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Looks like that hype and swipe ended abruptly.
LOL
Back to the cellar with massive dilution on the horizon.
Trip zeros cometh.. just half a cent away.
Better out with a loss than a tombstone.
GLTA & JMO
Timmmmmber..
The pump is done. Only a sucker would hold through this dilution.
Better out with a loss than a tombstone.
GLTA & JMO
Thats why it was a Reverse Merger and the CEO had to give up control to the new guys.
And then shares traded hands.
Now the company is losing even more money and has even more outstanding shares.
Like I said.. they have no money to make acquisitions and if they are hoping to leverage more shares then they are acquiring companies that bring even less value to the table than Ponder and Hayter do.
I feel sorry for everyone trapped in this investment quagmire.
GLTA & JMO
They have NO money to buy anything!
Geez.
Negative cash flow and no money does not a winner make.
The only thing being bought is the boat and it doesnt come with any paddles.
LOL
I cant even make this stuff up.
GLTA & JMO
CBLT Purchases Another Gold and Cobalt Asset in Sudbury
Burlington, Ontario--(Newsfile Corp. - December 18, 2017) - CBLT Inc. (TSXV: CBLT) ("CBLT") is increasing shareholder value by leveraging its existing assets and acquiring new ones at shareholder-friendly pricing.
Cobalt is a key ingredient in the cathode of rapid charge / discharge lithium-ion batteries, without which electrification of the motor vehicle industry cannot take place. Cobalt is in a global deficit position and in CBLT's view requires a Canadian ethical supply chain to alleviate the human suffering underway in the Congo.
This global deficit is reflected in the London Metal Exchange price for cobalt, which has been driven from a low of USD$21,750 per tonne in February, 2016 to a recent high of USD$75,000 per tonne. The continuing upward movements in cobalt pricing has brought attention to Canadian cobalt assets from foreign companies.
CBLT recently brought an Australian partner into the historic silver-cobalt Gowganda Camp. CBLT announced an agreement on Dec 6/17 with Winmar Resources Limited (symbol WFE on Australian Stock Exchange) pursuant to which CBLT will sell its Bloom Lake Property and option two others in the Gowganda Camp to Winmar. The option imposes minimum-spend exploration requirements on Winmar at each of the optioned properties. CBLT has received the deposit required from Winmar under that agreement, and closing is expected in early January, 2018. CBLT will continue to own its other assets in the Gowganda Camp. A finder's fee equal to 40,000 shares will be paid to an arm's length party on closing.
Management has received offers from interested third parties concerning the sale, option, or joint venture of some of CBLT's other Canadian assets. Negotiations are underway, the details of which will be disclosed at the appropriate time.
Today CBLT announces it has entered into a binding letter of intent (the "Agreement") with an arm's length prospector (the "Vendor") to purchase two claims (the "MacTrack Claims") near Sudbury, Ontario.
The MacTrack Claims are northeast of CBLT's existing Falconbridge Township flagship gold and cobalt property, and are in management's opinion highly prospective for cobalt and gold. They total 29 units covering roughly 1300 acres, and appear to management to be underlain by Nipissing Gabbro in contact with sediments of the Gowganda Formation. Historically, gold and cobalt values have been encountered by third parties on the sediment-gabbro contact on the MacTrack Claims. Further, one of CBLT's directors has first-hand knowledge of these claims as he previously carried out exploration activities for a third party at MacTrack.
Historic results, which were conducted by third parties and cannot be relied upon until CBLT carries out further exploration, technical due diligence and data compilation, include:
~ a 50 foot shaft sunk in 1923 which yielded results of 5 to 6 ounces of gold per tonne
~ a grab sample from 1999 of 3.8 grams of gold/t and 0.1% cobalt; and
~ a September, 2017 grab sample which assayed 85.6 grams of gold/t and 0.11% cobalt
The purchase price to be paid on the closing subject to regulatory approval for the MacTrack Claims is $10,000 cash and $15,000 in CBLT common shares to be issued at eight ($0.08) cents per share. CBLT will also grant the Vendor a 2% NSR, one-half of which can be repurchased at CBLT's option at any time for $1,000,000. Closing will take place following the satisfactory completion of legal and technical due diligence. No finder's fee is payable on this transaction.
