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NEW YORK, Aug. 15, 2022 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Tuya Inc. (NYSE: TUYA) pursuant and/or traceable to the registration statement and related prospectus (collectively, the "Registration Statement") issued in connection with Tuya's March 2021 initial public offering (the "IPO"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 11, 2022.
SO WHAT: If you purchased Tuya securities pursuant and/or traceable to the Registration Statement 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 Tuya class action, go to https://rosenlegal.com/submit-form/?case_id=7007 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 October 11, 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. 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, the IPO Registration Statement featured false and/or misleading statements and/or failed to disclose that: (1) a material portion of Tuya's China-based customers were engaged in the widespread and systematic manipulation of reviews and product offerings in violation of Amazon.com's terms of use; (2) prior to the IPO, a consumer investigation and data breach had exposed an illicit fake review scheme being perpetrated by many of Tuya's clients, among others, which included, among other things, the exposure of 13 million records of organized fake review scams linked to over 200,000 Amazon account profiles; (3) as a result, there was a substantial risk that a material portion of Tuya's significant customers would be barred from using Amazon.com's platform, negatively impacting Tuya's business, revenue, earnings, and prospects; and (4) as such, the IPO's Registration Statement's representations regarding Tuya's historical financial and operational metrics and purported market opportunities and expected growth did not accurately reflect the actual business, operations, financial results, and trajectory of Tuya at the time of the IPO. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Tuya class action, go to https://rosenlegal.com/submit-form/?case_id=7007 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.wibw.com/prnewswire/2022/08/16/rosen-top-ranked-firm-encourages-tuya-inc-investors-with-losses-over-100k-secure-counsel-before-important-deadline-securities-class-action-tuya/ | 2022-08-16T02:29:34Z |
Go ahead and bake your cakes worry-free: Loud noises don’t make cakes go flat
If you’ve been tip-toeing around your kitchen, being extra careful not to make noise while baking a cake, you aren’t alone. Many people are scared to make sudden loud noises when a cake is in the oven for fear the cake will turn out as flat as a pancake. We wanted to know if there was any truth to this belief, so we asked our baking expert for her advice.
Cordon-Bleu-trained pastry chef Andrea Boudewijn said loud noises don’t ruin baking cakes and provided useful information about what really causes a cake that doesn’t rise or goes flat while in the oven.
Should you be quiet while baking a cake?
We asked Boudewijn to weigh in on this common baking belief and whether or not it’s a myth.
“Yes, it’s a myth! Sound itself can’t make a baking cake fall unless it’s loud enough to cause a prolonged vibration near the cake. Slamming the oven door can create an air impact inside the oven which, if slammed hard enough, can cause a problem, but generally a cake’s sturdiness comes from the ingredients inside it and the method by which it was mixed,” she explained.
What is the source of the myth of the effect of loud noises and cake baking?
The myth that loud noises prevent a baking cake from rising or cause it to fall has been around for generations. Shouting, slamming doors and feet stomping are some of the noises that concern many home bakers anxiously awaiting a baking cake.
Those who suspected this was a myth have speculated that it’s possibly an old wives tale or a way to keep kids quiet while parents were busy baking in the kitchen. However, Boudewijn noted a possible source of the myth.
“I was told that it came from souffle-makers in France. A souffle is a very delicate pastry that requires gentle heat and a perfect batter to significantly rise and puff up,” she explained. “If you close an oven door too fast it can drop the souffle in a second, and the problem was probably attributed to the sound of the oven door closing rather than the interior impact of closing it.”
What will cause a cake to go flat while it’s baking?
While loud sounds won’t cause flat cakes, there are reasons for this unfortunate outcome. Ingredients or mixing methods are typically to blame, Boudewijn said. She detailed the specifics of various causes:
- The dry ingredients make up too little of the batter, so it can’t support the weight of the liquid.
- If the wrong chemical leavening is used, the cake almost remains in a liquid state no matter how you bake it.
- If a carbonated liquid is used, like champagne or stout, over-mixing the batter can “fizz up” the liquid in the batter. When it’s put in the oven the fizz dissipates inside the batter and causes the center to cave in.
- Also, if you use the whisk attachment and whip the batter instead of using the paddle to blend it gently, it can incorporate air creating a collapsible batter. To reduce air bubbles in a batter, use the paddle on low for a minute or two before pouring it into the pan, then gently bang the pans once or twice on the countertop to release any large air bubbles.
What can home bakers do to prevent their cakes from going flat?
Boudewijn provided a few tips for excellent results from your favorite cake recipes.
1. Be gentle with your batter. Don’t whip or over-blend it at high speed.
2. Leave the oven door closed! Don’t be tempted to open the oven door during baking. Heat escapes and can cause an uneven bake.
3. Double-check your measurements and that you’ve added everything correctly. If the batter tastes good, the resulting cake tastes good.
Best items for successful cake baking
Now that you know you can relax during the cake baking process and not worry about noises in the kitchen, you can focus on what you need to prepare delicious cakes. Here are Boudewijn’s favorite items that will come in handy whenever you bake a cake.
KitchenAid Artisan Series 5-Quart Stand Mixer
The Artisan Series stand mixer by KitchenAid is a go-to favorite among home bakers. This model is one of the most popular options by the brand thanks to its stainless steel 5-quart mixing bowl, multiple speed settings, a reliable motor and versatile attachments.
Sold by Macy’s, Amazon, Kohl’s, Home Depot, Wayfair and Sur la table
Pyrex 3-Piece Glass Measuring Cup Set
Measuring cups are on Boudewijn’s list of cake-baking essentials. This set is our favorite, thanks to the classic tempered glass construction, useful handles and spouts and clear measurement markings. A 1-cup, 2-cup and 4-cup size are included. Sold by Amazon
HOMEARRAY Stainless Steel Mixing Bowl Set
Boudewijn said that metal bowls are her preferred choice for mixing cake ingredients. This six-piece set is crafted of stainless steel with wide rims that are easy to hold when mixing ingredients. They are also dishwasher-safe. Sold by Amazon
AmazonCommercial Non-Stick Silicone Spatula Set
You’ll need utensils to stir your cake ingredients, and our baking expert swears by silicone spatulas. This four-piece set includes two practical sizes. Each spatula has a grippy handle and is made of flexible silicone that resists high cooking temperatures and won’t scratch bowls or bakeware. Sold by Amazon
USA Pan Bakeware Square Cake Pan
This 8-inch pan is likely to be the one you reach for every time you bake a cake. In addition to the practical size, the aluminized stainless steel construction is durable, resists sticking and is simple to clean. Boudewijn recommended keeping two on hand for cake-baking. Sold by Amazon, Sur la table and Macy’s
OXO Good Grips 7-Piece Plastic Measuring Spoons
Both affordable and practical, this set of measuring spoons are color-coded so you can easily find the size you need. It includes ⅛ teaspoon to 1 tablespoon plus a scraper. Sold by Amazon
Ozeri Touch Professional Digital Kitchen Scale
A kitchen scale will come in handy when measuring ingredients for perfect cakes. This model has a vivid display that’s easy to read and a streamlined design that doesn’t take up a lot of storage space. Sold by Amazon and Home Depot
Cuisinart Chef’s Classic 4-Quart Nonstick Hard Anodized Sauce Pan
A 4-quart saucepan is ideal for preparing various recipes for cake-baking. Cuisinart’s hard anodized model is suitable for high cooking temperatures and resists stuck-on food. Sold by Amazon
Cuisinart Mini Prep Plus Food Processor
Compact yet capable, a small food processor is all you need to prepare ingredients for cake mixtures and toppings. Simple controls, a powerful motor and dishwasher-safe parts are key selling points of the Mini Prep model. Sold by Macy’s and Amazon
Webcake Cake Spatula, Set of 2
Long, thin spatulas like this pair are essential for avid cake makers. The blades are made of stainless steel that resists corrosion and holds up well to repeated use. Sold by Amazon
Ateco Wunderbag Decorating Bag
Creating beautifully decorated cakes is easy with a pastry bag. This one isn’t prone to leakage, so you can use it repeatedly to produce outstanding results. Sold by Amazon
Humbee Chef Serrated Cake Knife
When it’s time to serve your cake, a serrated knife is ideal for cutting even slices. The 10-inch blade on this one is made for slicing through all types of cakes with ease. Sold by Amazon
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/kitchen-br/bakeware-baking-tools-br/some-think-you-have-to-be-very-quiet-while-a-cake-is-baking-our-baking-expert-weighs-in/ | 2022-08-01T23:24:02Z |
- Uncertainty around inflation and asset valuations has slowed deal pipelines, and data already shows a drop in exit and fund-raising activity in the first half of the 2022
- Record $3.6 trillion in dry powder leaves PE sector in good stead to weather a downturn and history shows deals done coming out of recession are among the best-performing
- Resilience of the PE industry set to maintain its standing as best-performing asset class across market conditions, says Bain & Company's Hugh MacArthur, global PE practice leader
LONDON, July 19, 2022 /PRNewswire/ -- We appear to be nearing the end of the business cycle. While a range of factors could yet still shift the outlook, the global private equity industry is already slowing in the face of inflation and rising recession risks. But the sector is well positioned to weather the storm and emerge even stronger, Bain & Company's latest mid-year analysis of the PE market concludes.
"The takeaway here is that PE funds will need to manage proactively to anticipate change and get ahead of it. That will be critical in weathering this period of turbulence and taking full advantage of the recovery to come," said Hugh MacArthur, global Private Equity practice leader at Bain & Company.
He added: "Data shows the industry has relied disproportionately on expanding valuation multiples to support returns over the past two decades, but that won't work in a period of inflation. Top-tier performance moving forward will depend on nuts-and-bolts value creation and a clear understanding of how to manage effectively during a period of rising prices."
The cyclical nature of the private equity sector means that weakening economic conditions across major economies will challenge dealmakers, despite the first half of 2022 being on pace to produce the second highest annual buy-out deal value after a record 2021, Bain's Midyear Global PE Market Update warns. The first half of 2022 alone registered $512 billion in buyout deal value, and an average deal size close to $1 billion in that period.
The slowdown that Bain anticipates in deal flow and values is already emerging, it finds, with deal pipelines softening, especially in the high-valuation technology sector. Debt is becoming more expensive and Bain notes that banks are also increasingly pressing questions regarding companies' exposure to inflation and rising rates, making it more difficult to close transactions.
Public market woes have already seen an impact on deal exits as the market for IPOs has largely dried up, Bain's analysis notes. Global buyout backed exit value hit $338 billion in the first half of 2022, down some 37% on the same period a year earlier.
Meanwhile, global IPO value, including both buyout-backed and others, at $91 billion was 73% down versus the first half of 2021. Bain & Company expects that as the present economic turbulence grinds on, these slowdown trends will likely extend to deal exits across the board.
Bain's report identifies a series of knock-on consequences with PE hold periods set to extend, while at the same time the secondaries market is poised for more growth as investors look for alternate ways to generate liquidity, and fund-raising, already sharply lower, is set to decline further in the short-term. Buy-out fund-raising dropped from $284 billion to $138 billion, comparing the first half of 2021 to the same period in 2022.
Despite these short-term challenges, Bain's report concludes that ample "dry powder" puts the PE sector in good stead to weather the present downturn. Many GPs have recently raised funds, it notes, and global dry powder continued to rise in the first half of 2022, now standing at a record high of $3.6 trillion. PE funds are positioned for a strong rebound. Looking back at a 25-year history of the industry, post-downturn market conditions have generated superior returns for investors.
Hugh MacArthur added: "Looking over the long history, Private equity has proven to be resilient to economic downturns. It is a cyclical business and we expect to see some short-term challenges. However, over the long-term, we still believe that PE will continue to grow— and that it will remain the best performing asset class across market conditions."
Media contacts
For any questions or to arrange an interview, please contact:
Dan Pinkney (Boston) — Email: dan.pinkney@bain.com
Gary Duncan (London) — Email: gary.duncan@bain.com
Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future.
Across 65 cities in 40 countries, we work alongside our clients as one team with a shared ambition to achieve extraordinary results, outperform the competition, and redefine industries. We complement our tailored, integrated expertise with a vibrant ecosystem of digital innovators to deliver better, faster, and more enduring outcomes. Our 10-year commitment to invest more than $1 billion in pro bono services brings our talent, expertise, and insight to organizations tackling today's urgent challenges in education, racial equity, social justice, economic development, and the environment. We earned a gold rating from EcoVadis, the leading platform for environmental, social, and ethical performance ratings for global supply chains, putting us in the top 2% of all companies. Since our founding in 1973, we have measured our success by the success of our clients, and we proudly maintain the highest level of client advocacy in the industry.
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SOURCE Bain & Company | https://www.wibw.com/prnewswire/2022/07/19/global-private-equitys-record-breaking-performance-set-collide-with-economic-turbulence-business-cycle-nears-its-end-bain-amp-company-mid-year-private-equity-pe-market-update/ | 2022-07-19T16:42:58Z |
NEW YORK, May 13, 2022 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Lilium N.V. f/k/a Qell Acquisition Corp. (NASDAQ: LILM).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/lilium-n-v-f-k-a-qell-acquisition-corp-loss-submission-form/?id=27159&from=4
The lawsuit seeks to recover losses for shareholders who purchased Lilium N.V. f/k/a Qell Acquisition Corp. between March 30, 2021 and March 14, 2022.
Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until June 17, 2022 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
According to a filed complaint, Lilium N.V. f/k/a Qell Acquisition Corp. issued materially false and/or misleading statements and/or failed to disclose that: (1) Lilium materially overstates the design and capabilities of the Lilium Jet, an electric vertical take-off-and-landing aircraft for use in a new type of high-speed air transport system for people and goods; (2) Lilium materially overstates the likelihood for the Lilium Jet's timely certification; (3) Lilium misrepresents its ability to obtain or create the necessary batteries for the Lilium Jet; (4) the special purpose acquisition company merger would not and did not generate enough cash to commercially launch the Lilium Jet; (5) Qell Acquisition Corp. did not engage in proper due diligence regarding its merger with Lilium GmbH; and (6) as a result, Defendants' public statements and statements to journalists were materially false and/or misleading at all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law | https://www.mysuncoast.com/prnewswire/2022/05/13/lilm-shareholder-alert-jakubowitz-law-reminds-lilium-nv-fka-qell-acquisition-corp-shareholders-lead-plaintiff-deadline-june-17-2022/ | 2022-05-13T11:48:30Z |
FORT MCDOWELL, Ariz., Sept. 8, 2022 /PRNewswire/ -- Today, the We-Ko-Pa Casino Resort is proud to introduce the award-winning property's new Sportsbook powered by Betfred, featuring state-of-the-art 4K video walls and displays, a cashier stand with four wagering terminals, and strategically located betting kiosks designed to appeal to sports betting enthusiasts throughout Arizona.
"We took our time in creating our new Sportsbook because we wanted to learn from those that came before us, maximize existing resources, and leverage the latest electronic advancements so we could take our facility to the next level of gaming excellence," explained Kirk Brumbaugh, Table Games Director for the We-Ko-Pa Casino Resort.
Powered by Betfred Sportsbook (with whom the We-Ko-Pa Casino has partnered since August 2021 to bring sports betting to Arizona residents), the new Sportsbook boasts a massive Planar 4K direct view LED video wall (47' wide by 9' tall) that can show three separate games side-by-side, with each screen measuring 18'4' diagonally. Each screen can be further split into four separate 9.2' diagonal sections, allowing up to 12 separate games to be seen simultaneously.
"We're excited to increase our presence in Arizona in partnership with the We-Ko-Pa Casino Resort and WKP Sportsbook," stated Bryan Bennett, Chief Operating Officer of Betfred USA Sports. "As a team, we set out early to create one of the best game-watching and betting experiences in the state, and we're confident we've accomplished that goal."
Opening just in time for football season, the new Sportsbook is connected to WKP Sports & Entertainment, a full-service sports bar that offers a variety of innovative appetizers, wings, burgers, sandwiches, pizza, salads and entrees along with more than 45 draft beers, signature cocktails, their proprietary Party Punch, beer cocktails, wine, premium spirits and adult milkshakes. Beverage service will be available during the Sportsbook hours of operation.
The new Sportsbook is open seven days a week from 10 am on weekdays (9 am on Saturday and Sunday) until closing. For more information about the We-Ko-Pa Casino's new Sportsbook, visit www.wekopacasinoresort.com.
Owned and operated by the Fort McDowell Yavapai Nation, the spectacular 166,341-square-foot We-Ko-Pa Casino Resort boasts state-of-the-art gaming, a variety of specialty fine and casual dining restaurants, and live entertainment. The attached AAA Four Diamond hotel offers 246 luxurious guestrooms and suites; 25,000 square feet of meeting space; and two resort-style outdoor pools.
The casino resort's proximity to the two highly acclaimed courses at We-Ko-Pa Golf Club and numerous outdoor activities at Fort McDowell Adventures make it the ideal destination for a vacation, business function or special event.
Betfred USA Sports is the wholly owned US subsidiary of Betfred Group, a Warrington, United Kingdom-based bookmaker that owns and operates over 1400 betting shops in the UK as well as industry leading online and mobile products in the UK and Spain. Betfred Group created Las Vegas-based Betfred USA Sports in 2019 specifically to enter the robust and ever-expanding US sports betting market. Betfred USA Sports, a proud sportsbook sponsor of the Denver Broncos, Cincinnati Bengals and Colorado Rockies, is currently a licensed operator in Arizona, Iowa, Pennsylvania, Louisiana, Washington and Colorado, with Ohio, Nevada, Maryland and Virginia pending regulatory approval.
Gail Manginelli
GM & Associates
480-250-8236
gail@gmandassociatespr.com
Bryan Bennett
Betfred USA Sports
702-410-9900
bryan.bennett@betfred.com
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SOURCE Betfred USA Sports | https://www.kxii.com/prnewswire/2022/09/08/we-ko-pa-casino-resort-launches-state-of-the-art-sportsbook-partnership-with-betfred/ | 2022-09-08T16:51:53Z |
2022 Quarterly State of the Market Report for PJM: January through March
EAGLEVILLE, Pa., May 12, 2022 /PRNewswire/ -- PJM Interconnection's wholesale electric energy market produced competitive results during the first three months of 2022, according to the 2022 Quarterly State of the Market Report for PJM: January through March released today by Monitoring Analytics, LLC, the Independent Market Monitor for PJM.
The Independent Market Monitor, Joseph Bowring, announced findings of the report today. The report is the Independent Market Monitor's assessment of the competitiveness of the wholesale electricity markets managed by PJM in 13 states and the District of Columbia. The report includes analysis of market structure, participant behavior and market performance for each of the PJM markets.
"Our analysis concludes that the results of the PJM Energy Market were competitive in the first three months of 2022," Bowring said.
Energy prices increased in the first three months of 2022 from the first three months of 2021. The real-time load-weighted average LMP in the first three months of 2022 increased 75.5 percent from the first three months of 2021, from $30.84 per MWh to $54.13 per MWh, $23.29 per MWh. This was the highest first quarter price since the polar vortex in the first quarter of 2014. This was the third highest increase in first quarter LMP since the creation of PJM markets in 1999. The highest increase occurred in 2014 as a result of the polar vortex in the first quarter, and the second highest occurred in 2003 when winter load increased and natural gas prices doubled to above $8.00 per Dth in the first quarter. Of the $23.29 per MWh increase, 49.0 percent was a direct result of higher fuel and emission costs, particularly higher natural gas prices. The real-time hourly average load in the first three months of 2022, increased by 2.4 percent from the first three months of 2021, from 89,887 MWh to 92,007 MWh.
The total price of wholesale power increased from $53.30 per MWh in the first three months of 2021 to $80.28 per MWh in the first three months of 2022, an increase of 50.6 percent. Energy, capacity and transmission charges are the three largest components of the total price of wholesale power, comprising 98.0 percent of the total price per MWh in the first three months of 2022. Starting in the third quarter of 2019, the cost of transmission per MWh of wholesale power has been higher than the cost of capacity.
Energy prices in PJM in the first three months of 2022 were set, on average, by units operating at, or close to, their short run marginal costs, although this was not always the case. This is evidence of generally competitive behavior and competitive market outcomes, although high markups for some marginal units did affect prices.
In the first three months of 2022, generation from coal units decreased 3.1 percent, and generation from natural gas units increased 6.9 percent compared to the first three months of 2021.
Net revenue is a key measure of overall market performance as well as a measure of the incentive to invest in generation to serve PJM markets. Theoretical net revenues from the energy market increased for all unit types in the first three months of 2022 compared to the first three months of 2021. Theoretical energy net revenues increased by 145 percent for a new combustion turbine, 94 percent for a new combined cycle, 54 percent for a new coal unit, and 75 percent for a new nuclear plant.
Total energy uplift charges decreased by $5.9 million, or 17.2 percent, in the first three months of 2022 compared to the first three months of 2021, from $34.3 million to $28.4 million.
When there are binding transmission constraints and locational energy price differences, customers pay more for energy than generation is paid to produce that energy. The difference is congestion. Congestion belongs to customers and should be returned to customers. Total congestion increased by $389.2 million or 321.5 percent, from $121.1 million in the first three months of 2021 to $510.3 million in the first three months of 2022. But only 31.9 percent of total congestion paid by customers for the first 10 months of the 2021/2022 planning period was returned to customers through the ARR and self-scheduled FTR revenues offset. The goal of the FTR market design should be to ensure that customers have the rights to 100 percent of the congestion that customers pay.
The Independent Market Monitor (also known as the Market Monitoring Unit or MMU) evaluates the operation of PJM's wholesale markets to identify ineffective market rules and tariff provisions, proposes improvements to market rules and tariff provisions when needed, monitors compliance with and implementation of the market rules, identifies potential anticompetitive behavior by market participants and provides comprehensive market analysis critical for informed policy and decision making. Joseph Bowring, the Market Monitor, ensures the independence and objectivity of the monitoring program.
For a copy of the State of the Market Report, visit Monitoring Analytics at: http://www.monitoringanalytics.com/reports/PJM_State_of_the_Market/2022.shtml.
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SOURCE Monitoring Analytics, LLC | https://www.mysuncoast.com/prnewswire/2022/05/12/market-monitor-finds-pjm-wholesale-electricity-markets-competitive/ | 2022-05-12T18:10:15Z |
Oath Keepers’ lawyer arrested in connection with Jan. 6
(AP) - A lawyer for the far-right Oath Keepers extremist group has been charged with conspiracy in connection with the Jan. 6, 2021, attack at the U.S. Capitol, authorities said Thursday.
Kellye SoRelle — general counsel for the antigovernment group — was arrested in Texas on charges including conspiracy to obstruct an official proceeding, the Justice Department said.
SoRelle is a close associate of Stewart Rhodes, the Oath Keepers’ leader who is heading to trial later this month alongside other extremists on seditious conspiracy charges.
Prosecutors say Rhodes and his militia group plotted for weeks to stop the lawful transfer of power. Prosecutors say the Oath Keepers purchased weapons and set up battle plans with the goal of keeping President Donald Trump in office.
SoRelle was present at an underground garage meeting the night before the riot that’s been a focus for investigators.
The meeting included Rhodes and and Enrique Tarrio, the former chairman of the Proud Boys extremist group, who is charged separately with seditious conspiracy alongside other members of the group that describes themselves as a politically incorrect men’s club for “Western chauvinists.”
Publicly released video of the meeting doesn’t reveal much about their discussion, and prosecutors have said only that one of the meeting’s participants “referenced the Capitol.”
SoRelle told The Associated Press last year that FBI agents seized her phone and provided her a search warrant that said it was related to an investigation into seditious conspiracy, among other crimes. The indictment against SoRelle made public Thursday does not include a charge of seditious conspiracy.
SoRelle told the AP at the time that she had no knowledge of or involvement in the Capitol breach, calling the seizure of her phone “unethical” and the investigation “a witch hunt.”
SoRelle is expected to make an initial appearance in federal court in Austin, Texas, later Thursday.
___
For full coverage of the Capitol riot, go to https://www.apnews.com/capitol-siege
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/09/01/oath-keepers-lawyer-arrested-connection-with-jan-6/ | 2022-09-01T16:00:52Z |
HUNTERSVILLE, N.C., Sept. 7, 2022 /PRNewswire/ -- American Tire Distributors ("ATD") today announced the completion of the sale of its Canadian subsidiary, National Tire Distributors ("NTD"), to Groupe Touchette Inc. ("Groupe Touchette").
With the sale of NTD now complete, ATD is moving forward as a more focused organization that is better positioned to serve its customers across the U.S. and invest in the enhanced innovation that is driving its transformation efforts. In addition, with the transaction complete, ATD will advance its goal of reducing emissions by increasing supply chain efficiency and providing technology-enabled connectivity and efficiency through its diverse line of products.
ATD will continue supporting NTD and Groupe Touchette through its new commercial relationship, under which ATD will supply the combined company with its proprietary Hercules and Ironman brand tires and make its advanced analytics software and productivity-enabling tools available to Groupe Touchette's network.
"With the completion of this transaction, we now have more resources, focus and flexibility to build on our momentum and accelerate our transformation," said Stuart Schuette, President and Chief Executive Officer of ATD. "We are driving our strategy forward, rolling out new tools and capabilities and delivering even more connected automotive solutions for the customers and manufacturers we serve. Across ATD, we are excited to continue leading the pace of change in our industry by providing even more connected and better products and services than ever before."
Mr. Schuette continued, "We look forward to continuing to support NTD and Groupe Touchette as their combined business grows in Canada. Through our collaboration, we will help pave the way in developing a cleaner tire industry of the future. We wish the NTD team the best as they officially embark on their next phase as part of Groupe Touchette. I also want to recognize the hard work and dedication of ATD's associates, who will continue to drive our success as we move forward."
Moelis & Company LLC served as financial advisor to ATD and Davies Ward Phillips & Vineberg LLP and Troutman Pepper Hamilton Sanders LLP served as its legal counsel.
About American Tire Distributors
American Tire Distributors is one of the largest independent suppliers of tires to the replacement tire market. It operates more than 115 distribution centers serving approximately 80,000 customers across the U.S. The company offers an unsurpassed breadth and depth of inventory, frequent delivery and value-added services to tire and automotive service customers. American Tire Distributors employs approximately 4,500 associates across its distribution center network. In 2022, the company was recognized as one of Forbes' 2022 America's Best Midsize Employers and a Most Loved Workplace by Newsweek.
Media Contacts
American Tire Distributors
Jessica Kessel
Vice President, Corporate Brand Affairs & Communications
jkessel@atd-us.com
704.516.1162
Aaron Palash / Jack Kelleher / Haley Salas
Joele Frank, Wilkinson Brimmer Katcher
212.355.4449
Claude Breton
Longview Communications & Public Affairs
514.220.1482
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SOURCE American Tire Distributors | https://www.mysuncoast.com/prnewswire/2022/09/07/american-tire-distributors-completes-sale-national-tire-distributors-groupe-touchette-inc/ | 2022-09-07T16:26:44Z |
HONG KONG, May 30, 2022 /PRNewswire/ -- Golden Meditech Stem Cells (BVI) Company Limited (the "Company"), would like to respond to the misleading Schedule 13D/A filed by Blue Ocean Structure Investment Company Ltd. ("Blue Ocean") on May 27, 2022.
Blue Ocean failed to mention in its Schedule 13D/A that there will be a further hearing before the Eastern Caribbean Supreme Court in the High Court of Justice of the Virgin Islands (the "Court") on June 16, 2022 with respect to the injunction order issued by the Court (the "Order"), which was granted on an ex parte basis (without hearing any argument from the Company), and the Company has the right to seek to vary the terms of the Order at that further hearing.
The Company will vigorously oppose Blue Ocean's claim for the continuation of the Order on a long term basis.
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SOURCE Golden Meditech Stem Cells (BVI) Company Limited | https://www.kxii.com/prnewswire/2022/05/30/golden-meditech-stem-cells-responds-blue-oceans-misleading-13da-filing/ | 2022-05-30T14:46:28Z |
Fourteen Colorado divorce and family law attorneys from The Harris Law Firm have been recognized in the 2023 edition of The Best Lawyers in America® and the Best Lawyers: Ones to Watch™.
DENVER, Aug. 18, 2022 /PRNewswire/ -- A total of fourteen attorneys from The Harris Law Firm were recognized in this year's edition of Best Lawyers, a premier legal guide that recognizes the nation's most respected attorneys.
The firm's selections included six attorneys named to The Best Lawyers in America and eight named to the Best Lawyers: Ones to Watch list, which features attorneys who've practiced for less than 10 years.
Attorneys named to Best Lawyers:
- Richard Harris (Recognized since 2018)
- Jennie Wray (Recognized since 2019)
- Richard Zuber (Recognized since 2012)
- Katherine Ellis (First year of selection)
- Barbara Johnson-Stern (First year of selection)
- Niceta Bradburn (First year of selection)
Attorneys named to Best Lawyers: Ones to Watch
- Hannah Van Roekel (Recognized since 2021)
- Jacob Allen (Recognized since 2022)
- Kelley Cleveland (Recognized since 2022)
- Jennifer Workman (Recognized since 2022)
- Hannah Cope (First year of selection)
- Dawn Gould (First year of selection)
- Patrick Stordahl (First year of selection)
- Kady Tran (First year of selection)
Best Lawyers recognizes top attorneys who have excelled in their practice while earning the respect and esteem of colleagues. Because the Best Lawyers methodology is based entirely on peer review, consumers and counsel in need of proven representation can feel confident about choosing attorneys who've been carefully vetted by their colleagues.
The Harris Law Firm is one of Colorado's largest family law firms. With a team of award-winning attorneys, the firm serves clients in matters involving divorce, family law, and estate planning from officers in Denver, Englewood, Evergreen, and Boulder. For more information, visit www.harrisfamilylaw.com.
Lisa Harris
lisa@harrisfamilylaw.com
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SOURCE The Harris Law Firm | https://www.wibw.com/prnewswire/2022/08/18/colorado-family-lawyers-harris-law-firm-named-2023-best-lawyers/ | 2022-08-18T15:37:24Z |
DENVER, Sept. 9, 2022 /PRNewswire/ -- The Colorado Contractors Association (CCA) launches the Civil Construction Academy, a no cost entry level construction training program for Colorado residents, with the first program starting October 10. This six-week program includes both online and in-person training in the nonbuilding construction sector that concludes with a Hiring Fair. The program's mission is to equip unemployed and underemployed Coloradoans with the basic construction skills needed to be hired into entry-level jobs with Colorado based construction firms.
Construction employment in Colorado by the end of 2021 was 3,000 jobs short from pre-pandemic levels while the need for construction workers has only risen, according to The Leeds School of Business 2022 Business Economic Outlook. The report goes on to state that construction has long been facing a "silver tsunami" where more baby boomers continue to retire with the next generation lagging behind to fill these job openings. In fact, 98% of Colorado construction firms report having difficulty filling positions per the 2022 Construction Outlook from the Associated General Contractors of America.
"It is no secret that the construction industry is still struggling to train and replace a new generation of the workforce. The Civil Construction Academy will support the construction industry's hiring efforts to expose more people to the opportunities available in construction," commented Tony Milo, Executive Director of CCA.
The Civil Construction Academy is being supported in whole or in part by federal award number SLFRF0126 awarded to the state of Colorado by the US Department of Treasury. This includes funding appropriated to the Colorado Workforce Development Council through HB21-1264. The first training program takes place in Centennial at the CCA's office, with additional programs scheduled throughout the State over the next year. The online instruction is based off the curriculum in the Core: Introduction to Basic Construction Skills courtesy of the National Center for Construction Education and Research (NCCER). The NCCER is a nationally recognized program that provides a standardization across numerous construction skilled trades and instruction.
Despite a looming recession that typically affects residential and building construction, nonbuilding construction in Colorado has experienced an increase in project funding as of late with the passage of Colorado's SB21-260 that provides $5.2 billion of funding over the next ten years for transportation projects, continuing to raise funds with inflation adjustments in perpetuity.
"In the wake of economic upheaval caused by the pandemic and growing uncertainty in the marketplace, investing in infrastructure can put our economy back on the road to recovery. Consider, that every $1 billion invested in nonresidential construction creates and sustains more than 28,000 jobs and another $1.1 billion in personal earnings," concluded Milo.
Training programs begin October 10 and will continue throughout 2023 throughout the State of Colorado. Interested individuals can register at coloradocontractors.org by clicking on "Civil Construction Academy" from the homepage.
About Colorado Contractors Association: The Colorado Contractors Association (CCA) is the leading professional association for infrastructure construction professionals across the State of Colorado, bringing infrastructure to life through the power of advocacy, education and training and partnerships. Founded in 1933, CCA has evolved into Colorado's leading unifying voice and champion for Colorado infrastructure, serving as an essential partner to over 400 member firms and owner agencies as well as an influential catalyst and thought leader in securing infrastructure investments, advancing innovative practices, growing the industry, protecting industry interests and advancing the future of quality infrastructure in our state. Follow us on Facebook, LinkedIn and Twitter.
About Civil Construction Academy: The Civil Construction Academy is a no cost, entry level construction training program hosted by the Colorado Contractors Association (CCA) through grant funding from the State of Colorado. Each six-week program includes both online and in-person training in the nonbuilding construction sector that concludes with a Hiring Fair. The program's mission is to equip unemployed and underemployed Coloradoans with the basic construction skills needed to be hired into entry-level jobs with Colorado based construction firms. Follow us on Facebook and TikTok (@civilconstructionacademy).
Contact:
Julie Wanzer, LEED AP
303-349-0179
julie@increasingmarketvalue.com
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SOURCE Civil Construction Academy | https://www.kxii.com/prnewswire/2022/09/09/civil-construction-academy-offers-no-cost-construction-training-colorado-residents/ | 2022-09-09T12:34:18Z |
A man who joined the pro-Trump mob that attacked the U.S. Capitol apologized Tuesday to officers who protected the building after telling lawmakers that he regrets being duped by the former president’s lies of election fraud.
During a hearing before the U.S. House committee that’s investigating the insurrection, Stephen Ayres testified that he felt called by former President Donald Trump to come to Washington on Jan. 6, 2021.
He described being swept up by Trump’s bogus claims, and believing as he marched to the Capitol that Trump would join them there and that there was still a chance the election could be overturned.
“I felt like I had like horse blinders on. I was locked in the whole time,” said Ayres, who is scheduled to be sentenced in September after pleading guilty to a misdemeanor in the riot.
His message to others: “Take the blinders off, make sure you step back and see what’s going on before it’s too late.”
“It changed my life,” he said. “And not for the good.”
Ayres, who was not accused of any violence or destruction on Jan. 6, said he worked for a cabinet company in northeast Ohio for 20 years, but lost his job and sold his home after the riot. He was joined by his wife at the hearing.
After the hearing, Ayres approached officers in the committee room who have testified about being verbally and physically attacked by the angry mob. Ayres apologized for his actions to Capitol Police Officers Aquilino Gonell and Harry Dunn, Metropolitan Police Officer Daniel Hodges and former MPD officer Michael Fanone.
The officers appeared to have different responses to Ayres’ attempt to make amends.
Fanone told The Associated Press that the apology was not necessary because “it doesn’t do s— for me.” Hodges said on CNN that he accepted the apology, adding that “you have to believe that there are people out there who can change.”
Gonell, who recently found out that the injuries he succumbed to on Jan. 6 won’t allow him to be a part of the force any longer, said he accepted the sentiment from Ayres, but it doesn’t amount to much.
“He still has to answer for what he did legally. And to his God. So it’s up to him,” the former sergeant said.
Dunn, who didn’t stand up when Ayres approached him, said he does not accept his apology.
The Jan. 6 House committee that’s investigating the insurrection sought to use Ayres’ testimony to show how Trump’s Dec. 19, 2020, tweet calling his supporters to Washington mobilized not only far-right extremist groups, but average Americans to descend on the nation’s capital.
Ayres described being a loyal follower of Trump on social media before Jan. 6 and said he felt he needed to heed the president’s call to come to Washington, D.C., for the “Stop the Steal” rally.
“I was very upset, as were most of his supporters,” Ayres said when asked about Trump’s unfounded election claims. Asked by Rep. Liz Cheney if he still believes the election was stolen, Ayres said, “Not so much now.”
Ayres said he wasn’t planning to storm the Capitol before Trump’s speech “got everybody riled up.” He had believed the president would be joining them at the Capitol.
“Basically, we were just following what he said,” Ayres said.
Ayres said he and friends who accompanied him to Washington decided to leave the Capitol when Trump sent a tweet asking rioters to leave. If Trump had done that earlier in the day, “maybe we wouldn’t be in this bad of a situation,” Ayres said.
Ayres said it makes him mad that Trump is still pushing his bogus claims about the election.
“I was hanging on every word he was saying,” he said. “Everything he was putting out, I was following it.”
His testimony echoed the words of many Capitol rioters who have expressed remorse for their crimes at sentencing hearings.
He’s among about 840 people who have been charged with federal crimes related to the Jan. 6 riot. More than 330 of them have pleaded guilty, mostly to misdemeanor charges punishable by no more than one year in prison. More than 200 have been sentenced.
In his court case, Ayres admitted that he drove from Ohio to Washington on the eve of the “Stop the Steal” rally to protest Congress’ certification of the Electoral College vote count. He entered the Capitol through the Senate Wing doors and remained inside for about 10 minutes, joining other rioters in chanting.
In a Facebook post four days before the riot, Ayres attached an image of a poster that said “the president is calling on us to come back to Washington on January 6th for a big protest.”
In another Facebook post before the riot, he wrote, “Mainstream media, social media, Democrat party, FISA courts, Chief Justice John Roberts, Joe Biden, Nancy Pelosi, etc….all have committed TREASON against a sitting U.S. president! !! All are now put on notice by ‘We The People!’” | https://cw33.com/news/nexstar-media-wire/jan-6-rioter-apologizes-to-officers-after-house-testimony/ | 2022-07-13T10:51:40Z |
Seasoned industry veteran brings unparalleled expertise to key leadership position
PLANO, Texas, July 14, 2022 /PRNewswire/ -- Aimbridge Hospitality, a leading global hospitality company, has welcomed hospitality industry veteran Allison Reid to the newly created role of Chief Global Growth Officer. Reid's addition to the Aimbridge leadership team represents a continued investment in securing top industry talent and driving growth through strategic development and operational expertise. Her experience and leadership will empower Aimbridge's business development teams to fuel the company's global pipeline.
"We welcome Allison to our executive leadership team in this crucial role leading our global growth pursuits," said Michael J. Deitemeyer, Aimbridge president & CEO. "As Aimbridge evolves it is an ideal time for Allison, a recognized executive with extensive experience, to lead our growth focus, and through our operating structure and expertise we have the acumen ready to immediately take over management and add value for owners across the full spectrum of hospitality verticals."
Reid brings more than 35 years of hospitality leadership experience to Aimbridge, most recently serving as Chief Development Officer at Kimpton Hotels & Restaurants. In that role, she drove the strategic growth direction of the organization and led all real estate development activities, including the sales and negotiation process for managed and franchise development, client relationships, and asset repositionings.
Prior to Kimpton, Reid served as Senior Vice President of North America Development at Starwood Hotels and Resorts Worldwide, where she led all development and acquisition efforts for all 11 brands in North America, the Caribbean, and French Polynesia. She began her career as an assistant controller with ITT Sheraton Corporation at the St. Regis in New York and went on to hold roles with the Sheraton Grand in Los Angeles, Interstate Hotels, and W Hotels Worldwide. Reid completed her undergraduate work at Bryant University, with a focus on Accounting, Finance and Hospitality, and postgraduate at Georgetown University where she received a Master of Professional Studies in Real Estate.
"This is an incredibly exciting time in our industry, with notable growth potential and emerging opportunities ahead," Reid said. "I look forward to building on Aimbridge's momentum working with a dynamic team of the industry's best talent on a global scale."
To learn more about Aimbridge Hospitality, visit aimbridgehospitality.com.
Aimbridge Hospitality is a leading, global hospitality company with a growing hotel portfolio representing more than 1,500 properties in 50 states and 23 countries, inclusive of pipeline. As a top hotel management company and trusted operator of over 80 lodging brands and distinctive luxury and lifestyle assets, Aimbridge leverages its scale and operational excellence to consistently deliver results for hotel owners and offer unparalleled opportunities for associates around the globe. Aimbridge adds value through focused, expertise-driven operating divisions in Full Service, Evolution Lifestyle, Enhanced Select Service, and Select Service, optimizing owners' investment returns and driving hotel market success. The Aimbridge EMEA Division has supporting offices across Europe in Amsterdam, Birmingham, and Glasgow. The Aimbridge LatAm Division has offices in Monterrey and Mexico City. Aimbridge Hospitality's global headquarters is based in Plano, Texas. To learn more, visit www.aimbridgehospitality.com. Connect with Aimbridge on LinkedIn.
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SOURCE Aimbridge Hospitality | https://www.kxii.com/prnewswire/2022/07/14/aimbridge-hospitality-names-allison-reid-chief-global-growth-officer/ | 2022-07-14T14:58:49Z |
Two years after becoming homeless due to a fire, Temple resident Veola Williams is now back on track to owning her own home thanks to a city program.
Williams is one of the first five residents chosen to participate in Temple’s new Homeowner Assistance and Reconstruction Program. The program will help demolish and reconstruct homes throughout the city that are currently unsafe to live in.
A groundbreaking ceremony at the site of Williams’ former home had been set for Tuesday afternoon but it was canceled after some scheduling issues.
Officials instead held a private groundbreaking for the family, with Williams referencing an old “Try Temple” marketing campaign in her thanks.
“I want to thank the City Council so much, I don’t know any words to say how thankful I am for you all to work with me,” Williams said. “I am so glad that I tried Temple, I don’t think I could get this anywhere else.”
Williams’ home is the only one of the first five participants to not need demolition by the city. In 2020 a fire burned down the house, with Williams and her grandchildren able to escape through a second story window.
As a result of the fire, Williams said she now knows how it feels to experiencing being homeless, and was grateful to the city. She currently lives with her daughter.
The program will provide Williams, and the other four families chosen for the first round of the program, with new homes for free.
In July, the Temple City Council approved the $745,889 needed for the demolition of the current buildings on the properties. The agreement with Killeen-based Seneca Construction Management LLC calls for the demolition and construction of the homes.
Officials said the project is funded by both the city and the Texas Department of Housing and Community Affairs, with about 85% of costs paid for by the state.
Many of the five homes chosen for the program are in the city’s older neighborhoods. The homes are at 1303 E. Ave. E, 303 S. 24th St., 1717 Sycamore St., 2 N. 25th St. and 902 S. 10th St.
Nancy Glover, director of housing and community development, said these first five homes are a part of 20 to be completed over the next few years.
The agreement between the city and the state, Glover said, was for three years but she expects that will be extended in the future. She said the agreement requires participating properties to be owner occupied or the request to be made by the tenant.
Creation of the project, Glover said, has already taken two years with each phase of the project expected to take about nine months due to supply chain issues.
“I think that after these first five, things will go a little bit quicker with the process,” Glover said. “We have learned a lot (during) these first five so I think next ones will be a whole lot better. We will know what to do and what not to do.”
Glover said that the program would only pay for the demolition and construction of the new home. She said that funds would not pay for moving expenses and housing costs while the new homes are being built.
While the homes will cost some taxpayer money, Glover said they will help improve the communities they are a part of and keep the owners from becoming homeless as the buildings deteriorate.
“We really want to preserve our existing neighborhoods,” Glover said. “Part of that preservation effort is helping the elderly and people who have built and paid off their home, which are now relying on Social Security to pay their bills and maintain their home.”
New homes provided by the project were chosen by the homeowners themselves. Glover said residents had a choice between four designs that matched the neighborhood, with two three-bedroom homes and a couple of two-bedroom homes.
Mayor pro tem Judy Morales, who represents most of East and Central Temple, attended the groundbreaking along with fellow Councilwoman Susan Long, who represents South Temple.
Both Morales and Long expressed their happiness in getting to be a part of this project and help residents in need.
“I believe these last several years have really been the biggest effort I have seen to show that our whole city is important,” Morales said. “The East side is just as important as anywhere else.”
Officials said they planned on holding public ribbon-cutting ceremonies in the future when the five homes are completed since they could not have an official groundbreaking. | https://www.tdtnews.com/news/business/article_ba1f5b2a-33bf-11ed-be9e-f377707ba6dd.html | 2022-09-14T01:20:23Z |
TSX.V: DME
U.S. OTC: DMEHF
Frankfurt: QM01
VANCOUVER, BC, June 21, 2022 /PRNewswire/ - DESERT MOUNTAIN ENERGY CORP. (the "Company") (TSXV: DME) (U.S. OTC: DMEHF) (Frankfurt: QM01) is pleased to announce that due to greatly increased demand, it is increasing the size of its non-brokered private placement offering recently announced on June 8, 2022. The Company now plans to raise up to CAD $7.5 Million, an increase of 50% over the original amount announced. Under the terms of the private placement, the Company will now offer for sale up to 2.5 million Units (the "Units") at CAD $3.00 per Unit. The Company may in its sole discretion increase the maximum of the offering by up to 10% to a maximum of 2.75 million Units.
All other terms and conditions of the private placement will remain the same. Each Unit will consist of one common share of the Company and one share purchase warrant (the "Warrants"), with each whole Warrant allowing the subscriber to purchase one additional share of the Company for a period of three (3) years from the date of the closing at a price of CAD $4.00 per share. The expiry of the Warrants may be accelerated at the election of the Company by written notice if the closing price for the common shares on the TSX Venture Exchange shall be equal to or greater than CAD $8.00 per share for a minimum of ten consecutive trading days. Finder's fees are payable of up to 7% in cash and 5% in finder warrants, with the finder warrants having an exercise price of CAD $4.00 per share, but with no forced conversion provisions.
Please refer to the Company's news release of June 8, 2022, for further details. The Units will be subject to a 4-month hold period. The private placement is subject to the approval of the TSX Venture Exchange.
"We are pleased that existing and new investors are showing this level of confidence in our Company," says Robert Rohlfing, CEO of Desert Mountain Energy Corp. "A healthy treasury has allowed us to explore and develop in a cost-efficient manner as the Company moves into helium production this year."
Desert Mountain Energy Corp. is a publicly traded resource company primarily focused on exploration, development and production of helium, hydrogen and noble gases. The Company is primarily looking for elements deemed critical to the renewable energy and high technology industries.
We seek safe harbor
"Robert Rohlfing"
Robert Rohlfing
Exec Chairman & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in polices of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the Company's expectations.
This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward looking statements and information herein include but are not limited to statements regarding the Company's anticipated performance in the future the planned exploration activities, receipt of positive results from drilling, the completion of further drilling and exploration work, and the timing and results of various activities.
Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company and its operations to be materially different from those expressed or implied by such statements. Such factors include, among others, changes in national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada and the United States; financial risks due to helium prices, operating or technical difficulties in exploration and development activities; risks and hazards and the speculative nature of resource exploration and related development; risks in obtaining necessary licenses and permits, and challenges to the Company's title to properties.
Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the continued operation of the Company's exploration operations, no material adverse change in the market price of commodities, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not intend to, and nor does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.
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SOURCE Desert Mountain Energy Corp. | https://www.wibw.com/prnewswire/2022/06/21/desert-mountain-energy-announces-50-increase-private-placement-cad-75-million/ | 2022-06-21T09:01:06Z |
Leading consulting and IT solutions provider expands its distributed cloud strategy to run its popular financial SaaS applications
AUSTIN, Texas and TOKYO, June 21, 2022 /PRNewswire/ -- Oracle today announced that Nomura Research Institute (NRI) has implemented a second OCI Dedicated Region at its Osaka data center, following the successful adoption at its Tokyo data center. Running on Oracle Cloud Infrastructure (OCI), NRI built a service platform and disaster recovery environment at the Tokyo and Osaka sites for the company's T-STAR asset management solution. Recognized as an industry-standard asset management infrastructure service and used by over 100 of the largest mutual funds and investment firms in Japan, T-STAR supports back-office processes and front office operations. NRI is now running two of their most critical applications on OCI Dedicated Regions: BESTWAY and T-STAR.
With this implementation, NRI is now one of the first companies in the world to automate its build process with OCI Dedicated Region, a fully managed cloud region that brings Oracle's complete portfolio of public cloud services into a customer's data center. OCI helps NRI to meet stringent regulatory, data sovereignty and application latency requirements, including providing SOC2 reports based on Japanese security standards in the financial services industry. NRI benefits from OCI's high-performance, security and scalability, in addition to a wide-band, low-latency, high-speed private network connection between NRI's two dedicated regions, which enables a disaster recovery capability that will keep regulated data within national borders.
"After our first successful implementation in our Tokyo data center, we expanded the use of OCI Dedicated Region in Osaka data center to run our SaaS solutions for the financial industry," said Tomoshiro Takemoto, senior executive managing director, NRI. "OCI has helped us build a distributed cloud environment within our Tokyo and Osaka data centers, allowing us to leverage the high-performance and flexible resources of OCI and maintain a high level of financial governance and availability that we require."
"With OCI Dedicated Region, we built the T-STAR service platform and a disaster recovery environment, which has allowed us to smoothly migrate to a cloud architecture and improve performance, while maintaining a high level of financial governance," says Kazuya Kobayashi, senior managing director and division manager, Asset Management Solutions, NRI. "By further leveraging a wide range of cloud services and tools provided by Oracle, we will keep improving business value for our financial services customers."
With the expanded deployment of OCI Dedicated Region, NRI can now shift its resources used for private cloud operations and maintenance to strategic areas such as digital transformation. In addition, NRI plans to modernize its core financial SaaS applications by conducting research on application development methods using Oracle Application Express and improving application development lifecycles using Oracle Container Engine for Kubernetes.
"We're continuing to see a need for more distributed cloud infrastructure, which is why we're bringing the benefits of the cloud closer to the customer," said Clay Magouyrk, executive vice president, Oracle Cloud Infrastructure. "Our partnership with NRI has enabled them to achieve their strategy of running multiple critical customer-facing applications while incrementally modernizing them using on-premises cloud services. We are committed to supporting NRI's IT transformation as they serve their clients as a trusted advisor in the financial industry."
Additional Resources
- Learn more about Nomura Research Institute
- Learn more about OCI Dedicated Region
About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.
Trademarks
Oracle, Java, and MySQL are registered trademarks of Oracle Corporation.
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SOURCE Oracle | https://www.kxii.com/prnewswire/2022/06/21/nri-deploys-second-oci-dedicated-region-run-key-financial-services-highly-available-secure-cloud-platform/ | 2022-06-21T15:29:48Z |
Doctor’s lawyer defends steps in 10-year-old girl’s abortion
INDIANAPOLIS (AP) — The lawyer for an Indiana doctor at the center of a political firestorm after speaking out about a 10-year-old child abuse victim who traveled from Ohio for an abortion said Thursday that her client provided proper treatment and did not violate any patient privacy laws in discussing the unidentified girl’s case.
Attorney Kathleen DeLaney issued the statement on behalf of Indianapolis obstetrician-gynecologist Caitlin Bernard the same day Republican Indiana Attorney General Todd Rokita said his office was investigating Bernard’s actions. He offered no specific allegations of wrongdoing.
A 27-year-old man was charged in Columbus, Ohio, on Wednesday with raping the girl, confirming the existence of a case initially met with skepticism by some media outlets and Republican politicians. The pushback grew after Democratic President Joe Biden expressed empathy for the girl during the signing of an executive order last week aimed at protecting some abortion access in the wake of the U.S. Supreme Court’s ruling overturning the constitutional protection for abortion.
Bernard’s attorney said the physician “took every appropriate and proper action in accordance with the law and both her medical and ethical training as a physician.”
“She followed all relevant policies, procedures, and regulations in this case, just as she does every day to provide the best possible care for her patients,” DeLaney said in a statement. “She has not violated any law, including patient privacy laws, and she has not been disciplined by her employer.”
Bernard reported a June 30 medication abortion for a 10-year-old patient to the state health department on July 2, within the three-day requirement set in state law for a girl younger than 16, according to a report obtained by The Indianapolis Star and WXIN-TV of Indianapolis under public records requests. The report indicated the girl seeking the abortion had been abused.
DeLaney said they are considering taking legal action against “those who have smeared my client,” including Rokita, who had said he would investigate whether Bernard violated child abuse notification or abortion reporting laws. He also said his office would look into whether anything Bernard said to the Star about the case violated federal medical privacy laws. The U.S. Department of Health and Human Services would not say whether any privacy law complaints had been filed against Bernard, nor would Indiana University Health, where Bernard is an obstetrician. But the HIPAA Privacy Rule only protects most “individually identifiable health information,” the department’s website said.
The prosecutor for Indianapolis, where the abortion took place, said his office alone has the authority to pursue any criminal charges in such situations and that Bernard was being “subjected to intimidation and bullying.”
“I think it’s really dangerous when people in law enforcement start trying to launch a criminal investigation based on rumors on the internet,” Democratic Marion County Prosecutor Ryan Mears said.
Some Republicans who have backed stringent abortion restrictions imposed in Ohio after the Supreme Court ruling, including Ohio Attorney General Dave Yost, initially questioned whether the story relayed by Bernard to the newspaper was real. After telling Fox News on Monday that there was not “a whisper” of evidence supporting the case’s existence, Yost said his “heart aches for the pain suffered by this young child” and his investigative unit stands ready to support police in the case.
On Thursday, Yost faced intense backlash for his public statements, including a claim that medical exceptions in the Ohio “fetal heartbeat” abortion ban would have allowed the girl to receive her abortion in the state.
Apparently in response, he released a “legal explainer” detailing the law’s medical exceptions. Abortion rights advocates and attorneys said the law’s medical exceptions – for the life of the mother, dire risks of bodily harm and ectopic pregnancies – would not have protected an Ohio doctor who performed an abortion for the girl from prosecution.
Bernard did not reply to email and text messages from The Associated Press seeking comment.
__
Carr Smyth reported from Columbus, Ohio.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/07/15/doctors-lawyer-defends-steps-10-year-old-girls-abortion/ | 2022-07-15T11:56:55Z |
NEW YORK, April 4, 2022 /PRNewswire/ -- Lument announced today that Managing Director Brian Sykes, an industry veteran who has originated and closed more than $5 billion in multifamily mortgages over the course of a 30-year career, will head the company's new Boston office. Sykes will lead a Boston team responsible for originating Agency loans and proprietary capital for institutional and private multifamily owners. He will report to Vic Clark, senior managing director and head of conventional multifamily production.
Sykes and his team will work extensively with investors and developers across the country, building on the network he developed over the course of his career.
"Given his exceptional record and breadth of agency, HUD/FHA, and balance sheet experience, there is no one better than Brian to help us continue our expansion," Clark said. "Brian brings a high level of enthusiasm to every deal, whether serving an institutional client or a local owner/operator – he is deeply knowledgeable across the whole spectrum of geographies, property types, and funding options."
Sykes will be joined in the Boston office by Jon Wood, also a managing director. Sykes and Wood worked together for almost 10 years at Capital One and at Deutsche Bank Berkshire Mortgage. Over the last five years, Wood participated in building a customized production platform that closed more than $3 billion of agency loans for multifamily and affordable housing clients.
The Boston office will be rounded out by an equally impressive and client-centric team: Tim Smits, director; Mike McNeill, vice president; Mitchell Goldenberg, assistant vice president; and Christine Mahoney, administrative assistant.
"Lument's emphasis on long-term relationships and its growing range of agency and proprietary products makes the firm an ideal fit for us," Sykes said. "We're now positioned to provide clients with tailored solutions that meet their needs today and to continue serving them as they grow and those needs evolve."
"We are incredibly excited about our Boston team," said James Flynn, Lument's CEO. "We have put a great group in place with the products and financial resources needed to provide new levels of responsive service for our customers."
About Lument
ORIX Real Estate Capital Holdings, LLC, d/b/a Lument, is a subsidiary of ORIX Corporation USA. Lument is a national leader in commercial real estate finance. As the combined organization of legacy industry experts Hunt Real Estate Capital, Lancaster Pollard, and RED Capital Group, Lument delivers a comprehensive set of capital solutions customized for investors in multifamily, affordable housing, and seniors housing and healthcare real estate. Lument is a Fannie Mae DUS®, Freddie Mac Optigo®, FHA, and USDA lender. In addition, Lument offers a suite of proprietary commercial lending, investment sales, investment banking, and investment management solutions. Securities, investment banking, and advisory services are provided through OREC Securities, LLC, d/b/a Lument Securities, Member FINRA/SIPC. Investment advisory services are provided by OREC Investment Management, LLC, d/b/a Lument Investment Management. OREC Investment Management is registered as an investment adviser with the U.S. Securities and Exchange Commission. For more information, visit www.lument.com.
MEDIA CONTACT
Tyler Howard | Associate Director
513-403-1911 | tyler.howard@lument.com
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SOURCE Lument | https://www.wibw.com/prnewswire/2022/04/04/lument-launches-boston-agency-production-office/ | 2022-04-04T15:33:08Z |
BAGHDAD (AP) — Thousands of followers of an influential Shiite cleric stormed into Iraq’s parliament on Saturday, for the second time this week, protesting government formation efforts led by his rivals, an alliance of Iran-backed groups.
The alliance showed signs of internal division, with some calling for counter-protests — a development that would raise the specter of civil strife — while others later urged for dialogue.
Iraqi security forces initially used tear gas and stun grenades to try to repel the demonstrators, who are followers of cleric Muqtada al-Sadr. Once inside, the protesters declared an open-ended sit-in and claimed they would not disperse until their demands are answered.
As the numbers of protesters swelled, the police backed off. An expected parliament session did not take place and no lawmakers were in the hall. By late afternoon, the Ministry of Health said about 125 people were injured in the violence — 100 protesters and 25 members of the security forces.
Parliament Speaker Mohammed Halbousi suspended future sessions until further notice.
Earlier in the day and heeding al-Sadr’s calls, the demonstrators used ropes and chains to pull down cement barricades leading to the gate of Baghdad’s heavily fortified Green Zone, which houses government buildings and embassies.
The development showed al-Sadr was using his large grassroots following as a pressure tactic against his rivals, after his party was not able to form a government despite having won the largest number of seats in the federal elections held last October.
With neither side appearing willing to concede, and al-Sadr intent on derailing government formation efforts lead by his rivals, Iraq’s limbo and political paralysis has ushered in a new era of instability in the beleaguered country.
Al-Sadr has used his followers as leverage against rivals and ordered them to occupy the parliament in the past — as in 2016, during the administration of Prime Minister Haidar al-Abadi.
Now, 10 months since the last elections, the political vacuum is shaping up to be the longest since the U.S.-led 2003 invasion to oust Iraqi dictator Saddam Hussein had reset the country’s political order.
Al-Sadr’s rivals in the Coordination Framework — an alliance of Shiite parties backed by Iran and lead by former Prime Minister Nouri al-Maliki — showed signs of internal divisions later on Saturday.
At first, the alliance called for “peaceful” counter-protests to defend the state, raising fears of possible street clashes and inter-ethnic violence.
“Civil peace is a red line and all Iraqis must be prepared to defend it in all possible, peaceful, means,” the alliance said. Three Shiite officials said this statement was written by al-Maliki and militia leader and political figure Qais al-Khazali.
Later, Hadi al-Amiri, also an alliance leader, issued a statement inviting our “dear brother” al-Sadr to “a serious dialogue” to find a way out of the impasse. Al-Maliki appeared to pivot also and issued a statement saying the day’s tumultuous events had prompted him to call for dialogue with al-Sadr.
Al-Maliki is al-Sadr’s chief rival and both men are powerful in their own right.
The United Nations expressed its concern of further instability and called on Iraqi leaders to de-escalate. “Voices of reason and wisdom are critical to prevent further violence. All actors are encouraged to de-escalate in the interest of all Iraqis,” the U.N. said.
In a speech, caretaker Prime Minister Mustafa al-Kadhimi called for restraint.
“The political blocs must sit down and negotiate and reach an understanding for the sake of Iraq and the Iraqis,” he said and ordered security forces to protect demonstrators.
Shiite leader Ammar al-Hakim — who is allied with the Framework but has announced he would not participate in the next government — echoed al-Kadhimi’s words and called for both sides to make concessions to avoid “the irreplaceable loss of the homeland.”
Throughout the day, al-Sadr supporters — many had come not just from Baghdad but other provinces as well in order to stage the sit-in — continued to throng the parliament building, raising the Iraqi flag and portraits of al-Sadr. They chanted against the intrusion of foreign states, a veiled reference to Iran.
It was the second time in four days that the cleric ordered his followers to take their cause inside the Green Zone. On Wednesday, after protesters stormed the parliament in a similar fashion, they left shortly after getting inside, at al-Sadr’s command.
Wednesday’s show of force came after al-Sadr’s rivals had made a step forward in their government formation efforts by naming Mohammed al-Sudani as their nominee for the premiership.
Inside the parliament, as the day unfolded, the defenses of the security forces grew less intense and many were seen sitting and conversing with demonstrators. Later, some protesters began moving from the parliament toward the Judicial Council building.
“We came today to remove the corrupt political class and prevent them from holding a parliament session, and to prevent the Framework from forming a government,” said Raad Thabet, 41. “We responded to al-Sadr’s call.”
Al-Sadr’s party left the government formation talks in June, giving his rivals in the Coordination Framework the majority they needed to move forward with the process.
Many protesters wore black to mark the days leading to Ashura, which commemorates the death of Imam Hussein, the grandson of the Prophet Mohamed and one of Shiite Islam’s most important figures. Al-Sadr’s messaging to his followers has used the important day in Shiite Islam to kindle protests.
It’s unclear to what extent Saturday’s events could derail efforts to muster enough support for al-Sudani’s bid for premiership. Al-Maliki had wanted the premier post himself, but audio recordings were leaked in which he purportedly cursed and criticized al-Sadr and even his own Shiite allies, which effectively sank his candidacy. | https://cw33.com/news/international/ap-international/iraqi-security-forces-clash-with-followers-of-cleric/ | 2022-07-31T00:51:00Z |
STAMFORD, Conn., Aug. 3, 2022 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced that Franklin Templeton, a global investment management organization, renewed its lease for 79,059 square feet at 100 First Stamford Place, which represents about 10% of building square footage.
Located in one of Connecticut's premier business districts, the award-winning office campus at First Stamford Place consists of 777,174 rentable square feet within three buildings. The complex is a short walk from the Stamford Transportation Center (STC) at I-95's Exit 7.
First Stamford Place features a full suite of amenities which include new fitness and conference centers, new dining and coffee lounge, renovated lobbies, on-site daycare, beautifully landscaped grounds, covered parking, shuttle to the Stamford Transportation Center, and an on-site car wash.
"ESRT provides exceptional value with healthy, modernized workplaces and industry-leading sustainability practices to serve the market flight to quality," said Jeff Newman, senior vice president, leasing at Empire State Realty Trust. "Franklin Templeton's long-term renewal and consolidated relocation of its entire Stamford office space to First Stamford Place is a testament to the property's ideal location for companies to recruit and retain employees from across the tri-state area, and to our successful tenant partnerships and industry leadership in indoor environmental quality and energy efficiency."
Jay Hruska, Rob Lowe, Jeff Cushman and John C. Cushman III of Cushman and Wakefield represented Franklin Templeton in the lease negotiations. Jeffrey Newman and Kimberly Zaccagnino of ESRT represented the property owner.
More information about First Stamford Place, and current availabilities, can be found online.
About Empire State Realty Trust
Empire State Realty Trust, Inc. (NYSE: ESRT) is a REIT that owns and manages office, retail and multifamily assets in Manhattan and the greater New York metropolitan area. ESRT owns the Empire State Building, the World's Most Famous Building, and Tripadvisor's 2022 Travelers' Choice Best of the Best Awards #1 attraction in the U.S. and #3 attraction in the world, the newly reimagined and iconic Empire State Building Observatory. The company is a leader in healthy buildings, energy efficiency, and indoor environmental quality and has the lowest greenhouse gas emissions per square foot of any publicly traded REIT portfolio in New York City. As of June 30, 2022, ESRT's portfolio is comprised of approximately 9.2 million rentable square feet of office space, 700,000 rentable square feet of retail space and 625 residential units across two multifamily properties. More information about Empire State Realty Trust can be found at esrtreit.com and by following ESRT on Facebook, Instagram, Twitter and LinkedIn.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Federal securities laws. You can identify these statements by our use of words such as "assumes," "believes," "estimates," "expects," "intends," "plans," "projects" or the negative of these words or similar words or expressions that do not relate to historical matters. You should exercise caution in interpreting and relying on forward-looking statements, because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond ESRT's control and could materially affect actual results, performance or achievements. Such factors and risks include, without limitation, the current public health crisis and economic disruption from the COVID-19 pandemic, a failure of conditions or performance regarding any event or transaction described above, regulatory changes, and other risks and uncertainties described from time to time in ESRT's and ESROP's filings with the SEC, including those set forth in each of ESRT's and ESROP's Annual Report on Form 10-K for the year ended December 31, 2021 under the heading "Risk Factors." Except as may be required by law, ESRT and ESROP do not undertake a duty to update any forward-looking statement, whether as a result of new information, future events or otherwise.
Source: Empire State Realty Trust, Inc.
Category: Leasing
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SOURCE Empire State Realty Trust, Inc. | https://www.mysuncoast.com/prnewswire/2022/08/03/franklin-templeton-inc-renews-with-empire-state-realty-trust-79k-square-feet-100-first-stamford-place/ | 2022-08-03T22:15:13Z |
MONTPELIER, Vt. (AP) — With a rare opening this fall in its congressional delegation, Vermont appears poised to lose its distinction as the only state that has never been represented by a woman in Washington.
Three women, including Lt. Gov. Molly Gray and Senate President Pro Tempore Becca Balint, are among the Democrats competing in the Aug. 9 primary for the seat being vacated by the state’s lone U.S. House member, Democrat Peter Welch, who is trying to move to the Senate. The two Republican candidates registered to run in the midterm elections are also women.
Given Vermont’s liberal reputation, it might seem strange that it would be the last state to send a woman to Congress. But Vermont’s tiny population makes it one of a handful of states with the smallest possible congressional delegation — two senators and one House member. And like many states, Vermont has traditionally reelected its incumbents, who have happened to be white men who have ended up serving for extraordinarily long stretches. That includes Democrat Patrick Leahy, who was first elected in 1974 and is the fourth-longest-serving senator in history.
“It’s a bottleneck of leadership,” said Elaine Haney, the executive director of Emerge Vermont, an organization that works to prepare women to run for elective office. “And so when someone holds on to all this for a very long time, it shuts off opportunity for everybody else.”′
Last November, Leahy announced he would retire after eight terms in office. Within days, Welch said he would seek the Senate nomination, leaving the at-large House seat vacant for the first time since 2006, when Welch succeeded now-Sen. Bernie Sanders. Sanders has served in the congressional delegation since 1991.
Haney, whose organization helped train some of the women running for the House on how to campaign, noted that women bring a different experience to elected office than do men. That matters, she said, on issues such as abortion rights, a subject highlighted by a leaked draft opinion from the U.S. Supreme Court that would overturn the 1973 landmark Roe v. Wade decision legalizing abortion.
“I believe strongly — and I think a lot of other people believe strongly — that if women, Democratic women, were actually at the table, these kinds of threatening situations would not be occurring, because women’s lived experiences would be at the center of the discussion and of the policy,” she said.
The Democratic candidates support abortion rights. A referendum on the ballot in Vermont in November would enshrine reproductive rights in the state constitution, the first such amendment in the country. The state also has a law protecting a woman’s right to an abortion.
“We need leaders going to Washington who are unequivocal in making sure that Roe v. Wade is codified at the federal level, and I know that is a top priority for the (Democratic) women in this race,” Gray said.
Welch has also been a fervent supporter of abortion rights and has called on Congress to codify the right to an abortion. He believes electing a woman as his successor will encourage more young people to run for office.
“This is an all-hands-on-deck moment and I couldn’t be more excited for our state that these women have stepped up to meet the challenge,” Welch said in a statement. “Each of the candidates is uniquely and incredibly talented and I know that they will use their experience to work hard for Vermonters in Congress should they be elected.”
Vermont remains an outlier at a time when the number of women serving in Washington is growing. Montana in 1916 made Rep. Jeannette Rankin the first woman elected to Congress, four years before the 19th Amendment secured women’s constitutional right to vote.
Since then, nearly 400 women have served as U.S. representatives, delegates, resident commissioners or senators,
In 2018, Vermont became the last state without female representation in Congress when Mississippi Republican Cindy Hyde-Smith was appointed to the Senate.
The women seeking the Democratic nomination in the Vermont House race have not focused their campaigns on the possibility that one of them will be the first woman from the state elected to Congress. They are instead promising to seek solutions to build the workforce, ease the state’s affordable housing problem and combat the climate crisis, among other priorities central to the party.
“They’re just not that far apart on a lot of these issues, and I think the election is going to turn on other things, such as questions of temperament and experience and, frankly, name recognition,” said Matthew Dickinson, a political science professor at Middlebury College.
Gray, the lieutenant governor, was elected in 2020 in her first bid for political office. She is a lawyer and a former assistant state attorney general.
Balint has served in the state Senate for eight years, including six years in leadership positions, with the last two as president pro tempore. She was previously a middle school teacher.
A third Democratic candidate, Sianay Chase Clifford, is a social worker from Essex who previously worked in Washington for Rep. Ayanna Pressley, D-Mass.
The candidates could also make history in other ways. If elected, Balint would be the first openly gay person to represent Vermont in Congress, while Chase Clifford would be the first person of color to represent the state in Washington.
The GOP candidates registered to run for the House seat are accountant Ericka Redic, who lost a state Senate race in 2020, and Anya Tynio, who ran for the U.S. House in 2018 and lost.
Redic says she will focus on fighting inflation, illegal immigration, drug misuse and government overreach, particularly as it concerns vaccine mandates. Tynio said on her website that she is a supporter of the Second Amendment, a proponent of strong border security and supportive of implementing legislation that would reduce inflation, cut the national debt and balance the budget.
Two men, an independent from Brattleboro and a physician from South Burlington running as a Democrat, are also running for the House seat, but neither has reported raising any money.
While this fall’s election will probably break Vermont’s glass ceiling, it’s likely the state will have other openings over the next few years.
Sanders, an independent, is 80 years old and facing reelection in 2024. Welch is 75.
Haney said she would love to see all of Vermont’s top elected positions held by women.
“We have normalized male leadership throughout our history. And we are so used to seeing no one but men in charge, and we think, ‘Oh, that’s fine,’” she said. “There is nothing wrong with all women being in charge, and that’s what I want to see.”
___
Follow AP for full coverage of the midterms at https://apnews.com/hub/2022-midterm-elections and on Twitter, https://twitter.com/ap_politics | https://cw33.com/news/politics/ap-politics/vermont-likely-to-elect-its-1st-woman-to-congress-this-year/ | 2022-05-29T19:10:41Z |
Georgia Power, Southern Nuclear look to next steps, startup process for the new unit
ATLANTA, Aug. 3, 2022 /PRNewswire/ -- Georgia Power announced today a historic milestone in the completion of Vogtle Unit 3 near Waynesboro, Ga. – the receipt of the 103(g) finding from the Nuclear Regulatory Commission (NRC). This finding was confirmed in an official letter received by Southern Nuclear and signifies that the new unit has been constructed and will be operated in conformance with the Combined License and NRC regulations. No further NRC findings are necessary in order for Southern Nuclear to load fuel or begin the startup sequence for the new unit.
"Today's finding by the NRC helps ensure we have met our commitment to building Vogtle 3 & 4 with the highest safety and quality standards," said Chris Womack, chairman, president and CEO of Georgia Power. "These new units remain a strong long-term investment for this state, and, once operating, are expected to provide customers with a reliable and resilient, clean, emission-free source of energy for the next 60 to 80 years. That's why we've been so committed to getting this project done right – it's about serving our customers today and for decades to come."
The issuance of the 103(g) finding follows years of diligent and careful work by the team at the site to submit documentation that Unit 3 has satisfied 398 required inspections, tests, analyses, and acceptance criteria (ITAACs) as outlined in Southern Nuclear's Combined License – helping ensure the unit meets strict nuclear safety and quality standards. This process was completed on July 29, and the NRC conducted a thorough review process of each submission and targeted inspections of the facility before issuing the 103(g) finding. As required by the NRC, each ITAAC had to be verified before fuel load and operations.
The team at the site continues working diligently to make final preparations for Unit 3 fuel load, initiate startup testing and bring the unit online. Over the next several weeks, well-trained and highly qualified nuclear technicians will continue work required to support loading fuel, which is already onsite, into the unit's reactor. This will be followed by several months of startup testing and operations. Startup testing is designed to demonstrate the integrated operation of the primary coolant system and steam supply system at design temperature and pressure with fuel inside the reactor. Operators will also bring the plant from cold shutdown to initial criticality, synchronize the Unit to the grid and systematically raise power to 100%.
The new Vogtle units are an essential part of Georgia Power's commitment to delivering clean, safe, reliable and affordable energy, and, once operating, the two new units at Plant Vogtle are expected to power more than 500,000 homes and businesses. Additionally, the new units will be clean energy sources that produce zero air pollution.
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.7 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/Georgia Power), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the completion of remaining work necessary to load fuel and the future loading of fuel, testing and operation of Plant Vogtle Units 3 and 4. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2021, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the potential effects of the continued COVID-19 pandemic; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities or other projects, including Plant Vogtle Units 3 and 4, which includes components based on new technology that only within the last few years began initial operation in the global nuclear industry at this scale, due to current and/or future challenges which include, but are not limited to, changes in labor costs, availability and productivity, challenges with management of contractors or vendors, subcontractor performance, adverse weather conditions, shortages, delays, increased costs, or inconsistent quality of equipment, materials, and labor, contractor or supplier delay, delays due to judicial or regulatory action, nonperformance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, engineering or design problems or any remediation related thereto, design and other licensing-based compliance matters, including, for nuclear units, inspections and the timely submittal by Southern Nuclear of the Inspections, Tests, Analyses, and Acceptance Criteria documentation for each unit and the related investigations, reviews and approvals by the NRC necessary to support NRC authorization to load fuel, challenges with start-up activities, including major equipment failure, or system integration, and/or operational performance, and challenges related to the COVID-19 pandemic; the ability to overcome or mitigate the current challenges at Plant Vogtle Units 3 and 4 that could further impact the cost and schedule for the project; legal proceedings and regulatory approvals and actions related to construction projects, such as Plant Vogtle Units 3 and 4, including Public Service Commission approvals and NRC actions; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction and the ability of other Vogtle owners to tender a portion of their ownership interests to Georgia Power following certain construction cost increases, including the purported exercise by Oglethorpe Power Corporation ("OPC") and the City of Dalton of their tender options and related litigation initiated by OPC and Municipal Electric Authority of Georgia; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of NRC requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; the inherent risks involved in operating and constructing nuclear generating facilities; the ability of counterparties of Georgia Power to make payments as and when due and to perform as required; the direct or indirect effect on Georgia Power's business resulting from cyber intrusion or physical attack and the threat of physical attacks; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events, political unrest, wars or other similar occurrences; and the direct or indirect effects on Georgia Power's business resulting from incidents affecting the U.S. electric grid or operation of generating or storage resources. Georgia Power expressly disclaims any obligation to update any forward–looking information.
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SOURCE Georgia Power | https://www.wibw.com/prnewswire/2022/08/03/historic-nuclear-regulatory-commission-103g-finding-marks-critical-step-leading-up-vogtle-unit-3-fuel-load/ | 2022-08-03T17:26:22Z |
Massachusetts 8th grader written up for wearing hijab to school
MALDEN, Mass. (WCVB) – An eighth grader in Massachusetts was told she was violating uniform when she wore her hijab to school.
When the girl showed up for the first day of classes at Mystic Valley Regional Charter School last week, she was written up for violating the dress code.
A photo of the school uniform compliance form shows the teacher also misspelled hijab – the headscarf worn by Muslim women – as “jihab.”
The school admitted the “handling of the situation came across as insensitive” and explained that students can wear religious attire as long as they have a letter from a member of their clergy about it.
The school in Malden, Massachusetts is located about 10 miles north of Boston.
Copyright 2022 WCVB via CNN Newsource. All rights reserved. | https://www.kxii.com/2022/08/23/massachusetts-8th-grader-written-up-wearing-hijab-school/ | 2022-08-23T21:18:07Z |
Chief Justice Roberts joins with liberals to criticize ‘shadow docket’ as court reinstates Trump-era EPA rule
By Ariane de Vogue, CNN Supreme Court Reporter
A 5-4 Supreme Court reinstated a Trump-era rule Wednesday that restricts the authority of states to reject federal permits under the Clean Water Act in another ruling putting the court’s emergency docket in the spotlight.
Chief Justice John Roberts joined the court’s liberal justices in dissent, arguing that the court’s majority had “gone astray” by granting an unwarranted request on its emergency docket.
“That renders the Court’s emergency docket not for emergencies at all,” Justice Elena Kagan wrote for the four dissenters. She said that the Republican-led states and others that had petitioned the court for emergency relief had not shown they would suffer the necessary irreparable harm to make their case.
“This Court may stay a decision under review in a court of appeals only in extraordinary circumstances and upon the weightiest considerations,” Kagan wrote. She said the challengers’ request for a stay rested on “simple assertions — on conjectures, unsupported by an present-day evidence.”
The majority’s move, Kagan insisted, signals the court’s view of the merits even though the applicants have failed to make the irreparable harm showing “we have traditionally required.”
The emergency docket, she said, “becomes only another place for merits determination — except without full briefing and argument.”
The five conservative justices did not explain their reasoning for reinstating the Trump-era rule.
The emergency docket — referred to by some justices and outside observers as the “shadow docket” — has increasingly come under criticism by those who say that important issues are being resolved without the benefit of full briefing schedule and oral arguments.
While the court’s liberals, especially Kagan, have often criticized the use of emergency petitions, this is the first time Roberts has explicitly joined in.
“We’ve seen Chief Justice Roberts join the Democratic appointees in dissenting from some of the Court’s prior shadow docket rulings,” said Steve Vladeck, a CNN Supreme Court analyst and professor at the University of Texas School of Law, who is penning a book on the shadow docket. “But today’s ruling is the first time he’s joined in publicly criticizing the majority for how it is using and abusing the shadow docket. That’s a pretty significant development, and a strong signal for the Court’s de facto leader to be sending.”
In the dissent, Kagan wrote that the challengers had failed to offer “concrete proof” that they would be harmed if the Environmental Protection Agency rule were not reinstated. She noted specifically that they had waited five months after the lower court vacated the rule to make their request. In addition, she said, a federal appeals court is set to hear the dispute next month and that the rule that is currently in place had previously been on the books for some 50 years.
Last September, conservative Justice Samuel Alito launched a 10-point rebuttal in an unusual speech, defending the court’s practice when it comes to the emergency docket. He said the complications surrounding the emergency requests and said that the justices do “the best we can” under the time constraints imposed by the situation. Alito called criticism “very misleading,” stressing that there is “absolutely nothing new about emergency applications.”
The court’s order on Wednesday reinstates a rule that restricts the authority of states under the Clean Water Act to reject federal permits for projects that affect waters within their borders. The Trump-era rule will go back into effect while the Biden administration issues a new rule which is expected to be finalized by spring 2023.
It is a loss for more than 20 Democratic-led states, the District of Columbia, environmental groups and tribes that challenged the rule put in place by the Trump administration in 2020. They said it limited the abilities of states and local communities to weigh in on projects that could harm their communities. Challengers said the Trump rule could lead to projects — such as a strip mall on a wetland, a hydroelectric project or oil and gas pipelines — that could alter waterways without input from the state.
Earthjustice, representing environmental groups and tribes opposed to the Trump rule, criticized the court’s order.
“The court’s decision to reinstate the Trump administration rule shows disregard for the integrity of the Clean Water Act and undermines the rights of tribes and states to review and reject dirty fossil fuel projects that threaten their water,” said Moneen Nasmith, senior attorney for the group.
A lower court had vacated the rule, prompting a group of Republican-led states and various industries to seek emergency relief from the Supreme Court.
This story has been updated with additional details.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/politics/cnn-us-politics/2022/04/06/chief-justice-roberts-joins-with-liberals-to-criticize-shadow-docket-as-court-reinstates-trump-era-epa-rule/ | 2022-04-06T16:37:33Z |
Policing pledges to bring peace to communities with the first-ever "Peace Officer Promise" by Police2Peace
NEW YORK, May 3, 2022 /PRNewswire/ -- With 70 million encounters between police and community annually1, issues of police use of force remain top of mind in cities around the nation. In response, the 501 (c)(3) organization Police2Peace announced today "The Peace Officer Promise", policing's first-ever Hippocratic oath for policing to 'do no harm' while serving and protecting American communities.
The Richland County (SC) Sheriff's Department was the first to make The Peace Officer Promise in Columbia, South Carolina today. More than 80 police chiefs and sheriffs from departments around the country support the Promise including Arizona State University (AZ), Fairfield (CA), University of Nevada Reno (NV), Rahway (NJ), Ashland (OR), St. Paul (MN) and Green Bay (WI). Municipal groups across the nation support the Promise, including the Police Advisory Commission for the City of Philadelphia. And national policing organizations including the National Policing Institute, National Association of Women Law Enforcement Executives (NAWLEE) and the National Law Enforcement Officers Memorial Fund support The Peace Officer Promise. In all, more than 17,000 law enforcement agencies around the nation have been invited to support The Peace Officer Promise. It reads:
We, the members of the (insert name,) promise that while doing our best to control crime, we will do everything in our power to do no harm to the communities we serve and protect.
Police agencies are personalizing The Promise with their own language to reflect the uniqueness of their communities.
"NAWLEE is pleased to support Police2Peace as they launch the Peace Officer Promise," said Kym Craven, Executive Director. "Programs like these will help build community trust and create change in policing. The Promise upholds the values that our members and stakeholders exhibit on a daily basis as they ensure the nobility of policing remains a cornerstone of the profession."
"Police officers seeking to 'do no harm' may be the most powerful concept in policing today," said Jim Bueermann, a 40+ year veteran of policing, retired police chief and past president of the National Police Foundation, now called the National Policing Institute. "The Peace Officer Promise is policing's Hippocratic Oath. Like the oath which physicians take to do no harm, a similar oath is needed which acknowledges the notion of harm reduction by the police. This is simple, meaningful police reform that is not controversial."
"We are pleased that the Peace Officer Promise is being announced in May," said Marcia Ferranto, Chief Executive Officer of the National Law Enforcement Officers Memorial Fund. "This month we honor the officers who fulfilled the promise they made to their communities, including risking and ultimately giving their lives. It's fitting that the Peace Officer Promise is being made now."
The Peace Officer Promise gives police agencies a way to build trust and confidence by making a public reaffirmation of their 'do no harm' commitment. The Promise differs from the oath which law enforcement officers take about upholding the Constitution and protecting the public. Instead, the Peace Officer Promise implicitly acknowledges the harm that some policing strategies can unintentionally inflict on the very communities the police are paid to protect.
"The events of the last few years have made the delivery of public safety very challenging," said Chief Michael Thompson of Arizona State University. "The Peace Officer Promise is a fantastic way for us to repair strained relationships and build new ones by creating a shared vision for policing that works for everyone."
"This is about people, and the fact that only people count," said Chief Tighe O'Meara of the Ashland, OR Police Department. "We are looking to personalize The Peace Officer Promise with input from our own Ashland high school students".
Police2Peace addresses community dissatisfaction with the police to create "Peace Officer" cultural change that is fundamental to police reform. It is a trusted source of programs and policies for departments, municipalities and communities throughout the U.S.
For more information on the Peace Officer Promise, go to: https://police2peace.com/peace-officer-promise/
1 Contacts Between Police and the Public, 2018, Bureau of Justice Statistics, Dec 2020
Media Contact: media@police2peace.org
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SOURCE Police2Peace | https://www.mysuncoast.com/prnewswire/2022/05/03/police-agencies-around-nation-pledge-do-no-harm/ | 2022-05-03T20:47:27Z |
PARSIPPANY, N.J., May 11, 2022 /PRNewswire/ -- Wyndham Hotels & Resorts, Inc. (NYSE: WH) announced today its Board of Directors declared a quarterly cash dividend of $0.32 per share on its common stock, payable June 29, 2022 to shareholders of record as of June 15, 2022.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world's largest hotel franchising company by the number of properties, with over 8,900 hotels across over 95 countries on six continents. Through its network of over 813,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 22 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. The Company's award-winning Wyndham Rewards loyalty program offers approximately 94 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com. The Company may use its website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Disclosures of this nature will be included on the Company's website in the Investors section, which can currently be accessed at www.investor.wyndhamhotels.com. Accordingly, investors should monitor this section of the Company's website in addition to following the Company's press releases, filings submitted with the Securities and Exchange Commission and any public conference calls or webcasts.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the federal securities laws, including statements related to the Company's quarterly dividend. Forward-looking statements include those that convey management's expectations as to the future based on plans, estimates and projections at the time the Company makes the statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, general economic conditions; the continuation or worsening of the effects from COVID-19, its scope, duration, resurgence and impact on the Company's business operations, financial results, cash flows and liquidity, as well as the impact on the Company's franchisees and property owners, guests and team members, the hospitality industry and overall demand for travel; the success of the Company's mitigation efforts in response to COVID-19; the Company's performance during the recovery from COVID-19 and any resurgence or mutations of the virus; various actions governments, businesses and individuals continue to take in response to the pandemic, including stay-in-place directives (including, for instance, quarantine and isolation guidelines and mandates), safety mitigation guidance, as well as the timing, availability and adoption rates of vaccinations, booster shots and other treatments for COVID-19; concerns with or threats of other pandemics, contagious diseases or health epidemics, including the effects of COVID-19; the performance of the financial and credit markets; the economic environment for the hospitality industry; operating risks associated with the hotel franchising and management businesses; the Company's relationships with franchisees and property owners; the impact of war, terrorist activity, political instability or political strife; risks related to restructuring or strategic initiatives; the Company's ability to satisfy obligations and agreements under its outstanding indebtedness, including the payment of principal and interest and compliance with the covenants thereunder; risks related to the Company's ability to obtain financing and the terms of such financing, including access to liquidity and capital; and the Company's ability to make or pay, plans for, and the timing and amount of any future share repurchases and/or dividends, as well as the risks described in the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission and any subsequent reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, subsequent events or otherwise.
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SOURCE Wyndham Hotels & Resorts | https://www.mysuncoast.com/prnewswire/2022/05/11/wyndham-hotels-amp-resorts-declares-quarterly-cash-dividend/ | 2022-05-11T23:12:58Z |
Key highlights:
- The Deloitte Sustainability & Climate practice builds upon decades of experience and client service
- The Deloitte Center for Sustainable Progress will develop and deploy the latest thought leadership, research, and solutions
- Deloitte Sustainability & Climate will bring together advisory, assurance, audit, consulting, finance, and tax services and will equip Deloitte's 345,000 professionals and client network with the skillset and knowledge to further this societal imperative
NEW YORK, April 13, 2022 /PRNewswire/ -- Today, Deloitte announced a significant expansion and investment in Deloitte Sustainability & Climate, a global practice serving clients as they define a path to a more sustainable future. Deloitte's Sustainability & Climate capabilities will support clients as they redefine their strategies, embed sustainability into their operations, meet tax, disclosure, and regulatory requirements, and help them accelerate transformation of their organizations and value chains. Building upon decades of sustainability and climate client service, Deloitte is assembling one of the largest global networks of sustainability experience including an investment of US$1 billion in client-related services, data-driven research, and assets and capabilities.
"Taking action on climate change and sustainability more broadly is not a choice. It's an imperative. And we all have a role to play. But it's the business community that's best positioned to lead the way on this," says Punit Renjen, Deloitte Global CEO. "We have the resources, skills and influence to help build stronger and more sustainable communities. And it's our collective environmental and societal footprint that has the potential to make or break this decade of action. This is why we developed Deloitte Sustainability & Climate. It is our way of not only holding ourselves accountable for accelerating progress on the UN Sustainable Development Goals and commitments of the Paris Agreement, but effectively facilitating action across the business community."
The global practice will help clients to transform at scale with the launch of the new Deloitte Center for Sustainable Progress (DCSP). In collaboration with leading academic, policy, business, and governmental organizations, the DCSP network will focus on holistic, results-oriented thought leadership, data driven analysis, and accountability reporting to guide organizations through their sustainability journeys.
Deloitte will also build on its efforts of empowering individuals as part of its WorldClimate strategy by offering a robust curriculum of sustainability training courses to all 345,000 professionals along with its clients and suppliers. The curriculum will be offered virtually and through the network of Deloitte Universities.
Jennifer Steinmann will serve as the first-ever Deloitte Global Sustainability & Climate Leader. "We believe a better future is possible and getting there will depend on a profound and lasting change in attitude and behavior," says Steinmann. "Deloitte is committed to helping clients move from sustainability and climate commitments to action. We will do so by working with organizations to create a transformation plan as well as helping drive collaboration across a broader ecosystem―of suppliers, clients and customers, policymakers, and alliance partners across industries."
- Deloitte's carbon reduction goals are validated by the Science Based Targets initiative.
- Deloitte has committed to all three core initiatives of the Climate Group supporting the advancement of renewable electricity (RE100), electric vehicles adoption (EV100) and energy efficiency/productivity (EP100).
- Deloitte is a member of the First Movers Coalition and the Glasgow Financial Alliance for Net Zero and Punit Renjen, Deloitte Global CEO, is a member of the World Economic Forum's Alliance of CEO Climate leaders.
- Through WorldImpact, Deloitte has invested a total of USD $223M in our communities throughout FY2021, with a combined total of $1.15B in societal investments through FY2017 and FY2021.
Please visit Deloitte's website to learn more about Deloitte's Sustainability & Climate services and Deloitte's WorldClimate and WorldImpact strategies.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited ("DTTL"), its global network of member firms, and their related entities (collectively, the "Deloitte organization"). DTTL (also referred to as "Deloitte Global") and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more.
Deloitte provides industry-leading audit and assurance, tax and legal, consulting, financial advisory, and risk advisory services to nearly 90% of the Fortune Global 500® and thousands of private companies. Our professionals deliver measurable and lasting results that help reinforce public trust in capital markets, enable clients to transform and thrive, and lead the way toward a stronger economy, a more equitable society and a sustainable world. Building on its 175-plus year history, Deloitte spans more than 150 countries and territories. Learn how Deloitte's more than 345,000 people worldwide make an impact that matters at www.deloitte.com.
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SOURCE Deloitte Global | https://www.kxii.com/prnewswire/2022/04/13/deloitte-announces-1-billion-investment-global-sustainability-amp-climate-practice/ | 2022-04-13T12:28:49Z |
The four-day Summit included special events for leading civic organizers and a series of conversations from environmental and criminal justice to voter suppression and engaging Gen Z
LOS ANGELES, June 16, 2022 /PRNewswire/ -- Starting June 10th, When We All Vote hosted the first Culture of Democracy Summit featuring When We All Vote Co-Chairs Chris Paul, Selena Gomez, Liza Koshy, Bretman Rock and Kerry Washington, Former Attorney General Eric Holder, Magic Johnson, Doc Rivers, David Hogg and more. The four-day nonpartisan convening brought together artists, athletes, academics, grassroots organizers and business leaders to discuss the role different industries play in protecting and strengthening democracy through voter registration, education, mobilization and culture change.
More than 1,000 people convened at the Banc of California Stadium in Los Angeles for the final day of the Summit. A full list of speakers and the livestreams from both events are here. Photos and video footage available for members of the media are here.
Special Summit Announcements:
During the final day of the Summit, Lyft announced that the company will provide transportation grants to Historically Black College and University (HBCU) students participating in When We All Vote's VOTE LOUD HBCU Squad Challenge in the fall.
When We All Vote partnered with the Center for Media & Social Impact and MTV Entertainment Studios to release first-of-its-kind research examining how voting, civic engagement and civic leadership are shown in top entertainment programming. The study found that while TV show characters are often shown talking about contemporary civic and social issues, they are rarely shown taking leadership and acting to solve civic problems in their communities. The study also found that entertainment TV characters engage in voting behaviors in less than 1% of top-rated entertainment TV programming.
When We All Vote will use this research and partnership to launch a new initiative to create more diverse narratives around voting, civic engagement and public service. At the Summit, leading entertainment executives, producers and showrunners, including Adam Conover, Scott Budnick, Charles D. King and Wanda Sykes, discussed the importance of civics in storytelling.
Recap of the Four Day Culture of Democracy Summit
- Friday, June 10th: When We All Vote hosted the virtual day of the Culture of Democracy Summit with conversations on the state of democracy; environmental justice; reproductive rights; the faith community's role in protecting democracy; how the music industry can influence change; and gerrymandering. Speakers included Sherrilyn Ifill, Marc Elias, Eric Holder, Common, Chloe x Halle, Rev. Dr. William J. Barber II, Bishop Reginald T. Jackson, Allie Redhorse Young and Mini Timmaraju. When We All Vote also spotlighted leaders in the voting community from Nsé Ufot at the New Georgia Project to Maria Teresa Kumar from Voto Latino.
- Saturday and Sunday: When We All Vote hosted events for voting and advocacy organizations across the country to continue to build a culture of collaboration. The events included a Saturday convening with more than 80 leading organizers, and a conversation with Valerie Jarrett and Stephanie L. Young. On Sunday morning the group hiked to Griffith Observatory, led by renowned facilitator, Jovian Zayne. When We All Vote also hosted a reception featuring Ms. Tina and Richard Lawson, Harrison Barnes, Nikole Hannah Jones and more.
