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Sherritt Announces Ratification of Payment Plan by Cuban Partners

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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES

TORONTO–(BUSINESS WIRE)–Sherritt International Corporation (“Sherritt” or the “Corporation”)
(TSX:S) today announced that its Cuban partners have formally ratified
an overdue receivables agreement (the “Agreement”) for repayment of
amounts owed to Sherritt from Energas S.A. (“Energas”) of US$150
million, and have made the first monthly payment of US$2.6 million to
Sherritt in Canada in accordance with the terms of this Agreement. The
overdue amounts from Energas relate to Sherritt’s power business in
Cuba, and include a loan provided by Sherritt to fund the expansion of
power production facilities at Boca de Jaruco.

“Ratification of the overdue receivables agreement by our Cuban partners
is an important step in addressing our Cuban receivables issues.” said
David Pathe, President and CEO of Sherritt International. “We would like
to thank our Cuban partners and government officials for their efforts
in ratifying the agreement in light of recent geopolitical developments
that have impacted the country. We continue to work with our Cuban
partners to try to ensure that current receivables are paid on a timely
basis. Sherritt and our Moa Joint Venture (“Moa JV”) partner will be
celebrating 25 years of collaboration later this year, and we look
forward to ongoing cooperation, particularly as demand for Class 1
nickel and ethically-sourced cobalt continues to grow in response to
surging demand for electric vehicle batteries.”

Under the terms of the Agreement, Sherritt will receive payments
averaging US$2.5 million per month effective May 2019. The May payment
of US$2.6 million was received by Sherritt today and a June payment is
expected later this month. The monthly payments will be made by way of a
currency exchange involving the Moa JV, which is focused on nickel and
cobalt production in which Sherritt is a 50% partner, and Energas, a
Cuban joint venture focused on electricity production in which Sherritt
holds a one-third interest, with foreign currency that would be used by
the Moa JV to pay for specified costs in Cuba instead being provided to
Sherritt in exchange for local currency held by Energas.

The Agreement recognizes and acknowledges 100% of amounts owing to
Sherritt. In addition, the Agreement provides that Sherritt will receive
100% of available distributions from the Moa JV once each partner has
received a minimum amount of distributions. The minimum dividend
threshold for 2019 is US$68 million (100% basis). The minimum dividend
threshold for 2020 is currently under discussion and is expected to be
finalized in Q4 2019.

About Sherritt

Sherritt is a world leader in the mining and refining of nickel from
lateritic ores with projects and operations in Canada, Cuba and
Madagascar. The Corporation is the largest independent energy producer
in Cuba, with extensive oil and power operations across the island.
Sherritt licenses its proprietary technologies and provides
metallurgical services to mining and refining operations worldwide. The
Corporation’s common shares are listed on the Toronto Stock Exchange
under the symbol “S”.

FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements.
Forward-looking statements can generally be identified by the use of
statements that include such words as “believe”, “expect”, “anticipate”,
“intend”, “plan”, “forecast”, “likely”, “may”, “will”, “could”,
“should”, “suspect”, “outlook”, “potential”, “projected”, “continue” or
other similar words or phrases. Specifically, forward-looking statements
in this document include, but are not limited to, statements regarding
anticipated payments of outstanding receivables.

Forward looking statements are not based on historical facts, but rather
on current expectations, assumptions and projections about future
events, including commodity and product prices and demand; the level of
liquidity; production results; realized prices for production; earnings
and revenues; and certain objectives, goals and plans. By their nature,
forward looking statements require the Corporation to make assumptions
and are subject to inherent risks and uncertainties. There is
significant risk that predictions, forecasts, conclusions or projections
will not prove to be accurate, that those assumptions may not be correct
and that actual results or payments may differ materially from such
predictions, forecasts, conclusions or projections.

