Connect with us

Technology

EXRO PROVIDES UPDATE ON SEMI-ANNUAL INTEREST PAYMENTS ON OUTSTANDING CONVERTIBLE DEBENTURES

Published

on

CALGARY, AB, Dec. 20, 2024 /PRNewswire/ – Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF), a leading clean-technology company that provides new-generation power control electronics that expand the capabilities of electric motors and batteries, is pleased to provide an update on the settlement of interest payments through the issuance of common shares.

Pursuant to the terms of the C$15,000,000 secured convertible debentures of the Company issued on December 30, 2022 (the “Debentures”), bearing interest at 12% per annum, payable semi-annually in arrears beginning on June 30, 2023 (the “Due Date”). As of December 20, 2024 the Company has 14,950 debenture units outstanding, and an aggregate amount of interest owing on the Debentures payable of C$897,000 (the “Interest”). The Company has elected to issue 6,407,141 common shares in the capital of the Company (“Common Shares”) at a deemed price of $0.14 to the debenture holders as payment for the interest. Pursuant to the Debentures, the deemed issue price per Common Share is calculated based on the volume weighted average trading price of the Common Shares for the five trading days immediately prior to December 20, 2024.

The issuance of the Common Shares as payment for interest owing on the Debentures is subject to the terms and conditions of the Debentures as well as the receipt of all requisite approvals, including, without limitation, the approval of the Toronto Stock Exchange.

About Exro Technologies Inc.

Exro Technologies Inc., now expanded through the strategic acquisition of SEA Electric, is a leading clean technology company that has developed new generation power control electronics. Its innovative suite of solutions, including Coil Driver™, Cell Driver™, and SEA-Drive®, expand the capabilities of electric motors and batteries and offer OEMs a comprehensive e-propulsion solution with unmatched performance and efficiency. Exro is reshaping global energy consumption, accelerating adoption towards a circular electrified economy by delivering more with less – minimum energy for maximum results.

For more information, please visit www.exro.com.

To view our Investor Presentation, visit us at www.exro.com/investors.

Follow us on social media @Exrotech.

View original content to download multimedia:https://www.prnewswire.com/news-releases/exro-provides-update-on-semi-annual-interest-payments-on-outstanding-convertible-debentures-302337807.html

SOURCE Exro Technologies Inc.

Continue Reading
Click to comment

Leave a Reply

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

Technology

OPTICAL CABLE CORPORATION SCHEDULES CONFERENCE CALL TO DISCUSS FOURTH QUARTER AND FISCAL YEAR 2024 RESULTS

Published

on

By

ROANOKE, Va., Dec. 20, 2024 /PRNewswire/ — Optical Cable Corporation (Nasdaq GM: OCC) (“OCC®”) today announced that it will release its fourth quarter and fiscal year 2024 results on Monday, December 23, 2024. The fourth quarter and full year results are for the three-month and twelve-month periods ended October 31, 2024. The Company will also host a conference call on Monday, December 23, 2024, at 10:30 a.m. Eastern Time.

Individuals wishing to participate in the conference call should call (800) 445-7795 in the U.S. or (785) 424-1699 internationally, Conference ID: OCCQ424. For interested individuals unable to join the call, a replay will be available through Monday, December 30, 2024, by dialing (800) 839-7414 or (402) 220-6068. The call will also be broadcast live over the internet and can be accessed by visiting the investor relations section of the Company’s website at www.occfiber.com.

As in the past, OCC will answer questions from analysts and fund investors during the conference call. OCC also invites individual investors to submit questions in advance of the conference call. Questions should be submitted in writing to occ-jfwbk@joelefrank.com by 9:00 a.m. Eastern Time on Monday, December 23, 2024.

Company Information

Optical Cable Corporation (“OCC®”) is a leading manufacturer of a broad range of fiber optic and copper data communication cabling and connectivity solutions primarily for the enterprise market and various harsh environment and specialty markets (collectively, the non-carrier markets) and also the wireless carrier market, offering integrated suites of high-quality products which operate as a system solution or seamlessly integrate with other components.

