Market Newsdesk

What’s New changelog is unique in the enterprise data catalog market     

AUSTIN, Tx., Dec. 14, 2020 (GLOBE NEWSWIRE) — data.world, the cloud-native enterprise data catalog company, today announced several new capabilities that enhance product usability and support for its customers’ agile data governance initiatives. Also today, the company introduced its public changelog, whatsnew.data.world, spotlighting new product updates. As the only SaaS-based enterprise data catalog with a continuous release cycle, the changelog is often updated multiple times per week.

New capabilities include:

• Simplified data and metadata search: The primary navigation drop-down menu now includes recently viewed items beyond datasets and projects, allowing users to quickly access metadata related-assets like glossary terms and tables. Search is now a feature of data.world’s public API with support for datasets, projects, insights, queries, tables, collections, files, glossary terms, and analysis resources.
• Lineage metadata collector: Automated lineage capabilities, powered by MANTA, are now incorporated into the data.world catalog collector (DWCC). This enables users to integrate technical lineage into their data catalog in a manner consistent with other metadata integrations.
• Team metrics and analytics: More than a dozen new reports provide teams with a 360-degree view of their data.world catalog status across multiple use cases. Reports include audit-level details on what queries are being run and by whom, including query text, for fast troubleshooting and effective auditing. This makes it easier for users to quickly address issues and drive greater productivity and efficiency into their data work.
• Metadata collectors for
  
  Microsoft PowerBI
  
  and
  
  DBT
  
  (private beta):  data.world is expanding its catalog of software integrations. Enterprise customers can now join a private beta program to access collectors to the popular data visualization and next-generation data transformation platforms. 
• Dynamic collections: It’s now easier for users to select which collections a resource belongs to. In just a few clicks, a user can add a business term or dashboard to multiple collections so that resources are understood, accepted, and accessible across multiple teams and projects within an organization.

“Our agile, continuous product development and release strategy is based largely on feedback from our customers,” said Jon Loyens, co-founder and Chief Product Officer at data.world. “We are constantly performing user interviews, A/B testing, and measuring tens of thousands of events throughout the platform. As a result we can address challenges around data discovery, data governance, and dataops faster and more comprehensively than anyone in our industry.”

To make it easier for customers to keep pace with its continuous platform updates—more than 1,000 releases this year alone—data.world launched whatsnew.data.world. This product changelog spotlights the latest product releases, enhancements, fixes, and integrations for the enterprise and community editions. It also includes details on upcoming features and helpful demo videos.

About data.world
data.world makes it easy for everyone—not just the “data people”—to get clear, accurate, fast answers to any business question. Our cloud-native data catalog maps your siloed, distributed data to familiar and consistent business concepts, creating a unified body of knowledge anyone can find, understand, and use. data.world is an Austin-based Certified B Corporation and public benefit corporation and home to the world’s largest collaborative open data community. Visit data.world for more information and expert guidance.

Media Contact
Ed Zitron, EZPR
Email: [email protected]

SAN FRANCISCO, Dec. 14, 2020 (GLOBE NEWSWIRE) — Farmstead, the first online grocer to offer fresh, high-quality groceries, delivered for free, at better prices than local supermarkets, announced today that it is now contribution-margin positive in its San Francisco hub (meaning the service is profitable on a per-order basis). Farmstead achieved this milestone without markups, service fees or delivery fees, and in the most competitive and highest-cost market in the US.

The keys to keeping Farmstead’s operating costs low have been:

• Buying wholesale, selling retail, which allows for margins without fees or excessive markups.
• Utilizing microwarehouses (dark locations), which have a delivery radius of 50 miles v. 5 miles for traditional stores and cost 1/10th as much to build.
• Its proprietary Grocery OS software for automatically procuring inventory while cutting food waste, and orchestrating order picking/packing/delivery to ensure cost-effective, reliable daily operations.

Since March, Farmstead’s average basket size has doubled, while it’s continued to perfect its Grocery OS software platform. This increase in revenue and efficiency, and decrease in costs driven by software and data, helped Farmstead reach this important profitability milestone. The news comes on the heels of Farmstead’s Series A funding announcement, and its expansion to both Charlotte and Raleigh-Durham, NC. Farmstead plans to expand to at least 14 more markets in 2021.

