Contec Innovations has appointed Don Lay VP corporate development. Lay, currently a member of the board of directors, is a principal at One Degree Capital, which has been retained by Contec to provide corporate finance and investor relation services. The agreement between Contec and One Degree Capital is subject to TSX Venture Exchange approval. Lay has held a variety of management, sales and technical positions in the enterprise software arena. Prior to co-founding One Degree Capital, he worked at Portfolio Partners Capital Corp.

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