"The Sudbury mining area is world famous for rich poly-metallic assets," said Peter M. Clausi, CBLT's CEO. "The CBLT business plan is based on the efficient acquisition of such assets, proving up value in those assets, and realizing that increased value with third party partners. The world needs Canada's cobalt."
CBLT also announces that results are pending at two of its other Ontario properties from recent work carried out by the Government of Ontario. In particular, results are expected shortly from samples taken at Otto Township and at CBLT's flagship gold and cobalt asset in Sudbury. CBLT will disclose these results as they are made available to it.
Finally, CBLT has closed the previously announced financing consisting of $35,000 (thirty-five thousand dollars), at eight cents per unit with each unit consisting of one share and one 18-month 10-cent warrant. A finder's fee of 5% was paid in respect of this financing.
CBLT is a Canadian mineral exploration company with a proven leadership team, targeting cobalt in reliable mining jurisdictions. CBLT continues to be a project generator and an efficient steward of its shareholders' capital.
LOL.
More liabilities.
Look out below folks.
Once the new guys figure out whats going on they will dump without a second thought.
And dilution doesnt like competition.
GLTA & JMO
Funny thing about stocks that go into the toilet is that the pumps get shorter, the PR's get more desperate and the news gets less detailed.
LOL
And the AS/ OS get ventilated on the way down.
The pattern continues.. just wait until the rest of the brokers can pile into the BID.
Theres a reason insiders lagged on certain propagation details..
Its all sketchy AF.
I cant even make this stuff up.
GLTA & JMO
Dont worry about the negative cash flow and negative profits.
Its all about the pump right now.
They need to get this up ahead of brokers releasing the trades on the new symbol.
And then DILUTION will bring it back to a new low.
Just like last time. A new slew of hopeful shareholders will join the inconvenient truth club.
Get ready.
GLTA & JMO
Exactky. Once the symbol change fully propagates the pump will be on the the backslide. And the 250M shares will be pouring into the OS.
Last call for alcohol.
LOL
The pattern continues..
GLTA & JMO
How typical for the PR to come out after the symbol change and 250 Million shares being ready to dump.
The pattern continues.
Watch where this ends today.
GLTA & JMO
Its nice to have “goals” and “dreams”.
Today shareholders are only left with nightmares and now a symbol/name/AS change.
LMFAO
I cant even make this stuff up.
GLTA & JMO
ASK should reappear now.
Lagging propagation has mitigated BID/ASK quotes and orders.
$1,500 in volume us nothing to get excited about.
An inconvenient truth resumes shortly.
GLTA & JMO
Geez.
Its because someone requested the board ticker change!
Yes the admin does the actual button pushing but its due to a Moderator request.
I cant even make this stuff up.
GLTA & JMO
It doesnt. Someone changed the Board Name.
It doesnt automatically change on its own. Duh.
Hopefully for shareholders insiders didnt fumble this symbol change or its going to be in limbo for a while.
GLTA & JMO
Check again:
http://www.otcmarkets.com/stock/MVTG/quote
Still there.
GLTA & JMO
Looks like the BID evaporated and the ASK sagged today.
LOL
Too bad. WASH in full effect.
GLTA & JMO
With the name change..
We are officially in the WASH Cycle.
I feel sorry for everyone trapped in this nightmare.
GLTA & JMO
Nobody is shorting this disaster.
Its doing a good enough job in eroding the PPS on its own.
Soon the dumping will begin.
Did you hear about the idiot who presented at an "investors" conference and spent more money on coffee than it brought in? LOL
Better out with a loss than a tombstone.
I cant even make this stuff up.
GLTA & JMO
Less than $1K traded today.
LOL
That presentation must have really inspired some buying. *wink wink*
250 Million shares coming to a dilution dump near you.
And then some.
GLTA & JMO
Remember the bet. LOL
January 1st is two weeks away roughly.
MVTG still floundering and getting ready to dump another 250 Million shares... followed by another 250 Million shares.
Yikes.
