GlobeNewswire

WaveTech Global Announces Acquisition of Power Analytics

Share

HOBOKEN, N.J., April 29, 2019 (GLOBE NEWSWIRE) -- WaveTech Global, Inc (the "Company" or "WaveTech"), a global next generation technology platform company that specializes in power management and efficiency, asset lifecycle extension, data-analytics, and intellectual property development, announced today the signing of a definitive agreement and simultaneous closing of the purchase of the assets of Power Analytics, Inc a market leading provider of real-time power modelling, simulation and digital twin management software.  Pursuant to this transaction, WaveTech Global will purchase certain assets and intellectual property of Power Analytics for consideration in the form of common stock shares.  Over $20million has been invested into the Power Analytics software technology, and WaveTech Global will now have ownership and access to over 20 additional granted patents.

Kevin Meagher will join the senior leadership and all current employees of Power Analytics will continue their current responsibilities within the WaveTech Global group of companies. With this transaction three new strategic and institutional shareholders of GE, Casuam Enterprises, and Carolina Financial have joined the shareholder base of WaveTech Global, Inc.

Kevin Meagher of Power Analytics stated, “The WaveTech Global team has created an exceptional platform to address mission critical markets in telecommunications, energy storage, utilities, information technology (especially data centers) and renewable generation in all markets.  The combined technologies and platform represent the extraordinary application of Artificial Intelligence technology in high availability energy markets and situational awareness that communications and transactional data are so dependent on.  We are delighted to be part of this synergistic team representing years of applied research and technology as an industry leader.”

Michael Kotlarz of WaveTech noted, “The addition of Power Analytics with  its real-time Power Digital Twin Software as a Service (SaaS) and its Power Analytics Gateway marks an acceleration in WaveTech’s ability to deliver a high value-added platform that generates huge efficiency, and cost savings based on both real-time empirical and predictive simulation data.  Our combined platform will enable operational visibility and proactive insight unlike anything currently in the space.”

Keith Barksdale of WaveTech and BV Advisory Partners stated, “We are excited to have Kevin Meagher and his team join the Wavetech Global family. Kevin has been named as a Top 100 experts in the US smart grid sector, and his thought leadership will help WaveTech accelerate the launch of our proprietary Digital Network Clone product offerings that will change the way network operators build, maintain, and repair their critical infrastructure. With this acquisition we also immediately increase our reoccurring SaaS Revenue with new Fortune 100 Global Customers."

WaveTech’s extensive platform of products include power asset life extension, operational servicing and automation, lifetime cost reduction, and real-time heterogeneous power source switching. WaveTech’s Power-Control network architecture (Patent pending) creates an automated intelligent network from your power storage and generation assets to accomplish a diverse set of customer specific goals from maximizing availability to minimizing cost. In addition, WaveTech’s patented approach to crystal control (CCT®) can dramatically reduce the need for backup energy capital expenditure and associated operating costs for the environmental control and maintenance needed to protect and operate these critical energy assets. CCT’s dramatic improvements in cost and reliability were born from a portfolio of patented Intellectual Property specializing in the manipulation of crystallization formations within fluid media.

WaveTech was advised by BV Advisory Partners, and Power Analytics was advised by Carolina Financial.

About WaveTech Global
WaveTech is a global next generation energy management company that specializes in asset lifecycle extension, intellectual property development, and implementation services. The Company offers a global portfolio of end-to-end energy optimization and lifecycle management solutions developed from proprietary intellectual property, engineered systems, and operational expertise.  WaveTech’s extensive suite of products include power asset life extension, operational servicing and automation, lifetime cost reduction, and real-time heterogeneous power source switching. Additional information regarding WaveTech may be found on WaveTech’s website at http://www.wavetechglobal.com

About Power Analytics
Embraced by the power industry for more than 25 years, Power Analytics’ software is at the forefront of the electrical system planning and operation space for energy intensive, mission-critical facilities and microgrids, and currently protects more than $120 billion in customer assets. The Company’s worldwide operations include sales, distribution, and support offices located throughout North America, South America, Europe, Asia, Africa and Australia. For more information, visit http://www.poweranalytics.com
Media Contact: Steve Lopiano – Power Analytics Corporation
slopiano@poweranalytics.com

Forward-Looking Statements:
The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as "anticipate," "appear," "believe," "could," "estimate," "expect," "hope," "indicate," "intend," "likely," "may," "might," "plan," "potential," "project," "seek," "should," "will," "would," and other variations or negative expressions of these terms, including statements related to expected market trends and the Company's performance, are all "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based except as required by applicable law and regulations.

