id
stringlengths 7
10
| query
stringlengths 559
87.6k
| answer
stringlengths 16
1.58k
| text
stringlengths 288
87.3k
|
|---|---|---|---|
edtsum3364
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: GERMANTOWN, Md., March 17, 2021 /PRNewswire/ --Seneca Biopharma, Inc. (Nasdaq: SNCA), today announced that leading independent proxy advisory firm Institutional Shareholder Services, Inc. ("ISS") has recommended that Seneca stockholders vote in support of the proposed merger with Leading BioSciences, Inc. ("LBS") and vote "FOR" the proposals for the reverse stock split and issuance of shares in connection with the merger, to be considered and voted on at Seneca's March 24, 2021 special meeting of stockholders. "We are very pleased that ISS supports the Seneca board's recommendation that stockholders vote "FOR" the proposals in support of the merger with LBS," said Ken Carter, Seneca's Chairman. "We believe and are confident that this transaction is the best strategic option for Seneca and its stockholders". About Seneca Biopharma, Inc. Seneca Biopharma, Inc., is a clinical-stage biopharmaceutical company developing novel treatments for diseases of high unmet medical need. On December 17, 2020, Seneca announced that it had entered into a definitive Merger Agreement with Leading BioSciences, Inc. (LBS), a privately held company focused on developing novel therapeutics to improve human health through therapeutic protection of the gastrointestinal mucosal barrier. Pursuant to the Merger Agreement, Seneca is seeking to sell off its rights to NSI-566. Upon completion of the merger, the company is expected to operate under the name Palisade Bio, Inc. and trade on the Nasdaq Capital Market under the ticker symbol PALI. About Leading BioSciences, Inc. LBS is developing novel therapeutics designed to improve human health through therapeutic protection of the gastrointestinal mucosal barrier. LBS' initial focus is combatting the interruption of GI function (ileus) following major surgery in order to reduce recovery times and shorten the duration of patient hospital stays. Additionally, LBS believes that its investigational therapies have the potential to prevent the formation of postoperative adhesions (reducing hospital re-admissions and additional surgeries), as well as to address the myriad health conditions and complications associated with chronic disruption of the gastrointestinal mucosal barrier. No Offer or Solicitation This communication will not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities in connection with the proposed merger shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Important Additional Information Will be Filed with the SEC In connection with the proposed transactions between LBS and Seneca, Seneca filed a registration statement on Form S-4 that contained a proxy statement and prospectus with the Securities Exchange Commission ("SEC") on December 23, 2020. The registration statement was declared effective on February 11, 2021 and the proxy statement was mailed to the Seneca stockholders on or about February 12, 2021. This communication is not a substitute for the registration statement or the proxy statement or any other documents that Seneca may file with the SEC or send to its stockholders in connection with the proposed transactions. BEFORE MAKING ANY VOTING DECISION, SENECA URGES INVESTORS AND STOCKHOLDERS TO READ THESE MATERIALS, THE REGISTRATION STATEMENT, PROXY STATEMENT, AND PROSPECTUS, AS MAY BE AMENDED, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT SENECA, THE PROPOSED TRANSACTION AND RELATED MATTERS. You may obtain free copies of the registration statement, proxy statement and all other documents filed or that will be filed with the SEC regarding the proposed transaction at the website maintained by the SEC at www.sec.gov. The registration statement and proxy statementare available free of charge on Seneca's website at www.senecabio.com, by contacting Seneca's Investor Relations by phone at (301) 366-4960, or by electronic mail at [emailprotected]. Investors and stockholders are urged to read the registration statement, proxy statement, prospectus and the other relevant materials when they become available before making any voting or investment decision with respect to the proposed transaction. Participants in the Solicitation Seneca and LBS, and each of their respective directors and executive officers and certain of their other members of management and employees, may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Information about Seneca's directors and executive officers is included in Seneca's Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on March 27, 2020, the registration statement, proxy statement, and prospectus filed with the SEC on February 9, 2021. These documents can be obtained free of charge from the sources indicated above. Cautionary Statement Regarding Forward Looking Information: This news release contains "forward-looking statements" made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to future, not past, events and may often be identified by words such as "expect," "anticipate," "intend," "plan," "believe," "seek" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Specific risks and uncertainties that could cause our actual results to differ materially from those expressed in our forward-looking statements include risks inherent in the development and commercialization of potential products, uncertainty of clinical trial results or regulatory approvals or clearances, need for future capital, dependence upon collaborators and maintenance of our intellectual property rights. Actual results may differ materially from the results anticipated in these forward-looking statements. Additional information on potential factors that could affect our results and other risks and uncertainties are detailed from time to time in Seneca's periodic reports filed with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2019, its Quarterly Reports on Form 10-Q as well as and in other reports filed with the SEC. Except as required by applicable law, we do not assume any obligation to update any forward-looking statements. SOURCE Seneca Biopharma, Inc. Related Links https://senecabio.com
Answer:
|
Independent Advisory Firm ISS Recommends Seneca Biopharma, Inc. Stockholders Vote for Proposed Merger and Reverse Stock Split
|
GERMANTOWN, Md., March 17, 2021 /PRNewswire/ --Seneca Biopharma, Inc. (Nasdaq: SNCA), today announced that leading independent proxy advisory firm Institutional Shareholder Services, Inc. ("ISS") has recommended that Seneca stockholders vote in support of the proposed merger with Leading BioSciences, Inc. ("LBS") and vote "FOR" the proposals for the reverse stock split and issuance of shares in connection with the merger, to be considered and voted on at Seneca's March 24, 2021 special meeting of stockholders. "We are very pleased that ISS supports the Seneca board's recommendation that stockholders vote "FOR" the proposals in support of the merger with LBS," said Ken Carter, Seneca's Chairman. "We believe and are confident that this transaction is the best strategic option for Seneca and its stockholders". About Seneca Biopharma, Inc. Seneca Biopharma, Inc., is a clinical-stage biopharmaceutical company developing novel treatments for diseases of high unmet medical need. On December 17, 2020, Seneca announced that it had entered into a definitive Merger Agreement with Leading BioSciences, Inc. (LBS), a privately held company focused on developing novel therapeutics to improve human health through therapeutic protection of the gastrointestinal mucosal barrier. Pursuant to the Merger Agreement, Seneca is seeking to sell off its rights to NSI-566. Upon completion of the merger, the company is expected to operate under the name Palisade Bio, Inc. and trade on the Nasdaq Capital Market under the ticker symbol PALI. About Leading BioSciences, Inc. LBS is developing novel therapeutics designed to improve human health through therapeutic protection of the gastrointestinal mucosal barrier. LBS' initial focus is combatting the interruption of GI function (ileus) following major surgery in order to reduce recovery times and shorten the duration of patient hospital stays. Additionally, LBS believes that its investigational therapies have the potential to prevent the formation of postoperative adhesions (reducing hospital re-admissions and additional surgeries), as well as to address the myriad health conditions and complications associated with chronic disruption of the gastrointestinal mucosal barrier. No Offer or Solicitation This communication will not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities in connection with the proposed merger shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Important Additional Information Will be Filed with the SEC In connection with the proposed transactions between LBS and Seneca, Seneca filed a registration statement on Form S-4 that contained a proxy statement and prospectus with the Securities Exchange Commission ("SEC") on December 23, 2020. The registration statement was declared effective on February 11, 2021 and the proxy statement was mailed to the Seneca stockholders on or about February 12, 2021. This communication is not a substitute for the registration statement or the proxy statement or any other documents that Seneca may file with the SEC or send to its stockholders in connection with the proposed transactions. BEFORE MAKING ANY VOTING DECISION, SENECA URGES INVESTORS AND STOCKHOLDERS TO READ THESE MATERIALS, THE REGISTRATION STATEMENT, PROXY STATEMENT, AND PROSPECTUS, AS MAY BE AMENDED, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT SENECA, THE PROPOSED TRANSACTION AND RELATED MATTERS. You may obtain free copies of the registration statement, proxy statement and all other documents filed or that will be filed with the SEC regarding the proposed transaction at the website maintained by the SEC at www.sec.gov. The registration statement and proxy statementare available free of charge on Seneca's website at www.senecabio.com, by contacting Seneca's Investor Relations by phone at (301) 366-4960, or by electronic mail at [emailprotected]. Investors and stockholders are urged to read the registration statement, proxy statement, prospectus and the other relevant materials when they become available before making any voting or investment decision with respect to the proposed transaction. Participants in the Solicitation Seneca and LBS, and each of their respective directors and executive officers and certain of their other members of management and employees, may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Information about Seneca's directors and executive officers is included in Seneca's Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on March 27, 2020, the registration statement, proxy statement, and prospectus filed with the SEC on February 9, 2021. These documents can be obtained free of charge from the sources indicated above. Cautionary Statement Regarding Forward Looking Information: This news release contains "forward-looking statements" made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to future, not past, events and may often be identified by words such as "expect," "anticipate," "intend," "plan," "believe," "seek" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Specific risks and uncertainties that could cause our actual results to differ materially from those expressed in our forward-looking statements include risks inherent in the development and commercialization of potential products, uncertainty of clinical trial results or regulatory approvals or clearances, need for future capital, dependence upon collaborators and maintenance of our intellectual property rights. Actual results may differ materially from the results anticipated in these forward-looking statements. Additional information on potential factors that could affect our results and other risks and uncertainties are detailed from time to time in Seneca's periodic reports filed with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2019, its Quarterly Reports on Form 10-Q as well as and in other reports filed with the SEC. Except as required by applicable law, we do not assume any obligation to update any forward-looking statements. SOURCE Seneca Biopharma, Inc. Related Links https://senecabio.com
|
edtsum3366
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: DENVER, Feb. 3, 2021 /PRNewswire/ --Where's Weed, the "Yelp of cannabis" is celebrating National Pizza Day on February 9th with a giveaway of an all-time favorite munchie: pizza. It's no surprise that cannabis and pizza go hand in hand, which is why one winner will have the opportunity to win the perfect prize pack for the holiday -- $200 worth of pizza and a $100 Visa gift card. Continue Reading Where's Weed National Pizza Day Giveaway National Pizza Day Giveaway From Where's Weed Pizza comes in many varieties and has seemingly endless topping choices. Whether one prefers a classic Chicago deep-dish pizza, a thin New York slice or the addition of more interesting toppings like pineapple, Where's Weed is offering the chance to try a variety of local pizza and receive an additional Visa gift card by telling them all about it. "After everything that happened in 2020, Where's Weed wants to kick off the new year with deliciously good news for one lucky individual. Whether you consume cannabis or not, who doesn't like pizza?" says Samantha Chin, Director of Marketing. GRAND PRIZE: One winner will receive gift certificates valued at $200 to enjoy pizza from several local pizzerias. After they've eaten the pizza, the winner will have the chance to win an additional $100 Visa gift card for giving Where's Weed feedback and taking photos of the pizza orders.HOW TO ENTER:Where's Weed has made it incredibly easy to enter the giveaway. Eligible contestants can enter by visiting the following site to fill out a required form: https://wheresweed.com/blog/category/2021/jan/national-pizza-day-giveaway. After the initial entry, an individual can get up to 23 additional entry opportunities by sharing the contest, visiting Where's Weed accounts on different social media platforms, etc.The giveaway ends on February 10, 2021 at 11:59 pm MST and is only open to U.S. residents 21 years or older. A winner will be drawn on or around February 11, 2021. The official rules, offer terms & eligibility requirements can be found in the Terms & Conditionshere.Where's Weedis the all-inclusive online consumer resource connecting visitors with relevant cannabis businesses across the US and Canada. We showcase a variety of directories and educational content to help people find dispensaries, delivery services, MMJ doctors, related deals, strain information, cannabis news and much more. In addition to real-time menu integrations, our platform also offers online ordering for pick-up or delivery, making it easy for consumers to search & buy products. Please contact Samantha at 304-759-8181 or [emailprotected] for more information.SOURCE Wheres Weed
Answer:
|
Where's Weed Announces National Pizza Day Giveaway
|
DENVER, Feb. 3, 2021 /PRNewswire/ --Where's Weed, the "Yelp of cannabis" is celebrating National Pizza Day on February 9th with a giveaway of an all-time favorite munchie: pizza. It's no surprise that cannabis and pizza go hand in hand, which is why one winner will have the opportunity to win the perfect prize pack for the holiday -- $200 worth of pizza and a $100 Visa gift card. Continue Reading Where's Weed National Pizza Day Giveaway National Pizza Day Giveaway From Where's Weed Pizza comes in many varieties and has seemingly endless topping choices. Whether one prefers a classic Chicago deep-dish pizza, a thin New York slice or the addition of more interesting toppings like pineapple, Where's Weed is offering the chance to try a variety of local pizza and receive an additional Visa gift card by telling them all about it. "After everything that happened in 2020, Where's Weed wants to kick off the new year with deliciously good news for one lucky individual. Whether you consume cannabis or not, who doesn't like pizza?" says Samantha Chin, Director of Marketing. GRAND PRIZE: One winner will receive gift certificates valued at $200 to enjoy pizza from several local pizzerias. After they've eaten the pizza, the winner will have the chance to win an additional $100 Visa gift card for giving Where's Weed feedback and taking photos of the pizza orders.HOW TO ENTER:Where's Weed has made it incredibly easy to enter the giveaway. Eligible contestants can enter by visiting the following site to fill out a required form: https://wheresweed.com/blog/category/2021/jan/national-pizza-day-giveaway. After the initial entry, an individual can get up to 23 additional entry opportunities by sharing the contest, visiting Where's Weed accounts on different social media platforms, etc.The giveaway ends on February 10, 2021 at 11:59 pm MST and is only open to U.S. residents 21 years or older. A winner will be drawn on or around February 11, 2021. The official rules, offer terms & eligibility requirements can be found in the Terms & Conditionshere.Where's Weedis the all-inclusive online consumer resource connecting visitors with relevant cannabis businesses across the US and Canada. We showcase a variety of directories and educational content to help people find dispensaries, delivery services, MMJ doctors, related deals, strain information, cannabis news and much more. In addition to real-time menu integrations, our platform also offers online ordering for pick-up or delivery, making it easy for consumers to search & buy products. Please contact Samantha at 304-759-8181 or [emailprotected] for more information.SOURCE Wheres Weed
|
edtsum3381
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: LOUISVILLE, Ky., Oct. 13,2020 /PRNewswire/ --Michter's Master Distiller Dan McKee has approved the release of Michter's 25 Year Kentucky Straight Bourbon to the company's distributorand importernetwork for sale this November. The 2020 release marks the first bottling of Michter's 25 Year Bourbon since 2017. (PRNewsfoto/Michter's Distillery) "The bourbon that has been selected for this release by Dan McKee and our Master of Maturation Andrea Wilson is truly extraordinary," commented Michter's President Joseph J. Magliocco. "A hallmark of our older whiskeys is that they have beautifully complex character while not being overly oaked," observed Wilson. As Master Distiller at Michter's, McKee is the ultimate gatekeeper of the distillery's releases. He commented, "When I tasted these particular25 yearbarrels, I was thrilled about the quality." Michter's has a rich and long legacy of offering traditional American whiskeys of uncompromising quality. With each of its limited production offerings aged to peak maturity, Michter's highly acclaimed portfolio includes bourbon, rye,and American whiskey.Currently the Louisville based distiller is allocating all its whiskeys as demand has beenexceeding supply.The proof of this 2020 release is 116.2, and the suggested U.S. retail price for a 750ml bottle is $1,000. For more information, please visitwww.michters.com, and follow us onInstagram,Facebook, andTwitter.Contact: Joseph J. Magliocco 502-774-2300 x580 [emailprotected]SOURCE Michter's Distillery Related Links http://www.michters.com
Answer:
|
Michter's Announces First Bottling of 25 Year Bourbon In Three Years USA - English Nederland - Nederlands Deutschland - Deutsch France - Franais Italia - Italiano
|
LOUISVILLE, Ky., Oct. 13,2020 /PRNewswire/ --Michter's Master Distiller Dan McKee has approved the release of Michter's 25 Year Kentucky Straight Bourbon to the company's distributorand importernetwork for sale this November. The 2020 release marks the first bottling of Michter's 25 Year Bourbon since 2017. (PRNewsfoto/Michter's Distillery) "The bourbon that has been selected for this release by Dan McKee and our Master of Maturation Andrea Wilson is truly extraordinary," commented Michter's President Joseph J. Magliocco. "A hallmark of our older whiskeys is that they have beautifully complex character while not being overly oaked," observed Wilson. As Master Distiller at Michter's, McKee is the ultimate gatekeeper of the distillery's releases. He commented, "When I tasted these particular25 yearbarrels, I was thrilled about the quality." Michter's has a rich and long legacy of offering traditional American whiskeys of uncompromising quality. With each of its limited production offerings aged to peak maturity, Michter's highly acclaimed portfolio includes bourbon, rye,and American whiskey.Currently the Louisville based distiller is allocating all its whiskeys as demand has beenexceeding supply.The proof of this 2020 release is 116.2, and the suggested U.S. retail price for a 750ml bottle is $1,000. For more information, please visitwww.michters.com, and follow us onInstagram,Facebook, andTwitter.Contact: Joseph J. Magliocco 502-774-2300 x580 [emailprotected]SOURCE Michter's Distillery Related Links http://www.michters.com
|
edtsum3396
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SAN DIEGO, March 20, 2020 /PRNewswire/ -- TOOTRiS, a technology enabled service provider that connects parents to high-quality Child Care, has announced it has expanded its community assistance for working parents who cannot obtain Child Care due to the COVID-19 health crisis. In order to assist the employees who support California's vital assets, systems, and networks, but as parents, have lost their Child Care availability due to closure of schools and programs as a result of the COVID-19 pandemic, TOOTRiS has launched a comprehensive set of programs to assist impacted families, ensure California employers who can't risk losing employees over lack of Child Care have options, and provide help to Family Child Care providers (FCCs) that are currently languishing without enrollment or support. These new programs include: Emergency Enrollment Services: This program is helping impacted parents in the region connect with and place their children in open, safe Family Child Care providers; Operating Temporary Employer Sponsored Child Care: This program creates partnerships with regional employers that want to set up on-site Child Care pods (up to 10 children) for their staff as a temporary measure in order to support their employees. TOOTRiS has brought in Early Childhood Education staff to deploy and run these temporary on-site care facilities at no cost to employers; FCC Assistance and Resources: This program provides Family Child Care providers with disaster relief resources to help them understand what, as a small business, they may be eligible to apply for; and FCC/Parent Informational Kit: This program gives Family Child Care providers COVID-19 hard copy Informational Kits including good hygiene promotional posters for children, in both English and Spanish, to better educate FCCs, parents and children on COVID-19 facts, best practices, cleaning guidelines, and symptoms to watch for. "I am grateful to TOOTRiS for the help and support during these uncertain times, and for the materials and informational pamphlets that have helped us appease parents' concerns, while engaging children in fun filled self-hygiene activities," said Teresa Fuentes of Fuentes Day Care in Chula Vista, California. With this recent Executive Order N-33-20 issued by Gavin Newsom, the Governor of the State of California, TOOTRiS has accelerated its programs to assist Family Child Care providers, vital employers, and most importantly, the impacted parents and families in the region. "During these past few days so much has changed and we understand that everyone is adapting to an unprecedented situation no one could have predicted AKA the "New Normal," said Alessandra Lezama, TOOTRiS CEO. "Child Care is essential and Family Child Care providers are a crucial part of our communities. Everyone at TOOTRiS is working relentlessly to support Family Child Care providers in real time, to ensure that we can provide the necessary assistance to San Diegans so that they may continue their work in our regions critical infrastructure sectors in this time of National Emergency." About TOOTRiS TOOTRiS is the first and only technology enabled service provider that allows parents affordable access to high-quality Child Care, anytime, anywhere. TOOTRiS helps parents secure Child Care around the clock, based on their real-time location, scheduling and budgetary requirements. Providing biometric security, online visibility into the care of their child and integrating pay-as-you-go payment processing, TOOTRiS empowers more parents especially women to return to the workforce with complete peace of mind. Behind the scenes, TOOTRiS is creating the new FCC Economy (Family Child Care) providing automation tools for licensing, managing and marketing of high-quality Child Care to help elevate stay-at-home moms, teachers, nurses, nannies and others with a passion for children and start a six-figure income career in Child Care. Working alongside federal, state and local organizations, industry experts, early childhood center directors, and most importantly, parents, TOOTRiS delivers an invaluable service accessible by desktop or mobile devices that matches the expectations of today's digitally empowered families. Learn more about TOOTRiS at https://tootris.com Contact: Jasmin BelisarioO: (858) 208-4044 x104 M: (858) 880-6029Email: [emailprotected] SOURCE TOOTRiS
Answer:
|
TOOTRiS Announces Measures to Support Child Care for Parents Impacted by COVID-19 Measures to Include Temporary On-site Child Care Support for Vital Employers During California's State of Emergency
|
SAN DIEGO, March 20, 2020 /PRNewswire/ -- TOOTRiS, a technology enabled service provider that connects parents to high-quality Child Care, has announced it has expanded its community assistance for working parents who cannot obtain Child Care due to the COVID-19 health crisis. In order to assist the employees who support California's vital assets, systems, and networks, but as parents, have lost their Child Care availability due to closure of schools and programs as a result of the COVID-19 pandemic, TOOTRiS has launched a comprehensive set of programs to assist impacted families, ensure California employers who can't risk losing employees over lack of Child Care have options, and provide help to Family Child Care providers (FCCs) that are currently languishing without enrollment or support. These new programs include: Emergency Enrollment Services: This program is helping impacted parents in the region connect with and place their children in open, safe Family Child Care providers; Operating Temporary Employer Sponsored Child Care: This program creates partnerships with regional employers that want to set up on-site Child Care pods (up to 10 children) for their staff as a temporary measure in order to support their employees. TOOTRiS has brought in Early Childhood Education staff to deploy and run these temporary on-site care facilities at no cost to employers; FCC Assistance and Resources: This program provides Family Child Care providers with disaster relief resources to help them understand what, as a small business, they may be eligible to apply for; and FCC/Parent Informational Kit: This program gives Family Child Care providers COVID-19 hard copy Informational Kits including good hygiene promotional posters for children, in both English and Spanish, to better educate FCCs, parents and children on COVID-19 facts, best practices, cleaning guidelines, and symptoms to watch for. "I am grateful to TOOTRiS for the help and support during these uncertain times, and for the materials and informational pamphlets that have helped us appease parents' concerns, while engaging children in fun filled self-hygiene activities," said Teresa Fuentes of Fuentes Day Care in Chula Vista, California. With this recent Executive Order N-33-20 issued by Gavin Newsom, the Governor of the State of California, TOOTRiS has accelerated its programs to assist Family Child Care providers, vital employers, and most importantly, the impacted parents and families in the region. "During these past few days so much has changed and we understand that everyone is adapting to an unprecedented situation no one could have predicted AKA the "New Normal," said Alessandra Lezama, TOOTRiS CEO. "Child Care is essential and Family Child Care providers are a crucial part of our communities. Everyone at TOOTRiS is working relentlessly to support Family Child Care providers in real time, to ensure that we can provide the necessary assistance to San Diegans so that they may continue their work in our regions critical infrastructure sectors in this time of National Emergency." About TOOTRiS TOOTRiS is the first and only technology enabled service provider that allows parents affordable access to high-quality Child Care, anytime, anywhere. TOOTRiS helps parents secure Child Care around the clock, based on their real-time location, scheduling and budgetary requirements. Providing biometric security, online visibility into the care of their child and integrating pay-as-you-go payment processing, TOOTRiS empowers more parents especially women to return to the workforce with complete peace of mind. Behind the scenes, TOOTRiS is creating the new FCC Economy (Family Child Care) providing automation tools for licensing, managing and marketing of high-quality Child Care to help elevate stay-at-home moms, teachers, nurses, nannies and others with a passion for children and start a six-figure income career in Child Care. Working alongside federal, state and local organizations, industry experts, early childhood center directors, and most importantly, parents, TOOTRiS delivers an invaluable service accessible by desktop or mobile devices that matches the expectations of today's digitally empowered families. Learn more about TOOTRiS at https://tootris.com Contact: Jasmin BelisarioO: (858) 208-4044 x104 M: (858) 880-6029Email: [emailprotected] SOURCE TOOTRiS
|
edtsum3402
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW ORLEANS, Nov. 6, 2020 /PRNewswire/ --Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF continues its investigation into Citigroup Inc. (NYSE: C). On August 12, 2020, it was revealed that the Company had inadvertently wired $900 million of its own money to various lenders of Revlon Inc., seemingly intended as an interest payment from Revlon on a loan for which Citibank acts as an administrative agent, which it later referred to as "an operational mistake." Then, on October 7, 2020, U.S. banking regulators announced a $400 million fine and other consent orders entered against the Company for "longstanding" risk management, data governance and internal controls deficiencies. Then, on October 13, 2020, the Company reported a 5% increase in expenses during the third quarter, to a total of $11 billion, due in part to additional costs related to regulatory fines, investments in infrastructure, and other remediation costs related to control deficiencies. KSF's investigation is focusing on whether Citigroup's officers and/or directors breached their fiduciary duties to Citigroup's shareholders or otherwise violated state or federal laws. If you have information that would assist KSF in its investigation, or have been a long-term holder of Citigroup shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ([emailprotected]), or visit https://www.ksfcounsel.com/cases/nyse-c/ to learn more. About Kahn Swick & Foti, LLC KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. KSF serves a variety of clients including public institutional investors, hedge funds, money managers and retail investors in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana. To learn more about KSF, you may visit www.ksfcounsel.com. Contact: Kahn Swick & Foti, LLCLewis Kahn, Managing Partner[emailprotected]1-877-515-18501100 Poydras St., Suite 3200New Orleans, LA 70163 SOURCE Kahn Swick & Foti, LLC Related Links https://www.ksfcounsel.com
Answer:
|
CITIGROUP INVESTIGATION UPDATE BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of Citigroup Inc. - C
|
NEW ORLEANS, Nov. 6, 2020 /PRNewswire/ --Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF continues its investigation into Citigroup Inc. (NYSE: C). On August 12, 2020, it was revealed that the Company had inadvertently wired $900 million of its own money to various lenders of Revlon Inc., seemingly intended as an interest payment from Revlon on a loan for which Citibank acts as an administrative agent, which it later referred to as "an operational mistake." Then, on October 7, 2020, U.S. banking regulators announced a $400 million fine and other consent orders entered against the Company for "longstanding" risk management, data governance and internal controls deficiencies. Then, on October 13, 2020, the Company reported a 5% increase in expenses during the third quarter, to a total of $11 billion, due in part to additional costs related to regulatory fines, investments in infrastructure, and other remediation costs related to control deficiencies. KSF's investigation is focusing on whether Citigroup's officers and/or directors breached their fiduciary duties to Citigroup's shareholders or otherwise violated state or federal laws. If you have information that would assist KSF in its investigation, or have been a long-term holder of Citigroup shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ([emailprotected]), or visit https://www.ksfcounsel.com/cases/nyse-c/ to learn more. About Kahn Swick & Foti, LLC KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. KSF serves a variety of clients including public institutional investors, hedge funds, money managers and retail investors in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana. To learn more about KSF, you may visit www.ksfcounsel.com. Contact: Kahn Swick & Foti, LLCLewis Kahn, Managing Partner[emailprotected]1-877-515-18501100 Poydras St., Suite 3200New Orleans, LA 70163 SOURCE Kahn Swick & Foti, LLC Related Links https://www.ksfcounsel.com
|
edtsum3411
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: CHARLOTTE, N.C., Oct. 27, 2020 /PRNewswire/ --Day & Zimmermann (D&Z), the century-old, family-owned provider of construction, engineering, maintenance, staffing, and defense solutions for leading corporations and governments around the world, has announced the acquisition of EMC Power Canada Ltd. (EMC), an Ontario-based specialized trade services and construction company. The acquisition expands D&Z's overall union staffing and project management capabilities as well as its geographic reach. Founded in 2005, EMC provides a wide range of expertise and services, including manufacturing, installation, modification, and maintenance for power generation and distribution. "EMC has been providing cost-effective solutions to their Canadian customers for more than 15 years, delivering safe, exceptional, and reliable construction services and project managementthe same results that Day & Zimmermann delivers for its U.S. customers," said Michael McMahon, President of Day & Zimmermann's Maintenance and Construction group. "This is a well-suited match that strengthens our commitment to the power industry on both sides of the border." "Day & Zimmermann's reputation for labor excellence in the industry is bar none. Their commitment to the U.S. Building Trades and the trust and respect they have established with both the craft workforce and plant owners will translate well here in Canada," said EMC Owner Lou Camara. "We look forward to contributing to Day & Zimmermann's continued success." "This acquisition is a natural extension of our business in North America," McMahon said. "EMC's safety culture, values, and commitment to customers make them a perfect fit for Day & Zimmermann." ABOUT DAY & ZIMMERMANNFounded in 1901, Day & Zimmermann is a family-owned company with a workforce of 41,000 specializing in construction & engineering, operations & maintenance, staffing, security and defense solutions for leading corporations and governments around the world. Operating from more than 150 worldwide locations with 2.4 Billion USD in revenue, Day & Zimmermann is currently ranked as one of the largest private companies in the U.S. by Forbes. Headquartered in Philadelphia, PA, our first work was to develop "Betterment Reports" that helped modernize American factories. Today, we are still in the business of bettermentmaintaining the nation's power infrastructure, protecting American freedoms and accelerating innovation around the world. We do what we say http://www.dayzim.com ABOUT EMC POWER CANADA Operating since 2005, EMC Power Canada Ltd. (EMC) provides specialized construction management and multi-discipline trade services for transmission and generation power sector clients. We offer a wide range of expertise and are fully equipped to provide clients with services including manufacturing, installation, modification, and maintenance for power generation and distribution in nuclear and non-nuclear applications. EMC employs over one hundred personnel from the Tri-County Area (Bruce, Grey and Huron County) and is committed to supporting local businesses and its community, utilizing a 'local vendors first' approach in support of all projects. SOURCE Day & Zimmermann
Answer:
|
Day & Zimmermann Acquires EMC Power to Serve Canadian Power Generation Market
|
CHARLOTTE, N.C., Oct. 27, 2020 /PRNewswire/ --Day & Zimmermann (D&Z), the century-old, family-owned provider of construction, engineering, maintenance, staffing, and defense solutions for leading corporations and governments around the world, has announced the acquisition of EMC Power Canada Ltd. (EMC), an Ontario-based specialized trade services and construction company. The acquisition expands D&Z's overall union staffing and project management capabilities as well as its geographic reach. Founded in 2005, EMC provides a wide range of expertise and services, including manufacturing, installation, modification, and maintenance for power generation and distribution. "EMC has been providing cost-effective solutions to their Canadian customers for more than 15 years, delivering safe, exceptional, and reliable construction services and project managementthe same results that Day & Zimmermann delivers for its U.S. customers," said Michael McMahon, President of Day & Zimmermann's Maintenance and Construction group. "This is a well-suited match that strengthens our commitment to the power industry on both sides of the border." "Day & Zimmermann's reputation for labor excellence in the industry is bar none. Their commitment to the U.S. Building Trades and the trust and respect they have established with both the craft workforce and plant owners will translate well here in Canada," said EMC Owner Lou Camara. "We look forward to contributing to Day & Zimmermann's continued success." "This acquisition is a natural extension of our business in North America," McMahon said. "EMC's safety culture, values, and commitment to customers make them a perfect fit for Day & Zimmermann." ABOUT DAY & ZIMMERMANNFounded in 1901, Day & Zimmermann is a family-owned company with a workforce of 41,000 specializing in construction & engineering, operations & maintenance, staffing, security and defense solutions for leading corporations and governments around the world. Operating from more than 150 worldwide locations with 2.4 Billion USD in revenue, Day & Zimmermann is currently ranked as one of the largest private companies in the U.S. by Forbes. Headquartered in Philadelphia, PA, our first work was to develop "Betterment Reports" that helped modernize American factories. Today, we are still in the business of bettermentmaintaining the nation's power infrastructure, protecting American freedoms and accelerating innovation around the world. We do what we say http://www.dayzim.com ABOUT EMC POWER CANADA Operating since 2005, EMC Power Canada Ltd. (EMC) provides specialized construction management and multi-discipline trade services for transmission and generation power sector clients. We offer a wide range of expertise and are fully equipped to provide clients with services including manufacturing, installation, modification, and maintenance for power generation and distribution in nuclear and non-nuclear applications. EMC employs over one hundred personnel from the Tri-County Area (Bruce, Grey and Huron County) and is committed to supporting local businesses and its community, utilizing a 'local vendors first' approach in support of all projects. SOURCE Day & Zimmermann
|
edtsum3413
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: STOCKHOLM, March 22, 2021 /PRNewswire/ -- Safeture has entered into an agreement with the U.S./EU corporation Insured Nomads, the first insurtech company focused on remote workers, digital nomads, expats, and travelers. As of now, Insured Nomads, with the help of Safeture's technology, can offer and extend policyholders with an upgrade of benefits and services suited to the needs of the new normal. Initially, the agreement runs for three years and gives Safeture 500 000+ USD plus additional revenue with membership growth. Although working remotely was initially viewed as a perk, a recent survey of HR, legal and compliance, finance, and real estate professionals found that 47% of respondents will allow remote work on a full-time basis*. This increase creates a demand for new and better solutions that guarantee that employees are safe and protected regardless of their workplace. Insured Nomads is at the forefront of addressing these needs and challenges for remote workers, digital nomads, expats, and travelers. " The global and remote work lifestyle has been a growing sector but has been accelerated due to the pandemic. By adding Safeture's technology, we give our policyholders an increased level of security and instant protection while traveling, all within a native app for our Juvo experience," says Allen Koski, President, and Chief Innovation Officer at Insured Nomads. The collaboration with Insured Nomads begins on April 1, 2021. Initially, the agreement gives Safeture more than 500 000 USD over three years plus revenue per user as membership globally increases. " This is a key order for us. It clarifies the shift in the economy, and it is obvious for attractive employers to offer adequate protection even for the category of employees who rarely set foot in an office - always out of office. I think we will see more of this in the future," says Magnus Hultman, CEO of Safeture. Our partnership with Insured Nomads signals the true evolution and investment in the remote worker. Identifying their needs and providing the technology to meet them will be the focus of the Safeture and Insured Nomads partnership for the foreseeable future. With Safeture's technology, Insured Nomads can offer policyholders a blended and unique suite of benefits. Including custom technology, insurance, counseling, telemedicine, global location intelligence, SOS/panic button response with boots on the ground, duty of care and more as part of the Juvo branded app experience. For additional information, visit safeture.comor contact: Safeture CEO Magnus Hultman: +46 706 00 81 66. [emailprotected] *Source: https://www.flexjobs.com/blog/post/remote-work-statistics/ About Insured Nomads Insured Nomads is a globally distributed company, with registered regulated entities in London, England and Hamburg, Germany and Birmingham, AL, USA. They are the first insurtech (insurance + technology) company focused on remote workers, digital nomads, expats and travelers around the world. Through Juvo, community members have access to a curated bundle of benefits that include a virtual bodyguard with crisis evacuation services, cyber security protection, mental health/wellbeing counseling, telemedicine/virtual health, airport lounge entry, global intelligence with intercultural development on cities and countries, and much more. Insured Nomads is committed to addressing the needs and challenges of all travelers, especially the new, digital nomad and empowering them with the services to thrive. About Safeture AB Safeture (founded in 2009) is a Software as a Service (SaaS) company based in Sweden. The company offers a complete cloud-based platform designed to manage employee safety and risk/crisis management. Through world-leading technology and innovative solutions, Safeture helps companies and organizations to protect what matters most - their employees. Safeture corporations the ability to effectively automate safety and security while seamlessly integrating the software to become a natural part of their internal processes. The Safeture share is listed on NASDAQ First North Growth Market Stockholm (ticker: SFTR). Erik Penser Bank AB is the Certified Adviser. Ph: +46 8-463 83 00 E-mail: [emailprotected] For additional information, visit www.safeture.com or contact: Safeture CEO Magnus Hultman:+46706 00 81 66. [emailprotected] This information was brought to you by Cision http://news.cision.com https://news.cision.com/safeture-ab/r/safeture-signs-new-deal-with-insured-nomads--a-global-insurtech-for-the-new-normal,c3311309 The following files are available for download: https://news.cision.com/safeture-ab/i/5e871db87d84af9325b0b74f-insured-nomads,c2891586 5e871db87d84af9325b0b74f Insured Nomads https://mb.cision.com/Public/17559/3311309/b9f46745b2a3572f.pdf Final PR Insured Nomads ENG 210322 https://news.cision.com/safeture-ab/i/safeture2-platform-app-iso,c2891588 Safeture2-platform-app-ISO SOURCE Safeture AB
Answer:
|
Safeture signs new deal with Insured Nomads, a global insurtech for the new normal
|
STOCKHOLM, March 22, 2021 /PRNewswire/ -- Safeture has entered into an agreement with the U.S./EU corporation Insured Nomads, the first insurtech company focused on remote workers, digital nomads, expats, and travelers. As of now, Insured Nomads, with the help of Safeture's technology, can offer and extend policyholders with an upgrade of benefits and services suited to the needs of the new normal. Initially, the agreement runs for three years and gives Safeture 500 000+ USD plus additional revenue with membership growth. Although working remotely was initially viewed as a perk, a recent survey of HR, legal and compliance, finance, and real estate professionals found that 47% of respondents will allow remote work on a full-time basis*. This increase creates a demand for new and better solutions that guarantee that employees are safe and protected regardless of their workplace. Insured Nomads is at the forefront of addressing these needs and challenges for remote workers, digital nomads, expats, and travelers. " The global and remote work lifestyle has been a growing sector but has been accelerated due to the pandemic. By adding Safeture's technology, we give our policyholders an increased level of security and instant protection while traveling, all within a native app for our Juvo experience," says Allen Koski, President, and Chief Innovation Officer at Insured Nomads. The collaboration with Insured Nomads begins on April 1, 2021. Initially, the agreement gives Safeture more than 500 000 USD over three years plus revenue per user as membership globally increases. " This is a key order for us. It clarifies the shift in the economy, and it is obvious for attractive employers to offer adequate protection even for the category of employees who rarely set foot in an office - always out of office. I think we will see more of this in the future," says Magnus Hultman, CEO of Safeture. Our partnership with Insured Nomads signals the true evolution and investment in the remote worker. Identifying their needs and providing the technology to meet them will be the focus of the Safeture and Insured Nomads partnership for the foreseeable future. With Safeture's technology, Insured Nomads can offer policyholders a blended and unique suite of benefits. Including custom technology, insurance, counseling, telemedicine, global location intelligence, SOS/panic button response with boots on the ground, duty of care and more as part of the Juvo branded app experience. For additional information, visit safeture.comor contact: Safeture CEO Magnus Hultman: +46 706 00 81 66. [emailprotected] *Source: https://www.flexjobs.com/blog/post/remote-work-statistics/ About Insured Nomads Insured Nomads is a globally distributed company, with registered regulated entities in London, England and Hamburg, Germany and Birmingham, AL, USA. They are the first insurtech (insurance + technology) company focused on remote workers, digital nomads, expats and travelers around the world. Through Juvo, community members have access to a curated bundle of benefits that include a virtual bodyguard with crisis evacuation services, cyber security protection, mental health/wellbeing counseling, telemedicine/virtual health, airport lounge entry, global intelligence with intercultural development on cities and countries, and much more. Insured Nomads is committed to addressing the needs and challenges of all travelers, especially the new, digital nomad and empowering them with the services to thrive. About Safeture AB Safeture (founded in 2009) is a Software as a Service (SaaS) company based in Sweden. The company offers a complete cloud-based platform designed to manage employee safety and risk/crisis management. Through world-leading technology and innovative solutions, Safeture helps companies and organizations to protect what matters most - their employees. Safeture corporations the ability to effectively automate safety and security while seamlessly integrating the software to become a natural part of their internal processes. The Safeture share is listed on NASDAQ First North Growth Market Stockholm (ticker: SFTR). Erik Penser Bank AB is the Certified Adviser. Ph: +46 8-463 83 00 E-mail: [emailprotected] For additional information, visit www.safeture.com or contact: Safeture CEO Magnus Hultman:+46706 00 81 66. [emailprotected] This information was brought to you by Cision http://news.cision.com https://news.cision.com/safeture-ab/r/safeture-signs-new-deal-with-insured-nomads--a-global-insurtech-for-the-new-normal,c3311309 The following files are available for download: https://news.cision.com/safeture-ab/i/5e871db87d84af9325b0b74f-insured-nomads,c2891586 5e871db87d84af9325b0b74f Insured Nomads https://mb.cision.com/Public/17559/3311309/b9f46745b2a3572f.pdf Final PR Insured Nomads ENG 210322 https://news.cision.com/safeture-ab/i/safeture2-platform-app-iso,c2891588 Safeture2-platform-app-ISO SOURCE Safeture AB
|
edtsum3418
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: BERRYVILLE, Va., Jan. 29, 2021 /PRNewswire/ --Eagle Financial Services, Inc. (OTCQX: EFSI), the holding company for Bank of Clarke County, whose divisions include Eagle Investment Group, reported continued strong performance for the fourth quarter of 2020. The Board of Directors also announced a quarterly common stock cash dividend of $0.27 per common share, payable on February 19, 2021, to shareholders of record on February 8, 2021. Select highlights for the fourth quarter and the year include: Loan growth of $30.6 million and $191.6 million, respectively Deposit growth of $57.9 million and $241.6 million, respectively Net income of $2.5 million and $11.2 million, respectively Basic and diluted earnings per share of $0.74 and $3.27, respectively Brandon Lorey, President and CEO stated, "In the wake of another peak in COVID positivity rates, market uncertainty, and low interest rates, the Bank of Clarke County delivered another year of record earnings ($11.1MM) and the highest earnings per share ever realized through Eagle Financial Services ($3.27). Balance sheet growth for the Bank was equally as strong. Net of the volume related to PPP, the Bank realized core deposit growth of over 19% and gross loan growth above 12% during 2020. In addition to delivering these impressive growth numbers, the Bank was also able to decrease its total operating expense to total average assets by 24 basis points during the year as our focus on controllable expenses remains top of mind. I am also happy to announce another year of the Company's ability to increase the annual dividend to shareholders by $.04 in 2020 to $1.04 per share. Lastly, I would like to thank our employees for their continued focus on serving the financial needs of our customers despite these extraordinary times." Income Statement Review Net income was $11.2 million for the year ended December31, 2020 which represented an increase of 14.5% when compared to net income in 2019. The increase was mainly driven by net interest income increases related to net loan growth and reduced interest expense on deposit accounts. Net income for the quarter ended December31, 2020 was $2.5 million reflecting a decrease of 26.4% from the quarter ended September 30, 2020 and a decrease of 11.5% from the quarter ended December31, 2020. The decreases were mainly driven by the increase in the provision for loan losses during the quarter ended December31, 2020. A higher provision for loan losses was due to loan growth and the partial charge-off of certain impaired loans related to updated appraisals being received. Net interest income was $35.6 million for the year ended December31, 2020 compared to $31.2 million for the same period in 2019. This represented an increase of 14.1%. Net interest income for the quarter ended December31, 2020 was $9.4 million. Net interest income was $8.0 million for the quarter ended December31, 2019. The increase in net interest income for both periods resulted primarily from growth in the Company's loan portfolio as well as reduced interest expense on deposit accounts. Total loan interest income was $35.3 million for the year ended December31, 2020, reflecting an increase of $4.1 million or 13.3% from the year ended December31, 2019. Total loan interest income was $9.2 million for the quarter ended December31, 2020. Total loan interest income was $7.9 million for the quarter ended December31, 2019. Total loan interest income increased $1.3 million or 17.0% from the quarter ended December31, 2019 to the quarter ended December31, 2020. Average loans for the year ended December31, 2020 were $758.2 million compared to $628.3 million for the same period in 2019. The tax equivalent yield on average loans for the year ended December31, 2020 was 4.66%, a decrease of 31 basis points from the prior year. Average loans for the quarter ended December31, 2020 were $825.7 million compared to $640.7 million for the quarter ended December31, 2019. The tax equivalent yield on average loans for the quarter ended December31, 2020 was 4.47%, a decrease of 44 basis points from 4.91% for the same period in 2019. Much of this decrease in yield can be attributed to the SBA Paycheck Protection Program ("PPP") loans. During the year ended December31, 2020, the Company originated $88.5 million in PPP loans which have a 1.00% interest rate, much lower than the existing portfolio's yield. Interest and dividend income from the investment portfolio was $3.5 million and $4.0 million for the years ended December31, 2020 and December31, 2019, respectively. Interest and dividend income from the investment portfolio was $729 thousand for the quarter ended December31, 2020 compared to $998 thousand for the quarter ended December31, 2019. Average investments for the years ended December31, 2020 and December31, 2019 were $152.3 million and $144.6 million, respectively. Average investments for the quarter ended December31, 2020 were $149.1 million compared to $149.2 million for the quarter ended December31, 2019. The tax equivalent yield on average investments for the year ended December31, 2020 was 2.41%, down 52 basis points from 2.93% for the same period in 2019. The tax equivalent yield on average investments for the quarter ended December31, 2020 was 2.03%, down 75 basis points from 2.78% for the same period in 2019. Total interest expense was $3.3 million and $4.2 million for the years ended December31, 2020 and December31, 2019, respectively. Total interest expense was $592 thousand for the three months ended December31, 2020 and $1.1 million for three months ended December31, 2019. The decrease in interest expense resulted from the reduction in interest rates paid on deposit accounts. The average cost of interest-bearing liabilities decreased 31 basis points when comparing the years ended December31, 2020 and December31, 2019. The average cost of interest-bearing liabilities decreased 48 basis points when comparing the quarter ended December31, 2020 to the quarter ended December31, 2019. The average balance of interest-bearing liabilities increased $85.7 million from the year ended December31, 2019 to the year ended December31, 2020. The average balance of interest-bearing liabilities increased $109.3 million from the quarter ended December31, 2019 to the same period in 2020. The net interest margin was 3.76% for the year ended December31, 2020. When compared to the year ended December31, 2019, the net interest margin decreased 26 basis points. The net interest margin was 3.63% for the quarter ended December31, 2020. For the quarter ended December31, 2019, the net interest margin was 3.90%. These declines can be attributed to current interest rate environment where rates have declined as loans repriced and higher yielding investment securities are called. The Company's net interest margin is not a measurement under accounting principles generally accepted in the United States, but it is a common measure used by the financial services industry to determine how profitably earning assets are funded. The Company's net interest margin is calculated by dividing tax equivalent net interest income by total average earning assets. Tax equivalent net interest income is calculated by grossing up interest income for the amounts that are non-taxable (i.e., municipal income) then subtracting interest expense. The tax rate utilized is 21%. Noninterest income was $8.6 million and $7.8 million for the years ended December31, 2020 and December31, 2019, respectively. The increase was driven mostly by the $687 thousand gain on sale of AFS securities recognized during the year ended December31, 2020. Noninterest income was $2.3 million for the quarter ended December31, 2020, which represented an increase of $433 thousand or 23.8% from the $1.8 million for the three months ended December31, 2019. The increase was driven mostly by cash distributions from investments in tax credits. Noninterest expense increased $2.7 million or 10.0% for the year ended years ended December31, 2020 in comparison to the year ended December31, 2019. Noninterest expense increased $1.8 million, or 28.2%, to $8.1 million for the quarter ended December31, 2020 from $6.3 million for the quarter ended December31, 2019. The COVID-19 pandemic has had and continues to have an impact on noninterest expenses. Much of this increase resulted from the increase in salaries and benefits expenses. Annual pay increases, newly hired employees, COVID pay for employees that were unable to work remotely during the pandemic and additional bonuses for loan employees originating SBA PPP lending have attributed to these increases. Increases in equipment expenses and computer software expenses in comparison to the prior year were largely due to hardware and software purchases to allow for remote work during the COVID-19 pandemic.Additional costs were incurred for enhanced branch cleanings and the purchase of personal protective equipment (PPE) throughout the year. Asset Quality and Provision for Loan Losses Nonperforming assets consist of nonaccrual loans, loans 90 days or more past due and still accruing, other real estate owned (foreclosed properties), and repossessed assets. Nonperforming assets increased from $2.4 million or 0.27% of total assets at December31, 2019 to $5.4 million or 0.48% of total assets at December31, 2020. This increase resulted from loans being placed into nonaccrual status during 2020. Total nonaccrual loans were $4.8 million at December31, 2020 and $2.2 million at December31, 2019. Several larger dollar loans were placed in nonaccrual status during the second quarter of 2020. The majority of these loans are in the commercial real estate portfolio and have had cash flows negatively impacted by the COVID-19 pandemic. The majority of all nonaccrual loans are secured by real estate and management evaluates the financial condition of these borrowers and the value of any collateral on these loans. The results of these evaluations are used to estimate the amount of losses which may be realized on the disposition of these nonaccrual loans. Other real estate owned was $607 thousand at December31, 2020 and $183 thousand at December31, 2019. Two residential properties were added to other real estate owned during 2020 through deeds in lieu of foreclosure. The Company may, under certain circumstances, restructure loans in troubled debt restructurings as a concession to a borrower when the borrower is experiencing financial distress. Formal, standardized loan restructuring programs are not utilized by the Company. Each loan considered for restructuring is evaluated based on customer circumstances and may include modifications to one or more loan provision. Such restructured loans are included in impaired loans but may not necessarily be nonperforming loans. At December31, 2020, the Company had 17 troubled debt restructurings totalling $3.3million. Approximately $2.5million or 14 loans are performing loans, while the remaining loans are on non-accrual status. At December31, 2019, the Company had 16 troubled debt restructurings totalling $3.0million. Approximately $2.6million or 12 loans were performing loans, while the remaining loans were on non-accrual status. The Company realized $267 thousand in net charge-offs for the quarter ended December31, 2020 versus net recoveries of $20 thousand for the quarter ended December31, 2019. The amount of provision for loan losses reflects the results of the Bank's analysis used to determine the adequacy of the allowance for loan losses. The Company recorded a provision for loan losses of $702 thousand for the quarter ended December31, 2020. The Company recognized provision for loan losses of $62 thousand for the quarter ended December31, 2019. The provision for the quarter ended December31, 2020 resulted from both loan growth during the quarter as well as the partial charge-off of certain impaired loans related to updated appraisals being received. The ratio of allowance for loan losses to total loans was 0.85% at December31, 2020 and 0.77% at December31, 2019, respectively. Excluding outstanding PPP loans of $81.3 million as of December31, 2020, the allowance for loan losses as a percentage of total loans was 0.94%. The ratio of allowance for loan losses to total nonaccrual loans was 146.85% and 227.59% at December31, 2020 and December31, 2019, respectively. Management's judgment in determining the level of the allowance is based on evaluations of the collectability of loans while taking into consideration such factors as trends in delinquencies and charge-offs, changes in the nature and volume of the loan portfolio, current economic conditions that may affect a borrower's ability to repay and the value of collateral, overall portfolio quality and review of specific potential losses. The Company is committed to maintaining an allowance at a level that adequately reflects the risk inherent in the loan portfolio. Total Consolidated Assets Total consolidated assets of the Company at December31, 2020 were $1.13 billion, which represented an increase of $252.8 million or 28.8% from total assets of $877.3 million at December31, 2019. Gross loans increased $191.6 million or 29.7% between December31, 2019 and December31, 2020. The growth in total loans and total assets during the year ended December31, 2020 was largely due to regular loan portfolio growth as the Company expands lending types and markets. Deposits and Other Borrowings Total deposits increased $241.6 million to $1.01 billion at December31, 2020 from $771.5 million at December31, 2019. The growth in deposits mainly reflected both regular deposit growth and the Company expansion to new areas as well as PPP loan proceeds being deposited into customers' accounts at the time the loans were originated and remaining on deposit as of December31, 2020. The Company had no outstanding borrowings from the Federal Home Loan Bank of Atlanta at December31, 2020 or December31, 2019. Equity Shareholders' equity was $105.1 million at December31, 2020 and $96.3 million at December31, 2019. The book value of the Company at December31, 2020 was $31.05 per common share. Total common shares outstanding were 3,405,035 at December31, 2020. The board of directors declared a $0.27 per common share cash dividend for shareholders of record as of February 8, 2021 and payable on February 19, 2021. COVID-19 Impacts The COVID-19 crisis has changed our communities, both in the way we live and the way we do business. While circumstances continue to change, the Company is continuing to steadfastly work to meet and exceed the needs of its customers, employees, and the communities in which it does business. Customers' banking needs have continued to be fulfilled through multiple banking channels including mobile, digital, and adjusted-schedule physical. In efforts to assist local businesses during this pandemic, the Company originated 909 PPP loans (through two rounds of lending), totalling $88.5 million, into the hands of our community's small businesses. The Company is currently participating in the third round of PPP lending. In addition to local small businesses, the Company is also working with its consumer and commercial customers through its loan deferral program whereby customers experiencing hardships due to COVID-19 may be granted a deferral in loan payments for up to 90 days.During 2020, the Company approved 255 deferrals with current loan balances totalling approximately $130.2 million for its customers experiencing hardships related to COVID-19. As of December31, 2020, 241 loans with loan balances totalling approximately $128.7 million had begun making payments on their loans after the deferral date had passed. Cautionary Note About Forward-Looking Statements Certain information contained in this discussion may include "forward-looking statements" within the meaning of Section27A of the Securities Act of 1933, as amended, and Section21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements relate to the Company's future operations and are generally identified by phrases such as "the Company expects," "the Company believes" or words of similar import. Although the Company believes that its expectations with respect to the forward-looking statements are based upon reliable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that actual results, performance or achievements of the Company will not differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Factors that could have a material adverse effect on the operations and future prospects of the Company include, but are not limited to: changes in interest rates and general economic conditions; the effects of the COVID-19 pandemic, including on the Company's credit quality and business operations, as well as its impact on general economic and financial market conditions; the legislative and regulatory climate; monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and Federal Reserve; the quality or composition of the Company's loan or investment portfolios; demand for loan products; deposit flows; competition; demand for financial services in the Company's market area; acquisitions and dispositions; the Company's ability to keep pace with new technologies; a failure in or breach of the Company's operational or security systems or infrastructure, or those of third-party vendors or other service providers, including as a result of cyberattacks; the Company's capital and liquidity requirements; changes in tax and accounting rules, principles, policies and guidelines; and other factors included in the Company's Annual Report on Form 10-K for the year ended December 31, 2019 and other filings with the Securities and Exchange Commission. EAGLE FINANCIAL SERVICES, INC. KEY STATISTICS For the Three Months Ended 4Q20 3Q20 2Q20 1Q20 4Q19 Net Income (dollars in thousands) $ 2,506 $ 3,406 $ 2,819 $ 2,441 $ 2,831 Earnings per share, basic $ 0.74 $ 0.99 $ 0.83 $ 0.71 $ 0.83 Earnings per share, diluted $ 0.74 $ 0.99 $ 0.83 $ 0.71 $ 0.83 Return on average total assets 0.91 % 1.30 % 1.11 % 1.10 % 1.30 % Return on average total equity 9.56 % 13.21 % 11.25 % 10.02 % 11.80 % Dividend payout ratio 35.14 % 26.26 % 31.33 % 36.62 % 31.33 % Fee revenue as a percent of total revenue 15.61 % 15.85 % 15.39 % 17.38 % 18.76 % Net interest margin(1) 3.63 % 3.86 % 3.70 % 3.86 % 3.90 % Yield on average earning assets 3.85 % 4.14 % 4.08 % 4.39 % 4.42 % Rate on average interest-bearing liabilities 0.40 % 0.48 % 0.64 % 0.86 % 0.88 % Net interest spread 3.45 % 3.66 % 3.44 % 3.53 % 3.54 % Tax equivalent adjustment to net interest income (dollars in thousands) $ 56 $ 61 $ 64 $ 68 $ 74 Non-interest income to average assets 0.81 % 0.84 % 0.95 % 0.76 % 0.83 % Non-interest expense to average assets 2.92 % 2.84 % 2.76 % 3.11 % 2.90 % Efficiency ratio(2) 69.21 % 64.43 % 65.45 % 70.42 % 64.11 % (1) The net interest margin is calculated by dividing tax equivalent net interest income by total average earning assets. Tax equivalent interest income is calculated by grossing up interest income for the amounts that are non-taxable (i.e., municipal income) then subtracting interest expense. The rate utilized is 21%. See the table below for the quarterly tax equivalent net interest income and the reconciliation of net interest income to tax equivalent net interest income. The Company's net interest margin is a common measure used by the financial service industry to determine how profitable earning assets are funded. Because the Company earns a fair amount of non-taxable interest income due to the mix of securities in its investment security portfolio, net interest income for the ratio is calculated on a tax equivalent basis as described above. (2) The efficiency ratio is not a measurement under accounting principles generally accepted in the United States. It is calculated by dividing non-interest expense by the sum of tax equivalent net interest income and non-interest income excluding gains and losses on the investment portfolio and sales of repossessed assets. The tax rate utilized is 21%. See the table below for the quarterly tax equivalent net interest income and a reconciliation of net interest income to tax equivalent net interest income. The Company calculates this ratio in order to evaluate its overhead structure or how effectively it is operating. An increase in the ratio from period to period indicates the Company is losing a larger percentage of its income to expenses. The Company believes that the efficiency ratio is a reasonable measure of profitability. EAGLE FINANCIAL SERVICES, INC. SELECTED FINANCIAL DATA BY QUARTER 4Q20 3Q20 2Q20 1Q20 4Q19 BALANCE SHEET RATIOS Loans to deposits 82.55 % 84.35 % 86.90 % 85.32 % 83.57 % Average interest-earning assets to average-interest bearing liabilities 175.23 % 173.54 % 168.79 % 163.80 % 167.77 % PER SHARE DATA Dividends $ 0.26 $ 0.26 $ 0.26 $ 0.26 $ 0.26 Book value 31.05 30.65 29.97 29.47 28.23 Tangible book value 31.05 30.65 29.97 29.47 28.23 SHARE PRICE DATA Closing price $ 29.50 $ 25.20 $ 25.71 $ 23.91 $ 31.05 Diluted earnings multiple(1) 9.97 6.36 7.74 8.42 9.35 Book value multiple(2) 0.95 0.82 0.86 0.81 1.10 COMMON STOCK DATA Outstanding shares at end of period 3,405,035 3,416,013 3,409,689 3,409,689 3,430,103 Weighted average shares outstanding 3,410,220 3,413,304 3,409,689 3,437,085 3,433,749 Weighted average shares outstanding, diluted 3,410,220 3,413,304 3,409,689 3,437,085 3,433,749 CAPITAL RATIOS Total equity to total assets 9.30 % 9.68 % 9.93 % 11.10 % 10.98 % CREDIT QUALITY Net charge-offs to average loans 0.03 % (0.02) % (0.03) % (0.08) % % Total non-performing loans to total loans 0.58 % 0.53 % 0.62 % 0.26 % 0.34 % Total non-performing assets to total assets 0.48 % 0.44 % 0.52 % 0.24 % 0.27 % Non-accrual loans to: total loans 0.58 % 0.53 % 0.54 % 0.26 % 0.34 % total assets 0.43 % 0.40 % 0.41 % 0.19 % 0.25 % Allowance for loan losses to: total loans 0.85 % 0.83 % 0.81 % 0.80 % 0.77 % non-performing assets 130.46 % 140.10 % 119.00 % 251.82 % 210.00 % non-accrual loans 146.85 % 155.10 % 158.08 % 317.42 % 227.59 % NON-PERFORMING ASSETS: (dollars in thousands) Loans delinquent over 90 days $ $ $ 665 $ $ Non-accrual loans 4,832 4,286 4,238 1,697 2,185 Other real estate owned and repossessed assets 607 442 442 442 183 NET LOAN CHARGE-OFFS (RECOVERIES): (dollars in thousands) Loans charged off $ 300 $ 22 $ 76 $ 67 $ 32 (Recoveries) (33) (218) (302) (578) (52) Net charge-offs (recoveries) 267 (196) (226) (511) (20) PROVISION FOR LOAN LOSSES (dollars in thousands) $ 702 $ 100 $ 752 $ (97) $ 62 ALLOWANCE FOR LOAN LOSS SUMMARY (dollars in thousands) Balance at the beginning of period $ 6,661 $ 6,365 $ 5,387 $ 4,973 $ 4,891 Provision 702 100 752 (97) 62 Net charge-offs (recoveries) 267 (196) (226) (511) (20) Balance at the end of period $ 7,096 $ 6,661 $ 6,365 $ 5,387 $ 4,973 (1) The diluted earnings multiple (or price earnings ratio) is calculated by dividing the period's closing market price per share by total equity per weighted average shares outstanding, diluted for the period. The diluted earnings multiple is a measure of how much an investor may be willing to pay for $1.00 of the Company's earnings. (2) The book value multiple (or price to book ratio) is calculated by dividing the period's closing market price per share by the period's book value per share. The book value multiple is a measure used to compare the Company's market value per share to its book value per share. EAGLE FINANCIAL SERVICES, INC. CONSOLIDATED BALANCE SHEETS (dollars in thousands) Unaudited 12/31/2020 Unaudited 9/30/2020 Unaudited 6/30/2020 Unaudited 3/31/2020 Audited 12/31/2019 Assets Cash and due from banks $ 79,698 $ 63,774 $ 38,099 $ 22,757 $ 33,407 Federal funds sold 222 270 264 288 252 Securities available for sale, at fair value 166,222 153,688 146,885 157,659 166,200 Loans, net of allowance for loan losses 829,238 799,040 782,569 668,645 639,787 Bank premises and equipment, net 18,725 18,906 19,047 19,179 19,297 Other assets 36,047 37,582 36,037 30,349 18,377 Total assets $ 1,130,152 $ 1,073,260 $ 1,022,901 $ 898,877 $ 877,320 Liabilities and Shareholders' Equity Liabilities Deposits: Noninterest bearing demand deposits $ 407,576 $ 379,198 $ 351,547 $ 271,508 $ 269,171 Savings and interest-bearing demand deposits 476,864 446,687 417,458 377,677 364,175 Time deposits 128,658 129,353 138,905 140,814 138,198 Total deposits $ 1,013,098 $ 955,238 $ 907,910 $ 789,999 $ 771,544 Federal Home Loan Bank advances Other liabilities 11,980 14,139 13,422 9,079 9,450 Commitments and contingent liabilities Total liabilities $ 1,025,078 $ 969,377 $ 921,332 $ 799,078 $ 780,994 Shareholders' Equity Preferred stock, $10 par value Common stock, $2.50 par value 8,460 8,472 8,473 8,466 8,529 Surplus 10,811 10,862 10,771 10,578 11,406 Retained earnings 82,524 80,907 78,388 76,457 74,909 Accumulated other comprehensive income 3,279 3,642 3,937 4,298 1,482 Total shareholders' equity $ 105,074 $ 103,883 $ 101,569 $ 99,799 $ 96,326 Total liabilities and shareholders' equity $ 1,130,152 $ 1,073,260 $ 1,022,901 $ 898,877 $ 877,320 EAGLE FINANCIAL SERVICES, INC. CONSOLIDATED STATEMENTS OF INCOME (dollars in thousands) Unaudited Three Months Ended Year Ended December 31, December 31, 2020 2019 2020 2019 Interest and Dividend Income Interest and fees on loans $ 9,249 $ 7,908 $ 35,273 $ 31,138 Interest on federal funds sold 1 1 4 Interest and dividends on securities available for sale: Taxable interest income 588 794 2,858 3,089 Interest income exempt from federal income taxes 127 183 588 856 Dividends 14 21 76 70 Interest on deposits in banks 12 120 112 297 Total interest and dividend income $ 9,990 $ 9,027 $ 38,908 $ 35,454 Interest Expense Interest on deposits $ 592 $ 1,071 $ 3,256 $ 4,193 Interest on federal funds purchased 31 Interest on Federal Home Loan Bank advances 6 25 15 Total interest expense $ 592 $ 1,077 $ 3,281 $ 4,239 Net interest income $ 9,398 $ 7,950 $ 35,627 $ 31,215 Provision For Loan Losses 702 62 1,457 629 Net interest income after provision for loan losses $ 8,696 $ 7,888 $ 34,170 $ 30,586 Noninterest Income Income from fiduciary activities $ 317 $ 354 $ 1,398 $ 1,380 Service charges on deposit accounts 246 313 920 1,187 Other service charges and fees 1,255 1,165 4,757 4,893 Gain on the sale of bank premises and equipment 5 5 137 Gain (loss) on sales of AFS securities 687 (7) Officer insurance income 93 (26) 310 (48) Other operating income 335 12 502 217 Total noninterest income $ 2,251 $ 1,818 $ 8,579 $ 7,759 Noninterest Expenses Salaries and employee benefits $ 4,874 $ 3,489 $ 18,074 $ 15,025 Occupancy expenses 380 396 1,592 1,611 Equipment expenses 222 232 988 857 Advertising and marketing expenses 198 211 707 868 Stationery and supplies 50 57 144 172 ATM network fees 272 315 1,009 1,141 Other real estate owned expenses 13 24 9 76 (Gain) loss on the sale of other real estate owned (11) (4) (143) 443 FDIC assessment 105 (36) 221 105 Computer software expense 198 125 679 459 Bank franchise tax 177 173 705 656 Professional fees 261 230 1,120 1,057 Data processing fees 493 369 1,657 1,275 Other operating expenses 855 729 2,679 3,031 Total noninterest expenses $ 8,087 $ 6,310 $ 29,441 $ 26,776 Income before income taxes $ 2,860 $ 3,396 $ 13,308 $ 11,569 Income Tax Expense 354 565 2,136 1,810 Net income $ 2,506 $ 2,831 $ 11,172 $ 9,759 Earnings Per Share Net income per common share, basic $ 0.74 $ 0.83 $ 3.27 $ 2.84 Net income per common share, diluted $ 0.74 $ 0.83 $ 3.27 $ 2.84 EAGLE FINANCIAL SERVICES, INC. Average Balances, Income and Expenses, Yields and Rates (dollars in thousands) For the Year Ended December31, 2020 December31, 2019 Interest Interest Average Income/ Average Average Income/ Average Assets: Balance Expense Yield Balance Expense Yield Securities: Taxable $ 130,566 $ 2,934 2.25 % $ 113,625 $ 3,159 2.78 % Tax-Exempt (1) 21,764 744 3.42 % 31,009 1,084 3.50 % Total Securities $ 152,330 $ 3,678 2.41 % $ 144,634 $ 4,243 2.93 % Loans: Taxable $ 744,622 $ 34,925 4.69 % $ 613,884 $ 30,722 5.00 % Non-accrual 3,618 % 2,723 % Tax-Exempt (1) 9,992 441 4.42 % 11,722 526 4.49 % Total Loans $ 758,232 $ 35,366 4.66 % $ 628,329 $ 31,248 4.97 % Federal funds sold 359 1 0.24 % 194 4 2.06 % Interest-bearing deposits in other banks 47,261 112 0.24 % 15,202 297 1.95 % Total earning assets $ 954,564 $ 39,157 4.10 % $ 785,636 $ 35,792 4.56 % Allowance for loan losses (6,041) (5,333) Total non-earning assets 66,007 49,780 Total assets $ 1,014,530 $ 830,083 Liabilities and Shareholders' Equity: Interest-bearing deposits: NOW accounts $ 108,965 $ 347 0.32 % $ 89,536 $ 450 0.50 % Money market accounts 184,346 930 0.50 % 150,291 1,463 0.97 % Savings accounts 122,560 121 0.10 % 105,176 207 0.20 % Time deposits: $250,000 and more 75,520 1,203 1.59 % 59,550 1,221 2.05 % Less than $250,000 60,600 655 1.08 % 61,775 852 1.38 % Total interest-bearing deposits $ 551,991 $ 3,256 0.59 % $ 466,328 $ 4,193 0.90 % Federal funds purchased 1 0.60 % 1,074 31 2.89 % Federal Home Loan Bank advances 7,650 25 0.33 % 2,547 15 0.59 % Total interest-bearing liabilities $ 559,642 $ 3,281 0.59 % $ 469,949 $ 4,239 0.90 % Noninterest-bearing liabilities: Demand deposits 341,229 258,176 Other Liabilities 12,357 9,900 Total liabilities $ 913,228 $ 738,025 Shareholders' equity 101,302 92,058 Total liabilities and shareholders' equity $ 1,014,530 $ 830,083 Net interest income $ 35,876 $ 31,553 Net interest spread 3.51 % 3.66 % Interest expense as a percent of average earning assets 0.34 % 0.54 % Net interest margin 3.76 % 4.02 % (1) Income and yields are reported on tax-equivalent basis using a federal tax rate of 21%. EAGLE FINANCIAL SERVICES, INC. Average Balances, Income and Expenses, Yields and Rates (dollars in thousands) For the Three Months Ended December31, 2020 December31, 2019 Interest Interest Average Income/ Average Average Income/ Average Assets: Balance Expense Yield Balance Expense Yield Securities: Taxable $ 130,033 $ 602 1.84 % $ 122,969 $ 815 2.63 % Tax-Exempt (1) 19,098 161 3.35 % 26,272 231 3.49 % Total Securities $ 149,131 $ 763 2.03 % $ 149,241 $ 1,046 2.78 % Loans: Taxable $ 811,055 $ 9,165 4.50 % $ 627,842 $ 7,811 4.94 % Non-accrual 4,911 % 1,857 % Tax-Exempt (1) 9,687 106 4.37 % 10,983 123 4.44 % Total Loans $ 825,653 $ 9,271 4.47 % $ 640,682 $ 7,934 4.91 % Federal funds sold 236 0.07 % 237 1 1.67 % Interest-bearing deposits in other banks 66,662 12 0.07 % 28,711 120 1.66 % Total earning assets $ 1,036,771 $ 10,046 3.85 % $ 817,014 $ 9,101 4.42 % Allowance for loan losses (6,678) (4,929) Total non-earning assets 71,423 52,118 Total assets $ 1,101,516 $ 864,203 Liabilities and Shareholders' Equity: Interest-bearing deposits: NOW accounts $ 120,244 $ 70 0.23 % $ 94,053 $ 109 0.46 % Money market accounts 208,357 178 0.34 % 151,460 350 0.92 % Savings accounts 133,886 20 0.06 % 106,756 49 0.18 % Time deposits: $250,000 and more 68,793 210 1.21 % 70,118 346 1.96 % Less than $250,000 60,379 114 0.75 % 60,020 217 1.43 % Total interest-bearing deposits $ 591,659 $ 592 0.40 % $ 482,407 $ 1,071 0.88 % Federal funds purchased 1 0.40 % 1 2.38 % Federal Home Loan Bank advances 4,565 6 0.56 % Total interest-bearing liabilities $ 591,660 $ 592 0.40 % $ 486,973 $ 1,077 0.88 % Noninterest-bearing liabilities: Demand deposits 391,240 270,531 Other Liabilities 14,302 11,519 Total liabilities $ 997,202 $ 769,023 Shareholders' equity 104,314 95,180 Total liabilities and shareholders' equity $ 1,101,516 $ 864,203 Net interest income $ 9,454 $ 8,024 Net interest spread 3.45 % 3.54 % Interest expense as a percent of average earning assets 0.23 % 0.52 % Net interest margin 3.63 % 3.90 % (1) Income and yields are reported on tax-equivalent basis using a federal tax rate of 21%. EAGLE FINANCIAL SERVICES, INC. Reconciliation of Tax-Equivalent Net Interest Income (dollars in thousands) Three Months Ended 12/31/2020 9/30/2020 6/30/2020 3/31/2020 12/31/2019 GAAP Financial Measurements: Interest Income - Loans $ 9,249 $ 9,312 $ 8,773 $ 7,939 $ 7,908 Interest Income - Securities and Other Interest-Earnings Assets 741 838 888 1,168 1,119 Interest Expense - Deposits 592 683 879 1,102 1,071 Interest Expense - Other Borrowings 25 6 Total Net Interest Income $ 9,398 $ 9,467 $ 8,757 $ 8,005 $ 7,950 Non-GAAP Financial Measurements: Add: Tax Benefit on Tax-Exempt Interest Income - Loans $ 22 $ 23 $ 24 $ 24 $ 26 Add: Tax Benefit on Tax-Exempt Interest Income - Securities 34 38 40 44 48 Total Tax Benefit on Tax-Exempt Interest Income $ 56 $ 61 $ 64 $ 68 $ 74 Tax-Equivalent Net Interest Income $ 9,454 $ 9,528 $ 8,821 $ 8,073 $ 8,024 SOURCE Eagle Financial Services, Inc. Related Links https://bankofclarke.bank
Answer:
|
Eagle Financial Services, Inc. Announces 2020 Fourth Quarter And Annual Financial Results And Quarterly Dividend
|
BERRYVILLE, Va., Jan. 29, 2021 /PRNewswire/ --Eagle Financial Services, Inc. (OTCQX: EFSI), the holding company for Bank of Clarke County, whose divisions include Eagle Investment Group, reported continued strong performance for the fourth quarter of 2020. The Board of Directors also announced a quarterly common stock cash dividend of $0.27 per common share, payable on February 19, 2021, to shareholders of record on February 8, 2021. Select highlights for the fourth quarter and the year include: Loan growth of $30.6 million and $191.6 million, respectively Deposit growth of $57.9 million and $241.6 million, respectively Net income of $2.5 million and $11.2 million, respectively Basic and diluted earnings per share of $0.74 and $3.27, respectively Brandon Lorey, President and CEO stated, "In the wake of another peak in COVID positivity rates, market uncertainty, and low interest rates, the Bank of Clarke County delivered another year of record earnings ($11.1MM) and the highest earnings per share ever realized through Eagle Financial Services ($3.27). Balance sheet growth for the Bank was equally as strong. Net of the volume related to PPP, the Bank realized core deposit growth of over 19% and gross loan growth above 12% during 2020. In addition to delivering these impressive growth numbers, the Bank was also able to decrease its total operating expense to total average assets by 24 basis points during the year as our focus on controllable expenses remains top of mind. I am also happy to announce another year of the Company's ability to increase the annual dividend to shareholders by $.04 in 2020 to $1.04 per share. Lastly, I would like to thank our employees for their continued focus on serving the financial needs of our customers despite these extraordinary times." Income Statement Review Net income was $11.2 million for the year ended December31, 2020 which represented an increase of 14.5% when compared to net income in 2019. The increase was mainly driven by net interest income increases related to net loan growth and reduced interest expense on deposit accounts. Net income for the quarter ended December31, 2020 was $2.5 million reflecting a decrease of 26.4% from the quarter ended September 30, 2020 and a decrease of 11.5% from the quarter ended December31, 2020. The decreases were mainly driven by the increase in the provision for loan losses during the quarter ended December31, 2020. A higher provision for loan losses was due to loan growth and the partial charge-off of certain impaired loans related to updated appraisals being received. Net interest income was $35.6 million for the year ended December31, 2020 compared to $31.2 million for the same period in 2019. This represented an increase of 14.1%. Net interest income for the quarter ended December31, 2020 was $9.4 million. Net interest income was $8.0 million for the quarter ended December31, 2019. The increase in net interest income for both periods resulted primarily from growth in the Company's loan portfolio as well as reduced interest expense on deposit accounts. Total loan interest income was $35.3 million for the year ended December31, 2020, reflecting an increase of $4.1 million or 13.3% from the year ended December31, 2019. Total loan interest income was $9.2 million for the quarter ended December31, 2020. Total loan interest income was $7.9 million for the quarter ended December31, 2019. Total loan interest income increased $1.3 million or 17.0% from the quarter ended December31, 2019 to the quarter ended December31, 2020. Average loans for the year ended December31, 2020 were $758.2 million compared to $628.3 million for the same period in 2019. The tax equivalent yield on average loans for the year ended December31, 2020 was 4.66%, a decrease of 31 basis points from the prior year. Average loans for the quarter ended December31, 2020 were $825.7 million compared to $640.7 million for the quarter ended December31, 2019. The tax equivalent yield on average loans for the quarter ended December31, 2020 was 4.47%, a decrease of 44 basis points from 4.91% for the same period in 2019. Much of this decrease in yield can be attributed to the SBA Paycheck Protection Program ("PPP") loans. During the year ended December31, 2020, the Company originated $88.5 million in PPP loans which have a 1.00% interest rate, much lower than the existing portfolio's yield. Interest and dividend income from the investment portfolio was $3.5 million and $4.0 million for the years ended December31, 2020 and December31, 2019, respectively. Interest and dividend income from the investment portfolio was $729 thousand for the quarter ended December31, 2020 compared to $998 thousand for the quarter ended December31, 2019. Average investments for the years ended December31, 2020 and December31, 2019 were $152.3 million and $144.6 million, respectively. Average investments for the quarter ended December31, 2020 were $149.1 million compared to $149.2 million for the quarter ended December31, 2019. The tax equivalent yield on average investments for the year ended December31, 2020 was 2.41%, down 52 basis points from 2.93% for the same period in 2019. The tax equivalent yield on average investments for the quarter ended December31, 2020 was 2.03%, down 75 basis points from 2.78% for the same period in 2019. Total interest expense was $3.3 million and $4.2 million for the years ended December31, 2020 and December31, 2019, respectively. Total interest expense was $592 thousand for the three months ended December31, 2020 and $1.1 million for three months ended December31, 2019. The decrease in interest expense resulted from the reduction in interest rates paid on deposit accounts. The average cost of interest-bearing liabilities decreased 31 basis points when comparing the years ended December31, 2020 and December31, 2019. The average cost of interest-bearing liabilities decreased 48 basis points when comparing the quarter ended December31, 2020 to the quarter ended December31, 2019. The average balance of interest-bearing liabilities increased $85.7 million from the year ended December31, 2019 to the year ended December31, 2020. The average balance of interest-bearing liabilities increased $109.3 million from the quarter ended December31, 2019 to the same period in 2020. The net interest margin was 3.76% for the year ended December31, 2020. When compared to the year ended December31, 2019, the net interest margin decreased 26 basis points. The net interest margin was 3.63% for the quarter ended December31, 2020. For the quarter ended December31, 2019, the net interest margin was 3.90%. These declines can be attributed to current interest rate environment where rates have declined as loans repriced and higher yielding investment securities are called. The Company's net interest margin is not a measurement under accounting principles generally accepted in the United States, but it is a common measure used by the financial services industry to determine how profitably earning assets are funded. The Company's net interest margin is calculated by dividing tax equivalent net interest income by total average earning assets. Tax equivalent net interest income is calculated by grossing up interest income for the amounts that are non-taxable (i.e., municipal income) then subtracting interest expense. The tax rate utilized is 21%. Noninterest income was $8.6 million and $7.8 million for the years ended December31, 2020 and December31, 2019, respectively. The increase was driven mostly by the $687 thousand gain on sale of AFS securities recognized during the year ended December31, 2020. Noninterest income was $2.3 million for the quarter ended December31, 2020, which represented an increase of $433 thousand or 23.8% from the $1.8 million for the three months ended December31, 2019. The increase was driven mostly by cash distributions from investments in tax credits. Noninterest expense increased $2.7 million or 10.0% for the year ended years ended December31, 2020 in comparison to the year ended December31, 2019. Noninterest expense increased $1.8 million, or 28.2%, to $8.1 million for the quarter ended December31, 2020 from $6.3 million for the quarter ended December31, 2019. The COVID-19 pandemic has had and continues to have an impact on noninterest expenses. Much of this increase resulted from the increase in salaries and benefits expenses. Annual pay increases, newly hired employees, COVID pay for employees that were unable to work remotely during the pandemic and additional bonuses for loan employees originating SBA PPP lending have attributed to these increases. Increases in equipment expenses and computer software expenses in comparison to the prior year were largely due to hardware and software purchases to allow for remote work during the COVID-19 pandemic.Additional costs were incurred for enhanced branch cleanings and the purchase of personal protective equipment (PPE) throughout the year. Asset Quality and Provision for Loan Losses Nonperforming assets consist of nonaccrual loans, loans 90 days or more past due and still accruing, other real estate owned (foreclosed properties), and repossessed assets. Nonperforming assets increased from $2.4 million or 0.27% of total assets at December31, 2019 to $5.4 million or 0.48% of total assets at December31, 2020. This increase resulted from loans being placed into nonaccrual status during 2020. Total nonaccrual loans were $4.8 million at December31, 2020 and $2.2 million at December31, 2019. Several larger dollar loans were placed in nonaccrual status during the second quarter of 2020. The majority of these loans are in the commercial real estate portfolio and have had cash flows negatively impacted by the COVID-19 pandemic. The majority of all nonaccrual loans are secured by real estate and management evaluates the financial condition of these borrowers and the value of any collateral on these loans. The results of these evaluations are used to estimate the amount of losses which may be realized on the disposition of these nonaccrual loans. Other real estate owned was $607 thousand at December31, 2020 and $183 thousand at December31, 2019. Two residential properties were added to other real estate owned during 2020 through deeds in lieu of foreclosure. The Company may, under certain circumstances, restructure loans in troubled debt restructurings as a concession to a borrower when the borrower is experiencing financial distress. Formal, standardized loan restructuring programs are not utilized by the Company. Each loan considered for restructuring is evaluated based on customer circumstances and may include modifications to one or more loan provision. Such restructured loans are included in impaired loans but may not necessarily be nonperforming loans. At December31, 2020, the Company had 17 troubled debt restructurings totalling $3.3million. Approximately $2.5million or 14 loans are performing loans, while the remaining loans are on non-accrual status. At December31, 2019, the Company had 16 troubled debt restructurings totalling $3.0million. Approximately $2.6million or 12 loans were performing loans, while the remaining loans were on non-accrual status. The Company realized $267 thousand in net charge-offs for the quarter ended December31, 2020 versus net recoveries of $20 thousand for the quarter ended December31, 2019. The amount of provision for loan losses reflects the results of the Bank's analysis used to determine the adequacy of the allowance for loan losses. The Company recorded a provision for loan losses of $702 thousand for the quarter ended December31, 2020. The Company recognized provision for loan losses of $62 thousand for the quarter ended December31, 2019. The provision for the quarter ended December31, 2020 resulted from both loan growth during the quarter as well as the partial charge-off of certain impaired loans related to updated appraisals being received. The ratio of allowance for loan losses to total loans was 0.85% at December31, 2020 and 0.77% at December31, 2019, respectively. Excluding outstanding PPP loans of $81.3 million as of December31, 2020, the allowance for loan losses as a percentage of total loans was 0.94%. The ratio of allowance for loan losses to total nonaccrual loans was 146.85% and 227.59% at December31, 2020 and December31, 2019, respectively. Management's judgment in determining the level of the allowance is based on evaluations of the collectability of loans while taking into consideration such factors as trends in delinquencies and charge-offs, changes in the nature and volume of the loan portfolio, current economic conditions that may affect a borrower's ability to repay and the value of collateral, overall portfolio quality and review of specific potential losses. The Company is committed to maintaining an allowance at a level that adequately reflects the risk inherent in the loan portfolio. Total Consolidated Assets Total consolidated assets of the Company at December31, 2020 were $1.13 billion, which represented an increase of $252.8 million or 28.8% from total assets of $877.3 million at December31, 2019. Gross loans increased $191.6 million or 29.7% between December31, 2019 and December31, 2020. The growth in total loans and total assets during the year ended December31, 2020 was largely due to regular loan portfolio growth as the Company expands lending types and markets. Deposits and Other Borrowings Total deposits increased $241.6 million to $1.01 billion at December31, 2020 from $771.5 million at December31, 2019. The growth in deposits mainly reflected both regular deposit growth and the Company expansion to new areas as well as PPP loan proceeds being deposited into customers' accounts at the time the loans were originated and remaining on deposit as of December31, 2020. The Company had no outstanding borrowings from the Federal Home Loan Bank of Atlanta at December31, 2020 or December31, 2019. Equity Shareholders' equity was $105.1 million at December31, 2020 and $96.3 million at December31, 2019. The book value of the Company at December31, 2020 was $31.05 per common share. Total common shares outstanding were 3,405,035 at December31, 2020. The board of directors declared a $0.27 per common share cash dividend for shareholders of record as of February 8, 2021 and payable on February 19, 2021. COVID-19 Impacts The COVID-19 crisis has changed our communities, both in the way we live and the way we do business. While circumstances continue to change, the Company is continuing to steadfastly work to meet and exceed the needs of its customers, employees, and the communities in which it does business. Customers' banking needs have continued to be fulfilled through multiple banking channels including mobile, digital, and adjusted-schedule physical. In efforts to assist local businesses during this pandemic, the Company originated 909 PPP loans (through two rounds of lending), totalling $88.5 million, into the hands of our community's small businesses. The Company is currently participating in the third round of PPP lending. In addition to local small businesses, the Company is also working with its consumer and commercial customers through its loan deferral program whereby customers experiencing hardships due to COVID-19 may be granted a deferral in loan payments for up to 90 days.During 2020, the Company approved 255 deferrals with current loan balances totalling approximately $130.2 million for its customers experiencing hardships related to COVID-19. As of December31, 2020, 241 loans with loan balances totalling approximately $128.7 million had begun making payments on their loans after the deferral date had passed. Cautionary Note About Forward-Looking Statements Certain information contained in this discussion may include "forward-looking statements" within the meaning of Section27A of the Securities Act of 1933, as amended, and Section21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements relate to the Company's future operations and are generally identified by phrases such as "the Company expects," "the Company believes" or words of similar import. Although the Company believes that its expectations with respect to the forward-looking statements are based upon reliable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that actual results, performance or achievements of the Company will not differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Factors that could have a material adverse effect on the operations and future prospects of the Company include, but are not limited to: changes in interest rates and general economic conditions; the effects of the COVID-19 pandemic, including on the Company's credit quality and business operations, as well as its impact on general economic and financial market conditions; the legislative and regulatory climate; monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and Federal Reserve; the quality or composition of the Company's loan or investment portfolios; demand for loan products; deposit flows; competition; demand for financial services in the Company's market area; acquisitions and dispositions; the Company's ability to keep pace with new technologies; a failure in or breach of the Company's operational or security systems or infrastructure, or those of third-party vendors or other service providers, including as a result of cyberattacks; the Company's capital and liquidity requirements; changes in tax and accounting rules, principles, policies and guidelines; and other factors included in the Company's Annual Report on Form 10-K for the year ended December 31, 2019 and other filings with the Securities and Exchange Commission. EAGLE FINANCIAL SERVICES, INC. KEY STATISTICS For the Three Months Ended 4Q20 3Q20 2Q20 1Q20 4Q19 Net Income (dollars in thousands) $ 2,506 $ 3,406 $ 2,819 $ 2,441 $ 2,831 Earnings per share, basic $ 0.74 $ 0.99 $ 0.83 $ 0.71 $ 0.83 Earnings per share, diluted $ 0.74 $ 0.99 $ 0.83 $ 0.71 $ 0.83 Return on average total assets 0.91 % 1.30 % 1.11 % 1.10 % 1.30 % Return on average total equity 9.56 % 13.21 % 11.25 % 10.02 % 11.80 % Dividend payout ratio 35.14 % 26.26 % 31.33 % 36.62 % 31.33 % Fee revenue as a percent of total revenue 15.61 % 15.85 % 15.39 % 17.38 % 18.76 % Net interest margin(1) 3.63 % 3.86 % 3.70 % 3.86 % 3.90 % Yield on average earning assets 3.85 % 4.14 % 4.08 % 4.39 % 4.42 % Rate on average interest-bearing liabilities 0.40 % 0.48 % 0.64 % 0.86 % 0.88 % Net interest spread 3.45 % 3.66 % 3.44 % 3.53 % 3.54 % Tax equivalent adjustment to net interest income (dollars in thousands) $ 56 $ 61 $ 64 $ 68 $ 74 Non-interest income to average assets 0.81 % 0.84 % 0.95 % 0.76 % 0.83 % Non-interest expense to average assets 2.92 % 2.84 % 2.76 % 3.11 % 2.90 % Efficiency ratio(2) 69.21 % 64.43 % 65.45 % 70.42 % 64.11 % (1) The net interest margin is calculated by dividing tax equivalent net interest income by total average earning assets. Tax equivalent interest income is calculated by grossing up interest income for the amounts that are non-taxable (i.e., municipal income) then subtracting interest expense. The rate utilized is 21%. See the table below for the quarterly tax equivalent net interest income and the reconciliation of net interest income to tax equivalent net interest income. The Company's net interest margin is a common measure used by the financial service industry to determine how profitable earning assets are funded. Because the Company earns a fair amount of non-taxable interest income due to the mix of securities in its investment security portfolio, net interest income for the ratio is calculated on a tax equivalent basis as described above. (2) The efficiency ratio is not a measurement under accounting principles generally accepted in the United States. It is calculated by dividing non-interest expense by the sum of tax equivalent net interest income and non-interest income excluding gains and losses on the investment portfolio and sales of repossessed assets. The tax rate utilized is 21%. See the table below for the quarterly tax equivalent net interest income and a reconciliation of net interest income to tax equivalent net interest income. The Company calculates this ratio in order to evaluate its overhead structure or how effectively it is operating. An increase in the ratio from period to period indicates the Company is losing a larger percentage of its income to expenses. The Company believes that the efficiency ratio is a reasonable measure of profitability. EAGLE FINANCIAL SERVICES, INC. SELECTED FINANCIAL DATA BY QUARTER 4Q20 3Q20 2Q20 1Q20 4Q19 BALANCE SHEET RATIOS Loans to deposits 82.55 % 84.35 % 86.90 % 85.32 % 83.57 % Average interest-earning assets to average-interest bearing liabilities 175.23 % 173.54 % 168.79 % 163.80 % 167.77 % PER SHARE DATA Dividends $ 0.26 $ 0.26 $ 0.26 $ 0.26 $ 0.26 Book value 31.05 30.65 29.97 29.47 28.23 Tangible book value 31.05 30.65 29.97 29.47 28.23 SHARE PRICE DATA Closing price $ 29.50 $ 25.20 $ 25.71 $ 23.91 $ 31.05 Diluted earnings multiple(1) 9.97 6.36 7.74 8.42 9.35 Book value multiple(2) 0.95 0.82 0.86 0.81 1.10 COMMON STOCK DATA Outstanding shares at end of period 3,405,035 3,416,013 3,409,689 3,409,689 3,430,103 Weighted average shares outstanding 3,410,220 3,413,304 3,409,689 3,437,085 3,433,749 Weighted average shares outstanding, diluted 3,410,220 3,413,304 3,409,689 3,437,085 3,433,749 CAPITAL RATIOS Total equity to total assets 9.30 % 9.68 % 9.93 % 11.10 % 10.98 % CREDIT QUALITY Net charge-offs to average loans 0.03 % (0.02) % (0.03) % (0.08) % % Total non-performing loans to total loans 0.58 % 0.53 % 0.62 % 0.26 % 0.34 % Total non-performing assets to total assets 0.48 % 0.44 % 0.52 % 0.24 % 0.27 % Non-accrual loans to: total loans 0.58 % 0.53 % 0.54 % 0.26 % 0.34 % total assets 0.43 % 0.40 % 0.41 % 0.19 % 0.25 % Allowance for loan losses to: total loans 0.85 % 0.83 % 0.81 % 0.80 % 0.77 % non-performing assets 130.46 % 140.10 % 119.00 % 251.82 % 210.00 % non-accrual loans 146.85 % 155.10 % 158.08 % 317.42 % 227.59 % NON-PERFORMING ASSETS: (dollars in thousands) Loans delinquent over 90 days $ $ $ 665 $ $ Non-accrual loans 4,832 4,286 4,238 1,697 2,185 Other real estate owned and repossessed assets 607 442 442 442 183 NET LOAN CHARGE-OFFS (RECOVERIES): (dollars in thousands) Loans charged off $ 300 $ 22 $ 76 $ 67 $ 32 (Recoveries) (33) (218) (302) (578) (52) Net charge-offs (recoveries) 267 (196) (226) (511) (20) PROVISION FOR LOAN LOSSES (dollars in thousands) $ 702 $ 100 $ 752 $ (97) $ 62 ALLOWANCE FOR LOAN LOSS SUMMARY (dollars in thousands) Balance at the beginning of period $ 6,661 $ 6,365 $ 5,387 $ 4,973 $ 4,891 Provision 702 100 752 (97) 62 Net charge-offs (recoveries) 267 (196) (226) (511) (20) Balance at the end of period $ 7,096 $ 6,661 $ 6,365 $ 5,387 $ 4,973 (1) The diluted earnings multiple (or price earnings ratio) is calculated by dividing the period's closing market price per share by total equity per weighted average shares outstanding, diluted for the period. The diluted earnings multiple is a measure of how much an investor may be willing to pay for $1.00 of the Company's earnings. (2) The book value multiple (or price to book ratio) is calculated by dividing the period's closing market price per share by the period's book value per share. The book value multiple is a measure used to compare the Company's market value per share to its book value per share. EAGLE FINANCIAL SERVICES, INC. CONSOLIDATED BALANCE SHEETS (dollars in thousands) Unaudited 12/31/2020 Unaudited 9/30/2020 Unaudited 6/30/2020 Unaudited 3/31/2020 Audited 12/31/2019 Assets Cash and due from banks $ 79,698 $ 63,774 $ 38,099 $ 22,757 $ 33,407 Federal funds sold 222 270 264 288 252 Securities available for sale, at fair value 166,222 153,688 146,885 157,659 166,200 Loans, net of allowance for loan losses 829,238 799,040 782,569 668,645 639,787 Bank premises and equipment, net 18,725 18,906 19,047 19,179 19,297 Other assets 36,047 37,582 36,037 30,349 18,377 Total assets $ 1,130,152 $ 1,073,260 $ 1,022,901 $ 898,877 $ 877,320 Liabilities and Shareholders' Equity Liabilities Deposits: Noninterest bearing demand deposits $ 407,576 $ 379,198 $ 351,547 $ 271,508 $ 269,171 Savings and interest-bearing demand deposits 476,864 446,687 417,458 377,677 364,175 Time deposits 128,658 129,353 138,905 140,814 138,198 Total deposits $ 1,013,098 $ 955,238 $ 907,910 $ 789,999 $ 771,544 Federal Home Loan Bank advances Other liabilities 11,980 14,139 13,422 9,079 9,450 Commitments and contingent liabilities Total liabilities $ 1,025,078 $ 969,377 $ 921,332 $ 799,078 $ 780,994 Shareholders' Equity Preferred stock, $10 par value Common stock, $2.50 par value 8,460 8,472 8,473 8,466 8,529 Surplus 10,811 10,862 10,771 10,578 11,406 Retained earnings 82,524 80,907 78,388 76,457 74,909 Accumulated other comprehensive income 3,279 3,642 3,937 4,298 1,482 Total shareholders' equity $ 105,074 $ 103,883 $ 101,569 $ 99,799 $ 96,326 Total liabilities and shareholders' equity $ 1,130,152 $ 1,073,260 $ 1,022,901 $ 898,877 $ 877,320 EAGLE FINANCIAL SERVICES, INC. CONSOLIDATED STATEMENTS OF INCOME (dollars in thousands) Unaudited Three Months Ended Year Ended December 31, December 31, 2020 2019 2020 2019 Interest and Dividend Income Interest and fees on loans $ 9,249 $ 7,908 $ 35,273 $ 31,138 Interest on federal funds sold 1 1 4 Interest and dividends on securities available for sale: Taxable interest income 588 794 2,858 3,089 Interest income exempt from federal income taxes 127 183 588 856 Dividends 14 21 76 70 Interest on deposits in banks 12 120 112 297 Total interest and dividend income $ 9,990 $ 9,027 $ 38,908 $ 35,454 Interest Expense Interest on deposits $ 592 $ 1,071 $ 3,256 $ 4,193 Interest on federal funds purchased 31 Interest on Federal Home Loan Bank advances 6 25 15 Total interest expense $ 592 $ 1,077 $ 3,281 $ 4,239 Net interest income $ 9,398 $ 7,950 $ 35,627 $ 31,215 Provision For Loan Losses 702 62 1,457 629 Net interest income after provision for loan losses $ 8,696 $ 7,888 $ 34,170 $ 30,586 Noninterest Income Income from fiduciary activities $ 317 $ 354 $ 1,398 $ 1,380 Service charges on deposit accounts 246 313 920 1,187 Other service charges and fees 1,255 1,165 4,757 4,893 Gain on the sale of bank premises and equipment 5 5 137 Gain (loss) on sales of AFS securities 687 (7) Officer insurance income 93 (26) 310 (48) Other operating income 335 12 502 217 Total noninterest income $ 2,251 $ 1,818 $ 8,579 $ 7,759 Noninterest Expenses Salaries and employee benefits $ 4,874 $ 3,489 $ 18,074 $ 15,025 Occupancy expenses 380 396 1,592 1,611 Equipment expenses 222 232 988 857 Advertising and marketing expenses 198 211 707 868 Stationery and supplies 50 57 144 172 ATM network fees 272 315 1,009 1,141 Other real estate owned expenses 13 24 9 76 (Gain) loss on the sale of other real estate owned (11) (4) (143) 443 FDIC assessment 105 (36) 221 105 Computer software expense 198 125 679 459 Bank franchise tax 177 173 705 656 Professional fees 261 230 1,120 1,057 Data processing fees 493 369 1,657 1,275 Other operating expenses 855 729 2,679 3,031 Total noninterest expenses $ 8,087 $ 6,310 $ 29,441 $ 26,776 Income before income taxes $ 2,860 $ 3,396 $ 13,308 $ 11,569 Income Tax Expense 354 565 2,136 1,810 Net income $ 2,506 $ 2,831 $ 11,172 $ 9,759 Earnings Per Share Net income per common share, basic $ 0.74 $ 0.83 $ 3.27 $ 2.84 Net income per common share, diluted $ 0.74 $ 0.83 $ 3.27 $ 2.84 EAGLE FINANCIAL SERVICES, INC. Average Balances, Income and Expenses, Yields and Rates (dollars in thousands) For the Year Ended December31, 2020 December31, 2019 Interest Interest Average Income/ Average Average Income/ Average Assets: Balance Expense Yield Balance Expense Yield Securities: Taxable $ 130,566 $ 2,934 2.25 % $ 113,625 $ 3,159 2.78 % Tax-Exempt (1) 21,764 744 3.42 % 31,009 1,084 3.50 % Total Securities $ 152,330 $ 3,678 2.41 % $ 144,634 $ 4,243 2.93 % Loans: Taxable $ 744,622 $ 34,925 4.69 % $ 613,884 $ 30,722 5.00 % Non-accrual 3,618 % 2,723 % Tax-Exempt (1) 9,992 441 4.42 % 11,722 526 4.49 % Total Loans $ 758,232 $ 35,366 4.66 % $ 628,329 $ 31,248 4.97 % Federal funds sold 359 1 0.24 % 194 4 2.06 % Interest-bearing deposits in other banks 47,261 112 0.24 % 15,202 297 1.95 % Total earning assets $ 954,564 $ 39,157 4.10 % $ 785,636 $ 35,792 4.56 % Allowance for loan losses (6,041) (5,333) Total non-earning assets 66,007 49,780 Total assets $ 1,014,530 $ 830,083 Liabilities and Shareholders' Equity: Interest-bearing deposits: NOW accounts $ 108,965 $ 347 0.32 % $ 89,536 $ 450 0.50 % Money market accounts 184,346 930 0.50 % 150,291 1,463 0.97 % Savings accounts 122,560 121 0.10 % 105,176 207 0.20 % Time deposits: $250,000 and more 75,520 1,203 1.59 % 59,550 1,221 2.05 % Less than $250,000 60,600 655 1.08 % 61,775 852 1.38 % Total interest-bearing deposits $ 551,991 $ 3,256 0.59 % $ 466,328 $ 4,193 0.90 % Federal funds purchased 1 0.60 % 1,074 31 2.89 % Federal Home Loan Bank advances 7,650 25 0.33 % 2,547 15 0.59 % Total interest-bearing liabilities $ 559,642 $ 3,281 0.59 % $ 469,949 $ 4,239 0.90 % Noninterest-bearing liabilities: Demand deposits 341,229 258,176 Other Liabilities 12,357 9,900 Total liabilities $ 913,228 $ 738,025 Shareholders' equity 101,302 92,058 Total liabilities and shareholders' equity $ 1,014,530 $ 830,083 Net interest income $ 35,876 $ 31,553 Net interest spread 3.51 % 3.66 % Interest expense as a percent of average earning assets 0.34 % 0.54 % Net interest margin 3.76 % 4.02 % (1) Income and yields are reported on tax-equivalent basis using a federal tax rate of 21%. EAGLE FINANCIAL SERVICES, INC. Average Balances, Income and Expenses, Yields and Rates (dollars in thousands) For the Three Months Ended December31, 2020 December31, 2019 Interest Interest Average Income/ Average Average Income/ Average Assets: Balance Expense Yield Balance Expense Yield Securities: Taxable $ 130,033 $ 602 1.84 % $ 122,969 $ 815 2.63 % Tax-Exempt (1) 19,098 161 3.35 % 26,272 231 3.49 % Total Securities $ 149,131 $ 763 2.03 % $ 149,241 $ 1,046 2.78 % Loans: Taxable $ 811,055 $ 9,165 4.50 % $ 627,842 $ 7,811 4.94 % Non-accrual 4,911 % 1,857 % Tax-Exempt (1) 9,687 106 4.37 % 10,983 123 4.44 % Total Loans $ 825,653 $ 9,271 4.47 % $ 640,682 $ 7,934 4.91 % Federal funds sold 236 0.07 % 237 1 1.67 % Interest-bearing deposits in other banks 66,662 12 0.07 % 28,711 120 1.66 % Total earning assets $ 1,036,771 $ 10,046 3.85 % $ 817,014 $ 9,101 4.42 % Allowance for loan losses (6,678) (4,929) Total non-earning assets 71,423 52,118 Total assets $ 1,101,516 $ 864,203 Liabilities and Shareholders' Equity: Interest-bearing deposits: NOW accounts $ 120,244 $ 70 0.23 % $ 94,053 $ 109 0.46 % Money market accounts 208,357 178 0.34 % 151,460 350 0.92 % Savings accounts 133,886 20 0.06 % 106,756 49 0.18 % Time deposits: $250,000 and more 68,793 210 1.21 % 70,118 346 1.96 % Less than $250,000 60,379 114 0.75 % 60,020 217 1.43 % Total interest-bearing deposits $ 591,659 $ 592 0.40 % $ 482,407 $ 1,071 0.88 % Federal funds purchased 1 0.40 % 1 2.38 % Federal Home Loan Bank advances 4,565 6 0.56 % Total interest-bearing liabilities $ 591,660 $ 592 0.40 % $ 486,973 $ 1,077 0.88 % Noninterest-bearing liabilities: Demand deposits 391,240 270,531 Other Liabilities 14,302 11,519 Total liabilities $ 997,202 $ 769,023 Shareholders' equity 104,314 95,180 Total liabilities and shareholders' equity $ 1,101,516 $ 864,203 Net interest income $ 9,454 $ 8,024 Net interest spread 3.45 % 3.54 % Interest expense as a percent of average earning assets 0.23 % 0.52 % Net interest margin 3.63 % 3.90 % (1) Income and yields are reported on tax-equivalent basis using a federal tax rate of 21%. EAGLE FINANCIAL SERVICES, INC. Reconciliation of Tax-Equivalent Net Interest Income (dollars in thousands) Three Months Ended 12/31/2020 9/30/2020 6/30/2020 3/31/2020 12/31/2019 GAAP Financial Measurements: Interest Income - Loans $ 9,249 $ 9,312 $ 8,773 $ 7,939 $ 7,908 Interest Income - Securities and Other Interest-Earnings Assets 741 838 888 1,168 1,119 Interest Expense - Deposits 592 683 879 1,102 1,071 Interest Expense - Other Borrowings 25 6 Total Net Interest Income $ 9,398 $ 9,467 $ 8,757 $ 8,005 $ 7,950 Non-GAAP Financial Measurements: Add: Tax Benefit on Tax-Exempt Interest Income - Loans $ 22 $ 23 $ 24 $ 24 $ 26 Add: Tax Benefit on Tax-Exempt Interest Income - Securities 34 38 40 44 48 Total Tax Benefit on Tax-Exempt Interest Income $ 56 $ 61 $ 64 $ 68 $ 74 Tax-Equivalent Net Interest Income $ 9,454 $ 9,528 $ 8,821 $ 8,073 $ 8,024 SOURCE Eagle Financial Services, Inc. Related Links https://bankofclarke.bank
|
edtsum3419
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: LOS ANGELES, CA, Oct. 29, 2020 /PRNewswire/ -- Chart-topping artist, music tastemaker and the only DJ in history to top the World's Best DJs ranking on 5 occasions, Armin van Buuren will share his music in PRISM, a groundbreaking new virtual world inside Sensorium Galaxy. The TIDAL-backed social VR platform that redefines the way people interact with each other and experience the arts. Armin van Buuren Announces Virtual Reality Concerts in Sensorium Galaxy Global dance music icon Armin van Buuren is a true legend of the electronic music industry. He is a regular headliner at world-famous music events such as EDC Vegas, Tomorrowland, Ultra Music Festival, alongside his own internationally-renowned residency at H Ibiza, the trance figurehead is also well known for his entrepreneurial flair. From co-founding Armada Music, one of the world's most successful dance music labels, to growing his weekly radio show A State of Trance into the world's largest trance community with over 40 million listeners, the GRAMMY-nominated artist continues to innovate and assure his position as of the most influential figures in EDM worldwide. Having conquered the dance music world, Armin van Buuren has now set his sights on the virtual world, joining forces withSensorium Corporation, together withThe Night League &High Scream, to announce a series of exclusive DJ performances in PRISM, the music world located within the alternate universe of Sensorium Galaxy. Sensorium will create a photorealistic avatar of Armin van Buuren using state-of-the-art motion capture technology, which will then be used to front the Dutchman's performances once the platform launches early next year.The concept ofPRISM is developed with the artistic guidance of Yann Pissenem, CEO & Founder of The Night League and the mastermind behind award-winning nightclubs H Ibiza and Ushuaa Ibiza. The environment and landscape of PRISM are ever-evolving, under the influence of sound frequencies and the strength of a sound wave, making it a perfect place for music events of a galactic scale.Armin van Buuren:"The virtual environment that Sensorium is building allows artists to set their imagination free and create unprecedented shows that are impossible in real life. By not being subjected to the laws of physics and the boundaries of the real world, I can develop performances where the immersive environment becomes a part of the show, and my fans from all over the world can feel the real vibes of live shows and become active participants of the event. Utilising Sensorium's technology, this will be the closest thing fans will experience to a real show, as well as a new form of art. Can't wait for this."To give artists a chance to engage with their audiences at an emotional level, Sensorium uses AAA graphics and advanced social mechanics enabling deeper connections between participants, eliminating social isolation one of the biggest challenges for current VR platforms. In addition to being able to share the experience with friends, participants will be able to move through the air, experience the show through the eyes of the artist, get a digital autograph, or even a virtual selfie.Yann Pissenem:"Armin van Buuren is one of the true pioneers of dance music. He has dedicated his entire life to his passion and it is an honour to have him join our project and take his work to a whole new level, a new reality. The fact that Armin is joining other recently announced, huge calibre artists like David Guetta and Carl Cox clearly speaks to where the entertainment industry is heading. Sensorium's PRISM is set to become the top virtual destination for music enthusiasts around the globe. Now, the intensity of Armin's real-life performances will reach millions regardless of their physical location."The public release of Sensorium Galaxy is scheduled for H1 2021. Whether it is by wearing a VR headset, using PCs, or simply tuning in for streaming with their Macs or mobile devices, users from all over the world will be able to experience the intensity of world-class shows in Sensorium Galaxy.Press KitPhotos and videos are available in the Sensorium Galaxy Press KitAbout Sensorium GalaxySensorium Galaxy is a multi-user social VR platform that rethinks the way people interact with each other and experience the arts. In the alternate universe of Sensorium Galaxy, users immerse themselves in exciting new worlds to get together with their loved ones, meet new people, and take part in unique virtual activities.The Galaxy is being built in partnership with world-known artists, producers, and entertainment companies. Among them are Yann Pissenem, the creator of the world-leading nightlife hubs Ushuaa Ibiza and H Ibiza, and music and entertainment streaming service TIDAL owned by globally-acclaimed artists such as JAY-Z, Lil Wayne, Rihanna, Daft Punk, and others.In essence, Sensorium Galaxy is the evolution of social networking taking users far beyond today's one-dimensional digital experiences.The platform will be compatible with the most popular VR headset brands, as well as accessible on PC, Android, and iOS devices. It will go live in H1 2021.Website:https://sensoriumgalaxy.com/About Sensorium CorporationFounded in 2018 with the sole support of Forbes-listed billionaire Mikhail Prokhorov, Sensorium Corporation oversees the technological and business development of the Sensorium Galaxy platform and supplies it with a wide range of events and experiences through top-tier global content partnerships.Consisting of professionals from a wide array of fields, Sensorium's management team guarantees that the technological collaboration and strategic partnerships are always directed toward the attainment of Sensorium's most relevant contribution to the virtual reality landscapeto make it fully social.Since its foundation, Sensorium Corporation has raised over $100 million in private investments, making it one of the world's best-funded startups in the VR space.Website:https://sensoriumxr.com/About Yann PissenemBorn in Nancy, France, Yann Pissenem is a leading nightlife entrepreneur based in Ibiza, Spain. He is the founder, CEO and owner of Ushuaa Ibiza and H Ibiza, and with his event production company The Night League, he is responsible for the organisation, programming, bookings, artist relations, creative direction, production, marketing, operations as well as the day to day running of two of the world's leading nightclubs.From May to October, Yann and The Night League program and run all aspects of over 250 shows which take place both day and night, continuously for five months. 2019 saw over 1.5million clubbers from all corners of the globe passed through his doors. Throughout the year Yann promotes global tour dates for his event brands including ANTS and Fun Radio Ibiza Experience. As such, Pissenem can be counted as one of the true figureheads of the global nightlife scene.Website:www.thenightleague.comSOURCE Sensorium Corporation
Answer:
|
Dance Music Icon Armin van Buuren Announces Virtual Reality Concerts in Sensorium Galaxy The GRAMMY-nominated DJ & producer prepares to take his DJ sets to a new dimension, announcing a series of performances in TIDAL-backed social VR platform Sensorium Galaxy.
