IVEMSA Welcomes Furukawa Electric Group to Mexicali During Ribbon-Cutting

IVEMSA Welcomes Furukawa Electric Group to Mexicali During Ribbon-Cutting

Furukawa LatAm Opens 6,000-square meter facility, brings jobs to Mexico with IVEMSA’s guidance

PR Newswire

MEXICALI, Mexico, Dec. 15, 2017 /PRNewswire/ – Furukawa Electric LatAm, with the guidance of Mexico manufacturing consultants IVEMSA, opened its new 6,000-square meter manufacturing facility in Mexicali last Friday, December 8. Furukawa LatAm, a Furukawa Electric Group company that produces products and equipment for indoor and outdoor network infrastructure solutions, worked closely with IVEMSA to select the facility and set up their business entity in Mexico.

IVEMSA president Sergio Tagliapietra attended the new facility’s ribbon-cutting as an honored guest and joined mayor of Mexicali, Gustavo Sanchez, and Furukawa Electric executives at the presidium. Mayor Sanchez welcomed Furukawa Electric to Mexicali and thanked IVEMSA for their continuing efforts to bring more foreign businesses to Mexicali and Mexico. He also recognized IVEMSA’s long history of supporting foreign companies through shelter services and its benefits for Mexicali’s economic development.

The new facility will have two operating units: one to produce fiber optic cables and cordages, and the other to connect and assemble optical equipment, cordages and accessories. Furukawa Electric expects to generate 150 direct and 30 indirect jobs through the new plant in just the first year.

Furukawa selected IVEMSA to guide them throughout the project, a process that took about two years and included numerous visits to Mexicali. IVEMSA advised the company on site selection, helped them navigate the city and explained best-case scenarios for setting up in Mexico. IVEMSA also provided guidance on fiscal, trade compliance and environmental regulations. 

Roberto Durazo, Director of Business Development for IVEMSA said, “We are very proud to support the new Furukawa Electric operations with our hands-on management services. We are offering all our support for ongoing project management, recruiting, HR compliance, trade compliance, logistics coordination, accounting and finance services.”   

Founded in 1982, IVEMSA provides shelter and administrative services to foreign companies that want to move manufacturing operations to Mexico. Based in Mexicali and with six locations throughout Baja and Central Mexico, IVEMSA guides companies through the entire process of establishing and conducting operations in Mexico, including site selection, trade compliance, human resources, recruiting, accounting and environmental health and safety.

For more information on IVEMSA, visit ivemsa.com.

For more information on Furukawa Electric LatAm, visit furukawalatam.com

 

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SOURCE IVEMSA

MYM Submits Confirmation of Readiness for a License Under the ACMPR to Health Canada for Laval, Quebec Facility

MYM Submits Confirmation of Readiness for a License Under the ACMPR to Health Canada for Laval, Quebec Facility

Canada NewsWire

VANCOUVER, British Columbia, Dec. 15, 2017 /CNW/ – MYM Nutraceuticals Inc., (CSE: MYM) (CSE: MYM.CN) (OTC: MYMMF) (the “Company” or “MYM”) is pleased to announce it has submitted the Confirmation of Readiness for a License under the Access to Cannabis for Medical Purposes Regulations (ACMPR) to Health Canada for the Sublime production facility in Laval, Quebec.

The Laval Facility – phase one of the Laval facility is 10,000 sf. Phase two, scheduled to be completed in 2018, will see the growing area expanded to 37,000 sf. This license will enable MYM to manufacture its branded medicinal THC and CBD products. The Laval project is estimated to produce gross sales of $27 million by 2019 with profit estimates of $17 million, based on current per gram prices of $8.50.

“We are delighted to have met our stated target deadline of December 15 for the submission of the Confirmation of Readiness for a License,” said Rob Gietl, MYM CEO. “This submission is a key milestone for MYM and its partners, one of many more to come. We are looking forward to beginning production at the Laval facility and are committed to continuing to build value for the Province of Quebec and our shareholders.”

About MYM Nutraceuticals Inc.

