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Data Respons ASA: Record quarter

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– Solid performance across the company contributed to record revenues and results in the first half of 2019. For specialist companies like Data Respons with extensive skills in both software and hardware, the underlying megatrends of automation, connectivity (IoT) and industrial digitalisation offer many exciting technology projects, says Kenneth Ragnvaldsen, CEO of Data Respons ASA.

Operating revenue for the second quarter was NOK 432.6 million (356.6), a growth of 21%. EBITA amounted to NOK 45.0 million (31.6). EBIT was NOK 39.5 (25.3). The profit for the period was NOK 26.9 million (14.1) and EPS of NOK 0.35 (0.24). Data Respons had a cash flow from operating activities of NOK 43.2 million (55.8) in the quarter.

Operating revenue for the first half-year was NOK 884.9 million (709.5), a growth of 25%. EBITA was NOK 95.9 million (61.8). EBIT was NOK 84.8 (52.2). Operating cash flow was NOK 66.1 million (6.1).

Profitable growth – a core part of the company’s DNA
Data Respons continued its positive development during the second quarter with revenue growth of 21% and increased its results by 42% at the same time. The company is experiencing high activity levels across all geographical regions, business segments and markets, driven by the favourable megatrends of IoT, industrial digitalisation and automation.

– Focus on profitable growth is a core part of the company’s DNA, and we are continuously launching new short- and long-term initiatives to sustain this over time. Initiatives include new start-ups, technology transfer, recruitment of new talent, collaboration with universities and customer activities. With an average annual growth of 17% over the last 18 years, I think it fair to say that Data Respons is a true growth company, says Kenneth Ragnvaldsen, CEO of Data Respons ASA.

Synergies from acquisitions
– During the second quarter, the company successfully completed a capital increase of NOK 324 million through a private placement. This strengthens our balance sheet and enables us to continue our strategic ambitions. In the first week of July, we acquired two new niche specialist companies: Stockholm-based inContext and Donat Group in Germany. Both provide excellent synergies regarding customer expansion and resource cooperation, but more importantly, they add many skilled engineers with the passion to develop smarter and better products and software solutions, Ragnvaldsen continues.

Expect good development ahead 
– We have seen a positive start to 2019, with revenues and profitability both reaching record levels. The market outlook remains positive and we are experiencing an increased demand from customers looking to invest in modern product platforms and more sustainable technology. Data Respons is determined to continue its growth through a combination of organic development and selective bolt-on acquisitions in the Nordics and Germany, which will strengthen our position as a complete technology partner for innovative industry and technology companies, Ragnvaldsen concludes.

 

For further information:
Kenneth Ragnvaldsen, CEO, Data Respons ASA, tel. +47 913 90 918
Rune Wahl, CFO, Data Respons ASA, tel. + 47 950 36 046

About Data Respons
Data Respons is a full-service, independent technology company and a leading player in the IoT and embedded solutions markets. We provide R&D services and embedded solutions to OEM companies, system integrators and vertical product suppliers in a range of market segments such as Transport & Automotive, Industrial Automation, Telecom & Media, Space, Defence & Security, MedTech, Energy & Maritime and the Finance & Public Sector. 

Data Respons ASA is listed on the Oslo Stock Exchange (ticker: DAT) and is part of the information technology index. The company has offices in Norway, Sweden, Denmark, Germany and Taiwan. www.datarespons.com

This information is subject to the disclosure requirements pursuant to sections 5–12 of the Norwegian Securities Trading Act

 

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IT Industry

Trakopolis Announces Results of Annual General and Special Meeting

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CALGARY, Alberta, July 19, 2019 (GLOBE NEWSWIRE) — Trakopolis IoT Corp. (TSXV: TRAK) today reported the results of its Annual General and Special Meeting of Shareholders held on Friday, July 19, 2019 (the “Meeting“).

At the Meeting, shareholders approved the appointment of Tracy Graf, Brent Moore, Chris Burchell, Anthony Dutton, Cameron Olson, Gil Sonnenberg and Frank Turner as directors of the company. Shareholders also approved the reappointment of KPMG LLP as the Company’s auditors as well as the Company’s Stock Option Plan.

About Trakopolis

Trakopolis is a Software as a Service (SaaS) company with proprietary, cloud-based solutions for real-time tracking, data analysis and management of corporate assets such as equipment, devices, vehicles and workers. The Company’s asset management platform works across a variety of networks and devices. Trakopolis has a diversified revenue stream from many verticals including oil and gas, forestry, transportation, construction, rentals, urban services, mining, government and others.

FOR FURTHER INFORMATION, PLEASE CONTACT

Brent Moore, President and Chief Executive Officer
Trakopolis IoT Corp.
Telephone: (403) 450-7854
Email: bmoore@trakopolis.com

Neither 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.

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IT Industry

West High Yield Completes Second Tranche of Private Placement and Terminates Market Making Services Agreement

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CALGARY, Alberta, July 19, 2019 (GLOBE NEWSWIRE) — West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company“) (TSXV: WHY) announces that it has completed the second and final tranche of its previously announced non-brokered private placement of units (“Units“). The Company issued 258,000 Units at a price of $0.25 per Unit for gross proceeds of $64,500 under the second tranche. The Company wishes to correct its statement in the press release issued June 7 regarding the number of units issued pursuant to the first tranche closing. In total, 609,000 units were issued as part of the first tranche for gross proceeds of $152,250.

In aggregate, the Company issued 867,000 Units at a price of $0.25 per Unit for gross proceeds of $216,750 under the private placement. Each Unit consists of one common share in the capital of the Company (a “Common Share“) and one-third of one common share purchase warrant (a “Warrant“). Each whole Warrant entitles the holder to purchase one additional Common Share at an exercise price of $0.45 for a period of one year from the date of issuance of the Warrant. 

