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Route1 Signs Definitive Agreement to Acquire PCS Mobile

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TORONTO, June 14, 2019 (GLOBE NEWSWIRE) — Route1 Inc. (OTCQB: ROIUF and TSXV: ROI) (the “Company” or “Route1”), an advanced North American provider of industrial-grade data intelligence, user authentication and ultra-secure mobile workforce solutions, today announced that it has entered into a share purchase agreement to acquire Portable Computer Systems, Inc. (“PCS Mobile”) from Kathy Pakkebier for US $2.5 million.

About PCS Mobile

PCS Mobile is a computer reseller with expertise in mobile data applications, including wireless products for in-vehicle use.  The company offers guidance and state-of-the-art mobile devices for a wide range of applications including utilities, telecommunications, field services, insurance, healthcare, Fire/EMT, police and public safety – as well as state and local government.

Based in Denver, Colorado, PCS Mobile services customers primarily located in the Southwestern and Rocky Mountain regions of the U.S.  Rugged devices and applications include but are not limited to Panasonic Toughbook mobile computers, Xplore and Getac rugged tablets, Genetec license plate recognition solutions, and accessories from Gamber-Johnson and Havis.

Based on prior year’s results, Route1 expects PCS Mobile to add annualized revenue of approximately US $15 million with a gross margin of 14% to 16%.  The EBITDA contribution from PCS Mobile is expected to be consistent with current Route1 results.

PCS Mobile currently has 19 employees or full-time equivalents.  Most of the company’s employees are based in the Denver, CO office.  Locations in which PCS Mobile has employees include Denver (CO), Oxnard and Los Angeles (CA), Detroit (MI), Omaha (NA) and Bridgeport (TX).

The retained team will be 15, including Kathy Pakkebier (President and CEO) and Martin Murphy (Vice President) under three-year employment agreements.  Post-closing, Ms. Pakkebier and Mr. Murphy will sit on Route1’s steering committee and each act in a sales / business development capacity.

LPR and Genetec

The addition of Genetec’s license plate recognition (LPR) solutions enhances Route1’s data security and data analytics portfolio of application software owned or resold with application enhancements.  Genetec is a provider of IP video surveillance, access control and license plate recognition solutions unified in a single platform. The company is known for providing license plate reading technology to law enforcement.

According to Grand View Research, Inc. the North American smart parking market is expected to reach US $4.11 billion by 2025, developing better solutions to avoid traffic congestion and for systematic positioning of vehicles across the cities are the key factors driving the market growth.  Off-street systems are also anticipated to gain traction due to the increasing traffic congestion in urban environments. This market segment is expected to witness considerable growth over the forecast period from 2017 to 2025 and was valued at US $672.6 million in 2016.

PCS Mobile is the leading supplier in the Mid-West for AutoVu, the Genetec LPR technology. The AutoVu™ automatic license plate recognition system automates license plate reading and identification, making it easier for law enforcement and for municipal and commercial organizations to locate vehicles of interest and enforce parking restrictions. Designed for both fixed and mobile installations, the AutoVu system is ideal for a variety of applications and entities, including law enforcement, municipal and commercial organizations. The AutoVu LPR solution is often coupled with rugged devices and accessories, further increasing the revenue opportunity for PCS Mobile.

Route1’s Strategy

Route1 is acquiring PCS Mobile to bring the “new” GroupMobile business model to the southwestern US – geographic expansion, add to the size and quality of the GroupMobile sales team, and leverage PCS Mobile’s current and future placement of rugged mobile devices and license plate recognition technology – creating significant opportunities to sell data security and analytics software applications and capabilities to PCS Mobile customers. 

Transaction Details

Route1 entered into a share purchase agreement on June 14, 2019 to acquire PCS Mobile with an expected closing date of June 28, 2019.  The two weeks between signing and closing will be used to complete business integration planning.

