Posted by AGORACOM-JC
at 1:55 PM on Wednesday, October 28th, 2020
TORONTO , Oct. 28, 2020- David E. Luxton , Executive Chairman, KWESST Micro Systems Inc. (TSXV: KWE), shares his company’s story in an interview with TMX Group.
The C-Suite at The Open video interview series highlights the unique perspectives of listed companies on Toronto Stock Exchange and TSX Venture Exchange. Videos provide insight into how company executives think in the current business environment. To see the latest C-Suite at The Open videos visit https://www.tmxmoney.com/en/csuite.html .
About KWESST Micro Systems Inc. (TSXV: KWE)
KWESST Micro Systems Inc. is a proud leader in advancing the modern networked capability of soldiers and responders, including the networked Soldier Systems mission of NATO and its allies, with niche applications that make a critical difference to safety and effectiveness. For more information visit: https://www.kwesst.com/
About TMX Group (TSX: X)
TMX Group’s key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities and fixed income. Toronto Stock Exchange , TSX Venture Exchange , TSX Alpha Exchange , The Canadian Depository for Securities , Montréal Exchange , Canadian Derivatives Clearing Corporation , Trayport and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary , Vancouver and New York ), as well as in key international markets including London , Beijing and Singapore . For more information about TMX Group, visit our website at www.tmx.com . Follow TMX Group on Twitter: @TMXGroup .
Posted by AGORACOM-JC
at 1:47 PM on Wednesday, October 28th, 2020
SPONSOR: Imagine AR Inc. (IP:CSE) (IPNFF:OTCQB) is an Augmented Reality platform that allows businesses to easily launch AR campaigns. Clients Include: NBA Sacramento Kings, Mall of America, AT&T Shape and The Basketball Hall of Fame. ImagineAR and NFL Alumni Academy recently signed a 5 year partnership agreement. In addition, the company signed a two-year agreement with Valencia C.F. of La Liga to provide interactive Augmented Reality experiences for almost 7 million fans around the world. Learn More.
AR isn’t just ‘exciting’, it’s practical
Augmented reality might seem like a daunting new frontier for the average business, but adopting this new technology is a lot easier than it seems
With an anticipated 3.8 billion smartphone users in 2021, more people are using mobile tech to experience the world, from enhanced museum tours to Animoji
If you haven’t already considered it, AR can be a smart, practical form of smart marketing and branding.
Augmented reality might seem like a daunting new frontier for the average business, but adopting this new technology is a lot easier than it seems. With an anticipated 3.8 billion smartphone users in 2021, more people are using mobile tech to experience the world, from enhanced museum tours to Animoji. If you haven’t already considered it, AR can be a smart, practical form of smart marketing and branding.
First, it’s important to distinguish between augmented reality and virtual reality. Virtual reality is an almost wholly-digital experience that requires special hardware to immerse yourself in a new environment. Augmented reality is a combination of the digital and physical worlds, where the former is often “layered” over the latter. If you’ve used custom Snapchat filters or played Pokemon Go, you’ve already tried AR without even realizing it.
But the great thing about AR is that it doesn’t require buying new hardware. Virtual reality, while still an exciting new realm, isn’t as widely accessible as AR. For starters, you need pricey new gadgets to play around in VR, but anyone with a smartphone and an internet connection can tap into a well-crafted AR experience.
“The biggest benefit of AR is the simplicity with which you can build on top of the existing world that a user is already familiar with to teach them new things or show them new information that was previously unavailable,” says Gal Oppenheimer, who manages Contentstack’s Solutions Architecture Team. AR has, for instance, become a huge part of our daily reality, with Zoom virtual backgrounds helping people continue to meet and work collaboratively regardless of their environment.
Speaking to Oppenheimer and Contentstack’s marketing director Varia Makagonova reveals that augmented reality is a particularly effective, forward-thinking strategy for companies in retail, museums/education, and home improvement; AR works best to convey important, relevant information to customers in a quick, intuitive way. Best of all, it’s surprisingly straightforward to implement, especially if you’re working with an experienced content management team.
Great AR needs great content
As a headless CMS, Contentstack leads the way in helping businesses create innovative content experiences. In 2020, blogs and websites are no longer the main avenues of brand communication – modern customer experiences can include everything from chatbots and apps to new types of streaming media. Contentstack helps you adapt to new technology quickly and seamlessly, no matter the platform.
“When people look at AR, they only see the end experience,” says Oppenheimer. “And what people don’t realize is really there are two pieces to an AR experience. There’s the experience the consumer sees… and that is really just a 3D model, a color map, and a rendering library.” Then there’s the content, which can require just as much attention, depending on the scope of a company’s product lineup. This is where Contentstack comes into play.
A great content platform needs to be streamlined and easy to use, especially if you’re going to be working with new channels and touchpoints like Augmented Reality applications. With the right tools, it’s easy to build a well-organized, flexible content library that can be used to power all kinds of content-rich experiences.
And when it comes to retail, that often means making sure you can easily plug in personalization and e-commerce technologies into these experiences. As Oppenheimer points out, “it doesn’t matter if you have the biggest library of content available for your AR application to use. If the customer doesn’t see the one product that they are looking for to try on or learn more about, the app has not done its job for them.”
Building and tending to a useful content experience doesn’t have to be painful, though. “We have customers that have well over 2 million products in their Contentstack,” Oppenheimer says. “And when they do a release, sometimes that’s 200 products going live the same day… being able to facilitate that process easily, and then making sure that content appears in the mobile application that has all the rich AR content at the end, that’s where we come in.”
With the preview site now open to the public, beginning in early November, Liquid Avatar users will be able to add custom-designed and limited availability icons from leading pop culture, comic book, fantasy, manga, and contemporary Artists.
