News Article | May 9, 2017
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 9, 2017) - Leading Edge Materials Corp. ("Leading Edge Materials") or (the "Company") (TSX VENTURE:LEM)(OTCQB:LEMIF) is pleased to announce the staking of a new lithium project in Sweden. The Rotmyran project lies 20km north of Bergby, where the Company recently announced (see press release dated 25th April, 2017) the discovery of high grade lithium mineralization in drilling. Following the success of drilling at Bergby, Rotmyran was selected as a high priority target based on the geological similarity to Bergby plus presence of a strong tin (Sn) - lithium (Li) till anomaly in Swedish Geological Survey data. Rotmyran was held by the Swedish Government mining company LKAB during the 1980's when pegmatite outcrops and boulders bearing the lithium mineral petalite, the tin mineral cassiterite and anomalous tantalum (Ta) was discovered. Such features are supportive of the presence of highly prospective LCT (lithium-cesium-tantalum) pegmatites, similar to those found at Bergby. Blair Way, President and CEO, stated, "Following on from the success we have had in discovering high grade lithium mineralization at Bergby, we have been on the lookout for other equally prospective areas. Rotmyran shows many similar features to Bergby, and can be rapidly tested during the coming summer season. This project sits well within our strategy of acquiring low holding cost assets while we advance our graphite business model to supply the lithium Ion battery market." The Rotmyran project lies in central Sweden, 20km south of the town of Soderhamn, secured by one exploration license that covers a total of 1,019 Ha. The site is close to infrastructure, with major roads, rail and power supply passing immediately adjacent to the claim boundaries. Europe is playing a leading role in the transition to low-carbon energy generation from renewable sources, and the efficient storage of that energy. Electric mobility (EV's, HEV, PHEV's) and stationary electricity storage are dependent on high purity graphite, lithium and cobalt, where Leading Edge Materials is an active European player. Lithium has a strong and expanding market, due to the essential role it plays in lithium-based batteries for the automotive, consumer product and stationary electrify storage industries. The high electrochemical potential of lithium results in the high power to weight ratio that is essential for efficient mobile batteries. On behalf of the Board, Leading Edge Materials is a Canadian public company with principal assets in Scandinavia, a region well recognised for its promotion and investment in innovation. LEM's flagship asset is the Woxna Graphite production facility located in central Sweden targeting the supply of specialty materials for lithium ion battery production. LEM's core investments are matched to high growth markets, linked to the global shift to low-carbon energy generation and energy storage. The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), accept responsibility for the adequacy or accuracy of this news release. Forward-Looking Information. This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Such statements include but are not limited to, the Company's expectations regarding the Rotmyran Project, the Company's expectations regarding graphite production at Woxna, the Company's preliminary economic assessment on Woxna is no longer current or valid as a result of the filing of a new NI 43-101 Technical Report effective March 24, 2015, and the Company has no plans to complete a new preliminary economic assessment, a pre-feasibility or feasibility study on the project, as such there is an increased risk of technical and economic failure for the Woxna graphite project; unexpected geological conditions; exploration activities to advance other critical material projects of the Company for energy storage markets, delays in obtaining or failure to obtain necessary permits and approvals from government authorities. Although such statements are based on management's reasonable assumptions, there are risk factors which could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
News Article | May 22, 2017
