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Sofame Investor News
(TSXV: SDW), (OTC.PK: SFMGF)
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Editor's Message
If you are a shareholder, please help us make others aware of the good work we are doing to increase the visibility of our company. Share this e-mail or any of the content on the main social media sites. Also please JOIN SOFAME on Facebook, Linked-In and Twitter and share these sites with your social media contacts! This is important in the digital world we have created. Welcome to the latest issue of Sofame Investor News on how your company helps facilities managers around the globe by recapturing waste energy to reduce utility bills, CO2 and NOx emissions. Please let us know what you think of this issue and how we can help better serve you. Sofame was featured in the magazine Canadian Industry Online in October 2013. It's a great exposé on our mission. Read it here! If you missed our new video in the last newsletter, please be sure to watch the new videos below in both French and English. These were published recently, so please share them on social media to help us get the word out!
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Sofame Selected as Finalist for Global Cleantech Award
Later Stage Companies in the Green Building Category
MONTREAL, October 25, 2013 - Sofame Technologies Inc. (TSX-V:SDW) (OTC.PK:SFMGF), a leading Canadian manufacturer of environmentally efficient industrial water heaters and cost effective heat recovery systems for traditional boilers, is pleased to be named as one of the top three finalists in the Green Building Category at the 2013 Global Cleantech Cluster Awards.
The Global Cleantech Cluster Association announced the finalists for its 2013 Global Top 30 Later Stage Awards on October 21st. The mid-to-late stage companies originate from a variety of cleantech industries, including solar, wind and clean web to lighting, energy efficiency, waste, and water. Each company was evaluated based on their merits in technological innovation and business acumen using the Keystone Compact Method.
The Top 30 semi-finalists in all ten categories will now be judged by 28 cleantech venture capitalists, investors and serial entrepreneurs who collectively manage $3.5 billion in clean technology investments. The GCCA judges include SJF Ventures, Blue Hill Partners, Spring Capital, Sofinnova Partners and many more, who will ultimately hand-select the winners. The Best in Class winners in the 10 Later Stage Award categories will be announced at the Corporate Cleantech Venture Day on November 20th at Sibelius Hall in Lahti, Finland.
"The 2013 Global Top 30 demonstrate investability, strong product differentiation, scalable business models and have secured solid market traction in their various clean technology sectors," said Dr. Peter Adriaens, Head Judge of the GCCA Later Stage Awards and developer of the Keystone Compact™ and associated scoring method. "Narrowing down the nominations from 160 to 30 follows a detailed and robust process and analytics. The 2013 Global Top 30 are some of the world's most sought after equity investable cleantech companies based on value capture potential in their CleanTech industry sectors."
For further information: Stone Communication Services
John Gocek Jason Stone
President & CEO (416) 867-2533
Neither 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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Investors Extend Sofame Bridge Loan Maturity for Two Months as Part of a Larger and More Complex Financing
MONTREAL, October 22, 2013 - Sofame Technologies Inc. (TSX-V: SDW) (OTC.PK: SFMGF), a leading manufacturer of environmentally efficient industrial water heaters and cost effective heat recovery systems for traditional boilers, is pleased to report that maturity of the $250,000 bridge loan was extended to December 19th, 2013, by a 100 percent vote of the lenders.
After two years of improved profitability, the operations have become attractive to new investors and lenders. New orders in-hand for the Percofrac® mobile water heater are scheduled to ship in the current quarter and in the new year. As part of a larger and more complex financing deal, Sofame has negotiated a $3 million credit line with a fund in New York to finance accounts receivable in the 2014 fiscal year. More details will be announced in the coming weeks.
Under the new loan agreement, the existing first rank mortgage bond represented by the bridge loan will be subrogated in favour of the new loan and credit line which are to be secured by all assets of the company. The new lenders have agreed to allow Sofame to sell its plant in Montreal to a real estate investment fund and leaseback its offices to reduce financing and operating costs. Sofame has outsourced its manufacturing for the last three years, and does not require in-house manufacturing capabilities. The offer to purchase the building is being finalized in October pending environmental and structural evaluations. The existing mortgage will be repaid at the closing expected in November.
According to John Gocek, Sofame's President & CEO, "The three financing transactions coming together now, in what is the first quarter of our 2014 fiscal year, represent many months of delicate negotiations. We are grateful to all the parties who believe in the value of Sofame's past and future contributions to commercialization of industrial energy efficiency."
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Natural gas used for heating is much cleaner than coal, but it still produces greenhouse gas. To help reduce natural gas consumption, Montreal-based company Sofame Technologies has developed a clean technology to recuperate residual heat from steam boilers. Ecole Polytechnique is one of places that has invested in this technology to improve its energy efficiency. In the second of eight videos that will highlight green technology in Quebec, video blogger Véronique Paquette-Corriveau of Ecotech Quebec discovered how the engineering school is able to heat two buildings for the price of one with Sofame's made-in-Québec innovation.
En video: Maximiser le gaz naturel (cliquez)
 Journal Metro, Montrel, 28 juillet 2013Le gaz naturel destiné au chauffage est bien moins polluant que le charbon, mais il émet tout de même du CO2! Pour permettre de réduire la consommation de gaz naturel, l'entreprise québécoise Sofame Technologies a développé une technologie propre permettant de récupérer la chaleur qui s'échappe normalement d'une chaudière à vapeur. Comme plusieurs aéroports, hôpitaux et usines, Polytechnique Montreal a investi dans cette technologie pour améliorer son rendement énergétique. La vidéoblogueuse Véronique Paquette-Corriveau de
a découvert comment cette école d'ingénierie chauffe deux bâtiments pour le prix d'un grâce à cette innovation québécoise.
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