Zenlayer Launches Zenlink To Connect Clouds

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Zenlayer Launches Zenlink To Connect Clouds

A new service allows companies to connect cloud providers quickly and easily. This enables businesses to deploy around the world with less latency, greater quality of service, at a fraction of the cost.

PR Newswire

LOS ANGELES, Nov. 25, 2017 /PRNewswire/ — Whether your data traverses the globe or between clouds, there is a business and legal barrier. From a business perspective, different cloud providers have competing goals, so the collaboration of clouds is incompatible.

Zenlayer launches Zenlink to connect cloud service providers.

Governments also regulate the flow information for safety and security reasons. As a result, many governments pay meticulous attention to how information is stored and disseminated. This raises the barriers to entry for companies wanting to expand to sensitive locations.

To overcome the barriers to entry, Zenlayer launched a way to connect cloud servers and data centers around the world, which can be deployed in minutes. The new service is called Zenlink and is now available to all cloud service providers. 

Zenlayer allows companies to connect clouds with different geographic locations as well as different cloud providers. Zenlayer uses a dedicated connection to reduce latency and increase security between data centers. This preserves transfer reliability and enables pay-per-use.

Before Zenlink was introduced, companies would take weeks to provision their cloud infrastructure, which would incur heavy service fees to maintain. Now companies can connect their clouds instantly and seamlessly with Zenlink.

To learn more about Zenlink, contact Oliver Leung at oliver.leung@zenlayer.com to arrange a private meeting.

About Zenlayer

Zenlayer enables companies to quickly deploy and manage their global infrastructure so that they can globalize their business within minutes. Zenlayer provides hosting and software defined networking services, including bare metal servers, SD-WAN, and edge computing. Zenlayer was founded in 2014 and have expanded to 77 data centers across six continents. Zenlayer is headquartered in Los Angeles and Shanghai with offices in Singapore, Beijing, Shenzhen and Hong Kong. At Zenlayer, we believe in powering a better connected world.

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SOURCE Zenlayer

Rap Riderz Innovation Centre brings Robots, 3D Printing, and Virtual Reality to Aurora, Ontario

Rap Riderz Innovation Centre brings Robots, 3D Printing, and Virtual Reality to Aurora, Ontario

Canada NewsWire

The world is changing before our eyes, come experience the future and learn about new and innovative technologies.

AURORA, ON, Nov. 24, 2017 /CNW/ – On November 25th, between 1:00 – 6:00pm Rap Riderz Innovation Centre officially opens for business in Aurora, Ontario. This cutting edge think-tank is focused on engaging kids and adults for the purpose of tapping into their creativity, showcasing artistry and innovating to produce new products and solutions for the future.

Rap Riderz Innovation Centre brings Robots, 3D Printing, and Virtual Reality to Aurora, Ontario (CNW Group/Rap Riderz)

At Rap Riderz Innovation Centre, people will experience new technologies like 3D Printing, Virtual Reality, and life-sized Service Robots. The crown jewels of the Innovation Centre are monthly Rap Sessions. Small groups of people can join workshops, seminars and hands-on training sessions in areas such as Software Development (Coding), Electric Cars, Gaming App Development, Design Thinking, 3D Printing etc… Community members are also encouraged to celebrate their special occasions through private event bookings for birthday parties, strategy sessions and team building.

When asked to explain the meaning of Rap Riderz, Chief Technology Officer, Ian McGowan explains that a rap is what occurs when one strikes a surface with an audible blow to attract attention. Riderz are people focused on progressing and transforming at great speed.” 

McGowan’s vision for Rap Riderz Innovation Centre is to build an incubator for progressive people (of all ages) that wish to make an impact on society by bringing their new ideas, methods and products to life.

The Rap Riderz Innovation Centre will also retail products at its onsite emporium and McGowan encourages residents to check out their vast inventory of ride-on cars, personal and commercial service robots, and exclusive Street Wear designs like Aurora’s own Rogue Outsider by Marcus X.

Come explore the 4D Virtual Reality amusement experience and learn more about the role of technology in our everyday lives. Meet Lolita, Sanbot Elf and many more Robots and open your eyes to the wonders of Artificial Intelligence. Visitors can also discover what it takes to develop software applications and build fully functional electric cars and motorcycles.

Rap Riderz is where innovation, creativity and artistry connects you to new pathways and possibilities.

About Rap Riderz:

Rap Riderz is an Innovation Centre for kids and adults where creativity, artistry and innovation interconnect in powerful ways you never imagined. Rap Riderz launches November 25th at 1pm and regular hours of operation are Tuesdays to Saturdays 10am to 6pm and Sunday, 11am to 6pm.

