WALTHAM, MA / ACCESSWIRE / February 27, 2020 / Tecogen Inc. (NASDAQ:TGEN), a clean energy company providing ultra-efficient, clean, natural gas-powered on-site power, heating, and cooling equipment, is pleased to announce it has been included in a Wood Mackenzie study entitled, "U.S. microgrid developer landscape 2019: Market shares and competitive strategies." The study analyzes the microgrid market and related technologies in North America. The study ranked Tecogen #3 for number of operational microgrids in the US, and #41 in terms of microgrid operational capacity.

Tecogen's Inverde e+ cogeneration system has exclusive rights to microgrid technology developed by the Consortium for Electric Reliability and Technology Solutions (CERTS) for cogeneration units under 500 kW. The CERTS microgrid feature allows sites with 2 or more distributed generation systems to operate in parallel with the grid or autonomously in the case of a grid outage with expensive and complicated engine controls. The Inverde e+ also has UL1741 SA "smart inverter" certification which is required for many utilities to provide lucrative grid support services such as demand response, power factor correction, and frequency response.

"Tecogen has shipped over 350 microgrid enabled Inverde systems with an operational capacity of over 40 MW since we introduced the product in 2007," noted Benjamin Locke, Tecogen Chief Executive Officer. "We are proud of efforts to provide cost-effective microgrid solutions that provide grid resiliency, improve greenhouse gas emissions, and most importantly, reduce energy costs for the facility."

Wood Mackenzie has identified microgrids as a key component of the energy future in the United States because of the need for increased energy reliability and resiliency while reducing environmental impacts and lowering energy costs.

About Tecogen

Tecogen Inc. designs, manufactures, sells, installs, and maintains high efficiency, ultra-clean, cogeneration products including natural gas engine-driven combined heat and power, air conditioning systems, and high-efficiency water heaters for residential, commercial, recreational and industrial use. The company is known for cost efficient, environmentally friendly and reliable products for energy production that, through patented technology, nearly eliminate criteria pollutants and significantly reduce a customer's carbon footprint.

In business for over 35 years, Tecogen has shipped more than 3,000 units, supported by an established network of engineering, sales, and service personnel across the United States. For more information, please visit www.tecogen.com or contact us for a free Site Assessment.

Tecogen, InVerde e+, Ilios, Tecochill, Tecofrost, Tecopower, and Ultera are registered or pending trademarks of Tecogen Inc.

About Wood Mackenzie

Wood Mackenzie, a Verisk Analytics business, is a trusted source of commercial intelligence for the world's natural resources sector.

Forward Looking Statements
This press release contains "forward-looking statements" which may describe strategies, goals, outlooks or other non-historical matters, or projected revenues, income, returns or other financial measures that may include words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," "project," "target," "potential," "will," "should," "could," "likely," or "may" and similar expressions intended to identify forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements.

In addition to those factors described in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q under "Risk Factors," among the factors that could cause actual results to differ materially from past and projected future results are the following: fluctuations in demand for our products and services, competing technological developments, issues relating to research and development, the availability of incentives, rebates, and tax benefits relating to our products and services, changes in the regulatory environment relating to our products and services, integration of acquired business operations, and the ability to obtain financing on favorable terms to fund existing operations and anticipated growth.

Tecogen Media & Investor Relations Contact Information:

Benjamin Locke, CEO
P: (781) 466-6402
E: Benjamin.Locke@Tecogen.com

SOURCE: Tecogen Inc.

ReleaseID: 578095

Conference Call Scheduled for 8:30 AM ET

BRIDGEVIEW, IL / ACCESSWIRE / February 27, 2020 / Manitex International, Inc. (NASDAQ:MNTX) a leading international provider of cranes and specialized industrial equipment, today announced that management will announce its fourth quarter and full year 2019 financial results, before the market opens, on Monday, March 9, 2020. Steve Filipov, the company's Chief Executive Officer will then lead a public conference call, slated to begin at 8:30 AM Eastern Time, to discuss the results with the investment community.

Anyone interested in participating in the call should dial 1- 888-256-1007 if calling within the United States or 323-994-2093 if calling internationally. A replay will be available until March 16, 2020, 11:59 PM which can be accessed by dialing 1- 844-512-2921 if calling within the United States or 412- 317-6671 if calling internationally. Please use passcode 7459648 to access the replay.

The call will additionally be broadcast live and archived for 90 days over the internet, accessible at the investor relations portion of the Company's corporate website, www.manitexinternational.com/eventspresentations.aspx.

About Manitex International, Inc.

Manitex International, Inc. is a leading worldwide provider of highly engineered mobile cranes (truck mounted straight-mast and knuckle boom cranes, industrial cranes, rough terrain cranes and railroad cranes), truck mounted aerial work platforms and specialized industrial equipment. Our products, which are manufactured in facilities located in the USA and Europe, are targeted to selected niche markets where their unique designs and engineering excellence fill the needs of our customers and provide a competitive advantage. We have consistently added to our portfolio of branded products and equipment both through internal development and focused acquisitions to diversify and expand our sales and profit base while remaining committed to our niche market strategy. Our brands include Manitex, PM, MAC, PM-Tadano, Oil & Steel, Badger, Sabre, and Valla.

