AtmanCo Completes the Acquisition of VuduMobile and Signed a Letter of Intent to Acquire Appwapp
Momentum Public Relations
Press Release: October 3, 2017
MONTREAL, QUEBEC–(Marketwired – Oct. 3, 2017) – AtmanCo Inc. (“AtmanCo” or the “Company”) (TSX VENTURE:ATW) is pleased to announce the completion of its previously-announced acquisition of VuduMobile for a total purchase price of $600,000, including $250,000 paid cash immediately, $288,560 through the immediate issuance of 1 697 411 common shares at a price of $0.17, $11,440 as a debt assumed and $50,000 as a balance of sale payable in two equal payments of $25,000 in six and twelve months from closing. The balance of sale will be adjusted by an amount equal to the surplus or deficit of a working capital ratio of 1.20x as well as for uncollected accounts receivable 120 days after closing. For more information on the acquisition of VuduMobile, please see the Company’s press release dated August 16, 2017.
Acquisition of Appwapp
The Company also announced the signature of a letter of intent for the acquisition of all the outstanding shares of Services Appwapp Inc. (“Appwapp”) for a total purchase price of $300,000, including $150,000 paid cash at closing, $125,000 through the issuance of common shares at closing at a price equal to the last weekly average closing price and $25,000 as a balance of sale payable in two equal payments of $12,500 in six and twelve months from closing. The balance of sale will be adjusted by an amount equal to any deficit to a working capital ratio of 1.20x as well as for uncollected accounts receivable 120 days after closing.
Appwapp offers web and mobile development services to a diversified corporate customer base including VuduMobile, a company newly acquired by AtmanCo.
The closing of this transaction between AtmanCo and VuduMobile, which are dealing at arm’s length, is conditional among other things on AtmanCo carrying out a satisfactory due diligence on VuduMobile, obtaining financing with size, terms & conditions to be determined and obtaining all necessary regulatory approvals. Closing of the transaction is expected on or about October 16, 2017. No commission is payable and no change of control will result.
Additional information regarding the Company is available on SEDAR www.sedar.com. The TSX Venture Exchange and its Regulatory Services provider (as per meaning assigned to this term in TSX Venture Exchange’s policies) bear no liability as to the relevance or accuracy of this press release.
Forward-Looking Statements Disclaimer
Certain statements in this press release may be forward-looking. Such statements include those with respect to the closing of the acquisition of Appwapp, the closing date thereof, the potential effect of that acquisition on the Company, the Company’s ability to raise funds and the use of the proceeds raised thereunder. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Such assumptions, which may prove incorrect, include the following: (i) All of the conditions for the transaction will be met. In particular, AtmanCo will complete a satisfactory due diligence on Appwapp’s operations, finances, legal condition, etc., (ii) AtmanCo and Appwapp’s shareholders will successfully negotiate and enter into a purchase agreement and other documents relating to the transaction, (iii) AtmanCo will successfully obtain the necessary regulatory approvals for the acquisition of Appwapp on commercially-acceptable terms, (iv) the acquisition of Appwapp will allow AtmanCo to achieve the anticipated synergies, in particular with respect to Appwapp’s clientele, products and geographic markets, (v) AtmanCo will be successful in its efforts to identify and secure investors for its financing and (vi) AtmanCo’s management will not identify and pursue other business objectives using the proceeds of the financing. Factors that could cause actual results to differ materially from expectations include (i) the discovery in the course of the due diligence of negative factors with respect to Appwapp that would prevent AtmanCo from proceeding with the acquisition, (ii) the failure of the negotiations between the parties with respect to the final documentation, (iii) the Company’s inability to achieve the anticipated synergies for any reason, including the refusal of Appwapp’s clients to refuse to acquire AtmanCo’s services or technical issues that prevent the integration of AtmanCo’s systems with those of Appwapp, (iv) the Company’s inability to secure investors for its financing, (v) the Company’s inability to make effective use of the funds raised for its financing, (vi) the Company’s inability to obtain the necessary regulatory approvals for the acquisition or its financing, (vii) labour disputes or the materialization of similar risks, (viii) a deterioration in capital market conditions that prevents the Company from raising the funds it requires on a timely basis and (ix) generally, the Company’s inability to develop and implement a successful business plan for any reason.
A description of other risks affecting AtmanCo’s business and activities appears under the heading “Risks Factors and Uncertainty” on pages 9 and 10 of AtmanCo’s 2016 annual management’s discussion and analysis, which is available on SEDAR at www.sedar.com. No assurance can be given that any events anticipated by the forward-looking information in this press release will transpire or occur, or if any of them do so, what benefits that AtmanCo will derive therefrom. In particular, no assurance can be given as to the future financial performance of AtmanCo. AtmanCo disclaims any intention or obligation to update or revise any forward-looking statements in order to account for any new information or any other event, except as required under applicable law. The reader is warned against undue reliance on these forward-looking statements.
