IHT

Edison Investment Research Limited: Trackwise Designs (TWD): Connection under demanding conditions

Retrieved on: 
Friday, January 14, 2022 - 8:02am

Trackwise Designs has developed a proprietary, proven technology, IHT, for manufacturing extremely long, flexible circuits that can replace conventional wiring harnesses.

Key Points: 
  • Trackwise Designs has developed a proprietary, proven technology, IHT, for manufacturing extremely long, flexible circuits that can replace conventional wiring harnesses.
  • Since listing in July 2018, Trackwise has invested substantially in capacity, acquiring Stevenage Circuits in March 2020 and a new site in Stonehouse in April 2021.
  • The new site is scheduled to commence production in Q122 as Trackwise starts deliveries on an order worth up to 54m from a UK EV manufacturer.
  • About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors.

InnSuites Hospitality Trust (IHT) Declares 52nd Consecutive Annual Dividend

Retrieved on: 
Tuesday, January 4, 2022 - 9:05pm

Phoenix, AZ, Jan. 04, 2022 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT) On January 4, 2022, the Board of Trustees of IHT announced a semi-annual dividend of $0.01 per share payable on January 31, 2022 to shareholders of record as of January 18, 2022, continuing an uninterrupted 52-year history of annual dividends.

Key Points: 
  • Phoenix, AZ, Jan. 04, 2022 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT) On January 4, 2022, the Board of Trustees of IHT announced a semi-annual dividend of $0.01 per share payable on January 31, 2022 to shareholders of record as of January 18, 2022, continuing an uninterrupted 52-year history of annual dividends.
  • InnSuites Hotel operations continue to recover while the UniGen diversified efficient clean energy investment continues to progress.
  • With the exception of historical information, matters discussed in this news release may include forward-looking statements within the meaning of the federal securities laws.
  • All statements regarding IHTs review and exploration of potential strategic, operational and structural alternatives and expected associated costs and benefits are forward-looking.

IHT HOTEL PROFIT REBOUNDS; CLEAN ENERGY PROTOTYPE ANTICIPATED SOON

Retrieved on: 
Tuesday, December 28, 2021 - 11:40am

IHT continued to experience a steady increase in Hotel Operation earnings for both the third Fiscal Quarter and first three quarters of Fiscal 2022 (February 1, 2021, to January 31, 2022).

Key Points: 
  • IHT continued to experience a steady increase in Hotel Operation earnings for both the third Fiscal Quarter and first three quarters of Fiscal 2022 (February 1, 2021, to January 31, 2022).
  • In addition, the IHT efficient clean energy innovation diversification investment targets its first prototype under development since January 2020, to be in operation during the first Fiscal Quarter of Fiscal 2023 (February 1, 2022 to January 31, 2023).
  • InnSuites Hospitality Trust (IHT) has made a diversification investment in privately held UniGen Power, Inc. (UniGen), a company developing a patented, high profit potential, efficient clean energy generation innovation.
  • IHT Management has long believed, as indicated in past IHT SEC Filings, that the investor community continues to value IHT well below its true underlying value (both real estate equity/hotel operations, and clean energy opportunity potential).

Edison Investment Research Limited: Trackwise Designs (TWD): Fundraising supports EV contract

Retrieved on: 
Thursday, December 23, 2021 - 1:05pm

Our peer multiples-based analysis shows Trackwise trading on EV/Sales and EV/EBITDA multiples for year 2 that are below the peer average.

Key Points: 
  • Our peer multiples-based analysis shows Trackwise trading on EV/Sales and EV/EBITDA multiples for year 2 that are below the peer average.
  • This suggests that at current levels the potential growth in sales and EBITDA associated with the EV opportunity is not fully priced in.
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  • About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors.

IHT RECEIVES NOTICE FROM NYSE AMERICAN; IHT OPERATIONS CONTINUE TO SURGE WITH CLEAN ENERGY PROTOTYPE APPROACHING

Retrieved on: 
Friday, November 19, 2021 - 9:52pm

The Trust intends to timely cure the non-compliance, has contacted the Exchange, and is working diligently to timely complete the Plan.

Key Points: 
  • The Trust intends to timely cure the non-compliance, has contacted the Exchange, and is working diligently to timely complete the Plan.
  • Our hotel operations continue to perform substantially better Year to Date for the first three quarters of Fiscal Year 2022.
  • IHT is informed that the UniGen efficient clean energy innovation targets its first prototype, under development since January 2020, to be in operation within the next five months.
  • IHT Management is confident that IHT will timely present a plan to the NYSE American, and timely execute that plan to regain full NYSE American compliance.

IHT HOTEL PROFIT JUMPS; CLEAN ENERGY PROTOTYPE SOON

Retrieved on: 
Wednesday, October 20, 2021 - 9:52pm

In addition, the IHT efficient clean energy innovation diversification investment targets its first prototypes under development since January 2020, to be in operation within the next six months.

