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Huisman and Eavor to collaborate on next generation drilling technology

ROTTERDAM, The Netherlands and CALGARY, Alberta, Sept. 30, 2020 (GLOBE NEWSWIRE) — Huisman Equipment B.V. (“Huisman”) and Eavor Technologies Inc. (“Eavor”) are pleased to announce an agreement to collaborate on the design and construction of the next generation of highly automated drilling technology focused on the implementation of Eavor’s geothermal solution (“Eavor-Loop™”) on a massive scale.

Eavor is working on several potentially disruptive drilling innovations which will expand the geographic deployment opportunities for the Eavor-Loop™ technologies while also improving capital efficiency. Huisman, as a leading designer and manufacturer of automated drilling equipment, is ideally suited to integrate Eavor’s drilling innovations into new highly automated drilling factories dedicated to efficiently manufacturing Eavor-Loops. These drilling factories will reduce Eavor-Loop™ construction costs, with improved drilling speeds and reduced operating costs, while also providing maximum worker and environmental safety.

“We have followed the development of Eavor’s scalable clean dispatchable energy solution and became convinced that we could help Eavor move its solution to the next level with our innovative rig design capabilities. Working together with Eavor’s team, we are designing and developing new drilling rigs that will facilitate Eavor-Loop™ implementation on a massive scale.” – David Roodenburg, CEO of Huisman.

“The Eavor-Loop™ solution, initially developed and demonstrated in North America, will now benefit from our relationship and combined efforts with Huisman to reach our cost target of $50/MWh or less for clean dispatchable power and contributes to our ambition to enhance capital efficiency. To this end we look forward to a long and close collaboration with Mr. David Roodenburg and his team at Huisman.” – John Redfern, President and CEO, Eavor Technologies Inc.

Further alignments between the two companies include:

  • Huisman has been designated as one of Eavor’s Preferred Licensed Solution Suppliers; and
  • Huisman Geo and Eavor are to jointly explore Eavor-Loop™ development opportunities;

“We have followed the achievements of Eavor and see that their closed-loop geothermal system solution could potentially be competitive with mainstream renewable solutions, as it enhances the complex features of traditional geothermal exploration. Specifically, the fact that the Eavor-Loop™ system does not rely on subsurface reservoirs is a huge advantage.” – Peter de Vin, Director Huisman Geo

“Eavor, for some time now, has been working with an excellent and enthusiastic group of professionals and technicians at Huisman on new highly automated multi-derrick drilling rigs incorporating the latest in machine learning. We are thrilled to continue this relationship and believe the Eavor-Loop™ solution is now, more than ever before, poised to provide a uniquely scalable source of emissions-free, baseload and dispatchable power to the world.” – Matt Toews, CTO, Eavor Technologies Inc.

“Our collaboration with Huisman extends beyond custom rig design. Eavor will be in close collaboration with Huisman, and our other partners, for the commercialization of Eavor-Loop™ throughout Europe and in markets globally.” – Robert Winsloe, EVP Sales & Marketing, Eavor Technologies Inc.

About Huisman Equipment B.V.:
Huisman is a worldwide supplier of step changing technical solutions to the world’s leading companies in renewable energy, oil and gas, civil, naval and entertainment markets. The projects vary from stand-alone components to highly engineered integrated systems, from concept to installation and lifetime support. The Huisman operations are divided between the offices in The Netherlands, Brazil, China, Czech Republic, Norway, Singapore and the USA and the facilities in The Netherlands, Brazil, Czech Republic and China.
See: www.huismanequipment.com

Huisman Geo, a fully owned subsidiary founded in 2018, focuses on operations and development of the geothermal energy market and the development of sustainable solutions towards affordable and clean energy. Huisman Geo combines the extensive design and manufacturing knowledge of Huisman, with the operational experience of drilling multiple wells in the European and US hydrocarbon and geothermal land drilling market.

