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CEMATRIX Announces $6.2 Million Increase in Contracts

Retrieved on:

Wednesday, January 3, 2024

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CALGARY, Alberta, Jan. 03, 2024 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSXV: CVX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company") a North American leading manufacturer and supplier of technologically advanced cellular concrete products is pleased to announce that it has signed $6.2 million in new contracts, bringing its total contracts announced since the beginning of the fiscal 2023 year to $63.3 million.

Key Points:

CALGARY, Alberta, Jan. 03, 2024 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSXV: CVX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company") a North American leading manufacturer and supplier of technologically advanced cellular concrete products is pleased to announce that it has signed $6.2 million in new contracts, bringing its total contracts announced since the beginning of the fiscal 2023 year to $63.3 million.
“These new contracts add to the momentum built throughout the year which has delivered record growth in 2023 for CEMATRIX,” stated Jeff Kendrick, CEMATRIX President and CEO.
“We continue to safely and efficiently execute the backlog that we have developed over the past few years, and we continue to maintain and build our backlog organically with a healthy mix of repeat business and new customers.”
“The majority of the $6.2 million in new contracts are new projects, not previously included in Contracts in Process, and includes a $3.4 million wharf backfill project in the Gulf States and a $1.3 million fill project in the Northeast U.S. Each of these projects are scheduled to be completed in 2024.”
“After the change related to these new contracts, our backlog remains strong at approximately $94.9 million as of December 31st, 2023.”
The Corporation’s Backlog is defined as Contracted plus Contracts in Process net of sales completed to date.
Contracts in Process are defined as projects where the related contract is in office for review or signature; or signed and returned to the client for their signature; or is in the post award project submission process; or is awarded by letter of intent; or is awarded by some other form of written communication.

CEMATRIX Promotes Randy Boomhour to Chief Operating Officer

Retrieved on:

Monday, November 27, 2023

Division, CFO, Growth, CVX, Canadian Division, Management

CALGARY, Alberta, Nov. 27, 2023 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSXV: CVX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company") a North American leading manufacturer and supplier of technologically advanced cellular concrete products is pleased to announce that Randy Boomhour has been promoted to Chief Operating Officer effective January 1st, 2024.

Key Points:

CALGARY, Alberta, Nov. 27, 2023 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSXV: CVX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company") a North American leading manufacturer and supplier of technologically advanced cellular concrete products is pleased to announce that Randy Boomhour has been promoted to Chief Operating Officer effective January 1st, 2024.
Mr. Boomhour is currently the Chief Financial Officer of CEMATRIX and General Manager of CEMATRIX Canada.
The Company has retained a recruiting firm and the search for a new CFO is underway.
Mr. Boomhour will maintain his current CFO responsibilities until a new CFO is hired.

CEMATRIX Announces $5.2 Million Increase in Contracts

Retrieved on:

Wednesday, November 15, 2023

CVX

CALGARY, Alberta, Nov. 15, 2023 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSXV: CVX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company") a North American leading manufacturer and supplier of technologically advanced cellular concrete products is pleased to announce that it has signed new contracts and change orders in the amount of $5.2 million, bringing its total contracts announced since the end of the fiscal 2022 year to $57.1 million.

Key Points:

CALGARY, Alberta, Nov. 15, 2023 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSXV: CVX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company") a North American leading manufacturer and supplier of technologically advanced cellular concrete products is pleased to announce that it has signed new contracts and change orders in the amount of $5.2 million, bringing its total contracts announced since the end of the fiscal 2022 year to $57.1 million.
“Our business continues to scale at an accelerating pace, which is a testament to our business development team and the enhanced credibility and success that we have achieved in our market.
A portion of the $4.3 million contract will be completed in 2023 with most of this project being completed in the spring of 2024.”
“After the change related to these new contracts, our backlog remains strong at $92.3 million as of November 15th, 2023.
CEMATRIX continues to be on pace to exceed $40 million in sales despite having $13 million of its budget related to the $22 million North Carolina project pushed to 2024.”

Chevron Earns Top Marks on Corporate Equality Index for 18th Consecutive Year

Retrieved on:

Thursday, December 14, 2023

Chevron Corporation (NYSE: CVX) today announced the company received a score of 100 on the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index (CEI) for the 18th consecutive year.

Key Points:

Chevron Corporation (NYSE: CVX) today announced the company received a score of 100 on the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index (CEI) for the 18th consecutive year.
Chevron is among other major U.S. businesses that received a CEI rating of 100 points along with the new Equality 100 Award: Leaders in LGBTQ+ Workplace Inclusion, a distinction recognizing companies that meet or exceed elevated criteria focused on four central pillars:
“Chevron is extremely proud to be recognized by the Human Rights Campaign Corporate Equality Index for the 18th consecutive year,” said Josetta Jones, Chevron’s chief diversity and inclusion officer.
“We strive to create a workplace where all employees feel safe, heard and respected.
While no place can be perfect, it is wonderful to have our efforts validated.

Chevron Plans $16 Billion in 2024 Capex, Led by U.S. Upstream

Retrieved on:

Friday, December 8, 2023

Oil, Gas, Energy, Permian, NYSE, CVX, Gulf of Mexico, Chevron Corporation

In addition, about 25% of U.S. upstream capex is allocated for projects in the Gulf of Mexico, including the Anchor Field development--which Chevron expects will achieve first oil in 2024. The multi-phase project includes a $1.5 billion platform about 140 miles off the coast of Louisiana, a $500 million drilling program featuring seven wells, and about $500 million in subsea infrastructure. The Anchor development is expected to produce about 75,000 barrels per day (BBL/d) of crude oil and natural gas.

