Technology

Canada has outlined a national strategy to secure digital sovereignty and expand AI adoption. In speeches delivered in Montreal and Toronto, Minister Evan Solomon emphasized the risks of foreign jurisdiction over Canadian data and the need for sovereign compute infrastructure. The plan is structured around three pillars: capital, customers, and compute, with government procurement supporting domestic AI champions such as Cohere. Additional priorities include updating data privacy laws, strengthening trust, and retaining research talent. A 30-day AI Task Force will accelerate policy development, with a full national strategy expected by year-end. [more]

eResearch has initiated coverage on Turnium Technology Group (TTGI), a Canadian IT solutions company focused on delivering secure, scalable Technology-as-a-Service (TaaS) offerings to SMEs via global channel partners. TTGI operates through three integrated solution groups TNSI, Tenacious Networks (TNET), and Claratti. The report covers its evolving business model, recent financial results, and valuation framework. With multi-year SME contracts and a growing recurring revenue base, TTGI is positioned for margin expansion and international growth. Our 61-page report includes a detailed financial valuation and an investment thesis. We are initiating coverage with a Speculative Buy rating and a $0.25 target. [more]

Edgewater Wireless Systems (TSXV: YFI) developed Spectrum Slicing technology to address growing Wi-Fi congestion caused by the proliferation of connected devices. Its patented approach splits a single Wi-Fi channel into multiple streams, improving capacity, latency, and performance. Backed by successful pilots and strategic partnerships, Edgewater is releasing its next-generation solution and scaling production of its MLX 488 chip, integrating AI to optimize traffic. The Company’s IP value is estimated between $90 to $180 million, far above its current market cap. Positioned as a fabless semiconductor innovator, Edgewater is targeting enterprise, residential, and IIoT markets as Wi-Fi demands increase globally. [more]

Ontario has begun construction on Canada’s first small modular reactor (SMR), a $20.9B project led by Ontario Power Generation at its Darlington site. The build includes four GE Hitachi BWRX-300 units, with the first scheduled to come online in 2030. The SMRs aim to meet Ontario’s rising electricity demand and provide a case study for global nuclear investment. The government projects $38.5B in long-term GDP contribution and over 18,000 jobs. Execution risks remain, but Ontario is positioning itself as a nuclear leader. [more]

We have written a 9-page Update Report on DATA Communications Management (DCM) after it announced preliminary fiscal 2024 financial results, with revenue expected between $478M and $480M, slightly below prior estimates. Adjusted EBITDA is projected at $62M to $64M, in line with expectations. The Company also introduced a dividend program, including a special dividend of $0.20 per share and a regular quarterly dividend of $0.025 per share. Revenue was impacted by project timing shifts, the exit from low-margin accounts, and the Canada Post strike, but cost efficiencies from the Moore Canada Corporation integration supported profitability. Final results will be released on March 12, 2025. [more]

Turnium Technology Group (TSXV: TTGI | FSE: E48) has announced a next-generation Universal Edge Device integrating AI-driven dynamic traffic steering and Post Quantum Cryptography (PQC). The device is designed to enhance SD-WAN performance, providing nearly 10x faster data throughput on consumer chips and 13x faster on enterprise chips. It supports up to 100,000 nodes per management server and includes biometric security and remote management. The initiative aligns with Turnium’s Technology-as-a-Service (TaaS) strategy, following its acquisition of Claratti. The new device strengthens Turnium’s market position in SD-WAN and cybersecurity solutions. [more]

Honda and Nissan plan to merge by 2026 to form the world’s third-largest automaker. The merger will create a new holding company, consolidating operations to enhance efficiency, reduce costs, and accelerate innovation in electric vehicles (EVs) and autonomous technology. The combined entity is expected to generate $238.9 billion in annual sales with an enterprise value of $138 billion. Mitsubishi Motors, a Nissan partner, may join the merger, broadening the company’s global reach and technological capabilities. This move comes amidst rising competition from Chinese EV makers and Tesla. Key challenges include integration complexities and overcoming market hurdles in China and the US. [more]

We have written a 16-page Update Report on DATA Communications Management (DCM) after it released its Q3/2024 financials. DCM is a Canadian-based communications, DAM, marketing, MarTech, and social media analytics solutions provider. Revenue increased 14.5% YTD driven by the Moore Canada Corporation (MCC) acquisition. Despite a 11.4% decline in quarterly revenue due to reduced client spending and strategic account exits, DCM continued to focus on operational efficiencies and cost reductions. Adjusted EBITDA rose 6.6% Y/Y to $12.6 million, supported by MCC synergies and restructuring efforts. The company launched ASMBL and acquired Zavy Limited to expand tech-enabled solutions. DCM remains optimistic about revenue recovery and targets an improved EBITDA margin of over 14% in the coming quarters. [more]