About Eavor Technologies Inc:
Eavor (pronounced “Ever”) is a technology-based Energy company led by a team dedicated to creating a clean, reliable and affordable energy future on a global scale. Eavor’s solution (Eavor-Loop™) represents the world’s first truly scalable form of clean dispatchable power. Eavor achieves this by mitigating or eliminating many of the issues that have hindered traditional geothermal solutions. As a completely closed-loop system, Eavor has the advantage of no fracking, no GHG emissions, no earthquake risk, no water use, no produced brine or solids, and no aquifer contamination. Eavor instead circulates a benign working fluid which is completely isolated from the environment in a closed-loop, through a massive subsurface radiator. This “radiator” simply collects heat from the natural geothermal gradient of the Earth via conduction, at geologically common and drilling accessible rock temperatures. Unlike traditional geothermal, Eavor is not burdened with exploratory risk or limited to niche geographies through the need for highly permeable aquifers at volcanic-like temperatures. Unlike wind and solar, Eavor-Loop™ is not intermittent, but instead produces much-needed reliable baseload power. Eavor-Loop™ plus solar provides a way to offset the intermittency and daylight profile of solar without the need for batteries. With Eavor-Loop™, Earth is your Battery™, and it comes pre-charged for 30+ years of zero emission, clean, dispatchable generation. Eavor is the solution the world has been waiting for. See: www.eavor.com

Quick facts:

  • The Eavor-Loop™ technology harnesses the Earth’s natural heat kilometers underground to be used at surface for heating or electricity generation. While the geothermal energy production is not new, Eavor’s technology is highly scalable and holds the promise to be a significant global energy source which does not have the intermittency issues of traditional renewable power systems.
  • The Eavor-Lite™ demonstration project is designed to showcase Eavor’s unique and proprietary design elements. The demonstration project was completed in 2019 and has proven the technology at near-commercial scale. The Eavor-Lite facility continues to operate and serves as a testbed and proxy for continued testing and modelling of commercial Eavor-Loop™ implementations globally.
Related Information:
https://eavor.com/eavor-lite/ https://vimeo.com/301259525
Media Contacts
HUISMAN EQUIPMENT B.V. Eavor Technologies Inc.
David Roodenburg – CEO John Redfern – President and CEO,
+31 (0)88 070 2222 +1-650-269-2501
info@huisman-nl.com info@eavor.com
www.huismanequipment.com www.eavor.com

Crypto Millions Lotto named “Official Online Lottery Partner” of Serie A Club Atalanta B.C.

Professional football club in Italy forms partnership with world’s biggest digital lottery

Crypto Millions Lotto named Official Online Lottery Partner

LONDON, Sept. 30, 2020 (GLOBE NEWSWIRE) — via CryptoCurrencyWire — Crypto Millions Lotto, the world’s biggest digital lottery, has been named as the Official Online Lottery Partner of Italian Serie A club Atalanta B.C.

It’s the first-ever partnership between an online lottery and a Serie A club. A coming together of two organisations, rising stars in different industries, that share the same bold approach.

Both organisations are known for punching above their weight. Crypto Millions Lotto disrupts traditional lotteries by offering jackpots many times larger than their more established national competitors. Atalanta B.C. have established themselves as a top performer, finishing third in Serie A last season, ahead of some the world’s best-known clubs.

To demonstrate the pioneering approach of this partnership, one of the major steps it will take is to bring the world’s most widely used alternative currency, Bitcoin, into the mainstream.

Commenting on the partnership, Crypto Millions Lotto CEO Sulim Malook said, “We are delighted to have found a partner that has the same disruptive approach as us. With their outstanding performances in Serie A, and having established themselves on the world stage, Atalanta B.C. were an obvious choice of partner for us. This is going to be an exciting year for us both. We are planning to add a number of new lotteries to our site plus the ability to play using credit cards, whilst Atalanta B.C. will be mixing it with Europe’s elite clubs as they challenge for the Champions League again. We’re big football fans and we’ll be supporting them all the way.”

Romano Zanforlin, Commercial Director of Atalanta B.C., said, “We’re excited to partner with Crypto Millions Lotto, an ambitious company that is keen to increase its exposure with the help of Atalanta Bergamasca Calcio’s brand and global reach. We look forward to developing our relationship, which will also see our brand reach new audiences in Asia, Eastern Europe and Latin America.”

About Crypto Millions Lotto
Crypto Millions Lotto is a lottery licensed to operate in more than 180 countries. Jackpots are fully insured and start at a whopping US$30 million, and roll over each draw until they’re won, which on average is every 3½ weeks. Draws are based on the outcome of the German National Lottery, which has been operational since 1955 and is televised twice weekly. This unbreakable link gives Crypto Millions Lotto complete fairness and transparency. Soon, players will be allowed to join the world’s biggest lottery syndicate and play using digital tokens.