Key Points: 
  • In addition, the IHT efficient clean energy innovation diversification investment targets its first prototypes under development since January 2020, to be in operation within the next six months.
  • InnSuites Hospitality Trust (IHT) has made a diversification investment in excess of $1 million in privately held UniGen Power, Inc. (UniGen), a company developing a patented, high profit potential, efficient clean energy generation innovation.
  • UniGens high profit potential is encouraging for IHT investors, with 22 months of design and development work now complete.
  • IHT Management has long believed, as indicated in past IHT SEC Filings, that the investor community continues to value IHT well below its full potential true underlying value (both real estate equity/hotel operations, and clean energy opportunity potential).

Trackwise Designs (TWD): Progress in both divisions during H121

Retrieved on: 
Thursday, September 30, 2021 - 7:02am

As flagged in its July trading update, Trackwise Designs' H121 group revenues increased by 71% y-o-y to 4.1m, reflecting the acquisition of Stevenage Circuits in March 2020 and a doubling of IHT revenues, while adjusted EBITDA quadrupled to 0.5m.

Key Points: 
  • As flagged in its July trading update, Trackwise Designs' H121 group revenues increased by 71% y-o-y to 4.1m, reflecting the acquisition of Stevenage Circuits in March 2020 and a doubling of IHT revenues, while adjusted EBITDA quadrupled to 0.5m.
  • Management notes the group remains on track to meet market FY21 expectations despite supply chain disruption, so we leave our FY21 and FY22 estimates broadly unchanged.
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  • About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors.

CVP Acquires Atlas Research, Broadens Healthcare Strategy, Consulting and Research Offerings

Retrieved on: 
Tuesday, August 24, 2021 - 8:07pm

Through this acquisition, CVP further realizes its goal of becoming a premier mid-tier comprehensive healthcare solutions and citizen services consulting and systems integration firm.

Key Points: 
  • Through this acquisition, CVP further realizes its goal of becoming a premier mid-tier comprehensive healthcare solutions and citizen services consulting and systems integration firm.
  • CVP acquired Atlas because of its similar culture, values, and vision for the future as well as its exceptionally talented team.
  • This merger, done solely through the strength of CVPs own resources, adds over 170 professionals with deep healthcare and consulting experience to the CVP family.
  • CVPs acquisition of Atlas is the realization of a shared vision for an industry-leading, comprehensive mid-tier healthcare technology and consulting firm primed for growth, said Atlas Co-Founder and CEO Ryung Suh.

IHT FIRST QUARTER PROFIT; UNIGEN CLEAN ENERGY DIVERSIFICATION PROGRESS

Retrieved on: 
Monday, June 28, 2021 - 10:45pm

Consolidated Net Income has increased more than $500,000 in Fiscal First Quarter 2022 compared to Fiscal First Quarter 2021, more than $425,000 over Fiscal First Quarter 2020, and approximately $450,000 greater than Fiscal First Quarter 2019, (the latter two both pre-Covid).

Key Points: 
  • Consolidated Net Income has increased more than $500,000 in Fiscal First Quarter 2022 compared to Fiscal First Quarter 2021, more than $425,000 over Fiscal First Quarter 2020, and approximately $450,000 greater than Fiscal First Quarter 2019, (the latter two both pre-Covid).
  • InnSuites Hospitality Trust (IHT) previously made an initial $1 million diversification investment in privately held UniGen Power, Inc. (UniGen), a company developing a patented, high profit potential, efficient clean energy generation innovation.
  • In addition to the initial investment, which could be converted into 1 million UniGen shares, IHT also holds warrants that, if fully exercised, would provide IHT 2 million additional UniGen shares, and could potentially result in IHT holding up to an approximate 25% ownership stake in UniGen.
  • IHT has confidence in the UniGen technical team based in Detroit and in the progress to date.

Trackwise Designs (TWD): Agreement in medical devices market

Retrieved on: 
Wednesday, May 5, 2021 - 8:01am

b"Trackwise has announced a seven-year supply agreement with CathPrint, which has created a novel technique for manufacturing catheters.

Key Points: 
  • b"Trackwise has announced a seven-year supply agreement with CathPrint, which has created a novel technique for manufacturing catheters.
  • Assuming the ongoing development project supplying Trackwise's Improved Harness Technology (IHT) to CathPrint for advanced catheters is successful, this potentially represents sales of significant volumes of IHT for medical applications from FY23 onwards.
  • This announcement coincides with the news that Trackwise has completed the acquisition of a new site in Gloucestershire, UK.
  • Trackwise will install an automated roll-to-roll IHT production line at the site, which management expects will commence operation in Q421.