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CubCrafters Inc. Appeals to Soaring Market Segment with Light Bush Plane Product, Pending Public Offering

  • The market for light and ultralight aircraft is expected to grow at a CAGR of 5.9 percent between 2022 and 2030, achieving sales of $11.9 billion
  • Backcountry aircraft developer CubCrafters is awaiting SEC qualification for a public offering, to take advantage of rising interest in this sector of the aviation industry
  • The Yakima, Wash.-based company has been building airplanes modeled on the classic Piper PA-18 Super Cub for over 40 years and has advanced to designing its own aircraft based on the same legacy
Yakima, Wash.-based aircraft manufacturer CubCrafters has started a takeoff roll toward blue skies that offer the potential promise of corporate development through public investment. The popular light aircraft designer and builder has enjoyed over 40 years of producing best-in-class backcountry aircraft that began with the legacy of the classic Piper PA-18 Super Cub and progressed to include its own new designs in the Experimental, LSA, and Part 23 Certified aircraft categories. It announced in July that it is taking reservations from potential investors as it awaits qualification by the U.S. Securities and Exchange Commission (“SEC”) for a public stock listing. This news was met by immediate enthusiasm from the investment community as evidence of the expectations for the backcountry aircraft market’s continued growth (https://ibn.fm/6pdn8). “[The market for bush planes] really has exploded,” CubCrafters Vice President of Sales and Marketing Brad Damm said in a recent interview with The Bell2Bell Podcast (https://ibn.fm/opLt0). “The airplanes have always been used for utility — for delivering mail to remote communities, for medevac missions, for search-and-rescue, for law enforcement,” Damm added. “What’s really changed in the last 10 or 20 years is people have come into this type of flying for recreational purposes, for fun — to access the backcountry where you can fly into the Idaho wilderness and land on a remote airstrip and be dozens or hundreds of miles away from anyone and have that country, that access all to yourself. Or if you have a cabin on a remote lake you can take one of these airplanes, you can put it on pontoons, on floats. You can land on the water, taxi up to your dock and have that sort of access.” Damm said that during COVID restrictions on public tourism, a large new segment of customers took interest as they looked for private travel alternatives and began filling bucket list plans. Because the airplanes have become easier to fly over the years and are “safer than ever before” with better performance, people began to feel more confident in their ability to pursue their aviation goals. Damm highlighted his own life path as a realization of the freedom to pursue those interests. “I started taking flight lessons back when I was in college. The outdoors always appealed to me,” he said. “I’ve been flying these airplanes for between 25 and 30 years.” Damm also noted that despite COVID and European war-related challenges that have made it difficult for many companies to get products they need and deliver them to their customers, CubCrafters has been able to continue operating smoothly. “Our biggest challenge in 2022 has been supply chain issues,” he said. “We’ve been really fortunate that we’ve been able to overcome them. … We’ve actually managed to accelerate our manufacturing during this time period of supply chain challenges because the customer demand has been there.” ResearchandMarkets.com analysts are predicting that the market for light and ultralight aircraft will continue to soar higher at a CAGR of 5.9 percent between now and the end of the decade, achieving $11.9 billion in sales by 2030 (https://ibn.fm/8rFJO). For more information, visit the company’s website at www.CubCrafters.com. NOTE TO INVESTORS: The latest news and updates relating to CubCrafters Inc. are available in the company’s newsroom at https://ibn.fm/CUB

GeoSolar Technologies Inc. Set to Benefit as Clean Energy Emerges as One of the Most Certain Economic Trends

