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FLORENCE, Ariz. (AP) — An Arizona man convicted of killing a college student in 1978 was put to death Wednesday after a nearly eight-year hiatus in the state’s use of the death penalty brought on by an execution that critics say was botched — and the difficulty state officials faced in sourcing lethal injection drugs.
Clarence Dixon, 66, died by lethal injection at the state prison in Florence for his murder conviction in the killing of 21-year-old Arizona State University student Deana Bowdoin, making him the sixth person to be executed in the U.S. in 2022. Dixon’s death was announced late Wednesday morning by Frank Strada, a deputy director with Arizona Department of Corrections, Rehabilitation and Reentry.
Dixon’s death appeared to go smoothly, said Troy Hayden, an anchor for the Fox10 TV news program who witnessed the execution.
“Once the drugs started flowing, he went to sleep almost immediately,” Hayden said.
After the drugs were injected, Dixon’s mouth stayed open and his body did not move, Hayden and other witnesses said. The execution was declared completed about 10 minutes after he was injected.
Hayden said Dixon delivered his last words after the injection, saying: “Maybe I’ll see you on the other side, Deana. I don’t know you, and I don’t remember.”
In the final weeks of Dixon’s life, his lawyers tried to postpone the execution, but judges rejected the argument that he was not mentally fit to be executed and did not have a rational understanding of why the state wanted to execute him. The U.S. Supreme Court rejected a last-minute delay of Dixon’s execution less than an hour before the execution began.
Dixon earlier declined the option of being killed in Arizona’s gas chamber that was refurbished in 2020 — a method that hasn’t been used in the U.S. in more than two decades.
Shortly before he was executed with pentobarbital, Strada said Dixon declared: “The Arizona Supreme Court should follow the laws. They denied my appeals and petitions to change the outcome of this trial. I do and will always proclaim innocence. Now, let’s do this (expletive).”
And as prison medical staff put an IV line in Dixon’s thigh in preparation for the injection, he chided them, saying: “This is really funny — trying to be as thorough as possible while you are trying to kill me.”
Leslie James, Bowdoin’s older sister and a witness to the execution, told reporters after it was conducted that Deana Bowdoin had been poised to graduate from ASU and was planning a career in international marketing. James described her sister as a hard worker who loved to travel, spoke multiple languages and wrote poetry.
She characterized the execution as a relief but criticized how long it took to happen: “This process was way, way, way too long,” James said. He had been on death row since his 2008 conviction.
The last time Arizona executed a prisoner was in July 2014, when Joseph Wood was given 15 doses of a two-drug combination over two hours in an execution that his lawyers said was botched. Wood snorted repeatedly and gasped more than 600 times before he died.
States including Arizona have struggled to buy execution drugs in recent years after U.S. and European pharmaceutical companies began blocking the use of their products in lethal injections.
Authorities have said Bowdoin, who was found dead in her apartment in the Phoenix suburb of Tempe, had been raped, stabbed and strangled with a belt.
Dixon, who lived across the street from Bowdoin, had been charged with raping Bowdoin, but the rape charge was later dropped on statute-of-limitation grounds. He was convicted of murder in her killing.
In arguing that Dixon was mentally unfit, his lawyers said he erroneously believed he would be executed because police at Northern Arizona University in Flagstaff wrongfully arrested him in another case — a 1985 attack on a 21-year-old student. His attorneys conceded he was lawfully arrested by Flagstaff police.
Dixon was sentenced to life in prison in that case for sexual assault and other convictions. DNA samples taken while he was in prison later linked him to Bowdoin’s killing, which had been unsolved.
Prosecutors said there was nothing about Dixon’s beliefs that prevented him from understanding the reason for the execution and pointed to court filings that Dixon himself made over the years.
Defense lawyers said Dixon was repeatedly diagnosed with paranoid schizophrenia, regularly experienced hallucinations over the past 30 years and was found “not guilty by reason of insanity” in a 1977 assault case in which the verdict was delivered by then-Maricopa County Superior Court Judge Sandra Day O’Connor, nearly four years before her appointment to the U.S. Supreme Court. Bowdoin was killed two days after that verdict, according to court records.
Another Arizona death-row prisoner, Frank Atwood, is scheduled to be executed on June 8 in the killing of 8-year-old Vicki Lynne Hoskinson in 1984. Authorities have said Atwood kidnapped the girl.
The child’s remains was discovered in the desert northwest of Tucson nearly seven months after her disappearance. Experts could not determine the cause of death from the bones that were found, according to court records.
Arizona now has 112 prisoners left on the state’s death row.
___
Billeaud reported from Phoenix. Associated Press writer Bob Christie in Phoenix contributed to this report. | https://cw33.com/news/u-s-news/ap-u-s-headlines/arizona-plans-to-execute-1st-prisoner-in-nearly-8-years/ | 2022-05-11T21:23:51Z |
The global category leader and pioneer in digital coaching secures funding to accelerate the rise of digital coaching around the world.
NEW YORK, June 14, 2022 /PRNewswire/ -- CoachHub, the leading global digital coaching platform, closed a $200M Series C funding round, led by Sofina and SoftBank Vision Fund 2. The round will be used to further scale CoachHub's product innovation and operations while accelerating the company's global expansion. Following an $80M round only eight months ago, this Series C brings the three-year-old company's total funding to $330M. In addition to Sofina and SoftBank Vision Fund 2, existing investors including Molten Ventures, Speedinvest, HV Capital, Signals Venture Capital and Silicon Valley Bank/SVB Capital also participated in the round.
The significant growth investment round pays tribute to CoachHub's outstanding traction and global market position. This investment round comes at a time when the corporate learning industry is undergoing rapid transformation and the digital coaching segment is expected to grow by up to 100 times, resulting in most major organizations looking to implement digital coaching at scale by the end of the decade.
Yanni Pipilis, Managing Partner at SoftBank Investment Advisers said, "The Learning and Development sector is witnessing strong secular trends toward the digitization and personalization of services. CoachHub's digital platform aims to provide a tailored coaching experience to employees at all levels to help advance their careers. We are pleased to partner with the CoachHub team to support their mission of democratizing coaching."
A vast majority (77%) of learning and development professionals feel there is now a greater need to train and develop employees than before the COVID-19 pandemic, according to CoachHub's recent Global HR Survey. Coaching plays an important role in people development strategies and is now more accessible than ever with CoachHub's convenient, location-independent digital platform.
"As workplaces continue adapting to the new normal of hybrid and remote models, leaders need individual support and solutions to boost employee performance, engagement and motivation, while keeping wellbeing at the forefront," said Matti Niebelschuetz, Co-founder of CoachHub. "Digital coaching offers these benefits and more, resulting in spiking global demand for CoachHub's services."
Provided by CoachHub to employees at all career levels — not just senior-level executives — coaching enhances leadership skills, improves job performance and ultimately builds a more resilient, more productive workforce. Through web- and mobile-based applications, the revolutionary end-to-end digital coaching platform matches learners to a pool of more than 3,500 certified business coaches that speak more than 60 languages and reside in 90 countries, across all time zones. The app couples human intelligence with artificial intelligence technology to pair employees with their ideal coaches and curate a library of content that enhances their learning journey.
Since its inception three years ago, CoachHub has grown rapidly to become the global category leader. This latest round of funding will fuel further expansion, with particular emphasis on the United States. The company plans to increase its headcount from 850 worldwide employees to more than 1,000 by the end of the year. The company serves most leading global economies and works with large multinational enterprises like Coca-Cola, Danone, Toyota, LVMH, L'Oréal, Credit Suisse and Twitter.
CoachHub is supported by more than 150 product engineers and a world-class, in-house Coaching Lab that employs a team of 30 leading behavioral scientists and is headed by Prof. Dr. Jonathan Passmore, the renowned professional psychologist and coaching researcher. The CoachHub Science Council is an international team of behavioral science experts and educators who help drive R&D for the company by converting scientific evidence into a science-based digital coaching offer. The company also maintains strategic partnerships with renowned organizations like EMCC Global.
"We believe 1:1 coaching will continue to be one of the most effective ways of enhancing the socio-emotional and leadership skills needed to thrive in an increasingly complex and rapidly evolving workplace. As a company that seeks to democratize access to quality coaching, CoachHub's mission resonates with our Responsible Investment strategy. We look forward to partnering with them to further their global ambitions." said Harold Boël, CEO, Sofina.
This funding round comes on the heels of CoachHub's expansion into the Asian market as well as the acquisition of leading French coaching platform MoovOne and leading Austrian provider Klaiton Coaching, strengthening CoachHub's global category leadership.
CoachHub is the leading global talent development platform that enables organizations to create personalized, measurable and scalable coaching programs for the entire workforce, regardless of department and seniority level. By doing so, organizations are able to reap a multitude of benefits, including increased employee engagement, higher levels of productivity, improved job performance and increased retention. CoachHub's global pool of coaches comprises over 3,500 certified business coaches in 90 countries across six continents with coaching sessions available in over 60 languages, to serve more than 500 clients. Our programs are based on advanced R&D from our Coaching Lab, led by Prof. Jonathan Passmore and our Scientific Board. CoachHub is backed by leading tech investors, including Sofina, SoftBank Vision Fund 2, Molten Ventures, Speedinvest, HV Capital, Partech and Silicon Valley Bank/SVB Capital. In September 2021, CoachHub acquired French digital coaching pioneer MoovOne and in February 2022 the coaching division of Klaiton in Austria, to build a global champion focused on democratizing coaching.
Sofina is a family controlled and run investment company listed on Euronext Brussels, managing its own assets of circa €11 billion. Sofina aspires to be the preferred partner of entrepreneurs and families who lead growing companies by backing them with patient capital and supportive advice. Common vision and strong alignment of interests with its partners are paramount in the deployment of its sustainable strategy. For more information, visit www.sofinagroup.com.
CONTACT: Alyssa Rinehart, alyssa@blastmedia.com
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SOURCE CoachHub | https://www.kxii.com/prnewswire/2022/06/14/coachhub-raises-200m-series-c-led-by-sofina-softbank-vision-fund-2-democratize-coaching-worldwide/ | 2022-06-14T08:12:13Z |
Climate to conflict, Davos’ post-COVID return has full plate
By JAMEY KEATEN and MASHA MACPHERSON
Associated Press
DAVOS, Switzerland (AP) — Davos — the hub of an elite annual gathering in the Swiss Alps — is back, more than two years after the coronavirus pandemic kept its business gurus, political leaders and high-minded activists away. There’s no shortage of urgent issues for the World Economic Forum’s annual meeting to tackle.
With their lofty ambition to help improve the state of the world, forum organizers have their work cut out for them: there are soaring food and fuel prices, Russia’s war in Ukraine, climate change, drought and food shortages in Africa, yawning inequality between rich and poor, and autocratic regimes gaining ground in some places — on top of signs that the pandemic is far from over.
It’s hard to predict if the high-minded discussions will yield substantial announcements that make headway on the world’s most pressing challenges.
The war in Ukraine will be a key theme. President Volodymyr Zelenskyy will speak on opening day Monday by video from Kyiv, while the country’s foreign minister and a sizable delegation of other top Ukrainian officials will be on hand. They’ll be joined this week by leaders like German Chancellor Olaf Scholz, U.S. climate envoy John Kerry, NATO Secretary-General Jens Stoltenberg and European Commission President Ursula von der Leyen.
“There’s no business as usual,” forum President Borge Brende told The Associated Press, saying Ukraine is not the only worry. “It is also climate change. It is also that the global growth is slowing, and we have to avoid that this very weak recovery ends with a new recession because we have very limited ammunition to fight a new recession.”
“A new recession will lead to increased unemployment, increased poverty,” he added. “So much is at stake.”
President Vladimir Putin’s war means Russian business and political leaders haven’t been invited to Davos this year. There will be no traditional “Russia House” social festivities with caviar and vodka spreads for the elite attendees of its evening fun.
Instead, critics — notably including Ukrainian tycoon Victor Pinchuk and the country’s Foreign Ministry — have seized on some symbolism and vowed to voice their disgust, which is shared by many around the world.
“This year, Russia is not present at Davos, but its crimes will not go unnoticed. The ‘Russia War Crimes House’ takes place inside the former Russia House,” organizers of the rechristened venue said in a press release.
Opening Monday, the venue will feature photos of crimes and cruelties that Russian forces are accused of perpetuating. Some victims will speak out — including Anatoliy Fedoruk, the mayor of Bucha, a town near Kyiv where images of killings of civilians drew outrage worldwide.
“It’s important to understand what is really happening in Ukraine,” said Bjorn Geldhof, artistic director of PinchukArtCentre, which is helping organize the exhibit. “Part of this exhibition is also to bring back a human face to those people who have become victim of these Russian war crimes.”
Brende, the forum president, says scores of CEOs and other business leaders will be looking into ways the private sector can support Ukraine, “in the situation where Russia is breaking international law, international humanitarian law, and not sticking to the U.N. Charter.”
Not everyone believe Davos is the place where solutions can be found.
A few dozen anti-capitalist demonstrators marching behind a “Smash WEF” banner clashed Friday with police in Zurich, Switzerland’s largest city, a sign of simmering antagonism against economic elites whom they accuse of putting profits over people. Police used rubber bullets and pepper spray to disperse the crowd in what was deemed an unauthorized gathering.
While Ukraine will capture attention on the meeting’s first day, climate and environmental issues will be a recurring, constant theme as the forum looks to future challenges as much as the current ones.
One-third of the roughly 270 panel discussions through Thursday’s finale will focus on climate change or its effects, with extreme weather, efforts to reach “net zero” emissions and finding new, cleaner sources of energy on the agenda.
Forum managers — who have faced criticism about hosting wealthy executives who sometimes fly in on emissions-spewing corporate jets — have increasingly tried to play their part and inoculate themselves against accusations of hypocrisy: Over the last five years, they say they have offset 100% of the carbon emissions from the organization’s activities by supporting environmental projects.
Experts say offsets can be problematic because there’s no guarantee they’ll deliver on reducing emissions. | https://localnews8.com/news/2022/05/22/climate-to-conflict-davos-post-covid-return-has-full-plate/ | 2022-05-22T18:13:59Z |
3-year-old receives ‘birthday wish’ for a new heart, undergoes 14-hour surgery
CINCINNATI (WLWT) - A young Cincinnati Bengals superfan got a fantastic present in time for his fourth birthday - a new heart.
Sammy Jones, also known as “Superman Sammy,” recently underwent a 14-hour surgery at Cincinnati Children’s Hospital Medical Center.
“That’s what he asked for his birthday. We asked him back in March what he wanted for his birthday, and he said a new heart,” Sammy’s mother, Kortney Sink, said.
Sammy was born with hypoplastic left heart syndrome, causing the left side of his heart not to work.
“He had his first surgery at a day old, his second surgery at three months old, and then his third surgery at three years old,” Sink said.
Sammy’s parents thought he’d be good after his third surgery. He even started playing soccer, but his heart began to fail last fall.
After months spent in the hospital waiting, Sammy’s birthday wish came early.
“Couldn’t believe it. It’s been six months of waiting,” Sammy’s father, Garland Jones, said.
Sammy’s medical journey has been shared on social media, and several Cincinnati residents have bonded with him through his love of the Bengals.
“Thank you to the Bengals for an awesome season because it gave my son something to look forward to,” Garland Jones said.
Now, “Superman Sammy” has something else to look forward to – a new healthy heart.
“We hope he can do all he wants to do. He wants to play football and basketball. He wants to do all that stuff. And I’m just hoping and praying, he’s able to do all that stuff that he loves to do,” Sink said.
Sammy’s parents said they would have to stay within 40 miles of the hospital for three to six months, and since they live 70 miles away, they’ll be staying at a Ronald McDonald House.