SOURCE Rap Riderz

View original content with multimedia: http://www.newswire.ca/en/releases/archive/November2017/24/c3137.html

3tl Technologies Corp. Announces 2017 Third Quarter Financial Results

3tl Technologies Corp. Announces 2017 Third Quarter Financial Results

Canada NewsWire

VANCOUVER, Nov. 24, 2017 /CNW/ - 3tl Technologies Corp.  (TSXV: TTM)(OTCQB: TTMZF) (the “Company” or “3tl”) announced its financial results for the third quarter ended September 30, 2017.  The financial statements and management discussion and analysis for the quarter ended September 30, 2017 are available on SEDAR.

The Company’s performance highlights for the three months and nine months ended September 30, 2017:

  • Revenue increased by 51% to $921,774 compared to the nine months ended September 30, 2016.
  • Gross margin as a percentage of revenue for the three and nine months ended September 30, 2017 was 70% and 68%, respectively, compared to 55% and 70% for the three and nine months ended September 30, 2016.
  • Increased the average value of license agreements including the signing of multiple long-term (1 and 2 years) agreements.
  • Launched version 3.0 of PLATFORM3 which leverages Machine Learning and Artificial Intelligence (AI) to retarget consumers based on purchase habits and frequency. AI capabilities have been integrated into two new modules of PLATFORM3 3.0 – Targeted Couponing and Shopper Messaging and Retargeting. These developments were the result of experience and feedback aggregated from working with some of the largest CPG companies in the world and millions of consumers.

Subsequent to the third quarter, on November 20, 2017 the Company completed a private placement of 11,211,834 units for gross proceeds of $1,177,243

In 2017 year-to-date, 3tl has 34 agreements that will generate approximately $1,500,000 in total revenues with approximately 70% of those revenues to be recognized in 2017, compared with revenues of $665,728 for the year ended December 31, 2016:

“In 2017 our team has grown revenues driven by repeat business and longer term agreements with leading U.S. based brands.  The recently closed financing will enable us to accelerate sales growth by hiring some key sales people, who have relationships and expertise with major consumer goods brands,” said Rob Craig, CEO of 3tl Technologies Corp. “This has been done while continuing to invest in R&D which has resulted in the release of our first artificial intelligence (AI) based modules. These modules enable CPG brands to automatically retarget consumers base on purchase behaviour.. This powerful new technology has extended our value proposition allowing us to gain further traction in the U.S. market as evidenced by new and repeat business from leading brands and ad agencies and longer term Software-as-a-Service (SaaS) license agreements.”

RESULTS OF OPERATIONS

Revenue for the three months ended September 30, 2017 increased by 35% to $362,518, and revenue for the nine months ended September 30, 2017 increased by 51% to $921,774, compared with the same periods in 2016. The PLATFORM3 product is an integrated suite of digital marketing applications sold as SaaS for short-term promotions or on an annual subscriptions basis with recurring revenues. Revenue in the year reflected recognition of revenue from previous year contracts and new sales of the PLATFORM3 product offering.

Gross margin as a percentage of revenue for the three and nine months ended September 30, 2017 was 70% and 68%, respectively, compared to 55% and 70% for the three and nine months ended September 30, 2016. Gross margin as a percentage of revenue depends on the product mix for the reporting period.  Revenues are comprised of higher margin sales of PLATFORM3, the Company’s proprietary Software as a Service product combined with some lower margin third party services.  In 2017, 3tl launched an API connection to third party digital rewards platforms. This service enables 3tl clients to offer digital rewards such as gift cards, movie tickets and virtual visas to incentivize purchase and purchase frequency. 3tl will purchase these rewards on behalf of the Company’s clients and charge a 15% transaction fee for the total amount of rewards purchased. Cost of sales also includes the cost of servers to host PLATFORM3, and project management and customer support staff.

General and administrative expenses for the three and nine months ended September 30, 2017 increased by 23% and 29% to $227,817 and $889,592, respectively, compared to $184,527 and $691,805 for the three and nine months ended September 30, 2016. The increase was due to general office and other expenses including investor relations.

Sales and marketing expenses for the three and nine months ended September 30, 2017 increased by 0% and 19% to $207,826 and $644,053, respectively, compared to $207,233 and $539,111 for the three and nine months ended September 30, 2016. The increase was mainly due to increased salaries and wages, and consulting fees paid in connection with sales and marketing activities.

