|By Marketwired .||
|January 7, 2014 02:00 PM EST||
MONTREAL, QUEBEC -- (Marketwired) -- 01/07/14 -- NovX21 Inc. (the "Corporation") (TSX VENTURE: POI) is pleased to announce that following its annual and special meeting of shareholders of the Corporation held on December 30th, 2013; Pro-Or changed its name to "NovX21" reflecting the approved change of business by shareholders from solely a "mining issuer" to both a "mining issuer" and a "technology issuer". Mr. Andre Boulanger, Me Rene Branchaud, Mr. John LeBoutillier and Mr. Jean-Paul Schaack were nominated as directors of the Corporation. Mr. John LeBoutillier has been appointed Chairman of the Board of the Corporation.
Trading on the TSX Venture Exchange under the new symbol "NOV" will start in the coming weeks.
Description of Change of Name
-- NOV stands for technological inNOVation -- X symbolizes the eXtraction of metals from different sources -- 21 is for an inNOVative technology of the 21st century -- Low energy, low cost, high recovery process
Description of Change of Business
The Corporation (i) completed a Change of Business of the Corporation from solely a "mining issuer" to both a "mining issuer" and a "technology issuer" in accordance with the applicable policies of the Exchange and (ii) changed its name to "NovX21 Inc." in order to reflect the proposed Change of Business.
Pursuant to the proposed Change of Business, the Corporation will develop and implement new industrial patented technologies, including the patented processes, to recover metal from recycled material or ore. More particularly, the Corporation will recycle precious metals from used catalytic converters, thus allowing the transportation industry, mostly automobile manufacturers, to purchase the recycled refined metals to coat new catalytic converters, thus changing the business of the Corporation.
The Change of Business, and certain ancillary matters were approved by shareholders of the Corporation at the annual and special meeting of shareholders of the Corporation held on December 30, 2013 (the "Meeting").
Matters Considered at the Meeting
At the Meeting, shareholder approval was obtained (i) for the Name Change, (ii) for an amendment to the articles of incorporation of the Corporation, (iii) for the New General By-Laws and (iv) for amendments to the stock option plan of the Corporation.
Mr. Sylvain Boulanger and Mr. Yves Lasnier have been re-elected as Directors of the Corporation at the Meeting and Mr. Andre Boulanger, Me Rene Branchaud, Mr. John LeBoutillier and Mr. Jean-Paul Schaack have been elected as directors of the Corporation. Therefore, the board of directors of the Corporation now consists of six directors.
John LeBoutillier, Member of the Order of Canada, has been appointed as Chairman of the Board of NovX21. He is currently Chairman of the Board of Industrial Alliance Insurance and Financial Services Inc. and of Groupe Deschenes Inc., Vice Chairman of TechnoCentre eolien (Gaspesie-Iles-de-la-Madeleine) and a board member of a number of public issuers, such as Mazarin Inc., SEMAFO Inc. and Stornoway Diamond Corporation.
Mr. LeBoutillier was President and Chief Executive Officer of Iron Ore Company of Canada from 1996 to 2000 and President and Chief Executive Officer of Sidbec-Dosco (Ispat) Inc. (currently known as ArcelorMittal Montreal) from 1983 to 1996. He was also a member or board member, as applicable, of many industrial associations at Canadian and international levels, namely the Quebec's Health Review (The Clair Commission) in 2000 and the Canadian Democracy and Corporate Accountability Commission in 2001. Mr. LeBoutillier has a law degree from the Universite Laval in Quebec City and an MBA from University of Western Ontario (currently known as the Richard Ivey School ofBusiness).
Andre Boulanger, MESc, is currently President of Hydro-Quebec TransEnergie, where he manages an electrical network in North America. He was also President of Hydro-Quebec, Distribution Quebec, from 2003 to 2011, where he was responsible for the reliability of the electrical network, its distribution and supply and demand planning for 3.9 million consumers. Prior to such functions, Mr. A. Boulanger was a senior executive at Gaz Metro Inc. from 1983 to 2003. He has been a member of the Institute of Corporate Directors since 2010 and is a board member of Northeast Power Coordination Council Inc. (New York) and Chairman of the board of Cedars Rapids Ltd., as well as board member of the Cancer Institute of Montreal and other economic development and cultural organizations. Mr. Boulanger studied at a doctorate level at the Georgia Institute of Technology (Atlanta, U.S.) and has bachelor's and master's degrees in mechanical engineering from the Universite Laval in Quebec City.
