A Diverse Portfolio of Highly Prospective Gaming and Digital Media Companies
The well-established video gaming industry is expected to grow at a CAGR of 9.33 percent to reach a worldwide market value of US$222.9 billion by 2025. The largest segment of this industry is mobile gaming, which reached a market value of US$110 billion in 2021 worldwide. The attractive revenues in this industry have led to major partnerships between video gaming companies and large television and film production studios. Ubisoft Entertainment SA (EPA:UBI) produced ‘South Park’ and ‘Avatar’ games while Insomniac Games Inc. produced ‘Spider-man’ games.
The Walt Disney Company’s 2017 deal with EA to exclusively develop ‘Star Wars’ products has reportedly generated billions of dollars in revenue for EA with the related mobile game currently being classified as a billion-dollar entity. As a result, companies in the video gaming industry and, more specifically, the mobile gaming industry with products released in partnership with large entertainment production studios may be an intriguing investment for investors seeking a significant return on investment.
Playground Ventures (CSE:PLAY) is an active management company focused on identifying, acquiring, financing and supporting private companies in the mobile game and digital media industries. The company seeks to create shareholder value by offering early-stage access to a portfolio of private companies with highly prospective products and projects.
In April 2021, Playground Ventures acquired 40 percent interest in MotionPix Game Studio as part of a joint venture with Ludare Groups Inc. The MotionPix Game Studio joint venture will launch a high-profile mobile gaming asset that has already been fully developed. The mobile game is set to be released in the second quarter of 2022 in conjunction with a highly anticipated blockbuster movie release.
In May 2021, Playground Ventures seed invested C$350,000 in TinyRex Games Inc. for the rights to certain shares in the capital of the company. Led by a management team with a history of success in the mobile gaming and social casino industry, this partnership will bring to market three exciting idle genre games over the course of the next two years. The games will be available on iOS and Android mobile platforms with the first release ready for download in early 2022.
In July 2021, Playground Ventures entered a seed investment agreement to acquire up to 60 percent interest in GG Hub SRL (“Got Game”). Got Game is an Italian media gaming corporation founded by an experienced team of entrepreneurs and broadcasting professional. The team is building a vertically integrated European based broadcast and streaming channel that will focus on the gaming, Esports and digital media world. With a targeted launch date of late Q4 2021 for their Italian platform, this channel will provide 24/7 media content that will be translated into multiple languages and available on several media platforms. They are currently in discussions with providers to expand into different European countries.
In October 2021, Playground Ventures completed the acquisition of Countervail Games Ltd., a mobile game developer with exclusive rights to a proprietary mobile game project. This game was developed alongside another high-profile game developer and is licensed with Braille Skateboarding, the largest online skateboarding community in the world. Their first project titled “Skate Video Tycoon” capitalizes on Patent Pending Proprietary IP of the integration of Live video and Digital media in an Idle genre game. This game is currently in soft launch and is getting ready for the user acquisition phase of commercialization.
Playground Ventures has a strong equity position with C$1.73 million raised in three months, for a total of C$2.53 million raised in the past year. The funds have been used to complete the strategic portfolio acquisitions and joint ventures previously mentioned.
As a new company with an active acquisition strategy, Playground Ventures boasts a tight capital structure with 55,402,237 shares outstanding with 60 to 70 percent of shares currently held by company insiders. The company also has an impressive market capitalization of $11,080,447 with a share price of $0.20.
Going forward, the company plans to bring its current assets to market and expects to be cash-flowing in the first half of 2022. As Playground Ventures continues to scale its operations, they will work towards having its own in-house user acquisition assets and will move to hire a CTO. The management team is also in the process of performing its due diligence on several local and global opportunities to expand its portfolio of assets.
The company is led by a thoroughly experienced management and advisory team with decades in the gaming and investment industries. Playground Ventures advisory board includes key industry leaders with a network of strong industry connections to facilitate deals and company progress.
Playground Ventures’ Company Highlights
- Playground Ventures is an active management company focused on identifying, acquiring, financing and supporting private companies in the mobile game and digital media industries.
- Playground Ventures creates shareholder value by offering early-stage access to a portfolio of private companies in the digital media and mobile gaming sectors with highly prospective products and projects. The company plans to be cash flowing in the first half of 2022.
- The company acquired 40 percent interest in MotionPix Game Studio as part of a joint venture. MotionPix Game Studio will launch a high-profile mobile gaming asset that has already been fully developed and is set to be released in the second quarter of 2022 in conjunction with a highly anticipated blockbuster movie release.
- Playground Ventures seed invested C$350,000 into TinyRex Games Inc. for the rights to certain shares in the capital of the company. This partnership will bring to market three exciting idle genre games with the first release in 2022.
- The company also recently acquired Countervail Games Ltd. which has exclusive rights to a proprietary mobile game project with another high-profile game developer. The mobile game project that utilizes Patent Pending Proprietary IP was soft launched in July 2021 and is licensed with Braille Skateboarding, the largest online skateboarding community in the world.
- Playground Ventures entered into an investment agreement to acquire up to 60 percent interest in GG Hub SRL, an Italian company that is building a vertically integrated European based broadcast and streaming channel. Currently, Playground Ventures owns 20 percent in GG Hub.
- The company is led by a highly experienced management and advisory team with decades in the gaming and investment markets industries.
- Tight capital structure with 55,402,237 shares outstanding with 60 to 70 percent of shares currently held by company insiders.
Playground Venture’ Key Projects
Playground Ventures’ Management Team
Jon Gill – Chairman
Jon Gill is a former operating partner at HSD Capital which is a merchant bank. Gill is president and CEO of Super Electric Corporation which is a consumer products company based in North America and Asia. Gill is also a managing director of SEGA Entertainment Canada. He also spent 11 years with a national brokerage firm and was the past president and chairman of the Toronto Investment Dealers Association.
Chris Irwin – CEO and Director
Chris Irwin practices securities and corporate and commercial law. Irwin is also the president of Irwin Professional Corporation. He advises a number of public companies on a variety of issues including compliances, regulatory issues, reverse-takeover transactions, initial public offerings and M&A.
Harrison Reynolds – Director
Harrison Reynolds is an entrepreneur in the tech and entertainment sectors. He has been a founding member of multiple venture-backed startups in the film and mobile gaming industries and has assisted in their concept development, corporate strategy and raising of private equity.
Nidhi Kumra – CFO
Ms. Kumra is an accounting and finance professional with over 15 years of experience in audit, finance & business operations with a CA and CPA designation. Most recently Nidhi served as VP Finance for a global marketing agency and previous to that, Nidhi led the finance team at Labatt Breweries, a subsidiary of AB InBev – a Fortune 500 Company.
Kaylee Whitcroft – Operations Accounting Manager
With her Designation of CA and CPA, she was a former Manager in the audit practice at Deloitte LLP. Ms. Whitcroft most recently served as the Controller and Senior Manager of Acquisition at an international company, where she managed a finance team in a division that had grown over 100 percent in one year through significant acquisition activity.
Jay Balmer – Advisor
Jay Balmer held a former leadership position at EA Games where he created the revolutionary and patented gameplay controls for the award-winning Skate franchise. Balmer joins the advisory board with 17 years of industry experience and as a founding partner of Session Games.
Ron Segev – Advisor
Ron Segev is a founding partner of Segev LLP and recognized by chambers and partners as one of the top gaming lawyers in the country. He has extensive experience in private and public M&A and finance transactions. Segev sits on the board of several publicly-traded companies.
Andrew Murphy – Advisor
Andrew Murphy has 20 years of industry experience and currently is a founding partner of Session Games. While at EA Games and Microsoft, he created the worlds for the SSX trilogy, Need for Speed and the Gears of War Franchise.
Sheldon Inwentash – Advisor
Sheldon Inwentash is the founder, chairman and CEO of ThreeD Capital Inc. which is a publicly traded Venture Capital fund. Inwentash has over 30 years of investing experience and has been an early investor in several companies that have had successful exits.
Ian Verchere – Advisor
Ian Verchere was involved in the creation of over 40 games that have generated over $1 billion in retail value while working for publishers such as EA, Sony, Disney and ESPN. Verchere has over 30 years of industry experience and is a founding partner of Session Games.
Kenny Huang – Advisor
Kenny Huang is a co-founder of the Bluebat game that was acquired by Greentube. Huang is credited for his contribution with 7 Triple A titles including NHL, Fight Night, FIFA, NBA and Madden. Huang is the founder and current CEO of TinyRex Games.
Ben Stoddard – Advisor
Ben Stoddard created several number one free-to-play action sports games, shipped multiple titles for Red Bull Media House and has participated in the development of EA titles such as the Skate and SSX franchises. Stoddard has 15 years of industry experience and is a founding partner of Session Games.
Transforming Aging One-Way Grids into Digitized Multi-Directional Smart Grids
Extreme weather conditions and consumer behaviour pattern changes, such as the shift towards electric vehicles, are increasing the number of challenges confronting utilities. These factors, coupled with existing aging infrastructure, leave legacy one-way grids unprepared and ill-equipped to manage the demands of the modern world.
Smart grids provide reliable and sustainable services to utilities by providing a digital network made up of multi-directional communications, control systems and edge-computing processing that can reduce the frequency and duration of power outages, reduce storm impacts, and restore service faster when outages occur. The global smart grid technology market is expected to triple in size from 2017 to 2023 to reach US$61 billion. As global investments in renewable energy capacity increased from $32 billion in 2004 to $282.2 billion in 2019, smart grid companies will likely present an exciting opportunity for investors.
Tantalus Systems (TSX:GRID) is a smart grid solutions provider focused on transforming aging one-way grids into future-proofed multi-directional smart grids. The company’s goal is to improve the efficiency, reliability and sustainability of public power and electric cooperative utilities and the communities they serve in North America and the Caribbean Basin. Tantalus is led by a highly experienced management team with decades of experience in the energy and capital markets.
In 2013, Tantalus was the first company in their market to deliver a Linux-based edge computing platform in the utility industry. The company’s market-leading edge computing platform and its unique technical abilities set Tantalus far ahead of the competition –– many of which are only now starting to implement edge computing.
Tantalus offers a purpose-driven and cyber secure market-leading edge computing platform, robust software applications and an advanced IoT communications network. The company also aggregates and leverages 30 billion data points from its user community and utilities to provide in-depth data analytics to customers. These analytics allow utilities to efficiently and effectively manage service quality and infrastructure to save money, reduce greenhouse gas emissions, improve efficiency and avoid unwanted major events such as fires.
The company also boasts a highly impressive 99 percent customer retention rate over 30 years. As a result, Tantalus has established deep relationships with customers that typically last for 15 or more. The company also had a compounded annual customer base growth rate of 20 percent from 2013 to 2020. In the first two quarters of 2021 alone, the company added 11 new utilities to its user community for a customer base of over 200 utilities.
In August 2021, Tantalus announced strong financial results for the second quarter of 2021. The company reported a 7 percent revenue growth year-over-year for the first six months of the year from US$15 million to US$16 million. The company also reported its 18th consecutive quarter, or more than four years of delivering positive adjusted EBITDA.
Tantalus completed a C$9.9 million financing in conjunction with going public in February, 2021 and recently completed a C$10.6 million overnight-marketed financing which substantially strengthened its balance sheet. As a result of this financing, the company has a strong cash position on August 12, 2021 of approximately US$16 million.
The company also prides itself on its positive organizational culture that fosters a rewarding environment for employees to engage and contribute in the company’s key initiatives. The company’s culture breeds autonomy and accountability for all employees, including the top executives. Tantalus has 120 to 125 employees who are passionate and proud of the achievements and goals that the company has.
Going forward, Tantalus plans to continue scaling their user community of utilities, monetizing the data that is captured by their solution and expanding the applications that they deliver through investment in R&D. The company also plans to expand to new geographic regions and seek strategic partnerships and M&A opportunities.
Tantalus Systems’ Company Highlights
- Tantalus Systems is a smart grid solutions provider focused on transforming aging one-way grids into future-proofed multi-directional smart grids for public power and electric cooperative utilities in North America and the Caribbean Basin.
- Tantalus offers a purpose-driven and cyber secure market-leading edge computing platform, robust software applications, an advanced IoT communications network and deep data analytics.
- In 2013, Tantalus was the first company in their market to deliver a Linux-based edge computing platform in the utility industry.
- The company also boasts a highly impressive 99 percent customer retention rate over 30 years and a compounded annual customer base growth rate of 20 percent from 2013 to 2020.
- The company has a strong cash position, strong year-over-year revenue growth and more than four consecutive years of positive EBITDA.
- Tantalus is led by a highly experienced management team with decades of experience in the energy and capital markets.
Tantalus Systems’ Key Markets
Tantalus provides various smart grid solutions to customers, including advanced metering infrastructure, distribution automation, ERT meter migration, fiber-to-the-home, load management, power line communications, TUNet grid reliability analytics and insight and electric, water and gas AMR.
The company’s in-depth analytics based on data points allow utilities to efficiently and effectively manage service quality and infrastructure, automate billing, identify power outages and analyze constant power quality data to identify inefficiencies or vulnerabilities in their grid. Ultimately, this data can help utilities save money, reduce greenhouse gas emissions, improve efficiency and avoid unwanted events such as fires.
Tantalus recently announced the addition of its 200th utility joining the company’s growing user community of public power and electric cooperative utilities in Canada, the US and the Caribbean Basin. Tantalus is trusted by a variety of utilities, such as EPB Chattanooga, Entegrus and the US Virgin Islands Water and Power.
Tantalus Systems’ Management Team
Peter Londa – Director, President and Chief Executive Officer
Peter Londa is a seasoned smart grid technology executive with over 20 years of experience in leadership roles. Londa joined Tantalus as president & chief executive officer in 2014 and he is also a director of Tantalus. Before joining Tantalus, Londa served as the independent chair of the board of directors for World Energy Solutions Inc. (NASDAQ:XWES) and as the chair of the Merger and Acquisition Committee. Londa was actively involved in leading World Energy’s sale to EnerNOC (NASDAQ:ENOC).
Previously, Londa served as the chief executive officer of BPL Global Ltd. BPL Global is a leading smart grid company delivering technology solutions to the electric utility industry with operations in the United States, Europe, Middle East, India and China. At BPL Global, Londa was responsible for directing and managing all aspects of corporate strategy, operations, engineering, corporate development and financing. Londa was also instrumental in executing the sale of BPL Global to a division of the Danaher Corporation (NYSE:DHR). Additionally, he has held various leadership positions in the technology and investment banking industries at companies, including The Chart Group L.P., Thoughtworks, Inc. and SG Cowen. Londa is a graduate of Emory University and holds a JD, MBA in Finance and Corporate Law and a B.A. in Economics.
Dermot O’Leary – Chief Operating Officer
Dermot O’Leary is a 40-year veteran of the utility industry with expertise in all aspects of strategic planning, product development, manufacturing and supply chain processes, customer deployments, business development, contracting and international business. O’Leary currently serves as Chief Operating Officer of Tantalus. Before joining Tantalus in 2014, he served as executive vice president and general manager of the substation group of Serveron which is a VC-funded technology company that was acquired by BPL Global. Before his roles at Serveron and BPL Global, O’Leary spent the majority of his career in international executive leadership positions within Schlumberger. O’Leary served as VP and GM of Schlumberger RMS U.K. and Schlumberger Southern Africa. He also served as managing director of Schlumberger M&S South Africa and VP of sales of Schlumberger Industries North America. O’Leary was also the vice president and general manager of Cellnet, where he was responsible for the business unit P&L of the AMR group.
George Reznik – Chief Financial Officer
George Reznik has over 25 years of expertise in executive financial leadership and operations. Reznik has held key roles at rapidly growing public companies in the high technology industry. Reznik currently serves as chief financial officer of Tantalus. Before joining Tantalus in September 2020, Reznik served as chief financial officer and corporate secretary of Intrinsyc Technologies Corporation which is an IoT edge computing company. Reznik also served as the corporate finance valuation practice leader of Deloitte. At Deloitte, he was a member of the accounting practice in Canada and the United Kingdom for over 12 years. Reznik is a Chartered Professional Accountant – Chartered Accountant, a Chartered Business Valuator and a Certified Fraud Examiner. Reznik is also the 2017 recipient of the BC Public Company CFO of the Year award. Additionally, Reznik is the current chair of the BC Tech Association CFO Council.
Hugo Hodge – Executive Vice President and General Manager of the Caribbean Basin
Hugo Hodge serves as executive vice president and general manager of the Caribbean Basin for Tantalus. Hodge has dedicated his career to the success of utilities. Right before joining Tantalus, Hodge served as chief executive officer of the Virgin Islands Water & Power Authority. At Tantalus, Hodge leads strategic efforts to expand Tantalus’ presence in the Caribbean Basin through his extensive experience in distribution utility operations and his understanding of the unique business and operational issues in the region. Hodge has also held technical and leadership roles at Griffin Power (GA), Marietta Power (GA) and Georgia Power. Hodge is actively involved with the Caribbean Electric Utility Services Corporation (CARILEC), American Public Power Association (APPA) and the Electric Cities of Georgia (ECG) to support public power utilities across North America and the Caribbean.
Michael J. Julian – MBA and Chief Revenue Officer
Michael Julian served as the executive vice president of sales and commercial marketing at Tantalus for over a decade. Today, Julian is the chief revenue officer at Tantalus. As chief revenue officer, Julian is responsible for the evaluation and pursuit of strategic initiatives to accelerate revenue generation. Through the Tantalus sales organization, Julian works alongside the broader organization and executive leadership to identify paths to scale the company. Julian is a former United States Air Force officer. Julian has over 20 years of leadership, sales management and sales experience within the energy and communications industries. Julian has held roles at GE, Ericsson, Tekelec and Catapult Communications. Julian is a graduate of General Electric’s Technical Sales Program. He earned an MBA from the W.P. Carey School of Business at Arizona State University and holds a B.S. in Electrical Engineering from Villanova University.
Michael Grandis – General Counsel
Michael Grandis currently serves as the general counsel of Tantalus and is responsible for all legal matters across the company and its affiliates. He oversees contracting, corporate governance, partnership, intellectual property, employment, compliance and other transactional matters. Before joining Tantalus, Grandis was a corporate partner at Loeb & Loeb LLP in the New York law office. During this time, Grandis also acted as outside general counsel to Tantalus for several years. Grandis has nearly two decades of experience practicing law at New York law firms. Grandis has represented clients on a broad range of corporate, securities and other transactional engagements.
Additionally, Grandis serves as the chairman of the board of trustees of a charter school network in New York and also sits on the board of directors of a large youth sports organization. He also lectures on venture finance and other entrepreneurial topics at Cornell Tech which is a joint academic venture between Cornell University and the Technion-Israel Institute of Technology in New York. Grandis received his B.S. from Georgetown University and his J.D. from Columbia University School of Law where he was a member of the Columbia Business Law Review.
Laura Formusa – Chair and Director
Laura Formusa has more than 30 years of experience in the utility industry. Formusa is currently a director of Tantalus. She served as president and chief executive officer at Hydro One Inc. from 2007 until her retirement at the end of 2012. She joined Hydro One Inc. in 1980 and took on roles of increasing responsibility, including vice-president, general counsel and secretary. Formusa serves on the boards of Equitable Life Insurance Company of Canada, 407 International Inc. and ENMAX where she is chair of the Safety and Human Resources Committee. She has also served on the Boards of DHX Media Ltd., the Canadian Electricity Association, ICES and York University. Formusa has a Bachelor of Laws from York University’s Osgoode Hall Law School and holds the Institute of Corporate Directors Designation.
Dr. Francis J. Harvey – Director
Dr. Francis Harvey is currently a director of Tantalus. He served as the 19th Secretary of the United States Army from November 2004 to March 2007. As the Secretary, Harvey was responsible for the Department of the Army’s annual budget and supplemental budget of over $200 billion. He led a workforce of over one million Active Duty, Army National Guard, Army Reserve Soldiers and Department of the Army civilian employees. Before becoming the Secretary, Harvey served on six corporate boards, including three portfolio companies of the Carlyle Group. He served as the vice-chairman for two of those companies.
Currently, Harvey is on the corporate or advisory boards of six companies and private equity firms in the energy, defense and information technology sectors, including Tantalus. The majority of Harvey’s business career was spent with the Westinghouse Electric Corporation. Harvey joined Westinghouse Electric in 1969 as a senior engineer and in 1997 he became the chief operating officer. While at Westinghouse Electric, he held several senior leadership positions, including vice president of science and technology, president of the government and environmental services company and president of the defense and electronics systems group. Harvey holds a BS from the University of Notre Dame and a Ph.D. in Metallurgy and Material Science from the University of Pennsylvania.
Thomas Liston – Director
Thomas Liston is a technology investor and advisor. He currently serves on several boards of directors for public and private technology companies. He has a strong track record of shareholder value creation for the companies he has worked at. Before his current roles, he was the chief investment officer of a leading technology-focused venture capital firm that provided growth capital to late-stage private companies. Liston began his career as a research analyst covering public Software and IT Services companies. In 2003, he joined Versant Partners in the same role and was quickly promoted to director of research while maintaining his coverage of technology companies.
As a technology analyst, Liston has been consistently ranked among the top technology analysts in several surveys, including StarMine, Brendan Wood, Greenwich Associates and Reuters. Liston is a CFA charter holder. He has a Bachelor of Business Administration degree in Finance from the University of New Brunswick and a Master of Arts in Economics and Finance from Queen’s University. He was a recipient of the UNB Faculty of Management’s Certificate of Achievement in 2017 and was recognized with the Proudly UNB Alumni Award of Distinction in 2020.
John McEwen – Director
John McEwen is a co-founder of Discovery Capital and a director of the BC Discovery Fund (VCC) Inc. He has worked with nearly 200 technology companies. McEwen also serves on several investee company boards. He spearheaded corporate finance initiatives for companies such as Sierra Wireless Inc. and Circon Systems Corp. that accelerated their development by attracting key corporate and additional venture capital backing. Before co-founding Discovery Capital, he worked with IBM Canada Ltd. He holds a Bachelor of Commerce from U.B.C.
Bold Innovations in Military Defense Software and Equipment
KWESST Micro Systems (TSXV:KWE) is a technology company which develops and commercializes breakthrough next generation tactical systems that meet the requirements of security forces and personal defense for overmatch capability against adversaries. The key market segments and solutions addressed by KWESST technologies are:
- Breakthrough technology in non-lethal systems with broad application, including law enforcement and personal defence.
- Modernized digitization of tactical forces for shared situational awareness and targeting.
- Counter measures against threats such as drones, lasers and electronic detection.
KWESST’s Non-Lethal Product
Low Energy Cartridge System (LEC)
The market for non-lethal products is a recurring multi-billion-dollar opportunity. Customers continue to seek better solutions as many legacy systems can be lethal, and frequently are unreliable. Thousands of fatalities have been recorded from existing cartridge-bases systems, including conducted energy devices such as Taser. Other legacy products that are “less” lethal typically fire from air guns, which are inherently unreliable as they are affected by ambient temperature and involve high maintenance including as a result of air seals and “O” rings drying out and bursting, causing catastrophic failures. Air-based systems also entail a long logistics tail of compressors, air tanks and spare parts.
The LEC systems solves these problems with the proven reliability of a cartridge-based system in a low-cost firing platform that fires only LEC cartridges. The firing platforms are offered in various patterns that replicate the look of a real firearm, or avoid the appearance of a firearm altogether, at the user’s choice. The proprietary LEC cartridge automatically stabilizes the projectile for accuracy and distance, with an energetic actuator that controls velocity and muzzle energy well below lethal levels, and with no need for gunpowder or conventional propellant. The system’s soft frangible projectiles come with various payloads, including colored marking agent, inert powder or a safe but powerful irritant powder that temporarily incapacitates subjects.
The table below shows why LEC is the best choice among current non-lethal weapons.
LEC is an inexpensive dedicated firing platform that fires only LEC cartridges. These are offered in various patterns that replicate the look of a real firearm, or avoid the appearance of a firearm altogether, at the user’s choice.
LEC’s soft frangible projectiles come with various payloads, including colored marking agents, inert powder, or a safe but powerful irritant powder that temporarily incapacitates subjects.
LEC has two provisional patents and is the world’s first cartridge-based non-lethal firing system. It is a breakthrough over existing air-based systems with a projectile of high fps velocity, which is considered lethal. LEC is made with a non-lethal low energy cartridge case that generates spin to a projectile reducing velocities and muzzle energy below the lethal threshold of 400 feet per second (fps). This is done with no need for gunpowder or conventional propellant.
Meanwhile, tasers and maces are for close encounters increasing the probability of disarmament by assailants. Tasers, carried by some 400,000 American patrol officers, are also given an effectiveness rating of only 57.1 percent by the Los Angeles Police Department.
KWESST’s non-lethal Low Energy Cartridge (LEC) product line will culminate with an official commercial launch at the 2022 SHOT Show® in Las Vegas, January 18 – 21.
The LEC system is the world’s first cartridge-based non-lethal firing system with universal application across four market segments that currently use a variety of dated “non-lethal” or “less-lethal” solutions. These segments are (i) public order and security (riots and control of dangerous subjects), (ii) military and law enforcement training (realistic force-on-force training), (iii) personal defence (home, car, boat, RV, camping, hiking), and (iv) high-action gaming.
KWESST is prioritizing the global self-defence and the public order and security markets, where there exist ready channel partners, including large e-marketplaces for tactical products and sophisticated social media campaigns, hence avoiding the expense and time to build out an internal sales force. These markets represent near-term opportunities with short selling cycles.
Modernized digitization of tactical forces for shared situational awareness and targeting
Tactical Awareness and Situational Control System “TASCS”
KWESST Micro Systems’ Tactical Awareness and Situational Control System (TASCS) is a software package that can be integrated or added on to small weapons systems commonly carried by soldiers to enable precise networked surveillance and targeting on a wide range of technical platforms. The technology has the potential to provide targets beyond traditional line-of-sight targeting systems, proving the potential for soldiers to identify targets they cannot see directly. KWESST Micro Systems’s TASCS software can be used as an add-on for drones and counter-drone original equipment manufacturers (OEMs) as well.
Using TASCS, operators have the capability to “mark” areas or persons of interest which can then be shared with other reconnaissance technology such as drones or scoping imagery to confirm the areas or persons of interest. In December of 2019, KWESST Micro Systems signed a development contract to incorporate TASCS into a networked soldier Heads Up Display (HUD) system.
The company completed the second of two phases in October 2020 for a US military customer, which showed that its TASCS IFM had better accuracy and quicker response times on indirect fire systems, including mortars, improving soldier survivability and operational effectiveness.
The company completed the second of three phases of its Tactical Awareness and Situational Control System (TASCS) and Integrated Fires Module (IFM) for a US military customer. The product is an App and snap-on weapon adaptor that enables real-time streaming of situational awareness data of any kind from any source, including drones, direct to smart display devices and operational assets, for a common operating picture and networked engagement. This phase demonstrated that KWESST’s TASCS IFM had greater accuracy and faster response times on indirect fire systems like mortars, improving soldier survivability and operational effectiveness.
On the heels of this, KWESST was upgraded to “USA Partner” for SAMSUNG Electronics America, which will help the company deploy its SAMSUNG S20TE smartphone in its production version of the TASCS in addition to its IFM for networked targeting on soldiers’ weapons.
Counter measures against threats such as drones, lasers and electronic detection.
Drone Threat & Counter Solution – GreyGhostTM
KWESST Micro Systems’ patented drone threat and counter-drone solution DroneBullet ™ is capable of autonomously tracking and neutralizing an enemy drone from any detection source. The technology can be applied as an add-on to existing drone and counter-drone OEMs.
KWESST Micro Systems’ counter-drone technology DroneBullet is a kinetic and integrated counter-drone system capable of launching a miniature ground-to-air missile designed to intercept enemy drones or aerial vehicles.
Electronic decoy – PhantomTM
PhantomTM is an electronic battlefield decoy system to mask the electromagnetic signature of friendly forces with decoy signatures at false locations to deceive and confuse adversaries.
(INN to add text and pictures from Company’s investor presentation)
Thanks to a Notice of Allowance issued by the United States Patent and Trademark Office (USPTO) in October 2020 for the company’s patent application covering its PhantomTM electronic battlefield decoy, the company is one step closer to achieving its goal.
The platform addresses the needs required for miniaturized electronic decoys that soldiers or drones can deploy in contested areas of operation in order to prevent the opposition from locating NATO forces.
KWESST Micro Systems’ Company Highlights
- Aiming to become a leading developer of software and equipment for military and security uses
- KWESST announced the official commercial launch of its Low Energy Cartridge System (LEC) technology at the SHOT Show in Las Vegas in January 2022
- KWESST qualified for up to $1.5M in project funding in support of the further development and productization of its TASCS IFM system, Phantom electronic decoy system and counter-drone system.
- TASCS software package can be integrated into existing small weapons systems
- Has completed the second of three phases for its TASCS and IFM for a US military customer
- GreyGhost technology is capable of identifying an enemy drone and sending a miniature surface-to-air missile in order to mitigate the threat
- Received Notice of Allowance from the USPTO for its PhantomTM electronic battlefield decoy system
- Upgraded to “USA Partner” with SAMSUNG Electronics America, which will allow the company to employ its SAMSUNG S20TE smartphone in its production version of the TASCS in addition to its IFM for networked targeting on soldiers’ weapons
- Management team has a long track record of success, including experience in the global defense and security market
KWESST Micro Systems’ Management Team
Jeff MacLeod — Founder, President, CEO and Board Member
Former Canadian RCEME officer, served as System Engineer for three Major Army Crown Projects before moving to the private sector. Nineteen years experience as General Manager of Diemaco / Colt Canada. Expert in the Small Arms and Soldier Systems field as well as all aspects of manufacturing. Formed KWESST Micro Systems in 2017 to pursue opportunities in the networking and digitization of legacy and future weapons systems.
David Luxton — Executive Chairman
Serial entrepreneur in defence and security industry. Former Canadian infantry officer and senior official with the Canadian and British governments before leading the global build-out of successive defence and security companies. Founded Simunition, the world leader in simulated munitions for close-quarters’ combat training of military and police. Led the build-out of Allen Vanguard from $5M to $300M, where he remains Chairman. Former Executive Chairman of United Tactical Systems.
John McCoach — Director
John McCoach retired from full-time employment in 2016. At that time he was President, TSX Venture Exchange; a role he held for seven years. John is a director of the Capital Markets Authority Implementation Organization. CMAIO is tasked by The Government of Canada, six provinces and one territory to create a pan Canadian securities commission. He is also the Lead Director, Liberty Defense Holding Ltd. John was a director, and Interim CEO, of Nautilus Minerals Inc. John is also a director of the Royal Canadian Marine Search and Rescue.
Steven Archambault, CPA, CA — Chief Financial Officer
Mr. Archambault began his career as a CPA, CA with Ernst & Young LLP, followed by senior finance positions at AXIS Capital, a global insurer and reinsurer, and more recently had CFO roles with small cap public Canadian companies listed on the TSX-V and CSE in media broadcasting technology and health & wellness industries.
Paul Fortin — Director
Paul has held senior business development positions within two of Canada’s largest law firms – Gowlings WLG and more recently Borden Ladner Gervais LLP where he was responsible for the firm’s defence and security as well as international expansion strategies which encompassed Asia Pacific, United Kingdom, and the United States. His network includes exceptionally strong ties to the defence community and diplomatic defense attaché network, notably with the USA (Air Force, Army, Navy, USMC), Five Eyes, Korea, Ukraine, Israel, NATO, and Middle Eastern (Gulf States).
Paul Mangano — Director
Paul is a 34-year veteran of the high technology sector. He has an MBA in High Technology from Northeastern University and a BA in Economics from Harvard. In 2015, he established Surculus Advisors, a management consulting firm providing advice, leadership, to SME companies in the high-tech sector including aerospace and defence. Prior to forming Surculus Advisors, Paul was a Division President at L-3 Communications (NYSE: LLL). Paul worked as SVP, Business Development at VT Griffin, and President & COO of Proterion Corporation.
Elisabeth Preston — Director
Elisabeth Preston is Chief Legal Counsel for a top tier international defence company with widespread global operations. She is an international business and trade lawyer, with significant transactional experience in many jurisdictions. Her experience spans more than thirty years advising companies as an executive in areas relating to governance, cross-border marketing, strategic relationships, major commercial transactions and financings to fund growth.
Warren Downing — Director of Innovation
Fifteen years in the Royal Australian Air Force. Transitioned to an industry where he has built upon his military experience with 20 + years of Systems Engineering and Program Management with Defense and communications companies such as CAE Inc, Lockheed Martin, General Dynamics, DRS Technologies and Colt Canada.
Jeffrey M. Dunn — Senior Advisor
Mr. Dunn’s career includes being Chief Operating Officer for ARTEMIS, Inc., the Naval Service Lead for Rapid Prototyping at Booz Allen Hamilton, and Director Strategic Development at General Atomics Aeronautical Systems. He is the recipient of several medals and awards during a twenty-year career as a U.S. Marine AV-88 Harrier pilot and mission commander.
The Recycling Solution to the EV Lithium Battery Metal Supply Challenge
It’s no secret that lithium-ion batteries power the modern world, and all signs point to them being an absolute necessity for future technology. The global market for lithium-ion batteries is anticipated to register a CAGR of 20.1 percent between 2021-2026, resulting in a market size of US$168 billion in 2026, a substantial increase from US$46.8 billion in 2019. The stationary energy storage market is expected to drive the market growth, with applications reaching across many industries, from telecoms to solar power generation systems. Lithium-ion batteries are so important to the future that US President Biden issued an executive order declaring a list of metals that are critical to the United States, signaling the vital importance of these metals.
Scientists and engineers around the world are racing towards the development of various lithium-ion battery recycling techniques. The projected surge in demand for these batteries creates an accompanying surge in batteries that need to be recycled 5-8 years later. Much of the research into recycling lithium-ion batteries focuses on reclaiming batteries and giving them second-life applications. However, there are other opportunities to create profitable upcycling processes that make use of production scrap and other waste materials. These recycling and upcycling processes focus on extracting valuable materials from lithium-ion batteries that can be directly used in the production of new batteries.
American Manganese Inc. (TSXV:AMY,OTCQB:AMYZF,FSE:2AM) is a technology and critical metals-driven company that is focused on advanced lithium-ion battery upcycling. The company owns two patents (US Patent No. 10,246,343 and US Patent No. 10,308,523) that power its innovative upcycling process. It also owns patents for this process in Japan and Korea. This closed-loop process takes battery manufacturing waste and end-of-life batteries and upcycles them into a high-value cathode precursor material. The company also has three mining projects located in the United States and Canada.
Lithium-ion batteries are a 31 percent active cathode material, which is a combination of lithium, nickel, manganese and cobalt. For example, modern cathodes such as lithium nickel manganese cobalt oxide and lithium nickel cobalt aluminum oxide are used in electric vehicles today. The cost of the active cathode material represents 25 percent of the total costs of lithium-ion batteries. This makes the active cathode material an important aspect of lithium-ion battery manufacturing. American Manganese has pioneered a process, called RecycLiCo, that takes battery cathode production waste and black mass from end-of-life batteries and upcycles it into high value cathode precursor material that can be directly integrated into the battery manufacturing process.
RecycLiCo is the company’s flagship project and a clear indicator of the renewed direction of the company. While American Manganese began as a mining company, they’ve since pivoted to developing and commercializing its patented upcycling process. The process is focused on “black mass” a dark substance that’s created by mechanical size reduction of end-of-life batteries and battery production wastes. Black mass is used in the RecycLiCo process to recover 99 percent of lithium, cobalt, nickel and manganese, which is astounding compared to the alternative which recovers no lithium and only 40-60 percent of nickel and cobalt.
“Generally, you can mechanically break down a battery into its individual components but we differentiate [between recycling and upcycling] by creating a higher-value product. That’s exactly what we’re doing with the production of the cathode precursor. We highlight the importance of reducing the amount of steps and going directly into a higher-value product,” said Zarko Meseldzija, chief technology officer, in a recent interview.
The current roadmap for the RecycLiCo process is to grow the project from a pilot plant and R&D into a demonstration plant. The company has committed $2.7 million towards the construction and testing of its demonstration plant which plans to further de-risk the process scale-up. Assuming the success of a demonstration plant, the next step is to create a commercial plant, which will cost an estimated $15-20 million. At this time, the company will explore licensing and joint development partnerships to further expand. In October 2021, American Manganese closed a $20 million financing with institutional investors to go towards its road to commercialization.
American Manganese’s Company Highlights
- American Manganese Inc. is an innovative technology and mining company focused on a patented technology that upcycles lithium-ion batteries and scrap material
- The company was previously focused on mining, and still holds claims to three properties.
- American Manganese owns patents for their upcycling process in the United States, Japan and Korea. The long-term plans for the company include leveraging its intellectual property via licensing with strategic partners.
- The patented RecycLiCo process can extract over 99% of the lithium, nickel, manganese, and cobalt found in lithium-ion battery black mass.
- American Manganese is currently scaling up its process into a demonstration plant, with plans to create a commercial plant
The RecycLiCo™ Patented Process: Innovative Lithium-ion Battery Recycling
Disrupting the Pure Skill Gaming Space Across Emerging Markets Worldwide
Market research projects the global games market to generate over US$175.8 billion in 2021 and surpass US$ 200 billion in 2023. With so many options for online gaming, wide droves of gamers are turning to games with more substance, strategy and skill needed to win.
Skill-based games are online games that base heavily on the player’s skill to determine their chances of victory. For the growing audience of experienced gamers, pure skill games provide an opportunity for a unique gameplay that is unlike anything on the market.
Royal Wins Pty Ltd. (CSE:SKLL) is the world’s first licensed real-money pure skill gaming platform. The company operates an innovative digital games studio pioneering skill game wagering and betting on mobile casual games. Its flagship skill gaming app, Kash Karnival, offers players in 147 countries the chance to win real money.
Established in 2014, Royal Wins designs, develops and operates real-money wagering skill games to disrupt the online gaming space. The company delivers exciting gameplay to its users and chances to win life-changing jackpots and prizes on their skill with new game releases quarterly. The company’s primary innovation and intellectual property centers around solving big data problems around skill gaming difficulty and mechanics, balanced cash jackpots algorithms and maintenance of Return-to-Player (RTP) percentages.
Royal Wins has released an exceptional suite of pure skill mobile games on Android and iOS mobile and tablet platforms via their skill gaming app, Kash Karnival. The company continues to innovate the online and mobile wagering and gaming industry by developing new products to be consumed by the ever-evolving base of gamers. It stands as the emerging leader in pure skill real-money gaming and is the recipient of the world’s first gaming license for games of skill.
The company’s key drivers involve utilizing the rapid rise of social and mobile gaming amongst millennials and the uptick of wagering on skill games across mobile, PC & console platforms. As Royal Wins’ adds more games to its flagship app Kash Karnival, players will have more choice & control over how their wins, gameplay, and player-to-player gaming experience.
The next steps for the company include growing its user base across APAC & EMEA. This expansive move would expose gamers to Royal Wins platforms of hyper-casual games and grow the company’s over 1.6 million gamers licensed for cash prize pools, wagers and non-cash rewards. It expects to launch its Player vs. Player (PvP) iteration, Kash Royale, this calendar year to cater for competitive players who prefer playing head-to-head. Royal Wins also seeks to add additional games to its non-cash prize product, Arcade Corner, given the success of Betty’s Bakery that was launched on May 26th, 2021.
As a leader of pure-skill gaming, the company has an early-mover advantage in emerging economies where traditional gambling establishments are scarce but wagering appetite is high. Although Royal Wins enjoys substantial reach in active Asian markets, its strategic positioning in Canada allows it to operate expansive opportunities across Europe & the Americas.
Royal Wins is backed and supported by gaming industry leaders and top-tier developers. The company’s management team comprises a robust group of professionals in gaming, tech and start-up development. Together, they prime Royal Wins for exceptional commercial growth and leading innovations in skill-based games.
