Not for distribution to U.S. newswire services or for dissemination in the United States. CALGARY, Alberta, Aug. 22, 2024 (GLOBE NEWSWIRE) — Northview Residential REIT (the “REIT”) today announced its August 2024 cash distribution amounts on its outstanding Class A Units, Class C Units and Class F Units (collectively, the “Units”) in the amount of… [Read More]
Hyphen Solutions Launches New Website to Connect Home Builders and Suppliers with Construction Software Solutions
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
FirstService Announces Normal Course Issuer Bid
TORONTO, Aug. 21, 2024 (GLOBE NEWSWIRE) — FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that the Toronto Stock Exchange (the “TSX”) has accepted a notice filed by FirstService of its intention to make a normal course issuer bid (the “NCIB”) with respect to its outstanding common shares. The notice provides that FirstService may,… [Read More]
APOLLO Launches Pet Insurance, Powered by Petsecure
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
Kontrol Technologies Selected by Multiple New Customers for Sustainability and Net Zero Emission Solutions
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
Canada Growth Fund to Invest up to US$100 Million in Svante to Accelerate Growth
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:
- reduce emissions and achieve Canada’s climate targets;
- accelerate the deployment of key technologies, such as low-carbon hydrogen and CCS;
- scale-up companies that will create jobs, drive productivity and clean growth across new and traditional sectors of Canada’s industrial base;
- encourage the retention of intellectual property in Canada; and
- 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
SmartCentres Declares Distribution for August 2024
TORONTO, Aug. 16, 2024 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX: SRU.UN) announced today that the trustees of SmartCentres have declared a distribution for the month of August 2024 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on September 16, 2024 to unitholders… [Read More]
Choice Properties Real Estate Investment Trust Declares Cash Distribution for the Month of August, 2024
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
Allied Announces August 2024 Distribution
TORONTO, Aug. 15, 2024 (GLOBE NEWSWIRE) — Allied Properties REIT (“Allied”) (TSX:AP.UN) announced today that the Trustees of Allied have declared a distribution of $0.15 per unit for the month of August 2024, representing $1.80 per unit on an annualized basis. The distribution will be payable on September 16, 2024, to unitholders of record as… [Read More]
CAPREIT Announces Increased August 2024 Distribution
TORONTO, Aug. 15, 2024 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX: CAR.UN) announced today its August 2024 monthly distribution in the amount of $0.125 per Unit (or $1.50 on an annualized basis). The August 2024 distribution will be payable on September 16, 2024 to Unitholders of record at the close… [Read More]
ERES REIT Declares August 2024 Monthly Distribution
TORONTO, Aug. 15, 2024 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (TSX: ERE.UN, “ERES”) is pleased to announce that the trustees of ERES have declared the August 2024 monthly cash distribution of €0.01 per Unit and Class B LP Unit (the “August Distribution”), being equivalent to €0.12 per Unit annualized. The distribution will… [Read More]
Flagship Communities Real Estate Investment Trust Announces August 2024 Cash Distribution
Not for distribution to U.S. newswire services or dissemination in the United States. TORONTO, Aug. 15, 2024 (GLOBE NEWSWIRE) — Flagship Communities Real Estate Investment Trust (the “REIT”) (TSX:MHC.U; MHC.UN) announced today a cash distribution of US$0.0492 per REIT unit for the month of August 2024, representing US$0.59 per REIT unit on an annual basis…. [Read More]
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