PenderFund Capital Management

Conifex Timber Inc is a Canadian forestry company engaged in timber harvesting, reforestation, forest management, and sawmilling, which produces lumber and wood chips. The company also focuses on value-added lumber finishing and distribution. Conifex's products are marketed primarily in the United States, Canada, China, and Japan. In addition to its lumber operations, the company has expanded into bioenergy, operating a power generation facility in Mackenzie, British Columbia. This facility not only generates electrical power but also explores further opportunities in bioenergy and bioproducts that complement its core harvesting and manufacturing activities.

Keepe is a B2B marketplace focused on home repairs, aimed at transforming how property management companies, home warranty firms, and real estate investment trusts connect with qualified technicians. The company provides an automation technology application that facilitates the process of obtaining estimates, completing repairs, and managing payments for services. By streamlining these interactions, Keepe enables enterprise clients to efficiently access a network of contractors, ensuring that homeowners receive prompt and effective repair services. Currently, Keepe operates in multiple cities across the United States.

Librestream Technologies Inc., established in 2003 and headquartered in Winnipeg, Canada, specializes in mobile video collaboration solutions for Fortune 500 organizations. Its flagship product, Onsight, enables real-time virtual presence for remote experts to assess environments and troubleshoot equipment. Onsight's suite of products includes collaboration software, rugged smart cameras, and management tools, serving diverse industries such as manufacturing, oil and gas, healthcare, and government. Librestream's solutions help enterprises achieve cost-efficiencies through accelerated problem resolution, reduced downtime, and improved productivity. The company has strategic partnerships with industry leaders like Cisco Systems and Verizon Wireless.

Checkfront, Inc. is a cloud-based booking management and e-commerce platform that serves tour providers, accommodation managers, and rental businesses in Canada and internationally. Established in 2008 and headquartered in Victoria, Canada, with an additional office in Vancouver, Checkfront offers a comprehensive solution that enables its customers to manage various aspects of their operations, including activities, tours, accommodations, events, and rentals. The platform supports over 45,000 customers across 120 countries by centralizing reservations, managing inventories, and processing payments. Designed on a SaaS model, Checkfront provides a fully managed solution featuring automated updates, backups, and high-level security, all supported by a robust and high-availability network.

Copperleaf Technologies Inc., established in 2000 and headquartered in Burnaby, Canada, specializes in enterprise software solutions for asset-intensive organizations worldwide. The company helps clients optimize their capital planning, asset lifecycle management, and budgeting processes by providing data-driven insights. Its flagship product, Copperleaf C55, is an Asset Investment Planning and Management (AIPM) solution that enables risk-informed decision-making through real-time data analysis. Additionally, Copperleaf ESP aids utilities in managing demand-side projects and programs. Serving industries such as electrical power generation, transmission, distribution, gas, and water utilities, Copperleaf's solutions are distributed globally via expert partners. The company is recognized for its growth and commitment to shaping asset management standards, including ISO 55000.

Cooledge Lighting, Inc. specializes in providing innovative, flat, and flexible LED lighting solutions designed for luminous surfaces. The company focuses on light sheet technology, offering a range of products that include square lighting for wide area illumination and line lighting for continuous architectural accent and backlighting. These solutions enable lighting designers and architects to seamlessly integrate lighting into various projects, from large-scale backlighting to detailed millwork and ceiling systems. Established in 2009 and headquartered in Richmond, Canada, Cooledge Lighting also has operations in the United States and Germany. The company aims to deliver high-value solid-state lighting solutions to the general illumination market.

Teradici Corporation specializes in PC-over-IP (PCoIP) technology, which transfers the image of software from central servers or workstations to various end-points, facilitating local, remote, mobile, and collaborative work styles. The company offers a range of PCoIP solutions, including zero clients, optimized thin clients, hardware accelerators, remote workstation cards, workstation access software, and a management console for streamlined deployment and management of PCoIP devices. Teradici's offerings extend to cloud solutions such as desktop virtualization infrastructure and Desktop as a Service, as well as optimization and monitoring tools. The company's clientele includes Fortune 500 enterprises, educational institutions, government agencies, and service providers across various sectors, including healthcare, media, manufacturing, and construction. Founded in 2004 and based in Burnaby, Canada, Teradici has developed a strong ecosystem of products and services and maintains strategic partnerships with companies like Dell Wyse and Socionext Inc. Its commitment to innovation is underscored by its significant investment in research and development, resulting in over 40 patents.

