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Summus Solutions N.V. -  www.IONOTERRA.com in co-operation with www.understandrisk.org organising bi-annual forum and research event sponsored by World Bank on 29th of November 2019

Managing earthquake risk at a national scale: 

From strategic planning to on-the-ground actions The Europe and Central Asia region is vulnerable to a range of hazards, including earthquakes. Over time, close to 30 percent of the capitals of countries in the region have been at one time or another devastated by earthquakes and floods. This session focuses on the management of earthquake risk at a national scale, both at strategic as well as operational level. Bringing together experts from different earthquake-prone countries, this session will present various country approaches adopted, including main principles, strategic planning at a national-level, as well as challenges and opportunities in translating national strategies into on-the-ground action and investments at scale. Panelists from four countries will share their countries’ experience on managing earthquake risk, and discuss their insights with peers and the audience. The design, implementation, and monitoring of national approaches to assessing and reducing earthquake risk will be discussed from an institutional, technical, financial and communication perspectives.

Assessing and addressing the fiscal and economic  impacts of natural disasters:

 Sustainable economic development can be curtailed by the negative impact of natural disasters. One of the World Bank's strategic priorities is to assist countries in their efforts to reduce the negative fiscal impacts of natural disasters. In line with this, the World Bank and the IMF are working on improving the quantification of budgetary impacts and impacts on debt sustainability to minimize the macro-fiscal impacts in advance of an event. Analytics has guided the development and subsequent adoption of pre-arranged financial instruments to provide finance when its needed urgently most, which is immediately after a disaster hits. Supporting the accessibility of such instruments, the World Bank has developed a flexible platform for its clients to access international markets for risk transfer schemes. Over the past years, a range of countries, including Mexico, Colombia, Chile, Peru, Philippines, Jamaica have partnered with the World Bank in bringing to market sizeable, innovative transactions in recent years. This session will showcase some of this collaboration sharing country experience from a number of countries.

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SUMMUS SOLUTIONS NV announcing increase to 10% its strategic minority investment into potential future unicorn company IONOTERRA LIMITED P.C. which has just successfully concluded its public Proof of Concept for an early warning system for earthquakes, monitoring Greece and Western Turkey.

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES

Vancouver, October 7, 2019 - SUMMUS SOLUTIONS NV (“Summus” or the “Company”) (TSXV: SS) is pleased to announce today that SUMMUS SOLUTIONS NV (“SUMMUS”) has acquired another 9% strategic interest in the Israel based IONOTERRA LIMITED P.C.. SUMMUS acquired the additional stake from an institutional investor in IONOTERRA. 

IONOTERRA (ionoterra.com) is a scientifically & realistically proven system, enabling mankind for the first time to predict & warn population of an upcoming earthquake, at least 8 hours before the catastrophic event, with over 90% precision (for magnitude exceeding 4.5 Richter scale). 

IONOTERRA is an Israeli based R&D company consisting among others of experts in geophysics, ionosphere, and radar systems for various natural and artificial phenomena prediction occurring in the near-the-earth cosmic space. 

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Summus Solutions N.V. announces Appointment of New Director and Officer

Vancouver, August 7, 2019 - SUMMUS SOLUTIONS N.V. (“Summus” or the “Company”) (TSXV: SS) is pleased to announce the appointment of Mr. Marios Savva as a Director of the Company, effective July 27, 2019. Mr. Savva has a degree from the Polytechnic School of Democritus University of Thrace in Electrical Engineering and Computer Engineering. Mr. Savva worked for different Consulting Engineering firms as a Consultant Engineer. He later switched into providing IT Administration services, followed with IT Consultation. As of September 2018, he founded MS Thor Solutions Ltd; an IT services provider where he currently serves as Chief Executive Officer.

Summus is also pleased to announce the appointment of Mr. Dimitrios Kontos as Chief Financial Officer and Secretary of the Company, effective July 27, 2019. Mr. Kontos has a MSc in Business Administration from the University of Applied Science St. Gallen. Mr. Kontos currently holds a manager position with MAN Energy Solutions in Zurich, Switzerland, working as a CFO for the mentioned Swiss legal entity.

Effective July 17, 2019, Mr. Roger Bernhard resigned from his positions of Chief Financial Officer and Secretary of the Company and effective August 5, 2019, Mr. Stephan Brühl resigned as a Director of the Company. The Board of Directors of the Company would like to thank Mr. Bernhard and Mr. Brühl for their valuable contributions to the Company and wishes them much success in their future endeavours.

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UPDATE: CLick here for FORM 51-102F3 material change report

Summus Solutions N.V. announces strategic minority investment into IONOTERRA LIMITED P.C.

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES

VANCOUVER, BC, August 2, 2019 – Summus Solutions N.V. (“Summus”) (TSXV: SS) is pleased to announce that today SUMMUS Solutions NV ("SUMMUS") has acquired an 1% strategic interest in the Israel based US IONOTERRA Group. Summus acquired its stake from an institutional investor in IONOTERRA and is in negotiations to potentially increase its stake upto 20%.

Click here for full news release.

Click here for information about IONOTERRA Group.

UPDATE: Click here for FORM 51-102F3 material change report

Summus Solutions N.V. announces Closing of Private Placement

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES

VANCOUVER, BC, July 25, 2019 – Summus Solutions N.V. (“Summus”) (TSXV: SS) is pleased to announce that the non-brokered private placement financing (the “Financing”) previously announced on June 14, 2019 has closed. The Financing consists of 7,000,000 common shares (each, a “Share”) at a price of C$0.075 per Share, for total gross proceeds of up to C$525,000. The Shares issued are subject to a four-month hold period expiring on November 23, 2019 under applicable securities laws imposed by the TSX Venture Exchange (the "Exchange").

