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Kraken Appoints Greg Reid as Chief Financial Officer and Grant Option
May 31, 2015
0

Kraken Sonar Inc.is pleased to announce that Greg Reid has joined the company as Chief Financial Officer (CFO), effective as of June 1, 2015.

Mr. Reid is a seasoned executive with over twenty years of finance,
investment, and business development experience, predominantly focused
on the technology sector. Most recently, Mr. Reid was co-founder and
President of GasGen Canada Ltd., a distributor of natural gas-based
industrial engine generators. From 2004 to 2011, Mr. Reid was a founding
partner of Wellington West Capital Markets Inc. and led the technology
and clean technology research and then investment banking efforts until
the sale of Wellington West Capital Inc. to National Bank Financial in
2011. Mr. Reid is a Charted Professional Accountant, Chartered
Accountant, (CPA, CA) and Chartered Financial Analyst (CFA).

The Company also announces that the board of directors of the Company has
approved the granting of 2,000,000 incentive stock options pursuant to
the Company’s Stock Option Plan to Mr. Reid. The options are exercisable
at a price of $0.21 per share. The options expire on June 1, 2020, with
the options granted vesting over the next three years on the following
schedule: 250,000 vesting six months following the date of grant,
250,000 vesting on the first anniversary of the date of grant, and an
additional 750,000 vesting on each of the second and third anniversary
of the original grant date.

“Greg is extremely well qualified to
serve as CFO,” said Karl Kenny, President and Chief Executive Officer of
Kraken. “His experience will be a strong complement to our executive
team and will be invaluable as we continue to drive our business
growth.”

Mr. Reid will replace Ms. Kim Evans as CFO. Kraken would
like to thank Ms. Evans for her exceptional insight, guidance and
knowledge as CFO as the company transitioned from being privately held
to publicly traded. Given Mr. Reid’s experience with capital markets, he
will also assume responsibility for all Investor Relations. As a result
of this, the Company will be centralizing this function in Toronto. The
Company would also like to thank Mr. David Bajwa for his insight and
guidance to the company during his tenure as Investor Relations for
Kraken and wish him well in his future endeavours.

ABOUT KRAKEN SONAR INC.
Kraken Sonar Inc.
is an industrial technology company, founded in 2012, that is dedicated
to the production and sale of software-centric Synthetic Aperture Sonar
(SAS) technology. The Company’s products have been sold to leading
defence contractors, commercial survey companies and research
institutions for producing real-time, ultra high resolution imagery and
bathymetry of the seabed. Marine Technology Reporter has twice
named Kraken to their MTR100 — a list of the 100 most influential
companies in the international marine technology marketplace. For more
information, please visit www.krakensonar.com.

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

Contact Information

For further information, please contact:

Glenda Leyte, Marketing Manager
(709) 757-5757 extension 242
gleyte@krakensonar.com

 

 
MEDIA ADVISORY: Exploring the Role of the Federal Government in Mental Health
May 31, 2015
0

In partnership with the Canadian Psychiatric
Association and the Canadian Psychological Association, The Economic
Club of Canada is pleased to host a representative from each major
federal political party as they share their perspectives on the role of
the federal government in supporting the mental health of Canadians.
While the federal government has direct responsibilities for a number of
populations (e.g. First Nations, Corrections Services, Military, Public
Servants), it also has an important collaborative and strategic role to
play with the provinces and territories when it comes to the provision
of mental health services and supports to Canadians.

WHO:

Cathy McLeod, Parliamentary Secretary to the
Minister of Health and for Western Economic Diversification, Member of
Parliament, Kamloops—Thompson—Cariboo

Murray Rankin, Q.C., M.P., Official Opposition Critic for Health, Deputy Critic for National Revenue, Member of Parliament, Victoria

The Honourable Hedy Fry, M.P., M.D., Vancouver Centre; Federal Liberal Critic for Health; Chair, BC Federal Liberal Caucus

Moderated By: Zul Merali, Ph.D. Vice
President Research, The Royal; President & CEO, uOttawa Institute of
Mental Health Research Founding Scientific Director, Canadian
Depression Research & Intervention Network

WHAT: MEDIA ADVISORY – “Exploring the Role of the Federal Government in Mental Health”
DATE: Tuesday, June 2nd, 2015
TIME: 7:30 am – 9:00 am
WHERE: The Fairmont Château Laurier – Laurier Room
1 Rideau Street, Ottawa

Contact Information

  • To confirm your attendance or for more information about the
    event, please contact: The Economic Club of Canada
    Natasha Hope Morano, B.A. (Hons.), MA, Vice President
    613-369-4363
    613-686-6568 (FAX)
    morano@economicclub.ca

 

 
Virgin Technologies Global Dealer Network Gaining Market Share
May 30, 2015
0

In the last three months Virgin
Technologies has signed eight international resellers, including
resellers in Africa, Sweden and the USA. Virgin Technologies
manufacturers its own line of Ku and Ka auto-aiming satellite antennas,
along with a wireless intercom system that provides any remote site an
instant networked office with telephony.