Hedvig Distributed Storage Platform 2.0 Recognized As One Of The Most Innovative Cloud Products, Noted For Its Ability to Span Any Workload, Cloud, Or Storage Tier SANTA CLARA, CA--(Marketwired - May 22, 2017) - Hedvig, the company modernizing storage and accelerating enterprise adoption of private and hybrid clouds, today announced that CRN®, a brand of The Channel Company, has named Hedvig to its 2017 list of Emerging Vendors in the "Cloud" category. This annual list recognizes recently founded, up-and-coming technology suppliers that are shaping the future of the IT channel through unique technological innovations. In addition to celebrating these standout companies, the Emerging Vendors list serves as a valuable resource for solution providers looking to expand their portfolios with cutting-edge technology. This year, for the first time, the list was divided into seven categories: Cloud, Data Center, Security, Big Data, Networking/VoIP, Internet of Things and Storage. "Today's data center is quickly shifting from on-premise deployments to architectures that span multiple private and public clouds. However, efficiently using information stored in different clouds requires a degree of data portability that is lacking in today's storage appliances. This is what we're solving from a distributed, software-defined approach," said Avinash Lakshman, CEO of Hedvig. "But our innovation isn't just on the product side. We've also crafted the Hedvig CloudScale Partner Program to uniquely address how cloud is disrupting the channel. With Hedvig, partners can easily adapt to dynamically changing markets and accelerate enterprise adoption of private and hybrid clouds. We are grateful for CRN's recognition of our successful channel initiatives." Click here to Tweet: @TheChannelCo names @HedvigInc to @CRN 2017 Emerging #Cloud Vendors list #CRNEV: https://hed.vg/CRN2017 "Customers look to us to help them navigate and manage increasingly complex IT infrastructure requirements. We are committed to finding the most cost-effective solutions for each customer's needs, and to providing technologies designed to adapt with them as they build private, hybrid, and multi-cloud environments," said Allan Kaye, Managing Director of Vesper Technologies. "Scalable, flexible, software-defined solutions like Hedvig's are central to this value proposition." The Hedvig Distributed Storage Platform, recently updated to version 2.0, solves the data portability problem plaguing cloud architectures. It provides data locality, availability and replication features that span any workload, any public cloud, and any storage tier. Hedvig is the only software-defined storage solution that makes data active across multiple public cloud vendors, including AWS, Microsoft Azure, and Google while allowing businesses to simplify data infrastructure with the Hedvig Universal Data Plane. "This impressive group of technology supplier startups is already disrupting the status quo, aggressively creating and innovating to meet the ever-changing demands of the IT market," said Robert Faletra, CEO of The Channel Company. "CRN's 2017 Emerging Vendors represent the next generation of IT change agents, producing a wide range of leading-edge products that solution providers should keep an eye on in the coming year and beyond." The Emerging Vendors Cloud and Data Center lists will be featured in the June 2017 issue of CRN and online at www.crn.com/emergingvendors. About Hedvig Hedvig provides software-defined storage for enterprises building private, hybrid, or multi-cloud environments. The Hedvig Distributed Storage Platform is the only solution designed for both primary and secondary data, making it ideal for legacy, modern, and backup workloads. It consolidates block, file, and object into a single, API-driven platform that keeps pace with ever-growing data needs. Hedvig's patented Universal Data Plane technology forms a distributed, scale-out cluster that transforms commodity servers or cloud computing into a flexible foundation for bare metal, hypervisor, and container infrastructure. Customers like BNP Paribas, DGC, LKAB, and Mazzetti rely on Hedvig as a fundamental enabler of digital business. For more information about Hedvig, visit www.hedviginc.com. Read our blog: http://hedviginc.com/blog Follow us on Twitter: https://twitter.com/hedviginc Like us on Facebook: https://www.facebook.com/hedviginc Learn more: http://www.hedviginc.com/press-kit About The Channel Company The Channel Company enables breakthrough IT channel performance with our dominant media, engaging events, expert consulting and education, and innovative marketing services and platforms. As the channel catalyst, we connect and empower technology suppliers, solution providers and end users. Backed by more than 30 years of unequaled channel experience, we draw from our deep knowledge to envision innovative new solutions for ever-evolving challenges in the technology marketplace. www.thechannelco.com ©2017. The Channel Company, LLC. CRN is a registered trademark of The Channel Company, LLC. All rights reserved.
