Mitsubishi Heavy Industries, Ltd. (MHI) completed the acquisition of 100% of Concentric, LLC, a top provider of industrial power solutions in North America, from OnPoint Group on October 2.
Concentric will take steps under its new ownership as a member of the MHI Group to promote zero emissions, energy conservation and electrification with the aim of improving the service provided to customers of its North American data centers, logistics warehouses and industrial facilities. It will also utilize the cutting-edge technology and knowledge gained through its partnership with MHI to provide sustainable power solutions.
As the world transitions to digital technology, demand for data centers is growing, and the industry is grappling with the issue of how to adopt zero emission power sources and conserve energy. MHI Group aims to solve this issue by providing total energy solutions that offer data centers a one-stop service encompassing power systems, cooling systems, and control and monitoring.
Concentric’s maintenance and service functions will be key to ensuring efficiency and sustainability throughout the whole system and adapting quickly to changes in customers’ needs. MHI is confident that forming an alliance with a company that has a customer network spanning the entirety of North America will be a major step toward energy optimization in data centers and logistics warehouses, leading to a reduction in CO2 emissions.
As a member of MHI Group, Concentric will meet customers’ expectations to an even higher level and strengthen its response to social and environmental issues. Together, MHI and Concentric will utilize their respective technologies and know-how to provide cutting-edge solutions for customers not only in North America but around the world.
About ConcentricFounded in 2000 and headquartered in Carrolton, Texas, Concentric is a full-lifecycle power system solutions provider with bases across North America. The company’s signature solutions, GuaranteedPOWER® and PerpetualPOWER® are industry firsts, enabling leading facilities from manufacturers, distributors to data centers to improve safety and consistency through a fixed cost program delivering 30% average total cost savings. For details, see concentricusa.com.
About MHI Group
Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.
LOS ANGELES – July 31, 2023 – PRLog — CGI+ Real Estate Investment Strategies (“CGI+”) has delivered its first stand-alone retail development, a 31,000-square-foot grocery in Los Angeles’ Los Feliz neighborhood to tenant Lazy Acres Natural Market. Located at 1841 N Western Ave it is the sixth store for the Santa Barbara, CA-based grocery purveyor in Southern California and the first in the City of Los Angeles.
The Lazy Acres market is the culmination of more than three years of planning, land assemblage and development. The project started two months into the Covid-19 pandemic when CGI+ entered into separate contracts to purchase an existing 23,000-square-foot Rite Aid and two adjacent properties at the heavily trafficked intersection of Franklin and Western Avenues.
After reducing the existing building to its shell and core, CGI+ rebuilt the structure with 8,500 square feet of new construction, and added a new parking lot to meet the specifications of Lazy Acres, which signed a long-term lease with CGI+.
“As an owner of multiple properties in the area and a firm believer of investing in our communities, we saw an opportunity to bring to area residents the first grocery offering organic and healthy products,” said Andre Soroudi, Executive Vice President of Acquisitions and Development for CGI+. “Lazy Acres will be a great amenity for the Los Feliz neighborhood for decades to come.”
Lazy Acres Natural Market offers a wide variety of natural and organic grocery items, local, seasonal, and organic produce, full-service meat and seafood departments, bakery, coffee & juice bar, full-service deli and prepared foods, as well as an extensive selection of health supplements and beauty products.
“We are excited to open our sixth store in the community of Los Feliz,” said Forrest Gonsiewski, Senior Vice President of Lazy Acres Natural Market. “This is a really unique neighborhood and we think the shoppers here share many of our core values like nourishing from the inside-out with organic foods, living a lifestyle focused on health and wellness, and making our decisions with the good of the community in mind. Lazy Acres is a special kind of community market, and we look forward to sharing that with the Los Feliz neighborhood.”
As part of the development CGI+ preserved a 1,740-square-foot building that once served as the studio for artist Mary Corita Kent. The “Pop Art Nun” was considered one of the great contributors to the Pop Art movement in Los Angeles. CGI+ participated in the community effort to have the building listed as a Los Angeles historic monument.
“Understanding the importance of the structure to both the community and the history of Los Angeles, we had no issue with amending the original plan and to not only keep the building intact but renovate it to honor the history it represents,” added Soroudi. The building has been leased by Motivate Studios for use as a fitness facility.
Lazy Acres expands CGI+’s (http://www.cgiplus.com) footprint in the Los Feliz neighborhood that includes Villa Carlotta, a fully furnished 50-unit extended stay rental property, The James, a 75-unit multifamily property, The Baxter, an 86-unit multifamily development that is scheduled for completion later this year, Los Feliz Bliss, a 78-unit apartment building and a 248-unit, 22-story apartment tower in entitlements at the corner of Franklin and Cahuenga.
Contact Bruce Beck DB&R Marketing Communications, Inc. ***@dbrpr.com
HostPapa, Inc., a leading global web hosting and cloud service provider for small and medium businesses (SMBs), announced today that it has completed its acquisition of Deluxe Corporation’s web hosting and logo design businesses.
