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NexTech Reports Record Revenue and Gross Profit for the Month of November

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NEW YORK and TORONTO, Dec. 03, 2019 (GLOBE NEWSWIRE) — NexTech AR Solutions (the “Company” or “NexTech”) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), the industry leader in augmented reality, is pleased to announce that it has achieved record revenue and gross profit for the month of November 2019. Both revenue and gross profit showed dramatic increases in November. Notably, the company achieved approximately $700,000 in November revenue versus $241,000 in the same period the previous year which is a 190% increase. Gross profit for the quarter also accelerated rapidly and reached $300,000 versus $88,000 for the same period the prior year, which is a 241% increase.

Evan Gappelberg, CEO of NexTech AR Solutions comments “I’m thrilled with our rapid growth trajectory and I am particularly excited that we were able to achieve $700,000 in sales in just one month compared to $1.5 million in all of last quarter. During the month of November, we saw an acceleration in sales growth across all business segments, especially our AR e-commerce division, which is now starting to scale”. He continues, “We are in the midst of the 4th Industrial Revolution, and technology is evolving faster than ever. This revolution is being led by AR, AI, IoT, Edge computing and the 5G network, all of which are converging and becoming increasingly ubiquitous for training, e-commerce, advertising, and entertainment. This convergence is stimulating a rapid market adoption environment similar to the internet in the 1990’s driving the creation of billion-dollar industries almost overnight, a market NexTech is uniquely positioned to capitalize on.” 

About NexTech AR Solutions Corp.

NexTech is one of the leaders in the rapidly growing AR industry, estimated to hit $120 billion by 2022, according to Statista. NexTech, the first publicly traded “pure-play” AR company, began trading on the CSE on October 31st, 2018. NexTech has a two-pronged strategy for rapid growth including growth through acquisition of eCommerce businesses and growth of its omni-channel AR SaaS platform called ARitize™. NexTech has an exclusive license to a portfolio of patents 7,054,831, 7,266,509 and patent-pending applications 15351508, 62457136, 62559487, related to interactive gaming, interactive advertising, and augmented reality (“AR”) technology. 

The company is pursuing four multi-billion dollar verticals in AR.

ARitize™ For eCommerce; The company launched its technologically advanced webAR for eCommerce early in 2019 and has been rapidly signing up customers onto its SaaS platform. Customers include Walther Arms, Wright Brothers, Mr. Steak, and Budweiser. NexTech has the first ​‘full funnel’ end-to-end eCommerce solution for the AR industry including its 3D product capture, 3D ads for Facebook and Google, ‘Try it On’ technology for online apparel, 3D and 360-degree product views, and ‘one click buy’.

ARitize™ University; having launched in June 2019, the app-based solution allows companies and educational establishments to leverage all of their existing 2D assets – YouTube videos, PDF documents, PowerPoint decks, images, etc. – and then overlay immersive 3D-AR experiences on top of that content for an interactive training experience that drives productivity.

ARitize™ Hollywood Studios; expected to launch in Q1 2020, the studio has created a proprietary entertainment venue for which it is producing immersive content using 360 video, and augmented reality as the primary display platform.

ARitize™ 3D-AR-360 Advertising Platform: expected to launch in Q4 2019/Q1 2020 the ad platform will be the industry’s first end-to-end solution whereby the company will leverage it’s 3D asset creation into 3D, 360, AR ads. In 2019, according to IDC, global advertising spend will be about $725 billion. 

To learn more, please follow us on Twitter, YouTube, Instagram, LinkedIn, and Facebook, or visit our website: https://www.nextechar.com.

On behalf of the Board of NexTech AR Solutions Corp.
Evan Gappelberg
CEO and Director

For further information, please contact:

Evan Gappelberg
Chief Executive Officer
info@nextechar.com   

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, “will be”, “looking forward” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements regarding the Company increasing investors awareness are based on the Company’s estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of NexTech to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including capital expenditures and other costs.  There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. NexTech will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

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

Solid Growth Among 5G Early Adopters Amid Initial Network Buildouts

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  • Q3 2019: Global 5G Connections Increase 166% to 4M; 50 5G Networks Now Live
  • Q3 2019: LTE gains 250M Global Connections
  • 12.9M 5G Connections Projected by EOY 2019 and 1.3B by 2023

BELLEVUE, Wash., Dec. 12, 2019 (GLOBE NEWSWIRE) — Early adopters of 5G technology have begun to take advantage of numerous initial 5G network rollouts in 2019, according to 5G Americas, the wireless industry trade association and voice of 5G and LTE for the Americas. According to data based from Ovum, there are now four million 5G connections globally as of the third quarter of 2019, an increase of 166% over the second quarter.