Royal Wins’ Company Highlights
- Royal Wins is the world’s first licensed real-money pure skill gaming platform
- The company stands as the emerging leader in pure skill real-money gaming and is the recipient of the world’s first gaming license for games of skill.
- Royal Wins has released a suite of pure skill mobile games on Android and iOS mobile/tablet platforms via their skill gaming app, Kash Karnival.
- The company’s key drivers include the rapid increase of mobile and social gaming, which has the potential to push its over 1.6 million user base to new heights.
- Royal Wins is led by a team of industry stars in game development and internet gaming. Collaboration with a proven management team poses exceptional economic and user growth potential for the company.
- The company signed a Memorandum of Understanding to acquire Antics Gaming LLC, a Las Vegas, Nevada based developer of skill-based games for Android and iOS platforms.
Royal Wins’ Key Project
Kash Karnival is an immersive real-money skill gaming hub targeting millennial markets. Royal Wins’ innovative gaming platform has been built by top-tier developers and offers unique gameplay that utilizes player skills to win. The flagship app is available in 147 countries and utilizes drop-on wagers, in-app purchases and advertising to maximize revenue.
Kash Karnival provides a fun, thematic place where players can bet and win real money and item prizes playing a variety of casual games such as match-three, puzzles, arcade, and action games.
Royal Wins’ Management Team
Peter Gan — CEO
Peter Gan is a proven senior executive with experience in various CEO and managing director roles. Gan has over 15 years in publicly listed companies and had an early career in Accenture and IBM Implementation. He also has expertise in blockchain and digital assets.
Robert Fong — Co-Founder & COO
Robert Fong has over 13 years of experience in gaming and tech startups. He has two successful multi-million dollar exits and multinational experience across a portfolio of leading & growing lean, agile startups to commercialization.
Lukie Ali — Co-Founder & CTO
Lukie Ali has extensive expertise in advanced tech systems, artificial intelligence, server & security development web, mobile and social media tech. Ali also has high fidelity game engine experience.
Alex Igelman — MD, eSports Capital
Alex Igelman is one of Canada’s leading legal experts on internet gaming with over 20 years of experience as a game lawyer and consultant, Igelman is also the founder of Gaming Research Partners.
Jean-Claude Petter — Co-Founder & Advisor
Jean-Claude Petter is the former CEO of Ferrier Lullin Bank (Julius Baer). He has vast experience in funding and managing high-growth. startups, reverse take-overs, M&A and IPO and a strong network of HNWI.
Becky Harris — Advisor
Becky Harris is a thought leader in the gaming and wagering sector. She is a Distinguished Fellow in Gaming and Leadership at the International Gaming Institute of the University of Nevada, Las Vegas and Adjunct Professor of Law at the Boyd School of Law, UNLV.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Royal Wins Pty Ltd.. and seek advice from a qualified investment advisor.
An ESG Investment Opportunity, Single-Use Asphalt Shingles Recovery Solution
Asphalt shingles are the most popular roofing material in North America. This represents the 4th largest category of construction waste. It is estimated that over 13 million tons of asphalt roofing shingles are disposed of each year, contributing to already over-crowded landfills. As costs for waste disposal and landfills pile up, companies are increasingly looking for methods to offset their carbon footprint. Luckily, they say one man’s trash is another man’s treasure.
Based on industry research, the North American market for asphalt shingle recovery and repurposing is expected to be over $2 billion. With the world shifting to more environmentally friendly solutions for waste reduction and recycling, investors could see significant upside by investing in emerging companies like Northstar where limited processing solutions exist for processing single-use asphalt shingles. Northstar aims to drive sustainable asphalt recovery to new innovative heights in the rapidly growing cleantech space.
Northstar Clean Technologies (TSXV:ROOF, TSXV:ROOF.WT) is a Vancouver-based clean technology company focused on the recovery and repurposing of single-use asphalt shingles. The Company has a fully constructed Empower Facility in Delta, British Columbia and a proprietary design process, which enables it for advancing expansion opportunities in the near future.
Northstar is strongly positioned to potentially become a major innovative player in this particular niche of the clean technology space, having a binding off-take agreement for 100 percent of oil production with a strategic multi-national construction corporation. Northstar also has significant leverage with a first-mover advantage, as the first public company to repurpose asphalt shingles. Northstar’s mission is to become the leading asphalt shingle material recovery provider in North America, extracting 99 percent of the recovered components from single-use asphalt shingles that would otherwise be sent to a landfill.
Most importantly is the recovery of the liquid asphalt, which has seen its price soar to $820 per tonne in recent months, up from a low of $617 per tonne in late 2020. Pricing for liquid asphalt can be found here: http://www.onasphalt.org/mtopriceindex/index.html
At the Empower Facility, Northstar operates a proprietary design process and recovery capability for single-use asphalt shingles that would otherwise be sent to a landfill. Northstar’s major input and output revenue streams from tipping fees and three processed output products (liquid asphalt, fiber and aggregate), respectively, demonstrate the potential of Northstar’s unique business model.
2021 will be an exceptionally exciting year for Northstar Clean Technologies as it completes the final stages of ramping up into commercial production at the Empower Facility. In the first half of 2021, the Company already completed a $12.24 million financing and in July 2021, the Company completed its listing onto the TSX Venture Exchange. Northstar offers investors a near-term revenue opportunity with the expected production commencement of its fully constructed Empower Facility in Delta, BC in 2021.
With near-term revenue, a cashed up balance sheet with no debt and low expected capex on its first expansion facility, Northstar has a strong financial position, enabling the company to capitalize on expansion opportunities in both Canada and the United States in 2022 and beyond.
Northstar’s leadership team has a combined 280 years of experience across a strong team of industry professionals. Their operational and capital markets expertise primes the company for impressive economic growth and investment upside in a world rapidly shifting to clean technological solutions.
Northstar’s Company Highlights
- Northstar Clean Technologies is an emerging clean technology company focused on providing single-use asphalt shingle material recovery solutions across North America. The company leverages strategic positioning in the green-friendly jurisdiction of Metro Vancouver, British Columbia.
- Northstar aims to become the leading asphalt shingle material recovery provider in North America.
- The company’s business model includes a two-tier, input and output revenue stream that combines input revenue from tipping fees and output revenue from the sale of its three recovered components.
- The company offers the perfect storm of market size and advanced positioning with an established off-take agreement with a major multi-national construction corporation.
- Northstar Clean Technologies expects to commence commercial production of its fully constructed Empower Facility in 2021. Success from this operation could fast-track development of its first expansion facility.
- The company is led by industry professionals with proven track records of success and over 280 years of combined operational and capital markets experience.
Northstar’s Proprietary Solution
With the company’s proprietary Bitumen Extraction and Separation Technology (BEST), Northstar Clean Technologies aims to keep asphalt shingles from becoming waste materials in landfills and repurposing discarded shingles to manufacture new marketable products.
Northstar Clean Technologies operates its Empower Facility located in Delta, BC. Strategically located near Highway 17 and Highway 99, Empower is easily accessible for roofing and waste hauling companies throughout Metro Vancouver.
Northstar has a significant existing stockpile of asphalt shingle material ready for processing and the equipment and infrastructure needed to commence operations on site. The facility is well-equipped for its commercial production.
Northstar Clean Technologies’ Management Team
James Currie – Executive Chairman
James Currie has over 40 years of experience as a registered professional engineer with senior management, engineering and operations experience. He was the former COO of TSX and NYSE-listed Equinox Gold, Pretium Resources and New Gold. Mr. Currie holds a B.Sc. Degree from Queen’s University in Mining Engineering. He was also the 2014 co-winner of AME BC’s prestigious EA Scholtz Award for Excellence in Mine Development at the New Afton mine.
Aidan Mills – CEO
Mr. Mills is a highly experienced executive with over 30 years of global experience. He spent 19 years with British Petroleum (BP) PLC, which included roles from his start as a graduate control engineer through project and maintenance engineering, corporate strategy, United Kingdom commercial gas and power development, and North American origination, to a role as a senior vice-president in Calgary with accountability for trading, asset and customer development and management. Mr. Mills then spent five years as vice-president, commodity marketing and supply, with Husky Energy in Calgary and two years as managing director with Goldman Sachs. Following a role as vice-president, downstream, for MEG, Mr. Mills was most recently chief commercial officer at the Friesen Group of Companies, a privately owned Calgary business. Mr. Mills is a chartered engineer (CEng) (United Kingdom), and he holds a bachelor of engineering in electrical and electronics engineering from Edinburgh University and a master of business administration with distinction from the Edinburgh Business School.
Neil Currie – Director
Mr. Currie has 15 years of experience. He is the CIO, Managing Partner and Co-Founder of Capital Event Management (CEM) and CEM Capital ($10m+ in AUM). Incepted in 2010, CEM has organized 65 investment conferences to date that have been linked to over $1 billion in transactions. Mr. Currie orchestrated five go-public listings on the TSXV raising more than $60 million.
Gord Johnson – President & Director
Gord Johnson has over 25 years of experience in building, growing & managing companies. He served with Northstar since its inception in 2015. Mr. Johnson was also the former CEO of Save Energy Walls, Lodgeview Entertainment and Intrepid Security.
Gregg Sedun – Director
Gregg Sedun has nearly 40 years of experience. Former Partner at the Vancouver law firm Rand Edgar Sedun and specialized in the practice of corporate finance and securities law. Current President & CEO of Global Vision Capital Corp. Founding Director of Diamond Fields Resources (sold to Inco for $4.3 billion), Adastra Minerals (sold to First Quantum Minerals for $275 million) and founding shareholder of Peru Copper (sold to Chinalco for $875 million).
James Borkowski – Director
James Borkowski has 25 years of experience, serving in executive roles for several private and public companies, and has specialized in operations, product development and strategic communications for clients including 7-Eleven, Caesar’s Palace, Fairmont Hotels and Target. Former CEO of Stonepoint.
Terry Charles – COO
Terry Charles has over 30 years of experience as a manager of several companies in the transportation industry. He has served with Northstar since its inception in 2015 and was the former president of Gemaco.
Sead Hamzagic- CFO
Sead Hamzagic has over 34 years of experience in public practice accounting. He is an experienced CFO and director of several public and private companies. Mr. Hamzagic was appointed as CFO of Northstar in 2018 and is a CPA and CGA qualified accountant.
Jim Bird – Technical Advisor
Jim Bird is a professional engineer with over 35 years of experience in the construction industry in Western Canada and internationally. He has held various positions such as CEO, executive VP, VP and director with several major corporations. Mr. Bird has experience in all aspects of management with expertise in product development, performance management and asphalt manufacturing.
Carson Sedun – Director of Capital Markets
Carson Sedun has ten years of industry and capital markets experience. He is the principal of Annapurna Advisors and a former investment banking associate with Canaccord Genuity and Dundee Capital Markets. Mr. Sedun holds an MBA from the Schulich School of Business, a B.Com from McGill University and a Graduate Certificate in Mining Engineering from UBC.
Avricore Health: Empowering Patients with Rapid Testing in Community Pharmacies
In 2020, the global point-of-care testing (POCT) market was valued at US 34.49 Billion and expected to expand at an annual growth rate (CAGR) of 9.4 percent to reach a projected US 81.37 Billion by 2028. The upsurge will be driven largely by increased demand for screening and managing chronic diseases as well as rapidly assessing infectious diseases such as COVID-19.
The accessibility of POCT has been an increasing priority of the world’s leading health organizations and experts. Pharmacies are ideal ‘hubs’ within the community to offer patients better access to the numbers they need to know for preventing or treating conditions such as diabetes and heart disease or the timely diagnosis of infection.
Avricore Health Inc. (TSXV:AVCR) is a pharmacy service innovator focused on acquiring and developing early-stage technologies aimed at moving pharmacy forward. Through its flagship offering HealthTab™ (a wholly owned subsidiary), its mission is to make actionable health information more accessible to everyone by creating the world’s largest network of rapid testing devices in community pharmacies.
HealthTab™ is a turnkey point-of-care testing solution that effectively turns pharmacies
into diagnostic hubs (sometimes known as ‘Community Diagnostic Centres’ or CDCs) and connects them on a single, cloud-based platform.
The HealthTab™ network model is unlike anything in pharmacy today. It gives knowledgeable and trusted pharmacists a greater role in primary care delivery, while empowering patients to take more control of their health. It also reduces costs and waiting times and provides many potential revenue streams including: equipment leasing & consumables, direct access testing, disease prevention & management programs, sponsored health programs, decentralized clinical trials, real world data (RWD) sets, and third party app integration through API.In June 2021, Avricore signed a Master Agreement with select Shoppers Drug Mart pharmacies to pilot the HealthTab™ platform. This agreement allows patients access to point-of-care blood screening and health-data management for potential risks for developing diabetes and cardiovascular conditions through the HealthTab™-integrated Afinion 2™ analyzers by Abbott Rapid Diagnostics.
Avricore is the first pharmacy solutions provider to partner with Abbott (NYSE:ABT), the global healthcare company and diagnostics leader in Canada. In May 2021, it signed a supplier distribution agreement to expand the distribution of Abbott’s Afinion 2™ and associated tests for diabetes and heart disease screening in community pharmacies in Canada. This agreement includes valuable HbA1c testing, a critical marker for the screening and management of diabetes.
Near term goals for the company include expansion into more pharmacies across Canada, followed soon after by entering the US and UK markets. It has made significant strides in testing and developing its technology and is moving into the commercialization stage.
Strategic partnerships like Abbott and pharmacy-focused pilot opportunities advance Avricore closer to becoming an incredibly dominant player in the community diagnostics space. The company aims to make actionable health information more accessible for everyone by creating the world’s largest rapid testing network in pharmacy.
Avricore Health’s Company Highlights
- Avricore Health Inc is a pharmacy solutions provider that combines best-in-class point-of-care technologies with a secure, cloud-based platform for tackling pressing global health issues
- The wholly owned subsidiary, HealthTab™, offers fast, accurate and cost effective point-of-care screening. With just a few drops of blood from a finger prick, results are available on the spot and data is available in real time
- The current test menu includes up to 23 key biomarkers for screening and managing chronic diseases, such as diabetes and heart disease (e.g. HbA1c, Lipid Profile, eGFR). HealthTab™ has also recently added capabilities for bacterial and viral tests, such as strep and COVID-19
- The company leverages strategic partnerships with notable names in the diagnostic space, including Abbott Rapid Diagnostics, a global healthcare company and leader in diagnostics. This partnership allows Avricore to use Abbott’s Afinion 2™ analyzer to offer high quality, low-cost screening tests
- In June 2021, Avricore announced its Master Agreement to pilot its HealthTab ™ platform for diabetes management in select Shoppers Drug Mart pharmacies
- Avricore’s ultimate aim is to make actionable health information more accessible to everyone by creating the world’s largest network of rapid testing devices in community pharmacy
- The company expanded patient testing with the HealthTab™ platform in select Shoppers Drug Mart® pharmacies in British Columbia, bringing its diabetes screening program to Western Canada for the first time.
Avricore Health’s Management Team
Avricore’s leadership team brings a diverse portfolio of expertise across healthcare and biotech industries as well as technology, finance and communications. Together, they share a common vision for moving pharmacy forward and have positioned the company for significant future growth and expansion.
Hector Bremner – CEO
Hector Bremner has over fifteen years of senior and executive experience across various industries, including international trade, natural gas, marketing and communications. He has owned and operated TOUCH Marketing, a boutique marketing and communication firm based in Vancouver, from 2007 to 2013.
Bremner has also served as the executive assistant to the Deputy Premier and Minister of Natural Gas Development, Responsible for Housing, as well as the Minister of International Trade and Minister of Small Business. In 2015, he joined Vancouver’s Pace Group Communications as VP of Public Affairs.
David Hall – Chairman and Director
David Hall’s leadership spans five different companies. Aside from acting as Chairman and Director at Avricore, he is also currently the Chairman of RepliCel Life Sciences, a member of the board of TrichoScience Innovations, AdvantageBC and Providence Health Care Research Institute.
Hall also served as Chairman of Perceptronix Medical, Inc., Chief Financial Officer, Secretary & Treasurer of Angiotech Pharmaceuticals, Inc., President & Director at Newcastle Resources Ltd. and Chairman for LifeSciences British Columbia.
Kiki Smith – CFO
Kiki Smith has over 20 years of experience assisting private and public companies in the roles of accountant, corporate controller and CFO in mining, oil & gas, real estate, high technology, food production and investment fund management. She currently provides consulting services in M&A, financial reporting and regulatory compliance to several public and private companies across several investment sectors.
Smith is also a member of the Chartered Professional Accountants of British Columbia. She has a Bachelor’s degree in Economics from the University of British Columbia.
Rodger Seccombe – Head of HealthTab™ Division
Rodger Seccombe is the co-founder and former CEO of HealthTab™ Inc. He has over 20 years of experience launching and running companies in software, healthcare technology and clean energy. Seccombe is a recognized industry expert in direct-to-consumer and point-of-care testing technology.
In 2006, he joined the start-up team at Canadian Bioenergy Corporation and helped pioneer the development of the renewable fuel industry in Canada. Before HealthTab™, he designed and developed cloud-based informatics systems currently in use by some of the world’s leading medical laboratories and instrument manufacturers.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Avricore Health Inc. and seek advice from a qualified investment advisor.
Disrupting Casino Gaming With Innovative Electronic Table Games
As fast as the global gambling market has grown in recent years, that exponential growth appears to be only the beginning. According to Research and Markets, the industry is expected to grow from US$465.76 billion in 2020 to $516.03 billion in 2021, representing a CAGR of 10.8 percent. That same report suggested that the sector could reach US$674.7 billion by 2025, with a CAGR of 7 percent, and its becoming clear that an ever-growing segment of that business will be on digital casino tables.
In North America, the trend toward electronic table games (ETGs) is starting to make waves and in Asia, demand for electronic table games (ETGs) is starting to outpace traditional live tables.
While casinos have largely kept pace with technological innovation in their slot machine businesses, large sections of casino floors are ripe for innovation and poised to go digital.
Unlike slot machines, which revolutionized casinos in the mid-20th century, multiplayer games on “green felt tables”, such as Poker, Blackjack, Baccarat and many others, haven’t been updated to reflect the clear benefits of digitization (more on this below). The trick with any new technology is to preserve the traditional social enjoyment of casino gaming. Until now, the ‘feel’ and enjoyment of traditional card games on digital tables haven’t been widely available. But with the introduction of new products by industry disruptor, Jackpot Digital Inc., the traditional card game ‘feel’ has not only been replicated, but it has also been enhanced.
Jackpot Digital Inc. (TSXV:JJ,OTCQB:JPOTF) is a unique gaming company that manufactures digital touch screen ETGs that replicate and enhance the experience of multiplayer casino games such as poker, blackjack baccarat and many others. Jackpot Digital has deep roots in the gaming business and has evolved with the changing landscape throughout Canada and the USA for over two decades.
Since the launch of its flagship product, the revolutionary Jackpot Blitz™ digital poker table, in 2017, the company has emerged as a positive disruptor in digital multi-player casino games. The company began the launch of its technology by establishing a dominant position at sea, working with recognizable cruise ship brands like Carnival Corp. (NYSE:CCL), Virgin Voyages and coming soon to Royal Caribbean (NYSE:RCL). Now that post-pandemic reopening is underway at casinos around the world, the company is working to establish that same at-sea dominance into land-based, regulated casinos in North America, as well as the massive Asian ETG market.
Jackpot Blitz™ is essentially a digital ‘smart table’ which brings the social benefits of multiplayer casino games into the digital era. The 84-inch, 4k touchscreen creates a stunning player experience while controlling costs and maximizing operator efficiency and flexibility. It also provides casinos with a unique opportunity to reduce their overhead costs by eliminating the need for staff or dealers to manage individual tables.
Jackpot Blitz™ solves common issues plaguing the gaming and casino industry, such as rising salaries, employee training difficulties, limited revenues and profits due to slower gameplay, theft and operational challenges like COVID-19 shutdowns.
But more importantly, the product creates a beautiful and fun player experience. With vivid color, 4k animation, realistic Texas Hold’Em ‘card-bending’, convincing chip, cash and card sound-effects, and unique side-bet options such as “Bet The Flop”, Jackpot has succeeded in making its digital tables much more captivating than its “green felt” predecessors.
Given the quality of the playing experience, Jackpot Blitz™ is clearly the natural evolution of multiplayer casino gaming. With dealer-less tables, players can take part in larger poker games, play blackjack, and a variety of other games. The technology creates the genuine interactive experience that table games are known for and coming developments include the ability to order food, drinks or even show tickets right from the table.
For casinos, Jackpot Blitz™ reduces ordinary gaming expenses like cards and chips, but also increases table revenues because dealer-less tables deliver more hands-per-hour in an error free manner. Simply put: Jackpot Blitz™ is digital live gaming without the dealer.
Management’s passion for casino gaming shines through in the product’s appealing design. Reception and acceptance by industry peers have been excellent and, shortly after its introduction, Jackpot Blitz™ was nominated for the 2017 Global Gaming Awards in the Land-Based Gaming Innovation.
But the key to scaling new gaming products worldwide lies in licensing and certification, which enables expansion into regulated land-based markets, where 99% of the business exists today. The good news is, the company has completed GLI certification, positioning it for a major expansion into land-based casinos, now that casinos are opening up around the world.
“You need GLI certification to operate a gaming machine on a regulated casino floor. That means having the backend technology approved by regulators before you can operate in land-based casinos. Earning the necessary certifications is challenging and expensive, meaning barriers for new market entrants is high. Jackpot has already completed this groundwork, meaning we’ve mitigated that element of risk for investors” said Mathieu McDonald, head of Investor Relations for Jackpot Digital in an interview with INN.
Jackpot Digital had only just begun land-based installations prior to the COVID-19 pandemic, at which time the industry had to hit the ‘pause’ button. In terms of land-based business, the company has its digital tables installed in regions of Canada, the USA, France and the US Virgin Islands, with an eye toward expansion into the large Asian market.
The recently announced return of the cruise ship business signals a significant upswing in revenue for Jackpot in the second half of 2021. This resurgent revenue, combined with huge potential for new installations into land-based casinos means the company’s growth trajectory is steepening as casinos re-open worldwide.
Interestingly, the company faces little-to-no competition from start-ups and new entrants who must clear substantial regulatory hurdles already achieved by Jackpot. Meantime, there is no competition from the largest gaming-tech companies due to the uniqueness of this niche, yet sizable, market. This competitive ‘moat’ around the business puts Jackpot in a rather ‘goldilocks’ position with respect to competition and the sheer scale of the opportunity. For example, there are over 6,500 live poker tables in the US and Canada alone, to say nothing of the poker, blackjack, baccarat and countless other multiplayer table games worldwide, an immense opportunity for this casino gaming disruptor.
In addition to its bricks-and-mortar casino business, Jackpot Digital is now leveraging its software expertise and casino relationships to enter the rapidly growing iGaming space. The company recently announced the spin-out of its iGaming assets into a new public company, which will give investors who own shares of Jackpot on or before Jul 21, 2021, direct exposure to the rapidly growing iGaming market.
The company says the decision to spin-out its iGaming assets will increase shareholder value by separating its two distinct businesses. This clear division will allow Jackpot Digital to focus on growing its ETG footprint in land-based casinos, while the new Spinco (yet to be named) will focus exclusively upon online gaming. iGaming demonstrates its own explosive growth potential, given the wave of online-betting legalization ongoing in Canada, the US and around the world.
Jackpot Digital’s Company Highlights
- Jackpot Digital is a global leader in the manufacturing, installation, and operation of electronic gaming tables.
- Jackpot Digital is an early mover in the electronic gaming industry, seeing significant electronic gaming growth potential. Europe and Asia present untapped markets in the iGaming industry.
- Jackpot Digital’s electronic gaming tables are found on land and sea, featuring prominently in gaming areas on cruise ships, such as Carnival Cruise Lines, Princess, Virgin Voyages, and Costa Cruise, with plans to add machines to Royal Caribbean ships soon.
- The company’s flagship Jackpot Blitz™ product merges the best of traditional gaming experiences through interactive, feature-rich, digital tables that increase poker revenues while decreasing costs for casinos.
- Jackpot Blitz™ provides consistent, recurring revenue for the company through attractive licensing and royalty deals.
- Jackpot Digital is aggressively expanding into onshore casinos, with multiple installations in land-based casinos already occurring.
- The company has obtained the necessary GLI certifications to develop and operate ETGs in various global jurisdictions.
- The company recently announced a spin-out of its iGaming assets. Shareholders will receive one share of Spinco for every five shares of Jackpot Digital common stock they own, with a record date of July 21, 2021
- Jackpot Digital’s ETGs are safe and easy to sanitize as they eliminate the exchange of chips, cards, and cash.
Jackpot Digital’s Revolutionary Flagship Product
Jackpot Digital’s Jackpot Blitz™ is an 84-inch, 4K touch screen digital “smart table” that offers all the same social benefits of the traditional casino experience. Jackpot Blitz’s state-of-the-art interface and the electronic gaming system provide players with access to popular casino games, including automated poker (Texas Hold’em), Omaha cash tournaments, blackjack, and other popular casino card games.
Jackpot Blitz™ tables are installed on Carnival cruise ships, as well as Princess, Virgin Voyages, Costa Cruise Lines and Holland America. Jackpot Blitz™ can also be found on land, in casinos in Canada, Paraguay and France. Jackpot Digital is expanding the presence of Jackpot Blitz™, with contracted orders for additional tables in land and sea-based casinos in France, the Caribbean and the USA, with future expansion plans, particularly in Asia.
While live casino gaming decreased during the pandemic, digital gaming products became more compelling for casinos due to ease of sanitation and no interchange of chips, cards or cash. Jackpot Digital notes that it has already found success with electronic gaming tables in North America and wants to repeat its success in Asia.
Casino guests are turning to electronic gaming interfaces in droves in Asia, where the market for ETGs is huge. Electronic table games are also easier to play and maintain. The company’s digital gaming solutions provide all of the benefits of live, socially interactive play, with the cost and maintenance advantages of digital, making it an excellent investment opportunity and a true leveraged play on the global post-pandemic rebound.
Jackpot Digital is actively pursuing opportunities in online-gaming or ‘iGaming’. The company recently announced its intention to spin-out a new public company to better leverage and monetize the company’s online gaming assets and casino relationships.
Shareholders will receive one Spinco share for every five common Jackpot Digital shares they own. Shareholders of record on or before July 21, 2021 will receive shares of the new iGaming company.
“We are very excited to enter into the regulated Gaming/online casino and sportsbook markets in North America. As a result of our Jackpot Blitz™ product, we have existing and unique industry relationships and, coupled with targeted niche markets and our innovative products, we have every expectation to become a fun-filled industry leading iGaming brand,” said Jackpot Digital President and CEO Jake Kalpakian.
Jackpot Digital’s Management Team
Jacob H. Kalpakian — President & CEO
Jacob H. Kalpakian has managed small-cap publicly listed companies for almost three decades. Kalpakian joined Jackpot Digital Inc. (formerly listed as “Las Vegas From Home.com Entertainment Inc.”) in 1999, serving as Jackpot’s President and CEO.
Neil Spellman — CFO
Neil Spellman joined Jackpot Digital in 2002 as a Director. He has also served D.B. Financial Management as a Senior Vice President since 2002. With almost two decades of experience on Wall Street as a First Vice President of Smith Barney, Spellman comes highly qualified. Spellman has a B.S. degree in Finance from San Diego State University, graduating cum laude.
Kalpakian, Spellman, Alan Artunian, and Gregory T. McFarlane all serve as the current Directors of Jackpot Digital.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Jackpot Digital and seek advice from a qualified investment advisor.
Exposure to Altcoin and other DeFi Opportunities
While Bitcoin and Etherium have long been the major names in the cryptocurrency space, competitors are emerging every day. These new coins, “altcoins", are creating value by capitalizing on alternative coins after Tesla announced it will suspend Bitcoin payments over environmental concerns. Although Bitcoin's price is still up by almost 12 percent in the market as of June 2021, altcoins are showing an increase of over 10 percent after investors started diversifying into a total of $27 million in inflows.
While investors may be eager to enter into the altcoin space, one thing that may hold them back is the sheer number of altcoins in existence. In fact, the total number of altcoins in existence sits at somewhere around 7,800, according to data from CoinGecko. With such a large number of coins, it would be extremely difficult for individuals to evaluate each one to determine their value. Factors such as their use case, circulating supply, and the team behind the project can all have an impact on future value.
Graph Blockchain (CSE:GBLC) is a Canadian company that operates in the Decentralized Finance (DeFi) space providing investors with the opportunity to gain exposure to the altcoins market. The company is also refocusing blockchain solutions from private blockchains to public blockchains opening significant interest and opportunities in various segments like insurance solutions, lending and borrowing, exchanges (crypto and synthetic assets) and the derivatives markets.
Graph Blockchain is in a unique position as the first mover in public markets building a diversified crypto enterprise. The Company has deployed C$2 million as staking capital. $1,000,000 has been deployed into the Polkadot (“DOT Token") and $500,000 into the Cardano (“ADA Token") on April 5, 2021 The remaining C$500,000 was deployed into its third cryptocurrency Chainlink's token (“LINK Token") which is the company's best performing investment increasing over 45 percent since the time it was acquired. The company's fourth coin XTZ earned an investment increase of over 17 percent on the first day. While ADA is up over 30 percent.
CEO Paul Haber stated in an interview with INN, “some of these altcoins we are looking at are very hard for people to acquire. I think we've got a much broader reach than most retail investors. We have an experienced team that's looking at over 6,000 altcoins. As a retail investor, you can allow us to sift through all that stuff, do the analysis, do the research, kind of like getting that research report from your brokerage firm and participate alongside us."
The company is well-capitalized, with a C$10 million dollar round of financing led by HC Wainwright & Co. in April of 2021. The raise not only provides the company with capital to deploy into the purchasing of altcoins, but also acts as a signal of confidence. HC Wainwright & Co. is one of the leading investment banks in the cryptocurrency and Bitcoin space. The move is also significant as it represents the first investment into a crypto company by HC Wainwright & Co outside of the United States.
The company's recent acquisition of Babbage mining is another important step that has allowed Graph Blockchain to provide investors with the only public exposure to altcoins on the market. Outside of altcoins, the company is also actively looking forward and exploring new areas within the DeFi sector. The blockchain technology behind Bitcoin and other coins has proven to have significant value behind cryptocurrencies.
Through a series of acquisitions, the company has positioned itself to not only take advantage of the current DeFi environment, but also plan for the future. An example of this forward-thinking approach is the recent acquisition of New World, a company that is focused on non-fungible tokens (NFTs), which have exploded in popularity as of late.
Graph Blockchain's Company Highlights:
- Graph Blockchain is a Canadian company that focuses on investing in altcoins that have future growth potential.
- Graph Blockchain allows investors to gain exposure to coins that may not be easily accessible for retail investors.
- The acquisition of Babbage mining has allowed Graph Blockchain to provide investors with the only public exposure to altcoins on the market today.
- The company is well-capitalized, with C$10 million in funding coming from leading investment bank HC Wainwright & Co. in April of 2021.
- Aside from altcoins, the company also actively looks for opportunities to take advantage of other opportunities in the Decentralized Finance (DeFi) space.
- Recently, the company acquired New World, an augmented reality non-fungible token (NFT) company that is well-positioned to take advantage of the newfound popularity of NFTs.
- The company completed its acquisition of Optimum Coin Analyser Inc, AI-based Crypto Coin Analytics tool company. Optimum is a cloud-based discovery search engine subscription model which creates a recurring revenue platform for Graph.
Graph Blockchain's Key Acquisitions:
In June of 2021, Graph Blockchain announced the signing of a letter of intent to acquire New World Inc, an augmented reality art-focused non-fungible token (NFT) company that allows creators, musicians, and celebrities to have access to an NFT distribution canvas to create and sell digital art.
The NFT market has exploded in popularity, with sales of NFTs in the first quarter of 2021 estimated to be around US$2 billion. The sale of NFTs is completed on the blockchain, allowing creators, musicians, and celebrities to distribute unique digital art.
New World has built this platform and has already signed such notable artists as Diogo Snow, who has produced numerous pieces for celebrity clients including Drake, and Fetty Wap, an American rapper, singer and songwriter, who has over 6.5 million Instagram Followers, as well as many others.
Beyond the Moon
In May of 2021, Graph Blockchain announced that they had entered into a letter of intent to acquire Beyond the Moon Inc., a Crypto Launchpads service provider. Launchpads, which are crypto projects designed to promote and introduce upcoming projects to the crypto market,
are one of the most exciting opportunities in the crypto space today. By helping early stage cryptocurrencies Beyond the Moon gains access to the first public investment round, called an Initial DEX Offering (IDO). Early access to crypto projects is difficult to access but provides the highest potential return on investment in the space.
Graph Blockchain's Management Team
Paul Haber — Chief Executive Officer
Paul Haber has been involved in corporate finance and capital markets for over 25 years as an banker, investor and entrepreneur. He has served as the CFO and Audit Committee Chair of many public and private companies. Haber started his career with Coopers& Lybrand, now PwC LLP. He is both a Chartered Accountant and a Certified Public Accountant, with an Honours Bachelors of Arts Degree in Management from the University of Toronto. Haber was awarded his Chartered Director designation from the DeGroote School of Business in partnership with the Conference Board of Canada.
Andrew Ryu — Chairman
Andrew Ryu is a seasoned and experienced entrepreneur and operator in public and private companies with over 20 years of experience. As a graduate of McMaster University and University of Toronto, he became the founder and CEO of TLA Inc., president of business development of Archer Education Group and founder and former CEO of Loyalist Group Limited (TSXV:LOY), which was nominated as the top TSXV company in 2013, ranked fourth in 2014 and was the top pick of the street in 2014. He was nominated as EY Entrepreneur of the Year in 2014. He served as interim CEO and Chairman of Graph Blockchain Inc. (CSE: GBLC). As a founder of the Company, he served as CEO from 2016 until recent.
Don Shim — Chief Financial Officer
Don Shim has led a successful accounting and finance career in both the US and Canada. He brings a wealth of knowledge to the team with his expertise in auditing publicly traded junior mining companies and high tech industries. Shim is a member of theChartered Professional Accountants of British Columbia and a Certified Public Accountant registered in the State of Illinois, United States. In addition, Shim is an audit partner on numerous audit engagements for various publicly traded companies, primarily focusing on junior mining, oil and gas, pharmaceutical, and high tech industries. Shim also assisted various start up companies in achieving public listings on the TSX Venture Exchange, Canadian Securities Exchange and the OTC Market. In addition, Shim teaches accounting at a local college in Vancouver and acts as a facilitator at CPA Western School of Business, mentoring CPA candidates enrolled in the CPA Professional Education Program.
Michael Yeung — President of Optimum Coin Analyser Inc.
Mr. Yeung has over 17 years of experience in capital markets, private equity, and investment banking, holding various roles from equity research, sales, and banking. He was the COO of CannaIncome Fund and formerly the Director of Investments for Second City Capital Partners. Over his career, Michael has been involved in multiple sectors including financial, oil and gas, fintech, green technology, real estate, and health care. He was previously Managing Director Investment Banking with Casimir Capital, and an energy analyst with both CIBC World Markets and Clarus Securities. Michael graduated from the University of Manitoba with a Bachelor of Commerce (Hons.) in Finance and Marketing.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Graph Blockchain and seek advice from a qualified investment advisor.
Transforming the Esports Community through Innovative Technology
This Alpha Esports Tech profile is part of a paid investor education campaign.*
Between 2019 and 2023, the online gaming sector is predicted to surpass US$200 billion, with a CAGR of 7.2 percent % over that period. More and more consumers are turning to digital forms of entertainment as a way to stay connected and engaged both socially and competitively with friends and online communities. Amazon’s (NASDAQ:AMZN) Twitch.tv saw 17 billion hours of content watched in 2020, up 83 percent from 2019’s 9 billion, while Valve’s popular game marketplace Steam saw its DAU’s increase to 120 million, up from 95 million in 2019.
It is clear COVID-19 has created serious tailwinds for the gaming industry, which proved to be a popular form of entertainment while the world was stuck in quarantine. According to a report by GlobalData, the Esports industry has caught the attention of a wider audience with online formats spiking interests from traditional sports organizations amid COVID-19.
Alpha Esports Tech (CSE:ALPA) is set to capitalize on this growing gaming trend through its competitive gaming platform GamerzArena that offers tournaments, head-to-head betting, skill-based contests and league play with Alpha Coin, a Bitcoin-pegged token. Through its “freemium” model and exciting new partnerships, the company is creating a tremendously vast ecosystem in the online gaming and esports world.
The GamerzArena platform provides a high-quality experience that leverages a “freemium” model that allows users to immerse themselves in the gaming world with few restrictions. The level of free value this platform provides makes it an easy upsell for the platform’s premium subscription model, GamerzArena+. Users gain access to Alpha Coin, a Bitcoin-pegged token, bigger tournaments and prizes, gameplay stats and analytics, head-to-head betting and the opportunity to be scouted to larger teams and leagues.
Alpha Esports Tech also partners with multiple universities and major sports teams, such as the New Jersey Devils NHL team. Working with the New Jersey Devils, Alpha Esports Tech hosted a two-day tournament with eight professional Esports players. This led to an average of over 1,000 views per day and a combined Twitch following of over 65,000 viewers, giving Alpha Esports Tech massive exposure to their target market and a strong relationship with a major sports team.
In May 2021, Alpha Esports tech partnered with Spartan Athletics, the athletic arm of Trinity Western University. Alpha will provide Esports services for Spartan athletes, Trinity Western University students and the community that supports the Spartan Foundation. As a starting point for this partnership, Spartan Athletics and Alpha will work together to co-market Esports events on the Company’s online platform, GamerzArena, where the Company will provide Esports expertise and event management, and Spartan Athletics will promote the events amongst their athletes and community
Additionally, the Vancouver Whitecaps Football Club chose to partner with Alpha Esports Tech because of their ability to offer an all-encompassing pathway to the esports online gaming world. This relationship has given them access to 40,000 new members from the Whitecaps youth development league, broadening market share through user acquisition for GamerzArena+ and adding sponsorship revenue from future tournaments and collaborations.
These partnerships are providing international exposure as well. One such partnership is with Irony, an India-based esports company. GamerzArena will become the exclusive partner for all of Irony’s esports events, hosting and operating multiple gaming tournaments for Irony, including an eDevelopment league where Irony will be able to scout and sign top gaming talent to their program.
A growing pocket of the gaming world is mobile gaming, which by the end of 2021 is set to be 52 percent of the entire gaming sector alone. Alpha Esports Tech has made it a top priority to capitalize on this sector by recently acquiring Paradise City Gaming. Paradise City Gaming’s budding portfolio of mobile games will further grow Alpha Esports Tech’s user base through the ability to offer skill-based contests, head-to-head betting and tournament entry fees in a new market.
With multiple years of combined experience in the online gaming and multimedia industry, the leadership team is demonstrating they are well equipped to reward shareholders and show no signs of slowing down. The ability to rapidly grow a user base, close major partnerships and connect with their target market is proof Alpha Esports Tech has the creativity and industry knowledge to execute on current and future projects. With strong projected sector growth, a market cap of just C$20.6 million and an exciting leadership team, Alpha Esports Tech has put itself in a very strong position to continue expanding.
Alpha Esports Tech’s Company Highlights
- Alpha Esports Tech is an online gaming company focused on creating a comprehensive and scalable gaming experience.
- Their platform GamerzArena works as a “Freemium” model, with added value offered for their premium subscription service GamerzArena+.
- GamerzArena+ allows users to take part in bigger tournaments, head-to-head betting, access to bitcoin pegged Alpha Coin and the exposure needed to be scouted to larger teams and leagues.
- Alpha Esports Tech offers multiple different avenues within online gaming, which has allowed them to secure a steady lineup of successful partnerships, including the Vancouver Whitecaps, New Jersey Devils and more.