Through the Liquid Avatar Marketplace, users will be able to buy custom and limited availability icons from key Artists, adding to their self-created icons
Liquid Avatar users will be able to buy, store, use and, in early 2021, sell and trade custom purchased icons through their personal lockers for as little as $2.99 USD per custom icon
TORONTO, ON / October 28, 2020 /KABN Systems NA Holdings Corp. (CSE:KABN) (the “Company” or “KABN” or “KABN North America“), a Canadian Fintech company that specializes in continuous online identity verification, management and monetization in Canada and the US, is pleased to announce that its Liquid Avatar platform (www.liquidavatar.com), is ready to offer users a new type of Avatar experience through the Liquid Avatar Marketplace (“Marketplace”) (www.liquidavatarmarketplace.com). With the preview site now open to the public, beginning in early November, Liquid Avatar users will be able to add custom-designed and limited availability icons from leading pop culture, comic book, fantasy, manga, and contemporary Artists. The icons will also come complete with an innovative digital authentication solution that will allow users to manage their ownership and transfer of Liquid Avatar icons, adding a collectability component to the platform.
The Liquid Avatar App, available for web, iOS and Android, empowers users to create high quality personalized digital icons from the App’s Free Creation Studio. Each icon can represent a different facet of a user’s online personality, or personas, like work, school, family, friends, gaming, social and other segments. These icons, in conjunction with KABN ID and KABN’s Self Sovereign Identity wallet and digital credentials, gives users the ability to verify, manage and control their Digital Identity and use Liquid Avatars to share permission-based data. Sharing your Liquid Avatar is as easy as sending an image through email, text or social media. Liquid Avatar puts the ownership of online identity where it belongs – in the hands of the owner — allowing users to share what information they want, when they want and with whom they want.
Through the Liquid Avatar Marketplace, users will be able to buy custom and limited availability icons from key Artists, adding to their self-created icons. Liquid Avatar users will be able to buy, store, use and, in early 2021, sell and trade custom purchased icons through their personal lockers for as little as $2.99 USD per custom icon.
With over two dozen leading artists and over 350 icons already in design, all Liquid Avatars purchased from the Marketplace will be supported with a unique Digital Certificate of Authenticity (DCA), allowing each custom icon to have its own Blockchain identifier that can be transferred from one user to another. This methodology created by the KABN Network and supported by IBM’s Hyper Leger Blockchain technologies, will allow users to buy, sell and trade custom avatars and record the transfer and ownership of these collectible icons. Once reselling and trading of Liquid Avatar custom icons is available, the Marketplace will charge a fee that will allow for the issuance, recording, and management of the DCA’s and the transfer of ownership of digitized assets.
“Using DCAs to authenticate an asset is similar to how collectibles such as sports cards, comic books, movie props, and signed memorabilia are verified in the “real” world, but adds an innovative Blockchain solution to the mix,” said RJ Reiser, Chief Business Development Officer. “We believe that digitized assets will represent a viable way for online audiences to be part of the growing collector community and that Liquid Avatar custom icons are part of the key business strategies for KABN North America’s revenue programs.”
Liquid Avatar icons can also be created and used for businesses, events, associations, and other groups to share content and offers with their known and verified users.
Additional items like t-Shirts, hoodies, and many others, featuring certain Liquid Avatars will be available for sale starting early December, and there will be a host of promotions featuring unique offers to launch the site.
“KABN North America’s mandate is to start its revenue generating program this quarter and Liquid Avatar custom icons represent a potentially significant opportunity to create revenue, promotion and value for the Company,” said David Lucatch, CEO. “Online gaming and digital and physical collectibles are multi-billion-dollar industries and anyone who knows a Fortnite player or other gamer knows that players are always looking to acquire the latest in cosmetic enhancements. These players, along with sports, comic book, movie and fantasy collectors, are the primary audiences for our custom and collectible Liquid Avatars.”
KABN Systems NA Holdings Corp. through its wholly owned subsidiary KABN Systems North America Inc. focuses on the verification, management and monetization of digital identity, empowering users to control and benefit from its use of their online identity. KABN propriety technology suite includes 4 key products:
Liquid Avatar allows users to create high quality digital icons representing their online personas. These icons, in conjunction with KABN ID, allows users to manage and control their Digital Identity and to use Liquid Avatars to share public and permission based private data when they want and with whom they want. www.liquidavatar.com
KABN ID is an Always On, biometric and blockchain based digital identity validation and verification platform allowing users to continuously and confidently prove themselves throughout the online community.
KABN Card is a Visa approved prepaid card program allowing users to manage both digital and fiat currencies and earn cashback and other loyalty incentives. www.kabncard.com
KABN KASH is a cashback, loyalty and engagement program that powers the KABN revenue ecosystem.
KABN provides its products and services at no cost to consumers and generates revenues through permission-based partner programs. www.kabnkash.com
David Lucatch Chief Executive Officer 647-725-7742 Ext. 701 [email protected]
The CSE has not reviewed and does not accept 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, any securities under the KABN Financing in the United States. 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 any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Forward-Looking Information and Statements
This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control. Generally, such forward-looking information or 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 may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein may include, but is not limited to, information concerning the ability of the Company to generate revenues, roll out new programs and to successfully achieve business objectives, and expectations for other economic, business, and/or competitive factors.
By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; compliance with extensive government regulation. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.
Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.
Posted by AGORACOM-JC
at 8:36 AM on Wednesday, October 28th, 2020
Announced the completion of the second phase of three deliverables under a contract to support a U.S. military customer, featuring the Company’s signature Tactical Awareness and Situational Control System (TASCS) and its Integrated Fires Module (IFM).
Results of phase one and two, now being summarized into a phase three report, confirm that the TASCS IFM achieves greater accuracy and faster response times on indirect fire systems like mortars, improving soldier survivability and operational effectiveness
“We’re encouraged that the results and user feedback from these live-fire exercises have further increased customer confidence in the TASCS system,” said Jeff MacLeod, KWESST Founder and CEO, who added, “We’re pleased at the rapid pace as well as the outcome of these exercises, especially with such a key U.S. military customer, who has now requested a proposal from the Company for a next phase of expanded exercises to start in early 2021.”
Ottawa, Ontario–(October 28, 2020) – KWESST Micro Systems Inc. (TSXV: KWE) (“KWESST” or “the Company”) today announced the completion of the second phase of three deliverables under a contract to support a U.S. military customer, featuring the Company’s signature Tactical Awareness and Situational Control System (TASCS) and its Integrated Fires Module (IFM).
On September 22nd, 2020, the Company announced the completion of the first deliverable to provide real-time situational awareness and targeting information from a drone to ground forces and their mortar weapons systems. The second deliverable, just completed, incorporated customer feedback from the first phase to optimize TASCS operating procedures.
