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Cepton, Inc. (NASDAQ: CPTN) Kicks off the New Year; Launches Vista(R)-X120 Plus — Ultra-Slim, Next-Gen Lidar for ADAS and Automotive Driving Applications

  • Built upon its predecessor–Vista-X90 lidar–that is being used in Cepton’s flagship ADAS lidar program with GM and Koito, the Vista-X120 Plus is designed to significantly enhance lidar performance without compromising reliability, size, power efficiency, and cost
  • Vista-X120 Plus advances the company’s vision of enabling safe and autonomous transportation for everyone through mass-market lidar adoption.
  • As a member of the Lidar Coalition, Cepton showcased its new product and a comprehensive portfolio of its lidar solutions at CES 2023, one of the most influential tech events in the world; the company demonstrated its adaptive 3D perception and simulations featuring a Chevy Silverado and a Ford F-150 equipped with Cepton’s latest vehicle integration solutions
Cepton (NASDAQ: CPTN) was one of the firsts to scale lidar for high-volume, multi-vehicle model deployment through our flagship lidar program,” said Dr. Jun Pei, CEO, and Co-Founder of this Silicon Valley innovator of high-performance lidar solutions, as he announced the launch of the company’s latest innovative product – a new game-changing lidar called Vista(R)-X120 Plus (https://ibn.fm/rB4a9). “Utilizing OEM-validated building blocks, the Vista-X120 Plus aims to enhance vehicle safety across all levels of automation. This pathbreaking lidar is positioned to quickly hit the mass market and enable the precision needed for autonomous driving at a safety level that every consumer deserves,” Pei continued as he revealed specifics about Cepton’s new product addition claimed by the company to be the world’s slimmest software-definable, top-tier automotive lidar for real-time adaptive 3D perception (https://ibn.fm/POpek). Building on Cepton’s existing Vista-X90 lidar – an already established, groundbreaking automotive-grade lidar expected to be deployed in the company’s flagship ADAS lidar series production program – the Vista-X120 Plus– aspires to raise yet another bar in the lidar market. With a reported 500% increase in data rate, 30° wider field of view, over 20% reduction in size, and 50% reduction in height – the Vista-X120 Plus appears to be the epitome of everything that matters in lidar manufacturing: safety, autonomy, software definability, and electrification. Designed to encapsulate a diverse range of supreme features, including a software definable region of interest (“ROI”), enabling a dynamic turntable central field of view for focused, adaptive perception. The Vista-X120 Plus seems to bring multiple enhancements – from aesthetics to technical performance (https://ibn.fm/WkiGU). With a footprint that the company claims is as much as 50% slimmer and smaller than the competition enabling better OEM integration and placement options that can seamlessly fit into vehicles’ appearance, Vista-X120 Plus aims to solve some of the consumers’ main pain points when it comes to lidar, such as the size and appearance of the device. Driven to achieve safe and autonomous transportation for everyone, Cepton has been committed to bringing lidar beyond the luxury car market. The Vista-X120 Plus helps bolster Cepton’s vision of enabling safe and autonomous transportation through mass-market lidar adoption. With its embeddable design, extraordinarily compact size, and distinctive features designed to deliver seamless power efficiency and lower manufacturing cost in automotive volumes, it aspires to be a game-changing lidar for everyday consumer vehicles. Cepton is confident that the Vista-X120 Plus can offer top-end performance at lower power consumption and, as such, is ideally suited for ADAS and automotive driving applications, including electrical vehicles. And with a target price point below $500 for volume production, the company believes it is positioned for mass-market deployment. “The Vista-X120 Plus’ upgraded scanning mechanism enables extremely dense point clouds, while simplifying software algorithms for efficient sensor calibration and dynamic perception,” said Cepton’s CTO and Co-Founder, Dr. Mark McCord. “Our proprietary ASIC chip enables optimal signal processing to further maximize lidar efficiency and performance. The tunable ROI helps the vehicle perception better focus on potential hazards across different driving scenarios. In spite of its significantly elevated performance and flexibility, the Vista-X120 Plus consumes less than 18 W of power, which is exceptional for long-range lidars and will be important for integration into electric vehicles,” he concluded. Recognized in the CES 2023 Innovation Award program in the Vehicle Tech & Advanced Mobility category, this groundbreaking lidar was exhibited at CES in Las Vegas, NV, from January 5 – 8, 2023, where interested attendees had an opportunity to watch a live demonstration and learn more about Cepton. As a member of the Lidar Coalition (https://ibn.fm/0zcEY), Cepton showcased its Vista(R)-X120 Plus to demonstrate lidar’s unique potential to enhance safety for drivers and pedestrians. The company used immersive experiences and simulations to feature a Chevy Silverado and a Ford F-150 equipped with the company’s latest vehicle integration solutions that are designed to address real-life driving needs as they combine both near-range blind spot elimination and long-range obstacle detection as well as a self-cleaning system from Koito Manufacturing. For more information, visit the company’s website at www.Cepton.com. NOTE TO INVESTORS: The latest news and updates relating to CPTN are available in the company’s newsroom at https://ibn.fm/CPTN

MetAlert, Inc. (MLRT) In Strong Position Entering 2023 According to CEO Patrick Bertagna

  • MetAlert’s CEO, Patrick Bertagna, while appearing in an interview presented by Sequire Spotlight and hosted by Carmel Fisher, expressed his optimism for the new year while also sharing the company’s recent progress
  • He discussed the company’s core objective- increasing the quality of life, and longevity of people living with Alzheimer’s, dementia, and autism (“ADA”)
  • Bertagna also hinted at potential acquisitions by the company, attributing it to extensive efforts over the past couple of years to clean up its balance sheet
  • He noted that as MetAlert’s revenue per user continues to grow, its margins will increase, ultimately placing the company in a position to uplist

While appearing in an interview presented by Sequire Spotlight, and hosted by Carmel Fisher, MetAlert (OTC: MLRT) CEO Patrick Bertagna discussed the company’s recent progress and how well it is poised to enter the 2023 financial year. Of note was his optimism in the new products launched thus far, such as the patented GPS SmartSole, a hub for collecting and transmitting data to the cloud in real-time, and RoomMate, an alert system that detects and alerts caregivers about patient behaviors, without intruding into their privacy (https://ibn.fm/q8cML).

