UGE.V - UGE International Ltd

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UGE ANNOUNCES FINAL APPROVAL OF DEBT CONVERSION, OPTIONS AWARDS Conversion Represents the Completion of Transactions resulting in $5.25 million Decrease in Liabilities

Toronto, Ontario–(Newsfile Corp. - December 7, 2018) - UGE International Ltd. (TSXV: UGE) (the “Company” or “UGE”), a leader in renewable energy solutions for the commercial and industrial sector, is pleased to announce it has received final approval for the final tranche of the debt conversion transactions originally announced on October 3, 2018. The transactions strengthen UGE’s financial position by decreasing its debt by $5.25 million. All amounts are expressed in US dollars, unless otherwise noted.

This remaining debt conversion resulted in a decrease of $2,689,848 in exchange for 13,901,026 shares in UGE at a deemed conversion price of CAD$0.25 per share.

Additional Debt Conversions

In addition, the Company entered into agreements with four creditors totalling CAD$29,500 to convert specific balances owed to shares at today’s closing share price of $0.10 per share.

Stock Options Awards

As in the normal course of business, certain officers and directors of UGE have been granted a sum of 1,270,002 option awards with a strike price of $0.13.

[SimB]

Faut tenter de rassurer les actionnaires. Je pense que c’est normal.

Rassurant de voir que la conversion d’une partie de la dette a eu lieu à 0.25$.

[raf]

https://www.ugei.com/uge-announces-it-has-reached-several-significant-project-milestones

D’autres updates de UGE

[SimB]

Intéressant, je me demande à quoi va consister le rôle de Kristaps :

UGE Announces to Add Entrepreneur Kristaps Ronka to its Board of Directors

Toronto, Ontario, Dec 17, 2018 (Newsfile Corp via COMTEX) – UGE International Ltd. (UGE) (the “Company” or “UGE”), a leader in renewable energy solutions for the commercial and industrial sector, is pleased to announce that Kristaps Ronka has agreed to join its board of directors effective immediately.

Kristaps Ronka is an entrepreneur, investor, and advisor. Mr. Ronka co-founded AdParlor in 2007, a company that in four years became the leader in managing large Facebook Ad campaigns, before being acquired in 2011. Also in 2011, Mr Ronka was named in Inc.'s “Top 30 Under 30” most promising young entrepreneurs for disrupting the industry with a visionary approach.

Mr. Ronka has since focused on advising and backing startups that are solving important problems and building disruptive technologies from transportation to medicine. Currently, Kristaps is the CEO of NameSilo LLC, a top domain registrar. Mr. Ronka is also a board member of a number of public companies, and an advisor for several fast growing private companies.

“I am excited for the opportunity to continue driving the success of UGE”, said Mr. Ronka. “With the convergence of falling solar costs, solar’s rising efficiency, and the world on the brink of a climate crisis, UGE is positioned to make a significant contribution to the global energy landscape transformation.”

The board position Mr. Ronka fills was formerly held by Joyce Ferris, who vacated her seat in October for personal reasons.

[raf]

Ses contacts et sa notorieté auront peut-être un impact positif sur l’image de la compagnie … pendant ce temps UGE a touché 0.09$ aujourd’hui, un nouveau bas historique.

[SimB]

Il en profite pour ajouter à sa position :

[raf]

Bonne nouvelle
https://www.ugei.com/pr-january-10-2019

[SimB]

Le jour se lève pour des panneaux solaires révolutionnaires

Un bon résumé ici sur le perovskite : LIEN

[SimB]

FINANCED SOLAR PROJECT IS COMPANY’S LARGEST YET IN THE PHILIPPINES

Toronto, Ontario and Cebu City, Philippines–(Newsfile Corp. - February 14, 2019) - UGE International Ltd. (TSXV: UGE) (“UGE” or the “Company”), a global leader in solar energy solutions for the commercial and industrial sector, is pleased to announce it has signed a contract to provide a financed 1.3 MW rooftop solar system for Premier Plaza in Silang, Cavite, the Philippines.

The project is expected to be installed over the next six months and will produce over 50% of the mall’s energy demand, solidifying Premier Plaza as a regional sustainability leader while significantly lowering its energy costs, as well. The system will provide solar energy for the mall’s facilities and will reduce Premier Plaza’s electricity rate by 44%, saving the mall 710 million PHP. Over the project’s lifetime, the solar energy produced will offset equivalent greenhouse gas emissions of driving 72.5 million miles.