- The company capitalized on the growing mobile gaming industry by acquiring Paradise City Gaming. This acquisition pairs seamlessly with Alpha Esports Tech’s current business model and will allow them to expand on their already multiple revenue streams.
- The leadership team brings diverse experience within the multimedia, online gaming and sporting world. Having a deep understanding of their target market and how to reach them combined with multiple partnerships still in their infancy, Alpha Esports Tech has only just begun to grow their user base and gain market share.
- The company expanded into the Indian esports market by signing a partnership with Oblivion Esports, an esports organization that provides a competitive platform to all gamers.
- Alpha Esports Tech also partnered with Intel India to host two major tournaments, Intel Gamer Days Valorant Pro Team Invitational and Intel Gamer Days Valorant Streamer Invitational
- Alpha also announced that its online platform, GamerzArena, is now the Official Online Gaming Portal of Nets Gaming Crew (“NetsGC”), the NBA 2K League affiliate of the Brooklyn Nets.
Alpha Esports Tech’s Portfolio
GamerzArena is a complete gaming ecosystem designed to build a strong sense of community amongst gamers. The platform aims to build a connected community through video game contests, enticing prizes, leaderboards and competitive tournaments.
The platform is currently used by more than 125,000 gamers and has been viewed by more than 5.2 million spectators across 96 countries. Barstool Sports even leveraged GamerzArena tournaments to increase its Twitch following by 15 percent, demonstrating just how popular tournaments are in the gaming community.
To date, the platform has signed strategic partnerships with the New Jersey Devils, Vancouver Whitecaps FC, Western Michigan University, University of Rochester, PeenState, and many other recognizable institutions.
Paradise City Gaming
The acquisition of Paradise City Gaming presents a unique opportunity for growth. In 2016, it was estimated that US$5.5 billion was wagered through Esport titles worldwide and 2020 projections show esports wagering will exceed $12.9 billion. This represents over 100 percent growth in only four years.
User data from Alpha Esports Tech shows 10-20 percent of GamerzArena users are placing bets ranging from US$2-10 per match monthly. With a 10 percent service fee, this equates to US$5.4 million in annual revenue, leaving plenty of room for growth.
Skillz (NYSE:SKLZ), a large player in mobile gaming, saw revenue grow 91 percent to US$162 million in 2020. This proves the online gaming market is growing incredibly fast and Alpha Esports Tech now has the infrastructure through Paradise City Gaming to start capturing market share. This project further adds to the multiple revenue streams Alpha Esports Tech has created and complements the all-inclusive ecosystem they have built.
Alpha Esports Tech’s Management Team
Matthew Schmidt – CEO & Director
Matthew Schmidt is a technology entrepreneur and film producer. He has worked within Vancouver’s film industry for over nine years, while simultaneously producing and marketing nightlife and cultural events in Vancouver, British Columbia. He opened his first entertainment venue at 26-years-old. In 2016, Schmidt produced his first feature film and has since Executive Produced over nine films, with cumulative budgets of over US$60 million.
Schmidt also co-founded Paradise City Films in 2017 and now focuses on film finances, development and “film packaging” and working closely with the industry’s leading agencies. Schmidt has advised on tech and gaming companies such as Victory Square Technologies, Immersive Tech and V2 Games. Schmidt takes both a conventional and unconventional media approach to the social competitive gaming space, focusing on the immense value of connecting people, fans and brands in an emotional and cultural way.
Eli Dusenbury – CFO
Eli Dusenbury, CPA, CA has extensive experience in public accounting, providing services to both public and private sector clients reporting in Canada and in the United States over a broad range of industries including, but not limited to, technology, agriculture, engineering, mining & exploration, manufacturing and financing.
Dusenbury obtained his Chartered Professional Accountant designation in 2011 and holds a BBA in business and accounting from Capilano University. He has served as a consultant for audit and public practice firms in both Canada and the United States and has held Chief Financial Officer positions for: Integral Technologies, Inc. (resigned June 2018), YDX Innovation Corp. (resigned May 2019), Isodiol International Inc. (resigned June 2020), Chemesis International Inc. (since September 2018) and IMC International Mining Corp. (resigned February 2020).
Brian Wilneff – COO
Brian Wilneff is the Chief Operating Officer at Alpha Esports Tech and is also currently the CEO and founder of GamerzArena. Brian came up with the idea of providing an arena for 99.9 percent of gamers all over the world to become part of the esports community and be able to monetize their gameplays.
Brian previously worked Client Service Associate at Think or Swim From February 2015 to January 2017 and as a financial planner at AXA Advisors, LLC from November 2013 to January 2015.
Jonathan Anastas – Director
Jonathan Anastas brings a wealth of experience in Esports, gaming and the public markets. He is currently the Group Chief Marketing Officer for ONE Championship and ONE Esports, and holds over 20 years of experience in marketing, digital, and data-driven expertise.
In his previous role at Activision Publishing, Inc., Anastas helped each of Call of Duty, Black Ops 2® and Call of Duty, Modern Warfare 3 (MW3) reach one billion dollars in entertainment industry record time periods, making Call of Duty the world’s largest entertainment property.
Before joining Activision Publishing, Inc., Anastas served as Vice President, Head of Global Marketing for Atari, the legendary video game publisher. He was also previously Chief Marketing Officer of LiveXLive Media, a public (NASDAQ) music streaming platform.
Cody Lynge – Advisor
Cody Lynge is a passionate marketing professional with over 15 years of experience including Red Bull Canada. He demonstrated the ability to execute on the highest level including, forging relationships with business partners, and developing/executing business plans. Lynge also specializes in event management, promotion, and athlete management.
Currently leading Red Bull Canada’s marketing program, Lynge is driving the development and initiating the execution of national sports marketing strategies in action sports, mainstream sports and gaming across the business.
Adam Morrison – Advisor
Adam Morrison is the co-founder and general manager of Oxygen Esports, the co-founder and president of Esports Capital Corp., and the former CTO for Millennial Esports Corp. (TSX-V: GAME).
Morrison contributed heavily to the design and build-out of the Millennial Studio & Arena in downtown Las Vegas. His 10 years of experience spans from a seasoned executive, engineer, and subject matter expert on all things video game and esports related. He also has a substantial and well cultivated network of publisher relationships that stem from his substantial involvement in the video game industry.
Ron Segev – Advisor
Ron Segev is the founding partner at Law Fim Segev LLP. He served as a consultant for leading figures within the cryptocurrency regulatory sphere and he was the former General Counsel and Senior Legal Counsel for one of the largest online gaming companies in the world.
Segev’s extensive business and technology law experience and specialty in interactive entertainment make him one of the top video-game, and online gaming and betting lawyers in Canada. Segev represented major video game studios and publishers and esports companies negotiating and drafting technology licensing, sales, web services, content and development agreements and advising on numerous issues relating to Internet IP law and gaming law.
*Disclaimer: This profile is sponsored by Alpha Esports Tech (CSE:ALPA)(FRA:9HN). This profile provides information that was sourced by the Investing News Network (INN) and approved by Alpha Esports Tech, in order to help investors learn more about the company. Alpha Esports Tech is a client of INN. The company’s campaign fees pay for INN to create and update this profile.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Alpha Esports Tech and seek advice from a qualified investment advisor.
Expanding A Portfolio of Free-to-Play Legendary Mobile Games
In 2020, the mobile gaming market saw unprecedented growth with a 46 percent increase in gamers and a 46.5 percent market share of the entire US$158 billion global gaming industry. As the proliferation of accessible and engaging mobile games continues, it’s clear this industry should see significant growth.
In North America alone, mobile gaming content market values could reach over US$29.1 billion by 2022, a fraction of the total market value considering the overwhelming popularity of free-to-play mobile gaming throughout the world. Companies taking advantage of evolutions in brand partnerships and strategic acquisitions give investors fantastic exposure to this exponentially growing space and a chance to make it to the top of the mobile gaming leaderboard.
LEAF Mobile (TSXV:LEAF, OTC:LEMLF) is the largest free-to-play mobile game company in Canada publicly traded on the TSX Venture. The company currently has ten games in its portfolio with plans for expansion.
Since its inception in 2018, the company has worked towards scaling its decentralized organization and executing on its 3 core pillars of revenue growth. LEAF’s 3 core growth pillars are Portfolio & Product, Technology Platform (ex. IdleKit) and M&A for acquired growth and revenue consolidation. LEAF studios include East Side Games and LDRLY Games.
LEAF has been quick to establish strong brand partnerships with the likes of Archer, It’s Always Sunny in Philadelphia and, most recently, the RuPaul’s Drag Race franchise. In early 2021, the company announced an upcoming IP partnership with the RuPaul brand in creating a free-to-play mobile game that is the first of its kind in the LGBTQ space. LEAF intends to launch the new project in the second half of 2021.
The IdleKit technology platform also provides exceptional high-margin SaaS revenue possibilities and distributed growth upside. LEAF has brought on five new IdleKit partners since the beginning of 2021, including BigFoot Gaming Inc. out of South America and Mighty Kingdom (ASX:MKL), the biggest independent game developer in Australia.
With the establishment of several significant global IP partnerships in the works, the company continues to cast a wider net and geographic footprint in the rapidly expanding mobile gaming market.
LEAF leverages an early-mover advantage as one of only two free-to-play public companies in Canada. Its impressive CAD$330 million market cap, robust financial platform and expert M&A strategies establish the company’s position as a dominant player in the growing Canadian and international market.
LEAF Mobile’s management team brings together unparalleled media and gaming expertise and a proven entrepreneurial vision. With over 150 years of combined experience across M&A, finance, tech and gaming industries, this leadership primes LEAF for exceptional organic growth and expansion potential.
LEAF Mobile’s Company Highlights
- Leaf Mobile (TSXV:LEAF | OTC:LEMLF) is a leading free-to-play mobile game group based in Vancouver, Canada, creating engaging games that produce enduring player loyalty across a robust portfolio of exciting games.
- The company has a robust game portfolio and product pillar, which engages key IP partnerships with notable brands like Trailer Park Boys, Cheech and Chong and the upcoming RuPaul’s Drag Race franchise partnership to create an innovative game catered for the LGBTQ space.
- Its IdleKit technology platform leverages strategic partnerships for expansive distributed growth and high-margin SaaS revenue & royalty opportunities.
- LEAF is an early-mover in the underrepresented Canadian gaming market. It stands as a small-to-mid market consolidator of various gaming studios
- The company aims to leverage Canada’s brilliant gaming talent and become a top free-to-play gaming company globally.
- The company has a management team with proven media and gaming expertise and entrepreneurial vision to get LEAF to the top in mobile and free-to-play in Canada and international markets.
- LEAF entered into a definitive agreement to acquire Truly Social Games (“TSG“), an innovative developer and publisher of mobile games headquartered in Vancouver, B.C., Canada.
LEAF Mobile’s Portfolio
Gaming Portfolio & Product Pillar
LEAF Mobile currently has ten games in its robust gaming portfolio. Its well-established studios, East Side Games and LDRLY Games, offer a compelling portfolio of games, developed and published in-house or through IP partnerships and acquisitions. These studios utilize an innovative data-driven process to enhance the retention of their games throughout their lifetime.
LEAF focuses on long lifecycle games with narrative-driven emphasis to increase loyal IP-linked fan bases and stable revenues. The company currently has several game and branded partnerships in the works, including an exciting RuPaul’s Drag Race franchise branded game to open doors into untapped markets and highly prospective gamer spaces.
The IdleKit technology platform offers LEAF high-margin SaaS revenue & royalty possibilities. The platform works to complement organic portfolio revenue generation with in-app purchases and advertising and margin expansion potential with recurring platform expansion to drive gross margin improvements.
IdleKit includes key partnerships like Mighty Kingdom, BigFoot Gaming Inc, Game Masons and more. In December 2020, the company accomplished a non-IP fantasy game soft launch with a built-in partnership with Truly Social Games, which could see significant acquisition LOI. Developers seek to benefit from this platform’s seamless compatibility with Unity and reduced developer risk.
LEAF Mobile’s Management Team
Darcy Taylor — CEO
Darcy Taylor has over 20 years of senior executive experience building successful companies and brands spanning Asia, Europe and North America. He has a proven track record in C-suite and senior leadership roles at IMG Canada (now Endeavor LLC), Logic Technologies Inc, JT International S.A. and MASEV Communications Inc, which was acquired by IMG Canada. Taylor’s experience spans corporate, agency, and entrepreneurial environments across free-to-play Mobile games, FinTech, esports, Blockchain, FMCG/CPG, Digital Marketing & Media and Sports & Entertainment industries.
Jason Bailey — CRO
Jason is a founder of East Side Games, Canada’s leading independent gaming studio. Jason is considered one of Canada’s most experienced gaming entrepreneurs. Before East Side Games, Jason was a founder of Super Rewards, which he sold in 2009. Super Rewards was a social game monetization platform that helped pioneer the free-to-play game model that is ubiquitous today. Over the last 20 years, he has been a mentor to and investor in various Canadian startups and technology companies.
Jim MacCallum — CPA, CA, CFA, CFO
Jim is a CPA, CA and a CFA with over 20 years of finance experience. Most recently, Jim was SVP, Finance and Acting CFO at Westport Fuel Systems and, before Westport, held senior roles at Amica Mature Lifestyles, Absolute Software and Cisco Systems. Jim has extensive capital markets, acquisitions, and international experience, having worked for four years in California and two years in Russia. Jim articled with KPMG in Vancouver, British Columbia and completed the Advanced Management Program at Harvard Business School.
*Disclaimer: This profile is sponsored by Leaf Mobile (TSX:LEAF). This profile provides information which was sourced by the Investing News Network (INN) and approved by Leaf Mobile in order to help investors learn more about the company. Leaf Mobile is a client of INN. The company’s campaign fees pay for INN to create and update this profile.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Leaf Mobile and seek advice from a qualified investment advisor.
Proof-of-Stake Technology and Entry to the Growing DeFi Space
Market research expected the growth of the decentralized finance or DeFi industry to hit peaks of over US$40 billion in 2021, with significant trends in upcoming years, but it’s not even May yet and over US$60billion is already locked in DeFi. With the popularization of Non-Fungible Tokens (NFTs) and cryptocurrency, investors may potentially see unprecedented returns and economic prosperity as the world becomes increasingly digitized.
To take advantage of this opportunity, Tokens.com (NEO:COIN,FWB:76M,OTCQB:SMURF), a Proof-of-Stake technology company, provides investors an intuitive and secure way to invest in digital assets that power Decentralized Finance (DeFi) and gain exposure to staking rewards and cryptocurrencies.
The company eliminates the burden of buying, managing and securing digital assets on investors and instead creates value through earning staking yields and the appreciation of its digital asset inventory. Tokens.com expects to leverage first-mover advantages as DeFi and the use of NFTs become more accessible and mainstream financial solutions.
The company presents investors with an environmentally friendly alternative to crypto mining. Tokens.com operates using a de minimis amount of electricity and does not require expensive hardware while still maintaining the same services as crypto-miners. As an early-mover in the staking technology space, investors can expect to see a shift towards this more efficient and lower-cost operation model.
Tokens.com has built a well-engineered business model to further establish its position as a serious player in the DeFi space. The company currently generates a staking revenue of 12.9 percent Weighted Average Simple Yield on its deployed capital. Its digital asset inventory has the ability to appreciate indefinitely compared to chips used by other crypto-miners, which often experience depreciation.
In March 2021, Tokens.com closed its US$25 million private placement from the sale of subscription receipts of the company at US$2.35 per unit. This significant financing advances the company’s development and “validates our business plan,” said CEO Andrew Kiguel.
Tokens.com’s management team consists of experts in capital markets, corporate governance and technology sectors. Their years of combined experience primes the company for significant growth in the DeFi space and as a global leader in staking services.
Tokens.com’s Company Highlights
- Tokens.com is a Proof-of-Stake technology company that provides investors an intuitive and secure way to invest in digital assets that power DeFi and NFTs.
- Shifting trends towards the more environmentally-friendly and cost-effective staking technology models from crypto-mining strategically positions Tokens.com as an early-mover and serious player in the DeFi space.
- The company aims to create value for shareholders by earning staking rewards and the appreciation of its staked crypto assets, which have multi-trillion-dollar global market growth potential. It presents investors with unique exposure and access to megatrends in DeFi and NFTs.
- Shareholders can see exceptional digital asset growth as the company’s digital asset inventory has appreciated by 148 percent YTD. The inventory has the potential to appreciate indefinitely.
- The company leverages strategic support from best-in-class staking partners and custodial agents to provide deep technical expertise, premium service and security.
- Tokens.com is led by the experienced blockchain entrepreneur and former investment banker, Andrew Kiguel. He and his management team boast world-class leadership and growth potential for the company.
- Tokens has acquired an additional 130 ETH 2.0 during Q3, bringing the total of ETH 2.0 owned for staking to 2,506
- The Company has closed its purchase of a 50 percent stake in Metaverse Group valued at C$1,680,000 making it one of the highest value equity investments in a specialised Metaverse real estate.
Tokens.com’s Proof-of-Staking Process
The company provides staking technology used to secure modern blockchains, such as Ethereum 2.0. Its three-pillar business model consists of staking, yield and ownership, and involves first-class staking integrators and custodians.
The PoS process begins with the individual ownership of tokens using s PoS protocol where validators are set up and tokens are locked. Through this transactional validation across the PoS network, validators receive compensation in the form of their own tokens. This gives investors access to the crypto markets without the need to buy, manage and secure digital assets. Instead, they can earn staking yields that still allow them to benefit from asset appreciation.
Tokens.com’s Management Team
Andrew Kiguel – Co-Founder & CEO
Andrew Kiguel is an accomplished executive with leadership experience in Canadian capital markets, corporate governance and entrepreneurship. He was the Co-founder and CEO of Hut 8 Mining, one of the largest publicly listed bitcoin miners in the world, with a listing market capitalization of US$450 million and over US$140 million of revenue within the first 24 months.
Prior, Kiguel spent over 18 years at GMP Securities (now Stifel Canada) in investment banking, with his most recent title as a Managing Director and Head of Real Estate Banking.
Deven Soni – COO
Deven Soni is an experienced operations executive and investor. He spent several years as a technology-focused investor at Goldman Sachs and Highland Capital Partners, where he helped fund several leading technology businesses.
He is the co-founder of Wired Investors, a private equity fund focused on small-cap buyouts. He is also a founding director of Polymath and an active investor in the digital assets space.
Ian Fodie – CFO
Ian Fodie has been appointed as Chief Financial Officer of the Company effective September 1, 2021. He is a seasoned financial executive and has held senior executive roles in high growth industries including biotechnology, life-sciences, entertainment, and exploration and development, over the past 30 years.
Katherine Sullivan – Head of Corporate Development & Investor Relations
Katherine Sullivan’s career has spanned Financial Services and Digital Assets. Her experience provides a unique combination of investor relations experience, deep expertise in business strategy, a broad network of crypto and institutional investors, and an astute awareness of the crypto and blockchain space within Canada and globally.
Katherine previously engaged strategic partners and institutional investors for Galaxy Digital with responsibilities that included Asset Management initiatives, Investment Banking capital raises, and public company relationships.
Prior to Galaxy Digital, she spent ten years focused on algorithmic sales and portfolio trading at Fidelity and Jefferies where she was ranked top in the industry by Institutional Investor.
Jennifer Karkula – Head of Communications
Jennifer is a University of Toronto Graduate with a diverse professional background where she has worked at some of Canada’s largest financial institutions. Jennifer has experience working with social media and agencies to promote brand recognition and engagement, where she has helped companies grow their social presence to over hundreds of thousands of users.
Smarter Food Tech Solutions via Ghost Kitchens
The online food delivery industry saw unprecedented growth in 2020. With the advent of social distancing restrictions and COVID-19 measures, the convenience and flexibility of ghost kitchens to offer consumers new and exciting delivery-only food items continues to grow.
Food tech solutions like online food delivery and ghost kitchens (also known as virtual kitchens, dark kitchens, cloud kitchens, etc.) have been quickly evolving to meet the demands of an increasingly digitized and service-based world in recent years. Made to reduce operating and overhead expenses through optimized infrastructure and leveraging delivery-only models, ghost kitchen companies are shaking up the food scene and this could last well into the future.
JustKitchen (TSXV: JK) (OTC: JKHCF) (FSE:68Z) is a network of virtual kitchens that benefit from lower overhead and operating costs to achieve better economics than operating a dine-in restaurant. The company is focused on its Hub-and-Spoke operating model, which works to enable efficiency maximization and margins.
This Hub-and-Spoke operating model takes semi-prepared food from its full-scale commercial kitchens or “Hubs," which then distribute them to “Spokes" for completion before delivery to end consumers.
JustKitchen also offers delivery-only meals under its own proprietary menus alongside established restaurant brands, including world-class Michelin star establishments. Having been largely unaffected by COVID-19, the success of JustKitchen in the Taiwanese food tech market demonstrates the company's growth and success potential outside of social distancing conditions.
The company is headquartered and operates primarily in Taiwan, a renowned food tourist destination and mature food market. Being Taiwan-based strategically positions JustKitchen to leverage the country's low overhead and operating costs and high market exposure, which includes a US$16 billion dining market and high-density consumer base.
The company has plans to expand to other geographic markets, like into neighbouring Asian countries and the United States, for example.
JustKitchen leverages data to create value, improve supply chain management and optimize menu creation. Through well-engineered software, the company works to proactively predict demand for better cost management and customer satisfaction.
The 2021-2022 target timeline includes plans to grow to two Hubs and 35 Spokes in Taiwan. Additionally, the company has several new revenue streams in the works, such as a proprietary meal ordering app and a customer loyalty/rewards program, among others.
The company's other exciting project is the upcoming franchising of a ghost kitchen system. This would offer franchisees the opportunity to own their very own business on a turnkey basis for a modest level of investment. JustKitchen's virtual kitchen franchise model, strength in supply chain and data integration could eventually position the company as a major global franchisor of choice for ghost kitchens and delivery-only food brands.
JustKitchen's management team consists of experts in various related industries like capital markets, corporate development, e-commerce and logistics. Together, their combined years of experience and vested interest in project success primes the company for rapid growth and value creation for shareholders.
JustKitchen's Company Highlights
- JustKitchen is a network of highly efficient “Hub-and-Spoke" commercial kitchens, also known as ghost kitchens or virtual kitchens, that allow delivery-only food items to reach more customers and avoid unnecessary overhead and operating costs.
- The company primarily operates in Taiwan but has plans in the near term to grow internationally into other markets, for example, in Asia and the US.
- JustKitchen uniquely offers delivery-only meals under its own proprietary menus as well as for established restaurant brands, including Michelin-level vendors.
- The company expects to launch a JustKitchen proprietary meal ordering app as part of its emerging technology channel in 2021. Its digitally-driven software solutions already leverage customer data to optimize supply chain management, menu creation and demand analytics.
- JustKitchen launched its proprietary Wow Chow brand and associated menu of fresh, delivery-only pet food for both dogs and cats
- The company entered into agreements to temporarily establish and operate three satellite ghost kitchen locations in the underutilized commercial kitchens within the Marriott's Courtyard Taipei Downtown and the Madison Taipei hotels as well as in the Trader's Society restaurant located in densely populated Shongshan District of Taipei City.
- Just Kitchen acquired the virtual branding rights to each of the Chili House and Ben Teppanyaki third-party Taiwanese restaurant brands.
JustKitchen's Hub-and-Spoke Model
This model provides semi-prepared food items to designated Spokes from Hubs for meal completion and delivery. The system works to extend JustKitchen's geographic reach as compared to a traditional restaurant or food vendor, while also increasing the rate of food output and supplying local demand more quickly.
The tailored offerings vary based on price points, cuisine, brands and an evolving pipeline of food items. The robust diversity and selection offered to customers increases the scalability of JustKitchen, reduces delivery times and addresses gaps in the foodservice industry through digitally driven solutions and customer data analysis.
The company expects to roll out a proprietary meal delivery app in 2021. JustKitchen is also developing a value-added customer loyalty/reward program similar to other popular online food delivery apps like UberEats.
Jason Chen – Co-Founder, CEO, President & Director
Jason Chen is the vice-chairman of Bayshore Pacific Hospitality Limited and on the board of directors. Chen has over two decades of experience working internationally in the capital markets and private equity industries. He has extensive capital markets experience as the senior executive officer and managing directorship levels with several Canadian investment dealers.
Chen is also a managing director of a capital partnership corporation specializing in corporate financing in private and public sectors, with offices in Hong Kong and Vancouver, Canada. Also, Chen is actively overseeing his private investment holding company and has held executive and board positions with several public and private companies. He also holds a Juris Doctorate and degrees in economics and philosophy.
Kent Wu – COO & Director
Kent Wu is a seasoned entrepreneur with demonstrated excellence in e-commerce & logistics, strategic partnerships, digital marketing, team development and tech stack development. He is the founder and CEO of the e-commerce grocery platform Milk & Eggs, acquired in 2019 by National Strategic. He is also the co-founder of TAC City Airsoft, the largest airsoft arena company in Los Angeles, with two locations admitting more than 100,000 people per year.
Previously, Wu was the founder & CEO of online shooting sports equipment retailer Airsplat, which was acquired in 2016 and was named one of the 500 Largest Online Retailers by Internet Retailers, and one of the Largest Minority-Owned Businesses by LA Business Journal. He was also the founder and CEO of 2 Wheel Bikes, one of the fastest-growing online retailers of cycling equipment and accessories, acquired in 2014. He is currently the Managing Director of SKW Asset Holdings LLC, a real estate investment and management firm with US$20 million in assets under management.
Edward Wright - Director
Mr. Wright is an experienced leader with a proven track record of building high functioning teams and quality retail brands at an international level, who received the BC CEO of the Year Award for the SmallMedium Business Public Company category in 2015. Throughout his career, Edward has delivered superior outcomes consistently in multiple leadership settings, across different industries. He is currently a trustee for Vancouver College after serving as both a board member and Chair over a ten-year period, while also serving as a board member of Poplar Grove Winery since 2017.
Adam Kniec – CFO
Adam Kniec is an experienced CFO with over 20 years of CFO, senior management, accounting, auditing, financial reporting and regulatory compliance experience with Canadian and U.S. publicly listed companies. Currently, Kniec is the CFO of TSX Venture Exchange listed company Integrity Gaming Corp., a position he has held since October 2012. Previously, Kniec was the CFO of Petro Vista Energy Corp. from October 2007 to January 2019.
Mark Lin – CTO
Mark Lin was the founding member of InComm Taiwan Branch, an international gift card platform provider, before joining JustKitchen. Lin grew sales revenue from US$1 million to over US$15 million in three years. In his role, he managed all aspects of sales and operations. Lin's expertise includes financial payment platform solutions, system integrations, business process analysis and international business development. Mr. Lin holds a B.S. in Operations Research from Columbia University.
Yang Liu – CSO
Yang Liu has over eight years of experience in the hotel and restaurant industry and ten years in the film and entertainment industry. Liu is an adjunct lecturer at Providence University (Taichung, Taiwan) in the Department of Mass Communication, teaching college-level courses in media and management.
He holds a Master of Business Administration degree and a double degree in Hospitality Business and East Asian Languages and Culture from Michigan State University.
John Yu – CMO
John Yu is a successful serial entrepreneur in the realm of consumer products and services. He began his career as a software engineer at a Fortune 500 company, working with Dell, Apple, and Sony. In 2005, he identified the outdated and frustrating process of buying diamond rings and seized the opportunity to start Taiwan's first jewelry e-commerce site, ALUXE, disrupting the traditional industry to provide people a transparent, simple and joyful way to shop for and purchase engagement rings and wedding bands.
Yu is also the founder of two fast-growing e-commerce sites specializing in daily necessities and sports gear. He is currently a Director of TGI Friday's, Texas Roadhouse, Dan Ryan's Chicago Grill, and Smith & Wollensky restaurants in Taiwan and Hong Kong.
*Disclaimer: This profile is sponsored by JustKitchen (TSXV:JK). This profile provides information which was sourced by the Investing News Network (INN) and approved by JustKitchen in order to help investors learn more about the company. JustKitchen is a client of INN. The company's campaign fees pay for INN to create and update this profile.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with JustKitchen and seek advice from a qualified investment advisor.
One-Stop-Shop for Healthy Building Innovation and Services Across Canada
The digital revolution has made its way into almost every aspect of our everyday lives. The real estate market is no different. Property Technology or “PropTech” is how some businesses are pushing the envelope and innovating how we buy, rent, sell, construct and manage residential and commercial property.
In 2018, the PropTech market climbed to approximately US$7.3 billion in the US and Canada. Market research only projects this estimate to increase over the years with the widespread adoption of virtual showcases, online housing markets and digitized processes surrounding real estate.
Universal PropTech (UPI) (TSXV:UPI,FWB:8LH) delivers innovative solutions and services to help maintain healthy buildings and improve the value of buildings. As a response to the COVID-19 pandemic, the company has taken on testing for COVID-19 with investment into a sub-20-second rapid COVID-19 test.
In February 2021, UPI announced it had completed an investment in ISBRG Corp for minority interest and secured agency rights to their SpotLight-19© Technology. This technology is a platform that generates rapid and comprehensive healthcare data through non-invasive testing. This investment fits well with UPI’s other commitments to providing healthy workspaces and helping to curb the COVID-19 pandemic.
The company’s highly versatile and resilient management team helps adapt UPI to rapidly changing social, public and environmental landscapes, including factors such as low carbon economy shifts, digitalization, infrastructure renewal demands, rising energy costs and more.
The rise in PropTech start-ups and subsequent investor interest has strategically positioned Universal PropTech to leverage these growing trends in real estate. The company’s unique whole spectrum business model consists of utilizing its own proprietary healthy building control systems and investing in additional PropTech to expand its footprint.
The near-term outlook for the company includes advanced technology acquisition expected to accelerate sales with existing and new clients, continued building optimization through innovative PropTech and deployment of stimulus funds geared to air systems infrastructure for institutional buildings.
Universal PropTech’s leadership team consists of experts in energy, control systems, mechanical solutions and finance. Together, they prime the company for rapid growth and significant economic success in the growing PropTech market.
Universal PropTech’s Company Highlights
- Universal PropTech is a PropTech innovation company focused on optimizing building health and delivering innovative building solutions through technology and digital integration.
- The company’s whole spectrum business model is a one-stop-shop of building care, management, maintenance and optimization (Indoor Air Quality, Building Performance, Building Controls, Mechanical, and Energy Resources). It has several strategic partnerships to enable high-quality service and technological advancements.
- UPI has an exciting investment into ISBRG’s SpotLight-19© technology. This highly prospective rapid-testing platform could see widespread adoption for COVID-19 testing globally.
- UPI’s focuses include improving indoor air quality and rapid and surface COVID-19 testing through a renewed strategy involving agreements for several exclusive and non-exclusive solutions.
Universal PropTech’s Key Projects
ISBRG’s SpotLight-19© Technology
SpotLight-19© is a non-invasive technology platform designed to generate comprehensive healthcare data rapidly. Pending Health Canada approval, this technology could provide a non-
invasive COVID-19 test result in under 20 seconds and for about $1 per test.
ISBRG’s SpotLight-19© technology is intended for use in large venues, such as airports, border crossings, schools and entertainment complexes. UPI acts as the exclusive sales agent for the platform and other future offerings for Canada’s government and education sectors, as well as a non-exclusive agent for other facility types.
VCI Controls is a UPI company. Its whole spectrum approach tackles various demands in PropTech optimization and building health improvements. The company works with industrial, commercial, institutional and multi-unit residential building clientele from Canada’s east coast to Ontario.
Key partnerships offer real estate owners and managers turnkey HVAC/building controls with high-quality design, equipment, installation, key BAS and real-time systems data. The company has the capability to process this data and apply advanced web tools to suggest personalized building improvements. This operational power has the potential to save clients 5 to 15 percent in facilities energy spending without capital expenditure.
VCI Controls’ services include air and surface disinfection, maintenance, tech services and installation, energy generation and building management. As a trusted advisor and PopTech innovation company, UPI is constantly seeking to improve its operations in its commitment to protecting people and addressing healthy building needs.
Universal PropTech’s Management Team
Chris Hazelton — President, CEO & Director
Chris Hazelton is an experienced finance professional with more than 20 years of operational and advisory experience in various capacities and industries. He held the following positions:
- Vice President for Cavalry Corporate Solutions Ltd.,
- Chief Executive Officer and Director at Canada Pacific Capital Corp.,
- Chief Financial Officer for Lineage Grow Co. Ltd. (now Harborside Inc.),
- Chief Financial Officer & Director at Sagittarius Capital Corp.
Frank Carnevale — CGO
Frank Carnevale is an award-winning CxO and industry thought leader who has originated over $2.5 billion in energy transactions in regulated and unregulated energy service companies. He leads investments, acquisitions and organic growth for Universal PropTech. He served as an executive board member of the Energy Council of Canada and as a board member of the Council for Clean & Reliable Electricity and the Ontario Energy Association.
Jeff Morneau — VP Mechanical, VCI Controls Inc.
Jeff Morneau is a seasoned leader with over 20 years of mechanical solutions and services experience. He is responsible for all mechanical P&L for VCI Controls. Morneau is well versed and experienced in the full range of HVAC/R and rooftop unit equipment and services in the Industrial, Commercial, Institutional and multi-residential markets.
Pierre Craig — VP of BAS, VCI Controls Inc.
Pierre Craig leads the Building Automation Systems division for VCI Controls. He is an industry leader in BAS in Canada. As a long-serving employee of VCI Controls, Craig has positioned and sustained VCI’s in-house controller-technology as the control solution for the federal government and additional institutional facilities.</span
Creating Value-Added Customer Experiences in British Columbia
Quantum 1 Cannabis CEO Russ Rossi: Increasing Customer Base and Eroding the Cannabis Black Market youtu.be
Positive shifts in the North American cultural perception of cannabis use are leading to rapid economic growth amongst licensed cannabis retailers. Sales of cannabis products from licensed retailers in British Columbia, Canada, alone rose from C$4.2 million in June 2019 to C$29.4 million in June 2020. Things are also looking up in the US, as the Biden presidency is expected to be positive for cannabis.
Quantum 1 Cannabis (CSE:QQ) is a premier cannabis retailer based in British Columbia. Focused on delivering value-added customer experiences, premium products and unparalleled service and education, this revenues generating business model primes the company for immense success as a leader in the BC cannabis market. Quantum 1 currently holds six retail licenses.
The company currently has strategic positioning in the booming BC cannabis market. In 2020, the company recorded C$2,475,000 in revenue. It forecasts revenue of C$8,875,000 in 2021 and C$26,500,000 the following year.
Quantum 1 leverages the support and resource networks of its parent company, Quizam Media, a media company focused on training in the cannabis space that pivoted to the retail market. Years of specialized educational success working with Fortune 500 companies worldwide primed the company to begin producing cannabis learning videos for the BC Liquor and Cannabis regulation Branch (LCRB) when Canada saw the legalization of cannabis in 2018.
“And getting into cannabis training, we came across an opportunity to pivot into cannabis and we found ourselves with six retail licenses, which are hard to get in British Columbia. Using our expertise and management to supercharge a company like this, I mean, there’s certain aspects of the retail play, that require management, tracking, computerization training, those are things that are in our wheelhouse, very, very simple to do,” commented Quantum CEO Russ Rossi when discussing Quizam’s shift to retail cannabis.
Quantum 1’s mission is to be a retail cannabis industry leader with a unique offering for consumers and partners that is energizing, educational and, above all, an exceptionally positive experience. The dedicated team of passionate educators provide customers with best practices and cannabis expertise but also an added learning angle that works to help demystify cannabis as it was once taboo topic.
Quantum’s 12 month plan includes opening up additional centers as part of a province-wide expansion plan. The company has recently acquired a new location in Vancouver and is looking to expand further in addition to its five existing BC retail locations.
Quantum 1 Cannabis’ management team combines years of expertise in cannabis markets, education and retail success. It’s background with Quizam primes the company for substantial economic prosperity and presents an entry opportunity valuation for investors seeking exposure to the next wave of cannabis stock and growth.
Quantum 1 Cannabis’ Company Highlights
- Quantum 1 Cannabis is a premier cannabis retailer based in British Columbia, Canada. Leveraging the booming markets and positive cultural trends towards cannabis use primes the company for economic success.
- Its parent company Quizam Media offers a unique advantage with its background in cannabis education and emphasis on learning. This angle provides Quantum 1 customers with a value-added retail experience.
- In 2020, the company reported C$2,475,000 in revenue. It forecasts revenue of C$8,875,000 in 2021 and C$26,500,000 the following year.
- Quantum currently has six retail licenses with plans to expand its retail center operations in the near future.
Quantum 1 Cannabis’ Premium Retail Brand
Quantum 1 Cannabis currently has 6 retail licenses throughout the highly active cannabis markets of British Columbia. The company’s specialized background in cannabis education and support from parent company Quizam primes it for rapid expansion and economic growth.
The company promotes an elevated retail experience to maximize its exposure to strategically targeted markets in BC with premium selections of cannabis products including candies, creams, drinks and more. Its core values emphasize positive connection, value-added customer experiences and learning. The well-curated business model positions Quantum as a serious player in a growing cannabis industry.
Quantum 1 Cannabis’ Management Team
Russ Rossi — CEO, President, Founder & Director
Russ Rossi is the founder and current CEO of the Quizam Media Group. He brings over 20 years of experience as an entrepreneur and industry leader in technology, media and retail. Russ was born and raised in Vancouver, British Columbia. Upon graduating from the University of British Columbia he set out to embrace his entrepreneurial spirit pioneering one the first video based dating services. He has also founded and grown several companies worldwide including a cellular phone accessories company, a chain of computer training schools, a Hollywood production company, an online corporate training portal, a major courier company for Amazon in the UK and a chain of cannabis stores in BC. Russ is also an avid computer coder, a pilot, an actor and a movie producer. Russ is not only the company’s visionary but also the strategic captain who focuses on execution and action.
Michael Skellern — Director
Michael Skellern is a global business leader with more than 20 years of executive management experience and leadership in private and public international companies as a Chief Executive Officer, Chairman and Board Member. He has an established worldwide network of senior government and business leaders. Mr. Skellern has developed companies in 14 countries across Europe, Middle East, Asia and North America. His business experience spans the aviation, automotive, construction, defense, energy, maritime, media, security, real estate and technology sectors.
Stephan Alexander — Director
Stephen Alexander graduated from the College of Law in London, and was admitted as solicitor in 1975. Founder of Class Law Solicitors, London, UK, and has provided legal counsel for high profile cases that have received media attention. Mr. Alexander is widely experienced in all aspects of corporate, commercial and international work with a special interest in protecting shareholder’s rights in public companies. In addition, Mr. Alexander works as a consultant with a well established international law firm, Lee Lanes Solicitors. Mr. Stephen Alexander will provide legal counsel in corporate finance, loans and investments and strategically position Quizam in the European market while forming alliances with foreign governments.
Jim Rosevear — Director
Jim Rosevear is an accountant and holds a diploma in Hospitality and Tourism Administration from the British Columbia Institute of Technology. Mr. Rosevear has experience in private practice accounting and financial management in the hospitality industry. He was an accountant for On-Track Corporate Training Ltd. (a Quizam Media Corp. Subsidiary).
David Lee — Director of Business Development
David Lee brings with him 15 years of experience in business development, marketing, investor relations and strategic planning. A graduate of Kwantlen Polytechnic Universities’ Business School, David started his career off in the telecommunications sector in firms specializing in research and development for products and services. He also brings a wealth of experience in the retail sector, overseeing 150 locations. David’s primary role is to focus on Quizam Media’s global strategies and execution. He has a keen eye for identifying talent and is driven to ensure the growth of all business units.