“The key to our becoming contribution-margin positive at this early stage has been our ability to programmatically predict our immediate future and also be hyper-efficient in our operations,” said Pradeep Elankumaran, Cofounder and CEO of Farmstead. “When you sell perishable products online, higher volume usually means higher losses and negative profits. In contrast, Farmstead’s Grocery OS stack helps cut perishable food waste to best-in-class, single-digit numbers, and transforms higher volume into lower pick and delivery costs. This means we reach per-order profitability faster. If we can do this in the expensive Bay Area market in under two years, we believe we can reach per-order profitability within one year in our expansion markets, where our operating costs are much lower. No other grocery e-commerce startup is taking this approach.”

About Farmstead

Farmstead is the first online grocer to offer fresh, high-quality groceries, delivered for free, at better prices than local supermarkets. Using AI technology, Farmstead has reinvented the grocery buying experience and rewired how food moves across the country, to significantly reduce food waste and fulfill its mission of making high quality, locally sourced food accessible to everyone. Visit https://www.farmsteadapp.com or follow @farmsteadapp.

Media contact:

Michelle Faulkner
617-510-6998
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/eb1834a6-cb34-4ae8-8402-a11a1db5bd9a

Philadelphia, PA, Dec. 14, 2020 (GLOBE NEWSWIRE) — via NewMediaWire — Pennexx Foods (PNNX):  Your Social Marketing Inc. is owned and operated by Mark LePera of Nashville, TN, a business network group. Mr. LePera stated, “Our affiliate network consists of over a million business connections. While utilizing YSO, I can quickly and inexpensively generate new sets of merchants and businesses and expand my real estate investors’ leads. I have been working with Mr. Candito and his incredible team for several months to introduce new clients to this ingenious new business marketing concept. YSO’s new feature allows me to offer my clients and business partners an innovative path to expand their sales and income.” Mr. LePera has been cultivating these partners and has already signed up two Nashville area Chamber of Commerce accounts, a national food delivery company, a group of fitness center franchisees, and numerous other variety of other large business groups. 

The concept of growing YSO’s customer base through these new venture-partners is essential for YSO’s exponential growth. Using these collaborative marketing partners across the country, the YSO brand can increase its sales force and its customer base much more rapidly than registering merchants one by one. Another crucial aspect of this recent revision to the YSO merchant portal is for non-profits and charities to fundraise and solicit donations while supporting the merchants who support them. Pennexx feels this revision, which allows “giving back,” is essential in keeping with our mission statement: To empower businesses with unique and affordable solutions, consumers with ubiquitous shopping options, and provide philanthropic opportunities for all.

One of our first non-profit partners is Bikes FOR Tykes. This charity, which provides bikes to underprivileged children, is already visible on YSO and working diligently to raise much-needed funds on our platform. Their current customers can donate while perusing their merchant partners for offers. Of course, sharing these offers on social media generates new customers and, therefore, more donations. https://yoursocialoffers.com/showCampaign.php?campId=191

YSO is honored to enjoy the company of Mr. LePera and his organization to our team. Mr. LePera’s input and creativity is an asset to YSO.  Sunny Sweet, CMO of Pennexx, says, “Mr. LePera brings a unique business and marketing background. He has an impressive team and appears to have access to endless resources to appropriate.” 

Mr. LePera’s Career achievements include real estate sales and development, business and real estate coaching, public speaking, prison ministry, and now social media marketing. 

You can locate Mark LePera daily on a Zoom.com meet up at noon EST, where he shares business ideas using the YSO platform. If you would like additional information, you can join this call at https://www.meetup.com/yoursocialofferings/.

About Pennexx Foods Inc. (PNNX: OTCMKTS US). Pennexx, through its wholly-owned subsidiaries, is a holding company within the Software/Internet Industry that focuses on social media, prepaid debit cards, BitGift™, artificial intelligence, targeted marketing, and consumer rewards.

Safe Harbor Act: This release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected.” You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report.

For additional information, visit our website at www.pennexx.net or call 866-928-6409. Please follow us on Twitter @Pennexx.

