Abr 29, 2021
Montreal – (TheNewswire) – April 29th, 2021 – ATW Tech Inc. (the « Company » or « ATWTech ») (TSX-V: ATW) reports today its earnings for the fiscal year, which ended on December 31st, 2020.
- The Company reported revenue of $2.3M in 2020 compared to $5.7M in 2019, a drop of $3.4M attributable predominantly to the customer remediation exercise (costly compliance exercise) and the asset sale of VuduMobile Inc;
- Cost of sales amounted to $2.1M in 2020 as opposed to $5.0M in 2019, a 2.9M drop representing a margin of $231k in 2020 compared to $683k in 2019;
- SG&A expenses were down $511k and $760k respectively compared to the same period in 2019;
- G5 Management Group Inc. successfully converted its $2,000,000 convertible loan into 20,000,000 common shares of the Company on February 11th, 2020, resulting in an annual interest savings of $200,000;
- On February 12th, 2020, the Company also announced the nomination of two new directors on the Board of Directors, Mr. Louis Lessard and Mr. Carlos Bedran;
- On November 9th, 2020, the Company was able to close a $1,500,000 private placement through the issuance of 30,000,000 shares of the Company’s common stock at $0.05 per common share;
- On November 9th, 2020, the Company acquired 100% of the outstanding shares of Seméon Analytique Inc. (« Seméon ») by issuing 59,100,000 common shares of the Company valued at $3,250,500.
- On March 1st, 2021, the Board confirmed the nomination of Mr. Christian Trudeau as Chairman of the Board of Directors of the Company, a position previously filled by Mr. Michel Guay, Acting President and Chief Executive Officer of ATW Tech Inc.
Insights
In the face of a challenging economic climate due to Covid-19, which remains as of the date hereof, the year 2020 was a milestone year in which the Company made progress on multiple levels. The Company was able to secure important transactions that strengthened its balance sheet, improved its outlook, and pursued its growth strategy to maximize shareholder value.
While its operations have declined since the onset of the crisis and, consequently, its revenues, the Company has responded quickly to the situation by implementing many targeted measures, such as tighter expense management, obtaining the Canada Emergency Wage Subsidy (« CEWS »), reducing the number of management of its expenses, obtaining the Canada Emergency Wage Subsidy (« CEWS »), the Canada Emergency Rent Grant (CERG) and the emergency loan. All of these measures have allowed the Corporation to limit the impact of this crisis on its cash flow.
During Q1 2020, the Company proceeded with the conversion of its convertible debenture, allowing the elimination of this debt from its balance sheet and saving $200,000 in interest per annum. This conversion has significantly improved our financial position and provided us with more financial flexibility for new development and acquisition projects.
In addition, 2020 marked the finalization and launch of its premium Option.vote platform (www.option.vote.com), which started generating revenues in the last quarter. Option.vote offers a multi-method voting system designed for unions, political parties, professional associations, and others seeking a secure way to reduce their voting costs and improve their voter participation. Marketing efforts will be deployed during 2021 to drive revenue growth for the Company and improve profitability as these services offer higher profit margins.
Last but not least, in November 2020, the Company closed a private placement of $1.5M and acquired Seméon Analytique Inc. The proceeds of the private placement allowed the Company to considerably reduce its indebtedness and the acquisition of Seméon (www.semeon.com), an artificial intelligence (A.I.) company, which will increase the Company’s ability to offer its clients services in a synergistic manner with Option.vote in SaaS mode, thus allowing us to have access to international markets
The year 2020 has been marked by ongoing innovation and has brought our intellectual property (IP) portfolio to a new plateau, thus allowing us to pursue our growth initiatives through organic development and future acquisitions” said Michel Guay, President and Chief Executive Officer of ATW Tech Inc. The data disclosed herein is a summary of the top highlights. For further information, please refer to the Company’s consolidated financial reports and Management’s Discussion and Analysis for the year ending December 31st, 2020 on the following URL: www.sedar.com.
ATW Tech’s profile
ATW Tech (TSX-V: ATW) is a technology company, owner of several recognized technology platforms such as VoxTel, Option.vote, Bloomed and Semeon. VoxTel specializes in telephone billing and alternative payment solutions for fixed and mobile lines. Option.vote offers a customized multi-method voting system for unions, political parties, professional associations and anyone looking for a secure way to reduce their voting costs and improve their participation rate. Bloomed is a cloud computing platform for managing smart data on consumers and their behaviors for both business and consumer-oriented campaigns. Semeon is a highly accurate and flexible text analysis platform for customer reviews, Semeon uses a unique combination of machine learning and Natural Language Processing (NLP) to discover significant trends in customer reviews across all channels.