- Monday, June 13th: More than 1,000 people convened at the Banc of California Stadium in Los Angeles for the final day of the Summit. Out of an abundance of caution at the first Summit, When We All Vote created an event on the field for 1,000 guests max. Most attendees were invited from various industries, including entertainment, music, sports and academics, as well as grassroots organizers and leaders in technology, civics and corporations, while a small group of other attendees were able to purchase tickets online.
During the full day of programming, participants heard from Alexis McGill Johnson, Nikole Hannah Jones, Mary Kay Henry, Jeannie Mai Jenkins, Wanda Sykes, Maya Wiley, Doc Rivers, Deja Foxx and more. The day ended with a keynote speech from When We All Vote Co-Chair and Founder Michelle Obama, who was introduced by Co-Chair Selena Gomez. The Summit was produced by Live Nation Urban and MKG.
Culture of Democracy Awards
When We All Vote also announced the winners of the first-ever Culture of Democracy Awards. The awards recognized leaders across industries and communities doing critical work to strengthen and protect democracy through voter registration, mobilization and culture change. The awards were designed by artist Brandan "BMike" Odums.
The full list of Culture of Democracy Award winners is below:
- Outstanding When We All Vote Volunteer: Pat, When We All Vote Volunteer Chapter Leader in Mississippi
- Outstanding My School Votes Volunteer: Tiffany, Student at Elite Scholars Academy in Georgia
- Outstanding Grassroots Organization: Georgia Coalition for the People's Agenda
- Outstanding Community Partner: Alpha Kappa Alpha Sorority, Inc.
- Outstanding Music Partner: DJ D-Nice
- Outstanding Media Partner: POPSUGAR
- Outstanding Entertainment Partner: MTV Entertainment Studios
- Outstanding Athletic Partner: Atlanta Dream, WNBA
- Outstanding Business Leader: Glossier
- Outstanding Tech + Platforms Partner: Mobilize
- Outstanding Fashion + Beauty Partner: Aurora James
- Outstanding Creative Alliance Partner: Anomaly
Summit Investments
Throughout the weekend, When We All Vote invested in Black, Latinx, women and locally owned businesses, including Johnny's West Adams, Uncle Nearest Whiskey Sorel Liqueur, Loft & Bear Distillery, Pinch of Flavor, BBQ Smokehouse, Chomp Chomp, GoFusion, Bad Ass Burgers, Sabroso, El Mas Chignon, StopBye, Compton Vegan Flamin Grains and MKG.
When We All Vote, an initiative of Civic Nation, is a leading national, nonpartisan initiative on a mission to change the culture around voting and to increase participation in each and every election by helping to close the race and age gap. Created by Michelle Obama, When We All Vote brings together individuals, institutions, brands, and organizations to register new voters across the country and advance civic education for the entire family and voters of every age to build an informed and engaged electorate for today and generations to come. We empower our supporters and volunteers to take action through voting, advocating for their rights, and holding their elected officials accountable.
In 2020, When We All Vote ran a robust, multifaceted campaign and reached more than 100 million people to educate them about the voting process and get them registered and ready to vote. The initiative also led in voter education, registration, and volunteer engagement and as a result, 512,000 people started or completed the voter registration process, and nearly 500 media, corporate, and nonprofit partners joined its efforts.
Michelle Obama launched When We All Vote in 2018 and is joined by fellow Co-Chairs Tom Hanks, Lin-Manuel Miranda, Janelle Monáe, Chris Paul, Faith Hill, Selena Gomez, Liza Koshy, Megan Rapinoe, Shonda Rhimes, Tracee Ellis Ross, Kerry Washington, and Rita Wilson.
When We All Vote is a key initiative within Civic Nation, a 501(c)(3) organization, and works with Civic Nation Action, a 501(c)(4). These organizations are homes for changemakers who inspire, educate, and activate people around the issues that will define this generation.
Civic Nation is a nonpartisan, nonprofit home for changemakers who inspire, educate, and activate people around the issues that will define this generation. Civic Nation empowers and educates individuals, companies, institutions and organizations to drive culture, systems, and policy change, working towards a more inclusive and equitable America. Seven initiatives are a part of the Civic Nation family: When We All Vote, United State of Women, ALL IN Campus Democracy Challenge, End Rape On Campus, It's On Us, Made to Save and We The Action. Learn more here.
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SOURCE When We All Vote | https://www.wibw.com/prnewswire/2022/06/16/michelle-obamas-when-we-all-vote-brings-together-cultural-leaders-across-industries-first-culture-democracy-summit/ | 2022-06-16T21:59:55Z |
SALT LAKE CITY, Aug. 9, 2022 /PRNewswire/ -- England Logistics, one of the nation's top freight brokerage firms, has been featured in Selling Power's 22nd annual 50 Best Companies to Sell For list. This list showcases companies leading the charge in perseverance and determination despite facing the worst inflationary period in decades.
Companies that made the list were evaluated in the following areas: company overview, compensation and benefits, hiring, sales training and enablement, and diversity and inclusion. The scoring process for this list continues to evolve each year. This year more aspects of culture were considered in the rankings.
"It is an honor to be ranked 25th on Selling Power's list," said Jason Beardall, CEO of England Logistics. "We are proud to offer an environment for our team members that ranks among the nation's best. Our commitment to developing an organizational culture where individuals thrive and succeed is essential to England Logistics."
Companies were scored uniquely for the evaluation of compensation packages, training and coaching, onboarding, and sales enablement strategies and culture. Data for categories such as compensation were ranked individually while training began with a base level and was then scored in varying degrees.
England Logistics offers a vast portfolio of non-asset based transportation solutions, including full truckload services, intermodal, dry and temp-controlled less-than-truckload, parcel, and complete supply chain management. The company was recently recognized among the 50 Best Companies to Sell For by Selling Power magazine, received the Apex Training award from Training magazine, and has been awarded multiple Stevie® Awards by the American Business Awards. Headquartered in Salt Lake City, Utah, the company also has offices nationwide. For more information, visit www.englandlogistics.com.
Contact: Wendy Barclay
England Logistics
801.656.4718
wbarclay@englandlogistics.com
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SOURCE England Logistics, Inc. | https://www.wibw.com/prnewswire/2022/08/09/england-logistics-ranked-among-nations-50-best-companies-sell/ | 2022-08-09T15:51:53Z |
SUZHOU, China, June 14, 2022 /PRNewswire/ -- Kintor Pharmaceutical Limited ("Kintor Pharma", HKEX: 9939), a clinical-stage biotechnology company developing innovative small molecules and biological therapeutics, today announced that its "clinical trial cooperative research and development and overseas application demonstration of the anti-COVID-19 drug (pruxelutamide, used to be called proxalutamide)" project was selected as one of the Belt and Road Innovation Cooperation Projects and was included in the list of proposed projects for special fund supported by the Jiangsu Provincial Department of Science and Technology (Innovation Support Plan for International Science and Technology Cooperation/Hong Kong, Macao, and Taiwan Science and Technology Cooperation). Kintor Pharma and Etana, an Indonesian company, developed the project together.
The fund was built by the Jiangsu Provincial Department of Science and Technology and the Department of Finance. By integrating and allocating resources to improve innovation in the Jiangsu Province, the fund will focus on supporting industrial research and development, innovation, and high-quality development with countries and regions worldwide involved in the Belt and Road project. The Belt and Road Innovation Cooperation Project is required to support international R&D, technology transfer, and overseas demonstrations of projects in the countries involved in the Belt and Road project. The project must also promote technology or products from the Jiangsu Province globally while promoting open cooperation in innovation.
Pruxelutamide's inclusion in the Belt and Road Innovation Cooperation Project is based on Kintor Pharma and Etana's collaboration on the clinical development and commercialization of pruxelutamide for the treatment of COVID-19 in Indonesia. The project's success serves as recognition of Kintor's R&D and innovation capabilities. The company will continue to focus on improving its R&D capabilities along with industrial innovation to promote open global cooperation in biotech.
About Pruxelutamide
Pruxelutamide is an ACE2 (angiotensin-converting enzyme 2) and TMPRSS2 (transmembrane protease, serine 2) proteins inhibitor that inhibits the entry of the SARS-CoV-2 virus into host cells. For COVID-19 patients with early symptoms, targeting the ACE2/TMPRSS2 signal axis by pruxelutamide could significantly inhibit the entry of the virus into host cells. For severe patients, pruxelutamide promotes the clearance of pathogens and decreases inflammation by activating the Nrf2 pathway, which inhibits the over-production of IL-6, proinflammatory cytokines, and chemokines, thus minimizing cytokine storms and tissues damage. In this way, pruxelutamide might be well-positioned as an effective drug for COVID-19 patients from early symptoms to hospitalized/severe conditions.
On August 25 2021, Kintor Pharma announced that it had entered into a licensing agreement with PT Etana Biotechnologies Indonesia, for the commercialization of proxalutamide for the treatment of COVID-19 in Indonesia.
About Kintor Pharmaceutical Limited
Kintor Pharmaceutical Limited is developing and commercializing a robust pipeline of innovative small molecule and biological therapeutics for androgen-receptor-related disease areas with unmet medical needs, including COVID-19, prostate, breast and liver cancers, alopecia and acne. For more information, visit www.kintor.com.cn.
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SOURCE Kintor Pharma | https://www.wibw.com/prnewswire/2022/06/14/kintor-pharma-etanas-collaboration-pruxelutamides-covid-19-project-awarded-with-belt-road-innovation-project-fund-support-science-technology-department-jiangsu-province/ | 2022-06-14T05:35:19Z |
Friday forecast: More seasonal highs today
Staying mild this weekend
TOPEKA, Kan. (WIBW) - After a couple cool days, temperature are going to be warming back in the 60s for most areas not only today but into the weekend.
There will be several chances for rain in the next 8 days however none that stand out as significant widespread ‘drought’ busters. This means there aren’t any widespread rain chances that models have remained consistent on. There is a low to no chance for t-storms with any rain chances that move through for the next 8 days.
You’ll also notice a lot of cloud cover for most days in the 8 day forecast however there will be sun at times on several of the days so this will be fine-tuned each day.
Today: Increasing Clouds. Slight chance of rain in north-central KS after 4pm. Highs in the low-mid 60s. Winds S 5-15, gusts around 25 mph.
Tonight: Scattered rain showers through 3am. Most spots will likely get less than 0.10″. Lows in the upper 30s-low 40s. Winds S/W 5-15 mph.
Tomorrow: Sunny. Highs in the low-mid 60s. Winds NW 5-15, gusts around 20 mph.
Sunday: Partly to mostly cloudy. Highs in the mid 60s to around 70°. Winds S 5-15, gusts around 25 mph.
The rain chance has been removed for Sunday night as most models keep the area dry with a better chance for rain moving in late Monday into Monday night. As of now it looks like most of Tuesday is dry with another chance of rain moving in Tuesday night. Depending how much cloud cover there is will depend on how warm it will get.
Taking Action:
1. Most of the rain late this afternoon and tonight will be light so if you have outdoor plans, the impacts will be low. No risk for lightning and rain won’t be heavy although it could be a brief light steady rain for a period of time.
2. While most of the rain next work week will be at night, keep checking the forecast daily in case confidence increases that rain could impact part of the daytime hours.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/04/01/friday-forecast-more-seasonal-highs-today/ | 2022-04-01T09:39:43Z |
MADRID (AP) — Spain’s Civil Guard says it is investigating a businessman in the eastern Valencia region who owned a private taxidermy collection with more than 1,000 stuffed animals, including just over 400 from protected species and at least one specimen of a North African oryx, already extinct.
The collection would fetch 29 million euros ($31.5 million) on the black market, the Civil Guard said Sunday in a statement, adding that its owner could be charged with trafficking and other crimes against the environment.
It said the finding was the largest of protected stuffed specimens in Spain.
Investigating agents found the stuffed animals in two warehouses extending over 50,000 square meters on the outskirts of Bétera, a small town north of the eastern coastal city of Valencia.
Of the 1,090 stuffed animals found, 405 belonged to specimens protected by the CITES convention on wildlife protection.
They included the scimitar oryx, also known as the Sahara oryx, which the International Union for the Conservation of Nature, or IUCN, declared extinct in the wild in 2000, and at least two more species nearly extinct: the addax, or white antelope, originally from the Sahara desert and the Bengal tiger.
The agents also recorded stuffed specimens of cheetah, leopard, lion, lynx, polar bear, snow panther and white rhinoceros, among others, as well as 198 large ivory tusks from elephants.
The Civil Guard said it would investigate whether any documents exist justifying the ownership of the collection. | https://cw33.com/strange-news/ap-strange-news/spain-probes-private-taxidermy-museum-with-1000-animals/ | 2022-04-11T06:55:15Z |
FRANKLIN LAKES, N.J., Aug. 24, 2022 /PRNewswire/ -- BD (Becton, Dickinson and Company) (NYSE: BDX), a leading global medical technology company, today announced that it will present at the Wells Fargo 2022 Healthcare Conference on Wednesday, September 7, 2022 at 12:30pm Eastern Time.
The live webcast of BD's presentation can be accessed from the BD investor relations website, investors.bd.com. A replay of the event will be available on the same webpage following its conclusion.
About BD
BD is one of the largest global medical technology companies in the world and is advancing the world of health by improving medical discovery, diagnostics and the delivery of care. The company supports the heroes on the frontlines of health care by developing innovative technology, services and solutions that help advance both clinical therapy for patients and clinical process for health care providers. BD and its 75,000 employees have a passion and commitment to help enhance the safety and efficiency of clinicians' care delivery process, enable laboratory scientists to accurately detect disease and advance researchers' capabilities to develop the next generation of diagnostics and therapeutics. BD has a presence in virtually every country and partners with organizations around the world to address some of the most challenging global health issues. By working in close collaboration with customers, BD can help enhance outcomes, lower costs, increase efficiencies, improve safety and expand access to health care. For more information on BD, please visit bd.com or connect with us on LinkedIn at www.linkedin.com/company/bd1/ and Twitter @BDandCo.
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SOURCE BD (Becton, Dickinson and Company) | https://www.kxii.com/prnewswire/2022/08/24/bd-present-wells-fargo-2022-healthcare-conference/ | 2022-08-24T21:41:30Z |
Country
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LOS ANGELES, Aug. 10, 2022 /PRNewswire/ -- Clubhouse Media Group, Inc. (OTCMKTS: CMGR) ("CMGR"), an influencer-based social media firm and digital talent management agency, announced that they have finalized a brand promotional deal, through its majority held subsidiary The Reiman Agency, with Donovan McNabb. McNabb played 13 seasons in the NFL, primarily with the Philadelphia Eagles. During his tenure, he became the Eagles all-time leader in passing attempts, completions, yards, and touchdowns. McNabb led the team eight postseason appearances and a Super Bowl. He was selected to the Pro Bowl six times. His exceptional performance over the years earned him the honor of having his No. 5 jersey retired by the Eagles in 2013.
"Donovan is an incredible talent, and it has been a pleasure to work with him and his team on what I believe will be the first of many partnerships we work on together." said Alden Reiman, President of The Reiman Agency.
CMGR offers management, production, and deal-making services to its handpicked influencers, a management division for individual influencer clients, and an investment arm for joint ventures and acquisitions for companies in the social media influencer space.
Follow CMGR on Twitter: https://twitter.com/ClubhouseCMGR
FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements". Forward-looking statements also may be included in other publicly available documents issued by CMGR and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance.
Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.
Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause CMGR's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited to economic conditions, changes in the laws or regulations, demand for CMGR's products and services, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Any forward-looking information provided in this release should be considered with these factors in mind. We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks described in our filings with the Securities and Exchange Commission from time to time, including our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Forms 10-Q and Current Reports on Form 8-K, which are available on the Securities and Exchange Commission's website at sec.gov. We assume no obligation to update any forward-looking statements contained in this press release.
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SOURCE Clubhouse Media Group, Inc. | https://www.kxii.com/prnewswire/2022/08/10/clubhouse-media-group-inc-closes-promo-deal-with-donovan-mcnabb-iconic-eagles-quarterback/ | 2022-08-10T13:21:58Z |
BERKELEY, Calif., June 1, 2022 /PRNewswire/ -- A hotly anticipated mindfulness podcast has launched in response to an urgent need for innovative tools to cope with stress during these challenging times.
With this podcast, Mindfulness Exercises, the popular online resource for mindful living, brings people new ways to experience greater present-moment awareness, self-compassion, and inspiration for sharing the fruits of their mindfulness with others.
Since 2015, more than 7 million people have benefited from Mindfulness Exercises' range of premium mindfulness trainings. Now, this podcast takes listeners on guided experiential journeys that include fascinating insights and meditation practices for mindfulness practitioners and teachers alike.
"Now more than ever, with stressors and addictions on the rise, people are looking for healthier ways to cope with life's challenges," said Sean Fargo, mindfulness trainer and founder of Mindfulness Exercises.
"Each episode offers innovative, research-backed tools to transform anxiety, stress and depression with self-compassion and mindful presence," he added.
Sean Fargo also shares insights from his unique experiences as a:
- Buddhist monk for 2 years
- mindfulness consultant for Fortune 500 companies (Tesla, Ernst & Young, Kaiser Permanente)
- mindfulness teacher trainer for the E.P.A, Canadian Olympic Team, and Navy Seals
Along with Fargo, globally renowned teachers like Sharon Salzberg, Dr. Gabor Maté, Dr. Judson Brewer and Dr. Rick Hanson offer insights and evidence-based exercises that anyone can apply at work or at home.
Listeners can look forward to episodes that feature:
- How mindfulness can soften our inner critic, lower anxiety, and reduce insomnia
- Mindfulness practices that are trauma sensitive, rather than trauma focused or trauma avoidant
- How to teach mindfulness and meditation with confidence, compassion, and credibility
Tune into this new podcast on any major podcast platform, including Apple Podcasts, Spotify, Google Podcasts, and Audible.
Learn more at: https://mindfulnessexercises.com/podcast/
About Us
Mindfulness Exercises is an online platform which shares resources and trainings for mindfulness practitioners and teachers alike.
Our intention is to encourage mindfulness and meditation practice around the world, regardless of religion, race or socio-economic background.
By 2025, we hope to have shared mindfulness practices with over 200 million people in the following ways:
- By supporting individuals in their pursuit of a consistent and meaningful mindfulness practice.
- By training mindfulness teachers to skillfully and compassionately share mindfulness with others.
- By bringing mindfulness to organizations and governmental agencies to inspire more conscious service.
Find out more at MindfulnessExercises.com
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SOURCE Mindfulness Exercises | https://www.mysuncoast.com/prnewswire/2022/06/01/new-podcast-mindfulness-exercises-inspires-self-compassion-presence-resilience-these-challenging-times/ | 2022-06-01T17:04:51Z |
NEW YORK, May 17, 2022 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, announced today that its Board of Directors declared a quarterly cash dividend on the Company's common stock of $0.40 per share, which will be payable on July 29, 2022 to shareholders of record on July 15, 2022.
Foot Locker, Inc. leads the celebration of sneaker and youth culture around the globe through a portfolio of brands including Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, atmos, WSS, and Sidestep. With approximately 2,900 retail stores in 28 countries across North America, Europe, Asia, Australia, and New Zealand as well as websites and mobile apps, the Company's purpose is to inspire and empower youth culture around the world, by fueling a shared passion for self-expression and creating unrivaled experiences at the heart of the global sneaker community. Foot Locker, Inc. has its corporate headquarters in New York. For additional information please visit https://www.footlocker-inc.com.
Contact:
Robert Higginbotham
Vice President, Investor Relations
robert.higginbotham@footlocker.com
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SOURCE Foot Locker IR | https://www.wibw.com/prnewswire/2022/05/17/foot-locker-inc-declares-quarterly-dividend-040-per-share/ | 2022-05-17T22:42:59Z |
FORT COLLINS, Colo., July 5, 2022 /PRNewswire/ -- STOW IT, a Colorado-based start-up, has become the largest vehicle storage provider in Denver, returning over $200 million to the city. STOW IT works with locals that have extra space to connect with those who need storage for cars, boats, RVs, and other vehicle storage. They are expanding nationwide and looking to bring those with extra space passive income through vehicle storage.
Any business or individual with extra space can become a host on STOW IT. The company features many different types of hosts with different types of spaces including:
- Commercial Storage
- Individually Owned Storage
Being a host on STOW IT is super convenient because they offer the following to make renting out your space simple:
- Reservation booking
- Payment processing
- Guaranteed payments: you will always get paid on time, even if your renter is late on their payment
- Hands-on support from their experienced customer service team
Listing your space on STOW IT is very easy. Within ten minutes you can have your space listed on STOW IT and automatically marketed to their 15,000 plus individuals who visit their site each month. You control every aspect of renting your space out, how much you make, and what items you can store.
If you have extra space and you are looking to make passive income from it, you can sign up to become a host here.
Contact: info@stowit.com
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SOURCE STOW IT | https://www.kxii.com/prnewswire/2022/07/05/stow-it-airbnb-car-storage-is-looking-hosts-atlanta/ | 2022-07-05T19:12:12Z |
Former Riverstone European General Counsel and Head of ESG Joins Petra as Head of Europe.
Industry Recognized Regulatory Compliance Expert Joins Petra as Director of Compliance.
NEW YORK and LONDON, July 21, 2022 /PRNewswire/ -- Petra Funds Group ("Petra"), a leading independent private funds administrator, today announced the opening of its London office, which will be led by former Riverstone European General Counsel and Head of ESG, Charlie Chipchase.
Mr. Chipchase, an experienced in-house private equity lawyer with over 20 years of experience, will focus on expanding Petra's European footprint with an emphasis on maintaining the same commitment to delivering a best-in-class fund administration solution for private equity, venture capital, and private debt funds.
Mr. Chipchase joins Petra from Riverstone, where he managed legal, compliance, and regulatory matters across multiple funds, capital strategies, and jurisdictions. At Riverstone, he built out and led all aspects of Riverstone's ESG program and was a member of the firm's ESG and D&I committees.
"It is an exciting time to be joining Petra and great to be teaming up with my former Riverstone colleagues," commented Charlie. "There are obviously a number of outsourced fund administration providers, but I feel Petra offers something unique to GPs, namely an outsourced fund administration business provided by seasoned professionals who think like private equity CFOs and COOs because that is their background – at a time that the weight of middle and back-office burdens is set to grow."
Petra is also excited to announce that Louis Sweeney has joined the firm as its Director of Compliance. Mr. Sweeney has over a decade of US regulatory compliance experience, which he obtained from a combination of working in-house, at FINRA, and in a compliance consulting capacity. Prior to joining Petra, Mr. Sweeney advised a wide range of broker-dealers and investment managers on various regulatory and compliance matters, including developing and maintaining compliance programs reasonably designed to achieve compliance with complex federal securities laws and regulations.
"Back-office services such as compliance are an integral part of an investment manager's overall success in the ultra-competitive private markets sector," said Louis. "Over the past several years, the SEC has heightened its scrutiny of private fund managers and has proposed sweeping changes to the regulatory landscape. I am very excited to join an all-in-one fund solution provider that enables us to work seamlessly across business units to support investment managers in meeting their reporting and compliance obligations."
Petra is led by former Riverstone General Counsel and CAO Stephen Coats and CFO Peter Haskopoulos, who head a team of over 50 fund administration professionals across the US and Europe. Petra works with GPs from first-time funds to large established managers seeking to build or improve their operational infrastructure to allow their businesses to scale.
"We are thrilled to have two industry-heavy hitters join Petra," said Stephen, Managing Partner. "Charlie's legal background, private equity experience, and understanding of what it takes to build out a comprehensive ESG program for a $40+ billion fund will be incredibly valuable to Petra's clients. Louis brings our firm additional expertise in the compliance space. At Petra, we are focused on hiring talent that has honed their craft for years on the field of play."
About Petra Funds Group
Petra Funds Group is a leading fund administration provider to global private equity, venture capital, and private debt funds. The firm is the first to deliver comprehensive fund administration and related middle and back-office services, offering global private fund managers an enhanced, data-driven solution. Our services include fund administration, investor servicing, regulatory compliance, management company services, and ESG advisory services. Petra offers fund managers a best-in-class solution of people, back-office services, and technology, enabling general partners to focus on their internal operations, investments, and investor relationships. Petra has offices in New York, London, Amsterdam, and Los Angeles and administers funds and structures in excess of $40 billion in assets.
Learn more about Petra Funds Group by visiting www.petrafundsgroup.com.
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SOURCE Petra Funds Group | https://www.mysuncoast.com/prnewswire/2022/07/21/petra-funds-group-expands-european-footprint-with-new-esg-hire-bolsters-us-compliance-function/ | 2022-07-21T12:46:13Z |
NEW YORK, June 24, 2022 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Arqit Quantum Inc. f/k/a Centricus Acquisition Corp. (NASDAQ: ARQQ).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/arqit-quantum-inc-f-k-a-centricus-acquisition-corp-loss-submission-form/?id=29044&from=4
This lawsuit is on behalf of: (i) all persons or entities who purchased or otherwise acquired Arqit securities between September 7, 2021 and April 18, 2022, inclusive; and/or (ii) all holders of Centricus securities as of the record date for the special meeting of shareholders held on August 31, 2021 to consider approval of the merger between Arqit and Centricus (the "Merger") and entitled to vote on the Merger.
Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until July 5, 2022 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
According to a filed complaint, Arqit Quantum Inc. f/k/a Centricus Acquisition Corp. issued materially false and/or misleading statements and/or failed to disclose that: (1) Arqit's proposed encryption technology would require widespread adoption of new protocols and standards for telecommunications; (2) British cybersecurity officials questioned the viability of Arqit's proposed encryption technology in a meeting in 2020; (3) the British government was not an Arqit customer but, rather, providing grants to Arqit; (4) Arqit had little more than an early-stage prototype of its encryption system at the time of the Merger; and (5) as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law | https://www.wibw.com/prnewswire/2022/06/24/arqq-shareholder-alert-jakubowitz-law-reminds-arqit-quantum-inc-fka-centricus-acquisition-corp-shareholders-lead-plaintiff-deadline-july-5-2022/ | 2022-06-24T10:43:32Z |
Taylor Swift celebrates Record Store Day with limited-edition vinyls
By Zoe Sottile, CNN
Taylor Swift is this year’s global ambassador for Record Store Day on Saturday — and she’s marking the occasion with a special limited release on vinyl.
Record Store Day encourages music fans to support independent record stores, say organizers. The tradition was started in 2008 by independent record store owners and employees to honor their “unique culture.” It’s celebrated around the world.
Saturday on Instagram, Swift said she is “honored to be this year’s Global Ambassador and glad we get to celebrate these sacred and important places now more than ever.”
The star released a two-sided 7-inch clear vinyl record containing two versions of her song “The Lakes” from her 2020 album “Folklore.” Only 10,000 copies of the vinyl are available.
More than 300 new releases go on sale Saturday. Other artists releasing special-edition vinyl recordings to mark the occasion include Madonna, Blondie, Mariah Carey, Childish Gambino, the Foo Fighters, and Kacey Musgraves.
Some are printed on colored vinyl, including a 50th anniversary release of “More Hot Rocks (Big Hits & Fazed Cookies)” by the Rolling Stones on glow-in-the-dark vinyl, and Nicki Minaj’s “Beam Me Up Scotty” issued on a marbled fuchsia vinyl.
Some releases also include rare cuts. “The Brilliant Adventure EP” features four previously unreleased songs by the late David Bowie.
The limited-edition releases are available at participating record stores listed on the Record Store Day website.
Last year, Record Store Day served as an important beacon of hope for small businesses hard-hit by the COVID-19 pandemic. Whereas in past years many record stores held live performances and events to celebrate Record Store Day, since 2020 many stores have had to scale back their celebrations or pivot to online events.
“We are so happy to be back in record stores today!” wrote Record Store Day on Twitter. “Thank you for celebrating the culture of the indie record store.”
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/entertainment/cnn-entertainment/2022/04/23/taylor-swift-celebrates-record-store-day-with-limited-edition-vinyls/ | 2022-04-23T18:02:01Z |
Moving beyond masks: Biden toils to put pandemic behind him
WASHINGTON (AP) — President Joe Biden’s administration has been working for months to prepare people to rethink their personal risk calculations as the nation gets used to the idea of living with an endemic COVID-19.
But that measured approach disappeared abruptly when a federal judge on Monday threw out the federal requirement to mask up when using mass transit. The ruling added to the urgency of the messaging challenge as the administration tries to move past the virus in the lead-up to midterm elections.
After the government last month eased indoor mask-wearing guidelines for the vast majority of Americans – even in schools — masking on planes was one of the last redoubts of the national COVID-19 restrictions. Now, as the policy falls, the administration turns to accelerating its efforts to provide the best advice for millions making their own personal safety decisions in the still-dangerous pandemic.
It’s both a public health imperative and an important shift in emphasis for Biden’s political future.
“There is an opportunity now, instead of saying this is a disappointing ruling, they could say this is a good time to have a conversation about how we move forward in this pandemic about risk calculation,” said Dr. Amesh Adalja an infectious disease physician and a senior scholar at the Johns Hopkins Center for Health Security.
“With COVID-19, I think we’re at a point with immunity from prior infections, vaccines, home tests and treatments that we can start to manage this the way we manage other infectious diseases,” he said.
Biden himself went all-in on flexibility Tuesday when asked if Americans should mask up on planes.
“That’s up to them,” Biden declared during a visit to Portsmouth, New Hampshire. But his own White House nonetheless continues to require face coverings for those traveling with him on Air Force One, citing guidance from the Centers for Disease Control and Prevention.
The shift toward less formal regulation was actually previewed in a 100-page plan released by the White House coronavirus response team in February. Back then, administration officials had hoped that children under 5 would be eligible for vaccination by now — a move that would have eased the concern of millions of parents and provided the umbrella of protection to nearly everyone in the U.S. who wanted it.
Monday’s court order lifting the mask mandate came at a crossroads in the nation’s pandemic response, just shy of a year to the day from when all American adults were eligible for vaccination against COVID-19. The ruling sent government agencies and the White House scrambling to comply, but that didn’t stop momentary confusion among travelers as airlines and airports dropped their mask requirements — in some cases mid-flight.
The administration stressed that Americans should still comply with CDC recommendations to wear face coverings, even in the absence of the mandate. Biden’s press secretary, Jen Psaki, said as much just an hour before his “up to them” comment.
“The CDC continues to advise and recommend masks on airplanes. We’re abiding by the CDC recommendations, the president is, and we would advise all Americans to do that,” she said.
Psaki on Tuesday indicated that while the administration was disappointed with the ruling, it didn’t rank with Congress’ inability to reach a compromise on additional COVID funding to purchase booster shots and antiviral treatments.
“Those are our biggest concerns,” she said.
Face-covering requirements, which have proven to lower the risks of infection, have grown increasingly political in the U.S. over the last year, particularly as cases and severe outcomes have fallen.
The lingering mandate for public transit and air travel served as a daily reminder for many people that the pandemic they badly wanted to be over was still affecting their lives, even if vaccinations and antiviral treatments had dramatically lowered their risk. For others who are still fearful of the virus, each roll-back of pandemic restrictions has sparked fresh disquiet — and in some cases criticism of the Biden administration.
“There are still a lot of people in this country who still want to have masks in place — either they have immunocompromised relatives, they have kids under 5, whatever it may be,” said Psaki.
Monday’s court ruling hastened an outcome that was likely coming in weeks anyway. Many administration officials believed that last week’s 15-day extension of the mask order to May 3 would be the last. The public health agency had asked for the additional time to monitor whether a recent rise in infections would result in increased hospitalizations or deaths. So far it hasn’t.
The court’s order caught the administration by surprise and left it struggling to grasp its impact — both on the requirement’s end and on CDC’s authorities going forward.
“CDC scientists had asked for 15 days to make a more data-driven durable decision,” Dr. Aashish Jha, the new White House COVID-19 coordinator, tweeted on Tuesday. “We should have given it to them.”
The uptick in cases and a recent spate of positive cases in Biden’s orbit — including second gentleman Doug Emhoff and House Speaker Nancy Pelosi — was a potent reminder that the virus isn’t going away.
Biden, 79, was never identified as a “close contact” under CDC guidelines, the White House said, and officials emphasized that he is strongly protected against the virus by being vaccinated and twice-boosted.
Controlling the virus that has killed 986,000 Americans has been a priority for Biden since taking office. The U.S. now averages about 35,000 confirmed cases per day, down from a high of more than 806,000 during January’s omicron surge, but up slightly from lows of about 26,000 a month ago. Those figures are surely an undercount since many people don’t report the results of at-home tests to public health authorities.
___
AP writer Chris Megerian in Portsmouth, New Hampshire contributed.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/04/19/moving-beyond-masks-biden-toils-put-pandemic-behind-him/ | 2022-04-19T23:49:33Z |
Published: Aug. 4, 2022 at 5:30 AM CDT|Updated: 37 minutes ago
TORONTO, Aug. 4, 2022 /PRNewswire/ -- Thomson Reuters (TSX/NYSE: TRI) today reported results for the second quarter ended June 30, 2022:
Strong revenue and sales growth continued in the second quarter
Organic revenue up 7% for the "Big 3" segments (Legal Professionals, Corporates and Tax & Accounting Professionals)
Raised full-year 2022 revenue guidance
Change Program on track - $369 million run-rate operating expense savings through June 30
Repurchased $394 million of company shares through July 31 under the $2 billion share buyback program announced on June 8, 2022
"The momentum that has been building in our businesses continued in the second quarter, with revenues again ahead of our expectations. Leading indicators remain healthy, and we have a resilient, highly recurring business serving growing industries. This positioning and a strong first half give us confidence we are on the right path to achieve our 2022 and 2023 targets," said Steve Hasker, President and CEO of Thomson Reuters.
Mr. Hasker added, "Our businesses are benefitting from what we believe are multi-year tailwinds driven by a step change in the complexity of compliance in our legal, tax, and risk-related markets. Against this backdrop, we remain focused on investing in our businesses and effectively allocating capital as we work to translate our current momentum into sustainable long-term value creation."
Consolidated Financial Highlights - Three Months Ended June 30
Revenues increased 5%, driven by growth across four of the company's five business segments. Foreign currency had a 2% negative impact on revenues.
Organic revenues increased 7%, driven by 7% growth in recurring revenues (80% of total revenues) as well as 13% growth in transactions revenues. Global Print revenues decreased 1% organically.
The company's "Big 3" segments (Legal Professionals, Corporates and Tax & Accounting Professionals) reported organic revenue growth of 7% and collectively comprised 80% of total revenues.
Operating profit increased 24% as higher revenues more than offset higher costs, which included investments associated with the Change Program.
Adjusted EBITDA increased 12% due to the same factors as operating profit. The related margin increased to 34.7% from 32.7% in the prior-year period, of which foreign currency contributed 90bp. Investments in the Change Program negatively impacted the second quarter of 2022 adjusted EBITDA margin by 190bp.
Diluted (loss) per share of $(0.24) included a significant reduction in the value of the company's investment in London Stock Exchange Group (LSEG). Diluted earnings per share of $2.15 in the prior-year period included a significant increase in the value of the company's investment in LSEG.
Adjusted EPS, which excludes the change in value of the company's LSEG investment, and other adjustments, increased to $0.60 per share from $0.48 per share in the prior-year period, primarily due to higher adjusted EBITDA.
Net cash provided by operating activities decreased $29 million as higher payments associated with the Change Program as well as higher tax payments more than offset the cash benefits from higher operating profit.
Free cash flow decreased $37 million due to lower cash flows from operating activities and higher capital expenditures primarily associated with the Change Program.
Highlights by Customer Segment - Three Months Ended June 30
Unless otherwise noted, all revenue growth comparisons by customer segment in this news release are at constantcurrency (or exclude the impact of foreign currency) as Thomson Reuters believes this provides the best basis to measure their performance.
Legal Professionals
Revenues increased 6% (all organic) to $700 million.
Recurring revenues grew 6% (94% of total, 7% organic), primarily due to strong performances from Westlaw, Practical Law, FindLaw and the Government business.
Transactions revenues decreased 3% (6% of total, decreased 1% organic).
Adjusted EBITDA increased 7% to $304 million.
The margin increased to 43.4% from 42.3%, primarily due to higher revenues and Change Program savings.
Corporates
Revenues increased 9% (all organic) to $373 million. Revenues benefited from transactional revenue strength that we do not expect to recur at the same level in the second half of this year as the second-quarter performance was seasonal in nature.
Recurring revenues grew 9% (86% of total, all organic), driven by CLEAR, Practical Law and Indirect Tax.
Transactions revenues grew 8% (14% of total, all organic), driven by Trust, Confirmation as well as the company's businesses in Latin America and Asia & Emerging Markets.
Adjusted EBITDA increased 9% to $139 million.
The margin increased to 37.4% from 37.0%, as higher revenues more than offset higher expenses.
Tax & Accounting Professionals
Revenues increased 10% (9% organic) to $217 million.
Recurring revenues grew 11% (77% of total, all organic), driven by strong growth from Ultra Tax, audit products and the segment's Latin America business.
Transactions revenues increased 5% (23% of total, all organic), primarily driven by Confirmation.
Adjusted EBITDA increased 12% to $81 million.
The margin increased to 37.4% from 36.5%, primarily due to higher revenues and Change Program savings.
The Tax & Accounting Professionals segment is the company's most seasonal business with approximately 60% of full-year revenues typically generated in the first and fourth quarters. As a result, the margin performance of this segment has been generally higher in the first and fourth quarters as costs are typically incurred in a more linear fashion throughout the year.
Reuters News
Revenues of $188 million increased 12% (all organic), primarily driven by the Professional business and the flow-through of the annual increase in the company's news agreement with the Refinitiv business of LSEG. The Professional business benefited from timing shifts in Reuters Events as more events were hosted in the second quarter of this year rather than the second half, which is a return to the pre-COVID cadence. The Reuters Events business also benefited from a return to in-person events from primarily virtual events last year.
Adjusted EBITDA increased 26% to $44 million, primarily due to higher revenues.
Global Print
Revenues decreased 1% (all organic), which was better than the decline the company expected due to higher third-party revenues for printing services and the timing of new sales.
Adjusted EBITDA decreased 9% to $50 million.
The margin decreased to 35.4% from 37.9% due to the decrease in revenues and the dilutive effect of third-party print revenue.
Corporate Costs
Corporate costs at the adjusted EBITDA level were $57 million and included $30 million of Change Program costs. Corporate costs were $76 million in the prior-year period and included $41 million of Change Program costs. Additional information regarding the Change Program is provided below.
Consolidated Financial Highlights - Six Months Ended June 30
Revenues increased 6%, driven by growth across four of the company's five business segments. Foreign currency had a 1% negative impact on revenues.
Organic revenues increased 7%, driven by 7% growth in recurring revenues (79% of total revenues) as well as 10% growth in transactions revenues. Global Print revenues decreased 1% organically.
The company's "Big 3" segments reported organic revenue growth of 7% and collectively comprised 81% of total revenues.
Operating profit increased 15% as higher revenues more than offset higher costs, which included investments associated with the company's Change Program.
Adjusted EBITDA increased 10% reflecting the same factors that impacted operating profit. The related margin increased to 35.3% from 34.1% in the prior-year period, of which foreign currency contributed 50bp. Investments associated with the Change Program negatively impacted the adjusted EBITDA margin by 190bp in the six months of 2022.
Diluted EPS was $1.83 per share compared to $12.28 per share in the prior-year period. The prior-year period included a gain of approximately $8.1 billion on the sale of Refinitiv to LSEG.
Adjusted EPS, which excludes the gain on the sale of Refinitiv, as well as other adjustments, increased to $1.26 per share from $1.06 per share in the prior-year period, primarily due to higher adjusted EBITDA.
Net cash provided by operating activities decreased $134 million due to higher payments associated with the Change Program, higher tax payments and higher annual incentive plan bonuses.
Free cash flow decreased $190 million due to lower cash flows from operating activities and higher capital expenditures, primarily associated with the Change Program.
Highlights by Customer Segment - Six Months Ended June 30
Change Program
In February 2021, the company announced a two-year Change Program to transition from a holding company to an operating company, and from a content provider to a content-driven technology company. The company is 18 months into the program, which is expected to be largely complete by the end of 2022. The program is projected to require an investment of approximately $600 million during that time of which $424 million has been invested as of June 30, 2022. The company continues to anticipate that Change Program spending will be approximately 60% operating expenses and 40% capital expenditures.
2022 and 2023 Outlook
The company's updated outlook for 2022 and reaffirmed outlook for 2023 (which is reflected in the table below) incorporates the forecasted impacts associated with the Change Program, assumes constant currency rates, and excludes the impact of any future acquisitions or dispositions that may occur during those periods. Thomson Reuters believes that this type of guidance provides useful insight into the performance of its businesses.
The company expects its third-quarter 2022 revenue growth to be approximately 50bp to 100bp below its full-year 2022 outlook target. The company also expects its fourth-quarter 2022 revenue growth to be higher than the third-quarter 2022 revenue growth. The company expects full-year 2022 recurring revenue growth to be 7%.
The company's third-quarter 2022 adjusted EBITDA margin is expected to be approximately 300bp below its second-quarter 2022 adjusted EBITDA margin. The fourth-quarter 2022 is expected to have the highest quarterly adjusted EBITDA margin of the year.
While the company's second-quarter 2022 performance provides it with increasing confidence about its outlook, the global economy recently has experienced substantial disruption due to concerns regarding economic effects associated with the macroeconomic backdrop and ongoing geopolitical risks. Any worsening of the global economic or business environment could impact the company's ability to achieve its outlook.
Updated Full-Year 2022 Outlook
Reported Full-Year 2021 and Updated Full-Year 2022 – 2023 Outlook
The information in this section is forward-looking. Actual results, which will include the impact of currency and future acquisitions and dispositions completed during 2022 and 2023, may differ materially from the company's outlook. The information in this section should also be read in conjunction with the section below entitled "Special Note Regarding Forward-Looking Statements, Material Risks and Material Assumptions."
Share Repurchases – Update on $2.0 Billion Buyback Program
In June 2022, Thomson Reuters announced that it plans to buy back up to $2.0 billion of its common shares.
From June 2022 through July 31, 2022, the company repurchased approximately 3.8 million of its common shares under the new buyback program, for a total spend of $394 million. As of July 31, 2022, Thomson Reuters had approximately 483.5 million common shares outstanding.
Dividends
In February 2022, the company announced a 10% or $0.16 per share annualized increase in the dividend to $1.78 per common share, representing the 29th consecutive year of dividend increases. A quarterly dividend of $0.445 per share is payable on September 15, 2022, to common shareholders of record as of August 18, 2022.
LSEG Ownership Interest
In January 2021, Thomson Reuters and private equity funds affiliated with Blackstone sold Refinitiv to LSEG in an all-share transaction. Thomson Reuters indirectly owns LSEG shares through an entity that it jointly owns with Blackstone's consortium and a group of current LSEG and former Refinitiv senior management.
As of July 31, 2022, Thomson Reuters indirectly owned approximately 72.4 million LSEG shares which had a market value of approximately $7.1 billion based on LSEG's closing share price on that day. The company received $62 million of dividends from its LSEG investment in June 2022.
Thomson Reuters Thomson Reuters is a leading provider of business information services. Our products include highly specialized information-enabled software and tools for legal, tax, accounting and compliance professionals combined with the world's most global news service – Reuters. For more information on Thomson Reuters, visit tr.com and for the latest world news, reuters.com.
NON-IFRS FINANCIAL MEASURES
Thomson Reuters prepares its financial statements in accordance with International Financial Reporting Standards (IFRS), as issued by the International Accounting Standards Board (IASB).
This news release includes certain non-IFRS financial measures, which include ratios that incorporate one or more non-IFRS financial measures, such as adjusted EBITDA and the related margin (other than at the customer segment level), free cash flow, adjusted EPS and the effective tax rate on adjusted EPS, accrued capital expenditures expressed as a percentage of revenues, selected measures excluding the impact of foreign currency, changes in revenues computed on an organic basis as well as all financial measures for the "Big 3" segments. Thomson Reuters uses these non-IFRS financial measures as supplemental indicators of its operating performance and financial position as well as for internal planning purposes and the company's business outlook. Additionally, Thomson Reuters uses non-IFRS measures as the basis for management incentive programs. These measures do not have any standardized meanings prescribed by IFRS and therefore are unlikely to be comparable to the calculation of similar measures used by other companies and should not be viewed as alternatives to measures of financial performance calculated in accordance with IFRS. Non-IFRS financial measures are defined and reconciled to the most directly comparable IFRS measures in the appended tables.
The company's outlook contains various non-IFRS financial measures. The company believes that providing reconciliations of forward-looking non-IFRS financial measures in its outlook would be potentially misleading and not practical due to the difficulty of projecting items that are not reflective of ongoing operations in any future period. The magnitude of these items may be significant. Consequently, for outlook purposes only, the company is unable to reconcile these non-IFRS measures to the most directly comparable IFRS measures because it cannot predict, with reasonable certainty, the 2022 and 2023 impacts of changes in foreign exchange rates which impact (i) the translation of its results reported at average foreign currency rates for the year, and (ii) other finance income or expense related to intercompany financing arrangements and foreign exchange contracts. Additionally, the company cannot reasonably predict (i) its share of post-tax earnings or losses in equity method investments, which is subject to changes in the stock price of LSEG or (ii) the occurrence or amount of other operating gains and losses that generally arise from business transactions that the company does not currently anticipate.
ROUNDING
Other than EPS, the company reports its results in millions of U.S. dollars, but computes percentage changes and margins using whole dollars to be more precise. As a result, percentages and margins calculated from reported amounts may differ from those presented, and growth components may not total due to rounding.
REVISION TO PRIOR-YEAR SEGMENT RESULTS
In the first quarter of 2022, the company made two changes to its segment reporting to reflect how it currently manages its businesses. The changes (i) reflect the transfer of certain revenues from its Corporates business to its Tax & Accounting Professionals business where they are better aligned; and (ii) record intercompany revenue in Reuters News for content-related services that it provides to Legal Professionals, Corporates and Tax & Accounting Professionals. Previously, these services had been reported as a transfer of expense from Reuters News to these businesses. These changes impact the financial results of the company's segments, but do not change the company's consolidated financial results. The table below summarizes the changes for the three and six months ended June 30, 2021.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS, MATERIAL RISKS AND MATERIAL ASSUMPTIONS
Certain statements in this news release, including, but not limited to, statements in Mr. Hasker's comments and the "Change Program," "2022 and 2023 Outlook" and "LSEG Ownership Interest" sections, are forward-looking. The words "will", "expect", "believe", "target", "estimate", "could", "should", "intend", "predict", "project" and similar expressions identify forward-looking statements. While the company believes that it has a reasonable basis for making forward-looking statements in this news release, they are not a guarantee of future performance or outcomes and there is no assurance that any of the other events described in any forward-looking statement will materialize. Forward-looking statements are subject to a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from current expectations. Many of these risks, uncertainties and assumptions are beyond the company's control and the effects of them can be difficult to predict.
