Transeastern Power Trust Reports First Quarter 2017 Results

TORONTO, ONTARIO–(Marketwired – May 29, 2017) – Transeastern Power Trust (“Transeastern” or the “Trust”) (TSX VENTURE:TEP.UN)(TSX VENTURE:TEP.DB) has released its unaudited financial results for the quarter ended March 31, 2017. All amounts in this release are expressed in Canadian dollars unless otherwise indicated.
Q1 2017 Highlights
Produced 19,570 MWh of energy for the quarter ended March 31, 2017 compared to 5,187 MWh in the first quarter of 2016, an increase of 277% and generated revenue of $2,779,970, with $790,804 from the sale of electricity and $1,989,166 from the sale of green certificates (“GCs”).
Earned operating margin[1] (revenues less operating expenses) of $2,001,405 for the quarter, an increase of 218% over the operating margin of $628,059 for the first quarter of 2016 (see reconciliation of operating margin under “Non-GAAP Measures”).
The Trust closed a $3.8 million secured debt facility on January 20, 2017 and repaid the Sprott debt facility early.
During the quarter, the Trust completed a cost rationalization exercise across its Romanian operations that management believes will result in a reduction of annual costs of approximately $300,000 and improved operating performance of the Trust’s hydroelectric assets.
J. Colter Eadie, Chief Executive Officer of Transeastern commented, “We are now seeing the production increases expected as a result of the Baia Wind acquisition in 2016 and the implementation of cost cutting and efficiency measures across the business. We remain focused on optimizing and improving the performance of our current renewable energy portfolio and continue to pursue new acquisitions that are accretive to the Trust.”

[1] Operating margin is a non-GAAP measure calculated by deducting cost of sales from revenues. Refer to “Review of Operations” in the Trust’s Management’s Discussion and Analysis for the year ended December 31, 2016 for further details.
About Transeastern
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The Trust, through its direct and indirect subsidiaries in Canada, the Netherlands and Romania, has been formed to acquire interests in renewable energy assets in Romania, other countries in Europe and abroad that can provide stable cash flow to the Trust and a suitable risk-adjusted return on investment. The Trust seeks to provide investors with long-term, stable distributions, while preserving the capital value of its investment portfolio through investment, principally in a range of operational assets, which generate electricity from renewable energy sources, with a particular focus on solar and hydro power. The Trust intends to qualify as a “mutual fund trust” under the Income Tax Act (Canada) (the “Tax Act”). The Trust will not be a “SIFT trust” (as defined in the Tax Act), provided that the Trust complies at all times with its investment restriction which precludes the Trust from holding any “non-portfolio property” (as defined in the Tax Act). All material information about the Trust may be found under Transeastern’s issuer profile at
Forward-Looking Statements Except for statements of historical fact contained herein, the information in this press release constitutes “forward-looking information” within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as “anticipates”, “plans”, “proposes”, “estimates”, “intends”, “expects”, “believes”, “may” and “will”. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others: risks related to foreign operations (including various political, economic and other risks and uncertainties), the interpretation and implementation of the energy law, expropriation of property rights, political instability and bureaucracy, limited operating history, lack of profitability, high inflation rates, failure to obtain bank financing, fluctuations in currency exchange rates, competition from other businesses, reliance on various factors (including local labour, importation of machinery and other key items and business relationships), risks related to seasonality (including adverse weather conditions, shifting weather patterns, and global warming), a shift in energy trends and demands, a shift in energy generation in the European Union, vulnerability to fluctuations in the world market, the lack of availability of qualified management personnel and stock market volatility. Details of the risk factors relating to Transeastern and its business are discussed under the heading “Risks and Uncertainties” in Transeastern’s annual management’s discussion & analysis dated May 3, 2017, a copy of which is available on Transeastern’s SEDAR profile at Most of these factors are outside the control of the Trust. Investors are cautioned not to put undue reliance on forward-looking information. These statements speak only as of the date of this press release. Except as otherwise required by applicable securities statutes or regulation, Transeastern expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise. 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.


