Minim's Zoom Telephonics launches Motorola MM1025 » 07:4205/1105/11/21
Zoom Telephonics, doing…
Zoom Telephonics, doing business as Minim, launches the Motorola MM1025, the company's highest-speed multimedia-over-coax-alliance adapter yet. The Motorola MM1025 delivers up to 2.5 Gbps of high-speed connectivity anywhere in a cable-wired home at the extremely competitive price of$99.99 for a one-pack or $184.99 for a two-pack. The price includes an extended two-year warranty and free U.S.-based support. The company said that with the Motorola MM1025 adapter, home users can improve their networks in five important ways: Faster, reliable connections; Better WiFi; Superior streaming and gaming; Plug and play; and Expert support included.
|Over a week ago|
Poet Technologies announces settlement of fees for AGORACOM shares » 08:1904/2304/23/21
POET Technologies announced that per its previously reported agreement with AGORACOM, the Company will be issuing 16,782 common shares as settlement of fees for services rendered. In connection with its marketing campaign with AGORACOM, the Company intends to issue 16,782 common shares at yesterday's closing price of C$1.01 to settle fees of C$15,000 plus HST for services rendered. The issuance of these common shares will be the second of an agreed five tranches of common shares to be issued to AGORACOM in lieu of cash payment for their services. The issuance of these common shares is subject to the TSX Venture Exchange policies and regulatory approvals.
Poet Technologies enters telecom market with 100G LR4 optical engines » 08:1604/2204/22/21
POET Technologies announced that it has completed design of a 100G LR4 optical engine with a reach of 10km for client-side interconnects to data centers, enterprises and edge computing networks.
Minim, Irdeto expand Trusted Home platform in Europe » 07:4704/2204/22/21
Zoom Telephonics announced the expansion of the AI-driven Trusted Home platform with new data centers in Amsterdam and Moscow. The expansion will deliver faster AI-driven services and improved reliability for Trusted Home, developed by Minim and Irdeto. The Russia addition was catalyzed by Irdeto's partnership with Microimpuls, an established software developer for Internet Protocol TV and over-the-top provider that serves Russian operators and 10 million subscribers.
OTC Markets Group to hold a virtual conference » 09:0104/1504/15/21
DPSI, KRKNF, MCLDF, MINM, POETF, TAKOF
Technology Investor Virtual Conference to be held on April 15 at 9 am. Webcast Link
Minim announces deployment at ANY LAB TEST NOW sites » 07:3504/1404/14/21
Zoom Telephonics, doing…
Zoom Telephonics, doing business as Minim, announces that its solution is being rolled out at ANY LAB TEST NOW sites to ensure patient health data is protected over the locations' WiFi networks. Serving patients across the U.S., the ANY LAB TEST NOW has also approved Minim as a technology vendor for its over 190 locations.
|Over a month ago|
Kraken Robotics enters LOI to acquire PanGeo Subsea » 07:0404/0904/09/21
Kraken Robotics announced…
Kraken Robotics announced that it has entered into a non-binding letter of intent dated April 8, 2021 in connection with the proposed acquisition of PanGeo Subsea from Cahill Innovation and Argentum Asset Management. Moya Cahill, a director of Kraken, is a shareholder of Cahill Innovation Inc, and she resigned as a director of Kraken prior to the approval and execution of the LOI in order to ensure proper governance and review of the transaction by a fully arm's length board. The company said, "PanGeo is a private Canadian services company specializing in high resolution 3D acoustic imaging solutions for the sub-seabed. This proposed acquisition would accelerate Kraken's transformation to a Robotics/Data as a Service model by increasing recurring service revenue and providing increased exposure to the non-defense market, including the offshore renewable energy market. Following completion of the proposed acquisition, Kraken would offer a holistic solution of world-leading technologies and services in subsea acoustic and optical imaging: Kraken's suite of ultra-high resolution seabed 3D acoustic imaging sensors, autonomous robotics, and optical laser scanning paired with PanGeo's suite of leading-edge sub-seabed high resolution 3D acoustic imaging systems." Although the LOI remains non-binding, it is anticipated that the purchase price will be between $18-$24M, based on PanGeo's performance over the 2-year period following the acquisition, to be paid by way of cash and stock over that period. Based on initial information provided by the target, the unaudited consolidated assets at December 31, 2020, of the business that Kraken is proposing to acquire were $11.7M and net debt was $0.4M. Unaudited trailing 12-month revenues for the period ended December 31, 2020, were $9M and the corresponding EBITDA was a loss of $0.5N. ThiM was down from comparable 2019 revenues of $10.8M and EBITDA of $2.3M. The year-over-year decline was largely due to the impact of COVID on customer activity. Completion of the acquisition is subject to, among other matters, the completion of due diligence, the negotiation of a definitive agreement providing for the transaction, and satisfaction of certain other conditions to be negotiated therein. Given the materiality to Kraken, it is not anticipated that any Kraken shareholder approval would be required to complete the proposed acquisition. Pursuant to the LOI, the parties have agreed to a 60-day exclusivity period during which they will complete their due diligence and negotiate exclusively with each other with a view to settling the terms of the transaction and the form of definitive agreement. Further details will be provided upon successful completion of the due diligence period and the signing of a definitive agreement. The LOI may be terminated by either party if a definitive agreement is not entered into by May 31, 2021. In addition to other conditions, the proposed acquisition remains subject to the approval of the TSX Venture Exchange.