ABOUT ATMANCO
AtmanCo (TSX VENTURE:ATW) is a leader in information technology in the telecom industry, owner of several web platforms including VoxTel, Québec Rencontres, Atman and Bloomed. VoxTel offers various interactive landline and mobile phone solutions, as well as carrier billing and SMS features. Quebec Rencontres is a web and mobile social network application catered to building serious and sustainable relationships. Atman and its APIs enable companies to optimize their human capital. Bloomed is a cloud-based platform to manage data (smart data) on consumers and their behaviors, which is developed for marketing agencies and their campaigns for the consumer and corporate markets.
AtmanCo inc.
Michel Guay
Founder, president and CEO
514.935.5959 ext. 301
mguay@atmanco.com
www.atmanco.com
Simon Bedard, CA, CPA, CFA, MBA
CFO
514.935.5959 ext. 304
sbedard@atmanco.com
- Published in Atmanco, News Home, Technology
Sirona Subsidiary, TFChem, Receives Final Loan Tranche from French Public Investment Bank for Anti-Aging Project
Momentum Public Relations
Press Release: September 27, 2017
VANCOUVER, BC–(Marketwired – September 27, 2017) – Sirona Biochem Corp. (TSX VENTURE: SBM) (FRANKFURT: ZSB) (XETRA: ZSB), (the “Company”) announced that its wholly-owned French subsidiary, TFChem, has received the final tranche of the CDN$1.2 million from Bpifrance (the French Public Investment Bank) and the district of Haute Normandie. The final loan tranche, totaling CDN$487,000, will be used to advance the organization’s anti-aging project.
Repayment of the loan will be made in installments, beginning in Q3 2018 with the majority being paid after 2020. The company expects to be well into substantial milestone and royalty payments before any repayment of the loan begins.
According to the latest report by Zion Market Research, the global anti-aging market is expected to reach USD 216.52 billion in 2021 and is anticipated to grow at a CAGR of 7.5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} between 2016 and 2021.
“The final loan tranche will be used to further the studies for anti-aging activity and mechanism of action of the glycoprotein library compounds,” reports Dr. Howard Verrico, CEO and Chairman of Sirona Biochem, “We would like to extend our gratitude to Bpifrance and the district of Haute Normandie.”
About Sirona’s Cell Preservation / Anti-Aging Project
TFChem has developed a library of novel glycopeptides with a unique ability to protect skin fibroblasts from severe stressors that arise from the natural aging process and the environment. Studies have shown that cells coated in these glycopeptides, even when exposed to oxidation, starvation and UV irradiation, maintain vitality under the stressors.
While the compounds have undergone several rounds of testing for activity, they require further assessment to determine a mechanism of action. The library is also being evaluated for effectiveness in preserving other cell types, expanding market opportunity. Potential commercial opportunities could include cell storage, transplant and healing.
About Sirona Biochem Corp.
Sirona Biochem is a cosmetic ingredient and drug discovery company with a proprietary platform technology. Sirona specializes in stabilizing carbohydrate molecules with the goal of improving efficacy and safety. New compounds are patented for maximum revenue potential.
Sirona’s compounds are licensed to leading companies around the world in return for licensing fees, milestone fees and ongoing royalty payments. Sirona’s laboratory, TFChem, is located in France and is the recipient of multiple French national scientific awards and European Union and French government grants. For more information, please visit www.sironabiochem.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Sirona Biochem cautions you that statements included in this press release that are not a description of historical facts may be forward-looking statements. Forward-looking statements are only predictions based upon current expectations and involve known and unknown risks and uncertainties. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of release of the relevant information, unless explicitly stated otherwise. Actual results, performance or achievement could differ materially from those expressed in, or implied by, Sirona Biochem’s forward-looking statements due to the risks and uncertainties inherent in Sirona Biochem’s business including, without limitation, statements about: the progress and timing of its clinical trials; difficulties or delays in development, testing, obtaining regulatory approval, producing and marketing its products; unexpected adverse side effects or inadequate therapeutic efficacy of its products that could delay or prevent product development or commercialization; the scope and validity of patent protection for its products; competition from other pharmaceutical or biotechnology companies; and its ability to obtain additional financing to support its operations. Sirona Biochem does not assume any obligation to update any forward-looking statements except as required by law.
For more information regarding this press release, contact:
Christopher Hopton
CFO
Sirona Biochem Corp.
Phone: 1.604.282.6064
Email: chopton@sironabiochem.com
- Published in Bio technology, Life Sciences, News Home, Sirona Biochem, Technology
Intema launches all-new Canvas(TM) feature integrated in email marketing platform eFlyerMaker
Momentum Public Relations
Press Release: September 21, 2017
MONTREAL, QUEBEC–(Marketwired – Sept. 21, 2017) – Intema Solutions Inc. (“Intema” or the “Corporation“) (TSX VENTURE:ITM) launched Canvas™, a graphic editing tool fully integrated within eFlyerMaker and unveiled a revised version of eFlyerMaker, bringing it up to the highest standards of evolving needs of email marketers.
