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America's Warrior Partnership's new study reveals at least 44 former service members take their own life each day by suicide or overdose
AUGUSTA, Ga., Sept. 17, 2022 /PRNewswire/ -- Today, America's Warrior Partnership (AWP) released an interim summary report from the multi-year study Operation Deep Dive™ (OpDD). The report was created to develop a profile of former service members (FSM) most at risk for suicide, as well as inform the development of impactful suicide prevention strategies at the local, state and national levels. Researchers gathered state-provided death records and coordinated with the Department of Defense (DoD) to corroborate military affiliation and identify commonalities of the person, military service, and cause of death.
The research uncovered disparities between the state and federal data, finding that, across the eight states that participated in the study, the actual suicide rate was much higher, at 1.37 times the rate officially reported by the U.S. Department of Veterans Affairs (VA). Approximately 24 FSMs between the ages of 18 and 64 die each day by suicide (as determined by coroner or medical examiner) instead of the 17 veterans per day reported by the VA.
Additionally, Operation Deep Dive™ found that the VA has not been accounting for Self-Injury Mortality (SIM), which are attributed predominately to overdose deaths. Separate of suicide, the rate of SIM among former service members is at least 20 per day. SIM is defined by accidents or undetermined deaths that are closely aligned with self-harm/suicidal behavior.
When suicide and SIM are combined, this brings the true rate of deaths among former servicemembers to at least 44 per day, or 2.4 times the rate the VA reports. The difference in the data is likely due to undercounting of FSM's deaths and the greater specificity of the decedent's demographics, military experience, and death details available to OpDD™.
"If we are going to make progress toward preventing former service member suicide, we need better data," said Jim Lorraine, President and CEO of AWP. "Inaccurate data leads to a misallocation of very valuable resources. Operation Deep Dive™ is designed to address this. The study results can help fix issues surrounding the one-size-fits-all approach, instead enabling a holistic solution that begins at the community level and addresses concerns around housing, employment, financial security, relationships, purpose, physical health, and mental well-being."
Other key findings of OpDD™ include:
- FSMs deaths were miscounted at a combined error rate of 25%, including 18% of FSMs not being recognized as FSMs.
- Every year served in the military equates to a 2% reduction in the probability of a FSM taking their own life.
- Those who served in the military less than 3 years had the greatest risk of suicide/SIM.
- Living with a partner decreased the odds of suicide by nearly 40%.
- Receiving a demotion during military service increases the odds of dying by suicide/SIM by 56%.
- Coast Guard FSMs were most likely to die from suicide, followed by Marine Corps, Army, Navy, and then Air Force FSMs respectively.
"We started Operation Deep Dive™ to end veteran's suicide by using data to develop an effective and targeted veteran suicide prevention strategy," said Cheree Tham, Chief of Programs and Initiatives at AWP. "By merging identified state death records with military service data and incorporating other individualized sources such as VA health care and benefits numbers, we can develop better tools and methods to prevent these heartbreaking incidents that shatter lives and communities."
America's Warrior Partnership contracted with the University of Alabama and partnered with Duke University to gather data from eight states: Alabama, Florida, Maine, Massachusetts, Michigan, Minnesota, Montana, and Oregon. This was measured against data available through the Department of Defense. Moving forward, Operation Deep Dive's™ research partner is Duke University.
The purpose of the study was to inform community suicide prevention programs that focus on veterans to determine who has the highest probability of taking their life by suicide or overdose.
The study was funded by Bristol Myers Squibb Foundation.
Former Service Member - Former Service Member encompasses everyone who served in the Active, National Guard, or Reserve forces but may not be eligible for US Department of Veterans Affairs services.
The interim summary report from Operation Deep Dive™ can be read in its entirety here: https://www.americaswarriorpartnership.org/deep-dive
America's Warrior Partnership is committed to partnering with communities to prevent veteran suicide. We fill the gaps between veteran service organizations by helping nonprofits connect with veterans, their families, and caregivers. Our programs bolster nonprofit efficacy, improving their results, and empowering their initiatives. Our ultimate goal is to increase the quality of veterans' lives, thus helping to end veteran suicide. https://www.americaswarriorpartnership.org
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SOURCE America’s Warrior Partnership | https://www.kxii.com/prnewswire/2022/09/17/landmark-study-finds-that-former-service-members-take-their-lives-rate-24-times-higher-than-official-va-reports/ | 2022-09-18T00:53:23Z |
ST. PAUL, Minn., April 26, 2022 /PRNewswire/ -- 3M (NYSE: MMM) today reported first-quarter 2022 results.
"In a challenging global environment, 3M delivered a strong start to 2022 with solid growth, operating margins, and robust cash generation," said 3M chairman and chief executive officer Mike Roman. "In response to feedback from our shareholders and to provide additional clarity on the strength of our underlying business performance, starting in the first quarter we are reporting adjusted earnings to exclude costs for significant litigation. These included, as we communicated on March 30th, the announced additional investment related to Zwijndrecht, which resulted in a 26-cent charge, along with costs related to other significant litigation of 13-cents in the first quarter. Excluding the Zwijndrecht investment our financial outlook for 2022 remains unchanged.
"We continue to prioritize actions to better serve our customers while managing supply chain and inflationary challenges," Roman continued. "Our balance sheet remains strong and we continued to invest in capital expenditures and R&D to support long-term growth and advance our sustainability commitments, while also returning significant cash to shareholders. Looking ahead, our teams will continue to focus on improving our operational performance and delivering value for our customers and shareholders."
First-Quarter Highlights:
- Sales of $8.8 billion, down 0.3 percent year-on-year, which included organic sales growth of 2 percent year-on-year.
- GAAP earnings per share were $2.26, down 18 percent year-on-year. Adjusted earnings per share were $2.65, down 10 percent year-on-year.
- Operating cash flow was $1.0 billion, down 40 percent year-on-year, while adjusted free cash flow was $0.7 billion, down 50 percent year-on-year.
- 3M returned $1.6 billion to shareholders via dividends and gross share repurchases, up 49 percent year-on-year.
Company Updates Non-GAAP Measures
As provided in 3M's Form 8-K dated April 26, 2022, effective in the first quarter of 2022, 3M made further changes to its measure of segment operating performance (updating the Form 8-K dated February 11, 2022) and changed its calculation of certain non-GAAP measures. The information reflects changes in the extent of matters and charges/benefits 3M includes within special items with respect to net costs for significant litigation when presenting these non-GAAP measures. Previously, 3M included net costs, when significant, associated with changes in accrued liabilities related to respirator mask/asbestos litigation and PFAS-related other environmental matters, along with the associated tax impacts. These non-GAAP measure changes involved adding litigation related to 3M's Combat Arms Earplugs and including the impacts of legal fees associated with applicable matters and of the net total change in accrued liability. The information provided herein reflects the impacts of these changes for all periods presented.
Full-Year 2022 Outlook
While the macroeconomic and geopolitical environment remains challenging and fluid, 3M continues to manage and navigate the headwinds facing its businesses. The company updated its full-year 2022 GAAP earnings outlook to incorporate the previously referenced first-quarter charge of $0.26 per share for Zwijndrecht-related PFAS environmental commitments. Excluding this Zwijndrecht investment, our full-year 2022 financial outlook remains unchanged.
3M now expects its full-year 2022 GAAP earnings per share to be in the range of $9.89 to $10.39 versus a prior expectation of $10.15 to $10.65. Full-year 2022 adjusted earnings is expected to be in the range of $10.75 to $11.25 per share, excluding estimated impacts from special items.
The company's full-year organic sales growth and free cash flow conversion ranges remain unchanged.
See the "Supplemental Financial Information Non-GAAP Measures" section for applicable information.
3M will conduct an investor teleconference at 9 a.m. EDT (8 a.m. CDT) today. Investors can access this conference via the following:
- Live webcast at http://investors.3M.com.
- Live telephone:
Call 800-762-2596 within the U.S. or +1 212-231-2916 outside the U.S. Please join the call at least 10 minutes before the start time. - Webcast replay:
Go to 3M's Investor Relations website at http://investors.3M.com and click on "Quarterly Earnings." - Telephone replay:
Call 800-633-8284 within the U.S. or +1 402-977-9140 outside the U.S. (for both U.S. and outside the U.S., the access code is 21999289). The telephone replay will be available until 11:30 a.m. EDT (10:30 a.m. CDT) on May 3, 2022.
Consolidated Financial Statements and Supplemental Financial Information Non-GAAP Measures
View the Consolidated Financial Statements and Supplemental Financial Information Non-GAAP Measures on 3M's website: https://investors.3m.com/Financial-Statements-Q122/
Forward-Looking Statements
This news release contains forward-looking information about 3M's financial results and estimates and business prospects that involve substantial risks and uncertainties. You can identify these statements by the use of words such as "anticipate," "estimate," "expect," "aim," "project," "intend," "plan," "believe," "will," "should," "could," "target," "forecast" and other words and terms of similar meaning in connection with any discussion of future operating or financial performance or business plans or prospects. Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, regulatory, capital markets and other external conditions and other factors beyond the Company's control, including natural and other disasters or climate change affecting the operations of the Company or its customers and suppliers; (2) risks related to public health crises such as the global pandemic associated with the coronavirus (COVID-19); (3) foreign currency exchange rates and fluctuations in those rates; (4) liabilities related to certain fluorochemicals, including lawsuits concerning various PFAS-related products and chemistries, and claims and governmental regulatory proceedings and inquiries related to PFAS in a variety of jurisdictions; (5) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report on Form 10-K for the year ended December 31, 2021, and any subsequent quarterly reports on Form 10-Q (the "Reports"); (6) competitive conditions and customer preferences; (7) the timing and market acceptance of new product offerings; (8) the availability and cost of purchased components, compounds, raw materials, labor, and energy (including oil and natural gas and their derivatives) due to shortages, increased demand and wages, logistics, manufacturing site disruptions or supply chain interruptions (including those caused by natural and other disasters and other events); (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) the impact of acquisitions, strategic alliances, divestitures and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (11) operational execution, including scenarios where the Company generates fewer productivity improvements than estimated; (12) financial market risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans; (13) the Company's credit ratings and its cost of capital; and (14) tax-related external conditions, including changes in tax rates, laws or regulations. Changes in such assumptions or factors could produce significantly different results. A further description of these factors is located in the Reports under "Cautionary Note Concerning Factors That May Affect Future Results" and "Risk Factors" in Part I, Items 1 and 1A (Annual Report) and in Part I, Item 2 and Part II, Item 1A (Quarterly Reports), as updated by applicable Current Reports on Form 8-K. The information contained in this news release is as of the date indicated. The Company assumes no obligation to update any forward-looking statements contained in this news release as a result of new information or future events or developments.
About 3M
At 3M, we apply science in collaborative ways to improve lives daily as our employees connect with customers all around the world. Learn more about 3M's creative solutions to the world's problems at www.3M.com or on Twitter @3M or @3MNews.
Please note that the company announces material financial, business and operational information using the 3M investor relations website, SEC filings, press releases, public conference calls and webcasts. The company also uses the 3M news center and social media to communicate with our customers and the public about the company, products and services and other matters. It is possible that the information 3M posts on the news center and social media could be deemed to be material information. Therefore, the company encourages investors, the media and others interested in 3M to review the information posted on 3M's news center and the social media channels such as Twitter@3M or @3MNews.
Contacts
3M
Investor Contacts:
Bruce Jermeland, 651-733-1807
or
Diane Farrow, 612-202-2449
or
Media Contact:
Tim Post, Tpost3@mmm.com
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SOURCE 3M | https://www.kxii.com/prnewswire/2022/04/26/3m-reports-first-quarter-2022-results/ | 2022-04-26T11:03:20Z |
PORTLAND, Ore., April 22, 2022 /PRNewswire/ -- On April 22, 2022, the board of directors of Portland General Electric Company (NYSE: POR) approved an increase in the annual dividend of 5.2%, or $0.09 per share, declaring a quarterly common stock dividend of $0.4525 per share.
The company's dividend is evaluated based on capital requirements and financial performance. PGE targets a dividend payout ratio of 60 to 70% over the long term.
The quarterly dividend is payable on or before July 15, 2022, to shareholders of record at the close of business on June 27, 2022.
About Portland General Electric Company
Portland General Electric (NYSE: POR) is a fully integrated energy company based in Portland, Oregon. The company serves approximately 900,000 customers with a service area population of 2 million Oregonians in 51 cities. PGE owns 16 generation plants across Oregon and other Northwestern states and maintains and operates 14 public parks and recreation areas. For more than 130 years, PGE has powered the advancement of society, delivering safe, affordable, and reliable energy to Oregonians. PGE and its approximately 3,000 employees are working with customers to build a clean energy future. Together with its customers, PGE has the No. 1 voluntary renewable energy program in the U.S. PGE is committed to achieving at least an 80% reduction in greenhouse gas emissions from power served to customers by 2030 and 100% reduction by 2040. In 2021, PGE became the first U.S. utility to join The Climate Pledge. For the eighth year in a row PGE achieved a perfect score on the 2021 Human Rights Campaign Foundation's Corporate Equality Index, a national benchmarking survey and report on corporate policies and practices related to LGBTQ workplace equality. In 2021, PGE, employees, retirees, and the PGE Foundation donated $4.8 million and volunteered 15,760 hours with more than 300 nonprofits across Oregon. For more information visit www.PortlandGeneral.com/news.
Safe Harbor Statement
Statements in this press release that relate to future plans, objectives, expectations, performance, events and the like may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent our estimates and assumptions as of the date of this report. The Company assumes no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors.
Forward-looking statements include statements regarding the Company's full-year earnings guidance (including expectations regarding annual retail deliveries, average hydro conditions, wind generation, normal thermal plant operations, operating and maintenance expense and depreciation and amortization expense) as well as other statements containing words such as "anticipates," "based on," "believes," "conditioned upon," "considers," "estimates," "expects," "intends," "plans," "promises," "should," "subject to," "targets," and similar expressions.
Investors are cautioned that any such forward-looking statements are subject to risks and uncertainties, including, without limitation: the outcome of various legal and regulatory actions; demand for electricity; the sale of excess energy during periods of low demand or low wholesale market prices; operational risks relating to the Company's generation and battery storage facilities, including hydro conditions, wind conditions, disruption of transmission and distribution, disruption of fuel supply, and unscheduled plant outages, which may result in unanticipated operating, maintenance and repair costs, as well as replacement power costs; delays in the supply chain and increased supply costs, failure of counterparties to perform under agreement, failure to complete capital projects on schedule or within budget, or the abandonment of capital projects, which could result in the Company's inability to recover project costs; the costs of compliance with environmental laws and regulations, including those that govern emissions from thermal power plants; changes in weather, hydroelectric and energy market conditions, which could affect the availability and cost of purchased power and fuel; the development of alternative technologies; changes in capital and credit market conditions, including interest rates, which could affect the access to and availability of cost of capital and result in delay or cancellation of capital projects or execution of the Company's strategic plan as currently envisioned; general economic and financial market conditions, including inflation; severe weather conditions, wildfires, and other natural phenomena and natural disasters that could result in operational disruptions, unanticipated restoration costs, or third party liability; cyber security breaches of the Company's customer information system or operating systems, data security breaches, or acts of terrorism, which could disrupt operations, require significant expenditures, or result in claims against the Company; employee workforce factors, including potential strikes, work stoppages, transitions in senior management, and the ability to recruit and retain key employees and other talent due to COVID-19 mandates and turnover due to macroeconomic trends; PGE business activities are concentrated in one region and future performance may be affected by events and factors unique to Oregon; and widespread health emergencies or outbreaks of infectious diseases such as the novel corona virus disease (COVID-19), including potential vaccination mandates, which may affect our financial position, results of operations and cash flows. As a result, actual results may differ materially from those projected in the forward-looking statements.
These risks and uncertainties are further discussed in the reports that the Company has filed with the United States Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov and on the Company's website, investors.portlandgeneral.com. Investors should not rely unduly on any forward-looking statements.
Source: Portland General Company (POR)
Media Contact:
Mike Houlihan
Corporate Communications
Phone: 503-504-9706
Investor Contact:
Jardon Jaramillo
Investor Relations
Phone: 503-464-7051
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SOURCE Portland General Company | https://www.kxii.com/prnewswire/2022/04/22/portland-general-electric-declares-dividend/ | 2022-04-22T23:53:53Z |
Goal is to provide early treatment and improve outcomes for transported emergency patients
ROCHESTER, N.Y., Aug. 16, 2022 Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today announced that its M400 smart glasses are currently being trialed in Japan for an emergency medical care plan with the objective of providing early treatment in an effort to improve patient outcomes and lifesaving rates for critically ill patients undergoing transport to the hospital. The collaborative effort on this trial involves Juntendo University, Shizuoka Hospital, the Shunto Izu Fire Department, and AVR Japan Co., Ltd.
In this trial, emergency medical technicians (EMTs) are using Vuzix M400 smart glasses to convey medical information from the ambulance to the hospital from the moment of patient engagement to their delivery to the hospital. Previously, the only means of communication between rescuers and doctors waiting in the hospital was via mobile phone calls, and information sharing was only vocal. By using smart glasses with two-way audio and video communications, it becomes possible to share medical information such as vital signs and ECG readouts, as well as the patient's facial expressions and other visual changes in condition, in real time to doctors and nurses who are on standby at the hospital to which they are being transported.
By sharing this information in real time with the hospital, it is expected that examinations, diagnoses, and preliminary medical treatment decisions can be made by various departments in the hospital before the patient even arrives. Additionally, in-hospital doctors can better instruct accurate in-transit emergency treatment (blood transfusion, surgery, thrombolytic therapy, intravascular treatment, etc.) for time-critical illnesses such as cardiovascular diseases.
Currently, Vuzix smart glasses are being used by select ambulances under the jurisdiction of the Shunto Izu Fire Department. In the future, there are plans to expand the trial to include more ambulances to provide further research on the effectiveness of smart glasses usage.
"Among their expanding healthcare uses, Vuzix smart glasses can be an important life-saving tool for EMTs that require critical interaction and support from the hospitals to which they ae headed," said Paul Travers, President and Chief Executive Officer at Vuzix. "Our glasses are lightweight, comfortable and completely wireless, making them ideal to be used alongside the other head-mounted equipment EMTs must wear. We look forward to seeing an expansion of this trial by its participants, as well as adoption for similar usage by other providers in Japan and around the world."
About Vuzix Corporation
Vuzix is a leading supplier of Smart Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets. The Company's products include personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality. Vuzix holds 247 patents and patents pending and numerous IP licenses in the Video Eyewear field. The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2022 and several wireless technology innovation awards, among others. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in Rochester, NY, Oxford, UK, and Tokyo, Japan. For more information, visit the Vuzix website, Twitter and Facebook pages.
Forward-Looking Statements Disclaimer
Certain statements contained in this news release are "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Forward-looking statements contained in this release relate to Vuzix Smart Glasses, ongoing certifications of this use case, our current and future business relationships and opportunities with Juntendo University, Shizuoka Hospital, the Shunto Izu Fire Department, and AVR Japan, and among other things the Company's leadership in the Smart Glasses and AR display industry. They are generally identified by words such as "believes," "may," "expects," "anticipates," "should" and similar expressions. Readers should not place undue reliance on such forward-looking statements, which are based upon the Company's beliefs and assumptions as of the date of this release. The Company's actual results could differ materially due to risk factors and other items described in more detail in the "Risk Factors" section of the Company's Annual Reports and MD&A filed with the United States Securities and Exchange Commission and applicable Canadian securities regulators (copies of which may be obtained at www.sedar.com or www.sec.gov). Subsequent events and developments may cause these forward-looking statements to change. The Company specifically disclaims any obligation or intention to update or revise these forward-looking statements as a result of changed events or circumstances that occur after the date of this release, except as required by applicable law.
Media and Investor Relations Contact:
Ed McGregor, Director of Investor Relations
Vuzix Corporation
ed_mcgregor@vuzix.com
Tel: (585) 359-5985
Vuzix Corporation, 25 Hendrix Road, West Henrietta, NY 14586 USA,
Investor Information – IR@vuzix.com www.vuzix.com
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SOURCE Vuzix Corporation | https://www.kxii.com/prnewswire/2022/08/16/vuzix-m400-smart-glasses-begin-use-case-japan-ambulance-emergency-medical-care/ | 2022-08-16T18:47:02Z |
HEFEI, China, June 24, 2022 /PRNewswire/ -- International authoritative research institution IHS Markit (now a part of S&P Global) announced the top 10 global PV inverter companies in terms of estimated shipments in 2021. Sungrow, with 47.1 GWac inverter shipments, becomes the No.1 PV inverter supplier globally.
Despite Covid-19 and 2021's unstable supply chain, Sungrow, the global inverter solution supplier for renewables, continued to invest in R&D and update its product portfolio by launching the SG350HX string inverter, 1+X modular inverter, Liquid-Cooled Energy Storage System, and its newest inverter series for the commercial, industrial, and residential sectors. In addition, Sungrow was dedicated to globalization. In 2021, Sungrow expanded its Indian factory's annual manufacturing capacity to over 10GW and set up its Thailand factory with a 10 GW annual manufacturing capacity.
To better engage in international sustainability initiatives, Sungrow joined RE100 and EP100 to reinforce its commitment to use 100% renewable energy across the entire value chain and improve energy productivity by 35% by 2028. It also joined the United Nations Global Compact and the China ESG Leaders Association to assume corporate responsibilities for global sustainable development.
Sungrow will continue to reinforce its commitment to the global Net-Zero Carbon mission by enhancing technological innovation, stabilizing the supply chain, developing mature sales and service networks worldwide, and providing clean and efficient power for all.
About Sungrow
Sungrow Power Supply Co., Ltd. ("Sungrow") is the world's most bankable inverter brand with over 224 GW installed worldwide as of December 2021. Founded in 1997 by University Professor Cao Renxian, Sungrow is a leader in the research and development of solar inverters with the largest dedicated R&D team in the industry and a broad product portfolio offering PV inverter solutions and energy storage systems for utility-scale, commercial & industrial, and residential applications, as well as internationally recognized floating PV plant solutions, NEV driving solutions and EV charging station solutions. With a strong 25-year track record in the PV space, Sungrow products power installations in over 150 countries. Learn more about Sungrow by visiting: www.sungrowpower.com.
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SOURCE Sungrow Power Supply Co., Ltd | https://www.wibw.com/prnewswire/2022/06/24/sungrow-ranks-no-1-2021-global-pv-inverter-shipment-estimated-by-ihs-markit-now-part-sampp-global/ | 2022-06-24T09:09:41Z |
Letart, West Virginia-based Company Donates $5,000 to Local Veterans Organizations, Supports the Mason County Veterans Memorial
LETART, W.Va., June 15, 2022 /PRNewswire/ -- In honor of National Flag Day, Felman Production, a Letart, WV-based metallurgy manufacturing company led by Mordechai Korf and Uriel Laber employing dozens of West Virginia workers, recently announced $5,000 in support for local Mason County veteran organizations.
Felman Production Plant Manager Vitaliy Anosov was joined yesterday by Chris Brinker, President of United Steelworkers Local 5171, and veterans from the community as Anosov presented a $2,500 donation on behalf of the company to the American Legion Post 23 to support the Mason County Veterans Memorial. Felman Production also announced a $2,500 donation to the VFW Post 9926, based in Point Pleasant, WV. The proposed Mason County Veterans Memorial Park would include the names of all the servicemen and servicewomen from Mason County, and it would be located diagonally across from Farmers Bank in the city of Mason, WV and next to the Bridge of Honor that connects Mason County, WV and Meigs County, OH.
"The American flag is the national symbol of liberty, strength, opportunity, and unity," said Mordechai Korf and Uriel Laber of Felman Production in a joint statement. "What better way to commemorate Flag Day than to provide support to local veterans in our community who risked their lives for our country, and to support the Mason County Veterans Memorial, which will bring recognition and honor to fallen servicemen and women from the area."
Today's announced donation follows a long history of Felman Production supporting the local community. In April, Felman Production and CC Metals & Alloys (CCMA), a Calvert City, Kentucky-based mining and metals company also led by Mordechai Korf and Uriel Laber, provided $25,000 in support to five local nonprofit organizations that provide critical food and meal services as well as family services to hundreds of families in their communities. In January, Felman Production provided financial support to two local volunteer fire departments that are vital to the safety and well-being of Mason County. And in December, to help families in need at Christmastime, Felman Production supported two Mason County charities providing food, clothing, and other essential services.
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SOURCE Felman Production | https://www.kxii.com/prnewswire/2022/06/15/commemorate-national-flag-day-felman-production-honors-local-veterans-who-fought-protect-all-that-it-stands/ | 2022-06-15T19:15:41Z |
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated August 18, 2021, to its short form base shelf prospectus dated June 16, 2021.
VANCOUVER, BC, April 1, 2022 /PRNewswire/ - Uranium Royalty Corp. (NASDAQ: UROY) (TSXV: URC) ("URC" or the "Company") is pleased to announce that it has acquired an additional 1% gross revenue royalty interest on the Lance In-Situ Recovery ("ISR") Uranium Mine in Wyoming, USA operated by Strata Energy Inc. ("Strata"), a wholly owned subsidiary of Peninsula Minerals Limited ("Peninsula").
Highlights
- Near-term production potential: The Lance ISR Uranium Mine is a fully licensed mine, with Peninsula currently undertaking an updated feasibility study in preparation for a full re-start of ISR production. Mine production was idled in 2019 as the operator initiated a transition to a low-Ph mining method, but the project has been producing uranium in limited amounts during the test mining phase.
- Additional exposure to U.S. uranium production: Provides URC with additional exposure to potential U.S. derived uranium production.
- The royalty is a 1% gross revenue royalty interest: The royalty covers the entirety of the current permitted project area and expands upon URC's existing 4% gross revenue royalty on portions of the Lance Project. It is applicable to all uranium and related minerals from the project area.
The royalty was acquired from an existing royalty holder and the consideration paid by the Company was US$1.25 million in cash.
Scott Melbye, Chief Executive Officer of URC stated: "URC couldn't be more pleased with the addition of this comprehensive, near-term cash-flowing royalty on the Lance Project. We have great confidence in Peninsula's management and technical teams to be able to bring this competitive asset into full production as one of the early movers, taking advantage of improving uranium markets. We look forward to the updated feasibility study recently announced by Peninsula."
Mr. Melbye continued: "As the global nuclear fuel industry reassesses strategic and geopolitical risk, the value of American ISR uranium production in a resource-friendly state like Wyoming cannot be underestimated. As a result, we believe uranium projects in North America that are not only fully permitted and licensed, but free of control or influence from Russia and China, will attract stronger premiums as a result of the current geopolitical climate."
The Project
The Lance Project is an ISR uranium project located on the north-east flank of the Powder River Basin in Wyoming, USA and is comprised of approximately 38,416 acres of mixed surface and mineral right holdings including private access agreements as well as state and federal mining claims. In its annual report for the year ended September 31, 2021, Peninsula disclosed a JORC resource comprised of measured and indicated resources of 15.8 Mlbs at an average grade of 494 ppm U3O8 and inferred resources of 37.8 Mlbs at an average grade of 474 ppm U3O8 for the Lance Project. The estimate was disclosed as of December 31, 2020.
The project was licensed and constructed by Strata and commenced commercial operations in 2015. From September through December of 2018, Peninsula made a series of announcements outlining the proposed transition to low-pH mining, including suspending most of the alkaline-based production in order to reduce cash expenditures. By July 2019, Peninsula announced that it had determined to idle alkaline-based production activities and focus on completion of a low-pH field demonstration.
On February 26, 2021, Peninsula announced an update on its low-pH field demonstration activities at the project. Peninsula disclosed that the company initiated a field demonstration in August 2020 in a previously unmined area of Mine Unit 1 (MU1A) with the primary objective being to confirm the optimal operating conditions for the project. On March 28th, 2022, Peninsula announced that it was commencing an update to its 2018 Low-Ph ISR Feasibility Study, incorporating results and conclusions from Peninsula's technical de-risking activities, including the recently completed MU1A Field Demonstration.
About Uranium Royalty Corp.
Uranium Royalty Corp. is the world's only uranium-focused royalty and streaming company and the only pure-play uranium listed company on the Nasdaq. URC provides investors with uranium commodity price exposure through strategic acquisitions in uranium interests, including royalties, streams, debt and equity in uranium companies, as well as through holdings of physical uranium. The Company is well positioned as a capital provider to an industry needing massive investments in global productive capacity to meet the growing need for uranium as fuel for carbon-free nuclear energy. URC has deep industry knowledge and expertise to identify and evaluate investment opportunities in the uranium industry. The Company's management and the Board include individuals with decades of combined experience in the uranium and nuclear energy sectors, including specific expertise in mine finance, project identification and evaluation, mine development and uranium sales and trading.
Note on Technical Disclosure
Darcy Hirsekorn, the Company's Chief Technical Officer, has supervised the preparation of and reviewed the technical information contained in this presentation. He holds a B.Sc. in Geology from the University of Saskatchewan, is a qualified person as defined in National Instrument 43-101 and is registered as a professional geoscientist in Saskatchewan.
Except where otherwise stated, the Company's disclosure herein relating to the Lance ISR Uranium Mine has been derived from Peninsula's annual report for the year ended September 31, 2021, as well as information disclosed in Peninsula's ASX announcement dated March 28, 2022, titled "Updated Lance Feasibility Study Underway Following Analysis of MU1A Field Demonstration Results". As a royalty holder, the Company has limited, if any, access to the properties subject to its interests. The Company generally relies on publicly available information regarding these properties and related operations and generally has no ability to independently verify such information. In addition, such publicly available information may relate to a larger property area than that covered by the Company's interests.
The mineral resource disclosure contained herein regarding the Lance Project was prepared by Peninsula under the 2012 Edition of the Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC 2012), which differs from the requirements of Canadian National Instrument 43-101 ("NI 43-101") and U.S. securities laws. Unless otherwise indicated, the technical and scientific disclosure contained or referenced herein has been prepared in accordance with NI 43-101, which differs significantly from the requirements of the U.S. Securities and Exchange Commission applicable to U.S. domestic issuers Accordingly, the scientific and technical information contained or referenced in this press release may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of the SEC. "Inferred mineral resources" have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category.
Forward Looking Statements
Certain statements in this news release may constitute "forward-looking information", including those regarding the Company's expectations regarding the Lance ISR Uranium Mine, uranium markets, and statements regarding the plans and expectations of the project operator. Forward-looking information includes statements that address or discuss activities, events or developments that the Company expects or anticipates may occur in the future. When used in this news release, words such as "estimates", "expects", "plans", "anticipates", "will", "believes", "intends" "should", "could", "may" and other similar terminology are intended to identify such forward-looking information. Statements constituting forward-looking information reflect the current expectations and beliefs of the Company's management. These statements involve significant uncertainties, known and unknown risks, uncertainties and other factors and, therefore, actual results, performance or achievements of the Company and its industry may be materially different from those implied by such forward-looking statements. They should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from such forward-looking information, including, without limitation, risks inherent to royalty companies, uranium price volatility, risks related to the operators of the projects underlying the Company's existing and proposed interests and those other risks described in filings with Canadian securities regulators and the U.S. Securities and Exchange Commission. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should exercise caution in relying upon forward-looking information and the Company undertakes no obligation to publicly revise them to reflect subsequent events or circumstances, except as required by law.
Neither the TSX Venture Exchange (the "TSX-V") nor its Regulation Services Provider (as that term is defined in policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Uranium Royalty Corp. | https://www.mysuncoast.com/prnewswire/2022/04/01/uranium-royalty-corp-acquires-additional-royalty-lance-uranium-project-wyoming-usa/ | 2022-04-01T11:30:28Z |
6th newborn safely surrendered in a Baby Box this year
MOORESVILLE, Ind. (Gray News) – A healthy baby was recently surrendered in a Safe Haven Baby Box in Indiana, making it the sixth baby surrendered in a Baby Box this year.
Firefighters at the Mooresville Fire Department immediately tended to the infant when it was placed into the temperature-controlled box.
It was taken to the hospital for evaluation and is doing well.
“The Mooresville Fire Department is here to protect property and save lives,” Fire Chief Matt Dalton said. “With this box at our station, it gives our department another tool to do just that.”
The Mooresville location was the 39th Baby Box installed and offers a safe and anonymous way for new mothers to surrender their newborn babies they are unable to care for.
“We know this mother loves her infant immensely and we are proud of this selfless act. A loving family will soon adopt this baby and we are so grateful to be part of changing the narrative for this infant and the birth mother,” Safe Haven Baby Box founder Monica Kelsey said.
The Baby Box has heating and cooling elements to provide comfort for the infant, along with silent alarms to notify first responders.
The newborn is attended to within five minutes, medically evaluated at the hospital and adopted within 30 to 45 days.
According to Safe Haven Baby Boxes, 20 infants have been placed in a Baby Box since November 2017.
Safe Haven Baby Boxes are currently available in Indiana, Ohio, Arkansas, Florida, Kentucky and New Mexico.
If you need help finding a Safe Haven location, or to speak to a licensed counselor, call the National Safe Haven crisis hotline at 1-866-99BABY1.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/07/01/6th-newborn-safely-surrendered-baby-box-this-year/ | 2022-07-01T21:54:08Z |
HOUSTON, May 5, 2022 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company" or "ICD") (NYSE: ICD) today reported financial results for the three months ended March 31, 2022.
First quarter 2022 Highlights
- Net loss, as defined below, of $12.2 million, or $1.08 per share.
- Adjusted net loss, as defined below, of $11.2 million, or $0.99 per share.
- Adjusted EBITDA, as defined below, of $3.6 million, representing an approximate 146% sequential improvement from the fourth quarter of 2021.
- Net debt, excluding finance leases and net of deferred financing costs, of $140.1 million.
- Marketed fleet utilization of 68%.
- Fully burdened margin of $5,754 per day.
In the first quarter of 2022, the Company reported revenues of $35.0 million, a net loss of $12.2 million, or $1.08 per share, adjusted net loss (defined below) of $11.2 million, or $0.99 per share, and adjusted EBITDA (defined below) of $3.6 million. These results compare to revenues of $15.5 million, a net loss of $16.0 million, or $2.58 per share, adjusted net loss of $16.4 million, or $2.64 per share, and adjusted EBITDA loss of $2.0 million in the first quarter of 2021, and revenues of $28.6 million, a net loss of $31.5 million, or $3.23 per share, an adjusted net loss of $13.2 million, or $1.35 per share, and adjusted EBITDA of $1.5 million in the fourth quarter of 2021.
Chief Executive Officer Anthony Gallegos commented, "We are pleased that increasing demand, pricing and margin generating capability for ICD's pad optimal, super-spec ShaleDriller rigs are reflected in our first quarter 2022 results, in-line with our prior forecasts. More exciting is that we expect an incremental 30% to 35% sequential improvement in margin per day during the second quarter of 2022. Based on our outlook and contract roll-over schedule, we expect continued meaningful improvements in our rig margin metric as this upcycle continues to unfold. Leading edge dayrates for pad-optimal 300 series superspec rigs are now $30,000 per day or higher and we believe the very limited supply of this class of rig will drive further dayrate and margin improvements the back half of this year and into 2023.
I could not be more excited about ICD's strategic positioning in this market dynamic. With our focus on short-term, pad-to-pad contracts, we are poised to quickly convert this rapidly improving dayrate momentum into our reported results. Right now, we do not have a single contract extending past mid-October. With our term loan refinancing now complete, we have resumed our rig reactivation plans with our 18th rig expected to be placed into service early in the third quarter and two additional reactivations planned during the remainder of the year. All three of these incremental rigs will be 300 series rigs. Rigs meeting our 300 series specifications are in the shortest supply and enjoy the highest demand in the industry. These rigs earn the highest dayrate and margins, and we expect each of these rig reactivation investments to pay back in less than one year and yield meaningful investment returns. We believe all of this sets up ICD very nicely to reach our goal of entering 2023 generating rig margins of $10,000 per day or more.
We also continue to enhance our customer mix and recently contracted a rig with one of the very largest independent oil and gas operators in the Permian basin. On the ESG front, I am extremely proud that ICD was selected by an existing customer, one of the largest international E&P companies in the world, to drill their pilot carbon capture well program in the lower 48. I believe the selection of ICD for this high-profile operation is further validation of the quality of our equipment, drilling teams and operations, and reflects the confidence that our customers have in us to provide the safest and most efficient contract drilling services in our industry."
Quarterly Operational Results
In the first quarter of 2022, operating days increased sequentially by 6% compared to the fourth quarter of 2021. The Company's marketed fleet operated at 68% utilization and recorded 1,463 revenue days, compared to 929 revenue days in the first quarter of 2021, and 1,378 revenue days in the fourth quarter of 2021.
Operating revenues in the first quarter of 2022 totaled $35.0 million, compared to $15.5 million in the first quarter of 2021 and $28.6 million in the fourth quarter of 2021. Revenue per day in the first quarter of 2022 was $21,823, compared to $15,465 in the first quarter of 2021 and $19,042 in the fourth quarter of 2021. The sequential increase quarter over quarter in revenue per day was driven by higher dayrates on contract renewals and reactivated rigs.
Operating costs in the first quarter of 2022 totaled $27.2 million, compared to $14.5 million in the first quarter of 2021 and $24.0 million in fourth quarter of 2021. There were no operating costs during the first quarter of 2022 or fourth quarter of 2021 associated with the reactivation of rigs compared to $1.1 million during the first quarter of 2021. Fully burdened operating costs were $16,069 per day in the first quarter of 2022, compared to $12,663 in the first quarter of 2021 and $15,504 in the fourth quarter of 2021. Sequential increases in operating costs per day were driven primarily by higher labor costs associated with increases in field-level wages.
Excluding the impact from reactivation costs, fully burdened rig operating margins in the first quarter of 2022 were $5,754 per day, compared to $2,802 per day in the first quarter of 2021 and $3,538 per day in the fourth quarter of 2021. The Company currently expects per day operating margins in the second quarter of 2022 to increase sequentially between 30% and 35% compared to the first quarter 2022, driven primarily by favorable dayrate momentum.
Selling, general and administrative expenses in the first quarter of 2022 were $5.2 million (including $1.0 million of non-cash compensation), compared to $3.7 million (including $0.7 million of non-cash compensation) in the first quarter of 2021 and $3.9 million (including $0.8 million of non-cash compensation) in the fourth quarter of 2021. The sequential increase in cash selling, general and administrative expenses was primarily due to reinstitution of pre-COVID pay levels.
Drilling Operations Update
The Company exited the first quarter with 17 rigs operating, with our 18th rig scheduled to be reactivated early in the third quarter of 2022. Overall, the Company's operating rig count averaged 16.3 rigs during the quarter. The Company's backlog of drilling contracts with original terms of six months or longer was $13.1 million as of March 31, 2022. This backlog excludes rigs operating on short term pad-to-pad drilling contracts. All of this backlog is expected to be realized during 2022.
Capital Expenditures and Liquidity Update
Cash outlays for capital expenditures in the first quarter of 2022, net of asset sales and recoveries, were $5.7 million. This included $4.5 million associated with prior period deliveries.
As of March 31, 2022, the Company had cash on hand of $9.3 million, a revolving line of credit with availability of $12.0 million, and $157.5 million principal amount outstanding under its new convertible notes.
During the first quarter of 2022, the Company issued an aggregate of 1.1 million shares of its common stock through at-the-market ("ATM") offerings raising $3.6 million of gross proceeds.
Conference Call Details
A conference call for investors will be held today, May 5, 2022, at 11:00 a.m. Central Time (12:00 p.m. Eastern Time) to discuss the Company's first quarter 2022 results.
The call can be accessed live over the telephone by dialing (855) 239-3115 or for international callers, (412) 542-4125. A replay will be available shortly after the call and can be accessed by dialing (877) 344-7529 or for international callers, (412) 317-0088. The passcode for the replay is 9952288. The replay will be available until May 12, 2022.
Interested parties may also listen to a simultaneous webcast of the conference call by logging onto the Company's website at www.icdrilling.com in the Investor Relations section. A replay of the webcast will also be available for approximately 30 days following the call.
Certain Defined Terms
Pad-Optimal, Super-Spec Rig is defined as an AC powered rig with minimum 20,000ft racking capacity, 1500HP+ drawworks, 750,000lb hookload, three high pressure pumps, four engines and omni-directional walking system. Such rigs also include dual fuel, hi-line power and drilling optimization software options.
300 Series Rigs are defined as a Pad-Optimal, Super-Spec rig with the following additional characteristics: 25,000ft+ racking capacity, hi-torque top drives, and 1,000,000lb hookload option.
About Independence Contract Drilling, Inc.
Independence Contract Drilling provides land-based contract drilling services for oil and natural gas producers in the United States. The Company constructs, owns and operates a fleet of pad-optimal ShaleDriller rigs that are specifically engineered and designed to accelerate its clients' production profiles and cash flows from their most technically demanding and economically impactful oil and gas properties. For more information, visit www.icdrilling.com.
Forward-Looking Statements
This news release contains certain forward-looking statements within the meaning of the federal securities laws. Words such as "anticipated," "estimated," "expected," "planned," "scheduled," "targeted," "believes," "intends," "objectives," "projects," "strategies" and similar expressions are used to identify such forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements relating to Independence Contract Drilling's operations are based on a number of expectations or assumptions which have been used to develop such information and statements but which may prove to be incorrect. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict, and there can be no assurance that actual outcomes and results will not differ materially from those expected by management of Independence Contract Drilling. For more information concerning factors that could cause actual results to differ materially from those conveyed in the forward-looking statements, please refer to the "Risk Factors" section of the Company's Annual Report on Form 10-K, filed with the SEC and the information included in subsequent amendments and other filings. These forward-looking statements are based on and include the Company's expectations as of the date hereof. Independence Contract Drilling does not undertake any obligation to update or revise such forward-looking statements to reflect events or circumstances that occur, or which Independence Contract Drilling becomes aware of, after the date hereof.
The following table provides various financial and operational data for the Company's operations for the three months ended March 31, 2022 and 2021 and December 31, 2021. This information contains non-GAAP financial measures of the Company's operating performance. The Company believes this non-GAAP information is useful because it provides a means to evaluate the operating performance of the Company on an ongoing basis using criteria that are used by the Company's management. Additionally, it highlights operating trends and aids analytical comparisons. However, this information has limitations and should not be used as an alternative to operating income (loss) or cash flow performance measures determined in accordance with GAAP, as this information excludes certain costs that may affect the Company's operating performance in future periods.
Non-GAAP Financial Measures
Adjusted net (loss) income, EBITDA and adjusted EBITDA are supplemental non-GAAP financial measures that are used by management and external users of the Company's financial statements, such as industry analysts, investors, lenders and rating agencies. In addition, adjusted EBITDA is consistent with how EBITDA is calculated under the Company's credit facility for purposes of determining the Company's compliance with various financial covenants. The Company defines "adjusted net (loss) income" as net (loss) income before: asset impairment, net; gain or loss on disposition of assets, net; intangible revenue; severance and merger-related expenses; gain or loss on extinguishment of debt and other adjustments. The Company defines "EBITDA" as earnings (or loss) before interest, taxes, depreciation, and amortization, and the Company defines "adjusted EBITDA" as EBITDA before stock-based compensation, non-cash asset impairments, gain or loss on disposition of assets, gain or loss on extinguishment of debt and other non-recurring items added back to, or subtracted from, net income for purposes of calculating EBITDA under the Company's credit facilities. Neither adjusted net (loss) income, EBITDA or adjusted EBITDA is a measure of net income as determined by U.S. generally accepted accounting principles ("GAAP").
