Shawcor

Mattr Corp. Completes Voluntary Symbol Change for US Over-the-Counter Listing

Retrieved on: 
Monday, January 22, 2024
TSX, Shawcor

TORONTO, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Mattr Corp. (“Mattr” or the “Company”) (TSX: MATR) announced today that it has changed its ticker symbol on its US over-the-counter (“OTC”) listing to ‘MTTRF’ (formerly SAWLF).

Key Points: 
  • TORONTO, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Mattr Corp. (“Mattr” or the “Company”) (TSX: MATR) announced today that it has changed its ticker symbol on its US over-the-counter (“OTC”) listing to ‘MTTRF’ (formerly SAWLF).
  • The Company’s common shares will continue to trade on the TSX under the ticker symbol ‘MATR’.
  • This symbol change follows the Company’s legal name change from Shawcor Ltd. to Mattr Corp., which was completed on January 8, 2024, and serves to align its trading symbol with its new name.
  • No action is required to be taken by shareholders with respect to the symbol change, and no change has been made to the Company’s share capital nor the rights of shareholders of the Company.

Shawcor Ltd. Legally Changes Corporate Name to Mattr Corp.

Retrieved on: 
Monday, January 8, 2024
Canada Business Corporations Act, Shawcor, Sale, American Horror Stories, Name change, File, CUSIP, Name, TSX, Toronto Stock Exchange, Indian stock exchange, Security (finance)

On June 7, 2023, the Company announced its rebranding to “Mattr” and began conducting business as “Shawcor Ltd. dba Mattr Infratech”.

Key Points: 
  • On June 7, 2023, the Company announced its rebranding to “Mattr” and began conducting business as “Shawcor Ltd. dba Mattr Infratech”.
  • “The Company rebranded last summer, utilizing a dba structure to facilitate a simplified sale process for its pipeline coating business,” said Mike Reeves, President and CEO of Mattr.
  • The CUSIP number assigned to the Common Shares following the Name Change is 57722Y102 (ISIN: CA57722Y1025).
  • The articles of amendment effecting the Name Change are available on the Company’s SEDAR+ profile at www.sedarplus.com.

Mattr Receives Over $27 Million in International Purchase Orders for Flexpipe

Retrieved on: 
Thursday, December 28, 2023
TSX, History, POS, Shawcor

TORONTO, Dec. 28, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today that its Flexpipe business has been awarded two purchase orders (“POs”), one in the Middle East and one in India, for its composite, spoolable pipe.

Key Points: 
  • TORONTO, Dec. 28, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today that its Flexpipe business has been awarded two purchase orders (“POs”), one in the Middle East and one in India, for its composite, spoolable pipe.
  • In combination, the POs are valued at over $27 million, and are expected to be delivered in the first half of 2024.
  • “The magnitude of these orders highlights the growing demand for our products in international markets, particularly where adoption of non-metallic solutions is prioritized,” said Martin Perez, Group President of Mattr’s Composite Technologies segment.
  • “The latest PO in the Middle East, which is for our larger diameter pipe, represents one of the most sizeable single orders for Flexpipe in its history.

Mattr Receives Purchase Order Over $50 Million for Brazilian Pipe Coating Project

Retrieved on: 
Friday, December 22, 2023
TSX, Shawcor

TORONTO, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today its Brazilian pipe coating facility has received a purchase order for the provision of thermal insulation coating for an offshore project in Brazil.

Key Points: 
  • TORONTO, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today its Brazilian pipe coating facility has received a purchase order for the provision of thermal insulation coating for an offshore project in Brazil.
  • The purchase order is valued over $50 million and will be executed from the Company’s Serra, Brazil facility in the first half of 2026.
  • “While it is unlikely we will own the Brazilian facility while this project is underway, this award demonstrates the facility’s strong reputation in the Brazilian market,” said Mike Reeves, Mattr’s President and CEO.
  • “The facility will execute on its robust backlog in the coming quarters, while continuing to build on that backlog into 2026.”

Mattr Announces Investor Presentation to Outline Company Vision

Retrieved on: 
Monday, December 11, 2023
TSX, Shawcor

TORONTO, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today the publication of its updated Investor Presentation.

Key Points: 
  • TORONTO, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today the publication of its updated Investor Presentation.
  • Mattr will be hosting an Investor Day at 12:45pm ET in Toronto, where management will discuss the Company’s vision.
  • A live webcast of the event will be available on its Investor Centre at https://investors.mattr.com .
  • A replay of the event will be available on the Company’s Investor Centre shortly after the day concludes.