Canvas™ is a built-in graphic editing tool packed with many features to fully customize user’s newsletters. It is the most advanced user-friendly and professional like design tool available right within the email software. With Canvas™ eFlyerMaker users can be more productive and more intuitive than ever and can launch a campaign directly from Canvas™. Customers have expressed the needs to create content both written and visual without ever having to exit eFlyerMaker.
This new graphic editing tool comes with a selection of 140 fonts, the largest selection available in email marketing software on the market and three different editor modes; Drag&Drop, Classic WYSIWYG, and basic HTML.
The revision of eFlyerMaker brings more features to build email content faster, easier and more responsive. It does have a number of features previously absent and brings the software up to unreached standards by competing applications.
A new segmentation tool was added; behavioral segmentation allows marketers to be even more select on who received the emails sent through the app. It allows segments to be based on certain pre-defined activities by the subscribers automatically. Adding this segmentation tool to the already integrated Artificial Intelligence MatcherAnalytics predictive functionality offers marketers the most advanced and modern marketing application for relevant and engaging communication with subscribers.
The revision of eFlyerMaker and the integration of Canvas™ “reaffirms our commitment to the online marketing community and it is also a guarantee that we remain on the lookout for the new needs of customers” said Sebastien Plourde CTO.
Intema intends to launch an intensive “Inbound” marketing campaign to increase the number of users and paying customers. The company focuses on financing marketing through private placement and revenues generated by medium and larger size accounts.
About INTEMA SOLUTIONS Inc.
INTEMA’s mission is to integrate technologies to marketing. The company develops technologies for marketing and services related to predictive marketing, relationship marketing and database marketing. Since its inception, INTEMA has dedicated its efforts to deliver key solutions to the marketing industry.
For more information, please visit our corporate website at intema.com and our product websites eflyermaker.com and matcheranalytics.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined on policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Roger Plourde
CEO, Intema Solutions, Inc.
(514) 861-1881
roger.ploude@intema.ca
www.intema.ca
- Published in Intema Solutions, News Home, Technology
Sirona Biochem Announces Resignation of Board Director
Momentum Public Relations
Press Release: September 13, 2017
VANCOUVER, BC–(Marketwired – September 13, 2017) – Sirona Biochem Corp. (TSX VENTURE: SBM) (FRANKFURT: ZSB) (XETRA: ZSB) announced today the resignation of Dr. Martin Gleave from the board of directors. Dr. Gleave is involved in a new venture that could result in a potential conflict. Accordingly both Dr. Gleave and the Company felt a resignation was most appropriate.
“We’d like to thank Dr. Gleave for his contribution to our company,” said Dr. Howard Verrico, CEO. “We wish him well in his future endeavors.”
About Sirona Biochem Corp.
Sirona Biochem is a cosmetic ingredient and drug discovery company with a proprietary platform technology. Sirona specializes in stabilizing carbohydrate molecules with the goal of improving efficacy and safety. New compounds are patented for maximum revenue potential.
Sirona’s compounds are licensed to leading companies around the world in return for licensing fees, milestone fees and ongoing royalty payments. Sirona’s laboratory, TFChem, is located in France and is the recipient of multiple French national scientific awards and European Union and French government grants. For more information, please visit www.sironabiochem.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Sirona Biochem cautions you that statements included in this press release that are not a description of historical facts may be forward-looking statements. Forward-looking statements are only predictions based upon current expectations and involve known and unknown risks and uncertainties. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of release of the relevant information, unless explicitly stated otherwise. Actual results, performance or achievement could differ materially from those expressed in, or implied by, Sirona Biochem’s forward-looking statements due to the risks and uncertainties inherent in Sirona Biochem’s business including, without limitation, statements about: the progress and timing of its clinical trials; difficulties or delays in development, testing, obtaining regulatory approval, producing and marketing its products; unexpected adverse side effects or inadequate therapeutic efficacy of its products that could delay or prevent product development or commercialization; the scope and validity of patent protection for its products; competition from other pharmaceutical or biotechnology companies; and its ability to obtain additional financing to support its operations. Sirona Biochem does not assume any obligation to update any forward-looking statements except as required by law.
For more information regarding this press release, contact:
Christopher Hopton
CFO
Sirona Biochem Corp.
Phone: 1.604.282.6064
Email: chopton@sironabiochem.com
- Published in Bio technology, Life Sciences, News Home, Sirona Biochem, Technology
Atmanco Announces Revenues of $3.1M and Profit of $158k for it’s Second Quarter of 2017
Atmanco Announces Revenues of $3.1M and Profit of $158k for it’s Second Quarter of 2017
Momentum Public Relations
Press Release: August 24, 2017
AtmanCo Inc. (“AtmanCo” or the “Company”) (TSX VENTURE:ATW) announces its quarter results ending June 30, 2017.
Highlights of the second quarter:
- Revenues up by $2.8m from last year to reach $3.1m.
- Revenues up by $354k or 13{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} from previous quarter.
- Order book of $11.1m, up by $10.4m from last year and by $1.7m from previous quarter.
