Eddy Smart Home Solutions Ltd. Provides Bi-Weekly Status Report on Management Cease Trade Order
Eddy Smart Home Solutions Ltd. Provides Bi-Weekly Status Report on Management Cease Trade Order
TORONTO, May 16, 2023 (GLOBE NEWSWIRE) -- Eddy Smart Home Solutions Ltd. ("Eddy" or the "Company") (TSXV: EDY), is providing a default status report in accordance with the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders ("NP 12-203").
多倫多，2023年5月16日(環球社)--艾迪智慧家居解決方案有限公司(以下簡稱“艾迪”或“公司”)(多倫多證券交易所股票代碼：EDY)將根據國家政策12-203中規定的替代資訊指南提供一份默認狀態報告-管理層停止交易令(“NP 12-203”)。
As previously announced on April 18, 2023 and as further updated on May 3, 2023, the Company applied for a management cease trade order ("MCTO") from the Ontario Securities Commission ("OSC") due to an expected delay in filing the Company's annual financial statements (the "Financial Statements"), management's discussion and analysis relating to the Financial Statements and related officer certifications for the financial year ended December 31, 2022 (collectively, the "Annual Filing Documents"). The MCTO was granted by the OSC on May 2, 2023 and the Company continues to work closely with its auditor and expects to file the Annual Filing Documents as soon as possible, and in any event no later than June 15, 2023.
如先前於2023年4月18日公佈及於2023年5月3日進一步更新，公司向安大略省證券委員會(“安大略省證券委員會”)申請管理停止交易令(“MCTO”)，原因是預期延遲提交公司截至2022年12月31日止財政年度的年度財務報表(“財務報表”)、管理層對財務報表及相關高級人員證書的討論及分析(統稱為“年度申報檔案”)。MCTO於2023年5月2日獲得OSC的批准，公司將繼續與其審計師密切合作，並預計儘快提交年度申報檔案，無論如何不遲於2023年6月15日。
As a result of the above-referenced delay, the Company believes that there will also be a delay in the filing of its interim financial statements for the period ended March 31, 2023, the related management's discussion and analysis relating to the interim financial statements, and the related officer certifications of the Company (collectively, the "Q1 2023 Filings"). The Company believes it will be able to file the Q1 2023 Filings by July 15, 2023.
由於上述延遲，本公司相信其截至2023年3月31日的中期財務報表的提交、相關管理層對中期財務報表的討論和分析以及本公司的相關高級管理人員證書(統稱為“2023年第一季度提交檔案”)也將延遲提交。該公司相信，它將能夠在2023年7月15日之前提交2023年第一季度的檔案。
During its audit of the Company's annual consolidated financial statements, KPMG LLP ("KPMG") identified a stand-alone revenue recognition adjustment related to the performance obligation of the installation of values during the smart water metering deployment process. The determination of the amount related to this performance obligation will require a comprehensive review of the Company's revenue accounting for both 2022 and 2021 fiscal years.
畢馬威會計師事務所(“畢馬威”)在審計本公司年度綜合財務報表時，確認了一項獨立的收入確認調整，該調整與智慧水錶部署過程中安裝價值的績效義務有關。確定與這一履約義務相關的金額將需要對公司2022年和2021財年的收入進行全面審查。
The MCTO prohibits the Company's Chief Executive Officer, Chief Financial Officer, and such other directors, officers and persons as determined by the applicable regulatory authorities, from trading, directly or indirectly, in the securities of the Company. The Company will also not be able to, directly or indirectly, issue securities to or acquire securities from an insider or employee of the Company until such time as the Annual Filing Documents and all continuous disclosure requirements have been filed by the Company, and the MCTO has been lifted. The MCTO does not affect the ability of any other securityholders of the Company to trade securities of the Company.
MCTO禁止公司首席執行官、首席財務官以及適用監管機構確定的其他董事、高級管理人員和人員直接或間接交易公司證券。本公司亦不能直接或間接向本公司內部人士或僱員發行證券或向其收購證券，直至本公司已提交年報檔案及所有持續披露規定，而MCTO亦已解除。MCTO並不影響本公司任何其他證券持有人買賣本公司證券的能力。
The Company confirms that except as noted above: (a) there are no changes to the information contained in its news releases dated April 18, 2023 and May 3, 2023 that would reasonably be expected to be material to an investor; (b) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Annual Filing Documents is continuing, each of which will be issued in the form of a press release; (c) there has not been any other specified default by the Company under NP 12-203; (d) there is no other material information concerning the affairs of the Company that has not been generally disclosed.
