Connect with us

Technology

QSL to drive further growth with iCON and CDPQ as new shareholders

Published

on

QUÉBEC, Feb. 23, 2024 /CNW/ – QSL International Ltd. (“QSL”) is pleased to announce the arrival of new shareholders: funds advised by iCON Infrastructure LLP (“iCON”), CDPQ and the QSL management shareholders already active in the company’s capital. iCON is a long-term investor focused on infrastructure businesses in Europe and North America. CDPQ is a global investment group which is already active in the company’s capital structure.

QSL will remain headquartered in Québec and the company will continue to be led by the current executive leadership team. iCON and CDPQ are supportive of QSL’s growth strategy, including investing in new projects, particularly in Québec.

The transaction is anticipated to close in mid-2024. Upon completion of the transaction, Denis Dupuis, QSL’s founder, will be stepping down from the company.

Denis Dupuis, Founder of QSL
“I began this business in 1978 with $10,000 cash, a personal loan from my mother. My vision was to build a major company, anchored in the city of Québec, that would set the standard for maritime logistics through impeccable service, strategic development and lasting partnerships. Within just over 40 years, QSL has forged an enviable reputation and stands out for the clear promise it has made: to support the tailor-made success of our clients. Now the time has come to hand over the reins with a sense of accomplishment, confident that the future is in good hands and that my dream will continue. 

I am proud of what we have accomplished at QSL, grateful for the confidence shown in the company by credible and ambitious partners and enthusiastic about seeing the current management team steer the company toward what promises to be a stimulating future”.

Robert Bellisle, President and Chief Executive Officer of QSL
“I’d like to acknowledge Denis Dupuis’ visionary leadership. He has shown remarkable vision and, over the past few years, has rigorously prepared QSL for further growth by putting in place a strong management team ready to take over and lead the organization to even greater heights in the future. We are grateful for his tremendous contribution to the company and the industry.

For our employees, clients and partners, this announcement heralds a new era of development, exciting projects and innovation, as we work together to meet the challenges of tomorrow. This marks a new era that will ensure sustainable growth for the organization, give it the means to achieve its ambitions and, above all, offer stimulating prospects for our people to dream even bigger!”

Kristoff Torfs, Partner at iCON
“The team at iCON is proud to include QSL within our portfolio of high-quality businesses in the ports and terminals sectors. We are also delighted to welcome another high-quality Canadian business into our portfolio, in addition to our current investments in Capstone Infrastructure and Vista Services.

Working in partnership with the QSL management team and CDPQ, we see great opportunity to consolidate the company’s position as a Québec champion in the ports and logistics sectors and grow the QSL business across North America“.

Kim Thomassin, Executive Vice-President and Head of Québec at CDPQ
“CDPQ has been supporting QSL’s development in the form of loans since 2021. Through this initial introduction, we were able to get to know the company and see its major impact on the logistics chain. We are proud to take an equity stake today, which will enable us to keep the assets and talent here, alongside an experienced partner in the maritime sector. Working together, we will enable QSL to pursue an ambitious growth plan, in which Québec will remain the hub”. 

About QSL
QSL is a North American port terminal and logistics operator headquartered in Québec, with a portfolio of 64 multi-purpose cargo terminals across Canada and the US. The business provides stevedoring services, tailor-made and innovative cargo handling solutions, transportation and marine services to its customers.

QSL’s socio-economic footprint is impressive, with over 2,000 employees across its activities. QSL is a Gold Standard winner of the Best Managed Companies in Canada. All of its port terminals are certified under the Green Marine program and in 2021, QSL became the first maritime company in Canada to join the United Nations Global Compact. In 2023, a significant portion of its activities obtained the ISO 14001 (environment) and ISO 45001 (health and safety) certifications. Today, this pursuit of excellence continues, among other things, through the implementation of these certifications across all of its activities. www.qsl.com

About iCON
iCON is an award-winning, independent investment firm advising funds with $8 billion of capital. iCON focuses on making long-term equity investments in private, mid-market, infrastructure businesses located in Europe and North America. iCON’s affiliated funds have successfully invested in a diversified portfolio of 48 businesses spanning a range of infrastructure sectors including transport, utilities, telecoms, energy & environment and social infrastructure. Investors in iCON’s funds comprise blue-chip institutions across North America, Europe, the Middle East and Asia. For more information, visit www.iconinfrastructure.com 

About CDPQ
CDPQ invests constructively to generate sustainable returns over the long term. As a global investment group managing funds for public pension and insurance plans, CDPQ works alongside its partners to build enterprises that drive performance and progress. CDPQ is active in the major financial markets, private equity, infrastructure, real estate and private debt. As at December 31, 2023, CDPQ’s net assets totalled CAD 434 billion. For more information, visit www.cdpq.com, consult our LinkedIn or Instagram pages, or follow us on X. CDPQ is a registered trademark owned by Caisse de dépôt et placement du Québec and licensed for use by its subsidiaries. 

