LONDON–(BUSINESS WIRE)–Newlands Property Group Limited (NPGL) has successfully acquired Equites Property Fund’s (JSE:EQU) interests in the Equites Newlands Group Limited development platform. This phased acquisition encompasses the following key steps:

1. Acquisition of Special Purpose Vehicles: NPGL has acquired SPVs holding interests in logistics development projects located in Cambridge, Rushden, Junction 16 (Northampton), and Junction 24 (Nottingham).
2. Granting of an Option: NPGL has secured an option to acquire all shares in the SPV that holds an interest in a development project near Thrapston, Northamptonshire.
3. Additional SPV Acquisitions: NPGL will acquire SPVs with interests in projects near Egham, Peterborough, and Goldthorpe, contingent upon meeting specified conditions.

Meanwhile, the development projects near Newport Pagnell, Basingstoke, and Coton Park remain under the joint control of NPGL and Equites Property Fund.

NPGL, a joint venture formed in March 2024 by the management of Newlands Developments and Forum Partners, is a fully integrated platform that will drive the acquisition, development, operation, investment management, and property management of logistics and industrial projects across the UK, with a strategic focus on the Midlands and the South East of England. This partnership builds on Forum Partners’ previous investment in Roxhill Developments, Newlands’ predecessor platform.

Russell Platt, CEO of Forum Partners, commented: “We are thrilled to complete this phase of our investment in Newlands Property Group. This acquisition strengthens our relationship with the Newlands team, allowing them to secure strategic assets from their previous partner, Equites. The agreement also sets favorable terms for three projects where Newlands and Equites will remain co-investors. With one of the largest land banks of strategic logistics sites in the UK, Newlands is well-positioned to capitalize on current market dynamics.”

Graham Pardoe, CEO of Newlands Developments, added: “We are thrilled to have partnered with Forum once again to acquire these strategic land options and development sites. Our experienced team is on the verge of bringing key logistics sites to market. With our extensive land bank, we are well-positioned to meet growing demands and drive further significant investment into the logistics sector.”

About Forum Partners:

Forum Partners is a global investment manager focused on investing in real assets and best in class real estate companies. Since its establishment in 2002, Forum has deployed approximately $7.7 billion of capital across 24 countries and over 100 investments. Forum operates regional offices in North America, Europe, and Asia Pacific.

About Newlands Developments:

Newlands Developments is a leading developer and operator of industrial and logistics projects across the UK. Founded in 2018 by the former senior management team of Roxhill Developments, Newlands management has delivered over 37 million square feet of space for blue-chip clients such as DHL, Howdens, Nestlé, H&M, Amazon, and Evri. Their current pipeline includes 15 million square feet of prime logistics space across more than 10 UK projects.

Contacts

Nancie Wilson

Investor Relations

Forum Partners

Nancie.Wilson@forumpartners.com

AUSTIN, Texas, SAN FRANCISCO & ONTARIO–(BUSINESS WIRE)–Serent Capital, a growth-focused private equity firm investing in founder-led B2B SaaS and technology companies, announced today that its portfolio company, Book4Time, a leading provider of spa management SaaS software, has been acquired by Agilysys, a global leader in hospitality software solutions and services.

Book4Time’s innovative cloud-based platform has established itself as a premier solution for hotel and resort spas, enabling operators to manage appointments, staff, and inventory seamlessly while enhancing the guest experience and providing comprehensive corporate reporting. Founded in 2004, Book4Time has become the go-to choice for leading wellness hospitality organizations and is trusted by customers in over 100 countries. Serent Capital’s strategic growth investment in 2020 was instrumental in supporting Book4Time’s continued expansion and extending its global reach.

“Our partnership with Serent has been pivotal in enabling us to scale our operations and enhance our product offerings. Their strategic guidance allowed us to better serve our clients and solidify our leadership in the wellness hospitality industry. We are grateful for their collaboration and look forward to continuing our journey of innovation in the hospitality industry as a part of Agilysys,” said Roger Sholanki, CEO of Book4Time.

“From the beginning, we recognized Book4Time’s potential to revolutionize spa management technology. It has been rewarding to see them expand their global reach and deliver exceptional client experiences. We look forward to watching the continued growth and success of the merged business unit in the hospitality industry.” said Lance Fenton, Partner at Serent Capital.

Serent Capital has a robust track record in the hospitality market, having invested in over 15 hospitality tech companies in the last decade. To learn more about Serent’s partnership with hospitality companies, visit Serent Capital Hospitality and Travel.