Some of the material risk factors that could cause actual results or events to differ materially from those expressed in or implied by forward-looking statements in this news release include, but are not limited to, those discussed on pages 17-30 in the "Risk Factors" section of the company's 2021 annual report. These and other risk factors are discussed in materials that Thomson Reuters from time to time files with, or furnishes to, the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission (SEC). Thomson Reuters annual and quarterly reports are also available in the "Investor Relations" section of tr.com.
The company's business outlook is based on information currently available to the company and is based on various external and internal assumptions made by the company in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that the company believes are appropriate under the circumstances. Material assumptions and material risks may cause actual performance to differ from the company's expectations underlying its business outlook. In particular, during the last quarter the global economy has experienced substantial disruption due to concerns regarding economic effects associated with the macroeconomic backdrop and ongoing geopolitical risks. Any worsening of the global economic or business environment could impact the company's ability to achieve its outlook and affect its results and other expectations. For a discussion of material assumptions and material risks related to the company's 2022 and 2023 outlook, please see pages 19-20 of the company's first-quarter management's discussion and analysis (MD&A) for the period ended March 31, 2022. Material assumptions and material risks related to the company's outlook will also be included in the company's second-quarter management's discussion and analysis for the period ended June 30, 2022, which is expected to be filed shortly. The company's quarterly MD&A and annual report are filed with, or furnished to, the Canadian securities regulatory authorities and the U.S. SEC and are also available in the "Investor Relations" section of tr.com.
The company has provided an outlook for the purpose of presenting information about current expectations for the periods presented. This information may not be appropriate for other purposes. You are cautioned not to place undue reliance on forward-looking statements which reflect expectations only as of the date of this news release.
Except as may be required by applicable law, Thomson Reuters disclaims any obligation to update or revise any forward-looking statements.
CONTACTS
Thomson Reuters will webcast a discussion of its second-quarter 2022 results and its business outlook today beginning at 8:30 a.m. Eastern Daylight Time (EDT). You can access the webcast by visiting ir.tr.com. An archive of the webcast will be available following the presentation.
** Because Thomson Reuters reported a net loss for continuing operations under IFRS for the three months ended June 30, 2022, the weighted-average number of common shares used for basic and diluted loss per share is the same for all per-share calculations in the period, as the effect of stock options and other equity incentive awards would reduce the loss per share, and therefore be anti-dilutive. Since the company's non-IFRS measure "adjusted earnings" is a profit, potential common shares are included, as they lower adjusted EPS and are therefore dilutive.
The following table reconciles IFRS and non-IFRS common share information:
Please refer to reconciliations for the most directly comparable IFRS financial measures.
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.kxii.com/prnewswire/2022/08/04/thomson-reuters-reports-second-quarter-2022-results/ | 2022-08-04T11:09:05Z |
Zac Brown Band member reveals ALS diagnosis
(CNN) - A member of the Zac Brown Band has revealed his diagnosis with ALS.
John Driskell Hopkins is a founding member, bassist and songwriter for the band.
In a video message to fans, surrounded by band members and his siblings, he announced he has the nervous system disease, also known as Lou Gehrig’s disease.
“Over the past several years, I’ve noticed some balance issues and some stiffness in my hands. After careful analysis by some of the country’s top neurologists, I have been diagnosed with ALS,” Hopkins said. “Because my symptoms have been slow-progressing from the start, we believe they will continue to be slow-progressing, going forward. God willing, I plan to be rocking with these amazing people for many years to come.”
Hopkins, who goes by “Hop,” is 51 years old.
He is currently on tour with the band, which is set to wind down in November.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.kxii.com/2022/05/23/zac-brown-band-member-reveals-als-diagnosis/ | 2022-05-23T20:33:40Z |
OTCQX: SHWZ
NEO: SHWZ
DENVER, Colo., April 25, 2022 /PRNewswire/ - Schwazze, (OTCQX: SHWZ) (NEO: SHWZ) ("Schwazze" or the "Company"), is pleased to announce that Justin Dye, Chairman & CEO will present to investors in a live VID Forum Town Hall on Tuesday, April 26, 2022, at 11:00 am EST. Management will field Q&A from investors and interested parties after their presentation. Please sign up here to register.
The Webinar will be interactive and will be hosted by VID Conferences. All stakeholders and interested investors are welcome to tune in and participate with questions. The playback will then be available on the Company's website.
About Schwazze
Schwazze (OTCQX: SHWZ) (NEO: SHWZ) is building a premier vertically integrated regional cannabis company with assets in Colorado and New Mexico and will continue to take its operating system to other states where it can develop a differentiated regional leadership position. Schwazze is the parent company of a portfolio of leading cannabis businesses and brands spanning seed to sale. The Company is committed to unlocking the full potential of the cannabis plant to improve the human condition. Schwazze is anchored by a high-performance culture that combines customer-centric thinking and data science to test, measure, and drive decisions and outcomes. The Company's leadership team has deep expertise in retailing, wholesaling, and building consumer brands at Fortune 500 companies as well as in the cannabis sector. Schwazze is passionate about making a difference in our communities, promoting diversity and inclusion, and doing our part to incorporate climate-conscious best practices. Medicine Man Technologies, Inc. was Schwazze's former operating trade name. The corporate entity continues to be named Medicine Man Technologies, Inc.
Schwazze derives its name from the pruning technique of a cannabis plant to enhance plant structure and promote healthy growth.
Forward-Looking Statements
This press release contains "forward-looking statements." Such statements may be preceded by the words "plan," "will," "may,", "predicts," or similar words. Forward-looking statements are not guarantees of future events or performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control and cannot be predicted or quantified. Consequently, actual events and results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) our inability to manufacture our products and product candidates on a commercial scale on our own or in collaboration with third parties; (ii) difficulties in obtaining financing on commercially reasonable terms; (iii) changes in the size and nature of our competition; (iv) loss of one or more key executives or scientists; (v) difficulties in securing regulatory approval to market our products and product candidates; (vi) our ability to successfully execute our growth strategy in Colorado and outside the state, (vii) our ability to consummate the acquisition described in this press release or to identify and consummate future acquisitions that meet our criteria, (viii) our ability to successfully integrate acquired businesses and realize synergies therefrom, (ix) the ongoing COVID-19 pandemic, * the timing and extent of governmental stimulus programs, (xi) the uncertainty in the application of federal, state and local laws to our business, and any changes in such laws, and * out ability to satisfy the closing conditions for the private finding described in this press release. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission (SEC), including the Company's Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's website at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise except as required by law.
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SOURCE Medicine Man Technologies, Inc. | https://www.kxii.com/prnewswire/2022/04/25/schwazze-announces-virtual-town-hall-meeting/ | 2022-04-25T11:24:21Z |
Jeff Gladney, a cornerback for the Arizona Cardinals, died in a car crash Monday morning in Dallas, according to the team's official website.
Gladney, 25, was among two people who died in the crash, according to CNN affiliate WFAA. CNN has reached out to Gladney's agent for comment.
The crash took place around 2:30 a.m. and involved two vehicles, according to a news release from the Dallas County Sheriff's Department. A preliminary investigation found that a white vehicle was speeding and clipped a second vehicle from behind.
The white vehicle then lost control and hit a freeway pier beam, killing the man and woman inside, the release said. The second vehicle was also occupied by a man and woman, who were not injured.
Gladney was entering the third season of his NFL career, after playing college football at Texas Christian University. The Minnesota Vikings drafted him as a first-round pick in 2020, but the team released him ahead of the 2021 season after he was indicted on charges of felony assault, according to the NFL's website.
Gladney was found not guilty in the incident, and the Cardinals signed him to a two-year contract in March 2022. He had recently been training with the team during the NFL's organized team practices.
"We are devastated to learn of Jeff Gladney's passing," the Cardinals tweeted Monday. "Our hearts go out to his family, friends and all who are mourning this tremendous loss."
The Vikings also released a statement, saying they were saddened by Gladney's death.
"Our hearts go out to his family and friends, as well as the Arizona Cardinals organization and Jeff's current and former teammates and coaches who are mourning his life lost much too soon," the team's' statement read.
NFL players from across the league their expressed condolences via Twitter.
"Lost my Brother, my best friend, my right hand man," tweeted Philadelphia Eagles wide receiver Jalen Reagor, who also attended Texas Christian University. "R.I.P Jeff Gladney, brother watch over me please," he added.
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accounts, the history behind an article. | https://www.albanyherald.com/news/jeff-gladney-arizona-cardinals-cornerback-dies-at-25/article_b59b8739-ced8-5fa5-bda9-10d16769bf84.html | 2022-05-30T23:45:18Z |
Study Examines Wage Pressure, Managing Compensation & Navigating A Hybrid Workforce
NASHVILLE, Tenn., June 21, 2022 /PRNewswire/ -- Bank Director, the leading information resource for directors and officers of financial institutions nationwide, today released the results of its 2022 Compensation Survey, sponsored by Newcleus Compensation Advisors. The findings confirm that intensifying competition for talent is forcing banks to pay up for both new hires and existing employees.
The 2022 Compensation Survey finds that 78% of responding directors, human resources officers, CEOs and other senior executives of U.S. banks say that it was harder in 2021 to attract and keep talent compared to past years. In response to this increased pressure, 98% say their organization raised non-executive pay in 2021, and 85% increased executive compensation. Overall, compensation increased by a median 5%, according to participants.
"Banks are challenged to find specialized talent like commercial lenders and technology personnel, but they're also struggling to hire branch staff and fill entry-level roles," says Emily McCormick, Bank Director's vice president of research. "In this quest for talent, community banks are competing with big banks like Bank of America Corp., which recently raised its minimum wage to $22 an hour. But community banks are also competing against other industries that have been raising pay. How can financial institutions stand out as employers of choice in their markets?"
Asked about specific challenges in attracting talent, respondents cite an insufficient number of qualified applicants (76%) and unwillingness among candidates to commute for at least some of their schedule (28%), in addition to rising wages. Three-quarters indicate that remote or hybrid work options are offered to at least some staff.
"It is obvious from the survey results that talent is the primary focus for community banks," says Flynt Gallagher, president of Newcleus Compensation Advisors. "Recruiting and retaining talent has become a key focus for most community banks, surpassing other concerns that occupied the top spot in prior surveys — namely tying compensation to performance. It is paramount for community banks to step up their game when it comes to understanding what their employees value and improving their reputation and presence on social media. Otherwise, financial institutions will continue to struggle finding and keeping the people they need to succeed."
Key Findings Also Include:
Banks Pay Up
Banks almost universally report increased pay for employees and executives. Of these, almost half believe that increased compensation expense has had an overall positive effect on their company's profitability and performance. Forty-three percent say the impact has been neutral.
Commercial Bankers in Demand
Seventy-one percent expect to add commercial bankers in 2022. Over half of respondents say their bank did not adjust its incentive plan for commercial lenders in 2022, but 34% have adjusted it in anticipation of more demand.
Additional Talent Needs
Banks also plan to add technology talent (39%), risk and compliance personnel (29%) and branch staff (25%) in 2022. Respondents also indicate that commercial lenders, branch and entry-level staff, and technology professionals were the most difficult positions to fill in 2020-21.
Strengthening Reputations as Employers
Forty percent of respondents say their organization monitors its reputation on job-posting platforms such as Indeed or Glassdoor. Further, 59% say they promote their company and brand across social media to build a reputation as an employer of choice, while just 20% use Glassdoor, Indeed or similar platforms in this manner. Banks are more likely to let dollars build their reputation: Almost three-quarters have raised starting pay for entry-level roles.
Low Concerns About CEO Turnover
Sixty-one percent of respondents indicate that they're not worried about their CEO leaving for a competing financial institution, while a third report low to moderate levels of concern. More than half say their CEO is under the age of 60. Respondents report a median total compensation spend for the CEO at just over $600,000.
Remote Work Persists
Three quarters of respondents say they continue to offer remote work options for at least some of their staff, and the same percentage also believe that remote work options help to retain employees. Thirty-eight percent of respondents believe that remote work hasn't changed their company's culture, while 31% each say it has had either a positive or negative impact.
The survey includes the views of 307 independent directors, CEOs, HROs and other senior executives of U.S. banks below $100 billion in assets. Compensation data for directors, non-executive chairs and CEOs was also collected from the proxy statements of 96 publicly traded banks. Full survey results are now available online at BankDirector.com.
About Bank Director
Bank Director reaches the leaders of the institutions that comprise America's banking industry. Since 1991, Bank Director has provided board-level research, peer-insights and in-depth executive and board services. Built for banks, Bank Director extends into and beyond the boardroom by providing timely and relevant information through Bank Director magazine, board training services and the financial industry's premier event, Acquire or Be Acquired. For more information, please visit www.BankDirector.com.
About Newcleus
Newcleus powers organizations as the leading designer and administrator of compensation, benefit, investment and finance strategies. The personalized product selections, carrier solutions and talent retention programs are curated to optimize benefits and improve ROI. www.newcleus.com.
Source:
For more information, please contact Bank Director's Director of Marketing, Deahna Welcher, at dwelcher@bankdirector.com.
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SOURCE Bank Director | https://www.kxii.com/prnewswire/2022/06/21/bank-compensation-survey-results-findings-released/ | 2022-06-21T15:24:27Z |
VANCOUVER, BC, May 25, 2022 /PRNewswire/ - Galiano Gold Inc. ("Galiano" or the "Company") (TSX: GAU) (NYSE: GAU) is pleased to announce that Institutional Shareholder Services Inc. ("ISS") and Glass Lewis and Co., LLC ("Glass Lewis") have both recommended that Galiano's shareholders vote FOR all the proposed resolutions that will be considered at the Company's annual general meeting of shareholders (the "Meeting") which will held virtually on Thursday June 2, 2022 at 10:00 a.m. (Pacific Time).
ISS and Glass Lewis are two leading independent proxy advisory firms that, among other services, provide voting recommendations to pension funds, investment managers, mutual funds and other institutional shareholders.
The Meeting will be held online at https://meetnow.global/MG2NTNZ for the following purposes:
- To elect directors of the Company for the ensuing year;
- To appoint the auditor of the Company for the ensuing year and to authorize the directors to fix their remuneration; and
- To authorize and approve a non-binding advisory resolution accepting the Company's approach to executive compensation.
Galiano shareholders are encouraged to read the meeting materials in detail and cast their votes prior to the proxy voting deadline. Copies of the meeting materials are available under Galiano's profile on SEDAR at www.sedar.com and under the "Investors" section on Galiano's website at www.galianogold.com/investors/annual-meeting
YOUR VOTE IS IMPORTANT – PLEASE VOTE TODAY
The Board of Directors UNANIMOUSLY recommends that shareholders vote FOR all proposed resolutions that will be considered at the Meeting.
Submit your vote well in advance of the proxy voting deadline at 10:00 a.m. (Pacific Time) on Tuesday May 31, 2022.
Galiano shareholders can vote their shares using the following methods:
Voting for Registered Shareholders (shares represented by a physical certificate or DRS Statement)
- Internet – Go to www.investorvote.com, enter your 15-digit control number found on your form of proxy and vote your shares.
- Telephone – Call 1-866-732-8683, enter your 15-digit control number and follow the interactive voice control instructions to vote your shares.
Voting for Non-Registered/Beneficial Shareholders (shares held with a broker, bank or other intermediary)
- Internet – Go to www.proxyvote.com, enter your 16-digit control number found on your voting instruction form and vote your shares.
- Telephone – Call 1-800-474-7493, enter your 16-digit control number and follow the interactive voice control instructions to vote your shares.
Shareholders who have any questions or require assistance with voting may contact Galiano's proxy solicitation agent:
Galiano is focused on creating a sustainable business capable of long-term value creation for its stakeholders through exploration and disciplined deployment of its financial resources. The Company currently operates and manages the Asanko Gold Mine, located in Ghana, West Africa which is jointly owned with Gold Fields Ltd. The Company is strongly committed to the highest standards for environmental management, social responsibility, and health and safety for its employees and neighbouring communities. For more information, please visit www.galianogold.com.
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SOURCE Galiano Gold Inc. | https://www.wibw.com/prnewswire/2022/05/25/independent-proxy-advisory-firms-recommend-that-galiano-gold-incs-shareholders-vote-all-resolutions-upcoming-annual-meeting-shareholders/ | 2022-05-25T21:09:40Z |
CAMBRIDGE, Mass., Aug. 31, 2022 /PRNewswire/ -- HubSpot, Inc. (NYSE: HUBS), the customer relationship management (CRM) platform for scaling companies, today announced that it will host its Analyst Day in conjunction with INBOUND '22 on Wednesday, September 7, 2022 in Boston. The event will begin at 9:45 a.m. and conclude at approximately 2:00 p.m. Eastern Time.
A live webcast and on-demand replay will be available at analystday.hubspot.com, and the accompanying presentations will be available at ir.hubspot.com following the event.
About HubSpot
HubSpot (NYSE: HUBS) is a leading CRM platform that provides software and support to help companies grow better. The platform includes marketing, sales, service, operations, and website management products that start free and scale to meet our customers' needs at any stage of growth. Today, over 150,000 customers across more than 120 countries use HubSpot's powerful and easy-to-use tools and integrations to attract, engage, and delight customers. Learn more at www.hubspot.com.
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SOURCE HubSpot | https://www.kxii.com/prnewswire/2022/08/31/hubspot-host-analyst-day-inbound-september-7-2022/ | 2022-08-31T21:21:59Z |
CHANDIGARH, India, Aug. 25, 2022 /PRNewswire/ -- Harvesting Farmer Network (HFN), a leading agriculture technology platform in India, has raised US$4 million from Social Capital, a Silicon Valley-based technology investment firm managed by Chamath Palihapitiya. This is the first institutional round raised by HFN, which will be used to reach the more than 120 million smallholder farmers across India, as well as explore opportunities in India's rural markets.
Harvesting Farmer Network helps smallholder farmers (defined by the UN as a farmer owning less than 2 hectares of land) in India to increase their income by empowering them with a collective bargaining platform. Through HFN's trusted platform, farmers are able to easily buy high-quality and affordable farm inputs, access financial services such as loans and insurance, as well as sell their crops to national and international customers – all luxuries typically only available to large-scale farms – enabling them to scale and grow their businesses.
Founded by Ruchit Garg during the Covid-19 pandemic, HFN was created to reduce the friction between farmers and buyers, initially by enabling them to connect directly on Twitter. Since then, more than US$500 million of crops, consisting of over 360 crop varieties, have been listed on HFN's digital platform from every state across India. These crops have been sold domestically as well as to international markets. A global agricultural powerhouse, India produces more than $275 billion of crops annually.
As of August 2022, more than 3.7 million farmers are digitally connected to the HFN platform, and as a result of partnering with HFN, farmers have increased their crop earnings by up to 2.5X due to HFN's more efficient and consolidated supply chain. Recently, many forward-thinking farmers have even launched offline centres known as "HFN Kisan Centres" ("kisan" translates to farmer from Hindi) to help fellow local farmers sell their crops and buy staple inputs such as seeds and fertilizer at affordable prices.
Ruchit G Garg, Founder CEO of HFN, said: "At HFN, our goal is to help farmers realize their full potential by reducing the plethora of inefficiencies across the agriculture value chain. Simple and widely-available technologies like WhatsApp and Twitter have allowed us to create massive data-driven farmer co-operatives, which allows farmers to negotiate better rates for farm inputs and more competitive prices for outputs. Our farmer-first approach has enabled us to build unique trust with our farmer-partners, giving us a strong foundation for long-term growth. With this new backing from Social Capital, we will be able to accelerate our growth and further scale our platform as we look to give India's 120 million smallholder farmers the opportunities they deserve."
Jay Zaveri, Partner at Social Capital, said: "In our world of increasingly complex geopolitics and amidst a rapidly deteriorating climate crisis, there is an urgent need for increased and better food security. India is one of the bread baskets of the world and we're excited to partner with HFN to bring a safe, secure, and empowering platform to the more than 120 million smallholder farmers across India. Our goal is to enable Indian households to access high-quality farm produce and for farmers to build a profitable livelihood through HFN."
HFN plans to use the new funding to rapidly expand its footprint across India, and over the next 12 months, it expects to connect farmers in every single one of India's 708 districts across the country.
About Harvesting Farmer Network (HFN)
Harvesting Farmer Network (HFN) is based in Chandigarh, India. The company was founded by Ruchit G Garg, who after working in the United States for over a decade with the likes of Microsoft, moved to India to work with smallholder farmers. As of August 2022, more than 3.7 million farmers in India are connected with HFN over various digital platforms across every state in India, including farmers from far east areas like Nagaland to northern regions like Pulwama J&K as well as Kutch Gujarat.
About Social Capital
At Social Capital, we make big bets on transformational ideas, technology, and people. We strategically invest in smart, profit-minded opportunities and forward-thinking social investments that have the potential to shape a better future. We believe in the outsized potential of for-profit businesses to drive impact in the world. We aim to set a new standard for what capitalism can be.
To learn more about Social Capital, visit www.socialcapital.com.
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SOURCE Harvesting Farmer Network (HFN) | https://www.kxii.com/prnewswire/2022/08/25/leading-agriculture-technology-platform-harvesting-farmer-network-hfn-raises-us4-million-social-capital/ | 2022-08-25T20:34:22Z |
WASHINGTON (AP) — The House sent President Joe Biden the most wide-ranging gun violence bill Congress has passed in decades on Friday, a measured compromise that at once illustrates progress on the long-intractable issue and the deep-seated partisan divide that persists.
The Democratic-led chamber approved the election-year legislation on a mostly party-line 234-193 vote, capping a spurt of action prompted by voters’ revulsion over last month’s mass shootings in New York and Texas. The night before, the Senate approved it by a bipartisan 65-33 margin, with 15 Republicans joining all Democrats in supporting a package that senators from both parties had crafted.
The bill would incrementally toughen requirements for young people to buy guns, deny firearms from more domestic abusers and help local authorities temporarily take weapons from people judged to be dangerous. Most of its $13 billion cost would go to bolster mental health programs and for schools, which have been targeted in Newtown, Connecticut, Parkland, Florida and many other infamous massacres.
And while it omits the far tougher restrictions Democrats have long championed, it stands as the most impactful gun violence measure that Congress has approved since it enacted a now-expired assault weapons ban nearly 30 years ago.
The legislation was a direct result of the slaying of 19 children and two teachers at an elementary school in Uvalde, Texas, exactly one month ago, and the killing of 10 Black shoppers days earlier in Buffalo, New York. Lawmakers returned from their districts after those shootings saying constituents were demanding congressional action, a vehemence many felt could not be ignored.
“No legislation can make their families or communities whole,” House Judiciary Committee Chairman Jerrold Nadler, D-N.Y.. said of those victims. “But we can act to keep others from facing the same trauma.”
For the conservatives who dominate Republicans in the House, it all came down to the Constitution’s Second Amendment right for people to have firearms, a protection that is key for many voters who own guns.
“Today they’re coming after our Second Amendment liberties, and who knows what it will be tomorrow,” said Rep. Jim Jordan of Ohio, the Judiciary panel’s top Republican.
Impossible to ignore was the juxtaposition of the week’s gun votes with a pair of jarring Supreme Court decisions on two of the nation’s most incendiary culture war issues. The justices on Thursday struck down a New York law that has restricted peoples’ ability to carry concealed weapons, and Friday it overturned Roe v. Wade, eliminating the protection for abortion that case had ensured for a half-century.
Fifteen Senate Republicans backed the compromise, but that still meant that fewer than one-third of GOP senators supported the measure. And with Republicans in the House solidly against it, the fate of future congressional action on guns seems dubious, even as the GOP is expected to win House and possibly Senate control in the November elections.
The bill lacked favorite Democratic proposals like bans on the assault-type weapons and high-capacity ammunition magazines used in the slayings in Buffalo and Uvalde. But it still let both parties declare victory by demonstrating to voters that they know how to compromise and make government work.
Yet the Senate votes highlighted the wariness most Republicans feel about defying the party’s pro-gun voters and firearms groups like the National Rifle Association. Sens. Lisa Murkowski of Alaska and Todd Young of Indiana were the only two of the 15 up for reelection this fall. Of the rest, four are retiring and eight don’t face voters until 2026.
Tellingly, GOP senators voting “no” included potential 2024 presidential contenders like Ted Cruz of Texas, Josh Hawley of Missouri and Tim Scott of South Carolina. Cruz said the legislation would “disarm law-abiding citizens rather than take serious measures to protect our children.”
The talks that produced the bill were led by Sens. Chris Murphy, D-Conn., Kyrsten Sinema, D-Ariz., John Cornyn, R-Texas, and Thom Tillis, R-N.C. Murphy represented Newtown, Connecticut, when an assailant killed 20 students and six staffers at Sandy Hook Elementary School in 2012, while Cornyn has been involved in past gun talks following mass shootings in his state and is close to McConnell.
The bill would make the local juvenile records of people age 18 to 20 available during required federal background checks when they attempt to buy guns. Those examinations, currently limited to three days, would last up to a maximum of 10 days to give federal and local officials time to search records.
People convicted of domestic abuse who are current or former romantic partners of the victim would be prohibited from acquiring firearms, closing the so-called “boyfriend loophole.”
That ban currently only applies to people married to, living with or who have had children with the victim.
There would be money to help states enforce red flag laws and for other states without them that for violence prevention programs. Nineteen states and the District of Columbia have such laws.
The measure expands the use of background checks by rewriting the definition of the federally licensed gun dealers required to conduct them. Penalties for gun trafficking are strengthened, billions of dollars are provided for behavioral health clinics and school mental health programs and there’s money for school safety initiatives, though not for personnel to use a “dangerous weapon.” | https://cw33.com/news/nexstar-media-wire/house-passes-landmark-gun-violence-legislation-sends-bill-to-biden/ | 2022-06-24T18:23:14Z |
LOS ANGELES, June 6, 2022 /PRNewswire/ -- The AutismOne 2022 Conference dates in Mesa, Arizona, will be Thursday afternoon, August 18th through Sunday morning, August 21st. To register, the amount for one attendee will be $99 (early-bird price until 06/11/22) to be at AutismOne 2022 Conference presentations at the convention center in Mesa. And the hotel will be $89 per night + taxes/fees (the cut-off date is July 28th) at Delta Hotels by Marriott Phoenix Mesa. In order to get the discounted room rate ($89 per night + taxes/fees), conference participants will need to book their rooms no later than July 28th. To register for the AutismOne 2022 Conference, CLICK HERE at www.autismone.org. And Click here for the flyer.
Brilliant presenters who are doctors and/or researchers from around the world, will be speaking at the AutismOne 2022 Conference in August. The following presenters are from Arizona: Prof. James B. Adams, PhD; Dr. Shawn K. Centers, DO; Dr. Richard E. Frye, MD, PhD; and Dr. Cindy Schneider, MD.
Many of the most popular international speakers include Dr. Dietrich Klinghardt ("The most successful and yet often overlooked ASD treatment strategies: 30 years of trial and error"); Del Bigtree ("No More Dark Winters"); and Dr. Stephanie Seneff ("Glyphosate, Sulfate and Autism").
Learn about major breakthroughs at the AutismOne 2022 Conference:
Back to Basics: The Foundation of Autism Recovery
Three Pillars of Autism Recovery -- Mesa, AZ, August:
1) The Foundation of Recovery: Basic & Advanced Topics
How do I recover or help my loved one?
Learn how children recovered or greatly improved. Hear about the basics used for twenty years, and learn about the updated areas of health, treatment, research, medicine, nutrition, food, and law.
What were the key principles discovered by AutismOne's founders that improved the lives of thousands of children?
Nearly twenty years ago, a father, whose son had autism, retired from his position at Boeing so that Ed would dedicate his life to finding a cure and treatment for autism. Ed Arranga, with the help of other pioneering visionaries, left us with a legacy of key strategies that have helped thousands of children with autism to lead better lives. Ed Arranga, Dr. James Jeffrey Bradstreet, Dr. John Hicks, Dr. Mayer Eisenstein…pediatricians and warriors who cared deeply about children, recovering them from around the world. Learn of their legacy, vision, and strategies that will help your child today.
What will happen to my child if I become sick or incapacitated? Discover leading edge solutions to protect our children.
AutismOne will work and/or learn about places where children can be safely cared for while parents are in the hospital or parents pass away. The best gift would be safety for your child and confidence in your heart.
AutismOne also thanks Visit Mesa Autism Certified! Visit Mesa is proud to be the "World's First Autism Certified City"! The people who work at Visit Mesa are wonderful, kind people. Please visit their website at www.VisitMesa.com/autism-travel.
You can't miss AutismOne in the desert…the trailblazing AutismOne 2022 Conference: cutting-edge speakers' strategies and trailblazing research to help children with autism! Be there to change lives!
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SOURCE AutismOne | https://www.mysuncoast.com/prnewswire/2022/06/06/autismone-leading-edge-conference-autism-is-back-with-full-convention-center-meeting-person-experts-focus-childrens-health-rights-housing/ | 2022-06-06T15:42:58Z |
FRANKLIN, Tenn., July 28, 2022 /PRNewswire/ -- Community Healthcare Trust Incorporated (NYSE: CHCT) today announced that its Board of Directors has increased its common stock cash dividend for the quarter ended June 30, 2022. This dividend, in the amount of $0.4425 per share, is payable on August 26, 2022 to shareholders of record on August 12, 2022. This dividend rate equates to an annualized dividend of $1.77 per share. Community Healthcare Trust Incorporated has increased its dividend every quarter since its Initial Public Offering.
About Community Healthcare Trust Incorporated
Community Healthcare Trust Incorporated (the "Company") is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in our target sub-markets throughout the United States.
Cautionary Note Regarding Forward-Looking Statements
In addition to the historical information contained within, the matters discussed in this supplemental operating and financial information package may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "believes", "expects", "may", "should", "seeks", "approximately", "intends", "plans", "estimates", "anticipates" or other similar words or expressions, including the negative thereof. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections or other forward-looking information. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management. Because forward-looking statements relate to future events, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the control of Community Healthcare Trust Incorporated (the "Company"). Thus, the Company's actual results and financial condition may differ materially from those indicated in such forward-looking statements. Some factors that might cause such a difference include the following: general volatility of the capital markets and the market price of the Company's common stock, changes in the Company's business strategy, availability, terms and deployment of capital, the Company's ability to refinance existing indebtedness at or prior to maturity on favorable terms, or at all, changes in the real estate industry in general, interest rates or the general economy, adverse developments related to the healthcare industry, the degree and nature of the Company's competition, the ability to consummate acquisitions under contract, effects on global and national markets as well as businesses resulting from the COVID-19 pandemic, and the other factors described in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2021, and the Company's other filings with the Securities and Exchange Commission from time to time. Readers are therefore cautioned not to place undue reliance on the forward-looking statements contained herein which speak only as of the date hereof. The Company intends these forward-looking statements to speak only as of the time of this supplemental operating and financial information package and undertakes no obligation to update forward-looking g statements, whether as a result of new information, future developments, or otherwise, except as may be required by law.
CONTACT David H. Dupuy, 615-771-3052
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SOURCE Community Healthcare Trust, Inc. | https://www.mysuncoast.com/prnewswire/2022/07/28/community-healthcare-trust-incorporated-announces-increased-second-quarter-dividend/ | 2022-07-28T23:13:00Z |
Tottenham’s Champions League bid hit by 1-0 loss to Brighton
LONDON (AP) — Leandro Trossard’s 90th-minute goal has given Brighton a 1-0 victory at Tottenham to halt the north London club’s resurgence and push for Champions League qualification. Tottenham had won five out of its last six matches to move into fourth place in the Premier League, helped by Brighton beating Arsenal last weekend. Mid-table Brighton made another impact on the top-four race when Trossard beat defender Eric Dier and used the outside of his right foot to shoot the ball past goalkeeper Hugo Lloris into the far corner. | https://localnews8.com/news/2022/04/16/tottenhams-champions-league-bid-hit-by-1-0-loss-to-brighton/ | 2022-04-16T16:01:05Z |
Ideal Option clinic tackles Bonneville County opioid crisis
IDAHO FALLS, Idaho (KIFI) - Ideal Option held an open house at its clinic in Idaho Falls on Friday. The outpatient addiction medicine clinic is located on N Capital Ave.
They treat addiction to opioids like fentanyl, heroin, and oxycodone, and stimulants like methamphetamine and cocaine. Medication-assisted treatment for alcohol withdrawal and relapse prevention is also available.
Members of the community dropped by to learn more about addiction medicine, meet their staff and discuss ways to tackle the worsening opioid crisis in Bonneville County.
Reported overdose deaths have skyrocketed across the nation in the last three years, largely due to fentanyl.
According to the Idaho State Police, from January to September 2021, more than 125,000 fentanyl pills were seized statewide, a 562% increase from 2020.
Ideal Option’s own lab testing data, collected from patients across Idaho, show a 242% increase in positive fentanyl drugs tests from September 2020. | https://localnews8.com/news/crime-tracker/2022/04/01/ideal-option-clinic-tackles-bonneville-county-opioid-crisis/ | 2022-04-01T18:06:44Z |
Here are the top baby names of 2021
(Gray News) – Liam and Olivia are yet again the most popular baby names in the United States, according to new data from the Social Security Administration.
The agency just released its annual list of most popular baby names, listing the top 10 boy names and top 10 girl names of 2021.
This marks five years in a row that Liam is the most popular boy name and three years in a row that Olivia is the most popular girl name.
According to the Social Security Administration, the top 10 boy names in 2021 were:
- Liam
- Noah
- Oliver
- Elijah
- James
- William
- Benjamin
- Lucas
- Henry
- Theodore
The agency said the top 10 girl names of 2021 were:
- Olivia
- Emma
- Charlotte
- Amelia
- Ava
- Sophia
- Isabella
- Mia
- Evelyn
- Harper
The list of most popular names in 2021 hasn’t changed much from that of 2020. Nine of the top 10 boy names are the same, apart from Theodore overtaking the tenth spot in 2021 from Alexander from 2020. Although not in the exact same order, all the girl names in the top 10 of 2021 were also in the top 10 of 2020.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/05/18/here-are-top-baby-names-2021/ | 2022-05-18T16:11:14Z |
MONTRÉAL, May 19, 2022 /PRNewswire/ - Bell Canada (Bell) today announced the filing of a prospectus supplement to a short form base shelf prospectus dated March 7, 2022 with the various securities regulatory authorities in all provinces of Canada to renew Bell's MTN program.
The MTN program will enable Bell to offer MTN Debentures from time to time until April 7, 2024. The MTN Debentures will be fully and unconditionally guaranteed by BCE Inc. (TSX, NYSE: BCE). Consistent with past practice, the MTN program was renewed to continue to provide Bell with financial flexibility and efficient access to the Canadian capital markets.
Bell also entered into a dealer agreement under which certain dealers have agreed to act as agents with respect to future offerings of the MTN Debentures.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offer of securities covered by the prospectus supplement will be made by a pricing supplement containing specific information about the terms of any such offering. The MTN Debentures have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (U.S. Securities Act), or any U.S. state securities laws and may not be offered or sold in the United States or to or for the account or benefit of U.S. persons (as defined in Regulation S under the U.S. Securities Act).
BCE is Canada's largest communications company, providing advanced Bell broadband wireless, Internet, TV, media and business communications services. To learn more, please visit Bell.ca or BCE.ca.
Through Bell for Better, we are investing to create a better today and a better tomorrow by supporting the social and economic prosperity of our communities with a commitment to the highest environmental, social and governance (ESG) standards. This includes the Bell Let's Talk initiative, which promotes Canadian mental health with national awareness and anti-stigma campaigns like Bell Let's Talk Day and significant Bell funding of community care and access, research and workplace leadership initiatives throughout the country. To learn more, please visit Bell.ca/LetsTalk.
Media inquiries:
Marie-Eve Francoeur
514-391-5263
marie-eve.francoeur@bell.ca
@Bell_News
Investor inquiries:
Thane Fotopoulos
514-870-4619
thane.fotopoulos@bell.ca
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SOURCE Bell Canada | https://www.kxii.com/prnewswire/2022/05/19/bell-canada-renews-medium-term-notes-mtn-program/ | 2022-05-19T21:43:17Z |
NEW YORK, July 1, 2022 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Axsome Therapeutics, Inc. (NASDAQ: AXSM).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/axsome-therapeutics-inc-loss-submission-form/?id=29409&from=4
The lawsuit seeks to recover losses for shareholders who purchased Axsome between December 30, 2019 and April 22, 2022.
Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until July 12, 2022 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
According to a filed complaint, Axsome Therapeutics, Inc. issued materially false and/or misleading statements and/or failed to disclose that: (i) Axsome's chemistry, manufacturing, and control ("CMC") practices were deficient with respect to AXS-07, the Company's medicine for the acute treatment of migraine, and its manufacturing process; (ii) as a result, Axsome was unlikely to submit the AXS-07 New Drug Application ("NDA") on its initially represented timeline; (iii) the foregoing CMC issues remained unresolved at the time that the U.S. Food and Drug Administration ("FDA") reviewed the AXS-07 NDA; (iv) accordingly, the FDA was unlikely to approve the AXS-07 NDA; (v) as a result of all the foregoing, Axsome had overstated AXS-07's regulatory and commercial prospects; and (vi) as a result, the Company's public statements were materially false and misleading at all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law | https://www.kxii.com/prnewswire/2022/07/01/axsm-shareholder-alert-jakubowitz-law-reminds-axsome-shareholders-lead-plaintiff-deadline-july-12-2022/ | 2022-07-01T10:00:23Z |
Cybersecurity company focused on data-driven and AI-powered threat detection solutions expands to the tech capital of Southern California
LOS ANGELES, July 7, 2022 /PRNewswire/ -- Resecurity®, a cybersecurity company providing managed threat detection and response, has opened a new office in Silicon Beach, an area known as the technology capital of Southern California. Resecurity becomes the first recognizable cybersecurity player in the area, making the local tech ecosystem more diverse and progressive.
While Silicon Valley is known as the tech and startup hub throughout California, Silicon Beach is a rising ecosystem in this arena. Silicon Beach is home to an innovative collection of tech companies in Los Angeles (LA). The region has attracted an estimated 500 tech companies, ranging from startups, like Bird and Fair, to global policy think tanks and established tech giants like the RAND Corporation, SpaceX, Google and Facebook. By adding Resecurity, the largest enterprises of Southern California will receive reliable digital protection by having quick access to specialized cybersecurity solutions and services.
The company, originally started in Los Angeles, California, is expanding across critical markets with a strong focus on data-driven and AI-powered cybersecurity solutions designed to protect enterprises and consumers across the globe. The new office will accelerate product marketing, sales engineering and operations by attracting local talent of Southern California and will generate new jobs.
"We provide technology that empowers organizations to reimagine cybersecurity and protect what matters. By leveraging data science and cutting-edge AI in our solutions, our clients receive reliable ecosystem protection and actionable insights enabling them to detect and prevent data breaches," said Gene Yoo, CEO of Resecurity. "Silicon Beach is the perfect location to stir up innovation and work alongside some of the best in the technology industry. We look forward to bringing cybersecurity expertise and innovation to this market."
Resecurity's product portfolio spans enterprise endpoint protection, cyber risk monitoring, threat intelligence, investigations and third-party risk management. Resecurity is a Platform-as-a-Service (PaaS) provider, combining top-rated detection and response (EDR/XDR), next-generation anti-virus (NGAV), cyber threat intelligence (CTI) and proactive threat hunting to deliver context-enriched analysis of the identified malicious cyber activity.
Los Angeles is one of the most dynamic economies globally, with a fast-growing and immense high-tech industry, world-leading creative economy, tremendous strength in aerospace and advanced transportation, the nation's most extensive manufacturing base and international trade industry. Being the largest county by output, with its $960.25 billion GDP — Resecurity sees tremendous growth and market potential by having a meaningful footprint in a strategic location for business development.
"Due to the expansion, Resecurity has added new job offerings, including data scientists, cybersecurity engineers, threat intelligence analysts and vulnerability researchers. Additionally, the company is expanding local partnerships with academia to attract new talent, hire interns and generate new jobs in critical cybersecurity domains," said Gene Yoo, Resecurity, Inc. CEO.
The expansion comes after Resecurity was recently named one of the top 10 fastest-growing private cybersecurity companies in Los Angeles, California, by Inc. Magazine. Resecurity's clients include major Fortune 500 corporations with global footprint and law enforcement agencies. The company is also an official member of key industry organizations, including AFCEA, FS-ISAC, NDIA, SIA, InfraGard and the American Chamber of Commerce in Saudi Arabia (AmChamKSA) and Mexico (AmChamMX).
Resecurity® is a cybersecurity company that delivers a unified platform for endpoint protection, risk management, and cyber threat intelligence. Known for providing best-of-breed data-driven intelligence solutions, Resecurity's services and platforms focus on early-warning identification of data breaches and comprehensive protection against cybersecurity risks. Founded in 2016, it has been globally recognized as one of the world's most innovative cybersecurity companies with the sole mission of enabling organizations to combat cyber threats regardless of how sophisticated they are. Most recently, Resecurity was named one of the Top 10 fastest-growing private cybersecurity companies in Los Angeles, California by Inc. Magazine. To learn more about Resecurity, visit https://resecurity.com/.
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SOURCE Resecurity | https://www.wibw.com/prnewswire/2022/07/07/resecurity-expands-california-footprint-with-new-silicon-beach-location/ | 2022-07-07T18:43:44Z |
Customers can now access Cabot's high-performance, innovative pigments and performance additives for plastics and battery applications
DOWNERS GROVE, Ill., May 31, 2022 /PRNewswire/ -- Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"), a global chemical and ingredient distributor and provider of value-added services, announced it has been appointed as distributor of Cabot Corporation's specialty carbon black products for the plastics and batteries markets in Brazil. The agreement builds on the companies' existing relationship and will provide customers with innovative materials and solutions that help improve sustainability and product performance.
"As we continue growing our ingredients and specialties business in Latin America, it's critical that we partner with world-class suppliers who are also committed to helping meet customers' product performance needs while keeping sustainability top-of-mind. The addition of Cabot's specialty carbon black products to our expansive product portfolio allows us to better serve those looking to innovate, grow and differentiate their business," said Jorge Buckup, president of Latin America for Univar Solutions.
Cabot's specialty carbon black products are used for multiple applications in the automotive market, including helping improve the efficiency, durability, performance and lifetime of hybrid and electric vehicle batteries. In addition to batteries, the versatility of carbon black products make them well-suited for other specialty applications such as plastics, consumer electronics and industrial parts, delivering value through a range of functionalities including color, ultraviolet (UV) protection, surface smoothness and conductivity.
"We're excited about our collaboration with Cabot in Brazil, which further expands a key supplier relationship and adds to our product offering to our customer base," said Chris Fitzgerald, global vice president, CASE, Rubber and Plastic Additives for Univar Solutions. "We are confident our customers will benefit from the consistent focus we bring within the plastic compounding and battery markets, backed by strong local and technical support and commercial excellence."
Bill Masterson, vice president and regional business director, Performance Additives, Cabot Corporation, added, "This partnership with Univar Solutions will provide more customers in Brazil access to Cabot's product development, technical support and manufacturing experience in specialty carbon black materials for a variety of applications. Expanding our distribution agreement with Univar Solutions will help us meet the growing demand for our specialty carbon black products while providing customers with innovative products and expertise to help advance performance in their end use applications."
For more information about Univar Solutions' portfolio of coatings, adhesives, sealants and elastomers ingredients, including technical support and innovation, visit univarsolutions.com/CASE.
About Univar Solutions
Univar Solutions (NYSE: UNVR) is a leading global specialty chemical and ingredient distributor representing a premier portfolio from the world's leading producers. With the industry's largest private transportation fleet and technical sales force, unparalleled logistics know-how, deep market and regulatory knowledge, formulation and recipe development, and leading digital tools, the Company is well-positioned to offer tailored solutions and value-added services to a wide range of markets, industries, and applications. While fulfilling its purpose to help keep communities healthy, fed, clean and safe, Univar Solutions is committed to helping customers and suppliers innovate and focus on Growing Together. Learn more at univarsolutions.com.
About Cabot Corporation Cabot Corporation (NYSE: CBT) is a global specialty chemicals and performance materials company headquartered in Boston, Massachusetts. The company is a leading provider of carbon black, specialty carbons, engineered elastomer composites, inkjet colorants, masterbatches and conductive compounds, fumed silica and aerogel. For more information on Cabot, please visit the company's website at cabotcorp.com.
Forward-Looking Statements
This press release includes certain statements relating to future events and our intentions, beliefs, expectations, and predictions for the future, which are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond the Company's control. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from these expectations and assumptions. A detailed discussion of these factors and uncertainties is contained in the Company's filings with the Securities and Exchange Commission. Potential factors that could affect such forward-looking statements include, among others: the ultimate geographic spread of the COVID-19 pandemic; the duration and severity of the COVID-19 pandemic; actions that may be taken by governmental authorities to address or otherwise mitigate the impact of the COVID-19 pandemic; the potential negative impacts of COVID-19 on the global economy and our customers and suppliers; the overall impact of the COVID-19 pandemic on our business, results of operations and financial condition; other fluctuations in general economic conditions, particularly in industrial production and the demands of our customers; significant changes in the business strategies of producers or in the operations of our customers; increased competitive pressures, including as a result of competitor consolidation; significant changes in the pricing, demand and availability of chemicals; our levels of indebtedness, the restrictions imposed by our debt instruments, and our ability to obtain additional financing when needed; the broad spectrum of laws and regulations that we are subject to, including extensive environmental, health and safety laws and regulations; an inability to integrate the business and systems of companies we acquire, including of Nexeo Solutions, Inc., or to realize the anticipated benefits of such acquisitions; potential business disruptions and security breaches, including cybersecurity incidents; an inability to generate sufficient working capital; increases in transportation and fuel costs and changes in our relationship with third party providers; accidents, safety failures, environmental damage, product quality and liability issues and recalls; major or systemic delivery failures involving our distribution network or the products we carry; operational risks for which we may not be adequately insured; ongoing litigation and other legal and regulatory risks; challenges associated with international operations; exposure to interest rate and currency fluctuations; potential impairment of goodwill; liabilities associated with acquisitions, ventures and strategic investments; negative developments affecting our pension plans and multi-employer pensions; labor disruptions associated with the unionized portion of our workforce; and the other factors described in the Company's filings with the Securities and Exchange Commission. We caution you that the forward-looking information presented in this press release is not a guarantee of future events or results, and that actual events or results may differ materially from those made in or suggested by the forward-looking information contained in this press release. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "plan," "seek, "will," "expect," "intend," "estimate," "anticipate," "believe" or "continue" or the negative thereof or variations thereon or similar terminology. Any forward-looking information presented herein is made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise, except as required by law.