The Corporation cautions readers of this press release not to place
undue reliance on any forward looking statement as a number of factors
could cause actual future results, conditions, actions or events to
differ materially from the targets, expectations, estimates or
intentions expressed in the forward looking statements. These risks,
uncertainties and other factors include, but are not limited to, changes
in the global price for nickel, cobalt, oil and gas, or certain other
commodities; level of liquidity; access to capital; access to financing;
risks associated with the Corporation’s joint venture partners;
variability in production at Sherritt’s operations in Cuba; risks
related to Sherritt’s operations in Cuba; risks related to the U.S.
government policy toward Cuba, including the U.S. embargo on Cuba and
the Helms-Burton legislation; potential interruptions in transportation;
uncertainty of gas supply for electrical generation; the possibility of
equipment and other failures; risks associated with mining, processing
and refining activities; the potential for shortages of equipment and
supplies; political, economic and other risks of foreign operations;
foreign exchange and pricing risks; credit risks; competition in product
markets; uncertainty in the ability of the Corporation to enforce legal
rights in foreign jurisdictions and uncertainty regarding the
interpretation and/or application of the applicable laws in foreign
jurisdictions. Readers are cautioned that the foregoing list of factors
is not exhaustive and should be considered in conjunction with the risk
factors described in this press release and in the Corporation’s other
documents filed with the Canadian securities authorities, including
without limitation the Annual Information Form of the Corporation dated
February 13, 2019 for the period ending December 31, 2018, which is
available on SEDAR at www.sedar.com.

The Corporation may, from time to time, make oral forward-looking
statements. The Corporation advises that the above paragraph and the
risk factors described in this press release and in the Corporation’s
other documents filed with the Canadian securities authorities should be
read for a description of certain factors that could cause the actual
results of the Corporation to differ materially from those in the oral
forward-looking statements. The forward-looking information and
statements contained in this press release are made as of the date
hereof and the Corporation undertakes no obligation to update publicly
or revise any oral or written forward-looking information or statements,
whether as a result of new information, future events or otherwise,
except as required by applicable securities laws. The forward-looking
information and statements contained herein are expressly qualified in
their entirety by this cautionary statement.

Contacts

Joe Racanelli, Director of Investor Relations
Email: investor@sherritt.com
Telephone:
(416) 935-2457

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Business Wire

Motorola Solutions to Showcase the Latest in Mission-Critical Innovation at CCW 2019

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Enabling public safety and enterprise organisations to rise to the
challenge with a complete, integrated mission-critical ecosystem

KUALA LUMPUR, Malaysia–(BUSINESS WIRE)–Motorola
Solutions
will demonstrate how its advanced, mission-critical
solutions enable public safety and enterprise organisations to overcome
their most complex challenges at Critical
Communications World 2019
(June 18-20, MITEC, Kuala Lumpur,
Malaysia, booth G30).

At CCW 2019, Motorola Solutions will showcase a comprehensive set of
innovations spanning mission-critical communications, command centre
software, video security solutions and managed and support services.

Mission-critical communications are essential to maintaining safety and
security for our communities, from daily operations to extreme events
including disaster recovery. These solutions are essential for the Asia
Pacific region, as evidenced by a United Nations report estimating that
economic losses from natural disasters could reach USD$160
billion annually by 2030
. Organisations also demand new solutions to
augment voice communication with the unprecedented volumes of data and
video available today.

To address this need, Motorola Solutions has brought together a
comprehensive, integrated mission-critical ecosystem of technologies
comprising:

  • Mission-Critical Communications: including the TLK100
    and LEX
    L11 LTE
    devices that show what is possible over LTE networks and
    the ultra-portable LXN505
    public safety LTE infrastructure system.
  • Command Centre Software: to streamline and simplify daily
    workflows including CommandCentral
    Aware
    , the world’s only unified, proven, end-to-end public safety
    applications suite.
  • Video Security Solutions: including the latest from Avigilon’s
    video security and analytics portfolio including the H4
    Thermal camera
    with self-learning video analytics.
  • Managed & Support Services: to enable customers to focus on
    their mission while staying ahead of cybersecurity threats.