News Article | May 15, 2017
Saunas are common in Scandinavia -- there are millions of them, three million in Finland alone. They are considered a place for people to relax and unwind, but also a place to talk about important issues of the day -- the Nordic equivalent to the Parisian café. Building on this established tradition of the sauna as a community gathering place, Swedish artists Lars Bergström and Mats Bigert of Studio Bigert & Bergström created this dazzling sauna out of wood that's meant as a modern sculptural symbol of "rebirth", an "incubator that nurtures conversation and exchanges of ideas," in response to massive environmental and cultural changes that are happening in the Kiruna, Sweden's most northern town -- as a result of expanding mining operations by the LKAB mining company. Watch this quick tour via Designboom: Solar Egg by Bigert & Bergström from designboom on Vimeo. Commissioned by Riksbyggen, a local housing cooperative, and standing five meters high by four meters wide (16 by 13 feet), the ovoid Solar Egg's multifaceted surface is clad with gold-coloured stainless steel sheeting, which reflects the landscape of sky and iron ore fields on its shiny skin. The structure consists of 69 pieces which can be easily dismantled for reuse elsewhere. Inside, the Solar Egg is covered with wall panels and floor planks made out of pine and aspen. The interior temperature is kept between 75° and 85° Celsius (167 to 185 Fahrenheit) by a sculptural wood-burning stove made out of iron and stone. It's a real work of art, and is made to look like a heart -- a nice dose of thought-provoking symbolism here. The sauna has a quite a quirk factor, but the artists' intent was to create a communal place for locals to gather to discuss the complex social, economic and ecological issues affecting the town: Kiruna is currently undergoing a radical transformation, which involves a gigantic move for the whole town. This is so that the mining company LKAB can extract more of the iron seam that cuts diagonally downwards beneath the town. The iron ore is and has been – ever since it first began to be extracted at the end of the 19th century – an important source of income for Sweden, and absolutely vital for the town of Kiruna. No mine, no town. But the breaking up and devastating transformation of the landscape, the environment and the architecture caused by the move are also sparking a lot of debate. Solar Egg has been made as a social sculpture where local people and visitors to the town can meet and, for instance, discuss these challenges. This small but impactful installation belies the fact that there's a lot at stake here in Kiruna. Yet, these conversations about the intersection of environmental protection, sustainable resource and community development, and humanity's ultimate role in nature must be encouraged. It's one of the countless dialogues for the planet's future that are going on all over the world, and it's important that there is a place for them to happen. To see more, visit Studio Bigert & Bergström.
News Article | April 19, 2017
STOCKHOLM, 19-Apr-2017 — /EuropaWire/ — Monica Quinteiro has been appointed as the new General Manager of Boliden Rönnskär. Monica joins Boliden from a position as General Manager at LKAB in Svappavaara and will take up her new position on 21 August 2017. Monica has an M.Sc. in Geotechnology from Luleå University of Technology and an M.Sc. in Mining Engineering from the Colorado School of Mines. She has over 20 years’ experience of operational and corporate management at LKAB. In addition to her experience of mining and refining operations, Monica also has extensive experience in such areas as health and safety, technology/R&D, and environmental and sustainability work. “Monica’s in-depth and wide-ranging experience in the industry gives me every confidence as we take the next step forward in Rönnskär’s development,” says Kerstin Konradsson, President Boliden Smelters. When Monica takes up her new position at Boliden Rönnskär, the current General Manager, Åke Roos will switch to a new role as Product Manager for by-products, with technical responsibility for both existing by-products and the development of new ones. For further information, please contact: Boliden is a metals company with a commitment to sustainable development. Our roots are Nordic, but our business is global. The company’s core competence is within the fields of exploration, mining, smelting and metals recycling. Boliden has a total of approximately 5,500 employees and a turnover of SEK 40 billion. Its shares is listed on NASDAQ OMX Stockholm, segment Large Cap. www.boliden.com