Research and development expenditure for the three and nine months ended September 30, 2017 decreased by 1% and increased by 21% to $89,618 and $304,094, respectively, compared to $90,909 and $250,358 for the three and nine months ended September 30, 2016. Research and development expenses increased for the nine months ended September, 2017 compared to the nine months ended September 30, 2016 as improvements were made to improve PLATFORM3. The costs recorded in 2016 relate to improvements to PLATFORM3. Research and development expenses may increase in the future as the Company seeks to evolve and improve PLATFORM3, as well as to invest in creating new technology and products that will enhance the Company’s value proposition to customers and provide additional revenues. Research and development expenses include wages and salaries and consulting fees.

Share-based compensation for the three and nine months ended September 30, 2017 was $48,666 and $66,165, respectively compared to $62,271 and $211,704 for the three and nine months ended September 30, 2016. The share-based compensation expense is a result of stock options that vested during the period for stock options granted to employees, directors and consultants in the current and prior periods.

Net and comprehensive loss for the three and nine months ended September 30, 2017 decreased by 18% and 0% to $315,166 and $1,259,803, respectively, compared to $395,264 and $1,263,017 for the three and nine months ended September 30, 2016. This increase was mainly due to the increase of operating expenses.

As a result of the 10 for 1 consolidation of the Company’s common shares effective in May, 2017, on November 23, 2017 the Company’s board of directors, subject to shareholder and TSX Venture Exchange (“TSXV“) approval, approved the re-pricing of a total aggregate of 564,000 options granted to certain Insiders and non Insiders of the Company to purchase common shares of the Company (“Options“), to an amended exercise price of i) the higher of $0.17  and ii) the closing market price of the Company’s Common Shares at the date Shareholder approval, is obtained (the “Re-Pricing“).  The closing price of the Company’s common shares on the TSXV on the date of Board approval to the Re-Pricing, was $0.165

Pursuant to the policies of the TSXV, the re-pricing of options held by Insiders is subject to disinterested approval.  Shareholder approval will be sought at the Company’s upcoming Annual General Meeting (“AGM“) to be held on December 22, 2017 to the re-pricing of a total of 510,000 Options issued to Insiders of the Company.  The Re-Pricing of the Options held by Insiders is subject to the approval of a simple majority approval of the Company’s shareholders excluding votes attached to shares beneficially owned by Insiders to whom options may be granted under the Company’s stock option plan or associates of such persons.  If such approval is obtained the Re-Pricing remains at the discretion of the board of directors.

The Re-Pricing of the Options will be submitted for TSXV approval shortly after the Company’s AGM.   Prior to the Company’s receipt of TSXV and shareholder approval, none of the Options may be exercised at the revised price.

Subsequent to September 30, 2017, the Company released the remaining 1,147,300 shares held in escrow on November 7, 2017. Subsequent to that date, there are no escrow shares outstanding.

On November 20, 2017 the Company completed a private placement of 11,211,834 units for gross proceeds of $1,177,243.  Each unit consists of one common share in the capital of the Company and one-half of a share purchase warrant. Each warrant entitles the holder to purchase one additional common share in the capital of the Company at a price of $0.20 per Warrant Share for a period of two years from the closing of the offering. The Company is entitled to accelerate the expiry date of the warrants to the date that is 30 days following the date a news release is issued announcing the accelerated expiry date in the event that the volume weighted average price of the Shares has been greater than $0.40 for any ten consecutive trading days after four months and one day after closing of the Offering.

About 3tl Technologies Corp.
PLATFORM³ is a Software as a Service (SaaS) consumer marketing platform. It enables Consumer Packaged Goods (CPG) companies and consumer brands to engage shoppers through their mobile device and influence their purchasing decisions. PLATFORM³ encompasses proprietary consumer engagement strategies and technology modules including optical character recognition (purchase receipt scanning), digital promotions, purchase data mining, loyalty and rewards.  CPG companies and major retail brands use PLATFORM³ to influence and incentivize shoppers to interact with their brand and make purchases in-store and online.  

For more information, visit 3tltechcorp.com.

For additional information about the company please visit www.sedar.com.  The TSX Venture Exchange Inc. has in no way passed upon the merits of the transaction and has neither approved nor disapproved the contents of this press release.  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.  This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors – including the availability of funds and the results of financing efforts, – that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time on SEDAR (see www.sedar.com).  Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.  The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 

SOURCE 3tl Technologies Corp.

View original content: http://www.newswire.ca/en/releases/archive/November2017/24/c7216.html