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North America Sports Nutrition Market 2016-2022 – Research and Markets

DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “North America Sports Nutrition Market (2016-2022)” report to their offering.
People are getting more concern about their health and food. One of the biggest trends in U.S. is the healthy eating. As per the statistics, more than half of the U.S consumers reported that they always trying to eat healthy food. It is also recorded that people prefer restaurants that provides healthy options on their menu. In addition to this, young population is becoming more health conscious. As per the survey, 60,000 consumers in more than 60 nations revealed that younger consumer are more concerned about their health and diet plans.
Sports supplements are marketed in the form of capsules, pills, and powders and the major categories are weight gainers, muscle builders, performance enhancers, and meal replacement powders. Meal replacement powders have gained prominence among the women, especially for weight loss and weight management reasons. Growing number of health clubs and fitness centers have further added to the market potential. Protein and carbohydrate bars have a relatively higher market penetration in the developed markets, as compared to developing regions.
Key market players profiled in the report are:
The Coca Cola Company
PepsiCo, Inc.
Glanbia. Plc
Post Holdings, Inc.
Clif Bar & Company
Reckitt Benckiser Group plc
Abbott Laboratories
Key Topics Covered:
1. Market Scope & Methodology
2. Executive Summary
3. Market Overview
4. North America Sports Nutrition Market
5. North America Sports Nutrition Market by Users
6. North America Sports Nutrition Market by Product Type
7. North America Sports Nutrition Market by Country

8. Company Profiles
For more information about this report visit


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Research and Markets – Global Liqueurs Market 2017-2021: Demand for New Flavors / New Packaging Formats / Demand for Craft Brands / Increasing Availability in On-Trade Channel




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Picosun Reports Repeat Sales of Production Cluster Systems

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IMPORTANT INVESTOR ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Avinger, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES–(BUSINESS WIRE)–Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against Avinger, Inc. (“Avinger” or the “Company”) (Nasdaq: AVGR) concerning possible violations of federal securities laws. Investors who purchased or otherwise acquired Avinger shares pursuant and/or traceable to its initial public offering (“IPO”) on January 30, 2015, should contact the firm.

To participate in this class action lawsuit, click here.
You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or e-mail him at
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No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
According to the Complaint, the Registration Statement and Prospectus filed for Avinger’s IPO contained materially false and misleading statements and/or failed to disclose: that the Company did not have adequate sales and marketing personnel to increase sales of its lumivascular platform products and to commercialize Pantheris; that Avinger already experienced problems with the robustness of its lumivascular platform devices, including Pantheris; that physicians and hospitals were requiring more extensive and comprehensive training and education on the benefits of Avinger’s products to convince them to adopt and implement its lumivascular platform products instead of competing products and procedures available in the market; that the Company would not be able to achieve a rapid ramp rate for increased sales of its lumivascular platform; and that as a result of the above, Avinger was experiencing lower sales and revenues. When this information was released, the Company’s shares fell in value, causing investors harm according to the Complaint.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.



Emerald Expositions Acquires Snow Show from SnowSports Industries America

SAN JUAN CAPISTRANO, Calif.–(BUSINESS WIRE)–Emerald Expositions, LLC (“Emerald Expositions”), a wholly owned subsidiary of Emerald Expositions Events, Inc. (NYSE: EEX), producer of Outdoor Retailer and a leading U.S. business-to-business trade show and conference producer, and SnowSports Industries America (SIA), the snow sports industry’s member-owned trade association, announced today the acquisition of the SIA Snow Show by Emerald Expositions.
Under the new ownership of Emerald Expositions, the January SIA Snow Show will merge with Outdoor Retailer to become the Outdoor Retailer + Snow Show endorsed and sponsored by SnowSports Industries America and Outdoor Industry Association (OIA), and will be the largest outdoor and winter sports industry gathering in North America. SIA will remain an active partner in support of the event. OIA will be the co-title sponsor of all Outdoor Retailer winter shows and the title sponsor of Outdoor Retailer summer shows.
“This is an incredible opportunity for our members and the industry as a whole,” said Nick Sargent, SIA President. “For quite some time, the industry has asked to merge the shows. A consolidated trade show not only helps reduce the stress on our industry, but also provides a platform that offers more impact for our members to do business, while delivering a greater ROI. SIA is excited by the opportunities ahead and looks forward to reinvesting into the creation of new and expanded programs and tools to help our members, and the industry as a whole, thrive.”