Management believes adjusted net (loss) income, EBITDA and adjusted EBITDA are useful because they allow the Company's stockholders to more effectively evaluate the Company's operating performance and compliance with various financial covenants under the Company's credit facility and compare the results of the Company's operations from period to period and against the Company's peers without regard to the Company's financing methods or capital structure or non-recurring, non-cash transactions. The Company excludes the items listed above from net income (loss) in calculating adjusted net (loss) income, EBITDA and adjusted EBITDA because these amounts can vary substantially from company to company within the Company's industry depending upon accounting methods and book values of assets, capital structures and the method by which the assets were acquired. None of adjusted net (loss) income, EBITDA or adjusted EBITDA should be considered an alternative to, or more meaningful than, net income (loss), the most closely comparable financial measure calculated in accordance with GAAP, or as an indicator of the Company's operating performance or liquidity. Certain items excluded from adjusted net (loss) income, EBITDA and adjusted EBITDA are significant components in understanding and assessing a company's financial performance, such as a company's return on assets, cost of capital and tax structure. The Company's presentation of adjusted net (loss) income, EBITDA and adjusted EBITDA should not be construed as an inference that the Company's results will be unaffected by unusual or non-recurring items. The Company's computations of adjusted net (loss) income, EBITDA and adjusted EBITDA may not be comparable to other similarly titled measures of other companies.
INVESTOR CONTACTS:
Independence Contract Drilling, Inc.
E-mail inquiries to: Investor.relations@icdrilling.com
Phone inquiries: (281) 598-1211
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SOURCE Independence Contract Drilling, Inc. | https://www.wibw.com/prnewswire/2022/05/05/independence-contract-drilling-inc-reports-unaudited-financial-results-first-quarter-ended-march-31-2022/ | 2022-05-05T12:10:12Z |
NEW YORK, June 24, 2022 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Pegasystems Inc. (NASDAQ: PEGA) between May 29, 2020 and May 9, 2022, both dates inclusive (the "Class Period"), of the important July 18, 2022 lead plaintiff deadline.
SO WHAT: If you purchased PEGA securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the PEGA class action, go to https://rosenlegal.com/submit-form/?case_id=6286 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. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 18, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. 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 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) PEGA had engaged in corporate espionage and misappropriation of trade secrets to better compete against Appian; (2) Defendants' product development and associated success was, in significant part, not the result of its own research and product testing but rather the result of such corporate espionage and trade secret theft; (3) Defendants had engaged in a scheme to steal Appian trade secrets, which was not only known to, but carried out through the personal involvement of PEGA's CEO; (4) PEGA's CEO and other officers and employees did not comply with PEGA's written Code of Conduct; (5) PEGA was "unable to reasonably estimate damages" in the Appian Litigation; and (6) as a result of the foregoing, Defendants' statements about PEGA's business, operations, prospects, legal compliance, and potential damages exposure in the Appian Litigation were materially false and/or misleading and/or lacked a reasonable basis when made.
The truth regarding PEGA's fraudulent conduct was revealed after the close of the markets on May 9, 2022, when PEGA issued a press release announcing that the jury in the Appian Litigation had awarded Appian more than $2 billion for PEGA's misappropriation of trade secrets. In response to this news, PEGA's stock price fell 21%, from a closing price of $65.93 per share on May 9, 2022, to a closing price of $52.25 on May 10, 2022. As the market continued to digest the verdict, PEGA's stock price dropped another 8% to close at $48.07 per share the following day.
To join the PEGA class action, go to https://rosenlegal.com/submit-form/?case_id=6286 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.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's 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/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com
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SOURCE Rosen Law Firm, P.A. | https://www.mysuncoast.com/prnewswire/2022/06/25/rosen-leading-law-firm-encourages-pegasystems-inc-investors-with-losses-secure-counsel-before-important-deadline-securities-class-action-pega/ | 2022-06-25T02:59:58Z |
CHARLOTTE, N.C., June 27, 2022 /PRNewswire/ -- Bank of America today commented on the results of the Federal Reserve's 2022 Comprehensive Capital Analysis and Review (CCAR) and announced plans to increase its quarterly common stock dividend to $0.22 per share beginning in the third quarter of 2022.
Based on the 2022 CCAR results, Bank of America's stress capital buffer (SCB) will be approximately 100 bps higher than the current 2.5% level and will therefore add approximately 100 bps to our CET1 minimum requirement of 9.5%. When finalized, this new SCB will be effective from October 1, 2022 to September 30, 2023. At March 31, 2022 Bank of America had $170 billion of regulatory CET1 capital and a CET1 ratio of 10.4%.
"Our responsible growth strategy over the last decade has put us in a strong position to support our clients and deliver for shareholders," said Bank of America Chair and Chief Executive Officer Brian Moynihan. "In October 2021, we renewed the Company's previously announced $25 billion common stock purchase program with $17 billion remaining as of March 31, 2022, and today we are also announcing that we expect to increase the quarterly common stock dividend by 5% to $0.22 per share." Bank of America Chief Financial Officer Alastair Borthwick added that "the 2022 annual stress test results once again support that Bank of America maintains a strong capital position to serve its customers and clients through the current economic environment and our continued discipline around risk has us well prepared for a severe economic stress scenario."
The common stock dividend is subject to approval from the Company's Board of Directors.
Certain statements contained in this news release may constitute "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent the current expectations, plans or forecasts of Bank of America based on available information. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. These statements often use words like "expects," "anticipates," "believes," "estimates," "targets," "intends," "plans," "predict," "goal" and other similar expressions or future or conditional verbs such as "will," "may," "might," "should," "would" and "could." Forward-looking statements speak only as of the date they are made, and Bank of America undertakes no obligation to update any forward-looking statement to reflect the impact of circumstances or events that arise after the date the forward-looking statement was made.
Forward-looking statements represent Bank of America's current expectations, plans or forecasts of its future results, revenues, expenses, dividends, efficiency ratio, capital measures, and future business and economic conditions more generally, and other future matters. These statements are not guarantees of future results or performance and involve certain known and unknown risks, uncertainties and assumptions that are difficult to predict and are often beyond Bank of America's control. Actual outcomes and results may differ materially from those expressed in, or implied by, any forward-looking statements due to a variety of factors. You should not place undue reliance on any forward-looking statement and should consider all of the precautionary statements, uncertainties and risks discussed in Bank of America's filings with the Securities and Exchange Commission, including in Bank of America's Current Report on Form 8-K dated October 20, 2021, announcing Bank of America's common stock repurchase program, under Item 1A. "Risk Factors" of Bank of America's Annual Report on Form 10-K for the year ended December 31, 2021, and in any of Bank of America's other subsequent Securities and Exchange Commission filings.
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 67 million consumer and small business clients with approximately 4,100 retail financial centers, approximately 16,000 ATMs, and award-winning digital banking with approximately 54 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
For more Bank of America news, including dividend announcements and other important information, visit Bank of America newsroom and register for news email alerts.
Investors May Contact:
Lee McEntire, Bank of America
Phone: 1.980.388.6780
lee.mcentire@bofa.com
Jonathan G. Blum, Bank of America (Fixed Income)
Phone: 1.212.449.3112
jonathan.blum@bofa.com
Reporters May Contact:
Bill Halldin, Bank of America
Phone: 1.916.718.1251
william.halldin@bofa.com
Christopher P. Feeney, Bank of America
Phone: 1.980.386.6794
christopher.feeney@bofa.com
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SOURCE Bank of America Corporation | https://www.wibw.com/prnewswire/2022/06/27/bank-america-comments-stress-test-results-plans-increase-quarterly-dividend-022-per-share/ | 2022-06-27T21:32:17Z |
KYIV, Ukraine (AP) — Shelling resumed near Ukraine’s Zaporizhzhia nuclear power plant with the warring sides trading blame again on Wednesday, a day after the U.N. atomic watchdog agency pressed for a safe zone there to prevent a catastrophe.
Russian forces fired rockets and heavy artillery on the city of Nikopol, on the opposite bank of the Dnieper River from Europe’s largest nuclear plant, regional Gov. Valentyn Reznichenko said.
“There are fires, blackouts and other things at the (plant) that force us to prepare the local population for the consequences of the nuclear danger,” Reznichenko said. Officials in recent days have distributed iodine pills to residents to help protect them in the event of a radiation leak.
In Enerhodar, where the power plant is located, Dmytro Orlov, the pre-occupation mayor, reported the city coming under Russian attack for a second time Wednesday and was without power. “Employees of communal and other services simply do not have time to complete emergency and restoration work, as another shelling reduces their work to zero,” he said on the Telegram messaging app.
The Russian side blamed the Ukrainians. Vladimir Rogov, the head of the Russia-installed Enerhodar administration, said on Telegram that heavy Ukrainian fighting had caused the city’s blackout, and Russia’s Defense Ministry blamed the outage on Ukrainian forces attacking a power substation.
Russian rockets on Wednesday hit the village of Mala Tokmachka some 90 kms (55 miles) northeast of Enerhodar, killing three people and injuring five, Zaporizhzhia regional Gov. Oleksandr Starukh reported.
It’s not possible to independently reconcile the conflicting reports of the fighting, which has caused international alarm.
The head of the U.N.’s International Atomic Energy Agency, Rafael Grossi, warned the U.N. Security Council on Tuesday that “something very, very catastrophic could take place” at the Zaporizhzhia plant. The IAEA urged Russia and Ukraine to establish a “nuclear safety and security protection zone” around the plant.
The fear is that the fighting could trigger a disaster on the scale of the Chernobyl disaster in Ukraine in 1986.
Neither Moscow nor Kiev officials would immediately commit to the idea of a safety zone.
Because of damage from the fighting, the plant is generating electricity only to power its safety systems, a senior Ukrainian official said. The plant normally relies on external power to run the systems that keep the reactor cores cool and prevent them from melting down.
Any further power disruption could force the plant to use back-up diesel generators, but that would entail bringing four diesel fuel trucks a day through the fighting, said Oleh Korikov, Ukraine’s acting chief inspector for nuclear and radiation safety.
“We could potentially be in a situation where we run out of diesel,” he said. “And this can lead to an accident with damage to the active zone of the reactors and, accordingly, the release of radioactive products into the environment.”
The plant also had to activate its diesel generators late last month because of damage, according to Ukrainian officials.
Authorities could consider shutting down the plant, Korikov said, without offering details about how that would work.
The plant’s operator, Energoatom, said that despite the shelling, Ukrainian staff still working at the Russian-occupied plant will try to restore external power through at least one of the seven outside lines.
Russian President Vladimir Putin on Wednesday defied pressure to halt the war, saying Moscow will forge ahead with its offensive in Ukraine and mocked Western attempts to stop Russia with sanctions.
Putin told an annual economic forum in the far-eastern port city of Vladivostok that even though the IAEA didn’t assign blame for the shelling around the Zaporizhzhia plant, claims that Russian forces are responsible are “absolute nonsense.” He asked rhetorically, “Well, are we shooting at ourselves or what?”
He claimed fragments of Western weapons have been found at the plant, denied that Russia has placed military equipment there and said he doesn’t understand why Ukraine would fire on the facility, other than “to create an additional crisis.”
Heavy fighting was reported on three fronts: in the north, near the city of Kharkiv; in the east, in the industrial Donbas region of mines and factories; and in the south, in the Kherson region, where Ukraine has mounted a counteroffensive to try to retake territory the Russians seized early in the war.
Ukrainian forces have taken control of an unspecified number of towns in the Kherson region, military spokesperson Nataliya Humenyuk said.
The eastern city of Sloviansk came under Russian fire on Wednesday morning, and a school and another building were damaged, according to mayor Vadym Lyakh.
Firefighters dug deep into the smoldering rubble of an apartment building and removed at least one body. Chunks of bricks, masonry and concrete lay among torn tree branches, broken glass and roof tiles. Metal doors, buckled by the blast’s force, hung off their hinges.
The strike came at around 4 a.m., said resident Raisa Smelkova, 75, who lives in another part of the building. She and her husband were unhurt. The couple lived through the fighting in Ukraine in 2014, when Russia annexed the Crimea region.
“What is happening now is not just scary, it’s gruesome,” she said. “There is more destruction. Everything is worse. Just everything.”
In other developments:
—Andrei Turchak, the leader of United Russia, the main Kremlin-directed political party, suggested that referendums on joining the Russian Federation could be held in the eastern Donbas and other Russia-controlled areas in Ukraine on Nov. 4, when Russia marks National Unity Day. Russia has already recognized some parts of the Donbas as sovereign.
—The Russian military on Wednesday ended large-scale drills in the country’s east that involved forces from China. It was seen as another show of increasingly close ties between Moscow and Beijing, con trasting with tensions with the West over the war.
___
Elena Becatoros in Sloviansk contributed to this report.
___
Follow the AP’s coverage of the war at https://apnews.com/hub/russia-ukraine | https://cw33.com/business/ap-business/ap-shelling-goes-on-near-ukraine-nuclear-plant-despite-risks/ | 2022-09-07T16:55:03Z |
DALLAS (KDAF) — It’s going to be an unseasonably hot week in North Texas as the May heatwave continues according to the National Weather Service center in Fort Worth.
NWS Fort Worth says, “The week ahead will remain hot as highs continue in the 90s to lower triple digits. Remember to stay hydrated, take plenty of breaks if spending time outdoors and never leave kids or pets unattended in vehicles.”
The center adds that unseasonable heat is expected to continue through next week, as afternoon highs will range from the 90s, reaching into the triple digits. Be sure to take precautions against the Texas heat.
- Drink plenty of water even if you aren’t thirsty
- Take frequent rest breaks in the shade or inside with air conditioning
- Bring pets indoors or provide shade and plenty of water for them
- Never leave kids or pets unattended in vehicles | https://cw33.com/news/local/unseasonably-hot-week-expected-in-north-texas-heres-what-you-need-to-know/ | 2022-05-16T19:23:35Z |
Trae Young’s second half blitz steers Hawks into NBA playoffs
By Jack Bantock, CNN
An explosive second-half performance from Trae Young steered the Atlanta Hawks past the Cleveland Cavaliers, 107-101, and into the NBA playoffs on Friday.
Having blown away the Charlotte Hornets in their first play-in game on Wednesday, the Hawks’ victory over the Cavaliers saw them clinch the eighth seed in the Eastern Conference playoffs and punch their ticket to face the top-seeded Miami Heat on Sunday.
With six points in the first half, Young’s slow start reflected that of his team, who trailed 61-51 at the halfway mark.
Jeered from the outset by a raucous Rocket Mortgage FieldHouse crowd, Young had the last laugh and then some after exploding for 32 points in the second half, his game-high 38-point haul complemented by nine assists and three rebounds.
Bogdan Bogdanovic added 19 points from the bench, while Lauri Markkanen led scoring for the Cavaliers with 26.
Only the second player in NBA history to lead the league in total regular season points and assists, as well as setting a new franchise record for 233 three-pointers, Young’s play-in heroics continue a stellar year for the 23-year-old.
It is perhaps no wonder then that he has attained public enemy number one status on a number of road trips, but Young seems more than happy to play the villain.
At the end of the game, Young turned and waved to the Cleveland home crowd, before later tweeting a picture of the moment with the caption “Let. Em. Know.”
Asked about the hostile reception he received, Young smiled. “That’s OK, you see what jersey I got on,” he told NBA TV Live, lifting up his number 11 jersey.
“They tried a lot of the F-U chants too … I think they yelled them a little bit too early,” Young added.
Confidence is key
Though unhappy with how he started the game, Young admitted he relishes situations where his back is against the wall.
“It’s the imagination as a kid that comes out of me,” Young said. “It’s those moments that you dream of when the clock’s running down as a kid when you’re in the gym.
“In pressure moments, in big time games like this, you’re ready for them.”
Hawks coach Nate McMillan agreed, citing Young’s confidence as the key to his second-half flourish.
“Trae has a great deal of confidence in his game, his ability and he continued to believe,” McMillan told reporters.
“I didn’t see any panic in his play. He came out in the second half, remained aggressive. Those shots started to fall, the same shots that he was taking the first half, they started to fall in the second half,” he added.
In the other deciding play-in game, the New Orleans Pelicans triumphed 105-101 over the Los Angeles Clippers to clinch the eighth seed in the Western Conference playoffs.
Brandon Ingram scored a game-high 30 points to help book the Pelicans’ spot, their victory rewarded with a daunting match-up against the league’s best regular season team, the Phoenix Suns.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/2022/04/16/trae-youngs-second-half-blitz-steers-hawks-into-nba-playoffs/ | 2022-04-16T13:03:21Z |
US economy shrinks, threats loom, but growth likely to last
WASHINGTON (AP) — The U.S. economy shrank in the first three months of the year, and faces threats from high inflation and rising interest rates, yet economists foresee a return to growth for the rest of 2022 based on the strength of the job market and consumer spending.
The 1.4% quarterly decline in gross domestic product — the first contraction since the pandemic hit in 2020 -- is not likely a prelude to recession, economists say. That may bring little comfort to President Joe Biden and Democrats, who face mid-term elections this year in which rising prices for food, energy and other essentials will be a major theme of Republican opposition.
Two trends were key drivers of the U.S. economy’s decline last quarter, according to Thursday’s report from the Commerce Department:
— Imports soared nearly 20% as Americans spent heavily on foreign-made goods, while exports fell almost 6% as growth slowed overseas — a widening of the trade deficit that subtracted 3.2 percentage points from GDP.
— Businesses had built inventories aggressively ahead of last year’s holiday shopping season, when they feared pandemic-related supply shortages, so they restocked more slowly at the start of 2022, denting GDP by 0.8 percentage points.
As a result, first quarter GDP — the nation’s total output of goods and services — fell far below the 6.9% annual growth rate in the fourth quarter of 2021.
However, rising wages supported robust spending by households, and higher profits drove investment by companies. These factors suggest strong fundamentals for the U.S. economy, even in the face of challenges from the pandemic, the war in Ukraine and the Federal Reserve’s plans to raise interest rates to fight inflation.
“The report isn’t as worrisome as it looks,” said Lydia Boussour, lead U.S. economist at Oxford Economics. “The details point to an economy with solid underlying strength that demonstrated resilience in the face of Omicron, lingering supply constraints and high inflation.”
The U.S. economy is in an unusual and challenging position.
The job market — the most important pillar of the economy — remains robust, with the unemployment rate near a 50-year low of 3.6%, and wages rising steadily. And in the January-March quarter, businesses and consumers increased their spending at a 3.7% annual rate after adjusting for inflation.
Economists consider these trends a better gauge of the economy’s core strength than the latest GDP figure.
Still, serious threats have emerged. Supply chain disruptions in China and elsewhere are still a pandemic-era reality, and the war in Ukraine is contributing to higher inflation, which erodes consumers’ spending power. Last month, prices jumped 8.5% from a year earlier, the fastest such rise in four decades.
“We are at a turning point in the economy,” said Gregory Daco, chief economist at tax advisory firm EY-Parthenon. “The pace of growth is moderating.”
The first quarter’s weak showing contrasts with last year’s robust rebound from the pandemic, which was fueled in part by vast government aid and ultra-low interest rates. With stimulus checks and other government supports having ended, consumer spending has slowed from its blistering pace in the first half of last year.
Last quarter’s negative GDP number also undercuts a key political message of President Biden. The president has pointed to rapid growth as a counterpoint to soaring inflation. Compounding Biden’s difficulties, Russia’s invasion of Ukraine and rising COVID cases overseas are weighing on the economy and heightening inflation pressures. Many companies are also still struggling to obtain the parts and supplies they need from tangled supply chains.
The Plano, Texas-based burger chain MOOYAH faces higher costs for meat, buns and packaging supplies, and has raised wages to attract and keep workers.
“Just about every aspect of doing business has gotten significantly more expensive,” said Doug Willmarth, the company’s president.
Yet despite supply chain snags tied to the pandemic, MOOYAH still plans to open 20 more restaurants this year. “We are big believers in American consumers and the American economy,” he said.
Although imports surged in the first quarter, COVID lockdowns in China are likely to perpetuate supply shortages this year. Ford and General Motors said this week that they still can’t get all the computer chips they need, costing them sales and forcing temporary plant closures.
The global economy is expected to grow more slowly this year, according to the International Monetary Fund. It foresees the Ukraine war and COVID slowing global growth to 3.6% this year, down from 6.1% last year.
Thursday’s GDP report showed that consumers are adjusting their spending patterns as the pandemic fades and as higher costs for food and gas eat into household budgets. Adjusting for inflation, spending on clothes, gasoline, and groceries fell in the first quarter. But Americans spent more on services, including travel and dining out.
The Fed had hoped that such a shift would bring down inflation, as goods prices have shot up more than services in the past year. But now prices for airline tickets, hotels, and restaurant meals are also rising.
Fed Chair Jerome Powell has signaled plans for a rapid series of rate increases to combat higher prices. The Fed is set to raise its key short-term rate by a half-percentage point next week, the first hike that large since 2000. At least two more half-point increases – twice the more typical quarter-point hike -- are expected at subsequent Fed meetings. They would amount to one of the fastest series of Fed rate hikes in decades.
Powell is betting that with job openings at near-record levels, consumer spending healthy and unemployment unusually low, the Fed can slow the economy enough to tame inflation without causing a recession. Whether the Fed can pull that off is one of the major tests for the U.S. economy in 2022.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/04/28/us-economy-shrank-by-14-q1-consumers-kept-spending/ | 2022-04-30T03:23:24Z |
Man gets 2 years for using twin’s ID for veterans benefits
JACKSONVILLE, Fla. (AP) — A Florida man was sentenced Tuesday to two years in federal prison for using his twin brother’s stolen identity to obtain tens of thousands of dollars in military veterans benefits.
Wayne Bowen, 64, was sentenced in Jacksonville federal court, according to court records. He pleaded guilty in January to aggravated identity theft. He must also pay $63,773 in restitution.
According to a plea agreement, Bowen used the name, Social Security card and military discharge papers of his estranged twin brother in 2014 to apply for federally subsidized housing benefits intended for indigent military veterans. The program was administered by the U.S. Department of Veterans Affairs and the U.S. Department of Housing and Urban Development.
Bowen admitted to federal agents that he had been using his brother’s identity for years, prosecutors said. Bowen had obtained a Florida identification card using his
Based on Bowen’s fraudulent use of his brother’s identity, the VA provided him with $32,434 in medical services, HUD provided him with $18,905 in housing subsidies, and the U.S. Department of Agriculture funded $12,434 in nutritional benefits for him, officials said. Bowen’s twin, who lives in another state, confirmed that he didn’t apply for any of the benefits and that he never gave Bowen permission to use his name.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/04/26/man-gets-2-years-using-twins-id-veterans-benefits/ | 2022-04-28T12:08:49Z |
The new Vice President, Region Development will oversee operations for RE/MAX in 15 western U.S. states
DENVER , April 11, 2022 /PRNewswire/ -- RE/MAX, LLC, one of the world's leading franchisors of real estate brokerage services, today announced the hiring of Ben Fairfield as Vice President, Region Development for the West Region.
Fairfield has over 16 years of wide-ranging experience in the real estate industry, most recently having launched and built the SUCCESS Coaching program for SUCCESS Enterprises, a subsidiary of eXp World Holdings, Inc. Previously, Fairfield served as the Director of Expansion and Sales at United Home Group growing operations in over 20 states with more than 90 offices. He also served as CEO of Keller Williams Realty Coeur D'Alene, where he led the brokerage to a 334% increase in sales and grew agent count by 103%. Earlier, he was Sales Manager of Century 21 Beutler & Associates, where he built the largest Century 21 office in the world out of over 8,400 offices at the time.
A licensed broker with experience navigating the ups and downs of the housing market, Fairfield knows what resources agents and brokers need to be successful. In his new role with RE/MAX, LLC, Fairfield will oversee regional operations in the company's West Region, working with franchisees to drive growth and success in 15 states from Hawaii to the Dakotas. His primary focus will be to help RE/MAX franchisees leverage the power of the brand to grow their brokerages and the network.
"With his years of experience of helping agents increase productivity and brokers scale their businesses, Ben is a fantastic addition to the leadership team here at RE/MAX, LLC. He knows how to inspire, how to help brokerages grow, and what is needed to support successful real estate offices," says Amy Lessinger, Senior Vice President, Region Development. "Ben brings a wealth of knowledge about the franchise system and most importantly, a history of success in helping business owners achieve their goals."
Having served various leadership roles at other real estate companies, Fairfield noted he was drawn to RE/MAX for the strength and consistency of the brand.
"RE/MAX has a solid track record of success. A lot of other brands are the new kid on the block, but I've seen a lot of companies hit metrics right away and then aren't around five, 10 years after they started. RE/MAX hasn't wavered," he said. "They've evolved but kept their identity along the way, and that's really what impressed me and drew me to take the next step in my career with this brand. I'm excited to be a part of the RE/MAX growth story and its next chapter."
As one of the leading global real estate franchisors, RE/MAX, LLC is a subsidiary of RE/MAX Holdings (NYSE: RMAX) with more than 140,000 agents in almost 9,000 offices and a presence in more than 110 countries and territories. Nobody in the world sells more real estate than RE/MAX, as measured by residential transaction sides. RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. RE/MAX agents have lived, worked and served in their local communities for decades, raising millions of dollars every year for Children's Miracle Network Hospitals® and other charities. To learn more about RE/MAX, to search home listings or find an agent in your community, please visit www.remax.com. For the latest news about RE/MAX, please visit news.remax.com.
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SOURCE RE/MAX, LLC | https://www.kxii.com/prnewswire/2022/04/11/esteemed-real-estate-coach-joins-remax-llc-regional-growth-leader/ | 2022-04-11T16:17:10Z |
KYIV, Ukraine (AP) — As Russia’s invasion of Ukraine grinds into its fourth month, officials in Kyiv have expressed fears that the specter of “war fatigue” could erode the West’s resolve to help the country push back Moscow’s aggression.
The U.S. and its allies have given billions of dollars in weaponry to Ukraine. Europe has taken in millions of people displaced by the war. And there has been unprecedented unity in post-World War II Europe in imposing sanctions on President Vladimir Putin and his country.
But as the shock of the Feb. 24 invasion subsides, analysts say the Kremlin could exploit a dragged-out, entrenched conflict and possible waning interest among Western powers that might lead to pressuring Ukraine into a settlement.
Ukrainian President Volodymyr Zelenskyy already has chafed at Western suggestions he should accept some sort of compromise. Ukraine, he said, would decide its own terms for peace.
“The fatigue is growing, people want some kind of outcome (that is beneficial) for themselves, and we want (another) outcome for ourselves,” he said.
An Italian peace proposal was dismissed, and French President Emmanuel Macron was met with an angry backlash after he was quoted as saying that although Putin’s invasion was a “historic error,” world powers shouldn’t “humiliate Russia, so when the fighting stops, we can build a way out together via diplomatic paths.” Ukrainian Foreign Minister Dmytro Kuleba said such talk “can only humiliate France and every other country that would call for it.”
Even a remark by former U.S. Secretary of State Henry Kissinger that Ukraine should consider territorial concessions drew a retort from Zelenskyy that it was tantamount to European powers in 1938 letting Nazi Germany claim parts of Czechoslovakia to curb Adolf Hitler’s aggression.
Kyiv wants to push Russia out of the newly captured areas in eastern and southern Ukraine, as well as retaking Crimea, which Moscow annexed in 2014, and parts of the Donbas under control of Kremlin-backed separatists for the past eight years.
Every month of the war is costing Ukraine $5 billion, said Volodymyr Fesenko, political analyst with the Penta Center think tank, and that “makes Kyiv dependent on the consolidated position of the Western countries.”
Ukraine will need even more advanced weaponry to secure victory, along with Western determination to keep up the economic pain on Russia to weaken Moscow.
“It is obvious that Russia is determined to wear down the West and is now building its strategy on the assumption that Western countries will get tired and gradually begin to change their militant rhetoric to a more accommodating one,” Fesenko said in an interview with The Associated Press.
The war still gets prominent coverage in both the United States and Europe, which have been horrified by images of the deaths of Ukrainian civilians in the biggest fighting on the continent since World War II.
The U.S. continues to help Ukraine, with President Joe Biden saying last week that Washington will provide it with advanced rocket systems and munitions that will enable it to more precisely strike key targets on the battlefield.
In a New York Times essay on May 31, Biden said, “I will not pressure the Ukrainian government — in private or public — to make any territorial concessions.”
Germany, which had faced criticism from Kyiv and elsewhere for perceived hesitancy, has pledged its most modern air defense systems yet.
“There has been nothing like it, even in the Cold War when the Soviet Union appeared most threatening,” said Nigel Gould-Davies, senior fellow for Russia and Eurasia at the International Institute for Strategic Studies.
While he doesn’t see a significant erosion in the “emphatic support for Ukraine,” Gould-Davies said “there are hints of different tensions over what the West’s goals should be. Those have not yet been clearly defined.”
Europe’s domestic concerns are nudging their way into the discourse, especially as energy prices and raw materials shortages start to take an economic toll on ordinary people who are facing higher electricity bills, fuel costs and grocery prices.
While European leaders hailed the decision to block 90% of Russian oil exports by the end of the year as “a complete success,” it took four weeks of negotiations and included a concession allowing Hungary, widely seen as the Kremlin’s closest EU ally, to continue imports. Weeks more of political fine-tuning are required.
“It shows that unity in Europe is declining a bit on the Russian invasion,’’ said Matteo Villa, an analyst with the ISPI think tank in Milan. “There is this kind of fatigue setting in among member states on finding new ways to sanction Russia, and clearly within the European Union, there are some countries that are less and less willing to go on with sanctions.’’
Wary of the economic impact of further energy sanctions, the European Commission has signaled it won’t rush to propose fresh restrictive measures targeting Russian gas. EU lawmakers are also appealing for financial aid for citizens hit by heating and fuel price hikes to ensure that public support for Ukraine doesn’t wane.
Italy’s right-wing leader Matteo Salvini, who has been seen as close to Moscow, told foreign journalists this week that Italians are ready to make sacrifices, and that his League supports the sanctions against Russia.
But he indicated that backing is not unlimited, amid signs the trade balance under sanctions has shifted in Moscow’s favor, hurting small business owners in northern Italy who are part of his base.
“Italians are very available to make personal economic sacrifices to support Ukraine’s defense and arrive at a cease-fire,’’ Salvini said.
“What I would not like is to find us back here in September, after three months with the conflict still ongoing. If that is the case, it will be a disaster for Italy. Beyond the deaths, and saving lives, which is the priority, economically, for Italy, if the war goes on, it will be a disaster,” he said.
____
Barry reported from Milan. Angela Charlton in Paris, Lorne Cook in Brussels, Justin Spike in Budapest, Hungary, and Aya Batrawy in Dubai contributed.
___
Follow AP’s coverage of the Ukraine war at https://apnews.com/hub/russia-ukraine | https://cw33.com/news/international/ap-international/ukraine-fears-a-long-war-might-cause-west-to-lose-interest/ | 2022-06-10T20:43:12Z |
GREENFIELD, Wis., July 29, 2022 /PRNewswire/ -- 1895 Bancorp of Wisconsin, Inc. ("the "Company") (NASDAQ Capital Market: BCOW), the holding company for PyraMax Bank, FSB, announced that it has adopted a stock repurchase program for up to 5% of its outstanding common stock. This is the Company's first stock repurchase program since completing its second step reorganization and related stock offering in July 2021, and is subject to regulatory non-objection.
Repurchases are expected to commence after the Company publicly releases its results of operations for the period ended June 30, 2022. Shares may be repurchased in open market or private transactions, through block trades, or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission. The repurchase program has no expiration date.
Repurchases will be made at management's discretion at prices management considers to be attractive and in the best interests of the Company and its stockholders, subject to the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and the Company's financial performance. Open market purchases will be subject to the limitations set forth in Rule 10b-18 of the Securities and Exchange Commission and other applicable legal requirements.
The timing and amount of share repurchases under this authorization may be suspended, terminated or modified by the Company at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The Company is not obligated to repurchase any particular number of shares or any shares in any specific time period.
Certain statements herein constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by words such as "believes," "will," "expects," "project," "may," "could," "developments," "strategic," "launching," "opportunities," "anticipates," "estimates," "intends," "plans," "targets" and similar expressions. These statements are based upon the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause such differences to exist include, but are not limited to, general economic conditions, changes in interest rates, regulatory considerations, and competition and the other risks described in the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission. Should one or more of these risks materialize or should underlying beliefs or assumptions prove incorrect, the Company's actual results could differ materially from those discussed. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Forward-looking statements speak only as of the date they are made, and we assume no obligation to update any of these statements in light of new information, future events or otherwise unless required under federal securities laws.
Contact: Richard B. Hurd
Telephone: (414) 421-8200
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SOURCE PyraMax Bank / 1895 Bancorp of Wisconsin, Inc. | https://www.wibw.com/prnewswire/2022/07/29/1895-bancorp-wisconsin-inc-announces-adoption-repurchase-program/ | 2022-07-29T21:02:44Z |
Which heated socks are best?
Keeping your hands and feet warm is always a challenge in cold weather. If you’ve found the perfect pair of gloves, it may be time to invest in some heated socks to make sure your feet stay as warm as your hands when temperatures drop.
Heated socks come with all sorts of features. If you’re looking for a waterproof pair with a remote control, the Dr. Warm Wireless Heated Socks are top-notch.
What to know before you buy heated socks
Uses
Heated socks are suitable for activities that require spending long periods outdoors. These include:
- Winter sports, such as skiing and snowboarding
- Hiking
- Camping
- Hunting
- Fishing
- Outdoor work, such as landscaping and construction
- Motorcycle riding
You can also wear them around the house to help with circulation issues that can leave your feet feeling cold. Heat from the socks temporarily increases blood flow to your feet, so you feel more comfortable.
Power source
Most heated socks are powered by batteries. Some include replaceable batteries, so you can wear them right away. It’s important to choose socks that use batteries you can easily find replacements for, in stores or online.
Other heated socks use rechargeable batteries. They come with a charger, so you can easily recharge them when they run out of power. The battery life varies, so you’ll want to compare to see how long you can go between charges.
You can also find heated socks that don’t use batteries. Instead, they have pockets for disposable warmers, similar to those you might use to warm your hands. These socks are the most affordable, but they can’t warm your feet as long as battery-powered ones. You’ll also have to buy replacement warmers regularly.
Washing instructions
Washing regular socks is easy, but you have to take more care with heated pairs. Many are machine-washable, but you have to take off the battery pack before throwing them in the washer. Pairs with a snap-off battery pack are usually the easiest to wash. Some heated socks require hand-washing, though. You’ll have to air dry the socks, too, because no heated socks are dryer safe.
What to look for in quality heated socks
Material
Look for a pair made of a breathable material that dries quickly. Cotton is a poor fabric for heated socks because it stays wet for a long time. Merino wool, synthetic materials and fabric blends are better because they dry quickly and help move moisture away from the skin.
Adjustability
Many heated socks offer multiple temperature options. They often come with a remote, so you can adjust the settings without fussing with the battery pack.
Adjustable heated socks usually have low, medium and high temperature settings, but you might not notice much difference if the heating element doesn’t run along the bottom of the entire sock. Look for a pair with heating coverage in both the soles and toes.
Waterproof
If you plan to wear your socks indoors, a waterproof design isn’t necessary. However, if you’re wearing them outdoors, it helps to choose a pair that can survive exposure to moisture. These feature a waterproof protector for the heating element, so you don’t have to worry about damage if you wear them in snow or for activities such as fishing.
Fit
For heated socks to be comfortable, they must offer the right fit. They should fit snugly without being so tight that they affect your circulation. They shouldn’t slide around on your feet, but shouldn’t pinch your skin, either.
Bluetooth connectivity
Rather than using a remote to control your socks, some pairs offer Bluetooth connectivity. That means you can adjust settings and monitor the battery life via an app on your smartphone. These socks are usually fairly pricey, though.
Compression
In addition to heat, some socks also have a medical-grade compression design, boosting blood flow to your feet to help with circulation. This can be helpful for people with diabetes, Raynaud’s disease or other health issues that affect circulation.
Auto-shutoff
Many heated socks offer extra features to ensure safe operation. You can find some that have auto-shutoff, so the heating element turns itself off after a certain period or when a set temperature is reached.
How much you can expect to spend on heated socks
Heated socks usually cost $20-$200. Budget-friendly pairs with disposable warmers typically go for $20-$40, but you’ll pay at least $45 for socks that run on batteries. However, for pairs with special features, such as Bluetooth connectivity, expect to spend $100-$200.
Heated socks FAQ
Are heated socks safe to wear?
A. Like other heated apparel, heated socks run on low voltage, so there’s not much chance of getting shocked. In addition, they usually have a safety shutoff to turn off the heating mechanism if there’s a problem with the element.
Can I wear heated socks for running, cycling and other high-intensity workouts?
A. Heated socks usually aren’t comfortable enough to wear for activities such as running and biking. They work better when you’re more likely to stay relatively stationary, including for fishing and hunting.
What are the best heated socks to buy?
Top heated socks
Dr. Warm Wireless Heated Socks
What you need to know: These have a waterproof heating element and a remote control, making them durable and easy to use.
What you’ll love: Their stretchy cotton material is extremely comfortable. The battery compartment is secure, so it won’t come loose, and the wire cover is waterproof for improved safety. They offer three heat settings between 113 and 149 degrees.
What you should consider: Some reviewers say they can be tight in spots.
Where to buy: Sold by Amazon
Top heated socks for the money
What you need to know: They’re comfortable but still offer adjustable heat options and a rechargeable battery for easy operation.
What you’ll love: These cotton socks are insulated and feature three temperature settings, reaching a high temperature of 122 degrees. The battery can run for 6.5 hours per charge, and they’re machine-washable.
What you should consider: The sizes can run a little short.
Where to buy: Sold by Amazon
Worth checking out
Rabbitroom Unisex Rechargeable Battery Electric Heated Socks Kit
What you need to know: They come at an attractive price and still offer plenty of convenient features.
What you’ll love: They’re comfortable and have a unisex design in a thick cotton/polyester/spandex blend. They have three temperature settings. The battery typically runs for 6 hours per charge on the lowest setting.
What you should consider: You have to wash them by hand.
Where to buy: Sold by Amazon
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/apparel-br/loungewear-undergarments-br/best-heated-socks/ | 2022-04-27T13:42:05Z |
NEW YORK, June 9, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Oscar Health, Inc. ("Oscar" or the "Company") (NYSE: OSCR) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Oscar investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons and entities that purchased or otherwise acquired Oscar Class A common stock pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company's March 2021 initial public offering. Follow the link below to get more information and be contacted by a member of our team:
OSCR investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) Oscar was experiencing growing COVID-19 testing and treatment costs; (2) Oscar was experiencing growing net COVID costs; (3) Oscar would be negatively impacted by an unfavorable prior year Risk Adjustment Data Validation result relating to 2019 and 2020; (4) Oscar was on track to be negatively impacted by significant SEP membership growth; and (5) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
WHAT'S NEXT? If you suffered a loss in Oscar during the relevant time frame, you have until July 11, 2022 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.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP | https://www.mysuncoast.com/prnewswire/2022/06/09/oscr-lawsuit-alert-levi-amp-korsinsky-notifies-oscar-health-inc-investors-class-action-lawsuit-upcoming-deadline/ | 2022-06-09T11:08:47Z |
Transaction Expected to Close on July 20, 2022
SCOTTSDALE, Ariz., July 15, 2022 /PRNewswire/ -- Healthcare Trust of America, Inc. (NYSE: HTA) ("Healthcare Trust of America" or "HTA") today announced that, based on a preliminary vote count, its stockholders have approved the previously announced combination with Healthcare Realty Trust Incorporated ("HR") at today's Special Meeting of Stockholders ("Special Meeting").
In a separate special meeting of stockholders held today, based on a preliminary vote count, HR stockholders also voted to approve the merger.
"We are pleased that HTA's and HR's stockholders support our companies' transformative combination, which will create the preeminent, pure-play medical office building REIT, with the governance, management, assets and resources to more effectively compete and deliver sustainable value creation," stated Brad Blair, Chairman of the Board, Healthcare Trust of America.
The transaction is expected to close on July 20, 2022. HTA stockholders will receive a special cash dividend of $4.82 per share and a transaction exchange ratio of 1:1 based on HR's unaffected price of $30.26 on February 24, 2022.
Final voting results for the HTA and HR special meetings will be disclosed on Form 8-Ks filed by the companies with the Securities and Exchange Commission.
J.P. Morgan Securities LLC is acting as exclusive financial advisor and McDermott Will & Emery LLP is acting as legal advisor to Healthcare Trust of America.
About Healthcare Trust of America, Inc.
Healthcare Trust of America, Inc. (NYSE: HTA) is the largest dedicated owner and operator of medical office buildings in the United States, with assets comprising approximately 26.0 million square feet of gross leasable area, and with $7.8 billion invested primarily in medical office buildings, as of March 31, 2022. HTA provides real estate infrastructure for the integrated delivery of healthcare services in highly-desirable locations. Investments are targeted to build critical mass in 20 to 25 leading gateway markets that generally have leading university and medical institutions, which generally translates to superior demographics, highly-educated graduates, intellectual talent and job growth. The strategic markets HTA invests in support a strong, long-term demand for quality medical office space. HTA utilizes an integrated asset management platform consisting of on-site leasing, property management, engineering and building services, and development capabilities to create complete, state of the art facilities in each market. We believe this drives efficiencies, strong tenant and health system relationships, and strategic partnerships that result in high levels of tenant retention, rental growth and long-term value creation. Headquartered in Scottsdale, Arizona, HTA has developed a national brand with dedicated relationships at the local level. Founded in 2006 and listed on the New York Stock Exchange in 2012, HTA has produced attractive returns for its stockholders that have outperformed the US REIT index, since inception. More information about HTA can be found on the Company's website (www.htareit.com), Facebook, LinkedIn and Twitter.
Forward-Looking Language
This press release contains certain forward-looking statements with respect to HTA. Forward-looking statements are statements that are not descriptions of historical facts and include statements regarding management's intentions, beliefs, expectations, plans or predictions of the future, 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. Because such statements include risks, uncertainties and contingencies, actual results may differ materially and in adverse ways from those expressed or implied by such forward-looking statements. These risks, uncertainties and contingencies include, without limitation, the following: HTA's ability to consummate the merger (the "Merger") with HR on the proposed terms or on the anticipated timeline, or at all, including risks and uncertainties related to satisfaction of the closing conditions to consummate the Merger; the occurrence of any event, change or other circumstance that could give rise to the termination of the definitive merger agreement relating to the Merger; risks related to diverting the attention of HTA and HR management from ongoing business operations; failure to realize the expected benefits of the Merger; significant transaction costs and/or unknown or inestimable liabilities; risks associated with stockholder litigation in connection with the Merger, including resulting expense or delay; the risk that HTA's business will not be integrated successfully or that such integration may be more difficult, time-consuming or costly than expected; the ability to obtain the expected financing to consummate the Merger; risks related to future opportunities and plans for HTA, including the uncertainty of expected future financial performance and results of the combined company following completion of the Merger; effects relating to the announcement of the proposed transaction or any further announcements or the consummation of the Merger on the market price of HTA's or HR's common stock; the possibility that, if the combined company does not achieve the perceived benefits of the Merger as rapidly or to the extent anticipated by financial analysts or investors, the market price of HTA's common stock could decline; general adverse economic and local real estate conditions; changes in economic conditions generally and the real estate market specifically; legislative and regulatory changes, including changes to laws governing the taxation of REITs and changes to laws governing the healthcare industry; the availability of capital; changes in interest rates; competition in the real estate industry; the supply and demand for operating properties in HTA's proposed market areas; changes in accounting principles generally accepted in the US; policies and guidelines applicable to REITs; the availability of properties to acquire; the availability of financing; pandemics and other health concerns, and the measures intended to prevent their spread, including the currently ongoing COVID-19 pandemic; and the potential material adverse effect these matters may have on HTA's business, results of operations, cash flows and financial condition. Additional information concerning HTA and its business, including additional factors that could materially and adversely affect HTA's financial results, include, without limitation, the risks described under Part I, Item 1A – Risk Factors, in HTA's 2021 Annual Report on Form 10-K and in HTA's other filings with the Securities and Exchange Commission.
Contacts
Financial Contact:
Robert A. Milligan
Chief Financial Officer
480.998.3478
Media Contact:
Andrew Siegel / Joseph Sala
Joele Frank, Wilkinson Brimmer Katcher
212.355.4449
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SOURCE Healthcare Trust of America, Inc. | https://www.kxii.com/prnewswire/2022/07/15/healthcare-trust-america-stockholders-approve-merger-with-healthcare-realty/ | 2022-07-15T19:49:31Z |
(NEXSTAR) – The Easter bunny will have the light of a full moon to hop by on Saturday as the Pink Moon rises on April 16.
