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Proper Mechanical Commissioning Cuts Whole-Building Energy Use by a Median of 13%, JDI Industrial Services Analysis Finds

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Lawrence Berkeley National Laboratory studied 643 U.S. commercial buildings and found that structured commissioning during new construction pays for itself in under five years. Lawrence Berkeley National Laboratory (LBNL), U.S. Department of Energy — 2009

WESTMINSTER, S.C., June 25, 2026 /PRNewswire/ — JDI Industrial Services has released an analysis of federal and industry research examining one of the most persistent challenges in industrial and commercial construction: integrating new mechanical systems with existing facility infrastructure during turn-key projects.

Drawing on studies from the U.S. Department of Energy, Lawrence Berkeley National Laboratory (LBNL), Pacific Northwest National Laboratory (PNNL), and construction-industry research organizations, the analysis finds that coordination failures and poor system integration create billions of dollars in avoidable costs each year. At the same time, structured commissioning and controls optimization consistently deliver measurable returns through reduced energy consumption, lower rework costs, and improved operational performance.

The findings reveal a striking imbalance between the cost of integration failures and the cost of preventing them. According to the 2018 FMI Corporation and Autodesk Construction Disconnected Report, poor project data and communication account for 52% of all construction rework, resulting in approximately $31.3 billion in rework costs across the U.S. construction industry. The same report estimates that construction professionals spend roughly 35% of their working time, more than 14 hours per week, on non-productive activities such as searching for information, resolving conflicts, and correcting avoidable errors.

For facility owners undertaking turn-key mechanical projects, the implications extend far beyond construction schedules. Mechanical systems operate at the intersection of process requirements, building infrastructure, controls networks, utility services, and safety systems. When integration planning is incomplete, the resulting failures often emerge after equipment installation, when correction costs are highest and operational disruptions become unavoidable.

Mechanical Integration Failures Create Costs Before Systems Go Online

Mechanical integration problems rarely begin with equipment installation. Most originate during project planning, when incomplete documentation, poor coordination among trades, or insufficient understanding of existing facility conditions introduce risks that remain hidden until commissioning or startup.

According to the FMI Corporation and Autodesk Construction Disconnected Report (2018), construction workers spend approximately 35% of their time on non-productive activities, representing an estimated $177.5 billion in annual labor costs across the U.S. construction industry. Much of that lost time stems from locating project information, resolving conflicts between disciplines, and addressing work that must be corrected because of coordination failures.

For mechanical contractors, integration challenges often involve mismatches between new equipment and existing infrastructure. Electrical loads may differ from documented conditions. Building automation systems may require communication protocols that were not identified during design. Existing utility systems may have less available capacity than anticipated. Structural, process, and mechanical requirements may compete for the same physical space.

The analysis finds that these issues frequently appear during late-stage construction because integration planning is treated as a documentation exercise rather than a system-performance exercise. By the time problems become visible in the field, schedule pressure often encourages temporary workarounds rather than permanent solutions.

Industry research suggests that this approach creates a compounding cost effect. Every unresolved integration issue increases the likelihood of downstream rework, startup delays, performance deficiencies, and operational inefficiencies that persist long after construction is complete.

Rework Remains One of the Highest Hidden Costs in Construction

Available research indicates that the financial impact of rework remains significantly underestimated. According to data cited by Autodesk from the Navigant Construction Forum, direct rework costs typically account for between 4% and 6% of total project value. When indirect impacts such as schedule delays, management overhead, productivity losses, and operational disruptions are included, the figure approaches 9% of total project cost.

For a facility modernization project valued at $10 million, indirect and direct rework costs can represent hundreds of thousands of dollars in avoidable expenditures. Mechanical integration failures often contribute disproportionately because they affect interconnected systems rather than isolated components.

A misconfigured control sequence, for example, may require mechanical, electrical, automation, and operational teams to revisit completed work. A poorly coordinated equipment replacement can trigger modifications across multiple disciplines. What appears initially as a localized issue frequently expands into a project-wide coordination challenge.

The analysis concludes that successful turn-key construction depends less on equipment selection and more on the ability to coordinate mechanical systems within the broader operational environment of the facility.

