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BeWhere Holdings Inc. Reports 3rd Quarter Financial Results Hit Record Revenue Level – 804% Year-over-Year Nine Month Growth

Toronto, Ontario (FSCwire) – (TSX-V: BEW, OTCQB: BEWFF) (“BeWhere” or the “Company”)

BeWhere, is pleased to announce today its financial results for the third quarter ended September 30, 2017, and with the following highlights:

Highlights

  • Revenues increased by over 804% year-over-year for the nine-month period, and 75% quarter over quarter – Revenues for the three months ended September 30, 2017 were $707 thousand compared to $42 thousand for the three months ended September 30, 2016: an increase of $665 thousand (1,583%). For the nine months ended September 30, 2017, revenues were $1,244 thousand compared to $138 thousand for the nine months ended September 30, 2016: an increase of $1,106 thousand (804%).
  • Gross Profit continues to trend higher – Gross profits for the three months ended September 30, 2017 were $218 thousand compared to $22 thousand for the three months ended September 30, 2016: an increase of $196 thousand (891%), as the Company scaled its shipments as part of previously announced customer wins.
  • Working Capital remains healthy and cash level increases – The Company increased its cash balance to $1.18 million, an increase of $163 thousand in the third quarter, and had a working capital balance of approximately $1.35 million at quarter end.
  • On September 11, 2017 BeWhere’s Chief Executive Officer, Owen Moore, presented at the 5th GSMA Global Mobile IoT Summit in San Francisco.
  • On October 11, 2017 the Company announced that it had raised a total of $2,149,500 from the successful completion of its private placement financing, whereby the Company issued 7,165,000 common shares.
  • On October 13, 2017 BeWhere announced the implementation and rollout of an advanced mobile safety solution, providing enhanced security for Brinks Canada Operations.
  • On November 9, 2017 BeWhere, BELL, and Huawei, together with The Premier of Ontario Kathleen Wynne, announced the successful completion of the first Low-Powered Wide Area (“LPWA”) cellular case study at Henry of Pelham Family Estate Winery in Pelham, Ontario showcasing BeWhere’s disruptive technology for environmental monitoring.

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Kathleen Wynn Video Interview: This morning I was at Henry of Pelham in St. Catharines to see an innovative piece of technology.

This morning I was at Henry of Pelham in St. Catharines to see an innovative piece of technology. It seems a bit surprising that a winery would be the place to look for innovative tech, but ‎the small environmental monitoring device they're using will give the winery a big boost in production.The project is the impressive result of a collaboration between Henry of Pelham, BeWhere, Huawei, and Bell‎, and it's international partnerships like this that are the reason I go on trade missions. They create innovative opportunities here in Ontario. I'll be travelling to China and Vietnam later this month with over 100 delegates, and I can't wait to see the opportunities and partnerships that grow out of this mission. ‎

Posted by Kathleen Wynne on Thursday, November 9, 2017

Internet of Things Seeks Ultimate Vintage in a Canadian Winery

  • Henry of Pelham testing BCE, Huawei, BeWhere technology
  • ‘We cannot control nature, so we have to work with nature’

A brisk wind sweeps through the Henry of Pelham winery in Niagara, Ontario, as a farmer inspects sensors on Cabernet Sauvignon vines in preparation for ice-wine season.

The sensors are part of a pilot project by BCE Inc.’s Bell Canada, Chinese telecommunications giant Huawei Technologies Co. and Toronto-based software company BeWhere Inc. in search of the ultimate vintage in one of Canada’s main wine-growing regions.

The sensors, which are a little larger than an iPhone, are charged by solar panels. They can capture data on things like temperature, water levels and humidity to improve vineyard operations, and help prevent vine disease. The technology consists of BeWhere sensors, Huawei chips and Bell’s new wireless network, “LTE-M,” a low power, wide-range network.

“We cannot control nature, so we have to work with nature,” Paul Speck, president of Henry of Pelham, said Thursday at the vineyard. “The more we understand what nature’s doing, the more we can react. This technology does that and it does that very inexpensively.”

If successful, the Internet of Things project will expand beyond vineyards to other agricultural industries. IoT refers to everyday tools — from automobiles to home appliances — connected to computer systems to be more functional. Many manufacturers have started bringing such devices to market and companies including Hitachi Ltd. and Dell Technologies Inc. have invested heavily in these platforms.

Smart Tech Winery Pilot Highlights Ontario-Chinese Business Partnership

Environmental Monitoring Technology Will Help Boost Production at Ontario Winery

Office of the Premier

Premier Kathleen Wynne was at Henry of Pelham Family Estate Winery today in Pelham in Niagara Region, as Bell announced a new partnership with Ontario-based BeWhere, an Internet of Things (IoT) solutions company, and China-based tech company Huawei, the world’s largest telecommunications equipment maker.

Together, the companies have developed an environmental monitoring solution to help improve the health and quality of plants at the vineyard. The product will use sensors connected to Bell’s LTE-M wireless network to remotely monitor temperature and water levels, automatically adjusting as weather conditions change. The innovative IoT solution will help lower costs, keep more vines alive longer and promote greater sustainability.