This month’s full moon goes by many names, according to NASA. Native Americans named it the Pink Moon after the herb moss pink – one of the earliest widespread flowers of spring, found throughout the eastern U.S. Herb moss pink itself goes by several names – creeping phlox, moss phlox and mountain phlox.
Other names for the moon include nods to its springtime rise: the Sprouting Grass Moon, the Egg Moon, and the Fish Moon.
April’s full moon also has names with religious roots, such as the Pesach or Passover Moon, because Passover begins at sundown the day before, and the Paschal Moon, “from which the date of Easter is calculated,” NASA explains.
“The date of Easter is determined by the moon. Easter always falls on the first Sunday after the first full moon after the vernal equinox,” Kim Mandelkow, director of the Office for Worship with the Archdiocese of Milwaukee, told Nexstar. Saturday’s full moon fits the bill.
Saturday morning, as twilight begins, NASA says four planets will be visible above the east-southeastern horizon: Mars, Venus, Saturn, and Jupiter.
Last year’s Pink Moon was the biggest and brightest of 2021, causing astronomers to dub it a “supermoon.” To reach supermoon status, the moon must be within 90% of perigee, or at one of the closest points to Earth we see.
The next full moon, the Flower Moon, will rise on May 15. Skywatchers will have an extra surprise that day as well – a total lunar eclipse. | https://cw33.com/news/full-pink-moon-to-dazzle-the-night-sky-ahead-of-easter/ | 2022-04-14T12:45:19Z |
NASHVILLE, Tenn. , June 13, 2022 /PRNewswire/ -- Fiber Connect 2022, Booth 205, OFS is pleased to announce the expansion of its popular rollable ribbon product portfolio with the release of the new PowerGuide® AccuTube+® RR ADSS cable solution.
With product availability up to 864 fibers, the PowerGuide® AccuTube+ RR ADSS cable is a totally dry, ribbon in loose tube cable construction offering twice the fiber density of comparable, standard flat ribbon cable designs. The PowerGuide® AccuTube+ RR is a totally gel-free double jacket ADSS design optimized for high density distribution networks and FTTH deployments utilizing self-support aerial cables or aerial to underground transition installations. With one of the highest fiber counts of any ADSS cable per cable area, the PowerGuide® AccuTube+ RR delivers increased carrying capacity and easy mass fusion splicing to meet the demands of today's high-growth, high-bandwidth networks.
The totally gel-free PowerGuide® AccuTube+ RR ribbon in loose tube construction offers the following benefits as an effect of removing gels from traditional ribbon ADSS designs:
- Enables savings on installation time and labor costs. Field technicians can experience up to 80% time reduction for cable end prep when compared to gel-filled flat ribbon constructions.
- Allows faster splicing with higher first pass yields due to cleaner work environment and mass fusion splicing ability.
- Significantly lowers overall cable weight and diameter for easier handling and lower operation tensions on poles.
"In response to customer demand for expansion of the rollable ribbon technology in ADSS solutions, OFS is excited to include this product into our PowerGuide® solutions portfolio," said Brian Maxwell, Outside Plant Cable Product Manager.
OFS Rollable Ribbon cables feature a unique ribbon structure featuring 12 individual 250 micron fibers which are partially bonded at predetermined intervals to form a very flexible ribbon, allowing the ribbons to be rolled into very tight bundles, doubling the fiber density of a cable. When accessed in the cable, these fibers behave much like a traditional flat ribbon that allows highly efficient mass fusion splicing using existing flat ribbon splice equipment and procedures. Individual fibers may also be accessed easily for single fiber splicing efforts.
The new PowerGuide® AccuTube+ RR products will be featured at Fiber Connect 2022 at the Gaylord Convention Center, Nashville, TN, June 12-15, or contact your OFS representative for more information.
OFS is a world-leading designer, manufacturer and provider of optical fiber, fiber optic cable, connectivity, fiber-to-the-subscriber (FTTx) and specialty fiber optic products. We put our development and manufacturing resources to work creating solutions for applications in such areas as telecommunications, medicine, industrial networking, sensing, aerospace, defense, and energy. We provide reliable, cost-effective fiber optic solutions that help our customers meet the needs of consumers and businesses today and into the future.
Headquartered in Norcross (near Atlanta) Georgia, U.S.A., OFS is a global provider with facilities in several countries worldwide. OFS is part of Furukawa Electric Group, a multi-billion-dollar leader in optical communications.
Please visit www.ofsoptics.com/.
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SOURCE OFS | https://www.mysuncoast.com/prnewswire/2022/06/13/ofs-expands-accutube-rr-product-family-featuring-rollable-ribbon-include-an-all-dielectric-self-supporting-adss-cable-solution/ | 2022-06-13T19:09:46Z |
The National Security Innovation Network Propel program enables commercial startups with emerging technologies to solve real-world problems for the Department of Defense
NEW YORK, July 12, 2022 /PRNewswire/ -- Decisive Point and Newlab today announced the cohort of companies selected to participate in the NSIN Propel program. In partnership with the National Security Innovation Network (NSIN) and the Air Force Research Laboratory (AFRL), the NSIN Propel program enables the development of next-generation applications of emerging technology for government, defense, and space.
Located at Newlab's 84,000 sqft flagship location in the Brooklyn Navy Yard, the program helps early-stage companies succeed in finding pathways to enter and scale their technologies in the federal market. The four-month acceleration program provides product development resources, access to a network of advisors and investors, and opportunities for direct engagement with the Air Force Research Laboratory and broader DoD community.
During NSIN Propel, the cohort companies will iterate on proofs of concept for national security applications of their advanced computing, 5G and connectivity, and space and AI/ML technologies. The program culminates in a demo day event with the end goal of attracting investment from trusted private capital and government end-users seeking further engagement with the cohort. Companies from last year's cohort have secured more than $9.3M in government funding for research and development and more than $45M in private capital investment since joining the NSIN Propel network a year ago.
"This initiative brings together Decisive Point's expertise in national security and Newlab's experience facilitating transformative innovation to enable new, dual-use technology solutions with potentially significant implications for government, defense, and space," said Satish Rao, CPO of Newlab.
The following companies were selected to participate in the 2022 NSIN Propel cohort:
- Allosense
- BlueSpace.ai
- Distributed Spectrum
- Ditto
- Heights Labs
- InfraLytiks
- Lucy
- Nebula Compute
- NeuTigers
- Notch
- PeakMetrics
- RadiantNano
- SCOUT
- Sentenai
- Shabodi
Decisive Point is a venture capital firm investing in deep-tech innovations for security, health, energy, and infrastructure. Decisive Point's mission is to solve tough problems that matter, supporting mission-driven startups and amplifying our investments with public R&D funding.
Newlab advances technologies that support the health of the planet. Newlab acts as a facilitator, connector, and translator for its community of experts and innovators, helping to build, test, and scale world-changing ideas through investment, venture building, and structured collaboration with industry and government partners.
The National Security Innovation Network (NSIN) is a program of the U.S. Department of Defense that collaborates with major universities and the venture community to develop solutions that drive national security innovation. NSIN operates three portfolios of programs and services: National Service, Collaboration, and Acceleration.
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SOURCE Decisive Point Group, LLC | https://www.wibw.com/prnewswire/2022/07/12/announcing-newest-cohort-startups-solving-national-security-challenges-new-york-city/ | 2022-07-12T18:05:28Z |
The company has been recognized by both the IPA and the BCI Asia Awards in 2022
HANOI, Vietnam, June 23, 2022 /PRNewswire/ -- The Flamingo Holding Group (Flamingo Group), a key player in the real estate arena both in Vietnam and around the world, has emerged as the winners of two vital categories at the prestigious International Property Awards (IPA) 2022. The Flamingo Group is also the only Vietnamese enterprise to be awarded a pair of wins at the BCI Asia Awards 2022.
At the IPA 2022 June 23 event in London, the Flamingo Group surpassed hundreds of prestigious real estate developers worldwide. It came out on top as the project with the best landscape architecture in the Asia Pacific and the best complex architecture in the Asia Pacific for the Flamingo Hai Tien located in Thanh Hoa, an investment hotspot in Vietnam.
Tasked with innovating on the luxury resort real estate model, Flamingo Group received high praise from the professional judges for its green architecture and unique "Forest in the Sky" style. In addition, the Flamingo Hai Tien project was developed according to the model of Ibiza - the largest party island in the world - with the result of a paradise of villas and plenty of entertainment and food options stretching for kilometers.
Established in the UK with nearly 30 years of operation, the IPA is considered one of the most prestigious annual real estate awards on the planet and is often indicative of a guarantee of excellent quality in global real estate.
"In addition to the sustainable profit factor and towards the highest standard of a 5-star resort, Flamingo's design is also associated with the everlasting philosophy with nature. We apply this philosophy in architectural design, green space renovation, and application of green technology in operation, bringing the difference and portraying the "Flamingo identity" in our customer's and partners' hearts." shared Mr. Truong Xuan Quy, General Director of Flamingo Land Business JSC, a subsidiary of Flamingo Group.
"Projects in Dai Lai - Vinh Phuc, Cat Ba - Hai Phong, Hai Tien - Thanh Hoa will all have the fastest access to the rigorous standards of world-renowned 5-star resorts," he added.
The BCI Asia Awards have been held annually since 2005, where the BCI Media Group and its judges help provide an overview of the architecture and construction industry in the region by recognizing the various architects & developers. They have had a significant impact on the Vietnamese market.
About Flamingo Group
Established in 1996, Flamingo Group has constantly been developing with exponential growth in many industries: leisure, real estate, tourism, hospitality services, construction, architecture, etc.
Motivated by an ambitious desire for Vietnamese brands to achieve international reach with world-class products and services, Flamingo Group is now recognized as a leading leisure realty and hospitality developer in Vietnam and the surrounding region, with a series of renowned projects and a hall of fame including 65 prestigious national and global awards.
More information on the Flamingo Group can be found at the company's website: https://flamingoholdinggroup.vn/.
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SOURCE Flamingo Group | https://www.kxii.com/prnewswire/2022/06/24/vietnams-flamingo-group-wins-big-prestigious-international-real-estate-awards/ | 2022-06-24T01:18:15Z |
PITTSBURGH, May 18, 2022 /PRNewswire/ -- "I wanted to help elderly folks that have a hard time getting around have a safe and comfortable place to sit and relax," said the inventor from Bakersfield, Calif. "I created this invention to help provide all of the necessities in one sitting unit that an individual might need while they are relaxing, watching movies or sporting events."
He invented the ENTERTAINMENT SYSTEM to help fulfill the need for an improved chair or couch which would contain a vast array of features. The unit could be positioned manually or electronically to suit the user's comfort in height and distance. The user's would not have to leave the comfort of the couch when thirsty and would no longer need separate table trays. Additionally, this could provide convenience for sports enthusiasts and gamers by saving them a trip to the kitchen.
The original design was submitted to the National sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-AUP-1193, 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.
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SOURCE InventHelp | https://www.mysuncoast.com/prnewswire/2022/05/18/inventhelp-presents-ultimate-entertainment-couch-aup-1193/ | 2022-05-18T16:31:08Z |
Matchbook joins Powered by Snowflake program to accelerate enablement of data for faster decision-making
- Matchbook AI delivers accurate, actionable data in real time
- Matchbook AI illuminates data to help businesses make better and faster decisions, with algorithms that automate efficiencies and processes
- Matchbook AI goes beyond data mastering to cleanse, match, enrich and standardize, as well as mitigate risks with effective trade compliance and monitoring
SANTA MONICA, Calif., June 14, 2022 /PRNewswire/ -- Matchbook AI is expanding its transformational Reference Data as a Service platform that delivers accurate and actionable data on demand for companies that struggle with the ongoing pain of disparate and low-quality data. Matchbook AI's platform provides a just-in-time data smart solution for business intelligence that resides between the customer's enterprise data systems and external reference data sources. The Matchbook AI platform is now powered by Snowflake, the Data Cloud company, fueling joint customers with intelligent data for near real time decision-making and managed data that can be shared across enterprises.
How the Matchbook AI platform works:
The Matchbook AI platform enables real-time access to actionable information and insights at every level of the organization. Matchbook AI accelerates decision-making by connecting enterprise systems and processes, whether it be vendor, procurement, supply chain, marketing, finance, or customers' data, and integrating it with commercial reference data.
Matchbook joins the Powered by Snowflake program
Joining the Powered by Snowflake program in March 2022, Matchbook AI is continuing to refine and improve its trusted data for business intelligence with the Snowflake Data Cloud. Snowflake's platform complements Matchbook AI's strategic decision-making mission, extending the benefit of an architecture designed to deliver incredibly fast querying times at scale to joint customers. In addition, it ensures near-zero maintenance while enabling outcomes with secure near-instant seamless sharing of live data.
"With the Powered by Snowflake program, we can accelerate time to market, deliver a better customer experience, and improve operational efficiency by leveraging the speed, scale, and performance of Snowflake's platform," says Rushabh Mehta, founder and CEO of Matchbook AI. "Our customers represent global leaders from across industries. They have sought out Matchbook to solve complex data problems and get a better data experience, faster queries and trusted outcomes they can act on in real time."
Regulatory compliance through trusted data
Global regulatory compliance is also an important part of the data journey, with billions lost to non-compliance fines each year. From data management to global regulatory requirements, Matchbook AI's Sentinel product enables companies with CDM, vendor onboarding, financial risk, AML / OFAC, Data Management needs.
Customer success:
Prior to using Matchbook AI, one of the leading commercial insurance providers in North America experienced significant delays in accessing accurate risk information for timely decisions and did not have insights into the changing risk profile of their portfolio. Leveraging Matchbook AI, the insurer now accesses and mitigates risks at the point of underwriting while monitoring in near-real time changes to risk across their commercial portfolio.
Visit Matchbook AI at Snowflake Summit June 13-16
Matchbook AI is proud to be a sponsor of Snowflake Summit 2022, live in Las Vegas, Nevada, from June 13 to 16, 2022. Visit booth #1917C to learn more.
Matchbook AI is delivering accurate and actionable data for decision-making in real time with its transformational Reference Data as a Service platform, which resides between a customer's enterprise data systems and commercial referential data sources. Matchbook AI customers come from all areas of industry, from financial, technology and insurance to global healthcare leaders and manufacturers, including Travelers, Johnson & Johnson, Boeing, Raytheon, American Express, Google, IBM, and more. Visit us at https://matchbookai.com.
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SOURCE Matchbook AI | https://www.kxii.com/prnewswire/2022/06/14/matchbook-advances-trusted-data-business-intelligence-with-snowflake-partnership/ | 2022-06-14T21:56:42Z |
Minnesota Vikings defensive lineman T.J. Smith is surrounded by the CA Gray Propel teaching staff after Smith's speech to the students Tuesday afternoon in Moultrie.
CA Gray English teacher Kimberly Crawford poses with T.J. Smith Tuesday afternoon after Smith spoke to students.
Joe Whitfield
Minnesota Vikings defensive lineman T.J. Smith is surrounded by the CA Gray Propel teaching staff after Smith's speech to the students Tuesday afternoon in Moultrie.
MOULTRIE — The students in CA Gray Junior High School's Propel summer program got a surprise visit Tuesday afternoon when NFL defensive tackle T.J. Smith stopped by the school to offer encouragement.
Smith advised the students to be obedient to their parents and teachers and told them his life was not a whole lot different than theirs.
"I spend a lot of my time in the classroom," he said. "Each day there is a team meeting where the coach tells us about the upcoming week, then we go to defensive or offensive team meeting, then to the position team meeting. We are in class from 9-2 learning what we need to do on the field, then we go out and practice what we have learned. It's like football school."
Smith, a 2015 graduate of Colquitt County High School, told the students to dream big and used the Biblical story of Joseph to lay out his message to the students.
"If you tell your friends about your dream and your friends don't tell you 'No way, you can't do that,' you're not dreaming big enough," Smith said.
He also told the students that if they didn't have a plan to make that dream come true, it wasn't really a dream, it was a fantasy.
"If you really have a dream you have to put a plan together and you have to work on that plan to make that dream come true," he said. "Every day you need to work toward making that dream come true."
Smith didn't speak much about his journey to the National Football League, but the Joseph story could have been a part of his story. Smith quit football in the eighth grade and it wasn't until he was a high school junior that he went back to football. After helping the Colquitt County Packers when the state football championship, he originally chose to play college football at Vanderbilt, but changed his mind and signed with Arkansas. He was redshirted his first year and played sparingly in his redshirt freshman season, but started all the games after that for the Razorbacks.
He wasn't selected in the 2020 NFL Draft but was signed to the practice squad for the San Diego Chargers. He was released after that season and in 2021 the Minnesota Vikings signed him to the practice squad before signing a new contract with the team in January of this year.
Smith is the son of Dr. and Mrs. Fredrick and Avis Smith of Moultrie.
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accounts, the history behind an article. | https://www.albanyherald.com/sports/nfl-lineman-t-j-smith-surprises-ca-gray-junior-high-school-students-with-visit/article_e3bc069a-f75b-11ec-a894-7f148efd2d6e.html | 2022-06-29T04:48:59Z |
WASHINGTON, June 29, 2022 /PRNewswire/ -- Danaher Corporation (NYSE: DHR) announced today that it has appointed Feroz Dewan to its Board of Directors and to the Board's Science & Technology Committee. This addition expands the size of Danaher's Board from thirteen to fourteen members.
Mr. Dewan is currently CEO of Arena Holdings Management, a global investment business. From 2003 to 2015, he worked at Tiger Global Management, most recently as Head of Public Equities. Prior to that, Mr. Dewan was a private equity investor at Silver Lake Partners.
Mr. Dewan earned his B.S. in Engineering with a Certificate in Applied and Computational Mathematics from Princeton University.
Steven M. Rales, Chairman of the Board of Danaher Corporation, said "We are very pleased to welcome Feroz to the Board. We expect that his financial acumen and technology expertise will be a tremendous benefit to Danaher as we strive to continue building sustainable, long-term value for all of our constituents."
Danaher is a global science and technology innovator committed to helping its customers solve complex challenges and improving quality of life around the world. Its family of world class brands has leadership positions in the demanding and attractive health care, environmental and applied end-markets. With more than 20 operating companies, Danaher's globally diverse team of approximately 80,000 associates is united by a common culture and operating system, the Danaher Business System, and its Shared Purpose, Helping Realize Life's Potential. For more information, please visit www.danaher.com.
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SOURCE Danaher Corporation | https://www.wibw.com/prnewswire/2022/06/29/danaher-announces-appointment-feroz-dewan-danaher-board/ | 2022-06-29T21:14:53Z |
NASHVILLE, Tenn., Sept. 8, 2022 /PRNewswire/ -- Blattner Technologies, on a mission to be the leading provider of Predictive Transformation™ services and tools in the Data Analytics, Artificial Intelligence and Machine Learning industry has acquired BOSS AI, as a wholly owned subsidiary. Building on a 115-year legacy of innovation by the Blattner family of businesses, Blattner Technologies recognizes the cutting-edge work and industry-changing BOSS AI Enterprise platform as a valuable asset to their growing list of related companies and partners.
BOSS AI is the data technology powerhouse made up of leading AI industry experts and data scientists who have developed a proprietary Federated Machine Learning solution. Combining this never-before-seen technology with their team of experts, BOSS AI is uniquely positioned to help businesses in a variety of industries including healthcare, manufacturing, e-commerce and financial services tap into the power of Artificial Intelligence and Machine Learning to increase operational efficiency, improve customer experience and create new products and services. The BOSS AI team is also already engaged in a variety of Federal, State and Local government AI initiatives that require the power, performance and security that the BOSS AI Federated Machine Learning solution provides.
Blattner Technologies CEO, Russ Blattner, is thrilled about the capabilities BOSS AI can bring to support organizations through the maturation of data and analytics to more robust solutions like AI/ML to provide forward-looking predictions and implement preemptive analytics. Blattner says, "BOSS AI has the resources and tools to complement the list of companies Blattner Technologies is acquiring in our mission to build a Predictive Transformation model that takes our customers from the basics of data management and analytics to operationalizing AI/ML and true Predictive Analytics throughout an organization."
Businesses who build an AI culture today will increase market share and develop a significant competitive advantage. At the intersection of digital transformation and business growth, Blattner Technologies' products, services and strategies help organizations thrive as the world becomes increasingly more digital.
Strategy: Data Maturity Models, AI Readiness Assessments, AI Roadmap Development
Solutions: Data Management, Data Engineering, AI Modeling, Operationalizing AI/ML
Transformation: Predictive Transformation™ Model, Business Intelligence, Business Foresight
Blattnertechnologies.com
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SOURCE Blattner Technologies | https://www.wibw.com/prnewswire/2022/09/08/blattner-technologies-acquires-boss-ai-their-enterprise-ai-platform/ | 2022-09-08T18:37:54Z |
MONTGOMERY, W.Va., July 8, 2022 /PRNewswire/ -- In response to the 13th Circuit Court of West Virginia ruling against HOPE Scholarship on June 6th, Montgomery Preparatory Academy (MPA) has picked up the torch to support the future of education for West Virginia's youth. MPA's President, Daniel Puder, a longtime youth advocate and Undefeated Professional Mixed Martial Arts Fighter, has committed to fully sponsor students who have already enrolled as well as other students and families who want a chance to take back control of their education. Therefore, MPA will be offering 25 FULL SCHOLARSHIPS for families for students grades 6-12 who would like an alternative to public schooling. MPA is determined to set a new standard in education for our state by offering a unique private school option that is Global Cognia/SACS/CASI Accredited.
Although this injunction is an obstacle, this is also an opportunity for families throughout West Virginia to stand united for school choice and remove the stigma that private schools are only for the wealthy. The past two years, today's youth are emerging from the largest worldwide pandemic which has been extremely detrimental to their learning progress and has created mental health issues. MPA wants to provide an educational option to the youth of West Virginia despite the egregious injunction imposed by the Judge on the HOPE scholarship. This injunction will negatively affect the education of thousands of West Virginia youths if it is carried out. Daniel Puder is determined to change the system and create an option that best serves students and families. His personal experience in school of being labeled as learning disabled and bullied is what drives him. This HOPE scholarship is providing great hope for families, and we are committed to the future of education in the great state of West Virginia. We will be opening the doors of Montgomery Prep Academy with or without the HOPE scholarship funding August 22, 2022.
We encourage families to contact us for more information to get their student(s) enrolled for this coming school year!
"This injunction saddens me, and our team is committed to supporting the families of West Virginia." ~Daniel Puder
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SOURCE My Life My Power World Inc. | https://www.wibw.com/prnewswire/2022/07/08/montgomery-preparatory-academy-steps-up-school-choice-by-offering-25-full-scholarships/ | 2022-07-08T16:21:15Z |
BOSTON, June 16, 2022 /PRNewswire/ -- Perovskite photovoltaics (PV) is a very young field, only emerging in 2009. Since then, research into the field has catapulted leading to the fastest acceleration in record efficiency of any PV technology. IDTechEx's new report, "Perovskite Photovoltaics 2023-2033", explores the diverse range of opportunities presented by perovskite PV, including gaps in demand, supply chain innovation, and emerging applications.
Remarkably rapid efficiency gains
Perovskite photovoltaics have demonstrated remarkable efficiencies, with new applications enabled by their low cost, thin film architecture, and tuneable absorption. Record efficiencies are already on par with those of silicon PV, a technology with decades of research behind it. Additionally, perovskite PV does not use toxic or rare materials, and the manufacturing is well-suited to scalable solution-based deposition methods. This gives perovskite PV an edge over the existing dominant thin film alternatives such as cadmium telluride (CdTe) and copper indium gallium selenide (CIGS), which suffer from expensive synthesis and material scarcity.
Despite the demonstration of high-efficiency perovskite solar cells, commercial adoption is limited by concerns over long-term stability. Perovskites are well-known to degrade following exposure to environmental factors such as heat, air, humidity, and UV light. Encapsulation techniques and material engineering are crucial to preventing degradation of the perovskite film – solving these high-value problems is a compelling commercial opportunity.
Enabling emerging applications
Perovskite PV is very versatile. It can be used in mainstream applications such as in solar farms and rooftops. Since the weight of a perovskite module can be at least 90 % lighter than a silicon module, it is particularly well-suited to novel applications as well such as vertical building integration and structures with low weight tolerance. These are applications that mainstream silicon-based PV is not compatible with and therefore provide a niche opportunity for perovskite PV. Flexible solar modules are another exciting recent development in photovoltaics. Thin film perovskite PV is naturally well-suited to flexible designs. Conformality allows for greater practicality and aesthetic control when integrating into building facades as well as electronic devices.
With the emergence of Internet of Things (IoT), perovskite PV could also be a very suitable choice for self-powered smart electronics. Batteries are typically used to power small appliances. Where hundreds or thousands of individual electronics are in use, replacing batteries can be unsustainable both in terms of labor costs and number of disposable batteries. Employing low-cost PV powered devices with lifespans of 10 years could be far more economical. There is already very early-stage commercialization of self-powered electronics using organic PV. This market is still very small and there is plenty of room for new entrants. Perovskite PV promises higher efficiencies and simpler synthesis than organics, and potentially longer lifespans.
Outlook
The future appears optimistic for perovskite PV, since the technology has advanced much more rapidly than any other photovoltaic technology. Unlike CdTe and CIGS active layers, perovskites do not require rare or expensive raw materials. The synthesis is straightforward and deposition can be carried out without the need for a vacuum or high temperatures. The possibility of creating flexible devices also opens up new applications that mainstream silicon PV cannot target due to their bulk, weight, and rigidity. Despite the promising advantages, concerns surrounding the lifespan of perovskite solar cells remain at the forefront of the discussion.
This report, "Perovskite Photovoltaics 2023-2033", gives 10-year market forecasts, key player analysis, technology benchmarking, and identification of core application areas. It examines the current status and latest trends in photovoltaic technology, supply chain, and manufacturing know-how. It also identifies the key challenges, competition, and innovation opportunities facing perovskite PV. Technical analysis and emerging trends are based on cutting-edge research and primary information with key and emerging players. This report focuses primarily on photovoltaic applications of perovskites and also provides an overview of alternative (non-photovoltaic) applications.
Images download: https://www.dropbox.com/sh/9dlhmvj5fyzs3kn/AABbhG8tW6t6KP5_hUTBq_17a?dl=0
About IDTechEx
IDTechEx guides your strategic business decisions through its Research, Subscription and Consultancy products, helping you profit from emerging technologies. For more information, contact research@IDTechEx.com or visit www.IDTechEx.com.
Media Contact:
Natalie Moreton
Digital Marketing Manager
press@IDTechEx.com
+44(0)1223 812300
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SOURCE IDTechEx | https://www.mysuncoast.com/prnewswire/2022/06/16/idtechex-discuss-unlocking-power-perovskite-photovoltaics/ | 2022-06-16T20:16:30Z |
OSLO, Norway, Aug. 15, 2022 /PRNewswire/ -- Lytix Biopharma is pleased to announce that it will host a Capital Markets Day for investors, analysts and media on Wednesday, June 1, 2022
- The event will be open for physical attendance in Oslo, Norway, as well as a live webcast. It is scheduled to start at 14.00 CET, and is expected to last approximately two hours, including Q&A.
- Speakers will be Ted White, CEO of Verrica Pharmaceuticals Inc. ("Verrica"), Gary Goldenberg, CMO of Verrica, Aurelien Marabelle, visiting professor at Stanford University and an internationally recognized expert on intratumoral cancer treatment, and Øystein Rekdal, CEO of Lytix Biopharma.
- Verrica has an exclusive worldwide license agreement with Lytix to develop and commercialize its lead compound, LTX-315, for dermatologic oncology conditions, and the first patient has been dosed in Verrica's Phase II study evaluating LTX-315 for intratumoral treatment of basal cell carcinoma (skin cancer). At the CMD the focus will be on the rationale and current state-of-the-art regarding intratumoral treatment of cancer patients. Most of all, the agreement between Verrica and Lytix and the commercial opportunity for and clinical value of LTX-315 in treatment of cell carcinomas will be highlighted.
Further details of the agenda and registration details will follow.
Ole Peter Nordby, Head of IR & Communication Manager
Email: ole.peter.nordby@lytixbiopharma.com
Mobile: +47 412 87 179
This information was brought to you by Cision http://news.cision.com
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SOURCE Lytix Biopharma AS | https://www.kxii.com/prnewswire/2022/08/15/lytix-biopharma-host-capital-markets-day-june-1-2022/ | 2022-08-15T18:18:27Z |
The House on Tuesday passed a bill eliminating the statute of limitations for victims of child sex abuse who seek to file civil claims, sending the measure to President Biden’s desk for final approval.
The chamber cleared the bill, titled the Eliminating Limits to Justice for Child Sex Abuse Victims Act, by voice vote, a strategy reserved for noncontroversial, popular measures. The Senate passed the legislation by unanimous consent in March.
The measure calls for removing the statute of limitations for minors filing civil claims relating to a number of sex abuse crimes, including forced labor, sex trafficking, sexual abuse and sexual exploitation of children.
Under current law, minors who experience sexual abuse are able to file federal civil claims until they turn 28 years old, or until 10 years after the violation or injury is discovered. The bill Congress passed seeks to eliminate those time restraints.
There is no statute of limitations in place for criminal offenses involving child sex abuse.
During debate on the House floor Tuesday, Rep. Jerry Nadler (D-N.Y.) said survivors of child sex abuse often delay reporting their situations, which could put them at risk of not seeking damages because of the statute of limitations.
“Also common is delayed disclosure, with the tendency of survivors of child sexual abuse to wait many years before disclosing abuse to others,” Nadler said. “This is because survivors of sexual abuse often take a long time to process their trauma, and many survivors who were abused as a child may not even recognize the abuse they suffered until much later in life.”
“Unfortunately, because survivors of child sexual abuse often delay reporting, any statute of limitations may prevent survivors accessing justice and seeking damages in civil court,” he added.
The New York Democrat argued that statutes of limitations in place for civil claims of child sex abuse “can serve to protect abusers and enable them to continue to exploit their power by allowing victims’ claims to expire.”
“This bill will enable survivors who are victims of federal child sex abuse offenses, including aggravated sexual abuse, sex trafficking, human trafficking, forced labor, and sexual exploitation, to seek civil damages in federal court regardless of the amount of time that has passed since the abuse,” he added.
Rep. Jim Jordan (R-Ohio) on the House floor Tuesday said the bill “would allow victims of human trafficking or sex offenses to seek civil remedies regardless of when the crime took place.” | https://cw33.com/hill-politics/bill-eliminating-statute-of-limitations-for-child-sex-abuse-civil-suits-heads-to-bidens-desk-2/ | 2022-09-14T15:14:16Z |
Published: May. 25, 2022 at 2:11 PM EDT|Updated: 1 hour ago
Increased affordability expected for used car prices in the month of May
SANTA MONICA, Calif, May 25, 2022 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the easiest, most efficient and transparent online destination for buying and selling new and used vehicles, expects total new vehicle industry sales to reach 1,221,790 units in May 2022, down 17% from a year ago and up 10% from April 2022, when adjusted for the same number of selling days. This month's seasonally adjusted annualized rate (SAAR) for total light vehicle industry sales is an estimated 14 million, down 17% from May 2021. Excluding fleet sales, TrueCar expects U.S. retail deliveries of new cars and light trucks to be 1,062,452 units, down 18% from a year ago and up 7% from April 2022.
"This month we're continuing to see a struggle for supply among the industry however we're also now starting to see signs of demand adjusting. Higher interest rates combined with higher fuel prices present a headwind to demand cooling off, which may explain why average used list prices are decreasing, down 1.6% in May versus April 2022," said Nick Woolard, Lead Industry Analyst at TrueCar. "In terms of price adjustments, compared to the beginning of the month we are seeing more vehicles being marked down than for the same period last year. This is truer for used where we are seeing over half of our used listings getting a downward price adjustment since the beginning of the month. This trend is led by the used full-size vehicle segment."
"This month we're not expecting fleet inventory to be down as much as retail, partly due to deferred fleet demand and the domestic OEM brands generally being in a better inventory situation than imported brands," said Valeri Tompkins, Senior Vice President of OEM Solutions at TrueCar.
Total sales for May 2022 are expected to be down 17% from a year ago and up 10% from April 2022 when adjusted for the same number of selling days.
Fleet sales for May 2022 are expected to be down 6% from a year ago and up 34% from April 2022 when adjusted for the same number of selling days.
Incentive spend is down 59% from last year.
Average transaction price is projected to be up 14% from a year ago and comparable to April 2022.
Total SAAR is expected to be down 17% from a year ago at 14 million units.
Used vehicle sales for May 2022 are expected to reach 3.1 million, down 19% from a year ago and down 8% from April 2022.
The average interest rate on new vehicles is 5.1% compared to April 2022 at 4.8% and the average interest rate on used vehicles is 8%.
The average loan term on a new vehicle for May 2022 is about 71 months and the average loan term on a used vehicle is also about 71 months.
(Note: This industry insight is based solely on TrueCar, Inc.'s analysis of domestic industry sales trends and conditions and is not a projection of TrueCar, Inc.'s operations.)
About TrueCar TrueCar is a leading automotive digital marketplace that lets auto buyers and sellers connect to our nationwide network of Certified Dealers. With access to an expansive inventory provided by our Certified Dealers, we are building the industry's most personalized and efficient auto shopping experience as we seek to bring more of the process online. Consumers who visit our marketplace will find a suite of vehicle discovery tools, price ratings and market context on new, used and Certified Pre-Owned vehicles. When they are ready, shoppers in TrueCar's marketplace can connect with a Certified Dealer in our network, who shares our belief that truth, transparency and fairness are the foundation of a great auto shopping experience. As part of our marketplace, TrueCar powers auto-buying programs for over 250 leading brands, including AARP, Sam's Club, Navy Federal Credit Union and American Express.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.mysuncoast.com/prnewswire/2022/05/25/truecar-releases-analysis-may-industry-sales/ | 2022-05-25T19:12:08Z |
BARCELONA, Spain, April 8, 2022 /PRNewswire/ -- The major trade show platform for the food, drinks and hospitality equipment industry closes a celebration marked by optimism and business that has once again brought the entire sector together and has contributed to its reactivation at a key moment for its growth. Alimentaria&Hostelco has been characterized by a high degree of internationalization and by the presentation of innovations and new trends that point towards the development of more sustainable and healthy products.
More than 3,000 exhibiting companies from 52 countries participated in the call which concludes today to encourage business, internationalization and the reactivation of strategic sectors for the Spanish economy. Nearly 100,000 visitors, 23% of them international, from 149 countries, as well as an estimated economic impact of 180 million euros, reflect the strength of this edition which has occupied 85,000 m2 of net exhibition area, practically all of the Fira de Barcelona Gran Vía venue.
In this way, Alimentaria&Hostelco has once again consolidated its position as a strategic global event for the internationalization of its participating companies. Of the more than 3,000 exhibiting firms, 400 have been international, from 52 countries. Brazil, Slovakia, Australia, Canada, United Arab Emirates and Puerto Rico have participated in the event for the first time.
The trade show platform has revalidated its leadership by enhancing the complementarity of its represented sectors and offering a great business platform for its professionals. Among the attendees were 1,400 major buyers invited from strategic markets for the export of food and catering equipment, such as the European Union, the USA and Latin America, who have participated in some 13,000 meetings with companies.
Sustainable and healthy food innovation, gastronomy, management linked to sustainability, healthy products and the rise of vegetable protein, as well as the latest trends in the hotel industry, have been the stars of the program of activities at both shows, in which more than 300 innovations have been presented, 30 leading chefs with 36 Michelin stars have participated and it has been possible to visit the recreation of a hotel with the latest technologies.
The next edition of the trade show platform organized by Fira de Barcelona will be held in March 2024 at the Gran Via venue.
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SOURCE Fira de Barcelona | https://www.wibw.com/prnewswire/2022/04/08/alimentaria-hostelco-mark-turning-point-sectors-recovery/ | 2022-04-08T11:42:10Z |
β521 demonstrated 99 percent efficacy against infection in healthy cells for both delta and omicron SARS-CoV-2 variants in in-vivo studies
Benevira will advance β521 into further preclinical studies as the company's lead SARS-CoV-2 therapeutic candidate
NEW YORK, May 24, 2022 /PRNewswire/ -- Benevira, a global synthetic biology company focused on treating viral disease, today announced positive preclinical safety and efficacy data on β521, a novel SARS-CoV-2 therapy, demonstrating robust tolerability and efficacy against several SARS-CoV-2 variants. The results showed that β521 was 99% effective in preventing SARS-CoV-2 infections in Vero cells grown in the presence of a high titer of delta or omicron variants. In addition, 100% tolerability was observed for β521 in New Zealand rabbits at a maximum dosing concentration. β521 is the lead candidate in the company's therapeutics pipeline developed to target functional components of viruses that are unlikely to evolve, thus retaining their efficacy as potential new variants emerge.
"The promising initial results for β521 provide optimism that our innovative synthetic biology tools can help us advance effective therapies against the multitude of variants produced by SARS-CoV-2 as well as future betacoronavirus pandemics," said Dr. Roee Amit, co-founder of Benevira, and Professor in the Faculty of Biotechnology and Food Engineering at Technion –Israel Institute of Technology. "We believe that our technology will allow us to tailor biological solutions to a wide range of infectious diseases and look forward to the continued advancement of our pipeline."
β521 works by blocking SARS-CoV-2 from infecting healthy cells, stopping the infection cycle before it can begin, thus protecting the viability of the exposed cells. The mechanism of action for β521 will protect against a COVID-19 infection in healthy people upon exposure to the virus or prevent the worsening of the COVID-19 disease in already infected patients. β521 does not penetrate cells, and as a result it is expected to have reduced off-target toxicity. As a wave of new infections and possible new variants emerge, there is a need to develop more effective therapies to treat COVID-19 across current, emerging and future variants.
"Benevira was founded with the belief that we have the technology today to help prevent the pandemics of tomorrow through therapeutics tailored to target weaknesses identified in viral genomes," said Patricia Kitchen, Chief Executive Officer of Benevira. "Based on these favorable preclinical results, we will advance β521 into the next stage of clinical development and, in parallel, continue to stay focused on other potential global viral threats."
Benevira developed β521 utilizing technology licensed from the Technion - Israel Institute of Technology. Under the license agreement Benevira has exclusive rights to develop and market β521, as well as other potential viral treatments developed utilizing the Technion technology. Benevira's betacoronavirus program consists of novel therapeutic and prophylactic solutions to combat SARS-CoV-2 and future pandemics. The company is also conducting preclinical research on treatments for SARS-CoV-1, MERS (Middle East Respiratory Syndrome), human papillomavirus (HPV), Epstein-Barr virus (EBV) and influenza.
For more information, please visit www.benevira.com or follow the company on LinkedIn.
About Benevira
Benevira is a global synthetic biology company developing a suite of self-administered antiviral solutions. The company was created on a foundation of innovation and state-of-the-art drug development expertise with the goal of developing new viral therapeutics and prophylactics.
Benevira's comprehensive and multidisciplinary approach to prevention and treatment of viral infection, like SARS-CoV-2, offers a differentiated value proposition compared to the therapeutics that are currently marketed.
The company intends to complete drug development of its first candidate therapeutic, providing validation for the company's drug discovery platform and the novel mechanism of action it seeks to target. In addition to SARS-CoV-2, Benevira seeks to treat and prevent viral infection by viruses such as human papilloma virus (HPV), respiratory syncytial virus (RSV), SARS-CoV-1, Middle Eastern Respiratory Syndrome (MERS), Epstein-Barr virus (EBV), variola and influenza.
Media and Investor Contact:
Chief Executive Officer
Patricia Kitchen
info@benevira.com
This press release contains "forward-looking statements" that may include, but are not limited to, statements concerning Benevira's efforts to combat COVID-19; the potential upcoming clinical activities and our expectations regarding the characteristics of the therapeutic drug delivery. Any forward-looking statements in this press release are based on Benevira's current expectations and beliefs of future events and are subject to a number of risks and uncertainties that could cause actual results to differ. Some risks and uncertainties, as an example, could include, but are not limited to, the ability to produce comparable clinical results, the ability to effectively scale up commercial production, or potential other difficulties. All information in this press release is as of the date of release, updated and complete.
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SOURCE Benevira | https://www.mysuncoast.com/prnewswire/2022/05/24/benevira-announces-positive-preclinical-data-its-novel-covid-19-treatment/ | 2022-05-24T12:46:20Z |
(The Hill) – New battle lines are emerging around the issue of interstate travel for abortion, as a confusing patchwork of state and federal rules materializes in the wake of the Supreme Court’s overturning of Roe v. Wade.
No state currently bans women from obtaining an out-of-state abortion. But conservative lawmakers in a handful of GOP-led states where abortion is banned or restricted have floated measures that would penalize those involved — even tangentially — in helping someone access the procedure in another state.
Other red state restrictions have already had a chilling effect on doctors prescribing abortion pills across state lines.
At the other end of the political spectrum, several blue states have taken steps to become abortion safe havens, saying they would refuse to cooperate with red-state investigations into cross-border abortion cases. Meanwhile, the Justice Department (DOJ), is digging in for a fight, vowing to draw on federal legal authority to protect women who seek an abortion in states where it is legal.
Court watchers say the high court’s decision to overturn Roe v. Wade and Planned Parenthood v. Casey, authored by Justice Samuel Alito, will set in motion a new wave of abortion-related litigation.
“Alito suggested that Roe and Casey were unworkable and returning abortion laws to the states would help make them workable. But we’re seeing the very opposite,” said Rachel Rebouché, a Temple University School of Law. “We should expect even more conflict, not less.”
For nearly 50 years after Roe was decided, a constitutional right to abortion barred states from outlawing abortion before fetal viability. But since the Supreme Court toppled that landmark 1973 precedent last month, abortion is now banned in at least nine states, more bans and restrictions are expected soon and residents of less-permissive states who seek to terminate an unwanted pregnancy are increasingly looking beyond their state’s borders.
The dynamic has drawn attention from Republican lawmakers in states where abortion is restricted.
The Texas Freedom Caucus, a group of 11 far-right state lawmakers, plan to introduce legislation that would make it a felony for employers to pay for workers to obtain an abortion in a state where it’s legal or reimburse travel expenses. The group announced its proposal last week in a pugnacious letter to the to the Dallas office of the powerhouse law firm Sidley Austin.
“It has come to our attention that Sidley Austin has decided to reimburse the travel costs of employees who leave Texas to murder their unborn children,” the Texas Freedom Caucus letter states. “It also appears that Sidley has been complicit in illegal abortions that were performed in Texas before and after the Supreme Court’s ruling (overturing Roe). We are writing to inform you of the consequences that you and your colleagues will face for these actions.”
The group said its legislative proposal would also contain a bounty-style enforcement mechanism — based on Texas’s six-week abortion ban, S.B. 8 — that would incentivize private citizens to bring civil lawsuits against those suspected of helping to facilitate an out-of-state abortion on a Texas resident.
Arkansas State Sen. Jason Rapert (R), who heads the National Association of Christian Lawmakers, expressed interest in a similar measure in his home state that would target businesses engaged in what he called “abortion trafficking.”
“They’re trying to traffic individuals and basically put money into the coffers of the abortion industry and circumventing these abortion bans,” he told Arkansas-based ABC affiliate 40/29 News. “So for instance, Dick’s Sporting Goods, Bank of America and some other companies have said they’re going pay people to travel and get abortions. Well, what about the shareholders? We believe this is an illegal use of shareholders’ money.”
Similar proposals have been backed by lawmakers in South Carolina and Oklahoma. One such bill in Missouri failed to clear the 2022 legislative session. But its sponsor, Missouri state Rep. Mary Elizabeth Coleman (R), a special counsel at the conservative public interest firm the Thomas More Society, told The Washington Post that antiabortion activists and lawmakers in other states were interested in seeing such legislation signed into law.
Legal experts described the looming fight over abortion access as something of a tinderbox.