*Disclaimer: This profile is sponsored by Quantum 1 Cannabis (CSE:QQ). This profile provides information which was sourced by the Investing News Network (INN) and approved by Quantum 1 Cannabis in order to help investors learn more about the company. Quantum 1 Cannabis is a client of INN. The company’s campaign fees pay for INN to create and update this profile.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Quantum 1 Cannabis Canada and seek advice from a qualified investment advisor.
Developing Technology Driven Solutions to Public Health
COVID-19 has helped us realize the limitations of traditional healthcare systems and structures. This extends to the ways in which public health agencies communicate information with the general public, and the inaccessibility of many current contact tracing apps. With innovations to meet the demands of an increasingly digital world, public health is transforming for the better.
The global healthcare market is projected to grow to US$11.9 trillion by 2022. Given the immense importance of contact tracing and vaccine distribution management, optimizing public health through new technology should prove to be a lasting trend.
Contakt World (CSE:HELP) is a technology and media company focused on improving community health by working with public health agencies, employer establishments, healthcare providers and the public. Its digitally driven approach tackles public health programs involving pandemic response, vaccine distribution and case management.
The company’s patent-pending technology — which was built with input from public health agencies — works to bridge the gap between public health agencies and the public. They have a particular focus on making sure their information and technology reaches marginalized populations who might lack access to the latest smartphones. Its combination of robust research and development, human-centered design, next-gen data integrations and strategic health partnerships primes the company for economic growth and expansive reach.
In 2020, Contakt World’s leaders saw the urgent need for pandemic management and sought to develop innovative contact tracing and case management spanning multiple modes of communication, including apps, text, email and websites.
A year later, the company’s goal remains to become the most reliable, accessible and scalable digital public health and safety platform globally, even after the world gets a handle on COVID-19. Contakt World intends on providing lasting tech solutions that will empower public agencies with workforce and resource multipliers for more efficient contact tracing in the future.
While most companies have been releasing contact tracing apps that only work with the latest smartphones, Contakt World has partnered with MeshTek, which has hardware that works with significantly older cell phone hardware while still being accurate. As part of its commitment to serving marginalized populations, Contakt World has also dedicated a division of the company to support local health agencies with grants, stimulus funds and other grassroots initiatives to improve overall public health.
Plans for the company’s pipeline include its partnership with LogicInk for the adaption of a technology-based temporary tattoo. While the technology is used initially to monitor UV exposure, Contakt World intends to adopt it for COVID-19 testing and contact tracing, especially at high-volume venues like festivals or large events.
The company also provides an up-to-date discussion on hot-button issues surrounding COVID-19, public health, healthcare system innovation and more through its podcast. This vehicle for transparent communication often includes expert scientists, researchers and thought leaders.
Contakt World’s management team combines world-class professionals and experts in the world of public health, research, health equity and technological innovation. This dedicated team primes the company for significant growth, global outreach and success.
Contakt World’s Company Highlights
- Contakt World is a technology and media company focused on providing digital solutions and public health programming, empowering connections between public health agencies and marginalized communities.
- The Contakt World platform combines several communication fronts to enable innovative contact tracing and case management, including text, phone, email, websites and more.
- The company has several key partnerships with public health agencies, NGOs and technology companies to develop accessible solutions for contact tracing. This portfolio includes iHeartRadio, LogicInk and more.
- The company is currently working with LogicInk to adopt innovative wearable tech for contact tracing capabilities in dealing with COVID-19 and future applications at high-volume venues.
- Contakt World has acquired Stratum Health Solutions, LLC, which operates HealthCheck by Stratum™, an encrypted wellness tracking and analytics tool with 1,000+ current customers.
Contakt World Platform
The Contakt World platform combines a blend of technologies both inside and outside mobile apps to maximize accessibility for all users. Its centralized dashboard and health surveillance have real-time data integrations. Contakt World also conforms to CDC guidelines on digital contact tracing.
The company has partnered with iHeartRadio, the largest audio company in the US, to produce and distribute national and regional content to increase community use and identify hot spots depending on local user registration. Constant internal feedback loops also enable real-time innovation and platform improvements.
Likewise, the company is working with MeshTek, a large-screen touch technology research and development manufacturer, to deploy hardware that will provide accurate contact tracing information to marginalized communities who may not have the latest smartphones. Combining hardware and Contakt World’s platform could provide much higher accuracy for contact data and notification functionality.
Contakt World intends to continue its valuable partnerships with tech giants, NGOs and small- and large-scale public health agencies to provide scalable and accessible solutions that better connect people with the healthcare functions and information they need.
Contakt World’s Management Team
Justin Beck — Founder, CEO, Chairman & Executive Producer of Contakt the World Podcast Series
Justin Beck is an entrepreneur with 20 years of forming and building growth-stage companies. Beck’s most recent efforts included co-founding, capitalizing and building a licensed cannabis company in California as well as an M&A and consulting practice. His story is overcoming adversity, including a lack of formal education, a (since-expired) SEC injunction and frivolous litigation.
Beck is driven by socioeconomic impact, namely advancing opportunities and empowerment for LGBTQ+ and marginalized populations from the main street to Wall Street. He has a diverse skill set, ranging from team building, investor relations, advancing state legislation, innovation, operations and corporate development to fundraising, mergers and acquisitions. He is also passionate about human rights, health equity, drug reform, racial equality, world travel, low-cost housing, access to healthcare as a fundamental human right and legal, religious use of entheogens.
Andre Basbaum — Co-founder & Strategic Advisor
Andre Basbaum is a serial entrepreneur and was instrumental in the formation and growth of multiple technology companies. His passion for innovation has led him to a broad range of pursuits, including the development of therapies for cancer and viral diseases, the commercialization of tumor profiling molecular diagnostics tests, the creation of mobile health applications for the management of chronic diseases, and the development of novel biofuel crops as an alternative to carbon fuels.
Basbaum is a big believer in paying-it-forward and, over the last decade, has coached and mentored young, foreign professionals looking to build their lives and careers in the US, with the only condition that one day, they do the same for the next generation.
Robin Coleman — Co-founder, Chairman of Contakt World’s Global Health Advisory Panel
As a part of Contakt World’s executive team, Robin is also an editor with Johns Hopkins University Press and has published books on public health and health policy from national and global thought leaders, focusing on intersectional drivers of health inequities. Among many significant publications, highlights include The Political Determinants of Health, The Fears of the Rich, The Needs of the Poor, My Quest for Health Equity, Preventing the Next Pandemic, and Separated. As a publisher, member of the Health Equity Task Force at Morehouse School of Medicine, and collaborator at Contakt World, Robin brings esteem for public health professionals dedicated to improving health equity and practical creativity.
Deepti Pahwa — CIO & Co-Host of Contakt the World Podcast
Leveraging design thinking, human-centricity, ethical frameworks, behavioral science and the purpose-driven mindset, Deepti Pahwa is driven to design innovative digital solutions for public health. At Contakt World, her role spans from driving product and platform innovations, brand strategy and community narratives for storytelling, and building a culture for innovation. As a design, innovation and brand strategist, she has nearly two decades of shaping and building multinational brands such as Calvin Klein, Swatchgroup and Swarovski. She is also a well-recognized Stanford GSB LEAD alum with extensive executive experience in building disruptive digital solutions that design for marginalized communities’ needs and reduce the gap between developing and developed worlds.
Riaz Ferdaus, Ph.D. — Co-founder & VP
In his role with Contakt, Ferdaus oversees the research, development and training division of the company. As a doctoral student, Ferdhaus worked for the Louisiana Office of Public Health, where he had the privilege to conduct contact tracing activities at the grassroots levels. He is an associate professor of health administration at the Franciscan Missionaries of Our Lady University. He holds an Adjunct Faculty position at the Flores MBA Program at the Louisiana State E.J.Ourso College of Business. He is also a member of the Association of University Programs in Health Administration (AUPHA), Bangladesh Medical Association of North America (BMANA), and the National Association of County Health Officials (NACCHO).
Ricardo Lachac — Chief Revenue Officer
Ricardo Lachac is a seasoned global multilingual executive with 30 years of experience, 20 in C-level, in Technology, Data, Analytics, and Risk Management leading go-to-market strategies and revenue growth. He was recently Vice President, Business Development & Chief Executive Officer, Brazil, for LexisNexis Risk Solutions (LNRS). Mr. Lachac launched LNRS Brazil, where the company had no footprint and quickly captured more than 50% of the market share in high-tech niches like Auto Insurance Telematics. Previously, he was Chief Operating Officer at Seguros Unimed, which belongs to the #1 Health System in Brazil and #1 Medical Co-Op globally, with 17MM customers. His career also includes executive positions at IBM, AIG and Indiana, a Liberty Mutual subsidiary. Mr. Lachac is an Electrical Engineer from the University of Sao Paulo (USP), with an MBA from Fundacao Getúlio Vargas (FGV) and The University of Texas at Austin.
Sid Senroy—Board Member, Special Advisor to Chief Visionary Officer, Commercial Advisor For International Markets
Mr. Senroy is a leader in the global biotech and pharmaceuticals industry, with an MBA from Pepperdine University. His expertise centers on helping companies pass compliance assessments, develop robust quality systems and prepare for global health authority reviews and inspections.
As president and founder of RegDev, a global drug development consulting firm focused on regulatory compliance and processes, he has helped small to large, public and private pharmaceutical companies achieve their goals, including support of bioresearch monitoring inspections, and 30+ successful NDA / BLA Submissions / Review / Approvals leading to $30+ billion USD in annual sales from those products.
Canada's first dual licensed European PSD2 and FINTRAC Neobanking Fintech company
As Open Banking becomes the 2021 buzzword in Canada, upcoming federal legislation is fast approaching to shake up our financial landscape as it did in Europe a decade ago. RevoluGROUP Canada Inc. (TSXV:REVO,FWB:IJA2) has meticulously prepared for this advent, having obtained the prestigious 27 EU country PSD2 banking license and the requisite Canadian FINTRAC license homologation. Trademarked RevoluPAY, the proprietary iOS and Android banking app launched in 2018, linked to a proprietary Visa card in 2020, brings mobile banking around the globe. Currently offering accounts in CAD, USD and Euro, with more currencies on the horizon. RevoluGROUP has rapidly gained ground inking direct correspondent banking agreements with BBVA USA, Flutterwave, Alipay, Union Pay, Thunes and many more.
Firstly, armed with its direct banking ability, RevoluGROUP has targeted remittances through RevoluSEND. Market research expects the global remittance market size to reach US$930.44 billion by 2026, growing at a compound annual growth rate (CAGR) of 3.9 percent from 2019 to 2026. Much of this traces back to the increase of cross-border transactions and nascent mobile-based payment channels, as well as lower remittance costs and transfer times. As the market is projected to soar, so too could the companies driving the technological platforms that engender that outcome.
RevoluGROUP Canada Inc. is a Canada-based central bank licensed neobank fintech company focused on meeting the demands of the rapidly growing personal and corporate finance industry along with other huge sectors of the technology market through its flagship RevoluPAY technology. Beginning in 2017, the company has pursued and been granted the necessary banking licenses and banking partner accords to establish itself as a strong player in the fintech industry.
The multi-asset, multi-divisional company has advanced technology deployment in many verticals in the industry. This vertical portfolio includes online travel, forex, money remittance, mobile banking apps, mobile phone top-up, utility bill payments, video game credits, cryptocurrency exchange, real estate payments, blockchain security, invoice factoring and personal and corporate leisure sectors. RevoluGROUP is also currently proposing its banking technology under various white-label scenarios to dramatically increase user onboarding.
RevoluGROUP’s mission is to aid consumers in resolving multiple banking needs using one secure closed-loop payment system. Its fintech banking solutions aim to remove complications consumers face when interacting with traditional financial bodies through exponential adoption of the company’s central proprietary financial app RevoluPAY.
The company’s flagship technology, RevoluPAY, is an Apple and Android compatible, multinational bank account app. Built entirely by RevoluGROUP’s in-house team and central bank homologated, the app features proprietary and sector-specific technology. RevoluPAY primarily targets the worldwide mobile banking sector, personal and corporate finance and burgeoning remittance market.
Two of RevoluGROUP’s most exciting verticals are its RevoluEX and RevoluSEND, which both leverage the RevoluPAY proprietary payment app in the rapidly expanding sector of crypto to fiat exchange and cheap international transfers to over 100 countries. While its RevoluEGAME platform works with RAWG offering both entire games and pay credits for over 3,000 of the most popular games worldwide. Its RevoluESPORTS platform is expected to launch in Q2 2021.
In May 2020, the company obtained its central bank approval, which gives RevoluGROUP the ability to approve any amount of funds with unlimited capacity. This exciting development comes in conjunction with the recent acquisition of the FINTRAC license for Canada. The company is presently working to obtain licensing in the US with the acquisition of the necessary money service business (MSB) licenses for 28 states.
As of May 2020, the company has wallet-to-wallet transaction capabilities in 126 countries throughout North and South America, Europe, Africa and Asia.
RevoluGROUP Canada’s management team primes the company for exceptional growth and economic success in the fintech world. The team brings together years of combined experience in international marketing, banking, fintech, technology and corporate governance.
RevoluGROUP’s Company Highlights
- RevoluGROUP is a fintech company focused on deploying advanced NeoBank technologies in several verticals, including money remittance, mobile payment apps, healthcare payments, e-gaming and esports, online credit and gift cards, Blockchain security, personal and corporate finance sectors and more.
- The company’s flagship technology is its RevoluPAY, a multinational banking app in USD, CAD and Euro with a linked Visa card. The app features proprietary, sector-specific technology that is back-end secured by Blockchain.
- RevoluGROUP allows wallet-to-wallet transaction capabilities in 126 countries around the world with plans for expansion.
- RevoluPAY provides innovative remittance services through its closed-loop system, which avoids chargeback and allows RevoluPAY e-wallet loading anywhere in the world.
- The company is currently in its deployment phase under various white-label scenarios. For example, the company intends to leverage the rapidly growing e-gaming and leisure sectors with its fintech solutions.
RevoluGROUP’s Key Project
RevoluGROUP’s flagship remittance technology is an Apple and Android compatible multinational banking app with a linked Visa card. The RevoluPAY e-wallet can be loaded from any country and used for a variety of transactions worldwide or at any location that accepts VISA Cards. Within seconds, users can send and receive money across the globe without the need for carbon paper or rigid traditional banking and financial institutions.
The innovative app is currently at phase four of payment technology development. RevoluPAY has already achieved wallet-to-wallet connections to individual user bank accounts, cash collection operations and points of sale. In May 2020, the company commenced operations to enable wallet-to-wallet to ATM capabilities that allow beneficiaries to visit any affiliated Visa ATM to withdraw cash.
One of the biggest advantages of RevoluPAY is its closed-loop system. The entire backend technology of the app is secured by Blockchain, so entrepreneurs or individuals without access to credit cards have a means of enacting international payments. This is particularly important in countries where many people don’t have bank accounts, and therefore don’t have credit cards with which to purchase online subscriptions and other services. Currently, there are two billion people worldwide who are unbanked. Because of this, the company can anticipate significant user expansion.
The company has also created specialized revenue verticals linked to RevoluPAY that serve a variety of industries, including:
- RevoluPAY Visa: RevoluPAY Visa Card holders can transfer funds to and from their RevoluPAY eWallet, withdraw from ATMs that accept Visa and make payments at any Visa-enabled POS.
- RevoluFIN: This platform allows third-party financiers to finance outstanding secured receivables and achieve above-market interest returns.
- RevoluVIP: RevoluVIP members only net rate Travel Club to +120 countries generated over CA$ 10 million in revenue pre-COVID.
- RevoluCHARGE: This allows RevoluPAY users to simply top up pay as you go phone plans for themselves or others in developing countries.
- RevoluUTILITY: This vertical lets users of the RevoluPAY app quickly pay for essential utilities like electricity, gas, water and communications, as well as popular entertainment services like Spotify, Netflix, HBO MAX and Xbox Live, public transportation, online sports betting and more.
- RevoluREALTY: This RevoluPAY segment centralizes all transactions involved in a real estate transaction, greatly increasing the ease of these transactions.
- RevoluEGAME: Built upon RevoluPAY, RevoluEGAME allows users to purchase entire games and credit for in-game purchases for over 3,000 of the most popular games.
- RevoluSEND: A simplified and straightforward sending solution designed to improve the remittance process.
- RevoluEX: Trade 100+ cryptocurrencies and convert them to fiat money with the RevoluEX digital currency exchange.
- RevoluPOS: Compatible with Apple and Android devices, RevoluPOS is a complete point of sale solution built to accept digital payments anywhere in the world.
- RevoluMED: Launching in Q2 2021. This provides an integrated experience for healthcare appointments, prescription payments, medical insurance claims and copays, and other healthcare financial transactions, all in the RevoluPAY app.
- RevoluESPORTS: Launching in Q2 2021, this segment will provide direct access to the growing esports industry using RevoluPay’s proprietary technology.
- RevoluTRANSFER: Launching in Q2 2021. This online money transfer service makes it easier than ever for customers to send and receive Swift and ACH transfers, with support for up to 50 different currencies. Up to 7x cheaper than regular banks with real exchange rates.
RevoluGROUP’s Management Team
Steve Marshall — CEO and Director
Steve Marshall serves as CEO and as a director of RevoluGROUP Canada Inc. Marshall is a trilingual serial entrepreneur specializing in international marketing and deal brokering. He has successfully adapted to varied world markets throughout his career, having founded businesses in Spain, France, United Kingdom, Panama, Russia, Moldova, Ukraine and Cuba, including a multinational timeshare company and a multilevel digital marketing corporation acquired by a large German marketing company.
Steve Marshall’s past ventures have received coverage in the Financial Times, BBC News, CNN, ABC News, BNN, Fox News, Time Magazine, Washington Post, Chicago Tribune and The Wall Street Journal. Marshall also dedicated time in his career to concentrate on his philanthropic initiatives, including refitting a general hospital with over $800,000 in second-hand medical equipment and importing containers of children’s toys for the pediatric cancer unit Havana William Soler Hospital in Cuba.
James G. Pettit — President and Chairman
Jim Pettit is currently serving on the board of directors of five publicly traded companies and offers over 25 years of experience within the industry specializing in finance, corporate governance, executive management and compliance. Jim was previously chairman and CEO of Bayfield Ventures Corp., a TSX Venture company, which New Gold Inc. acquired in January 2015.
Daniel Hernandez Rodriguez — Director
Daniel Hernandez Rodriguez is considered a key asset to the fintech division and corporate development. He is the co-founder of eSignus, a company involved in next-generation cryptocurrency custody and payment solutions for Blockchains and a banking technology expert specifically focused upon electronic banking and front and back-office security applications, Rodriguez’s prolific career allowed him to integrate banking security technology and expertise to major Spanish banks: La Caixa, CajaCanarias, Banca Civica, Sa Nostra, CCM, Caja Murcia and Infocaja.
Rodriguez has advised the company regarding RevoluFIN and was instrumental in the launch of RevoluCHARGE, RevolUTILITY and RevoluEGAME, deploying the latest technology and banking protocols and assuring compliance with international banking protocols. Additionally, he assists the company in implementing the electronic blockchain Cryptocurrency settlement mechanism RevoluEX and Forex platform RevoluTRANSFER.
Bernard Lonis — Director
Bernard Lonis is the founding owner of Adonis Resorts and numerous technology-focused companies. He is a hospitality and tourism specialist with over 3,000 hotel beds currently under his company’s control. He is a specialist in emerging travel markets and the unique complexities these present. Lonis is a distinguished member of European hotel associations, honorary consul of France, owner of the European School of Management and a prolific trilingual entrepreneur.
Alfredo Manresa Ruiz — Director
Alfredo Manresa Ruiz is a Spanish national and seasoned banking professional and manager. Alfredo worked for Spain’s CAM Bank between 1989 and 2012 in varied high-level positions, including branch and regional management positions in Europe and Latin America. Ruiz was the founding manager of CAM Bank in Cancun, Mexico and The Caribbean. During his tenure as a regional bank director in Mexico and The Caribbean, he handled hundreds of millions of Euros annually in loans and investment. Ruiz’s extensive knowledge of the financial system brings an important addition to RevoluGROUP Fintech and Remittance businesses. Ruiz is fluent in Spanish and English and has an accomplished career in the corporate and private banking world. He is directly involved in the formation of the wholly-owned subsidiary Revolupay Europe EDE S.L.
Disclaimer: This profile is sponsored by RevoluGROUP Canada (TSXV:REVO,FWB:IJA2). This profile provides information which was sourced by the Investing News Network (INN) and approved by RevoluGROUP Canada in order to help investors learn more about the company. RevoluGROUP Canada is a client of INN. The company’s campaign fees pay for INN to create and update this profile.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with RevoluGROUP Canada and seek advice from a qualified investment advisor.
Digitally Driven Solutions Through Integrated Medical Devices and Cloud-Based Software
The COVID-19 global pandemic shook traditional healthcare structures on a global scale in 2020. There has been an urgent need for integrated systems to manage the influx of patients and new social distancing measures, which forced many to delay seeking in-person medical attention. In identifying this gap in the healthcare system, digitally driven telemedicine companies are leading the way to innovate and improve healthcare for all in this increasingly digital age.
By 2022, the global healthcare market is forecasted to grow to US$11.9 trillion, with the digital healthcare sector to grow by a projected compound annual growth rate (CAGR) of 38 percent by 2026. In dealing with the aftermath of this pandemic, investing in healthcare and wellness technology is investing in the healthcare systems we’ve needed for a long time.
Cloud DX is a digital health company focused on providing sophisticated solutions for advanced healthcare providers through its precision vital sign monitoring platform, software and mobile apps. The company’s commitment is to the improved accessibility of healthcare through virtual care and digital medicine across Canada and the United States.
The company combines core competencies in biomedical hardware engineering, cloud-based medical device architecture, algorithm-based result generation, regulatory approval experience and internationally ISO certified quality management. This combination has helped Cloud DX develop optimized medical devices and software for a more value-added patient experience. This level of innovation in telehealth technology strategically positions Cloud DX as a leader in vital sign data monitoring and integration.
Unlike many other telemedicine companies, Cloud DX works to invent new medical devices and get them cleared by regulators. This invention aspect allows the company to create more intuitive and innovative devices at potentially lower costs for its users. “Because we control that entire customer experience, we can optimize it and make it better for everybody. That, in fact, is our mission,” Cloud DX CEO Robert Kaul stated.
Cloud DX has partnered with healthcare providers like the Blessing Health System and virtual care companies like Curatio Inc, co-creator of the Stronger Together app, to provide remote patient monitoring and telehealth solutions to COVID-19’s short term symptoms and its long term complications. This new wave of virtual care technology addresses limitations to existing healthcare structures and helps meets the demand for medical aid in light of strained traditional healthcare systems and broad social distancing measures throughout North America.
In August 2014, Team Cloud DX was confirmed as a top 10 finalist in the Qualcomm Tricorder XPRIZE out of 330 entrants. This three-year global competition offered a US$10 million prize purse to be distributed among the top 3 teams who could develop an autonomous vital sign data collection and remote diagnostic platform inspired by the famous medical “Tricorder” from the TV show Star Trek. Cloud DX’s entry, the VITALITI platform, was successful at diagnosing up to 19 separate health conditions, all by itself. The company, which was the only competitor representing Canada, received the first XPRIZE Bold Epic Innovator Award in April 2017. All the winning XPRIZE Teams share access to a multi-million dollar pool of grant funding provided by the Qualcomm Life Foundation and the Roddenberry Foundation to bring their inventions to market, administered by the University of California San Diego.
XPRIZE winning VITALITI Tricorder by Cloud DX
Cloud DX is commercializing three inventions based on their XPRIZE winning Tricorder. The Pulsewave 2.0 wrist cuff monitor can uniquely measure accurate blood pressure and average breathing rate simultaneously. The wearable VITALITI continuous vital sign monitor streams all the main vital signs including multi-lead ECG and non-invasive blood pressure to the cloud in real time, while their AcuScreen CA cough analysis smartphone application can detect respiratory disease based on the sound of a person coughing, and is in clinical trials to screen for tuberculosis, expected to be completed by 2022.
Immediate plans for the company include an intended public listing on the Toronto Venture Stock Exchange in early 2021 and the advancement of its innovation pipeline. Its strong patent portfolio strategically positions the company for significant investor potential and technological expansion.
Cloud DX’s management team combines years of experience in medical care, finance, risk management and web-based engineering. This dedicated team primes the company for significant telehealth advancement, product development and revenue growth.
Cloud DX’s Company Highlights
- Cloud DX is a virtual care and digital medicine company focused on providing innovative medical solutions to healthcare providers and patients alike. The company is committed to meeting the demands of patients while addressing the limitations of traditional healthcare structures.
- The company works to invent fully connected and cloud-based medical devices that monitor vitals and health data at competitive costs. Cloud DX works directly with doctors, healthcare providers, regulatory bodies and patients
- Cloud DX has received over a dozen awards for innovation, including Bold Epic Innovator in the Qualcomm Tricorder XPRIZE, “World Changing Idea” from Fast Company and most recently, finalist in the 2021 Edison Awards.
- Cloud DX is certified in Quality Management under ISO 13485, licensed to develop medical devices and software by Health Canada and registered (with 510k clearances) with the US FDA.
Cloud DX’s Key Products
Connected Health Kit
The Cloud DX Connected Health platform combines integrated telehealth monitoring software and high-tech medical hardware. Patients can record their vital signs, complete important surveys to answer questions from a personalized care team, access a curated health feed customized to their condition and have full control over their full patient history through the Cloud DX patient portal.
Cloud DX Connected Health Kit
Additionally, a typical Connected Health Kit comes equipped with a custom Android tablet, a Pulsewave wrist cuff blood pressure monitor, a wireless Bluetooth scale and a wireless pulse oximeter. Smart software in the privacy-compliant Microsoft Azure cloud detects changes to vital signs, survey answers or device use patterns and notifies caregivers so that immediate interventions can occur, improving health outcomes. This virtual care paradigm is an exciting innovation, aiming to answer the demands of a rapidly changing digital medicine landscape.
Pulsewave Wrist Cuff Health Monitor
The Cloud DX Pulsewave health monitor wrist cuff is a unique, connected medical device that allows users to immediately see their heart activity with clinical accuracy. The comfortable wrist cuff transmits the raw pulse wave signal to Cloud DX servers for analysis, producing heart rate, blood pressure, pulse variability, average breathing rate and a proprietary cardiac anomaly score.
“Total Anomaly Score is a novel screening tool that appears to have significant potential for identifying cardiac diseases. Possible clinical uses for this score are under active investigation at Cloud DX,” Chief Medical Officer Dr. Sonny Kohli noted.
The company expects to launch Pulsewave 2.0, a major upgrade to their original wrist cuff, in 2021. The new device is wireless, battery powered, with an on-board accelerometer and gyroscope, improving performance. Production of Pulsewave 2.0 is supported by a non-dilutive $1.75 million co-investment from the NextGen Manufacturing Supercluster.
Cloud DX’s Management Team
Robert Kaul – CEO, Founder & President
Robert Kaul has over 30 years of experience as an entrepreneur, and Cloud DX is his 6th startup. With a BSc in Biology and a certificate in Operations Strategy from MIT-Sloan, Kaul is recognized as an expert in creating and inspiring highly capable teams.
Dr. Sonny Kohli, MD – Co-founder & Chief Medical Officer
Dr. Sonny Kohli is an Attending Physician in Intensive Care and Internal Medicine at Oakville Trafalgar Memorial Hospital and an assistant clinical professor (Adjunct) of Medicine at McMaster University. In 2008/09, Dr. Kohli was an Astronaut Candidate at the Canadian Space Agency (CSA), where he was awarded a Scholarship to the Johnson Space Center.
Anthony Kaul – Co-founder & COO
Anthony Kaul is the founder & CEO of Higher Bracket Online Media, Canada’s only online resource for $100K careers. He has over 25 years of corporate leadership experience and is responsible for all day-to-day operations at Cloud DX including HR, Purchasing, Finance, Sales, Marketing, and much more.
Simon Selkrig – Chief Financial Officer
With more than 20 years of finance, accounting and strategic planning experience, Simon has worked in professional services, industrials, mining and resources, banking, and e-commerce sectors in Canada and internationally. In his new role, Simon will lead Cloud DX‘s finance department including finance, tax, capital, investor relations (IR) and strategic growth initiatives. Former CFO Stephanie Bird will continue to be available as an Executive Consultant. Simon joins Robert Kaul, CEO and Anthony Kaul, COO as a member of the Executive Team.
Nick Mulder – Head of Software
Nick Mulder has over 18 years of experience building web-based systems and over 12 years of experience building high-performance teams. Before joining Cloud DX, Mulder was the senior engineering lead that founded and grew the product and engineering team at Shopify Plus in Waterloo, growing the team from 4 to 400 in three years.
Sara Ross-Howe, BASc, MASc – Head of Research & Development
Sara Ross-Howe brings 16 years of experience developing advanced technology solutions for consumers. She started her career managing a team of scientists applying machine learning techniques to biomedical diagnostics. More recently, she spent over a decade managing a technology group creating audio and video recording solutions and cloud transcription for national court systems.
Protecting Data Worth Forging
SoLVBL Solutions (CSE:SOLV) is a technology company developing software as a service (SaaS) products designed to provide authenticity and security to existing data management systems, specifically digital financial platforms and information databases. SoLVBL is focused on developing data management and protection solutions designed for businesses with sensitive data worth forging, with potential applications in a number of industries.
The company’s flagship product, Q By Solvbl, is designed to encrypt and store a representation of the data, allowing seamless cooperation between businesses and users. By cryptographically sealing a representation of the data, rather than the data itself, SoLVBL is able to remain data agnostic and maintain an additional level of security. Q By SoLVBL can be used as a digital payment instrument, a means of fraud protection, or as a central authority for verifiable data repositories.
Q By SoLVBL is an enterprise-level data protection platform capable of processing over 150,000 transactions per second. The platform is offered through SoLVBL’s SaaS business model, which the company intends to expand through additional product offerings that leverage the Q by SoLVBL digital infrastructure. Q By SoLVBL is backed by a private blockchain to ensure the credibility of the data on the platform. By providing an immutable record of all data used, SoLVBL is able to operate the platform through compartmentalization without having direct access to the data itself, providing an additional layer of security.
The Q By SoLVBL system is designed to enable secure digital payments for existing banking systems. The company’s fraud prevention system was designed with incidents like the notorious Bangladesh bank heist in mind. The heist saw hackers withdraw over US$81 million from banks using the Society for Worldwide Interbank Financial Telecommunication (SWIFT) system, demonstrating the need for financial institutions to keep pace with the technological capabilities of hackers and cybercriminals.
SoLVBL Solutions’ Company Highlights
- Global fraud detection and prevention market is expected to grow from US$19.5 billion in 2018 to US$63.5 billion by 2023 at a CAGR of 26.7 percent
- Q By SoLVBL leverages a private blockchain to ensure an immutable representation of the data, without giving actual file access
- Representation of the data is cryptographically protected, ensuring all parties can rely on data presented on the platform
- ‘Q’ Platform can be adapted for additional security applications including the SWIFT network, B2B transaction improvements and data repository solutions
- Q By SoLVBL is capable of processing 150,000 transactions per second based on trials conducted by the company using the cloud
Q By SoLVBL
Q By SoLVBL is the company’s proprietary software designed to digitally “stamp” or “seal” data through encryption, enabling verifiable digital payments with fraud prevention and other security services. The Q By SoLVBL system can also be applied to varying types of digital data, enabling a verifiable data repository that can be relied upon by businesses utilizing the platform.
As shown by the Bangladesh bank heist, during which hackers escaped with US$81 million in stolen funds, there is a need for financial institutions to improve the security standards protecting their data. “Increasing revenue losses for organizations due to the rising fraudulent attacks, increasing use of electronic transactions across all the verticals and increasing sophistication level of cyber-attacks across all regions will contribute to the growth of the overall FDP market,” said Markets and Markets in a report on fraud detection and prevention. According to the company’s projections, the fraud detection and prevention market is expected to grow from US$19.5 billion in 2018 to US$63.5 billion by 2023 at a compound annual growth rate (CAGR) of 26.7 percent.
By providing an enterprise-level platform capable of quickly verifying data, including financial information, Q By SoLVBL has the potential to enable new levels of cooperation between businesses that can agree on the reliability of the information on the platform without the need to independently verify the data. In addition to financial services, the Q By SoLVBL platform can be adapted to serve any industry that relies on sensitive data worth stealing or forging. Whether the underlying information includes financial data, medical data, product specifications or pharmaceutical information, all forms of digital information can be immutably protected and referenced for trustless use between parties.
Moving forward, SoLVBL intends to continue to develop payment security and risk reduction applications for financial networks while also working to improve B2B transactions on the Q payment platform.
Solvbl Solutions’ Q Authentication Platform
SoLVBL plans to monetize its Q Authenticity Platform, including Q By SoLVBL, by collecting a percentage of financial transactions conducted on the network. The company also intends to offer tiered pricing for access to the network.
Moving forward, SoLVBL is working to develop a digital cheque that can be authorized and encrypted in order to improve the efficiency and safety of transferring funds in the digital domain. The company is also exploring the potential to apply its technology its technology to Next Generation 911, Chain of custody authentication for digital evidence and Supply chain sensors such as trackers.
SoLVBL Solution’s Management Team
Raymond Pomroy, CEO
An international manager, who has exceptional experience in business management and supply chain management (e.g. Make, Plan, Source, Deliver) primarily in UK, Holland) Canada and the US. Prior to joining Agile, Raymond had been working in a multinational consumer goods company for 30 years, and managed all elements of supply chain, including USD$2.8 billion in product supply, six factories in North America, and over 2,000 employees. He is experienced in supply chain strategy development, global supply, organizational redesign and implementation of restructuring, contract negotiations, and cost reduction activities. Raymond holds a Bachelor of Science and DIS from Loughborough University (UK).
Khurram R. Qureshi, CPA, CA, CFO
Khurram Qureshi brings over 22 years of experience in the field of accounting and corporate finance. Khurram qualified as a Chartered Accountant in 1990 and has held senior positions with several small to medium-size public companies. He has been a key member on several merger and acquisition teams.
Vikas Gupta, Director
Vikas is a seasoned executive with an entrepreneurial DNA and has a strong track record with private and public companies. He is well versed in gamification, digital distribution, video games, interactive entertainment and content. Additionally, he has also built very strong expertise in financings, the creation of unique revenue models, the monetization of complex technologies, leadership, and overall growth.
Musabbir Chowdhury, Director
Musabbir is an engineer who is a business, education and technology consultant with over 20 years of IT achievements. Musabbir is a former Professor at the Niagara College School of Business, and former director of Pi Lab, an innovation & productivity hub at Niagara College. Currently, Dr. Chowdhury is the Dean of Business at Fleming College in Ontario.
Brenda Brown, Director
Brenda is the former Senior VP of Global Talent Management at Compass Group PLC and has over twenty-five years of business experience in all aspects of Human Resource management in both union and non-union environments. As a member of the executive management team, Brenda was involved in key strategic business decisions and was responsible for the development of employee programs, corporate culture development and assisting in ensuring the success of the corporate vision.
Alan Rootenberg, CPA, CA
Alan Rootenberg is a chartered professional accountant who has served as the Chief Financial Officer of a number of publicly-traded companies listed on the TSX, TSXV, OTCBB, and CSE. These companies include mineral exploration, mining, technology, and companies in the burgeoning cannabis industry. He was also an investor in an early stage private cryptocurrency company. Alan has a Bachelor of Commerce degree from the University of the Witwatersrand in Johannesburg, South Africa and received his CPA designation in Ontario, Canada.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Solvbl Solutions and seek advice from a qualified investment advisor.
Full-Service Hosting and Energy Solutions for Blockchain and Cryptocurrency Mining
Blockchain technology is the backbone of cryptocurrencies. This secure ledger system has laid the foundation for the exponential growth of Bitcoin, Ethereum and other recognized cryptocurrencies. Even traditional sectors are exploring the transformative impact and reliable security blockchain technology has to offer. Market research forecasts worldwide spending on blockchain solutions to grow to an estimated US$15.8 billion by 2023.
All of these operations require networks of decentralized computers to record transactions and archive information. With the growing need for these data centers, investors and companies big and small are turning to data centers and equipment providers to ensure they have the infrastructure needed to succeed in the cryptocurrency and data mining space.
SkyChain Technologies (TSXV:SCT,OTCQB: SKTCF) is a Vancouver-based company providing data infrastructure services and power solutions. The company operates Internet Data Centers that host mining computers, known as ASIC miners or GPUs. Although not a direct cryptocurrency mining company, SkyChain provides full-service hosting and real estate through its wholly owned subsidiary data centers.
Businesses and data mining operations are in increasing need of powerful technologies to support their work. SkyChain works to provide the necessary infrastructure to host these businesses and connect these blocks and technologies to our daily lives. This symbiotic relationship could become more normalized as essential services continue to transition to online-first models.
SkyChain’s Sherbrooke Crypto Hosting Facility is a data center located in Quebec. This 48,000 square foot asset currently generates C$12 million in annual revenues. Additionally, strategic positioning in Quebec allows SkyChain to leverage low provincial electricity prices, potential facility expandability and maximized optimization.
In February 2021, SkyChain Technologies announced preparation to expand its data center services to include edge computing data centers, which would allow for high data applications such as cloud gaming and film rendering.
“Skychain’s deep experience in cryptocurrency mining has resulted in the development of our own unique high-speed equipment, venues and energy solutions suited perfectly to edge computing,” Skychain CEO Bill Zhang stated.
Additionally, the company intends on opening a promising new location in Manitoba in 2021. The site takes advantage of the cheap provincial electricity prices and 12MW facility permits that SkyChain already has in place.
Miningsky Technology Ltd, 100 percent owned by SkyChain Technologies Inc, would be the company’s next major large scale GPU miner and miner hosting solution provider in Manitoba. The all-in cryptocurrency and data mining hosting service provider would offer an electric power supply, regular maintenance of mining machines and mining performance monitoring.
The company’s primary focus is to become a leading player in the crypto and data mining hosting space. Since 2018, the company has conducted significant research and development to reduce costs from C$500,000 per megawatt to C$150,000 per megawatt. Skychain intends on growing to 100Mw of crypto hosting capacity in the future.
SkyChain’s Company Highlights
- SkyChain Technologies operates state-of-the-art internet data centers that host ASIC miners and GPUs.
- Currently provides full-service hosting and real estate through its wholly owned subsidiary data centers.
- The company’s subsidiary data center in Sherbrooke, Quebec currently generates C$12 million in annual revenues.
- SkyChain’s expertly engineered data centers and full-service mining equipment delivery strategically position the company for expansion into edge computing for high-performance, large data markets..
- SkyChain Technologies wholly owns Miningsky Technology Ltd, which performs research and development of miningsky equipment.
- Recently entered into an agreement with Synergy Global Consulting Corp. to establish a joint venture company Skyrendering Technologies Inc. to provide premier visual effects (VFX) rendering services to the film and entertainment industry.
SkyChain’s Key Subsidiaries
Sherbrooke Crypto Hosting Facility
SkyChain’s Sherbrooke Crypto Hosting Facility is a 48,000 square foot facility in Quebec. Constructed in 2018, the asset is currently operating at 70 percent capacity, with a target to reach 100 percent in the early months of 2021. The facility leverages Quebec’s excellent infrastructure and cheap electricity prices, offering 7 cents per kilowatt hosting services fees.
Internal operations host professionally designed ventilation through negative pressure shedding fans as well as a SCADA load shedding system, overnight security and 20 megawatt power consumption.
SkyChain’s collection of high-speed equipment and energy solutions primes the company for expansion into edge computing for high-performance data services. Likewise, the company’s state-of-the-art facilities strategically position the company to access new revenue sources with minimal upgrade and potential scalability costs. It hosts 5,000 miners and counting in current operations.