|
LOS ANGELES, CA, Oct. 29, 2020 /PRNewswire/ -- Chart-topping artist, music tastemaker and the only DJ in history to top the World's Best DJs ranking on 5 occasions, Armin van Buuren will share his music in PRISM, a groundbreaking new virtual world inside Sensorium Galaxy. The TIDAL-backed social VR platform that redefines the way people interact with each other and experience the arts. Armin van Buuren Announces Virtual Reality Concerts in Sensorium Galaxy Global dance music icon Armin van Buuren is a true legend of the electronic music industry. He is a regular headliner at world-famous music events such as EDC Vegas, Tomorrowland, Ultra Music Festival, alongside his own internationally-renowned residency at H Ibiza, the trance figurehead is also well known for his entrepreneurial flair. From co-founding Armada Music, one of the world's most successful dance music labels, to growing his weekly radio show A State of Trance into the world's largest trance community with over 40 million listeners, the GRAMMY-nominated artist continues to innovate and assure his position as of the most influential figures in EDM worldwide. Having conquered the dance music world, Armin van Buuren has now set his sights on the virtual world, joining forces withSensorium Corporation, together withThe Night League &High Scream, to announce a series of exclusive DJ performances in PRISM, the music world located within the alternate universe of Sensorium Galaxy. Sensorium will create a photorealistic avatar of Armin van Buuren using state-of-the-art motion capture technology, which will then be used to front the Dutchman's performances once the platform launches early next year.The concept ofPRISM is developed with the artistic guidance of Yann Pissenem, CEO & Founder of The Night League and the mastermind behind award-winning nightclubs H Ibiza and Ushuaa Ibiza. The environment and landscape of PRISM are ever-evolving, under the influence of sound frequencies and the strength of a sound wave, making it a perfect place for music events of a galactic scale.Armin van Buuren:"The virtual environment that Sensorium is building allows artists to set their imagination free and create unprecedented shows that are impossible in real life. By not being subjected to the laws of physics and the boundaries of the real world, I can develop performances where the immersive environment becomes a part of the show, and my fans from all over the world can feel the real vibes of live shows and become active participants of the event. Utilising Sensorium's technology, this will be the closest thing fans will experience to a real show, as well as a new form of art. Can't wait for this."To give artists a chance to engage with their audiences at an emotional level, Sensorium uses AAA graphics and advanced social mechanics enabling deeper connections between participants, eliminating social isolation one of the biggest challenges for current VR platforms. In addition to being able to share the experience with friends, participants will be able to move through the air, experience the show through the eyes of the artist, get a digital autograph, or even a virtual selfie.Yann Pissenem:"Armin van Buuren is one of the true pioneers of dance music. He has dedicated his entire life to his passion and it is an honour to have him join our project and take his work to a whole new level, a new reality. The fact that Armin is joining other recently announced, huge calibre artists like David Guetta and Carl Cox clearly speaks to where the entertainment industry is heading. Sensorium's PRISM is set to become the top virtual destination for music enthusiasts around the globe. Now, the intensity of Armin's real-life performances will reach millions regardless of their physical location."The public release of Sensorium Galaxy is scheduled for H1 2021. Whether it is by wearing a VR headset, using PCs, or simply tuning in for streaming with their Macs or mobile devices, users from all over the world will be able to experience the intensity of world-class shows in Sensorium Galaxy.Press KitPhotos and videos are available in the Sensorium Galaxy Press KitAbout Sensorium GalaxySensorium Galaxy is a multi-user social VR platform that rethinks the way people interact with each other and experience the arts. In the alternate universe of Sensorium Galaxy, users immerse themselves in exciting new worlds to get together with their loved ones, meet new people, and take part in unique virtual activities.The Galaxy is being built in partnership with world-known artists, producers, and entertainment companies. Among them are Yann Pissenem, the creator of the world-leading nightlife hubs Ushuaa Ibiza and H Ibiza, and music and entertainment streaming service TIDAL owned by globally-acclaimed artists such as JAY-Z, Lil Wayne, Rihanna, Daft Punk, and others.In essence, Sensorium Galaxy is the evolution of social networking taking users far beyond today's one-dimensional digital experiences.The platform will be compatible with the most popular VR headset brands, as well as accessible on PC, Android, and iOS devices. It will go live in H1 2021.Website:https://sensoriumgalaxy.com/About Sensorium CorporationFounded in 2018 with the sole support of Forbes-listed billionaire Mikhail Prokhorov, Sensorium Corporation oversees the technological and business development of the Sensorium Galaxy platform and supplies it with a wide range of events and experiences through top-tier global content partnerships.Consisting of professionals from a wide array of fields, Sensorium's management team guarantees that the technological collaboration and strategic partnerships are always directed toward the attainment of Sensorium's most relevant contribution to the virtual reality landscapeto make it fully social.Since its foundation, Sensorium Corporation has raised over $100 million in private investments, making it one of the world's best-funded startups in the VR space.Website:https://sensoriumxr.com/About Yann PissenemBorn in Nancy, France, Yann Pissenem is a leading nightlife entrepreneur based in Ibiza, Spain. He is the founder, CEO and owner of Ushuaa Ibiza and H Ibiza, and with his event production company The Night League, he is responsible for the organisation, programming, bookings, artist relations, creative direction, production, marketing, operations as well as the day to day running of two of the world's leading nightclubs.From May to October, Yann and The Night League program and run all aspects of over 250 shows which take place both day and night, continuously for five months. 2019 saw over 1.5million clubbers from all corners of the globe passed through his doors. Throughout the year Yann promotes global tour dates for his event brands including ANTS and Fun Radio Ibiza Experience. As such, Pissenem can be counted as one of the true figureheads of the global nightlife scene.Website:www.thenightleague.comSOURCE Sensorium Corporation
|
edtsum3422
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: LEAWOOD, Kan.--(BUSINESS WIRE)--Tallgrass Energy Partners, LP (TEP) announced today that, subject to market conditions, it, along with Tallgrass Energy Finance Corp., a subsidiary of TEP, intend to offer $500 million aggregate principal amount of senior unsecured notes due 2030 in a private placement to eligible purchasers (the Notes Offering). TEP intends to use the net proceeds of the Notes Offering, together with borrowings under its existing senior secured revolving credit facility, to fund a concurrent cash tender offer (the Tender Offer) to purchase any and all of its outstanding 4.75% Senior Notes due 2023 (the 2023 Notes), and to redeem any 2023 Notes outstanding after completion of the Tender Offer. The Tender Offer is being made pursuant to an Offer to Purchase dated December 15, 2020. The securities to be offered have not been registered under the Securities Act of 1933, as amended (the Securities Act), or any state securities laws. Unless so registered, the securities may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. TEP plans to offer and sell the securities only to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act. About Tallgrass Energy Tallgrass Energy is a leading energy and infrastructure company operating across 11 states with transportation, storage, terminal, water, gathering and processing assets that serve some of the nations most prolific crude oil and natural gas basins.
Answer:
|
Tallgrass Energy Partners Announces Offering of $500 Million of Senior Notes Due 2030
|
LEAWOOD, Kan.--(BUSINESS WIRE)--Tallgrass Energy Partners, LP (TEP) announced today that, subject to market conditions, it, along with Tallgrass Energy Finance Corp., a subsidiary of TEP, intend to offer $500 million aggregate principal amount of senior unsecured notes due 2030 in a private placement to eligible purchasers (the Notes Offering). TEP intends to use the net proceeds of the Notes Offering, together with borrowings under its existing senior secured revolving credit facility, to fund a concurrent cash tender offer (the Tender Offer) to purchase any and all of its outstanding 4.75% Senior Notes due 2023 (the 2023 Notes), and to redeem any 2023 Notes outstanding after completion of the Tender Offer. The Tender Offer is being made pursuant to an Offer to Purchase dated December 15, 2020. The securities to be offered have not been registered under the Securities Act of 1933, as amended (the Securities Act), or any state securities laws. Unless so registered, the securities may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. TEP plans to offer and sell the securities only to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act. About Tallgrass Energy Tallgrass Energy is a leading energy and infrastructure company operating across 11 states with transportation, storage, terminal, water, gathering and processing assets that serve some of the nations most prolific crude oil and natural gas basins.
|
edtsum3424
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, July 29, 2020 /PRNewswire/ --Read the full report: https://www.reportlinker.com/p05136804/?utm_source=PRN The global industrial hose market is expected to grow from USD 10.2 billion in 2020 to USD 16.4 billion by 2025; it is expected to grow at a CAGR of 9.9% during 20202025. Key factors fueling the growth of this market include the increasing demand for robust industrial hoses for critical applications in several industries, growing infrastructure-related developments, and rising demand for PVC material. The demand for robust industrial hoses is increasing across the world to avoid fatal accidents, ensure smooth material handling even in extreme environmental/operational conditions, and so on various industries such as pharamaceuticals, agriculture, chemicals, and oil & gas create a strong demand for industrial hoses for efficient industrial operations in the midst of COVID-19 are the major factors for the industrial hose market growth.Air and gas media type to witness the highest CAGR in industrial hose market during the forecast period.The market for air and gas media is expected to grow at the highest CAGR within the global industrial hose market during the forecast period, owing to the high demand for air and gas hoses to transfer compressed air and gases from one point to another in industrial, medical, construction, and agricultural applications. Gas hoses are used for a variety of applications, such as gas and petroleum solutions transfer, gas cylinder filling, refilling, or emptying, loading/unloading, and fuel refilling.Oil & gas industry to witness the highest CAGR in industrial hose market during 20202025.The market for the oil & gas industry is expected to grow with the highest CAGR during the forecast period.The demand for oil and gas will grow tremendously in the coming years, which is likely to increase even further to fuel the development of Western economies during the forecast period.As technologies implemented in the production and transportation processes are advancing, equipment performance requirements are becoming more and more stringent to support increasing operational efficiencies. Hence, the implementation of hoses is essential in pipelines and other several processes to regulate the flow of liquid, gases, or any fluidized solid, which will propel the industrial hose market growth in the coming years.APAC is expected to hold a largest share of industrial hose market by 2025.APAC accounted for the largest share of the industrial hose market by 2025.The most common applications of oil & gas are fuel for automobiles, fuel for industrial machinery, and fuel for domestic operations.In the oil & gas industry safety, environmental protection, and operating efficiency have prime importance for which robust hoses are used. Hence, increasing adoption of industrial hoses for different applications is expected to provide growth opportunities to the industrial hose market in the future.Breakdown of profiles of primary participants: By Company: Tier 1 = 45%, Tier 2 = 30%, and Tier 3 = 25% By Designation: C-level Executives = 30%, Directors = 25%, Managers= 45% By Region: North America = 40%, Europe = 30%, APAC = 25%, and RoW = 5%Major players profiled in this report: Gates Industrial Corporation plc (US) Eaton Corporation plc (Ireland) Parker-Hannifin Corporation (US) Ryco Hydraulics (Australia) Transfer Oil S.p.A. (Italy) Kuriyama of America, Inc. (US) Continental AG (Germany) Kurt Manufacturing (US) NORRES (Germany) Colex International (UK)Research CoverageThis report offers detailed insights into the industrial hose market, by media type, material, industry, and region.By media type, the industrial hose market has been segmented into water, hot water & steam, food & beverage, chemical, oil, and air & gas.By material, the market has been divided into polyvinyl chloride (PVC), polyurethane, natural rubber, silicone, nitrile rubber, and others.By industry, the industrial hose market has been segmented into oil & gas, chemicals, food & beverages, agriculture, mining, water, automotive, infrastructure, pharmaceuticals, and other industries.The study forecasts the size of the market in 4 regionsNorth America, Europe, APAC, and RoW.Reasons to buy the reportThe report would help market leaders/new entrants in this market in the following ways:1. This report segments the industrial hose market comprehensively and provides the closest approximations of the overall market's size and its subsegments (across different media types, materials, industries, and regions).2. The report would help stakeholders understand the pulse of the market and provide them with information about key drivers, restraints, challenges, and opportunities.3. This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business. The competitive landscape section includes competitor ecosystem and product launches, contracts, and partnerships carried out by major market players.Read the full report: https://www.reportlinker.com/p05136804/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. Contact Clare: [emailprotected] US: (339)-368-6001 Intl: +1-339-368-6001 SOURCE Reportlinker Related Links www.reportlinker.com
Answer:
|
Industrial hose market is expected to grow at CAGR of 9.9 % from 2020 to 2025
|
NEW YORK, July 29, 2020 /PRNewswire/ --Read the full report: https://www.reportlinker.com/p05136804/?utm_source=PRN The global industrial hose market is expected to grow from USD 10.2 billion in 2020 to USD 16.4 billion by 2025; it is expected to grow at a CAGR of 9.9% during 20202025. Key factors fueling the growth of this market include the increasing demand for robust industrial hoses for critical applications in several industries, growing infrastructure-related developments, and rising demand for PVC material. The demand for robust industrial hoses is increasing across the world to avoid fatal accidents, ensure smooth material handling even in extreme environmental/operational conditions, and so on various industries such as pharamaceuticals, agriculture, chemicals, and oil & gas create a strong demand for industrial hoses for efficient industrial operations in the midst of COVID-19 are the major factors for the industrial hose market growth.Air and gas media type to witness the highest CAGR in industrial hose market during the forecast period.The market for air and gas media is expected to grow at the highest CAGR within the global industrial hose market during the forecast period, owing to the high demand for air and gas hoses to transfer compressed air and gases from one point to another in industrial, medical, construction, and agricultural applications. Gas hoses are used for a variety of applications, such as gas and petroleum solutions transfer, gas cylinder filling, refilling, or emptying, loading/unloading, and fuel refilling.Oil & gas industry to witness the highest CAGR in industrial hose market during 20202025.The market for the oil & gas industry is expected to grow with the highest CAGR during the forecast period.The demand for oil and gas will grow tremendously in the coming years, which is likely to increase even further to fuel the development of Western economies during the forecast period.As technologies implemented in the production and transportation processes are advancing, equipment performance requirements are becoming more and more stringent to support increasing operational efficiencies. Hence, the implementation of hoses is essential in pipelines and other several processes to regulate the flow of liquid, gases, or any fluidized solid, which will propel the industrial hose market growth in the coming years.APAC is expected to hold a largest share of industrial hose market by 2025.APAC accounted for the largest share of the industrial hose market by 2025.The most common applications of oil & gas are fuel for automobiles, fuel for industrial machinery, and fuel for domestic operations.In the oil & gas industry safety, environmental protection, and operating efficiency have prime importance for which robust hoses are used. Hence, increasing adoption of industrial hoses for different applications is expected to provide growth opportunities to the industrial hose market in the future.Breakdown of profiles of primary participants: By Company: Tier 1 = 45%, Tier 2 = 30%, and Tier 3 = 25% By Designation: C-level Executives = 30%, Directors = 25%, Managers= 45% By Region: North America = 40%, Europe = 30%, APAC = 25%, and RoW = 5%Major players profiled in this report: Gates Industrial Corporation plc (US) Eaton Corporation plc (Ireland) Parker-Hannifin Corporation (US) Ryco Hydraulics (Australia) Transfer Oil S.p.A. (Italy) Kuriyama of America, Inc. (US) Continental AG (Germany) Kurt Manufacturing (US) NORRES (Germany) Colex International (UK)Research CoverageThis report offers detailed insights into the industrial hose market, by media type, material, industry, and region.By media type, the industrial hose market has been segmented into water, hot water & steam, food & beverage, chemical, oil, and air & gas.By material, the market has been divided into polyvinyl chloride (PVC), polyurethane, natural rubber, silicone, nitrile rubber, and others.By industry, the industrial hose market has been segmented into oil & gas, chemicals, food & beverages, agriculture, mining, water, automotive, infrastructure, pharmaceuticals, and other industries.The study forecasts the size of the market in 4 regionsNorth America, Europe, APAC, and RoW.Reasons to buy the reportThe report would help market leaders/new entrants in this market in the following ways:1. This report segments the industrial hose market comprehensively and provides the closest approximations of the overall market's size and its subsegments (across different media types, materials, industries, and regions).2. The report would help stakeholders understand the pulse of the market and provide them with information about key drivers, restraints, challenges, and opportunities.3. This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business. The competitive landscape section includes competitor ecosystem and product launches, contracts, and partnerships carried out by major market players.Read the full report: https://www.reportlinker.com/p05136804/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. Contact Clare: [emailprotected] US: (339)-368-6001 Intl: +1-339-368-6001 SOURCE Reportlinker Related Links www.reportlinker.com
|
edtsum3431
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SAN DIEGO, June 12, 2020 /PRNewswire/ -- Students from seven countries and 13 universities will compete on Saturday, June 13 in the Fowler Global Social Innovation Challenge-- a University of San Diego (USD)-hosted social venture pitch competition focused on innovative, student-led projects that promote sustainable change.The international teams of students will be competing for $58,000 in seed funding and other resources to turn their projects into reality. Photo from the 2019 University of San Diego-hosted Fowler Global Social Innovation Challenge The Fowler Global Social Innovation Challenge is committed to providing an educational pathway for these students to tackle the world's most pressing issues with creativity and collaboration. "Innovation is more central now to imagine new possibilities and to change the world for the better. In a time of crisis, it's when we see innovation coming alive with initiatives that save people's lives, that meet the need for systemic change, that help us go to school even though we must keep our distance," said Patricia Mrquez, Dean of the Joan B. Kroc School of Peace Studies, one of the two schools at USD which hosts the competition.Examples of student projects range from an interactive, online platform that helps trauma survivors using science to a clean energy project that uses a storage device and solar panels to power homes.For the first year, the 2020 Global Finals will be a virtual experience for student innovators. The community can register for free hereto watch the competition on Saturday, June 13 at 5 p.m. PDT.San Diego native, Cedrice Webber, a contestant on NBC's "The Voice", will close the program with an inspirational performance.ABOUT USD'S FOWLER GLOBAL SOCIAL INNOVATION CHALLENGE University of San Diego (USD)'s Fowler Global Social Innovation Challenge is designed and hosted by USD's Center for Peace and Commerce a joint partnership between the Joan B. Kroc School of Peace Studies and the USD School of Business. The social venture pitch competition recognizes, resources, and rewards student-led social ventures focused on sustainable change. It started in 2011 with only USD students and expanded into a global pitch contest in 2018. Since the program's inception, winning teams have received more than $400,000 in seed funding for social ventures in over 17 countries. SOURCE University of San Diego
Answer:
|
Student Teams Compete in University of San Diego-Hosted Fowler Global Social Innovation Challenge on Saturday
|
SAN DIEGO, June 12, 2020 /PRNewswire/ -- Students from seven countries and 13 universities will compete on Saturday, June 13 in the Fowler Global Social Innovation Challenge-- a University of San Diego (USD)-hosted social venture pitch competition focused on innovative, student-led projects that promote sustainable change.The international teams of students will be competing for $58,000 in seed funding and other resources to turn their projects into reality. Photo from the 2019 University of San Diego-hosted Fowler Global Social Innovation Challenge The Fowler Global Social Innovation Challenge is committed to providing an educational pathway for these students to tackle the world's most pressing issues with creativity and collaboration. "Innovation is more central now to imagine new possibilities and to change the world for the better. In a time of crisis, it's when we see innovation coming alive with initiatives that save people's lives, that meet the need for systemic change, that help us go to school even though we must keep our distance," said Patricia Mrquez, Dean of the Joan B. Kroc School of Peace Studies, one of the two schools at USD which hosts the competition.Examples of student projects range from an interactive, online platform that helps trauma survivors using science to a clean energy project that uses a storage device and solar panels to power homes.For the first year, the 2020 Global Finals will be a virtual experience for student innovators. The community can register for free hereto watch the competition on Saturday, June 13 at 5 p.m. PDT.San Diego native, Cedrice Webber, a contestant on NBC's "The Voice", will close the program with an inspirational performance.ABOUT USD'S FOWLER GLOBAL SOCIAL INNOVATION CHALLENGE University of San Diego (USD)'s Fowler Global Social Innovation Challenge is designed and hosted by USD's Center for Peace and Commerce a joint partnership between the Joan B. Kroc School of Peace Studies and the USD School of Business. The social venture pitch competition recognizes, resources, and rewards student-led social ventures focused on sustainable change. It started in 2011 with only USD students and expanded into a global pitch contest in 2018. Since the program's inception, winning teams have received more than $400,000 in seed funding for social ventures in over 17 countries. SOURCE University of San Diego
|
edtsum3446
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, May 19, 2020 /PRNewswire/ --Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Fifth Third Bancorp ("Fifth Third" or the "Company") (NASDAQ:FITB) of the June 8, 2020 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. If you invested in Fifth Third stock or options between February 26, 2016 and March 6, 2020 and would like to discuss your legal rights, click here: www.faruqilaw.com/FITB. There is no cost or obligation to you. You can also contact us by calling Richard Gonnello toll freeat 877-247-4292 or at 212-983-9330 or by sending an e-mail to [emailprotected] CONTACT:FARUQI & FARUQI, LLP685 Third Avenue, 26th FloorNew York, NY 10017Attn: Richard Gonnello, Esq.[emailprotected]Telephone: (877) 247-4292 or (212) 983-9330 The lawsuit has been filed in the U.S. District Court for the Northern District of Illinois on behalf of all those who purchased Fifth Third securities between February 26, 2016 and March 6, 2020(the "Class Period"). The case, Christakis v. Fifth Third Bancorp et al., No. 1:20-cv-02176 was filed on April 7, 2020, and has been assigned to Judge Andrea R. Wood. The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) as a result of Fifth Third Bank's aggressive incentive policies to promote its cross-sell strategy, Fifth Third Bank employees engaged in unauthorized conduct with customer accounts; (2) since at least 2008, Fifth Third Bank, and by extension, Fifth Third, was aware of such unauthorized conduct and, thus, that it was violating relevant regulations and laws aimed at protecting its consumers; (3) Fifth Third failed to properly implement and monitor its cross-sell program, detect and stop misconduct, and identify and remediate harmed consumers; (4) all the foregoing subjected the Company to a foreseeable risk of heightened regulatory scrutiny or investigation; (5) Fifth Third's revenues were in part the product of unlawful conduct and thus unsustainable; and (6) as a result, the Company's public statements were materially false and misleading at all relevant times. On March 9, 2020, during pre-market hours, the CFPB announced that it had filed a lawsuit against Fifth Third Bank in federal court, alleging that Fifth Third Bank had violated the Consumer Financial Protection Act's prohibition against unfair and abusive acts or practices as well as the Truth in Lending Act and the Truth in Savings Act and their implementing regulations. On this news, the Company's stock price fell from $22.20 per share on March 6, 2020 to $18.30 per share on March 9, 2020: a $3.90 or 17.57% drop. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. Faruqi & Faruqi, LLP also encourages anyone with information regarding Fifth Third's conduct to contact the firm, including whistleblowers, former employees, shareholders and others. Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner. SOURCE Faruqi & Faruqi, LLP Related Links http://www.faruqilaw.com
Answer:
|
FIFTH THIRD DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In Fifth Third Bancorp To Contact The Firm
|
NEW YORK, May 19, 2020 /PRNewswire/ --Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Fifth Third Bancorp ("Fifth Third" or the "Company") (NASDAQ:FITB) of the June 8, 2020 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. If you invested in Fifth Third stock or options between February 26, 2016 and March 6, 2020 and would like to discuss your legal rights, click here: www.faruqilaw.com/FITB. There is no cost or obligation to you. You can also contact us by calling Richard Gonnello toll freeat 877-247-4292 or at 212-983-9330 or by sending an e-mail to [emailprotected] CONTACT:FARUQI & FARUQI, LLP685 Third Avenue, 26th FloorNew York, NY 10017Attn: Richard Gonnello, Esq.[emailprotected]Telephone: (877) 247-4292 or (212) 983-9330 The lawsuit has been filed in the U.S. District Court for the Northern District of Illinois on behalf of all those who purchased Fifth Third securities between February 26, 2016 and March 6, 2020(the "Class Period"). The case, Christakis v. Fifth Third Bancorp et al., No. 1:20-cv-02176 was filed on April 7, 2020, and has been assigned to Judge Andrea R. Wood. The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) as a result of Fifth Third Bank's aggressive incentive policies to promote its cross-sell strategy, Fifth Third Bank employees engaged in unauthorized conduct with customer accounts; (2) since at least 2008, Fifth Third Bank, and by extension, Fifth Third, was aware of such unauthorized conduct and, thus, that it was violating relevant regulations and laws aimed at protecting its consumers; (3) Fifth Third failed to properly implement and monitor its cross-sell program, detect and stop misconduct, and identify and remediate harmed consumers; (4) all the foregoing subjected the Company to a foreseeable risk of heightened regulatory scrutiny or investigation; (5) Fifth Third's revenues were in part the product of unlawful conduct and thus unsustainable; and (6) as a result, the Company's public statements were materially false and misleading at all relevant times. On March 9, 2020, during pre-market hours, the CFPB announced that it had filed a lawsuit against Fifth Third Bank in federal court, alleging that Fifth Third Bank had violated the Consumer Financial Protection Act's prohibition against unfair and abusive acts or practices as well as the Truth in Lending Act and the Truth in Savings Act and their implementing regulations. On this news, the Company's stock price fell from $22.20 per share on March 6, 2020 to $18.30 per share on March 9, 2020: a $3.90 or 17.57% drop. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. Faruqi & Faruqi, LLP also encourages anyone with information regarding Fifth Third's conduct to contact the firm, including whistleblowers, former employees, shareholders and others. Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner. SOURCE Faruqi & Faruqi, LLP Related Links http://www.faruqilaw.com
|
edtsum3450
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SEOUL, Korea--(BUSINESS WIRE)--Samsung Electronics Co., Ltd., the world leader in advanced memory technology, today announced its launch of the industry's highest performing 24G SAS (SAS-4) SSD the PM1653. Based on the latest SAS interface, the new drive can support twice the speed of the previous 12G SAS-3 generation. The PM1653 is also the industrys first 24G SAS SSD made with sixth-generation (1xx-layer) V-NAND chips, enabling storage capacities from 800GB to 30.72TB for advanced enterprise server systems. As the leading provider of SAS storage for a decade, Samsung has been offering the most advanced and reliable enterprise solutions in full support of the critical workloads of global server OEMs, governments and financial institutions. Samsung enterprise solutions are also accredited by the U.S. National Institute of Standards and Technology for the most powerful data security, said Kwangil Park, senior vice president of the Memory Product Planning Team at Samsung Electronics. Like we have done with the PM1653, Samsung will continue to collaborate with our customers to accommodate the ever-growing demand of the enterprise server market for the most uncompromising offerings available. In order to build a robust 24G SAS ecosystem across the enterprise market, host bus adapter (HBA) system readiness is also essential. Samsung has been closely working with Broadcom, a leading HBA provider, to ensure a seamless and timely transition to this new SAS milestone. "Broadcom values the innovation that 24G SAS products, such as the Samsung SSD PM1653, will bring to the enterprise server market," said Jas Tremblay, vice president and general manager of the Data Center Solutions Group at Broadcom. "The combination of the PM1653 SSD and Broadcom's next-generation SAS RAID products delivers up to 5X RAID 5 performance; which will be critical to meet the strong demands of the 24G ecosystem." The PM1653 has been optimized for high-performance enterprise servers, offering the industrys highest random read speed a key metric for server storage performance of up to 800K IOPS. Its sequential read speed can reach 4,300MB/s, which is the maximum available speed for the 24G SAS interface and twice the speed of the previous-generation PM1643a drive. Leveraging its dual-port system, the new SSD will give enterprise server OEMs the flexibility of using one or both ports depending on their system environment. Even if one port was to experience a failure during operation, data can be transferred and accessed through the other port with superior enterprise-grade reliability. The PM1653 is capable of supporting 24G and the legacy 12G SAS-3 platform as well. Samsung has begun sampling the PM1653 SSD with select customers, and plans to begin mass production in the second half of this year. About Samsung Electronics Co., Ltd. Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, digital appliances, network systems, and memory, system LSI, foundry and LED solutions. For the latest news, please visit the Samsung Newsroom at http://news.samsung.com.
Answer:
|
Samsungs Highest Performing SAS Enterprise SSD to take Server Storage Performance to Next Level As the industrys first 24G SAS storage based on 100+ layer vertical NAND, the PM1653 will provide maximum speed and capacity to effectively handle AI and big data workloads in enterprise servers
|
SEOUL, Korea--(BUSINESS WIRE)--Samsung Electronics Co., Ltd., the world leader in advanced memory technology, today announced its launch of the industry's highest performing 24G SAS (SAS-4) SSD the PM1653. Based on the latest SAS interface, the new drive can support twice the speed of the previous 12G SAS-3 generation. The PM1653 is also the industrys first 24G SAS SSD made with sixth-generation (1xx-layer) V-NAND chips, enabling storage capacities from 800GB to 30.72TB for advanced enterprise server systems. As the leading provider of SAS storage for a decade, Samsung has been offering the most advanced and reliable enterprise solutions in full support of the critical workloads of global server OEMs, governments and financial institutions. Samsung enterprise solutions are also accredited by the U.S. National Institute of Standards and Technology for the most powerful data security, said Kwangil Park, senior vice president of the Memory Product Planning Team at Samsung Electronics. Like we have done with the PM1653, Samsung will continue to collaborate with our customers to accommodate the ever-growing demand of the enterprise server market for the most uncompromising offerings available. In order to build a robust 24G SAS ecosystem across the enterprise market, host bus adapter (HBA) system readiness is also essential. Samsung has been closely working with Broadcom, a leading HBA provider, to ensure a seamless and timely transition to this new SAS milestone. "Broadcom values the innovation that 24G SAS products, such as the Samsung SSD PM1653, will bring to the enterprise server market," said Jas Tremblay, vice president and general manager of the Data Center Solutions Group at Broadcom. "The combination of the PM1653 SSD and Broadcom's next-generation SAS RAID products delivers up to 5X RAID 5 performance; which will be critical to meet the strong demands of the 24G ecosystem." The PM1653 has been optimized for high-performance enterprise servers, offering the industrys highest random read speed a key metric for server storage performance of up to 800K IOPS. Its sequential read speed can reach 4,300MB/s, which is the maximum available speed for the 24G SAS interface and twice the speed of the previous-generation PM1643a drive. Leveraging its dual-port system, the new SSD will give enterprise server OEMs the flexibility of using one or both ports depending on their system environment. Even if one port was to experience a failure during operation, data can be transferred and accessed through the other port with superior enterprise-grade reliability. The PM1653 is capable of supporting 24G and the legacy 12G SAS-3 platform as well. Samsung has begun sampling the PM1653 SSD with select customers, and plans to begin mass production in the second half of this year. About Samsung Electronics Co., Ltd. Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, digital appliances, network systems, and memory, system LSI, foundry and LED solutions. For the latest news, please visit the Samsung Newsroom at http://news.samsung.com.
|
edtsum3451
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK--(BUSINESS WIRE)--Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Tricida, Inc. ("Tricida" or "the Company") (NASDAQ: TCDA) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Tricida securities between September 4, 2019 and October 28, 2020, inclusive (the Class Period). Such investors are encouraged to join this case by visiting the firms site: www.bgandg.com/tcda. This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. The complaint alleges that throughout the class period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Tricida's NDA for veverimer was materially deficient; (2) accordingly, it was foreseeably likely that the FDA would not accept the NDA for veverimer; and (3) as a result, the Company's public statements were materially false and misleading at all relevant times. On July 15, 2020, Tricida issued a press release announcing that on July 14, 2020, the Company received a notification from the U.S. Food and Drug Administration (FDA) stating that, as part of its ongoing review of the Companys New Drug Application (NDA) for Tricidas drug candidate, veverimer (TRC101), the FDA has identified deficiencies that preclude discussion of labeling and postmarketing requirements/commitments at this time. Tricida stated that [t]he notification does not specify the deficiencies identified by the FDA. On this news, Tricidas stock price fell sharply $10.56 per share, or 40.31%, to close at $15.64 per share on July 16, 2020. Then, on October 29, 2020, Tricida announced an update on its End-of-Review Type A meeting with the FDA regarding the veverimer NDA, advising investors that the Company now believes the FDA will also require evidence of veverimers effect on CKD progression from a near-term interim analysis of the VALOR-CKD trial for approval under the Accelerated Approval Program and that the FDA is unlikely to rely solely on serum bicarbonate data for determination of efficacy. Concurrently, Tricida disclosed that it is significantly reducing its headcount from 152 to 59 people and will discuss its commitments with vendors and contract service providers to potentially provide additional financial flexibility. On this news, Tricidas stock price fell $3.90 per share, or 47.16%, to close at $4.37 per share on October 29, 2020. A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firms site: www.bgandg.com/tcda or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Tricida you have until March 8, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firms expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Answer:
|
TCDA Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Tricida, Inc. Shareholders of Class Action and Encourages Shareholders to Contact the Firm
|
NEW YORK--(BUSINESS WIRE)--Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Tricida, Inc. ("Tricida" or "the Company") (NASDAQ: TCDA) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Tricida securities between September 4, 2019 and October 28, 2020, inclusive (the Class Period). Such investors are encouraged to join this case by visiting the firms site: www.bgandg.com/tcda. This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. The complaint alleges that throughout the class period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Tricida's NDA for veverimer was materially deficient; (2) accordingly, it was foreseeably likely that the FDA would not accept the NDA for veverimer; and (3) as a result, the Company's public statements were materially false and misleading at all relevant times. On July 15, 2020, Tricida issued a press release announcing that on July 14, 2020, the Company received a notification from the U.S. Food and Drug Administration (FDA) stating that, as part of its ongoing review of the Companys New Drug Application (NDA) for Tricidas drug candidate, veverimer (TRC101), the FDA has identified deficiencies that preclude discussion of labeling and postmarketing requirements/commitments at this time. Tricida stated that [t]he notification does not specify the deficiencies identified by the FDA. On this news, Tricidas stock price fell sharply $10.56 per share, or 40.31%, to close at $15.64 per share on July 16, 2020. Then, on October 29, 2020, Tricida announced an update on its End-of-Review Type A meeting with the FDA regarding the veverimer NDA, advising investors that the Company now believes the FDA will also require evidence of veverimers effect on CKD progression from a near-term interim analysis of the VALOR-CKD trial for approval under the Accelerated Approval Program and that the FDA is unlikely to rely solely on serum bicarbonate data for determination of efficacy. Concurrently, Tricida disclosed that it is significantly reducing its headcount from 152 to 59 people and will discuss its commitments with vendors and contract service providers to potentially provide additional financial flexibility. On this news, Tricidas stock price fell $3.90 per share, or 47.16%, to close at $4.37 per share on October 29, 2020. A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firms site: www.bgandg.com/tcda or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Tricida you have until March 8, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firms expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
|
edtsum3461
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: Trusted by 70,000+ users at 200+ enterprises and institutions SAN FRANCISCO, Feb. 1, 2021 /PRNewswire/ --Weights and Biases, the Experiment Tracking platform that is transforming how teams build and collaborate on Machine Learning (ML) models and operations (MLOps), announced today that it has raised a $45 million Series B investment round led by Insight Partners, with continued support from Coatue, Trinity Ventures, and Bloomberg Beta. As part of the round, George Mathew, Managing Director at Insight Partners, joins the Weights and Biases Board of Directors, effective immediately. Weights and Biases (W&B) was founded by Lukas Biewald, Shawn Lewis, and Chris Van Pelt in 2018 to improve AI reproducibility and safety by making high quality developer tools for ML practitioners. First used by forward-thinking ML teams at Open AI, Toyota Research, and Salesforce Research; the company has grown to over 70,000 users at 200+ enterprises and institutions in the past three years. "Machine learning has suddenly gone from a research topic to scaled-out MLOps for a large number of global enterprises," said CEO Lukas Biewald. "Software developers have high quality tools for every part of their workflow, but ML practitioners are still in the dark ages. You can't have AI safety if ML teams can't systematically track the models they build and the datasets they use. This funding allows us to expand the category leading products for ML practitioners that we are known for." This latest round of funding enables W&B to broaden its MLOps mandate and customer base from Experiment Tracking to Dataset Versioning, Model Evaluation, and Pipeline Management. As part of this expansion, W&B is scaling up its team and currently hiring for roles in engineering, growth, sales, and customer success. "I've never seen a MLOps category leader with such a high NPS and deep customer focus as Weights and Biases," said George Mathew, Managing Director at Insight Partners. "It's an honor to make my first investment at Insight to serve an ML practitioner user-base that grew 60x these last two years." Tom Preston-Werner (founder of Github) invested alongside Insight Partners joining Pieter Abbeel, Nat Friedman, Jeff Hammerbacher, and Richard Socher as individual W&B investors. About Weights and Biases Weights and Biases's mission is to build tools for Machine Learning practitioners.Weights and Biases software helps Machine Learning teams track their models, datasets and experiments and is used and loved by over 70,000 practitioners.The company is backed by Insight Partners, Coatue Management, Trinity Ventures, Bloomberg Beta as well as notable angel investors Pieter Abbeel, Richard Socher and Nat Friedman. For more information visit wandb.ai or follow @weights_biases About Insight Partners Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies that are driving transformative change in their industries. Founded in 1995, Insight Partners has invested in more than 400 companies worldwide and has raised through a series of funds more than $30 billion in capital commitments. Insight's mission is to find, fund, and work successfully with visionary executives, providing them with practical, hands-on software expertise to foster long-term success. Across its people and its portfolio, Insight encourages a culture around a belief that ScaleUp companies and growth create opportunity for all. For more information on Insight and all its investments, visit www.insightpartners.com or follow us on Twitter @insightpartners. SOURCE Weights and Biases Related Links https://wandb.ai/
Answer:
|
Weights and Biases Raises $45M Series B to Expand Beyond Experiment Tracking for Machine Learning Practitioners Everywhere
|
Trusted by 70,000+ users at 200+ enterprises and institutions SAN FRANCISCO, Feb. 1, 2021 /PRNewswire/ --Weights and Biases, the Experiment Tracking platform that is transforming how teams build and collaborate on Machine Learning (ML) models and operations (MLOps), announced today that it has raised a $45 million Series B investment round led by Insight Partners, with continued support from Coatue, Trinity Ventures, and Bloomberg Beta. As part of the round, George Mathew, Managing Director at Insight Partners, joins the Weights and Biases Board of Directors, effective immediately. Weights and Biases (W&B) was founded by Lukas Biewald, Shawn Lewis, and Chris Van Pelt in 2018 to improve AI reproducibility and safety by making high quality developer tools for ML practitioners. First used by forward-thinking ML teams at Open AI, Toyota Research, and Salesforce Research; the company has grown to over 70,000 users at 200+ enterprises and institutions in the past three years. "Machine learning has suddenly gone from a research topic to scaled-out MLOps for a large number of global enterprises," said CEO Lukas Biewald. "Software developers have high quality tools for every part of their workflow, but ML practitioners are still in the dark ages. You can't have AI safety if ML teams can't systematically track the models they build and the datasets they use. This funding allows us to expand the category leading products for ML practitioners that we are known for." This latest round of funding enables W&B to broaden its MLOps mandate and customer base from Experiment Tracking to Dataset Versioning, Model Evaluation, and Pipeline Management. As part of this expansion, W&B is scaling up its team and currently hiring for roles in engineering, growth, sales, and customer success. "I've never seen a MLOps category leader with such a high NPS and deep customer focus as Weights and Biases," said George Mathew, Managing Director at Insight Partners. "It's an honor to make my first investment at Insight to serve an ML practitioner user-base that grew 60x these last two years." Tom Preston-Werner (founder of Github) invested alongside Insight Partners joining Pieter Abbeel, Nat Friedman, Jeff Hammerbacher, and Richard Socher as individual W&B investors. About Weights and Biases Weights and Biases's mission is to build tools for Machine Learning practitioners.Weights and Biases software helps Machine Learning teams track their models, datasets and experiments and is used and loved by over 70,000 practitioners.The company is backed by Insight Partners, Coatue Management, Trinity Ventures, Bloomberg Beta as well as notable angel investors Pieter Abbeel, Richard Socher and Nat Friedman. For more information visit wandb.ai or follow @weights_biases About Insight Partners Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies that are driving transformative change in their industries. Founded in 1995, Insight Partners has invested in more than 400 companies worldwide and has raised through a series of funds more than $30 billion in capital commitments. Insight's mission is to find, fund, and work successfully with visionary executives, providing them with practical, hands-on software expertise to foster long-term success. Across its people and its portfolio, Insight encourages a culture around a belief that ScaleUp companies and growth create opportunity for all. For more information on Insight and all its investments, visit www.insightpartners.com or follow us on Twitter @insightpartners. SOURCE Weights and Biases Related Links https://wandb.ai/
|
edtsum3472
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: DUBLIN, Jan. 21, 2021 /PRNewswire/ -- The "Head-up Display Market with COVID-19 Impact Analysis by Component (Video Generator, Projector/Projection Unit, Display Unit, Software), Type (Conventional HUD, AR-Based HUD), Application (Aviation, Automotive), and Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering. The head-up display market is projected to grow from USD 1,324 million in 2020 to USD 4,639 million by 2025; it is expected to grow at a CAGR of 28.5% from 2020 to 2025. The increase in awareness about passenger and vehicle safety, convenience offered by combination of satellite navigation technology & HUD system, increasing demand for connected vehicles, increasing demand for technologically advanced HUDs, and growth of the augmented reality market are the key factors driving the head-up display market growth. Large space requirements in the automotive cockpit, high requirement of luminance, power, and brightness, and fatal errors in HUD technology are some of the major restraints.Automotive application is expected to maintain its market dominance during the forecast period for head-up displaysThe application of AR HUD in the automotive on a large scale will still require 4-5 years considering the extra windscreen space required to accommodate AR HUDs and the legal aspects. Conventional HUDs have witnessed high growth in the last five years and will continue to lead the market till 2025. AR HUDs would grow at a higher CAGR than conventional HUDs. Initially, the application of ADAS was restricted to premium and high-end cars. However, with advancements in the HUDs and increasing adoption of HUDs, even commercial vehicles are expected to use HUDsEurope leads the head-up display market in 2020The HUD market in Europe is driven by Germany, the UK, France, and the Rest of Europe. Globally, Europe is considered as the prominent luxury/premium car manufacturer. The major high-end car OEMs, such as Audi AG (Germany), BMW AG (Germany), Mercedes-Benz (Germany), Bentley Motors Ltd (UK), Maserati (Italy), Skoda Auto (Malda), Ferrari s.p.a (Italy), and Bugatti Automobiles S.A.S (France), have their headquarters in Europe. As HUD is a major safety feature, most luxury/premium segment car manufacturers install HUD in their car models that are manufactured in Europe. Increasing demand for luxury or premium cars and SUVs equipped with HUD systems is expected to drive the HUD market in Europe. Key Topics Covered: 1 Introduction2 Research Methodology3 Executive Summary4 Premium Insights4.1 Attractive Market Opportunities in Head-Up Display Market4.2 Head-Up Display Market in APAC, by Application and Country4.3 Head-Up Display Market: Developed and Developing Markets, 2020 and 2025 (USD Million)4.4 Conventional Head-Up Display Market, by Type4.5 Head-Up Display Market, by Region5 Market Overview5.1 Introduction5.2 Market Dynamics5.2.1 Drivers5.2.1.1 Surged Awareness Worldwide About Passenger and Vehicle Safety5.2.1.2 Enhanced Convenience Offered by Combination of Satellite Navigation Technology and Head-Up Displays5.2.1.3 Risen Demand for Connected Vehicles Across the World5.2.1.4 Increased Demand for Technologically-Advanced Head-Up Displays5.2.1.5 Surged Adoption of Ar-Based Head-Up Displays5.2.2 Restraints5.2.2.1 Space Constraints in Automotive Cockpits5.2.2.2 High Luminance, Power, and Brightness Requirements of Head-Up Displays5.2.2.3 Incorrect Interpretation of Symbols Used in Head-Up Displays5.2.3 Opportunities5.2.3.1 Increased Demand for Semi-Autonomous and Electric Vehicles5.2.3.2 Emergence of Screen-Less Displays5.2.3.3 Enhanced Driving Experience Offered by Ar-Based Head-Up Displays5.2.4 Challenges5.2.4.1 Impact of COVID-19 on Global Supply Chain5.2.4.2 High Costs of Advanced Head-Up Displays5.2.4.3 Availability of Laser-Based Volumetric Displays as Alternatives to Head-Up Displays5.3 Porter's Five Forces Analysis5.4 Pricing Analysis5.5 Trade Analysis5.6 Display Ecosystem5.7 Head-Up Display Market: Case Studies5.7.1 Boyd Corporation Helped Navdy to Develop Thermal Solution for Its Head-Up Displays5.7.2 Gx Group Helped Visteon to Design Compact Head-Up Display Unit5.7.3 Garmin Collaborated with Ford Motors to Integrate Its Navigation Technology5.7.4 Pioneer Partnered with Continental to Develop Cockpit Solutions5.8 Important Patent Registrations, 2015-20205.9 Regulatory Standards5.10 COVID-19 Impact on Head-Up Display Market6 Industry Trends6.1 Introduction6.2 Supply Chain Analysis6.3 Features of Head-Up Displays6.3.1 Field of View6.3.2 Resolution6.3.3 Brightness6.3.4 Accuracy6.3.5 Combiner Transmittance6.4 Technology Analysis6.4.1 Cathode Ray Tubes6.4.2 Light-Emitting Diodes6.4.3 Optical Waveguides6.4.4 Microelectromechanical Systems7 Head-Up Display Market, by Type7.1 Introduction7.2 Conventional Head-Up Displays7.2.1 Increased Use of Conventional Head-Up Displays in Automotive Applications to Fuel Their Demand7.2.2 Windshield-Based Head-Up Displays7.2.3 Combiner-Based Head-Up Displays7.3 AR-Based Head-Up Displays7.3.1 Installation of Ar-Based Head-Up Displays in Luxury Cars to Fuel Their Global Demand8 Head-Up Display Market, by Component8.1 Introduction8.2 Video Generators8.2.1 Video Generators Act as Interface Between Projection Units and Data to be Displayed8.3 Projectors/Projection Units8.3.1 Increased Used of High Version Pico Projectors in Head-Up Displays8.3.2 Liquid Crystal on Silicon (Lcos) Projectors8.3.3 Digital Light Processing (Dlp) Projectors8.3.4 Laser Beam Steering (Lbs) Projectors8.4 Display Units8.4.1 Display Units Process Images to Display Them on Windshields of Vehicles or Combiners8.4.2 Digital Micromirror Device (Dmd) Technology8.4.3 Liquid Crystal Display (Lcd) Technology8.4.4 Liquid Crystal on Silicon Technology8.4.4.1 Nematic Lcos Displays8.4.4.2 Ferroelectric Lcos Displays8.5 Software8.5.1 Incorporation of Software Applications in Head-Up Displays for Navigational Purposes8.6 Others9 Head-Up Display Market, by Application9.1 Introduction9.2 Aviation9.2.1 Civil Aviation9.2.1.1 Civil Aircraft9.2.1.1.1 Increased Use of Head-Up Displays in Commercial and General Civil Aircraft to Provide Required Information to Pilots9.2.1.2 Civil Helicopters9.2.1.2.1 Surged Deployment of Head-Up Displays in Civil Helicopters for Providing Information Related to Flight Safety9.2.2 Military Aviation9.2.2.1 Aircraft9.2.2.1.1 Military Aircraft Use Head-Up Displays to Provide Cockpit Information to Pilots9.2.2.2 Helicopters9.2.2.2.1 Modern Military Helicopters Use Head-Up Displays During War Missions9.3 Automotive9.3.1 Passenger Cars9.3.1.1 Passenger Cars Segment Projected to Account for Large Size of Head-Up Display Market for Automotive from 2021 to 20259.3.2 Commercial Vehicles9.3.2.1 Formulation of Mandates and Regulations Regarding Vehicle Safety to Fuel Adoption of Advanced Safety Features in Commercial Vehicles10 Geographic Analysis10.1 Introduction10.2 North America10.3 Europe10.4 APAC10.5 RoW11 Competitive Landscape11.1 Introduction11.2 Top 5 Company Revenue Analysis11.3 Market Share Analysis, 201911.4 Market Evaluation Framework11.5 Company Evaluation Matrix11.5.1 Star11.5.2 Pervasive11.5.3 Emerging Leader11.5.4 Participant11.5.5 Product Footprint Analysis of Top Players11.6 Small and Medium Enterprises (SME) Evaluation Quadrant, 201911.6.1 Progressive Company11.6.2 Responsive Company11.6.3 Dynamic Company11.6.4 Starting Block11.7 Competitive Situations & Trends12 Company Profile12.1 Key Players12.1.1 Nippon Seiki12.1.2 Continental12.1.3 Visteon12.1.4 Denso12.1.5 Bosch12.1.6 Pioneer Corporation12.1.7 BAE Systems12.1.8 Yazaki Corporation12.1.9 Garmin12.1.10 Panasonic12.2 Right to Win12.3 Other Key Players12.3.1 Honeywell Aerospace12.3.2 Thales Group12.3.3 Microvision12.3.4 Renesas Electronics12.3.5 Collins Aerospace12.3.6 STMicroelectronics12.3.7 Alps Alpine12.3.8 Elbit Systems12.3.9 Saab Ab12.3.10 Esterline Technologies12.4 Key Innovators12.4.1 Navdy12.4.2 Hudway12.4.3 Nuviz12.4.4 Exploride12.4.5 Texas Instruments13 Appendix13.1 Insights of Industry Experts13.2 Discussion Guide13.3 Knowledge Store: Subscription Portal13.4 Available Customizations13.5 Related Reports13.6 Author Details For more information about this report visit https://www.researchandmarkets.com/r/ctmf75 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1904 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com
Answer:
|
The Worldwide Head-up Display Industry is Expected to Grow at a CAGR of 28.5% Between 2020 to 2025
|
DUBLIN, Jan. 21, 2021 /PRNewswire/ -- The "Head-up Display Market with COVID-19 Impact Analysis by Component (Video Generator, Projector/Projection Unit, Display Unit, Software), Type (Conventional HUD, AR-Based HUD), Application (Aviation, Automotive), and Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering. The head-up display market is projected to grow from USD 1,324 million in 2020 to USD 4,639 million by 2025; it is expected to grow at a CAGR of 28.5% from 2020 to 2025. The increase in awareness about passenger and vehicle safety, convenience offered by combination of satellite navigation technology & HUD system, increasing demand for connected vehicles, increasing demand for technologically advanced HUDs, and growth of the augmented reality market are the key factors driving the head-up display market growth. Large space requirements in the automotive cockpit, high requirement of luminance, power, and brightness, and fatal errors in HUD technology are some of the major restraints.Automotive application is expected to maintain its market dominance during the forecast period for head-up displaysThe application of AR HUD in the automotive on a large scale will still require 4-5 years considering the extra windscreen space required to accommodate AR HUDs and the legal aspects. Conventional HUDs have witnessed high growth in the last five years and will continue to lead the market till 2025. AR HUDs would grow at a higher CAGR than conventional HUDs. Initially, the application of ADAS was restricted to premium and high-end cars. However, with advancements in the HUDs and increasing adoption of HUDs, even commercial vehicles are expected to use HUDsEurope leads the head-up display market in 2020The HUD market in Europe is driven by Germany, the UK, France, and the Rest of Europe. Globally, Europe is considered as the prominent luxury/premium car manufacturer. The major high-end car OEMs, such as Audi AG (Germany), BMW AG (Germany), Mercedes-Benz (Germany), Bentley Motors Ltd (UK), Maserati (Italy), Skoda Auto (Malda), Ferrari s.p.a (Italy), and Bugatti Automobiles S.A.S (France), have their headquarters in Europe. As HUD is a major safety feature, most luxury/premium segment car manufacturers install HUD in their car models that are manufactured in Europe. Increasing demand for luxury or premium cars and SUVs equipped with HUD systems is expected to drive the HUD market in Europe. Key Topics Covered: 1 Introduction2 Research Methodology3 Executive Summary4 Premium Insights4.1 Attractive Market Opportunities in Head-Up Display Market4.2 Head-Up Display Market in APAC, by Application and Country4.3 Head-Up Display Market: Developed and Developing Markets, 2020 and 2025 (USD Million)4.4 Conventional Head-Up Display Market, by Type4.5 Head-Up Display Market, by Region5 Market Overview5.1 Introduction5.2 Market Dynamics5.2.1 Drivers5.2.1.1 Surged Awareness Worldwide About Passenger and Vehicle Safety5.2.1.2 Enhanced Convenience Offered by Combination of Satellite Navigation Technology and Head-Up Displays5.2.1.3 Risen Demand for Connected Vehicles Across the World5.2.1.4 Increased Demand for Technologically-Advanced Head-Up Displays5.2.1.5 Surged Adoption of Ar-Based Head-Up Displays5.2.2 Restraints5.2.2.1 Space Constraints in Automotive Cockpits5.2.2.2 High Luminance, Power, and Brightness Requirements of Head-Up Displays5.2.2.3 Incorrect Interpretation of Symbols Used in Head-Up Displays5.2.3 Opportunities5.2.3.1 Increased Demand for Semi-Autonomous and Electric Vehicles5.2.3.2 Emergence of Screen-Less Displays5.2.3.3 Enhanced Driving Experience Offered by Ar-Based Head-Up Displays5.2.4 Challenges5.2.4.1 Impact of COVID-19 on Global Supply Chain5.2.4.2 High Costs of Advanced Head-Up Displays5.2.4.3 Availability of Laser-Based Volumetric Displays as Alternatives to Head-Up Displays5.3 Porter's Five Forces Analysis5.4 Pricing Analysis5.5 Trade Analysis5.6 Display Ecosystem5.7 Head-Up Display Market: Case Studies5.7.1 Boyd Corporation Helped Navdy to Develop Thermal Solution for Its Head-Up Displays5.7.2 Gx Group Helped Visteon to Design Compact Head-Up Display Unit5.7.3 Garmin Collaborated with Ford Motors to Integrate Its Navigation Technology5.7.4 Pioneer Partnered with Continental to Develop Cockpit Solutions5.8 Important Patent Registrations, 2015-20205.9 Regulatory Standards5.10 COVID-19 Impact on Head-Up Display Market6 Industry Trends6.1 Introduction6.2 Supply Chain Analysis6.3 Features of Head-Up Displays6.3.1 Field of View6.3.2 Resolution6.3.3 Brightness6.3.4 Accuracy6.3.5 Combiner Transmittance6.4 Technology Analysis6.4.1 Cathode Ray Tubes6.4.2 Light-Emitting Diodes6.4.3 Optical Waveguides6.4.4 Microelectromechanical Systems7 Head-Up Display Market, by Type7.1 Introduction7.2 Conventional Head-Up Displays7.2.1 Increased Use of Conventional Head-Up Displays in Automotive Applications to Fuel Their Demand7.2.2 Windshield-Based Head-Up Displays7.2.3 Combiner-Based Head-Up Displays7.3 AR-Based Head-Up Displays7.3.1 Installation of Ar-Based Head-Up Displays in Luxury Cars to Fuel Their Global Demand8 Head-Up Display Market, by Component8.1 Introduction8.2 Video Generators8.2.1 Video Generators Act as Interface Between Projection Units and Data to be Displayed8.3 Projectors/Projection Units8.3.1 Increased Used of High Version Pico Projectors in Head-Up Displays8.3.2 Liquid Crystal on Silicon (Lcos) Projectors8.3.3 Digital Light Processing (Dlp) Projectors8.3.4 Laser Beam Steering (Lbs) Projectors8.4 Display Units8.4.1 Display Units Process Images to Display Them on Windshields of Vehicles or Combiners8.4.2 Digital Micromirror Device (Dmd) Technology8.4.3 Liquid Crystal Display (Lcd) Technology8.4.4 Liquid Crystal on Silicon Technology8.4.4.1 Nematic Lcos Displays8.4.4.2 Ferroelectric Lcos Displays8.5 Software8.5.1 Incorporation of Software Applications in Head-Up Displays for Navigational Purposes8.6 Others9 Head-Up Display Market, by Application9.1 Introduction9.2 Aviation9.2.1 Civil Aviation9.2.1.1 Civil Aircraft9.2.1.1.1 Increased Use of Head-Up Displays in Commercial and General Civil Aircraft to Provide Required Information to Pilots9.2.1.2 Civil Helicopters9.2.1.2.1 Surged Deployment of Head-Up Displays in Civil Helicopters for Providing Information Related to Flight Safety9.2.2 Military Aviation9.2.2.1 Aircraft9.2.2.1.1 Military Aircraft Use Head-Up Displays to Provide Cockpit Information to Pilots9.2.2.2 Helicopters9.2.2.2.1 Modern Military Helicopters Use Head-Up Displays During War Missions9.3 Automotive9.3.1 Passenger Cars9.3.1.1 Passenger Cars Segment Projected to Account for Large Size of Head-Up Display Market for Automotive from 2021 to 20259.3.2 Commercial Vehicles9.3.2.1 Formulation of Mandates and Regulations Regarding Vehicle Safety to Fuel Adoption of Advanced Safety Features in Commercial Vehicles10 Geographic Analysis10.1 Introduction10.2 North America10.3 Europe10.4 APAC10.5 RoW11 Competitive Landscape11.1 Introduction11.2 Top 5 Company Revenue Analysis11.3 Market Share Analysis, 201911.4 Market Evaluation Framework11.5 Company Evaluation Matrix11.5.1 Star11.5.2 Pervasive11.5.3 Emerging Leader11.5.4 Participant11.5.5 Product Footprint Analysis of Top Players11.6 Small and Medium Enterprises (SME) Evaluation Quadrant, 201911.6.1 Progressive Company11.6.2 Responsive Company11.6.3 Dynamic Company11.6.4 Starting Block11.7 Competitive Situations & Trends12 Company Profile12.1 Key Players12.1.1 Nippon Seiki12.1.2 Continental12.1.3 Visteon12.1.4 Denso12.1.5 Bosch12.1.6 Pioneer Corporation12.1.7 BAE Systems12.1.8 Yazaki Corporation12.1.9 Garmin12.1.10 Panasonic12.2 Right to Win12.3 Other Key Players12.3.1 Honeywell Aerospace12.3.2 Thales Group12.3.3 Microvision12.3.4 Renesas Electronics12.3.5 Collins Aerospace12.3.6 STMicroelectronics12.3.7 Alps Alpine12.3.8 Elbit Systems12.3.9 Saab Ab12.3.10 Esterline Technologies12.4 Key Innovators12.4.1 Navdy12.4.2 Hudway12.4.3 Nuviz12.4.4 Exploride12.4.5 Texas Instruments13 Appendix13.1 Insights of Industry Experts13.2 Discussion Guide13.3 Knowledge Store: Subscription Portal13.4 Available Customizations13.5 Related Reports13.6 Author Details For more information about this report visit https://www.researchandmarkets.com/r/ctmf75 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1904 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com
|
edtsum3476
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: KOLKATA, India & DELRAY BEACH, Fla.--(BUSINESS WIRE)--Glocal Healthcare Systems (Glocal or the Company), a global industry-leading provider of digitally enabled healthcare that operates as a technology and process based platform to make healthcare affordable, and accessible, reported significant milestones during February. Our goal is to ensure that high quality and affordable healthcare is accessible globally. To achieve this goal, we have combined the examination room, test lab, and the pharmacy into one clinic which we call a Digital Dispensary. Its dimensions are only about 64 square feet making it easy to install or retrofit into any location. This solution provides the immense benefits of digital health for the consumers and providers said Dr. Sabahat Azim, CEO and founder of Glocal and CEO International Division of Uphealth. The digital dispensaries are staffed by a nurse who guides the patients through the whole healthcare consultation using the digital diagnostic tools at hand. In person presence of a doctor is not required. The doctors can be located anywhere in India, and the patient is seen and served in their own community digital dispensary clinic. Interaction between the staff nurse and doctor, with the use of advanced technology and rich video, allows Glocal to perform a thorough clinical examination. The clinics are equipped with a digital stethoscope, a laryngoscope, fetal Doppler, and many more diagnostic tools. In addition, there is a robust clinical decision-support system that allows doctors to focus on the patients and their problems, augmenting their decision making by providing further information on the drug interactions, dosages and contraindications. Finally, the pharmacy is automated to dispense medications. For the equivalent of about $4 USD in India, you be seen by a doctor and get your tests and medications all at one clinic. There is a large need across the globe to provide high quality, accessible and affordable healthcare services, and Glocals goal is to be the solution. Other January/February 2021 events The first quarter of 2021 has been very productive for Glocal and demonstrated the global demand for their innovative services. Not only has Glocal begun delivery of the 550 new Primary Health Centers (PHCs) for the National Health Mission of Madhya Pradesh to leverage telemedicine and the digital dispensaries to serve up to 14 million people. Glocal continues to expand into other countries at a rapid pace. During the first two months of 2021, Glocal signed two major country wide agreements and received international recognition: Glocal is poised for rapid international growth, bringing communities high-quality healthcare that is accessible and at low cost. With various awards and recognitions over the past months from institutions like UNAID and World Economic Forum, Glocal is now recognized worldwide as a leading digital healthcare technology solution. We are currently in discussions with multiple governments and partners across the globe, and are thrilled to join forces with UpHealth Holdings Inc. to provide a unified integrated care solution to our clients, said Dr. Sabahat Azim. During my conversation with Queen Mathilde, I discussed one of the important projects that combined Glocals Artificial Intelligence (AI) platform and UpHealth Behavioral Health division where we are creating a customizable platform to help guide behavioral health physicians in caring for their patients using our proprietary technology solution. This is just one example of the innovation and initiatives that Glocal is currently working on within UpHealth, and we look forward to showcase much more to our clients in the future. For more information, visit https://www.ghspl.com/news.html About Glocal Healthcare: Glocal is a tech and process based platform to make healthcare affordable, accessible and accountable. Set up in 2010, Glocal is a social venture that seeks to bring State of the Art Healthcare to the rural population in India through an integrated model of block level comprehensive primary & secondary care hospitals, digital dispensaries and technology. Glocal stands for global quality, delivered at a local level. Glocal Healthcare Systems, is the International Solution for Global Telemedicine division of UpHealth Holdings, Inc. About UpHealth Holdings, Inc.: UpHealth is a global comprehensive digital health technology and tech-enabled services platform that empowers providers, health systems and payors globally to manage care for people with complex medical, behavioral and social needs, while dramatically improving access to primary care. For more information, visit www.UpHealthInc.com
Answer:
|
Strong Start to 2021: Glocal Healthcare Team Signs Contracts in Namibia and Uzbekistan and is Recognized by Her Majesty, Queen Mathilde of Belgium as Leading, International Healthcare Innovator
|
KOLKATA, India & DELRAY BEACH, Fla.--(BUSINESS WIRE)--Glocal Healthcare Systems (Glocal or the Company), a global industry-leading provider of digitally enabled healthcare that operates as a technology and process based platform to make healthcare affordable, and accessible, reported significant milestones during February. Our goal is to ensure that high quality and affordable healthcare is accessible globally. To achieve this goal, we have combined the examination room, test lab, and the pharmacy into one clinic which we call a Digital Dispensary. Its dimensions are only about 64 square feet making it easy to install or retrofit into any location. This solution provides the immense benefits of digital health for the consumers and providers said Dr. Sabahat Azim, CEO and founder of Glocal and CEO International Division of Uphealth. The digital dispensaries are staffed by a nurse who guides the patients through the whole healthcare consultation using the digital diagnostic tools at hand. In person presence of a doctor is not required. The doctors can be located anywhere in India, and the patient is seen and served in their own community digital dispensary clinic. Interaction between the staff nurse and doctor, with the use of advanced technology and rich video, allows Glocal to perform a thorough clinical examination. The clinics are equipped with a digital stethoscope, a laryngoscope, fetal Doppler, and many more diagnostic tools. In addition, there is a robust clinical decision-support system that allows doctors to focus on the patients and their problems, augmenting their decision making by providing further information on the drug interactions, dosages and contraindications. Finally, the pharmacy is automated to dispense medications. For the equivalent of about $4 USD in India, you be seen by a doctor and get your tests and medications all at one clinic. There is a large need across the globe to provide high quality, accessible and affordable healthcare services, and Glocals goal is to be the solution. Other January/February 2021 events The first quarter of 2021 has been very productive for Glocal and demonstrated the global demand for their innovative services. Not only has Glocal begun delivery of the 550 new Primary Health Centers (PHCs) for the National Health Mission of Madhya Pradesh to leverage telemedicine and the digital dispensaries to serve up to 14 million people. Glocal continues to expand into other countries at a rapid pace. During the first two months of 2021, Glocal signed two major country wide agreements and received international recognition: Glocal is poised for rapid international growth, bringing communities high-quality healthcare that is accessible and at low cost. With various awards and recognitions over the past months from institutions like UNAID and World Economic Forum, Glocal is now recognized worldwide as a leading digital healthcare technology solution. We are currently in discussions with multiple governments and partners across the globe, and are thrilled to join forces with UpHealth Holdings Inc. to provide a unified integrated care solution to our clients, said Dr. Sabahat Azim. During my conversation with Queen Mathilde, I discussed one of the important projects that combined Glocals Artificial Intelligence (AI) platform and UpHealth Behavioral Health division where we are creating a customizable platform to help guide behavioral health physicians in caring for their patients using our proprietary technology solution. This is just one example of the innovation and initiatives that Glocal is currently working on within UpHealth, and we look forward to showcase much more to our clients in the future. For more information, visit https://www.ghspl.com/news.html About Glocal Healthcare: Glocal is a tech and process based platform to make healthcare affordable, accessible and accountable. Set up in 2010, Glocal is a social venture that seeks to bring State of the Art Healthcare to the rural population in India through an integrated model of block level comprehensive primary & secondary care hospitals, digital dispensaries and technology. Glocal stands for global quality, delivered at a local level. Glocal Healthcare Systems, is the International Solution for Global Telemedicine division of UpHealth Holdings, Inc. About UpHealth Holdings, Inc.: UpHealth is a global comprehensive digital health technology and tech-enabled services platform that empowers providers, health systems and payors globally to manage care for people with complex medical, behavioral and social needs, while dramatically improving access to primary care. For more information, visit www.UpHealthInc.com
|
edtsum3479
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: BOSTON--(BUSINESS WIRE)--Heres our round-up of all the top early Bose speaker and soundbar deals for Black Friday 2020, together with the best offers on smart speakers and home theater systems. Links to the latest deals are listed below. Best Bose Speaker & Soundbar Deals: Best Bose Deals: Want some more deals? Check out Walmarts Black Friday Deals for Days sales event and Amazons latest Black Friday-worthy deals to view hundreds more live discounts right now. Consumer Articles earns commissions from purchases made using the links provided. Soundbars are one of the best ways to give your entertainment system the sound it deserves. One of the best soundbar manufacturers to date, Bose soundbars are optimized to deliver a cinematic experience while sporting a contemporary appeal that compliments any room. The Bose Soundbar 700 is the latest soundbar from the manufacturer. As with other models in this line, it uses QuietPort and PhaseGuide technologies, plus the companys ADAPTiQ auto audio calibration, and uses the same cabinet as the previous Bose Soundbar 300. Aside from this, users can take advantage of the Bose SimpleSync technology, where they can group their Bose Noise Cancelling Headphones 700 with a Bose Soundbar 500 or 700 for a personal TV listening experience. Google Assistant and Amazon Alexa are also built right into the Soundbar 700, along with an ingenious light bar that helps visually indicate when the voice assistant is listening, thinking, or speaking. About Consumer Articles: Consumer Articles shares informative e-commerce news. As an Amazon Associate and affiliate Consumer Articles earns from qualifying purchases.