 

The participation of InnoCap Beteiligungen AG (“InnoCap”), a company owned by Urs Meisterhans, a Summus director and president, causes the transaction to be a related party transaction under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 because the fair market value of the InnoCap portion of the private placement does not exceed 25% of the Company's market capitalization.

Summus did not pay any finder's fees and plans to allocate the net proceeds of the Financing for general corporate purposes. 

Click here for full news release

Summus Solutions N.V. announces Private Placement

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES

VANCOUVER, BC, June 14, 2019 – Summus Solutions N.V. (“Summus”) (TSXV:SS) announces that it intends to undertake a non-brokered private placement financing (the “Financing”) in which it proposes to sell up to 7,000,000 common shares (each, a “Share”) at a price of C$0.075 per Share, for a total gross proceeds of up to C$525,000.

Summus may pay finder's fees on a portion of the Financing in accordance with applicable securities laws and the policies of the TSX Venture Exchange (the "Exchange"). Click here for full news release

Summus Solutions N.V. announces Closing of Debt Reduction and Asset Transfer Agreement

VANCOUVER, April 20, 2015 - Summus Solutions N.V. ("Summus") (TSXV: SS) is pleased to announce that it has closed its debt reduction and asset transfer agreement dated November 12, 2013 (the "Agreement") with its wholly owned subsidiary ZNX Energy LTd. ("ZNX) and Mr. John Hislop. Click here for full news release

Summus Solutions N.V. announces filing of its Annual Financial Statements, MD&A and Reserves Data

VANCOUVER, October 15, 2014 – Summus Solutions N.V. (“Summus”) (TSXV: SS) today filed with the relevant provincial securities regulators its annual audited financial statements, the accompanying management’s discussion and analysis (“MD&A”) and its statement of reserves data and other oil and gas information (National Instrument 51- 101F1, 51-101F2, 51-101F3 and 51-101F4) for the year ended June 30, 2014. These filings are available for review at www.sedar.com.

Summus Solutions N.V. report for 2012 June 30th 2013

VANCOUVER, Otober 19th, 2013; Summus Solutions N.V. releases report for 2013 through June 30th 2013. Investors can download the consolidated financial statements, MD&A and Form51-101F1

Summus Solutions N.V. Announces Appointment of Two New Directors

VANCOUVER, December 31, 2012 – Summus Solutions N.V. (“Summus” or the “Company”) (TSXV: SS) is pleased to announce the appointment of Jerome Hüser as a Director of the Company, effective December 27, 2012.  Mr. Hüser has a Preliminary Diploma in Technical Business Administration from the University of Stuttgart and a Degree cum laude of the University of Hohenheim in International Economics.  Mr. Hüser currently holds a manager position with DF Demain Finance in Baar, Switzerland, working with a few select clients providing them with administration, new business development, and third party liaising and negotiation services.

The Company is also pleased to announce the appointment of Mr. Stephan Bruehl as a Director of the Company, effective as of December 27, 2012.  Mr. Bruehl has a Diploma in Business Administration from the University of Stuttgart.  Mr. Bruehl has a wide range of experience as a general manager with companies in the media-, telecoms- and IT-business.

Effective as of December 27, 2012, both Mr. Jan Scheelings and Mr. Evert Meilink have resigned as Directors of the Company.  The Board of Directors would like to thank Mr. Scheelings and Mr. Meilink for their valuable contributions as directors of the Company and wishes them much success in their future endeavours.

The Board of Directors of the Company having obtained shareholder approval at the annual general and extra-ordinary meeting held on December 27, 2012, will proceed to migrate the management of the Company from Holland to Switzerland, to the following new address: Lättichstrasse 1a, CH-6340 Baar, Switzerland.

About the Company

Summus is a junior oil and gas exploration and production company focused on identifying and exploiting hydrocarbon opportunities. For further information, please contact Urs Meisterhans at +41 44 913 36 01 and/or visit the company website at www.summus-solutions.com.  

On behalf of the Board of Directors, Urs Meisterhans, President

Summus Solutions N.V. Announces Option Agreement   

VANCOUVER, November 29, 2012 – Summus Solutions N.V. (“Summus” or the “Company”) (TSXV: SS) is pleased to announce that it has entered into an option agreement (the “Agreement”) with World Wide Water Systems AG (“WWWS”) and InnoCap Beteiligungen AG (“InnoCap”) dated November 26, 2012.  Pursuant to the terms and conditions of the Agreement, InnoCap has granted to Summus an option (the “Option”), exercisable by Summus at any time on or before June 30, 2014, to acquire 74.75% of the issued and outstanding shares of WWWS, being 134,550 ordinary shares of WWWS (the “WWWS Shares”) for a purchase price of 450,000 Euros.  Prior to exercising the Option, the Company would seek approval of the TSX Venture Exchange.

In consideration for the grant of the Option, the Company has paid 10,000 Euros to InnoCap. 

WWWS is an internationally active company.  WWWS has its headquarters located in Hamburg and maintains an operating location in Erftstadt.  WWWS develops and sells water analysis appliances, water treatment and desalination plants.  The object of the company is trading in goods of all kinds and especially trading and selling automatic water analysis equipment, water treatment and desalination plants and other technical appliances and equipment including import and export of such goods and plant as well as conducting all related business transactions; the development of automatic water analysis appliances, water treatment and desalination plant and the installation of such plant at home and abroad (plant construction); trading in machines, consumable and spare parts as well as maintenance, service and repair work of all kinds.

About the Company

Summus is a junior oil and gas exploration and production company focused on identifying and exploiting hydrocarbon opportunities. For further information please contact us or visit www.wwws-ag.de