According to a 2018 study by FMI and Autodesk, poor communication and data management are significant drivers of inefficiency in the construction industry. Rework attributable to these issues accounts for 52% of total rework, translating to an annual cost impact of $31.3 billion across the United States. The same study found that non-productive labor consumes 35% of all work hours, representing an annual labor impact of $177.5 billion. Complementing these findings, the Navigant Construction Forum estimates that direct rework costs alone account for 4 to 6% of total project cost, with the broader impact climbing to approximately 9% of project cost once indirect costs are factored in (Navigant Construction Forum; FMI / Autodesk, 2018).

Commissioning Delivers Measurable Performance Improvements

While construction-industry research highlights the cost of integration failures, federal research demonstrates that structured commissioning provides a reliable method for reducing those risks.

A landmark Lawrence Berkeley National Laboratory study published for the U.S. Department of Energy examined 643 commercial buildings across the United States and found that commissioning new-construction facilities produced median whole-building energy savings of 13%. The same study found a median payback period of 4.2 years.

The significance of these findings extends beyond energy efficiency. Commissioning serves as a verification process that confirms systems operate according to design intent while functioning properly within the facility’s existing infrastructure.

During commissioning, project teams validate equipment performance, controls integration, sequence-of-operations logic, system interactions, and operational readiness. Problems that might otherwise remain hidden until occupancy are identified and corrected before they become operational liabilities.

The LBNL analysis also found that commissioning costs represented a relatively small portion of overall project value compared with the performance benefits achieved. This finding reinforces the conclusion that commissioning functions primarily as a risk-reduction investment rather than a project expense.

For facility managers evaluating turn-key projects, commissioning represents one of the few integration safeguards with extensive federal performance data supporting its effectiveness.

Existing Facilities Often Achieve Greater Savings

Integration challenges are not limited to new construction. Existing facilities frequently experience performance degradation as building systems evolve over time through renovations, equipment replacements, and operational changes.

Lawrence Berkeley National Laboratory’s 2013 analysis of existing-building commissioning found median whole-building energy savings of 16%, with savings ranging from 10% to 30%. Notably, approximately 25% of buildings studied achieved energy reductions exceeding 30%. These results suggest that many facilities operate with significant inefficiencies created by integration issues that accumulate gradually and remain undetected during normal operations.

Mechanical systems may continue functioning while operating outside optimal performance parameters. Controls may no longer reflect current occupancy patterns. Equipment schedules may conflict with actual operational requirements. Sensors may provide inaccurate information to automation systems. Because these deficiencies often develop incrementally, they can remain unnoticed for years while increasing operating costs and reducing system reliability.

The analysis finds that commissioning provides a structured process for identifying and correcting these hidden integration failures before they generate larger maintenance or replacement costs.

Building Automation and Retuning Extend Integration Benefits

Mechanical system integration does not end when construction is completed. Long-term performance depends on the ongoing alignment between equipment operation, facility requirements, and building automation systems.

According to Pacific Northwest National Laboratory research conducted through the U.S. Department of Energy’s building retuning program, facilities that optimize controls and correct integration faults typically achieve energy savings ranging from 5% to 25%.

The program reports average energy-cost savings of approximately $0.185 per square foot annually, with simple payback periods ranging from 0.3 to 3.5 years. These findings illustrate the importance of viewing integration as a lifecycle process rather than a construction milestone. Mechanical systems operate within dynamic environments where occupancy patterns, production requirements, utility costs, and operational priorities continually evolve.

Facilities that maintain alignment between automation systems and operational needs tend to preserve performance gains achieved during commissioning. Facilities that neglect optimization frequently experience gradual declines in efficiency and reliability.

The analysis concludes that integration planning should extend beyond project turnover to include long-term performance verification and controls management.

Commissioning Costs Remain a Fraction of Potential Losses

One reason organizations defer commissioning is the perception that it adds unnecessary project costs. Federal research suggests otherwise.

According to research conducted by Lawrence Berkeley National Laboratory and the Building Commissioning Association, funded by the U.S. Department of Energy’s Building Technologies Office, the median commissioning cost for new construction projects declined to approximately $0.82 per square foot by 2018. That figure represents roughly 0.25% of the total construction cost.

When compared against potential rework expenses, operational inefficiencies, startup delays, and energy waste, commissioning costs remain comparatively small. The available evidence indicates that the financial consequences of inadequate integration substantially exceed the cost of implementing structured verification processes.