Copyright 2022 WLWT via CNN Newsource. All rights reserved. | https://www.kxii.com/2022/04/06/3-year-old-receives-birthday-wish-new-heart-undergoes-14-hour-surgery/ | 2022-04-08T18:49:18Z |
NEW YORK and SYDNEY, June 22, 2022 /PRNewswire/ -- Boral Finance Pty Ltd (the "Company"), a wholly-owned subsidiary of Boral Limited (ASX: BLD) ("Boral"), has today commenced a tender offer (the "Tender Offer") to purchase for cash up to US$300,000,000 aggregate principal amount (the "Maximum Tender Amount") of its outstanding 3.750% Guaranteed Senior Notes due 2028 (the "Notes").
The Tender Offer is being made pursuant to an Offer to Purchase, dated June 22, 2022 (as may be amended or supplemented, the "Offer to Purchase"), which sets forth a more detailed description of the Tender Offer. Holders of the Notes are urged to read carefully the Offer to Purchase before making any decision with respect to the Tender Offer.
Up to US$300,000,000 aggregate principal amount of the outstanding Notes listed below:
____________________________
Tender offer details
Subject to the Maximum Tender Amount, proration (if applicable) and the satisfaction or waiver of the conditions to the Tender Offer, the Company will accept for purchase on the Early Settlement Date or the Final Settlement Date (each as defined below), as applicable, Notes validly tendered in the Tender Offer.
The Tender Offer will expire at 11:59 p.m., New York City time, on July 20, 2022, or any other date and time to which the Company extends the Tender Offer (such date and time, as it may be extended, the "Expiration Time"), unless earlier terminated.
To be eligible to receive the Early Tender Consideration (as defined below), which includes an early tender premium of US$30 per US$1,000 principal amount of Notes (the "Early Tender Premium"), holders of Notes must validly tender their Notes at or prior to 5:00 p.m., New York City time, on July 6, 2022, unless extended or the Tender Offer is earlier terminated by the Company (such date and time, as it may be extended, the "Early Tender Time").
Holders of Notes that validly tender their Notes after the Early Tender Time but at or prior to the Expiration Time, will only be eligible to receive the Late Tender Consideration (as defined below).
Priority of acceptance and proration
Notes validly tendered at or prior to the Early Tender Time will be accepted for purchase in priority to other Notes validly tendered after the Early Tender Time. Accordingly, if the Maximum Tender Amount is reached as a result of tenders of Notes made at or prior to the Early Tender Time, Notes tendered after the Early Tender Time will not be accepted for purchase (unless the Maximum Tender Amount is increased by the Company, in its sole discretion, subject to applicable law). If the aggregate principal amount of Notes validly tendered exceeds the Maximum Tender Amount on the applicable settlement date, the amount of Notes purchased in the Tender Offer will be prorated as set forth in the Offer to Purchase.
Consideration and accrued interest
The consideration (the "Early Tender Consideration") offered per US$1,000 principal amount of Notes validly tendered at or prior to the Early Tender Time, and accepted for purchase pursuant to the Tender Offer, will be determined in the manner described in the Offer to Purchase by reference to the fixed spread for the Notes specified in the table above, plus the yield to maturity based on the bid-side price of the U.S. Treasury Reference Security specified in the table above, calculated as of 10:00 a.m., New York City time, on July 7, 2022 (the "Price Determination Time"), unless extended or the Tender Offer is earlier terminated by the Company.
Holders should take note that, if the Early Tender Consideration determined as described Offer to Purchase is greater than US$1,000 per US$1,000 principal amount of Notes, then the Early Tender Consideration will be calculated based on an assumed maturity date of February 1, 2028, the par call date for the Notes, and not May 1, 2028, the stated maturity date for the Notes.
The Early Tender Time is the last date and time for holders to tender their Notes in order to be eligible to receive the Early Tender Consideration. Holders of any Notes that are validly tendered after the Early Tender Time but at or prior to the Expiration Time, and that are accepted for purchase, will receive an amount equal to the Early Tender Consideration minus the Early Tender Premium (the "Late Tender Consideration").
In addition to the Early Tender Consideration or the Late Tender Consideration, as applicable, holders whose Notes are purchased in the Tender Offer will receive accrued and unpaid interest from the last interest payment date up to, but not including, the applicable settlement date.
Settlement
Except as set forth in the paragraph below, payment for the Notes that are validly tendered at or prior to the Expiration Time, and that are accepted for purchase, will be made on the date referred to as the "Final Settlement Date." The Company anticipates that the Final Settlement Date will be July 22, the second business day after the Expiration Time, subject to all conditions to the Tender Offer having been satisfied or waived by the Company.
The Company reserves the right, in its sole discretion, to pay for Notes that are validly tendered at or prior to the Early Tender Time, and that are accepted for purchase, on a date following the Early Tender Time and prior to the Expiration Time (the "Early Settlement Date"). The Company anticipates that the Early Settlement Date will be July 11, 2022, the third business day after the Early Tender Time, subject to all conditions to the Tender Offer having been satisfied or waived by the Company.
Withdrawal conditions
Notes tendered pursuant to the Tender Offer may be withdrawn at any time prior to 5:00 p.m., New York City time, on July 6, 2022, unless extended or the Tender Offer is earlier terminated by the Company (such date and time, as it may be extended, the "Withdrawal Deadline"), but not thereafter.
After the Withdrawal Deadline, holders may not withdraw their tendered Notes unless the Company amends the Tender Offer in a manner that is materially adverse to the tendering holders, in which case withdrawal rights may be extended to the extent required by law, or as the Company otherwise determines is appropriate to allow tendering holders a reasonable opportunity to respond to such amendment. Additionally, the Company, in its sole discretion, may extend the Withdrawal Deadline for any purpose. Notes withdrawn prior to the Withdrawal Deadline may be tendered again at or prior to the Expiration Time, in accordance with the procedures set forth in the Offer to Purchase.
If a holder holds their Notes through a custodian bank, broker, dealer or other nominee, such nominee may have an earlier deadline or deadlines for receiving instructions to participate or withdraw tendered Notes in the Tender Offer.
The Company's obligation to accept for payment and to pay for the Notes validly tendered in the Tender Offer is subject to the satisfaction or waiver of a number of conditions described in the Offer to Purchase. The Tender Offer may be terminated or withdrawn, subject to applicable law. The Company reserves the right, subject to applicable law, to (i) waive any and all conditions to the Tender Offer, (ii) extend or terminate the Tender Offer, (iii) increase or decrease the Maximum Tender Amount, or (iv) otherwise amend the Tender Offer in any respect.
Dealer Manager and Depositary and Information Agent
The Company has appointed Citigroup Global Markets Inc. as dealer manager (the "Dealer Manager") for the Tender Offer. The Company has retained Global Bondholder Services Corporation as the depositary and information agent for the Tender Offer. For additional information regarding the terms of the Tender Offer, please contact: Citigroup Global Markets Inc. at (800) 558-3745 (toll-free) or 001-212-723-6106 (international). Requests for documents and questions regarding the tendering of securities may be directed to Global Bondholder Services Corporation by telephone at (212) 430-3774 (for banks and brokers only), (855) 654‑2015 (toll-free) or 001‑212‑430-3774 (international), by email at contact@gbsc-usa.com or at www.gbsc-usa.com/boral/ or to the Dealer Manager at its telephone numbers.
This press release shall not constitute, or form part of, an offer to sell, a solicitation to buy or an offer to purchase or sell any securities. The Tender Offer is being made only pursuant to the Offer to Purchase and only in such jurisdictions as is permitted under applicable law.
Neither the Offer to Purchase nor any disclosure document (as defined in the Australian Corporations Act 2001) in relation to the Notes has been lodged with the Australian Securities and Investments Commission, and in Australia, the Tender Offer is only available to persons to whom an offer or invitation can be made without disclosure under Parts 6D.2 or 7.9 of the Australian Corporations Act.
From time to time after completion of the Tender Offer, the Company or its affiliates may purchase additional Notes in the open market, in privately negotiated transactions, through tender or exchange offers or other methods, or the Company may redeem Notes pursuant to their terms. Any future purchases may be on the same terms or on terms that are more or less favorable to holders of the Notes than the terms of the Tender Offer.
Forward-Looking Statements
This announcement contains forward-looking statements. Forward-looking statements are information of a non‑historical nature or which relate to future events and are subject to risks and uncertainties. No assurance can be given that the transactions described herein will be consummated or as to the ultimate terms of any such transactions. The Company and Boral undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or future events or for any other reason, except as required by applicable law.
About Boral
Founded in 1946, Boral is the largest integrated construction materials business in Australia with operations in all states and territories. It produces and supplies concrete, quarry products, asphalt and cement, to build infrastructure, residential and commercial buildings. As at June 30, 2021, Boral's continuing operations spanned 367 operating sites in Australia and employed approximately 9,700 full-time equivalent employees and contractors.
Boral Limited ABN 13 008 421 761 - PO Box 6041, North Ryde NSW 2113 - www.boral.com
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SOURCE Boral Finance Pty Ltd | https://www.wibw.com/prnewswire/2022/06/22/boral-announces-cash-tender-offer-certain-outstanding-senior-notes/ | 2022-06-22T14:15:48Z |
SAN FRANCISCO, April 12, 2022 /PRNewswire/ -- Deep Labs Inc., a leader in artificial intelligence and the creator of patented persona-based, context-aware decisioning and risk systems, today announced that it has hired Tina Figueroa as Chief People Officer. Figueroa will oversee the People Function for the company, including strategy, operations, talent acquisition, learning and development, and diversity.
Figueroa has more than 15 years of experience in providing executive leadership in Human Resources leading global teams, and building, scaling, and driving functional maturation in technology start-ups through mid-sized companies across a number of sectors, including financial services, and data analytics, and gaming industries.
Most recently, Figueroa was Executive Vice President (EVP) & Chief People Officer at Appriss Inc., a global SaaS, data, and analytics company. Figueroa oversaw the expansion of the company's People functions, built the company's strong employer brand proposition, and developed programs that gave life to the "One Appriss" culture. Figueroa successfully onboarded and integrated more than 500 new employees as Appriss completed four acquisitions valued at USD$697M and the USD$1.85B divestiture of Appriss Insights to Equifax, while supporting existing organic growth in the Appriss Retail and Bamboo Health businesses.
Prior to that position, Figueroa was EVP & Chief People Officer at Kyriba, a large fintech software company, where she significantly enhanced the human resource department's functions by implementing innovative scalable people processes. Her "Pay for Performance" cultural transformation strategy resulted in adopting a successful competency-driven talent management process, OKRs, KPIs, and rigorous metrics and analytics reporting.
Earlier in her career, Figueroa also held management positions at AdColony, Cornerstone OnDemand, and Deloitte Consulting.
"We are thrilled to have Tina join our executive team, and bring her tremendous people skillset to Deep Labs," said Scott Edington, CEO, Deep Labs. "As we continue to grow, it is vital that we recruit the highest quality talent to help us achieve our growth objectives. Tina is uniquely qualified to lead that effort, and I have no doubt she will have a deeply positive impact on Deep Labs."
Figueroa holds a Bachelor of Arts from the University of Southern California, has a master's degree in Organizational Leadership from Chapman University, and holds a Global Professional in Human Resources certification from Thunderbird International University.
About Deep Labs Inc.
Founded in 2016 by a team of experienced payments and signals intelligence experts, Deep Labs is powered by its patented platform that leverages persona-based profiles to address a range of risk, fraud, and user engagement cases across the entire banking and financial technology ecosystem to solve complex problems and continuously assess risk in real-time. The result is reduced fraud and identity theft, optimized customer experience, and better business decisions leading to revenue growth, reduced cost, and more intelligent predictive decisions for end customers. Deep Labs was named Company of the Year in 2019 in the Golden Bridge Awards® Artificial Intelligence Category.
Media Contact:
Neal Stein
Technology PR Solutions
Phone: (321) 473-7407
nealjstein@techprsolutions.com
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SOURCE Deep Labs | https://www.kxii.com/prnewswire/2022/04/12/deep-labs-names-tina-figueroa-chief-people-officer/ | 2022-04-12T19:41:03Z |
ATLANTA -- A federal workplace investigation has determined that two companies failed to follow required safety standards that could have prevented a bridge collapse in Covington last October that killed one worker and seriously injured another.
U.S. Occupational Safety and Health Administration investigators cited B&D Concrete Cutting of Atlanta and Georgia Bridge and Concrete of Tucker -- the project's prime contractor -- after an overstressed section of an access road bridge over the Yellow River leading to Interstate 20 that was being dismantled collapsed and fell into the river.
During the collapse, a concrete saw weighing more than 1,700 pounds struck and killed a worker employed by B&D Concrete Cutting. A second B&D worker was injured and had to be hospitalized.
The OSHA investigation concluded the companies failed to ensure a competent inspector had performed an engineering survey of the bridge before allowing workers to begin the dismantling.
In addition, company personnel did not ensure procedures were in place to prevent structures from being overstressed during dismantling operations. This failure exposed workers to falling hazards.
“If the employers had conducted a proper survey on this highly technical project as required, the tragic loss of one worker and serious injuries to another may not have happened,” said Joshua Turner, OSHA's area office director for Atlanta-East. “Established safety standards exist to ensure workers get home safely and don’t leave families, friends and communities to grieve a preventable fatality.”
OSHA also cited Georgia Bridge and Concrete for failing to keep a fire extinguisher within 75 feet of two equipment refueling stations. The agency proposed penalties of $31,283 for Georgia Bridge and Concrete and $25,669 for B&D Concrete Cutting.
The companies have 15 business days from receipt of the citations and penalties to comply, request an informal conference with OSHA, or contest the findings.
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SAN DIEGO, Aug. 11, 2022 /PRNewswire/ -- MG Properties Group, a private San Diego-based real estate investor and operator, is further expanding its Sacramento presence, today with the acquisition of Eleanor and H16 Midtown Apartments. The two newly combined communities are located along the 16th street corridor in the Midtown submarket of Sacramento.
Each community has an attractive contemporary design where residents benefit from a robust set of common area amenities, and can easily access a variety of walkable dining and entertainment options surrounding the properties.
"We are pleased to welcome these two additions to our portfolio of communities," announced Jeff Gleiberman, President of MG Properties. "Both Eleanor and H16 allow us to further scale our regional portfolio while investing in a submarket that we believe has substantial growth potential."
The sellers, The Grupe Company, SKK Developments, and Guardian Capital, were represented by Marc Ross and Hasina Ahmadi of CBRE. Financing for the transaction was led by CBRE Capital Markets' Andrew Behrens, Jesse Weber, and Stephen Baird.
To learn more visit: https://www.eleanorh16.com/
MG Properties is a privately owned, fully integrated real estate company specializing in the investment, redevelopment, and management of multi-family assets. Headquartered in San Diego, California, MG was founded in 1992 by Mark Gleiberman with the mission to enrich communities. MG's current portfolio is comprised of over 28,000 rental homes in California, Washington, Arizona, Nevada, Colorado, and Oregon, including 88 communities. For additional information, visit www.mgproperties.com.
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SOURCE MG Properties | https://www.kxii.com/prnewswire/2022/08/11/mg-properties-acquires-two-sacramento-communities-multifamily-deal/ | 2022-08-12T00:23:18Z |
SEOUL, South Korea (AP) — President Joe Biden hopes to use his visit to Asia to confirm his belief that long-standing friendships can afford to become even friendlier — and pay dividends. He opened the trip in South Korea on Friday and will end in Japan next week at a time when world events are resetting the foundations of the global order.
The coronavirus pandemic disrupted supply chains and exposed the fragilities of a trade system focused primarily on low prices for consumers and high profits for corporations. Then Russia’s invasion of Ukraine ushered in a return to Cold War-era intrigues.
The U.S. and other wealthy democracies — including Japan and South Korea — banded together to help Ukraine and punish Russia, but not all countries were ready to side with the alliance. China, India and others have aimed to stay cordial with Russia without crossing the sanctions.