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SOURCE Univar Solutions Inc. | https://www.mysuncoast.com/prnewswire/2022/05/31/univar-solutions-appointed-distributor-cabot-corporations-specialty-carbon-black-products-brazil/ | 2022-05-31T21:16:12Z |
New Jobs and Investment Also to Go to Ford's Lima and Sharonville Plants
AVON LAKE, Ohio, June 2, 2022 /PRNewswire/ -- Ohio Governor Mike DeWine, Lt. Governor Jon Husted, and JobsOhio joined representatives from the Ford Motor Company today to announce that Ford is investing $1.5 billion into Lorain County at the Ford Ohio Assembly Plant in Avon Lake to assemble an all-new commercial electric vehicle (EV). This investment will create 1,800 new hourly jobs.
"The ingenuity and talent of Ohio's automotive workforce are second to none, and Ford's investment in Avon Lake will play an essential role in growing the EV space," said Ohio Governor Mike DeWine. "Ford has been a partner in Ohio for generations, and its confidence in the Ford Ohio Assembly Plant operations secures EV operations in Lorain County that will be critical for decades to come."
In addition to the 1,800 new jobs to make the new commercial EV at the Ford Ohio Assembly Plant, the expanded facility will continue producing Ford's E-series van, medium-duty trucks and Super Duty chassis cabs. Ford also announced an additional 90 jobs and a $100 million investment between its Lima Engine Plant and Sharonville Transmission plants.
"There are many wonderful aspects to a day like today, but the special news for Northeast Ohio is that there will be 1,800 new, good-paying jobs with health care benefits and the higher quality of life and job security that comes along with it," said Lt. Governor Husted. "Governor DeWine and I are glad Ford chose Ohio to help manufacture this EV vehicle, continuing the region's extensive legacy in automotive innovation."
Construction on Ford's Ohio Assembly Plant in Avon Lake is expected to begin later this year; assembly on the commercial electric vehicle is expected to begin in mid-decade.
"Ohio is one of the world's great automotive hubs and a key manufacturing state that has been central to Ford since we first opened Ohio Assembly Plant in 1958," said Kumar Galhotra, president, Ford Blue. "Ford is proud to assemble more vehicles and employ more union autoworkers in the U.S. than any other auto manufacturer, and our commitment to the state of Ohio deepens today with the creation of 1,800 union jobs and $1.5 billion investment to build an all-new commercial EV at Ohio Assembly Plant."
The Ford Motor Company, DeWine-Husted Administration, the Ohio Department of Development, the City of Avon Lake, Lorain County, state and local elected officials, and Ohio's Congressional delegation all collaborated with JobsOhio to bring the project to Avon Lake. JobsOhio, the state's private nonprofit economic development corporation, has placed significant focus on supporting the automotive supply chain as original equipment manufacturers have begun to place a major focus on electric vehicle production.
"The Avon Lake facility represents the automotive heritage of Ohio and our world-class labor workforce and also our shared commitment with Ford to advancing innovation as we transition – together – to the EV space for future production," said J.P. Nauseef, JobsOhio president and CEO. "As manufacturing continues to evolve in Lorain County, JobsOhio and our partners are committed to protecting and growing Ohio's automotive industry by positioning the state as a global EV leader."
Ford operates facilities in Avon Lake, Brook Park, Lima, and Sharonville and has more than 7,000 employees in Ohio.
"Today's investment by Ford in Avon Lake is a testament to the world-class workforce in Lorain County and Northeast Ohio," said State Senator Nathan Manning. "I'm proud to have supported the Megaproject legislation that will help Ohio win life-changing investments like this one. This is a perfect example of the success that is possible when JobsOhio, the State of Ohio, and our regional and local partners work together as one team."
To support the expansion of the Ford Ohio Assembly Plant in Avon Lake, the Ohio Tax Credit Authority will consider a tax credit at a future meeting, and JobsOhio also plans to provide grant assistance.
Ohio's commitment to innovation makes it a natural fit for the thriving electric vehicle supply chain and electric vehicle manufacturing opportunities. Ohio's vast history in the automotive industry and automotive supply chain, as well as its overall proximity to resources, manufacturers, and end markets, put the state in a prime position for future electric vehicle production.
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SOURCE JobsOhio | https://www.kxii.com/prnewswire/2022/06/02/governor-dewine-ford-motor-company-announce-1800-new-jobs-assemble-new-commercial-electric-vehicle/ | 2022-06-02T14:29:46Z |
Company Expands its Footprint with its Second Office Location in Pennsylvania
PITTSBURGH, July 11, 2022 /PRNewswire/ -- New Western, the largest national private source of distressed residential investment properties, announced today the opening of its second Pennsylvania office, located in Pittsburgh. This is the 47th office opening for the real estate marketplace connecting local investors looking to rehab houses with sellers.
"Pittsburgh is a rapidly growing market with more affordable housing compared to other cities across the U.S., which is driving many young adults and investors to become a part of this booming city," said Kurt Carlton, co-founder and president of New Western. "We are excited to have a presence in Pittsburgh, and have the ability to bring potential opportunities to investors, sellers and home buyers alike."
New Western brings market insight and its exclusive marketplace of distressed investment property inventory to help real estate investors acquire fixer-upper properties. The company's agents are helping to address the affordable housing shortage by revitalizing distressed homes across the U.S., with more than 991,000 aged properties in the Pittsburgh area alone and just over 91% built before 2002. A recent report analyzing U.S. Census data shows there are 16 million vacant homes across the U.S.
Nasar Bhegani is the general manager (GM) and broker leading the company's Pittsburgh office. As GM, Bhegani is responsible for recruiting, hiring, training and leading his team to revitalize $385 million in residential properties in the Pittsburgh area over the next five years.
"After a successful track record in Austin, I'm looking forward to joining the Pittsburgh community and helping provide much-needed housing inventory to local investors," said Bhegani. "With median home prices in the metropolitan area of Pittsburgh increasing year-over-year, my team will have the unique opportunity to help revitalize the city's distressed housing inventory and return affordable housing options to the market."
Bhegani began his career with New Western in 2015 in its Austin office and served as the assistant general manager, where he successfully led market sales totaling more than $788 million for the past five years. In 2022, New Western asked Bhegani to open its Pittsburgh office. The new office is located at 322 North Shore Drive, Building 1B, Suite 200, Pittsburgh, Pennsylvania.
New Western is the largest private source of investment properties in the nation. Since 2008, New Western has bought and sold nearly $12 billion in residential real estate.
New Western makes real estate investing more accessible for more people. Operating in most major cities, our marketplace connects more than 100,000 local investors looking to rehab houses with sellers. As the largest private source of investment properties in the nation, we buy a home every 13 minutes. New Western delivers new opportunity for all—a fresh start for sellers, exclusive inventory for investors, and affordable housing for buyers. For more information, visit www.newwestern.com.
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SOURCE New Western | https://www.kxii.com/prnewswire/2022/07/11/new-western-enters-pittsburgh-residential-real-estate-market-with-eye-revitalizing-385m-affordable-homes/ | 2022-07-11T12:23:01Z |
NEW YORK, Aug. 2, 2022 /PRNewswire/ -- Ruder Finn's Senior Managing Director, James Lawler, has been named as an honoree on PRWeek's 40 Under 40. The 40 Under 40 list recognizes individuals who are redefining the role of communications, PR and marketing.
As Founder and CEO of Osmosis Films, Ruder Finn's creative studio and production company, James Lawler provides striking visual and storytelling content that distills complexity through an empathetic and creative lens.
Today, the team at Osmosis makes creative work that spans a stunningly wide array of subjects, industries, and formats, for hundreds of clients including Climate Now, the multimedia platform fighting climate change founded by Lawler. Much of Osmosis' work involves taking the complicated science behind breakthrough medical treatments, lifesaving innovations, and energy science, and making it easily digestible for the public through films, animation, websites, and interactive design. Osmosis team members work in an integrated way with account teams at Ruder Finn to develop and execute creatively ambitious work on behalf of clients, contributing valuable content as a part of holistic campaigns and helping clients meet business goals. Lawler founded Osmosis in 2011, which was then purchased by Ruder Finn in 2020.
"And the vanguard of this brave new world is wonderfully represented each year by the diverse and energetic group of individuals who fight off fierce competition and are named to PRWeek's annual 40 Under 40 list," said Steve Barrett, VP, editorial director, of PRWeek. "They are focused on doing excellent work for their employers while also making the world a better place. And that has never been more important than in these febrile and tumultuous times."
The award will be presented at an in-person ceremony on October 27th at the Edison Ballroom in New York City.
About Ruder Finn
Ruder Finn is one of the world's largest independent global communications and creative agencies. Founded in 1948, Ruder Finn has defined and redefined PR for more than 70 years, shaping communications that help move industry-defining brands, companies, and leaders from what's now to what's next. Headquartered in New York, Ruder Finn provides clients with bold communications strategies based on a global perspective and localized market knowledge that redefine leadership, reimagine the marketplace, and rethink customer experiences around a shared sense of purpose. The agency is organized around four core areas of expertise: Health & Wellness, Corporate Reputation, Technology & Innovation and Consumer Connection. Specialty practices include RF Relate, RFx Studios, ICX and RF TechLab. Ruder Finn has offices across 4 continents including the U.S., Asia, Europe, and the Middle East. Wholly owned agencies within Ruder Finn Group include: Ruder Finn Inc., Peppercomm, Comunicad, Mantis PR, RLA Collective, SPI Group, Osmosis Films, jacobstahl, RF Bloom and Bloom Health. For more information visit www.ruderfinn.com.
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SOURCE Ruder Finn | https://www.wibw.com/prnewswire/2022/08/02/ruder-finn-senior-md-james-lawler-named-one-prweeks-40-under-40/ | 2022-08-02T20:00:07Z |
AUSTIN, Texas (AP) — Well before the sun came up Thursday, Jazmin Cazares sat on her sister’s bed and wept for the 9-year-old killed in the Uvalde school rampage one month ago.
Then the teenager with purple-streaked hair got up for the four-hour drive to the Texas Capitol, where she tearfully pleaded with lawmakers to pass tougher gun laws and questioned why so many security measures failed.
“I shouldn’t have to be here right now. I should be at home watching a movie with my sister,” she said through sniffles. “I’m here begging for you guys to do something or to change something, because the people that were supposed to keep her safe at school didn’t, they failed.”
Her sister Jacklyn — a tough-minded and compassionate girl who dreamed of visiting Paris and becoming a veterinarian — was one of 19 children shot to death inside Robb Elementary School on May 24 before police stormed the classroom and killed the gunman. Two teachers also died.
The massacre and a string of recent mass killings in the U.S. have renewed the debate over gun laws, school safety and how to stop the violence. In Texas, lawmakers have responded to several mass shootings in recent years by making it easier to carry guns, rather than to clamp down.
Jazmin’s testimony before a committee of lawmakers looking at how to prevent mass shootings came as Congress moved toward passing its most far-reaching gun violence bill in decades and the U.S. Supreme Court issued a ruling saying Americans have the right to carry firearms in public.
But all that mattered to the 17-year-old about to enter her final year of high school was that something be done to make schools safer. She said she’s been doing active shooter drills since she was in pre-kindergarten.
“It’s terrifying, not knowing if it’s true or not every single time we go into lockdown. And then having to go back to school next year?” she said. “Going to school shouldn’t have to be a decision. But it is. I have my senior year, that’s it. Am I going to survive it?”
Cazares told lawmakers they could honor the victims by adopting gun background checks and “red flag laws” that allow removing guns from people at extreme risk of harming themselves or others.
The Uvalde gunman was a former student, Salvador Ramos, who days after turning 18 bought the AR-15-style semi-automatic rifle he used in the attack.
“There should be absolutely no reason this murderer could have access to a firearm,” Cazares said, who later said she knew committee members were listening when she saw them tear up.
“I felt it. It felt genuine,” she said.
The Republican-controlled legislature in Texas has stripped away gun restrictions over the past decade, even as the state suffered mass shootings that have killed more than 85 people since 2018.
The state doesn’t require a permit to carry a long rifle like the one used in Uvalde, and it allows 18-year-olds to buy them. Last year, lawmakers made it legal for anyone 21 and older to carry a handgun in public without a license, background check or training.
Jazmin Cazares told lawmakers that since the shooting she has reviewed the school’s security rules, ticking off a list of requirements that failed to stop the shooter, including that teachers are told to keep their doors locked at all times.
“How, when some of those classroom doors didn’t lock?” she said, with family members sitting behind her wearing T-shirts featuring pictures of Jacklyn and the words “Forever in our hearts.”
Her family’s grief, she said, is compounded by the knowledge that some of what happened at Robb Elementary could have been prevented.
Her little sister, she said, loved singing and dancing and “was one of the sweetest souls anyone would ever meet.”
Jacklyn and her cousin, Annabell Rodriguez, were best friends, part of a close-knit quintet of classmates. All five died in the shooting.
Right after Jazmin testified, a woman who lost her parents in a 1991 shooting that left two dozen dead in Killeen, Texas, told the committee that waiting periods for gun sales are “worthless” and gun-free zones should be eliminated.
“Let’s be clear that the gun, it’s just a tool. It’s a tool that can be used to kill a family, but it’s a tool that can be used to protect a family,” said Suzanna Hupp.
Hupp, a former Republican lawmaker, said she was invited to address the committee by one of its co-chairs.
After Hupp spoke, Jacklyn’s father, Javier Cazares, followed her into a hallway and they exchanged handshakes and a brief hug.
“There is a bond there, just automatically, unspoken,” Hupp said. “In one sense, it was my parents, and they died quickly and they died together. I can’t imagine losing a kid. I can’t even go there in my head.”
Days after the Uvalde tragedy, Javier Cazares, told of how he rushed to the school and kept a close watch on children fleeing the school to catch a glimpse of his 9-year-old “firecracker.”
He and other parents grew frustrated that police weren’t doing more. “A lot of us were arguing with the police, ‘You all need to go in there,’” said Cazares, an Army veteran.
Cazares said Thursday that he still struggles to trust the constantly evolving timelines from state police. “Nobody wants to get blamed for what their actions were that day,” he said.
During a break in the hearing, Cazares and his family met with about 10 police chiefs and officers in a hallway. “We failed you,” Stan Standridge, chief of police in San Marcos, Texas, told the family.
The delays and mistakes in the law enforcement response are now central to multiple investigations. The head of the Texas state police this week called it an “abject failure,” and said the police reaction ignored everything learned since the Columbine High School shooting in Colorado in 1999.
Police had enough officers and firepower to stop the gunman three minutes after he entered the school, Col. Steve McCraw, director of the Texas Department of Public Safety, said Tuesday. But police officers armed with rifles waited in a school hallway for more than an hour before going into the classroom and killing the gunman.
He put much of the blame for the delays on Pete Arredondo, the Uvalde school district police chief who McCraw said was the commander in charge.
The school district put Arredondo on administrative leave on Wednesday. Uvalde Consolidated Independent School District Superintendent Hal Harrell said the facts of what happened remain unclear.
Arredondo has said he didn’t consider himself in charge and assumed someone else had taken control. He has declined repeated requests for comment from The Associated Press.
Uvalde’s mayor pushed back against casting blame on Arredondo, saying the Department of Public Safety has repeatedly released false information and glossed over the role of its own officers.
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Stengle reported from Dallas. Associated Press photographer Eric Gay in Austin and writer John Seewer in Toledo, Ohio, contributed to this report.
___
Find more AP coverage of the Uvalde school shooting: https://apnews.com/hub/uvalde-school-shooting | https://cw33.com/news/u-s-news/ap-us-headlines/uvalde-victims-sister-pleads-for-gun-safety-measures/ | 2022-06-24T15:08:07Z |
NEW YORK, June 8, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Pegasystems Inc. ("Pegasystems" or the "Company") (NASDAQ: PEGA). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Pegasystems and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On May 29, 2020, Pegasystems was sued by one of its principal competitors, Appian Corporation ("Appian"), in Virginia circuit court, alleging that Pegasystems had stolen Appian's trade secrets and violated Virginia's computer crime law. Then, on May 9, 2022, Pegasystems disclosed that the Virginia circuit court jury awarded Appian more than $2 billion for Pegasystem's misappropriation of trade secrets. According to press reports, during the seven-week trial, the jury was presented with substantial evidence supporting Appian's claims, including videos, emails, and text messages, and evidence that Alan Trefler, Pegasystem's Founder and Chief Executive Officer, personally attended a meeting in which Appian trade secrets were provided to Pegasystems. The jury found that Pegasystems engaged in "willful and malicious" misappropriation of Appian's trade secrets.
On this news, Pegasystem's stock price fell $13.68 per share, or 20.75%, to close at $52.25 per share on May 10, 2022.
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/2022/06/09/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-pegasystems-inc-pega/ | 2022-06-09T01:47:50Z |
Leading Software and Hardware Providers Increase Power and Flexibility of Sony's Professional Display Solutions While Addressing the Needs of Vertical Markets
PARAMUS, N.J., June 2, 2022 /PRNewswire/ -- Sony Electronics has aligned with strategic partners across the AV industry to offer compatible software and hardware solutions that bring additional power, creative freedom and enhanced compatibility to its lineup of professional displays. This growing partner ecosystem, which launched last year, includes many of the leading solutions providers focused on digital signage, conference collaboration and mounting.
"Sony's display solutions, including our professional BRAVIA lineup and Crystal LED video wall are chosen by the community because of their superior image quality, reliability and flexibility," said Theresa Alesso, President, Imaging Products & Solutions Americas, Sony Electronics. "Since we formally announced our AV Collaborative Alliances Program last year, the reception from partners and the community has been extremely positive. By combining our collective strengths with those of our collaborators, we're committed to creating more compatibility and integration and providing more value for our users in a growing range of vertical markets – giving them yet another reason to seamlessly deploy our state-of-the-art displays."
With a focus on interactivity, certification and compatibility, the program supports businesses across the AV spectrum, integrating with software solutions and hardware that address digital signage, IPTV, device management, computer vision and AI, AV control systems and unified communications.
Charter Alliance Partners include:
- Appspace
- Crestron
- Draper
- Korbyt
- Navori Labs
- Peerless-AV
- Skykit
- Spectrio
- TSI Touch
- Webex by Cisco
At InfoComm 2022, June 8-10 in Las Vegas, Sony will be showcasing key Alliance Partners and technology collaborators. See integrated conference collaboration solutions from Crestron (XiO Cloud®), Cisco (WebEx), Logitech and Pexip paired with Sony's BRAVIA professional displays including Airplay and Chromecast demos. Strategic digital signage collaborators will be demonstrating how Sony is strengthening its vertical market approach, including Spectrio (corporate), Navori Labs (retail), Skykit (education), Appspace (healthcare) and Korbyt (transportation). Hardware partners including Peerless-AV, Draper and TSI Touch will also support Sony's BRAVIA professional displays and Crystal LED video walls and create a richer experience for users and attendees.
In related news, Sony's BRAVIA professional displays recently received certifications from both Crestron and Cisco. With prior certification for Crestron Connected, Sony has now integrated its latest Technology Operations Management Platform, XiO Cloud®, enabling businesses to access its workplace technology all in one place. As a certified partner, Crestron's XiO Cloud® platform allows customers to deploy, monitor and manage Sony's displays from a centralized location, reducing installation time and increasing uptime. The displays are also Webex certified and integrated with Webex Room Kit Series, the market leading devices for video meetings and virtual team collaboration.
As the program evolves, additional partnerships, certifications and compatibility testing will be announced. For more information on the program and to see a full list of supported, compatible and Alliance Partners, please visit https://pro.sony/alliances.
Sony Electronics is a subsidiary of Sony Corporation of America and an affiliate of Sony Group Corporation, one of the most comprehensive entertainment companies in the world, with a portfolio that encompasses electronics, music, motion pictures, mobile, gaming, robotics and financial services. Headquartered in San Diego, California, Sony Electronics is a leader in electronics for the consumer and professional markets. Operations include research and development, engineering, sales, marketing, distribution and customer service. Sony Electronics creates products that innovate and inspire generations, such as the award-winning Alpha Interchangeable Lens Cameras and revolutionary high-resolution audio products. Sony is also a leading manufacturer of end-to-end solutions from 4K professional broadcast and A/V equipment to industry leading 4K and 8K Ultra HD TVs. Visit http://www.sony.com/news for more information.
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SOURCE Sony Electronics | https://www.kxii.com/prnewswire/2022/06/02/sony-electronics-designates-charter-members-professional-av-alliance-partner-network/ | 2022-06-02T16:03:10Z |
Leading HVAC Distributor Expands into Heil Equipment
NEW LENOX, Ill., April 13, 2022 /PRNewswire/ -- Munch's Supply (the "Company"), a leading Midwest-based heating, ventilation and air conditioning ("HVAC") distributor has acquired System Aire Supply Company and Control Aire Supply Company (SASCO/CASCO) including its branches in Western Massachusetts and Connecticut. This will expand the Company's geographic footprint to 70 locations serving 17 states and one Canadian province.
"We are pleased to welcome the SASCO/CASCO organization into the Munch family of brands and are excited to represent the Heil equipment line in western Massachusetts and Connecticut," said Bob Munch.
"Our team has proudly served our markets for more than 40 years and we look forward to the additional opportunities that this partnership offers both our customers and employees," said Gary Corliss, owner.
"Superior customer service will remain our number one priority. We are pleased to welcome both the customers and employees at SASCO/CASCO to the Munch family of brands," added Munch.
"We are so happy to find a trusted partner like Munch's to help us carry forward the SASCO/CASCO legacy," added Ed Maluszewski, owner.
The acquisition demonstrates Munch's ongoing dedication to the HVAC and plumbing marketplace and reinforces its commitment to partnering with family and customer-service focused businesses looking for either a long-term partnership or an exit strategy.
Munch's Supply has been operating in the Chicagoland area for more than 65 years and is consistently ranked as a top 10 HVAC distributor in the United States. Marcone, a leading distributor of home appliance, HVAC and plumbing repair parts and equipment across North America acquired Munch's Supply, LLC in 2021, and strives to become the hub for parts and services to the home.
About Munch's Supply
Munch's Supply was founded in 1956 by Willard Munch, who wanted to develop a local source of electrical supplies for area contractors. Today the company has more than 1,000 employees focused exclusively on supplying heating, cooling and plumbing industry contractors with quality products. For more than 65 years, Munch's Supply has operated with a commitment to service as a leading distributor for trusted brands such as American Standard, Trane, Mitsubishi, Rheem, IPEX, AO Smith, Kohler, Tempstar, Keeprite and Frigidaire. Through Munch's Holdings, LLC, it operates Munch's Supply, Tommark, O'Connor Company, Comfort Air Distributing, C&L Supply HVAC and Plumbing, API of NH and Delta T, Marks Supply and TML Supply which continue to serve as the premier sources for HVAC and plumbing equipment and supplies to contractors throughout North America. Visit www.munchsupply.com.
About Marcone
Marcone is an authorized distributor for major brands such as Whirlpool, Electrolux, General Electric, Maytag, Bosch, Samsung, L-G and many more. Through its vast distribution network, Marcone supplies the largest inventory of original replacement parts in the country for household appliances such as refrigerators, ranges, dishwashers, microwaves, washers, and dryers. Marcone exports globally and also operates a comprehensive training institute offering quality business and technical training. Headquartered in St. Louis, Marcone operates 113 facilities, has approximately 2,000 employees, and serves approximately 43,000 technician customers. For more information, visit www.marcone.com.
Media Contacts:
Mary Jo Hann
Munch's Supply
Maryjo.hann@munchsupply.com
847-833-5223
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SOURCE Munch’s Supply | https://www.kxii.com/prnewswire/2022/04/13/munchs-supply-marcone-company-acquires-new-england-based-sascocasco/ | 2022-04-13T12:33:03Z |
SAN JOSE, Calif., May 24, 2022 /PRNewswire/ -- OptraSCAN®, the leading end-to-end digital pathology solution provider, announced its digital pathology scanner OS-SiA has been granted US patent - No 2020/0334814 A1 by the United States Patent and Trademark Office. OS-SiA has inbuilt intelligence to scan, index and analyze pathological samples simultaneously. This will benefit the end-user to view the whole slide scanned image along with analyzed output as an overlay during their review process.
The patent describes a technique invented by OptraSCAN, the AI-enabled digital pathology scanner OS-SiA automatically identifies specimens to scan and simultaneously analyzes the tissue or cell area being scanned. OS-SiA is the industry's first AI-enabled digital scanner that will provide real-time predictive analysis and actionable insights.
"Currently, the digital pathology slide scanners are restricted to partial or whole slide image acquisition and digitization into an image. Our next-generation scanner OS-SiA scans and analyzes simultaneously eliminating the need for additional processing applications," said Abhi Gholap, Founder & CEO, OptraSCAN. "This patent highlights our constant efforts to improve the adoption of digital pathology solutions and support the pathology community."
OS-SiA can be embedded in the existing series of its cloud-enabled brightfield scanners namely OS-Lite & OS-Ultra. The custom algorithms provide real-time ROI detection while scanning, cell quantification for IHC/HNE markers, and morphological measurements built using the core library. The whole slide image can be viewed in a local / web-based / cloud-based image viewer. The deep learning computational module is provided for self-learning in the scanning device.
"This is the kind of breakthrough we need to accelerate the adoption of digital pathology, simultaneous scanning and analysis will help pathologists make faster decisions and improve patient outcomes." Dr. Zu-Hua Gao MD, Medical Advisor at OptraSCAN and Chair - Pathology, University of British Columbia.
About OptraSCAN, Inc:
OptraSCAN® are pioneers in the On-Demand Digital Pathology® System, focused on delivering fully integrated, affordable solutions that will maximize your return on investment and improve the performance of your pathology services. An ISO 13485 certified company and CE marked whole slide scanners for IVD use, OptraSCAN is working to eliminate the barriers to 'Go Digital' no matter the size of the pathology lab, the lab's throughput, or global location.
OptraSCAN's end-to-end digital pathology solution provides effective acquisition of whole slide images, viewing, storing, real-time sharing, reporting and AI & ML based Image analysis solutions via On-Demand or outright purchase model. Follow Us on LinkedIn and Twitter.
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MALMÖ, Sweden, May 30, 2022 /PRNewswire/ -- Hansa Biopharma AB (publ), Reg. No. 556734-5359 ("Hansa Biopharma"), with registered office in Lund, gives notice to Annual General Meeting on Thursday June 30, 2022.
The Annual General Meeting in Hansa Biopharma will be conducted by advance voting only, without physical presence of shareholders, proxies and third parties. Hansa Biopharma welcomes all shareholders to exercise their voting rights at this Annual General Meeting through advance voting on the basis of temporary statutory rules, according to the procedure set out below. Information on the resolutions passed at the Annual General Meeting will be published on June 30, 2022, as soon as the result of the voting has been finally confirmed.
Notification of participation
Shareholders who wish to participate in the Annual General Meeting must (i) be included in the share register maintained by Euroclear Sweden AB as of June 21, 2022 and (ii) notify its intention to participate in the Annual General Meeting no later than June 29, 2022 by casting their advance vote in accordance with the instructions under the heading Advance voting below, so that the advance voting form is received by Hansa Biopharma no later than that day.
To be entitled to participate in the Annual General Meeting, in addition to providing notification of participation, a shareholder whose shares are held in the name of a nominee must register its shares in its own name so that the shareholder is recorded in the share register as at June 21, 2022. Such registration may be temporary (so-called voting right registration) and is requested from the nominee in accordance with the nominee's procedures and such time in advance as the nominee determines. Voting right registrations completed not later than the second banking day after June 21, 2022 are taken into account when preparing the register of shareholders.
Advance voting
The shareholders may exercise their voting rights at the general meeting only by voting in advance, so called postal voting in accordance with Section 22 of the Act (2022:121) on temporary exceptions to facilitate the execution of general meetings in companies and other associations.
A special form shall be used for advance voting. The form is available on Hansa Biopharma's webpage, www.hansabiopharma.com, section This is Hansa, subsection Corporate Governance, under General Meeting 2022. The advance voting form is considered as the notification of participation.
The completed voting form must be received by Hansa Biopharma no later than Wednesday June 29, 2022. The form may be submitted via e-mail to hansabiopharma@vinge.se or by post to Advokatfirman Vinge KB, Att: Anders Sundin Lundberg, Box 1703, SE-111 87 Stockholm, Sweden. If the shareholder votes in advance by proxy, a power of attorney shall be enclosed to the form. If the shareholder is a legal entity, a certificate of incorporation or a corresponding document shall be enclosed to the form. The shareholder may not provide special instructions or conditions in the voting form. If so, the vote (i.e. the advance vote in its entirety) is invalid. Further instructions and conditions are included in the form for advance voting.
Proposed agenda
- Election of chair of the meeting.
- Election of one or two persons to attest the minutes.
- Preparation and approval of the voting list.
- Approval of the agenda.
- Determination as to whether the meeting has been duly convened.
- Presentation of the annual report and the auditors' report and the consolidated financial statements and the auditors' report for the group.
- Resolution:
- Determination of the
- Determination of fees for
- Election of the members of the Board of Directors
- Election of the chair of the Board of Directors.
- Election of auditors.
- Proposal regarding principles for appointing the Nomination Committee.
- Presentation of the Board of Directors' remuneration report for approval.
- Proposal regarding guidelines for executive remuneration.
- Proposal regarding the amendment of the articles of association.
- Proposal to adopt a long-term incentive program based on performance-based share rights for employees at Hansa Biopharma.
- Proposal to adopt a long-term incentive program based on employee stock options for employees at Hansa Biopharma.
- Proposal regarding resolution on authorization for the Board of Directors to resolve on new issue of ordinary shares and warrants and/or convertibles.
The Nomination Committee's proposals
The Nomination Committee's proposals for election of chair to the meeting, members of the Board of Directors, chair of the Board of Directors, auditor and determination of fees (items 1 and 8-12)
The Nomination Committee, composed of Laura Feinleib (temporary replacement for Natalie Berner and representing Redmile Group), Lotta Sjöberg (representing Handelsbanken Fonder), and Jannis Kitsakis (representing AP4), has submitted the following proposals for resolution:
- Dain Hård Nevonen, member of the Swedish Bar Association, from Advokatfirman Vinge or, in case of his impediment, the person instead appointed by the Board of Directors, is proposed to be elected chair of the Annual General Meeting (item 1).
- The Board of Directors is proposed to consist of six (6) directors and no deputy directors (item 8 (a)).
- One registered accounting firm is proposed to be appointed auditor with no deputy auditors (item 8 (b)).
- Remuneration to the Board of Directors is proposed to remain unchanged and to amount to SEK 900,000 to the chair of the Board of Directors and SEK 300,000 each to the other members of the Board of Directors. The remuneration to the chair of the Audit Committee should be SEK 150,000 and SEK 75,000 to each other member in the Audit Committee, SEK 40,000 to the chair of the Remuneration Committee and SEK 25,000 to each other member in the Remuneration Committee, SEK 25,000 to each member in the Scientific Committee and USD 20,000 to the chair of the U.S. Committee (item 9 (a)).
- Audit fee is proposed to be in accordance with approved account (item 9 (b)).
- Re-election of members of the Board of Directors Anders Gersel Pedersen, Andreas Eggert, Eva Nilsagård, Hilary Malone and Mats Blom and election of Peter Nicklin as a new member of the Board of Directors, all for the time until the end of the next Annual General Meeting (items 10 (a) – (g)). Ulf Wiinberg is not standing for re-election. Peter Nicklin is proposed to be elected as chair of the Board of Directors for the time until the end of the next Annual General Meeting (item 11).
- Re-election of the auditor KPMG AB. If re-elected, KPMG AB has informed that Stefan Lundberg will be the principal auditor for the period until the end of the next Annual General Meeting. The proposal is in accordance with the Audit Committee's recommendation (item 12).
Information on the proposed new member of the Board of Directors
Peter Nicklin
Peter Nicklin (born 1963, German and British citizen) is currently chairman of the boards of Versantis AG, Sciensus Ltd (previously Healthcare at Home), and Tunstall Group Ltd. Peter has significant experience in leading global teams in large and mid-size companies within life-science. He was recently CEO at Amann Girrbach leading the business through its successful ownership change and has held global senior / executive positions at Baxter, Bayer Healthcare, Novartis Pharma and Bristol Myers Squibb. Peter has also been advisor to several medtech and bio-pharma companies based both in the U.S. and the EU. Peter is qualified as a Chartered Accountant and holds a bachelor's degree in finance from the University of Lancaster. Whilst having spent significant time working across the globe, Peter now lives in Europe.
Peter is independent of Hansa Biopharma and its senior management and is independent of major shareholders of Hansa Biopharma. Peter does not hold shares in Hansa Biopharma.
Information regarding the individuals proposed by the nomination committee for re-election is available at the company's webpage, www.hansabiopharma.com.
The Nomination Committee's proposal for resolution regarding principles for appointing the Nomination Committee (item 13)
The Nomination Committee proposes that the Annual General Meeting resolves that the principles for appointing the Nomination Committee shall be left essentially unchanged from the previous year, which are those described below:
The Nomination Committee shall consist of representatives for the three largest, in terms of votes, registered shareholders per August 31, 2022. Should such shareholder not wish to appoint a member, the largest shareholder, in terms of votes, thereafter shall be invited to appoint a member in the Nomination Committee until three members have been appointed. The names of the members of the Nomination Committee shall be made public no later than six months prior to the Annual General Meeting of 2023. The Nomination Committee shall appoint the member representing the largest shareholder as chair, unless the Nomination Committee decides otherwise. The term of office for the Nomination Committee shall be until a new Nomination Committee has taken office.
Should any of the members of the Nomination Committee, before the assignment of the Nomination Committee has been fulfilled, resign or no longer represent the shareholder who appointed that member, such a member be replaced by a new member appointed by that shareholder. Should any shareholder not represented in the Nomination Committee be larger, in terms of votes, than any other shareholder represented in the Nomination Committee, the larger shareholder in terms of votes shall be entitled to appoint a member to the Nomination Committee, whereby the member representing the smallest, in terms of votes, shareholder shall leave the Nomination Committee. Unless there are special circumstances, no changes shall be made in the composition of the Nomination Committee if there are only marginal changes in the number of votes held or if the change occurs later than three months before the next Annual General Meeting.
The Nomination Committee shall be entitled to charge the company for costs of e.g. recruitment consultants and other consultants that are necessary for the Nomination Committee to be able to fulfil its assignment. Further, the Nomination Committee is authorized to co-opt additional members, if deemed appropriate, however, any such co-opted member shall not be entitled to vote. The members of the Nomination Committee shall not be entitled to any remuneration from the company for their work. The Nomination Committee shall present proposals for the chair of the meeting, board members, chair of the Board of Directors, remuneration to the board, auditors, remuneration to the auditors and the principles for the Nomination Committee before the Annual General Meeting 2023.
The Nomination Committee shall follow the assignments set out in the Swedish Corporate Governance Code.
The Board of Directors' proposals
Election of one or two persons to attest the minutes (item 2)
Jannis Kitsakis (AP4), or if he is prevented, the person instead appointed by the Board of Directors is proposed to be elected to approve the minutes of the Annual General Meeting together with the Chair. The task of approving the minutes of the Annual General Meeting also includes verifying the voting list and that the advance votes received are correctly stated in the minutes of the Annual General Meeting.
Resolution regarding allocation of the company's result (item 7(b))
The Board of Directors proposes that the distributable assets available at the Annual General Meeting's disposal shall be carried forward and that no dividend shall be paid.
Proposal regarding guidelines for executive remuneration (item 15)
The Board of Directors proposes that the Annual General Meeting resolves to adopt guidelines for executive
remuneration in accordance with the following.
The senior executives, the CEO and members of the executive committee, fall within the provisions of this policy. To the extent a board member conducts work for the Company, in addition to the board work, consulting fees and other compensation for such work may be paid. The policy is forward looking, i.e. applicable to remuneration agreed, and amendments to remuneration already agreed, after adoption of the policy by the Annual General Meeting in 2022.
A prerequisite for the successful implementation of the company's business strategy and safeguarding of its long-term interests, including its sustainability, is that the company is able to recruit and retain qualified personnel, consequently, it is necessary that the company offers market competitive remuneration.
For information regarding Hansa Biopharma's strategic priorities, please visit https://hansabiopharma.com/this-is-hansa/our-commitment/
For information regarding Hansa Biopharma's equity story, please visit https://investors.hansabiopharma.com/English/our-equity-story/default.aspx
Long-term (share-based) incentive programs have been implemented in the company. Such programs have been resolved by the general meeting and are therefore excluded from these guidelines. The program includes, among others, the CEO and other senior executives in the company. The performance criteria used to assess the outcome of the plans are distinctly linked to the business strategy and thereby to the company's long-term value creation, including its sustainability.
For more information regarding these incentive programs, including the criteria which the outcome depends on, please see https://hansabiopharma.com/this-is-hansa/corporate-governance/.
This policy enables the company to offer senior executives a competitive remuneration. The remuneration shall be on market terms and may consist of the following components: fixed base salary, variable cash remuneration (including STI), pension benefits and other benefits. The components, their purpose and link to the company's business strategy are described below.
The decision-making process to determine, review and implement the policy
The Board of Directors has established a Committee within the Board (the Remuneration Committee), with the tasks of preparing, within the Board of Directors, the policy for remuneration for senior executives. The Board of Directors shall propose a revised policy at least every fourth year and submit it to the general meeting. The guidelines shall be in force until new guidelines are adopted by the general meeting. The Remuneration Committee shall also monitor and evaluate programs for variable remuneration for senior executives, the application of the guidelines for executive remuneration as well as the current remuneration structures and compensation levels in the company. The members of the Remuneration Committee are independent of the company and its executive management.
Unless otherwise stated herein, the Board of Directors shall resolve on matters regarding remuneration and employment provisions for all other senior executives. The CEO may decide upon Variable Cash Remuneration, including STI, for the other senior executives. The Remuneration Committee and the CEO, as applicable, shall continuously report to the Board of Directors. The CEO and the other senior executives shall not be present when their respective remuneration terms are decided.
Additionally, the general meeting may – irrespective of this policy – resolve on, among other things, share-related or share price-related remuneration.
Fixed Base Salary
Variable Cash Remuneration
A portion of the total remuneration for the senior executives are linked to business performance so that total remuneration will increase or decrease in line with performance, thus promoting the company's business strategy and long-term interests (see "Annual Short-Term Incentive (STI)" below).
For retention or recruitment purposes or extraordinary performance beyond the individual's ordinary tasks the Remuneration Committee, based on proposal of CEO, may, on an individual basis, decide on an additional variable cash remuneration. Such remuneration may not exceed an annual amount corresponding to 30 percent of the total fixed annual cash salary and may not be paid more than once each year per individual.
Annual Short-Term Incentive (STI)
Salary and employment conditions for employees
In the preparation of the Board of Directors' proposal for this remuneration policy, salary and employment conditions for employees of the company have been taken into account by including information on the employees' total income, the components of the remuneration and increase and growth rate over time.
Derogation from the policy
The Board of Directors may temporarily resolve to derogate from the policy, in whole or in part, if in a specific case there is special cause for the derogation and a derogation is necessary to serve the company's long-term interests, including its sustainability, or to ensure the company's financial viability. As set out above, the Remuneration Committee's tasks include preparing the Board of Directors' resolutions in remuneration-related matters. This includes any resolutions to derogate from the policy.
Description of material changes to the guidelines and how the views of shareholders' have been taken into consideration
In order to drive the business outcomes through a tailored employee incentive program that balances individual achievement and organisational contribution it is proposed that the performance criteria for the "Annual Short-Term Incentive ("STI") shall include both corporate and individual objectives. Furthermore, it is proposed that the performance criteria, weighting and targets for the individual objectives under the STI are to be proposed, evaluated and approved annually by the CEO as manager for members of the executive committee or, if it is not the CEO, then the respective manager for such members of the executive committee, and for the CEO the Remuneration Committee. The proposed adjustments have been reflected in these guidelines which will be subject to the shareholders' approval at the annual general meeting 2022.
During 2021, neither the Remuneration Committee nor the Board of Directors received any comments or questions from the shareholders on the remuneration guidelines adopted at the annual general meeting 2021.
Proposal regarding the amendment of the articles of association (item 16)
The Board of Directors proposes that the Annual General Meeting resolves that a new § 14, with the wording set out below, is included in the Articles of Association, subject to the U.S. Securities and Exchange Commission declaring the registration statement on Form F-1 relating to a potential initial public offering of American Depositary Shares in the U.S. representing common shares in Hansa Biopharma effective. The proposal entails, subject to the mentioned condition being fulfilled, that the Articles of Association will set out the forum for resolving certain U.S. securities related complaints.
§ 14
Without any infringement on Swedish forum provisions and without applying Chapter 7, Section 54 of the Swedish Companies Act (2005:551), the federal district courts of the United States of America shall be the sole and exclusive forum for resolving any complaint asserting a cause of action arising under the U.S. Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder, unless the Company consents in writing to the selection of an alternative forum.
Proposal for a long-term incentive program 2022 (item 17 - 18)
The Board of Directors proposes that the Annual General Meeting resolves to adopt a long-term incentive program for employees at Hansa Biopharma ("LTIP 2022"). LTIP 2022 includes two elements; one performance-based share rights program (item 17), and one employee stock option program (item 18). LTIP 2022 is generally structured in line with the previously adopted and outstanding incentive programs approved by the annual general meetings held 2018, 2019, 2020 and 2021 (the "Outstanding Incentive Programs"). For a description of the Outstanding Incentive Programs, please refer to the company's Annual Report for 2021, pages 95-100 (Eng. version), and the company's webpage, www.hansabiopharma.com. In addition to the described incentive programs, there are no other long-term incentive programs in Hansa Biopharma.
Proposal to adopt a long-term incentive program based on performance-based share rights for employees at Hansa Biopharma (item 17)
The Board of Directors proposes that the Annual General Meeting resolves to adopt a long-term incentive program based on performance-based share rights for employees of the Hansa Biopharma group, within the framework of LTIP 2022, (the "Share Rights Program 2022") in accordance with item 17(a). The decision to adopt the Share Rights Program 2022 in accordance with item 17(a) shall further be conditional upon that the general meeting resolves on hedging measures in accordance with item 17(b) or, if the majority required for resolution in accordance with item 17(b) is not met, in accordance with the proposal according to item 17(c) below.
Proposal to adopt the Share Rights Program 2022 (item 17(a))
The program in brief
The Share Rights Program 2022 is proposed to include the CEO, the broader leadership team and other key employees, meaning that a maximum of 45 individuals within the Hansa Biopharma group will be able to participate. Participants will be given the opportunity to receive ordinary shares free of charge within the framework of the Share Rights Program 2022, so-called "Performance Shares", in accordance with the terms and conditions set out below.
Within the framework of the Share Rights Program 2022, the company may allot participants rights to Performance Shares which means that, subject to certain conditions being met, the right to receive a Performance Share free of charge ("Share Rights").
The background and rationale for the proposal
The purpose of the Share Rights Program 2022 is to create the conditions for motivating and retaining competent employees within the Hansa Biopharma group and to increase the coherence between the employees', shareholders' and the company's objectives, as well as to increase the motivation to reach and exceed the company's financial and non-financial targets. The Share Rights Program 2022 has been designed so that the program includes both current and future senior executives and other key employees.
By offering Share Rights that are based on a combination of both, share price development and strategic goals, the participants are premiered for increased shareholder value/value-creating measures. The Share Rights Program 2022 also rewards employees' continued loyalty and thus the long-term value growth of the company. Further, the Board of Directors considers that the Share Rights Program 2022 will have a positive effect on the future development of the Hansa Biopharma group and will consequently be beneficial for both the company and its shareholders.
Terms and conditions
A Share Right may be exercised provided that the participant, with certain exceptions, from the start date of the Share Rights Program 2022 for each participant, up until and including the date three (3) years thereafter (the "Vesting Period"), is still employed by the Hansa Biopharma group. The last date for the start of the Share Rights Program 2022 shall be the day before the Annual General Meeting of Hansa Biopharma in 2023.
In addition to the requirement for the participant's continued employment according to the above, the final number of Performance Shares that each participant is entitled to receive shall also be conditional upon the following performance conditions being met during the Vesting Period (together, the "Performance Conditions"):
- 22 per cent of the Performance Shares in the event the U.S. FDA has approved imlifidase in the U.S. in any indication ("Performance Condition 1"),
- 11 per cent of the Performance Shares in the event that imlifidase has been approved, or a Marketing Authorization Application/Biologics License Application has been submitted, in any jurisdiction in an indication outside kidney transplant ("Performance Condition 2"),
- 11 per cent of the Performance Shares in the event that more than 80 per cent of the targeted transplantation centers in Europe had repeat business, i.e. used Idefirix more than once ("Performance Condition 3"), and
- 56 per cent of the Performance Shares related to the total shareholder return (the return to shareholders through an increased share price and reinvestments of any dividends during the Vesting Period) on the company's ordinary shares ("Performance Condition 4").
The above distribution of the number of Performance Shares is based on a valuation of each instrument and corresponds to a value-based distribution of approximately 24 per cent to Performance Condition 1, 12 per cent to Performance Condition 2, 12 per cent to Performance Condition 3 and 52 per cent to Performance Condition 4, respectively. This entails that participants will be entitled to 22 per cent of the Performance Shares if Performance Condition 1 is achieved, 11 per cent of the Performance Shares if Performance Condition 2 is achieved and 11 per cent of the Performance Shares if Performance Condition 3 is achieved. In addition, participants will under Performance Condition 4 be entitled to 56 per cent of the Performance Shares if the total shareholder return for the company's ordinary share during the Vesting Period reaches or exceeds 75 per cent. If the total shareholder return during the Vesting Period is less than 25 per cent, no allotment of Performance Shares will be made under Performance Condition 4. In between the percentages, allotment will be made linearly. The baseline for assessing the total shareholder return under Performance Condition 4 should be the volume weighted average share price during the 30 trading days immediately preceding the respective allotment of the Share Rights, (the "TSR Baseline"). In the event that the Performance Conditions, after the initial allotment, are not considered to be relevant incentives for Share Rights allotted in subsequent allocations under the program, these Performance Conditions may be replaced by other strategic goals for the company and further that the TSR Baseline may be the same as for the initial allocation.
The Share Rights shall, in addition to what is set out above, be governed by the following terms and conditions:
- Share Rights are allotted free of charge no later than the day before the Annual General Meeting 2023.
- Share Rights vest during the Vesting Period.
- Share Rights may not be transferred or pledged.
- Each Share Right entitles the participant to receive one Performance Share free of charge after the end of the Vesting Period (with certain exceptions where the Vesting Period may be accelerated) if the participant, with certain exceptions, is still employed by the Hansa Biopharma group by the end of the Vesting Period.
- In order to align the interests of the participant and the shareholders', the company will also compensate the participants for dividends paid by increasing the number of Performance Shares that each Share Right entitle to after the Vesting Period.
