The Cost of Climate Change
The Cost of Climate Change
Annual costs for natural disasters in Canada pegged at almost $5 billion
Canada has just experienced extensive flooding in British Columbia, Ontario and Quebec. The complete cost of the disasters won’t be added up for some time; but you can bet that this past spring is going to be one of the most expensive on record. In Canada and throughout the world, we are being battered by increasingly numerous weather events, both extreme and not-so-extreme. The climate is changing.
Trying to get a handle on just exactly how much we are paying for climate change is difficult. The Office of the Parliamentary Budget Officer has tried. In its Estimate of the Average Annual Cost for Disaster Financial Assistance Arrangements due to Weather Events, released on February 25, 2016, it comes to $4.92 billion. This is the total annual cost from hurricanes convective storms, winter storms and flooding. But this, of course, does not take into account the lost productivity resulting from weather events.
The May 9, 2017 edition of Canadian Underwriter noted that in the United States, the bill for severe flooding in April would reach the multi-billion dollar range. Severe weather in America continued to be the largest factor in global insurance losses for 2017. While extreme weather or – as they like to say, weather events – continue to get worse, we in North America have comparatively little to worry about. Consider the plight of those low-lying Pacific Ocean nations that face the prospect of disappearing; if the ice in the Arctic and Antarctic continues to melt, and the oceans continue to rise.
It has been demonstrably and scientifically proven that climate change – the gradual warming of the earth’s surface – is to a very large degree driven by the fossil fuels used to heat our homes and drive our industry and vehicles. The very sad fact behind the spectre of increasing temperatures and increased hurricanes, is that we have the technology to prevent further damage.
One rewarding characteristic of humans is that we seldom throw in the towel, and so ideas that may have seemed farfetched or even ridiculous a generation ago, sometimes have their place in the sun. The green roofs of Toronto are a good example of this. In May 2009 Toronto City Council passed a bylaw that requires that new residential, office and industrial buildings have a green roof. While the idea of building roof-top gardens is as old as the hills (think of the hanging gardens of Babylon), doing so for ecological reasons is a relatively new concept.
The simple fact is that by going green you make money by saving money.
The Toronto bylaw applies to buildings that contain 6,000 square meters of floor space or more. The percentage of the roof to be green ranges from 20{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} for buildings with a floor space of 6,000 square meters, to 60{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} for buildings with over 20,000 square meters of floor space. Residential buildings shorter than six storeys or 20 meters in height are exempt. Toronto based its green roof policy on studies conducted by professors at Ryerson University, that showed potential annual cost savings of $37.1 million dollars. The largest cost-saving category was commercial building energy. The category showed a potential cost reduction of $21.56 million annually. The comfort benefit is hard to calculate, because how do you quantify mitigating the heat sink caused by our predilection for creating concrete canyons? As you might imagine, green roofs have also been cited as a partial solution for some of the flooding that has recently occurred. This is because of the green roofs’ ability to absorb rain and reduce water runoff. Oddly enough, building green roofs can also prolong their lifespan.
If we are to avoid the rapidly approaching climate Armageddon, it is vital that climate change deniers and vapid naysayers learn the real truth about green energy and efficiency. Simply put, energy efficiency is going to be one of the leading industries of the future because it makes you money by saving you money. As the Toronto study shows, green roofs save you money by reducing heating and cooling costs. Tesla, the electric car company, is now worth more than Ford. In an April 3, 2017 story CNN Money stated that Tesla was worth US$48 billion while Ford was valued at $45 billion.
Another energy-efficient way to go about saving the environment while saving money can be found in the ingenious technology of Burnaby-based International Wastewater Systems (“IWS”). IWS has developed a way to recover the heat usually lost in wastewater. Hot water from showers, baths, dishwashers and laundry goes down the drain. But IWS builds, installs and monitors closed systems that are used to heat the hot water supply in buildings. On May 10, 2017 the company announced that it had won funding and a contract to install five systems in Scotland through its wholly owned UK subsidiary SHARC Energy Systems. The contract is worth 9.8 million pounds. The five sites are the first of 750 locations targeted for conversion in Scotland.
In some ways the system is as simple as your own furnace. In the typical household furnace, natural gas or fuel oil is used to power a heat exchanger. The heat exchanger, in turn, warms the water in a radiator system, or the air in a forced air system. The genius in the IWS system was to develop a filtering system fine enough to prevent waste from clogging the heat exchanger. The system is completely sealed to ensure that there is no risk of water contamination, and continuously monitored to prevent any problems.