Source
ATW Tech Inc.
Mar 15, 2021
MONTREAL, March 15, 2021 (GLOBE NEWSWIRE) — Semeon Analytics, an ATW Tech Inc. company, and Adexflow international are joining forces to collaborate, beginning in the second quarter of 2021, on a series of service mandates and joint offers concerning the management of critical data and advanced text analytics in the sectors of military, shipbuilding and engineering infrastructure.
Adexflow, based in Ottawa, which has developed a solution and expertise in the management and exchange of secure data within complex systems, is proud to find in Semeon a new partner that will help the company expand its complementary offer in text analytics, within the Adexflow ecosystem. The company has offices in America, Europe and Oceania.
“Semeon is the missing piece of the puzzle (in terms of analytics) that will allow our customers, who already have massive text data in the BDBridge database, to have access to a wide range of advanced text analytics tools”, explains Adexflow President Sylvain Doco.
Semeon Analytics provide contextual text analysis services and a solution that meets the needs of various industries, including military, finance, banking, as well as public relations and corporate relations for large organizations.
“The collaboration with Adexflow brings a potential access for Semeon to a vast pool of untapped data and clients for which we can bring additional business and operational value,” explains Raymond Cyr, Managing Director of Semeon.
Depending on the business needs expressed by Adexflow customers, the Semeon solution will be used to optimize products and processes, carry out strategic monitoring, facilitate audit and increase the ability of operators, research labs and business units to more rapidly detect bottlenecks and identify opportunities.
The BDBridge solution will also be offered by Semeon to its customers.
Adexflow Profile
ADEXFLOW International is a software company specializing in information management that designs, distributes and integrates software applications. We have released BD-Bridge® technology, an innovative solution for migrating heterogeneous data during industrial projects. Based in Ottawa in Canada, in Paris in France and Adelaïde in South of Australia the company operates internationally in Europe, the Americas and Oceania. Specialized in implementation of data transfer system architecture management, ADEXFLOW has achieved decisive results for the Energy, Defence and Maritime sectors.
Semeon Analytics’ profile
Semeon is a Quebec-based technology company that has developed an artificial intelligence technology. Over the past 5 years, Semeon has combined techniques of semantic, sentiment, intent and statistical analysis with artificial intelligence driven natural language processing systems to develop a platform capable of automatically analyzing, classifying and visualizing data from multiple channels and a powerful workbench suite which permits even non-experts to customize classification and filtering settings without the need for cumbersome rule sets. Semeon provides its clients with a platform for precise text analysis, intelligent and flexible for decoding, understanding, and summarizing customer feedback on specific elements. For this purpose, Semeon’s natural language text analysis technology allows to browse through thousands of customer comments, to extract the concepts expressed, to classify these as positive, negative or neutral opinions, so that companies or organizations can adjust their communication and marketing strategy in an informed and diligent manner.
Whether it is an acceleration of customer feedback processing, the identification of key parts in a supply chain or key elements in financial forecasting models, among others, Semeon ensures gains in analysis speed allowing critical decision making in hours rather than weeks or months.
ATW Tech’s profile
ATW Tech (TSX-V: ATW) is a technology company, owner of several recognized technology platforms such as VoxTel, Option.vote, Bloomed and Semeon. VoxTel specializes in telephone billing and alternative payment solutions for fixed and mobile lines. Option.vote offers a customized multi-method voting system for unions, political parties, professional associations and anyone looking for a secure way to reduce their voting costs and improve their participation rate. Bloomed is a cloud computing platform for managing smart data on consumers and their behaviors for both business and consumer-oriented campaigns. Semeon is a highly accurate and flexible text analysis platform for customer reviews, Semeon uses a unique combination of machine learning and Natural Language Processing (NLP) to discover significant trends in customer reviews across all channels.
Source
ATW Tech Inc.
Mar 1, 2021
MONTREAL, March 01, 2021 (GLOBE NEWSWIRE) — ATW Tech Inc. (the “Company” or “ATW Tech”) (TSX-V: ATW) is pleased to announce the appointment of Mr. Christian Trudeau as Chairman of the Board of Directors of the Company to replace Mr. Michel Guay, who was holding the position on an interim basis. This news follows his nomination as a director at the last annual general meeting of shareholders, as announced in a press release dated January 19, 2021. Mr. Guay, President and Chief Executive Officer of the Company, remains director.
“We would like to welcome Mr. Christian Trudeau to his new role and we thank him in advance for his great contribution to come,” stated Mr. Michel Guay.