Answer:
|
Bose Speaker & Soundbar Black Friday Deals (2020): Early Wireless Speaker, Soundbar 700 & More Savings Published by Consumer Articles The best early Black Friday Bose speaker and soundbar deals for 2020, including all the top Bose Soundbar 700, 500 and 300 sales
|
BOSTON--(BUSINESS WIRE)--Heres our round-up of all the top early Bose speaker and soundbar deals for Black Friday 2020, together with the best offers on smart speakers and home theater systems. Links to the latest deals are listed below. Best Bose Speaker & Soundbar Deals: Best Bose Deals: Want some more deals? Check out Walmarts Black Friday Deals for Days sales event and Amazons latest Black Friday-worthy deals to view hundreds more live discounts right now. Consumer Articles earns commissions from purchases made using the links provided. Soundbars are one of the best ways to give your entertainment system the sound it deserves. One of the best soundbar manufacturers to date, Bose soundbars are optimized to deliver a cinematic experience while sporting a contemporary appeal that compliments any room. The Bose Soundbar 700 is the latest soundbar from the manufacturer. As with other models in this line, it uses QuietPort and PhaseGuide technologies, plus the companys ADAPTiQ auto audio calibration, and uses the same cabinet as the previous Bose Soundbar 300. Aside from this, users can take advantage of the Bose SimpleSync technology, where they can group their Bose Noise Cancelling Headphones 700 with a Bose Soundbar 500 or 700 for a personal TV listening experience. Google Assistant and Amazon Alexa are also built right into the Soundbar 700, along with an ingenious light bar that helps visually indicate when the voice assistant is listening, thinking, or speaking. About Consumer Articles: Consumer Articles shares informative e-commerce news. As an Amazon Associate and affiliate Consumer Articles earns from qualifying purchases.
|
edtsum3480
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SAN JOSE, Calif., June 29, 2020 /PRNewswire/ --FICO, a global analytics leader, today introduced the FICO Resilience Index, an analytic tool that complements the FICO Score and helps lenders, borrowers, and investors make more informed and precise decisions in assessing risk during rapidly changing economic cycles. FICO research of more than 70 million consumer credit files from the Great Recession found that most consumers, including those with lower FICO Scores, paid their credit obligations and responsibly managed their financial affairs even under the challenging economic conditions of double-digit unemployment and low consumer confidence. While losses across all FICO Score ranges did approximately double (or worse) during the Great Recession, these incremental losses from the downturn were disproportionately concentrated in a small subset of consumers across all FICO Score ranges. With the FICO Resilience Index, FICO can, for the first time, identify those consumers better positioned to weather an economic downturn and demonstrate that millions of those resilient consumers can be found in lower FICO ranges that could otherwise have their credit access cut off, curtailed or priced higher during an economic downturn. Designed to complement the industry standard FICO Score, the FICO Resilience Index empowers lenders to consider the resiliency of a consumer when making credit decisions. This benefits lenders, consumers and the entire credit market by enabling more credit to continue to flow during an economic crisis. This new tool is designed to provide a better understanding and management of latent risk that is not evident in a strong economy but emerges when there is an economic downturn. "Lenders and investors need to be able to evaluate and manage portfolios based on rapidly changing conditions, to further safety and soundness in credit as well as support the global economy," said Sally Taylor, vice president and general manager, FICO Scores. "Consumers benefit when lenders have the tools to identify resilient borrowers, enabling lenders to price their products more competitively and to responsibly provide greater access to credit than they would otherwise be able to do." Lenders often respond to economic uncertainty by raising credit score cut-offs. The FICO Resilience Indexallows lenders to identify those millions of borrowers that are resilient to economic stress and should not be subject to more stringent criteria. In addition to providing improved insight into individual borrowers' financial resilience, the FICO Resilience Index also allows lenders to better predict how resulting loan portfolios will perform in changing economic cycles, facilitating improved capital coverage and more precisely tailored capital and securitization enhancement requirements. "This innovation addresses an issue witnessed in the previous financial crisis, in that financial institutions have been limited in their ability to calculate how resilient individual consumers are in the presence of an economic downturn," said Tom Parrent, principal, Quantilytic. "Through more precise credit analytics, lenders concerned about increased economic stress can maintain lending to more consumers, while still protecting their portfolio. Broader lending to more resilient borrowers may even soften the impact of a downturn should it occur." Building on FICO's legacy of innovation for over 30 years, the FICO Resilience Index is the latest solution to assist lenders with the precise assessment of consumer credit risk. The tool is now available to lenders from multiple credit bureaus. For more information on the FICO Resilience Index, please visit the FICO blog. Lenders who would like more information please contact[emailprotected]. About FICOFICO (NYSE:FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 195 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 100 countries do everything from protecting 2.6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of airplanes and rental cars are in the right place at the right time.Learn more athttp://www.fico.com. Join the conversation athttps://twitter.com/fico&http://www.fico.com/en/blogs/. For FICO news and media resources, visitwww.fico.com/news. FICO is a registered trademark of Fair Isaac Corporation inthe United Statesand in other countries. SOURCE Fair Isaac Corporation Related Links http://www.fico.com
Answer:
|
FICO Works to Keep Credit Flowing During Uncertain Economic Times FICO announces FICO Resilience Index, a new analytic tool to help lenders make more informed and precise decisions during changing economic cycles
|
SAN JOSE, Calif., June 29, 2020 /PRNewswire/ --FICO, a global analytics leader, today introduced the FICO Resilience Index, an analytic tool that complements the FICO Score and helps lenders, borrowers, and investors make more informed and precise decisions in assessing risk during rapidly changing economic cycles. FICO research of more than 70 million consumer credit files from the Great Recession found that most consumers, including those with lower FICO Scores, paid their credit obligations and responsibly managed their financial affairs even under the challenging economic conditions of double-digit unemployment and low consumer confidence. While losses across all FICO Score ranges did approximately double (or worse) during the Great Recession, these incremental losses from the downturn were disproportionately concentrated in a small subset of consumers across all FICO Score ranges. With the FICO Resilience Index, FICO can, for the first time, identify those consumers better positioned to weather an economic downturn and demonstrate that millions of those resilient consumers can be found in lower FICO ranges that could otherwise have their credit access cut off, curtailed or priced higher during an economic downturn. Designed to complement the industry standard FICO Score, the FICO Resilience Index empowers lenders to consider the resiliency of a consumer when making credit decisions. This benefits lenders, consumers and the entire credit market by enabling more credit to continue to flow during an economic crisis. This new tool is designed to provide a better understanding and management of latent risk that is not evident in a strong economy but emerges when there is an economic downturn. "Lenders and investors need to be able to evaluate and manage portfolios based on rapidly changing conditions, to further safety and soundness in credit as well as support the global economy," said Sally Taylor, vice president and general manager, FICO Scores. "Consumers benefit when lenders have the tools to identify resilient borrowers, enabling lenders to price their products more competitively and to responsibly provide greater access to credit than they would otherwise be able to do." Lenders often respond to economic uncertainty by raising credit score cut-offs. The FICO Resilience Indexallows lenders to identify those millions of borrowers that are resilient to economic stress and should not be subject to more stringent criteria. In addition to providing improved insight into individual borrowers' financial resilience, the FICO Resilience Index also allows lenders to better predict how resulting loan portfolios will perform in changing economic cycles, facilitating improved capital coverage and more precisely tailored capital and securitization enhancement requirements. "This innovation addresses an issue witnessed in the previous financial crisis, in that financial institutions have been limited in their ability to calculate how resilient individual consumers are in the presence of an economic downturn," said Tom Parrent, principal, Quantilytic. "Through more precise credit analytics, lenders concerned about increased economic stress can maintain lending to more consumers, while still protecting their portfolio. Broader lending to more resilient borrowers may even soften the impact of a downturn should it occur." Building on FICO's legacy of innovation for over 30 years, the FICO Resilience Index is the latest solution to assist lenders with the precise assessment of consumer credit risk. The tool is now available to lenders from multiple credit bureaus. For more information on the FICO Resilience Index, please visit the FICO blog. Lenders who would like more information please contact[emailprotected]. About FICOFICO (NYSE:FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 195 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 100 countries do everything from protecting 2.6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of airplanes and rental cars are in the right place at the right time.Learn more athttp://www.fico.com. Join the conversation athttps://twitter.com/fico&http://www.fico.com/en/blogs/. For FICO news and media resources, visitwww.fico.com/news. FICO is a registered trademark of Fair Isaac Corporation inthe United Statesand in other countries. SOURCE Fair Isaac Corporation Related Links http://www.fico.com
|
edtsum3481
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: HOUSTON, July 13, 2020 /PRNewswire/ --Northstar Memorial Group is pleased to announce it has ranked #32 on the Selling Power 50 Best Companies to Sell For 2020 [https://bit.ly/2N5yDn0] list. Each year, the corporate research team at Selling Power magazine assembles and publishes its list of the 50 Best Companies to Sell For. This is the 20th consecutive year the list has appeared in Selling Power magazine, which has been in publication since 1981. (PRNewsfoto/Northstar) The list encompasses companies of all sizes, with sales forces ranging from fewer than 100 salespeople to companies with sales-force numbers in the thousands. To gather data, the Selling Power research team issued a comprehensive application with detailed sections covering these categories: 1) Compensation and Benefits 2) Hiring, Sales Training, and Sales Enablement 3) Customer RetentionSections were also provided for companies to spotlight any other information about their sales organization and culture that would help the research team fine-tune the rankings. Selling Powermagazine founder and publisher Gerhard Gschwandtner saysthis list is a critical tool for sales professionals to evaluate their options in an era of extreme change. "Recent shakeups around the globe mean more top sales talent is available to hire, and potential candidates need tools to help weigh options and guide their career choices," he says. "Each company on this list has created a winning sales culture in its own unique way, with the right tools in place to support a growth-oriented sales career over the long haul." About Selling PowerIn addition to Selling Power magazine, the leading periodical for sales managers and sales VPs since 1981, Selling Power Inc. produces the Sales Management Digest and Daily Boost of Positivity online newsletters, as well as a series of five-minute videos featuring interviews with top executives. Selling Power is a regular media sponsor of the Sales 3.0 Conference. Selling Power also publishes annually Top AI Solutions for Sales, Top 15 Sales Enablement Vendors, Top 20 Sales Training Companies, Leading Sales Consultants Sales Coaching and Training, and the Selling Power 500 Largest Sales Forces in America. www.sellingpower.comDonna Wagner (425) 502-9656 [emailprotected]SOURCE Northstar
Answer:
|
Northstar Memorial Group Achieves Ranking on Selling Power's Annual "50 Best Companies to Sell For" List in 2020 Funeral home and cemetery company brings innovative sales methods to adapt to unprecedented circumstances in the service and care of families
|
HOUSTON, July 13, 2020 /PRNewswire/ --Northstar Memorial Group is pleased to announce it has ranked #32 on the Selling Power 50 Best Companies to Sell For 2020 [https://bit.ly/2N5yDn0] list. Each year, the corporate research team at Selling Power magazine assembles and publishes its list of the 50 Best Companies to Sell For. This is the 20th consecutive year the list has appeared in Selling Power magazine, which has been in publication since 1981. (PRNewsfoto/Northstar) The list encompasses companies of all sizes, with sales forces ranging from fewer than 100 salespeople to companies with sales-force numbers in the thousands. To gather data, the Selling Power research team issued a comprehensive application with detailed sections covering these categories: 1) Compensation and Benefits 2) Hiring, Sales Training, and Sales Enablement 3) Customer RetentionSections were also provided for companies to spotlight any other information about their sales organization and culture that would help the research team fine-tune the rankings. Selling Powermagazine founder and publisher Gerhard Gschwandtner saysthis list is a critical tool for sales professionals to evaluate their options in an era of extreme change. "Recent shakeups around the globe mean more top sales talent is available to hire, and potential candidates need tools to help weigh options and guide their career choices," he says. "Each company on this list has created a winning sales culture in its own unique way, with the right tools in place to support a growth-oriented sales career over the long haul." About Selling PowerIn addition to Selling Power magazine, the leading periodical for sales managers and sales VPs since 1981, Selling Power Inc. produces the Sales Management Digest and Daily Boost of Positivity online newsletters, as well as a series of five-minute videos featuring interviews with top executives. Selling Power is a regular media sponsor of the Sales 3.0 Conference. Selling Power also publishes annually Top AI Solutions for Sales, Top 15 Sales Enablement Vendors, Top 20 Sales Training Companies, Leading Sales Consultants Sales Coaching and Training, and the Selling Power 500 Largest Sales Forces in America. www.sellingpower.comDonna Wagner (425) 502-9656 [emailprotected]SOURCE Northstar
|
edtsum3483
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, July 8, 2020 /PRNewswire/ --Losing a loved one is difficult for many, but for those who lose the primary provider for their home, it could mean not being able to pay the bills needed to provide for a family. According to a study by ValuePenguin, survivor benefits only cover approximately half of what a young family would need to financially sustain themselves upon losing a sole provider. Furthermore, some families may not receive benefits if the earner did not pay into social security long enough. Here are the key findings of our research: Social Security survivor's benefits leave a surviving spouse and two children short by $2,695 each month, or 49% of their budget, after losing their deceased loved one's earnings. Surviving families in the District of Columbia are hardest hit by a considerable margin, with an income gap of $5,801, or 70%, every month. Massachusetts and Connecticut follow with larger shortfalls of $3,997 (57%) and $3,989 (56%), respectively. West Virginian families fare best, with the still sizable gap of $1,646 a month, or 38%. On the other hand, Idaho and Mississippi afford smaller shortfalls at $1,843 (39%) and $1,648 (40%), respectively. To view the full report, visit: https://www.valuepenguin.com/social-security-life-insurance-study About ValuePenguin.com:ValuePenguin.com, part of LendingTree (NASDAQ: TREE), is a personal finance website that conducts in-depth research and provides objective analysis to help guide consumers to the best financial decisions. ValuePenguin focuses on value, assessing whether the return of a particular decision is worth the cost or risk of that option, and how this stacks up with the other possible choices they may have. For more information, please visit www.valuepenguin.com, like our Facebook page, or follow us on Twitter @ValuePenguin. Media Contact:Nadia Gonzalez (Mrs.)[emailprotected] SOURCE ValuePenguin.com
Answer:
|
Social Security Survivor Benefits Only Cover Half of the Lost Earnings for Young Families According to ValuePenguin.com Study On average, most surviving families are short income by over $2,695 per month.
|
NEW YORK, July 8, 2020 /PRNewswire/ --Losing a loved one is difficult for many, but for those who lose the primary provider for their home, it could mean not being able to pay the bills needed to provide for a family. According to a study by ValuePenguin, survivor benefits only cover approximately half of what a young family would need to financially sustain themselves upon losing a sole provider. Furthermore, some families may not receive benefits if the earner did not pay into social security long enough. Here are the key findings of our research: Social Security survivor's benefits leave a surviving spouse and two children short by $2,695 each month, or 49% of their budget, after losing their deceased loved one's earnings. Surviving families in the District of Columbia are hardest hit by a considerable margin, with an income gap of $5,801, or 70%, every month. Massachusetts and Connecticut follow with larger shortfalls of $3,997 (57%) and $3,989 (56%), respectively. West Virginian families fare best, with the still sizable gap of $1,646 a month, or 38%. On the other hand, Idaho and Mississippi afford smaller shortfalls at $1,843 (39%) and $1,648 (40%), respectively. To view the full report, visit: https://www.valuepenguin.com/social-security-life-insurance-study About ValuePenguin.com:ValuePenguin.com, part of LendingTree (NASDAQ: TREE), is a personal finance website that conducts in-depth research and provides objective analysis to help guide consumers to the best financial decisions. ValuePenguin focuses on value, assessing whether the return of a particular decision is worth the cost or risk of that option, and how this stacks up with the other possible choices they may have. For more information, please visit www.valuepenguin.com, like our Facebook page, or follow us on Twitter @ValuePenguin. Media Contact:Nadia Gonzalez (Mrs.)[emailprotected] SOURCE ValuePenguin.com
|
edtsum3489
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: Purpose-built facility to provide faster, smarter serviceKINGSVILLE, ON and LAREDO, TX, Dec. 7, 2020 /PRNewswire/ -Mastronardi Produce, an industry-leading greenhouse pioneer that sells and markets fresh fruits and vegetables under the SUNSET brand, today announced the opening of a new 185,000-square-foot facility inLaredo, Texas near its current distribution center. Customized to the company's needs, the warehouse was designed to efficiently provide pick and pack operations in support of the ever-increasing demand for SUNSET-branded fruits and vegetables from leading retailers and foodservice operators in the region. The move comes just after Mastronardi's announcement that they will be opening a distribution center in British Columbia and is in line with their history of aggressive distribution and share growth. Paul Mastronardi (CNW Group/Mastronardi Produce Ltd.) Mastronardi Produce Ltd.'s new facility in Laredo, Texas (CNW Group/Mastronardi Produce Ltd.) "Laredo has been a very important location for us for many years, but we've outgrown our old facility," says Paul Mastronardi, President and CEO of Mastronardi Produce. "With this new facility, we are significantly increasing our ability to efficiently service customers across the Southern region of the U.S. with the freshest, highest quality SUNSET produce." The new facility, located in Laredo will feature an upgraded, state of the art operating system for inventory tracking, customer fulfillment, receiving, shipping and tracing of produce from farms to consumers. It will include multi-temp cooling zones that will allow for storage of the company's newer commodities that require varied temperature control, such as berries and lettuce. And more importantly, at triple the size of the old location, it also brings additional value-added packing for the company in the South, reducing transportation times and enabling more direct shipments of fresh SUNSET produce to customers in that region. With 78 dock doors, the new facility will also significantly increase the speed and efficiency of cross-docking. The DC will be served by an ever-growing network of farms which will benefit from the increased efficiencies obtained by the new facility. The site also includes room for expansion in the future. "We are always looking to optimize our nationwide network of distribution centers and improve our operations. Today we operate 9 distribution centers totaling over one million square feet of cooled warehouse and distribution space and each operates in partnership with our customers to reduce food miles while increasing shelf life and in doing so, their profitability," saysJohn Hemeon, Chief Operating Officer at Mastronardi Produce. "The expanded omnichannel facility allows us to increase our own efficiencies and distribute a wider range of SUNSET branded fruits and vegetables with its multiple temperature zones. It also allows the company to better meet the increased customer demand and provide even greater value in the face of the changes in retail and foodservice brought on by the challenges of the pandemic and its aftermath".The facility is strategically located near the World Trade Bridge where much of the nation's produce crosses from Mexico, making it ideal for efficient transportation. The facility employs many of the same staff from the former facility, but with the expanded space and demand, the company is looking to expand its workforce across multiple positions. On the job training is provided. As an employer of choice and celebrating 11 years as one of Deloitte's "Best Managed Companies", the company is excited to welcome applicants looking to join the Sunset "Flavor Army" team. Applicants can apply through sunsetgrown.com/careers. "Mastronardi's continued commitment to the Laredo community is based on its partnership with the Laredo Economic Development Corporation and the Chamber of Commerce. Their continued support of private enterprise and growth in the area contributed to our decision to expand our presence in the area", says Chad Mead, Chief Administrative Officer. "We'd like to especially thank the Laredo EDC and the City of Laredo for their support."The company has already begun using the new facility for cross-dock transfers and expects the facility to be fully operational within 90 days.About Mastronardi Produce Ltd. A pioneer and industry leader in the gourmet greenhouse industry, Mastronardi Produce grows and markets nationally recognized products under the SUNSET brand, including Campari, Flavor Bombs, and Angel Sweet tomatoes. Mastronardi Produce has been family-owned for over 70 years and prides itself on producing consistently flavorful gourmet tomatoes, peppers, cucumbers, and berries. To learn more about Mastronardi Produce, visit sunsetgrown.comor read our past releases. SOURCE Mastronardi Produce Ltd. Related Links http://sunsetgrown.com
Answer:
|
Mastronardi Produce Announces New Southwestern Omnichannel Distribution Center
|
Purpose-built facility to provide faster, smarter serviceKINGSVILLE, ON and LAREDO, TX, Dec. 7, 2020 /PRNewswire/ -Mastronardi Produce, an industry-leading greenhouse pioneer that sells and markets fresh fruits and vegetables under the SUNSET brand, today announced the opening of a new 185,000-square-foot facility inLaredo, Texas near its current distribution center. Customized to the company's needs, the warehouse was designed to efficiently provide pick and pack operations in support of the ever-increasing demand for SUNSET-branded fruits and vegetables from leading retailers and foodservice operators in the region. The move comes just after Mastronardi's announcement that they will be opening a distribution center in British Columbia and is in line with their history of aggressive distribution and share growth. Paul Mastronardi (CNW Group/Mastronardi Produce Ltd.) Mastronardi Produce Ltd.'s new facility in Laredo, Texas (CNW Group/Mastronardi Produce Ltd.) "Laredo has been a very important location for us for many years, but we've outgrown our old facility," says Paul Mastronardi, President and CEO of Mastronardi Produce. "With this new facility, we are significantly increasing our ability to efficiently service customers across the Southern region of the U.S. with the freshest, highest quality SUNSET produce." The new facility, located in Laredo will feature an upgraded, state of the art operating system for inventory tracking, customer fulfillment, receiving, shipping and tracing of produce from farms to consumers. It will include multi-temp cooling zones that will allow for storage of the company's newer commodities that require varied temperature control, such as berries and lettuce. And more importantly, at triple the size of the old location, it also brings additional value-added packing for the company in the South, reducing transportation times and enabling more direct shipments of fresh SUNSET produce to customers in that region. With 78 dock doors, the new facility will also significantly increase the speed and efficiency of cross-docking. The DC will be served by an ever-growing network of farms which will benefit from the increased efficiencies obtained by the new facility. The site also includes room for expansion in the future. "We are always looking to optimize our nationwide network of distribution centers and improve our operations. Today we operate 9 distribution centers totaling over one million square feet of cooled warehouse and distribution space and each operates in partnership with our customers to reduce food miles while increasing shelf life and in doing so, their profitability," saysJohn Hemeon, Chief Operating Officer at Mastronardi Produce. "The expanded omnichannel facility allows us to increase our own efficiencies and distribute a wider range of SUNSET branded fruits and vegetables with its multiple temperature zones. It also allows the company to better meet the increased customer demand and provide even greater value in the face of the changes in retail and foodservice brought on by the challenges of the pandemic and its aftermath".The facility is strategically located near the World Trade Bridge where much of the nation's produce crosses from Mexico, making it ideal for efficient transportation. The facility employs many of the same staff from the former facility, but with the expanded space and demand, the company is looking to expand its workforce across multiple positions. On the job training is provided. As an employer of choice and celebrating 11 years as one of Deloitte's "Best Managed Companies", the company is excited to welcome applicants looking to join the Sunset "Flavor Army" team. Applicants can apply through sunsetgrown.com/careers. "Mastronardi's continued commitment to the Laredo community is based on its partnership with the Laredo Economic Development Corporation and the Chamber of Commerce. Their continued support of private enterprise and growth in the area contributed to our decision to expand our presence in the area", says Chad Mead, Chief Administrative Officer. "We'd like to especially thank the Laredo EDC and the City of Laredo for their support."The company has already begun using the new facility for cross-dock transfers and expects the facility to be fully operational within 90 days.About Mastronardi Produce Ltd. A pioneer and industry leader in the gourmet greenhouse industry, Mastronardi Produce grows and markets nationally recognized products under the SUNSET brand, including Campari, Flavor Bombs, and Angel Sweet tomatoes. Mastronardi Produce has been family-owned for over 70 years and prides itself on producing consistently flavorful gourmet tomatoes, peppers, cucumbers, and berries. To learn more about Mastronardi Produce, visit sunsetgrown.comor read our past releases. SOURCE Mastronardi Produce Ltd. Related Links http://sunsetgrown.com
|
edtsum3501
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: LONDON--(BUSINESS WIRE)--Technavio has been monitoring the automotive cabin lighting market and it is poised to grow by $ 710.76 mn during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavios in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts Frequently Asked Questions: The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aptiv Plc, Hella GmbH & Co. KGaA, Koito Manufacturing Co. Ltd., LG Electronics Inc., Marelli Holdings Co. Ltd., OSRAM Licht AG, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Stanley Electric Co. Ltd., and Valeo SA are some of the major market participants. The increasing demand for effective interior lighting will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Automotive Cabin Lighting Market 2020-2024: Segmentation Automotive Cabin Lighting Market is segmented as below: To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43990 Automotive Cabin Lighting Market 2020-2024: Scope Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive cabin lighting market report covers the following areas: This study identifies the growing popularity of OLED lighting technology as one of the prime reasons driving the automotive cabin lighting market growth during the next few years. Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Automotive Cabin Lighting Market 2020-2024: Key Highlights Table of Contents: Executive Summary Market Landscape Market Sizing Five Forces Analysis Market Segmentation by Technology Customer landscape Geographic Landscape Vendor Landscape Vendor Analysis Appendix About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Answer:
|
Research Report: Automotive Cabin Lighting Market (2020-2024)|The Increasing Demand For Effective Interior Lighting to Boost the Market Growth | Technavio
|
LONDON--(BUSINESS WIRE)--Technavio has been monitoring the automotive cabin lighting market and it is poised to grow by $ 710.76 mn during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavios in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts Frequently Asked Questions: The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aptiv Plc, Hella GmbH & Co. KGaA, Koito Manufacturing Co. Ltd., LG Electronics Inc., Marelli Holdings Co. Ltd., OSRAM Licht AG, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Stanley Electric Co. Ltd., and Valeo SA are some of the major market participants. The increasing demand for effective interior lighting will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Automotive Cabin Lighting Market 2020-2024: Segmentation Automotive Cabin Lighting Market is segmented as below: To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43990 Automotive Cabin Lighting Market 2020-2024: Scope Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive cabin lighting market report covers the following areas: This study identifies the growing popularity of OLED lighting technology as one of the prime reasons driving the automotive cabin lighting market growth during the next few years. Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Automotive Cabin Lighting Market 2020-2024: Key Highlights Table of Contents: Executive Summary Market Landscape Market Sizing Five Forces Analysis Market Segmentation by Technology Customer landscape Geographic Landscape Vendor Landscape Vendor Analysis Appendix About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
|
edtsum3505
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SAN FRANCISCO, Jan. 13, 2021 /PRNewswire/ -- Webflow, provider of the industry-leading way to design, build, and launch powerful websites visually without coding today announced that it has closed a $140 million Series B round of funding. Returning investors Accel and Silversmith led the round, which included participation from new investor CapitalG, and all existing investors. This news comes on the heels of a year of rapid growth and key milestones for Webflow, after the company reached more than 100,000 paying customers and over two million users worldwide. Webflow helps people and companies of all sizes from small design agencies to enterprises build for the web. The company's unique no code platform provides the building blocks for everything from functionality-rich marketing websites, to e-commerce storefronts, and soon entire web applications. This year alone, using Webflow, designers and coders alike were able to save themselves from writing over 3 billion lines of code, freeing up time for more meaningful projects. "This year has been filled with uncertainty and many new challenges, but we are incredibly grateful for the resilience and strength of our team and our community, who have helped us continue to grow rapidly even with all the unpredictability of 2020," said Vlad Magdalin, co-founder and CEO of Webflow. "We believe everyone should have the opportunity to build and create software not just coders as is mostly the case today and we look forward to enabling vastly more people and companies to build for the web with Webflow." This latest round of funding will be used to accelerate innovation, fuel product development and continue to hire the best talent. In addition, the round immediately follows the launch of Webflow Enterprise, Webflow's enterprise-grade solution offering heightened security and other features to help serve larger customers like Allianz, Dell, Rakuten, Upwork, and more. Some of the funds will help Webflow continue expansion into this market as the company expands beyond website development and into more powerful web applications. "Webflow is truly broadening the power of the web, making it a more inclusive place by giving those who previously needed to learn how to code the tools to build their dreams," said Arun Mathew, partner at Accel. "This year especially, the web has become even more integral to business and daily life, and Webflow has helped thousands of businesses expand their presence online. Webflow's dramatic growth inflection and profitability this year gave us the confidence to lead another round into the company. We see Webflow as the future for so many who have great ideas and just need a platform to bring them to life." "Webflow is at the forefront of the no-code revolution that is sweeping the tech industry, bridging the IT talent gap and empowering companies to keep up with today's fast-paced business world," said Laela Sturdy, general partner at CapitalG, who is joining Webflow's board with this round. "Webflow's future is exceedingly bright, as demonstrated by their ongoing expansion into companies of all sizes. We're thrilled to be supporting them in their journey." To learn more about Webflow's mission and this funding round please visit see this blog post. About WebflowWebflow is a visual web development platform that allows people to design, build, and launch completely custom websites without writing code. By combining design, animation, content management, marketing, and ecommerce tools into a single platform, Webflow empowers non-coders and coders alike to ship and promote websites of all kinds in a faster, more cost-efficient, and more collaborative way. Webflow powers websites for innovative companies like Allianz, Zendesk, Lattice, Getaround, Upwork, and Dell. Founded in 2013 and based in San Francisco, Webflow is backed by Accel, CapitalG, Silversmith Capital Partners, Y-Combinator, and Draper Associates. Learn more at webflow.com or contact [emailprotected]. About AccelAccel is a global venture capital firm that is the first partner to exceptional teams everywhere, from inception through all phases of private company growth. Atlassian, Braintree, Cloudera, Crowdstrike, DJI, DocuSign, Dropbox, Etsy, Facebook, Flipkart, Freshworks, Jet, Pillpack, Qualtrics, Slack, Spotify, Supercell, Tenable, UiPath, and Venmo are among the companies Accel has backed over the past 35+ years. We help ambitious entrepreneurs build iconic global businesses. For more, visitwww.accel.comorwww.twitter.com/accel. About CapitalGCapitalG, Alphabet's independent growth fund, invests in remarkable companies transforming the fields of consumer products and services, enterprise tech, cybersecurity, healthcare tech, insuretech, transportation and fintech. CapitalG partners with growth stage companies in their transition from startup to scale up through hands-on assistance from its in-house growth team and connections to Google's engineering, product, marketing, sales and people operations experts worldwide. More than 2,000 Googlers and Alphabet leaders have already engaged with the companies in which we've invested, including Airbnb, Credit Karma, CrowdStrike, Duolingo, Gusto, Lyft, Robinhood, Stripe, UiPath, Unqork and Zscaler, among others. Learn more at www.CapitalG.com About Silversmith Capital PartnersFounded in 2015, Silversmith Capital Partners is a Boston-based growth equity firm with $2.0 billion of capital under management. Silversmith's mission is to partner with and support the best entrepreneurs in growing, profitable technology and healthcare companies. Representative investments include ActiveCampaign, Appfire, Centauri Health Solutions, DistroKid, Impact, LifeStance Health, MediQuant, Panalgo, Unily, Validity, and Webflow. The partners have over 75 years of collective investing experience and have served on the boards of numerous successful growth companies including ABILITY Network, Archer Technologies, Dealer.com,Liazon, Liberty Dialysis, MedHOK, Passport Health, SurveyMonkey, and Wrike. For more information about Silversmith, please visit www.silversmith.com. SOURCE Webflow Related Links http://webflow.com
Answer:
|
Webflow Closes $140 Million Funding Round Led by Accel and Silversmith Series B round also includes new investor CapitalG and will accelerate Webflow's vision to democratize software creation
|
SAN FRANCISCO, Jan. 13, 2021 /PRNewswire/ -- Webflow, provider of the industry-leading way to design, build, and launch powerful websites visually without coding today announced that it has closed a $140 million Series B round of funding. Returning investors Accel and Silversmith led the round, which included participation from new investor CapitalG, and all existing investors. This news comes on the heels of a year of rapid growth and key milestones for Webflow, after the company reached more than 100,000 paying customers and over two million users worldwide. Webflow helps people and companies of all sizes from small design agencies to enterprises build for the web. The company's unique no code platform provides the building blocks for everything from functionality-rich marketing websites, to e-commerce storefronts, and soon entire web applications. This year alone, using Webflow, designers and coders alike were able to save themselves from writing over 3 billion lines of code, freeing up time for more meaningful projects. "This year has been filled with uncertainty and many new challenges, but we are incredibly grateful for the resilience and strength of our team and our community, who have helped us continue to grow rapidly even with all the unpredictability of 2020," said Vlad Magdalin, co-founder and CEO of Webflow. "We believe everyone should have the opportunity to build and create software not just coders as is mostly the case today and we look forward to enabling vastly more people and companies to build for the web with Webflow." This latest round of funding will be used to accelerate innovation, fuel product development and continue to hire the best talent. In addition, the round immediately follows the launch of Webflow Enterprise, Webflow's enterprise-grade solution offering heightened security and other features to help serve larger customers like Allianz, Dell, Rakuten, Upwork, and more. Some of the funds will help Webflow continue expansion into this market as the company expands beyond website development and into more powerful web applications. "Webflow is truly broadening the power of the web, making it a more inclusive place by giving those who previously needed to learn how to code the tools to build their dreams," said Arun Mathew, partner at Accel. "This year especially, the web has become even more integral to business and daily life, and Webflow has helped thousands of businesses expand their presence online. Webflow's dramatic growth inflection and profitability this year gave us the confidence to lead another round into the company. We see Webflow as the future for so many who have great ideas and just need a platform to bring them to life." "Webflow is at the forefront of the no-code revolution that is sweeping the tech industry, bridging the IT talent gap and empowering companies to keep up with today's fast-paced business world," said Laela Sturdy, general partner at CapitalG, who is joining Webflow's board with this round. "Webflow's future is exceedingly bright, as demonstrated by their ongoing expansion into companies of all sizes. We're thrilled to be supporting them in their journey." To learn more about Webflow's mission and this funding round please visit see this blog post. About WebflowWebflow is a visual web development platform that allows people to design, build, and launch completely custom websites without writing code. By combining design, animation, content management, marketing, and ecommerce tools into a single platform, Webflow empowers non-coders and coders alike to ship and promote websites of all kinds in a faster, more cost-efficient, and more collaborative way. Webflow powers websites for innovative companies like Allianz, Zendesk, Lattice, Getaround, Upwork, and Dell. Founded in 2013 and based in San Francisco, Webflow is backed by Accel, CapitalG, Silversmith Capital Partners, Y-Combinator, and Draper Associates. Learn more at webflow.com or contact [emailprotected]. About AccelAccel is a global venture capital firm that is the first partner to exceptional teams everywhere, from inception through all phases of private company growth. Atlassian, Braintree, Cloudera, Crowdstrike, DJI, DocuSign, Dropbox, Etsy, Facebook, Flipkart, Freshworks, Jet, Pillpack, Qualtrics, Slack, Spotify, Supercell, Tenable, UiPath, and Venmo are among the companies Accel has backed over the past 35+ years. We help ambitious entrepreneurs build iconic global businesses. For more, visitwww.accel.comorwww.twitter.com/accel. About CapitalGCapitalG, Alphabet's independent growth fund, invests in remarkable companies transforming the fields of consumer products and services, enterprise tech, cybersecurity, healthcare tech, insuretech, transportation and fintech. CapitalG partners with growth stage companies in their transition from startup to scale up through hands-on assistance from its in-house growth team and connections to Google's engineering, product, marketing, sales and people operations experts worldwide. More than 2,000 Googlers and Alphabet leaders have already engaged with the companies in which we've invested, including Airbnb, Credit Karma, CrowdStrike, Duolingo, Gusto, Lyft, Robinhood, Stripe, UiPath, Unqork and Zscaler, among others. Learn more at www.CapitalG.com About Silversmith Capital PartnersFounded in 2015, Silversmith Capital Partners is a Boston-based growth equity firm with $2.0 billion of capital under management. Silversmith's mission is to partner with and support the best entrepreneurs in growing, profitable technology and healthcare companies. Representative investments include ActiveCampaign, Appfire, Centauri Health Solutions, DistroKid, Impact, LifeStance Health, MediQuant, Panalgo, Unily, Validity, and Webflow. The partners have over 75 years of collective investing experience and have served on the boards of numerous successful growth companies including ABILITY Network, Archer Technologies, Dealer.com,Liazon, Liberty Dialysis, MedHOK, Passport Health, SurveyMonkey, and Wrike. For more information about Silversmith, please visit www.silversmith.com. SOURCE Webflow Related Links http://webflow.com
|
edtsum3510
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: VANCOUVER, BC, June 25, 2020 /PRNewswire/ - Galiano Gold Inc. ("Galiano" or the "Company") (TSX: GAU) (NYSE American: GAU) (formerly Asanko Gold Inc.)is pleased to announce that it has entered into an At-The-Market Offering Agreement dated June 25, 2020 (the "ATM Agreement") with H.C. Wainwright & Co. (the "Lead Agent") and Cormark Securities as co-agent (together with the Lead Agent, the "Agents"). Under the ATM Agreement the Company may, at its discretion and from time-to-time during the term of the ATM Agreement, sell, through the Lead Agent, common shares of the Company (the "Common Shares") for aggregate gross proceeds to the Company of up to US$50.0million (the "Offering"). Sales of Common Shares will be made through "at-the-market distributions" as defined in the Canadian Securities Administrators' National Instrument 44-102 - Shelf Distributions, including sales made directly on the NYSE American stock exchange (the "NYSE American"), or any other recognized trading market upon which the Common Shares are listed or quoted in the United States. No offers or sales of Common Shares will be made in Canada on the Toronto Stock Exchange (the "TSX") or other trading markets in Canada. The Company will pay the Agents a commission of 3.0% of the aggregate gross proceeds from each sale of Common Shares and has agreed to provide the Agents with customary indemnification and contribution rights. The Company will also reimburse the Agents for certain specified expenses in connection with the ATM Agreement. In addition, in connection with Gold Fields Limited's ("GF") existing pre-emptive right to maintain its 9.9% pro rata ownership interest in the Company, the Company has agreed to sell to GF, from time to time during the term of the Offering at GF's election, on a private basis, such number of Common Shares as represent 9.9% of the Common Shares issued under the Offering, if any. The Company will determine, in its sole discretion, the date, price and number of Common Shares to be sold under the Offering, if any.Any Common Shares sold in the Offering will be distributed at market prices or prices related to prevailing market prices from time to time. The Company is not required to sell any Common Shares in the Offering at any time. The Offering is being made by way of a prospectus supplement dated June 25, 2020 (the "Prospectus Supplement") to the Company's existing U.S.registration statement on FormF-10 (the "Registration Statement") and Canadian short form base shelf prospectus (the "Base Shelf Prospectus") each dated June 11, 2020. The Prospectus Supplement relating to the Offering has been filed with the securities commissions in each of the provinces and territories of Canada (other than Qubec) and with the U.S. Securities and Exchange Commission (the "SEC"). The Prospectus Supplement and the Registration Statement are available on the SEC's website (www.sec.gov) and the Prospectus Supplement (together with the related Base Shelf Prospectus) is available on the SEDAR website maintained by the Canadian Securities Administrators atwww.sedar.com. Alternatively, the Lead Agent will provide copies of the Prospectus Supplement (together with the related Base Shelf Prospectus and the Registration Statement)upon request by contacting H.C. Wainwright & Co., LLC, at 430 Park Avenue, 3rd Floor, New York, New York 10022, by e-mail: [emailprotected]or telephone: (646) 975-6996. The Company expects to use any net proceeds of the Offering for general corporate and working capital requirements,including, but not limited to,funding ongoing exploration and operations at the Asanko Gold Mine, funding the Company's working capital requirements, repaying indebtedness outstanding from time to time, completing future acquisitions and/or for other corporate purposes. The NYSE American has approved the listing of the Offered Shares offered hereunder, subject to official notice of issuance. The TSX has conditionally approved the listing of the Offered Shares, subject to the Company fulfilling all of the listing requirements of the TSX. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. About Galiano Gold Inc. Galiano is focused on creatinga sustainable business capable of long-term value creation for its stakeholdersthrough organic production growth, exploration and disciplined deployment of its financial resources. The company currently operates and manages the Asanko Gold Mine, located in Ghana, West Africa which is jointly owned with Gold Fields Ltd. The Company is strongly committed to the highest standards for environmental management, social responsibility, and health and safety for its employees and neighbouring communities. Cautionary Note Regarding Forward-Looking Statements Certain statements and information contained in this news release constitute "forward-looking statements" within the meaning of applicable U.S. securities laws and "forward-looking information" within the meaning of applicable Canadian securities laws, which we refer to collectively as "forward-looking statements". Forward-looking statements are statements and information regarding possible events, conditions or results of operations that are based upon assumptions about future conditions and courses of action. All statements and information other than statements of historical fact may be forward looking statements. In some cases, forward-looking statements can be identified by the use of words such as "seek", "expect", "anticipate", "budget", "plan", "estimate", "continue", "forecast", "intend", "believe", "predict", "potential", "target", "may", "could", "would", "might", "will" and similar words or phrases (including negative variations) suggesting future outcomes or statements regarding an outlook. Forward-looking statements in this news release include, but are not limited to: statements with respect to the sale of Common Shares by the Company pursuant to the Offering; the expected use of proceeds received from the Offering by the Company, if any; and the Company's fulfillment of the TSX's requirements for the listing of the Common Shares which may be offered pursuant to the Offering. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited to: that the Company makes sales of Common Shares pursuant to the Offering and employs the proceeds therefrom as currently expected; and that the Company is able to fulfill the TSX's requirements for the listing of the Common Shares which may be offered pursuant to the Offering. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those anticipated in such forward-looking statements. The Company believes the expectations reflected in such forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and you are cautioned not to place undue reliance on forward-looking statements contained herein. Some of the risks and other factors which could cause actual results to differ materially from those expressed in the forward-looking statements contained in this news release, include, but are not limited to: the Company not making any sales under the Offering and receiving no proceeds therefrom; the Company employing the proceeds from the Offering, if any, in a manner different than currently contemplated; and the Company not receiving TSX approval for the listing of the Common Shares that may be issued pursuant to the Offering. Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in the forward-looking statements, you are cautioned that this list is not exhaustive and there may be other factors that the Company has not identified. Furthermore, the Company undertakes no obligation to update or revise any forward-looking statements included in, or incorporated by reference in, this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law. Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release. SOURCE Galiano Gold Inc.
Answer:
|
Galiano Gold Files Prospectus Supplement Qualifying ATM Offering
|
VANCOUVER, BC, June 25, 2020 /PRNewswire/ - Galiano Gold Inc. ("Galiano" or the "Company") (TSX: GAU) (NYSE American: GAU) (formerly Asanko Gold Inc.)is pleased to announce that it has entered into an At-The-Market Offering Agreement dated June 25, 2020 (the "ATM Agreement") with H.C. Wainwright & Co. (the "Lead Agent") and Cormark Securities as co-agent (together with the Lead Agent, the "Agents"). Under the ATM Agreement the Company may, at its discretion and from time-to-time during the term of the ATM Agreement, sell, through the Lead Agent, common shares of the Company (the "Common Shares") for aggregate gross proceeds to the Company of up to US$50.0million (the "Offering"). Sales of Common Shares will be made through "at-the-market distributions" as defined in the Canadian Securities Administrators' National Instrument 44-102 - Shelf Distributions, including sales made directly on the NYSE American stock exchange (the "NYSE American"), or any other recognized trading market upon which the Common Shares are listed or quoted in the United States. No offers or sales of Common Shares will be made in Canada on the Toronto Stock Exchange (the "TSX") or other trading markets in Canada. The Company will pay the Agents a commission of 3.0% of the aggregate gross proceeds from each sale of Common Shares and has agreed to provide the Agents with customary indemnification and contribution rights. The Company will also reimburse the Agents for certain specified expenses in connection with the ATM Agreement. In addition, in connection with Gold Fields Limited's ("GF") existing pre-emptive right to maintain its 9.9% pro rata ownership interest in the Company, the Company has agreed to sell to GF, from time to time during the term of the Offering at GF's election, on a private basis, such number of Common Shares as represent 9.9% of the Common Shares issued under the Offering, if any. The Company will determine, in its sole discretion, the date, price and number of Common Shares to be sold under the Offering, if any.Any Common Shares sold in the Offering will be distributed at market prices or prices related to prevailing market prices from time to time. The Company is not required to sell any Common Shares in the Offering at any time. The Offering is being made by way of a prospectus supplement dated June 25, 2020 (the "Prospectus Supplement") to the Company's existing U.S.registration statement on FormF-10 (the "Registration Statement") and Canadian short form base shelf prospectus (the "Base Shelf Prospectus") each dated June 11, 2020. The Prospectus Supplement relating to the Offering has been filed with the securities commissions in each of the provinces and territories of Canada (other than Qubec) and with the U.S. Securities and Exchange Commission (the "SEC"). The Prospectus Supplement and the Registration Statement are available on the SEC's website (www.sec.gov) and the Prospectus Supplement (together with the related Base Shelf Prospectus) is available on the SEDAR website maintained by the Canadian Securities Administrators atwww.sedar.com. Alternatively, the Lead Agent will provide copies of the Prospectus Supplement (together with the related Base Shelf Prospectus and the Registration Statement)upon request by contacting H.C. Wainwright & Co., LLC, at 430 Park Avenue, 3rd Floor, New York, New York 10022, by e-mail: [emailprotected]or telephone: (646) 975-6996. The Company expects to use any net proceeds of the Offering for general corporate and working capital requirements,including, but not limited to,funding ongoing exploration and operations at the Asanko Gold Mine, funding the Company's working capital requirements, repaying indebtedness outstanding from time to time, completing future acquisitions and/or for other corporate purposes. The NYSE American has approved the listing of the Offered Shares offered hereunder, subject to official notice of issuance. The TSX has conditionally approved the listing of the Offered Shares, subject to the Company fulfilling all of the listing requirements of the TSX. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. About Galiano Gold Inc. Galiano is focused on creatinga sustainable business capable of long-term value creation for its stakeholdersthrough organic production growth, exploration and disciplined deployment of its financial resources. The company currently operates and manages the Asanko Gold Mine, located in Ghana, West Africa which is jointly owned with Gold Fields Ltd. The Company is strongly committed to the highest standards for environmental management, social responsibility, and health and safety for its employees and neighbouring communities. Cautionary Note Regarding Forward-Looking Statements Certain statements and information contained in this news release constitute "forward-looking statements" within the meaning of applicable U.S. securities laws and "forward-looking information" within the meaning of applicable Canadian securities laws, which we refer to collectively as "forward-looking statements". Forward-looking statements are statements and information regarding possible events, conditions or results of operations that are based upon assumptions about future conditions and courses of action. All statements and information other than statements of historical fact may be forward looking statements. In some cases, forward-looking statements can be identified by the use of words such as "seek", "expect", "anticipate", "budget", "plan", "estimate", "continue", "forecast", "intend", "believe", "predict", "potential", "target", "may", "could", "would", "might", "will" and similar words or phrases (including negative variations) suggesting future outcomes or statements regarding an outlook. Forward-looking statements in this news release include, but are not limited to: statements with respect to the sale of Common Shares by the Company pursuant to the Offering; the expected use of proceeds received from the Offering by the Company, if any; and the Company's fulfillment of the TSX's requirements for the listing of the Common Shares which may be offered pursuant to the Offering. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited to: that the Company makes sales of Common Shares pursuant to the Offering and employs the proceeds therefrom as currently expected; and that the Company is able to fulfill the TSX's requirements for the listing of the Common Shares which may be offered pursuant to the Offering. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those anticipated in such forward-looking statements. The Company believes the expectations reflected in such forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and you are cautioned not to place undue reliance on forward-looking statements contained herein. Some of the risks and other factors which could cause actual results to differ materially from those expressed in the forward-looking statements contained in this news release, include, but are not limited to: the Company not making any sales under the Offering and receiving no proceeds therefrom; the Company employing the proceeds from the Offering, if any, in a manner different than currently contemplated; and the Company not receiving TSX approval for the listing of the Common Shares that may be issued pursuant to the Offering. Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in the forward-looking statements, you are cautioned that this list is not exhaustive and there may be other factors that the Company has not identified. Furthermore, the Company undertakes no obligation to update or revise any forward-looking statements included in, or incorporated by reference in, this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law. Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release. SOURCE Galiano Gold Inc.
|
edtsum3514
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: FINDLAY, Ohio, Nov. 11, 2020 /PRNewswire/ --WhiteWater Midstream (WWM) and MPLX LP (NYSE: MPLX) today announced the substantial completion of a 1.8 billion cubic-feet-per-day (Bcf/d) expansion of their joint venture Agua Blanca pipeline system. Testing and commissioning of the expansion will begin this month, and the system is anticipated to be brought into full service in early 2021. The Agua Blanca system is connected to almost 20 gas processing sites in the Delaware Basin and is currently transporting gas produced in Culberson, Loving, Reeves, Pecos, Winkler and Ward counties in Texas, and Eddy and Lea counties in New Mexico, to the Waha Hub. The Agua Blanca expansion includes a 42-inch diameter trunk line that more than doubles system capacity to over 3 Bcf/d while providing significant incremental takeaway capacity for plants servicing Texas and New Mexico gas producers. "We are excited to bring this expansion into service ahead of schedule while continuing to provide reliable and transparent transportation services to producers and processors in Texas and New Mexico," said WhiteWater Chief Executive Officer Christer Rundlof. "WWM remains committed to developing premier Permian basin residue assets as markets normalize and growth resumes." WhiteWater Midstream's investment in the Agua Blanca joint venture is led by First Infrastructure Capital. Inquiries regarding the Agua Blanca Expansion should be directed to [emailprotected]. About WhiteWater Midstream WhiteWater Midstream is a management owned, Austin based midstream company. WhiteWater Midstream is partnered with multiple private equity funds including but not limited to Ridgemont Equity Partners, Denham Capital Management, First Infrastructure Capital and the Ontario Power Generation Inc. Pension Plan. Since inception, WhiteWater has reached final investment decision on ~$3 billion in greenfield development projects. For more information about WhiteWater Midstream, visit www.whitewatermidstream.com. About MPLX LP MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provides fuels distribution services. MPLX's assets include a network of crude oil and refined product pipelines; an inland marine business; light-product terminals; storage caverns; refinery tanks, docks, loading racks, and associated piping; and crude and light-product marine terminals. The company also owns crude oil and natural gas gathering systems and pipelines as well as natural gas and NGL processing and fractionation facilities in key U.S. supply basins. More information is available at www.MPLX.com About First Infrastructure Capital First Infrastructure Capital Advisors, LLC is a Houston-based investment firm specializing in greenfield projects and companies operating in the midstream, downstream, electric power, telecommunications, and renewable energy industries. First Infrastructure Capital Advisors, LLC is an SEC-registered investment adviser, which manages funds affiliated with First Infrastructure Capital, L.P. For more information about First Infrastructure Capital, visit www.firstinfracap.com. Investor Relations Contacts: WhiteWater MidstreamBryan WilloughbyDirector, Business Development(512) 953-2100www.whitewatermidstream.com MPLXKristina KazarianVice President, Investor Relations(419) 421-2071 This press release contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements relate to, among other things, statements with respect to forecasts regarding capacity, rates, incremental investment, market conditions and timing for becoming operational for the opportunities discussed above. You can identify forward-looking statements by words such as "anticipate," "design," "estimate," "expect," "forecast," "plan," "project," "potential," "target," "could," "may," "should," "would," "will" or other similar expressions that convey the uncertainty of future events or outcomes. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the control of the companies and are difficult to predict. Factors that could impact the opportunities described above are set forth under the heading "Risk Factors" in MPLX's Annual Report on Form 10-K for the year ended Dec. 31, 2019, and Quarterly Reports on Form 10-Q, filed with the Securities and Exchange Commission (SEC). In addition, the forward-looking statements included herein could be affected by general domestic and international economic and political conditions. Unpredictable or unknown factors not discussed here or in MPLX's Forms 10-K and 10-Q could also have material adverse effects on forward-looking statements. Copies of MPLX's Forms 10-K and 10-Q are available on the SEC's website, MPLX's website at http://ir.mplx.com or by contacting MPLX's Investor Relations office. SOURCE MPLX LP
Answer:
|
WhiteWater Midstream and MPLX LP announce substantial completion of Agua Blanca pipeline system expansion
|
FINDLAY, Ohio, Nov. 11, 2020 /PRNewswire/ --WhiteWater Midstream (WWM) and MPLX LP (NYSE: MPLX) today announced the substantial completion of a 1.8 billion cubic-feet-per-day (Bcf/d) expansion of their joint venture Agua Blanca pipeline system. Testing and commissioning of the expansion will begin this month, and the system is anticipated to be brought into full service in early 2021. The Agua Blanca system is connected to almost 20 gas processing sites in the Delaware Basin and is currently transporting gas produced in Culberson, Loving, Reeves, Pecos, Winkler and Ward counties in Texas, and Eddy and Lea counties in New Mexico, to the Waha Hub. The Agua Blanca expansion includes a 42-inch diameter trunk line that more than doubles system capacity to over 3 Bcf/d while providing significant incremental takeaway capacity for plants servicing Texas and New Mexico gas producers. "We are excited to bring this expansion into service ahead of schedule while continuing to provide reliable and transparent transportation services to producers and processors in Texas and New Mexico," said WhiteWater Chief Executive Officer Christer Rundlof. "WWM remains committed to developing premier Permian basin residue assets as markets normalize and growth resumes." WhiteWater Midstream's investment in the Agua Blanca joint venture is led by First Infrastructure Capital. Inquiries regarding the Agua Blanca Expansion should be directed to [emailprotected]. About WhiteWater Midstream WhiteWater Midstream is a management owned, Austin based midstream company. WhiteWater Midstream is partnered with multiple private equity funds including but not limited to Ridgemont Equity Partners, Denham Capital Management, First Infrastructure Capital and the Ontario Power Generation Inc. Pension Plan. Since inception, WhiteWater has reached final investment decision on ~$3 billion in greenfield development projects. For more information about WhiteWater Midstream, visit www.whitewatermidstream.com. About MPLX LP MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provides fuels distribution services. MPLX's assets include a network of crude oil and refined product pipelines; an inland marine business; light-product terminals; storage caverns; refinery tanks, docks, loading racks, and associated piping; and crude and light-product marine terminals. The company also owns crude oil and natural gas gathering systems and pipelines as well as natural gas and NGL processing and fractionation facilities in key U.S. supply basins. More information is available at www.MPLX.com About First Infrastructure Capital First Infrastructure Capital Advisors, LLC is a Houston-based investment firm specializing in greenfield projects and companies operating in the midstream, downstream, electric power, telecommunications, and renewable energy industries. First Infrastructure Capital Advisors, LLC is an SEC-registered investment adviser, which manages funds affiliated with First Infrastructure Capital, L.P. For more information about First Infrastructure Capital, visit www.firstinfracap.com. Investor Relations Contacts: WhiteWater MidstreamBryan WilloughbyDirector, Business Development(512) 953-2100www.whitewatermidstream.com MPLXKristina KazarianVice President, Investor Relations(419) 421-2071 This press release contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements relate to, among other things, statements with respect to forecasts regarding capacity, rates, incremental investment, market conditions and timing for becoming operational for the opportunities discussed above. You can identify forward-looking statements by words such as "anticipate," "design," "estimate," "expect," "forecast," "plan," "project," "potential," "target," "could," "may," "should," "would," "will" or other similar expressions that convey the uncertainty of future events or outcomes. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the control of the companies and are difficult to predict. Factors that could impact the opportunities described above are set forth under the heading "Risk Factors" in MPLX's Annual Report on Form 10-K for the year ended Dec. 31, 2019, and Quarterly Reports on Form 10-Q, filed with the Securities and Exchange Commission (SEC). In addition, the forward-looking statements included herein could be affected by general domestic and international economic and political conditions. Unpredictable or unknown factors not discussed here or in MPLX's Forms 10-K and 10-Q could also have material adverse effects on forward-looking statements. Copies of MPLX's Forms 10-K and 10-Q are available on the SEC's website, MPLX's website at http://ir.mplx.com or by contacting MPLX's Investor Relations office. SOURCE MPLX LP
|
edtsum3529
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: IRVING, Texas--(BUSINESS WIRE)--American Beacon Advisors, Inc. (American Beacon), a leading provider of investment advisory services to institutional and retail markets, announced today the launch of the American Beacon AHL TargetRisk Core Fund (Fund) (R6 Class: AHTRX; Y Class: AABYX; A Class: AAHAX; C Class: AAECX), the third mutual fund sub-advised for the firm by London-based AHL Partners LLP (Man AHL), an investment engine part of Man Group plc, the global active investment manager. The Funds shares became available on December 16, 2020. The American Beacon AHL TargetRisk Core Fund is a long-only dynamic risk managed strategy, providing investors with a core, balanced portfolio allocation. The Fund invests in global bonds and equities through futures contracts, and scales allocations to these asset classes based on market volatility. Risk management is central to the Funds approach, with the aim of reducing overall drawdowns and exposure to swings in volatility while providing excess returns over the long term, regardless of market conditions. The Fund further draws upon Man AHLs more than 30 years of quantitative investing experience by employing three proprietary risk-managed overlays that engage systematically based on the market environment: volatility, momentum and correlation. TargetRisk Core builds on the success of the American Beacon AHL TargetRisk Fund, which debuted at the end of 2018 and provides investors with a diverse allocation across bonds, equities, credit and inflation. Gene Needles, chairman and CEO of American Beacon and its parent company, Resolute Investment Managers, said: Weve seen rapid market adoption of the American Beacon AHL TargetRisk Fund, so were delighted to once again partner with Man AHL to bring this new sister fund to our clients. The Fund is driven by some of the most sophisticated systematic trading systems available, and it employs deep investment and academic research with the aim of mitigating risk and adjusting its exposures to maintain a steady level of volatility in different market environments. Russell Korgaonkar, chief investment officer at Man AHL, said: Weve had a strong strategic partnership with American Beacon for over six years, and were pleased to bring this new product to investors through the firms extensive distribution network. We believe that dynamic risk management will make the difference in generating returns over the long run, and that this systematic approach can provide investors with a smoother experience as they navigate choppy and unpredictable markets. Man AHL now sub-advises three funds for American Beacon. In addition to the new Fund, Man AHL also sub-advises: About American Beacon Advisors An investment affiliate of Resolute Investment Managers, Inc., American Beacon Advisors, Inc. is a leading provider of investment advisory services to institutional and retail markets. Established in 1986, American Beacon Advisors serves defined benefit plans, defined contribution plans, foundations, endowments, corporations and other institutional investors, as well as retail clients. The firm also provides corporate cash management and fixed-income separate account management. American Beacon Advisors manages the American Beacon Funds, a series of competitively priced mutual funds. The Funds employ a manager of managers investment style and currently include international and domestic equity, fixed income and money market funds. As of September 30, 2020, American Beacon Advisors had more than $55.5 billion in assets under management; the affiliated companies of Resolute Investment Managers had approximately $102.0 billion in assets under management. For more information, visit www.americanbeaconadvisors.com. About Man Group Man Group plc is a global active investment management firm, with $113.11 billion of client capital in liquid and private markets, managed by investment specialists based around the world. Headquartered in London, the firm has 15 international offices and operates across multiple jurisdictions. The business has five specialist investment engines, which represent the range of its capabilities: Man AHL, Man Numeric, Man GLG, Man FRM and Man GPM. Further information can be found at www.man.com. About Man AHL Man AHL employs diversified quantitative techniques to offer a range of strategies which encompass traditional momentum, non-traditional momentum, multi-strategy and long-only strategies. Man AHLs strategies are primarily alternative and seek to gain potential predictive, alpha-generating insights through rigorous analysis of large data sets. Man AHL applies scientific rigour, advanced technology and execution to a diverse range of data in order to build systematic investment strategies, trading continuously over hundreds of global markets. The team of over a hundred investment professionals is comprised of scientists, technologists and finance practitioners, driven by curiosity and intellectual honesty, and a passion for solving the complex problems presented by financial markets. Man AHL leverages Man Groups unique collaboration with the University of Oxford, the Oxford-Man Institute of Quantitative Finance (OMI). The OMI conducts field-leading academic research into machine learning and data analytics, which can be applied to quantitative investing. Founded in 1987, Man AHLs funds under management were $38.8 billion at 30 September 2020. Further information can be found at www.man.com/ahl. You should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The prospectus and summary prospectus contain this and additional information regarding the Fund. To obtain a prospectus or summary prospectus, call 800.967.9009 or visit americanbeaconfunds.com. The prospectus and summary prospectus should be read carefully before investing. American Beacon AHL Managed Futures Strategy Fund: Investing in derivative instruments involves liquidity, credit, interest rate and market risks. The use of quantitative models may lead to high levels of trading and concentration among certain investments, resulting in higher trading costs and return volatility. Investing in foreign and emerging market securities may involve heightened risk due to currency fluctuations and economic and political risks. Regulatory changes may impair the Funds ability to qualify for federal income tax treatment as a regulated investment company, which could result in the Fund and shareholders incurring significant income tax expense. The Fund may have high portfolio turnover risk, which could increase the Funds transaction costs and possibly have a negative impact on performance. Because the Fund may invest in fewer issuers than a more diversified portfolio, the fluctuating value of a single holding may have a greater effect on the value of the Fund. American Beacon AHL TargetRisk Core Fund: Investing in derivative instruments involves liquidity, credit, interest rate and market risks. The use of quantitative models may lead to high levels of trading and concentration among certain investments, resulting in higher trading costs and return volatility. Investing in high-yield securities (commonly referred to as junk bonds) is subject to greater levels of credit, interest rate, market and liquidity risks than investment-grade securities. Investing in foreign and emerging market securities may involve heightened risk due to currency fluctuations and economic and political risks. Regulatory changes may impair the Funds ability to qualify for federal income tax treatment as a regulated investment company, which could result in the Fund and shareholders incurring significant income tax expense. The Fund may have high portfolio turnover risk, which could increase the Funds transaction costs and possibly have a negative impact on performance. Because the Fund may invest in fewer issuers than a more diversified portfolio, the fluctuating value of a single holding may have a greater effect on the value of the Fund. American Beacon AHL TargetRisk Fund: Investing in derivative instruments involves liquidity, credit, interest rate and market risks. The use of quantitative models may lead to high levels of trading and concentration among certain investments, resulting in higher trading costs and return volatility. Investing in high-yield securities (commonly referred to as junk bonds) is subject to greater levels of credit, interest rate, market and liquidity risks than investment-grade securities. In a period of sustained deflation, inflation index-linked securities may not pay any income and may suffer a loss. Investing in foreign and emerging market securities may involve heightened risk due to currency fluctuations and economic and political risks. Regulatory changes may impair the Funds ability to qualify for federal income tax treatment as a regulated investment company, which could result in the Fund and shareholders incurring significant income tax expense. The Fund may have high portfolio turnover risk, which could increase the Funds transaction costs and possibly have a negative impact on performance. Because the Fund may invest in fewer issuers than a more diversified portfolio, the fluctuating value of a single holding may have a greater effect on the value of the Fund. Please see the prospectus for a complete discussion of each Funds risks. There can be no assurances that the investment objectives of any Fund will be met. American Beacon is a registered service mark of American Beacon Advisors, Inc. American Beacon Funds, American Beacon AHL Managed Futures Strategy Fund, American Beacon AHL TargetRisk Core Fund and American Beacon AHL TargetRisk Fund are service marks of American Beacon Advisors, Inc. The American Beacon Funds are distributed by Resolute Investment Distributors, Inc. YAB6-PRESS-1 12/20 1 As of September 30, 2020. This refers to the combined AUM of all affiliated Man Group investment managers. Throughout this communication, reference to Man Group refers to all Man Group plc and its subsidiaries. All investment management services are offered through Man Groups affiliated investment managers.
Answer:
|
American Beacon Advisors and Man AHL Launch the American Beacon AHL TargetRisk Core Fund New Fund Combines Systematic Approach With Active Risk Management and Capital Preservation
|
IRVING, Texas--(BUSINESS WIRE)--American Beacon Advisors, Inc. (American Beacon), a leading provider of investment advisory services to institutional and retail markets, announced today the launch of the American Beacon AHL TargetRisk Core Fund (Fund) (R6 Class: AHTRX; Y Class: AABYX; A Class: AAHAX; C Class: AAECX), the third mutual fund sub-advised for the firm by London-based AHL Partners LLP (Man AHL), an investment engine part of Man Group plc, the global active investment manager. The Funds shares became available on December 16, 2020. The American Beacon AHL TargetRisk Core Fund is a long-only dynamic risk managed strategy, providing investors with a core, balanced portfolio allocation. The Fund invests in global bonds and equities through futures contracts, and scales allocations to these asset classes based on market volatility. Risk management is central to the Funds approach, with the aim of reducing overall drawdowns and exposure to swings in volatility while providing excess returns over the long term, regardless of market conditions. The Fund further draws upon Man AHLs more than 30 years of quantitative investing experience by employing three proprietary risk-managed overlays that engage systematically based on the market environment: volatility, momentum and correlation. TargetRisk Core builds on the success of the American Beacon AHL TargetRisk Fund, which debuted at the end of 2018 and provides investors with a diverse allocation across bonds, equities, credit and inflation. Gene Needles, chairman and CEO of American Beacon and its parent company, Resolute Investment Managers, said: Weve seen rapid market adoption of the American Beacon AHL TargetRisk Fund, so were delighted to once again partner with Man AHL to bring this new sister fund to our clients. The Fund is driven by some of the most sophisticated systematic trading systems available, and it employs deep investment and academic research with the aim of mitigating risk and adjusting its exposures to maintain a steady level of volatility in different market environments. Russell Korgaonkar, chief investment officer at Man AHL, said: Weve had a strong strategic partnership with American Beacon for over six years, and were pleased to bring this new product to investors through the firms extensive distribution network. We believe that dynamic risk management will make the difference in generating returns over the long run, and that this systematic approach can provide investors with a smoother experience as they navigate choppy and unpredictable markets. Man AHL now sub-advises three funds for American Beacon. In addition to the new Fund, Man AHL also sub-advises: About American Beacon Advisors An investment affiliate of Resolute Investment Managers, Inc., American Beacon Advisors, Inc. is a leading provider of investment advisory services to institutional and retail markets. Established in 1986, American Beacon Advisors serves defined benefit plans, defined contribution plans, foundations, endowments, corporations and other institutional investors, as well as retail clients. The firm also provides corporate cash management and fixed-income separate account management. American Beacon Advisors manages the American Beacon Funds, a series of competitively priced mutual funds. The Funds employ a manager of managers investment style and currently include international and domestic equity, fixed income and money market funds. As of September 30, 2020, American Beacon Advisors had more than $55.5 billion in assets under management; the affiliated companies of Resolute Investment Managers had approximately $102.0 billion in assets under management. For more information, visit www.americanbeaconadvisors.com. About Man Group Man Group plc is a global active investment management firm, with $113.11 billion of client capital in liquid and private markets, managed by investment specialists based around the world. Headquartered in London, the firm has 15 international offices and operates across multiple jurisdictions. The business has five specialist investment engines, which represent the range of its capabilities: Man AHL, Man Numeric, Man GLG, Man FRM and Man GPM. Further information can be found at www.man.com. About Man AHL Man AHL employs diversified quantitative techniques to offer a range of strategies which encompass traditional momentum, non-traditional momentum, multi-strategy and long-only strategies. Man AHLs strategies are primarily alternative and seek to gain potential predictive, alpha-generating insights through rigorous analysis of large data sets. Man AHL applies scientific rigour, advanced technology and execution to a diverse range of data in order to build systematic investment strategies, trading continuously over hundreds of global markets. The team of over a hundred investment professionals is comprised of scientists, technologists and finance practitioners, driven by curiosity and intellectual honesty, and a passion for solving the complex problems presented by financial markets. Man AHL leverages Man Groups unique collaboration with the University of Oxford, the Oxford-Man Institute of Quantitative Finance (OMI). The OMI conducts field-leading academic research into machine learning and data analytics, which can be applied to quantitative investing. Founded in 1987, Man AHLs funds under management were $38.8 billion at 30 September 2020. Further information can be found at www.man.com/ahl. You should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The prospectus and summary prospectus contain this and additional information regarding the Fund. To obtain a prospectus or summary prospectus, call 800.967.9009 or visit americanbeaconfunds.com. The prospectus and summary prospectus should be read carefully before investing. American Beacon AHL Managed Futures Strategy Fund: Investing in derivative instruments involves liquidity, credit, interest rate and market risks. The use of quantitative models may lead to high levels of trading and concentration among certain investments, resulting in higher trading costs and return volatility. Investing in foreign and emerging market securities may involve heightened risk due to currency fluctuations and economic and political risks. Regulatory changes may impair the Funds ability to qualify for federal income tax treatment as a regulated investment company, which could result in the Fund and shareholders incurring significant income tax expense. The Fund may have high portfolio turnover risk, which could increase the Funds transaction costs and possibly have a negative impact on performance. Because the Fund may invest in fewer issuers than a more diversified portfolio, the fluctuating value of a single holding may have a greater effect on the value of the Fund. American Beacon AHL TargetRisk Core Fund: Investing in derivative instruments involves liquidity, credit, interest rate and market risks. The use of quantitative models may lead to high levels of trading and concentration among certain investments, resulting in higher trading costs and return volatility. Investing in high-yield securities (commonly referred to as junk bonds) is subject to greater levels of credit, interest rate, market and liquidity risks than investment-grade securities. Investing in foreign and emerging market securities may involve heightened risk due to currency fluctuations and economic and political risks. Regulatory changes may impair the Funds ability to qualify for federal income tax treatment as a regulated investment company, which could result in the Fund and shareholders incurring significant income tax expense. The Fund may have high portfolio turnover risk, which could increase the Funds transaction costs and possibly have a negative impact on performance. Because the Fund may invest in fewer issuers than a more diversified portfolio, the fluctuating value of a single holding may have a greater effect on the value of the Fund. American Beacon AHL TargetRisk Fund: Investing in derivative instruments involves liquidity, credit, interest rate and market risks. The use of quantitative models may lead to high levels of trading and concentration among certain investments, resulting in higher trading costs and return volatility. Investing in high-yield securities (commonly referred to as junk bonds) is subject to greater levels of credit, interest rate, market and liquidity risks than investment-grade securities. In a period of sustained deflation, inflation index-linked securities may not pay any income and may suffer a loss. Investing in foreign and emerging market securities may involve heightened risk due to currency fluctuations and economic and political risks. Regulatory changes may impair the Funds ability to qualify for federal income tax treatment as a regulated investment company, which could result in the Fund and shareholders incurring significant income tax expense. The Fund may have high portfolio turnover risk, which could increase the Funds transaction costs and possibly have a negative impact on performance. Because the Fund may invest in fewer issuers than a more diversified portfolio, the fluctuating value of a single holding may have a greater effect on the value of the Fund. Please see the prospectus for a complete discussion of each Funds risks. There can be no assurances that the investment objectives of any Fund will be met. American Beacon is a registered service mark of American Beacon Advisors, Inc. American Beacon Funds, American Beacon AHL Managed Futures Strategy Fund, American Beacon AHL TargetRisk Core Fund and American Beacon AHL TargetRisk Fund are service marks of American Beacon Advisors, Inc. The American Beacon Funds are distributed by Resolute Investment Distributors, Inc. YAB6-PRESS-1 12/20 1 As of September 30, 2020. This refers to the combined AUM of all affiliated Man Group investment managers. Throughout this communication, reference to Man Group refers to all Man Group plc and its subsidiaries. All investment management services are offered through Man Groups affiliated investment managers.
|
edtsum3535
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SAN FRANCISCO, April 15, 2020 /PRNewswire/ -- The global micro server IC marketis anticipated to witness a healthy CAGR during the forecast period (2013 to 2028). Micro service integrated circuit (IC) consists of thousands of resistors, transistors, and capacitors. They are used as microprocessors to perform various calculations. Transistors used in micro server ICs are quite small in size and are measured in nanometers. Small size transistor based micro server ICs are likely to produce less heat and deliver high energy efficiency. Transistors are capable of performing calculations. Thereby, large number of transistors in an IC means it can perform multiple calculations per second. Increasing number of data centers in developing and developed countries is anticipated to propel market growth. Growing number of internet users across the globe are generating huge volume of data through mobile devices. Rising volume of data is expected to impel demand for big data centers, which further requires multiple micro server ICs. In addition, rising demand for compact and energy-efficient equipment in data centers is predicted to augment market growth of Micro Server IC Market. Manufacturing companies are using advanced technologies to reduce the size of transistors. Moreover, growing adoption of web-hosting and cloud computing will drive the market over the forecast period. This is attributed to reduce prices of cloud storage and web hosting in past few years. Cloud is likely to generate demand for storage, data processing, and security for cloud service providers. To cater to rising demand for Micro Server IC Market, manufacturing companies are investing in R&D to develop advanced products. For instance, in January 2019, Huawei Technologies launched new core processor chipset for data center servers. The device is aimed to reduce power consumption and improve performance. Processor Insights Based on processor, the Micro Server IC Market is bifurcated into Intel processor and ARM processor. Intel processor segment is expected to witness highest market share over the forecast period. This is attributed to wide range of consumers and company's partners that deploy Intel based ICs owing to smooth software support. In addition, use of 14nm process technology by the company to produce wide range of chips is driving segment's growth. Download PDFto know more details about "Micro Server IC Market" report 2028. Offering Insights On the basis of offerings, the Micro Server IC Market is categorized into hardware and software. Hardware segment is anticipated to account for highest market share over the forecast period. This is attributed to rising demand for compact chips for data centers. End User Insights In terms of end user, the Micro Server IC Market is classified into small scale enterprise, medium scale enterprise, and large scale enterprise. Small and medium scale enterprises are likely to opt for micro server ICs instead of traditional enterprise class servers. This is owing to less initial investment required to purchase and deploy compact servers. Application insights On the basis of application, the Micro Server IC Market is segregated into media storage, data centers, analytics, cloud computing, and others. Data center segment is anticipated to grow at highest rate over the forecast period. This is attributed to rising demand for efficient management of large volume of data getting generated from mobile devices. Data center refers to a facility that consists of telecommunication systems, storage systems, and computers. Changing preference for micro servers over conventional rack servers in data centers is driving segment's growth. In addition, growing requirement for data centers in businesses such as banking, IT & Telecom, healthcare, government, and agriculture will drive segment's growth in the coming years. Regional Insights Regional segmentation includes North America, Asia Pacific, Europe, South America, and Middle East and Africa. North America is predicted to witness significant market share over the forecast period owing to presence of key market players in the region. In addition, early adoption of advanced technologies such as machine-to-machine learning and internet of things (IoT) enabled devices is expected to impel demand for cloud computing. Growing need for cloud-based services and deployment of data centers will drive regional market growth. Some of the key players operating in the micro server IC market are Arm Holdings, Intel Corporation, Applied Micro Circuits Corporation, Cavium, and Marvell Technology Group. Companies are investing in R&D activities to develop new products and expand their product portfolio. In addition, companies are also adopting business strategies such as mergers and acquisitions to develop new technologies and to gain competitive edge. Access 105 page research report with TOC on "Micro Server IC Market" available with Radiant Insights, Inc. @ https://www.radiantinsights.com/research/2013-2028-report-on-global-micro-server-ic-market This report provides detailed historical analysis of global market for Micro Server IC from 2013-2018, and provides extensive market forecasts from 2018-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Micro Server IC market. Leading players of Micro Server IC including: Intel Corporation ARM Holdings PLC Hewlett Packard Enterprise Quanta Computer Inc. Applied Micro Circuits Corporation Marvell Technology Group Ltd. Cavium Inc. Dell Technologies Penguin Computing Ambedded Technology Market split by Type, can be divided into: Intel Based ARM Based Market split by Application, can be divided into: Media Storage Data Centers Analytics Cloud Computing Others Market split by Sales Channel, can be divided into: Direct Channel Distribution Channel Market segment by Region/Country including: North America (United States, Canada and Mexico) Europe (Germany, UK, France, Italy, Russia and Spain etc.) Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.) South America Brazil, Argentina, Colombia and Chile etc.) Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.) Browse reports of similar category available with Radiant Insights, Inc.: Toaster Ovens Market Mass Comparators Market Pneumatic Components Market Smart Musical Instruments Market About Radiant Insights, Inc.: At Radiant Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact:Michelle Thoras.Corporate Sales SpecialistRadiant Insights, Inc.Phone: +1-415-349-0054Toll Free: 1-888-928-9744Email: [emailprotected] Web: https://www.radiantinsights.comBlog: https://radiantinsightsinc.blogspot.com SOURCE Radiant Insights, Inc.
Answer:
|
Micro Server IC Market Analysis - New Opportunities Explored, Expansion at High CAGR Anticipated By 2028: Radiant Insights, Inc.
|
SAN FRANCISCO, April 15, 2020 /PRNewswire/ -- The global micro server IC marketis anticipated to witness a healthy CAGR during the forecast period (2013 to 2028). Micro service integrated circuit (IC) consists of thousands of resistors, transistors, and capacitors. They are used as microprocessors to perform various calculations. Transistors used in micro server ICs are quite small in size and are measured in nanometers. Small size transistor based micro server ICs are likely to produce less heat and deliver high energy efficiency. Transistors are capable of performing calculations. Thereby, large number of transistors in an IC means it can perform multiple calculations per second. Increasing number of data centers in developing and developed countries is anticipated to propel market growth. Growing number of internet users across the globe are generating huge volume of data through mobile devices. Rising volume of data is expected to impel demand for big data centers, which further requires multiple micro server ICs. In addition, rising demand for compact and energy-efficient equipment in data centers is predicted to augment market growth of Micro Server IC Market. Manufacturing companies are using advanced technologies to reduce the size of transistors. Moreover, growing adoption of web-hosting and cloud computing will drive the market over the forecast period. This is attributed to reduce prices of cloud storage and web hosting in past few years. Cloud is likely to generate demand for storage, data processing, and security for cloud service providers. To cater to rising demand for Micro Server IC Market, manufacturing companies are investing in R&D to develop advanced products. For instance, in January 2019, Huawei Technologies launched new core processor chipset for data center servers. The device is aimed to reduce power consumption and improve performance. Processor Insights Based on processor, the Micro Server IC Market is bifurcated into Intel processor and ARM processor. Intel processor segment is expected to witness highest market share over the forecast period. This is attributed to wide range of consumers and company's partners that deploy Intel based ICs owing to smooth software support. In addition, use of 14nm process technology by the company to produce wide range of chips is driving segment's growth. Download PDFto know more details about "Micro Server IC Market" report 2028. Offering Insights On the basis of offerings, the Micro Server IC Market is categorized into hardware and software. Hardware segment is anticipated to account for highest market share over the forecast period. This is attributed to rising demand for compact chips for data centers. End User Insights In terms of end user, the Micro Server IC Market is classified into small scale enterprise, medium scale enterprise, and large scale enterprise. Small and medium scale enterprises are likely to opt for micro server ICs instead of traditional enterprise class servers. This is owing to less initial investment required to purchase and deploy compact servers. Application insights On the basis of application, the Micro Server IC Market is segregated into media storage, data centers, analytics, cloud computing, and others. Data center segment is anticipated to grow at highest rate over the forecast period. This is attributed to rising demand for efficient management of large volume of data getting generated from mobile devices. Data center refers to a facility that consists of telecommunication systems, storage systems, and computers. Changing preference for micro servers over conventional rack servers in data centers is driving segment's growth. In addition, growing requirement for data centers in businesses such as banking, IT & Telecom, healthcare, government, and agriculture will drive segment's growth in the coming years. Regional Insights Regional segmentation includes North America, Asia Pacific, Europe, South America, and Middle East and Africa. North America is predicted to witness significant market share over the forecast period owing to presence of key market players in the region. In addition, early adoption of advanced technologies such as machine-to-machine learning and internet of things (IoT) enabled devices is expected to impel demand for cloud computing. Growing need for cloud-based services and deployment of data centers will drive regional market growth. Some of the key players operating in the micro server IC market are Arm Holdings, Intel Corporation, Applied Micro Circuits Corporation, Cavium, and Marvell Technology Group. Companies are investing in R&D activities to develop new products and expand their product portfolio. In addition, companies are also adopting business strategies such as mergers and acquisitions to develop new technologies and to gain competitive edge. Access 105 page research report with TOC on "Micro Server IC Market" available with Radiant Insights, Inc. @ https://www.radiantinsights.com/research/2013-2028-report-on-global-micro-server-ic-market This report provides detailed historical analysis of global market for Micro Server IC from 2013-2018, and provides extensive market forecasts from 2018-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Micro Server IC market. Leading players of Micro Server IC including: Intel Corporation ARM Holdings PLC Hewlett Packard Enterprise Quanta Computer Inc. Applied Micro Circuits Corporation Marvell Technology Group Ltd. Cavium Inc. Dell Technologies Penguin Computing Ambedded Technology Market split by Type, can be divided into: Intel Based ARM Based Market split by Application, can be divided into: Media Storage Data Centers Analytics Cloud Computing Others Market split by Sales Channel, can be divided into: Direct Channel Distribution Channel Market segment by Region/Country including: North America (United States, Canada and Mexico) Europe (Germany, UK, France, Italy, Russia and Spain etc.) Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.) South America Brazil, Argentina, Colombia and Chile etc.) Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.) Browse reports of similar category available with Radiant Insights, Inc.: Toaster Ovens Market Mass Comparators Market Pneumatic Components Market Smart Musical Instruments Market About Radiant Insights, Inc.: At Radiant Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact:Michelle Thoras.Corporate Sales SpecialistRadiant Insights, Inc.Phone: +1-415-349-0054Toll Free: 1-888-928-9744Email: [emailprotected] Web: https://www.radiantinsights.comBlog: https://radiantinsightsinc.blogspot.com SOURCE Radiant Insights, Inc.
