Last C$0.03 CAD
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As of 9:30 AM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

innovente inc (IGE) Snapshot

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10/8/13 - C$0.60
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innovente inc (IGE) Details

Innovente Inc. produces electricity and heat from organic waste in Canada. The company sells its electricity to the distributors under long-term contracts. The company was founded in 2004 and is headquartered in Quebec, Canada.

30 Employees
Last Reported Date: 03/31/14
Founded in 2004

innovente inc (IGE) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$203.7K
Compensation as of Fiscal Year 2013.

innovente inc (IGE) Key Developments

Innovente Shuts Down 4.6-MW Biomass CHP Plant in Canada

Innovente Inc. will close its 4.6-MW biomass-fired combined heat and power (CHP) plant in the province of Quebec. The facility in the St-Patrice-de-Beaurivage municipality will halt operations immediately for an indefinite period. Its personnel will be temporarily dismissed, adding that the move is part of its cost-cutting strategy.

Innovente Inc. Announces Temporary Layoffs at its Saint Patrice de Beaurivage Plant

Innovente Inc. announced the temporary layoff of its employees working in the operations of the Saint Patrice de Beaurivage plant. The interruption of operations at the Saint Patrice de Beaurivage plant is effective immediately for an indefinite period. In addition, the company will proceed in the coming days with the temporary layoff of part of its headquarters' employees. This decision is consistent with cost-cutting measures undertaken by the corporation, in order to implement solutions that will allow it to recover an adequate level of liquidity and to continue its operations. The company is regretful of the impact of these measures on its employees, but believes they are essential in the current context and in the best interest of the corporation.

Innovente Inc. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended January 31, 2014

Innovente Inc. announced unaudited earnings results for the third quarter and nine months ended January 31, 2014. For the quarter, the company reported revenues of $217,127. Net loss and comprehensive loss was $2,209,782 or $0.05 per basic and diluted share, compared to $708,389 or $0.018 per basic and diluted share for the last year. For the nine months, the company reported revenues of $331,721. Net loss and comprehensive loss was $3,913,062 or $0.09 per basic and diluted share, compared to $2,026,613 or $0.052 per basic and diluted share for the last year.


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