GLTA & JMO
Down 17% after the presentation?
LOL
Looks like they scared off any potential sponges with their fictitious claims.
I wonder how many people laughed out loud when they started talking about projections.
Damn company cant even figure out what business they are in.
LOL
I cant even make this stuff up.
GLTA & JMO
Its an antiquated and desperate approach by dinosaur insiders looking for some green investors to dump on.
No legitimate investors conference would let MVTG near their audience.
Believe it.
GLTA & JMO
Yep.
Its a LowBrow investment community that caters to the uniformed.
Perfect for MVTG to dump some shares.
GLTA & JMO
I hope they put more thought into their strategy then they did their slide deck.
LOL
Im sure there was a good chuckle from the crowd when they saw this doozy.
LMAO
I cant even make this stuff up.
GLTA & JMO
The Government of Canada and 16 Canadian companies join forces to highlight Canadian clean-technology expertise to China
December 7, 2017 – Shanghai, China
The Minister of Environment and Climate Change, Catherine McKenna, released the following photo and quote after a successful engagement with the Canadian companies on the clean-technology trade mission to China.
Quotes
“Canadian companies have expertise and solutions to offer. For example, hundreds of millions of Chinese citizens are served by Canadian ultraviolet water- and wastewater-treatment technology. Engaging with China on clean technology continues to be a priority, and the Government of Canada is supporting Canadian companies to make further inroads into the Chinese market.”
– Catherine McKenna, Minister of Environment and Climate Change
Associated Links
A.U.G. Signals
Biorem
Biothermica
Cypher Environmental
David Bromley Engineering
Echologics
GHGSat
Hi-Velocity Systems
NELSON Environmental Remediation
Pure Technologies
Quadrogen Power Systems
Saltworks
Shell Cansolv Technologies
Solstice Canada Corp.
Terragon Environmental Technologies Inc.
Xebec Adsorption Inc.
Contacts
Marie-Pascale Des Rosiers
Press Secretary
Office of the Minister of Environment and Climate Change
613-883-4948
marie-pascale.desrosiers@mobile.gc.ca
Media Relations
Environment and Climate Change Canada
819-938-3338 or 1-844-836-7799 (toll free)
ec.media.ec@canada.ca
MVTG cant even get its story straight.
They will just keep twisting words to get someone to fall for another hype and swipe.
Are we in the wash or the rinse or repeat phase?
LOL
I cant even make this stuff up.
GLTA & JMO
The real question is if things are so blue sky near term why are insiders at a such a low-brow event.
LOL
Birds of a feather flock together.
Get ready.
I feel sorry for everyone trapped in this investment nightmare.
Not even a paid pump can get this one off the mat.
GLTA & JMO
Be sure to tune in to see the entire room burst out laughing.
Maybe a few questions from the audience asking where's the beef and to share what Ponder is smoking. *wink wink*
LOL
Wait for it.
The audience may turn into an angry mob. Its been known to happen when CEO's start blowing smoke.
GLTA & JMO
.005X
And insiders trying to find new shareholders for charitable donations.
The history of MVTG and its insiders is downright deplorable.
The market never forgets and wont be fooled again.
Another 500 Million shares will bury existing shareholders so deep they wont have any value left to recover.
Better out with a loss than a tombstone.
Get ready for the spigots of dilution to be opened wide.
GLTA & JMO
CBLT Brings Australian Partner to Gowganda
Burlington, Ontario--(Newsfile Corp. - December 6, 2017) - CBLT Inc. (TSXV: CBLT) ("CBLT") announces that it has entered into a binding agreement (the "Agreement") with Winmar Resources Ltd. (Winmar) to advance three claims (the "Claims") now owned by CBLT in the historic Cobalt-Gowganda silver-cobalt mining district of Ontario.
Winmar is an Australian mining company listed on the Australian Stock Exchange under the symbol "WFE", led by what CBLT believes to be a quality management team.
The Claims are located peripheral to a cluster of former silver-cobalt mines at Gowganda, 85 kilometres northwest of the town of Cobalt, which mines operated from 1910 to 1989. Production from this region to the end of 1969 was 60.1 million ounces of silver and 1.4 million pounds of cobalt.