  • Inflation Reduction Act flips the script of green economy; until recently economic growth took primacy over energy transition; now they go hand in hand
  • Credit Suisse cites clean energy as safe, smart, government-backed bet for conservative investors; moreover, it is expected to perform regardless of the macro environment
  • As a company empowering homeowners and businesses to achieve Net-Zero, GeoSolar well positioned to capitalize on this growing green momentum
The days of assuming that we need economic growth before we can start tackling climate change are gone. Once an afterthought dependent on the upward trajectory of the broader economy, now climate change is gearing up to drive growth. Against this backdrop, it appears that the times for companies like GeoSolar Technologies (“GST”), a Colorado-based climate technology company, may have never been better. According to the recent Credit Suisse report, the Inflation Reduction Act, which is expected to spend $374 billion on climate change, will have a monumental impact across industries in the next ten years and beyond, potentially shaping the broader direction of the American economy (https://ibn.fm/RSogz). However, as impressive as it is, it may not be all there is. Despite this already colossal spending that’s expected, what may go unnoticed is that the IRA could spend twice as much since the most important provisions, including incentives for electric vehicles and zero-carbon electricity, are uncapped tax credits. This means there’s no budget for them or limit – as long as a project meets the terms, the government will award the tax credits. As a result, Credit Suisse believes that significantly more money will flow into green-energy industries. The bank predicts that the demand for tax credits will be so high that the IRA’s total spending will likely be more than $800 billion. Since public expenditure tends to catalyze private investment, this federal backing could spur total climate spending across the economy to as much as $1.7 trillion over the next decade. This game-changing legislation flips the narrative from risk mitigation to opportunity capture, amalgamating economic growth with the energy transition. But high point of this new push toward green spending is that it appears to be recession-proof. Even if the United States goes into recession in 2023, it is believed that the role of the IRA will only grow in importance, making “betting on clean energy one of the most certain economic trends of the next few years.” Climate change and Net-Zero are the global talking point the world over. “The fact is net zero is going to fundamentally change our lives,” energy expert and Australian Energy Market Commission chairwoman Anna Collyer said during the AFR Energy and Climate Summit (https://ibn.fm/9rnk0). “Within our children’s lifetimes, petrol cars and gas stoves – like answering machines and street directories – will become things of the past,” she continued. Electrification of the commercial sector might be vital for decarbonization, but for homes, the impact will be transformation, she argued. The US’s role in this global fight against climate change appears to be at an inflection point – it is expected to evolve more in the next four years than it has in the past four decades. With this strong federal support, Credit Suisse believes that the US is “poised to become the world’s leading energy provider,” potentially producing the world’s cheapest solar and wind by 2029. It seems that there has never been a better time to be in the green energy space – and the industry outlook is even rosier. Against this backdrop of the blossoming US green sector, GeoSolar appears poised for growth as a company offering technology that enables homeowners and businesses to achieve Net-Zero by revolutionizing how they generate and consume power. Tapping into the power of the earth and sun, the Company’s patent pending SmartGreen™ Home system uses solar panels and geothermal ground loops to distribute that energy to power cooling and heating systems, run home appliances, and charge electric vehicles. With this solution that blends solar power, geothermal, and other clean energy technologies into one integrated system, GeoSolar seems well-positioned to capitalize on the colossal momentum the industry is building today. For more information, visit the company’s website at www.GeoSolarPlus.com. NOTE TO INVESTORS: The latest news and updates relating to GeoSolar Technologies are available in the company’s newsroom at https://ibn.fm/GST

Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Releases Positive Results From Silver-Tin Polymetallic Project in Bolivia

  • Eloro Resources is an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru, and Quebec
  • Company released positive results from 21 diamond drill holes at Iska Iska Bolivia project revealing silver, tin, zinc, lead
  • New borehole geophysical data expanding Santa Barbara high-grade feeder zone with potential strike length of at least 2 kilometers
  • Eloro has option to acquire 99 percent interest in the Iska Iska property, owns 82 percent interest in La Victoria Gold/Silver project in Peru
Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM), a publicly traded exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru, and Quebec, recently released positive results from its fully financed drill program at its Iska Iska project in Bolivia (https://ibn.fm/Uo65i). Results from the company’s diamond drilling program – a process that uses diamond drills to extract solid cores deep within the site – revealed significant proportions of precious metals from 21 diamond drill holes, including five surface holes and two underground holes. In addition, the new data extends the zone a further 250 meters to the south-southeast, with a potential overall strike length of at least 2 kilometers according to a 3D inverse magnetic model. “We put out another blockbuster release today (with an) absolutely remarkable drill hole of 440 meters long – almost four and a half football fields,” said Bill Pearson, Eloro’s Executive Vice President of Exploration, in a recent interview (https://ibn.fm/ZPpUj). “Excellent grade 150 grams silver colloid with a lot of zinc, lead, silver, and some tin. We had another higher-grade hole that was 185 grams silver per tonne, with a lot more silver (at) almost 45 grams per tonne, with lead, copper, and tin.” Eloro’s fully financed drill program in Bolivia is located in the southwest part of the Eastern Cordillera near other world-class deposits, including Pulacayo, San Cristobal, San Vicente, Silver Sand, San Bartolomé, Siete Suyos, Chorolque, Tasna, and Choroma. The company believes Iska Iska has excellent potential for world-class bulk mineable deposits with mineralization found in every drill hole conducted so far, including 113 completed drill holes covering 74,782 meters to date and five holes in progress. “The results presented in this press release, combined with the enhanced geological and geophysical interpretation, show the continuing expansion of the already extensive Iska Iska high-grade mineralized system, which has a potential strike length of at least two kilometers,” said Thomas G. Larsen, CEO of Eloro. “The new data demonstrate excellent potential to outline a major open pittable deposit in the valley of the Iska Iska caldera. As a result, the estimated completion date for the maiden NI 43-101 mineral resource has been pushed back to the end of Q1 2023 to provide additional time to drill-test this important target.” Eloro is an exploration and mine development company based in Toronto, Canada with a portfolio of gold and base-metal properties in Bolivia, Peru, and Quebec. The company owns an 82 percent interest in the La Victoria Gold/Silver Project located in Peru, and has an option to acquire a 99 percent interest in the Iska Iska Property. For more information, visit the company’s website at www.EloroResources.com. NOTE TO INVESTORS: The latest news and updates relating to ELRRF are available in the company’s newsroom at https://ibn.fm/ELRRF

EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQX: EVGIF) Expands Production Facilities; Names CFO to Oversee Company’s Next Growth Stage

  • The Renewable Natural Gas (“RNG”) market is forecast to grow to an annual market size of $72.13 billion by 2027
  • EverGen purchased a 66% stake in Albert-based agri operation, GrowTEC for a gross consideration of $2.1 million
  • EverGen are in the process of building out the required infrastructure needed to inject the company’s RNG production into the local electric grid
  • Elsewhere, the company also announced that Sean Hennessey would take over the vacant CFO position, substituting the company’s existing interim CFO, Natasha Monk
On October 9th, Chevron announced their intention to produce and market dairy biomethane as a renewable natural gas (“RNG”) transportation fuel in California. Meanwhile and across the country, Michigan regulators began to review permit applications for a new renewable natural gas plant situated on a landfill site as a way to tackle the land mass’ toxic air contaminant emissions. With growth within the renewable natural gas sector proceeding at a breakneck pace, it comes as no surprise that a recent study has forecast the renewable natural gas market size to swell to an annual value of $72.13 billion by 2028, equivalent to a CAGR of 44.0% over the next six years. British-Columbia based natural gas operator, EverGen Infrastructure (TSX.V: EVGN) (OTCQX: EVGIF) in particular has been on the very forefront of the sector’s development within Canada and the world. In early October, EverGen Infrastructure revealed that construction on Phase 1 of their GrowTEC RNG Expansion project was 80 percent complete, whilst simultaneously tracking ahead of schedule. Having acquired a 66 percent shareholding in the Alberta-based agricultural operation earlier this year for a gross consideration of $2.1 million, EverGen has sought to expand GrowTEC’s production capacity – one which had previously seen it capture the methane emanating from upwards of 15,000 tonnes of organic waste annually. The expansion works are now nearing completion, with construction of the injection infrastructure needed to tie the operation’s biogas and power production into the local pipeline network expected to conclude as early as next month (https://ibn.fm/H0F7J). Once complete, the operation is expected to produce and sell approximately 80,000 gigajoules of RNG on an annual basis to FortisBC, with the British-Columbia based gas utility having recently entered into a long-term offtake agreement with GrowTEC. Going forward, EverGen Infrastructure and GrowTEC anticipate adding a further 60,000 gigajoules of RNG to their existing production capacity, taking total production capacity within the operation to 140,000 gigajoules per annum. Chase Edgelow, CEO of EverGen commented in regard to the project, “We are thrilled with the pace at which our team has delivered this project.” He continued, “Phase 1 is tracking ahead of schedule and once commissioned, the project will further contribute to and strengthen our positive cash flow position. Separately and in addition to the development of its GrowTEC project and alongside the operation of its existing production facilities, EverGen Infrastructure also used the opportunity to disseminate a recent and significant management change among its various stakeholders. EverGen announced the appointment of Sean Hennessy as Chief Financial Officer (“CFO”), effective immediately. Prior to his appointment as CFO, Sean had held the position of Vice President, Finance & Controller within the company. “We are excited to add Sean to our executive team,” said Chase Edgelow, CEO of EverGen (https://ibn.fm/XjUiF). “Sean brings extensive financial and strategic experience to EverGen. He has been deeply involved with EverGen since the beginning of this year and this move is a seamless transition to bring our CFO role in-house.” For more information, visit the company’s website at www.EverGenInfra.com. NOTE TO INVESTORS: The latest news and updates relating to EVGIF are available in the company’s newsroom at https://ibn.fm/EVGIF

Correlate Infrastructure Partners Inc. (CIPI) Expanding as Solar Adoption is Projected to Grow by 30% in 2022

