News Article | April 18, 2017
FILADELFIA--(BUSINESS WIRE)--Axalta Coating Systems (NYSE:AXTA), leader globale nei rivestimenti liquidi e in polvere, ha oggi annunciato la sigla di un accordo definitivo con The Valspar Corporation (NYSE:VAL) e con The Sherwin-Williams Company (NYSE:SHW) relativo all'acquisizione delle attività della divisione North American Industrial Wood Coatings di Valspar, per un controvalore di 420 milioni di dollari in contanti. Valspar sta effettuando la cessione dell'attività nell'ambito delle valutazioni da parte della Federal Trade Commission (FTC) e del Canadian Competition Bureau (CCB) relativamente alla proposta di acquisto di Valspar avanzata da Sherwin-Williams. Nel 2016 l'attività ha generato un fatturato di circa 225 milioni di dollari ed è tra i leader nordamericani nella fornitura di rifiniture per i segmenti OEM e Industrial Wood post-vendita, inclusi prodotti per l'edilizia e per armadi, pavimenti e arredi.
News Article | April 18, 2017
News Article | April 26, 2017
Kiu Hung International Holdings Limited ("Kiu Hung International" or the "Group"; stock code: 381) plans to develop robotic technology business in the hotel industry together with Shanghai Liming Intelligent Technology Limited ("Shanghai Liming"). Today, the 2014 Nobel Laureate physicist, Professor Shuji Nakamura, was invited to the conference named "First Launch Front-desk Robot in China", hosted by Shanghai Liming and title-sponsored by the Group to share his views on the trend and potential of the intelligent hotel technology business. With labor cost of hotel operations increasing, there is a pressing need for the development of intelligent hotel technology that is cost effective, highly efficient and can assure the high quality of hotel services. At the event, Professor Shuji Nakamura said, combination of AI, robots and human abilities will be a future trend. AI can be widely applied in Hotel Robots, with LED Li-Fi and Laser Li-Fi as infrastructure guaranteeing high performance and responsiveness of the robot. Another application could be the Li-Fi-enabled Indoor Positioning System for accessing location information in large facilities such as hotels via communication with LED or Laser lighting by the robot. And, there is the laser scanning technology Light Detection and Ranging (LIDAR) that can be used to spot obstacles. As such, for years, Shanghai Liming has worked with Shanghai University and, under the guidance of well-known scientists and the winner of the 2014 Nobel Prize in Physics Profession Shuji Nakamura, has developed for the hotel industry a host of customized products and services based on cutting-edge international technology from countries like the US and Japan. Currently, Shanghai Liming is in strategic cooperation with many hotel groups in mainland China including Huazhu Hotel Group Ltd, Home Inns Hotel group, Greentree Inns Hotel Group, Shanghai Jin Jiang International Hotels (Group) Company Limited, Shanghai Hengshan (Group) Corp. and Shanghai Donghu (Group) Co. Seeing attractive prospects for business in robotic technology in the hotel industry, Kiu Hung International signed a Memorandum of Understanding with Shanghai Liming on 13 March 2017 showing its intention to acquire equity interests in Shanghai Liming and the related due diligence check is underway. Mr. Hui Kee Fung, Chairman of Kiu Hung International, said, "We are very pleased to be the title sponsor of the event and to have Professor Nakamura sharing his views on the prospects of hotel robotic technology with us. The development of and innovation in Artificial Intelligence will revolutionize industries and, seizing the trend, Shanghai Liming has combined technology with the hotel industry in China, creating for the industry innovative intelligent products and for itself the capability to capture the enormous opportunities that the rapidly developing Artificial Intelligence and Big Data sectors present." Currently, the core product developed by Shanghai Liming is a front-desk robot for hotels. The company has also started R&D work on robots for delivery and security tasks and related systems. Hotel guests can talk to the intelligent robot supported by an intelligent technology platform, and show the robot their identity documents and payment means to quickly check in or out of the hotel. The platform can substantially reduce manpower requirement of a hotel as well as enable modern intelligent management of hotel operations, helping to enhance customer satisfaction and service quality, as well as reduce management costs and improve management standards. The system also takes phone calls from guests with housekeeping requests such as changing pillows. On receiving the request, the robot will convert the request content via the backend system into an order and relate the order to the relevant staff for action. The service request content and related action status are consolidated and tracked on an integrated information control platform. These hotel front desk intelligent robots are to be tested at Hanting Hotel, Home Inns and Green Tree Inns in early May and the formal launch is scheduled for autumn this year. About Kiu Hung International Holdings Limited (stock code: 381) Kiu Hung International Holdings Limited was founded in 1991 and listed on the Main Board of the Hong Kong Stock Exchange (stock code: 381) in 2001. It is today an integrated investment company with a diverse business portfolio. In March this year, to facilitate its foray into the high-tech sector, the Group announced its plan to acquire equity interests in Shanghai Liming Intelligent Technology Limited. It