SWITCH Materials Inc. is a Canadian company founded in 2007, specializing in advanced materials that enable innovative smart window solutions for automotive applications, particularly for OEMs and Tier 1 suppliers. The company focuses on developing proprietary organic molecules that can switch optical properties on command, allowing for functionalities such as automatic darkening of sunroofs in sunlight to reduce heat and glare. Their technology integrates seamlessly into various applications, including automotive glass, architectural glass, and eyewear. SWITCH Materials also conducts extensive research and development in its laboratories and at Simon Fraser University’s 4D LABS, leveraging the expertise of materials scientists skilled in synthetic chemistry, polymer processing, and optics. The company aims to contribute to lower emissions and enhanced customer experiences in electric vehicle markets, as well as in custom solar management applications.

Boreal Genomics Inc. is a biotechnology company that specializes in the development and marketing of technologies for the blood-based detection and monitoring of circulating tumor DNA. Founded in 2007 and headquartered in Los Altos, California, with an additional office in Vancouver, Canada, the company focuses on improving cancer patient care through innovative diagnostic tools and research applications. Its OnTarget platform enables highly sensitive detection and quantification of tumor mutations in plasma, facilitating accurate tumor profiling and real-time monitoring of tumor evolution. Boreal Genomics also offers the Aurora tool, which purifies and concentrates nucleic acids from various sample types, enhancing the accuracy of sequencing in liquid biopsy applications. These technologies aim to guide therapy selection, improve the efficiency of clinical trials, and accelerate drug development processes.

D-Wave Systems Inc. is a pioneering company in the field of quantum computing, recognized as the world’s first commercial supplier of quantum computers. Founded in 1999 and headquartered in Burnaby, Canada, D-Wave specializes in the development, fabrication, and integration of superconducting quantum computers. The company offers a range of products, including the D-Wave Two System, a commercial quantum computer, and D-Wave Hybrid, an open-source platform for creating hybrid quantum-classical applications. Leap, its cloud-based service, provides real-time access to quantum computing resources along with development tools and educational content. D-Wave’s quantum computers are applied across various sectors, addressing challenges in mission planning, logistics, machine learning, and optimization problems, among others. The company serves diverse industries, including defense, finance, energy, and academia, and also offers professional services, training, and customer support to enhance user experience and application development.

General Fusion Inc., established in 2002 and headquartered in Burnaby, Canada, specializes in developing commercial Magnetized Target Fusion (MTF), a hybrid fusion method combining magnetic confinement and inertial confinement principles. The company focuses on creating utility-scale fusion power using its patent-pending MTF concept, which has the potential to provide clean, safe, and economical energy. General Fusion develops key subsystems such as plasma injectors, acoustic drivers, and liquid metal vortex compression tests to advance its MTF technology. Backed by a global syndicate of investors, industry leaders, and technology pioneers, General Fusion aims to demonstrate and commercialize its innovative fusion power plants by the end of the decade.

Redlen Technologies Inc. specializes in the manufacturing of cadmium zinc telluride (CZT) semiconductors, which are crucial for a variety of radiation detection and imaging applications, including nuclear cardiology, CT scanning, baggage scanning, and bomb detection. Founded in 1999 and headquartered in Saanichton, Canada, the company has developed a proprietary production process known as the Traveling Heater Method (THM), which enhances the performance, cost-efficiency, and availability of CZT wafers. This innovation positions Redlen as a leader in the medical and security imaging markets, enabling widespread adoption of advanced detection technologies. Additionally, the company provides high-purity cadmium telluride feedstock solutions for the thin-film solar photovoltaic market, further diversifying its product offerings and contributing to the growth of semiconductor materials in renewable energy applications.

