STEER

Steer Smarts Introduces Limited Lifetime Warranty, Elevating Customer Confidence and Satisfaction

Retrieved on: 
Wednesday, February 7, 2024

Steer Smarts Introduces Limited Lifetime Warranty on all New Products.

Key Points: 
  • Steer Smarts Introduces Limited Lifetime Warranty on all New Products.
  • "The introduction of the Limited Lifetime Warranty is a natural progression for Steer Smarts.
  • This warranty reflects our confidence in the quality and durability of our products and reinforces our commitment to customer satisfaction," said Chris Doyle, Customer Service Manager at Steer Smarts.
  • For more information about Steer Smarts and its Limited Lifetime Warranty, please visit https://steersmarts.com/pages/limited-lifetime-warranty or contact [email protected] for questions.

STEER Announces Private Placement of up to $3.5 Million of Convertible Debentures With Strategic Investors

Retrieved on: 
Monday, January 15, 2024

The Private Placement will be made to certain subscribers, which are expected to be ESG Holdings Inc. (“ESG”), Arichandran Investments Inc. (“Arichandran”) and one or more additional investors (such additional investors, collectively with ESG and Arichandran, the “Investors”).

Key Points: 
  • The Private Placement will be made to certain subscribers, which are expected to be ESG Holdings Inc. (“ESG”), Arichandran Investments Inc. (“Arichandran”) and one or more additional investors (such additional investors, collectively with ESG and Arichandran, the “Investors”).
  • In addition, the aggregate number of Common Shares reserved for issuance pursuant to the Private Placement shall not exceed 117,880,000 Common Shares.
  • The proceeds from the Private Placement are expected to be used by the Company for working capital and general corporate purposes.
  • The Company is considering completion of the FoodsUp Distribution prior to, or as soon as possible after, the closing of the Private Placement.

STEER Announces Senior Management Transition

Retrieved on: 
Tuesday, November 28, 2023

STEER Technologies Inc. (“STEER” or the “Company”) (TSXV: STER), (OTCQX: STEEF), an integrated ESG technology platform, today announced a change to its senior management team with Dean Wu being appointed as the Company’s Chief Financial Officer (“CFO”), effective immediately.

Key Points: 
  • STEER Technologies Inc. (“STEER” or the “Company”) (TSXV: STER), (OTCQX: STEEF), an integrated ESG technology platform, today announced a change to its senior management team with Dean Wu being appointed as the Company’s Chief Financial Officer (“CFO”), effective immediately.
  • Mr. Wu graduated from Western University in 2016 and worked for a number of private equity firms and technology companies prior to joining STEER.
  • He has been with the Company since June, 2022, quickly rising through the ranks and having been instrumental in the preparation of the Company’s previous quarterly and annual filings.

Steer Smarts to Reveal "Ice Cold" Jeep Wrangler 4xe build at SEMA 2023

Retrieved on: 
Thursday, October 12, 2023

PLYMOUTH, Mich., Oct. 12, 2023 /PRNewswire/ -- STEER SMARTS, a leading provider of innovative steering solutions, is excited to announce their collaboration with Jeep® and Mopar® for a one-of-a-kind Jeep Wrangler 4xe that is guaranteed to generate a buzz!

Key Points: 
  • PLYMOUTH, Mich., Oct. 12, 2023 /PRNewswire/ -- STEER SMARTS, a leading provider of innovative steering solutions, is excited to announce their collaboration with Jeep® and Mopar® for a one-of-a-kind Jeep Wrangler 4xe that is guaranteed to generate a buzz!
  • In teaming up with STEER SMARTS, Jeep asked that they create a fun, exciting, and memorable vehicle that helps highlight the 4xe's hybrid system.
  • "We are really excited to work with Jeep and the rest of the awesome brands on this build," said Jay Velthoven, GM at STEER SMARTS.
  • STEER SMARTS and Jeep will be unveiling the completed build at SEMA 2023 at the STEER SMARTS booth in the West Hall (# 57227) on Tuesday, October 31st at 9:45am!

STEER Reports Record Revenues in Q1 2023

Retrieved on: 
Tuesday, May 30, 2023

STEER Technologies Inc. (“STEER” or the “Company”) (TSXV: STER), (OTCQX: STEEF), an integrated ESG technology platform, today announced and filed its Q1 interim financial statements for the quarter ended March 31, 2023 ("Q1 2023").

Key Points: 
  • STEER Technologies Inc. (“STEER” or the “Company”) (TSXV: STER), (OTCQX: STEEF), an integrated ESG technology platform, today announced and filed its Q1 interim financial statements for the quarter ended March 31, 2023 ("Q1 2023").
  • All financial results are reported in Canadian dollars, unless otherwise stated.1
    Highlights include a Company quarterly revenue record of $15,229,000 in Q1 2023, up from $10,734,500 in Q1 2022, representing 41.9% year-over-year growth.
  • STEER's subscription-based revenues grew to $795,100 in Q1 2023, up from $758,100 in Q1 2022 while STEER's on-demand revenues grew to $14,433,900, up from $9,976,400 in Q1 Fiscal 2022.
  • For detailed information please refer to Facedrive's Q1 2023 Interim Financial Statements and its Management's Discussion and Analysis of Financial Condition and Results of Operations for the quarter-ended March 31, 2023 (the "Q1 2023 MD&A"), filed on SEDAR at www.SEDAR.com .

STEER Provides Update on Settlement Agreement with the Ontario Securities Commission

Retrieved on: 
Friday, May 19, 2023

STEER Technologies Inc. (“STEER” or the “Company”) (TSXV: STER) (OTCQX: STEEF), an integrated ESG technology platform, would like to provide an update that, further to its press release dated May 3, 2023, Staff of the Ontario Securities Commission (the “OSC”) today held a Tribunal Hearing related to its Settlement Agreement (the “Agreement”) with STEER and proceeded to approve said Agreement so as to serve the public interest.