Investor Relations
Damon Cameron
WaveTech Global, Inc.
201.280.9850

About GlobeNewswire

GlobeNewswire
GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://globenewswire.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire

Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire

CHMP recommends EU approval of Roche’s Rozlytrek for people with NTRK fusion-positive solid tumours and for people with ROS1-positive, advanced non-small cell lung cancer29.5.2020 12:03:00 CESTPress release

·Rozlytrek has shown durable responses across multiple tumour types, including cancer that has spread to the brain, and could become Roche’s first tumour-agnostic therapy in Europe Basel, 29 May 2020 - Roche (SIX: RO, ROG; OTCQX: RHHBY) today announced that the European Medicines Agency’s (EMA) Committee for Medicinal Products for Human Use (CHMP) has adopted a positive opinion under conditional marketing authorisation for Rozlytrek® (entrectinib) for the treatment of adult and paediatric patients 12 years of age and older with solid tumours expressing a neurotrophic tyrosine receptor kinase (NTRK) gene fusion, who have a disease that is locally advanced, metastatic or where surgical resection is likely to result in severe morbidity, and who have not received a prior NTRK inhibitor, who have no satisfactory treatment options. The CHMP has also recommended Rozlytrek for the treatment of adults with ROS1-positive, advanced non-small cell lung cancer (NSCLC) not previously treated with RO

RESULT OF RIKSBANK REVERSED AUCTION SEK BONDS MAY 29, 202029.5.2020 10:09:32 CESTPress release

Auction date2020-05-29Loan1061Coupon0.75 %ISIN-codeSE0011281922Maturity2029-11-12Tendered volume, SEK mln1,000 +/- 250Volume offered, SEK mln3,825Volume bought, SEK mln1,000Number of bids17Number of accepted bids2Average yield-0.040 %Lowest accepted yield-0.040 %Highest yield-0.039 %% accepted at lowest yield 90.00 Auction date 2020-05-29 Loan 1062 Coupon 0.125 % ISIN-code SE0013935319 Maturity 2031-05-12 Tendered volume, SEK mln 1,000 +/- 250 Volume offered, SEK mln 4,150 Volume bought, SEK mln 1,000 Number of bids 15 Number of accepted bids 4 Average yield 0.093 % Lowest accepted yield 0.089 % Highest yield 0.096 % % accepted at lowest yield 100.00

Pawel Wyszynski new Head of Investor Relations at SEB29.5.2020 09:00:00 CESTPress release

Press release Stockholm 29 May 2020 Pawel Wyszynski has been appointed new Head of Investor Relations at SEB and will assume his position on 7 September 2020. Prior to joining SEB, Pawel Wyszynski has held the position as Director of Shareholder Relations at EQT and he has a solid background as Equity Analyst at Nordea, Danske Bank and Crédit Agricole Cheuvreux. The present Head of Investor Relations, Christoffer Geijer, will join the management team of SEB Investment Management to lead the effort to enhance the distribution of SEB IM’s product offering. For further information, please contact Frank Hojem, Head of Corporate Communication +46(0)8 763 99 47 frank.hojem@seb.se SEB is a leading Nordic financial services group with a strong belief that entrepreneurial minds and innovative companies are key in creating a better world. SEB takes a long-term perspective and supports its customers in good times and bad. In Sweden and the Baltic countries, SEB offers financial advice and a wide

Pawel Wyszynski ny chef för Investor Relations på SEB29.5.2020 09:00:00 CESTPressemelding

Pressmeddelande Stockholm 29 maj 2020 Pawel Wyszynski har blivit utnämnd till ny chef för Investor Relations på SEB och tillträder sin tjänst den 7 september 2020. Pawel Wyszynski har tidigare varit chef för Shareholder Relations på EQT och har en gedigen bakgrund som aktieanalytiker på Nordea, Danske Bank och Crédit Agricole Cheuvreux. Den nuvarande chefen för Investor Relations, Christoffer Geijer, kommer att tillträda en tjänst inom ledningen för SEB Investment Management, där han kommer att leda arbetet med att optimera distributionen av SEB IM:s produktutbud. För mer information kontakta Frank Hojem, chef Corporate Communication 08-763 9947 frank.hojem@seb.se SEB är en ledande nordisk finansiell koncern. Vi tror starkt på att entreprenöriellt tänkande och innovativa företag behövs för att skapa en bättre värld, och med ett långsiktigt perspektiv stöttar vi våra kunder i både med- och motgång. I Sverige och i de baltiska länderna erbjuder vi ett stort spann av finansiella tjänster