Month: March 2021

Release – Capstone Turbine (CPST) – Expands Footprint In Middle East Market With LPG-Fueled C400S For Aluminum Smelting Facility Order

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Capstone Turbine Expands Footprint In Middle East Market With LPG-Fueled C400S For Aluminum Smelting Facility Order

 

The Order Marks the 1st Industrial Microturbine Installation in Saudi Arabia

VAN NUYS, CA / ACCESSWIRE / March 31, 2021 / Capstone Turbine Corporation (www.capstoneturbine.com) (NASDAQ:CPST), the world’s leading clean technology manufacturer of microturbine energy systems, announced today that it has received an order from Radian Oil and Gas Services, an engineering services company, for a low emission Capstone C400 Signature Series microturbine system (C400S) to be installed at an aluminum smelting operation in Saudi Arabia, owned and operated by Ma’aden Aluminum. The order was secured by Capstone’s internal solution sales team and is expected to be commissioned in June 2021.

According to the US Energy Information Administration (EIA), the Saudi Government has launched a countrywide initiative to diversify the economy and create jobs. The Saudi Vision 2030 places great importance on social and environmental goals. As a result, there is increasing national regulatory focus on the environmental performance of businesses, health and safety of communities, and growing commitment to corporate social responsibility.

“This win is a direct result of our strategic Revenue Growth Strategy, which is a six-element initiative designed to drive increased top-line annual revenue,” said Darren Jamison, President and Chief Executive Officer. “The Capstone internal solution sales team is one of the six elements of our revenue growth strategy, which also includes expanding our business in new geographies like the Middle East, Eastern Europe and Africa,” added Mr. Jamison.

The stand-alone microturbine is expected to power all-electric equipment at a remote operation near the border of Saudi Arabia and Kuwait while running on locally available liquefied petroleum gas (LPG). The microturbine solution is scheduled to be installed in a prime power application delivering reliable power for a temporary facility. The C400S will be supplied in a 3-bay enclosure and allow the customer to increase generation capacity in 200 kW increments up to 600 kW. The microturbine’s inherent redundancy will enable it to operate part of the system when powering a partial load or when being serviced.

“The order marks the first industrial microturbine installation in the Kingdom of Saudi Arabia and holds the potential for additional projects with Ma’aden Aluminum at nearby sites,” said Jim Crouse, Chief Revenue Officer of Capstone Turbine. “This marks a big milestone for Capstone, as we currently have oil and gas related installations in Qatar, Oman, Kuwait, Iraq, and now a foothold into the very important and growing middle east industrial market,” added Mr. Crouse.

Capstone’s innovative microturbine technology was selected for its low emissions profile, availability, low maintenance intervals, and reliable power generation capabilities in some of the harshest and remote applications in the world.

About Capstone Turbine Corporation
Capstone Turbine Corporation (www.capstoneturbine.com) (NASDAQ:CPST) is the world’s leading producer of highly efficient, low-emission, resilient microturbine energy systems. Capstone microturbines serve multiple vertical markets worldwide, including natural resources, energy efficiency, renewable energy, critical power supply, transportation and microgrids. Capstone offers a comprehensive product lineup via our direct sales team, as well as our global distribution network. Capstone provides scalable solutions from 30 kWs to 10 MWs that operate on a variety of fuels and are the ideal solution for today’s multi-technology distributed power generation projects.

For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: rentals@capstoneturbine.com. To date, Capstone has shipped nearly 10,000 units to 83 countries and in FY20, saved customers an estimated $219 million in annual energy costs and 368,000 tons of carbon.

For more information about the company, please visit www.capstoneturbine.com. Follow Capstone Turbine on Twitter, LinkedIn, Instagram, Facebook and YouTube.

Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations, beliefs, plans, intentions and strategies of the Company. The Company has tried to identify these forward-looking statements by using words such as “expect,” “anticipate,” “believe,” “could,” “should,” “estimate,” “intend,” “may,” “will,” “plan,” “goal” and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company’s indebtedness; the Company’s ability to develop new products and enhance existing products; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company’s ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company’s future operating results, please see the Company’s filings with the Securities and Exchange Commission, including the disclosures under “Risk Factors” in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason. “Capstone” and “Capstone Microturbine” are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.

CONTACT:
Capstone Turbine Corporation
Investor and investment media inquiries:
818-407-3628
ir@capstoneturbine.com

SOURCE: Capstone Turbine Corporation

Comstock Mining (LODE) – Announces the Addition of Alexia Sober to Its Management Team

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Comstock Announces the Addition of Alexia Sober to Its Management Team; Enhances Its Environmental, Social, and Corporate Governance Program

 

Virginia City, NV (March 30, 2021) – Comstock Mining Inc. (NYSE: LODE) (“Comstock” and the “Company”) announced today the addition of Ms. Alexia Sober as its Mercury Market and Grant Manager. Additionally, Ms. Sober is an active Board Member of the Comstock Foundation for History and Culture and serves as an appointed Storey County Planning Commissioner.

Ms. Sober brings extensive environmental and sustainability experience to Comstock. Ms. Sober has more than 15 years of collective experience in Policy Research and Compliance, Mining and Historical Archaeology, Collections Management and Curation, Entrepreneurship, Public Educational Outreach and Programming, as well as Community Organizing. She holds a Bachelor of Arts degree in Anthropology from the University of Nevada, Reno, with honors, with an emphasis in Historical Archaeology and Museum Studies.

Mr. Corrado De Gasperis, Executive Chairman and CEO, said, “We are very pleased to welcome Alexia Sober to Comstock’s management team. Her mining industry and historical archaeology experience makes her a valuable and productive addition to our company and our stakeholders, especially as we implement our environment enhancing projects focused on scarce strategic precious metals and commercialize our environment enhancing, clean mercury technologies.”

Prior to joining Comstock, Ms. Sober has held roles as a pioneer for internships, curriculum implementation, collections management, tour guide, and educational program director among other duties, at the Nevada State Museum, as the Assistant to the Curator of Education. As an Abandoned Mine Lands Archaeologist for Federal Lands and CERCLA Superfund sites, she assessed cultural and hazardous features for treatment recommendations following federal compliance protocols and presented safety awareness and assessment practices in public and peer forums. She also held roles as the Assistant Director at St. Mary’s Art Center in historic Virginia City, Nevada, Owner, and Operator of two successful restaurants, and Research Associate at the University of Nevada, Reno.

Mr. De Gasperis, concluded, “Ms. Sober’s background stems from the driving principle that active community involvement and education play a critical role in long-term resource sustainability and historic preservation. She has founded community organizations and created educational curriculum to cultivate inclusive access to broaden the knowledge base for all stakeholders.”

About Comstock Mining Inc.

Comstock Mining Inc. is an emerging leader in sustainable, mineral development and production of environment-enhancing, increasingly scarce strategic and precious metals, focused on conservation-based waste, high-value, cash-generating, mineral and metals essential to meeting the rapidly increasing demand for clean energy technologies. The Company has extensive, contiguous property in the historic, world-class Comstock and Silver City mining districts (collectively, the “Comstock District”) with fully permitted, metallurgical labs and an operational, mineral processing and beneficiation platform that includes a growing portfolio of mercury remediation and gold extraction facilities. Additional information on Comstock is available online at www.comstockmining.com.

