Technology
CVW CLEANTECH ANNOUNCES COMMENCEMENT OF TRADING ON THE OTCQX MARKET
Published
1 year agoon
By

CALGARY, AB, Feb. 14, 2024 /CNW/ – CVW CleanTech Inc. (the “Company” or “CVW CleanTech”) (TSXV: CVW) (OTCQX: CVWFF) is pleased to announce that the Company will begin trading today on the OTCQX Best Market under the symbol “CVWFF”. The OTCQX Best Market is the highest tier of OTC Markets on which 12,000 U.S. and global securities trade. U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for the Company at https://www.otcmarkets.com/stock/CVWFF/overview.
CVW CleanTech’s CFO, Joshua Grant, said “Trading on OTCQX will enhance the visibility and accessibility of the Company to U.S. based investors. We are pleased to have achieved this milestone and look forward to providing value and convenience to U.S. investors, brokers, and institutions seeking to invest in the Company.”
The Company is in the process of securing Depository Trust Company (“DTC”) eligibility for its common shares. DTC manages electronic clearing and settlement of publicly traded companies across the United States and in 131 other countries. Trading through DTC allows for cost-effective clearing and guaranteed settlement, simplifying and accelerating the settlement process of daily trades.
The Company’s common shares will continue to trade on the TSX Venture Exchange under the symbol “CVW”.
CVW CleanTech Inc. is a clean technology innovator working to develop sustainable technology solutions. The Company has developed a suite of proprietary technologies called Creating Value from Waste™ (“CVW™”) that recover bitumen, solvents, critical minerals, and water from oil sands froth treatment tailings while significantly reducing tailings pond emissions and enhancing tailings management.
On an annual basis, an industry wide implementation of a CVW™ EcoMax development option could be expected to:
Recover 13.2 million barrels of hydrocarbons (11.4 million barrels of bitumen and 1.8 million barrels of solvent);Produce 1.5 million tonnes per year of critical mineral concentrates in the form of titanium and zircon;Abate up to 5,000,000 tonnes of CO2 equivalents, primarily methane;Eliminate up to 30,000 tonnes of volatile organic compounds (VOCs – considered toxic substances by Environment and Climate Change Canada);Potentially eliminate tailings pond growth due to froth treatment operations, andGenerate annual revenues of $2.7 billion within the province of Alberta.
Diverting the froth treatment tailings stream to a CVW™ EcoMax operation could recover up to 90% of bitumen and solvent that are currently lost into tailings ponds, avoid the associated fugitive methane emissions, as well as capture valuable zircon and titanium mineral concentrates. This patented and ready-to-deploy process would produce “Ready-to-Reclaim” tailings to meet the Alberta Energy Regulator’s Directive 85 standards which would provide a step change in tailings management and allow for progressive remediation.
CVW CleanTech has invested over $100 million and over 15 years to advance the CVW™ technology to ready-to-deploy status. This technology has been supported by large scale integrated piloting and progressive commercial engineering studies resulting in 20 active patents. The development of the Company’s technology has been supported by the Government of Alberta and the Federal Government along with oil sands industry partners. Additional information on CVW CleanTech and its proprietary technology can be found within the Company’s Process and Technology Overview which is accessible using the link below:
https://cvwcleantech.com/technology/process-and-technology-overview/
This news release contains forward-looking statements and information within the meaning of applicable Canadian securities laws (collectively, “forward-looking information”) that reflect the current expectations of management about the future results, performance, achievements, prospects, or opportunities for CVW CleanTech.
Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible” and similar expressions, or statements that events, conditions or results “will”, “may”, “could” or “should” occur or be achieved. The forward-looking statements may include statements regarding expected timelines and results of deployment of CVW™ technologies and its business plan, the anticipated adoption of CVW™ technologies by industry participants and the timing for the same, estimated financial results from the implementation and adoption of CVW™ technologies, expected macroeconomic conditions for the deployment of CVW™ technologies, potential diversification opportunities and other future opportunities, statements regarding the benefits and implications of the implementation of our technologies or other statements that are not statements of fact. Forward-looking statements are statements about the future and are inherently uncertain, and actual achievements of the Company may differ materially from those reflected in forward-looking statements due to a variety of risks, uncertainties, and other factors. For the reasons set forth above, investors should not place undue reliance on forward-looking statements. Important factors that could cause actual results to differ materially from the Company’s expectations include: the ability to advance the technologies of the Company on a timely basis or at all; reliance on estimates prepared by third parties; current estimates and predictions being based on certain assumptions about the industry in which the Company operates and macroeconomic conditions generally; uncertainties in the timing and receipt of regulatory and exchange approvals; uncertainties involved in disputes and litigation; fluctuations in interest rates, commodity prices, currency exchange rates, and other financial conditions, and the resultant effect on viability of investments; changes in the availability, and cost, of technical labour required for our business; price escalation and/ or inflationary pressures affecting the cost of equipment and material required to commercialize our projects; the uncertainty of estimates of capital and operating costs; the need to obtain additional financing and uncertainty as to the availability and terms of future financing; the impact on the Company of increasing inflation; and other risks and uncertainties disclosed in other information released by the Company from time to time and filed with the appropriate regulatory agencies.
All forward looking statements are based on the Company’s beliefs and assumptions which are based on information available at the time these assumptions are made, and is necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. The Company has made the following assumptions in relation to the forward-looking statements in this press release: the expected environmental and economic benefits to be achieved from CVW™ technologies; the ability of the Company to successfully access various government funding programs; reliance on economic estimations prepared and assumptions made by third parties; the details of government funding programs and that such programs will be implemented (and not change) as expected; that the Company will continue to be able to protect its intellectual property and proprietary technologies; assumptions as to various market and commercial opportunities for the Company and its technologies; and the ability of the Company to continue to develop and commercialize its technologies. The forward-looking statements contained herein are as of the date set out above and are subject to change after this date, and the Company assumes no obligation to publicly update or revise the statements to reflect new events or circumstances, except as may be required pursuant to applicable laws.
Although management believes that the expectations represented by such forward-looking information or statements are reasonable, there is significant risk that the forward-looking information or statements may not be achieved, and the underlying assumptions thereto will not prove to be accurate. Actual results or events could differ materially from the plans, intentions and expectations expressed or implied in any forward-looking information or statements, including the underlying assumptions thereto, as a result of numerous risks, uncertainties and factors including: failure to obtain regulatory approvals; the possibility that opportunities will arise that require more cash than the Company has or can reasonably obtain; dependence on key personnel; dependence on corporate collaborations; potential delays; uncertainties related to early stage of technology and product development; uncertainties as to fluctuation of the stock market; uncertainties as to future expense levels and the possibility of unanticipated costs or expenses or cost overruns; and other risks and uncertainties which may not be described herein.
For further information, please contact:
Akshay Dubey
Joshua Grant
CEO
403.460.8135
CFO
403.460.8135
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.
SOURCE CVW CleanTech Inc
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Technology
Nauticus Robotics Announces Participation in May Conferences
Published
34 minutes agoon
May 8, 2025By

HOUSTON, May 7, 2025 Nauticus Robotics, Inc. (NASDAQ: KITT, “Nauticus”), a leading innovator in autonomous subsea robotics and software solutions, today announced it will be featured at key conferences this month.
Offshore Technology Conference (OTC)
The Aquanaut® vehicle is the subject of a paper and corresponding presentation, to be given by a Nauticus supermajor customer, at OTC this week in Houston, TX. If you are experiencing OTC on Thursday, May 08, stop by the Technical Program session titled, Pushing Boundaries: Redefining Operations in the Era of AI and Advanced Robotics, in room 312 of NRG Center at 2:00pm Central time. The first presentation during this session, Pioneering the Aquanaut: First Offshore Trial and Sequential De-Risking From Pool Tests to Subsea, describes our testing efforts as we moved the Aquanaut system from design through wet testing and into commercial viability.
DeepStar Technology Symposium
Nauticus’ Chief Technology Officer, JD Yamokoski, is participating in a panel at the DeepStar Technology Symposium hosted in Houston, TX at the Chevron Houston Downtown Office Auditorium this Friday, May 09, at 1:00pm Central time. If you are attending the Symposium, look for JD at the Contractors Panel: Robotics for Digital Twin Data Acquisition session.
