logo
Leading Independent Third-Party Proxy Advisors Recommend Dynacor Shareholders Vote Against Changing Board Size and Against Election of the Dissident's Nominee using only the Gold Proxy

Leading Independent Third-Party Proxy Advisors Recommend Dynacor Shareholders Vote Against Changing Board Size and Against Election of the Dissident's Nominee using only the Gold Proxy

Dynacor Group Inc. (TSX: DNG) ('Dynacor' or the 'Corporation'), is pleased to announce that Institutional Shareholder Services (' ISS ') and Glass Lewis & Co., LLC (' Glass Lewis '), leading independent proxy advisory firms, have recommended that Dynacor shareholders vote AGAINST fixing the Dynacor board size to nine and AGAINST electing Robert Leitz to Dynacor's board using the Dynacor management GOLD form of proxy or voting instruction form (together the ' Gold Proxy ') at the upcoming Special Meeting of Shareholders (the 'Requisitioned Meeting').
Glass Lewis' Commentary
In making its recommendations to vote the GOLD Proxy, Glass Lewis takes issue with iolite Capital Management AG (the 'Dissident') ignoring Dynacor's strong long-term performance, its dismissal of the Corporation's capital requirement disclosure on its expansion plans, the Dissident's short-term perspectives, and Robert Leitz's inexperience on publicly traded boards:
'…iolite's case does not, in our view, incorporate adequate detail or a sufficiently comprehensive analytical lookback in relation to the Company's generally strong performance, and further seems to understate or dismiss potentially material capital requirements prospectively associated with Dynacor's messaged growth tack. Coupled with what we consider to be a fairly rapid acceleration in the Dissident's engagement methodology…we are concerned that the contemplated election of Mr. Leitz, who does not appear to have prior public company board experience, hinges too heavily on short-term factors.'
Glass Lewis notes that from its analysis, Dynacor's capital raise was justifiable, and its terms were in line with capital raises in the space:
'Cast against extant liquidity (i.e. cash and STI of US$25.8 million as of December 31, 2024) and the US$22.1 million derived from Dynacor's scrutinized capital raise, it is not immediately clear to us that the Company's effort to secure additional liquidity was plainly unreasonable.'
'…we consider the Company's legacy ability to execute effectively and, it should be noted, consistently drive strong shareholder value affords the board the benefit of the doubt with respect to an [public] offer which, all else held equal, does not appear to materially deviate from recent regional and industry trends.'
ISS' Commentary
In its April 04, 2025 report, ISS highlighted that the Dissident neither substantiated its need for a seat on the Board nor to call a special meeting:
'While there could potentially be benefits to having a large shareholder on the board, it is challenging to clearly discern this need on the basis of evidence presented by the dissident or on the basis of the company's long-term performance, which has been relatively strong from an operational, financial, and TSR perspective. The mechanics of this meeting have also placed shareholders under what appears to be unnecessary pressure.'
'Given DNG's disclosure that it would consider the matters raised by the dissident at the June AGM, and the apparent lack of urgency, it is unclear why this special meeting is the best forum to consider these matters.'
Although ISS and Glass Lewis recommended against Management's resolution to have the Dissident pay for the costly fees of this unnecessary Requisitioned Meeting, they both question the urgency. Dynacor believes that its shareholders should not have to bear the costs of the Dissident's actions, especially when Dynacor's annual meeting is in June, and the Dissident could have waited to have their resolutions included in this meeting instead. The Dissident's impatient actions clearly show its motivation is self-serving.
'We welcome ISS' and Glass Lewis independent validations that the Dynacor Board is best placed to continue driving shareholder growth while protecting the interests of all shareholders,' said Jean Martineau, CEO & President of Dynacor. 'Their analyses recognize our need for the capital raise and its market-typical terms. We are confident that our shareholders will follow their informed recommendation to vote the GOLD Proxy to protect the future of Dynacor against iolite's self-serving agenda.'
How to Vote
Shareholders are urged to vote the Dynacor management GOLD Proxy well in advance of the voting deadline of 5:00 p.m. (Eastern time) on Friday, April 11, 2025. The Meeting is scheduled to take place on April 16, 2025.
Due to the essence of time, Shareholders are urged to vote online by following the instructions found on the GOLD Proxy.
Vote using only the GOLD Proxy and discard the Dissident's blue proxy. If you have already voted using the Dissident's blue proxy, you may recast your vote using the GOLD Proxy. The later dated GOLD Proxy will be the vote that counts.
Shareholder Questions
Shareholders who have questions or require assistance with voting their Gold Proxy may contact Dynacor's proxy solicitation agent:
Laurel Hill Advisory Group:
Toll-Free: 1-877-452-7184 (Toll-Free in North America)
Toll-Free: 1-877-452-7184 (Toll-Free in North America)
International: 1-416-304-0211 (for shareholders outside Canada and the United States)
By email: [email protected].
About Dynacor
Dynacor Group is an industrial ore processing company dedicated to producing gold sourced from artisanal miners. Since its establishment in 1996, Dynacor has pioneered a responsible mineral supply chain with stringent traceability and audit standards for the fast-growing artisanal mining industry. By focusing on fully and part-formalized miners, the Canadian company offers a win-win approach for governments and miners globally. Dynacor operates the Veta Dorada plant and owns a gold exploration property in Peru. The company plans to expand to West Africa and within Latin America.
The premium paid by luxury jewellers for Dynacor's PX Impact® gold goes to Fidamar Foundation, an NGO that mainly invests in health and education projects for artisanal mining communities in Peru. Visit www.dynacor.com for more information.
Forward-Looking Information
Certain statements in the preceding may constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of Dynacor, or industry results, to be materially different from any future result, performance or achievement expressed or implied by such forward-looking statements. These statements reflect management's current expectations regarding future events and operating performance as of the date of this news release.
T: 514-393-9000 #236
SOURCE: Dynacor Group Inc.
Copyright Business Wire 2025.
PUB: 04/07/2025 07:30 AM/DISC: 04/07/2025 07:32 AM