MYM Nutraceuticals Inc. is an innovative company focused on acquiring Health Canada licenses to produce and sell high-end organic medicinal cannabis supplements and topical products.  MYM has two production projects in Quebec that when completed will have over 1.5 million sf of production space. MYM is also a partner in a 1.2 million sf production project (Northern Rivers Project) in New South Wales, Australia. Australia is an exciting new market that has recently legalized medicinal cannabis. To ensure a strong presence and growth potential within the industry, MYM is actively looking to acquire complementary businesses and assets in the technology, nutraceuticals and CBD sectors.  MYM shares trade in Canada, Germany and the USA under the following symbols: (CSE:MYM) (OTC:MYMMF) (FRA:0MY) (DEU:0MY) (MUN:0MY) (STU:0MY).

ON BEHALF OF THE BOARD
Rob Gietl, CEO
MYM Nutraceuticals Inc. 
www.mymarijuana.ca

Keep up to date with MYM on our social media channels:
Twitter: @MYM_Nutra
Facebook: @mymcanada
Instagram: @MYM_Nutra

This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The company disclaims any intention or obligation to revise or update such statements. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company’s Management’s Discussion and Analysis and other disclosure filings with Canadian securities regulators, which are posted on www.sedar.com.

This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither the Canadian Securities Exchange (CSE or CNSX Markets), nor its Regulation Services Provider (as that term is defined in policies of the CSE), accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities law and may not be offered or sold in the “United States“, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements is available.

Investor Relations
Terry Brown
+1-855-696-2261 
terry@mymarijuana.ca

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SOURCE MYM Nutraceuticals Inc.

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Spectrum Solar Plus Storage Project with EnSync Energy Commissioned and Operational in Hawaii

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Spectrum Solar Plus Storage Project with EnSync Energy Commissioned and Operational in Hawaii

Telecommunications headend facility uses SuperModule technology for renewable energy supply

PR Newswire

MILWAUKEE, Dec. 15, 2017 /PRNewswire/ – EnSync, Inc. (NYSE American: ESNC), dba EnSync Energy Systems, a leading developer of innovative distributed energy resources (DERs), announces the full commissioning and live operation of an advanced energy generation, storage and management system at a Spectrum headend facility in Kailua-Kona, Hawaii, as part of a power purchase agreement owned by a leading U.S. infrastructure investor.

Image: EnSync Energy Systems

EnSync Energy’s modular technologies enable greater standardization for similar large-scale telecommunications facilities to increase renewable energy use and implement demand charge mitigation. Spectrum, the consumer brand of Charter Communications, offers a suite of advanced broadband services and is the second largest cable operator in the United States. The project is sited on a headend operations facility, which handles the processing and distributing of broadband data. EnSync Energy designs its systems based on understanding and predictive analysis of the site’s load profile and behavior. Headend and hub facilities have some of the flattest building loads, so EnSync Energy developed this specific system for consistent daily demand.

For Spectrum’s Kailua-Kona facility, the flat load is usually between 90 to 100 kilowatts (kW) and is now being supplied with 400 kW of carport-mounted photovoltaics and two EnSync Energy DER SuperModule™ units. The excess solar energy is stored in the SuperModules’ cumulative 1,008-kilowatt hours (kWh) of lithium ion energy batteries. When on-site solar generation ceases, the system discharges the batteries to provide the facility with energy. The DER Flex™ software and Matrix™ Energy Management hardware, which are housed with the energy storage in a SuperModule standard intermodal container, manage the system’s intelligent features.

The scalable and adaptable structure of EnSync Energy’s solutions are not only flexible to the facility’s changing needs but also replicable on a larger supply chain scale with other headend and hub facilities, facilitating streamlined, homogeneous implementation across building portfolios. The modular design also enabled faster project commissioning, which was completed over seven days.

The system’s hardware and software use an Internet of Things platform to provide visibility into site operations, assess external variables from market price signals to modeled load needs and control the system to ensure the highest value, most reliable power. The Spectrum facility will use the system for various grid service applications including load shifting and demand charge mitigation. By addressing the facility’s renewable energy use, the project will support Hawaii’s goal to achieve 100 percent renewable energy by 2045.