Miningsky Technology Ltd. — Manitoba Hosting Location
SkyChain’s prospective 12 megawatt Manitoba crypto hosting site is expected to open in 2021. Miningsky Technology Ltd. is 100 percent owned by SkyChain and provides the company with the potential for research and development, lab testing for new industries, and new revenue sources with Miningsky’s power and energy equipment.
Manitoba is an exciting jurisdiction to operate out of for Miningsky due to the cheap electricity and cold weather. SkyChain presently has all permits in place and has completed its due diligence in Manitoba with electricity costs of C$0.0467. Miningsky has fully customized and stabilized high-performance GPU miners, reliable miner hosting and energy solutions and rapid deployment with scalability.
SkyChain’s Management Team
Bill Zhang — President, CEO & Director
Bill Zhang is the architect behind Miningsky. He is the visionary that keeps Miningsky moving forward. With decades of comprehensive IT and Cloud computing experience, Zhang possesses an extensive network of working relationships that place Miningsky in a leading position in the rapidly evolving crypto industry.
Don Gordon — CFO & Director
Don Gordon has over 30 years of experience in the corporate financial analysis and business development sectors. He is currently self-employed as DAG Consulting Corp’s an independent corporate finance and due diligence consultant. Gordon is active in corporate and professional associations, involving liaison with institutional investors and fund managers. In the past 10 years, DAG Consulting has been instrumental in listing and financing over 30 public companies.
Xi (Walson) Wang — Director
Xi Wang has over 15 years of experience in management roles and has developed a broad skill set, including overseeing business operations, negotiating with vendors, developing lasting business relationships and achieving sales and revenue goals. Wang has been the president of It Asset Partners Inc. since 2013 and has designed a custom enterprise resource planning system, which helped to improve the flexibility and efficiency of operation. He led the cloud server management team and played a vital role in forging relationships and obtaining contracts with Lenovo, Nintendo, Acer, Avnet, Sprint and Time Warner Cable.
Tang Tang — Director
Tang Tang brings eight years of marketing and financial experience to SkyChain Technologies, providing innovative counsel on current technology trends. She obtained her Bachelor’s degree in Commerce from Peter B. Gustavson School of Business, University of Victoria.
Frederick Jung — Director
Mr. Jung will provide financial guidance to Skychain to continue the growth of its business operations. He is currently the Chief Financial Officer of Solar Flow-Through Funds. Mr. Jung’s extensive in corporate finance and strategic planning will be an invaluable contribution to Skychain Technologies Inc.
Kym Anthony — Advisor, Financial and Capital Markets
Mr. Anthony provides Skychain with extensive experience in financial markets. His career of more than 30 years includes roles as Chairman and CEO of TD Securities, Vice-Chair of Toronto Dominion Bank and President and CEO of National Bank Financial. Mr. Anthony also gained investment banking experience with CIBC/Wood Gundy and the Investment Dealers Association of Canada.
*Disclaimer: This profile is sponsored by SkyChain Technologies (TSXV:SCT,OTCQB: SKTCF). This profile provides information which was sourced by the Investing News Network (INN) and approved by Skychain Technologies in order to help investors learn more about the company. Skychain Technologies is a client of INN. The company’s campaign fees pay for INN to create and update this profile.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Skychain Technologies and seek advice from a qualified investment advisor.
Developing Low-code Platform Solutions
Alphinat (TSXV:NPA) is a software technology company developing platform solutions with a variety of applications, including its SmartGuide™ platform, which has been designed to integrate with any customer’s backend systems such as “relationship management (CRM)” through its open application programming interface (APIs). The company is developing a number of low-code solutions that can be integrated with existing applications and technologies such as encryption solutions, AI or blockchain type crypto currencies with a focus on automating design, control and deployment of secure digital services and platforms.
Alphinat’s SmartGuide is a low-code development solution that allows enterprise clients or their SIs to develop their mobile and digital applications. By enabling development of secure web applications and platforms, Alphinat can be used to help rejuvenate legacy systems with existing technical limitations or build new secure digital services. The Alphinat SmartGuide system allows for drag-and-drop development of an application, providing users the ability to preview, test and adjust layouts and designs using a sophisticated visual editor.
Alphinat offers its SmartGuide platform and proprietary CRM solutions through both perpetual sales agreements and software-as-a-service (SaaS) models, providing its clients with flexibility according to their business needs. Alphinat caters its software development solutions to enterprise organizations and government entities with complex digital service needs, including secure single sign-on (SSO) to protect their disparate records of information. As of 2020, Alphinat has secured agreements with over 30 municipal clients to provide its low-code SmartGuide platform as well as several state/provincial and federal governments.
In July 2019, Alphinat announced the company had signed an agreement with another member of the G7’s federal government, making that the fourth federal government to begin working with Alphinat and its SmartGuide platform. The federal agency has been provided with the entire suite of SmartGuide tools, including the SmartGuide software license files. Government organizations represent over 70 percent of Alphinat’s sales, with fintech companies and human resources organizations representing the remainder of its business.
Alphinat has partnered with a number of leading technology companies in order to optimize its platform offerings and reach, including Unisys, Atos, the Maplesoft Group and Calytera.
Alphinat’s Company Highlights
- SmartGuide platform enables clients to easily design applications through an easy-to-use drag and drop visual editor
- Partnered with four federal agencies from G7 countries to provide them with SmartGuide and its full suite of tools
- SmartProfile add-on allows clients to register an account and manage their digital credentials from a central platform
- Secured over 30 contracts with municipal clients, including many in the province of Ontario and across the USA.
- Alphinat announced in December 2020 the launch of a fintech green technology. With the cooperation of a Canadian provincial government, Alphinat has launched a Greenhouse Gas Registry for state and federal level governments looking to work with industry to reduce greenhouse gas emissions and provide a platform for financial management of these credits.
Alphinat’s SmartGuide™ Platform
Alphinat’s SmartGuide platform is a low-code development solution that enables enterprise clients to develop their own mobile and digital applications. SmartGuide is designed to be deployed in J2EE and .NET environments, allowing for applications that can be deployed as portlets, servlets, web parts, user controls or web services.
SmartGuide is designed to be compatible with leading cloud providers, enabling clients to deploy multiple applications on the same instance. Alphinat offers a platform-as-a-service (PaaS) edition of its SmartGuide low-code development solution, enabling potential clients to deploy applications to the cloud quickly and easily.
SmartProfile is an add-on for SmartGuide offered by Alphinat to allow clients to register an account and manage their digital credentials. Through SmartProfile, Alphinat aims to provide a Customer Identity and Access Management (CIAM) system capable of providing the optimal user experience without sacrificing security. Alphinat achieves this by offering a robust collection of security features, including multi-factor authentication (MFA), customizable session times, password age restrictions, password complexity requirements and IP address blocking after failed login attempts.
SmartGuide includes a signup system that can be adjusted to fit the exact requirements of the client. The platform comes loaded with a variety of predefined customer data fields that can be customized for any application. At the account management level, SmartProfile allows administrators to manage all account information with the ability to adjust user data and reset passwords. The platform comes with integrated CAPTCHA support to protect applications from spam and other automated attacks.
The SmartGuide platform is designed to allow for government & enterprise-level security and control over the applications it creates, including features such as AI, blockchain and unlimited bit encryption such as 1024-bit and two-factor authentication that are specifically designed to thwart identity and information theft.
Alphinat’s Municipal Services Platform
Civic Portal for Amanda is Alphinat’s digital platform designed to be integrated with Moneris, a leading payment solutions platform, allowing citizens and businesses to easily pay for licenses and permits using the platform. It incorporates into platform solutions such as Amanda and has the potential to enable seamless payment solutions that can be connected to additional payment gateways, depending on the use case.
The time and money necessary to facilitate in-person registrations and permitting systems can be significant, which led Alphinat to design a system that allows clients to take control of the process with a portal-based solution. Alphinat’s portal products can be built from scratch or a premade template, allowing clients to save time and money in the development process.
The Alphinat civic portal for Amanda comes loaded with a number of features that are designed for municipal registration and customer relationship management, including:
- An online wizard capable of quickly connecting citizens and businesses to the applicable licenses and permits
- Quick access options for advanced users that do not require back-end calls
- Complete login support including Remember me, Forgot password and Google reCAPTCHA functionality
- Self-service account creation including two-factor authentication (2FA) for enhanced security
- Guided search technology to improve user requests
SmartPortal for Dynamics 365 is a responsive and accessible digital portal that is capable of leveraging existing CRM data without the need for additional code. The SmartPortal has the potential to enable basic users to visually assemble a fully integrated portal in a WYSIWYG environment.
SmartPortal can be seamlessly integrated into other back-end systems using web services including SOAP and REST, or by using the .NET or Java API. Users are able to access this interface with a simple single sign-on (SSO) authentication system. The SmartPortal system comes loaded with features including automatic field creation, a WYSIWYG environment, flexible deployment options and multi-organization support. SmartPortal also supports existing .NET and Java-based portals including SiteCore, Kentico, WebSphere Portal and Oracle.
Alphinat’s Management Team
Eric David—Independent Director
Karyn Pellatt-Caron—Independent Director
Benoit Ste-Marie—Independent Director
Marcel Elefant—Independent Director
Denis Michaud—Chief Solutions and Security Officer
*Disclaimer: This profile is sponsored by Alphinat (CSE:NPA). This profile provides information which was sourced by the Investing News Network (INN) and approved by Alphinat in order to help investors learn more about the company. Alphinat is a client of INN. The company’s campaign fees pay for INN to create and update this profile.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Alphinat and seek advice from a qualified investment advisor.
Integrated Precision Mapping Solutions
Every year, inaccurate, unreliable, and incomplete information about subsurface infrastructure creates significant environmental, personal, and property damages. In 2019, the United States alone suffered over US$30 billion in societal costs due to damage to buried infrastructure globally. In the past two decades, the United States suffered 1,906 personal injuries and 421 needless deaths. In the face of the rising industry, government, and public insistence for precise underground location and mapping software, ProStar™ (TSXV:MAPS,OTCQB:MAPPF) is providing government agencies, infrastructure companies, and some of the world’s largest engineering firms precision subsurface and surface data for sectors like utility, oil and gas, construction, engineering, and surveying. With 19 issued patents, the ProStar system is compatible with virtually all mobile devices, GPS/GNSS receivers, and electromagnetic locators on the market.
ProStar captures, records, and visualizes survey-grade utility location data through cloud-based and mobile applications, a market estimated in 2019 as worth US$5.17 billion, growing by a compound annual growth rate (CAGR) of 6 percent. The same report states that by 2023, the global commercial utility locator market is expected to be worth US$7.5 billion.
ProStar’s on-demand, SaaS model, utility mapping solution dramatically streamlines internal operations for a growing number of companies in increasing numbers of industries. Increased industry and government recognition and acceptance of Prostar’s solution could not come at a better time – according to an analysis report released by the Common Ground Alliance (CGA), which analyzes damages to buried infrastructure throughout the US and Canada, environmental, property and human costs hit an all-time high in 2019. ProStar’s solution is a game changer on damage prevention through the use of its patented geospatial technologies, which includes the development of their patented Precision Mapping Solutions™ and flagship product, PointMan®.
ProStar’s cloud and mobile Precision Mapping Solutions™ immediately captures, records, and visualizes utility assets during planning, construction, and operational maintenance phases, which reduce costs and the odds of economic and environmental calamities.
With an increasing demand for reliable, new, and safe subsurface and surface utilities due to population growth and to replace decaying, unsafe historical infrastructure, the absolute best in location and mapping software is critical. In just the United States alone, hundreds of thousands of miles of fiber optic, water and gas and electrical lines are installed annually. And at the same time, over half a million infrastructural disruptions negatively impact the American economy and environment. ProStar’s accurate geospatial data collection and storage allows everyone to have accurate data, from field workers to COO’s and CEO’s
The core, multi-patented I.P. behind Prostar’s solution provides identification, capturing, mapping, storing, analysis, and visualization of underground utilities. ProStar’s key partnerships include companies with world-class expertise in mapping software and integration technologies, including Trimble Geospatial (NASDAQ:TRMB).
ProStar’s growing client list of Fortune 500 companies and local government agencies have attracted a significant Canadian investment/shareholder base in the Company and international investors from Europe, Asia, and the US. ProStar is currently being integrated into the engineering curriculums of several large, highly respected US universities.
ProStar has also partnered with multiple high-level hardware manufacturers of location tools to bring Prostar software into global markets. The Company has secured partnerships with tool manufacturers such as Radiodetection, Vivax-Metrotech, and Subsite. ProStar has a seasoned management and operational team with extensive experience in software development, DevOps, professional services, cloud computing, and customer success.
ProStar™ GeoCorp’s Company Highlights
- ProStar provides specialized solutions that bring to market state-of-the-art precision utility location and data software integrated on both cloud and mobile platforms.
- ProStar’s PointMan is a multi-patented software solution that captures, documents, and displays the precise location, pedigree, and geospatial intelligence of above and below ground utility assets.
- ProStar entered into a commercial partnership agreement with Condux InternationalPRISUM Technologies to create the most advanced installation and management services for the fiber optic and electric power industries.
- ProStar receives Canadian Patent No. 3,034,837 prepared and prosecuted by Lewis Roca Rothgerber Christie LLP
- WSB, a US-based design and consulting firm, signed a service-level agreement for ProStar’s cloud and mobile solution, PointMan®
- ProStar completed the integration of Subsite Electronics Pipe & Cable locators into the Company’s flagship application, PointMan®, allowing it to be used on iOS compliant devices.
- The City of New Hampton in Iowa becomes the first municipality to adopt ProStar’s PointMan ® cloud and mobile solution as its primary system of record (SOR) to manage its critical infrastructure
ProStar’s PointMan Plus solution is a remarkably user-friendly, intuitive mobile software application that works seamlessly within mobile networks. This enables field workers, Project Managers, CTO’s and CEO’s immediate, real-time access to every level of asset management processes, including their condition and precise location.
Streamlining intelligence onto a mobile and online platform allows project data to be digitally captured and recorded forever to ensure project requirements and regulatory standards. This seamless integration works with all major, globally recognized GPS/GNSS receivers with added features like importing KML files and a data dictionary.
With national distribution partners, PointMan Plus has been brought to market and is also available in app stores already. Currently, the software uses a SaaS model priced at $495 per year.
PointMan Enterprise is an intuitive software platform delivering innovative cloud technology and geospatial intelligence in an integrated system to improve asset management and overall internal business practices. The Enterprise is a combination of secure cloud services and an open geospatial engine and data collection technologies that provide real-time and streamlined integration with client incorporated systems. This solution costs approximately $100,000 per year.
Used both externally and internally with company operations, PointMan Enterprise offers unlimited storage capabilities and unlimited logins. It can be integrated into third party operating systems, including GIS or CAD. In addition, with ProStar’s use of OGC standards, (Open Geospatial Consortium), the ProStar Solution eliminates the issue of fragmented systems allowing for the visualization of critical data faster and more efficiently, no matter where it is accessed.
The software runs on the largest and most secure cloud infrastructure in the world. It uses patented integration tools to improve business processes and all phases of the asset management lifecycle. Businesses can access maintenance and repair reports, track project progress, and locate cable and pipe infrastructures digitally. With advancements in technology and the complex nature of construction industries, streamlining these processes is vital for the success of infrastructural projects, company communications, and overall business growth.
ProStar™ GeoCorp’s Management Team
Page Tucker – CEO and President
Page Tucker has an extensive background in technology start-ups, including development, marketing, recruiting, capital financing and executive management. Tucker first became known as a technology visionary in the automotive industry for combining data mining and predictive modeling with geographic information systems. Tucker was the founder of Impact Solutions, Inc., a Silicon Valley-based company he formed to provide state-of-the-art customer acquisition and retention solutions to the automotive industry. Tucker reorganized Impact Solutions and began e-auto business, the pioneer in developing a web-based CRM solution that provided services to well over 900 dealerships throughout the United States before being acquired.
Tucker went on to author several patents based on geospatial technology including the methods for capturing, recording and displaying the precise location of buried utilities and in 2014 founded ProStar Geocorp. In 2016 the Colorado Technology Association named him Entrepreneur of the Year for his efforts and innovations in developing Geospatial Intelligence Software. Today, Tucker continues to serve as the company’s CEO and President.
Vasa Dasan – COO
Vasa Dasan is responsible for building, managing and leading product management, software development, DevOps, professional services and customer success at ProStar GeoCorp. A veteran of driving technical strategy and execution in cloud computing, Dasan joined ProStar from CU Boulder, where he served as head of software development. Before that, Dasan was the VP of Engineering at Symplified, a single sign-on startup acquired by RSA a division of EMC-DELL and was the first engineering hire at Wayin, a mobile and web engagement platform founded by Scott McNealy. As CTO, Dasan built and led the team that developed Wayin’s services for iPhone, iPad and Android devices, social media applications including Facebook and Twitter, and Java backend services operating on Amazon Web Services.
Dasan spent more than 15 years of his career at Sun Microsystems. He served as chief technologist for the company’s Cloud Computing Practice, and he spent more than a decade as Distinguished Engineer and CTO for Sun’s $5.1 billion SunService division. Dasan holds a BS. in Engineering Physics, a MA in Mathematics and Statistics, and an MS in Computer Science from Bowling Green State University, and did his Ph.D. work in Computer Science at Colorado State University.
Carl Lashua – VP of Admin Services
Carl Lashua is a proven senior executive with extensive international experience building and leading information technology, operations and program management teams. Before joining ProStar, Lashua was with HSBC, one of the world’s leading global financial services companies. Lashua held various executive-level positions in both North America and Europe, including Program Director Global Change Delivery, Head of Software Delivery Europe, CIO France and CIO Canada. He has extensive experience leading teams providing business consulting, software engineering, enterprise technology deployment, change management and support services. He earned his Bachelor of Science (BS), Information Technology with concentrations in Economics and Business Administration from State University of New York College at Buffalo. Lashua has proudly served as a board member for several organizations, including The National Hospice Foundation, Canadian Payment Association, and the New York Cash Exchange.
Bill McIntyre – VP of Business Development
Bill brings over 20 years of IT services and SaaS solution business development experience. McIntyre first began his sales career selling IT business solutions & services with Origin Technologies, an ERP implementation and IT consulting division of Phillips. McIntyre went on to ReSource Partners, an ASP provider of PeopleSoft, CRM and data center solutions. He was awarded for both the highest revenue generation and the most improved customer service management. Before being recruited by ProStar, McIntyre was the National Business Development Manager for Willbros Engineering, a leader in energy infrastructure design, build and management services. McIntyre holds a BS in Marketing from the University of Cincinnati and is certified by Miller Heiman – Solution Sales and KARRASS – Contract negotiations “The Win-Win” training. He is also an active member of several industry organizations including, CGA, AGA, OGA and CTC (Columbus Technology Council).
Jason Martschuk – VP for Sales for Canada
Mr. Martschuk will be responsible for overseeing the sales of ProStar’s patented flagship mobile software application PointMan® for all of Canada. Martschuk brings over 20 years of sales, GIS, and project management experience to ProStar Canada. As Executive Management for Oracle’s Construction and Engineering Global Business Unit for Western Canada, a Senior Sales Executive with Hexagon PPM, and as a GIS Specialist and Project Manager with AMEC.
Rick Pevarski – Technical Advisor
Pevarski was the founder and CEO of Virginia Utility Protection Service (VA811), which provides one-call notification services for the Commonwealth of Virginia. The center notifies utilities of upcoming excavation work so they can locate and mark the underground facilities to prevent possible damage to underground utility lines in order to prevent injury, property damage, and service outages.
Before serving as CEO for 20 years of VA811, Pevarski was employed for 17-years at Roanoke Gas Company in Roanoke, Virginia , as Vice-President of Operations & Marketing. Pevarski served on the Board for the South Eastern Gas Association, was a member of the American Gas Association’s Gas Piping Technology Committee and served for 17 years on the US DOT Gas Piping Advisory Committee. In 2008, he received the Common Ground Alliance (CGA) Jim Barron Award for his contributions and dedication to the enhancement of underground damage prevention and public safety and later served on the Executive Committee of the CGA Board of Directors.
Rob Martindale – Technical Advisor
Mr. Martindale serves as Program Manager of Utilities and Railroads at the Colorado Department of Transportation (CDOT) and the Rules, Policies and Procedures Administrator. He also serves as Technical Council Chair on Utility Mapping, GIS & Data Management for the American Association of State Highway Transportation Officials (AASHTO).
Representing the Future of Diagnostic Imaging in Canada
Diagnostic imaging represents the cornerstone of modern healthcare, with availability and accuracy playing important roles in improving patient outcomes. However, access to cutting edge equipment, as well as a shortage of radiologists in small urban and rural hospitals across Canada, has led to a delay in the medical imaging process for patients that need it most.
By 2027, the global medical imaging market is expected to reach US$43.33 billion. One of the major movements within the Canadian healthcare industry involves establishing and maintaining a standard of consistent and efficient care across small, large, rural and urban hospitals. On average, nearly 30,000 patients require a CT scan every month in Ontario, suggesting an urgent need for teleradiology services that may decrease the delay for emergency room patients seeking immediate medical attention.
Leveljump Healthcare (TSXV:JUMP) (OTCQB: JMPHF), or JUMP, is a healthcare company that offers teleradiology solutions through its wholly owned subsidiary Canadian Teleradiology Services (CTS), which specializes in off-site readings of radiology scans on-demand, 24 hours a day and seven days a week. CTS has been active in the Canadian medical imaging sector since 2004 and provides reading services for a diverse range of medical imaging tests, including MRIs, CT scans, ultrasounds, X-rays and more.
Remote radiology was designed to overcome a shortage of radiologists and decrease wait times for emergency room patients. With this system, once a hospital conducts a radiology scan, scan results are immediately forwarded to CTS and analyzed by a team of qualified radiologists. All analyses are completed remotely using a secure server. Findings are then reported within 60 minutes in emergency cases and within 24 hours for elective work. On-site medical staff then rely on the findings to form an accurate diagnosis, informing subsequent treatment.
JUMP powers its remote teleradiology services by relying on multi-year contracts that offer automatic renewals, ensuring long-term partnerships with recurring revenue streams. By 2023, the company plans to increase CTS partnerships to a total of 112 Canadian hospitals, expanding across provinces and offering valuable services for private clinics that are severely understaffed. Over its 16 years of operation, CTS has demonstrated a strong financial performance, with existing positive cash flow coupled with 12-18 percent growth per year over each of the last three years.
The growing digital health market is transforming the delivery of healthcare to Canadian patients. JUMP is continually focused on new opportunities within the diagnostic imaging industry by investing in innovative, patented technology as well as securing the distribution rights for up-and-coming diagnostic imaging hardware. Similar teleradiology and telemedicine companies within the sector include HCA Healthcare (NYSE:HCA), MEDNAX (NYSE:MD) and Teladoc Health (NYSE:TDOC).
Healthcare is one of the few industries that is considered “recession-proof,” and diagnostic imaging represents one its core pillars. JUMP is now focused on targeting its remote radiology services toward independent health facilities (IHFs) with long-term plans of building a national chain of diagnostic imaging clinics. The company’s imaging center acquisition strategy is focused on consolidating a segmented industry that currently operates without a large regional presence. The company plans to establish a brand that referring physicians can depend on and that represents the very best of patient care.
Leveljump Healthcare’s Company Highlights
- LevelJump Healthcare is a healthcare company that offers teleradiology solutions through its wholly owned subsidiary Canadian Teleradiology Services (CTS).
- CTS provides 24/7 remote radiology services that offer a significant benefit toward severely understaffed hospitals and private clinics across the country.
- The company has shown organic growth from existing contracts.
- JUMP is focused on the acquisitions of private clinics (IHFs) with the long-term goal of establishing a dominant national provider of imaging services.
- LevelJump has closed its acquisition of 23.8 percent of the issued and outstanding shares of each of Shaw Vision Inc. and Shaw Lens Inc.
Canadian Teleradiology Services (CTS)
Diagnostic imaging represents a core pillar of Canada’s healthcare system, especially when faced with the country’s aging population. However, the demand for radiologists is increasing at a faster pace than the workforce is growing. Remote radiology represents one of the easiest ways for hospitals to keep their emergency departments well-prepared at all times.
JUMP owns and operates CTS, which specializes in offering 24/7 on-call remote radiology services. Over the past 16 years, CTS has established itself as a leader in emergency room radiology services.
CTS relies on a secure server and specialized software to transmit diagnostic images to a team of board-certified radiologists. The platform relies on technologies such as advanced graphics processing, voice recognition and image compression to support a prompt and accurate analysis.
CTS relies on dozens of skilled, board-certified radiologists and supporting staff to support immediate patient care. All CTS doctors, staff and workflows follow PIPEDA, HIPAA, local regulations and other patient and technology privacy requirements. CTS radiologists specialize in MRI, CT, PET, US, NM, MAMMO, X-ray and BMD modalities and offer expertise in emergency room care.
Leveljump Healthcare’s Management Team
Mitch Geisler – CEO, Chairman
Mitch has been the CEO of CTS since 2010 and has overseen its operations and growth to one of the leaders in the Canadian teleradiology space. Mitch is a seasoned entrepreneur in multiple sectors including healthcare, mining and hospitality. Mitch has built companies from the ground up and has extensive experience in operations management and oversight. He has experience implementing policies and procedures, directing marketing and growth strategies, and providing initiatives for long term corporate success. Mitch is a graduate of York University where he earned a Bachelor of Art degree in History.
Rob Landau – CFO, Director
Rob has been working as a consultant to CTS since 2009 and became its CFO in 2019. He has advised on its operational growth and accounting matters. Rob has many years of experience with corporate finance and structuring, corporate accounting and auditing as well as working with start-up companies. Rob has a great ability to think outside the box to assist in problem solving, securing funding and creating structured corporate vision and focus. Rob has a Bachelor of Commerce degree from the University of Toronto specializing in Actuarial Science and Corporate Finance.
Sandra J. Hall – Director
Sandra Hall has provided financial, administrative and executive services to numerous publicly traded companies independently since 1996 ranging from President of EnerNorth Industries Inc., an American Stock Exchange listed company, to secretary and director of TSXV Canadian Capital Pool companies Good2Go Corp and Good2Go2 Corp. As such, Hall has extensive practice in corporate secretarial, financial administration and regulatory and investor communications for public and private companies. Throughout her career, Hall has also held various directorships and executive positions in reporting issuers including: Corporate Secretary and Comptroller of Novicius Corp.; President of EnerNorth Industries Inc; Secretary, Comptroller and Director of API Technologies Corp.; Director of TNK Resources; Special Committee Member and a Director of Quarry Oil & Gas Ltd; and a director of Rally Energy Corp. Hall has a comprehensive understanding of financial statements, accounting practices, audit committee responsibilities and reporting requirements in Canada and the United States.
Jeff Stevens – Director
Jeff is the CEO of Psyched Wellness, a Canada-based health supplement company trading on the CSE that is focused on the distribution of functional mushroom and associated consumer packaged goods. He is a seasoned capital markets and deal structuring professional who has taken several companies public, including Datametrex AI Limited, Graph Blockchain, New Wave Esports and Psyched Wellness via reverse takeovers on various Canadian stock exchanges. He has also advised on numerous M&A opportunities. Jeff has held both senior officer and director roles with public companies including: Co-Founder, President and COO of Datametrex AI Limited; Interim CEO of Graph Blockchain; Director of New Wave Esports; and Director of Global UAV Technologies.
Building A World-Class Esports Agency
GameSquare Esports (CSE:GSQ) is the parent company of Code Red Esports, a leading esports talent and marketing agency that increased turnover from $2 million in 2018 to $3 million in 2019. The company has also been nominated by Esports Awards as the Top Supporting Esports Agency of the Year.
In 2020 alone, esports has generated more than 495 million viewers worldwide with an expected audience of 600 million by 2023. Many esports tournaments are now offering millions of dollars gathered through prize pools—the International Dota 2 Championships offered US$18.4 million in 2016, US$34.3 million in 2019 to its winners and this year the prize pool has already exceeded $40 million and continues to grow.
The global esports market is valued at just over US$950 million. By 2023, global esports market revenue is expected to reach US$1.6 billion. High-profile brands such as Samsung, PUMA, Nike (NYSE:NKE) and Coca-Cola (NYSE:KO) have all provided major esports sponsorship opportunities, both online and offline. For example, Coca-Cola is the official non-alcoholic beverage sponsor of the Overwatch League (OWL) while Nike recently struck a four-year deal with the League of Legends Pro League (LPL). League of Legends is the most-watched esport in the world.
Esports agencies such as Code Red introduce much-needed infrastructure to an industry undergoing rapid growth. Agencies represent influencers, on-screen talent and players, securing sponsorships, navigating media rights, improving stability and maximizing revenue. While mainstream media channels have only recently caught wind of the fast-growing industry, GameSquare’s Code Red has been established in esports since 2003. The agency represents more than 75 influencers, players and on-screen talent.
GameSquare’s management team offers decades of expertise in finance and corporate strategy. The company’s CEO, Kevin Wright, commented, “I see tremendous potential within the agency business by expanding relationships with top talent and with leading global brands trying to reach an important group of consumers that are loyal to authentic gaming and non-gaming brands. Furthermore, there is a tremendous opportunity to acquire companies serving the esports market that we believe can benefit greatly from access to capital as part of the GameSquare group of companies.”
The company has contracts with leading global gaming and non-gaming brands and GameSquare management has indicated that it intends to acquire leading esports assets to expand their highly scalable platform. As the esports industry continues to grow with what seems like unstoppable cultural momentum, companies like GameSquare and Code Red are well-positioned to capitalize on the influx of new players, viewers and branding opportunities.
Gamesquare also expanded its relationship with Dexerto as a strategic partner for the collegiate Esports series. The company also announced that the Gaming Community Network (“GCN”) has agreed to an expanded commercial agreement with Dexerto. Through the CGN, Gamesquare has signed a sales partnership with Even Matchup Gaming (“EMG”). EMG owns and operates major esports events, including Get On My Level, the largest fighting game tournament in Canada and Let’s Make Moves, the largest Super Smash Bros. event in the New York Area.
In May 2021, the company added legendary skateboarder, entrepreneur, and philanthropist Tony Hawk as a strategic advisor. Mr. Hawk continues to push the limits of his sport, and his iconic video game franchise is a longtime global success.
GameSquare’s Company Highlights
- The global esports market is worth more than US$950 million and is expected to grow to US$1.6 billion by 2023.
- GameSquare is the parent company of Code Red Esports, a leading esports talent and marketing agency that represents more than 75 influencers, players and broadcasters.
- Code Red increased turnover from $2 million in 2018 to $3 million in 2019.
- Esports agencies such as Code Red introduce infrastructure to the fast-growing esports industry by representing influencers and players, securing sponsorships, navigating media rights, and maximizing stability.
- Code Red has contracts with leading global gaming and non-gaming brands and GameSquare management has indicated that it intends to acquire leading esports assets.
- GameSquare Esports reports +97 percent year-over-year revenue growth in Q1 2021 as Esports engagement sets global records.
- TimTheTatman, one of the most popular esports personalities with more than 18 million social followers, has joined Complexity, a part of the GameSquare Esports group of companies.
GameSquare’s Code Red
Code Red Esports is a UK-based esports agency with a global presence. Since 2003, the company has organized major esports events, sourced and hired high-profile talent, broadcasted shows with over 1 million viewers, managed prominent esports teams and launched a number of successful marketing campaigns. The company has also played a prominent role in some of the largest esports events of all time, including Blizzcon, Quakecon and Dota 2’s The International.
Code Red Esports represents talent from some of the most popular games in esports, including Counter Strike: Global Offensive, Dota 2, Rocket League, Hearthstone, Overwatch, StarCraft, League of Legends and many more.
Code Red Esports increased turnover from $2 million in 2018 to $3 million in 2019, and was profitable in both years. The company represents more than 75 influencesr, players and broadcasters. They’ve established a number of strong relationships across the esports ecosystem and were nominated at the Esports Awards as Top Supporting Esports Agency of the Year in 2019.
GameSquare’s Management Team
Justin Kenna – CEO
Mr. Kenna most recently served as Chief Financial Officer for FaZe Clan, a leading esports brand, ranked by Forbes as one of the most valuable esports organizations worth more than US$300 million. Justin brings considerable experience in esports, digital media and digital agencies in the United States and Australia and has deep expertise in finance, strategy, and operations.
Paul Bozoki – CFO
Paul is a highly experienced CFO of private and public companies listed on the TSX and TSXV. He has more than 25 years of experience in finance, accounting and tax matters.
Jan Neumeister – Head of European Operations
Mr. Neumeister, who has nearly two decades of experience in media, digital marketing and the monetization of assets, has been at the forefront of a content revolution and has guided brands, platforms, and talent through the complexity of new media in esports, sports and entertainment. Mr. Neumeister will be tasked with driving organic revenue growth in the European Union and identifying cross-selling opportunities with the Company’s North American operations.
Christopher Kindt – Chief Marketing Officer
Chris Kindt is an accomplished, award-winning marketer and recipient of 9 Cannes Lions with nearly three decades of experience as a partnerships, marketing and communications, and operations professional and has a tremendous network of business contacts at some of the largest companies globally. Chris has also helped to develop and execute some of the most progressive marketing campaigns ranging from Red Bull Stratos to American Express Small Business Saturday to Apple Computer’s “Think Different” campaign.
Drew Brunson – VP of Partnerships and Activations at GCN
Drew Brunson joins GCN from UMG Media, a division of Engine Media Holdings, and Caesar’s Entertainment Corporation where he led the esports practice. He is an experienced esports and marketing professional with a history of increasingly senior roles. Mr. Brunson adds additional bench strength to an already experienced and well-connected team of professionals at GCN.
Nanotechnology Using Molecularly Imprinted Polymers (MIPs) With Multi-Market Applications
Sixth Wave Innovations (CSE:SIXW,OTCQB:SIXWF,FSE:AHUH) is a nanotechnology company that uses patented Molecularly Imprinted Polymers (MIPs) for detecting, capturing and purifying substances at the molecular level.
MIPs are synthetic polymers uniquely designed to capture and extract target materials from a background of other materials by a combination of engineered electrochemical methods to attract the materials to the polymer and templating or creating a pocket in the polymer that has the physical size and shape of the target material to ensure that only those materials are captured. Systems utilizing MIPs are developed and owned completely by Sixth Wave Innovations with multiple patented/patent pending protections in over 40 countries worldwide. With massive expertise in the chemical industry and broad vertical patents, there are huge market implications for commercial scaling and revenue opportunities.
Sixth Wave Innovations captures several verticals that can appeal to multiple industries and market segments. The most notable sectors include health and wellness and mining. Sixth Wave Innovations’ patented purification and extraction systems, including Affinity™ for cannabinoid purification and IXOS® for mining, have unique MIPs designed for each sector and individual end-users. These solution offer savings in capital expenditures and operating costs as well as higher yields affording Sixth Wave Innovations’ customers substantial upticks in profitability. This translates into the potential for more efficient and effective extraction that is more stable, less expensive and yields a purer and cleaner end product. Sixth Wave Innovations’ solutions also provide unlimited scalability, which is a challenge with current technology.
For example, this has made the company poised to replace antiquated traditional extraction methods in the cannabis production and gold mining sectors, delivering process improvements, cost savings and higher yields. With the Affinity™ extraction system, Sixth Wave Innovations has gained international interest with inquiries for installation from licensed cannabis producers for over 250 units.
This technology replaces traditional methods of purification including winterization, multipath distillation, decarboxylation, and chromatography, which involves excessive plant footprint allocation, complex instrumentation with a slow turnaround, and significant product loss. Affinity™ technology can reduce this product loss and lead to higher purity of THC and CBD while providing a simplified streamline of the traditional process of extraction at an eighth of the cost.
For gold mining, Sixth Wave Innovations has created patented technology for the isolation and separation of gold and silver. While traditional extraction methods involve activated carbon, Sixth Wave Innovations’ IXOS® is extraction based on MIPs. IXOS® offers a number of advantages over activated carbon including, lower CAPEX/OPEX, lower energy consumption, six times faster elution and recovery, higher precious metal recovery due to higher efficiency and lower attrition. This is significant as gold prices continue to rise amidst a global pandemic. Sixth Wave Innovations has repeatedly demonstrated with on-site pilot testing that it can add approximately USD$125/oz to its customers bottom line and expects its portion, based on its sales model, to be approximately 30% of that savings leaving a total revenue opportunity for Sixth Wave Innovations of USD$4.7 billion per year. With this market opportunity even modest market penetration could push the Company to a billion dollar valuation.
Sixth Wave Innovations’ MIPs also have the potential for use in medical applications, including re-thinking Personal Protective Equipment (PPE) and the detection of viruses like COVID-19. Through the development of a rapid virus detection platform using MIPs, testing could be made available through point-of-use screening at high volume, and PPE could be enhanced in its protective capabilities.
Through partnerships with NeoCon International, Centre Technologique des Résidus Industriels (CTRI) and The Natural Sciences and Engineering Research Council of Canada (NSERC), Sixth Wave Innovations is in development of both point-of-care tests and their Smart Mask™, the incorporation of virus detection technology in both N95 compliant and other masks. Moreover, since virus detection utilizing Sixth Wave Innovations’ technology will allow virtually instantaneous detection via colorimetric or electronic detection, Sixth Wave Innovations will be able to seamlessly provide integration into contact tracing systems,. Proof of concept is expected by the end of 2020, and commercialization through global rollout is planned for 2021.
Sixth Wave Innovations Company Highlights
- Sixth Wave Innovations is a nanotechnology company that uses patented Molecularly imprinted Polymers (MIPs) for detecting, capturing, and releasing substances at the molecular level.
- Proof of concept of Smart Mask™ is expected by the end of 2020, with a global rollout of AMIPS rapid virus detection planned for 2021.
AMIPS technology could be implemented for less than C$5, with the ultimate goal of the project to apply this platform or technology to new viral threats quickly and at mass-production levels.
- Systems are developed and owned completely by Sixth Wave Innovations and protected with patented/patent pending in over 40 countries worldwide.
- Sixth Wave Innovations’ IXOS® extraction based on MIPs targets specific molecules in the desired metal, eliminating the need for regeneration, which is faster, less expensive and can yield higher purity gold with the potential for more capacity.
Affinity™ technology can reduce product loss and lead to higher purity of THC and CBD while providing a simplified streamline of the traditional process of extraction at an eighth of the cost.
- With extraction system Affinity™, Sixth Wave Innovations has gained international interest with inquiries for installation from cannabis producers from over 250 units.
- Sixth Wave Innovations also acquired 100 percent of the outstanding common shares of Geolithic Corp, which was established in January of 2017 as a joint venture between TriLateral and Sixth Wave to exploit the latter’s technology for the extraction of lithium from geothermal brines located primarily in the Salton Sea area of California.
- Sixth Wave Innovations also engages Alberta Center for Advanced MicroNanotechnology Products (“ACAMP”) to integrate Radio Frequency (“RF”) technology with the company’s Accelerated Molecularly Imprinted Polymer (“AMIPs™”) virus detection technology, to create smart prototypes such as the company’s proposed SmartMask™
Sixth Wave Innovations Key Technologies
AMIPS: MIPs for the Rapid Detection of Viruses
In response to the global pandemic, Sixth Wave is developing a rapid single-use test can detect SARS-CoV-2 easily and on-site within seconds. Past the immediate COVID-19 threat, the ultimate goal of the project is to produce a rapid response capability so that the AMIPs technology can be utilized to address other existing and emerging viral threats.
The proposed platform would involve the detection of infection through electronic (such as radio frequency identification – RFID), colorimetric, or fluorometric methods. Here, a test strip would be exposed to breath or bodily fluid, and a simple binary (yes/no) test would rapidly indicate the presence or absence of the virus. The test would allow for high volume, point-of-use screening in the public sector, private industry, hospitals, long -term healthcare facilities, and various forms of public transportation. As a completely synthetic test there are no bottlenecks in production and no need to harvest antibodies which are still grown in animals that must be sacrificed.