Preparation of the program, design and administration
The Board of Directors, or a special committee set up by the board, shall be responsible for preparing the detailed design and administration of the terms and conditions of the Share Rights Program 2022, in accordance with the presented terms and guidelines including provisions on recalculation in the event of an in-between bonus issue, share split, rights issue and/or similar measures. In connection therewith, the Board of Directors shall be entitled to make adjustments to meet specific foreign regulations or market conditions. The Board of Directors shall also be entitled to make other adjustments if significant changes occur in the Hansa Biopharma group or in its environment that would result in that the adopted terms for the Share Rights Program 2022 no longer fulfils their objectives or the rationale for the proposal including, inter alia, that adjustments may be decided with respect to the terms and conditions for measuring performance, and the basis for such calculation.
Allotment of Share Rights
The participants are divided into different categories and, in accordance with the above, the Share Rights under the Share Rights Program 2022 may be allotted to the following participants in the different categories:
In total, no more than 624,615 Share Rights may be allotted.
Delivery of Performance Shares and hedging arrangements
The Board of Directors has considered different methods for transfer of ordinary shares under the Share Rights Program 2022 in order to implement the program in a cost-effective and flexible manner and to limit dilution. The Board of Directors has found and therefore propose the structure including class C shares that have been implemented for the Outstanding Incentive Programs is the best option. The Board of Directors therefore proposes that the Annual General Meeting resolves in accordance with item 17(b) below, to authorize the Board of Directors to resolve to issue and repurchase class C shares which, after reclassification to ordinary shares, may be transferred to participants and be sold to cover social costs. If the majority required for resolution in accordance with item 17(b) is not met, the Share Rights Program 2022 shall instead be hedged through a resolution to conclude an equity swap-agreement, in accordance with the Board of Director's proposal under item 17(c) below.
Scope and costs for the Share Rights Program 2022
The Share Rights Program 2022 will be reported in accordance with IFRS 2, which means that the Share Rights will be expensed as non-cash personnel costs over the Vesting Period. The costs for the Share Rights Program 2022 is estimated to amount to SEK 21.8 million, excluding social contributions, accounted in accordance with IFRS 2 based on the following assumptions: (i) that 624,615 Share Rights are allotted, (ii) that the volume-weighted average share price at the beginning of the Share Rights Program 2022 is SEK 56 per ordinary share, (iii) that the performance conditions are fully met, and (iv) an estimated annual turnover of personnel of 5 per cent. Based on the same assumptions as above, and subject to social contributions of approximately 30 per cent and a share price increase of 75 per cent from the start of the Share Rights Program 2022 until the participants are allotted shares, the costs for social contributions are estimated to amount to SEK 15.7 million. The total cost in accordance with IFRS 2 for the Share Rights Program 2022, including social security costs, is therefore estimated at SEK 12.5 million per year over the Vesting Period, based on the same assumptions as above.
Dilution and effects on key ratios
Upon maximum allotment of Share Rights and provided that (i) the hedging arrangements in accordance with item 17(b) below are adopted, it is estimated that not more than 624,615 ordinary shares will be allotted to participants under the Share Rights Program 2022, and that 187,385 ordinary shares will be used to secure social contributions arising as a result of the Share Rights Program 2022 from already existing C-shares, the incremental dilution effect would amount to approximately 1.3 per cent of the total number of ordinary shares in the company.
Given the above assumptions regarding scope and costs, and under the assumption that the Share Rights Program 2022 was introduced in 2020, it is estimated that the key figure earnings per share for full year 2021 would have decreased from SEK -12.33 to approximately SEK -12.61.
The preparation of the proposal
The Share Rights Program 2022 has been prepared by the company's Board of Directors and its Remuneration Committee in consultation with external advisors. The Share Rights Program 2022 has been discussed by the Board of Directors at meetings held in May 2022.
Proposal regarding authorization for the Board of Directors to issue new class C shares, authorization to repurchase issued class C shares, transfer own ordinary shares to participants in the programs and the market (item 17(b))
The resolutions under this item 17(b) regarding authorization for the Board of Directors to issue new class C shares, authorization to repurchase issued class C shares, transfer own ordinary shares to participants in the Share Rights Program 2022, the Option Program 2022 (as proposed and defined under item 18) and the Outstanding Incentive Programs as well as in the market are proposed to be passed as one resolution.
Authorization for the Board of Directors to issue class C shares
The Board of Directors proposes that the Annual General Meeting resolves to authorize the Board of Directors, during the period until the Annual General Meeting 2023, on one or more occasions, to increase the company's share capital by not more than SEK 624,615 by the issue of not more than 624,615 class C shares, each with a quota value of SEK one (1). With deviation from the shareholders' pre-emption rights, the participating bank shall be entitled to subscribe for the new class C shares at a subscription price corresponding to the quota value of the shares. The purpose of the authorization and the reason for the deviation from the shareholders' pre-emption rights in connection with the issue of shares is to ensure delivery of shares to employees under the Share Rights Program 2022, the Option Program 2022 and/or the Outstanding Incentive Programs, as well as to secure potential social contributions arising as a result of the Share Rights Program 2022, the Option Program 2022 and/or the Outstanding Incentive Programs.
Authorization for the Board of Directors to repurchase class C shares
The Board of Directors proposes that the Annual General Meeting resolves to authorize the Board of Directors, during the period until the Annual General Meeting 2023, on one or more occasions, to repurchase class C shares. The repurchase may only be effected through an offer directed to all holders of class C shares and shall comprise all outstanding class C shares. Repurchases shall be effected at a purchase price corresponding to the quota value of the share. Payment for the acquired class C shares shall be made in cash. The purpose of the proposed repurchase authorization is to ensure delivery of shares to participants in the Share Rights Program 2022, the Option Program 2022 and/or the Outstanding Incentive Programs in accordance with the adopted terms and conditions and in order to secure possible social contributions arising as a result of the Share Rights Program 2022, the Option Program 2022 and/or the Outstanding Incentive Programs.
Resolution to transfer own ordinary shares
The Board of Directors proposes that the Annual General Meeting resolves that the class C shares that the company purchases by virtue of the authorization to repurchase its own class C shares in accordance with the proposal under this item 17(b) and class C shares issued pursuant to the proposal in item 18(b) as well as the class C shares currently held by the Company, following reclassification into ordinary shares, amounting to a total maximum of 2,712,678 ordinary shares (for avoidance of doubt, in total under the resolution to transfer own ordinary shares pursuant to this proposal and the proposal under item 18(b)), may be transferred free of charge to participants in the Share Rights Program 2022, the Option Program 2022, if approved, and/or to participants in the Outstanding Incentive Programs, in accordance with the approved terms and conditions, as well as be transferred on Nasdaq Stockholm, including through a financial intermediary, at a price within the registered price range at the relevant time, to cover any social contributions in accordance with the terms and conditions of the Share Rights Program 2022, the Option Program 2022, if approved, and/or to participants in the Outstanding Incentive Programs. The number of shares to be transferred is subject to recalculation in the event of a bonus issue, split, rights issue and/or other similar events.
Proposal on equity swap arrangements with third parties (item 17(c))
In the event that the required majority for item 17(b) above cannot be achieved, the Board of Directors proposes that the Annual General Meeting resolves to hedge the Share Rights Program 2022 by allowing Hansa Biopharma to enter into equity swap arrangements with third parties on market terms, where the third party in its own name will be able to acquire and transfer ordinary shares in Hansa Biopharma to the participants.
Proposal to adopt a long-term incentive program based on employee stock options for employees at Hansa Biopharma (item 18)
The Board of Directors proposes that the Annual General Meeting resolves to adopt a long-term incentive program for employees of the Hansa Biopharma group, within the framework of LTIP 2022, ("Option Program 2022") in accordance with items 18(a) below. The decision to adopt the Option Program 2022 in accordance with item 18(a) shall further be conditional upon that the general meeting resolves on hedging measures in accordance with item 18(b) or, if the majority required for resolution in accordance with item 18(b) is not met, in accordance with the proposal according to item 18(c) below.
Proposal regarding the adoption of Option Program 2022 (item 18(a))
The program in brief
The Option Program 2022 consist of employee stock options that can be allotted to the CEO, other senior executives and key employees, limited to a total maximum of 15 employees within the Hansa Biopharma group. The employee stock options have a vesting period of three (3) years (the "Vesting Period"), after which the holder is entitled to exercise the options for ordinary shares during a period of three (3) years in accordance with the terms and conditions set out below. The last day for allotment under the Option Program 2022 shall be the day before the Annual General Meeting for Hansa Biopharma 2023.
The background and rationale for the proposal
The purpose of the Option Program 2022 is to create the conditions for motivating and retaining competent employees within the Hansa Biopharma group and to increase the coherence between the employees', shareholders' and the company's objectives, as well as to increase the motivation to reach and exceed the company's financial and non-financial targets. The Option Program 2022 has been designed so that the program includes both current and future senior executives.
By offering options that are based on the share price development, the participants are premiered for increased shareholder value. The Option Program 2022 also rewards employees' continued loyalty and thus the long-term value growth of the company. Further, the Board of Directors considers that the Option Program 2022 will have a positive effect on the future development of the Hansa Biopharma group and will consequently be beneficial for both the company and its shareholders.
Terms and conditions
The company may allot employee stock options to the CEO, other senior executives and key employees. Each option entitles the participant to acquire one share in Hansa Biopharma in accordance with the following terms and conditions:
- The employee stock options will be allotted free of charge.
- Allotment requires that an acquisition of employee stock options can take place legally and that, according to the Board of Director's assessment, it can be carried out with reasonable administrative and financial efforts. The last day for allotment of employee stock options shall be the day before the Annual General Meeting 2023.
- The employee stock options carry a Vesting Period of three (3) years from the time when allotment to the participants has taken place. The employee stock options entitle, after vesting in accordance with the terms and conditions including, with certain exceptions, that the participant is still employed throughout the Vesting Period, the participant to subscribe for shares during a three (3) year period following vesting.
- The participant must, with certain exceptions, be employed within the group when the participant acquires shares on the basis of the Option Program 2022. For terminated employees acquisition of shares must occur within three (3) months of notice of termination.
- Each employee stock option that is transferred entitles the participant to acquire one share in the company at an exercise price corresponding to 125 per cent of the volume-weighted average share price during the 30 trading days immediately preceding the respective allotment of the employee stock options (the "Exercise Price"). In the event that the Exercise Price, after the initial allotment, is not considered to be appropriate for stock options allotted in subsequent allocations under the program, the Exercise Price may be decided to be the same as for the initial allocation.
- The Option Program 2022 shall be settled by using a net share-settlement method, as further described below.
- The employee stock options shall not constitute securities and may not be transferred or pledged.
- The exercise price for employee stock options, determined as set out above, shall be rounded to the nearest SEK 0.10, whereby SEK 0.05 shall be rounded downwards. The exercise price and the number of shares that each employee stock option entitles to subscription for shall be recalculated in the event of a split, consolidation, new share issue and/or similar measures in accordance with market practice.
Preparation of the program, design and administration
The Board of Directors, or a special committee set up by the Board of Directors, shall be responsible for preparing the detailed design and administration of the terms and conditions of the Option Program 2022, in accordance with the presented terms and guidelines including provisions on recalculation in the event of an in-between bonus issue, share split, rights issue and/or similar measures. In connection therewith, the Board of Directors shall be entitled to make adjustments to meet specific foreign regulations or market conditions. The Board of Directors shall also be entitled to make other adjustments if significant changes occur in the Hansa Biopharma group or in its environment that would result in that the adopted terms for the Option Program 2022 no longer fulfils their objectives or the rationale for the proposal.
Allocation of employee stock options
The right to receive employee stock options shall accrue to the CEO, senior executives and key employees, current and future, within the limits outlined in below table:
In total, not more than 452,307 employee stock options may be allotted.
Board members shall not be eligible to participate in the Option Program 2022.
Net share-settlement method for Option Program 2022
The Option Program 2022 shall be settled by using a net share-settlement method ("Net share-settlement"). The Net share-settlement entails that stock options are settled by delivering a number of shares corresponding to the Stock Option Value (as defined below) to the participants free of charge without any payment of the exercise price. The number of shares to be delivered is calculated by deducting the exercise price of the exercised options from the prevailing share price of the Hansa Biopharma common shares on the stock market at the time of exercise ("Market Price") (the "Stock Option Value") and dividing the Stock Option Value with the Market Price.
Illustrative example of Net share-settlement
A participant in Option Program 2022 holds 100 stock options with Market Price of the common shares of SEK 75 and Exercise Price of SEK 50. The difference between the Market Price and the Exercise Price is SEK 25 per option ("Stock Option Value"). Instead of the participant paying the Exercise Price (number of stock options (100) multiplied by the Exercise Price (SEK 50)) and the company delivering 100 shares worth 75 SEK each (Market Price), the company would use Net-settlement by delivering shares in an amount corresponding to the Stock Option Value divided with the Market Price ((25*100)/75) – i.e. the company would deliver 33.33 shares meaning 33 shares and SEK 25 in cash.
Scope and costs for the Option Program 2022
The Option Program 2022 will be reported in accordance with IFRS 2, which means that the option rights will be expensed as non-cash personnel costs over the Vesting Period. Costs related to the employee stock options are estimated to amount to SEK 7.2 million, excluding social contributions, accounted in accordance with IFRS 2 based on the following assumptions: (i) that 452,307 employee stock options are allotted, (ii) that the volume-weighted average share price, at the beginning of the Option Program 2022, is SEK 56 per ordinary share, and (iii) an estimated annual turnover of personnel of 5 per cent. Based on the same assumptions as above, and subject to social contributions of 30 per cent, and a share price increase of 75 per cent from the start of the Option Program 2022 until the employee stock options are exercised, the costs for social contributions are estimated to amount to SEK 3.3 million. The total cost in accordance with IFRS 2, including social security costs, is therefore estimated at SEK 3.5 million per year over the Vesting Period, based on the same assumptions as above.
Dilution and effects on key ratios
Upon maximum allotment of employee stock options and provided that (i) the hedging arrangements in accordance with item 18(b) below are adopted, it is estimated that not more than 226,154 ordinary shares will be allotted to participants under the Option Program 2022 using the Net-share-settlement, and that 67,846 ordinary shares will be used to secure social contributions arising as a result of the Option Program 2022 from already existing C-shares, which would entail an incremental dilution effect of approximately 0.5 per cent of the total number of ordinary shares in the company.
Given the above assumptions regarding scope and costs, and that Option Program 2022 was introduced in 2020 instead, it is estimated that the key figure earnings per share for full year 2021 would have decreased from SEK -12.33 to approximately SEK -12.41.
The preparation of the proposal
Option Program 2022 has been prepared by the company's Board of Directors and its Remuneration Committee in consultation with external advisors. Option Program 2022 has been discussed by the Board of Directors at meetings held in May 2022.
Proposal regarding authorization for the Board of Directors to issue new class C shares, authorization to repurchase issued class C shares, transfer own ordinary shares to participants in the programs and the market (item 18(b))
The resolutions under this item 18(b) regarding authorization for the Board of Directors to issue new class C shares, authorization to repurchase issued class C shares, transfer own ordinary shares to participants in the Option Program 2022, the Share Rights Program 2022 and the Outstanding Incentive Programs as well as in the market are proposed to be passed as one resolution.
Authorization for the Board of Directors to issue class C shares
The Board of Directors proposes that the Annual General Meeting resolves to authorize the Board of Directors, during the period until the Annual General Meeting 2023, on one or more occasions, to increase the company's share capital by not more than SEK 226,154 by the issue of not more than 226,154 class C shares, each with a quota value of SEK one (1). With deviation from the shareholders' pre-emption rights, the participating bank shall be entitled to subscribe for the new class C shares at a subscription price corresponding to the quota value of the shares. The purpose of the authorization and the reason for the deviation from the shareholders' pre-emption rights in connection with the issue of shares is to ensure delivery of shares to employees under the Option Program 2022, the Share Rights Program 2022 and/or the Outstanding Incentive Programs, as well as to secure potential social contributions arising as a result of the Option Program 2022, the Share Rights Program 2022 and/or the Outstanding Incentive Programs.
Authorization for the Board of Directors to repurchase class C shares
The Board of Directors proposes that the Annual General Meeting resolves to authorize the Board of Directors, during the period until the Annual General Meeting 2023, on one or more occasions, to repurchase class C shares. The repurchase may only be effected through an offer directed to all holders of class C shares and shall comprise all outstanding class C shares. Repurchases shall be effected at a purchase price corresponding to the quota value of the share. Payment for the acquired class C shares shall be made in cash. The purpose of the proposed repurchase authorization is to ensure delivery of shares to participants in the Option Program 2022, the Share Rights Program 2022 and/or the Outstanding Incentive Programs in accordance with the adopted terms and conditions and in order to secure possible social contributions arising as a result of the Option Program 2022, the Share Rights Program 2022 and/or the Outstanding Incentive Programs.
Resolution to transfer own ordinary shares
The Board of Directors proposes that the Annual General Meeting resolves that the class C shares that the company purchases by virtue of the authorization to repurchase its own class C shares in accordance with the proposal under this item 18(b) and class C shares issued pursuant to the proposal in item 17(b) as well as the class C shares currently held by the Company, following reclassification into ordinary shares, amounting to a total maximum of 2,712,678 ordinary shares (for avoidance of doubt, in total under the resolution to transfer own ordinary shares pursuant to this proposal and the proposal under item 17(b)), may be transferred free of charge to participants in the Option Program 2022, the Share Rights Program 2022, if approved, and/or to participants in the Outstanding Incentive Programs, in accordance with the approved terms and conditions, as well as be transferred on Nasdaq Stockholm, including through a financial intermediary, at a price within the registered price range at the relevant time, to cover any social contributions in accordance with the terms and conditions of the Option Program 2022, the Share Rights Program 2022, if approved, and/or to participants in the Outstanding Incentive Programs. The number of shares to be transferred is subject to recalculation in the event of a bonus issue, split, rights issue and/or other similar events.
Proposal on equity swap arrangements with third parties (item 18(c))
In the event that the required majority for item 18(b) above cannot be achieved, the Board of Directors proposes that the Annual General Meeting resolves to hedge the Option Program 2022 by allowing Hansa Biopharma to enter into equity swap arrangements with third parties on market terms, where the third party in its own name will be able to acquire and transfer ordinary shares in Hansa Biopharma to the participants.
Proposal regarding resolution on authorization for the Board of Directors to resolve on new issue of ordinary shares and warrants and/or convertibles (item 19)
Main proposal (item 19(a))
Hansa Biopharma is currently launching its lead asset, imlifidase for enabling kidney transplants in highly sensitized patients, in Europe and continues implementing efforts to potentially enable future regulatory approval and market access for this indication in other important markets while pursuing multiple pipeline building projects within transplantation, autoimmune diseases and gene therapy based on its validated technology platform. In this situation, it is important for the Company's ability to build and maximize shareholder value to have, and it is the purpose of the proposed authorization to provide, sufficient financial flexibility and a broad acting scope to the board of directors, in particular to match significant commercial and pipeline growth acceleration opportunities with the available financing mandate, provide flexibility to quickly respond to strategic opportunities such as partnerships or collaborations or to expand the shareholder constituency in certain investor markets or in connection with the listing of the shares on a U.S. stock exchange.
The Board of Directors proposes that the Annual General Meeting renews its previous authorization, which has not been used due to overall stock market conditions and to protect existing shareholders' interests, and resolves to authorize the Board of Directors to, until the next Annual General Meeting, on one or more occasions, decide upon issuances of new ordinary shares, issuance of warrants and/or convertibles. New issues of ordinary shares and issues of warrants and/or convertibles may occur with or without preferential rights for shareholders of the Company and may be made either in cash and/or by way of set-off or contribution in kind or otherwise on specific terms. The number of shares issued, or number of shares created in connection with exercise of warrants or conversion of convertibles, may not correspond to a dilution of more than 20 per cent of the total number of shares outstanding at the Annual General Meeting's resolution on the proposed authorization, after full exercise of the hereby proposed authorization.
Alternative proposal (item 19(b))
If the proposal in item 19(a) above does not get the required supportive votes from the Annual General Meeting to be passed, the Board of Directors proposes that it is given an authorization to issue new shares, warrants and/or convertibles corresponding to a dilution of not more than 10 per cent, on the same terms and conditions as stated above in item 19(a).
Majority requirements
Resolutions in accordance with items 16 and 19 above requires approval of at least two thirds (2/3) of the shares represented and votes cast at the Annual General Meeting. Resolutions in accordance with items 17(b) and 18(b) above requires approval of at least nine tenths (9/10) of both the votes cast and the shares represented at the Annual General Meeting.
Authorization
The CEO, or such person that the CEO may appoint, shall be authorized to make the minor adjustments in the resolutions adopted by the Annual General Meeting as may be required in connection with registration with the Swedish Companies Registration Office and Euroclear Sweden.
Shareholders' right to request information
Shareholders are reminded of their right to request information in accordance with Chapter 7 Section 32 of the Swedish Companies Act (Sw. aktiebolagslagen). A request for such information shall be made in writing to Hansa Biopharma AB (publ), att: Annual General Meeting, Box 785, SE-220 07 Lund, Sweden or via email to ir@hansabiopharma.com, no later than on June 20, 2022. Information relating to such requests will be made available at Hansa Biopharma AB (publ), Scheelevägen 22, SE-223 63 Lund, Sweden and on www.hansabiopharma.com no later than on June 25, 2022. The information will also be sent, within the same period of time, to shareholders who so request and state their address.
Shares and votes
At the time this notice was issued, the total number of shares in the company amounts to 46,335,361, of which 44,473,452 ordinary shares and 1,861,909 class C shares. All class C shares are held in treasury. The total number of votes in the company amounts to 44,659,642.9 of which the company holds 186,190.9 votes which may not be represented or voted for at the Annual General Meeting.
Documents
The annual report, the auditor's report, the remuneration report and other supporting documents for the Annual General Meeting, the proposal and motivated statement from the Nomination Committee as well as the statement from the auditor pursuant to Chapter 8 Section 54 of the Swedish Companies Act will be available to the shareholders at the company's office at Scheelevägen 22, SE-223 63 Lund, Sweden, and on the company's webpage www.hansabiopharma.com, no later than June 9, 2022, and will be sent to shareholders who so request and state their postal address.
Proxy forms for shareholders who would like to vote in advance through proxy are available at www.hansabiopharma.com.
For information on how your personal data is processed, see the integrity policy that is available at Euroclear's webpage www.euroclear.com/dam/ESw/Legal/Privacy-notice-bolagsstammor-engelska.pdf.
_____________________
This is an in-house translation of the Swedish original wording. In case of differences between the English translation and the Swedish original, the Swedish text shall prevail.
Lund, May 2022
Hansa Biopharma AB (publ)
The Board of Directors
For further information, please contact:
Klaus Sindahl, Head of Investor Relations
Hansa Biopharma
Mobile: +46 (0) 709-298 269
E-mail: klaus.sindahl@hansabiopharma.com
Katja Margell
Head of Corporate Communications
Hansa Biopharma
Mobile: +46 (0) 768-198 326
E-mail: katja.margell@hansabiopharma.com
About Hansa Biopharma
Hansa Biopharma is a pioneering commercial-stage biopharmaceutical company on a mission to develop and commercialize innovative, lifesaving and life altering treatments for patients with rare immunological conditions. Hansa has developed a first-in-class immunoglobulin G (IgG) antibody cleaving enzyme therapy, which has been shown to enable kidney transplantation in highly sensitized patients. Hansa has a rich and expanding research and development program, based on the Company's proprietary IgG-cleaving enzyme technology platform, to address serious unmet medical needs in transplantation, autoimmune diseases, gene therapy and cancer. Hansa Biopharma is based in Lund, Sweden and has operations in Europe and the U.S. The Company is listed on Nasdaq Stockholm under the ticker HNSA. Find out more at www.hansabiopharma.com.
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The 'Sabrah' 105/120mm light-tank turret will be presented for the first time, onboard the ASCOD AFV
HAIFA, Israel , June 14, 2022 /PRNewswire/ -- Elbit Systems' 'Sabrah' light-tank turret will make its public debut during Eurosatory 2022. The 105/120mm Manned /Unmanned turret will be presented integrated onboard the ASCOD Armored Fighting Vehicle (Hall 6, D567).
The 'Sabrah' Light Tank turret is the latest generation of two-man/optionally unmanned turret. It features an automatic loader, the COAPS gunner sight, panoramic day and night self-stabilized sights, fire control system, the Iron Vision Head Mounted Display, the Iron Fist Active Protection System, and he TORCH-X Command and Control system. The "Sabrah" light-tank solution provides a unique combination of powerful fire capability, improved situational awareness, enhanced protection and high maneuverability.
In addition, two MT30 Manned 30mm turrets will be displayed. One integrated onboard the Redback Infantry Fighting Vehicle (IFV) as part of the Hanwha Defense presentation (Hall 6, B567), and a second onboard an ASCOD IFV in the booth of General Dynamics European Land Systems (Hall 5A, E851). The 30mm turrets to be showcased onboard both the Redback and ASCOD IFVs integrate the latest in sensors, fire control, weapons and active protection systems including the Iron-Fist Active Protection System, the Iron Vision see-through helmet-mounted display technology, the COAPS panoramic day and night sight and the SPIKE LR2 missiles capability.
Elbit Systems' turret solutions and turret technologies are integrated onboard a range of armored vehicles across the globe with manufacturing and support facilities in three countries.
Yehuda (Udi) Vered, General Manager of Elbit Systems Land, commented: "This impressive display of turret solutions attests to the leading position we hold in this area and to the depth of our cooperation with platform manufacturers. Our turret solutions have been proving their mission effectiveness time and again. I am proud of our capacity to manufacture locally and of our track record of know-how sharing."
About Elbit Systems
Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios, cyber-based systems and munitions. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems.
For additional information, visit: https://elbitsystems.com, follow us on Twitter or visit our official Facebook, Youtube and LinkedIn Channels.
Company Contact:
David Vaaknin, VP, Brand & Corporate Communications
Tel: +972-77-2946691
david.vaaknin@elbitsystems.com
This press release may contain forward–looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management's current expectations, estimates, projections and assumptions about future events. Forward–looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions about the Company, which are difficult to predict, including projections of the Company's future financial results, its anticipated growth strategies and anticipated trends in its business. Therefore, actual future results, performance and trends may differ materially from these forward–looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others; changes in global health and macro-economic conditions; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; changes in the competitive environment; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.'s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward–looking statements speak only as of the date of this release. Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company does not undertake to update its forward-looking statements.
Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this Press Release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies. All other brand, product, service and process names appearing are the trademarks of their respective holders. Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein.
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SOURCE Elbit Systems Ltd. | https://www.kxii.com/prnewswire/2022/06/14/elbit-systems-portfolio-turrets-will-be-full-display-during-eurosatory-2022/ | 2022-06-14T06:40:51Z |
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SANTA CLARA, Calif., June 22, 2022 /PRNewswire/ -- Tuya Inc. ( "Tuya" or the "Company") (NYSE: TUYA), a global leading IoT cloud development platform, today announced the launch of its global offering (the "Global Offering") of 7,300,000 Class A ordinary shares of the Company, which comprises a Hong Kong public offering of initially 730,000 Class A ordinary shares (the "Hong Kong Public Offering") and an international offering of initially 6,570,000 Class A ordinary shares (the "International Offering"), both commencing on June 22, 2022 Hong Kong time, and dual-primary listing of its Class A ordinary shares on the Main Board of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") under the stock code "2391."
The Company's American depositary shares (the "ADSs"), each representing one Class A ordinary share of the Company, will continue to be listed and traded on the New York Stock Exchange ("NYSE"). Investors in the Global Offering will only be able to purchase Class A ordinary shares and will not be able to take delivery of ADSs. Upon listing of the Class A ordinary shares on the Hong Kong Stock Exchange, the Class A ordinary shares listed on the Hong Kong Stock Exchange will be fully fungible with the ADSs listed on the NYSE.
The initial number of Class A ordinary shares under the Hong Kong Public Offering and the International Offering represent 10% and 90% of the total number of Class A ordinary shares initially available under the Global Offering, respectively, subject to reallocation and over-allotment. Subject to the level of oversubscription in the Hong Kong Public Offering and pursuant to the clawback mechanism as described in the Hong Kong prospectus issued by the Company in Hong Kong dated June 22, 2022, the total number of Class A ordinary shares available under the Hong Kong Public Offering could be adjusted to up to a maximum of 3,650,000 Class A ordinary shares, representing 50% of the Class A ordinary shares initially available under the Global Offering. In addition, the Company expects to grant the international underwriters an over-allotment option to require the Company to issue up to an additional 1,095,000 Class A ordinary shares in the International Offering, representing not more than 15% of the total number of Class A ordinary shares initially available under the Global Offering.
The offering price for the Hong Kong Public Offering (the "Hong Kong Offering Price") will be no more than HK$22.80 per Class A ordinary share (the "Maximum Hong Kong Offering Price"), or US$2.90 per Class A ordinary share (equivalent to US$2.90 per ADS). The offering price for the International Offering tranche of the Global Offering (the "International Offering Price") may be set higher than the Maximum Hong Kong Offering Price. The Company will set the International Offering Price on or about June 27, 2022, Hong Kong time, by taking into consideration, among other factors, the closing price of the ADSs on the NYSE on the last trading day on or before June 27, 2022 and investor demand during the marketing process. If the International Offering Price is set at or lower than the Maximum Hong Kong Offering Price, the final Hong Kong Offering Price must be set at such price which is equal to the International Offering Price. In no circumstances will the final Hong Kong Offering Price be set above the Maximum Hong Kong Offering Price or the International Offering Price. The shares will be traded in board lots of 200 Class A ordinary shares.
The Company plans to use the net proceeds from the Global Offering for enhancing IoT technologies and infrastructure; enhancing its product offerings; improving sales and marketing; pursuing strategic partnerships, investments and acquisitions; and for working capital and other purposes.
China International Capital Corporation Hong Kong Securities Limited, Merrill Lynch (Asia Pacific) Limited and Morgan Stanley Asia Limited are the joint sponsors for the proposed Global Offering, and China International Capital Corporation Hong Kong Securities Limited, Morgan Stanley Asia Limited and Merrill Lynch (Asia Pacific) Limited are the joint global coordinators, joint bookrunners, and joint lead managers for the proposed Global Offering. CMB International Capital Limited and Tiger Brokers (HK) Global Limited are the joint bookrunners and joint lead managers for the proposed Global Offering.
The International Offering is being made only by means of a preliminary prospectus supplement dated June 22, 2022 and the accompanying prospectus included in an automatic shelf registration statement on Form F-3 filed with the U.S. Securities and Exchange Commission (the "SEC") on May 31, 2022, which automatically became effective upon filing. The registration statement on Form F-3 and the preliminary prospectus supplement are available at the SEC website at: www.sec.gov.
The proposed Global Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Global Offering may be completed, or as to the actual size or terms of the Global Offering. This press release shall not constitute an offer to sell or the solicitation of an offer or an invitation to buy any securities of the Company, nor shall there be any offer or sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. This press release does not constitute a prospectus (including as defined under the laws of Hong Kong) and potential investors should read the prospectus of the Company for detailed information about the Company and the proposed Global Offering, before deciding whether or not to invest in the Company. This press release has not been reviewed or approved by The Stock Exchange of Hong Kong Limited or the Securities and Futures Commission of Hong Kong.
The price of the Class A ordinary shares of the Company may be stabilized in accordance with the Securities and Futures (Price Stabilizing) Rules (Chapter 571W of the Laws of Hong Kong). The details of the intended stabilization and how it will be regulated under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) will be contained in the Hong Kong prospectus of the Company dated June 22, 2022.
About Tuya Inc.
Tuya Inc. (NYSE: TUYA) is a global leading IoT cloud development platform with a mission to build an IoT developer ecosystem and enable everything to be smart. Tuya has pioneered a purpose-built IoT cloud development platform that delivers a full suite of offerings, including Platform-as-a-Service, or PaaS, and Software-as-a-Service, or SaaS, to businesses and developers. Through its IoT cloud development platform, Tuya has enabled developers to activate a vibrant IoT ecosystem of brands, OEMs, partners and end users to engage and communicate through a broad range of smart devices.
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC. The forward-looking statements included in this press release are only made as of the date hereof, and the Company disclaims any obligation to publicly update any forward-looking statement to reflect subsequent events or circumstances, except as required by law. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty.
Investor Relations Contact
Tuya Inc.
Investor Relations
E-mail: ir@tuya.com
The Blueshirt Group
Gary Dvorchak, CFA
Phone: +1 (323) 240-5796
Email: gary@blueshirtgroup.com
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SOURCE Tuya Inc. | https://www.kxii.com/prnewswire/2022/06/22/tuya-inc-launches-global-offering/ | 2022-06-22T12:51:44Z |
Farmer who died from work injury is keeping others alive via organ donation
By John Lauritsen
Click here for updates on this story
SPRING VALLEY, Minnesota (WCCO) — April is National Donate Life Month, and a Minnesota farm family has a touching story about organ donation.
Last June, 42-year-old Eric Howard of Spring Valley fell off his semi-truck while loading corn and suffered a serious brain injury.
His 19-year-old son Luke performed CPR, but sadly, Eric later died at a Rochester hospital.
“He just taught the boys so much. He taught them work ethic, he taught them about helping others,” said Chris Howard, Eric’s wife.
Chris said her husband never said no to someone in need. But on June 19 of last year, it was Eric who needed help. The man she had loved since high school had been involved in a farm accident and was fighting for his life at Mayo Clinic in Rochester.
“I remember the doctor coming in saying that, ‘We have to do surgery and this is life or death,’” said Chris.
Despite their best efforts, Eric’s brain slowly shut down. Chris remembers the moment the neurologist told her the news.
“I was looking at the CT not comprehending, and she turned to me and she said, ‘Chris, what he’s saying is that the part that is Eric is gone,” said Chris.
During her family’s darkest moment, Chris saw an opportunity for Eric to continue to help others, even after his death.
Eric was an organ donor. And the CPR Luke performed on his dad made it possible to donate his organs — thanks to help from the nonprofit group, LifeSource.
“It’s truly a legacy of giving, and a legacy of hope. Hope for those in need of transplant,” said Susan Mau Larson of LifeSource.
On what would have been Eric’s 43rd birthday, Chris got a letter from the family of a man who received Eric’s heart.
“So she captioned it, ‘This is the first time that my husband is hearing your husband’s heartbeat,’” said Chris. “It was a really tough day. And then to get the mail, and it was there, like, it was just perfect.”
For Chris, it’s a lifeline to Eric. There’s a sense of peace in knowing a part of him lives on. She wears his wedding band around her neck, along with a printout of Eric’s heartbeat, taken not long before he died.
“The recipients are so grateful, and they know that somebody had to lose their life in order for them to live,” said Chris. “I love hearing from them.”
She has also heard from someone who received one of Eric’s kidneys.
LifeSource said one organ donor has the potential to save up to 75 lives. There are currently 3,000 people waiting for a donation in Minnesota, North Dakota and South Dakota.
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/2022/04/12/farmer-who-died-from-work-injury-is-keeping-others-alive-via-organ-donation/ | 2022-04-13T00:25:35Z |
MOSCOW (AP) — Russia held a dress rehearsal on Saturday for the military parade to commemorate Victory Day on May 9, when the country marks the defeat of Nazi Germany during World War II.
This year’s Victory Day, which falls on Monday, won’t just honor a conflict that ended 77 years ago. Many Russians will be thinking about the thousands of troops in neighboring Ukraine. Signs of support for the military have grown across the country since Feb. 24, with the letter “Z” appearing on billboards and signs in the streets and subways, and on television and social media.
On Saturday, an RS-24 Yars intercontinental ballistic missile rolled through Red Square as part of the rehearsal in Moscow, with warplanes and helicopters flying overhead, troops marching in formation and self-propelled artillery vehicles rumbling past. | https://cw33.com/news/international/ap-international/russia-holds-dress-rehearsal-for-victory-day-parade/ | 2022-05-07T18:56:18Z |
Man dies after being run over by his tractor, sheriff says
Published: Aug. 24, 2022 at 11:09 AM EDT|Updated: 2 hours ago
WASHINGTON COUNTY, Idaho (Gray News) – A man in Idaho died after he was run over by a tractor in what officials are calling a tragic accident.
The Washington County Sheriff’s Office said on Monday evening, a 911 caller reported a tractor-related accident. When deputies arrived on the scene, they found 58-year-old John Winegar in a cultivated field.
Officials said Winegar had been run over by his own tractor and died at the scene.
The sheriff’s office did not provide further details but said the accident remains under investigation.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/08/24/man-dies-after-being-run-over-by-his-tractor-sheriff-says/ | 2022-08-24T16:47:37Z |
–Ascend Montclair is AWH's second dispensary in New Jersey, serving both adult-use consumers and medical patients–
NEW YORK, Aug. 19, 2022 /PRNewswire/ - Ascend Wellness Holdings, Inc. ("AWH" or the "Company") (CSE: AAWH.U) (OTCQX: AAWH), a multi-state, vertically integrated cannabis operator focused on bettering lives through cannabis, today announced that Ascend Montclair, located at 395 Bloomfield Ave., will begin selling recreational cannabis today.
This announcement comes just months after a successful adult-use launch at Ascend Rochelle Park, the first of Ascend's New Jersey retail locations to commence recreational sales on April 21st. To ensure adequate access for both adult-use consumers and medical patients, consumers over 21 can now access a separate adult-use menu featuring a wide selection of products, including flower, edibles, vapes and more. To better streamline the shopping experience, Ascend Montclair customers will require an appointment to visit during the initial launch, available to book in advance at letsascend.com.
To accommodate heightened customer demand, medical patients can enjoy a special array of services, including a medical express lane, direct access to the front entrance, private consultation rooms, designated parking spots and dedicated shopping hours. Walk-in medical patients requiring time-sensitive services may also shop without an appointment.
"After an incredible adult-use launch in Rochelle Park, the Ascend New Jersey team is thrilled to bring that same energy and enthusiasm to Montclair," said Frank Perullo, President and Co-Founder of AWH. "New Jersey is already showing signs of a booming adult-use market, and Ascend has proactively scaled our operations and staffing to serve our customers' specific needs in the state. We are grateful for the support of the Montclair community and cannot wait to share the Ascend experience with the people of Montclair and the surrounding towns."
Please note, that the Montclair store is open from 8 am to 8 pm daily, and has specific medical-only hours reserved for medical patients. Check letsascend.com for medical-only hours.
AWH is a vertically integrated multistate cannabis operator with licenses and assets in Illinois, Michigan, Ohio, Massachusetts, New Jersey, and Pennsylvania. AWH owns and operates state-of-the-art cultivation facilities, growing award-winning strains and producing a curated selection of products for retail and wholesale customers. AWH produces and distributes its in-house Simply Herb, Ozone, and Ozone Reserve branded products. For more information, visit www.awholdings.com.
The CSE has not reviewed, approved or disapproved the content of this news release.
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SOURCE Ascend Wellness Holdings, Inc. | https://www.wibw.com/prnewswire/2022/08/19/awh-launches-adult-use-sales-montclair-new-jersey-dispensary/ | 2022-08-19T11:34:12Z |
BROOKVILLE, N.Y., Aug. 17, 2022 /PRNewswire/ -- MaryAnn Dellova knew what her daughter needed, so raised her hand high. During a life-planning meeting with AHRC Nassau staff, Mrs. Dellova advocated for disability supports that Jennifer, who is nonverbal, wanted and needed to thrive—a welcoming space where she could connect with plants and animals, explore her interests, meet new people, and build a community.
"We needed something like this in Nassau County," Dellova recalled. "I never thought that four years later Jennifer and I would be planning how we'll be spending time at the farm together."
Wheatley Farms & Arts Center, located at 211 Wheatley Road in Brookville, NY 11545, will soon welcome people of all abilities to grow their interests in nature-inspired activities, including animal care, horticulture/gardening, art, music, and movement. Located adjacent to AHRC Nassau's Brookville campus, the 3.5-acre community center will offer volunteer opportunities and activities open to all at its clubhouse, stables, and gardens.
AHRC Nassau, the organization that is leading this initiative, will be dedicating the Center on August 25 in honor of former Nassau County Executive Thomas "Tom" Gulotta.
"The AHRC Board of Directors is pleased to dedicate this space to a public servant who supported the full inclusion of people with disabilities within the fabric of Nassau County," said Saundra M. Gumerove, President of AHRC Nassau's Board of Directors. "For 14 years, he was an active member of the AHRC Foundation Board and we expect that this Center will re-set the focus from what people can do to what brings people together."
To maintain this community focus, volunteering will be essential in the care and upkeep of the farm as well as its animal residents. During weekday hours, people with intellectual and developmental disabilities (I/DD) will work side by side community volunteers to build new skills, relationships and self-esteem through nature-based projects and community service. People with I/DD and their families who are interested in including Wheatley Farms within their services/supports are welcome to connect with AHRC's Central Enrollment Department.
"We are ensuring that this Center serves to anchor our mission—empowering people to live fulfilling lives, together with family, friends and community," said Stanfort J. Perry, CEO of AHRC Nassau. "Our first phase focused on the development of a fresh and engaging pilot program for day services at the AHRC Greenhouse, next door to the Center, as well as equine-assisted activities at HorseAbility. Now, we're working with an advisory committee to increase our compelling programming for all to enjoy for many years to come."
Tune in to AHRC Nassau's Facebook page, Thursday, August 25 at 10:30 a.m. E.T., for a livestreaming of the dedication and ribbon-cutting.
Volunteer opportunities are currently available. For more information, visit ahrc.org/volunteer.
If you or a family member are interested in learning more about AHRC Nassau's Day Services, please call (516) 644-4800 during business hours or email centralenrollment@ahrc.org.
For press inquiries, please contact nzerillo@ahrc.org or 516.626.1075, ext. 1134.
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SOURCE AHRC Nassau | https://www.kxii.com/prnewswire/2022/08/17/thomas-s-gulotta-wheatley-farms-amp-arts-center-opens-its-doors-welcoming-people-all-abilities/ | 2022-08-17T22:06:10Z |
From device-centric to experience-focus: smart home devices and smart glasses will become high-speed and "always-on"
LONDON, June 23, 2022 /PRNewswire/ -- According to ABI Research, the overall demand for consumer technologies grew considerably in 2021, and volume is expected to continue to be strong for the foreseeable future. This is despite uncertainties related to the pandemic, geopolitical issues, the ongoing war in Ukraine, and problems in the supply chain. In addition, many countries are currently witnessing high rates of inflation and a growing cost of living crisis, all of which will continue to negatively impact consumers spending behaviors well into 2023 and beyond.
According to global technology intelligence firm ABI Research, despite the beforementioned external economic factors, considerable trends are emerging in the consumer electronics market that prioritise users' experiences over device type. These major developments include remote access to smart-home connected devices, immersive experiences with smart glasses, and fast broadband connectivity through 5G Fixed Wireless Access (FWA), which are all gaining momentum and fueling consumer technologies' market growth.
"Suppliers are increasingly offering smart home control through apps and services. Smart TVs, for example, will become a smart display in the house, with "always connected" capabilities and low-power modes, allowing TVs to play a more significant role in the virtual assistant world. Furthermore, the value of home security applications and platforms continues to drive sales, pushing demand for these devices beyond projected estimates," states Filomena Iovino, 5G Devices, Consumer Technologies Research Analyst at ABI Research. Overall, ABI Research forecasts the global smart home device market to reach shipments of 1.9 billion by 2030, up from 751.3 million in 2021, at a Compound Annual Growth Rate (CAGR) of 9.4%. In addition, revenue will reach US$51.3 billion in 2030, up from US$26.5 million in 2021, at a CAGR of 16.5%.
The vision of immersive communication is to enable natural experiences and interactions remotely. Demand for immersive content in numerous markets presents a significant opportunity. For example, virtual reality (VR) applications have been expanded beyond gaming into areas such as tourism, education, social VR, sports and fitness, and productivity/creativity apps. ABI Research forecasts that total VR head-mounted display (HMD) shipments will increase in 2022, reaching approximately 15 million units. "Additionally, augmented reality (AR) has the potential to improve remote communication and mainstream smart glasses, despite representing a small market in the consumer space, will drastically alter how and when people communicate and collaborate. Smart glasses will drastically alter connectivity, service performance, and compute needs," Iovino says. Apple and Google are spending extensively in the field for their mobile device platforms, which will enable mobile VR and unique smart glasses solutions. Following its rebranding from Facebook, Meta has invested billions of dollars in realizing its vision of the metaverse, with AR and VR serving as the hardware foundation. ABI Research expects AR glasses to reach 2.7 million shipments by 2027 worldwide at a CAGR of 67%.
The COVID-19 pandemic has had a massive impact on consumers' habits, forcing more remote working, learning, and entertainment consumption, while online purchasing has boomed which has led retailers to supply their offerings across many channels. This change in behavior has necessitated faster broadband development in areas lacking fiber connections and, consequently, demand for better broadband connectivity has been increasing worldwide. Fixed Wireless Access (FWA) represents a cost-effective and scalable alternative to conventional fixed-line broadband connectivity, and the ongoing 5G network deployments are forging significant growth in 5G FWA market. In essence, 5G FWA will become a direct rival to fixed broadband, delivering low-cost and easy broadband installations to fixed locations in rural or sparse areas, however, the 5G network needs to be rolled out to cover such areas, and this cannot be said yet of many countries worldwide. "Therefore, 5G FWA market is likely to be concentrated in mature markets such as North America and Western Europe in the forecast period. The 5G FWA market is expected to see significant growth with a Compound Annual Growth Rate (CAGR) of 72%, reaching nearly 69 million subscriptions worldwide by 2026," Iovino concludes.
These findings are from ABI Research's Consumer Tech market data report. This report is part of the company's Consumer Technologies research service, which includes research, data, and analyst insights. Market Data spreadsheets are composed of deep data, market share analysis, and highly segmented, service-specific forecasts to provide detailed insight where opportunities lie.
ABI Research is a global technology intelligence firm delivering actionable research and strategic guidance to technology leaders, innovators, and decision makers around the world. Our research focuses on the transformative technologies that are dramatically reshaping industries, economies, and workforces today.
ABI Research提供开创性的研究和战略指导，帮助客户了解日新月异的技术。 自1990年以来，我们已与全球数百个领先的技术品牌，尖端公司，具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。
For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.
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Deborah Petrara
Tel: +1.516.624.2558
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SOURCE ABI Research | https://www.wibw.com/prnewswire/2022/06/23/remote-control-fast-growth-5g-fwa-drive-volume-consumer-technologies-market/ | 2022-06-23T08:37:37Z |
Digital trail pass and incentive program showcase color and culture at The Beach
MYRTLE BEACH, S.C., Sept. 13, 2022 /PRNewswire/ -- Visit Myrtle Beach has launched its Arts & Gallery Trail, offering guests an all-new way to explore the destination's 14 unique communities and 60 miles of coastline. In collaboration with the Franklin G. Burroughs-Simeon B. Chapin Art Museum and The Arts Grand Strand, the Myrtle Beach Arts & Gallery Trail features more than 100 attractions, studios, murals, sculptures and so much more.