All of the securities issued under the private placement are subject to a four month resale restriction. The private placement is subject to receipt of all necessary regulatory approvals including final approval of the TSX Venture Exchange. 

Net proceeds are expected to be used for the environmental base line study, environmental assessment study and mine plan and permit application and Industrial Mineral Mine Permit application for the Company’s Record Ridge deposit near Rossland, British Columbia and general corporate purposes. Although the Company intends to use the proceeds of the offering as described above, the actual allocation of proceeds may vary from the uses set out above, depending upon future operations, events or opportunities. 

An insider of the Company subscribed for 133,000 Units, for a total of approximately 15% of the private placement. The private placement is therefore deemed to be a “related party transaction” as defined under Multilateral Instrument 6-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“). Neither the Company, nor to the knowledge of the Company after reasonable inquiry, the insider participant in the private placement, has knowledge of any material information concerning the Company or its securities that has not been generally disclosed.

The private placement is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 (pursuant to subsections 5.5(c) and 5.7(1)(b)) as it was a distribution of securities for cash and neither the fair market value of the Units distributed to, nor the consideration received from, the insider participant exceeded $2,500,000.

The Company also announces termination of the agreement with Questrade, Inc. to provide market making services to the Company previously announced May 10, 2019.

About West High Yield

West High Yield is a publicly traded junior mining exploration company focused on the acquisition, exploration and development of mineral resource properties in Canada with a primary objective to locate and develop economic gold, nickel and magnesium properties.

For further information please contact:
 
 
Frank Marasco
President and Chief Executive Officer
West High Yield (W.H.Y.) Resources Ltd.
Telephone: (403) 660-3488
Facsimile: (403) 206-7159
Email: frank@whyresources.com 
Dwayne Vinck
Chief Financial Officer
West High Yield (W.H.Y.) Resources Ltd.
Telephone: (403) 257-2637
Facsimile: (403) 206-7159
Email: vinck@shaw.ca 

Reader Advisory

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this press release contains forward looking statements and information concerning the terms of the proposed non-brokered private placement of Units, the proposed use of proceeds and the Company’s business plans. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. 

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, skilled personnel and supplies; changes in tax laws; and the other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive. 

Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

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 press release.

Not for distribution in the United States. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

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IT Industry

Breast Reconstruction Market Size to Hit USD 3.6 Bn by 2026

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Acumen Research and Consulting, recently published report on “Breast reconstruction Market Size, Share, Trends, Scope, Growth and Forecast 2019-2026”.

LOS ANGELES, July 19, 2019 (GLOBE NEWSWIRE) — The global breast reconstruction market is estimated to grow at a significant rate of 6.5% during the forecasted period 2019 to 2026 and is expected to reach over 3.6 billion by 2026.

Free Download Sample Report Pages for Better understanding@ https://www.acumenresearchandconsulting.com/request-sample/1535

The global breast reconstruction market is driven by rising number of breast implantation across the globe, increasing prevalence of breast cancer, and increasing healthcare expenditure by major economies across the world. Investments in R&D and increasing government support the breast reconstruction market growth. Moreover, surge in the per capita healthcare expenditure, are some of the vital factors driving the global breast reconstruction market growth during the forecast period 2019-2026. Other factors such as increasing awareness among people regarding breast reconstruction and changing lifestyle are likely to boost the market growth in the near future. However, lack of skilled professionals in the under developed region including Latin America and developing region including the Middle East & Africa is the major factor which is likely to slow the market growth during the forecast period 2019–2026.

The global breast reconstruction market is segmented by product, shape, and end user.

On the basis of product, the breast reconstruction market is segmented into tissue expander, implants, silicone breast implants, and others. Silicone breast implants holds the major share in the global market owing to the various advantages over old and other available options.

Based on shape, the global breast reconstruction market is segmented into round, and anatomical.

Based on end user, the breast reconstruction market is segregated into hospitals, cosmetology clinics, and ambulatory surgical centers, and others.

The global breast reconstruction market is segmented on the basis of the region covering North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

View Detailed Information with Complete TOC@ https://www.acumenresearchandconsulting.com/breast-reconstruction-market

North America Breast reconstruction market is expected to be the biggest market across the globe. Growth of the North America breast reconstruction market is attributed to the advancements in the medical technology as well as the extensive use of new implants. The U.S. Breast reconstruction market is expected to account for largest in the North America market owing to the technological advancements in the region and high awareness regarding breast reconstruction and presence of huge patient population. Increasing investment in research and development by major players has supported the growth of the breast reconstruction market. Moreover, high spending power of the people will support the breast reconstruction market in North America. Growth of the Europe breast reconstruction market is attributed to the increasing government support and presence of major players in the region. Ongoing research & development in the region over breast reconstruction is the other factor which is expected to propel the market growth further. Asia Pacific is the fastest growing market for breast reconstruction and is expected to grow at high pace owing to the entry of major players in the region due to presence of huge population base suffering from breast cancer. Countries such as Japan, China, and India are considered as the major countries contributing to the market growth, owing to the availability of research facilities. Additionally, the growth is attributed to the presence of skilled workforce such as several research scientists and others. The market in the Middle East and Africa holds the least but growing market share owing to the rising demand for the poor economic condition, research activities and healthcare services, and less development in medical facilities especially in African region.

Some of the key players in the global breast reconstruction market include Mentor Worldwide LLC; POLYTECH Health & Aesthetics GmbH; Sientra, Inc.; Deal Implant Incorporated; Allergan Inc.; Establishment Labs S.A; GROUPE SEBBIN SAS; Integra LifeSciences Corporation; RTI Surgical Holdings, Inc.; and GC Aesthetics.

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The report is readily available and can be dispatched immediately after payment confirmation.

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