About Serent Capital

Serent Capital is a growth-focused private equity firm investing in capital-efficient, B2B SaaS and technology companies. From its founding, Serent set out to build a distinctly different firm that prioritizes founders and their companies and provides true hands-on resources through its 25+ person Growth Team. Serent’s in-house Growth Team is equipped with a wide range of resources to help companies accelerate growth, including strategic and operational support to drive revenue generation, assistance in building a top-tier executive team, guidance for transformative M&A, and a community of 400+ founders and operating executives. With $5 billion of assets under management, the firm has partnered with over 60 founder-led, industry-changing companies and offers unparalleled hands-on operational support. Discover how Serent Capital is fueling the growth of innovative companies across a range of industries at www.serentcapital.com.

About Book4Time

Book4Time is the global leader in spa management software and ancillary revenue for the hospitality industry. As the leading enterprise SaaS technology in the hospitality wellness industry, Book4Time manages the end-to-end guest experience for international hotels, resorts, casinos, golf and private member clubs in more than 100 countries worldwide. Based in Ontario, Canada, Book4Time is the first cloud-based software for the wellness industry to provide a centralized multi-location platform. With 60+ hotel system integrations, Book4Time publishes new updates every 4-8 weeks, has the industry’s highest uptime at 99.99%, supports 15 languages and delivers LIVE 24/7 phone and email support through strategically located global customer support centers. Book4Time is Hotel Tech Customer Support certified. www.book4time.com

About Agilysys

Agilysys exclusively delivers state-of-the-art software solutions and services that help organizations achieve High Return Hospitality™ by maximizing Return on Experience (ROE) through interactions that make ‘personal’ profitable. Customers around the world use Agilysys Property Management Systems (PMS), Point-of-Sale (POS) solutions, Food & Beverage Inventory and Procurement (I&P) systems and accompanying hospitality ecosystem solutions to consistently delight guests, retain staff and grow margins. The Agilysys 100% hospitality customer base includes branded and independent hotels; multi-amenity resorts; casinos; property, hotel and resort management companies; cruise lines; corporate dining providers; higher education campus dining providers; food service management companies; hospitals; lifestyle communities; senior living facilities; stadiums; and theme parks. www.agilysys.com

Contacts

Sam Whitford

sam.whitford@serentcapital.com

TORONTO–(BUSINESS WIRE)–DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST (TSX: DRR.U and TSX: DRR.UN) (“Dream Residential REIT” or the “REIT”) today announced its August 2024 monthly distribution in the amount of US$0.035 per unit (US$0.42 annualized). The August distribution will be payable on September 13, 2024 to unitholders of record as at August 30, 2024.

About Dream Residential REIT

Dream Residential REIT is an unincorporated, open-ended real estate investment trust established and governed by the laws of the Province of Ontario. The REIT owns a portfolio of garden-style multi-residential properties, primarily located in three markets across the Sunbelt and Midwest regions of the United States. For more information, please visit www.dreamresidentialreit.ca.

Contacts

For further information, please contact:

Dream Residential REIT

Brian Pauls
Chief Executive Officer

(416) 365-2365

bpauls@dream.ca

Derrick Lau
Chief Financial Officer

(416) 365-2364

dlau@dream.ca

Scott Schoeman
Chief Operating Officer

(303) 519-3020

sschoeman@dream.ca

TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office” or the “Trust”) today announced its August 2024 monthly distribution of 8.333 cents ($1.00 annualized) per REIT Unit, Series A (“REIT A Units”). The August distribution will be payable on September 13, 2024 to unitholders of record as at August 30, 2024.

Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with over 3.5 million square feet owned and managed. We have carefully curated an investment portfolio of high-quality assets in irreplaceable locations in one of the finest office markets in the world. For more information, please visit our website at www.dreamofficereit.ca.

Contacts

For further information, please contact:

Michael J. Cooper

Chairman and Chief Executive Officer

(416) 365-5145

mcooper@dream.ca

Jay Jiang

Chief Financial Officer

(416) 365-6638

jjiang@dream.ca

• The strategic acquisition supports Infogrid’s vision to optimize building operating budgets while advancing the industry’s path to decarbonization.
• As commercial real estate moves beyond data monitoring and reporting to action and automation, Buildings IOT’s adaptive buildings technology makes it faster and easier for clients to realize energy, carbon, and cost savings.
• Infogrid will integrate Buildings IOT’s automated demand management, advanced fault detection, and grid interactivity offerings into its product suite, creating a one-of-a-kind solution for customers at scale across their portfolios.