MetAlert, a developer of personal protective medical equipment and supplies and a pioneer in wearable GPS, human and asset tracking systems, has sought to offer viable solutions to individuals afflicted with Alzheimer’s, dementia, and autism (“ADA”). This commitment has informed its approach and the development of its products that have so far gone beyond location-sensitive health monitoring devices to include Concierge, Artificial Intelligence, and the Telehealth platform that allows access remotely to doctors and other health professionals on an as-needed basis.

According to Bertagna, most of its target market cannot use conventional technologies. Because of that, MetAlert has developed a suite of products and services that allow caregivers to provide excellent care to these patients by quickly and efficiently monitoring where they are and how they are doing, and allowing them to send their medical information to their doctors for easier care.

“It is really about increasing the quality of life, the longevity of people that are challenged,” he noted.

Bertagna also hinted at MetAlert’s possible uplisting, having brought on board a leading figure in the private equity and Mergers and Acquisitions (“M&A”) community. He mentioned that the company has a lot planned for the new year, including acquisitions resulting from extensive efforts to clean up its balance sheet over the past couple of years.

“We spent the last couple of years cleaning up our balance sheet. We got rid of all our variable convertible debt, so our balance sheet looks very clean and healthy,” Bertagna noted.

“We think we are very well poised to enter 2023,” he added.

MetAlert has had an strong start to the new year with its Canadian distributor launch of its SmartSole flagship product. Its management, starting with CEO Bertagna, is confident about the company’s continued prospects. Bertagna is optimistic that, as its revenue per user (“RPU”) continues to grow, its margins will increase, ultimately placing the company in a position to uplist.

For more information, visit the company’s website at www.MetAlert.com.

NOTE TO INVESTORS: The latest news and updates relating to MLRT are available in the company’s newsroom at https://ibn.fm/MLRT

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Is ‘One to Watch’