  • Correlate’s strategic investments in clean electrification solutions and commercial solar infrastructure have earned the company a growing customer base, and an opportunity pipeline of over $100 million in commercial projects
  • The company recognizes the rise in EV and solar adoption and looks to tap into this growth to increase its revenues, brand equity, and market reach
  • Todd Michaels, the company’s Founder, President, and CEO, acknowledges that “It has never been a better time for [our] business” 
  • With solar and EV adoption set to grow significantly this year, and with the company’s recent acquisition and planned acquisitions, Correlate is set to meet or exceed its revenue targets
Correlate Infrastructure Partners (OTCQB: CIPI), a driver of highly cost-effective solutions for energy use optimization, is looking to capitalize on the growing rate of renewable energy adoption in a move that Correlate management is confident will guarantee the company’s growth. Correlate offers a complete suite of proprietary clean energy assessment solutions for the commercial real estate industry, developing and financing renewable energy projects designed to make these investment properties more efficient, and in a way that is remarkably affordable. With solar energy adoption expected to grow by about 30% in 2022, Correlate looks to benefit greatly from the surge, particularly given its market positioning and how well it has carved out a market share in the United States so far. Also, the company recently closed an acquisition, and is currently working on two more. Over the years, Correlate has invested in infrastructure that offers access to clean electrification solutions focused on locally-sited solar, energy storage, electric vehicle (“EV”) infrastructure, and intelligent efficiency measures. It also has investments in the development tools for the commercial solar industry, investments that have earned the company a growing customer base, and an opportunity pipeline of over $100 million in commercial projects. EV sales are estimated to post a 60% growth in 2022, mainly influenced by the falling cost of new energy technologies and the increasing cost of fossil fuels (https://ibn.fm/BKHWf). In a study published by SP Global, it was noted that in 2022, natural gas prices are 540% higher than they were in 2020. It further noted that the current cost of fossil fuel is four to six times more expensive than the new solar and onshore wind capacity added in Europe in 2021 (https://ibn.fm/UL9Jn). For perspective, while fossil fuel prices have been rising, onshore wind has seen a 59% drop in the cost of adoption. Likewise, offshore wind has seen a 61% decline, while solar energy has seen the highest cost drop at 89%. For electric vehicles, the cost of batteries has sunk by 83%, incentivizing even more people to go electric, hence a spike in EV adoption. Correlate recognizes this market trend and is confident that its market positioning will yield increased customer numbers, an expanded market reach, and the creation of more value for its shareholders. So far, in 2022, the company has landed some key clients, including Continental Envelope, one of the leading independent manufacturers of commercial envelopes in the United States since the 1930s. It has also expanded into the Northeast market with the proposed acquisition of Vermont-based Aegis Renewable Energy. The company has even noted that it anticipates significant growth in the coming months as consumers continue to realize the benefits of increased energy efficiency. “It has never been a better time for our business,” said Todd Michaels, Correlate’s Founder, President, and Chief Executive Officer (“CEO”) (https://ibn.fm/uOk5a). Mr. Michaels has acknowledged the company’s organic growth thus far. He has also expressed his optimism for the company’s future, even as it continues to make significant moves to grow its brand equity and create value for its shareholders. With solar and EV adoption set to grow significantly this year, Correlate is well set to meet and even exceed its revenue targets. For company information, visit the company’s website at www.CorrelateInfra.com, including the following: NOTE TO INVESTORS: The latest news and updates relating to CIPI are available in the company’s newsroom at https://ibn.fm/CIPI

Odyssey Health, Inc. (ODYY) Updates Progress of its Concussion Drug Development Program; Communicating with the FDA for permission to start phase II clinical trial of its PRV-002 Drug Candidate