WASHINGTON–(BUSINESS WIRE)–Infogrid, the building intelligence and analytics company leveraging AI and data to curb the impact of the global real estate sector on the planet, today announces its acquisition of Buildings IOT’s market-leading adaptive buildings technology. This strategic move will enhance Infogrid’s ability to deliver autonomous actions that optimize building efficiency and generate significant energy, carbon, and cost savings for clients at global scale, leading the industry in a transition from pure analytics to genuine building automation.

The commercial real estate landscape is rapidly evolving, driven by the need to meet stringent net zero targets, increased regulation, fluctuating electricity costs and grid conditions, and changing patterns in space usage as the world embraces hybrid working. Adding to these pressures are widespread workforce shortages in skilled building engineering staff, making the integration of automation and AI into building operations more critical than ever.

Infogrid and Buildings IOT have long shared a vision of transforming building operations through data and automation. The unique combination of their technologies will provide a significant advantage to real estate and facilities management organizations navigating current market dynamics. The addition of Buildings IOT’s automated demand management, advanced fault detection and diagnostics, and grid-interactive capabilities will strengthen Infogrid’s suite of energy analytics products, helping building owners and operators ensure their properties are operating at peak efficiency by proactively incorporating grid conditions and automating consumption- and demand-reducing measures. These innovations enable clients to see quicker time-to-value, maximize energy and carbon reductions while optimizing for costs and comfort, and mitigate operating expenses – all while doing more with less.

Infogrid CEO Kate Henningsen said, “This technology acquisition marks a pivotal moment in our mission to transform the built environment with technology that is as good for the planet as it is for the bottom line. By integrating Buildings IOT’s adaptive buildings capabilities with Infogrid’s suite of energy data and analytics tools, we can offer our clients unprecedented capabilities in automation that help them realize energy, carbon and cost savings faster and more easily than ever before. The combined technology represents a new milestone for real estate and facilities teams seeking to reduce their environmental impact and operating budgets at scale.”

“Buildings IOT was founded with the mission to revolutionize the way buildings operate,” added Buildings IOT CEO Brian Turner. “Combining the Infogrid and Buildings IOT technologies will be essential in aiding the built environment’s shift to low carbon and making significant strides towards decarbonizing operations.”

12 members of Buildings IOT’s US- and Canada-based team will join Infogrid as part of the acquisition as Infogrid looks to incorporate the Buildings IOT solution into its technology stack. Infogrid will maintain its corporate headquarters in Washington, D.C. and London.

To learn more about the services on offer, visit www.infogrid.io and www.buildingsiot.com.

About Infogrid:

Infogrid is a data and analytics company on a mission to make every building smarter, more efficient, and more sustainable. Recently ranked in the top 10 tech companies leading the charge on climate action, it offers an AI-powered suite of products that empower real estate teams to reduce costs, decrease time spent on routine work, and find and act on opportunities to save energy and carbon. Discover how Infogrid’s solutions can unlock the potential of your assets and accelerate the transition to net zero. Visit us at www.infogrid.io to learn more.

Contacts

Zoe Williams

Director of Marketing, Infogrid

zoe.williams@infogrid.io

DALLAS–(BUSINESS WIRE)–Hyphen Solutions, the leading provider of cloud-based residential construction management software, proudly announces the launch of its brand-new website, designed to serve as a comprehensive hub for Home Builders, Suppliers, Manufacturers, and Trades. With this launch, Hyphen Solutions continues its 25-year legacy of innovation, driving the residential construction industry forward with cutting-edge technology and seamless integrations.

A Unified Platform for Residential Construction Management

The newly launched website showcases Hyphen Solutions’ full-cycle software suite, which supports businesses at every stage of the residential construction process. As the industry’s only full-cycle software solution for new home construction, Hyphen Solutions is dedicated to enabling businesses to work better, faster, and together, by providing tools that streamline processes, reduce costs, and improve profitability.

Helping Home Builders + Residential Trades Find the Right Home Construction Software

Finding and integrating a new home construction software can be a daunting task. Hyphen Solutions aids Home Builders & Residential Subcontractors in this task by offering a helpful Software Solution Finder that guides them to a home construction software solution based on their specific needs.

Key Benefits of Integrating Residential Construction Software

• Streamlined Processes: Hyphen Solutions’ software suite, including BuildPro, SupplyPro, and Hyphen Wallet, is designed to optimize operational control and secure payments.
• Unified Platform: The integrated workflows foster enhanced collaboration among Home Builders, Suppliers, Manufacturers, and Trades, unifying the residential construction supply chain.
• Reduced Costs and Improved Profitability: By leveraging Hyphen Solutions’ innovative tools, businesses can achieve greater efficiency and cost savings.