“By merging these two January shows, we will bring the outdoor and snow sports industries together under one roof, creating an optimal and authentic forum for exhibitors and retailers alike,” said Marisa Nicholson, vice president of the Sports Group for Emerald Expositions and Outdoor Retailer Show Director. “This acquisition gives us the opportunity to better serve the business imperatives of the winter sports brands, reps and retailers. We look forward to the positive impact this collaboration will have on the industry.”
It’s anticipated that the first combined Outdoor Retailer + Snow Show trade show will stage January 2018 in Denver, Colorado.
The acquisition and resulting trade show consolidation was finalized after months of discussions between Emerald Expositions and SIA as well as by a rigorous voting process, which included a unanimous vote from the SIA Board of Directors and an overwhelming approval by SIA Premium Members.
Chair of the SIA Board of Directors and Marker Völkl USA President, Mike Noonan, said, “The Board felt strongly that this acquisition was the right move for the health of the industry and in the best interest of the membership. SIA’s members will benefit increasing greatly by an enhanced trade show and by the organization’s bandwidth being freed to focus on and invest in more meaningful tools and programs. We’re looking at the long-term growth of the industry, with priorities like research, education, consumer outreach, retail support and participation.”
“Today’s announcement is a significant milestone for the outdoor and winter industries,” said Amy Roberts, Executive Director of the Outdoor Industry Association. “OIA will continue to work closely with Emerald and SIA to ensure the best return on investment for all members and to provide the outdoor and winter industries with a gathering place for meaningful collaboration and dialog around participation, sustainability, and public policy.”
As part of the agreement, SIA will continue to produce the well-attended On-Snow Demo and Industry + Intelligence Day. Additionally, SIA leadership will sit on Outdoor Retailer’s Event Advisory Board, providing strategic counsel on behalf of the snow industry regarding show dates, long-term planning, pricing structure, member discounts, show floor plan, community building, new concepts and the like to ensure that SIA member interests are well represented.
Corporate Solutions of Westport, Connecticut was the exclusive advisor to SIA in arranging, structuring and negotiating this transaction.
– About SIA –
SnowSports Industries America (SIA) is a non-profit member-owned trade association that works year-round with snow sports suppliers, retailers, resorts, reps and service providers to develop products and programs that support individual and collective business needs. Through research, education, consumer outreach, retail support and participation initiatives, SIA drives industry growth. Also a producer of gatherings vital to the health of the snow industry, SIA annually hosts the On-Snow Demo/Ski-Ride Fest, the Industry + Intelligence Day. Learn more at
– About Emerald Expositions –
Emerald Expositions is the largest operator of business-to-business trade shows in the United States, with most of our shows dating back several decades. We currently operate more than 50 trade shows, including 31 of the top 250 trade shows in the country as ranked by TSNN, as well as numerous other events. Our events connect over 500,000 global attendees and exhibitors and occupy more than 6.5 million NSF of exhibition space. We have been recognized with many awards and accolades that reflect our industry leadership as well as the importance of our shows to the exhibitors and attendees we serve.
– About Outdoor Retailer –
Outdoor Retailer brings together retailers, manufacturers, industry advocates and media to conduct the business of outdoor recreation through trade shows, Outdoor Retailer Magazine, product demo events, media events and web-based business solutions. The Outdoor Retailer trade shows are the premier outdoor industry events for North America, providing platforms for critical face-to-face business initiatives, line previews, innovations, launches, networking and retailer education. Visit for more information.
– About Outdoor Industry Association –
Based in Boulder, Colo., with offices in Washington, D.C., Outdoor Industry Association (OIA) is the leading trade association for the outdoor industry and the title sponsor of Outdoor Retailer. OIA unites and serves over 1,200 manufacturers, supplier, sales representative and retailer members through its focus on trade and recreation policy, sustainable business innovation and outdoor participation. For more information, visit


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Research and Markets – Global Growth Opportunities in the Specialty Film Market 2017-2022 – Major Players are DuPont Teijin, Toray, Mitsubishi, Uflex, and Jindal Poly




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Northstar Commercial Partners Provides New Corporate Headquarters for Air Methods at 5500 S. Quebec

