Connect with us

Technology

Genifi Announces Results of Annual and Special Meeting of Shareholders

Published

on

TORONTO, May 24, 2024 /CNW/ – Genifi inc. (TSXV: GNFI) (“genifi” or the “Company”) today announced that it held its annual and special meeting of shareholders earlier today and that shareholders approved the election of all director nominees, the re-approval of MNP LLP as auditor of the Company, the resolution re-approving the Company’s option plan. The approval of the proposed going private transaction did not receive the required level of approval from the Company’s disinterested shareholders and as such will not be proceeding. A total of 124 million shares, representing 86% of the total shares outstanding were represented in person or by proxy at the meeting.

The Company will continue to operate its current business and will continue to review opportunities to attempt to increase shareholder value. 

About genifi inc.:

Genifi (formerly Prodigy Ventures) delivers Fintech innovation, with its cutting-edge platforms: IDVerifact for digital identity verification, and tunl.chat for generative AI chat. Genifi has been recognized as one of Canada’s fastest-growing companies and is committed to driving innovation in the Fintech industry.

Forward-Looking and Cautionary Statements

Certain information set out in this news release constitutes forward-looking information. Forward looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “intend”, “could”, “might”, “should”, “believe” and similar expressions. Forward looking information includes without limitation, statements regarding the Company’s future plans. Although genifi believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, and that information obtained from third party sources is reliable, they can give no assurance that those expectations will prove to have been correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. The forward-looking information is based on certain assumptions, which could change materially in the future. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, risk factors set forth in genifi’s Management’s Discussion and Analysis for the period ended December 31, 2023, a copy of which is filed on SEDAR+ at www.sedarplus.ca. Readers are cautioned that this list of risk factors should not be construed as exhaustive. These statements are made as at the date hereof and unless otherwise required by law, genifi does not intend, or assume any obligation, to update these forward-looking statements.

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.

SOURCE genifi inc.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Beibei Zheng, Vice President of CHINT Global: Empower Europe’s energy transformation and build a zero-carbon future

Published

on

By

MUNICH, May 9, 2025 /PRNewswire/ — At Intersolar Europe 2025, Beibei Zheng, Vice President of CHINT Global, emphasized CHINT’s commitment to advancing ESG-aligned, full-lifecycle low-carbon solutions. CHINT will continue investing in these innovations to empower clients for a sustainable growth while driving the industry toward a smarter and greener future.

As Intersolar Europe is the “wind vane” of the global new energy industry, when talking about what is the core goal of CHINT’s participation in this exhibition and what is the uniqueness of the European market, Beibei Zheng, Vice President of CHINT Global said, “Intersolar Europe is a key platform to link global energy innovators. CHINT’s core objectives for this exhibition are threefold: Through this exhibition, we will demonstrate our hard technical strength, deepen local cooperation and deliver sustainable commitments. The European market is highly dynamic and technology-oriented.”

“CHINT’s strategy, specialized in full chain service capabilities developing, covered from power generation to power distribution, ensured one stop leading from production to service site, integrated technical solutions across diversified business scenarios. Every product of CHINT is accompanied by life-cycle carbon footprint tracking, in line with the compliance requirements of European Union Carbon Tariff (CBAM). We believe that Europe is not only a market, but also an ‘innovation laboratory’ for global energy transformation.”

At present, the European energy industry is facing challenges such as electricity price fluctuation and supply chain reorganization. How can CHINT establish differentiated competitiveness? When discussing this topic, Zheng continued, “we understand that differentiated competitiveness stems from addressing customer priorities. In today’s VUCA market environment, operational efficiency and energy management efficiency have become key customer concerns.”

CHINT as:

A one-stop solution provider with comprehensive product portfolios to enhance enterprise management efficiencyA single-source supplier offering integrated products and services, eliminating interface conflicts and potential disputesA strategic partner delivering flexible, customized solutions with budget optimization and shortened lead times

About technical value, CHINT  has made breakthroughs in smart grid and digitalization. CHINT’s breakthrough in smart grid and digital technology has been upgraded from “single-point innovation” to “system-level empowerment”. Through the triple leverage of “AI+ data+localization” ecology, it not only solves the real pain points such as grid toughness and green electricity consumption, but also provides a technical path for carbon neutrality. This mode of “deep compliance+value symbiosis” is the key for China enterprises to establish sustainable competitiveness in the global energy transformation.

As for the positive significance of ESG development in enterprises, Zheng believes the true value of a company lies in its ability to contribute to a better future for humanity. At CHINT, sustainable development is part of our corporate DNA. CHINT integrates ESG concepts into our business to promote the ecological environment, cultivate multicultural environments, enhance corporate governance capabilities. From her perspective, ESG serves not just as a compliance framework, but as a value-driven force—guiding both corporate growth and societal progress. It is through innovation, collaboration, and a shared win-win mindset that we can create a more sustainable and beautiful future.

When talking about how CHINT cope with cultural differences and localization challenges in overseas market expansion, Zheng said, “Our strategy is to think globally and act locally. For example, in emerging markets such as Southeast Asia and the Middle East, we have established sales and service networks with local partners. In mature markets such as Europe, we attract local talents through mergers and acquisitions and set up R&D centers to deeply understand regulations and user needs. At the same time, we pay attention to social responsibility, such as participating in the ‘lighting the countryside’ photovoltaic project in Africa and promoting the household photovoltaic universal program in Latin America to integrate into the community through action.”

When asked about her predictions about the key trends of the new energy industry in the next 3-5 years and how CHINT  will proceed to lay out, Zheng pointed out that two key trends are emerging as the renewable energy market continues to grow.

