News Releases

TORONTO, Dec. 05, 2024 (GLOBE NEWSWIRE) — ABERDEEN INTERNATIONAL INC. (“Aberdeen” or the “Company”) (TSX: AAB F:A8H, OTC:AABVF) is pleased to announce the appointment of Dev Shetty as Chief Executive Officer of the Company and as Executive Chairman of the Company’s board of directors (the “Board”), effective immediately. Mr. Shetty’s appointment follows Mr. Fred Leigh’s resignation as Chief Executive Officer of the Company, though Mr. Leigh will remain on the Board. The appointment of Mr. Shetty is part of the Board’s strategy to revamp the Company’s investment strategy and to establish a new investment platform focused on identifying and acquiring assets in energy transition […]

TORONTO, June 15, 2023 — Aberdeen International Inc. (“Aberdeen” or the “Company”) (TSX: AAB, FRA: A8H, OTC: AABVF) is pleased to announce that it has released its financial results for the three months ended April 30, 2023. For the three months ended April 30, 2023, Aberdeen reported a net loss of $4.5 million or $0.03 per basic share from total revenue of $(3.9) million (realized loss on investments of $0.3 million, unrealized loss on investments of $3.6 million). For the three months ending April 30, 2022, Aberdeen reported net loss of $1.2 million or $0.01 per basic share from total […]

TORONTO, Feb. 17, 2023 (GLOBE NEWSWIRE) — Aberdeen International Inc. (“Aberdeen” or the “Company”) (TSX: AAB F:A8H, OTC:AABVF) is pleased to announce the appointment of Mr. Martin Schuermann as Chief Executive Officer of the Company to streamline its strategy. Mr. Schuermann has been involved in the clean energy sector since 2009, serving as Chief Executive Officer of Vision Motor Corp and Vision Industries (“Vision”), an early innovator in fuel cell vehicles focused on developing zero emission heavy-duty transportation solutions, using hydrogen as the dominant energy storage medium. Mr. Schuermann has been the Executive Chairman of the Company since April 2021 […]

TORONTO, Jan. 09, 2023 (GLOBE NEWSWIRE) — Aberdeen International Inc. (“Aberdeen” or the “Company”) (TSX: AAB, F: A8H, OTC: AABVF) is pleased to announce the sale of its Progressus Clean Technologies Inc. (“Progressus“) shares to AmmPower Corp. (“AmmPower”) as part of AmmPower’s acquisition of 50.05% of the issued and outstanding common shares of Progressus, a venture stage green technology company focused on the development of novel hydrogen generation and separation technologies (the “Transaction”). “AmmPower is a natural suitor for Progressus and we think that this transaction makes a lot of sense – it provides both AmmPower and Progressus with the […]

▪   Total investment gains were $0.3 million for the three months ended April 30, 2022, made up of realized losses on investments of $0.2 million and unrealized gains on investments of $0.5 million ▪   As at April 30, 2022, Aberdeen’s shareholders’ equity was $39.9 million, or $0.29 per basic share.   ▪   Investments in clean energy inputs and technologies such as Progressus, EV Technology Group and Jourdan continue to be core to Aberdeen’s strategy Toronto, Canada – June 14, 2022 – Aberdeen International Inc. (“Aberdeen” or the “Company”) (TSX: AAB, F: A8H, OTC: AABVF) is pleased to announce that it […]