intends to be actively involved in robotic technology in the hotel industry, robot-facilitated hotel operations and intelligent security, as well as R&D and operation of interactive Big Data platform. The Group aspires to capture the immense opportunities presented by the rapidly developing Artificial Intelligence and Big Data sectors. For press enquiries: Strategic Financial Relations Limited Mandy Go Tel: (852) 2864 4812 Email: Angelus Lau Tel: (852) 2864 4805 Email: www.sprg.com.hk (From left to right) Ms. Blanche Bai, Deputy Managing Director of CCB International Asset Management Limited; Professor Nakamura Shuji, Nobel laureate in Physics 2014; Mr. Hui Kee Fung, Chairman of Kiu Hung International Holdings Limited; Mr. Yu Won Kong, Dennis, Chief Executive Officer of Kiu Hung International Holdings Limited; Mr. Chai Guoqiang, Chairman of Shanghai Liming Intelligent Technology Limited; Mr. Sun Jian, Chief Executive Officer of Shanghai Home Inn Management Co., Ltd. Professor Nakamura Shuji, 2014 Nobel Laureate in Physics, shares his views on the trend and potential of the robotic technology business in the hotel industry at the conference named "First Launch Front-desk Robot in China" title-sponsored by Kiu Hung International and organized by Shanghai Liming. Samoa Government Delegates Visit Kiu Hung International To Further Strengthen the Strategic Partnership
News Article | May 4, 2017
Dynegy Inc. (NYSE: DYN) reported net income of $597 million for the first quarter of 2017, compared to a net loss of $10 million for the first quarter of 2016. The quarter-over-quarter increase is mainly due to a $483 million gain from the cancellation of debt resulting from the Genco restructuring and a $313 million tax benefit primarily resulting from the partial release of a deferred tax valuation allowance as a result of the ENGIE acquisition. These benefits were offset by a $194 million decrease in operating income due to reduced spark spreads from mild winter weather, lower gains on our hedging transactions and incremental acquisition and integration costs as a result of the ENGIE acquisition. The Company reported consolidated Adjusted EBITDA of $230 million for the 2017 first quarter compared to $251 million for the 2016 first quarter. While the assets acquired from ENGIE during the first quarter of 2017 contributed $15 million in Adjusted EBITDA, consolidated results declined as a result of lower capacity revenues and energy margin, net of hedges, at the PJM and NY/NE segments as mild winter weather and increased gas costs lowered energy margin compared to the first quarter of 2016. “Protection provided by our hedging program and our growth in retail contracting has enabled us to remain on track financially despite the lack of weather and a persistently low commodity price environment,” said Robert Flexon, Dynegy President and Chief Executive Officer. “Additionally, we made significant progress during the quarter on our multiple delevering strategies which consist of various asset sales, cash generated by our portfolio including the newly acquired ENGIE fleet and other portfolio optimization efforts.” PJM - Operating income for the 2017 first quarter totaled $86 million, compared to $177 million for the same period of 2016, as non-cash mark-to-market losses on derivatives, a non-cash impairment related to the Killen facility, lower capacity revenues and lower energy margin, net of hedges pressured results. Adjusted EBITDA totaled $191 million during the 2017 first quarter compared to $209 million during the same period in 2016 as lower energy margins, net of hedges, together with lower capacity revenues more than offset contributions from the new assets acquired from ENGIE. NY/NE - Operating loss for the 2017 first quarter totaled $41 million, compared to $2 million for the same period in 2016, primarily due to non-cash mark-to-market losses on derivatives. Adjusted EBITDA totaled $42 million during the 2017 first quarter, compared to $53 million during the same period in 2016 as lower energy margins, net of hedges, and lower capacity revenues more than offset contributions from the new assets acquired from ENGIE. ERCOT - Operating loss for the 2017 first quarter totaled $28 million, while Adjusted EBITDA was a loss of $9 million for the same period. Results for the quarter include $4 million in operations support overhead allocation and reflect the impact of five unit outages in February and March without the benefit of ownership in January. MISO/IPH - Operating income for the 2017 first quarter totaled $35 million, compared to $27 million for the same period in 2016, as higher capacity revenues and lower O&M costs more than offset non-cash mark-to-market losses on derivatives and lower energy margin, net of hedges. Adjusted EBITDA totaled $41 million during the 2017 first quarter compared to $20 million during the same period in 2016 as the capacity revenue and O&M benefits noted above more than offset lower energy margin, net of hedges. CAISO - Operating loss for the 2017 first quarter totaled $14 million, unchanged from the same period in 2016. Adjusted EBITDA loss totaled $3 million during the 2017 first quarter compared to breakeven during the same period in 2016 due to lower energy margin, net of hedges. As of March 31, 2017, Dynegy’s total available liquidity was $1.4 billion as reflected in the table below. Cash provided by operations totaled $149 million for the first quarter 2017. During the period, our power generation facilities and retail operations provided cash of $261 million. Corporate activities, primarily related to general and administrative, interest