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Dye & Durham Calls Annual General Meeting of Shareholders and Cancels Special Meeting Requisitioned by Engine Capital

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Special Meeting cancelled in response to Engine Capital’s ever-shifting demands2024 Annual Meeting timing consistent with past practice and will spare the cost of holding two meetingsBoard has been substantially renewed as a direct result of constructive shareholder engagement

TORONTO, Oct. 15, 2024 /CNW/ – Dye & Durham Limited (the “Company” or “Dye & Durham”) (TSX: DND) today announced that the board of directors of the Company (the “Board’) intends to call an annual general meeting of shareholders (the “Annual Meeting”) to be held on December 17, 2024.

The previously scheduled special meeting of shareholders (the “Special Meeting”), called in response to a shareholder requisition submitted by investor Engine Capital LP (“Engine”), has been cancelled. After demanding less than one month ago that the Special Meeting be held “without further delay”, Engine, less than one week later, completed yet another about-face and publicly acknowledged that holding the Special Meeting would among other things, impose unnecessary costs on shareholders.

Despite the Board making several good faith attempts and offering significant concessions, Engine’s unreasonable and ever-shifting demands made a settlement that would be in the interests of all stakeholders impossible. As such, the Board looks forward to holding the Annual Meeting, which will be held at a time consistent with past practice, and putting an end to the costly distraction that Engine has caused.

The Board has continued its efforts to engage constructively with all shareholders, and was pleased to announce a cooperation agreement (the “Blacksheep Agreement”) with shareholder Blacksheep Fund Management Ltd. The Blacksheep Agreement will result in one new high calibre director joining the Board in the near term and a second that will be added to management’s slate for the Annual Meeting, which builds upon the substantial refreshment of the Board since the conclusion of the 2023 annual meeting.

Shareholders will receive detailed information about the matters to be presented at the Annual Meeting and information about how to vote in a management information circular in advance of the Annual Meeting.

Advisors

Dye & Durham has retained Goldman Sachs as its financial advisor, Goodmans LLP and Groia & Company as its legal advisors, and Gagnier Communications LLC and Sovereign Advisory Inc. as its strategic communications advisors.

ABOUT DYE & DURHAM LIMITED

Dye & Durham Limited provides premier practice management solutions empowering legal professionals every day, delivers vital data insights to support critical corporate transactions and enables the essential payments infrastructure trusted by government and financial institutions. The company has operations in Canada, the United Kingdom, Ireland, and Australia.

Additional information can be found at www.dyedurham.com.

Forward-Looking Statements

This press release may contain forward-looking information within the meaning of applicable securities laws, which reflects Dye & Durham’s current expectations regarding future events. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements.

Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management’s current beliefs, expectations, estimates and projections regarding future events and operating performance. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Dye & Durham’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under “Risk Factors” in Dye & Durham’s most recent annual information form. Dye & Durham does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

SOURCE Dye & Durham Limited

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it.com Domains Partners with Dynadot to Build Effective Digital Identities for the IT Sector

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LONDON, Jan. 26, 2025 /CNW/ — A provider of innovative domain solutions, it.com Domains, is announcing a strategic partnership with Dynadot, a leading domain registrar known for its affordability, advanced tools, and customer-centric services. This collaboration aims to deliver tailored domain solutions for the IT industry, helping businesses build effective digital identities in this rapidly evolving sector.

Dynadot stands out with over 6 million domains under management and serves more than 100,000 customers globally. Their unique value proposition includes low-price domain solutions, extensive domain management tools, a robust domain marketplace to acquire and sell domains, and a suite of free tools to help individuals and brands establish their online presence.

The technological landscape is flourishing, with approximately 305 million startups created annually worldwide, reflecting a vibrant ecosystem ripe for innovation. The global IT sector alone is projected to grow significantly, driven by advancements in artificial intelligence and digital transformation. In fact, AI-driven startups are particularly thriving, with investments in this sector reaching nearly $50 billion in 2023.

The introduction of .it.com domains offers a wealth of short and easy-to-remember domain names, broadening opportunities for growing businesses. Beyond technology, they are recognized worldwide as associated with Italy, enhancing its appeal to various international markets seeking global expansion. They also allow companies to stand out through creative branding opportunities, such as wordplay.

Tess Diaz, Director of Channel Development at it.com Domains, stated, “Partnering with Dynadot enables us to harness their domain management expertise to meet the evolving needs of modern enterprises, particularly in the IT sector. Together, we aim to help businesses build impactful digital identities that stand out in today’s competitive landscape.”