For facility engineers and project managers, the question therefore shifts from whether commissioning is affordable to whether the risks of skipping commissioning are acceptable.

Methodology

JDI Industrial Services synthesized publicly available findings from the FMI Corporation and Autodesk Construction Disconnected Report (2018), the Navigant Construction Forum as referenced by Autodesk’s 2024 construction-industry statistics analysis, Lawrence Berkeley National Laboratory’s Building Commissioning: A Golden Opportunity for Reducing Energy Costs and Greenhouse-Gas Emissions (2009, reaffirmed by the U.S. Department of Energy in 2018), Lawrence Berkeley National Laboratory’s 2013 existing-building commissioning research, and the Pacific Northwest National Laboratory Building Re-Tuning program. No proprietary survey or original research was conducted. All statistics were drawn from named third-party sources and reflect publicly available information current through June 2026.

Frequently Asked Questions

What does “seamless integration” mean in a turn-key mechanical project?

Seamless integration refers to the successful coordination of new mechanical systems with a facility’s existing infrastructure, utilities, controls, operational processes, and physical constraints. Integration extends beyond equipment installation and includes ensuring that HVAC systems, piping networks, automation controls, electrical systems, safety systems, and operational requirements function together as intended. Federal commissioning studies involving 643 commercial buildings found that projects using structured verification processes achieved median whole-building energy savings of 13%, demonstrating the measurable value of coordinated system integration.

Why do mechanical integration problems show up so often during turn-key construction?

Mechanical integration problems frequently emerge because existing facility conditions differ from assumptions made during planning and design. Construction-industry research from FMI and Autodesk found that 52% of rework originates from poor communication and project data issues. When documentation is incomplete or coordination among disciplines is insufficient, conflicts often remain hidden until installation, testing, or startup reveals them.

What should a turn-key contractor do before construction begins to protect existing systems?

Turn-key contractors should conduct detailed site investigations, verify existing conditions, document utility capacities, review automation-system requirements, identify operational constraints, and establish coordination procedures before construction begins. Early verification reduces the likelihood of downstream rework, which industry research estimates can account for 4% to 6% of project cost directly and approximately 9% when including indirect impacts.

What role does commissioning play in mechanical system integration?

Commissioning functions as the formal verification process that confirms mechanical systems operate according to design intent and integrate properly with existing facility infrastructure. Lawrence Berkeley National Laboratory research found that commissioning new construction projects produced median energy savings of 13% and achieved a median payback period of 4.2 years. Commissioning identifies performance deficiencies before they become operational problems and provides documented validation that systems are functioning correctly.

What questions should facility managers ask a turn-key contractor about integration before signing a contract?

Facility managers should ask contractors how they will verify existing conditions, how they will test control integration, how they will minimize operational disruptions, what commissioning procedures they will use, and how they will validate system performance after installation. Building owners should also request documentation regarding startup procedures, controls optimization, and long-term performance verification. Federal research indicates that structured commissioning and re-tuning programs can deliver energy savings ranging from 5% to 25%, making verification procedures an important indicator of project quality.

About JDI Industrial Services

JDI Industrial Services is a Westminster, South Carolina-based industrial mechanical contractor founded in 1997. The company provides turn-key mechanical construction, maintenance, installation, and industrial services for facility engineers, plant managers, and industrial operators throughout the Southeast. More information is available at https://jdiindustrial.com/service-types/mechanical-contractor/.

Media Contact

Contact: Kevin Nealey
Email: keviCheckn.nealey@jdiindustrial.com
Location: Westminster, SC

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Akemona Launches CapMark™ AI Agent as Part of Its AI Investment Banker Platform

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FULLERTON, Calif., June 25, 2026 /PRNewswire/ — Akemona today announced the launch of CapMark™ AI Agent, an AI-powered product that helps investment banks, asset managers, broker-dealers, and businesses create and organize digital asset offerings for raising funds and issuing tokenized products such as fractionalized stocks, tokenized funds, and options. CapMark AI Agent is available as part of Akemona’s AI Investment Banker for Digital Assets platform, which Akemona provides to financial institutions and businesses as a white-label subscription service.

The launch of CapMark AI Agent arrives amid significant regulatory and market momentum. The SEC is currently advancing a landmark shift for tokenization by exploring an Innovation Exemption—including the proposed repeal of core Regulation NMS rules—to permit third parties to tokenize U.S. stocks without issuer approval, paving the way for 24/7 global trading on blockchain rails. This regulatory tailwind aligns with massive existing demand. According to CoinMarketCap data, the market capitalization for tokenized stocks already exceeds $6.4 billion.