- EBITDA (operating income) up by $127k from last year and by $262k from previous quarter.
- Net income of $158k, up by $441k from last year and by $729k from previous quarter.
- Cash flows from operations of $109k, up by $388k from last year and by $316k from previous quarter.
- Cash position totalled $453k, a $367k increase from previous quarter.
“In the second quarter of 2017, we have completed the integration and harmonization of VoxTel activities into AtmanCo and pursued the development of promising business opportunities for the future.
In line with our business plan of being the leader in products monetization in the telecom industry, we put our efforts to finalize our recently announced acquisition projects of PlusMobile and VuduMobile while we continue to be on the lookout for other potential acquisitions in this fast growing market”, said President and CEO of AtmanCo, Michel Guay.
The above data includes a summary of highlights. For further information, please consult the Corporation’s interim consolidated financial statement as well as the Management Report for the quarter ended June 30, 2017 at www.sedar.com
Forward-Looking Statements Disclaimer
This press release contains forward-looking statements that reflect the Company’s current expectation regarding future events. There is a risk that expectations and forward-looking statements will not prove to be accurate. Readers are cautioned not to place undue reliance on these forward-looking statements as they involve risks and uncertainties, which could make actual results differ materially from those projected herein and depend on a number of factors including, but not limited to, no history of profitability, future financing, intellectual property and patents, key personnel, competitive marketplace, technology obsolescence, share price volatility and other risks detailed from time to time in the Company’s filings. While AtmanCo anticipates that subsequent events and developments may cause its views to change, AtmanCo specifically disclaims any obligation to update these forward looking statements, unless obligated to do so by applicable securities laws.
Additional information regarding the Company are available on SEDAR www.sedar.com
The TSX Venture Exchange and its Regulatory Services provider (as per meaning assigned to this term in TSX Venture Exchange’s policies) bear no liability as to the relevance or accuracy of this press release.
ABOUT ATMANCO
AtmanCo (TSX VENTURE:ATW) is a leader in information technology in the telecom industry, owner of several web platforms including VoxTel, Québec Rencontres, Atman and Bloomed. VoxTel offers various interactive landline and mobile phone solutions, as well as carrier billing and SMS features. Quebec Rencontres is a web and mobile social network application catered to building serious and sustainable relationships. Atman and its APIs enable companies to optimize their human capital. Bloomed is a cloud-based platform to manage data (smart data) on consumers and their behaviors, which is developed for marketing agencies and their campaigns for the consumer and corporate markets.
AtmanCo Inc.
Michel Guay
Founder, President and CEO
514.935.5959 ext. 301
mguay@atmanco.com
Simon Bedard, CA, CPA, CFA, MBA
CFO
514.935.5959 ext. 304
sbedard@atmanco.com
www.atmanco.com
- Published in Atmanco, Financial Technology, Mobile Technology, News Home, Technology
Sirona Biochem Receives TSX Venture Exchange Approval on Warrant Extension
Sirona Biochem Receives TSX Venture Exchange Approval on Warrant Extension
Momentum Public Relations
Press Release: August 23, 2017
VANCOUVER, BC–(Marketwired – August 23, 2017) – Sirona Biochem Corp. (TSX VENTURE: SBM) (FRANKFURT: ZSB), announces an extension to the term of 8,850,770 common share purchase warrants (the “Warrants”) originally issued on March 6, 2014. The warrants were issued as part of a private placement. The expiry dates will be extended as follows:
March 6, 2014 | |
Number of Warrants: | 8,850,770 |
Original Expiry Date of Warrants: | March 6, 2017 |
New Expiry Date of Warrants: | November 30, 2017 |
Exercise Price of Warrants: | $0.25 |
All other terms of the Warrants will remain unchanged.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information regarding this press release, please contact:
Christopher Hopton
CFO
Sirona Biochem Corp.
Phone: 1.604.282.6064
Email: chopton@sironabiochem.com
- Published in Bio technology, Life Sciences, News Home, Sirona Biochem, Technology
Albert (AIIM.V) Completed 42 Kimberlite Targets Evaluation Close to Renard Diamond Mine
Albert Completed 42 Kimberlite Targets Evaluation Close to Renard Diamond Mine in Central Quebec
Momentum Public Relations
Press Release: August 23, 2017
Albert Mining Inc. (the ” Company ” or ” Albert “) (TSX-V: AIIM) is pleased to announce the completion of a prospecting and till sampling program at its 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned James Bay Kimberlite project (JBK project), Laparre Diamond and Nelly Neilson Gold projects in the James Bay area, Quebec.
