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Solid execution on strong order backlog¹ and sustained momentum in bookings¹ driven by robust demand from clean energy markets
MONTREAL, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Velan Inc. (TSX: VLN) announced today that, on Thursday, October 10, 2024, it will release its financial results for the second quarter ended August 31, 2024.
MONTRÉAL, 02 sept. 2024 (GLOBE NEWSWIRE) -- Velan Inc. (TSX : VLN) ( « Velan » ou la « Société »), un chef de file mondial dans la fabrication de robinetterie industrielle, a annoncé aujourd'hui qu'elle a conclu une entente de services principale (« ESM ») avec GEH SMR Technologies Canada Ltd. (« GEH ») afin de fournir certains produits et services dont GEH pourrait avoir besoin pour la fourniture d'un petit réacteur modulaire (« SMR ») autonome à Ontario Power Generation Inc. Selon les termes de l'accord, GEH a passé un premier ordre d'achat avec la Société pour développer la technologie et les produits qui y sont liés. Les commandes futures prévues pour des SMR similaires au Canada, aux États-Unis et dans le monde entier, dont l'obtention dépend de la capacité continue de la Société à développer et à fournir les produits et services requis dans le cadre de l'accord de services de gestion, pourraient avoir un impact important sur les revenus et les résultats d'exploitation futurs de la Société.
MONTREAL, Sept. 02, 2024 (GLOBE NEWSWIRE) -- Velan Inc. (TSX: VLN) (“Velan” or the “Company”), a world-leading manufacturer of industrial valves, announced today that it has entered into a Main Services Agreement (“MSA”) with GEH SMR Technologies Canada Ltd. (“GEH”) to provide certain products and services that may be required by GEH for the provision of a stand-alone Small Modular Reactor (“SMR”) to Ontario Power Generation Inc. Under the terms of the MSA, GEH has placed an initial purchase order with the Company to develop technology and products related thereto. Anticipated future purchase orders for similar SMR’s in Canada, the United States and around the world, the receipt of which are dependent on the Company’s continued ability to develop and deliver required products and services under the MSA, could have a material impact on the Company’s future revenue and results of operations.
Strong sales, margin and profitability gains year-over-year combined with growing order backlog¹
MONTREAL, July 08, 2024 (GLOBE NEWSWIRE) -- Bruce Power has signed a $50-million alliance agreement with Velan Inc. (TSX: VLN) to provide valves and valve support over the next 10 years. As Bruce Power and Velan work collaboratively together on the execution plans and if all options and new projects are firmed, the value of the agreement can reach up to $100M.
MONTREAL, June 25, 2024 (GLOBE NEWSWIRE) -- Velan Inc. (TSX: VLN) announced today that, on Thursday, July 11, 2024, it will release its financial results for the first quarter ended May 31, 2024.
Strong new order inflow and higher backlog¹ entering fiscal 2025
Strong new order inflow and higher backlog¹ entering fiscal 2025
MONTREAL, May 01, 2024 (GLOBE NEWSWIRE) -- Velan Inc. (TSX: VLN) announced today that, on Thursday, May 16, 2024, it will release its fourth quarter and annual results for the year ended February 29, 2024.
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