  • McEwen Mining is an asset rich gold and silver producer with large exposure to copper
  • McEwen Mining CEO Rob McEwen maintains a 17.3% ownership stake in McEwen Mining with a cost base of roughly $220 million
  • McEwen Copper’s Los Azules project is one of the world’s largest and most economically robust underdeveloped copper projects
  • A proposed IPO of McEwen Copper, with its implied market cap of $258 million, could effectively turbocharge the balance sheet of McEwen Mining
McEwen Mining (NYSE: MUX) (TSX: MUX) is an asset rich diversified gold and silver producer in the Americas and has a large exposure to copper through its subsidiary, McEwen Copper, owner of the Los Azules copper deposit in Argentina, believed to be the 9th largest undeveloped copper resource in the world. Led by a management team with a track record of success, MUX owns and operates mines in some of the most prolific gold producing regions in the Americas. In recent months, the company has undertaken strong actions to lower production costs and increase production across its portfolio of gold assets, driving some costs below the industry average. Gold and copper prices are forecast to enter a major uptrend over the next couple years. McEwen Mining is laying the groundwork to capitalize on this opportunity now. Seldom is management so aligned with investors’ interests with a commitment to the company’s success. CEO Rob McEwen maintains a 17% ownership stake in McEwen Mining and a 15% ownership in McEwen Copper with a combined cost base of roughly $220 million. McEwen founded Goldcorp, where he took the company from a market capitalization of $50 million to over $8 billion, and that same vision led MUX to create McEwen Copper. For McEwen Mining shareholders, the company’s 68% stake in McEwen Copper is expected to be a gamechanger, turbocharging MUX by creating the world’s next copper unicorn. McEwen Copper Most mined copper is currently used in infrastructure, with new critical demand emerging for use in the electrification of transportation and the global energy transformation. The price of copper rose from a low of about $2 per pound two years ago to over $4 per pound today, and strong demand is expected to continue to soar. A study by S&P Global, titled The Future of Copper: Will the Looming Supply Gap Short-circuit the Energy Transition?, projects global copper demand to nearly double over the next decade, from 25 million metric tons today to about 50 million metric tons by 2035. Based on current trends, S&P Global projects annual supply shortfalls to reach nearly 10 million metric tons in 2035. McEwen Mining is a 68% shareholder in McEwen Copper, holder of a 100% interest in the Los Azules copper project in San Juan, Argentina, which was ranked the 9th largest undeveloped copper deposit in the world by Mining Intelligence (2022). Its current copper resources are estimated at 10.2 billion pounds at a grade of 0.48% Cu (Indicated category) and an additional 19.3 billion pounds at a grade of 0.33% Cu (Inferred category). McEwen Copper also owns a copper exploration project in Nevada, called Elder Creek. In a 2017 Preliminary Economic Assessment (“PEA”), Los Azules was estimated to have a 36-year life, but indications are that the project could ultimately become an even larger mine, with a longer life, since in the assessment, only 55% of the known copper resources are to be mined. Numerous drill holes have shown strong copper mineralization extending below the PEA pit bottom. Its average annual production for its first 13 years was pegged at 415 million pounds of copper in the 2017 PEA – enough copper to supply 2.2 million electric vehicles per year. In August 2022, McEwen Copper closed its non-brokered, private placement offering of $82 million, after securing a $25 million investment from mining giant Rio Tinto’s technology arm, Nuton LLC. This gives McEwen Copper an imputed value of $258 million, which would give McEwen Mining’s 68% interest a value of approximately $3.70/share. Additional value can be attributed to McEwen Mining’s 1.25% net smelter royalty on both the Los Azules and the Elder Creek projects. “We completed an $82 million financing for McEwen Copper in a very tough equity market. Rio Tinto, the second largest mining company in the world, through its subsidiary Nuton, now owns 9.7% of McEwen Copper, a result of its investment of $25 million,” Rob McEwen stated in a news release. “Also, Nuton is testing the Los Azules copper mineralization to see if it can accelerate and increase copper recoveries. Another of Rio Tinto’s subsidiaries, Kennecott Exploration, signed an option to earn a 60% interest in McEwen Copper’s other copper project, Elder Creek, by spending $18 million on exploration.” The Elder Creek project is prospective for porphyry copper and gold mineralization and is well situated in a district hosting several large copper and gold mines, including Marigold, Lone Tree and Phoenix. Kennecott Exploration will be the operator of the exploration program. McEwen Mining holds a 1.25% net smelter return (“NSR”) royalty on the Elder Creek property. Following the capital raise, McEwen Copper is well-funded to advance its Los Azules Project. Publication of an updated PEA on the Los Azules copper project is planned for Q1 2023. In Q2, an IPO is planned, along with MUX completing a secondary offering, assuming no further private placements in the interim. MUX is strategically reducing its interest to increase its treasury, in order to reduce debt and fund the further development of its gold and silver mines. McEwen Copper currently has an implied market cap of over $258 million, based on its most recently completed financing. However, when its Los Azules copper project is compared with other recent transactions and market valuations of copper projects in the same region, it appears very undervalued. MUX’s management believes its ownership stake in McEwen Copper is not currently reflected in the share price of the company. In fact, it is management’s belief that the combined value of its 68% interest in McEwen Copper, plus its gold mines and portfolio of mineral royalties, represents a share value ranging from a low of $8 to a high of $30 per share. Rob McEwen provides a full breakdown of this valuation estimate in a news release detailing the company’s Q3 2022 results. Gold & Silver Projects
The Fox Complex McEwen Mining owns a 100% stake in the Fox Complex in the heart of a prolific gold district in Timmins, Canada. “When MUX bought the Fox Complex, in late 2017, it was a distressed asset with a history of high operating cost/oz. While it has taken longer than I expected, the cost to produce an ounce of gold is significantly lower,” CEO Rob McEwen stated in a news release. “I am pleased to say that in Q3 our cash cost/oz at Fox fell to $774, our lowest since mid-2018. This is well below the industry average. With our mine operating much more efficiently, our next important area to improve at Fox is the process plant (mill). Specifically, we need to increase the throughput because our mine is now producing more ore than our mill can process. As a result, we have a large surface stockpile of ore equivalent to more than two months of production.” This ore stockpile contains approximately 10,000 ounces of gold representing a potential source of $12 million in free cash flow. Located in one of the most prolific gold production areas in the world, along the Destor-Porcupine Fault Zone within the Abitibi Greenstone Belt, the Fox Complex includes the Black Fox mine and Froome mine which together have, so far, produced in excess of 1,000,000 ounces of gold. Also, it includes the Grey Fox and Stock deposits that have an estimated additional 1,600,000 ounces in reserves and resources. The 2.7-billion-year-old Abitibi Greenstone Belt, formed by ancient volcanic activity, has proved to be one of the world’s richest and most abundant gold regions, boasting total gold content of over 300 million ounces. Full year 2023 guidance for The Fox Complex puts production estimates at 45,000 GEOs, 28% of MUX’s total production. The Gold Bar Mine McEwen Mining owns a 100% stake in the Gold Bar mine located in an area well known for gold production, the southern Roberts Mountains of the Battle Mountain-Eureka-Cortez gold trend in Eureka County, Central Nevada. The Gold Bar mine is on the same geological structure some 25 miles south of Nevada Gold Mines, a joint venture of Barrick and Newmont. This Cortez-Goldrush complex contains estimated reserves and resources of greater than 50 million gold ounces. Its annual gold production is 1,000,000 ounces. Gold Bar had been previously mined, between 1991 and 1994, producing 134,000 gold ounces. MUX built a new facility in 2019. The open pit mine was expected to be a large contributor to MUX’s revenue and gold production, however operating challenges arose that reduced gold production and drove cost/oz unacceptably high. Mining activities have shifted recently to a nearby, satellite deposit called Gold Bar South (“GBS”). Going forward the expectations are higher gold production and lower operating cost/oz as a result of mining a higher ore grade (concentration of gold per ton) and having to move half the amount of material to capture an ounce of gold. “At Gold Bar, we are looking forward to starting to mine our GBS deposit this quarter,” McEwen said in a November 2022 release. “We are expecting to have a much lower cost/oz than our YTD cost because we will be mining higher grade ore at GBS, with half the strip ratio and no problematic carbonaceous material.” The Gold Bar Mine will account for approximately 28% of McEwen Mining’s 2023 total attributable production, with guidance pegged at 45,000 GEOs. Most of Gold Bar production in 2023 will be from GBS. El Gallo/Fenix Project Fenix is the proposed redevelopment plan for McEwen Mining’s El Gallo Complex in Mexico. There is a long history of mining in this region. MUX’s involvement began in 2013 operating it as an open pit, heap leach mine which produced 281,000 gold equivalent ounces at average cash cost of $655 per ounce. However, due to the transition to deeper sulfide mineralization that is not amenable to heap leaching, mining activities ceased in the second quarter of 2018. The redevelopment envisions constructing a mill at the existing mine site that will initially reprocess the existing heap leach material then transition to open pit mining and processing the sulphide mineralization. The company recently acquired a complete process plant on very advantageous terms that has considerably reduced the projected capital requirements for the project. CEO Rob McEwen stated in a news release, “This acquisition has made Fenix more attractive to build and could provide a new long life mine for McEwen Mining.” The initial development approach is to build a mill to reprocess the material on the heap leach pad and produce approximately 17,000 oz of gold annually for eight years. Construction of the Fenix project is expected to be completed by early 2024. Mine San José McEwen Mining is a 49% owner and non-operator of the San José gold and silver mine located in Santa Cruz province, Argentina. This high-grade underground mine has been operating since 2007 and currently has an expected life of six years with a reserve grade of 342 gpt silver and 5.7 gpt gold and a resource grade of 427 gpt silver and 7.0 g/t gold. “The San José mine, where we have a 49% interest, put in a strong quarter and its exploration is continuing to extend its high-grade veins and discover new veins,” McEwen noted in a news release. Production guidance for 2023 for MUX’s 49% is 70,000 GEOs, 44% of MUX’s total production. As a minority shareholder in the mine, MUX equity accounts for its investment in San Jose, and it receives 49% of the dividends from the mine’s free cash flow. Market Outlook Mining stocks took a beating in the wake of the COVID-19 pandemic. However, that could change, as many analysts are now forecasting a gold bull market in 2023. “The operating challenges we faced in recent years have severely damaged our credibility with our shareholders and the market. As a result, few investors have taken a close look recently at our assets,” Rob McEwen said in a news release. “If they did, I believe some would see the potential value that I see today… I believe there is considerable potential value in MUX, and that is a big reason why I have a personal financial commitment of $220 million in MUX and McEwen Copper.” Management Team Robert R. McEwen is Chairman, CEO and Chief Owner of McEwen Mining. He has been associated with the gold industry all his career, with his first 18 years in the investment industry and, since 1990, as CEO of several gold mining companies. He founded Goldcorp and took that company from a $50 million market capitalization to more than $8 billion. He owns 17% of McEwen Mining and is in complete alignment with investors – the cost of his investment in MUX and McEwen Copper is $220 million and he takes an annual salary of only $1. He was awarded the Order of Canada and the Queen Elizabeth’s Diamond Jubilee Award, was inducted into the Mining Hall of Fame, was named an Ernst and Young Entrepreneur of the Year and has Honorary Doctor of Law degrees from York University and Western University. William Shaver is interim COO and a Director of McEwen Mining. He has decades of management and executive experience in mine design, construction and operations. He was a founder of Dynatec Corporation, which became one of the leading contracting and mine operating groups in North America. In 2013, he was recognized as Ernst and Young Entrepreneur of the Year. Most recently, he served as COO of INV Metals. He is a Professional Engineer with a B.Sc. in Mining Engineering from Queens University. Perry Ing is interim CFO at McEwen Mining. He has 25 years of experience in the Canadian mining industry. Over the past 15 years, he has held positions as CFO of Mountain Province Diamonds, Kirkland Lake Gold and McEwen Mining. Prior to that, he worked at Barrick Gold and Goldcorp and started his career in the mining practice at PwC. He has a Bachelor of Commerce from the University of Toronto and is a Chartered Professional Accountant in Canada and Certified Professional Accountant in the U.S. Adrian Blanco S. is the company’s Director – America and Mexico Operations. He has extensive international experience in several industrial sectors and has held executive positions in Mexico, the United States, Peru and Argentina. He joined the McEwen Mining team in 2015 and has led a successful business transformation toward operational discipline, best business practices and financial profitability at subsidiaries Compañia Minera Pangea and McEwen Mining Nevada. He graduated from an Executive Management Program at IPADE and Harvard Business School. Michael Meding is Vice President and General Manager of McEwen Copper. He has over 20 years of international experience, primarily with major mining companies such as Barrick Gold and Trafigura, including extensive experience with project development and operations in Argentina. While at Barrick Gold’s Veladero mine in Argentina, Mr. Meding played a key role in the turnaround, extension of the mine life and subsequent strategic partnering with Shandong Gold. He holds an MBA from Indiana University in Pennsylvania and an MBA from the Leipzig Graduate School of Management in Germany. For more information, visit the company’s website at www.McEwenMining.com. NOTE TO INVESTORS: The latest news and updates relating to MUX are available in the company’s newsroom at http://ibn.fm/MUX