Contact:

Manitex International, Inc. 
Steve Filipov 
Chief Executive Officer 
(708) 237-2054 
sfilipov@manitex.com 

Darrow Associates, Inc.
Peter Seltzberg, Managing Director
Investor Relations
(516) 419-9915
pseltzberg@darrowir.com

SOURCE: Manitex International Inc.

ReleaseID: 578113

VANCOUVER, BC / ACCESSWIRE / February 27, 2020 / GreenPower Motor Company Inc. (TSXV:GPV)(OTCQX:GPVRF) ("GreenPower" or the "Company"), a leading designer, manufacturer, and distributer of a diverse line of electric powered buses for the transit, shuttle, tourist and school sectors, today announced results for its third quarter ended December 31, 2019.

Quarterly Highlights:

Sold or leased a record 35 all-electric buses during the period, comprised of 33 EV Stars and two Synapse Type D School buses.
Reported quarterly revenue of $5 million compared to $1.1 million for the same quarter in the previous year, an increase of 350%.
Reported quarterly Adjusted EBITDA loss of $115,741 compared to an Adjusted EBITDA loss of $330,192 in the previous year
Gross profit margin during the quarter was 29.4%, compared to 25.6% in Q2.
For the nine months ended December 31, 2019 the Company generated revenue of $12.9 million compared to $3.6 million for the nine months ended December 31, 2018, an increase of 258%.
Delivered 30 EV Stars to Green Commuter, pursuant to an order for 100 EV Stars that was placed earlier in the year.
Delivered 3 EV Stars to Sacramento Regional Transit being a follow-on order from the 6 EV Stars delivered earlier in the summer.
The Synapse Type D School bus passed the California Highway Patrol certification and received the 292 card.
Currently there are 50 EV Stars in production and another 50 in pre-production.
At December 31, 2019 the Company had received approvals for 85 HVIP voucher requests relating to sales in California, for a total of approximately $9 million reserved from the 2019 allocation, subject to final delivery and approval.
Finished the quarter with inventory of $4.8 million, including $2.5 million of finished goods and $2.3 million of work in process and accounts receivable of $5.7 million.

"In the last two quarters the Company has delivered 62 all-electric buses which is substantially more than we had delivered up to that point. Given our current strong order book and nation-wide sales reach, we are well positioned to continue to deliver robust growth going forward," said Fraser Atkinson, Chairman and CEO of GreenPower Motor Company. "We are pursuing various initiatives to maximize our operating efficiencies, expand margins, and leverage our position in the market to meet increasing demand across North America. In addition, we continue to work towards uplisting to the NASDAQ stock exchange, which, we believe, will be of benefit to our shareholders."

Results for the Third Quarter Ended December 31, 2019

For the three-month period ended December 31, 2019 the Company recorded revenues of $4,977,548 compared to $1,106,530 for the three months ended December 31, 2018 an increase of 350%. Cost of sales for the quarter amounted to $3,511,990 yielding a gross profit of $1,465,558 or 29.4% of revenues compared to a gross profit of $590,309 for the same quarter in the previous year. Operating costs consisted of administrative fees of $1,055,706, transportation costs of $58,863; travel, accommodation, meals and entertainment costs of $52,792, product development costs of $348,583; sales and marketing costs of $109,731; professional fees of $87,953 and office expense of $41,549, as well as non-cash expenses including $34,885 of share-based compensation expense and depreciation of $157,970. Interest and accretion on the line of credit, convertible debentures and promissory notes totalled $574,031, and a foreign exchange gain of $418 resulted in a loss for the period of $1,056,087 or $0.01 per share. Non-cash expenses consisting of depreciation, accretion and accrued interest, share-based compensation, warranty accrual and amortization of deferred financing fees totaled $675,755 in the three-month period.

Results for the Nine Months Ended December 31, 2019

For the nine-month period ended December 31, 2019 the Company recorded revenues of $12,858,002 compared to $3,595,892 for the nine months ended December 31, 2018 an increase of 258%. Cost of sales for the period amounted to $9,276,910 generating a gross profit of $3,581,092 or 27.9% of revenues. Operating costs consisted of administrative fees of $2,505,075, transportation costs of $177,727, travel, accommodation, meals and entertainment costs of $240,542, product development costs of $864,309; sales and marketing costs of $256,211; professional fees of $201,585 and office expense of $135,157 as well as non-cash expenses including $181,454 of share-based compensation expense and depreciation of $462,217. Interest and accretion on the line of credit, convertible debentures and promissory notes totalled $1,584,685, and a foreign exchange loss of $4,069 resulted in a loss for the period of $3,031,939 or $0.03 per share.

Non IFRS Financial Measures

"Adjusted EBITDA" reflects net income before interest, taxes, share-based payments, depreciation and amortization, and warranty accrual. Adjusted EBITDA is a measure used by analysts and investors as an indicator of operating cash flow since it excludes the impact of movements in working capital items, non-cash charges and financing costs. Therefore, Adjusted EBITDA gives the investor information as to the cash generated from the operations of a business. However, Adjusted EBITDA is not a measure of financial performance under IFRS and should not be considered a substitute for other financial measures of performance. Adjusted EBITDA as calculated by GreenPower may not be comparable to Adjusted EBITDA as calculated and reported by other companies.