News Article | April 4, 2016
« Tesla Model 3 updates: 276K reservations through Saturday; a few tech details | Main | SSAB, LKAB and Vattenfall launch long-term initiative for CO2-free ironmaking for steel production » Toyota is launching a new company—Toyota Connected, Inc.—to significantly expand the company’s capabilities in the fields of data management and data services development. The new company will serve as a data science hub for Toyota’s global operations and will support a broad range of consumer-, business- and government- facing initiatives. The company intends to leverage the power of data science through Microsoft’s Azure cloud technology to develop predictive, contextual, and intuitive services that help to humanize the driving experience while pushing the technology into the background. Toyota Connected will help free our customers from the tyranny of technology. It will make lives easier and help us to return to our humanity. From telematics services that learn from your habits and preferences, to use-based insurance pricing models that respond to actual driving patterns, to connected vehicle networks that can share road condition and traffic information, our goal is to deliver services that make lives easier. —Zack Hicks, CEO of Toyota Connected and Chief Information Officer at Toyota Motor North America Based in Plano, TX, Toyota Connected will launch with two mandates: delivering seamless and contextual services; and using cutting-edge data analytics to support product development for customers, dealers, distributors, and partners. In support of these goals, the new company will consolidate Toyota initiatives in data center management, data analytics, and data-driven services development. In addition, the new company builds on Toyota’s existing partnership with Microsoft to accelerate R&D efforts and to deliver new connected car solutions and elevated customer experiences. Microsoft engineers will work with Toyota Connected in their new facility, providing continuous support across technology areas and leveraging a broad range of data analytics and mobile programs. Toyota Connected will adopt Microsoft’s Azure cloud computing platform, employing a hybrid solution globally. Toyota Connected’s structure builds on Toyota Motor Corporation’s global re-organization into product-based companies, and will focus on expanding Toyota’s work in connected and data science technologies. (Earlier post.) Toyota Motor Corporation Senior Managing Officer Shigeki Tomoyama will be Chairman, with Toyota Motor North America Chief Information Officer Zack Hicks serving as Chief Executive Officer. The structure will allow Toyota Connected to centralize company initiatives across a broad range of emerging technology fields, ensuring that the common focus of all of them is the customer. Program areas will include in-car services and telematics; home/IoT connectivity; personalization; safety; smart city integration; and a broad range data services for Toyota affiliates, its dealers; fleet services and more. At launch, Toyota Connected is already providing a range of data and computer science services across Toyota’s operations, including support for ongoing research into artificial intelligence and robotics and the Toyota Research Institute.
News Article | April 4, 2016
« SSAB, LKAB and Vattenfall launch long-term initiative for CO2-free ironmaking for steel production | Main | Kapsch TrafficCom acquires Schneider Electric Transportation Business » The average fuel economy (window-sticker value) of new vehicles sold in the US in March 2016 was 25.3 mpg (9.29 l/100km)—unchanged from the revised value for February 2016, according to the latest monthly report from Dr. Michael Sivak and Brandon Schoettle at the University of Michigan Transportation Research Institute (UMTRI). Fuel economy is down 0.5 mpg from the peak reached in August 2014, but still up 5.2 mpg since October 2007. The University of Michigan Eco-Driving Index (EDI)—an index that estimates the average monthly emissions of greenhouse gases generated by an individual US driver—was 0.84 in January 2016, up 0.01 from the revised value for December 2015 (the lower the value the better). This value indicates that the average new-vehicle driver produced 16% lower emissions in January 2016 than in October 2007, but 6% higher emissions than the record low reached in August 2014. The EDI takes into account both vehicle fuel economy and distance driven (the latter relying on data that are published with a two-month lag).