|
edtsum3536
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: PHILADELPHIA, Dec. 21, 2020 /PRNewswire/ --Livent Corporation (NYSE: LTHM) today announced that its 2021 Annual Meeting of Stockholders will be held via live webcast on Thursday, April 29, 2021 at 2:00 p.m. E.T. Instructions for accessing the webcast will be available on the company's Investor Relations website, located at https://ir.livent.com. About LiventFor nearly eight decades, Livent has partnered with its customers to safely and sustainably use lithium to power the world. Livent is one of only a small number of companies with the capability, reputation, and know-how to produce high-quality finished lithium compounds that are helping meet the growing demand for lithium. The company has one of the broadest product portfolios in the industry, powering demand for green energy, modern mobility, the mobile economy, and specialized innovations, including light alloys and lubricants. Livent employs approximately 800 people throughout the world and operates manufacturing sites in the United States, England, India, China and Argentina. For more information, visitLivent.com. The company's investor relations website, located athttps://ir.livent.com, should be considered as a recognized channel of distribution, and the company may periodically post important information to the website for investors, including information that the company may wish to disclose publicly for purposes of complying with federal securities laws. Media contact:Juan Carlos Cruz +1.215.299.6170[emailprotected] Investor contact:Daniel Rosen +1.215.299.6208[emailprotected] SOURCE Livent Corporation Related Links https://livent.com
Answer:
|
Livent Announces Date of 2021 Annual Meeting of Stockholders
|
PHILADELPHIA, Dec. 21, 2020 /PRNewswire/ --Livent Corporation (NYSE: LTHM) today announced that its 2021 Annual Meeting of Stockholders will be held via live webcast on Thursday, April 29, 2021 at 2:00 p.m. E.T. Instructions for accessing the webcast will be available on the company's Investor Relations website, located at https://ir.livent.com. About LiventFor nearly eight decades, Livent has partnered with its customers to safely and sustainably use lithium to power the world. Livent is one of only a small number of companies with the capability, reputation, and know-how to produce high-quality finished lithium compounds that are helping meet the growing demand for lithium. The company has one of the broadest product portfolios in the industry, powering demand for green energy, modern mobility, the mobile economy, and specialized innovations, including light alloys and lubricants. Livent employs approximately 800 people throughout the world and operates manufacturing sites in the United States, England, India, China and Argentina. For more information, visitLivent.com. The company's investor relations website, located athttps://ir.livent.com, should be considered as a recognized channel of distribution, and the company may periodically post important information to the website for investors, including information that the company may wish to disclose publicly for purposes of complying with federal securities laws. Media contact:Juan Carlos Cruz +1.215.299.6170[emailprotected] Investor contact:Daniel Rosen +1.215.299.6208[emailprotected] SOURCE Livent Corporation Related Links https://livent.com
|
edtsum3541
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: FOSTER CITY, Calif., Jan. 14, 2021 /PRNewswire/ --Insure.com, a comprehensive resource for insurance information, releases its ninth annual survey detailing outstanding life insurance companies. The top-ranked companies offer competitive pricing, strong customer service and have a consumer base willing to recommend them. Insure surveyed more than 2,000 people about their life insurance companies. The 10 highest-ranking life insurance companies for 2021 are: AAA Life Insurance American General (AIG) Prudential New York Life Allstate Globe Life Insurance John Hancock Northwestern Mutual State Farm Mutual of Omaha The complete research is available: Best Life Insurance Companies For 2021 This life insurance survey uses one of the most unique, up-to-date, annual analyses of member satisfaction. Insurers with the highest U.S. market share are ranked on value for price, customer service, website and mobile app usefulness, and whether customers would recommend their life insurance carrier. Notably, the top three performers for 2021 replace the top finishers from last year, with 91% of respondents saying they'd recommend AAA Life Insurance Company and 90% would recommend AIG. Prudential is a clear favorite for Baby Boomers and those in the Northeast. Survey results reveal that a company's reputation is an important consideration when selecting a life insurance company. Twenty-two percent (22%) cite reputation as a main reason for choosing AAA Life Insurance. AIG customers rank its website and app's usability as a chief reason for their satisfaction. New York Life Insurance Company customers are highly satisfied with the company's price, customer service, website and app. Allstate customers are so pleased with the company's price, customer service, website and app that 90% say they would recommend the company. "While reputation and price play a vital role when choosing a life insurance company, interestingly, many consumers seem to be persuaded by television advertising when evaluating company reputations," remarks Penny Gusner, senior consumer analyst for Insure. "This year, we see a significant number of respondents rank TV commercials as a top reason they were drawn to their life insurance provider to purchase a policy." Insure's annual survey also highlights the best life insurance companies by age and region. "New York Life ranks highest this year for Generation X customers, while AIG is preferred by Millennials," explains Gusner. In the West, respondents show favor for AAA while Midwesterners choose New York Life and Southern consumers view AIG as best. "Our experts not only enjoy sharing knowledge, but, as consumers, also want to know the best options for life insurance," adds Gusner. "We take our annual best insurance companies surveys very seriously so that we can all find a company that is the best fit for our needs." Methodology Insure commissioned a survey of top company policyholders. Many of those surveyed had multiple types of policies. The survey collected customer ratings for 15 leading companies in the life insurance category. Only current customers of the insurers on our list were surveyed, and the survey was not open to the general public on the website. Gusner is available to discuss the analysis of best life insurance companies annual survey. About Insure Insure.com is owned and operated by QuinStreet, Inc. (Nasdaq: QNST), a leader in providing performance marketplace technologies and services to the financial services and home services industries. QuinStreet is a pioneer in delivering online marketplace solutions to match searchers with brands in digital media. The company is committed to providing consumers with the information and tools they need to research, find and select the products and brands that meet their needs. Insure is a member of QuinStreet's expert research and publishing division. For over 20 years, Insure has served as a comprehensive consumer resource for insurance information, offering expert advice, articles, news, and tools about car, home, health, and life insurance. Consumers have access to free car insurance quotes and guidance on finding the right insurance policy, saving money and solving claims problems. Twitter: @InsureComFacebook: https://www.facebook.com/Insure Media Contact Charlene ArsenaultPublic Relations Outreach Specialist508-736-7708[emailprotected]LinkedIn SOURCE Insure.com
Answer:
|
Insure.com Names America's Best Life Insurance Companies Ninth annual survey asked more than 2,000 consumers to consider cost, customer service, website/app and more; AAA Life Insurance ranks on top in 2021
|
FOSTER CITY, Calif., Jan. 14, 2021 /PRNewswire/ --Insure.com, a comprehensive resource for insurance information, releases its ninth annual survey detailing outstanding life insurance companies. The top-ranked companies offer competitive pricing, strong customer service and have a consumer base willing to recommend them. Insure surveyed more than 2,000 people about their life insurance companies. The 10 highest-ranking life insurance companies for 2021 are: AAA Life Insurance American General (AIG) Prudential New York Life Allstate Globe Life Insurance John Hancock Northwestern Mutual State Farm Mutual of Omaha The complete research is available: Best Life Insurance Companies For 2021 This life insurance survey uses one of the most unique, up-to-date, annual analyses of member satisfaction. Insurers with the highest U.S. market share are ranked on value for price, customer service, website and mobile app usefulness, and whether customers would recommend their life insurance carrier. Notably, the top three performers for 2021 replace the top finishers from last year, with 91% of respondents saying they'd recommend AAA Life Insurance Company and 90% would recommend AIG. Prudential is a clear favorite for Baby Boomers and those in the Northeast. Survey results reveal that a company's reputation is an important consideration when selecting a life insurance company. Twenty-two percent (22%) cite reputation as a main reason for choosing AAA Life Insurance. AIG customers rank its website and app's usability as a chief reason for their satisfaction. New York Life Insurance Company customers are highly satisfied with the company's price, customer service, website and app. Allstate customers are so pleased with the company's price, customer service, website and app that 90% say they would recommend the company. "While reputation and price play a vital role when choosing a life insurance company, interestingly, many consumers seem to be persuaded by television advertising when evaluating company reputations," remarks Penny Gusner, senior consumer analyst for Insure. "This year, we see a significant number of respondents rank TV commercials as a top reason they were drawn to their life insurance provider to purchase a policy." Insure's annual survey also highlights the best life insurance companies by age and region. "New York Life ranks highest this year for Generation X customers, while AIG is preferred by Millennials," explains Gusner. In the West, respondents show favor for AAA while Midwesterners choose New York Life and Southern consumers view AIG as best. "Our experts not only enjoy sharing knowledge, but, as consumers, also want to know the best options for life insurance," adds Gusner. "We take our annual best insurance companies surveys very seriously so that we can all find a company that is the best fit for our needs." Methodology Insure commissioned a survey of top company policyholders. Many of those surveyed had multiple types of policies. The survey collected customer ratings for 15 leading companies in the life insurance category. Only current customers of the insurers on our list were surveyed, and the survey was not open to the general public on the website. Gusner is available to discuss the analysis of best life insurance companies annual survey. About Insure Insure.com is owned and operated by QuinStreet, Inc. (Nasdaq: QNST), a leader in providing performance marketplace technologies and services to the financial services and home services industries. QuinStreet is a pioneer in delivering online marketplace solutions to match searchers with brands in digital media. The company is committed to providing consumers with the information and tools they need to research, find and select the products and brands that meet their needs. Insure is a member of QuinStreet's expert research and publishing division. For over 20 years, Insure has served as a comprehensive consumer resource for insurance information, offering expert advice, articles, news, and tools about car, home, health, and life insurance. Consumers have access to free car insurance quotes and guidance on finding the right insurance policy, saving money and solving claims problems. Twitter: @InsureComFacebook: https://www.facebook.com/Insure Media Contact Charlene ArsenaultPublic Relations Outreach Specialist508-736-7708[emailprotected]LinkedIn SOURCE Insure.com
|
edtsum3546
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: LONDON--(BUSINESS WIRE)-- Xtrackers II Investment company with variable capital (Socit d'investissement capital variable) Registered office: 49, avenue J.F. Kennedy, L-1855 Luxembourg R.C.S. Luxembourg B-124.284 (the Company) NOTICE TO SHAREHOLDERS OF THE SUB-FUNDS LISTED ON THE LONDON STOCK EXCHANGE Luxembourg, 21 January 2021 The board of directors of the Company (the Board of Directors) hereby informs all shareholders of the sub-funds listed in the table below (each a Sub-Fund, and together the Sub-Funds) (the Shareholders) of the applicable net asset value (the NAV) in respect of each Sub-Fund for the below stated Transaction Day: Sub-Fund ISIN Outstanding Shares Currency Transaction Day NAV LEI Xtrackers II Australia Government Bond UCITS ETF 1C LU0494592974 203,319 AUD 21-Jan-2021 261.5276 5493001DKO4J3VIC6S40 Xtrackers II ESG EUR Corporate Bond Short Duration UCITS ETF 1C LU2178481649 1,183,000 EUR 21-Jan-2021 45.166 254900K0IMZDD09CXS95 Xtrackers II EUR Corporate Bond UCITS ETF 1C LU0478205379 13,326,458 EUR 21-Jan-2021 163.3564 54930094D590OBMERQ34 Xtrackers II EUR High Yield Corporate Bond UCITS ETF 1D LU1109942653 22,988,947 EUR 21-Jan-2021 17.4979 549300UV4W8IWCFNG644 Xtrackers II Eurozone Government Bond UCITS ETF 1C LU0290355717 12,827,594 EUR 21-Jan-2021 256.1212 549300DIHICM3ZLXEP07 Xtrackers II Eurozone Government Bond UCITS ETF 2C - USD Hedged LU2009147591 8,097 USD 21-Jan-2021 74.3064 549300DIHICM3ZLXEP07 Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D LU0321464652 433,292 GBP 21-Jan-2021 181.4016 5493000G2YZNJXGFTK15 Xtrackers II Global Aggregate Bond Swap UCITS ETF 1D LU0942970103 3,631,376 USD 21-Jan-2021 50.508 549300BLVKFY3X3CSM08 Xtrackers II Global Aggregate Bond Swap UCITS ETF 3D - GBP Hedged LU0942970368 87,340 GBP 21-Jan-2021 81.1577 549300BLVKFY3X3CSM08 Xtrackers II Global Government Bond UCITS ETF 2D - GBP Hedged LU0641006290 4,568,813 GBP 21-Jan-2021 28.9549 54930083J4P4SVHW2956 Xtrackers II Global Government Bond UCITS ETF 3C - USD Hedged LU0641006456 7,911,370 USD 21-Jan-2021 14.0454 54930083J4P4SVHW2956 Xtrackers II Global Government Bond UCITS ETF 5C LU0908508731 2,250,947 EUR 21-Jan-2021 253.4577 54930083J4P4SVHW2956 Xtrackers II Global Inflation-Linked Bond UCITS ETF 2C - USD Hedged LU0641007009 3,101,746 USD 21-Jan-2021 28.7844 5493000VBQKIS28QQO19 Xtrackers II Global Inflation-Linked Bond UCITS ETF 3D - GBP Hedged LU0641007264 7,223,548 GBP 21-Jan-2021 27.66 5493000VBQKIS28QQO19 Xtrackers II Global Inflation-Linked Bond UCITS ETF 5C LU0908508814 6,395,144 EUR 21-Jan-2021 23.5779 5493000VBQKIS28QQO19 Xtrackers II Harvest China Government Bond UCITS ETF 1D LU1094612022 5,346,450 USD 21-Jan-2021 23.3282 549300O5E1KYDMQOYN87 Xtrackers II US Treasuries 1-3 UCITS ETF 1D LU0429458895 455,226 USD 21-Jan-2021 173.0941 549300X8S61TTEI4MP41 Xtrackers II US Treasuries UCITS ETF 1D LU0429459356 2,270,336 USD 21-Jan-2021 237.052 549300OLEJ05STG43H27 Xtrackers II USD Asia ex Japan Corporate Bond UCITS ETF 1D LU1409136006 157,675 USD 21-Jan-2021 125.7286 549300X5N8OOQG00IL69 Xtrackers II USD Emerging Markets Bond UCITS ETF 2C LU1920015440 509,488 USD 21-Jan-2021 40.7836 5493007BM4QL0QT8JC81 Xtrackers II USD Emerging Markets Bond UCITS ETF 2D LU0677077884 76,846,475 USD 21-Jan-2021 15.4454 5493007BM4QL0QT8JC81 Xtrackers II USD Overnight Rate Swap UCITS ETF 1C LU0321465469 1,104,034 USD 21-Jan-2021 179.3863 5493002LZKER9YOPK680 This notice is for information purposes only. Shareholders are not required to take any action. Capitalised terms used in this letter shall have the meaning ascribed to them in the current prospectus of the Company (the Prospectus) unless the context otherwise requires. Further information in relation to this notice may be obtained from the Company on its registered address, the offices of foreign representatives or by sending an email Xtrackers@db.com Xtrackers II The board of directors
Answer:
|
Net Asset Value(s)
|
LONDON--(BUSINESS WIRE)-- Xtrackers II Investment company with variable capital (Socit d'investissement capital variable) Registered office: 49, avenue J.F. Kennedy, L-1855 Luxembourg R.C.S. Luxembourg B-124.284 (the Company) NOTICE TO SHAREHOLDERS OF THE SUB-FUNDS LISTED ON THE LONDON STOCK EXCHANGE Luxembourg, 21 January 2021 The board of directors of the Company (the Board of Directors) hereby informs all shareholders of the sub-funds listed in the table below (each a Sub-Fund, and together the Sub-Funds) (the Shareholders) of the applicable net asset value (the NAV) in respect of each Sub-Fund for the below stated Transaction Day: Sub-Fund ISIN Outstanding Shares Currency Transaction Day NAV LEI Xtrackers II Australia Government Bond UCITS ETF 1C LU0494592974 203,319 AUD 21-Jan-2021 261.5276 5493001DKO4J3VIC6S40 Xtrackers II ESG EUR Corporate Bond Short Duration UCITS ETF 1C LU2178481649 1,183,000 EUR 21-Jan-2021 45.166 254900K0IMZDD09CXS95 Xtrackers II EUR Corporate Bond UCITS ETF 1C LU0478205379 13,326,458 EUR 21-Jan-2021 163.3564 54930094D590OBMERQ34 Xtrackers II EUR High Yield Corporate Bond UCITS ETF 1D LU1109942653 22,988,947 EUR 21-Jan-2021 17.4979 549300UV4W8IWCFNG644 Xtrackers II Eurozone Government Bond UCITS ETF 1C LU0290355717 12,827,594 EUR 21-Jan-2021 256.1212 549300DIHICM3ZLXEP07 Xtrackers II Eurozone Government Bond UCITS ETF 2C - USD Hedged LU2009147591 8,097 USD 21-Jan-2021 74.3064 549300DIHICM3ZLXEP07 Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D LU0321464652 433,292 GBP 21-Jan-2021 181.4016 5493000G2YZNJXGFTK15 Xtrackers II Global Aggregate Bond Swap UCITS ETF 1D LU0942970103 3,631,376 USD 21-Jan-2021 50.508 549300BLVKFY3X3CSM08 Xtrackers II Global Aggregate Bond Swap UCITS ETF 3D - GBP Hedged LU0942970368 87,340 GBP 21-Jan-2021 81.1577 549300BLVKFY3X3CSM08 Xtrackers II Global Government Bond UCITS ETF 2D - GBP Hedged LU0641006290 4,568,813 GBP 21-Jan-2021 28.9549 54930083J4P4SVHW2956 Xtrackers II Global Government Bond UCITS ETF 3C - USD Hedged LU0641006456 7,911,370 USD 21-Jan-2021 14.0454 54930083J4P4SVHW2956 Xtrackers II Global Government Bond UCITS ETF 5C LU0908508731 2,250,947 EUR 21-Jan-2021 253.4577 54930083J4P4SVHW2956 Xtrackers II Global Inflation-Linked Bond UCITS ETF 2C - USD Hedged LU0641007009 3,101,746 USD 21-Jan-2021 28.7844 5493000VBQKIS28QQO19 Xtrackers II Global Inflation-Linked Bond UCITS ETF 3D - GBP Hedged LU0641007264 7,223,548 GBP 21-Jan-2021 27.66 5493000VBQKIS28QQO19 Xtrackers II Global Inflation-Linked Bond UCITS ETF 5C LU0908508814 6,395,144 EUR 21-Jan-2021 23.5779 5493000VBQKIS28QQO19 Xtrackers II Harvest China Government Bond UCITS ETF 1D LU1094612022 5,346,450 USD 21-Jan-2021 23.3282 549300O5E1KYDMQOYN87 Xtrackers II US Treasuries 1-3 UCITS ETF 1D LU0429458895 455,226 USD 21-Jan-2021 173.0941 549300X8S61TTEI4MP41 Xtrackers II US Treasuries UCITS ETF 1D LU0429459356 2,270,336 USD 21-Jan-2021 237.052 549300OLEJ05STG43H27 Xtrackers II USD Asia ex Japan Corporate Bond UCITS ETF 1D LU1409136006 157,675 USD 21-Jan-2021 125.7286 549300X5N8OOQG00IL69 Xtrackers II USD Emerging Markets Bond UCITS ETF 2C LU1920015440 509,488 USD 21-Jan-2021 40.7836 5493007BM4QL0QT8JC81 Xtrackers II USD Emerging Markets Bond UCITS ETF 2D LU0677077884 76,846,475 USD 21-Jan-2021 15.4454 5493007BM4QL0QT8JC81 Xtrackers II USD Overnight Rate Swap UCITS ETF 1C LU0321465469 1,104,034 USD 21-Jan-2021 179.3863 5493002LZKER9YOPK680 This notice is for information purposes only. Shareholders are not required to take any action. Capitalised terms used in this letter shall have the meaning ascribed to them in the current prospectus of the Company (the Prospectus) unless the context otherwise requires. Further information in relation to this notice may be obtained from the Company on its registered address, the offices of foreign representatives or by sending an email Xtrackers@db.com Xtrackers II The board of directors
|
edtsum3547
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: FORT LAUDERDALE, Fla., Jan. 13, 2021 /PRNewswire/ -- Stoner's Pizza Joint, a quick-service pizza franchise, announced today that it will have its grand opening in Daytona Beach and Boca Raton this week. The two new locations will bring Stoner's store count to 18 in the southeast region. Stoner's Daytona Beach will be located at 918 W International Speedway Unit 1 Daytona, FL 32114 and Stoner's Boca Raton at 146 NW 20th Street Boca Raton, FL 33431. Continue Reading Stoner's Pizza Joint Daytona "We are excited to expand our footprint in the Florida market with the opening of Daytona Beach and Boca Raton today! These locations are an ideal fit for our brand with the proximity to the Speedway in Daytona and Florida Atlantic University in Boca Raton," said Chief Executive Officer, John Stetson. "We look forward to bringing our high-quality ingredients at an affordable price to the area and continue to look for more opportunities in Florida." Stoner's Pizza Joint is a delivery and takeout focused concept featuring fresh, high-quality food prepared in-house daily with minimal production time, including proprietary recipes for the pizza dough, sauce, and cheese blend. Menu items include a variety of specialty pizzas, calzones, strombolis, sandwiches, hickory-smoked chicken wings made daily in-house, freshly prepared salads, and freshly baked desserts. About Stoner's Pizza JointFounded in 2013, Stoner's Pizza Joint launched its franchising program in late 2018 along with fresh new branding and a business model that has proven resilient to massive changes sweeping the food industry. Since the launch, Stoner's has continued to identify the Southeast region as a key market for expansion. For more information, visit https://www.stonerspizzajoint.com,or call 954-982-6618.Stoner's Pizza Joint is currently seeking qualified franchisees to help the brand grow nationwide in college town markets, with a focus on the Southeast region. Prospective franchisees should have a minimum net worth of $250,000. The ideal candidate is a proven, multi-unit operator in the restaurant industry and has a strong knowledge of their market. Stoner's Pizza Joint's Franchise Disclosure Document (FDD) reveals an estimated initial investment range of $90,000 to $206,000 for the first location, including a franchise fee of $25,000. To learn more about ownership opportunities with Stoner's Pizza Joint, contact the Stoner's Pizza Joint Franchise Development team, at [emailprotected].MEDIA CONTACT: Scott Mobley // Stoner's Pizza Joint 706-410-0667 [emailprotected] SOURCE Stoner's Pizza Joint
Answer:
|
Stoner's Pizza Joint Announces Grand Opening of Two Florida Locations
|
FORT LAUDERDALE, Fla., Jan. 13, 2021 /PRNewswire/ -- Stoner's Pizza Joint, a quick-service pizza franchise, announced today that it will have its grand opening in Daytona Beach and Boca Raton this week. The two new locations will bring Stoner's store count to 18 in the southeast region. Stoner's Daytona Beach will be located at 918 W International Speedway Unit 1 Daytona, FL 32114 and Stoner's Boca Raton at 146 NW 20th Street Boca Raton, FL 33431. Continue Reading Stoner's Pizza Joint Daytona "We are excited to expand our footprint in the Florida market with the opening of Daytona Beach and Boca Raton today! These locations are an ideal fit for our brand with the proximity to the Speedway in Daytona and Florida Atlantic University in Boca Raton," said Chief Executive Officer, John Stetson. "We look forward to bringing our high-quality ingredients at an affordable price to the area and continue to look for more opportunities in Florida." Stoner's Pizza Joint is a delivery and takeout focused concept featuring fresh, high-quality food prepared in-house daily with minimal production time, including proprietary recipes for the pizza dough, sauce, and cheese blend. Menu items include a variety of specialty pizzas, calzones, strombolis, sandwiches, hickory-smoked chicken wings made daily in-house, freshly prepared salads, and freshly baked desserts. About Stoner's Pizza JointFounded in 2013, Stoner's Pizza Joint launched its franchising program in late 2018 along with fresh new branding and a business model that has proven resilient to massive changes sweeping the food industry. Since the launch, Stoner's has continued to identify the Southeast region as a key market for expansion. For more information, visit https://www.stonerspizzajoint.com,or call 954-982-6618.Stoner's Pizza Joint is currently seeking qualified franchisees to help the brand grow nationwide in college town markets, with a focus on the Southeast region. Prospective franchisees should have a minimum net worth of $250,000. The ideal candidate is a proven, multi-unit operator in the restaurant industry and has a strong knowledge of their market. Stoner's Pizza Joint's Franchise Disclosure Document (FDD) reveals an estimated initial investment range of $90,000 to $206,000 for the first location, including a franchise fee of $25,000. To learn more about ownership opportunities with Stoner's Pizza Joint, contact the Stoner's Pizza Joint Franchise Development team, at [emailprotected].MEDIA CONTACT: Scott Mobley // Stoner's Pizza Joint 706-410-0667 [emailprotected] SOURCE Stoner's Pizza Joint
|
edtsum3548
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: DALLAS, April 26, 2021 /PRNewswire/ --Tri Global Energy, a leading originator and developer of utility-scale renewable energy projects, has entered into an agreement to sell two renewable energy projects the 180 megawatt (MW) Hoosier Line Wind project and the 400 MW Honey Creek Solar project to Leeward Renewable Energy, a growth-oriented renewable energy company that owns and operates a portfolio of approximately 2,000 MW of generating capacity. Hoosier Line Wind and Honey Creek Solar represent Tri Global Energy's first renewable energy projects in White County, Indiana. The wind and solar power projects, located in White County in northwestern Indiana and targeted to be operational as early as 2023, represent the first deal between the two Dallas-based companies and the first renewable project sales for Tri Global Energy (TGE) in Indiana. TGE has regional offices in Reynolds and Harford City, Indiana and also has other renewable projects under development in the state. "Hoosier Line Wind and Honey Creek Solar represent a significant milestone for TGE, our first expansion to Indiana," said John Billingsley, Chairman and CEO of Tri Global Energy. "We couldn't be more excited to begin a new relationship with Leeward, whose leadership shares our commitment to develop and expand clean energy and to invest in the advancement of local communities." Since the origination of these projects in 2019, Tri Global Energy has been the project developer. The company will continue as a co-development partner under the sale arrangement with Leeward Renewable Energy. "We are pleased to reach agreement with Tri Global Energy to acquire these well-planned development assets, and to partner with Tri Global on their continued development," said Jason Allen, CEO of Leeward Renewable Energy. "The projects accelerate our efforts in the Indiana market and are highly complementary to our aggressive growth strategy across the U.S.," added Allen.With 50 landowners involved in the projects, both Hoosier Line Wind and the Honey Creek Solar have gained strong support in White County. PJM utility interconnection and environmental studies are currently underway. Great Bay Renewables, a joint venture company between certain funds managed by affiliates of Apollo Global Management, Inc., and Altius Renewable Royalties Corp.(TSX: ARR) is providing royalty financing in support of Tri Global Energy completing and funding these projects' development through the start of construction. About Tri Global EnergyWe are developers of sustainable energy. Tri Global Energy's mission is to improve communities through local economic development generated by originating and commercializing renewable energy and storage projects. The company currently develops and owns utility-scale wind, solar and energy storage projects in Texas, Nebraska, Illinois, Indiana, Pennsylvania and Virginia. Tri Global Energy's headquarters is in Dallas with regional development offices in Lubbock, Texas; El Paso and Forreston, Illinois; and Reynolds and Hartford City, Indiana. For more information, visit www.triglobalenergy.com.About Leeward Renewable Energy, LLCLeeward Renewable Energy is a growth-oriented renewable energy company that owns and operates a portfolio of 22 renewable energy facilities across nine states totaling approximately 2,000 megawatts of generating capacity. Leeward is actively developing new wind, solar, and energy storage projects in energy markets across the U.S. Leeward is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada's largest defined benefit pension plans with C$105 billion in net assets (as at December 31, 2020). For more information, visitwww.leewardenergy.com.SOURCE Tri Global Energy Related Links http://www.triglobalenergy.com
Answer:
|
Tri Global Energy Announces Sale of 580 MW of Indiana Wind and Solar Projects to Leeward Renewable Energy
|
DALLAS, April 26, 2021 /PRNewswire/ --Tri Global Energy, a leading originator and developer of utility-scale renewable energy projects, has entered into an agreement to sell two renewable energy projects the 180 megawatt (MW) Hoosier Line Wind project and the 400 MW Honey Creek Solar project to Leeward Renewable Energy, a growth-oriented renewable energy company that owns and operates a portfolio of approximately 2,000 MW of generating capacity. Hoosier Line Wind and Honey Creek Solar represent Tri Global Energy's first renewable energy projects in White County, Indiana. The wind and solar power projects, located in White County in northwestern Indiana and targeted to be operational as early as 2023, represent the first deal between the two Dallas-based companies and the first renewable project sales for Tri Global Energy (TGE) in Indiana. TGE has regional offices in Reynolds and Harford City, Indiana and also has other renewable projects under development in the state. "Hoosier Line Wind and Honey Creek Solar represent a significant milestone for TGE, our first expansion to Indiana," said John Billingsley, Chairman and CEO of Tri Global Energy. "We couldn't be more excited to begin a new relationship with Leeward, whose leadership shares our commitment to develop and expand clean energy and to invest in the advancement of local communities." Since the origination of these projects in 2019, Tri Global Energy has been the project developer. The company will continue as a co-development partner under the sale arrangement with Leeward Renewable Energy. "We are pleased to reach agreement with Tri Global Energy to acquire these well-planned development assets, and to partner with Tri Global on their continued development," said Jason Allen, CEO of Leeward Renewable Energy. "The projects accelerate our efforts in the Indiana market and are highly complementary to our aggressive growth strategy across the U.S.," added Allen.With 50 landowners involved in the projects, both Hoosier Line Wind and the Honey Creek Solar have gained strong support in White County. PJM utility interconnection and environmental studies are currently underway. Great Bay Renewables, a joint venture company between certain funds managed by affiliates of Apollo Global Management, Inc., and Altius Renewable Royalties Corp.(TSX: ARR) is providing royalty financing in support of Tri Global Energy completing and funding these projects' development through the start of construction. About Tri Global EnergyWe are developers of sustainable energy. Tri Global Energy's mission is to improve communities through local economic development generated by originating and commercializing renewable energy and storage projects. The company currently develops and owns utility-scale wind, solar and energy storage projects in Texas, Nebraska, Illinois, Indiana, Pennsylvania and Virginia. Tri Global Energy's headquarters is in Dallas with regional development offices in Lubbock, Texas; El Paso and Forreston, Illinois; and Reynolds and Hartford City, Indiana. For more information, visit www.triglobalenergy.com.About Leeward Renewable Energy, LLCLeeward Renewable Energy is a growth-oriented renewable energy company that owns and operates a portfolio of 22 renewable energy facilities across nine states totaling approximately 2,000 megawatts of generating capacity. Leeward is actively developing new wind, solar, and energy storage projects in energy markets across the U.S. Leeward is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada's largest defined benefit pension plans with C$105 billion in net assets (as at December 31, 2020). For more information, visitwww.leewardenergy.com.SOURCE Tri Global Energy Related Links http://www.triglobalenergy.com
|
edtsum3565
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: LONDON--(BUSINESS WIRE)-- FORM 8.5 (EPT/NON-RI) PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (RI) STATUS (OR WHERE RI STATUS IS NOT APPLICABLE) Rule 8.5 of the Takeover Code (the Code) 1. KEY INFORMATION BARCLAYS CAPITAL SECURITIES LTD EQUINITI GROUP PLC EQUINITI GROUP PLC 04 May 2021 NO 2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) Interests Short Positions Number (%) Number (%) (1) 1,442,018 0.39% 319,172 0.09% (2) 209,540 0.06% 594,505 0.16% (3) 0 0.00% 0 0.00% 1,651,558 0.45% 913,677 0.25% All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). (b) Rights to subscribe for new securities (including directors and other employee options) Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales Class of relevant Purchase/sale Total number of Highest price per unit Lowest price per unit security securities paid/received paid/received 0.1p ordinary Purchase 32,821 1.7533 GBP 1.7399 GBP 0.1p ordinary Sale 30,003 1.7506 GBP 1.74 GBP (b) Cash-settled derivative transactions Class of Product Nature of dealing Number of Price per relevant description reference unit security securities 0.1p ordinary SWAP Long 2 1.7400 GBP 0.1p ordinary SWAP Long 12,058 1.7471 GBP 0.1p ordinary SWAP Short 722 1.7461 GBP 0.1p ordinary SWAP Short 6,866 1.7522 GBP 0.1p ordinary SWAP Short 7,290 1.7499 GBP (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit (ii) Exercise Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit (d) Other dealings (including subscribing for new securities) Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable) 4. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state none None (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state none None (c) Attachments 5 May 2021 Large Holdings Regulatory Operations 020 3134 7213 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. The Panels Market Surveillance Unit is available for consultation in relation to the Codes disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panels website at www.thetakeoverpanel.org.uk.
Answer:
|
Form 8.5 (EPT/NON-RI) - EQUINITI GROUP PLC
|
LONDON--(BUSINESS WIRE)-- FORM 8.5 (EPT/NON-RI) PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (RI) STATUS (OR WHERE RI STATUS IS NOT APPLICABLE) Rule 8.5 of the Takeover Code (the Code) 1. KEY INFORMATION BARCLAYS CAPITAL SECURITIES LTD EQUINITI GROUP PLC EQUINITI GROUP PLC 04 May 2021 NO 2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) Interests Short Positions Number (%) Number (%) (1) 1,442,018 0.39% 319,172 0.09% (2) 209,540 0.06% 594,505 0.16% (3) 0 0.00% 0 0.00% 1,651,558 0.45% 913,677 0.25% All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). (b) Rights to subscribe for new securities (including directors and other employee options) Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales Class of relevant Purchase/sale Total number of Highest price per unit Lowest price per unit security securities paid/received paid/received 0.1p ordinary Purchase 32,821 1.7533 GBP 1.7399 GBP 0.1p ordinary Sale 30,003 1.7506 GBP 1.74 GBP (b) Cash-settled derivative transactions Class of Product Nature of dealing Number of Price per relevant description reference unit security securities 0.1p ordinary SWAP Long 2 1.7400 GBP 0.1p ordinary SWAP Long 12,058 1.7471 GBP 0.1p ordinary SWAP Short 722 1.7461 GBP 0.1p ordinary SWAP Short 6,866 1.7522 GBP 0.1p ordinary SWAP Short 7,290 1.7499 GBP (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit (ii) Exercise Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit (d) Other dealings (including subscribing for new securities) Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable) 4. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state none None (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state none None (c) Attachments 5 May 2021 Large Holdings Regulatory Operations 020 3134 7213 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. The Panels Market Surveillance Unit is available for consultation in relation to the Codes disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panels website at www.thetakeoverpanel.org.uk.
|
edtsum3576
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: IRVINE, Calif., June 9, 2020 /PRNewswire/ -- Netwrix, a vendor that makes data security easy,reveals the top five cybersecurity trends for organizations to keep an eye on in the second half of 2020 and beyond. Although the massive transition to remote work in response to the global pandemic has led to an increase in cyber-attacks, Netwrix experts don't envision dramatic shifts in the cybersecurity threat landscape. Instead, they identify the following trends that have accelerated and will have the biggest impact on organizations: The insider threat will become even more pressing. With many organizations already planning to keep more of their staff working from home, IT teams will have to adapt to a larger remote workforce which means a lack of control over a greater number of endpoints and network devices. Therefore, organizations need to develop new security strategies based on the zero trust model, including ways to prevent sensitive data from spreading across employee endpoints and cloud collaboration tools. Security by design and by default will become the norm. Use of online services from retailers to social media to productivity tools has exploded during the pandemic. Unfortunately, many users have little knowledge about cybersecurity threats, which makes them easy targets for online scams. To mitigate risk, organizations should clearly communicate security best practices, but they will also need to build in as many safeguards as possible. Indeed, every organization offering online services will be under increased scrutiny to enable strong security and privacy settings by default, and some will use advanced security options as a market differentiator. Deepfakes will take spoofing to the next level.Emails impersonating C-level management and voice spoofing will continue, but the extensive use of video conferencing for regular communication will lead to a rise in a newer variant of this attack vector: video spoofing. We don't expect deepfakes to become widespread soon, but AI and neural networks will make them more probable. To withstand this threat, organizations will have to reshape their approval processes, especially for budget and data access. In addition, IT teams will need to increase the accountability of all employees and prevent illegitimate elevation of privileges. Attacks will go undetected in a flood of false alarms.The abrupt change to remote working has caused many security monitoring solutions to generate far more false positives, since they require time to adapt to the new normal. A similar spike in false alarms will occur when employees return to the office. Hackers will continue to use these turbulent time to launch attacks, knowing that organizations will be blind to their malicious behavior. IT needs to remain vigilant and find ways to spot and investigate the true threats in all the noise. Organizations will move beyond passwords.As people flock to online services, re-use of passwords between services will increase, since users cannot remember dozens of unique passwords and are reluctant to adopt password management tools. To reduce the risk of breaches from compromised credentials, organizations will adopt non-password authentication methods, such as biometric data like fingerprints or eye scans. As the amount of personal data transmitted and stored online increases, organizations will need to implement adaptive risk management programs and have security in mind every time they implement new services and technologies. "Every crisis forces organizations to scrutinize where they are focusing their resources and efforts. While many IT projects can be suspended, a strong cybersecurity strategy remains vital. Automating cybersecurity tasks enables IT professionals to do more with less while reducing human errors and inconsistencies, which helps the organization improve productivity, reduce operational expenditures and refocus the talent of their workers on more critical areas," said Ilia Sotnikov, VP of Product Management. About Netwrix Netwrix makes data security easy by simplifying how professionals control sensitive, regulated and business-critical data, regardless of where it resides. Over 10,000 organizations worldwide rely on Netwrix solutions to secure sensitive data, realize the full business value of enterprise content, pass compliance audits with less effort and expense, and increase the productivity of IT teams and knowledge workers. Founded in 2006, Netwrix has earned more than 150 industry awards and been named to both the Inc. 5000 and Deloitte Technology Fast 500 lists of the fastest growing companies in the U.S. For more information, visitwww.netwrix.com. CONTACT: Erin Jones Avista PR for NetwrixP: 704.664.2170 E: [emailprotected] SOURCE Netwrix Related Links http://www.netwrix.com
Answer:
|
Netwrix Reveals Five Cyber Security Trends to Watch in 2020 and Beyond The rapid transition to remote office has shifted focus away from cybersecurity, enabling threat actors to take advantage of loosened security policies.
|
IRVINE, Calif., June 9, 2020 /PRNewswire/ -- Netwrix, a vendor that makes data security easy,reveals the top five cybersecurity trends for organizations to keep an eye on in the second half of 2020 and beyond. Although the massive transition to remote work in response to the global pandemic has led to an increase in cyber-attacks, Netwrix experts don't envision dramatic shifts in the cybersecurity threat landscape. Instead, they identify the following trends that have accelerated and will have the biggest impact on organizations: The insider threat will become even more pressing. With many organizations already planning to keep more of their staff working from home, IT teams will have to adapt to a larger remote workforce which means a lack of control over a greater number of endpoints and network devices. Therefore, organizations need to develop new security strategies based on the zero trust model, including ways to prevent sensitive data from spreading across employee endpoints and cloud collaboration tools. Security by design and by default will become the norm. Use of online services from retailers to social media to productivity tools has exploded during the pandemic. Unfortunately, many users have little knowledge about cybersecurity threats, which makes them easy targets for online scams. To mitigate risk, organizations should clearly communicate security best practices, but they will also need to build in as many safeguards as possible. Indeed, every organization offering online services will be under increased scrutiny to enable strong security and privacy settings by default, and some will use advanced security options as a market differentiator. Deepfakes will take spoofing to the next level.Emails impersonating C-level management and voice spoofing will continue, but the extensive use of video conferencing for regular communication will lead to a rise in a newer variant of this attack vector: video spoofing. We don't expect deepfakes to become widespread soon, but AI and neural networks will make them more probable. To withstand this threat, organizations will have to reshape their approval processes, especially for budget and data access. In addition, IT teams will need to increase the accountability of all employees and prevent illegitimate elevation of privileges. Attacks will go undetected in a flood of false alarms.The abrupt change to remote working has caused many security monitoring solutions to generate far more false positives, since they require time to adapt to the new normal. A similar spike in false alarms will occur when employees return to the office. Hackers will continue to use these turbulent time to launch attacks, knowing that organizations will be blind to their malicious behavior. IT needs to remain vigilant and find ways to spot and investigate the true threats in all the noise. Organizations will move beyond passwords.As people flock to online services, re-use of passwords between services will increase, since users cannot remember dozens of unique passwords and are reluctant to adopt password management tools. To reduce the risk of breaches from compromised credentials, organizations will adopt non-password authentication methods, such as biometric data like fingerprints or eye scans. As the amount of personal data transmitted and stored online increases, organizations will need to implement adaptive risk management programs and have security in mind every time they implement new services and technologies. "Every crisis forces organizations to scrutinize where they are focusing their resources and efforts. While many IT projects can be suspended, a strong cybersecurity strategy remains vital. Automating cybersecurity tasks enables IT professionals to do more with less while reducing human errors and inconsistencies, which helps the organization improve productivity, reduce operational expenditures and refocus the talent of their workers on more critical areas," said Ilia Sotnikov, VP of Product Management. About Netwrix Netwrix makes data security easy by simplifying how professionals control sensitive, regulated and business-critical data, regardless of where it resides. Over 10,000 organizations worldwide rely on Netwrix solutions to secure sensitive data, realize the full business value of enterprise content, pass compliance audits with less effort and expense, and increase the productivity of IT teams and knowledge workers. Founded in 2006, Netwrix has earned more than 150 industry awards and been named to both the Inc. 5000 and Deloitte Technology Fast 500 lists of the fastest growing companies in the U.S. For more information, visitwww.netwrix.com. CONTACT: Erin Jones Avista PR for NetwrixP: 704.664.2170 E: [emailprotected] SOURCE Netwrix Related Links http://www.netwrix.com
|
edtsum3584
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, reminds the purchasers of the securities of Teva Pharmaceuticals Industries Limited (NYSE: TEVA) between October 29, 2015 and August 18, 2020, inclusive (the Class Period), of the important November 23, 2020 lead plaintiff deadline in securities class action. The lawsuit seeks to recover damages for Teva investors under the federal securities laws. To join the Teva class action, go to http://www.rosenlegal.com/cases-register-1956.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. The complaint alleges that throughout the Class Period, defendants made materially false and misleading statements regarding Tevas business, operational, and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (1) Teva had made substantial illegal kickback payments to charitable foundations to cover Medicare co-payment obligations of patients taking Copaxone; (2) accordingly, Teva's revenues derived from Copaxone were in part the product of unlawful conduct and thus unsustainable; (3) the foregoing misconduct subjected Teva to a foreseeable risk of heightened regulatory scrutiny and enforcement, as well as reputational harm when the truth became known; and (4) as a result, defendants public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 23, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-1956.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or cases@rosenlegal.com. NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTORS ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/. Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firms attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome.
Answer:
|
ROSEN, GLOBAL INVESTOR COUNSEL, Reminds Teva Pharmaceuticals Industries Limited Investors of the Important November 23 Deadline in Securities Class Action; Encourages Investors with Losses in Excess of $100K to Contact the Firm TEVA
|
NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, reminds the purchasers of the securities of Teva Pharmaceuticals Industries Limited (NYSE: TEVA) between October 29, 2015 and August 18, 2020, inclusive (the Class Period), of the important November 23, 2020 lead plaintiff deadline in securities class action. The lawsuit seeks to recover damages for Teva investors under the federal securities laws. To join the Teva class action, go to http://www.rosenlegal.com/cases-register-1956.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. The complaint alleges that throughout the Class Period, defendants made materially false and misleading statements regarding Tevas business, operational, and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (1) Teva had made substantial illegal kickback payments to charitable foundations to cover Medicare co-payment obligations of patients taking Copaxone; (2) accordingly, Teva's revenues derived from Copaxone were in part the product of unlawful conduct and thus unsustainable; (3) the foregoing misconduct subjected Teva to a foreseeable risk of heightened regulatory scrutiny and enforcement, as well as reputational harm when the truth became known; and (4) as a result, defendants public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 23, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-1956.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or cases@rosenlegal.com. NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTORS ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/. Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firms attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome.
|
edtsum3592
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: HAIFA, Israel, March 15, 2020 /PRNewswire/ --Elbit Systems Ltd.(NASDAQ: ESLT, TASE: ESLT) ("Elbit Systems" or "the Company") announced today further to the Company's announcement dated March 27, 2019,thatits U.S. subsidiary, Elbit Systems of America, LLC, was awarded a $200 million contract as part of the Israeli Ministry of Defense(IMOD) automatic self-propelled howitzer gun systems program. The contract will be performed over a 12-year period. About Elbit Systems Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land, and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links, communications systems, radios, cyber-based systemsand munitions.The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems. For additional information, visit: https://elbitsystems.com, follow us on Twitter, Facebook and LinkedIn, or visit our official Youtube Channel. Contacts: Company Contact: Joseph Gaspar, Executive VP & CFO Tel: +972-4-8316663 [emailprotected] Rami Myerson, Director, Investor Relations Tel: +972-77-2948984 [emailprotected] David Vaaknin, VP, Brand & Communications Tel: +972-77-2946691 [emailprotected] IR Contact: Ehud Helft Gavriel Frohwein GK Investor Relations Tel: 1-646-688-3559 [emailprotected] This press release may contain forwardlooking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amendedand the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management's current expectations, estimates, projections and assumptionsabout future events. Forwardlooking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks, uncertaintiesand assumptions about the Company, which are difficult to predict, including projections of the Company's future financial results, its anticipated growth strategies and anticipated trends in its business. Therefore, actual future results, performance and trends may differ materially from these forwardlooking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; changes in the competitive environment; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.'s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forwardlooking statements speak only as of the date of this release. Although the Company believes the expectations reflected in theforward-lookingstatements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of theseforward-lookingstatements. The Company does not undertake to update its forward-looking statements. Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this Press Release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies. All other brand, product, service and process names appearing are the trademarks of their respective holders. Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein. SOURCE Elbit Systems Ltd. Related Links https://elbitsystems.com
Answer:
|
Elbit Systems' U.S. Subsidiary Awarded $200 Million Contract to Provide Artillery Systems English English
|
HAIFA, Israel, March 15, 2020 /PRNewswire/ --Elbit Systems Ltd.(NASDAQ: ESLT, TASE: ESLT) ("Elbit Systems" or "the Company") announced today further to the Company's announcement dated March 27, 2019,thatits U.S. subsidiary, Elbit Systems of America, LLC, was awarded a $200 million contract as part of the Israeli Ministry of Defense(IMOD) automatic self-propelled howitzer gun systems program. The contract will be performed over a 12-year period. About Elbit Systems Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land, and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links, communications systems, radios, cyber-based systemsand munitions.The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems. For additional information, visit: https://elbitsystems.com, follow us on Twitter, Facebook and LinkedIn, or visit our official Youtube Channel. Contacts: Company Contact: Joseph Gaspar, Executive VP & CFO Tel: +972-4-8316663 [emailprotected] Rami Myerson, Director, Investor Relations Tel: +972-77-2948984 [emailprotected] David Vaaknin, VP, Brand & Communications Tel: +972-77-2946691 [emailprotected] IR Contact: Ehud Helft Gavriel Frohwein GK Investor Relations Tel: 1-646-688-3559 [emailprotected] This press release may contain forwardlooking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amendedand the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management's current expectations, estimates, projections and assumptionsabout future events. Forwardlooking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks, uncertaintiesand assumptions about the Company, which are difficult to predict, including projections of the Company's future financial results, its anticipated growth strategies and anticipated trends in its business. Therefore, actual future results, performance and trends may differ materially from these forwardlooking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; changes in the competitive environment; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.'s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forwardlooking statements speak only as of the date of this release. Although the Company believes the expectations reflected in theforward-lookingstatements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of theseforward-lookingstatements. The Company does not undertake to update its forward-looking statements. Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this Press Release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies. All other brand, product, service and process names appearing are the trademarks of their respective holders. Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein. SOURCE Elbit Systems Ltd. Related Links https://elbitsystems.com
|
edtsum3598
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: DUBLIN, Aug. 10, 2020 /PRNewswire/ -- The "Thermal Management Market with COVID-19 impact Analysis by Material, Device (Conduction, Convection, Advanced, and Hybrid), Service (Installation & Calibration and Optimization & Post-sales Support), End-Use Industry, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering. The global thermal management market is estimated to be USD 8.8 billion in 2020 and is projected to reach 12.8 billion by 2025, at a CAGR of 8.2% during the forecast period. The market is dominated by a few globally established players such as Honeywell International (US), Aavid Thermalloy (US), Vertiv (US), European Thermodynamics (UK), and Master Bond (US). Growing consumer electronics market and cooling technology enhancement in server and datacenter is set to drive the thermal management market. The market has a promising growth potential due to several factors, including the rising demand for effective thermal management solutions & systems in consumer electronics, increasing demand for electric and hybrid vehicles, increasing use of electronic devices in different end-use industries, and ongoing radical miniaturization of electronic devices.The COVID-19 outbreak generated both demand-side and supply-side shocks rumbling across the global economy. Leading US-based thermal management solution providers such as Vertiv and Aavid Thermalloy have incurred significant losses owing to the pandemic spread. The strong actions such as imposing country-wide lockdown taken by governments globally to curb the spread of COVID-19 is expected to have a severe impact on the entire manufacturing industry. This is dragging down the demand of customers for thermal management solutions, thereby affecting the revenue of the key players in the thermal management market.Convection cooling devices: The largest growing device type of thermal management market. Convection cooling devices are expected to account for the largest share of the thermal management market during the forecast period. Convection cooling devices are increasingly being used in electronic components, electronic circuits, and PCBs. These devices help lower the peak temperature of different systems wherein they are installed with natural and forced convection cooling technologies. Devices such as loop heat pipes, heat pumps, heat sinks, and heat spreaders are used for the effective cooling of processors and computers, among others. Optimization & post-sales support: The largest and fastest-growing segment of the thermal management market, by service. Optimization & post-sales support segment is estimated to be the fastest-growing segment of the thermal management market, by service. Optimization & post-sales support services are required periodically to verify the operating conditions, reduce downtime of systems, elevate their overall performance levels, and maximize their operational life and efficiency. These services are generally used as a critical quality control tool in servers & data centers as high temperatures can damage them and can result in loss of vital information.APAC is projected to become the largest and fastest geographical market between 2020 and 2025. APAC is expected to dominate the thermal management market between 2020 and 2025. The market growth in this region can be attributed to the factors such as the presence of several chip manufacturing companies in China and South Korea, the highly-developed automotive sector in Japan, increasing investments and business expansion opportunities available in China and India, and the increasing disposable income of the middle-class population in the region. Moreover, increasing demand for effective thermal management solutions and systems from emerging economies such as China and India are also fueling the growth of the thermal management market in APAC. Market DynamicsDrivers Rising Demand for Effective Thermal Management Solutions and Systems in Consumer Electronics Increasing Use of Electronic Devices in Different End-Use Industries Ongoing Radical Miniaturization of Electronic Devices Restraint Design Complexities of Components Used in Cooling Systems Opportunities Technological Advancements Such as the Development of Synthetic Cooling Systems and Interface Materials Advent of Cool Chips for Thermal Management in Electronic Devices Increased Demand for Natural Refrigerants Challenges High Development Costs of Customized Thermal Management Solutions and Systems Increase in Supply and Demand Gap Owing to COVID-19 Pandemic Companies Profiled Aavid Thermalloy (Boyd Corporation) Advanced Cooling Technologies, Inc. Amerasia International (AI) Technology API Heat Transfer Danfoss Dau Thermal Solutions Delta Electronics European Thermodynamics Gentherm Heatex Henkel Honeywell Jaro Thermal Kelvion Laird Lord Corporation Master Bond Parker (Chomerics Division) Thermotek Vertiv For more information about this report visit https://www.researchandmarkets.com/r/wtnir5 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com
Answer:
|
Global Thermal Management Markets, 2020-2025 with Honeywell International, Aavid Thermalloy, Vertiv, European Thermodynamics, and Master Bond Dominating the Competition
|
DUBLIN, Aug. 10, 2020 /PRNewswire/ -- The "Thermal Management Market with COVID-19 impact Analysis by Material, Device (Conduction, Convection, Advanced, and Hybrid), Service (Installation & Calibration and Optimization & Post-sales Support), End-Use Industry, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering. The global thermal management market is estimated to be USD 8.8 billion in 2020 and is projected to reach 12.8 billion by 2025, at a CAGR of 8.2% during the forecast period. The market is dominated by a few globally established players such as Honeywell International (US), Aavid Thermalloy (US), Vertiv (US), European Thermodynamics (UK), and Master Bond (US). Growing consumer electronics market and cooling technology enhancement in server and datacenter is set to drive the thermal management market. The market has a promising growth potential due to several factors, including the rising demand for effective thermal management solutions & systems in consumer electronics, increasing demand for electric and hybrid vehicles, increasing use of electronic devices in different end-use industries, and ongoing radical miniaturization of electronic devices.The COVID-19 outbreak generated both demand-side and supply-side shocks rumbling across the global economy. Leading US-based thermal management solution providers such as Vertiv and Aavid Thermalloy have incurred significant losses owing to the pandemic spread. The strong actions such as imposing country-wide lockdown taken by governments globally to curb the spread of COVID-19 is expected to have a severe impact on the entire manufacturing industry. This is dragging down the demand of customers for thermal management solutions, thereby affecting the revenue of the key players in the thermal management market.Convection cooling devices: The largest growing device type of thermal management market. Convection cooling devices are expected to account for the largest share of the thermal management market during the forecast period. Convection cooling devices are increasingly being used in electronic components, electronic circuits, and PCBs. These devices help lower the peak temperature of different systems wherein they are installed with natural and forced convection cooling technologies. Devices such as loop heat pipes, heat pumps, heat sinks, and heat spreaders are used for the effective cooling of processors and computers, among others. Optimization & post-sales support: The largest and fastest-growing segment of the thermal management market, by service. Optimization & post-sales support segment is estimated to be the fastest-growing segment of the thermal management market, by service. Optimization & post-sales support services are required periodically to verify the operating conditions, reduce downtime of systems, elevate their overall performance levels, and maximize their operational life and efficiency. These services are generally used as a critical quality control tool in servers & data centers as high temperatures can damage them and can result in loss of vital information.APAC is projected to become the largest and fastest geographical market between 2020 and 2025. APAC is expected to dominate the thermal management market between 2020 and 2025. The market growth in this region can be attributed to the factors such as the presence of several chip manufacturing companies in China and South Korea, the highly-developed automotive sector in Japan, increasing investments and business expansion opportunities available in China and India, and the increasing disposable income of the middle-class population in the region. Moreover, increasing demand for effective thermal management solutions and systems from emerging economies such as China and India are also fueling the growth of the thermal management market in APAC. Market DynamicsDrivers Rising Demand for Effective Thermal Management Solutions and Systems in Consumer Electronics Increasing Use of Electronic Devices in Different End-Use Industries Ongoing Radical Miniaturization of Electronic Devices Restraint Design Complexities of Components Used in Cooling Systems Opportunities Technological Advancements Such as the Development of Synthetic Cooling Systems and Interface Materials Advent of Cool Chips for Thermal Management in Electronic Devices Increased Demand for Natural Refrigerants Challenges High Development Costs of Customized Thermal Management Solutions and Systems Increase in Supply and Demand Gap Owing to COVID-19 Pandemic Companies Profiled Aavid Thermalloy (Boyd Corporation) Advanced Cooling Technologies, Inc. Amerasia International (AI) Technology API Heat Transfer Danfoss Dau Thermal Solutions Delta Electronics European Thermodynamics Gentherm Heatex Henkel Honeywell Jaro Thermal Kelvion Laird Lord Corporation Master Bond Parker (Chomerics Division) Thermotek Vertiv For more information about this report visit https://www.researchandmarkets.com/r/wtnir5 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com
|
edtsum3604
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: PALO ALTO, Calif., Dec. 8, 2020 /PRNewswire/ -- As of November 2020, Google has recognized Lumin PDFas a "secure application" under the new OAuth API verification program. Google's endorsement effectively means that anyone using Lumin with Google Drive can expect the highest quality security. This comes off the back of Lumin's GDPR compliance and a doubling of their user base in 2020 alone. Continue Reading Lumin PDF Loved by students, teachers, businesses and families alike, Lumin PDF helps users easily annotate PDF documents and images. From the comfort of a web browser, contracts can be signed, assignments shared and workflows synchronized. Lumin PDF users are now able to enjoy top-quality performance, along with high-end security. Max Ferguson, CEO of Lumin, said that the news was further evidence of Lumin's growing reputation as an online PDF provider of choice. "Endorsement from Google as an approved, secure partner gives users the confidence they need to know that what we're doing is secure. Given that we have doubled our usership in the last year, it's another great show of confidence from those who work with us." That recognition has come from the hard work that the Lumin PDF team has put into securing and encrypting everything, everywhere. Over the last 6 months, Lumin PDF has engaged Leviathan Security to conduct penetration testing on their website and mobile platforms.Ferguson went on to detail the improvements that Lumin PDF has implemented to its system since last year's unfortunate security breach. "All user information is encrypted at rest and in transit using enterprise-grade encryption. In addition, our team works tirelessly to ensure that Lumin continues to deliver enterprise-level security to our users."For a limited time, students are able to get Lumin at a 50% discount rate.MEDIA CONTACT:Lucy Mansfield, Marketing Communications Manager[emailprotected]Related Imagesnew-security-milestone-reached-for.jpg New Security Milestone Reached for Fast-Growing Online PDF Platform Related LinksUse Lumin for Free for 30 Days SOURCE Lumin PDF
Answer:
|
New Security Milestone Reached for Fast-Growing Online PDF Platform Lumin PDF, the online PDF tool that brings documents to life with smart editing, has added a significant new achievement to what has already been a stellar 2020.
|
PALO ALTO, Calif., Dec. 8, 2020 /PRNewswire/ -- As of November 2020, Google has recognized Lumin PDFas a "secure application" under the new OAuth API verification program. Google's endorsement effectively means that anyone using Lumin with Google Drive can expect the highest quality security. This comes off the back of Lumin's GDPR compliance and a doubling of their user base in 2020 alone. Continue Reading Lumin PDF Loved by students, teachers, businesses and families alike, Lumin PDF helps users easily annotate PDF documents and images. From the comfort of a web browser, contracts can be signed, assignments shared and workflows synchronized. Lumin PDF users are now able to enjoy top-quality performance, along with high-end security. Max Ferguson, CEO of Lumin, said that the news was further evidence of Lumin's growing reputation as an online PDF provider of choice. "Endorsement from Google as an approved, secure partner gives users the confidence they need to know that what we're doing is secure. Given that we have doubled our usership in the last year, it's another great show of confidence from those who work with us." That recognition has come from the hard work that the Lumin PDF team has put into securing and encrypting everything, everywhere. Over the last 6 months, Lumin PDF has engaged Leviathan Security to conduct penetration testing on their website and mobile platforms.Ferguson went on to detail the improvements that Lumin PDF has implemented to its system since last year's unfortunate security breach. "All user information is encrypted at rest and in transit using enterprise-grade encryption. In addition, our team works tirelessly to ensure that Lumin continues to deliver enterprise-level security to our users."For a limited time, students are able to get Lumin at a 50% discount rate.MEDIA CONTACT:Lucy Mansfield, Marketing Communications Manager[emailprotected]Related Imagesnew-security-milestone-reached-for.jpg New Security Milestone Reached for Fast-Growing Online PDF Platform Related LinksUse Lumin for Free for 30 Days SOURCE Lumin PDF
|
edtsum3607
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: ROCHESTER, N.Y., Feb. 16, 2021 /PRNewswire/ --It is a purposeful series of dynamic approaches to collaboration that has resulted in such great success for Rochester-based ID Signsystems (IDS). Prior to sign fabrication IDS takes great care to work closely with architects, branding specialists, environmental graphic designers and end users to ensure their sign design intent is being met. Coupled with a clearly articulated Design Facilitation Process, this collaborative coordination is key to IDS' success. Continue Reading The Mercantile on Main in Rochester, NY is sporting a new collection of exterior and interior signage following ID Signsystems' collaboration with branding specialists Partners + Napier. From rendering to installation, ID Signsystems' design facilitation process brought to life a 1930s Art Deco style success recently for The Mercantile on Main in Rochester, NY. ID Signsystems collaborated with branding specialists Partners + Napier to support their vision for a new collection of signs for the famed restaurant hub. "We take great pride in the partnership we cultivate with all parties involved. From start to finish, we provide expertise that ensures our client's vision comes to fruition," said IDS President Paul Dudley. IDS recently collaborated with branding specialists Partners + Napier to support their vision for the famed Mercantile on Main Buildingin downtown Rochester. The result was an elegant collection of exterior and interior signage incorporating copper plating and illumination to reflect an Art Deco style from the 1930s. The IDS Design Facilitation Process: Plan The Strategy Report. Research into best practices, precedents and technology changes guide this phase, resulting in a strategy report specific to the project and client. Design The Visioning Stage. The IDS team uses advanced 2- and 3-dimensional visualization softwareto provide additional conceptual and visual support for each client. Engineer Prototyping Methodology. With a focus on Value Engineering, IDS utilizes full prototyping prior to fabrication. Manufacture Guidelines and Control. Extensive experience informs written IDS guidelines that translate to greater efficiency and cost savings for our customers. Install. In addition to managing the installation process, IDS employs cloud-based software to share installation information in real time. Maintain.IDS develops a sign management & maintenance planto manage all ongoing changes and performance responsibilities. Contact us at: (855) 850-7764 or [emailprotected] to discuss project needs and explore how IDS can put our design facilitation process to work for you!About ID Signsystems:ID Signsystemshas been designing and building innovative sign solutions nationally and internationally since 2005. Headquartered in Rochester, NY, IDS offers client-focused solutions in architectural signage, design and lighting. United by a multi-layeredunderstanding of materialsand industry best practice,the IDS team are powerful partnersfor businesses and organizations developing both their brand and environment.Contact: Paul Dudley(585) 266-5750 x 208 (office)(585) 245-2189 (cell)[emailprotected]SOURCE ID Signsystems
Answer:
|
Rochester's Mercantile on Main Demonstrates The Power of Purposeful Collaboration Attention to intention prior to sign design is key to success for ID Signsystems
|
ROCHESTER, N.Y., Feb. 16, 2021 /PRNewswire/ --It is a purposeful series of dynamic approaches to collaboration that has resulted in such great success for Rochester-based ID Signsystems (IDS). Prior to sign fabrication IDS takes great care to work closely with architects, branding specialists, environmental graphic designers and end users to ensure their sign design intent is being met. Coupled with a clearly articulated Design Facilitation Process, this collaborative coordination is key to IDS' success. Continue Reading The Mercantile on Main in Rochester, NY is sporting a new collection of exterior and interior signage following ID Signsystems' collaboration with branding specialists Partners + Napier. From rendering to installation, ID Signsystems' design facilitation process brought to life a 1930s Art Deco style success recently for The Mercantile on Main in Rochester, NY. ID Signsystems collaborated with branding specialists Partners + Napier to support their vision for a new collection of signs for the famed restaurant hub. "We take great pride in the partnership we cultivate with all parties involved. From start to finish, we provide expertise that ensures our client's vision comes to fruition," said IDS President Paul Dudley. IDS recently collaborated with branding specialists Partners + Napier to support their vision for the famed Mercantile on Main Buildingin downtown Rochester. The result was an elegant collection of exterior and interior signage incorporating copper plating and illumination to reflect an Art Deco style from the 1930s. The IDS Design Facilitation Process: Plan The Strategy Report. Research into best practices, precedents and technology changes guide this phase, resulting in a strategy report specific to the project and client. Design The Visioning Stage. The IDS team uses advanced 2- and 3-dimensional visualization softwareto provide additional conceptual and visual support for each client. Engineer Prototyping Methodology. With a focus on Value Engineering, IDS utilizes full prototyping prior to fabrication. Manufacture Guidelines and Control. Extensive experience informs written IDS guidelines that translate to greater efficiency and cost savings for our customers. Install. In addition to managing the installation process, IDS employs cloud-based software to share installation information in real time. Maintain.IDS develops a sign management & maintenance planto manage all ongoing changes and performance responsibilities. Contact us at: (855) 850-7764 or [emailprotected] to discuss project needs and explore how IDS can put our design facilitation process to work for you!About ID Signsystems:ID Signsystemshas been designing and building innovative sign solutions nationally and internationally since 2005. Headquartered in Rochester, NY, IDS offers client-focused solutions in architectural signage, design and lighting. United by a multi-layeredunderstanding of materialsand industry best practice,the IDS team are powerful partnersfor businesses and organizations developing both their brand and environment.Contact: Paul Dudley(585) 266-5750 x 208 (office)(585) 245-2189 (cell)[emailprotected]SOURCE ID Signsystems
|
edtsum3617
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: MAYNARD, Mass., Feb. 1, 2021 /PRNewswire/ --Kaon Interactive, the leading provider of interactive marketing and sales applications for global B2B brands, today announced that Dana Drissel has been appointed Chief Marketing Officer, effective immediately. As CMO, she will have global responsibility for overseeing all of the company's strategic marketing initiatives, including product marketing, account-based marketing programs, customer success, brand awareness, public relations, and lead generation. Dana has been with the company for more than fifteen years, during which time she has built Kaon's brand and messaging strategy, and has worked closely with the sales team to contribute in a substantial and direct manner to the growth of the business. During her tenure, she has grown the marketing team, exponentially expanding its reach and effectiveness. As CMO, she will lead the company's strategic marketing efforts as Kaon continues to mature in both size and industry impact. "Over the years, Dana has made tremendous contributions to Kaon Interactive and to our clients' success," said Gavin Finn, President & CEO. "She has helped establish Kaon as the leading digital customer engagement platform for global enterprise sales and marketing teams everywhere. We all benefit from the breadth of her marketing expertise, her digital-first perspective, and the pace of change when she leads any initiative. The entire Kaon team is thrilled to have her lead the company's marketing strategy and execution for our accelerated growth." Prior to joining Kaon, Dana held prominent positions at marketing agencies and global enterprise corporations, including: Exact Software, Centerstone Software (a Trimble Company) and Harpell. She serves as a guest lecturer in marketing at Boston College and holds a Master of Science degree in Consumer Economics from the University of Vermont. About Kaon InteractiveKaon Interactive is a B2B software company. Kaon's interactive sales and marketing applications simplify complex product and solution stories in a visually engaging way - anywhere, anytime. The company's interactive 3D sales and marketing applications transform passive product and solution marketing content into interactive visual storytelling experiences to deepen customer engagement, reduce marketing expenses and accelerate the sales cycle. In both virtual and in-person venues, more than 5,000 Kaon interactive applications are being used worldwide by leading global B2B companies in such industries as life sciences, advanced manufacturing and information technology. For more information about Kaon, visit www.kaon.com. Contact:Kim MacKenzie[emailprotected] (781) 749-0077 SOURCE Kaon Interactive Related Links http://www.kaon.com
Answer:
|
Kaon Interactive Names Dana Drissel Chief Marketing Officer Seasoned Executive to Spearhead Global Marketing and Communication Efforts for Kaon Interactive
|
MAYNARD, Mass., Feb. 1, 2021 /PRNewswire/ --Kaon Interactive, the leading provider of interactive marketing and sales applications for global B2B brands, today announced that Dana Drissel has been appointed Chief Marketing Officer, effective immediately. As CMO, she will have global responsibility for overseeing all of the company's strategic marketing initiatives, including product marketing, account-based marketing programs, customer success, brand awareness, public relations, and lead generation. Dana has been with the company for more than fifteen years, during which time she has built Kaon's brand and messaging strategy, and has worked closely with the sales team to contribute in a substantial and direct manner to the growth of the business. During her tenure, she has grown the marketing team, exponentially expanding its reach and effectiveness. As CMO, she will lead the company's strategic marketing efforts as Kaon continues to mature in both size and industry impact. "Over the years, Dana has made tremendous contributions to Kaon Interactive and to our clients' success," said Gavin Finn, President & CEO. "She has helped establish Kaon as the leading digital customer engagement platform for global enterprise sales and marketing teams everywhere. We all benefit from the breadth of her marketing expertise, her digital-first perspective, and the pace of change when she leads any initiative. The entire Kaon team is thrilled to have her lead the company's marketing strategy and execution for our accelerated growth." Prior to joining Kaon, Dana held prominent positions at marketing agencies and global enterprise corporations, including: Exact Software, Centerstone Software (a Trimble Company) and Harpell. She serves as a guest lecturer in marketing at Boston College and holds a Master of Science degree in Consumer Economics from the University of Vermont. About Kaon InteractiveKaon Interactive is a B2B software company. Kaon's interactive sales and marketing applications simplify complex product and solution stories in a visually engaging way - anywhere, anytime. The company's interactive 3D sales and marketing applications transform passive product and solution marketing content into interactive visual storytelling experiences to deepen customer engagement, reduce marketing expenses and accelerate the sales cycle. In both virtual and in-person venues, more than 5,000 Kaon interactive applications are being used worldwide by leading global B2B companies in such industries as life sciences, advanced manufacturing and information technology. For more information about Kaon, visit www.kaon.com. Contact:Kim MacKenzie[emailprotected] (781) 749-0077 SOURCE Kaon Interactive Related Links http://www.kaon.com
|
edtsum3628
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SAN FRANCISCO, Feb. 11, 2021 /PRNewswire/ -- Genstar Capital, a leading private equity firm focused on investments in targeted segments of the financial services, healthcare, industrials, and software industries, today announced that David Graham has been promoted to Managing Director, Capital Markets. In this role, he will continue to lead Genstar Capital's debt financing activities for both new and existing investments and manage the firm's financing relationships. Ryan Clark, President and Managing Director at Genstar said, "Dave has extensive experience across a spectrum of debt products and has been instrumental in optimizing the debt financing for all of our investments since joining Genstar. Importantly, he has built strong relationships with our lenders and has contributed to the firm's growth and success as we continue to deploy capital and build industry leading companies. His expertise greatly enhances the strength of our investment team and we are pleased to recognize his efforts with this promotion." Mr. Graham joined Genstar in 2017 as Principal, focusing on debt financing activities, and was named a Director in 2019. Prior to joining Genstar, he was Vice President, Capital Markets at Sterling Partners, worked in the Debt Advisory Group at Lincoln International and before that worked in the Corporate Banking Group at The Northern Trust Company. Mr. Graham began his career as a derivatives trader at DRW Trading Group. He received his MBA from the University of Chicago Booth School of Business and his BS degree from Indiana University. About Genstar Capital Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for over 30 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $19 billion of assets under management and targets investments focused on targeted segments of the financial services, healthcare, industrials, and software industries. Contact: Chris Tofalli Chris Tofalli Public Relations 914-834-4334 SOURCE Genstar Capital Related Links http://www.gencap.com
Answer:
|
Genstar Capital Promotes David Graham to Managing Director, Capital Markets
|
SAN FRANCISCO, Feb. 11, 2021 /PRNewswire/ -- Genstar Capital, a leading private equity firm focused on investments in targeted segments of the financial services, healthcare, industrials, and software industries, today announced that David Graham has been promoted to Managing Director, Capital Markets. In this role, he will continue to lead Genstar Capital's debt financing activities for both new and existing investments and manage the firm's financing relationships. Ryan Clark, President and Managing Director at Genstar said, "Dave has extensive experience across a spectrum of debt products and has been instrumental in optimizing the debt financing for all of our investments since joining Genstar. Importantly, he has built strong relationships with our lenders and has contributed to the firm's growth and success as we continue to deploy capital and build industry leading companies. His expertise greatly enhances the strength of our investment team and we are pleased to recognize his efforts with this promotion." Mr. Graham joined Genstar in 2017 as Principal, focusing on debt financing activities, and was named a Director in 2019. Prior to joining Genstar, he was Vice President, Capital Markets at Sterling Partners, worked in the Debt Advisory Group at Lincoln International and before that worked in the Corporate Banking Group at The Northern Trust Company. Mr. Graham began his career as a derivatives trader at DRW Trading Group. He received his MBA from the University of Chicago Booth School of Business and his BS degree from Indiana University. About Genstar Capital Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for over 30 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $19 billion of assets under management and targets investments focused on targeted segments of the financial services, healthcare, industrials, and software industries. Contact: Chris Tofalli Chris Tofalli Public Relations 914-834-4334 SOURCE Genstar Capital Related Links http://www.gencap.com
|
edtsum3631
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: GLENDALE, Calif.--(BUSINESS WIRE)--IHOP today introduced its latest menu innovation, Burritos & Bowls, designed with creative flavor combinations and easy portability in mind. Starting today, guests can select from a lineup of six different builds featuring craveable flavors and fresh ingredients in breakfast, lunch and dinner varieties all of which can either be wrapped in a warm flour tortilla or served in a bowl. The six new Burritos & Bowls flavors range from signature ingredients, like IHOPs hickory-smoked bacon and include hash browns to hotter fare like poblano queso sauce and grilled serrano. The menu was designed with all guests in mind, from those looking to satisfy a breakfast craving with The Classic, to those looking to spice up a lunch or dinner routine with the Spicy Poblano Fajita. Additionally, the new Burritos & Bowls put the convenience of the guest first, making it easier than ever to enjoy at home, on-the-go, or underneath IHOPs iconic blue roof, all at a great value that guests have come to expect from IHOP. Burritos are the #1 fastest growing breakfast menu items in America+ so, as the breakfast leader, IHOP needed to create some great ones, said Brad Haley, Chief Marketing Officer at IHOP. Weve done just that with everything from The Classic breakfast burrito and bowl to, my favorite, the Spicy Poblano Fajita. At the same time, we know our guests are looking for menu items that are portable for take-out and delivery, which made our new line of Burritos & Bowls a natural fit. While were eager to welcome our guests to join us back under our blue roofs, were happy to provide our delicious new Burritos & Bowls, anywhere, for breakfast, lunch or dinner. Starting at $5.99, the new lineup includes: IHOP has added enhanced health and safety protocols in accordance with CDC, FDA, and state and local guidelines. To learn more about IHOPs COVID-19 response, visit ihop.com/covid-19-response. Additionally, not all restaurants are open for dine-in service due to local restrictions. To confirm if your IHOP restaurant is open for dine-in service, call your local restaurant. +Datassentials MenuTrends; measured pre-COVID-19; fastest growing breakfast menu penetration category based on categories frequently included on menus *Price and participation may vary, including in Hawaii and Alaska. **Made with a splash of buttermilk & wheat pancake batter ABOUT INTERNATIONAL HOUSE OF PANCAKES, LLC For over 62 years, IHOP has been a leader, innovator and expert in all things breakfast, any time of day. The chain offers 65 different signature, fresh, made-to-order breakfast options, a wide selection of popular lunch and dinner items, including Ultimate Steakburgers. IHOP restaurants offer guests an affordable, everyday dining experience with warm and friendly service. As of July 29, 2020, there are 1,841 IHOP restaurants around the world, including restaurants in all 50 states and the District of Columbia, Puerto Rico and Guam as well as Canada, Mexico, Guatemala, Panama, Lebanon, the Kingdom of Saudi Arabia, Kuwait, the United Arab Emirates, Bahrain, Qatar, Thailand and India. IHOP restaurants are franchised by affiliates of Glendale, Calif.-based Dine Brands Global, Inc. (NYSE: DIN).
Answer:
|
IHOP Introduces New Signature Burritos & Bowls Starting at $5.99*, IHOPs New Lineup of Burritos & Bowls Are Available All Day, Both In-Restaurant and To-Go
|
GLENDALE, Calif.--(BUSINESS WIRE)--IHOP today introduced its latest menu innovation, Burritos & Bowls, designed with creative flavor combinations and easy portability in mind. Starting today, guests can select from a lineup of six different builds featuring craveable flavors and fresh ingredients in breakfast, lunch and dinner varieties all of which can either be wrapped in a warm flour tortilla or served in a bowl. The six new Burritos & Bowls flavors range from signature ingredients, like IHOPs hickory-smoked bacon and include hash browns to hotter fare like poblano queso sauce and grilled serrano. The menu was designed with all guests in mind, from those looking to satisfy a breakfast craving with The Classic, to those looking to spice up a lunch or dinner routine with the Spicy Poblano Fajita. Additionally, the new Burritos & Bowls put the convenience of the guest first, making it easier than ever to enjoy at home, on-the-go, or underneath IHOPs iconic blue roof, all at a great value that guests have come to expect from IHOP. Burritos are the #1 fastest growing breakfast menu items in America+ so, as the breakfast leader, IHOP needed to create some great ones, said Brad Haley, Chief Marketing Officer at IHOP. Weve done just that with everything from The Classic breakfast burrito and bowl to, my favorite, the Spicy Poblano Fajita. At the same time, we know our guests are looking for menu items that are portable for take-out and delivery, which made our new line of Burritos & Bowls a natural fit. While were eager to welcome our guests to join us back under our blue roofs, were happy to provide our delicious new Burritos & Bowls, anywhere, for breakfast, lunch or dinner. Starting at $5.99, the new lineup includes: IHOP has added enhanced health and safety protocols in accordance with CDC, FDA, and state and local guidelines. To learn more about IHOPs COVID-19 response, visit ihop.com/covid-19-response. Additionally, not all restaurants are open for dine-in service due to local restrictions. To confirm if your IHOP restaurant is open for dine-in service, call your local restaurant. +Datassentials MenuTrends; measured pre-COVID-19; fastest growing breakfast menu penetration category based on categories frequently included on menus *Price and participation may vary, including in Hawaii and Alaska. **Made with a splash of buttermilk & wheat pancake batter ABOUT INTERNATIONAL HOUSE OF PANCAKES, LLC For over 62 years, IHOP has been a leader, innovator and expert in all things breakfast, any time of day. The chain offers 65 different signature, fresh, made-to-order breakfast options, a wide selection of popular lunch and dinner items, including Ultimate Steakburgers. IHOP restaurants offer guests an affordable, everyday dining experience with warm and friendly service. As of July 29, 2020, there are 1,841 IHOP restaurants around the world, including restaurants in all 50 states and the District of Columbia, Puerto Rico and Guam as well as Canada, Mexico, Guatemala, Panama, Lebanon, the Kingdom of Saudi Arabia, Kuwait, the United Arab Emirates, Bahrain, Qatar, Thailand and India. IHOP restaurants are franchised by affiliates of Glendale, Calif.-based Dine Brands Global, Inc. (NYSE: DIN).
|
edtsum3635
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: BOSTON--(BUSINESS WIRE)--Find the best OnePlus deals for Cyber Monday 2020, featuring the best OnePlus 8T, 7T & 7Pro sales. Links to the best deals are listed below. Best OnePlus Deals: Interested in more deals? We recommend checking Walmarts Cyber Monday sale and Amazons Cyber Monday sale to compare more active deals. The Consumer Post earns commissions from purchases made using the links provided. About The Consumer Post: The Consumer Post shares news for online shoppers. As an Amazon Associate and affiliate The Consumer Post earns from qualifying purchases.
Answer:
|
Cyber Monday OnePlus Deals (2020): Top OnePlus 8, 8 Pro, 7 & 7 Pro Deals Tracked by The Consumer Post Cyber Monday sales experts are tracking all the top OnePlus deals for Cyber Monday, featuring deals on OnePlus 8 & 7 smartphones
|
BOSTON--(BUSINESS WIRE)--Find the best OnePlus deals for Cyber Monday 2020, featuring the best OnePlus 8T, 7T & 7Pro sales. Links to the best deals are listed below. Best OnePlus Deals: Interested in more deals? We recommend checking Walmarts Cyber Monday sale and Amazons Cyber Monday sale to compare more active deals. The Consumer Post earns commissions from purchases made using the links provided. About The Consumer Post: The Consumer Post shares news for online shoppers. As an Amazon Associate and affiliate The Consumer Post earns from qualifying purchases.
|
edtsum3639
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: PITTSBURGH, April 23, 2020 /PRNewswire/ -- "I work as a barber and was thinking about my clients' comfort," said an inventor from Miami, Florida. This inspired me to develop an enhanced chair which could massage clients while also storing their belongings." He developed the patent pending BARBER ALERT MASSAGE CHAIR to provide greater comfort for clients while receiving a haircut. This improved chair may relieve sore muscles, tension and stress. Additionally, it may contribute to greater customer satisfaction and increased revenues. The original design was submitted to the Hollywood sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 18-HLW-2219, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com. SOURCE InventHelp Related Links http://www.inventhelp.com
Answer:
|
InventHelp Inventor Develops Comfort Barber Chair (HLW-2219)
|
PITTSBURGH, April 23, 2020 /PRNewswire/ -- "I work as a barber and was thinking about my clients' comfort," said an inventor from Miami, Florida. This inspired me to develop an enhanced chair which could massage clients while also storing their belongings." He developed the patent pending BARBER ALERT MASSAGE CHAIR to provide greater comfort for clients while receiving a haircut. This improved chair may relieve sore muscles, tension and stress. Additionally, it may contribute to greater customer satisfaction and increased revenues. The original design was submitted to the Hollywood sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 18-HLW-2219, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com. SOURCE InventHelp Related Links http://www.inventhelp.com
|
edtsum3640
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: REDWOOD CITY, Calif. and OSAKA, Japan, Nov. 25, 2020 /PRNewswire/ --Equinix, Inc.(Nasdaq: EQIX), the world's digital infrastructure company, today announced an initial investment of US$55 million to build its third International Business Exchange (IBX) data center in Osaka, Japan. To be named OS3, the new facility will further expand Equinix's footprint and enable local and global businesses to harness Platform Equinix to bring together and interconnect the foundational infrastructures that power their success. Continue Reading Equinix OS3 International Business Exchange (IBX) in Osaka Osaka is home to the second-highest concentration of businesses in the country and has become a hub for startup companies and innovation. It is gearing up to become Japan's next international financial center and drive the growth of the digital economy. With numerous businesses related to energy, healthcare and medical services, and manufacturing, Osaka has evolved to become a prime location for data centers in Japan, the second largest following Tokyo. OS3 will offer close proximity to major internet and peering exchanges and a vibrant ecosystem of network, cloud and digital content providers. It will also offer direct, low-latency connections to the large Kansai region, which consists of major cities including Osaka, Kyoto and Kobe. This will allow digital leaders to leverage OS3 to scale and utilize digital infrastructure for optimal performance. OS3 is scheduled to open in Q4 2021. Highlights / Key Facts: The first phase of OS3 is expected to provide an initial capacity of 900 cabinetsand more than 33,000 square feet (approximately 3,070 square meters) of colocation space. At full buildout, the facility will provide 2,500cabinets with a total colocation space of approximately 89,340 square feet (more than 8,300 square meters). Directly connected to the Equinix data center campus in Osaka, OS3 will provide a wide range of interconnection solutions, including Equinix FabricTM formerlyEquinixCloud ExchangeFabric. Through this on-demand, SDN-enabled interconnection service, businesses can connect between their own distributed infrastructure and any other company's distributed infrastructure, including some of the world's largest network service and cloud providers on Platform Equinix. Customers in Osaka can establish direct and secure access to cloud providers such as Amazon Web Services, Microsoft Azure, Oracle Cloud Infrastructure, Google Cloud, etc., to address their rising needs of hybrid multicloud infrastructure. Currently offering approximately 64,500 square feet (6,000 square meters) of colocation space in Osaka, the Equinix Osaka campus consists of two IBX data centers and serves as a business hub for more than 130 companies. Customers can choose from a broad range of network services offered by over 25 network service providers. With Platform Equinix, companies in the Kansai area can bring together all the right places, partners and possibilities to create the foundational infrastructure they need to succeed. Demand for digital infrastructure continues to grow on a local and regional scale. According to the Global Interconnection Index Volume 4 (GXI Vol.4), a market study published by Equinix, Cloud & IT Services are expected to lead the growth in the Asia-Pacific region, reaching an anticipated 1,374 Tbps by 2023. This puts this sector's growth in Asia-Pacific at 29%, higher than the next largest region, North America. Earlier this year, Equinix announced its intention to form a joint venture with GIC to develop and operate hyperscale data centers in Japan. The three initial facilities in the joint ventureone inOsakaand two inTokyowill serve the unique core workload deployment needs of a targeted group of hyperscale companies, including the world's largest cloud service providers. Today, the global footprint of Platform Equinix spans more than 220 IBX data centers across 63 metros, providing digital infrastructure for more than 10,000 of the world's leading businesses. In Asia-Pacific, Equinix currently has 46 IBX data centers in key metros across Australia, China, Hong Kong, Japan, Korea and Singapore. Equinix has a national footprint of 13 IBX data centers across Tokyo and Osaka in Japan. Quotes: Mimei Ito, Research Manager, IT Services, IDC Japan"With the rising adoption of digital transformation, together with the acceleration of advanced technology such as AI and IoT, we are expecting a strong growth of demand for digital infrastructure in Japan, despite the short-term economy slowdown amid COVID-19. As the service level of digital infrastructure directly impacts the quality of user experiences, the expansion of the Equinix data center in Osaka reflects a rapid increase in the deployment of digital workloads among enterprises and their customers in Japan's second-largest metropolitan area. This is expected to accelerate further through enhanced interconnectivity of cloud ecosystems." Jeremy Deutsch, President, Equinix Asia-Pacific"Digitalization is no longer just an option, but a prerequisite for businesses to succeed. Equinix has always been committed to delivering a single platform which creates the foundational infrastructure to support customers' evolving needs for digital infrastructure. Our expansion in Osaka marks another key milestone in our ongoing plans to deliver Platform Equinix to more businesses in the fast-growing Asia-Pacific region. With our world-class infrastructure and solutions, we will continue to be the trusted partner of digital leaders by enabling them to seize the opportunity with agility, speed and confidence." Kuniko Ogawa, Managing Director, Equinix Japan"Asa large metropolitan area with many global and locally based enterprises, Osaka has emerged as a significant market. In the past years, we have seen rising demand for secure, high-performance, and low-latency connectivity in the Kansai area. With our planned OS3 IBX data center, backed by our global footprint and vast array of services offered on Platform Equinix, we are set to expand our ability to bring together and interconnect the infrastructure that businesses need to fast-track their digital advantage." Additional Resources The Emergence of Osaka as a Digital Hub[Blog] OS3 Data Sheet[website] Equinix Osaka Data Centers[website] Platform Equinix[website] About Equinix Equinix(Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage. With Equinix, they can scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value.Forward-Looking Statements This press release contains forward-looking statements that involve risks and uncertainties, including statements about interconnection bandwidth growth, the rate of adoption of digital transformation, and the benefits of the network effect. Actual results may differ materially from expectations discussed in such forward-looking statements and the predictions made from the Global Interconnection Index. Factors that might cause such differences include risks described from time to time in Equinix filings with the Securities and Exchange Commission. In particular, see recent Equinix quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.SOURCE Equinix, Inc. Related Links http://www.equinix.com
Answer:
|
Equinix Invests $55 Million to Build Its Third Data Center in Osaka Accelerating digital transformation with continued expansion of global footprint
|
REDWOOD CITY, Calif. and OSAKA, Japan, Nov. 25, 2020 /PRNewswire/ --Equinix, Inc.(Nasdaq: EQIX), the world's digital infrastructure company, today announced an initial investment of US$55 million to build its third International Business Exchange (IBX) data center in Osaka, Japan. To be named OS3, the new facility will further expand Equinix's footprint and enable local and global businesses to harness Platform Equinix to bring together and interconnect the foundational infrastructures that power their success. Continue Reading Equinix OS3 International Business Exchange (IBX) in Osaka Osaka is home to the second-highest concentration of businesses in the country and has become a hub for startup companies and innovation. It is gearing up to become Japan's next international financial center and drive the growth of the digital economy. With numerous businesses related to energy, healthcare and medical services, and manufacturing, Osaka has evolved to become a prime location for data centers in Japan, the second largest following Tokyo. OS3 will offer close proximity to major internet and peering exchanges and a vibrant ecosystem of network, cloud and digital content providers. It will also offer direct, low-latency connections to the large Kansai region, which consists of major cities including Osaka, Kyoto and Kobe. This will allow digital leaders to leverage OS3 to scale and utilize digital infrastructure for optimal performance. OS3 is scheduled to open in Q4 2021. Highlights / Key Facts: The first phase of OS3 is expected to provide an initial capacity of 900 cabinetsand more than 33,000 square feet (approximately 3,070 square meters) of colocation space. At full buildout, the facility will provide 2,500cabinets with a total colocation space of approximately 89,340 square feet (more than 8,300 square meters). Directly connected to the Equinix data center campus in Osaka, OS3 will provide a wide range of interconnection solutions, including Equinix FabricTM formerlyEquinixCloud ExchangeFabric. Through this on-demand, SDN-enabled interconnection service, businesses can connect between their own distributed infrastructure and any other company's distributed infrastructure, including some of the world's largest network service and cloud providers on Platform Equinix. Customers in Osaka can establish direct and secure access to cloud providers such as Amazon Web Services, Microsoft Azure, Oracle Cloud Infrastructure, Google Cloud, etc., to address their rising needs of hybrid multicloud infrastructure. Currently offering approximately 64,500 square feet (6,000 square meters) of colocation space in Osaka, the Equinix Osaka campus consists of two IBX data centers and serves as a business hub for more than 130 companies. Customers can choose from a broad range of network services offered by over 25 network service providers. With Platform Equinix, companies in the Kansai area can bring together all the right places, partners and possibilities to create the foundational infrastructure they need to succeed. Demand for digital infrastructure continues to grow on a local and regional scale. According to the Global Interconnection Index Volume 4 (GXI Vol.4), a market study published by Equinix, Cloud & IT Services are expected to lead the growth in the Asia-Pacific region, reaching an anticipated 1,374 Tbps by 2023. This puts this sector's growth in Asia-Pacific at 29%, higher than the next largest region, North America. Earlier this year, Equinix announced its intention to form a joint venture with GIC to develop and operate hyperscale data centers in Japan. The three initial facilities in the joint ventureone inOsakaand two inTokyowill serve the unique core workload deployment needs of a targeted group of hyperscale companies, including the world's largest cloud service providers. Today, the global footprint of Platform Equinix spans more than 220 IBX data centers across 63 metros, providing digital infrastructure for more than 10,000 of the world's leading businesses. In Asia-Pacific, Equinix currently has 46 IBX data centers in key metros across Australia, China, Hong Kong, Japan, Korea and Singapore. Equinix has a national footprint of 13 IBX data centers across Tokyo and Osaka in Japan. Quotes: Mimei Ito, Research Manager, IT Services, IDC Japan"With the rising adoption of digital transformation, together with the acceleration of advanced technology such as AI and IoT, we are expecting a strong growth of demand for digital infrastructure in Japan, despite the short-term economy slowdown amid COVID-19. As the service level of digital infrastructure directly impacts the quality of user experiences, the expansion of the Equinix data center in Osaka reflects a rapid increase in the deployment of digital workloads among enterprises and their customers in Japan's second-largest metropolitan area. This is expected to accelerate further through enhanced interconnectivity of cloud ecosystems." Jeremy Deutsch, President, Equinix Asia-Pacific"Digitalization is no longer just an option, but a prerequisite for businesses to succeed. Equinix has always been committed to delivering a single platform which creates the foundational infrastructure to support customers' evolving needs for digital infrastructure. Our expansion in Osaka marks another key milestone in our ongoing plans to deliver Platform Equinix to more businesses in the fast-growing Asia-Pacific region. With our world-class infrastructure and solutions, we will continue to be the trusted partner of digital leaders by enabling them to seize the opportunity with agility, speed and confidence." Kuniko Ogawa, Managing Director, Equinix Japan"Asa large metropolitan area with many global and locally based enterprises, Osaka has emerged as a significant market. In the past years, we have seen rising demand for secure, high-performance, and low-latency connectivity in the Kansai area. With our planned OS3 IBX data center, backed by our global footprint and vast array of services offered on Platform Equinix, we are set to expand our ability to bring together and interconnect the infrastructure that businesses need to fast-track their digital advantage." Additional Resources The Emergence of Osaka as a Digital Hub[Blog] OS3 Data Sheet[website] Equinix Osaka Data Centers[website] Platform Equinix[website] About Equinix Equinix(Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage. With Equinix, they can scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value.Forward-Looking Statements This press release contains forward-looking statements that involve risks and uncertainties, including statements about interconnection bandwidth growth, the rate of adoption of digital transformation, and the benefits of the network effect. Actual results may differ materially from expectations discussed in such forward-looking statements and the predictions made from the Global Interconnection Index. Factors that might cause such differences include risks described from time to time in Equinix filings with the Securities and Exchange Commission. In particular, see recent Equinix quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.SOURCE Equinix, Inc. Related Links http://www.equinix.com
|
edtsum3641
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: LEAWOOD, KS--(BUSINESS WIRE)--TortoiseEcofin today announced the estimated character of distributions for its open end mutual funds to be paid in the calendar year 2020. The table below lists estimates based on preliminary information as of October 31, 2020 and are subject to change. This data is for information purposes only and should not be construed as an official tax form, nor should it be considered tax or investment advice. Investors should consult a tax professional for guidance regarding their specific tax situation. The final determination of tax character of the distributions paid in 2020 will be reported to shareholders in January 2021 on Form 1099-DIV. Estimated ordinary income Fund name Ticker Estimated short-term capital gains Qualified dividend Non-qualified dividend Estimated long-term capital gains Return of capital Tortoise MLP & Pipeline Fund TORIX/TORTX/TORCX 0% 33% 0% 0% 67% Tortoise MLP & Energy Income Fund INFRX/INFFX/INFIX 0% 10% 12% 0% 78% Tortoise MLP & Energy Infrastructure Fund MLPPX 0% 10% 15% 0% 75% Tortoise Energy Evolution Fund TOPIX/TOPTX/TOPCX 0% 100% 0% 0% 0% A 2020 capital gains distribution is not expected for the Ecofin Global Renewables Infrastructure Fund (ECOIX/ECOAX). Returns of capital are non-taxable distributions. The portion of the distribution received by the U.S. shareholder from the Fund that constitutes a return of capital will decrease the U.S. shareholders tax basis in his or her Fund shares (but not below zero), which will result in an increase in the amount of gain (or decrease in the amount of loss) that will be recognized by the U.S. shareholder for tax purposes on the later sale of such Fund shares. For a further discussion on the tax treatment of Fund distributions to U.S. shareholders, please see the prospectus or consult your own tax advisors as to the U.S. federal income tax consequences of acquiring, holding and disposing of shares, as well as the effects of state, local and non-U.S. tax laws. About TortoiseEcofin TortoiseEcofin focuses on essential assets those assets and services that are indispensable to the economy and society. We strive to make a positive impact on clients and communities by investing in energy infrastructure and the transition to cleaner energy and by providing capital for social impact projects focused on education and senior housing. TortoiseEcofin brings together strong legacies from Tortoise, with expertise investing across the energy value chain for more than 20 years, and from Ecofin, which unites ecology and finance and has roots back to the early 1990s. For more information, please visit www.TortoiseEcofin.com. About Tortoise MLP & Energy Income Fund The Tortoise MLP & Energy Income Fund invests in securities across the capital structure of energy infrastructure companies, including common equity, preferred equity, bonds and MLPs. The funds goal is to deliver strong risk-adjusted returns, greater liquidity, lower volatility and high correlation relative to the Alerian MLP Index over a market cycle. About Tortoise MLP & Energy Infrastructure Fund The Tortoise MLP & Energy Infrastructure Fund invests in securities across the capital structure of energy infrastructure companies, including common equity, preferred equity, bonds and MLPs. The funds goal is to deliver strong risk-adjusted returns, greater liquidity, lower volatility and high correlation relative to the Alerian MLP Index over a market cycle. About Tortoise MLP & Pipeline Fund The Tortoise MLP & Pipeline Fund focuses on the large and diverse North American pipeline universe. The fund invests primarily in MLP and pipeline companies that own and operate a network of asset systems that transport, store, distribute, gather and/or process crude oil, refined petroleum products (including biodiesel and ethanol), natural gas or natural gas liquids. The fund is designed to provide access to the sizable pipeline network of one of the world's largest consumers of energy, efficient tax flow-through structure, one 1099 (no K-1s), no unrelated business taxable income (UBTI) and IRA and tax-exempt suitability. About Tortoise Energy Evolution Fund The Tortoise Energy Evolution Fund seeks to invest in securities benefiting from the long-term growth associated with the changes in energy supply relating to the energy transition that is currently underway. About Ecofin Global Renewables Infrastructure Fund The Ecofin Global Renewables Infrastructure Fund is an impact fund investing in listed companies that own low-carbon power generation assets. The fund invests in companies riding on the high demand growth for clean electricity. The portfolio has the goal of providing a low beta and delivers a measurable decarbonization benefit. Disclosures TCA Advisors is the adviser to the Tortoise MLP & Pipeline Fund, Tortoise MLP & Energy Income Fund, Tortoise MLP & Energy Infrastructure Fund, Tortoise Energy Evolution Fund and Ecofin Global Renewables Infrastructure Fund. Ecofin Advisors Limited is the sub-adviser to the Tortoise Energy Evolution Fund and Ecofin Global Renewables Infrastructure Fund. Quasar Distributors, LLC, distributor. Nothing contained in this communication constitutes tax, legal, or investment advice. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation. The funds investment objectives, risks, charges and expenses must be considered carefully before investing. The summary and statutory prospectus contains this and other important information about the funds and may be obtained by calling 855-TCA-FUND (855-822-3863) or visiting www.TortoiseEcofin.com. Read it carefully before investing. Mutual fund investing involves risk. Principal loss is possible. Safe Harbor Statement This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction. Forward-looking statement This press release contains certain statements that may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although TortoiseEcofin believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the companys reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, TortoiseEcofin does not assume a duty to update this forward-looking statement.