Visitors and residents alike will get an unexpected look at the destination's vibrant art scene, from hidden gems and secret underground passages filled with art, to popular staples like the award-winning Brookgreen Gardens, which features the largest collection of figurative sculpture in the U.S. and is celebrating its 90th anniversary this year. The trail also features awe-inspiring oceanfront sculptures, enormous alleyway murals and micro galleries – all of which dot the landscape of the region.
"We are so proud to work with local artists and arts organizations throughout our community to help bring the Myrtle Beach Arts & Gallery Trail to life," said Karen Riordan, president and CEO of Visit Myrtle Beach. "The Myrtle Beach Arts & Gallery Trail will inspire people to explore our ever-evolving destination and dynamic community at The Beach and beyond."
The trail stretches from Little River and North Myrtle Beach to Murrells Inlet and Pawleys Island – stopping in many of Myrtle Beach's lesser-known areas, such as historic downtown Conway, the quaint "Little Golden Town" of Aynor and the newly-minted Arts & Innovation District – along the way. To participate, guests can sign up for a free digital pass and check-in to stops to earn points. Points can be redeemed for a variety of prizes, including prints from local artists, t-shirts and even a trip to The Beach.
"There are so many passionate artists in the Myrtle Beach area, and it's an honor to help share their stories and promote their work through the Arts & Gallery Trail," explained Patricia Goodwin, executive director of the Franklin G. Burroughs-Simeon B. Chapin Art Museum. "I hope visitors and residents alike take time to explore the trail, learn more about the stories of our local artists and experience the diverse arts community Myrtle Beach has to offer."
For more information on the Myrtle Beach Arts & Gallery Trail, please visit www.visitmyrtlebeach.com/artstrail
About Myrtle Beach, S.C.
Myrtle Beach isn't just a beach. It's The Beach. Popularly known as the Grand Strand, Myrtle Beach is one destination made up of 14 unique communities that stretch 60 miles along the northeast coast of South Carolina. Families, couples and those in search of a warm welcome will find more than just a day at The Beach when they come together to connect and enjoy vibrant entertainment and family attractions, including world-class golf, shopping and fresh coastal Carolina cuisine. Recognized as an autism-friendly destination since 2016, Myrtle Beach has established a number of programs and partnerships to create an inclusive destination for visitors of all abilities. From the moment you arrive, you'll find you belong at The Beach – Myrtle Beach, South Carolina. For additional information on tourism offerings in the Myrtle Beach area, visit www.visitmyrtlebeach.com or call (888) Myrtle-1.
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SOURCE Visit Myrtle Beach | https://www.kxii.com/prnewswire/2022/09/13/myrtle-beach-south-carolina-launches-new-arts-amp-gallery-trail/ | 2022-09-13T20:16:05Z |
KYIV, Ukraine, April 26, 2022 /PRNewswire/ -- Binance, the world's leading cryptocurrency and blockchain infrastructure provider, has today launched the Binance Refugee Crypto Card for all current and new Binance users from Ukraine forced to move to EEA countries as a result of the war with Russia.
The Binance card has been created in partnership with Contis. It will allow displaced Ukrainians to make or receive crypto payments and complete purchases at retailers in the EEA who accept card payments.
"At such a difficult time for Ukraine, it's clear that cryptocurrencies are useful as they offer a fast, cheap and secure way of transferring funds to help people with their urgent financial needs," said Helen Hai, Head of Binance Charity.
Kirill Khomyakov, General Manager of Binance in Ukraine, said: "To date, some four million people have already left Ukraine. It is our responsibility to help people who have suffered from the war and were forced to leave their homes. The Binance Refugee Card will allow Ukrainians to get help from Binance and other charitable organizations, and, if necessary, receive cryptocurrency from any other wallets."
As part of the programme, Binance Charity is working with various non-profit organizations including Rotary and Palianytsia to provide crypto-based cash assistance through the Refugee Crypto Card that will allow relatives or acquaintances to transfer crypto to the new cards and Binance wallets to support their loved ones.
Refugees who are verified by local non-profit organizations and applied for the Binance Refugee Crypto Cards will receive 75 BUSD, equivalent value to US$75 per month for three months in line with recommended donation levels by UNHCR, the UN Refugee Agency. The BUSD cryptocurrency will be converted to local currency automatically during the card payment.
Getting and using a card is free. To obtain a Binance Refugee Crypto Card, refugees will need to use an existing account registered in Ukraine or register a new Binance account using a Ukrainian home address, even if currently living in another EEA country. All users will be required to complete full KYC verification.
Ms. Hai added: "We want to see blockchain working for people, solving real-world problems and using it as a tool to connect those who want to help, directly with those in need of it. We will continue to develop initiatives and partnerships to help the Ukrainian people and continue to develop crypto and blockchain tools to help aid those suffering from conflicts elsewhere in the world."
The move is part of Binance's continued support program for Ukrainians affected by the war. Previously, Binance has allocated 10 million USD through Binance Charity to support displaced children and families in Ukraine and its neighboring countries. This includes providing shelter, food, safe drinking water, medical supplies, cash assistance and psychological support to those who have been forced to take refuge. Binance Charity is also focusing efforts on working with organizations in-country to support civilians who have not been able to leave, and face an even greater threat of danger.
In addition, Binance Charity created a cryptocurrency crowdfunding site "Emergency Assistance Fund for Ukraine'' so that people from all over the world could donate cryptocurrency to support Ukraine. It has already raised about $1M.
About Binance
Binance is the world's leading blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users and features an unmatched portfolio of crypto products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more. For more information, visit: https://www.binance.com
For more information about Binance Refugee Crypto Card, visit: https://www.binance.com/uk-UA/cards/
About Binance Charity
Binance Charity is a non-profit organization dedicated to the advancement of blockchain-enabled philanthropy towards achieving global sustainable development. Binance Charity aims to transfer philanthropy by developing a 100% transparent donation platform based on blockchain to build a future where technology innovation is used to end all forms of poverty and inequality, advance sustainable development and ensure that no one is left behind. To date, BCF has supported over 2 million end beneficiaries through various projects.
For more information, visit: https://www.binance.charity/
Follow us on Twitter @BinanceBCF for updates on current and upcoming events.
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SOURCE Binance | https://www.kxii.com/prnewswire/2022/04/26/binance-launch-refugee-crypto-card-ukrainians-forced-leave-ukraine/ | 2022-04-26T11:04:45Z |
Rapidly-growing U.S. HVAC company continues expansion of leadership team
DAVIE, Fla., June 16, 2022 /PRNewswire/ -- Air Pros USA, a leading residential air conditioning services company, has announced the appointment of Richard Outram, FCCA, CPA, CFE, CGMA, as its Chief Financial Officer. With over 35 years of experience in financial management, Outram will lead Air Pros USA's financial initiatives and develop strategies to optimize the company's financial performance as they continue to rapidly grow and acquire new businesses.
"Richard's approach to financial management will help Air Pros USA identify key partnerships for development in new markets," Anthony Perera, founder and Chief Growth Officer of Air Pros USA. "His long track record of achieving results for fast growing companies will help guide our team as we work towards exceeding our 2021 records and ensure we stay on that trajectory."
Outram has extensive expertise in executive financial management, leading companies through strategic phases of profitable organic and acquisitive growth and life cycles. In his previous role as CFO at Cinch Homes Services, Outram led the company through transformation and significant growth.
"As Air Pros USA continues to double their revenue yearly, it is my goal to keep them in a strong financial position for prime opportunities and investments," said Richard Outram, CFO of Air Pros USA. "I am excited to join their team at this critical time of expansion."
Outram is a Certified Public Accountant, Certified Management Accountant, and Certified Fraud Examiner.
Outram serves as a board member of Financial Executives International's South Florida Chapter and nonprofit Step up for Students. He has authored several books including Cracking the CFO Code- Relationship Selling to Finance Executives and the childrens' financial literacy series, The Adventures of Exokid and the Teachings of Money and The Adventures of Exokid – Growing Financial Wings. He also hosts a podcast series Prepare4 Growth, where he discusses leadership.
His hiring comes at a key moment in Air Pros USA's development as the company continues to grow its national presence in new cities and states. Air Pros USA recently entered the Louisiana market in 2022 and now operates in eight states and more than a dozen metro areas including Miami, Orlando, Dallas, Atlanta, Colorado Springs, Mobile and Spokane.
Air Pros USA was founded as a father-son business in Fort Lauderdale, Florida with a single truck and two people. Since then, the fast-growing HVAC company has grown to over $100 million in annual revenue, employs 500 people, and serves over half a million customers in multiple markets.
For more information about Air Pros USA, visit www.airprosusa.com.
Air Pros USA was founded in South Florida in 2017 on the promise of integrity, reliability, and putting our customers first. The company has quickly expanded to many metro areas within Florida, Alabama, Mississippi, Colorado, Georgia, Texas, Washington, and Louisana with more locations expected to be introduced soon. Air Pros USA currently employs more than 500 experienced professionals in more than a dozen metro Service locations including Miami, Orlando, Dallas, Atlanta, Colorado Springs, Mobile and Spokane. For more information visit www.airprosusa.com.
For media inquiries, please contact:
Joanne Sgro-Killworth
10 to 1 Public Relations
joanne@10to1pr.com
480.363.0403
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SOURCE Air Pros USA | https://www.wibw.com/prnewswire/2022/06/16/air-pros-usa-welcomes-richard-outram-chief-financial-officer/ | 2022-06-16T12:44:46Z |
‘Died of a broken heart’: Can it really happen?
By Solarina Ho, CTVNews.ca writer
Click here for updates on this story
Toronto, Canada (CTV Network) — Joe Garcia, whose wife Irma Garcia was among the 21 people killed in the Texas school shooting this week, died minutes after returning home from a memorial, in what the family has described as a broken heart.
“I truly believe Joe died of a broken heart and losing the love of his life of more than 25 years was too much to bear,” Debra Austin, Irma’s cousin, wrote in a post for a GoFundMe campaign for the family.
While Joe Garcia’s death has been described as a heart attack by family members on social media, Takotsubo cardiomyopathy, more commonly known as “broken heart syndrome” or stress-induced cardiomyopathy, is actually different. Sometimes called apical ballooning syndrome, it is an actual medical condition triggered by severe emotional or physical stress, according to Harvard Medical School, John Hopkins Medicine, the American Heart Association, and Dr. Katie Connolly, a cardiologist and heart failure specialist who spoke with CTVNews.ca.
“Ultimately, it’s obviously a horribly tragic situation. In the best of times, with all the best information, it can be hard to differentiate if this is Takotsubo versus a heart attack,” Connolly, who is also an assistant professor of medicine at McMaster University, said in a phone interview on Friday. An autopsy would be required to determine the actual cause, she said.
“Both scenarios are plausible … Obviously the timing can’t be ignored and he was another victim of this horrible scenario.” WHAT TRIGGERS IT?
Researchers have looked at the way grief and stress can manifest itself in physical ways, including an increased risk of mortality, hair loss, skin problems, and sleep issues. One recent study out of Germany suggests that happy and joyful life events can, in rare instances, also trigger the syndrome.
The general link between stress and the increased risk of cardiovascular disease is also well documented. Severe stress can be triggered by a sudden or serious illness, surgery, or major accident, the unexpected death of a loved one, extreme anger or fear, financial loss, a sudden surprise, or other intense emotional or physical experiences.
“When you have a patient that’s not deceased, it can be very hard to tease out if it’s a heart attack or if it’s Takotsubo. Certainly, either a true heart attack or this condition called Takotsubo could be triggered by a very stressful life event,” said Connolly.
The syndrome was previously thought to be fairly rare, “but two or three per cent of presentations that look like a heart attack are actually Takotsubo, so it’s actually probably not as uncommon as once thought,” she added. WHAT HAPPENS?
While the exact cause is not fully clear, experts believe that surging stress hormones can overwhelm or “stun” the heart muscle, triggering a change in the cardiac cells and blood vessels that disrupts the heart function, inhibiting the left ventricle from pumping efficiently and effectively. The left ventricle is the thickest and hardest working of the four chambers in the heart, and responsible for getting oxygenated blood to the entire body.
“The most common abnormality in takotsubo cardiomyopathy — the one that gives the disorder its name — is ballooning of the lower part of the left ventricle. During contraction, this bulging ventricle resembles a tako-tsubo, a pot used by Japanese fishermen to trap octopuses,” according to Harvard.
Data suggests that it is more common among women than men, with the risk increasing by five times after menopause. The physiology of why that is, however, is not entirely clear, Connolly said. There may be some role involving lower levels of estrogen, which has protective effects on the heart, she explained. WHAT ARE THE SYMPTOMS?
There is a wide spectrum of severity, according to Connolly.
“There’s a big range — from mild chest pain or trouble breathing, which would be very common symptoms, to significant dysfunction of the heart or even dangerous arrhythmias where the heart goes too fast,” she said.
Severe or fatal cases of cardiac arrest resulting from insufficient blood coming out of the heart make up a small percentage of incidences.
Sweating and dizziness can also be present. Symptoms are overall similar to those of a heart attack and imaging studies and other diagnostic measures are required to distinguish the cause. Unlike a heart attack, Takotsubo cardiomyopathy is not caused by blocked coronary arteries. Instead, tests will show abnormal changes to the left ventricle and the ballooning effect that gives the condition its name.
It can be life threatening and in some instances can result in congestive heart failure, low blood pressure, and other potentially life-threatening heart rhythm abnormalities. CAN IT BE TREATED?
The condition is not always fatal and most abnormalities usually clear up within days or a few weeks, with no lasting scar tissue or damage. In some cases, patients can exhibit ongoing heart issues.
There is no typical treatment for the underlying problem, but heart failure medications like beta blockers, ACE inhibitors and diuretics are often prescribed to help treat the specific manifestations or consequences of the condition. Beta blockers, for example, can help reduce the impact of stress hormones like adrenaline.
Some advise reducing stress levels or avoiding stressful situations if possible and recommend activities such as exercise or meditation. Always consult with your doctor to have any potential concerns properly evaluated.
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CTVNews.cactvnews.caproducers@bellmedia.ca | https://localnews8.com/cnn-regional/2022/05/28/died-of-a-broken-heart-can-it-really-happen/ | 2022-05-28T17:03:19Z |
Kansas man sentenced in international drug ring
KANSAS CITY, Kan. (WIBW) - A Kansas man has been sentenced to 144 months in prison for his role in an international drug trafficking ring.
In April 2022, Jovanny Medina, 24, of Kansas City, Kansas pleaded guilty to one count of conspiracy to possess with intent to distribute 50 grams or more of methamphetamine. According to court documents, Medina was trafficking illegal narcotics sourced from his family in Mexico and transporting them to Kansas City.
According to the U.S. Department of Justice, Medina’s primary role in the smuggling operation was to import methamphetamine, collect drug debts and transport bulk U.S. currency from Kansas City to Mexico.
“As long as drug smugglers infiltrate our borders and peddle poison into our communities, the Department of Justice will remain vigilant in arresting and prosecuting offenders with the deliberate intention of dismantling these criminal enterprises,” U.S. Attorney Duston Slinkard said.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/07/11/kansas-man-sentenced-international-drug-ring/ | 2022-07-11T19:00:35Z |
MBF appoints first Latina CEO
JACKSONVILLE, Fla., July 26, 2022 /PRNewswire/ -- The Monique Burr Foundation for Children (MBF) is proud to announce the appointment of changemaker and education equality advocate Tanya Ramos-Puig as Chief Executive Officer. Building on MBF's 25-year history of protecting children, Ramos-Puig will lead MBF into its next season of achieving its mission to educate and empower all children and teens against abuse, bullying, digital dangers, and other forms of child victimization.
"In 1997, MBF began as a legacy to my late wife, Monique Burr. Today, after developing multiple evidence-based and trauma-informed programs for children and teens, the Foundation welcomes a new dynamic leader with vast experience in the non-profit sector. We believe that Tanya's commitment to our life-changing work will further our reach and impact," said Ed Burr, MBF Founder and Board Chairman. "I also want to thank our outgoing CEO, Lynn Layton, for her commitment and leadership over the past 14 years."
"I am humbled and honored to serve as the new leader of MBF, an organization with a proven track record of educating and empowering children across the globe with tools and strategies they can use to help adults keep them safe," said Ramos-Puig. "Working alongside our passionate MBF team, the board, and supporters, I am confident the next chapter will prove to be one of growth and sustainability as we work to fulfill our mission of protecting children."
For nearly three decades, Ramos-Puig has devoted her career to improving educational opportunities and life outcomes for youth in the most under-resourced communities around the world.
She recently served as President at The Latin GRAMMY Cultural Foundation, the philanthropic arm of The Latin Recording Academy®. With a history of growing organizations through her key leadership roles – including CEO at Pencils of Promise, CRO at Education Pioneers and The Children's Aid Society, where she received the Annie E. Casey Foundation Award – Ramos-Puig is known for being a tireless advocate for educational equity. She is an alumna of Coro New York Leadership Center and INROADS, serves as a board member at both Raised by US and Classy.org, and has served as an Adjunct Professor at LaGuardia Community College.
She holds a Bachelor of Arts in Sociology from NYU, a Master of Science in Urban Policy and Management from The New School, where she received a Jacob Kaplan Fellowship, and graduated from the Executive-Level Program at the Graduate School of Business at Columbia University's Institute for Not-for-Profit Management.
For more, visit https://www.mbfpreventioneducation.org/tanya-ramos-puig-mbf-ceo.
Photography
- Tanya Ramos-Puig, Chief Executive Officer, Monique Burr Foundation for Children. Photo credit: David Lang
About the Monique Burr Foundation for Children
The Monique Burr Foundation for Children (MBF) is a nonprofit organization founded in 1997 in remembrance of Monique Burr, a devoted child advocate. MBF Prevention Education Programs include MBF Child Safety Matters®, MBF Teen Safety Matters®, MBF Athlete Safety Matters®, and MBF After-School Safety Matters®. The programs are comprehensive, evidence-based, trauma-informed prevention programs that educate and empower children and adults with information and strategies to prevent, recognize, and respond appropriately to abuse, bullying, cyberbullying, digital dangers, exploitation, and human trafficking. MBF Programs have been delivered to millions of youth throughout the U.S. and across the globe.
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SOURCE Monique Burr Foundation for Children, Inc. | https://www.wibw.com/prnewswire/2022/07/26/former-latin-grammy-foundation-president-tanya-ramos-puig-appointed-monique-burr-foundation-children-ceo/ | 2022-07-26T18:14:00Z |
Bill passed to expand Brown v. Board of Education historic sites
TOPEKA, Kan. (WIBW) - Sites in Delaware, South Carolina, Virginia and Washington, D.C., will now be recognized as Brown v. Board of Education historic sites with the passage of new legislation.
U.S. Senator Roger Marshall (R-Kan.) says the Senate unanimously passed legislation to commemorate the historic sites that contributed to the 1954 Supreme Court decision - Brown v. Board of Education of Topeka.
Marshall said the legislation is meant to expand the Brown v. Board National Historic Site to include sites in South Carolina and to designate a National Park Service Affiliated Areas in other states. He said it would recognize the importance of the additional sites that catalyzed litigation in Delaware, South Carolina, Virginia, Washington, D.C., and Kansas.
“Decades ago, parents in the Topeka area stood up for their children and fought against segregation, ultimately leading to a vital Supreme Court decision that changed our nation for the better,” Marshall said. “Kansas has a rich history of engagement in the fight for civil rights and these historical sites hold a special place in our hearts. I am proud to work with my colleagues in the House and Senate to advance this important legislation so future generations can continue to learn about these pivotal times in American history.”
Marshall noted that the 1954 Supreme Court decision in Brown v. Board was described by constitutional scholar Louis H. Pollak as “probably the most important American government act of any kind since the Emancipation Proclamation.” He said the decision transformed the United States and struck down the separate-but-equial doctrine established in Plessy v. Ferguson in 1896.
Marshall said the Plessy decision condoned and entrenched legalized segregation across the south, despite protections clearly stated in the U.S. Constitution and underscored by the 14th and 15th Amendments.
Marshall said the Jim Crow laws stayed in place for nearly a century following Reconstruction, but pioneering civil rights lawyers such as Charles Hamilton Houston, Thurgood Marshall, William Hastie, Constance Baker Botley, Louis Lorenzo Redding and more challenged the constitutionality of segregation and won. He sid the Brown decision ended the practice of legalized segregation in educational facilities and was a major catalyst of the Civil Rights Movement of the 1950s and 60s.
“Kansan Linda Brown and her parents took their case all the way to the Supreme Court in Brown v. Board of Education, leading to the unanimous overturn of the ‘separate but equal’ doctrine that discriminated against school children because of their skin color,” Sen. Jerry Moran (R-Kan.) said. “I look forward to the President signing this legislation into law to expand and preserve the historic sites in Kansas and around the country connected to this case. Kansas has played a key role in the civil rights movement, and we must seek to preserve this legacy which calls on all Americans to uphold the self-evident truth that all men and women are created equal.”
Marshall said the history of Brown v. Board is represented in the national consciousness by a single building - Monroe School - which is a National Historic Site in Topeka. He said the limited geographic scope condenses public memory of the events and inadvertently fails to recognize the contributions of the communities in Claymont, Del., Hockessin, Del., Wilmington, Del., Summerton, S.C., Farmville, Va., and Washington, D.C. that were also important to the fight for equality and that saw their cases consolidated with the Brown case. He said the dispersion of the locations shows the legislation is truly a story of a national struggle with national significance.
Marshall noted that the creation of the NPS Affiliated Areas in Delaware, Virginia and Washington, D.C., for sites associated with the Brown V. Board case and an expansion of the National Historic Site to include South Carolina as it provides an opportunity for the sites to tell their own uplifting, under-recognized stores of students, parents, and their allies who helped to shape American society.
Marshall said the enactment of the legislation has the chance to appropriately recognize the sites associated with the other four court cases and help them to combine current uses with preservation and public education. In collaboration with local partners and other stakeholders, he said the National Trust will continue its collective work with other communities engaged in the fight for educational equity, past and present.
To read the full text of the legislation, click HERE.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/04/11/bill-passed-expand-brown-v-board-education-historic-sites/ | 2022-04-11T21:41:18Z |
ESPOO, Finland and SHANGHAI, June 3, 2022 /PRNewswire/ -- Dispelix™ (Espoo) - a pioneer in the design and manufacturing of next-generation diffractive waveguides – today announced it has been in a long-term partnership with respected AR light engine supplier Jade Bird Displays (JBD) to develop a family of new reference designs for Augmented Reality (AR) glasses and headsets across multiple price points.
Developed through an intensive collaboration, the new designs combine JBD's family of cutting-edge MicroLED projectors with the Dispelix LED - an industry-leading pantoscopic waveguide with an advanced nanotech coating. JBD & Dispelix have brought together their respective expertise in MicroLED displays, light engines and diffractive waveguide combiners - including at least one bleeding-edge model combining binocular waveguides and polychrome MicroLED projectors.
The MicroLED engine used in the flagship reference design is JBD's AmµLED™ MicroLED projectors for smart eyewear, both monochrome and other polychrome projector development kits are also available. These are all designed to aid OEMs and partners in their rapid development, evaluation and prototyping of branded smart eyewear (as well as other Augmented Reality (AR) products & solutions).
The monochrome projector is only 0.35cc in volume, has a FOV of 30°, weighs nominally 0.60 grams and is available in red, green and blue. It can be used for monochrome smart eyeglasses development or it can be used in RGB waveguides with multiple input couplers for polychrome applications.
The polychrome projector is only 1.3cc in volume, has a FOV of 30° & weighs nominally 2.3 grams. In the polychrome module projector, an x-cube prism is used to combine images from three individual monochrome panels attached to the faces of the X-cube prism. Both the monochrome and polychrome projectors are focused at infinity.
"JBD has launched a number of innovative MicroLED display and projector solutions that are designed into end products such as smart glasses, holographic sights and Sports AR goggles," said Dr. Qiming Li, CEO & Founder of JBD. "We are currently expanding our production facilities to support the unprecedented demand for our MicroLED displays and projectors. Our success has only been made possible with the launch of concurrent innovative solutions by our partners and a stellar example is the Dispelix LED waveguide. Our polychrome projector combined with the LED waveguide will enable OEMs to rapidly turn around small form factor and aesthetically-pleasing AR wearables that are suitable for all day use."
Leon Baruah, Director Sales & Marketing at JBD further added "As a MicroLED display and light engine manufacturer we have always valued the significance of our Waveguide partners as their inventions complete our offering and are critical to the success of the AR industry. Dispelix's LED waveguide is a truly innovative solution and at first light with our AmµLED™ polychrome MicroLED projector we knew we had a compelling solution. Dispelix LED is a versatile platform allowing a number of possibilities in terms of possible FOVs and waveguide profiles but what strikes out most is the amazing image quality that can be observed through the waveguide with our polychrome projector."
"Dispelix is very excited to finally unveil our partnership with JBD – the end result of joint R&D activities that are enabling the next-generation of AR eyewear," said Jussi Rahomaki, Chief Product Officer for Dispelix. "Working with a manufacturer of JBD's reputation for light engine innovation means that a wide range of ODM/OEM manufacturers can at last enter the burgeoning AR eyewear market with an extraordinary and differentiated set of different reference designs. Dispelix LED combined with AmµLED means that ideal visual fidelity is both achieved and consistently maintained for an exceptional, undistorted and incredibly lightweight reference design."
Dispelix is an advanced waveguide designer and manufacturer, delivering next-generation visual solutions for both consumer as well as enterprise AR and MR wearables. The company's patented DPX waveguides bring unmatched image quality, performance and visual fidelity combined with mass manufacturability to scale for even the largest vendors. Led by the world's most sought-after experts in optics, photonics and manufacturing, Dispelix is headquartered in the technology hub of Espoo, Finland with field offices throughout the United States, China and Taiwan. Learn more at dispelix.com.
Founded in 2015, JBD has been focusing on developing the smallest, brightest, and most efficient micro-display panels. With a fab established in Shanghai CHINA, JBD is considered as one of the leaders in microLED display technologies with its portfolio of active matrix microLED displays. For more information, visit JBD's website, Linkedin or Twitter pages.
Dispelix is a trademark of Dispelix Oy – all other trademarks and registered trademarks previously cited are hereby recognized and acknowledged as the property of their respective owners.
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SOURCE Dispelix | https://www.kxii.com/prnewswire/2022/06/03/diffractive-waveguide-pioneer-dispelix-announces-rampd-partnership-with-advanced-microled-manufacturer-jbd-multiple-next-generation-ar-glasses-reference-designs/ | 2022-06-03T16:19:50Z |
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Activate your digital account | https://www.cantonrep.com/restricted/?return=https%3A%2F%2Fwww.cantonrep.com%2Fstory%2Fsports%2Fhigh-school%2Fsoftball%2F2022%2F05%2F19%2Fmarlington-field-score-ohio-high-school-softball-ohsaa-district-final-hubbard-maddie-burge-beth-dyer%2F9833708002%2F | 2022-05-20T02:39:38Z |
To accelerate the Company's business expansion in the vocational education industry
BEIJING, June 10, 2022 /PRNewswire/ -- China Liberal Education Holdings Limited (Nasdaq: CLEU) ("China Liberal," the "Company," or "we"), a China-based company that provides smart campus solutions and other educational services, today announced that on June 9, 2022, the Company, through its wholly-owned subsidiary, China Liberal (Beijing) Education Technology Co., Ltd. ("China Liberal Beijing"), entered into a definitive stock purchase agreement (the "Agreement") with Beijing Cloud Class Technology Co., Ltd. ("Cloud Class") to acquire from Cloud Class 100% of the issued equity interests of Beijing Oriental Wisdom Cultural Development Co., Ltd. ("Oriental Wisdom"), an integrated education service provider focusing on operating jointly-managed academic programs in the vocational higher education industry in China. This acquisition is a critical initiative of the Company's business strategy of boosting the Company's development in the vocational education industry through integrating enterprises and developing vocational education across various industries.
Pursuant to the Agreement, China Liberal Beijing agrees to acquire 100% of the equity interests of Oriental Wisdom from Cloud Class in consideration of 7,000,000 ordinary shares of the Company, subject to certain payment schedules set forth in the Agreement. The transaction contemplated by the Agreement has been approved by the Company's board of directors at a special meeting on June 1, 2022, with the closing expected to occur near the end of June 2022.
The acquisition of Oriental Wisdom is expected to bring synergy to the Company in the vocational education industry, enhancing the collaboration between educational institutions and companies, and improving the Company's management capabilities. Following the completion of the acquisition, the Company believes that it will be able to develop curriculum systems with trusted teacher resources and integrate professional skills and knowledge into liberal arts education, overcoming the obstacles many higher education institutions face in professional studies and reformations. Meanwhile, with a large and increasing number of students, the Company expects to expand its services to internship referrals, project outsourcing, and multi-level cooperation with leading companies for talent recruitment and training, providing students with premium employment opportunities.
Ms. Ngai Ngai Lam, Chairperson and CEO of China Liberal, commented, "We are excited to acquire Oriental Wisdom and it is another milestone for the Company to move toward our goal of contributing to the vocational education sector in China. With the recent favorable governmental policies and increasing government budgets for vocational education, we believe this acquisition demonstrates China Liberal's long-term strategic vision. Additionally, as the demand for digitalization grows in the education sector, we expect to leverage our advantages in technology, research and development (R&D) resources, and patented products to further cooperate with universities and colleges and assist them in fulfilling their needs for smart-campus management by enhancing their software system in order to achieve campus planning and inter-department coordination. The all-in-one teaching machine, AI-Space, will serve as the core of our hardware system and deliver online and in-person integrated teaching solutions to various educational institutions, allowing them to adapt to various teaching scenarios and improve the overall teaching quality. Looking forward, we will proactively expand our business in vocational education and continue to put efforts into education digitalization as we aim to benefit more students who are in vocational education and create more value for our shareholders."
About Beijing Oriental Wisdom Cultural Development Co., Ltd.
Beijing Oriental Wisdom Cultural Development Co., Ltd. is an integrated services provider in the higher education industry in China. Through the research of industry-education integration education model, school-enterprise cooperation in running schools, professional practice, practical training and employment, teacher training and other businesses, it currently cooperates with 10 colleges and universities in Inner Mongolia, Gansu, Shandong, and other provinces to operate school-enterprise jointly-managed programs covering various majors. There are about 4,000 students in these jointly-managed programs of these partner colleges and universities, including about 3,700 undergraduates, 250 junior college students, and about 50 unplanned enrollments.
About China Liberal Education Holdings Limited
China Liberal, headquartered in Beijing, is an educational service provider in China. It provides a wide range of services, including those under sino-foreign jointly managed academic programs; overseas study consulting services; technological consulting services for Chinese universities to improve their campus information and data management system and to optimize their teaching, operating and management environment, creating a "smart campus"; and tailored job readiness training to graduating students. For more information, please visit the Company's website at ir.chinaliberal.com.
Forward-Looking Statements
This document contains forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's expectations and projections about future events, which the Company derives from the information currently available to the Company. Such forward-looking statements relate to future events or our future performance, including: our ability to successfully integrate the newly acquired business; our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review risk factors that may affect its future results in the Company's registration statement and in its other filings with the U.S. Securities and Exchange Commission.
Investor Relations Contact
China Liberal Education Holdings Limited
Email:ir@chinaliberal.com
Ascent Investor Relations LLC
Ms. Tina Xiao
Email: tina.xiao@ascent-ir.com
Tel: +1 917 609 0333
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SOURCE China Liberal Education Holdings Limited | https://www.kxii.com/prnewswire/2022/06/10/china-liberal-education-holdings-limited-enters-into-definitive-agreement-acquire-oriental-wisdom-cultural-development-co-ltd/ | 2022-06-10T11:18:08Z |
Exclusive: Pakistan’s Imran Khan doubles down on unfounded claim that US plotted his downfall
By Becky Anderson, Sophia Saifi and Rhea Mogul, CNN
Pakistan’s Imran Khan repeated his claims Monday that the United States had orchestrated his ouster, saying that “anti-Americanism” was growing in the South Asian nation as a result of “all this becoming public.”
Khan has been making versions of this claim for nearly two months, but has not provided evidence to support it.
Khan’s exclusive interview with CNN was his first with an international news organization since the cricketer-turned-politician was unseated in a vote of no-confidence, following claims of bad governance and economic mismanagement.
Khan — who was removed from office in a no-confidence vote in April — called for a huge nationwide rally to protest his downfall for Wednesday and confirmed he would run again for office at the next election.
“Whenever the next elections take place, not only will we run, but I can predict that this will be the biggest party in Pakistan’s history, because people are so incensed and feel insulted that these criminals have been foisted upon us,” Khan told CNN, referring to Pakistan’s new government.
Khan has repeatedly claimed that Donald Lu, the Assistant Secretary for the US Bureau of South and Central Asian Affairs, had met with Pakistan’s ambassador to Washington in March and told him that Khan should be dismissed from power in the confidence vote. Khan said Monday that Lu threatened “Pakistan will suffer consequences” unless Khan was removed from power. Khan also acknowledged that his official visit to Russia in late February, coinciding with the day of Russia’s invasion of Ukraine, had likely rankled American officials.
“There is no truth to these allegations,” a US State Department spokesperson told CNN, having previously and repeatedly denied involvement in Khan’s ouster.
Khan even suggested in the interview that Lu be fired for interfering with Pakistan’s domestic politics, and “for bad manners and sheer arrogance.”
When asked to provide evidence for his claims, Khan said that there were note takers on both the US and Pakistani sides at the meeting, but did not answer directly when asked whether he would make any notes publicly available.
He said that a cipher — an encoded diplomatic cable — outlining the details of the meeting sent from the Pakistani ambassador had been forwarded to Pakistan’s cabinet. Khan said he also presented the minutes from that meeting to the National Security Council.
Khan has also previously accused Pakistan’s military and opposition led by current Prime Minister Shehbaz Sharif of conspiring with the US, which they both deny.
“People are so incensed and feel insulted that these criminals have been foisted upon us,” Khan said.
Khan’s allegations have become a staple at rallies he has held across Pakistan in a bid to return to power.
His claims have struck a chord with a young population in a country where anti-American sentiment runs high, and anti-establishment feelings are being fueled by a rising cost of living crisis.
He told CNN that there was anger and “anti-Americanism right now” in the country.
On Sunday, he announced that he would lead his supporters on a long rally from the province of Khyber Pakhtunkhwa, where his party still holds power, to the capital, Islamabad, on Wednesday, more than 200 kilometers (120 miles) away.
Khan’s visit to Moscow
Khan’s decision to meet with Putin in Moscow on the day Russia began its war has raised eyebrows in the West, though Khan repeated his claims Monday that he did not know Russia would invade that day.
He said he “would regret” going if he had known about the invasion.
Russia had amassed tens of thousands of troops on Ukraine’s border over months before the invasion.
“I have opposed all military ways of achieving political ends,” Khan said.
The trip had been planned for some time and was vital in securing Pakistan’s energy needs, Khan argued, as his country battled soaring inflation and poverty.
He said the two discussed Russian oil, gas and wheat exports to Pakistan.
“My responsibility is for the wellbeing. We have 50 million people living below the poverty line,” Khan said.
Khan claimed relations between Pakistan and the US strained after President Joe Biden took office and blamed him for the situation in Afghanistan. In a sign of how frayed relations have become, Biden and Khan have not spoken since Biden took office last year.
“I had perfectly good relationship with the Trump administration,” Khan said. “It’s only when the Biden administration came, and it coincided with what was happening in Afghanistan. And for some reason, which I still don’t know, I never, they never got in touch with me.”
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/national-world/cnn-asia-pacific/2022/05/23/exclusive-pakistans-imran-khan-doubles-down-on-unfounded-claim-that-us-plotted-his-downfall-2/ | 2022-05-23T18:25:51Z |
ZEELAND, Mich., June 29, 2022 /PRNewswire/ --
- Strong sales growth of 77% over the prior year, up 23% organically
- Sequential operating margin improvement of 230 basis points
- Continued progress with the integration of Knoll
- Formal launch of the contract dealer network in North America positions MillerKnoll (NASDAQ: MLKN) for future growth
Webcast to be held Wednesday, June 29, 2022, at 5:30 PM ET
Fourth Quarter and Full-Year Fiscal 2022 Financial Results
To our shareholders:
In July 2021, we brought Herman Miller and Knoll together, creating one of the most influential design companies in the world. In the year since, we have made tremendous progress standing up our new company and beginning an integration journey aimed at combining the best aspects of both organizations. To date, we have completed the global organizational design, launched an industry-leading sales team and independent dealer network, and made meaningful progress toward our goal of delivering $120 million in run-rate cost synergies.
Our team delivered fourth quarter and fiscal year 2022 results that reflect both the strength and potential of MillerKnoll. Throughout the last year, our company contended with a volatile environment that continues and across our global operations we took decisive actions to mitigate supply chain disruptions and inflationary pressures. We remain confident that as a preeminent leader in design, our unique combination of contract and retail businesses and collective of brands enhances our ability to compete and grow in a new era of living and working.
MillerKnoll Consolidated Results
Fourth quarter consolidated net sales were $1.10 billion, reflecting an increase of 77.1% on a reported basis and 23.4% organically compared to prior year. Orders in the quarter of $1.01 billion were 47.0% higher on a reported basis and increased 4.4% organically over the prior year.
Gross margin in the fourth quarter of 34.8% was 160 basis points lower than the same quarter last year, driven primarily by higher commodity costs and other inflationary pressures. On a sequential basis, consolidated gross margin improved 180 basis points as a result of recent price increases. These price increases are expected to help drive further margin expansion in future quarters.
Consolidated operating expenses for the quarter were $325.5 million, compared to $214.8 million in the prior year. Consolidated adjusted operating expenses of $311.4 million, were up $120.5 million from last year, primarily due to the inclusion of $100.1 million of Knoll adjusted operating expenses and additional variable selling expenses.
Operating margin for the quarter was 5.2% compared to 1.8% during the prior year. On an adjusted basis, which excludes acquisition and integration-related charges, consolidated operating margin was 6.5% compared to 7.3% in the prior year. Consolidated operating margin improved sequentially by 230 basis points from the prior quarter.
The sequential expansion in operating margin this quarter was driven by improved operational performance, including the ongoing realization of integration savings, the realization of price increases we implemented earlier this fiscal year, and well-managed operating expenses.
We reported diluted earnings per share of $0.28 for the quarter. Adjusted earnings per share was $0.58 in the quarter, compared to $0.59 in the prior year.
For the full fiscal year, net sales were $3.95 billion, reflecting a year-over-year increase of 60.1%. On an organic basis, net sales increased by 13.6% compared to the prior year. Net loss per share for the full year totaled $0.37, compared to diluted earnings per share of $2.94 in fiscal 2021. On an adjusted basis, diluted earnings per share for the full year totaled $1.92 compared to diluted earnings per share of $3.07 in fiscal 2021.
At the end of the fourth quarter, our liquidity position reflected cash on hand and availability on our revolving credit facility totaling $526.9 million. In the fourth quarter of fiscal 2020, we temporarily suspended open market share repurchase activity as part of managing cash flows associated with uncertainty caused by the pandemic. Going forward, we are re-establishing our open market share repurchase program under our existing share repurchase authorization and may repurchase shares from time to time based on management's evaluation of market conditions, share price and other factors.
Continued organic growth in consolidated sales and orders
As mitigation efforts around the challenging supply chain environment have taken hold, lead times and reliability have returned to normal levels for almost all products and geographies. Strong production levels across our global footprint during the quarter drove the highest sales volume of the fiscal year. The International Contract business delivered record sales of $135.8 million in the quarter, an increase of 28.1% over the prior year on a reported basis and up 36.8% organically. Americas Contract sales were up 33.9% over the prior year, while Knoll sales were up 23.6% on a pro forma basis. While Retail sales were essentially flat compared to the prior year on a reported basis and up 1.8% organically, when compared to the same period in fiscal 2020, sales were up 112.0%.
Consolidated demand continued to exceed prior year levels, with orders of $1.0 billion up 47.0% over prior year on a reported basis and up 4.4% organically. Order growth in the Americas Contract segment was 12.3% compared to the prior year, while International orders were 1.6% higher on a reported basis and reflected organic growth of 7.5%. Knoll orders decreased by 2.9% on a pro forma basis. Retail orders were 12.0% lower than the prior year on a reported basis and down 10.2% organically.
Our Global Retail business was challenged by continued economic uncertainty and a shift in consumer spending to travel and other experiential categories. Despite these near-term pressures, new orders for the Retail segment were up 63.0% on a two-year stacked basis compared to the fourth quarter of fiscal year 2020. Excluding the workspace category, the two-year order growth for Retail was 76.9%. Even more importantly, we continue to see long-term potential for the retail businesses for several reasons. Herman Miller stores continue to outpace our expectations, and new product expansions at Design Within Reach and HAY, such as outdoor collections, and gaming chairs at Herman Miller continue to do well. We are making strategic investments in new Herman Miller stores, global eCommerce platforms, expanded product assortments and technology systems that will position the business for further growth in the future.
The future of the workplace remains a top priority for our Contract customers around the world. Even amidst broader economic uncertainty, employers recognize they must develop and implement workplace strategies to support new ways of working and shifting employee preferences. According to the most recent Leesman's Executive Survey, 93% of executives say they are planning changes to their office spaces, with some planning full scale renovations and many others making incremental improvements.
Our customers continue to turn to us for guidance navigating their own plans, especially as it relates to enabling hybrid work models that deliver the flexibility employees are demanding while also supporting the collaborative in-person work experience necessary to cultivate and enable company culture. The breadth of our portfolio enables us to solve for a wide variety of workplace scenarios. Our unique value proposition is resonating, and customers are engaging. Customer visits in the fourth quarter were double that of the third quarter. Our dealers continue to report a positive view of in-market activity.
Finally, on a consolidated basis, we closed the fiscal year with a consolidated backlog of $932.5 million, reflecting an increase of 108.7% on a reported basis and up 45.3% organically, creating a strong foundation entering fiscal year 2023.
Integration progresses with milestone achievements in the fourth quarter
June 1, 2022 marked a critical milestone in our integration journey, as we launched our MillerKnoll sales and dealer network in North America. Quickly following, we held our first MillerKnoll Design Days in Chicago with product launches across our collective of brands and events throughout 70,000 square feet of showroom and retail space. Customers now have access to our full portfolio of brands through a unified dealer network in North America, giving them more choice and creating more opportunities for our dealer partners.
We are also making excellent progress in building our International MillerKnoll Contract dealer network to cross-sell the MillerKnoll collective of brands. Our International MillerKnoll dealer cross-sell pilot now includes 32 dealers from 17 countries on three continents, with dealers in the queue for pilots to launch in the Middle East and Africa later this calendar year.
Core to MillerKnoll is our commitment to our people, our planet, and our communities; and in the fourth quarter, we introduced our 2030 sustainability goals. These goals are shared across our collective of brands and are targeted at reducing our carbon footprint, designing out waste, and sourcing more sustainable materials.
We began our integration journey by developing a strategic plan that has served us well over the past year. We are on track and delivering well against our milestones. At quarter-end, we had achieved run-rate cost synergies of $66 million and remain confident we will deliver on our target of $120 million within three years of closing.
Designing for the future and expanding our reach
Our design and innovation pipeline is robust with more than a dozen new products launching across our collective of brands at Design Days, including new task seating from both Herman Miller and Knoll, new textiles from Maharam and Knoll Textiles and a new Sit-to-Stand desk from Geiger. There is incredible opportunity to build upon our legacy of design in every region and channel we operate.
To unlock the full potential of our Retail business, we have made some considerable progress capitalizing our digital platforms and expanding our reach. In the fourth quarter, we introduced a new HAY website in the U.S. and began a series of global website launches for Herman Miller and Herman Miller Gaming in native languages to further our reach outside of North America.
In addition, we are dramatically improving our data platforms and analytics capabilities, continuing to expand our assortment and increasing the Herman Miller store footprint, all of which allow us to reach a broader range of customers. We opened eight Herman Miller stores in the fourth quarter, including three in Japan, and one DWR retail studio. We have three additional store openings planned for the first quarter of fiscal 2023. Much of our customer data and assortment expansion work occurred in the fourth quarter, and we expect to realize the benefits of these efforts as we move through fiscal 2023.
Outlook
We expect sales in the first quarter of fiscal year 2023 to range between $1,080 million and $1,120 million. It is important to note that the first quarter revenue estimate includes the impact of an additional week of sales based on the company's accounting calendar, which periodically is required to re-align the company's fiscal periods with the calendar months. The mid-point of this range implies a revenue increase of 39% compared to the same quarter last fiscal year on a reported basis and 11% on an organic basis, excluding the impact of the extra week, Knoll acquisition and foreign currency translation. We anticipate earnings per share to be between $0.32 and $0.38 for the quarter.
Realizing the full potential of MillerKnoll
Our fourth quarter was the culmination of a year's worth of thoughtful planning and extraordinary execution by our teams around the world. It serves as a testimonial to the agility and flexibility of our diversified business, enabling us to pivot toward emerging opportunities while overcoming macro-economic challenges where they exist.
We are MillerKnoll, a collective of dynamic brands committed to design, and as we continue to design our future, we are leveraging our comprehensive product portfolio, scaled global footprint and dealer network, and advanced digital capabilities to transform our industry and reimagine modern for the 21st century. Thank you for continuing on this journey with us.
Financial highlights for the twelve months ended May 28, 2022 follow:
Non-GAAP Financial Measures and Other Supplemental Data
This presentation contains non-GAAP financial measures that are not in accordance with, nor an alternative to, generally accepted accounting principles (GAAP) and may be different from non-GAAP measures presented by other companies. These non-GAAP financial measures are not measurements of our financial performance under GAAP and should not be considered an alternative to the related GAAP measurement. These non-GAAP measures have limitations as analytical tools and should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. Our presentation of non-GAAP measures should not be construed as an indication that our future results will be unaffected by unusual or infrequent items. We compensate for these limitations by providing equal prominence of our GAAP results. Reconciliations of these non-GAAP measures to the most directly comparable financial measures calculated and presented in accordance with GAAP are provided in the financial tables included within this presentation. The Company believes these non-GAAP measures are useful for investors as they provide financial information on a more comparative basis for the periods presented.
The non-GAAP financial measures referenced within this presentation include: Adjusted Earnings per Share, Adjusted Operating Earnings (Loss), Adjusted Gross Margin, Adjusted Operating Expenses, and Organic Growth (Decline).
Adjusted Earnings per Share represents reported diluted earnings per share excluding the impact from amortization of purchased intangibles, acquisition and integration charges, debt extinguishment charges, restructuring expenses, other special charges or gains and the related tax effect of these adjustments. These adjustments are described further below.