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Vesper’s MEMS Microphone Saves >10x More Battery for Voice-activated Systems

BOSTON, MA–(Marketwired – May 24, 2017) – Vesper, developer of the world’s most advanced and reliable acoustic sensors, today launched VM1010, the first MEMS microphone to bring voice activation to battery-powered consumer devices — while drawing nearly zero power.
The inaugural member of Vesper’s ZeroPower Listening™ MEMS microphone product line, VM1010 is a tiny, ultra-rugged piezoelectric MEMS microphone that allows product designers to offer touchless user interfaces to consumers, without any power-consumption penalty. Consuming a mere 6 µA while in listening mode, VM1010 extends battery life to months or years by enabling the rest of the system to completely power down while waiting for a keyword. That is a major advantage to designers who can create an entirely new class of rugged, battery-operated, voice-interface devices that work anywhere. 
“Consumers want to interact with their electronic devices using just their voice. We are seeing a Cambrian Explosion of voice-enabled consumer electronics, including smart speakers, smart earbuds, and diverse IoT products,” said Matt Crowley, CEO, Vesper. “The problem is that speech recognition consumes a lot of power, 1000 µW or more, and that is why most voice-activated devices must be plugged in. By using unique materials that directly convert sound energy into electrical energy, VM1010 is the only MEMS microphone that uses sound energy itself to wake devices from sleep, while consuming negligible power. That’s a huge advantage to consumers who will be able to use their hearables, wearables, smart speakers, and event-detection systems for months or even years at a time, without recharging or replacing batteries.”

Amazon’s Alexa Fund has recently supported both Vesper and Invoxia, as two startups that are advancing voice user interface through their respective technologies. Invoxia is also preparing to launch its soon-to-be-released VM1010-based smart home hub. (See: Vesper Raises $15M Series A to Drive Pervasive Voice Interfaces and Amazon Announces the Next Alexa Fund Recipient: Invoxia.)
“When we first tested VM1010, we could hardly believe how much it extended battery life. We are excited to work with Vesper as we prepare to launch the world’s first ZeroPower Listening smart home hub in the coming months,” said Serge Renouard, CEO, Invoxia. “We expect consumers to delight in their ability to use Amazon Alexa as they wake our new smart speaker from sleep, without having to push a button to activate a product that they can use anywhere.”
About VM1010
VM1010 is a low-noise, high dynamic range, single-ended analog output piezoelectric MEMS microphone. It features a configurable voice zone, allowing voice in a 5-foot radius to 20-foot radius-zone to trigger the system and increase to a normal operation mode. When the environment is quiet, the system can enter ZeroPower Listening mode and the entire system can power down.
Like other Vesper piezoelectric MEMS microphones, VM1010 sets the standard for reliability and stability, even in harsh environments. It is dustproof to IP5X and waterproof to IPX7. Because it is stable in all environments, VM1010 microphones are also ideally suited to microphone arrays, which are critical to far-field audio applications.
Drawing a mere 6 µA of power in always-listening mode, VM1010 extends battery life by >10x.
VM1010 is a single-ended analog piezoelectric MEMS microphone. VM1010 is currently sampling and is available online through Digi-Key. Test boards and reference design boards using VM1010, DSP Group’s DSPG DBMD6 and Sensory’s Truly Handsfree™ wake word algorithms are available from Vesper via an exclusive invitation-only program.
For sales inquiries, contact Vesper via email: or visit Vesper on the web:
About Vesper
Vesper is a privately held advanced sensor company based in Boston, MA. With origins at the University of Michigan and initial funding from NASA, NSF and the NIH, Vesper’s award-winning microphones are driving a new era of pervasive voice interfaces and acoustic event detection via a proprietary piezoelectric MEMS technology. These products include hearables/wearables, smartphones, smart speakers, Internet of Things (IoT) devices and connected cars. Vesper is funded by Accomplice, Amazon’s Alexa Fund, AAC Technologies, Hyperplane, and other strategic partners. For more information about Vesper, please contact us via email: or web:
ZeroPower Listening is a trademark, and the Vesper logo is a registered trademark, of Vesper. All other product and company names are trademarks or registered trademarks of their respective holders.
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