Answer:
|
TortoiseEcofin Announces 2020 Estimated Character of Distributions for its Open End Mutual Funds
|
LEAWOOD, KS--(BUSINESS WIRE)--TortoiseEcofin today announced the estimated character of distributions for its open end mutual funds to be paid in the calendar year 2020. The table below lists estimates based on preliminary information as of October 31, 2020 and are subject to change. This data is for information purposes only and should not be construed as an official tax form, nor should it be considered tax or investment advice. Investors should consult a tax professional for guidance regarding their specific tax situation. The final determination of tax character of the distributions paid in 2020 will be reported to shareholders in January 2021 on Form 1099-DIV. Estimated ordinary income Fund name Ticker Estimated short-term capital gains Qualified dividend Non-qualified dividend Estimated long-term capital gains Return of capital Tortoise MLP & Pipeline Fund TORIX/TORTX/TORCX 0% 33% 0% 0% 67% Tortoise MLP & Energy Income Fund INFRX/INFFX/INFIX 0% 10% 12% 0% 78% Tortoise MLP & Energy Infrastructure Fund MLPPX 0% 10% 15% 0% 75% Tortoise Energy Evolution Fund TOPIX/TOPTX/TOPCX 0% 100% 0% 0% 0% A 2020 capital gains distribution is not expected for the Ecofin Global Renewables Infrastructure Fund (ECOIX/ECOAX). Returns of capital are non-taxable distributions. The portion of the distribution received by the U.S. shareholder from the Fund that constitutes a return of capital will decrease the U.S. shareholders tax basis in his or her Fund shares (but not below zero), which will result in an increase in the amount of gain (or decrease in the amount of loss) that will be recognized by the U.S. shareholder for tax purposes on the later sale of such Fund shares. For a further discussion on the tax treatment of Fund distributions to U.S. shareholders, please see the prospectus or consult your own tax advisors as to the U.S. federal income tax consequences of acquiring, holding and disposing of shares, as well as the effects of state, local and non-U.S. tax laws. About TortoiseEcofin TortoiseEcofin focuses on essential assets those assets and services that are indispensable to the economy and society. We strive to make a positive impact on clients and communities by investing in energy infrastructure and the transition to cleaner energy and by providing capital for social impact projects focused on education and senior housing. TortoiseEcofin brings together strong legacies from Tortoise, with expertise investing across the energy value chain for more than 20 years, and from Ecofin, which unites ecology and finance and has roots back to the early 1990s. For more information, please visit www.TortoiseEcofin.com. About Tortoise MLP & Energy Income Fund The Tortoise MLP & Energy Income Fund invests in securities across the capital structure of energy infrastructure companies, including common equity, preferred equity, bonds and MLPs. The funds goal is to deliver strong risk-adjusted returns, greater liquidity, lower volatility and high correlation relative to the Alerian MLP Index over a market cycle. About Tortoise MLP & Energy Infrastructure Fund The Tortoise MLP & Energy Infrastructure Fund invests in securities across the capital structure of energy infrastructure companies, including common equity, preferred equity, bonds and MLPs. The funds goal is to deliver strong risk-adjusted returns, greater liquidity, lower volatility and high correlation relative to the Alerian MLP Index over a market cycle. About Tortoise MLP & Pipeline Fund The Tortoise MLP & Pipeline Fund focuses on the large and diverse North American pipeline universe. The fund invests primarily in MLP and pipeline companies that own and operate a network of asset systems that transport, store, distribute, gather and/or process crude oil, refined petroleum products (including biodiesel and ethanol), natural gas or natural gas liquids. The fund is designed to provide access to the sizable pipeline network of one of the world's largest consumers of energy, efficient tax flow-through structure, one 1099 (no K-1s), no unrelated business taxable income (UBTI) and IRA and tax-exempt suitability. About Tortoise Energy Evolution Fund The Tortoise Energy Evolution Fund seeks to invest in securities benefiting from the long-term growth associated with the changes in energy supply relating to the energy transition that is currently underway. About Ecofin Global Renewables Infrastructure Fund The Ecofin Global Renewables Infrastructure Fund is an impact fund investing in listed companies that own low-carbon power generation assets. The fund invests in companies riding on the high demand growth for clean electricity. The portfolio has the goal of providing a low beta and delivers a measurable decarbonization benefit. Disclosures TCA Advisors is the adviser to the Tortoise MLP & Pipeline Fund, Tortoise MLP & Energy Income Fund, Tortoise MLP & Energy Infrastructure Fund, Tortoise Energy Evolution Fund and Ecofin Global Renewables Infrastructure Fund. Ecofin Advisors Limited is the sub-adviser to the Tortoise Energy Evolution Fund and Ecofin Global Renewables Infrastructure Fund. Quasar Distributors, LLC, distributor. Nothing contained in this communication constitutes tax, legal, or investment advice. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation. The funds investment objectives, risks, charges and expenses must be considered carefully before investing. The summary and statutory prospectus contains this and other important information about the funds and may be obtained by calling 855-TCA-FUND (855-822-3863) or visiting www.TortoiseEcofin.com. Read it carefully before investing. Mutual fund investing involves risk. Principal loss is possible. Safe Harbor Statement This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction. Forward-looking statement This press release contains certain statements that may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although TortoiseEcofin believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the companys reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, TortoiseEcofin does not assume a duty to update this forward-looking statement.
|
edtsum3644
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SEOUL, South Korea, June 1, 2020 /PRNewswire/ -- Alchera, the leading high-tech company in South Korea and a member company of the Born2Global Centre, with the specialty of Artificial Intelligence (AI) on the facial recognition technology, exported the preventive solution of COVID-19 to San Pedro Square Market, California, on May 18, 2020.AIIR, the access control system with the AI-based facial recognition feature, is for the promotion of safe and convenient society in the public and the private security sectors. Alcheras AIIR solution Alchera's facial recognition technology was ranked as the top of South Korea in the quadrennial Face Recognition Vendor Test (FRVT) 2018-2019 hosted by the National Institute of Standards and Technology (NIST). Furthermore, in the verification field, AIIR surpassed other similar technologies with two times lower error rate in the wild video test sets on the tenacity of the alternation on illumination and facial perspectives, and the mugshot video test sets on the tenacity by the alternation of ages and races.Young Hwang, Co-founder and CTO of Alchera, said, "The effective isolation and prevention of COVID-19 in South Korea drew the global attention on the advancement of bio and ICT technologies, and that facial recognition technology is considered as the core technology in the era of the contactless society."Recently, AIIR was implemented in Shinhan Face Pay, which was the third deployment globally and the first in South Korea. It is expanding into application areas such as FinTech, Smart City, Building Access Control, Video metadata creation and search.For more detailed information on Alchera, visit https://alcherainc.com/en/.Media ContactAlchera: [emailprotected]Born2Global Centre: [emailprotected] SOURCE Born2Global Centre
Answer:
|
Alchera exports a preventive solution of COVID-19 to San Pedro Square Market, San Jose The leading K-prevention case via access control system with facial recognition and body heat measurement features
|
SEOUL, South Korea, June 1, 2020 /PRNewswire/ -- Alchera, the leading high-tech company in South Korea and a member company of the Born2Global Centre, with the specialty of Artificial Intelligence (AI) on the facial recognition technology, exported the preventive solution of COVID-19 to San Pedro Square Market, California, on May 18, 2020.AIIR, the access control system with the AI-based facial recognition feature, is for the promotion of safe and convenient society in the public and the private security sectors. Alcheras AIIR solution Alchera's facial recognition technology was ranked as the top of South Korea in the quadrennial Face Recognition Vendor Test (FRVT) 2018-2019 hosted by the National Institute of Standards and Technology (NIST). Furthermore, in the verification field, AIIR surpassed other similar technologies with two times lower error rate in the wild video test sets on the tenacity of the alternation on illumination and facial perspectives, and the mugshot video test sets on the tenacity by the alternation of ages and races.Young Hwang, Co-founder and CTO of Alchera, said, "The effective isolation and prevention of COVID-19 in South Korea drew the global attention on the advancement of bio and ICT technologies, and that facial recognition technology is considered as the core technology in the era of the contactless society."Recently, AIIR was implemented in Shinhan Face Pay, which was the third deployment globally and the first in South Korea. It is expanding into application areas such as FinTech, Smart City, Building Access Control, Video metadata creation and search.For more detailed information on Alchera, visit https://alcherainc.com/en/.Media ContactAlchera: [emailprotected]Born2Global Centre: [emailprotected] SOURCE Born2Global Centre
|
edtsum3647
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NASHVILLE, Tenn., May 15, 2020 /PRNewswire/ --Cumberland Pharmaceuticals Inc. (NASDAQ: CPIX) announced today that it will release first quarter 2020 financial results and a Company update after the market closes on Wednesday, May 20, 2020. A conference call and live Internet webcast will be held on Wednesday, May20, 2020at 4:30 p.m. Eastern Time to discuss the results. To participate in the call, please dial 877-303-1298 (for U.S. callers) or 253-237-1032 (for international callers). A rebroadcast of the teleconference will be available for one week and can be accessed by dialing 855-859-2056 (for U.S. callers) or 404-537-3406 (for international callers). The conference ID for the rebroadcast is 1692495. The live webcast and rebroadcast can be accessed via Cumberland's website at http://investor.shareholder.com/cpix/events.cfm. Cumberland Pharmaceuticals Inc.is a specialty pharmaceutical company focused on the delivery of high quality prescription brands to improve patient care. The Company develops, acquires and commercializes brands for the hospital acute care, gastroenterology and oncology market segments. These medical specialties are categorized by moderately concentrated prescriber bases that Cumberland believes can be penetrated effectively by targeted sales forces. The Company's portfolio of FDA approved brands includes: Acetadote (acetylcysteine) Injection, for the treatment of acetaminophen poisoning; Caldolor (ibuprofen) Injection, for the treatment of pain and fever; Kristalose (lactulose) for Oral Solution, a prescription laxative, for the treatment of chronic and acute constipation; Omeclamox-Pak, (omeprazole, clarithromycin, amoxicillin) for the treatment of Helicobacter pylori (H. pylori) infection and related duodenal ulcer disease; Vaprisol (conivaptan) Injection, to raise serum sodium levels in hospitalized patients with euvolemic and hypervolemic hyponatremia; Vibativ (telavancin) Injection, for the treatment of certain serious bacterial infections including hospital-acquired and ventilator-associated bacterial pneumonia, as well as complicated skin and skin structure infections. RediTrex (methotrexate) Injection, for the treatment of active rheumatoid, juvenile idiopathic and severe psoriatic arthritis, as well as disabling psoriasis. For more information on Cumberland's approved products, including full prescribing information, please visit the individual product websites, links to which can be found on the Company's website www.cumberlandpharma.com. The Company has Phase II clinical programs underway evaluating its ifetroban product candidates in patients with cardiomyopathy associated with Duchenne Muscular Dystrophy ("DMD"), Systemic Sclerosis ("SSc"), and Aspirin-Exacerbated Respiratory Disease ("AERD"), Hepatorenal Syndrome ("HRS") and Portal Hypertension ("PH"). SOURCE Cumberland Pharmaceuticals Inc. Related Links http://www.cumberlandpharma.com
Answer:
|
Cumberland Pharmaceuticals To Announce First Quarter 2020 Financial Results
|
NASHVILLE, Tenn., May 15, 2020 /PRNewswire/ --Cumberland Pharmaceuticals Inc. (NASDAQ: CPIX) announced today that it will release first quarter 2020 financial results and a Company update after the market closes on Wednesday, May 20, 2020. A conference call and live Internet webcast will be held on Wednesday, May20, 2020at 4:30 p.m. Eastern Time to discuss the results. To participate in the call, please dial 877-303-1298 (for U.S. callers) or 253-237-1032 (for international callers). A rebroadcast of the teleconference will be available for one week and can be accessed by dialing 855-859-2056 (for U.S. callers) or 404-537-3406 (for international callers). The conference ID for the rebroadcast is 1692495. The live webcast and rebroadcast can be accessed via Cumberland's website at http://investor.shareholder.com/cpix/events.cfm. Cumberland Pharmaceuticals Inc.is a specialty pharmaceutical company focused on the delivery of high quality prescription brands to improve patient care. The Company develops, acquires and commercializes brands for the hospital acute care, gastroenterology and oncology market segments. These medical specialties are categorized by moderately concentrated prescriber bases that Cumberland believes can be penetrated effectively by targeted sales forces. The Company's portfolio of FDA approved brands includes: Acetadote (acetylcysteine) Injection, for the treatment of acetaminophen poisoning; Caldolor (ibuprofen) Injection, for the treatment of pain and fever; Kristalose (lactulose) for Oral Solution, a prescription laxative, for the treatment of chronic and acute constipation; Omeclamox-Pak, (omeprazole, clarithromycin, amoxicillin) for the treatment of Helicobacter pylori (H. pylori) infection and related duodenal ulcer disease; Vaprisol (conivaptan) Injection, to raise serum sodium levels in hospitalized patients with euvolemic and hypervolemic hyponatremia; Vibativ (telavancin) Injection, for the treatment of certain serious bacterial infections including hospital-acquired and ventilator-associated bacterial pneumonia, as well as complicated skin and skin structure infections. RediTrex (methotrexate) Injection, for the treatment of active rheumatoid, juvenile idiopathic and severe psoriatic arthritis, as well as disabling psoriasis. For more information on Cumberland's approved products, including full prescribing information, please visit the individual product websites, links to which can be found on the Company's website www.cumberlandpharma.com. The Company has Phase II clinical programs underway evaluating its ifetroban product candidates in patients with cardiomyopathy associated with Duchenne Muscular Dystrophy ("DMD"), Systemic Sclerosis ("SSc"), and Aspirin-Exacerbated Respiratory Disease ("AERD"), Hepatorenal Syndrome ("HRS") and Portal Hypertension ("PH"). SOURCE Cumberland Pharmaceuticals Inc. Related Links http://www.cumberlandpharma.com
|
edtsum3648
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SAN FRANCISCO--(BUSINESS WIRE)--TomoCredit, Inc., a new startup offering access to credit for millions without credit histories, today announced the launch of the TomoCredit Mastercard, a high limit offering that does not require FICO or soft or hard inquiries to apply. Rather than traditional credit scoring services, TomoCredit is leveraging open banking through Finicity, a Mastercard company, to offer a rapid, proprietary assessment for people with no credit history. With no fees and 0% APR, the TomoCredit credit card, for which Mastercard is the exclusive card network, offers consumers access to credit and the ability to effectively build healthy financial habits. Kristy Kim, CEO at TomoCredit, built the company out of her personal frustrations as a young immigrant without a credit score. In her 20s, she was rejected five times for an auto loan, leaving her with no alternative but to purchase her first car entirely with cash. I quickly realized that without good credit, everything is much more difficult in the U.S. TomoCredit helps people build and improve credit scores by offering high limit credit cards using a proprietary underwriting system that analyzes over 50,000 dynamic data attributes including monthly income, savings, stock portfolio, and spending patterns. A customer can get approved for a $100 to $10,000 credit limit after completing a simple application process that takes under two minutes via TomoCredits online or mobile app. The TomoCredit card and its corresponding mobile app and website offers an autopay feature to motivate customers to spend responsibly and encourage on-time payments via electronic ACH from their linked bank accounts. These timely payments help customers avoid accidental over-spending. Young consumers have been reluctant to open new credit cards due to fears of missing payments and overspending. TomoCredit is different, we help them avoid common credit card mistakes and build healthy financial habits, said Kim. TomoCredit is meeting a critical need faced by so many in the United States with this next generation credit offering, said Sherri Haymond, executive vice president, Digital Partnerships at Mastercard. By tapping Mastercards network and embracing Finicitys powerful platform, TomoCredit is reimagining how consumers build and manage their financial habits. To date, TomoCredit has pre-approved over 300,000 customers nation-wide and is planning to issue approximately 500,000 additional cards by year end. TomoCredits mission is to build an open credit environment and help millions of underserved individuals and families. By working closely with Mastercard and Finicity, TomoCredit is able to offer inclusive credit products for the next generation of customers. The TomoCredit mobile application is currently available on Apples iOS devices. Find out more about TomoCredit at www.tomocredit.com.
Answer:
|
The TomoCredit Mastercard Gives Consumers Access to Credit Through High Limit Offering With No Fees and 0% APR
|
SAN FRANCISCO--(BUSINESS WIRE)--TomoCredit, Inc., a new startup offering access to credit for millions without credit histories, today announced the launch of the TomoCredit Mastercard, a high limit offering that does not require FICO or soft or hard inquiries to apply. Rather than traditional credit scoring services, TomoCredit is leveraging open banking through Finicity, a Mastercard company, to offer a rapid, proprietary assessment for people with no credit history. With no fees and 0% APR, the TomoCredit credit card, for which Mastercard is the exclusive card network, offers consumers access to credit and the ability to effectively build healthy financial habits. Kristy Kim, CEO at TomoCredit, built the company out of her personal frustrations as a young immigrant without a credit score. In her 20s, she was rejected five times for an auto loan, leaving her with no alternative but to purchase her first car entirely with cash. I quickly realized that without good credit, everything is much more difficult in the U.S. TomoCredit helps people build and improve credit scores by offering high limit credit cards using a proprietary underwriting system that analyzes over 50,000 dynamic data attributes including monthly income, savings, stock portfolio, and spending patterns. A customer can get approved for a $100 to $10,000 credit limit after completing a simple application process that takes under two minutes via TomoCredits online or mobile app. The TomoCredit card and its corresponding mobile app and website offers an autopay feature to motivate customers to spend responsibly and encourage on-time payments via electronic ACH from their linked bank accounts. These timely payments help customers avoid accidental over-spending. Young consumers have been reluctant to open new credit cards due to fears of missing payments and overspending. TomoCredit is different, we help them avoid common credit card mistakes and build healthy financial habits, said Kim. TomoCredit is meeting a critical need faced by so many in the United States with this next generation credit offering, said Sherri Haymond, executive vice president, Digital Partnerships at Mastercard. By tapping Mastercards network and embracing Finicitys powerful platform, TomoCredit is reimagining how consumers build and manage their financial habits. To date, TomoCredit has pre-approved over 300,000 customers nation-wide and is planning to issue approximately 500,000 additional cards by year end. TomoCredits mission is to build an open credit environment and help millions of underserved individuals and families. By working closely with Mastercard and Finicity, TomoCredit is able to offer inclusive credit products for the next generation of customers. The TomoCredit mobile application is currently available on Apples iOS devices. Find out more about TomoCredit at www.tomocredit.com.
|
edtsum3650
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: WASHINGTON, April 29, 2020 /PRNewswire/ --Bloomberg Government today announced two additions to its leadership team. Zach Brand, most recently of Guardian News and Media, has joined Bloomberg Government as Head of Engineering. Cliff Johnson, most recently Bloomberg Government's Head of Marketing, has accepted a new role as General Manager and Head of Government Affairs Solutions. "We're excited to grow our leadership team through Zach coming on board and Cliff's new role. Zach brings key experience with technology innovation and strategy and Cliff has a proven track record of bringing growth and success to BGOV, as well as an incredible knowledge of the government affairs solutions market," said Arielle Elliott, President, Bloomberg Government. "These hires are part of our continued investment in a long-term strategy to deliver the best possible solutions for our customers." As Head of Engineering, Brand will provide strategic vision and leadership for expanding the ways technology can facilitate growth both within the organization and to best help Bloomberg Government customers. He will provide thought leadership as well as technical guidance as he leads a team of software engineers, automation test engineers, and operation engineers. In his previous role as Chief Digital Officer at Guardian News and Media, Brand was responsible for all aspects of the Guardian's digital product and technology strategy, including the development and evolution of core products including theguardian.com and its award-winning apps. Previously, Brand spent nine years at NPR where he led the team that created NPR One and redesigned the organization's content management systems and underlying architecture. Brand also worked as Director of IT Services at The Washington Post. "I am excited to join the team at BGOV and look forward to contributing to the creation and improvement of great products," said Brand. As General Manger, Johnson will focus on overall product development and commercial growth strategy for Bloomberg Government's market-leading government affairs solutions, including managing high-performing product and data teams to develop new and innovative solutions that simplify workflows and solve client challenges. Johnson joined Bloomberg Government as Head of Marketing in 2018, transforming the efficiency of the organization's marketing approach. He previously held senior leadership positions at National Journal, where he led a team dedicated to helping government affairs executives boost lobbying and advocacy effectiveness, and at the National Association of Manufacturers as well as other leading organizations in Washington, DC. "I look forward to leveraging my time and experience in the government affairs community to help drive not only innovative product enhancements, but the next chapter of the business's growth," said Johnson. About Bloomberg GovernmentBloomberg Government is a premium, subscription-based service that provides comprehensive information and analytics for policy professionals who interact with or are affected by the government. Delivering news, analytics, and data-driven decision tools, Bloomberg Government's digital workspace gives an intelligent edge to government affairs, federal, and contracting professionals. For more information or a demo, visit www.bgov.com. SOURCE Bloomberg Government Related Links http://www.bgov.com
Answer:
|
Bloomberg Government Announces Additions To Leadership Team With Head Of Engineering Zach Brand And General Manager Cliff Johnson
|
WASHINGTON, April 29, 2020 /PRNewswire/ --Bloomberg Government today announced two additions to its leadership team. Zach Brand, most recently of Guardian News and Media, has joined Bloomberg Government as Head of Engineering. Cliff Johnson, most recently Bloomberg Government's Head of Marketing, has accepted a new role as General Manager and Head of Government Affairs Solutions. "We're excited to grow our leadership team through Zach coming on board and Cliff's new role. Zach brings key experience with technology innovation and strategy and Cliff has a proven track record of bringing growth and success to BGOV, as well as an incredible knowledge of the government affairs solutions market," said Arielle Elliott, President, Bloomberg Government. "These hires are part of our continued investment in a long-term strategy to deliver the best possible solutions for our customers." As Head of Engineering, Brand will provide strategic vision and leadership for expanding the ways technology can facilitate growth both within the organization and to best help Bloomberg Government customers. He will provide thought leadership as well as technical guidance as he leads a team of software engineers, automation test engineers, and operation engineers. In his previous role as Chief Digital Officer at Guardian News and Media, Brand was responsible for all aspects of the Guardian's digital product and technology strategy, including the development and evolution of core products including theguardian.com and its award-winning apps. Previously, Brand spent nine years at NPR where he led the team that created NPR One and redesigned the organization's content management systems and underlying architecture. Brand also worked as Director of IT Services at The Washington Post. "I am excited to join the team at BGOV and look forward to contributing to the creation and improvement of great products," said Brand. As General Manger, Johnson will focus on overall product development and commercial growth strategy for Bloomberg Government's market-leading government affairs solutions, including managing high-performing product and data teams to develop new and innovative solutions that simplify workflows and solve client challenges. Johnson joined Bloomberg Government as Head of Marketing in 2018, transforming the efficiency of the organization's marketing approach. He previously held senior leadership positions at National Journal, where he led a team dedicated to helping government affairs executives boost lobbying and advocacy effectiveness, and at the National Association of Manufacturers as well as other leading organizations in Washington, DC. "I look forward to leveraging my time and experience in the government affairs community to help drive not only innovative product enhancements, but the next chapter of the business's growth," said Johnson. About Bloomberg GovernmentBloomberg Government is a premium, subscription-based service that provides comprehensive information and analytics for policy professionals who interact with or are affected by the government. Delivering news, analytics, and data-driven decision tools, Bloomberg Government's digital workspace gives an intelligent edge to government affairs, federal, and contracting professionals. For more information or a demo, visit www.bgov.com. SOURCE Bloomberg Government Related Links http://www.bgov.com
|
edtsum3653
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, Jan. 27, 2021 /PRNewswire/ -- Check, a first-of-its-kind payroll infrastructure startup whose mission is to make paying people simple, announced its public launch today with $35 million in Series B funding from Stripe and Thrive Capital. "We built Check to enable innovation in the way people get paid, and I'm thrilled to share our public launch," said Andrew Brown, CEO and co-founder. "With Check, developers can now build wage payments into their apps just as easily as accepting an online payment." Check was founded in 2019 by the team that built Oyster, the Netflix for books, which was acquired by Google in 2015. The company has employees across the United States, with headquarters/hubs in New York, San Francisco, and Atlanta, and brings together world-class technical and payroll expertise. With the close of its $35 million Series B from Stripe and Thrive, Check has raised $44 million to date. Last year it closed an $8 million Series A led by Bedrock with participation from Thrive and Index, and in 2019 it raised a $1 million Seed round from Bedrock. The company plans to use the funds to continue to grow the team. Significant progress has come to financial services and payments specifically in the past decade, driven by progress in infrastructure.By effectively creating an abstraction layer across an increasingly fragmented financial system, a new class of API-centric businesses made it possible for developers to embed payment and data tools into their products. These platforms made it easy to facilitate payments to businesses. But absent an analogous platform for payroll, developers have struggled to facilitate payments from businesses to the people who work for them. Indeed, although trillions of dollars flow through U.S. payrolls every year, the technology powering payroll hasn't improved in decades. Moreover, payroll which comprises everything from maintaining confidential employee information to calculating wages and taxes to moving large sums of money, all in compliance with Federal, state, and local laws is particularly complex. There are more than 13,000 U.S tax jurisdictions, each with its own set of rules. "Check has developed an elegant solution that abstracts complexity, reduces risk, and removes friction in the payroll process that every company has to navigate," said ChrisSperandio, corporate development with Stripe. "The Check team is uniquely suited to continue innovating in this domain and make paying people simple." Three in four businesses use an industry-specific, vertical software platform to manage their business, a reflection of the varying needs of any small business. But for these businesses and countless others payroll exists only in its own standalone system. Despite being fundamental to the day-to-day work of the business, payroll is a walled garden, requiring workarounds like manual data syncs, munged spreadsheets, and more extra work every time teams run payroll. Check helps developers reimagine these workflows, enabling them to situate payroll where it belongs. To learn more about Check, visit https://www.checkhq.com. ABOUT CHECKCheckis a payroll infrastructure startup that lets you embed payroll directly in your vertical SaaS, HR, or time-tracking platform. Check offers all the building blocks necessary to build a fully customizable payroll product, with a powerful API, modular white-label onboarding components, and a dashboard to manage it all. To learn more, visit https://www.checkhq.com. CONTACT: Chelsea Allison, [emailprotected], 312-775-2856 SOURCE Check Related Links http://www.checkhq.com
Answer:
|
Payroll infrastructure startup Check announces its public launch with $35 million Series B investment from Stripe and Thrive
|
NEW YORK, Jan. 27, 2021 /PRNewswire/ -- Check, a first-of-its-kind payroll infrastructure startup whose mission is to make paying people simple, announced its public launch today with $35 million in Series B funding from Stripe and Thrive Capital. "We built Check to enable innovation in the way people get paid, and I'm thrilled to share our public launch," said Andrew Brown, CEO and co-founder. "With Check, developers can now build wage payments into their apps just as easily as accepting an online payment." Check was founded in 2019 by the team that built Oyster, the Netflix for books, which was acquired by Google in 2015. The company has employees across the United States, with headquarters/hubs in New York, San Francisco, and Atlanta, and brings together world-class technical and payroll expertise. With the close of its $35 million Series B from Stripe and Thrive, Check has raised $44 million to date. Last year it closed an $8 million Series A led by Bedrock with participation from Thrive and Index, and in 2019 it raised a $1 million Seed round from Bedrock. The company plans to use the funds to continue to grow the team. Significant progress has come to financial services and payments specifically in the past decade, driven by progress in infrastructure.By effectively creating an abstraction layer across an increasingly fragmented financial system, a new class of API-centric businesses made it possible for developers to embed payment and data tools into their products. These platforms made it easy to facilitate payments to businesses. But absent an analogous platform for payroll, developers have struggled to facilitate payments from businesses to the people who work for them. Indeed, although trillions of dollars flow through U.S. payrolls every year, the technology powering payroll hasn't improved in decades. Moreover, payroll which comprises everything from maintaining confidential employee information to calculating wages and taxes to moving large sums of money, all in compliance with Federal, state, and local laws is particularly complex. There are more than 13,000 U.S tax jurisdictions, each with its own set of rules. "Check has developed an elegant solution that abstracts complexity, reduces risk, and removes friction in the payroll process that every company has to navigate," said ChrisSperandio, corporate development with Stripe. "The Check team is uniquely suited to continue innovating in this domain and make paying people simple." Three in four businesses use an industry-specific, vertical software platform to manage their business, a reflection of the varying needs of any small business. But for these businesses and countless others payroll exists only in its own standalone system. Despite being fundamental to the day-to-day work of the business, payroll is a walled garden, requiring workarounds like manual data syncs, munged spreadsheets, and more extra work every time teams run payroll. Check helps developers reimagine these workflows, enabling them to situate payroll where it belongs. To learn more about Check, visit https://www.checkhq.com. ABOUT CHECKCheckis a payroll infrastructure startup that lets you embed payroll directly in your vertical SaaS, HR, or time-tracking platform. Check offers all the building blocks necessary to build a fully customizable payroll product, with a powerful API, modular white-label onboarding components, and a dashboard to manage it all. To learn more, visit https://www.checkhq.com. CONTACT: Chelsea Allison, [emailprotected], 312-775-2856 SOURCE Check Related Links http://www.checkhq.com
|
edtsum3654
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: BOSTON, Jan. 15, 2021 /PRNewswire/ --Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE: EVT) today announced important information concerning its distribution declared in December 2020. This press release is issued as required by the Fund's managed distribution plan (Plan) and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the implementation of the Plan to make monthly cash distributions to common shareholders, stated in terms of a fixed amount per common share. This information is sent to you for informational purposes only and is an estimate of the sources of the January distribution. It is not determinative of the tax character of the Fund's distributions for the 2021 calendar year. Shareholders should note that the Fund's total regular distribution amount is subject to change as a result of market conditions or other factors. The amounts and sources of distributions reported in this notice are estimates, are not being provided for tax reporting purposes and the distribution may later be determined to be from other sources including realized short-term gains, long-term gains, to the extent permitted by law, and return of capital. The actual amounts and sources for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. Distribution Period:January 2021 Distribution Amount per Common Share: $0.1450 The following table sets forth an estimate of the sources of the Fund's January distribution and its cumulative distributions paid this fiscal year to date. Amounts are expressed on a per common share basis and as a percentage of the distribution amount. Eaton Vance Tax-Advantaged Dividend Income Fund Source Current Distribution % of Current Distribution Cumulative Distributions for the Fiscal Year-to-Date1 % of the Cumulative Distributions for the Fiscal Year-to-Date1 Net Investment Income $0.0491 33.9% $0.1500 34.4% Net Realized Short-Term Capital Gains $0.0000 0.0% $0.0320 7.4% Net Realized Long-Term Capital Gains $0.0959 66.1% $0.2530 58.2% Return of Capital or Other Capital Source(s) $0.0000 0.0% $0.0000 0.0% Total per common share $0.1450 100.0% $0.4350 100.0% 1 The Fund's fiscal year is November 1, 2020 to October 31, 2021 IMPORTANT DISCLOSURE: You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's Plan. The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income.' The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for accounting and/or tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. Set forth in the table below is information relating to the Fund's performance based on its net asset value (NAV) for certain periods. Average annual total return at NAV for the 5-year period ended on November 30, 20201 10.42% Annualized current distribution rate expressed as a percentage of NAV as of November 30, 20202 7.27% Cumulative total return at NAV for the fiscal year through November 30, 20203 14.55% Cumulative fiscal year to date distribution rate as a percentage of NAV as of November 30, 20204 0.61% 1Average annual total return at NAV represents the change in NAV of the Fund, with all distributions reinvested, for the 5-year period ended on November 30, 2020. 2The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund's NAV as of November 30, 2020. 3Cumulative total return at NAV is the percentage change in the Fund's NAV for the period from the beginning of its fiscal year to November 30, 2020 including distributions paid and assuming reinvestment of those distributions. 4Cumulative fiscal year distribution rate for the period from the beginning of its fiscal year to November 30, 2020 measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund's NAV as of November 30, 2020. SOURCE Eaton Vance Management Related Links http://www.eatonvance.com
Answer:
|
Eaton Vance Tax-Advantaged Dividend Income Fund January 2021 Distribution
|
BOSTON, Jan. 15, 2021 /PRNewswire/ --Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE: EVT) today announced important information concerning its distribution declared in December 2020. This press release is issued as required by the Fund's managed distribution plan (Plan) and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the implementation of the Plan to make monthly cash distributions to common shareholders, stated in terms of a fixed amount per common share. This information is sent to you for informational purposes only and is an estimate of the sources of the January distribution. It is not determinative of the tax character of the Fund's distributions for the 2021 calendar year. Shareholders should note that the Fund's total regular distribution amount is subject to change as a result of market conditions or other factors. The amounts and sources of distributions reported in this notice are estimates, are not being provided for tax reporting purposes and the distribution may later be determined to be from other sources including realized short-term gains, long-term gains, to the extent permitted by law, and return of capital. The actual amounts and sources for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. Distribution Period:January 2021 Distribution Amount per Common Share: $0.1450 The following table sets forth an estimate of the sources of the Fund's January distribution and its cumulative distributions paid this fiscal year to date. Amounts are expressed on a per common share basis and as a percentage of the distribution amount. Eaton Vance Tax-Advantaged Dividend Income Fund Source Current Distribution % of Current Distribution Cumulative Distributions for the Fiscal Year-to-Date1 % of the Cumulative Distributions for the Fiscal Year-to-Date1 Net Investment Income $0.0491 33.9% $0.1500 34.4% Net Realized Short-Term Capital Gains $0.0000 0.0% $0.0320 7.4% Net Realized Long-Term Capital Gains $0.0959 66.1% $0.2530 58.2% Return of Capital or Other Capital Source(s) $0.0000 0.0% $0.0000 0.0% Total per common share $0.1450 100.0% $0.4350 100.0% 1 The Fund's fiscal year is November 1, 2020 to October 31, 2021 IMPORTANT DISCLOSURE: You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's Plan. The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income.' The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for accounting and/or tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. Set forth in the table below is information relating to the Fund's performance based on its net asset value (NAV) for certain periods. Average annual total return at NAV for the 5-year period ended on November 30, 20201 10.42% Annualized current distribution rate expressed as a percentage of NAV as of November 30, 20202 7.27% Cumulative total return at NAV for the fiscal year through November 30, 20203 14.55% Cumulative fiscal year to date distribution rate as a percentage of NAV as of November 30, 20204 0.61% 1Average annual total return at NAV represents the change in NAV of the Fund, with all distributions reinvested, for the 5-year period ended on November 30, 2020. 2The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund's NAV as of November 30, 2020. 3Cumulative total return at NAV is the percentage change in the Fund's NAV for the period from the beginning of its fiscal year to November 30, 2020 including distributions paid and assuming reinvestment of those distributions. 4Cumulative fiscal year distribution rate for the period from the beginning of its fiscal year to November 30, 2020 measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund's NAV as of November 30, 2020. SOURCE Eaton Vance Management Related Links http://www.eatonvance.com
|
edtsum3656
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: LONDON, Feb. 25, 2021 /PRNewswire/ -- The 7th installment of the Coingeek Conference series (June 8-10) has confirmed that it will be broadcast online and, hopefully, also be allowing attendees into Samsung Hall. CoinGeek VII will be themed around the hot topic of data; the Bitcoin SV (BSV) blockchain can handle almost limitless amounts of data, all immutably stored and at a very low cost. Unlike the tech behind the likes of Facebook, Twitter and Instagram, with BSV apps, the user keeps their data and can even earn from it as a whole new internet (the metanet) is being built on a system of micropayments using BSV as its platform. Zurich is the heartland of the European banking world and will be the latest venue for the seventh CoinGeek Conference next June. Just south of Zurich, known as 'Crypto Valley', Zug, Switzerland, is the home of the Bitcoin Association whose Founding President, Jimmy Nguyen, will once again host the conference. As a result, Switzerland will further enhance its reputation, as not only a banking and financial hub, but also, the European HQ of the digital asset space by playing host to CoinGeek VII. In October last year, despite the global pandemic, CoinGeek VImanaged to broadcast over 90 speakers all of which were delivered live, not pre-recorded - over three days from studios in London and New York. This unique hybrid live & virtual event experience attracted an audience from around the globe with a total of over 300,000 views of the conference broadcast in English and in Chinese. Earlier in 2020, CoinGeek London saw over 1,000 in person attendees. Previous CoinGeek Conferences have also appeared - highlighting the true power of a blockchain that scales to enterprise level coupled with tiny transaction fees - via Bitcoin SV, in Seoul, Hong Kong and Toronto. To learn more about BSV, visit BitcoinSV.com. SOURCE CoinGeek
Answer:
|
CoinGeek VII will take place in Zurich's Samsung Hall (June 8-10)
|
LONDON, Feb. 25, 2021 /PRNewswire/ -- The 7th installment of the Coingeek Conference series (June 8-10) has confirmed that it will be broadcast online and, hopefully, also be allowing attendees into Samsung Hall. CoinGeek VII will be themed around the hot topic of data; the Bitcoin SV (BSV) blockchain can handle almost limitless amounts of data, all immutably stored and at a very low cost. Unlike the tech behind the likes of Facebook, Twitter and Instagram, with BSV apps, the user keeps their data and can even earn from it as a whole new internet (the metanet) is being built on a system of micropayments using BSV as its platform. Zurich is the heartland of the European banking world and will be the latest venue for the seventh CoinGeek Conference next June. Just south of Zurich, known as 'Crypto Valley', Zug, Switzerland, is the home of the Bitcoin Association whose Founding President, Jimmy Nguyen, will once again host the conference. As a result, Switzerland will further enhance its reputation, as not only a banking and financial hub, but also, the European HQ of the digital asset space by playing host to CoinGeek VII. In October last year, despite the global pandemic, CoinGeek VImanaged to broadcast over 90 speakers all of which were delivered live, not pre-recorded - over three days from studios in London and New York. This unique hybrid live & virtual event experience attracted an audience from around the globe with a total of over 300,000 views of the conference broadcast in English and in Chinese. Earlier in 2020, CoinGeek London saw over 1,000 in person attendees. Previous CoinGeek Conferences have also appeared - highlighting the true power of a blockchain that scales to enterprise level coupled with tiny transaction fees - via Bitcoin SV, in Seoul, Hong Kong and Toronto. To learn more about BSV, visit BitcoinSV.com. SOURCE CoinGeek
|
edtsum3661
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SAN MATEO, Calif.--(BUSINESS WIRE)--Punchh, the leading customer loyalty, offers and engagement platform for restaurants, convenience stores, and other retailers, today announced a partnership with Tropical Smoothie Cafe, LLC, the franchisor of a leading national fast-casual concept known for its better-for-you-smoothies and food with a tropical twist. Together, the two brands will power customer engagement and loyalty through a new mobile app for the brands 900+ locations. Tropical Smoothie Cafe's new mobile app features Punchhs industry-leading loyalty and offers capabilities, and a points-based rewards program that gifts members one loyalty point per dollar spent, accruing $5 in rewards for every 55 points earned. The app enables guests to earn and redeem rewards in the form of exclusive offers and special birthday discounts, and offers mobile ordering and delivery capabilities through Olo, to further streamline the ordering process for cafes. Punchhs solution equips Tropical Smoothie Cafe with customer acquisition tools, marketing campaign automation, integrated offers, and real-time, AI-powered data analytics to create a high-value, one-to-one experience for each guest. We are constantly evolving to meet the changing needs of our guests, and provide an elevated, streamlined user experience that allows us to communicate more effectively to them, said Michael Lapid, Chief Information & Digital Officer of Tropical Smoothie Cafe, LLC. Through our new app, powered by Punchh, we can target our marketing strategy based on guest frequency and preferences. The result is a more convenient, individualized guest experience at scale. We are proud to partner with Tropical Smoothie Cafe on its new loyalty platform, said Shyam Rao, Cofounder and CEO of Punchh. Data-driven loyalty programs have become imperative for restaurant operators in this increasingly competitive marketplace. Tropical Smoothie Cafe now has the richest data insights across every customer touchpoint to support and foster valuable guest relationships. Punchh delivers AI-driven loyalty programs that enable physical retailers to optimize customer interactions at scale to drive one-to-one relationships that increase in value over time. Over 150 million consumers leverage Punchhs personalized loyalty, campaigns, and offers through restaurants, convenience stores, and other retailers. New rewards members who download the Tropical Smoothie Cafe app will receive a free smoothie on their second purchase*. To download the app and learn more, please visit the App Store or Google Play. About Punchh Punchh is the leading customer loyalty and engagement solution for restaurant, retail, and convenience store brands. For a decade Punchh has created consistent, modern loyalty experiences to help physical retailers understand their customers and use real data insights to serve them best. Powered through artificial intelligence, the company builds meaningful relationships and dramatically increases lifetime customer value through data driven one-to-one customer engagement. Over 200 global enterprise brands, including Yum! Brands (NYSE: YUM), Dennys (NASDAQ: DENN), TGI Fridays, and Caseys (NASDAQ: CASY) rely on Punchh to grow revenue by building customer relationships. The company is based in Silicon Valley, California with a second US office in Austin, TX and global offices across Canada, India, and Singapore. About Tropical Smoothie Cafe Tropical Smoothie Cafe is a national fast-casual cafe concept inspiring a healthier lifestyle with more than 900 locations nationwide. Serving better-for-you smoothies, wraps, sandwiches, and flatbreads, Tropical Smoothie Cafe also offers upgraded app technology and enhanced mobile ordering capabilities to further elevate the digital and dine-in cafe experience and emphasize the brand's focus on convenience. The rapidly growing franchise has received numerous accolades including rankings in QSR's 10 Best Franchise Deals, Entrepreneur's Franchise 500 and Forbes' Best Franchises, as well as Franchise Times' Top 200+. In 2020, the brand was recognized amongst NRN's 10 Fastest-Growing Restaurant Chains, Franchise Business Review's Top 50 Multi-Unit Franchises and Best Multi-Unit Franchises, and Tropical Smoothie Cafe CEO Charles Watson was recognized as one of NRN's Most Influential CEOs. *Receive free smoothie reward after minimum purchase of $5. Must scan app in-cafe at time purchase or use app to order ahead for pick-up or delivery. May take up to 24 hours after first purchase for reward to appear. Must redeem reward prior to expiration date listed in app. Free smoothie reward will be applied to highest price smoothie ordered, up to a $7 value. Modifications, fresh add-ins and supplements extra. Valid only at participating locations. Not valid with any other reward or discount, third party services, or online orders. Promotion ends December 31, 2021.
Answer:
|
Punchh Powers New Mobile Loyalty App for Tropical Smoothie Cafe Leading national smoothie chain taps Punchh to drive customer engagement, enhance guest experience
|
SAN MATEO, Calif.--(BUSINESS WIRE)--Punchh, the leading customer loyalty, offers and engagement platform for restaurants, convenience stores, and other retailers, today announced a partnership with Tropical Smoothie Cafe, LLC, the franchisor of a leading national fast-casual concept known for its better-for-you-smoothies and food with a tropical twist. Together, the two brands will power customer engagement and loyalty through a new mobile app for the brands 900+ locations. Tropical Smoothie Cafe's new mobile app features Punchhs industry-leading loyalty and offers capabilities, and a points-based rewards program that gifts members one loyalty point per dollar spent, accruing $5 in rewards for every 55 points earned. The app enables guests to earn and redeem rewards in the form of exclusive offers and special birthday discounts, and offers mobile ordering and delivery capabilities through Olo, to further streamline the ordering process for cafes. Punchhs solution equips Tropical Smoothie Cafe with customer acquisition tools, marketing campaign automation, integrated offers, and real-time, AI-powered data analytics to create a high-value, one-to-one experience for each guest. We are constantly evolving to meet the changing needs of our guests, and provide an elevated, streamlined user experience that allows us to communicate more effectively to them, said Michael Lapid, Chief Information & Digital Officer of Tropical Smoothie Cafe, LLC. Through our new app, powered by Punchh, we can target our marketing strategy based on guest frequency and preferences. The result is a more convenient, individualized guest experience at scale. We are proud to partner with Tropical Smoothie Cafe on its new loyalty platform, said Shyam Rao, Cofounder and CEO of Punchh. Data-driven loyalty programs have become imperative for restaurant operators in this increasingly competitive marketplace. Tropical Smoothie Cafe now has the richest data insights across every customer touchpoint to support and foster valuable guest relationships. Punchh delivers AI-driven loyalty programs that enable physical retailers to optimize customer interactions at scale to drive one-to-one relationships that increase in value over time. Over 150 million consumers leverage Punchhs personalized loyalty, campaigns, and offers through restaurants, convenience stores, and other retailers. New rewards members who download the Tropical Smoothie Cafe app will receive a free smoothie on their second purchase*. To download the app and learn more, please visit the App Store or Google Play. About Punchh Punchh is the leading customer loyalty and engagement solution for restaurant, retail, and convenience store brands. For a decade Punchh has created consistent, modern loyalty experiences to help physical retailers understand their customers and use real data insights to serve them best. Powered through artificial intelligence, the company builds meaningful relationships and dramatically increases lifetime customer value through data driven one-to-one customer engagement. Over 200 global enterprise brands, including Yum! Brands (NYSE: YUM), Dennys (NASDAQ: DENN), TGI Fridays, and Caseys (NASDAQ: CASY) rely on Punchh to grow revenue by building customer relationships. The company is based in Silicon Valley, California with a second US office in Austin, TX and global offices across Canada, India, and Singapore. About Tropical Smoothie Cafe Tropical Smoothie Cafe is a national fast-casual cafe concept inspiring a healthier lifestyle with more than 900 locations nationwide. Serving better-for-you smoothies, wraps, sandwiches, and flatbreads, Tropical Smoothie Cafe also offers upgraded app technology and enhanced mobile ordering capabilities to further elevate the digital and dine-in cafe experience and emphasize the brand's focus on convenience. The rapidly growing franchise has received numerous accolades including rankings in QSR's 10 Best Franchise Deals, Entrepreneur's Franchise 500 and Forbes' Best Franchises, as well as Franchise Times' Top 200+. In 2020, the brand was recognized amongst NRN's 10 Fastest-Growing Restaurant Chains, Franchise Business Review's Top 50 Multi-Unit Franchises and Best Multi-Unit Franchises, and Tropical Smoothie Cafe CEO Charles Watson was recognized as one of NRN's Most Influential CEOs. *Receive free smoothie reward after minimum purchase of $5. Must scan app in-cafe at time purchase or use app to order ahead for pick-up or delivery. May take up to 24 hours after first purchase for reward to appear. Must redeem reward prior to expiration date listed in app. Free smoothie reward will be applied to highest price smoothie ordered, up to a $7 value. Modifications, fresh add-ins and supplements extra. Valid only at participating locations. Not valid with any other reward or discount, third party services, or online orders. Promotion ends December 31, 2021.
|
edtsum3663
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: VEVEY, Switzerland, Oct. 30, 2020 /PRNewswire/ --Nestl announced today that it has acquired Freshly, one of the leading fresh-prepared meal delivery services in the U.S. The deal values Freshly at USD 950 million, with potential earnouts up to USD 550 million contingent to the successful growth of the business. This transaction was signed and closed on October 30, 2020. Founded in 2015, Freshly delivers a menu of fresh, chef-cooked meals to customers across the country, breaking down the barriers to healthy eating by delivering nutrition and convenience at scale. This move brings together Nestl's deep understanding of what and how people eat at home, and world class research and development capabilities with Freshly's highly specialized consumer analytics platform and distribution network to fuel growth opportunities within the Freshly business and across Nestl's portfolio. "We are excited to welcome Freshly to the Nestl family," said Nestl USA Chairman and CEO, Steve Presley. "Consumers are embracing ecommerce and eating at home like never before. It's an evolution brought on by the pandemic but taking hold for the long term. Freshly is an innovative, fast-growing, food-tech startup, and adding them to the portfolio accelerates our ability to capitalize on the new realities in the U.S. food market and further positions Nestl to win in the future." As the largest food and beverage company in the U.S., Nestl is committed to driving the evolution of the food industry through innovation across all aspects of its business, be it through in-house capabilities or strategic acquisitions. Nestl purchased an approximately 16% stake in Freshly in 2017 as a strategic move to evaluate and test the burgeoning market. Freshly pioneered the direct-to-consumer prepared meal delivery channel and is known for its use of standard-setting technology and analytics, which will build upon Nestl's strong base of innovation. Growing year-over-year since launching in 2015, Freshly is now shipping more than one million meals per week to customers in 48 states. Its 2020 forecasted sales are USD 430 million. "We are extremely excited to expand our relationship with Nestl," said Freshly CEO Michael Wystrach. "Our mission is to make eating healthy easy by bringing nutritious, high quality meals directly to customers' homes. Convenience and nutrition are driving forces in the future of food, and our becoming a part of the world's largest food company confirms that. With Nestl, we will have access to resources, research and development, and years of experience that we can tap into to catapult our growth plans and move closer to our goal of being in every household in America." Laurent Freixe, Nestl CEO Zone Americas added, "At Nestl we know the at-home food market and we know how to win there. With the acquisition of Freshly we are strengthening our position in the U.S. and expanding our ability to deliver a wide variety of delicious food to our consumers when and where they want. Whether purchasing our products from the comfort of their homes, in retail stores or through social commerce, we will continue to provide them with unbeatable convenience, choice and ease of purchase." About Freshly Inc.:Freshly Inc. is a weekly subscription service delivering fresh, chef-cooked meals that can be heated and served in 3 minutes directly to customers' doors. All that is needed is a microwave, fork and plate to get a satisfying lunch or dinner on the table. With a corporate mission to break down the barriers to healthy eating, Freshly believes that taste and health don't need to be compromised for convenience. Freshly's food philosophy is centered on less sugar, less processed, and more nutrients. All meals are gluten-free and single-serve for effortless portion control. Developed by chefs and nutritionists, the menu features better-for-you versions of classic comfort foods with smart ingredient swaps. Freshly makes eating better easier than ever, one box at a time. To learn more about Freshly, visit www.freshly.com. About Nestl USA: Nestl USA is committed to unlocking the power offood to enhance quality of life for everyone,today and for generations to come.The company's food and beverage portfolio includes some of the most recognizable brands in the United States including Coffee mate, DiGiorno and Nestl Toll House as well as category disruptors such as Sweet Earth, and are in nearly every home in the country. Nestl USA also boasts the largest coffee portfolio in the U.S. with Nescaf, Nestl Starbucks Coffee and Chameleon Cold Brew. With 2019 sales of USD 11 billion, Nestl USA is part of Nestl S.A. in Vevey, Switzerland the world's largest food and beverage company, which has been named among "The World's Most Admired Food Companies" by Fortune magazine for twenty-three consecutive years. For product news and information, visit Nestlusa.comor Facebook.com/NestlUSA. SOURCE Nestl USA Related Links http://nestleusa.com/
Answer:
|
Nestl USA acquires Freshly, a pioneer in healthy prepared meals
|
VEVEY, Switzerland, Oct. 30, 2020 /PRNewswire/ --Nestl announced today that it has acquired Freshly, one of the leading fresh-prepared meal delivery services in the U.S. The deal values Freshly at USD 950 million, with potential earnouts up to USD 550 million contingent to the successful growth of the business. This transaction was signed and closed on October 30, 2020. Founded in 2015, Freshly delivers a menu of fresh, chef-cooked meals to customers across the country, breaking down the barriers to healthy eating by delivering nutrition and convenience at scale. This move brings together Nestl's deep understanding of what and how people eat at home, and world class research and development capabilities with Freshly's highly specialized consumer analytics platform and distribution network to fuel growth opportunities within the Freshly business and across Nestl's portfolio. "We are excited to welcome Freshly to the Nestl family," said Nestl USA Chairman and CEO, Steve Presley. "Consumers are embracing ecommerce and eating at home like never before. It's an evolution brought on by the pandemic but taking hold for the long term. Freshly is an innovative, fast-growing, food-tech startup, and adding them to the portfolio accelerates our ability to capitalize on the new realities in the U.S. food market and further positions Nestl to win in the future." As the largest food and beverage company in the U.S., Nestl is committed to driving the evolution of the food industry through innovation across all aspects of its business, be it through in-house capabilities or strategic acquisitions. Nestl purchased an approximately 16% stake in Freshly in 2017 as a strategic move to evaluate and test the burgeoning market. Freshly pioneered the direct-to-consumer prepared meal delivery channel and is known for its use of standard-setting technology and analytics, which will build upon Nestl's strong base of innovation. Growing year-over-year since launching in 2015, Freshly is now shipping more than one million meals per week to customers in 48 states. Its 2020 forecasted sales are USD 430 million. "We are extremely excited to expand our relationship with Nestl," said Freshly CEO Michael Wystrach. "Our mission is to make eating healthy easy by bringing nutritious, high quality meals directly to customers' homes. Convenience and nutrition are driving forces in the future of food, and our becoming a part of the world's largest food company confirms that. With Nestl, we will have access to resources, research and development, and years of experience that we can tap into to catapult our growth plans and move closer to our goal of being in every household in America." Laurent Freixe, Nestl CEO Zone Americas added, "At Nestl we know the at-home food market and we know how to win there. With the acquisition of Freshly we are strengthening our position in the U.S. and expanding our ability to deliver a wide variety of delicious food to our consumers when and where they want. Whether purchasing our products from the comfort of their homes, in retail stores or through social commerce, we will continue to provide them with unbeatable convenience, choice and ease of purchase." About Freshly Inc.:Freshly Inc. is a weekly subscription service delivering fresh, chef-cooked meals that can be heated and served in 3 minutes directly to customers' doors. All that is needed is a microwave, fork and plate to get a satisfying lunch or dinner on the table. With a corporate mission to break down the barriers to healthy eating, Freshly believes that taste and health don't need to be compromised for convenience. Freshly's food philosophy is centered on less sugar, less processed, and more nutrients. All meals are gluten-free and single-serve for effortless portion control. Developed by chefs and nutritionists, the menu features better-for-you versions of classic comfort foods with smart ingredient swaps. Freshly makes eating better easier than ever, one box at a time. To learn more about Freshly, visit www.freshly.com. About Nestl USA: Nestl USA is committed to unlocking the power offood to enhance quality of life for everyone,today and for generations to come.The company's food and beverage portfolio includes some of the most recognizable brands in the United States including Coffee mate, DiGiorno and Nestl Toll House as well as category disruptors such as Sweet Earth, and are in nearly every home in the country. Nestl USA also boasts the largest coffee portfolio in the U.S. with Nescaf, Nestl Starbucks Coffee and Chameleon Cold Brew. With 2019 sales of USD 11 billion, Nestl USA is part of Nestl S.A. in Vevey, Switzerland the world's largest food and beverage company, which has been named among "The World's Most Admired Food Companies" by Fortune magazine for twenty-three consecutive years. For product news and information, visit Nestlusa.comor Facebook.com/NestlUSA. SOURCE Nestl USA Related Links http://nestleusa.com/
|
edtsum3664
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SINGAPORE, April 7, 2021 /PRNewswire/ --MATH Global Foundation, the Singapore based foundation behind the development of MathWallet, has developed MathChain, a Layer 2 blockchain based on substrate that is a foundational piece of MATH's plan to build a multi-chain asset hub. Continue Reading MathChain release whitepaper v2 and roadmap The crypto market has been very hot this past year: multiple cryptocurrencies have traded at all-time highs, and popular brands like Tesla and PayPal enabling cryptocurrency transactions has helped to drive more mainstream users to embrace cryptocurrency. At the same time, entry barriers still exist. MATH has identified these barriers and ways to eliminate them for the ease of mainstream consumer adoption. It is worth noting that although adoption of Ethereum has proven the value of DeFi, DeFi on Ethereum can be likened to Mercedes-Benz and BMW in traditional car companies: luxury products bought by the rich, but merely an aspirational dream for the average user. Looking at history, the biggest and most competitive market has been the mass market, where the products made by Volkswagen, Toyota, Ford and others are sold in large volume to serve the everyday needs of most consumers. Reflecting back on the blockchain world, there is an unmet demand for various Layer2 networks whose target users are everyday people. This is the main reason why MATH started the MathChain Layer2 blockchain network. MathChainhas three main objectives:1. MathChain is committed to reducing the entry threshold for ordinary users. For example, the existing mnemonic or private key is just like a car with a manual transmission, in that it requires a person to practice in order to know how to operate it and drive safely, and each one is slightly different to drive. This creates a large entry barrier for most users that are simply looking to get themselves (or their transactions) from point A to point B. The team at MATH believes there is an easier way, an "automatic transmission" for crypto wallets: called the SmartChain Wallet. With SmartChain Wallet, MATH is building a SecretStore module on MathChain which will allow new crypto users to create a decentralized wallet with their social platform accounts. 2. MathChain is committed to supporting multi-chains and can connect to all Layer2 networks. These provide a solution similar to an automobile service center or gas station: a safe, efficient and easy experience that facilitates the consumer's regular use of their automobile. When users require low latency transactions, MathChain uses Layer2 networks to do just that. Layer2 networks improves the user experience in a number of ways, through a product called MathHub. MathHub allows users to leverage the cross-chain capability to exchange different chain assets on MathChain. 3. MathChain is committed to reducing transaction fees to make them more easily affordable for ordinary users. Polkadot's NPoS protocol enables MathChain to significantly reduce fees while maintaining transaction speed. To continue the gas station analogy, this is the difference between having to write a check each time you fill your tank versus simply tapping your contactless payment method. The transaction is quicker, more secure, and verified. The solution, MathPay, will empower MathChain users to use their smart wallet in daily life payment scenarios.MATH's work to achieve these goals is built upon a strong foundation that includes many years of blockchain project technical and operational experience, as well as a user base of over one million.Polkadot is another important cornerstone for the MATH team. The agility of the Substrate framework enables MathChain to retain the functions which the smart wallet originally had to accomplish for smart contracts. The mechanism of parachain sharing security of the Polkadot network is the guarantee of the system, while the native support of cross-chain protocol enables MathChain to complete cross-chain connections.It's helpful to briefly walk through the most distinctive module of MathChain: SecretStore. An extension of Parity, it was originally developed on Ethereum, mainly realizing distributed key management based on Ethereum nodes. The MathChain team is updating its Substrate version, which is similar in structure to Substrate's Offchain Worker module: where Offchain Worker is responsible for oracle data interaction and SecretStore is responsible for automatic distributed management of keys.MATH is simultaneously developing a smart wallet based on MathChain, which offers a number of features: it does not require users to use private keys or mnemonic words; it supports account backup and retrieval through social media accounts; and it also supports on-chain address management, lockup, domain name management and other functions. It is multi-chain supported, too. MathChain only provides support for the account key management layer.In addition, MATH Global Foundation is designing PolkaVault, a data wallet based on MathChain and Filecoin. The data wallet is the future of crypto wallets. Wallets will not only store tokens but also personal data, thus truly becoming an individual's digital asset terminal. PolkaVault will create a "bank" for personal data by combining MathChain's encryption permission management with a storage network provided by Filecoin. The MATH team believes that data storage and exchange will become a breakthrough use case for blockchain in the everyday lives of ordinary users.MathChain also provides support for an EMV environment called MathChain L2, which will bring more product innovations from MathChain, including cross-chain hubs and DeFi products based on smart wallets or data wallets. Many of the best practices on Ethereum can be reused and innovated on in MathChain L2.MathChain has released the Testnet Galois, and MATH welcomes the community to participate in the MathChain Testnet. They will soon launch the community testnet node event and provide treasury incentives. Later on, MATH will airdrop to the MathChain addresses of MathWallet Polkadot users.The final blueprint of blockchain is like many interconnected cities, where each city will gradually develop its own ecosystem and residents, as well as have its own governance system. The MATH Global Foundation believes that MathChain will be the first stop for ordinary users entering the blockchain world."We believe that MathChain will be the bridge between Web 2.0 and Web 3.0, lowering the barriers for new crypto users and also rebuilding the basic infrastructure of wallets, appstores, and "datastores" in the new Web 3.0 metaverse," says MathWallet CTO Eric Yu.About MathWalletMathWallet is a multi-platform (mobile/desktop/hardware) universal crypto wallet that: enables token storage of 60+ chains including BTC, ETH, Polkadot, Filecoin, Solana, BinanceChainetc; and supports cross-chain token exchange, multi-chain dApp store and operates nodes for POS chain.Investors include Fenbushi Capital, Alameda Research, Binance Labs, Fundamental Labs, Multicoin Capital, NGC Ventures.Media Contact: [emailprotected] Related Imagesmathchain.png Mathchain Mathchain release whitepaper v2 and roadmap mathchain-eco.png Mathchain eco Mathchain eco blueprint SOURCE MATH Global Foundation
Answer:
|
MathChain: Build the Blockchain Infrastructure for Mass Adoption MATH Global Foundation has developed MathChain, a foundational piece of MATH's plan to build a multi-chain asset hub.
|
SINGAPORE, April 7, 2021 /PRNewswire/ --MATH Global Foundation, the Singapore based foundation behind the development of MathWallet, has developed MathChain, a Layer 2 blockchain based on substrate that is a foundational piece of MATH's plan to build a multi-chain asset hub. Continue Reading MathChain release whitepaper v2 and roadmap The crypto market has been very hot this past year: multiple cryptocurrencies have traded at all-time highs, and popular brands like Tesla and PayPal enabling cryptocurrency transactions has helped to drive more mainstream users to embrace cryptocurrency. At the same time, entry barriers still exist. MATH has identified these barriers and ways to eliminate them for the ease of mainstream consumer adoption. It is worth noting that although adoption of Ethereum has proven the value of DeFi, DeFi on Ethereum can be likened to Mercedes-Benz and BMW in traditional car companies: luxury products bought by the rich, but merely an aspirational dream for the average user. Looking at history, the biggest and most competitive market has been the mass market, where the products made by Volkswagen, Toyota, Ford and others are sold in large volume to serve the everyday needs of most consumers. Reflecting back on the blockchain world, there is an unmet demand for various Layer2 networks whose target users are everyday people. This is the main reason why MATH started the MathChain Layer2 blockchain network. MathChainhas three main objectives:1. MathChain is committed to reducing the entry threshold for ordinary users. For example, the existing mnemonic or private key is just like a car with a manual transmission, in that it requires a person to practice in order to know how to operate it and drive safely, and each one is slightly different to drive. This creates a large entry barrier for most users that are simply looking to get themselves (or their transactions) from point A to point B. The team at MATH believes there is an easier way, an "automatic transmission" for crypto wallets: called the SmartChain Wallet. With SmartChain Wallet, MATH is building a SecretStore module on MathChain which will allow new crypto users to create a decentralized wallet with their social platform accounts. 2. MathChain is committed to supporting multi-chains and can connect to all Layer2 networks. These provide a solution similar to an automobile service center or gas station: a safe, efficient and easy experience that facilitates the consumer's regular use of their automobile. When users require low latency transactions, MathChain uses Layer2 networks to do just that. Layer2 networks improves the user experience in a number of ways, through a product called MathHub. MathHub allows users to leverage the cross-chain capability to exchange different chain assets on MathChain. 3. MathChain is committed to reducing transaction fees to make them more easily affordable for ordinary users. Polkadot's NPoS protocol enables MathChain to significantly reduce fees while maintaining transaction speed. To continue the gas station analogy, this is the difference between having to write a check each time you fill your tank versus simply tapping your contactless payment method. The transaction is quicker, more secure, and verified. The solution, MathPay, will empower MathChain users to use their smart wallet in daily life payment scenarios.MATH's work to achieve these goals is built upon a strong foundation that includes many years of blockchain project technical and operational experience, as well as a user base of over one million.Polkadot is another important cornerstone for the MATH team. The agility of the Substrate framework enables MathChain to retain the functions which the smart wallet originally had to accomplish for smart contracts. The mechanism of parachain sharing security of the Polkadot network is the guarantee of the system, while the native support of cross-chain protocol enables MathChain to complete cross-chain connections.It's helpful to briefly walk through the most distinctive module of MathChain: SecretStore. An extension of Parity, it was originally developed on Ethereum, mainly realizing distributed key management based on Ethereum nodes. The MathChain team is updating its Substrate version, which is similar in structure to Substrate's Offchain Worker module: where Offchain Worker is responsible for oracle data interaction and SecretStore is responsible for automatic distributed management of keys.MATH is simultaneously developing a smart wallet based on MathChain, which offers a number of features: it does not require users to use private keys or mnemonic words; it supports account backup and retrieval through social media accounts; and it also supports on-chain address management, lockup, domain name management and other functions. It is multi-chain supported, too. MathChain only provides support for the account key management layer.In addition, MATH Global Foundation is designing PolkaVault, a data wallet based on MathChain and Filecoin. The data wallet is the future of crypto wallets. Wallets will not only store tokens but also personal data, thus truly becoming an individual's digital asset terminal. PolkaVault will create a "bank" for personal data by combining MathChain's encryption permission management with a storage network provided by Filecoin. The MATH team believes that data storage and exchange will become a breakthrough use case for blockchain in the everyday lives of ordinary users.MathChain also provides support for an EMV environment called MathChain L2, which will bring more product innovations from MathChain, including cross-chain hubs and DeFi products based on smart wallets or data wallets. Many of the best practices on Ethereum can be reused and innovated on in MathChain L2.MathChain has released the Testnet Galois, and MATH welcomes the community to participate in the MathChain Testnet. They will soon launch the community testnet node event and provide treasury incentives. Later on, MATH will airdrop to the MathChain addresses of MathWallet Polkadot users.The final blueprint of blockchain is like many interconnected cities, where each city will gradually develop its own ecosystem and residents, as well as have its own governance system. The MATH Global Foundation believes that MathChain will be the first stop for ordinary users entering the blockchain world."We believe that MathChain will be the bridge between Web 2.0 and Web 3.0, lowering the barriers for new crypto users and also rebuilding the basic infrastructure of wallets, appstores, and "datastores" in the new Web 3.0 metaverse," says MathWallet CTO Eric Yu.About MathWalletMathWallet is a multi-platform (mobile/desktop/hardware) universal crypto wallet that: enables token storage of 60+ chains including BTC, ETH, Polkadot, Filecoin, Solana, BinanceChainetc; and supports cross-chain token exchange, multi-chain dApp store and operates nodes for POS chain.Investors include Fenbushi Capital, Alameda Research, Binance Labs, Fundamental Labs, Multicoin Capital, NGC Ventures.Media Contact: [emailprotected] Related Imagesmathchain.png Mathchain Mathchain release whitepaper v2 and roadmap mathchain-eco.png Mathchain eco Mathchain eco blueprint SOURCE MATH Global Foundation
|
edtsum3667
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: AMES, Iowa--(BUSINESS WIRE)--Workiva Inc. (NYSE:WK), the company that simplifies complex work, today announced that it has upgraded its entire global customer base to its next generation Workiva Cloud Platform. The new platform is more open, intelligent and intuitive than its predecessor, enabling organizations around the world to improve how they connect data and teams and streamline processes. Our new platform is more open and scalable, said Workiva Chief Operating Officer Julie Iskow. We can now more quickly build and deliver new fit-for-purpose solutions that solve specific business problems and play a broader role in our customers digital transformation initiatives. Workivas new SaaS platform is built with a microservices architecture that enables rapid development and deployment of new solutions, rich APIs and platform features and functionality. Using Workivas open APIs, customers integrate data from outside systems of record directly into the platform, where they automate data and workflow updates, track every change and seamlessly collaborate with colleagues around the world to create trusted reports and regulatory filings. Recent customer solutions built on the new platform include Federal Energy Regulatory Commission (FERC) Reporting and Global Statutory Reporting. Additionally, Workivas partners, which include over 200 global consulting firms, technology firms and regional consulting firms, are creating new solutions and services on top of the Workiva platform to solve their customers unique business challenges. Our partners are instrumental in deploying our platform as a critical component in digital transformations across global enterprises, added Iskow. About Workiva Workiva Inc. (NYSE: WK) simplifies complex work for thousands of organizations worldwide. Customers trust Workivas open, intelligent and intuitive platform to connect data, documents and teams. The results: improved efficiency, greater transparency and less risk. Learn more at workiva.com. Request a Workiva demo: www.workiva.com/request-demo Read the Workiva blog: www.workiva.com/blog Follow Workiva on LinkedIn: www.linkedin.com/company/workiva Like Workiva on Facebook: www.facebook.com/workiva/ Follow Workiva on Twitter: www.twitter.com/Workiva Follow Workiva on Instagram: www.instagram.com/workivalife
Answer:
|
Workiva Upgrades All Customers to its Next Generation Cloud Platform Workiva Cloud Platform Allows for Rapid Development and Deployment of New Solutions and Capabilities, Enabling Organizations to Simplify More of Their Complex Work
|
AMES, Iowa--(BUSINESS WIRE)--Workiva Inc. (NYSE:WK), the company that simplifies complex work, today announced that it has upgraded its entire global customer base to its next generation Workiva Cloud Platform. The new platform is more open, intelligent and intuitive than its predecessor, enabling organizations around the world to improve how they connect data and teams and streamline processes. Our new platform is more open and scalable, said Workiva Chief Operating Officer Julie Iskow. We can now more quickly build and deliver new fit-for-purpose solutions that solve specific business problems and play a broader role in our customers digital transformation initiatives. Workivas new SaaS platform is built with a microservices architecture that enables rapid development and deployment of new solutions, rich APIs and platform features and functionality. Using Workivas open APIs, customers integrate data from outside systems of record directly into the platform, where they automate data and workflow updates, track every change and seamlessly collaborate with colleagues around the world to create trusted reports and regulatory filings. Recent customer solutions built on the new platform include Federal Energy Regulatory Commission (FERC) Reporting and Global Statutory Reporting. Additionally, Workivas partners, which include over 200 global consulting firms, technology firms and regional consulting firms, are creating new solutions and services on top of the Workiva platform to solve their customers unique business challenges. Our partners are instrumental in deploying our platform as a critical component in digital transformations across global enterprises, added Iskow. About Workiva Workiva Inc. (NYSE: WK) simplifies complex work for thousands of organizations worldwide. Customers trust Workivas open, intelligent and intuitive platform to connect data, documents and teams. The results: improved efficiency, greater transparency and less risk. Learn more at workiva.com. Request a Workiva demo: www.workiva.com/request-demo Read the Workiva blog: www.workiva.com/blog Follow Workiva on LinkedIn: www.linkedin.com/company/workiva Like Workiva on Facebook: www.facebook.com/workiva/ Follow Workiva on Twitter: www.twitter.com/Workiva Follow Workiva on Instagram: www.instagram.com/workivalife
|
edtsum3673
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: BOSTON, April 15, 2021 /PRNewswire/ -- Houghton Mifflin Harcourt (HMH) (NASDAQ: HMHC) today announced that it will release its first quarter 2021 financial and operating results on Thursday, May 6, 2021, before the market opens. At 9:30 a.m. ET on Thursday, May 6, 2021, HMH will also host a conference call to discuss the results with its investors. The call will be webcast live at ir.hmhco.com. The following information is provided for investors who would like to participate: Toll Free:(844) 835-6565 International:(484) 653-6719 Passcode:4741847Moderator:Brian Shipman, Senior Vice President, Investor RelationsWebcast Link:https://edge.media-server.com/mmc/p/fpqj4zrf An archived webcast with the accompanying slides will be available atir.hmhco.comfor one year for those unable to participate in the live event. An audio replay of this conference call will also be available until May 16, 2021 via the following telephone numbers: (855) 859-2056 in the United States and (404) 537-3406 internationally using passcode 4741847. About Houghton Mifflin Harcourt Houghton Mifflin Harcourt (Nasdaq: HMHC) is a learning technology company committed to delivering connected solutions that engage learners, empower educators and improve student outcomes. As a leading provider of K12 core curriculum, supplemental and intervention solutions and professional learning services, HMH partners with educators and school districts to uncover solutions that unlock students' potential and extend teachers' capabilities. HMH serves more than 50 million students and 3 million educators in 150 countries, while its award-winning children's books, novels, non-fiction, and reference titles are enjoyed by readers throughout the world. For more information, visit www.hmhco.com. Follow HMH onTwitter,FacebookandYouTube. Forward-Looking Statements The statements contained herein include forward-looking statements, which involve risks and uncertainties. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes," "estimates," "projects," "anticipates," "expects," "could," "intends," "may," "will," "should," "forecast," "intend," "plan," "potential," "project," "target" or, in each case, their negative, or other variations or comparable terminology. Forward-looking statements include all statements that are not statements of historical facts, including statements regarding our efforts to execute on our Digital First, Connected growth strategy, to establish ourselves as a pure-play K-12 learning technology company and to generate free cash flow. They include statements regarding our intentions, beliefs or current expectations concerning, among other things, the impact of the actions described in this press release; our results of operations; financial condition; liquidity; prospects, growth and strategies; the expected impact of the COVID-19 pandemic; the timing, structure and expected impact of our operational efficiency and cost-reduction initiatives and the estimated savings and amounts expected to be incurred in connection therewith; and potential business decisions. We derive many of our forward-looking statements from our operating budgets and forecasts, which are based upon many detailed assumptions. We caution that it is very difficult to predict the impact of known factors, and, of course, it is impossible for us to anticipate all factors that could affect our actual results. All forward-looking statements are based upon information available to us on the date of this report. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We caution you that forward-looking statements are not guarantees of future performance and that actual results may differ materially from those made in or suggested by the forward-looking statements contained herein. In addition, even if actual results are consistent with the forward-looking statements contained herein, those results or developments may not be indicative of results or developments in subsequent periods. Important factors that could cause actual results to vary from expectations include, but are not limited to: the duration and severity of the COVID-19 pandemic and its impact on the federal, state and local economies and on K12 schools; any delays in receiving required regulatory approvals in connection with our recently announced agreement to sell the HMH Books & Media business or in satisfying other closing conditions and any disruptions in the global credit and financial markets that could have a negative impact on the completion of the proposed transaction; any disruption resulting from the proposed transaction that adversely affects our businesses and business relationships, including with employees and suppliers; the rate and state of technological change; state requirements related to digital instructional materials; our ability to execute on our Digital First, Connected growth strategy; increases in our operating costs; management and personnel changes; timing, higher costs and unintended consequences of our operational efficiency and cost-reduction initiatives; and other factors discussed in our news releases, public statements and/or filings with the U.S. Securities and Exchange Commission, including our most recent Annual and Quarterly Reports on Form 10-K and Form 10-Q. In light of these risks, uncertainties and assumptions, the forward-looking events described herein may not occur. We undertake no obligation, and do not expect, to publicly update or publicly revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. All subsequent written and oral forward-looking statements attributable to us or to persons acting on our behalf are expressly qualified in their entirety by the cautionary statements contained herein. CONTACT Investor Relations Brian S. Shipman, CFA SVP, Investor Relations 212-592-1177 [emailprotected] Media RelationsBianca OlsonSVP, Corporate Affairs617-351-3841[emailprotected] SOURCE Houghton Mifflin Harcourt Related Links http://www.hmhco.com
Answer:
|
Houghton Mifflin Harcourt Schedules Conference Call to Discuss First Quarter 2021 Results
|
BOSTON, April 15, 2021 /PRNewswire/ -- Houghton Mifflin Harcourt (HMH) (NASDAQ: HMHC) today announced that it will release its first quarter 2021 financial and operating results on Thursday, May 6, 2021, before the market opens. At 9:30 a.m. ET on Thursday, May 6, 2021, HMH will also host a conference call to discuss the results with its investors. The call will be webcast live at ir.hmhco.com. The following information is provided for investors who would like to participate: Toll Free:(844) 835-6565 International:(484) 653-6719 Passcode:4741847Moderator:Brian Shipman, Senior Vice President, Investor RelationsWebcast Link:https://edge.media-server.com/mmc/p/fpqj4zrf An archived webcast with the accompanying slides will be available atir.hmhco.comfor one year for those unable to participate in the live event. An audio replay of this conference call will also be available until May 16, 2021 via the following telephone numbers: (855) 859-2056 in the United States and (404) 537-3406 internationally using passcode 4741847. About Houghton Mifflin Harcourt Houghton Mifflin Harcourt (Nasdaq: HMHC) is a learning technology company committed to delivering connected solutions that engage learners, empower educators and improve student outcomes. As a leading provider of K12 core curriculum, supplemental and intervention solutions and professional learning services, HMH partners with educators and school districts to uncover solutions that unlock students' potential and extend teachers' capabilities. HMH serves more than 50 million students and 3 million educators in 150 countries, while its award-winning children's books, novels, non-fiction, and reference titles are enjoyed by readers throughout the world. For more information, visit www.hmhco.com. Follow HMH onTwitter,FacebookandYouTube. Forward-Looking Statements The statements contained herein include forward-looking statements, which involve risks and uncertainties. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes," "estimates," "projects," "anticipates," "expects," "could," "intends," "may," "will," "should," "forecast," "intend," "plan," "potential," "project," "target" or, in each case, their negative, or other variations or comparable terminology. Forward-looking statements include all statements that are not statements of historical facts, including statements regarding our efforts to execute on our Digital First, Connected growth strategy, to establish ourselves as a pure-play K-12 learning technology company and to generate free cash flow. They include statements regarding our intentions, beliefs or current expectations concerning, among other things, the impact of the actions described in this press release; our results of operations; financial condition; liquidity; prospects, growth and strategies; the expected impact of the COVID-19 pandemic; the timing, structure and expected impact of our operational efficiency and cost-reduction initiatives and the estimated savings and amounts expected to be incurred in connection therewith; and potential business decisions. We derive many of our forward-looking statements from our operating budgets and forecasts, which are based upon many detailed assumptions. We caution that it is very difficult to predict the impact of known factors, and, of course, it is impossible for us to anticipate all factors that could affect our actual results. All forward-looking statements are based upon information available to us on the date of this report. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We caution you that forward-looking statements are not guarantees of future performance and that actual results may differ materially from those made in or suggested by the forward-looking statements contained herein. In addition, even if actual results are consistent with the forward-looking statements contained herein, those results or developments may not be indicative of results or developments in subsequent periods. Important factors that could cause actual results to vary from expectations include, but are not limited to: the duration and severity of the COVID-19 pandemic and its impact on the federal, state and local economies and on K12 schools; any delays in receiving required regulatory approvals in connection with our recently announced agreement to sell the HMH Books & Media business or in satisfying other closing conditions and any disruptions in the global credit and financial markets that could have a negative impact on the completion of the proposed transaction; any disruption resulting from the proposed transaction that adversely affects our businesses and business relationships, including with employees and suppliers; the rate and state of technological change; state requirements related to digital instructional materials; our ability to execute on our Digital First, Connected growth strategy; increases in our operating costs; management and personnel changes; timing, higher costs and unintended consequences of our operational efficiency and cost-reduction initiatives; and other factors discussed in our news releases, public statements and/or filings with the U.S. Securities and Exchange Commission, including our most recent Annual and Quarterly Reports on Form 10-K and Form 10-Q. In light of these risks, uncertainties and assumptions, the forward-looking events described herein may not occur. We undertake no obligation, and do not expect, to publicly update or publicly revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. All subsequent written and oral forward-looking statements attributable to us or to persons acting on our behalf are expressly qualified in their entirety by the cautionary statements contained herein. CONTACT Investor Relations Brian S. Shipman, CFA SVP, Investor Relations 212-592-1177 [emailprotected] Media RelationsBianca OlsonSVP, Corporate Affairs617-351-3841[emailprotected] SOURCE Houghton Mifflin Harcourt Related Links http://www.hmhco.com
|
edtsum3691
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: BOSTON--(BUSINESS WIRE)--MackeyRMS, a provider of SaaS-based research management software engineered to optimize the way fundamental analysts and portfolio managers generate, share, debate and act on proprietary investment research, today announced record growth in 2020 driven by surging buy-side demand for work-from-anywhere applications that support front-office investment teams. We are grateful that our cloud-based platform and talented team were in a position to help our clients make a seamless and effective switch to remote working in a particularly tumultuous year, said Chris Mackey, founder and CEO of MackeyRMS. As the front-office investment teams we serve continue to work remotely in some capacity in 2021, the need for work-from-anywhere technologies has only increased. Mackey is committed to building off the momentum of 2020 and empowering investment teams for many years to come." Mackey milestones for 2020 include: Client Growth: Mackey saw double-digit client growth in 2020, with key client wins across APAC, EMEA and the Americas, user expansion across several top clients, remote implementation of a top-10 asset manager and further expansion of its asset owner client segment. Platform Usage Increase: 2020 was a global stress test across all buy-side front-office processes and systems as investment teams worldwide had to abruptly switch to working from home. During that time, overall platform usage remained steady as clients were able to make the switch seamlessly. The firm also saw a significant usage spike in its mobile application as well as an increase in new research content authored within the Mackey platform, as opposed to being entered into the system through a third-party application. Product Innovation: Mackey launched a newly redesigned mobile app suite for iOS and Android devices to meet client demand after seeing a spike in its mobile application usage by as much as 50 percent in the first half of 2020. The suite was reengineered to provide users powerful, full-featured RMS capability from their mobile device, including access to their firms full research library and functionality online and offline. The update resulted in a 63 percent increase in mobile app usage in the second half of 2020, compared to the first six months of the year. The mobile update was followed by a series of key software developments, including integrations with all major messaging applications (Symphony, MS Teams and Slack), new workflow automation features, and connection via API with the Refinitiv Fundamentals data package. Industry-Leading Research: Mackey released the results of its 2020 Investor Survey: Modernizing Research Management. The report surveyed a total of 100 investing, technology, operations and compliance professionals in the asset management industry to assess their views and plans for improving internal research management. The survey found clear indications of an industry-wide desire to modernize the research management process due to the need for accessibility, transparency, and work-from-anywhere capability. Industry Recognition: Mackey was recognized through a variety of industry awards and publications, underscoring the companys innovative and timely service offering. The company was shortlisted in 10 award categories throughout the year, including Best RMS, Best Front-Office Technology Provider, Best Cloud-Based Front-Office Solution, and Most Innovative Tech Firm. Mackeys Ashley Butler was also named a finalist in Markets Medias 2020 Women in Finance Markets Choice Awards. In 2021, MackeyRMS will continue to develop innovative solutions to help fundamental analysts and portfolio managers optimize the way they generate, share, debate and act on proprietary investment research. About MackeyRMS MackeyRMS is a SaaS-based research management platform engineered to optimize the way analysts and portfolio managers generate, share, debate and act on investment research conducted for actively managed portfolios. Relied upon as a single system of record for research supporting the investment process, Mackey is used by many of the worlds leading investment managers to organize key investment workflows, engender trust from investors, and streamline regulatory and compliance oversight. Mackey is used by institutional asset managers and asset owners across the Americas, EMEA and APAC regions. For more information, please visit: www.mackeyrms.com.
