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ZTEST Announces Grant Of Stock Options

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ZTEST Electronics Inc. (CSE:ZTE) has granted 800,000 stock options to its Directors and Officers, exercisable at $0.30 per share for 5 years. The options vest 50% after 6 months and the remainder after 1 year. The company also announced the resignation of Derrick Strickland as a director, with Dave Barnett appointed to the Audit Committee to fill the vacancy. ZTEST, through its subsidiary Permatech Electronics Corp., offers Electronic Manufacturing Services (EMS) including PCB Assembly, Materials management, and Testing services from its 21,000 square foot, ISO 9001:2015 certified facility in North York, Ontario. Permatech serves various industries, specializing in low and mid-volume production of high complexity products.

ZTEST Electronics Inc. (CSE:ZTE) ha conferito 800.000 opzioni su azioni ai suoi Direttori e Dirigenti, esercitabili a $0,30 per azione per 5 anni. Le opzioni maturano al 50% dopo 6 mesi e il restante dopo 1 anno. L'azienda ha anche annunciato la dimissione di Derrick Strickland come direttore, con Dave Barnett nominato nel Comitato di Revisione per coprire la posizione vacante. ZTEST, attraverso la sua controllata Permatech Electronics Corp., offre Servizi di Produzione Elettronica (EMS) inclusi Assemblaggio PCB, gestione dei materiali e servizi di testing dalla sua struttura di 21.000 piedi quadrati, certificata ISO 9001:2015 a North York, Ontario. Permatech serve vari settori, specializzandosi nella produzione a basso e medio volume di prodotti ad alta complessità.

ZTEST Electronics Inc. (CSE:ZTE) ha otorgado 800.000 opciones sobre acciones a sus Directores y Oficiales, que se pueden ejercer a $0.30 por acción durante 5 años. Las opciones se consolidan en un 50% después de 6 meses y el resto después de 1 año. La compañía también anunció la renuncia de Derrick Strickland como director, con Dave Barnett nombrado para el Comité de Auditoría para ocupar la vacante. ZTEST, a través de su subsidiaria Permatech Electronics Corp., ofrece Servicios de Fabricación Electrónica (EMS) incluyendo ensamblaje de PCB, gestión de materiales y servicios de pruebas desde su instalación de 21,000 pies cuadrados, certificada por ISO 9001:2015 en North York, Ontario. Permatech sirve a diversas industrias, especializándose en la producción de alta complejidad en volúmenes bajos y medios.

ZTEST Electronics Inc. (CSE:ZTE)는 80만 주식 옵션을 이사 및 임원에게 부여하였으며, 이는 주당 $0.30의 가격으로 5년 동안 행사할 수 있습니다. 옵션은 6개월 후에 50%가 행사 가능해지고, 나머지는 1년 후에 행사 가능합니다. 또한 회사는 Derrick Strickland의 이사직 사임을 발표했으며, Dave Barnett가 공석을 채우기 위해 감사위원회에 임명되었습니다. ZTEST는 자회사인 Permatech Electronics Corp.를 통해 전자 제조 서비스(EMS)를 제공하며, 여기에는 PCB 조립, 자재 관리, 21,000 평방 피트 규모의 ISO 9001:2015 인증 시설에서의 테스트 서비스가 포함됩니다. Permatech는 다양한 산업을 대상으로 하며, 고복잡성 제품의 저 및 중량 생산에 특화되어 있습니다.

ZTEST Electronics Inc. (CSE:ZTE) a accordé 800.000 options sur actions à ses Directeurs et Responsables, exerçables à 0,30 $ par action pendant 5 ans. Les options acquièrent 50 % après 6 mois et le reste après 1 an. L'entreprise a également annoncé la démission de Derrick Strickland en tant que directeur, avec Dave Barnett nommé au Comité d'Audit pour combler le poste vacant. ZTEST, par l'intermédiaire de sa filiale Permatech Electronics Corp., propose des Services de Fabrication Électronique (EMS) comprenant l'assemblage de PCB, la gestion des matériaux et des services d'essai depuis son établissement de 21 000 pieds carrés, certifié ISO 9001:2015 à North York, Ontario. Permatech sert plusieurs secteurs, spécialisée dans la production à faible et moyen volume de produits de haute complexité.