The return on investment (“ROI”) varies. A hospital in Boston, for example, that used electric boilers to heat its water had an IWS system installed. It cost $800,000, but the new system will save the hospital approximately $2 million per year and pay for itself within six months. IWS heat recovery systems can be installed in institutional, multi-residential, and industrial buildings. As described in a September 2016 interview with James West of the Midas Letter in the Financial Post, the payback period for residential buildings with 200 or so units is usually two to three years. If you are now telling yourselves this seems too good to be true, the real kicker is that the recovery systems have an anticipated lifespan of 40 years.
By Noel Meyer
- Published in Blog, Energy, Green Technology, International Wastewater Systems, Technology
Mobi724 Global Solutions Inc. Closes the Last Portion of the Acquisition with Former Shareholders of I.Q. 7/24 Inc. on Better Terms to Focus on its Growth Strategy Plan
Mobi724 Global Solutions Inc. Closes the Last Portion of the Acquisition with Former Shareholders of I.Q. 7/24 Inc. on Better Terms to Focus on its Growth Strategy Plan
MONTREAL, QUEBEC–(Marketwired – May 11, 2017) – MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (CSE:MOS)(CSE:MOS.CN)(CNSX:MOS)(OTCQB:MOBIF), a Fintech leader offering all in one fully integrated EMV payment, card link couponing and digital marketing, announces that it has successfully renegotiated the terms of the balance of sale of the acquisition of its wholly owned subsidiary I.Q. 7/24 Inc (“IQ”) and that it has paid the IQ former shareholders the amount of $800,000 in cash and has issued 3,492,958 common shares (the “Shares”) at a price of $0.355 for a value of $1,240,000. The total aggregate value of the renegotiated terms of the balance is $3,099,937 in Canadian dollars. After the aforesaid payment in cash and the issuance of the Shares, a final payment in the amount of $1,059,937 will be payable by September 10, 2017.
Marcel Vienneau, the CEO of the Company said, “We are very content with the outcome of the renegotiated terms as it will bring value to the Company. The renegotiated terms gives the Company the opportunity save approximately 2M dollars on the purchase Price which is a huge benefit to the Company and its shareholders. Both parties win as IQ724 gets their shares now and will benefit from the value created forward as we both focus on value creation. There are multiple synergies that will be acted upon now; there are many opportunities to grow this vertical from our global reach and mostly leverage IQ724 expertise and solutions for payment card issuers globally.” “We at iQ724 are excited and look forward to the next stage of our relationship with MOBI724 and that is leveraging our complimentary skill sets and technological advancements to generate innovative and profitable solutions for our customers,” said Daniel Tardif, President of iQ724.
About Mobi724 Global Solutions
Mobi724, a leader in the fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of payment & digital marketing solutions with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. Mobi724’s solutions add value to all types of transactions benefiting banks, retailers and cardholders by leveraging available user and purchasing data to increase transaction volumes and spend. Mobi724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. Mobi724 provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to any mobile device and allow its redemption at any point of sales.
Forward-Looking Statements
Certain statements in this document, including those which express management’s expectations or estimations with regard to the Company’s future performance, constitute “forward-looking statements” as understood by applicable securities laws. Forward-looking statements are, of necessity, based on a certain number of estimates and hypotheses; while management considers these to be accurate at the time they are expressed, they are inherently subject to significant uncertainties and risks on the commercial, economic and competitive levels. We advise readers that these forward-looking statements are subject to risks, uncertainties, and other known and unknown factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Investors are advised to not rely unduly on the forward-looking statements. This advisory applies to all forward-looking statements, whether expressed orally or in writing, attributed to the Company or to any individual expressing them in the name of the Company. Unless required by law, the Company is under no obligation to publicly update these forward-looking statements, whether to reflect new information, future events, or other circumstances.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities 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 unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy.
MOBI724 Global Solutions Inc.
Marcel Vienneau
1-514-394-5200 x 413
www.mobi724.com
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Financial Technology, Mobi724 Global Solutions, News Home, Technology
International Wastewater (IWS:CSE) Announces Grants of £4.95 Million
International Wastewater Announces Grants of £4.95 Million From the “Low Carbon Infrastructure Transition Programme” (Management by the Scottish Government)
Momentum Public Relations
Press Release: May 10, 2017
International Wastewater Systems Inc (CSE:IWS)(CSE:IWS.CN)(FRANKFURT:IWI)(OTC PINK:INTWF) (“IWS” or the “Company”) is pleased to advise that IWS’s wholly owned UK subsidiary, SHARC Energy Systems, has been awarded grant support to facilitate the installation of SHARC wastewater heat recovery systems at five locations across Scotland totaling £9.8 million.
