Labrador Technologies News

Labrador Technologies Inc. Announces Resignation from Board of Directors

Thu, 03 Dec 2009 03:06:26 GMT

Labrador Technologies Inc. Announces Resignation from Board of Directors

December 2, 2009 - Calgary, Alberta

Labrador Technologies Inc. ("Labrador" or "LTI") announces today that Trevor Skinner has resigned from the Board of Directors. The Board of Directors wishes to express its sincere thanks and appreciation to Mr. Skinner for his insightful advice and service to Labrador during his tenure as a Director.

For further information, please contact:

Labrador Technologies Inc. (TSX VENTURE: LTX) Kristen R. Majury
(403) 261-7381
Website: www.labradortechnologies.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Labrador Technologies Inc. Announces Strategic Distribution Agreement with IHS Inc.

Tue, 10 Nov 2009 17:07:16 GMT

Labrador Technologies Inc. Announces Strategic Distribution Agreement with IHS Inc.

Contact:
IHS Inc. Press Desk
+1 303 305 8021
press@ihs.com

Labrador Technologies Inc.
+1 403 261 7381
kmajury@labradortechnologies.com
Kristen Majury, President

Labrador Technologies Inc. Announces Strategic Distribution Agreement with IHS Inc.

CALGARY, Alberta. (November 10, 2009) -- IHS Inc., a leading global source of critical information and insight, and Labrador Technologies Inc. (LTI) announced today a global strategic agreement to distribute Labrador’s eTriever web application bundled with IHS Canadian Oil and Gas Critical Information. IHS has the exclusive ability to offer eTriever combined with any Oil and Gas data on a worldwide basis.

The combination of Labrador’s innovative web-based data browsing technology and IHS market-leading Oil and Gas data introduces a ground-breaking way for customers to work. eTriever will provide customers with easy, quick, mobile access to IHS information from anywhere in the world.

“This strategic relationship is very complementary to the IHS market-leading position in desktop analysis and data distribution in the Canadian market”, said Rich Herrmann, vice president of IHS global information access. “eTriever extends our customers’ options for searching and visualizing our data in a far more flexible manner, including web browser and mobile application deployment. We are excited to offer this compelling new product to the industry.”

“From the outset”, said Ron Sterne, chief executive officer of LTI, “we have built eTriever to access a wide variety of information, across multiple industries. We believe that the high quality and completeness of IHS oil and gas information is the perfect fit for eTriever distribution, offering new and existing customers the best combination available in the market today of critical information and agile data browsing.”

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About Labrador Technologies (www.labradortechnologies.com)
Labrador Technologies Inc. is in its 29th year of providing optimized connections between the data stores that companies invest in and their application software. Labrador eTriever™ (www.etriever.com) is a secure, web-based, generic data browser, which thrives in complex database environments, including the Oil and Gas Industry. eTriever™ employs proven web-mapping services to view satellite imagery, roads and culture data, and goes beyond conventional oil and gas web access to afford wireless data retrieval for popular hand-held devices. Labrador (www.labradortechnologies.com) trades on the TSX Venture Exchange under the symbol “LTX.” Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

About IHS (www.ihs.com)
IHS (NYSE: IHS) is a leading global source of critical information and insight, dedicated to providing the most complete and trusted information and expertise. IHS product and service solutions span four areas of information that encompass the most important concerns facing global business today: Energy, Product Lifecycle, Security, and Environment, all supported by Macroeconomics. By focusing on customers first, IHS enables innovative and successful decision-making for customers ranging from governments and multinational companies to smaller companies and technical professionals in more than 180 countries. IHS is celebrating its 50th anniversary in 2009 and employs approximately 4,000 people in 20 countries.

Labrador Technologies Announces Appointment of New President

Wed, 07 Oct 2009 14:00:30 GMT

Labrador Technologies Announces Appointment of New President

October 6th, 2009 – Calgary, Alberta – Labrador Technologies Inc. (“LTI”) today announced the appointment of Kristen Majury as President.

Ms. Majury is charged with moving eTriever and Labrador’s software product suite to its next, logical phase of aggressive expansion through Distribution Channels. Beginning with LTI’s local collaboration with its data partners in the Energy, Healthcare and Utilities Sectors, Ms. Majury’s principle mandate is to expand LTI’s reach into vertical markets globally.

“LTI's eTriever™ and Labrador® suite is the result of years of collective expertise and careful positioning,” says Majury, “and is poised to provide LTI's Data Partners with new data access options that aren't tied to the desktop. This agile, intuitive web application opens up data access choices across the organization, and exploits the dollars already invested in information.”