ZTEST Electronics Inc. (CSE:ZTE) hat 800.000 Aktienoptionen an seine Direktoren und Führungskräfte vergeben, die zu $0,30 pro Aktie für 5 Jahre ausübbar sind. Die Optionen verfallen zu 50 % nach 6 Monaten und der Rest nach 1 Jahr. Das Unternehmen gab auch die Rücktritt von Derrick Strickland als Direktor bekannt, wobei Dave Barnett in den Prüfungsausschuss berufen wurde, um die Vakanz zu füllen. ZTEST bietet über ihre Tochtergesellschaft Permatech Electronics Corp. Elektronikfertigungsdienstleistungen (EMS) an, einschließlich PCB-Montage, Materialmanagement und Testdienstleistungen aus ihrer 21.000 Quadratfuß großen, ISO 9001:2015-zertifizierten Einrichtung in North York, Ontario. Permatech bedient verschiedene Branchen und ist auf die Produktion von hochkomplexen Produkten in niedrigen und mittleren Stückzahlen spezialisiert.

Positive
  • Granted 800,000 stock options to Directors and Officers, potentially aligning their interests with shareholders
  • Operates from a 21,000 square foot, ISO 9001:2015 certified facility, indicating quality standards
  • Specializes in high-yield, high-quality, rapid-turnaround production for complex products
Negative
  • Resignation of a director, potentially impacting board composition and expertise

NORTH YORK, ON / ACCESSWIRE / August 16, 2024 / ZTEST Electronics Inc. ("ZTEST" or the "Company") (CSE:ZTE) is pleased to announce that it has granted 800,000 stock options to the Directors and Officers of the Company, exercisable at $0.30 per share for 5 years vesting as to 50% after 6 months and the balance after 1 year.

The Company also wishes to announce that Derrick Strickland has resigned as a director of the Company. Dave Barnett has been appointed to the Audit Committee to fill the vacancy created by the resignation of Mr. Strickland. Steve Smith, President and CEO of the Company, stated "On behalf of the Board of Directors, I would like to thank Derrick for his service to the Company as a director and wish him the best in his future endeavours".

ZTEST Electronics Inc.

ZTEST Electronics Inc., through its wholly owned subsidiary Permatech Electronics Corp. ("Permatech"), offers Electronic Manufacturing Services (EMS) to a wide range of customers. Permatech's offering includes Printed Circuit Board (PCB) Assembly, Materials management and Testing services. Permatech operates from a 21,000 square foot, ISO 9001:2015 certified facility in North York, Ontario, Canada. Permatech is a contract manufacturer of complex circuit boards, serving customers in the Medical, Power, Computer, Telecommunications, Wireless, Industrial, Trucking, Wearables and Consumer Electronics markets. It specializes in servicing customers who are looking for high yield and require high quality and rapid-turnaround on low and mid-volume production of high complexity products.

For more information contact: Steve Smith, CEO (604) 837-3751 email: steves@ztest.com

The CSE has neither approved nor disapproved the contents of this press release. The CSE does not accept responsibility for the adequacy or accuracy of this release.

SOURCE: ZTEST Electronics Inc.



View the original press release on accesswire.com

FAQ

What stock options did ZTEST Electronics Inc. (ZTSTF) grant on August 16, 2024?

ZTEST Electronics Inc. granted 800,000 stock options to its Directors and Officers, exercisable at $0.30 per share for 5 years. The options vest 50% after 6 months and the remaining 50% after 1 year.

Who resigned from ZTEST Electronics Inc.'s (ZTSTF) board of directors?

Derrick Strickland resigned as a director of ZTEST Electronics Inc. Dave Barnett was appointed to the Audit Committee to fill the vacancy created by Strickland's resignation.

What services does ZTEST Electronics Inc. (ZTSTF) offer through its subsidiary Permatech?

ZTEST Electronics Inc., through Permatech Electronics Corp., offers Electronic Manufacturing Services (EMS) including Printed Circuit Board (PCB) Assembly, Materials management, and Testing services. They specialize in low and mid-volume production of high complexity products.

What industries does ZTEST Electronics Inc. (ZTSTF) serve?

ZTEST Electronics Inc. serves customers in the Medical, Power, Computer, Telecommunications, Wireless, Industrial, Trucking, Wearables, and Consumer Electronics markets.

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