First, the energy mix is rapidly diversifying. The large-scale integration of wind, solar, energy storage, and electric vehicles is expanding application scenarios while placing higher demands on grid resilience, harmonic control, and dynamic response capabilities. In response, distribution and transmission operators are accelerating the development of new power systems characterized by deep integration of generation, grid, load, and storage, driving the grid toward greater efficiency, flexibility, and stability.

Second, technological innovation is becoming the core engine of industry advancement. From breakthroughs in battery technology to grid-forming and distributed storage solutions, the intelligence and responsiveness of energy systems are improving significantly. Meanwhile, leading industry players are increasingly focused on the green transformation of industrial parks, with renewable energy playing a key role in carbon reduction. Green power technologies, such as SF₆-free switchgear, are rapidly replacing traditional systems, contributing to emissions reduction while enabling safer and more sustainable grid operations.

CHINT remains committed to innovation-driven development, working closely with leading customers to co-develop globally competitive solutions. With a focus on energy storage, green power distribution, and other strategic sectors, we continue to invest in ESG-aligned, full-lifecycle low-carbon solutions—empowering our clients to achieve sustainable growth and driving the industry toward a smarter, greener future.

Photo – https://mma.prnewswire.com/media/2683131/Beibei_Zheng_Vice_President_of_CHINT_Global.jpg

View original content:https://www.prnewswire.co.uk/news-releases/beibei-zheng-vice-president-of-chint-global-empower-europes-energy-transformation-and-build-a-zero-carbon-future-302450855.html

Continue Reading

Technology

QCY H3 Pro Wins Red Dot Design Award 2025, Continuing a String of Global Design Accolades

Published

on

By

DONGGUAN, China, May 7, 2025 /PRNewswire/ — QCY, a globally renowned brand in wireless audio technology, is proud to announce that its QCY H3 Pro Adaptive Noise Cancelling Headphones have received the Red Dot Design Award 2025, one of the most prestigious honors in the global design community.

This new award joins the H3 Pro’s increasing number of international awards, including the VGP Design Award and the IDEA Award, thereby further reinforcing its reputation for sophisticated aesthetic, user-centric design, and innovative forward thinking.

Red Dot: The Universal Standard for Design Excellence

The Red Dot Design Award has been one of the most renowned design awards in the world since its establishment in 1954. An international jury of design professionals evaluates products based on design quality, innovation, usability, and functionality. The H3 Pro was distinguished because it features a premium industrial design, a user-friendly interface, and outstanding sound quality.

QCY H3 Pro: A Design and Sound Award-Winning Leap

The QCY H3 Pro is a premium over-ear headphone for immersive, high-resolution sound. Featuring adaptive noise cancellation by up to 50dB and a dual-chip architecture—a main audio chip and a dedicated amplifier chip—it delivers deeper, more powerful bass with better clarity.

The product’s ergonomic shape ensures long-lasting comfort throughout extended listening periods. With support for the LDAC codec and being Hi-Res Audio certified, the H3 Pro delivers detailed sound over a wide frequency band. In addition, the implementation of spatial audio technology allows for a multi-dimensional, cinema-like soundstage, while individual EQ settings through the QCY App allow users to tailor their hearing experience based on their personal needs.

A Commitment to the Future of Design.

This recognition mirrors QCY’s unwavering commitment to design excellence and empowering users. QCY aims to make high-quality audio accessible by merging intelligent technology, eco-friendly values, and considerate design that enriches everyday life.

Regarding QCY as a top global audio brand owned by Dongguan Hele Electronics, it is committed to expanding the possibilities of wireless audio through technology and intelligent design. With more than 16 years of experience in the field and millions of users across the globe, QCY is still venturing into the future of consumer electronics. Stop by qcy.com to learn about the newest products.

PR Contact
Tracy, Senior PR Manager, QCY
pr@qcyearphone.com
Rice, Marketing Director, QCY
Rice@qcyearphone.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/qcy-h3-pro-wins-red-dot-design-award-2025-continuing-a-string-of-global-design-accolades-302450859.html

SOURCE QCY

Continue Reading

Technology

Aker Horizons: Information regarding share-based investment program

Published

on

By

FORNEBU, Norway, May 9, 2025 /PRNewswire/ — In 2021, Kristian Røkke, Chairman of Aker Horizons ASA (the “Company”), participated in a share-based investment program in which the Company sold shares in its subsidiary Aker Horizons Holding AS for NOK 25 million. NOK 10 million were paid in cash by Kristian, and NOK 15 million were financed through a loan from the Company. The share program was settled in 2024 with a total loss for Kristian of NOK 23.8 million.

As part of the settlement, the shares were transferred back to the Company. The Company retained the NOK 10 million in cash contribution, while the portion of the loan not covered by the proceeds from the sale of the shares upon settlement was cancelled in accordance with the agreement. The amount of the loan cancellation in favor of Kristian was NOK 13.8 million, reducing his loss on the investment correspondingly. The debt cancellation mechanism was part of the original terms for the share program.

Kristian today paid NOK 13.8 million to the Company and gave the following comment:

“I recognize the concerns raised by stakeholders and have listened. To reinforce alignment, I have chosen to repay the loan amount that was otherwise cancelled under the agreed terms.”

Contacts

For further information, please contact:

Jonas Gamre, Investor Relations, tel: +47 97 11 82 92, email: jonas.gamre@akerhorizons.com
Mats Ektvedt, Media, tel: +47 41 42 33 28, email: mats.ektvedt@corporatecommunications.no 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/aker-horizons/r/information-regarding-share-based-investment-program,c4147916

 

View original content:https://www.prnewswire.co.uk/news-releases/aker-horizons-information-regarding-share-based-investment-program-302450865.html

Continue Reading

Trending