 
For the three months ended
 
 
For the nine months ended
 

Adjusted EBITDA Reconciliation

 
December 31,
 
 
December 31,
 
 
December 31,
 
 
December 31,
 

 
2019
 
 
2018
 
 
2019
 
 
2018
 

Net loss for the period

 
$
(1,056,087
)
 
$
(915,734
)
 
$
(3,031,939
)
 
$
(2,990,385
)

Plus:

Depreciation

 
 
157,970
 
 
 
114,239
 
 
 
462,217
 
 
 
343,601
 

Interest and accretion

 
 
574,031
 
 
 
375,601
 
 
 
1,584,685
 
 
 
972,255
 

Share-based payments

 
 
34,885
 
 
 
57,282
 
 
 
181,454
 
 
 
239,991
 

Warranty Accrual

 
 
173,460
 
 
 
38,420
 
 
 
400,878
 
 
 
259,957
 

Adjusted EBITDA

 
$
(115,741
)
 
$
(330,192
)
 
$
(402,705
)
 
$
(1,174,581
)

(1) Please refer to Non IFRS Financial Measures for a description of Adjusted EBITDA.

Conference Call

A conference call will be held on February 27th, 2020, at 1:30 p.m. PT/4:30 p.m. ET and will be available for replay after complete. This call will contain forward-looking statements and other material information regarding the Company's financial and operating results. To participate, interested parties should dial 1-877-270-2148 (US); 1-866-605-3852 (Canada); or 1-412-902-6510 (International) and ask to be joined to the GreenPower Motor Company earnings call.

For further information contact:

Fraser Atkinson
Chairman and CEO
(604) 220-8048

Michael Sieffert
CFO
(604) 563-4144

Brendan Riley
President
(510) 910-3377

GreenPower Investor Relations
Michael Cole
(949) 444-1341

About GreenPower Motor Company Inc.

GreenPower designs, builds and distributes a full suite of high-floor and low-floor vehicles, including transit buses, school buses, shuttles, a cargo van and a double decker. GreenPower employs a clean-sheet design to manufacture all-electric buses that are purpose built to be battery powered with zero emissions. GreenPower integrates global suppliers for key components, such as Siemens or TM4 for the drive motors, Knorr for the brakes, ZF for the axles and Parker for the dash and control systems. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. For further information go to www.greenpowerbus.com

Forward-Looking Statements

This document contains forward-looking statements relating to, among other things, GreenPower's business and operations and the environment in which it operates, which are based on GreenPower's operations, estimates, forecasts and projections. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Such forward-looking statements include, among other things that the Company is well. positioned to continue to deliver robust growth going forward, that the Company will maximize operating efficiencies, expand margins and leverage its position in the market, that the Company will list its shares on NASDAQ and that such listing will be of great benefit to the Company's shareholders, that the Company will receive approval for its 118 HVIP voucher request work $12.3 million. Actual results could differ from those projected in any forward looking statements due to numerous factors. Such factors include, among others: the risk that government policies or laws may change and that additional governmental regulations may be implemented regarding the production and sale of electric vehicles; the risk that purchasers may not purchase the Company's EV products; the risk that there may be additional competitors selling EV products; the risk that the Company will not be able to deliver completed buses on time; the risk that the Company's clients will not default on their purchase terms; the risk that governmental regulations and taxation will change to adversely affect the Company's business and financial results; the risk that government grants that reduce the cost of purchasing electric vehicles will be reduced, cancelled, or delayed, including the HVIP voucher requests relating to sales in California; the risk that the Company has a limited number of suppliers; the potential for supply-chain interruption due to factors beyond the Company's control; the risk that there may be a recall of products; the inherent uncertainties associated with operating as an early-stage company; the Company's ability to raise the additional funding that it will need to continue to pursue its business, planned capital expansion and sales activity; general economic conditions in Canada, the United States, China and globally; transportation industry conditions; potential delays or changes in plans with respect to deployment of services or capital expenditures; availability of sufficient financial resources to pay for the development and costs of the Company's products; competition for, among other things, capital and skilled personnel; changes in economic and market conditions that could lead to reduced spending on green energy initiatives; competition in our target markets; management of future growth and expansion; the development, implementation and execution of the Company's strategic vision; risk of third-party claims of infringement; legal and/or regulatory risks relating to the Company's business and strategic acquisitions; protection of proprietary information; the success of the Company's brand development efforts; risks associated with strategic alliances; reliance on distribution channels; product concentration; the Company's ability to hire and retain qualified employees and key management personnel. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by applicable law, including the securities laws of the United States and Canada. Although the Company believes that any beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Readers should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the reports and other documents the Company files with on the SEDAR, available at www.sedar.com.

GREENPOWER MOTOR COMPANY INC.
Consolidated Condensed Interim Statements of Financial Position
As at September 30, 2019 and March 31, 2019
(Expressed in US Dollars)
(Unaudited – Prepared by Management)

 
December 31,
2019
 
 
March 31,
2019
 

 
(Unaudited)
 
 
(Audited)
 

Assets

Current

Cash and restricted cash

 
$
244,176
 
 
$
198,920
 

Accounts receivable

 
 
5,704,155
 
 
 
1,394,689
 

GST receivable

 
 
73,055
 
 
 
99,176
 

Current portion of finance lease receivable

 
 
47,681
 
 
 
21,101
 

Inventory

 
 
4,836,324
 
 
 
5,157,918
 

Prepaids & deposits

 
 
50,376
 
 
 
59,503
 

 
 
10,955,767
 
 
 
