GlobeNewswire: Northern Power Systems Corp. Contains the last 10 of 18 releaseshttp://www.globenewswire.com/External?Length=42024-03-28T10:14:09ZGlobeNewswirehttp://www.globenewswire.com/External?Length=4newsdesk@globenewswire.com (NewsDesk)https://www.globenewswire.com/news-release/2019/04/30/1813181/0/en/Northern-Power-Systems-Corp-Announces-Disposition-of-Its-US-Service-Business-and-Board-Resignation.html?f=22&fvtc=4&fvtv=33666Northern Power Systems Corp. Announces Disposition of Its US Service Business and Board Resignation2019-04-30T21:15:00Z<![CDATA[BARRE, Vt., April 30, 2019 (GLOBE NEWSWIRE) -- On April 30, 2019, Northern Power Systems Corp (“Northern” or the “Company”) through its wholly owned subsidiary, Northern Power Systems, Inc. (“NPS”), executed an Asset Purchase Agreement with Erie Renewables, Inc. (“Erie”) pursuant to which Erie acquired the assets relating to NPS’s US Service Business. At closing, (i) Erie hired two (2) NPS employees and (ii) NPS received proceeds of approximately $230,000, subject to transactional off-sets of $123,709.35. In connection with this transaction, NPS made a payment to Comerica of $106,290.65 leaving an aggregate amount of $193,709.35 due and payable to Comerica by NPS under that certain Amended and Restated Loan and Security Agreement by and between NPS and Comerica dated December 31, 2013 and as amended (“Loan”). The Company is a guarantor of NPS’s obligations under the Loan.]]>https://www.globenewswire.com/news-release/2019/03/12/1752204/0/en/Northern-Power-Announces-Board-Resignations.html?f=22&fvtc=4&fvtv=33666Northern Power Announces Board Resignations2019-03-12T21:15:00Z<![CDATA[BARRE, Vt., March 12, 2019 (GLOBE NEWSWIRE) -- Northern Power Systems Corp. (“Northern” or “Company”), a distributed wind company, today announced that John Simon and Kevin Kopczynski, each a member of the Board of Directors (the “Board”) of Northern Power Systems Corp., provided the Board with a notice of his resignation from the Board, effective February 23, 2019.]]>https://www.globenewswire.com/news-release/2019/02/22/1740258/0/en/Northern-Power-Announces-Board-Resignation.html?f=22&fvtc=4&fvtv=33666Northern Power Announces Board Resignation2019-02-22T13:00:00Z<![CDATA[BARRE, Vt., Feb. 22, 2019 (GLOBE NEWSWIRE) -- Northern Power Systems Corp. (“Northern” or “Company”), a distributed wind company, today announced Alexander “Hap” Ellis, III has resigned from the Board of Directors of the Company (“Board”), effective February 19, 2019. The Board will initiate a process to identify new directors to fill recent vacancies on the Board.]]>https://www.globenewswire.com/news-release/2019/02/12/1724229/0/en/Northern-Power-Systems-Corp-Announces-Disposition-of-Its-Energy-Storage-Business-and-Management-Changes.html?f=22&fvtc=4&fvtv=33666Northern Power Systems Corp. Announces Disposition of Its Energy Storage Business and Management Changes2019-02-12T22:10:00Z<![CDATA[BARRE, Vt., Feb. 12, 2019 (GLOBE NEWSWIRE) -- Northern Power Systems Corp. (“Northern” or “Company”), a distributed wind company, today announced that on February 11, 2019, the Company effected the disposition of the Company’s energy storage business, including Northern’s energy storage project pipeline and related intellectual property, to WEG Electric Corp (“WEG”). At closing, (i) NPS received proceeds of approximately $1,100,000 and (ii) WEG hired eight (8) energy storage focused employees from Northern. Despite the sale of its NPS’s energy storage assets, the Company continues focus on its distributed wind business and intends to market and sell its distributed wind turbines in the in a variety of markets including Italy, the United States, Canada, the Caribbean, the United Kingdom and Germany.]]>https://www.globenewswire.com/news-release/2018/10/24/1626686/0/en/Northern-Power-Systems-Corp-Announces-TSX-Delisting.html?f=22&fvtc=4&fvtv=33666Northern Power Systems Corp. Announces TSX Delisting 2018-10-24T21:10:00Z<![CDATA[BARRE, Vt., Oct. 24, 2018 (GLOBE NEWSWIRE) -- Northern Power Systems Corp. (the “Company”), a next generation renewable energy and energy storage technology company, today announced that on October 22, 2018, in accordance with previously disclosed information on a Form 8-K filed with the U.S. Securities and Exchange Commission on September 21, 2018, the Toronto Stock Exchange (“TSX”) delisted the Company’s securities from the TSX, effective October 22, 2018, for failure to comply with the TSX continued listing requirements.]]