Trakopolis IoT Corp. Provides Update on Bonus Share Escrow

CALGARY, Dec. 30, 2016 /- Trakopolis IoT Corp. (“Trakopolis“) (TSXV:TRAK) a cloud based platform for interfacing mobile communications, software applications and location based services, today announced that it has cancelled 949,993 of its common shares issued into escrow (the “Bonus Shares“) in connection with the reverse takeover of Lateral Gold Corp. and Trakopolis’ going public transaction as the conditions to release of the Bonus Shares were not satisfied prior to the release deadline of December 31, 2016.

As a result of the cancellation, Trakopolis’ issued and outstanding common shares have been reduced to 23,194,630 from 24,144,623 on an undiluted basis.

About Trakopolis

Trakopolis provides business intelligence to organizations that require current data for equipment, devices, vehicles and people in remote locations. Trakopolis customers benefit from industry-leading data security through Microsoft Azure, powerful analytics and mobile access to their solution across leading mobile operating systems.

For more information, visit Trakopoliscorp.com or sedar.com

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.

Jeremy Edelman sells 350,000 shares of LGC Capital

Not For Distribution to U.S. News Wire Services or Dissemination In The United States

MONTREAL, Dec. 23, 2016 / – Jeremy Edelman announces that on November 28, 2016, he sold 350,000 common shares of LGC Capital Ltd. (the “Corporation“) (TSXV: QBA) through the facilities of the TSX Venture Exchange at a price of $0.042 per share for proceeds of $14,700, and that on December 7, 2016, a stock option in respect of 2,000,000 common shares of the Corporation held by Mr. Edelman was cancelled by mutual agreement of Mr. Edelman and the Corporation.

Immediately prior to the transactions described above, Jeremy Edelman held 23,747,457 common shares of the Corporation, representing approximately 10.15% of the issued and outstanding common shares, and a stock option in respect of 2,000,000 common shares of the Corporation.  Assuming the exercise of the stock option held by Mr. Edelman, he would have held 25,747,457 common shares of the Corporation, representing approximately 10.91% of the common shares of the Corporation that would have then been issued and outstanding.

Immediately after the transactions described above, Mr. Edelman holds 23,397,457 common shares of the Corporation, representing approximately 9.99% of the issued and outstanding common shares, and no stock options.

As a result of the transactions described above, Mr. Edelman’s shareholdings in the Corporation decreased to approximately 9.99% from approximately 10.15%.

Mr. Edelman sold the 350,000 common shares of the Corporation at a price of $0.042 per share for proceeds of $14,700. Mr. Edelman did not receive any consideration for the cancellation of the stock option.  The exercise price of the stock option was $0.2325 per share and its expiry date was December 31, 2020.

In accordance with applicable securities laws, Mr. Edelman may, from time to time and at any time, acquire additional common shares of the Corporation and/or other equity, debt or other securities or instruments (collectively, “Securities“) of the Corporation in the open market or otherwise, and he reserves the right to dispose of any or all of his Securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to the Securities, the whole depending on market conditions, the business and prospects of the Corporation and other relevant factors.

A copy of an early warning report filed by Mr. Edelman in connection with the transactions described above is available on SEDAR under the Corporation’s profile.  This news release is issued under the early warning provisions of Canadian securities legislation.

For further information: To obtain a copy of the early warning report filed by Jeremy Edelman, please contact: Sébastien Bellefleur, Fasken Martineau DuMoulin LLP, 800 Square Victoria, Suite 3700, Montreal, Québec, H4Z 1E9, Telephone: (514) 397-7445

LGC Capital Ltd. appoints Mohammed Ghafari to Board of Directors

Not For Distribution to U.S. News Wire Services or Dissemination In The United States

MONTREAL, Dec. 22, 2016 / – LGC Capital Ltd. (TSXV: QBA) (“LGC Capital”) announces that Mr. Mohammed Ghafari has been appointed to its Board of Directors.  Mr. Ghafari, who is a resident of Pointe-Claire, Québec, Canada, is the Executive Officer of MEEM Solutions Inc., a Canadian-based management consulting company focused on delivering business strategies and market development.  He was one of the founding members of Digital Planet, a company specialized in Rich Media and video streaming/IPTV services.  Prior thereto, Mr. Ghafari served as Middle East Regional Director for Convergys Corporation and as Executive Sales Director – Middle East for Lucent Technologies.  He started his career at IBM Corporation, in Research and Development of smart software applications.  Mr. Ghafari holds a B.Sc. degree with Honours in Computer Science from Leeds University in England.