The results of phase one and two, now being summarized into a phase three report, confirm that the TASCS IFM achieves greater accuracy and faster response times on indirect fire systems like mortars, improving soldier survivability and operational effectiveness.
“We’re encouraged that the results and user feedback from these live-fire exercises have further increased customer confidence in the TASCS system,” said Jeff MacLeod, KWESST Founder and CEO, who added, “We’re pleased at the rapid pace as well as the outcome of these exercises, especially with such a key U.S. military customer, who has now requested a proposal from the Company for a next phase of expanded exercises to start in early 2021.”
As stated in the Company’s announcement of September 22nd 2020, contracted exercises like this with military customers are an important phase in the process towards potential introduction into service. The Company also noted at the time that at least two other NATO military customers have similar requirements, with demonstration contracts for the TASCS IFM system currently under consideration.
About KWESST
KWESST develops and commercializes high-value ultra-miniaturized technology applications that make a critical difference to the safety and operational effectiveness of personnel in the defence and security industries. The company’s current portfolio of unique proprietary offerings include: its signature TASCSTM (Tactical and Situational Control System) for real-time awareness and targeting information from any source (including drones) streamed directly to users’ smart devices and weapons; the autonomous GreyGhostTM soldier-portable micro drone missile system that defends against small hostile drones including swarms using high-speed kinetic impact; a Ground Laser Defence system to counter the emerging threat of weaponized lasers against personnel; and, the PhantomTM electronic battlefield decoy system to mask the electromagnetic signature of friendly forces with decoy signatures at false locations to deceive and confuse adversaries. All systems can operate stand-alone or integrate seamlessly with OEM products and battlefield management systems including Frontline, Edge, Killswitch and ATAK (Android Tactical Assault Kit) among others. KWESST also has developmental “smart ordnance” projects including its “Shot Counter” system, which records the number and type of rounds fired, for optimized firearms maintenance and performance. The Company is headquartered in Ottawa, Canada, with representative offices in Washington, DC, London, UK and Abu Dhabi, UAE. KWESST trades on the TSX Venture Exchange under the symbol KWE.
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the timing for the commencement of trading and the plans and operations of KWESST after giving effect to the Qualifying Transaction. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. KWESST 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 required by law.
Neither 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 news release.
Posted by AGORACOM-JC
at 7:22 AM on Wednesday, October 28th, 2020
ELSE rapidly expands distribution to provide nationwide product availability in retail, Amazon.com and Else’s e-store
Company expects to begin its initial store distribution via KeHE Distributors in western and southern regions of the United States as early as late November 2020
To include up four regional accounts and one national key account, totaling 380 stores in advance of the Christmas season.
“We are very encouraged with the aggressive interest we have received for our product. Parents and families have waited a long time for a plant-based alternative to dairy-based baby nutrition….” said Mrs. Hamutal Yitzhak , CEO and Co-Founder of Else.
VANCOUVER, BC , Oct. 28, 2020 – ELSE NUTRITION HOLDINGS INC. (TSXV: BABY) (OTCQX: BABYF) (FSE: 0YL) (” Else ” or the ” Company “), a commercial stage developer of plant-based alternatives to dairy-based baby nutrition, is pleased to provide an update on upcoming availability of the Company’s products in U.S. retail stores.
The Company expects to begin its initial store distribution via KeHE Distributors in western and southern regions of the United States as early as late November 2020 , and is to include up four regional accounts and one national key account, totaling 380 stores in advance of the Christmas season.
U.S. Retail Distribution and Rollout
Following the recent successful e-store and Amazon launch for its plant-based toddler nutrition line, Else has been working diligently through its network of retail brokers and KeHE Distributors on strategic ‘Brick & Mortar’ account listings across various critical US regions.
“We are very encouraged with the aggressive interest we have received for our product. Parents and families have waited a long time for a plant-based alternative to dairy-based baby nutrition. Soon parents across the United States will be able to find our product at stores near them in addition to being able to order online,” said Mrs. Hamutal Yitzhak , CEO and Co-Founder of Else.
About Else Nutrition Holdings Inc.
Else Nutrition GH Ltd. is an Israel -based food and nutrition company focused on developing innovative, clean and plant-based food and nutrition products for infants, toddlers, children, and adults. Its revolutionary, plant-based, non-soy, formula is a clean-ingredient alternative to dairy-based formula. Else Nutrition (formerly INDI) won the “2017 Best Health and Diet Solutions” award at the Global Food Innovation Summit in Milan . The holding company, Else Nutrition Holdings Inc., is a publicly traded company, listed as TSX Venture Exchange under the trading symbol BABY and is quoted on the US OTC Markets QX board under the trading symbol BABYF and on the Frankfurt Exchange under the symbol 0YL. Else’s Executives includes leaders hailing from leading infant nutrition companies. Many of Else advisory board members had past executive roles in companies such as Mead Johnson, Abbott Nutrition, Plum Organics and leading infant nutrition Societies, and some of them currently serve in different roles in leading medical centers and academic institutes such as Boston Children’s Hospital, Pediatrics at Harvard Medical School , USA , Tel Aviv University , Schneider Children’s Medical Center of Israel , Rambam Medical Center and Technion, Israel and University Hospital Brussels, Belgium .
For more information, visit: elsenutrition.com or @elsenutrition on Facebook and Instagram.
TSX Venture Exchange
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.
Caution Regarding Forward-Looking Statements
This press release contains statements that may constitute “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements are typically identified by words such as “will” or similar expressions. Forward-looking statements in this press release include statements with respect to the anticipated dates for filing the Company’s financial disclosure documents. Such forward-looking statements reflect current estimates, beliefs and assumptions, which are based on management’s perception of current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. No assurance can be given that the foregoing will prove to be correct. Forward-looking statements made in this press release assume, among others, the expectation that there will be no interruptions or supply chain failures as a result of COVID 19 and that the manufacturing, broker and supply logistic agreement with the Company do not terminate. Actual results may differ from the estimates, beliefs and assumptions expressed or implied in the forward-looking statements. Readers are cautioned not to place undue reliance on any forward-looking statements, which reflect management’s expectations only as of the date of this press release. The Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Posted by AGORACOM-JC
at 5:38 PM on Tuesday, October 27th, 2020
WHY KWESST? HERE’S SOME GREAT REASONS
1. KWESST is a leader in defensive technologies that increase the capabilities of soldiers,
including those of NATO and its allies.
