Blue Horizon Announces Letter of Intent and Private Placement
(TheNewswire)
July 9, 2025 – TheNewswire -Toronto, Ontario – Blue Horizon Global Capital Corp.(“Blue Horizon” or the“Corporation”), a dynamicinvestment company focused on identifying and nurturing innovativeenterprises, today announced its intention to acquire a significantstake in C2 Technology Innovations Ltd. (“C2”), an arm’s lengthOntario-based company at the forefront of breakthrough technologicaladvancements. This strategic investment underscores Blue Horizon’scommitment to fostering companies with exceptional projects anddisruptive technologies across high-growth sectors.
Under the terms of a non-binding letter of intent (the “C2 LOI”) dated July 7, 2025, theCorporation will acquire an aggregate of up to 15% of the issued andoutstanding securities of C2 (the “C2 Shares”) for a total purchase price of $30 million. Theacquisition will be structured in three (3) tranches:
For the initial 5% ownership interest, the Corporation will pay $10million, which will be satisfied through the issuance of common shares(the “ConsiderationShares”) in the capital of the Corporation at a price of$0.05 per Consideration Share.
For an additional 2.5% ownershipinterest, the Corporation will pay $5 million, which will be satisfiedthrough the issuance of a secured convertible debenture (theDebenture”). The Debenture will be secured against a certain numberof the C2 Shares, have a term of five (5) years and will beconvertible into common shares in the capital of the Corporation at aprice of $0.05 per share.
For the remaining 7.5% ownership interest, the Corporation will pay upto $15 million in cash (the “CashConsideration”).
The acquisition is subject to customaryclosing conditions, including due diligence investigationssatisfactory to both parties, and may require shareholder andregulatory approvals, including that of the Canadian SecuritiesExchange. Prior to thecompletion of the acquisition, Blue Horizon and C2 will negotiate andenter into a definitive share exchange agreement.
About C2
C2 is an innovative private company based in Ontario, Canada,dedicated to bringing cutting-edge innovations to market. C2 hassecured exclusive master license agreements for four groundbreakingtechnologies poised to revolutionize multiple high-growth sectors,including energy, artificial intelligence, and visual computing. Thesetransformative technologies include:
1.
Perovskite
Photovoltaics - An advanced solar energy
technology that harnesses the unique properties of perovskite-based
materials to achieve dramatic improvements in energy conversion
efficiency and significant reductions in manufacturing costs.
The strengths and
competitive advances for perovskite panel technology include:
Material
and cost efficiency: the technology avoids the
usage of rare earth based silicon materials, resulting in substantial
savings in materials costs and lower environmental
impact.
Energy
efficiency and low carbon footprint: perovskite
materials consume 1/400th of the energy required for silicon
refinement which reduces energy costs and carbon footprint.
Simplified manufacturing process: the
technology utilizes a unique “gas phase + liquid phase” method to
produce high quality, large area perovskite films.
Superior
technical performance: the certified power
conversion efficiency is 23.3% which is competitive with state of the
art silicon based cells. The technology has shown minimal degradation
(1%) after 13,000 lab tested hours, ensuring long term
performance.
Cost
effectiveness: investment cost for perovskite
cell production is approximately 50% lower then silicon cells –
approximately $50 million compared to $100 million for 1GW
capacity.
This innovation moves
beyond traditional silicon-based solar cells by offering superior
performance under various light conditions, including low-light and
indoor environments. The flexible and lightweight nature of perovskite
films allows for versatile integration into next-generation energy
applications, including high-efficiency residential solar panels,
commercial building integrated photovoltaics (BIPV), and portable
power solutions for mobile devices and remote sensors. This technology
is poised to revolutionize the renewable energy landscape by making
solar power more accessible, efficient, and cost-effective worldwide,
with the exception of China.
2.
Solid-State Battery
Systems - A cutting-edge, proprietary innovation developed using carbon quantum dots
(“CQDs”) technology to deliver high-performance energy storage technology that fundamentally
redefines safety, energy density, and longevity compared to
conventional lithium-ion batteries. This
state-of-the-art energy solution is poised to redefine the standards
of safety, performance, and versatility in the energy storage sector
by replacing traditional liquid electrolytes with a solid-state
electrolyte. CQDs batteries ensure unmatched safety, enhanced energy
density, and long-lasting performance.