James Bay Kimberlite project (JBK)
Albert Mining has completed a preliminary evaluation of its geophysical targets located in the vicinity of the Renard Diamond Mine in central Quebec. A total of 42 high-priority targets exhibiting signatures of kimberlite bodies as revealed by CARDS’ (Computer Aided Resources Detection System) treatment of available data were tested through field examination of the immediate area, followed by glacial sediment sampling as required. The work was done by two senior geologists and supported by helicopter. Only three of the targets were discarded because of the presence of abundant outcrops of country rocks at the site; the remaining fall in areas of obvious glacial cover or lakes. Accordingly, a total of 45 samples of till were collected some 200 m to 600 m down-ice from the targets in order to ascertain whether they correspond to punctual sources of kimberlitic indicator minerals (KIMs). The samples were securely shipped by Albert’s staff to Overburden Drilling Management (ODM) in Ottawa for treatment and identification of KIMs. Results are expected at the end of September 2017 and will be used to help identify potential targets for follow up exploration.
Laparre Diamond
The most significant occurrence of KIMs indicated from Albert’s (formerly known as Majescor) archives for the Laparre Project Area was resampled during this campaign. The original sample hole was easily located from GPS coordinates and it was properly resampled. Concurrently, four new samples of glacial sediment were collected on a 100m-spacing line extending to the east and west sides. These five additional samples are part of the sample shipment to ODM. These results should confirm both the count and chemistry of the KIMs present at Laparre.
Nelly Neilson Gold
A number of gold-bearing till sample (20-50 visible gold grains) were followed-up through closely spaced sampling (every 100 – 150 m) along two transects drawn perpendicularly to ice flow. A higher content of Archean rock fragments observed within the till on the northernmost transect suggests proximity to the contact between Archean rocks and Proterozoic-age, quartz-rich sediments of the Otish Basin. Note that both are favorable for gold mineralization. Heavy mineral concentrates (50 g) extracted from these till samples will be submitted for analysis by INAA (Instrumental Neutron Activation Analysis) to appraise gold-in-till concentration at Nelly Neilson. All confirmation, consistent gold grades will be quickly followed-up through additional till sampling and basic prospection so as to better define the bedrock source of the gold.
About Albert Mining Inc.
Albert is a junior mining exploration company with an extensive portfolio of gold and diamond properties in Quebec. Albert also recently acquired assets from DIAGNOS Inc.’s mining division, including the Computer Aided Resources Detection System (“CARDS”). Albert can count on a multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence, and mathematics. The Company’s objective is to develop a new royalty stream by significantly enhancing and participating in the exploration success rate of mining.
For further information, please contact:
Michel Fontaine
President and CEO of Albert Mining Inc.
Telephone: 514-994-5843
Fax: 613-422-0773
Email: michel@albertmining.com
Website: www.albertmining.com
- Published in Albert Mining, Mining, News Home, Technology
Rechargeable Zinc-Air Batteries Could Threaten Li-ion’s Dominance
Rechargeable Zinc-Air Batteries Could Threaten Li-ion’s Dominance
Ongoing research on rechargeable zinc-air batteries indicates the potential of competing with lithium-ion as the power source of choice for electronic devices.
Current research on zinc-air batteries aims to transform this battery type from non-rechargeable to rechargeable. To describe how rechargeable zinc-air batteries work, we first have to look at their existing non-rechargeable counterparts, which are metal-air batteries activated by oxidizing zinc with oxygen from the air.
Non-rechargeable sizes range from very small button cells for hearing aids, to larger types used in cameras. You can’t use zinc-air batteries in a sealed battery holder because some air must come in. This battery requires oxygen in 1 liter of air for every ampere-hour of capacity.
During the discharge of a non-rechargeable zinc-air battery, a mass of zinc particles forms a porous anode, which is saturated with an electrolyte. Oxygen from the air reacts at the cathode and forms hydroxyl ions that migrate into the zinc paste and form zincate, releasing electrons to travel to the cathode. The zincate decays into zinc oxide and water that returns to the electrolyte. The water and hydroxyl from the anode are recycled at the cathode, so the water is not consumed. These reactions produce a theoretical 1.65 V, but this reduces to 1.35-1.4 V in practical cells.
It’s in the Air
Non-rechargeable zinc-air batteries have higher energy density and specific energy (and weight) ratio than other types of battery because atmospheric air is one of the battery reactants. The air is not packaged with the battery; therefore, a cell can use more zinc in the anode than a cell that must also contain, for example, manganese dioxide. This increases capacity for a given weight or volume. As a specific example, a zinc-air battery from one manufacturer with a 11.6 mm diameter and 5.4 mm height has a capacity of 620 mAh and weighs 1.9 g; various silver oxide and alkaline cells of the same size supply have a 150- to 200-mAh capacity and weigh 2.3-2.4 g.
The operating life of a zinc-air cell is a critical function of its interaction with the environment. The electrolyte loses water more rapidly in conditions of high temperature and low humidity. Because its potassium-hydroxide electrolyte is deliquescent, in very humid conditions excess water accumulates in the cell, flooding the cathode and destroying its active properties. Potassium hydroxide also reacts with atmospheric carbon dioxide; carbonate formation eventually reduces electrolyte conductivity.