Mr. Trudeau is currently the President and founder of Services Conseils Optimista Inc., a group of management and strategic guidance consultants assisting entrepreneurs in the search for financing, in negotiation process with investors as well as in the analysis and implementation of growth strategies. Mr. Trudeau has also served as President of several large companies over the past 25 years, including BCE Emergis, Airmedic, TC Interactif (a division of Transcontinental), Centria Commerce. Recognized by his peers for being a strategic visionary, his track record demonstrates his ability to open up new markets and to exceed the objectives set during periods of business transformation.
Mr. Trudeau began his career at the Montreal Stock Exchange where he held different position, including Senior Vice President of Information Technology. Mr. Trudeau is currently a member of several boards of directors of companies operating in the information technology sector. Also very involved in the community, Mr. Trudeau has served on several boards of directors of foundations and participated in a number of fundraisers. Mr. Trudeau holds an undergraduate degree in Information Technology from the Université de Laval, and an MBA from École des Hautes Études Commerciales (HEC).
ATW TECH’S PROFILE
ATW Tech (TSX-V: ATW) is a technology company, owner of several recognized technology platforms such as VoxTel, Option.vote, Bloomed and Semeon. VoxTel specializes in telephone billing and alternative payment solutions for fixed and mobile lines. Option.vote offers a customized multi-method voting system for unions, political parties, professional associations and anyone looking for a secure way to reduce their voting costs and improve their participation rate. Bloomed is a cloud computing platform for managing smart data on consumers and their behaviors for both business and consumer-oriented campaigns. Semeon is a highly accurate and flexible text analysis platform for customer reviews, Semeon uses a unique combination of machine learning and Natural Language Processing (NLP) to discover significant trends in customer reviews across all channels.
Additional information regarding ATW Tech is available on SEDAR www.sedar.com.
Feb 16, 2021
Semeon’s latest product release provides a strong market position to serve defense institutions worldwide.
MONTREAL, Feb. 16, 2021 (GLOBE NEWSWIRE) — Semeon Analytics, an ATW Tech Inc. company, is pleased to announce its most recent contract with a branch of the U.S. military to apply its technology to better understand how complex composite materials can fail and therefore facilitate the development of processes that safeguard components assembled with these new materials.
The contract follows the release of Semeon’s latest artificial intelligence semantic analysis engine, including a series of unique features that can be used to better understand key concepts in text from a number of very different types of content sources such as databases, enterprise content management systems, file servers and more. The new features enable the following types of applications:
• Better understand how different steps in chemical or mechanical manufacturing processes impact one another.
• Save time by not repeating the same manufacturing mistakes.
• Devise more effective manufacturing processes that are less likely to yield components that can fail
The U.S. military project dovetails on several successful engagements with similar Canadian institutions. In the context of these mandates, Semeon supports numerous languages including English, French, Spanish, German, Russian and Arabic, which enables our efforts to aggressively target the North American and European markets.
Alkis Papadopoullos, Semeon’s head of R&D, says “Thanks to its state-of-the-art sentiment analysis, semantic and unique intent analysis capabilities, Semeon holds a strong market position as it can now help customers better connect dots between sophisticated and complex data sets and subject matter.”
Semeon Analytics’ profile
Semeon is a Quebec-based technology company that has developed an artificial intelligence technology. Over the past 5 years, Semeon has combined techniques of semantic, sentiment, intent and statistical analysis with artificial intelligence driven natural language processing systems to develop a platform capable of automatically analyzing, classifying and visualizing data from multiple channels and a powerful workbench suite which permits even non-experts to customize classification and filtering settings without the need for cumbersome rule sets. Semeon provides its clients with a platform for precise text analysis, intelligent and flexible for decoding, understanding, and summarizing customer feedback on specific elements. For this purpose, Semeon’s natural language text analysis technology allows to browse through thousands of customer comments, to extract the concepts expressed, to classify these as positive, negative or neutral opinions, so that companies or organizations can adjust their communication and marketing strategy in an informed and diligent manner.
Whether it is an acceleration of customer feedback processing, the identification of key parts in a supply chain or key elements in financial forecasting models, among others, Semeon ensures gains in analysis speed allowing critical decision making in hours rather than weeks or months.
ATW Tech’s profile
ATW Tech (TSX-V: ATW) is a technology company, owner of several recognized technology platforms such as VoxTel, Option.vote, Bloomed and Semeon. VoxTel specializes in telephone billing and alternative payment solutions for fixed and mobile lines. Option.vote offers a customized multi-method voting system for unions, political parties, professional associations and anyone looking for a secure way to reduce their voting costs and improve their participation rate. Bloomed is a cloud computing platform for managing smart data on consumers and their behaviors for both business and consumer-oriented campaigns. Semeon is a highly accurate and flexible text analysis platform for customer reviews, Semeon uses a unique combination of machine learning and Natural Language Processing (NLP) to discover significant trends in customer reviews across all channels.