Forward-Looking Statements

This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: consummation of all pending transactions; project, asset or Company valuations; future industry market conditions; future explorations, acquisitions, investments and asset sales; future performance of and closings under various agreements; future changes in our exploration activities; future estimated mineral resources; future prices and sales of, and demand for, our products; future impacts of land entitlements and uses; future permitting activities and needs therefor; future production capacity and operations; future operating and overhead costs; future capital expenditures and their impact on us; future impacts of operational and management changes (including changes in the board of directors); future changes in business strategies, planning and tactics and impacts of recent or future changes; future employment and contributions of personnel, including consultants; future land sales, investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives; the nature and timing of and accounting for restructuring charges and derivative liabilities and the impact thereof; contingencies; future environmental compliance and changes in the regulatory environment; future offerings of equity or debt securities; asset sales and associated costs; future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: counterparty risks; capital markets’ valuation and pricing risks; adverse effects of climate changes or natural disasters; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mining activities; contests over title to properties; potential dilution to our stockholders from our stock issuances and recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting businesses; permitting constraints or delays; decisions regarding business opportunities that may be presented to, or pursued by, us or others; the impact of, or the non-performance by parties under agreements relating to, acquisitions, joint ventures, strategic alliances, business combinations, asset sales, leases, options and investments to which we may be party; changes in the United States or other monetary or fiscal policies or regulations; interruptions in production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, cyanide, water, diesel fuel and electricity); changes in generally accepted accounting principles; adverse effects of terrorism and geopolitical events; potential inability to implement business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors or others; assertion of claims, lawsuits and proceedings; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the SEC; potential inability to list our securities on any securities exchange or market; inability to maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund or any other issuer.

Contact information

Comstock Mining Inc.
117 American Flat Rd
PO Box 1118
Virginia City, NV 89440
http://www.comstockmining.com

Corrado De Gasperis
Executive Chairman & CEO
Tel (775) 847-4755
degasperis@comstockmining.com

Zach Spencer
Director of External Relations
Tel (775) 847-5272 ext.151
questions@comstockmining.com

Source: Comstock Mining

Research coverage of Comstock Mining (LODE) on Channelchek is provided by Noble Capital Markets, Inc. Please refer to the research disclosures on the most recent LODE report for more information.

Release – Travelzoo (TZOO) – Appoints Michèle Huiban As Chief Financial Officer

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Travelzoo Appoints Michèle Huiban As Chief Financial Officer

 

NEW YORK, 
March 31, 2021 /PRNewswire/ — 
Travelzoo® (NASDAQ: TZOO), a global Internet company that publishes exclusive offers and experiences for members, today announced the appointment of  Michèle Huiban as Chief Financial Officer (CFO).

Ms. Huiban, a French national, is an accomplished global executive with experience in the media, entertainment, and fashion industries. Between 2008 and 2018, she held the positions of Chief Executive Officer, Deputy General Manager and Chief Financial Officer at 
Lanvin Group, the world’s oldest fashion house in operation. From 2003 to 2008, she was Deputy Managing Director of Groupe Jeune Afrique, the first pan-African francophone magazine offering weekly political, economic, social and cultural news. From 1993 to 2003, she was Deputy Managing Director and Chief Operating Officer of Gaumont, one of the world’s oldest film companies, listed on the 
Paris stock exchange. From 1989 to 1993, she was Deputy Managing Director, Finance and Administration, and Chief Financial Officer of 
Virgin France, the French subsidiary of British group Virgin.

Ms. Huiban received her MBA from 
ESSEC Business School in 
Paris.

“We are excited that Michèle has decided to join the team,” said  Holger Bartel, 
Travelzoo’s Global CEO. “Michèle brings a new dimension of strategic financial leadership to our business at a time when our growth rate is expected to accelerate and we seek opportunities for growth.”

Ms. Huiban said: “I am delighted to be joining 
Travelzoo, a dynamic and forward-looking group, and to work with the team.”

About Travelzoo
Travelzoo® provides our 30 million members insider deals and one-of-a-kind experiences personally reviewed by one of our deal experts around the globe. We have our finger on the pulse of outstanding travel, entertainment, and lifestyle experiences. For over 20 years we have worked in partnership with more than 5,000 top travel suppliers—our long-standing relationships give 
Travelzoo members access to irresistible deals.

Certain statements contained in this press release that are not historical facts may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may include, but are not limited to, statements about our plans, objectives, expectations, prospects and intentions, markets in which we participate and other statements contained in this press release that are not historical facts. When used in this press release, the words “expect”, “predict”, “project”, “anticipate”, “believe”, “estimate”, “intend”, “plan”, “seek” and similar expressions are generally intended to identify forward-looking statements. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements, including changes in our plans, objectives, expectations, prospects and intentions and other factors discussed in our filings with the 
SEC. We cannot guarantee any future levels of activity, performance or achievements. 
Travelzoo undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.

Travelzoo and Top 20 are registered trademarks of 
Travelzoo.

Travelzoo

590 Madison Avenue
35th Floor

New York, NY 10022

Media contacts:
Gabe Saglie – 
New York
+1 805 453 1209
gsaglie@travelzoo.com  

Cat Jordan – 
London
+44 7776 781525
cjordan@travelzoo.com

 Stéphane Renard – 
Paris
+33 6 09 20 60 06
srenard@travelzoo.com

 

Source: Travelzoo

Release – RocketFuel Blockchain (RKFL) – Launches Payment Solution that Supports Multiple Cryptocurrencies and Direct Bank Transfers

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RocketFuel Launches Payment Solution that Supports Multiple Cryptocurrencies and Direct Bank Transfers with One-Click eCommerce Ease

 

Global travel portal Sky-tours and cryptocurrency tax accounting firm BearTax are first customers to integrate RocketFuel-powered crypto payments for frictionless checkouts

SAN FRANCISCO, March 31, 2021 /PRNewswire/ — RocketFuel Blockchain, Inc. (OTC: RKFL) (“RocketFuel” or the “Company”), a global provider of one-click online payment options using Bitcoin and other cryptocurrencies, today announced the launch of its blockchain-based payments solution. RocketFuel is the first cryptocurrency payment service to provide a seamless and elegant one-click checkout experience that today’s digital- and mobile-centric consumers have come to expect from eCommerce marketplaces. The service allows merchants and consumers to easily pay via 43 different cryptocurrencies or direct bank transfer in a completely secure environment. The first merchants to implement RocketFuel’s crypto acceptance functionality include global online travel portal Sky-tours and cryptocurrency tax accounting firm BearTax.

RocketFuel eliminates the need for payment intermediaries, significantly reducing merchant costs associated with card network fees, bank fees, and chargeback costs, and improves merchant cash flow. Using RocketFuel’s secure API, merchants can integrate RocketFuel’s payment solution in their online stores to offer highly optimized purchase experiences while reducing cart abandonment rates and fraud-related costs. In addition to being able to make payment from any cryptocurrency digital wallet, shoppers can also make payments in just one or two clicks directly from today’s cryptocurrency exchange accounts, including Coinbase, Gemini, Kraken, Binance, and Bitstamp.

“Ecommerce has become mainstream, but the payment technologies available to merchants are old fashioned, based on technologies which are not in-line with the needs and demands of modern consumers who prefer digital and contactless payments over cards or cash,” said Peter Jensen, CEO of RocketFuel. “Cryptocurrency represents the future of payments and is already disrupting the status quo by offering merchants a better, more economical option for their businesses and customers.”

Sky-tours implemented RocketFuel’s eCommerce cryptocurrency solution in its popular global travel portal to handle the surge in traffic to its site due to the recent post-pandemic revival of travel and tourism. “In the wake of Covid, the war on cash became a very real thing and RocketFuel’s universal payment method empowered us to continue doing business regardless of the type of currency being used,” said Randy Alleyne, CEO of Sky-tours. “RocketFuel is a pioneer in breaking down the barriers to entry on both sides of the transaction and changing the economics for merchants like us so we can operate in a highly efficient and profitable manner while preserving the security and trust consumers expect from our service.”