Mattr Finalizes Pipe Coating Business Sale

Retrieved on: 
Thursday, November 30, 2023
Sale, Shawcor, Composite, TSX, Connection, EXM

TORONTO, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today that it has completed the previously-announced sale of its pipe coating business (“Pipeline Performance Group” or “PPG”) to Tenaris S.A. (“Tenaris”) (NYSE and Mexico: TS and EXM Italy: TEN).

Key Points: 
  • TORONTO, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today that it has completed the previously-announced sale of its pipe coating business (“Pipeline Performance Group” or “PPG”) to Tenaris S.A. (“Tenaris”) (NYSE and Mexico: TS and EXM Italy: TEN).
  • The Company has received total proceeds of US$182.6 million, including estimated working capital and US$16.9 million in cash, for effective proceeds of US$165.7 million (or approximately CDN$225 million).
  • “With this important transaction closed, the Company’s portfolio transformation and strategic review process is now substantially complete.
  • “I’d like to thank the employees of the Pipeline Performance Group business for their many contributions to this organization over the last several decades and wish them the best in their transition.”

Mattr Announces Regulatory Approval and Expected Closing Date for Pipe Coating Business Sale

Retrieved on: 
Monday, November 27, 2023
Sale, Shawcor, Composite, Growth, TSX, Connection, EXM

Accordingly, all required regulatory approvals for the transaction have been obtained.

Key Points: 
  • Accordingly, all required regulatory approvals for the transaction have been obtained.
  • The transaction is now expected to close in the next two weeks, subject to customary closing conditions.
  • Consistent with previously shared estimates, the aggregate net cash proceeds to be received by the Company in relation to this transaction are still expected to be modestly higher than the agreed purchase price.
  • “With the Mexican regulatory approval issued we now expect to close this important transaction within the coming weeks, enabling our Pipeline Performance Group business, and its thousands of extraordinary employees, to move forward into the next phase of their growth,” said Mike Reeves, President and CEO of Mattr.

Kevin Nugent Appointed Mattr Board Chair

Retrieved on: 
Friday, November 24, 2023
Shawcor, Retirement, University, TSX, Lethbridge, Management

The Company’s board of directors have unanimously selected Kevin Nugent as Mattr’s new board chair.

Key Points: 
  • The Company’s board of directors have unanimously selected Kevin Nugent as Mattr’s new board chair.
  • “With this transformation substantially complete, and the Company’s rebrand from Shawcor to Mattr successfully executed, this is the right moment for me to step down as board chair and to retire at the next Annual General Meeting.
  • I am thrilled to see Kevin Nugent take the helm of Mattr’s board and have full confidence that under his stewardship, our board will continue to demonstrate best-in-class governance and, most importantly, robust support for Mike Reeves, our CEO, and his leadership team as they drive the Company to even greater success.”
    Mr. Nugent commented “It’s an honor to be selected as board chair, particularly at such an exciting moment in the Company’s history.
  • In addition to his role on the board of Mattr, Mr. Nugent currently serves as a director of the Banff Sport Medicine Foundation in addition to several private companies.

Mattr Announces Conference Call/Webcast to Discuss Third Quarter 2023 Results Tuesday, November 14th, 2023 at 9:00am ET

Retrieved on: 
Thursday, October 26, 2023
Shawcor, TSX, Video game

A conference call/webcast to discuss these results will be held on Tuesday, November 14th, 2023 at 9:00am ET.

Key Points: 
  • A conference call/webcast to discuss these results will be held on Tuesday, November 14th, 2023 at 9:00am ET.
  • Mattr will use a presentation to accompany its conference call.
  • The presentation can be found on the Company’s website in advance of the earnings call and can also be accessed via the conference call/webcast.
  • Please visit the Mattr Investor Centre website at mattr.com or use the following link https://investors.mattr.com/news-events/events-and-presentations for further details.

Mattr Included in 2023 TSX30

Retrieved on: 
Tuesday, September 12, 2023
Shawcor, TSX, Toronto Stock Exchange, Mining, Renewable energy

TORONTO, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today that it has been included in the TSX30 for 2023.

Key Points: 
  • TORONTO, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today that it has been included in the TSX30 for 2023.
  • "We are honored to be recognized by the TSX.
  • “As a result, Mattr now operates a tightly focused portfolio of high-quality, materials-based product businesses, each with significant growth potential.
  • We remain steadfast in our commitment to create continued value for all stakeholders by enabling critical infrastructure renewal and expansion around the globe.”