HUNT VALLEY, Md., Dec. 14, 2020 (GLOBE NEWSWIRE) — Per Os Biosciences LLC, a leading developer and manufacturer of innovative functional food and dietary supplement products, announces the issuance of U.S. Patent No. 10,765,658. The new patent covers a novel chewing gum composition with cannabidiol (CBD), and a method of treating all forms of pain experienced by consumers.

This is another patent added to Per Os’ growing portfolio of patents for its novel functional chewing gum products. Per Os has filed additional patent applications with the USPTO. This patented platform technology covers the inclusion of a wide range of functional active ingredients, including cannabinoids and terpenes, that combines a product format that has wide consumer acceptance with an efficient delivery mechanism. This is the only patented CBD chewing gum that covers all forms of pain.

“The granting of this additional patent for our novel chewing gum dosage form further validates the innovative nature of our platform technology and positions us well to offer our customers, and consumers, an alternative delivery system to gummies, pills, capsules and beverages,” said Bob Estey, CEO of Per Os. “We have the unique ability to incorporate single or multiple functional active ingredients into our tableted gum that provides our customers with unique custom chewing gum products that are patent protected. Consumers are actively seeking alternative delivery formats for the CBD wellness products they use. Chewing gum is a consumer-friendly, convenient and discrete way for consumers to quickly and efficiently obtain the health benefits they expect, including pain management.”

In addition to its proprietary MedCBDX gum and mints, Per Os offers custom product development, contract manufacturing and private label services for its chewing gum, lozenge/mint and chewable tablet product formats. Per Os has developed many tableted products with a wide range of functional active ingredients including dietary supplements, herbal extracts, probiotics and cannabinoids, and is best known as the supplier of caffeine chewing gum that the US Military used in its ration kits. Per Os currently has several unique development projects in process that utilize chewing gum as a novel 510-K medical device to deliver health benefits to patients.

About Per Os Biosciences

Per Os develops, manufactures and markets niche functional food and dietary supplement products in chewing gum, chewable tablet and lozenge/mint dosage formats. Per Os manufactures its products in full compliance with FDA GMP (good manufacturing practice) regulations in an FDA registered facility, that is also Kosher and Halal certified.

FOOD AND DRUG ADMINISTRATION (FDA) DISCLOSURE: The statements presented in this press release have not been evaluated by the FDA and are not intended to diagnose, treat, cure or prevent any disease.

LEGAL DISCLOSURE
Per Os does not develop, manufacture, sell or distribute any products that are in violation of the United States Controlled Substances Act (US.CSA).

STAMFORD, Conn., Dec. 14, 2020 (GLOBE NEWSWIRE) — The massive disruptions caused by COVID-19 have played a major role in the growth of digital services in the U.S. this year as enterprises changed their priorities and looked toward a more risky future that will require greater agility, according to a new report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.

The 2020 ISG Provider Lens™ Digital Business – Solutions and Service Partners report for the U.S. found that although managed services spending fell in the second quarter as the pandemic took hold, enterprises continued to invest in ongoing digital transformation efforts this year and even accelerated them to adapt to the new conditions.

“Projects that were supposed to take two years were compressed into two months,” said Jan Erik Aase, director and global leader, ISG Provider Lens Research. “Companies know that digital transformation can help them respond to disruptions, whether they are caused by health crises, political uncertainty or market fluctuations.”

The pandemic has caused many enterprises to shift their focus from growth to sustainability and cost-cutting, as well as to technologies such as remote collaboration for the new reality of work, the report says. The drive to adopt digital business solutions is more powerful than the macroeconomic challenges that companies are currently facing, and enterprises that have already embarked on this transformation journey may recover from the current crisis more quickly, ISG says.

U.S. enterprises have begun concerted efforts to reimagine the experiences of customers, employees and suppliers amid changing market dynamics and working conditions, the report says.

Reinventing business operations through digital transformation became a high priority for top executives during the crisis. Companies increasingly are running workloads in the cloud through software-defined infrastructure and leveraging new developments in automation, AI and cognitive technologies. Digital business service partners are helping companies carry out this transformation using Agile, Lean, DevOps and other methodologies in place of traditional waterfall development.

Digital consulting providers are now helping companies prepare to take advantage of opportunities that arise out of the crisis, offering services such as digital strategy design, organizational change management and process automation, ISG says. While digital transformation gives enterprises the agility to quickly respond to crises such as COVID-19, it can also provide the infrastructure to develop more advanced products and services and bring them to market faster and more effectively.