BearTax, a cryptocurrency tax accounting firm, leveraged RocketFuel’s solution to satisfy customer requests to pay for its services via cryptocurrencies. “As a provider of cryptocurrency tax software, we have a very high bar for working with other crypto providers and they must adhere to a stringent set of standards,” said Vamshi Vangapally, CEO of BearTax. “RocketFuel checked all of the boxes and more, and has been a great partner – opening the door to innovative crypto payment solutions that makes our customer’s lives easier.”

Until now, demand among merchants and consumers for cryptocurrency payments has been limited and cast off as a future method of managing digital currency. All of this changed last year with the pandemic serving as a catalyst to the acceptance of cryptocurrency as a global, currency-agnostic method of payment. Last year, in the US alone, eCommerce grew by 44%, accelerating online sales by 10 years in mere months and fueling demand for crypto-based purchases. In addition, within the next few years experts forecast there will be over 200 million cryptocurrency wallet holders worldwide ready to participate in this new era of payments.

About RocketFuel Blockchain, Inc.

RocketFuel Blockchain Inc. is a global payment processing company offering online merchants next generation blockchain payments solutions that include efficient and intuitive acceptance of 43 cryptocurrencies and direct bank transfers, a highly secure and efficient shopping cart experience, and significantly lower fees and associated costs.

RocketFuel’s solutions focus on enhanced customer privacy protection eliminating the risk of data breach while improving speed, security and ease of use. RocketFuel users are able to enjoy seamless check-out and forget the clunky cart paradigm of the past. RocketFuel merchants are able to implement new impulse buying schemes and generate new sales channels that were unavailable in present day eCommerce solutions. More information about RocketFuel is available at: www.RocketFuelBlockchain.com

Forward-Looking Statements

The Company believes that this press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Terms such as “may,” “might,” “would,” “should,” “could,” “project,” “estimate,” “pro-forma,” “predict,” “potential,” “strategy,” “anticipate,” “attempt,” “develop,” “plan,” “help,” “believe,” “continue,” “intend,” “expect,” “future,” and terms of similar import (including the negative of any of these terms) may identify forward-looking statements. Such forward-looking statements, including but not limited to statements regarding the plans and objectives of management for future operations, are based on management’s current expectations and are subject to risks and uncertainties that could cause results to differ materially from the forward-looking statements. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements as a result of these risks and uncertainties. Factors that may influence or contribute to the accuracy of the forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation, market acceptance of the company’s products and services; competition from existing products or new products that may emerge; the implementation of the company’s business model and strategic plans for its business and our products; estimates of the company’s future revenue, expenses, capital requirements and need for financing; current and future government regulations; and developments relating to the company’s competitors. Readers are cautioned not to place undue reliance on forward-looking statements because of the risks and uncertainties related to them. For further information on such risks and uncertainties, you are encouraged to review the Company’s filings with the Securities and Exchange Commission (“SEC”), including its Annual Report on Form 10-K for the fiscal year ended March 31, 2020 and Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2020. The Company assumes no obligation to update any forward-looking statements as a result of new information or future events or developments, except as required by law.

COMPANY CONTACT
Email: Contact@RocketFuelBlockchain.com   
Phone: 424.256.8560

INVESTOR CONTACT
Ben Yankowitz
Email: B.Yankowitz@RocketFuelBlockchain.com  

PRESS CONTACT
Email: rocketfuel@plat4orm.com 

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SOURCE RocketFuel Blockchain

Release – Comtech Telecommunications (CMTL) – Expands Satellite Modem Product Line

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Comtech Telecommunications Corp. Expands Satellite Modem Product Line

 

New CDM-650 Satellite Modem provides state-of-the art modulation & coding to optimize satellite bandwidth usage

MELVILLE, N.Y.–(BUSINESS WIRE)–Mar. 31, 2021– March 31, 2021– Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that its subsidiary, Comtech EF Data Corp., a leading provider of satellite communication equipment (together “Comtech”), introduced a new product, the CDM-650 Satellite Modem. The CDM-650 leverages the heritage and feature set of Comtech’s SLM-5650B/C, CDM-625A and CDM-425 modems, which have been adopted and deployed globally to support government and commercial applications.

“We are pleased to introduce the new CDM-650 Satellite Modem to address the needs of foreign government and military entities,” said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech. “The advanced feature set available in the CDM-650 provides the performance, reliability and scalability needed for secure and mission-critical networks.”

The CDM-650 Satellite Modem was purpose-built for secure government and military networks. The CDM-650 is suited for fixed location, on-the-pause and on-the-move communications applications. The product features Turbo Product Codes, three Low Density Parity Check (“LDPC”) code families, VersaFEC®-2 high performance LDPC short and long block forward error correction and a range of modulation, including BPSK, QPSK, OQPSK, 8PSK, 8-QAM, and 16-QAM. By employing the combination of state-of-the-art forward error correction and modulation techniques, the CDM-650 can optimize satellite transponder bandwidth usage.

In addition, Direct Sequence Spread Spectrum (“DSSS”) is an option on the CDM-650 for supporting both point-to-point and point-to-multipoint applications in conjunction with LDPC-based forward error correction and BPSK. The combination of advanced features provides ultra-low power spectral densities, enabling the use of small antennas when adjacent satellite interference is an important consideration.

The CDM-650 offers data rates from 18 kbps to 155 Mbps and symbol rates from 32 ksps to 64 Msps. The modem supports an Ethernet 10/100/1000T user traffic data interface that can be used in Bridge mode or Routed mode offering Quality of Service protocols and traffic shaping / congestion control methods. In addition, the modem supports backward compatibility and interoperability in certain modes of operation with Comtech’s SLM-5650B/C, CDM-625A and CDM-425 modems.

Comtech Telecommunications Corp. is a leader in the global communications market headquartered in Melville, New York. With a passion for customer success, Comtech designs, produces and markets advanced secure wireless solutions to more than 1,000 customers in more than 100 countries. For more information, please visit www.comtechtel.com and www.comtechefdata.com.

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.

Product Media Contact:

Toni Lee Rudnicki, Senior Vice President, Marketing
Comtech EF Data Corp.
240-686-2127

tlrudnicki@comtechefdata.com

Corporate Contact:

Michael D. Porcelain, President and Chief Operating Officer
Comtech Telecommunications Corp.
631-962-7000

info@comtechtel.com

Source: Comtech Telecommunications Corp.

TAAL Distributed Information Technologies (TAALF) – A Pureplay On Bitcoinsv Proving Protocol Scale And Low-Cost

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TAAL A Pureplay On Bitcoinsv; Proving Protocol Scale And Low-Cost

 

  • On March 13, 2021, Company achieved a world record block of 638MB processed on the BitcoinSV blockchain network

  • Expanded computing power follows previously announced next-generation blockchain infrastructure operations successfully deployed in Alberta, Canada

  • Company to host investor webinar with TAAL management team on April 14 at 12:00PM EST

 
Vancouver, British Columbia; March 30, 2021 – TAAL Distributed Information Technologies Inc. (CSE:TAAL | FWB:9SQ1 | OTC:TAALF) (“TAAL” or the “Company”), a vertically integrated blockchain infrastructure and service provider for enterprise, announced today that TAAL is on track to reach its computing power target of securing 400 PH (“petahash”) in computing power by year-end.

This capacity milestone will be achieved despite global pandemic-related supply constraints, validating TAAL’s commitment to being the leading BitcoinSV enterprise blockchain transaction processor, and supporting its long-term vision as a pure-play on the adoption of the BitcoinSV blockchain. In December 2020, the Company announced an overall computing capacity of more than 280 PH. In January 2021, TAAL successfully began its next-generation blockchain infrastructure operations in Alberta, Canada, on schedule.

“Blockchain technology will continue to disrupt industries for the next decade. Developers all over the world are looking for more scale, speed, and lower costs. BitcoinSV delivers all three. I am excited about the many opportunities ahead as we bring BitcoinSV blockchain’s advantages to the enterprise community globally. The record block which the Company has recently processed validates the TAAL market leadership position and further demonstrates our capacity to process a large number of transactions,” comments Stefan Matthews, TAAL CEO and Executive Chairman.
 