Funding from the Low Carbon Infrastructure Transition Programme (LCITP) – managed through the Scottish Government – has been granted to enable the development of five new projects that will play a pioneering role in transforming heating systems at various commercial and local authority sites.
CEO Lynn Mueller states that “the contracts being awarded today by the Scottish Government provide the Company with first 5 of the 750 sites identified for conversion in Scotland, these are the culmination of over two years of hard work by the Company and its employees. This announcement is the game changer which the Company has been waiting for.”
SHARC’s innovative technology enable the sewers’ wastewater to be used to generate renewable heat. This, in turn, produces significant savings in energy and reductions in carbon emissions, and at the same time reduces the overall costs of supplying energy. These Scottish installations acknowledge IWS’s cornerstone technology by demonstrating how the IWS unique technology can provide energy and costs saving solutions which can be deployed across a wide range of geographies to support both corporate and residential customers, as well as a platform for wide scale low carbon district heating.
Under the plans, SHARC’s ‘heat-from-wastewater’ technology is earmarked to heat Kelvingrove Museum in Glasgow, a leisure centre and public library in Campeltown, a leisure centre in Orkney and a new district heating scheme at the Clyde Gateway regeneration project in Glasgow. The LCITP funding is being matched by commercial finance that will facilitate the required capital investment to establish local energy centres that will generate their income from sales of heat to the customers involved.
Scottish Water Horizons and SHARC Energy Systems have been collaborating over the last three years to promote the adoption of sewage heat recovery in Scotland, and last year announced their intentions to form a strategic alliance, and both parties see the LCITP announcement as playing a key role in building on their work to use Scotland’s water resources to help generate renewable energy.
Already deployed in North America and Europe, the SHARC technology works by using a heat pump to amplify the warmth of waste water in sewers – such as from showers, dishwashers and washing machines. This generates an energy-saving, cost-effective and environmentally friendly system for heating, cooling and hot water production in commercial premises and homes – as opposed to the use of traditional fossil fuels such as gas boilers.
Paul Kerr, recently appointed Head of Scottish Water Horizons, said: “We are delighted that funding has been awarded to enable the acceleration of this innovative technology at key locations across Scotland.
“Beneath our streets there is an alternative energy source that so far has been ignored. The potential benefits of this technology in further developing ways to reduce energy costs, cut carbon emissions and protect the environment for businesses and public organizations cannot be understated.
“With 32,000 miles of sewers pipes across Scotland and Scottish Water treating more than 900 million litres of waste water every year, the opportunities presented from this technology are clear to see.
“Using the sewer network to transfer heat means that the heat source can be used to supply heat to the customer as close as possible to the customer’s premises. This minimizes the cost and disruption of installing new heat pipes in the street.
“Our alliance with SHARC Energy Systems is helping to deploy this proven technology on a wider scale, providing an innovative lower cost heating solution which will help to contribute to a sustainable circular economy, tackle the threat posed by climate change and provide additional employment within local areas.”
The new projects in the pipeline are:
Bandwidth Project:
Three heat from sewage schemes have been aggregated into one proposal – with a total investment of £3.8m – known as the Bandwidth project. The project is planned to deliver sustainable heat to the Aqualibrium Leisure Centre and Public Library at Campbeltown, the Pickaquoy Leisure Centre at Kirkwall and the Kelvingrove Museum in Glasgow. SHARC Energy are working through the final design details that will enable the schemes to be spade ready later this year and facilitate construction over the next twelve months, creating cost and carbon benefits to the Local Authorities involved.
Clyde Gateway project
Clyde Gateway and its partners, including SHARC Energy Systems, have developed a plan to support a low carbon heating and cooling network for Magenta at Clyde Gateway, which will see 1.2 million square feet of commercial space across 27 acres within the satellite business district of Shawfield with a total investment of £6.0m.
Russ Burton, COO of International Wastewater Systems, said: “The announcement by the LCITP today is a significant step for the business and a resounding endorsement of the passion and dedication by the SHARC team in developing solutions that meet customer requirements and build on the company’s values.