2. These technologies make a critical difference to soldier safety and effectiveness.
3. The Leadership team experience spans decades and hundreds of millions of dollars in military and homeland security contracts.
4. KWESST develops next-generation systems for forces around the world, with a particular focus on special forces among NATO countries and their allies.
5. KWESST partners with globally recognized equipment manufacturers to integrate its
systems into their solutions to create high value-add products for global customers.
Announced the elevation of its affiliation with SAMSUNG Electronics America Inc. to “USA Partner” status
KWESST will be employing the SAMSUNG S20TE tactical smart phone in the production version of the Company’s Tactical Awareness and Situational Control System (TASCS) and for its Integrated Fires Module (IFM) for networked targeting on soldiers’ weapons
SAMSUNG S20TE device, also known as the Galaxy S20 Tactical Edition, is the latest mission-ready military smartphone built and proven by operators in special operations for rapid information capture, sharing and analysis in diverse operating environments
6. KWESST provides small cap investors with a rare opportunity to invest in a high-growth,
technology driven, global defence company with:
Tier-1 Customers
Global Customers
Proprietary Technologies
Diversified Products
Globally Renowned Executive Team With Massive Successful Track Records
FULL DISCLOSURE: Kwesst Micro Systems Inc. is an advertising client of AGORA Internet Relations Corp.
Posted by AGORACOM-JC
at 5:12 PM on Tuesday, October 27th, 2020
R&G Relief & Go™ CBD Spray product has successfully passed the detailed safety assessment requirements under Regulation No 1223/2009 of The European Parliament and of the Council on Cosmetic Products and has received a Cosmetic Product Safety Report (“CPSR”) for product marketing in the European Union
“We are thrilled to receive another validation of our feasibility and to pass the EU regulation requirements for the marketing of our Relief & Go CPD Spray product”, says Iris Bincovich, Co-founder and CEO of Innocan, “This is a major accomplishment for our team and an exciting milestone of our future”.
Herzliya, Israel and Calgary, Alberta–(October 27, 2020) – Innocan Pharma Corporation (CSE: INNO) (FSE: IP4) (the “Company” or “Innocan”), is pleased to announce that its R&G Relief & Go™ CBD Spray product has successfully passed the detailed safety assessment requirements under Regulation No 1223/2009 of The European Parliament and of the Council on Cosmetic Products and has received a Cosmetic Product Safety Report (“CPSR”) for product marketing in the European Union.
Innocan Israel, a wholly owned subsidiary of the Company, with its patent-pending unique formulation “Relief & Go CBD Spray” combines the known benefits of active ingredients such as Menthol and Camphor with CBD and Magnesium (more than 40% in the formula) to help the body relax and recover for sport-performing professionals.
Innocan Israel’s CTO, Mr. Nir Avram has over 30 years of experience as a senior consultant in the area of pharmaceuticals and cosmetics. Nir consults in diverse areas of expertise including pharmaceutical and cosmetic innovations, generic formulations, and synthesis of novel materials, in connection with start-ups and established companies.
Nir is Vice President of Research & Development at Emilia Cosmetics Israel and Emilia Resources in the US. Prior to this he was VP of R&D at Careline, a leading cosmetics and toiletries manufacturer, and a member of the pharmaceutical innovation team at Perrigo.
“We are thrilled to receive another validation of our feasibility and to pass the EU regulation requirements for the marketing of our Relief & Go CPD Spray product”, says Iris Bincovich, Co-founder and CEO of Innocan, “This is a major accomplishment for our team and an exciting milestone of our future”.
About Innocan
Innocan Israel is a pharmaceutical tech company that focuses on the development of several drug delivery platforms containing CBD. Innocan Israel and Ramot at Tel Aviv University, are collaborating on a new, revolutionary exosome-based technology that targets both central nervous system (CNS) indications and the Covid-19 Corona Virus using CBD. CBD-Loaded Exosomes hold the potential to help in the recovery of infected lung cells. This product, which is expected to be administrated by inhalation, will be tested against a variety of lung infections.
Innocan Israel signed a worldwide exclusive license agreement with Yissum, the commercial arm of The Hebrew University of Jerusalem, to develop a CBD drug delivery platform based on a unique-controlled release liposome to be administrated by injection. Innocan Israel plans, together with Professor Berenholtz Head of the Laboratory of Membrane and Liposome Research of The Hebrew University of Jerusalem, to test the liposome platform on several potential indications. Innocan Israel is also working on a dermal product that integrates CBD with other pharmaceutical ingredients as well as the development and sale of CBD-integrated pharmaceuticals, including, but not limited to, topical treatments for the relief of psoriasis symptoms as well as the treatment of muscle pain and rheumatic pain. The founders and officers of Innocan Israel each have commercially successful track records in the pharmaceutical and technology sectors in Israel and globally.
For further information, please contact:
Innocan Pharma Corporation Iris Bincovich, CEO +972-54-3012842 [email protected]
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Caution regarding forward-looking information
Certain information set forth in this news release, including, without limitation, information regarding the markets, requisite regulatory approvals and the anticipated timing for market entry, is forward-looking information within the meaning of applicable securities laws. By its nature, forward-looking information is subject to numerous risks and uncertainties, some of which are beyond Innocan’s control. The forward-looking information contained in this news release is based on certain key expectations and assumptions made by Innocan, including expectations and assumptions concerning the anticipated benefits of the products, satisfaction of regulatory requirements in various jurisdictions and satisfactory completion of requisite production and distribution arrangements.
Forward-looking information is subject to various risks and uncertainties which could cause actual results and experience to differ materially from the anticipated results or expectations expressed in this news release. The key risks and uncertainties include but are not limited to: general global and local (national) economic, market and business conditions; governmental and regulatory requirements and actions by governmental authorities; and relationships with suppliers, manufacturers, customers, business partners and competitors. There are also risks that are inherent in the nature of product distribution, including import / export matters and the failure to obtain any required regulatory and other approvals (or to do so in a timely manner) and availability in each market of product inputs and finished products. The anticipated timeline for entry to markets may change for a number of reasons, including the inability to secure necessary regulatory requirements, or the need for additional time to conclude and/or satisfy the manufacturing and distribution arrangements. As a result of the foregoing, readers should not place undue reliance on the forward-looking information contained in this news release concerning the timing of launch of product distribution. A comprehensive discussion of other risks that impact Innocan can also be found in Innocan’s public reports and filings which are available under Innocan’s profile at www.sedar.com.
