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 that specializes in home repairs, designed to streamline the process for enterprises such as property management companies, home warranty providers, and real estate investment trusts (REITs). The platform connects these businesses with qualified technicians, allowing them to obtain estimates and complete repair work efficiently. Keepe aims to enhance the experience of finding and paying for home repair services by leveraging automation technology to facilitate connections between homeowners and maintenance professionals. Currently, Keepe operates in multiple cities across the United States, providing a faster and more effective solution for managing home repairs.

Librestream Technologies Inc. specializes in video collaboration solutions tailored for enterprises, particularly in challenging field environments. Its flagship product, the Onsight platform, allows users to conduct live video interactions, share images, and utilize onscreen telestration, facilitating communication among teams in remote locations such as offshore oil rigs or manufacturing floors. By integrating seamlessly into existing workflows, Librestream's technology helps organizations across various sectors—including manufacturing, energy, healthcare, insurance, and government—enhance their operational efficiency. The platform enables remote diagnostics, inspections, and troubleshooting, leading to reduced downtime, decreased travel costs, improved customer service, and increased productivity. Overall, Librestream empowers businesses to connect their workforce, suppliers, and customers more effectively, contributing to a more efficient operational ecosystem.

Checkfront, Inc. is a cloud-based booking management and e-commerce platform designed for tour providers, accommodation managers, and rental businesses globally. Founded in 2008 and headquartered in Victoria, Canada, with an additional office in Vancouver, Checkfront serves over 45,000 customers across 120 countries. The platform enables users to efficiently manage various aspects of their operations, including activities, tours, accommodations, events, and rentals, while also facilitating reservations and customer tracking. Operating on a Software as a Service model, Checkfront offers a fully managed solution that includes automated updates, backups, and robust security, ensuring high-speed and reliable service for its clients.

Copperleaf Technologies Inc. offers enterprise software solutions designed for asset-intensive organizations facing challenges related to aging infrastructure, both in Canada and internationally. The company specializes in decision analytics that help clients optimize capital planning, asset life cycle planning, and budgeting. Its key products include Copperleaf C55, a software solution for asset investment planning and management that enables organizations to make risk-informed decisions by utilizing real data to forecast performance and evaluate investment options. Additionally, Copperleaf provides Copperleaf ESP, a solution for demand-side management that allows utilities to design, analyze, and manage their demand-side projects. Serving industries such as electrical power generation, transmission, distribution, and gas and water utilities, Copperleaf has established a global network of expert partners to distribute and support its solutions. Founded in 2000 and headquartered in Burnaby, Canada, Copperleaf is recognized for its commitment to advancing asset management standards and has been acknowledged as one of Canada’s fastest-growing software companies.

Cooledge Lighting, Inc. specializes in innovative LED lighting solutions, particularly utilizing light sheet technology to create adaptable, flat, and flexible lighting products. The company offers a range of lighting solutions, including square products for wide area illumination and backlighting, as well as line lighting designed for continuous and uniform architectural accents. These products enable lighting designers and architects to seamlessly integrate lighting into various projects, from large area backlighting to intricate millwork and ceiling systems. Founded in 2009 and headquartered in Richmond, Canada, Cooledge Lighting also maintains additional operations in the United States and Germany, positioning itself as a key player in the solid-state lighting market.

Teradici Corporation specializes in PC-over-IP (PCoIP) technology, which facilitates the transmission of software images from central servers or workstations to various PCoIP-ready endpoints. This technology enhances the management and provisioning of computing services, supporting diverse work styles including local, remote, and mobile environments. Teradici offers a range of PCoIP solutions, including zero clients, optimized thin clients, hardware accelerators, remote workstation cards, and workstation access software, all designed to provide high-definition, secure computing experiences. The company's offerings also include cloud solutions such as desktop virtualization infrastructure and remote workstation services, along with optimization and monitoring tools. Teradici serves a wide array of clients, including Fortune 500 companies, educational institutions, government agencies, and cloud service providers, and collaborates with OEM partners globally. Founded in 2004 and headquartered in Burnaby, Canada, Teradici emphasizes innovation and has secured over 40 patents to date.

Switch Materials Inc. specializes in innovative smart window solutions for the automotive industry, catering to original equipment manufacturers (OEMs) and Tier 1 suppliers. Founded in 2007 and located in Burnaby, Canada, the company focuses on developing advanced materials based on proprietary organic molecules that can change their optical properties upon command. This technology enables various applications, including photochromic and electrochromic systems that automatically adjust the tint of sunroofs to minimize heat and glare. Additionally, Switch Materials' expertise extends to molecular electronics and health sciences, with potential uses in optical filters, photochromic inks, and molecular sensors. The company's research and development is conducted in state-of-the-art laboratories and facilities at 4D LABS, a prominent materials science research center affiliated with Simon Fraser University.

Boreal Genomics Inc. is a biotechnology company that focuses on the development and commercialization of technologies for 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 offers products like OnTarget, which allows for the sensitive detection and quantification of tumor mutations in plasma or tissue. Boreal's platform is designed to enable healthcare professionals to perform accurate genomic profiling and monitor tumor evolution from cell-free DNA in plasma, thereby improving cancer patient care. The OnTarget assay, available as a research-use service, reveals tumor mutations that may be undetectable by other methods, assisting in therapy selection, enhancing clinical trial efficiency, and expediting drug development. Additionally, Boreal provides DNA enrichment and library construction solutions tailored for high accuracy sequencing in liquid biopsy applications.