6,931,307
 

Non-current

Promissory note receivable

 
 
639,131
 
 
 
593,547
 

Finance lease receivable

 
 
1,585,085
 
 
 
303,802
 

Right of use assets

 
 
686,444
 
 
 
699,574
 

Property and equipment

 
 
1,723,337
 
 
 
1,692,127
 

Non current portion of prepaids & deposits

 
 
46,692
 
 
 
46,692
 

Deferred financing fees

 
 
1,175,377
 
 
 
1,643,249
 

Other assets

 
 
1
 
 
 
1
 

 
$
16,811,834
 
 
$
11,910,299
 

Liabilities

Current liabilities

Line of credit

 
$
4,974,045
 
 
$
4,419,907
 

Accounts payable & accrued liabilities

 
 
2,445,930
 
 
 
731,223
 

Note payable

 
 
284,601
 
 
 
268,946
 

Deposits from customers

 
 
132,197
 
 
 
234,177
 

Deferred revenue

 
 
303,354
 
 
 
589,727
 

Current portion of warranty liability

 
 
121,944
 
 
 
84,707
 

Current portion of promissory note payable

 
 
57,750
 
 
 
56,895
 

Current portion of lease liabilities

 
 
266,465
 
 
 
194,829
 

Current portion of loans payable to related parties

 
 
50,000
 
 
 
506,072
 

 
 
8,636,286
 
 
 
7,086,483
 

Non-current

Loans payable to related parties

 
 
2,796,024
 
 
 
992,835
 

Convertible debentures

 
 
3,091,701
 
 
 
2,737,054
 

Lease liabilities

 
 
457,150
 
 
 
523,459
 

Warranty liability

 
 
593,697
 
 
 
251,864
 

Promissory note payable

 
 
360,776
 
 
 
404,240
 

 
 
15,935,634
 
 
 
11,995,935
 

Equity (Deficit)

Share capital

 
 
16,753,464
 
 
 
12,984,796
 

Equity portion of convertible debentures

 
 
379,506
 
 
 
383,094
 

Reserves

 
 
5,575,269
 
 
 
5,342,510
 

Accumulated other comprehensive loss

 
 
(93,432
)
 
 
(89,368
)

Accumulated deficit

 
 
(21,738,607
)
 
 
(18,706,668
)

 
 
876,200
 
 
 
(85,636
)

 
$
16,811,834
 
 
$
11,910,299
 

GREENPOWER MOTOR COMPANY INC.
Consolidated Condensed Interim Statements of Operations and Comprehensive Loss
For the Three and Six Month Ended September 30, 2019 and 2018
(Expressed in US Dollars)
(Unaudited – Prepared by Management)

 
For the three months ended
 
 
For the six months ended
 

 
December 31,
 
 
December 31,
 
 
December 31,
 
 
December 31,
 

 
2019
 
 
2018
 
 
2019
 
 
2018
 

Revenue

 
$
4,977,548
 
 
$
1,106,530
 
 
$
12,858,002
 
 
$
3,595,892
 

Cost of Sales

 
 
3,511,990
 
 
 
516,221
 
 
 
9,276,910
 
 
 
2,128,450
 

Gross Profit

 
 
1,465,558
 
 
 
590,309
 
 
 
3,581,092
 
 
 
1,467,442
 

Administrative fees

 
 
1,055,706
 
 
 
516,432
 
 
 
2,505,075
 
 
 
1,525,859
 

Depreciation

 
 
157,970
 
 
 
114,239
 
 
 
462,217
 
 
 
343,601
 

Product development costs

 
 
348,583
 
 
 
108,157
 
 
 
864,309
 
 
 
278,416
 

Office expense

 
 
41,549
 
 
 
87,093
 
 
 
135,157
 
 
 
234,641
 

Professional fees

 
 
87,953
 
 
 
67,872
 
 
 
201,585
 
 
 
187,882
 

Sales and marketing

 
 
109,731
 
 
 
90,618
 
 
 
256,211
 
 
 
310,702
 

Share based payments

 
 
34,885
 
 
 
57,282
 
 
 
181,454
 
 
 
238,991
 

Transportation costs

 
 
58,863
 
 
 
58,780
 
 
 
177,727
 
 
 
188,144
 

Travel, accomodation, meals and entertainment

 
 
52,792
 
 
 
48,281
 
 
 
240,542
 
 
 
195,097
 

Sales, general and administrative costs and other expenses

 
 
1,948,032
 
 
 
1,148,754
 
 
 
5,024,277
 
 
 
3,503,333
 

Loss from operations before interest, accretion and foreign exchange

 
 
(482,474
)
 
 
(558,445
)
 
 
(1,443,185
)
 
 
(2,035,891
)

Interest and accretion

 
 
574,031
 
 
 
375,601
 
 
 
1,584,685
 
 
 
972,255
 

Foreign exchange loss

 
 
(418
)
 
 
(18,312
)
 
 
4,069
 
 
 
(17,761
)

Loss for the period

 
 
(1,056,087
)
 
 
(915,734
)
 
 
(3,031,939
)
 
 
(2,990,385
)

Other comprehensive income/(loss)

Cumulative translation reserve

 
 
(14,932
)
 
 
(20,840
)
 
 
(4,064
)
 
 
(38,863
)

Total comprehensive loss for the period

 
$
(1,071,019
)
 
$
(936,574
)
 
$
(3,036,003
)
 
$
(3,029,248
)

Loss per common share, basic and diluted

 
$
(0.01
)
 
$
(0.01
)
 
$
(0.03
)
 
$
(0.03
)

Weighted average number of common shares, basic and diluted

 
 
108,207,251
 
 
 
93,511,801
 
 
 
105,972,210
 
 
 
93,404,253
 

Please refer to GreenPower's Consolidated Condensed Interim Financial Statements and accompanying notes and Management Discussion and Analysis for the periods ended December 31, 2019 and December 31, 2018 as filed on SEDAR (https://sedar.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. All amounts in U.S. dollars. © 2020 GreenPower Motor Company Inc. All rights reserved.

