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Velan: A Strong Balance Sheet At A Cyclical Low

2018-01-30 seekingalpha
Velan (OTC:VLNSF)[TSX:VLN] is a manufacturer of industrial components, primarily valves. The company is family-owned and controlled, and maintains what could be described as a fortress balance sheet, with $90 MM USD of cash and short term investments and $35 MM USD in debt. Although the company is headquartered in Canada, it reports in US dollars, so all figures in this report will be in that currency unless otherwise noted.

Velan Announces Election of Directors

2017-07-14 marketwired
MONTREAL, QUEBEC--(Marketwired - July 14, 2017) - Velan Inc. (the "Corporation") (TSX:VLN) announced today that each director nominee listed in the Management Proxy Circular dated May 22, 2017 was elected as Director of the Corporation during the Annual of the Shareholders held on July 13, 2017 in Montréal, Québec.

Velan Inc. Reports Its First Quarter 2017/18 Financial Results

2017-07-13 marketwired
MONTREAL, QUEBEC--(Marketwired - July 13, 2017) - Velan Inc. (TSX:VLN) (the "Company"), a world-leading manufacturer of industrial valves, announced today its financial results for its first quarter ended May 31, 2017.

Velan Inc.: Announcement

2017-07-03 marketwired
MONTREAL, QUEBEC--(Marketwired - July 3, 2017) - Velan Inc. (TSX:VLN) today announced that on Thursday, July 13, 2017, it will release 1st Quarter results ended May 31, 2017.

VELAN receives contracts worth US$55 million to supply safety related valves for 3rd generation nuclear reactors at Hinkley Point C in the U.K.

2017-05-18 marketwired
MONTREAL, QUEBEC--(Marketwired - May 18, 2017) - VELAN (TSX:VLN) will provide NNB GENERATION Company (HPC) Limited, a subsidiary of EDF Energy Plc, a French-British power utility, and AREVA NP, the world leader in nuclear engineering, nuclear valves to equip the primary and safety auxiliary systems of the two new-generation EPR™ reactors at the Hinkley Point C nuclear power plant, located in Somerset, United Kingdom.

Velan Inc. Reports Its Year-End and Fourth Quarter 2016/17 Financial Results

2017-05-18 marketwired
MONTREAL, QUEBEC--(Marketwired - May 18, 2017) - Velan Inc. (TSX:VLN) (the "Company"), a world-leading manufacturer of industrial valves, announced today its financial results for its fiscal year and fourth quarter ended February 28, 2017.

Velan Appoints Yves Leduc as CEO in Accordance With the Previously Announced CEO Succession Plan

2017-03-01 marketwired
MONTREAL, QUEBEC--(Marketwired - March 1, 2017) - Velan Inc. ("Velan") (TSX:VLN) is pleased to announce the completion of its CEO succession plan with the appointment of Yves Leduc as CEO. Mr. Leduc was also elected to the board of directors of the company. Mr. Leduc who was hired in January 2015 as President has become the first non-Velan family member to lead the valve manufacturing company that was founded in 1950.

Velan Inc. Reports its Third Quarter 2016/17 Financial Results

2017-01-12 marketwired
MONTREAL, QUEBEC--(Marketwired - Jan. 12, 2017) - Velan Inc. (TSX:VLN) (the "Company"), a world-leading manufacturer of industrial valves, announced today its financial results for its third quarter ended November 30, 2016.

Velan Inc.: 2016 Normal Course Issuer Bid

2016-10-17 marketwired
MONTREAL, QUEBEC--(Marketwired - Oct. 17, 2016) - Velan Inc. (the "Corporation") (TSX:VLN) announced today that it has received approval of the Toronto Stock Exchange ("TSX") to proceed with its normal course issuer bid previously announced on October 13, 2016. Under the bid, the Corporation may purchase up to 153,969 Subordinate Voting Shares (the "Shares") of the Corporation. The average daily trading volume for the 6-month period preceding October 1, 2016 is 1,299 Shares.

Velan Inc. Reports its Second Quarter 2016/17 Financial Results

2016-10-13 marketwired
MONTREAL, QUEBEC--(Marketwired - Oct. 13, 2016) - Velan Inc. (TSX:VLN) (the "Company"), a world-leading manufacturer of industrial valves, announced today its financial results for its second quarter ended August 31, 2016.

Velan Inc.: Announcement

2016-10-06 marketwired
Velan Inc. (TSX:VLN) today announced that on Thursday, October 13, 2016, it will release 2nd Quarter results ended August 31, 2016.

Velan Announces Election of Directors

2016-07-13 marketwired
MONTREAL, QUEBEC--(Marketwired - July 13, 2016) - Velan Inc. (the "Corporation") (TSX:VLN) announced today that each director nominee listed in the Management Proxy Circular dated May 20, 2016 was elected as Director of the Corporation during the Annual Meeting of the Shareholders held on July 12, 2016 in Montréal, Québec.

Velan Inc. Reports Its First Quarter 2016/17 Financial Results

2016-07-12 marketwired
MONTREAL, QUEBEC--(Marketwired - July 12, 2016) - Velan Inc. (TSX:VLN) (the "Company"), a world-leading manufacturer of industrial valves, announced today its financial results for its first quarter ended May 31, 2016.

Velan Inc. Announces Leadership Transition Plan

2016-07-12 marketwired
MONTREAL, QUEBEC--(Marketwired - July 12, 2016) - Tom Velan, Chairman of the Board and Chief Executive Officer ("CEO") of Velan Inc. (TSX:VLN) (the "Company"), announced his plan to retire from his CEO position, effective March 1st, 2017. On that date, Yves Leduc, who is currently the President of the Company, will become President and CEO. Tom Velan will continue to be the Chairman of the Board. Yves Leduc will become the first non-Velan family CEO in the history of the family-controlled valve company.

Velan Inc.: Announcement

2016-06-29 marketwired
Velan Inc. (TSX:VLN) today announced that on Tuesday, July 12, 2016, it will release 1st Quarter results ended May 31, 2016.