OCC® is internationally recognized for pioneering innovative fiber optic and copper communications technologies, including fiber optic cable designs for the most demanding environments and applications, copper connectivity designs to meet the highest data communication industry standards, as well as a broad product offering built on the evolution of these fundamental technologies.

OCC uses its expertise to deliver cabling and connectivity products and integrated solutions that are best suited to the performance requirements of each end-user’s application. And OCC’s solutions offerings cover a broad range of applications—from commercial, enterprise network, datacenter, residential and campus installations to customized products for specialty applications and harsh environments, including military, industrial, mining, petrochemical and broadcast applications, as well as for the wireless carrier market.

Founded in 1983, OCC is headquartered in Roanoke, Virginia with offices, manufacturing and warehouse facilities located in Roanoke, Virginia, near Asheville, North Carolina and near Dallas, Texas. OCC’s facilities are ISO 9001:2015 registered and its Roanoke and Dallas facilities are MIL-STD-790G certified.

Optical Cable Corporation™, OCC®, Procyon®, Superior Modular Products™, SMP Data Communications™, Applied Optical Systems™, and associated logos are trademarks of Optical Cable Corporation.

Further information about OCC® is available at www.occfiber.com.

AT THE COMPANY: 

Neil Wilkin                                                     

Tracy Smith

Chairman, President & CEO                         

Senior Vice President & CFO

(540) 265-0690                                               

(540) 265-0690

investorrelations@occfiber.com                     

investorrelations@occfiber.com  

AT JOELE FRANK, WILKINSON BRIMMER KATCHER:

Aaron Palash   

Spencer Hoffman

(212) 355-4449 ext. 8603   

(212) 355-4449 ext. 8928

occ-jfwbk@joelefrank.com 

occ-jfwbk@joelefrank.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/optical-cable-corporation-schedules-conference-call-to-discuss-fourth-quarter-and-fiscal-year-2024-results-302337797.html

SOURCE Optical Cable Corporation

Continue Reading

Technology

JOSH BERMAN JOINS ASSEMBLY AS EVP, ASSEMBLY LEAD IN NORTH AMERICA

Published

on

By

Strategic hire underscores Assembly’s commitment to bolstering its leadership team to deliver best-in-class services and results for its clients. 

NEW YORK, Dec. 20, 2024 /PRNewswire/ — Assembly, a leading global marketing agency within the Stagwell (STGW) network, today announced the appointment of Josh Berman as Executive Vice President, Assembly Lead. Earlier this year, Assembly unveiled a new operating structure with teams organized into ‘Assemblies’ based on geography and industry sector. Based in New York, Berman will co-lead Assembly East, focusing on deepening brand relationships, driving innovation, and providing more rigor, expertise, and growth for clients.

Berman brings 15 years of media industry experience to Assembly. Most recently, as Managing Partner and Client Lead at Wavemaker, he led media planning and buying for a major Church & Dwight brand and contributed to global product development initiatives, leveraging data and technology to craft effective marketing solutions. Over his career, Josh has partnered with marquee brands across various industries, including Citi, Campbell’s, IKEA, Tiffany & Co., Amgen, Marriott, and AT&T. 

Berman’s appointment is part of Assembly’s ongoing growth efforts, ensuring that the agency remains at the forefront of the industry and continues to meet clients’ evolving needs.

“Our clients get the best of both worlds—an agency big enough to lead yet small enough to care—which means each client receives the attention, dedicated leadership, and prioritization the industry and clients are demanding,” said Rick Acampora, Global CEO of Assembly. “Josh’s extensive experience in media strategy, analytics, client leadership, and innovation, coupled with his ability to fuse media and creative to unlock and accelerate brand performance, will be instrumental as we continue to elevate and find the change that fuels growth for our clients. We are thrilled to have him join our team.”

Berman’s role is effective immediately.