TAAL PROCESSES WORLD RECORD BLOCK

 
To cater to the demands of enterprise blockchain adoption, where the business value added by blockchain is projected to surpass $176 billion by 2025 and $3.1 trillion by 2030 (Source: Gartner, Forecast: Blockchain Business Value, Worldwide, 2017-2030), on March 13, 2021, TAAL has processed a world record block of 638MB on the BitcoinSV blockchain network. This achievement outpaces the Bitcoin (“BTC”) network by 638x due to BTC protocol constraints of only 1MB per block, and is a clear demonstration of the superior ability of the BSV network to meet the scalability needs of clients processing transactions through TAAL on the Bitcoin SV blockchain.

Details of the world record breaking block are available on WhatsonChain.com, a Blockchain Explorer service – Block #678301 (https://whatsonchain.com/block-height/678301).
 

EXPLORE THE BSV BLOCKCHAIN USING WHATSONCHAIN

 
Through WhatsOnChain, TAAL’sproprietary BSV blockchain explorer technology, the Company offers authentication services. Companies in the financial and compliance industries or applications (such as digital asset wallets or exchanges) rely heavily on these blockchain explorers and the developer library’s APIs to verify and track transactions on the blockchain. WhatsonChain is the first BSV blockchain explorer that delivers real-time data in an easy and user-friendly manner, for anyone, anytime.
 

UPCOMING WEBINAR: FIRESIDE CHAT WITH TAAL EXECUTIVE TEAM

 

 
Join this webinar to hear TAAL President Chris Naprawa, Chief Commercial Officer Kal Suurkask and Chief Product & Innovation Officer Jerry Chan, discuss the emerging transactional economy, blockchain technology and how consumer and capital markets are adopting enterprise blockchain solutions.
 

ABOUT TAAL DISTRIBUTED INFORMATION TECHNOLOGIES INC.

 
TAAL Distributed Information Technologies Inc. delivers value-added blockchain services, providing professional-grade, highly scalable blockchain infrastructure and transactional platforms to support businesses building solutions and applications upon the Bitcoin SV platform, and developing, operating, and managing distributed computing systems for enterprise users.

Visit TAAL online at www.taal.com

The CSE, nor its Regulation Services Provider, accepts no responsibility for the adequacy or accuracy of this release.
 

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

 
Certain statements included in this news release constitute “forward-looking information” as defined under applicable Canadian securities legislation. The words “will”, “intends”, “expects” and similar expressions are intended to identify forward-looking information, although not all forward-looking information will contain these identifying words. Specific forward-looking information contained in this news release includes but is not limited to statements regarding: TAAL’s computer power target and the achievement of that goal; and the adoption of blockchain technology by enterprise. These statements are based on factors and assumptions related to historical trends, current conditions and expected future developments. Since forward-looking information relates to future events and conditions, by its very nature it requires making assumptions and involves inherent risks and uncertainties. TAAL cautions that although it is believed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from expectations. Material risk factors include the future acceptance of Bitcoin SV and other digital assets and risks related to information processing using those platforms, the ability for TAAL to leverage intellectual property into viable income streams and other risks set out in TAAL’s Annual Information Form dated March 1, 2021 under the heading Risk Factors and elsewhere in TAAL’s continuous disclosure filings available on SEDAR at www.sedar.com. Given these risks, undue reliance should not be placed on the forward-looking information contained herein. Other than as required by law, TAAL undertakes no obligation to update any forward-looking information to reflect new information, subsequent or otherwise.
 

FOR FURTHER INFORMATION CONTACT:

 
Matt Whitcomb, Investor Relations, matthew@taal.com 604-260-614
Stefan Matthews, CEO & Executive Chairman, info@taal.com
Chris Naprawa, President, chris@taal.com

Source: TAAL Distributed Information Technologies Inc.

Release – TAAL Distributed Information Technologies (TAALF) – A Pureplay On Bitcoinsv Proving Protocol Scale And Low-Cost

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TAAL A Pureplay On Bitcoinsv; Proving Protocol Scale And Low-Cost

 

  • On March 13, 2021, Company achieved a world record block of 638MB processed on the BitcoinSV blockchain network

  • Expanded computing power follows previously announced next-generation blockchain infrastructure operations successfully deployed in Alberta, Canada

  • Company to host investor webinar with TAAL management team on April 14 at 12:00PM EST

 
Vancouver, British Columbia; March 30, 2021 – TAAL Distributed Information Technologies Inc. (CSE:TAAL | FWB:9SQ1 | OTC:TAALF) (“TAAL” or the “Company”), a vertically integrated blockchain infrastructure and service provider for enterprise, announced today that TAAL is on track to reach its computing power target of securing 400 PH (“petahash”) in computing power by year-end.

This capacity milestone will be achieved despite global pandemic-related supply constraints, validating TAAL’s commitment to being the leading BitcoinSV enterprise blockchain transaction processor, and supporting its long-term vision as a pure-play on the adoption of the BitcoinSV blockchain. In December 2020, the Company announced an overall computing capacity of more than 280 PH. In January 2021, TAAL successfully began its next-generation blockchain infrastructure operations in Alberta, Canada, on schedule.

“Blockchain technology will continue to disrupt industries for the next decade. Developers all over the world are looking for more scale, speed, and lower costs. BitcoinSV delivers all three. I am excited about the many opportunities ahead as we bring BitcoinSV blockchain’s advantages to the enterprise community globally. The record block which the Company has recently processed validates the TAAL market leadership position and further demonstrates our capacity to process a large number of transactions,” comments Stefan Matthews, TAAL CEO and Executive Chairman.
 

TAAL PROCESSES WORLD RECORD BLOCK

 
To cater to the demands of enterprise blockchain adoption, where the business value added by blockchain is projected to surpass $176 billion by 2025 and $3.1 trillion by 2030 (Source: Gartner, Forecast: Blockchain Business Value, Worldwide, 2017-2030), on March 13, 2021, TAAL has processed a world record block of 638MB on the BitcoinSV blockchain network. This achievement outpaces the Bitcoin (“BTC”) network by 638x due to BTC protocol constraints of only 1MB per block, and is a clear demonstration of the superior ability of the BSV network to meet the scalability needs of clients processing transactions through TAAL on the Bitcoin SV blockchain.

Details of the world record breaking block are available on WhatsonChain.com, a Blockchain Explorer service – Block #678301 (https://whatsonchain.com/block-height/678301).
 

EXPLORE THE BSV BLOCKCHAIN USING WHATSONCHAIN

 
Through WhatsOnChain, TAAL’sproprietary BSV blockchain explorer technology, the Company offers authentication services. Companies in the financial and compliance industries or applications (such as digital asset wallets or exchanges) rely heavily on these blockchain explorers and the developer library’s APIs to verify and track transactions on the blockchain. WhatsonChain is the first BSV blockchain explorer that delivers real-time data in an easy and user-friendly manner, for anyone, anytime.
 

UPCOMING WEBINAR: FIRESIDE CHAT WITH TAAL EXECUTIVE TEAM

 

 
Join this webinar to hear TAAL President Chris Naprawa, Chief Commercial Officer Kal Suurkask and Chief Product & Innovation Officer Jerry Chan, discuss the emerging transactional economy, blockchain technology and how consumer and capital markets are adopting enterprise blockchain solutions.
 

ABOUT TAAL DISTRIBUTED INFORMATION TECHNOLOGIES INC.

 
TAAL Distributed Information Technologies Inc. delivers value-added blockchain services, providing professional-grade, highly scalable blockchain infrastructure and transactional platforms to support businesses building solutions and applications upon the Bitcoin SV platform, and developing, operating, and managing distributed computing systems for enterprise users.