Crypto Millions Lotto is the trading name of UK based Wilmington Holdings PLC.

For more information, visit https://www.cryptomillionslotto.com/

About Atalanta Bergamasca Calcio
Atalanta is a professional football club based in Bergamo that plays in Serie A, Italy’s premier league. The club is nicknamed La Dea, the Nerazzurri and the Orobici. Founded in 1907, Atalanta play in black-and-blue colours. Their stadium is the 21,300 seat Gewiss Stadium.

In 2019-20, Atalanta reached the quarter finals of the UEFA Champions League and were beaten by finalists Paris Saint-Germain. They have managed to qualify for the same competition this 2020-21 season and hope to better last season’s achievements.

For more information, visit https://www.atalanta.it/

For media/press inquiries contact: 
info@cryptomillionslotto.com
info@atalanta.it

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0a24ed7d-ad9a-4fd4-bf7e-168d11d09b70

Bristow to continue delivering UK SAR helicopter service for HM Coastguard under extended contract

S-92 Search and Rescue aircraft

S-92 Search and Rescue aircraft

  • Bristow received a contract extension until 31 December 2026 to provide search and rescue services for the Maritime and Coastguard Agency (MCA)
  • The extension of the current contract allows Bristow to cost-effectively introduce new capabilities into the existing helicopter fleet and to explore technologies which may be of benefit in future contracts
  • Bristow will continue to provide support to HM Coastguard with a modern fleet of 11 AW189 and 10 S92 SAR equipped aircraft at 10 strategic locations around the UK

ABERDEEN, Scotland, Sept. 29, 2020 (GLOBE NEWSWIRE) — Bristow Helicopters Limited has been awarded a contract extension to continue delivering UK search and rescue (SAR) helicopter service for HM Coastguard, the emergency response service of the Maritime and Coastguard Agency (MCA).

Bristow will continue its role as a key enabler in the search and rescue community under an extended contract confirmed by the MCA. The UK’s current commercial contract for search and rescue helicopter service provision to HM Coastguard was awarded to Bristow in March 2013. The extended contract will run through 31 December 2026 and will facilitate the procurement process for the next contract, known as the UKSAR2G programme.

“Our specialist teams have worked tirelessly, diligently and with unquestionable pride to ensure the transition from a military and coastguard operation to a fully commercialised SAR helicopter service,” said Alan Corbett, chief executive of Bristow Helicopters Limited and Senior Vice President for Europe, Africa, Middle East, Asia and Search and Rescue.

“We have, throughout the years since, committed ourselves to delivering a service that is equal to or better than that which it replaced. The post-implementation report commissioned by the MCA, prepared by QinetiQ, confirms the success of that process, and the achievement of many of the goals identified as key measures of success,” he said.

“Bristow remains fully committed to working with the MCA to realise its remaining goals. The extension of the current contract allows us to cost-effectively introduce new capabilities into the existing helicopter fleet and to explore technologies which may be of benefit in future contracts.”

Employing approximately 360 people, Bristow operates from 10 strategically located SAR helicopter bases around the UK on behalf of Her Majesty’s Coastguard to respond to all SAR incidents for the whole of the UK.

About HM Coastguard

HM Coastguard is a frontline delivery and emergency response organisation which is part of the Maritime and Coastguard Agency.

HM Coastguard provides a UK-wide maritime emergency prevention and response capability which responds to calls for help by radio, satellite or the 999 service and coordinates maritime search and rescue (SAR) within the UK SAR region. The agency helps approximately 25,000 people each year with 21,000 incidents coordinated by its rescue centres.

For further information please contact:
Maritime and Coastguard Agency Press Office
Public.relations@mcga.gov.uk
0203 8172222

About Bristow Helicopters Limited

Bristow Helicopters Limited is the provider of helicopter search and rescue (SAR) services in the UK, on behalf of Her Majesty’s Coastguard. Bristow Helicopters has a long history of providing world class SAR services, beginning in 1971 at RAF Manston, and has flown more than 60,000 SAR operational hours in the UK and conducted over 15,000 SAR missions, during which more than 7,000 people have been rescued by Bristow crews and helicopters. For more information on Bristow’s SAR operations, please visit www.bristowgroup.com.

Bristow Helicopters Limited has served the offshore oil transport industry in the UK for nearly 60 years. Bristow Helicopters Limited is an affiliated company of Bristow Group Inc.