and acquisition-related expenses, as well as other working capital changes used cash of $112 million during the period. Cash used in investing activities totaled $3.3 billion during the first quarter 2017 as Dynegy used $3,263 million at the closing of the ENGIE acquisition and invested $31 million in capital expenditures. Cash used in financing activities totaled $228 million for the first quarter 2017. Cash uses include (i) $375 million paid for the Energy Capital Partners Buyout, (ii) $119 million of payments related to the termination of the Genco senior notes (iii) $99 million in financing costs related to our debt issuances, (iv) $75 million for debt reduction related to Dynegy’s equipment financing agreements and tangible equity units (TEUs), (v) $5 million in dividend payments on our preferred stock and (vi) $4 million in interest rate swap settlement payments. Partially offsetting these cash outflows were (i) $300 million in cash proceeds from a revolver draw and (ii) $150 million in cash proceeds from the issuance of Dynegy Inc. common stock to ECP at the closing of the ENGIE acquisition. Dynegy’s full-year 2017 Adjusted EBITDA guidance range remains unchanged at $1,200-1,400 million. The Company’s Adjusted free cash flow range is being increased by $150 million, to $300 million to $500 million, primarily as a result of deferring and changing the scope of previously scheduled maintenance capital expenditures. As previously disclosed, Dynegy has continued to evaluate the timing of ELG-related projects and related expenditures and has determined that, based on existing rules, most of the projects originally scheduled for 2017 and 2018 will be delayed for approximately two years. As a result, approximately $40 million in ELG-related capital expenditures originally expected in 2017 have been rescheduled to 2019 and approximately $140 million in 2018 spend has been rescheduled to 2020. Additionally, the Company recently restructured the first tranche of an existing PJM capacity monetization to defer settlement of the obligation from planning year 2017-2018 to planning year 2019-2020. As a result, $64 million in payments originally scheduled for 2017 have been deferred to 2019, and $45 million in payments originally scheduled for 2018 have been deferred to 2020. The funds previously allocated to these items have been reallocated to debt reduction. Dynegy’s retail business has grown to become one of the top five residential suppliers in Ohio and is committed to expanding its presence in the state. Recently, the retail business finalized its largest aggregation contract, a three-year municipal agreement to supply electricity to the residents of the City of Cincinnati. Dynegy currently has a successful integrated wholesale and retail platform in Ohio and Illinois and is actively pursuing broadening it to other locations where the Company has generation. Total safety performance in the first quarter of 2017 improved by nearly 50% as compared to 2016. Dynegy’s gas facilities continued to perform in the top decile, while coal-fueled units improved significantly due to focus on rigorous safety initiatives. Dynegy’s transformation to a largely gas-fueled portfolio of assets has significantly improved the Company’s environmental footprint. Between 2014 and 2017, sulfur dioxide (SO ), greenhouse gases (GHG) and nitrogen oxides (NOx) emissions intensities (lb/MWh) will have declined by 48%, 25% and 17% respectively. (1) In addition, the Company is well on its way to realizing its stated goal of recycling 100% of coal combustion byproduct (CCB) for beneficial reuse by 2020, with Dynegy reusing more than 70% of CCB last year and on track to achieve 80% by the end of 2017. Applications include serving as a substitute for cement in concrete and as a replacement for gypsum in wallboard. This lessens landfill needs and directly offsets CO generated by manufacturing these products. It not only makes good environmental sense, it makes good financial sense by eliminating a cost stream and turning it into a revenue stream. (1) 2017 emissions are based on expected asset ownership and forecasted production. On February 23, Dynegy signed an agreement with LS Power to sell Armstrong and Troy, two PJM peaking units totaling 1,269 MW, for $480 million ($378/kW). On April 6, the United States Department of Justice and Federal Trade Commission granted early termination of the Hart-Scott-Rodino Act waiting period. The transaction close is pending Federal Energy Regulatory Commission (FERC) approval. Dynegy is engaged in the second round of its auction process for assets the Company intends to sell to meet FERC’s market mitigation requirements associated with the ENGIE acquisition approval. Dynegy and its joint operating partners, AEP and AES, have formally agreed to shut down the Stuart and Killen coal-fueled facilities totaling approximately 3,000 MW by mid-2018. Current ownership interests will be retained through the shutdown date, and the Company’s portion of previously cleared capacity from Stuart and Killen will be transferred to other Dynegy plants. On April 24, Dynegy agreed to purchase AES’ 28.1% ownership interest in Zimmer and 36% in Miami Fort stations, totaling approximately 740 MW of generating capacity, for $50 million, subject to certain adjustments. As previously disclosed, Dynegy will also acquire AEP’s ownership interest in Zimmer and sell its ownership interest in Conesville to AEP. No consideration will be exchanged between AEP and Dynegy, however AEP will return a previously issued letter of credit totaling $58 million to Dynegy. Upon closing, the