Yes, it is difficult to gather all aspects of each company, when each of their prior websites are no longer avail. Sifting through past news releases, is an u daunting task, to say the least. And though, reading each company has had their bumps and bruises, financially... One must keep these, attributes fresh, but at the same time gauge the company with a new set of eyes, and ask that oh so important question.... Will the merging of these two companies, have what it takes, to regroup, rebrand, and resurface - with a new identity as one - and as a team - begin wirh a fresh start, and make it a success ? I dont have that answer.
Yes... I bought in last week, and was literally floored, with news of a roll.
Tekmodo - 1
This shareholder + 0 + share price down from my buy in.
Hence, Tekmodo company - if at all possible, and if permissable, needs to show a press release, given were now into 2017, and reiterate their new business model, and new direction, and provide shareholders with a peek into the 2017 future, of a what to expect. Perhaps defining such current contracts, or new contracts, or interest from other companies for their products.
When one reads up on each company, Carbon One and, Tekmodo of former, one can easily see what each company produced in products, and I will say, I'm impressed, each having their very own, unique products.....but please do run the new company at a profit, please and thank you.
Is the twist of fate, all in a name ?
Take for instance, the word Carbon.... I tend to dismiss such an element as something of a nature, that has no appeal.
Should this company, adopt the word, graphite?
Last I read, graphite, is a carbon...
Graphite- is a term most investors can relate to.
Does.... Canada Carbon, give a definition of what Carbon is - vs - graphite ?
I don't know... you decide.
What is Graphite?
Graphite is one of two naturally occurring crystalline forms of the sixth element, carbon, the other being diamond. It is a soft greyish black mineral with a metallic lustre. A graphite crystal is made up of loosely stacked one atom thick graphene layers much like a deck of cards. These layers can slide around giving graphite its lubricity. Graphite is an excellent conductor of heat and electricity and is relatively inert being unaffected by most chemicals. It maintains its properties even at extreme temperatures in excess of 3500°C, which makes it invaluable to industry.
https://www.canadacarbon.com/what-is-graphite
So, Im hoping this newky forned company, make a - godspeed - of their financing, and consolo, and has diligently fast tracked the repairs of their huge fscility, and most importantly, amassed some serious contracts.... to counter the consolo.... Otherwise.... grrr !
Heres a former.., yes former press release, providing more info on each company, which does paint a picture to a degree, of what sort of products each have made, and or are, still wanting to make.
2017 company update, with durection, current status, would be wonderful.
Please remember... this is news from last year, to help better understand, who each company is, due to former websites are unavail.
May 24, 2016 13:27 ET
CarbonOne Technologies Reaches Agreement to Acquire the TekModo Group of Companies
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 24, 2016) -CarbonOne Technologies Inc. (TSX VENTURE:CX) ("CarbonOne" or the "Company") is pleased to announce that the Company has entered into a binding agreement to acquire the TekModo group of companies, TekModo Structures LLC and TekModo LLC (collectively "TekModo"). TekModo is an established manufacturer and distributor of advanced composite panels for use in the recreational vehicle ("RV"), bus, marine and commercial transportation vehicle industries. The TekModo acquisition will bring manufacturing and marketing expertise to CarbonOne, along with direct access to potential end users of CarbonOne's developed products.
"This transformative acquisition will bring immediate revenue to CarbonOne and provides direct access to the manufacturing and distribution side of the advanced materials industry," said John Proust, Chairman and Chief Executive Officer of CarbonOne. "Both companies are focused on producing high-quality, innovative materials and the associated manufacturing processes. With their combined expertise, CarbonOne and TekModo can realize the growth potential within TekModo's existing products and customer base, while advancing a pipeline of near-commercial products with applications across a range of industries.
"TekModo's leadership team brings innovation and manufacturing insight that will be invaluable as CarbonOne advances its products," continued Mr. Proust. "Together, CarbonOne and TekModo have the technologies, products and capacity to manufacture ground-breaking products that bring competitive advantages to a diverse customer base."
About TekModo
TekModo manufactures and sells composite panels that are currently being used in the walls, roofs, floors and doors of RVs, buses and trailers. TekModo's products are lighter, stronger and more durable than the wood products they replace, and are also resistant to water, mold and mildew. In addition, many of TekModo's products can be produced in one continuous sheet, increasing the impact strength and eliminating the aesthetic and physical drawbacks of panel seams.
TekModo's head office and 50,000 sq ft manufacturing facility is based in Elkhart, Indiana, located within a 30-minute drive of 80% of its customer base.
Through its manufacturing company, TekModo Structures LLC, TekModo has developed a number of advanced-stage composite products that were introduced to the market earlier this year, with additional products in the pipeline.
Through its distribution company, TekModo LLC, TekModo has exclusive North American distribution rights for two products in the markets they serve. SymaLITE™ is an automotive grade sidewall composite substrate engineered to replace wood panels for both exterior and interior walls, ceiling and floor structures. TekModo currently sells SymaLITE to several major RV manufacturers for use in sidewall substrates, front wraps and rear walls. CosmoLite™, which is a TekModo branded product, is a semi-rigid, continuously reinforced fiberglass and thermoplastic composite designed to replace plywood in hard-roof membranes, floor substrate and external skins. TekModo currently sells CosmoLite™ to several major RV manufacturers, bus manufacturers and commercial trailer manufacturers.