Celebrating 25 Years of Impact

As Hyphen Solutions celebrates its 25th anniversary in 2024, the company remains dedicated to innovation and excellence. One in three new homes in America is built using Hyphen’s software, and more than 17,500 Suppliers and over 580 Builders across the U.S. and Canada rely on Hyphen’s comprehensive Home Builder and supply chain solutions.

Industry Leadership and Trust

Twenty of the top 25 North American Home Builders trust Hyphen Solutions as their go-to partner in residential construction. The new website reflects Hyphen Solutions’ commitment to delivering trusted cloud solutions that empower businesses to thrive in a competitive market.

2023 Key Metrics

• Orders Distributed: 43.7 million
• Total Order Volume: $63.4 billion
• Total Homes Built: 349,946
• Total Users: 116,437
• Documents Shared with Suppliers: 16.9 million
• Auto-Generated Lien Releases: 13.6 million

About Hyphen Solutions

Hyphen Solutions provides the leading cloud-based construction management software for the residential building industry. Their innovative solutions include BuildPro, SupplyPro, and Hyphen Wallet, among others, all designed to support Builders and Suppliers at every stage of the construction process.

Visit the new website at info.hyphensolutions.com to explore how Hyphen Solutions can transform your business.

Join the over 580 Builders and the 17,500+ Suppliers across the U.S. and Canada that trust Hyphen Solutions. Whether you are a local or national business, Builder or Supplier, new to the industry or a seasoned pro – we have a Hyphen solution for you.

Contacts

Jessica Katz

Vice President of Marketing

Hyphen Solutions

Phone: (972) 728-8100

Email: jkatz@ihyphen.com

TORONTO–(BUSINESS WIRE)–APOLLO Insurance, a Canadian digital insurance provider and leading innovator in the emerging embedded finance sector, is pleased to announce that they now offer pet insurance to their tens of thousands of customers, through a new partnership with Petsecure.

APOLLO’s digital platform launched in 2019 and began serving Canadian consumers with fully digital insurance products. Since then, APOLLO has partnered with leading REITs, property management companies, proptechs, and other organizations to embed insurance products into their existing workflows. For property managers, the insurance purchase experience is embedded directly into the leasing and renewal workflows.

“Pets are an integral part of our customers’ lives and unexpected vet costs can be crippling. With pet ownership steadily increasing in Canada and expected to reach 28.5 million pets in 2025, offering pet insurance alongside our core offering of tenant insurance will make the lives of Canadian pet owners easier,” said Jeff McCann, APOLLO Founder and CEO. “We’re thrilled to be partnering with Petsecure to provide our customers the peace of mind they can get their pets back to their happy, healthy selves without worrying about the financial burden of care, when treatment is needed.”

Petsecure makes a simple promise: they’ll be there when you need them most, covering diagnostics, X-rays, hospitalization, surgery, medication, and more. Every year there are new advancements in veterinary care, and more treatments available than ever before. Petsecure provides straightforward and effective insurance with flexible plans to suit each family’s needs, and is designed and backed by veterinarians across Canada.

“APOLLO’s digital first approach makes them an ideal partner for Petsecure,” said Raegan Ahlbaum, AVP Petline Operations. “This partnership will bring pet insurance to more families, helping them invest in their pet’s health and well-being.”

In 2022, APOLLO became the only Insurance provider in Canada to integrate with Yardi Systems to enable instant insurance transactions and automate compliance, with real time tracking and alerts for property managers. Earlier this year, APOLLO launched FinShore, a wholly owned buy now, pay later (BNPL) subsidiary, to provide a fully embedded monthly payment option to their customers.

Visit https://apollocover.com/partnerships for more information.

About APOLLO Insurance

APOLLO Insurance (“Apollo Insurance Solutions Ltd. and its subsidiaries”) is Canada’s leading online insurance provider. Our proprietary platform allows insurance agents and their customers to purchase their policy immediately, from anywhere, on any device, 24/7. Unlike traditional paper-based processes, APOLLO leverages extensive data and sophisticated algorithms to quote, collect a payment, and issue policies without human intervention.

Through traditional agents and embedded finance partnerships, APOLLO is redefining the distribution of insurance. For more information visit https://apollocover.com/.