Bristow Group Inc.
Adam Morgan
Director, Global Communications
+1 281.253.9005
adam.morgan@bristowgroup.com

Bristow Helicopters Communications
Alan Gorham, BIG Partnership on behalf of Bristow
alan.gorham@bigpartnership.co.uk
07483288807

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b71dd0f0-03c0-4c70-941c-d2ff55f66fb0

Pricing of CNH Industrial Capital LLC $500 million notes

London, September 29, 2020

CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) today announced that its wholly owned subsidiary, CNH Industrial Capital LLC, has priced $500 million in aggregate principal amount of 1.875% notes due 2026, with an issue price of 99.761%. The offering is expected to close on October 6, 2020, subject to the satisfaction of customary closing conditions.

CNH Industrial Capital LLC intends to add the net proceeds from the offering to its general funds and use them for working capital and other general corporate purposes, including, among other things, the purchase of receivables or other assets in the ordinary course of business. The net proceeds may also be applied to repay CNH Industrial Capital LLC’s indebtedness as it becomes due.

The notes, which are senior unsecured obligations of CNH Industrial Capital LLC, will pay interest semi-annually on January 15 and July 15 of each year, beginning on January 15, 2021, and will be guaranteed by CNH Industrial Capital America LLC and New Holland Credit Company, LLC, each a wholly owned subsidiary of CNH Industrial Capital LLC. The notes will mature on January 15, 2026.

Citigroup Global Markets Inc., Barclays Capital Inc., Morgan Stanley & Co LLC. and RBC Capital Markets, LLC are acting as joint book-running managers and the representatives of the underwriters for the offering, and Deutsche Bank Securities Inc., BBVA Securities Inc., Goldman Sachs & Co. LLC and MUFG Securities Americas Inc. are acting as joint book-running managers for the offering. The offering is being made pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission on March 15, 2019. Copies of the preliminary prospectus supplement and prospectus for the offering may be obtained by contacting Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Telephone: 1 (800) 831-9146, Email: prospectus@citi.com; Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Telephone: 1 (888) 603-5847, Email:
barclaysprospectus@broadridge.com; Morgan Stanley & Co LLC., 180 Varick Street, New York, NY 10014, Attn: Prospectus Department, Telephone: 1 (866) 718-1649, Email: prospectus@morganstanley.com; or RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor, New York, NY 10281, Attn: Transaction Management, Telephone: 1 (866) 375-6829, Email: rbcnyfixedincomeprospectus@rbccm.com.  Copies of the preliminary prospectus supplement and the accompanying prospectus for the offering are also available on the website of the U.S. Securities and Exchange Commission at http://www.sec.gov.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of these securities, nor shall there be any sale of these securities, in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

CNH Industrial Capital LLC is an indirect wholly owned subsidiary of CNH Industrial N.V. and is headquartered in Racine, Wisconsin.  As a captive finance company, the primary business of CNH Industrial Capital LLC and its subsidiaries is to underwrite and manage financing products for end-use customers and dealers of CNH Industrial America LLC and CNH Industrial Canada Ltd. (collectively, “CNH Industrial North America”) and provide other related financial products and services to support the sale of agricultural and construction equipment sold by CNH Industrial North America. CNH Industrial Capital LLC and its subsidiaries also provide wholesale and retail financing related to new and used agricultural and construction equipment manufactured by entities other than CNH Industrial North America. CNH Industrial Capital LLC’s principal executive offices are located at 5729 Washington Avenue, Racine, WI 53406, and the telephone number is +1(262) 636-6011.

Contacts:

Corporate Communications

Email: mediarelations@cnhind.com

Investor Relations

Email: investor.relations@cnhind.com

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Conagen Wins SynBioBeta Award for Non-GMO Human Milk Oligosaccharide and Human Lactoferrin

Company announces yet a third offering for infant formula fortification, FBA, a compound which delivers butyrate to the infant gut while retaining the accepted flavor of formula for babies’ palates.

Bedford, Mass., Sept. 29, 2020 (GLOBE NEWSWIRE) — SynBioBeta’s (SBB) Synthetic Biology Global Conference awarded Conagen the “Best Product of the Year” for its human lactoferrin and non-GMO human milk oligosaccharide (HMO.)

Human lactoferrin is a critical iron-binding compound for immunity and iron nutrition. HMOs are important nutritional compounds only found in human milk. The most abundant HMO in human milk is 2’-fucosyllactose (2’FL), and it is responsible for promoting good gut bacteria, strengthening the gut barrier function, and suppressing pathogens.