The uncertainty leaves Biden determined to show that America’s ultimate power rests with its ability to make friends and influence people rather than the raw capacity of its military and economy. A look at some of the key issues and themes on the table for Biden’s visit:
EASING TENSIONS WITH NEW LEADERS
Relations between Japan and South Korea have been at their worst in decades because of disputes over wartime history and trade. These are rifts that the countries’ two new leaders appear willing to heal, with Biden as a possible interlocutor who could help bring them closer together.
South Korea’s Yoon Suk Yeol assumed the presidency a week ago on the expectation of better ties with Japan. Japanese Prime Minister Fumio Kishida, who took office in October, told Yoon after his March election that “sound relations” are crucial for regional and international peace and stability.
As Kishida sees it, the rules-based order is threatened by Russia’s invasion of Ukraine. Japan fears the war could embolden China to seize territories in the Pacific, a big reason why better relations with South Korea are desired. Still, Kishida skipped Yoon’s May 10 inauguration, sending his foreign minister instead. Because the U.S. has relations with both countries, one likely bridge toward improving ties is focusing on their shared interests.
NORTH KOREAN PRESSURE COOKER
Biden’s visit comes as the allies face a growing threat from North Korea’s nuclear weapons and missile program. The country’s authoritarian leader Kim Jong Un is trying to force the United States to accept the idea of the North as a nuclear power and he’s out to negotiate security and economic concessions from a position of strength.
Kim has conducted 16 rounds of missile tests so far this year, including the country’s first flight of an intercontinental ballistic missile in nearly five years in March. He’s attempting to exploit a favorable environment to push forward his weapons program as the U.N. Security Council remains divided over Russia’s war on Ukraine.
The challenges posed by a decaying economy and an escalating COVID-19 outbreak across an unvaccinated population of 26 million are unlikely to slow his pressure campaign. White House national security adviser Jake Sullivan says U.S. intelligence shows there’s a “genuine possibility” that North Korea will conduct another ballistic missile test or nuclear test around Biden’s visit.
Nuclear negotiations between Washington and Pyongyang have stalled for more than three years over disagreements about relaxing crippling U.S.-led sanctions in exchange for disarmament steps by the North.
STORMS AT HOME
Even half a world away from home, Biden can’t escape the turbulence rippling through the U.S.
The stock market is tanking over fears about the economy. The baby formula shortage is frustrating families, even amid efforts to bring in imports and boost domestic supplies. The pain of the Buffalo, New York, mass shooting and the racist motives underlying the attack are still fresh. Add to that rising gasoline prices and the persistent challenge of inflation at a nearly 40-year high.
The president may want to train the public’s attention on his efforts abroad, but he’ll likely face tough questions about what’s happening at home.
A poll Friday from The Associated Press-NORC Center for Public Affairs Research finds approval of Biden at just 39%, the lowest point of his presidency, and deepening pessimism about the U.S. economy and direction of the United States — especially among Democrats.
About 2 in 10 U.S. adults say the United States is headed in the right direction or describe the economy good, down from about 3 in 10 in April. Among Democrats, just 33% say the country is on the right track, down from 49% last month.
THE QUAD
The Quad partnership, meeting Tuesday in Tokyo, is composed of the U.S., Australia, India and Japan with the expressed goal of a “free and open” Indo-Pacific region. A joint statement after their 2021 meeting didn’t mention China, yet many of the stances adopted by the Quad are interpreted as a check on China’s ambitions to be the dominant power in Asia.
This time, the drama might be more internal and reflect the complex nature of democracy itself. That’s because Australia is holding elections Saturday. If the incumbent party wins, Prime Minister Scott Morrison would already be set to attend Tuesday’s meeting in Tokyo. If his party loses, Morrison would have to quickly resign so that opposition leader Anthony Albanese could be sworn in before the Tokyo meeting. Then there’s the possibility that neither party captures a majority or the results are uncertain. If that happens, Albanese might be able to attend as an observer.
THE CHINA CONUNDRUM
China is carefully watching Biden’s visit. The U.S. and its allies rely on China as a trade partner, yet rivalry persists as the shared economic interests have often revealed conflicting values systems. U.S. officials increasingly frame the relationship with China as one of competition.
Shortly before Russia invaded Ukraine in February, Chinese President Xi Jinping and Russian President Vladimir Putin met at the Beijing Winter Olympics and told the world that theirs is a friendship of “no limits.” Since the invasion, China has been critical of the sanctions imposed on Russia while appearing hesitant to cross the bans imposed by the U.S. and its allies.
Chinese Foreign Ministry spokesperson Zhao Lijian alluded to China as “a third party” who should not be disadvantaged by agreements between the U.S. and Japan.
“The development of bilateral relations between the U.S. and Japan should not target a third party or harm the interests of third parties,” Zhao said at a Thursday briefing.
A NEW ACRONYM: IPEF
Former U.S. President Donald Trump torched years of trade negotiations by pulling the U.S. out of the Trans-Pacific Partnership in 2017. While Biden has portrayed himself as the anti-Trump, he’s shown no enthusiasm for returning to the deal as written.
This leaves the U.S. coming to Asia to promote an alternative trade pact: the Indo-Pacific Economic Framework. Or, IPEF.
The framework is about regional cooperation on trade, technology, supply chains, clean energy, worker standards, taxes and anti-corruption programs. None of that is necessarily controversial. But a possible hurdle is the administration signaling that the framework won’t involve the usual financial sweeteners of lower tariffs and easier access to American customers, a possible nod to a U.S. voter backlash against past trade deals.
Quad members Australia, India and Japan are likely members of the framework. South Korea and some Southeast Asian countries are also seen candidates. But the framework is still in its early stages.
Chinese Foreign Ministry spokesperson Wang Wenbin said Friday that any regional cooperation framework should feature “peace and development, enhance mutual trust and cooperation between regional countries, should not target any third parties or undermine their interests, and should not be selective or exclusive.”
MORE CHIPS, PLEASE
It’s the engine of the digital age: Almost everything needs a computer chip. But the world simply lacks a reliable supply in the wake of the pandemic. U.S. government officials expect the shortages to ease toward the end of this year, but it might not be until 2023 that enough semiconductors are on the market to meet industry needs.
No one denies the need for more cooperation, but there’s an open debate about how to increase production to withstand disease, war, extreme weather and other calamities. Biden wants to see more chips made in the U.S. South Korea and Taiwan want to increase the resiliency of their own production as a fix to this crisis, according to a briefing by the Center for Strategic and International Studies. And Japan’s prime minister is making chips a cornerstone of his “new capitalism” policy, looking to make chips for robotic technology, artificial intelligence and quantum computing.
___
Madhani reported from Washington. Yamaguchi reported from Tokyo. AP writer Kim Tong-hyung contributed to this report from Seoul. | https://cw33.com/news/politics/ap-politics/biden-in-asia-new-friends-old-tensions-storms-at-home/ | 2022-05-21T02:31:43Z |
Andrew H. Jackson
Andrew H. Jackson, age 66, of Temple passed from this life during the early morning hours of Friday, August 19, 2022, at his home. He was born in Stuttgart, Germany on the 21st day of September 1955 to parents Andrew C. and Inge (Bleckmann) Jackson.
Andrew spent his early childhood in Germany where his father was stationed. Being the child of an Army Command Sergeant Major, the family moved quite a bit during Andrew’s childhood. He attended schools in Washington state, Virginia and Killeen, Texas where he graduated high school in 1973. After graduation Andrew would again live in Germany for some time before coming back to Bell County where he would remain. He earned a Bachelor of Criminal Justice from the American Technological University in Killeen in 1978. In 1979 Andrew started his career with the Temple Police Department. He worked for the police department for 25 years until he retired in 2004. After retirement he worked for several area car dealerships and then for NAPA Auto Parts. He was a member of the Fraternal Order of Police as well as the Temple Police Department Honor Guard. In 1983 he married the love of his life, Lara Strehler, which together they would walk hand in hand together through life building a home and family which includes one son, Kalan.
Andrew loved cars and Harley Davidson motorcycles. He enjoyed his restored 1965 Ford Mustang (he had restored for Kalan), and his Harley motorcycle very much. Andrew was a people’s person; he could talk to and carry on a conversation with just about anyone. One of his greatest loves, besides his friends and family, was his love for Krispy Kreme donuts. It was not unlike Andrew to load up and drive to Austin to the nearest Krispy Kreme to get one of his favorite snacks. Andrew is deeply loved and will be deeply missed by all that knew and loved him.
He is preceded in death by his parents Andrew C. and Inge.
Andrew leaves behind to cherish his memory his beloved wife of 39 years Lara Jackson of Temple, son Kalan Andrew Jackson of WI, sister Barbara Ann Upp and husband Raymond of CO, sister Margaret Daniel and husband Bill of Killeen, Aunt Norma Peelman of OK, mother-in-law Melva Lou Strehler, Sister-in-law Leslie and Gerald Smart of Bethesda, MD, Brothers-in-law Robert and Lynda Strehler of Pflugerville, Tx, and Randall and Elizabeth Strehler of Troy, Tx as well as many nieces, nephews, and friends.
A funeral service will be held at Hewett-Arney Funeral Home on Thursday, August 25, 2022, at 2 p.m. with a burial to follow at Bellwood Cemetery in Temple. There will be no viewing or visitation for Andrew. Donations can be made to the American Heart Association, or a charity of your choice.
Hewett-Arney Funeral Home of Temple is entrusted with the arrangements.
Paid Obituary | https://www.tdtnews.com/obituaries/article_c8666c80-231d-11ed-a602-1b1f05e35248.html | 2022-08-24T11:39:55Z |
Internationally recognized physician to lead clinical innovation strategy
NEWARK, Del., June 17, 2022 /PRNewswire/ -- Ace Vision Group, Inc, (AVG) an emerging ophthalmic device company focused on bringing innovative touchless lasers to patients suffering from age related vision loss, announced today that Elizabeth Yeu, M.D., partner at Virginia Eye Consultants, has been appointed to the role of chief strategic advisor. In her new position, Yeu will manage AVG's clinical advancement strategy.
As an accomplished and well-respected surgeon, researcher, and educator, Yeu has contributed greatly to the field of ophthalmology throughout her more than 20-year career. Yeu is an avid proponent of novel technologies and disruptive therapeutics that improve the current standard of care for patients. She is recognized and sought after as an industry leader in clinical care and new product development in the ophthalmic surgical and therapeutics spaces.
"I am excited to begin working with AVG in this capacity. I have closely followed the ongoing development of the Laser Scleral Microporation® (LSM) technology which began with restoring the loss of dynamic range of focus (DRoF) related to the manifestation of presbyopia," said newly appointed Chief Strategic Advisor, Yeu. "I have been impressed by the detailed science behind the VisioLite® technology and the clinical results of the multiple LSM studies. The sustainability of the results of each, as well as the consistent reproducible clinical results seen from patient to patient are noteworthy. I am looking forward to serving in this role with AnnMarie Hipsley, DPT, Ph.D. and the AVG executive management team."
AVG is a privately held U.S. ophthalmic medical device company developing Laser Microporation Therapeutic technologies to treat diseases of the aging eye. The LSM technology is a minimally invasive rejuvenation procedure for the treatment of presbyopia, glaucoma, and other eye diseases. Currently, AVG is preparing for the commercialization of its VisioLite ophthalmic laser system, an innovative, first-in-class touchless laser technology offering.
In addition to her clinical practice at Virginia Eye Consultants, Yeu serves on the board of directors for STAAR Surgical, Avellino Lab USA, OSRX Pharmaceuticals, and the Virginia Eye Foundation. She also serves as chief medical advisor for Tarsus Pharmaceuticals and executive board member of CVP Physicians, Mid-Atlantic.
Yeu earned her bachelor's degree in science and completed her M.D. through an accelerated academic program at the University of Florida, Gainesville, and the UF College of Medicine. She completed her ophthalmology residency at Rush University Medical Center in Chicago, Illinois where she served as chief resident. Yeu then went on to Cullen Eye Institute, Baylor College of Medicine in Houston, Texas to complete her fellowship in cornea, anterior segment and refractive surgery where she was as assistant professor. In 2013, Yeu joined Virginia Eye Consultants and became a partner in 2014. She continues her commitment to residency training in ophthalmology as assistant professor at the Eastern Virginia Medical School in Norfolk. She is also the medical director at Virginia Surgery Center.
"At AVG, we are working diligently to pioneer a new area of understanding of the true biomechanical mechanisms that underly the loss of DRoF which typically starts around the age of 40 and beyond," said AnnMarie Hipsley, DPT, Ph.D., Founder and CEO of Ace Vision Group. "We have developed a touchless technology that is outside of the visual axis to address the ocular rigidity caused by age-related crosslinking which manifests as the well-known symptoms of presbyopia. This contributes to progressive visual disability for one of the largest markets in the ophthalmic space. LSM is the first biomechanical solution to address the underlying cause of presbyopia pathogenesis, while also illuminating the potential ocular health benefits of accommodation recovery."
Hipsley continued, "We are extremely fortunate to have Dr. Yeu join our team at this critical time as we translate our VisioLite laser system into the commercial pathway. Her expertise and guidance will be invaluable as we make strategic decisions related to the treatment paradigm platform in order to convert AVG's new technology into clinical practice."
About Ace Vision Group
Ace Vision Group, Inc. (AVG) is a privately held Delaware corporation, established in 2006 to develop laser-based therapeutic technologies to address age-related eye dysfunction and restore the eye's natural biomechanical performance. AVG's Laser Scleral Microporation or LSM, is the only therapeutic eye laser treatment that restores visual function naturally without involving vision correction, artificial implants or devices. The goal of AVG is to provide the field of ophthalmology with innovative devices, procedures and education for the treatment and delay of onset of age-related ocular dysfunction, disability and disease. For more information about Ace Vision Group please visit www.acevisiongroup.com.
Media Contact:
Cassandra Dump
Cassy.dump@precisionvh.com
619-971-1887
Organization Contact:
Emily Zimcosky
ezimcosky@acevisiongroup.com
330-807-1929
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SOURCE Ace Vision | https://www.mysuncoast.com/prnewswire/2022/06/17/ace-vision-group-appoints-elizabeth-yeu-md-chief-strategic-advisor/ | 2022-06-17T14:36:06Z |
The Indiana doctor who provided abortion services for a 10-year-old girl who was raped is now being investigated by the state's attorney general, according to a lawyer for the doctor.
A notice from Indiana Attorney General Todd Rokita of his inquiry into Dr. Caitlin Bernard arrived Tuesday, attorney Kathleen DeLaney said.
"We are in the process of reviewing this information. It's unclear to us what is the nature of the investigation and what authority he has to investigate Dr. Bernard," DeLaney said.
CNN has reached out to Rokita for comment. The attorney general had previously announced he would investigate Bernard for potential failure to report the abortion and possible violation of patient privacy laws.
The inquiry notice is the latest development in a drama that has thrust Bernard to the forefront of the debate over abortion rights in the United States in the aftermath of the Supreme Court decision that overturned Roe vs. Wade on June 24 and ended the federal right to abortion.
Bernard helped the 10-year-old after Ohio banned almost all abortions after six weeks of gestation, she told CNN earlier this month, adding that the girl was six weeks and three days into the pregnancy. Within a week of the Supreme Court ruling, the girl underwent the procedure in Indiana.
Under Indiana law, an abortion performed on a person younger than 16 years of age must be reported to the state's Department of Health and also to the Department of Child Services within three days of the abortion.
Bernard reported the abortion procedure to the Indiana Department of Health on July 2 -- two days after it was performed -- as required by the department, according to agency documents obtained by CNN.
In response to CNN's reporting, Rokita's office said: "As we stated, we are gathering evidence from multiple sources and agencies related to these allegations. Our legal review of it remains open."