SideChannel Inc. (SDCH) Releases New Product, Enclave(TM), a Zero-Trust Cybersecurity Offering for Small to Mid-Sized Businesses

  • SideChannel uses microsegmentation to reduce risk, enhance productivity, and implement zero-trust networks
  • Going beyond traditional open Hub & Spoke and Mesh models, Enclave(TM) benefits SideChannel customers with faster breach containment, simplified compliance, and kills VPN connections that limit productivity
  • The global cybersecurity market size is projected to grow from $189.9 billion in 2023 to $266 billion by 2027, at a CAGR of 8.9%
SideChannel (OTCQB: SDCH), furthering its mission and vision that cybersecurity should be simple and accessible for small and mid-sized organizations and that they deserve the expertise of an experienced Chief Information Security Officer (“CISO”) at a reasonable cost, has announced the recent release of its new cybersecurity product, Enclave(TM), to implement a “zero trust network.” During the third quarter of 2022, almost 15 million data records were exposed to breaches worldwide – an increase of 37% compared to the previous quarter (https://ibn.fm/G5p6I). One way of preventing breaches is through an added layer of security, a zero-trust network, implemented to require verification from everyone trying to gain access to the network – internally and externally. SideChannel’s Enclave(TM) cybersecurity product reduces risk, enhances productivity, and makes zero trust a reality through microsegmentation. Since a secure network starts with segmentation, Enclave(TM) saves time and money by enabling IT to do what every admin should do, while avoiding the complexity. Enclave(TM) provides a simplified approach to security identity, applications, and networks by seamlessly combining access control, microsegmentation, encryption, and other secure network concepts to create a comprehensive solution. Through SideChannel’s product, IT can easily segment the enterprise network and place the right staff in those segments to direct traffic. With Enclave(TM), SideChannel takes security beyond the traditional open Hub & Spoke and Mesh models and allows for near-limitless micro-segmented networks to operate insulated from one another. The benefits of SideChannel’s product include:
  • Faster Breach Containment – shrinks the attack surface, meaning there are fewer surface areas to search for breaches.
  • Simplifies Compliance – reduces the time to containment by reducing the surface area visible to an intruder. It limits the scope of a post-event search to uncover situational facts.
  • Kill VPN – with remote work becoming a preferred reality, it is becoming increasingly easier to breach data. VPN tunnels slow down networks, and productivity is lost, along with information, making costs go up.
Through extensive use cases, Enclave(TM) enables real-time visibility of network flows, monitoring and reporting, stronger security, and a scalable solution. Built on Nebula, it is built on the open-source microsegmentation framework that powers enterprises but make it accessible and easy for any team. The global cybersecurity market size is projected to grow from $189.9 billion in 2023 to $266 billion by 2027, at a CAGR of 8.9%. The market’s growth is expected to be driven primarily by the increased prevalence of data breaches across the globe, the rise in digitization, and the increase of sophisticated cyber intrusions. North America is estimated to hold the largest market share of the global cybersecurity market based on 2022 data, and Asia Pacific is projected to grow at the highest CAGR during the forecast period (https://ibn.fm/JbBsT). Reports have shown that cyberattacks on small to medium-sized businesses have increased in recent years, primarily because of the expansion of networks across remote and in-office cloud environments, mobile devices, software applications, and third-party suppliers for conducting business. SideChannel is continuing to expand its service offerings, workforce, and customer base – attracting over 20 virtual CISOs to serve across industries including fintech, biotech, healthcare, manufacturing, legal, defense, and technology services. For more information, visit the company’s website at www.SideChannel.com. NOTE TO INVESTORS: The latest news and updates relating to SDCH are available in the company’s newsroom at https://ibn.fm/SDCH