Cobalt is an mandatory ingredient in the cathode of lithium-ion batteries, without which electrification of the motor vehicle industry cannot take place. Cobalt is in a global deficit position and in CBLT's view requires a Canadian ethical supply chain to alleviate the human suffering underway in the Congo.
Under the Agreement:
Winmar must immediately deliver a refundable deposit of AUD $15,000 to CBLT which deposit becomes non-refundable on the completion of Winmar's due diligence review and will then be credited against the purchase price on closing of the Bloom Lake sale, as per point 2 below;
Winmar will purchase the Bloom Lake claim block for consideration of AUD $50,000 cash (less the deposit) plus AUD $50,000 in Winmar common shares issued to CBLT at a price of AUD $0.003. Closing is expected to take place in early January, 2018;
Winmar will make an immediate payment to CLBT of AUD $20,000 cash, for which Winmar acquires a twelve-month option to purchase either or both the United Reef claim block and the Calcite Lake claim block (each an "Option" and together the "Options");
Winmar can exercise an Option to purchase either or both of the United Reef and Calcite Lake claim blocks by paying to CBLT AUD $50,000 cash per claim block and AUD $50,000 in common shares per claim block, to be issued to CBLT at a share price equal to Winmar's closing share price on the Australian Stock Exchange on the day the Option or Options are exercised, provided that the issue price of such Winmar common shares will not be any lower than AUD $0.003 per share.
Each Option vests upon the completion of at least CAD $50,000 of exploration activity on each claim block during the term of the Option; and
the Options immediately lapse if trading in Winmar's shares is halted for seven consecutive trading days.
Winmar has advised CBLT that it intends to complete an initial ground reconnaissance of the Bloom Lake claim block during December, 2017 using a local independent geologist. CBLT intends to provide whatever reasonable co-operation it can to Winmar to accelerate the exploration of the Claims. CBLT has undertaken to manage, under Winmar's direction, the field programmes on the Claims at cost plus a 10% management fee payable to CBLT.
"We have been approached by several companies looking to partner into our Gowganda assets," said Peter M. Clausi, CBLT's CEO. "We have a high degree of confidence that the Winmar team is the right team to advance these three assets. The world needs Canada's cobalt."
Following closing, CBLT will continue to hold interests in the Gowganda area through its 100% ownership of Corkill / Lawson and Farr.
CBLT is carrying out surface work at its main gold /cobalt asset in Sudbury, Ontario, with a view to carrying out a drill program in 2018. The drone aerial survey contemplated for this year at Chilton Cobalt in Quebec cannot be flown until the local weather is more suitable.
CBLT is a Canadian mineral exploration company with a proven leadership team, targeting cobalt in reliable mining jurisdictions. CBLT continues to be a project generator and an efficient steward of its shareholders' capital.
Just google Larry and his escapades.
Really eye-opening.
And being sued by the BC government.
Like I said.
If one sleeps with dogs, they get fleas.
This company is fleecing shareholders in broad daylight.
Cant even put out a decent PR without the BID crumbling.
GLTA & JMO
More garbage.
This company seems to like to deal with sketchy individuals and low-brow organizations.
No wonder its at .005x with barely an volume.
Insiders cant wait to throw another 500M shares into the BID.
Believe it.
MVTG is the laughing stock of pinkyland.
GLTA & JMO
Dont forget the pot of gold and a unicorn.
LOL
MVTG will say anything to create a BID to sell into these days.
GLTA & JMO
Xebec Honoured as an EDC Cleantech Export Star
MONTREAL, Quebec (FSCwire) - Xebec Adsorption Inc. (XBC) (Xebec), a global provider of gas generation, purification, and filtration solutions was honoured this past week by Export Development Canada. EDC announced Xebec had been selected among a field of over 850 companies as one of three Canadian Cleantech Export Stars that have bridged the gap between domestic and international success in the cleantech industry. Hydrogenics and Ostara Nutrient Recovery Technologies were similarly honoured.