Mr. Ghafari replaces Mr. Guy Charette on the Board of Directors of LGC Capital, following Mr. Charette’s recent resignation.  LGC Capital wishes to thank Guy Charette for his valued contribution.

The appointment of Mr. Ghafari as a director of LGC Capital is subject to regulatory approval.

LGC Capital also announces that a stock option in respect of 2,000,000 common shares of LGC Capital held by Mr. Jeremy Edelman was cancelled by mutual agreement of Mr. Edelman and LGC Capital.  The exercise price of the stock option was $0.2325 per share and its expiry date was December 31, 2020.

About LGC Capital

LGC Capital has significant investments and joint ventures in international companies with Cuban ties, that are well positioned to grow with the Cuban economy. Sectors include the following: Oil and Gas, Sports Management, Consulting, Travel & Tourism, Events, TV & Film Production, Agricultural, Renewable Energy and Import & Export.

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

For further information please contact:

Canada Contact:
Rafi Hazan, Secretary and Director
Tel.: (514) 839-7234

London Office Contact:
David Lenigas, Co-Chairman and Chief Executive Officer
Mazen Hadad, Co-Chairman
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations Contact:
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

Electra Meccanica to Honor All Other Vehicle Manufacturer’s Vehicle Deposits Toward Purchase of the SOLO Electric Vehicle

Vancouver BC, December 13, 2016 – Electra Meccanica Vehicles Corporation announced today that they will be honoring all deposits from individuals who have existing pre-orders with other vehicle manufacturers. Specifically, the company will honor all levels of customer deposits up to $1,000 USD with an equal value deposit for a new SOLO electric car upon final delivery of their vehicle.

Developed by Electra Meccanica, the SOLO is the first all-electric, single-seat vehicle designed to reduce congestion, air pollution and operating cost. It has a top speed of 80 miles per hour with a 100 mile range on a full charge that would cover most drivers’ daily commuting needs, making SOLO the ideal supplementary vehicle that is fun to drive at an affordable price. Deposit transfers and pre-orders can be made by visiting the SOLO website at http://smallEV.com.

“With the recent financial and production challenges faced by some of our competitors, we’ve had some of their reservation holders ask us if they could transfer their deposits over to a SOLO because of either uncertainty about their vehicle ever being produced or they just didn’t want to wait for years to get their car,” said Jerry Kroll, CEO of Electra Meccanica. “We wanted to let others know that we will accept those deposits and provide relief for reservation holders with a suitable vehicle replacement option.”


About Electra Meccanica

Electra Meccanica Vehicles Corp. is a Canadian­based designer and manufacturer of the SOLO, an all-­electric, single passenger vehicle developed to revolutionize the way people commute. Electra Meccanica combines founder Jerry Kroll’s extensive background in the race car industry with Intermeccanica custom coach builders’ 50 years of experience building high­quality, specialty vehicles. With the release of its first production vehicle in 2017, the Electra Meccanica SOLO, and the continuing establishment of a growing global dealer network, the company aims to put an electric vehicle in everyone’s driveway by making ownership simple, fun and affordable.

More information is available at http://electrameccanica.com. Interact with ElectraMeccanica at Facebook/EMVSolo, @ElectraMecc and view videos on YouTube at http://bit.ly/2bigEaF.

