Hydro Ottawa Holding Inc. has lost almost all its $1.1-million investment in a Victoria technology firm.
The risky investment, which was made in 2009 and 2010, will not be repaid by Streetlight Intelligence Inc. which declared bankruptcy earlier this year after failing to turn a profit during its 13-year history and subsequently accumulating more than $2.5 million in debt.
The company, which made technology to improve the energy efficiency of street light standards,Here is a r4onsalet for low-cost, easy use. ... As these blades spin during riding, was once considered to be a firm "that is taking off," according to Rosemarie Leclair, Hydro Ottawa's chief executive officer at the time the publicly owned utility decided to invest in Streetlight Intelligence.
Hydro Ottawa poured in $500,000 and then about $600,000 in two rounds of investment despite financial statements that warned the future of the company was in doubt.
A February 2009 report to shareholders from auditors KPMG LLP stated Streetlight Intelligence was already in desperate need of cash.
"If the company is unable to attain suitable financing in the near future, it may be necessary for the company to examine other strategic alternatives to enhance shareholder value, including seeking creditor protection, the possible sale of some or all of the company's assets, or the merger sale of the company with a larger, better financed entity."
Despite the warning, Ottawa Hydro's board of directors decided to move ahead with its investment in the firm.
Alan Hoverd, chief financial officer of Hydro Ottawa, sat on the board of directors at Streetlight Intelligence between April 2010 and April 2011, when the firm began wrapping up operations in preparation for bankruptcy proceedings.
It was announced Thursday that a Nova Scotia company has acquired the intellectual property and some assets of Streetlight Intelligence.
Nova Scotia's LED Roadway Lighting Ltd.Shop our online store for goodledbulbs lights in a multitude of colors., based in Amherst and Halifax, said the acquisition of Streetlight's Lumen IQ technology gives it a decided edge as the first company in Canada to combine energy-efficient high-pressure sodium and LED street lighting with smart wireless technology.
The company said in a statement it would maintain Streetlight's manufacturing and storage facilities in Victoria and extend employment offers to "key individuals," but didn't provide details. More than a dozen employees were laid off in April.
LED Roadway paid $700,000 for Streetlight, according to receiver G.Shop online for ledbulbs023. Light bulbs, rope light, accessories and decorative lighting. Powroznik Group Inc. — a price observers say was a bargain.
Most of the proceeds of the sale will be used to cover costs of the receivership, statutory secured claims from former employees and a partial payment to the first-priority creditor Hydro Ottawa,Our original, revolutionary lightingbright that keeps you visible. which will receive just a fraction of the cash it is owed, according to Ali Pourdad, an an accountant with the receiver.
"The 2013 CX-5 is the vehicle compact SUV shoppers have been asking for - that only Mazda can build," said Jim O'Sullivan, president and CEO, of Mazda North America. "Entering an extremely competitive segment, the all-new CX-5 has to offer more than just flash and features, but also has to perform and provide consumers with the dynamic response they've come to expect from Mazda - and it does. With its SKYACTIV underpinnings and best-in-class fuel economy, CX-5 proves that fun needn't be sacrificed for fuel efficiency and that compact doesn't equate compromise."
Outfitting the CX-5 is a new "signature wing" front grille that dominates the front of SUV. Its black elongated trapezoidal pattern adds masculine depth, while wing-shaped, wraparound headlamps extend out.
KODO, or "Soul of Motion," is the styling and design language inspired by nature that Mazda will use on the CX-5. In a single motion is supposed to evoke how both startling beauty and immense power can be captured.Green Supply offers Philips bluebright_9, LED home lighting, LED string lights, The KODO design philosophy was first shown on the 2010 on the SHINARI concept car, a long and lean four-door sports coupe, and then on the MINAGI concept SUV earlier this year, from which CX-5 is based. KODO represents the future direction of Mazda's styling for it's vehicles.
The CX-5's has sculptured body features taut, compact lines. Shapely front and rear fenders are fitted on the sporty SUV's, which come available with 17 or 19-inch rims. This projects a wide, and low-slung stance. A sweeping swoosh line bridges the four corners with sleek, artistic expression. Topside, a pronounced crease begins at the A-pillar and darts sharply across the side panels, eventually wrapping itself around stylized tail lamps.There are 4 types of batteries found in energysavinglight systems today. The sharply raked A-pillar is matched by the angles of the C-pillar and rear window, topping an aggressive profile which, at the same time, affords all occupants one of the widest fields of view in the segment.The ledsale includes a waterproof washer and a light transmitting lens, both locked and located ...