D-Wave Systems Inc. specializes in the development and integration of superconducting quantum computers. As the first commercial supplier of quantum computers, the company offers products such as The D-Wave Two System, D-Wave Hybrid—a hybrid workflow platform for quantum-classical applications—and Leap, a cloud-based service that enables real-time access to quantum computing resources along with open-source development tools and educational materials. D-Wave's quantum computers are applied across various sectors, including defense, finance, energy, and academia, addressing challenges in mission planning, logistics, machine learning, optimization problems, and more. In addition to its quantum computing systems, the company provides professional services, training, and customer support to enhance user experience. Founded in 1999 and headquartered in Burnaby, Canada, D-Wave has expanded its presence with sales offices in the United States, Europe, and Asia.

General Fusion Inc. is a Canadian company focused on the development of commercial Magnetized Target Fusion (MTF), a promising hybrid approach that combines elements of magnetic fusion and inertial confinement fusion. Founded in 2002 and based in Burnaby, the company aims to create utility-scale fusion power plants that can provide clean, safe, and abundant energy. General Fusion is pioneering a patent-pending concept that leverages advancements in MTF, which has seen limited exploration since the 1970s. The company is dedicated to demonstrating and commercializing this innovative energy solution by the end of the decade. It is supported by a network of global energy venture capital firms, industry leaders, and technology innovators, all working to reduce technical risks and accelerate the path to viable fusion energy.

Redlen Technologies Inc. specializes in manufacturing cadmium zinc telluride (CZT) semiconductors, which are essential for radiation detection and imaging equipment used in various applications such as nuclear cardiology, CT scanning, baggage scanning, and bomb detection. Founded in 1999 and based in Saanichton, Canada, the company has pioneered a unique production process known as the Traveling Heater Method (THM) to create advanced CZT semiconductor wafers. This innovation enhances the performance, cost-efficiency, and availability of radiation detection technologies, facilitating their adoption in both medical and security sectors. Additionally, Redlen provides high-purity cadmium telluride feedstock solutions for thin film solar photovoltaic applications, thereby contributing to the renewable energy market. With a strong focus on advancing semiconductor and imaging technology, Redlen Technologies is positioned as a leader in high-performance detection solutions.

Clarius Mobile Health Corp. specializes in the development of wireless ultrasound scanners that connect to smartphones and tablets, making ultrasound technology accessible for medical professionals in various settings. Founded in 2014 and headquartered in Burnaby, Canada, the company offers a range of handheld ultrasound devices, including the C3 convex, linear, and C7 microconvex scanners. Clarius's products are designed to facilitate ultrasound use in primary care, clinical research, pain management, veterinary medicine, wellness, anesthesia, and sports medicine. The company also provides a digital imaging platform with advanced algorithms that automatically adjust imaging parameters, eliminating the need for traditional knobs found on conventional ultrasound systems. Clarius Mobile Health aims to enable ultrasound capabilities anywhere and anytime, ensuring an affordable solution for healthcare providers.

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. specializes in providing broadband and managed network solutions primarily to businesses in Canada and the United States. The company offers a range of Internet protocol (IP)-based services, including high-speed Internet access, managed virtual private networks, IP-based payment processing gateways, hosted exchanges, web hosting, and content management solutions. Radiant serves a diverse clientele, including retailers, financial services organizations, and service-oriented businesses. With a strong presence in major cities such as Toronto, Montreal, Calgary, Edmonton, and Vancouver, the company supports approximately 17,000 business connections. Additionally, Radiant provides enterprise cloud hosting services, virtual data centers, and network monitoring, facilitating secure connectivity for companies with multiple locations. Based in Vancouver, Canada, Radiant Communications is committed to customizing IT infrastructure solutions for its customers.

Monexa Services specializes in providing a cloud-based billing management platform designed to enhance the efficiency of organizations' billing processes. By offering an innovative and customer-friendly solution, Monexa enables businesses to respond swiftly to market changes while minimizing billing costs and complexities. The company's software as a service (SaaS) platform supports intelligent billing and subscription commerce, facilitating the monetization of products and services without the need for custom web or software development. Through these services, Monexa aims to drive both top and bottom line results for its clients.

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. specializes in the development and integration of superconducting quantum computers. As the first commercial supplier of quantum computers, the company offers products such as The D-Wave Two System, D-Wave Hybrid—a hybrid workflow platform for quantum-classical applications—and Leap, a cloud-based service that enables real-time access to quantum computing resources along with open-source development tools and educational materials. D-Wave's quantum computers are applied across various sectors, including defense, finance, energy, and academia, addressing challenges in mission planning, logistics, machine learning, optimization problems, and more. In addition to its quantum computing systems, the company provides professional services, training, and customer support to enhance user experience. Founded in 1999 and headquartered in Burnaby, Canada, D-Wave has expanded its presence with sales offices in the United States, Europe, and Asia.