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Business Wire
03-06-2025
- Business
- Business Wire
Iron Path Capital Announces Partnership with Gougeon Brothers, Inc. as First Investment in Advanced Materials Platform
CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--Iron Path Capital, a private equity firm focused on healthcare and specialty industrials, today announced a growth partnership with Gougeon Brothers, Inc., a leading epoxy manufacturer in the composites and marine end markets. 'Gougeon has a long and storied history as a pioneer and innovator in advanced composite epoxy resin systems for both repair and use in original equipment composite parts manufacturing." Share 'We are delighted to partner with the Gougeon management team to develop and grow their market-leading WEST SYSTEM®, PRO-SET®, and Entropy Resins® epoxy resin systems for making and repairing composite structures,' said Ted Clark, Partner at Iron Path Capital. 'Gougeon has a long and storied history as a pioneer and innovator in advanced composite epoxy resin systems for both repair and use in original equipment composite parts manufacturing. We will continue to build the business through organic and inorganic opportunities in the fast-growing composite materials market.' Family-owned since 1969, Gougeon formulates and manufactures epoxy systems for various applications in the marine, recreational, automotive, aerospace, and industrial composites markets. Gougeon is committed to customer service and technical support in ensuring customers' effective use of its products in repair and original equipment composite structures. Its in-house chemists develop tailored solutions for each application, ensuring quality and performance through their superior strength and excellent handling characteristics. The Company's history is rooted in boat building with the Gougeon brothers pioneering the use of epoxy resin systems in boat construction. In addition to formulating and manufacturing their products, Gougeon is a long-time thought leader in the space and is known for its instructional magazine and online forum (Epoxyworks®), book (The Gougeon Brothers on Boat Construction), and seminars and training sessions including the popular "Glue U" seminar for boat repair. 'The Gougeon Family and the employees of Gougeon Brothers Inc. are thrilled to partner with the team at Iron Path Capital,' said Gougeon CEO Alan Gurski*. 'We chose Iron Path as they share our entrepreneurial spirit, and our commitment to each other, our community, our customers, and to manufacturing the finest products for our markets. We look forward to being a part of the next evolution of GBI.' Ted Clark will serve as Executive Chairman of Gougeon as part of the new advanced materials platform. Clark is an experienced operator in formulated coatings, adhesives and sealants as well as in composites. He previously led Royal Adhesives & Sealants as President and CEO from 2003-2017, which was acquired by H.B. Fuller. Post-acquisition, Clark served as Senior Vice President, Royal Adhesives, then as Executive Vice President and COO of H.B. Fuller before joining Iron Path Capital as a Partner in 2022. Earlier in his career, Mr. Clark also served as President and CEO of PRC-DeSoto International, a producer of coatings and sealants for aircraft. This marks the fifth platform in Iron Path's main strategy. Deriving from the Italian term 'via ferrata,' a fortified route along a challenging Alps climb, Iron Path provides a differentiated private equity experience for founders and management teams, focusing on what drives the greatest impact while building on the company's culture and values to scale swiftly and deliberately, one secure step at a time. From day one, Iron Path Capital works hand-in-hand with management teams to add value through its unique blend of Wall Street capability and Main Street authenticity. Learn more at Gougeon Brothers, Inc. and Iron Path Capital. About Gougeon Holding Company Founded in 1969, Gougeon is a leading formulator, manufacturer and marketer of high-quality two-part epoxy systems and ancillary products. The Company's products include a wide range of epoxy resins, hardeners, fillers, and supplies for the composites, marine, automotive, aerospace, sporting goods, arts and crafts, and other end markets around the world. The Company manufactures WEST SYSTEM® Epoxy, PRO-SET® Epoxy, and Entropy Resins®, distributes PRO-VAC Vacuum Bag Consumables and publishes Epoxyworks® magazine. Gougeon is ISO 9001:2015 registered with primary operations in Bay City, MI. Learn more at About Iron Path Capital Iron Path Capital is an operationally focused private equity firm making lower-middle-market investments across the healthcare and specialty industrial sectors. With offices in Nashville, TN and Charlottesville, VA, Iron Path Capital supports its partners with capital, operating expertise, business development, and industry relationships to achieve significant scale. Iron Path Capital focuses on growing companies with stable cash flows, superior management teams, defensible, scalable business models and multiple vectors for growth, both organic and through consolidation. Learn more at *Mr. Gurski is not a current client of Iron Path Capital, L.P., or an investor in any of its funds and was not provided with compensation for this statement. We are not aware of any material conflicts of interest with him providing this statement resulting from his and Iron Path's relationship.