本公司確認，除上文所述外：(A)其日期為2023年4月18日和2023年5月3日的新聞稿中包含的資訊沒有合理地預期對投資者具有重大意義的變化；(B)本公司令人滿意並確認其打算繼續滿足NP 12-203中替代資訊指南的規定，並只要提交年度申報檔案的延遲繼續存在，就會發布每兩周一次的違約狀態報告，每一份報告都將以新聞稿的形式發佈；(C)本公司並無根據NP 12-203作出任何其他指明失責；。(D)並無其他有關本公司事務的重大資料未予全面披露。
The Company is working to complete the Annual Filing Documents and will continue to issue bi-weekly default status reports as required.
公司正在努力完成年度申報檔案，並將繼續按要求發佈每兩周一次的違約狀態報告。
ABOUT EDDY
Eddy is a North American provider and developer of residential and commercial smart water metering products and monitoring services, helping property owners protect, control, and conserve water usage by combining water sensing devices with behavioural learning software. For more detail on the Company's products or corporate information please visit .
關於艾迪
Eddy是北美住宅和商業智慧水錶產品和監控服務的提供商和開發商，通過將水感設備與行為學習軟體相結合，幫助業主保護、控制和節約用水。有關公司產品或公司資訊的更多詳細資訊，請訪問。
For further information on the financial results of the Company, please review the Company's unaudited condensed consolidated interim financial statements and management's discussion and analysis of the financial condition and results of operations for the three and nine months ended September 30, 2022, available on Eddy's SEDAR website at . In addition, supplemental information is available on Eddy's website at .
欲瞭解更多有關公司財務業績的資訊，請查閱公司未經審計的簡明綜合中期財務報表以及管理層對截至2022年9月30日的三個月和九個月的財務狀況和經營結果的討論和分析，可在Eddy的SEDAR網站上查閱：。此外，還可以在Eddy的網站上獲得補充資訊：。
FORWARD-LOOKING INFORMATION AND STATEMENTS
This news release contains forward-looking statements within the meaning of applicable securities laws including, among others, statements concerning our objectives, our strategies to achieve those objectives, our performance, as well as statements with respect to management's beliefs, estimates, and intentions, and similar statements concerning anticipated future events, results, circumstances, performance, or expectations that are not historical facts. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "outlook", "objective", "may", "will", "expect", "intent", "estimate", "anticipate", "believe", "should", "plans", or "continue", or similar expressions suggesting future outcomes or events. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management. Forward looking information in this news release include statements related to the Company's ability to complete the audit and file the Annual Filing Documents and Q1 2023 Filings; the timing for completion and filing of the Annual Filing Documents and Q1 2023 Filings, if at all; the Company's ability to comply with the provisions set out in NP 12-203; and the Company's ability to continue to issue bi-weekly default status reports. These statements are not guarantees of future performance and are based on our estimates and assumptions that are subject to risks and uncertainties, including those described under the heading "Risk Factors" in the Company's filing statement dated January 6, 2022 (a copy of which can be obtained at ), which could cause our actual results and performance to differ materially from the forward-looking statements contained in this news release.
前瞻性資訊和陳述
本新聞稿包含符合適用證券法的前瞻性陳述，其中包括有關我們的目標、我們實現這些目標的戰略、我們的業績的陳述，以及有關管理層的信念、估計和意圖的陳述，以及與非歷史事實的預期未來事件、結果、情況、業績或預期有關的類似陳述。前瞻性表述一般可通過使用“展望”、“客觀”、“可能”、“將”、“預期”、“意圖”、“估計”、“預期”、“相信”、“應該”、“計劃”或“繼續”等前瞻性術語或暗示未來結果或事件的類似表述來確定。此類前瞻性陳述反映了管理層目前的信念，並以管理層目前掌握的資訊為基礎。本新聞稿中的前瞻性資訊包括有關公司完成審計和提交年度申報檔案和2023年第一季度申報檔案的能力；完成和申報年度申報檔案和2023年第一季度申報檔案的時間(如果有的話)；公司遵守NP 12-203規定的能力；以及公司繼續發佈雙周違約狀態報告的能力。這些陳述不是對未來業績的保證，是基於我們受風險和不確定因素影響的估計和假設，包括公司於2022年1月6日提交的聲明中“風險因素”項下描述的那些估計和假設，這些估計和假設可能會導致我們的實際結果和表現與本新聞稿中包含的前瞻性聲明大不相同。
All forward-looking statements in this news release are qualified by these cautionary statements. Except as required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
本新聞稿中的所有前瞻性陳述均受這些警告性聲明的限制。除非適用法律另有要求，否則公司沒有義務公開更新或修改任何前瞻性陳述，無論是由於新資訊、未來事件或其他原因。
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多倫多證券交易所風險交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
For further information, please contact:
如需更多資訊，請聯繫：
Mark Silver, Executive Chairman and Chief Executive Officer
Tel: 416.221.8998
Email: ir@eddysolutions.com
執行主席兼首席執行官梅克·西爾弗
電話：416.221.8998
電子郵件：郵箱：ir@eddysoltions.com
譯文內容由第三人軟體翻譯。