“Most importantly, Kris Majury,” says Ron Sterne, Chief Executive Officer of LTI, “is a proven entrepreneur who has successfully worked with both Private and Public companies. Her versatile skill-set, pragmatic approach, and team-oriented style are ideally suited to LTI and its substantial prospects.”

Prior to joining Labrador, Ms. Majury was President and Founder of Ensight Information Services Ltd. (EGIS) of Calgary, which she sold to a Global data supplier. Ensight was a leading provider of bundled software and data services to Western Canada's Oil & Gas Sector and core member of the Geomatics community. Ms. Majury’s business experience spans industries from energy data and software to advanced imaging products. Previous positions also include Vice President and General Manager at Immersive Media Corp of Portland, Oregon.

To learn more about eTriever™, please visit www.eTriever.com

Labrador (www.labradortechnologies.com) trades on the TSX Venture Exchange under the symbol "LTX".

Labrador Technologies Inc. Announces Private Placement Financing

Tue, 09 Jun 2009 17:19:38 GMT

Labrador Technologies Inc. Announces Private Placement Financing

June 9, 2009 -- Labrador Technologies Inc. ("LTI" or "Labrador" - TSX Venture Exchange: LTX) is pleased to announce a non-brokered private placement (the "Private Placement") for up to 40,000,000 units of Labrador ("Units") at a price of $0.05 per Unit, for gross proceeds of up to $2,000,000. Each Unit will consist of one (1) common share ("Common Share") of LTI and one half (1/2) common share purchase warrant ("Warrant") of LTI, with each Warrant exercisable at a price of $0.10 per Common Share for a period of two (2) years following the closing date. Pursuant to applicable securities legislation, the Common Shares and Warrants issued pursuant to the Private Placement are subject to a hold period of four months and one day from the closing date.

In connection with the Private Placement, Labrador has agreed to pay fees to qualified persons pursuant to available securities laws exemptions of up to 7.0% of the gross proceeds of the Private Placement through the issuance of up to 1,400,000 Common Shares at a deemed price of $0.10 per Common Share.

Labrador requires the proceeds from this Private Placement to eliminate the current working capital deficiency, pay outstanding receivables and the remainder of the proceeds will be used for working capital.

The Private Placement is subject to the approval of the TSX Venture Exchange Inc. (the "TSXV") and the receipt of all other necessary regulatory approvals. The completion of the Private Placement is expected to result in Iceberg Investments Limited Partnership or its designated nominee (the "L.P."), as a subscriber, holding more than 20% of the issued and outstanding shares of Labrador resulting in the L.P. becoming a "control person" (as that term is defined in the policies of the TSXV) of Labrador. As such, the policies of the TSXV requires that the Private Placement must be approved by the disinterested shareholders of Labrador. Labrador intends to obtain written consent of the disinterested shareholders of Labrador holding 50% plus one of the issued and outstanding Common Shares in lieu of calling and holding a shareholder's meeting.

The completion of the Private Placement is also subject to additional conditions precedent, including satisfactory completion by the L.P. of a due diligence review of Labrador, entering into of a formal share purchase agreement between L.P. and Labrador and three of the five current board members of Labrador resigning and being replaced by three nominees of L.P.

Labrador eTriever (www.etriever.com) is a secure, web-based very cost effective, generic data retriever, which thrives in complex database environments, such as the oil and gas industry. As a web-based offering, eTrieverTM requires no installation, no CD updates, and no maintenance - while providing "minimal-click" search , reporting, and exporting capabilities, as well as employing both Microsoft®'s Virtual Earth and Google® Map to view satellite imagery mapping. Further, eTrieverTM goes well beyond conventional oil and gas web access to provide wireless data retrieval for proven handheld devices, such as BlackberriesTM, Plam® TreosTM, Microsoft Windows MobileTM Smart Phones, and when available Apple's iPhone.

Labrador (www.labradortechnologies.com) trades on the TSX Venture Exchange under the symbol "LTX".

Labrador Re-establishes Healthcare Initiative

Tue, 02 Jun 2009 13:06:11 GMT

Labrador Re-establishes Healthcare Initiative

June 2, 2009 – Calgary, Alberta – Labrador Technologies Inc. (“Labrador” or “LTI”) and Momentum Dietary Solutions (“Momentum Dietary Solutions”) have reached a partner agreement to employ the Labrador® Tools in Momentum Dietary’s Suite of Applications, which will enable powerful querying capabilities across the SQL databases comprising Momentum’s Dietary Management Application.

Said Garth Smith, President of Momentum Dietary Solutions “We could continue down the path of building queries and management reports one-at-a-time, or we could work with LTI to deploy a proven and flexible solution into our extensive dietary management applications – we chose the latter. I have a history with the Labrador Tools, and am well aware of the power of this engine. I am very excited about bringing this solution with LTI to our market in the very near future.”