Because the cathode does not change properties during discharge, terminal voltage is quite stable until the cell approaches exhaustion. Its power capacity is a function of:
- Cathode area
- Air availability
- Porosity
- Catalytic value of the cathode surface
Oxygen entry into the cell must be balanced against electrolyte water loss. Cathode membranes are coated with (hydrophobic) Teflon material to limit water loss. Low humidity increases water loss; if enough water is lost the cell fails. Button cells have a limited current drain. For example, an IEC PR44 cell has a capacity of 600 mAh, but a maximum current of only 22 mA. Pulse load currents can be much higher since some oxygen remains in the cell between pulses.
Though low temperature reduces primary cell capacity, the effect is small for low drains. A cell may deliver 80{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of its capacity if discharged over 300 hours at 0°C, but only 20{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of capacity if discharged at a 50-hour rate at that temperature. Lower temperature also reduces cell voltage.
Non-rechargeable zinc-air batteries have some properties similar to fuel cells as well as batteries: the zinc is the fuel, the reaction rate can be controlled by varying the air flow, and oxidized zinc/electrolyte paste can be replaced with fresh paste.
News_ Due to the global abundance of zinc metal, these batteries are much cheaper to produce than lithium-ion batteries. On top of that, they can store more energy (theoretically five times more than that of lithium-ion batteries), and are much safer and more environmentally friendly.
Leading the Charge on Recharging Issues
Widespread use of zinc-air batteries has been hindered by the fact that, up until now, recharging them has been difficult. This is due to the lack of electrocatalysts that successfully reduce and generate oxygen during the discharging and charging of a battery.
A new three-stage method to overcome this recharging problem was recently described in Advanced Materials. The article was authored by chemical engineering researchers from the University of Sydney (Australia) and Nanyang Technological University (Singapore).
Rechargeable zinc-air batteries show promise as a viable power-source option to lithium-ions.
According to lead author Professor Yuan Chen, from the University of Sydney’s Faculty of Engineering and Information Technologies, the new method can be used to create bifunctional oxygen electrocatalysts for building rechargeable zinc-air batteries from scratch. The figure shows a prototype of one of their rechargeable zinc-air batteries.
“Up until now, rechargeable zinc-air batteries have been made with expensive precious metal catalysts, such as platinum and iridium oxide,” he said. “In contrast, our method produces a family of new high-performance and low-cost catalysts.”
These new catalysts can then be applied to build rechargeable zinc-air batteries. They are produced through the simultaneous control of their:
Paper co-author Dr Li Wei, also from the University’s Faculty of Engineering and Information Technologies, said trials of zinc-air batteries developed with the new catalysts had demonstrated excellent rechargeability—including less than a 10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} battery efficacy drop over 60 discharging/charging cycles of 120 hours.
“We are solving fundamental technological challenges to realize more sustainable metal-air batteries for our society,” added Professor Chen.
Research on zinc-air batteries is also ongoing at the University of Waterloo in Canada. Their research focus is on the development of novel bifunctional catalysts capable of catalyzing both the oxygen reduction (battery discharge) and oxygen evolution (battery recharge) reactions to create practically viable rechargeable zinc-air batteries. In addition, they focus on the design and performance optimization of both air and zinc electrodes as well as a solid electrolyte membrane. Finally, their aim is to combine the components into various forms of a rechargeable zinc-air battery, such as stationary, flexible, and flow cells.
Like most research projects some questions arise:
1. Do these rechargeable versions have similar energy density and specific energy (and weight) as the existing non-rechargeable types?
2. What is the effect of temperature change on these rechargeable batteries?
3. How many times can these batteries be charged and recharged and still maintain the expected output voltage?
4. They produce a lower output voltage, so how can rechargeable zinc-air batteries compete with lithium-ion?
5. How does humidity affect performance of the rechargeable battery?
6. Are there electronic system packaging problems because these rechargeable batteries require access to air?
7. Does the design prototype produced by research lend itself to mass production of rechargeable batteries?
8. Will these rechargeable batteries be able to power electric vehicles?
- Published in Blog, Blue Moon, Green Technology, Mining, Technology
Relevium Reports Revenue Growth in the First 50 Days of Business and Guidance Update
Relevium Reports Revenue Growth in the First 50 Days of Business and Guidance Update
Momentum Public Relations
Press Release: August 2, 2017
MONTREAL, QUEBEC–(Marketwired – Aug. 2, 2017) – Relevium Technologies Inc. (TSX VENTURE:RLV)(FRANKFURT:6BX) (the “Company” or “Relevium”) a publicly traded corporation strategically focused on the acquisition of e-retail brands, products and technologies in the health and wellness market is pleased to provide guidance on its strategy and focus for the balance of calendar year 2017.
Highlights
- Successful first 50 days of operations
- Since closing BioGanix acquisition: revenues of approx. C$ 700,000 (~53{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} increase over previous period last year)
- Guidance on expansion of BioGanix
- Guidance for M&A
- Guidance for technology builds
Successful first 50 days of operations
On June 6, 2017, Relevium acquired the assets and business of BioGanix, the Company’s first acquisition of e-retail assets. Management and the previous owner of BioGanix have been working diligently to ensure a smooth transition of the business. Jointly, careful detailed transitioning of the online operations has been ongoing in order to avoid any possible disruptions to the daily business operations.