Answer:
|
MackeyRMS Reaches Significant Milestones and Experiences Record Growth in 2020 New client wins driven by surging buy-side demand for work-from-anywhere applications that support front-office investment teams
|
BOSTON--(BUSINESS WIRE)--MackeyRMS, a provider of SaaS-based research management software engineered to optimize the way fundamental analysts and portfolio managers generate, share, debate and act on proprietary investment research, today announced record growth in 2020 driven by surging buy-side demand for work-from-anywhere applications that support front-office investment teams. We are grateful that our cloud-based platform and talented team were in a position to help our clients make a seamless and effective switch to remote working in a particularly tumultuous year, said Chris Mackey, founder and CEO of MackeyRMS. As the front-office investment teams we serve continue to work remotely in some capacity in 2021, the need for work-from-anywhere technologies has only increased. Mackey is committed to building off the momentum of 2020 and empowering investment teams for many years to come." Mackey milestones for 2020 include: Client Growth: Mackey saw double-digit client growth in 2020, with key client wins across APAC, EMEA and the Americas, user expansion across several top clients, remote implementation of a top-10 asset manager and further expansion of its asset owner client segment. Platform Usage Increase: 2020 was a global stress test across all buy-side front-office processes and systems as investment teams worldwide had to abruptly switch to working from home. During that time, overall platform usage remained steady as clients were able to make the switch seamlessly. The firm also saw a significant usage spike in its mobile application as well as an increase in new research content authored within the Mackey platform, as opposed to being entered into the system through a third-party application. Product Innovation: Mackey launched a newly redesigned mobile app suite for iOS and Android devices to meet client demand after seeing a spike in its mobile application usage by as much as 50 percent in the first half of 2020. The suite was reengineered to provide users powerful, full-featured RMS capability from their mobile device, including access to their firms full research library and functionality online and offline. The update resulted in a 63 percent increase in mobile app usage in the second half of 2020, compared to the first six months of the year. The mobile update was followed by a series of key software developments, including integrations with all major messaging applications (Symphony, MS Teams and Slack), new workflow automation features, and connection via API with the Refinitiv Fundamentals data package. Industry-Leading Research: Mackey released the results of its 2020 Investor Survey: Modernizing Research Management. The report surveyed a total of 100 investing, technology, operations and compliance professionals in the asset management industry to assess their views and plans for improving internal research management. The survey found clear indications of an industry-wide desire to modernize the research management process due to the need for accessibility, transparency, and work-from-anywhere capability. Industry Recognition: Mackey was recognized through a variety of industry awards and publications, underscoring the companys innovative and timely service offering. The company was shortlisted in 10 award categories throughout the year, including Best RMS, Best Front-Office Technology Provider, Best Cloud-Based Front-Office Solution, and Most Innovative Tech Firm. Mackeys Ashley Butler was also named a finalist in Markets Medias 2020 Women in Finance Markets Choice Awards. In 2021, MackeyRMS will continue to develop innovative solutions to help fundamental analysts and portfolio managers optimize the way they generate, share, debate and act on proprietary investment research. About MackeyRMS MackeyRMS is a SaaS-based research management platform engineered to optimize the way analysts and portfolio managers generate, share, debate and act on investment research conducted for actively managed portfolios. Relied upon as a single system of record for research supporting the investment process, Mackey is used by many of the worlds leading investment managers to organize key investment workflows, engender trust from investors, and streamline regulatory and compliance oversight. Mackey is used by institutional asset managers and asset owners across the Americas, EMEA and APAC regions. For more information, please visit: www.mackeyrms.com.
|
edtsum3705
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, Aug. 12, 2020 /PRNewswire/ --Pornhub, the premier online destination for adult entertainment, announced the launch of its "Orgasm Gap" campaign in honor of International Female Orgasm Day, an initiative geared toward closing the orgasm gap in heterosexual relationships. As part of the campaign, on August 8th, Pornhub interrupted videos most popular with straight men at the 40% timestamp to highlight the percentage of women in heterosexual relationships who do not reach orgasm during sex. Additionally, to motivate straight men to take care of unfinished business, Pornhub invited women to visit the campaign's landing page to reward the men who successfully made them climax with an official orgasm giver certification. Studies have found that only 60% of heterosexual women reach orgasm during sex, while more than 85% of queer couples reach orgasm together. Research also indicates that women experience orgasm much more frequently and quickly while masturbating than with a male partner. To raise awareness for the orgasm gap, Pornhub will interrupt videos most viewed by straight men at the 40% mark over the weekend so that they can share in this frustration as well. "In straight relationships, women are still getting the short end of the stick in nearly half of all of their sexual encounters.The party shouldn't end as soon as the man reaches orgasm, which is why we're encouraging straight men to do their research to ensure everyone gets over the finish line," said Corey Price, VP, Pornhub. For more information on the campaign, please visit www.endtheorgasmgap.com. About Pornhub:Founded in 2007, Pornhub is the leading free, ad-supported adult video streaming website, offering viewers the opportunity to upload and share their own videos. With over 12 million videos and over 130 million visitors a day, Pornhub truly is the best adult site in the world. Pornhub has built the largest dedicated membership base in the adult community, averaging over 76 million monthly active members, offering viewers a fun and sophisticated social experience directly in site, complete with messaging, photos, achievement badges. SOURCE Pornhub
Answer:
|
Pornhub Celebrates International Female Orgasm Day by Pausing Videos Most Viewed by Straight Men at 40% to Shed Light on Gender Orgasm Gap To Encourage Men to Take Care of Unfinished Business, Women are Invited to Officially Certify Their Orgasm Givers
|
NEW YORK, Aug. 12, 2020 /PRNewswire/ --Pornhub, the premier online destination for adult entertainment, announced the launch of its "Orgasm Gap" campaign in honor of International Female Orgasm Day, an initiative geared toward closing the orgasm gap in heterosexual relationships. As part of the campaign, on August 8th, Pornhub interrupted videos most popular with straight men at the 40% timestamp to highlight the percentage of women in heterosexual relationships who do not reach orgasm during sex. Additionally, to motivate straight men to take care of unfinished business, Pornhub invited women to visit the campaign's landing page to reward the men who successfully made them climax with an official orgasm giver certification. Studies have found that only 60% of heterosexual women reach orgasm during sex, while more than 85% of queer couples reach orgasm together. Research also indicates that women experience orgasm much more frequently and quickly while masturbating than with a male partner. To raise awareness for the orgasm gap, Pornhub will interrupt videos most viewed by straight men at the 40% mark over the weekend so that they can share in this frustration as well. "In straight relationships, women are still getting the short end of the stick in nearly half of all of their sexual encounters.The party shouldn't end as soon as the man reaches orgasm, which is why we're encouraging straight men to do their research to ensure everyone gets over the finish line," said Corey Price, VP, Pornhub. For more information on the campaign, please visit www.endtheorgasmgap.com. About Pornhub:Founded in 2007, Pornhub is the leading free, ad-supported adult video streaming website, offering viewers the opportunity to upload and share their own videos. With over 12 million videos and over 130 million visitors a day, Pornhub truly is the best adult site in the world. Pornhub has built the largest dedicated membership base in the adult community, averaging over 76 million monthly active members, offering viewers a fun and sophisticated social experience directly in site, complete with messaging, photos, achievement badges. SOURCE Pornhub
|
edtsum3708
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: DUBLIN--(BUSINESS WIRE)--The "The Global Market for Nanocoatings in the Medical Industry 2021" report has been added to ResearchAndMarkets.com's offering. In medical and healthcare facilities it is necessary to equip materials and surfaces with a high level of hygiene using antimicrobial agents to protect them against bacteria and other micro organisms to prevent infections caused by bacteria and contribute significantly to reduce health costs. Challenges in medical device coatings include: Benefits of nanoscale coatings in this sector include long lasting antimicrobial effect, constant release of the active substance, effectiveness against bacteria and other micro-organisms, no chemical impurities, easy processing, no changes to the characteristics of the equipped material, and no later discolouration of the equipped material. Nanocoatings are already finding application in life sciences & healthcare in enabling anti-bacterial surfaces for medical catheters, added to paints and lacquers used to coat operating tables, door knobs and door handles in hospitals and as ultra-hard porous coatings for surgical and orthopedic implants like screws, plates or joint implants. The medical market will be a high growth area for nanoscale coatings over the next 5-10 years, and this is reflected in the high number of companies exploiting technology in this area, especially in the anti-microbial domain. The main market driver in this area is the prevention of the spread of deadly infections in medical facilities. Drug-resistant bacteria, the so-called "superbugs," are a growing problem in hospitals worldwide and poor hygiene among staff is often blamed for the spread of such infections. Report contents include: Key Topics Covered: 1 EXECUTIVE SUMMARY 2 NANOCOATINGS TECHNICAL ANALYSIS 2.1 Properties of nanocoatings 2.2 Benefits of using nanocoatings 2.2.1 Types of nanocoatings 2.3 Production and synthesis methods 3 NANOMATERIALS IN MEDICAL NANOCOATINGS 3.1 Metallic-based coatings 3.2 Polymer-based coatings 3.3 Graphene 3.3.1 Properties 3.3.2 Graphene oxide 3.3.2.1 Anti-bacterial activity 3.3.2.2 Anti-viral activity 3.3.3 Reduced graphene oxide (rGO) 3.3.4 Application in medical and healthcare 3.3.4.1 Anti-microbial wound dressings 3.3.4.2 Medical textiles 3.3.4.3 Anti-microbial medical devices and implants 3.4 Silicon dioxide/silica nanoparticles (Nano-SiO2) 3.4.1 Properties 3.4.2 Application in medical and healthcare 3.4.2.1 Antimicrobial and antiviral activity 3.4.2.2 Easy-clean and dirt repellent coatings 3.5 Silver nanoparticles (Ag-NPs) 3.5.1 Properties 3.5.2 Application in medical nanocoatings 3.5.2.1 Textiles 3.5.2.2 Wound dressings 3.5.2.3 Air filtration 3.5.3 Companies 3.6 Titanium Dioxide nanoparticles (TiO2-NPs) 3.6.1 Properties 3.6.1.1 Exterior and construction glass coatings 3.6.1.2 Outdoor air pollution 3.6.1.3 Interior coatings 3.6.1.4 Improving indoor air quality 3.6.1.5 Medical facilities 3.6.2 Application in medical nanocoatings 3.6.2.1 Antimicrobial coating indoor light activation 3.7 Nano-Zinc oxide (nano-ZnO/ ZnO-NPs) 3.7.1 Properties 3.7.2 Application in medical nanocoatings 3.7.2.1 Sterilization dressings 3.7.2.2 Anti-bacterial surfaces in construction and building ceramics and glass 3.7.2.3 Antimicrobial packaging 3.7.2.4 Anti-bacterial textiles 3.8 Nanocellulose 3.8.1 Properties 3.8.2 Application in medical nanocoatings 3.8.2.1 Cellulose nanofibers 3.8.2.2 Cellulose nanocrystals (CNC) 3.9 Carbon nanotubes 3.9.1 Properties 3.9.2 Application in medical nanocoatings 3.10 Fullerenes 3.10.1 Properties 3.10.2 Application in medical nanocoatings 3.11 Copper nanoparticles (Cu-NPs) 3.11.1 Properties 3.11.2 Application in medical nanocoatings 3.11.3 Companies 3.12 Gold nanoparticles (Au-NPs) 3.12.1 Properties 3.12.2 Application in medical nanocoatings 3.13 Chitosan nanoparticles 3.13.1 Properties 3.13.2 Application in medical nanocoatings 3.13.2.1 Wound dressings 3.14 Hydrophobic and Hydrophilic coatings and surfaces 3.14.1 Hydrophilic coatings 3.14.2 Hydrophobic coatings 3.14.2.1 Properties 3.14.2.2 Application in facemasks 3.15 Superhydrophobic coatings and surfaces 3.15.1 Properties 3.15.1.1 Anti-microbial use 3.15.1.2 Durability issues 3.15.1.3 Nanocellulose 3.16 Oleophobic and omniphobic coatings and surfaces 3.16.1 SLIPS 3.16.2 Covalent bonding 3.16.3 Step-growth graft polymerization 3.16.4 Applications 4 MARKET SEGMENT ANALYSIS, MEDICAL COATINGS MARKET 4.1 ANTI-MICROBIAL, ANTI-VIRAL AND ANTI-FUNGAL NANOCOATINGS 4.2 ANTI-FOULING AND EASY-TO-CLEAN NANOCOATINGS 4.3 SELF-CLEANING (BIONIC) NANOCOATINGS 4.4 SELF-CLEANING (PHOTOCATALYTIC) NANOCOATINGS 4.5 ANTI-FOGGING COATINGS 5 COMPANY PROFILES 6 RESEARCH METHODOLOGY 6.1 Aims and objectives of the study 6.2 Market definition 6.2.1 Properties of nanomaterials 6.2.2 Categorization 7 REFERENCES For more information about this report visit https://www.researchandmarkets.com/r/982uei
Answer:
|
Global Market for Nanocoatings in the Medical Industry (2021 to 2030) - Profiles of 107 Companies - ResearchAndMarkets.com
|
DUBLIN--(BUSINESS WIRE)--The "The Global Market for Nanocoatings in the Medical Industry 2021" report has been added to ResearchAndMarkets.com's offering. In medical and healthcare facilities it is necessary to equip materials and surfaces with a high level of hygiene using antimicrobial agents to protect them against bacteria and other micro organisms to prevent infections caused by bacteria and contribute significantly to reduce health costs. Challenges in medical device coatings include: Benefits of nanoscale coatings in this sector include long lasting antimicrobial effect, constant release of the active substance, effectiveness against bacteria and other micro-organisms, no chemical impurities, easy processing, no changes to the characteristics of the equipped material, and no later discolouration of the equipped material. Nanocoatings are already finding application in life sciences & healthcare in enabling anti-bacterial surfaces for medical catheters, added to paints and lacquers used to coat operating tables, door knobs and door handles in hospitals and as ultra-hard porous coatings for surgical and orthopedic implants like screws, plates or joint implants. The medical market will be a high growth area for nanoscale coatings over the next 5-10 years, and this is reflected in the high number of companies exploiting technology in this area, especially in the anti-microbial domain. The main market driver in this area is the prevention of the spread of deadly infections in medical facilities. Drug-resistant bacteria, the so-called "superbugs," are a growing problem in hospitals worldwide and poor hygiene among staff is often blamed for the spread of such infections. Report contents include: Key Topics Covered: 1 EXECUTIVE SUMMARY 2 NANOCOATINGS TECHNICAL ANALYSIS 2.1 Properties of nanocoatings 2.2 Benefits of using nanocoatings 2.2.1 Types of nanocoatings 2.3 Production and synthesis methods 3 NANOMATERIALS IN MEDICAL NANOCOATINGS 3.1 Metallic-based coatings 3.2 Polymer-based coatings 3.3 Graphene 3.3.1 Properties 3.3.2 Graphene oxide 3.3.2.1 Anti-bacterial activity 3.3.2.2 Anti-viral activity 3.3.3 Reduced graphene oxide (rGO) 3.3.4 Application in medical and healthcare 3.3.4.1 Anti-microbial wound dressings 3.3.4.2 Medical textiles 3.3.4.3 Anti-microbial medical devices and implants 3.4 Silicon dioxide/silica nanoparticles (Nano-SiO2) 3.4.1 Properties 3.4.2 Application in medical and healthcare 3.4.2.1 Antimicrobial and antiviral activity 3.4.2.2 Easy-clean and dirt repellent coatings 3.5 Silver nanoparticles (Ag-NPs) 3.5.1 Properties 3.5.2 Application in medical nanocoatings 3.5.2.1 Textiles 3.5.2.2 Wound dressings 3.5.2.3 Air filtration 3.5.3 Companies 3.6 Titanium Dioxide nanoparticles (TiO2-NPs) 3.6.1 Properties 3.6.1.1 Exterior and construction glass coatings 3.6.1.2 Outdoor air pollution 3.6.1.3 Interior coatings 3.6.1.4 Improving indoor air quality 3.6.1.5 Medical facilities 3.6.2 Application in medical nanocoatings 3.6.2.1 Antimicrobial coating indoor light activation 3.7 Nano-Zinc oxide (nano-ZnO/ ZnO-NPs) 3.7.1 Properties 3.7.2 Application in medical nanocoatings 3.7.2.1 Sterilization dressings 3.7.2.2 Anti-bacterial surfaces in construction and building ceramics and glass 3.7.2.3 Antimicrobial packaging 3.7.2.4 Anti-bacterial textiles 3.8 Nanocellulose 3.8.1 Properties 3.8.2 Application in medical nanocoatings 3.8.2.1 Cellulose nanofibers 3.8.2.2 Cellulose nanocrystals (CNC) 3.9 Carbon nanotubes 3.9.1 Properties 3.9.2 Application in medical nanocoatings 3.10 Fullerenes 3.10.1 Properties 3.10.2 Application in medical nanocoatings 3.11 Copper nanoparticles (Cu-NPs) 3.11.1 Properties 3.11.2 Application in medical nanocoatings 3.11.3 Companies 3.12 Gold nanoparticles (Au-NPs) 3.12.1 Properties 3.12.2 Application in medical nanocoatings 3.13 Chitosan nanoparticles 3.13.1 Properties 3.13.2 Application in medical nanocoatings 3.13.2.1 Wound dressings 3.14 Hydrophobic and Hydrophilic coatings and surfaces 3.14.1 Hydrophilic coatings 3.14.2 Hydrophobic coatings 3.14.2.1 Properties 3.14.2.2 Application in facemasks 3.15 Superhydrophobic coatings and surfaces 3.15.1 Properties 3.15.1.1 Anti-microbial use 3.15.1.2 Durability issues 3.15.1.3 Nanocellulose 3.16 Oleophobic and omniphobic coatings and surfaces 3.16.1 SLIPS 3.16.2 Covalent bonding 3.16.3 Step-growth graft polymerization 3.16.4 Applications 4 MARKET SEGMENT ANALYSIS, MEDICAL COATINGS MARKET 4.1 ANTI-MICROBIAL, ANTI-VIRAL AND ANTI-FUNGAL NANOCOATINGS 4.2 ANTI-FOULING AND EASY-TO-CLEAN NANOCOATINGS 4.3 SELF-CLEANING (BIONIC) NANOCOATINGS 4.4 SELF-CLEANING (PHOTOCATALYTIC) NANOCOATINGS 4.5 ANTI-FOGGING COATINGS 5 COMPANY PROFILES 6 RESEARCH METHODOLOGY 6.1 Aims and objectives of the study 6.2 Market definition 6.2.1 Properties of nanomaterials 6.2.2 Categorization 7 REFERENCES For more information about this report visit https://www.researchandmarkets.com/r/982uei
|
edtsum3710
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, April 14, 2020 /PRNewswire/ --Standard General L.P., the largest equityholder of TEGNA Inc. ("TEGNA" or the "Company") (NYSE: TGNA), today released an open letter to TEGNA shareholders responding to TEGNA's latest barrage of misleading arguments and data. "The TEGNA Board is marshaling misleading analyses and data in a desperate attempt to deflect responsibility and attention from TEGNA's persistent underperformance, strategic missteps, and governance failures," said Soo Kim, Founding Partner of Standard General. "TEGNA cannot avoid facing the simple fact that its shares are trading below $11 today. We are confident that no amount of shifting explanations, inapposite comparisons, and contradictory analytical methodologies will distract shareholders from the urgent need for change at TEGNA." The full text of the letter follows and is available at www.TomorrowsTEGNA.com: April 14, 2020 To Our Fellow TEGNA Shareholders: I am writing on behalf of Standard General, the largest investor in TEGNA Inc. As you know, we are concerned that TEGNA has significantly underperformed its potential while owning the best local affiliate broadcasting assets in the country. We believe change is required in business operations, strategy, capital allocation, and governance at TEGNA to ensure the Company performs for shareholders. Accordingly, we have nominated a slate of four highly qualified candidates to TEGNA's Board of Directors. The Company has responded with a misleading campaign to preserve the positions of the incumbent directors. It has hired three investment banks, spent more than $12 million, and leveled ad hominem attacks on the single largest owner of the Company. It is disappointing, but we are not discouraged. TEGNA has tremendous assets and opportunities. That is why no less than four strategic suitors expressed interest in buying the Company at nearly twice the current price. Yet, in the most robust M&A market of our lifetimes, this Board which in our campaign has shown the lengths to which it will go to protect its members failed to catalyze this interest (first expressed more than 14 months ago) to a successful outcome for shareholders. We believe change on this Board is required to restore confidence in the direction of this Company. TEGNA's poor strategic and capital allocation decisions have strained the Company's resources at precisely the wrong time. The consequences of the $2 billion cash acquisition spree and record-high debt burden (that recently led to a ratings downgrade) are serious and not just for shareholders. Just this past week, the Company reportedly began furloughing local TV news staff at a time when our audience's need for news in their community is more critical than ever, while a TEGNA competitor has pledged to not to furlough or lay off employees.1 Change is needed. TEGNA's Misleading Claims and Arguments TEGNA's Board has responded to our review of TEGNA's performance with a 34-page "fact sheet" that purports "to set the record straight." It doesn't. TEGNA has assembled a collection of selective disclosures and shifting metrics that reflects a lack of objectivity about TEGNA's past, its present, and its future. The lengthy "fact sheet" contains a litany of misleading data and fallacious arguments. Just a few examples: Rejecting its own numbers. TEGNA's EBITDA margin has significantly declined while its leading pure-play peers have been able to maintain or grow their margins over time. Rather than responding to our substantive point, TEGNA claims our calculation of the Company's 2017 EBITDA is "pure speculation"2 because TEGNA had multiple business lines in 2017. Our broadcasting segment EBITDA number comes directly from TEGNA's own 10-K.3 TEGNA seemingly uses this same 2017 broadcast EBITDA number in its own rebuttal slide deck, two pages earlier.4 In its disingenuous attempt to defend itself, TEGNA's Board has gone so far as to criticize its own numbers. Contradicting its own methodology. In its attempt to prove it has created value for shareholders, TEGNA clings to a cherry-picked performance period, one that begins well after it became a pure-play broadcaster and ends after its share price appreciated on takeover rumors. TEGNA became a pure-play broadcaster in the middle of 2017, yet it begins its analysis several months later. The Wall Street Journal on August 16, 2019 ran an article (since confirmed) that Apollo was seeking to acquire TEGNA, causing TEGNA's stock to rally 17% in the two trading days afterwards. TEGNA insists on including that move in its TSR period. TEGNA's bookends create the appearance of outperformance where there has been none. Notably, TEGNA uses a different methodology when judging Media General's stock performance: for that calculation, it ends the period as soon as takeover interest emerged, presumably on the very grounds that companies and Board members should not get "credit" for stock rallies in the wake of takeover speculation.5 Refusing to compare itself to best-in-class companies. TEGNA also claims to be a best-in-class pure-play local affiliate broadcast operator, but it refuses to compare itself to the two other such companies, Nexstar and Gray. TEGNA, Nexstar, and Gray are the only pure-play local affiliate broadcasters. TEGNA instead has chosen to benchmark its TSR and operating performance to a magazine company (among others), and claims we are unfairly comparing TEGNA to the other pure-play local affiliate broadcasters. Shifting its claims on shifting metrics. In January, TEGNA insisted that all of its acquisition multiples were based on "a trailing, two-year calendar basis."6 In its most recent investor presentation, however, TEGNA revealed that each deal was actually valued differently: some with trailing years, others with current years, and still others with forward estimates. There were also different methods of calculating cost savings and tax benefits.7 We noted this inconsistency in our materials and our concern that TEGNA was shifting its analytical framework to suit each deal. TEGNA's new (and wholly inconsistent) claim is that it has always used an average of "one year of actuals + one year of estimate[d]" EBITDA.8 Not only is the new claim markedly different than the position TEGNA took in January, it is simply not true based on TEGNA's own press releases and investor presentations.9 Using misleading comparison periods. In response to our pointing out that TEGNA had underwritten acquisitions with unrealistic assumptions of cost savings and margin increases, TEGNA attempts to show that it has grown EBITDA at the acquired stations. It does so, however, by fallaciously comparing 2019, an odd-year (with no political / Olympic ad spending) to 2020, an even-year with substantial political ad spending. No broadcaster compares odd and even years. Indeed, consistent with longstanding industry convention, TEGNA itself averages the performance across the odd and even years in nearly all its presentations, including its latest one.10 However, in an attempt to bolster its claim about expanding EBITDA margins at acquired stations, TEGNA disingenuously cites an uptick in performance of stations it acquired in Iowa for example comparing the Iowa caucus period in Q1 2020 with the mundane Q1 2019.11 We do not believe shareholders will be misled by such unconventional measures, nor should they permit TEGNA to hide its underperformance behind them.12 Rejecting respected third-party experts. TEGNA attempts to discredit analyses that are critical of its performance by attributing them to Standard General "distort[ions]" and "false claims" even though those studies were conducted by independent third parties Scripps and Wells Fargo.13 TEGNA also tries to avoid another third-party analysis by criticizing the source, even though TEGNA has cited that expert firm publicly and favorably in the past.14 One unfortunate fact is not mentioned anywhere TEGNA's stock closed yesterday at $10.91 per share. No peer group or time period TEGNA selects can erase the current reality. These are but a few examples of TEGNA's win-at-all-costs approach to shareholder communications and transparency. Taken together, they form a worrisome pattern. TEGNA's Board Cannot Be Trusted This pattern is not unique to the current period. The failure in the past to provide objective information to shareholders has damaged the credibility of the Board, we believe. For example, the Board has not provided sufficient details about the four strategic suitors that approached in Company beginning as early as February 2019. TEGNA's "fact sheet" does not supply this critical information either. It provides a mere one-page summary of the Board's decision-making process. We believe this leaves more questions than answers and that the Board may have sought to discourage takeover proposals. We know that in 2019, the Company falsely and publicly denied that Apollo had approached the Board with a takeover proposal. The Company was later forced to admit its false statement and disclose that the Board actually was approached by Apollo. TEGNA's story has continued to evolve, further diminishing the Board's credibility. The latest version is that Apollo approached, TEGNA "engaged," and Apollo walked away "the next day."15 But, even this version is at odds with that of The Wall Street Journal, which reported in August 2019 that Apollo approached TEGNA in February 2019 and had "remained in regular contact despite so far being rebuffed."16 The incumbent Board appears to have jeopardized an opportunity to maximize the value of shareholders' investment in a robust M&A market. Market conditions have now changed. When markets recover and strategic interest is renewed, can shareholders trust the incumbent directors to run a full and fair process that maximizes value for shareholders? This Campaign Is About Shareholder Value Standard General is TEGNA's largest shareholder, with an equity investment in TEGNA equivalent to 25,715,479 shares (including swaps covering 5,000,000 shares), or almost 12% of TEGNA's outstanding stock. Standard General increased our economic ownership substantially in the past two weeks. Standard General is seeking change on the Board to help maximize the value of our substantial ownership stake in TEGNA. Our push, however, will drive value creation for all shareholders. We have nominated exceptional operating executives who have pledged to use their industry knowledge on behalf of all shareholders. I too recognize that my responsibility, if I am elected, is to exercise my judgment for the benefit of all shareholders. As the principal of the investment firm with the largest exposure to TEGNA's equity, I am fully aligned with you and TEGNA's other shareholders. The Board appears to be less focused on objective and fair analysis of TEGNA's performance and creating future value and more focused on personally attacking me. We count more than 80 references to "Mr. Kim" in TEGNA's 34-page "fact sheet," none of them flattering. According to the Board, Mr. Kim "falsely claims" and "conflates" and "tries to misrepresent" and "attacks" and "distorts" and "falsely accuses" and "baselessly attacks" and "erroneously claims" and "misleadingly states" and "falsely suggests" and "incorrectly assess[es]" nearly every time he speaks. I am disappointed the Company has taken the approach of attacking me, rather than responding on the merits. Most importantly, the Board is spending its time and shareholders' money in "defense" mode rather than working to create value for shareholders. Perhaps that is because as a group, the Board owns very little stock, but has a lot of reputation at stake. Change Is Needed The undeniable reality is that TEGNA's stock is below $11. The current Board has not held management to a standard of best-in-class performance. It has enabled value destructive M&A and tolerated excessive compensation. The management team and Board own little equity. This Board appears to have squandered opportunities to maximize the value of the Company and has over-leveraged the balance sheet. Now, it appears to be using misleading arguments and half-truths to preserve its position. We are seeking to replace four long-serving directors. None of those directors have operating experience in local affiliate broadcasting and each has presided over a massive destruction of shareholder value. We believe there is nothing to lose and much to gain by replacing these directors with our nominees, who bring unquestionable domain expertise and fresh perspectives and properly reflect the communities TEGNA serves. I ask you to join me in voting for change. Sincerely, Soohyung Kim Founding Partner Standard General L.P. About Standard General Standard General was founded in 2007 and primarily manages capital for public and private pension funds, endowments, foundations, and high net-worth individuals. Standard General's extensive experience in local television broadcasting includes investments in: Media General, a former publicly-traded broadcasting company now part of Nexstar Media Group; Standard Media Group, an innovative and diverse media company committed to high-quality local news; and MediaCo Holding, a holding company that invests in local broadcast media and radio stations. Media General was a publicly-traded broadcaster which, like TEGNA, had a long tradition in print media, and had divested those assets to pursue a pure-play broadcasting strategy. As a substantial shareholder with a single Standard General principal on the Board, we worked constructively with the management team and directors to help guide Media General through a merger with publicly-traded LIN Media LLC that more than doubled its station portfolio. Following that merger, we helped oversee substantial increases in cash flow through a series of operational improvement initiatives and strategic acquisitions before ultimately selling the combined company to Nexstar Media Group in transaction valued at approx. $5 billion. The sale price represented a multiple of 11.2X EBITDA and an implied return of 179% during our 3.6 years of ownership. Investor ContactsBruce Goldfarb/Jason Alexander/Pat McHughOkapi Partners[emailprotected](212) 297-0720 Media Contact[emailprotected] Important Information Standard General L.P., together with the other participants in Standard General's proxy solicitation, has filed a definitive proxy statement and accompanying WHITE proxy card with the Securities and Exchange Commission ("SEC") to be used to solicit proxies in connection with the 2020 annual meeting of shareholders (the "Annual Meeting") of TEGNA Inc. (the "Company"). Shareholders are advised to read the proxy statement and any other documents related to the solicitation of shareholders of the Company in connection with the Annual Meeting because they contain important information, including information relating to the participants in Standard General's proxy solicitation. These materials and other materials filed by Standard General with the SEC in connection with the solicitation of proxies are available at no charge on the SEC's website at http://www.sec.gov. The definitive proxy statement and other relevant documents filed by Standard General with the SEC are also available, without charge, by directing a request to Standard General's proxy solicitor, Okapi Partners LLC, at its toll-free number 1-855-208-8902 or via email at [emailprotected]. 1 See "TEGNA Furloughs Local TV News Staffs, Managers Take Temporary Pay Cut," Poynter, April 6, 2020. 2 TEGNA presentation at page 8. 3 TEGNA, 2017 Form 10-K at page 26. 4 TEGNA presentation at page 6, footnote 4, noting that the analysis uses 2017E EBTIDA "pro forma for announced and completed transactions as of 12/31/2017." 5 TEGNA presentation at page 14. 6 TEGNA letter to shareholders, January 21, 2020. 7 TEGNA April investor presentation at page 12. 8 TEGNA presentation at pace 9. 9 See, for example, TEGNA press release dated December 18, 2017, describing multiple on the basis of two forward periods. 10 See, for example, TEGNA presentation at pages 6 and 9. 11 The Iowa caucus was held on February 3, 2020. TEGNA cites the performance of its acquired stations in Des Moines and Davenport in Q1 2020 compared to Q1 2019. See TEGNA presentation at slide 7. See "Political Ads Bombard Iowa," Des Moines Register, January 6, 2020. 12 Notably, in a further indication that TEGNA will reveal information favorable to itself, TEGNA has selectively disclosed its EBITDA margin for only some stations in Q1 2020 without providing complete financials (or EBITDA) for Q1 or providing any GAAP numbers or reconciliation to GAAP numbers. 13 TEGNA presentation at page 7 and 8. 14 TEGNA presentation at page 10. See citations to BIA in TEGNA investor presentation, dated January 16, 2020. 15 TEGNA presentation, page 18. 16 Wall Street Journal, August 16, 2019. SOURCE Standard General L.P.
Answer:
|
Standard General Responds To TEGNA's Misleading "Fact Sheet"
|
NEW YORK, April 14, 2020 /PRNewswire/ --Standard General L.P., the largest equityholder of TEGNA Inc. ("TEGNA" or the "Company") (NYSE: TGNA), today released an open letter to TEGNA shareholders responding to TEGNA's latest barrage of misleading arguments and data. "The TEGNA Board is marshaling misleading analyses and data in a desperate attempt to deflect responsibility and attention from TEGNA's persistent underperformance, strategic missteps, and governance failures," said Soo Kim, Founding Partner of Standard General. "TEGNA cannot avoid facing the simple fact that its shares are trading below $11 today. We are confident that no amount of shifting explanations, inapposite comparisons, and contradictory analytical methodologies will distract shareholders from the urgent need for change at TEGNA." The full text of the letter follows and is available at www.TomorrowsTEGNA.com: April 14, 2020 To Our Fellow TEGNA Shareholders: I am writing on behalf of Standard General, the largest investor in TEGNA Inc. As you know, we are concerned that TEGNA has significantly underperformed its potential while owning the best local affiliate broadcasting assets in the country. We believe change is required in business operations, strategy, capital allocation, and governance at TEGNA to ensure the Company performs for shareholders. Accordingly, we have nominated a slate of four highly qualified candidates to TEGNA's Board of Directors. The Company has responded with a misleading campaign to preserve the positions of the incumbent directors. It has hired three investment banks, spent more than $12 million, and leveled ad hominem attacks on the single largest owner of the Company. It is disappointing, but we are not discouraged. TEGNA has tremendous assets and opportunities. That is why no less than four strategic suitors expressed interest in buying the Company at nearly twice the current price. Yet, in the most robust M&A market of our lifetimes, this Board which in our campaign has shown the lengths to which it will go to protect its members failed to catalyze this interest (first expressed more than 14 months ago) to a successful outcome for shareholders. We believe change on this Board is required to restore confidence in the direction of this Company. TEGNA's poor strategic and capital allocation decisions have strained the Company's resources at precisely the wrong time. The consequences of the $2 billion cash acquisition spree and record-high debt burden (that recently led to a ratings downgrade) are serious and not just for shareholders. Just this past week, the Company reportedly began furloughing local TV news staff at a time when our audience's need for news in their community is more critical than ever, while a TEGNA competitor has pledged to not to furlough or lay off employees.1 Change is needed. TEGNA's Misleading Claims and Arguments TEGNA's Board has responded to our review of TEGNA's performance with a 34-page "fact sheet" that purports "to set the record straight." It doesn't. TEGNA has assembled a collection of selective disclosures and shifting metrics that reflects a lack of objectivity about TEGNA's past, its present, and its future. The lengthy "fact sheet" contains a litany of misleading data and fallacious arguments. Just a few examples: Rejecting its own numbers. TEGNA's EBITDA margin has significantly declined while its leading pure-play peers have been able to maintain or grow their margins over time. Rather than responding to our substantive point, TEGNA claims our calculation of the Company's 2017 EBITDA is "pure speculation"2 because TEGNA had multiple business lines in 2017. Our broadcasting segment EBITDA number comes directly from TEGNA's own 10-K.3 TEGNA seemingly uses this same 2017 broadcast EBITDA number in its own rebuttal slide deck, two pages earlier.4 In its disingenuous attempt to defend itself, TEGNA's Board has gone so far as to criticize its own numbers. Contradicting its own methodology. In its attempt to prove it has created value for shareholders, TEGNA clings to a cherry-picked performance period, one that begins well after it became a pure-play broadcaster and ends after its share price appreciated on takeover rumors. TEGNA became a pure-play broadcaster in the middle of 2017, yet it begins its analysis several months later. The Wall Street Journal on August 16, 2019 ran an article (since confirmed) that Apollo was seeking to acquire TEGNA, causing TEGNA's stock to rally 17% in the two trading days afterwards. TEGNA insists on including that move in its TSR period. TEGNA's bookends create the appearance of outperformance where there has been none. Notably, TEGNA uses a different methodology when judging Media General's stock performance: for that calculation, it ends the period as soon as takeover interest emerged, presumably on the very grounds that companies and Board members should not get "credit" for stock rallies in the wake of takeover speculation.5 Refusing to compare itself to best-in-class companies. TEGNA also claims to be a best-in-class pure-play local affiliate broadcast operator, but it refuses to compare itself to the two other such companies, Nexstar and Gray. TEGNA, Nexstar, and Gray are the only pure-play local affiliate broadcasters. TEGNA instead has chosen to benchmark its TSR and operating performance to a magazine company (among others), and claims we are unfairly comparing TEGNA to the other pure-play local affiliate broadcasters. Shifting its claims on shifting metrics. In January, TEGNA insisted that all of its acquisition multiples were based on "a trailing, two-year calendar basis."6 In its most recent investor presentation, however, TEGNA revealed that each deal was actually valued differently: some with trailing years, others with current years, and still others with forward estimates. There were also different methods of calculating cost savings and tax benefits.7 We noted this inconsistency in our materials and our concern that TEGNA was shifting its analytical framework to suit each deal. TEGNA's new (and wholly inconsistent) claim is that it has always used an average of "one year of actuals + one year of estimate[d]" EBITDA.8 Not only is the new claim markedly different than the position TEGNA took in January, it is simply not true based on TEGNA's own press releases and investor presentations.9 Using misleading comparison periods. In response to our pointing out that TEGNA had underwritten acquisitions with unrealistic assumptions of cost savings and margin increases, TEGNA attempts to show that it has grown EBITDA at the acquired stations. It does so, however, by fallaciously comparing 2019, an odd-year (with no political / Olympic ad spending) to 2020, an even-year with substantial political ad spending. No broadcaster compares odd and even years. Indeed, consistent with longstanding industry convention, TEGNA itself averages the performance across the odd and even years in nearly all its presentations, including its latest one.10 However, in an attempt to bolster its claim about expanding EBITDA margins at acquired stations, TEGNA disingenuously cites an uptick in performance of stations it acquired in Iowa for example comparing the Iowa caucus period in Q1 2020 with the mundane Q1 2019.11 We do not believe shareholders will be misled by such unconventional measures, nor should they permit TEGNA to hide its underperformance behind them.12 Rejecting respected third-party experts. TEGNA attempts to discredit analyses that are critical of its performance by attributing them to Standard General "distort[ions]" and "false claims" even though those studies were conducted by independent third parties Scripps and Wells Fargo.13 TEGNA also tries to avoid another third-party analysis by criticizing the source, even though TEGNA has cited that expert firm publicly and favorably in the past.14 One unfortunate fact is not mentioned anywhere TEGNA's stock closed yesterday at $10.91 per share. No peer group or time period TEGNA selects can erase the current reality. These are but a few examples of TEGNA's win-at-all-costs approach to shareholder communications and transparency. Taken together, they form a worrisome pattern. TEGNA's Board Cannot Be Trusted This pattern is not unique to the current period. The failure in the past to provide objective information to shareholders has damaged the credibility of the Board, we believe. For example, the Board has not provided sufficient details about the four strategic suitors that approached in Company beginning as early as February 2019. TEGNA's "fact sheet" does not supply this critical information either. It provides a mere one-page summary of the Board's decision-making process. We believe this leaves more questions than answers and that the Board may have sought to discourage takeover proposals. We know that in 2019, the Company falsely and publicly denied that Apollo had approached the Board with a takeover proposal. The Company was later forced to admit its false statement and disclose that the Board actually was approached by Apollo. TEGNA's story has continued to evolve, further diminishing the Board's credibility. The latest version is that Apollo approached, TEGNA "engaged," and Apollo walked away "the next day."15 But, even this version is at odds with that of The Wall Street Journal, which reported in August 2019 that Apollo approached TEGNA in February 2019 and had "remained in regular contact despite so far being rebuffed."16 The incumbent Board appears to have jeopardized an opportunity to maximize the value of shareholders' investment in a robust M&A market. Market conditions have now changed. When markets recover and strategic interest is renewed, can shareholders trust the incumbent directors to run a full and fair process that maximizes value for shareholders? This Campaign Is About Shareholder Value Standard General is TEGNA's largest shareholder, with an equity investment in TEGNA equivalent to 25,715,479 shares (including swaps covering 5,000,000 shares), or almost 12% of TEGNA's outstanding stock. Standard General increased our economic ownership substantially in the past two weeks. Standard General is seeking change on the Board to help maximize the value of our substantial ownership stake in TEGNA. Our push, however, will drive value creation for all shareholders. We have nominated exceptional operating executives who have pledged to use their industry knowledge on behalf of all shareholders. I too recognize that my responsibility, if I am elected, is to exercise my judgment for the benefit of all shareholders. As the principal of the investment firm with the largest exposure to TEGNA's equity, I am fully aligned with you and TEGNA's other shareholders. The Board appears to be less focused on objective and fair analysis of TEGNA's performance and creating future value and more focused on personally attacking me. We count more than 80 references to "Mr. Kim" in TEGNA's 34-page "fact sheet," none of them flattering. According to the Board, Mr. Kim "falsely claims" and "conflates" and "tries to misrepresent" and "attacks" and "distorts" and "falsely accuses" and "baselessly attacks" and "erroneously claims" and "misleadingly states" and "falsely suggests" and "incorrectly assess[es]" nearly every time he speaks. I am disappointed the Company has taken the approach of attacking me, rather than responding on the merits. Most importantly, the Board is spending its time and shareholders' money in "defense" mode rather than working to create value for shareholders. Perhaps that is because as a group, the Board owns very little stock, but has a lot of reputation at stake. Change Is Needed The undeniable reality is that TEGNA's stock is below $11. The current Board has not held management to a standard of best-in-class performance. It has enabled value destructive M&A and tolerated excessive compensation. The management team and Board own little equity. This Board appears to have squandered opportunities to maximize the value of the Company and has over-leveraged the balance sheet. Now, it appears to be using misleading arguments and half-truths to preserve its position. We are seeking to replace four long-serving directors. None of those directors have operating experience in local affiliate broadcasting and each has presided over a massive destruction of shareholder value. We believe there is nothing to lose and much to gain by replacing these directors with our nominees, who bring unquestionable domain expertise and fresh perspectives and properly reflect the communities TEGNA serves. I ask you to join me in voting for change. Sincerely, Soohyung Kim Founding Partner Standard General L.P. About Standard General Standard General was founded in 2007 and primarily manages capital for public and private pension funds, endowments, foundations, and high net-worth individuals. Standard General's extensive experience in local television broadcasting includes investments in: Media General, a former publicly-traded broadcasting company now part of Nexstar Media Group; Standard Media Group, an innovative and diverse media company committed to high-quality local news; and MediaCo Holding, a holding company that invests in local broadcast media and radio stations. Media General was a publicly-traded broadcaster which, like TEGNA, had a long tradition in print media, and had divested those assets to pursue a pure-play broadcasting strategy. As a substantial shareholder with a single Standard General principal on the Board, we worked constructively with the management team and directors to help guide Media General through a merger with publicly-traded LIN Media LLC that more than doubled its station portfolio. Following that merger, we helped oversee substantial increases in cash flow through a series of operational improvement initiatives and strategic acquisitions before ultimately selling the combined company to Nexstar Media Group in transaction valued at approx. $5 billion. The sale price represented a multiple of 11.2X EBITDA and an implied return of 179% during our 3.6 years of ownership. Investor ContactsBruce Goldfarb/Jason Alexander/Pat McHughOkapi Partners[emailprotected](212) 297-0720 Media Contact[emailprotected] Important Information Standard General L.P., together with the other participants in Standard General's proxy solicitation, has filed a definitive proxy statement and accompanying WHITE proxy card with the Securities and Exchange Commission ("SEC") to be used to solicit proxies in connection with the 2020 annual meeting of shareholders (the "Annual Meeting") of TEGNA Inc. (the "Company"). Shareholders are advised to read the proxy statement and any other documents related to the solicitation of shareholders of the Company in connection with the Annual Meeting because they contain important information, including information relating to the participants in Standard General's proxy solicitation. These materials and other materials filed by Standard General with the SEC in connection with the solicitation of proxies are available at no charge on the SEC's website at http://www.sec.gov. The definitive proxy statement and other relevant documents filed by Standard General with the SEC are also available, without charge, by directing a request to Standard General's proxy solicitor, Okapi Partners LLC, at its toll-free number 1-855-208-8902 or via email at [emailprotected]. 1 See "TEGNA Furloughs Local TV News Staffs, Managers Take Temporary Pay Cut," Poynter, April 6, 2020. 2 TEGNA presentation at page 8. 3 TEGNA, 2017 Form 10-K at page 26. 4 TEGNA presentation at page 6, footnote 4, noting that the analysis uses 2017E EBTIDA "pro forma for announced and completed transactions as of 12/31/2017." 5 TEGNA presentation at page 14. 6 TEGNA letter to shareholders, January 21, 2020. 7 TEGNA April investor presentation at page 12. 8 TEGNA presentation at pace 9. 9 See, for example, TEGNA press release dated December 18, 2017, describing multiple on the basis of two forward periods. 10 See, for example, TEGNA presentation at pages 6 and 9. 11 The Iowa caucus was held on February 3, 2020. TEGNA cites the performance of its acquired stations in Des Moines and Davenport in Q1 2020 compared to Q1 2019. See TEGNA presentation at slide 7. See "Political Ads Bombard Iowa," Des Moines Register, January 6, 2020. 12 Notably, in a further indication that TEGNA will reveal information favorable to itself, TEGNA has selectively disclosed its EBITDA margin for only some stations in Q1 2020 without providing complete financials (or EBITDA) for Q1 or providing any GAAP numbers or reconciliation to GAAP numbers. 13 TEGNA presentation at page 7 and 8. 14 TEGNA presentation at page 10. See citations to BIA in TEGNA investor presentation, dated January 16, 2020. 15 TEGNA presentation, page 18. 16 Wall Street Journal, August 16, 2019. SOURCE Standard General L.P.
|
edtsum3711
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: LOS ANGELES, April 19, 2021 /PRNewswire/ --PodcastOne, a leading podcast platform and a subsidiary of LiveXLive Media (NASDAQ: LIVX), announced today the highly anticipated launch of the latest podcast from their slate of true crime programming, Final Days on Earth, from longtime CBS News journalist and producer Claire St. Amant premiering on PodcastOne on April 20, 2021. PodcastOne's existing True Crime programming includes A&E's Cold Case, Reelz TV's Autopsy, Court Junkie, First Degree and American Nightmare. Final Days on Earth is available on PodcastOne, Apple, Spotify and wherever podcasts are heard. Final Days on Earth with Claire St. Amant is an investigative podcast franchise from Cold Case Productions. Each season examines mysterious deaths that have elements of an accident, murder, or suicide and sometimes all three. On Season 1: The Life and Death of Dammion Heard, experienced crime producer St. Amant investigates the baffling disappearance and mysterious death of Texas state champion wrestler Dammion Heard. Dammion was a college freshman at Western Colorado University in Gunnison, Colorado when he disappeared after a party with his wrestling teammates in March of 2014. In this 12-part season, St. Amant's thorough reporting gives listeners a front row seat to a compelling case where nothing is as simple as it seems. The podcast utilizes 47 different police interviews with witnesses from the party and Dammion's friends in 2014, as well as over 30 original interviews St. Amant conducted from 2019 to 2021. In the end, the audience will have all the tools they need to reach their own conclusion about what happened to Dammion Heard, and who - if anyone - is responsible for his death. "PodcastOne is excited to add Final Days on Earth, and the compelling story of Dammion Heard told in season one, to our growing slate of true crime podcasts. Claire's background in investigative journalism and her ability to uncover new and key elements in this case was extraordinary, and I cannot wait for audiences to be able to hear this podcast," said Kit Gray, President of PodcastOne. "As I dug into Dammion's case, I couldn't believe how many twists and turns it took," St. Amant said. "Thanks to the new witnesses and information I've found, I believe Dammion's friends and family are closer than ever to the answers they have been looking for since his untimely death over seven years ago." Final Days on Earth is the first podcast developed by Cold Case Productions, an independent media company co-founded by Sharon Richards and St. Amant, who is the writer, producer and host of Final Days on Earth. She has been working the case since 2014, dating back to her days in local media, when Dammion's story first broke. Richards, an experienced talent acquisition executive, is the co-executive producer of the podcast. Veteran news producer Lucy L. Scott is the editorial consultant for Season 1. Original theme music is composed and performed by Riley Simmons. About PodcastOnePodcastOne is a leading advertiser-supported podcast company, offering a 360-degree solution for both content creators and advertisers, including content development, brand integration and distribution. Acquired by LiveXLive Media in 2020, the two entities have subsequently teamed to create a new video podcast (Vodcast) network under the LiveXLive umbrella. Amassing more than 2.25 billion downloads per year with 400+ episodes distributed per week across a stable of hundreds of top podcast programs, including influencer talent like Adam Carolla, Kaitlyn Bristowe, Steve Austin, Jordan Harbinger, Heather Dubrow, The LadyGang, Dr. Drew, Brett Favre, Michael Cohen and top rated true crime shows including Court Junkie, A&E's Cold Case Files, American Nightmare, First Degree and more. Its shows are distributed across its own platform as well as LiveXLive's owned-and-operated channels on mobile, mobile web, desktop and SmartTV's. PodcastOne is the brainchild of Radio Hall of Famer, Norm Pattiz, also the founder of Network Radio-giant, Westwood One. About LiveXLive Media, Inc.Headquartered in Los Angeles, California, LiveXLive Media, Inc. (NASDAQ: LIVX) (the "Company") (pronounced Live "by" Live) is a global platform for livestream and on-demand audio, video and podcast content in music, comedy, and pop culture. LiveXLive, which has streamed over 1,800 artists since January 2020, has become a go-to partner for the world's top artists and celebrity voices as well as music festival concerts, including Rock in Rio, EDC Las Vegas, and many others. In April 2020, LiveXLive produced its first 48-hour music festival called "Music Lives" with tremendous success as it earned over 50 million views and over 5 billion views for #musiclives on TikTok on 100+ performances. LiveXLive's library of global events, video-audio podcasts and original shows are also available on Amazon, Apple TV, Roku and Samsung TVs in addition to its own app, destination site and social channels. The Company's wholly-owned subsidiary, PodcastOne, generates more than 2.25 billion downloads per year with 400+ episodes distributed per week across a stable of hundreds of top podcasts. For more information, visit www.livexlive.com and follow us on Facebook, Instagram, TikTok, Twitter at @livexlive, and YouTube. Forward-Looking StatementsAll statements other than statements of historical facts contained in this press release are "forward-looking statements," which may often, but not always, be identified by the use of such words as "may," "might," "will," "will likely result," "would," "should," "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "continue," "target" or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: the Company's reliance on one key customer for a substantial percentage of its revenue; the Company's ability to consummate any proposed financing, acquisition or transaction, the timing of the closing of such proposed event, including the risks that a condition to closing would not be satisfied within the expected timeframe or at all, or that the closing of any proposed financing, acquisition or transaction will not occur or whether any such event will enhance shareholder value; the Company's ability to continue as a going concern; the Company's ability to attract, maintain and increase the number of its users and paid subscribers; the Company identifying, acquiring, securing and developing content; the Company's intent to repurchase shares of its common stock from time to time under its announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; the Company's ability to maintain compliance with certain financial and other covenants; the Company successfully implementing its growth strategy, including relating to its technology platforms and applications; management's relationships with industry stakeholders; the effects of the global Covid-19 pandemic; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of the Company's subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2020, filed with the U.S. Securities and Exchange Commission (the "SEC") on June 26, 2020, Quarterly Report on Form 10-Q for the quarter ended December 31, 2020, filed with the SEC on February 16, 2021, and in the Company's other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof and the Company disclaims any obligations to update these statements, except as may be required by law. The Company intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Press Contact:For PodcastOne310.246.4600[emailprotected] LiveXLive IR Contact:310.601.2500[emailprotected] SOURCE LiveXLive Media, Inc. Related Links https://www.livexlive.com
Answer:
|
PodcastOne and CBS News, Emmy Nominated Journalist Claire St. Amant Team for 'Final Days on Earth' Podcast Podcast Launches on the Heels of the Finale of American Nightmare's 2nd Season
|
LOS ANGELES, April 19, 2021 /PRNewswire/ --PodcastOne, a leading podcast platform and a subsidiary of LiveXLive Media (NASDAQ: LIVX), announced today the highly anticipated launch of the latest podcast from their slate of true crime programming, Final Days on Earth, from longtime CBS News journalist and producer Claire St. Amant premiering on PodcastOne on April 20, 2021. PodcastOne's existing True Crime programming includes A&E's Cold Case, Reelz TV's Autopsy, Court Junkie, First Degree and American Nightmare. Final Days on Earth is available on PodcastOne, Apple, Spotify and wherever podcasts are heard. Final Days on Earth with Claire St. Amant is an investigative podcast franchise from Cold Case Productions. Each season examines mysterious deaths that have elements of an accident, murder, or suicide and sometimes all three. On Season 1: The Life and Death of Dammion Heard, experienced crime producer St. Amant investigates the baffling disappearance and mysterious death of Texas state champion wrestler Dammion Heard. Dammion was a college freshman at Western Colorado University in Gunnison, Colorado when he disappeared after a party with his wrestling teammates in March of 2014. In this 12-part season, St. Amant's thorough reporting gives listeners a front row seat to a compelling case where nothing is as simple as it seems. The podcast utilizes 47 different police interviews with witnesses from the party and Dammion's friends in 2014, as well as over 30 original interviews St. Amant conducted from 2019 to 2021. In the end, the audience will have all the tools they need to reach their own conclusion about what happened to Dammion Heard, and who - if anyone - is responsible for his death. "PodcastOne is excited to add Final Days on Earth, and the compelling story of Dammion Heard told in season one, to our growing slate of true crime podcasts. Claire's background in investigative journalism and her ability to uncover new and key elements in this case was extraordinary, and I cannot wait for audiences to be able to hear this podcast," said Kit Gray, President of PodcastOne. "As I dug into Dammion's case, I couldn't believe how many twists and turns it took," St. Amant said. "Thanks to the new witnesses and information I've found, I believe Dammion's friends and family are closer than ever to the answers they have been looking for since his untimely death over seven years ago." Final Days on Earth is the first podcast developed by Cold Case Productions, an independent media company co-founded by Sharon Richards and St. Amant, who is the writer, producer and host of Final Days on Earth. She has been working the case since 2014, dating back to her days in local media, when Dammion's story first broke. Richards, an experienced talent acquisition executive, is the co-executive producer of the podcast. Veteran news producer Lucy L. Scott is the editorial consultant for Season 1. Original theme music is composed and performed by Riley Simmons. About PodcastOnePodcastOne is a leading advertiser-supported podcast company, offering a 360-degree solution for both content creators and advertisers, including content development, brand integration and distribution. Acquired by LiveXLive Media in 2020, the two entities have subsequently teamed to create a new video podcast (Vodcast) network under the LiveXLive umbrella. Amassing more than 2.25 billion downloads per year with 400+ episodes distributed per week across a stable of hundreds of top podcast programs, including influencer talent like Adam Carolla, Kaitlyn Bristowe, Steve Austin, Jordan Harbinger, Heather Dubrow, The LadyGang, Dr. Drew, Brett Favre, Michael Cohen and top rated true crime shows including Court Junkie, A&E's Cold Case Files, American Nightmare, First Degree and more. Its shows are distributed across its own platform as well as LiveXLive's owned-and-operated channels on mobile, mobile web, desktop and SmartTV's. PodcastOne is the brainchild of Radio Hall of Famer, Norm Pattiz, also the founder of Network Radio-giant, Westwood One. About LiveXLive Media, Inc.Headquartered in Los Angeles, California, LiveXLive Media, Inc. (NASDAQ: LIVX) (the "Company") (pronounced Live "by" Live) is a global platform for livestream and on-demand audio, video and podcast content in music, comedy, and pop culture. LiveXLive, which has streamed over 1,800 artists since January 2020, has become a go-to partner for the world's top artists and celebrity voices as well as music festival concerts, including Rock in Rio, EDC Las Vegas, and many others. In April 2020, LiveXLive produced its first 48-hour music festival called "Music Lives" with tremendous success as it earned over 50 million views and over 5 billion views for #musiclives on TikTok on 100+ performances. LiveXLive's library of global events, video-audio podcasts and original shows are also available on Amazon, Apple TV, Roku and Samsung TVs in addition to its own app, destination site and social channels. The Company's wholly-owned subsidiary, PodcastOne, generates more than 2.25 billion downloads per year with 400+ episodes distributed per week across a stable of hundreds of top podcasts. For more information, visit www.livexlive.com and follow us on Facebook, Instagram, TikTok, Twitter at @livexlive, and YouTube. Forward-Looking StatementsAll statements other than statements of historical facts contained in this press release are "forward-looking statements," which may often, but not always, be identified by the use of such words as "may," "might," "will," "will likely result," "would," "should," "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "continue," "target" or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: the Company's reliance on one key customer for a substantial percentage of its revenue; the Company's ability to consummate any proposed financing, acquisition or transaction, the timing of the closing of such proposed event, including the risks that a condition to closing would not be satisfied within the expected timeframe or at all, or that the closing of any proposed financing, acquisition or transaction will not occur or whether any such event will enhance shareholder value; the Company's ability to continue as a going concern; the Company's ability to attract, maintain and increase the number of its users and paid subscribers; the Company identifying, acquiring, securing and developing content; the Company's intent to repurchase shares of its common stock from time to time under its announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; the Company's ability to maintain compliance with certain financial and other covenants; the Company successfully implementing its growth strategy, including relating to its technology platforms and applications; management's relationships with industry stakeholders; the effects of the global Covid-19 pandemic; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of the Company's subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2020, filed with the U.S. Securities and Exchange Commission (the "SEC") on June 26, 2020, Quarterly Report on Form 10-Q for the quarter ended December 31, 2020, filed with the SEC on February 16, 2021, and in the Company's other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof and the Company disclaims any obligations to update these statements, except as may be required by law. The Company intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Press Contact:For PodcastOne310.246.4600[emailprotected] LiveXLive IR Contact:310.601.2500[emailprotected] SOURCE LiveXLive Media, Inc. Related Links https://www.livexlive.com
|
edtsum3713
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: LITTLE FALLS, N.J., May 12, 2020 /PRNewswire/ --CANTEL MEDICAL CORP. (NYSE: CMD) ("Cantel" or the "Company") todayannounceditsintentionto offer, subject to market and other conditions, $150 million aggregate principal amount of convertible senior notes due 2025 (the "Notes") in a private offering only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The Company also intends to grant the initial purchasers of the Notes an option to purchase up to an additional $22.5 million aggregate principal amount ofNotes in the private placement. The Notes will be unsecured, unsubordinated obligations of the Company, will accrue interest payable semi-annually in arrears and will mature on May 15, 2025, unless earlier repurchased, redeemed or converted. Noteholders will have the right to convert their Notes in certain circumstances and during specified periods. The Company will settle conversions by paying or delivering, as applicable, cash, shares of its common stock (together with cash, if applicable, in lieu of any fractional share of common stock) or a combination of cash and shares of its common stock, at the Company's election. The Notes will also be redeemable, in whole or in part, for cash at the Company's option at any time, and from time to time, on or after May 17, 2023 in certain circumstances. The redemption price will be equal to the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. The interest rate, initial conversion rate and other terms of the Notes will be determined at the pricing of the offering. The Company intends to use the net proceeds from the Notes offering for general corporate purposes, including by applying at least 50% of the amount by which the net proceeds exceeds $100,000,000 to the repayment of debt under the Company's credit facilities as required by the second amendment to its credit agreement entered into on May 11, 2020. The Notes and the common stock, if any, issuable upon conversion of the Notes have not been registered under the Securities Act or any applicable state securities laws. As a result, neither the Notes nor the common stock, if any, issuable upon conversion of the Notes may be offered or sold within the United States or to, or for the account or benefit of, U.S. persons, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state laws. This press release does not and will not constitute an offer to sell or a solicitation of an offer to buy any securities nor will there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful under the securities laws of such state. Any offer of the Notes will be made only by means of a private offering memorandum. About Cantel Medical: Cantel Medical is a leading global company dedicated to delivering innovative infection prevention products and services for patients, caregivers, and other healthcare providers which improve outcomes, enhance safety and help save lives.Our products include specialized medical device reprocessing systems for endoscopy and renal dialysis, advanced water purification equipment, sterilants, disinfectants and cleaners, sterility assurance monitoring products for hospitals and dental clinics, disposable infection control products primarily for dental and GI endoscopy markets, instruments and instrument reprocessing workflow systems serving the dental industry, dialysate concentrates, hollow fiber membrane filtration and separation products. Additionally, we provide technical service for our products. For further information, visit www.cantelmedical.com. This press release contains "forward-looking statements" as that term is defined under the Private Securities Litigation Reform Act of 1995 and other securities laws. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on current expectations, estimates, or forecasts about our businesses, the industries in which we operate, and the current beliefs and assumptions of management; they do not relate strictly to historical or current facts. Without limiting the foregoing, words or phrases such as "expect," "anticipate," "goal," "project," "intend," "plan," "believe," "seek," "may," "could," "aspire," and variations of such words and similar expressions generally identify forward-looking statements. In addition, any statements that refer to predictions or projections of our future financial performance, anticipated growth, strategic objectives, performance drivers and trends in our businesses, and other characterizations of future events or circumstances are forward-looking statements. Readers are cautioned that these forward-looking statements are only predictions about future events, activities or developments and are subject to numerous risks, uncertainties, and assumptions that are difficult to predict, including the impacts of the COVID-19 pandemic on our operations and financial results, general economic conditions, technological and market changes in the medical device industry, our ability to execute on our strategy, risks associated with operating our international business, including limited operating experience and market recognition in new international markets, changes in United States healthcare policy at both the state and federal level, product liability claims resulting from the use of products we sell and distribute, and risks related to our intellectual property and proprietary rights needed to maintain our competitive position. We caution that undue reliance should not be placed on such forward-looking statements, which speak only as of the date made. For a further list and description of these and other important risks and uncertainties that may affect our future operations, see our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission, which we may update in Quarterly Reports on Form 10-Q we have filed or will file hereafter, as further updated by our Current Report on Form 8-K dated May 12, 2020. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. SOURCE Cantel Medical Corp. Related Links http://www.cantelmedical.com
Answer:
|
Cantel Announces Proposed Private Offering of Convertible Senior Notes Due 2025
|
LITTLE FALLS, N.J., May 12, 2020 /PRNewswire/ --CANTEL MEDICAL CORP. (NYSE: CMD) ("Cantel" or the "Company") todayannounceditsintentionto offer, subject to market and other conditions, $150 million aggregate principal amount of convertible senior notes due 2025 (the "Notes") in a private offering only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The Company also intends to grant the initial purchasers of the Notes an option to purchase up to an additional $22.5 million aggregate principal amount ofNotes in the private placement. The Notes will be unsecured, unsubordinated obligations of the Company, will accrue interest payable semi-annually in arrears and will mature on May 15, 2025, unless earlier repurchased, redeemed or converted. Noteholders will have the right to convert their Notes in certain circumstances and during specified periods. The Company will settle conversions by paying or delivering, as applicable, cash, shares of its common stock (together with cash, if applicable, in lieu of any fractional share of common stock) or a combination of cash and shares of its common stock, at the Company's election. The Notes will also be redeemable, in whole or in part, for cash at the Company's option at any time, and from time to time, on or after May 17, 2023 in certain circumstances. The redemption price will be equal to the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. The interest rate, initial conversion rate and other terms of the Notes will be determined at the pricing of the offering. The Company intends to use the net proceeds from the Notes offering for general corporate purposes, including by applying at least 50% of the amount by which the net proceeds exceeds $100,000,000 to the repayment of debt under the Company's credit facilities as required by the second amendment to its credit agreement entered into on May 11, 2020. The Notes and the common stock, if any, issuable upon conversion of the Notes have not been registered under the Securities Act or any applicable state securities laws. As a result, neither the Notes nor the common stock, if any, issuable upon conversion of the Notes may be offered or sold within the United States or to, or for the account or benefit of, U.S. persons, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state laws. This press release does not and will not constitute an offer to sell or a solicitation of an offer to buy any securities nor will there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful under the securities laws of such state. Any offer of the Notes will be made only by means of a private offering memorandum. About Cantel Medical: Cantel Medical is a leading global company dedicated to delivering innovative infection prevention products and services for patients, caregivers, and other healthcare providers which improve outcomes, enhance safety and help save lives.Our products include specialized medical device reprocessing systems for endoscopy and renal dialysis, advanced water purification equipment, sterilants, disinfectants and cleaners, sterility assurance monitoring products for hospitals and dental clinics, disposable infection control products primarily for dental and GI endoscopy markets, instruments and instrument reprocessing workflow systems serving the dental industry, dialysate concentrates, hollow fiber membrane filtration and separation products. Additionally, we provide technical service for our products. For further information, visit www.cantelmedical.com. This press release contains "forward-looking statements" as that term is defined under the Private Securities Litigation Reform Act of 1995 and other securities laws. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on current expectations, estimates, or forecasts about our businesses, the industries in which we operate, and the current beliefs and assumptions of management; they do not relate strictly to historical or current facts. Without limiting the foregoing, words or phrases such as "expect," "anticipate," "goal," "project," "intend," "plan," "believe," "seek," "may," "could," "aspire," and variations of such words and similar expressions generally identify forward-looking statements. In addition, any statements that refer to predictions or projections of our future financial performance, anticipated growth, strategic objectives, performance drivers and trends in our businesses, and other characterizations of future events or circumstances are forward-looking statements. Readers are cautioned that these forward-looking statements are only predictions about future events, activities or developments and are subject to numerous risks, uncertainties, and assumptions that are difficult to predict, including the impacts of the COVID-19 pandemic on our operations and financial results, general economic conditions, technological and market changes in the medical device industry, our ability to execute on our strategy, risks associated with operating our international business, including limited operating experience and market recognition in new international markets, changes in United States healthcare policy at both the state and federal level, product liability claims resulting from the use of products we sell and distribute, and risks related to our intellectual property and proprietary rights needed to maintain our competitive position. We caution that undue reliance should not be placed on such forward-looking statements, which speak only as of the date made. For a further list and description of these and other important risks and uncertainties that may affect our future operations, see our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission, which we may update in Quarterly Reports on Form 10-Q we have filed or will file hereafter, as further updated by our Current Report on Form 8-K dated May 12, 2020. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. SOURCE Cantel Medical Corp. Related Links http://www.cantelmedical.com
|
edtsum3718
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: LOS ANGELES--(BUSINESS WIRE)--As social media companies continue to grapple with how to deal with misinformation about the election and pandemic, more Americans trust Facebook when compared with other popular platforms, including YouTube, Instagram, LinkedIn, and Twitter, according to the Social Media Trust Survey conducted in February 2021 by Engine Insights on behalf of Triunfo Partners. The survey finds that 25 percent of Americans say they trust Facebook the most, versus YouTube (15 percent), Instagram (9 percent), LinkedIn (7 percent), and Twitter (5 percent). At the same time, more than 30 percent of Americans say they dont trust any of the Big Five social media platforms. With more than 2,000 respondents across the country and a margin of error of 2.19 percent, the Social Media Trust Survey validates the pervasive wave of distrust many people feel toward these platforms. People have been serving up content to these channels for years without considering its effect, strengthening the breadth and reach of social media outlets that have become breeding grounds for misinformation and fake news, says Evan Pondel, founder and CEO of Triunfo Partners, a Los Angeles-based strategic communications firm, which does not represent any social media companies. Historically, the gatekeepers and distributors of credible information were professional news outlets that employ reporters and editors to uphold the integrity of information. Today, social media companies are the primary gatekeepers, and the general public is publishing millions of pieces of content on a daily basis without proper checks and balances. That means the onus is on consumers, executives, companies, politicians, organizations, academics, and anyone else with a reputation at stake, to monitor these channels for misleading and false information, Pondel says. In Social Media We Distrust Among the more nefarious activities playing out on social media are so called First Amendment Auditors, some of whom operate under the guise of upholding First Amendment rights, but in reality, confront unsuspecting subjects in gotcha videos that are then posted online to extort money. We are privileged to live in a country where freedom of speech is a fundamental right. The problem is, people are abusing this right on social media channels, harassing the innocent and disrupting businesses, Pondel says. It is incumbent on management teams to have a communications plan in place to ensure social media channels serve as a resource to communicate with key audiences. It is also important that business owners and employees know their rights with respect to social media and what is appropriate when it comes to posting about a company, Pondel says. News in Disguise While trust in certain social media channels will wax and wane, the fact that people utilize these channels to consume and broadcast information is unlikely to change. About half of U.S. adults (53%) say they get news from social media often or sometimes, according to a Pew Research Center survey conducted Aug. 31 Sept. 7, 2020. Pondel says the convenience afforded by social media channels makes thumbing through an Instagram feed to read New York Times headlines a lot easier than toggling between two different applications. This convenience comes at a price. Illegitimate news on social media platforms is often camouflaged by legitimate posts from trusted news sources, Pondel says. Reddit and Medium are perfect examples of the confluence of credible and uncredible information running on the same platform. A Wall Street Journal reporter may post an article adjacent to an article posted by a stock promoter. For companies and executives, dedicating someone to monitor these channels is no longer a luxury. It is a necessity, Pondel says. Social Media Trust Survey Methodology The Social Media Trust Survey was conducted by Engine Insights among a sample of 2,006 adults 18 and older. The online omnibus study is conducted three times a week among a demographically representative U.S. sample. This survey was live Feb. 5 Feb. 7, 2021. To view the full survey results, please email info@triunfopartners.com. About Triunfo Partners Triunfo Partners is a strategic communications, investor relations, and digital branding firm that advises senior management teams, boards of directors, governments, organizations and high-profile individuals. The firm specializes in programs that engage key stakeholders during critical moments, including product launches, management changes, crises, M&A transactions, initial public offerings, quarterly earnings cycles, shareholder activism, bankruptcy, political campaigns and philanthropic events.
Answer:
|
Americans Trust Facebook More Than Other Popular Social Media Channels, Says Social Media Trust Survey -- Nearly a Third of Americans Do Not Trust Any Major Social Media Channel -- -- Twitter is Least Trustworthy Platform Among Big Five --
|
LOS ANGELES--(BUSINESS WIRE)--As social media companies continue to grapple with how to deal with misinformation about the election and pandemic, more Americans trust Facebook when compared with other popular platforms, including YouTube, Instagram, LinkedIn, and Twitter, according to the Social Media Trust Survey conducted in February 2021 by Engine Insights on behalf of Triunfo Partners. The survey finds that 25 percent of Americans say they trust Facebook the most, versus YouTube (15 percent), Instagram (9 percent), LinkedIn (7 percent), and Twitter (5 percent). At the same time, more than 30 percent of Americans say they dont trust any of the Big Five social media platforms. With more than 2,000 respondents across the country and a margin of error of 2.19 percent, the Social Media Trust Survey validates the pervasive wave of distrust many people feel toward these platforms. People have been serving up content to these channels for years without considering its effect, strengthening the breadth and reach of social media outlets that have become breeding grounds for misinformation and fake news, says Evan Pondel, founder and CEO of Triunfo Partners, a Los Angeles-based strategic communications firm, which does not represent any social media companies. Historically, the gatekeepers and distributors of credible information were professional news outlets that employ reporters and editors to uphold the integrity of information. Today, social media companies are the primary gatekeepers, and the general public is publishing millions of pieces of content on a daily basis without proper checks and balances. That means the onus is on consumers, executives, companies, politicians, organizations, academics, and anyone else with a reputation at stake, to monitor these channels for misleading and false information, Pondel says. In Social Media We Distrust Among the more nefarious activities playing out on social media are so called First Amendment Auditors, some of whom operate under the guise of upholding First Amendment rights, but in reality, confront unsuspecting subjects in gotcha videos that are then posted online to extort money. We are privileged to live in a country where freedom of speech is a fundamental right. The problem is, people are abusing this right on social media channels, harassing the innocent and disrupting businesses, Pondel says. It is incumbent on management teams to have a communications plan in place to ensure social media channels serve as a resource to communicate with key audiences. It is also important that business owners and employees know their rights with respect to social media and what is appropriate when it comes to posting about a company, Pondel says. News in Disguise While trust in certain social media channels will wax and wane, the fact that people utilize these channels to consume and broadcast information is unlikely to change. About half of U.S. adults (53%) say they get news from social media often or sometimes, according to a Pew Research Center survey conducted Aug. 31 Sept. 7, 2020. Pondel says the convenience afforded by social media channels makes thumbing through an Instagram feed to read New York Times headlines a lot easier than toggling between two different applications. This convenience comes at a price. Illegitimate news on social media platforms is often camouflaged by legitimate posts from trusted news sources, Pondel says. Reddit and Medium are perfect examples of the confluence of credible and uncredible information running on the same platform. A Wall Street Journal reporter may post an article adjacent to an article posted by a stock promoter. For companies and executives, dedicating someone to monitor these channels is no longer a luxury. It is a necessity, Pondel says. Social Media Trust Survey Methodology The Social Media Trust Survey was conducted by Engine Insights among a sample of 2,006 adults 18 and older. The online omnibus study is conducted three times a week among a demographically representative U.S. sample. This survey was live Feb. 5 Feb. 7, 2021. To view the full survey results, please email info@triunfopartners.com. About Triunfo Partners Triunfo Partners is a strategic communications, investor relations, and digital branding firm that advises senior management teams, boards of directors, governments, organizations and high-profile individuals. The firm specializes in programs that engage key stakeholders during critical moments, including product launches, management changes, crises, M&A transactions, initial public offerings, quarterly earnings cycles, shareholder activism, bankruptcy, political campaigns and philanthropic events.
|
edtsum3723
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: WALTHAM, Mass., March 13, 2020 /PRNewswire/ --Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, announced today that the U.S. Food and Drug Administration (FDA) has issued an emergency use authorization (EUA) forits diagnostic test that can be used immediately by CLIA high-complexity laboratories in the U.S. to detect nucleic acid from SARS-CoV-2, the virus that causes COVID-19, and not for any other viruses or pathogens. Theauthorized test uses Applied Biosystems TaqPath Assay technology and is designed to provide patient results within four hours of a sample being received by a lab. The estimated time-to-result also includes time for sample preparation and instrument analysis. "The authorization of our diagnostic test for COVID-19 will help to protect patients and enable medical staff to respond swiftly to treat those who are ill and prevent the spread of infection," said Marc N. Casper, chairman, president and chief executive officer of Thermo Fisher Scientific. "At Thermo Fisher, our Mission is to enable our customers to make the world healthier, cleaner and safer. In partnership with the FDA and regulatory authorities around the world, we are committed to expanding the availability of diagnostic testing to prevent the spread of this disease." The EUA test is optimized for use on the company's Applied Biosystems 7500 Fast Dx Real-time PCR instrument, which is covered under the EUA and already used in clinical laboratories worldwide. This test has not been FDA cleared or approved, however, the FDA can issue an EUA to permit use of certain medical products that may be effective in diagnosing, treating or preventing a disease or condition, as in the case of the novel coronavirus when the secretary of the U.S. Department of Health and Human Services (HHS) declares a public health emergency. HHS Secretary Alex Azar declared an emergency for COVID-19 on January 31. The test is only authorized for the duration of the declaration that circumstances exist justifying the authorization of emergency use of in vitro diagnostic tests for detection and/or diagnosis of COVID-19 under Section 564(b)(1) of the Act, 21 U.S.C. 360bbb-3(b)(1), unless the authorization is terminated or revoked sooner. For more information about the test, visit www.thermofisher.com/COVID19EUA About Thermo Fisher ScientificThermo Fisher Scientific Inc. is the world leader in serving science, with annual revenue exceeding $25 billion. Our Mission is to enable our customers to make the world healthier, cleaner and safer. Whether our customers are accelerating life sciences research, solving complex analytical challenges, improving patient diagnostics and therapies or increasing productivity in their laboratories, we are here to support them. Our global team of more than 75,000 colleagues delivers an unrivaled combination of innovative technologies, purchasing convenience and pharmaceutical services through our industry-leading brands, including Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific, Unity Lab Services and Patheon. For more information, please visit www.thermofisher.com. Media Contact Information:Ron O'BrienPhone: 781-622-1242E-mail: [emailprotected] Investor Contact Information:Ken ApicernoPhone: 781-622-1294E-mail: [emailprotected] SOURCE Thermo Fisher Scientific Related Links http://www.thermofisher.com
Answer:
|
FDA Issues Emergency Use Authorization to Thermo Fisher Scientific for Diagnostic Test Used to Detect COVID-19
|
WALTHAM, Mass., March 13, 2020 /PRNewswire/ --Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, announced today that the U.S. Food and Drug Administration (FDA) has issued an emergency use authorization (EUA) forits diagnostic test that can be used immediately by CLIA high-complexity laboratories in the U.S. to detect nucleic acid from SARS-CoV-2, the virus that causes COVID-19, and not for any other viruses or pathogens. Theauthorized test uses Applied Biosystems TaqPath Assay technology and is designed to provide patient results within four hours of a sample being received by a lab. The estimated time-to-result also includes time for sample preparation and instrument analysis. "The authorization of our diagnostic test for COVID-19 will help to protect patients and enable medical staff to respond swiftly to treat those who are ill and prevent the spread of infection," said Marc N. Casper, chairman, president and chief executive officer of Thermo Fisher Scientific. "At Thermo Fisher, our Mission is to enable our customers to make the world healthier, cleaner and safer. In partnership with the FDA and regulatory authorities around the world, we are committed to expanding the availability of diagnostic testing to prevent the spread of this disease." The EUA test is optimized for use on the company's Applied Biosystems 7500 Fast Dx Real-time PCR instrument, which is covered under the EUA and already used in clinical laboratories worldwide. This test has not been FDA cleared or approved, however, the FDA can issue an EUA to permit use of certain medical products that may be effective in diagnosing, treating or preventing a disease or condition, as in the case of the novel coronavirus when the secretary of the U.S. Department of Health and Human Services (HHS) declares a public health emergency. HHS Secretary Alex Azar declared an emergency for COVID-19 on January 31. The test is only authorized for the duration of the declaration that circumstances exist justifying the authorization of emergency use of in vitro diagnostic tests for detection and/or diagnosis of COVID-19 under Section 564(b)(1) of the Act, 21 U.S.C. 360bbb-3(b)(1), unless the authorization is terminated or revoked sooner. For more information about the test, visit www.thermofisher.com/COVID19EUA About Thermo Fisher ScientificThermo Fisher Scientific Inc. is the world leader in serving science, with annual revenue exceeding $25 billion. Our Mission is to enable our customers to make the world healthier, cleaner and safer. Whether our customers are accelerating life sciences research, solving complex analytical challenges, improving patient diagnostics and therapies or increasing productivity in their laboratories, we are here to support them. Our global team of more than 75,000 colleagues delivers an unrivaled combination of innovative technologies, purchasing convenience and pharmaceutical services through our industry-leading brands, including Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific, Unity Lab Services and Patheon. For more information, please visit www.thermofisher.com. Media Contact Information:Ron O'BrienPhone: 781-622-1242E-mail: [emailprotected] Investor Contact Information:Ken ApicernoPhone: 781-622-1294E-mail: [emailprotected] SOURCE Thermo Fisher Scientific Related Links http://www.thermofisher.com
|
edtsum3726
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: AALBORG, Denmark, April 22, 2021 /PRNewswire/ -- Asetek A/S (OSE: ASTK) today held the annual general meeting at its offices in Aalborg, Denmark. The general meeting took note of the report by the Board of Directors and Management, and the audited annual report for 2020 was approved. The Nomination Committee reported on its activities during last year. The Nomination Committee's proposed remuneration to be paid to the members of the Board of Directors were adopted. The remuneration report for 2020 was adopted. The proposed candidates were all elected, and the Board of Directors is hereinafter composed of the following: - Jukka Pertola- Erik Damsgaard- Jrgen Smidt- Maria Hjorth The following were elected to the Nomination Committee and the Committee is hereinafter composed of the following: - Ib Snderby- Claus Berner Mller- Jukka Pertola Following the general meeting, the Board of Directors constituted itself with Mr. Jukka Pertola as chairman and Mr. Erik Damsgaard as vice chairman. Mr. Ib Snderby is chairman of the Nomination Committee. Mrs. Maria Hjorth is chairman of the Audit Committee, and Mr. Jukka Pertola is chairman of the Remuneration Committee. PricewaterhouseCoopers, State Authorized Public Accountants were re-elected as auditors. The general meeting authorized the Board of Directors to, until the next annual general meeting, to acquire the Company's own shares. The general meeting adopted the new remuneration policy for the remuneration of the management as prepared by the Board of Directors All proposals were adopted. For further information, please contact: Andr S. Eriksen, Chief Executive Officer Mobile: +45 2125 7076, e-mail:[emailprotected] Peter Dam Madsen, Chief Financial Officer Mobile: +45 2080 7200, e-mail:[emailprotected] Peter Dam Madsen Asetek A/SAssensvej 2DK-9220 Aalborg East This information was brought to you by Cision http://news.cision.com https://news.cision.com/asetek/r/asetek---outcome-of-annual-general-meeting,c3331422 The following files are available for download: https://mb.cision.com/Main/6758/3331422/1405858.pdf Release SOURCE Asetek
Answer:
|
Asetek - Outcome of Annual General Meeting - Following the general meeting, the Board of Directors constituted itself with Mr. Jukka Pertola as chairman and Mr. Erik Damsgaard as vice chairman
|
AALBORG, Denmark, April 22, 2021 /PRNewswire/ -- Asetek A/S (OSE: ASTK) today held the annual general meeting at its offices in Aalborg, Denmark. The general meeting took note of the report by the Board of Directors and Management, and the audited annual report for 2020 was approved. The Nomination Committee reported on its activities during last year. The Nomination Committee's proposed remuneration to be paid to the members of the Board of Directors were adopted. The remuneration report for 2020 was adopted. The proposed candidates were all elected, and the Board of Directors is hereinafter composed of the following: - Jukka Pertola- Erik Damsgaard- Jrgen Smidt- Maria Hjorth The following were elected to the Nomination Committee and the Committee is hereinafter composed of the following: - Ib Snderby- Claus Berner Mller- Jukka Pertola Following the general meeting, the Board of Directors constituted itself with Mr. Jukka Pertola as chairman and Mr. Erik Damsgaard as vice chairman. Mr. Ib Snderby is chairman of the Nomination Committee. Mrs. Maria Hjorth is chairman of the Audit Committee, and Mr. Jukka Pertola is chairman of the Remuneration Committee. PricewaterhouseCoopers, State Authorized Public Accountants were re-elected as auditors. The general meeting authorized the Board of Directors to, until the next annual general meeting, to acquire the Company's own shares. The general meeting adopted the new remuneration policy for the remuneration of the management as prepared by the Board of Directors All proposals were adopted. For further information, please contact: Andr S. Eriksen, Chief Executive Officer Mobile: +45 2125 7076, e-mail:[emailprotected] Peter Dam Madsen, Chief Financial Officer Mobile: +45 2080 7200, e-mail:[emailprotected] Peter Dam Madsen Asetek A/SAssensvej 2DK-9220 Aalborg East This information was brought to you by Cision http://news.cision.com https://news.cision.com/asetek/r/asetek---outcome-of-annual-general-meeting,c3331422 The following files are available for download: https://mb.cision.com/Main/6758/3331422/1405858.pdf Release SOURCE Asetek
|
edtsum3729
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: BALTIMORE, Dec. 17, 2020 /PRNewswire/ --Bellese Technologies has been awarded a Top Workplaces 2020 honor by The Baltimore Sun for a 3rd consecutive year. The award is based solely on employee feedback gathered through technology partner Energage, LLC. The anonymous survey uniquely measures 15 drivers of engaged cultures that are critical to the success of any organization: including alignment, execution, and connection, just to name a few. "We are honored to receive this award," said Pam Offutt, CEO & Partner of Bellese. "Bellese personnel are driven by doing meaningful work. We take great pride in their accomplishments and are grateful for their dedication to modernizing healthcare." Active in their local community, Bellese personnel and the company donated nearly $15,000 to local nonprofits at the onset of the pandemic. Bellese has also partnered with Code for Baltimore and the Baltimore City Health Department to better respond to COVID-19 tracking needs. Interested in joining Bellese? Explore local or remote career opportunities by visiting bellese.io/careers and following Bellese Technologies on LinkedIn. ABOUT BELLESE TECHNOLOGIES: Founded in 2009, Bellese Technologies is a user-driven service design company in the Baltimore metro area. Bellese partners with health and human services clients in the public and private sectors.The firm leverages modern technology, user-guided design, and silo-busting collaboration to help its clients expand and accelerate the positive impact they have on society. Currently, Bellese works with the Centers for Medicare & Medicaid Services, supporting price transparency, Medicare payment system modernization, and quality of care initiatives. Bellese holds the GSA Multiple Award Schedule (MAS) and two CMS agile blanket purchase agreements (BPA) the Medicare Payment System Modernization (MPSM) BPA and the Agile Delivery to Execute Legislative Endeavors-Quality Related Initiatives (ADELE-QRI) BPA. Contact:Mark Adkins, Marketing Manager202-335-0065[emailprotected] SOURCE Bellese Technologies Related Links https://bellese.io
Answer:
|
The Baltimore Sun Names Bellese a 2020 Top Workplace Baltimore-based civic technology firm has been a recipient of the award for three consecutive years
|
BALTIMORE, Dec. 17, 2020 /PRNewswire/ --Bellese Technologies has been awarded a Top Workplaces 2020 honor by The Baltimore Sun for a 3rd consecutive year. The award is based solely on employee feedback gathered through technology partner Energage, LLC. The anonymous survey uniquely measures 15 drivers of engaged cultures that are critical to the success of any organization: including alignment, execution, and connection, just to name a few. "We are honored to receive this award," said Pam Offutt, CEO & Partner of Bellese. "Bellese personnel are driven by doing meaningful work. We take great pride in their accomplishments and are grateful for their dedication to modernizing healthcare." Active in their local community, Bellese personnel and the company donated nearly $15,000 to local nonprofits at the onset of the pandemic. Bellese has also partnered with Code for Baltimore and the Baltimore City Health Department to better respond to COVID-19 tracking needs. Interested in joining Bellese? Explore local or remote career opportunities by visiting bellese.io/careers and following Bellese Technologies on LinkedIn. ABOUT BELLESE TECHNOLOGIES: Founded in 2009, Bellese Technologies is a user-driven service design company in the Baltimore metro area. Bellese partners with health and human services clients in the public and private sectors.The firm leverages modern technology, user-guided design, and silo-busting collaboration to help its clients expand and accelerate the positive impact they have on society. Currently, Bellese works with the Centers for Medicare & Medicaid Services, supporting price transparency, Medicare payment system modernization, and quality of care initiatives. Bellese holds the GSA Multiple Award Schedule (MAS) and two CMS agile blanket purchase agreements (BPA) the Medicare Payment System Modernization (MPSM) BPA and the Agile Delivery to Execute Legislative Endeavors-Quality Related Initiatives (ADELE-QRI) BPA. Contact:Mark Adkins, Marketing Manager202-335-0065[emailprotected] SOURCE Bellese Technologies Related Links https://bellese.io
|
edtsum3731
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: DOWNERS GROVE, Ill., Dec. 29, 2020 /PRNewswire/ -- Blackmer,part of PSG, a Dover(NYSE: DOV) company, and a global leader in specialty pumps and reciprocating compressor technologies, is pleased to announce the launch of its new System One High Temperature Series Centrifugal Pumps. Utilizing high-temperature flanges and elastomers, as well as a unique centerline mount that further supports high temperatures, System One High Temperature Series pumps are able to exceed the 400F (204C) standard temperature limit of conventional centrifugal pumps. This combination of design features allows the System One High Temperature Series to support safe and reliable transfer of critical and valuable fluids in a wide variety of high-temperature applications, including thermal oils, petrochemical, heat transfer, plastics, paper and more. The Blackmer System One High Temperature Series is pre-configured to meet temperature requirements of up to 450F (232C) with the 450F Line, 650F (343C) with the 650F Line and even 750F (398C) with additional configurations and factory consultation. These pumps have been specifically designed to increase the temperature limits for Blackmer Frame A and Frame M centrifugal pumps while offering the same mechanical advantages and proven design features that provide maximum reliability and long life. System One High Temperature Series pumps offer capacities up to 1,400 gpm (5,299 L/min) and incorporate high temperature bushings, fasteners and paint. System One High Temperature Series pumps are also backed by an industry-leading five-year power end performance assurance and a one-year mechanical seal performance assurance. For more information on Blackmer, please go to blackmer.com. Blackmer is a product brand within PSG, a Dover company. For more information on PSG, please go to psgdover.com. About Blackmer:Blackmer is the leading global provider of innovative and high-quality positive displacement, regenerative turbine and centrifugal pump, and reciprocating compressor technologies for the transfer of liquids and gasses. For more than a century, the Blackmer name has stood for unparalleled product performance, superior services and support, well-timed innovation and a commitment to total customer satisfaction. Supported by a worldwide network of distributors and original equipment manufacturers, Blackmer pumps and compressors are used in a multitude of applications in the Process, Energy and Military & Marine markets. Blackmer, headquartered in Grand Rapids, Michigan, USA, is part of PSG, a Dover company. For more information on Blackmer, please go to blackmer.com. About PSG:PSG is a global pump and dispensing solution expert and leading manufacturer of pumps, systems and related flow-control technology for the safe and efficient transfer of critical and valuable fluids and materials. Headquartered in Oakbrook Terrace, IL, USA, PSG is comprised of several world-class brands, including Abaque, All-Flo, Almatec, Blackmer, Ebsray, EnviroGear, Griswold, Hydro Systems, Mouvex, Neptune, Quattroflow and Wilden. PSG products are manufactured on three continents, North America, Europe and Asia, in state-of-the-art facilities that practice lean manufacturing and are ISO-certified. PSG is part of the Pumps and Process Solutions segment of Dover Corporation. For additional information on PSG, please visit psgdover.com. PSG: Where Innovation Flows. About Dover:Dover is a diversified global manufacturer and solutions provider with annual revenue of approximately $7 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Fueling Solutions, Imaging & Identification, Pumps & Process Solutions and Refrigeration & Food Equipment. Dover combines global scale, operational agility, world-class engineering capability and customer intimacy to lead the markets we serve. Recognized for our entrepreneurial approach for over 60 years, our team of over 23,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at dovercorporation.com. PSG Contact:Mark Pyk(616) 475-9330[emailprotected] DoverMediaContact:AdrianSakowicz, VP, Communications (630) 743-5039[emailprotected] Dover Investor Contact:AndreyGaliuk, VP, Corporate Development and Investor Relations(630) 743-5131[emailprotected] SOURCE Dover Related Links http://www.dovercorporation.com
Answer:
|
Blackmer Releases New System One High Temperature Series Centrifugal Pumps
|
DOWNERS GROVE, Ill., Dec. 29, 2020 /PRNewswire/ -- Blackmer,part of PSG, a Dover(NYSE: DOV) company, and a global leader in specialty pumps and reciprocating compressor technologies, is pleased to announce the launch of its new System One High Temperature Series Centrifugal Pumps. Utilizing high-temperature flanges and elastomers, as well as a unique centerline mount that further supports high temperatures, System One High Temperature Series pumps are able to exceed the 400F (204C) standard temperature limit of conventional centrifugal pumps. This combination of design features allows the System One High Temperature Series to support safe and reliable transfer of critical and valuable fluids in a wide variety of high-temperature applications, including thermal oils, petrochemical, heat transfer, plastics, paper and more. The Blackmer System One High Temperature Series is pre-configured to meet temperature requirements of up to 450F (232C) with the 450F Line, 650F (343C) with the 650F Line and even 750F (398C) with additional configurations and factory consultation. These pumps have been specifically designed to increase the temperature limits for Blackmer Frame A and Frame M centrifugal pumps while offering the same mechanical advantages and proven design features that provide maximum reliability and long life. System One High Temperature Series pumps offer capacities up to 1,400 gpm (5,299 L/min) and incorporate high temperature bushings, fasteners and paint. System One High Temperature Series pumps are also backed by an industry-leading five-year power end performance assurance and a one-year mechanical seal performance assurance. For more information on Blackmer, please go to blackmer.com. Blackmer is a product brand within PSG, a Dover company. For more information on PSG, please go to psgdover.com. About Blackmer:Blackmer is the leading global provider of innovative and high-quality positive displacement, regenerative turbine and centrifugal pump, and reciprocating compressor technologies for the transfer of liquids and gasses. For more than a century, the Blackmer name has stood for unparalleled product performance, superior services and support, well-timed innovation and a commitment to total customer satisfaction. Supported by a worldwide network of distributors and original equipment manufacturers, Blackmer pumps and compressors are used in a multitude of applications in the Process, Energy and Military & Marine markets. Blackmer, headquartered in Grand Rapids, Michigan, USA, is part of PSG, a Dover company. For more information on Blackmer, please go to blackmer.com. About PSG:PSG is a global pump and dispensing solution expert and leading manufacturer of pumps, systems and related flow-control technology for the safe and efficient transfer of critical and valuable fluids and materials. Headquartered in Oakbrook Terrace, IL, USA, PSG is comprised of several world-class brands, including Abaque, All-Flo, Almatec, Blackmer, Ebsray, EnviroGear, Griswold, Hydro Systems, Mouvex, Neptune, Quattroflow and Wilden. PSG products are manufactured on three continents, North America, Europe and Asia, in state-of-the-art facilities that practice lean manufacturing and are ISO-certified. PSG is part of the Pumps and Process Solutions segment of Dover Corporation. For additional information on PSG, please visit psgdover.com. PSG: Where Innovation Flows. About Dover:Dover is a diversified global manufacturer and solutions provider with annual revenue of approximately $7 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Fueling Solutions, Imaging & Identification, Pumps & Process Solutions and Refrigeration & Food Equipment. Dover combines global scale, operational agility, world-class engineering capability and customer intimacy to lead the markets we serve. Recognized for our entrepreneurial approach for over 60 years, our team of over 23,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at dovercorporation.com. PSG Contact:Mark Pyk(616) 475-9330[emailprotected] DoverMediaContact:AdrianSakowicz, VP, Communications (630) 743-5039[emailprotected] Dover Investor Contact:AndreyGaliuk, VP, Corporate Development and Investor Relations(630) 743-5131[emailprotected] SOURCE Dover Related Links http://www.dovercorporation.com
|
edtsum3732
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: IRVING, Texas--(BUSINESS WIRE)--Vizient, Inc. has restructured its annual conference for members and suppliers to create a virtual format that includes educational sessions, keynote presentations and targeted networking opportunities. The 2020 Connections Education Summit will be held Sept 15-17 and focus on fostering greater understanding and collaboration around business needs that can lead to more cost-effective care delivery. This year has been especially challenging for the health care industry and we are excited to be able to offer our members and suppliers a virtual program that includes the educational sessions, keynotes and networking opportunities with peers that they value, said Bryon Jobe, president and chief executive officer for Vizient. The opening general session on Sept. 16 features three FocusChat presentations providing a vision of the future of health care through the unique perspectives of Warner Thomas, president and CEO of Ochsner Health System, Tom Polen, president and CEO of BD and Janice Nevin, M.D., MPH, president and CEO at ChristianaCare. The session and live stream Q&A will be moderated by Ian Morrison, an internationally known consultant, futurist and New York Times business best-selling author. Sekou Andrews, Poetic Voice CEO/Founder, SekouWorld Inc. will be the closing session keynote on Sept. 17. Andrews is the worlds leading poetic voice and two-time national poetry slam champion, entrepreneur, and award-winning inspirational speaker. During his program, Sekou will deliver what promises to be a memorable nod to the health care industry. The Summit is free for Vizient members and suppliers to attend, but registration is required prior to the event. Registered participants will receive a link enabling them access to join virtual Summit sessions as well as on-demand educational content. Vizient members and contracted suppliers can click here to register for the event. About Vizient, Inc. Vizient, Inc. provides solutions and services that improve the delivery of high-value care by aligning cost, quality and market performance for more than 50% of the nations acute care providers, which includes 95% of the nations academic medical centers, and more than 20% of ambulatory providers. Vizient provides expertise, analytics and advisory services, as well as a contract portfolio that represents more than $100 billion in annual purchasing volume, to improve patient outcomes and lower costs. Vizient has earned a Worlds Most Ethical Company designation from the Ethisphere Institute every year since its inception. Headquartered in Irving, Texas, Vizient has offices throughout the United States. Learn more at www.vizientinc.com.
Answer:
|
Vizient Announces Virtual Format for 2020 Connections Education Summit
|
IRVING, Texas--(BUSINESS WIRE)--Vizient, Inc. has restructured its annual conference for members and suppliers to create a virtual format that includes educational sessions, keynote presentations and targeted networking opportunities. The 2020 Connections Education Summit will be held Sept 15-17 and focus on fostering greater understanding and collaboration around business needs that can lead to more cost-effective care delivery. This year has been especially challenging for the health care industry and we are excited to be able to offer our members and suppliers a virtual program that includes the educational sessions, keynotes and networking opportunities with peers that they value, said Bryon Jobe, president and chief executive officer for Vizient. The opening general session on Sept. 16 features three FocusChat presentations providing a vision of the future of health care through the unique perspectives of Warner Thomas, president and CEO of Ochsner Health System, Tom Polen, president and CEO of BD and Janice Nevin, M.D., MPH, president and CEO at ChristianaCare. The session and live stream Q&A will be moderated by Ian Morrison, an internationally known consultant, futurist and New York Times business best-selling author. Sekou Andrews, Poetic Voice CEO/Founder, SekouWorld Inc. will be the closing session keynote on Sept. 17. Andrews is the worlds leading poetic voice and two-time national poetry slam champion, entrepreneur, and award-winning inspirational speaker. During his program, Sekou will deliver what promises to be a memorable nod to the health care industry. The Summit is free for Vizient members and suppliers to attend, but registration is required prior to the event. Registered participants will receive a link enabling them access to join virtual Summit sessions as well as on-demand educational content. Vizient members and contracted suppliers can click here to register for the event. About Vizient, Inc. Vizient, Inc. provides solutions and services that improve the delivery of high-value care by aligning cost, quality and market performance for more than 50% of the nations acute care providers, which includes 95% of the nations academic medical centers, and more than 20% of ambulatory providers. Vizient provides expertise, analytics and advisory services, as well as a contract portfolio that represents more than $100 billion in annual purchasing volume, to improve patient outcomes and lower costs. Vizient has earned a Worlds Most Ethical Company designation from the Ethisphere Institute every year since its inception. Headquartered in Irving, Texas, Vizient has offices throughout the United States. Learn more at www.vizientinc.com.
|
edtsum3753
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: PORTLAND, Ore., Oct. 13, 2020 /PRNewswire/ -- Cambia Health Solutions is pleased to welcome Scott Seymour as vice president of network management and provider partnership innovation. Seymour will lead the network management approach for Cambia's regional health plans, continuing Cambia's focus on provider experience improvement as part of our commitment to the quadruple aim. Seymour brings 20 years of executive leadership in health care, including expertise in innovative partnerships that improve patient care outcomes through strategic collaborations with providers. Cambia announces Scott Seymour as vice president of network management and provider partnership innovation. Seymour will lead the network management approach for Cambias regional health plans, continuing Cambias focus on provider experience improvement as part of our commitment to the quadruple aim. He comes to Cambia from Aetna, where he was most recently head of value-based solutions management for Medicare and commercial plans. He provided strategic leadership for contracting and engagement strategies enterprise-wide to transition providers from fee-for-service contracts to those that use data to improve individuals' health. During his time in value-based contracting, Medicare membership covered in a value-based solution grew significantly, resulting in improved quality of health outcomes for a greater share of the population. "Collaborative and innovative relationships with providers are critical to ensuring we can improve the health of people and their families. Scott's success in driving value-based arrangements and his deep industry experience will help continue our commitment to providing value for our members and customers, and an improved experience for our provider partners," said Dr. Marion Couch, Cambia senior vice president and chief medical officer. "Cambia's dedication to transforming health care to be more person-focused and economically sustainable was an attraction for me," Seymour said. "Having spent the past 20 years with a national payer, I look forward to developing relationships at the regional level to further improve health care."Seymour's health insurance expertise began in underwriting before he became an actuary and ultimately moved to the business side. Before working in value-based solutions, he led Medicare Part D analytics and supported a pilot program for the Centers for Medicare & Medicaid Services aimed at high-risk, co-morbid members. His involvement in value-based solutions includes experience as both a contract negotiator and an engagement manager of outcomes-based payment models before leading value-based solutions. About Cambia Health SolutionsCambia Health Solutions, headquartered in Portland, Oregon, is dedicated to transforming health care. We are a family of over 20 companies that work together to make the health care system more economically sustainable and efficient for people and their families. Our solutions empower over 80million Americans nationwide, including more than 3million people in the Pacific Northwest who are enrolled in our regional health plans. To learn more about us, visit CambiaHealth.com or Twitter.com/Cambia.SOURCE Cambia Health Solutions Related Links www.cambiahealth.com
Answer:
|
Cambia Health Solutions Welcomes Scott Seymour As Vice President Of Network Management And Provider Partnership Innovation Seymour brings extensive experience in driving value-based arrangements through collaborative partnerships with providers to improve patient health and make care more affordable
|
PORTLAND, Ore., Oct. 13, 2020 /PRNewswire/ -- Cambia Health Solutions is pleased to welcome Scott Seymour as vice president of network management and provider partnership innovation. Seymour will lead the network management approach for Cambia's regional health plans, continuing Cambia's focus on provider experience improvement as part of our commitment to the quadruple aim. Seymour brings 20 years of executive leadership in health care, including expertise in innovative partnerships that improve patient care outcomes through strategic collaborations with providers. Cambia announces Scott Seymour as vice president of network management and provider partnership innovation. Seymour will lead the network management approach for Cambias regional health plans, continuing Cambias focus on provider experience improvement as part of our commitment to the quadruple aim. He comes to Cambia from Aetna, where he was most recently head of value-based solutions management for Medicare and commercial plans. He provided strategic leadership for contracting and engagement strategies enterprise-wide to transition providers from fee-for-service contracts to those that use data to improve individuals' health. During his time in value-based contracting, Medicare membership covered in a value-based solution grew significantly, resulting in improved quality of health outcomes for a greater share of the population. "Collaborative and innovative relationships with providers are critical to ensuring we can improve the health of people and their families. Scott's success in driving value-based arrangements and his deep industry experience will help continue our commitment to providing value for our members and customers, and an improved experience for our provider partners," said Dr. Marion Couch, Cambia senior vice president and chief medical officer. "Cambia's dedication to transforming health care to be more person-focused and economically sustainable was an attraction for me," Seymour said. "Having spent the past 20 years with a national payer, I look forward to developing relationships at the regional level to further improve health care."Seymour's health insurance expertise began in underwriting before he became an actuary and ultimately moved to the business side. Before working in value-based solutions, he led Medicare Part D analytics and supported a pilot program for the Centers for Medicare & Medicaid Services aimed at high-risk, co-morbid members. His involvement in value-based solutions includes experience as both a contract negotiator and an engagement manager of outcomes-based payment models before leading value-based solutions. About Cambia Health SolutionsCambia Health Solutions, headquartered in Portland, Oregon, is dedicated to transforming health care. We are a family of over 20 companies that work together to make the health care system more economically sustainable and efficient for people and their families. Our solutions empower over 80million Americans nationwide, including more than 3million people in the Pacific Northwest who are enrolled in our regional health plans. To learn more about us, visit CambiaHealth.com or Twitter.com/Cambia.SOURCE Cambia Health Solutions Related Links www.cambiahealth.com
|
edtsum3756
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: Customers include franchises for notable brands including some of the world's largest restaurant chains, automotive dealers, and fitness centers Company expects Connected Buildings segment to thrive in 2021 as new campaign targets over 20,000 businesses in New York and California VANCOUVER, BC, Dec. 22, 2020 /PRNewswire/ - mCloud Technologies Corp. (TSXV: MCLD) (OTCQB: MCLDF) ("mCloud" or the "Company"), a leading provider of asset management solutions combining IoT, cloud computing, and artificial intelligence ("AI"), today announced it signed its first ten AssetCare contracts with building operators based in New York. These contracts kick off a new commercial building campaign for the Company, aimed at businesses operating portfolios of small- and medium-sized buildings in New York and California. The first customers from this campaign include globally recognized restaurants, automotive dealers, fitness centers, and other customers who each operate multiple locations in New York and California. The campaign is based on exclusive partnerships the Company has secured with local service providers in these two states to jointly market and offer mCloud's unique solutions using IoT and AI to drive improvements in indoor air quality and energy efficiency. "This set of ten AssetCare subscription contracts is expected to be the first of many for mCloud in 2021," said Dr. Patrick O'Neill, mCloud's President for North America. "Businesses across New York and California are struggling to find an easy-to-implement solution to help them be compliant with new health regulations and reassure their customers and employees their buildings are safe both are now required to get these thousands of businesses back to work." "mCloud's AI-enabled Connected Buildings offering is the easiest solution for these operators, period," O'Neill added. "The unique and compelling economics offered by AssetCare and our partnership with local providers allow us to offer an unbeatable solution to these businesses who now have no choice but to adapt." AssetCare for Connected Buildings combines a comprehensive indoor air quality solution with IoT- and AI-powered building management, which drive operational and energy efficiency improvements that help offset its cost. As with the Company's AssetCare solutions in other segments, AssetCare delivers direct, measurable business results through the cloud under a recurring subscription model the Company calls "Results-as-a-Service." Because mCloud uniquely combines IoT, AI, and the cloud to drive continuous improvements 24/7, the Company is able to serve small- and medium-size commercial building operators where standard building control solutions are cost-prohibitive. The Company uses AI to provide 24/7 managed Live Operations ("LiveOps") with every AssetCare subscription, continuously monitoring and optimizing the ventilation and air purification systems of every connected building to ensure newly defined CDC and ASHRAE standards are met in the most cost-efficient manner possible. Forward-Looking Information and Statements This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information contained herein may include information related to the expected results of a new multi-site commercial building campaign in 2021. By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. An investment in securities of the Company is speculative and subject to several risks as discussed under the heading "Risk Factors" on pages 29 to 46 of the Company's filing statement dated October 5, 2017. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. In connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE mCloud Technologies Corp.
