Agreements

NexOptic Enters Agreements with Significant Shareholder

Monday, May 25, 2020 - 2:00pm

VANCOUVER, British Columbia, May 25, 2020 (GLOBE NEWSWIRE) -- NexOptic Technology Corp. (NexOptic or the Company) (TSX VENTURE: NXO) (OTCQB: NXOPF) (FSE: E3O1), an innovator in optics and Artificial Intelligence (AI), is pleased to announce that it has entered into three separate agreements with significant shareholder 3DB, Inc. (3DB), a private Alberta company.

Key Points: 
  • VANCOUVER, British Columbia, May 25, 2020 (GLOBE NEWSWIRE) -- NexOptic Technology Corp. (NexOptic or the Company) (TSX VENTURE: NXO) (OTCQB: NXOPF) (FSE: E3O1), an innovator in optics and Artificial Intelligence (AI), is pleased to announce that it has entered into three separate agreements with significant shareholder 3DB, Inc. (3DB), a private Alberta company.
  • The agreements include a voting support agreement (the Support Agreement), a custodial and rights agreement, (the Rights Agreement), and a release, indemnity and settlement agreement, (the Settlement Agreements), all effective as of May 15, 2020.
  • Finally, the release, indemnity and settlement agreements (the Settlement Agreements and together with the Rights Agreement and the Support Agreement, the Agreements) with each of John and Darcy Daugela in respect of the employment agreements entered into by the Daugelas with the Company dated December 1, 2017.
  • NexOptic is also engaged in the development of its revolutionary sports-optic device DoubleTake as well as mobile lens solutions.

DGAP-News: Memorandum of Understanding

Friday, May 22, 2020 - 7:01pm

Ltd. (the "Buyer Entity"), an advanced digital technology company incorporated in Singapore, have entered into a memorandum of understanding (the "Memorandum of Understanding"), under which, the Company (or its nominee) and the Buyer Entity will negotiate in good faith to enter into a definitive binding agreement (the "Formal Agreement") to acquire (the "Proposed Acquisition") the controlling equity share capital in the company (the "Target Company").

Key Points: 
  • Ltd. (the "Buyer Entity"), an advanced digital technology company incorporated in Singapore, have entered into a memorandum of understanding (the "Memorandum of Understanding"), under which, the Company (or its nominee) and the Buyer Entity will negotiate in good faith to enter into a definitive binding agreement (the "Formal Agreement") to acquire (the "Proposed Acquisition") the controlling equity share capital in the company (the "Target Company").
  • The Memorandum of Understanding is exclusive and confidential and is legally binding and irrevocable.
  • If the Formal Agreement cannot be entered into by the expiry of such period, the Memorandum of Understanding shall be terminated.
  • Further announcement will be made by the Company when the Company enters into the Formal Agreement or the Company decides to terminate if applicable to the Memorandum of Understanding or there is any material development on the Proposed Acquisition.

SCWorx Subsidiary Direct Worx Sources One Million Surgical Masks for Existing Large Hospital Customer to Help Maintain Safety for Healthcare Providers Treating Patients Affected By COVID-19 Pandemic

Friday, March 27, 2020 - 12:30pm

NEW YORK, March 27, 2020 (GLOBE NEWSWIRE) -- With the COVID-19 pandemic escalating in the U.S., SCWorx Corp. (Nasdaq: WORX) announced today an agreement between its subsidiary Direct Worx and an existing large hospital customer to supply one million surgical masks, which were fulfilled and shipped yesterday.

Key Points: 
  • NEW YORK, March 27, 2020 (GLOBE NEWSWIRE) -- With the COVID-19 pandemic escalating in the U.S., SCWorx Corp. (Nasdaq: WORX) announced today an agreement between its subsidiary Direct Worx and an existing large hospital customer to supply one million surgical masks, which were fulfilled and shipped yesterday.
  • The initial agreement was for $390,000, with additional potential agreements to help hospitals source urgently needed Personal Protective Equipment (PPE) are anticipated.
  • We are working diligently with our hospital customers to rapidly secure necessary PPE, especially during this demanding time, and we expect to announce similar agreements as the pandemic spreads.
  • SCWorxs Ultraverse Platform creates a single source for information for healthcare providers data governance and data analytics for executives.

ECI Demonstrates OpenROADM Compliant OTN Solutions at SC19

Tuesday, November 19, 2019 - 1:00pm

In line with this thinking are ECI's Apollo optical networking solutions, which are completely open and modular.

Key Points: 
  • In line with this thinking are ECI's Apollo optical networking solutions, which are completely open and modular.
  • ECI equipment is compliant with the OpenROADM Multi-Source Agreement (MSA), which defines interoperability specifications for ROADMs, transponders and pluggable optics.
  • ECI is a global provider of ELASTIC network solutions to CSPs, critical industries, and data center operators.
  • ECI solutions are tailored for the needs of today, yet flexible enough to meet the challenges of tomorrow.

Seedo Signs MOU to Secure $30 Million Commercial Line of Credit to Finance Consumer Leasing of Its Home Grow Units

Tuesday, August 6, 2019 - 12:17pm

The MOU is non binding and the parties plan to enter into definitive agreements within 60 days.

Key Points: 
  • The MOU is non binding and the parties plan to enter into definitive agreements within 60 days.
  • Seedo has received highly encouraging feedback and positive reviews from customers who have completed their first grow cycle in the home grow unit.
  • Now, the company intends to use this commercial line of credit, once finalized, to launch a home-grow unit leasing business model.
  • In addition, the MOU to secure the line of credit to finance our new leasing model is a non-binding instrument, and we cannot be sure that we will enter into a definitive agreement.