“The stakes are so high because people are going to try to get medical care any way they can, but anti-abortion people are going to try to stop them,” said David Cohen, a law professor at Drexel University. “We are now on the verge of seeing these very serious interstate and inter-jurisdictional conflicts because of the stakes.”
Some GOP abortion restrictions have already created a chilling effect in more-permissive states.
In Montana, where the state’s supreme court has held that Montana’s constitution protects abortion, Planned Parenthood is limiting access to medical abortion for out-of-state residents.
“The way abortion pills work is that there are two different sets of pills you take, spaced apart in time, and so the patient could wind up taking the second set of pills, or even the first set, in an anti-abortion state and risk legal issues,” Cohen said.
At the other end of the political spectrum, a number of blue states have taken steps to become safe havens for those traveling from out of state for abortions.
In the run-up to Roe’s demise, California and Connecticut passed laws that would shield abortion providers and patients from out-of-state prohibitions.
The California law, A.B. 1666, which was sponsored by Planned Parenthood California, renders any legal action brought against the right to abortion unenforceable in California courts.
“It puts up a legal shield for our doctors, providers and patients against attacks from the radical-right extremists who seek to strip women of their fundamental right,” said California Assemblymember Rebecca Bauer-Kahan (D), the bill’s primary sponsor.
Democratic governors in seven other states have signed executive orders with other protections.
Some blue state measures codify a refusal to comply with subpoenas, investigations or records requests from conservative states. Other measures even allow providers to countersue if they’re targeted by out-of-state laws. Still other provisions would deny red-state requests to extradite those suspected of violating abortion bans.
The emerging legal landscape will likely lead to clashes between states that are novel and intense, experts said.
“Once these laws are tested, I think they’ll be wending their way back up to the Supreme Court as states seek to enforce conflicting laws,” said Naomi Cahn, a law professor at the University of Virginia.
Meanwhile the DOJ said it would aid in the fight to protect abortion access. In statement Tuesday announcing the creation of reproductive rights task force, the DOJ indicated that its legal strategy would take cross-border considerations into account.
The DOJ has also said it is prepared to take to action to make sure the abortion medication Mifepristone, which has deemed by the FDA to be safe and effective, would remain widely available. More than a dozen states, mostly in the South and Midwest, ban providers from prescribing abortion pills through telemedicine.
Medication abortion has become an increasingly common method for ending pregnancies, accounting for 54 percent of all abortions in 2020, according to the Guttmacher Institute.
The Supreme Court has not made clear how it might rule if a case challenging out-of-state penalties were to reach the high court. Justice Brett Kavanaugh, who signed onto Alito’s majority ruling, wrote a concurring opinion that offered some limited insights into his thinking on the issue.
“Some of the other abortion-related legal questions raised by today’s decision are not especially difficult as a constitutional matter,” Kavanaugh wrote. “For example, may a state bar a resident of that state from traveling to another state to obtain an abortion? In my view, the answer is no based on the constitutional right to interstate travel.”
But legal experts said Kavanaugh’s opinion raised more questions than it answered, and only amounted to the view of a single justice.
“He talks solely about the patient has a right to travel out of state. Well, that’s a nice thing for him to say. But does that mean that the patient’s friend has a right to drive them out of state? Does the patient’s mother has a right to buy them hotel room out of state for when they need to stay over?” Cohen said. “There are so many different permutations of what can happen here that it could go to the Supreme Court many different times.” | https://cw33.com/news/nexstar-media-wire/battle-lines-emerge-over-out-of-state-abortion/ | 2022-07-14T11:46:39Z |
- INEO's core technology is now protected by patents in multiple jurisdictions giving it an additional layer of security and protection as the company proceeds with its rapid expansion across the globe.
SURREY, BC, Aug. 3, 2022 /PRNewswire/ - INEO Tech Corp. (TSX-V: INEO) (OTCQB: INEOF) (the "Company" or "INEO"), the innovative developer and operator of the INEO Media Network, a digital advertising and analytics solution for retailers, today announced it has been granted a patent from the European Patent Office ("EPO") for European Patent 3482377, entitled "COMBINATION MEDIA DISPLAY AND ELECTRONIC ARTICLE SURVEILLANCE PEDESTAL". This patent prevents any other Electronic Article Surveillance (EAS) provider from selling an EAS system which contains a digital screen, leaving the INEO Welcoming System as the only system on the market which can combine advertising and loss prevention in one form factor.
INEO's patented technology combines a traditional Electronic Article Surveillance (EAS) system with a digital media display in one integrated device. EAS systems are theft prevention devices which are typically found at the entrance or exit of a retail store and transmit a radio frequency (RF) signal which detects tags and labels on products. The combination of a media display and EAS system is a non-trivial and unique invention due to the complexity in designing and housing a RF security tag system in close proximity to a media display screen without degradation of the required RF signal. This patented technology drives INEO's business model of integrating retail digital signage with retail media networks to generate SaaS (Software-as-a-Service) based revenue.
"Receiving this patent in Europe is a significant milestone for INEO as we continue to expand our reach into new global markets," said Greg Watkin, Chairman and President of INEO. "We know larger industry players are very interested in our technology and this patent gives significant protection against any of our competitors coming out with similar technology in the European market. This patent along with our corresponding patents in Canada and the United States protects INEO from competition with the larger EAS companies as we go after their customer base."
INEO filed its first patent on July 11, 2016, with the Canadian Intellectual Patent Office, resulting in INEO being granted Canadian patent 2,936,044, on January 15, 2018. At that time the Company also filed the subject matter under the Patent Cooperation Treaty (PCT), which has now led to the granting of corresponding claims in additional treaty countries. The United States Patent and Trademark Office granted patent 10,614,691 on April 7, 2020. The European Patent Organization granted this most recent patent after a substantive examination of the patent application. The term on the patent runs until to July 10, 2036. The Company has also recently filed two further patent applications for additional protection of its unique intellectual property and expects to be granted these patents in due course.
The European Patent Office's mission is to grant European patents in accordance with the European Patent Convention. The EPO currently has 38 member states, comprising all the member states of the European Union plus other countries including the United Kingdom, Norway, Switzerland and Turkey.
INEO Tech Corp.
Per: "Kyle Hall"
Kyle Hall, Chief Executive Officer and Director
INEO Tech Corp., through its wholly owned subsidiary, INEO Solutions Inc., operates the INEO Media Network, a digital advertising and analytics solution for retailers. INEO's patented technology integrates and monetizes digital screens with theft detection sensor gates at the entrance of retail stores. The Company's cloud-based platform uses IoT (Internet of Things) and AI (Artificial Intelligence) technology to deliver customized digital advertising to each retail location based on the demographic mix, such as age and gender, of customer traffic at each location. The Company also deploys the INEO Welcoming Network technology through a SaaS-based solution to larger retail chains. INEO is headquartered in Surrey, Canada and publicly traded on the TSX-Venture Exchange under the symbol "INEO" and on the OTCQB-Venture Market under the symbol "INEOF".
Website: www.ineosolutionsinc.com
LinkedIn: https://www.linkedin.com/company/ineosolutions
Facebook: https://www.facebook.com/ineosolutionsinc
Instagram: https://www.instagram.com/ineosolutionsinc
Twitter: https://twitter.com/INEOsolutions
Forward-Looking Statements
Investors are cautioned that, except as disclosed in the disclosure document, any information released or received with respect to the Company may not be accurate or complete and should not be relied upon. Trading in securities of the Company should be considered highly speculative.
This news release contains statements and information that, to the extent that they are not historical fact, may constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives or economic performance, or the assumption underlying any of the foregoing. This news release uses words such as "may", "would", "could", "likely", "expect", "anticipate", "believe", "intend", "plan", "forecast", "project", "estimate", "outlook", and other similar expressions to identify forward-looking information. Forward-looking information involves significant risks, assumptions, uncertainties and other factors that may cause actual future results or anticipated events to differ materially from those expressed or implied in any forward-looking statements and accordingly, should not be read as guarantees of future performance or results. There are a number of important factors that could cause the Company's actual results to differ materially from those indicated or implied by forward-looking statements and information. Other factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed on SEDAR, including the Company's most recent annual and interim Management Discussion and Analysis and Financial Statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except to the extent required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE INEO Tech Corp. | https://www.mysuncoast.com/prnewswire/2022/08/03/ineo-granted-patent-protecting-ineo-welcoming-systems-technology-europe/ | 2022-08-03T11:40:11Z |
United captain Maguire gets bomb threat, police sweep home
MANCHESTER, England (AP) — Manchester United captain Harry Maguire has received a bomb threat, leading to police searching his house in northern England. Maguire lives at the property with his fiancée Fern Hawkins and their two children. Police say as a precautionary measure an explosives dog was involved in the search of the gardens and surrounding area. Increasingly volatile language has been aimed at Maguire over United’s performances in recent weeks, with the team losing 4-0 at Liverpool on Tuesday. The defender’s management team said in a statement that “the safety of his family and those around him is obviously Harry’s number one priority.” | https://localnews8.com/sports/ap-national-sports/2022/04/21/united-captain-maguire-gets-bomb-threat-police-sweep-home/ | 2022-04-21T18:29:24Z |
Parents charged after 3 kids found living without food, running water
MESA, Ariz. (KTVK/KPHO/Gray News) – Parents in Arizona were taken into custody after officers said they found their three children living without food or running water.
Officers also said the children were not going to school.
Katrina Johnson and Brandon Edwards were arrested Monday morning and booked on several counts of child abuse.
The investigation began in February when someone called police to report three young girls going around to neighbors’ houses and asking for food and water.
Maricopa County Sheriff’s deputies went inside the family’s home to find it trashed, with no running water and very little food.
Investigators interviewed Johnson, who said she had moved the kids into the home because “they had no other options.” Court documents said Johnson also told detectives she fed her kids, enrolled them in online school, and took them to another family member’s house to bathe.
Johnson reportedly admitted the current living conditions were neglectful and said fines from the City of Mesa turned the water off. Edwards echoed the statements about the water and told detectives it had been shut off for the past few weeks.
Detectives decided to talk to the three girls about their living conditions. Two girls told investigators they had food to eat and did school online, but the third child told a different story.
According to court paperwork, the girl said she’s often hungry because her parents can’t afford to buy food and said her older sister would go to the neighbor’s houses for food and water.
Through the investigation, detectives learned two of the children had been enrolled in school but, because of excessive absences, were dropped. The third child was never enrolled in school.
Johnson was interviewed a second time and confronted about her kids’ school enrollment.
According to court paperwork, Johnson admitted to “bad choices and even pure laziness” led to the kids not attending school. She reportedly told investigators she received money from her mother but would use it to buy drugs instead of food for the kids.
Copyright 2022 KTVK/KPHO via Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/07/20/parents-charged-after-3-kids-found-living-without-food-running-water/ | 2022-07-20T16:22:42Z |
GOP election-deniers elevate races for secretary of state
ATLANTA (AP) — Add one more group of contests to the white-hot races for Congress and governor that will dominate this year’s midterm elections: secretaries of state.
Former President Donald Trump’s attempts to reverse the results of the 2020 election and his subsequent endorsements of candidates for state election offices who are sympathetic to his view have elevated those races to top-tier status. At stake, say Democrats and others concerned about fair elections, is nothing less than American democracy.
“If they win the general election, we’ve got real problems on our hands,” said former New Jersey Gov. Christine Todd Whitman, a Republican who has pushed back against the false claims made by Trump and his allies about widespread fraud in the 2020 presidential election. “This is an effort to replace the people who oversee these races — to change the rules to make the results come out the way they want them to.”
The primary season begins in force in the coming week with elections in Ohio and Indiana. Ohio voters will decide which candidate will emerge from the Republican primary for secretary of state, with the winner favored to eventually win the office in the GOP-dominated state.
Primaries for the top election offices will follow over the next few weeks in Nebraska, Idaho, Alabama and the presidential battleground of Georgia. While Indiana also holds a primary Tuesday, nominees for secretary of state and some other offices won’t be decided until party conventions in June.
In all, voters in about two dozen states will be deciding who will be their state’s next chief election official this year. In three politically important states —- Florida, Pennsylvania and Texas — the position will be filled by whoever wins the governor’s race. In New Hampshire, the decision will be made by the state Legislature — currently controlled by Republicans.
States United Action, a nonpartisan advocacy organization co-founded by Whitman, has been tracking secretary of state races and identified nearly two dozen Republican candidates who deny the results of the 2020 presidential election.
That includes John Adams, a former state lawmaker challenging Ohio’s incumbent secretary of state, Frank LaRose, in Tuesday’s GOP primary. Adams has said “there’s no way that Trump lost” and said LaRose wasn’t any different than Stacey Abrams, a Democrat and national voting rights advocate who is running for governor in Georgia.
LaRose hasn’t talked much about the 2020 election on the campaign trail, other than to say it was secure in Ohio and to tout his office’s pursuit of voter fraud cases. This marked a departure following the 2020 vote in which he praised the work of bipartisan election officials in running a smooth election, promoted voter access and presented statistics showing how rare voter fraud is.
Earlier this year, LaRose brushed aside questions about whether his rhetoric had shifted.
“Unfortunately, some people want to make a political issue out of this,” he said. “Of course, it’s right to be concerned about election integrity.”
The pivot was enough to earn him an endorsement from Trump, who is considering another run for president in 2024 and said LaRose was “dedicated to Secure Elections.” LaRose has been touting the endorsement.
Michigan Secretary of State Jocelyn Benson, a Democrat, said it was important for Republican secretaries of state, in particular, to speak the truth about the 2020 election.
“Those secretaries who are accepting the support of election-deniers or accepting the support of a former president who openly interfered with the results of a free and fair election are abdicating their role and responsibility to stand as nonpartisan guardians and choosing to put their own partisan agendas ahead of democracy,” Benson said in an interview.
This year, the most high-profile races will unfold in four of the six states where Trump disputed his 2020 loss to President Joe Biden: Arizona, Georgia, Nevada and Michigan. Trump has endorsed secretary of state candidates in all but one, backing those who support his false claims.
There is no proof of widespread fraud or wrongdoing. Judges, including ones appointed by Trump, dismissed dozens of lawsuits filed by the former president and his allies after the 2020 election.
Last year, an Associated Press review of every potential 2020 voter fraud case in the six states disputed by Trump found nowhere near enough cases to change the outcome.
Kristina Karamo, Trump’s pick in Michigan, is the first to advance to the November election after state Republicans nominated her at the party’s April 23 convention. A community college professor, Karamo gained prominence after the 2020 election claiming she had seen irregularities in the processing of mail ballots while serving as an election observer in Detroit.
At a rally with Trump before the convention, she accused the media of trying to demonize her, adding “corruption in our elections systems is a national security threat.” She will face Benson, a former law school dean seeking her second term.
“All one has to imagine is what it would be like or what it would have been like if Brad Raffensperger had said, ‘Yes, I will find you those votes and deliver Georgia for you,’” Benson said. “That’s what could happen if you have an election denier serving as secretary of state.”
Raffensperger is the Republican secretary of state in Georgia who withstood enormous pressure to uphold the results of the presidential race there, won by Biden. At one point after the election, Trump called Raffensperger and asked him to “find” nearly 12,000 votes to overturn Biden’s win.
Of the 25 secretary of state races on the ballot this year, nine Republican and seven Democratic incumbents are running to keep their seats. While only one of the Democratic incumbents has drawn a challenger, seven Republican secretaries will be facing at least one GOP opponent who either denies Biden won or makes unsubstantiated claims that elections are not secure.
This includes Raffensperger, who rebuffed Trump’s demands and has drawn three primary challengers. Among them is one endorsed by Trump, U.S. Rep. Jody Hice, who objected to Georgia’s electoral votes being counted for Biden.
In nine states, incumbents have opted against seeking reelection, are running for higher office or are term-limited, leaving open contests. This includes Arizona and Nevada, which hold primaries in the coming months.
Both races feature Republican candidates -- Arizona’s Mark Finchem and Nevada’s Jim Marchant -- who have questioned the outcome of the 2020 election.
Another high-profile race is unfolding in Colorado, where a Republican county clerk under indictment for a security breach of voting systems is running to challenge Secretary of State Jena Griswold, a Democrat seeking a second term.
Mesa County Clerk Tina Peters has denied the charges, calling them politically motivated. She has been a frequent guest on conservative media and appeared at various events with Mike Lindell, the MyPillow CEO and Trump ally who has sought to prove voting machines were somehow manipulated in 2020.
In an interview earlier this year, Peters said she was committed to finding the truth of what happened in 2020 and hoped “the powers that be — instead of taking time to attack me — would solve violent crime, would look into election irregularities and find the truth.”
Colorado Republicans will be deciding who their nominee will be in late June.
“Americans are going to have a very simple choice — do we want people overseeing elections who believe in upholding the will of the voter regardless of how they voted?” said Griswold. “Or do we want extremist politicians who will do anything it takes to tilt elections in their favor and claim victory regardless of how the American people cast their ballot?”
___
Associated Press writer Julie Carr Smyth in Columbus, Ohio, contributed to this report.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/04/30/gop-election-deniers-elevate-races-secretary-state/ | 2022-05-01T05:45:49Z |
Notabene's Sunrise plan seamlessly facilitates Travel Rule compliant data exchanges across jurisdictions.
NEW YORK, June 8, 2022 /PRNewswire/ -- On a mission to enable safe, secure, and private crypto transactions, industry-leading Notabene announced today the launch of a Sunrise Plan to allow Virtual Asset Service Provider (VASP) counterparties to respond to Travel Rule data transactions for free. From its inception, Notabene has prioritized a pragmatic approach to Travel Rule compliance and aims to help the 32k+ service providers (Source: VASPnet) worldwide comply with the latest AML requirements.
The "sunrise period" refers to the period during which the Travel Rule is not in full effect across jurisdictions, which causes variation in stages of implementation across VASPs. During sunrise, many companies are not yet prepared to perform the Travel Rule or have the infrastructure to respond to Travel Rule requests, yet a company is not fully compliant if its counterpart does not respond to outbound transfer requests. Notabene has identified this as a significant issue and launched the Sunrise plan to help their customers' counterparties respond to regulated data transfers, and in turn keep them from losing transaction volume. The Sunrise plan is straightforward to use, with no integration required.
"Our customers' success is critical—and they cannot succeed if their counterparties don't have the tools readily available to respond to them. Implementing the Travel Rule comes with novel complexity as it requires ongoing assistance to set up new compliance and operational processes," said Pelle Braendgaard, CEO and Co-Founder of Notabene. "One of our core principles was that if a VASP's counterparty was not ready to be fully compliant, they could at least respond to transactions using our universal protocol switch. This is why we have now launched a free plan for companies to securely and privately respond to Travel Rule data transfers. If they had no solution in place to respond, our customers would not be able to achieve phased compliance by sending the mandated Travel Rule data transfer."
Notabene's Sunrise Plan addresses one of the top issues keeping VASPs from adhering to the mandated regulation. The simple, no-integration solution grants access to Notabene's powerful Travel Rule compliance dashboard, allowing Compliance Officers to set up secure automated compliance workflows while benefiting from Notabene's award-winning integrations with blockchain analytics and sanctions screening providers. Users can perform mandated VASP due diligence, respond to unlimited Travel Rule data transfers, and send free transfers up to $10K per month.
Notabene's Sunrise Plan solution incorporates Notabene's proprietary protocol switch, connecting users to the broadest number of counterparties worldwide. Today, major crypto exchanges and financial institutions worldwide use Notabene's solution to send and receive Travel Rule data transfers across 210+ exchanges. Notabene has achieved a high level of success with a response rate of over 50%. It's easy UX and tiered secure integration allow customers to respond to incoming Travel Rule transactions within 10 minutes securely. Log into Notabene's VASP & Crypto Company Directory and use the rules engine and bulk action functionalities to manage your transfer flow to sign up for the free Sunrise Plan.
Notabene is a reg-tech SaaS solution that turns regulatory compliance into a competitive advantage. Notabene is working to make crypto transactions a part of the everyday economy by providing software, tools, and comprehensive data to manage regulatory and counterparty risks in crypto transactions. Companies leverage our end-to-end FATF Travel Rule solution to identify virtual asset accounts, perform mandated VASP due diligence, and manage global transactions from one dashboard. Trusted by leading exchanges, Luno, Bitso, Crypto.com, and more. Notabene is headquartered in New York with offices in Zug and Santiago de Chile. Download a copy of Notabene's State of Crypto Travel Rule Compliance Report. To learn more, visit http://www.notabene.id. Follow us on LinkedIn and Twitter.
Media Contact:
Liang Zhao
lz@vansary.com
505-720-6933
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SOURCE Notabene | https://www.mysuncoast.com/prnewswire/2022/06/08/crypto-compliance-solution-provider-notabene-launches-free-sunrise-plan/ | 2022-06-08T12:09:03Z |
Occupants were able to evacuate from a kitchen fire in Manhattan Sunday
TOPEKA, Kan. (WIBW) - No one was hurt in a kitchen fire in Manhattan on Sunday afternoon.
According to the Manhattan Fire Department, around 12:20 p.m. on Sunday afternoon, fire crews were dispatched to 2911 Dondee Drive for a report of a structure fire.
When crews arrived, they found a one-story single-family dwelling with light smoke showing from the rear.
The home was searched for occupants and crews extinguished a stove fire that had spread into the hood, and then to the outside of the structure.
The fire was extinguished within 10 minutes.
Manhattan Fire says One occupant was evaluated on scene by Riley County EMS for smoke inhalation.
Five dogs and the occupant exited the structure before our arrival, and another dog was removed uninjured after the fire was extinguished.
The loss is estimated at $5,000 for contents and $20,000 for the structure.
The owner is listed as Paul Nobbe Jr. of Honolulu, HI.
The fire cause is under investigation at this time.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/04/03/occupants-were-able-evacuate-kitchen-fire-manhattan-sunday/ | 2022-04-04T00:42:20Z |
Body cam shows officers shoot, kill 17-year-old driver
By Kelsee Ward
Click here for updates on this story
O’FALLON, Missouri (KMOV) — St. Charles County Police Department released a video providing an in-depth breakdown after a young man was shot and killed in O’Fallon, Mo.
Police said officers approached a vehicle around 11 a.m. on Jan. 23 after getting a call that two 17-year-olds were sleeping inside their silver car in the 500 block of Prentice Drive in O’Fallon, Missouri blocking a resident’s driveway. After being dispatched to the home, police asked the driver to open the doors but they refused. Police said one of the officers saw a gun inside the car. Body camera caught the officer breaking the driver’s side window with his gun before the driver sped off.
Video captured the officers firing several shots at the silver car. Police said the crashed car was found near Mexico Road and Aspen Pointe Drive.
The 17-year-old driver was struck by gunfire and was later pronounced dead at an area hospital. No officers were injured in the incident.
A passenger in the vehicle was taken into custody. Police said the driver’s gun and vehicle were reported stolen out of St. Louis County.
Both officers were placed on administrative following the incident until the investigation is was concluded, which is part of department policy.
Today, St. Charles County Prosecuting Attorney Tim Lohmar held a press conference to explain his office’s decision not to press any charges against the two officers in this incident.
“I could say that what I saw in the video and what anybody who sees the video would probably say along with me, is it’s disturbing. I don’t like what I saw. Knowing the results of course it makes it even all that much more tragic,” said St. Charles County Prosecuting Attorney Tim Lohmar. “I’ve never been a police officer, although I work closely with them. I know that in many circumstances, this being a prime example, they have a split second to make a determination about what the next move is.”
He says in this instance, the officers were justified in using force because they had a reasonable belief that they were in danger if they did not take action.
“We believe that the shooting was in fact justified,” said Lohmar “The officers had the legal right to use lethal force and tragically that lethal force led to the loss of life of a young man.”
L:ohmar says he knows people are going to question the contents of the video, but he also says that it is important to know not everything the officers experience in the moment during an incident like this is captured easily through body cameras.
“They just don’t have the luxury of time to evaluate and retreat, consider their options. you hope their training takes over, and hopefully it does,” he said.
This is the first critical incident video ever released by the St. Charles County Police Department. Lohmar says the public can expect similar videos in the future, whenever an incident like this occurs.
“It creates open communication and the feeling among the community for the most part that they’re not trying to hide anything. they’re trying to show you what they looked and what their officers were doing when they made the decision that they made.”
The St. Charles County Police Department tells News 4 their department is currently in the process of developing a policy on how critical incident videos will be released moving forward.
Please note: This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform. | https://localnews8.com/cnn-regional/2022/04/30/body-cam-shows-officers-shoot-kill-17-year-old-driver/ | 2022-04-30T22:47:41Z |
What seemed like an innocent Christmas gift of 24 English rabbits in 1859 would go on to become Australia's "most devastating biological invasion," according to a new study by the Proceedings of the National Academy of Sciences.
Wild rabbits are not native to Australia and are considered an invasive species. Farmers say the animals multiply quickly and destroy their crops and land, which can lead to massive soil erosion and other environmental issues.
"Biological invasions are a major cause of environmental and economic disruption," researchers wrote.
"(And) the colonization of Australia by the European rabbit is one of the most iconic and devastating biological invasions in recorded history."
Using historical accounts, researchers were able to piece together genetic evidence linking this invasion to English rabbits imported in 1859 by a settler named Thomas Austin, tracing the population back to Austin's birthplace in England.
According to historical records, Austin had started off with just 24 rabbits on his sprawling Melbourne estate. But within three years, the animals had multiplied into the thousands -- and kept on breeding, researchers noted.
"Our findings show that despite the numerous introductions across Australia, it was a single batch of English rabbits that triggered this devastating biological invasion -- the effects of which are still being felt today," said lead author Joel Alves, also a researcher at the University of Oxford.
"That single event triggered this enormous catastrophe in Australia; the fastest colonization rate for an introduced mammal ever recorded."
While Austin was not the first person to introduce rabbits to Australia -- five of the animals had been aboard the First Fleet of British ships that reached Sydney in 1788 and at least 90 more importations were made over the next 70 years -- it was the descendants of his 24 rabbits that would come to dominate the continent, the study said.
And it concluded that nearly all of Australia's 200 million wild rabbits can be traced to that fateful shipment he received in 1859.
"Environmental change may have made Australia vulnerable to invasion," researchers said. "But it was the genetic makeup of a small batch of wild rabbits that ignited one of the most iconic biological invasions of all time."
The researchers also studied how the population of rabbits had managed to survive and thrive in Australia's harsh wilderness.
Genetic analysis revealed that unlike earlier Australian rabbits, which displayed domesticated traits like "tameness, floppy ears and fancy colored fur," rabbits descended from Austin's brood had a large amount of wild ancestry.
"If animals are bred for domestication, one of the things they lack is anti-predator behavior, (which) is both learned and also evolved," said study co-author Mike Letnic of the University of New South Wales.
Rabbit plagues have occurred several times throughout parts of Australia for decades. The continent is still struggling with its wild rabbit population today.
The report, its researchers said, showed the importance of maintaining strict biosecurity in Australia.
"These findings matter because biological invasions are a major threat to global biodiversity and if you want to prevent them you need to understand what makes them succeed," researchers said.
"The (event) serves as a reminder that the actions of just one person, or a few people, can have a devastating environmental impact."
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STOCKHOLM, July 8, 2022 /PRNewswire/ -- Hygiene and health company Essity acquires 80% of the Canadian company Knix Wear Inc. ("Knix"), a leading provider of leakproof apparel for periods and incontinence. The purchase price amounts to USD 320m (approximately SEK 3.3bn) on a cash and debt free basis for 80% of the company. Through the acquisition Essity will become the global market leader within leakproof apparel*, the fastest growing product segment in Intimate Hygiene which includes Feminine Care and Incontinence Products.
Leakproof apparel has an expected annual growth rate of more than 20% for the next five years**. Essity is already active in the leakproof apparel market within Feminine Care with brands such as Libresse, Bodyform, Saba and TOM Organic, and within Incontinence Products with the TENA brand.
"I am delighted to welcome Knix to Essity. It's a successful company with an impressive track record. Essity is now becoming the global market leader in leakproof apparel, which is an important step towards our goal of being the world's fastest growing company in Intimate Hygiene, providing increased well-being for customers and consumers," says Magnus Groth, President and CEO of Essity.
Knix was founded in 2013 by CEO Joanna Griffiths with the mission to redefine intimates. Knix and their teen brand, Kt by Knix, offer a broad assortment of intimate apparel with leading positions in the growing leakproof apparel category. The company has strong presence in US and Canada and sells mainly direct-to-consumer through online channels, supplemented by six Knix retail stores. Essity acquires 80% of the shares in Knix. Joanna Griffiths will hold the remaining 20% share and will stay on as President of Knix. The total enterprise value of Knix amounts to USD 400m (approximately SEK 4.1bn).
In 2021, the company reported net sales of CAD 133.6m (approximately SEK 914m) and a sales growth of 97%. The EBITDA amounted to CAD 13.8m (approximately SEK 95m) and EBITA to CAD 13.4m (approximately SEK 92m). The gross margin was high and EBITA margin amounted to 10.0%. Knix has approximately 200 employees and headquarter in Toronto, Canada.
"As a pioneer in the reusable leakproof underwear category, it is a dream come true to partner with Essity. We both share the same goals of improving our customers' lives and having a positive impact in the communities in which we serve. I am thrilled to begin this next chapter together and continue to build upon Knix's terrific growth and momentum," says Joanna Griffiths, founder and CEO of Knix.
The transaction is subject to customary regulatory approvals and is expected to be finalized in the second half of 2022.
Webcast for media, investors and analysts
A presentation will be held today, July 8, at 09:00 CET with Essity's President and CEO Magnus Groth, CFO and Executive Vice President Fredrik Rystedt and Knix's founder and CEO Joanna Griffiths. The presentation will be live webcasted at https://essity.videosync.fi/2022-07-08
You can also participate by telephone, call: +46 (0)8 566 427 54 or +44 (0) 330 165 36 41 or
+1 646 828 80 82. Specify "Essity" or conference id 444 564.
*Estimate based on market data compiled by Essity.
**Estimate based on market data compiled by Essity excluding Asia.
For further information, please contact:
Per Lorentz, Vice President Corporate Communications, +46 733 13 30 55, per.lorentz@essity.com
Johan Karlsson, Vice President Investor Relations, +46 705 11 15 81, johan.ir.karlsson@essity.com
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SOURCE Essity | https://www.kxii.com/prnewswire/2022/07/08/essity-acquires-knix-takes-global-lead-leakproof-apparel/ | 2022-07-08T06:35:40Z |
Special students in Trenton get to shine on the field
Trenton Special School District sponsored its inaugural "Take It to the Field," which was a field day for its special education students. Family cheered the students on as they took the field in competition.
"This idea originated back in January 2020," said Amy Allen. "COVID came in March and shut down schools and operations. Parents and staff were not comfortable hosting the event until now."
Allen is the supervisor of special school students in Trenton.
After two years of planning and waiting, students were eager to show off their skills on the football field.
They competed in eight categories including a baseball throw, a football throw, soccer kick, beanbag toss, obstacle course, a 50-yard dash, a relay and a long jump.
Thirty-five students, ages 3 through 21, participated in the field activities. Peer volunteers from all three schools in the district assisted with the event.
"We normally participate in the Special Olympics but haven't since COVID," said Allen. "But today, we wanted to allow those students who would not be given a chance to compete in the Olympics to shine on field day."
The excitement filled the air as the students worked hard and gave it their best shot. Allen and her team have already started the planning process for next year's event.
Katrina Smith is an education reporter at The Jackson Sun. Send those story ideas to kmsmith@gannett.com | https://www.jacksonsun.com/story/news/2022/05/13/tssd-amy-allen-field-day-trenton-tennessee/9664483002/ | 2022-05-13T08:43:52Z |
DA: Mother, boyfriend could face death penalty for killing 2-year-old boy
HOUMA, La. (WVUE/Gray News) - Authorities in Louisiana say they might seek the death penalty in a case involving a boy’s mother and her boyfriend after police found the 2-year-old’s body in a trash can.
Police identified the 2-year-old as Ezekiel Harry. His mother, Maya Jones, 28, and her boyfriend, 37-year-old Jermaine Robinson, were arrested by the Houma Police Department. They are facing first-degree murder charges, as reported by WVUE.
On Tuesday, Louisiana State Police initially issued an endangered and missing child alert for Harry. Authorities said Jones told them that he was abducted while walking with his siblings.
About six hours after that initial alert, Houma police reported they found Ezekiel’s body stuffed in a trash can.
Detectives said they also found information that led them to suspect foul play in the incident before arresting Jones and Robinson.
On Wednesday, Houma Police Chief Dana Coleman showed images from surveillance video that authorities said showed Jones walking and driving around with a black duffel bag that contained the boy’s body before dumping it in a trash can.
“This is absolutely a death penalty case,” Terrebonne Parish District Attorney Joe Waitz said. “What happened to this little 2-year-old shocks the conscience.”
Investigators said they are looking into whether there was a documented history of abuse at the boy’s home as past physical abuse has been suspected.
Louisiana has carried out one execution in the past 20 years.
Copyright 2022 WVUE via Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/07/14/da-mother-boyfriend-could-face-death-penalty-killing-2-year-old-boy/ | 2022-07-14T02:07:26Z |
NEW YORK, May 13, 2022 /PRNewswire/ -- On May 12, the US Food and Drug Administration (FDA) granted approval to oral edaravone (RADICAVA ORS) for the treatment of amyotrophic lateral sclerosis (ALS). To date, RADICAVA ORS is the sixth disease modifying drug approved to treat ALS. RADICAVA ORS will be made available in the United States (US) and marketed by Mitsubishi Tanabe Pharmaceutical America (MTPA).
There is currently no cure for ALS and approved therapies only moderately slow the progression of disease. In 1995, the glutamate blocker riluzole (Rilutek) was approved by the FDA for treatment of ALS and was shown to moderately increase life expectancy by three to six months. Two additional formulations of riluzole have also been approved to address problems associated with swallowing. Thickened riluzole (Tiglutik) was approved in 2018 and a riluzole oral film (Exservan) was approved in 2019. In 2011, the combination of dextromethorphan HBr and quinidine sulfate (Neudexta) was approved for treatment of pseudobulbar affect (PBA), the involuntary crying and/or laughing episodes which can occur in some people with ALS. Finally, 22 years after the introduction of riluzole, the antioxidant drug edaravone (RADICAVA), requiring intravenous (IV) administration, was approved in 2017. With the current approval, people with ALS have a new option in their therapeutic arsenal.
"The approval of the oral formulation of RADICAVA is a helpful step forward for the ALS community," said MDA Chief Research Officer Dr. Sharon Hesterlee. "Patients are no longer limited to the IV formulation of edaravone. This new formulation can be taken orally or via feeding tube, allowing patients flexibility as to how they take their medication."
ALS is a progressive neuromuscular disease in which muscle-controlling nerve cells called motor neurons are destroyed, causing muscles to become nonfunctional. This results in muscle weakness, disability, and eventually death. The exact cause for ALS is still unknown. About 10% of cases have known genetic causes, but the remaining cases have no clear cause. Oxidative stress (toxicity due to harmful free radicals) has been associated with several neurodegenerative diseases, including ALS. Radicava is thought to protect neurons from the damage caused by oxidative stress in people with ALS. The oral formulation of RADICAVA provides more flexibility by allowing people to take the drug by mouth or via feeding tube, rather than requiring an IV.
Clinical trials support approval of RADICAVA ORS
The FDA based its decision to grant approval to RADICAVA ORS on the positive results of several studies conducted over the last decade to evaluate safety and efficacy of the IV and oral formulations of the drug. A pivotal phase 3 clinical trial in 137 people with ALS demonstrated that treatment with RADICAVA slowed loss of physical function by 33% compared to placebo, as measured by the ALS Functional Rating Scale-Revised (ALSFRS-R), a validated scale for monitoring disease progression. The findings of this study lead to the 2017 approval of RADICAVA. More recently, a global phase 3 clinical trial demonstrated the safety and tolerability of Radicava ORS after 24 weeks of treatment in 185 people with ALS. This study was conducted at 50 trials sites in the US, Canada, Europe and Japan, including 15 MDA Care Centers and one MDA Care Affiliate Center. The long-term safety and tolerability of RADICAVA ORS up to 96 weeks is currently being evaluated in an ongoing phase 3 study.
RADICAVA and RADICAVA ORS were generally well-tolerated in trial participants. The most common adverse events experienced by people treated with RADICAVA were bruising (contusion), problems walking (gait disturbance), and headache. Fatigue was observed in some people taking RADICAVA ORS. Hypersensitivity reactions and anaphylactic reactions have also been reported in people treated with RADICAVA.
To learn more about the approval of RADICAVA ORS, read the company's press release. For more information about the phase 3 trial leading to approval of RADICAVA ORS, visit ClinicalTrials.gov and enter "NCT04165824" into the search box.
About Muscular Dystrophy Association
Muscular Dystrophy Association (MDA) is the #1 voluntary health organization in the United States for people living with muscular dystrophy, ALS, and related neuromuscular diseases. For over 70 years, MDA has led the way in accelerating research, advancing care, and advocating for the support of our families. MDA's mission is to empower the people we serve to live longer, more independent lives. To learn more visit mda.org and follow MDA on Instagram, Facebook, Twitter, TikTok, and LinkedIn.
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SOURCE Muscular Dystrophy Association | https://www.wibw.com/prnewswire/2022/05/13/mda-celebrates-approval-mtpas-radicava-ors-treat-als/ | 2022-05-14T01:02:44Z |
ODOT planning more U.S. Route 62 construction work in Stark County in 2023
Joining the massive upgrade projects now underway on U.S. Route 62 in the Canton-Louisville area will be a paving project and the adding of an intersection turn lane.
This upcoming Ohio Department of Transportation project is slated to happen in 2023 and cost an estimated $4 million.
The paving and culvert maintenance work will focus on a 6.5-mile stretch of Route 62 between California Avenue NE to the west and the Route 62 intersection with state Route 173 (State Street NE) to the east.
"We don't have a specific date right now," said Ray Marsch, a public relations officer for ODOT. "Start date has not been determined. Some time in the winter we will have a better idea of a start date. It was just due for a resurfacing."
More: Road work in Stark CountyThe Wales Avenue NE improvements back on in Massillon
New turn lane coming to Kirby Avenue NE in Canton
About two miles west of the paving will be another component of the ODOT project. That will involve adding a right-turn lane to accommodate westbound Route 62 traffic that is turning north onto Kirby Avenue NE. Route 62 in this area also is known as Atlantic Boulevard NE.
"Back in 2008, ODOT studied the entire corridor of U.S. Route 62 between state Route 43 and state Route 44," Marsch said. "And they identified different issues there. This new right turn lane comes from that study."
Adding the turn lane will require a 60-day closure of Kirby Avenue NE just north of its intersection with Route 62.
The prospect of temporarily shutting Kirby Avenue NE raises concern with Rich Zwick, owner of Northeastern Pools & Spas, which is just north of the intersection at 4376 Kirby Ave. NE.
"If they shut down the intersection, how are people going to get here? Zwick asked. "Yes, it will impact us. It is going to make it inconvenient for customers to get here. It is going to be in the peak of our season, spring."
When Kirby Avenue NE is shut down, there will be provisions allowing neighborhood residents to drive on the street.
"With any residents we would never restrict that traffic," Marsch said.
Route 62 carries 28,400 vehicles per day at the Kirby Avenue NE intersection area, according to the Stark County Area Traffic Study.
The rationale behind adding the turn lane "could be a safety issue," said Jeff Dotson, technical director for Stark County Area Transportation Study. "You have got a long stretch of highway there. It allows for safer turning movements for people coming west and heading north on Kirby."
While the bulk of the paving project will occur in Nimishillen Township and the northern part of Louisville, the Route 62 and Kirby Avenue NE intersection is where Canton city and Plain Township meet.
Ongoing road work on U.S. Route 62 in Canton
ODOT is in the midst of $13.66-million construction project on U.S. Route 62 that is shifting the highway northward between Market Avenue N (state Route 43) and the Nimishillen Creek Middle Branch. The work is expected to continue through October 2024.
And farther east, the city of Canton has $2.2 million project underway that is realigning the Route 62 intersection with Rebar Avenue NE. This effort is expected to be finished in late September or early October. The project site is near the new Amazon warehouse being built on the former Skyland Pines Golf Club property.
More: Amazon warehouse preperationNew Amazon warehouse progressing.
For the most part, the 2023 paving project slices through a lesser-populated portion of eastern Stark County.
"A lot of Louisville residents will be affected," Nimishillen Township Trustee Donald Keefe said. "There will be more of them involved than in the township. It gets to be less people the further east you get in the township."
During the paving project, there will be some intention focused on bridges and culverts.
"It is all maintenance work," Marsch said. "We are not doing any replacements of any culverts."
Unlike with Kirby Avenue NE, there are no plans to completely close the two-lane U.S. Route 62 highway during the paving.
"It won't be a full closure," Marsch said. "One lane will be maintained in each direction."
At this time, no contractor has been selected to handle the 2023 U.S. Route 62 paving project. | https://www.cantonrep.com/story/news/local/2022/09/10/odot-planning-more-projects-along-u-s-route-62-in-stark-county/65746610007/ | 2022-09-10T09:23:27Z |
Oreo is bringing back pumpkin spice
Published: Aug. 3, 2022 at 1:59 PM EDT|Updated: 1 hour ago
(CNN) – Nothing marks the end of summer like the return of pumpkin spice – lattes, cinnamon rolls, beer, you name it.
Now, another company is getting back in on the fun weeks ahead of the fall season.
After a five-year hiatus, Oreo’s pumpkin spice sandwich cookies are returning.
The limited-edition cookie hits shelves Aug. 15.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.mysuncoast.com/2022/08/03/oreo-is-bringing-back-pumpkin-spice/ | 2022-08-03T19:09:52Z |
PALO ALTO, Calif., May 16, 2022 /PRNewswire/ -- ArmorCode, the leader in AppSecOps, is excited to announce that it has been selected as a 2022 TiE50 Winner in the prestigious TiE50 Awards Program. This thirteen year old awards competition is a program of TiEcon, the world's largest conference for tech entrepreneurs. ArmorCode was specifically recognized for its AppSecOps platform which enables application security teams to successfully scale their ability to identify, remediate and prevent application vulnerability and compliance issues.
"We are excited to be recognized for the innovation and disruption that our team at ArmorCode has achieved in the AppSecOps space," said Nikhil Gupta, co-founder and CEO of ArmorCode. "Receiving this award furthers our mission to democratize application security, and we look forward to continuing to provide AppSec teams with the visibility, actionable insight, automation, and integration needed to build, deliver, and scale an effective and efficient AppSec program across the entire organization and DevSecOps pipeline."
"Companies from diverse fields and in various stages submitted their applications to our prestigious TiE50 Awards, showcasing innovation and disruption. In addition to many sponsors for the TiE50 program, we also had in-kind sponsors offering a desirable list of perks and benefits apart from the award and recognition. TiE50 continues to partner with Meet the Draper's, a ground-breaking reality show, to give an opportunity to select companies to pitch to the show," said Kumar Sripadam, TiE50 Program Chair.
"TiE Silicon Valley is excited to announce the TiE50 winners. TiE50 awards is our way of giving visibility to startups and connecting them with our sponsors, partners, and investors in the TiE Ecosystem" said AGK Karunakaran, President, TiE Silicon Valley.
The TiE50 Awards were officially presented virtually to the winners during a ceremony on May 6th. For more information, please go to https://www.tiecon.org/tie50.
This award recognition comes on the heels of ArmorCode's recent announcement as a proud Diamond sponsor of AppSecCon 2022, a premier virtual application security event that will take place on May 18-19, 2022 from 9 a.m. to 2 p.m. (PT) each day. This event will be hosted by The Purple Book Community, a community of top security leaders, and is expected to host thousands of leading security professionals from around the world. For more information and to register, please visit https://www.thepurplebook.club/appseccon.
About ArmorCode
ArmorCode is the industry's leading AppSecOps platform. ArmorCode customers reduce application exposure and risk, while scaling AppSec effectiveness and impact by 10x or more across the organization. ArmorCode customers use the platform for AppSec Posture, Vulnerability, and Compliance Management and DevSecOps automation. ArmorCode AppSecOps platform is delivering a 10X AppSec Force Multiplier™ impact to several marquee enterprises. To learn more, please visit www.armorcode.com and follow us on Twitter and LinkedIn.