News Article | March 2, 2017
Veteran Technology Sales Executive to Drive Hedvig's Growth in the $7B Software-Defined Storage Market SANTA CLARA, CA--(Marketwired - Mar 2, 2017) - Hedvig today announced the appointment of Ediz Ertekin as senior vice president of worldwide sales and field operations. With nearly two decades of executive sales experience in the enterprise tech and business intelligence, analytics and integration markets, Ediz will lead the expansion of sales initiatives for Hedvig as the company scales to its next level of growth. He will oversee Hedvig's sales, pre- and post-sales engineering, and sales operation functions. "Hedvig launched two years ago with a mission to challenge traditional storage approaches. We're now providing our customers with a flexible, software-defined storage solution that addresses cloud and backup needs in a single platform," said Avinash Lakshman, CEO and founder at Hedvig. "Ediz's proven sales leadership of software, services and international operations will be key as we embark on our next phase of growth." Ediz is an accomplished leader in building both direct and indirect sales models. Prior to joining Hedvig, Ediz led European sales for data integration software provider Informatica where he led the organization to $70 million in revenue and an IPO. Since Informatica he has led several high-growth startups to the $25 million mark and has held sales leadership positions at Striim, SnapLogic, Verix and Celequest. "Today's businesses generate an astounding amount of data. We're in the midst of a cloud renaissance where a software-centric storage infrastructure is needed to deliver better business outcomes," said Ediz Ertekin, SVP of sales at Hedvig. "The Hedvig Distributed Storage Platform brings the agility and cost savings enterprises need in their journey to the public cloud. I'm thrilled to be part of a team that's introducing modern storage to a wide range of industries and look forward to contributing to Hedvig's ongoing success." Hedvig today also announced in a separate release that it has raised a $21.5M Series C funding round. New investors EDBI, the dedicated investment arm of the Singapore Economic Development Board, and Hewlett Packard Enterprises (HPE) join existing investors Atlantic Bridge Ventures, True Ventures, and Vertex Ventures. The proceeds from the round will help with Hedvig's expansion into Asia, advancing the development of end-to-end enterprise solutions and continuing to build world class engineering, sale, and channel teams. About Hedvig Hedvig provides software-defined storage for enterprises building private, hybrid, or multi-cloud environments. Hedvig is the only solution designed for both primary and secondary data, making it ideal for legacy, modern, and backup workloads. The Hedvig Distributed Storage Platform consolidates block, file, and object into a single, API-driven platform that keeps pace with ever-growing data needs. Our patented Universal Data Plane technology forms a distributed, scale-out cluster that transforms commodity servers or cloud computing into a flexible foundation for bare metal, hypervisor, and container infrastructure. Customers like BNP Paribas, DGC, LKAB, and Mazzetti rely on Hedvig as a fundamental enabler of digital business. For more information about Hedvig, visit www.hedviginc.com. Read our blog: http://hedviginc.com/blog Follow us on Twitter: https://twitter.com/hedviginc Like us on Facebook: https://www.facebook.com/hedviginc Learn more: http://www.hedviginc.com/press-kit
News Article | March 2, 2017
EDBI and Hewlett Packard Pathfinder Join Existing Investors to Accelerate Hedvig's Expansion into Asia, Advance Development of End-to-End Solutions and Continue Building a World-Class Team SANTA CLARA, CA--(Marketwired - Mar 2, 2017) - Hedvig today announced the close of a $21.5 million Series C funding round with new investments from Singapore-based EDBI and Hewlett Packard Pathfinder, part of Hewlett Packard Enterprise (HPE). The round also included expanded investments from Atlantic Bridge Ventures, including its Oman Technology Fund, and contributions from existing investors True Ventures and Vertex Ventures. With a total of $52 million in financing to date, Hedvig will use the latest round of funding to expand into new markets, develop end-to-end cloud and backup solutions for large enterprises and grow its world-class engineering, sales and channel teams. Additionally, to help lead Hedvig's growth in the $7 billion software-defined storage (SDS) market*, the company announced in a separate release that technology sales veteran Ediz Ertekin has joined the company's executive team as SVP of Worldwide Sales and Field Operations. "We've seen tremendous growth and traction from Hedvig since they launched in 2015. Their ability to attract customers ranging from blue-chip companies to large financial institutions like BNP Paribas is a testament to the quality of the product and support Hedvig offers," said Brian Long, managing partner at Atlantic Bridge. "Hedvig's strong vision for modern storage positions the company for clear leadership in the software-defined storage market, especially as enterprise use of public cloud continues to take hold." New strategic investments from EDBI and Hewlett Packard Enterprise will accelerate Hedvig's growth in key markets. With EDBI's support and Singapore as a focal point, Hedvig will expand its development and go-to-market resources across Asia Pacific. The region has shown a significant increase in SDS demand, and is expected to grow at a CAGR of 32 percent through 2022.