The Deluxe web hosting business serves as a trusted provider to small business customers and email hosting customers around the world. It also provides white-label website hosting services to enterprise customers, as well as logo solutions and services to small business customers through its Deluxe Logo Design brand.
The acquisition of both the web hosting and logo design operations expands HostPapa’s burgeoning hosting and design businesses and increases the scale of its offering in numerous markets.
“We’re excited about completing this acquisition as it strengthens our position to better acquire and serve customers around the world. We look forward to welcoming partners, clients and employees to the HostPapa family,” said Jamie Opalchuk, HostPapa Founder and Chief Executive Officer. In conjunction with the deal, HostPapa welcomes Jorge Carvalho, formerly Vice President and General Manager of Web Services at Deluxe, as its new President. Jamie added: “I am personally honored to welcome Jorge to the HostPapa team. His vast experience and proven track record in our industry will be most valuable in expanding our operations worldwide.”
This transaction represents Deluxe’s exit from the web hosting and logo design market as it continues to focus on its future as a Payments and Data company. “We are proud of the team and offering we’ve built but remain committed to our mission as a Payments and Data company. We found in HostPapa a scaled business leader that could continue to grow our incredible web hosting and logo design teams,” said Garry Capers, President of Cloud Solutions for Deluxe.
The acquisition represents a significant step forward for HostPapa as the company continues to evolve, innovate, and provide industry-leading hosting solutions. HostPapa is now well-positioned to deliver even greater value and success for its customers in the ever-evolving digital landscape.
About HostPapa HostPapa, Inc., founded in 2006 (www.hostpapa.com) and based in Burlington, Ontario, Canada, is a leading web hosting and cloud services provider for small businesses around the globe. HostPapa is committed to providing a complete array of enterprise-grade solutions to every business owner. These services, traditionally out of reach to smaller businesses, are offered in a one-stop shop, making it quick and easy for customers to select the services they need to grow. HostPapa backs these offerings with 24-7 award–winning multilingual customer support provided by a team of experts.
About Deluxe Deluxe, a Trusted Payments and Data Technology™ company, champions business so communities thrive. Our solutions help businesses pay, get paid, and grow. For more than 100 years, Deluxe customers have relied on our solutions and platforms at all stages of their lifecycle, from start-up to maturity. Our powerful scale supports millions of small businesses, thousands of vital financial institutions and hundreds of the world’s largest consumer brands, while processing approximately $3 trillion in annual payment volume. Our reach, scale and distribution channels position Deluxe to be our customers’ most trusted business partner. To learn how we can help your business, visit us at www.deluxe.com.
Palladium One Mining Inc. (TSXV: PDM) (FSE: 7N11) (OTCQB: NKORF) (“Palladium One” or “PDM”) and MetalCorp Limited (TSXV: MTC) (“MetalCorp” or “MTC”) are pleased to announce the successful completion of their previously-announced statutory plan of arrangement under the provisions of the Business Corporations Act (Ontario) (the “Arrangement”). Pursuant to the Arrangement, among other things, Palladium One acquired all of the issued and outstanding shares of MetalCorp. The Arrangement became effective at 12:01 a.m. (Toronto time) on May 2, 2023 (the “Effective Time”), resulting in MetalCorp becoming a wholly-owned subsidiary of Palladium One.
Under the terms of the Arrangement, each former MetalCorp shareholder (“MTC Shareholders”) is entitled to receive, in exchange for each common share in the capital of MetalCorp (a “MTC Share”) held, 0.30 of a common share in the capital of Palladium One (each whole share, a “PDM Share”) (the “Exchange Ratio”). Further, under the Arrangement, all options to acquire MTC Shares outstanding immediately prior to the Effective Time are exchanged for stock options to purchase PDM Shares at the Exchange Ratio.
“The deemed value of the MetalCorp acquisition is approximately $3.3 million paid in shares, and for that Palladium One assumes approximately $1.8 million of cash and for the remainder of the purchase price being approximately $1.5 million obtains optionality on both precious metal and critical mineral projects in Ontario, Canada. Importantly, Palladium One assumes a significant pool of assessment credits and therefore has no spending obligations for many years to come,” commented Derrick Weyrauch, President and Chief Executive Officer of PDM.
In order to receive the PDM Shares in exchange for their MTC Shares, registered MTC Shareholders are reminded that they must complete, sign and return the letter of transmittal to Computershare Investor Services Inc., in its capacity as depositary under the Arrangement, together with their certificate(s) or DRS statement(s) representing their MTC Shares, in accordance with the tender procedures described in MTC’s management information circular dated March 22, 2023 (the “Circular”) which is available on SEDAR (www.sedar.com) under MTC’s issuer profile. Any MTC Shares held in the CDS system were automatically deposited under the Arrangement and the beneficial shareholders thereof will receive the PDM Shares at the Exchange Ratio in respect of such MTC Shares.
If you have any questions or require more information with regard to the procedures for receiving the PDM Share consideration, please contact Computershare Investor Services Inc., by (i) telephone within North America at 1-800-564-6253 or (ii) email at corporateactions@computershare.com.