Ongoing research could also lead to huge potential changes for testing styles, accuracy in the detection of antigens and viruses and how this technology can be applied to real-world situations. With implementation costs for this technology being as low as C$5, masks could help businesses/schools identify exposures visually or detect ongoing infection for lengths of time.
In early 2020, Sixth Wave partnered with NeoCon International and is currently in development of Smart Mask™, the incorporation of AMIPs for rapid virus detection into an N95- compliant, or other mask/respirators. This technology will provide enhanced protective capabilities of a mask with added interactive capability of alerting the user of the presence of the target virus in their exhaled breath.
Proof of concept of Smart Mask™ is expected by the end of 2020, with a full global rollout planned for the middle of 2021.
Sixth Wave Innovations Management Team
Jon Gluckman — President, CEO & Director
Jon Gluckman brings a 25-year track record of innovative, technology-driven achievements to his role as President of Sixth Wave. As founder and CEO of Integrated Dynamics, a government engineering services company since 1996, Dr. Gluckman focused on the development and subsequent transition of advanced technologies into commercial applications. As the leader of 6th Wave since 2012, Dr. Gluckman has concentrated his efforts to complete IXOS®, in the metals processing industry. Dr. Gluckman holds a Ph.D. from the University of Cincinnati.
Sherman McGill — Executive VP & CDO
Sherman McGill is a seasoned sales and business development executive with a documented track record of developing and closing multi-million dollar development programs (R&D), product sales and training services to high profile US and international customers. McGill is spearheading business development efforts to lead Sixth Wave into becoming one of the world leaders in Molecular Imprinted Polymer (MIP) nanotechnology.
Aristotle Kalivretenos — CSO
Aristotle Kalivretenos is responsible for new product development and commercialization of Molecularly Imprinted Polymers (MIPs) for Life Science Applications, including pharmaceuticals, natural products, food safety, healthcare and drug detection. Kalivrentenos performed a postdoctoral fellowship focusing in the CNS area at Columbia University after earning his Ph.D. in organic chemistry from Colorado State University and a BS in chemistry from Clemson University.
John Cowan — COO
John Cowan started his career as an engineering craft apprentice and additionally gained many years of relevant college education including a BS Honors Degree in Mechanical Engineering, Cowan progressively used his education and experienced gained from over 25 years with the Eaton Corporation in Europe and the USA to contribute in all levels of leadership within the operations engineering and quality disciplines.
Dr. Garrett Kraft — Vice President of Innovations
Dr. Kraft has been with Sixth Wave since July 10th, 2017 and is spearheading multiple initiatives in the Company, including the development of the Company’s AMIPs product for pathogen detection, including the SARS-CoV-2 virus, and managing the companies Intellectual Property portfolio. Dr. Kraft earned his Ph.D. from the University of Connecticut in Polymer Science and has over a decade of polymer synthesis experience. Dr. Kraft is named as an inventor on many of Sixth Wave’s patents since joining the company.
Peter Manuel—Interim Chief Financial Officer
Mr. Manuel brings over 30 years of financial management experience, having spent 17 years in public practice as a chartered accountant and 12 years as Chief Financial Officer of Ucore Rare Metals Inc. Mr. Manuel will continue in his role as Director of Sixth Wave, in which he has served since January of 2020.
Sokhie Puar—Board of Directors
Mr. Puar, with over 30 years in the public markets, has worked in various capacities in both public and private companies in a variety of sectors, including mining, oil and gas, technology, education and clean energy. Most recently, Mr. Puar held the positions of CEO, Chairman and Director of Candelaria Mining Corp. from February 2012 to September 2017. During his tenure, Candelaria Mining Corp. raised in excess of $28 million and acquired several mining projects in Mexico. Mr. Puar is currently the Lead Director of Else Nutrition Holdings Inc., a company which he helped go public. Since going public in June of 2019, Else Nutrition has raised over $41 million. Mr. Puar also sits on the board of Adcore Inc., a technology company in the digital advertising space.
Dr. David Fransen — Board of Directors
Dr. Fransen has served on the Company’s Advisory Board since June of 2020. Dr. Fransen’s career spans 40 years in various roles including senior executive positions in government, academia and the diplomatic corps. Dr. Fransen has provided strategic leadership across a wide range of economic policy and program sectors as a senior official at the Privy Council Office and Health Canada, as an Assistant Deputy Minister at Industry Canada, as the first Executive Director of the University of Waterloo’s Institute for Quantum Computing, and as Canada’s Consul General in Los Angeles.
Developing the Innovative Data Protection Solutions of the Future
Oculus VisionTech (TSXV:OVT,OTCQB:OVTZ,FSE:USF1) is a technology company focused on developing innovative data privacy solutions within the growing data governance and compliance markets. The company’s Forget Me Yes solution is a software as a service (SaaS) platform that aims to streamline how companies handle data and navigate complex regulatory environments. Oculus VisionTech is targeting the global RegTech market that is expected to reach US$55.28 billion by 2025 expanding at a compound annual growth rate (CAGR) of 52.8 percent according to Markets and Markets.
Today’s companies are expected to keep pace with modern data protection regulations. While these regulations vary by jurisdiction, modern governments continue to assess and pass new laws regarding data privacy. For example, Europe’s General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) represent two of the most stringent systems of data regulation in the world. These regulations empower individuals and organizations with the right to access and request the deletion of personal information—otherwise known as the right to be forgotten, or the right of erasure.
Regulations like the GDPR and the CCPA allow individuals to submit what’s known as a data subject access request (DSAR), which must be fulfilled within a certain timeframe and cannot require a fee. A DSAR response on behalf of an organization typically includes access to personal data, a lawful basis for its possession, and the names of third parties that share its access, among other relevant details.
The GDPR is arguably the most challenging compliance framework businesses could encounter. The average cost of compliance for organizations across all industries is US$5.47 million, however, these costs can vary significantly based on the digital infrastructure needed for compliance. The growth of the data governance market can be attributed to growing privacy concerns among the public as well as the risk of non-compliance penalties, which are often substantial. The importance of data privacy and protections took the mainstream by storm in 2018 when data analytics firm Cambridge Analytica was revealed to be harvesting the Facebook data of tens of millions of users. The data was then allegedly used to influence the United States’ Presidential Election. While the cost of the Cambridge Analytica scandal remains incalculable, a recent GDPR breach survey estimates more than 175 million Euros has been collected in GDPR fines since 2018.
On average, non-compliance costs businesses upwards of US$4 million. Importantly, non-compliance costs more than twice the cost of maintaining compliance, incentivizing companies to get ahead of the regulatory challenges involved with handling digital data. Oculus VisionTech is hoping to streamline compliance with a data privacy tool that guarantees the right to be forgotten by targeting long-term data storage that has been held for backup and recovery purposes. “Our Right-To-Be-Forgotten platform will address the requirements of data privacy regulation implementing a modern platform to ensure compliance across an organization’s entire array of data processing capabilities,” said CEO Rowland Perkins. “We are excited to incorporate innovative data protections into the Oculus product offering. As a developer of next-generation data protection and security offerings, we see a synergy between Oculus and the Right-To-Be-Forgotten Platform and our team will be examining unique applications and market opportunities for Oculus.”
Since the GDPR was implemented in May 2018, organizations have been forced to adapt to comprehensive compliance legislation and growing privacy concerns. In addition to the GDPR, the COVID-19 pandemic has forced both public and private sectors to rethink data privacy once more. In particular, the rapid transition between in-office and remote work has forced many IT departments to remain compliant while large portions of the workforce transition to remote workspaces. As businesses continue to rely heavily on digital systems to maintain and protect their data, Oculus VisionTech aims to provide secure solutions to both protect and permanently delete sensitive information.
Oculus VisionTech’s management team consists of industry experts who have held high-level positions at corporations such as Sony, HP, and Amazon Web Services. The company plans to leverage its experience and expertise in the tech industry while continuing to develop and market its innovative products and services. President and founder Michael Johson in particular is a tech industry veteran, creating Oculus VisionTech after spending time as the Business Development Director with the Archival Solutions Division at Sony Electronics.
Oculus VisionTech’s Company Highlights
- Forget Me Yes platform is designed to secure, protect and delete sensitive information used by corporations with data-heavy business models
- The RegTech market is expected to reach US$55.28 billion by 2025 expanding at a compound annual growth rate (CAGR) of 52.8 percent
- The average cost of compliance for organizations across all industries is US$5.47 million
- The approximate cost to non-compliant businesses is double the estimated cost of implementing compliant systems and platforms
- The growth of the data governance market can be attributed to growing privacy concerns, especially those driven by the Cambridge Analytica scandal
- Forget Me Yes platform is compliant with the GDPR, the most stringent data privacy protection legislation in the world
- President and CEO Michael Johnson brings significant experience to the team, including time spent as Development Director with the Archival Solutions Division at Sony Electronics
- Recent agreement with NOX Co. Ltd. to introduce the ComplyScanTM cloud-backup compliance reporting and Forget-Me-YesTM data privacy management products through Japan and Asia-Pacific (APAC) wide sales channels.
- Agreement with Nitech to introduce the ComplyScanTM cloud-backup compliance reporting and Forget-Me-YesTM data privacy management products to their Western US-based SMB and Enterprise customers.
Oculus VisionTech’s “Forget Me Yes” Platform
Data privacy has always been important, however, increasing public awareness and government action have turned privacy into a highly-publicized issue. Growing concerns about how personal data was being used by massive corporations came to a head in the first half of 2018, when Facebook’s Cambridge Analytica scandal captured the attention—and outrage—of the media, the public, and most importantly, regulators around the world.
In May 2018, the GDPR took effect for any organization operating within the European Union as well as its business partners. In practice, the data protection methods outlined by the GDPR can be costly and burdensome, however, the costs of fines and repairs to non-compliant systems can be even heavier.
Oculus VisionTech is developing a SaaS platform designed to meet the complex compliance requirements set forth by the GDPR and similar data governance legislation. The platform guarantees the right to be forgotten by ensuring that personal data is stored in a way that neither the customer nor a third-party service may gain direct access. The Forget Me Yes platform does this by “remembering” what information to “forget” through the encrypted protections and automatic systems of deletion.
The platform will follow what is commonly referred to as zero-knowledge protocol with end-to-end encryption, whereby only the subscriber can access their personal data. The Forget Me Yes platform is designed to help businesses avoid non-compliance fines while satisfying consumer concerns over data protection and privacy.
The Forget Me Yes platform is on track for deployment by the first quarter of 2021. The worldwide market for privacy management software reached US$5.2 billion in 2018 and is expected to grow at a CAGR of 13.7 percent between 2019 and 2027. The global market for GDPR services alone is expected to reach US$4.04 billion by 2025 with a CAGR of 23.4 percent.
The global market for data compliance management may continue to grow due to the rapid transition between in-person and remote work catalyzed by the COVID-19 pandemic. As organizations continue the search for data privacy tools that are easy to implement while remaining reliably effective, Oculus VisionTech is aiming to fulfill this need with its upcoming SaaS platform.
Oculus VisionTech’s Management Team
Rowland Perkins – President, CEO, and Director
Mr. Perkins was formerly the President & Chief Executive Officer of ebackup Inc. (2001-2015) (a private corporation), a digital cloud data service provider specializing in cloud services, data backup and business continuity. Mr. Perkins has over 45 years of business experience and 30 years with various public companies. Mr. Perkins is a director of one other publicly trade company: Corvus Gold Inc, since August 2010, he is a former director of Xiana Mining Inc. (TSXV) from 2011 to 2018, and of International Tower Hill Mines Ltd. from 2005 to 2010. Mr. Perkins is also a director of Blue Rhino Capital Corp. and Lamaska Capital Corp. Mr. Perkins has a degree in Economics from the University of Manitoba.
Anton J. Drescher – CFO, Secretary, and Director
Mr. Drescher has been a Chartered Professional Accountant, Certified Management Accountant since 1981. He is currently involved with several public companies including as: a director (since 1991) of International Tower Hill Mines Ltd., a public mining company listed on the TSX and the NYSE-MKT; a director (since 1996) and Chief Financial Officer (since 2012) of Xiana Mining Inc., a public mineral exploration company listed on the TSXV; a director (since 2007) and the Chief Financial Officer of Oculus VisionTech Inc., a public company involved in watermarking of film and data listed on the TSXV and the OTC Bulletin Board; a director (since 2014) of CENTR Brands Corp., a public company listen on the CSE; a director (since 2020) of Blue Rhino Capital Corp., a public company listen on the TSXV; a director (since 2020) of Lamaska Capital Corp., a public company listed on the TSXV. Mr. Drescher is also the President (since 1979) of Westpoint Management Consultants Limited, a private company engaged in tax and accounting consulting for business reorganizations, and the President (since 1998) of Harbour Pacific Capital Corp., a private company involved in regulatory filings for businesses in Canada.
Michael Johnson – President and Co-Founder
Mr. Johnson is a business development executive who co-founded and is currently President of OCL Technologies Inc., a wholly-owned subsidiary of Oculus VisionTech. A data protection and compliance market entrepreneur, he has been actively involved in the creation of regulatory-compliant data storage solutions for the Financial Services, Healthcare, Government, Insurance and Media & Entertainment markets. Prior to OCLT, Michael was a Business Development Director with the Archival Solutions Division at Sony Electronics, providing thought-leadership for the introduction of ExaByte-class enterprise storage solutions to the Autonomous Vehicle/IoT, Big Data and high-performance compute markets worldwide.
Tom Perovic – Director and CTO
Mr. Perovic has over 30 years of experience in high technology management, from research and development to high-level and top development and executive positions in businesses including automotive industry, in particular in developing and releasing autonomous driving AD Perception products , and ADAS (Advanced Driver Assistance Systems), based on AI – Machine/Deep learning models, for major OEMs, including Daimler, BMW, Toyota, Honda Ford and GM, electronics (embedded hardware, imaging/video processing based products), real-time automotive grade, functional safety compliant embedded software development, running on intelligent RTOS (Real Time Operating System), sensor fusion (camera, LiDAR, Radar, ultrasonic) data capture, and real-time processed by deep learning Neural Networks, Internet centric streaming video content (movies) watermarking products for the entertainment industry, machine vision, IP based video communications, PCB production/development equipment, professional video (TV broadcasting), Internet imaging, security video surveillance, contract manufacturing, material handling/logistics and production/distribution. He has been a co-founder, President and CTO of ASPRO Technologies, a digital security/surveillance technology start-up from 1992-2002, General Manager of Magna International Inc. and Global Director of Engineering at Magna Electronics (Magna Vectrics) from 2002 to 2018 where he was responsible for restructuring since a takeover, P/L, development strategy, operational team building and leadership, and since 2018 till present Sr. Director, Toronto Automotive Center of Excellence (TACoE), LeddarTech Inc, LiDAR high technology company. He established TACoE AI based AD/ADAS/Perception division of LeddarTech from scratch, including building the scientific, engineering, and vehicle integration and quality teams, OPEX and CAPEX. Tom has been instrumental in several technology companies M&A process.
Kevin Yorio – Investor Relations
Kevin Yorio has been working in the technology sector for 20 years. Mr. Yorio started CCG Telecom in 2004 and has grown it to be an international provider of telecommunications products and services. CCG Telecom primarily focuses on Voice Over IP services specifically Microsoft Teams. Mr. Yorio also has a background in raising money for emerging public companies on the OTC Bulletin Board, and TSX Venture exchange. In addition to CCG Telecom Mr. Yorio also owns other small business’ interest. Mr. Yorio lives in Westerly Rhode Island.
Empowering Innovation through Machine Learning and Artificial Intelligence
Digital media and marketing technologies are constantly evolving, with social media apps such as TikTok, Snapchat and YouTube experiencing growth, especially during the pandemic and with the adoption of Artificial Intelligence. Influencer marketing also thrived in 2020, and the industry is expected to grow to US$13.8 billion in 2021, which shows how powerful social media marketing has become. For investors looking into this space, established digital marketing companies that know how to work with social media are an impressive proposition.
DGTL Holdings (TSXV:DGTL) is a venture capital asset management company focused on acquiring and accelerating transformative and disruptive social media, marketing and advertising technologies (martech / adtech), powered by Artificial Intelligence (AI).
DGTL stands for Digital Growth Technologies and Licensing and the company specializes in acquiring and advancing fully commercialized enterprise-level B2B software-as-a-service (SaaS) platforms in key growth categories, using a range of unique capitalization structures.
DGTL’s mission is two-fold. First, to build a diversified portfolio of high growth and disruptive digital media and martech SaaS for investors – filling a gap in the micro and small capital markets Second, to create a wall garden ecosystem of digital media/marketing technology to offer a full-service platform to their Fortune 100 level brands, like ABInbev and DraftKings.
DGTL’s mission is to help brands and agencies optimize their digital marketing efforts by leveraging the power of AI technologies. Tracking digital trends and evolving with changes in digital media, martech and adtech will also allow DGTL to create personalized and long-lasting relationships with influencers and content creators.
The company’s first acquisition is #HASHOFF, an innovative and scalable self-service SaaS solution for brands and agencies. It provides marketers with the tools to leverage the gig economy and engage with over 140 million potential freelance creatives and content creators.
Additionally, this proprietary technology leverages an amplified measurement center. This solution enables companies full access to data and analytics to enhance their brand online and in the space of digital marketing.
In February 2021, DGTL announced it had signed a new campaign activation surrounding the NCAA March Madness sporting event. The following month, the company revealed it was awarded a new social media marketing campaign contract from a globally recognized consumer packaged goods brand. Achieving high-quality contracts with big clients like these pushes DGTL forward in the digital media and advertising space.
With a grasp on evolving trends in social media and the overarching digital space, DGTL aims to take a significant position in this market.
- DGTL Holdings is a technology-focused M&A and investment company aimed at acquiring and advancing emerging technologies in digital media and advertising. Significant industries include social, mobile, gaming and streaming
- The company empowers global brands through story-telling and innovative, fully commercialized enterprise SaaS solutions to optimize advertising and connection with the right content creators.
- DGTL’s flagship solution, #HASHOFF, is a platform that allows brands and agencies to recruit online creatives through commercial partnerships.
- In February 2021, the company announced a video-based social media activation campaign centered around the 2021 NCAA Men’s basketball championship. This campaign spotlights influencers engaging with the event.
#HASHOFF is an enterprise-level self-service SaaS solution for brands and agencies looking to engage with the digital marketing industry. It is built on proprietary AI and machine learning technology and designed to empower brands by identifying, managing and recruiting top-ranked digital content creators and media creatives online.
#HASHOFF consists of two proprietary solutions on its platform. The “IAM” component allows companies to search and discover the best content creators for their brand. Using context signals and machine learning, companies efficiently find the right creatives. The “Create Marketplace” component offers the tools to create a unified marketplace to connect brands and potential content creators. This solution utilizes the power of storytelling and user experience on various social media platforms to optimize the discovery process.
Future plans for #HASHOFF include software development for video-based influencers operating on platforms like TikTok, Snapchat and more.
DGTL Holdings’ Management Team
Former executives from Rocketfuel, Quantcast, Yahoo, IPG, Hearst, AOL-Time Warner, etc.
Michael Racic — CEO
+20 years of experience and background, both as a media executive and communications planner, combined with his expertise as a programmatic tech, is the kind of mix essential for valuing the impact of AI solutions in a highly competitive digital media/adTech culture. He is a frequent speaker and is regularly published across the global advertising technology, and digital media sector. SVP Director of Agency Partnerships and Category Strategy at RocketFuel and EVP of head of global planning with UM and J3.
Scott Davis, CPA, CGA — CEO
Scott Davis is a partner of Cross Davis & Company LLP Chartered Professional Accountants, a firm focused on providing accounting and management services for publicly-listed companies. His experience includes CFO positions of several companies listed on the TSX Venture Exchange and senior management positions. Also, he is currently serving on several public company management teams. Davis has vast public company and capital market experience.
Steve Goldberg, MBA — CEO
+25 years of executive search and recruiting experience in the Digital Media/AdTech space. He has worked as a former executive with firms in Telecom, Education/Training, and “Big-4” Public Accounting fields. MBA in Finance from New York University and earned his CPA while working for KPMG. Steven Goldberg is currently acting as the Co-Owner and Managing Partner of Media Recruiting Group.
Charles Thomas — CSO of #HASHOFF LLC
With 35 years in digital media and advertising focused on senior executive development strategy, and management of national sales teams, Charles Thomas is a pioneer in Adtech, with Time Inc. in 1995 (later Time-Warner AOL). Former VP Ad Sales at Broadcast.com, working for Mark Cuban, and helping to launch one of the most successful IPO’s in history at the time, Regional Sales Vice President for Yahoo, Sales Strategy contractor for Facebook and SVP Sales Centro.
John Belfontaine — Founder & EVP of Corporate Development
+15 years as a serial entrepreneur and corporate development executive for private and publicly traded companies. He was the founder of DGTL Holdings Inc., and of many more companies. He also worked as a Retail Wealth Product Manager, Empire Life Financial, and executive for national and regional CPG brand program management with several Fortune 100 companies. Former Director on Phivida Holdings Inc. (CSE.VIDA) and Co-Founder of CoachellaGro (sold to Mohave Jane (CSE.Jane).
David Beck — Independent Director
+20 years of experience in the public capital markets, leading TMT investment banking at three boutique investment dealers, and a renowned technology financial analyst in both New York and Toronto. He has been leading and investing in, many private technology companies over the last 25 years. Finally, he worked as a director for several public companies. Director on several public company board of directors, including Quadron Cannatech Corporation (QCC-CSE)Pivot Technology Solutions Inc. (PTG-TSX), Basis100 Inc. (BAS-TSX), and CRS Robotics Corporation (ROB-TSX). MBA from Ivey Business School (UWO) and a B.Sc. Honours (Engineering Physics) from Queen’s University.
Brendan Purdy, J.D — Independent Director
Brendan Purdy, J.D., is a practicing securities lawyer focused on the resource, cannabis, and technology sectors. In his private practice, he has developed experience with respect to public companies, capital markets, mergers and acquisitions, and other facets fundamental to the natural resources, cannabis, and technology sectors. He is also the former CEO of Enforcer Gold Corp. (TSXV: VEIN), High Hampton Holdings Corp. (CSE: HC), and Tidal Royalty (C.RLTY), and director of several public companies.
Developing Disruptive Biofarming Technology for the Cannabis Industry
BioHarvest Sciences (CSE:BHSC), a biotechnology innovator, is targeting the international market demand for natural products that provide consumers with functional health and wellness. This includes consumer products ranging from foods enriched with active ingredients like antioxidants to cleaner and more consistent cannabis products. BioHarvest Sciences has developed biofarming, a proprietary breakthrough patented technology, capable of naturally-producing the active ingredients of a plant without having to grow the plant itself. The company has already proven the technology in the rapidly growing nutraceuticals market focusing on dietary supplements and the functional food and beverage ingredients market. Products such as BioHavest Sciences’ VINIA®, which is based on red grapes, has clinically- proven functional benefits, has already positively impacted the lives of thousands of Israelis and is approved for sale in the US.
The global cannabis market is expected to reach US$66.3 billion by the end of 2025, according to a report by Grand View Research. A large portion of the growth has been driven by the adoption of cannabis in the pharmaceutical industry as new products have been developed to treat severe medical conditions such as cancer, Parkinsons, Alzheimers and arthritis. However, issues with consistent cannabis supply can affect the long-term growth of the industry as more countries initiate cannabis programs and legislative reforms, posing potential difficulties for licensed producers to provide enough high-quality products to meet the demand.
Providing Patented Cannabis Extraction Processing Services
Nextleaf Solutions Ltd. (CSE:OILS,OTCQB:OILFF,FWB:L0MA) is Canada’s most innovative cannabis extractor, developing technology for extracting and distilling cannabinoids. Nextleaf’s industrial-scale extraction plant in Metro Vancouver has a design capacity to process 600 kg per day of dried cannabis biomass into distilled oils. The company owns a portfolio of over 50 issued patents and over 55 pending patents for the extraction and distillation of cannabinoids. Nextleaf Solutions commercializes its patent portfolio through IP licensing and the wholesale of THC and CBD oils through Nextleaf Labs, a Health Canada licensed standard processor.
Projects and Products
Since its inception, Nextleaf has been focused on developing and protecting intellectual property on methods and hardware for the industrial-scale extraction, purification and refinement of cannabinoids. The company is also developing formulations and technology that enables the novel production of cannabinoid-infused products. Nextleaf continues to innovate and grow its existing patent portfolio of over 50 issued and 55 pending.
Through an agreement with Nextleaf Labs, Nextleaf is commercializing its core extraction technology at its licensed facility which is capable of processing up to 600 kilograms of dried cannabis biomass per day using Nextleaf Solution Ltd.’s patented, custom, closed-loop chilled-ethanol extraction and purification system. The patented process and equipment yield a tasteless, odorless cannabis concentrate that can be manufactured at scale, standardized for dose, and ready for infusion in premium value-add products. As part of its commercial extraction operations, Nextleaf Labs has entered into a supply agreement with a multi-licensed cannabis producer in British Columbia. Under the terms of the agreement, Nextleaf has agreed to supply 50 kilograms of THC distillate to the purchaser.
Nextleaf Solutions’ Company Highlights:
- First public company granted a patent for the industrial-scale extraction, refinement and purification of cannabinoids.
- Health Canada Standard Processing Licence and Research Licence.
- Two extraction agreements signed in April 2020 to process 25 metric tons of cannabis biomass, equaling less than 15 percent of capacity.
- Commenced revenue in December 2019 through a patent licensing agreement.
- Closed oversubscribed $3 Million Non-Brokered Financing in May 2020.
- Has over 50 issued patents and over 55 pending patents for extracting, purifying and delivering cannabinoids.
- Intellectual property encompasses the end-to-end process, as well as proprietary pieces of equipment used for the refinement of crude extract and the formulation of purified THC and CBD distillate.
- Nextleaf has an exclusive technology licensing agreement with BevCanna Enterprises (CSE:BEV), who utilizes the technology to manufacture a range of cannabinoid-infused beverages in their BC bottling facility with an annual capacity of over 30 million bottled beverages. Nextleaf is expected to supply cannabinoids to BevCanna under the agreement.
- Fully licensed, centralized extraction processing facility, located in Greater Vancouver. 6,540 square foot facility with Phase 1 capacity to process up to 600 kilograms per day of cannabis biomass to high purity distillate.
- National Research Council Grant through the Industrial Research Assistance Program (IRAP) for the development of unique processing techniques for removing chlorophyll and other impurities from crude oil extracts.
- Sustainable Development Technology Canada (SDTC) $2.5 million consortium with Terramera for replacing toxic chemical pesticides with pesticides derived from natural products.
- Natural Science & Engineering Research Council (NSERC) partnership with the University of British Columbia (UBC) and British Columbia Institute of Technology (BCIT), for the development of methods pertaining to repurposing incinerated cannabis waste biomass for industrial construction.
- Completed bulk sale of premium THC distillate to a BC-based licensed cannabis processor.
- Signed a cannabis extraction agreement with Eve & Co. (TSXV:EVE, OTCQB:EEVVFF) in November 2020.
Nextleaf Solutions’ Management Team
Paul Pedersen, MBA — Co-Founder, CEO and Director
Paul has been focused on the cannabis industry since 2013, consulting for a variety of cannabis companies and investors, including Canada’s first cannabis oil producer and leading seed-to-sale software provider. Paul holds an MBA (finance) from Michigan State. Founder of NASDAQ: TWER.
Charles Ackerman, CPA, CA — CFO and Director
Charles has been in the cannabis industry since 2015 having worked with Canada’s first licensed commercial producer. He has successfully assisted a number of companies in transition from private to public markets, develop and execute growth strategies, with private and public companies and family offices across Canada. Charles holds a Chartered Professional Accountant designation.
Ryan Ko — Co-Founder and CTO
Ryan has been in the cannabis industry for over 15-years. In that time he has developed deep expertise and intellectual property within extraction technology, leading to one of Canada’s first patents for cannabis extraction and distillation. Ryan is one of the early innovators of the legal medical cannabis program in Canada.
Dr. Sherry Boodram, Ph.D — Non-Executive Director
Sherry is the CEO and Co-Founder of CannDelta Inc., where she is responsible for providing regulatory expertise and developing strategies to ensure regulatory compliance within Canada’s existing cannabis framework. Previously she was a Senior Regulatory Compliance and Enforcement Office with Health Canada’s Medical Cannabis Program. She contributed to field level input during the drafting of the current Cannabis Regulations.
Tim Gillis, CPA, CA — Non-Executive Director
Tim is an experienced leader in the healthcare and pharmaceutical technology sectors. He is the former CEO of STI Technologies (“STI”). Tim steered STI through a period of dramatic growth, which culminated in the sale of the business to IQVIA (NYSE: IQV) in 2017. Throughout his career, which includes senior roles with Stantec (TSX: STN) and Clarke (TSX: CKI) he has completed over $345MM in mergers and acquisitions.
Optimizing CBD-Rich Hemp For Emerging Applications
Asia Green Biotechnology Corp (CSE:ASIA) is an agricultural technology corporation focused on the creation, cultivation, production and application of high-quality and specialized hemp strains in emerging Asian markets. The company is focused on five emerging use applications of hemp and hemp by-products: food, fibre, fuel, pharmaceutical and foundational materials. Driven by the global trend towards the legalization of cannabis, a new awareness of the versatility and viability of products derived from hemp is increasingly causing use of the plant and its by-products to be considered in a number of industrial applications.
Asia Green intends to pursue this opportunity by developing and offering a diverse range of hemp strains and hemp-derived products. In cooperation with its technical partners, the company is working to develop its organic hybridization technology which has the potential to lead to the development of new hemp-based products tailored for specific applicationss. Initially, Asia Green has established cultivation partnerships with a particular focus on Cambodia and Thailand in pursuit of low-cost cultivation conditions that have the potential to facilitate optimal hemp crop growth.
According to research conducted by Research and Markets, the global industrial hemp market is expected to grow at a compound annual growth rate of 34 percent from US$4.6 billion in 2019 to US$26.6 billion by 2025. The Asia Pacific region accounted for the largest amount of industrial hemp production in 2018, partly due to the area’s reliance on hemp as an input in the textile and paper industries. Asia Green believes the temperatures and balanced intervals of sunlight in certain regions of Asia are optimal for hemp cultivation, providing another potential competitive advantage over similar hemp producers.
As a renewable source material, hemp has the potential to reduce costs in industries capable of incorporating the plant into existing compounds and formulations. Asia Green is currently focused on developing strains that can be cultivated for specific needs including hemp-based foods, fibers, fuels and foundation materials. The company has secured a licensing agreement with InPlanta Biotechnology, a research and development team based in Alberta. InPlanta operates a state-of-the-art cannabis and hemp research and development facility in collaboration with research partners, licensed producers and government agencies at the University of Lethbridge.
Asia Green Biotechnology has also entered into an agreement with Swysh Inc, an Alberta company conducting cannabinoid-based research. The company owns proprietary technology and intellectual property related to the creation of topical treatments for a variety of ailments, including anti-viral and preventative healthcare applications. Under the terms of the agreement, Asia Green is participating in R&D activity based on Swysh’s intellectual property, enabling the company to test and market products derived from this research in the company’s licensed territories.
“Through the InPlanta license agreement, we have seen ACC expand its business activities in Asia in a positive way. By entering this license agreement with Swysh, we believe the Company will be in a position to significantly expand that activity with access to potential cannabinoid-based treatments and other elements which have the potential to be of significant benefit to populations of the region,” said Dr. Igor Kovalchuk, director of Asia Green. Dr. Kovalchuk is also a director and the controlling shareholder of Swysh.
Asia Green Biotechnology’s Company Highlights
- Proprietary organic hybridization technology allows for strains to be bred to produce specific traits optimized for common use-cases
- Partnered with InPlanta Biotechnology to develop hemp strains optimal for use as food, fuel, fiber, and foundation materials
- Global industrial hemp market expected to grow from US$4.6 billion in 2019 to US$26.6 billion by 2025 according to Research and Markets
- Asia Pacific region accounted for the largest amount of industrial hemp production in 2018
- Licensing agreement with Swysh, enabling Asia Green to participate in R&D activity based on Swysh’s intellectual property
In March of 2020 Asia Green Biotechnology announced a licensing agreement with Swysh Inc., a research and development team based in Alberta. Under the terms of the agreement, Asia Green has been granted a license to deploy Swysh’s proprietary technology and intellectual property for the purpose of research, development, testing and further validation of potential applications.
“Swysh and its partners continue to actively research and develop the protocols and, by extension, specialised treatments, associated with these new cannabinoid lines, extracts and their related applications. In addition to the domestic research programs we are implementing, we hope to expand on the network being developed by ASIA in Asia to continue the thorough research and development process on the use of hemp extracts for prevention of SARS-CoV2 infection, especially at a time when such significant need exists for preventative and therapeutic treatments for COVID-19,” said Swysh CEO Dr. Igor Kovalchuk, who also operates as a director at Asia Green.
Asia Green has also secured a licensing agreement with InPlanta Biotechnology, a research and development team based in Lethbridge, Alberta. Under the terms of the agreement, Asia Green has the right to access the intellectual property and associated research and development information gained by InPlanta at its University of Lethbridge facility in southern Alberta.
The InPlanta research center includes greenhouses, breeding rooms and labs to facilitate the continued optimization of its proprietary strains. The company works with research partners including licensed producers, government agencies, and private companies such as Asia Green. InPlanta has already developed an extensive catalog of strains available to its partners, including high-CBD hemp strains with significant potential for industrial hemp products.
Moving forward, Asia Green intends to work in partnership with both Swysh and InPlanta to improve its hemp varieties, optimizing strains to produce specific qualities in accordance with the growing use cases for medical, nutritional and industrial hemp. By using the data available to Asian Green through its partnerships, the company intends to leverage its organic hybridization technology while developing new products for the hemp market.
Asia Green Biotechnology’s Management Team
David E.T. Pinkman — President, CEO and Director
David Pinkman BA, LLB, founded, operated and was Executive Chairman of Jupiter Power International Inc., an independent power production company which successfully built and operated a number of power plants in Cambodia and SE Asia. Mr. Pinkman has participated in the management and ownership of a number of companies in his recent career. Previously, he was the Interim Chief Executive Officer of Synstream Energy Corp., a corporation specializing in the application of gas-to-liquids technology in the oil industry, from August 21, 2017 until December 29, 2017 and served as a director from May 2007 until present. He is the Chief Financial Officer and a director of International SoftRock Oil Company Limited, an oil and gas E&P firm which had operations in West Africa, and has been so since February 2015. He is and has been a director of Builders Capital Mortgage Corp. since March 28, 2013. Mr. Pinkman has served on the boards of a variety of local volunteer organizations, and continues to serve as a director and Treasurer of Wild Rose Motocross Association and is a director of the Canadian Motorcycle Association.
Johannes J. Kingma — Director
Mr. Kingma is a self-employed businessman who has served as CEO of a private investment company (2006 – ) and President, Chairman, and a Director of Synstream Energy Corp. (TSX-V:SHM), since 2007. He has also served as director and officer of a number of private and public companies (2004 – 2010). Prior to this, Mr. Kingma was a Partner, sales manager and investment advisor with IPO Capital Corp., and was similarly a registered investment advisor with Canadian Western Capital Limited.
Vincent E. Ghazar — Chief Financial Officer and Director
Mr. Ghazar has served CFO and Director of Asia Cannabis Corp. from early 2018. Mr. Ghazar has a professional accounting practice (2014 – ), is the Controller of Synstream Energy Corp. (2013 – ), and CFO and VP Finance of Standard Exploration Ltd., both public companies. He has advanced training in compliance, regulatory and governance practices and has extensive IFRS and GAAP experience.
Igor Kovalchuk, Director
Mr. Kovalchuk has served as an Asia Cannabis Corp. Director since mid-2018. He is the co-founder of Inplanta Biotechnolgy Inc. (est. 2015), founder of genomics company Plantbiosis ( est. 2010), and a (co)founder of Pathway Rx (est. 2016). Presently, he is a Professor and the Board of Governors Research Chair at the University of Lethbridge, Department of Biological Sciences (2001 – ) and Board of Governors’ Research Chair in Plant Biotechnology (2007 – ). He is also an executive member and Scientific Leader of Alberta Epigenetics Network (2014 – ), and a Director of Next Generation Sequencing Facility (2010 – ).
Dr. Darryl Hudson, P.H.D, Director
Dr. Hudson is a principal of InPlanta Biotechnology Inc. and received a PhD in Molecular Biology and Genetics from the University of Guelph in 2010. He has published research in diverse fields including plant biology, genetics, epigenetics, DNA repair mechanisms, and carcinogenesis. He primarily works as a consultant and researcher helping producers in many countries to optimize genetics, cultivation processes and quality assurance protocols in the cannabis industry.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Asia Green Biotechnology Corp and seek advice from a qualified investment advisor.
Commercializing the Graphene Revolution
G6 Materials Corp. (TSXV:GGG,OTCQB:GPHBF) provides high-tech graphene solutions for a variety of commercial, research and military applications at low costs. Through the company’s wholly-owned subsidiary, Graphene Laboratories Inc., G6 Materials currently offers over 100 graphene and graphene-related products to over 14,000 customers worldwide through the company’s e-commerce website. Some notable clients include NASA, Ford Motor Co. (NYSE:F), GE (NYSE:GE), Apple (NASDAQ:AAPL), Xerox (NYSE:XRX), Samsung (KRX:005930), Harvard University, IBM (NYSE:IBM) and Stanford University.
G6 Materials has also developed a proprietary technology that encompasses the preparation and separation of atomic-thin graphene platelets. The company currently has eight US patents pending for the technology. The energy-efficient technology sorts and classifies graphene nanoparticles, which allows for low-cost and large-scale production of high-grade graphene.
G6 Materials’ technology has a variety of applications in sectors such as automotive, construction, green energy and fiber composites. However, the company is looking to penetrate the fiber composite market with its innovative products. According to a Markets and Markets report, the fiber composites market is expected to reach US$115.43 billion by 2022. The use of composites is on the rise in the wind energy, aerospace, defense, marine, transportation, construction and infrastructure industries due to the high strength and reduced cost that composites offer.
To this aim, G6 Materials has established a research partnership with a company based in Singapore. The goal of the program is to use graphene’s unique properties to improve the performance of the glass and carbon fiber composites used to build marine vessels.
Over the course of 2020, the company has strengthened its intellectual property (IP) portfolio by securing a range of IP rights, such as: the filing of a patent application for a graphene-oxide antiviral coating for HEPA air filters; the granting of a patent for a technology to make 3D printed materials for energy storage devices; a patent for a multi-segment 3D printing filament for the commercial distribution of complex structures made from different materials; and a patent for process of synthesizing trifluoroketones.
G6 Materials’ Company Highlights
- G6 Materials provides high-tech, low-cost graphene solutions for a variety of commercial, research and military applications.
- The company offers over 100 graphene and graphene-related products to over 14,000 customers worldwide through the company’s e-commerce website.
- Notable clients include NASA, Samsung, Harvard University, IBM and Stanford University, among other Fortune 500 companies and top research organizations.
- The company is targeting the fiber composite market, which is expected to reach US$115.43 billion dollars by 2022.
- G6 Materials has three patents granted in the US for its technology and has six patents pending.
- The technology allows for low-cost and large-scale production of high-grade graphene.
- An R&D agreement is in place with a Singapore-based company to improve the performance of the glass and carbon fiber composites used to build marine vessels.
- G6 Materials’ management team owns 20 percent of the company’s shares.
- G6 Materials closes acquisition of all membership interests of GX Technologies.
The Market and Uses for Graphene
Graphene was first produced in 2004 when professors at the University of Manchester used scotch tape to peel flakes of graphene off a chunk of graphite. The material has many applications due to its conductivity, strength and lightness, making graphene valuable in a variety of industries. According to Research and Markets, the graphene market is expected to surpass US$1 billion by 2023. Graphene’s electronic applications are primarily fueling growth in the market, and China is expected to be a dominant player. Accelerated global electric vehicle (EV) sales and the increased adoption of graphene as a fiber composite are also expected to play a role in the market’s development.