Readers are cautioned that undue reliance should not be placed on forward-looking information as actual results may vary materially from the forward-looking information. Innocan does not undertake to update, correct or revise any forward looking information as a result of any new information, future events or otherwise, except as may be required by applicable
Posted by AGORACOM-JC
at 3:53 PM on Tuesday, October 27th, 2020
Welcome to beyond the press release a production of AGORACOM inwhich we take the time to speak with small cap executives right after they put out important news and this one is big news it’s out of HPQ Silicon trades on the TSX venture the stock symbol H. P. Q. with us is chairman CEO Bernard Tourillon we know there are a lot of new people watching this company just from the quality news that’s come out in the last 30 days and what’s up in the market so I’m going to give you a quick summary for all the new people too HPQ is a Canadian producer of innovative silicon solutions what that means is they’re building a portfolio of high value specialty silicone products that are needed for the renewable energy revolution and they’re doing it with two world renowned technology partners now more than just lip service because a lot of companies like that just use corporate jargon HPQ already signed NDA with at least 2 battery manufacturers and energy players that we know of the incident in the past have been that there are more and the one that really points at home is the press release that came out on Thursday afternoon and I’m gonna read it HPQ nano received first order for spherical nano silicon material from a major automobile manufacturer. Bernard this is big news but you had something like on September 30 what’s the difference between these 2 well the difference is massive one of them is the on September 30 is me talking up the fact that I’m talking to car manufacturers to Every manufactures to battery manufacturers and the second one is one of them coming to me and saying here’s your PO we want to be first in line to get your product what you do with these are specification can you need to. We we know we can meet them and that’s it that that’s that so that difference is massive second of all it does have to realize well the investors are HPQ okay for that maybe that’s not a big news because it’s a full but there’s a lot of investors that we exist and there’s a massive you know there’s a massive investment space for the type of company to HPQ is which is a company that’s focused on renewable energies helping solving the problem with regard to energy storage and you know he increasingly reducing the cost of electric vehicles and all those type of aspects there’s a lot there’s a massive audience for what we’re doing and for a lot of those new investors okay the treasurer for them before you between a company that talks about what they have the company has is something having first PO so I thought it was important to say we said we’re gonna deliver. The car manufacture shown an interest. And he confirmed it was sending us a PO so we thought that was important issue and it allows us to reiterate where we are in a leadership position just enter yeah I’m glad you bring that up because clearly a lot of us who have been following the story you’re right it’s almost next take the next step the next step but I would have to think that any older a lot they’re a lot of companies out there who say we are talking to we’ve we’ve heard other companies say that so tax you get an order is much different from wild you know what to talk about was a one email was a meeting was a one phone call here means you went all the way through so clearly there’s a big difference and let’s talk about that they place the order in order to be the first in order to guarantee being first in the queue up for for the material does this automobile manufacturer we gotta give this anonymous are my facture name some other point at some point some some coding client B. Except maybe Friday but. Does it give them an edge over other my automatic factors in the future. The fact that they called me okay and says we have a specific need for this and we want to test your material okay and it looks like you can do it which we can’t. Demonstrated that they see a need nobody else can really do. Don’t underestimate the image of the spherical metal powders that you know I sometimes put out we put out a few press release we have in our presentation our powers are very sacred okay there perfect Easter so they’re gonna be very vantage is all technicalities about how you make a bad is the fundamental you squish the material copper plate not so it works so it’s it’s it’s the same thing like with the. 18 pounder for departure was developed with plasma deposition what made you want to meet their material so unique was the fact it was so scared could be very very well you so you know we come out of the we have in our DNA that PyroGenesis expertise about spirituality and that’s I think that’s a that’s a point is really important second point is we believe we can do it Taylor me regards to size the people want so it’s not going to be it works this way does this way a lot of the other process or you know you have to militant that it you don’t get a slice of our products so I think. Those are what the things are attractive that’s what we feel very comfortable with this and for and for people at home that almost seems like it almost doesn’t seem like them the magic bullet that is so spherical right but we’ve seen I’ve seen pics in the past when you put a press release back I think for the PAC it’s just really difficult to get that spherical point it seems like so do we have that big of a product hedge on on most of the. Lawyers out there right now yes yes just because it’s it’s it’s not very difficult is not that many technologies to do this okay. Last minimization is one well the reason we’re not too pleasant to some of the specifics of what the producers are looking for but we’re we’re basically inventing a new version I affectionately call the plasmetization which is an extension of level to the station which basically does the spherical material all the other material are either chemical deposition in the Siemens reactor which basically out of the soul agree doesn’t industry in that does not wires with with a selain gas which is a highly explosive materials I think so far at this year’s number 4 plans of blew up with those material holy hell that. No like even Walker bill the new plant in the U. S. and twice they had fired explode. No it you if you do a quick search on selling gas you’ve just found a few interesting videos on YouTube. Anyway that’s that that’s one of the technologies the other one is it is physically grinding the material to the shape you want to walk sorry to tell you but once you get into the size we’re looking for you cannot grind something he’s perfectly. That’s okay that’s the end and it’s a mess I’m glad you said that because people even me what just might assume okay how difficult is it get something spherical but clearly your explain that no plans are blown up trying to get this done. Let’s talk about looking forward to this an amazing milestone naturally but there was 1 statement H. P. Q. nano looking forward to the December 12/3/2020 start of the Gen 1 PUREVAP NSR reactor in order to start delivering material and here’s the key as we work to keep up with the expected strong interest in our nano silicon products first of all you got appeal so that just gives that statement much more credibility right off the bat what indications you have from now that indication that interest will be strong. Well we also have NDAs with people that want to so we saw some people give us PO some people make a sign NDAs and ask for material does this is this is how we want. So that’s how we know and I can I can just. You know I can just get a good feeling regarding number people trying to contact me how people in the industry to come around there isn’t that many people that will have this ability to to deliver deliver the material out there no I’m I’m and I’m looking to distribute my material at large more more people research center so there’s gonna be more more plausible we do so by the time margin 2 reactors it’s going to come along the way can really deliver more higher quality material you know we anticipate that to be a very high high demand product