“We have been working tirelessly over the last three years to support the Scottish Government’s ambitions for decarbonizing heating systems. With the support of Scottish Water Horizons and the Local Authorities involved in these schemes, we are delighted to be a part of this low carbon revolution and are looking forward to being able to make further announcements about our long-term role in the Scottish economy over the next few months.”
Work to bring the projects to construction ready status is well advanced and on target to meet the LCITP’s qualifying completion date of September 2018 to qualify for the grant.
The go-ahead for the projects follows the launch of the UK’s first SHARC energy recovery system at Scottish Borders College at its campus in Galashiels. The process — which has seen the heat produced being sold to Scottish Borders College under a 20-year purchase agreement — now provides the majority of the heat and hot water needed by the campus and has helped to save 150 tonnes of carbon emissions per year.
The collaboration between Scottish Water Horizons and SHARC Energy Systems has identified a £20m pipeline of potential installations across Scotland that when deployed would generate 170 GWHs (Giga Watt Hours – 1 GWH would power one million homes for one hour) per year of heating and cooling to displace the fossil fuel currently used.
The Company would also like to announce the granting of 4,000,000 two year stock options priced at $0.265 to management.
About International Wastewater Systems Inc. (CSE:IWS)(FRANKFURT:IWI)(OTC PINK:INTWF)
International Wastewater Systems Inc. is a world leader in thermal heat recovery. Through the development of its SHARC line of equipment for large applications, and its PIRANHA line of equipment for smaller applications, the Company can engineer energy saving solutions for most multi-residential complexes, as well as reduce energy costs as well as the carbon footprint for a variety of industries. Sewage that runs through municipal pipe networks is 98{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} composed of water and has a temperature of about 21 to 22 degrees Centigrade. A US Department of Energy study found that 400 billion kilowatt-hours of energy, or $40 billion worth of power, is lost through the draining of sewage each year in the US alone. The objective of IWS is to obtain a 5-10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} share of this potential within the next five years.
About Scottish Water Horizons Ltd
Scottish Water Horizons Ltd is a commercial subsidiary wholly owned by Scottish Water. The company plays a key role in supporting the development of Scotland’s sustainable and circular economy by making the most of the public utility’s vast array of assets.
From generating renewable energy from waste, wind and solar power to recycling food and aggregates waste, Scottish Water Horizons is improving connections, communications and enabling sustainable development.
The company’s growth strategy is to support Scotland as a developing Hydro Nation and take opportunities to harness Scottish Water’s asset base through both its own development and working in partnership with other organizations including the public and private sectors.
For more information, please visit our website: www.sewageheatrecovery.com
- Published in Green Technology, International Wastewater Systems, News Home, Technology
Intema’s eFlyerMaker Reaches More than 12 000 Users and Aims to Reach Break Even in 2017
Intema’s eFlyerMaker Reaches More than 12 000 Users and Aims to Reach Break Even in 2017
Momentum Public Relations
Press Release: May 9, 2017
MONTREAL, QUEBEC–(Marketwired – May 9, 2017) – Intema Solutions Inc. (“Intema” or the “Corporation“) (TSX VENTURE:ITM) announces that it has released its annual results for 2016 on May 1st. The corporation is happy to have reduced its loss and is well on its way to a break-even point late in 2017.
The Corporation began an aggressive marketing campaign that resulted in going from 250 to more than 10,000 eFlyerMaker users at the end of 2016. The number of users is still growing and has reached more than 12000 users.
The “FREEMIUM” strategy adopted because that is what customers expect in the email marketing environment. The Corporation’s conversion rate at 18{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} is over the average recognized rate in the community.
The cost of adding new clients has not yet reached a break-even point and therefore requires more investment in marketing. However, the market being so huge, new investments are justified in the objective of reaching high revenues.
The size of the email marketing market is counted in billions of dollars throughout the world. It is a growing market. To succeed in this environment, the quality of the product is essential and differentiation features are why customers will select Intema’s product over competitive ones. The company’s development team excels in this area.
eFlyerMaker is the only email-marketing platform able to provide predictive algorithms that automate the selection and the integration of content in an email campaigns. Plus Intema’s team is most attentive to the design possibilities of the tool. This makes eFlyerMaker easier to use and produces email with more aesthetic.
eFlyerMaker was selected twice in 2016 as a top 10 products by specialized software evaluation blogs. It also reached the top twenty lists on Captera, probably one the most difficult position to reach due to the very high qualification standards.
