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CORRECTION: Exco Technologies Limited Announces Earnings Date Correction – First Quarter Results to be Released February 1, 2022

TORONTO, Jan. 14, 2022 (GLOBE NEWSWIRE) — Exco Technologies Limited (TSX – XTC) announced that it has corrected the release date of its first quarter results ending December 31, 2021 to after the close of business on Tuesday February 1, 2022 with a conference call on Wednesday February 2, 2022 at 10:00am.


Yesterday’s press release incorrectly stated that Exco’s first quarter results release date would be after the close of business on Wednesday February 2, 2022 with a conference call on Thursday February 3, 2022 at 10:00am.


To access the live audio webcast, please log on to www.excocorp.com, or https://edge.mediaserver.com/mmc/p/s4962zix a few minutes before the event. The conference call can also be accessed by dialling toll free at (866) 572-8261 or internationally at (703) 736-7448. The conference ID is 4594530.


For those unable to participate on February 2, 2022, an archived version will be available until February 10, 2022 on the Exco website or by dialling toll free at (855) 859-2056 or internationally at (404) 537-3406. The conference ID is 4594530.


As a reminder, the Annual Meeting of Shareholders of Exco Technologies Limited will be held virtually on January 26, 2022 at 4:30 p.m. (Toronto time). Participants can access the virtual Annual Meeting through the following link: https://virtual-meetings.tsxtrust.com/1235.


Exco Technologies Limited is a global supplier of innovative technologies servicing the die-cast, extrusion and automotive industries. Through our 16 strategic locations in 7 countries, we employ approximately 4,900 people and service a diverse and broad customer base.


Source: Exco Technologies Limited (TSX-XTC)
Contact: Darren Kirk, President & Chief Executive Officer
Telephone: (905) 477-3065, Ext 7233
Website: https://www.excocorp.com

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news

Exco Technologies Limited Announces First Quarter Results on February 2, 2022

TORONTO, Jan. 13, 2022 (GLOBE NEWSWIRE) — Exco Technologies Limited (TSX – XTC) today announced that it will report its financial results for the first quarter ended December 31, 2021 after the close of business on Wednesday, February 2, 2022. Exco’s management will hold a conference call to discuss the results on Thursday, February 3, 2022 at 10:00 a.m. To access the live audio webcast, please log on to www.excocorp.com, or https://edge.mediaserver.com/mmc/p/s4962zix a few minutes before the event. The conference call can also be accessed by
dialling toll free at (866) 572-8261 or internationally at (703) 736-7448. The conference ID is 4594530.


For those unable to participate on February 3, 2022, an archived version will be available until February 10, 2022 on the Exco website or by dialling toll free at (855) 859-2056 or internationally at (404) 537-3406. The conference ID is 4594530.


As a reminder, the Annual Meeting of Shareholders of Exco Technologies Limited will be held virtually on January 26, 2022 at 4:30 p.m. (Toronto time). Participants can access the virtual Annual Meeting through the following link: https://virtual-meetings.tsxtrust.com/1235.


Exco Technologies Limited is a global supplier of innovative technologies servicing the die-cast, extrusion and automotive industries. Through our 16 strategic locations in 7 countries, we employ approximately 4,900 people and service a diverse and broad customer base.


Source: Exco Technologies Limited (TSX-XTC)
Contact: Darren Kirk, President & Chief Executive Officer
Telephone: (905) 477-3065, Ext 7233
Website: http://www.excocorp.com

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news

Exco Technologies Limited to Acquire Halex Extrusion Dies

TORONTO, Dec. 20, 2021 (GLOBE NEWSWIRE) — Exco Technologies Limited (TSX-XTC, OTCQX-EXCOF) a global supplier of innovative technologies servicing the die-cast, extrusion and automotive industries, today announced it has signed a definitive agreement to acquire the extrusion dies business of Halex Holdings GmbH (“Halex® Extrusion Dies”). The transaction is expected to close in the spring of 2022.

“This acquisition will provide us with well-established and high-quality operations, manufacturing complex extrusion dies in Europe and will also allow us to better support our global customers”, said Nick Gnatyuk, Vice President and General Manager of Exco’s Extrusion Group. “We have been looking to expand into Europe for some time and we see Halex as the perfect fit”.

Halex Extrusion Dies was founded in 1990 and operates four key manufacturing locations – two in Germany and two in the northern industrial region of Italy. The company is the second largest manufacturer of aluminium extrusion dies in Europe and the continent’s leading supplier of complex extrusion dies. Halex will complement Exco’s six existing extrusion die operations, located in Canada, USA (2), Mexico, Colombia and Brazil.

The transaction is valued at €40 million (C$58 million equivalent) on an enterprise value basis and will be funded with a combination of cash on hand and available bank lines. Halex will add almost €40 million in annual sales and is expected to be immediately accretive to Exco’s earnings per share. Exco will report the results of Halex within its Casting and Extrusion segment.

“The acquisition of Halex is a unique opportunity to add a strategic asset that will accelerate Exco’s growth and sustainability objectives”, said Darren Kirk, President and CEO of Exco. “We look forward to welcoming all Halex employees to Exco”.