Hillcrest Energy Technologies Ltd. (CSE: HEAT) (OTCQB: HLRTF) Gears up for 2023; Expands Focus to New Products and End Uses of Its ZVS Inverter Technology to De-Risk and Potentially Accelerate Race to Commercial Revenues

  • Hillcrest – an innovative developer of next-gen technologies for EV powertrains and grid-connected renewable energy systems – is looking forward to a promising 2023 as its target market remains buoyant: sale of zero-emission vehicles continues to exceed expectations, and renewables appear on track to become the largest global source of electricity by 2025
  • Aligned with these market developments, the company remains committed to building momentum gained in 2022; looks to expand its focus to include grid-tied applications while maintaining and growing relationships in the automotive sector;
  • Hillcrest eyes engagement with potential customers across multiple sectors, aiming to position itself to secure commitments for commercial revenues by year-end; expects its growing IP portfolio to give a strong boost to the company’s perceived market value and maturing business strategy
Against the backdrop of a strong industry outlook, Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF), a clean technology developer of next-gen technologies for EV powertrains and grid-connected renewable energy systems, appears to be gearing up for another banner year as it released an update unveiling the company’s development and commercialization targets for 2023 (https://ibn.fm/J7IUc). With zero-emission vehicles expected to make up 42% of the 2040 global fleet (https://ibn.fm/MicuM) and renewables now anticipated to become the largest global source of electricity by 2025, Hillcrest looks into expanding across these segments with a view to de-risk and diversify its revenue streams and potentially to accelerate the race to commercial revenues. Due to their efficiency and lower environmental impact, electric vehicles soared in popularity over recent years (https://ibn.fm/8LWdM). As the battery-electric vehicle sales continue to outpace the overall market, 2023 is set to be a watershed year for the sector, with a new milestone fast approaching: 1 million EVs sold in the U.S. this year (https://ibn.fm/frVAr). More and more car makers are adding electric vehicles to their lineup, racing to make electric cars cheaper and more affordable. In 2022, established car manufacturers, including Mercedes, Ford, and General Motors, unveiled dozens of new electric vehicles, with mass production of most of them expected to step up in 2023 and 2024 (https://ibn.fm/3noFF). The auto industry is gushing more than $1 trillion into this historical shift from combustion engines to electric vehicles to provide cleaner and safer transportation. As market penetration and growth for zero-emissions vehicles beat previous expectations, new market opportunities continue to open up for Hillcrest, which the company appears poised to seize as it plans to broaden the focus of its ZVS inverter technology to target both the zero-emission vehicle and renewable energy applications. The company expects the growth pace of the global zero-emission vehicle inverter market to exceed previous projections of 23% CAGR until 2027– in contrast to the total global inverter market which is expected to grow at 5% CAGR over a similar period. As the previous year drew to a close, this developer of transformative power conversion technologies and control system solutions for modern electrical systems, validated its zero-voltage switching (“ZVS”) inverter technology for the EV market that the company intends to use as the launchpad to accelerate its building-block product development approach. After laying the groundwork for success in 2022, Hillcrest now eyes ambitious technology development milestones in 2023, including completing several proof-of-concept tests for solutions the company has been developing, such as a grid-tied inverter, enhanced powertrain solution, and novel multi-level inverter technology. “2023 marks a transitional year in our story, with the focus shifting to the application of our core ZVS inverter technology into new products and end uses. We are expanding our focus to include grid-tied applications while maintaining and growing relationships in the automotive sector,” said Hillcrest CEO Don Currie. “Our near-term objective is to engage up to two additional EV customers and ramp up new customer agreements for our grid-tied renewable energy generation and Energy Storage System (‘ESS’) segments. Combined, we believe these development and commercialization activities will position us well to secure commitments for commercial revenues by the end of the year,” he continued. In 2023, Hillcrest expects its diversified intellectual property (“IP”) portfolio to grow and mature, boasting proprietary firmware and four hardware patent applications. With technical experience and expertise that transcends what most companies possess at that stage and a robust IP foundation, Hillcrest appears to have created a powerful foundation that will continue to advance over the coming year. “Our ZVS inverter technology is setting a new standard of expected performance and efficiency for the next era of power conversion technologies,” said Hillcrest CTO Ari Berger. “We believe the industry-leading advancements we’ve achieved with our core ZVS inverter technology can provide significant, cost-effective efficiency and performance improvements for the rapidly expanding markets for zero-emission vehicles and renewable energy generation and storage systems.” Boasting a world-class technical team and a robust IP portfolio, Hillcrest remains committed to building momentum gained in 2022 as the company continues to work to deliver innovative high-performance power conversion technologies and digital control systems for modern powertrains and grid-connected renewable energy systems. 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