Visit TAAL online at www.taal.com

The CSE, nor its Regulation Services Provider, accepts no responsibility for the adequacy or accuracy of this release.
 

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

 
Certain statements included in this news release constitute “forward-looking information” as defined under applicable Canadian securities legislation. The words “will”, “intends”, “expects” and similar expressions are intended to identify forward-looking information, although not all forward-looking information will contain these identifying words. Specific forward-looking information contained in this news release includes but is not limited to statements regarding: TAAL’s computer power target and the achievement of that goal; and the adoption of blockchain technology by enterprise. These statements are based on factors and assumptions related to historical trends, current conditions and expected future developments. Since forward-looking information relates to future events and conditions, by its very nature it requires making assumptions and involves inherent risks and uncertainties. TAAL cautions that although it is believed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from expectations. Material risk factors include the future acceptance of Bitcoin SV and other digital assets and risks related to information processing using those platforms, the ability for TAAL to leverage intellectual property into viable income streams and other risks set out in TAAL’s Annual Information Form dated March 1, 2021 under the heading Risk Factors and elsewhere in TAAL’s continuous disclosure filings available on SEDAR at www.sedar.com. Given these risks, undue reliance should not be placed on the forward-looking information contained herein. Other than as required by law, TAAL undertakes no obligation to update any forward-looking information to reflect new information, subsequent or otherwise.
 

FOR FURTHER INFORMATION CONTACT:

 
Matt Whitcomb, Investor Relations, matthew@taal.com 604-260-614
Stefan Matthews, CEO & Executive Chairman, info@taal.com
Chris Naprawa, President, chris@taal.com

Source: TAAL Distributed Information Technologies Inc.

Capstone Turbine (CPST) – Expands Footprint In Middle East Market With LPG-Fueled C400S For Aluminum Smelting Facility Order

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Capstone Turbine Expands Footprint In Middle East Market With LPG-Fueled C400S For Aluminum Smelting Facility Order

 

The Order Marks the 1st Industrial Microturbine Installation in Saudi Arabia

VAN NUYS, CA / ACCESSWIRE / March 31, 2021 / Capstone Turbine Corporation (www.capstoneturbine.com) (NASDAQ:CPST), the world’s leading clean technology manufacturer of microturbine energy systems, announced today that it has received an order from Radian Oil and Gas Services, an engineering services company, for a low emission Capstone C400 Signature Series microturbine system (C400S) to be installed at an aluminum smelting operation in Saudi Arabia, owned and operated by Ma’aden Aluminum. The order was secured by Capstone’s internal solution sales team and is expected to be commissioned in June 2021.

According to the US Energy Information Administration (EIA), the Saudi Government has launched a countrywide initiative to diversify the economy and create jobs. The Saudi Vision 2030 places great importance on social and environmental goals. As a result, there is increasing national regulatory focus on the environmental performance of businesses, health and safety of communities, and growing commitment to corporate social responsibility.

“This win is a direct result of our strategic Revenue Growth Strategy, which is a six-element initiative designed to drive increased top-line annual revenue,” said Darren Jamison, President and Chief Executive Officer. “The Capstone internal solution sales team is one of the six elements of our revenue growth strategy, which also includes expanding our business in new geographies like the Middle East, Eastern Europe and Africa,” added Mr. Jamison.

The stand-alone microturbine is expected to power all-electric equipment at a remote operation near the border of Saudi Arabia and Kuwait while running on locally available liquefied petroleum gas (LPG). The microturbine solution is scheduled to be installed in a prime power application delivering reliable power for a temporary facility. The C400S will be supplied in a 3-bay enclosure and allow the customer to increase generation capacity in 200 kW increments up to 600 kW. The microturbine’s inherent redundancy will enable it to operate part of the system when powering a partial load or when being serviced.

“The order marks the first industrial microturbine installation in the Kingdom of Saudi Arabia and holds the potential for additional projects with Ma’aden Aluminum at nearby sites,” said Jim Crouse, Chief Revenue Officer of Capstone Turbine. “This marks a big milestone for Capstone, as we currently have oil and gas related installations in Qatar, Oman, Kuwait, Iraq, and now a foothold into the very important and growing middle east industrial market,” added Mr. Crouse.

Capstone’s innovative microturbine technology was selected for its low emissions profile, availability, low maintenance intervals, and reliable power generation capabilities in some of the harshest and remote applications in the world.

About Capstone Turbine Corporation
Capstone Turbine Corporation (www.capstoneturbine.com) (NASDAQ:CPST) is the world’s leading producer of highly efficient, low-emission, resilient microturbine energy systems. Capstone microturbines serve multiple vertical markets worldwide, including natural resources, energy efficiency, renewable energy, critical power supply, transportation and microgrids. Capstone offers a comprehensive product lineup via our direct sales team, as well as our global distribution network. Capstone provides scalable solutions from 30 kWs to 10 MWs that operate on a variety of fuels and are the ideal solution for today’s multi-technology distributed power generation projects.

For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: rentals@capstoneturbine.com. To date, Capstone has shipped nearly 10,000 units to 83 countries and in FY20, saved customers an estimated $219 million in annual energy costs and 368,000 tons of carbon.

For more information about the company, please visit www.capstoneturbine.com. Follow Capstone Turbine on Twitter, LinkedIn, Instagram, Facebook and YouTube.

Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations, beliefs, plans, intentions and strategies of the Company. The Company has tried to identify these forward-looking statements by using words such as “expect,” “anticipate,” “believe,” “could,” “should,” “estimate,” “intend,” “may,” “will,” “plan,” “goal” and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company’s indebtedness; the Company’s ability to develop new products and enhance existing products; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company’s ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company’s future operating results, please see the Company’s filings with the Securities and Exchange Commission, including the disclosures under “Risk Factors” in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason. “Capstone” and “Capstone Microturbine” are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.

CONTACT:
Capstone Turbine Corporation
Investor and investment media inquiries:
818-407-3628
ir@capstoneturbine.com

SOURCE: Capstone Turbine Corporation

Endeavor Silver (EXK) – Announces Board and Management Succession Plans

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Endeavour Silver Announces Board and Management Succession Plans

 

VANCOUVER, British Columbia, March 30, 2021 (GLOBE NEWSWIRE) — Endeavour
Silver Corp. (TSX: EDR, NYSE: EXK) (“Endeavour”) announces its forthcoming board and management succession plans.

In anticipation of the re-election of the current directors as proposed in the Management Information Circular for the Annual General Meeting (“AGM”) of Shareholders to be held on May 12, 2021, Geoff Handley, Chair of Endeavour, plans to step down as the Chair of the Board of Directors but will remain active as a Director. Rex McLennan will become the Lead Independent Director at that time.

Bradford Cooke, Chief Executive Officer and Director, has been invited by the Board to assume the role of Executive Chair of Endeavour, and plans to step down as the CEO immediately following the AGM. Dan Dickson, Chief Financial Officer, has been nominated to assume the role of CEO of Endeavour, and Christine West, Vice President Controller, has been nominated to assume the role of CFO of Endeavour.

Bradford Cooke commented, “I am pleased to announce this seamless board and management transition without having to reach outside of the organization. It speaks to the depth of our management team, and the skills and dedication they bring to the Company. I look forward to supporting Dan and Christine in their new roles, and we appreciate the vote of confidence of our Board of Directors.”

“I plan to stay active with Endeavour, utilizing my knowledge of and contacts in the mining industry to continue building a bigger and better Company. However, given that Endeavour is now preparing for its next phase of growth, starting with the construction of the Terronera project this year, now is an appropriate time to pass the baton to our rising stars in management.”