Company will fully own and operate Miami Fort and Zimmer with no additional debt incurred and no material impact to liquidity. Dynegy’s PRIDE Energized (Producing Results through Innovation by Dynegy Employees) program is on track to meet its 2017 target of $65 million in EBITDA by the end of the fourth quarter and already exceeded its three-year balance sheet goal of $400 million in 2016 with $422 million in improvements. Dynegy has identified over $75 million in additional balance sheet improvements for 2017 to further exceed the three-year target. To date, Dynegy has secured $95 million of the $120 million ENGIE synergies target and remains on track to achieve 90% of the targeted ENGIE synergies by year end. Dynegy’s earnings presentation and management comments on the earnings presentation will be available on the “Investor Relations” section of www.dynegy.com later today. The Company will answer questions about its 2017 first quarter financial results during an investor conference call and webcast tomorrow, May 5, 2017 at 9 a.m. ET/8 a.m. CT. Participants may access the webcast from the Company’s website. At Dynegy, we generate more than just power for our customers. We are committed to being a leader in the electricity sector. Throughout the Northeast, Mid-Atlantic, Midwest and Texas, Dynegy operates power generating facilities capable of producing more than 31,000 megawatts of electricity—or enough energy to power about 25 million American homes. We’re proud of what we do, but it’s about much more than just output. We’re always striving to generate power safely and responsibly for our wholesale and retail electricity customers who depend on that energy to grow and thrive. This news release contains statements reflecting assumptions, expectations, projections, intentions or beliefs about future events that are intended as “forward-looking statements,” particularly those statements concerning Dynegy’s beliefs and expectations regarding sale of Dynegy’s PJM peaking units, the sale process to satisfy the FERC market mitigation requirements, anticipated asset retirements, and ownership consolidation of Zimmer and Miami Fort units; execution of its PRIDE Energized target in balance sheet and operating improvements; the execution and timing of debt repayments and various delevering strategies; broadening the retail platform; achievement of Dynegy’s CCB goals; anticipated earnings and cash flows and Dynegy’s 2017 Adjusted EBITDA and Adjusted Free Cash Flow guidance. Historically, Dynegy’s performance has deviated, in some cases materially, from its cash flow and earnings guidance. Discussion of risks and uncertainties that could cause actual results to differ materially from current projections, forecasts, estimates and expectations of Dynegy is contained in Dynegy’s filings with the Securities and Exchange Commission (the SEC). Specifically, Dynegy makes reference to, and incorporates herein by reference, the section entitled “Risk Factors” in its 2016 Form 10-K and subsequent Form 10-Qs. In addition to the risks and uncertainties set forth in Dynegy’s SEC filings, the forward-looking statements described in this press release could be affected by, among other things, (i) beliefs and assumptions about weather and general economic conditions;(ii) beliefs, assumptions, and projections regarding the demand for power, generation volumes, and commodity pricing, including natural gas prices and the timing of a recovery in power market prices, if any; (iii) beliefs and assumptions about market competition, generation capacity, and regional supply and demand characteristics of the wholesale and retail power markets, including the anticipation of plant retirements and higher market pricing over the longer term; (iv) sufficiency of, access to, and costs associated with coal, fuel oil, and natural gas inventories and transportation thereof; (v) the effects of, or changes to the power and capacity procurement processes in the markets in which we operate; (vi) expectations regarding, or impacts of, environmental matters, including costs of compliance, availability and adequacy of emission credits, and the impact of ongoing proceedings and potential regulations or changes to current regulations, including those relating to climate change, air emissions, cooling water intake structures, coal combustion byproducts, and other laws and regulations that we are, or could become, subject to, which could increase our costs, result in an impairment of our assets, cause us to limit or terminate the operation of certain of our facilities, or otherwise have a negative financial effect; (vii) beliefs about the outcome of legal, administrative, legislative, and regulatory matters, including any impacts from the change in administration to these matters; (viii) projected operating or financial results, including anticipated cash flows from operations, revenues, and profitability; (ix) our focus on safety and our ability to operate our assets efficiently so as to capture revenue generating opportunities and operating margins; (x) our ability to mitigate forced outage risk, including managing risk associated with CP in PJM and performance incentives in ISO-NE; (xi) our ability to optimize our assets through targeted investment in cost effective technology enhancements; (xii) the effectiveness of our strategies to capture opportunities presented by changes in commodity prices and to manage our exposure to energy price volatility; (xiii) efforts to secure retail sales and the ability to grow the retail business; (xiv) efforts to identify opportunities to reduce congestion and improve busbar