Having access to the right data enables organisations to make fast and
accurate decisions about where to place their valuable resources, which
work to prioritise and how to prepare for their most challenging
events,” Motorola Solutions corporate vice president, Mike deVente, said.

The mission-critical ecosystem we are demonstrating at CCW draws on our
90 year heritage of innovation and our strong understanding of
customers’ daily operational needs,” he said.

At CCW, commercial customers in the transportation, energy and utilities
segments will also learn how Motorola Solutions’ mission-critical
ecosystem and the innovations in critical communications can be
customised to meet their needs. One recent example of this is Motorola
Solutions’ successful integration work with Siemens to achieve railway
signalling over TETRA networks to European Train Control System (ETCS)
Level 2 standards.

About Motorola Solutions

Motorola Solutions is a global leader in mission-critical
communications. Our technology platforms in communications, command
center software, video security solutions and managed and support
services make cities safer and help communities and businesses thrive.
At Motorola Solutions, we are ushering in a new era in public safety and
security. Learn more at http://www.motorolasolutions.com.

MOTOROLA, MOTOROLA SOLUTIONS and the Stylized M Logo are trademarks
or registered trademarks of Motorola Trademark Holdings, LLC and are
used under license. All other trademarks are the property of their
respective owners. ©2019 Motorola Solutions, Inc. All rights reserved.

Contacts

Media Contacts
Damien Batey
Motorola Solutions
Mobile: +61
(0) 428 036 806
Damien.Batey@motorolasolutions.com

Michael
Lee
Motorola Solutions
Mobile: +65 9755 7025
MichaelKitWai.Lee@motorolasolutions.com

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Business Wire

Motorola Solutions celebrates 45 years of global innovation in Malaysia

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Mission-critical ecosystem of technologies developed in Penang, taken
to the world

PENANG, Malaysia–(BUSINESS WIRE)–Motorola
Solutions
 is celebrating 45 years of innovation in Malaysia,
recognising the country’s highly skilled engineering talent and
capability to deliver advanced technologies for customers all over the
world.

Motorola Solutions first established supply chain operations in Penang,
Malaysia in 1974. Today, it develops technologies across its
mission-critical technology ecosystem at the facility.

In 2014 the company opened its ‘Innoplex’ research and development (R&D)
centre in Penang, its largest R&D centre outside of North America.
Equipped with state-of-the-art laboratories and product design and
development capabilities, the centre develops next generation Land
Mobile Radio (LMR), broadband-LTE devices and system solutions for
Motorola Solutions’ customers worldwide.

Leading-edge solutions and services designed and developed in Penang
have been deployed by public safety agencies across the world. This
includes the trusted APX
8000HXE HazLoc radio
 used by fire and rescue teams working in the
presence of chemicals and gases and the WAVE
TLK100 Two-Way Radio
 that enables coverage on nationwide cellular
networks with the ease of two-way radio communication and functionality.

The Innoplex continues to deliver a variety of innovative services
including 24/7 network monitoring, management and guaranteed reliability
for Motorola Solutions’ mission-critical customers.

Malaysia prominent within expanding Asia Pacific talent base

Motorola Solutions’ thriving operations in Malaysia have enabled it to
expand its Penang workforce from 10 software engineers to a team of more
than 1,700 today. These highly-skilled roles include industrial design,
software, electrical, electronics and mechanical engineering.

Penang’s expert teams conduct rigorous compliance testing to meet and
exceed product standards all over the world while continuing the
development of new solutions in partnership with customers.

Motorola Solutions’ rapidly growing software engineering workforce in
Asia Pacific is now approaching 2,000. This includes 160 video analytics
and AI specialists in Vietnam added through the recent acquisition of VaaS and
60 mobile applications developers with Gridstone in
Australia.

Motorola Solutions continues to evolve its mission-critical ecosystem
of technologies across voice, video security, software and managed
services. Our highly skilled teams in Malaysia play a significant role
in developing these technologies and accelerating their adoption all
over the world,” said John Andersen, deputy managing director of the
Motorola Solutions Penang Operations and Design Centre.