SOURCE: GreenPower Motor Company Inc.

ReleaseID: 578123

SANTA FE, NM / ACCESSWIRE / February 27, 2020 / Sigma Labs, Inc. (NASDAQ:SGLB) ("Sigma Labs" or the "Company"), a leading developer of quality assurance software for the commercial 3D printing industry, will effect a one-for-ten reverse stock split of its outstanding common stock to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq Listing Rule 5550(a)(2).

The Company's common stock will begin trading on the Nasdaq Capital Market on a split adjusted basis when the market opens on Friday, February 28, 2020 and will continue to trade under the symbol "SGLB." The new CUSIP number for the common stock following the reverse stock split will be 826598500. The number of shares of common stock that Sigma Labs is authorized to issue will correspondingly decrease from 22,500,000 shares to 2,250,000 shares.

The reverse stock split uniformly affects all issued and outstanding shares of the Company's common stock and will not alter any stockholder's percentage ownership interest in the Company, except to the extent that the reverse stock split results in fractional interests. No fractional shares will be issued in connection with the reverse stock split. Stockholders will be issued one whole share of common stock in exchange for any fractional interest that such stockholder would have otherwise received as a result of the reverse stock split. The par value of the Company's common stock will remain unchanged at $0.001 per share after the reverse stock split.

The reverse stock split will reduce the number of shares of common stock issued and outstanding from 14,500,823 shares to 1,450,083 shares, plus any shares to be issued in exchange for fractional interests. The reverse stock split proportionately affects the number of shares of common stock available for issuance under the Company's equity incentive plans. All options, warrants, shares issuable upon conversion of the Company's preferred stock and stock awards of the Company outstanding immediately prior to the reverse stock split will be adjusted in accordance with their terms.

The Company's transfer agent, Issuer Direct Corporation, is acting as the exchange agent for the reverse stock split. Issuer Direct Corporation will provide instructions to stockholders of record regarding the exchange of stock certificates, as applicable, but such exchange is not required. Stockholders who hold their shares in brokerage accounts or "street name" are not required to take any action to effect the exchange of their shares. Shareholders with questions may contact the Company's transfer agent by calling 801-272-9294.

About Sigma Labs

Sigma Labs, Inc. (NASDAQ: SGLB) is a leading provider of quality assurance software to the commercial 3D printing industry under the PrintRite3D® brand. Founded in 2010, Sigma is a software company that specializes in the development and commercialization of real-time computer aided inspection (CAI) solutions known as PrintRite3D® for 3D advanced manufacturing technologies. Sigma Labs' advanced computer-aided software product revolutionizes commercial additive manufacturing, enabling non-destructive quality assurance mid-production, uniquely allowing errors to be corrected in real-time. For more information, please visit www.sigmalabsinc.com.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words "believe," "anticipate," "estimate," "expect," "intend," "plan," "project," "prospects," "outlook," and similar words or expressions, or future or conditional verbs such as "will," "should," "would," "may," and "could" are generally forward-looking in nature and not historical facts. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements to be materially different from any anticipated results, performance or achievements. The Company disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise. For additional risks and uncertainties that could impact the Company's forward-looking statements, please see the Company's Annual Report on Form 10-K (including but not limited to the discussion under "Risk Factors" therein) filed with the SEC on April 1, 2019 and which may be viewed at www.sec.gov.

Contacts:

Media Contact:

Julia Wakefield
Vice President
Rubenstein Public Relations
212-805-3021
jwakefield@rubensteinpr.com
www.rubensteinpr.com

Investor Contact:

Chris Tyson
Managing Director
MZ Group – MZ North America
949-491-8235
SGLB@mzgroup.us
www.mzgroup.us

SOURCE: Sigma Labs, Inc.

ReleaseID: 578134

VANCOUVER, BRITISH COLUMBIA / ACCESSWIRE / February 27, 2020 / Ovation Science Inc. (CSE:OVAT) ("Ovation" or the "Company"), announces it has shipped the first order of its DermSafe® hand sanitizer lotion to China. This follows the recent announcement on February 13th of receiving the order and full payment for 25,000 units of DermSafe. The recent spread of the coronavirus in China and globally has fueled the demand for this product. DermSafe is made with chlorhexidine gluconate; an ingredient used worldwide in hospitals and dental offices as it has a proven ability to kill both bacteria and viruses. DermSafe binds to the skin and resists wash-off and rub-off for up to four hours.

"This shipment marks the Company's first foray into the non-cannabis personal care market as well as our first international sale. Based on the number of requests we have had, today's shipment is just the beginning of the demand we have for DermSafe," said Terry Howlett, President of Ovation. "We are expecting additional orders shortly as today's shipment pertains to our first client in China and we are in discussions with other companies in China and S. Korea."