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

China Market Update: Investors Wait For London Calling
China Market Update: Investors Wait For London Calling

Forbes

time23 minutes ago

  • Forbes

China Market Update: Investors Wait For London Calling

CLN KraneShares Asian equities were mostly higher overnight, with US-China trade talks in London drawing significant attention, though few concrete details have emerged so far. Indonesia outperformed, along with Taiwan ahead of May sales data from Taiwan Semiconductor Manufacturing Company (TSMC). Several markets closed lower, including Hong Kong and Mainland China, which both declined in the afternoon as investors took profits. Pakistan's market was closed for Eid al-Adha. The renminbi (CNY) was slightly weaker against the United States dollar, as investors tempered their optimism about a potential trade deal in the absence of any major announcements. Notably, Hong Kong saw 308 advancing stocks versus 170 decliners, but internet heavyweights weighed on the indices. It was a very light news day. Value stocks outperformed, while growth stocks were targeted for profit taking, with both Hong Kong and Mainland China giving up morning gains in the afternoon. Among Hong Kong-listed internet stocks, most declined except for KE Holdings, which gained +3.31% on news of Beijing's housing support measures. BYD rose +3.71% in Hong Kong and +1.43% in Mainland China, outperforming the broader electric vehicle (EV), hybrid, and auto sectors, which remained under pressure due to price war concerns. Internet regulators clarified live streaming rules, but this was widely expected and did not impact the market. One growth sector that continued to outperform was healthcare, with several companies posting double-digit daily returns. The rally in healthcare has been driven by cross-border deals, positive drug approvals, and broad policy support. Mainland China was weaker overall, with the exception of banks, despite above-average volumes in exchange-traded funds (ETFs) favored by the so-called National Team. Despite this intervention, markets declined as investors waited for further news from London. New Content Read our latest article: Navigating Global Crosswinds: Carbon Markets Respond to Tariff Tactics and Executive Orders Please click here to read Chart1 KraneShares Chart2 KraneShares Chart3 KraneShares Chart4 KraneShares Chart5 KraneShares Chart6 KraneShares

Terahertz Technology Market Forecasts Report 2025-2030, Featuring Major Players - TeraView, TOPTICA Photonics, HUBNER, Advantest, Batop, Terasense, and Microtech Instrument
Terahertz Technology Market Forecasts Report 2025-2030, Featuring Major Players - TeraView, TOPTICA Photonics, HUBNER, Advantest, Batop, Terasense, and Microtech Instrument