By replacing flammable
liquid electrolytes with solid-state alternatives, these batteries
eliminate the risk of thermal runaway and enhance operational safety.
The batteries also provide enhanced energy density, exceeding 300Wh/kg, enabling longer
operating ranges for electric vehicles, extended battery life for
consumer electronics, and more efficient grid-scale storage for
renewable energy sources. CQDs batteries also provide a long-life
cycle with over 30,000 charge / discharge cycles
with minimal capacity degradation. This results in reduced replacement
frequency and maintenance costs.
The application for CQDs
batteries include:
Electric
Vehicles (EVs): The batteries are suitable for
electric cars, buses and trucks providing them with enhanced range and
faster charging capabilities
Energy
Storage Systems: the batteries provide reliable
and efficient home energy storage solutions for renewable sources like
solar and wind.
Aerospace
and Drones: Lightweight, high-capacity batteries
for drones, e-VTOL aircraft, and satellites.
Industrial and Construction Equipment:
High-power solutions for heavy-duty machinery and mining
equipment.
Marine
Applications: Safer and more efficient power for
electric ships and submarines.
Consumer Electronics: Supports next-gen devices with higher performance and longerbattery life, including smartphones, laptops, and wearables.
Military
and Defense: High-reliability energy solutions
for critical operations in harsh environments.
The CQDs solid-state battery aligns with globalsustainability goals by enhancing energy efficiency, reducing relianceon fossil fuels, and minimizing electronic waste. Its robust designand long lifespan contribute to a greener planet while powering a widearray of technologies. This technologyrepresents a significant leap forward in energy storage, offering amore sustainable and reliable power solution for a wide array ofapplications globally, with the exception of China.
3.
AI Vision Chip &
Intelligence System - A comprehensive visual
computing platform that seamlessly integrates AI-optimized chipsets
with advanced capabilities for real-time 3D scene reconstruction and
sophisticated video analytics. The proprietary intelligent vision chip
acts as the critical “eye” for AI robots, enabling them to see,
understand, and interact with the world. The high performance
semiconductor chip combines visual data acquisition, AI processing,
and decision-making in one platform. The core features of the chip
include:
AI-Optimized Vision: Independently processes
image-based AI functions
Next-Level Precision: Converts real-world
visuals into actionable digital intelligence
Proven
Expertise: Successfully deployed by leading
global brands like Samsung, LG, and HP
Some of the applications
for the chip include: (i) empowering robots for industries such as
healthcare for the precision diagnostics and surgery assistance; (ii)
empowering autonomous systems in cars, drones, and ships allowing them
to navigate intelligently; (iii) the automation of manufacturing and
quality control through the use and deployment of robots; (iv) home
service robots to provide smart assistance in daily life.
This system also
incorporates proprietary algorithms for high-fidelity 2D-to-3D display
conversion, delivering immersive visual experiences without the need
for specialized eyewear. Designed for unparalleled performance and
efficiency, it enables intelligent visual processing directly at the
source. This technology is tailored for a diverse range of
applications, including enhancing smart devices with advanced spatial
awareness, enabling highly accurate perception for autonomous systems,
creating dynamic and interactive digital signage, and developing
immersive environments for entertainment and training. The strategic
objective for this technology is global commercialization and
marketing, excluding China.
4.
Decentralized AI
Infrastructure - A secure, distributed computing
framework meticulously engineered to support advanced AI operations
directly at the edge. This infrastructure is built upon a robust,
peer-to-peer network architecture, ensuring unparalleled data
sovereignty and computational resilience. It facilitates high-speed,
privacy-centric data processing by minimizing reliance on centralized
cloud systems, thereby mitigating risks associated with data breaches
and single points of failure. Its modular design allows for seamless
integration into existing systems and scalability to meet evolving
demands. This technology addresses critical needs for secure and
efficient AI deployment in highly sensitive sectors such as defense
(for autonomous systems and real-time threat analysis), healthcare
(for patient data privacy and on-device diagnostics), and financial
services (for fraud detection and secure transaction processing). The
goal for this technology is global commercialization and marketing,
with the exception of China.
