TORONTO, March 15, 2018 /CNW/ - Centric Health Corporation ("Centric Health" or the "Company") (TSX:CHH) is excited to announce that AceAge Inc. ("AceAge") has signed a manufacturing agreement with Urtech Manufacturing Inc. ("Urtech"), a Burlington-based electronics manufacturer, and has initiated its process for the production of the first batch of Karie devices. Over the next several weeks, AceAge and Centric Health will be working with Urtech to complete thorough end-to-end systems testing in preparation for the product's launch in the summer of 2018.
Centric Health is also pleased to announce that it has advanced an additional $500,000 to AceAge in connection with its production initiation with Urtech and has also received a further 2.5% in equity for its provision of certain ongoing support and consulting services, thereby increasing its ownership interest in AceAge to 17.5%.
New Date! Join Us Apr 25 for IoT Session 2: After our sold-out, very successful Path to Market for IoT event, we are delighted to offer Session 2 of our IoT series. “Connected Shelves, Wearables, and Cows” is specifically geared to companies looking to introduce or enhance electronics, sensors, antennas and communication capabilities in their products. visit Eventbrite for more details.
Arrow: Pamela Chernis, email@example.com, cell: 416.895.7527
Urtech: Karen Bozynski, firstname.lastname@example.org, cell: 416.992.0911
UrStart Accelerator Centre is the collaboration centre for startups and product companies to access Experts and Resources specific to electronics hardware, for agile collaboration and production enabling a faster time to market.
Mayor of Burlington Rick Goldring and Urtech Manufacturing president Greg Gehl led the ribbon-cutting ceremony on April 19, 2017, to launch the UrStart Accelerator Centre, to a full-capacity gathering. Attendees included key participants in the innovation ecosystem of UrStart, including startups, supply chain professionals, electronic circuit design engineers, plastics and enclosures experts, intellectual property and incorporation lawyers, and members from Ontario Centres of Excellence and Regional Innovation Centres (RICs), whose programs to grow companies with talent and capital are great complements to UrStart’s core competency in optimizing product manufacturing.
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UrStart, the Hardware Accelerator at Urtech Manufacturing, is a collaboration and working space for startups to access the Expert Network and Resources specific to electronics hardware and physical products, with world-class manufacturing capabilities on site. Membership can be flexible, month-to-month arrangements which can adapt as you and your team’s needs progress. To learn more about becoming a member of UrStart, please contact Frank Grima, VP Business Development, email@example.com, (905) 667- 2310 ext 203, or Karen Bozynski, Director of Business Development, firstname.lastname@example.org, (416) 992-0911.
Urtech Manufacturing announced today that it has completed its acquisition of Jolt Technology Inc., a provider of customized electronics manufacturing services and quick-turn prototyping to local and National customers throughout the U.S.
Jolt Technology, founded in Fort Lauderdale, Florida, in 1989, will now operate as Urtech Florida LLC.
The acquisition is an exciting critical step in the strategic growth of Urtech Manufacturing; the deal will expand Urtech’s service footprint to customers across Canada and the United States.
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We are delighted to announce our expansion into the United States, and welcome the Jolt team to Urtech, said Greg Gehl, President, Urtech Manufacturing.
We look forward to working with customers and demonstrating our commitment to delivering exceptional manufacturing services, Gehl continued.
Headquartered in Burlington, Ontario, Canada, Urtech Manufacturing offers local manufacturing solutions to both North American companies and global Original Equipment Manufacturers (OEMs) from its 80,000 square-foot facility.