Meeting 2050 Decarbonization Targets is Grounded on Retrofitting Current Spaces, and Correlate Infrastructure Partners Inc. (CIPI) Is Out to Meet the Growing Demand

  • The built environment currently accounts for nearly 40% of the world’s carbon emissions, with the figure expected to double by 2060
  • The current administration has already set the goal of reducing the carbon footprint of the U.S. building stock by 50% come 2035, in addition to meeting the net-zero carbon emissions goals by 2050
  • Experts have pointed to the use of technology as the answer to reducing buildings’ carbon footprint, and retrofitting existing buildings has proven to be a viable way of achieving the carbon goals, which is what Correlate is all about
  • Correlate recognizes the opportunity at hand and looks to capitalize on it to not only push the retrofitting conversation forward but also provide the necessary systems, infrastructure, and services that facilitate these retrofits
Currently, “built environment” (existing buildings) is considered the single largest carbon emitter, way ahead of transportation and agriculture. It accounts for nearly 40% of the world’s carbon emissions, which is expected to double by 2060. Experts point to the use of technology as the answer to this growing problem, replacing legacy systems with smarter, greener ones. Of note is the significant financial upside associated with this move, alongside tenant satisfaction and higher occupancy rates (https://ibn.fm/46UgN). Correlate Infrastructure Partners (OTCQB: CIPI), a tech-enabled development, finance, and fulfillment platform for distributed energy solutions across North America, recognizes the issue at hand and the opportunity that it presents. Its focus is on retrofitting existing commercial buildings with renewable energy solutions, thereby reducing their carbon footprint and overall energy consumption. Through its industry-leading energy solution and financing platform for the commercial and industrial sectors, Correlate is helping to reduce site-specific energy use. It does so while also deploying clean energy generation and energy efficiency solutions at scale, ultimately helping mitigate climate change’s effects. With a significant amount of a building’s energy spent on heating, cooling, and lighting, Correlate is looking to address that with solar energy. Its push for locally-sited solar and energy storage presents an avenue for real estate owners to reduce their reliance on the national grid. It also allows them to achieve massive cost savings from an energy consumption standpoint and improve their net operating income while meeting carbon reduction goals. The growing conversation around building emissions and the advancing recognition of the importance of controlling them presents a significant opportunity for Correlate, and the company is committed to taking advantage of it. “We are excited to be at the forefront of an industry that is at an inflection point, and we are eager to begin working to change the way commercial real estate owners optimize energy assets,” noted Todd Michaels, Correlate’s CEO. “Whether you are a commercial business just starting your ESG journey or a building asset owner looking to advance to digital procurement solutions, we are there to bring you into the modern energy era. Correlate provides the platform that makes energy optimization easy going forward,” he added (https://ibn.fm/CssF6). For more information, visit the company’s website at www.CorrelateInfra.com, including the following: Correlate is uniquely positioned to address a total market of over 5.9 million commercial buildings in the United States. So far, the Biden administration has set the goal of reducing the carbon footprint of the U.S. building stock by 50% come 2035 (https://ibn.fm/ikmH9). This is in addition to the net-zero carbon emissions goals by 2050, which the country is committed to achieving. Retrofitting existing buildings will be integral to achieving these goals, and Correlate is well positioned to push this conversation forward. It is also well-equipped to provide the necessary systems, infrastructure, and services for these retrofits. The demand for these retrofits is rising, and Correlate is out to satisfy it. NOTE TO INVESTORS: The latest news and updates relating to CIPI are available in the company’s newsroom at https://ibn.fm/CIPI

EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQX: EVGIF) is Developing Canada’s RNG Network as RNG Projects Ramp Up Worldwide

  • Many countries throughout the world are incorporating RNG into their carbon-reduction strategy, including China, India, Europe, Canada, and the United States
  • EVGIF is building RNG infrastructure in Canada, starting in British Columbia and moving east with projects in Alberta and Ontario
  • RNG is pipeline-quality gas that is equivalent to natural gas, compatible with existing pipeline networks
  • Expansion of EVGIF’s RNG network is made possible through long-term offtake agreements from Canada’s highly regulated utility companies
Over 110 countries are increasingly moving towards carbon-neutral or carbon-negative energy sources in an effort to meet a net zero emissions target by 2050 (https://ibn.fm/FYPtM). Renewable natural gas (“RNG”) is being presented as part of a global solution as countries throughout the world set targets to incorporate biofuels into their carbon-reduction strategy, including China (https://ibn.fm/U9uyS), India (https://ibn.fm/HqWQj), Europe (https://ibn.fm/M5yWx), and the United States (https://ibn.fm/i51TF). EverGen Infrastructure (TSX.V: EVGN) (OTCQX: EVGIF), a North American RNG leader, is making headway in Canada with three projects in British Columbia and significant investments eastward in Alberta and Ontario. The Company’s efforts are aligned with the Canadian government’s initiatives to lower emissions, including the Net-Zero Emissions Accountability Act that aims to reduce emissions by 40-45% from 2005 levels by 2030 (https://ibn.fm/lMyO1). The RNG infrastructure produces pipeline-quality gas equivalent to natural gas and compatible with the existing pipeline network. Organic waste from farms, landfills, and sewage treatment plants is processed to create a biogas that is refined to biomethane – a fully interchangeable alternative to traditional gas. Besides providing a carbon-negative equivalent to fossil fuels, RNG production additionally creates end-products for other uses, including fertilizer. In addition, RNG production helps reduce methane, hydrogen sulfide, and carbon dioxide gases that otherwise would be released into the atmosphere. EverGen aims to expand RNG production across Canada through a projected infrastructure network comprising 20 facilities within five years. Currently, the Company operates three RNG projects in British Columbia, including Net Zero Waste Abbottsford, Fraser Valley Biogas, and Sea to Sky Soils. Moving east, the Company has a 67% ownership in Alberta-based GrowTEC and a 50% stake in Ontario-based Project Radius. Long-term expansion of EVGIF’s network is made possible through support from Canada’s highly regulated energy sector that provides long-term offtake agreements for energy derived from the Company’s RNG projects. In contrast, the U.S.’s carbon credit-based system generates unpredictable pricing mechanisms that increase risk when building RNG infrastructure over the long term. Based in Vancouver, British Columbia, EverGen’s RNG infrastructure platform is tapping into the power of organic waste to power homes and vehicles across Canada. Starting in British Columbia on the west coast and moving east with projects in Alberta and Ontario, the Company acquires, develops, builds, owns, and operates a portfolio of RNG waste-to-energy and related infrastructure projects with the aim of powering a sustainable future based on renewable energy sources. 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