Safe Harbor Disclosure

This news release contains statements that constitute “forward­looking” statements. Any statements that are not statements of historical fact may be deemed to be forward­looking statements. These statements appear in a number of different places in this news release and, in some cases, can be identified by words such as “anticipates”, “estimates”, “projects”, “expects”, “intends”, “believes”, “plans”, or their negatives or other comparable words. Such forward­looking statements are subject to certain known and unknown risks, uncertainties and other factors which may cause Electra Meccanica’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such statements. Forward­looking statements include statements regarding the outlook for Electra Meccanica’s future operations, plans and timing for Electra Meccanica’s SOLO vehicle, electric vehicle programs, statements about future market conditions, supply and demand conditions, forecasts of future costs and expenditures, and other expectations, intentions and plans that are not historical facts. Although Electra Meccanica believes that its expectations reflected in such forward­looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated above include, among others, general economic and business conditions, hazards customary in the automotive and technology industries, competition in wholesale and retail markets, the volatility of production and manufacturing prices, failure of customers to perform under contracts, changes in government regulation of markets and of environmental emissions, changes in the electric vehicle market, and our ability to achieve the    expected benefits and timing of our electric vehicle projects. Accordingly, readers should not place undue reliance on forward­looking statements contained in this news release and in any document referred to in this news release. Electra Meccanica undertakes no obligation to update or revise any forward­looking statements, whether as a result of new information, future events or otherwise.

Media Contact:
Jeff Holland
Electra Meccanica Vehicle Corp.
Tel. 562.640.1758
Email: JeffHolland@electrameccanica.com

Alexia Helgason
Director, Investor Relations
Tel. 604-728-4407
Email: alexia@electrameccanica.com

 

Fortune Magazine Features FLYHT Aerospace

This morning (December 8th) Fortune.com, the online version of Fortune Magazine, featured a commentary by FLYHT board member and former Chairman of the U.S. National Transportation Safety Board, Mark Rosenker.

fly_161208pic1In the commentary, Mr. Rosenker declares “The technology is available.” He was referring to FLYHT Aerospace’s Automated Flight Information and Reporting System (AFIRS™) and its ability to stream recorder data from the flight data recorder (FDR) of an aircraft while in flight.

In the article he states, “This (AFIRS) offers the value of not only providing the actual location of the aircraft, but also an understanding of how it is – its real-time status. Data can be streamed as a result of a “trigger” that might occur during a flight incident. Or, data could simply be streamed throughout the flight for routine flight status information.”

In conclusion he declares, “We have the technology to make airline travel even safer – and we need to use it.”

To read the full article, please click here.

Alex Ruus on BNN: We Argue It (FLYHT) Should Be Trading Substantially Higher

Arrow Capital Portfolio Manager, Alex Ruus, was more than positive in his response to a caller who asked about FLYHT Aerospace during last night’s (December 5th) appearance on Canada’s Business News Network (BNN). This was his response:

We like it very much and good timing. I actually sat down and had dinner with the CEO of FLYHT last week. Things are just going great. The business continues to develop. The Chinese business has been a particularly bright area in the last year and is growing strongly; looks to potentially even accelerate some more next year. Meanwhile, they continue to work with a number of global OEMs on doing business. They are on the production lines at Airbus and up on Bombardier, and we think that there are opportunities in other areas.

Meanwhile, there is increasing pressure for increased regulation in terms of flight following. At some point in the next two to three years, you could see something happen that accelerates adoption of a lot of their solutions. This is like an internet of things type company. People never talk about it that way. But it really fits into that increasing data off of industrial machinery, which in this case is airplanes. Again really critical information, which helps them fine tune the operation of the plane, prevents accidents and if there is an accident give you immediate information to know what’s happening.

We think at some point this thing is really going to take off, it has been a frustrating stock. It kind of flat lined over the last year, despite becoming profitable in the summer, it’s likely going to finish the year profitable and growing at almost 50% a year rate. So, we are scratching our head a little bit as to why the stock is trading at the 20 cent area, we argue it should be trading substantially higher.   

To watch the segment, please click here.