  • Odyssey acquired IP and all rights to PRV-002, its lead drug candidate for the treatment of concussions, on March 1, 2021, and has since made notable progress in a strategic move to have the drug approved by the FDA
  • Since the acquisition, the company has completed IND enabling studies and all cohorts for Phase I SAD and MAD clinical trials for its lead drug candidate
  • In pre-clinical studies PRV-002 has demonstrated equivalent, if not superior neuroprotective effects compared to related neurosteroids, offering proof of reduced behavioral pathology associated with brain injury symptoms, easily crossing the blood-brain barrier to rapidly eliminate swelling, oxidative stress, and inflammation in the brain
  • Odyssey’s management is pleased with the progress so far, as the drug advances in its clinical and regulatory pathway and, subsequently, tapping into the concussion treatment market projected to be valued at $8.9 billion by 2027
On March 1, 2021, Odyssey Health (OTC: ODYY), a medical company with a focus on unique, life-saving medical products that offer clinical advantages to unmet clinical needs, acquired intellectual property (“IP”) and all rights to PRV-002, its lead drug candidate for the treatment of concussions (https://ibn.fm/u275p). For a condition affecting millions worldwide, Odyssey recognized a significant unmet medical need and set off to offer a viable solution to the problem. Since the acquisition of the rights, the company has embarked on an aggressive push to develop its program and advance its drug candidate through the regulatory process required by the United States Food and Drug Administration (“FDA”). Its key achievements thus far include successfully completing the processes involved with Investigational New Drug (“IND”) applications, which paved the way for safety studies for the Phase I human clinical trial. Odyssey also successfully developed its nanoparticle drug formulation, in addition to filing a patent application on the unique breath-propelled intranasal delivery device. On September 28, 2022, the company announced the completion of all cohorts for its Phase I Single Ascending Dosing (“SAD”) and Multiple Ascending Dosing (“MAD”) clinical trials for PRV-002, with the drug proving safe and well tolerated throughout the trial. The success of these trials paved the way for the next phase of its clinical study, with the company expressing its satisfaction and optimism for what lies ahead. “I am excited to see that Odyssey’s drug was considered safe throughout the Phase I study,” noted Francis Beaudette, a retired Commanding General of the United States Army Special Operations Command. “Now we can start the important work to determine the efficacy of  PRV-002, a much-needed brain injury solution for the military and beyond,” he added (https://ibn.fm/eIbIn). This announcement followed the formation of a Military Advisory Board within Odyssey that brought on board distinguished military veterans who would assist the company in selecting military sites for the Phase II clinical trial, another critical milestone for the company. According to the World Health Organization (“WHO”), approximately 1.3 million people die annually from head injuries in road crashes. In addition, the Journal of Neurosurgery notes that almost 64-74 million people may suffer from a concussion yearly, with the highest cases in Southeast Asian and Western Pacific regions (https://ibn.fm/Y5Oxz). In the sports sector, nearly 1.6-3.8 million athletes suffer from concussions annually, according to the Brain Injury Research Institute. In addition, 10% of all contact sports athletes sustain concussions yearly, yet there is still no viable treatment option for these conditions. In pre-clinical studies Odyssey’s PRV-002 has demonstrated equivalent, if not superior, neuroprotective effects compared to related neurosteroids. This fully synthetic, non-naturally occurring neurosteroid has proven to successfully reduce the behavioral pathology associated with brain injury symptoms such as memory impairment, motor/sensory performance, and anxiety. Most notably, it has been shown to easily cross the blood-brain barrier to rapidly eliminate swelling, oxidative stress, and inflammation in the brain while restoring proper blood flow. The company is currently communicating with the FDA to present findings from its Phase I trial. Phase II trial sites are also being identified, and study design is being created with the site’s medical leadership and the Odyssey Medical Advisors. Odyssey’s management is pleased with the progress, even as it looks forward to FDA approval. It is also looking to tap into the concussion treatment market, projected to be valued at $8.9 billion by 2027, up from $6.9 billion in 2020. For more information, visit the company’s website at www.OdysseyHealthInc.com. NOTE TO INVESTORS: The latest news and updates relating to ODYY are available in the company’s newsroom at https://ibn.fm/ODYY

As Mercedes Sees Market Turning to EVs, Hillcrest Energy Technologies Ltd.’s (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA) Charging Technology Becomes Increasingly Important