The naming of our first ever Cleantech Export Stars is a great way to showcase the amazing potential that Canadian cleantech companies can realize by thinking globally from the get go, said Carl Burlock, Senior Vice President, Financing and International Growth Capital, EDC. EDC is the largest provider of financial solutions for cleantech companies looking to export internationally and were excited to be a part of the innovation boom happening in Canada in this sector.
EDC also announced it expected to provide more than $7 billion in financial solutions for Canadian companies through 2020 during an Economic Club of Canada breakfast in Ottawa, which was attended by a whos who of Canadas cleantech community. Kurt Sorschak, Xebecs President & CEO, was invited as a Panelist to speak to the group about the companys experience in breaking down barriers to become a leading technology player on the world stage.
For more information:
Xebec Adsorption Inc.
Sandi Murphy
Marketing & Communication Manager
+1 (450) 979 8718 smurphy@xebecinc.com (mailto:smurphy@xebecinc.com?subject=Press%20Release)
About Xebec Adsorption Inc.
Xebec Adsorption Inc. is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Its customers range from small to multi-national corporations and governments looking to reduce their carbon footprints. Headquartered in Montreal (QC), Xebec designs, engineers and manufactures innovative and transformative products, and has more than 1,500 customers worldwide. With two manufacturing facilities in Montreal and Shanghai, as well as a sales and distribution network in North America, Europe, and Asia, Xebec trades on the TSX Venture Exchange under the symbol XBC. For additional information on the company, its products and services, visit Xebec at xebecinc.com (http://www.xebecinc.com).
There is no deal.
Its one of those wash rinse repeat shell games.
They just approved a name change and an increase in the AS.
Look at the latest financials.
GLTA & JMO
Biogas RNG outpacing even solar in growth potential
05/31/17 12:04 PM By Jonathan H. Harsch
Expect to hear lots more about renewable natural gas (RNG) or biomethane, the versatile biobased fuel that’s fully interchangeable with fossil-fuel natural gas.
One reason to expect dramatic growth for RNG is that the petroleum industry’s fracking surge has unleashed abundant, low-cost natural gas. And fracking has triggered new investment in pipelines and other infrastructure to deliver natural gas to the electricity market as more utilities switch from coal to natural gas to improve both economics and responsiveness. Adding to new demand, more trucking fleets are filling up with natural gas rather than gasoline or diesel. With the private sector’s growing determination to address climate change, an increasing portion of this demand is shifting to RNG.
American Biogas Council Executive Director Patrick Serfass says another factor behind RNG growth is that the U.S. is generating:
66,500,000 tons of food waste each year,
Manure from 8 trillion cows, chicken, turkey and pigs, and
Sludge from 31 trillion gallons of wastewater every day.
Currently, most of these potential energy sources are literally wasted, at high costs for handling and disposal. The good news is that over 2,200 biogas facilities across the U.S. are already turning that problem into profits, cleaner air, and new jobs.
Adding to the challenge is the fact that keeping American consumers fed requires supplying the U.S. farm sector with steady flows of nitrogen and phosphorus. Fortunately, today’s 2,200 biogas plants – including one at Fair Oaks Dairy Farms in Indiana to handle the manure from 36,000 cows – pump out not only fuel for electricity generation and transportation but a full range of fertilizers and other soil amendments.
Serfass points out that as long as the U.S. has to handle an immense waste stream and keep farmers supplied with fertilizers, it makes sense to solve both inescapable challenges with biogas and RNG. He explains that turning the organic wastes from food production, livestock manure, wastewater treatment plants, and municipal solid waste into high-energy, climate-positive biogas is a profitable first step. This first stage creates significant economic and environmental benefits.
The benefits multiply in the second stage – turning biogas into RNG by cleaning the biogas so that it can be pumped into the nation’s natural gas pipelines for distribution.
Speaking at last week’s “Powering Businesses, Homes and Vehicles with Waste” briefing sponsored by the American Biogas Council (ABC), the Coalition for Renewable Natural Gas (CRNG), and the Environmental and Energy Study Institute (EESI), Serfass explained that both in dealing with waste and supplying fertilizers, “we have to do all that anyway.” As a result, he said, it’s “a no-brainer that we need to be building more biogas systems.”