Premier Plaza, the first shopping mall in Silang, is dedicated to serving the community as a retail and shopping destination. Living up to the pioneering spirit of its owners, it will be the first mall in Silang that will utilize solar technology to offset its energy needs. The project will create a positive environmental impact for the community and fulfill the mall’s sustainability goals. UGE looks forward to completing the project within 2019, and to continue lowering energy costs across the client’s portfolio thereafter.

“It is wonderful that companies have the opportunity to make a difference in saving the environment, while also improving their operating expenses through fully-financed solar projects,” said Ralph Rodrigo, UGE Philippine’s Sales Manager. " As more and more Filipinos say yes to solar, more companies will generate significant savings - which can be put back into growing their business."

This is the fifth Philippines-based project announced by UGE in recent months, totaling over 1.8 MW to be built within 2019, further asserting UGE’s position as a leader in the country.

Issuance of Options, Debt Conversions

As in the normal course of business, the Company’s new CFO was granted 750,000 options, vesting over three years with a strike price of $0.15.

In addition, the Company is pleased to announce it has received approval to convert four balances owed to creditors to shares. The four balances total CAD$130,666.67 and were converted at a price of CAD$0.15 per share, resulting in the issuance of 871,112 common shares. In particular, two officers of the Company, including its Chief Executive Officer, elected to receive certain bonuses owed in the form of equity, which accounted for the majority of the conversion.

[stockguru2k11]

le stock semble être le bord du breakout…à surveiller si le volume rentre

[SimB]

UGE Starts 2019 Strong with the Completion of Several Solar Milestones

Toronto, Ontario–(Newsfile Corp. - February 28, 2019) - UGE International Ltd. (UGE) (the “Company” or “UGE”) , a leader in solar solutions for the commercial and industrial sectors, is pleased to announce the completion of several project milestones in its key markets.

United States
The 505 Carroll St. project, the first community solar project developed in New York City, commenced energy production earlier this month after receiving permission to operate at the end of 2018. The 106kW system, where UGE was responsible for the development, engineering, and installation, will produce 127,000 kWh per year, offsetting the CO2 equivalent of driving approximately 220,000 miles. This project sets the tone for UGE being an active participant in the New York community solar market, an opportunity that UGE expects to grow rapidly in coming years.

In Maryland, UGE provided engineering and project management expertise to help a technology solutions client reach commercial operation for two ground mount solar projects totaling 4.6MW. UGE was brought in to help the project owner successfully reach this milestone within a tight 2018 timeline.

Canada
UGE reached the substantial completion milestone on the next five sites in its Peterborough portfolio over the last two months. Work completed includes full turnkey EPC services from engineering through construction and commissioning. The portfolio, totaling 9MW across 15 sites, is expected to be fully operational later this spring.

Philippines
Robin Toys, a premium manufacturer of toys in the Philippines, saw its 500kW solar project reach final completion. The system offsets over 650,000 kWh of electricity, reducing Robin Toys’ operating expenses through a cheaper rate of electricity.

Other Markets
UGE has completed more than 30 engineering packages for projects in Nigeria for its Canadian-based solar developer client. The projects are for schools and hospitals, representing a terrific and meaningful social impact story in a region with limited and expensive electricity.

“We are excited to be at the forefront of the electrification of the under-serviced continent of Africa. These projects aren’t just about fighting climate change and improving the bottom line for system owners; we are changing lives and the direction of a country,” said Erik Coverdale, Director of Engineering at UGE. “As UGE expands and brings its solar expertise to new markets, we open up new possibilities for more communities worldwide to benefit from solar.”

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Je ne me souviens pas d’avoir vu mention de l’Afrique comme marché potentiel avant aujourd’hui.

En cherchant rapidement, j’ai trouvé l’édition du magazine Endeavour de février 2019 (LIEN):

As for the more immediate future, UGE plans to focus
primarily on its existing markets, reaching out beyond its current
footprint within its countries of operation to make the most of
the opportunities still waiting for them. That said, they have
begun to look further afield from the security of these countries:
the company’s internal engineering team has begun to take
on mandates for local companies that are developing overseas
projects. For example, they are currently the engineering partner
for a Canada and UK based company to use in Africa, allowing them
to study the African market from a secure position. By the end of
2020, the company aims to apply this learning by putting its feet
on the ground in at least one new market. Moving forwards from
there, it is simply a question of growing, watching and waiting and
the industry continues to take off:
“In the 200+ countries around the world, solar either makes
economic sense now, or will in the coming five years or so. The
world really is our oyster in terms of the opportunities that are
out there.”