Chris Pearson, President, 5G Americas said, “Early adopters in 5G technology are testing the waters to see what their devices can do on the new technology. They’re taking advantage of new capabilities now being offered by several 5G networks that have come online over the past quarter. We expect to see a strong ramp up in 2020 as more devices become available and coverage expands throughout the world.”

There are now 50 commercial 5G networks globally, which adhere to 3GPP standards. That number is expected to increase to 67 5G commercial networks by the end of 2019, according to data from TeleGeography.

At the same time, LTE gained an additional 250 million subscriber connections globally in the third quarter of 2019 to reach 5 billion connections worldwide, fueled by customers migrating from older 3G and 2G technologies. LTE added approximately 1 billion new connections from the third quarter of 2018 to third quarter of 2019. From Q2 to Q3, LTE saw strong growth from the Americas region with the addition of 28 million connections, led by Latin America and the Caribbean which gained 17 million new LTE connections.

According to Jose Otero, Vice President of Latin America and Caribbean, 5G Americas, “LTE continues its growth in Latin America and the Caribbean as the technology increases its geographic coverage, lower cost smartphones become available, and operators adopt strategies seeking to migrate subscribers to LTE that until recently were using second and third generation services.”

Looking forward, data from Ovum estimates the number of 5G subscribers will accelerate rapidly through the end of 2019, reaching 12.9 million connections. That number is expected to reach 1.3 billion, or 12.9% global market share in 2023.

Says Otero, “Upcoming spectrum auctions in Brazil, Colombia, El Salvador and Uruguay could accelerate the deployment of LTE in the region increasing the technology’s potential addressable market. The region has launched three 5G commercial networks and could have more by the end of 2019.”

Overall, the following number of networks using wireless technologies have been deployed as of December 11, 2019, according to TeleGeography:

Global: 

  • 5G: 50
  • LTE: 664

North America: 

  • 5G: 4
  • LTE: 19

Latin America & Caribbean:

  • 5G: 3
  • LTE: 125

For more information and to view a variety of statistical charts on the 3GPP family of technologies, and for a list of LTE and 5G deployments by operator, by region visit www.5GAmericas.org. Subscriber and forecast data provided by Ovum and deployment data by TeleGeography (GlobalComm).

About 5G Americas: The Voice of 5G and LTE for the Americas

5G Americas is an industry trade organization composed of leading telecommunications service providers and manufacturers. The organization’s mission is to advocate for and foster the advancement and full capabilities of LTE wireless technologies and their evolution to 5G, throughout the ecosystem’s networks, services, applications and wirelessly connected devices in the Americas. 5G Americas is invested in developing a connected wireless community while leading 5G development for all the Americas. 5G Americas is headquartered in Bellevue, Washington. More information is available at www.5gamericas.org or Twitter @5GAmericas.

5G Americas’ Board of Governors members include AT&T, Cable & Wireless, Ciena, Cisco, CommScope, Ericsson, Intel, Mavenir, Nokia, Qualcomm Incorporated, Samsung, Shaw Communications Inc., Sprint, T-Mobile US, Inc., Telefónica and WOM.

Contact:

5G Americas
Viet Nguyen
Viet.Nguyen@5gamericas.org
+1 206 218 6393

 

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IT

Calian Adopts Shareholder Rights Plan

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OTTAWA, Dec. 12, 2019 (GLOBE NEWSWIRE) — Calian Group Ltd. (TSX: CGY) today announced that it has adopted the 2020 Shareholder Rights Plan (the “Rights Plan”).  The Company’s prior 2010 Shareholder Rights Plan expired in 2019.  

The Rights Plan, which is effective immediately but is subject to shareholder approval, will help to better ensure that all shareholders are treated fairly and receive equal treatment in the face of an unsolicited take-over bid for the Company.  Shareholders will be asked to confirm the Rights Plan at the Annual and Special Meeting of Shareholders to be held on February 6, 2020 and the Rights Plan will need to be reconfirmed by shareholders every three years after that. If this confirmation is not received, the Rights Plan will terminate. 

At the close of business today, one right will be issued and attached to each common share of the Company outstanding at such time and a right will also automatically attach to each common share issued hereafter for as long as the Rights Plan remains in effect. The rights will automatically attach to the common shares and no further action will be required by shareholders.