** HPE's strategic investment will assist Hedvig in offering its leading-edge SDS solution to enterprises architecting hybrid IT. Milan Shetti, CTO of the Data Center Infrastructure Group at HPE, will serve as a technical advisor to Hedvig. "As cloud adoption gains traction in Asia, companies seek new storage solutions that could offer cloud-like agility, scalability and cost-efficiency to better manage their voluminous data," said Ms. Swee Yeok CHU, CEO and President of EDBI. "Hedvig's next-generation SDS platform allows enterprises to leverage multiple cloud storage options to perform computing tasks of varying complexity, hence providing the flexibility to meet their increasingly sophisticated data needs. Singapore's leading data hub position will be an ideal base for Hedvig to target the Asian market with EDBI's support." Seventy-five percent of businesses are forecasted to be digital businesses by 2020***. Many of these organizations are not only faced with the overwhelming cost of migrating to the cloud, but also the complexity of operating in the cloud. Hedvig eliminates storage bottlenecks associated with deploying a cloud strategy. Its Universal Data Plane approach enables businesses to simplify how they scale their virtual data center, efficiently store their primary and secondary data, and begin the shift of their data to the cloud. "All sectors of enterprise IT are being hit by new demands from the massive wave of emerging digital businesses. It's a wake-up call for the storage industry and a signal that a flexible, simple software-defined storage solution is needed for primary and secondary storage in the era of cloud," said Avinash Lakshman, founder and CEO of Hedvig. "This investment round is a testament to the hard work and dedication of the Hedvig team. We'll build on our early customer success in key financial services, service provider, manufacturing, energy and retail markets by continuing to innovate in both cloud and backup capabilities. With this latest investment, we are poised to grab the No. 1 spot in the fragmented software-defined storage market." *ReportsnReports, Global Software Defined Storage Market 2016-2020 **KBV Research, Asia-Pacific Software Defined Storage Market ***Gartner, Where Are You On The Digital Business Development Path? About Hedvig Hedvig provides software-defined storage for enterprises building private, hybrid, or multi-cloud environments. The Hedvig Distributed Storage Platform is the only solution designed for both primary and secondary data, making it ideal for legacy, modern, and backup workloads. It consolidates block, file, and object into a single, API-driven platform that keeps pace with ever-growing data needs. Hedvig's patented Universal Data Plane technology forms a distributed, scale-out cluster that transforms commodity servers or cloud computing into a flexible foundation for bare metal, hypervisor, and container infrastructure. Customers like BNP Paribas, DGC, LKAB, and Mazzetti rely on Hedvig as a fundamental enabler of digital business. For more information about Hedvig, visit www.hedviginc.com. Read our blog: http://hedviginc.com/blog Follow us on Twitter: https://twitter.com/hedviginc Like us on Facebook: https://www.facebook.com/hedviginc Learn more: http://www.hedviginc.com/press-kit
News Article | October 27, 2016
The operating profit was MSEK 273 (-6,951), with impairment losses of MSEK -7,136 on property, plant and equipment having been charged to earnings in the third quarter of 2015. The underlying operating profit(1) for the quarter was MSEK 762 (798). “LKAB´s third quarter saw stable production, increased delivery volumes and positive cash flow. Continued efficiency improvements and cost savings have had an effect, primarily as a result of measures to improve productivity in daily operations and mor
News Article | October 27, 2016
STOCKHOLM, Sweden--(BUSINESS WIRE)--Regulatory News: The operating profit was MSEK 273 (-6,951), with impairment losses of MSEK -7,136 on property, plant and equipment having been charged to earnings in the third quarter of 2015. The underlying operating profit(1) for the quarter was MSEK 762 (798). “LKAB´s third quarter saw stable production, increased delivery volumes and positive cash flow. Continued efficiency improvements and cost savings have had an effect, primarily as a result of measur