CNN has reached out to the Indiana Department of Child Services to inquire if Bernard also filed the report with its office.
Bernard practices at Indiana University Health and serves as an assistant professor at the school. Her employer conducted a review in this case -- with Bernard's "full cooperation" -- and determined she was "in compliance with privacy laws," IU Health said in a statement July 15.
In an Ohio criminal court on Monday, the man charged with raping the girl pleaded not guilty to felony rape charges. The girl had identified Gerson Fuentes, 27, as her assaulter before his arrest, according to an affidavit, and one detective has testified that Fuentes confessed to police.
Situation is 'worse, faster' since ruling, doctor says
Bernard said in an interview Tuesday that some people are starting to realize the impact of anti-abortion laws is "actually not what they intended," as pregnant people are being put in life-threatening and dangerous situations.
"I think we're at a time in our country where people are starting to realize the impact of these anti-abortion laws and now when it's finally become impossible for some people, I think people realize that that is actually not what they intended, that is not what they want for children, for women, to be put in these situations of life-threatening conditions of traumatic pregnancies," Bernard told "CBS Evening News."
When asked how things have changed since the overturning of Roe v. Wade and if the situation is worse than she imagined, she said, "We're hearing stories all across the country of people who are in dire circumstances, complications of their pregnancies or traumatic situations and are needing abortion care and not able to get it."
"It's worse, faster," she added.
"You know, this will affect our ability to take care of miscarriages," Bernard said. "This will affect our ability to take care of complications in early pregnancy that could kill someone. This will affect our ability to provide infertility treatment, contraception, the list goes on."
Rokita has previously publicly called Bernard an "abortion activist acting as a doctor," and Bernard responded to that characterization.
"I am a physician," Bernard said. "I've spent my entire life working to have this position, to be able to take care of patients every single day."
She also denied violating any privacy laws or failing to report any abortions.
Last week, Bernard's attorneys filed a tort claim notice against Rokita and his office in the first steps toward a possible defamation lawsuit for public comments he has made about Bernard, seeking "damages for security costs, legal fees, reputational harm, and emotional distress," according to a letter.
The attorney general's office dismissed the letter and said in a statement it would "defend against baseless claims."
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Stacker compiled a list of 25 things we’ve learned about the moon since 1969, using data from NASA, the Smithsonian, and other sources to salute over 50 years of historic discoveries. Click for more. | https://www.albanyherald.com/news/indiana-attorney-general-is-investigating-the-doctor-who-provided-abortion-services-for-a-10-year/article_98206571-7724-53cc-83e1-a3a0c502d6f4.html | 2022-07-27T09:50:07Z |
BOSTON and NEW YORK, July 21, 2022 /PRNewswire/ -- Provident Healthcare Partners ("Provident"), a leading healthcare investment banking firm, announced it has advised Ganse Apothecary ("Ganse") in its partnership with Terrapin Pharmacy ("Terrapin"), a portfolio company of WindRose Health Investors ("WindRose"). Ganse is a Lancaster, Pennsylvania-based closed-door long-term care and specialty pharmacy that provides value-added distribution services to patients suffering from severe and persistent mental illness and intellectual and developmental disabilities (IDD).
Provident's deal team was led by Michael Patton, a Managing Director at the firm. Troutman Pepper served as legal counsel to Ganse Apothecary, and Latham & Watkins served as legal counsel for WindRose Health Investors. The terms of the transaction were not disclosed.
"From the beginning of the process, I was comfortable with the knowledge and expertise of Provident. They brought sell side expertise that made the process easy to understand for someone going through this for the first time. I felt Provident was there to support me through the challenges and celebrate the success of my transition. I would recommend the Provident team without reservation to any business owner considering selling," noted Greg Ganse. President of Ganse.
"Greg Ganse has built Ganse Apothecary to be a market leader in long term-care and specialty pharmacy space in the Pennsylvania market over the last 50 years. We believe Terrapin is the ideal partner for Ganse in order to leverage best practices, complimentary geographies, and therapeutic categories. We look forward to watching the future success of the combined entities," commented Patton.
"It was a privilege to represent Greg and Ganse Apothecary in their transaction with WindRose. Ganse is a natural fit for Terrapin due to the combination of its strong executive management team and reputation as a best-in-class specialty and long-term care pharmacy," commented Tommy Spiegel, Senior Associate at Provident Healthcare Partners.
Ganse Apothecary is a URAC accredited specialty, long-term care, and retail pharmacy located in Lancaster, Pennsylvania. The organization provides pharmacy services to individuals with serious and persistent mental illness, substance use disorders, and intellectual and developmental disabilities, the organizations that support them, and to the general public as well. Visit https://www.ganseapothecary.com/ for more information.
Terrapin Pharmacy is a closed-door specialized pharmacy that primarily serves individuals diagnosed with severe and persistent mental illnesses in the Mid-Atlantic region. The Company serves this population through high-touch distribution relationships with community-based behavioral health agencies and long-term care facilities, enabling improved medication adherence and care management for complex and costly patient populations. Visit https://www.terrapinpharmacy.com/ for more information.
Provident is a leading healthcare investment banking firm specializing in merger and acquisition advisory, strategic planning, and capital formation services for healthcare companies. The firm has a comprehensive knowledge of market sectors and specialties, including specialty pharmacy services. Provident also has unsurpassed experience and insight into the M&A process, which includes working with a multitude of investors such as private equity firms and strategic consolidators. For additional information, visit www.providenthp.com or follow on LinkedIn.
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SOURCE Provident Healthcare Partners LLC | https://www.mysuncoast.com/prnewswire/2022/07/21/provident-healthcare-partners-advises-ganse-apothecary-its-partnership-with-terrapin-pharmacy/ | 2022-07-21T11:11:26Z |
TORONTO and RAMAT-GAN, Israel, Aug. 15, 2022 /PRNewswire/ -- Short Wave Pharma Inc. ("Shortwave" or the "Company"), a biopharmaceutical company developing patent pending psychedelic compositions and methods of delivery, is pleased to announce that it has signed a Clinical Trial Agreement (the "Agreement") with the Sheba Fund for Health Services and Research (the "Fund") and with Dr. Eitan Gur, Principal Investigator and head of the Sheba Medical Center Department for Eating Disorders (the "Center") and Mr Yoel Golbert, Co–Investigator at the Center.
Under the Agreement, Shortwave will be the exclusive commercial partner in an investigator-initiated, open-label, phase II study of the safety and feasibility of psilocybin-assisted psychotherapy for the treatment of anorexia nervosa (the "Trial").
The Trial, the first of its kind in Israel, recently obtained approval from the Israeli Ministry of Health and is preparing for participant recruitment.
In recognition of its financial support for the Trial, the Company will gain access to the Trial's data as well as a first right of refusal to commercialize any intellectual property generated from the Trial. The parties agree to cooperate in the future, and to positively consider a follow-on study by the Fund and the Center using the Company's psilocybin-based formulation and buccal film delivery system.
Anorexia nervosa is a life-threatening disease and a severe eating disorder that affects about 0.5-1% of the population. Of all psychiatric disorders, anorexia is a leading cause of disability in the U.S. and many other developed countries. When left untreated, anorexia can lead to severe distress, significant psychological dysfunction and even death at a 5-18% incidence with a high risk of suicide. It is a chronic disease with no approved pharmacological treatment.
Shortwave's patent-pending psilocybin-based formulation is designed to affect several receptors which play a part in anorexia nervosa through an expanded mechanism of action, and its proprietary buccal method of administration directly addresses metabolism related challenges and eliminates patient burden in this vulnerable population. Together, they constitute a cost-efficient approach for treating this complex condition.
ABOUT SHORTWAVE
Short Wave Pharma Inc. is an Israeli based biopharmaceutical company developing novel formulations of psilocybin and additional APIs, as well as customized delivery methods, to effect significant additional benefits for patients suffering from mental health disorders, neurodegenerative diseases, chronic pain, and potentially all other medical conditions where psilocybin is known to have a positive effect.
The Company has begun pre-clinical studies related to its anorexia nervosa product and plans to be ready for phase I/IIa trials in Q2 2023. Shortwave's leadership team combines years of experience in drug development and clinical research, accelerated regulatory pathways and pharmaceutical industry expertise. The Company's future programs include development of novel formulations and delivery approaches for chronic pain and neuro degenerative diseases.
ABOUT THE CENTER FOR EATING DISORDERS AT THE SHEBA MEDICAL CENTER
The Center for Eating Disorders is the largest center of its kind in Israel and provides care for patients over 18 years old dealing with eating disorders of various severity including anorexia nervosa, bulimia nervosa, binge eating disorder, a-typical anorexia and more.
The Center includes acute care units, inpatient and outpatient facilities along with a program for chronic and treatment resistant patients. It employs a multi- disciplinary staff including physicians, clinical dietitians, psychologists, social workers, movement, drama and art therapists and fitness professionals.
As Israel's top facility for treating eating disorders, it strives to address the need for safe and effective novel treatments.
Logo - https://mma.prnewswire.com/media/1878051/Short_Wave_Logo.jpg
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For further information please contact:
Rivki Stern, CEO rivki@shortwave-pharma.com
Yoel Golbert, Co–Investigator Yoel.Golbert@Sheba.Health.gov.il
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SOURCE Short Wave Pharma Inc. | https://www.kxii.com/prnewswire/2022/08/15/short-wave-pharma-signs-clinical-trial-agreement-with-sheba-research-fund-sheba-center-eating-disorders/ | 2022-08-15T10:42:30Z |
NEW YORK, Aug. 31, 2022 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of MINISO Group Holding Limited (NYSE: MNSO) pursuant and/or traceable to the registration statement and related prospectus (collectively, the "Registration Statement") issued in connection with MINISO's October 2020 initial public offering (the "IPO") of the important October 17, 2022 lead plaintiff deadline.
SO WHAT: If you purchased MINISO securities 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 MINISO class action, go to https://rosenlegal.com/submit-form/?case_id=7814 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 17, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, the Registration Statement featured false and/or misleading statements and/or failed to disclose that: (1) defendants and other undisclosed related parties owned and controlled a much larger amount of MINISO stores than previously stated; (2) as a result, MINISO concealed its true costs; (3) the Company did not represent its true business model; (4) defendants, including the Company and its Chairman, engaged in planned unusual and unclear transactions; (5) as a result of at least one of these transactions, the Company is at risk of breaching contracts with Chinese authorities; (6) the Company would imminently and drastically drop its franchise fees; and (7) as a result of the foregoing, defendants' statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the MINISO class action, go https://rosenlegal.com/submit-form/?case_id=7814 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.
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-------------------------------
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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BAGHDAD (AP) — Khalil Ibrahim’s four sons are among thousands of followers of an influential Shiite cleric staging a sit-in outside Iraq’s parliament after storming the building last week in a stunning move that threw the country into a new era of political instability.
Ibrahim is behind them all the way, he says — as are practically all his neighbors in Sadr City, the huge Baghdad district of millions of largely impoverished Shiites that is the heart of support for the cleric, Muqtada al-Sadr.
Every house within the district’s concrete jungle has members participating in the sit-in, the 70-year-old Ibrahim told The Associated Press on Thursday. “This time we know there will be change, we are sure of it,” he said.
Al-Sadr derives his political weight largely from their seemingly unending support. His word has spurred meticulously organized mass protests at various times in the past, bringing Baghdad to a halt and disrupting the political process. Many in Sadr City proclaim their devotion to al-Sadr, dismissing allegations of corruption against his movement.
They are drawn by his religious rhetoric and the promise of long-sought change and recognition for a community that is among Iraq’s most destitute.
Most in Sadr City complain of inadequate basic services, including electricity in the scorching summer heat — temperatures soared above 50 degrees Celsius (122 degrees Fahrenheit) Thursday. The majority who spoke to the AP did not finish school, and those who did say they can’t find work.
Prompted by protest calls by al-Sadr’s party, they overran parliament on Saturday, before pulling back to the sit-in outside the building. Their gathering is preventing al-Sadr’s Iranian-backed political rivals from forging ahead with government formation. Al-Sadr, whose party won the largest number of seats in the last election, had been demanding a majority government that would have squeezed out his rivals.
The standoff extends an unprecedented political impasse, 10 months since the elections. On Friday, hundreds of thousands heeded al-Sadr’s call yet again, gathering for a mass prayer in Baghdad’s heavily fortified Green Zone.
The cleric elicits a powerful combination of religion, in particular by evoking the sacrifices of Imam Hussein, a revered figure in Shiite Islam. He also taps into Sadr City’s long history as an epicenter of mass social demonstration where sentiments of oppression and revolution run deep.
This history dates back to the district’s founding soon after the 1958 overthrow of the monarchy by Abdel Karim Qassim.
Called Revolution City back then, Qassim built settlements for migrants from southern Iraq, many of whom were violently dispossessed of land and suffered immense poverty. The area’s five original sectors would grew over the following decades to 100 sectors, with 2.5 million residents.
However, promises to develop the neighborhood never came to fruition throughout Iraq’s turbulent modern history and it fell into neglect, creating an urban underclass segregated from the rest of Baghdad society.
Under Saddam Hussein, it became a center for Shiite resistance. After the U.S.-led invasion in 2003, it was renamed Sadr City after al-Sadr’s father.
In a speech Wednesday, al-Sadr instructed his followers to carry on with the sit-in and called for early elections, the dissolution of parliament and amendments to the constitution.
In the Ibrahim household, the demands are simpler. They want to own a house and find work. Ibrahim’s sons only have irregular day laborer jobs. His eldest is 23, and none went past primary school.
The entire family — 12 persons in all — live in a house where the rent takes up most their incomes, even though Ibrahim worked his entire life as a guard outside the Education Ministry.
Hamida, Ibrahim’s wife, desperately wants to own a house of their own. “We filled out applications for government housing, we filled out applications for jobs, but nothing worked,” she said.
As she spoke, the electricity cut out. “There it goes again,” she sighed.
More recently, al-Sadr’s support, which extends to parts of southern Iraq, has shown signs of eroding. Though the party was the biggest vote-getter in October’s elections, its total votes were under a million, less than in previous elections.
The party has been part of multiple governments over the years, yet Sadr City has seen little improvement. Despite his portrayal as a hero the dispossessed, his party has a vast network of civil servant appointees across Iraq’s state institutions, ready to do its bidding. Contractors doing business with the ministries under his control have complained of harassment and threats from his party members.
Critics accuse the cleric of using his followers as pawns by evoking the legacy of his father, Mohamed Sadeq al-Sadr a highly respected Shiite religious figure killed by Saddam’s regime in the 1990s.
In Sadr City, his supporters are quick to defend him, saying his political opponents have obstructed his agenda.
Many said his calls to protest gave them purpose beyond the monotony of their poverty-stricken lives. The protest call is disseminated from Sadr’s party offices down to tribal leaders, who pass it on to their members.
Many protesters who stormed the parliament last Saturday said it was their first glimpse of the halls of power, where they are seldom welcome.
“I saw the big buildings, the beautiful rooms, and I thought ‘How can this exist in the same city where I am struggling?’” said Mohammed Alaa, a grocer in Sadr City. “Aren’t we human also?”
Portraits of Imam Hussein, the Prophet Mohammed’s grandson, hang outside almost every door in Sadr City. Ashura, next Monday, commemorates his killing, and Iraqis typically march in the thousands to mark the day in the holy city of Karbala, south of Baghdad.
Al-Sadr’s messaging is suffused with references to Hussein’s sacrifice and calls to rise up against oppression. In Saturday’s speech, al-Sadr said he was against bloodshed, but added that “reform comes only through sacrifice,” pointing to the example of the imam.
The comparison resonates among his followers. A portrait of Imam Hussein glitters in Ibrahim’s modest living room.