power prices; (xv) ability to mitigate impacts associated with expiring reliability must run “RMR” and/or capacity contracts; (xvi) expectations regarding our compliance with the Credit Agreement, including collateral demands, interest expense, any applicable financial ratios, and other payments; (xvii) expectations regarding performance standards and capital and maintenance expenditures; (xviii) the timing and anticipated benefits to be achieved through our Company-wide improvement programs, including our PRIDE initiative; (xix) expectations regarding strengthening the balance sheet, managing debt and improving Dynegy’s leverage profile; (xx) expectations, timing and benefits of the AES and AEP transactions; (xxi) efforts to divest assets and the associated timing of such divestitures, and anticipated use of proceeds from such divestitures; (xxii) anticipated timing, outcome and impact of expected retirements; (xxiii) beliefs about the costs and scope of the ongoing demolition and site remediation efforts; and (xxiv) expectations regarding the synergies and anticipated benefits of the ENGIE Acquisition. Any or all of Dynegy’s forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks, uncertainties, and other factors, many of which are beyond Dynegy’s control, including those set forth under Item 1A - Risk Factors of Dynegy’s Form 10-K. The following table reflects significant components of our weighted average shares outstanding used in the basic and diluted loss per share calculations for the three months ended March 31, 2017 and 2016: Entities with a net loss from continuing operations are prohibited from including potential common shares in the computation of diluted per share amounts. Accordingly, we have utilized the basic shares outstanding amount to calculate both basic and diluted loss per share for the three months ended March 31, 2016. The following table provides summary financial data regarding our PJM, NY/NE, ERCOT, MISO, IPH and CAISO segment results of operations for the three months ended March 31, 2017 and 2016, respectively. The following table provides summary financial data regarding our Adjusted EBITDA by segment for the three months ended March 31, 2017: The following table provides summary financial data regarding our Adjusted EBITDA by segment for the three months ended March 31, 2016: The following table provides summary financial data regarding our 2017 Adjusted EBITDA and Adjusted Free Cash Flow guidance: The 2017 guidance was prepared using reasonable efforts and based on currently available information assuming the following: (a) the Delta transaction closed on February 7, 2017, (b) all of the purchase price is allocated to property, plant and equipment, (c) property, plant and equipment is depreciated over an average useful life of 20 years, and (d) Genco restructuring completed on February 2, 2017. The following table provides summary financial data regarding our 2017 Adjusted EBITDA and Adjusted Free Cash Flow guidance, updated based on February 7, 2017 forward curves, as presented on February 23, 2017:
News Article | April 26, 2017
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 26, 2017) - Canada Carbon Inc. (the "Company") (TSX VENTURE:CCB) announces further to its news release dated April 13th, 2017 that it has closed the second tranche of its non-brokered private placement (the "Private Placement"). The press release generated additional interest in the private placement and as a result, the Company issued 3,430,000 non-flow-through units at $0.23 per units for gross proceeds of $788,900. Each unit consists of one common share and one warrant exercisable at $0.30 per share for three years. Finder's fees of $15,994 cash were paid in connection with the second tranche. In accordance with applicable securities legislation, all securities issued in the Private Placement are subject to a statutory hold period of four months and one day. The proceeds from the private placement will be used to advance the exploration of the Company's 100% owned Miller hydrothermal lump/vein graphite property and for general corporate purposes. "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." FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).
News Article | April 17, 2017
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 13, 2017) - Canada Carbon Inc. (the "Company") (TSX VENTURE:CCB) announces it has arranged a non-brokered private placement (the "Private Placement") for the issuance of 1,650,000 flow-through shares at $0.30 per share and 3,630,000 non-flow through units at $0.23 per unit. Each unit consists of one common share and one warrant exercisable at $0.30 per share for three years. The first tranche of the private placement, consisting of 1,650,000 flow-through shares and 2,500,000 non-flow-through units has closed for gross proceeds of $1,070,000. Finder's fees of 6% cash were paid to Secutor Capital Management Corporation in connection with the first tranche. The second tranche consisting of 1,130,000 non-flow-through units is scheduled to close on or about April 26th, 2017 for gross proceeds of $259,900. Finder's fees of 6% are payable on the second tranche. In accordance with applicable securities legislation, all securities issued in the Private Placement are subject to a statutory hold period of four months and one day. The proceeds from the private placement will be used to advance the Company's 100% owned Miller hydrothermal lump/vein graphite property and for general corporate purposes. "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." FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).
