EgyptEGX SWDY - ELSWEDY ELECTRICEl Sewedy Electric's Project Announced by Hungarian Electricity Co

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El Sewedy Electric’s Project Announced by Hungarian Electricity Co

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El Sewedy Electric’s Project Announced by Hungarian Electricity Co

Hungarian Electricity Co awards 500-650 MW combined cycle power plant project to consortium.
• The project, located at MVM MÁtra Energy ZRT., in Hungary, is part of its subsidiary, MVM MÁtra Energy ZRT.
• The engineering and construction company, “Elsewedy Electric” Group Consortium, has been invited to final negotiations to sign a contract on the Turnkey Engineering, Production, and Construction (EPC) basis.

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News / The newswire.ca / Aether Announces Private Placement and Leadership Updates Aether Announces Private Placement and Leadership Updates Feb 10, 202521:15 GMT+3Refinitiv AETH −20.00% AETHF 0 (TheNewswire) Vancouver, British Columbia – TheNewswire – February 10, 2025 -Aether Global Innovations Corp. AETH AETHF (Frankfurt:4XA WKN# A2N8RH) (“Aether” or the “Company”) ispleased to announce that it intends to undertake a non-brokeredprivate placement (the “Private Placement”) of up to 16,666,667units (each, a “Unit”) at a price of $0.03 per Unit, forgross proceeds of up to $500,000. Each Unit will be composed of one (1) common share ofthe Company (a “CommonShare”) and one-half of one (1/2) CommonShare purchase warrant (each whole warrant, a “Warrant”), witheach Warrant entitling the holder thereof to purchase one (1)additional Common Share at a price of $0.05 for 36 months from thedate of closing. The Company intends to use the net proceeds raised fromthe Private Placement for general working capital and towardsinvestments in Xentera Technologies Inc., as discussed in more detailin the Company’s news release dated November 6, 2024. Completion ofthe Private Placement is subject to certain conditions including, butnot limited to, receipt of all necessary approvals including theapproval of the Canadian Securities Exchange. Securities issued through the Private Placement will besubject to customary restrictions on resale for four months and a dayfrom the date of closing. Leadership Updates Aether also announces the engagement of Rick Unrau as astrategic advisor to the Company. Mr. Unrau has more than 30 years ofsenior management experience in the high-growth telecommunications,technology and financial services sectors. Mr. Unrau is recognized asan innovative problem solver, with expertise developing andimplementing processes, systems and controls to meet corporateobjectives. Aether also announces the appointment of Peter Volpe tothe Company’s board of directors (the “Board”) and aschairman of the Board. Mr. Volpe will be taking over for Doug Smith aschairman, and Mr. Smith will remain on the Board. Mr. Volpe has morethan 25 years of experience in financial planning and moneymanagement, most recently with a Canadian bank. Mr. Volpe hasparticular expertise in investments focusing on emerging small captechnology companies and he has acted as a director for severalcompanies in the technology sector. Mr. Volpe currently serves as thechairman of the Canadian Institute of Financial Planners. The securities to be issued pursuantto the Private Placement have not been, nor will they be, registeredunder the United States Securities Act of 1933, as amended, and maynot be offered or sold within the United States or to, or for theaccount or benefit of, U.S. persons in the absence of U.S.registration or an applicable exemption from the U.S. registrationrequirements. This news release shall not constitute an offer to sellor the solicitation of an offer to buy nor shall there be any sale ofthe securities in the United States or in any other jurisdiction inwhich such offer, solicitation or sale would be unlawful. About Aether Aether Global Innovations Corp. (AETH) is an innovativeUAV drone management and operations services company that focuses onthree areas for critical infrastructure and large public and privatefacilities: (i) drone management and surveillance monitoring; (ii)automation and integration for flight planning, new, innovative sensorpayloads and stand-alone power sources; and (iii) drone base stationinfrastructure and technology for autonomous self-landing, powercharging, and take-off. For more information, please consult the Company’sfilings, available at www.sedarplus.ca, and theCompany’s website, www.aethergic.com. ON BEHALF OF THE BOARD OFDIRECTORS Philip Lancaster, President and CEO Aether Global Innovations Corp. (250) 863-3038 Forward-Looking Statements This press release contains certainforward-looking statements within the meaning of applicable securitieslaws with respect to the Company, including statements respecting (i)the Private Placement and (ii) the expected use of proceeds from thePrivate Placement. These forward-looking statements generally areidentified by words such as “believe,” “project,” “aim,”“expect,” “anticipate,” “estimate,” “intend,”“strategy,” “future,” “opportunity,” “plan,”“may,” “should,” “will,” “would,” and similarexpressions. Although the Company believes that the expectations andassumptions on which such forward-looking statements and informationare based are reasonable, undue reliance should not be placed on theforward-looking statements and information because the Company cangive no assurance that they will prove to be correct. Sinceforward-looking statements and information address future events andconditions, by their very nature they involve inherent risks anduncertainties. Many factors could cause actual future events to differmaterially from the forward-looking statements in this press release.The forward-looking statements included in this news release areexpressly qualified by this cautionary statement. The forward-lookingstatements and information contained in this news release are made asof the date hereof and the Company undertakes no obligation to updatepublicly or revise any forward-looking statements or information,whether as a result of new information, future events or otherwise,unless so required by applicable laws. The Canadian Securities Exchange hasnot reviewed this press release and does not accept responsibility forthe adequacy or accuracy of this news release. NOT FOR DISTRIBUTION TO THE UNITEDSTATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITEDSTATES Copyright (c) 2025 TheNewswire – All rights reserved. Americas The newswire.ca

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