Clarius Mobile Health Corp. is a Canadian company specializing in the development of portable ultrasound scanners that wirelessly connect to smartphones and tablets. Founded in 2014 and headquartered in Burnaby, the company offers a range of handheld ultrasound devices, including the C3 convex, linear, and C7 microconvex scanners. Clarius aims to provide easy-to-use ultrasound tools, integrating advanced algorithms that automatically adjust imaging parameters, thereby eliminating the need for traditional controls. This technology enables healthcare professionals to perform ultrasound diagnostics anywhere and at an affordable cost. Clarius Mobile Health's products are utilized across various fields, including primary care, clinical research, pain management, veterinary medicine, wellness, anesthesia, and sports medicine. The company also manufactures accessories such as stands, chargers, and carrying bags to enhance its wireless mobile ultrasound ecosystem.

Clariti is a software-as-a-service (SaaS) company that specializes in providing permitting and licensing solutions for state and local governments. The company's software aims to enhance productivity and improve service delivery to citizens by streamlining and automating various processes related to permitting, licensing, and inspections. By facilitating digital transformation within government operations, Clariti helps reduce processing times by up to 75%, enabling governments to save money, meet regulatory compliance, and effectively respond to application demands. The company is dedicated to supporting smart growth and sustainability goals within communities.

Radiant Communications Corp. is a provider of broadband solutions targeting the business market, primarily in Canada and the United States. The company specializes in Internet Protocol (IP) based services, offering high-speed Internet access, managed virtual private networks, hosted exchange services, web hosting, and content management solutions. Radiant serves a diverse clientele that includes retailers, financial services organizations, and service-oriented businesses. With a focus on customized IT infrastructure solutions, it also provides enterprise cloud hosting, virtual data centers, and network monitoring services to ensure secure connectivity for multi-site companies. Headquartered in Vancouver, Canada, Radiant Communications has established a significant presence, serving approximately 17,000 business connections across major Canadian cities such as Toronto, Montreal, Calgary, Edmonton, and Vancouver.

Monexa Services is a developer of a cloud-based enterprise billing and subscription commerce platform. The company specializes in providing innovative billing solutions that enhance both revenue generation and customer satisfaction. Its agile platform enables organizations to respond swiftly to market changes while minimizing billing costs and complexities. By offering a user-friendly interface, Monexa allows businesses to effectively monetize their products and services without the need for custom web and software development, streamlining the billing process for a range of industries.

Lat49 is the online mapvertising system that brings geographically relevant advertising to users of online maps. By leveraging how visitors use maps online, lat49 serves geographically targeted display ads that are complimentary to current advertising models and change dynamically depending on where the user positions the map. This patent-pending technology addresses the large demand from web publishers for an ad serving technology that will provide an effective revenue strategy for their map-centric properties, as well as the demand from local and brand advertisers to effectively reach the huge number of people who use online maps to plan, explore and discover. With lat49, advertisers buy entire sections of the map at multiple zoom levels to suit the goals of their advertising campaigns. They can build regional branding campaigns by owning the map's most zoomed out views, or they can finely tune their message to target the local, street, neighborhood, or urban level audiences.

D-Wave Systems Inc. is a pioneering company in the field of quantum computing, recognized as the world’s first commercial supplier of quantum computers. Founded in 1999 and headquartered in Burnaby, Canada, D-Wave specializes in the development, fabrication, and integration of superconducting quantum computers. The company offers a range of products, including the D-Wave Two System, a commercial quantum computer, and D-Wave Hybrid, an open-source platform for creating hybrid quantum-classical applications. Leap, its cloud-based service, provides real-time access to quantum computing resources along with development tools and educational content. D-Wave’s quantum computers are applied across various sectors, addressing challenges in mission planning, logistics, machine learning, and optimization problems, among others. The company serves diverse industries, including defense, finance, energy, and academia, and also offers professional services, training, and customer support to enhance user experience and application development.