“Imam Hussein called for reform and revolution, and now our leaders are also,” Ibrahim said. “Of course, some can ignore that, but we can’t.” | https://cw33.com/news/ap-top-headlines/in-baghdads-sadr-city-clerics-support-underpins-protests/ | 2022-08-05T20:23:08Z |
NEW YORK, April 11, 2022 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE American: BRG) (the "Company") today announced that its Board of Directors has authorized and the Company has declared a monthly cash dividend on the Company's Series B Redeemable Preferred Stock (the "Series B Preferred Stock") for the month of April 2022, equal to a quarterly rate of $15.00 per share (the "Series B Preferred Dividends"). In addition, the Board of Directors has authorized and the Company has declared a monthly cash dividend on the Company's Series T Redeemable Preferred Stock (the "Series T Preferred Stock") for the month of April 2022, equal to a quarterly rate of $0.384375 per share (the "Series T Preferred Dividends").
The Series B Preferred Dividends will be payable in cash as follows: $5.00 per share to be paid on Thursday, May 5, 2022 to Series B Preferred stockholders of record as of Monday, April 25, 2022.
The Series T Preferred Dividends will be payable in cash as follows: $0.128125 per share to be paid on Thursday, May 5, 2022 to Series T Preferred stockholders of record as of Monday, April 25, 2022. Newly-issued shares of Series T Preferred Stock held for only a portion of the applicable monthly dividend period will receive a prorated Series T Preferred Dividend based on the actual number of days in the applicable dividend period during which each such share of Series T Preferred Stock was outstanding, as permitted under the Articles Supplementary to the Company's charter dated November 13, 2019.
About Bluerock Residential Growth REIT, Inc.
Bluerock Residential Growth REIT, Inc. (NYSE American: BRG) is a real estate investment trust that focuses on developing and acquiring a diversified portfolio of institutional-quality highly amenitized live/work/play apartment communities in demographically attractive knowledge economy growth markets to appeal to the renter by choice. The Company's objective is to generate value through off-market/relationship-based transactions and, at the asset level, through value-add improvements to properties and to operations. BRG has elected to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes.
For more information, please visit our website at: www.bluerockresidential.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are based upon the Company's present expectations, but these statements are not guaranteed to occur. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. Investors should not place undue reliance upon forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, the Company's actual results and performance could differ materially from those set forth in these forward-looking statements due to numerous factors. Currently, one of the most significant factors is the potential adverse effect of the COVID-19 pandemic on the financial condition, results of operations, cash flows and performance of the Company and its tenants, partners and employees, as well as the real estate market and the global economy and financial markets. The extent to which COVID-19 impacts the Company and its tenants, partners and employees will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact (including governmental actions that may vary by jurisdiction, such as mandated business closing; stay-at-home orders; limits on group activity; and actions to protect residential tenants from eviction), and the direct and indirect economic effects of the pandemic and containment measures, including national and local employment rates and the corresponding impact on the Company's tenants' ability to pay their rent on time or at all, among others. For further discussion of the factors that could affect outcomes, please refer to the risk factors set forth in Item 1A of the Company's Annual Report on Form 10-K filed by the Company with the U.S. Securities and Exchange Commission ("SEC") on March 11, 2022, and subsequent filings by the Company with the SEC. We claim the safe harbor protection for forward looking statements contained in the Private Securities Litigation Reform Act of 1995.
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SOURCE Bluerock Residential Growth REIT, Inc. | https://www.mysuncoast.com/prnewswire/2022/04/11/bluerock-residential-growth-reit-brg-announces-april-dividends-series-b-preferred-stock-series-t-preferred-stock/ | 2022-04-11T19:17:32Z |
ISS Rejects Warren Lichtenstein's Entire Steel Partners Slate
EL SEGUNDO, Calif., June 18, 2022 /PRNewswire/ -- Eileen Drake (the CEO of Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD)) ("Aerojet Rocketdyne" or the "Company") and Gen. Kevin Chilton (Ret.), Thomas Corcoran and Gen. Lance Lord (Ret.) (three of its independent directors) issued the following statement to the shareholders of Aerojet Rocketdyne:
Fellow Shareholders,
We are gratified that Institutional Shareholder Services Inc. ("ISS"), a leading provider of proxy research and vote recommendations to the institutional investment community, has recommended that Aerojet Rocketdyne shareholders vote the WHITE proxy card "FOR" all of the Independent Slate's highly qualified director nominees, led by Eileen Drake, at the Special Meeting of Shareholders on June 30, 2022.
Ms. Drake added: "We greatly appreciate the support from ISS and our shareholders for the Independent Slate. We look forward to continuing to deliver tremendous value for the Company and our shareholders."
The Independent Slate Urges All Shareholders to Support its Highly Qualified Nominees by Voting "FOR" on the WHITE Proxy Card at the Upcoming Special Meeting on June 30, 2022
Important Information
This communication is being made in the participants' individual capacity, and not by or on behalf of the Company. No Company resources were used in connection with these materials. On June 1, 2022, Eileen P. Drake, General Kevin Chilton, USAF (Ret.), General Lance Lord, USAF (Ret.) and Thomas Corcoran (the "Incumbent Directors") filed a definitive proxy statement with the Securities and Exchange Commission (the "SEC") in connection with the solicitation of proxies for a special meeting of stockholders of the Company to be held on June 30, 2022.
Contact:
D.F. King & Co., Inc.
Edward T. McCarthy / Tom Germinario
AJRD@dfking.com
Committee's Website:
https://maximizeajrdvalue.com/
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SOURCE Committee for Aerojet Rocketdyne Shareholders and Value Maximization | https://www.wibw.com/prnewswire/2022/06/18/iss-recommends-shareholders-vote-entire-independent-slates-highly-qualified-directors-led-by-ceo-eileen-drake/ | 2022-06-18T16:50:04Z |
BOGOTÁ, D.C., Aug. 4, 2022 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announced today the Ecopetrol Group's financial results for the second quarter of 2022. The financial results were prepared in accordance with the International Financial Reporting Standards applicable in Colombia.
Table 1: Financial Summary Income Statement - Ecopetrol Group
Financial information included in this report has not been audited and is expressed in billion or trillions of Colombian pesos (COP) or US dollars (USD), or thousands of barrels of oil equivalent per day (mboed) or tons, as noted. For presentation purposes, certain figures in this report were rounded to the nearest decimal place.
In words of Felipe Bayón Pardo, CEO of Ecopetrol:
"The Ecopetrol Group's figures for the period ending June 2022 mark a new historical milestone for the Company, having achieved the best quarterly and half-yearly financial results in our history. During these first six months, the Company achieved a net income of COP 17.0 trillion, which exceeds the result for the full year of 2021.
These results are a reflection of: i) the effort and commitment of more than 18,000 direct employees and all the Ecopetrol Group's contractors to our growth, diversification, and financial profitability targets, and our 2040 "Energy that Transforms" strategy, ii) the strength, stability, and reliability of our business segments, iii) a solid commercial strategy allowing the seizing of benefits even in adverse market conditions, iv) the capture of efficiencies by more than COP 1 trillion, allowing us to mitigate certain inflationary pressures seen across all industries on a global scale; and, v) the Company's strict capital discipline.
Regarding our Competitive Returns pillar, this quarter we recorded consolidated revenues of COP 43.9 trillion, a net income of COP 10.5 trillion, an EBITDA of COP 22.2 trillion, and an EBITDA margin of 51%, the highest in the Company's history. For the six-month period ended June 2022, our consolidated revenues amounted to COP 76.4 trillion, a net income of COP 17.0 trillion, an EBITDA of COP 38.1 trillion, and an EBITDA margin of 50%. As of June 30, 2022, the Gross Debt/EBITDA leverage ratio was 1.6x and the return on average capital employed (ROACE) was 17.1% for the same period. Thanks to the Company's financial strength, in early July, S&P Ratings maintained its long-term international rating at BB+ with a stable outlook.
The Company's operational, commercial and financial results reflect the effects of international crude oil prices (average Brent of 112 USD/Bl for 2Q22) and the exchange rate effect (average TRM of 3,915 COP/USD for 2Q22), which allowed us to attain a better realization price of our crude basket (+39.8 USD/Bl in 2Q22 vs. 2Q21), an increase in the volume of local product sales (+24.8% in 2Q22 vs. 2Q21) and an increase in exports (+14.9% in 2Q22 vs. 2Q21) driven, among other initiatives, by the recent entry into operation of Ecopetrol Trading Asia. We highlight the consolidation of our domestic crude oil purchasing strategy, which has allowed us to diversify sources of supply for refinery feedstocks and improve refining margins. In addition, we implemented a series of initiatives to anticipate and counteract inflationary pressures and limitations in the global supply chains.
In line with the Group's target to protect its liquidity position and its focus on guaranteeing the annual investment plan, during the quarter we reached an agreement with the Ministry of Finance and Public Credit (MHCP for its Spanish acronym) for the payment and compensation of the COP 14.1 trillion account receivable due to us from the Fuel Price Stabilization Fund, (FEPC for its Spanish acronym), as of 1Q22. The accrued FEPC subsidy for 2Q22 due to us amounts to COP 10.6 trillion, which, by virtue of the provisions of the Government's Medium-Term Fiscal Framework, are expected to be partially paid from fiscal surpluses during the current fiscal year or with resources approved by Congress as part of the 2023 Budget for such purpose.
There are several operational milestones I would like to highlight regarding our Grow with the Energy Transition strategic pillar:
On the exploration front, some of the most noteworthy activities are the concurrent activity of 2 drill-rigs in the Piedemonte and 2 in offshore areas, the recently announced confirmation of the presence of natural gas in deep waters in the Colombian Caribbean with the exploratory well Uchuva-1, the agreement reached with Oxy for joint exploration in deep waters in the northeast of the country and the acquisition of onshore seismic in Colombia stands out. Finally, it is worth noting that 60% of the hydrocarbon volumes identified in the exploratory portfolio correspond to gas, which illustrates the alignment between hydrocarbon exploration and the energy transition targets proposed by both Ecopetrol and the Nation.
In production, we recorded an average of 704.6 mboed during 2Q22, an increase of 43.7 mboed as compared to 2Q21, falling on the high end of our 2022 production target.
Gas, our transition fuel, continues to hold a prominent role in the Ecopetrol Group's activities. During 2Q22, the contribution of gas to overall production was 20%. In our efforts to more effectively capitalize gas opportunities, and ensure their alignment with the 2040 Strategy, the Gas Vice Presidency was renamed the Low Emission Solutions Vice Presidency, to consolidate the gas, biogas, LPG, energy, renewables, hydrogen and CCUS (Carbon Capture, Use and Storage) areas under one vice presidency.
In addition to the above, the positive operating and financial results from our operations in the Permian basin reached historical records, surpassing the results achieved in 2021. Cumulative production as of June, 2022 was 26.8 mboed (net for Ecopetrol before royalties), almost doubling the contribution of 1H21. On the other hand, we continued working to reduce our emissions intensity through our zero routine flaring initiative and the substitution of ~36% of the volume of diesel used in our completion activities with compressed natural gas (CNG). Based on the good results to date, I am pleased to announce that Occidental Petroleum Corp. ("Oxy") and Ecopetrol have agreed to optimize activity in the Midland area and expand the partnership to cover about 21,000 acres in the Delaware area, thereby strengthening Ecopetrol's presence in the Permian. This agreement allows us to access a greater share of production (75%) while deferring carry obligations to 2025. The activity in Delaware will start in 4Q22 and its contribution to production and reserves will be reflected in the targets set for 2023.
Regarding unconventional reservoirs in Colombia, during 2Q22 the environment and community relationship plan continued, which consisted of different meetings and conversations held at the local and regional levels, as part of Ecopetrol's efforts to facilitate and make viable the Kalé and Platero Comprehensive Research Pilot Projects (PPIIs for their Spanish acronyms).
The midstream segment reported its best result of the last two years. Total volumes transported increased to 1,077 mbd, or by 11.8% as compared to 2Q21 results. These figures are attributed to an increase in production and additional third-party barrels captured, as well as an increase in transported refined products.
The downstream segment registered record operating and financial results in the quarter, with a total throughput of 365.1 mbd and an integrated gross margin of 29 USD/Bl (vs. 360.4 mbd and 9.5 USD/Bl in 2Q21 respectively). This was the result of a high operational availability of the units, an active inventory optimization, a strategic scheduled shutdowns plan that allowed us to capture the good margins observed in the market, and a successful commercial strategy for products and petrochemicals, where volumetric maximization and the incorporation of additional products to the portfolio were key factors. During the first half of the year, 75% of the planned shutdowns for 2022 were executed. Additionally, we achieved the mechanical completion of the Interconnection of the Cartagena Crude Oil Plants (IPCC for its Spanish acronym) at the Cartagena refinery, whose commissioning and start-up is in progress and is expected to stabilize its operation during 3Q22. With this project we expect to capitalize on the benefits of a higher refining capacity reaching values of 420 - 430 mbd.
ISA reported strong quarterly financial results, with a 14.5% growth in revenues and a 10.1% growth in EBITDA, as compared to the same period in 2021. ISA's subsidiary CTEEP was awarded the bid for one of the largest energy transmission projects in Brazil in recent history, further consolidating its leadership in this market. During this semester, ISA's contribution to the Ecopetrol Group following its consolidation added COP 0.6 trillion to net income (net of non-controlling interest) and COP 4.2 trillion to EBITDA.
In our Generate Value Through TESG pillar, we can highlight the following milestones for 2Q22:
On the environmental front we continue moving forward with the maturation and implementation of an ambitious renewable energy plan, supported by solar, wind and geothermal projects in locations where the Ecopetrol Group already operates. To this end, the company has moved forward with the development and construction of two additional Solar Ecoparks, which would increase installed capacity by 49 MW, and subsequently contribute to the 400 MW target set for 2023. At the end of 1H22, the Ecopetrol Group has achieved the incorporation of 119 MW of renewable energy in its supply matrix, which represents 9% of the Group's installed capacity (MW).
During 2Q22, a reduction of 4,281 tons of CO2e and operational cost-savings of COP 2,610 million were achieved supported by the Castilla, San Fernando and Cenit solar Ecoparks in 2Q22.
Additionally, we announced our commitment to having more than 200 sustainable vehicles to be used by our employees. These vehicles will reduce CO2e emissions by more than 500 tons per year, or the equivalent of planting more than 16,000 trees. Along these lines, our target for 2025 seeks that more than half of our employees to use sustainable means of transport.
During the quarter we also announced our adhesion to the Hydrogen Council as executive members furthering our effort to promote the domestic use of hydrogen as an energy resource while announcing the group of partner companies to develop our hydrogen roadmap. In this line, we also signed a three-year agreement with Toyota to conduct mobility tests using green hydrogen, which will initiate in 4Q22.
On the social front, we allocated resources for projects and initiatives of the sustainable development portfolio for a total of COP 154 billion accumulated as of 1H22.
The results obtained in the 2022 Merco Talent ranking are also notable as Ecopetrol was recognized as the company with the highest capacity to attract and retain talent in the country. The presence of Ecopetrol S.A. in first place, Reficar in sixth place, and Cenit in eighth place in the specialized oil and hydrocarbon sector ranking, as well as the presence of ISA in second place in the specialized energy sector ranking, stand out.
In terms of health and safety, the Company reported historical results, with a TRIF indicator of 0.30 accidents per million hours worked in 2Q22 and 0.26 accumulated at the end of 1H22, the latter with a 57% improvement over the same period of the previous year. We also highlight an intense semester in scheduled plant shutdowns for maintenance in the refineries with no recordable injuries, evidencing the Company's commitment to safety and good practices.
On the corporate governance front, an extraordinary General Shareholders' Meeting was held on June 17, where a modification to the maximum term for the payment of dividends to the Nation was approved, extending the term until October 2022, as well as the distribution of an extraordinary dividend of COP 168 per share. The above, in response to a request from the MHCP within the framework of the agreement for the payment of the outstanding account receivable balance due to us from the FEPC. This dividend was paid to our more than 250,000 minority shareholders on June 30, 2022.