On closing, Route1 will pay Kathy Pakkebier US $2.5 million in the following consideration:

  • US $1,030,000 in cash.
  • US $500,000 in Route1 common shares. 11.2 million common shares; post-closing, Ms. Pakkebier will own approximately 3% of Route1’s undiluted common shares.  The issued Route1 common shares will not be tradable until a date no earlier than 12 months after the closing date; 50% tradeable after 12 months plus an additional 8.33% tradeable each month until 18 months after the date of closing, subject to a change of control provision.
  • US $250,000 in an unsecured note, Note A.  Principal amortization annually in arrears with amortization of $80,000 in year one and two, and $90,000 in the third year.  The annual interest rate is 3% paid annually in arrears.
  • US $720,000 in an unsecured note, Note B.   Amortization monthly in arrears with a straight line amount of $20,000.00.  The annual interest rate is 2.37% paid monthly in arrears.  The condition of payment is the continued employment of each of Ms. Pakkebier and Mr. Murphy, who are married.

Additional transaction terms include no assumption of indebtedness, a minimum cash balance of $200,000, a working capital balance that is reflective of the time of year and the nature of business, and a key employee non-compete and non-solicitation for a period equivalent to the term of employment plus two years.

Investor Conference Call and Webcast

The Company will also hold a conference call and web cast to discuss the Company’s first quarter financial results and provide a business update on Monday, June 17, 2019 at 9 a.m. eastern.

Participants should dial Toll-Free: 1-800-263-0877 or Toll/International: 1-646-828-8143 at least 10 minutes prior to the conference, pass code 1954942.  For those unable to attend the call, a replay will be available on Monday June 17, 2019 after 12:00 p.m. eastern at Toll-Free 1-844-512-2921 or Toll/International 1-412-317-6671, pass code 1954942 until 11:59 pm on Monday July 1, 2019. 

The webcast will be presented live at http://public.viavid.com/index.php?id=134761.

About Route1 Inc.
Route1, operating under the trade name GroupMobile, is an advanced North American provider of industrial-grade data intelligence, user authentication, and ultra-secure mobile workforce solutions. The Company helps all manner of organizations, from government and military to the private sector, to make intelligent use of devices and data for immediate process improvements while maintaining the highest level of cyber security.  Route1 is listed on the OTCQB in the United States under the symbol ROIUF and in Canada on the TSX Venture Exchange under the symbol ROI.  For more information, visit: www.route1.com.

For More Information, Contact:
Tony Busseri
Chief Executive Officer, Route1 Inc.
+1 416 814-2635
tony.busseri@groupmobile.com

This news release, required by applicable Canadian laws, does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

© 2019 Route1 Inc. All rights reserved. No part of this document may be reproduced, transmitted or otherwise used in whole or in part or by any means without prior written consent of Route1 Inc.  See https://www.route1.com/terms-of-use/ for notice of Route1’s intellectual property.

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

IT Industry

Ørsted chooses Atos to supply critical communications solutions for offshore wind farms in Taiwan

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Paris, Kuala Lumpur, June 18, 2019– Atos, a global leader in digital transformation, today announces that it was selected by Ørsted, a global leader in offshore wind, to supply critical communications solutions based on TETRA (Terrestrial Trunked radio) technology for two offshore wind farms, off the coast of Changhua County in Taiwan. This is the first call-off contract signed under the new Atos and Ørsted frame agreement for current and future offshore windfarms projects in the APAC region. A similar frame agreement for Europe was signed in December 2017.

As part of this contract, Atos will supply a comprehensive communication solution and will be responsible for the whole value chain: from engineering and design down to installation, testing and commissioning, and a 5-year maintenance support. The solution will include:

  • Professional Mobile Radio system based on TETRA,
  • Marine and aviation communication system,
  • Marine and aviation tracking system,
  • Microwave link,
  • Network management and a
  • Voice dispatching system

We are proud to support Ørsted in developing renewable energy worldwide, by providing our expertise in critical communication solutions This first contract in Taiwan under the new APAC frame agreement reinforces our partnership with Ørsted, which we initiated two years ago within a European frame agreement”, said Cyril Dujardin, Atos Senior VP, Mission-Critical Systems, Big Data & Security Division.