“Conagen is honored to accept this award from SynBioBeta for our human lactoferrin and non-GMO HMO infant formula ingredients, but we do not intend to stop there. We are dedicated to continuously improving infant health and nutrition by expanding our portfolio with many more innovative infant formula ingredients,” said VP of Innovation, Dr. Casey Lippmeier.

In addition to their human lactoferrin and non-GMO HMO and products, Conagen is the first company to commercialize an odorless and tasteless butyrate releaser, otherwise known as FBA. FBA delivers butyrate, a short-chain fatty acid that helps infants develop gut and immune systems for mitigating a number of pathologies, including common food allergies to cow’s milk(1). It is an important health postbiotic and probiotic molecule for building gut health and immunity.

While Conagen’s FBA has been licensed in the infant formula space, there are partnership opportunities still available in applications spanning food and beverage, medical nutrition, dietary supplements, and pharmaceuticals.

“Today we are announcing our third offering for infant formula fortification, a compound which delivers butyrate to the infant gut in a way which safely conveys its important, well-characterized post-biotic effects, while retaining the accepted flavor of formula for babies’ palates,” said Lippmeier.

About Conagen

Conagen is making the impossible possible. Our scientists and engineers use the latest synthetic biology tools to develop high-quality sustainable nature-based products through systems of manufacturing on a molecular level and fermentation basis. We focus on the bioproduction of high-value ingredients for food, nutrition, flavors and fragrances, pharmaceutical, and renewable materials industries. For more information, visit www.conagen.com

Reference (1):Canani, Roberto Berni, et al. “Lactobacillus rhamnosus GG-supplemented formula expands butyrate-producing bacterial strains in food allergic infants.” The ISME journal 10.3 (2016): 742-750.

Attachment

Ana Arakelian
Conagen
Office: +1-781-271-1588 and Cell: +1.781.353.9028
ana.arakelian@conagen.com

Study finds brands have yet to create the post-COVID-19 digital and mobile experiences customers value most Many pandemic-induced behaviors are here to stay, presenting digital transformation opportunities, according to a study conducte

Sinch Customer Engagement In A Transformed World
Study finds brands have yet to create the post-COVID-19 digital and mobile experiences customers value most.

STOCKHOLM and SEATTLE — September 29, 2020 — A new global study, commissioned by Sinch (Sinch AB (publ) – XSTO: SINCH), finds COVID-19-induced behaviors such as avoiding crowds, flying, and dining out are here to stay, even in a post-pandemic world.

According to the study (downloadable here) from Sinch, a global leader in cloud communications for mobile customer engagement, even when the pandemic is over, 58% of people will continue to avoid crowds, 52% will avoid unnecessary travel, 46% will spend less time inside stores and 45% will dine out less often.

The study also found that, despite a decade of digital transformation, brands have yet to deliver the most useful digital and mobile experiences people say they want in a post-pandemic world, like making and confirming appointments by text, receiving personalized videos, or being able to message with banks, doctors and other service providers. The research report explores the opportunities available for brands nimble enough to transform the value they bring to customers.

Communicating with businesses, friends, and family via messaging, video, and other mobile/online services — instead of in-person — are also behaviors that will endure. As digital communication overtakes physical interactions, organizations are playing catch-up at record speeds, creating demand for new levels of digital and mobile services that businesses have yet to fulfill. But many organizations don’t know which channels their customers prefer and have siloed internal systems and data making it harder to deliver the most valuable content in the most valued channel at the right time.

What makes this moment particularly powerful is that just as customers are turning away from physical interactions and transactions, the ecosystem of tools and channels that empower digital conversations is exploding. Facebook Messenger and WhatsApp, the most popular messaging apps in the world, now claim 3.3 billion monthly active users. And yet, the research shows enterprise brands have been slow to innovate via messaging.