CapMark AI Agent automates the offering creation process, including issuer due diligence, offering structure analysis, regulatory document preparation, bookbuilding, and workflow coordination. CapMark is the AI automation engine of the Akemona platform, which includes Akemona’s Tokenization Cloud, Issuer Hub, Investor Portal, Admin Console, Escrow Manager, and OnchainTA digital transfer agent. It enables businesses and financial institutions to create, launch, manage, and service digital asset offerings through one integrated system.

The launch of CapMark AI Agent reflects Akemona’s strategy of integrating artificial intelligence and digital asset infrastructure to modernize capital markets. Traditional investment banking processes remain manual and costly, with fragmented workflows across attorneys, lead managers, underwriters, and compliance teams. CapMark AI Agent is built to reduce these inefficiencies by bringing intelligent reasoning, step-by-step workflow automation, and compliant outreach into one digital asset offering platform.

Alex de Lorraine, Chief Executive Officer of Akemona, said, “CapMark AI Agent represents an important step toward the automation of investment banking functions for the digital asset economy. Financial institutions are looking for tools that reduce manual work, improve consistency, and help them launch compliant digital asset products to market faster. With CapMark, Akemona provides institutions and businesses with an AI-powered system that supports offering creation—from the earliest structuring stage through investor-ready documentation—to raise funds and launch tokenized financial products.”

CapMark AI Agent is powered by leading foundational AI models integrated with Akemona’s Tokenization Cloud, which provides the infrastructure layer for digital asset issuance, investor workflows, compliance controls, escrow services, and digital asset lifecycle management. By combining CapMark AI Agent with Akemona’s existing applications, including Issuer Hub, Investor Portal, Admin Console, Escrow Manager, and OnchainTA, financial institutions and businesses can use one platform to create, launch, manage, and service digital asset offerings.

A key strength of the Akemona platform is its ability to use publicly available AI models and blockchains while ensuring the privacy of relevant and privileged information. It achieves this by removing chat logs after 30 days and ensuring no personal information is maintained on the blockchain. Furthermore, the Akemona platform works with private blockchains, anonymizing and obfuscating privileged information whenever it communicates with public systems. Information in its off-chain databases is maintained for six years to ensure compliance with SEC regulations.

Ravi Srivastava, Chief Product Officer of Akemona, explained, “CapMark AI Agent helps one person create and organize a digital asset offering end-to-end, while keeping the process structured and auditable. Our goal is to make digital asset offering creation more efficient for investment banks, asset managers, and businesses.”

CapMark AI Agent assists financial institutions and businesses with evaluating different structuring options for digital asset offerings, preparing market-ready materials, and coordinating the launch process. It is designed to support regulated capital markets use cases, including fundraising, tokenized securities, tokenized funds, real-world assets, stablecoin-enabled settlement, and other blockchain-native financial products.

Brady Matthews, Chief Technology Officer of Akemona, added, “CapMark AI Agent is built on Akemona’s deep experience in tokenization, smart contracts, regulatory workflows, and digital asset lifecycle management. By connecting AI-driven offering automation with our Tokenization Cloud, we are creating a powerful foundation for institutions that want to build digital asset products with security, configurability, and compliance in mind.”

Akemona believes capital markets infrastructure is entering a new phase. The pipes of capital markets are gradually being rewired with blockchain-based digital rails, while artificial intelligence is creating the opportunity to automate due diligence, underwriting, offering creation, bookbuilding, subscriptions, and post-subscription services. CapMark AI Agent is the first step in Akemona’s larger vision of building an AI Investment Banking Platform for programmable digital assets.

This vision points toward what Akemona calls Autonomous Wall Street—a future in which digital asset offerings can be created, launched, managed, and serviced through AI-driven, regulation-compliant infrastructure. As tokenization expands across securities, funds, structured products, commodities, real-world assets, and stablecoin-based settlement, Akemona is building the technology foundation for autonomous capital markets.