A conference call to discuss the transaction will be held today at 10:00 am (Toronto time). To access the live audio webcast, please log on to www.excocorp.com, or https://edge.media-server.com/mmc/p/6idkgeqn a few minutes before the event. . The conference call can be accessed by dialing toll free at (866) 572-8261 or internationally at (703) 736-7448. The conference ID is 7280532.

Source:Exco Technologies Limited (TSX-XTC, OTCQX-EXCOF)
Contact:Darren Kirk, President and Chief Executive Officer
Telephone:(905) 477-3065 Ext. 7233
Website:https://www.excocorp.com

About Exco Technologies Limited:

Exco Technologies Limited is a global supplier of innovative technologies servicing the die-cast, extrusion and automotive industries. Through our 16 strategic locations in 7 countries, we employ about 4,900 people and service a diverse and broad customer base.

Notice To Reader: Forward Looking Statements This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws. We use words such as “anticipate”, “may”, “will”, “should”, “expect”, “believe”, and similar expressions to identify forward-looking information and statements, especially with respect to sales, earnings per share and transaction closing date. These forward-looking statements include known and unknown risks, uncertainties, assumptions and other factors which may cause actual results or achievements to be materially different from those expressed or implied. These forward-looking statements are based on our plans, intentions or expectations which are based on, among other things, the ability to successfully close the transaction in the timing as indicated in this release, the current global economic recovery from the COVID-19 pandemic and containment of any future or similar outbreak of epidemic, pandemic, or contagious diseases that may emerge in the human population, which may have a material effect on how we and our customers operate our businesses and the duration and extent to which this will impact our future operating results or the future results of Halex. Readers are cautioned not to place undue reliance on forward-looking statements throughout this document and are also cautioned that the foregoing list of important factors is not exhaustive. The Company will update its disclosure periodically and otherwise disclaims any obligations to update publicly or otherwise revise any such factors or any of the forward-looking information or statements contained herein to reflect subsequent information, events or developments, changes in risk factors or otherwise. For a more extensive discussion of Exco’s risks and uncertainties see the ‘Risks and Uncertainties’ section in our latest Annual Report, Annual Information Form (“AIF”) and other reports and securities filings made by the Company. This information is available at www.sedar.com or www.excocorp.com.

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Information Circular

2021 Management Informational Circular

Information contained herein is given as of December 7, 2021. The management of the Corporation knows of no matter to come before the Meeting of shareholders other than the matters referred to in the Notice of Meeting. The contents and the sending of this management information circular have been approved by the Board of Directors of the Corporation.

Additional financial information is provided in the Corporation’s comparative financial statements and Management Discussion & Analysis for fiscal 2021. Further information relating to the Corporation is available on SEDAR at ‘www.sedar.com’. Security holders may request copies of the Corporation’s financial statements and management discussion and analysis for fiscal 2021 by contacting the Corporation.

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AIF

2021 AIF

2021 Annual Information Form for the Fiscal Year Ended September 30, 2021

These documents contain forward-looking statements within the meaning of applicable securities laws. Statements relate to future events, plans and projections of our future performance, including in respect of projected growth, changing market conditions, improvements in productivity and future results and the assumptions underlying same. All statements other than statements of historical fact are forward-looking statements.

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Annual Report

2021 Annual Report

More than eighteen months have passed since the start of the pandemic that fundamentally reshaped the way we live, work and socialize. And although the world is still grappling with its impacts, Exco continues to forge ahead strongly.

Categories
Quarterly Reports

4th Quarter 2021

Interim Report to the Shareholders
For the Twelve months ended September 30, 2021

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news

Exco Technologies Limited Publishes First Sustainability Report

TORONTO, Dec. 02, 2021 (GLOBE NEWSWIRE) — Exco Technologies Limited (TSX-XTC, OTCQX-EXCOF) today announced it has published its inaugural Sustainability Report. This milestone reflects our growing focus on our Environmental, Social and Governance (ESG) priorities, and facilitates a deepening dialogue with our stakeholders about these issues.

“The world is increasingly oriented towards a sustainable future and Exco is committed to doing its part,” said Darren Kirk, President and CEO of Exco. “Our businesses directly support the electric vehicle revolution and the global sustainability movement. This presents significant opportunities for Exco to grow profitably while making a strong and positive contribution to the world in the years ahead,” added Kirk.

As discussed in the report, our ESG strategic priorities are built upon our core values and are designed to ensure that Exco achieves its vision – to be the benchmark for innovation, quality and efficiency in the industries we serve. Looking at our business strategies through the ESG lens is critical to our success in a world where all of our stakeholders are concerned with issues of environmental and social sustainability.

In addition to evolving marketplace dynamics, the report describes our initiatives to protect the environment, support our people, give back to society, and ensure robust corporate governance structures.

We welcome an open dialogue on ESG issues. Our full sustainability report is available here: www.excocorp.com/leadership/sustainability

 Source: Exco Technologies Limited (TSX-XTC, OTCQX-EXCOF)
 Contact: Darren Kirk, President and Chief Executive Officer
 Telephone: (905) 477-3065 Ext. 7233
 Website: https://www.excocorp.com

About Exco Technologies Limited:

Exco Technologies Limited is a global supplier of innovative technologies servicing the die-cast, extrusion and automotive industries. Through our 16 strategic locations in 7 countries, we employ about 4,900 people and service a diverse and broad customer base.