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CLEARink To Showcase ePaper 2.0 At DisplayWeek 2019

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Company Inks $300M In Business for Various Tablet Devices

SAN JOSE, Calif.–(BUSINESS WIRE)–CLEARink Displays, the leader in next generation electronic paper
displays, will demonstrate state-of-the-art ePaper 2.0 reflective
displays at the Society for Information Display (SID)’s DisplayWeek
2019. The company further announced that it has signed MOU/LOI for over
$300M worth of business from four leading tablet makers.

Last month, Bill and Melinda Gates said, “Textbooks
are becoming obsolete
,” and we agree. Traditional textbooks are
often obsolete by the time they reach the students, they result in tens
of millions of trees being cut and pollute our waterways. Traditional
tablets and laptops are an eye health concern, particularly in Asia
where myopia rates among students in China, Singapore and Korea, have
risen to over 90%. CLEARink’s ePaper 2.0 displays are intended as a
solution for this exact problem. ePaper 2.0 displays are reflective,
sunlight readable, easy on the eyes, do not emit blue light, consume
very little power allowing users to work for days on a single battery
charge, and build on the previous generations of various ePaper by
offering color to convey more information and video for Internet access
and multimedia learning.

“We recently completed a detailed study of the market potential for
reflective displays and concluded that the demand in applications such
as Tablets, Wearables, IoT, Automotive and Signage during the next five
years, will be in the tens of billions of dollars globally,” said Bob
O’Brien, President of Display Supply Chain Consultants (DSCC). “A cost
effective reflective display that reduces eye strain, offers low power,
sunlight readability with color and Internet browsing capability is
sought by customers in these market segments.”

CLEARink’s demos at SID’s DisplayWeek 2019, will showcase industry best
9.7” reflective displays with front light, 1:16 contrast ratio, 4096
colors, 19.5% NTSC color gamut, 3V/1V drive/hold voltages in a 227 dpi
display playing nearly 30 frames/sec video.

“We have developed state-of-the-art reflective displays for tablet and
other applications, secured customer commitments for $300M in business,
continued to trial manufacture in depreciated LCD factories and are
building an eco-system,” said Frank Christiaens, Chairman and CEO of
CLEARink Displays. “We are pioneering a brand new display technology
that can solve real problems in multiple industries, globally.”

About CLEARink Displays, Inc.

CLEARink is a leader in reflective display technologies for Tablets,
Laptops, Wearables, IoT displays, Electronic Shelf Labels (ESLs),
outdoor signage and automotive applications. CLEARink’s patent protected
eTIR technology is a superior alternative to existing reflective
displays, providing unparalleled video and color representation, using a
fraction of the energy consumed by LCD, with a highly competitive cost
structure. Founded in 2012, the company is headquartered in Fremont,
California with offices in Shenzhen, Eindhoven and Vancouver and has
raised over US$25 million in financing from strategic investors such as
M Ventures, the corporate venture capital arm from Merck KGaA,
Darmstadt, Germany (Dow Jones: MRK.DE), 3M (NYSE:MMM), and Lenovo
(0992.HK). For more information, visit http://www.clearinkdisplays.com

Contacts

Flora Yang [email protected]


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SCHWAZZE

Schwazze Appoints Forrest Hoffmaster as Interim Chief Executive Officer

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schwazze-appoints-forrest-hoffmaster-as-interim-chief-executive-officer

DENVER, Feb. 23, 2024 /PRNewswire/ — Medicine Man Technologies, Inc., operating as Schwazze, (OTCQX: SHWZ) (NEO: SHWZ) (“Schwazze” or the “Company”), today announced that Forrest Hoffmaster, the Company’s Chief Financial Officer, has been appointed to the additional role of interim Chief Executive Officer (“CEO”). This follows Nirup Krishnamurthy’s resignation as CEO and as a member of the Board of Directors (“Board”), effective February 20, 2024, due to personal reasons.

Mr. Hoffmaster, who joined the Company in January 2023, brings over 30 years of executive experience in finance and operations for both public and private companies. Prior to Schwazze, Mr. Hoffmaster served as CEO of New Seasons Market, a specialty gourmet food retailer, where he navigated the company through one of the most disruptive periods in the retail grocery industry. Under his leadership, Mr. Hoffmaster implemented a focused growth and cost optimization program, enabling the company to grow EBITDA by over 30% in two years. Prior to New Seasons Market, Forrest held leadership positions with other leading grocers including Whole Foods Market and H-E-B.

“Forrest is well-positioned to seamlessly step in and lead the Company’s day-to-day operations as we conduct our search for a permanent successor,” said Justin Dye, Chairman of the Board. “With Forrest’s proven track record and deep retail expertise, we plan to continue leveraging our operating playbook to drive strong Adjusted EBITDA margins and consistent cash flow generation. On behalf of the Board, I’d like to wish Nirup the best in his future endeavors.”

About Schwazze

Schwazze (OTCQX: SHWZ) (NEO: SHWZ) is building a premier vertically integrated regional cannabis company with assets in Colorado and New Mexico and will continue to take its operating system to other states where it can develop a differentiated regional leadership position. Schwazze is the parent company of a portfolio of leading cannabis businesses and brands spanning seed to sale.

Schwazze is anchored by a high-performance culture that combines customer-centric thinking and data science to test, measure, and drive decisions and outcomes. The Company’s leadership team has deep expertise in retailing, wholesaling, and building consumer brands at Fortune 500 companies as well as in the cannabis sector.

Medicine Man Technologies, Inc. was Schwazze’s former operating trade name. The corporate entity continues to be named Medicine Man Technologies, Inc. Schwazze derives its name from the pruning technique of a cannabis plant to enhance plant structure and promote healthy growth. To learn more about Schwazze, visit https://schwazze.com/.

Forward-Looking Statements

This press release contains “forward-looking statements.” Such statements may be preceded by the words “may,” “will,” “could,” “would,” “should,” “expect,” “intends,” “plans,” “strategy,” “prospects,” “anticipate,” “believe,” “approximately,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” or the negative of these terms or other words of similar meaning in connection with a discussion of future events or future operating or financial performance, although the absence of these words does not necessarily mean that a statement is not forward-looking. Forward-looking statements are not guarantees of future events or performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control and cannot be predicted or quantified. Consequently, actual events and results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) regulatory limitations on our products and services and the uncertainty in the application of federal, state, and local laws to our business, and any changes in such laws; (ii) our ability to manufacture our products and product candidates on a commercial scale on our own or in collaboration with third parties; (iii) our ability to identify, consummate, and integrate anticipated acquisitions; (iv) general industry and economic conditions; (v) our ability to access adequate capital upon terms and conditions that are acceptable to us; (vi) our ability to pay interest and principal on outstanding debt when due; (vii) volatility in credit and market conditions; (viii) the loss of one or more key executives or other key employees; and (ix) other risks and uncertainties related to the cannabis market and our business strategy. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s website at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise except as required by law.

Investor Relations Contact
Sean Mansouri, CFA or Aaron D’Souza
Elevate IR
(720) 330-2829
[email protected] 

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Hemp, Inc. Reports: Hemp-Based Foods Market Set to Reach $8.36 Billion by 2028

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Solei Brand Launches New Cannabis Infused Cold Brew Teas

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