“We will continue to improve our product to ensure that we remain as a top product but also reach even higher ranking on the best products selection lists” said Sébastien Plourde CTO.
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
IWS Announces Management Change
IWS Announces Management Change
VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 8, 2017) – International Wastewater Systems Inc. (“IWS” or the “Company”) (CSE:IWS)(CSE:IWS.CN)(CNSX:IWS)(FRANKFURT:IWI)(OTC PINK:INTWF) announces that Yaron Conforti will be leaving his role as the Company’s Chief Financial Officer and a member of its Board of Directors, to pursue new opportunities.
Mr. Conforti will remain a consultant to IWS to assist with the transition to the newly appointed CFO, Mr. David Alexander, CA, CPA. Mr. Alexander has extensive experience as a CFO and his past achievements include CFO of Arakis Energy Corporation (subsequently sold to Talisman Energy TSX:TLM), and Nortran Pharmaceuticals, Inc., (later Cardiome Pharma NASDAQ:CRME).
Lynn Mueller, Chairman and CEO of IWS commented: “Yaron Conforti provided valuable leadership as our CFO and a member of our Board of Directors since 2015. I would like to thank him for his contributions and wish him every success in the future. We welcome David Alexander, an experienced CFO who further strengthens our management team during a period of significant growth for IWS.”
ON BEHALF OF THE BOARD
Lynn Mueller, Chairman and Chief Executive Officer
About International Wastewater Systems Inc.
International Wastewater Systems Inc. is a world leader in thermal heat recovery. IWS systems recycle thermal energy from wastewater, generating the most energy efficient and economical systems for heating, cooling & hot water for commercial, residential and industrial buildings. IWS is publicly traded in Canada (CSE:IWS)(CSE:IWS.CN)(CNSX:IWS), the United States (OTC PINK:INTWF) and Germany (FRANKFURT:IWI).
CONTACT INFORMATION
-
International Wastewater Systems Inc.
Lynn Mueller
CEO
(604) 475-7710
- Published in Bio technology, Energy, Green Technology, International Wastewater Systems, News Home, Technology
Mobi724 Global Solutions Inc. (CSE:MOS) to Begin Trading on OTCQB Under the Symbol: MOBIF
Mobi724 Global Solutions Inc. (CSE:MOS) to Begin Trading on OTCQB Under the Symbol: MOBIF
MONTREAL, QUEBEC–(Marketwired – May 4, 2017) – MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (CSE:MOS)(CSE:MOS.CN)(CNSX:MOS)(OTCQB:MOBIF), a Fintech leader offering all in one fully integrated EMV payment, card link couponing and digital marketing, announces that it shall commence trading on OTCQB on May 4th, 2017 under the symbol MOBIF.
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About Mobi724 Global Solutions
Mobi724, a leader in the fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of payment & digital marketing solutions with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. Mobi724’s solutions add value to all types of transactions benefiting banks, retailers and cardholders by leveraging available user and purchasing data to increase transaction volumes and spend. Mobi724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. Mobi724 provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to any mobile device and allow its redemption at any point of sales.
Forward Looking Statements
Certain statements in this document, including those which express management’s expectations or estimations with regard to the Company’s future performance, constitute “forward-looking statements” as understood by applicable securities laws. Forward-looking statements are, of necessity, based on a certain number of estimates and hypotheses; while management considers these to be accurate at the time they are expressed, they are inherently subject to significant uncertainties and risks on the commercial, economic and competitive levels. We advise readers that these forward-looking statements are subject to risks, uncertainties, and other known and unknown factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Investors are advised to not rely unduly on the forward-looking statements. This advisory applies to all forward-looking statements, whether expressed orally or in writing, attributed to the Company or to any individual expressing them in the name of the Company. Unless required by law, the Company is under no obligation to publicly update these forward-looking statements, whether to reflect new information, future events, or other circumstances.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities 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 unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy.
CONTACT INFORMATION
- Published in Financial Technology, Mobi724 Global Solutions, News Home, Technology
IWS Announces DC Water Installation
IWS Announces DC Water Installation
VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 2, 2017) – International Wastewater Systems Inc. (“IWS” or the “Company”) (CSE:IWS)(CSE:IWS.CN)(FRANKFURT:IWI)(OTC PINK:INTWF) is pleased to announce that it has been awarded a US$330,000 (CAN$478,000) contract to supply its innovative SHARC thermal energy exchange system to the new headquarters of the District of Columbia Water and Sewer Authority (“DC Water”) in Washington, DC.