"DermSafe is a very unique product, one that really does not compare to anything in the market. It took scientists over six years to develop the product. We have proven that DermSafe can offer protection for people concerned about spreading all kinds of germs from person to person and so we are glad that we can do our part to help combat the spread of the coronavirus virus as well as the flu virus," said Doreen McMorran, COO of Ovation. " "Independent research conducted at a major virology lab in the UK confirms that DermSafe has both an immediate kill as well as a long term kill of up to 4 hours on envelope viruses tested including H5N1 (bird flu), H1N1 (swine flu) and H3N2 (influenza virus). Although we have not tested against the coronavirus (2019-nCoV) it is also an envelope virus."

The WHO (World Health Organization) "Novel Coronavirus (2019-nCoV) Situation Report -37", as of February 26, 2020 reports there were 81,109 confirmed cases of people with the coronavirus; that is up 80% from when we first reported these figures on February 12th. The virus has also spread to 37 countries, bringing the WHO Global Risk Assessment to "HIGH".

(Source: https://www.who.int/emergencies/diseases/novel-coronavirus-2019/situation-reports/).

For more information about Ovation Science products visit https://ovationscience.com/products/.

Statements have not been evaluated by the Food and Drug Administration or Health Canada. These products are not intended to diagnose, treat, cure, or prevent any disease. Ovation does not sell or distribute any products that are in violation of the United States Controlled Substances Act (US.CSA).

To learn more about Ovation Science, please visit:

www.ovationscience.com for corporate information

www.InvibeMD.com or connect with Invibe MD on Facebook, Instagram and Twitter.

www.ArloCBDBeauty.com or connect with ARLO on Facebook, Instagram and Twitter.

About Ovation Science Inc.

Ovation Science Inc. is a research and development company that develops topical and transdermal cannabis and hemp formulations, as well as other consumer goods including DermSafe, made with patented Invisicare® skin delivery technology. The technology enhances the delivery of cannabinoids such as cannabidiol (CBD) and tetrahydrocannabinol (THC) to and through the skin and is protected by patents in eleven countries. With over twenty years of topical and transdermal drug delivery experience in the pharmaceutical market, Ovation's management and science team have created a unique pipeline of over twenty-five patent-protected medical / wellness topical and transdermal cannabis products incorporating CBD, THC and combination products along with a line of anti-aging / beauty products made with CBD. Ovation's business model is to develop and market its two product lines ARLO CBD Beauty and Invibe MD, our health and wellness line, as well as continuing to out-license it's topical and transdermal formulations to cannabis companies globally. Ovation formulated CBD and THC products are marketed in Nevada in state-approved dispensaries by its US licensee with additional states being added. Ovation earns revenues from licensing and development fees, royalties, the sale of Invisicare to its licensees and now revenue from its own pharmaceutical product sales. Ovation has offices in Vancouver, BC Canada and Las Vegas, Nevada, USA. Ovation trades on the CSE under the symbol OVAT. Visit our website www.ovationscience.com.

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Ovation Science Inc. cautions that all forward-looking statements are inherently uncertain and that actual results may be affected by a number of material factors, many of which are beyond Ovation Science Inc.'s control.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

CONTACT:

FOR INVESTOR RELATIONS:

Doug Kerr:
ir@ovationscience.com
Phone 604.315.4400

FOR BUSINESS DEVELOPMENT & CORPORATE INQUIRIES:

Doreen McMorran:
doreen@ovationscience.com
Phone: 604.283.0903 ext. 4

SOURCE: Ovation Science Inc.

ReleaseID: 578116

TOCCOA, GA / ACCESSWIRE / February 27, 2020 / Galaxy Next Generation, Inc. (OTCQB:GAXY) ("Galaxy" or the "Company), a provider of interactive learning technology solutions, today announced that it received an additional purchase order of approximately $100,000 from Stephens County Schools, Georgia.

The original contract was awarded to Galaxy in April 2019 and this repeat purchase order demonstates their continuing relationship and outstanding product solutions and service by Galaxy.

Stephens County Schools is a public school district serving the communities of Avalon, Martin and Toccoa, GA. It has 4,087 students in grades PK, K-12 across four elementary schools, one middle school, and one high school.

Gary LeCroy, Galaxy's Chief Executive Officer, commented, "We are excited about the continued relationship we have with our local district and look forward to many more opportunities to come."

About Galaxy Next Generation, Inc.

Galaxy Next Generation (OTCQB:GAXY) is a provider of interactive learning technology solutions that allows the presenter and participant to engage in a fully collaborative instructional environment. Galaxy's products include Galaxy's own private-label interactive touch screen panel as well as numerous other national and international branded peripheral and communication devices. Galaxy's distribution channel consists of 22+ resellers across the U.S. who primarily sell the Company's products within the commercial and educational market. Galaxy does not control where resellers focus their resell efforts, although generally, the K-12 education market is the largest customer base for Galaxy products – comprising nearly 90% of Galaxy's sales.

For additional information, please visit our website at: www.galaxynext.us

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Investors Contact:

IR@GalaxyNext.us 
p 888-859-1274

SOURCE: Galaxy Next Generation, Inc.