“Although our primary focus will continue to be eTriever’s substantial Oil & Gas opportunities, we have always viewed the Healthcare marketplace as a key area of growth and opportunity for LTI. The sheer number of transactions and databases in all areas of Healthcare are well-suited for our Labrador® Tools’ querying capabilities; and entering into an agreement with a respected company in the Long-Term Care arena is the best way for us to restart this initiative. Very importantly, selling into an existing customer base creates near-term revenue opportunities for both partners,” said Ron Sterne, LTI’s CEO.

Momentum Dietary Solutions is an established North American Leader in the provision of Dietary Management software and services to the long-term care industry. With over 90 clients, and more than 700 sites deployed across the US and Canada, Momentum Dietary is a market leader poised for expanded growth. Please visit www.momentumdietary.com.

Labrador Moves to the Utilities Sector

Mon, 01 Jun 2009 13:00:00 GMT

Labrador Moves to the Utilities Sector

June 1, 2009 – Calgary, Alberta – Labrador Technologies Inc. (“Labrador” or “LTI”) and Rocky View Utility Corp (“Rocky View Utility”) have negotiated an agreement in principle to create a Joint Venture to deploy and embed Labrador® eTriever’s WebMap™, Query, and Charting capabilities in Rocky View Utility’s real-time, MuniNet Data Acquisition and Reporting solution. This system is aimed at facilitating the Water, Sewage, and Stormwater regulatory reporting requirements for the Utilities Sector. Remote Monitoring and Operations Reporting is a key component of this solution.

Said Peter Loats, President of Rocky View Utility Corp and a shareholder of LTI, “with the burden of regulatory requirements increasing every year, we believe there is a large market for a very affordable web-based system – from our point of view, it’s perfect timing for us to be working with LTI.”

“Apart from continuing to focus on eTriever’s substantial Oil & Gas opportunities, we view the Utilities Sector as a natural step-out to clearly demonstrate our ability to work with other data types, and we are quite pleased to have found an experienced partner in Rocky View Utility Corp. LTI’s ability to use eTriever’s Software as a Service (SaaS) architecture to readily deploy and license software components across different industries provides LTI with far more flexibility to create multiple revenue streams than ever before,” said Ron Sterne, LTI’s CEO.

Labrador Technologies Announces Release of eTriever Version 3.0

Tue, 07 Apr 2009 15:33:57 GMT

Labrador Technologies Announces Release of eTriever Version 3.0

April 7th 2009 - Labrador Technologies Inc. released a major version of eTriever, Version 3.0, on Wednesday April 08, 2009.

This release is a significant milestone in eTriever's product development. eTriever 3.0 features data tagging, an enhanced interface, and, for the first time, direct integration with PPDM 3.7 Land Data.

"Tagging"

Users can now group wells (Well Groups) by tagging them with keywords, based on any criteria. Future development of Tagging will allow annotation, and Project Groups of wells, land, pipelines, and facilities data.

"Enhanced User Interface"

This evolution of eTriever presents a much more consistent design. User-requested enhancements, such as Land Data, have been seamlessly integrated, allowing even faster and deeper data browsing capabilities.

"eTriever Land"

eTriever's Land Data tab offers all of the core features of other data tabs, including Quick Pick lists and shortcuts. Fast, Friendly and Flexible by design, eTriever Land has the same intuitive usability as the rest of the eTriever product. This first public release is designed to encourage input from our customers and other interested parties.

Labrador Technologies Inc. Announces Private Placement Financing

Tue, 17 Feb 2009 00:00:00 GMT

Labrador Technologies Inc. Announces Private Placement Financing

Labrador Technologies Inc. (“LTI” or “Labrador” - TSX Venture: LTX) is pleased to announce a non-brokered private placement (the “Private Placement”) for between 2,000,000 and 20,000,000 units of Labrador (“Units”), at a price of $0.10 per Unit, for proceeds of between $200,000 and $2,000,000, of which $200,000 has been secured. While no agent has formally been retained in connection with the Private Placement, LTI may pay a ‘finders fee’ to qualified persons pursuant to available securities laws exemptions.

The minimum investment requirement, per qualified individual, is $10,000 (100,000 Units), and the closing date (the “Closing Date”) will be on or before April 3, 2009. Each Unit will consist of one (1) common share (“Common Share”) of LTI, and one half (1/2) common share purchase warrant (“Warrant”), with each Warrant exercisable at a price of $0.20 per Common Share, for a period of 12 months following the Closing Date.

Labrador requires sufficient proceeds from this Private Placement to provide enough capital to fund its Strategic Business Plan, including the further development and Sales/Marketing of its eTriever™ product, particularly in the context of Calgary’s Oil & Gas Data Centres.