We are proud to have extended our journey to 45 years and look forward
to continuing to take Malaysian innovation to the world,” he said.

Through its charitable arm, the Motorola Solutions Foundation, the
company has provided more than USD $700,000 to support Malaysian
initiatives to advance education and research within STEM-related
fields. This includes the Penang Science Cluster which educates more
than 3,000 students and 300 teachers from 75 schools on design thinking
process, coding and electronics.

About Motorola Solutions

Motorola Solutions is a global leader in mission-critical
communications. Our technology platforms in communications, command
centre software, video security solutions and managed and support
services make cities safer and help communities and businesses thrive.
At Motorola Solutions, we are ushering in a new era in public safety and
security. Learn more at www.motorolasolutions.com.

MOTOROLA, MOTOROLA SOLUTIONS and the Stylized M Logo are trademarks
or registered trademarks of Motorola Trademark Holdings, LLC and are
used under license. All other trademarks are the property of their
respective owners. ©2019 Motorola Solutions, Inc. All rights reserved.

Contacts

Damien Batey
Motorola Solutions
Mobile: +61 (0) 428 036 806
Damien.Batey@motorolasolutions.com

Michael Lee
Motorola Solutions
Mobile: +65 9755 7025
MichaelKitWai.Lee@motorolasolutions.com

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Business Wire

Deadline Reminder: The Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Ra Medical Systems, Inc.

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BENSALEM, Pa.–(BUSINESS WIRE)–$RMED #classaction–Law Offices of Howard G. Smith reminds investors of the upcoming August
9, 2019 
deadline to file a lead plaintiff motion in the class
action filed on behalf of investors who purchased Ra Medical Systems,
Inc. (“Ra Medical” or the “Company”) (NYSE: RMED)
securities pursuant and/or traceable to the registration statement and
prospectus (collectively, the “Registration Statement”) issued in
connection with the Company’s September 2018 initial public offering
(“IPO” or the “Offering”).

Investors suffering losses on their Ra Medical investments are
encouraged to contact the Law Offices of Howard G. Smith to discuss
their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

In September 2018, Ra Medical completed its initial public offering
(“IPO”), issuing approximately 4.5 million shares of common stock priced
at $17 per share. On March 14, 2019, the Company revealed that its
fourth quarter 2018 financial results had been negatively impacted by
issues related to the hiring and training of qualified sales personnel
and certain production limitations.

On this news, the Company’s share price fell $2.14 per share, nearly
33%, to close at $4.43 per share on March 15, 2019, thereby injuring
investors. Since the IPO, Ra Medical’s stock has traded as low as $3.40
per share, significantly below the $17 offering price.

The complaint filed in this class action alleges that throughout the
Class Period, Defendants made materially false and/or misleading
statements, as well as failed to disclose material adverse facts about
the Company’s business, operations, and prospects. Specifically,
Defendants failed to disclose to investors: (1) that the Company’s
evaluation of sales personnel candidates was inadequate; (2) that the
Company’s training program for sales personnel was inadequate; (3) that,
as a result, the Company could not reasonably assure that its newly
hired sales personnel were adequately experienced; (4) that, as a
result, the Company would suffer a shortage of qualified sales
personnel; (5) that the Company’s manufacturing process could not
reasonably support increased catheter production; (6) that, as a result,
the Company would suffer production delays; and (7) that, as a result of
the foregoing, Defendants’ positive statements about the Company’s
business, operations, and prospects were materially misleading and/or
lacked a reasonable basis.

If you purchased shares of Ra Medical during the Class Period you may
move the Court no later than August 9, 2019 to ask the
Court to appoint you as lead plaintiff if you meet certain legal
requirements. To be a member of the class action you need not take any
action at this time; you may retain counsel of your choice or take no
action and remain an absent member of the class action. If you wish
to learn more about this class action, or if you have any questions
concerning this announcement or your rights or interests with respect to
these matters, please contact Howard G. Smith, Esquire, of Law Offices
of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania
19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by
email to howardsmith@howardsmithlaw.com,
or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

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