Yahoo

time38 minutes ago

  • Yahoo

Terahertz Technology Market Forecasts Report 2025-2030, Featuring Major Players - TeraView, TOPTICA Photonics, HUBNER, Advantest, Batop, Terasense, and Microtech Instrument

Global Terahertz Technology Market to Propel at 14.55% CAGR, Reaching $2.37 Billion by 2030, driven by defense, security, and pharmaceutical applications. Key players include TeraView, TOPTICA, and Advantest. Explore insights into market growth, trends, strategies, and geographical analysis. Global Terahertz Technology Market Dublin, June 10, 2025 (GLOBE NEWSWIRE) -- The "Terahertz Technology Market - Forecasts from 2025 to 2030" has been added to offering. The global terahertz technology market is set to experience substantial growth, projected to expand at a CAGR of 14.55%, reaching US$2.37 billion by 2030, up from US$1.20 billion in 2025 This impressive growth is primarily driven by the escalating need for efficient security systems across diverse industries, coupled with rising research and development investments from defense sectors worldwide. The surging demand for security screening equipment in public domains further accelerates market expansion. The pharmaceutical sector's increasing uptake of terahertz technology also contributes significantly to market growth. This technology assesses coating integrity, identifies chemical and physical attributes, and detects impurities within the sector. Furthermore, the growing need for compact, energy-efficient transceivers and the expansion of terahertz technology applications in medical science, biology, and research laboratories propel market growth. Major industry players include TeraView Limited, TOPTICA Photonics AG, HUBNER GmbH & Co. KG, Advantest Corporation, Batop GmbH, Terasense Group Inc., and Microtech Instrument, Inc. Demand Surge for Terahertz Technology in Defense The defense sector's reliance on terahertz technology for addressing critical security challenges, such as detecting concealed explosives and hidden weapons, underpins market growth. Governments globally prioritize advanced detection systems, boosting terahertz technology integration in defense and security applications. The technology excels in military operations, ISR, and identifying isolated personnel, while in non-combat scenarios, THz spectroscopic imaging effectively detects concealed materials and enhances air surveillance systems. Diverse Industry Adoption Industries such as telecommunications, healthcare, and industrial testing increasingly adopt terahertz technology. In telecommunications, it enables high-speed data transfer and supports next-generation ultra-fast wireless system development. In healthcare, terahertz imaging aids in analyzing superficial body structures, cancer detection, and diagnosing dermatological conditions. Key Benefits of this Report: Insightful Analysis: Access comprehensive market insights across major and emerging regions, focusing on customer segments and industry verticals. Competitive Landscape: Gain understanding of global strategic maneuvers employed by key players. Market Drivers & Future Trends: Explore dynamic factors and pivotal market trends shaping future developments. Actionable Recommendations: Leverage insights for strategic decisions to unlock new business streams and revenues. Wide Audience Reach: Ideal for startups, research institutions, consultants, SMEs, and large enterprises. Key Attributes: Report Attribute Details No. of Pages 140 Forecast Period 2025 - 2030 Estimated Market Value (USD) in 2025 $1.2 Billion Forecasted Market Value (USD) by 2030 $2.37 Billion Compound Annual Growth Rate 14.5% Regions Covered Global Key Topics Covered: 1. EXECUTIVE SUMMARY2. MARKET SNAPSHOT2.1. Market Overview2.2. Market Definition2.3. Scope of the Study2.4. Market Segmentation3. BUSINESS LANDSCAPE3.1. Market Drivers3.2. Market Restraints3.3. Market Opportunities3.4. Porter's Five Forces Analysis3.5. Industry Value Chain Analysis3.6. Policies and Regulations3.7. Strategic Recommendations4. TECHNOLOGICAL OUTLOOK5. GLOBAL TERAHERTZ TECHNOLOGY MARKET BY TYPE5.1. Introduction5.2. Terahertz Imaging5.3. Terahertz Communication system5.4. Terahertz Spectroscopy6. GLOBAL TERAHERTZ TECHNOLOGY MARKET BY SOURCE6.1. Introduction6.2. Laser Source6.3. Semiconductor Source7. GLOBAL TERAHERTZ TECHNOLOGY MARKET BY END-USER7.1. Introduction7.2. Healthcare7.3. Food & Agriculture7.4. Defense & Security7.5. Others8. GLOBAL TERAHERTZ TECHNOLOGY MARKET BY GEOGRAPHY8.1. Introduction8.2. North America8.3. South America8.4. Europe8.5. Middle East and Africa8.6. Asia Pacific9. COMPETITIVE ENVIRONMENT AND ANALYSIS9.1. Major Players and Strategy Analysis9.2. Market Share Analysis9.3. Mergers, Acquisitions, Agreements, and Collaborations9.4. Competitive Dashboard10. COMPANY PROFILES10.1. TeraView Limited10.2. TOPTICA Photonics AG10.3. HUBNER GmbH & Co. KG10.4. Advantest Corporation10.5. Batop GmbH10.6. Terasense Group Inc.10.7. Microtech Instrument, Inc.10.8. Menlo Systems GmbH10.9. Gentec Electro-Optics10.10. Bakman Technologies10.11. TeraVil Ltd.10.12. Luna Innovations Incorporated For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Global Terahertz Technology Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