Minim announces nationwide availability of DOCSIS 3.1 networking devices » 07:3703/2903/29/21
Zoom Telephonics announced nationwide availability of next-generation DOCSIS 3.1 networking devices and an intelligent mobile app. The intuitive app, powered by Minim, delivers essential security and management for consumers and small businesses. Now launching in BestBuy.com online and in stores nationwide, the products will also be available at Micro Center, Barnes & Noble, B&H, Newegg, and Staples this Spring. Barnes & Noble, B&H, and Staples mark new retail channel expansions. Walmart, Target and Amazon are also active Motorola sales channels. These product launches establish new leadership positions for the innovative Motorola brand. The new Motorola MB8611 Cable Modem with 2.5 Gig ethernet delivers true Gigabit-plus speeds at the most competitive price point on the market. The new Motorola MG8702 Gigabit Cable Modem with built-in AC3200 4X4 Router includes a bundled mobile app that saves consumers with smaller homes from purchasing a separate WiFi system for advanced security and network management features.
Poet Technologies reports progress on Super Photonics Xiamen joint venture » 08:1003/1703/17/21
POET Technologies reported the progress made on Super Photonics Xiamen, its joint venture with Sanan IC. Since signing the definitive Joint Venture Agreement on October 21, 2020, substantial progress has been made in forming, locating, staffing and equipping SPX, whose mission is to create an assembly, test and sales operation for the production of optical engines based on the POET Optical Interposer platform. Highlights of the progress made to date include: Completed official registration of Super Photonics Xiamen; Nominated and appointed POET and Sanan IC members to the SPX Board of Directors; Appointed General Manager, Chief Financial Officer, Director of Research & Development, two engineering and one general administrative staff; five additional engineering staff have been made offers for appointment in April; Completed temporary clean room and office facilities of 5,000 square feet, co-located with Sanan IC in Xiamen and committed to completion of a permanent 15,000 square feet facility in high-tech industrial park outside of Xiamen by the end of the year; Ordered key capital equipment for delivery, installation and qualification in April-May; Received benefit of investment from Sanan IC of approximately US$5 million to cover initial operating and capital expenditures. Representing POET on the five-member SPX Board is Vivek Rajgarhia, POET's President & General Manager. Recruited and nominated by POET for the second position on the Board is Dr. Xiaozhong Zheng, General Manager of SPX and former senior executive from the photonics industry, including most recently W.L. Gore, Huawei and Oclaro. Sanan IC appointed Dr. Weizhong Sun, Sanan IC's Chief Technology Officer, as the Chairman and member, and Ruyan Zheng from the Sanan Group corporate office as board member and part-time CFO for SPX. With unanimous support of the Board and both partners to the JV, Dr. Yong-Zhen Huang, Professor of the Institute of Semiconductors of the Chinese Academy of Sciences and the University of the Chinese Academy of Sciences was appointed as the Independent member of the Board. Dr. Weizhong Sun has designated Mr. Rajgarhia to serve as Vice Chairman. Key initial appointments to the management team of SPX also include Dr. Yonghong Hu as its head of R&D, who was formerly with HiSilicon, Huawei and Oclaro. Under the direction of Dr. Zheng, General Manager of SPX, the business plan calls for the recruitment and appointment of an additional 25 personnel, which is anticipated to bring the headcount to approximately 30 by the end of 2021.
Minim reports Q4 EPS (4c) vs. (6c) last year » 07:3903/0903/09/21
Reports Q4 revenue $13.7M…
Reports Q4 revenue $13.7M vs. $10.57M last year. "We are extremely proud of our operational and financial accomplishments in 2020, which position our company well for continued growth in 2021," said Gray Chynoweth, Chief Executive Officer of Minim. "As the pandemic underlined, the need for high-quality home networking products and services is increasing rapidly. We intend to remain a leader in this market, providing continued innovation in best-in-class software, hardware and services to connect more customers and more homes in the U.S. and internationally."