The Company is happy to announce that the initial transition of the current business has been successful, and Relevium has recorded revenues of approximately CAD$700,000 since closing, representing a 52{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} increase over the previous period last year (47{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} increase taking into account the effect of FX fluctuations).
In the month of August, management will be working closely with the previous ownership to optimize operations and making additions to the current product offering.
Aurelio Useche, CEO, stated: “We are extremely pleased with the dedication and professionalism demonstrated by the previous ownership, the staff and our internal team during this initial phase of work.” Mr. Useche continued: “We look forward to this continued partnership as we move into the optimization phase of the transition.”
Guidance on Expansion of BioGanix
As part of the overall acquisition strategy, Relevium will spend considerable time in optimizing and developing the acquired e-retail business and brands starting with BioGanix. The Company’s model includes:
- Optimization of its marketing and product positioning strategies
- Overview of its current product line and launching of new products
- Creation and launch new brands and product segments
- Obtaining licenses or direct sourcing of exclusive products
- Joint Ventures for market expansions
Management is in discussions with potential partners in the above areas, including Hempco. As previously announced on May 10, 2017, the Company is currently working with Hempco to launch a vegan nutrition and vegan nutraceutical line to be launched in fall 2017 pending marketing studies and analysis.
Pierre Bertrand, Director and Member of the Strategy Committee, stated: “The board, in conjunction with the CEO, have established a clear plan for creating value through the newly acquired business of BioGanix.” Pierre Bertrand further stated: “We strongly believe that success in acquisitions is measured through acceleration of the inline business, based on excellence in execution of the underlying businesses acquired. As such, Relevium is committed to the success of the BioGanix business.”
Guidance on Future Acquisitions and Current Pipeline
In alignment with its overall business strategy, Relevium continues to build its pipeline of potential M&A targets. Although the list of targets is dynamic, the Company’s current pipeline represents a potential list of eight targets of interest totalling over $80M in Revenues and $24M in EBIT (all figures in Canadian Dollars).
Depending on several factors such as market conditions and ability to finance, the Company intends to execute on at least one other transaction by the end of 2017.
Guidance on Technology Development
Relevium Technologies is headquartered in Montreal, Quebec, a leading center for innovation in Big Data, Artificial Intelligence and Machine Learning. In addition to optimizing operations, marketing spend and brand equity, Management believes that an investment in Big Data and Artificial Intelligence will be of strategic importance in creating value for the Company and its shareholders.
Relevium has already entered into discussions with leading Montreal-based companies in this sector in order to evaluate and set the direction for the development of proprietary technologies. The envisioned technology builds will allow for data driven decision making for operations, product launches, brand building and marketing as well as any other facet of the business that may come to light during the process. The envisioned technology builds will benefit from continuous learning as datasets grow and the technology evolves.
The Company recognizes that certain key tools required to be a leader in the e-commerce industry are not commercially available. As such the Company will build artificial intelligence and machine learning solutions so as to ensure that it is at the bleeding edge of the industry and that portfolio brands outperform the market peer group.
Aurelio Useche, CEO of Relevium Technologies stated: “Success in e-commerce was traditionally linked to marketing spend and operations optimization. We believe that the current and future success of e-retail will not only depend on these two pillars, but also in understanding market trends and consumer behaviour data, an area of critical investment by Relevium.”
About Relevium Technologies
Relevium is a TSXV listed company focused on growth through the acquisition of businesses, products and/or technologies with a focus on e-commerce in the growing health and wellness sector. Relevium Technologies Inc. also holds patented intellectual property for the use of static magnetic fields for application on wearable devices.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects the Company’s current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company’s control that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Readers should not place undue reliance on forward- looking statements and forward-looking information and are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
On Behalf of the Board of Directors
RELEVIUM TECHNOLOGIES INC.
Aurelio Useche, President and CEO
Renmark Financial Communications Inc.
Steve Hosein
(416) 644-2020 or (514) 939-3989
shosein@renmarkfinancial.com
www.renmarkfinancial.com
Relevium Technologies Inc.
investors@releviumtechnologies.com
www.releviumtechnologies.com
https://www.facebook.com/releviumcorp/
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- Published in Life Sciences, News Home, Relevium Technologies, Technology
Internet of Things Inc. & New Hope Group Appoint Michael Agam as CEO of New Hope-IoT Intl. Inc. Joint Venture
Internet of Things Inc. & New Hope Group Appoint Michael Agam as CEO of New Hope-IoT Intl. Inc. Joint Venture
Momentum Public Relations
Press Release: August 1, 2017
TORONTO and SHANGHAI, China, Aug. 01, 2017 (GLOBE NEWSWIRE) — Internet of Things Inc. (TSX-V: ITT) (OTC:INOTF) (FRANKFURT:71T) (“ITT Inc.” or the “Company”) and New Hope Data Technology Co., Ltd., a New Hope Group affiliated and investee company (“New Hope”) are pleased to announce the appointment of Michael Agam as CEO of the recently announced New Hope-IoT Intl. Inc. Joint Venture (the “NHG-ITT JV” or the “JV”).