Trakopolis IoT Corp. Opens the Market

TORONTO, Dec. 5, 2016 / – Brent Moore, President and CEO, Trakopolis IoT Corp. (TRAK), joined Shaun McIver, Chief Client Officer, Equity Capital Markets, TMX Group to open the market. Trakopolis provides business intelligence services and software to organizations requiring current information and relevant data on the location and status of corporate assets such as equipment, devices, vehicles and people. Trakopolis IoT Corp. listed on TSX Venture Exchange on October 26, 2016.

MAYA Simulation Provides Support to Electra Meccanica for SOLO Electric Vehicle

Montreal, QC/Vancouver BC, December 5, 2016 – MAYA Heat Transfer Technologies Ltd. (hereinafter MAYA) and Electra Meccanica Vehicles Corporation jointly announced today that the two companies have agreed to collaborate to help Electra Meccanica enhance the development and accelerate the time-to-market for its new SOLO electric vehicle.

MAYA has been selected for its in-depth knowledge of Siemens’ product lifecycle management (PLM) software solutions as well as its expertise in the computer aided engineering (CAE) and the automobile industry, which are instrumental in ensuring design optimization in structure, thermal, flow and material composition and to maximize the overall performance of SOLO.

Developed by Electra Meccanica, the SOLO is the first all-electric, single-seat vehicle designed to reduce congestion, air pollution and operating cost. It has a top speed of 80 miles per hour with a 100 mile range on a full charge that would cover most drivers’ daily commuting needs, making SOLO the ideal supplementary vehicle that is fun to drive at an affordable price. Pre-orders can be made by visiting the SOLO website at http://smallEV.com.

“The team at MAYA has been an integral part in expediting the development time in helping bring the SOLO EV to market,” said Jerry Kroll, CEO of Electra Meccanica. “Their engineering solutions help to enhance the vehicle’s performance capabilities in making it a true driver’s car with an unmatched ride and handling.”

“At MAYA we believe that electric cars, fed by grids with renewable energy, and the electrification of transportation in general, will be the driving force in reducing fossil fuel consumption. Working with Electra Meccanica, we intend to apply our expertise in simulation and our experience in the automotive industry to help bring SOLO to the market”, said Inta Zvagulis, President, MAYA Heat Transfer Technologies.


About Electra Meccanica

Electra Meccanica Vehicles Corp. is a Canadian-based designer and manufacturer of the SOLO, an all-electric, single passenger vehicle developed to revolutionize the way people commute. Electra Meccanica combines founder Jerry Kroll’s extensive background in the race car industry with Intermeccanica custom coach builders’ 50 years of experience building high-quality, specialty vehicles. With the release of its first production vehicle in 2016, the Electra Meccanica SOLO, the company aims to put an electric vehicle in everyone’s driveway by making ownership simple, fun and affordable.

More information is available at http://electrameccanica.com. Interact with ElectraMeccanica at Facebook/EMVSolo, @ElectraMecc and view videos on YouTube at http://bit.ly/2bigEaF.

About MAYA Heat Transfer Technologies

MAYA Heat Transfer Technologies works with engineering firms to solve their most challenging issues. Our expertise in CAE and ability to address the specific needs of companies’ applications, processes, organization and resource help promote innovation, reduce product cost, improve quality, and accelerate time-to-market. As a core Siemens PLM Software partner, MAYA brings an intimate knowledge of a broad range of products and technologies that enables the delivery of end-to-end solutions customized to meet the most demanding customer needs. http://www.mayahtt.com