About Endeavour Silver – Endeavour Silver Corp. is a mid-tier precious metals mining company that owns and operates three high-grade, underground, silver-gold mines in Mexico. Endeavour is currently advancing the Terronera mine project towards a development decision and exploring its portfolio of exploration and development projects in Mexico and Chile to facilitate its goal to become a premier senior silver producer. Our philosophy of corporate social integrity creates value for all stakeholders.

SOURCE Endeavour Silver Corp.

Contact Information
Galina Meleger, Director Investor Relations
Toll free: (877) 685-9775
Tel: (604) 640-4804
Email: gmeleger@edrsilver.com
Website: www.edrsilver.com

Follow Endeavour Silver on Facebook, Twitter, Instagram and LinkedIn

Cautionary Note Regarding Forward-Looking Statements

This
news release contains “forward-looking statements” within the meaning of the
United States private securities litigation reform act of 1995 and
“forward-looking information” within the meaning of applicable Canadian
securities legislation. Such forward-looking statements and information herein
include but are not limited to statements regarding Endeavour’s anticipated
performance in 2021 including changes in mining operations and production
levels, the timing and results of various activities and the impact of the
COVID 19 pandemic on operations. The Company does not intend to and does not
assume any obligation to update such forward-looking statements or information,
other than as required by applicable law. 

Forward-looking
statements or information involve known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity, production
levels, performance or achievements of Endeavour and its operations to be
materially different from those expressed or implied by such statements. Such
factors include but are not limited to the ultimate impact of the COVID 19
pandemic on operations and results, changes in production and costs guidance,
national and local governments, legislation, taxation, controls, regulations
and political or economic developments in Canada and Mexico; financial risks
due to precious metals prices, operating or technical difficulties in mineral
exploration, development and mining activities; risks and hazards of mineral
exploration, development and mining; the speculative nature of mineral
exploration and development, risks in obtaining necessary licenses and permits,
and challenges to the Company’s title to properties; as well as those factors
described in the section “risk factors” contained in the Company’s most recent
form 40F/Annual Information Form filed with the S.E.C. and Canadian securities
regulatory authorities.

Forward-looking statements
are based on assumptions management believes to be reasonable, including but
not limited to: the continued operation of the Company’s mining operations, no
material adverse change in the market price of commodities, mining operations
will operate and the mining products will be completed in accordance with
management’s expectations and achieve their stated production outcomes, and
such other assumptions and factors as set out herein. Although the Company has
attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking statements or
information, there may be other factors that cause results to be materially
different from those anticipated, described, estimated, assessed or intended.
There can be no assurance that any forward-looking statements or information
will prove to be accurate as actual results and future events could differ
materially from those anticipated in such statements or information.
Accordingly, readers should not place undue reliance on forward-looking
statements or information.

Release – CanAlaska Uranium (CVVUF)(CVV:CA) – Deals Manibridge Nickel Project in Thompson Nickel Belt Manitoba

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CanAlaska Deals Manibridge Nickel Project in Thompson Nickel Belt Manitoba

D Block Discoveries has Staged Option to Earn up to 100% Interest; CanAlaska to be Initial Project Operator

Focus on Advancing High-Grade Sulphide Nickel Discovery

Vancouver, Canada, March 30, 2021 – CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N) (“CanAlaska” or the “Company”) is pleased to announce that it has entered into a Letter of Intent (“LOI”) with D Block Discoveries Inc. (“DBD”), a private company wholly owned by Ore Group Inc., to allow DBD to earn up to 100% interest in CanAlaska’s 100%-owned 4,368 hectare Manibridge Nickel Project in Manitoba, Canada (the “Project”) (Figure 1).

DBD may earn up to a 100% interest in the Project by undertaking work and payments in three defined earn-in stages. DBD may earn an initial 49% interest (“Stage 1”) in the Project by paying the Company $30,000 cash, issue $275,000 worth of common shares and incur $500,000 in exploration expenditures on the Project within 12 months of TSX Venture Exchange approval date. DBD may earn an additional 21% interest (“Stage 2”) in the Project by paying to the Company a further $50,000 cash, issue a further 1,500,000 common shares in DBD, and incur an additional $1,500,000 in exploration expenditures on the Project within 12 months of entering the Stage 2 option. DBD may earn an additional 30% interest (“Stage 3”) in the Project by paying to the Company a further $100,000 cash, issue a further 5,000,000 common shares in DBD, and incur an additional $2,000,000 in exploration expenditures on the Project within 24 months of entering the Stage 3 option.

After successful completion of either of Stage 1 or Stage 2 of the option agreement, and if DBD elects to not enter the final stage, a joint venture will be formed and the parties will either co-contribute on a simple pro-rata basis or dilute on a pre-defined straight-line dilution formula. A summary of the various stages is contained in Table 1.

During Stage 1 and Stage 2 of the option agreement, CanAlaska will be operator of the Project. DBD will have sole voting rights on exploration programs while sole funding at the various option stages and will have the right to assume operatorship after successfully earning 70% interest in the Project (Stage 2).

As part of completing the Stage 1 option, DBD will grant to CVV a 1% Net Smelter Return (NSR) royalty on claims P1271F and P1272F, and a 2% NSR royalty on all other claims.

Table 1: Summary of Option Stages

Option Stage DBD
Interest
Earned
(%)		 Cash
Payment
($)		 DBD Shares
Issued		 Exploration
Expenditure
($)		 Timeline
(months)
On signing 15,000
On CPC merger 15,000 $100,000 eq. On TSX Approval
Stage 1 49 $175,000 eq. 500,000 12
Stage 2 21 50,000 1,500,000 1,500,000 12
Stage 3 30 100,000 5,000,000 2,000,000 24
Totals 100 180,000 6,500,000* 4,000,000 36


*Does not include the $275,000 worth of share issuance

Manibridge Nickel Project

The Manibridge nickel deposit was discovered in 1963 by Falconbridge (as Glencore was then named) following up on coincident magnetic and electromagnetic anomalies that were thought to be caused by an ultramafic body. The second hole of the program intersected the fringes of what would become the Manibridge Mine. Sulphide nickel mineralization is hosted within an elongate, folded ultramafic body that extends for at least 3.2 kilometres with nickel-bearing sulphide mineralization throughout (Figure 1). The Manibridge nickel deposit is located within the core of a major fold axis with up to ten sulphide lenses that conform to the fold pattern and plunge to depths in excess of 380 metres.

A production decision was made in 1969 on an initial mineral inventory of 1,409,000 tons (including 15% dilution) at an average grade of 2.25% nickel and 0.27% copper to a depth of 380 metres. The mine was operational from 1971 to 1977 with concentrate shipped to both Sudbury, Ontario and Thompson, Manitoba. Mining occurred to a depth of 300 metres and the mine infrastructure has since been reclaimed.


Manibridge Project – Location and Geology Map

In 2007, Crowflight Minerals Inc. and Pure Nickel formed a 50-50% joint venture to explore the Manibridge claims. The 2008 exploration program intersected two new zones of nickel mineralization within 400 metres of the Manibridge deposit. Further drilling confirmed the extension of the mineralization below the mine workings. The most significant results from drill holes MN08-01, MN08-02 and MN08-04 respectively include: 16.75 metres (55 feet) @ 1.38% Ni; 5.45 metres (17.9 feet) @ 1.18% Ni; and 6.3 metres (20.7 feet) @ 1.37% Ni.

In 2019 a 800 metre drill program completed by CanAlaska 2.5 kilometres north along the mine trend intersected a broad fold structure that included multiple high-grade nickel assays up to 12.06% nickel,

CanAlaska President, Peter Dasler, comments, “CanAlaska is pleased to be able to work with D-Block’s entrepreneurial group, and management is looking forward to operating the next exploration programs and new discoveries at Manibridge, as well as being exposed to the new company’s other exploration interests.”