TekModo is recognized as a leader within the RV industry and has achieved a number of RV industry firsts with both its innovative products and its proprietary manufacturing techniques. TekModo is the first company to produce a seamless sidewall skin, seamless roof wrap and seamless ramp door. TekModo is also the first company to have a continuous wide-width lamination process, allowing the company to produce the first continuous substrate greater than 96" wide.
TekModo's executive team has a long history of innovation, manufacturing and marketing in the automotive and transportation industries.
Mary Wetzel, co-founder and President of TekModo, held increasingly strategic leadership roles with General Motors, Chrysler and Dodge, including as DaimlerChrysler's Senior Manager for Business Management and Market Intelligence. Mary was inducted into the Automotive Hall of Fame in 2004, receiving the Young Leadership and Excellence Award in recognition of her significant contributions to the automotive industry.
"Collaborating with CarbonOne brings market visibility to TekModo's diverse product base and business plan and the capital market expertise required to grow the company," said Mary Wetzel, President of TekModo. "Additionally, integrating CarbonOne's advanced materials technologies with TekModo's manufacturing processes supports TekModo's objective of expanding its market share by introducing new composite products to the RV and transportation industries."
Marc LaCounte, co-founder and Business Development Officer of TekModo, has held a number of senior roles with automotive and advanced materials companies. As the Senior Business Unit Manager of Specialty Markets for Webasto Thermosystems, Marc was credited with introducing a revolutionary cargo heating system to the market from concept through to global distribution.
"Access to CarbonOne's advanced material sciences and intellectual property further expands TekModo's ability to deliver industry-leading products to its customers," said Marc LaCounte, Business Development Officer of TekModo. "CarbonOne and TekModo are well positioned to leverage our mutual commitment to innovation and leadership in the advanced materials industry."
About the Transaction
CarbonOne has received unanimous Board approval to acquire all of the units of both TekModo Structures LLC and TekModo LLC (the "Transaction"), for total consideration of 52,762,839 CarbonOne shares and a cash payment of US$911,980. In addition, CarbonOne has agreed to arrange for a sidecar loan of up to US$500,000 to be advanced to TekModo. Lenders have advanced the first US$200,000 of that financing to TekModo Structures LLC. In consideration for the lenders agreeing to this financing, CarbonOne has agreed to issue bonus shares as permitted by the TSX Venture Exchange policies.
The CarbonOne shares issued at closing of the Transaction are subject to a standard four-month hold period. In addition, both the existing CarbonOne shares and shares issued at closing of the arms-length Transaction are subject to back-end-loaded pooling agreements as outlined below:
Closing of the Transaction is subject to a number of conditions including completion of audited financial statements for both TekModo companies, TSX Venture Exchange approval for the Transaction, and CarbonOne completing an equity financing sufficient to pay the cash portion of the purchase price and fund TekModo and CarbonOne. CarbonOne and TekModo have agreed to work together to close the Transaction by July 29, 2016, which date may be extended to August 31, 2016. There are no finder's fees payable in connection with the Transaction.
About CarbonOne
CarbonOne holds exclusive worldwide rights to a suite of intellectual property, and is focused on advancing four products: XBar™ rebar, C1Core™ panel, activated carbon and defense products. XBar rebar is a rust proof composite rebar that is lighter and has higher tensile strength than steel rebar. A number of universities in both Canada and the United States are performing independent tests to confirm XBar rebar's performance across a range of strength and durability metrics. C1Core panel is designed as a multi-layer composite material to which customers can laminate reinforcement fiber on the outside to make a composite board. Through TekModo, CarbonOne has seen significant interest from the RV industry. Using its proprietary resin, CarbonOne has developed a pelletizing process that produces very high-quality activated carbon pellets, which are used as a filtration medium in a number of industries. Discussions are underway to commercialize this opportunity in the near term. The Company is also developing defense products for both civilian and military applications.
On Behalf of the Board of CarbonOne Technologies Inc.
John Proust, Chairman & CEO
The TSX Venture Exchange has in no way passed upon the merits of the proposed Transaction. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
----------------------------------------------------------------------
Wango ~
P.s.
if I've errored in info, my apologies - please do correct.., I invite feedback.
And, perhaps things have changed from this former press release, please keep in mind it may have...
which is why I'd love to see a whole new 2017 outlook - press release - outlining their direction from company.
Crossed fingers - hoping they have their business model revamped, and with several contracts in hand.... to move forward with a fresh start. Like any investment there's risk, involved.
Hopefully, the newly formed Tekmodo, can use the synergy from each firmer company, and begin anew, with an invigorating new start.
I like, their products...
Sure hope they've a crackerjack sales and leads team, to acquire lots of contracts.
Cheers !