With the potential to build another 13,500 new biogas and RNG systems across the U.S. to use existing waste resources, Serfass concludes that “We could be putting $40 billion in construction spending into our economy, creating 335,000 short-term construction jobs and 23,000 permanent jobs once those systems are built and become operational.”
Also speaking at the briefing, CRNG CEO Johannes Escudero pointed to RNG’s dramatic growth. In 2011, there were 31 operating RNG projects in the U.S., with virtually all of the gas used for generating electricity “to displace coal and complement geologic natural gas.” Today’s 57 operating plants in 27 states serve a broader market, with 24 percent of the RNG used for off-site power generation and 76 percent for transportation fuel.
Escudero noted that with another 22 RNG projects in the works and more vehicle fleets switching from fossil fuels to RNG, CRNG expects that 2017’s 375 million ethanol gallon equivalents (EGE) of RNG use will turn into more than 622 million EGE for 2018. The 2018 forecast pegs the breakdown to include the same 81 million EGE for off-site power generation while transportation fuel grows from 294 million EGE for 2017 to 541 million for 2018. This shift will mean just 13 percent of the RNG being used for power and 87 percent for transportation fuel.
Escudero added that with other sources of cellulosic biofuels far below expectations, RNG has been supplying 98 percent of the federal Renewable Fuel Standard (RFS) qualified cellulosic biofuel in the U.S. market since 2014.
Increasingly, he said, federal programs led by the RFS and state programs led by California’s Low Carbon Fuel Standard (LCFS) are driving production of RNG as an “ultra-low carbon transportation fuel for a new generation of medium- and heavy-duty natural gas vehicles.” To meet this growing demand, he said that after developing 22 projects from 1985 to 2010 and 31 projects from 2011 to 2016, 22 more are being developed currently, with $352 million in RFS-related project construction investment expected in 2018.
Both Escudero and Serfass, however, emphasized that protecting the RFS along with other federal and state programs will be essential for RNG to achieve its full potential to supply energy, fertilizers, and a rich array of environmental benefits.
Pointing to President Trump’s proposed 2018 federal budget that targets a broad swath of federal programs related to renewable energy for either steep cuts or elimination, Serfass called the proposals “not great news for those of us that care about renewable energy.”
Instead of cuts, Serfass called for continuing to fund threatened federal programs. They include the RFS at EPA, USDA’s Rural Energy for America Program, Bioenergy Program for Advanced Biofuel, Biorefinery Assistance Program, Biomass Research and Development Initiative, Environmental Quality Incentives Program, Conservation Innovation Grants, and Agricultural Research programs; and the Energy Department’s Bioenergy Technologies Office, Vehicle Technology Office, and Fuel Cell Technologies Office.
“We need to protect these programs more than ever,” Serfass said. “Let’s make sure that funding stays in these programs.”
Link: https://www.agri-pulse.com/articles/9313-biogas-rng-outpacing-even-solar-in-growth-potential
Xebec Adsorption Inc.
Xebec Adsorption Inc. is a homegrown Canadian gas purification technology company experiencing global success. Headquartered in Blainville, QC, Xebec designs, engineers and manufactures innovative products that transform raw gases into marketable sources of clean energy.
Founded in 1967, Xebec was originally a compressed air dryer manufacturer. In 2006, when the large conglomerate that had bought Xebec years before planned to close and sell Xebec, Kurt Sorschak, General Manager of Xebec at the time, and his two partners decided to buy the company. In 2007, Xebec Adsorption Inc. was formed. Sorschak, now President and CEO of Xebec, saw the potential of renewable natural gas (RNG) and in 2009 Xebec bought a biogas purification technology firm in Vancouver through a reverse takeover and Xebec became a public company. Following the buyout, Xebec shifted their attention from gas drying to gas purification.
In 2009, renewable energy such as wind and solar had started to gain significant traction and Sorschak and his partners expected RNG to follow the same path. Sorschak, who is originally from Austria, was familiar with the longer history of biogas utilization in Europe for RNG and transportation, especially in Germany and Sweden. From 2009 to 2016, Xebec invested in developing their purification technology for the nascent RNG industry. When the RNG industry began to rapidly grow in 2016 driven by renewable fuel regulations in the United States and Europe, Xebec was ready with a reliable, field-tested technology to supply to the market.