Mines and Money Miami Conference To Connect Top Global Mining Leaders

North America’s premier mining event, Mines and Money, invites leading CEOs of the mining and investment spectrum to Miami, February 23-24, 2023. The Mines and Money Miami conference will be attended by 700+ attendees with 450+ investors, 80+ mining companies, in addition to several industry service providers. This conference is a huge networking platform where mining companies and aspirants in this field can establish long-term business ties. Eminent investors offering immense opportunities will be attending the event to discover fresh avenues of business. Post-Covid-19, Florida, Miami, has become the main operating business hub for many institutional investors. Further, a huge wealth in the form of significant financial and banking infrastructure has its roots in Miami, particularly retiree / HNWI wealth. And, since the conference is being held on the eve of BMO’s annual client event, it offers the attendees a unique opportunity to be a part of several important business meetings and discussions in a short time. Mines and Money is engaged in raising capital and offering an international floor for the mining community where they can network and have access to quality content. They network, collaborate, and develop long-term business ties. These participants and leaders include top-level executives and managers of mining companies from all levels. Young and aspiring mining companies can harness the potential offered by the event to connect with leading investors and industry professionals from across the globe. Global analysts and mining industries will offer their insights on the current and future trends driving the mining and energy industry. Presentations, panel discussions, keynote sessions, and one-to-one meetings at the event, will ensure that attendees derive the maximum benefits from the Miami Conference. Each year businesses, decision-makers, international mining companies, policymakers, investors, and educators attend Mines and Money conferences to learn, network, and expand their businesses. For those looking to grow their horizons, the Mines and Money Miami will witness leading investors, financiers, and industry professionals from across the globe. The event entails an elaborate networking regime, an exhibition floor, and a tremendous opportunity for the attendees to meet and connect with peers and industry leaders. Each year several businesses and executives establish significant business relationships at the event. A huge platform for raising capital and investments in the mining realm, this event connects the mining community with events taking place in New York, Toronto, and Vancouver. To learn more, please visit https://ibn.fm/zOAUb.

Coyuchi Inc. CEO Eileen Mockus to Discuss Company’s Regulation A+ Offering During Live Webinar on Monday, January 23, 2023

  • Coyuchi earned $33.3 million in net sales in 2021, amounting to 26% YoY growth (in an industry only experiencing 5% YoY)
  • Coyuchi’s is considered the gold standard in sustainable luxury home goods, offering consciously designed bedding, bath, apparel, and lifestyle products spanning approximately 1,400 SKUs – designed for sustainability using 100% organic cotton material and circular practices
  • Coyuchi is currently offering Regulation A+ investment through Manhattan Street Capital
  • Webinar RwSVP

Coyuchi, the gold standard in sustainable luxury organic bedding, sheets, towels, apparel, and other home goods for the environmentally conscious home, is pleased to announce an upcoming dlive webinar with the company’s CEO, Eilween Mockus. During the webinar, Mockus will discuss Coyuchi’s Regulation A+ investment opportunity – which democratizes access to early-stage investment opportunities and allows the company and investors to embark on the next chapter of wsustainable living together. The live webinar will take place on Monday, January 23. (RSVP at: https://ibn.fm/V3AaO).

Manhattan Street Capital is facilitating the company’s Regulation A+ offering (https://ibn.fm/dxcsr). More information is available in its Offering Circular (https://ibn.fm/EfthR).

Eileen Mockus has been the President and CEO of Coyuchi since 2013 when she was elected to the company’s Board of Directors. She has been a veteran of the industry for more than 25 years, with strength in fabric and product development cultivated by brands like PB Teen and Pottery Barn Kids, The North Face, and Patagonia – driven in a sustainability-focused direction by her own commitment to the planet. Mockus also represents the company on the Fiber Council for the Organic Trade Organization and as a member of the Board for Accelerating Circularity, a collaborative industry project formed to establish systems for reducing textile waste.

She is also the board chair of the Chetna Coalition. This ethical textile and fashion value chain community is working to organize and align the demand of buyers and manufacturers to support the growth and development of Chetna’s organic farming community (https://ibn.fm/FBuMW).

The company’s Circular Initiative begins with 100% organic fibers and a traceable supply chain. After customer purchase and use, Coyuchi’s 2nd Home Renewed Take Back(TM) program accepts used linens, which are sent to partners at the Renewal Workshop. These linens are cleaned, checked for flaws, and repaired to be as good as new ones. If the linens are irreparable, they are aggregated for recycling. 2nd Home Renewed(TM) products are available for resale through Coyuchi at a fraction of the cost of new products on the company’s website.

Coyuchi’s product selection consists of consciously designed bedding, bath, apparel, and lifestyle products spanning approximately 1,400 SKUs – each of which fulfills a need in the market for sustainable products. Research has shown a shift in consumer preference toward high-end lifestyle products as a key factor driving the growth of the organic bedding market, which was valued at $836.4 million globally in 2020. The market is expected to grow at a CAGR of 5.1%, resulting in a value of $1.1 billion by 2025 (https://ibn.fm/fyMsx).