Labrador eTriever (www.etriever.com) is a secure, web-based, very cost effective, generic data retriever, which thrives in complex database environments, such as the oil and gas industry. As a web-based offering, eTriever™ requires no installation, no CD updates, and no maintenance – while providing “minimal-click” search, reporting, and exporting capabilities, as well as employing both Microsoft®’s Virtual Earth and Google® Map to view satellite imagery mapping. Further, eTriever™ goes well beyond conventional oil and gas web access to provide wireless data retrieval for proven hand- held devices, such as BlackBerries™, Palm® Treos™, Microsoft® Windows Mobile™ Smart Phones, and when available, Apples’ iPhone.

The Private Placement is subject to regulatory approval of the TSX Venture Exchange Inc. Labrador (www.labradortechnologies.com) trades on the TSX Venture under the symbol “LTX.”

For further information, please contact:
Birgit Becker
Office Manager
Labrador Technologies Inc.
Telephone: (403) 263-6325
The TSX Venture Exchange Inc. does not accept responsibility for the adequacy and accuracy of this release.
(Not for dissemination in the United States of America)

eTriever Showcases geoLOGIC's Oil & Gas Data at "GO-EXPO"

Wed, 13 Jun 2007 00:00:00 GMT

eTriever Showcases geoLOGIC’s Oil & Gas Data at “GO-EXPO”

June 13, 2007 – Calgary, Alberta – Labrador Technologies Inc. (“Labrador” or “LTI”), (LTX:TSX V) is pleased to announce that the Company is demonstrating its 3-D version of eTriever at the “GO-EXPO: Gas & Oil Exposition 2007” at the geoLOGIC systems ltd. (“geoLOGIC”) location/booth. The “GO-EXPO Exposition” is at Stampede Park from June 12th to June 14th.

Apart from its highly successful geoSCOUT™ product, geoLOGIC is featuring, at “GO-EXPO”, its geoLOGIC Data Center, which provides a comprehensive range of value-added data sets, supplemented by geoLOGIC’s rigorous quality control process creating enhanced data.

eTriever’s new 3-D search, report/export, and satellite mapping capabilities are particularly suited to show-casing a wide range of quality data sets in a web-based environment. As previously announced, eTriever’s™ “3-D” approach to navigation allows users to switch data domains with a single click, and then drill-down and literally “jump around”, with single clicks to various types of relation information. Thus, eTriever™ data browsing affords users the ability to break out of conventional pathways, and do precisely what any user wants to do, on the spur of the moment.

About Labrador Labrador Technologies Inc. is in its 27th year of creating Labrador “connections” between the data stores that companies invest in, and the destinations which they choose for their data. LTI develops data retrieval, reporting, and exporting software, specializing in Data-Flow Management™ solutions, currently for the oil and gas industry.

Whether delivering data to a Labrador® application, a third party application, an enterprise service bus, or a portal, Labrador has the ability to retrieve and deliver data to the right place, at the right time. Labrador’s DFM™ software and services help software vendors, data vendors, and company developers alike deliver data to their target audiences by “plugging” users in, and minimizing the need for costly, ongoing maintenance and intervention.

Labrador (www.labradortechnologies.com) trades on the TSX Venture under the symbol “LTX”

Forward Looking Statements – Certain information regarding Labrador set forth in this document, including management’s assessment of Labrador’s future plans and operations, contains forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond Labrador’s control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, competition, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources. Labrador’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that Labrador will derive therefrom.

The TSX Venture Exchange Inc. does not accept responsibility for the adequacy and accuracy of this release.

(Not for dissemination in the United States of America)

Labrador Technologies to release eTriever Version 2.0

Fri, 04 May 2007 00:00:00 GMT

Labrador Technologies to release eTriever Version 2.0

May 4th 2007 – Calgary – Labrador Technologies Inc.’s scheduled release of Version 2.0 of Labrador eTriever will occur on May 14, 2007, the first day of Calgary ’s 2007 Convention for the Canadian Society of Petroleum Geologists (CSPG).

This release features a completely new user interface, with a more robust search capability, which clearly defines eTriever’s road map to future capabilities. With its focus on colourful, graphical representations, eTriever provides groundbreaking innovations in depicting critical well information at a glance. The goal of eTriever is to be the fastest and friendliest decision-making browser in the Web-based environment.

The company has also closed the second tranche of its previously announced non-brokered private placement for between 222,222 and 1,666,667 units of Labrador at a price of 45 cents per unit. To date, LTI has raised in excess of $250,000 through subscriptions for 579,556 units. Labrador intends to use the proceeds from this private placement as general working capital, and for further development and marketing of its eTriever product.