EnSync Energy’s CEO Brad Hansen said, “Headend facilities are a backbone for data and bandwidth support—we’re proud to strengthen their operations with a more sustainable energy backbone. We look forward to supporting telecommunications and other critical operating infrastructure projects as more corporations and industries look to improve the impact of their operations. Our modular solutions are designed to make using renewable energy easy, strategic and effective.”

While the project will not export electricity to the grid, the system infrastructure has the capability to export, providing the facility an opportunity to participate in potential export grid services if offered by the local utility in the future.

About EnSync Energy Systems

EnSync, Inc. (NYSE American: ESNC), dba EnSync Energy Systems (EnSync Energy), is creating the future of electricity with innovative distributed energy resource (DER) systems and internet of energy (IOE) control platforms. EnSync Energy ensures the most cost-effective and resilient electricity, delivered from an electrical infrastructure that prioritizes the use of all available resources, such as renewables, energy storage and the utility grid. As project developer, EnSync Energy’s distinctive engagement methodology encompasses load analysis, system design consulting, and technical and financial modeling to ensure energy systems are sized and optimized to meet our customers’ objectives for value and performance. Proprietary direct current (DC) power control hardware, energy management software, and extensive experience with numerous energy storage technologies uniquely positions EnSync Energy to deliver fully integrated systems that provide for efficient design, procurement, commissioning, and ongoing operation. EnSync Energy’s IOE control platform adapts easily to ever-changing generation and load variables, as well as changes in utility prices and programs, ensuring the means to make or save money behind-the-meter, while concurrently providing utilities the opportunity to use DERs for an array of grid enhancing services. In addition to direct system sales, EnSync Energy includes power purchase agreements (PPAs) in its portfolio of offerings, which enables electricity savings for customers and provides a stable financial yield for investors. EnSync Energy is a global corporation, with joint venture Meineng Energy in AnHui, China, and energy project development subsidiary Holu Energy LLC in Hawaii, and DCfusion LLC, a power system engineering and design, consultancy and policy firm. For more information, visit www.ensync.com.

About Spectrum

Spectrum is a suite of advanced broadband services offered by Charter Communications Inc., a leading broadband communications company and the second largest cable operator in the United States. Spectrum provides a full range of services, including Spectrum TV™ video entertainment programming, Spectrum Internet™ access, and Spectrum Voice™. Spectrum Business® similarly provides scalable, tailored, and cost-effective broadband communications solutions to business organizations, such as business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul. More information about Spectrum can be found at spectrum.com.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “will,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. All statements other than statements of historical facts included in this press release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Examples of forward-looking statements include, among others, statements we make regarding project completion timelines, our ability to monetize our PPA assets, statements regarding the sufficiency of our capital resources, expected operating losses, expected revenues, expected expenses and our expectations concerning our business strategy, forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our historical and anticipated future operation losses and our ability to continue as a going concern; our ability to raise the necessary capital to fund our operations and the risk of dilution to shareholders from capital raising transactions; our ability to successfully commercialize new products, including our Matrix TM Energy Management, DER Flex TM, DER SuperModule TM, and Agile TM Hybrid Storage Systems; our ability to lower our costs and increase our margins; our product, customer and geographic concentration, and lack of revenue diversification; the length and variability of our sales cycle; our dependence on governmental mandates and the availability of rebates, tax credits and other economic incentives related to alternative energy resources and the regulatory treatment of third-party owned solar energy systems; and the other risks and uncertainties described in the Risk Factors and in Management’s Discussion and Analysis of Financial Condition and Results of Operations sections of our most recently filed Annual Report on Form 10-K and our subsequently filed Quarterly Report(s) on Form 10-Q. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Media Relations Contact:
Antenna
Shreema Mehta
ensync@antennagroup.com 
(646) 416-9853

EnSync Energy Media Contact:
Michelle Montague 
mmontague@ensync.com 
(262) 735-5676

Investor Relations Contact:
Lytham Partners, LLC 
Robert Blum, Joseph Diaz, or Joe Dorame 
(602) 889-9700

 

EnSync Energy Systems ((PRNewsfoto/EnSync Energy Systems))

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SOURCE EnSync, Inc.