Key Points:

Researched by Industrial Info Resources -- Chevron Corporation ( NYSE:CVX ) (San Ramon, California) has announced an organic capital expenditure (capex) budget of $16 billion for 2024.
The spend includes $14 billion for upstream spending, two-thirds of which is allocated to the U.S. Industrial Info is tracking $30 billion worth of active Chevron projects worldwide, including $18 billion worth in the U.S.
The $16 billion in projected capex for 2024 is up from the $14 billion projected last year for 2023.
In addition, about 25% of U.S. upstream capex is allocated for projects in the Gulf of Mexico, including the Anchor Field development--which Chevron expects will achieve first oil in 2024.

Chevron Announces $16 billion 2024 Capex Budget

Retrieved on:

Wednesday, December 6, 2023

Chevron Corporation (NYSE: CVX) today announced an expected organic capital expenditure range of $15.5 to $16.5 billion for consolidated subsidiaries (capex) and an affiliate capital expenditure (affiliate capex) budget of approximately $3 billion for 2024.

Key Points:

Chevron Corporation (NYSE: CVX) today announced an expected organic capital expenditure range of $15.5 to $16.5 billion for consolidated subsidiaries (capex) and an affiliate capital expenditure (affiliate capex) budget of approximately $3 billion for 2024.
Downstream capex is expected to be roughly $1.5 billion, with 80 percent allocated to the United States.
Included in the upstream and downstream budgets is approximately $2 billion in lower carbon capex to lower the carbon intensity of traditional operations and grow new energy business lines.
Following closing of the acquisition, Chevron’s annual capex budget is expected to be between $19 and $22 billion.

CEMATRIX Announces Record Third Quarter 2023 Financial Results

Retrieved on:

Wednesday, November 8, 2023

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CALGARY, Alberta, Nov. 08, 2023 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSXV: CVX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company") a North American leading manufacturer and supplier of technologically advanced cellular concrete products announced the release of its consolidated financial results for the quarter and year to date ending September 30, 2023.

Key Points:

CALGARY, Alberta, Nov. 08, 2023 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSXV: CVX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company") a North American leading manufacturer and supplier of technologically advanced cellular concrete products announced the release of its consolidated financial results for the quarter and year to date ending September 30, 2023.
“This quarter’s financial results were the best in the history of the Company.
Record revenue, strong margins, and a return to positive adjusted EBITDA, not only in the third quarter but for the first nine months of 2023.
“Revenue for the third quarter was $20.4 compared to $11.6 million in the third quarter of 2022, a 76% increase.

Flash News: OKX Wallet Users Can Now Access Prisma Finance, a Decentralized Borrowing Protocol

Retrieved on:

Sunday, November 5, 2023

Ethereum, Decentralization, Decentralized finance, PRISMA, Web3, USS LST-5, Convexity (finance), CVX, LST, CRV, OKX, Cryptocurrency

SINGAPORE, Nov. 04, 2023 (GLOBE NEWSWIRE) -- OKX , a leading Web3 technology company, has issued updates for November 5, 2023.

Key Points:

SINGAPORE, Nov. 04, 2023 (GLOBE NEWSWIRE) -- OKX , a leading Web3 technology company, has issued updates for November 5, 2023.
OKX Wallet Users Can Now Access Prisma Finance, a Decentralized Borrowing Protocol
OKX Wallet is now integrated with Prisma Finance , a DeFi Project that aims to maximize the potential of Ethereum liquid staking tokens (LSTs).
With this integration, OKX Wallet users can now access Prisma Finance via web extension and do the following:
• Mint: Users can choose their favorite LST, deposit it as collateral and mint their desired amount of mkUSD
￮ mkUSD is fully collateralized by liquid staking tokens.
The stablecoin will be incentivized on Curve and Convex Finance to create a capital-efficient flywheel where users can receive trading fees, CRV, CVX and PRISMA - on top of their Ethereum staking rewards

CEMATRIX To Report Third Quarter Results On November 8, 2023 Earnings Webinar Scheduled For 1:00 p.m. ET, November 9, 2023

Retrieved on:

Thursday, November 2, 2023

CVX

Management will host a webinar at 1:00 p.m.

Key Points:

Management will host a webinar at 1:00 p.m.
ET on Thursday, November 9, 2023, to discuss CEMATRIX’s third quarter financial results, provide a corporate update and conclude with a question and answer session from online participants.
To participate, please use the following information:
You are invited to a Zoom webinar.
Register in advance for this webinar:

CEMATRIX Announces a Major $7.1 Million Contract

Retrieved on:

Wednesday, October 25, 2023

CVX, Rare-earth element

CALGARY, Alberta, Oct. 25, 2023 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSXV: CVX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company") a North American leading manufacturer and supplier of technologically advanced cellular concrete products is pleased to announce it has signed a new $7.1 million contract bringing its total contracts announced since the end of the fiscal 2022 year to $51.9 million and $88.5 million since August 3, 2022.

Key Points:

CALGARY, Alberta, Oct. 25, 2023 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSXV: CVX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company") a North American leading manufacturer and supplier of technologically advanced cellular concrete products is pleased to announce it has signed a new $7.1 million contract bringing its total contracts announced since the end of the fiscal 2022 year to $51.9 million and $88.5 million since August 3, 2022.
“This $7.1 million project is an annular fill tunnel contract located in the Gulf States that CEMATRIX will commence work on in 2024,” stated Jeff Kendrick, CEMATRIX President and CEO.
“Contract wins with price tags of more than $1 million are up 186% compared to similar sized contracts that were awarded to CEMATRIX in 2022.
The current backlog that is contracted and is scheduled for 2023 remains at $40 million given that this new project will not commence until 2024.