record will be produced at the Jan one is perfect because for now no would be playing it known be placing a mass purchase order anyways they just want smaller smaller material sizes so here’s a question I have if if all your indications are correct and long you been right up at this point there’s no reason to doubt that that’s the great part you know what what could be your capacity for the number of different auto manufacturers research facilities and other renewable energy companies up that could be requesting materials for you by the time December rolls are because I have to assume this puts on the map right there the entire industry has probably heard about this are about to hear about this so is our capacity for the number of materials you can be sent to you you could be sending out for testing at the the different companies like this one but just by the purchase order yeah yes when we had discussion with with pyrogenesis about how we would be you know scheduling organizing ourself and doing everything else the decision to make the D. D. D. general on the small machine. And this in its size and skip past he was fundamentally designed to be able to meet what we thought we anticipate will be a preliminary demand until we get the other machine goal and it was sort of like a trade off we decided to do we decided basically to build 2 machine instead of just having one is going to be one reason why we did that is 8 with when you go to machine the first machine basically you know it’s you know there’s a there’s a bit of are in deep research and destroy and we learned a lot through these processes the second ball I’ll be capable or furnishing samples everything else so it was you know basically killing 2 birds one stone sure and and that and that’s what we did and seems to be paying off now. You know I I have a good idea with depending on the tears you know it can be universally laboratory can be as small as a few grams to somebody’s gonna ask for 10 kilograms so it’s it’s gonna it’s gonna hop between those amounts that we need in the machine I had the the the capacity to deliver this at the same time for us to be able to learn about all the material I get asked a lot often the questions how sure you guys can make it thank you to all the people thought we don’t have any issue about making. The key the key point for us is how do we collected render it okay to be transported make sure we have we don’t contaminate all the stuff that but those are not the issues that are you know that worrisome for us because it borrows a big expertise in this regard. Yeah for people at home who are watching for the first time learning about a speaking for the first time the partner nation acute analyst pyrogenesis Canada who as commercialized their power their spherical titanium powders with some the largest 3 D. industrial printing companies in in Europe they’re pleasant knowledge is being used on 2 aircraft carriers if for the United States and 2 more aircraft carriers with the just place an order so you know PyroGenesis has proven that they can do that they can deliver global app application at a global scale so that’s what that’s what Bernard is referred to in so much confidence and you bring that up and my next question was this the Peter Pascali quote I think was maybe most president of all the great information already inside this press we saw I’m gonna read the last part in which he says as a technology provider would be the first to say that nothing is guaranteed in every new application there will always be challenges along the way both anticipated and unanticipated with that in mind we’re happy to know that at this point in time we see nothing that should prevent us from successfully producing the desired powders using the PUREVAP nano silicon reactor I mean execution risk is always a concern and we’ve seen other companies the past who have been able to make it out of the lab after so much great promise and here you have an incredible technology partner saying as of right now there’s nothing to prevent you if Peters writes. And again how can you doubt him if he’s right how significant of the player does HPQ become In the world market for this space for this product in the space of nano silica what this technology is going to give us is there is a range you have to understand that in the resort confidence appears to office team is this is sort of an extension of what they’ve already done with plasma donation as I said but we’re dead we’re not entering a range of products that look not too many people can do from the National Science to one to 5 microns okay maybe a bit bigger that’s that’s about 3 and those are those are significant markets their guard technology’s going to deliver and this is what we’re pushing and Carol has developed this is done this kind of a track record has technical team behind this and I’d like to reach it read it here it repeat sorry could reiterate what they reiterate I’ll use it sometimes when phonetic accents statistics in your mind frame that is added Saturday right inside of the 2 yeah yeah what my. Yeah yes this is certainly we can lose my my train of thought well you want to reiterate is that you want to add a review yet the jury that Pyrogenesis doesn’t get involved with the project okay. Unless they can they know they can scaled up to commercial scale. Pyrogenesis is not for R&D it’s an R&D to develop cross on the incredible opportunity to each piece you had this we sort of been able to develop a product line is very close to what Pyrogenesis that’s basically using the field of expertise of our genesis and basically just because it’s about to explode the national silicone you know was on the radar of us that are excited about select when you want when you all must mean is show about it shows through for vice the slight about it even though it doesn’t overly simplified but still it it tracks the interest and everything is there and we’ve been working on this for for 5 years all my competitors in the field okay. They’re doing is they’re taking solar grade silicon plain black you know what we what we were building to and using that to try to make the materials for batteries okay by default any polysilicon plant any plant that does basically the soul of it it’s a legal matter uses as feedstock metallurgic would sort of come up okay. We use as feedstock our own metallurgic saloon model that we produce or any cheaper. In the moment you had you know it’s an old board people technicality in the Saturday. I think I was all too good to one okay well it’s the same process that they were using so so it’s the same issue that that that we face in the wilderness solar springs but we don’t need the the purity so we went all over you the the bottom line everything else this is why it’s so. Our position is so unique just as this market is about to explode the man for this is gonna be hyper law hyperbolic okay that’s how that’s the way it’s going to be right now if you read all the research material there’s not enough raw material okay for all the E. V. guard that people want to build. That’s the bottom line. So we’re in the right space what else can I say it’s sad event at which you think would be fair to say and maybe that’s a stretch but would it be fair to say Bernard that if you’re actually able because up until now it seems like the industry has been hampered by the fact that there just isn’t a lot there there’s a lot of capacity right there’s a lot of supply capacity if you guys can actually do is you’re saying and doing as Peter thinks are going to deliver that that could actually increase the accelerate sorry the speed the growth speed of the of the electric car market at the end the day it will but it’s the pathway is already ridiculously good state like it’s new if if you look at the map it’s a shortage there’s no shortage of material all over the place so when one of the reason why they’d want to go the key equation is reducing the cost of making the car and route in reducing the cost of running it of operating okay in the solar field I can tell you to you know 20 years ago nobody believe the movie making solar cheaper than all the other carbon based energy now it’s the case it’s since been dug up and the same thing is going to happen this week so. Since I have a background and I understand a study very much what happens solar industry I fully anticipate the same thing’s gonna happen baggage so