About D Block Discoveries

D Block Discoveries Inc. is privately held wholly owned private company controlled by Ore Group Inc. DBD controls the Strange Nickel Project, an 11,000-hectare, drill permitted nickel, copper, PGE exploration property west of Thunder Bay, Ontario. DBD is planning its going public process for listing on the TSX Venture Exchange in the near term. Further information can be found at DBD’s website.

Other News

CanAlaska is currently conducting drilling at its 100% owned Waterbury Uranium project in the Athabasca Basin near the Cigar Lake uranium mine. The Company is also awaiting drill results from its Mouse Mountain copper property in British Columbia, and drilling permits for the Strong nickel project in Manitoba.

About CanAlaska Uranium

CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N) holds interests in approximately 214,000 hectares (530,000 acres), in Canada’s Athabasca Basin – the “Saudi Arabia of Uranium.” CanAlaska’s strategic holdings have attracted major international mining companies. CanAlaska is currently working with Cameco and Denison at two of the Company’s properties in the Eastern Athabasca Basin. CanAlaska is a project generator positioned for discovery success in the world’s richest uranium district. The Company also holds properties prospective for nickel, copper, gold and diamonds. For further information visit www.canalaska.com.

The qualified technical person for this news release is Dr Karl Schimann, P. Geo, CanAlaska director and VP Exploration.

On behalf of the Board of Directors

“Peter Dasler”
Peter Dasler, M.Sc., P.Geo.
President & CEO
CanAlaska Uranium Ltd.

Contacts:

Peter Dasler, President
Tel: +1.604.688.3211 x 138
Email: info@canalaska.com

Cory Belyk, COO
Tel: +1.604.688.3211 x 138
Email: cbelyk@canalaska.com

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

Forward-looking information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

FT – Ten Esports Predictions Worth Looking Forward To!

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Ten Esports Predictions Worth Looking Forward To!

 

Globally, esports revenues are predicted to grow to $1,084 million in 2021. In terms percentage terms, that’s expected growth of 14.5% from $947.1 million in 2020.

The global average revenue per esports fan will be $4.63 this year, up +2.8% from $4.40 in 2020. Note that this is down from 2019’s $4.86 per esports enthusiast.  Newzoo.com, by which most of these predictions were made, expects it to reach $5.25 in 2021 after live events are restored.

Media rights and sponsorship is expected to bring in $833.6 million in revenues during 2021. This would represent 75% of total revenue from this industry. 

The global games’ live-streaming audience is expected to hit 728.8 million this year (2021). That is 10% growth from 2020.

The largest growth in live broadcast last year was in the Spanish and Portuguese language market. This places them after English as the most-watched languages on live-streaming platforms. Spanish grew by +369% to reach 1.4 billion hours watched, while Portuguese grew by +189% to 1.1 billion hours.

Globally, the total esports audience should grow to 474.0 million people in 2021. That’s a predicted YOY growth of +8.7%.

China is expected to have the most esports fans in 2021, with 92.8 million. They’ll be followed by the U.S. and Brazil. China should also be the largest market for live-streaming games live, with an audience of 193.0 million in 2021.

China is expected to be the largest esports entertainment market by revenues, with total revenues increasing by 14% to of $360.1 million in 2021. North America follows with predicted total revenues of $243.0 million, and Western Europe, with revenues of $205.8 million.

The League of Legends World Championship was 2020’s biggest tournament based on live viewership hours on Twitch and YouTube, with a total of 91.9 million hours. League of Legends Champions Korea was the most-watched league by live viewership hours on Twitch and YouTube, generating 53.8 million hours.

The global average revenue per esports enthusiast will be $4.63 this year, up +2.8% from $4.40 in 2020. It is important to note this is down from 2019’s $4.86 per esports enthusiast, but we expect it to jump up to $5.25 in 2021 after live events are restored.

Attend Live:

Virtual Road Show Series – Wednesday March 31 @ 1pm EDT

Join Esports Entertainment Group (GMBL) CEO Grant Johnson for this exclusive corporate presentation, followed by a Q & A session moderated by Michael Kupinski, Noble’s senior research analyst, featuring questions taken from the audience. Registration is free and open to all investors, at any level.

Register Now  |  View All Upcoming Road Shows

 

Source: 2021 Newzoo 10 Global Esports & Live Streaming Market Report 2021 PRESS COPY Key Takeaways

 

More to Discover on Channelchek:

College Scholarships for Esports Gamers

How to Invest in Esports

 

 

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How Does the Esports Industry Make Money?

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Esports: Show me the Money!

 

The pandemic has had both a positive and negative impact on esports and live-streaming markets. One positive result of lockdowns is they produced a spike in viewership across streaming platforms; more people at home allowed for an acceleration of the fan base as an increasing number of consumers discovered games on Twitch, YouTube, and Huya. These platforms became hubs for social interaction as well as competitive entertainment. The live-streaming market, in esports-related viewership, flourished.

On the negative side, the pandemic caused the cancelation of in-person events, which largely eliminated ticket revenues and produced lower than expected merchandise sales across the board. These factors presented challenges to arena and homestand ventures, slowing or completely stalling investor interest in related companies. The expected return to more in-person events could provide an opportunity to investors in companies involved in ticket sales sponsorship deals.

Stakeholders

There are various businesses and activities that could be included when defining esports.  The sector is still growing and finding its place in collegiate, professional and semi-professional organized tournaments by leagues that bestow prize money or title upon victory. Esports’ overall market size as it relates to investors has the largest revenues and viewership from professional competitive gaming.

With many different interested parties in the business, each plays a unique part in the broad, varied community. The largest stakeholders include broadcast platforms, game publishers, teams, consumers, athletes, sponsors, and advertisers.  From the consumer’s point of view, they tend to be fans of one broadcasting platform over another.

Revenue Generators

Revenue streams within the industry are generated from the sale of sponsorships, media rights, digital, streaming, tickets, merchandising, hosting, and publisher fees. Another revenue stream comes from rights sold to the media, inclusive of revenues generated through media property, including all revenues paid to industry stakeholders to secure the rights to show esports content on a channel. This includes payments from online streaming platforms to organizers broadcasting their content, foreign broadcasters securing rights to show content in their country or copyright costs to show video content or photos of an esports competition — an example could include Torque Esports Corp. (MLLLF). Another that involves itself in racing esports production is Engine Media Holdings (GAME:CA). Merchandise and ticket revenue is revenue generated by the sale of tickets for live esports events and merchandise. Merchandise is sold by esports teams and event organizers and sometimes includes merchandise sold by publishers.
Revenues from exchange style wagering on events in a licensed, regulated and secure platform, an example of a company involved is Esports Entertainment Group (GMBL). Digital revenue is when revenue is generated from digital sales of in-game items that utilize Team IP or signed player likeness. Teams and organizers generate revenues through sponsorship contracts. This could include deals relating to sponsoring an event, or team sponsorship, product placement, and payments by brands for team logos, etc.

 

Virtual Road Show Series – Wednesday March 31 @ 1pm EDT

Join Esports Entertainment Group (GMBL) CEO Grant Johnson for this exclusive corporate presentation, followed by a Q & A session moderated by Michael Kupinski, Noble’s senior research analyst, featuring questions taken from the audience. Registration is free and open to all investors, at any level.

Register Now  |  View All Upcoming Road Shows

 

Take-Away

There is both opportunity and a great deal to know about esports as a potential growth investment opportunity. There are different revenue streams for all the various stakeholders and some vertically integrated companies that benefit from many different streams. As a source of information visit the Travel and Leisure industry on Channelchek for information, and if you aren’t registered to receive daily research and articles, your no-cost opportunity is here.

 

More to Discover on Channelchek:


eSports Entertainment Group, NobleCon17 Presentation (Video)

The Future of Cannabis



Will Robinhood be Fined on Charges of Gamification

What’s the Timeline for a Digital Currency?