Media Contact
Email: info@akemona.com

About Akemona
Akemona is a fintech company focused on creating secure, regulation-compliant, and scalable digital asset infrastructure with AI-automated workflows for capital markets. Its comprehensive suite—including Tokenization Cloud, CapMark AI Agent, Issuer Hub, Investor Portal, Admin Console, Escrow Manager, and OnchainTA—enables financial institutions and businesses to efficiently create, manage, and service digital assets to raise funds and introduce new products with confidence. Akemona is pioneering the convergence of tokenization and artificial intelligence to power the next generation of regulated financial markets.

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SOURCE Akemona, Inc.

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Marquis Who’s Who Honors Michael J. Lawless for Expertise in Digital Growth

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UNIONDALE, N.Y., June 25, 2026 /PRNewswire/ — Marquis Who’s Who honors Michael J. Lawless for his work as a partner and managing director at Alvarez & Marsal. With more than 30 years of experience in consulting, business strategy and digital transformation, Mr. Lawless helps organizations across industries discover new revenue streams through technology.

Data-Driven Business Solutions

Mr. Lawless leads as senior director at A&Mplify, Alvarez & Marsal’s Washington-based digital agency. In his position, he focuses on helping businesses strengthen revenue growth, improve customer engagement and create new value through data-driven solutions.

Artificial intelligence (AI) has become a primary driver in consulting and business strategy. As a result, AI is the power behind A&Mplify. “I’m focused on growth and revenue, so I view AI and agentic approaches as more than tools for immediate cost savings, like replacing people with bots that cut expenses. I see them as a whole new set of capabilities,” Mr. Lawless says. The technology enables companies to expand options and pursue growth opportunities during economic uncertainty.

Moreover, Mr. Lawless views AI as a productivity multiplier that helps teams test and execute ideas more efficiently. “AI significantly shortens processes and allows your existing team to be more productive,” he says. “That’s how you extract value from AI.”

A Career Spanning Across Industries

Before joining Alvarez & Marsal in 2021, Mr. Lawless spent more than a decade working for Accenture. There, he served as managing director and design lead at Accenture Interactive and later as managing director of the digital studio at Accenture Federal Services. He began his career at Coca-Cola North America in 1989 and later worked in leadership positions at AOL and SunEdison.

Across these roles, Mr. Lawless guided teams in launching new products and services, managing profit and loss responsibilities and designing customer-focused strategies. His career includes significant work with consumer analytics, large-scale solution design and marketing strategy.

Strategic Partnership Development

Mr. Lawless is currently advancing a collaboration with an SI (Systems Integrator). The aim is to build growth strategies and revenue opportunities for client organizations. The partnership pairs his team’s expertise in business case development with the integrator’s technical capabilities in custom software development and technology implementation.

Rising interest rates, higher capital costs and shifting policies create challenges and opportunities during market volatility. Financially stable companies can benefit by making smart investments. Mr. Lawless explores how commercial, nonprofit and government organizations manage disruption and adapt to these changing circumstances. “All of this ties into my focus on generating new revenue streams and navigating growth amid these challenges,” he says.

Advanced Business Expertise

Mr. Lawless earned a bachelor’s degree in government from the University of Virginia and a Master of Business Administration in marketing and international business from Emory University’s Goizueta Business School. He is also a member of Beta Gamma Sigma and Phi Pi Theta honor societies.

Among his professional highlights, Mr. Lawless cites his work with the U.S. Marshals Service. In that capacity, he helped develop large-scale frameworks to support the agency’s operations. He also created systems to improve consumer analytics. This development enabled organizations to better understand customer behavior and strengthen their decision-making.

Mentorship, Volunteer Work and Client Outcomes

Outside of his professional commitments, Mr. Lawless served as a board member and mentor for the Cappies of the National Capital Area for more than 10 years. It’s an initiative that supports young people in the arts. He also volunteered for Odyssey of the Mind for nearly a decade by encouraging creative problem-solving among students. In his personal life, he’s the father of two children.

In the next five years, Mr. Lawless intends to expand the potential of A&Mplify. His vision is to combine corporate restructuring and growth strategies to help clients position themselves for success during economic instability. By identifying stable organizations ready to invest, he seeks to drive measurable outcomes that create lasting business value.