Jacqueline Daly, Vice President of Marketing at Dynadot, added, “This collaboration strengthens our commitment to delivering outstanding domain solutions tailored for the modern market environment. With the rapid expansion of the technological sphere, we’re thrilled to support startups and emerging companies in building a robust online presence and achieving their ambitions.”

Learn more about the partnership here.

Website: https://get.it.com/

Logo: https://mma.prnewswire.com/media/2605794/it_com_Logo.jpg

View original content to download multimedia:https://www.prnewswire.com/news-releases/itcom-domains-partners-with-dynadot-to-build-effective-digital-identities-for-the-it-sector-302359877.html

SOURCE it.com

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State Grid Xuzhou Power Supply Company Successfully Completes First Comprehensive UAV Patrol of Distribution Lines

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XUZHOU,china, Jan. 26, 2025 /PRNewswire/ — Recently, with the successful completion of the UAV patrol on the Xuzhou Tongshan Jiao third line, State Grid Xuzhou Power Supply Company has achieved its first comprehensive UAV patrol of distribution lines. Since last year, the company has implemented a rigorous closed-loop control system for drone operations, encompassing pre-flight planning, real-time flight progress monitoring, post-flight quality verification, and defect elimination. This systematic approach has been applied to 2,126 scheduled flights covering all operational distribution lines, ensuring a thorough “carpet-style” inspection.

The patrol focused on identifying critical issues such as tree-line conflicts, channel obstructions, foreign objects, aged connection points, discharge traces, and structural fractures that could compromise the reliable operation of distribution lines and equipment. A comprehensive quality assurance process was established to verify the accuracy and completeness of patrol data, including work order submissions, data integrity, photo standards, and defect identification. This process ensures optimal UAV patrol outcomes and promotes continuous improvement in patrol quality.

Additionally, the company is developing a UAV patrol defect database to facilitate a closed-loop workflow of “precise patrol + targeted defect elimination.” Defects are categorized based on severity, enabling maintenance personnel to prioritize corrective actions effectively. This initiative enhances the overall reliability of the distribution network.

Looking ahead, State Grid Xuzhou Power Supply Company plans to enhance personnel training and explore innovative patrol modes such as adaptive flying and live detection patrols. These efforts aim to further improve patrol efficiency and quality, supporting the city’s distribution network development.

View original content:https://www.prnewswire.com/apac/news-releases/state-grid-xuzhou-power-supply-company-successfully-completes-first-comprehensive-uav-patrol-of-distribution-lines-302360251.html

SOURCE State Grid Xuzhou Power Supply Company

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State Grid Xuzhou Power Supply Company Installs Distributed Optical Fiber Temperature Sensing Early Warning System in Substations

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XUZHOU, China, Jan. 26, 2025 /PRNewswire/ — Recently, the State Grid Xuzhou Power Supply Company successfully completed the installation of a distributed optical fiber temperature sensing early warning system at the 500kV Renzhuang substation. To date, all five 500kV substations in Xuzhou have been equipped with this advanced early warning system, significantly enhancing the fire prevention capabilities and ensuring the safe and stable operation of the power grid.

During winter, the high electrical load combined with dry weather conditions increases the risk of fires in substations. Areas with dense cable installations are particularly vulnerable to fire hazards. Current fire prevention measures primarily rely on passive methods such as flame-retardant materials and fire barriers. Traditional monitoring tools like infrared thermometers, thermal imagers, and temperature-sensitive cables can only provide localized measurements, leaving gaps in comprehensive fire prevention and early warning capabilities.

To address these challenges, the State Grid Xuzhou Power Supply Company has deployed cutting-edge technology by installing a distributed optical fiber temperature sensing early warning system across its five 500kV substations. This system integrates advanced technologies including optical fiber sensing, data transmission, communication, and photoelectric control. By deploying dual-layer S-type temperature sensing fibers along the inner edges of indoor and outdoor cable trays, the system enables real-time monitoring of temperature and temperature change rates at any point along the cables. It offers high-precision temperature measurement and is immune to electromagnetic interference. Notably, it effectively detects localized heating caused by poor connections between power cables and electrical equipment, especially in cable mezzanines and other critical areas. Additionally, the system can be integrated with centralized fire monitoring platforms via optical fiber communication, enabling real-time monitoring and dynamic early warning of potential cable fires within the substation.

View original content:https://www.prnewswire.com/apac/news-releases/state-grid-xuzhou-power-supply-company-installs-distributed-optical-fiber-temperature-sensing-early-warning-system-in-substations-302360235.html

SOURCE State Grid Xuzhou Power Supply Company

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