ReleaseID: 578098

Sustainability and Environmentally Friendly Are Guiding Principles Behind the Company's Advanced Extraction and Battery Recycling Technology

INCLINE VILLAGE, NV / ACCESSWIRE / February 27, 2020 / American Battery Metals Corporation (OTCQB:ABML) (the "Company"), an American-owned advanced extraction and battery recycling technology company with great mineral resources in Nevada, today addressed critical mineral resource projects and renewable energy, as discussed in the recent Democrat presidential primary debate held in Nevada on February 19, 2020.

During the debate, moderator John Ralston brought up the issue with Democrat contender Senator Elizabeth Warren. Ralston stated, "The tension here in this state (Nevada) is between people who want renewable energy and people who want conservation on public lands. You've got to have lithium, you've got to have copper for renewable energy. How do you do that?"

Warren responded, "If we need to make exceptions because there are specific minerals that we've got to have access to, then we locate those and we do it not in a way that just is about the profits of giant industries, but in a way that is sustainable for the environment."

Doug Nickle, Head of Business Development and Government Affairs for American Battery Metals Corporation, commented, "The United States must take a forward-thinking, measured approach as the country seeks to break its reliance on foreign sources of critical minerals. Smart, sustainable mining practices are not mutually exclusive to wise conservation policies. At American Battery Metals Corporation, we are committed to environmentally friendly resource production and extraction of the critical metals that are necessary to fuel the energy transition to electric vehicles. Sustainability guides us in everything we do."

The United States is contending with the economic and national security implications that necessitate the development of new domestic sources of the materials required for renewable energy systems. Nickle, continued, "American Battery Metals Corporation is not only advancing its primary source projects, but is also taking immediate steps to address the e-waste challenges and opportunities presented by end of life lithium-ion batteries from consumer electronics and electric vehicles. Recycling scrap and end of life lithium-ion batteries is simply "re-mining" of a known source of lithium, cobalt, nickel, and manganese. It's profitable, sustainable, and provides a solution to a growing e-waste challenge. Every element we recycle and redeploy from a lithium-ion battery is one less unit that needs to be acquired through primary source mining."

As the electric vehicle and energy storage markets grow, American Battery Metals Corporations continues to execute on its fully integrated, closed-loop supply chain strategy.

American Battery Metals Corporation

American Battery Metals Corporation (www.batterymetals.com) (OTCQB:ABML) is an American-owned, advanced extraction and battery recycling technology company based in Nevada. The company is focused on its lithium-ion battery recycling and resource production projects in Nevada, with the goal of becoming a substantial domestic supplier of battery metals to the rapidly growing electric vehicle and battery storage markets.

For more information, please visit: www.batterymetals.com

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, including those with respect to the expected project economics for Western Nevada Basin (Railroad Valley), including estimates of life of mine, average production, cash costs, AISC, initial CAPEX, sustaining CAPEX, pre-tax IRR, pre-tax NPV, net cash flows and recovery rates, the impact of self-mining versus contract mining, the timing to obtain necessary permits, the submission of the project for final investment approval and the timing of initial gold production after investment approval and full financing, metallurgy and processing expectations, the mineral resource estimate, expectations regarding the ability to expand the mineral resource through future drilling, ongoing work to be conducted at the Western Nevada Basin (Railroad Valley), and the potential results of such efforts, the potential commissioning of a Pre-Feasibility study and the effects on timing of the project, are "forward-looking statements." Although the Company's management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company's future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, interpretations or reinterpretations of geologic information, unfavorable exploration results, inability to obtain permits required for future exploration, development or production, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices, final investment approval and the ability to obtain necessary financing on acceptable terms or at all. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended September 30, 2019. The Company assumes no obligation to update any of the information contained or referenced in this press release.

Contact Information

p775-473-4744
info@batterymetals.com

SOURCE: American Battery Metals Corporation 

ReleaseID: 578135

VANCOUVER, BC / ACCESSWIRE / February 27, 2020 / Perk Labs Inc. (CSE:PERK / OTCQB:GLNNF / FKT:GJT) ("Perk" or the "Company") the parent company of Perk Hero, the all-in-one mobile ordering, payments and loyalty app, announced today that the Company is closer to launching its innovative customer loyalty and payment platform. Now, just one step away from the official launch, the company has selected approximately 50 beta testers and will provide them with the opportunity to explore the main features of the platform in beta mode at live locations, including one non-restaurant venue.

The goal of this closed beta testing is to achieve the highest quality standards once Perk Hero is officially launched next month.

Perk Labs successfully rebranded to Perk Hero from Glance Pay earlier this month, unveiling a new website and will be gradually transitioning Glance Pay customers over to the new platform. The new brand is rolling out key features of its new and improved mobile payment and loyalty infrastructure under the new brand, in line with the Company's stated road map.

"We are pleased to announce that existing Glance Pay customers as well as new beta testers are showing a keen interest in beta testing of our new platform," said Perk Labs' CEO Jonathan Hoyles. "It is already proving to be well-received and feedback has been positive."

"Since our customer loyalty platform has a dual sided value proposition that targets both merchants and users, we strategically selected testers that represent our target markets. Our beta end users include university students in the 18 to 25 year old demographic and our beta merchants operate in retail environments that resemble what Perk Hero will face when customers start using it at launch."

Beta testers will test all available features and report bugs, such as interface issues, problems with order execution, data issues, and anything else that, in the tester's view, needs improvement or change.