Finally, on the Cutting-Edge Knowledge pillar, science, technology, and innovation (STI) play a crucial role in the implementation of the 2040 Strategy, for which the Science, Technology and Innovation Vice Presidency (VTI for its Spanish acronym) was created, which contains the Digital Vice Presidency (VDI for its Spanish acronym) and the Colombian Petroleum Institute (ICP for its Spanish acronym) and coordinates the teams responsible for the STI agenda across all segments of the Ecopetrol Group's value chain.
On the Science, Technology, and Innovation front, we conducted the first 5G pilot test for industrial application in partnership with Accenture, Claro, and Microsoft. This test was conducted as part of maintenance operations at the Barrancabermeja refinery, with the use of secure devices for real-time remote assistance, which enabled a three-day reduction in maintenance, and the optimization of activities worth more than USD 1 million. Additionally, an automation plan for the VTI's laboratories and pilot plants was undertaken with the participation of 13 domestic and international companies.
All the Ecopetrol Group's employees will continue working towards generating value for all our stakeholders, taking advantage of the opportunities that align with the pillars of our 2040 Strategy, which focuses on a responsible energy transition through organized and decisive progress in our decarbonization plan within the framework of our country's energy security and that of the regions where we operate as a Group."
Bogotá D.C., August 8, 2021
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Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 18,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This press release contains business prospect statements, operating and financial result estimates, and statements related to Ecopetrol's growth prospects. These are all projections and, as such, they are based solely on the expectations of the managers regarding the future of the company and their continued access to capital to finance the company's business plan. The realization of said estimates in the future depends on the behavior of market conditions, regulations, competition, and the performance of the Colombian economy and the industry, among other factors, and are consequently subject to change without prior notice.
This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements.
For more information, please contact:
Head of Capital Markets
Tatiana Uribe Benninghoff
Email: investors@ecopetrol.com.co
Head of Corporate Communications
Mauricio Téllez
Email: mauricio.tellez@ecopetrol.com.co
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SOURCE Ecopetrol S.A. | https://www.wibw.com/prnewswire/2022/08/04/ecopetrol-group-announces-second-quarter-2022-results/ | 2022-08-04T16:18:13Z |
- Organic revenue growth of 13.0% in Q2 builds on strong Q1 performance
- Good momentum and strong order intake provide good visibility for second half
- Firmly on track to deliver double digit revenue growth with high single-digit growth in adj. EBITDA and adj. EPS in FY2022
- Broad range of measures implemented to manage inflationary impacts and to ensure supply security
DUSSELDORF, Germany, July 13, 2022 /PRNewswire/ -- Gerresheimer AG, a leading provider of healthcare & beauty solutions and drug delivery systems for pharma, biotech and cosmetics, reaffirms its guidance for its financial year 2022 after delivering a solid second quarter in line with plan. This rounded off the best first half performance with organic revenue growth of 15.7 %. Adjusted EBITDA grew by 7.3%. "I am particularly pleased with the strong performance we have delivered in the first half of the year, which is further evidence of our successful transformation into a solution provider and system integrator with higher, sustainable and profitable growth," said Dietmar Siemssen, CEO of Gerresheimer AG. "We continue to successfully navigate the challenges of the inflationary environment utilising its benefits from long-term energy supply agreements, hedges against energy price increases and its pricing power. We are seeing strong demand from our customers across our entire portfolio and are on track for another record year in 2022 as well as delivering for our mid-term guidance." Gerresheimer reaffirms its guidance for its financial year 2022 with double-digit organic revenue growth and high single-digit organic growth in adjusted EBITDA and adjusted EPS.
For further information: http://www.presseportal.de/nr/9072/dokument?langid=2
- Picture is available at AP Images (http://www.apimages.com) -
In the second quarter of its 2022 financial year, Gerresheimer generated revenues of EUR 445m, representing an organic growth of 13%. The focus on investing in key growth drivers, such as High Value Solutions in pharma and beauty, regional expansion and contract manufacturing, is delivering results with sustainable, profitable growth across all divisions. Revenue growth was also supported by the current dynamic pricing environment, with contractual pass-through and sustainable price increases. Adjusted EBITDA rose to EUR 90m, an organic increase of 5.1 %. Adjusted earnings per share (EPS) increased from EUR 1.28 to EUR 1.34.
Gerresheimer has been implementing a broad range of measures to manage inflationary impacts and to ensure continuity of supply of its system critical solutions and services. This includes long-term supply agreements, hedging contracts against energy price increases and passing on price increases. Looking forward, Gerresheimer will further improve its energy mix through the rigorous implementation of its sustainability strategy.
Gerresheimer also rearranged its financial position to support the execution of its strategy. In addition to the EUR 150m promissory note issued in November 2021, the company signed a three-year EUR 150m revolving credit facility on July 1, which addresses its refinancing requirements for 2022 in the amount of EUR 306m, securing improved terms with enhanced flexibility.
The Primary Packaging Glass Division showed impressive organic growth of 19.4%. This was driven by strong demand for both tubular and molded glass with a particular focus on High Value Solutions such as Gx® ELITE Glass. Adjusted EBITDA rose organically by 8.3% and was in particular influenced by higher energy cost.
Plastics & Devices Division revenues grew organically by 8.0%, again benefitting from pass-through effects. Following a strong comparable period, the syringes business was restrained by phasing effects. Adjusted EBITDA decreased organically by 4.2%, impacted especially by temporary unfavorable product mix effects, mainly due to the phasing in syringes.
Gerresheimer Advanced Technologies Division (GAT) continues to lay the foundations for its future growth. In the second quarter, Gerresheimer entered into strategic participations with Portal Instruments Inc to develop a needle-free autoinjector and with Adamant Health Oy to revolutionize the treatment of Parkinson's disease.
Guidance for FY 2022 (For group level, FXN):
– Organic revenue growth: at least 10%
– Organic adjusted EBITDA growth: high single-digit
– Adjusted EPS growth: high single-digit
Mid-term Guidance (For group level, FXN)
– Organic revenue growth: high single-digit
– Organic adjusted EBITDA margin: of 23-25%
– Adjusted EPS growth: at least 10% p.a.
The report is available here:
Contact Press
Ueli Utzinger
Group Senior Director Marketing & Communication
T +41 79 400 86 40
ueli.utzinger@gerresheimer.com
Contact Investor Relations
Carolin Nadilo
Corporate Senior Director Investor Relations
T +49 211 6181-220
carolin.nadilo@gerresheimer.com
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SOURCE Gerresheimer AG | https://www.kxii.com/prnewswire/2022/07/13/gerresheimer-track-deliver-record-financial-year-2022-after-solid-second-quarter/ | 2022-07-13T06:51:07Z |
DALLAS , July 19, 2022 /PRNewswire/ -- Crossplane Capital, a Dallas-based private equity firm, announced the expansion of its team today with the additions of Larry Hagenbuch as Operating Partner, Kameron Woolfolk as Associate and Will Huntsman as Analyst.
Larry Hagenbuch brings hands-on operational improvement experience to Crossplane. Prior to joining Crossplane, Larry led Huron Consulting's Interim Management Practice, and he was a consultant with AlixPartners and Booz, Allen & Hamilton earlier in his career. In addition to his deep consulting experience, Larry held operating roles with GE / GE Capital and J. Hilburn. He started his career as a weapons officer in the United States Navy after graduating from Vanderbilt University.
"We've known Larry for over twenty years having worked with him in prior consulting and private equity settings," said Crossplane Capital Managing Partner, Brian Hegi. "We are fortunate to add such a unique talent in Larry to our growing team."
"As a seasoned executive who has been a CEO, CFO and COO within lower middle market companies, Larry will be a tremendous resource for our management teams as we work to create long-term value through our value creation playbook," said Crossplane Capital Managing Partner, Ben Eakes.
"I'm excited to be reuniting with Brian, Ben and the entire Crossplane team," said Crossplane Capital Operating Partner, Larry Hagenbuch. "I look forward to working side-by-side with the management teams of our current and future portfolio companies to drive meaningful value."
Kameron Woolfolk joins Crossplane as an Associate after working in Truist's Industrial Investment Banking Group and J.P. Morgan's Diversified Industrials Group. Will Huntsman joins Crossplane as an Analyst after working for lower middle market private equity firm, Peterson Partners.
"Kameron and Will bring much needed deal execution and portfolio company support horsepower to our team," said Crossplane Capital Partner, Mike Sullivan. "With the hiring of Larry, Kameron and Will, Crossplane has grown to a 15-person team and will continue to expand to support our growing portfolio."
Founded in 2018, Crossplane Capital is a Dallas-based private equity firm that makes control investments in niche manufacturing, value-added distribution and industrial business services companies. The firm seeks to partner with lower-middle market companies to enhance financial performance and generate strategic value creation. For more information, please visit www.crossplanecapital.com.
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SOURCE Crossplane Capital | https://www.wibw.com/prnewswire/2022/07/19/crossplane-capital-augments-team-with-additions-operating-partner-associate-analyst/ | 2022-07-19T12:07:30Z |
DALLAS (STACKER) — Many of us have heard of the importance of eating a diet rich in fruits and vegetables, which is vital to support a healthy immune system and prevent chronic conditions. Most American adults however aren’t getting enough fruits and vegetables despite the recent popularity of a more plant-based diet and lifestyle. Only 12.3% of Americans are eating fruit and 10% are eating a daily serving of veggies. The 2020-2025 Dietary Guidelines for Americans recommend that adults eat 1.5-2 cups of fruits and 2-3 cups of vegetables daily.
Citing data collected through the 2019 Risk Behavior Surveillance System by the CDC, Thistle compiled state-level data on fruit and vegetable consumption. States and Washington D.C. are ranked by the percent of the adult population consuming less than one serving of fruit per day, from the highest rate to the lowest. Data was not available for New Jersey.
Check out the data below to see how your state stacks up, or look at the national fruit and vegetable consumption ranking here.
Texas by the numbers
– Adults eating less than one serving of fruit per day: 41.3%
– Adults eating less than one serving of vegetables per day: 23.2%
– High school students eating less than one serving of fruit per day: 50.5%
– High school students eating less than one serving of vegetables per day: 51.7%
Food deserts, regions where residents have limited to no access to affordable and nutritious foods, are often found in low-income areas and places with smaller populations. The United States Department of Agriculture (USDA) in its most recent report published in 2017, revealed that 39.5 million people in the U.S. were living in low-income areas. This also included neighborhoods with limited access to healthy food. In order to be identified as a food desert, areas have to meet certain requirements which include a local poverty rate of at least 20% or the median family earnings being 80% or less of the neighborhood’s average family salary. Areas where the closest, largest grocery store is 10 miles away or more are also considered a food desert.
Keep reading to see which states consume the most and least fruits and vegetables.
States that consume the most fruits and vegetables
#1. Vermont
– Adults eating less than one serving of fruit per day: 32%
– Adults eating less than one serving of vegetables per day: 32.7%
#2. Massachusetts
– Adults eating less than one serving of fruit per day: 32.7%
– Adults eating less than one serving of vegetables per day: 15.5%
#3. Connecticut
– Adults eating less than one serving of fruit per day: 34.1%
– Adults eating less than one serving of vegetables per day: 19.9%
States that consume the least fruits and vegetables
#1. Oklahoma
– Adults eating less than one serving of fruit per day: 48.4%
– Adults eating less than one serving of vegetables per day: 21.5%
#2. Mississippi
– Adults eating less than one serving of fruit per day: 47.5%
– Adults eating less than one serving of vegetables per day: 22.9%
#3. Louisiana
– Adults eating less than one serving of fruit per day: 47.5%
– Adults eating less than one serving of vegetables per day: 22.9%
This story originally appeared on Thistle and was produced and distributed in partnership with Stacker Studio. | https://cw33.com/news/see-how-many-fruits-and-vegetables-people-consume-in-texas/ | 2022-04-16T15:10:05Z |
PITTSBURGH, April 11, 2022 /PRNewswire/ -- "I'm an oral and maxillofacial surgeon and I thought there could be an improved device for treating oral and skin infections," said an inventor, from Los Angeles, Calif., "so I invented the FAR U V C LIGHT. My design would be employed to kill surface organisms to control COVID-19 and other oronasophanyngeal infections that may be spread to others."
The patent-pending invention provides an effective way to treat superficial infections in humans and animals. In doing so, it helps to kill germs. As a result, it enhances safety and efficiency and it provides added protection and peace of mind. The invention features a practical design that is easy to use so it is ideal for dentists, doctors and veterinarians. Additionally, it is producible in design variations.
The original design was submitted to the Los Angeles sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-LAX-1368, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com.
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SOURCE InventHelp | https://www.wibw.com/prnewswire/2022/04/11/inventhelp-inventor-develops-device-treat-superficial-infections-lax-1368/ | 2022-04-11T15:36:37Z |
VALHALLA, N.Y., July 18, 2022 /PRNewswire/ -- Retia Medical, an innovator in advanced hemodynamic monitoring, today announced that it has secured $15 million in Series B funding. The financing round was led by Fresenius Medical Care Ventures with participation from a second strategic investor, Red Cedar Ventures, and existing investor, the Pritzker-Vlock Family Office. Retia Medical will use the funding to expand its commercial team and accelerate the development of its next-generation algorithms for guiding care for high-risk patients.
"We are delighted to work with our new partners from Fresenius Medical Care, the second strategic investor, and Red Cedar Ventures to make advanced hemodynamic data accessible to as many clinicians as possible in order to help improve outcomes for high-risk surgical and critically ill patients," said Marc Zemel, S.M., M.B.A., Co-Founder and Chief Executive Officer of Retia Medical.
Commenting on the investment, Al Wiegman, Head of Fresenius Medical Care Ventures, said, "This financing is an important step forward in advancing the commercialization of Retia's Argos Cardiac Output Monitor, which provides consistently accurate data to help ensure patient safety and avoid serious complications from high-risk surgeries and ICU stays. We are impressed with the strength of the Retia team, their technology, and their commitment to innovation. We are proud to lead this financing and look forward to supporting Retia through its next phase of growth."
Retia Medical's Argos Cardiac Output Monitor enables individualized, data-driven care to improve outcomes and lower costs for high-risk surgical and critically ill patients. This hemodynamic monitor features the powerful Multi-Beat Analysis (MBATM) algorithm for consistently accurate cardiac output measurements. Unlike other monitors that only analyze a single beat at a time, Argos' proprietary MBA algorithm analyzes multiple heartbeats to model the patient's physiology and therefore provide high-quality hemodynamic data in real-time. The system detects important changes in a patient's status and enables immediate clinical intervention, when required. Designed to streamline care, the next-generation Argos Monitor can be set up in less than one minute and leverages a patient's existing arterial line for immediate use without requiring costly additional disposables or connections.
Retia Medical aims to provide accurate cardiovascular information and insights to help clinicians improve outcomes for high-risk patients. Retia brings together industry-leading expertise in physiology, signal processing, data science, and computational algorithms to engineer innovative hemodynamic monitoring solutions that give clinicians accurate, real-time data that they can rely on to make patient care decisions. Retia is committed to giving clinicians greater access to hemodynamic monitoring by providing a more cost-effective solution by eliminating unnecessary proprietary disposables. Retia Medical is proud to positively impact patient care in the U.S. and internationally as more hospitals continue to incorporate the Argos Cardiac Output Monitor into their standard of care.
Morris Nguyen
mnguyen@retiamedical.com
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SOURCE Retia Medical LLC | https://www.wibw.com/prnewswire/2022/07/18/retia-medical-raises-15-million-accelerate-commercialization-argos-hemodynamic-monitor/ | 2022-07-18T16:21:45Z |
16-month-old child dies from rare disease; family sharing story to help others
TIFTON, Ga. (WALB/Gray News) - A family in Georgia said their daughter recently died due to a rare neurological disorder, and they are sharing their story to help others.