Established in 1991, Coyuchi was built upon four foundational pillars: protect the planet, innovate circular design, live sustainably, and enrich the community – which has been driving the company for the last three decades. During this time, Coyuchi has explored organic farming and sustainable textiles using 100% organic cotton, guaranteeing the highest environmental and ethical standards illustrated through several certifications such as The Global Organic Textile Standard (“GOTS”), Fair Trade Certified, and MADE SAFE(R).

Most recently, Coyuchi earned $33.3 million in net sales in 2021, amounting to 26% YoY growth (in an industry only experiencing 5% YoY). The company has also experienced 2x customer growth to 200,000 active customers, averaging a 35% repeat purchase rate.

For more information, visit the company’s website at www.Coyuchi.com.

NOTE TO INVESTORS: The latest news and updates relating to Coyuchi are available in the company’s newsroom at https://ibn.fm/COYU

MetAlert, Inc. (MLRT) Signs Letter of Intent to Acquire TrakTec on Synergistic and Complementary Technologies Set to Offer Short and Long-Term Benefits

  • MetAlert recently signed a Letter of Intent to acquire Florida-based TrakTec in a cash and stock deal worth $4.5 million
  • TrakTec manufactures and sells affordable location awareness technology solutions for consumer, enterprise, and government applications
  • The planned acquisitions will bring on board synergistic and complementary technologies that fit in with MetAlert’s subscription model and existing suite of location-sensitive and tracking solutions
  • The acquisition is also set to offer both short- and long-term benefits, eventually contributing to the company’s efforts to up-list
MetAlert (OTC: MLRT), a pioneer in location-sensitive wearable technology products and human and health monitoring devices, is looking to achieve “some big things” in 2023. Speaking in an interview with Sequire Spotlight published December 28, CEO Patrick Bertagna outlined the company’s strategic plans for 2023 (https://ibn.fm/S0D3z). MetAlert, he explained, is “looking at making some acquisitions, bringing on some new products, and possibly doing an up-list,” with the acquisitions, in particular, intended to align with the company’s existing subscription model and increase the revenue per user (“RPU”). And as the RPU increases, Bertagna continued, the company’s margins and overall revenues will also increase, which “hopefully will put us in a position to up-list.” In what perfectly captures and exemplifies Bertagna’s statement, MetAlert on January 11 announced it had signed a Letter of Intent (“LOI”) to acquire TrakTec LLC, a Florida-based manufacturer and seller of affordable location awareness technology solutions for consumer, enterprise, and government applications, for a consideration of $4.5 million in cash and stock (https://ibn.fm/YKuHt). As detailed in the terms of the agreement, MetAlert will acquire TrakTec’s commercial ready tracking products (iGPS products and SafetyNet(R) Tracking Systems), backend platform and mobile application, active paying subscriber base, and police department contracts, as well as onboard key hires, namely TrakTec’s Board Director, Chief Technology Officer, Head of Marketing, retired police chief, and support staff. “We’re extremely excited about the opportunity to acquire TrakTec,” said Bertagna of the planned acquisition, which is set to close on or before March 17, 2023, subject to the completion of satisfactory due diligence and audits. “We see a lot of synergy and complementary technology that will not only fit right in with our existing subscription business model but also help expand it. We expect to gain several benefits, including additional revenues, subscribers, GPS devices for kids, and a radio-frequency identification (“RFID”)-based tracking product that is approved for federal grant funding, existing police contracts, and certain key hires.” TrakTec’s location awareness technology solutions, which have commercially launched and successfully attracted a consumer and enterprise subscriber base, are designed to offer a range of enhanced monitoring services. The aforementioned iGPS products, for example, include the Wizard GPS Tracking Watch Phone, designed for children, and the Phoenix watch, a GPS-based smart wearable for seniors. On the other hand, the SafetyNet Bracelet is an RFID-based and Bluetooth-based tracking technology used by police departments across the United States to facilitate the police search and rescue of wandering seniors. According to Bertagna, MetAlert anticipates the acquisition will offer both short- and long-term benefits. “Short-term, this will grow our existing subscriber base, increase revenues, and expand our product offering,” he explained. “Longer term, we will have more capability to develop new products, grow the government and police department sales channels, have a sales and support presence on the East Coast, and accelerate the company’s growth as we work toward a possible 2023 up-list to a national exchange. There are several requirements to an up-list, such as having more independent directors, a stronger balance sheet, shareholder equity, etc., all of which this acquisition will help support.” MetAlert and its subsidiaries design, develop, manufacture, sell, distribute, and license global end-to-end hardware, software, and connectivity solutions, personal location and wandering assistive technologies that support two-way tracking (GPS/BLE wearable products), and health data collection and monitoring solutions. These solutions offer convenience for the caregivers of patients worldwide living with Alzheimer’s, Dementia, or Autism (“ADA”), especially given ADA patients are prone to wandering and, in some cases, getting lost. MetAlert primarily targets the ADA market, which comprises over 34 million people (https://ibn.fm/8Wvpn). For more information, visit the company’s website at www.MetAlert.com. NOTE TO INVESTORS: The latest news and updates relating to MLRT are available in the company’s newsroom at https://ibn.fm/MLRT

From Our Blog

Leading Solana Treasury Company Forward Industries Inc. (NASDAQ: FWDI) Authorizes $1 Billion Share Repurchase Program and Files a Resale Prospectus Supplement

November 20, 2025

Forward Industries (NASDAQ: FWDI), a company building and managing a large-scale Solana (SOL) treasury, recently authorized a new share repurchase program and filed a Resale Prospectus Supplement (https://ibn.fm/h8hV2) with the U.S. Securities and Exchange Commission (“SEC”). The share repurchase program permits the company to buy back up to $1 billion of common stock. These repurchases […]

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