Key Points: 
  • STEER Technologies Inc. (“STEER” or the “Company”) (TSXV: STER) (OTCQX: STEEF), an integrated ESG technology platform, would like to provide an update that, further to its press release dated May 3, 2023, Staff of the Ontario Securities Commission (the “OSC”) today held a Tribunal Hearing related to its Settlement Agreement (the “Agreement”) with STEER and proceeded to approve said Agreement so as to serve the public interest.
  • STEER acknowledges that engaging in the conduct described above resulted in non-compliance with Ontario Securities Law and conduct contrary to the public interest.
  • Under the terms of the Agreement, the Company will take several additional steps to comply with its continuous disclosure requirements.
  • With this matter behind us, we can direct all our focus to STEER’s exciting future,” said Suman Pushparajah, CEO of STEER.

STEER Obtains Licence to Operate a Liquor Delivery Service in Ontario

Retrieved on: 
Tuesday, May 9, 2023

STEER Technologies Inc. (“STEER” or the “Company”) (TSXV: STER), (OTCQX: STEEF), an integrated ESG technology platform, is pleased to announce that its subsidiary Food HWY Canada Inc. has been issued a licence to operate liquor delivery services by the Alcohol and Gaming Commission of Ontario (“AGCO”).

Key Points: 
  • STEER Technologies Inc. (“STEER” or the “Company”) (TSXV: STER), (OTCQX: STEEF), an integrated ESG technology platform, is pleased to announce that its subsidiary Food HWY Canada Inc. has been issued a licence to operate liquor delivery services by the Alcohol and Gaming Commission of Ontario (“AGCO”).
  • STEER’s customers are now able to place liquor orders with their favorite restaurants and vendors via the STEER mobile app.
  • One of the AGCO's primary goals is to promote responsible alcohol consumption while ensuring that businesses operate in compliance with relevant laws and regulations.
  • A Liquor Delivery Service Licence allows the licensee to deliver liquor purchased or obtained from the Liquor Control Board of Ontario (“LCBO”) or Brewers Retail Inc. (“The Beer Store”), any manufacturer’s on-site or off-site retail store or an eligible liquor licensed establishment to individuals for a fee.

STEER and Lightning eMotors Announce Partnership to Upgrade Commercial Electric Vehicles to Autonomous Vehicles

Retrieved on: 
Tuesday, May 2, 2023

 ANNAPOLIS JUNCTION, Md., May 2, 2023 /PRNewswire/ -- Lightning eMotors, Inc., a leading provider of zero-emission medium-duty commercial electric vehicles and electric vehicle (EV) technology for fleets, and STEER Tech, the leading OEM and aftermarket autonomous vehicle (AV) software company, today announced a collaboration to offer autonomous functionality to Lightning's customers to enhance safety and efficiency.

Key Points: 
  • ANNAPOLIS JUNCTION, Md., May 2, 2023 /PRNewswire/ -- Lightning eMotors, Inc., a leading provider of zero-emission medium-duty commercial electric vehicles and electric vehicle (EV) technology for fleets, and STEER Tech, the leading OEM and aftermarket autonomous vehicle (AV) software company, today announced a collaboration to offer autonomous functionality to Lightning's customers to enhance safety and efficiency.
  • The collaboration will facilitate the integration of STEER's autonomous vehicle technology into Lightning's medium-duty commercial electric vehicle product line.
  • "Lightning eMotors is excited about STEER's autonomous vehicle solution, first and foremost for the additional safety functionality it will allow us to offer to our customers," said Tim Reeser, CEO and Co-founder of Lightning eMotors.
  • "Lightning eMotors offers best-in-class electric vehicle solutions to commercial customers and we are excited to work with Lightning eMotors to launch the next suite of autonomous electric vehicles together."

STEER Reports Record Revenues in Fiscal 2022

Retrieved on: 
Tuesday, May 2, 2023

STEER Technologies Inc. (“STEER” or the “Company”) (TSXV: STER), (OTCQX: STEEF), an integrated ESG technology platform, today announced its 2022 (“Fiscal 2022”) operational and financial results for the year ended December 31, 2022.

Key Points: 
  • STEER Technologies Inc. (“STEER” or the “Company”) (TSXV: STER), (OTCQX: STEEF), an integrated ESG technology platform, today announced its 2022 (“Fiscal 2022”) operational and financial results for the year ended December 31, 2022.
  • Revenue for Fiscal 2022 was $54,921,300, up from $25,416,500 in the fiscal year ended December 31, 2021.
  • STEER EV subscription revenue was $2,972,700 in Fiscal 2022, up from $2,804,700 in Fiscal 2021.
  • General and administration expenses were $6,738,200 in Fiscal 2022, down from $7,352,400 in Fiscal 2021.

STEER Closes $18 Million Direct Investment Into its Digital Restaurant Supply Business

Retrieved on: 
Thursday, March 30, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230330005450/en/
    STEER Announces Closing of $18MM Investment Into Digital Restaurant Supply Business (Photo: Business Wire)
    With the Transaction complete, STEER believes that the Restaurant Supply Business is well-positioned to grow and further develop its Subscription-Based and On-Demand service offerings.
  • “We are thrilled to announce the successful completion of this $18 million direct investment.
  • With the highly experienced and motivated team we have today, we are excited to grow the Restaurant Supply Business and make our contribution to the collective sustainability efforts in the industry,” said Di Han, Head of STEER’s Restaurant Supply Business.
  • A portion of the Investment came from certain members of STEER and the Restaurant Supply Business’s respective management teams as part of the Investor Group.