The new $60 million headquarters (“DC Water HQ”) is being constructed on the waterfront of the Anacostia River in Southeast Washington, DC and will serve as the new public face for the agency. DC Water’s green initiatives will be showcased in a deeply innovative facility featuring a bold and distinctive design developed by SmithGroupJJR in collaboration with Skanska. The building is designed to achieve LEED Platinum certification from the U.S. Green Building Council and will also employ many advanced strategies that will surpass LEED Platinum certification.
The SHARC system will allow DC Water HQ to use its own wastewater as a source of thermal energy to condition the building. This project represents a historic HVAC first. The DC Water HQ building will be the first ever deployment of this technology used to both heat and cool a building in the USA.
With two-thirds of all the outflow from DC’s sewers flowing through the underground infrastructure on the site, the system will have a virtually uninterruptible supply of thermal energy. Utilizing this technology, the design team has calculated that the DC Water HQ will take its place as one of the lowest energy-consuming office buildings in the region.
“The idea of building a 150,000-square-foot headquarters building directly over a pumping station would normally be viewed as implausible,” said SmithGroupJJR’s Corporate Director of Engineering Don Posson. “But by doing so, DC Water will be able to leverage the station’s wastewater to provide enough power to heat and cool this large building. It’s a breakthrough solution and a perfect complement to DC Water’s objective of a greener, healthier District of Columbia.”
IWS will install the SHARC 440 model with a flow rate of 250 gallons per minute, providing the primary energy source for building heat, and the primary energy rejection source for building cooling. IWS’s SHARC technology is a major contributor to the project’s LEED® Platinum 96 credit threshold, delivering one of the lowest energy consumption rates per unit of floor area possible, while reducing greenhouse gas emissions by over 40{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, and water consumption by hundreds of thousands of gallons annually.
Lynn Mueller, CEO of IWS commented: “DC Water’s new state-of-the-art building is a world class design-build project. The integration of SHARC technology demonstrates the world-class caliber of IWS’s projects and partners, and represents the increased adoption of IWS systems in the United States.”
ON BEHALF OF THE BOARD
Lynn Mueller, Chairman and Chief Executive Officer
About International Wastewater Systems Inc.
International Wastewater Systems Inc. is a world leader in thermal heat recovery. IWS systems recycle thermal energy from wastewater, generating the most energy efficient and economical systems for heating, cooling & hot water for commercial, residential and industrial buildings. IWS is publicly traded in Canada (CSE:IWS)(CSE:IWS.CN), the United States (OTC PINK:INTWF) and Germany (FRANKFURT:IWI).
Forward-Looking Information
This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
CONTACT INFORMATION
-
International Wastewater Systems Inc.
Yaron Conforti
CFO and Director
(416) 716 8181
yaron.conforti@iws-sharc.com
- Published in Energy, Green Technology, International Wastewater Systems, News Home, Technology
Mobi724 Global to hold 2016 results, update webinar
Mobi724 Global to hold 2016 results, update webinar
Mobi724 Global Solutions Inc. hereby invites its current shareholders as well as the public to attend a webinar presided by Marcel Vienneau, chief executive officer of Mobi724, to provide a management update and to answer questions further to the filings of the audited annual financial statements for the year ended Dec. 31, 2016, and the management discussions and analysis.
Please register for management update on May 1, 2017, 2:30 p.m. EST. After registering, you will receive a confirmation e-mail containing information about joining the webinar.
About Mobi724 Global Solutions Inc.
Mobi724 offers a unique and fully integrated suite of payment and digital marketing solutions with a combined EMV (EuroPay, MasterCard and Visa) payment, card-linked offers and digital marketing platform that works on any card and any mobile device.
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- Published in Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home, Technology
Biggest U.S. Companies Setting More Renewable-Energy Targets
Biggest U.S. Companies Setting More Renewable-Energy Targets
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Corporations bought 2.5 gigawatts of clean energy last year
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Fortune 500 companies saving $3.7 billion with clean power
Almost half of the biggest U.S. companies have established clean-energy targets for themselves, according to a report Tuesday from sustainable investors and environmental groups including the World Wildlife Fund.