About Petline Insurance Company

As the first licensed insurance company in Canada to focus solely on pet insurance, Petline has been a leader in the pet insurance market since 1989. Operating under the Definity family of companies, Petline offers a variety of product lines, including its flagship brand, Petsecure pet health insurance, and Peppermint Pet Health Insurance as a lower-cost option. Petline also underwrites for various programs, providing diverse coverage options with unique benefits. Petline helps Canadian pets live longer and healthier lives by enabling their owners to access top-tier pet health care.

Contacts

For media inquiries:
David Dyck, Chief Marketing Officer

APOLLO

david@apollocover.com
LinkedIn: APOLLO

Media Petsecure:

info@petsecure.com
1-800-268-1169

TORONTO–(BUSINESS WIRE)–$KNR #esg—Kontrol Technologies Corp. (Cboe CA:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol” or the “Company”) a leader in smart buildings and cities has been selected by multiple Customers (“Customers”) to deliver sustainability and net zero emission solutions for multiple public sector buildings.

“We continue to win opportunities and expand our solutions into the public sector, which has been leading the way to greater sustainability and building decarbonization,” says Paul Ghezzi, CEO of Kontrol Technologies.

Corporate Strategy

The Company is focused on growing its revenues both organically and by strategic acquisition. As part of the ongoing focus to deliver greater synergies in its operations the Company will internally re-organize its building performance technology and building engineering under one brand, Efficiency Engineering. The Company will seek to eliminate any duplication in operating costs and continue to streamline operations. The Kontrol Buildings platform will continue to focus on high margin building service revenues and recurring revenues under multi-year contracts.

“With a strong balance sheet, we can turn our focus to the growth and expansion of our core business,” continues Ghezzi. “The shift towards energy efficiency, lower operating costs and greater sustainability for large buildings is accelerating, driven by operational needs and stakeholder requirements.”

Potential strategic acquisitions will be announced when they are final. Acquisition targets with ongoing recurring revenues will be given priority.

According to the Canadian Government, “To reach Canada’s climate goals, reduce energy bills and build up Canada’s supply of energy-efficient and resilient building stock, there is a need to accelerate the retrofit of approximately 10 million buildings and construct millions of new net-zero buildings in the coming decades.” www.canada.ca/naturalresources

Kontrol Technologies Corp.

Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities and provides solutions and services to its customers to improve energy management and accelerate the sustainability of all buildings.

Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR at www.sedarplus.com

Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. Forward-looking information contained in this press releases includes, but is not limited to, the following: the future operations of the Company; and the Company’s ability to complete future acquisitions.

Where Kontrol expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that the Company will have sufficient financial and other resources to fulfil expectations with respect to future operations and potential acquisitions.

Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. Kontrol does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.

Contacts

Kontrol Technologies Corp.
Paul Ghezzi

CEO

info@kontrolcorp.com
11 CiderMill Road

Vaughan, ON L4K 4B6

Tel: (905) 766.0400

VANCOUVER, British Columbia–(BUSINESS WIRE)–#carboncapture–Canada Growth Fund Inc. (“CGF”) and Svante Technologies Inc. (“Svante” or the “Company”), a leading global carbon capture and removal solutions provider headquartered in Vancouver, Canada, announced today a financing commitment of up to US$100 million to accelerate the development and construction of Svante’s commercial carbon capture and removal projects in Canada and the US.

CGF has a mandate to invest in Canadian clean technology businesses that are scaling technologies currently in the commercialization stage of development. Svante is a leading developer of carbon capture and removal technology, with significant potential to accelerate emissions reductions in hard-to-abate sectors worldwide. CGF’s investment enables the Company to focus on its first-of-a-kind (FOAK) deployment opportunities and will encourage the business to prioritize opportunities in its Canadian pipeline. CGF’s capital is supporting ongoing Canadian operations and will encourage Svante to accelerate the delivery of projects domestically and internationally, leveraging their Canadian IP and manufacturing capabilities.

“CGF is working to accelerate the deployment of key Canadian carbon capture technologies, and to scale the manufacturing and export of promising solutions to showcase Canadian technologies internationally,” said Patrick Charbonneau, President and CEO of Canada Growth Fund Investment Management Inc. (“CGF Investment Management”). “Svante has a tremendous market opportunity, globally and here at home, and we look forward to supporting this company in its growth.”

CGF will fund its investment in two tranches: (i) an initial tranche of US$50 million will be used to accelerate and de-risk FOAK commercial projects currently underway and (ii) a potential second tranche expected to be tied to project-specific requirements to match Svante’s capital needs for the development and construction of projects alongside the Company’s co-development partners.