Advisers
National Bank Financial acted as financial advisors and McCarthy Tetrault acted as legal advisors to QSL and Denis Dupuis in respect of the transaction.

CIBC Capital Markets acted as financial advisors and Osler, Hoskin & Harcourt LLP acted as legal advisors to iCON in respect of the transaction.

Scotiabank acted as financial advisors and Norton Rose Fulbright acted as legal advisors to CDPQ in respect of the transaction.

SOURCE QSL

Continue Reading

Technology

Krelva Accepted Into the HBS Foundry Bootcamp at Harvard Business School

Published

on

By

Foster Britton spent four years learning to trade. Jerry Klamm grew a website to $100,000 a month in high school. Their bootstrapped, pre-launch company, Krelva, joins the new program in October and opens Krelva Meet, small live rooms where day traders trade the market together at their respective skill levels.

BUFFALO, N.Y., Sept. 12, 2026 /PRNewswire-PRWeb/ — Krelva, a bootstrapped, pre-launch Buffalo company built for futures day traders, has been accepted into the HBS Foundry Bootcamp at Harvard Business School, a new online program for founders working toward their first check. Foster Britton started trading in 10th grade, at 15, before settling on futures trading. Jerry Klamm, 19, built Geometry Spot at 16, grew it to more than 175 million pageviews and $100,000 a month in revenue before he finished high school, and left the University at Buffalo to run Krelva full time.

“Krelva Meet is the room I wish I had at 15.” Foster Britton, co-founder, Krelva

Krelva exists because of how hard Britton’s first four years were. Trading is highly complex, the internet is full of people teaching it, and most of what a beginner finds is confusing, contradictory, or sold by someone with something to sell. The question is never whether there is enough information. It is where to start and who to listen to.

“I started trading in 10th grade, in forex before anything else, and it took me four years to get it right,” Britton said. “It was not that the charts were hard. It was that there is so much online, most of it is confusing, and there is no way to know where to start or who to listen to.”

Today Krelva has two things. The first is a free beginner course that shows people where to start; it teaches the basics without promising anyone a payday. The second is Krelva Meet, which opens in October at $50 a month with a 14-day free trial: a new way to trade Nasdaq-100 and S&P 500 futures, not alone and not in a crowd of strangers, but in a small live room with people at your own verified level.

Krelva Meet started with a frustration anyone who has spent time in a trading Discord will recognize. People post their results, and some of those results are real. Screenshots are easy to fake, a few prop firms now issue verified payout cards, and none of it tells a beginner whether the person answering their question is actually where they say they are. So the beginner guesses, and the loudest voice usually wins.

Krelva Meet checks. Every trader has a level that Krelva verifies before they enter a room, and the company is building direct brokerage verification so the check happens automatically. Rooms are built from traders at the same level. Someone who has never passed a prop firm evaluation sits with others who have not either. Pass one, and you move up to rooms with traders who have passed. Get paid out, and you move up again. Alongside the rooms, Krelva is launching a rating: simple, earned over time, and moved by how you answer questions during the session rather than by what you claim. Rooms are not a signal service and tell no one what to buy or sell. They are about the process: reading the market before the open, talking it through with people at your level, and finding out afterward where and why you were right or wrong.

Krelva does not claim to make anyone a better trader faster. It is trying to give people a place to start.

“Krelva Meet is the room I wish I had at 15,” Britton said.

The HBS Foundry Bootcamp at Harvard Business School has drawn attention since its launch for its $699 price and its format, which from Krelva’s understanding pairs weekly live sessions with HBS faculty and guests with AI versions of those same professors, built to push back on weak ideas.

“I’m interested in this new program at Harvard Business School. I think using AI tools to learn is the future, but I’m curious to see how Harvard does it and if it actually works,” Klamm said. “I like that it says the AI professors are built to challenge weak ideas, so I’m going to push it to the limit and see how it performs compared to a real professor.”

The waitlist for Krelva Meet is open now at https://krelva.com.

