CALGARY, AB, Aug. 14, 2020 /CNW/ - Circa Enterprises Inc.
(TSXV: CTO) ("Circa"), a manufacturer of equipment for the
telecommunication, electrical utility, and construction industries,
announced today that it has completed the acquisition of
substantially all of the assets of Teletics, Inc. ("Teletics"), a
manufacturer and supplier of fully monitored, ruggedized wireless
voice and data devices. The business will operate as a
separate product line within the Telecom segment of Circa
Enterprises Inc.
Cory Tamagi, Circa's President
and CEO, commented, "We are pleased to have closed this strategic
acquisition and looking forward to a prosperous future with
Teletics as part of the Circa group. On behalf of everyone at
Circa, we would like to extend a warm welcome to the Teletics
employees, customers and suppliers."
About Circa Enterprises
Circa Enterprises Inc. is a
public company headquartered in Calgary,
Alberta with operations in Alberta and Ontario. Circa designs, manufactures and
supplies telecommunications equipment, cable and connectivity
products, metal enclosures, electrical equipment, and other goods
to customers in the telecommunications, electrical, and
construction industries. The outstanding common shares of Circa are
listed and trade on the TSX Venture Exchange under the trading
symbol CTO. 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.
About Teletics
Teletics has been operating since 2003
and is based in Calgary, Alberta.
Teletics designs, manufactures and supplies fully monitored
wireless VoIP and WiFi devices designed to withstand harsh
environments and climates. Teletics' products have been deployed,
by both private and public sector customers, in some of the
harshest environments anywhere, including oil drilling rigs,
utility substation metering locations, chemical plants and
industrial sites.
Forward Looking Statements
Certain
information in this News Release may constitute "forward-looking"
information that involves known and unknown risks, uncertainties,
future expectations and other factors which may cause the actual
results, performance or achievements of the Company or industry
results, to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking information. When used in this News Release, this
information may include words such as "anticipate", "estimate",
"may", "will", "expect", "believe", "plan" and other
terminology. These statements are neither promises nor
guarantees, but involve known and unknown risks and uncertainties
and are based on both the views of management and assumptions that
may cause our actual results, levels of activity, performance or
achievements to be materially different from any future results,
levels of activities, performance or achievements expressed in or
implied by these forward-looking statements. This
information reflects current expectations regarding future events
and operating performance and speaks only as of the date of this
News Release. Except as required by law, we assume no obligation to
update or revise forward-looking information to reflect new events
or circumstances. Additional information is available in the
Company's Management Discussion and Analysis, which can be found on
SEDAR at www.sedar.com.
SOURCE Circa Enterprises Inc.