C2 will act as a conduit for the commercialization of these
technologies, introducing and showcasing these cutting-edge
innovations to the market through hands-on demonstrations and
strategic partnerships with leading innovators.
“Blue Horizon is excited to announce this strategic investment in C2
Technology Innovations Ltd.,” said [Alex MacKay, C.E.O. of Blue
Horizon. “C2’s portfolio of groundbreaking technologies aligns
perfectly with our mission to support innovative projects and
companies. We are confident that this partnership will not only
enhance our investment portfolio but also drive significant
advancements in key sectors such as energy and artificial
intelligence.”
Edward Chan, the President of C2, stated “This strategic partnership
with Blue Horizon provides C2 with the capital and support needed to
accelerate the commercialization of our groundbreaking technologies.
Blue Horizon’s investment validates the immense potential of our
decentralized AI infrastructure, perovskite photovoltaics, solid-state
battery systems, and AI vision chip technology. We look forward to
working together to bring these cutting-edge innovations to market and
revolutionize their respective sectors.”
Private Placement
The Corporation would also like to announce that it intends to raise
gross proceeds of up to $500,000 (the “Offering”) through a non-brokered
private placement of up to 10,000,000 units (the “Units”) at a price of $0.05 per
Unit.
Each Unit will consist of one (1) common share of Sensor and one
common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to
acquire one common share of the Corporation at a price of $0.05 for a
period of tw0 (2) years following the closing date of the Offering
In addition, the Corporation intends to retain a licensed investment
bank in the United States to host a Regulation A offering. This
initiative aims to raise capital to satisfy the Cash Consideration
component of the purchase price and significantly increase the
Corporation’s U.S. shareholder base, positioning the Corporation for
broader market access and long-term investor engagement.
The closing of the Offering is subject to all necessary regulatory
approvals. The securities being issued pursuant to the Offering will
be subject to a four (4) month hold period in accordance with
applicable Canadian securities laws. The proceeds from the Offering
will be used for general working capital purposes.
About Blue Horizon
Blue Horizon is an investment company whose primary objective is to
identify promising companies with excellent projects, innovative
technologies or both, using management’s extensive experience in
deal sourcing and capital combination to maximize returns for its
shareholders. Blue Horizon will invest its funds with the aim of
generating returns from capital appreciation and investment income. It
intends to accomplish these goals through the identification of and
investment in securities of private and publicly listed entities
across a wide range of sectors and industry areas, including but not
limited to the technology, software development and biotechnology
industries.
Contact:
For the Corporation:
Alex MacKay
Chief Executive and Financial Officer
Email: carriagehousecap@gmail.com
For C2:
Edward Chan
Chief Executive Officer
Email: edward@c2tech.ca
Neither the Canadian
Securities Exchange nor its Regulation Services Provider have reviewed
or accept responsibility for the adequacy or accuracy of this
release.
Cautionary Statement
This press release contains “forward-looking
information” within the meaning of applicable Canadian securities
legislation. These statements relate to future events or future
performance. The use of any of the words “could”, “intend”,
“expect”, “believe”, “will”, “projected”,
“estimated” and similar expressions and statements relating to
matters that are not historical facts are intended to identify
forward-looking information and are based on Blue Horizon’s current
belief or assumptions as to the outcome and timing of such future
events. Forward-looking information is based on reasonable assumptions
that have been made by Blue Horizon at the date of the information and
is subject to known and unknown risks, uncertainties, and other
factors that may cause actual results or events to differ materially
from those anticipated in the forward-looking information. Given these
risks, uncertainties and assumptions, you should not unduly rely on
these forward-looking statements. The forward-looking information
contained in this press release is made as of the date hereof, and
Blue Horizon is not obligated to update or revise any forward-looking
information, whether as a result of new information, future events or
otherwise, except as required by applicable securities laws. The
foregoing statements expressly qualify any forward-looking information
contained herein.
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