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Michael Agam brings over 12 years of diverse C-level executive management and technical experience, combined with a successful track record in fast growing international technology companies. Prior to joining the JV, Mr. Agam was the CEO of MNC Ltd. based in Chengdu, China, a joint venture of Maxtech Networks Israel (www.maxt-mesh.com) and Jaiye International China delivering end to end industrial IoT solutions in China.
Prior to heading up MNC Ltd., Mr. Agam was the VP, Marketing & Business Development at Maxtech Networks, a company developing sophisticated high performance, voice and data mesh communications networks. In that role, he negotiated several $10 Million + contracts with Fortune 500 companies in the US (including General Dynamics, Raytheon, CACI etc.), in Europe (Selex-ES, Thales) and in China (CEC group). Concurrent to Mr. Agam’s role at Maxtech Network, he was an executive board member at Buy2 Networks, a leading Israeli e-commerce company. Under Mr. Agam’s strategic direction, Buy2 Networks grew its annual revenue from USD$2 Million to USD$20 Million.
Mr. Agam brings to the JV a strong technical background in a variety of fields, including telecommunications, cloud and big data analytics, RF and legacy communications systems and networks, broadband communications and mobile applications. He received his Bachelor of Laws (L.L.B., 2002) and Master of Business Administration (MBA, 2003) from the College of Management – Academic Studies, Israel’s largest college.
Michael Agam, CEO of the New Hope-IoT Intl. Inc. JV commented, “I am honored to be chosen as the leader of this innovative and pioneering business. The market opportunity for the JV with Internet of Things Inc. to automate the industrial market in China as part of the ‘Made in China 2025’ program with impactful IoT solutions is of huge significance and scale. The strategic advantage of working with New Hope in terms of market access to its portfolio of companies, its industrial leadership and its government relations is second to none. With this win-win JV partnership and partners combined with the team that I am assembling, we are well positioned to lead the industrial IoT market in China.”
Michael Frank, CEO of ITT Inc. added, “Michael is a great business partner, who understands the opportunities, challenges and dynamics of the nascent Chinese Industrial IoT market, and we are pleased and proud to have him guide and manage the JV with New Hope. We are looking forward to working with Michael to grow NHG-ITT JV into one of the dominant industrial IoT solution providers in China and beyond.”
Additionally, the NHG-ITT JV has entered into advanced discussions with several leading North American, European and Israeli IoT hardware/software, communications and cybersecurity companies regarding potential strategic sales and distribution partnership agreements.
About New Hope Group
New Hope Group (en.newhopegroup.com) was founded in 1982. New Hope Group now has more than 600 subsidiaries in 30 countries, with nearly 70,000 employees and annual revenues of nearly 80 Billion Yuan or CAD$15.5 Billion. It is involved in a wide range of sectors, from agriculture and real estate to infrastructure, chemical engineering, finance, insurance and more. It has a AAA credit rating from China Chengxin International Credit Rating Co. Ltd. (CCXI).
New Hope Group includes New Hope Data Technology Co., Ltd, a Shanghai-based company focused on data acquisition, monitoring, analytics, knowledge transfer through the implementation of cutting-edge IoT technologies as well as professional services and data analytics.
About Internet of Things Inc.
Internet of Things Inc. (www.iotintl.com) is an Internet of Things (IoT) software and solutions provider. The company acquires and implements strategic and disruptive technology solutions targeting the industrial IoT markets, including manufacturing, energy management, agriculture, transportation, social, cybersecurity, e-commerce and fintech. ITT has its headquarters in Toronto, Canada.
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Cautionary and Forward-Looking Statements
Except for the statements of historical fact contained herein, certain information presented constitutes “forward-looking information” within the meaning of applicable Canadian securities laws. Such forward-looking information, includes, but is not limited to, the relationship between Company and New Hope, the parties entering into definitive agreements with regard to the joint venture, the use of the Company and the joint venture within the New Hope’s manufacturing processes and projected revenue and income of the joint venture. While such forward-looking statements are expressed by the Company, as stated in this release, in good faith and believed by the Company to have a reasonable basis, they are subject to important risks and uncertainties. As a result of these risks and uncertainties, the events predicted in these forward-looking statements may differ materially from actual results or events. These forward-looking statements are not guarantees of future performance, given that they involve risks and uncertainties. The Company does not undertake any obligation to release publicly revisions to any forward-looking statement, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement. Continued reliance on forward-looking statements is at an investors’ own risk.
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
For further information, contact: New Hope-IoT Intl. Inc. Michael Agam CEO Tel: +86 156 1832 9573 Email: michaelagam@newhope-data.com.com To learn more, visit: www.newhope-data.com Internet of Things Inc. Michael Frank President & CEO Tel: (416) 677-9277 Email: mfrank@iotintl.com To learn more, visit: www.iotintl.com
- Published in Internet of Things Inc, News Home, Technology