 

 

Sources:

https://www.jumpstartmag.com/leveling-up-in-the-post-pandemic-esports-market/

https://www.forbes.com/sites/mikeozanian/2018/10/23/the-worlds-most-valuable-esports-companies-1/?sh=659587a96a6e

http://resources.newzoo.com/2018-global-esports-market-report-light

 

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Namaste Technologies (NXTTF)(N:CA) – Reports Year End 2020 Financial Results

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Namaste Technologies Reports Year End 2020 Financial Results

 

TORONTO, March 30, 2021 (GLOBE NEWSWIRE) — Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) a marketplace platform for cannabis and wellness products, today reported its financial results for the year ended November 30, 2020. All financial figures are in Canadian dollars unless otherwise indicated.

Highlights of Consolidated Financial Results:

  • Gross revenue for the fourth quarter ended November 30, 2020 was $8.0 million (compared to $4.0 million in the same period last year), and for the fiscal year ended November 30, 2020 was $27.1 million (compared to $16.4 million in the fiscal year ended November 30, 2019), representing an increase of 100% from the same quarter last year and an increase of 65% from the prior year, respectively.
  • Net revenue for the quarter ended November 30, 2020 was $7.2 million (compared to $3.9 million in the same period last year), and for the fiscal year ended November 30, 2020 was $25.1 million (compared to $16.3 million in the fiscal year ended November 30, 2019), representing an increase of 85% from the same quarter last year, and an increase of 54% from the prior year, respectively.
  • The $3.3 million improvement in net revenue for the fourth quarter ended November 30, 2020 over the same quarter in the prior year ($8.8 million YTD) was primarily attributable to the increased revenues from the sale of cannabis products.
  • The Company’s net loss has shown substantial improvement as compared to 2019. Net loss for the fourth quarter ended November 30, 2020 was ($6.4 million) compared to a net loss of ($29.7 million) for the fourth quarter ended November 30, 2019. Net loss for the fiscal year ended November 30, 2020 was ($26.4 million) compared to a net loss of ($63.2 million) in the fiscal year ended November 30, 2019. The Company is committed to maintaining these positive trends.
  • The Company’s working capital position remains strong at $16.5 million as at November 30, 2020.
  • Subsequent to year-end, the Company successfully closed a $23 million bought deal offering.

Recent Corporate Highlights:

  • Launched CannMart.com into the USA offering Americans hemp derived CBD and smoking accessories.
  • Announced the addition of leading licensed producers to the CannMart.com platform: Auxly Cannabis Group, Hexo Corp and The Green Organic Dutchman Holdings (TGOD).
  • Received a standard processing licence from Health Canada for CannMart Labs Inc., our state-of-the-art BHO extraction facility.
  • Announced expansion to broaden our total addressable market and to evolve into a pre-eminent wellness company, connecting consumers to their wellness needs of tomorrow.

“We are pleased with the progress made by the team to achieve the highest recorded quarterly revenue for the company to date,” said Meni Morim, CEO of Namaste. “We achieved significant year-over-year growth of revenue as cannabis sales through CannMart’s distribution channels made an important contribution to the revenue stream. The Company is in a strong financial position today made possible from the considerable work undertaken in 2020 to lay the foundation for long term growth as Namaste continues its evolution to be the world’s foremost personalized wellness marketplace.”

For further details, the complete Financial Statements for the year-ended ended November 30, 2020 and the related Management’s Discussion & Analysis can be accessed on the Company’s SEDAR profile at www.sedar.com.

NON IFRS FINANCIAL MEASURES

Management evaluates the Company’s performance using a variety of measures, including “Net loss before income tax, depreciation and amortization” and “Adjusted EBITDA”. The non-IFRS measures discussed below should not be considered as an alternative to or to be more meaningful than revenue or net loss. These measures do not have a standardized meaning prescribed by IFRS and therefore they may not be comparable to similarly titled measures presented by other publicly traded companies and should not be construed as an alternative to other financial measures determined in accordance with IFRS.

The Company believes these non-IFRS financial measures provide useful information to both management and investors in measuring the financial performance and financial condition of the Company.

Management uses these and other non-IFRS financial measures to exclude the impact of certain expenses and income that must be recognized under IFRS when analyzing consolidated underlying operating performance, as the excluded items are not necessarily reflective of the Company’s underlying operating performance and make comparisons of underlying financial performance between periods difficult. From time to time, the Company may exclude additional items if it believes doing so would result in a more effective analysis of underlying operating performance. The exclusion of certain items does not imply that they are non-recurring.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ada3b7a0-52a6-4007-917b-f0c10e3ed668

(i) Current and deferred income taxes, depreciation and amortization, and share-based compensation were excluded from the Adjusted EBITDA calculation as they do not represent cash expenditures.

(ii) Other income consisting of gain on disposal of subsidiary, interest income, realized gain on disposition of AFS investments, unrealized gain on derivatives and other miscellaneous non-recurring income were excluded from Adjusted EBITDA calculation.

(iii) Non-recurring costs related to restructuring and legacy issues were excluded from Adjusted EBITDA calculation.

(iv) Impairment loss relating to goodwill, customer list, domains and brand names were excluded from Adjusted EBITDA calculation.

(v) Impairment loss relating to receivable is a provision for expected credit loss to an associate and was excluded from Adjusted EBITDA calculation.

(vi) Share of associates loss, net of tax, is excluded due to lack of control.

About Namaste Technologies Inc.

Headquartered in Toronto, Canada, Namaste Technologies is a marketplace platform for cannabis and wellness products. At CannMart.com, the Company provides Canadian medical customers with a diverse selection of hand-picked products from a multitude of federally licensed cultivators and US customers with access to hemp-derived CBD and smoking accessories. The Company also distributes licensed and in-house branded cannabis and cannabis derived products in Canada through a number of provincial government control boards and retailing bodies and facilitates licensed cannabis retailer sales online in Saskatchewan. Namaste’s global technology and continuous innovation address local needs in a burgeoning cannabis industry requiring smart solutions.

Information on the Company and its many products can be accessed through the links below:

NamasteTechnologies.com

NamasteMD.com

Cannmart.com

For more information please contact:
Namaste Technologies Inc.
Meni Morim, CEO
Edward Miller, VP Investor Relations
Ph: 647-362-0390
Email: ir@namastetechnologies.com

Source: Namaste Technologies Inc

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

The forward-looking information contained herein, including, without limitation, statements related to the Company building the world’s first personalized wellness marketplace and its commitment to continue to reduce its net losses are made as of the date of this press release and is based on assumptions management believed to be reasonable at the time such statements were made, including, without limitation, Namaste’s ability to maintain momentum of expanding its business, its ability to broaden its total addressable market and to evolve into a recognized wellness company, the Company’s expectation that the nutraceutical and wellness market and potentially the market for psychedelics will develop as currently anticipated, the nutraceutical market will continue to be a multi-billion dollar high-margin market, the introduction of new products and brands will generate additional revenue, as well as other considerations that are believed to be appropriate in the circumstances. While we consider these assumptions to be reasonable based on information currently available to management, there is no assurance that such expectations will prove to be correct. By its nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this press release. Such factors include, without limitation: the inability of the Company to develop its business as anticipated and to increase revenues and/or its profitable margin on such revenues, unanticipated changes to current regulations that would adversely impact the Company’s business and proposed business and other regulatory risks, risks relating to the Company’s ability to execute its business strategy and the benefits realizable therefrom and risks specifically related to the Company’s operations. Additional risk factors can also be found in the Company’s current MD&A and annual information form, both of which have been filed under the Company’s SEDAR profile at www.sedar.com. Readers are cautioned not to put undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

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 or has in any way approved or disapproved of the contents of this press release.

Source: Namaste Technologies Inc.