Answer:
|
mCloud Connects First Ten New York Buildings in New Multi-Site Commercial Building Campaign
|
Customers include franchises for notable brands including some of the world's largest restaurant chains, automotive dealers, and fitness centers Company expects Connected Buildings segment to thrive in 2021 as new campaign targets over 20,000 businesses in New York and California VANCOUVER, BC, Dec. 22, 2020 /PRNewswire/ - mCloud Technologies Corp. (TSXV: MCLD) (OTCQB: MCLDF) ("mCloud" or the "Company"), a leading provider of asset management solutions combining IoT, cloud computing, and artificial intelligence ("AI"), today announced it signed its first ten AssetCare contracts with building operators based in New York. These contracts kick off a new commercial building campaign for the Company, aimed at businesses operating portfolios of small- and medium-sized buildings in New York and California. The first customers from this campaign include globally recognized restaurants, automotive dealers, fitness centers, and other customers who each operate multiple locations in New York and California. The campaign is based on exclusive partnerships the Company has secured with local service providers in these two states to jointly market and offer mCloud's unique solutions using IoT and AI to drive improvements in indoor air quality and energy efficiency. "This set of ten AssetCare subscription contracts is expected to be the first of many for mCloud in 2021," said Dr. Patrick O'Neill, mCloud's President for North America. "Businesses across New York and California are struggling to find an easy-to-implement solution to help them be compliant with new health regulations and reassure their customers and employees their buildings are safe both are now required to get these thousands of businesses back to work." "mCloud's AI-enabled Connected Buildings offering is the easiest solution for these operators, period," O'Neill added. "The unique and compelling economics offered by AssetCare and our partnership with local providers allow us to offer an unbeatable solution to these businesses who now have no choice but to adapt." AssetCare for Connected Buildings combines a comprehensive indoor air quality solution with IoT- and AI-powered building management, which drive operational and energy efficiency improvements that help offset its cost. As with the Company's AssetCare solutions in other segments, AssetCare delivers direct, measurable business results through the cloud under a recurring subscription model the Company calls "Results-as-a-Service." Because mCloud uniquely combines IoT, AI, and the cloud to drive continuous improvements 24/7, the Company is able to serve small- and medium-size commercial building operators where standard building control solutions are cost-prohibitive. The Company uses AI to provide 24/7 managed Live Operations ("LiveOps") with every AssetCare subscription, continuously monitoring and optimizing the ventilation and air purification systems of every connected building to ensure newly defined CDC and ASHRAE standards are met in the most cost-efficient manner possible. Forward-Looking Information and Statements This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information contained herein may include information related to the expected results of a new multi-site commercial building campaign in 2021. By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. An investment in securities of the Company is speculative and subject to several risks as discussed under the heading "Risk Factors" on pages 29 to 46 of the Company's filing statement dated October 5, 2017. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. In connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE mCloud Technologies Corp.
|
edtsum3768
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, May 7, 2020 /PRNewswire/ --PowerInbox, a leading email engagement and monetization partner for publishers, today announced its acquisition of Jeeng, the artificial intelligence-powered personalized notification platform. The integration of Jeeng into the PowerInbox solution allows publishers to take back ownership of their audience and drive traffic to their own online properties to increase pageviews and ad revenue. To lead the new integrated program, PowerInbox has hired experienced sales and product development executive Jonathan Stefansky as general manager, Jeeng. The only solution of its kind built specifically for publishers, PowerInbox's Jeeng subscriber messaging platform is a completely automated solution for sending personalized, curated content to subscribers across multiple channels to dramatically grow subscriber engagement, traffic and revenue. The platform has already been used by publishers like GoGy Games, Assembly, Salem Web Network and Farmers' Almanac to deliver over 2 billion notifications a month and drive up to 25% lift in traffic, 40% increase in pageviews and 35% increase in revenue. "We've been working with PowerInbox for our e-newsletter campaigns and it's been such a great experience. They're always working to find new solutions and making sure everything works flawlessly," said a spokesperson with Farmers' Almanac. "The addition of push notifications to the platform is exactly the next evolution in audience engagement we needed to amplify our results." Tools to Take Back Audience Engagement For years, publishers have been losing audience share and ad revenue to social channels, search engines and other platforms as click-thrus on publishers' content directed users back to those third-party sites. Adding paywalls has been mostly ineffective, as more than 82% of consumers want "free" (ad-supported) content than dealing with paywalls. Meanwhile, publishers have also tried to re-engage subscribers with batch-and-blast email newsletters which kept the connection open, but left subscribers wanting more. With Jeeng by PowerInbox, publishers can regain their 1:1 relationship with subscribers, give users the content they really want over the channels they prefer, while also cutting out the middlemen and generating the pageviews and engagement that drive ad revenue. Even as push notifications gain subscriber interest, publishers can still struggle to curate the right content with limited staff and budget. Jeeng by PowerInbox solves that problem with automated personalization and delivery. "A lot of publishers want to add personalized messaging, but there's just no realistic way to do it manually," said Jeff Kupietzky, CEO of PowerInbox. "We're solving that problem by combining PowerInbox's leading message monetization platform with Jeeng's cutting-edge AI technology for content personalization to give publishers a fully automated solution. Now they can deliver the curated content subscribers want to see over multiple channels and generate more revenue in the process." Simple Start, Single Dashboard Solution Makes Engagement Easy To get started with Jeeng, publishers simply add a single line of code to their homepage, and the Jeeng platform does the rest, using artificial intelligence and machine learning technology to learn subscribers' interests and click behavior and build a user profile. Jeeng's automated content matching engine then curates and distributes content based on subscribers' interests and events in real-time, continuously refining the model based on subscriber interactions. "It doesn't require a lot of time, and the dashboard is really easy to use," said GoGy Games owner Tal Hen. "Subscribers are looking for something personalized, and the fact that we can send the right message and most relevant notification to each user is very important. The ability to schedule notifications also means they'll be delivered at the time users are most likely to see and act on them." With the PowerInbox monetization program, publishers can see virtually 100% monetization of every message sent using either their own direct-sold demand or by leveraging the PowerInbox Ad Network to backfill vacant spots. The platform integrates with Google Ad Manager to make ad ops simple, seamless and consistent, and the PowerInbox revenue-sharing model makes the solution exceptionally affordable. Stefansky Leads White Glove Service Team While the Jeeng solution is easy to implement, publishers can also take advantage of PowerInbox's Managed Services Suite for hands-on configuration and management of the messaging platform. Stefansky leads the Jeeng sales and services team, bringing over 25 years of experience in sales and digital marketing experience. Most recently the CEO of Viewbix, acquired by Algomizer in 2018, Stefansky led the company's strategic direction, business development, sales and marketing initiatives. Prior to Viewbix, he spent three years as EVP Sales and Marketing at IDT Global Services before taking a similar role at Qoof, then moving on to CEO for two years. He's also held executive leadership roles in strategic accounts, networking and infrastructure at Akamai Technologies and Goldman Sachs. To learn more about Jeeng by PowerInbox for automated subscriber messaging, join Kupietzky, Stefansky and PowerInbox Chairman and Co-founder, Aryeh Mergi for a launch webinar on Tuesday, May 12, 2020 at 1 pm ET/10 am PT. Register now! About PowerInboxPowerInbox provides comprehensive, multichannel digital monetization solutions that help publishers and marketers drive new revenue with personalized subscriber engagement. Venture backed, PowerInbox supports 150 million unique users a month from more than 650 leading publishers including The Atlantic, Bonnier, Salem Web Network, Crains, HarperCollins, New York Magazine, Palm Beach GazetteandSeattle Times. For more information about PowerInbox, visitwww.powerinbox.com. Media Contact:Gab DePietroSSPR[emailprotected] SOURCE PowerInbox Related Links http://www.powerinbox.com
Answer:
|
PowerInbox Acquires Jeeng, Adding Personalized Push Notifications to its Subscriber Messaging Platform for Publishers Publishers Like Farmers' Almanac & GoGy Games Can Now Send Personalized Content via Email, Browser-Based & Mobile Push Notifications with a Single Solution to Engage Subscribers, Drive Traffic & Grow Revenue
|
NEW YORK, May 7, 2020 /PRNewswire/ --PowerInbox, a leading email engagement and monetization partner for publishers, today announced its acquisition of Jeeng, the artificial intelligence-powered personalized notification platform. The integration of Jeeng into the PowerInbox solution allows publishers to take back ownership of their audience and drive traffic to their own online properties to increase pageviews and ad revenue. To lead the new integrated program, PowerInbox has hired experienced sales and product development executive Jonathan Stefansky as general manager, Jeeng. The only solution of its kind built specifically for publishers, PowerInbox's Jeeng subscriber messaging platform is a completely automated solution for sending personalized, curated content to subscribers across multiple channels to dramatically grow subscriber engagement, traffic and revenue. The platform has already been used by publishers like GoGy Games, Assembly, Salem Web Network and Farmers' Almanac to deliver over 2 billion notifications a month and drive up to 25% lift in traffic, 40% increase in pageviews and 35% increase in revenue. "We've been working with PowerInbox for our e-newsletter campaigns and it's been such a great experience. They're always working to find new solutions and making sure everything works flawlessly," said a spokesperson with Farmers' Almanac. "The addition of push notifications to the platform is exactly the next evolution in audience engagement we needed to amplify our results." Tools to Take Back Audience Engagement For years, publishers have been losing audience share and ad revenue to social channels, search engines and other platforms as click-thrus on publishers' content directed users back to those third-party sites. Adding paywalls has been mostly ineffective, as more than 82% of consumers want "free" (ad-supported) content than dealing with paywalls. Meanwhile, publishers have also tried to re-engage subscribers with batch-and-blast email newsletters which kept the connection open, but left subscribers wanting more. With Jeeng by PowerInbox, publishers can regain their 1:1 relationship with subscribers, give users the content they really want over the channels they prefer, while also cutting out the middlemen and generating the pageviews and engagement that drive ad revenue. Even as push notifications gain subscriber interest, publishers can still struggle to curate the right content with limited staff and budget. Jeeng by PowerInbox solves that problem with automated personalization and delivery. "A lot of publishers want to add personalized messaging, but there's just no realistic way to do it manually," said Jeff Kupietzky, CEO of PowerInbox. "We're solving that problem by combining PowerInbox's leading message monetization platform with Jeeng's cutting-edge AI technology for content personalization to give publishers a fully automated solution. Now they can deliver the curated content subscribers want to see over multiple channels and generate more revenue in the process." Simple Start, Single Dashboard Solution Makes Engagement Easy To get started with Jeeng, publishers simply add a single line of code to their homepage, and the Jeeng platform does the rest, using artificial intelligence and machine learning technology to learn subscribers' interests and click behavior and build a user profile. Jeeng's automated content matching engine then curates and distributes content based on subscribers' interests and events in real-time, continuously refining the model based on subscriber interactions. "It doesn't require a lot of time, and the dashboard is really easy to use," said GoGy Games owner Tal Hen. "Subscribers are looking for something personalized, and the fact that we can send the right message and most relevant notification to each user is very important. The ability to schedule notifications also means they'll be delivered at the time users are most likely to see and act on them." With the PowerInbox monetization program, publishers can see virtually 100% monetization of every message sent using either their own direct-sold demand or by leveraging the PowerInbox Ad Network to backfill vacant spots. The platform integrates with Google Ad Manager to make ad ops simple, seamless and consistent, and the PowerInbox revenue-sharing model makes the solution exceptionally affordable. Stefansky Leads White Glove Service Team While the Jeeng solution is easy to implement, publishers can also take advantage of PowerInbox's Managed Services Suite for hands-on configuration and management of the messaging platform. Stefansky leads the Jeeng sales and services team, bringing over 25 years of experience in sales and digital marketing experience. Most recently the CEO of Viewbix, acquired by Algomizer in 2018, Stefansky led the company's strategic direction, business development, sales and marketing initiatives. Prior to Viewbix, he spent three years as EVP Sales and Marketing at IDT Global Services before taking a similar role at Qoof, then moving on to CEO for two years. He's also held executive leadership roles in strategic accounts, networking and infrastructure at Akamai Technologies and Goldman Sachs. To learn more about Jeeng by PowerInbox for automated subscriber messaging, join Kupietzky, Stefansky and PowerInbox Chairman and Co-founder, Aryeh Mergi for a launch webinar on Tuesday, May 12, 2020 at 1 pm ET/10 am PT. Register now! About PowerInboxPowerInbox provides comprehensive, multichannel digital monetization solutions that help publishers and marketers drive new revenue with personalized subscriber engagement. Venture backed, PowerInbox supports 150 million unique users a month from more than 650 leading publishers including The Atlantic, Bonnier, Salem Web Network, Crains, HarperCollins, New York Magazine, Palm Beach GazetteandSeattle Times. For more information about PowerInbox, visitwww.powerinbox.com. Media Contact:Gab DePietroSSPR[emailprotected] SOURCE PowerInbox Related Links http://www.powerinbox.com
|
edtsum3788
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK--(BUSINESS WIRE)--Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared their distributions for the months of December 2020, January, and February 2021. The following dates apply to the distribution schedule below: Month Record Date Ex-Dividend Date Payable Date December 12/23/2020 12/22/2020 12/31/2020 January 1/22/2021 1/21/2021 2/1/2021 February 2/19/2021 2/18/2021 3/1/2021 Ticker Fund Name Month Amount Type Change from Previous Distribution HIX Western Asset High Income Fund II Inc. December $0.04900 Income - January $0.04900 Income February $0.04900 Income HIO Western Asset High Income Opportunity Fund Inc. December $0.03250 Income - January $0.03250 Income February $0.03250 Income HYI Western Asset High Yield Defined Opportunity Fund Inc. December $0.09450 Income - January $0.09450 Income February $0.09450 Income EHI Western Asset Global High Income Fund Inc. December $0.06700 Income - January $0.06700 Income February $0.06700 Income GDO Western Asset Global Corporate Defined Opportunity Fund Inc. December $0.10100 Income - January $0.10100 Income February $0.10100 Income IGI Western Asset Investment Grade Defined Opportunity Trust Inc. December $0.06650 Income - January $0.06650 Income February $0.06650 Income DMO Western Asset Mortgage Opportunity Fund Inc. December $0.11250 Income - January $0.11250 Income February $0.11250 Income SBI Western Asset Intermediate Muni Fund Inc. December $0.02350 Income - January $0.02350 Income February $0.02350 Income MMU Western Asset Managed Municipals Fund Inc. December $0.04500 Income - January $0.04500 Income February $0.04500 Income MHF Western Asset Municipal High Income Fund Inc. December $0.02180 Income - January $0.02180 Income February $0.02180 Income MNP Western Asset Municipal Partners Fund Inc. December $0.04750 Income - January $0.04750 Income February $0.04750 Income MTT Western Asset Municipal Defined Opportunity Trust Inc. December $0.04900 Income (0.0025) January $0.04900 Income February $0.04900 Income This press release is not for tax reporting purposes but is being provided to announce the amount of each Funds distributions that have been declared by the Board of Directors. In early 2021 and early 2022, after definitive information is available, each Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by each Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholders tax return (e.g., ordinary income, long-term capital gain or return of capital). On July 31, 2020, Franklin Resources, Inc. (Franklin Resources) acquired Legg Mason, Inc. (Legg Mason) in an all-cash transaction. As a result of the transaction, Legg Mason Partners Fund Advisor, LLC, previously a wholly-owned subsidiary of Legg Mason, became a wholly-owned subsidiary of Franklin Resources. For more information about the Funds, please call 1-888-777-0102 or consult the Funds web site at www.lmcef.com. Hard copies of the Funds complete audited financial statements are available free of charge upon request. Data and commentary provided in this press release are for informational purposes only. Franklin Resources and its affiliates do not engage in selling shares of the Funds. Category: Distribution Related Source: Franklin Templeton
Answer:
|
Legg Mason Partners Fund Advisor, LLC Announces Distributions for the Months of December 2020, January and February 2021
|
NEW YORK--(BUSINESS WIRE)--Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared their distributions for the months of December 2020, January, and February 2021. The following dates apply to the distribution schedule below: Month Record Date Ex-Dividend Date Payable Date December 12/23/2020 12/22/2020 12/31/2020 January 1/22/2021 1/21/2021 2/1/2021 February 2/19/2021 2/18/2021 3/1/2021 Ticker Fund Name Month Amount Type Change from Previous Distribution HIX Western Asset High Income Fund II Inc. December $0.04900 Income - January $0.04900 Income February $0.04900 Income HIO Western Asset High Income Opportunity Fund Inc. December $0.03250 Income - January $0.03250 Income February $0.03250 Income HYI Western Asset High Yield Defined Opportunity Fund Inc. December $0.09450 Income - January $0.09450 Income February $0.09450 Income EHI Western Asset Global High Income Fund Inc. December $0.06700 Income - January $0.06700 Income February $0.06700 Income GDO Western Asset Global Corporate Defined Opportunity Fund Inc. December $0.10100 Income - January $0.10100 Income February $0.10100 Income IGI Western Asset Investment Grade Defined Opportunity Trust Inc. December $0.06650 Income - January $0.06650 Income February $0.06650 Income DMO Western Asset Mortgage Opportunity Fund Inc. December $0.11250 Income - January $0.11250 Income February $0.11250 Income SBI Western Asset Intermediate Muni Fund Inc. December $0.02350 Income - January $0.02350 Income February $0.02350 Income MMU Western Asset Managed Municipals Fund Inc. December $0.04500 Income - January $0.04500 Income February $0.04500 Income MHF Western Asset Municipal High Income Fund Inc. December $0.02180 Income - January $0.02180 Income February $0.02180 Income MNP Western Asset Municipal Partners Fund Inc. December $0.04750 Income - January $0.04750 Income February $0.04750 Income MTT Western Asset Municipal Defined Opportunity Trust Inc. December $0.04900 Income (0.0025) January $0.04900 Income February $0.04900 Income This press release is not for tax reporting purposes but is being provided to announce the amount of each Funds distributions that have been declared by the Board of Directors. In early 2021 and early 2022, after definitive information is available, each Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by each Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholders tax return (e.g., ordinary income, long-term capital gain or return of capital). On July 31, 2020, Franklin Resources, Inc. (Franklin Resources) acquired Legg Mason, Inc. (Legg Mason) in an all-cash transaction. As a result of the transaction, Legg Mason Partners Fund Advisor, LLC, previously a wholly-owned subsidiary of Legg Mason, became a wholly-owned subsidiary of Franklin Resources. For more information about the Funds, please call 1-888-777-0102 or consult the Funds web site at www.lmcef.com. Hard copies of the Funds complete audited financial statements are available free of charge upon request. Data and commentary provided in this press release are for informational purposes only. Franklin Resources and its affiliates do not engage in selling shares of the Funds. Category: Distribution Related Source: Franklin Templeton
|
edtsum3795
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, April 23, 2020 /PRNewswire/ -- At the April 22nd Annual Meeting of the Board of Trustees of Practising Law Institute (PLI), the following individuals were elected: Hon.Angela M. Mazzarelliwas elected Chair of the Practising Law Institute Board, and Mei Lin Kwan-Gettwas elected Vice Chair of the Board. The following Trustees were elected for three-year terms:Ellen M. Cosgrove, Yale Law School; Mei Lin Kwan-Gett, Citigroup; Carmen C. Lawrence, King & Spalding LLP; Hon. Angela M. Mazzarelli, Supreme Court Appellate Division; Tiffany Moller, Pallas Global Group, LLC; Tammy Roy, Cahill Gordon & Reindel LLP; Gregory C. Swinehart, Deloitte Financial Advisory Services LLP. The following PLI staff members were elected:Anita C. Shapiro, President; Alan G. Cohen, Chief Business Officer; Frank DeVivo, Treasurer;Craig A. Miller, Senior Vice President; Kara L. O'Brien, Vice President; Christopher Rousseau, Chief Information Officer; David M. Smith, Vice President;Joan Sternberg, Senior Vice President; andSamantha Goldsberry, Secretary. About Practising Law Institute (PLI) Practising Law Institute is a nonprofit learning organization dedicated to keeping attorneys and other professionals at the forefront of knowledge and expertise. PLI is chartered by the Regents of the University of the State of New York, and was founded in 1933 by Harold P. Seligson. PLI provides the highest quality, accredited, continuing legal and professional education programs in a variety of formats. This content is delivered by more than 4,000 volunteer faculty, including prominent lawyers, judges, investment bankers, accountants, corporate counsel, and U.S. and international government regulators. PLI publishes a comprehensive library of treatises, course handbooks, answer books and journals, also available through the PLI PLUS online platform. The essence of PLI's mission is its commitment to the pro bono community. SOURCE Practising Law Institute
Answer:
|
Elections Held for Practising Law Institute Board of Trustees at PLI Annual Meeting
|
NEW YORK, April 23, 2020 /PRNewswire/ -- At the April 22nd Annual Meeting of the Board of Trustees of Practising Law Institute (PLI), the following individuals were elected: Hon.Angela M. Mazzarelliwas elected Chair of the Practising Law Institute Board, and Mei Lin Kwan-Gettwas elected Vice Chair of the Board. The following Trustees were elected for three-year terms:Ellen M. Cosgrove, Yale Law School; Mei Lin Kwan-Gett, Citigroup; Carmen C. Lawrence, King & Spalding LLP; Hon. Angela M. Mazzarelli, Supreme Court Appellate Division; Tiffany Moller, Pallas Global Group, LLC; Tammy Roy, Cahill Gordon & Reindel LLP; Gregory C. Swinehart, Deloitte Financial Advisory Services LLP. The following PLI staff members were elected:Anita C. Shapiro, President; Alan G. Cohen, Chief Business Officer; Frank DeVivo, Treasurer;Craig A. Miller, Senior Vice President; Kara L. O'Brien, Vice President; Christopher Rousseau, Chief Information Officer; David M. Smith, Vice President;Joan Sternberg, Senior Vice President; andSamantha Goldsberry, Secretary. About Practising Law Institute (PLI) Practising Law Institute is a nonprofit learning organization dedicated to keeping attorneys and other professionals at the forefront of knowledge and expertise. PLI is chartered by the Regents of the University of the State of New York, and was founded in 1933 by Harold P. Seligson. PLI provides the highest quality, accredited, continuing legal and professional education programs in a variety of formats. This content is delivered by more than 4,000 volunteer faculty, including prominent lawyers, judges, investment bankers, accountants, corporate counsel, and U.S. and international government regulators. PLI publishes a comprehensive library of treatises, course handbooks, answer books and journals, also available through the PLI PLUS online platform. The essence of PLI's mission is its commitment to the pro bono community. SOURCE Practising Law Institute
|
edtsum3797
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: PORTLAND, Ore., May 6, 2020 /PRNewswire/ -- Moto Sign and Media Corporation is proud to announce that their patented 'writing tool' (the HandMoto) shall be featured on Zulily.com from May 7th thru May 10th, 2020. Zulily was born to delight savvy shoppers with special finds at incredible prices.Every day, Zulily launches new sales featuring all the latest fashions, kids' apparel, shoes, home dcor, toys, unique gifts and so much more. Zulily was founded in 2010 to offer people a different way to shop; now millions visit the site and app daily to discover something new and exciting. Continue Reading HandMoto Puzzle Series Moto Sign and Media Corporation For Children and Adults The HandMoto provides a great 'hand motor skill' improvement tool for preschool, pre-writing, cursive, numbers and more. For Adults and teens, it provides an amazing portable notepad for school or business. For seniors, it provides a great tool for memory preservation and improvement. Handmoto's unique 'Makes Learning Fun' system provides a non-electric/ecofriendly way to learn spelling or math, as well as providing a fun way to; color, do puzzles, play games, write new ideas (before they disappear), take notes, write down recipes, keep 'workout' records, write daily food intake lists, create shopping lists, etc., etc., etc.! Users can now write down notes from conversations (dictation) and privately use their phones at the same time, instead of writing 'texts notes on speaker', while everyone listens in. It literally has unlimited uses for all ages. Children or adults simply place the background-insert inside the board that they wish to interact with. HandMotos come with one HandMoto activity board, four dry erase pens, one felt eraser, and ten sample/background-interchangeable 'inserts' which all store inside the HandMoto board. HandMoto boards, their high-quality dry erase pens, and Sutherland felt erasers are all 100% Made in the USA. Parents or Children of all ages may also print games, lessons, reading materials, etc., on any standard 8.5 x 11 inch letter size computer paper for unlimited insert designs. They can change the background in seconds and then write on the patented transparent dry erase surfaces without ever actually touching the printed materials inside. HandMoto board users can fill in the blanks, take tests, use as a note pad, color, answer questions, play games, practice spelling, creating drawings, etc., and do all this while never marking or using up any paper. No More Losing Paper Notes, Usernames, or Passwords! Completed lessons, created images, private notes written, new ideas, private messages, passwords and usernames, etc., can all be quickly created, written on the boards, instantly photographed and stored securely on the privacy of your phone (so no lost notes get into the wrong hands). HandMotos can then wiped clean and used over again in seconds. The boards can be washed and sanitized to be used over and over without ever touching the paper inside. The HandMoto system provides a way to practice without ever wasting paper or mismarking puzzles, games, or losing paper or sticky notes. The HandMoto can be described as a portable, background-interchangeable 'whiteboard', that isn't just a whiteboard, but an unlimited activity board/notepad. Media Contact:Debbie McGeorge541-572-5949[emailprotected] SOURCE Moto Sign and Media Corporation
Answer:
|
New Learning and Writing Tool to be Featured on Zulily
|
PORTLAND, Ore., May 6, 2020 /PRNewswire/ -- Moto Sign and Media Corporation is proud to announce that their patented 'writing tool' (the HandMoto) shall be featured on Zulily.com from May 7th thru May 10th, 2020. Zulily was born to delight savvy shoppers with special finds at incredible prices.Every day, Zulily launches new sales featuring all the latest fashions, kids' apparel, shoes, home dcor, toys, unique gifts and so much more. Zulily was founded in 2010 to offer people a different way to shop; now millions visit the site and app daily to discover something new and exciting. Continue Reading HandMoto Puzzle Series Moto Sign and Media Corporation For Children and Adults The HandMoto provides a great 'hand motor skill' improvement tool for preschool, pre-writing, cursive, numbers and more. For Adults and teens, it provides an amazing portable notepad for school or business. For seniors, it provides a great tool for memory preservation and improvement. Handmoto's unique 'Makes Learning Fun' system provides a non-electric/ecofriendly way to learn spelling or math, as well as providing a fun way to; color, do puzzles, play games, write new ideas (before they disappear), take notes, write down recipes, keep 'workout' records, write daily food intake lists, create shopping lists, etc., etc., etc.! Users can now write down notes from conversations (dictation) and privately use their phones at the same time, instead of writing 'texts notes on speaker', while everyone listens in. It literally has unlimited uses for all ages. Children or adults simply place the background-insert inside the board that they wish to interact with. HandMotos come with one HandMoto activity board, four dry erase pens, one felt eraser, and ten sample/background-interchangeable 'inserts' which all store inside the HandMoto board. HandMoto boards, their high-quality dry erase pens, and Sutherland felt erasers are all 100% Made in the USA. Parents or Children of all ages may also print games, lessons, reading materials, etc., on any standard 8.5 x 11 inch letter size computer paper for unlimited insert designs. They can change the background in seconds and then write on the patented transparent dry erase surfaces without ever actually touching the printed materials inside. HandMoto board users can fill in the blanks, take tests, use as a note pad, color, answer questions, play games, practice spelling, creating drawings, etc., and do all this while never marking or using up any paper. No More Losing Paper Notes, Usernames, or Passwords! Completed lessons, created images, private notes written, new ideas, private messages, passwords and usernames, etc., can all be quickly created, written on the boards, instantly photographed and stored securely on the privacy of your phone (so no lost notes get into the wrong hands). HandMotos can then wiped clean and used over again in seconds. The boards can be washed and sanitized to be used over and over without ever touching the paper inside. The HandMoto system provides a way to practice without ever wasting paper or mismarking puzzles, games, or losing paper or sticky notes. The HandMoto can be described as a portable, background-interchangeable 'whiteboard', that isn't just a whiteboard, but an unlimited activity board/notepad. Media Contact:Debbie McGeorge541-572-5949[emailprotected] SOURCE Moto Sign and Media Corporation
|
edtsum3813
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: CHICAGO, Dec. 18, 2020 /PRNewswire/ -- Technomic has released three different whitepapers for the U.S., Canada and global markets, sharing foodservice industry predictions for the new year. The good news is that there is one thing the predictions have in common: a clearer road to recovery. With the approval and distribution of vaccines, we're able to see a light at the end of the tunnel for the following predictions to thrive. Overall, Technomic foresees strong to moderate growthspecifically in the U.S. and Canadaover the next 12 months, being led by aggressive strategies. One commonality across regions is the streamlining of menus. Restaurants are expected to focus on core menu items and, in some cases, revamp them as "new and improved" with higher-quality ingredients or launch safer LTOs with ingredients they already have on hand. In general, the focus is also shifting toward better-for-you, local and clean-label menu items. In the U.S. and Canada, greater emphasis on social justice issues can be expected of restaurants in 2021, meaning consumers will be looking for impactful efforts regarding fairness and inclusionnot just the use of hashtags and buzzwords. U.S. highlights: Investments in contactless technology for sanitation and ease of use Renewed interest in Italian, Mexican and Chinese menu items due to travel restrictions Canadian highlights: Investments in off-premise for long-term growth strategies Comfort foods and homegrown, hyper-local solutions Global highlights: Growing popularity of plant-based proteins, requiring differentiation to stand out from competition Outdoor-friendly food and beverage developments to support active lifestyles and outside consumption Read each whitepaper on Technomic's website: U.S.: https://www.technomic.com/newsroom/technomics-take-whats-come-2021 Canada: https://www.technomic.com/newsroom/technomics-take-what-expect-canada-2021 Global: https://www.technomic.com/newsroom/technomics-take-2021-global-trends-outlook About Technomic Technomic, Inc., a Winsight company, was founded as a management consulting firm in 1966. Since then, Technomic's services have grown to encompass cloud based B2B research tools, consumer and menu trend tracking, as well as other leading strategic research and analytic capabilities, to prioritize and size business opportunities. Our clients include food manufacturers and distributors, restaurants, retailers and multiple other business verticals aligned with the food industry that are looking to make informed decisions to support their business growth. Visit Technomic at www.technomic.com. Contact: Rose Frommelt, (312) 506-3941, [emailprotected] SOURCE Technomic Related Links http://www.technomic.com
Answer:
|
Technomic releases 2021 foodservice industry predictions for the U.S., Canada and global markets Technomic published a series of whitepapers predicting 2021 trends in the U.S., in Canada and globally to help foodservice professionals prepare for what's next
|
CHICAGO, Dec. 18, 2020 /PRNewswire/ -- Technomic has released three different whitepapers for the U.S., Canada and global markets, sharing foodservice industry predictions for the new year. The good news is that there is one thing the predictions have in common: a clearer road to recovery. With the approval and distribution of vaccines, we're able to see a light at the end of the tunnel for the following predictions to thrive. Overall, Technomic foresees strong to moderate growthspecifically in the U.S. and Canadaover the next 12 months, being led by aggressive strategies. One commonality across regions is the streamlining of menus. Restaurants are expected to focus on core menu items and, in some cases, revamp them as "new and improved" with higher-quality ingredients or launch safer LTOs with ingredients they already have on hand. In general, the focus is also shifting toward better-for-you, local and clean-label menu items. In the U.S. and Canada, greater emphasis on social justice issues can be expected of restaurants in 2021, meaning consumers will be looking for impactful efforts regarding fairness and inclusionnot just the use of hashtags and buzzwords. U.S. highlights: Investments in contactless technology for sanitation and ease of use Renewed interest in Italian, Mexican and Chinese menu items due to travel restrictions Canadian highlights: Investments in off-premise for long-term growth strategies Comfort foods and homegrown, hyper-local solutions Global highlights: Growing popularity of plant-based proteins, requiring differentiation to stand out from competition Outdoor-friendly food and beverage developments to support active lifestyles and outside consumption Read each whitepaper on Technomic's website: U.S.: https://www.technomic.com/newsroom/technomics-take-whats-come-2021 Canada: https://www.technomic.com/newsroom/technomics-take-what-expect-canada-2021 Global: https://www.technomic.com/newsroom/technomics-take-2021-global-trends-outlook About Technomic Technomic, Inc., a Winsight company, was founded as a management consulting firm in 1966. Since then, Technomic's services have grown to encompass cloud based B2B research tools, consumer and menu trend tracking, as well as other leading strategic research and analytic capabilities, to prioritize and size business opportunities. Our clients include food manufacturers and distributors, restaurants, retailers and multiple other business verticals aligned with the food industry that are looking to make informed decisions to support their business growth. Visit Technomic at www.technomic.com. Contact: Rose Frommelt, (312) 506-3941, [emailprotected] SOURCE Technomic Related Links http://www.technomic.com
|
edtsum3814
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: LOS ANGELES, Aug. 18, 2020 /PRNewswire/ --DLA Piper represented Concord, a leading independent music company, in a US$600 million term loan B debt offering and US$450 million revolving credit facility, providing the company with access to over US$1 billion of total debt financing in one of the largest music industry financings in recent times. Concord is an independent, worldwide leader in developing, managing and acquiring sound recordings, music publishing and theatrical performance rights. Over the last five years Concord increased its revenue nearly four-fold, due to organic growth and strategic acquisitions to which it has committed over US$1 billion since 2017, including the acquisition of various genre-defining recorded music and publishing companies such as Musart, Fania, Independiente, Varese Sarabande, Victory Records and Sikorski Music Publishing. Over the past three years, Concord also created an industry-leading theatricals licensing company, Concord Theatricals, by combining The Rodgers and Hammerstein Organization, which it acquired as part of its industry-transforming acquisition of Imagem in 2017, with the iconic works of Andrew Lloyd Webber and the Tams-Witmark and Samuel French licensing houses. "We were thrilled to once again partner with Concord on this complex, cross-border financing, which highlights the abilities and experience of our US and UK media, entertainment and leveraged finance practices, as well as our deep understanding of the music and related media industries and our ability to successfully coordinate complex cross-border transactions," said Robert J. Sherman, co-chair of the firm's Entertainment Finance practice, who led the firm's deal team. "I've worked with Rob for over 15 years and am always appreciative of the legal and strategic insights he and his team at DLA Piper bring to bear on our most important transactions," said Bob Valentine, Concord's CFO. "The tireless efforts of DLA Piper's global media and entertainment finance and transactional practices exceeded our expectations and were critical to our ability to close this complex, cross-border financing in the midst of the most challenging circumstances." In addition to Sherman, the DLA Piper team representing Concord included partnersAfshin Beyzaee, Claire Hall (both of Los Angeles) and Jamie Knox (New York), and associates Daniel Zar and Payvand Coyle (both of Los Angeles) in the US, and partners Mark Dwyer, global co-chair of the Financial Services sector, and Ben Brown, legal director Jennifer Jinand associates Melissa Lim and Elizabeth Baek in London. DLA Piper's market-leading international team of media, sport and entertainment lawyers, located throughout the Americas, Asia Pacific, Europe, Africa and the Middle East, advise firm clients on innovative finance, investment, M&A and corporate matters across media sectors, including in the music, film, TV and new media spaces as well as on the resolution of disputes. About DLA Piper DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, positioning us to help clients with their legal needs around the world. In certain jurisdictions, this information may be considered attorney advertising. dlapiper.com SOURCE DLA Piper Related Links http://www.dlapiper.com
Answer:
|
DLA Piper advises Concord in closing of US$1 billion in debt financing
|
LOS ANGELES, Aug. 18, 2020 /PRNewswire/ --DLA Piper represented Concord, a leading independent music company, in a US$600 million term loan B debt offering and US$450 million revolving credit facility, providing the company with access to over US$1 billion of total debt financing in one of the largest music industry financings in recent times. Concord is an independent, worldwide leader in developing, managing and acquiring sound recordings, music publishing and theatrical performance rights. Over the last five years Concord increased its revenue nearly four-fold, due to organic growth and strategic acquisitions to which it has committed over US$1 billion since 2017, including the acquisition of various genre-defining recorded music and publishing companies such as Musart, Fania, Independiente, Varese Sarabande, Victory Records and Sikorski Music Publishing. Over the past three years, Concord also created an industry-leading theatricals licensing company, Concord Theatricals, by combining The Rodgers and Hammerstein Organization, which it acquired as part of its industry-transforming acquisition of Imagem in 2017, with the iconic works of Andrew Lloyd Webber and the Tams-Witmark and Samuel French licensing houses. "We were thrilled to once again partner with Concord on this complex, cross-border financing, which highlights the abilities and experience of our US and UK media, entertainment and leveraged finance practices, as well as our deep understanding of the music and related media industries and our ability to successfully coordinate complex cross-border transactions," said Robert J. Sherman, co-chair of the firm's Entertainment Finance practice, who led the firm's deal team. "I've worked with Rob for over 15 years and am always appreciative of the legal and strategic insights he and his team at DLA Piper bring to bear on our most important transactions," said Bob Valentine, Concord's CFO. "The tireless efforts of DLA Piper's global media and entertainment finance and transactional practices exceeded our expectations and were critical to our ability to close this complex, cross-border financing in the midst of the most challenging circumstances." In addition to Sherman, the DLA Piper team representing Concord included partnersAfshin Beyzaee, Claire Hall (both of Los Angeles) and Jamie Knox (New York), and associates Daniel Zar and Payvand Coyle (both of Los Angeles) in the US, and partners Mark Dwyer, global co-chair of the Financial Services sector, and Ben Brown, legal director Jennifer Jinand associates Melissa Lim and Elizabeth Baek in London. DLA Piper's market-leading international team of media, sport and entertainment lawyers, located throughout the Americas, Asia Pacific, Europe, Africa and the Middle East, advise firm clients on innovative finance, investment, M&A and corporate matters across media sectors, including in the music, film, TV and new media spaces as well as on the resolution of disputes. About DLA Piper DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, positioning us to help clients with their legal needs around the world. In certain jurisdictions, this information may be considered attorney advertising. dlapiper.com SOURCE DLA Piper Related Links http://www.dlapiper.com
|
edtsum3815
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: DOWNERS GROVE, Ill., Nov. 24, 2020 /PRNewswire/ --Quattroflow, part of PSG and Dover(NYSE: DOV), today announced the availability of its new Q-Control Integrated Pump Controller, which is designed to interface with a variety of flow and pressure sensors to provide users with automated control over their pump operations. Available for Quattroflow multiple- and single-use quaternary diaphragm pump models QF30, QF150, QF1200, QF2500 and QF4400, the Q-Control eliminates the need for an external PLC thanks to a variety of built-in smart control functions, including an autotune function that automatically finds optimal PID parameters and a dispensing function that allows the pump to automatically fill defined volumes of liquid. The system also lets users configure alarms to stop the pump and features a RS485 Modbus communication port, trend data, alarm logging and remote operation. Quattroflow pumps primarily serve biopharma applications that require gentle displacement, reliability, product safety, purity and accuracy. The pumping principle enables risk-free dry running, low pulsation, self-priming and minimal particle generation. With single- and multiple-use models available, Quattroflow has a pump to fit every application need. For more information on Quattroflow, please go toquattroflow.com. Quattroflow is a product brand within PSG, a Dover company. For more information on PSG, please go to psgdover.com. About Quattroflow: Quattroflow is a leading brand of quaternary (four-piston) diaphragm pumps that primarily serve industries such as pharmaceutical and biopharmaceutical that require gentle displacement, reliability, product safety, purity and cleanability. Headquartered in Duisburg, Germany, Quattroflow is part of PSG, a Dover company. For more information on Quattroflow and its complete family of four-piston pumps, please visit quattroflow.com. About PSG: PSG is a global pump and dispensing solution expert and leading manufacturer of pumps, systems and related flow-control technology for the safe and efficient transfer of critical and valuable fluids and materials. Headquartered in Oakbrook Terrace, IL, USA, PSG is comprised of several world-class brands, including Abaque, All-Flo, Almatec, Blackmer, Ebsray, EnviroGear, Griswold, Hydro Systems, Mouvex, Neptune, Quattroflow and Wilden. PSG products are manufactured on three continents North America, Europe and Asia in state-of-the-art facilities that practice lean manufacturing and are ISO-certified. PSG is part of the Pumps and Process Solutions segment of Dover Corporation. For additional information on PSG, please visit psgdover.com. PSG: Where Innovation Flows. About Dover: Dover is a diversified global manufacturer and solutions provider with annual revenue of approximately $7 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Fueling Solutions, Imaging & Identification, Pumps & Process Solutions and Refrigeration & Food Equipment. Dover combines global scale, operational agility, world-class engineering capability and customer intimacy to lead the markets we serve. Recognized for our entrepreneurial approach for over 60 years, our team of over 23,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at dovercorporation.com. PSG Contact:Rainer Frericks+49 2065 89205-0[emailprotected] DoverMediaContact:AdrianSakowicz, VP, Communications (630) 743-5039[emailprotected] Dover Investor Contact: AndreyGaliuk, VP, Corporate Development and Investor Relations(630) 743-5131[emailprotected] SOURCE Dover Related Links http://www.dovercorporation.com
Answer:
|
Quattroflow Introduces Q-Control Integrated Pump Controller for Multiple- and Single-Use Pumps
|
DOWNERS GROVE, Ill., Nov. 24, 2020 /PRNewswire/ --Quattroflow, part of PSG and Dover(NYSE: DOV), today announced the availability of its new Q-Control Integrated Pump Controller, which is designed to interface with a variety of flow and pressure sensors to provide users with automated control over their pump operations. Available for Quattroflow multiple- and single-use quaternary diaphragm pump models QF30, QF150, QF1200, QF2500 and QF4400, the Q-Control eliminates the need for an external PLC thanks to a variety of built-in smart control functions, including an autotune function that automatically finds optimal PID parameters and a dispensing function that allows the pump to automatically fill defined volumes of liquid. The system also lets users configure alarms to stop the pump and features a RS485 Modbus communication port, trend data, alarm logging and remote operation. Quattroflow pumps primarily serve biopharma applications that require gentle displacement, reliability, product safety, purity and accuracy. The pumping principle enables risk-free dry running, low pulsation, self-priming and minimal particle generation. With single- and multiple-use models available, Quattroflow has a pump to fit every application need. For more information on Quattroflow, please go toquattroflow.com. Quattroflow is a product brand within PSG, a Dover company. For more information on PSG, please go to psgdover.com. About Quattroflow: Quattroflow is a leading brand of quaternary (four-piston) diaphragm pumps that primarily serve industries such as pharmaceutical and biopharmaceutical that require gentle displacement, reliability, product safety, purity and cleanability. Headquartered in Duisburg, Germany, Quattroflow is part of PSG, a Dover company. For more information on Quattroflow and its complete family of four-piston pumps, please visit quattroflow.com. About PSG: PSG is a global pump and dispensing solution expert and leading manufacturer of pumps, systems and related flow-control technology for the safe and efficient transfer of critical and valuable fluids and materials. Headquartered in Oakbrook Terrace, IL, USA, PSG is comprised of several world-class brands, including Abaque, All-Flo, Almatec, Blackmer, Ebsray, EnviroGear, Griswold, Hydro Systems, Mouvex, Neptune, Quattroflow and Wilden. PSG products are manufactured on three continents North America, Europe and Asia in state-of-the-art facilities that practice lean manufacturing and are ISO-certified. PSG is part of the Pumps and Process Solutions segment of Dover Corporation. For additional information on PSG, please visit psgdover.com. PSG: Where Innovation Flows. About Dover: Dover is a diversified global manufacturer and solutions provider with annual revenue of approximately $7 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Fueling Solutions, Imaging & Identification, Pumps & Process Solutions and Refrigeration & Food Equipment. Dover combines global scale, operational agility, world-class engineering capability and customer intimacy to lead the markets we serve. Recognized for our entrepreneurial approach for over 60 years, our team of over 23,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at dovercorporation.com. PSG Contact:Rainer Frericks+49 2065 89205-0[emailprotected] DoverMediaContact:AdrianSakowicz, VP, Communications (630) 743-5039[emailprotected] Dover Investor Contact: AndreyGaliuk, VP, Corporate Development and Investor Relations(630) 743-5131[emailprotected] SOURCE Dover Related Links http://www.dovercorporation.com
|
edtsum3827
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Composites Wichita, Inc., a division of Kaman Corporation (NYSE:KAMN), announced today that it has been awarded a contract by Boeing to manufacture the refueling boom assembly for the MH-47 program. The MH-47 is an inflight refuelable version of the CH-47 Chinook helicopter. The boom assemblies will support MH-47 new-build production, as well as MH-47 Block II ReNew modifications. Kaman has a long-standing partnership with Boeing and we are pleased to continue that relationship with this new MH-47 Refueling Boom program, said Shawn Hawks, General Manager, Kaman Composites Wichita. Bringing the boom assembly work to Wichita is exciting for the community and our experienced workforce. The MH-47 program is one that we are very familiar with and we look forward to supporting Boeing once again on this well-established program, said Mark Withrow, Vice President & General Manager, U.S. Composites. The units will support both, production and spares requirements. The Wichita team is well prepared to deliver for this important customer. As part of the integration of this program, Kaman Composites Wichita will expand its facility to accommodate the increased production scale that the assemblies will require. These improvements are currently underway in preparation for the start of the program in the second half of 2021. About Kaman Composites Structures (KCS) KCS is comprised of Kaman Composites Wichita, Inc. and Kaman Composites Vermont, Inc., AS9100 Rev D registered companies with locations in Wichita, KS, and Bennington, VT, offer a full line of services in composites from design, prototyping and testing, to full production of composite components and assemblies. KCS companies fabricate components for the defense, aerospace, and commercial markets, as well as the medical industry, and are Nadcap accredited for composite processing, NDI, and chemical processing. MRO composite repair services are offered under their FAA certified Part 145 repair station in Wichita, KS. About Kaman Corporation Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut, conducts business in the aerospace & defense, industrial and medical markets. Kaman produces and markets proprietary aircraft bearings and components; super precision, miniature ball bearings; proprietary spring energized seals, springs and contacts; complex metallic and composite aerostructures for commercial, military and general aviation fixed and rotary wing aircraft; safe and arming solutions for missile and bomb systems for the U.S. and allied militaries; subcontract helicopter work; restoration, modification and support of our SH-2G Super Seasprite maritime helicopters; manufacture and support of our K-MAX manned and unmanned medium-to-heavy lift helicopters. More information is available at www.kaman.com.
Answer:
|
Kaman Composites Wichita Announces Contract With Boeing
|
BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Composites Wichita, Inc., a division of Kaman Corporation (NYSE:KAMN), announced today that it has been awarded a contract by Boeing to manufacture the refueling boom assembly for the MH-47 program. The MH-47 is an inflight refuelable version of the CH-47 Chinook helicopter. The boom assemblies will support MH-47 new-build production, as well as MH-47 Block II ReNew modifications. Kaman has a long-standing partnership with Boeing and we are pleased to continue that relationship with this new MH-47 Refueling Boom program, said Shawn Hawks, General Manager, Kaman Composites Wichita. Bringing the boom assembly work to Wichita is exciting for the community and our experienced workforce. The MH-47 program is one that we are very familiar with and we look forward to supporting Boeing once again on this well-established program, said Mark Withrow, Vice President & General Manager, U.S. Composites. The units will support both, production and spares requirements. The Wichita team is well prepared to deliver for this important customer. As part of the integration of this program, Kaman Composites Wichita will expand its facility to accommodate the increased production scale that the assemblies will require. These improvements are currently underway in preparation for the start of the program in the second half of 2021. About Kaman Composites Structures (KCS) KCS is comprised of Kaman Composites Wichita, Inc. and Kaman Composites Vermont, Inc., AS9100 Rev D registered companies with locations in Wichita, KS, and Bennington, VT, offer a full line of services in composites from design, prototyping and testing, to full production of composite components and assemblies. KCS companies fabricate components for the defense, aerospace, and commercial markets, as well as the medical industry, and are Nadcap accredited for composite processing, NDI, and chemical processing. MRO composite repair services are offered under their FAA certified Part 145 repair station in Wichita, KS. About Kaman Corporation Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut, conducts business in the aerospace & defense, industrial and medical markets. Kaman produces and markets proprietary aircraft bearings and components; super precision, miniature ball bearings; proprietary spring energized seals, springs and contacts; complex metallic and composite aerostructures for commercial, military and general aviation fixed and rotary wing aircraft; safe and arming solutions for missile and bomb systems for the U.S. and allied militaries; subcontract helicopter work; restoration, modification and support of our SH-2G Super Seasprite maritime helicopters; manufacture and support of our K-MAX manned and unmanned medium-to-heavy lift helicopters. More information is available at www.kaman.com.
|
edtsum3829
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., reported net income for the first quarter 2021 of $92.8 million ($4.78 per diluted share). This compares to net income of $19.5 million ($1.01 per diluted share) in the prior year quarter. The financial measures discussed below include both GAAP and adjusted (non-GAAP) financial measures. Please see reconciliations for our non-GAAP metrics included in the accompanying financial tables. The first quarter of 2021 was very active for us. In addition to posting record performance, we successfully launched our online car buying platform, Clicklane, across our entire store base. Although we are only one quarter into our five-year plan, we feel more confident than ever in our strategic direction and the future growth of Asbury, said David Hult, Asburys President and Chief Executive Officer. The Company reported adjusted net income (a non-GAAP measure) for the first quarter 2021 of $90.7 million ($4.68 per diluted share) compared to $34.7 million ($1.80 per diluted share) in the prior year quarter. Net income for the first quarter 2021 was adjusted for the following pre-tax items: gain on legal settlements of $3.5 million ($0.14 per diluted share), gain on sale of real estate of $1.1 million ($0.03 per diluted share) and other real estate related charges of $1.8 million ($0.07 per diluted share). Net income for the first quarter 2020 was adjusted for the following pre-tax items: gain on dealership divestitures of $33.7 million ($1.30 per diluted share), legal settlement gain of $0.9 million ($0.03 per diluted share), gain on the sale of vacant property of $0.3 million or ($0.01 per diluted share), franchise rights impairment of $23.0 million ($0.89 per diluted share), loss on debt extinguishment of $20.7 million ($0.79 per diluted share), and Park Place deal termination costs of $11.6 million ($0.45 per diluted share). The Company reported total revenue for the first quarter of $2.2 billion, up 36% from the prior year period; total revenue on a same-store basis was up 18% from the prior year period. First Quarter 2021 Operational Summary Total company: Same store: Additional commentary regarding the first quarter results will be provided during the earnings conference call on April 27, 2021 at 10:00 a.m. The conference call will be simulcast live on the internet and can be accessed at www.asburyauto.com. A replay will be available at these sites for 30 days. In addition, live audio of the call will be accessible to the public by calling (800) 353-6461 (domestic), or (334) 323-0501 (international); passcode 8517555. Callers should dial in approximately 5 to 10 minutes before the call begins. A conference call replay will be available two hours following the call for seven days and can be accessed by calling (888) 203-1112 (domestic), or (719) 457-0820 (international); passcode 8517555. About Asbury Automotive Group, Inc. Asbury Automotive Group, Inc. ("Asbury"), a Fortune 500 company headquartered in Duluth, GA, is one of the largest automotive retailers in the U.S. Asbury currently operates 91 dealerships, consisting of 112 franchises, representing 31 domestic and foreign brands of vehicles. Asbury also operates 25 collision repair centers. Asbury offers customers an extensive range of automotive products and services, including new and used vehicle sales and related financing and insurance, vehicle maintenance and repair services, replacement parts, and service contracts. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements other than historical fact, and may include statements relating to goals, plans, market conditions and projections regarding Asbury's financial position, liquidity, results of operations, market position and dealership portfolio, and other initiatives and future business strategy. These statements are based on management's current expectations and beliefs and involve significant risks and uncertainties that may cause results to differ materially from those set forth in the statements. These risks and uncertainties include, among other things, market factors, Asbury's relationships with, and the financial and operational stability of, vehicle manufacturers and other suppliers, acts of God or other incidents and the shortage of semi-conductor chips and rubber-based products, which may adversely impact supply from vehicle manufacturers and/or present retail sales challenges, risks associated with Asbury's indebtedness (including available borrowing capacity, compliance with its financial covenants and ability to refinance or repay such indebtedness, on favorable terms), Asbury's relationships with, and the financial stability of, its lenders and lessors, risks related to competition in the automotive retail and service industries, general economic conditions both nationally and locally, governmental regulations, legislation, adverse results in litigation and other proceedings, and Asbury's ability to execute its IT initiatives and other operational strategies, Asbury's ability to leverage gains from its dealership portfolio, Asbury's ability to capitalize on opportunities to repurchase its debt and equity securities or purchase properties that it currently leases, and Asbury's ability to stay within its targeted range for capital expenditures. There can be no guarantees that Asbury's plans for future operations will be successfully implemented or that they will prove to be commercially successful. These and other risk factors that could cause actual results to differ materially from those expressed or implied in our forward-looking statements are and will be discussed in Asbury's filings with the U.S. Securities and Exchange Commission from time to time, including its most recent annual report on Form 10-K and any subsequently filed quarterly reports on Form 10-Q. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. ASBURY AUTOMOTIVE GROUP, INC. CONSOLIDATED STATEMENTS OF INCOME (In millions, except per share data) (Unaudited) For the Three Months Ended March 31, Increase (Decrease) % Change 2021 2020 REVENUE: New vehicle $ 1,151.7 $ 822.1 $ 329.6 40 % Used vehicle: Retail 607.5 446.0 161.5 36 % Wholesale 83.4 47.2 36.2 77 % Total used vehicle 690.9 493.2 197.7 40 % Parts and service 262.0 221.6 40.4 18 % Finance and insurance, net 88.3 70.4 17.9 25 % TOTAL REVENUE 2,192.9 1,607.3 585.6 36 % GROSS PROFIT: New vehicle 75.5 36.4 39.1 107 % Used vehicle: Retail 47.5 31.2 16.3 52 % Wholesale 8.3 (0.5) 8.8 NM Total used vehicle 55.8 30.7 25.1 82 % Parts and service 163.1 134.9 28.2 21 % Finance and insurance, net 88.3 70.4 17.9 25 % TOTAL GROSS PROFIT 382.7 272.4 110.3 40 % OPERATING EXPENSES: Selling, general and administrative 239.8 194.7 45.1 23 % Depreciation and amortization 9.8 9.5 0.3 3 % Franchise rights impairment 23.0 (23.0) (100) % Other operating (income) expense, net (3.2) 10.2 (13.4) (131) % INCOME FROM OPERATIONS 136.3 35.0 101.3 289 % OTHER EXPENSES (INCOME): Floor plan interest expense 2.9 7.0 (4.1) (59) % Other interest expense, net 14.0 17.0 (3.0) (18) % Loss on extinguishment of long-term debt, net 20.6 (20.6) (100) % Gain on dealership divestitures, net (33.7) 33.7 100 % Total other expenses, net 16.9 10.9 6.0 55 % INCOME BEFORE INCOME TAXES 119.4 24.1 95.3 395 % Income tax expense 26.6 4.6 22.0 478 % NET INCOME $ 92.8 $ 19.5 $ 73.3 376 % EARNINGS PER COMMON SHARE: Basic Net income $ 4.81 $ 1.02 $ 3.79 372 % Diluted Net income $ 4.78 $ 1.01 $ 3.77 373 % WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: Basic 19.3 19.1 0.2 Restricted stock 0.1 0.1 Performance share units 0.1 (0.1) Diluted 19.4 19.3 0.1 ______________________________ NMNot Meaningful ASBURY AUTOMOTIVE GROUP, INC. KEY OPERATING HIGHLIGHTS (In millions, except per unit data) (Unaudited) For the Three Months Ended March 31, Increase (Decrease) % Change 2021 2020 Unit sales New vehicle: Luxury 8,511 4,992 3,519 70 % Import 14,377 12,458 1,919 15 % Domestic 4,371 4,527 (156) (3) % Total new vehicle 27,259 21,977 5,282 24 % Used vehicle retail 23,519 20,287 3,232 16 % Used to new ratio 86.3 % 92.3 % (600) bps Average selling price New vehicle $ 42,250 $ 37,407 $ 4,843 13 % Used vehicle retail 25,830 21,985 3,845 17 % Average gross profit per unit New vehicle: Luxury $ 5,252 $ 3,385 $ 1,867 55 % Import 1,259 851 408 48 % Domestic 2,906 1,966 940 48 % Total new vehicle 2,770 1,656 1,114 67 % Used vehicle retail 2,020 1,538 482 31 % Finance and insurance, net 1,739 1,666 73 4 % Front end yield (1) 4,161 3,265 896 27 % Gross margin New vehicle: Luxury 8.6 % 6.1 % 250 bps Import 4.1 % 3.0 % 110 bps Domestic 6.5 % 4.7 % 180 bps Total new vehicle 6.6 % 4.4 % 220 bps Used vehicle retail 7.8 % 7.0 % 80 bps Parts and service 62.3 % 60.9 % 140 bps Total gross profit margin 17.5 % 16.9 % 60 bps SG&A metrics Rent expense $ 11.2 $ 6.8 $ 4.4 65 % SG&A as a percentage of gross profit 62.7 % 71.5 % (880) bps SG&A, excluding rent expense as a percentage of gross profit 59.7 % 69.0 % (930) bps Operating metrics Income from operations as a percentage of revenue 6.2 % 2.2 % 400 bps Income from operations as a percentage of gross profit 35.6 % 12.8 % 2,280 bps Adjusted income from operations as a percentage of revenue 6.1 % 4.3 % 180 bps Adjusted income from operations as a percentage of gross profit 34.9 % 25.1 % 980 bps Revenue mix New vehicle 52.5 % 51.1 % Used vehicle retail 27.8 % 27.8 % Used vehicle wholesale 3.8 % 2.9 % Parts and service 11.9 % 13.8 % Finance and insurance 4.0 % 4.4 % Total revenue 100.0 % 100.0 % Gross profit mix New vehicle 19.7 % 13.4 % Used vehicle retail 12.4 % 11.5 % Used vehicle wholesale 2.2 % (0.2) % Parts and service 42.6 % 49.5 % Finance and insurance 23.1 % 25.8 % Total gross profit 100.0 % 100.0 % _____________________________ (1) Front end yield is calculated as gross profit from new vehicles, used retail vehicles and finance and insurance (net), divided by combined new and used retail unit sales. ASBURY AUTOMOTIVE GROUP, INC. SAME STORE OPERATING HIGHLIGHTS (In millions) (Unaudited) For the Three Months Ended March 31, Increase (Decrease) % Change 2021 2020 Revenue New vehicle: Luxury $ 322.2 $ 267.2 $ 55.0 21 % Import 438.1 342.5 95.6 28 % Domestic 189.5 171.4 18.1 11 % Total new vehicle 949.8 781.1 168.7 22 % Used Vehicle: Retail 499.9 416.9 83.0 20 % Wholesale 57.3 44.8 12.5 28 % Total used vehicle 557.2 461.7 95.5 21 % Parts and service 212.4 211.1 1.3 1 % Finance and insurance, net 80.7 67.2 13.5 20 % Total revenue $ 1,800.1 $ 1,521.1 $ 279.0 18 % Gross profit New vehicle: Luxury $ 24.7 $ 16.3 $ 8.4 52 % Import 18.4 10.2 8.2 80 % Domestic 12.4 8.2 4.2 51 % Total new vehicle 55.5 34.7 20.8 60 % Used Vehicle: Retail 40.3 29.6 10.7 36 % Wholesale 6.4 (0.4) 6.8 NM Total used vehicle 46.7 29.2 17.5 60 % Parts and service: Customer pay 77.1 74.8 2.3 3 % Warranty 18.3 21.1 (2.8) (13) % Wholesale parts 5.8 4.7 1.1 23 % Parts and service, excluding reconditioning and preparation 101.2 100.6 0.6 1 % Reconditioning and preparation 29.3 28.0 1.3 5 % Total parts and service 130.5 128.6 1.9 1 % Finance and insurance 80.7 67.2 13.5 20 % Total gross profit $ 313.4 $ 259.7 $ 53.7 21 % SG&A expense $ 199.8 $ 185.1 $ 14.7 8 % SG&A expense as a percentage of gross profit 63.8 % 71.3 % (750) bps _____________________________ Same store amounts consist of information from dealerships for identical months in each comparative period, commencing with the first month we owned the dealership. Additionally, amounts related to divested dealerships are excluded from each comparative period. ASBURY AUTOMOTIVE GROUP, INC. SAME STORE OPERATING HIGHLIGHTS (Continued) (Unaudited) For the Three Months Ended March 31, Increase (Decrease) % Change 2021 2020 Unit sales New vehicle: Luxury 5,526 4,820 706 15 % Import 14,351 11,955 2,396 20 % Domestic 4,270 4,158 112 3 % Total new vehicle 24,147 20,933 3,214 15 % Used vehicle retail 20,740 18,979 1,761 9 % Used to new ratio 85.9 % 90.7 % (480) bps Average selling price New vehicle $ 39,334 $ 37,314 $ 2,020 5 % Used vehicle retail 24,103 21,966 2,137 10 % Average gross profit per unit New vehicle: Luxury $ 4,470 $ 3,382 $ 1,088 32 % Import 1,282 853 429 50 % Domestic 2,904 1,972 932 47 % Total new vehicle 2,298 1,658 640 39 % Used vehicle retail 1,943 1,560 383 25 % Finance and insurance, net 1,798 1,684 114 7 % Front end yield (1) 3,932 3,295 637 19 % Gross margin New vehicle: Luxury 7.7 % 6.1 % 160 bps Import 4.2 % 3.0 % 120 bps Domestic 6.5 % 4.8 % 170 bps Total new vehicle 5.8 % 4.4 % 140 bps Used vehicle retail 8.1 % 7.1 % 100 bps Parts and service: Parts and service, excluding reconditioning and preparation 47.6 % 47.7 % (10) bps Parts and service, including reconditioning and preparation 61.4 % 60.9 % 50 bps Total gross profit margin 17.4 % 17.1 % 30 bps _____________________________ Same store amounts consist of information from dealerships for identical months in each comparative period, commencing with the first month we owned the dealership. Additionally, amounts related to divested dealerships are excluded from each comparative period. (1) Front end yield is calculated as gross profit from new vehicles, used retail vehicles and finance and insurance (net), divided by combined new and used retail unit sales. ASBURY AUTOMOTIVE GROUP, INC. Additional Disclosures (In millions) (Unaudited) March 31, 2021 December 31, 2020 Increase (Decrease) % Change SELECTED BALANCE SHEET DATA Cash and cash equivalents $ 27.8 $ 1.4 $ 26.4 NM New vehicle inventory (a) 527.5 640.0 (112.5) (18) % Used vehicle inventory (b) 193.5 188.5 5.0 3 % Parts inventory (c) 48.6 46.7 1.9 4 % Total current assets 1,317.6 1,405.7 (88.1) (6) % Floor plan notes payable (d) 526.8 702.2 (175.4) (25) % Total current liabilities 1,048.7 1,223.4 (174.7) (14) % CAPITALIZATION: Long-term debt (including current portion) (e) $ 1,194.1 $ 1,201.8 $ (7.7) (1) % Shareholders' equity 998.0 905.5 92.5 10 % Total $ 2,192.1 $ 2,107.3 $ 84.8 4 % _____________________________ NMNot Meaningful (a) Excluding $1.6 million of new vehicle inventory classified as Assets held for sale as of March 31, 2021 (b) Excluding $0.9 million of used vehicle inventory classified as Assets held for sale as of March 31, 2021 (c) Excluding $0.4 million of parts inventory classified as Assets held for sale as of March 31, 2021 (d) Excluding $2.8 million of Floor plan notes payable classified as Liabilities associated with assets held for sale as of March 31, 2021 (e) Excluding $2.3 million and $8.9 million of Long-term debt classified as Liabilities associated with assets held for sale as of March 31, 2021 and December 31, 2020, respectively March 31, 2021 December 31, 2020 March 31, 2020 DAYS SUPPLY New vehicle inventory 34 40 105 Used vehicle inventory 27 31 42 _____________________________ Days supply of inventory is calculated based on new and used inventory levels at the end of each reporting period and a 30 day historical cost of sales. Brand Mix - New Vehicle Revenue by Brand- For the Three Months Ended March 31, 2021 2020 Luxury: Mercedes-Benz 12 % 8 % Lexus 12 % 7 % BMW 5 % 6 % Acura 4 % 4 % Range Rover 3 % 1 % Audi 2 % 2 % Porsche 2 % % Other luxury 5 % 6 % Total luxury 45 % 34 % Imports: Honda 15 % 17 % Toyota 12 % 13 % Nissan 5 % 7 % Other imports 6 % 6 % Total imports 38 % 43 % Domestic: Ford 6 % 10 % Chevrolet 4 % 6 % Dodge 4 % 4 % Other domestics 3 % 3 % Total domestic 17 % 23 % Total New Vehicle Revenue 100 % 100 % ASBURY AUTOMOTIVE GROUP INC. Supplemental Disclosures (Unaudited) Non-GAAP Financial Disclosure and Reconciliation In addition to evaluating the financial condition and results of our operations in accordance with GAAP, from time to time management evaluates and analyzes results and any impact on the Company of strategic decisions and actions relating to, among other things, cost reduction, growth, and profitability improvement initiatives, and other events outside of normal, or "core," business and operations, by considering certain alternative financial measures not prepared in accordance with GAAP. These measures include "Pro forma adjusted leverage ratio," "Adjusted income from operations," "Adjusted net income," " Adjusted operating margins," and "Adjusted diluted earnings per share ("EPS")." Further, management assesses the organic growth of our revenue and gross profit on a same store basis. We believe that our assessment on a same store basis represents an important indicator of comparative financial performance and provides relevant information to assess our performance at our existing locations. Same store amounts consist of information from dealerships for identical months in each comparative period, commencing with the first month we owned the dealership. Additionally, amounts related to divested dealerships are excluded from each comparative period. Non-GAAP measures do not have definitions under GAAP and may be defined differently by and not be comparable to similarly titled measures used by other companies. As a result, any non-GAAP financial measures considered and evaluated by management are reviewed in conjunction with a review of the most directly comparable measures calculated in accordance with GAAP. Management cautions investors not to place undue reliance on such non-GAAP measures, but also to consider them with the most directly comparable GAAP measures. In their evaluation of results from time to time, management excludes items that do not arise directly from core operations, or are otherwise of an unusual or non-recurring nature. Because these non-core, unusual or non-recurring charges and gains materially affect Asbury's financial condition or results in the specific period in which they are recognized, management also evaluates, and makes resource allocation and performance evaluation decisions based on, the related non-GAAP measures excluding such items. In addition to using such non-GAAP measures to evaluate results in a specific period, management believes that such measures may provide more complete and consistent comparisons of operational performance on a period-over-period historical basis and a better indication of expected future trends. Management discloses these non-GAAP measures, and the related reconciliations, because it believes investors use these metrics in evaluating longer-term period-over-period performance, and to allow investors to better understand and evaluate the information used by management to assess operating performance. The following tables provide reconciliations for our non-GAAP metrics: For the Twelve Months Ended March 31, 2021 December 31, 2020 (Dollars in millions) Adjusted leverage ratio: Long-term debt (including current portion) $ 1,194.1 $ 1,201.8 Debt included in Liabilities held for sale 2.3 8.9 Cash and floor plan offset (173.2) (86.8) Availability under our used vehicle revolving floor plan facility (138.8) (137.8) Adjusted long-term net debt $ 884.4 $ 986.1 Calculation of earnings before interest, taxes, depreciation and amortization ("EBITDA"): Net Income $ 327.6 $ 254.4 Depreciation and amortization 38.8 38.5 Income tax expense 105.9 83.7 Swap and other interest expense 54.2 57.6 Earnings before interest, taxes, depreciation and amortization ("EBITDA") $ 526.5 $ 434.2 Non-core items - expense (income): Gain on dealership divestitures $ (28.6) $ (62.3) Legal settlements (4.7) (2.1) Gain on sale of real estate (1.1) (0.3) Park Place related costs 1.3 12.9 Real estate-related charges 2.5 0.7 Franchise rights impairment 23.0 Loss on debt extinguishment 20.7 Total non-core items (30.6) (7.4) Adjusted EBITDA $ 495.9 $ 426.8 Pro forma impact of acquisitions and divestitures on EBITDA $ 29.9 $ 53.1 Pro forma Adjusted EBITDA $ 525.8 $ 479.9 Pro forma Adjusted net leverage ratio 1.7 2.1 For the Three Months Ended March 31, 2021 2020 (In millions, except per share data) Adjusted income from operations: Income from operations $ 136.3 $ 35.0 Legal settlements (3.5) (0.9) Gain on sale of real estate (1.1) (0.3) Real estate related charges 1.8 Park Place related costs 11.6 Franchise rights impairment 23.0 Adjusted income from operations $ 133.5 $ 68.4 Adjusted net income: Net income $ 92.8 $ 19.5 Non-core items - (income) expense: Legal settlements (3.5) (0.9) Gain on sale of real estate (1.1) (0.3) Real estate related charges 1.8 Gain on dealership divestitures (33.7) Loss on extinguishment of debt 20.7 Franchise rights impairment 23.0 Park Place related costs 11.6 Income tax effect on non-core items above 0.7 (5.2) Total non-core items (2.1) 15.2 Adjusted net income $ 90.7 $ 34.7 Adjusted diluted earnings per share (EPS): Diluted EPS $ 4.78 $ 1.01 Total non-core items (0.10) 0.79 Adjusted diluted EPS $ 4.68 $ 1.80 Weighted average common shares outstanding - diluted 19.4 19.3
Answer:
|
Asbury Automotive Group Announces Record First Quarter 2021 Financial Results First quarter EPS of $4.78 per diluted share, up 373% over prior year EPS First quarter adjusted EPS of $4.68 per diluted share (a non-GAAP measure), up 160% over prior year adjusted EPS First quarter revenue increased 36% and gross profit increased 40% over prior year quarter
|
DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., reported net income for the first quarter 2021 of $92.8 million ($4.78 per diluted share). This compares to net income of $19.5 million ($1.01 per diluted share) in the prior year quarter. The financial measures discussed below include both GAAP and adjusted (non-GAAP) financial measures. Please see reconciliations for our non-GAAP metrics included in the accompanying financial tables. The first quarter of 2021 was very active for us. In addition to posting record performance, we successfully launched our online car buying platform, Clicklane, across our entire store base. Although we are only one quarter into our five-year plan, we feel more confident than ever in our strategic direction and the future growth of Asbury, said David Hult, Asburys President and Chief Executive Officer. The Company reported adjusted net income (a non-GAAP measure) for the first quarter 2021 of $90.7 million ($4.68 per diluted share) compared to $34.7 million ($1.80 per diluted share) in the prior year quarter. Net income for the first quarter 2021 was adjusted for the following pre-tax items: gain on legal settlements of $3.5 million ($0.14 per diluted share), gain on sale of real estate of $1.1 million ($0.03 per diluted share) and other real estate related charges of $1.8 million ($0.07 per diluted share). Net income for the first quarter 2020 was adjusted for the following pre-tax items: gain on dealership divestitures of $33.7 million ($1.30 per diluted share), legal settlement gain of $0.9 million ($0.03 per diluted share), gain on the sale of vacant property of $0.3 million or ($0.01 per diluted share), franchise rights impairment of $23.0 million ($0.89 per diluted share), loss on debt extinguishment of $20.7 million ($0.79 per diluted share), and Park Place deal termination costs of $11.6 million ($0.45 per diluted share). The Company reported total revenue for the first quarter of $2.2 billion, up 36% from the prior year period; total revenue on a same-store basis was up 18% from the prior year period. First Quarter 2021 Operational Summary Total company: Same store: Additional commentary regarding the first quarter results will be provided during the earnings conference call on April 27, 2021 at 10:00 a.m. The conference call will be simulcast live on the internet and can be accessed at www.asburyauto.com. A replay will be available at these sites for 30 days. In addition, live audio of the call will be accessible to the public by calling (800) 353-6461 (domestic), or (334) 323-0501 (international); passcode 8517555. Callers should dial in approximately 5 to 10 minutes before the call begins. A conference call replay will be available two hours following the call for seven days and can be accessed by calling (888) 203-1112 (domestic), or (719) 457-0820 (international); passcode 8517555. About Asbury Automotive Group, Inc. Asbury Automotive Group, Inc. ("Asbury"), a Fortune 500 company headquartered in Duluth, GA, is one of the largest automotive retailers in the U.S. Asbury currently operates 91 dealerships, consisting of 112 franchises, representing 31 domestic and foreign brands of vehicles. Asbury also operates 25 collision repair centers. Asbury offers customers an extensive range of automotive products and services, including new and used vehicle sales and related financing and insurance, vehicle maintenance and repair services, replacement parts, and service contracts. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements other than historical fact, and may include statements relating to goals, plans, market conditions and projections regarding Asbury's financial position, liquidity, results of operations, market position and dealership portfolio, and other initiatives and future business strategy. These statements are based on management's current expectations and beliefs and involve significant risks and uncertainties that may cause results to differ materially from those set forth in the statements. These risks and uncertainties include, among other things, market factors, Asbury's relationships with, and the financial and operational stability of, vehicle manufacturers and other suppliers, acts of God or other incidents and the shortage of semi-conductor chips and rubber-based products, which may adversely impact supply from vehicle manufacturers and/or present retail sales challenges, risks associated with Asbury's indebtedness (including available borrowing capacity, compliance with its financial covenants and ability to refinance or repay such indebtedness, on favorable terms), Asbury's relationships with, and the financial stability of, its lenders and lessors, risks related to competition in the automotive retail and service industries, general economic conditions both nationally and locally, governmental regulations, legislation, adverse results in litigation and other proceedings, and Asbury's ability to execute its IT initiatives and other operational strategies, Asbury's ability to leverage gains from its dealership portfolio, Asbury's ability to capitalize on opportunities to repurchase its debt and equity securities or purchase properties that it currently leases, and Asbury's ability to stay within its targeted range for capital expenditures. There can be no guarantees that Asbury's plans for future operations will be successfully implemented or that they will prove to be commercially successful. These and other risk factors that could cause actual results to differ materially from those expressed or implied in our forward-looking statements are and will be discussed in Asbury's filings with the U.S. Securities and Exchange Commission from time to time, including its most recent annual report on Form 10-K and any subsequently filed quarterly reports on Form 10-Q. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. ASBURY AUTOMOTIVE GROUP, INC. CONSOLIDATED STATEMENTS OF INCOME (In millions, except per share data) (Unaudited) For the Three Months Ended March 31, Increase (Decrease) % Change 2021 2020 REVENUE: New vehicle $ 1,151.7 $ 822.1 $ 329.6 40 % Used vehicle: Retail 607.5 446.0 161.5 36 % Wholesale 83.4 47.2 36.2 77 % Total used vehicle 690.9 493.2 197.7 40 % Parts and service 262.0 221.6 40.4 18 % Finance and insurance, net 88.3 70.4 17.9 25 % TOTAL REVENUE 2,192.9 1,607.3 585.6 36 % GROSS PROFIT: New vehicle 75.5 36.4 39.1 107 % Used vehicle: Retail 47.5 31.2 16.3 52 % Wholesale 8.3 (0.5) 8.8 NM Total used vehicle 55.8 30.7 25.1 82 % Parts and service 163.1 134.9 28.2 21 % Finance and insurance, net 88.3 70.4 17.9 25 % TOTAL GROSS PROFIT 382.7 272.4 110.3 40 % OPERATING EXPENSES: Selling, general and administrative 239.8 194.7 45.1 23 % Depreciation and amortization 9.8 9.5 0.3 3 % Franchise rights impairment 23.0 (23.0) (100) % Other operating (income) expense, net (3.2) 10.2 (13.4) (131) % INCOME FROM OPERATIONS 136.3 35.0 101.3 289 % OTHER EXPENSES (INCOME): Floor plan interest expense 2.9 7.0 (4.1) (59) % Other interest expense, net 14.0 17.0 (3.0) (18) % Loss on extinguishment of long-term debt, net 20.6 (20.6) (100) % Gain on dealership divestitures, net (33.7) 33.7 100 % Total other expenses, net 16.9 10.9 6.0 55 % INCOME BEFORE INCOME TAXES 119.4 24.1 95.3 395 % Income tax expense 26.6 4.6 22.0 478 % NET INCOME $ 92.8 $ 19.5 $ 73.3 376 % EARNINGS PER COMMON SHARE: Basic Net income $ 4.81 $ 1.02 $ 3.79 372 % Diluted Net income $ 4.78 $ 1.01 $ 3.77 373 % WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: Basic 19.3 19.1 0.2 Restricted stock 0.1 0.1 Performance share units 0.1 (0.1) Diluted 19.4 19.3 0.1 ______________________________ NMNot Meaningful ASBURY AUTOMOTIVE GROUP, INC. KEY OPERATING HIGHLIGHTS (In millions, except per unit data) (Unaudited) For the Three Months Ended March 31, Increase (Decrease) % Change 2021 2020 Unit sales New vehicle: Luxury 8,511 4,992 3,519 70 % Import 14,377 12,458 1,919 15 % Domestic 4,371 4,527 (156) (3) % Total new vehicle 27,259 21,977 5,282 24 % Used vehicle retail 23,519 20,287 3,232 16 % Used to new ratio 86.3 % 92.3 % (600) bps Average selling price New vehicle $ 42,250 $ 37,407 $ 4,843 13 % Used vehicle retail 25,830 21,985 3,845 17 % Average gross profit per unit New vehicle: Luxury $ 5,252 $ 3,385 $ 1,867 55 % Import 1,259 851 408 48 % Domestic 2,906 1,966 940 48 % Total new vehicle 2,770 1,656 1,114 67 % Used vehicle retail 2,020 1,538 482 31 % Finance and insurance, net 1,739 1,666 73 4 % Front end yield (1) 4,161 3,265 896 27 % Gross margin New vehicle: Luxury 8.6 % 6.1 % 250 bps Import 4.1 % 3.0 % 110 bps Domestic 6.5 % 4.7 % 180 bps Total new vehicle 6.6 % 4.4 % 220 bps Used vehicle retail 7.8 % 7.0 % 80 bps Parts and service 62.3 % 60.9 % 140 bps Total gross profit margin 17.5 % 16.9 % 60 bps SG&A metrics Rent expense $ 11.2 $ 6.8 $ 4.4 65 % SG&A as a percentage of gross profit 62.7 % 71.5 % (880) bps SG&A, excluding rent expense as a percentage of gross profit 59.7 % 69.0 % (930) bps Operating metrics Income from operations as a percentage of revenue 6.2 % 2.2 % 400 bps Income from operations as a percentage of gross profit 35.6 % 12.8 % 2,280 bps Adjusted income from operations as a percentage of revenue 6.1 % 4.3 % 180 bps Adjusted income from operations as a percentage of gross profit 34.9 % 25.1 % 980 bps Revenue mix New vehicle 52.5 % 51.1 % Used vehicle retail 27.8 % 27.8 % Used vehicle wholesale 3.8 % 2.9 % Parts and service 11.9 % 13.8 % Finance and insurance 4.0 % 4.4 % Total revenue 100.0 % 100.0 % Gross profit mix New vehicle 19.7 % 13.4 % Used vehicle retail 12.4 % 11.5 % Used vehicle wholesale 2.2 % (0.2) % Parts and service 42.6 % 49.5 % Finance and insurance 23.1 % 25.8 % Total gross profit 100.0 % 100.0 % _____________________________ (1) Front end yield is calculated as gross profit from new vehicles, used retail vehicles and finance and insurance (net), divided by combined new and used retail unit sales. ASBURY AUTOMOTIVE GROUP, INC. SAME STORE OPERATING HIGHLIGHTS (In millions) (Unaudited) For the Three Months Ended March 31, Increase (Decrease) % Change 2021 2020 Revenue New vehicle: Luxury $ 322.2 $ 267.2 $ 55.0 21 % Import 438.1 342.5 95.6 28 % Domestic 189.5 171.4 18.1 11 % Total new vehicle 949.8 781.1 168.7 22 % Used Vehicle: Retail 499.9 416.9 83.0 20 % Wholesale 57.3 44.8 12.5 28 % Total used vehicle 557.2 461.7 95.5 21 % Parts and service 212.4 211.1 1.3 1 % Finance and insurance, net 80.7 67.2 13.5 20 % Total revenue $ 1,800.1 $ 1,521.1 $ 279.0 18 % Gross profit New vehicle: Luxury $ 24.7 $ 16.3 $ 8.4 52 % Import 18.4 10.2 8.2 80 % Domestic 12.4 8.2 4.2 51 % Total new vehicle 55.5 34.7 20.8 60 % Used Vehicle: Retail 40.3 29.6 10.7 36 % Wholesale 6.4 (0.4) 6.8 NM Total used vehicle 46.7 29.2 17.5 60 % Parts and service: Customer pay 77.1 74.8 2.3 3 % Warranty 18.3 21.1 (2.8) (13) % Wholesale parts 5.8 4.7 1.1 23 % Parts and service, excluding reconditioning and preparation 101.2 100.6 0.6 1 % Reconditioning and preparation 29.3 28.0 1.3 5 % Total parts and service 130.5 128.6 1.9 1 % Finance and insurance 80.7 67.2 13.5 20 % Total gross profit $ 313.4 $ 259.7 $ 53.7 21 % SG&A expense $ 199.8 $ 185.1 $ 14.7 8 % SG&A expense as a percentage of gross profit 63.8 % 71.3 % (750) bps _____________________________ Same store amounts consist of information from dealerships for identical months in each comparative period, commencing with the first month we owned the dealership. Additionally, amounts related to divested dealerships are excluded from each comparative period. ASBURY AUTOMOTIVE GROUP, INC. SAME STORE OPERATING HIGHLIGHTS (Continued) (Unaudited) For the Three Months Ended March 31, Increase (Decrease) % Change 2021 2020 Unit sales New vehicle: Luxury 5,526 4,820 706 15 % Import 14,351 11,955 2,396 20 % Domestic 4,270 4,158 112 3 % Total new vehicle 24,147 20,933 3,214 15 % Used vehicle retail 20,740 18,979 1,761 9 % Used to new ratio 85.9 % 90.7 % (480) bps Average selling price New vehicle $ 39,334 $ 37,314 $ 2,020 5 % Used vehicle retail 24,103 21,966 2,137 10 % Average gross profit per unit New vehicle: Luxury $ 4,470 $ 3,382 $ 1,088 32 % Import 1,282 853 429 50 % Domestic 2,904 1,972 932 47 % Total new vehicle 2,298 1,658 640 39 % Used vehicle retail 1,943 1,560 383 25 % Finance and insurance, net 1,798 1,684 114 7 % Front end yield (1) 3,932 3,295 637 19 % Gross margin New vehicle: Luxury 7.7 % 6.1 % 160 bps Import 4.2 % 3.0 % 120 bps Domestic 6.5 % 4.8 % 170 bps Total new vehicle 5.8 % 4.4 % 140 bps Used vehicle retail 8.1 % 7.1 % 100 bps Parts and service: Parts and service, excluding reconditioning and preparation 47.6 % 47.7 % (10) bps Parts and service, including reconditioning and preparation 61.4 % 60.9 % 50 bps Total gross profit margin 17.4 % 17.1 % 30 bps _____________________________ Same store amounts consist of information from dealerships for identical months in each comparative period, commencing with the first month we owned the dealership. Additionally, amounts related to divested dealerships are excluded from each comparative period. (1) Front end yield is calculated as gross profit from new vehicles, used retail vehicles and finance and insurance (net), divided by combined new and used retail unit sales. ASBURY AUTOMOTIVE GROUP, INC. Additional Disclosures (In millions) (Unaudited) March 31, 2021 December 31, 2020 Increase (Decrease) % Change SELECTED BALANCE SHEET DATA Cash and cash equivalents $ 27.8 $ 1.4 $ 26.4 NM New vehicle inventory (a) 527.5 640.0 (112.5) (18) % Used vehicle inventory (b) 193.5 188.5 5.0 3 % Parts inventory (c) 48.6 46.7 1.9 4 % Total current assets 1,317.6 1,405.7 (88.1) (6) % Floor plan notes payable (d) 526.8 702.2 (175.4) (25) % Total current liabilities 1,048.7 1,223.4 (174.7) (14) % CAPITALIZATION: Long-term debt (including current portion) (e) $ 1,194.1 $ 1,201.8 $ (7.7) (1) % Shareholders' equity 998.0 905.5 92.5 10 % Total $ 2,192.1 $ 2,107.3 $ 84.8 4 % _____________________________ NMNot Meaningful (a) Excluding $1.6 million of new vehicle inventory classified as Assets held for sale as of March 31, 2021 (b) Excluding $0.9 million of used vehicle inventory classified as Assets held for sale as of March 31, 2021 (c) Excluding $0.4 million of parts inventory classified as Assets held for sale as of March 31, 2021 (d) Excluding $2.8 million of Floor plan notes payable classified as Liabilities associated with assets held for sale as of March 31, 2021 (e) Excluding $2.3 million and $8.9 million of Long-term debt classified as Liabilities associated with assets held for sale as of March 31, 2021 and December 31, 2020, respectively March 31, 2021 December 31, 2020 March 31, 2020 DAYS SUPPLY New vehicle inventory 34 40 105 Used vehicle inventory 27 31 42 _____________________________ Days supply of inventory is calculated based on new and used inventory levels at the end of each reporting period and a 30 day historical cost of sales. Brand Mix - New Vehicle Revenue by Brand- For the Three Months Ended March 31, 2021 2020 Luxury: Mercedes-Benz 12 % 8 % Lexus 12 % 7 % BMW 5 % 6 % Acura 4 % 4 % Range Rover 3 % 1 % Audi 2 % 2 % Porsche 2 % % Other luxury 5 % 6 % Total luxury 45 % 34 % Imports: Honda 15 % 17 % Toyota 12 % 13 % Nissan 5 % 7 % Other imports 6 % 6 % Total imports 38 % 43 % Domestic: Ford 6 % 10 % Chevrolet 4 % 6 % Dodge 4 % 4 % Other domestics 3 % 3 % Total domestic 17 % 23 % Total New Vehicle Revenue 100 % 100 % ASBURY AUTOMOTIVE GROUP INC. Supplemental Disclosures (Unaudited) Non-GAAP Financial Disclosure and Reconciliation In addition to evaluating the financial condition and results of our operations in accordance with GAAP, from time to time management evaluates and analyzes results and any impact on the Company of strategic decisions and actions relating to, among other things, cost reduction, growth, and profitability improvement initiatives, and other events outside of normal, or "core," business and operations, by considering certain alternative financial measures not prepared in accordance with GAAP. These measures include "Pro forma adjusted leverage ratio," "Adjusted income from operations," "Adjusted net income," " Adjusted operating margins," and "Adjusted diluted earnings per share ("EPS")." Further, management assesses the organic growth of our revenue and gross profit on a same store basis. We believe that our assessment on a same store basis represents an important indicator of comparative financial performance and provides relevant information to assess our performance at our existing locations. Same store amounts consist of information from dealerships for identical months in each comparative period, commencing with the first month we owned the dealership. Additionally, amounts related to divested dealerships are excluded from each comparative period. Non-GAAP measures do not have definitions under GAAP and may be defined differently by and not be comparable to similarly titled measures used by other companies. As a result, any non-GAAP financial measures considered and evaluated by management are reviewed in conjunction with a review of the most directly comparable measures calculated in accordance with GAAP. Management cautions investors not to place undue reliance on such non-GAAP measures, but also to consider them with the most directly comparable GAAP measures. In their evaluation of results from time to time, management excludes items that do not arise directly from core operations, or are otherwise of an unusual or non-recurring nature. Because these non-core, unusual or non-recurring charges and gains materially affect Asbury's financial condition or results in the specific period in which they are recognized, management also evaluates, and makes resource allocation and performance evaluation decisions based on, the related non-GAAP measures excluding such items. In addition to using such non-GAAP measures to evaluate results in a specific period, management believes that such measures may provide more complete and consistent comparisons of operational performance on a period-over-period historical basis and a better indication of expected future trends. Management discloses these non-GAAP measures, and the related reconciliations, because it believes investors use these metrics in evaluating longer-term period-over-period performance, and to allow investors to better understand and evaluate the information used by management to assess operating performance. The following tables provide reconciliations for our non-GAAP metrics: For the Twelve Months Ended March 31, 2021 December 31, 2020 (Dollars in millions) Adjusted leverage ratio: Long-term debt (including current portion) $ 1,194.1 $ 1,201.8 Debt included in Liabilities held for sale 2.3 8.9 Cash and floor plan offset (173.2) (86.8) Availability under our used vehicle revolving floor plan facility (138.8) (137.8) Adjusted long-term net debt $ 884.4 $ 986.1 Calculation of earnings before interest, taxes, depreciation and amortization ("EBITDA"): Net Income $ 327.6 $ 254.4 Depreciation and amortization 38.8 38.5 Income tax expense 105.9 83.7 Swap and other interest expense 54.2 57.6 Earnings before interest, taxes, depreciation and amortization ("EBITDA") $ 526.5 $ 434.2 Non-core items - expense (income): Gain on dealership divestitures $ (28.6) $ (62.3) Legal settlements (4.7) (2.1) Gain on sale of real estate (1.1) (0.3) Park Place related costs 1.3 12.9 Real estate-related charges 2.5 0.7 Franchise rights impairment 23.0 Loss on debt extinguishment 20.7 Total non-core items (30.6) (7.4) Adjusted EBITDA $ 495.9 $ 426.8 Pro forma impact of acquisitions and divestitures on EBITDA $ 29.9 $ 53.1 Pro forma Adjusted EBITDA $ 525.8 $ 479.9 Pro forma Adjusted net leverage ratio 1.7 2.1 For the Three Months Ended March 31, 2021 2020 (In millions, except per share data) Adjusted income from operations: Income from operations $ 136.3 $ 35.0 Legal settlements (3.5) (0.9) Gain on sale of real estate (1.1) (0.3) Real estate related charges 1.8 Park Place related costs 11.6 Franchise rights impairment 23.0 Adjusted income from operations $ 133.5 $ 68.4 Adjusted net income: Net income $ 92.8 $ 19.5 Non-core items - (income) expense: Legal settlements (3.5) (0.9) Gain on sale of real estate (1.1) (0.3) Real estate related charges 1.8 Gain on dealership divestitures (33.7) Loss on extinguishment of debt 20.7 Franchise rights impairment 23.0 Park Place related costs 11.6 Income tax effect on non-core items above 0.7 (5.2) Total non-core items (2.1) 15.2 Adjusted net income $ 90.7 $ 34.7 Adjusted diluted earnings per share (EPS): Diluted EPS $ 4.78 $ 1.01 Total non-core items (0.10) 0.79 Adjusted diluted EPS $ 4.68 $ 1.80 Weighted average common shares outstanding - diluted 19.4 19.3
|
edtsum3835
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: WASHINGTON, April 26, 2021 /PRNewswire/ --Amtrak released its FY20 Sustainability Report that showcases sustainability projects across Amtrak's regions and operations. Throughout the report are details of Amtrak's measured progress against annual and long-term sustainability goals. "By investing in innovative equipment and new technologies, protecting vital rail infrastructure from climate change, reducing greenhouse gas emissions, and expanding access to new communities, we can work together to create a future where intercity rail is operated on clean energy,"said Amtrak CEO Bill Flynn."Investment decisions made today position us to achieve these goals. These visions and our strong sustainability story continue to evolve and grow every year." At the outset of fiscal year 2020, Amtrak was operating at record ridership. As the pandemic spread across the nation, ridership decreased significantly. Amtrak continued providing an essential service to customers who relied on Amtrak as a vital transportation solution. Although travel slowed, Amtrak used 2020 to continue planning the future of U.S. passenger rail. Amtrak advanced climate resilience research and response including, developing Amtrak's first solar power purchase agreement contract, developing tools to incorporate climate risks into capital planning, and initiating internal climate roundtables across various departments. Highlights from the report include: Moynihan Train Hall: Sustainability was a focal point of the project and the design team is currently pursuing the Leadership in Energy and Environmental Design (LEED) Transit certification for its sustainable design and construction. When customers come up to the main concourse, they're welcomed by natural light and spacious rooms with 92-foot ceilings and overhead parabolic skylights, created by reusing the building's steel trusses. LED lights are used on the train information displays lining the wall and the escalators are equipped with smart features, including heaters, to ensure reliability during cold weather and a "sleep mode" that will save energy and increase durability. The entire project was based on restoring and upgrading a historic building to be reused as a durable, modernized transit center which will serve our customers proudly. Climate Resilience Planning: A changing climate is resulting in more frequent, damaging, and severe weather events like wildfires, hurricanes, and heat wavesputting our communities, economies, and ecosystems under stress. Recognizing that our changing climate is adversely affecting our operations, Amtrak has been investigating climate risks. Starting in FY20, Amtrak outlined a vision for a comprehensive strategic plan to pull together resiliency work already underway and set out a plan and goals for the future. The main objectives of the Climate Resilience Strategic Plan are to better understand current business vulnerabilities, develop near term adjustments to business practices and longer term adaptations, with the goal of galvanizing our viability as a safe and reliable mode of transportation in the face of changing conditions. Food Finders: Amtrak prepared for the uptick in spring break travelers by stocking packaged goods and perishable items. Once impacts from COVID-19 directly affected Amtrak operations and reduced train schedules, perishable food was at risk of becoming waste. Amtrak's Los Angeles team immediately called a local food rescue partner, Food Finders to collect perishable items, linens, and towels. Amtrak also teamed up with centers in several major metropolitan areas, including Central Union Mission in Washington, DC, Northwest Harvest in Seattle, King Majesty Ministries in Chicago, Operation Dignity Inc. in Oakland, St. Jude's Community Center in New Orleans, Brookline Food Co-Op in Boston, City Harvest in New York and Curley's House Food Bank in Miami. For more information about Amtrak's approach to sustainability, please visit amtrak.com/sustainability. About Amtrak For 50 years, Amtrak has connected America and transformed transportation by modernizing traintravel andbuilding for the future. Amtrak will continue to play an important role in the national transportation network for the next 50 years and beyond by operating a safe, environmentally efficient, and fiscally responsible business by providing travelers with an experience that sets a new standard. Book travel, check train status, access your eTicket and more through theAmtrak app. Learn more atAmtrak.comand connect with us onTwitter,Instagram,FacebookandLinkedIn. SOURCE Amtrak Related Links http://www.amtrak.com
Answer:
|
Amtrak Releases FY20 Sustainability Report
|
WASHINGTON, April 26, 2021 /PRNewswire/ --Amtrak released its FY20 Sustainability Report that showcases sustainability projects across Amtrak's regions and operations. Throughout the report are details of Amtrak's measured progress against annual and long-term sustainability goals. "By investing in innovative equipment and new technologies, protecting vital rail infrastructure from climate change, reducing greenhouse gas emissions, and expanding access to new communities, we can work together to create a future where intercity rail is operated on clean energy,"said Amtrak CEO Bill Flynn."Investment decisions made today position us to achieve these goals. These visions and our strong sustainability story continue to evolve and grow every year." At the outset of fiscal year 2020, Amtrak was operating at record ridership. As the pandemic spread across the nation, ridership decreased significantly. Amtrak continued providing an essential service to customers who relied on Amtrak as a vital transportation solution. Although travel slowed, Amtrak used 2020 to continue planning the future of U.S. passenger rail. Amtrak advanced climate resilience research and response including, developing Amtrak's first solar power purchase agreement contract, developing tools to incorporate climate risks into capital planning, and initiating internal climate roundtables across various departments. Highlights from the report include: Moynihan Train Hall: Sustainability was a focal point of the project and the design team is currently pursuing the Leadership in Energy and Environmental Design (LEED) Transit certification for its sustainable design and construction. When customers come up to the main concourse, they're welcomed by natural light and spacious rooms with 92-foot ceilings and overhead parabolic skylights, created by reusing the building's steel trusses. LED lights are used on the train information displays lining the wall and the escalators are equipped with smart features, including heaters, to ensure reliability during cold weather and a "sleep mode" that will save energy and increase durability. The entire project was based on restoring and upgrading a historic building to be reused as a durable, modernized transit center which will serve our customers proudly. Climate Resilience Planning: A changing climate is resulting in more frequent, damaging, and severe weather events like wildfires, hurricanes, and heat wavesputting our communities, economies, and ecosystems under stress. Recognizing that our changing climate is adversely affecting our operations, Amtrak has been investigating climate risks. Starting in FY20, Amtrak outlined a vision for a comprehensive strategic plan to pull together resiliency work already underway and set out a plan and goals for the future. The main objectives of the Climate Resilience Strategic Plan are to better understand current business vulnerabilities, develop near term adjustments to business practices and longer term adaptations, with the goal of galvanizing our viability as a safe and reliable mode of transportation in the face of changing conditions. Food Finders: Amtrak prepared for the uptick in spring break travelers by stocking packaged goods and perishable items. Once impacts from COVID-19 directly affected Amtrak operations and reduced train schedules, perishable food was at risk of becoming waste. Amtrak's Los Angeles team immediately called a local food rescue partner, Food Finders to collect perishable items, linens, and towels. Amtrak also teamed up with centers in several major metropolitan areas, including Central Union Mission in Washington, DC, Northwest Harvest in Seattle, King Majesty Ministries in Chicago, Operation Dignity Inc. in Oakland, St. Jude's Community Center in New Orleans, Brookline Food Co-Op in Boston, City Harvest in New York and Curley's House Food Bank in Miami. For more information about Amtrak's approach to sustainability, please visit amtrak.com/sustainability. About Amtrak For 50 years, Amtrak has connected America and transformed transportation by modernizing traintravel andbuilding for the future. Amtrak will continue to play an important role in the national transportation network for the next 50 years and beyond by operating a safe, environmentally efficient, and fiscally responsible business by providing travelers with an experience that sets a new standard. Book travel, check train status, access your eTicket and more through theAmtrak app. Learn more atAmtrak.comand connect with us onTwitter,Instagram,FacebookandLinkedIn. SOURCE Amtrak Related Links http://www.amtrak.com
|
edtsum3847
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SANTERAMO IN COLLE, Bari, Italy--(BUSINESS WIRE)--The majority shareholder of Natuzzi S.p.A. (NYSE: NTZ) (Natuzzi or the Company) has notified the Company that it will not participate to the Companys shareholder meeting convened, on first call, for April 30, 2021. Accordingly, the Companys shareholder meeting will be held, on second call, on May 7, 2021. The Bank of New York Mellon, as Depositary of the American Depositary Receipt (ADR) program of the Company, informed the Company that, with regard to the matters to be voted upon at the shareholder meeting on May 7, 2021, it will consider as proper and timely submitted any instructions to vote that are received from any ADR holder by 12:00 pm EST on May 3, 2021. About Natuzzi S.p.A. Founded in 1959 by Pasquale Natuzzi, Natuzzi S.p.A. is Italys largest furniture house and one of the most important global players in the furniture industry with an extensive manufacturing footprint and a global retail network. Natuzzi is a lifestyle brand with a top position in the global furniture sector and has been listed on the New York Stock Exchange since May 13, 1993. Always committed to social responsibility and environmental sustainability, Natuzzi S.p.A. is ISO 9001 and 14001 certified (Quality and Environment), ISO 45001 certified (Safety on the Workplace) and FSC certified (Forest Stewardship Council).