G6 Materials’ Technology and Products
G6 Materials has developed a patent-pending technology that encompasses the preparation and separation of atomic-thin graphene platelets. The energy-efficient technology sorts and classifies graphene nanoparticles, which allows for low-cost and large-scale production of high-grade graphene. G6 Materials’ technology has a variety of applications in sectors such as cryptocurrency mining, automotive, construction, green energy and fiber composites.
G6 Materials’ facility in Ronkonkoma, New York houses its technology and an industrial-scale filament production line. The building facilitates the relationship between the company’s product development team and cutting-edge academic researchers. G6 Materials has formed partnerships with world-class research institutions such as Brookhaven National Laboratory and Stony Brook University, which are located nearby. The company’s proximity to its partners provides G6 Materials with local talent, advanced scientific equipment and lends credibility to its operations and technology.
Through the company’s wholly-owned subsidiary, Graphene Laboratories, G6 Materials currently offers over 100 graphene and graphene-related products to over 14,000 customers worldwide. The products are available through G6 Materials’ e-commerce platform, the Graphene Supermarket. The company’s clients include numerous Fortune 500 tech companies and major research universities, such as NASA, Ford Motor Co., GE, Apple, Xerox, Samsung, Harvard University, IBM and Stanford University.
G6 Materials has commercialized a conductive graphene filament that allows users to 3D print electrically conductive components using almost any commercially-available desktop 3D printer. The filament can be used to 3D print circuitry, capacitive touch sensors and electromagnetic and radio-frequency shielding. G6 Materials has also developed a line of adhesive materials that are distributed under the G6-Epoxy trade name.
G6 Materials’ Strategic Partnerships
Singapore R&D Agreement
G6 Materials has signed an R&D agreement with a Singapore-based company to develop a graphene-based composite material that can be used to manufacture marine vessels. The goal of the program is to use graphene’s unique properties to improve the performance of the glass and carbon fiber composites used to build marine vessels. To date, G6 Materials has completed 50 percent of the project’s deliverables. This includes the improved strength of the resin, which translates to a 14-fold improvement of the fracture toughness and 20 percent less water absorption, resulting in a longer service life of the material used.
“The second half of this project will be dedicated to shaping our formulation and converting it into a value-added solution with clearly defined application uses for our customer. We are positioning the company and leveraging our R&D strengths to secure major partnerships within large established industries that continue to grow and evolve,” said G6 Materials co-CEO Daniel Stolyarov.
Upon completion of the project, G6 Materials and its research partner plan to evaluate business opportunities for the new formulation. G6 Materials is expected to get priority consideration for any sales contracts obtained by its research partner. The agreement does not restrict G6 Materials’ use of the formula outside of its marine vessel and structure applications. G6 Materials hopes to expand its relationship with its research partner as work progresses.
G6 Materials’ Management Team
Daniel Stolyarov – President and CEO
Dr. Daniel Stolyarov holds a Ph.D. in Physical Chemistry from the University of Southern California and an M.Sc. in Physics and Applied Mathematics from the Moscow Institute of Physics and Technology. He has expertise in nanomaterials and the formulation of nanocomposites, as well as experience leading the technical branch of Graphene Labs as the Chief Technology Officer. In his previous role at Energetiq, Dr. Stolyarov and his team won the 2011 Prism Award for the Laser-Driven Light Source they developed. He has also co-authored papers with Nobel and Kavli prize winners, as well as members of the National Academy of Sciences.
Gary Dyal – Chairman of the Board
Gary Dyal is a recognized leader in the commercialization of nanotechnology and graphene-related products. He brings 35 years of manufacturing and technology experience to the company. He currently serves as Vice-President of Cryo Pure Corp., an international company that packages and distributes industrial and ultra-high purity specialty gases, chemicals, cryogenics and cryogenic chemical delivery equipment.
For 13 years prior to his co-founding Cryo Pure Corp, Dyal was the Director of Marketing and Sales for CVD Equipment Corporation (NASDAQ:CVV), a company that designs, develops and manufactures a broad range of state-of-the-art graphene manufacturing equipment and process solutions for research and industrial applications. He was responsible for global sales of R&D products related to graphene, carbon nanotubes, semiconducting nanowires, 2D materials and thin films for research laboratories.
Robert Scott – CFO
Robert Scott has over 20 years of professional experience in corporate finance, accounting and merchant and commercial banking. He currently serves as the CFO of Riverside Resources Inc. (TSXV:RRI) and Nickel One Resources Inc. (TSXV:NNN) as well as being a board member of Genesis Metals Corp. (TSXV:GIS) and Mongolia Growth Group Ltd (TSXV:YAK). Scott earned his CFA in 2001, his CA designation in 1998 and has a B.Sc. from the University of British Columbia.
Roman Rabinovich – Director
A member of the Audit Committee of G6 Materials CorpMr. Rabinovich also serves as a Senior Director at FTI Consulting. FTI Consulting is one of the largest business advisory firms in North America, providing advice and services which include, but are not limited to, business restructuring, mergers and acquisitions and business performance improvement. Mr. Rabinovich has tremendous experience in strategic development, transaction advisory, litigation support and business restructuring engagements. He specializes in the analysis of corporate finance and building optimal pricing strategies to improve sales growth.
Anastasios (Taso) Arima – Member of the Board of Directors
Arima is a public company executive with a strong history of identifying and developing significant resource projects. He was the founder of Piedmont Lithium (NASDAQ:PLL), and was instrumental in securing the Piedmont Lithium Project, as well as currently being the founder and Director of Hyperion Metals (ASX:HYM).
Providing Payment Services For the Growing Digital Asset Space
Bitcoin, one of the most well-known cryptocurrencies, continues to be an exciting and relatively new investment opportunity. What seemed like a fast-moving fad is becoming what some analysts have regarded as an emerging safe-haven asset. This could see Bitcoin join the ranks of assets like gold and blue chip stocks, and the recent bull market seems to support that with the likes of Fidelity, Goldman Sachs and BlackRock all beginning to venture into digital assets.
Critics often argue that Bitcoin will struggle to become a mainstream currency because of how difficult it is to use Bitcoins for everyday transactions. Luckily, some digital financial service providers are moving quickly in hopes of filling in the gaps left by the traditional financial system.
Banxa Holdings (TSXV:BNXA) is an Australia-based payment service provider (PSP) focused on closing the gap between bulky traditional financial systems, regulation and digital asset platforms. Built from a global team of legal, tech and crypto experts, Banxa aims to become one of the leading payments companies in the digital currency space.
Banxa Founder and Chariman Domenic Carosa shared that the company’s TSX Venture Exchange listing has made, “Banxa the first crypto payment service provider to be listed in the world, bringing well-needed transparency and governance to the crypto sector.”
In August 2020, Bitcoin’s price rose to prices hovering US$11,775, and in the last four years, the digital currency has seen unprecedented growth from US$9 billion to US$217.9 billion. In late 2020 and early 2021, Bitcoin experienced a spike that ultimately reached heights above US$50,000, its highest price ever. Many attribute the appeal of Bitcoin to its sovereign nature and non-fiat currency status.
As it is not stored in banks, Bitcoin escapes many of the sore spots of traditional banking, which is an attribute that Banxa hopes will pull more everyday people towards digital currency. In order to make digital currency even more appealing, the issue that Banxa seeks to solve is providing a more secure payment infrastructure that minimizes fraud and chargebacks, one of the most prominent issues in the industry. The company intends to facilitate this shift by building a fully compliant payment system that enables easy and secure conversion of fiat currency to digital currency. This provides a safe, simple way for both new market entrants and existing digital asset holders to quickly convert cash into digital assets.
As a prospective infrastructure provider, Banxa’s first mover advantage could prime the company for ideal positioning as the digital asset space becomes more mainstream. Another benefit is that the company is not affected by fluctuations in price for Bitcoin.
Banxa is partnered with almost 100 crypto exchanges, each of which has a pre-existing user base of up to 50,000 users, providing the company with exponential growth potential in its own user base.
An essential aspect of Banxa’s current operations is actively seeking regulation. They are working to engage with boards and organizations in building more stable regulatory systems to be implemented in the digital asset space on a global scale. Laying down these foundations now means more security for users accessing their digital assets in the future. Currently the company is registered in both the Netherlands , where it was one of the first wave of companies to meet the new regulations, and Australia, where the company is headquartered, as well as being listed in Canada.
Banxa Holdings has a world-class team of crypto, financial and legal experts. With years of combined experience in the digital asset and PSP space and an approximate market cap of C$40.7 million, the company is primed for success and significant economic growth with an upward trend in cryptocurrency popularity.
Banxa Holdings’ Company Highlights
- Banxa Holdings is an Australia-based payment service provider (PSP) founded in 2014. The company focuses on operating its fully compliant fiat-to-digital currency infrastructure and aiding the transition to more user-friendly digital asset platforms.
- Banxa is working towards becoming a formally regulated transparent financial services provider. The company is leading the way for increased regulation for digital asset markets globally.
- There are currently approximately 75 million cryptocurrency wallets in the world. This should increase as the cryptocurrency market becomes more widely accepted and accessible.
- Banxa’s flagship platform is its Plug-and-Play Fiat Onramp, which allows seamless conversion of fiat-digital currency and simple integration for end-users through the iFrame widget or Banxa’s JSON API.
- The company is leveraging the expanding cryptocurrency market without being exposed to the volatility in the crypto market.
Banxa Plug-and-Play Fiat Onramp
This platform operates a well-engineered, fully compliant payment infrastructure that seamlessly converts fiat currency to digital currency. Compatible with multiple payment methods, users can easily access digital currencies on their mobile devices or through the Banxa website. The company also offers simple integration of Banxa to end-user platforms via iFrame widget or fiat-to-gateway using Banxa’s JSON API.
Additionally, Banxa’s product line also includes business to business (B2B) platforms. These B2B cryptocurrency exchanges allow Banxa to offer its secure cryptocurrency gateway platform to partnered companies. The company currently has a strong network of trusted partners in the retail space. In January 2021, the company recorded a record A$2.93 million worth of orders for a 24 hour period. Typically, the company could see up to 4,500 orders a day.
The intended future revenue model involves increased investment into financial service offerings, subject to financial service licenses. This model could include borrowing and lending, trading fees, interest-bearing accounts and more.
Banxa Holding’s Management Team
Domenic Carosa – Founder & Chairman
Domenic Carosa is the Founder and Chairman of BANXA. He is a tech pioneer, having founded or invested in over 50 technology companies over the last 25 years, both private and public. Domenic holds a Masters of Entrepreneurship and Innovation (MEI) from Swinburne University Australia.
Holger Arians – CEO
Holger Arians is the CEO of Banxa.com, a payment and compliance infrastructure provider to the global crypto industry, servicing companies like Binance, EDGE Wallet and Kucoin. Banxa also owns and operates multiple premium instant-buy domains such as bitcoin.com.au, bitcoin.ca and bitcoin.co.uk.
Arians entered the crypto space in early 2014 and has since been involved in multiple companies, such as the Apollo Capital Fund, an award-winning multi-strategy crypto fund domiciled in Australia. Before Banxa, Arians looked after a portfolio of early-stage technology companies as CEO of Dominet Venture Partners in Australia.
Josh D’Ambrosio – General Manager
Josh D’Ambrosio is an experienced risk and compliance executive serving in Ernst & Young’s IT Risk Advisory Team for five years before joining BANXA in July 2017. Before these roles, D’Ambrosio founded and scaled a social sports company to become the Australian market leader in its industry.
Shyamal R. Deo – SVP Finance
Shyamal R. Deo is a strategic and operationally focused finance professional with over 15 years’ experience scaling private equity-backed businesses across Australian and international markets.
He has a proven track record partnering with executives from various industries to build robust finance functions, manage financial risks and deliver performance improvement and business expansion strategies by embracing technology. This includes designing and delivering business outcomes, implementing change, communicating complex issues, achieving operational results and managing talent with a collaborative and pace-setting leadership style.
Liam Bussell – CMO & Communications Officer
Liam Bussell was the former CMO at Diginex and BC Group as well as the former head of marketing and founder at Epsilon Delta Strategy. Liam is a marketing leader with 18 years’ experience building fintech and technology companies from bootstrapping to listed companies. Experienced in Capital Markets and working with VC and PE investors to take firms to the next level. Experience in CM, VC, PE, M&A.
Konstantin Lichtenwald (CPA, CGA, ACCA) – CFO
Konstantin Lichtenwald has extensive experience as CFO and specializes in corporate finance, taxation and financial reporting. Lichtenwald previously worked at Ernst & Young and holds a BBA from Pforzheim University, Germany.
Iain Clark – CTO
Iain Clark was previously the CTO of the publicly listed company Crowd Media for seven years. Before, he was a vice president at Goldman Sachs in London. He is focused on technical excellence, platform security and executing the company’s strategic vision.
Chloe Sasson – Chief of Staff
Chloe Sasson has over 15 years of experience across operations, sales, partnerships and go-to-market strategy within the technology, product and digital data space in AUNZ and APAC.
Jan Lorenc – Managing Director of Europe
Mr. Lorenc joins Banxa from fast growing fintech Wirex, where he led European operations as Managing Director and Head of EEA Markets. Prior to that, Jan was with TransferMate Global Payments, JP Morgan, Allied Irish Bank and Anglo Irish Bank. Mr. Lorenc brings vast experience in the financial services and payments industry, coupled with a wide network across Europe.
Richard Mico – Group General Counsel
Richard Mico is a senior financial services and corporate and commercial lawyer (14+ years PAE), risk and compliance leader and trusted strategic commercial advisor. He has end-to-end multi-jurisdictional and multi-channel financial services experience, including across retail banking; fintech; payments; product; remediation; corporate governance; ‘Buy Now, Pay Later’; and consumer, commercial and wholesale finance products and services.
ScreenPro Security Inc is focused on providing turnkey coronavirus screening solutions. It is dedicated to health and safety by offering solutions to the community. It is a provider of full-service testing solutions across Canada. The firm also offers test kits and has its own nursing professionals, and access to high-quality PPE to ensure that its …
Upgrading Natural Gas into a Renewable Energy Source
Greenlane Renewables Inc. (TSXV:GRN) is a leading global provider of biogas-upgrading systems that are capable of contributing to the decarbonizing of the natural gas grid and transportation network. The company’s systems produce clean, low-carbon, renewable natural gas (RNG) from organic waste sources such as landfills, wastewater treatment plants, farms and food waste facilities. The RNG is then used as fuel for vehicles, such as those adopted by UPS (NYSE:UPS), or for injection into the natural gas grid.
In response to end-user demands for a lower carbon footprint and renewable fuels, Greenlane Renewables is the only RNG pure play that offers the three main biogas upgrading technologies. These technologies remove impurities and separate biomethane in raw biogas to create clean RNG for pipeline injection, liquefaction or direct use as a vehicle fuel. The company works with customers from around the globe to find the right solutions for the type and scope of the project.
Focused on providing turnkey solutions for its clients, Greenlane Renewables offers three technologically-advanced solutions to its clients, beginning with its patented water-wash system, pressure swing adsorption (PSA) and membrane separation, all three of which are designed to meet project specifications without breaking the budget. More than that, Greenlane Renewables brings core competency and outright expertise built on decades of experience to get the job done. Units are priced from $1 million to $7 million depending on the size and scope of the project, generating $18 million in revenue for the company in 2018. Greenlane Renewables is launching its “Develop, Build, Sell, Operate” (DBSO) business model that is expected to provide recurring revenue streams and stronger margins as well as exposure to more profitable off-take contracts with customers that require a strategic partner.
To date, Greenlane Renewables has installed over 100 units in 18 countries across the globe. The company has installed one of the largest RNG operations in both Europe (Germany) and Canada (Quebec). Greenlane Renewables has also completed a project in California that upgrades and injects RNG into the SoCalGas (OTCMKTS:SOCGP) (part of the Sempra group of utilities) natural gas pipeline network.
With over 30 years of industry experience, patented technology and over 100 biogas units installed in 18 countries, Greenlane Renewables is committed to help eliminate waste and provide a greener future for generations to come.
Greenlane Renewables is also one of the founding members of the Integrated Biogas Alliance (IBA), an organization designed to help provide the global biogas industry with unique and fully-integrated organic waste to renewable energy solutions.
Greenlane Renewables’ Company Highlights
- Greenlane Renewables is a market leader in upgrading low-energy biogas to RNG.
- The company has 14 patents and 28 device titles.
- The company offers three patented biogas upgrading technologies to customers across the globe.
- Each technology unit is worth between $1 million and $7 million.
- Revenue generated in 2018 totaled $18 million.
- The company has installed over 100 units in 18 countries.
- Greenlane Renewables plans to expand beyond equipment into more lucrative long-term contracts under a “build, own, operate” business model.
- The company is comprised of industry leaders with over 30 years of experience.
- Insiders own approximately 37 percent and institutional shareholders own approximately four percent of the company’s shares.
Why Renewable Natural Gas?
According to a report by McKinsey & Company, the demand for natural gas is expected to reach 20 billion cubic feet per day by the year 2030. The market is expected to have a significant impact on the North American gas landscape in particular, as coal loses popularity as an energy solution and renewable energy takes a more dominant role in the market. McKinsey & Company notes that the North American gas market is dependent on the global market as roughly 60 percent of natural gas will come from the US and Canadian exports.
The increase in demand for renewable energy sources is being driven by greenhouse gas emission reductions, strict government regulations and growing demand for waste treatments. For example, in 2010, California passed the California Low Carbon Fuel Standard (CA-LCFS), which looks to reduce greenhouse gas emission by 10 percent by 2020. The new standards were designed to promote the use of alternative fuels including biofuels, compressed natural gas, hydrogen and electricity, making biogas an important renewable energy solution.
To present a viable solution for the need for renewable energy, Greenlane Renewables has developed three innovative technologies that are capable of producing biogas. Biogas is produced from decomposing organic material without the presence of oxygen and primarily comprised of methane and carbon dioxide gas. Biogas started as a cheap heating fuel but was adopted in the late 1980s for combined heat and power applications. Applications for biogas have recently expanded to include high-value and high-tech upgrading processes to make it available for pipeline injection (utilities) and vehicle use.
Many existing natural gas plants, however, are not equipped to produce biogas, creating a large market for biogas upgrades. According to Research and Markets, the global biogas upgrading market is expected to reach US$4.96 billion by 2026. Biogas plants are needed to help the utility sector meet sustainability targets and many companies, such as SoCalGas, FortisBC and Energir to adopt biogas upgrades at their natural gas plants. For example, SoCalGas has committed to replace 20 percent of its traditional natural gas supply with RNG by 2030.
Greenlane Renewables’ Technology
Greenlane Renewables has built a team with significant technology and implementation expertise that collaborate with the company’s clients. The team works with customers to evaluate project objectives and identify solutions that work for them. Greenlane Renewables helps its clients choose the right type of technology for the project, advisory services and assists with a variety of project development activities such as financing, siting, permitting and RNG off-take.
Greenlane Renewables is one of the only companies to offer multiple core technologies for creating RNG products. The company’s biogas upgrading-systems are marketed and sold through its wholly-owned subsidiary Greenlane Biogas and the Greenlane Biogas brand. Biogas upgrading systems are responsible for cleansing impurities and separating carbon dioxide from biomethane to create a clean, high-purity, low-carbon fuel, known as RNG.
Greenlane Renewables manages the entire project life cycle from design and procurement through to on-site installation, commissioning and aftercare. After the company’s technology has been installed, Greenlane Renewables provides 24/7 technical support, remote monitoring and maintenance.
Greenlane Renewables offers three technology solutions to its clients: water-wash, PSA and membrane separation. All three pieces of technology are designed to fulfill the needs of big and small projects alike. Each unit price ranges from $1 million to $7 million depending on the size and scope, which resulted in $18 million in revenue for the company in 2018.
A simple process with no upstream treatment requirements, the water wash technology removes impurities in the feed material without using chemicals or heat. It is one of the most widely-used upgrading technologies in the world. Greenlane Renewables has developed five models for this technology that are designed to meet a range of flow-rate requirements. All technology systems contain a modular design with a compact footprint, making it easily scalable.
Pressure Swing Adsorption (PSA)
PSA can effectively separate specific gases from a complex mixture of different gases, like those generated at landfills. The PSA technology uses several steps to purify biogas and separate methane from carbon dioxide. It is one of the only technologies available today that can remove nitrogen; however, high nitrogen levels can reduce methane recovery rates, making it sometimes necessary to pair the technology with another solution like the water wash.
Often more suitable for small to medium-sized projects, the membrane separation technology uses permeation to filter out larger methane molecules from the smaller carbon dioxide molecules. Greenlane Renewables believes that this option is best for clients that consider initial capital expenditure as more important than long-term life cycle costs.
Every biogas upgrading project requires its own unique solution depending on the source of the raw biogas, its composition and level of impurities. The solution also changes based on the size of the project and the end-user of the RNG. To this aim, Greenlane Renewables works with its customers to find the right solution for that particular client and has established projects in a number of countries around the globe.
In 2009, Greenlane Renewables was commissioned to develop one of the largest RNG projects in Europe in Gustgrow, Germany. The plant, which has a capacity of 10,000 normal cubic meters per hour, treats biogas from crops and feeds the RNG into the local natural gas pipeline.
Greenlane Renewables has also designed one of the largest RNG processing facilities in the world in Montreal, Quebec. The facility has a capacity of 16,000 normal cubic meters per hour and treats biogas from a large landfill and feeds the RNG into the local natural gas pipeline. The project was commissioned in 2014.
Greenlane Renewables’ latest project was commissioned in 2018 and is stationed in Perris, California. The plant treats biogas from municipal organic waste and feeds the Rule-30 pipeline-quality RNG into SoCalGas’ pipelines. The project has a total capacity of 2,000 normal cubic meters per hour and is credited with being the first facility to produce RNG within California. The project uses Greenlane Renewables’ Totara system in combination with PSA to produce the required end product.
Greenlane Renewables’ Growth Strategy
Greenlane Renewables plans on moving away from equipment sales and into more lucrative long-term contracts. The company hopes this will provide exposure to more profitable off-take contracts with customers that require a strategic partner for RNG production. In turn, this should provide Greenlane Renewables with recurring revenue streams and stronger margins. The company plans to focus on providing turnkey solutions for upgrading a client’s RNG processing facility. Greenlane Renewables’ goal is to announce a “build, own, operate” deal in the near-term.
Greenlane Renewables’ Management Team
Brad Douville — President, CEO and Director
Brad Douville joined Greenlane in 2017 after a 25-year career in the natural gas commercial vehicle industry. He was a founding member of Westport Innovations Inc. (formed in 1995), now Westport Fuel Systems Inc., and Cummins Westport (2001). He holds a M.A.Sc. in Mechanical Engineering (University of British Columbia) and an Executive Program certificate from the Stanford School of Business.
Lynda Freeman — CFO
Lynda Freeman is a distinguished financial professional with over 22 years of experience. She has held progressively senior financial leadership roles, including five years as CFO of TSX-listed Alterra Power Corp., a global renewable energy company with hydro, wind, geothermal and solar generation capacity. She earned her BA Honours degree in Accountancy and Law at Oxford Brookes University and is a UK qualified Chartered Accountant (ACA).
Brent Jaklin — Senior VP of Sales and Service
Brent Jaklin has more than 20 years of experience in engineering and operations for alternative fuels and RNG projects. Prior to joining Greenlane, he was with QuestAir Technologies. He holds a degree in Mechanical Engineering (Lakehead University).
Dale Goudie — VP of Technology and Product Management
Dale Goudie has over 18 years of engineering experience in the design and development of natural gas engines, fuel systems and cryogenic systems. Prior to joining Greenlane, he was with Westport Fuel Systems Inc. He holds a B.Sc. in Mechanical Engineering (Queen’s University) and an M.A.Sc. in Mechanical Engineering (University of Victoria).
Jim Bornholdt — VP of Purchasing, Project Management and Quality, Health, Safety and Environment (or QHSE)
Jim Bornholdt has over 35 years of experience in purchasing and logistics functions for multi-million-dollar projects across a broad range of industries, including manufacturing, aerospace, civil construction and the Olympic Games.
Marco Mazafarro — Director of Project Development
Marco Mazafarro has over 15 years of experience in renewable energy project sales and development. He holds a degree in Business Administration from the Pontifícia Universidade Católica de São Paulo in Brazil and a M.Sc. in Sustainable Energy Development (University of Calgary).
Sandra Keyton — VP Human Resources
Sandra Keyton is a growth-oriented human resources executive with 30 years of global HR experience in the technology, automotive and energy sectors. Prior to Greenlane, she was with Westport Fuel Systems Inc. She holds her CHRP designation and is a graduate of the British Columbia Institute of Technology Human Resources Management Program.
Wade Nesmith — Chairman and Director
Wade Nesmith founded Primero Mining Corp. in 2008, acting as CEO until 2010 and Chairman until 2018. He was a founding board member of Westport Innovations Inc. and Silver Wheaton Corp. and was previously Superintendent of Brokers for the Province of British Columbia (1989 to 1992), and senior partner, specializing in securities law with Lang Michener LLP (now McMillan LLP) (1993 to 1998). He obtained his LLB from Osgoode Hall Law School.
David Demers — Director
David Demers was a founding member of Westport Innovations, serving as CEO and a director from 1995 to 2016. He was a director of Primero Mining Corp. (2008 to 2018). Previously with IBM, Demers currently sits on the boards of TIMIA Capital Corp. and Augurex Life Sciences Corp. He has a B.Sc. in Physics and a D.Juris, both from the University of Saskatchewan.
David Blaiklock — Director
David Blaiklock previously served as the Chief Financial Officer of Primero Mining Corp., and as the Corporate Controller for Intrawest Corporation. He received his designation as a Chartered Accountant while working with the international accounting firm Deloitte Touche Tohmatsu Limited. He has a B.A. in Economics and Business Studies (University of Sheffield) and holds his CPA, CA designations in British Columbia and the UK.
Patricia Fortier — Director
Patricia Fortier is a former Canadian diplomat who most recently acted as an Assistant Deputy Minister in Global Affairs Canada. She has held several diplomatic postings, including Canadian Ambassador to Peru, Bolivia and the Dominican Republic, and Minister-Counsellor at the Canadian Embassy in Washington, D.C. She has a master’s degree in public administration (Queen’s University).
Candice Alderson — Director
Candice Alderson is currently a Senior Vice President, Infrastructure Investments for the Ledcor Group of Companies, a privately-held company that is one of the most diverse conglomerates in North America. Ms. Alderson is responsible for leading the Infrastructure Investment group overseeing equity investments and supporting multiple Ledcor divisions in the pursuit of major infrastructure projects. She holds a BA in Political Science and Environmental Studies (Concordia University) and an LLB (University of Victoria).
Elaine Wong, CPA, CA — Director
Ms. Wong is currently President, Pine Street Ventures Ltd. and is a seasoned executive with over 25 years of experience in accounting, finance and operations in fast growing companies. She spent 13 years with Westport Fuel Systems, a publicly listed (Nasdaq & TSX) clean technology company with a global presence, holding various senior positions including Chief Financial Officer and Executive Vice-President, Strategic Development, responsible for strategy and mergers and acquisitions. Prior to Westport, Elaine was with ISM-BC, an information technology joint venture owned by IBM and TELUS, where she was Corporate Controller and then Director of Corporate Performance responsible for financial reporting and analysis. Named one of Canada’s Top 100 Most Powerful Women in 2010, Ms. Wong earned her Chartered Accountant designation in 1993 while working with KPMG and is also a Certified Public Accountant (Illinois). She holds a Bachelor of Commerce (Honours) degree from the University of British Columbia.
Developing Personalized Off-The-Shelf Immunotherapy Treatments for Cancer Patients
At the forefront of cancer treatments, immunotherapies boost the ability of the body's own cancer-fighting cells to destroy cancerous tumors. Immunotherapies also have low-toxicity, making it easier for patients to undergo treatment. Most importantly, they may offer better efficacy and less chance of recurrence for many cancer patients. In a report released by Research and Markets, the global immuno-oncology market is expected to reach $100 billion by 2022, and BriaCell continues to uncover opportunities in this space with its innovative technologies.
BriaCell's lead candidate, Bria-IMT™, is an immunotherapy currently being developed to treat advanced breast cancer, which is the expected cause of approximately 43,000 deaths in the US in 2021. Bria-IMT™ recently achieved positive proof of concept, showing outstanding safety and efficacy data. Importantly, preliminary efficacy data was similar or superior to those of other approved breast cancer drugs when they were at a similar stage of clinical development.
BriaCell currently has a non-exclusive clinical trial collaboration with Incyte Corporation (NASDAQ:INCY) to evaluate the effects of combinations of novel clinical candidates. Under the agreement, Incyte and BriaCell will be evaluating novel combinations of compounds from Incyte's development portfolio with BriaCell's drug candidates in advanced breast cancer patients.
BriaCell has been dosing patients in a Phase I/IIa clinical trial of Bria-IMT™ in combination with the immunotherapy development candidates retifanlimab, an anti-PD-1 antibody, and is planned to also combine with epacadostat, an orally bioavailable small-molecule inhibitor of indoleamine 2,3-dioxygenase 1 (both provided by Incyte). The combination study is listed in ClinicalTrials.gov as NCT03328026.
BriaCell is also developing Bria-OTS™, an off-the-shelf personalized immunotherapy, for advanced breast cancer. Bria-OTS™ immunotherapy treatments are personalized to match the patient without the need for personalized manufacturing. Bria-OTS™, which is expected to match over 99 percent of the patient population, is designed to produce a potent and selective immune response against the cancer of each patient while eliminating the time, expense and complex manufacturing logistics associated with other personalized immunotherapies.
In November 2020, BriaCell announced a Cooperative Research and Development Agreement with the National Cancer Institute (NCI, Center for Cancer Research), part of the National Institutes of Health, to investigate novel off-the-shelf personalized therapeutics for cancer.
BriaCell's management team is comprised of a team of experienced industry leaders involved in the approval of dozens of drugs.
BriaCell Therapeutics' Company Highlights
BriaCell has truly emerged in the last 13 months:
- April 2021: Closing of Over-Allotment Option in Connection with U.S. Public Offering, Bringing Total Gross Proceeds to US$28.7 Mil
- February 2021: BriaCell Announces Closing of US$25 Mil Public Offering
- November 2020: BriaCell Announces Collaboration with the NCI
- October 2020: Survival Data: 13.3 months vs. 7.2-9.8 months
- January 13, 2020: Remarkable Responder Update
- January 9, 2020: Additional 'Biomarker' identified; Possible predictor of high-responding patients
- October 7, 2019: First patient dosed under Incyte Corporation collaboration
The Cancer Immunotherapy Space
There are a number of challenges that cancer immunotherapy treatments face. Approved immunotherapies work in 20 to 30 percent of patients. They depend on the patient's weakened immune system and, in some cases can cause autoimmune disease.
Other challenges include the lack of effectiveness of cancer immunotherapies to treat some solid tumors or blood cancers since they only work in certain types of cancer and not in others. Additionally, newly developed effective personalized immunotherapies such as PROVENGE® and CAR-T need to be individually manufactured for each patient. This means a complex and time-consuming manufacturing process, which is extremely expensive and might make the therapies commercially unsuccessful.
In response to these challenges, BriaCell is developing Bria-OTS™, an off-the-shelf personalized immunotherapy, for advanced breast cancer, which has been estimated to be the cause of about 43,000 deaths in the US in 2021.
The off-the-shelf approach means that the treatments are pre-manufactured and the patient will be able to receive her or his personalized, targeted treatment using an easy and common HLA test on her or his saliva sample. This approach is quick, and relatively inexpensive, and avoids the complex manufacturing process associated with other personalized immunotherapy treatments. This approach is the first of its kind for advanced breast cancer.
Bria-IMT™, BriaCell's lead product candidate, is derived from a specific breast cancer cell line. It is genetically engineered to release granulocyte-macrophage colony-stimulating factor (GM-CSF), a substance that activates the immune system. BriaCell believes that Bria-IMT™ helps the body to stimulate cancer-fighting T-cells, cells that directly attack tumor cells, and B-cells that produce anti-tumor antibodies.
Proof-of-concept clinical trials
The first clinical trial used the original unmodified breast cancer cell line, with low dose cyclophosphamide and GM-CSF to boost the immune response. Fourteen patients were treated and produced impressive results, including no severe drug-related side-effects and a median survival rate in patients after treatment of about twice what was expected.
The second clinical trial used Bria-IMT™ (i.e. the original cell line – modified to produce GM-CSF) along with low dose cyclophosphamide and interferon-alpha in four advanced-stage cancer patients. The treatment was tolerated very well with few side effects. The median overall survival was much longer than expected. The study also had one patient that responded extremely well to the treatment with an approximately 90 percent tumor reduction in breast cancer as well as disappearance of the cancer from the lungs and soft tissues.
Source: BriaCell Therapeutics Corp.
After the treatment stopped, as required by the study, the patient's breast cancer returned and had spread to the patient's brain, lungs and other sites. Importantly, the patient was treated again with Bria-IMT™ and the tumors were reduced at multiple sites, even in the brain. This patient-matched Bria-IMT™ for HLA genes which are used to match patients to tissues in tissue transplantation (e.g. for kidney transplants).
Recent clinical findings (Phase I/IIa proof-of-concept study with Bria-IMT™: 2017 to 2018)
BriaCell completed a Phase IIa study of Bria-IMT™ in advanced breast cancer in 23 patients that were heavily pre-treated (listed in ClinicalTrials.gov as NCT03066947) and released their initial data in September 2018. To date, Bria-IMT™ treatment has been safe with several instances of tumor reduction observed in certain patients sharing a key biomarker (HLA match) with Bria-IMT™. The treatment was safe and well-tolerated. Most importantly, initial efficacy data was similar or superior to those of other advanced or approved drugs for breast cancer when they were at a similar stage of clinical development.
Based on the recent findings related to the mechanism of action of Bria-IMT™, and the potential to produce intensified anti-tumor activity when used in combination with certain drugs, the company is now conducting the combination study of Bria-IMT™ with retifanlimab and epacadostat. The combination study is listed in ClinicalTrials.gov as NCT03328026.
Immune checkpoint inhibitors such as anti-PD-1 including pembrolizumab (KEYTRUDA®; manufactured by Merck & Co., Inc.) and, more recently, Incyte's retifanlimab (under a corporate collaboration with Incyte Corporation) , are designed to neutralize immune suppression in cancer patients. The significance of immune checkpoints has been recognized by the Nobel committee by awarding Drs. Honjo and Allison with the 2018 Nobel Prize in Physiology or Medicine. BriaCell believes that Bria-IMT™ can exert additive or synergistic tumor-directed effects with checkpoint inhibitors like KEYTRUDA®. Initial safety data for the combined approach shows that it is very safe and well-tolerated by patients. Early efficacy data for the first eleven advanced breast cancer patients dosed with Bria-IMT™ in combination with KEYTRUDA® suggested strong additive or synergistic effects on tumor regression (shrinkage).
BriaCell hypothesizes that checkpoint inhibitors act by “awakening" a component of the immune system, while Bria-IMT™ “puts the foot on the gas" of the immune system, which may lead to more powerful anti-tumor activity.
BriaCell Therapeutics' Collaboration with Incyte Corporation
In April 2019, BriaCell and Incyte Corporation formed a non-exclusive clinical trial collaboration to evaluate the effects of combinations of novel clinical candidates. Under the agreement, Incyte and BriaCell plan to evaluate novel combinations of compounds from Incyte's development portfolio with Bria-IMT™ in advanced breast cancer patients.
BriaCell initiated dosing patients with advanced breast cancer in its Phase I/IIa clinical study for Bria-IMT™ in combination with Incyte's retifanlimab and epacadostat. The goal of the program is to remove cancer-induced suppression of the immune system (taking the “foot off the breaks" that cancer puts on the immune system) and stimulating an immune response with the Bria-IMT™, putting the “foot on the gas". This is expected to allow the immune system to attack the cancer in a targeted way with the help of Bria-IMT™. The combination study is listed in ClinicalTrials.gov as NCT03328026.
BriaCell has developed a companion diagnostic test that would allow a physician to prepare a personalized pre-made treatment for each patient based on the presence of certain biomarkers (HLA type). Testing is simple and done on the patient's saliva.
This diagnostic test may be used in future clinical trials to speed up the clinical development of Bria-IMT™ and will be used in trials of Bria-OTS™.
The Bria-OTS™ treatment is based on pre-manufactured immunotherapies – each containing a specific HLA type – which can be selectively administered to patients based on the patient's HLA type. BriaCell is developing 15 unique HLA types that will allow for the treatment of over 99 percent of advanced-staged breast cancer patients. This approach provides customized cancer immunotherapy for each individual patient that doesn't require personalized manufacturing.
Source: BriaCell Therapeutics Corp.
A simple diagnostic test, BriaDX™, will determine the appropriate off-the-shelf immunotherapy for each patient. Based on the results, one or two pre-made Bria-OTS™ immunotherapy cell lines will be selected to be administered to the patient. Thus, Bria-OTS™ is expected to provide the patient with fast, inexpensive, safe and effective personalized cancer immunotherapy treatment that can be ordered readily.
BriaCell Therapeutics' Small Molecule Program
BriaCell's small molecule program includes the development of novel, selective protein kinase C delta (PKCδ) inhibitors which have shown potent activity in a number of pre-clinical models of several different cancer indications as well as fibrotic diseases. Protein kinase C delta (PKCδ) inhibitors may provide another shot on goal besides a potential partnership opportunity.
BriaCell Therapeutics' Management Team
William V. Williams, MD, FACP, President & CEO, Director
- Former VP, Exploratory Development, Incyte Corporation
- Former VP, Experimental Medicine, GlaxoSmithKline
- Former Head, Rheumatology Research, University of Pennsylvania
- Extensive drug development experience
Gadi Levin, CA, MBA – CFO and Corporate Secretary
- CFO of Labstyle Innovations Ltd
- VP of Finance for two Israeli investment houses in the fields of private equity, hedge funds and real estate
- Financial Consultant, various firms
- Accountant, Arthur Andersen
BriaCell Therapeutics' Board of Directors
Jamieson Bondarenko, CFA, CMT, Chairman of the Board
- Previously Principal and Managing Director of the Equity Capital Markets group of Eight Capital
- Previously several positions at Dundee Securities Ltd., including Managing Director, Director, Vice President and Associate
Vaughn Embro-Pantalony, MBA, FCPA, FCMA, CDir, ACC, Director
- Current: Chair, Board of Directors, Soricimed Biopharma Inc.
- Board and Audit Committee Member, Microbix Biosystems Inc.
- VP, Finance & CFO, Teva Novopharm Limited
- VP, Finance & Administration, Bayer Healthcare
- Director, Finance and Administration & CFO, Zeneca Pharma Inc.
Marc Lustig — Director
- Investor, entrepreneur, and corporate finance veteran with a deep understanding of the life sciences industry, including biotechnology and pharmaceuticals, as well as the legal cannabis industry.
- Holds MSc and MBA degrees from McGill University and his professional experience includes working at Merck & Co.,
- His capital markets career includes roles in biotech equity research, corporate finance and as Head of Capital Markets.
- Founder and CEO of Origin House where he currently serves as a director.
- Director of a number of public companies, and founded the Lustig Family Medical Cannabis Research & Care Fund of the Cedars Cancer Foundation that provides cannabis to palliative cancer patients.
Martin Schmieg, CPA, Director
- Current: CEO, ClearIT, LLC
- CFO: Sirna Therapeutics, Inc., & Isolagen, Inc.
- CEO, Freedom-2, Inc. (now PharmaCyte, Inc.)