We have chosen once again to rely on Atos’ expertise to provide the communication systems of our wind farms’ critical infrastructures. Atos’ proven engineering competencies are crucial in the harsh and challenging environment of offshore wind farms. Seamless interaction of staff and systems is imperative for safe and efficient operations”, explains Mads Thorsted Nielsen, Ørsted Manager of SCADA Communication – wind power.

Atos is fully embracing critical communication market with secure and reliable solutions and a multitude of industry use cases in Public Safety, Defense, Transport, and Industry 4.0.

Atos at Critical Communications World 2019, 18-20 June, Kuala Lumpur (Malaysia)

On booth C75, Atos will present its complete critical communications products, applications and services portfolio, including Private 4G/5G LTE network, MCPTT applications, TETRA/TETRAPOL services and gateways, and dispatching solutions.

Atos will participate in a panel discussion on “Advances in AI technologies and applications for critical communications” on June 20 at 12:30 MYT.

****

About Atos

Atos is a global leader in digital transformation with over 110,000 employees in 73 countries and annual revenue of over € 11 billion. European number one in Cloud, Cybersecurity and High-Performance Computing, the Group provides end-to-end Orchestrated Hybrid Cloud, Big Data, Business Applications and Digital Workplace solutions. The group is the Worldwide Information Technology Partner for the Olympic & Paralympic Games and operates under the brands Atos, Atos Syntel, and Unify. Atos is a SE (Societas Europaea), listed on the CAC40 Paris stock index.

The purpose of Atos is to help design the future of the information technology space. Its expertise and services support the development of knowledge, education as well as multicultural and pluralistic approaches to research that contribute to scientific and technological excellence. Across the world, the group enables its customers, employees and collaborators, and members of societies at large to live, work and develop sustainably and confidently in the information technology space.

Press contacts:

Global :
Lucie Duchateau – lucie.duchateau@atos.net – +33(0)7.62.85.35.10
Sylvie Raybaud – sylvie.raybaud@atos.net – +33 6 95 91 96 71 – @Sylvie_Raybaud

APAC:
Rhoda Dinesen – rhoda.dinesen@atos.net – +6591681146

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IT Industry

Cray Supercomputer to Accelerate Environmental Genomics Research at Singapore Centre for Environmental Life Sciences Engineering

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New Supercomputer for Life Sciences Will Speed Genome Sequencing to Address Environmental Challenges

SEATTLE and FRANKFURT, Germany, June 18, 2019 (GLOBE NEWSWIRE) — Global supercomputer leader Cray Inc. (Nasdaq:CRAY) today announced that the Singapore Centre for Environmental Life Sciences Engineering (SCELSE), a renowned Research Center of Excellence at Nanyang Technological University, Singapore (NTU Singapore), has awarded the company a contract for a Cray® CS500™ cluster supercomputer. SCELSE will use the supercomputer for fast tracking its environmental meta-omics projects.

SCELSE’s research into understanding and controlling environmental microbial communities requires incredibly complex data analysis on a large scale. Running and analyzing these massive datasets has traditionally been a highly time-intensive process for life science researchers, who frequently work against the clock to meet their deadlines, especially in clinical and public health related projects. With these concerns in mind, system performance was a key consideration in the center’s search for a new High Performance Computing (HPC) solution, and the primary reason for choosing Cray.

“We’re thrilled that SCELSE has placed its trust in Cray to power its scientific research,” said Nick Gorga, vice president of sales for the Asia-Pacific region at Cray. “Life science research is advancing rapidly, and Cray’s technology is helping research centers across the globe manage the growing complexity and volume of their data sets, and accelerate time-to-value of data analysis. With the performance, capacity and scalability of the Cray CS500, SCELSE’s groundbreaking research will no longer be constricted by the limits of its computational infrastructure.”