Answer:
|
Annual General Shareholders Meeting of Natuzzi S.p.A.
|
SANTERAMO IN COLLE, Bari, Italy--(BUSINESS WIRE)--The majority shareholder of Natuzzi S.p.A. (NYSE: NTZ) (Natuzzi or the Company) has notified the Company that it will not participate to the Companys shareholder meeting convened, on first call, for April 30, 2021. Accordingly, the Companys shareholder meeting will be held, on second call, on May 7, 2021. The Bank of New York Mellon, as Depositary of the American Depositary Receipt (ADR) program of the Company, informed the Company that, with regard to the matters to be voted upon at the shareholder meeting on May 7, 2021, it will consider as proper and timely submitted any instructions to vote that are received from any ADR holder by 12:00 pm EST on May 3, 2021. About Natuzzi S.p.A. Founded in 1959 by Pasquale Natuzzi, Natuzzi S.p.A. is Italys largest furniture house and one of the most important global players in the furniture industry with an extensive manufacturing footprint and a global retail network. Natuzzi is a lifestyle brand with a top position in the global furniture sector and has been listed on the New York Stock Exchange since May 13, 1993. Always committed to social responsibility and environmental sustainability, Natuzzi S.p.A. is ISO 9001 and 14001 certified (Quality and Environment), ISO 45001 certified (Safety on the Workplace) and FSC certified (Forest Stewardship Council).
|
edtsum3853
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: REDWOOD CITY, Calif., June 8, 2020 /PRNewswire/ -- In a newly published report by Dell'Oro Group, the trusted source for information about the telecommunications and networking industries, a total of 16 million Ethernet controller and adapter ports were shipped in 1Q 2020, surpassing the totals from the prior quarter. 10 Gbps comprised a record 40 percent share of total port shipments, and was largely driven by shipments of Intel Ethernet controller ports. "The growth of controller and adapter shipments, for 10 Gbps ports, in particular, outpaced the growth of server units by a considerable amount for the past two quarters," said Baron Fung, Research Director at Dell'Oro Group. "System vendors have been increasing their inventory of Intel processors, a portion of which have integrated Ethernet ports, and discrete Ethernet controllers in light of on-going disruptions from the global pandemic. Furthermore, Chinese system vendors, with Huawei in particular, are likely to face additional bans in sourcing components from U.S. suppliers and are increasing their stock of these essential components on hand to meet near-term demand," added Fung. Additional highlights from the 1Q 2020 Controller and Adapter report include: Total controller and adapter port shipments increased 31 percent year-over-year. Microsoft, Google, and Facebook accounted for 91 percent of the 50 Gbps controller and adapter port shipments. Amazon commanded 85 percent share of the Smart NIC market based on ports shipped in 1Q 2020, although Broadcom led all adapter vendors with port shipments of 58 K. About the Report The Dell'Oro Group Controller and Adapter Quarterly Reportprovides complete, in-depth coverage of the market with tables covering manufacturers' revenue; average selling prices; and unit and port shipments by speed (1 Gbps, 10 Gbps, 25 Gbps, 40 Gbps, 50 Gbps, and 100 Gbps) for Ethernet and Fibre Channel Over Ethernet (FCoE) controllers and adapters. The report also covers Smart NIC and InfiniBand controllers and adapters. To purchase this report, please contact us at [emailprotected]. About Dell'Oro Group As the trusted source for market information about the networking and telecommunications industries, Dell'Oro Group provides in-depth, objective research and analysis that enables component manufacturers, equipment vendors, and investment firms to make fact-based, strategic decisions. For more information, contact Dell'Oro Group at +1.650.622.9400 or visit www.DellOro.com. SOURCE Dell'Oro Group Related Links http://www.delloro.com
Answer:
|
Ethernet Controller and Adapter Port Shipments Reached New Heights in 1Q 2020, According to Dell'Oro Group Intel 10 Gbps Controller Port Shipments Drove the Growth
|
REDWOOD CITY, Calif., June 8, 2020 /PRNewswire/ -- In a newly published report by Dell'Oro Group, the trusted source for information about the telecommunications and networking industries, a total of 16 million Ethernet controller and adapter ports were shipped in 1Q 2020, surpassing the totals from the prior quarter. 10 Gbps comprised a record 40 percent share of total port shipments, and was largely driven by shipments of Intel Ethernet controller ports. "The growth of controller and adapter shipments, for 10 Gbps ports, in particular, outpaced the growth of server units by a considerable amount for the past two quarters," said Baron Fung, Research Director at Dell'Oro Group. "System vendors have been increasing their inventory of Intel processors, a portion of which have integrated Ethernet ports, and discrete Ethernet controllers in light of on-going disruptions from the global pandemic. Furthermore, Chinese system vendors, with Huawei in particular, are likely to face additional bans in sourcing components from U.S. suppliers and are increasing their stock of these essential components on hand to meet near-term demand," added Fung. Additional highlights from the 1Q 2020 Controller and Adapter report include: Total controller and adapter port shipments increased 31 percent year-over-year. Microsoft, Google, and Facebook accounted for 91 percent of the 50 Gbps controller and adapter port shipments. Amazon commanded 85 percent share of the Smart NIC market based on ports shipped in 1Q 2020, although Broadcom led all adapter vendors with port shipments of 58 K. About the Report The Dell'Oro Group Controller and Adapter Quarterly Reportprovides complete, in-depth coverage of the market with tables covering manufacturers' revenue; average selling prices; and unit and port shipments by speed (1 Gbps, 10 Gbps, 25 Gbps, 40 Gbps, 50 Gbps, and 100 Gbps) for Ethernet and Fibre Channel Over Ethernet (FCoE) controllers and adapters. The report also covers Smart NIC and InfiniBand controllers and adapters. To purchase this report, please contact us at [emailprotected]. About Dell'Oro Group As the trusted source for market information about the networking and telecommunications industries, Dell'Oro Group provides in-depth, objective research and analysis that enables component manufacturers, equipment vendors, and investment firms to make fact-based, strategic decisions. For more information, contact Dell'Oro Group at +1.650.622.9400 or visit www.DellOro.com. SOURCE Dell'Oro Group Related Links http://www.delloro.com
|
edtsum3856
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: DUBLIN, April 8, 2020 /PRNewswire/ -- ResearchAndMarkets.com identifies Telehealth as one of the industries experiencing increased demand during the Coronavirus pandemic.During a crisis that threatens to overwhelm the healthcare system, more consumers will turn to any electronic and online means to monitor their health and seek treatment, including telemonitoring, health apps, and various healthcare software and web services. Telehealth Industry Experiencing Unprecedented Demand Amid COVID-19 Outbreak & Lockdown Regulations - ResearchAndMarkets.com (PRNewsfoto/Research and Markets) Online health consultant companies like Dialogue report a surge in customer interest in the last two weeks, causing them to almost double their number of employees, and medical app InkBlot has seen a 200% increase in demand. ResearchAndMarkets.com offers a variety of research reports covering Telehealth and related topics such as mHealth and Healthcare Software.Latest available reports on this sector include: Global Telemedicine Market Outlook 2022 Home Healthcare Software Market Report: Trends, Forecast, and Competitive AnalysisTelehealth is just one area seeing an unexpected rise in demand. ResearchAndMarkets.comhave identified the leading trends in the following article: 30 industries seeing a surge in demand due to the COVID-19 pandemicAbout ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.Media Contacts: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets
Answer:
|
Telehealth Industry Experiencing Unprecedented Demand Amid COVID-19 Outbreak & Lockdown Regulations - ResearchAndMarkets.com
|
DUBLIN, April 8, 2020 /PRNewswire/ -- ResearchAndMarkets.com identifies Telehealth as one of the industries experiencing increased demand during the Coronavirus pandemic.During a crisis that threatens to overwhelm the healthcare system, more consumers will turn to any electronic and online means to monitor their health and seek treatment, including telemonitoring, health apps, and various healthcare software and web services. Telehealth Industry Experiencing Unprecedented Demand Amid COVID-19 Outbreak & Lockdown Regulations - ResearchAndMarkets.com (PRNewsfoto/Research and Markets) Online health consultant companies like Dialogue report a surge in customer interest in the last two weeks, causing them to almost double their number of employees, and medical app InkBlot has seen a 200% increase in demand. ResearchAndMarkets.com offers a variety of research reports covering Telehealth and related topics such as mHealth and Healthcare Software.Latest available reports on this sector include: Global Telemedicine Market Outlook 2022 Home Healthcare Software Market Report: Trends, Forecast, and Competitive AnalysisTelehealth is just one area seeing an unexpected rise in demand. ResearchAndMarkets.comhave identified the leading trends in the following article: 30 industries seeing a surge in demand due to the COVID-19 pandemicAbout ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.Media Contacts: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets
|
edtsum3860
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: RYE, N.Y., May 13, 2020 /PRNewswire/ --Quest Patent Research Corporation(OTCQB: QPRC)("Quest" or "Company"), an Intellectual Property asset monetization company, today is reporting its financial results for the three month period ended March 31, 2020 and is providing an operational update to its shareholders. Mr. Jon Scahill, CEO of Quest commented, "We are pleased with our financial results for the first quarter of 2020 during which we increased revenue year-over-year 132% while also improving net cash from operating activities. During the remainder of 2020 we have several cases that are stayed pending settlement and trial dates set on the court docket." "The continued execution of our business model is a testament to the expertise our management team, board and legal counsel have in identifying undervalued assets and successfully implementing a strategy to yield return on investment for our shareholders. To date we have successfully licensed and engaged in high-level negotiations with some of the most renowned companies in the world. Management looks forward to leveraging the numerous opportunities that lay ahead of us, as we continue to remain focused on delivering increased revenue, improved margins and enhanced shareholder value," Mr. Scahill continued. Quest's operations include the development, acquisition, licensing and enforcement of intellectual property. Quest currently owns, controls or manages 11 intellectual property portfolios consisting of over 115 patents. Financial Highlights for the Three Month Period Ended March 31, 2020: Revenues for the three months ended March 31, 2020 were approximately $870,000, an increase of approximately $495,000, or 132%, compared to approximately $375,000 the three months ended March 31, 2019. The increase in revenue is primarily due to an escalation in patent licensing fees of approximately $495,000. The patent licensing fees of $870,000 for the three months ended March 31, 2020 resulted from the licensing and/or settlements in the Power Management/Bus Control Portfolio and the CXT Portfolio. Net cash provided from operating activities improved year-over-year to $208,824. IP Enforcement Highlights for Remainder of 2020: 2 matters currently stayed pending settlement agreements; dismissals expected in Q2. 4 active matters, all with trials docketed for the current calendar year. For more information please refer to the Company's 10-Q filing with the Securities and Exchange Commission. About Quest Patent Research CorporationsQuest is an Intellectual Property ('IP') licensing and commercialization company. The Company acquires and manages IP rights from a variety of sources, including large and small corporations, universities and other IP owners. Quest specializes in both mature and emerging technologies, delivering a suite of value add financial, strategic and legal resources to efficiently monetize IP throughout the full commercialization lifecycle. For more information please visit www.qprc.com. Forward-Looking StatementsStatements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can be identified by the use of words such as "may," "will," "plan," "should," "expect," "anticipate," "estimate," "continue," or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate, and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading "Risk Factors" in the Company's Annual Reports on Form 10-K, as may be supplemented or amended by the Company's Quarterly Reports on Form 10-Q. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise. SOURCE Quest Patent Research Corporation Related Links http://www.qprc.com
Answer:
|
Quest Patent Research Provides Operational Update for the Three Month Period Ended March 31, 2020
|
RYE, N.Y., May 13, 2020 /PRNewswire/ --Quest Patent Research Corporation(OTCQB: QPRC)("Quest" or "Company"), an Intellectual Property asset monetization company, today is reporting its financial results for the three month period ended March 31, 2020 and is providing an operational update to its shareholders. Mr. Jon Scahill, CEO of Quest commented, "We are pleased with our financial results for the first quarter of 2020 during which we increased revenue year-over-year 132% while also improving net cash from operating activities. During the remainder of 2020 we have several cases that are stayed pending settlement and trial dates set on the court docket." "The continued execution of our business model is a testament to the expertise our management team, board and legal counsel have in identifying undervalued assets and successfully implementing a strategy to yield return on investment for our shareholders. To date we have successfully licensed and engaged in high-level negotiations with some of the most renowned companies in the world. Management looks forward to leveraging the numerous opportunities that lay ahead of us, as we continue to remain focused on delivering increased revenue, improved margins and enhanced shareholder value," Mr. Scahill continued. Quest's operations include the development, acquisition, licensing and enforcement of intellectual property. Quest currently owns, controls or manages 11 intellectual property portfolios consisting of over 115 patents. Financial Highlights for the Three Month Period Ended March 31, 2020: Revenues for the three months ended March 31, 2020 were approximately $870,000, an increase of approximately $495,000, or 132%, compared to approximately $375,000 the three months ended March 31, 2019. The increase in revenue is primarily due to an escalation in patent licensing fees of approximately $495,000. The patent licensing fees of $870,000 for the three months ended March 31, 2020 resulted from the licensing and/or settlements in the Power Management/Bus Control Portfolio and the CXT Portfolio. Net cash provided from operating activities improved year-over-year to $208,824. IP Enforcement Highlights for Remainder of 2020: 2 matters currently stayed pending settlement agreements; dismissals expected in Q2. 4 active matters, all with trials docketed for the current calendar year. For more information please refer to the Company's 10-Q filing with the Securities and Exchange Commission. About Quest Patent Research CorporationsQuest is an Intellectual Property ('IP') licensing and commercialization company. The Company acquires and manages IP rights from a variety of sources, including large and small corporations, universities and other IP owners. Quest specializes in both mature and emerging technologies, delivering a suite of value add financial, strategic and legal resources to efficiently monetize IP throughout the full commercialization lifecycle. For more information please visit www.qprc.com. Forward-Looking StatementsStatements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can be identified by the use of words such as "may," "will," "plan," "should," "expect," "anticipate," "estimate," "continue," or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate, and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading "Risk Factors" in the Company's Annual Reports on Form 10-K, as may be supplemented or amended by the Company's Quarterly Reports on Form 10-Q. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise. SOURCE Quest Patent Research Corporation Related Links http://www.qprc.com
|
edtsum3871
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: LONDON--(BUSINESS WIRE)-- Ap19 FORM 8.3 IRISH TAKEOVER PANEL DISCLOSURE UNDER RULE 8.3 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2013 DEALINGS BY PERSONS WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE 1. KEY INFORMATION 2. INTERESTS AND SHORT POSITIONS (a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3) (1) 345,729 0.15% 2,361,671 1.02% (2) 528,090 0.23% 33,200 0.01% (3) 107,299 0.05% 106,599 0.05% 981,118 0.42% 2,501,470 1.08% (b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3) Class of relevant security: Long Short Number (%) Number (%) (1) Relevant securities (2) Derivatives (other than options) (3) Options and agreements to purchase/sell Total Ap20 1. DEALINGS (Note 4) (a) Purchases and sales Number of relevant securities Price per unit 1 201.6000 USD 1 200.2900 USD 3 201.4600 USD 5 200.6060 USD 7 202.1585 USD 7 201.0157 USD 8 201.1325 USD 14 202.6907 USD 30 201.4573 USD 31 201.5200 USD 32 201.4584 USD 51 201.6127 USD 58 201.4200 USD 75 202.0896 USD 100 202.3200 USD 100 200.3900 USD 100 202.0900 USD 109 199.9637 USD 112 202.1446 USD 118 201.6758 USD 143 201.9674 USD 144 202.0921 USD 200 202.1450 USD 249 202.3500 USD 250 200.6860 USD 400 201.7974 USD 400 201.3700 USD 400 202.1000 USD 414 201.5377 USD 457 202.2600 USD 600 201.5083 USD 621 202.1251 USD 670 201.7401 USD 730 201.3793 USD 774 201.1393 USD 3,211 201.5400 USD 3,960 201.5023 USD 4,546 201.3566 USD 5,100 201.5298 USD 5,639 201.5087 USD 10,147 201.3390 USD 13,073 201.5565 USD 14,436 201.3287 USD 24,161 201.2111 USD 3 202.0800 USD 5 201.6300 USD 7 202.1800 USD 31 201.5200 USD 35 201.0400 USD 37 201.8400 USD 40 201.5700 USD 100 201.5350 USD 100 201.2000 USD 100 202.0700 USD 100 201.0200 USD 100 201.5100 USD 100 202.0200 USD 100 201.3200 USD 110 202.1000 USD 131 200.3254 USD 133 201.1485 USD 170 201.6600 USD 200 201.6550 USD 200 201.0150 USD 200 200.2108 USD 200 201.5000 USD 210 201.3047 USD 225 201.7100 USD 238 201.1092 USD 273 201.4658 USD 290 201.5848 USD 300 201.3833 USD 300 201.8883 USD 301 201.8343 USD 356 201.5130 USD 400 201.3850 USD 403 202.0952 USD 405 201.6325 USD 416 201.3946 USD 458 201.3763 USD 494 201.6187 USD 537 201.4438 USD 570 201.5493 USD 670 201.4194 USD 672 201.5194 USD 742 201.4933 USD 746 201.5004 USD 773 201.4198 USD 785 201.3705 USD 801 201.4370 USD 855 201.3750 USD 1,002 201.5799 USD 1,322 201.5657 USD 1,400 201.0830 USD 1,744 201.4524 USD 1,857 201.6306 USD 2,021 201.3928 USD 3,148 201.5400 USD 3,536 201.1246 USD 4,474 201.1762 USD 5,282 201.0532 USD 6,837 201.0225 USD 7,012 201.3313 USD 8,794 201.3770 USD 10,818 201.4790 USD 20,724 201.5383 USD (b) Derivatives transactions (other than options transactions) Product name, e.g. CFD Nature of transaction (Note 6) Number of relevant securities (Note 7) Price per unit (Note 5) (c) Options transactions in respect of existing relevant securities (i) Writing, selling, purchasing or varying Product name, e.g. call option Writing, selling, purchasing, varying etc. Number of securities to which the option relates (Note 7) Exercise price Type, e.g. American, European etc. Expiry date Option money paid/received per unit (Note 5) (ii) Exercising Product name, e.g. call option Number of securities Exercise price per unit (Note 5) (d) Other dealings (including transactions in respect of new securities) (Note 4) Nature of transaction (Note 8) Details Price per unit (if applicable) (Note 5) Ap21 2. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated. None YES 14 Sep 2020 Large Holdings Regulatory Operations 020 3134 7213 Ap23 SUPPLEMENTAL FORM 8 IRISH TAKEOVER PANEL DISCLOSURE UNDER RULE 8.1 AND RULE 8.3 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2013 DETAILS OF OPEN POSITIONS (This form should be attached to Form 8.1(a) & (b)(i), Form 8.1(b)(ii) or Form 8.3, as appropriate) OPEN POSITIONS (Note 1) Number of Exercise Type Expiry relevant securities price date to which the option or derivative relates 700 195.0000 American Sep 18, 2020 -106,599 214.5780 European Oct 20, 2020 106,599 214.5780 European Oct 20, 2020 Notes 1. Where there are open option positions or open derivative positions (except for CFDs), full details should be given. Full details of any existing agreements to purchase or to sell must also be given on this form. 2. For all prices and other monetary amounts, the currency must be stated. For full details of disclosure requirements, see Rule 8 of the Rules. If in doubt, consult the Panel.
Answer:
|
FORM 8.3 AON PLC
|
LONDON--(BUSINESS WIRE)-- Ap19 FORM 8.3 IRISH TAKEOVER PANEL DISCLOSURE UNDER RULE 8.3 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2013 DEALINGS BY PERSONS WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE 1. KEY INFORMATION 2. INTERESTS AND SHORT POSITIONS (a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3) (1) 345,729 0.15% 2,361,671 1.02% (2) 528,090 0.23% 33,200 0.01% (3) 107,299 0.05% 106,599 0.05% 981,118 0.42% 2,501,470 1.08% (b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3) Class of relevant security: Long Short Number (%) Number (%) (1) Relevant securities (2) Derivatives (other than options) (3) Options and agreements to purchase/sell Total Ap20 1. DEALINGS (Note 4) (a) Purchases and sales Number of relevant securities Price per unit 1 201.6000 USD 1 200.2900 USD 3 201.4600 USD 5 200.6060 USD 7 202.1585 USD 7 201.0157 USD 8 201.1325 USD 14 202.6907 USD 30 201.4573 USD 31 201.5200 USD 32 201.4584 USD 51 201.6127 USD 58 201.4200 USD 75 202.0896 USD 100 202.3200 USD 100 200.3900 USD 100 202.0900 USD 109 199.9637 USD 112 202.1446 USD 118 201.6758 USD 143 201.9674 USD 144 202.0921 USD 200 202.1450 USD 249 202.3500 USD 250 200.6860 USD 400 201.7974 USD 400 201.3700 USD 400 202.1000 USD 414 201.5377 USD 457 202.2600 USD 600 201.5083 USD 621 202.1251 USD 670 201.7401 USD 730 201.3793 USD 774 201.1393 USD 3,211 201.5400 USD 3,960 201.5023 USD 4,546 201.3566 USD 5,100 201.5298 USD 5,639 201.5087 USD 10,147 201.3390 USD 13,073 201.5565 USD 14,436 201.3287 USD 24,161 201.2111 USD 3 202.0800 USD 5 201.6300 USD 7 202.1800 USD 31 201.5200 USD 35 201.0400 USD 37 201.8400 USD 40 201.5700 USD 100 201.5350 USD 100 201.2000 USD 100 202.0700 USD 100 201.0200 USD 100 201.5100 USD 100 202.0200 USD 100 201.3200 USD 110 202.1000 USD 131 200.3254 USD 133 201.1485 USD 170 201.6600 USD 200 201.6550 USD 200 201.0150 USD 200 200.2108 USD 200 201.5000 USD 210 201.3047 USD 225 201.7100 USD 238 201.1092 USD 273 201.4658 USD 290 201.5848 USD 300 201.3833 USD 300 201.8883 USD 301 201.8343 USD 356 201.5130 USD 400 201.3850 USD 403 202.0952 USD 405 201.6325 USD 416 201.3946 USD 458 201.3763 USD 494 201.6187 USD 537 201.4438 USD 570 201.5493 USD 670 201.4194 USD 672 201.5194 USD 742 201.4933 USD 746 201.5004 USD 773 201.4198 USD 785 201.3705 USD 801 201.4370 USD 855 201.3750 USD 1,002 201.5799 USD 1,322 201.5657 USD 1,400 201.0830 USD 1,744 201.4524 USD 1,857 201.6306 USD 2,021 201.3928 USD 3,148 201.5400 USD 3,536 201.1246 USD 4,474 201.1762 USD 5,282 201.0532 USD 6,837 201.0225 USD 7,012 201.3313 USD 8,794 201.3770 USD 10,818 201.4790 USD 20,724 201.5383 USD (b) Derivatives transactions (other than options transactions) Product name, e.g. CFD Nature of transaction (Note 6) Number of relevant securities (Note 7) Price per unit (Note 5) (c) Options transactions in respect of existing relevant securities (i) Writing, selling, purchasing or varying Product name, e.g. call option Writing, selling, purchasing, varying etc. Number of securities to which the option relates (Note 7) Exercise price Type, e.g. American, European etc. Expiry date Option money paid/received per unit (Note 5) (ii) Exercising Product name, e.g. call option Number of securities Exercise price per unit (Note 5) (d) Other dealings (including transactions in respect of new securities) (Note 4) Nature of transaction (Note 8) Details Price per unit (if applicable) (Note 5) Ap21 2. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated. None YES 14 Sep 2020 Large Holdings Regulatory Operations 020 3134 7213 Ap23 SUPPLEMENTAL FORM 8 IRISH TAKEOVER PANEL DISCLOSURE UNDER RULE 8.1 AND RULE 8.3 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2013 DETAILS OF OPEN POSITIONS (This form should be attached to Form 8.1(a) & (b)(i), Form 8.1(b)(ii) or Form 8.3, as appropriate) OPEN POSITIONS (Note 1) Number of Exercise Type Expiry relevant securities price date to which the option or derivative relates 700 195.0000 American Sep 18, 2020 -106,599 214.5780 European Oct 20, 2020 106,599 214.5780 European Oct 20, 2020 Notes 1. Where there are open option positions or open derivative positions (except for CFDs), full details should be given. Full details of any existing agreements to purchase or to sell must also be given on this form. 2. For all prices and other monetary amounts, the currency must be stated. For full details of disclosure requirements, see Rule 8 of the Rules. If in doubt, consult the Panel.
|
edtsum3884
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: DUBLIN, Jan. 8, 2021 /PRNewswire/ --Aon plc(NYSE:AON), the leading global professional services firm providing a broad range of risk, retirement and health solutions, plans to announce fourth quarter and full year 2020 results on Friday, February 5th, 2021 in a news release to be issued at 5:00 am Central Time. Greg Case, CEO, will host a conference call at 7:30 am Central Time on Friday February 5th, 2021. The conference call will be broadcast live through Aon's website at www.aon.com. A replay will be available shortly after the live webcast. The earnings release and supplemental slide presentation will be available on Aon's web site at www.aon.com. About AonAon plc(NYSE:AON) Aonis a leading global professional services firm providing a broad range of risk, retirement and health solutions.Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance. Follow Aon on Twitter:https://twitter.com/Aon_plcSign up for News Alerts:http://aon.mediaroom.com/index.php?s=58 Investor Contact:Investor Relations[emailprotected] +1 312-381-3310 Media Contact:Jason Gertzen[emailprotected]+1 312-381-3024 SOURCE Aon plc
Answer:
|
Aon Announces Fourth Quarter and Full Year 2020 Earnings Release and Conference Call
|
DUBLIN, Jan. 8, 2021 /PRNewswire/ --Aon plc(NYSE:AON), the leading global professional services firm providing a broad range of risk, retirement and health solutions, plans to announce fourth quarter and full year 2020 results on Friday, February 5th, 2021 in a news release to be issued at 5:00 am Central Time. Greg Case, CEO, will host a conference call at 7:30 am Central Time on Friday February 5th, 2021. The conference call will be broadcast live through Aon's website at www.aon.com. A replay will be available shortly after the live webcast. The earnings release and supplemental slide presentation will be available on Aon's web site at www.aon.com. About AonAon plc(NYSE:AON) Aonis a leading global professional services firm providing a broad range of risk, retirement and health solutions.Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance. Follow Aon on Twitter:https://twitter.com/Aon_plcSign up for News Alerts:http://aon.mediaroom.com/index.php?s=58 Investor Contact:Investor Relations[emailprotected] +1 312-381-3310 Media Contact:Jason Gertzen[emailprotected]+1 312-381-3024 SOURCE Aon plc
|
edtsum3886
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, Jan. 28, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Pluralsight, Inc. (NASDAQ: PS)concerning potential violations ofthe federal securities laws and/or breaches of fiduciary duties relating to its sale to Vista Equity Partners for $20.26 per share. If you are a Pluralsight shareholder, click here to learn more about your rights and options. TCF Financial Corporation (NASDAQ: TCF)concerning potential violations ofthe federal securities laws and/or breaches of fiduciary duties relating to its merger with Huntington Bancshares Incorporated. Under the merger, TCF shareholders will reportedly receive 3.0028 Huntington shares for each TCF share.If you are a TCF shareholder, click here to learn more about your rights and options. Cardtronics plc (NASDAQ: CATM)concerning potential violations ofthe federal securities laws and/or breaches of fiduciary duties relating to its sale to NCR Corporation for $39.00 per share in cash.If you are a Cardtronics shareholder, click here to learn more about your rights and options. Magellan Health, Inc. (NASDAQ: MGLN)concerning potential violations ofthe federal securities laws and/or breaches of fiduciary duties relating to its sale to Centene Corporation for $95.00 per share in cash.If you are a Magellan shareholder, click here to learn more about your rights and options. FLIR Systems, Inc. (NASDAQ: FLIR)concerning potential violations ofthe federal securities laws and/or breaches of fiduciary duties relating to its sale to Teledyne Technologies Incorporated for $28.00 per share in cash and 0.0718 shares of Teledyne common stock for each FLIR share.If you are a FLIR shareholder, click here to learn more about your rights and options. Halper Sadeh LLP may seek increased consideration, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders. Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [emailprotected]or [emailprotected]. Halper Sadeh LLPrepresents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information:Halper Sadeh LLPDaniel Sadeh, Esq.Zachary Halper, Esq.(212) 763-0060[emailprotected][emailprotected]https://www.halpersadeh.com SOURCE Halper Sadeh LLP Related Links www.halpersadeh.com
Answer:
|
ALERT: Halper Sadeh LLP Investigates the Following Companies on Behalf of Shareholders - PS, TCF, CATM, MGLN, FLIR USA - English USA - English
|
NEW YORK, Jan. 28, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Pluralsight, Inc. (NASDAQ: PS)concerning potential violations ofthe federal securities laws and/or breaches of fiduciary duties relating to its sale to Vista Equity Partners for $20.26 per share. If you are a Pluralsight shareholder, click here to learn more about your rights and options. TCF Financial Corporation (NASDAQ: TCF)concerning potential violations ofthe federal securities laws and/or breaches of fiduciary duties relating to its merger with Huntington Bancshares Incorporated. Under the merger, TCF shareholders will reportedly receive 3.0028 Huntington shares for each TCF share.If you are a TCF shareholder, click here to learn more about your rights and options. Cardtronics plc (NASDAQ: CATM)concerning potential violations ofthe federal securities laws and/or breaches of fiduciary duties relating to its sale to NCR Corporation for $39.00 per share in cash.If you are a Cardtronics shareholder, click here to learn more about your rights and options. Magellan Health, Inc. (NASDAQ: MGLN)concerning potential violations ofthe federal securities laws and/or breaches of fiduciary duties relating to its sale to Centene Corporation for $95.00 per share in cash.If you are a Magellan shareholder, click here to learn more about your rights and options. FLIR Systems, Inc. (NASDAQ: FLIR)concerning potential violations ofthe federal securities laws and/or breaches of fiduciary duties relating to its sale to Teledyne Technologies Incorporated for $28.00 per share in cash and 0.0718 shares of Teledyne common stock for each FLIR share.If you are a FLIR shareholder, click here to learn more about your rights and options. Halper Sadeh LLP may seek increased consideration, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders. Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [emailprotected]or [emailprotected]. Halper Sadeh LLPrepresents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information:Halper Sadeh LLPDaniel Sadeh, Esq.Zachary Halper, Esq.(212) 763-0060[emailprotected][emailprotected]https://www.halpersadeh.com SOURCE Halper Sadeh LLP Related Links www.halpersadeh.com
|
edtsum3889
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: FT. WORTH, Texas, March 17, 2020 /PRNewswire/ --Today,Simpli.fi, the leading programmatic platform for addressable, mobile, and OTT/CTV advertising, announced that the company has once again bolstered its OTT/CTV advertising offering with the launch of its new online attribution capability. Advertisers working with Simpli.fi can now directly attribute online browser-based conversions to their OTT/CTV advertising campaigns, including those ads that are served on televisions. This capability is especially applicable to Direct-to-Consumer (DTC) brands and e-Commerce advertisers as it enables them to quickly measure performance and optimize campaigns to meet their performance goals. Building on Simpli.fi's leading OTT/CTV attribution capabilities, online attribution joins Simpli.fi's existing online-to-offline foot traffic functionality. Advertisers can now attribute a Return on Investment (ROI) to their OTT/CTV campaigns by tracking lift in in-store visits, or by tracking online conversions, such as visiting an advertiser's website, completing a form-fill, adding a product to a shopping cart, purchasing a product, and more. These features are enabled by Simpli.fi's cross-device capabilities and mobile attribution technology. In 2019 alone, Simpli.fi executed over 26,000 OTT/CTV campaigns for more than 7,500 unique advertisers, bringing advanced OTT/CTV advertising capabilities to advertisers of all sizes. Simpli.fi's rapid OTT/CTV growth is being driven by powerful audience targeting methods, which include addressable, behavioral, and demographic targeting. With the ability to serve OTT/CTV ads to all eligible U.S. households, Simpli.fi's advanced attribution capabilities bring new measurement and reporting to advertisers looking to understand the effectiveness of their TV advertising, whether it is driving prospects and customers to physical locations or attributing online conversions to their ad buys. "The power of our combined attribution offering of both online and physical in-store attribution gives advertisers an unprecedented understanding of how well their OTT/CTV advertising campaigns are performing," said Frost Prioleau, CEO and Co-founder of Simpli.fi. "The new online conversion attribution is a game-changer for direct-to-consumer brands, e-commerce advertisers, and others who are looking to precisely measure the performance of their OTT/CTV campaigns." For more information about how Simpli.fi can enhance your OTT/CTV advertising attribution, please visit https://simpli.fi/display-advertising/ott-ctv/. About Simpli.fi Simpli.fi is the leader in programmatic advertising built for the precision and scale of addressable, mobile, and OTT/CTV advertising. Simpli.fi works with the world's largest buyers of localized advertising, including multi-location brands, agencies, local media groups, networks, and trading desks. With over 130,000 active daily campaigns run by more than 30,000 active advertisers, Simpli.fi's clients are able to deliver performance on high volumes of campaigns and provide deep insights into their dynamic audiences, bringing them one step closer to truly personalized, one-to-one marketing. Connect with Simpli.fi: http://www.simpli.fi http://www.twitter.com/simpli_fi https://www.linkedin.com/company/simpli.fi/ https://www.facebook.com/Simpli.fiLocalizedProgrammatic/ Contact: Katie McGovern SHIFT Communications for Simpli.fi [emailprotected] SOURCE Simpli.fi Related Links http://www.simpli.fi
Answer:
|
Simpli.fi Launches Online Attribution for OTT/CTV Advertising New Capability Enables Advertisers to Measure Online Conversions From OTT/CTV Ads Shown on Televisions and Other Devices
|
FT. WORTH, Texas, March 17, 2020 /PRNewswire/ --Today,Simpli.fi, the leading programmatic platform for addressable, mobile, and OTT/CTV advertising, announced that the company has once again bolstered its OTT/CTV advertising offering with the launch of its new online attribution capability. Advertisers working with Simpli.fi can now directly attribute online browser-based conversions to their OTT/CTV advertising campaigns, including those ads that are served on televisions. This capability is especially applicable to Direct-to-Consumer (DTC) brands and e-Commerce advertisers as it enables them to quickly measure performance and optimize campaigns to meet their performance goals. Building on Simpli.fi's leading OTT/CTV attribution capabilities, online attribution joins Simpli.fi's existing online-to-offline foot traffic functionality. Advertisers can now attribute a Return on Investment (ROI) to their OTT/CTV campaigns by tracking lift in in-store visits, or by tracking online conversions, such as visiting an advertiser's website, completing a form-fill, adding a product to a shopping cart, purchasing a product, and more. These features are enabled by Simpli.fi's cross-device capabilities and mobile attribution technology. In 2019 alone, Simpli.fi executed over 26,000 OTT/CTV campaigns for more than 7,500 unique advertisers, bringing advanced OTT/CTV advertising capabilities to advertisers of all sizes. Simpli.fi's rapid OTT/CTV growth is being driven by powerful audience targeting methods, which include addressable, behavioral, and demographic targeting. With the ability to serve OTT/CTV ads to all eligible U.S. households, Simpli.fi's advanced attribution capabilities bring new measurement and reporting to advertisers looking to understand the effectiveness of their TV advertising, whether it is driving prospects and customers to physical locations or attributing online conversions to their ad buys. "The power of our combined attribution offering of both online and physical in-store attribution gives advertisers an unprecedented understanding of how well their OTT/CTV advertising campaigns are performing," said Frost Prioleau, CEO and Co-founder of Simpli.fi. "The new online conversion attribution is a game-changer for direct-to-consumer brands, e-commerce advertisers, and others who are looking to precisely measure the performance of their OTT/CTV campaigns." For more information about how Simpli.fi can enhance your OTT/CTV advertising attribution, please visit https://simpli.fi/display-advertising/ott-ctv/. About Simpli.fi Simpli.fi is the leader in programmatic advertising built for the precision and scale of addressable, mobile, and OTT/CTV advertising. Simpli.fi works with the world's largest buyers of localized advertising, including multi-location brands, agencies, local media groups, networks, and trading desks. With over 130,000 active daily campaigns run by more than 30,000 active advertisers, Simpli.fi's clients are able to deliver performance on high volumes of campaigns and provide deep insights into their dynamic audiences, bringing them one step closer to truly personalized, one-to-one marketing. Connect with Simpli.fi: http://www.simpli.fi http://www.twitter.com/simpli_fi https://www.linkedin.com/company/simpli.fi/ https://www.facebook.com/Simpli.fiLocalizedProgrammatic/ Contact: Katie McGovern SHIFT Communications for Simpli.fi [emailprotected] SOURCE Simpli.fi Related Links http://www.simpli.fi
|
edtsum3894
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: CRANBURY, N.J.--(BUSINESS WIRE)--HCPLive and The American Journal of Managed Care (AJMC) are pleased to announce the addition of The Metabolic Institute of America (TMIOA) to their Strategic Alliance Partnership (SAP) programs. TMIOA is working extremely hard to combat a very serious health crisis that does not get as much focus as it should, said Mike Hennessy Jr., president and CEO of MJH Life Sciences, the parent company of HCPLive and AJMC. Metabolic disorders such as diabetes and obesity can be detrimental to a persons health and we are proud to team up with TMIOA to get the word out on the severity of these conditions. TMIOA was founded to combat the growing global epidemic of obesity and multiple metabolic disorders. The institute is dedicated to clinical research and the education of diabetes, hypertension, lipid disorders, obesity and other related metabolic disorders to prevent cardiovascular disease and other associated complications. TMIOA strives to advance the understanding and management of metabolic diseases. From December 3-6, TMIOA will be hosting its 18th Annual World Congress on Insulin Resistance, Diabetes & Cardiovascular Disease (WCIRDC), a live-interactive-online continuing medical education (CME) conference. Registration and the on-demand sessions will be free, including 33.5 CME and ABIM-MOC credits. HCPLive and AJMC will be providing conference coverage, including a preconference interview with Yehuda Handelsman, MD, FACP, FNLA, FASPC, MACE, the president, medical director and principal investigator of TMIOA. The HCPLive and AJMC SAP programs are building a community of advocacy groups, medical associations and medical institutions to foster collaboration and an open exchange of information for the ultimate benefit of patients and their families. As part of this joint effort, HCPLive and AJMC will work with TMIOA to share exclusive information and shine a light on the impact of metabolic disorders. For more information about the HCPLive SAP program, click here. For more information about the AJMC SAP program, click here. AboutHCPLive HCPLive is a comprehensive clinical news and information portal that provides physicians and other health care professionals with up-to-date specialty- and disease-specific resources to help them deliver better care to patients. Readers have access to breaking news, video interviews with physician experts, in-depth conference coverage, finance and practice management updates, insights and analysis from physician contributors and other resources. HCPLive is a brand of MJH Life Sciences, the largest privately held, independent, full-service medical media company in North America, dedicated to delivering trusted health care news across multiple channels. AboutThe American Journal of Managed Care The American Journal of Managed Care(AJMC) is a multimedia, peer-reviewed, MEDLINE-indexed journal that keeps industry leaders on the forefront of health policy by sharing digital research relevant to industry decision-makers. Other brands in theAJMCfamily includeThe American Journal of Accountable Care,Evidence-Based Oncology andEvidence-Based Diabetes Management. These comprehensive multimedia brands bring together stakeholder views from payers, providers, policymakers and other industry leaders in managed care. AJMC is a brand of MJH Life Sciences, the largest privately held, independent, full-service medical media company in North America, dedicated to delivering trusted health care news across multiple channels. About The Metabolic Institute of America (TMIOA) The Metabolic Institute of America (TMIOA) was founded by Yehuda Handelsman, MD, FACP, FNLA, FASPC, MACE, in response to the growing global epidemic of obesity, diabetes, multiple metabolic disorders and ASCVD. It is dedicated to education and clinical research of diabetes, obesity, lipid disorders, hypertension and related disorders in order to prevent cardiovascular disease, heart failure and kidney disease. TMIOAs mission is to advance the understanding, prevention and management of metabolic diseases through the development and production of national and international medical conferences and congresses. TMIOA fosters, coordinates, and brings together diverse global experts and medical societies to promote educational initiatives while assisting in the development of multidisciplinary practice recommendations.
Answer:
|
HCPLive Welcomes The Metabolic Institute of America to Its Strategic Alliance Partnership Program
|
CRANBURY, N.J.--(BUSINESS WIRE)--HCPLive and The American Journal of Managed Care (AJMC) are pleased to announce the addition of The Metabolic Institute of America (TMIOA) to their Strategic Alliance Partnership (SAP) programs. TMIOA is working extremely hard to combat a very serious health crisis that does not get as much focus as it should, said Mike Hennessy Jr., president and CEO of MJH Life Sciences, the parent company of HCPLive and AJMC. Metabolic disorders such as diabetes and obesity can be detrimental to a persons health and we are proud to team up with TMIOA to get the word out on the severity of these conditions. TMIOA was founded to combat the growing global epidemic of obesity and multiple metabolic disorders. The institute is dedicated to clinical research and the education of diabetes, hypertension, lipid disorders, obesity and other related metabolic disorders to prevent cardiovascular disease and other associated complications. TMIOA strives to advance the understanding and management of metabolic diseases. From December 3-6, TMIOA will be hosting its 18th Annual World Congress on Insulin Resistance, Diabetes & Cardiovascular Disease (WCIRDC), a live-interactive-online continuing medical education (CME) conference. Registration and the on-demand sessions will be free, including 33.5 CME and ABIM-MOC credits. HCPLive and AJMC will be providing conference coverage, including a preconference interview with Yehuda Handelsman, MD, FACP, FNLA, FASPC, MACE, the president, medical director and principal investigator of TMIOA. The HCPLive and AJMC SAP programs are building a community of advocacy groups, medical associations and medical institutions to foster collaboration and an open exchange of information for the ultimate benefit of patients and their families. As part of this joint effort, HCPLive and AJMC will work with TMIOA to share exclusive information and shine a light on the impact of metabolic disorders. For more information about the HCPLive SAP program, click here. For more information about the AJMC SAP program, click here. AboutHCPLive HCPLive is a comprehensive clinical news and information portal that provides physicians and other health care professionals with up-to-date specialty- and disease-specific resources to help them deliver better care to patients. Readers have access to breaking news, video interviews with physician experts, in-depth conference coverage, finance and practice management updates, insights and analysis from physician contributors and other resources. HCPLive is a brand of MJH Life Sciences, the largest privately held, independent, full-service medical media company in North America, dedicated to delivering trusted health care news across multiple channels. AboutThe American Journal of Managed Care The American Journal of Managed Care(AJMC) is a multimedia, peer-reviewed, MEDLINE-indexed journal that keeps industry leaders on the forefront of health policy by sharing digital research relevant to industry decision-makers. Other brands in theAJMCfamily includeThe American Journal of Accountable Care,Evidence-Based Oncology andEvidence-Based Diabetes Management. These comprehensive multimedia brands bring together stakeholder views from payers, providers, policymakers and other industry leaders in managed care. AJMC is a brand of MJH Life Sciences, the largest privately held, independent, full-service medical media company in North America, dedicated to delivering trusted health care news across multiple channels. About The Metabolic Institute of America (TMIOA) The Metabolic Institute of America (TMIOA) was founded by Yehuda Handelsman, MD, FACP, FNLA, FASPC, MACE, in response to the growing global epidemic of obesity, diabetes, multiple metabolic disorders and ASCVD. It is dedicated to education and clinical research of diabetes, obesity, lipid disorders, hypertension and related disorders in order to prevent cardiovascular disease, heart failure and kidney disease. TMIOAs mission is to advance the understanding, prevention and management of metabolic diseases through the development and production of national and international medical conferences and congresses. TMIOA fosters, coordinates, and brings together diverse global experts and medical societies to promote educational initiatives while assisting in the development of multidisciplinary practice recommendations.
|
edtsum3897
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: CHICAGO, April 12, 2021 /PRNewswire/ --Heidrick & Struggles(Nasdaq: HSII)today announced it will hold its quarterly conference call to discuss 2021 first quarter financial results on Monday, April 26, 2021, at 5:00pm ET. The conference call and accompanying slides will be publicly available via live webcast from the investor relations section of the Heidrick & Struggles website at www.heidrick.com.To listen by phone dial +1-866-211-4120 or +1-647-689-6618, conference ID: 5127357.The webcast will be available for replay at the same address approximately two hours following its conclusion. About Heidrick & StrugglesHeidrick & Struggles (Nasdaq: HSII) is a premier provider of global leadership advisory and on-demand talent solutions, serving the senior-level talent and consulting needs of the world's top organizations. In our role as trusted leadership advisors, we partner with our clients to develop future-ready leaders and organizations, bringing together our services and offerings in executive search, diversity and inclusion, leadership assessment and development, organization and team acceleration, culture shaping and on-demand, independent talent solutions. Heidrick & Struggles pioneered the profession of executive search more than 65 years ago. Today, the firm provides integrated talent and human capital solutions to help our clients change the world, one leadership team at a time. www.heidrick.com H&S Investors & Analysts Contact:Suzanne Rosenberg - Vice President, Investor Relations:1 212 551 0554, [emailprotected] SOURCE Heidrick & Struggles Related Links http://www.heidrick.com
Answer:
|
Heidrick & Struggles To Release 2021 First Quarter Results
|
CHICAGO, April 12, 2021 /PRNewswire/ --Heidrick & Struggles(Nasdaq: HSII)today announced it will hold its quarterly conference call to discuss 2021 first quarter financial results on Monday, April 26, 2021, at 5:00pm ET. The conference call and accompanying slides will be publicly available via live webcast from the investor relations section of the Heidrick & Struggles website at www.heidrick.com.To listen by phone dial +1-866-211-4120 or +1-647-689-6618, conference ID: 5127357.The webcast will be available for replay at the same address approximately two hours following its conclusion. About Heidrick & StrugglesHeidrick & Struggles (Nasdaq: HSII) is a premier provider of global leadership advisory and on-demand talent solutions, serving the senior-level talent and consulting needs of the world's top organizations. In our role as trusted leadership advisors, we partner with our clients to develop future-ready leaders and organizations, bringing together our services and offerings in executive search, diversity and inclusion, leadership assessment and development, organization and team acceleration, culture shaping and on-demand, independent talent solutions. Heidrick & Struggles pioneered the profession of executive search more than 65 years ago. Today, the firm provides integrated talent and human capital solutions to help our clients change the world, one leadership team at a time. www.heidrick.com H&S Investors & Analysts Contact:Suzanne Rosenberg - Vice President, Investor Relations:1 212 551 0554, [emailprotected] SOURCE Heidrick & Struggles Related Links http://www.heidrick.com
|
edtsum3898
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: REDWOOD CITY, Calif.--(BUSINESS WIRE)--AutoGrid, the market leader in AI-powered flexibility management software for the energy industry, today announced that it was awarded $2.25 million in funding from the U.S. Department of Energys Advanced Research Projects Agency-Energy (ARPA-E). The funding will be used to significantly increase the scalability and electric vehicle (EV) management capabilities of AutoGrids award-winning, artificial intelligence-powered Flex Virtual Power Plant (VPP) platform. Asset owners and power providers today face a greater number and diversity of distributed energy resources than ever before, and optimizing them requires flexible solutions that can handle increasingly complex networks, said Rahul Kar, General Manager and VP - New Energy for AutoGrid. The Department of Energys award serves as pivotal support of our Flex platform, and will help further our work boosting flexibility and maximizing value streams from storage, renewables, electric vehicles, and other distributed assets. The expanded Flex capabilities include scaling real-time co-optimization up to 100,000 assets, and expanding the platforms features and functionality for EV fleet management. AutoGrid is currently supporting the buildout of the worlds largest VPP by asset volume in Japan with local partner ENERES, and offers its Flex platform for EV fleet owners and power providers to manage networks of charging stations. AutoGrid received this competitive award from ARPA-Es Seeding Critical Advances for Leading Energy technologies with Untapped Potential (SCALEUP) program, building on ARPA-Es primary focus of supporting the scaling of transformational and disruptive technologies across the full spectrum of energy applications. This is the second time AutoGrid has received ARPA-E support, having previously been awarded $3.5 million by the offices Green Electricity Network Integration (GENI) program in 2012. With over 5,000 MW of assets under contract, and experience of managing distributed energy resources (DERs) in 12 countries, AutoGrid is the leading provider of flexibility management solutions globally. AutoGrid Flex is ranked as the #1 Virtual Power Plant Platform in the world according to the 2020 global ranking published by industry-leading research firm Guidehouse Insights. About AutoGrid: AutoGrid builds AI-powered software solutions that enable a smarter energy world. The companys suite of flexibility management applications allows utilities, electricity retailers, renewable energy project developers and energy service providers to deliver clean, affordable and reliable energy by managing networked distributed energy resources (DERs) in real time, at scale through different value streams. AutoGrids flagship application, AutoGrid Flex, is ranked as the #1 Virtual Power Plant Platform in the world according to the global ranking published in 2020 by industry-leading research and analysis firm Guidehouse (formerly, Navigant Research).
Answer:
|
AutoGrid Awarded $2.25 Million from ARPA-E for Expanding VPP Co-Optimization and Electric Vehicle Management Capabilities DOE funding recognizes Flex as a transformational technology for grid modernization efforts
|
REDWOOD CITY, Calif.--(BUSINESS WIRE)--AutoGrid, the market leader in AI-powered flexibility management software for the energy industry, today announced that it was awarded $2.25 million in funding from the U.S. Department of Energys Advanced Research Projects Agency-Energy (ARPA-E). The funding will be used to significantly increase the scalability and electric vehicle (EV) management capabilities of AutoGrids award-winning, artificial intelligence-powered Flex Virtual Power Plant (VPP) platform. Asset owners and power providers today face a greater number and diversity of distributed energy resources than ever before, and optimizing them requires flexible solutions that can handle increasingly complex networks, said Rahul Kar, General Manager and VP - New Energy for AutoGrid. The Department of Energys award serves as pivotal support of our Flex platform, and will help further our work boosting flexibility and maximizing value streams from storage, renewables, electric vehicles, and other distributed assets. The expanded Flex capabilities include scaling real-time co-optimization up to 100,000 assets, and expanding the platforms features and functionality for EV fleet management. AutoGrid is currently supporting the buildout of the worlds largest VPP by asset volume in Japan with local partner ENERES, and offers its Flex platform for EV fleet owners and power providers to manage networks of charging stations. AutoGrid received this competitive award from ARPA-Es Seeding Critical Advances for Leading Energy technologies with Untapped Potential (SCALEUP) program, building on ARPA-Es primary focus of supporting the scaling of transformational and disruptive technologies across the full spectrum of energy applications. This is the second time AutoGrid has received ARPA-E support, having previously been awarded $3.5 million by the offices Green Electricity Network Integration (GENI) program in 2012. With over 5,000 MW of assets under contract, and experience of managing distributed energy resources (DERs) in 12 countries, AutoGrid is the leading provider of flexibility management solutions globally. AutoGrid Flex is ranked as the #1 Virtual Power Plant Platform in the world according to the 2020 global ranking published by industry-leading research firm Guidehouse Insights. About AutoGrid: AutoGrid builds AI-powered software solutions that enable a smarter energy world. The companys suite of flexibility management applications allows utilities, electricity retailers, renewable energy project developers and energy service providers to deliver clean, affordable and reliable energy by managing networked distributed energy resources (DERs) in real time, at scale through different value streams. AutoGrids flagship application, AutoGrid Flex, is ranked as the #1 Virtual Power Plant Platform in the world according to the global ranking published in 2020 by industry-leading research and analysis firm Guidehouse (formerly, Navigant Research).
|
edtsum3904
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: AMSTERDAM, Jan. 15, 2021 /PRNewswire/ -- VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announces the appointment of Leonid Boguslavsky to the Group's Board of Directors. Mr. Boguslavsky joins following the departure Mr. de Beer, who stepped down in December 2020 Mr.Boguslavsky isthe founder of RTP Global,an early-stage venture capital firm with a strong track record of investing in technology, and is considereda pioneer of IT and internet tech investment. As an investor, he is involved with some of the world's mostsuccessful companies, including Yandex, Ozon, Delivery Hero, RingCentral,EPAMand Datadog among many others. Prior to becoming a venture capitalist, Mr. Boguslavsky was a managing partner of PwC Management Consulting Services. In the early 1990s, he built one of Russia's largest IT solutions integrators.Mr.Boguslavskyis alsoanIndependent Director oftheSberbank PJSCSupervisory Board,the largest bank in Russia, Central and Eastern Europe. Commenting on the appointment, Gennady Gazin, Chairman of the VEON Board, said: "I would like to welcome Leonid to the Board of Directors. He brings an outstanding set of skills and experience, further positioning VEON in strengthening its digital proposition to empower customers." About VEONVEON is a NASDAQ and Euronext Amsterdam-listed global provider of connectivity and internet services. For more information visit:www.veon.com. DisclaimerThis press release contains "forward-looking statements", as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts, and include statements relating to, among other things, expectations regarding management plans and the ability to successfully execute operating model, governance and development plans. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events. Furthermore, elements of this release contain or may contain, "inside information" as defined under the Market Abuse Regulation (EU) No. 596/2014 Contact InformationVEONInvestor RelationsNik Kershaw[emailprotected]Tel: +31-20-79-77-200 SOURCE VEON Ltd Related Links http://www.veon.com
Answer:
|
VEON appoints Leonid Boguslavsky as director
|
AMSTERDAM, Jan. 15, 2021 /PRNewswire/ -- VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announces the appointment of Leonid Boguslavsky to the Group's Board of Directors. Mr. Boguslavsky joins following the departure Mr. de Beer, who stepped down in December 2020 Mr.Boguslavsky isthe founder of RTP Global,an early-stage venture capital firm with a strong track record of investing in technology, and is considereda pioneer of IT and internet tech investment. As an investor, he is involved with some of the world's mostsuccessful companies, including Yandex, Ozon, Delivery Hero, RingCentral,EPAMand Datadog among many others. Prior to becoming a venture capitalist, Mr. Boguslavsky was a managing partner of PwC Management Consulting Services. In the early 1990s, he built one of Russia's largest IT solutions integrators.Mr.Boguslavskyis alsoanIndependent Director oftheSberbank PJSCSupervisory Board,the largest bank in Russia, Central and Eastern Europe. Commenting on the appointment, Gennady Gazin, Chairman of the VEON Board, said: "I would like to welcome Leonid to the Board of Directors. He brings an outstanding set of skills and experience, further positioning VEON in strengthening its digital proposition to empower customers." About VEONVEON is a NASDAQ and Euronext Amsterdam-listed global provider of connectivity and internet services. For more information visit:www.veon.com. DisclaimerThis press release contains "forward-looking statements", as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts, and include statements relating to, among other things, expectations regarding management plans and the ability to successfully execute operating model, governance and development plans. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events. Furthermore, elements of this release contain or may contain, "inside information" as defined under the Market Abuse Regulation (EU) No. 596/2014 Contact InformationVEONInvestor RelationsNik Kershaw[emailprotected]Tel: +31-20-79-77-200 SOURCE VEON Ltd Related Links http://www.veon.com
|
edtsum3908
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: VANCOUVER, BC, Feb. 1, 2021 /PRNewswire/ -TAAL Distributed Information Technologies Inc. (CSE: TAAL) (FWB: 9SQ1) (OTC: TAALF) ("TAAL" or the "Company") a vertically integrated, blockchain infrastructure and service provider for enterprise, today announced the appointment, effective February 1, 2021, of David Allen, CPA, CA as Chief Financial Officer. This appointment sees Mr. Allen transition from Senior Financial Consultant to the Company to Chief Financial Officer. "We are thrilled to welcome a person of David's calibre and experience to our leadership team," said Stefan Matthews, TAAL CEO and Executive Chairman. "In a highly accomplished career David has demonstrated strong financial and leadership skills in key positions at a number of exceptional growth companies. We look forward to working with him as we accelerate our growth at TAAL." David Allen is a senior finance executive and business leader with over 30 years of experience, including financial and operational leadership in Fortune 250 Canadian companies. His experience ranges from start-ups to public companies in a number of industries including the direct-to-consumer, manufacturing, alternative energy, shipping, real estate, and natural resources. Instrumental in financial management, operational controllership and business transformation, David was most recently the VP, Corporate Controller and VP, ERP Projects from 2014-2019 for the fast growing Canadian outerwear brand Canada Goose Inc., including through its transition to a publicly traded company with global revenues at the time in excess of $800 million. About TAAL Distributed Information Technologies Inc.TAAL Distributed Information Technologies Inc. delivers value-added blockchain services, providing professional-grade, highly scalable blockchain infrastructure and transactional platforms to support businesses building solutions and applications upon the Bitcoin Satoshi Vision ("Bitcoin SV") platform, and developing, operating, and managing distributed computing systems for enterprise users. Visit TAAL online at www.taal.com The CSE, nor its Regulation Services Provider, accepts no responsibility for the adequacy or accuracy of this release. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATIONCertain statements included in this news release constitute "forward-looking information" as defined under applicable Canadian securities legislation. The words "will", "intends", "expects" and similar expressions are intended to identify forward-looking information, although not all forward-looking information will contain these identifying words. Specific forward-looking information contained in this news release includes but is not limited to statements regarding: TAAL's growth and business strategies. These statements are based on factors and assumptions related to historical trends, current conditions and expected future developments. Since forward-looking information relates to future events and conditions, by its very nature it requires making assumptions and involves inherent risks and uncertainties. TAAL cautions that although it is believed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from expectations. Material risk factors include the future acceptance of Bitcoin SV and other digital assets and risks related to information processing using those platforms, the ability for TAAL to leverage intellectual property into viable income streams and other risks set out in Item 20 Risk Factors of TAAL's Form 2A Listing Statement dated July 31, 2018 and elsewhere in TAAL's continuous disclosure filings available on SEDAR at www.sedar.com. Given these risks, undue reliance should not be placed on the forward-looking information contained herein. Other than as required by law, TAAL undertakes no obligation to update any forward-looking information to reflect new information, subsequent or otherwise. SOURCE Taal Distributed Information Technologies Inc. Related Links https://www.taal.com
Answer:
|
TAAL Appoints David Allen, CPA, CA as Chief Financial Officer
|
VANCOUVER, BC, Feb. 1, 2021 /PRNewswire/ -TAAL Distributed Information Technologies Inc. (CSE: TAAL) (FWB: 9SQ1) (OTC: TAALF) ("TAAL" or the "Company") a vertically integrated, blockchain infrastructure and service provider for enterprise, today announced the appointment, effective February 1, 2021, of David Allen, CPA, CA as Chief Financial Officer. This appointment sees Mr. Allen transition from Senior Financial Consultant to the Company to Chief Financial Officer. "We are thrilled to welcome a person of David's calibre and experience to our leadership team," said Stefan Matthews, TAAL CEO and Executive Chairman. "In a highly accomplished career David has demonstrated strong financial and leadership skills in key positions at a number of exceptional growth companies. We look forward to working with him as we accelerate our growth at TAAL." David Allen is a senior finance executive and business leader with over 30 years of experience, including financial and operational leadership in Fortune 250 Canadian companies. His experience ranges from start-ups to public companies in a number of industries including the direct-to-consumer, manufacturing, alternative energy, shipping, real estate, and natural resources. Instrumental in financial management, operational controllership and business transformation, David was most recently the VP, Corporate Controller and VP, ERP Projects from 2014-2019 for the fast growing Canadian outerwear brand Canada Goose Inc., including through its transition to a publicly traded company with global revenues at the time in excess of $800 million. About TAAL Distributed Information Technologies Inc.TAAL Distributed Information Technologies Inc. delivers value-added blockchain services, providing professional-grade, highly scalable blockchain infrastructure and transactional platforms to support businesses building solutions and applications upon the Bitcoin Satoshi Vision ("Bitcoin SV") platform, and developing, operating, and managing distributed computing systems for enterprise users. Visit TAAL online at www.taal.com The CSE, nor its Regulation Services Provider, accepts no responsibility for the adequacy or accuracy of this release. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATIONCertain statements included in this news release constitute "forward-looking information" as defined under applicable Canadian securities legislation. The words "will", "intends", "expects" and similar expressions are intended to identify forward-looking information, although not all forward-looking information will contain these identifying words. Specific forward-looking information contained in this news release includes but is not limited to statements regarding: TAAL's growth and business strategies. These statements are based on factors and assumptions related to historical trends, current conditions and expected future developments. Since forward-looking information relates to future events and conditions, by its very nature it requires making assumptions and involves inherent risks and uncertainties. TAAL cautions that although it is believed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from expectations. Material risk factors include the future acceptance of Bitcoin SV and other digital assets and risks related to information processing using those platforms, the ability for TAAL to leverage intellectual property into viable income streams and other risks set out in Item 20 Risk Factors of TAAL's Form 2A Listing Statement dated July 31, 2018 and elsewhere in TAAL's continuous disclosure filings available on SEDAR at www.sedar.com. Given these risks, undue reliance should not be placed on the forward-looking information contained herein. Other than as required by law, TAAL undertakes no obligation to update any forward-looking information to reflect new information, subsequent or otherwise. SOURCE Taal Distributed Information Technologies Inc. Related Links https://www.taal.com
|
edtsum3912
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, Oct. 7, 2020 /PRNewswire/ --The U.S. Department of State just announced it has resumed expedited passport services. But do not misunderstand. At this point, expedited services only guarantee passport processing in four to six weeks. Anything faster than that, and you'll need a life or death emergency to get a passport or renewal processed within a matter of days. Many are anxious to travel and bookings are up to destinations in the Caribbean and Mexico, which are presently open to American travelers. But you'll need a current passport to travel outside of the United States. To help the wanderers among us, passport and travel expert David Alwadish, founder of The ItsEasy Passport App, shares the six most common mistakes travelers make when renewing their passports. Avoid these common mistakes, which can cost you hundreds of dollars when renewing your passport. Tweet this Waiting too long to begin the renewal process Paying for poor quality passport photos Disrespecting the signature Skating on shipping Not adding a passport card Overpaying for third-party services Waiting too long to begin the renewal processDespite news of resuming four to six week expedited services, the Department of State is still working through a backlog of hundreds of thousands of passports. Beginning the renewal process early will not only give you peace of mind and ensure you have documents in hand, but will also save you the $60 government fee the Department of State charges for expedited services. It is crucial you begin the renewal process at least 12 weeks before your scheduled departure date.A little-known rule, a U.S. passport must be valid for at least six months beyond a traveler's scheduled return date to the United States to be valid for departure. One of the most common reasons travelers are turned away at the airport and left behind is because they are still not aware of this strict travel rule. Make it easy on yourself and download the free ItsEasy Passport App to set complementary reminder notifications and keep track of just one passport or the entire family's.Paying for poor quality passport photosSubmitting an inferior photo is the number one reason passport applications are rejected. Not all photos are accepted, even if you pay to have them taken at a drugstore or post office. The ItsEasy Passport App allows you to take photos from the safety of your own home, right from your device. The app provides tips for taking a good photo at home and the ItsEasy staff scrutinizes every photo before it is submitted and they are always included as complimentary with each renewal order.Disrespecting the signatureThe signature on your passport is critical in nature and should be taken seriously. Passport applications are often rejected for using initials, computer generated signatures or sloppy marks in the signature line. The Department of State prefers to see a full signature of your first and last name. If your signature has changed dramatically over the years or if you are no longer able to sign your name as you once did, you should consider submitting proof of a similar mark found on another official document and include it with your application along with a signed note of explanation. ItsEasy staff checks every application for perfect entries.Skating on shippingDo not make the mistake of skimping on shipping when you put passport documents in the mail. Be sure to get a shipping label and receipt that allows you to track the package. This recommendation is even stated directly on the passport application. Using the ItsEasy Passport app to renew your passport includes prepaid trackable shipping labels for sending and receiving.Not adding the passport card to your renewal applicationFor just a $30 government fee, travelers can add a REAL-ID Passport Card to their application, which can be used in lieu of the traditional passport book when traveling to Mexico and Canada by car, to the Caribbean by boat or a standard driver's license when traveling domestically. The Passport Card is valid for 10 years, is the size of a standard credit card and it does not display your address, protecting your privacy while traveling. The passport card is also REAL-ID compliant, and all travelers will be required to have a REAL-ID to fly domestically beginning October 2021. It is the best $30 you will spend.Overpaying for third-party servicesTraveler Beware! This mistake can cost you hundreds of dollars. Many third-party services charge more than $250 in additional fees just to help process a standard passport renewal. If you have a life and death emergency or need to renew your passport immediately, those fees soar to $399, none of which include government fees. Many of these services also include policies that do not allow cancellation once you realized you're overpaying.The five-star rated ItsEasy Passport App provides photos, trackable shipping and complementary full review of all documents for just $34.95. The all-inclusive app is the safest, convenient and most affordable way to renew your passport and prepare for upcoming travel."After 40 plus years in this business, I know the Passport & Visa industry inside and out and there is absolutely nothing during this pandemic, except greed, that could justify charging a consumer fee of $271.95 (without photos) for the same service I offer on my Covid-Safe, ItsEasy App for just $34.95, which includes photos safely taken at home."Currently, given the severe worldwide impact of the Covid-19 Virus, the Department of State is appropriately assisting only those applicants with serious life & death emergencies. At Alwadish's direction, ItsEasy Customer Service Representatives are available live and answering phones 24/7, to volunteer the company's services to assist applicants in emotional stress and in need of an emergency passport. Other companies are charging $399 for emergency services.Download the free ItsEasy Passport App on iOSor Androidto get started today.About ItsEasyItsEasyhas been a trusted agent of the US Department of State since 1976, authorized to provide US passport services to the public for a fee. It is the safest and most cost-effective way to renew your passport from home.ItsEasy has helped millions of travelers over the last 40 years. The company's mission: "No Passenger Left Behind", coupled with its unsurpassed customer service and honest and fair pricing set ItsEasy apart. Founder David Alwadish is so passionate about helping people travel safely, he has been volunteering his services for free to those who must travel during the pandemic for a life and death emergency. Plan ahead. Renew early. Avoid the lines. Stay safe. Save time and money.SOURCE ItsEasy Passport App Related Links https://www.itseasy.com/
Answer:
|
Six Common Mistakes Travelers Make When Renewing Their Passports
|
NEW YORK, Oct. 7, 2020 /PRNewswire/ --The U.S. Department of State just announced it has resumed expedited passport services. But do not misunderstand. At this point, expedited services only guarantee passport processing in four to six weeks. Anything faster than that, and you'll need a life or death emergency to get a passport or renewal processed within a matter of days. Many are anxious to travel and bookings are up to destinations in the Caribbean and Mexico, which are presently open to American travelers. But you'll need a current passport to travel outside of the United States. To help the wanderers among us, passport and travel expert David Alwadish, founder of The ItsEasy Passport App, shares the six most common mistakes travelers make when renewing their passports. Avoid these common mistakes, which can cost you hundreds of dollars when renewing your passport. Tweet this Waiting too long to begin the renewal process Paying for poor quality passport photos Disrespecting the signature Skating on shipping Not adding a passport card Overpaying for third-party services Waiting too long to begin the renewal processDespite news of resuming four to six week expedited services, the Department of State is still working through a backlog of hundreds of thousands of passports. Beginning the renewal process early will not only give you peace of mind and ensure you have documents in hand, but will also save you the $60 government fee the Department of State charges for expedited services. It is crucial you begin the renewal process at least 12 weeks before your scheduled departure date.A little-known rule, a U.S. passport must be valid for at least six months beyond a traveler's scheduled return date to the United States to be valid for departure. One of the most common reasons travelers are turned away at the airport and left behind is because they are still not aware of this strict travel rule. Make it easy on yourself and download the free ItsEasy Passport App to set complementary reminder notifications and keep track of just one passport or the entire family's.Paying for poor quality passport photosSubmitting an inferior photo is the number one reason passport applications are rejected. Not all photos are accepted, even if you pay to have them taken at a drugstore or post office. The ItsEasy Passport App allows you to take photos from the safety of your own home, right from your device. The app provides tips for taking a good photo at home and the ItsEasy staff scrutinizes every photo before it is submitted and they are always included as complimentary with each renewal order.Disrespecting the signatureThe signature on your passport is critical in nature and should be taken seriously. Passport applications are often rejected for using initials, computer generated signatures or sloppy marks in the signature line. The Department of State prefers to see a full signature of your first and last name. If your signature has changed dramatically over the years or if you are no longer able to sign your name as you once did, you should consider submitting proof of a similar mark found on another official document and include it with your application along with a signed note of explanation. ItsEasy staff checks every application for perfect entries.Skating on shippingDo not make the mistake of skimping on shipping when you put passport documents in the mail. Be sure to get a shipping label and receipt that allows you to track the package. This recommendation is even stated directly on the passport application. Using the ItsEasy Passport app to renew your passport includes prepaid trackable shipping labels for sending and receiving.Not adding the passport card to your renewal applicationFor just a $30 government fee, travelers can add a REAL-ID Passport Card to their application, which can be used in lieu of the traditional passport book when traveling to Mexico and Canada by car, to the Caribbean by boat or a standard driver's license when traveling domestically. The Passport Card is valid for 10 years, is the size of a standard credit card and it does not display your address, protecting your privacy while traveling. The passport card is also REAL-ID compliant, and all travelers will be required to have a REAL-ID to fly domestically beginning October 2021. It is the best $30 you will spend.Overpaying for third-party servicesTraveler Beware! This mistake can cost you hundreds of dollars. Many third-party services charge more than $250 in additional fees just to help process a standard passport renewal. If you have a life and death emergency or need to renew your passport immediately, those fees soar to $399, none of which include government fees. Many of these services also include policies that do not allow cancellation once you realized you're overpaying.The five-star rated ItsEasy Passport App provides photos, trackable shipping and complementary full review of all documents for just $34.95. The all-inclusive app is the safest, convenient and most affordable way to renew your passport and prepare for upcoming travel."After 40 plus years in this business, I know the Passport & Visa industry inside and out and there is absolutely nothing during this pandemic, except greed, that could justify charging a consumer fee of $271.95 (without photos) for the same service I offer on my Covid-Safe, ItsEasy App for just $34.95, which includes photos safely taken at home."Currently, given the severe worldwide impact of the Covid-19 Virus, the Department of State is appropriately assisting only those applicants with serious life & death emergencies. At Alwadish's direction, ItsEasy Customer Service Representatives are available live and answering phones 24/7, to volunteer the company's services to assist applicants in emotional stress and in need of an emergency passport. Other companies are charging $399 for emergency services.Download the free ItsEasy Passport App on iOSor Androidto get started today.About ItsEasyItsEasyhas been a trusted agent of the US Department of State since 1976, authorized to provide US passport services to the public for a fee. It is the safest and most cost-effective way to renew your passport from home.ItsEasy has helped millions of travelers over the last 40 years. The company's mission: "No Passenger Left Behind", coupled with its unsurpassed customer service and honest and fair pricing set ItsEasy apart. Founder David Alwadish is so passionate about helping people travel safely, he has been volunteering his services for free to those who must travel during the pandemic for a life and death emergency. Plan ahead. Renew early. Avoid the lines. Stay safe. Save time and money.SOURCE ItsEasy Passport App Related Links https://www.itseasy.com/
|
edtsum3914
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: DUBLIN, April 27, 2020 /PRNewswire/ -- The "Ultra-high Temperature Milk Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2025" report has been added to ResearchAndMarkets.com's offering. The report on the global ultra-high temperature milk market provides qualitative and quantitative analysis for the period from 2017 to 2025. The study provides an analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2017 to 2025. The porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for new entrants in the global ultra-high temperature milk market over the period of 2017 to 2025. The global ultra-high temperature milk market is segmented on the basis of product, milk fat content, distribution channel.The Global Ultra-high Temperature Milk Market by Product Flavored Unflavored The Global Ultra-high Temperature Milk Market by Milk Fat Content Whole Semi Skimmed Skimmed The Global Ultra-high Temperature Milk Market by Distribution Channel Supermarkets and Hypermarket Convenience Stores Specialist Retailers Online Retailers The companies covered in the report include Amcor Ltd. Albea S.A. First Milk Ardagh Group S.A. Bemis Company, Inc. Mondi plc Koa Glass Co. Ltd. Bormioli Rocco Spa MeadWestvaco Corp. Mother Dairy Fruit & Vegetable Pvt Ltd What does this report deliver? Comprehensive analysis of the global as well as regional markets of the ultra-high temperature milk market. Complete coverage of all the segments in the ultra-high temperature milk market to analyze the trends, developments in the global market and forecast of market size up to 2025. Comprehensive analysis of the companies operating in the global ultra-high temperature milk market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify. Key Topics Covered: 1. Preface2. Executive Summary2.1. Ultra-high Temperature Milk Market Highlights2.2. Ultra-high Temperature Milk Market Projection2.3. Ultra-high Temperature Milk Market Regional Highlights3. Global Ultra-high Temperature Milk Market Overview3.1. Introduction3.2. Market Dynamics3.3. Porter's Five Forces Analysis3.4. Growth Matrix Analysis3.5. Value Chain Analysis of Ultra-high Temperature Milk Market4. Ultra-high Temperature Milk Market Macro Indicator Analysis5. Global Ultra-high Temperature Milk Market by Product5.1. Flavored5.2. Unflavored6. Global Ultra-high Temperature Milk Market by Milk Fat Content6.1. Whole6.2. Semi Skimmed6.3. Skimmed7. Global Ultra-high Temperature Milk Market by Distribution channel7.1. Supermarkets and Hypermarket7.2. Convenience Stores7.3. Specialist Retailers7.4. Online Retailers8. Global Ultra-high Temperature Milk Market by Region 2019-20258.1. North America 8.2. Europe 8.3. Asia-Pacific 8.4. RoW 9. Company Profiles and Competitive Landscape9.1. Competitive Landscape in the Global Ultra-high Temperature Milk Market9.2. Companies Profiled10. Appendix For more information about this report visit https://www.researchandmarkets.com/r/bfxtnr About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com
Answer:
|
World Market for Ultra-high Temperature Milk - Company Profiles of Amcor, First Milk and Mondi
|
DUBLIN, April 27, 2020 /PRNewswire/ -- The "Ultra-high Temperature Milk Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2025" report has been added to ResearchAndMarkets.com's offering. The report on the global ultra-high temperature milk market provides qualitative and quantitative analysis for the period from 2017 to 2025. The study provides an analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2017 to 2025. The porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for new entrants in the global ultra-high temperature milk market over the period of 2017 to 2025. The global ultra-high temperature milk market is segmented on the basis of product, milk fat content, distribution channel.The Global Ultra-high Temperature Milk Market by Product Flavored Unflavored The Global Ultra-high Temperature Milk Market by Milk Fat Content Whole Semi Skimmed Skimmed The Global Ultra-high Temperature Milk Market by Distribution Channel Supermarkets and Hypermarket Convenience Stores Specialist Retailers Online Retailers The companies covered in the report include Amcor Ltd. Albea S.A. First Milk Ardagh Group S.A. Bemis Company, Inc. Mondi plc Koa Glass Co. Ltd. Bormioli Rocco Spa MeadWestvaco Corp. Mother Dairy Fruit & Vegetable Pvt Ltd What does this report deliver? Comprehensive analysis of the global as well as regional markets of the ultra-high temperature milk market. Complete coverage of all the segments in the ultra-high temperature milk market to analyze the trends, developments in the global market and forecast of market size up to 2025. Comprehensive analysis of the companies operating in the global ultra-high temperature milk market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify. Key Topics Covered: 1. Preface2. Executive Summary2.1. Ultra-high Temperature Milk Market Highlights2.2. Ultra-high Temperature Milk Market Projection2.3. Ultra-high Temperature Milk Market Regional Highlights3. Global Ultra-high Temperature Milk Market Overview3.1. Introduction3.2. Market Dynamics3.3. Porter's Five Forces Analysis3.4. Growth Matrix Analysis3.5. Value Chain Analysis of Ultra-high Temperature Milk Market4. Ultra-high Temperature Milk Market Macro Indicator Analysis5. Global Ultra-high Temperature Milk Market by Product5.1. Flavored5.2. Unflavored6. Global Ultra-high Temperature Milk Market by Milk Fat Content6.1. Whole6.2. Semi Skimmed6.3. Skimmed7. Global Ultra-high Temperature Milk Market by Distribution channel7.1. Supermarkets and Hypermarket7.2. Convenience Stores7.3. Specialist Retailers7.4. Online Retailers8. Global Ultra-high Temperature Milk Market by Region 2019-20258.1. North America 8.2. Europe 8.3. Asia-Pacific 8.4. RoW 9. Company Profiles and Competitive Landscape9.1. Competitive Landscape in the Global Ultra-high Temperature Milk Market9.2. Companies Profiled10. Appendix For more information about this report visit https://www.researchandmarkets.com/r/bfxtnr About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com
|
edtsum3915
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW ORLEANS, Feb. 24, 2021 /PRNewswire/ --Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed merger of ADOMANI, Inc. (OTCQB: ADOM) ("the Company") with Envirotech Drive Systems, Inc., pursuant to which stockholders of Envirotech will hold approximately 56% of the total outstanding shares of common stock of ADOMANI. KSF is seeking to determine whether the merger and the process that led to it are adequate, or whether the merger undervalues the Company. If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ([emailprotected]) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/otc-adom/ to learn more. To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com. Kahn Swick & Foti, LLC1100 Poydras St., Suite 3200New Orleans, LA 70163 SOURCE Kahn Swick & Foti, LLC Related Links http://www.ksfcounsel.com
Answer:
|
ADOMANI INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Merger of ADOMANI, Inc. - ADOM
|
NEW ORLEANS, Feb. 24, 2021 /PRNewswire/ --Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed merger of ADOMANI, Inc. (OTCQB: ADOM) ("the Company") with Envirotech Drive Systems, Inc., pursuant to which stockholders of Envirotech will hold approximately 56% of the total outstanding shares of common stock of ADOMANI. KSF is seeking to determine whether the merger and the process that led to it are adequate, or whether the merger undervalues the Company. If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ([emailprotected]) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/otc-adom/ to learn more. To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com. Kahn Swick & Foti, LLC1100 Poydras St., Suite 3200New Orleans, LA 70163 SOURCE Kahn Swick & Foti, LLC Related Links http://www.ksfcounsel.com
|
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.