Many manufacturers and suppliers are now considering digital transformation of their supply chains to adapt to the changes wrought by the pandemic this year. After once looking at new technologies such as blockchain, IoT, AI, analytics and robotics as ways to make supply chains more efficient, companies now see them as tools to improve resiliency, the report says.

Blockchain adoption has grown amid the disruptions, with many early projects and use cases going from proofs of concept to production, ISG says. Gains in data access, trust and security make this technology attractive in the financial services sector as well as for the supply chain and other areas. Blockchain projects have relatively low costs and a short path to production of about 24 to 32 months, and providers are offering services to design and develop blockchain applications and manage them after deployment, the report says.

The 2020 ISG Provider Lens™ Digital Business – Solutions and Service Partners report for the U.S. evaluates the capabilities of 48 providers across five quadrants: Digital Business Consulting Services, Digital Customer Experience Services, Digital Product Life Cycle Services, Blockchain Services and Digital Supply Chain Transformation Services.

The report names Accenture, HCL, IBM and Wipro as leaders in all five quadrants. Cognizant and Infosys are named leaders in four quadrants, TCS and Tech Mahindra in three quadrants, and Hexaware and LTI in two. The report names BCG, Capgemini, Deloitte, EY, Mindtree, Publicis Sapient and PwC each as leaders in one quadrant.

In addition, Birlasoft and Capgemini each are named as “Rising Stars”—companies with a “promising portfolio” and “high future potential” by ISG’s definition—in two quadrants. Bain & Co., Cognizant, GlobalLogic, Infosys and Mindtree are named as Rising Stars in one quadrant.

Customized versions of the report are available from Hexaware and LTI.

The 2020 ISG Provider Lens™ Digital Business – Solutions and Service Partners report for the U.S. is available to subscribers or for one-time purchase on this webpage. 

About ISG Provider Lens™ Research

The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG’s global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG’s enterprise clients. The research currently covers providers offering their services globally, across Europe and Latin America, as well as in the U.S., Germany, Switzerland, the U.K., France, the Nordics, Brazil and Australia/New Zealand, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage.

A companion research series, the ISG Provider Lens Archetype reports, offer a first-of-its-kind evaluation of providers from the perspective of specific buyer types.

Starting this year, each ISG Provider Lens™ study will include a Global Summary to help enterprise subscribers better understand provider capabilities across all geographic markets covered by that study. All ISG Provider Lens™ reports also will now include an Enterprise Context feature to help executives quickly identify key insights related to their roles and responsibilities.

About ISG

ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 700 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.

# # #

NEW YORK, Dec. 14, 2020 (GLOBE NEWSWIRE) — Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of Kandi Technologies Group, Inc. (“Kandi” or the “Company”) (NASDAQ: KNDI) from March 15, 2019 through November 27, 2020 (the “Class Period”). The lawsuit filed in the United States District Court for the Eastern District of New York alleges violations of the Securities Exchange Act of 1934.

If you purchased Kandi securities, and/or would like to discuss your legal rights and options please visit Kandi Shareholder Class Action Lawsuit or contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected].

The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Kandi artificially inflated its reported revenues through undisclosed related party transactions, or otherwise had relationships with key customers that indicated those customers did not have an arms length relationship with Kandi; (2) the majority of Kandi’s sales in the past year had been to undisclosed related parties and/or parties with such a close relationship and history with Kandi that it cast doubt on the arms-length nature of their relationship; (3) all the foregoing, once revealed, was foreseeably likely to cast doubt on the validity of Kandi’s reported revenues and, in turn, have a foreseeable negative impact on the Company’s reputation and valuation; and (4) as a result, the Company’s public statements were materially false and misleading at all relevant times.

On November 30, 2020, Hindenburg Research (“Hindenburg”) published a report entitled: “Kandi: How This China-Based NASDAQ-Listed Company Used Fake Sales, EV Hype to Nab $160 Million From U.S. Investors.” Citing “extensive on-the-ground inspection at Kandi’s factories and customer locations in China, interviews with over a dozen former employees and business partners, and review of numerous litigation documents and international public records,” the Hindenburg report asserted that almost 64% of Kandi’s sales over the year have been to undisclosed related parties. The report also alleged that “[Kandi] has consistently booked revenue it cannot collect, a classic hallmark of fake revenue[.]”