About TiE50
Now celebrating its thirteenth year, TiE50 Awards provides a one-of-a-kind showcase for the world's top technology and technology-enabled startups. TiE Silicon Valley's premier annual awards program is keenly contested by thousands of early-to-mid-stage startups of all sizes representing a wide range of verticals. Applications are rigorously reviewed by a panel of judges including venture capitalists, angels, successful entrepreneurs, and corporate executives. Since its inception, 84 percent of TiE50 winners and top startups have been funded at a total of over $1 billion. Many of these companies went on to acquisition or IPO with 29 of the exits at over $100 million.
About TiEcon
TiEcon is the world's largest conference for entrepreneurs and intrapreneurs with participation from top technology companies, leading venture capital firms, and global service providers. Delegates range from CEOs of top companies to first-time entrepreneurs, as well as corporate executives and investment professionals.
TiEcon has been ranked alongside the World Economic Forum, TED, and DEMO as one of the top 10 conferences worldwide for ideas and entrepreneurship by Worth Magazine. TiEcon 2022 is expected to attract more than 10,000 people from across the globe in celebration of the spirit of entrepreneurship. More information: TiEcon.org
Media Contact:
Nathaniel Hawthorne
(661) 965-0407
armorcode@luminapr.com
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SOURCE ArmorCode | https://www.mysuncoast.com/prnewswire/2022/05/16/armorcode-named-tie50-award-winner-tiecon/ | 2022-05-16T14:14:51Z |
WASHINGTON, Sept. 2, 2022 /PRNewswire/ --
News Advisory:
What: National Press Club Newsmaker News Conference on the recent devastating floods in Pakistan that began last month.
When: Friday, Sept. 9, 2022, at 10a.m. Eastern
Who: Ambassador Masood Khan of the Islamic Republic of Pakistan
Where: National Press Club, 529 14th Street NW, Washington, DC 20045. 13th Floor
Details:
The world has seen shocking video of the recent record flooding in Pakistan but the impact on the country is far greater than even these videos (mostly from cities) suggest. The number of people who are displaced, missing or dead are high and climbing rapidly. Ambassador Khan will provide a briefing on what is now known of the situation and what is projected in the short and longer term. He will discuss relief efforts and how Americans can best help. And he will take questions from the press.
Ambassador Khan has just recently assumed his role in DC. He served in DC once before from 1997-2002. The Ambassador served as Pakistan's representative to the United Nation's from 2012-2015. He has had other significant postings in China and Geneva and was Spokesman for the Foreign Ministry from 2003-2005. Early in his career, the Ambassador was a journalist, working as a television host and a radio newscaster.
This event is open to credentialed news media, members of the National Press Club and their guests.
Founded in 1908, the National Press Club is the world's leading professional organization for journalists. With 3,000 members representing nearly every major news organization, the Club is a leading voice for press freedom in the U.S. and worldwide.
Contact: Bill McCarren, 202-662-7534 for the National Press Club
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SOURCE National Press Club | https://www.kxii.com/prnewswire/2022/09/02/floods-pakistan-examined-national-press-club-newsmaker-friday-september-9/ | 2022-09-02T20:33:56Z |
ST. PETERSBURG, Fla. (AP) — Brandon Lowe and Yandy Díaz homered as the Tampa Bay Rays beat the Cleveland Guardians 6-4 on Saturday.
The Rays had dropped two consecutive games, getting one run and 10 singles in 18 innings over the stretch.
Corey Kluber (7-6) allowed four runs and eight hits with a season-high 10 strikeouts in six innings and improved to 2-0 in two career starts against Cleveland, where he won the AL Cy Young Award in 2014 and 2017.
Pete Fairbanks struck out José Ramírez on three pitches with two on and two outs in the ninth to get his second save.
Andrés Giménez homered for the Guardians, who are 5-5 on an 11-game road trip.
Lowe connected on a two-run homer in the first and René Pinto had a second-inning RBI double off Zach Plesac (2-9) as Tampa Bay took a 3-0 lead.
Díaz’s two-run shot in the fifth put the Rays ahead 5-1.
Brett Phillips, who had seven hits in his previous 89 at-bats, had an RBI single with two outs in the eighth that made it 6-4.
The Rays gave away a Devil Rays basketball jersey with Phillips’ name on it to fans in attendance.
Owen Miller had a fourth-inning, run-scoring single before Giménez got Cleveland within 5-4 on a three-run drive in the sixth.
Plesac, winless over his last nine starts, gave up five runs and seven hits in five innings.
Cleveland rookie Steven Kwan extended his hitting streak to 13 games with a fifth-inning double.
COWBOY JOE
Retired umpire Joe West was at the ballpark taking part in a documentary. He spent time on the field with former umpire Richie Garcia and members of the umpiring crew working the weekend series.
HOOP IT UP
Phillips grew up a Devil Rays fan in nearby Seminole, Florida, and played basketball with his neighbor, pro wrestler Macho Man Randy Savage.
“Here we are in my hometown, a giveaway … Crazy, absolutely crazy,” Phillips said.
The announced attendance was 22,756, well above the Rays’ home season average of 13,819.
TRAINER’S ROOM
Guardians: 1B Josh Naylor was scratched due to right ankle soreness.
Rays: LHP Jalen Beeks (right lower leg tightness) was reinstated from the 15-day IL and RHP Luke Bard was optioned to Triple-A Durham. … RHP Tyler Glasnow (Tommy John surgery, Aug. 2021) threw off a bullpen mound. He is not expected back until next year.
UP NEXT
Rays All-Star Shane McClanahan (10-3, 1.76 ERA) is Sunday’s starter. The lefty has gone six or more innings and allowed two earned runs or fewer in 13 consecutive starts. It’s the majors longest stretch since the Chicago Cubs’ Jake Arrieta had a 14-game run from July 30, 2015 to April 4, 2016. Cleveland has not announced its starter.
___
More AP MLB: https://apnews.com/hub/MLB and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/lowe-and-diaz-homer-rays-beat-guardians-6-4/ | 2022-07-31T00:54:37Z |
'This project will be important to strengthen our competitiveness and ability to develop and renew the business'
OSLO, Norway, April 26, 2022 /PRNewswire/ -- Infor, the industry cloud company, today announced that Jernia has decided to work with Infor and its partner Columbus Norway to replace an old enterprise resource planning (ERP) system with Infor Cloudsuite Distribution Enterprise, a standardized industry solution for retail trade.
Learn more about Infor CloudSuite Distribution Enterprise: https://www.infor.com/products/cloudsuite-distribution-enterprise
Jernia was established in Norway in 1951 as a purchasing collaboration to offer home goods. Today, Jernia AS is a holding, marketing and distribution company for household items, kitchen equipment, hardware, tools, paint, grills, and interiors.
"Moving our ERP solution to the multi-tenant cloud is an important part of the digitalisation journey for the entire group and lays the foundation for tomorrow's solutions that will give us the competitiveness we need to give our customers the best help," says Sondre Eftedal, CIO at Jernia. "Infor CloudSuite Distribution Enterprise has a lot of the functionality we need today and, as a cloud solution, it covers our strict requirements for uptime, scalability and security."
Espen Enger, head of Infor solutions at Columbus, emphasizes that Infor's multi-tenant solution, powered by Amazon Web Services (AWS), is very competitive with its low operating costs. "At the same time, functionality is at the forefront because the solution is developed with customers in the retail trade worldwide by solving ever-new needs and requirements for relevant functionality, reliability and stability. This combination is one of our strongest competitive advantages," Enger says.
Jernia expects that the new ERP platform will contribute to better and more efficient collaboration throughout the group. The platform, which includes a user-friendly interface, is constantly updated with new and relevant functionality as well as more integrated processes across various functions in the company.
"The ERP system is the hub of our business with touch points throughout the organization. A significant factor in this choice has been that we enable further investment in our omnichannel concept, which is already among the best in the country. That is why our ERP platform is an important driver for our competitiveness," Eftedal says.
Infor CloudSuite Distribution Enterprise is updated monthly for customers in the retail trade, with a team dedicated to IT security and a cloud solution that ensures strict requirements for uptime. In addition, Infor has a strong focus on automating and streamlining business processes using AI.
"We have chosen an established partner that has good knowledge of Jernia's organization, business processes, and how we will implement the solution together. Columbus also has the ideal conditions to assist Jernia in both the management and the further development of our business processes. And not least, we have good chemistry that makes us look forward to further collaboration," Eftedal concludes. "This project will be important to strengthen our competitiveness and ability to develop and renew the business."
About Jernia
Jernia strikes a blow for the long-term, the sustainable and the reliable. For generations, Jernia has been an important local team player for people to succeed at home. And we must continue to do so. We want customers to succeed in everything from cooking to fixing the small projects. With professional knowledge, services and product selection, we give customers the best help, the right solutions and goods that last. And with over 130 stores combined with an online store, we meet customers exactly where they are. Jernia is here for the long run. With tomorrow's solutions, we will not only help customers live more sustainable lives, but also ensure that our employees are taken care of and have a good time at work. https://www.jernia.no/
About Columbus
Columbus is a global IT service and consulting organization with more than 2,000 employees, serving 5,000+ customers globally. Columbus creates lasting value for large private companies by developing their core processes and business operations digitally. We specialize in companies within production, food, retail and distribution. Columbus delivers, manages and further develops key business systems that cover the entire value chain. It includes everything from ERP systems, which are the blood vessels in companies, to e-commerce and CRM solutions that provide good customer experiences and increased revenue. With our global organization behind us, we are a proactive advisor and digital partner. Through strategic digital consulting, data-driven insight and innovative use of AI and machine learning, we create new, sustainable business opportunities and are a driving force for digital transformation for our customers. www.columbusglobal.no
About Infor
Infor is a global leader in business cloud software specialized by industry. We develop complete solutions for our focus industries, including industrial manufacturing, distribution, healthcare, food & beverage, automotive, aerospace & defense, and high tech. Infor's mission-critical enterprise applications and services are designed to deliver sustainable operational advantages with security and faster time-to-value. We are obsessed with delivering successful business outcomes for customers, and we are continually innovating to quickly solve emerging business and industry challenges. Over 60,000+ organizations in more than 175 countries rely on Infor's 17,000 employees and their deep industry expertise to help overcome market disruptions and achieve their business goals. As a Koch company, our financial strength, ownership structure, and long-term view empower us to foster enduring, mutually beneficial relationships with our customers, employees and partners. Visit www.infor.com.
For more information:
- Sondre Eftedal, CIO Jernia AS, email: sondre.eftedal@jernia.no
- Espen Enger, Columbus business line market unit director M3 Norway, email: espen.enger@columbusglobal.com, mobile: 47 99275701
- Erlend Skaar-Olsen, country manager Infor Norway, email: erlend.skaar-olsen@infor.com, mobile: 930 39 800
Copyright ©2022 Infor. All rights reserved. The word and design marks set forth herein are trademarks and/or registered trademarks of Infor and/or related affiliates and subsidiaries. All other trademarks listed herein are the property of their respective owners. www.infor.com
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SOURCE Infor | https://www.kxii.com/prnewswire/2022/04/26/jernia-making-home-erp-cloud-with-infor-columbus/ | 2022-04-26T11:09:23Z |
June 2022 Quarterly Activities Report
MELBOURNE, Australia, July 28, 2022 /PRNewswire/ -- Dubber Corporation Limited (ASX:DUB) ('Dubber' or 'the Company'), the leading unified call recording and voice intelligence platform to telecommunication service providers globally, today reports its 4Q FY22 Appendix 4C and Quarterly Activities to 30 June 2022.
- Annualised Recurring Revenue (ARR) increased by $5m QoQ to $59m (+51% pcp)
- Operating Revenue increased to $10.3m[1], up 12% QoQ (+41% pcp)
- Total annual revenue increased to $36m[1], up 75% on the previous financial year
- Cash receipts for the year were $29.9m, up 48% on the previous financial year
- Gross Margin on current revenues exceeded 70%
- Dubber subscribers exceed 580,000 (+38% pcp)
- Cash on hand at 30 June 2022 was $84.3m
- Dubber is fully funded and continues to invest in contracted and future growth with a focus on winning new service providers and expanding organic growth of users via the Dubber platform
- Appointments: Sarah Diamond (to be appointed) as Independent Non-Executive Director; Michael Abenhaim, SVP, Americas
The fourth quarter of FY22 saw the Company continue to scale up its business operations in line with global opportunities for its services as the telecommunications sector continues to be disrupted with major service providers seeking value added services and differentiation.
"In a period of macroeconomic uncertainty, we are proving the durability of both our revenue and value proposition for service providers and their customers. We continue to experience strong demand signals globally and are conservatively deploying our capital to ensure we execute against the opportunities before us," said Steve McGovern, CEO & Managing Director, Dubber.
Strategy Driving Compelling Outcomes
Revenue increased $1.1m QoQ to $10.3m[1], from sales executed in the previous quarter and reflecting service provider demand and continuing growth in subscribers. Annual revenue was $36m[1], up 75% on the previous financial year, with a reduction of costs when non-recurring costs are removed.
Annualised Recurring Revenue (ARR) increased by $5m to $59m. On a constant currency basis, ARR was $60m.
The Company continues to experience growth in contracted revenue and the increase in ARR includes adjustments for contracted deployments which have been delayed beyond the quarter as service providers productise Dubber's services into their operations support (OSS) and business support (BSS) systems. The Company still retains the contracted revenues from these partnerships on a forward basis.
To date, revenues have been largely driven by call recording service agreements. However, Dubber is currently engaged predominantly with tier one service providers regarding long term strategies for monetising the content from their calling networks. The adjusted growth in the quarter reflects the timing of Dubber's availability in major service provider networks and enterprise deployments. Revenue can be impacted by implementation from contract signing to deployment. The company remains extremely positive on the ARR outlook for FY23.
Cash receipts in the quarter were $6.7m, down $1.8m on the prior quarter due to outstanding payments. Outstanding payments are anticipated in the September quarter with a portion received in July. In addition, the Company advises it has invoiced for new deals delivered late in the quarter which are expected to be received on an ongoing basis.
The global acceleration by service providers to unlock the power of communication data within their networks has stimulated investment activity by Dubber in the quarter. The Company pursued its strategy to enable existing global service providers and connect new ones with the purpose of delivering an expanding suite of services that is applicable for the entirety of the end users on their networks.
Recurring call recording revenue is to date, the predominant income stream for the Company and has a 'cloud scale' business model with associated margins. Currently, the Company's recording revenue is supported by direct expenditure which results in a gross margin which is in excess of 70% for the first time.
The Company has a global platform at scale which can support significant increases in subscribers and, for the foreseeable future, gross margins will continue to improve as more customers are added to the Dubber platform.
The Company has recruited a world-class product and engineering team in FY2022 and is focussed on delivering a 'manufacturing line' of scalable and repeatable products for which there is existing demand. Since the capital raise in July 2021 and the subsequent acquisition of Notiv in September 2021, the Company is able to invest in line with its global strategy.
During the quarter, the company invested based on demand by:
- Extending engineering capabilities to develop the next generation of features and functions on the platform and in Dubber products, such as AI driven products born out of Notes by Dubber, that specifically drive user and revenue growth via service providers
- Expanding Dubber's regional footprint in sales in the Americas. The Americas team increased in size by 15 employees since the beginning of the calendar year, across the United States, Canada and Central America, adding significant experience of telecommunications and service provider knowledge from companies such as Cisco, Broadsoft and RingCentral. Michael Abenhaim joined Dubber in April, as Senior Vice President of Americas. Mr Abenheim brings more than 25 years of experience in selling and managing sales teams to telecommunications service providers with Cisco Broadsoft and, most recently, with RingCentral.
These initiatives remain pivotal to servicing major partnerships ahead of deployment in networks and to subscribers and supporting demand globally.
Business Performance Update
The Dubber platform is the only platform globally that can capture conversational data across multiple communication platforms as a native feature of service provider networks. Dubber enables both service providers and their enterprise, government, and business customers to extract value from every conversation.
More than voice recording and transcription, Dubber's AI conversational intelligence platform improves customer experience and remote workforce collaboration, easily and intuitively supporting compliance requirements and enabling training and dispute resolution without the requirement for hardware or capital expenditure.
A key element of Dubber's strategy is to extend its footprint with major service providers as Foundation Partners, where a Dubber service is embedded as a standard feature of every subscription on the service provider network as part of the telecommunications plan. Momentum with Foundation Partners continued late in the quarter and into the new financial year.
- USA-based NUWAVE is one of the fastest-growing providers of Microsoft voice services in North America and a key player in the Microsoft Operator Connect calling program. NUWAVE will deploy Dubber as a standard feature, at zero cost to the customer, when supplying Microsoft Teams on the NUWAVE iPILOT 2.0 Platform. The initial offering will enable an upgrade path for NUWAVE's end users to subscribe to Dubber's Unified Recording and Unified Recording+AI services which are integrated into iPILOT for automatic provision and available to NUWAVE clients from 1 August 2022. Other Dubber services are expected to be available to NUWAVE clients subsequently
- USA Unified Communications provider Ziro will launch Dubber Moments, an AI driven productivity widget which has been born out of Notes by Dubber (previously acquired from Notiv), which is automatically embedded within the Microsoft Teams application for every Ziro user. This provides speed to revenue for Dubber, and a seamless upgrade path for users to take advantage of the full Notes by Dubber experience, driving increased ARPU for Ziro and Dubber
- Dubber is in active negotiations with major service providers to implement Notes by Dubber in other major service provider networks and positive demand for both subscriptions and expansion to new networks such as mobile and unified communication platforms also continued with Dubber's major partners, including BT, Verizon, Cisco Webex and VM02 (Virgin Media & O2).
New deployments of Dubber with service providers increased during the June quarter to 175, up 9% on pcp. Churn with major service providers has not occurred since inception. Demand and aligned objectives with service providers are reflected in the highly sticky nature of Dubber services once embedded in a network.
Board appointment
In July, the company announced it will appoint Sarah Diamond to Dubber's Board as an Independent Non-Executive Director. Based in New York, Ms Diamond is a seasoned executive, most recently as Global Managing Director, Financial Services at IBM and will bring a wealth of international experience in business and technology to the company.
As announced, Ms Diamond's appointment will take effect upon her international application for a Directors Identification Number being ratified.
Dubber CEO & Managing Director, Steve McGovern
"The telecommunications sector is evolving quickly with service providers seeking to increase revenue streams with new products and services. The Dubber platform enables communications across networks to be converted into usable data and content - which has endless applications and opportunities for monetisation of products, with an addressable market which comprises the entire customer base of a network across all demographics from Enterprise and Government to Consumers.
Dubber is currently engaged with multiple tier one service providers to deliver these services at scale creating the reality of Conversational Data.
While compliance needs in regulated industries drove the first wave of demand for call recording and conversational data, a second wave is well underway for unified conversational recording and data to address a broad range of needs. These include improving remote work employee collaboration, driving productivity and revenue, actioning customer intelligence with real-time customer satisfaction reporting, and training and supporting dispute resolution.
Our opportunity is to increase exposure to the Dubber platform with users that continue to switch between mobile, unified and traditional communications services, effectively multiplying Dubber and our service providers' revenue opportunities as we address more endpoints and services than ever before.
Dubber's unique Foundation Partner model, which enhances our relationship with service providers and embeds a default Dubber solution, continues to be highly attractive to major service providers as evidenced by the addition of new Foundation Partners in the June quarter. Dubber recognizes revenue once services go live in the network and has direct access to customers to increase its ability to assist and drive increasing revenue together, in partnership with service providers, over the near-term.
We are market leaders in conversational recording, data, and AI globally. Increasing and maturing our engineering and product development capability will strengthen this leadership and ensure we continue to unlock the value in every conversation through innovative new services and products. The ability to drive world-class automation, analytics and insights through R&D make the Dubber platform an even more compelling proposition for services providers.
We are very excited about the future. Our revenue today largely reflects enterprise, business and government customers leveraging call recording from unified communication platforms. However, our focus on integration within mobile networks and unified communication platforms provides the ability to turn all conversations into content, and we believe that is valuable to every sector and demographic.
Our focus moving into the 2023 financial year, remains on delivering sustainable growth for our stakeholders by increasing the number of service provider networks and mobile integrations connected to the Dubber platform and expansion of services and margin with these providers.
We are thankful for the continued support of our team, shareholders, partners, and customers globally. We are currently planning an Investor & Technology Day, to be held in September, which will provide deeper insight into our business strategy and investment against the opportunity in which we hold absolute conviction."
Notes to the Appendix 4C
Cash outflows for the quarter shown in line 1.2(b) were subject to non-recurring and one-off items in the order of $1.5m which included:
- Consultant and legal fees in relation to potential acquisition targets;
- Staff recruitment fees;
- International Value Added Tax obligations;
- Cloud hosting; and
- Travel and accommodation.
The amounts shown at line 6.1 of the Appendix 4C relate to director fees and salaries. The expenditure incurred on the activities described in this report are materially salaries and operating costs set out in the Appendix 4C.
4Q FY22 Investor Webinar
Managing Director & CEO, Steve McGovern and Co-Founder & COO, James Slaney will present the June Quarter update at 9:15am AEST, on Friday 29 July 2022.
To register for the session and for more information on the conference, please click here:
Investors can submit questions prior to the webinar to simon.hinsley@dubber.net or do so via the Q&A functions on Zoom.
This ASX release has been approved by the Board.
About Dubber
Dubber enables service providers to unlock the potential of the network - turning every conversation into an exponential source of value for differentiated innovation, retention and revenue. Listed on the ASX, Dubber is the clear market leader in conversational intelligence and unified conversational recording - embedded at the heart of over 175 service provider networks and services and used daily by over 580,000 subscribers worldwide.
For more Information, please visit Dubber at dubber.net
Contact details
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NEW YORK, June 2, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Pegasystems Inc. ("PEGA" or the "Company") (NASDAQ: PEGA) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of PEGA investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of all persons and entities that purchased PEGA common stock between May 29, 2020 and May 9, 2022, inclusive. Follow the link below to get more information and be contacted by a member of our team:
PEGA investors may also contact Joseph E. Levi, Esq. via email
at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) PEGA had engaged in corporate espionage and misappropriation of trade secrets to better compete against Appian, a principal competitor; (2) defendants' product development and associated success was, in significant part, not the result of its own research and product testing but rather the result of such corporate espionage and trade secret theft; (3) defendants had engaged in a scheme to steal Appian trade secrets, which was not only known to, but carried out through, the personal involvement of the Company's CEO; (4) the Company's CEO and other officers and employees did not comply with the Company's written Code of Conduct, including its express prohibition on "stealing" confidential information from a competitor and "misrepresenting your identity in hopes of obtaining confidential information"; (5) the Company was "unable to reasonably estimate damages" in the lawsuit filed by Appian as a result of the foregoing misconduct (the "Appian Litigation"); and (6) as a result of the foregoing, defendants' statements about PEGA's business, operations, prospects, legal compliance, and potential damages exposure in the Appian Litigation were materially false and/or misleading and/or lacked a reasonable basis when made.
WHAT'S NEXT? If you suffered a loss in PEGA during the relevant time frame, you have until July 18, 2022 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.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
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Marriott Vacations Worldwide ("MVW") Reports First Quarter 2022 Financial Results
Published: May. 5, 2022 at 3:30 PM CDT|Updated: 1 hour ago
ORLANDO, Fla., May 5, 2022 /PRNewswire/ -- Marriott Vacations Worldwide Corporation (NYSE: VAC) (the "Company") reported first quarter 2022 financial results.
"Our start to 2022 was very strong, with first quarter adjusted EBITDA totaling $188 million and contract sales of $394 million, both exceeding pre-pandemic levels," said Stephen P. Weisz, chief executive officer. "Vacations continue to play an infinitely more meaningful role in people's lives, and with our resilient business model and portfolio of leading brands, we are well positioned for growth."
First Quarter 2022 Highlights:
Consolidated Vacation Ownership contract sales totaled $394 million in the first quarter of 2022; VPG remained strong at $4,706, slightly higher than the prior year quarter and up 9% sequentially.
Net income attributable to common shareholders was $58 million, or $1.23 fully diluted earnings per share.
Adjusted net income attributable to common shareholders was $81 million and adjusted fully diluted earnings per share was $1.70.
Adjusted EBITDA was $188 million in the first quarter of 2022, 13% higher than 2019, as the Company continues to see a strong recovery in the business.
During the first quarter of 2022, the Company returned approximately $168 million to shareholders, repurchasing nearly 765,000 shares of its common stock for $119 million at an average price per share of $156.50 and paying two quarterly dividends totaling $49 million.
The Company amended its revolving corporate credit facility, increasing its borrowing capacity to $750 million and extending the maturity date to March 31, 2027.
Subsequent to the end of the quarter, the Company closed on the sale of its VRI Americas business.
Vacation Ownership
Revenues excluding cost reimbursements increased 60% in the first quarter of 2022 compared to the prior year, reflecting improved performance from all of the Company's lines of business.
Segment financial results were $173 million in the first quarter of 2022 and Segment margin was 27%. Segment adjusted EBITDA increased $131 million to $199 million, with Segment adjusted EBITDA margin of 32%, over 1,400 basis points higher than the first quarter of 2021.
Exchange & Third-Party Management
Revenues excluding cost reimbursements increased 5% in the first quarter of 2022 compared to the prior year. Interval International active members increased 9% to 1.6 million and Average revenue per member decreased 6% compared to the prior year.
Segment financial results were $33 million in the first quarter of 2022 and Segment margin was 45%. Segment adjusted EBITDA was $43 million, an increase of $2 million compared to the prior year, with Segment adjusted EBITDA margin of 57%, roughly in line with the first quarter of 2021.
Corporate and Other
General and administrative costs increased $15 million in the first quarter of 2022 compared to the prior year as a result of higher salary costs due to reduced work week programs in the prior year, higher bonus expense, and a decrease in credits related to incentives under the CARES Act.
Balance Sheet and Liquidity
The Company ended the quarter with approximately $1.2 billion in liquidity, including $354 million of cash and cash equivalents, $120 million of gross notes receivable that were eligible for securitization, and $748 million of available capacity under its revolving corporate credit facility.
At the end of the first quarter of 2022, the Company had $2.7 billion of net corporate debt and $1.8 billion of non-recourse debt related to its securitized notes receivable.
Full Year 2022 Outlook (in millions, except per share amounts)
The Financial Schedules that follow reconcile the non-GAAP financial measures set forth below to the following full year 2022 expected GAAP results for the Company.
The Company is re-affirming guidance as reflected in the chart below for the full year 2022.
Non-GAAP Financial Information
Non-GAAP financial measures, such as Adjusted net income or loss attributable to common shareholders, Adjusted EBITDA, Adjusted EBITDA margin, Segment adjusted EBITDA margin, Adjusted pretax net income, Adjusted fully diluted earnings or loss per share, Adjusted development profit, Adjusted development profit margin, and other adjusted financial measures, are reconciled and adjustments are shown and described in further detail in the Financial Schedules that follow.
First Quarter 2022 Financial Results Conference Call
The Company will hold a conference call on May 6, 2022 at 8:30 a.m. ET to discuss these financial results and provide an update on business conditions. Participants may access the call by dialing (877) 407-8289 or (201) 689-8341 for international callers. A live webcast of the call will also be available in the Investor Relations section of the Company's website at ir.mvwc.com. An audio replay of the conference call will be available for 30 days on the Company's website.
About Marriott Vacations Worldwide Corporation
Marriott Vacations Worldwide Corporation is a leading global vacation company that offers vacation ownership, exchange, rental and resort and property management, along with related businesses, products and services. The Company has over 120 vacation ownership resorts and approximately 700,000 owner families in a diverse portfolio that includes some of the most iconic vacation ownership brands. The Company also operates exchange networks and membership programs comprised of nearly 3,200 affiliated resorts in over 90 nations, as well as provides management services to other resorts and lodging properties. As a leader and innovator in the vacation industry, the Company upholds the highest standards of excellence in serving its customers, investors and associates while maintaining exclusive, long-term relationships with Marriott International, Inc. and Hyatt Hotels Corporation for the development, sales and marketing of vacation ownership products and services. For more information, please visit www.marriottvacationsworldwide.com.
Note on forward-looking statements
This press release and accompanying schedules contain "forward-looking statements" within the meaning of federal securities laws, including statements about expectations for future growth and projections for 2022, that are not historical facts. The Company cautions you that these statements are not guarantees of future performance and are subject to numerous and evolving risks and uncertainties that we may not be able to predict or assess, such as: the effects of the COVID-19 pandemic, including reduced demand for vacation ownership and exchange products and services, volatility in the international and national economy and credit markets, worker absenteeism, quarantines or other government-imposed travel or health-related restrictions; the length and severity of the COVID-19 pandemic, including its short and longer-term impact on the demand for travel and on consumer confidence; the impact of the availability and distribution of effective vaccines on the demand for travel and consumer confidence; the effectiveness of available vaccines against variants of the COVID-19 virus; the pace of recovery following the COVID-19 pandemic or as effective treatments or vaccines become widely available; competitive conditions; the availability of capital to finance growth; the effects of steps we have taken and may continue to take to reduce operating costs and/or enhance health and cleanliness protocols at our resorts due to the COVID-19 pandemic; political or social strife, and other matters referred to under the heading "Risk Factors" in our most recent Annual Report on Form 10-K, and which may be discussed in our periodic filings with the U.S. Securities and Exchange Commission (the "SEC"), any of which could cause actual results to differ materially from those expressed or implied herein. These statements are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Financial Schedules Follow
A-14
MARRIOTT VACATIONS WORLDWIDE CORPORATION
NON-GAAP FINANCIAL MEASURES
In our press release and schedules, and on the related conference call, we report certain financial measures that are not prescribed by GAAP. We discuss our reasons for reporting these non-GAAP financial measures below, and the financial schedules included herein reconcile the most directly comparable GAAP financial measure to each non-GAAP financial measure that we report (identified by a double asterisk ("**") on the preceding pages). Although we evaluate and present these non-GAAP financial measures for the reasons described below, please be aware that these non-GAAP financial measures have limitations and should not be considered in isolation or as a substitute for revenues, net income or loss attributable to common shareholders, earnings or loss per share or any other comparable operating measure prescribed by GAAP. In addition, other companies in our industry may calculate these non-GAAP financial measures differently than we do or may not calculate them at all, limiting their usefulness as comparative measures.
Certain Items Excluded from Adjusted Net Income or Loss Attributable to Common Shareholders, Adjusted EBITDA, Adjusted Development Profit, and Adjusted Development Profit Margin.
We evaluate non-GAAP financial measures, including Adjusted pretax income or loss, Adjusted net income or loss attributable to common shareholders, Adjusted EBITDA, Adjusted EBITDA margin, Segment adjusted EBITDA, Segment adjusted EBITDA margin, Adjusted development profit, and Adjusted development profit margin, that exclude certain items in the three months ended March 31, 2022 and March 31, 2021, and believe these measures provide useful information to investors because these non-GAAP financial measures allow for period-over-period comparisons of our on-going core operations before the impact of these items. These non-GAAP financial measures also facilitate the comparison of results from our on-going core operations before these items with results from other vacation ownership companies.
Adjusted Development Profit (Adjusted Sale of Vacation Ownership Products Net of Expenses) and Adjusted Development Profit Margin.
We evaluate Adjusted development profit (Adjusted sale of vacation ownership products, net of expenses) and Adjusted development profit margin as indicators of operating performance. Adjusted development profit margin is calculated by dividing Adjusted development profit by revenues from the Sale of vacation ownership products. Adjusted development profit and Adjusted development profit margin adjust Sale of vacation ownership products revenues for the impact of revenue reportability, include corresponding adjustments to Cost of vacation ownership products associated with the change in revenues from the Sale of vacation ownership products, and may include adjustments for certain items as itemized on A-6, as necessary. We evaluate Adjusted development profit and Adjusted development profit margin and believe they provide useful information to investors because they allow for period-over-period comparisons of our on-going core operations before the impact of revenue reportability and certain items to our Development profit and Development profit margin.
Earnings Before Interest Expense, Taxes, Depreciation and Amortization ("EBITDA") and Adjusted EBITDA
EBITDA, a financial measure that is not prescribed by GAAP, is defined as earnings, or net income or loss attributable to common shareholders, before interest expense (excluding consumer financing interest expense associated with term loan securitization transactions), income taxes, depreciation and amortization. Adjusted EBITDA reflects additional adjustments for certain items, as itemized in the discussion of Adjusted EBITDA in the preceding pages, and excludes share-based compensation expense to address considerable variability among companies in recording compensation expense because companies use share-based payment awards differently, both in the type and quantity of awards granted. For purposes of our EBITDA and Adjusted EBITDA calculations, we do not adjust for consumer financing interest expense associated with term loan securitization transactions because we consider it to be an operating expense of our business. We consider Adjusted EBITDA to be an indicator of operating performance, which we use to measure our ability to service debt, fund capital expenditures and expand our business. We also use Adjusted EBITDA, as do analysts, lenders, investors and others, because this measure excludes certain items that can vary widely across different industries or among companies within the same industry. For example, interest expense can be dependent on a company's capital structure, debt levels and credit ratings. Accordingly, the impact of interest expense on earnings can vary significantly among companies. The tax positions of companies can also vary because of their differing abilities to take advantage of tax benefits and because of the tax policies of the jurisdictions in which they operate. As a result, effective tax rates and provision for income taxes can vary considerably among companies. EBITDA and Adjusted EBITDA also exclude depreciation and amortization because companies utilize productive assets of different ages and use different methods of both acquiring and depreciating productive assets. These differences can result in considerable variability in the relative costs of productive assets and the depreciation and amortization expense among companies. We believe Adjusted EBITDA is useful as an indicator of operating performance because it allows for period-over-period comparisons of our on-going core operations before the impact of the excluded items. Adjusted EBITDA also facilitates comparison by us, analysts, investors, and others, of results from our on-going core operations before the impact of these items with results from other vacation companies.
Adjusted EBITDA Margin and Segment Adjusted EBITDA Margin
We evaluate Adjusted EBITDA margin and Segment adjusted EBITDA margin as indicators of operating performance. Adjusted EBITDA margin represents Adjusted EBITDA divided by the Company's total revenues less cost reimbursement revenues. Segment adjusted EBITDA margin represents Segment adjusted EBITDA divided by the applicable segment's total revenues less cost reimbursement revenues. We evaluate Adjusted EBITDA margin and Segment adjusted EBITDA margin and believe it provides useful information to investors because it allows for period-over-period comparisons of our on-going core operations.
Free Cash Flow and Adjusted Free Cash Flow
We evaluate Free cash flow and Adjusted free cash flow as liquidity measures that provide useful information to management and investors about the amount of cash provided by operating activities after capital expenditures for property and equipment and the borrowing and repayment activity related to our term loan securitizations, which cash can be used for, among other purposes, strategic opportunities, including acquisitions and strengthening the balance sheet. Adjusted free cash flow, which reflects additional adjustments to Free cash flow for the impact of transaction and integration charges, impact of borrowings available from the securitization of eligible vacation ownership notes receivable, and changes in restricted cash, allows for period-over-period comparisons of the cash generated by our business before the impact of these items. Analysis of Free cash flow and Adjusted free cash flow also facilitates management's comparison of our results with our competitors' results.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.wibw.com/prnewswire/2022/05/05/marriott-vacations-worldwide-mvw-reports-first-quarter-2022-financial-results/ | 2022-05-05T21:47:29Z |
JUNO BEACH, Fla., July 29, 2022 /PRNewswire/ -- The board of directors of NextEra Energy, Inc. (NYSE: NEE) declared a regular quarterly common stock dividend of $0.425 per share. The dividend is payable on Sept. 15, 2022, to shareholders of record on Aug. 30, 2022.
NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company headquartered in Juno Beach, Florida. NextEra Energy owns Florida Power & Light Company, which is America's largest electric utility that sells more power than any other utility, providing clean, affordable, reliable electricity to approximately 5.8 million customer accounts, or more than 12 million people across Florida. NextEra Energy also owns a competitive clean energy business, NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world's largest generator of renewable energy from the wind and sun and a world leader in battery storage. Through its subsidiaries, NextEra Energy generates clean, emissions-free electricity from seven commercial nuclear power units in Florida, New Hampshire and Wisconsin. NextEra Energy has been recognized often by third parties for its efforts in sustainability, corporate responsibility, ethics and compliance, and diversity. NextEra Energy is ranked No. 1 in the electric and gas utilities industry on Fortune's 2022 list of "World's Most Admired Companies," recognized on Fortune's 2021 list of companies that "Change the World" and received the S&P Global Platts 2020 Energy Transition Award for leadership in environmental, social and governance. For more information about NextEra Energy companies, visit these websites: www.NextEraEnergy.com, www.FPL.com, www.NextEraEnergyResources.com.
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Dr. Laura Mauri will drive integration of medical and scientific intelligence and patient safety and engagement as chief scientific, medical and regulatory officer
DUBLIN, April 25, 2022 /PRNewswire/ -- Medtronic plc (NYSE:MDT) today announced that Laura Mauri, M.D., M.S.c. has been appointed Medtronic Chief Scientific, Medical and Regulatory Officer. This appointment adds to Dr. Mauri's prior responsibilities as chief clinical and regulatory officer, aligning and integrating the company's scientific, medical, clinical research and regulatory affairs under her leadership. It leverages her deep expertise and understanding of the interaction between patients and medical technology to accelerate innovation that puts patients first. Dr. Mauri will also continue to serve as a member of the Medtronic Executive Committee.
"With this appointment, we're enabling a patient-centered approach to healthcare technology innovation at every stage of the product lifecycle," said Geoff Martha, chairman and CEO, Medtronic. "Dr. Mauri's expertise and leadership connects medical and scientific intelligence, ensuring we have a clear appraisal of the medical and scientific landscape as we make investment decisions, and helping to deliver effective and reliable innovations for patients and healthcare providers."
Priorities for Dr. Mauri include delivering a transformative approach to both patient safety and patient engagement. She recently hired Olaf Hedrich, M.D., B.Ch., a patient safety, risk and analytics industry expert to serve as the company's Chief Medical Safety Officer, responsible for leading an independent medical safety organization that will provide expert input to assure patients safety and quality across Medtronic products. She will also lead the integration of robust and independent medical expertise into the company's business processes, including investment decisions, business development, exploration of therapeutic areas and development of novel technologies.
"Medtronic is fortunate to have world-leading experts across diverse scientific and medical fields who provide unique insights and breakthrough discoveries. I'm excited to integrate this expertise across our company, to connect technology innovation with better health outcomes for patients." said Dr. Mauri. "A strong scientific and patient-centered mindset across all stages of device development will enable innovation that saves and improves lives."
Dr. Mauri joined Medtronic in September 2018 and became a member of the company's Executive Committee in August 2020. In her time with the company, she has provided innovative leadership to trial design and data science, created new evidence pathways, provided medical and scientific input to investment decisions, delivered leadership to patient safety, and sponsored regulatory advances that have positively impacted patients worldwide.
Prior to joining Medtronic, Dr. Mauri was a practicing interventional cardiologist at the Brigham and Women's Hospital for 15 years and an internationally renowned investigator and professor of medicine at Harvard Medical School.
Dr. Mauri succeeds Richard Kuntz, M.D., M.S.c. as Chief Medical and Scientific Officer, who previously announced his retirement, effective April 29.
About Medtronic
Bold thinking. Bolder actions. We are Medtronic. Medtronic plc, headquartered in Dublin, Ireland, is the leading global healthcare technology company that boldly attacks the most challenging health problems facing humanity by searching out and finding solutions. Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 90,000+ passionate people across 150 countries. Our technologies and therapies treat 70 health conditions and include cardiac devices, surgical robotics, insulin pumps, surgical tools, patient monitoring systems, and more. Powered by our diverse knowledge, insatiable curiosity, and desire to help all those who need it, we deliver innovative technologies that transform the lives of two people every second, every hour, every day. Expect more from us as we empower insight-driven care, experiences that put people first, and better outcomes for our world. In everything we do, we are engineering the extraordinary. For more information on Medtronic (NYSE:MDT), visit www.Medtronic.com and follow @Medtronic on Twitter and LinkedIn.
Any forward-looking statements are subject to risks and uncertainties such as those described in Medtronic's periodic reports on file with the Securities and Exchange Commission. Actual results may differ materially from anticipated results.
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NEW YORK, Sept. 1, 2022 /PRNewswire/ -- National law firm Wilson Elser announced today that two lateral partners have joined the firm's Medical Malpractice & Health Care Practice in the White Plains and New York offices, effective September 1, 2022.
Timothy Sheehan and Joe Swart joined the firm from DeCorato Sheehan Merolesi & Federico LLP. Before working at DeCorato, Sheehan was a trial lawyer at Wilson Elser from 1987 to 2012, serving as a partner for the last 19 years of his tenure.
In returning to the firm, Sheehan will be based in the White Plains office, and Swart will work in the New York City office.
"I want to welcome Tim and Joe to the firm and to our practice," said Lori Semlies, co-chair of Wilson Elser's Medical Malpractice & Health Care Practice. "Tim and Joe will strengthen our already deep trial bench and bolster the defense litigation capabilities we offer our clients. On a personal note, I was an associate on Tim's team when I joined Wilson Elser, and am thrilled to be working with him again."
Sheehan is an experienced trial attorney, focusing on the defense of high-exposure medical malpractice claims. For more than 35 years, he has represented hospitals, physicians, nursing homes, podiatrists, nurse practitioners, dentists, chiropractors and other medical professionals in a myriad of claims arising out of the delivery of medical care across all areas of specialization.
As a measure of his experience and reputation, Sheehan was certified by the Supreme Court of the State of New York as a medical malpractice panelist and served in that capacity in Westchester, New York and Kings counties while the panel system was in effect.
Swart concentrates his practice on defending hospitals, physicians, physicians' assistants, nurses and nurse practitioners. He specializes in every aspect of complex medical malpractice litigation, including obstetrics, gynecology, oncology, brain injury and surgical cases, often obtaining an early dismissal or facilitating a defendant's verdict at trial.
Prior to entering private practice, Swart was a prosecutor in the Kings County District Attorney's Office, where he spearheaded long-term criminal investigations into narcotics and firearms trafficking cartels, including the Latin Kings and other gangs. His investigations received attention from national media, including Court TV, The New York Times and HBO.
Sheehan earned his J.D. degree in 1984 from University of Buffalo Law School and a B.A. degree in 1981 from the University of Buffalo. Swart earned his J.D. degree in 1996 from New York Law School and a B.A. degree in 1993 from Auburn University.
Wilson Elser is the preeminent defense litigation firm in the United States. At any given time, our more than 900 attorneys are engaged in some 100,000 defense and coverage matters, with many defending clients in various local, state and federal courts. Indeed, over more than four decades, our litigation, coverage and trial lawyers have gained a reputation for taking on and prevailing in the most challenging and technical cases, frequently "parachuting in" to assume unresolved matters from other law firms. Our success also derives from winning on our clients' terms and rigorously adhering to their guidelines. We are ranked 105 in the Am Law 200 and 57th in the National Law Journal's NLJ 500. For more information, go to
www.wilsonelser.com.
PR Contact: Andrew Blum, AJB Communications
ajbcomms@gmail.com | 917.783.1680
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SOURCE Wilson Elser | https://www.wibw.com/prnewswire/2022/09/01/wilson-elser-fortifies-medical-malpractice-amp-health-care-practice-with-two-lateral-partners-white-plains-new-york-offices/ | 2022-09-01T15:22:22Z |
Social media platforms’ plans to tackle election-related misinformation will be put to the test as congressional candidates ramp up online activity in the final months of midterm campaigns.
Since the 2020 election, mainstream platforms like Twitter and Facebook have been more liberal in applying measures to block, label and remove politicians — including their watershed decisions to suspend former President Trump’s accounts last year.
But as more politicians test the boundaries of the platforms’ rules with incendiary posts, especially after an uptick in violent rhetoric following last week’s FBI search of Mar-a-Lago, critics warn that tech companies need to do more than dust off their 2020 playbooks to follow through on their commitments to block misinformation and hate speech.
