TORONTO, July 09, 2024 (GLOBE NEWSWIRE) -- CloudMD Software & Services Inc. (TSXV: DOC, Frankfurt: 6PH) (the "Company" or "CloudMD"), an innovative health services company transforming the delivery of care, and CPS Capital, an entrepreneurial investment firm partnering with businesses and teams to realize their growth goals, are pleased to announce the successful completion of the previously announced goprivate transaction (the "Transaction") pursuant to which, among other things CPS Capital (through an aff ...

TORONTO, June 27, 2024 (GLOBE NEWSWIRE) -- CloudMD Software & Services Inc. (TSXV: DOC, Frankfurt: 6PH) (the "Company" or "CloudMD"), an innovative health services company transforming the delivery of care, is pleased to announce that its securityholders approved the special resolution authorizing the previously announced plan of arrangement (the "Arrangement") with CPS Capital (through an affiliate) (the "Purchaser"). Pursuant to the Arrangement, the Purchaser will, among other things, acquire all of the i ...

| --- | --- | --- | --- | --- | --- | --- | |------------|----------------------|---------------|-----------------------|-----------|---------------|--------------| | Note Class | Amount (in millions) | Interest Rate | Average Life (years) | Price | S&P's Rating | DBRS Rating | | A | $197.340 | 5.88% | 0.67 | 99.99551% | AAA | AAA | | B | $58.420 | 5.68% | 1.69 | 99.98558% | AA | AA | | C | $74.980 | 5.76% | 2.39 | 99.97978% | A | A | | D | $44.390 | 6.22% | 3.23 | 99.98085% | BBB | BBB | | E | $61.180 | 8. ...

NORTON, Mass., June 25, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) ("CPS" or the "Company") today announced that it has been awarded a Phase II SBIR contract from the U.S. Navy Air Systems Command (NAVAIR). With funding of more than $1 million over 30 months, CPS will continue its development of novel metal matrix composites (MMCs) for thermal energy storage to address the requirements of NAVAIR's Advanced Anti-Radiation Guided Missile - Extended Range (AARGM-ER) program. Safe Harbo ...

Core Insights - CPS Technologies Corporation has been awarded a Phase II SBIR contract from the U.S. Navy Air Systems Command (NAVAIR) with funding exceeding $1 million over 30 months to develop metal matrix composites for thermal energy storage [1][5] - The AARGM-ER program aims to suppress or destroy enemy air defenses, focusing on mobile, re-locatable integrated air defense targets, and advanced thermal energy storage is crucial for long-range strike capabilities [3][6] Company Developments - During Phase I, CPS successfully demonstrated the use of aluminum and phase-change materials, including nitinol composites, for compact thermal energy storage devices [2] - The University of North Texas will act as a subcontractor during Phase II, leveraging its expertise in nitinol applications [2] - CPS's MMCs are designed to provide advanced thermal energy storage solutions for various applications, including avionics, weapons, and high-pulse power modules, while being lightweight and dimensionally stable [6] Strategic Importance - The contract represents CPS's first Phase II award since renewing its commitment to the federal government's SBIR/STTR programs, highlighting the company's ability to execute its long-term growth strategy through advanced product development [5] - CPS's products address critical needs across multiple sectors, including electric vehicles, wind turbines, and defense applications, emphasizing its role as a technology and manufacturing leader [6]

Core Viewpoint - CloudMD Software & Services Inc. has received recommendations from leading independent proxy advisory firms ISS and Glass Lewis to vote "FOR" the proposed go-private transaction with 1480775 B.C. Ltd., an affiliate of CPS Capital LP, highlighting the strategic and financial benefits of the Arrangement [13][14][6]. Company Overview - CloudMD is a North American healthcare service provider focused on empowering healthier living through advanced technology and a national network of healthcare professionals [4][10]. - The company offers health and productivity tools to hospitals, clinics, and other healthcare service providers to enhance care delivery [11]. Meeting and Voting Details - A special meeting for securityholders will be held on June 27, 2024, at 10:00 a.m. (Toronto time) via audio webcast [16]. - Securityholders are encouraged to read the management information circular dated May 29, 2024, and vote before the proxy deadline of June 25, 2024, at 10:00 a.m. [7][8]. Advisory Firm Recommendations - The ISS report emphasizes that the Arrangement provides certain and immediate value to investors, which may not have another opportunity for liquidity [6]. - Both ISS and Glass Lewis's endorsements validate the belief that the Arrangement is in the best interests of shareholders [14]. Board Recommendation - The board of directors of CloudMD unanimously recommends that shareholders and optionholders vote "FOR" the Arrangement [15].

Core Points - CloudMD Software & Services Inc. is proposing an arrangement to be approved by its securityholders, which includes a cash consideration of $0.04 per share held [3][7] - The special meeting for securityholders is scheduled for June 27, 2024, to discuss the arrangement [4][8] - The arrangement follows a strategic review process initiated in August 2022, which involved evaluating various potential acquisition offers [5][7] Arrangement Details - The arrangement agreement was made with 1480775 B.C. Ltd., an affiliate of CPS Capital LP, to acquire all issued and outstanding shares of CloudMD [3] - The arrangement aims to provide capital to support the company's business and ensure its ongoing viability [5] - The cash consideration offers certainty of value and immediate liquidity to securityholders [5][6] Board and Special Committee Insights - The Board of Directors and the Special Committee unanimously recommend that securityholders vote in favor of the arrangement resolution [7] - A fairness opinion from INFOR Financial Inc. concluded that the cash consideration is fair from a financial perspective [5][7] - The recommendation is based on the assessment of risks and uncertainties affecting the company's current business plan [5][7] Meeting and Voting Information - Securityholders are encouraged to read the management information circular available on CloudMD's website and SEDAR+ [2][8] - The proxy voting deadline is set for June 25, 2024, at 10:00 a.m. (Toronto time) [8] - Assistance for voting can be obtained from Laurel Hill Advisory Group [9]

CALGARY, Alberta, May 23, 2024 (GLOBE NEWSWIRE) -- Canadian Premium Sand Inc. ("CPS" or the "Company") (TSXV: CPS) is pleased to announce its second quarter 2024 financial results. The Company's interim financial statements and notes thereto and Management's Discussion and Analysis for the three and six months ended March 31, 2024, are available under CPS's SEDAR+ profile. Highlights The Company devoted its time and resources during the three-month period ended March 31, 2024, to advancing its integrated pa ...

Company Participants Conference Call Participants Good morning, everyone and welcome to the CPS Technologies' First Quarter Earnings Call. At this time, all participants have been placed on a listen-only mode and we will open the floor for questions after the presentation. Charles Griffith But first, Chris Witty, our Investor Relations Advisor will provide a brief Safe Harbor statement. Chris? These uncertainties include, but are not limited to, the wars in Ukraine and Israel, other geopolitical events, eco ...

Conference Call The Company will be hosting its first quarter 2024 earnings call at 9:00 am on May 2, 2024. Those interested in participating in the conference call should dial the following: Call in Number: 1-844-943-2942 Participant Passcode: 175645 The Company encourages those who wish to participate to call in 10 minutes before the scheduled start time to ensure the operator can connect all participants. Exhibit 99.1 Investing to Drive Higher Growth as the Year Progresses ● Revenue of $5.9 million for t ...