Associated Press
16-05-2025
- Business
- Associated Press
Wi2Wi Corporation Announces First Quarter 2025 Financial Results (Unaudited)
TORONTO, ON / ACCESS Newswire / May 16, 2025 / Wi2Wi Corporation (TSX-V:YTY)(OTC PINK:ISEYF) a leader in precision timing devices, frequency control products, and wireless technologies, today announced its financial results for the first quarter ended March 31, 2025. First Quarter Financial Highlights (Reported in $USD) CEO Commentary Ted Clark, CEO stated, 'Revenue and gross margin show modest improvements as we continue to work toward a full resolution of the inventory issue that carried into this period. Our focus remains on operational execution, product quality, and supporting key customers in our core frequency control business. We are continuing to align our resources with our Precision Devices frequency control business, which we believe will position us to continue to capture long-term opportunities in aerospace, industrial, and defense markets.' First Quarter Operational Highlights First Quarter 2025 Financial Overview (unaudited) Detailed and historical financial information is available here. About Wi2Wi Corporation Wi2Wi is a specialized electronic component supplier with expertise in all aspects of frequency control devices as well as in wireless technologies. Wi2Wi's Precision Devices brand of products has earned a premier spot in numerous key markets including avionics, aerospace, industrial equipment, government, and the US military. Wi2Wi's frequency control products are best-in-class and of the highest quality. Founded in 2005, Wi2Wi's headquarters, design center and state-of-the-art manufacturing facility are located in the heart of America's industrial belt in Middleton, WI. Wi2Wi can deliver specific solutions using its in-house design and manufacturing expertise, as well as leveraging many tier-1 global partnerships with numerous industry leading silicon and wireless technology suppliers. Wi2Wi has partnered with best-in-class sales leaders. The company uses a global network of manufacturer's representatives to promote its products and services, and has partnered with world class distributors for the fulfillment of orders all of which augment a US-based direct sales team. Wi2Wi is extremely proud to serve hundreds of the world's top companies with its made-in-America products. Investor & Media Contact Ted Clark, Chief Executive Officer +1-469-545-3423 [email protected] Forward-Looking Statements: This news release contains certain forward-looking statements, including management's assessment of future plans and operations, and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Such risks and uncertainties include, without limitation, risks associated with the ability to access sufficient capital, the impact of general economic conditions in Canada, the United States and overseas, industry conditions, stock market volatility. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances 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, including the amount of proceeds, that the Company will derive there from. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect the Company's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website ( Forward-looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking statements and if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward- looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. 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. SOURCE: Wi2Wi Corp. press release
Associated Press
14-04-2025
- Business
- Associated Press
Wi2Wi Corporation Announces Full Year 2024 Financial Results
Company Shows Improved Gross Margin and Continued Focus on Future Revenue Growth TORONTO, ON / ACCESS Newswire / April 14, 2025 / Wi2Wi Corporation (TSXV:YTY)(OTC PINK:ISEYF) a leader in precision timing devices, frequency control products, and wireless technologies, today announced its audited consolidated financial results for the fourth quarter and full-year ending December 31, 2024. Fourth Quarter and Full-Year 2024 Highlights (Reported in $USD) Revenue: Gross Margin: Profitability and Cash Flow: CEO Commentary Reflecting on the company's strategic direction, Ted Clark, CEO stated, 'In 2024, Wi2Wi made significant strategic progress by prioritizing our Frequency Control business and reducing emphasis on Wireless products. This shift allowed us to better allocate our resources toward areas with the greatest long-term potential, contributing to improved margins, a broader customer base, and a more sustainable growth trajectory. We enter 2025 with a growing pipeline and a clear view of the path ahead.' Operational & Financial Highlights In FY2024, Wi2Wi generated USD $6.31 million in revenue, versus USD $6.34 million the previous year. The company's strategic initiatives have fortified its customer base with significant top-tier additions and sustained partnerships highlighting the Company's commitment to delivering high-performance, reliable solutions across diverse market sectors including Avionics, Military, Industrial, Navigation, Automotive and Medical. In the first-quarter 2024, Wi2Wi announced it appointed Ted Clark as new Chief Executive Officer, bringing a fresh perspective to accelerate our strategic initiatives and operational improvements. In the fourth quarter, Wi2Wi identified a major account customer shipment that did not meet the Company's quality standards. The Company was able to immediately determine the root cause and take corrective action. This prompt response resulted in follow-on orders totaling nearly USD $500,000 for the same component. The incident underscores the strength of Wi2Wi's customer relationships and its commitment to quality responsiveness. Wi2Wi is actively working to repair all affected returned parts in order to completely resolve this issue. In the fourth quarter, Wi2Wi closed a non-brokered private placement by issuing a total of 12,000,000 Units at a price of $0.05 per Unit, for total gross proceeds of $600,000. The Company intends to use the net proceeds from the private placement for inventory and general working capital purposes. Full Year 2024 Financial Overview (Audited) Detailed and historical financial information is available here. Engages JT