News Article | May 4, 2017
This new partnership further supports the online payment needs of PrestaShop’s expanding group of business owners, developers and web agencies by featuring CCBill’s no-cost payment by card or wallet module on the PrestaShop official Marketplace. PrestaShop will showcase the benefits of using CCBill as a plug-in payment solution to their international community of more than 265,000 ecommerce merchants, looking for a powerful payment system to enhance their PrestaShop stores. PrestaShop merchants considering CCBill for their payment services can get access to hundreds of powerful business automation and expansion tools and features, just by plugging the CCBill module into their online store. These merchants have dozens of service provider options to choose from to accept online payments on their websites. With CCBill they will find a payment-as-a-service platform that is built to take care of online buyers by offering 24x7x365 support and innovative omni-present solutions like FlexForms, a dynamic checkout system, which features CCBill Pay, a simple ’log in and pay’ consumer stored payment service. “New business models and projects are launching every day using PrestaShop, and the addition of CCBill to our modules adds a distinctive solution for a variety of new business models, in both high-risk and low-risk processing, from storefronts to digital services,” said Kenneth Cruz, General Manager at PrestaShop USA. “As an Official Partner with PrestaShop, CCBill delivers forward thinking checkout solutions on a global scale for one-time and subscription processing, plus adds a level of convenience for mobile buyers with their new CCBill Pay.” The PrestaShop Official Marketplace is built to power online merchants with world-class ecommerce software to open and grow their business quickly and successfully. With rapid deployment of innovative, third-party modules, PrestaShop minimizes the integration process for these merchants down to a few easy steps. It is extremely easy for businesses currently using PrestaShop to activate the CCBill payment system into their checkout process. In addition, by plugging CCBill into their PrestaShop store, merchants gain an extensive platform of high performance, secure and customizable solutions to help drive high conversion rates and buyer satisfaction. Combined with PrestaShop’s premiere online shopping cart solution, merchants can count on transforming their e-store into a buyer friendly online property that drives more sales and better profitability. “At CCBill, we are known for going the extra mile to nurture and help accelerate the growth of our retailers’ online businesses. We are extremely proud to partner with PrestaShop, as they are such a strong leader in the e-commerce space. Working within the PrestaShop Community, CCBill looks forward to delivering the best payment experience for PrestaShop store owners and partners around the world,” said Chris Pike, Channel Manager, CCBill. About PrestaShop: PrestaShop was founded in 2007 with a mission to provide world-class ecommerce software through open source innovation. Today more than 250,000 ecommerce stores in 195 countries run on PrestaShop technology. The company provides software that enables users to have an online store at the lowest cost possible. PrestaShop is on the 2016 Inc. 5000 list of fastest-growing private companies in Europe. The company also received the CMS Critic Award for Best eCommerce Solution for the Enterprise. PrestaShop has offices in Europe and the US, and is funded by Serena Capital, XAnge Private Equity and Seventure Partners. For more information, please visit http://www.prestashop.com About CCBill: Much more than a payment processor, CCBill is a payment services platform which provides expert support and empowerment to your expanding relationships. Whether it is through checkout automation, distinctive traffic tools, or our broad set of integrated software options, CCBill understands online business like few others and has been offering industry-leading solutions since 1998. Processing for more than 30,000 websites worldwide, CCBill has the reliable problem-solving techniques, phenomenal consumer support, and innovative solutions to support all the markets it serves. CCBill understands the credit card and payment industries, and its platform is built to expand your business transactions online, while exceeding PCI and compliance standards. Visit us at http://www.ccbill.com.