since the beginning HPQ because technologies have been position for that reality is going to be coming which is massive growth in the mail lot of people trying to produce material at the same time okay this is only going to be a few winners and I’m making sure that we’re positioned to beat that winter that’s the bottom line of what we’re doing and. It’s you know it’s nice for Bernard to say this but I think we’ve build technological know Dream Team car to make information. Yep because in the past we’ve seen companies fail because it’s a. George in a couple of guys in the couple labs and they make all sorts of big promises but it’s really George a business guy with some lab partners and we can never scaled everything collapse where is here apple also older we have really talk about them they’ve delivered around the world they’re renowned pyrogenesis is blue generating tens of millions of dollars in revenue or these orders anyway from the U. S. navy from manufacturers and end in the middle east do you name it they’re they’re generating and so that’s the big difference this team actually has a history of delivering this kind of technology last question when I ask you. If the car market was the only market for these powders that would be good enough obviously right but the fact of matter is like all technology I expected to pervade other parts of our lives into a place that we weren’t expecting so where else can you go with these powders you colluded to something the past what we’re up now that you’re getting orders we have to revisit that conversation which is where else can you go wires can you get these powder grow into. Well the the easiest low fruit for us to to pick on and to deliver on this actually the one that all of our partners but also silicon for hydrogen I believe in in the short to medium term will be a bigger draw bigger demand on just to give a pair of free. Just on the first commercial Wilder for smaller system I was having a discussion with guys anything can converted their material to our power thank you know we’ll we’ll know that the server will send the material you know that would basically take almost a full production legend to react on an annual basis and I just want to order from the so that is exciting hello there’s more there’s more of this and the beauty of. The work with apple’s first what happens a shareholder reach peak use that also double as motivates them to do that the to work with us second of all the guys about below are you a world renowned expert on silicon and everything has to do with hydrolysis of creating hydrogen with silicone powers they’ve done so when you know the confidence that Peter has when he says that you know the machine’s going to work when I taught them using our power is going to work says part artisanal reading if I was not gonna work you just gotta do it wants to be able to show up and then we’ll work on how to move it how to for us to become a better so think about this it’s like you know having the 3 D. more 3 D. printing market all of yourself and you’re the only one that can produce in the chair. The better the better but you’re. So that’s another massive you know and and I said the the prestigious another massive massive skin so I act I mean in what HPQ she was an excellent position when it comes down and says now and talk with the people from the energy in the battery sector okay plus there are other markets just in there many other market where a product is going to be the high demands everything else so we’re well positioned to to develop multiple least successful business line based on our nano reactor technology so do you see yourself almost becoming looked that’s what that was pyrogenesis claim to fame when we start working with them 3 years ago or so old that they had this great core technology that started winning and start developing applications and winning business in multiple verticals so do you HPQ starting to take that same path of next couple years. Yes but focused on so little that’s what we say we’re innovative silicone solution provider that’s literally what we are I’m pretty sure that there will be demands it you can’t even think about we’re actually we’re actually now do some brainstorming guys up alone all the other. Nice high value niche market because the reality is the battery markets quickly going to become involved in market at so basically volume means lower profit margin but I will. But there are plenty of you know any of other markets where you can be high value to it this being said it’s gonna be a great market the battery space don’t get me wrong it’s going to be a massive one but I’m just telling people that you know. We’re not putting all our eggs into one basket we’re not putting all our eggs we just one car manufacturer and I’m gonna put all over it we want to be that good company to the go to company for silicon solutions and we believe that we have to go to do. Bernard that’s exciting not just because you’re saying it because you just you just pulled it off you’ve delivered you buy receive your first Porcher purchase order you and the team at H. B. Q. you and the team at pyro and apple also when you talk about how when you wait when you make statements like that it just has tremendous credibility and again I can kind of saying this after milestone but. Right it’s amazing to see that HPQ took the road less traveled when all the silicon road were mostly for going down the other roads and and here you are way ahead of everybody congratulations man you make sure you have a beer tonight on on me and everybody else enjoy the weekend. Maybe one in French. thanks for all right have a great day have a great weekend buddy thanks bye. For 1 at home you’ve been watching or if you’ve been listening my podcast could you can do that too you’ve been watching Bernard today all chairman CEO of HPQ silicon trade to the venture on the stock symbol HPQ for those who are new to the story you know what you gotta do you know where to go but for those who knew and we’re getting more more people in Bernards telling to get more more calls every day from people are we know there’s a lot of information here for you to consume so the first place to start is get to the hub the HPQ hub on AGOARACOM to the profile page take all the information we’ve kind of laid out there for you to make it easier to really understand all the power of the gist of where they’re going then watch the last 3 or 4 videos fact I would say watch all the 2020 videos that we’ve done with Bernard because that that shows the path of growth and shows that in fact everything Bernard says he delivers and then finally get to the HPQ silicon site that you connect to from the gore come to do your final due diligence and hopefully you’ve discovered your next amazing small cap company on a gore come have a great day everyone.
The official Benzinga Fintech Listmakers are comprised of 250 carefully vetted and renowned companies & executives who are striving to revolutionize the industry.
TORONTO, ON and GIBRALTAR / October 27, 2020 / KABN Systems NA Holdings Corp. (CSE:KABN) (the “Company” or “KABN North America“), a Canadian Fintech company that specializes in continuous online identity verification, management and monetization in Canada and the US, is pleased to announce that it was named to the Benzinga Global Fintech Listmakers and recognized for Best Use of Blockchain.
To celebrate its sixth anniversary, Benzinga is honoring the winners for the advancements they’re making in financial technology in a new and improved way.
The official Benzinga Fintech Listmakers are comprised of 250 carefully vetted and renowned companies & executives who are striving to revolutionize the industry. From deeply established companies to the newest startups, this group is impacting sectors like payments, banking, investing, technology and financial literacy.
This list of carefully selected companies will be honored each year as Benzinga continues to highlight the fintech industry’s most innovative minds.
“We’re recognizing the companies that will define the future of our financial lives,” says Benzinga CEO Jason Raznick. “Since the inaugural Benzinga Fintech Awards in 2015, our listmakers have closed $300 million in deals and partnered with some of the biggest players in the industry. We look forward to honoring these players for years to come, as well as finding the next generation of fintech.”