New York University researcher Laura Edelson said to get at the core of the issue, platforms need to reassess the algorithms recommending content to users.
She compared taking content down after amplifying it to a wide online audience — the approach most platforms use, and plan to use ahead of November based on their public posts — to creating a car with no brakes and only airbags.
“By the time those are useful, the car’s crashed,” she said.
Meta, Twitter and TikTok released their plans to moderate midterm election-related content in the past two weeks. Largely, the companies plan to deploy the same tactics as they did in 2020. All three said they will label such posts and point users to their respective election centers with authoritative voting information from partner organizations and local officials.
TikTok gained more widespread appeal since the last election. And despite some warnings about national security concerns over its parent company ByteDance being based in China, which TiKTok has refuted, more candidates are using the platform to reach voters — especially young ones.
TikTok does not allow paid political advertising, meaning the content it’s moderating will mostly be organic posts. The company said it will label all posts related to midterm elections, regardless of if there’s a disputed comment.
Facebook, now under the parent company name Meta, took that approach in 2020, but the company signaled a shift for this season. Meta President of Global Affairs Nick Clegg said in a blog post if labels are deployed, they will be used in a “targeted and strategic way” after feedback from users that the 2020 labels were “over-used.”
According to a Meta fact sheet, the company has “hundreds of people focused on the midterms across more than 40 teams” and spent $5 billion on global safety and security last year. But reports indicate the company is cutting back on content moderation to a degree. About 60 contract workers at Accenture working for Facebook for services like content moderation would be losing their jobs, Insider reported Thursday.
A Meta spokesperson declined to comment about the report.
Facebook has been criticized over its handling of misinformation in the 2020 election, with critics saying the company didn’t do enough to stop the spread of false narratives casting doubt on election results or false claims about voter fraud.
“Facebook again hasn’t fundamentally changed anything and they have defunded their own program of whack-a-mole,” Edelson said.
She said the lack of change is worrying due to a spike in conspiracy theories about local elections and federal law enforcement.
“And now they’re being tied together as if this is some grand conspiracy,” she said.
Twitter said in a blog post last week it would label posts with misleading content or claims about voting, including false information about the outcome of the election.
The election-specific policies from social media giants appear focused on claims of voter fraud or suppression, referencing the Stop the Steal movement casting doubt on President Biden’s win that gained steam online in 2020, despite platforms’ efforts to fight such misinformation. The false narrative, amplified by Trump and his allies, gave rise to the violent riot at the Capitol on Jan. 6 of last year.
After the FBI searched Mar-a-Lago, there’s been an increase in violent rhetoric on mainstream and fringe sites that are casting the move as politically motivated against Trump. The posts are raising alarms about potential real world attacks.
Jacqueline Maralet, an assistant director at the Digital Forensic Research Lab, said the platforms’ election policies address far-right extremism “mostly insofar as, ‘This type of speech is already not allowed under our content moderation policies.’”
They may take actions against specific candidates that “push too far into” the edge of “clearly inciting violence,” she said, but it’s not yet clear how strictly platforms will enforce their guidelines.
Facebook and Twitter have been taking stricter action against politicians than they did before the 2020 election, including cutting elected officials off from their accounts.
In addition to the suspensions of Trump — Twitter’s permanent and Facebook’s lasting until at least 2023 — over the past year the companies have suspended various lawmakers, mostly for violations of their COVID-19 misinformation policy.
Twitter, for example, permanently suspended Rep. Marjorie Taylor Greene’s (R-Ga.) personal account in January for that reason, although her official congressional account remains active.
Martin Rooke, a research fellow at Harvard’s Shorenstein Center, said moderating content for medical misinformation is “far simpler” than it is for posts linked to events like the FBI search of Mar-a-Lago which are “inherently political,” however.
Regarding medical misinformation, “there are scientific authorities that can be consulted with,” he said.
“But with this Mar-a-Lago event, when does content moderation really start to step on freedom of expression around being critical of law enforcement agencies, being critical of the government as well? I think that’s where the more mainstream social media platforms are really going to run up against their limit of what they are prepared to do or what they can legally do,” Rooke said.
That can be just as challenging around campaign-centered language, he said.
“You could say, ‘Alright, well, we’ll try and tamper down on sort of jingoistic expressions.’ But almost every election there’s language about it being a contest, a battle, a flight for freedom, fight for the future — stuff like that,” Rooke said. “That combative language is embedded in our very modern way of discussing politics. So unless the social media platforms are going to be hiring people to sit there and monitor and observe these networks on an almost consistent basis it’s going to be very, very hard to pick up.”
Another challenge is the “gray area” posts being spread by some Republican officials on mainstream platforms, Maralet said.
She characterized these as part of a “call and response” type of relationship in which a post from a Republican official on Twitter or Facebook may not explicitly call for violence, but leads to a more direct call from users on fringe sites.
Beyond incendiary posts about the FBI search, advocacy groups are also raising concerns about how social media platforms are handling other forms of hate speech, including a rise in anti-LGBTQ posts identified after the passage of Florida’s “Don’t Say Gay or Trans” bill.
A report released by the Center for Countering Digital Hate (CCDH) and the Human Rights Campaign (HRC) earlier this month found that just 10 Twitter accounts drove 66 percent of impressions for the 500 most viewed anti-LGBTQ tweets using “groomer” as a slur between January and July.
Among them were the accounts of Reps. Greene and Lauren Boebert (R-Colo.), who are both seeking reelection in November.
The posts seemingly violate Twitter’s policy. A Twitter spokesperson confirmed that use of the term “groomer” is prohibited under the hateful conduct policy when used as a descriptor in context of discussion of gender identity.
“We agree that we can and must do better. Our mission and our responsibility is to proactively enforce all of our policies, and to do so as quickly as possible. We continue to invest in our automated tools and teams of specialist reviewers, to identify and address gaps in our enforcement,” the spokesperson said in a statement.
Through Meta’s Ad Library, researchers found 59 paid ads served to Facebook and Instagram users that shared a dangerous narrative that the LGBTQ community and allies are “grooming” children, according to the report.
“Are social media companies prepared for the impact of this dangerous rhetoric in the wake of the 2022 elections? As we approach 2022 midterm elections, are social media companies prepared to enforce their policies and prevent some of the real life consequences we’ve seen in association with this language being used in previous elections,” Justin Unga, director of strategic initiatives at HRC, said.
A spokesperson for Meta said, “We reviewed the ads flagged in the report and have taken action on any content that violates our policies.”
To mitigate the issues, HRC officials said the platforms need to do a better job at enforcing the policies they already have in place.
“This has real world consequences. It has political consequences. But we’re really worried about the actual danger they’re putting people in,” Jay Brown, senior vice president of programs at HRC, said.
“These platforms need to do better enforcing their own policies,” he added. | https://cw33.com/hill-politics/midterm-elections-to-put-misinformation-policies-to-the-test/ | 2022-08-21T21:25:28Z |
STOCKHOLM and MINNEAPOLIS, June 1, 2022 /PRNewswire/ -- Medius, a leading provider of autonomous accounts payable (AP) solutions, today announces a new channel partnership with US-based ERP consultancy Elire, Inc.
Medius' suite of products automates the process of receiving, handling, approving, and paying an invoice, and simplifies the onboarding and managing of vendors. It enables organizations to better manage spend, reduce risk and fraud, and improve processes. The company is actively growing its channel and ISV partner programs to grow its reach and introduce a broader cross-section of customers to the benefits of AP automation.
Elire is an IT consultancy with an offering that spans five core areas of expertise: Oracle Cloud, PeopleSoft, Treasury Services, Advisory Services and Managed Services. The company currently serves over 250 enterprise customers in North America in sectors including financial services, healthcare, government, and education. Its customers include business analysts focused on optimizing performance, as well as IT and finance decision makers focused on driving efficiencies.
For Elire, the Medius channel partnership will accelerate its expansion into AP automation advisory, providing new, value-added services to its customer base, expanding its footprint in the CFO's office, and growing its revenues. Elire and its customers will benefit from Medius's best-in-class technology and market-leading AP automation expertise, insight and thought leadership.
Jeff Swan, Chief Revenue Officer at Medius comments: "Elire's deep expertise in enterprise ERP systems means it is uniquely positioned to understand and unlock the benefits of AP automation for finance, IT, and other business leaders. We welcome this partnership and look forward to bringing the extensive benefits of the Medius suite and ecosystem to Elire's customers in the US and beyond."
Richard Merrill, Head of Delivery Services at Elire, Inc comments: "Our 17 years' experience specifying, deploying, upgrading, and optimizing ERP systems has enabled us to identify technology areas with the potential to transform critical business functions, as well as best-in-class software partners. AP automation is a new emerging category which will create major operational advantages for our customers and Medius stands out as the category's leading vendor."
CONTACT:
For more information, please contact:
Umika Verma, Fight or Flight for Medius
Medius@fightflight.co.uk / +44 330 133 0985
Jordyn Fugere-Burmeister, Marketing Manager - Elire Inc.
marketing@elire.com / +1 701 741 7671
This information was brought to you by Cision http://news.cision.com
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SOURCE Medius | https://www.wibw.com/prnewswire/2022/06/01/medius-inks-channel-partnership-with-us-based-erp-consultancy-elire/ | 2022-06-01T12:51:09Z |
WASHINGTON, July 26, 2022 /PRNewswire/ -- Following is a statement by Jen Judson President of the National Press Club and Gil Klein, President of the National Press Club Journalism Institute on the LIV golf tournament taking place this weekend in Bedminster, N.J.
"We are revolted by the way the Saudi-funded LIV enterprise has followed the fist bump in the desert by shoving themselves onto golf courses and television screens. We call on all Americans to see this unsavory attempt to minimize the grisly bone-saw attack on Washington Post opinion writer Jamal Khashoggi for what it is – an attempt to sweep under the rug a brutal state-sponsored murder. We call on people of conscience to reject this tournament. Do not attend. Do not watch it on television. Let it fail.
"That the tournament is being held at a course owned by former President Trump is, if possible, even more revolting. It reminds us that the former President bragged of distracting Congress from the murder, delaying the release of the final U.S. government report that concluded MBS, the Crown Prince of Saudi Arabia (and recipient of the fist-bump from President Biden) was most likely involved in planning and approving Jamal's murder. And the tournament on the Trump course reminds us how Saudi Arabia finds ways to personally enrich Trump and his family – including $2 billion to his son in law.
"We note that at one of LIV's first news conferences their officials shouted down a question from an AP reporter and escorted him from the room saying that he was being rude. That is how the LIV episode started. They silenced the press. Again.
"Finally, we note that LIV is currently seeking representation by a public relations firm to make the slaughter of a journalist more acceptable to the American public through golf. We call on public relations firms, many of whom employ former journalists, to reject this blood money. We understand that clients need representation, but it seems reasonable to draw the line at clients that use a bone saw on a journalist. We hope the prospective PR firm thinks very carefully before agreeing to work for LIV. Their association with LIV will define who they are and damage their carefully developed reputation. This will not be good for their other clients or their business. We suggest they stay on the fairway."
Founded in 1908, the National Press Club is the world's leading professional organization for journalists. With 3,000 members representing nearly every major news organization, the Club is a leading voice for press freedom in the U.S. and worldwide.
The National Press Club Journalism Institute promotes an engaged global citizenry through an independent and free press and equips journalists with skills and standards to inform the public in ways that inspire civic engagement.
Contact: Bill McCarren, 202-662-7534 for the National Press Club
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SOURCE National Press Club | https://www.mysuncoast.com/prnewswire/2022/07/26/statement-by-national-press-club-liv-golf-event-trump-course/ | 2022-07-26T19:25:55Z |
PHOENIX, Aug. 22, 2022 /PRNewswire/ -- Mission Management & Trust Co. (Mission Trust) is pleased to welcome Bridget O'Brien Swartz as its Vice President & Fiduciary Counsel. Swartz will facilitate the expansion and development of trust services beyond the traditional offerings to also include settlement planning, qualified settlement funds, special needs trusts, and settlement preservation trusts throughout Arizona.
Swartz comes to Mission Trust after practicing law for over 25 years with a primary focus on special needs law, most recently as Senior Counsel at Dyer, Bregman & Ferris, PLLC in Phoenix. Swartz has substantial knowledge and experience in planning for individuals with disabilities under the age of 65 and their families, including but not limited to, assisting clients with public benefits eligibility issues, personal injury settlement planning, guardianship and conservatorship, and special needs trust drafting and administration.
On joining Mission Trust, Swartz said: "As a long-time practitioner of special needs law and former trust officer, I learned the importance of developing a holistic plan not only understood by the client and acceptable to the court, but when implemented, makes a meaningful difference for the client, enhancing his or her quality of life and providing flexibility in responding to ever-changing circumstances. I hope to bring my experience and aspirations to Mission Management & Trust to build on its tremendous reputation in the Tucson community, and to reverberate throughout the State of Arizona and expand upon the quality financial and fiduciary services it already provides."
Swartz is a Fellow of the American College of Trust and Estate Counsel (ACTEC). She remains involved with national attorney organizations such as the National Academy of Elder Law Attorneys (NAELA), where she is currently Vice President, and the Special Needs Alliance. She frequently authors and presents on topics related to special needs law.
Originally from Duluth, Minn., Swartz obtained her undergraduate degree from the University of Notre Dame before matriculating to Arizona State University, where she earned her law degree at the Sandra Day O'Connor College of Law and her Master of Public Administration. Swartz can be reached at Bridget@MissionTrust.com or by calling (602) 735-0891.
Mission Management & Trust Co. (Mission Trust), based in Tucson, Ariz., is an Arizona-chartered, independent trust company specializing in trust and estate services, asset management, and securities custody. Established in 1994, Mission Trust was acquired by Notre Dame Federal Credit Union (Notre Dame FCU) in February 2022 to complement and augment its array of online, retail, and mobile banking and financial services. Visit MissionTrust.com to learn more.
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SOURCE Mission Management & Trust Co. | https://www.kxii.com/prnewswire/2022/08/22/bridget-obrien-swartz-joins-mission-management-amp-trust-co-vice-president-amp-fiduciary-counsel/ | 2022-08-22T19:24:18Z |
Police looking for man who tried to record girl in Hawaii high school bathroom
HONOLULU (HawaiiNewsNow/Gray News) – Police in Hawaii are looking for a man who they say tried to record video of a high school girl using the restroom.
According to Honolulu police, the man followed the student into the restroom at Punahou School last week.
Surveillance footage from the school shows the man loitering at the bottom of a staircase before walking up the stairs.
Upon being noticed, the man ran away, the school said.
Punahou School security said it filed a police report and warned students to be alert. Surveillance footage was also sent to families on Tuesday.
An investigation is ongoing.
Anyone with information is asked to contact police or make an anonymous tip to Punahou Security’s Helpline by calling (844) 513-8110.
Copyright 2022 HawaiiNewsNow via Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/07/13/police-looking-man-who-tried-record-girl-hawaii-high-school-bathroom/ | 2022-07-13T23:11:47Z |
Reports 45.9% Year-to-Date Earnings Growth Driven by Continued Expense Reduction
BIRMINGHAM, Ala., July 27, 2022 /PRNewswire/ -- First US Bancshares, Inc. (Nasdaq: FUSB) (the "Company"), the parent company of First US Bank (the "Bank"), today reported net income of $1.4 million, or $0.22 per diluted share, for the quarter ended June 30, 2022 ("2Q2022"), compared to $1.0 million, or $0.14 per diluted share, for the quarter ended June 30, 2021 ("2Q2021") and $1.4 million, or $0.20 per diluted share, for the quarter ended March 31, 2022 ("1Q2022"). Net income totaled $2.8 million for the six months ended June 30, 2022, compared to $1.9 million for the six months ended June 30, 2021, an increase of 45.9%. Diluted earnings per share totaled $0.42 for the six months ended June 30, 2022, compared to $0.28 per diluted share during the corresponding period of 2021.
Earnings improvement, comparing both 2Q2022 and the first six months of 2022 to corresponding periods in 2021, was driven primarily by reductions in non-interest expense following strategic initiatives that were initiated by the Company beginning in the third quarter of 2021. The strategic initiatives included the cessation of new business development at the Bank's wholly owned subsidiary, Acceptance Loan Company, Inc. ("ALC"), as well as efforts to reorganize the Bank's retail banking, technology and deposit operations functions. Due to these efforts, non-interest expense was reduced by $1.5 million, or 18.1%, comparing 2Q2022 to 2Q2021 and by $2.9 million, or 17.0%, comparing the six months ended June 30, 2022, to the six months ended June 30, 2021. Comparing 2Q2022 to 1Q2022, non-interest expense decreased by $0.2 million, or 2.5%.
"We are pleased to post a solid quarter of growth in loans and earnings per share," stated James F. House, the Company's President and CEO. "Our strategic focus on business simplification has been transformative for our Company. This emphasis, combined with a focus on loan and deposit pricing discipline and cost control, have led to solid improvement in operating efficiencies over the last three quarters. In addition, our continued focus on credit quality in our lending practices has further strengthened our balance sheet. Though a heightened level of economic and geopolitical concern certainly exists, we believe our Company is well-prepared to weather future challenges as they are presented," continued Mr. House.
Other Second Quarter Financial Highlights
Loan Growth – The table below summarizes loan balances by portfolio category at the end of each of the most recent five quarters as of June 30, 2022.
The Company's total loan portfolio increased by $35.7 million, or 5.3%, during 2Q2022. Loan volume increases were due to growth in the Bank's indirect, multi-family residential and commercial real estate (secured by non-farm, non-residential properties) categories. Growth in these categories was consistent with continued growth in consumer spending and robust economic activity, particularly in the larger metropolitan markets the Bank serves. Loan growth was partially offset by decreases in the construction, commercial and industrial, direct consumer, and branch retail categories. The decreases in direct consumer and branch retail loans were consistent with management's expectations related to the Company's business cessation strategy at ALC. As of June 30, 2022, loans totaled $715.8 million, an increase of $4.8 million, or 0.7%, since December 31, 2021.
Net Interest Income and Margin – Net interest income totaled $8.8 million in 2Q2022, compared to $9.3 million in 2Q2021 and $8.7 million in 1Q2022. For the six months ended June 30, 2022, net interest income totaled $17.5 million, compared to $18.4 million for the six months ended June 30, 2021. Compared to both prior periods, the decrease in net interest income was primarily attributable to reductions in interest and fees on ALC loans in connection with the ALC cessation of business strategy. Interest and fees on ALC loans decreased in 2Q2022 by $1.0 million, compared to 2Q2021, and by $1.9 million comparing the six months ended June 30, 2022 to the corresponding period of 2021. The decreases were partially offset by interest income in the Bank's other earning asset categories, which increased by $0.5 million on a net basis, comparing 2Q2022 to 2Q2021, and by $0.9 million, comparing the six months ended June 30, 2022 to the six months ended June 30, 2021. As ALC's loan portfolio continues to pay down, there will be continued reduction in interest and fees attributable to ALC's loans. These reductions are expected to continue to put downward pressure on total loan yield and net interest margin. As a result of the changing mix of earning assets, the Company's net interest margin was reduced to 3.91% in 2Q2022, compared to 4.31% in 2Q2021. For the six months ended June 30, 2022, net interest margin was 3.94%, compared to 4.35% for the six months ended June 30, 2021. Though net interest income and margin are expected to decrease as a result of the cessation of business strategy at ALC, significant expense savings have developed, or are expected to develop, as a result of the strategy. Historically, ALC's loan portfolio has represented both the Company's highest yielding loans, as well as the portfolio with the highest level of credit losses. Accordingly, while interest earned on these loans is expected to decrease over time, loan loss provision expense is also expected to decrease after the portfolio pays down. As the pay down continues, management is continuing efforts to grow earning assets in the Bank's other loan and investment categories, while at the same time maintaining pricing discipline on deposit and borrowing costs. As part of its overall interest rate risk management program, the Company has entered into forward interest rate swap contracts on certain variable rate deposit products and borrowings. During 2Q2022, the Company terminated one interest rate swap associated with a Federal Home Loan Bank borrowing and recorded a deferred gain associated with the termination of $0.3 million. The gain will be recognized over the remaining 27-month term of the original swap agreement.
Deposit Growth and Deployment of Funds – Deposits totaled $844.3 million as of June 30, 2022, compared to $838.1 million as of December 31, 2021, an increase of $6.2 million, or 0.7%. In the current environment, management has continued to focus on minimizing deposit expense and deploying excess cash balances into earning assets that meet the Company's established credit standards, while maintaining appropriate levels of liquidity to meet projected funding needs. Total average funding costs, including both interest- and noninterest-bearing liabilities and borrowings, was 0.32% in both 2Q2022 and 1Q2022, compared to 0.36% in 2Q2021. For the six months ended June 30, 2022, average funding costs totaled 0.32%, compared to 0.37% during the corresponding period of 2021. Given the increasing interest rate environment, management continued to deploy a portion of excess funds into the investment securities portfolio during 2Q2022. Investment securities, including both the available-for-sale and held-to-maturity portfolios totaled $152.5 million as of June 30, 2022, compared to $137.7 million as of March 31, 2022 and $134.3 million as of December 31, 2021. The expected average life of securities in the investment portfolio as of June 30, 2022 was 3.40 years. Management maintains the portfolio with average durations that are expected to provide monthly cash flows that can be utilized to reinvest in earning assets at current market rates.
Loan Loss Provision – Loan loss provisions totaled $0.9 million in 2Q2022, compared to $0.5 million in 2Q2021. For the six months ended June 30, 2022, loan loss provisions totaled $1.6 million, compared to $0.9 million for the six months ended June 30, 2021. The increase in provision expense comparing both the quarter and six months ended June 30, 2022 to the corresponding periods of 2021 reflected both an increase in charge-offs associated with ALC's loan portfolio, as well as qualitative adjustments applied to the portfolio in response to heightened inflationary trends and other economic uncertainties that have emerged in 2022. In management's view, the combination of the business cessation strategy, coupled with deteriorating economic conditions, including elevated inflation levels, has increased overall credit risk during 2022, particularly in ALC's loan portfolio. Loan loss provisions recorded by the Company during the first six months of 2022 included expense of $1.3 million associated with ALC's loans and $0.3 million associated with the Bank's portfolio. While loan loss provisions at ALC resulted primarily from increased charge-offs and heightened economic risk factors, provisions at the Bank resulted primarily from loan growth. Management will continue to closely monitor the impact of changing economic circumstances on the Company's loan portfolio and will adjust the allowance accordingly. Due to its classification as a smaller reporting company by the Securities and Exchange Commission, the Company is not required to adopt the Current Expected Credit Loss (CECL) model to account for credit losses until January 1, 2023. Management is continuing to evaluate the impact that the adoption of CECL will have on the Company's financial statements.
Non-interest Income – Non-interest income totaled $0.9 million in 2Q2022, compared to $0.8 million in both 2Q2021 and 1Q2022. For the six months ended June 30, 2022, non-interest income totaled $1.7 million, compared to $1.8 million for the corresponding period of 2021.
Non-interest Expense – Non-interest expense totaled $6.9 million in 2Q2022, compared to $8.4 million in 2Q2021 and $7.1 million in 1Q2022. For the six months ended June 30, 2022, non-interest expense totaled $13.9 million, compared to $16.8 million for the six months ended June 30, 2021. The ongoing expense decreases in 2022 have resulted primarily from implementation of the ALC strategy, as well as other efficiency efforts conducted by the Bank. As a result of these efforts, significant expense reductions were realized associated with salaries and employee benefits, occupancy and equipment, and other expenses associated with technology and professional services. As of June 30, 2022, the Company had 156 full-time equivalent employees, compared to 175 as of December 31, 2021, and 259 as of June 30, 2021. Non-interest expense during the six months ended June 30, 2022 was further reduced by $0.3 million in nonrecurring net gains on the sale of other real estate owned (OREO).
Asset Quality – The Company's nonperforming assets, including loans in non-accrual status and OREO, totaled $1.7 million as of June 30, 2022, compared to $4.2 million as of December 31, 2021. The reduction in nonperforming assets during the first six months of 2022 resulted from the sale of OREO properties during the period. Reductions in OREO totaled $1.9 million and included the sale of banking centers that were closed in 2021. As a percentage of total assets, non-performing assets totaled 0.18% as of June 30, 2022, compared to 0.43% as of December 31, 2021.
Shareholders' Equity – As of June 30, 2022, shareholders' equity totaled $82.6 million, compared to $90.1 million as of December 31, 2021. The decrease in shareholders' equity resulted from reductions in accumulated other comprehensive income due to declines in the market value of the Company's available-for-sale investment portfolio, as well as repurchases of shares of the Company's common stock during the first six months of 2022. The market value declines in investment securities available-for-sale were the direct result of the increasing interest rate environment in 2022. No other-than-temporary impairment was recognized in the portfolio, and the Company has both the intent and ability to retain the investments for a period of time sufficient to allow for the full recovery of all market value decreases. The market value decrease in available-for-sale securities was partially offset by an increase in the market value of cash flow derivative instruments that hedge certain deposits and borrowings on the Company's balance sheet.
Share Repurchases - During 2Q2022, the Company completed share repurchases totaling 260,800 shares of its common stock at a weighted average price of $11.01 per share. For the six months ended June 30, 2022, the Company repurchased a total of 348,400 shares of its common stock at a weighted average price per share of $10.99. The repurchases were completed under the Company's existing share repurchase program, which was amended in April 2021 to allow for the repurchase of additional shares through December 31, 2022. As of June 30, 2022, 660,813 shares remained available for repurchase under the program.
Cash Dividend – The Company declared a cash dividend of $0.03 per share on its common stock in 2Q2022. The dividend was consistent with dividends paid during 1Q2022 and all four quarters of 2021.
Regulatory Capital –During 2Q2022, the Bank continued to maintain capital ratios at higher levels than required to be considered a "well-capitalized" institution under applicable banking regulations. As of June 30, 2022, the Bank's common equity Tier 1 capital and Tier 1 risk-based capital ratios were each 11.45%. Its total capital ratio was 12.56%, and its Tier 1 leverage ratio was 9.33%.
Liquidity – As of June 30, 2022, the Company continued to maintain excess funding capacity sufficient to provide adequate liquidity for loan growth, capital expenditures and ongoing operations. The Company benefits from a strong core deposit base, a liquid investment securities portfolio and access to funding from a variety of sources, including federal funds lines, Federal Home Loan Bank advances and brokered deposits.
About First US Bancshares, Inc.
First US Bancshares, Inc. (the "Company") is a bank holding company that operates banking offices in Alabama, Tennessee, and Virginia through First US Bank (the "Bank"). In addition, the Company's operations include Acceptance Loan Company, Inc. ("ALC"), a consumer loan company, and FUSB Reinsurance, Inc., an underwriter of credit life and credit accident and health insurance policies sold to the Bank's and ALC's consumer loan customers. The Company files periodic reports with the U.S. Securities and Exchange Commission (the "SEC"). Copies of its filings may be obtained through the SEC's website at www.sec.gov or at www.firstusbank.com. More information about the Company and the Bank may be obtained at www.firstusbank.com. The Company's stock is traded on the Nasdaq Capital Market under the symbol "FUSB."
Forward-Looking Statements
This press release contains forward-looking statements, as defined by federal securities laws. Statements contained in this press release that are not historical facts are forward-looking statements. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. The Company undertakes no obligation to update these statements following the date of this press release, except as required by law. In addition, the Company, through its senior management, may make from time to time forward-looking public statements concerning the matters described herein. Such forward-looking statements are necessarily estimates reflecting the best judgment of the Company's senior management based upon current information and involve a number of risks and uncertainties.
Certain factors that could affect the accuracy of such forward-looking statements and cause actual results to differ materially from those projected in such forward-looking statements are identified in the public filings made by the Company with the SEC, and forward-looking statements contained in this press release or in other public statements of the Company or its senior management should be considered in light of those factors. Such factors may include the rate of growth (or lack thereof) in the economy generally and in the Company's service areas; the impact of the current COVID-19 pandemic on the Company's business, the Company's customers, the communities that the Company serves and the United States economy, including the impact of actions taken by governmental authorities to try to contain the virus and protect against it, through vaccinations and otherwise, or address the impact of the virus on the United States economy (including, without limitation, the Coronavirus Aid, Relief and Economic Security (CARES) Act and subsequent federal legislation) and the resulting effect on the Company's operations, liquidity and capital position and on the financial condition of the Company's borrowers and other customers; the impact of changing accounting standards and tax laws on the Company's allowance for loan losses and financial results; the impact of national and local market conditions on the Company's business and operations; strong competition in the banking industry; the impact of changes in interest rates and monetary policy on the Company's performance and financial condition; the pending discontinuation of LIBOR as an interest rate benchmark; the impact of technological changes in the banking and financial service industries and potential information system failures; cybersecurity and data privacy threats; the costs of complying with extensive governmental regulation; the possibility that acquisitions may not produce anticipated results and result in unforeseen integration difficulties; and other risk factors described from time to time in the Company's public filings, including, but not limited to, the Company's most recent Annual Report on Form 10-K. Relative to the Company's dividend policy, the payment of cash dividends is subject to the discretion of the Board of Directors and will be determined in light of then-current conditions, including the Company's earnings, leverage, operations, financial conditions, capital requirements and other factors deemed relevant by the Board of Directors. In the future, the Board of Directors may change the Company's dividend policy, including the frequency or amount of any dividend, in light of then-existing conditions.
Non-GAAP Financial Measures
In addition to the financial results presented in this press release that have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP"), the Company's management believes that certain non-GAAP financial measures and ratios are beneficial to the reader. These non-GAAP measures have been provided to enhance overall understanding of the Company's current financial performance and position. Management believes that these presentations provide meaningful comparisons of financial performance and position in various periods and can be used as a supplement to the GAAP-based measures presented in this press release. The non-GAAP financial results presented should not be considered a substitute for the GAAP-based results. Management believes that both GAAP measures of the Company's financial performance and the respective non-GAAP measures should be considered together.
The non-GAAP measures and ratios that have been provided in this press release include measures of tangible assets and equity and certain ratios that include tangible assets and equity. Discussion of these measures and ratios is included below, along with reconciliations of such non-GAAP measures to GAAP amounts included in the financial statements previously presented in this press release.
Tangible Balances and Measures
In addition to capital ratios defined by GAAP and banking regulators, the Company utilizes various tangible common equity measures when evaluating capital utilization and adequacy. These measures, which are presented in the financial tables in this press release, may also include calculations of tangible assets. As defined by the Company, tangible common equity represents shareholders' equity less goodwill and identifiable intangible assets, while tangible assets represent total assets less goodwill and identifiable intangible assets.
Management believes that the measures of tangible equity are important because they reflect the level of capital available to withstand unexpected market conditions. In addition, presentation of these measures allows readers to compare certain aspects of the Company's capitalization to other organizations. In management's experience, many stock analysts use tangible common equity measures in conjunction with more traditional bank capital ratios to compare capital adequacy of banking organizations with significant amounts of goodwill or other intangible assets that typically result from the use of the purchase accounting method in accounting for mergers and acquisitions.
These calculations are intended to complement the capital ratios defined by GAAP and banking regulators. Because GAAP does not include these measures, management believes that there are no comparable GAAP financial measures to the tangible common equity ratios that the Company utilizes. Despite the importance of these measures to the Company, there are no standardized definitions for the measures, and, therefore, the Company's calculations may not be comparable with those of other organizations. In addition, there may be limits to the usefulness of these measures to investors. Accordingly, management encourages readers to consider the Company's consolidated financial statements in their entirety and not to rely on any single financial measure. The table below reconciles the Company's calculations of these measures to amounts reported in accordance with GAAP.
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SOURCE First US Bancshares, Inc. | https://www.kxii.com/prnewswire/2022/07/27/first-us-bancshares-inc-reports-second-quarter-2022-results/ | 2022-07-27T21:47:09Z |
NEW YORK, April 3, 2022 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Telefonaktiebolaget LM Ericsson ("Ericsson" or the "Company") (NASDAQ: ERIC) and certain of its officers. The class action, filed in the United States District Court for the Eastern District of New York, and docketed under 22-cv-01167, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Ericsson securities between April 27, 2017 and February 25, 2022, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials
If you are a shareholder who purchased or otherwise acquired Ericsson securities during the Class Period, you have until May 2, 2022 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
Ericsson, together with its subsidiaries, provides communication infrastructure, services, and software solutions to the telecommunications and other sectors. The Company operates in, among other countries, the Republic of Iraq ("Iraq").
Ericsson has a well-documented history of using bribes to secure business in countries throughout the Middle East and Asia. For example, in December 2019, Ericsson was the subject of a U.S. Securities and Exchange Commission ("SEC") action alleging, among other things, that the Company used third party consultants and illicit payments from 2011 through early 2017 to access business in Djibouti, Saudi Arabia, and China. The Company also entered into a Deferred Prosecution Agreement with the U.S. Department of Justice ("DOJ") the same month for its illicit business dealings.
Following the foregoing regulatory enforcement actions—which resulted in Ericsson being fined over $520 million and nearly $540 million by the DOJ and SEC, respectively—Ericsson repeatedly assured investors that the Company had a "zero tolerance" stance for bribery and was making significant investments in related programs. For example, in a December 2019 press release, the Company asserted that it was "[e]nhancing . . . internal anti-corruption and compliance related awareness campaigns (including the Company's zero tolerance for corruption)." Likewise, in its 2019 annual report, the Company asserted that it has "zero tolerance for corruption" and "work[s] hard every day to build a culture of compliance, anchored securely within the organization, to ensure that such an event will never happen again."
The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Ericsson overstated the extent to which it had reformed its business practices to eliminate the use of bribes to secure business in foreign countries; (ii) Ericsson had paid bribes to the terrorist group the Islamic State in Iraq and Syria ("ISIS" or the "Islamic State") to gain access to certain transport routes in Iraq; (iii) accordingly, the Company's revenues derived from its operations in Iraq were, in at least substantial part, derived from unlawful conduct and thus unsustainable; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
On February 15, 2022, during intraday trading hours, Ericsson issued a press release disclosing media inquiries into its business dealings in Iraq. That press release assured investors of the Company's "transparency" regarding these inquiries, while vaguely alluding to having undertaken its own investigative and compliance efforts.
Then, on February 16, 2022, Ericsson's Chief Executive Officer told a Swedish newspaper that the Company may have made payments to ISIS to gain access to certain transport routes in Iraq, noting that the Company had identified "unusual expenses dating back to 2018" but had not yet determined the final recipient of the funds for those expenses, although Defendants could "see that it disappeared[,]" and that Ericsson has spent "considerable resources trying to understand this as best we can."
Following these disclosures, Ericsson's American Depositary Share ("ADS") price fell $1.44 per ADS, or 11.57%, to close at $11.01 per ADS on February 16, 2022.
Finally, on Sunday, February 27, 2022, the International Consortium of Investigative Journalists ("ICIJ") published a report on Ericsson's alleged dealings with ISIS in Iraq, citing a leaked internal investigation that revealed that Ericsson had reportedly made "tens of millions of dollars in suspicious payments" over nearly a decade to keep its business in the country. The ICIJ report also alleged that "a spreadsheet lists company probes into possible bribery, money laundering and embezzlement by employees in Angola, Azerbaijan, Bahrain, Brazil, China, Croatia, Libya, Morocco, the United States and South Africa[,]" which "have not been previously disclosed."
On this news, Ericsson's ADS price fell $0.84 per ADS, or 8.3%, from its closing price on February 25, 2022, to close at $9.28 per ADS on February 28, 2022, the next trading day.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP | https://www.kxii.com/prnewswire/2022/04/03/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-their-investment-telefonaktiebolaget-lm-ericsson-class-action-lawsuit-upcoming-deadline-eric/ | 2022-04-04T09:23:32Z |
91% and 89% of diabetic macular edema (DME) patients were rapidly initiated and maintained on 12- and 16-week dosing intervals (without need for regimen modification) through week 48, respectively
79% and 77% of wet age-related macular degeneration (wAMD) patients were rapidly initiated and maintained on 12- and 16-week dosing intervals (without need for regimen modification) through week 48, respectively
Safety of aflibercept 8 mg consistent with the established safety profile of EYLEA® (aflibercept) Injection
TARRYTOWN, N.Y., Sept. 8, 2022 /PRNewswire/ -- Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) today announced that the primary endpoints were met in two pivotal trials investigating novel aflibercept 8 mg with 12- and 16-week dosing regimens in patients with diabetic macular edema (DME) and wet age-related macular degeneration (wAMD). The PHOTON trial in DME and the PULSAR trial in wAMD both demonstrated that aflibercept 8 mg 12- and 16-week dosing regimens achieved non-inferiority in vision gains compared to the EYLEA 8-week dosing regimen. In these trials, the safety of aflibercept 8 mg was consistent with the established safety profile of EYLEA. Regeneron and Bayer will submit these data to regulatory authorities in countries around the world.
"These pivotal aflibercept 8 mg trials demonstrated that nearly 90% of patients with diabetic macular edema and almost 80% of patients with wet age-related macular degeneration were able to maintain a 16-week dosing regimen," said David Brown, M.D., FACS, Director of Research at Retina Consultants of Texas in the U.S. and a trial investigator. "These unprecedented durability data coupled with a safety profile consistent with that of EYLEA support aflibercept 8 mg as a potential new standard-of-care in these diseases."
"These groundbreaking results are excellent news for patients. These outcomes have shown that aflibercept 8 mg not only improved vision with less frequent injections, but also demonstrated a similar safety profile to EYLEA," said Jean-François Korobelnik, M.D., Ph.D., Professor of Ophthalmology and Head of the Department of Ophthalmology at University Hospital of Bordeaux in France and a trial investigator.
PHOTON (N=658) and PULSAR (N=1,009) are double-masked, active-controlled pivotal trials that are being conducted in multiple centers globally. At 48 weeks, >90% of patients in all dosing groups in both trials completed the treatment period with efficacy results as follows:
The safety of aflibercept 8 mg was similar to EYLEA in both trials, and consistent with the well-established safety profile of EYLEA from previous clinical trials. In both trials, there were no new safety signals for aflibercept 8 mg and EYLEA, and no cases of retinal vasculitis, occlusive retinitis or endophthalmitis. Key safety results* were as follows:
"Over the last decade, EYLEA has become the standard-of-care for diabetic macular edema and wet age-related macular degeneration," said George D. Yancopoulos, M.D., Ph.D., President and Chief Scientific Officer at Regeneron, and a principal inventor of aflibercept. "The results of these trials with our novel aflibercept 8 mg formulation demonstrated that a remarkably high percentage of patients were maintained on 12- and 16-week dosing intervals through week 48, suggesting aflibercept 8 mg has the potential to be as paradigm-changing as EYLEA."
Detailed efficacy and safety data from PHOTON and PULSAR are planned for presentation at an upcoming medical meeting.
Aflibercept 8 mg is being jointly developed by Regeneron and Bayer AG. In the U.S., Regeneron maintains exclusive rights to EYLEA and aflibercept 8 mg. Bayer has licensed the exclusive marketing rights outside of the U.S., where the companies share equally the profits from sales of EYLEA.
Aflibercept 8 mg is investigational, and its safety and efficacy have not been evaluated by any regulatory authority.
About the Aflibercept 8 mg Trial Program
In both PHOTON and PULSAR, patients with DME and wAMD were randomized into three treatment groups to receive either: aflibercept 8 mg every 12 weeks, aflibercept 8 mg every 16 weeks, or EYLEA every 8 weeks. Patients treated with aflibercept 8 mg in both trials had 3 initial monthly doses, and patients treated with EYLEA received 5 initial monthly doses in PHOTON and 3 in PULSAR. In the first year, patients in the aflibercept 8 mg groups could have their dosing intervals shortened down to an every 8-week interval if protocol-defined criteria for disease progression was observed. Intervals could not be extended until the second year of the study, with those results still to be assessed. Patients in all EYLEA groups maintained a fixed 8-week dosing regimen throughout their participation in the trials. The lead sponsors of the trials were Regeneron for PHOTON and Bayer for PULSAR.
About DME and wAMD
DME is a common complication in eyes of people living with diabetes. DME occurs when high levels of blood sugar lead to damaged blood vessels in the eye that leak fluid into the macula. This can lead to vision loss and, in some cases, blindness. Of the nearly 28 million American adults living with diabetes, an estimated 1.2 million have DME.
wAMD is a retinal disease that may affect people as they age. It occurs when abnormal blood vessels grow and leak fluid under the macula, the part of the eye responsible for sharp central vision and seeing fine detail. This fluid can damage and scar the macula, which can cause vision loss. An estimated 1.1 million Americans have wAMD, and this number is expected to double by 2050.
IMPORTANT EYLEA SAFETY INFORMATION AND INDICATIONS
INDICATIONS
EYLEA® (aflibercept) Injection 2 mg (0.05 mL) is indicated for the treatment of patients with Neovascular (Wet) Age-related Macular Degeneration (AMD), Macular Edema following Retinal Vein Occlusion (RVO), Diabetic Macular Edema (DME), and Diabetic Retinopathy (DR).
CONTRAINDICATIONS
- EYLEA is contraindicated in patients with ocular or periocular infections, active intraocular inflammation, or known hypersensitivity to aflibercept or to any of the excipients in EYLEA.
WARNINGS AND PRECAUTIONS
- Intravitreal injections, including those with EYLEA, have been associated with endophthalmitis and retinal detachments. Proper aseptic injection technique must always be used when administering EYLEA. Patients should be instructed to report any symptoms suggestive of endophthalmitis or retinal detachment without delay and should be managed appropriately. Intraocular inflammation has been reported with the use of EYLEA.
- Acute increases in intraocular pressure have been seen within 60 minutes of intravitreal injection, including with EYLEA. Sustained increases in intraocular pressure have also been reported after repeated intravitreal dosing with VEGF inhibitors. Intraocular pressure and the perfusion of the optic nerve head should be monitored and managed appropriately.
- There is a potential risk of arterial thromboembolic events (ATEs) following intravitreal use of VEGF inhibitors, including EYLEA. ATEs are defined as nonfatal stroke, nonfatal myocardial infarction, or vascular death (including deaths of unknown cause). The incidence of reported thromboembolic events in wet AMD studies during the first year was 1.8% (32 out of 1824) in the combined group of patients treated with EYLEA compared with 1.5% (9 out of 595) in patients treated with ranibizumab; through 96 weeks, the incidence was 3.3% (60 out of 1824) in the EYLEA group compared with 3.2% (19 out of 595) in the ranibizumab group. The incidence in the DME studies from baseline to week 52 was 3.3% (19 out of 578) in the combined group of patients treated with EYLEA compared with 2.8% (8 out of 287) in the control group; from baseline to week 100, the incidence was 6.4% (37 out of 578) in the combined group of patients treated with EYLEA compared with 4.2% (12 out of 287) in the control group. There were no reported thromboembolic events in the patients treated with EYLEA in the first six months of the RVO studies.
ADVERSE REACTIONS
- Serious adverse reactions related to the injection procedure have occurred in <0.1% of intravitreal injections with EYLEA including endophthalmitis and retinal detachment.
- The most common adverse reactions (≥5%) reported in patients receiving EYLEA were conjunctival hemorrhage, eye pain, cataract, vitreous detachment, vitreous floaters, and intraocular pressure increased.
- Patients may experience temporary visual disturbances after an intravitreal injection with EYLEA and the associated eye examinations. Advise patients not to drive or use machinery until visual function has recovered sufficiently.
For more information, please see full Prescribing Information.
About Regeneron
Regeneron (NASDAQ: REGN) is a leading biotechnology company that invents, develops and commercializes life-transforming medicines for people with serious diseases. Founded and led for nearly 35 years by physician-scientists, our unique ability to repeatedly and consistently translate science into medicine has led to nine FDA-approved treatments and numerous product candidates in development, almost all of which were homegrown in our laboratories. Our medicines and pipeline are designed to help patients with eye diseases, allergic and inflammatory diseases, cancer, cardiovascular and metabolic diseases, pain, hematologic conditions, infectious diseases and rare diseases.