Pacific Capital Partners for Capital Markets Advisory Wi2Wi announces that it has entered into a consulting agreement with JT Pacific Capital Partners Corp ('JT Capital'). Pursuant to the agreement, JT Capital will be focused on increasing investor awareness while introducing Wi2Wi to its network of professional investor contacts. JT Capital will also provide, among other things, investor outreach campaigns, assistance with investor materials and coordination of public events. JT Capital has been retained for a six-month term. In consideration for the services provided by JT Capital, JT Capital will receive compensation of CAD$7,500 per month. JT Capital's principals own 1,968,000 shares and 1,000,000 warrants. Announces Stock Option Grant Wi2Wi announces that its board of directors has authorized and approved a grant of stock options to certain independent directors, executive officers, senior management, key employees, and key consultants in accordance with the Company's stock option plan. The Corporation has issued an aggregate of 300,000 options (the 'Options') at an exercise price of $0.05 per share. The granting of the Options and issuance of shares are subject to the terms and conditions of the Corporation's Stock Option Plan (the 'Plan') adopted by the Corporation on January 28, 2013 and subject to approval by the TSX Venture Exchange, if any approval is needed. The Options will vest on May 31, 2025. About Wi2Wi Corporation Wi2Wi is a specialized electronic component supplier with expertise in all aspects of frequency control devices as well as in wireless technologies. Wi2Wi's Precision Devices brand of products has earned a premier spot in numerous key markets including avionics, aerospace, industrial equipment, government, and the US military. Wi2Wi's frequency control products are best-in-class and of the highest quality. Founded in 2005, Wi2Wi's headquarters, design center and state-of-the-art manufacturing facility are located in the heart of America's industrial belt in Middleton, WI. Wi2Wi can deliver specific solutions using its in-house design and manufacturing expertise, as well as leveraging many tier-1 global partnerships with numerous industry leading silicon and wireless technology suppliers. Wi2Wi has partnered with best-in-class sales leaders. The company uses a global network of manufacturer's representatives to promote its products and services, and has partnered with world class distributors for the fulfillment of orders all of which augment a US-based direct sales team. Wi2Wi is extremely proud to serve hundreds of the world's top companies with its made-in-America products. Investor & Media Contact Ted Clark, Chief Executive Officer +1-469-545-3423 [email protected] Forward-Looking Statements: This news release contains certain forward-looking statements, including management's assessment of future plans and operations, and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Such risks and uncertainties include, without limitation, risks associated with the ability to access sufficient capital, the impact of general economic conditions in Canada, the United States and overseas, industry conditions, stock market volatility. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances 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, including the amount of proceeds, that the Company will derive there from. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect the Company's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website ( Forward-looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking statements and if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward- looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. 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. SOURCE: Wi2Wi Corp. press release
Yahoo
27-01-2025
- Yahoo
‘Hard to believe': Neighbors react to arrest of accused sexual predator and former elected official
Action News Jax has learned the now-former vice chair of the Clay County Soil and Water Conservation District has resigned from his position. 30-year-old Harrison 'Ted' Clark is accused of trying to meet a child for sex after his arrest in Nassau County. His arrest happened during a sting operation by the Nassau County Sheriff's Department. Read: Clay County elected official resigns after child sex sting operation arrest Action News Jax Shanila Kabir spoke to several of Ted Clark's neighbors in Orange Park who said Clark was involved in the community and around children fairly often, especially being the son of a Clay County school board member, Elizabeth Clark. They said they are uncomfortable to know that they are living feet away from an accused sexual predator. [DOWNLOAD: Free Action News Jax app for alerts as news breaks] Clark's next-door neighbor asked to remain anonymous but said he was blind-sided. 'I find this really hard to believe because he was a really quiet guy, but he was friendly.' According to the arrest report, Clark is accused of using a hookup application, 'Sniffies', and then traveling to meet who he thought was a 14-year-old boy for sex. Instead, he was greeted by men in blue. Read: I-295 chaos caused by death of 2 motorcyclists, says Florida Highway Patrol 'It's just hard to believe that he was a possible pedophile. I think any elected official should be looked at closer.' Deputies said Clark admitted his guilt during his arrest and said he grew an interest in children from his addiction to pornography. Another neighbor who also asked to remain hopes this investigation can be an eye-opener for city leaders and parents on the dangers of social media. 'That's disgusting. He needs to be taken away. I think it's one of the most absurd and ridiculous things that anybody could try to do this to a child.' According to the Nassau County Jail records, it does look like Ted Clark has been released. We did reach out to Clark for comments on his arrest and his resignation. We are waiting for a response. Read: Annual Jacksonville Boat Show ends with 'record-breaking' turnout [SIGN UP: Action News Jax Daily Headlines Newsletter] Click here to download the free Action News Jax news and weather apps, click here to download the Action News Jax Now app for your smart TV and click here to stream Action News Jax live.