"We decided on closed beta tests because they are easier to manage and the quality of feedback tends to be better," explained Hoyles. "We are closely monitoring the feedback that we receive from our beta test and updating our platform in real time. We are now at a stage where we are putting the final polish and finishing touches on our user experience."

As Perk Hero gets closer to commercial launch, we are also preparing to activate new social media channels. As part of our go-to-market plan, we intend to use all social media platforms and different types of media including short-form mobile videos and augmented reality, which our target users enjoy interacting with.

The Company expects to soon provide a further update on the details of its new symbol and trading dates on the OTCQB and FKT.

The Company's new websites are available at www.perklabs.io and www.perkhero.com and stakeholders can read about the Company's strategy and ongoing advancements in technology on the company blog, which can be viewed at https://medium.com/@perk_labs.

About Perk Labs Inc.

Perk Labs Inc. is the owner of Perk Hero, a digital loyalty management platform that enables merchants to provide their customers with digital rewards and a more engaging and convenient customer experience. For more information about Perk Labs, please visit www.perklabs.io

For more information, contact:

Jonathan Hoyles
CEO
(833) 338-0299
investors@perklabs.io

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

Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "may", "believe", "thinks", "expect", "exploring", "expand", "could", "anticipate", "intend", "estimate", "plan", "pursue", "potentially", "projected", "should", "will" and similar expressions, or are those, which, by their nature, refer to future events. These forward-looking statements, which involve risks and uncertainties, relate to, among other things, the discussion of the Company's business strategies and its expectations concerning future operations and the commercial launch date of Perk Hero. Although the Company considers these forward-looking statements to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking statements. Undue reliance should not be placed on such forward-looking information, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur.

SOURCE: Perk Labs Inc.

ReleaseID: 578143

WEST MELBOURNE, FL / ACCESSWIRE / February 27, 2020 / BK Technologies Corporation (NYSE American:BKTI), a holding company with an operating subsidiary that designs, manufactures and markets two-way radio communications equipment, will host an investor conference call to discuss its operating results for the fourth quarter and twelve months ended December 31, 2019 on Thursday March 5, 2020 at 9:00 a.m., EDT. On the call will be Timothy Vitou, President, and William Kelly, Executive Vice President and Chief Financial Officer.

The Company plans to release its financial and operating results for the fourth quarter and twelve months ended December 31, 2019 after the close of stock market trading on Wednesday, March 4, 2020.

Shareholders and interested parties may participate in the conference call by dialing 844-602-0380 (international and local participants dial 862-298-0970) and asking to be connected to the "BK Technologies Corporation Conference Call". The call will also be webcast at www.bktechnologies.com. Please allow extra time prior to the call to visit the site. An online archive of the webcast will be available on the Company's web site for thirty (30) days following the call at www.bktechnologies.com. A replay of the conference call will be available one hour after completion of the call until March 15, 2020 by dialing 877-481-4010 #58804 (international/local participants dial 919-882-2331 #58804).

About BK Technologies

BK Technologies Corporation is an American holding company deeply rooted in the public safety communications industry, with its operating subsidiary manufacturing high-specification communications equipment of unsurpassed reliability and value for use by public safety professionals and government agencies. BK Technologies is honored to serve our public safety heroes with reliable equipment when every moment counts. The Company's common stock trades on the NYSE American market under the symbol "BKTI". Maintaining its headquarters in West Melbourne, Florida, BK Technologies can be contacted through its web site at www.bktechnologies.com or directly at 1-800-821-2900.

Company Contact:

BK Technologies, Corp.
William P. Kelly, EVP & CFO
(321) 984-1414

SOURCE: BK Technologies Corporation

ReleaseID: 577551

IRVINE, CA / ACCESSWIRE / February 27, 2020 / Netlist, Inc. (OTCQX:NLST) announced today that it will report its financial results for the fourth quarter and full year ended December 28, 2019, before 9:30 a.m. Eastern Time on Thursday March 5, 2020

Netlist will host a conference call at 12:00 p.m. Eastern Time on March 5, 2020. Netlist encourages participants to pre-register for the conference call. Callers who pre-register will be given a unique PIN to gain immediate access to the call and bypass the live operator. To pre-register, go to: http://dpregister.com/10139155.

For those who would like to join the call but have not pre-registered, they can do so by dialing +1 (412) 317-5443 and requesting the "Netlist Conference Call."

A live webcast and archived replay of the call can be accessed in the Investor's section of Netlist's website at www.netlist.com.

About Netlist

Netlist provides high-performance SSDs and modular memory subsystems to enterprise customers in diverse industries. HybriDIMM™, Netlist's next-generation storage class memory product, addresses the growing need for real-time analytics in Big Data applications, in-memory databases, high-performance computing and advanced data storage solutions. Netlist also manufactures and provides a line of specialty and legacy memory products to storage customers, appliance customers, system builders and cloud and datacenter customers. Netlist holds a portfolio of patents, many seminal, in the areas of hybrid memory, storage class memory, rank multiplication and load reduction. To learn more, visit www.netlist.com.

For more information, please contact:

The Plunkett Group
Mike Smargiassi/Sharon Oh
NLST@theplunkettgroup.com
(212) 739-6729

SOURCE: Netlist, Inc. via EQS Newswire

ReleaseID: 578001