>https://www.globenewswire.com/news-release/2018/09/21/1574546/0/en/Northern-Power-Systems-Corp-Announces-Effective-Date-of-TSX-Delisting.html?f=22&fvtc=4&fvtv=33666Northern Power Systems Corp. Announces Effective Date of TSX Delisting2018-09-21T21:20:00Z<![CDATA[BARRE, Vt., Sept. 21, 2018 (GLOBE NEWSWIRE) -- Northern Power Systems Corp. (TSX: NPS) (the “Company”), a next generation renewable energy and energy storage technology company, today announced that on September 20, 2018 the Company received a letter from the Toronto Stock Exchange (“TSX”) notifying the Company that the TSX has determined to delist the Company’s securities, effective October 22, 2018. TSX imposed the delisting for the failure of the Company to meet certain continued listing requirements of TSX. The TSX identified several deficiencies regarding the Company’s compliance with the TSX continued listing requirements, including the fact that (i) in the opinion of TSX, it is questionable as to whether the Company will be able to continue as a going concern, (ii) the market value of the Company’s listed securities has been less than $3.0 million for the 30 previous consecutive trading days and (iii) market value of the Company’s publicly held listed securities has been less than $2.0 million for the 30 previous consecutive trading days.]]>https://www.globenewswire.com/news-release/2018/08/16/1553297/0/en/Northern-Power-Systems-Reports-Second-Quarter-2018-Results.html?f=22&fvtc=4&fvtv=33666Northern Power Systems Reports Second Quarter 2018 Results2018-08-16T21:20:00Z<![CDATA[Business Highlights:]]>https://www.globenewswire.com/news-release/2018/08/07/1548559/0/en/Northern-Power-Shuffles-Management-and-Announces-a-Resignation-from-the-Board-of-Directors.html?f=22&fvtc=4&fvtv=33666Northern Power Shuffles Management and Announces a Resignation from the Board of Directors2018-08-07T21:20:00Z<![CDATA[BARRE, Vt., Aug. 07, 2018 (GLOBE NEWSWIRE) -- On August 7, 2018, Northern Power Systems Corp ("Northern" or the “Company”) (TSX:NPS) announced that Ciel R. Caldwell, the Company’s President and Chief Operating Officer and current interim Chief Financial Officer, announced her intention to resign as President and Chief Operating Officer of Northern, effective immediately, but indicated she would remain with the Company to focus exclusively on carrying out her role and responsibilities as Chief Financial Officer of the Company. In connection with Ms. Caldwell’s resignation as the Company’s President and Chief Operating Officer, Ms. Caldwell, on August 7, 2018, provided the Company with notice of her resignation from the Company's Board of Directors, effective immediately. Ms. Caldwell has served on the Board since 2016.]]>https://www.globenewswire.com/news-release/2018/08/02/1546740/0/en/Northern-Power-Closes-Private-Placement-Financing-Under-Financial-Hardship-Exemption.html?f=22&fvtc=4&fvtv=33666Northern Power Closes Private Placement Financing Under Financial Hardship Exemption2018-08-02T21:20:00Z<![CDATA[BARRE, Vt., Aug. 02, 2018 (GLOBE NEWSWIRE) -- Northern Power Systems Corp ("Northern" or the “Company”) (TSX:NPS) announced today that it completed the initial closing of a private placement financing effected under the financial hardship exemption available to companies listed on the Toronto Stock Exchange (the “TSX”) under certain circumstances (the “Financing”). At the initial closing, the Company issued Convertible Subordinated Promissory Notes (the “Notes”) to certain new investors (each a “New Investor”) as well as certain existing investors, including John Simon and Richard Hokin, who are both current and significant shareholders of the Company and members of the Company’s Board of Directors (each an “Existing Investor”) in the aggregate amount of C$2,446,642 or US$1,880,000.]]>https://www.globenewswire.com/news-release/2018/07/19/1539904/0/en/Northern-Power-Announces-Reliance-on-Financial-Hardship-Exemption-in-Connection-with-a-Private-Placement-Financing.html?f=22&fvtc=4&fvtv=33666Northern Power Announces Reliance on Financial Hardship Exemption in Connection with a Private Placement Financing2018-07-19T21:20:00Z<![CDATA[BARRE, Vt., July 19, 2018 (GLOBE NEWSWIRE) -- Northern Power Systems Corp ("Northern" or the “Company”) (TSX:NPS) announced today its intention to effect a financing pursuant to which the Company will issue Convertible Subordinated Promissory Notes (the “Notes”) (the “Financing”) to certain new investors (each a “New Investor”) as well as certain existing investors, including John Simon and Richard Hokin, who are both current and significant shareholders of the Company and members of the Company’s Board of Directors (the “Existing and Other Investors”) (the Existing and Other Investors collectively, with the New Investors, the “Investors”) pursuant to the financial hardship exemption available to companies listed on the Toronto Stock Exchange (the “TSX”) under certain circumstances. Mr. Hokin is effecting the investment through CWE II, LLC. In connection with the Financing and Northern’s reliance on the financial hardship exemption, Northern highlights the following material terms and results and impact of the Financing:]]>