Claude Letourneau, Svante’s President and CEO, said: “We are delighted with this investment by CGF. It is transformational for Svante and complements the US$145 million capital investment made in our new carbon capture and removal filter manufacturing facility under construction in Vancouver. This will strengthen our Integrated Project Development Services offering to help our customers de-risk FOAK projects by providing both our in-house project development advisory expertise and financing. This new offering bridges the gap for our customers as it enables them to reach final investment decision.”

Transaction Highlights

• CGF will invest up to US$100M in Svante via convertible note(s), aimed at advancing the development of Svante’s innovative carbon capture technology.
• The investment will be made in two tranches: the first tranche of US$50M will be disbursed immediately, and the second tranche of US$50M can be drawn for the development and construction of carbon capture projects with a focus on Canadian projects, subject to approval by both organizations.
• Svante is constructing a 141,000 sq. ft. facility in Burnaby, BC, Canada, which will produce filters capable of capturing 10 million tonnes of CO₂ annually and serve as the company’s global headquarters and R&D center.
• The proceeds from the first investment tranche will be utilized for commercial development and FOAK project funding.
• This investment aligns with CGF’s mandate by supporting a leading Canadian cleantech company, protecting Canadian IP and jobs, and encouraging the development of Canadian projects and innovation activities.
• The investment will accelerate the deployment of Svante’s innovative carbon capture technology, which has the potential to significantly reduce global CO₂ emissions.
• This investment marks CGF’s first venture in British Columbia, supporting local jobs in the province and diversifying its investment portfolio.
• The market for carbon capture and sequestration, and carbon removals, is expanding, with supportive regulations in place in Canada, the USA, and Europe, highlighting the growing demand for emissions reduction and removal technologies.

About CGF

CGF is a $15 billion arm’s length public investment vehicle that helps attract private capital to build Canada’s clean economy by using investment instruments that absorb certain risks, in order to encourage private investment in low carbon projects, technologies, businesses, and supply chains.

CGF makes strategic investments to help Canada meet the following national economic and climate policy goals:

1. reduce emissions and achieve Canada’s climate targets;
2. accelerate the deployment of key technologies, such as low-carbon hydrogen and CCS;
3. scale-up companies that will create jobs, drive productivity and clean growth across new and traditional sectors of Canada’s industrial base;
4. encourage the retention of intellectual property in Canada; and
5. capitalize on Canada’s abundance of natural resources and strengthen critical supply chains to secure Canada’s future economic and environmental well-being.

Further information on CGF’s mandate, strategic objectives, investment selection criteria, scope of investment activities, and range of investment instruments can be found on www.cgf-fcc.ca.

About CGF Investment Management

In Budget 2023, the Government of Canada announced that PSP Investments, through a wholly owned subsidiary, would act as investment manager for CGF. CGF Investment Management has been incorporated to act as the independent and exclusive investment manager of CGF.

About Svante

Svante is a purpose-driven, leading carbon capture and removal solutions provider. The Vancouver, Canada-based company manufactures nanoengineered filters and modular rotary contactor machines that capture and remove CO₂ from industrial emissions and the air in an environmentally responsible manner. Svante is on the 2024 Global Cleantech 100, the XPRIZE Foundation’s XB100 – World’s Top 100 Deep Tech Companies and was ranked second among private companies in the Corporate Knights’ Future 50 Fastest Growing Sustainable Companies. For more information, visit www.svanteinc.com and follow Svante on LinkedIn at www.linkedin.com/svantesolutions.

Contacts

Svante Media Relations
Colleen Nitta

Director of Marketing & Communications

cnitta@svanteinc.com
604-970-2813

CGF Media Relations
mediacgf@cgf-fcc.ca

Not for distribution to U.S. News Wire Services or dissemination in the United States.

TORONTO–(BUSINESS WIRE)–#ChoiceProperties–Choice Properties Real Estate Investment Trust (“Choice Properties”) (TSX: CHP.UN) announced today that the trustees of Choice Properties have declared a cash distribution for the month of August, 2024 of $0.063333 per trust unit, representing $0.76 per trust unit on an annualized basis, payable on September 16, 2024 to Unitholders of record at the close of business on August 30, 2024.

About Choice Properties Real Estate Investment Trust

Choice Properties is a leading Real Estate Investment Trust that creates enduring value through places where people thrive.

We are more than a national owner, operator and developer of high-quality commercial and residential real estate. We believe in creating spaces that enhance how our tenants and communities come together to live, work, and connect. This includes our industry leadership in integrating environmental, social and economic sustainability practices into all aspects of our business. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence.