ABOUT ASSEMBLY
Assembly is a leading global omnichannel media agency that merges data, talent, and technology to catalyze growth for the world’s most esteemed brands. Our holistic approach weaves together compelling brand narratives with a comprehensive suite of global media capabilities, driving performance and fostering significant business expansion. Our initiatives are powered by STAGE, our proprietary operating system, and executed by a dedicated global team of over 2,300 professionals across 35 offices worldwide. Committed to purposeful action, Assembly leads the way in social and environmental impact within the agency realm. As a proud member of Stagwell, the challenger network designed to revolutionize marketing, Assembly continues to set new standards of excellence. For more information, please visit assemblyglobal.com.

Contact
Mariana Delacqua
mariana.delacqua@assemblyglobal.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/josh-berman-joins-assembly-as-evp-assembly-lead-in-north-america-302337752.html

SOURCE Assembly

Continue Reading

Technology

Newline Interactive Unveils Newline Signage Pro: Revolutionizing Digital Signage Management

Published

on

By

Newline Interactive announces the launch of Newline Signage Pro, an innovative digital signage software designed to simplify and elevate content management for organizations of all sizes.

ALLEN, Texas, Dec. 20, 2024 /PRNewswire-PRWeb/ — Newline Interactive, a global leader in interactive display solutions and AV technology, is proud to announce the launch of Newline Signage Pro, an innovative digital signage software designed to simplify and elevate content management for organizations of all sizes.

With Newline Signage Pro, businesses can streamline their digital signage operations through an all-in-one platform that combines powerful features with ease of use.

With Newline Signage Pro, businesses can streamline their digital signage operations through an all-in-one platform that combines powerful features with ease of use. The software introduces a comprehensive online admin portal, allowing users to effortlessly control their digital content, customize layouts, and manage devices from anywhere.

“We designed Newline Signage Pro with the needs of our customers in mind,” said Chris Bradford, President of Newline. “This software offers robust features while remaining intuitive and accessible, ensuring that anyone can create impactful digital signage without a steep learning curve.”

Key Features of Newline Signage Pro Include:

Streamlined Registration Process: Register devices individually or in bulk using serial numbers, QR codes, or Excel files for a quick and hassle-free setup.Efficient Device Grouping: Organize and manage devices seamlessly for efficient content deployment.Versatile Pre-defined Layouts: Choose from six professionally designed layouts tailored to various display configurations.User-Friendly Content Creation: Craft stunning content with an intuitive drag-and-drop interface.Rich Content Support: Incorporate images, videos, live feeds, weather updates, QR codes, and more into your displays.Live Feed Integration: Engage your audience with real-time feeds from platforms like YouTube Live and Twitch.Simple Scheduling: Schedule content effortlessly to ensure timely and targeted messaging.Seamless Integrations: Sync events and presentations with Google Slides and Calendar and enhance creativity with Canva (coming soon).Fully Integrated System: Preloaded features designed for compatibility with Newline’s Q Pro & STV+ displays, with support for more devices coming soon.

Newline Signage Pro empowers users to deliver engaging and visually compelling content while saving time and resources. Whether it’s for education, retail, corporate, or healthcare environments, the software offers flexibility and tools needed to meet diverse digital signage needs.

Newline Signage Pro is now available and comes preloaded on select Newline displays. For more information, visit https://newline-interactive.com/usa/products/newline-signage-pro/

About Newline Interactive

Headquartered in Allen, Texas, Newline Interactive is a leading supplier of audio-visual technology and innovative software that increases productivity and enables collaboration. Newline Interactive develops products that help organizations in a wide range of vertical markets including financial services, education, healthcare, law enforcement, manufacturing, municipalities, and legal services. For more information, visit www.newline-interactive.com.

Media Contact

Ashlea Dunagan, Newline Interactive, 1 8882330868, adunagan@newline-interactive.com, https://newline-interactive.com/usa 

Twitter, LinkedIn

View original content to download multimedia:https://www.prweb.com/releases/newline-interactive-unveils-newline-signage-pro-revolutionizing-digital-signage-management-302337007.html

SOURCE Newline Interactive

Continue Reading

Trending