  • The IEA sees EV sales hitting a record in 2022 after doubling in 2021 from 2020, while noting the lack of charging infrastructure as an obstacle for adoption
  • Hillcrest Energy has developed a new class of inverters that convert DC output from batteries into AC input used by motors in EVs
  • Hillcrest filed a patent application for new tech that eliminates the need for EVs to require and onboard charger, allowing for faster, anywhere charging
During an interview last week with CNBC’s Jim Cramer, Mercedes-Benz CEO Ola Kallenius said he is seeing the market for luxury vehicles progressively turning towards electric vehicles. The Daimler unit has a corporate goal to have an EV version of every model it makes by 2025 and to be all-electric where possible by the end of the decade. The global transition to phase out internal combustion engines is wonderful for Mother Earth, but it is accompanied by a litany of challenges, including a charging conundrum related to strain on an aging and already overworked electricity grid. The good news is that thanks to companies like Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF), new technology is becoming available as a solution applicable to EVs and other emerging green energy products. According to the International Energy Agency, EV sales are tracking to hit a record high in 2022 after sales doubled in 2021 from 2020. In its Tracking Clean Energy Progress update, the IEA forecast EV sales to comprise 13% of total light duty vehicle sales globally this year. The agency notes that one hang up in EVs becoming a global phenomenon is lack of charging infrastructure availability. A charging station on every corner is what most people envision as the answer. Others are turning to innovation. Hillcrest, which once was a fossil fuel producer from its asset in Saskatchewan, Canada, has made the change into a clean energy technology company, with its flagship product a single high-efficiency inverter architecture for use throughout electrification ecosystems, from renewable energy generation to EV charging and operation. A new class of inverter technology, Hillcrest’s Silicon Carbide (“SiC”) traction inverter technology converts DC (direct current) output from batteries into AC (alternating current) input used by motors. The unique design enables power applications to utilize higher switching frequencies and realize increased traction motor performance and reliability while operating at higher power levels without sacrificing efficiency. The inverter touches all the key points EV makers are seeking reducing battery size and weight, minimizing overall system complexity, and reducing costs. Hillcrest ran its proof of concept technology through the rigors in internal testing earlier this year, releasing two white papers demonstrating the benefits and durability of its inverters.  It’s first traction inverter commercial prototype is expected by the end of the year. Furthermore, Hillcrest in January filed a patent application for a simplified EV charging solution leveraging its inverter tech to provide universal, backward compatible, bidirectional (“V2X”) charging capabilities. In simpler terms, this solution eliminates the need for EVs to require and onboard charger, allowing for faster, anywhere charging at a wide range of power levels. The company hopes to name a launch partner and for proof-of-concept validation next year. Bringing this technology to market could reshape EV charging infrastructure needs. “An EV capable of accessing AC or DC power across a variety of voltage levels in a wired or wireless environment offers a new level of interoperability not currently available. This could dramatically change the way we think about charging infrastructure and broaden the charging options available to drivers now and in the future,” said Hillcrest CTO Ari Berger. EV powertrains are the low hanging fruit for Hillcrest as it moves into the commercialization stage, but applications abound in new markets where efficient use of power and bidirectional charging are the wave of the future. Usage in wind turbines and solar energy systems can help stabilize the existing electrical grid with the added perk of reducing heat buildup in systems, meaning less wear and tear on parts and reduced stain on thermal management components. For more information, visit the company’s website at www.HillcrestEnergy.tech. NOTE TO INVESTORS: The latest news and updates relating to HLRTF are available in the company’s newsroom at https://ibn.fm/HLRTF

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Committed to Facilitating BTC Transactions Worldwide via Lightning Network

  • LQwD is focused on creating enterprise-grade infrastructure to drive bitcoin adoption and, develop institutional-grad services supporting the Lightning Network functionality, transaction capabilities, and bring BTC to scale
  • LQwD Lightning Network nodes include Canada, France, Japan, England, Japan-Osaka, Australia, Italy, Indonesia, Bahrain, South Africa, South Korea, Sweden, Singapore, Hong Kong, Brazil, Germany, India, Ireland, and US-West
  • Currently servicing 17 countries, LQwD plans to increase reach to 24 worldwide by the end of the current quarter
  • The global blockchain market was valued at US $4.67 billion in 2021 and is projected to reach US $7.18 billion in 2022, and then US $163.83 billion by 2029
LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF) is a financial technology company focused on creating enterprise-grade infrastructure to drive bitcoin adoption and develop institutional-grade services that support the Lightning Network’s functionality, transaction capabilities, user adoption and utility, and scale bitcoin. The company’s platform-as-a-solution (“PaaS”), lqwd.tech enables Lightning Network node hosting and channel management and serves as a Liquidity Service Provider (“LSP”) for merchants – allowing for blockchain transactions worldwide. Blockchain was introduced in 2008 and is a digitally distributed, decentralized, public ledger most notably used with cryptocurrencies – but the technology does not facilitate the transaction times necessary to bring it to scale. The Lightning Network, a layer 2 payment protocol atop the blockchain infrastructure, makes blockchain transactions more efficient with faster settlement times and lower fees. LQwD is leveraging the capabilities of the Lightning Network by establishing worldwide payment nodes that facilitate micropayments in 17 countries, intending to reach 24 by the end of the current quarter. The company released its first node in November 2021 and has since increased its payment capacity to over 30 BTC exceeding 300 channels worldwide. LQwD plans to continue leveraging the network’s potential, adding more nodes, channels, and BTC assets to facilitate payments worldwide. LQwD’s current Lightning Network nodes include Canada, France, Japan, England, Japan-Osaka, Australia, Italy, Indonesia, Bahrain, South Africa, South Korea, Sweden, Singapore, Hong Kong, Brazil, Germany, India, Ireland, and US-West. LQwD’s longest node in operation (almost 12 months old), US-West, has a BTC capacity of 6.11051221 (US $117,552.81) and 112 active channels. The node has been connected to 111 additional nodes to facilitate faster payment settlement times with lower fees. The active nodes (and future nodes) will help further the company’s goals to scale the Lightning Network for Bitcoin advancement. Recent updates from 1ml.com, a blockchain explorer offering the ability to search the Lightning Network’s node activity, reported that the Lightning Network had surpassed previous records, reaching a capacity of 4800 BTC (equivalent to approximately US $92 million). The top three countries include the United States (2586 BTC), Germany (370 BTC), and Canada (139 BTC) (https://ibn.fm/TYx6q). The adoption of digital ledger technology by companies looking to secure end-user financial data and identity is driven by the necessity for cross-border transactions, expedient clearing and settlement times, trade financial platforms, digital identity verification, and credit reporting are gaining traction across the market. The global blockchain market was valued at US $4.67 billion in 2021 and is projected to reach US $7.18 billion in 2022. By 2029, growing at a CAGR of 56.3%, the market is expected to reach US $163.83 billion (https://ibn.fm/Cczkb). LQwD plans to leverage its position as a public company to enhance trust in its products and services, easily access capital through the markets, leverage stock as currency for acquisitions, and attract/retain top industry talent. The strategy to scale the market includes offering its PaaS for Lightning Network nodes and payment channels, providing LSP services for merchants, and accumulating Bitcoin as a treasury reserve asset for staking and liquidity. For more information, visit the company’s website at www.LQwDFinTech.com. NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ibn.fm/LQWDF