[SimB]

UGE ANNOUNCES SECOND OFFERING OF PROJECT GREEN BONDS

Toronto, Ontario–(Newsfile Corp. - March 6, 2019) - UGE International Ltd. (TSXV: UGE) (the " Company " or " UGE "), a leader in renewable energy solutions for the commercial and industrial sector, is pleased to announce that it has entered into an engagement letter (the " Engagement Letter “) with Leede Jones Gable Inc. (” LJG " or the " Agent ") pursuant to which LJG will act as agent to sell, by way of offering memorandum on a commercially reasonable best efforts basis, up to 5,000 bonds (the " Project Bonds "), secured by projects to be owned by UGE indirectly through a subsidiary, at a purchase price of $1,000 per Project Bond for aggregate gross proceeds of up to $5,000,000, with each such Project Bond accruing interest at a rate of 7% per annum and maturing on the date that is 60 months from the date of issuance (the " Offering ").

Net proceeds from the Offering will be used to finance eligible solar projects owned by UGE indirectly through a wholly-owned subsidiary of the Company, within UGE’s three target markets of Canada, the USA, and the Philippines (the " Projects "). The Project Bonds will be secured against the Projects.

“UGE’s unique approach to financing projects through these green bonds is opening up new opportunities for our clients to benefit from solar energy,” said Nick Blitterswyk, CEO of UGE. “We look forward to accelerating our project financing efforts throughout 2019.”

The Offering shall be completed through multiple closings. The initial closing date of the Offering is anticipated to occur no more than three months from the date of the Engagement Letter (the " Closing Date "), and subsequent closings will occur approximately every three months thereafter, or at such other date mutually agreed upon by the Company and LJG.

LJG will receive a cash commission equal to 7% of the gross proceeds of the Offering, as well as warrants (the " Agent’s Warrants ") equal to 7% of the total underlying value of the Bonds sold in the Offering divided by the last closing price of UGE’s common shares on the TSX Venture Exchange prior to announcement of the Offering (the " Market Price "), with each such Agent’s Warrant being exercisable for one common share (each a " Agent’s Warrant Share ") of the Company at the Market Price for a period of 24 months from the date of issuance.

This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933 , as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

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UGE PROVIDES UPDATES ON APPOINTMENTS OF NEW CFO AND MARKET MAKER (15 mars)

UGE RECEIVES NEW CONTRACTS IN NEW YORK AND THE PHILIPPINES (22 mars)

UGE PROVIDES UPDATE ON ITS LARGEST US PROJECT AS IT ENTERS NEXT PHASE (28 mars)

[MathieuMartin]

UGE Wins Three-Site Solar Rooftop Portfolio with Repeat Philippines Client, Expects Further Sites to be Added

[SimB]

Il y a un peu plus de couleurs dans l’infolettre investisseurs de ce matin. Plusieurs points positifs mentionnés :

Good morning,

Today we are excited to announce another deal in our fast growing Philippines market for a repeat client. The deal is for three sites and is expected to generate over $1 million in revenue for UGE. As with virtually all our self-developed projects, they are expected to produce gross margins at or above our 20% target.

_In fact, we expect that expanding margins will be a big part of our story as 2019 progresses. After moving through most of the lower margin EPC work that had come along with past acquisitions, we have been purely focused on developing and building our own book of business. That 20% gross margin target is roughly 50% higher than our realized gross margins from the first nine months of 2018, but is still on the conservative end of our forward looking targets. _

In addition to the three projects signed today, we are also excited to announce that we are in the final stages of adding three additional sites to the portfolio, including one which we expect will be the second largest rooftop solar project in the country, by any company. More information will be released in due course.

As we continue to build a successful track record with our clientele, we expect to see this trend of repeat business continue to increase. Very few of our clients have just one building; the commercial and industrial building portfolios we work with are typically owned by large companies or real estate ownership groups, each of which typically own real estate portfolios with significant scale.

Our Philippines market was co-founded by UGE Philippines Regional Director, Tyler Adkins, and retired basketball legend, Ramon Fernandez, nicknamed “El Presidente”. Ramon was on the nightly news recently to talk about UGE; the clip is available below:

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UGE Selected to Build 374kW Solar Project for Oroquieta Bayfront Park & Arena

Cebu, Philippines–(Newsfile Corp. - May 9, 2019) - UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the “Company” or “UGE”), a leader in solar energy solutions for the commercial and industrial sector, is pleased to announce that it has signed a contract to design and build a 374kW solar system on the rooftop of a new stadium being built in Oroquieta City, Mindanao, Philippines.

Oroquieta Bayfront Park and Arena is a new multi-use development on the island of Mindanao, Philippines, featuring a sports stadium, park, shopping mall, and office buildings. It was developed by the city of Oroquieta and constructed by Montano Construction and Development Corp. to be a state-of-the-art facility, contributing to the economic growth and community development of Oroquieta. Mayor Jason Almonte stated: “It is my dream to make Oroquieta a new economic destination through the city’s infrastructure program, letting people experience the good life both socially and economically.”