The rights issued under the Rights Plan become exercisable only when a person, including any party related to it or acting jointly with it, acquires or announces its intention to acquire 20% or more of the Company’s outstanding common shares without complying with the ‘Permitted Bid’ provisions of the Rights Plan. Subject to certain conditions set out in the Rights Plan, should such an acquisition occur, each right would, upon exercise, entitle a rights holder, other than the acquiring person and related persons, to purchase common shares of the Company at a substantial discount to the market price at the time. Certain holdings of common shares, such as positions held by investment managers, trust companies for managed accounts and pension plans will not trigger the Rights Plan unless the holders are participating in making a take-over bid for the Company. Under the Rights Plan, a Permitted Bid is a bid made to all shareholders that is open for not less than 105 days and satisfies certain other conditions set out in the Rights Plan.

The 2020 Shareholder Rights Plan was not adopted in response to, or in anticipation of, any specific effort to acquire control of the Company and the Company is not aware of any such pending or contemplated proposals.   The 2020 Shareholder Rights Plan is not aimed at blocking bids, but is designed to ensure that all shareholders are treated fairly and equally and to allow the Company an ability to properly evaluate any offer and maximize value for shareholders.

The form of Rights Plan adopted by the Company is consistent with the current practice and the forms of shareholder right plans adopted by other Canadian public companies. The Rights Plan has been conditionally approved by the Toronto Stock Exchange subject to ratification by shareholders as described above and certain other customary conditions.

A complete copy of the Rights Plan will be filed with Canadian Securities Administrators and will be available at www.sedar.com.

About Calian
Calian employs over 3,300 people in its delivery of diverse products and solutions for private sector, government and defence customers in North American and global markets. The Company’s diverse capabilities are delivered through four segments: Advanced Technologies, Health, Learning and Information Technology. The Advanced Technologies segment provides innovative products, technologies and manufacturing services and solutions for the space, communications, defence, nuclear, government and agriculture sectors. The Health segment manages a network of more than 1,800 health care professionals delivering primary care and occupational health services to public and private sector clients across Canada. Learning is a trusted provider of emergency management, consulting and specialized training services and solutions for the Canadian Armed Forces and clients in the defence, health, energy and other sectors. The Information Technology segment supports public- and private-sector customer requirements for subject matter expertise in the delivery of complex IT and cyber security solutions. Headquartered in Ottawa, the Company’s offices and projects span Canada and international markets.

For investor information, please visit our website at www.calian.com or contact us at ir@calian.com

Kevin Ford    Patrick Houston    Media inquiries: 
President and Chief Executive Officer      Chief Financial Officer   Simon Doyle
613-599-8600    613-599-8600    613-599-8600 x 2205

—————————————————————————–
DISCLAIMER

Certain information included in this press release is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Such statements are generally accompanied by words such as “intend”, “anticipate”, “believe”, “estimate”, “expect” or similar statements. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price competition; scarce number of qualified professionals; the impact of rapid technological and market change; loss of business or credit risk with major customers; technical risks on fixed price projects; general industry and market conditions and growth rates; international growth and global economic conditions, and including currency exchange rate fluctuations; and the impact of consolidations in the business services industry. For additional information with respect to certain of these and other factors, please see the Company’s most recent annual report and other reports filed by Calian with the Ontario Securities Commission. Calian disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward-looking statements within this disclosure will occur, or if they do, that any benefits may be derived from them.

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Datametrex to Pay Certain Debt and Services With Shares

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TORONTO, Dec. 12, 2019 (GLOBE NEWSWIRE) — Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV: DM, FSE: D4G) announces that it has made application to the TSX Venture Exchange (“TSXV”) to pay $454,000 of debt with common shares of the Company at a deemed issue price of $0.05 per common share.  All creditors to which the foregoing relates have entered into debt settlement agreements with the Company and have agreed to accept common shares in lieu of cash.

The Company has also made application to the TSX-V to pay for certain advertising services with common shares being provided to the Company by AGORACOM.  The advertising services agreement with AGORACOM is for a period of one year and the Company is required to pay AGORACOM five $12,000 payments throughout the year for a total of $60,000, payable in common shares of the Company at a deemed issue price equal to the greater of (a) $0.05; and (b) the market price at the time of issue.

Issuance of any shares for debt or services is conditional upon the Company receiving final approval from the TSX-V.  Upon receipt of TSX-V approval, the first payment of $12,000 will be made to AGORACOM in common shares at a deemed issue price of $0.05.  All common shares issued either for debt or for services will be subject to a hold period of four months and a day following the date of issue.

About Datametrex

Datametrex AI Limited is a technology focused company with exposure to Artificial Intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com).

For further information, please contact:

Jeff Stevens – President
Phone: (416) 482-3282
Email: jstevens@datametrex.com

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws.  All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy.

Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

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