Regeneron is accelerating and improving the traditional drug development process through our proprietary VelociSuite® technologies, such as VelocImmune®, which uses unique genetically humanized mice to produce optimized fully human antibodies and bispecific antibodies, and through ambitious research initiatives such as the Regeneron Genetics Center®, which is conducting one of the largest genetics sequencing efforts in the world.
For more information, please visit www.Regeneron.com or follow @Regeneron on Twitter.
Forward-Looking Statements and Use of Digital Media
This press release includes forward-looking statements that involve risks and uncertainties relating to future events and the future performance of Regeneron Pharmaceuticals, Inc. ("Regeneron" or the "Company"), and actual events or results may differ materially from these forward-looking statements. Words such as "anticipate," "expect," "intend," "plan," "believe," "seek," "estimate," variations of such words, and similar expressions are intended to identify such forward-looking statements, although not all forward-looking statements contain these identifying words. These statements concern, and these risks and uncertainties include, among others, the impact of SARS-CoV-2 (the virus that has caused the COVID-19 pandemic) on Regeneron's business and its employees, collaborators, and suppliers and other third parties on which Regeneron relies, Regeneron's and its collaborators' ability to continue to conduct research and clinical programs, Regeneron's ability to manage its supply chain, net product sales of products marketed or otherwise commercialized by Regeneron and/or its collaborators or licensees (collectively, "Regeneron's Products"), and the global economy; the nature, timing, and possible success and therapeutic applications of Regeneron's Products and product candidates being developed by Regeneron and/or its collaborators or licensees (collectively, "Regeneron's Product Candidates") and research and clinical programs now underway or planned, including without limitation EYLEA® (aflibercept) Injection and novel aflibercept 8 mg; the likelihood, timing, and scope of possible regulatory approval and commercial launch of Regeneron's Product Candidates (such as aflibercept 8 mg) and new indications for Regeneron's Products; the extent to which the results from the research and development programs conducted by Regeneron and/or its collaborators or licensees (including the aflibercept 8 mg development program and the pivotal studies evaluating aflibercept 8 mg discussed in this press release) may be replicated in other studies and/or lead to advancement of product candidates to clinical trials, therapeutic applications, or regulatory approval; uncertainty of the utilization, market acceptance, and commercial success of Regeneron's Products and Regeneron's Product Candidates and the impact of studies (whether conducted by Regeneron or others and whether mandated or voluntary), including the studies discussed or referenced in this press release, on any of the foregoing or any potential regulatory approval of Regeneron's Products and Regeneron's Product Candidates (such as aflibercept 8 mg); the ability of Regeneron's collaborators, licensees, suppliers, or other third parties (as applicable) to perform manufacturing, filling, finishing, packaging, labeling, distribution, and other steps related to Regeneron's Products and Regeneron's Product Candidates; the ability of Regeneron to manage supply chains for multiple products and product candidates; safety issues resulting from the administration of Regeneron's Products and Regeneron's Product Candidates (such as aflibercept 8 mg) in patients, including serious complications or side effects in connection with the use of Regeneron's Products and Regeneron's Product Candidates in clinical trials; determinations by regulatory and administrative governmental authorities which may delay or restrict Regeneron's ability to continue to develop or commercialize Regeneron's Products and Regeneron's Product Candidates, including without limitation aflibercept 8 mg; ongoing regulatory obligations and oversight impacting Regeneron's Products, research and clinical programs, and business, including those relating to patient privacy; the availability and extent of reimbursement of Regeneron's Products from third-party payers, including private payer healthcare and insurance programs, health maintenance organizations, pharmacy benefit management companies, and government programs such as Medicare and Medicaid; coverage and reimbursement determinations by such payers and new policies and procedures adopted by such payers; competing drugs and product candidates that may be superior to, or more cost effective than, Regeneron's Products and Regeneron's Product Candidates; unanticipated expenses; the costs of developing, producing, and selling products; the ability of Regeneron to meet any of its financial projections or guidance and changes to the assumptions underlying those projections or guidance; the potential for any license or collaboration agreement, including Regeneron's agreements with Sanofi, Bayer, and Teva Pharmaceutical Industries Ltd. (or their respective affiliated companies, as applicable), to be cancelled or terminated; and risks associated with intellectual property of other parties and pending or future litigation relating thereto (including without limitation the patent litigation and other related proceedings relating to EYLEA, Dupixent® (dupilumab), Praluent® (alirocumab), and REGEN-COV® (casirivimab and imdevimab)), other litigation and other proceedings and government investigations relating to the Company and/or its operations, the ultimate outcome of any such proceedings and investigations, and the impact any of the foregoing may have on Regeneron's business, prospects, operating results, and financial condition. A more complete description of these and other material risks can be found in Regeneron's filings with the U.S. Securities and Exchange Commission, including its Form 10-K for the year ended December 31, 2021 and its Form 10-Q for the quarterly period ended June 30, 2022. Any forward-looking statements are made based on management's current beliefs and judgment, and the reader is cautioned not to rely on any forward-looking statements made by Regeneron. Regeneron does not undertake any obligation to update (publicly or otherwise) any forward-looking statement, including without limitation any financial projection or guidance, whether as a result of new information, future events, or otherwise.
Regeneron uses its media and investor relations website and social media outlets to publish important information about the Company, including information that may be deemed material to investors. Financial and other information about Regeneron is routinely posted and is accessible on Regeneron's media and investor relations website (http://newsroom.regeneron.com) and its Twitter feed (http://twitter.com/regeneron).
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SOURCE Regeneron Pharmaceuticals, Inc. | https://www.kxii.com/prnewswire/2022/09/08/aflibercept-8-mg-meets-primary-endpoints-two-global-pivotal-trials-dme-wamd-with-vast-majority-patients-maintained-12-16-week-dosing-intervals/ | 2022-09-08T13:42:52Z |
Allied Telesis Vista Manager EX network management dashboard integrates with Forescout Continuum for unmatched security and management capabilities.
SAN JOSE, Calif., July 5, 2022 /PRNewswire/ -- Allied Telesis, a global leader in connectivity solutions and intelligent networking tools, is pleased to announce an upgrade to its popular Vista Manager EX network management solution that includes integration with Forescout's Continuum platform. The upgrade enables customers to enjoy Forescout's unparalleled device discovery capabilities to enhance the security and manageability of their enterprise networks.
Today's enterprise networks must provide wired and wireless access to support digital resources, BYOD policies, and third-party devices such as IoT, security cameras and IP phones. In the past, software agents were installed on devices to facilitate remote management, however this is no longer practical given the numbers and variety of devices in use today. Therefore, to successfully manage this complex environment, organizations must find ways to collect, visualize, and control network assets without further burdening operational staff.
Vista Manager from Allied Telesis is a graphical network dashboard that simplifies the management of enterprise wired, wireless and wide-area networks. Originally conceived as the graphical interface for the company's network automation tool, Autonomous Management Framework (AMF), this latest update elevates Vista Manager to become a true vendor-agnostic management solution.
Fortune 1000 companies and government organizations trust Forescout to reduce the risk of business disruption from security incidents or breaches, ensure and demonstrate security compliance and increase security operations productivity. Forescout's holistic platform continuously identifies, segments, and enforces compliance of every connected thing across any heterogeneous network.
By integrating Vista Manager and Forescout, complete network topology and endpoint device information is readily available. Vista Manager graphically visualizes the devices in the dashboard map to quickly identify the connected network segment. With any status change, the map updates for continuously accurate information. Device discovery, visualization, monitoring, and traffic analysis features are easily accessible from the dashboard.
The Forescout integration with Vista Manager provides the following benefits:
- Simple plug-in style integration for easy installation of Forescout Continuum
- Automatic detection of network devices using Forescout's unique agentless discovery technology
- Discovered devices are automatically added to the network topology with meaningful icons to simplify identification and management.
- Comprehensive device and status information is available directly from the Vista Manager network dashboard.
"We're delighted to launch an integration with an industry leader like Forescout," said Rahul Gupta, Chief Technology Officer at Allied Telesis. "Their agentless device discovery and automated security features are second-to-none, and together with our Vista Manager network dashboard, we have a powerful solution for enterprises that is very easy to use. "
Vista Manager is available from Allied Telesis in two deployment options: Vista Manager EX is a stand-alone software application ideal for larger deployments; the Vista Management Network Appliance is a hardware option preloaded with Vista Manager EX and the AMF network automation tools, suitable for smaller networks where ease of use is key. The integration with Forescout is supported from Vista Manager version 3.9.1.
For more information, please contact Allied Telesis Sales.
About Forescout
Forescout Technologies, Inc. delivers automated cybersecurity across the digital terrain, maintaining continuous alignment of customers' security frameworks with their digital realities, including all asset types – IT, OT, IoT, and IoMT. The Forescout Continuum Platform provides complete asset visibility, continuous compliance, network segmentation and a strong foundation for Zero Trust. For more than 20 years, Fortune 100 organizations and government agencies have trusted Forescout to provide automated cybersecurity at scale. www.forescout.com
About Allied Telesis
For over 30 years, Allied Telesis has been delivering reliable, intelligent connectivity for everything from enterprise organizations to complex, critical infrastructure projects around the globe. We continually innovate the way services and applications are offered and managed, resulting in increased value and lower operating costs. Visit us online at www.alliedtelesis.com.
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SOURCE Allied Telesis | https://www.kxii.com/prnewswire/2022/07/05/allied-telesis-forescout-join-forces-make-an-integrated-network-management-solution/ | 2022-07-05T11:33:46Z |
Nine investments made to date including a successful exit due to acquisition
SANTA BARBARA, Calif., June 6, 2022 /PRNewswire/ -- Today, venture capital firm Santa Barbara Venture Partners (SBVP) announced the final close of its $11 million inaugural Fund I focused primarily on investing in tech and tech-enabled firms. SBVP offers a unique value-add – the firm and its 70+ investor roster, made up largely of global marketing executives, helps its portfolio companies with customer acquisition and marketing.
Dan Engel, Founder of SBVP asks, "What's more important to companies than profitably acquiring customers at an increased rate? That's our firm's deep expertise. The hands-on help we provide our portfolio companies to improve their go-to-market capabilities and further accelerate their revenue growth is a huge differentiator that private tech companies have until now been unable to access through their VC investors, as VC firms simply don't have this experience or focus."
SBVP-funded companies work with the firm's investors and advisors who are seasoned marketing veterans with decades of experience in over 20 different B2B & B2C marketing channels and strategies, including on/offline advertising, content marketing, TV & radio advertising, PR, conversion rate optimization, branding, email, affiliate, strategic alliances, B2B lead gen, B2B sales enablement, PPC search & SEO, etc. plus overall marketing strategy.
To date, SBVP has made nine investments including Bark Technologies, Voltaiq, Specright, Classy, Nice Healthcare, Hydrosat, Jackpocket, Rad AI, and Curri. SBVP has been fortunate to have already experienced its first exit, as non-profit SaaS leader Classy was acquired this year by GoFundMe.
SBVP's first fund aims to invest in software companies after a product-market fit has clearly been established/validated. SBVP's average check size is ~$1 million into companies that have $3-100 million in (preferably recurring) revenue, are generally growing 75-300%+ per year, and have extremely strong customer retention and satisfaction metrics. SBVP makes both primary and secondary share investments into companies typically at seed through Series D stage.
SBVP's investor/advisor roster includes the former Chief Marketing Officer at CBS, at Papa John's, at (SaaS conglomerate) J2 Global, executives and leaders of demand generation and marketing at firms including Pinterest, Citrix, Procore, AppFolio, RingCentral, Apeel Sciences, Lynda.com, the former head of strategic alliances/partnerships at Google, SailPoint and Dynatrace, plus dozens of others expert in customer acquisition and marketing.
Prior to being a Venture Partner for various VC firms and now launching his own firm, Managing Partner and serial software entrepreneur Dan Engel led customer acquisition and/or marketing at Google, GoToMeeting, Picasa, and FastSpring. He co-founded fintech software company FastSpring, and as CEO, led it to become the 13th fastest-growing company in North America from 2006-2010, with an eventual acquisition by Accel-KKR for over $100 million. Dan has over 20 years of experience building software companies and over 11 years of experience investing into private software companies.
Founded in 2020, Santa Barbara Venture Partners is a venture capital firm that invests in tech and tech-enabled companies. The firm and its investor base have unique expertise in building leading software companies, generating substantial revenue through on and offline customer acquisition, and in marketing in general.
To learn more about SBVP, its portfolio of investments, and its customer acquisition/marketing expertise, please visit: http://www.SantaBarbaraVP.com
For media inquiries, please contact: media@santabarbaravp.com
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SOURCE Santa Barbara Venture Partners | https://www.wibw.com/prnewswire/2022/06/06/santa-barbara-venture-partners-launches-11-million-venture-capital-fund-which-helps-companies-accelerate-their-customer-acquisition-marketing-efforts/ | 2022-06-06T10:37:48Z |
The new styles mark the first 2100 semi-transparent resin series for the ever-growing G-SHOCK Women's line
DOVER, N.J., Aug. 30, 2022 /PRNewswire/ -- Today, Casio America, Inc. unveils the latest additions to its G-SHOCK Women's lineup with the GMAS2100SK, an extension of the popular Men's Skeleton series. Available in four colors, the Women's Skeleton x Metallic Dial collection seamlessly meshes function and fashion for the perfect everyday accessory.
Building off the success of the Men's Skeleton series, G-SHOCK answered the question of when they would provide a similar silhouette for women and the time is now. The GMAS2100SK showcases unique metallic dials - two of which are slightly polarized to add texture and two are monotone to further highlight the metallic accents – that play off of each other to create an intricate and in-depth watch face. The glossy finish on the colored resin lends itself to iridescence, sheen, and high-fashion – all where G-SHOCK found inspiration. Boasting all of the expected G-SHOCK qualities, with the added fashion-focus, this timepiece is one that watch aficionados, fashion-lovers, and women everywhere will choose as their go-to style.
The new timepieces come equipped with G-SHOCK's technology, including:
- Shock Resistant
- 200M Water Resistant
- 3-Year Battery Life
- Double LED Light (Super Illuminator)
- 5 Daily Alarms
- 1s, 24H, SPL Stopwatch
- 1s, 24H Timer
- World Time (31TZ + UTC)
- Hand Shift Feature
The GMAS2100SK will retail for $120 and will be available for purchase starting at the beginning of September at select G-SHOCK retailers, the G-SHOCK Soho Store and gshock.casio.com/us/. For more information about the G-SHOCK brand, please visit gshock.casio.com/us.
CASIO's shock-resistant G-SHOCK watch is synonymous with toughness, born from the developer Mr. Ibe's dream of 'creating a watch that never breaks'. Over 200 handmade samples were created and tested to destruction until finally in 1983 the first, now iconic G-SHOCK hit the streets of Japan and began to establish itself as 'the toughest watch of all time'. Each watch encompasses the 7 elements; electric shock resistance, gravity resistance, low temperature resistance, vibration resistance, water resistance, shock resistance and toughness. The watch is packed with Casio innovations and technologies to prevent it from suffering direct shock; this includes internal components protected with urethane and suspended timekeeping modules inside the watch structure. Since its launch, G-SHOCK has continued to evolve, continuing to support on Mr. Ibe's mantra "never, never give up." www.gshock.com/us/
Casio America, Inc., Dover, N.J., is the U.S. subsidiary of Casio Computer Co., Ltd., Tokyo, Japan, one of the world's leading manufacturers of consumer electronics and business equipment solutions. Established in 1957, Casio America, Inc. markets calculators, keyboards, mobile presentation devices, disc title and label printers, watches, cash registers and other consumer electronic products. Casio has strived to realize its corporate creed of "creativity and contribution" through the introduction of innovative and imaginative products. For more information, visit www.casio.com/us/.
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SOURCE Casio America, Inc. | https://www.mysuncoast.com/prnewswire/2022/08/30/casio-g-shock-expand-skeleton-series-with-new-womens-collection/ | 2022-08-30T21:42:07Z |
Which Glorious mouse is best?
When browsing online, looking for computer or gaming accessories, you will undoubtedly see the largest brands first. But that’s not always what you are looking for, and the prices might be outside your budget.
That frustration in finding a good-quality mouse or wireless keyboard without having to mortgage your house is the foundation for Glorious Gaming. The company started in 2014 after its founder realized there was a market for “better gaming products, sold for reasonable prices.”
From a budget of $1,000 and an accessory dream, Dallas-based Glorious Gaming today develops its own mice, keyboards and accessories and mousepads. And the Glorious Gaming Model D Gaming Mouse is an excellent choice.
What to know before you buy a Glorious mouse
There are three different models
Instead of pushing out many models, Glorious focuses on only three, with two options for each.
- Model O is lightweight, made for ambidextrous gamers, and wired or wireless. The regular Model O is for medium to large hands, while the Model O- (minus) is for medium to small hands.
- Model I only comes as a wired mouse, with two customizable thumb buttons and nine programmable buttons.
- Model D (wired or wireless) is a lightweight mouse with a comfortable grip and RGB lighting.
Wired vs. wireless
The connection method of your mouse is a matter of preference, but most gamers go for the wired variety. There is a firm belief that wired is superior to its wireless sibling, but wireless technology has grown in leaps and bounds to smooth out problems from the past.
Two of the three Glorious mouse models are available in both wired and wireless versions. The cable-free mice connect to your computer or gaming console through a 2.4-gigahertz receiver, dramatically reducing input lag. Glorious says that the Model O has the lowest wireless latency of any mouse in its class.
RGB lighting
There is no way to get around RGB lighting in computer components. The bright, customizable effects are found in anything from central processing unit fans and memory modules to keyboards, headphones and mice. All Glorious mice have RGB lighting, but it’s not as intrusive or blinding as other manufacturers’. It’s relatively subdued, and instead of making it a focal point, it serves only as a color trim for added personality.
What to look for in a quality Glorious mouse
Battery life
It’s not a concern for wired mouse users, but battery life is an essential aspect of a wireless gadget. A good-quality wireless mouse should be able to last a few hours (if not days) before requiring a power boost. The two wireless models from Glorious have a battery life of about 70 hours, but the best part is that you can still use the mice while charging through a USB cable.
Multiple buttons
You are only as good as your equipment, so you must have a selection of buttons. A good-quality mouse has at least some extra buttons on the side in addition to the two on top and the scroll wheel’s click action. But what if you want to customize the button layout? Well, Glorious has a solution for that, too. The Model I has two magnetic buttons you can swap out for different shapes.
Accessories
There aren’t many computer-peripheral companies that provide aftermarket parts for their mice. But if you have a Glorious mouse, there are several additions you can make to your gaming arsenal. For example, if you require a smoother glide, or your skates — the pads on the mouse’s bottom that let it glide — are a bit worn down, there are replacement skates for all models.
Also, some gamers struggle with mouse drag from a wired mouses’s cable. A small cradle lifts the wire from the desk, giving the wired mouse a wireless feeling.
How much you can expect to spend on a Glorious mouse
This depends on the mouse’s connectivity and if it’s available in a bundle pack. Most Glorious wireless mice cost $70-$80, while wired mice cost $40-$50. Bundle deals include a mouse and a bungee or extra skates for $50–$60.
Glorious mouse FAQ
Do you get weights for Glorious mice?
A. No, there aren’t weights for any model, but there are additional skates or grip tape you can apply.
How is the RGB lighting controlled?
A. It is possible with several models to control the dots per inch and RGB lighting directly on the mouse. However, if you want to delve into further customization options, there is free downloadable software from Glorious.
What’s the best Glorious mouse to buy?
Top Glorious mouse
Glorious Gaming Model D Gaming Mouse
What you need to know: This lightweight mouse has a honeycomb design that lets more RGB lighting through, and you can see the internal components.
What you’ll love: The Model D is the perfect size for large to medium hands and is built for speed, control and comfort. It has a maximum DPI of 12,000, mechanical switches in the buttons, and uses the ultra-flexible Ascended USB cable.
What you should consider: Weighing 2.4 ounces, the mouse might be too light for some gamers.
Where to buy: Sold by Amazon
Top Glorious mouse for the money
Glorious Model O RGB Lightweight Gaming Mouse
What you need to know: This mouse has customizable six-step DPI control, and the button spacing is for ambidextrous users.
What you’ll love: It has smooth skates for an easier glide, RGB lighting effects and six buttons with support for macro programming.
What you should consider: Some users said the hexagon body design could sometimes feel awkward.
Where to buy: Sold by Amazon
Worth checking out
Glorious Model O- and Mouse Bungee Bundle
What you need to know: This bundle includes the Model O- and the mouse bungee to keep your cable from twisting and eliminate cable drag.
What you’ll love: The Model O- is the lightest esports mouse, weighing just over 2 ounces. It has RGB lighting effects and customizable buttons. The Mouse Bungee is the perfect accessory for better cable management and is compatible with all wired mice. It has a spring-loaded arm to adjust the height and rubber grips for different cable thicknesses.
What you should consider: Some reviewers said that the Mouse Bungee moves if there isn’t enough slack when you pull on the cable.
Where to buy: Sold by Amazon
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/best-glorious-mouse/ | 2022-07-28T08:10:35Z |
BETHESDA, Md., June 23, 2022 /PRNewswire/ -- Centrus Energy Corp. (NYSE American: LEU) (the "Company") announced the results of its 2022 annual meeting of stockholders held on June 23, 2022. As of April 25, 2022, the record date for the Annual Meeting, there were 13,781,467 shares of Centrus Class A common stock outstanding, each entitled to one vote, and the number of shares present at the annual meeting was 11,277,895.
The Company's stockholders passed all three proposals, including electing the eight director nominees for a term of one year; approving, on an advisory basis, the Company's executive compensation (i.e., "say on pay"); and ratifying the appointment of PricewaterhouseCoopers LLP as the Company's independent auditors for 2022.
Stockholders reelected Kirkland H. Donald, W. Thomas Jagodinski, Tina W. Jonas, William J. Madia, Daniel B. Poneman, Bradley J. Sawatzke, Neil S. Subin, and Mikel H. Williams to the Board of Directors.
Centrus Energy is a trusted supplier of nuclear fuel and services for the nuclear power industry. Centrus provides value to its utility customers through the reliability and diversity of its supply sources – helping them meet the growing need for clean, affordable, carbon-free electricity. Since 1998, the Company has provided its utility customers with more than 1,750 reactor years of fuel, which is equivalent to 7 billion tons of coal. With world-class technical and engineering capabilities, Centrus is also advancing the next generation of centrifuge technologies so that America can restore its domestic uranium enrichment capability in the future. Find out more at www.centrusenergy.com.
This press release may contain statements that constitute forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. Readers are urged to carefully review and consider this press release and our other filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2021 and our Quarterly Reports filed on Form 10-Q. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this press release, except as required by law.
Contacts:
Investors: Dan Leistikow LeistikowD@centrusenergy.com
Media: Lindsey Geisler GeislerLR@centrusenergy.com
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SOURCE Centrus Energy Corp. | https://www.wibw.com/prnewswire/2022/06/23/centrus-energy-corp-reports-results-annual-stockholder-meeting/ | 2022-06-23T20:56:01Z |
SAN FRANCISCO, July 1, 2022 /PRNewswire/ -- Nektar Therapeutics (Nasdaq: NKTR) today announced the promotion of Jillian B. Thomsen to Senior Vice President (SVP) & Chief Financial Officer. Ms. Thomsen has served as SVP, Finance & Chief Accounting Officer of Nektar since 2008, and is a key member of our Executive Committee. Gil Labrucherie, the company's current Chief Operating Officer & Chief Financial Officer, will be departing the company to pursue another opportunity at a private biotechnology company.
"Jill brings a deep understanding of financial strategy and operational excellence to her new role," said Howard Robin, President & CEO at Nektar Therapeutics. "She is a strategic leader that was instrumental in building the Nektar finance organization. In addition to oversight of finance, R&D outsourcing and procurement, Jill has been a vital member of our leadership team executing a wide range of capital market transactions, including debt and equity financings and royalty sales. I am pleased that she will be taking on this broader role for Nektar."
"Gil has been a highly valued member of our leadership team at Nektar for the past 17 years. As a member of our Executive Committee, he was involved with many important key milestones, partnerships and financings and he will be very missed by all of us. I would like to thank him for his contributions to Nektar and wish him the best in his next career step," continued Robin.
In April 2008, Jillian B. Thomsen was appointed Chief Accounting Officer at Nektar and joined our Executive Committee. She has over 30 years of finance and accounting experience. In her current role, Ms. Thomsen oversees accounting, financial reporting, FP&A, Sarbanes-Oxley compliance, treasury, tax, clinical outsourcing, and procurement functions at the company. From 2006 to 2008, she served as Vice President, Finance and Controller of Nektar. Prior to joining Nektar in 2006, Ms. Thomsen was Deputy Controller of Calpine Corporation from September 2002 to February 2006. Ms. Thomsen is a certified public accountant (inactive) and started her career serving twelve years, in Arthur Andersen LLP's audit and business advisory services practice. Ms. Thomsen holds a Master of Accountancy degree from the University of Denver and a B.A. in Business Economics from Colorado College.
Nektar Therapeutics is a biopharmaceutical company focused on the development of investigational medicines in oncology, immunology, and inflammatory diseases. Nektar is headquartered in San Francisco, California, with additional operations in Huntsville, Alabama and Hyderabad, India. Further information about the company and its drug development programs and capabilities may be found online at http://www.nektar.com.
This press release contains forward-looking statements which can be identified by words such as: "design," "potential," "intend," "advance," "expect," "aim," "plan," "prioritize," "will," "may," "future," "ensure," "believe" and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding the therapeutic potential of, and future development plans for, NKTR-358, NKTR-255 and our other drug candidates in research programs, the timing of the initiation of clinical studies and the availability of clinical data for our drug candidates, our expectations (including our expected charges and cost savings) following our corporate restructuring, reorganization and workforce reduction, and our expected working capital our cash runway. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results to differ materially from those indicated in the forward-looking statements include, among others: (i) our statements regarding the therapeutic potential of NKTR-358, NKTR-255 and our other drug candidates are subject to change as research and development continue to generate new safety and efficacy data; (ii) NKTR-358, NKTR-255 and our other drug candidates are investigational agents and continued research and development for these drug candidates is subject to substantial risks, including negative safety and efficacy findings in ongoing studies (notwithstanding positive findings in earlier preclinical and clinical studies); (iii) NKTR-358, NKTR-255 and our other drug candidates are in various stages of clinical development and the risk of failure is high and can unexpectedly occur at any stage prior to regulatory approval; (iv) the timing of the commencement or end of clinical trials and the availability of clinical data may be delayed or unsuccessful due to challenges caused by the COVID-19 pandemic, regulatory delays, slower than anticipated patient enrollment, manufacturing challenges, changing standards of care, evolving regulatory requirements, clinical trial design, clinical outcomes and competitive factors; (v) we may not achieve the expected costs savings we expect from the restructuring and reorganization; and (vi) patents may not issue from our patent applications for our drug candidates, patents that have issued may not be enforceable, or additional intellectual property licenses from third parties may be required; and (vii) certain other important risks and uncertainties set forth in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 28, 2022. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Contact:
Vivian Wu
Nektar Therapeutics
628-895-0661
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SOURCE Nektar Therapeutics | https://www.wibw.com/prnewswire/2022/07/01/nektar-announces-promotion-jillian-b-thomsen-senior-vice-president-amp-chief-financial-officer/ | 2022-07-01T11:21:46Z |
THE NATIONAL WEATHER SERVICE HAS ISSUED TORNADO WATCH 100 IN
EFFECT UNTIL 10 PM EDT THIS EVENING FOR THE FOLLOWING AREAS
IN GEORGIA THIS WATCH INCLUDES 12 COUNTIES
IN SOUTH CENTRAL GEORGIA
BEN HILL IRWIN TIFT
TURNER WORTH
IN SOUTHWEST GEORGIA
CALHOUN CLAY DOUGHERTY
LEE QUITMAN RANDOLPH
TERRELL
THIS INCLUDES THE CITIES OF ABBA, ALBANY, ALFORDS, ARLINGTON,
ASHBURN, ASHTON, BAGBY STATE PARK, BENEVOLENCE, BOWENS MILL,
CHULA, CLARKS MILL, COLES, COMMISSARY HILL, CORDRAYS MILL,
CROSSROADS, CUTHBERT, DAWSON, DAWSON MUNICIPAL A/P,
DAYS CROSSROADS, DICKEY, DOVEREL, EAST ALBANY, EDISON,
FITZGERALD, FITZGERALD MUNICIPAL A/P, FORRESTER, FORT GAINES,
GAMMAGE, GEORGETOWN, GORDY, GRAVES, HARDING, HATCHER, HEROD,
HOBBY, IRWINVILLE, ISABELLA, JONES CROSSING, LEESBURG,
LOCKETT CROSSING, MOORES CROSSROADS, MORGAN, OCILLA, PALMYRA,
PECAN, PETERSON HILL, PRETORIA, QUEENSLAND, RED ROCK,
RICKS PLACE, SHIVERS MILL, SMITHVILLE, SOUTHWEST GA REGIONAL A/P,
SPRINGVALE, SPRINGVALE STATION, SUNSWEET, SYLVESTER,
SYLVESTER AIRPORT, TIFTON, TURNER CITY, UNION, WALKER, WATERLOO,
WESTWOOD, WILLIAMSBURG, WIRE BRIDGE, WORTH, AND YEOMANS.
Weather Alert
...FLOOD WATCH REMAINS IN EFFECT THROUGH THURSDAY MORNING...
* WHAT...Flooding caused by excessive rainfall is possible.
* WHERE...Portions of southwest and south central Georgia.
* WHEN...Through Thursday morning.
* IMPACTS...Excessive runoff may result in flooding of rivers,
creeks, streams, and other low-lying and flood-prone locations.
* ADDITIONAL DETAILS...
- Localized pockets of heavy rainfall this afternoon into
tonight falling on top of previous rainfall on Tuesday may
result in areas of flooding.
- http://www.weather.gov/safety/flood
PRECAUTIONARY/PREPAREDNESS ACTIONS...
You should monitor later forecasts and be alert for possible
Flood Warnings. Those living in areas prone to flooding should be
prepared to take action should flooding develop.
&&
Kourtney Kardashian and Travis Barker only kind of got married
Kourtney Kardashian and Travis Barker got married.
Well, not exactly.
Kardashian shared a series of snapshots of herself and Barker taken at a Las Vegas wedding chapel, following the Grammy Awards on Sunday. She said in the caption on Instagram that they did not obtain a marriage license, therefore they aren't legally married.
"Found these in my camera roll. Once upon a time in a land far, far away (Las Vegas) at 2am, after an epic night and a little tequila, a queen and her handsome king ventured out to the only open chapel with an Elvis and got married (with no license). Practice makes perfect."
Their "practice" nuptials come nearly six months after they announced their engagement after a whirlwind romance.
The lavish proposal, which is teased in a preview for the Kardashian's upcoming Hulu reality series, took place on a beach in Montecito, California, complete with hundreds of red roses.
In the clip of the series, which premieres next week, Kardashian is heard talking about the couple's future plans.
Perhaps, they're saving their real wedding ceremony for the show too.
Keep it Clean. Please avoid obscene, vulgar, lewd,
racist or sexually-oriented language. PLEASE TURN OFF YOUR CAPS LOCK. Don't Threaten. Threats of harming another
person will not be tolerated. Be Truthful. Don't knowingly lie about anyone
or anything. Be Nice. No racism, sexism or any sort of -ism
that is degrading to another person. Be Proactive. Use the 'Report' link on
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accounts, the history behind an article. | https://www.albanyherald.com/entertainment/kourtney-kardashian-and-travis-barker-only-kind-of-got-married/article_b9efd4b3-27f1-58f1-a3b4-a155b92393a5.html | 2022-04-06T18:26:17Z |
Decadent New Buford Now Available at All Restaurants Nationwide
TAMPA, Fla., April 11, 2022 /PRNewswire/ -- Checkers & Rally's, an iconic and innovative drive-thru restaurant chain known for its bold and flavorful food at an exceptional value and its people-first attitude, today rolls out the Bistro Buford to all burger fans nationwide, packing irresistible taste into every savory bite. All other burger look-a-likes 'mayo' now step aside.
Checkers & Rally's new Bistro Buford features two large hand-seasoned, all-beef patties and two strips of bacon paired with melted Swiss cheese, savory creamy Dijon mayo sauce and crispy parmesan-dusted onions on a toasted bakery style bun – all for $5.99.
"Given how popular our Bufords are, we've decided to step up our burger game even further with yet another crave-able combination," said Ryan Joy, Senior Director of Development at Checkers Drive-In Restaurants, Inc."With ingredients such as parmesan-dusted onions and Dijon mayo, the Bistro Buford delivers an elevated experience that's full of flavor bang for your buck."
The Bistro Buford pairs perfectly with Checkers & Rally's Famous Seasoned Fries, recognized as the #1 Most Craveable Fries in America*.The new burger can also be ordered as part of a small, medium or large combo meal, which includes fries and a drink.
For more information, hours of operation, or to find a Checkers or Rally's location near you, please visit www.checkers.com.
*Technomic Ignite Consumer Data (2020), published by Restaurant Business.
About Checkers Drive-In Restaurants, Inc.
Based in Tampa, Fla., Checkers Drive-In Restaurants, Inc., an iconic and innovative drive-thru restaurant chain known for its bold, craveable food, famous fries, exceptional value, and people-first attitude, operates and franchises both Checkers® and Rally's® restaurants. With 850 restaurants and room to grow, Checkers & Rally's is a proven brand with flexible building formats that is aggressively expanding across the country. Checkers & Rally's is dedicated to being a place where franchisees and employees who work hard can create opportunities for themselves, their families, and their communities. In recent years, the brand has earned several of the industry's most prestigious awards including: "#1 Most Craveable Fries" by Restaurant Business 2020 and 2018; Best Franchise Deal and "Best Drive-Thru in America" by QSR Magazine; Top Food and Beverage Franchise by Franchise Business Review; the "Hot! Again" award from Nation's Restaurant News and has consistently been ranked on Entrepreneur's Franchise 500.
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SOURCE Checkers & Rally's Restaurants, Inc. | https://www.mysuncoast.com/prnewswire/2022/04/11/checkers-amp-rallys-rolls-out-new-bistro-buford/ | 2022-04-11T17:06:17Z |
- Partnership with Government of Panama provides key global logistics hub serving over 1,000 ports
- Sustainable Aviation Fuel and advanced biofuels key to decarbonization of transportation and industry
PANAMA CITY, May 18, 2022 /PRNewswire/ -- A team of foremost energy industry companies led by SGP BioEnergy joined the Government of Panama announced May 18, 2022 the development of the world's largest biofuels production and distribution hub. Once complete in five years, Biorefineria Ciudad Dorada (Golden City Biorefinery), located in Colon and Balboa, Panama, will be the largest advanced biorefinery and Sustainable Aviation Fuel (SAF) production platform in the world producing 180,000 barrels per day (2.6 billion gallons per year) of biofuel.
"Transportation makes up 27 percent of greenhouse gas emissions and the only way to decarbonize many sectors – like aviation – is to integrate fossil fuels with compatible biofuels," said Randy Delbert Letang, CEO of SGP BioEnergy. "This facility not only brings cleaner fuels online in the short term, but its construction at a central hub of global commerce, serving over 1,000 ports, catalyzes the industry in the long term by immediately delivering a lower cost of biofuels, reducing waste and revolutionizing farm economics."
Developed in partnership with private landowners, Panama Oil Terminals (POTSA) and the government of Panama, this project will repurpose existing facilities currently processing and storing 70% of the country's bunker fuel oil to the refinement and storage of biofuels derived from purpose grown plant oils, and waste fats and greases. It will immediately reduce the carbon output of the facility by 80%, revolutionizing the economics in the region and supporting more than 1,000 high paying jobs.
"Our country welcomes this biofuels production and logistics facility that will help Latin America and the world in the energy transition and contribute to climate change innovation. Panama's unique geographic position, existing logistics platform, and special economic zones make it the perfect place for this facility. We are very excited about the 1,000 jobs this investment will generate for the people of Colon and Panama. In addition, it has the potential to stimulate Panama's agricultural sector by producing bioenergy feedstocks locally," said Laurentino Cortizo, President of the Republic of Panama.
A key innovation that makes the facility possible is the proprietary technology of Topsoe that is in use at more than a dozen facilities around the world that have more than 650,000 barrels per day of renewable capacity.
Henrik Rasmussen, Managing Director, The Americas, Topsoe, stated: "We are very happy to license our HydroFlex™ and H2 Bridge™ technologies for this exciting renewable fuels project in Panama and to support SGP BioEnergy in their ambition to deliver renewable diesel and jet fuels for the local and global markets."
The refinery will be developed in three phases, each over a period of 5 years with the goal of increasing production by 60,000 barrels per day over each phase. SGP BioEnergy has selected Fluor—the engineering, procurement and construction market leader in refining—together with its Mexico-based affiliate ICA Fluor, to perform the front-end engineering study."
Airlines have pledged to use biofuels to sustain one million flights and reduce carbon dioxide emissions by an average of 70 percent. This major shift comes from global momentum for decarbonization including regulatory initiatives and major corporate commitments. SGP BioEnergy's management team has a proven track record of securing contracts with leading airlines who are committed to decarbonizing their operations and providing their customers with lower carbon travel options at a price competitive with conventional jet fuel.
To finance the project, SGP BioEnergy partnered with Goldman Sachs to identify investors that shared the company's vision for a better energy mix that includes renewable biofuel. The country of Panama was an ideal partner to support the financial potential of the project given its free zones, commitment to clean energy innovation and global platform to transport the fuels to over 1,000 ports around the world.
"Panama´s Energy Transition Agenda is creating transformational opportunities which are positioning us as an innovative country who will deliver Clean Fuels to bypass the fossil fuel era," said Dr. Jorge Rivera Staff, National Energy Secretary of Panama. "Today, Panama is expanding its role as a Regional Energy Hub while also supporting local agriculture."
About SGP BioEnergy
SGP BioEnergy is a bioenergy business leader committed to the science of solving global energy challenges sustainably. Independent of legacy oil interests, our ecosystem of partners in agriculture, finance, production, and technology are working together to make industrial-scale advanced biofuels a reality for an established set of customers that share our passion for a more sustainable future.
To successfully produce biofuels at scale requires three main elements: 1) reliable feedstock that is cost efficient to produce low-cost biofuel at a price that is comparative to fossil fuels. 2) Industrial-scale refining production that is reliable, efficient and can readily deliver fuel to buyers and 3) Established customers committed to purchase biofuel to ensure a return on investment. SGP BioEnergy believes that business begins with people and collaboration. Through our collaborative approach we have built strong partnerships in all three areas to make cost efficient biofuel production at industrial scale a reality and create long-term solutions to realize a more sustainable world.
About Topsoe
Founded in 1940, Topsoe is a global leader in developing solutions for a decarbonized world, supplying technology, catalysts, and services for worldwide energy transition.
Our mission is to combat climate change by helping our partners and customers achieve their decarbonization and emission-reduction targets, including those in challenging sectors: aviation, shipping, and production of crucial raw materials. From low-carbon or zero-carbon chemicals, to renewable fuels and plastic upcycling, we are uniquely positioned to aid humanity in realizing a sustainable future.
Topsoe is headquartered in Denmark, with 2,100 employees serving customers all around the globe. To learn more, visit www.topsoe.com.
Media Contact:
USA:
Lillie Thurman, lillie.thurman@edelman.com
Panama:
Hannah Gallagher, hannah.gallagher@edelman.com
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SOURCE SGP BioEnergy | https://www.wibw.com/prnewswire/2022/05/18/sgp-bioenergy-announces-worlds-largest-advanced-biofuel-production-facility/ | 2022-05-18T15:44:29Z |
This acquisition expands the automotive capabilities of UL Solutions to better serve the automotive industry's original equipment manufacturers' and top-tier suppliers' testing and certification needs.
NORTHBROOK, Ill., June 29, 2022 /PRNewswire/ -- UL Solutions, a global leader in applied safety science, today announced its acquisition of Data Test Labs, a Michigan-based company focusing on electrical, environmental and mechanical testing for automakers and their suppliers.
"The automotive industry is in the midst of a paradigm shift as it continues to introduce new technologies and innovations that are entirely reshaping how we move from place to place. Overall, system safety remains the backbone for these innovations," said Jennifer Scanlon, president and CEO, UL Solutions Inc. "We are confident this acquisition deepens our expertise, allowing UL Solutions to help customers continue to evolve and succeed as these new technologies introduce new challenges and opportunities."
As safety and security are highly interrelated, original equipment manufacturers (OEMs) and automotive component and system manufacturers are increasingly searching for an end-to-end partner for testing solutions to address safety and security standards and regulations.
"Automotive services currently offered by UL Solutions help customers navigate complexity and develop a framework for automotive standards and best practices," said Weifang Zhou, executive vice president and president of Testing, Inspection and Certification, UL Solutions. "Welcoming Data Test Labs supports our mission of working for a safer world and allows us to expand our current portfolio while accelerating the delivery of automotive standards testing services."
Co-founded in 2017 by automotive industry veterans Michael Janssen and Alfredo Apolloni, chief executive officer and chief engineer, respectively, and headquartered in Plymouth, Michigan, a suburb of Detroit, Data Test Labs focuses on vibration and electrical, environmental simulation, fluid and ingress protection code testing.
"We founded Data Test Labs on the tenet that validation testing helps to assure a product's quality and reliability and is critically important for interconnected safety-critical vehicle systems," said Janssen. "We share the mission-centric safety culture of UL Solutions and are committed to keeping mobility safe."
The transaction closed on June 29, 2022.
About UL Solutions
A global leader in applied safety science, UL Solutions transforms safety, security and sustainability challenges into opportunities for customers in more than 100 countries. UL Solutions delivers testing, inspection and certification services, together with software products and advisory offerings, that support our customers' product innovation and business growth. The UL Certification Marks serve as a recognized symbol of trust in our customers' products and reflect an unwavering commitment to advancing our safety mission. We help our customers innovate, launch new products and services, navigate global markets and complex supply chains and grow sustainably and responsibly into the future. Our science is your advantage.
Press contact:
Steven Brewster
UL Solutions
ULNews@UL.com
1+847.664.8425
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SOURCE UL Solutions | https://www.kxii.com/prnewswire/2022/06/29/ul-solutions-acquires-data-test-labs/ | 2022-06-29T23:00:51Z |
Browns release two kickers after drafting LSU’s Cade York
By TOM WITHERS
AP Sports Writer
CLEVELAND (AP) — Cade York has already kicked out his competition with the Browns. Cleveland released kickers Chase McLaughlin and Chris Blewitt two days after selecting York, one of college football’s best kickers, in the fourth round of the NFL draft to upgrade its wayward kicking game. York made 15 of 19 field-goal tries beyond 50 yards at LSU. He was the highest kicker drafted since 2016. The Browns have been plagued by poor placekicking in recent years. McLaughlin started well last season, making his first nine field-goal tries before struggling and finishing 15 of 21. Blewitt was signed to Cleveland’s practice squad late last season. | https://localnews8.com/sports/ap-national-sports/2022/05/02/browns-release-two-kickers-after-drafting-lsus-cade-york/ | 2022-05-02T20:49:30Z |
DALLAS (STACKER) — Seafood, once enjoyed only by Americans living on the coasts, is now available everywhere thanks to greatly improved transportation and storing technology. And Americans love seafood: Red Lobster, the casual dining chain, has hundreds of locations in 44 states and brought in $2.5 billion in sales in 2019. But Americans who love seafood seek it out in historic establishments and fine-dining restaurants as well as chains. Cooking styles and techniques vary across regions, many of which have their own specialized and beloved takes on seafood preparation, from boils to bakes to bisques.
To celebrate all things that travel from sea to dinner plates, Stacker compiled a list of the highest-rated seafood restaurants in Dallas on Tripadvisor.