Ene 28, 2021
MONTREAL, Jan. 28, 2021 (GLOBE NEWSWIRE) — ATW Tech Inc. (the “Company”) (TSX-V: ATW), a technology company recognized for its CRTC Canadian operator license (payment solutions and telephone billing) and intellectual property such as Option.vote (a multi-method survey and polling voting platform) and Semeon Analytics Inc., its latest acquisition (an AI platform for high-precision text analytics in high-end industries), provides an update on recent events and operations from the first quarter of 2020 through the first quarter of 2021.
• 1st quarter – 2020
• Conversion by Groupe Gestion G5 Inc., a company owned by Mr. André Imbeau, of its $2,000,000 convertible loan in consideration of 20,000,000 common shares of the Company issued at a price of $0.10 per share, representing an annual interest savings of $200,000, as announced in a press release dated February 12, 2020.
• Change in the composition of the board of directors with the appointment of two new directors, Mr. Louis Lessard and Mr. Carlos Bedran, as announced in a press release dated February 12, 2020.
• The Company announced, in a press release dated March 12, 2020, its intention to open a private placement for 12M to 30M units at a price of $0.05 per unit for a potential gross proceed ranging from $0.6M to $1.5M.
• 2nd quarter – 2020
• Internal reorganization of the Company following the adoption of measures by the government to fight COVID-19 which, among other things, led to the introduction of remote working for employees. This was implemented by establishing clear objectives and procedures while promoting the use of video conferencing systems, both for clients and for the management of the Company’s employees, the latter which were able to meet client expectations in the context of the pandemic.
• The Company has completed Option.vote’s new interface in order to meet growing customer demand and increase transaction volumes in synergy with its online payment solutions.
• 3rd quarter – 2020
• Signature of a letter of intent to acquire Semeon Analytics Inc., an artificial intelligence company, as announced in a press release dated October 1, 2020.
•Signature of a letter of intent for a $1.5M private placement with private investors, as announced in a press release dated October 1, 2020.
• 4th quarter – 2020
• Signature of new contracts with Option.vote’s new platform in synergy with the Company’s Canadian operator license.
• Closing of the above-mentioned private placement and the acquisition of Semeon Analytics Inc., as announced in a press release dated November 9, 2020.
• 1st quarter – 2021
• Implementation of a marketing plan for the Semeon Analytics and Option.vote platforms in order to increase the number of potential customers and the conversion rate generated by the presence of Semeon and Option.vote on the web.
• Emphasis on business development and partnerships in order to enter into new contracts in synergy with Semeon Analytics and Option.vote.
• Appointment of Mr. Raymond Cyr as General Manager of Semeon Analytics, as announced in a press release dated January 19, 2021.
• Addition of Mr. Christian Trudeau to the Company’s board of directors, as announced in a press release dated January 19, 2021.
Opportunities
“We have achieved several important milestones in these times of pandemic and this demonstrates a strong management team supported by a dedicated board of directors for the future of ATW Tech Inc.,” explains President and CEO, Michel Guay. We have been working very hard over the last few months to position the Company for rapid expansion in a profitable manner while still contemplating various acquisition targets within our reach in strategic sectors. We are confident that the implementation of our strategic plan will maximize shareholder value.
Forward-Looking Statements and Disclaimer
Certain information in this press release may constitute “forward-looking” statements that involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this press release, such information may include words such as “anticipate”, “estimate”, “may”, “will”, “expect”, “believe”, “plan”, “project” and other terminology. This information reflects current expectations regarding future events and operating performance and speak only as of the date of this press release. Except as may be required by law, we do not assume any obligation to update or revise any forward-looking information to reflect new events or circumstances.
Additional information regarding ATW Tech is available on SEDAR www.sedar.com.
The TSX Venture Exchange and its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept no responsibility for the adequacy or accuracy of this release.
ATW TECH’S PROFILE
ATW Tech (TSX-V: ATW) is a financial technology company (“fintech”), owner of several recognized technology platforms such as VoxTel, Option.vote, Bloomed and Semeon. VoxTel specializes in telephone billing and alternative payment solutions for fixed and mobile lines. Option.vote offers a customized multi-method voting system for unions, political parties, professional associations and anyone looking for a secure way to reduce their voting costs and improve their participation rate. Bloomed is a cloud computing platform for managing smart data on consumers and their behaviors for both business and consumer-oriented campaigns. Semeon is a highly accurate and flexible text analysis platform for customer reviews, Semeon uses a unique combination of machine learning and Natural Language Processing (NLP) to discover significant trends in customer reviews across all channels.