“As a lifelong advocate for sports, healthy living, and protecting the environment, I’m excited to play a part in Oroquieta’s sustainable development,” said UGE Philippine’s board member and retired basketball legend, Ramon Fernandez. “Powering the facility with clean, renewable energy ensures that the development of the Philippines’ athletic programs and local economies support the clean air and water we all need to thrive.”

UGE was chosen to engineer and build the project based on its extensive experience in the commercial solar sector. The project is expected to generate approximately US$400,000 in revenue to UGE, with gross margins at or above the Company’s 23% target. The project will be constructed throughout the balance of 2019.

About UGE

UGE delivers immediate savings to businesses through the low cost of solar energy. We help commercial and industrial clients become more competitive by providing low cost distributed renewable energy solutions at no upfront cost and maximum long-term benefit. With over 375 MW of global experience, we work daily to power a more sustainable world. Visit us at www.ugei.com.

For more information, contact:
+1 917 720 5685
investors@ugei.com

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UGE Announces Project Updates, Including Completion of Additional Project Milestones

Toronto, Ontario–(Newsfile Corp. - May 15, 2019) - UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the “Company” or “UGE”), a leader in solar solutions for the commercial and industrial sector, is pleased to announce the following project updates.

Canada

UGE reached substantial completion on the last four sites of its Peterborough portfolio earlier this month, meaning that the full 15-site, 9MW portfolio is now operational. The portfolio is the Company’s largest to date.

“Building solar projects in Ontario in the winter is a significant challenge and we are very thankful to both the UGE project team and the Peterborough Utilities team for their dedication and perseverance,” stated Robert van Duynhoven, President of UGE Canada. “The team leveraged our years of experience to work through every obstacle faced, performing exceptionally throughout.”

In addition, UGE’s engineering and consulting subsidiary, UGE Consulting Services Co, Ltd., has been awarded a phase one contract to study the feasibility of microgrids in Burkina Faso, as well as a maintenance contract for a previously installed commercial solar project in Ontario. In both cases contract values were below $100,000, but above the Company’s 23% gross margin target, with work to be completed in the coming months.

USA

In Minnesota, UGE achieved final completion on two of the last three projects in its four-site schools portfolio that was acquired as part of the CSPC acquisition. The final site, which is the portfolio’s smallest, is expected to achieve its final completion within the next four weeks.

In addition, UGE is pleased to announce that its 3.1MW project in the northeast US with a previously unnamed client is with Con Edison, the New York City-based utility, and looks forward to providing further updates as the project progresses.

“UGE is excited to start several new chapters in 2019, as past EPC portfolios are wrapped up and new projects in our US and Philippines markets kick off,” said UGE’s CEO, Nick Blitterswyk. “This year we expect to build a record number of projects in both markets where we focus on self-developed opportunities.”

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UGE Announces Contract to Provide 259kW Solar System to New Client, M L’Huillier

[raf]

Nouveaux résultats

https://www.ugei.com/pr-august-27-2019

Le début d’une amélioration?

[SimB]

UGE Closes Financing for Two Commercial Rooftop Projects in New Jersey

New York, New York–(Newsfile Corp. - October 23, 2019) - UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the “Company” or “UGE”), a leader in solar energy solutions for the commercial and industrial sector, is pleased to announce that it has closed financing and commenced project deployment on two commercial rooftop projects in New Jersey that it will build to own.

The two projects in Montvale, New Jersey will provide clean, affordable energy to the buildings they serve over a 25-year project lifetime at rates lower than those available from the grid. The two buildings each host well known commercial tenants.

Together, the projects will generate approximately $135,000 in revenue for UGE in year one, and over $2.1 million in revenue over their lifetime. The projects are primarily funded by project-level debt provided by WunderCapital in the amount of approximately $700,000.

Procurement for both projects has commenced with site mobilization scheduled for November. Both projects are expected to reach commercial operation by the first quarter of 2020.

“As UGE continues to grow its US development business, we look forward to growing our portfolio of retained assets, as well,” said UGE’s CEO, Nick Blitterswyk. “Retaining ownership allows UGE to maintain significantly more project value, while boosting recurring revenue, as well. WunderCapital has been a great partner in these efforts.”

[lpg02]

J’ai une position dans UGE.v mais dans mon portefeuille, le ticker est maintenant UGEIF sur le OTCQB.
Sur la hausse récente, je voulais vendre mais j’hésite car le prix du stock est pas du tout le même…
Sauriez-vous ce qui s’est passé ?