NTU Prof Stephan Schuster, Research Director at SCELSE said, “The new Cray supercomputer at SCELSE will play an important role in enabling us to keep pace with the evolving needs and computational demands of interdisciplinary research. By rapidly speeding up the time it takes to process and analyze data, we will be able to save time and energy, and focus on more important scientific endeavors.”

The CS500 was selected for its superior price-performance, scalability and functionality – surpassing all other solutions in an open tender. Cray’s price/performance matrix appealed to SCELSE, and the core count of the system will contain more than 12,000 AMD EPYC™ processor cores.

Cray’s CS500 cluster supercomputers are highly scalable, flexible and customizable systems designed to provide users with a wide selection of configurations. The CS500 is uniquely suited to handle the broadest range of simulations and run data-intensive workloads smoothly at capacity.

The first phase of the system has been delivered and put into production in June 2019.

For more information on Cray visit www.cray.com.

About Cray Inc.
Cray Inc. (Nasdaq:CRAY) combines computation and creativity so visionaries can keep asking questions that challenge the limits of possibility. Drawing on more than 45 years of experience, Cray develops the world’s most advanced supercomputers, pushing the boundaries of performance, efficiency and scalability. Cray continues to innovate today at the convergence of data and discovery, offering a comprehensive portfolio of supercomputers, high-performance storage, data analytics and artificial intelligence solutions. Go to www.cray.com for more information.

Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933, including, but not limited to, statements related to Cray’s ability to deliver a system that meets SCELSE’s requirements. These statements involve current expectations, forecasts of future events and other statements that are not historical facts. Inaccurate assumptions and known and unknown risks and uncertainties can affect the accuracy of forward-looking statements and cause actual results to differ materially from those anticipated by these forward-looking statements. Factors that could affect actual future events or results include, but are not limited to, the risk that the system required by SCELSE is not delivered in a timely fashion or does not perform as expected and such other risks as identified in the Company’s quarterly report on Form 10-Q for the quarter ended March 31, 2019, and from time to time in other reports filed by Cray with the U.S. Securities and Exchange Commission. You should not rely unduly on these forward-looking statements, which apply only as of the date of this release. Cray undertakes no duty to publicly announce or report revisions to these statements as new information becomes available that may change the Company’s expectations.

CRAY is registered trademark of Cray Inc. in the United States and other countries. CS is a trademark of Cray Inc. Other product and service names mentioned herein are the trademarks of their respective owners.

Cray Media:
Diana Brodskiy
415/306-6199
pr@cray.com

Cray Investors:
Paul Hiemstra
206/701-2044
ir@cray.com

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IT Industry

Swiss Federal Office of Meteorology and Climatology Advances Weather Forecasting With New Cray Supercomputer and Storage

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Swiss National Weather Center to Deploy its Third Cray CS-Storm System with Cray ClusterStor Storage to Enhance the Quality and Accuracy of the Country’s Weather Predictions

SEATTLE and FRANKFURT, Germany, June 18, 2019 (GLOBE NEWSWIRE) — Today at the 2019 International Supercomputing Conference in Frankfurt, Germany, global supercomputer leader Cray Inc. (Nasdaq:CRAY) announced that the Swiss National Supercomputing Centre (CSCS) is adding a third Cray® CS-Storm™ supercomputer with Cray ClusterStor® storage to support the development of cutting-edge weather service products at the Swiss Federal Office of Meteorology and Climatology (MeteoSwiss). The new CS-Storm system will join two Cray supercomputers already on site at CSCS, used by MeteoSwiss to run production weather forecasting. The job of the newly-accepted CS-Storm is to allow MeteoSwiss to run larger ensemble predictions and higher resolution weather models to improve forecast accuracy.