Louisiana Energy Conference (LEC)
Nauticus’ President and CEO, John Gibson, is participating in a panel later this month at LEC on Tuesday, May 27, in New Orleans, LA at Four Seasons. If you plan to be there, stop by the third floor Pimsoll Ballroom for the Offshore Supply Vessels & Marine Services – Do Long-Lead Projects Support Continued Demand session at 1:55pm Central time.
Nauticus Robotics is excited to be involved in multiple events throughout this month. We look forward to seeing you soon!
Nauticus Robotics, Inc. develops autonomous robots for the ocean industries. Autonomy requires the extensive use of sensors, artificial intelligence, and effective algorithms for perception and decision allowing the robot to adapt to changing environments. The company’s business model includes using robotic systems for service, selling vehicles and components, and licensing of related software to both the commercial and defense business sectors. Nauticus has designed and is currently testing and certifying a new generation of vehicles to reduce operational cost and gather data to maintain and operate a wide variety of subsea infrastructure. Besides a standalone service offering and forward-facing products, Nauticus’ approach to ocean robotics has also resulted in the development of a range of technology products for retrofit/upgrading traditional ROV operations and other third-party vehicle platforms. Nauticus’ services provide customers with the necessary data collection, analytics, and subsea manipulation capabilities to support and maintain assets while reducing their operational footprint, operating cost, and greenhouse gas emissions, to improve offshore health, safety, and environmental exposure.
Cautionary Language Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Act”), and are intended to enjoy the protection of the safe harbor for forward-looking statements provided by the Act as well as protections afforded by other federal securities laws. Such forward-looking statements include but are not limited to: the expected timing of product commercialization or new product releases; customer interest in Nauticus’ products; estimated operating results and use of cash; and Nauticus’ use of and needs for capital. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends,” or “continue” or similar expressions. Forward-looking statements inherently involve risks and uncertainties that may cause actual events, results, or performance to differ materially from those indicated by such statements. These forward-looking statements are based on Nauticus’ management’s current expectations and beliefs, as well as a number of assumptions concerning future events. There can be no assurance that the events, results, or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and Nauticus is not under any obligation and expressly disclaims any obligation, to update, alter, or otherwise revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports which Nauticus has filed or will file from time to time with the Securities and Exchange Commission (the “SEC”) for a more complete discussion of the risks and uncertainties facing the Company and that could cause actual outcomes to be materially different from those indicated in the forward-looking statements made by the Company, in particular the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in documents filed from time to time with the SEC, including Nauticus’ Annual Report on Form 10-K filed with the SEC on April 15, 2025. Should one or more of these risks, uncertainties, or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, or expected. The documents filed by Nauticus with the SEC may be obtained free of charge at the SEC’s website at www.sec.gov.
View original content to download multimedia:https://www.prnewswire.com/news-releases/nauticus-robotics-announces-participation-in-may-conferences-302449451.html
SOURCE Nauticus Robotics, Inc.
Technology
AR + AI: Evolution from Tool to “Second Brain”
Published
34 minutes agoon
May 8, 2025By

SHANGHAI, May 7, 2025 /PRNewswire/ — Dr. Qiu Xiaoling, CFO of JBD, has recently delivered a penetrating analysis of the MicroLED microdisplay and AR glasses ecosystem, illuminating how these once-independent frontiers are coalescing to redefine wearable AI. As AI evolves from merely being “smarter” toward truly “more attuned to you,” users increasingly expect an always-on digital assistant. AR glasses have emerged as the quintessential conduit for frictionless, context-aware interaction, and the ultra-compact MicroLED microdisplay has become the linchpin technology that turns the vision of lightweight, all-day wearable intelligence into daily reality.
In today’s era of breakneck technological progress, one will soon no longer need to hunch over a smartphone. Instead, a lightweight pair of glasses will deliver real‑time information, translation, environmental awareness, reasoning, and even anticipate one’s needs. This is no sci‑fi fantasy, but a tangible outcome of the convergence of AI and AR.
The fusion of AI and AR offers consumers a far more natural, convenient means of interaction and is catalyzing a revolution in smart wearable electronics. Meta’s CTO Andrew Bosworth has remarked, “The always‑on AI experience will allow smart glasses to replace the smartphone.” [1] The future is rapidly approaching.