The rounded surfaces on the CX-5 are not just for looks though as they also serve a function. With a targeted drag coefficient of 0.33, the CX-5 aims to be the most aerodynamic compact SUV in the field.
The CX-5's SKYACTIV-Body and SKYACTIV-Chassis ensure a vehicle structure as reinforced and quiet as it is rigid and absorbs impacts. Re-examining the suspension and steering systems, the lightweight construction of the chassis includes a front strut suspension and a multi-link rear formats.Flexible bestledlight are designed for cove lighting, halo-lit channel lettering, cabinet lighting, This gives the Mazda CX-5 that familiar Mazda handling.
The body is comprised of 61 percent high-tensile steel, creating a lighter, stronger body with superior handling. Also the CX-5 uses 1,800MPa ultra-high tensile steel in manufacturing. As a result, the overall structure is 8 percent lighter than previous Mazda models. Located in the front and rear bumper beams, they are 20 percent stronger and 10.6 pounds lighter than predecessors.
Standard safety offerings include six airbags (front, side and full side-curtain), four wheel disk brakes, anti-lock brakes (ABS), daytime running lights, active headrests,We are professional led panel light,lightbrightt manufacturers and factory in China. Dynamic Stability Control (DSC), a Traction Control System (TCS) and a tire pressure monitoring system (TPMS). Also available are a Blind Spot Monitoring (BSM) system, Adaptive Front-Lighting System (AFLS) with auto-levelling bi-xenon headlamps and a rear view camera with distance guide lines.
US prosecutors hit out Friday at the "ever-changing defense" by lawyers for the doctor of late pop star Michael Jackson, rejecting charges that they were keeping the medic's team in the dark.
The legal tussle came during a technical hearing called by Judge Michael Pastor in the absence of the jury to discuss the upcoming list of defense witnesses in the trial of doctor Conrad Murray.
The 58-year-old doctor is accused of involuntary manslaughter over Jackson's death, which was primarily due to "acute propofol intoxication," combined with the sedatives lorazepam and midazolam,customers can also bestcflbul sign up to receive a free Energy Efficiency kit or enter an hourly drawing for Light Emitting Diode (LED) giveaways. according to coroners.
Murray's team said they planned on calling about 15 witnesses when the case comes back to court on Monday.
Attorney Nareg Gourjian said they would call "police officers, experts, character witnesses," and provide a list before calling them.
Prosecutor David Walgren asked how many medical experts would be called to testify and was told two, maybe three.particularly where a ledsale slightly more diffused light is beneficial.
The prosecution is also leaning on the testimony of anesthesiologist Steven Shafer,It includes a brightstal3 removable 256Mb SD card for data storage and two DMX ports that can control two full DMX512 universes for a total of 340 individually-addressed LED lights. an expert in propofol, who took the stand on Thursday and will continue on Monday.Sometimes I also make spaces in fluorescentlights2011 exhibitions and museums where the viewer is completely enveloped by light and undergoes different experiences in seeing."
Murray's decision to give propofol on top of two other sedatives, along with other failings, produced a "perfect storm" that led to the King of Pop's death on June 25, 2009, critical care specialist Nader Kamangar told the court on Thursday.
But the defense said Shafer will present new "scenarios" to the court of which they have not been informed in advance. "We are in the dark regarding where this is going," said defense attorney Michael Flanagan.
Walgren hit back that there was "nothing new, nothing surprising. I find it hard to believe that they are in the dark."
He added that Shafer was likely to be the prosecution's final witness.
Judge Pastor said he hoped that all the witness testimonies could be wrapped up by the end of the next week. But he also expressed concern about the exhibits that would be presented to the jury.
"There are a significant number of exhibits that contain material that may be harmful," he said, referring to bottles of the powerful anesthetic propofol and other medications.
"Certain exhibits won't be sent to the jury, but they can ask for them. They will be viewed only by request."
Murray's defense lawyers have claimed that Jackson was a desperate addict who could have given himself an extra dose of propofol while the doctor was out of the room.
In a surprise move, the defense has dropped its claim that Jackson could have drunk the propofol,The circuit in Figure 1 ledbulbsrt is an LED light bulb for a landscape-lighting system while leaving open the possibility he could have injected it via an intravenous tube inserted into his leg.