Advisors and Counsel
Bennett Jones LLP is acting as Palladium One’s legal advisor. Dickinson Wright LLP is acting as MTC’s legal advisor.
Grant of Incentive Awards
Palladium One also announces that its board of directors has granted:
(i) 275,000 restricted share units (“RSUs”) to certain employees, advisors and consultants of Palladium One, which vest in three years; (ii) 1,525,000 stock options to certain officers and directors of Palladium One, which are exercisable for five years at a price of $0.11 per PDM Share with 1/3rd vesting immediately and 1/3rd annually thereafter; and (iii) 550,000 stock options to certain employees, advisors and consultants of Palladium One, which are exercisable for five years at a price of $0.11 per PDM Share with 1/3rd vesting immediately and 1/3rd annually thereafter.
About Palladium One
Palladium One Mining Inc. (TSXV: PDM) is focused on discovering environmentally and socially conscious Metals for Green Transportation. A Canadian mineral exploration and development company, Palladium One is targeting district scale, platinum-group-element (PGE)-copper-nickel deposits in Canada and Finland. The Lantinen Koillismaa (LK) Project in north-central Finland, is a PGE-copper-nickel project that has existing NI43-101 Mineral Resources, while both the Tyko and Canalask high-grade nickel-copper projects are located in Ontario and the Yukon, Canada, respectively. Follow Palladium One on LinkedIn, Twitter, and at www.palladiumoneinc.com.
For further information contact: Derrick Weyrauch, President & CEO Email: info@palladiumoneinc.com Telephone: 647-612-6466
Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of Palladium One Mining Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.
Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company’s expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. Forward-looking statements contained in this news release include, without limitation, statements with respect to: the expected synergies and benefits of the Transaction, the future price of nickel, copper, gold, and cobalt, the estimation of mineral resources, costs and timing of the development of projects and new deposits, success of exploration, currency fluctuations, requirements for additional capital, government regulation of mining operations, and environmental risks. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Such factors include, among others, risks associated with the results of regulatory approvals for the Arrangement, the integration of MetalCorp with Palladium One, the quality of the title of MetalCorp to its assets and the extent of any known, unknown or contingent liabilities of MetalCorp, the results of the exploration at Hemlo East or North Rock Copper, the accuracy of the mineral resource estimates at Hemlo East or North Rock Copper; project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in palladium and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and tax consequences to Canadian and U.S. shareholders. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/164673
Coinweb, a layer-2 protocol unifying blockchain’s interoperability, announced the success of integrating four more chains into its expandable blockchain infrastructure. Prior to BNB, Polygon, MultiversX (formerly known as Elrond) and Kujira; Bitcoin, Bitcoin Cash, Litecoin and Ethereum were already part of Coinweb’s underlying networks. To date, Coinweb has executed over 4 million transactions since December 2020, and is responsible for an average of 0.3% of all daily transactions being broadcast to the BNB chain in March 2023. With these current eight blockchains integrated, Coinweb continues to prove its bold statement of enabling dApps built on top of Coinweb to take advantage of multiple chains’ desired features and the flexibility to migrate seamlessly from one chain to another. Blockchain-agnostic tokens that are created on LinkMint — Coinweb’s cross-chain tokenization platform, will now have the option to choose to be embedded in any of these underlying chains, moving between them without the need to hold gas balances of each native layer-1 token. This removes key bottlenecks in delivering interoperability and breaking blockchains out of their individual silos.
“Further proving that projects on Coinweb can run Smart Contract using Ethereum, execute token transactions with MultiversX, store data ledger on Bitcoin, and so on, we have been identifying the optimal mesh of chains to integrate, enhancing features and functionalities of the platform,” stated Coinweb CEO & Co-founder Toby Gilbert. “The ability to provide true interoperability without compromising layer-1 consensus is key to delivering blockchain adoption for many large-scale enterprises and blockchain projects that have legitimate concerns tying themselves into one network.”
Dove, Co-founder at Kujira, a blockchain built with the Cosmos SDK commented, “As a decentralized ecosystem for protocols, builders and web3 users seeking sustainable FinTech, we are looking forward to this collaboration with Coinweb.” He further stated, “We find our mission of providing easy and cost-effective building tools for everyone resonates with Coinweb’s existing platform and product offerings. I believe Kujira will play an important role in enabling Coinweb’s access to the Cosmos ecosystem in a secure and interoperable manner.”
About Coinweb
The Coinweb Protocol is a platform used to run decentralised applications on top of multiple different blockchains using them as one. This allows developers of applications to combine the best properties and functionalities of each blockchain.
Coinweb Labs is a design and build consultancy service that creates custom-built and turnkey solutions for decentralised applications interacting with Web3. Coinweb Labs is responsible for building third-party projects on top of the Coinweb protocol and incubating new projects.
For more information, visit https://coinweb.io Twitter: @CoinwebOfficial Telegram: Coinweb.io
Contact information: Ain Mohd +66 6143 28757 ain@coinweb.io
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