Rene Branchaud holds an LLB from Universite Laval obtained in 1982. He has been a lawyer since 1983 and is a partner of the law firm Lavery, de Billy, L.L.P. He practices in the areas of securities law, mergers and acquisitions and corporate law. Mr. Branchaud serves on the board of directors and is corporate secretary of several public companies. He also serves on several committees of the board of directors, including corporate governance committees and ad hoc committees created for specific transactions (mergers, takeovers). In addition, he advises directors who sit on ad hoc committees.
Jean-Paul Schaack, an MBA retiree since 2007, spent most of his career from 1982 to 2007 in the steel industry with ArcelorMittal Canada or its predecessor companies. As Director of Strategic Planning of that company, he was instrumental in the creation of four joint venture subsidiaries of which he also became a director. Later, as Vice President, he was responsible for the Purchasing and Environment division, where his focus was principally on the efficient purchase and optimal usage of raw materials and energy, during which time he was involved in several due diligence studies and acquisitions. He also sat on the board of industrial associations of energy intensive companies. Prior to joining the steel industry, Jean-Paul Schaack was a consultant for SNC-Lavalin Group Inc., where he participated in numerous feasibility studies on industrial and power projects in Canada and overseas. He obtained his engineering degree from the Ecole des Mines de Paris (France) and a master's degree in management sciences from the University of Waterloo (Ontario).
For further information, reference should be made to the management information circular of the Corporation dated December 2, 2013, a copy of which is available under the Corporation's profile on SEDAR at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
NovX21 operates an industrial prototype plant for the recovery of Platinum Group Elements (Platinum, Palladium and Rhodium or PGMs). The plant is located near Quebec City in St-Augustin-de-Desmaures. Its patented process yields more than 97% recoveries of PGMs, and is not only much less capital extensive but also operates much more rapidly than conventional plants thus dramatically lowering the amount of time that its customers capital is tied up as work-in-process inventory. NovX21's mission is to sustainably recover precious metals by the recycling of end-of-life PGM containing components while meeting global "green" standards for the automobile industry.
NovX21 also holds the mineral rights to six mining properties and has focused its exploration activities on the Menarik property in the James Bay area, in the Province of Quebec, the site of a major chromite deposit with occurrences of gold, nickel, copper and platinum group metals (PGMs). The operation of NovX21's patented and proprietary processes to such deposits may lead to a breakthrough in low cost primary mining metallurgy in the near future.
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Aug. 24, 2016 05:00 AM EDT Reads: 2,038
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
Aug. 24, 2016 04:30 AM EDT Reads: 2,158
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Aug. 24, 2016 03:30 AM EDT Reads: 2,899
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
Aug. 24, 2016 02:45 AM EDT Reads: 1,778
Akana has announced the availability of version 8 of its API Management solution. The Akana Platform provides an end-to-end API Management solution for designing, implementing, securing, managing, monitoring, and publishing APIs. It is available as a SaaS platform, on-premises, and as a hybrid deployment. Version 8 introduces a lot of new functionality, all aimed at offering customers the richest API Management capabilities in a way that is easier than ever for API and app developers to use.
Aug. 24, 2016 02:00 AM EDT Reads: 1,384
Kubernetes, Docker and containers are changing the world, and how companies are deploying their software and running their infrastructure. With the shift in how applications are built and deployed, new challenges must be solved. In his session at @DevOpsSummit at19th Cloud Expo, Sebastian Scheele, co-founder of Loodse, will discuss the implications of containerized applications/infrastructures and their impact on the enterprise. In a real world example based on Kubernetes, he will show how to ...
Aug. 24, 2016 01:45 AM EDT Reads: 1,252
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
Aug. 24, 2016 01:45 AM EDT Reads: 1,849
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
Aug. 24, 2016 01:00 AM EDT Reads: 1,572
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
Aug. 24, 2016 12:45 AM EDT Reads: 2,050
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Aug. 24, 2016 12:30 AM EDT Reads: 1,846
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
Aug. 24, 2016 12:00 AM EDT Reads: 2,803
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
Aug. 23, 2016 11:30 PM EDT Reads: 2,206
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Aug. 23, 2016 11:00 PM EDT Reads: 3,482
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
Aug. 23, 2016 09:15 PM EDT Reads: 1,644
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Aug. 23, 2016 09:00 PM EDT Reads: 2,972