News Article | February 22, 2017
Cracow, 22 February 2017 The world around us is mainly constructed of baryons, particles composed of three quarks. Why are there no antibaryons, since just after the Big Bang, matter and antimatter came into being in exactly the same amounts? A lot points to the fact that after many decades of research, physicists are closer to the answer to this question. In the Large Hadron Collider beauty (LHCb) experiment the first trace of the differences between baryons and antibaryons has just been encountered. In data collected during the first phase of operation of the Large Hadron Collider the LHCb collaboration team has discovered an interesting asymmetry. The most recent analysis of decays of the beauty baryon Lambda b, a particle six times more massive than a proton, suggests that it decays a little differently than its antimatter counterpart. If this result is confirmed, it will be possible to talk about having observed the first difference between antibaryons and baryons, i.e. the family of particles which to a greater degree make up our everyday world. Certain differences between matter and antimatter have already been observed previously. In 1964, it was noticed that kaons - that is, K mesons, particles made up of a strange quark and an up or down antiquark - sometimes decay somewhat differently than antikaons (the Nobel Prize was awarded for this discovery in 1980). In turn, in recent years there have been reports of the discovery of slightly clearer differences in the decays of antimesons and B mesons of various types (the B meson consists of a beauty quark and an up, down, strange or charm quark). Mesons are quark-antiquark pairs with short lifetimes, appearing today in the Universe in small quantities, and on Earth, produced mainly in high-energy collisions in particle accelerators. Meanwhile the matter of which the macroscopic structures of our world are composed is made up of leptons (these include electrons) and to a greater degree baryons - clusters of three quarks (the proton is a baryon containing two up quarks and one down, as is the neutron which is composed of two down quarks and one up). The most recent analysis of data from the LHCb collaboration, published in the journal Nature Physics and concerning the decays of Lambda b particles composed of down, up and beauty quarks, is thus the first indication of the possible differences between baryonic matter and its antimatter reflection. "We cannot yet talk about a discovery. Nevertheless, we are dealing with something that seems to be an increasingly promising observational clue, taken from the data from the first stage of operation of the LHC accelerator. We will, however, have to wait for the final confirmation - or denial... - of the current result another dozen or so months until the official end of the analysis of data from the second run," stresses Prof. Marcin Kucharczyk from the Institute of Nuclear Physics of the Polish Academy of Sciences (IFJ PAN) in Cracow, one of the participants of the LHCb collaboration. Modern particle physics and cosmological models suggest that antimatter came into being in exactly the same amounts as matter. This fact is linked with spectacular consequences: When a particle encounters its antiparticle, there is a great likelihood of mutual annihilation, i.e. a process in which both particles completely transform into energy. This mechanism is extremely efficient. The amount of energy generated by the annihilation of a kilogram of antimatter with a good approximation corresponds to the amount of energy that would be released as a result of burning the annual petrol production of all the refineries in Poland. If in the contemporary Universe there were planets, stars or galaxies made of antimatter, they should emit large amounts of radiation with very characteristic energies. This would arise due to the inevitable interactions with matter of the opposite type, leading to annihilation. Meanwhile, astronomers only observe annihilation radiation here and there and in residual amounts, well explained by physical phenomena which are also today responsible for the formation of small amounts of antimatter. Thus the fundamentally important question arises: since originally matter and antimatter filled the Universe in exactly equal amounts, why have they not completely disappeared? Why has a small portion of matter managed to survive the era of annihilation? In the living world great extinctions leading to the extinction of species last for tens and hundreds of thousands of years. Meanwhile, everything points to the fact that antimatter annihilated by matter disappeared from our universe fractions of a second after the Big Bang. For every few billion particles of matter just one particle survived the giant cataclysm. If a similar scale of destruction touched the human species, within seconds the Earth's population would be down to one live individual. The question of why only he survived would certainly be most apt. "In modern physics, it is assumed that the existence of matter should be due to some minor differences between the properties of particles and antiparticles. In equations, to convert a particle into an antiparticle, you have to change the sign of the corresponding quantum characteristics - in the case of electrons or the quarks making up protons or neutrons it is the electrical charge - and change the character of the spatial coordinates, i.e. form a mirror image. The combination of these two operations is called CP symmetry, that is, charge and parity symmetry. Thus, attempts to detect differences between matter and antimatter boil down to tracking events in which CP symmetry is not preserved," explains Prof. Kucharczyk. Looking for signs of CP violation, the LHCb collaboration researchers chose from a huge number of collisions and the products of their decays approx. 6,000 cases in which Lambda b particles decayed to a proton and three pi mesons (pions), and approx. 1,000 cases with a decay path leading to a proton, a pion and two kaons. Detailed analysis revealed that the angles at which the products of decays diverge are sometimes somewhat different for Lambda b baryons than for their antimatter partners. The result is confirmed with a statistical significance of 3.3 standard deviations (sigma), which corresponds to a probability of approx. 