce any positive result. No statement herein has been evaluated by the Food and Drug Administration (FDA). ViPova(TM) products are not intended to diagnose, treat, cure or prevent any disease.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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