About Marquis Who’s Who®:
Since 1899, when A. N. Marquis printed the First Edition of Who’s Who in America®, Marquis Who’s Who® has chronicled the lives of the most accomplished individuals and innovators from every significant field, including politics, business, medicine, law, education, art, religion and entertainment. Who’s Who in America® remains an essential biographical source for thousands of researchers, journalists, librarians and executive search firms worldwide. The suite of Marquis® publications can be viewed at the official Marquis Who’s Who® website, www.marquiswhoswho.com.

Marquis Who’s Who
Uniondale, NY
(844) 394 – 6946
info@marquiswhoswho.com
www.marquiswhoswho.com

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Crown Capital Announces Agreement to Sell Galaxy Broadband Communications to Calian

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CALGARY, AB, June 25, 2026 /CNW/ – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced that it has entered into a share purchase agreement (the “Galaxy Transaction”) to sell all of the issued and outstanding shares of its subsidiary, Galaxy Broadband Communications Inc. (“Galaxy”), to Calian Group Ltd. (TSX: CGY) (“Calian”). Galaxy is a Canadian leader in satellite communications and remote connectivity solutions. Completion of the Galaxy Transaction is subject to the satisfaction of certain conditions, including the approval of the holders of Crown’s outstanding 12% Senior Secured Debentures (TSX: CRWN.NT) (the “Debentureholders”), as described below.

Transaction Terms

Under the terms of the share purchase agreement, total consideration payable to Crown and its subsidiaries is up to $51.5 million, comprised of:

$24.0 million payable in cash at closing, subject to a 1 year, 10% holdback to deal with post closing adjustments if any; andup to an additional $27.5 million in consideration payable over the three years following closing subject to the financial performance of Galaxy.

The Galaxy Transaction is expected to close in August 2026, subject to the satisfaction or waiver of customary closing conditions and the approval of Crown’s Debentureholders. There can be no assurance that the Galaxy Transaction will be completed on the terms described herein, or at all.

About Galaxy Broadband

Founded by Rick Hodgkinson, one of Canada’s satellite pioneers, Galaxy Broadband delivers secure and resilient communications and connectivity solutions to government, defense, critical infrastructure and remote community customers across Canada. Galaxy is a recognized provider of low Earth orbit (LEO) satellite, private wireless and multi-orbit connectivity solutions, supporting organizations operating in some of Canada’s most remote and challenging environments, including Northern Canada.

Management Commentary

“The sale of Galaxy Broadband to Calian represents an important step in our previously announced strategy to realize value from Crown’s assets and strengthen the Corporation’s financial position,” said Chris Johnson, President and Chief Executive Officer of Crown. “Calian is a strong, well-capitalized acquirer whose space and defense focus is an excellent fit for Galaxy’s team, customers and capabilities. We believe this transaction delivers a compelling outcome for our stakeholders, and we look forward to seeking the support of our Debentureholders as we move toward completion.”

Debentureholder Approval and Meeting

Completion of the Galaxy Transaction is conditional upon, among other things, the approval of Crown’s Debentureholders. Crown intends to seek that approval at a meeting of Debentureholders (the “Meeting”) to be called for that purpose.

In connection with the Meeting, Crown intends to prepare and file a management information circular (the “Circular”) containing details of the Galaxy Transaction and the matters to be considered at the Meeting. Crown expects to file and mail the Circular in the coming days, with the Meeting expected to be held by the end of August 2026. Further details regarding the Meeting, including the record date and voting procedures, will be set out in the Circular and accompanying materials when they are made available. This news release does not constitute a solicitation of any vote or approval.

Use of Proceeds

Crown intends to apply the net proceeds of the Galaxy Transaction to the repayment of its senior credit facility and senior subordinated debentures, to pay the interest which was due on December 31, 2025 on its Debentures, and to fund other obligations of the Corporation. The additional consideration payable in future years, together with activities to maximize the value of remaining assets, is expected to provide liquidity to satisfy other obligations of the Corporation and to realize value for shareholders.

FORWARD-LOOKING STATEMENTS

This news release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding the expected timing and completion of the Galaxy Transaction, the receipt of Debentureholder approval, regulatory and other approvals, the timing for filing and mailing of the Circular and holding of the Meeting, the amount and timing of consideration to be received, the use of proceeds, and the Corporation’s strategy, liquidity and restructuring objectives. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown’s periodic filings with Canadian securities regulators. See Crown’s most recent annual information form for a detailed discussion of the risk factors affecting Crown. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

SOURCE Crown Capital Partners Inc.

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