Following publication of the Hindenburg report, Kandi’s stock price fell $3.86 per share, or 28.34%, to close at $9.76 per share on November 30, 2020.

If you wish to serve as lead plaintiff, you must move the Court no later than February 9, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

If you purchased Kandi securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/kanditechnologiesgroupinc-kndi-shareholder-class-action-lawsuit-stock-fraud-337/apply/ or contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected].

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.

ATTORNEY ADVERTISING. © 2020 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information

Matthew E. Guarnero
Bernstein Liebhard LLP
https://www.bernlieb.com
(877) 779-1414
[email protected]

VANCOUVER, British Columbia, Dec. 14, 2020 (GLOBE NEWSWIRE) — HUDSON RESOURCES INC. (“Hudson” or the “Company”) (TSX Venture Exchange “HUD”; OTC “HUDRF”) is pleased to announce that it has received the assays from its niobium and tantalum exploration project (the “Project”) located in its wholly owned Sarfartoq exploration license in southwestern Greenland. The niobium project is called Nukittooq which means “strong man” in Greenlandic to reflect the key characteristic of niobium as a strengthener of steel.

Hudson collected 38 samples from outcrop on the Project area (NR2020-13) which sits on the southern margin of the large Sarfartoq Carbonatite Complex which also hosts the Company’s ST1 Rare Earth Element (“REE”) deposit (https://hudsonresourcesinc.com/projects/sarfartoq-rare-earth-element-project/).

A total of 35 grab rock samples were taken from the outcrop approximately every three meters along the 112 meters of the roughly east-west trending structure that is coincident with an elevated radiometric anomaly. Three additional samples were also collected for mineralogical work along the same outcrop. Assay results for the key elements of niobium, tantalum and uranium are shown below in Table 1.

Highlights of the sampling program include:

• 35 grab samples reported an average grade of 19.35% Nb₂O₅, 0.27% Ta₂O₅, 0.38% U₃O₈
• Including a 30-meter section with 12 grab samples with an average grade of 32.35% Nb₂O₅
• The highest-grade grab sample reported a value of 48.50% Nb₂O₅, 1.21% Ta₂O₅, 1.08% U₃O₈

The mineral of economic interest in the Project area is pyrochlore (Na, Ca)₂Nb₂O₆(OH,F), a sodium – calcium niobate with common but minor substitution by tantalum, titanium, and uranium.  The Nukittooq project is one of several niobium targets within a one square kilometer area that the Company is evaluating. The targets have similar geology supported by historical high-grade niobium assays.

Pyrochlore mineralization at Nukittooq occurs as massive replacement, thin veins and disseminations within dilational zones of shear/breccia structures that cut Precambrian granite gneiss and diabase dikes. The pyrochlore is co-crystalline with aegirine, alkali feldspar, and ferric-biotite formed during metasomatism and mineralization by ultra-alkaline (fenite) solutions and coeval with dolomitic carbonatite stringers and veinlets. Some of the pyrochlore has undergone remobilization during later hydrothermal activity as evidenced by alteration overprinting.

Niobium and tantalum are vital to a wide range of products in the energy, infrastructure, transportation, medical and defense sectors. The EU and the United States have designated niobium and tantalum as critical to their security and wellbeing. There are only three primary producers of niobium in the world with typical mine grades ranging from 0.56% Nb₂O₅ to 2.5% Nb₂O₅.

The niobium price has averaged US$42/kg over the past five years with expected demand growth of 8%/annum. Tantalum currently trades at US$150/kg.

The grab samples were analysed by SGS Lakefield, Canada, and the laboratory has commenced mineralogical work, including QEMSCAN and microprobe analysis, which will assist to drive a metallurgical testwork program.

Jim Cambon, President commented: “These results are exceptional and confirm our belief that our Sarfartoq license hosts some of the highest-grade niobium mineralization reported by a public company. Mineralogical work has commenced which will allow us to rapidly move towards a metallurgical testwork program. We will be exploring similar targets in the near vicinity with an objective to commence a drill program in the first half of 2021. We are excited to be advancing this project which is an important part of our portfolio of critical and strategic minerals in Greenland.”