“We are very proud to be named a Benzinga Listmaker for Best Use of Blockchain. This honor provides confirmation of the dedication and hard work our team has to industry innovation and our stakeholders, as we work to become a leader in the digital identity arena and the evolving Blockchain industry,” said CEO, David Lucatch. “It was very excited to be considered for Best API, and Innovation During Covid-10, but we believe that Best Use of Blockchain most accurately reflects the value we are building.”
KABN North America continues to help define the digital identity landscape through our Liquid Avatar platform (www.liquidavatar.com) and our KABN ID, KABN Cash and KABN Card solutions. With Liquid Avatar, a user can verify, manage and control their online identity and data use permissions through Blockchain based digital credentials and image based icons and share what they want, when they want and who they want as easily as sharing their personal Liquid Avatars. Liquid Avatar puts control of digital identity and data back where it belongs – in the hands of users.
Benzinga is a dynamic and innovative financial media platform that empowers investors with high-quality, unique content with the goal of making information easier to consume. Benzinga’s mission is to connect the world with news, data and education that makes the path to financial prosperity easier for everyone, everyday.
Benzinga is the leading full-service, one-stop shop for investors of all stripes and styles.
About the Benzinga Fintech Awards
The Benzinga Fintech Awards is an exciting, forward-looking competition to highlight the companies and individuals with the most impressive technology, advancement and innovation who are building the future of financial services and capital markets.
This year, Benzinga is proud to join forces with Envestnet | Yodlee to facilitate the most beneficial education and impactful networking in the quickly changing space.
KABN Systems NA Holdings Corp. through its wholly owned subsidiary KABN Systems North America Inc. focuses on the verification, management and monetization of digital identity, empowering users to control and benefit from its use of their online identity. KABN propriety technology suite includes 4 key products:
Liquid Avatar allows users to create high quality digital icons representing their online personas. These icons, in conjunction with KABN ID, allows users to manage and control their Digital Identity and to use Liquid Avatars to share public and permission based private data when they want and with whom they want. www.liquidavatar.com
KABN ID is an Always On, biometric and blockchain based digital identity validation and verification platform allowing users to continuously and confidently prove themselves throughout the online community.
KABN Card is a Visa approved prepaid card program allowing users to manage both digital and fiat currencies and earn cashback and other loyalty incentives. www.kabncard.com
KABN KASH is a cashback, loyalty and engagement program that powers the KABN revenue ecosystem.
KABN provides its products and services at no cost to consumers and generates revenues through permission-based partner programs. www.kabnkash.com
The CSE has not reviewed and does not accept 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, any securities under the KABN Financing in the United States. 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 any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Forward-Looking Information and Statements
This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control. Generally, such forward-looking information or 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 may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein may include, but is not limited to, information concerning the ability of the Company to generate revenues, roll out new programs and to successfully achieve business objectives, and expectations for other economic, business, and/or competitive factors.
By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; compliance with extensive government regulation. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.
Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.
Posted by AGORACOM-JC
at 10:43 AM on Tuesday, October 27th, 2020
Currently, supplying COVID-19 Tests for thirteen film productions launched in Vancouver, with additions in Montreal, and Toronto.
Currently executing over 4000 tests per week.
Top-line revenue estimates from the current work is approx. $20 million.
Toronto, Ontario–(October 27, 2020) – Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTC Pink: DTMXF)(the “Company” or “Datametrex”) is pleased to update its shareholders on the growth of film and television production COVID TESTING. As Film and Television studios continue to expand productions throughout Canada, Datametrex is being requested by its current clients to take on more coronavirus testing for their portfolio of productions across the country.
The Company has also been approached by additional film and studio companies for Datametrex to assist with fulfilling the studio with their own testing needs. Based on these current contracts, and additional opportunities for testing services which the Company is pursuing and in discussions for, management believes that the Company is on track to achieve approximately 4,000 tests per week, based on current operations Datametrex, current cost and revenue model, would result in revenue of approximately $20 million over the next 28 weeks. There can be no assurance or guarantee that this revenue amount will result for the Company.
The global film and video market is expected to decline from $252.9 billion in 2019 to $244.4 billion in 2020 at a compound annual growth rate (CAGR) of -3.4%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 5% from 2021 and reach $284 billion in 2023.
Marshal Gunter, CEO, said, “I must first say thank you to the entire team at Datametrex along with the medical and lab professionals for their tireless work at the company. We are ramping up our business to meet increasing demand and our expectation based on what we are seeing in the market is to execute on approximately 10,000 tests per week on a progressive basis. We are witnessing a paradigm shift within the film industry. With the advent of movie theaters being closed in numerous regions around the globe due to government enforced shut downs by coronavirus, film and television companies rely more on at-home streaming services to maintain a robust revenue model. Content production is key to this and Canada is a major platform for content development. The demand remains high for qualified medical professionals from the private sector to be on site, and in the lab, ensuring complete and timely delivery of coronavirus tests supplied by Datametrex.” He continued, “with our growing revenue model, we remain committed to our shareholders and will announce further developments with additional conference calls and press releases in the coming weeks.”
About Datametrex
Datametrex AI Limited is a technology-focused with exposure to Artificial Intelligence and Machine Learning through its wholly-owned subsidiary, Nexalogy (www.nexalogy.com). Datametrex’s mission is to provide tools that support companies in fulfilling their operational goals, including Health and Safety, with predictive and preventive technologies. By working with companies to set a new standard of protocols through Artificial Intelligence and health diagnostics, Company provides progressive solutions to support the supply chain. 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
Certain statements including in this news release contain “forward-looking information” or constitute “forward-looking statements” within the meaning of applicable securities laws. Such forward-looking statements or information are provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes 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, including the dollar amount of revenue anticipated as disclosed in this press release.
Forward-looking statements or information are based on current expectations, estimates and projections that involve several risks and uncertainties, which could cause actual results to differ materially from those anticipated by the Company and described in the forward-looking statements or information. These risks and uncertainties may cause actual results to differ materially from the forward-looking statements or information.
Readers are cautioned that the foregoing list is not exhaustive of all possible risks and uncertainties. Readers are also 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 time such forward-looking information is made. 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.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