This opportunity is quantified by the gaps between the services customers already use and what they say would be very useful. For example:

  •        91% want mobile notifications of suspicious activity (e.g., banking), but currently, only 31% receive them
  •        89% would find notifications about a service outage useful, but only 27% today receive them
  •        88% would consider it valuable to have information about urgent public health care issues delivered by text or messaging, but only 24% currently receive this service
  •        73% want to receive personalized videos (e.g., an illustration of services performed by an auto mechanic), but only 16% currently do
  •        88% want to make an appointment by text or messaging, but today only 36% of people are able to
  •        Similarly, 52% of respondents today have confirmed an appointment by text or messaging but 94% would value this service
  •        75% would appreciate getting reminders by text about items left in an online shopping cart, whereas just 39% currently do
  •        Just 14% of people today use any kind of mobile or online health assessment with a medical provider, something that 78% would like
  •        41% currently receive personal discounts via text or messaging but 86% would value this offering

Using next-generation messaging, voice, video, and chatbots, global companies can now have highly personalized conversations with their customers at scale. Not only does this drive better customer experiences but real business value in terms of increased sales, decreased costs, or an uptick in customer loyalty.

“Global brand leaders have heard the drumbeat of ‘mobile transformation’ for years, but the COVID-19 crisis, and its impact on individual behavior, brings the need into sharp focus. This research shows that these behaviors aren’t going to change, and brands need to adapt accordingly for the long haul,” said Jonathan Bean, CMO of Sinch. “Customers are now overwhelmingly mobile-first, and they want utility at the press of a button: the ability to reserve, confirm, purchase, cancel, inform, entertain, and seek connections in an intuitive, personalized way. Customers are ready for these kinds of AI-powered conversations across channels on their mobile devices, and brands are in a high-speed race to provide all of these digital interactions … and more.”

The online study of 2,890 consumers across 14 countries was conducted by Mantis Research between July 24 to August 9, 2020. To read the full report, visit https://go.sinch.com/PR.

About Sinch
Sinch brings businesses and people closer with tools enabling personal engagement. Its leading cloud communications platform lets businesses reach every mobile phone on the planet, in seconds or less, through mobile messaging, voice and video. Sinch is a trusted software provider to mobile operators, and its platform powers business-critical communications for many of the world’s largest companies. Sinch has been profitable and fast-growing since its foundation in 2008. It is headquartered in Stockholm, Sweden, and has local presence in more than 30 countries. Shares are traded at NASDAQ Stockholm: XSTO:SINCH. Visit us at sinch.com.

For further information, please contact
Jeff Hasen
Director of Communications
Sinch
jeff.hasen@sinch.com

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Radient Technologies Inc. Provides Update on Filing of First Quarter Financial Statements and Executive Compensation Disclosure

EDMONTON, Alberta, Sept. 28, 2020 (GLOBE NEWSWIRE) — Radient Technologies Inc. (“Radient” or the “Company”) (TSX Venture: RTI; OTCQX: RDDTF), announces that the Company will be relying on the temporary 45 day extension to the filing deadline of its financial statements and management’s discussion and analysis (“MD&A”) for the quarter ended June 30, 2020 granted by the Alberta Securities Commission (“ASC”) in response to unprecedented challenges resulting from COVID-19.

As per National Instrument 51-102 Continuous Disclosure Obligations, the Company was to file its quarterly financial statements and MD&A by August 29, 2020. Relying on ASC Blanket Order 51-519, which provides the Company with an additional 45 days from the deadline to file, the Company expects to file its quarterly financial statements and MD&A on or before October 13, 2020.

Radient expects that the Company’s executive compensation disclosure will also be delayed. The Company will be relying on the exemption provided by s.10(1) of ASC Blanket Order 51-518 exemption to file our executive compensation disclosure on SEDAR by October 16, 2020.

The Company acknowledges that management and other insiders are subject to an insider trading black-out policy, that reflects the principles in section 9 of National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions, until the second trading day after the Quarterly Filings have been disclosed.

All material business developments since the date of the Company’s filing of its annual financial statements and MD&A for the period ended March 31, 2020 have been disclosed.

About Radient

Radient Technologies is a commercial manufacturer of high quality cannabinoid based formulations, ingredients and products. Utilizing a proprietary extraction and downstream processing platform that recovers up to 99% of cannabinoids from the cannabis plant, Radient develops specialty products and ingredients that contain a broad range of cannabinoid and terpene profiles while meeting the highest standards of quality and safety. Please visit www.radientinc.com for more information.

SOURCE: Radient Technologies Inc.

For further information please contact:

Radient – Investor Relations, ir@radientinc.com

Forward Looking Information:
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the growth of the Company’s business operations; the Company’s ability to grow its business in the cannabis sector and the Company’s future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Radient, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although Radient has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Radient does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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.