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#30. Red Lobster
– Rating: 4.0 / 5 (47 reviews)
– Detailed ratings: Food (4.0/5), Service (4.5/5), Value (4.0/5), Atmosphere (4.0/5)
– Type of cuisine: Seafood, American
– Price: $$ – $$$
– Address: 9069 Vantage Point Dr., Dallas, TX 75243
– Read more on Tripadvisor
#29. Hudson House
– Rating: 4.5 / 5 (42 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.0/5)
– Type of cuisine: Seafood, Armenian
– Price: $$ – $$$
– Address: 4448 Lovers Ln, Dallas, TX 75225
– Read more on Tripadvisor
#28. Lovers Seafood & Market
– Rating: 4.0 / 5 (41 reviews)
– Detailed ratings: Food (4.0/5), Service (4.5/5), Value (3.5/5)
– Type of cuisine: American, Seafood
– Price: $$ – $$$
– Address: 5200 W Lovers Ln, Dallas, TX 75209-3334
– Read more on Tripadvisor
#27. Fish City Grill
– Rating: 4.5 / 5 (23 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.5/5)
– Type of cuisine: Seafood, Bar
– Price: $$ – $$$
– Address: 7170 Skillman St # 100 Lake Highlands Town Center – At The Southeast Corner Of Skillman And Walnut Hill, Dallas, TX 75231-5651
– Read more on Tripadvisor
#26. Palapas Seafood Bar
– Rating: 4.5 / 5 (28 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.5/5), Atmosphere (4.0/5)
– Type of cuisine: Seafood, Mexican
– Price: $$ – $$$
– Address: 1418 Greenville Ave, Dallas, TX 75206-7745
– Read more on Tripadvisor
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#25. Big Shucks Oyster Bar
– Rating: 4.0 / 5 (53 reviews)
– Detailed ratings: Food (4.0/5), Service (4.0/5), Value (4.0/5), Atmosphere (3.5/5)
– Type of cuisine: American, Seafood
– Price: $$ – $$$
– Address: 6232 East Mockingbird Lane, Dallas, TX 75214
– Read more on Tripadvisor
#24. Fish City Grill – Preston
– Rating: 4.5 / 5 (85 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.5/5), Atmosphere (4.0/5)
– Type of cuisine: Seafood, American
– Price: $$ – $$$
– Address: 10720 Preston Rd Suite 1012, Dallas, TX 75230-3864
– Read more on Tripadvisor
#23. TJ’s Seafood Market
– Rating: 4.0 / 5 (47 reviews)
– Detailed ratings: Food (4.0/5), Service (4.0/5), Value (3.5/5), Atmosphere (3.5/5)
– Type of cuisine: Seafood, American
– Price: $$ – $$$
– Address: 4212 Oak Lawn Ave, Dallas, TX 75219-2312
– Read more on Tripadvisor
#22. Rex’s Seafood and Market
– Rating: 4.5 / 5 (21 reviews)
– Detailed ratings: Food (4.5/5), Service (5.0/5), Value (4.5/5)
– Type of cuisine: Seafood
– Price: $$ – $$$
– Address: 6713 W Northwest Hwy, Dallas, TX 75225-4201
– Read more on Tripadvisor
#21. TJ’s Seafood Market and Grill
– Rating: 4.0 / 5 (61 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.0/5)
– Type of cuisine: American, Seafood
– Price: $$ – $$$
– Address: 6025 Royal Ln #110, Dallas, TX 75230-3892
– Read more on Tripadvisor
You may also like: Highest-rated restaurants in Dallas, according to Tripadvisor
#20. Hook Line N Sinker
– Rating: 4.0 / 5 (113 reviews)
– Detailed ratings: Food (4.0/5), Service (4.5/5), Value (4.0/5), Atmosphere (4.0/5)
– Type of cuisine: American, Seafood
– Price: $$ – $$$
– Address: 17602 Preston Rd, Dallas, TX 75252-5734
– Read more on Tripadvisor
#19. Water Grill
– Rating: 4.0 / 5 (72 reviews)
– Detailed ratings: Food (4.0/5), Service (4.5/5), Value (3.5/5)
– Type of cuisine: American, Seafood
– Price: $$$$
– Address: 1920 McKinney Ave Nineteen Hundred, Dallas, TX 75201-1702
– Read more on Tripadvisor
#18. La Calle Doce Oak Cliff
– Rating: 4.5 / 5 (109 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.0/5), Atmosphere (4.5/5)
– Type of cuisine: Mexican, Seafood
– Price: $$ – $$$
– Address: 415 W 12th St, Dallas, TX 75208-6507
– Read more on Tripadvisor
#17. Nobu Dallas
– Rating: 4.0 / 5 (328 reviews)
– Detailed ratings: Food (4.5/5), Service (4.0/5), Value (3.5/5), Atmosphere (4.0/5)
– Type of cuisine: Japanese, Seafood
– Price: $$$$
– Address: 400 Crescent Court, Dallas, TX 75201
– Read more on Tripadvisor
#16. The Boiling Crab
– Rating: 4.5 / 5 (139 reviews)
– Detailed ratings: Food (4.5/5), Service (4.0/5), Value (4.0/5), Atmosphere (4.0/5)
– Type of cuisine: American, Seafood
– Price: $$ – $$$
– Address: 10560 Walnut St Ste 100, Dallas, TX 75243-5361
– Read more on Tripadvisor
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#15. Rex’s Seafood and Market
– Rating: 4.5 / 5 (60 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (3.5/5)
– Type of cuisine: Bar, Seafood
– Price: $$ – $$$
– Address: 920 S Harwood St #150, Dallas, TX 75201-6101
– Read more on Tripadvisor
#14. Uchi Dallas
– Rating: 4.5 / 5 (285 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.0/5)
– Type of cuisine: Japanese, Seafood
– Price: $$$$
– Address: 2817 Maple Ave Above Uchi Dallas, Dallas, TX 75201-1403
– Read more on Tripadvisor
#13. Aw Shucks
– Rating: 4.5 / 5 (126 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.5/5), Atmosphere (4.0/5)
– Type of cuisine: American, Seafood
– Price: $
– Address: 3601 Greenville Ave, Dallas, TX 75206-5631
– Read more on Tripadvisor
#12. Flying Fish
– Rating: 4.0 / 5 (119 reviews)
– Detailed ratings: Food (4.0/5), Service (4.0/5), Value (4.0/5), Atmosphere (3.5/5)
– Type of cuisine: American, Seafood
– Price: $$ – $$$
– Address: 6126 Luther Ln, Dallas, TX 75225-6201
– Read more on Tripadvisor
#11. Montlake Cut
– Rating: 4.5 / 5 (74 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.0/5)
– Type of cuisine: Seafood, American
– Price: $$ – $$$
– Address: 8220 Westchester Dr, Dallas, TX 75225-6119
– Read more on Tripadvisor
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#10. Dallas Fish Market
– Rating: 4.0 / 5 (403 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.0/5), Atmosphere (4.0/5)
– Type of cuisine: American, Seafood
– Price: $$$$
– Address: 1501 Main St, Dallas, TX 75201-4812
– Read more on Tripadvisor
#9. Pappadeaux Seafood Kitchen
– Rating: 4.5 / 5 (253 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.0/5), Atmosphere (4.5/5)
– Type of cuisine: American, Seafood
– Price: $$ – $$$
– Address: 18349 Dallas Pkwy, Dallas, TX 75287
– Read more on Tripadvisor
#8. Eddie V’s Prime Seafood
– Rating: 4.5 / 5 (293 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.0/5), Atmosphere (4.5/5)
– Type of cuisine: American, Seafood
– Price: $$$$
– Address: 4023 Oak Lawn Ave Suite 100, Dallas, TX 75219
– Read more on Tripadvisor
#7. Cafe Pacific
– Rating: 4.5 / 5 (274 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.0/5), Atmosphere (4.5/5)
– Type of cuisine: American, Seafood
– Price: $$$$
– Address: 24 Highland Park Vlg, Dallas, TX 75205-2729
– Read more on Tripadvisor
#6. Pappadeaux Seafood Kitchen
– Rating: 4.5 / 5 (375 reviews)
– Detailed ratings: Food (4.5/5), Service (4.0/5), Value (4.0/5), Atmosphere (4.5/5)
– Type of cuisine: American, Seafood
– Price: $$ – $$$
– Address: 3520 Oak Lawn Ave., Dallas, TX 75219
– Read more on Tripadvisor
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#5. The Oceanaire Seafood Room
– Rating: 4.0 / 5 (491 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (3.5/5), Atmosphere (4.0/5)
– Type of cuisine: American, Seafood
– Price: $$$$
– Address: 13340 Dallas Pkwy Suite 1369, Dallas, TX 75240
– Read more on Tripadvisor
#4. Ocean Prime
– Rating: 4.5 / 5 (398 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.0/5), Atmosphere (4.5/5)
– Type of cuisine: American, Seafood
– Price: $$$$
– Address: 2101 Cedar Springs Rd Suite 150, Dallas, TX 75201-2104
– Read more on Tripadvisor
#3. Pappadeaux Seafood Kitchen
– Rating: 4.5 / 5 (1,197 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.0/5), Atmosphere (4.0/5)
– Type of cuisine: American, Seafood
– Price: $$ – $$$
– Address: 10428 Lombardy Ln., Dallas, TX 75220
– Read more on Tripadvisor
#2. Truluck’s Ocean’s Finest Seafood & Crab
– Rating: 4.5 / 5 (907 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.0/5), Atmosphere (4.5/5)
– Type of cuisine: Steakhouse, American
– Price: $$$$
– Address: 2401 McKinney Ave, Dallas, TX 75201-1938
– Read more on Tripadvisor
#1. S & D Oyster Co
– Rating: 4.5 / 5 (262 reviews)
– Detailed ratings: Food (4.5/5), Service (4.5/5), Value (4.0/5), Atmosphere (4.5/5)
– Type of cuisine: American, Seafood
– Price: $$ – $$$
– Address: 2701 McKinney Ave, Dallas, TX 75204-2521
– Read more on Tripadvisor
You may also like: Highest and lowest paying health care jobs in Dallas | https://cw33.com/news/local/highest-rated-seafood-restaurants-in-dallas-according-to-tripadvisor/ | 2022-04-26T16:03:21Z |
Lawyers: Nearly $1B settlement in Florida condo collapse
ST. PETERSBURG, Fla. (AP) — A nearly $1 billion tentative settlement has been reached in a class-action lawsuit brought by families of victims and survivors of last June’s condominium collapse in Surfside, Florida, an attorney said Wednesday.
Harley S. Tropin announced the $997 million settlement during a hearing before Miami-Dade Circuit Court Judge Michael Hanzman. Still pending final approval, the settlement involves insurance companies, developers of an adjacent building and other defendants.
“I’m shocked by this result — I think it’s fantastic,” Hanzman said. “This is a recovery that is far in excess of what I had anticipated.”
Earlier this year, Hanzman had approved an $83 million settlement to compensate people who suffered economic losses such as condominium units and personal property. A key question from the beginning has been how to allocate money from the property’s sale, insurance proceeds and damages from lawsuits among wrongful death cases and property claims.
The 12-story Champlain Towers South condiminium collapsed abruptly in the early-morning hours of June 24, almost instantly destroying dozens of individual condo units and burying victims under tons of rubble. Rescuers spent weeks carefully digging through mountains of concrete, first to find survivors and later to recover the remains of those who died. A total of 98 people were killed.
The main lawsuit, filed on behalf of Champlain Towers South victims and family members, contends that work on the adjacent Eighty Seven Park tower damaged and destabilized the Champlain Towers building, which was in dire need of major structural repair. Champlain Towers was in the midst of its 40-year structural review when it partially crumbled to the ground.
Video released by a team of federal investigators showed evidence of extensive corrosion and overcrowded concrete reinforcement in the building.
The collapse triggered lawsuits from victims, families and condo owners, and prompted state and federal investigations. In December, a Florida grand jury issued a lengthy list of recommendations aimed at preventing another condominium collapse, including earlier and more frequent inspections and better waterproofing.
And in February of this year, the Florida House unanimously passed a bill that would require statewide recertification of any condo building above three stories high. The bill would require recertification after 30 years, or 25 years if the building is within 3 miles (5 kilometers) of the coast, and every 10 years thereafter.
At the time of the collapse, Miami-Dade and Broward were the only two of the state’s 67 counties that had condominium recertification programs.
Champlain Towers was located in Surfside, a town just north of Miami Beach. The little-known enclave comprises a mix of older homes and condos similar to the collapsed tower, built decades ago for the middle-class, and recently erected luxury condos drawing the wealthy. That includes former first daughter Ivanka Trump and her husband, Jared Kushner, who live about a block north of the collapsed condo.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/05/11/lawyers-nearly-1b-settlement-florida-condo-collapse/ | 2022-05-11T23:07:05Z |
Nulogy's multi-enterprise platform recognized for execution and vision
TORONTO, June 15, 2022 /PRNewswire/ - Nulogy, a leading provider of supply chain collaboration solutions, today announced that the company has for the first time been positioned by Gartner in its Magic Quadrant for Multienterprise Supply Chain Business Networks.1
"It is an honor to be recognized for the first time in the Gartner Magic Quadrant for the value we deliver to our customers by enabling synchronized, optimized supply ecosystems," said Jason Tham, CEO, Nulogy. "Through the continual evolution of our multi-enterprise platform, and our ongoing work with co-packers, contract manufacturers, and CPG companies that share our vision, we hope to make even bigger strides to give our customers the capabilities they need to succeed in today's consumer categories—from food and home products to pharmaceuticals and electronics."
Magic Quadrant reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The research enables business executives to get the most from market analysis in alignment with their unique business and technology needs.
Nulogy is the leading purpose-built multi-enterprise platform for co-packing and contract manufacturer networks, enabling fast-moving consumer goods brands and their suppliers to collaborate seamlessly on a centralized, data-driven, AI-enabled platform. The Nulogy Multi-Enterprise Supply Chain Business Network Platform also enables the digitization of shop floor processes of contract manufacturers and co-packers for enhanced line efficiency and profitability, and is live in hundreds of sites worldwide.
View a complimentary copy of the Magic Quadrant report to learn more about Nulogy's product offering, among other provider offerings: https://see.nulogy.com/2022-magic-quadrant-mescbn/.
GARTNER and Magic Quadrant are registered trademarks and service marks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Nulogy, a leading supplier of digital supply chain solutions, enables customers and their supplier communities to collaborate on a multi-enterprise platform in order to deliver with excellence to an ever-changing consumer market. The Nulogy Multi-Enterprise Supply Chain Business Network Platform optimizes upstream supply ecosystems composed of brand manufacturers, contract manufacturers and packagers, third party logistics providers, raw material and packaging suppliers to accelerate supply chain responsiveness and collaborate at the speed of today's market.
Visit Nulogy online at www.nulogy.com.
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SOURCE Nulogy Corporation | https://www.mysuncoast.com/prnewswire/2022/06/15/nulogy-makes-first-appearance-into-2022-gartner-magic-quadrant-multienterprise-supply-chain-business-networks/ | 2022-06-15T15:30:37Z |
Cornyn: Texas AG Ken Paxton’s legal woes an ‘embarrassment’
WASHINGTON (AP) — Republican U.S. Sen. John Cornyn of Texas on Thursday blasted one of his party’s top leaders back home, calling the mounting pile of accusations and legal woes Attorney General Ken Paxton faces an “embarrassment” just days before a primary runoff election.
Paxton, who is within reach of winning the GOP nomination to seek a third term Tuesday, has been under state felony indictment since 2015 on securities fraud charges and is separately being investigated by the FBI after his top deputies accused him of corruption.
He faces Texas Land Commissioner George P. Bush, who forced a runoff in March but finished 20 percentage points behind Paxton in a four-way primary.
“This is the chief law enforcement officer of the state of Texas and it’s a source of embarrassment to me that that has been unresolved,” Cornyn told reporters. “As a former attorney general myself, I’m embarrassed by what we’re having to deal with.”
Paxton responded that Cornyn “represents the Bush wing of the GOP” and that he was “not shocked” by the senator’s comments. “I’ll never relate to Senator Cornyn’s ability to compromise with radical Senate Democrats in DC,” Paxton wrote on Twitter.
The remarks by Cornyn, a former member of the Senate’s Republican leadership, amount to one of the most stinging public rebukes of Paxton by a high-ranking member of his party over a growing trail of legal problems. Other Texas Republicans, including Gov. Greg Abbott, have previously expressed concern about the allegations against Paxton but have generally stopped short of directly criticizing him.
Cornyn’s comments come as the Texas bar association considers whether to punish Paxton over his attempts to baselessly overturn the 2020 presidential election. The bar earlier this month brought a disciplinary proceeding against Paxton’s second-in-command and the attorney general has said he expects the regulator to sue him over his effort to overturn Joe Biden’s presidential victory.
Paxton has pleaded not guilty to the securities fraud charges and has broadly denied accusations by his former staff that he used his office to help a wealthy donor.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/05/20/cornyn-texas-ag-ken-paxtons-legal-woes-an-embarrassment/ | 2022-05-20T01:02:44Z |
2 teen girls plotted shooting at high school, made hit list, police say
KINGMAN, Ariz. (KVVU/Gray News) - Two teen girls plotted a shooting at an Arizona high school, even making a list of who they planned to kill, investigators said.
The Mohave County Sheriff’s Office said two Kingman High School students, a 14-year-old and a 15-year-old, had been planning the shooting. Deputies were alerted to the plot on Aug. 31.
KVVU reported detectives identified the two girls as the suspects Sept. 1, and they were immediately suspended from the school pending further investigation.
According to investigators, the two girls were experiencing relationship issues and said they had been bullied by other students “to which they had intended on fatally wounding.”
Police said there were 14 students on the list of people they intended to shoot.
“Although the manner was not specific, the intent was,” the sheriff’s office said in a news release.
Parents of the students on the list were immediately notified of the threat, officials said.
The two girls were arrested and face charges of making a terrorist threat and booked into Mohave County Juvenile Detention Facility. The sheriff’s department said they have a “zero tolerance stance” on threats that disrupt educational facilities, students and faculty.
Copyright 2022 KVVU via Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/09/06/2-teen-girls-plotted-shooting-high-school-made-hit-list-police-say/ | 2022-09-06T19:06:07Z |
Narcotics found during traffic stop sends Neosho County man to jail
Published: Aug. 15, 2022 at 3:07 PM CDT|Updated: 15 minutes ago
OSAGE CO., Kan. (WIBW) - A Neosho County man was taken into custody Monday afternoon when an Osage County Sheriff’s K9 unit found narcotics in his vehicle during a traffic stop at a Casey’s General Store in Lyndon.
Officials say Charles A. Ysusi, 50, of Chanute was taken into custody shortly after 12:15 p.m. on Monday and transported to Osage County Jail on suspicion of possession of methamphetamine and possession of drug paraphernalia.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/08/15/narcotics-found-during-traffic-stop-sends-neosho-county-man-jail/ | 2022-08-15T20:23:53Z |
The GBI Southwestern Regional Drug Enforcement Office and Wilcox County Sheriff’s Office arrested Jimmy Lee Clack Jr., 46, for trafficking methamphetamine and possession of heroin.
PITTS — The GBI Southwestern Regional Drug Enforcement Office and Wilcox County Sheriff’s Office arrested Jimmy Lee Clack Jr., 46, for trafficking methamphetamine and possession of heroin.
The GBI SWRDEO, Wilcox County Sheriff’s Office, Ben Hill County Sheriff’s Office and Crisp County Sheriff’s Office received information that Clack was distributing methamphetamine from his home in Pitts. During a two-month investigation, information was developed to obtain a search warrant for 171 Cleveland Ave. in Pitts. A search of Clack’s home resulted in the recovery of approximately 23 ounces of methamphetamine, two grams of heroin and two firearms. Clack was booked into the Wilcox County Jail.
The GBI Southwestern Regional Drug Enforcement Office is in Albany and services 42 counties in southwest Georgia. The office is a collaborative effort between the GBI, the Albany Police Department, the Dougherty County Sheriff’s Office, the Dougherty County Police Department, the Dougherty County District Attorney’s Office, the Colquitt County Sheriff’s Office, and the Americus Police Department and is partially funded with Byrne/JAG grant funds.
Bounce analyzed what employment in the airline industry could look like in the coming years, while touching on the lingering impact of the COVID-19 pandemic. Click for more.
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WATCH: 10-year-old saves mom from drowning after she has a seizure in pool
KINGSTON, Texas (KTEN) – In early August, Gavin Keeney saw his mother, who suffers from seizures, struggling in their swimming pool and he wasted no time before saving her life.
He was awarded a “Saving a Life” plaque in front of all of his peers.
“I heard what was a lot of splashing and moving around, I heard kind of yelling but also drowning, so then I looked and saw her seizing and so I went and jumped in and got her back to the ladder,” Gavin said.
Kingston Police Chief Kasey Cox said he and the fire chief got together and decided to reward Gavin for his actions.
Lori Keeney, Gavin’s mom, said he is used to helping her with her seizures, sometimes daily, and she’s glad he’s getting some recognition.
“Truly amazing thing to see, and I don’t normally get to see him in action and what he gets to do after I’m having a seizure ... it’s just, this is the first time I actually got to see it just because of security cameras,” she said. “So much pride in him. At the same time, it was heartbreaking to watch.”
According to Gavin, this is his second “Saving a Life” plaque. He originally got one when his mom was choking and his quick thinking also saved her then.
“I tried the Heimlich, and when that didn’t work I called 911,” Gavin said.
Cox deemed him a hero in his speech as he gave him the plaque. Gavin had a big smile on his face.
“Just see really great things for him, in this field of helping others, in whatever capacity, he has such great compassion for humankind and his friends and family, and I really hope that maybe this is a future for him,” Keeney said.
Copyright 2022 KTEN via CNN Newsource. All rights reserved. | https://www.mysuncoast.com/2022/08/29/watch-10-year-old-saves-mom-drowning-after-she-has-seizure-pool/ | 2022-08-29T19:16:38Z |
NEW ORLEANS, July 8, 2022 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 5, 2022 to file lead plaintiff applications in a securities class action lawsuit against Teladoc Health, Inc. (NYSE: TDOC), if they purchased the Company's securities between October 28, 2021 and April 27, 2022, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York.
If you purchased securities of Teladoc as above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nyse-tdoc/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by August 5, 2022.
Teladoc and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On April 27, 2022, the Company disclosed a host of negative financial results, including revenue of $565.4 million, below consensus estimates by $3.23 million, net loss per share of $41.58, primarily driven by a non-cash goodwill impairment charge of $6.6 billion or $41.11 per share, and revised FY 2022 revenue guidance to $2.4 - $2.5 billion and adjusted EBITDA guidance to $240 - $265 million, which the Company largely attributed to increased competition in its BetterHelp and chronic care businesses.
On this news, shares of Teladoc fell $22.48 per share, or 40.15%, to close at $33.51 per share on April 28, 2022.
The case is Schneider v. Teladoc Health, Inc., et al., No. 22-cv-04687.
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 recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, California, Louisiana and New Jersey.
To learn more about KSF, you may visit www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
1100 Poydras St., Suite 3200
New Orleans, LA 70163
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SOURCE Kahn Swick & Foti, LLC | https://www.kxii.com/prnewswire/2022/07/09/teladoc-health-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-amp-foti-llc-reminds-investors-with-losses-excess-100000-lead-plaintiff-deadline-class-action-lawsuit-against-teladoc-health-inc-tdoc/ | 2022-07-09T03:56:42Z |
VANCOUVER, BC, April 12, 2022 /PRNewswire/ - GoldMining Inc. (the "Company" or "GoldMining") (TSX: GOLD) (NYSE: GLDG) is pleased to announce that it has commenced a program of exploration drilling on the La Garrucha target, located less than one kilometre to the east and immediately adjacent to the existing mineral resources on the Company's 100% owned La Mina project ("La Mina"), located in Antioquia, Colombia.
Alastair Still, CEO of GoldMining, commented, "The start of our first drilling campaign on the La Garrucha target at La Mina marks an important milestone for our Company as we begin to unlock value from our portfolio of gold and gold-copper projects located throughout the Americas. This exploration drilling program is designed to test an exciting target, which we believe has the potential to expand upon the project's existing resource base and represents an opportunity to enhance the economics of the recently announced Preliminary Economic Assessment (see January 12, 2022 news release). We are planning approximately 3,600 metres of drilling in 6 holes with the core to be logged and sampled at our existing La Mina project facilities. Samples of sawn core will be transported to ALS Colombia LTDA in Medellín for assaying."
Paulo Pereira, P. Geo., President of GoldMining, has reviewed and approved the technical information contained in this news release. Mr. Pereira is a Qualified Person as defined in National Instrument 43-101.
GoldMining Inc. is a public mineral exploration company focused on the acquisition and development of gold assets in the Americas. Through its disciplined acquisition strategy, GoldMining now controls a diversified portfolio of resource-stage gold and gold-copper projects in Canada, U.S.A., Brazil, Colombia, and Peru. The Company also owns 20 million shares of Gold Royalty Corp. (NYSE American: GROY).
This document contains certain forward-looking statements that reflect the current views and/or expectations, including statements regarding expected work at the Company's La Mina Project and the expected benefits thereof. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the markets in which GoldMining operates. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including: delays to plans caused by restrictions and other future impacts of COVID-19 or any other inability of the Company to meet expected timelines for planned project activities; results of exploration programs may not confirm expectations; the inherent risks involved in the exploration and development of mineral properties, fluctuating metal prices, unanticipated costs and expenses, risks related to government and environmental regulation, social, permitting and licensing matters, and uncertainties relating to the availability and costs of financing needed in the future. These risks, as well as others, including those set forth in GoldMiningꞌs Annual Information Form for the year ended November 30, 2021, and other filings with Canadian securities regulators and the U.S. Securities and Exchange Commission, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.
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SOURCE GoldMining Inc. | https://www.mysuncoast.com/prnewswire/2022/04/12/goldmining-commences-exploration-drilling-its-la-mina-project-colombia/ | 2022-04-12T11:36:52Z |
NEW YORK, June 22, 2022 /PRNewswire/ -- Natixis Corporate & Investment Banking announced today that it has provided a $140 million secured revolving credit facility to a JV between Rialto Capital Management and YourStorageUnits. The facility is currently secured by seven recently constructed self-storage properties located in Florida, Georgia and South Carolina, comprising more than 5,000 units in aggregate. The facility will be utilized to acquire additional self-storage assets which are undergoing development by YourStorageUnits.
Rialto Capital is an integrated investment management and asset management platform with a dedicated special servicer. YourStorageUnits' principals have been active in the self-storage sector since 1993 and has developed more than 2,000 facilities during that time and more than 330 facilities and 19MM sq. ft. within the past 5 years.
Natixis Corporate & Investment Banking is a leading global financial institution that provides advisory, investment banking, financing, corporate banking and capital markets services to corporations, financial institutions, financial sponsors and sovereign and supranational organizations worldwide.
Our teams of experts in 30 countries advise clients on their strategic development, helping them to grow and transform their businesses, and maximize their positive impact. We are committed to supporting the environmental transition by aligning our financing balance sheet with a +1.5°C trajectory by 2050.
As part of the Global Financial Services division of Groupe BPCE, the second largest banking group in France through the Banque Populaire and Caisse d'Epargne retail networks, Natixis CIB benefits from the Group's financial strength and solid financial ratings (Standard & Poor's: A, Moody's: A1, Fitch: A+, R&I: A+).
Press contacts:
Tara Flanagan
Prosek Partners
tflanagan@prosek.com
Tel: +1 646 818 9022
https://www.linkedin.com/company/natixis-corporate-investment-banking/
https://www.youtube.com/user/Natixisvideos
https://podcast.ausha.co/green-momentum
Our information is certified with blockchain technology.
Check that this press release is genuine at www.wiztrust.com.
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SOURCE Natixis | https://www.mysuncoast.com/prnewswire/2022/06/22/natixis-corporate-amp-investment-banking-provides-140-million-revolving-credit-facility-rialto-capital-management-yourstorageunits-jv/ | 2022-06-22T15:30:38Z |
Innovative beverage packaging solution to increase attractiveness of can end appearances and reduce carbon footprint
ZÜRICH, Sept. 9, 2022 /PRNewswire/ -- Novelis Inc., a leading sustainable aluminum solutions provider and the world's largest aluminium recycler and manufacturer of beverage can sheet, today announced the company's new laminated aluminium surfaces for beverage can ends that will be showcased September 27 to 29 at ALUMINIUM 2022 in Düsseldorf. This innovative application improves beverage container appearance, increases production process efficiencies and lowers CO2 emissions for European beverage brands and can makers. As a result, it further advances Novelis' leadership in the growing market for aluminium beverage packaging.
Colored aluminium beverage can ends, especially black, are particularly popular for new and innovative beverage products and energy drinks. However, producing lacquered, black ends also poses challenges in terms of color stability and can makers' production processes.
High-quality surfaces and color stability are especially important for the premium beverage segments. Novelis' new aluminium sheet comes with a black laminating film. The laminating film is free of Bisphenol A (BPA) and per- and poly-fluoroalkyl substances (PFAS) and meets all food and beverage industry requirements.
At Novelis' Göttingen site in Germany, which specializes in rolled aluminium surface finishing, the laminating film is applied by a combination of pressure and heat.
For beverage can makers, adoption of the laminated sheet is simple, as the production of laminated ends does not require any can line retooling. In fact, it requires less cleaning, leading to increased productivity.
Novelis' product innovation supports can makers and beverage brands in reaching their sustainability goals. The lamination of aluminium coils for can ends reduces CO2 emissions by 33%, compared to the conventional liquid coating, as the lamination process requires less heat and chemicals. Laminated ends have no adverse impact on beverage can recyclability. Similar to the conventional can coating, the laminating film is removed as an organic component in the recycling process by thermal pretreatment and waste heat is reused in the process.
"This innovation meets the food and packaging industry's requirements for high-quality, lower CO2 footprint material," said Alexander Kuzan, Vice President of Can for Novelis Europe. "Together with our customers, we are creating better, more sustainable products and efficient manufacturing processes. Using high levels of recycled aluminium in our products helps reduce the consumption of natural resources, strengthen the circular economy and limit climate change."
Novelis annually recycles approximately 80 billion used beverage cans worldwide. In Nachterstedt, Saxony-Anhalt, Novelis operates one of the world's largest, most technologically advanced aluminium recycling centers. At the facility, up to 400,000 tons of aluminium scrap is shredded, sorted, thermally decoated, melted, cast and returned to the infinite production cycle each year.
Together, with its partners along the value chain, Novelis is developing innovative, low-carbon aluminium solutions and creating closed-loop recycling systems for production and end-of-life scrap.
Learn more about laminated aluminium for can ends: https://www.novelis.com/can-innovations/
Novelis Inc. is driven by its purpose of shaping a sustainable world together. We are a global leader in the production of innovative aluminium products and solutions and the world's largest recycler of aluminium. Our ambition is to be the leading provider of low-carbon, sustainable aluminium solutions and to achieve a fully circular economy by partnering with our suppliers, as well as our customers in the aerospace, automotive, beverage can and specialties industries throughout North America, Europe, Asia and South America. Novelis had net sales of $17.1 billion in fiscal year 2022. Novelis is a subsidiary of Hindalco Industries Limited, an industry leader in aluminium and copper, and the metals flagship company of the Aditya Birla Group, a multinational conglomerate based in Mumbai. For more information, visit novelis.com.
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SOURCE Novelis Inc. | https://www.wibw.com/prnewswire/2022/09/09/novelis-develops-new-laminated-aluminium-surfaces-beverage-can-ends/ | 2022-09-09T13:01:42Z |
Widespread ice losses from Greenland have locked in nearly a foot of global sea level rise that's set to come in the near future -- and new research suggests there is no way to stop it, even if the world stopped releasing planet-heating emissions today.
The study, published Monday in the journal Nature Climate Change, found that the overall ice loss from Greenland's ice sheet will trigger at least 10 inches of sea level rise, no matter the climate warming scenarios. That's generally the same amount that global seas have already risen over the last century from Greenland, Antarctica and thermal expansion (when ocean water expands as it warms) combined.
Researchers from the Geological Survey of Denmark and Greenland observed changes in ice-sheet volume in and around Greenland and saw that meltwater runoff has been the primary driver. Using "well-established theory," the scientists were able to determine that around 3.3% of the Greenland ice sheet -- equivalent to 110 trillion tons of ice -- will inevitably melt as the ice sheet reacts to the changes that have already occurred.
The sea level rise from this melted ice will occur "regardless of any foreseeable future climate pathway this century," according to lead author Jason Box, a scientist with the Geological Survey of Denmark and Greenland. "This water is technically already under the bridge."
While the authors did not specify a timeline, they predict that the change in sea levels can occur between now and the end of the century.
The research was solely to estimate a minimum, or "a very conservative lower bound," of sea level rise from melting in Greenland, "and in the virtually-certain event that climate continues warming, the sea level commitment only grows," Box said.
Massive ice sheets can melt rapidly when the air temperature is warm, but warmer ocean water is also eroding the sheet around the edges.
The findings come on the heels of a 2022 sea-level rise report released last year by the National Oceanic and Atmospheric Administration, which found that US coasts could expect 10 to 12 inches of sea level rise in the next 30 years. This will cause high tide floods to occur more than 10 times as frequently, and allow storm surges to spread further inland, according to the report.
Greenland holds enough ice that if it all melted, it could lift sea levels by roughly 25 feet around the world. Researchers point out that a sea level rise of 20 feet doesn't mean it will rise evenly around the globe, leaving some places devastated as the sea level falls in others.
As places such as Greenland lose ice, for example, they also lose the ice's gravitational pull on water, meaning Greenland's sea level is falling as the level rises elsewhere, said William Colgan, senior researcher at the Geological Survey of Denmark and Greenland. The rate of that change is the problem, Colgan told CNN's Bill Weir during a research trip in the summer of 2021.
"It'll be really hard to adapt to change that fast," Colgan said, standing at Greenland's Jakobshavn Glacier, where the fjord is full of ice that has broken off from the glacier.
Before human-caused climate change kicked in, temperatures near 32 degrees Fahrenheit in Greenland were unheard of. But since the 1980s, the region has warmed by around 1.5 degrees per decade -- four times faster than the global pace -- making it all the more likely that temperatures will cross the melting threshold.
Several days of unusually warm weather in northern Greenland recently triggered rapid melting, with temperatures around 60 degrees -- 10 degrees warmer than normal for this time of year, scientists told CNN.
The amount of ice that melted in Greenland between July 15 and 17 alone -- 6 billion tons of water per day -- would be enough to fill 7.2 million Olympic-sized swimming pools, according to data from the US National Snow and Ice Data Center.
Global scientists have said the trends at which climate change is accelerating are quite clear, and that unless emissions are curbed immediately, many more extreme melting events will continue to occur more intensely and frequently.
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accounts, the history behind an article. | https://www.albanyherald.com/news/greenland-ice-losses-set-to-raise-global-sea-levels-by-nearly-a-foot-new-research/article_061f8a61-5f08-582e-bbc1-a90295ab847d.html | 2022-08-29T23:31:27Z |
Torrence takes No. 1 spot in Top Fuel in Baytown NHRA finale
BAYTOWN, Texas (AP) — Steve Torrence took the No. 1 spot in Top Fuel qualifying Saturday at the final NHRA SpringNationals, moving past Brittany Force at Houston Raceway Park. The track that hosted its first national event in 1988 is closing after the event to make room for Katoen Natie’s expanding port facility. Torrence had a 3.693-second run at 323.66 mph for his first No. 1 of the season and 32nd overall. The Texan has won the last four season titles. Ron Capps topped the Funny Car field, Camrie Caruso was the fastest in Pro Stock, and Karen Stoffer led the Pro Stock Motorcycle ladder. | https://localnews8.com/sports/ap-national-sports/2022/04/23/torrence-takes-no-1-spot-in-top-fuel-in-baytown-nhra-finale/ | 2022-04-24T03:19:35Z |
NEW YORK, Aug. 8, 2022 /PRNewswire/ -- Mark Clermont, a visionary leader in digital point-of-care decision support and the Chief Executive Officer of Cecelia Health, has joined the Advisory Board of AvoMD, a company empowering clinicians with point-of-care, decision-making software and evidence-based medicine. Mark brings nearly 30 years of knowledge and experience in building and scaling successful healthcare businesses and technology companies, with experience in population health, value-based care, digital therapeutics, and clinical decision support.
Mark joins AvoMD as the company accelerates its efforts to bring expert, society-based guidelines to the bedside. With AvoMD's no-code content management system, clinicians and hospitals can quickly and collaboratively customize this guidance to fit their own local needs and workflows. Recent partnerships with leading medical societies, such as the American Academy of Family Physicians, Kidney Disease Improving Global Outcomes, and the Society of Cardiovascular Computed Tomography, underscore these efforts. A free version of AvoMD can be accessed via web browser, mobile app, and the electronic health record.
AvoMD Cofounder and CEO, Dr. Yair Saperstein, commented: "Mark's decision to join our Advisory Board marks a new chapter for AvoMD. His guidance, based on vast experience in scaling healthcare companies – including a category-defining organization – will propel our company forward as a new leader in decision support."
Mark has a proven track record in global growth, operational scaling, integration and transformation across multiple sectors and industries, including leadership positions at several healthcare companies. He played an instrumental role in transforming digital care delivery as the chief financial officer of Lumeon and served as the President of Provant Health, now a part of Quest Diagnostics.
Mark also served as chief financial officer of UpToDate, a company widely-credited with defining clinical decision support. At UpToDate, he led corporate and financial operations of the company, scaling the business until its successful sale to Wolters Kluwer. Post-acquisition, Mark served as the CFO and Vice President of Finance of Wolters Kluwer Health. In addition to his healthcare experience, Mark has held senior leadership positions at Mercer and BNY Mellon.
"AvoMD is aligned with my belief that technology has the potential to improve the healthcare experience for patients, providers, health systems, and beyond," said Mark Clermont. "I am honored to join the Advisory Board and guide AvoMD toward greater adoption of their transformative platform that delivers clinical excellence in an instant."
AvoMD is a no-code software platform that transforms clinical content – guidelines, algorithms, pathways, and checklists - into "virtual clinical consults" available instantly at the point-of-care on standalone web/mobile apps and in the EHR. Leading societies and health systems partner with AvoMD to transform authoritative clinical expertise into instant expert guidance at the bedside. Studies show that AvoMD improves outcomes, saves costs, and saves clinicians ~50% of their time in accessing and using information at the point-of-care.
Learn more here: www.avomd.com
Email us here: info@avomd.io
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SOURCE AvoMD | https://www.wibw.com/prnewswire/2022/08/08/avomd-strengthens-its-advisory-board-with-appointment-mark-clermont-ceo-cecelia-health-former-cfo-uptodate-wolters-kluwer-health/ | 2022-08-08T16:51:43Z |
RALEIGH, N.C., Aug. 23, 2022 /PRNewswire/ -- For the second time, MAKO Medical Laboratories, a full-service reference laboratory and national leader in COVID-19 testing, has been ranked among Inc. 5000's fastest growing privately held companies in the nation.
"At MAKO, we are glad to provide the communities we serve with a full suite of medical testing services, including for COVID-19 and Monkeypox, but we wouldn't be able to provide those services without our dedicated team members," said Josh Arant, Chief Operating Officer, MAKO Medical. "We are honored to receive this recognition by Inc. 5000 and look forward to continuing our strong growth."
Founded in 2014, MAKO Medical is a College of American Pathologists (CAP) accredited laboratory that operates more than 85,000 square feet of laboratory space across three laboratory facilities along the East Coast of the United States. In total, MAKO has capacity to process over 200,000 tests per day.
Since April 2020, MAKO Medical has processed more than 13 million COVID-19 tests utilizing RT-PCR technology and industry-leading testing assays, including the Applied Biosystems TaqPath COVID-19 Combo Assay. The MAKO team also partnered with the CDC to provide next-generation sequencing of SARS-CoV-2 during the height of the pandemic.
MAKO is setting the standard on serving as a diagnostics partner for health care providers, including physicians, hospitals, urgent cares, businesses, and governments across the United States. The MAKO Way delivers turnkey lab services with precision and accuracy.
- August 2022, Inc. Magazine recognized MAKO Medical as one of America's Fastest Growing Private Companies.
- March 2022, Forbes recognized MAKO Medical as one of America's Best Startup Employers.
- May 2021, the Triangle Business Journal recognized MAKO Medical with a 2021 Life Sciences Award.
- August 2020, MAKO Medical announced the company scored 100% on CAP COVID Proficiency Testing, demonstrating MAKO's commitment to quality lab results.
- Committed to the U.S. Military—At MAKO's founding, leaders carved out divisions of the company to hire U.S. military veterans. These teams are foundational to MAKO's elite and high-touch client services model. In November 2021, MAKO held its second annual Veterans Day lunch to honor veterans, handing out more than 400 free meals Vance County veterans and their family members.
Founded in 2014, MAKO Medical is a diagnostics partner for businesses, physicians, urgent care facilities, and hospitals around the United States. MAKO Medical has recruited chemists and scientists to provide industry-leading innovation. MAKO Medical Laboratories' methods and assays are validated for reproducibility, precision, and accuracy. MAKO Medical invests heavily in state-of-the-art instrumentation and technology. To learn more, visit makomedical.com.
MEDIA CONTACT
Mary Cullen
(630) 272-5691
mary@npstrategy.com
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SOURCE MAKO Medical | https://www.mysuncoast.com/prnewswire/2022/08/23/mako-medical-ranked-top-growing-company-by-inc-5000/ | 2022-08-23T13:14:16Z |
High gas and food prices push consumers to cut spending elsewhere
(CNN) – The high cost of gas and food is forcing many Americans to cut spending on other items, and it suggests a slowdown in the economy’s main driving force.
The monthly government reading on retail sales showed a drop of .3% in May compared to April.
Gas station spending rose 4% in May compared with the month before and was up more than 43% from a year ago.
Meanwhile, spending at grocery stores – where prices are also higher – rose 1.2% compared with April and was up nearly 9% from a year ago.
A strong job market and rising wages have kept consumer spending at a strong pace in recent months.
The shift to higher spending at gas stations and grocery stores, however, is alarming for the U.S. economy.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.kxii.com/2022/06/15/high-gas-food-prices-push-consumers-cut-spending-elsewhere/ | 2022-06-15T19:14:27Z |
Including over 90 stops nationwide, the manufacturer will showcase a wide range of products, highlight tool durability and feature new items
LEBANON, Ind., July 11, 2022 /PRNewswire/ -- Festool, a leading manufacturer of innovative, precision-engineered and durable power tool solutions, is showcasing its product lineup this fall with Festool Experience – a series of live demonstrations taking place from coast-to-coast . The in-person experience will focus on Festool's product lineup of cutting, joining and finishing tools – including its newest products.
"There is a huge desire from our consumers to return to live events and see our products in action," said Michael Burch, vice president of sales, Festool. "What better way to give consumers what they want than to bring our tools right to customers across the country?"
Festool representatives will be performing live demonstrations to showcase how its products are Built Better to Build Better, while highlighting product durability and versatility. The Festool Experience will also allow attendees to get hands-on experience with the tools.
In addition to presenting a selection of Festool products to cities across the country, each event will feature a TOPROCK Bluetooth® speaker giveaway. It combines all the advantages of the Festool Systainer storage system in perfect harmony with four hi-fi speakers built into the lid. Company-branded swag will also be available at all events as will refreshments, limited in quantity to the first attendees.
Events will be taking place in more than 90 Festool-licensed dealers across the country. A full list of dealers and their respective Festool Experience dates can be found at festoolusa.com/experience.
Festool USA is based in Lebanon, Indiana. For more information, visit http://www.festoolusa.com or http://www.festoolcanada.com.
About Festool
Festool has been developing innovative, precision-engineered and durable power tool solutions for nearly a century. Founded in Germany in 1925, Festool is a leading manufacturer known for its systems-based approach to power tools that are designed for efficiency and high performance. Festool's mission, "Built Better To Build Better," focuses on creating products that empower professional tradespeople to elevate their skills and deliver outstanding work by helping them build cleaner, faster, smarter…better.
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SOURCE Festool USA | https://www.kxii.com/prnewswire/2022/07/11/festool-hits-road-premium-power-tool-manufacturer-launches-festool-experience-tour-across-us/ | 2022-07-11T16:53:11Z |
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