Reklaim Ltd. (TSX.V: MYID) (OTCQB: MYIDF) Enables Users to Reclaim Online Data; Seeks to Expand Operations Through Acquisition of Multimedia Lists

  • Data Protection has increasingly become a focus around the globe, with the United States and Europe recently agreeing to implement a joint data privacy framework
  • With one small company said to be successfully hacked every 19 seconds, losses attributed to data breaches in the United Kingdom alone amount to over £4 billion per annum
  • Reklaim has centred its business model around enabling users to reclaim their data, delete it or in its stead, monetize it
  • The company recently entered a non-binding letter of intent to purchase US-based Multimedia Lists to expand its top-line revenue and profitability further
In 2004, Philip Cummings pleaded guilty to one of the most significant identity theft cases in the United States. Cummings worked at a desk job at Teledata Communications, Inc. in Long Island, New York, helping companies run routine credit checks. On the day he resigned, Cummings packed up his desk – along with the passwords of 33,000 of the company’s clients. Cummings would go on to sell the sensitive data to criminals who would use it to drain bank accounts and open new lines of credit, with total losses pegged by the Government at upwards of $100 million (https://ibn.fm/KfBlo). While enormous, the scale of losses generated by Cummings’ actions is increasingly trivial in today’s online world. In the United Kingdom alone, one small business is hacked every 19 seconds, with data breaches driven by identity theft reportedly costing the nation over £4 billion in losses every year (https://ibn.fm/cJEGS). It is this growing phenomenon that companies like Reklaim (TSX.V: MYID) (OTCQB: MYIDF) seek to tackle. Reklaim’s creation was a by-product of the ongoing evolution of data privacy and its impact on consumers and companies. The company’s revolutionary system allows consumers to log in to their platform and confirm their identity, unlocking data collected on them that has been bought and sold for years without their explicit consent. At that point, consumers can take control of their data and, if they choose, receive compensation for its use. With consent secured, Reklaim offers the data to Fortune 500 brands, platforms, and data companies, and when sold, the consumer is compensated a fractional share of the revenue. The company also has a privacy SaaS subscription service for privacy-conscious consumers interested in knowing when their data has been breached and who would like to reduce the amount of data leaking from their devices (https://ibn.fm/6NcJi). While data protection is not a novel development – the European Union published its initial data protection rules as far back as 1995 – the use of customer data has become an increasingly integral part of many companies’ commercial operations in recent years. The ongoing move towards restoring customer data privacy and the occasional lack of data availability has resulted in many unintended consequences across businesses. For instance, Meta (formerly Facebook) recently guided that it expected 2022 revenues to decline by $10 billion because of Apple’s changes to restrict user data collection across external applications (https://ibn.fm/cRcC0). Meanwhile, the popular navigation app Waze became less effective in one of the more unexpected outcomes of the COVID pandemic. With fewer drivers on the road during widespread lockdowns, it no longer benefitted from a steady flow of data to feed into its algorithms (https://ibn.fm/aGehT). Seeking to capitalize on the increased global emphasis on data privacy, the desire from consumers to monetize their personal information, as well as growing commercial demands to access consumer-generated insights, Reklaim recently revealed that it had entered a non-binding letter of intent to purchase the assets of US-based data broker, Multimedia Lists (“MML”). The transaction, which is expected to double the revenue of the amalgamated entity post-acquisition immediately, will entail a purchase price determined as a multiple of MML’s EBITDA and will also include a performance earn-out over a four-year term. “MML has several Fortune 500 clients that complement the existing clients and distribution of Reklaim. As privacy legislation and technology changes put the onus on data companies to ensure that clients’ data is compliant, partnering with Reklaim will help MML retain and grow its client base. As we have previously communicated to the market, we have identified a unique opportunity to amalgamate data companies that lack the tools to maintain consent with consumers, and we are excited to accelerate this strategy over the coming quarters,” said Reklaim CEO Neil Sweeney regarding the potential acquisition (https://ibn.fm/wUzCx). For more information, visit the company’s website at www.ReklaimYours.com. NOTE TO INVESTORS: The latest news and updates relating to MYIDF are available in the company’s newsroom at https://ibn.fm/MYIDF