The Wilkerson family said their baby, Emi, got a cold, but her health suddenly turned for the worse.
“I decided to see if she could fight it on her own. We had all the equipment at home. I used the oxygen to keep up with her breathing and we used the suction machine and breathing treatments,” Emi’s mother, Michelle Wilkerson, said.
But Emi’s condition reached a point where the family decided to take her to the hospital.
“When she got sickest, we called the paramedics and went to the hospital, but then she passed,” Wilkerson said.
Wilkerson said her daughter had a rare disease called KIF1A Associated Neurological Disorder.
The family said baby Emi died on July 22 at Wayne Memorial Hospital at 16 months old, with a funeral held on Tuesday.
“We’re going to live life to the fullest and help each other get through this because it is devastating,” Wilkerson said. “Just when you think you feel a little better, it hits you all over again.”
Emi’s mother said several parents who also lost a child to KIF1A have reached out to her in support. One mother shared a story about seeing a rainbow right after her child passed and knew it was a sign - something Wilkerson said she also witnessed in Emi’s passing.
“I ran out of the room and there was her rainbow. And I know why, with her body in my arms, she told me it was OK,” she said.
Wilkerson said being out of a job during this loss has been challenging, but she wants to use her foundation in Emi’s honor for the better.
“We want A Million Dreams for Emi to help alleviate some of that financial burden for families,” Wilkerson said.
Emi’s mother said the biggest lesson she learned from her daughter’s passing is to live in the moment and just enjoy life.
Copyright 2022 WALB via Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/07/30/16-month-old-child-dies-rare-disease-family-sharing-story-help-others/ | 2022-07-30T22:17:09Z |
(NEXSTAR) – As Airbnb continues to crack down on partying at its rentals, the company says it is rolling out “new anti-party tools” in the U.S. and Canada intended to prevent some users from making reservations.
Earlier this summer, the home-rental website enacted strict anti-party measures for both Memorial Day and the Fourth of July. This kept any users that lacked positive reviews from booking an entire home listing for one-night reservations on either holiday weekend.
Then in June, Airbnb permanently banned parties at homes listed on its site for short-term rentals. In 2021 alone, more than 6,600 guests were suspended for related violations, according to Airbnb.
Airbnb’s new system aims to identify “potentially high-risk reservations and prevent those users from taking advantage of our platform.” A pilot program of a similar system has been conducted in Australia, where the company says it has seen a 35% drop in unauthorized parties since the program launched in October 2021.
The system will soon be permanent in Australia, and testing on the technology is now set to begin in the U.S. and Canada.
According to Airbnb, the system will look at multiple factors, including your history of — or lack of — positive reviews, how long you’ve been on Airbnb, how long your trip is, when during the week you plan to stay, how far away the listing is, and “many” additional aspects. Depending on the results, you may be prevented from making a reservation.
“The primary objective is attempting to reduce the ability of bad actors to throw unauthorized parties which negatively impact our Hosts, neighbors, and the communities we serve,” Airbnb said in a press release.
Those who are unable to book an entire home because of this new technology will be able to book a private room or a hotel stay through Airbnb, the company noted.
This new system is being referred to as “a more robust and sophisticated version” of Airbnb’s “under-25 system,” which focused on users under the age of 25 with no positive reviews trying to book local stays. However, Airbnb believes the new system will “have less of a blunt impact” on those that aren’t planning on throwing a party.
“While we are optimistic that this technology will have a positive impact for the safety of our community and our goal to reduce unauthorized parties — we want to be clear that no system is perfect,” Airbnb said. “We will communicate with transparency about the results of this testing phase and the next steps of our ban on parties.”
Airbnb began to crack down on parties in 2019 after a fatal shooting at a party at a house in California. At the time, the company prohibited advertising parties at Airbnb locations on social media.
The number of parties at Airbnb locations only increased during the pandemic, Airbnb said, as people moved gatherings from bars and clubs to rented homes. That led to a temporary ban in 2020.
The Associated Press contributed to this report. | https://cw33.com/news/nexstar-media-wire/airbnb-to-test-new-tech-that-could-prevent-your-reservation-if-its-deemed-high-risk/ | 2022-08-17T20:37:01Z |
SHANGHAI, Sept. 5, 2022 /PRNewswire/ -- For thousands of years, the Great Wall has guarded the Chinese territory and the homeland of the Chinese people. On September 3, in a rolling, lush alpine grassland, a string of moving poems composed by little poets living in the mountainous areas made a magnificent "Great Wall of Poetry", which helps protect the spiritual homeland of these children as well as the common spiritual world for everyone.
This is a special public welfare program called "The Great Wall of Poetry -- Let the Undiscovered Literary Talents of Children in the Mountainous areas Shine" launched by this year's Poetry POS campaign launched by China UnionPay, the country's top bank card organization. Via livestreaming, the program seeks to display the talents of children in the mountainous areas to the world.
Two representatives of the little poets came to the event site and recited their poems in a grassland surrounded by mountains in Zherong County, Ningde City of southeast China's Fujian Province. Their voices echoed in the mountains, leaving the poetic feel flow along the "Great Wall of Poetry". There were also some local intangible heritage performances, which turned this public welfare livestreaming into a cultural feast. In the online livestreaming platform of Xinhua News Agency's English app, more than 10 million viewers shared this poetic spectacle.
It is worth mentioning that the warm-up of this event has also attracted the attention and support of many famous people at home and abroad. Jake Pinnick, an American who has been practicing martial arts for more than ten years, Robert Adolf, a German who loves Chinese cuisine, Cai Zi, a well-known host, Xiaolin, a painter, and Pan Jiangxue, a pioneer in poverty alleviation, read these children's poems earnestly in recognition and support of this special public welfare program.
At the event, people got a POS receipt printed with poems by donating one yuan at the UnionPay Poetry POS, and all proceeds will be donated to the China Soong Ching Ling Foundation.
China UnionPay Poetry POS campaign was officially launched in July 2019. Over the past four years, the donations raised have been used in Anhui, Henan, Sichuan, Xinjiang, Yunnan and other regions, helping nearly 5,000 children enjoy artistic literacy lessons.
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Link: http://asianetnews.net/view-attachment?attach-id=428684
Caption: On September 3, in a rolling, lush alpine grassland, a string of moving poems composed by little poets living in the mountainous areas made a magnificent "Great Wall of Poetry".
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SOURCE China UnionPay | https://www.kxii.com/prnewswire/2022/09/06/great-wall-poetry-extends-childrens-talents-beyond-mountains/ | 2022-09-06T00:45:00Z |
WASHINGTON (AP) — A government watchdog says decisions by Presidents Donald Trump and Joe Biden to pull all U.S. troops out of Afghanistan were the key factors in the collapse of that nation’s military.
The new report by the Special Inspector General for Afghanistan Reconstruction, or SIGAR, mirrors assertions made by senior Pentagon and military leaders in the aftermath of the U.S. troop withdrawal that ended last August in the chaotic evacuation of Americans and other civilians from the embattled country. Military leaders have made it clear that their recommendation was to leave about 2,500 U.S. troops in the country, but that plan was not approved.
In February 2020, the Trump administration signed an agreement with the Taliban in Doha, Qatar, in which the U.S. promised to fully withdraw its troops by May 2021. The Taliban committed to several conditions, including stopping attacks on American and coalition forces. The stated objective was to promote a peace negotiation between the Taliban and the Afghan government, but that diplomatic effort never gained traction before Biden took office in January 2022.
Just a few months later, Biden announced he would complete the U.S. military withdrawal. The announcement fueled the Taliban’s campaign to retake the country, aided by the Afghans’ widespread distrust of their government and entrenched corruption that led to low pay, lack of food and poor living conditions among the Afghan troops.
“Many Afghans thought the U.S.-Taliban agreement was an act of bad faith and a signal that the U.S. was handing over Afghanistan to the enemy as it rushed to exit the country,” the interim report said. “Its immediate effect was a dramatic loss in (Afghan troops’) morale.”
U.S. officials have said they were surprised by the quick collapse of the military and the government, prompting sharp congressional criticism of the intelligence community for failing to foresee it.
At a congressional hearing last week, senators questioned whether there is a need to reform how intelligence agencies assess a foreign military’s will to fight. Lawmakers pointed to two key examples: U.S. intelligence believed that the Kabul government would hold on for months against the Taliban, and more recently believed that Ukraine’s forces would quickly fall to Russia’s invasion. Both were wrong.
Military and defense leaders have said that the Afghanistan collapse was built on years of missteps, as the U.S. struggled to find a successful way to train and equip Afghan forces.
In a blunt assessment of the war, Gen. Mark Milley, chairman of the Joint Chiefs of Staff, told Congress last fall that the result was years in the making.
“Outcomes in a war like this, an outcome that is a strategic failure — the enemy is in charge in Kabul, there’s no way else to describe that — that is a cumulative effect of 20 years,” Milley said, adding that lessons need to be learned, including whether the U.S. military made the Afghans overly dependent on American technology in a mistaken effort to make the Afghan army look like the American army.
Indeed, in the end, the new report said that the Afghans were still heavily dependent on U.S. air support for strikes and emergency evacuations, and also on U.S. contractors to maintain and repair aircraft and other systems.
But all agree that the Doha agreement was a lynchpin in the collapse.
“The signing of the Doha agreement had a really pernicious effect on the government of Afghanistan and on its military — psychological more than anything else, but we set a date-certain for when we were going to leave and when they could expect all assistance to end,” Gen. Frank McKenzie told Congress last year.
McKenzie, who was then the top U.S. general in the Middle East and has since retired, argued to keep 2,500 U.S. troops there, as did Milley.
The Doha agreement, said the SIGAR report, led the Afghan population and its military to feel abandoned. And the Trump administration’s decision to limit U.S. airstrikes against the Taliban stopped any progress the Afghans were making, and left them unable and eventually unwilling to hold territory, it said.
According to the report, a former U.S. commander in Afghanistan said the U.S. built the Afghan army to rely on contractor support. “Without it, it can’t function. Game over,” the commander told SIGAR. “When the contractors pulled out, it was like we pulled all the sticks out of the Jenga pile and expected it to stay up.”
More broadly, the SIGAR report said that both the U.S. and Afghan governments “lacked the political will to dedicate the time and resources necessary to reconstruct an entire security sector in a war-torn and impoverished country.”
Neither side, it said, “appeared to have the political commitment to doing what it would take to address the challenges.” As a result, it said, the Afghan military couldn’t operate independently and never really became a cohesive force. | https://cw33.com/news/politics/ap-politics/watchdog-us-troop-pullout-was-key-factor-in-afghan-collapse/ | 2022-05-18T20:15:42Z |
NEW YORK, Sept. 7, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of MINISO Group Holding Limited.
Shareholders who purchased shares of MNSO during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CLASS PERIOD: This lawsuit is on behalf of persons or entities who purchased or otherwise acquired publicly traded MINISO securities pursuant and/or traceable to the registration statement and related prospectus issued in connection with MINISO's October 2020 initial public offering.
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) defendants and other undisclosed related parties owned and controlled a much larger amount of MINISO stores than previously stated; (2) as a result, MINISO concealed its true costs; (3) the Company did not represent its true business model; (4) defendants, including the Company and its chairman, engaged in planned unusual and unclear transactions; (5) as a result of at least one of these transactions, the Company is at risk of breaching contracts with People's Republic of China authorities; (6) the Company would imminently and drastically drop its franchise fees; and (7) as a result, defendant's statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
DEADLINE: October 17, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/miniso-group-holding-limited-loss-submission-form/?id=31381&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of MNSO during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is October 17, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm | https://www.mysuncoast.com/prnewswire/2022/09/07/shareholder-alert-gross-law-firm-notifies-shareholders-miniso-group-holding-limited-class-action-lawsuit-lead-plaintiff-deadline-october-17-2022-nyse-mnso/ | 2022-09-07T10:16:57Z |
NEW YORK, Sept. 8, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in MINISO Group Holding Limited ("MINISO" or the "Company") (NYSE: MNSO) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of MINISO investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons or entities who purchased or otherwise acquired publicly traded MINISO securities pursuant and/or traceable to the registration statement and related prospectus issued in connection with MINISO's October 2020 initial public offering. Follow the link below to get more information and be contacted by a member of our team:
MNSO investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) defendants and other undisclosed related parties owned and controlled a much larger amount of MINISO stores than previously stated; (2) as a result, MINISO concealed its true costs; (3) the Company did not represent its true business model; (4) defendants, including the Company and its chairman, engaged in planned unusual and unclear transactions; (5) as a result of at least one of these transactions, the Company is at risk of breaching contracts with People's Republic of China authorities; (6) the Company would imminently and drastically drop its franchise fees; and (7) as a result, defendant's statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
WHAT'S NEXT? If you suffered a loss in MINISO during the relevant time frame, you have until October 17, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP | https://www.mysuncoast.com/prnewswire/2022/09/08/mnso-lawsuit-alert-levi-amp-korsinsky-notifies-miniso-group-holding-limited-investors-class-action-lawsuit-upcoming-deadline/ | 2022-09-08T10:39:22Z |
SHENZHEN, China, June 29, 2022 /PRNewswire/ -- Global LED solutions manufacturer Absen, has announced that an historic milestone has been reached. The expansion plan for Absen's global partnership network has been a success and has reached the 1000 channel partner mark. The valued partnership network is a keystone of Absen's global architecture, and the success of the recruitment drive strengthens the company's leading position as LED innovations and technologies specialist and supports market growth.
The LED display market continues to experience exponential growth. LED display technology has set the standard as the preferred solution in every application, overtaking once-established, alternative technologies such as projection. Growth is driven by innovative technological developments such as the current Micro and Mini-LED technology. As Micro and Mini-LED becomes more widespread, new technologies advance and continue to drive demand in the global LED industry.
Absen's commitment to increase its global partnership reach with the expansion of its overseas channels, is directly supportive of the industry's exponential growth.
Absen already operates in over 130 regions, covering domestic and overseas markets with a team of over 2,000 employees and representatives who are responsible for the completion of over 50,000 projects to date.
From the company's beginning in 2001, Absen began to build its network. With two decades in the LED industry, Absen has an impressive set of established global partnerships and is committed to working alongside businesses with a similar ideology, vision and drive to its own.
Absen's channel policy is built upon a healthy and effective cooperation environment, profitability, quality and service, and the commitment and ability to think globally whilst acting locally.
Laura Luo, Absen's Head of Global Markets, said, "Enterprises choose to join Absen as valued partners because of the brand reputation, the organisation, the product quality, and the channel policy, amongst other things."
"In turn, we have looked for and found partners who share the business ideologies that we, as a company, feel very strongly about. Supporting growth sustainably will be a collective effort we are committed to taking forward with our new partners."
Sustainability is one of the core values, alongside honesty, gratitude and responsibility, to which Absen attributes its two decades of success as market leaders.Over the past five years, Absen has made huge strides in its sustainability and energy conservation commitments, reducing carbon emissions by approximately 700,000 tons in that time.
Looking to the future, the new high caliber partners will be trained, guided and supported by the extensive knowledge of the Absen team in an environment of trust, and will fully benefit from the opportunities LED presents to the global market.
Meanwhile, Absen's capacity to nurture new partnerships continues. The LED manufacturer is committed to the growth of its global network so that its passion for sustainable innovation in LED can be appreciated across the globe through like-minded LED integration companies and ultimately the end users themselves.
Absen welcomes new valued channel partners now and in the future.
