|By Marketwired .||
|July 16, 2014 09:51 AM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 07/16/14 -- Active Control Technology Inc. (the "Company" or "Active Control") (TSX VENTURE:ACT), today announced that several of the Company's clients, producing coal for their internal Power Generation operations, have divested themselves of their mining operations over the last week. These mines represent the majority of Active Control's ActiveMine revenues. The financial impact of these transactions will be determined over the next 3 - 6 months.
The impact of the United States of America's legislative transition away from coal in American power plants is having an immediate negative impact on coal mining operations and coal prices and is expected to have a negative impact on the business of the Company.
About Active Control Technology
Active Control Technology is a provider in the design, manufacture and marketing of wireless and fiber network solutions for mine communications, mobile power solutions and the commercial security and access control industries. . For more information, visit www.activecontrol.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements: This press release contains forward-looking statements which reflect the Company's current expectations regarding future events. The forward looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. The Company disclaims any obligation to update these forward-looking statements.
So you think you are a DevOps warrior, huh? Put your money (not really, it’s free) where your metrics are and prove it by taking The Ultimate DevOps Geek Quiz Challenge, sponsored by DevOps Summit. Battle through the set of tough questions created by industry thought leaders to earn your bragging rights and win some cool prizes.
Oct. 28, 2016 12:45 AM EDT Reads: 4,252
Oct. 28, 2016 12:45 AM EDT Reads: 1,509
Oct. 28, 2016 12:15 AM EDT Reads: 1,588
Oct. 28, 2016 12:00 AM EDT Reads: 2,164
Oct. 28, 2016 12:00 AM EDT Reads: 627
Oct. 28, 2016 12:00 AM EDT Reads: 1,451
Oct. 27, 2016 10:30 PM EDT Reads: 3,835
Oct. 27, 2016 10:30 PM EDT Reads: 3,083
Oct. 27, 2016 10:30 PM EDT Reads: 542
Oct. 27, 2016 10:30 PM EDT Reads: 9,800
Oct. 27, 2016 10:15 PM EDT Reads: 1,163
Oct. 27, 2016 10:15 PM EDT Reads: 677
Oct. 27, 2016 10:00 PM EDT Reads: 2,113
Oct. 27, 2016 10:00 PM EDT Reads: 2,910
OnProcess Technology has announced it will be a featured speaker at @ThingsExpo, taking place November 1 - 3, 2016, in Santa Clara, California. Dan Gettens, OnProcess’ Chief Analytics Officer, will discuss how Internet of Things (IoT) data can be leveraged to predict product failures, improve uptime and slash costly inventory stock. @ThingsExpo is an annual gathering of IoT and cloud developers, practitioners and thought-leaders who exchange ideas and insights on topics ranging from Big Data in...
Oct. 27, 2016 09:45 PM EDT Reads: 541