Table 1. Assay Result for the 35 grab samples

A map showing locations of the samples can be found on the company website at: https://hudsonresourcesinc.com/projects/niobium-and-tantalum/.

Hudson owns 100% of the Sarfartoq exploration license which hosts the Sarfartoq Carbonatite Complex, this includes the Company’s advanced Sarfartoq ST1 Rare Earth Element project which hosts 24 million kg of neodymium oxide and 8 million kg of praseodymium oxide which are key components in permanent magnets.  Hudson also holds a 31.1% interest in Hudson Greenland A/S which owns the White Mountain Anorthosite mine in Greenland, where the Company provides operational, marketing and sales support.

Dr. Michael Druecker is a Qualified Person, as defined by National Instrument 43-101, and reviewed the preparation of the geological and technical information in this press release.

ON BEHALF OF THE BOARD OF DIRECTORS

“Jim Cambon”

President and Director

For further information:

Ph: 604-628-5002

Forward-Looking Statements

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This News Release includes certain “forward-looking statements” which are not comprised of historical facts. Forward looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, an inability to complete the Offering on the terms or on the timeline as announced or at all, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.  

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Austin, Texas, Dec. 14, 2020 (GLOBE NEWSWIRE) — Simplifying one of the most challenging aspects of system design and installation, System Surveyor has enhanced the Cable Infrastructure functionality in its customer engagement and system design platform. Security professionals can now easily and quickly configure cable runs between planned devices on the digital software.  The Cable Path tool estimates cable lengths for a bill of materials and provides details for installation and cable pulls.    

The System Surveyor Infrastructure system type connects cabling (CAT5, Access Control, HDMI, Fiber, etc.) with the many other systems the platform supports. These include video surveillance, access control, intrusion detection, fire alarm, audio-visual systems, IT and communications, and more. Using the new “Flex Cabling” feature, system integrators, enterprise security staff, and other industry experts can:

• Show exactly how cable paths will run through a building;
• Bundle multiple cable types within the same cable path run;
• Estimate cable path lengths, enabling comparison with industry standard design guidelines and including allowance for up and down segments;
• Determine the total length of each cable type required for a project; and
• Run a cable path report that breaks out each run showing connected devices, each cable element in the cable path, and termination details on each end.

“Our new Flex Cabling feature was driven by customers, who can now more precisely design cabling on their digital floor plan and automate a bill of materials,” said Chris Hugman, System Surveyor CEO. “Many of our customers use outside contractors for system cabling. This enhancement makes it even easier to collaborate, plan, and capture cabling ‘as-built’ records with these important business partners. It all translates into faster installs, lower costs, and higher customer satisfaction.”

As part of the company’s ongoing commitment to its user community, System Surveyor has also added 25 new icon elements for easy drag-and-drop system design. These include elements in high demand such as Video Doorbells, Health Scan Kiosks, and Vape Sensors that are gaining significant adoption in the industry. Every element in System Surveyor has intelligent attributes to help guide users through critical data capture to improve pre- and post-sales implementation. 

For more information about Flex Cabling and the new icon elements, watch the video: https://systemsurveyor.com/flex-cable-path/.

System Surveyor announced new survey comments, accessories, and advanced reporting features in September, enabling project teams to better streamline the system design process and collaborate virtually.

“Our users will see many other platform enhancements in 2021 to help them manage system installation, reduce costs, and improve the overall experience for all stakeholders from system planning to long-term maintenance,” said Hugman.

A new customer impact study found that System Surveyor integrator customers achieve a 20 percent increase in sales conversions, 35 percent increase in time and efficiency savings, and a 10 percent increase in gross profit margin.

About System Surveyor

The System Surveyor mobile, SaaS-based platform enables everyone involved in system design, installation, and maintenance to collaborate on an unprecedented scale. Working together in one system of record, professionals can better plan and manage the systems organizations rely on every day: video surveillance, CCTV, access control, fire alarm, IT, building automation, AV, healthcare, and more. From system integrators to end customers to subcontractors, the benefits are increased sales, faster project completions, higher satisfaction, and enhanced long-term service levels. Try all features and collaboration of the product for free with a 5-person team for up to 21 days. Based in Austin, Texas, System Surveyor can be found at http://www.SystemSurveyor.com.

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