It’s not just the biggest U.S. companies — 44 percent of the smallest 100 members of the Fortune 500 have also set goals, up from 25 percent in 2014, and 48 percent of the entire list.
Many are finding that renewable energy isn’t just cleaner, it’s also often cheaper. About 190 Fortune 500 companies collectively reported about $3.7 billion in annual savings, according to Power Forward 3.0, a report by WWF, Ceres, Calvert Research & Management and CDP.
“We’re not talking about anecdotal information anymore,” Marty Spitzer, a WWF senior director of climate and renewable energy in Washington, said in an interview. “We’re talking about large, large savings.”
Potential savings and sustainability goals prompted corporations to buy almost 3.7 gigawatts of power generated by clean-energy projects in 2015, and another 2.5 gigawatts last year, almost all from wind and solar, according to Bloomberg New Energy Finance.
But it’s no longer just tech companies. About 63 percent of Fortune 100 companies have clean-energy targets, according to the report. Such targets include commitments to reduce greenhouse-gas emissions and increase energy efficiency and renewable energy.
The 190 Fortune 500 companies reported emission reductions equivalent to mothballing 45 coal-fired power plants for a year, according to the report. It also found that 23 of Fortune 500 companies have 100 percent renewable-energy targets.
By Brian Eckhouse
- Published in Bio technology, Blog, Energy, Green Technology, International Wastewater Systems, News Home, Technology
AtmanCo Announces an Annual Growth in Revenues of 298
AtmanCo Announces an Annual Growth in Revenues of 298{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and a Profit of 366k in the Fourth Quarter of 2016
AtmanCo inc. (“AtmanCo” or the “Company”) (TSX VENTURE:ATW) announces its annual results for the year ended December 31, 2016.
Highlights:
- As part of its strategic plan, on October 5, 2016, the Company closed the acquisition of RNIS Telecommunications Inc. (‘VoxTel’) and InformationTelcharge.com for a total purchase price of $2.4m with $1.5m paid cash at closing.
- The Company announces revenues of $3.4m compared to revenues of $0.8m for 2015 comparable year, a $2.6m or 298{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} increase.
- As of December 31, 2016, the Company’s would begin 2017 with an order book totalling $8.9m compared to $0.8m as of December 31, 2015 for an increase of $8.1m.
- For the fourth quarter of 2016, the Company announced a profit of $366k in comparison to a loss of $407k for the fourth quarter of 2015.
- As of December 31, 2016, the Company has cash totalling $378k compared to $55k as of December 31, 2015, along with a positive working capital by opposite to 2015.
- Total assets increased from $1.5m to $7.3m between December 31, 2015 and December 31, 2016 while equity increased from $0.9m to $2.1m.
The selected financial information below originates from the interim consolidated financial statements:
in thousands of $ (except amounts per share) |
3 months ended December 31, 2016 | 12 months ended December 31, 2016 | 3 months ended December 31, 2015 | 12 months ended December 31, 2015 |
Consolidated statement of comprehensive loss | ||||
Revenues | 2 606 | 3 378 | 95 | 847 |
Net income (loss) | 366 | (333) | (407) |
(1 233) |
« The year 2016 was an important year in the pursuit of our strategic plan with the acquisition of VoxTel, said Michel Guay, President and CEO of AtmanCo. It will propel us into fast-growing markets and significantly increase our sales and backlog. We will continue to invest in technology, as well as sales and marketing, in order to seize market and development opportunities and reinforce our position in the marketplace. We will also explore other strategic acquisition opportunities alongside our internal growth plan », 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 year ended December 31, 2016 at www.sedar.com.
AtmanCo grants new option shares
The Company announces that a total of 1 500 000 share purchase options have been granted to officers and employees of the Company as well as members of the board of directors, pursuant to the terms of its share option plan (the “Plan”). These options are exercisable at $0.11 per share and expire on April 20, 2022. The Plan provides that options may be exercised on a cumulative basis over a period of three years from the date they are granted, as to one-third after one year, and additional one-third after two years and the balance after the end of the third year.
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, owner of several web platforms including Atman, Québec Rencontres, VoxTel and Bloomed. Atman and its APIs enable companies to optimize their human capital. Quebec Rencontres is a web and mobile social network application catered to building serious and sustainable relationships. VoxTel offers various interactive landline and mobile phone solutions, as well as carrier billing and SMS features. 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.
- Published in Atmanco, Mobile Technology, News Home, Technology