For more information, visit Choice Properties’ website at www.choicereit.ca and Choice Properties’ issuer profile at www.sedarplus.ca.

Contacts

For further information:
Mario Barrafato

Chief Financial Officer

Choice Properties REIT

(416) 628-7872

Mario.Barrafato@choicereit.ca

TORONTO–(BUSINESS WIRE)–$KNR #esg—Kontrol Technologies Corp. (CBOE.CA:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol Technologies” or “Kontrol” or “Company”) announces its results for the three months and year to date ended June 30, 2024. A complete set of the Financial Statements and Management’s Discussion & Analysis have been filed on SEDAR (www.sedar.com).

“During the second quarter we significantly improved the balance sheet, grew our cash position and closed out the secured debt facility,” said Paul Ghezzi, CEO of Kontrol. “We are now in a position to focus on growing our core business both organically and through strategic acquisitions.”

Second Quarter and Year to Date 2024 Highlights

• Revenues for the three months ended June 30, 2024 were $3.7 million, compared to $4.7 million for the same quarter in the prior year; Revenues for the six months ended June 30, 2024 were $7.4 million, compared to $9.1 million for the same period in the prior year.
• Gross margin for the six months ended June 30, 2024 was 58%, compared to 61% for the same period in the prior year.
• Income from continuing operations for the six months ended June 30, 2024 was $12.9 million compared to a loss from continuing operations of $(371,057) for the same period in the prior year.
• Adjusted EBITDA from continuing operations for the six months ended June 30, 2024 was $440,037 compared to $1.5 million for the same period in the prior year.
• A gain on sale of $13.3 million was recognized in Q2 2024 in connection with the sale of air monitoring and compliance related assets.
• All interest-bearing bank debt was paid off – principal payments totalled $11.1 million during the six months ended June 30, 2024.

Corporate Update

The Company is focused on providing sustainable building services and solutions to a wide range of real estate owners, property managers and institutions. The Company’s customer footprint includes commercial, multi-residential and industrial customers who face similar challenges, including managing energy consumption and decarbonization.

Over the past several quarters the Company has successfully managed some significant challenges and worked diligently to right size the balance sheet, and efforts have created opportune conditions for future growth. In Q2 2024 the Company paid off the remaining revolver and term loan balances and executed the sale of air monitoring and compliance related assets which raised internal cash and delivered a significant gain to book value. The Company is now well positioned with the necessary resources to accelerate organic growth plans and to execute on potential acquisitions.

Acquisition Targets

The Company has a number of targets under review with a focus on sustainable buildings and driving synergies across a core platform of services and solutions. The Company is targeting certain metrics for potential acquisitions which include, but are not limited to, revenues in the range of $1 to $5 million, up to 50% in recurring revenues, gross margin in the range of 40% to 50% with an established customer base.

Normal Course Issuer Bid

During the six months ended June 30, 2024, the Company announced that approvals were granted for a new Normal Course Issuer Bid program to buy back common shares of Kontrol through the NEO Exchange and alternative trading systems. The Company repurchased 807,000 common shares for a total of $230,000 during the six months ended June 30, 2024.

Q2 2024 and Year to Date Financial Summary

Financial Results	Three months ended			Six months ended
(Unaudited)	June 30, 2024	June 30, 2023		June 30, 2024	June 30, 2023
Revenue	$3,654,825	$4,678,027		$7,441,059	$9,139,345
Gross profit	$2,020,525	$2,901,891		$4,352,600	$5,540,115
Income (loss) from continuing operations	$12,321,014	$98,405		$12,854,502	$(371,057)
Gain from discontinued operations	–	–		–	$21,786,635
Net income and comprehensive income	$12,321,014	$98,405		$12,854,502	$21,415,578
Basic EPS – continuing operations	$0.21	$0.00		$0.22	$(0.01)
Diluted EPS – continuing operations	$0.17	$0.00		$0.18	$(0.01)
Basic EPS – discontinued operations	–	–		–	$0.41
Diluted EPS – discontinued operations	–	–		–	$0.33
Add/Deduct for Adjusted EBITDA reconciliation – continuing operations:
Amortization and depreciation	$228,334	$360,615		$450,717	$719,507
Finance expense	$91,967	$391,080		$250,629	$902,344
Gain on sale of assets	$(13,241,405)	–		$(13,241,405)	–
Share based compensation	$73,637	$13,292		$125,594	$233,713
Adjusted EBITDA – continuing operations	$(526,453)	$863,392		$440,037	$1,484,507

Adjusted EBITDA is a non-International Financial Reporting Standards (“IFRS”) measure used by management that is not defined by IFRS. Adjusted EBITDA does not have a standardized meaning prescribed by IFRS and therefore may not be comparable to similar measures presented by other issuers. Management believes that Adjusted EBITDA provides meaningful and useful financial information as these measures demonstrate the operating performance of the business excluding non-cash charges.