Xebec is one of the pioneers of biogas upgrading in Canada. They have participated in developing purification technologies locally since the early 2000’s. With their relatively long history in the industry they have sequentially made improvements on performance and reliability of the technologies. The advantage of their adsorption technology is the low operating pressure, 4-6 bar, and high methane recovery rate, 99% for digester biogas and 98% for landfill gas. Xebec’s adsorption systems have a small footprint and are designed to give the customer the lowest operating costs, high reliability, and high revenue.
Sorschak recognizes that with the emergent RNG sector, it can be difficult for clients to determine the best technology since historically there have been limited installations to reference. However, now more and more projects are in operation across the globe, people can see what type of technology works well and reliably. Sorschak notes “The market is starting to realize what is reliable and achieves results, I am pleased to see that our adsorption system is one technology that is making it to the foreground.”
On November 27th, 2017, Xebec was recognized by Export Development Canada as one of three “Cleantech Export Stars”. Xebec has had international success and recently announced more than $9.8M in recent biogas orders from Europe and China. Currently their technology is being used on half of the biogas upgrading projects in France. Along with their headquarters and manufacturing facility in Blainville, QC, they have a second manufacturing facility in Shanghai and sales offices in Texas and Italy.
Sorschak sees a bright future for the biogas upgrading industry and notes that due to regulations the market is considerably larger than it was 18 months ago. There is an increased need to utilize renewable energy, and while renewable electricity can be produced in many ways there are only a few options for renewable fuels. Looking forward, Sorschak predicts “There will be a large sector of heavy duty transportation trucks that will move from diesel to natural gas to RNG, and we are confident that Xebec is well positioned to play a role in this transition.”
Xebec joined the Canadian Biogas Association in 2015. They became members because they recognize the importance for competitive emerging industries to organize to communicate the vision of the sector to drive growth. Sorschak adds that “The industry relies on organizations such as the CBA to fulfil this function and convey the benefits of RNG to politicians, lawmakers and government.”
Link: https://biogasassociation.ca/index.php/featured_member/member/xebec_adsorption_inc
Omni-Lite Industries Reports Third Quarter 2017 Results, New Orders and Updates on Hot Heading Project
Omni-Lite Industries Canada Inc. (the "Company" or "Omni-Lite") (TSXV:OML) (OTCQX:OLNCF) is pleased to announce that it has received new contracts worth over $1,049,962 US. Of these orders, 70% are in the Aerospace Division, 26% are in the Specialty Automotive Division, and 4% are in the Sports and Recreational Division. “This brings the total value of the new orders announced since the start of the year to approximately $5,850,000 US,” stated Allen W. Maxin, President. “At today's exchange rate this would be approximately $7,540,000 CDN.”
In addition to the four new aerospace projects announced in previous press releases, the Company is pleased to announce three additional new aerospace programs. These additional programs are with large current customers. "As the aerospace industry in Southern California continues to evolve, Omni-Lite has recently been approached to undertake several programs in addition to those noted above. The accelerating trend of large integrated tier one aerospace suppliers outsourcing to nimble, high technology companies like Omni-Lite is consistent with the need of our customers to maximize their internal resources to improve their efficiencies," stated Allen W. Maxin, President. “These aerospace industry trends toward outsourcing will play a key role in the Omni-Lite growth strategy for the next several years."
Of particular significance, the Company has been advised by one of its major military customers that upon completion of an important internal review the customer reaffirmed its commitment to continue outsourcing two major product lines currently manufactured by Omni-Lite. It is anticipated that this decision will have a positive contribution toward the Company's military endeavors.
Omni-Lite would also like to update on the progress on the hot heading test center. Since the completion of the system in the early second quarter of 2017, the research and development has focused on one critical, high volume family of components for the aerospace industry. Recent progress indicates that certain components in this family can be successfully manufactured on the hot heading test center. "Of particular significance the Company is seeing additional interest from other customers, for other new programs, as the hot heading development at Omni-Lite accelerates," stated Michael Walker, VP of R and D.