Golden Matrix Group Inc. (NASDAQ: GMGI) Thrives in an Industry Where Content is King

  • Google recently announced the closure of its Google Stadia gaming business, a decision which may have partly been underpinned by the dearth of new gaming titles available on the platform
  • Content has remained a crucial driver of success within the iGaming industry, a factor which Golden Matrix Group have sought to cater to
  • Through their proprietary GM-X turnkey solution, the company provides its licensing partners with access to upward of 10,000 games drawn from over 25 gaming studios
On November 19, 2019, Google made an announcement that was set to potentially change the face of the gaming universe as we know it. Google was set to launch their Google Stadia cloud-based gaming platform, a revolutionary system which bypassed the erstwhile console gaming industry, rather allowing gamers to access their games via streaming across a host of compatible TVs, computers, and mobile devices. However, and whilst the idea was game changing in nature, the execution lagged far behind. Google Stadia recently announced that it would officially shut up shop on January 18, 2023, bringing a close to the internet giant’s push into online gaming (https://ibn.fm/7Z90p). However, a key rationale which may have led to the early closure of Google Stadia may also be the same factor dictating the potential failure or success of the iGaming business – content. A key issue pinpointed as the reason behind Google Stadia’s relative lack of success was the gaming company’s economic model: subscribers to Stadia Pro would be given a handful of games each month that they could access for as long as they had a subscription – similar to PlayStation Plus – whereas the majority of games required a separate purchase. As a result, gamers expecting to benefit from reams of available games were forced to deal with relatively limited selections. The situation was only further exacerbated only 14 months post the launch of the gaming system, when Google decided to shutter its internal game development studio; the company would opt to switch their focus towards building out a gaming content aggregator platform rather than an original content distributor as originally envisioned (https://ibn.fm/kEQky). Whilst Google’s exit from the online gaming space inevitable captured the headlines, it is an iteration of a broader trend affecting the iGaming space – one which has seen new platforms opt towards adopting a white-labelled gaming solution whilst directing their efforts and resources towards marketing and promotional endeavours. Golden Matrix Group (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems, and gaming content, has sought in turn to carve out its own niche within the content aggregation and B2B iGaming space in a move designed to capitalize on the ongoing industry shift. Golden Matrix Group purveys its services to the B2B gaming industry through its proprietary GM-X turnkey solution, a complete software package designed to support online gaming businesses. The white-labelled service provided third party gaming platforms with access to GMGI’s expansive portfolio of over 10,000 games, ranging from online slots, casino table games, live operator games, and more drawn from Golden Matrix Group’s partnership with more than 25 gaming studios. The iGaming space is forecast to deliver record growth in coming years; a recent study by VIXIO GamblingCompliance projected that the combined online gaming sectors within the US could triple in size over the next five years, reaching an annual value of $24.3 billion as of 2026. Considering that growth, a roundtable was recently carrying out, uniting a number of the most influential figures within today’s iGaming marketplace to discuss whether content aggregation remained the most effective manner in which to distribute content within the industry. Whilst roundtable participants touched upon the rise of regulations and compliance within the sector as well as the growing need for content providers to adhere to these changing requirements, they did reaffirm their view on the continued success of the content aggregation model. During the roundtable, Peter Causley, CEO of Lightning Box Games elaborated on the topic: “Content is, of course, still king, however in Europe and the UK at least volume can be considered the queen. This sudden shift to focus on the volume of game releases is in part to combat their shrinking market shares, due to increasing competition, and dwindling revenues from more heavily regulated markets found in the UK and Germany” (https://ibn.fm/B12lE). A key reason speculated as leading to the ultimate demise of the Google Stadia gaming initiative related to the platform’s relative lack of content – a phenomenon spurred on by the closure of its internal gaming studio as well as the dearth of new games on its platform. With over 10,000 games available through its proprietary GM-X gaming solution, Golden Matrix Group for one, has far surpassed its industry competitors in terms of the breadth and dizzying array of content at its disposal. For more information, visit the company’s website at www.GoldenMatrix.com. NOTE TO INVESTORS: The latest news and updates relating to GMGI are available in the company’s newsroom at https://ibn.fm/GMGI

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