Safe Harbor Disclosure

This news release contains statements that constitute “forward­looking” statements. Any statements that are not statements of historical fact may be deemed to be forward­looking statements. These statements appear in a number of different places in this news release and, in some cases, can be identified by words such as “anticipates”, “estimates”, “projects”, “expects”, “intends”, “believes”, “plans”, or their negatives or other comparable words. Such forward­looking statements are subject to certain known and unknown risks, uncertainties and other factors which may cause Electra Meccanica’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such statements. Forward­looking statements include statements regarding the outlook for Electra Meccanica’s future operations, plans and timing for Electra Meccanica’s SOLO vehicle, electric vehicle programs, statements about future market conditions, supply and demand conditions, forecasts of future costs and expenditures, and other expectations, intentions and plans that are not historical facts. Although Electra Meccanica believes that its expectations reflected in such forward­looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated above include, among others, general economic and business conditions, hazards customary in the automotive and technology industries, competition in wholesale and retail markets, the volatility of production and manufacturing prices, failure of customers to perform under contracts, changes in government regulation of markets and of environmental emissions, changes in the electric vehicle market, and our ability to achieve the    expected benefits and timing of our electric vehicle projects. Accordingly, readers should not place undue reliance on forward­looking statements contained in this news release and in any document referred to in this news release. Electra Meccanica undertakes no obligation to update or revise any forward­looking statements, whether as a result of new information, future events or otherwise.

Media Contact:
Jeff Holland
Electra Meccanica Vehicle Corp.
Tel. 562.640.1758
Email: JeffHolland@electrameccanica.com

MAYA Heat Transfer Technologies Ltd.
Dominic Lachance, Marketing Supervisor
Tel. 514-369-5706 x 379
Email: Dominic.lachance@mayahtt.com

FLYHT Joins a Select Group of Canadian Companies with CAAC Part-145 Approval

Calgary, Alberta – December 1, 2016 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) today announced it has been granted CAAC Part-145 approval by the Civil Aviation Administration of China (CAAC).

The approval took almost two years to achieve and now allows FLYHT to repair Automated Flight Information Reporting System (AFIRSTM) units and return them to customers in China with an AAC-038 release certificate. The AAC-038 is a maintenance release document that allows for AFIRS 228 installation on Chinese-registered aircraft under the CAAC Part-145 approval. Previously, FLYHT supplied new units for warranty exchange, so this approval will improve efficiency and convenience for Chinese customers by allowing units to be repaired and returned.

“FLYHT joins only four other companies in Canada with CAAC Part-145 approval,” remarked Vinay Parmar, Quality Assurance Manager at FLYHT. “The approval is an added benefit to airlines and our customers in China who value CAAC approval.”

FLYHT does not require maintenance approval for countries with whom Canada has bi-lateral agreements as they accept authorized release certificates issued in Canada.  China is an important market for FLYHT and does not yet have a bi-lateral agreement with Canada that encompasses the release tags required so the ability to issue an AAC-038 release for repairs performed in Canada is beneficial.

This CAAC Part-145 approval is independent of the maintenance repair company contract in the Peoples Republic of China announced on November 28, 2016 and provides further service alternatives for our customers.

About FLYHT Aerospace Solutions Ltd.

FLYHT is a leading provider of real-time aircraft intelligence and cockpit communications for the aerospace industry. More than 50 customers, including airlines, leasing companies and original equipment manufacturers, have installed our systems in order to increase safety, improve operational efficiencies and enhance profitability. FLYHT’s proprietary technology, the Automated Flight Information Reporting System (AFIRS™), operates on multiple aircraft types and provides functions such as safety services voice and text messaging, data collection and transmission, and on-demand streaming of flight data recorder (black box), engine and airframe data. AFIRS sends this information through the Iridium Satellite Network to FLYHT’s UpTime™ ground-based server, which routes the data to customer-specified end points and provides an interface for real-time aircraft interaction. AFIRS has flown over 2.3 million aggregate flight hours and 1.5 million flights on customers’ aircraft. FLYHT holds supplemental type certificates (STC) which allow for the installation of AFIRS on 95% of transport category aircraft.

Contact Information

FLYHT Aerospace Solutions Ltd.
Nola Heale, CPA (CA)
Chief Financial Officer
403-291-7425
nheale@flyht.com 

Investor Relations
The Howard Group Inc.
Dave Burwell
Vice President
(888) or (403)-221-0915
dave@howardgroupinc.com

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.