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Bell, Huawei and BeWhere bring new Internet of Things solution to Ontario winery

Pilot project with Henry of Pelham Family Estate Winery an important step forward in developing IoT smart technology solutions for agriculture

PELHAM, ON, November 9, 2017 – Bell today announced it has partnered with BeWhere Technologies and Huawei to implement an automated Internet of Things (IoT) solution for the Henry of Pelham vineyard to help improve planning and sustainability programs. The announcement took place this morning with the three partners, alongside Ontario Premier Kathleen Wynne, who highlighted the partnership ahead of her trade mission to China.

“Ontario’s technology sector is leading the way when it comes to developing solutions that can promote sustainability, grow our economy and create opportunities for our people,” said Kathleen Wynne, Premier of Ontario. “This new IoT pilot shows the innovation that can be achieved when internationally recognized companies like Huawei partner with world-class Ontario businesses like Bell Mobility, BeWhere and Henry of Pelham and leverage the incredible talent of our province’s highly skilled workers.”

By using wireless environmental sensors connected to Bell’s LTE-M wireless network, the winery will be able to remotely monitor temperature and water levels, prevent vine disease, and ultimately improve the health of its plants, lowering operating costs and providing for years of maintenance-free data gathering.

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Bell, Huawei et BeWhere mettent au point une nouvelle solution IdO pour un vignoble ontarien

Un projet pilote mené avec le vignoble Pelham Family Estate Winery représente un important pas en avant dans le développement de solutions de technologies intelligentes IdO pour le secteur agricole.

PELHAM (Ontario), le 9 novembre 2017 – Bell a annoncé aujourd’hui la conclusion d’un partenariat avec BeWhere Technologies et Huawei  pour mettre en œuvre des solutions automatisées utilisant l’Internet des objets (IdO) dans le vignoble Henry of Pelham, et aider ainsi cette exploitation viticole à améliorer sa planification et ses programmes de durabilité. L’annonce a été faite ce matin par les trois partenaires accompagnés de la première ministre de l’Ontario, Kathleen Wynne, qui a mis en avant cette collaboration dans la perspective de sa prochaine mission commerciale en Chine.

« Le secteur technologique de l’Ontario fait figure de chef de file dans le domaine de la conception de solutions qui favorisent le développement durable, contribuent à la croissance de notre économie et ouvrent des possibilités à nos concitoyens, a rappelé la première ministre. Ce nouveau projet pilote d’IdO témoigne des niveaux d’innovation qu’il est possible d’atteindre lorsque des entreprises de renommée internationale comme Huawei s’associent à des sociétés ontariennes de calibre mondial comme Bell Mobilité, BeWhere et Henry of Pelham et profitent du talent exceptionnel des travailleurs hautement qualifiés de notre province. » Continue reading

BeWhere and Brink’s Partner to Deliver Solutions for Worker Safety

Toronto, Ontario–(Newsfile Corp. – October 13, 2017) – BeWhere Holdings Inc. (TSXV: BEW) (OTCQB: BEWFF) today announced the implementation and rollout of an advanced Mobile Safety Solution providing enhanced security for Brink’s Canada operations. Brink’s is the world’s premier provider of cash management, secure logistics and security solutions including cash-in-transit, ATM services, cash management services (including vault outsourcing, money processing and intelligent safe services), international transportation of valuables, and payment services. Their global network has operations in 41 countries and serves customers in more than 100 countries.

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BeWhere Holdings Inc. Has Closed the Final Tranche of Previously Announced Non-Brokered Private Placement

Toronto, Ontario (FSCwire) – BeWhere Holdings Inc. (TSXV: BEW, OTCQB: BEWFF) (“BeWhere” or the “Company”) is pleased to announce that it has closed its final tranche of the non-brokered private placement of Common Shares.  The aggregate total of 7,165,000 Common Shares at a price of $0.30 per Common Share have been issued pursuant to the private placement, for total gross proceeds of $2,149,500.

The 1,000,000 Common Shares issued on the final tranche of the private placement are subject to a statutory four month hold period, which expires February 12, 2018.  Finders’ fees have been paid in cash in an amount equal to 6% of the gross proceeds from the sale of some of the Common Shares issued on the final tranche of the private placement.

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BeWhere Holdings Inc. Has Closed the First Tranche of Previously Announced Non-Brokered Private Placement

Funds to be Used to Accelerate Growth

Toronto, Ontario (FSCwire) – BeWhere Holdings Inc. (TSXV: BEW, OTCQB: BEWFF) (“BeWhere” or the “Company”) is pleased to announce that it has closed its’ first tranche of the non-brokered private placement of Common Shares by the issuance of 6,165,000 Common Shares at a price of $0.30 per Common Share for gross proceeds of $1,849,500.

The net proceeds of the private placement, plus existing cash and other working capital, will be used, in part, to fund the commercialization of the Company’s new NB-IOT and LTE-M Mobile IOT environmental sensing and asset monitoring solutions and for general working capital purposes.  The Company expects to launch the new products and provide them to existing partners and resellers in the fourth quarter.

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