• 1. What is the relationship between ZTEST and Twenty49 Ltd?

  • Twenty49, was founded by David Hwang, a Big Data specialist, who previously founded and created a successful exit for his stakeholders, from a data business focused on the hospitality/restaurant business.  David Hwang was interested in pursuing a public listing for Twenty49, preferably on the CSE, and the ZTEST team was invited to assist in this endeavour, and to become a Co-Founder of Twenty49.

  • 2. What is ZTEST’s ownership position in Twenty49 Ltd.?

  • The initial investment by ZTEST, earned ZTEST a 30.27% equity stake.  ZTEST has Founder’s warrants as well, exercisable for $205,000 on or before May 31,2019, which would increase ZTEST’s ownership to 34.84%.  ZTEST also has pre-emptive rights under a Shareholder’s Agreement, that allows for the possibility of increasing this ownership position further.  ZTEST is interested in expanding their ownership in Twenty49 as much as possible.

  • 3. What is the business strategy of Twenty49?

  • There are 2 business mantras at Twenty49 (i) “Get Data, Sell Data” and (ii) “don’t sell One to One, Sell One to Many” by partnering with businesses that are trusted suppliers to their customers. In this way, Twenty49 gets to work with all of the customers of their Partner!

  • 4. What role does Data play in the decision making process of Large Businesses?

  • Many people suggest that Data has replaced oil as one of the most valuable resources in the world. Most corporations value their data, BUT THEY DO NOT KNOW HOW TO MONETIZE THIS DATA! Twenty49 postulates that there is a fourth Industrial Revolution underway, which will be driven by Data.  The first three Industrial Revolutions were powered by (i) Steam (II) Electricity and then (iii) Computers. Large corporations try to minimize risk, by understanding market trends, product mixes etc. BEFORE they launch their products.  Twenty49 intends to be a leader in providing this Data, to the major corporations, with their “Been There, Done That” team of data management people.

  • 5. Why is Twenty49 focusing on the Cannabis Industry?

  • The Cannabis market place is undergoing a major transformation from an illegal to legal market, as more and more governments allow either medical or recreational, or both uses, in their constituencies.  The demand for Cannabis and CBD products already exists, and main steam companies are trying to figure what is the best way to get a piece of the projected $194 Billion market in 7 years. To make sound business decisions, they need DATA!

  • 6. What is the relationship between ZTEST and Conversance Inc.?

  • Conversance Inc., founded by Joseph Chen, who previously worked out of the CTO office at Blackberry, is building a new e.commerce platform.   To-date, ZTEST has funded the completion work on the Conversance “Chronicle” platform, and ZTEST presently owns 25.29% of Conversance.

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    7. Why did ZTEST choose to invest in Conversance Inc.?

  • ZTEST believes that Conversance is uniquely qualified to succeed, because it has a core development team that was (i) an important part of the Blackberry technology development, (ii) also gained invaluable business experience from holding key positions that helped drive sales growth from $30 million to $18 Billion over 14 years.  Just as they helped create the cellular industry, they are now creating the next commerce platform that could host up to a thousand or more Apps, running on top of the Conversance “distributed ledger” network.

  • 8. What is the business strategy of Conversance Inc?

  • World wide e.commerce sales were $2.3 Trillion dollars in 2017 and forecasted to reach $4.8 Trillion in 2021.  By developing a platform that enables more secure, and simplified commerce and payment solutions for B2B; B2C; and C2C customers, Conversance has created an opportunity for strong growth in sales and profits. This is the market sector that Conversance is positioning itself to be a leader in.

  • 9. What is the relationship between ZTEST Permatech Electronics?

  • Permatech Electronics is a wholly owned subsidiary of ZTEST Electronics Inc. and is an ISO 9002 certified Electronic Manufacturing Services (EMS) provider founded in 1982. Permatech’s offerings include Materials Management, Printed Circuit Board (PCB) Assembly, Testing and Design services. Permatech operates from a 20,000 square foot facility in North York, Ontario, Canada. The company serves customers in the Medical, Power, Computer, Telecommunication, Wireless, Industrial and Consumer Electronics markets requiring high quality, quick-turn, small and medium size production runs.

  • 10. What are the natural synergies between ZTEST and Permatech?

  • As a developer and manufacturer of electronic test equipment, ZTEST had outsourced assembly projects to a number of vendors, one of them being Permatech, whose performance had been impressive. Permatech's ISO9002-certified facility was also a valuable asset to ZTEST, as it helps to differentiate EMS providers particularly in the small to mid-sized run category. For Permatech, the next level of growth as an EMS provider necessitated a transition to more turnkey business, a transition that required additional expertise and access to capital. ZTEST's public company status and test services background addressed both needs.


    Industry Terms

    11. What is a PCB?

  • A printed circuit board (PCB) is an insulating surface with conductive material deposited in continuous paths from terminal-to-terminal. Electronic components are then mounted on the board in the assembly process.

  • 12. What is the difference between Printed Circuit Board (PCB) Assembly and PCB Fabrication and where does Permatech fit?

  • Permatech falls into the PCB assembly provider category, which is often confused with the manufacturers who fabricate printed circuit boards, for example, Circuit World.

  • The fabricators produce the boards themselves, which are in turn purchased by OEMs or EMS assembly providers performing procurement services on behalf of their OEM customers. The assembly providers or OEM customers then purchase the electronic or RF components such as chips, resistors etc. to be mounted on the printed circuit board. Once the assembly has been completed, the board with all attached components can be delivered back to the customer to be placed into its enclosure, or housing.


    13. What is Permatech's assembly capability?

  • Permatech currently offers full surface-mount and through-hole capability. Through-hole (sometimes called "pin-through-hole") was the prevailing manufacturing method for PCB assembly until roughly 5 - 7 years ago, and is basically the practice of mounting components on the board by inserting the component's leads through holes. The limitation of Through-hole manufacturing is that the maximum density of components is constrained by the amount of board space allocated to the holes and secondly, the speed of placement is restricted by the component size and mounting process. Surface mount allows for a much higher density of components along with decreased costs and increased speed. Despite the advantages of surface mount technology, through-hole is still the method of choice in some applications. The company recently purchased additional assembly equipment from Siemens and DEK Printing Machines Ltd, adding full Ball Grid Array and Micro-Ball Grid Array placement capability.

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