High Speed Motors Strategic Industry Business Report 2025: Market to Reach $16.6 Billion by 2030 - OEM Shift Toward Integrated Motor-Controller Packages Accelerates Demand for High-Speed Brushless DC Motors
High Speed Motors Strategic Industry Business Report 2025: Market to Reach $16.6 Billion by 2030 - OEM Shift Toward Integrated Motor-Controller Packages Accelerates Demand for High-Speed Brushless DC Motors

Yahoo

timean hour ago

  • Yahoo

High Speed Motors Strategic Industry Business Report 2025: Market to Reach $16.6 Billion by 2030 - OEM Shift Toward Integrated Motor-Controller Packages Accelerates Demand for High-Speed Brushless DC Motors

Understand the significant growth trajectory of the Induction Motor segment, which is expected to reach US$9.7 Billion by 2030 with a CAGR of a 3.0%. The Permanent Magnet Motor segment is also set to grow at 4.0% CAGR over the analysis period. Gain insights into the U.S. market, valued at $3.7 Billion in 2024, and China, forecasted to grow at an impressive 6.5% CAGR to reach $3.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific. High Speed Motors Market Dublin, June 10, 2025 (GLOBE NEWSWIRE) -- The "High Speed Motors - Global Strategic Business Report" report has been added to global market for High Speed Motors was valued at US$13.5 Billion in 2024 and is projected to reach US$16.6 Billion by 2030, growing at a CAGR of 3.5% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The key advantage of high speed motors lies in their ability to reduce the size of mechanical systems by eliminating gearboxes or speed multipliers. This translates into lighter and more efficient systems with lower maintenance costs and improved dynamic performance. In high-precision machining, for example, high speed spindles improve surface finish and reduce cycle times, making them essential in aerospace, automotive, and mold manufacturing sectors. The Growth in the High Speed Motors Market Is Driven by Several growth in the high speed motors market is driven by several factors linked to high-precision manufacturing trends, automation demand, and innovations in motor control systems. Technologically, the development of lightweight rotor materials, advanced cooling methods, and high-frequency drive electronics is enabling higher operating speeds and improved energy efficiency. Integration with IoT and predictive maintenance platforms is also enhancing motor lifecycle and reliability in critical the end-use side, the surge in industrial automation, electric vehicle development, aerospace innovation, and medical equipment precision is fueling adoption across sectors. The move toward miniaturized, gearless, and high-performance drive systems in robotics and EV powertrains is further broadening market scope. As global industries push for efficiency, reliability, and compact motion control solutions, high speed motors are poised to play a central role in next-generation electromechanical systems. How Are Technology Innovations Enhancing Performance and Integration of High Speed Motors?Recent developments in motor design, materials, and control systems have significantly improved the performance of high speed motors. Key advances include the use of high-frequency laminated cores, permanent magnet synchronous motor (PMSM) architectures, and enhanced rotor balancing to minimize vibrations at high RPMs. High-efficiency cooling systems - such as water jackets, oil mist, and hybrid air-oil cooling - are being integrated to manage the heat generated during high-speed control systems, including field-oriented control (FOC), vector drives, and real-time feedback loops via encoders or sensors, are now standard for precision regulation. Manufacturers are also utilizing simulation-driven design to optimize rotor dynamics and reduce mechanical stress, enabling motors to operate at ultra-high speeds safely. With the electrification of mobility and industry, integration with battery systems and smart controllers is expanding the adaptability of high speed motors in EVs and Application Sectors and Regions Are Leading Market Expansion?The industrial automation sector is the primary driver of high speed motor adoption, particularly in CNC machinery, robotics, and high-speed compressors. Aerospace and defense applications - including unmanned systems and aircraft components - also demand high speed motors for their power-to-weight ratio and reliability. The