99% that it is not a random fluctuation. In particle physics it is assumed, however, that one can talk of a discovery only with a statistical significance of over 5 sigma, that is, when the probability of a random fluctuation is less than one to more than three million. The Henryk Niewodniczanski Institute of Nuclear Physics (IFJ PAN) is currently the largest research institute of the Polish Academy of Sciences. The broad range of studies and activities of IFJ PAN includes basic and applied research, ranging from particle physics and astrophysics, through hadron physics, high-, medium-, and low-energy nuclear physics, condensed matter physics (including materials engineering), to various applications of methods of nuclear physics in interdisciplinary research, covering medical physics, dosimetry, radiation and environmental biology, environmental protection, and other related disciplines. The average yearly yield of the IFJ PAN encompasses more than 500 scientific papers in the Journal Citation Reports published by the Thomson Reuters. The part of the Institute is the Cyclotron Centre Bronowice (CCB) which is an infrastructure, unique in Central Europe, to serve as a clinical and research centre in the area of medical and nuclear physics. IFJ PAN is a member of the Marian Smoluchowski Krakow Research Consortium: "Matter-Energy-Future" which possesses the status of a Leading National Research Centre (KNOW) in physics for the years 2012-2017. The Institute is of A+ Category (leading level in Poland) in the field of sciences and engineering. Prof. Marcin Kucharczyk The Institute of Nuclear Physics of the Polish Academy of Sciences tel. +48 12 6628050 email: firstname.lastname@example.org http://www. The website of the Institute of Nuclear Physics of the Polish Academy of Sciences. http://press. Press releases of the Institute of Nuclear Physics of the Polish Academy of Sciences. IFJ170222b_fot01s.jpg HR: http://press. The first trace of differences between matter and "common", baryonic antimatter has just been encountered in decays of the beauty baryon Lambda b. Pictured above: LHCb Collaboration in front of LHCb detector. (Source: CERN, The LHCb Collaboration)
News Article | February 15, 2017
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 13, 2017) - Canada Carbon Inc. (the "Company") (TSX VENTURE:CCB)(FRANKFURT:U7N1) is pleased to report that it has commenced broad public consultations in Grenville-sur-la-Rouge ("GSLR"), Québec with respect to its plans to develop its flagship 100% owned Miller Graphite and Marble Project located 80 kilometres ("km") west of Montréal. In response to questions raised by residents, GSLR Municipal Council announced on Friday, February 10th 2017, that it plans to reconsider its decision to support Canada Carbon's application submitted to the Commission de Protection du Territoire Agricole du Québec ("CPTAQ") to designate the Project site as land approved for non-agricultural uses. Municipal Council has arranged public consultations to be held on February 22nd (French language) and February 25th (English language) to discuss the Miller Project with local residents. Within a few months, Canada Carbon will proceed with the formal public consultation required by the Ministère de l'Énergie et des Ressources naturelles for its Miller Project permitting applications, after the final infrastructure layout is determined. Notice of the public meeting will be broadly distributed to community members not less than 30 days before the meeting date. Detailed documentation describing the proposed project will be made available both online and in hard copy format during the 30 day notice period. Questions or comments can be submitted in advance of the meeting, or may be raised during the meeting. Comments may also be submitted for 30 days after the meeting is held. Canada Carbon will also meet with community groups to discuss their concerns at any other time, if requested. Canada Carbon's proposed Miller Graphite and Marble Project will consist of a graphite mine, marble quarry and associated infrastructure occupying approximately 67 hectares (0.67 sq. km.) on private land currently being operated as a woodlot. The mine/quarry will have a surface footprint of approximately 29 hectares (0.29 sq. km.), and will be restored at the time of closure. Already, detailed environmental surveys conducted by third-party consultants have demonstrated that the project is not expected to release contaminants into the environment during mine operations or after closure. The final environmental report will be publicly available as soon as the Feasibility Study engineering work determines the optimal layout of all Project infrastructure. Canada Carbon Executive Chairman and Chief Executive Officer Mr. R. Bruce Duncan remarked, "Canada Carbon welcomes this opportunity to communicate openly with GSLR residents about its development plans for the Miller Project. To ensure that all community members are fully informed, the Company will be sending out information letters that will include contact information to make it as easy as possible for questions to be asked and answered and comments to be received. Over the last four years, the Company has spent millions of dollars in the community for goods, services, and labour. We hope to continue to do so for many years to come." "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." FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).
News Article | February 16, 2017
OTTAWA, ONTARIO--(Marketwired - Feb. 16, 2017) - Filing your income tax and benefit return on time helps prevent delays in receiving your benefits and credit payments. If you have a balance owing, paying on time helps you avoid possible interest and penalty charges. When you file online, NETFILE-certified tax preparation software guides you through the process, does all the calculations for you, and helps to ensure you don't miss out on any credits and benefits you are eligible for! If you are fully registered for My Account, you can use the Auto-fill my return service to automatically fill in parts of your current and prior year income tax and benefit return, making the online filing process even simpler. If you file electronically and are registered for online mail, you could receive the results of your assessment immediately after you file and your notice of assessment within 24 hours using the Express NOA service. Join the 84% of Canadians who already benefit with online filing! The CRA's online services are fast, easy-to-use, and secure. For more information about filing online, go to cra.gc.ca/getready. If you don't file on time, your benefit and credit payments such as the Canada child benefit (CCB) and the goods and services tax/harmonized sales tax (GST/HST) credit, could be interrupted or stopped. To receive updates on what is new at the Canada Revenue Agency, you can: Add our RSS feeds to your feed reader.