The Company would also like to note that the white reflective roof coating and the large solar system on the rooftop are almost completed. The Company plans to have the solar system operational in the next thirty days, at which time this system should produce 50% to 60% of the Company’s power requirements.
For the nine months ended September 30, 2017, Omni-Lite Industries Canada Inc. is pleased to report revenue of $5,496,097 US. In the first nine months of this fiscal year, cash flow from operations(1) was $1,706,646 US. EBITDA(1) was $1,640,665 US. Net income was $1,135,007 US, up 5% over the prior period. EPS increased 12 percent in Q3 2017 to $0.11 US. "Revenue in the nine months was lower than anticipated, in large part, due to significant procurement delays in customer supplied aerospace feedstock," stated Vern Brown, Manufacturing Manager. "The resolution of these issues should lead to higher production in the factory and faster turnaround to the customer."
Omni-Lite Industries Canada Inc. is a rapidly growing high technology company that develops and manufactures mission critical, precision components utilized by Fortune 100 companies including Boeing, Airbus, Bombardier, Embraer, Alcoa, Ford, Borg Warner, Chrysler, John Deere, the U.S. Military and Nike.
For further information, please contact
Mr. David Grant, CEO
Tel. No. (562) 404-8510 or (800) 577-6664
Cell. No. (714) 757-8863
Email: d.grant@omni-lite.com
2017 Cleantech Export Star: Xebec Adsorption Inc.
Export Development Canada has worked with Xebec Adsorption Inc. since 2012, providing a package of financial supports, including loan guarantees, credit insurance and project bonding. These products help limit buyer risk allowing companies like Xebec to complete sales and establish themselves in new markets.
From its roots building commercial air dryers in Blainville, Qubec, Xebec has evolved into a world-leading provider of innovative technologies to transform raw gases into marketable sources of reduced-carbon and zero-carbon fuels. These include “associated gas”, the natural gas found with oil that traditionally has been burned off and lost; “biogas”, an organic ‘waste’ product that can be converted into renewable natural gas (RNG); and purified hydrogen fuel.
Non-traditional energy sources provide an alternative to higher-carbon diesel, propane or heating oil, with significant potential to reduce greenhouse gas emissions. They also are among a handful of fuels that can be substituted into major parts of the world’s existing transportation system with relatively little retooling, presenting a multi-billion-dollar business opportunity with significant upside for Canadian exports.
“Raw gases were still a relatively open and unfamiliar corner of the clean technology world when we started working on them, and it took a lot of effort to proof our technologies and get the first commercial projects off the ground,” says Kurt Sorschak, Xebec’s President and CEO. “But we clearly saw its commercial potential and had our sights firmly set on getting our products out into international markets.”
Xebec’s years of work started paying off as world demand for cleaner fuels began to grow due to aggressive renewable fuels mandates and other alternative energy policies introduced by the European Union, the U.S. Environmental Protection Administration (EPA) and other regulators.
“The opportunities are there, but one of our biggest stresses has been the hesitancy of some customers to try new technologies without project guarantees and financial supports,” Mr. Sorschak says. “EDC has stepped in to fill that void, which has made all the difference in our ability to complete sales. I can honestly say that without this support we wouldn’t have been able to achieve the growth we have had.”
Today, 80% of Xebec’s sales come from exports to the U.S., Asia, and Europe – most notably France, where it recently became the market leader. Its international footprint now includes sales offices in Singapore, Houston, Texas, and Erbusco, Italy, and a modern sales and manufacturing facility in Shanghai, China.
EDC understands the potential impact of Xebec’s technology on global warming and the jobs and economic opportunities it can bring to Canada, and we recognize them as one of Canada’s “Cleantech Export Stars”.
https://edc.trade/edc-cleantech-export-star-xebec/
Damn.. another RED Day in Mantra-ville - even after a PR.
Looks like someone was selling shares into the hype. *wink wink*
Look out below folks. Some shareholders will wish they never heard of this investment quagmire come 2018.
Its just one red flag after another.
GLTA & JMO