“Most traders look at the chart at 9:30 every morning by themselves. There are thousands of other traders just like you,” Klamm said. “Why would you trade alone if you could trade with a group you trust? That is the whole idea.”

About Krelva

Krelva is a Buffalo, New York company built for futures day traders. Its free beginner course, built by co-founder Foster Britton, teaches the basics of trading. Its paid product, Krelva Meet, puts traders in small live rooms with other traders at the same verified level to trade Nasdaq-100 and S&P 500 futures together, for $50 a month with a 14-day free trial. Krelva was founded in 2026 by Jerry Klamm and Foster Britton. Learn more at https://krelva.com.

Media Contact

Jerry Klamm, Krelva, 1 716-261-7634, info@krelva.com, https://krelva.com/

View original content to download multimedia:https://www.prweb.com/releases/krelva-accepted-into-the-hbs-foundry-bootcamp-at-harvard-business-school-302876118.html

SOURCE Krelva

Continue Reading

Technology

Larry Ellison Cancels His Plan to Sell Oracle Stock

Published

on

By

AUSTIN, Texas, Sept. 12, 2026 /PRNewswire/ — Oracle Corporation (NYSE: ORCL) today announced that Larry Ellison, Executive Chair of the Board and Chief Technology Officer, has cancelled his 10b5-1 Plan to sell Oracle stock. No Oracle stock was sold under that plan, and he has no other plans to sell any of his Oracle stock.

About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.

Trademarks
Oracle, Java, MySQL, and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.

“Safe Harbor” Statement: Statements in this press release relating to future plans, expectations, beliefs, intentions and prospects, are “forward-looking statements” and are subject to material risks and uncertainties. A detailed discussion of risks that affect our business is contained in our SEC filings, including our most recent reports on Form 10-K and Form 10-Q, particularly under the heading “Risk Factors.” Copies of these filings are available online from the SEC or by contacting Oracle’s Investor Relations Department at (650) 506-4073 or by clicking on SEC Filings on the Oracle Investor Relations website at www.oracle.com/investor/. All information set forth in this press release is current as of September 12, 2026. Oracle undertakes no duty to update any statement in light of new information or future events.

View original content to download multimedia:https://www.prnewswire.com/news-releases/larry-ellison-cancels-his-plan-to-sell-oracle-stock-302876875.html

SOURCE Oracle

Continue Reading

Technology

CBE’s 233 MW Kamoa Project Comes Online with AIKO ABC Modules

Published

on

By

YIWU, China, Sept. 12, 2026 /PRNewswire/ — CrossBoundary Energy’s (CBE) 233 MW Kamoa solar project in the Democratic Republic of the Congo (DRC) has achieved full-capacity grid connection and entered commercial operation. Completed just 16 months after the power purchase agreement was signed, the project sets a new delivery benchmark for large-scale solar in Africa.

Powered by AIKO’s high-efficiency ABC modules, Kamoa is Africa’s first project to provide round-the-clock baseload power entirely through an integrated solar-plus-storage system. It offers a replicable clean energy solution for mining operations seeking both reliable power and lower carbon emissions.

The project is located next to the Kamoa-Kakula Copper Complex, one of the world’s largest copper mining operations. Remote mines across Africa have traditionally relied on diesel generators to sustain continuous production, leaving operators exposed to fuel-price volatility and increasing carbon-related compliance costs.

Kamoa uses approximately 360,000 AIKO 655 W dual-glass modules in the 66-cell format. With a mass-production efficiency of 24.2%, each module delivers 30 W more power than comparable products of the same format. Their superior temperature coefficient and hotspot suppression performance also support stable generation and system safety under the mine’s hot, high-irradiance conditions.

By combining lower levelized cost of energy with reliable round-the-clock supply, the project replaces conventional diesel generation, reduces energy-price risk and lowers the carbon footprint of Kamoa’s copper production. This strengthens the competitiveness of its products as carbon requirements tighten in international markets.

Over its 30-year lifecycle, Kamoa is expected to generate 7.8 billion kWh of electricity and avoid approximately 78,800 tonnes of carbon emissions annually. As the DRC diversifies beyond its hydropower-dominated energy mix, the project provides a valuable model for integrating renewable power with mining across Africa.

The successful delivery of Kamoa further strengthens AIKO’s position in Africa’s fast-growing solar market. AIKO will continue to advance the global energy transition through high-efficiency technology and long-term value creation.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/cbes-233-mw-kamoa-project-comes-online-with-aiko-abc-modules-302876862.html

Continue Reading

Trending