- Advisor, Caladrius Biosciences, Inc., Beckman Coulter Genomics, Calimmune, Inc., Cryoport, Inc., Vetbiologics, a division of U.S. Stem Cell, Inc., Sapientia Pharmaceuticals, Inc., & Rokk3r Labs, LLC
Rebecca A. Taub, MD, Director
- Current: CMO & EVP, Director, Founder, Madrigal Pharmaceuticals
- Senior VP, VIA Pharmaceuticals
- VP of Research, Metabolic Diseases, Hoffmann-La Roche Company
- Executive Director, Bristol-Myers Squibb
- Executive Director, Dupont Pharmaceuticals
- Professor of Genetics and Medicine, University of Pennsylvania
Jane Gross, Ph.D., Director
- Chief Scientific Officer and SVP, Research and Non-Clinical Development at Aptevo Therapeutics (Nasdaq: APVO)
- VP, Applied Research and Non-Clinical Development at Emergent BioSolutions (NYSE: EBS)
- VP, Immunology Research at ZymoGenetics
- Independent Director for aTyr Pharmaceuticals (Nasdaq: LIFE)
Suzanne Ostrand-Rosenberg, Ph.D. - Advisor
- 40 years of experience leading investigations focused on the immune system's response to cancer.
- Robert & Jane Meyerhoff Professor of Biochemistry, Emeritus
- Professor of Biological Sciences, Emeritus, University of Maryland Baltimore County, Baltimore, MD, and has been working with the University since 1977.
- Adjunct Professor of Pathology, Huntsman Cancer Institute (HCI), University of Utah, Salt Lake City, UT, in 2018.
BriaCell Therapeutics' Management Team
William V. Williams, MD, FRCP, President & CEO
- Seasoned biopharmaceutical executive with over 35 years of industry and academic expertise, including significant clinical management in multinational pharmaceutical companies.
- Served as VP of Exploratory Development at Incyte Corporation from 2005 – 2016.
- Facilitated entry of over 20 compounds into the clinic, including approvals for ruxolitinib (Jakafi) and baricitinib (Olumiant).
- Responsible for establishing proof-of-concept in several therapeutic areas
- Involved in numerous new drug applications (NDAs) for therapeutics that achieved marketing authorization
Gadi Levin, CA, MBA, CFO & Corporate Secretary
- Appointed as BriaCell Therapeutics Corp.'s Chief Financial Officer in February 2016.
- Acted as Chief Financial Officer of Labstyle Innovations Ltd, a biotechnology company focused on diabetes.
- Served as the Vice President of Finance and Chief Financial Officer for two Israeli investment houses in the fields of private equity, hedge funds and real estate (2008 to 2009 and 2010, respectively).
Miguel A. Lopez-Lago, Ph.D., Senior Director, Research and Development
- Working as a cancer scientist at Memorial Sloan-Kettering Cancer Center, New York (MSKCC).
- Investigated various aspects of tumor biology, including the development of targeted therapies for Mesothelioma and the characterization of the biological mechanisms underlying cancer metastasis.
- Interested in the study of the tumor immune-microenvironment and in the development of immunotherapies for thoracic cancers using chimeric antigen receptor (CAR) T cell technologies.
- Since 2013, Dr. Lopez-Lago has been working as Senior Research Scientist at MSKCC. Dr. Lopez-Lago received his Bachelor of Science in Bio-Sciences and his doctorate in Molecular Biology from Santiago of Compostela University, Spain.
The company description, investment highlights and catalysts were sourced by INN and approved by the company. INN does not guarantee the accuracy or thoroughness of the information contained on this page.
INN does not provide investment advice and the information on Investingnews.com profile should not be considered a recommendation to buy or sell any security.
INN does not endorse or recommend the business, products, services or securities of any company profiled.
Readers should conduct their own research for all information publicly available concerning the company.
Investing Expertise and Capital in Blockchain Technologies
Codebase Ventures Inc. (CSE:CODE,FWB:C5B,OTCQB:BKLLF) makes strategic investments in emerging sectors and markets, including cannabis, technology and select cryptocurrencies. Codebase Ventures is led by a hands-on team of entrepreneurial and technology experts who invest in early-stage ideas. The team operates with the understanding that emerging sectors, like cannabis and technology, are evolving rapidly and can bring early opportunities for strategic investments.
Codebase Ventures has formed Code Cannabis Investments, which is focused on identifying cannabis assets and start-ups that require capital and expertise to accelerate their business models and scale to meet the demands of the market. Code Cannabis Investments intends to initially pursue investment opportunities in the North American cannabis market, but is expected to primarily focus on the UK. The subsidiary has since made moves to enter the US hemp-derived CBD market by moving to acquire a 45-acre certified-organic farm in New Berlin, New York.
As for the company’s technology strategy, Codebase Ventures has made strategic investments in four technology platforms: Pressland ICO Ranker, Arcology and Blockchain ranker. The company believes that blockchain technology can radically transform how business is conducted throughout the world. The company is based in Vancouver, British Columbia, and has expanded into the US through its wholly-owned subsidiary in the Silicon Valley, Codebase Ventures USA.
According to Codebase Ventures Chief Strategy Officer Jeff Koyen, “Blockchain is a shared ledger used to record transactions across a decentralized network of computers. ‘Decentralized’ is the key word here. Because they have no central authority figures, blockchains are governed by the network operators. Before any transaction is recorded to the ledger, a certain level of agreement must be reached by the entire network.”
Blockchain technology is being adopted across a number of industries, including banks and financial institutions. The market has grown faster than anticipated, and is expected to be worth US$23.3 billion by 2023, according to a report by Markets and Markets.
Unlike many companies in the blockchain landscape, Codebase Ventures’ focus is to invest in technologies that are using blockchain in varied and innovative ways. To this effect, the company has acquired or invested in companies that use blockchain to pursue its mandate. To date, Codebase Ventures has made strategic investments into five technology platforms: Pressland, ICO Ranker, Arcology, Blockchain ranker and SV Cryptolab.
This includes SV CryptoLab, a social hacker community space by day and a cryptocurrency mining operation by night; Pressland, an open-source media directory looking to relaunch as a blockchain-powered platform combating fake news; and Arcology, a blockchain platform expected to use machine-learning and pattern-recognition technology to create hierarchical blockchain structures.
The ICORanker.com and BlockchainRanker.com websites provide the company with access to the token industry. The sites act as a platform that vets and rates blockchain applications, services and software providers. Codebase Ventures has also initially invested $100,000 in ePIC Blockchain Technologies Inc., a blockchain processing hardware company that is developing scalable and energy-efficient mining tools and infrastructure to cryptocurrency miners.
In September 2021, Codebase completed the delivery of 115 Antminer S17+ 76Th Bit Mining units to their hosting facility in New York State. All 115 units are online and earning revenue. To date, the revenue from mining operations reached C$142,210 with facility operating costs of C$68,306. Codebase is currently holding 2.908 BTC with a market value of C$238,288 CAD.
Part of what sets Codebase Ventures apart from its peers is that the company entered the space early on and put together a knowledgeable management team that takes its time to properly assess potential deals. This team includes Jeff Koyen, who plays roles both as a strategic advisor to the head company and as President of Codebase Ventures USA. He brings with him 20 years of experience in technology journalism and a keen eye for determining viable opportunities for the company. His caliber is matched by his peers and together they lead the company with in-depth experience in multiple areas including business development, corporate finance, media, insurance and capital markets.
Codebase Ventures Company Highlights
- Early mover in funding blockchain technologies beyond cryptocurrencies.
- Has acquired or invested in companies that deploy blockchain-based technology.
- Recently-launched wholly-owned subsidiary in US led by experienced technology journalist Jeff Koyen.
- Code Cannabis Investments subsidiary invests in early-stage cannabis assets in North America and Europe.
- Code Cannabis Investments is in the process of acquiring farm land in New York to facilitate the company’s entrance into the US hemp-derived CBD market.
- Knowledgeable management team that makes well-researched and informed decisions regarding their acquisitions and investments.
- Codebase delivered 115 Bit Mining units and generated C$142,210 BTC revenue as of October 2021.
Code Cannabis Investments
Codebase Ventures’ subsidiary, Code Cannabis Investments, was formed to identify cannabis companies that require capital and expertise to accelerate their business models and scale to meet the demands of the market. The subsidiary intends to initially pursue investment opportunities in the North American cannabis market, but is expected to primarily focus on the UK and EU, especially in countries such as Germany, Spain, Italy, Greece and Malta.
According to a report by Consultancy EU, the European cannabis market is expected to reach 123 billion euros by 2028. The European CBD and medical cannabis markets offer cannabis companies numerous advantages due to Europe’s large population. In the UK alone, it is estimated that six million adults have used CBD and 11 percent of the population has consumed a CBD product within the last year.
“With our leadership team’s deep experience in the cannabis space, we believe that the UK is entering a period of acceptance for CBD and medicinal cannabis that was evident in Canada and North America five to seven years ago,” said Codebase Ventures President and CEO George Tsafalas. “That spells opportunity to our team, and on behalf of our shareholders, management and representatives have engaged in meetings in the UK specifically aimed at identifying and investing in early-stage companies in the space that can benefit from both our capital and expertise.”
Since its formation, Code Cannabis Investments has signed an LOI to acquire a 45-acre organic farm in New Berlin, New York. The company intends to grow organic hemp there and enter the hemp-derived CBD market in the US. In December 2018, the US Senate passed the Farm Bill which removed hemp as a Schedule 1 drug, creating a hemp-derived CBD market. According to a report by BDS Analytics and ArcView Market Research, the US CBD market is expected to reach US$20 billion by 2014.
CryptoLab: Mining and Community Building
In January 2018, Codebase Ventures acquired 60 percent of the outstanding shares in SV CryptoLab, a cloud-based cryptocurrency mining organization. Since then, the company has raised its ownership to 80 percent, exercising its right as part of the agreement.
Under the proposed agreement, Codebase Ventures would have the option to acquire the remaining 20 percent and keep on SV’s current CEO to lead the advancement operations as a key component of the company’s management team. During weekdays, SV would continue to run a part hacker part social space that hosts meetups. Meanwhile, during nights and weekends, the lab would use its computing power to conduct its cryptocurrency mining operations for the economic benefit of Codebase Ventures.
“We are excited to reach this milestone, completing our initial acquisition in the blockchain space, so that we can scale this concept,” said Tsafalas. “We are working to replicate SV CryptoLab’s business model, together with its proprietary evaluation algorithm, in other cities soon.”
Since the submission of the LOI for the original acquisition in November 2017, SV has further developed its cryptocurrency mining operations to include on-site Bitcoin mining, adding 370 ASIC microprocessors to its enterprise. Additionally, SV has also entered into contracts to mine Ethereum and Zcash, among other rapidly growing cryptocurrencies. Codebase Ventures has also indicated that it is exploring the possibility of opening a second location in the same format on the eastern coast of the US.
Pressland: Media Transparency Through Rewarded Crowdsourcing
In April 2018, Codebase Ventures acquired Pressland, a media directory and website focused on media transparency. Pressland was launched in 2015 and offers a crowdsourced directory of 20,000 media outlets and professionals. Pressland is led by Koyen, who brings over 20 years of journalistic experience. With the help of Codebase Ventures, Pressland’s mission is to provide the public with blockchain-powered tools that will help expose unreliable news items.
Pressland publishes its own digital publication, News-to-Table, which covers media trust and transparency. The publication releases up to five articles per week and recruits writers from its partner Study Hall, a global online community of over 2,000 journalists that offer resources, news, analysis and original reporting to its members. The partnership is also expected to increase industry awareness of Pressland’s mission to fight fake news.
“Today, thanks to the innovative power of blockchain technology and utilizing Codebase Ventures’ expertise and resources we have the unique opportunity to expand Pressland’s mission to debunking fake news and exposing unreliable players in the media,” said Tsafalas.
The platform will function as a reward economy built on its own cryptocurrency token. With the use of the token, Pressland community members will be incentivized to contribute intelligence and insights and verify data from media outlets and media figures. “This data will then power a suite of tools designed to debunk fake news on other platforms, such as Facebook,” said Koyen.
In May 2018, Pressland announced that it will be issuing its own transactional currency in the form of a blockchain-based cryptographic token. In July 2018, Pressland partnered with Token Agency for marketing purposes for its upcoming token sale.
“To run a successful token sale, it’s critical to communicate your project’s mission, goals and value proposition. This is no simple task in the buzzy world of crypto and blockchain,” said Koyen.
Additionally, Pressland has signed an LOI to form a commercial partnership with Membit Inc., the maker of the Membit augmented reality (AR) photo-sharing app for iOS. Membit will be using Pressland’s data to help verify original journalism produced on its platform. The two companies are also in discussion for jointly creating a platform for journalists to in the field that would allow journalists to validate and verify their reporting in the field.
In March 2019, Pressland announced its intent to develop the world’s first data management platform to fight fake news. The platform will use artificial intelligence (AI) and natural language processing to analyze the world’s news output. The company expects the platform to have applications in a variety of industries and will be made available to its partners and clients under SaaS licenses. Pressland expects to launch the platform in 2020.
“We’re building an enterprise service for global media companies, social media networks and other third parties fighting the spread of misinformation online,” said Koyen. “This is a highly scalable, disruptive technology that will serve the public interest by stopping the spread of fake news.”
To this aim, Pressland has partnered with iO Ventures LLC, a developer of a hyper-personal device that delivers custom news, user-centric learning and on-demand wellness information. The two companies will be working together to verify trustworthy news before distributing it to iO’s users.
Pressland has also signed an LOI to form a commercial partnership with OutVoice, a freelance payment option for publishers that can be integrated directly into content management systems. The focus of the partnership is to drive client engagement in the media-tech space by reducing inefficiencies. Pressland also expects the partnership to accelerate the company’s time-to-market for its SaaS offerings. The company will use OutVoice to pay its contributors to its ICORanker and Blockchain Ranker websites.
Arcology: Providing Hierarchical Structures to Blockchain
In April 2019, Codebase Ventures increased its equity stake in Arcology, a first-of-its-kind blockchain platform from Alberta, Canada, to 30 percent. Subject to the terms of the agreement, the investment would increase up to $2 million for 51 percent of the company.
Arcology is a blockchain platform that utilizes machine-learning and pattern-recognition technology to develop hierarchical blockchain structures that solve common market problems including speed and scalability. Arcology has been designed to be more scalable and ‘intelligent’ than the current leader in its market, Ethereum.
“In identifying this opportunity, Codebase Ventures will help advance blockchain technology to where it needs to be in a decade, not just years, from now,” said Tsafalas. “The blockchain revolution is just beginning, and we’re proud to be at its forefront.”
As of April 2018, Arcology has recruited a team of experts from the fields of AI, machine learning and biologically inspired adaptive network design to build new blockchain technologies that will address the inefficiencies in the current platforms on the market and compliments Archology’s current blockchain platform. Revenue from this project will come from a variety of traditional sources, such as subscriptions, licensing and consulting fees.
Arcology has been testing its blockchain-enabled data handling offering. The tests were able to prove that it is possible to eliminate restrictions that have made distributed databases and blockchain technology incompatible. Arcology can also take advantage of parallel data insertion and querying on multiple databases by incorporating a distributed database. However, the most significant findings highlighted an increase in network speed and reliability across a distributed model and that data storage on Arcology’s blockchain network would be 100 times cheaper and faster. Arcology expects to begin public testing of the new offering in the coming months.
Arcology has also integrated Ethereum virtual machines into its proprietary blockchain technology, allowing developers to move their existing apps, dApps and other assets to Arcology without issue. By offering third parties greater speed, scale and efficiency, Arcology intends to become the platform of choice for enterprise and industrial-grade developers.
In July 2018, Codebase Ventures acquired the iCORanker.com and BlockchainRanker.com websites with a suite of professional services and marketing data for $1.75 million in cash and stock. BlockchainRanker.com vets and rates blockchain platforms, services and software providers and will relaunch under Codebase Ventures’ management.
“Acquiring ICORanker is our entry to the lucrative world of token analysis, ratings and recommendations,” said Koyen. “The token sale ecosystem has a bright future, and we’re excited to take ICORanker to the next level of profitability.”
According to a report published by PwC, token sales have raised $13.7 billion in the first five months of 2018 which has doubled the totals from 2017.
Since acquiring the website, Codebase Ventures has broadened the scope of ICORanker.com. The website no longer focuses exclusively on ICOs and now offers marketing services to all token sales, such as initial exchange offerings (IEOs) and security token offerings (STOs). ICORanker also has expanded its news coverage to increase the site’s reputation and visibility.
Codebase Ventures’ Additional Investments and Acquisitions
NOS Blockchain Inc. Joint Venture
In November 2017, Codebase Ventures entered into a joint venture agreement with NOS Blockchain Inc., which provides the company with first right of refusal on all NOS blockchain technologies. NOS is a subsidiary of Nerds On Site Inc., which specializes in providing cost-effective, leading-edge solutions to small and medium-sized enterprises. The company has a client base of over 12,000 and a customer satisfaction rating of 96.5 percent.
“Codebase Ventures has invested $100,000 in NOS to accelerate the development and implementation of NOS’s existing, advanced blockchain technologies,” said Tsafalas. “The leadership team at NOS Blockchain Inc. has an extensive track record of success, building a technology company from the grassroots into a market leader in the IT solutions space. Their advanced stage blockchain technologies are the basis of our decision to structure a joint venture and invest $100,000 at this time.”
ePIC Blockchain Technologies Inc.
In January 2018, Codebase Ventures initially invested $100,000 in ePIC Blockchain Technologies Inc., a blockchain processing hardware provider. ePIC is focused on designing scalable and energy-efficient cryptocurrency mining tools and infrastructure. Currently, ePIC is designing a cryptocurrency chip that is specifically designed for bitcoin mining that should be able to go to market by Q4 2018.
“Codebase Ventures has invested $100,000 in ePIC to accelerate the development of ePIC’s purpose-built cryptocurrency mining chip,” said Tsafalas. “ePIC has a defined focus that resonates strongly with our team. The infrastructure required to mine cryptocurrencies represents a massive business opportunity and we are focused on finding start-up technologies that can empower the blockchain revolution and deliver significant results to our shareholders.”
Codebase Ventures’ Management Team
George Tsafalas — President, CEO and Director
George Tsafalas has extensive experience in senior operational management, corporate business development and corporate finance in the private and public sectors and is an entrepreneur. Currently he is a Senior Partner at Stadnyk and Partners Inc. He specializes in the execution of strategic budget plans and monitors the development of the portfolio programs, including review of the financial objectives and milestones. He has over ten years of senior management experience in the oil and gas sector, as well as in the hospitality industry and professional sports sectors. He has experience in the attraction of private equity capital, including angel investment groups and firms and has assisted in several successful equity capital fundraising efforts.
Jeff Koyen — Chief Strategy Officer
Jeff Koyen is an award-winning journalist and entrepreneur who has been active in cryptocurrency and blockchain as an investor and trader since 2014. As a media strategist and advisor, Koyen is valued for his keen eye for weak signals, emerging trends and early discovery, and he has a proven track record of launching new digital properties for both startups and legacy media companies.
Morie Shacker — Director
Brian D. Keane—Director
Brian Keane serves as a Consultant at Stadnyk and Partners Inc in New York, New York and formerly served as its Managing Director. He has over 17 years of capital markets, investing and C-level consulting experience. He has invested in, advised upon or restructured over 75 emerging growth companies in the US, Canada, Caribbean and Asia, representing over $2 billion in transaction value. He has advised several buy-side investment funds and worked at investment banks including: Rodman & Renshaw, LLC, Ladenburg Thalmann & Co and TechVest. He earned a Bachelor of Science degree from the University of Scranton and a Juris Doctor from New York Law School.
Tatiana Kovaleva has extensive experience working in the capital markets. Over the last 20 years she has served in the capacity of Chief Financial Officer for multiple publicly traded companies.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Codebase Ventures Inc. and seek advice from a qualified investment advisor.
Carbon Emission Reduction and Fuel-saving Technology
dynaCERT Inc. (TSX:DYA,OTCQX:DYFSF,FRA:DMJ) is a Canadian company with a global solution to reduce pollution. The company has developed the next generation of carbon emission reduction technology for diesel engines in the global market, providing significant fuel savings to the operator. dynaCERT’s verified HydraGENTMtechnology uses a proprietary electrolysis system to turn distilled water into hydrogen and oxygen gases on demand.
HydraGENTM is currently sold in North America and Europe for use in on-road applications and diesel generators. Third-party validated testing results show that HydraGENTM is a unique technology with the ability to reduce greenhouse gas emissions by up to 50 percent and enhance fuel efficiency by up to 19.2 percent for diesel engines of all sizes. The company’s strategy is to expand internationally while developing numerous applications of its HydraGENTM technology in multiple vertical markets.
“dynaCERT has established a unique and diversified team around the world, in different jurisdictions, aimed at numerous vertical markets,” said dynaCERT President and CEO Jim Payne. “We have prepared for a future of our proud Canadian company based in Toronto to market its revolutionary technology around the world.”
dynaCERT’s technology is designed for use with all types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining equipment, forestry equipment, marine vessels and railroad locomotives. Through partnerships with industry leaders, major corporations and government bodies, dynaCERT is strengthening its position in the trucking industry while expanding into the light truck, rail, marine and stationary generator markets.
In April 2018, dynaCERT started the Type Approval under Transport Canada and Lloyds Register policies for equipment on marine vessels under the Safety of Life at Sea rules and regulations.
dynaCERT is also targeting the global mining industry as a key market for its technology. HydraGENTM Technology recently earned approval for underground mining applications in Canada. The mining industry is highly dependent on diesel fuel at a time when many mining firms are looking for ways to be more environmentally sustainable. The company showcased HydraGENTM technology at the 2019 Prospectors and Developers Association Convention (PDAC), one of the world’s largest mining conferences.
dynaCERT is gaining a foothold in the European market with the establishment of a wholly-owned company, dynaCERT GMBH, in Germany. TUV NORD and TUV SUD testing and certification were completed in 2018 and the company recently received its KBA Homologation certification. dynaCERT has secured a dealer in Scotland to distribute the HydraGENTM product line across the UK, and has launched a pilot project in Austria to demonstrate emissions reductions from government diesel-powered vehicles.
In Germany, dynaCERT has partnered with Mosolf SE & CO. AG under an MOU that includes a HydraGENTM technology dealer agreement and a purchase order for 1,000 units in 2020. MOSOLF and its subsidiaries will serve as HydraGENTM dealers with the rights to sell and install the technology throughout the European Union. MOSOLF intends to market the technology to the federal and local government entities in Germany. Due to strong demand, dynaCERT shipped the first of one hundred HydraGENTM units to MOSOLF in November 2019, ahead of the 2020 schedule.
In India, the company already has received iCat certification, earned firm orders, signed LOIs with two provinces and through its dealers is continuing in talks with governments of India about the ways dynaCERT’s technology can help address the nation’s major air pollution problems. In the Middle East, the company has established relationships with distributors in the key markets of Dubai and Israel.
dynaCERT has also established a presence in Mexico, through its partner KarbonKleen Inc. To date, KarbonKleen has ordered 400 HydraGENTM units for its clients who supply trucking equipment to the largest labor union in Mexico.
dynaCERT Inc. Company Highlights
- Patented HydraGENTM technology system supplies engines with pure hydrogen and oxygen gases to generate a cleaner, more efficient burn.
- Third-party validation and testing results show greenhouse gas emissions reduction up to 50 percent and fuel savings up to 19.2 percent.
- Award-winning technology, including 2019 German Innovation Awards for Energy Solutions; first prize at the 2019 Mining Cleantech Challenge in Colorado, Top Gold Award in 2018 Edison Awards for Vehicle Advancements and 2019 Gold Certificate Award from the European Society for Quality Research.
- Advancing into European, South Asian and Middle Eastern markets.
- dynaCERT has received approval to market, sell, install and use its HydraGENTM technology in Germany and throughout the European Union.
- Global-scale carbon credit market strategy.
- Establishing market presence in the mining industry with first significant agreement with an original equipment manufacturer.
- HydraGENTM Technology recently earned approval for underground mining applications in Canada.
- R&D facility for large stationary power generator, marine and rail markets.
Key Technology: HydraGENTM
Delivering carbon emission reduction technologies and cutting-edge solutions for a global market.
dynaCERT’s HydraGENTM system is a portable, safe and reliable aftermarket technology that uses distilled water to produce hydrogen and oxygen gases on demand for use in internal combustion engines. The HydraGENTM has the ability to adjust to various concentrations of hydrogen and oxygen mixtures to calibrate the perfect formula for specific engine types, maximizing benefits. The technology is designed with safety features that ensure hydrogen is never stored within the unit nor on board a vehicle.
The system includes a smart electronic control unit (ECU) that reads, collects and stores data pertaining to fuel efficacy and emissions. dynaCERT’s Smart ECU can interface with the onboard computer of any engine and can be remotely accessed by both the company and end-users, allowing for the monitoring of fuel savings, carbon credits and GPS tracking.
“Our team, led by a former RIM technology expert, has developed a smart ECU that is constantly learning, gathering analytics, and using algorithms to modify the flow of gases depending on the condition variables—climate, altitude, hills, torque, humidity, etc.—to find the sweet spot,” said Payne. “That is something that certainly separates us from anything else in the market.”
In May 2019, dynaCERT announced it had received a US patent for its SMART ECU and a second patent in August 2019.
“My team and I worked diligently to build the SMART ECU as a first step to be able to control the HydraGENTM Technology products,” said dynaCERT Senior Technical Advisor David Bridge. “This patent firmly establishes dynaCERT as a Canadian innovator in the field of carbon emission tracking and carbon credit solutions.”
Introducing hydrogen into the air intake of a diesel engine creates a cleaner, more efficient burn.
Conventional emission control solutions treat engine exhaust gases after the burn, at the expense of power and fuel economy. The HydraGENTM system treats toxic emissions at the source.
Benefits of the technology include:
- increased fuel economy
- increased torque
- extended engine oil life
- significant reduction in carbon emissions
dynaCERT announced lab test results for its HG1 unit for class 8 trucks in November 2016. After 20-plus hours of testing, the Automotive Centre of Excellence (ACE) verified HydraGENTM fuel savings and emissions reductions.
“The HydraGENTM’s capability to reach up to 50 percent in the reduction of greenhouse gases and over 19 percent in fuel savings met and exceeded our expectations. Trucks equipped with the HydraGENTM unit can reduce particulate matter by over 65 percent, significantly reducing the black smoke being emitted into the environment,” Payne stated.
In October 2016, dynaCERT also took possession of a new 8,000-square-foot facility. The lease expansion provided the capacity to produce 2,000 HydraGENTM units per shift monthly, at a retail price of US$8,750 or US$10,000 once installed.
In August 2019, dynaCERT launched its HydraGENTM HG2 line. The HG2 units are smaller and provide similar advantages to the HG1 model. The HG2 unit is ideal for use in smaller diesel engines used in buses, class 2 and class 7 vehicles, refrigerator trailers and containers, mobile construction equipment, small generators and smaller trucks typically found in Europe and India.
Diesel Trucking Market
Carbon emission reduction and increased fuel economy are the HydraGENTM’s two most critical features for the transportation industry of today and tomorrow.
The US trucking industry represents an estimated 15.5 million trucks with an average of 192,000 new trucks sold each year and accounts for nearly 13 percent of the nation’s total fuel consumption. Fuel is the number one largest fixed cost for the trucking industry.
dynaCERT,’s initial HydraGENTM unit design is targeted at transport trucks and is capable of delivering three liters per minute. The system is powered directly from the vehicle’s power system for high electrical efficiency. The water reservoir and the rest of the system is contained in a lightweight, impact-resistant, Kraton-modified ABS cabinet that is mounted to the outside of the vehicle.
While initial production is expected to focus on sales to the trucking industry, the company is also poised to become a major supplier of carbon emission reduction technology to the automotive, light-truck, rail, marine and off-grid power sectors.
Fleet management system and application
In December 2016, dynaCERT retained Nektar Data Systems, an international fleet management systems consulting group, to create a fleet management system capable of providing real-time tracking, monitoring, analysis and reporting from data collected by the dynaCERT Smart ECU. Using a portal fully controlled and managed by dynaCERT, HydraGENTM technology users can view their performance in real-time.
To supplement its HydraGENTM technology, dynaCERT has launched a vehicle telematics device software called HydraLyticaTM, which provides easy access to fuel savings and carbon emission reduction reports. The telemetry device allows the company, its dealers and clients to monitor truck engine performance, diesel fuel economy and carbon emission reductions. the calculated savings of diesel and carbon emissions as a truck is traveling. HydraLyticaTM is expected to provide the company with proof to the market that the HydraGENTM technology works as stated.
dynaCERT is working with world-renowned data security software company, Cosario Limited to ensure user privacy with its HydraLyticaTM software. Cosario’s management team were pioneers in the same critical data security software which is now used in international payments systems such as Apple Pay and PayPal. By ensuring data security, dynaCERT can stay compliant with the data privacy laws including the European Union’s General Data Protection Regulation.
In March 2019, dynaCERT initiated carbon credit applications for its HydraGENTM technology. It is estimated that a Class 8 truck traveling long haul routes can generate up to $1,500 euros per year (C$2,278 per year) in carbon credits based on the current market price of $15 euros per tonne of carbon dioxide. dynaCERT’s goal is to create a world-wide program to enable any earned carbon credits to be shared with end-users of its HydraGENTM technology under a contractual subscription program.
dynaCERT’s innovative proprietary software algorithms in its SMART ECU2 can track the creation of carbon credits. The company has added successful fintech entrepreneur Brian Semkiw to its advisory board. Semkiw recently engaged his organization, 3rdGP, to further develop software that will enable the tracking of carbon credits generated by dynaCERT’s HydraGENTM technology. 3rdGP is the world’s first third-generation processing payments company with an emphasis on blockchain and IoT payments processing solutions.
Large stationary power generator, rail and marine markets
dynaCERT has designed a 300 liter per minute HydraGENTM unit for use in large stationary power generation combustion engines for the utilities, rail and marine industries. Nearly three-quarters of installed generating capacity in the Caribbean is diesel-engine based. Wartsila engines are commonly used on transport shipping vessels. Outfitting just one cargo ship could generate close to $1 million in sales. Globally, there are more than 90,000 commercial cargo ships in operation today.
dynaCERT is currently in discussions with mining producers operating globally to employ the HG145-6C technology on their equipment, machinery and mine-site generating stations. The HG145-6C is a multi-cell unit developed by dynaCERT for installation on larger diesel engines used in heavy industry, construction, ships, rail, mining, oil and gas and stationary generators world-wide.
Through its dealer, H2 Tek, the company received an initial order for three HG145-6C large engine HydraGENTM technology products from an international leader in mining for deployment in a large Brazilian open-pit mine as well as another mining company in Argentina. The client is looking to reduce its environmental footprint by reducing the greenhouse gas emissions of its fleet of mining trucks and equipment. H2 Tek is currently in discussions with over 20 large mining companies operating in Chile, Peru, Argentina, Brazil, Mexico and the US to further develop a market for dynaCERT’s technology.
In April 2019, dynaCERT entered into an agreement with Total Equipment Services Inc. (TES), an underground mining equipment manufacturer. It is the company’s first significant agreement with an original equipment manufacturer. TES has become a dealer of dynaCERT’s HydraGENTM technology and is expected to market dynaCERT’s HG145 products to its clients in Canada. The companies are also expected to work together to create new markets for dynaCERT’s products and integrate HydraGEN™ technology with equipment manufactured by TES. In November 2019, TES has launched a user case study involving a comprehensive analysis that will track the effectiveness of the HydraGENTM Technology in underground mining operations by measuring the changes in emissions and fuel economy.
In July 2019, dynaCERT received an initial purchase order for 100 HydraGENTM HG145B units from KarbonKleen. Prior to the purchase order being placed, KarbonKleen had partnered with Alliance Holdings Group, which supplies trucking equipment to one of the largest labor unions in Mexico.
Shortly after the initial order was secured, KarbonKleen placed an order for an additional 300 HG145B units and provided end-users of dynaCERT ‘s technology with a compelling financing alternative. The new financing alternative falls under a monthly subscription service that KarbonKleen has agreed to facilitate.
Customers who sign onto a two-year subscription through one of the company’s dealers are eligible for the KarbonKleen money-back guarantee if their registered trucks drive at least 5,000 miles (8,047 kilometres) per month. If dynaCERT’s technology doesn’t save the client more than its subscription price, KarbonKleen indicates that it will refund the subscription cost.
In November 2019, dynaCERT completed the delivery of the first one hundred and fifty HydraGENTM Technology Units to KarbonKleen for installations in Mexico. KarbonKleen’s clients span five different trade unions under the Confederation of Mexican Workers (CTM), the largest trade union federation in the country. Together these unions control 1 million trucks used for a variety of types of shipments including trans-border to the USA.
“At KarbonKleen, we are very pleased that such a large organization as CTM has placed their confidence in our companies and the HydraGENTM Technology, including our ability to deliver in a timely manner. Such an important project will result in significant fuel savings for workers in Mexico as well as provide a front-line offensive against the grave pollution problem crippling Mexico City, ” said Brian Semkiw, CEO of KarbonKleen.
dynaCERT’s Management Team
Jim Payne — President, CEO and Director
Jim Payne has successfully built and managed his own private companies for more than 38 years. He has years of experience in accounting, business leadership, and the legal aspects of governance. With a strong leadership presence, Payne is leading dynaCERT in a way that has helped to streamline corporate activities, generate growth, form new partnerships, and bring the corporate vision to a reality. Payne also serves as CEO of his privately held consulting, project management and real-estate development company, operating in the GTA and surrounding areas. He graduated from St. Clair College in Construction Engineering, Project Management and Estimating in 1974.
Wayne Hoffman — Chairman
Wayne Hoffman has served as a member of the Corporation’s Business Advisory Committee since October 2007. He is a Chartered Accountant and business executive with one of America’s finest companies, Deere & Company, a corporation that is customer driven and places a heavy emphasis on quality and teamwork. He served as Vice-President, Finance at John Deere Limited for 25 years and President of John Deere Credit for over 8 years. As well, Hoffman spent two years in Deere & Company’s Business Development Dept. responsible for mergers and acquisitions.
Carmelo Marrelli — CFO
Carmelo Marrelli is a Chartered Professional Accountant (CPA, CA, CGA) and serves as Chief Financial Officer of a number of other Canadian public companies including some listed on the Toronto Venture Exchange and the Toronto Stock Exchange.
Robert K. Maier, MBA, P.Eng. — COO, Chief Engineer and Director
Robert Maier, MBA P.Eng., is a Mechanical Engineer who has spent over 30 years building machinery and technology companies. He served as president of MKG Inc., Kaperal Corp, and Semco Technologies which are all Ontario companies. He was also the COO of MTA, a coal-mining equipment manufacturer in Pittsburgh. In addition, he has served as VP Manufacturing for Skyjack Inc. and VP and director for Puma Engineering. All these companies developed and manufactured technology locally and shipped the products worldwide. Since 2011 he has been the President of SPS North America.
Enrico Schlapfer – VP Global Sales
Being Swiss, it is without question that Enrico Schlapfer is a winter sports enthusiast. He has learned there is no such thing as “I can’t” by implementing winter snow sport in the paraplegic and mentally handicapped community. As a result, he brings forward the same mentality “nothing is impossible” to his business protocol. He is a seasoned brand development, sales and marketing professional with over 20 years of experience in multiple industries. His exposure to various business cultures, widely divergent professionals and his fluency in five languages ensures his comfort level in global sales. Before devoting his work full-time to dynaCERT Inc., Sclapfer has had key sales positions in prestigious companies such as Nestle, Traxdata and Targus. In addition, he has served as Sales director and COO in WorldConnect in which he was a business partner.
Khoa Tran—Director of Finance
Khoa Tran, B.A., has over 20 years of financial reporting and accounting experience. This includes over 15 years in management positions in world class global businesses for manufacturing and service environments. He has expertise in cost accounting, financial analysis and reporting, variance analysis and government reporting. Mr. Tran was previously the Director of Finance for a mid-sized manufacturing company and Controller for various mid-sized and Fortune 500 automotive and manufacturing companies with international offices.
Jean-Pierre Colin — Director & Corporate Secretary
Jean-Pierre Colin is a consultant to high-growth publicly listed companies. He has been a recognized senior securities industry executive and effective investment banking professional providing financing and mergers and acquisitions services to numerous prosperous issuers in Canada. As a result of his extensive financial background throughout his career, he has been called to lead teams of corporate finance professionals at national securities dealers, such as Richardson Greenshields, JP Colin Securities, Deacon Capital, Octagon Capital and Desjardins. He has also served as a high-profile corporate board director and C-suite executive of numerous public companies, often chairing audit committees, compensation committees and corporate governance committees, including with Premier Gold Mines; Wolfden Resources, sold to Zinifex for over $350 million; Virginia Gold whose Eleonore property was sold to Goldcorp for over $ 1 billion; and, Pelangio Mines, the former controlling shareholder of Detour Gold, one of Canada’s largest gold mining operations. Mr. Colin holds a DCS from McGill University where he studied Biology & Engineering, an MBA from the University of Western Ontario, a Law Degree from the University of Ottawa and also practiced corporate law prior to his investment-banking profession
Dr. Richard Lu — Director
Dr. Richard Lu has more than 25 years of global experience developing and implementing business strategies for organizations in North America, Europe and Asia. He has extensive experience in the energy industry. He was the President of Sky Solar (Canada) Ltd., and a Managing Director at Sky Solar Holdings Co., Ltd. Dr. Lu was the VP of Business Development at ARISE Technology Corporation, where he was instrumental in securing its long-term supply chain funding of close to $1 billion dollars. He also previously held the position of Chief Conservation Officer and VP of Toronto Hydro Corporation, where he developed and executed a sweeping portfolio ($110 million) of Conservation, Demand Management and Distributed Energy programs and was instrumental in creating an energy conservation culture in Ontario. Prior to that he was the Vice-President of Environment, Health and Safety, ensuring Toronto Hydro Corporation’s commitment to providing a safe and healthy workplace for employees and the strategies for achieving sustainable development and growth are successfully met. Lu has held senior positions with Enbridge Gas Distribution, Husky Injection Molding Systems Ltd., and Dillon Consulting.
Ronald Perry — Director
Ronald Perry serves as Vice-President of Metanor Resources and has been its Treasurer and a Director since March 2007. Perry has over 35 years of accounting, financial and entrepreneurial business experience in high technology, venture capital and merchant banking companies. Since the year 2000, he has been the Founder and serves as President of Briolijor Corporation, a financial consulting company to both private and public corporations. Perry has been involved in all facets of business including statutory reporting, internal controls, legal aspects as well as all administrative responsibilities. He serves as a Director of Manitex Capital Inc. and was a Director of Pinetree Capital. Perry is a Chartered Accountant and holds a Bachelor of Commerce in Accounting and Business Administration from the Concordia University. He also has a Graduate Diploma in Accountancy from the Concordia University.
Dr. Elliot Strashin — Director
Dr. Elliot Strashin brings with him a wealth of experience across a number of industries. His involvement with public mining companies began with Maple Minerals from 1996 to 2001, where he served as a director. In April of 1999, he joined the board of Canadian Golden Dragon Resources as Corporate Secretary and became President and CEO in January of 2000. He continues to serve Dragon under its new name, Trillium North Minerals, as CEO and President. Dr. Strashin is also CEO and President of Strashin and Sons Limited, a private real estate development company that specializes in LEED1 certified, green building. dynaCERT’s plant and offices are located in one of these buildings. In keeping with his green focus, Dr. Strashin has also involved himself in green technologies as a co-founder of Ellsin Environmental Ltd., which has built a prototype tire recycling plant in Sault Saint Marie and is a wholly-owned subsidiary of Environmental Waste International Inc. He is also a 50 percent shareholder and CFO of Puma Hydrocarbons, a company whose purpose is to promote and generate sales for green technologies, including dynaCERT products.