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Slide #18. Sofame Technologies Inc. — New England-based Power Engineering and Services Firm
Sofame Technologies Inc. (SDW.CA)
New England-based Power Engineering and Services Firm
Sofame Technologies Inc. (TSXV: SDW) (OTC: SFMGF) has reached a non-binding agreement (LOI) to complete the arm's-length acquisition of 100 per cent of the common shares of a group of New England-based power engineering and services firms (the "Group") for a maximum of $5 million. The Group to be acquired specializes in steam generation at industrial and institutional boiler plants, utility power generating stations, cogeneration facilities, hydroelectric power generation, pulp & paper, and water or waste water treatment plants generating roughly, in the aggregate, $7 million of sustainable revenues and mainly having intangible assets. Through the proposed transaction Sofame would effectively acquire expertise in process controls, boilers, boiler room auxiliary equipment, steam and condensate distribution, combustion controls, burner management, emissions monitoring, waste heat recovery and field servicing and start-up of systems throughout North America. The acquisition would enable Sofame to provide comprehensive customer support in areas of engineering, systems integration, field service, mechanical fabrication, and equipment supply for boiler room applications.
Sofame technologies designs, engineers and manufactures direct contact water heating and heat recovery systems. Co.'s patented technologies deliver up to 100% fuel efficiency and flue gases temperature as low as 5°C above the incoming water temperature. Co.'s industrial, commercial and institutional markets cover space heating, domestic water heating, fresh air heating and process water heating.
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