Driving this momentum is
an appetite in the marketplace for a well-established and proven
product priced very aggressively for customers purchasing in American
dollars. “I am finding that in marketplaces such as Latin America,
customers are frustrated by the lack of choice and once they learn about
our history and dealer network strategy, they have that ‘ah ha!’
moment,” notes Virgin Technologies International Sales Engineer Douglas
Girard. “It is very exciting to find customers who want to pass on our
hard earned lessons to their customers around the world.”

From a
technology standpoint, Virgin has invested heavily into creating a
trusted and reliable 1U DVB Controller so customers can move easily
between different satellite providers. “After a couple of big
international trade shows, we quickly recognized that the international
marketplace requires modem independence so they can shop around and
respond to their own needs,” comments Virgin Technologies President
Robert Smibert. “Our controller is extremely easy-to-use, and our
training school and certification can be completed in a day or less —
that is a big deal compared to the complexity of many of our
competitor’s controllers.”

The auto-aiming antenna marketplace
internationally is very competitive, as companies continue to bring on
smaller, lighter, and faster antennas, and many now with Ka band
capability. One of the more exciting international developments is the
highly anticipated Inmarsat’s Global Xpress (GX – Satellite Inmarsat-5
F2) launch in the Americas, which will provide fast Ka band service.
Accordingly Virgin recently integrated its modem into a Ka compatible
format to ensure it can offer the Global Xpress service to meet the
demands of the high appetite for high quality satellite coverage at
residential or small business price points. “I am hearing a lot of
excitement in the international marketplace for an antenna and
controller ready to go with Global Express,” notes Girard. “Again, being
able to pass that along to our international dealer network gives them
another great reason to trust Virgin as their antenna manufacturer of
choice.”

About Virgin Technologies
Virgin
Technologies Inc. was founded in 2001 and is based in the USA and
Canada. The company is a leading provider of reliable telecommunications
solutions to a wide range of individuals and organizations. Virgin
Technologies owns and operates its own iDirect teleport, manufactures
the VR series line of auto-aiming Ku and Ka satellite antennas,
manufactures Intercom solutions for use in hazardous locations, provides
sales and rentals of communication equipment including Internet over
satellite service, cellular repeaters, portable towers, VoIP phones and
service, handheld satellite phones and portable VHF / UHF radios.

Contact Information

Contact:
Ted Naylor
780-469-4470
tnaylor@virgintechnologies.com

 

 
Northern Frontier Corp. Announces Grant of Share Options
May 29, 2015
0

Northern Frontier Corp. announces that the board of directors (the “Board“) has granted the following share options (“Options“) to the independent directors of the Corporation:

  • 400,000 Options entitling the holder to acquire up to an aggregate of 400,000 common shares of the Corporation (the “Shares“)
    at an exercise price of $0.51 per Share which represents the 10 day
    volume weighted average price of the Corporation’s Shares.

All Options were granted under the Corporation’s Option plan,
have a five-year term and vest (as to one third of the number of Shares
that may be purchased) on the first, second and third anniversaries of
the date of grant. The Options were granted in normal course, as part of
the Board’s annual compensation review.

About Northern Frontier Corp.

Northern Frontier’s strategic objective is to create a large
industrial and environmental services business through a buy and build
growth strategy. Currently, the Corporation provides civil construction
and excavation services to the industrial industry, primarily in the in situ Oilsands region south of Fort McMurray, Alberta and bulk water and fluids transfer logistic services in western Canada.

Contact Information

  • Northern Frontier Corp.
    Chris Yellowega
    President and Chief Executive Officer
    587.350.7232
    cyellowega@nfcorp.caNorthern Frontier Corp.
    Monty Balderston
    Executive Vice President and Chief Financial Officer
    587.350.7231
    mbalderston@nfcorp.caNorthern Frontier Corp.
    400, 435 – 4th Avenue SW
    Calgary, AB T2P 1H4
    www.nfcorp.ca