“Adjusted EBITDA” is calculated as net income or loss before interest, income taxes, amortization, and depreciation, share based compensation, acquisition related expenses, listing expense, gain or loss on sale of assets, and impairment of assets.

Readers are cautioned that Adjusted EBITDA should not be construed as an alternative to net income as determined under IFRS; nor as an indicator of financial performance as determined by IFRS; nor a calculation of cash flow from operating activities as determined under IFRS; nor as a measure of liquidity and cash flow under IFRS. The Company’s method of calculating Adjusted EBITDA may differ from methods used by other companies and, accordingly, the Company’s Adjusted EBITDA may not be comparable to similar measures used by any other company.

Kontrol Technologies Corp.

Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities. Kontrol provides solutions and services to its customers to improve energy management and accelerate the sustainability of all buildings. Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR at www.sedar.com

Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy.

Where Kontrol expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that sufficient capital will be available to the Company and that technology will be as effective as anticipated.

However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such risks include, but are not limited to, that sufficient capital and financing cannot be obtained on reasonable terms, or at all; that those technologies will not prove as effective as expected; those customers and potential customers will not be as accepting of the Company’s product and service offering as expected; and government and regulatory factors impacting the energy conservation industry.

Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. Kontrol does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.

Contacts

Kontrol Technologies Corp.
Paul Ghezzi, CEO

info@kontrolcorp.com
11 Cidermill Avenue, Suite 201

Vaughan, ON L4K 4B6

Tel: (905) 766.0400

LONDON–(BUSINESS WIRE)–#Acquisition–H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $64 billion of capital under management, is pleased to announce that one of its affiliates has acquired Axis Europe Limited (“Axis” or the “Company”), a leading UK provider of property maintenance services, from its founder and owner, John Hayes. John Hayes will reinvest alongside H.I.G. and join the board as a non-executive director. The financial terms of the transaction have not been disclosed.

Axis provides planned maintenance, responsive repairs, and refurbishment to clients in social housing and local government. It has developed an exceptionally strong reputation as a trusted, long-term partner to some of the largest local authorities and housing associations in the UK. Axis has delivered significant and consistent organic growth over the past two decades.

H.I.G. will combine Axis with its existing portfolio company, CLC Group (“CLC”) which it acquired in June 2023, to bring together two highly complementary businesses to create a leading national property maintenance specialist with deep experience across a range of end-markets and maintenance disciplines.

John Hayes, Founder and CEO of Axis, remarked, “We are delighted to join forces with CLC to create a national contractor of scale with great geographical and operational synergies. The investment in both companies by H.I.G. will allow the group to benefit from the huge opportunities that exist across all sectors and regions.”

John Harper, Managing Director of H.I.G. in London, said, “We are excited by this transaction, which is set against the backdrop of a property refurbishment market poised for significant investment in the coming decade.”

About Axis

Axis is a provider of property maintenance services to housing associations and local government. The business has focused on building long-term relationships with some of the largest property managers and owners in its sector. For more information, visit axiseurope.com.

About CLC

CLC is a national property and asset refurbishment provider that offers clients national coverage with a local service. The business has focused on delivering high quality property and asset services to customers in the social housing, local government, defence, hospitality, and utilities sectors. For more information, visit clcgroup.com.

About H.I.G. Capital

H.I.G. is a leading global alternative investment firm with $64 billion of capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, and San Francisco in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, and Dubai, H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach:

• H.I.G.’s equity funds invest in management buyouts, recapitalizations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
• H.I.G.’s debt funds invest in senior, unitranche, and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. also manages a publicly traded BDC, WhiteHorse Finance.
• H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
• H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The Firm’s current portfolio includes more than 100 companies with combined sales in excess of $53 billion. For more information, please refer to the H.I.G. website at hig.com.

*Based on total capital raised by H.I.G. Capital and its affiliates.

Contacts

John Harper

Managing Director

jharper@hig.com

Adam Taylor

Principal

ataylor@hig.com

H.I.G. Capital

10 Grosvenor Street

2^nd Floor

London W1K 4QB

United Kingdom

P +44 (0) 207 318 5700

hig.com