“Forecasting weather is like a 24-hour marathon–it never stops and it requires technology to keep pace,” said Prof. Dr. Thomas Schulthess, director of CSCS. “And the complexity is growing in weather and climate forecasting and modeling as we put advanced workloads to the test. Our partnership with Cray continues to provide us the compute resources necessary so customers like MeteoSwiss can tackle the biggest challenges in meteorological research. This new system will make it possible for them to more accurately predict the weather.”

MeteoSwiss continually invests in innovation and development for the benefit of the economy and public safety. With CSCS’ purchase of its first two Cray CS-Storm systems in 2015, MeteoSwiss became the first major national weather service to use a GPU-accelerated supercomputer to run production numerical weather models. And with its latest CS-Storm – designed for organizations that require the performance and efficiency of today’s latest GPU accelerators ­– MeteoSwiss will continue with the GPU approach.

“Complete, extremely detailed forecasts is our vision for the future,” said Philippe Steiner, Head of Numerical Prediction at MeteoSwiss. “Switzerland’s unique orography adds a level of complexity to forecasting that requires us to develop advanced, data-intensive modeling methods and techniques. With this latest technology from Cray, MeteoSwiss will be able to run increasingly complex, high-resolution models for higher-accuracy forecasts and nowcasts, as well as to develop additional weather forecast products.”

MeteoSwiss found success with its existing Cray supercomputers and selected this new CS-Storm to provide the additional computational power required to process increasing volumes of weather observations and produce higher fidelity forecasts. The CS-Storm system was also selected for its ability to run numerical weather forecasts within a reduced energy footprint (as compared to competing solutions), and for the reliability the platform provides MeteoSwiss when running critical workloads.

“The new Cray CS-Storm at CSCS equips MeteoSwiss with the computational performance required to power next-generation weather forecasts. Cray is proud to play a part in helping support the amazing work MeteoSwiss does to keep Swiss citizens safe, informed and protected through accurate and timely weather forecasts,” said Ilene Carpenter, Earth Sciences Segment Director at Cray.

CSCS’ new CS-Storm® is configured with 18 compute nodes, each with 8 NVIDIA® V100 GPUs and 2 Intel® Xeon® Gold 6134 CPUs, and includes two Cray ClusterStor® L300 storage systems. The CS-Storm was accepted in April 2019 and will become fully operational in 2020.

About Cray Inc.
Cray Inc. (Nasdaq:CRAY) combines computation and creativity so visionaries can keep asking questions that challenge the limits of possibility. Drawing on more than 45 years of experience, Cray develops the world’s most advanced supercomputers, pushing the boundaries of performance, efficiency and scalability. Cray continues to innovate today at the convergence of data and discovery, offering a comprehensive portfolio of supercomputers, high-performance storage, data analytics and artificial intelligence solutions. Go to www.cray.com for more information.

Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933, including, but not limited to, statements related to the deployment and performance of the system delivered to CSCS. These statements involve current expectations, forecasts of future events and other statements that are not historical facts. Inaccurate assumptions and known and unknown risks and uncertainties can affect the accuracy of forward-looking statements and cause actual results to differ materially from those anticipated by these forward-looking statements. Factors that could affect actual future events or results include, but are not limited to, the risk that the system delivered to CSCS is not deployed when expected or does not perform as expected and such other risks as identified in the Company’s quarterly report on Form 10-Q for the quarter ended March 31, 2019, and from time to time in other reports filed by Cray with the U.S. Securities and Exchange Commission. You should not rely unduly on these forward-looking statements, which apply only as of the date of this release. Cray undertakes no duty to publicly announce or report revisions to these statements as new information becomes available that may change the Company’s expectations.

CRAY and ClusterStor are registered trademarks of Cray Inc. in the United States and other countries. CS-Storm is a trademark of Cray Inc. Other product and service names mentioned herein are the trademarks of their respective owners.

Cray Media:
Diana Brodskiy
415/306-6199
pr@cray.com
Cray Investors:
Paul Hiemstra
206/701-2044
ir@cray.com
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