1. AI Foundation Models: Democratization and Personalized Intelligence
Large reasoning models have imbued AI with the ability to “think like a human”: beyond parsing surface text, they grasp context and logic, generating responses that mirror human cognition. This breakthrough has dramatically elevated baseline AI capability and is already proving invaluable in daily work.
DeepSeek is a striking example. By optimizing both algorithms and system architecture, it markedly boosts the pre‑training efficiency and the inference speed, slashing development time and cost. As a result, AI applications can now run on a far wider array of devices—including resource‑constrained mobile hardware—truly democratizing the technology.
As AI grows ever more powerful, the paramount question becomes how to harness it efficiently and effortlessly. Every user’s needs differ—text, images, video, code generation, and more. Multimodal foundation models that fuse diverse data types can deliver bespoke services to each user and satisfy that diversity of use cases.
Hence AI is evolving from “smarter” to “more attuned to you.” By continually analyzing behavioral data, AI systems perpetually refine performance and service, realizing genuine personalized intelligence and penetrating ever broader, deeper domains.
2. The All‑Day AI Assistant: From “Omnipotent” to “Omnipresent”
Input and output are equally crucial in AI interaction. Input is what you ask AI to analyze; output is the result—text, audio, images, or video. Today the PC remains the device through which most people engage AI, yet it is hardly the most natural interface.
An all‑day AI assistant supplies information and interaction anytime, anywhere, without reliance on a phone or PC. Voice mode in tools such as ChatGPT is now ubiquitous, illustrating that AI’s flexibility should no longer be constrained by hardware form factor.
Chest‑pin or handheld products such as AI Pin and Rabbit R1 pursued greater flexibility, but market response was lukewarm. Beyond physical‑design shortcomings, a decisive factor was the lack of interaction convenience.
As AI grows “omnipotent,” the ideal paradigm is to issue commands and receive answers anytime, anywhere—for example, consulting a recipe or setting a virtual timer while your hands are busy in the kitchen. That demands an “always‑on” device that senses your needs.
While true‑wireless‑stereo (TWS) earbuds are popular, smart glasses clearly win on long‑wear comfort and functional integration. They also furnish AI with a visual display—enabling multimodal interaction no earbud can match. Cameras, microphones, and other sensors supply far richer data than a smartphone, fortifying support for multimodal AI. As Mark Zuckerberg notes, “Glasses are uniquely positioned to let people see what you see and hear what you hear.” [2]
3. AR + AI: Redrawing the Frontiers of Human‑Machine Collaboration
AI turns AR glasses into a personal assistant—and, ultimately, a “second brain.” They can recommend books or films based on your history and preferences. The Verge wrote of Android XR prototypes: “For that hour I felt like Tony Stark, and Gemini was my J.A.R.V.I.S.” [3]
The combination of AI and AR’s visual display lets devices even anticipate needs: reminding you of your hotel‑room number, translating a foreign menu, or highlighting the next tool during furniture assembly.
To make AR glasses the optimal AI carrier, however, designers must overcome the engineering hurdle of true all‑day ergonomics. Optical architecture drives form factor: many LCoS, DLP, or BirdBath solutions are simply too bulky for stylish everyday wear.
MicroLED micro‑displays are pivotal. Their tiny volume, high brightness, and low power draw enable lightweight AR designs. The smallest engine now measures 0.15 cm³ and weighs just 0.3 g. Powered by JBD’s MicroLED displays, Vuzix Z100 and OPPO Air Glass 2 look little different from conventional eyewear and weigh barely thirty grams—perfect for all‑day wear.
Extreme miniaturization is driving AR into mainstream view, while rapid AI iteration, always‑on connectivity, and seamless interaction embed smart glasses ever more deeply into daily life.
AR + AI is reshaping human‑world connectivity, ushering in the next generation of interaction, and evolving into a genuine “second brain” that promises unparalleled convenience and innovation.
AR, when fused with AI, is not merely redefining how we connect with the world; it is also forging a new stratum of human‑machine symbiosis and fast maturing into humanity’s “second brain.” By infusing everyday life with unparalleled convenience and disruptive innovation, this convergence propels us toward a future that is immeasurably smarter—and profoundly brighter.