medical sector uses these motors in surgical drills, dental tools, and centrifuges where precision and hygiene are leads the global market, particularly China, Japan, and South Korea, where precision manufacturing, electronics, and automotive production are thriving. North America and Europe remain key innovation centers, focusing on aerospace, EV technology, and industrial R&D. The expansion of smart factories and advanced manufacturing hubs globally is increasing the demand for compact, high-efficiency motor systems that deliver both speed and Scope Report Features: Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030. In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Company Profiles: Coverage of players such as ABB Ltd., Allied Motion Technologies Inc., Bosch Rexroth AG, Calnetix Technologies LLC, Celeroton AG and more. Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments. Key Insights: Market Growth: Understand the significant growth trajectory of the Induction Motor segment, which is expected to reach US$9.7 Billion by 2030 with a CAGR of a 3.0%. The Permanent Magnet Motor segment is also set to grow at 4.0% CAGR over the analysis period. Regional Analysis: Gain insights into the U.S. market, valued at $3.7 Billion in 2024, and China, forecasted to grow at an impressive 6.5% CAGR to reach $3.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific. Segments Product (Induction Motor, Permanent Magnet Motor, Other Products) Power Range (High Voltage, Low Voltage) Application (Machine Tools, Power Generation, Compressor, Bearings, Other Applications) Tariff Impact Analysis: Key Insights for 2025What's Included in This Edition: Tariff-adjusted market forecasts by region and segment Analysis of cost and supply chain implications by sourcing and trade exposure Strategic insights into geographic shifts Buyers receive a free July 2025 update with: Finalized tariff impacts and new trade agreement effects Updated projections reflecting global sourcing and cost shifts Expanded country-specific coverage across the industry Key Attributes: Report Attribute Details No. of Pages 372 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $13.5 Billion Forecasted Market Value (USD) by 2030 $16.6 Billion Compound Annual Growth Rate 3.5% Regions Covered Global MARKET OVERVIEW Influencer Market Insights World Market Trajectories Impact of COVID-19 and a Looming Global Recession High Speed Motors - Global Key Competitors Percentage Market Share in 2025 (E) Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E) MARKET TRENDS & DRIVERS Surge in Electric Vehicle Adoption Propels Demand for Compact and Efficient High Speed Motors Growth in Industrial Automation and Robotics Drives Use of High RPM Motors in Precision Applications Increasing Deployment in Aerospace and Defense Equipment Expands Market for High Speed Electric Drives Rising Focus on High-Efficiency, Low-Footprint Motors Strengthens Demand in HVAC and Compressor Systems Advancements in Magnetic Materials and Rotor Design Fuel Development of Ultra-High Speed Motor Solutions Proliferation of High-Speed Spindles in CNC Machining Enhances Demand for High Frequency Motors Integration of High Speed Motors in Energy Storage Systems and Flywheel Applications Expands Market Scope Growth in Turbo Blowers and Centrifugal Compressors Throws Spotlight on Specialized Motor Solutions Development of Compact Cooling Systems Enables Thermal Management in High RPM Motor Designs Surging Demand in Medical Devices Such as Surgical Drills and Centrifuges Drives Miniature High Speed Motor Use Electric Aircraft and Air Taxi Prototypes Leverage Lightweight High Speed Motors for Propulsion Systems OEM Shift Toward Integrated Motor-Controller Packages Accelerates Demand for High-Speed Brushless DC Motors Automotive Turbocharging Systems Integrating Electric Assistance Strengthen Use of High Speed E-Motors FOCUS ON SELECT PLAYERS ABB Ltd. Allied Motion Technologies Inc. Bosch Rexroth AG Calnetix Technologies LLC Celeroton AG Danfoss A/S Emerson Electric Co. Fuji Electric Co., Ltd. General Electric Company Hitachi, Ltd. Maxon Motor AG Meidensha Corporation Mitsubishi Electric Corporation Nidec Corporation Regal Rexnord Corporation Siemens AG SKF Group Synchrony Toshiba Corporation WEG S.A. For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment High Speed Motors Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store