Adjusted Operating Earnings (Loss) represents reported operating earnings plus acquisition and integration charges, amortization of purchased intangibles, restructuring expenses and other special charges or gains. These adjustments are described further below.
Adjusted Gross Margin represents gross margin plus amortization of purchased intangibles and other special charges. These adjustments are described further below.
Adjusted Operating Expenses represents reported operating expenses excluding acquisition and integration charges, amortization of purchased intangibles, restructuring expenses and other special charges or gains. These adjustments are described further below.
Organic Growth represents the change in sales and orders, excluding currency translation effects and the impact of acquisitions and divestitures.
Amortization of purchased intangibles: Includes expenses associated with the amortization of inventory step-up and amortization of acquisition related intangibles acquired as part of the Knoll acquisition. The revenue generated by the associated intangible assets has not been excluded from the related non-GAAP financial measure. We exclude the impact of the amortization of purchased intangibles, including the fair value adjustment to inventory, as such non-cash amounts were significantly impacted by the size of the Knoll acquisition. Furthermore, we believe that this adjustment enables better comparison of our results as Amortization of Purchased Intangibles will not recur in future periods once such intangible assets have been fully amortized. Any future acquisitions may result in the amortization of additional intangible assets. Although we exclude the Amortization of Purchased Intangibles in these non-GAAP measures, we believe that it is important for investors to understand that such intangible assets were recorded as part of purchase accounting and contribute to revenue generation.
Acquisition and integration charges: Costs related directly to the Knoll acquisition including legal, accounting and other professional fees as well as integration-related costs. Integration-related costs include severance, accelerated stock-based compensation expenses, asset impairment charges, and other cost reduction efforts or reorganization initiatives.
Debt extinguishment charges: Includes expenses associated with the extinguishment of debt as part of financing the Knoll acquisition. We excluded these items from our non-GAAP measures because they relate to a specific transaction and are not reflective of our ongoing financial performance.
Gain on sale of dealer: Includes the gain recorded on the divestiture of an owned dealership.
Legal settlement gain: Includes the gain recorded on the settlement of a legal matter in the prior year.
Restructuring expenses: Include actions involving facilities consolidation and optimization, targeted workforce reductions, and costs associated with an early retirement program.
Special charges: Special charges include certain costs arising as a direct result of the COVID-19 pandemic, and retroactive payments related to reinstated employee benefits made in the prior year. Retroactive payments related to reinstated employee benefits were an adjustment to Operating Earnings and Earnings Per Share in the fourth quarter, but not for the full year.
Tax related items: We excluded the income tax benefit/provision effect of the tax related items from our non-GAAP measures because they are not associated with the tax expense on our ongoing operating results.
Certain tables below summarize select financial information, for the periods indicated, related to each of the Company's reportable segments. The Americas Contract segment includes the operations associated with the design, manufacture, and sale of furniture products for work-related settings, including office, education, and healthcare environments, throughout the United States, Canada and Latin America. Americas Contract also includes the operations associated with the design, manufacture, and sale of high-craft furniture products and textiles including Geiger wood products, Maharam textiles, naughtone and Nemschoff products. The International Contract segment includes the operations associated with the design, manufacture, and sale of furniture products, primarily for work-related settings, in the European, Middle East and Asia-Pacific geographic regions. The Global Retail segment includes the global operations associated with the sale of modern design furnishings and accessories to third party retail distributors, as well as direct to consumer sales through eCommerce and Design Within Reach, HAY, and Herman Miller retail stores and studios. The Knoll segment includes the global operations associated with the design, manufacture, and sale of furniture products within the Knoll constellation of brands. Corporate costs represent unallocated expenses related to general corporate functions, including, but not limited to, certain legal, executive, corporate finance, information technology, administrative and acquisition-related costs.
A. Reconciliation of Operating Earnings (Loss) to Adjusted Operating Earnings (Loss) by Segment1
B. Reconciliation of Earnings (Loss) per Share to Adjusted Earnings per Share1
C. Reconciliation of Gross Margin to Adjusted Gross Margin1
D. Reconciliation of Operating Expenses to Adjusted Operating Expenses
E. Organic Sales Growth by Segment
F. Organic Order Growth by Segment
G. Design Within Reach Studio Metrics
Note: Retail segment sales also include sales through eCommerce, outlet store, call center and wholesale channels.
H. Sales and Earnings Guidance - Upcoming Quarter
Q&A Webcast
The Company will host a live question and answer webcast to discuss the results of the fourth quarter of fiscal 2022 on Wednesday, June 29, 2022, at 5:30 PM ET. To ensure your access to the webcast, you should allow extra time to visit the Company's website at https://www.millerknoll.com/investor-relations/news-events/events-and-presentations to download the streaming software necessary to participate. An online archive of the presentation will be available on the website later that day.
About MillerKnoll
MillerKnoll is a collective of dynamic brands that comes together to design the world we live in. MillerKnoll brand portfolio includes Herman Miller, Knoll, Colebrook Bosson Saunders, DatesWeiser, Design Within Reach, Edelman Leather, Fully, Geiger, HAY, Holly Hunt, KnollTextiles, Maars Living Walls, Maharam, Muuto, naughtone, and Spinneybeck|FilzFelt. MillerKnoll is an unparalleled platform that redefines modern for the 21st century by building a more sustainable, equitable and beautiful future for all.
Forward-Looking Statements
This communication includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements relate to future events and anticipated results of operations, business strategies, the anticipated benefits of the transaction, the anticipated impact of the transaction on the combined company's business and future financial and operating results, the expected amount and timing of synergies from the transaction, and other aspects of our operations or operating results. These forward-looking statements generally can be identified by phrases such as "will," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. It is uncertain whether any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what impact they will have on the results of operations and financial condition of MillerKnoll or the price of MillerKnoll's stock. These forward-looking statements involve certain risks and uncertainties, many of which are beyond MillerKnoll's control, that could cause actual results to differ materially from those indicated in such forward-looking statements, including but not limited to: the impact of public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics, and any related company or government policies and actions to protect the health and safety of individuals or government policies or actions to maintain the functioning of national or global economies and markets; risks related to the additional debt incurred in connection with the merger; MillerKnoll's ability to comply with its debt covenants and obligations; the risk that the anticipated benefits of the merger will be more costly to realize than expected; the effect of the announcement of the merger on the ability of MillerKnoll to retain and hire key personnel and maintain relationships with customers, suppliers and others with whom MillerKnoll does business, or on MillerKnoll's operating results and business generally; the ability to successfully integrate Knoll's operations; the ability of MillerKnoll to implement its plans, forecasts and other expectations with respect to MillerKnoll's business after the completion of the transaction and realize expected synergies; business disruption following the merger; general economic conditions; the availability and pricing of raw materials; the financial strength of our dealers and the financial strength of our customers; the success of newly-introduced products; the pace and level of government procurement; and the outcome of pending litigation or governmental audits or investigations. For additional information about other factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to MillerKnoll's periodic reports and other filings with the SEC, including the risk factors identified in MillerKnoll's most recent Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K. The forward-looking statements included in this communication are made only as of the date hereof. MillerKnoll does not undertake any obligation to update any forward-looking statements to reflect subsequent events or circumstances, except as required by law.
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SOURCE MillerKnoll | https://www.wibw.com/prnewswire/2022/06/29/millerknoll-inc-reports-fourth-quarter-fiscal-2022-results/ | 2022-06-29T21:16:29Z |
WARREN, N.J. and BENGALURU, India, July 19, 2022 /PRNewswire/ -- Mindtree, a global technology services and digital transformation company, today announced that it has partnered with Rubrik, the Zero Trust Data Security™ Company, to launch a unified cyber-recovery platform named MINDTREE VAULT.
The platform combines Mindtree's program management, cloud, data, and cybersecurity capabilities, best practices, and accelerators, with Rubrik's data resilience, data observability, and data recovery capabilities. It enables organizations to work through the full scope of recovery, including assessment, discovery, migration with ongoing management services, and pilots for proof-of-concept projects. By empowering organizations to quickly shift to data-driven models, ensure data is immutable, and enhance their ability to guard against cyberattacks as well as swiftly recover from them, the platform delivers a seamless experience and a key component of an organization's data security posture.
"With cyberattacks and ransomware on the rise, the need for data security has never been more critical," said Ghazal Asif, VP, Global Channels and Alliances at Rubrik. "Our partner ecosystem is the lifeblood of Rubrik and the value partners like Mindtree bring to customers is tremendous. We are thrilled to work with Mindtree to help bring this unified cyber-recovery platform to life, as we continue to propel Rubrik's mission to secure the world's data."
"Organizations are looking for speed and resiliency when dealing with cybersecurity risks in their digital transformation journeys," said Sriram K, Executive Vice President and Service Lines Market Head for North America at Mindtree. "Greater connectivity and new innovations being used by attackers mean an ever more critical need for faster, more modern approaches to data recovery and protection. Our partnership with Rubrik will further strengthen our digital transformation offerings with enhanced data security and data protection, thus enabling customers to rapidly adopt new technology and realize their transformation goals."
About Mindtree
Mindtree [NSE: MINDTREE] is a global technology consulting and services company that enables enterprises across industries to drive superior competitive advantage, customer experiences and business outcomes by harnessing digital and cloud technologies. A digital transformation partner to approximately 275 of the world's most pioneering enterprises, Mindtree brings extensive domain, technology and consulting expertise to help reimagine business models, accelerate innovation and maximize growth. As a socially and environmentally responsible business, Mindtree is focused on growth as well as sustainability in building long-term stakeholder value. Powered by more than 37,400 talented and entrepreneurial professionals across 24 countries, Mindtree — a Larsen & Toubro Group company — is consistently recognized among the best places to work.
For more, please visit www.mindtree.com or @Mindtree_Ltd.
For more information, contact: media@mindtree.com.
Logo: https://mma.prnewswire.com/media/1004066/Mindtree_Logo.jpg
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SOURCE Mindtree | https://www.wibw.com/prnewswire/2022/07/19/mindtree-rubrik-partner-launch-unified-cyber-recovery-platform/ | 2022-07-19T09:04:45Z |
All-in-one stack for powerful kiosk & signage, technically verified by Google and optimized for the Chrome OS.
ATLANTA, June 8, 2022 /PRNewswire/ -- the meldCX Core Platform, an enterprise platform for organizations to build or re-use, deploy, and manage commercial applications for unattended commercial devices, has been named a Google Chrome Enterprise Recommended solution for kiosk and digital signage.
This certification comes after a rigorous technical validation process from the Google team, ensuring that the solution fulfills Google's high performance standards while offering the most secure, flexible, and efficient way to deploy unattended commercial devices.
Digital signage and kiosks have proven to be a successful way of attracting customers, with 80% of shoppers claiming to have entered a store because they got lured in by digital signage. Modern businesses that want to stay at the forefront of customer experience and staff efficiency should consider deploying kiosks or signage screens in their venues.
Yet, the process is oftentimes easier said than done. meldCX + Google are here to do the heavy lifting.
The meldCX Core Platform on the Chrome OS removes the complexities in kiosk and signage deployments, with features such as:
- Low code / no code environment: For customers to build great experiences
- Toolset to enable AI and Machine Vision: With ease for enhanced customer experience and automation tasks
- A single endpoint dashboard: For remote control, management, and scheduling of content and apps, as well as devices deployment and troubleshooting, including AI based self healing and automated endpoint recovery
- A robust developer portal: With the latest tools and integrations, allowing developers to focus on building the app, not the stack
- Peripheral connection: Connect the kiosk or signage screens to peripherals (e.g. printers, payment terminals, card scanners, cameras) with ease
- Increased security: All content is hardware encrypted. In an incident of attack, easily isolate devices, perform incident reports, and bring them back into a trusted state. Secure element backed certificates fully automated.
- …And more.
"meldCX Core on Chrome OS provides all the building blocks you need to rapidly and successfully deploy kiosk and signage use cases," says Stephen Borg, meldCX CEO and Co-Founder.
"For developers who need support in app development, meldCX Core contains more than 1000 integrations so you can quickly get your app to market. If you are in operations, easily manage your devices and apps remotely via our cloud-first dashboard, the meldCX Cloud Console," adds Clinton Capuzzi, meldCX CTO and Co-Founder.
About the Google Chrome Enterprise Recommended program (www.chromeenterprise.google/os/recommended)
Chrome Enterprise Recommended is Google's partner program for third-party solutions on Chrome OS, which have been verified by the Google team to be optimized for the Chrome OS. Chrome Enterprise Recommended partners have worked with Google to extend the functionality, quality, security, and end user experience of their Chrome OS products.
About meldCX (www.meldcx.com)
meldCX's mission is to empower businesses and individuals to create premier customer experiences through AI and intelligent edge technologies. Market leaders need applications that make customer and employee experiences more interesting and fulfilling — meldCX technology delivers the building blocks for their success. meldCX is headquartered in Melbourne, Australia, with teams in APJ, USA, and UK (EMEA).
Media contact: meldCX Marketing Team, +61 3 8373 9250, marketing@meldcx.com
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SOURCE meldCX | https://www.wibw.com/prnewswire/2022/06/08/meldcx-core-platform-is-named-google-chrome-enterprise-recommended-product/ | 2022-06-08T17:43:34Z |
Slonina, viewed as US future keeper, listed on Poland roster
By The Associated Press
The Chicago Fire’s Gabriel Slonina was listed on Poland’s 39-man roster announced by coach Czesław Michniewicz ahead of four Nations League matches next month. Slonina is an 18-year-old player viewed as a goalkeeper of the future for the U.S. national team. He turned 18 on Sunday. Slonina became Major League Soccer’s youngest starting goalkeeper last Aug. 4 at 17 years, 81 days, in a 0-0 draw against New York City. He started 11 league matches last season and has started the first 11 this year. | https://localnews8.com/sports/ap-national-sports/2022/05/17/slonina-viewed-as-us-future-keeper-listed-on-poland-roster/ | 2022-05-17T16:23:52Z |
Forbes Technology Council Is an Invitation-Only Community for World-Class Technology Executives.
NEW YORK, July 14, 2022 /PRNewswire/ -- ThirdEye's CEO Nick Cherukuri, whose company is an industry leader in Augmented Reality and Artificial Intelligence, has been accepted into Forbes Technology Council, an invitation-only community for world-class CIOs, CTOs, and technology executives.
Mr. Nick Cherukuri was vetted and selected by a review committee based on the depth and diversity of his experience. Criteria for acceptance include a track record of successfully impacting business growth metrics, as well as personal and professional achievements and honors.
"We are honored to welcome Nick Cherukuri into the community," said Scott Gerber, founder of Forbes Councils, the collective that includes Forbes Technology Council. "Our mission with Forbes Councils is to bring together proven leaders from every industry, creating a curated, social capital-driven network that helps every member grow professionally and make an even greater impact on the business world."
Finally, ThirdEye will benefit from exclusive access to vetted business service partners, membership-branded marketing collateral, and the high-touch support of the Forbes Councils member concierge team. The ThirdEye RemoteEye software platform is an industry leading AR/AI platform cross compatible on smart glasses, tablets, phones and web. The platform is being used in over a dozen countries by hundreds of users with millions in savings.
"It is very exciting to join the Forbes technology council and share our experience in AR/AI as well as interact with other leading technology members worldwide," said Mr. Nick Cherukuri.
Forbes Councils is a collective of invitation-only communities created in partnership with Forbes and the expert community builders who founded Young Entrepreneur Council (YEC). In Forbes Councils, exceptional business owners and leaders come together with the people and resources that can help them thrive.
For more information about Forbes Technology Council, visit forbestechcouncil.com. To learn more about Forbes Councils, visit forbescouncils.com.
ThirdEye is a leader in providing a complete digital end-to-end eco-system of products in the AI/AR. ThirdEye creates apps ranging from games/entertainment to enterprise applications and its products retail around the world. AI/AR has the potential to change the way the world operates, and ThirdEye's vision is to help generate the future. ThirdEye's team history is over 20 years of advanced technology development for the United States Government.
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SOURCE ThirdEye Gen, Inc. | https://www.wibw.com/prnewswire/2022/07/14/thirdeye-gen-incs-nick-cherukuri-accepted-into-forbes-technology-council/ | 2022-07-14T19:07:45Z |
The Ohio doctor accused of overprescribing fentanyl to his critically ill patients and hastening their deaths was found not guilty of 14 counts of murder on Wednesday.
William Husel and his attorney embraced at the defense table after the 14th and final not guilty verdict was read in court. He was subsequently discharged from the courtroom. Franklin County Ohio prosecutor Gary Tyack said in a statement, "We accept the jury verdict."
The decision comes just over a week after jurors began deliberating and days after they said they were at an impasse and could not reach a unanimous verdict, leading Franklin County Judge Michael Holbrook to instruct them to continue their deliberations.
Husel faced 14 counts of murder as prosecutors said he purposely administered excessive doses of fentanyl that caused or sped up the deaths of patients in the intensive care unit from 2015 to 2018. All of the counts also included the lesser charge of attempted murder.
"If you hasten a person's death, even if their death is as sure as the sun is going to rise in the morning, if you hasten that along, you have caused their death under the eyes of the law," Franklin County prosecutor David Zeyen said in closing arguments.
Defense attorney Jose Baez argued prosecutors had not proven beyond a reasonable doubt that the doses actually hastened the patients' deaths or that Husel purposely intended to kill the patients.
The trial began in February, with over 50 witnesses testifying for the prosecution, including doctors, nurses and administrative employees of Mount Carmel Hospital West, where Husel worked as the night ICU physician.
Family members detailed the stories of their loved ones declining quickly once at the hospital, as well as their experiences with Husel and the ICU. Experts also told the court the large fentanyl doses Husel gave to patients caused their deaths and were intended to accelerate the dying process.
Despite the accusations, Husel's former colleagues testified that he was a wonderful doctor who was hardworking, fought to save people's lives, was helpful to everyone in the ICU unit and was always there to teach and explain.
Husel's defense called just one witness, Dr. Joel Zivot, who studied the medical records of the 14 patients and determined they had severe and unrecoverable illnesses. Zivot also testified that recovery to a normal state of health was not possible for the patients, and he determined underlying medical issues caused their deaths.
Husel did not take the stand. His medical license is currently suspended, defense counsel confirmed to CNN.
How we got here
The trial comes almost three years after Husel, 46, was indicted on 25 counts of murder, though 11 of those counts were dismissed pretrial.
The Mount Carmel Health System initially said the hospital received a report related to Husel's care on October 25, 2018. The hospital system removed Husel from patient care a month later. In that period, three people died "after receiving excessive and potentially fatal doses of medication" ordered by the doctor, the hospital said in a statement.
Husel was fired December 5, 2018. That same month, an attorney representing Mount Carmel reached out to the Franklin County prosecutor's office, launching an investigation into Husel.
During their initial conversations, the attorney said a doctor -- later identified as Husel -- was "administering doses of fentanyl at a level that they internally believed were inappropriate and not for a legitimate medical purpose," said Ron O'Brien, the Franklin County prosecutor at the time.
The investigation found the doses, which ranged from 500 to 2,000 micrograms, "were designed to hasten the death of the patients that were being treated," O'Brien said.
Fentanyl is an opioid used to treat patients with chronic severe pain or severe pain after surgery, according to the US Drug Enforcement Administration (DEA). The drug, about 100 times more potent than morphine, is also often used in end-of-life care to reduce discomfort in dying patients.
The DEA considers 2 milligrams of fentanyl, or 2,000 micrograms, to be a potentially lethal dose.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/news/ohio-doctor-accused-of-overprescribing-fentanyl-to-the-dying-found-not-guilty-of-murder/article_d535e96d-6c1e-5e0d-9003-a89b7643374e.html | 2022-04-20T16:03:46Z |
SHENZHEN, China, July 20, 2022 /PRNewswire/ -- Peng Song, President of Huawei Carrier BG Marketing & Solution Sales Dept, spoke today about the company's newest plans for operator cloud transformation at the Carrier Cloud Transformation Summit during Win-Win·Huawei Innovation Week. He explained how Huawei is excited to support these transformations by helping increase network value, accelerate service innovation, and optimize telecom operations to unleash the benefits of connectivity.
Cloud is becoming a crucial part of industrial digital transformation, and is now considered a key economic factor because of its ability to reshape the economic structure and market landscape of individual industries.
The telecom industry has already entered in a critical stage of its own cloud transformation, resulting in many new opportunities and challenges. 15% of operators are expected to develop and fully implement a comprehensive cloud strategy by the end of 2023, resulting in a telecommunications cloud market worth hundreds of billions of dollars. To support this expansion and take advantage of the new markets these technologies are creating, operators must prioritize the construction of more efficient and agile ICT infrastructure.
Peng believes that operators' cloud transformation should be based on communication technology (CT) and that operators should be leveraging the unique strengths of the telecom industry and cloud transformation to magnify the value of their networks and services.
He emphasized that there are three areas operators must focus on to seize the opportunities being presented:
First, in terms of network value, operators need to expand network boundaries with the cloud and improve network value in the B2B market to make sure these advancements benefit more customers. Networks are operators' core assets, and operators can take this advantage and advance cloud transformation in a synergistic way.
In China, Huawei provides network and edge cloud capabilities to enable operators to provide their enterprise customers with solutions for higher productivity, enlarging their addressable market by 25%.
Second, in terms of digital innovation, operators need to build cloud platforms for digital service innovation that they can use to launch new services more quickly. Collaborative cloud platforms that bridge telecom services and digital services will further accelerate innovation and improve their customer acquisition capabilities.
In Europe, Huawei has already helped operators migrate development environments, test environments, and hundreds of services to the Huawei Cloud platform. This has helped some operators shorten the time-to-market for new services by 75% through the use of an agile development platform and telecom PaaS capabilities.
Third, in terms of telecom operations, operators need to use pre-integrated cloud solutions specifically designed for the telecom industry to support sustainable growth of their primary business. Telecom cloud transformation requires cloud platforms that have a distributed architecture able to meet the data security and management requirements of adaptive telecom service architectures. A rational time line of cloud transformation is also necessary to ensure services are robustly migrated to the cloud.
In Asia, Huawei has deployed distributed clouds to handle a diverse range of operator services and features, and used Huawei's distributed data lake to conduct correlated data analyses for different services, improving the 5G package marketing success rate by 180%.
Peng closed out his address stating that, to succeed in cloud transformation and provide quality services to customers, it is important that operators establish strategic partnerships with those who deeply understand the telecom industry and knows how to leverage the strengths of telecom. By the end of 2021, Huawei had worked extensively with more than 120 operators globally on cloud services. Huawei has committed to further investing into ICT and leveraging its localized service capabilities worldwide to accelerate operators' cloud transformation and unleash the benefits of connectivity.
The Win-Win·Huawei Innovation Week is held from July 18 to July 21 in Shenzhen, China. Together with global operators, industry professionals, and opinion leaders, we dive into topics such as 5.5G, green development, and digital transformation to envision shared success in the digital economy. For more information, please visit: https://carrier.huawei.com/en/events/winwin-innovation-week.
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SOURCE Huawei | https://www.wibw.com/prnewswire/2022/07/20/huawei-facilitates-operator-cloud-transformation-unleash-value-connectivity/ | 2022-07-20T14:04:07Z |
- Treatment with epigenomic controller, OTX-2002, resulted in robust in vivo efficacy in xenograft tumor models
- OTX-2002 successfully achieved pre-transcriptional downregulation of hepatocyte MYC gene expression in non-human primates
- Clinical potential of OTX-2002 as a monotherapy or in combination with existing standard-of-care therapies, including immune checkpoint inhibitors
- IND filed by the company to advance OTX-2002 into the clinic
CAMBRIDGE, Mass., June 30, 2022 /PRNewswire/ -- Omega Therapeutics, Inc. (Nasdaq: OMGA) (Omega), a development-stage biotechnology company pioneering the first systematic approach to use mRNA therapeutics as a new class of programmable epigenetic medicines by leveraging its OMEGA Epigenomic Programming™ platform, announces the presentation of new preclinical data on its lead product candidate, OTX-2002, to regulate expression of the c-Myc (MYC) oncogene through epigenetic modulation in multiple models of hepatocellular carcinoma (HCC) in a poster presentation at the European Society of Medical Oncology (ESMO) 2022 World Congress on Gastrointestinal (GI) Cancer, taking place in Barcelona, Spain, June 29 – July 2, 2022.
"We are proud to present these new data and add to the wealth of evidence supporting the potential of OTX-2002 as a new treatment option for patients suffering from HCC," said Thomas McCauley, Ph.D., Omega's Chief Scientific Officer. "In addition to providing strong evidence of OTX-2002's activity in the most translationally relevant species to human, non-human primates, the data support its potential as a monotherapy as well as its ability to synergize with existing treatment options. We believe epigenomic programming offers a promising avenue to precisely target previously undruggable genes, like MYC, that overcomes the compensatory mechanisms that have hindered previous modalities. We have recently filed an IND with the FDA for OTX-2002 and look forward to continuing to advance towards the clinic in service of patients."
- In non-human primates, treatment with OTX-2002 resulted in durable reduction of MYC mRNA levels in liver consistent with previous in vitro and in vivo studies
- OTX-2002 treatment decreased MYC mRNA and protein levels and cell viability in multiple HCC cell lines, while sparing normal cells
- OTX-2002 significantly reduced tumor growth in HCC xenografts models
- OTX-2002 treatment is associated with decreased expression of the immune checkpoint factor PD-L1 in HCC cells, suggesting a potential role for combination therapy with immune checkpoint inhibitors
- Combining OTX-2002 with existing standard of care therapies for HCC resulted in further reduction of cell viability and tumor burden in both in vitro and in vivo HCC models, respectively
- OTX-2002 treatment demonstrated synergistic activity with AKT inhibition in HCC cells, highlighting additional possible combination approaches
The poster can be viewed on the Omega website at https://omegatherapeutics.com/our-science/#publications-research
OTX-2002 is a first-in-class Omega Epigenomic Controller™ in development for the treatment of HCC. OTX-2002 is an mRNA therapeutic delivered via lipid nanoparticles (LNPs) and is designed to downregulate MYC expression pre-transcriptionally through epigenetic modulation while potentially overcoming MYC autoregulation. The MYC oncogene is associated with aggressive disease in up to ~70% of patients with HCC. An IND application for OTX-2002 for the treatment of HCC has been submitted to the FDA.
Omega Therapeutics, founded by Flagship Pioneering, is a development-stage biotechnology company pioneering the first systematic approach to use mRNA therapeutics as a new class of programmable epigenetic medicines. The company's OMEGA Epigenomic Programming™ platform harnesses the power of epigenetics, the mechanism that controls gene expression and every aspect of an organism's life from cell genesis, growth, and differentiation to cell death. Using a suite of technologies, paired with Omega's process of systematic, rational, and integrative drug design, the deterministic OMEGA platform enables control of fundamental epigenetic processes to correct the root cause of disease by returning aberrant gene expression to a normal range without altering native nucleic acid sequences. Omega's modular and programmable mRNA medicines, Omega Epigenomic Controllers™, target specific epigenomic loci within insulated genomic domains, EpiZips™, from amongst thousands of unique, mapped, and validated genome-wide DNA-sequences, with high specificity to durably tune single or multiple genes to treat and cure diseases through Precision Genomic Control™. Omega is currently advancing a broad pipeline of development candidates spanning a range of disease areas, including oncology, regenerative medicine, multigenic diseases including immunology, and select monogenic diseases, including alopecia.
For more information, visit omegatherapeutics.com, or follow us on Twitter and LinkedIn
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding our participation in upcoming events and presentations and expectations regarding our business strategy, OTX-2002 and product candidate pipeline, including efficacy, trial design, regulatory submissions, approvals and timing thereof, and the initiation of preclinical studies and advancement of multiple preclinical development programs. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: the novel technology on which our product candidates are based makes it difficult to predict the time and cost of preclinical and clinical development and subsequently obtaining regulatory approval, if at all; the substantial development and regulatory risks associated with epigenomic controller machines due to the novel and unprecedented nature of this new category of medicines; our limited operating history; the incurrence of significant losses and the fact that we expect to continue to incur significant additional losses for the foreseeable future; our need for substantial additional financing; our investments in research and development efforts that further enhance the OMEGA platform, and their impact on our results; uncertainty regarding preclinical development, especially for a new class of medicines such as epigenomic controllers; the fact that our product candidates may be associated with serious adverse events, undesirable side effects or have other properties that could halt their regulatory development, prevent their regulatory approval, limit their commercial potential, or result in significant negative consequences; the impact of increased demand for the manufacture of mRNA and LNP based vaccines to treat COVID-19 on our development plans; difficulties manufacturing the novel technology on which our OEC candidates are based; our ability to adapt to rapid and significant technological change; our reliance on third parties for the manufacture of materials; our ability to successfully acquire and establish our own manufacturing facilities and infrastructure; our reliance on a limited number of suppliers for lipid excipients used in our product candidates; our ability to advance our product candidates to clinical development; and our ability to obtain, maintain, enforce and adequately protect our intellectual property rights. These and other important factors discussed under the caption "Risk Factors" in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, and our other filings with the SEC could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management's estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.
Contacts
Investor contact:
Kevin Murphy
Argot Partners
212.600.1902
ArgotOmega@argotpartners.com
Media contact:
Jason Braco
LifeSci Communications
646.751.4361
jbraco@lifescicomms.com
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SOURCE Omega Therapeutics | https://www.wibw.com/prnewswire/2022/06/30/omega-therapeutics-presents-new-preclinical-data-supporting-first-epigenomic-controller-otx-2002-potential-therapeutic-approach-hepatocellular-carcinoma-esmo-2022-world-congress-gastrointestinal-cancer/ | 2022-06-30T12:35:00Z |
NEW YORK, June 29, 2022 /PRNewswire/ -- On June 28th, members of the Philos Action League, joined by representatives from Pathways for Peace, Combat Antisemitism Movement, and the Anti-Defamation League, demonstrated outside Presbyterian Church USA (PCUSA) headquarters in a Sidewalk Stand against Antisemitism and in support of Israel's right to self-determination. The group confronted delegates arriving at the PCUSA's headquarters to vote on a controversial resolution to condemn Israel for its laws, policies, and practices they charge constitute apartheid. Yesterday's committee vote was just the latest in a string of anti-Israel measures the PCUSA has taken up since 2004, including multiple efforts linked to the BDS movement.
On Sunday, the Philos Action League delivered an open letter to PCUSA's Louisville, KY, headquarters and ten of its churches across the United States in a stand against antisemitism. Fifteen other organizations, Jewish and Christian, joined in the letter that urged General Assembly delegates to reject the overture because it fuels hate, even as antisemitic attacks are on the rise.
"Yesterday's committee vote to designate Israel an apartheid state will leave an indelible stain on the PCUSA's legacy. Should PCUSA ultimately pass this resolution it would stand with the most vocal and vile antisemitic critics of Israel whose goal is to see the Jewish state destroyed," said Luke Moon, the Deputy Director of The Philos Project. Moon, who was outside PCUSA headquarters today added, "Now, more than ever, Christians must stand with our Jewish brethren against the evils of antisemitism at home and abroad. We urge the PCUSA General Assembly to reject this overture and to refute rather than embrace the kind of hate and antisemitic propaganda that has fueled an uptick in violence against Jews in the United States."
In the days leading up to the vote and yesterday's Sidewalk Stand against Antisemitism, the Philos Action League ran a digital advertising campaign, including mobile billboards, in the Louisville area to invite others to join them in opposing the PCUSA resolution.
Philos Action League is a membership community of Christians who are committed to showing up, physically, in solidarity and friendship with the Jewish community when an act of antisemitism happens. PAL was developed by leaders at The Philos Project, an organization committed to promoting positive Christian engagement in the Near East, to move beyond mere words and put support for the Jewish community into practice.
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SOURCE Philos Project | https://www.wibw.com/prnewswire/2022/06/29/philos-action-league-mobilizes-against-antisemitic-presbyterian-church-usa-vote/ | 2022-06-29T16:42:25Z |
ISTANBUL, June 1, 2022 /PRNewswire/ -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ: HEPS), a leading Turkish e-commerce platform, as part of its ongoing commitment to lead digitalization of commerce and the importance of financial solutions to that vision, today announced the appointment of Erkin Aydın as Chief Executive Officer of Hepsi Finansal Danışmanlık A.Ş. ("Hepsi Finansal"), effective June 1, 2022. Mr. Aydın will report to Mr. Murat Emirdağ, Chief Executive Officer of Hepsiburada.
Hepsi Finansal, through Doruk Finansman A.Ş. ("Doruk Finansman"), operates a consumer financing company in Turkey. The acquisition of Doruk Finansman in early 2022 was Hepsiburada's first step into entering the consumer finance sector. In his role as Chief Executive Officer of Hepsi Finansal, Mr. Aydın will oversee the broader financial service operations of Hepsiburada.
"Erkin is a prominent figure in the Turkish banking sector with expertise in Fintech, and we are delighted to welcome him to Hepsiburada," said Mr. Emirdağ. "I am confident that under Erkin's leadership, we will make progress towards becoming a leading Fintech player across online and offline channels."
Prior to Hepsiburada, Erkin Aydın worked in various positions at QNB Finansbank A.Ş., the Turkish subsidiary of Qatar National Bank (Q.P.S.C.), including leading value-creation initiatives such as founding new businesses, investments in Fintech, and establishing partnership platforms, while heading the Retail Banking, SME Banking and Payments Systems businesses. He began his career in the U.S. with Clark Construction Group, and later joined McKinsey & Company, where he worked with various local and global financial institutions in the fields of strategy, marketing, growth, turnaround management, and M&A in Europe and Turkey. Mr. Aydın graduated from the Bosphorus University in Istanbul with a BS degree in Civil Engineering and received his MBA degree from the University of Michigan Graduate School of Business.
About Hepsiburada
Hepsiburada is a leading e-commerce technology platform in Turkey, combining a globally proven e-commerce business model with a one-stop "Super App" to cater to our customers' everyday needs and to help make people's daily lives better. Customers can access a broad range of products and services including same-day delivery of groceries and essentials, products from international merchants, airline tickets and payment services through our embedded digital wallet, Hepsipay. As at the end of March 2022, we had seamlessly connected 44.2 million members and 85 thousand Active Merchants.
Founded in Istanbul in 2000, Hepsiburada was built to lead the digitalization of commerce in Turkey. As a female-founded organization, we are committed to meaningful action to empower women. Through our "Technology Empowerment for Women Entrepreneurs" programme, we have reached over 32 thousand female entrepreneurs across Turkey to date.
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SOURCE Hepsiburada | https://www.wibw.com/prnewswire/2022/06/01/hepsiburada-appoints-new-executive-lead-its-financial-services/ | 2022-06-01T11:18:22Z |
Published: Aug. 31, 2022 at 4:15 PM EDT|Updated: 5 hours ago
DELAWARE, Ohio, Aug. 31, 2022 /PRNewswire/ -- Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, today announced third quarter 2022 results.
Third Quarter Financial Highlights include (all results compared to the third quarter of 2021 unless otherwise noted):
Net income of $141.8 million or $2.36 per diluted Class A share increased compared to net income of $113.0 million or $1.89 per diluted Class A share. Net income, excluding the impact of adjustments(1), of $141.7 million or $2.35 per diluted Class A share increased compared to net income, excluding the impact of adjustments, of $115.9 million or $1.93 per diluted Class A share.
Adjusted EBITDA(2) of $251.0 million, an increase of $13.2 million compared to Adjusted EBITDA of $237.8 million.
Net cash provided by operating activities increased by $114.4 million to $209.3 million. Record adjusted free cash flow(3) increased by $111.7 million to a source of $175.8 million.
Total debt decreased by $208.9 million to $2,058.7 million. Net debt(4) decreased by $236.6 million to $1,931.2 million. The Company's leverage ratio(5) decreased to 1.99x from 2.12x sequentially and from 2.80x in the prior year quarter.
Strategic Actions and Announcements
Held Investor Day 2022 in New York City on June 23, 2022. A key area of discussion was the new Build to Last strategy, which included capital allocation priorities and long-term growth expectations under this strategy.
Initiated $150.0 million share repurchase program.
CEO Commentary
"Our team delivered an outstanding third quarter financial result, remaining steadfast and execution-focused during a time of macroeconomic uncertainty," said Ole Rosgaard, President and Chief Executive Officer. "This commitment has led to a rock-solid balance sheet, record free cash flow generation, and EBITDA growth. Our team has done an outstanding job transforming our business, as evidenced by volume growth compared to pre-pandemic 2019 volume levels, despite sequential declines from higher volumes last year. In addition to financial success, our teams have continued to deliver Legendary Customer Service, and made notable progress to further foster Thriving Communities at Greif and Protect Our Future through industry-leading sustainability practice."
Build to Last Mission Progress
Building upon our Investor Day discussion, in addition to the quarterly releases which support our Build to Last mission of Ensuring Financial Strength, we will continue to update the investment community quarterly regarding key progress on our additional three Build to Last missions.
Customer satisfaction surveys are a key component of our mission to deliver Legendary Customer Service. Our long-term objective is a trailing twelve-month CSI(6) score of 95.0 or greater. Our consolidated CSI score was 94.3 at the end of the third quarter 2022. CSI for the Global Industrial Packaging segment was 94.1. CSI for the Paper Packaging & Services segment was 95.1.
Towards our mission of Creating Thriving Communities, during the third quarter, we have complemented our continuing efforts by signing the Columbus Commitment, a pledge to close the wage gap and achieve gender pay equity at Greif.
Lastly, as we continue to make steps to Protect Our Future, during the third quarter, we advanced our progress toward setting 2030 ESG targets, which will be announced during our fourth quarter 2022.
Note: A reconciliation of the differences between all non-GAAP financial measures used in this release with the most directly comparable GAAP financial measures is included in the financial schedules that are a part of this release. These non-GAAP financial measures are intended to supplement and should be read together with our financial results. They should not be considered an alternative or substitute for, and should not be considered superior to, our reported financial results. Accordingly, users of this financial information should not place undue reliance on these non-GAAP financial measures.
Segment Results (all results compared to the third quarter of 2021 unless otherwise noted)
Net sales are impacted mainly by the volume of primary products(7) sold, selling prices, product mix and the impact of changes in foreign currencies against the U.S. Dollar. The table below shows the percentage impact of each of these items on net sales for our primary products for the third quarter of 2022 as compared to the prior year quarter for the business segments with manufacturing operations.
Global Industrial Packaging
Net sales decreased by $1.1 million to $906.7 million primarily due to approximately $82.0 million of prior year net sales attributable to the Flexibles Products & Services business that was sold on April 1, 2022, negative foreign currency translation impacts of $69.7 million and lower volumes, offset by higher average selling prices.
Gross profit decreased by $21.7 million to $177.7 million. The decrease in gross profit was primarily due to the same factors that impacted net sales and higher raw material costs, partially offset by lower labor costs.
Operating profit decreased by $14.8 million to $107.2 million primarily due to the same factors that impacted gross profit, partially offset by lower SG&A expenses. Adjusted EBITDA decreased by $29.1 million to $117.1 million primarily due to the same factors that impacted operating profit.
Paper Packaging & Services
Net sales increased by $131.4 million to $710.2 million primarily due to higher published containerboard and boxboard prices, partially offset by lower volumes.
Gross profit increased by $49.3 million to $167.3 million. The increase in gross profit was primarily due to the same factors that impacted net sales, partially offset by higher raw material, transportation, labor and utility costs.
Operating profit increased by $49.2 million to $96.7 million primarily due to the same factors that impacted gross profit. Adjusted EBITDA increased by $41.9 million to $131.8 million primarily due to the same factors that impacted operating profit, partially offset by higher SG&A expenses.
Tax Summary
During the third quarter, we recorded an income tax rate of 21.6 percent and a tax rate excluding the impact of adjustments of 21.5 percent. Note that the application of FIN 18 frequently causes fluctuations in our quarterly effective tax rates. For fiscal 2022, we expect our tax rate to range between 27.0 and 31.0 percent and our tax rate excluding adjustments to range between 22.0 and 25.0 percent.
Dividend Summary
On August 30, 2022, the Board of Directors declared quarterly cash dividends of $0.50 per share of Class A Common Stock and $0.75 per share of Class B Common Stock. Dividends are payable on October 1, 2022, to stockholders of record at the close of business on September 16, 2022.
Company Outlook
Note: Fiscal 2022 Class A earnings per share guidance on a GAAP basis is not provided in this release due to the potential for one or more of the following, the timing and magnitude of which we are unable to reliably forecast: restructuring-related activities; integration related costs; non-cash pension settlement charges; non-cash asset impairment charges due to unanticipated changes in the business; gains or losses on the disposal of businesses or properties, plants and equipment, net and the income tax effects of these items and other income tax-related events. No reconciliation of the fiscal 2022 Class A earnings per share before adjustments guidance, a non-GAAP financial measure which excludes restructuring charges, integration costs, non-cash asset impairment charges, non-cash pension settlement charges, (gain) loss on the disposal of properties, plants, equipment and businesses, net, is included in this release because, due to the high variability and difficulty in making accurate forecasts and projections of some of the excluded information, together with some of the excluded information not being ascertainable or accessible, we are unable to quantify certain amounts that would be required to be included in the most directly comparable GAAP financial measure without unreasonable efforts. A reconciliation of 2022 adjusted free cash flow guidance to forecasted net cash provided by operating activities, the most directly comparable GAAP financial measure, is included in this release.
Conference Call
The Company will host a conference call to discuss third quarter 2022 results on September 1, 2022, at 8:30 a.m. Eastern Time (ET). Participants may access the call using the following online registration link: https://conferencingportals.com/event/BDwosPDa. Registrants will receive a confirmation email containing dial in details and a unique conference call code for entry. Phone lines will open at 8:00 a.m. ET on September 1, 2022. A digital replay of the conference call will be available two hours following the call on the Company's web site at http://investor.greif.com. To access the recording, guests can call (888) 330-2413 or (240) 789-2721 and use the conference ID 32605.
Investor Relations contact information
Matt Leahy, Vice President, Corporate Development & Investor Relations, 740-549-6158. Matthew.Leahy@Greif.com
About Greif
Greif is a global leader in industrial packaging products and services and is pursuing its vision: to be the best performing customer service company in the world. The Company produces steel, plastic and fibre drums, intermediate bulk containers, reconditioned containers, containerboard, uncoated recycled paperboard, coated recycled paperboard, tubes and cores and a diverse mix of specialty products. The Company also manufactures packaging accessories and provides filling, packaging and other services for a wide range of industries. In addition, Greif manages timber properties in the southeastern United States. The Company is strategically positioned in over 35 countries to serve global as well as regional customers. Additional information is on the Company's website at www.greif.com.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "may," "will," "expect," "intend," "estimate," "anticipate," "aspiration," "objective," "project," "believe," "continue," "on track" or "target" or the negative thereof and similar expressions, among others, identify forward-looking statements. All forward-looking statements are based on assumptions, expectations and other information currently available to management. Such forward-looking statements are subject to certain risks and uncertainties that could cause the Company's actual results to differ materially from those forecasted, projected or anticipated, whether expressed or implied. The most significant of these risks and uncertainties are described in Part I of the Company's Annual Report on Form 10-K for the fiscal year ended October 31, 2021. The Company undertakes no obligation to update or revise any forward-looking statements.
Although the Company believes that the expectations reflected in forward-looking statements have a reasonable basis, the Company can give no assurance that these expectations will prove to be correct. Forward-looking statements are subject to risks and uncertainties that could cause the Company's actual results to differ materially from those forecasted, projected or anticipated, whether expressed in or implied by the statements. Such risks and uncertainties that might cause a difference include, but are not limited to, the following: (i) historically, our business has been sensitive to changes in general economic or business conditions, (ii) our global operations subject us to political risks, instability and currency exchange that could adversely affect our results of operations, (iii) the COVID-19 pandemic could continue to impact any combination of our business, financial condition, results of operations and cash flows, (iv) the current and future challenging global economy and disruption and volatility of the financial and credit markets may adversely affect our business, (v) the continuing consolidation of our customer base and suppliers may intensify pricing pressure, (vi) we operate in highly competitive industries, (vii) our business is sensitive to changes in industry demands and customer preferences, (viii) raw material, price fluctuations, global supply chain disruptions and inflation may adversely impact our results of operations, (ix) energy and transportation price fluctuations and shortages may adversely impact our manufacturing operations and costs, (x) the frequency and volume of our timber and timberland sales will impact our financial performance, (xi) we may not successfully implement our business strategies, including achieving our growth objectives, (xii) we may encounter difficulties or liabilities arising from acquisitions or divestitures, (xiii) we may incur additional rationalization costs and there is no guarantee that our efforts to reduce costs will be successful, (xiv) several operations are conducted by joint ventures that we cannot operate solely for our benefit, (xv) certain of the agreements that govern our joint ventures provide our partners with put or call options, (xvi) our ability to attract, develop and retain talented and qualified employees, managers and executives is critical to our success, (xvii) our business may be adversely impacted by work stoppages and other labor relations matters, (xviii) we may be subject to losses that might not be covered in whole or in part by existing insurance reserves or insurance coverage and general insurance premium and deductible increases, (xix) our business depends on the uninterrupted operations of our facilities, systems and business functions, including our information technology and other business systems, (xx) a security breach of customer, employee, supplier or Company information and data privacy risks and costs of compliance with new regulations may have a material adverse effect on our business, financial condition, results of operations and cash flows, (xxi) we could be subject to changes to our tax rates, the adoption of new U.S. or foreign tax legislation or exposure to additional tax liabilities, (xxii) full realization of our deferred tax assets may be affected by a number of factors, (xxiii) we have a significant amount of goodwill and long-lived assets which, if impaired in the future, would adversely impact our results of operations, (xxiv) our pension and post-retirement plans are underfunded and will require future cash contributions and our required future cash contributions could be higher than we expect, each of which could have a material adverse effect on our financial condition and liquidity, (xxv) legislation/regulation related to environmental and health and safety matters and corporate social responsibility could negatively impact our operations and financial performance, (xxvi) product liability claims and other legal proceedings could adversely affect our operations and financial performance, (xxvii) we may incur fines or penalties, damage to our reputation or other adverse consequences if our employees, agents or business partners violate, or are alleged to have violated, anti-bribery, competition or other laws, (xxviii) changing climate, global climate change regulations and greenhouse gas effects may adversely affect our operations and financial performance, (xxix) we may be unable to achieve our greenhouse gas emission reduction targets by 2030.
The risks described above are not all-inclusive, and given these and other possible risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. For a detailed discussion of the most significant risks and uncertainties that could cause our actual results to differ materially from those forecasted, projected or anticipated, see "Risk Factors" in Part I, Item 1A of our most recently filed Form 10-K and our other filings with the Securities and Exchange Commission.
All forward-looking statements made in this news release are expressly qualified in their entirety by reference to such risk factors. Except to the limited extent required by applicable law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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/2022/08/31/greif-reports-third-quarter-2022-results/ | 2022-09-01T01:26:13Z |
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