References
https://www.thesun.co.uk/tech/30695475/meta-orion-glasses-boz-andrew-bosworth-interview-aihttps://www.theverge.com/24253481/meta-ceo-mark-zuckerberg-ar-glasses-orion-ray-bans-ai-decoder-interviewhttps://www.theverge.com/2024/12/12/24319528/google-android-xr-samsung-project-moohan-smart-glasseshttps://www.evenrealities.com/products/g1-a
View original content:https://www.prnewswire.com/news-releases/ar–ai-evolution-from-tool-to-second-brain-302449461.html
SOURCE JBD
Technology
bolttech and Sumitomo Corporation announce strategic partnership
Published
34 minutes agoon
May 8, 2025By

The partnership will form a joint venture to deliver technology-enabled embedded solutions to distribution partners in Asia
SINGAPORE, May 8, 2025 /PRNewswire/ — bolttech, the fast-growing global insurtech, today announced its partnership with Sumitomo Corporation, one of Japan’s largest trading houses. The two companies will enter a joint venture to deliver technology-enabled embedded solutions to distribution partners across a number of markets in Asia.
The technology-enabled embedded solutions will enable distribution partners to provide end-to-end device lifecycle management services, such as device upgrade, enhancing their ability to offer seamless and comprehensive solutions to customers in the region.
With smartphone prices rising and penetration increasing in emerging markets, the global demand for device protection services is on the rise. This trend is particularly pronounced in South Asia and Southeast Asia, where the demand for affordable, high-performance used smartphones is growing, driven by the growing proportion of young consumers. With the market for device protection expected to grow faster than the global average, there is a growing need for technology-driven device insurance and protection solutions.
The partnership will kick off with a launch in Southeast Asia focusing on a device upgrade programme, leveraging bolttech’s distribution capabilities and Sumitomo Corporation’s vast network of financing and guarantees capabilities.
Shinichi Kato, Group CEO of Media & Digital Group at Sumitomo Corporation, said, “We are thrilled to join forces with bolttech, a partner with proven track record in offering technology-enabled solutions to address consumer needs. We are confident that this partnership will enable us to leverage our combined expertise and resources to deliver industry-leading device lifecycle management services, driving growth and innovation across the Asia region.”
Rob Schimek, Group Chief Executive Officer, bolttech, said, “We are delighted to welcome Sumitomo Corporation as our strategic partner. We are confident that Sumitomo Corporation’s expertise in devices and vast network, combined with our distribution capabilities, will drive us forward in creating a better protection experience for consumers in Asia. We are excited to continue our journey in shaping the future of insurance, working towards our vision of connecting people with more ways to protect the things they value.”
– End –
Accompanying photo:
Name and titles of individuals in photo
Front Line (from left to right):
1. Kshitij Chitransh – Director, New Business Development, SC-Nex
2. Shun Ohishi – Deputy Director, Device Solution Team No.1
3. Liam Riley – General Manager – bolttomo
4. Takehiko Kotani – Director, Device Solution Team No.1
Second Line (from left to right):
5. Yuya Hasebe – Senior Associate, Device Solution Team No.1
6. Kazushi Awa – Executive Officer, Group CFO, Media & Digital Group
7. Eisuke Takenaka – Executive Officer, General Manager, Smart Communication Platform SBU
8. Shinichi Kato – Senior Managing Executive Officer, Group CEO, Media & Digital Group
9. Rob Schimek – Group CEO
10. Fi Fi Lu – Group Head of Embedded Device and Head of Product, Asia
11. Akiko Anzai – General Manager, Japan
Third Line (from left to right):
12. Alister Musgrave – Regional General Manager – Hong Kong, Taiwan & Japan
13. Yusuke Nakajo – Senior Associate, Device Solution Team No.1
14. Hirano Yuki – Senior Executive, Smart Communication Platform SBU
15. Tomoyuki Shionoya – Head, Smart Service Business Unit
16. Stephan Tan – Group Chief Investment Officer, and CEO, Europe & Africa
17. Makiko Eda – Managing Executive Officer, Chief Sustainability & DE&I Officer, Deputy Group CEO, Media & Digital Group
18. Andy Ho – Group Head of Mergers and Acquisitions
19. Eric Lai – Group Deputy General Counsel
View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/bolttech-and-sumitomo-corporation-announce-strategic-partnership-302449002.html
SOURCE bolttech


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