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SOURCE Absen | https://www.kxii.com/prnewswire/2022/06/30/absen-reaches-an-historic-milestone-signing-1000-global-channel-partners/ | 2022-06-30T03:31:40Z |
In this photo provided by China's Xinhua News Agency, fallen rocks are seen on a road near Lengqi Town in Luding County of southwest China's Sichuan Province on September 5.
A 6.6-magnitude earthquake with a depth of 6 miles was reported southwest of Sichuan's capital Chengdu close to 1 p.m. local time on September 5, the United States Geological Survey reported.
In this photo provided by China's Xinhua News Agency, fallen rocks are seen on a road near Lengqi Town in Luding County of southwest China's Sichuan Province on September 5.
Xinhua/AP
A 6.6-magnitude earthquake with a depth of 6 miles was reported southwest of Sichuan's capital Chengdu close to 1 p.m. local time on September 5, the United States Geological Survey reported.
At least 46 people have died after an earthquake hit China's southwestern Sichuan province on Monday, according to an update from Chinese broadcaster CCTV on Monday.
A 6.6-magnitude earthquake with a depth of 10 kilometers (6 miles) was reported southwest of Sichuan's capital Chengdu close to 1 p.m. local time on Monday, the United States Geological Survey (USGS) reported.
The quake's epicenter was about 43 kilometers (27 miles) southeast of Kangding, a city of around 100,000 people, according to the USGS.
At least 50 people were also injured and 16 other remain missing, CCTV reported.
Over a million residents in surrounding areas are estimated to have experienced moderate tremors in the aftermath of the quake, it added.
China activated a Level 3 emergency response and dispatched rescue workers to Luding County near the epicenter, according to China's State Council. Chinese broadcaster CGTN said rescue workers were helping to clear roads blocked by landslides triggered by the quake.
Sichuan, a province of 84 million people, was already facing a very challenging summer before the powerful quake. In the last two months, the province has endured drought and its worst heatwaves in 60 years.
The landlocked area is prone to earthquakes because of the Langmenshan Fault which runs through Sichuan's mountains.
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VANCOUVER, BC, June 28, 2022 /PRNewswire/ - CubicFarm® Systems Corp. ("CubicFarms" or the "Company") (TSX:CUB), a leading local chain agricultural technology company, today announced that it has entered into agreements with NTE Discovery Park Ltd. ("NTE Discovery Park") for the purchase of 26 CubicFarm System modules at a sale price of CAD$4.4 million, the manufacturing of those initial 26 modules, as well as the future manufacturing of major components for contracts within North America.
At Discovery Park, a former pulp mill located in Campbell River, British Columbia ("B.C."), NTE Discovery Park will operate the manufacturing and fabrication of the cold-formed steel framing for modular construction of the CubicFarm System modules. The CubicFarm System controlled environment agriculture ("CEA") technology grows commercial scale amounts of fresh produce in modular, food-grade steel systems using the Company's proprietary Crop Motion Technology™ moving plants throughout the system using less water, land, energy, and labour.
CubicFarms has signed an agreement with NTE Discovery Park to purchase an initial 26 CubicFarm System indoor growing modules, which will be installed at Discovery Park in Campbell River, B.C., with the intention to expand with the sale and manufacturing of an additional 100 modules in the near future. NTE Discovery Park is committed to repurposing existing facilities and evaluating sustainable initiatives to ignite a circular economy, localize food production, and reinvigorate local labour with jobs in the community.
"We're excited about operating the CubicFarm System and diversifying our operations by manufacturing major hardware components, installing CubicFarms' impressive indoor farming technologies, and localizing fresh produce for communities in B.C.," said John Tang, Chief Executive Officer, NTE Discovery Park. "Building and operating vertical farms in Western Canada has a dual purpose of providing communities with better access to delicious fresh food year-round without importing 90% of it over long distances, thereby reducing the carbon footprint of food delivered to consumers. We are also providing new jobs with the ongoing manufacturing of CubicFarm System modules for installation across Canada and North America. We were impressed by the CubicFarm System's lower energy usage compared to other vertical farms, and we're proud to use power sourced BC Hydro with a hydroelectric dam located 4 kilometres from the site."
As the Company's North American manufacturing partner, NTE Discovery Park will be manufacturing major hardware components for CubicFarms. Supply chain delays have impacted the Company's delivery and installation of CubicFarm System modules during the ongoing global pandemic. This new manufacturing agreement with NTE Discovery Park will mitigate supply chain constraints and allow increased efficiencies and new Farmer Partner installations for larger commercial scale commitments.
"We're honoured to partner with NTE Discovery Park and parent company New Times Energy Limited in manufacturing CubicFarm Systems," said Dave Dinesen, Chief Executive Officer, CubicFarms. "The visionary leaders of this successful, international company are aligned on the importance of all the ways we can localize food production and improve food security in Canada. This manufacturing agreement for hardware made in Canada is in addition to the Company's existing manufacturing facilities in China, allowing CubicFarms to meet increasing demand for our technology and leading CEA platform."
New Times Discovery Park Ltd. is 100% owned by New Times Energy Corporation Limited ("NTE"), a Hong Kong-based company listed on the Hong Kong Stock Exchange (stock code: 0166.HK). NTE is an international resource company that operates natural gas weighted assets in Alberta and B.C. and is taking steps to transform its business model into clean and sustainable energy, in its effort to be a part of the global "Energy Transition" that is underway, with social responsibility towards the environment and climate change at the forefront.
CubicFarms is a leading local chain agricultural technology company developing and deploying technology to feed a changing world. Its proprietary ag-tech solutions enable growers to produce high quality, predictable produce and fresh livestock feed with HydroGreen Nutrition Technology, a division of CubicFarm Systems Corp. The CubicFarms™ system contains patented technology for growing leafy greens and other crops onsite, indoors, all year round. CubicFarms provides an efficient, localized food supply solution that benefits our people, planet, and economy.
For more information, please visit www.cubicfarms.com.
On behalf of the Board of Directors
"Dave Dinesen"
Dave Dinesen, Chief Executive Officer
This release may contain certain "forward-looking statements" or "forward-looking information" under applicable securities laws. Forward-looking terms such as "may," "will," "could," "should," "would," "plan," "potential," "intend," "anticipate," "project," "target," "believe," "plan," "outlook," "estimate," or "expect" and other words, terms and phrases of similar nature are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are based on certain key expectations and assumptions made by the Company including but not limited to statements with respect to expected revenue recognition and completion of the sale, manufacturing and installation of the 26 CubicFarm System modules, the intention of NTE Discovery Park to purchase an additional 100 modules, and future manufacturing of module components by NTE Discovery Park for contracts within North America. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct.
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SOURCE CubicFarm Systems Corp. | https://www.mysuncoast.com/prnewswire/2022/06/28/cubicfarms-announces-44m-cubicfarm-system-sale-north-american-manufacturing-agreement/ | 2022-06-28T12:02:05Z |
Creating authoritative elevation data for Colombia's national mapping agency
Phase 2 is 2.7x bigger than Phase 1
Phase 3 award is the result of Intermap's performance providing exquisite data with speed
DENVER, June 6, 2022 /PRNewswire/ - Intermap Technologies (TSX: IMP) (OTCQX: ITMSF) ("Intermap" or the "Company"), a global leader in geospatial content development and intelligence solutions, today announced it has been awarded two more contracts with the Instituto Geofráfico Agustín Codazzi (IGAC) to provide digital terrain models (DTMs) to support the Colombian government's management of natural resources. Total contracts awarded under the Task Orders announced today, which will be completed within the next 30 days, exceed $660,000.
Working in partnership with Grupo GeoSpatial S.A.S. ("GeoSpatial"), Intermap is proud to support Colombia's national mapping program and to announce the award of our second and third contracts for high-resolution NEXTMap® digital terrain models. The project area covers 38 high-priority municipalities as well as the area of the Paramillo and Puinawai national natural parks. The second phase contract award is 2.7x larger than the Phase 1 contract. The third phase contract was awarded at the same time as a result of Intermap's performance providing exquisite data with speed.
IGAC will use the new high-resolution DTM to support the national government's management of natural resources, especially water and forestry. The contract area is composed of environmentally protected and environmentally strategic areas containing mountainous rainforest, which is challenging terrain to map accurately due to the difficulty of measuring the ground beneath trees and on steep slopes. In addition to elevation data, hydrology vectors will be delivered in the local geodetic reference frame and all data will meet the rigorous technical specifications issued in IGAC's Technical Resolutions.
Prior to these three phases of Colombia's National Mapping Initiative, it was challenging to collect and process digital terrain data over Colombia's diverse terrain. Elevation data was often collected from project to project, leaving gaps in coverage. Data was also collected with different sensors depending on the needs of projects, producing differences in precision, quality and data specifications. Intermap's elevation data collection and processing expertise provides the IGAC with high-resolution DTMs that are consistent in precision, quality and data specification across all municipalities and areas of interest.
"Intermap's NEXTMap DTM data provides unique value to Colombia's national spatial data infrastructure, enabling the characterization of terrain, enhanced hydrological modeling and risk management," said William Aymard, GeoSpatial's Vice President.
"The multipurpose cadastre program is an opportunity to solve numerous problems related to land management, and a critical planning and information tool to promote the organization, productive use and the proper governance of the nation's territory," said Patrick A. Blott, Intermap's Chairman and CEO. "We are proud to be a part of the solution and look forward to future opportunities in Colombia and around the world."
To learn more about Intermap's government solutions and contracts, visit www.intermap.com/government-regulated-industries.
Certain information provided in this news release constitutes forward-looking statements. The words "anticipate", "expect", "project", "estimate", "forecast", "will be", "will consider", "intends" and similar expressions are intended to identify such forward-looking statements. Although Intermap believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of known and unknown risks and uncertainties. Intermap's forward-looking statements are subject to risks and uncertainties pertaining to, among other things, cash available to fund operations, availability of capital, revenue fluctuations, nature of government contracts, economic conditions, loss of key customers, retention and availability of executive talent, competing technologies, common share price volatility, loss of proprietary information, software functionality, internet and system infrastructure functionality, information technology security, breakdown of strategic alliances, and international and political considerations, as well as those risks and uncertainties discussed Intermap's Annual Information Form and other securities filings. While the Company makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that the Company will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to Intermap or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements made herein, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.
Founded in 1997 and headquartered in Denver, Colorado, Intermap (TSX: IMP) (OTCQX: ITMSF) is a global leader in geospatial intelligence solutions. The Company's proprietary 3D NEXTMap® elevation datasets and value-added geospatial collection, processing, analytics, fusion and orthorectification software and solutions are utilized across a range of industries that rely on accurate, high-resolution elevation data. Intermap helps governments build authoritative geospatial datasets and provides solutions for base mapping, transportation, environmental monitoring, topographic mapping, disaster mitigation, smart city integration, public safety and defense. The Company's commercial applications include aviation and UAV flight planning, flood and wildfire insurance, environmental and renewable energy planning, telecommunications, engineering, critical infrastructure monitoring, hydrology, land management, oil and gas and transportation. For more information, please visit www.intermap.com.
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SOURCE Intermap Technologies Corporation | https://www.kxii.com/prnewswire/2022/06/06/intermap-wins-two-more-contracts-national-mapping-initiative-colombia/ | 2022-06-06T12:55:34Z |
The latest of several recent awards from NRL in India, demonstrating superior performance of technologies and customer confidence
HOUSTON, July 18, 2022 /PRNewswire/ -- Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced a recent contract award from Numaligarh Refinery Ltd. (NRL). The award is for a new 360 KTA polypropylene (PP) unit using Novolen® technology at NRL's refinery in Golaghat, Assam, India. Lummus' scope includes the technology license, basic design engineering, training, technical services and catalyst supply.
"We are honored to continue supporting NRL's business and are grateful for their confidence in Lummus' technologies," said Leon de Bruyn, President and Chief Executive Officer of Lummus Technology. "Novolen is currently the industry's most-licensed polypropylene technology throughout the world, including in India. This leading position is the result of continuous innovation and our customer commitment to provide technologies and solutions that yield maximum profitability, performance, and product quality and flexibility."
In 2021, NRL licensed Indmax FCC technology from Lummus and LC-FINING technology from Chevron Lummus Global, a joint venture between Chevron and Lummus.
Lummus Novolen Technology GmbH licenses the industry leading Novolen® PP technology and provides engineering, technical support and advisory services to the hydrocarbon processing industry. The Novolen portfolio includes NPM™ advanced process controls system, PPConnect™ digital data analysis platform and Lummus O3S™ operator training simulator. Novolen technology includes NEON® low volatile extrusion equipment and components, and Novolen ComPPact® process reactors, which can be used by implementing the proprietary VRC® reactor system, allowing for maximum product range and capacity flexibility. Catalysts are available to licensees to produce high-performance and special PP grades and include Novolen CirPPlus™ recycled polymers, Novolen Enhance™ performance polymers, PPure™ polymers and Novocene® metallocene catalysts.
Lummus Technology is the global leader in developing process technologies that make modern life possible and focus on a more sustainable, low carbon future. Lummus is a master licensor of clean energy, petrochemical, refining, gas processing and renewable technologies, and a supplier of catalysts, proprietary equipment, digitalization and related lifecycle services to customers worldwide. To learn more about Lummus, visit www.LummusTechnology.com.
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SOURCE Lummus Technology, LLC | https://www.wibw.com/prnewswire/2022/07/18/nrl-selects-lummus-novolen-technology/ | 2022-07-18T14:53:29Z |
NYRA suspends Baffert 1 year; eligible to return in January
(AP) – The New York Racing Association suspended trainer Bob Baffert for one year Thursday for repeated medication violations.
A panel credited Baffert for time served from an initial suspension that makes the two-time Triple Crown-winner eligible to saddle horses in New York again Jan. 26. The final decision marks the end of a protracted back and forth about Baffert’s status in the state that began in May 2021.
“This was an impartial and deliberative process that has resulted in a lengthy suspension of the sport’s most prominent trainer,” NYRA President and CEO Dave O’Rourke said in a statement. “However, this is not simply about Bob Baffert or any one individual but about protecting the integrity of the sport here in New York. Today’s decision advances that goal.”
The ban is shorter than the two years Churchill Downs sidelined Baffert after Kentucky Derby winner Medina Spirit tested positive for a substance that is not allowed on race day. Retired New York State Supreme Court Justice O. Peter Sherwood, who was serving as the NYRA hearing officer, previously recommended a two-year suspension.
Baffert’s camp asked for a stay of the NYRA suspension that was immediately denied. A message seeking comment from Baffert or his attorney was not immediately returned.
The panel’s decision cannot be appealed through NYRA’s process, which was developed last year after Baffert successfully sued in federal court to get his initial suspension in the state of New York lifted. Baffert is also fighting in federal court against the Churchill Downs ban that made him ineligible to run horses in the Derby in 2022 and ‘23.
Under the terms of the suspension agreed to by the panel made up of Saratoga attorney John J. Carusone, New York Thoroughbred Horsemen’s Association executive director Will Alempijevic and New York Race Track Chaplaincy of America leader the Rev. Humberto Chavez, Baffert would be able to be a part of the Belmont Stakes next year.
The panel in its 14-page ruling disagreed with Sherwood over the matter of Baffert “doping” his horses, saying, “The drugs for which use Baffert was cited in three jurisdictions are allowed and commonly used but are nevertheless performance enhancing in the sense that they may suppress injuries and may allow the horse to perform at a normal level in spite of the injury if they are found to be at a level above the allowable threshold.”
Medina Spirit tested positive for the corticosteroid betamethasone, which is not allowed in Kentucky on race day, and was later disqualified. The colt finished third in the Preakness two weeks after the Derby.
Medina Spirit collapsed and died in December in California. An exam found no definitive cause of death.
Baffert-trained Cruel Intention, Eclair, Charlatan, Gamine and Merneith also tested positive for a substance not allowed at that level on race day. Those violations occurred in California, Arkansas or Kentucky; none happened in New York.
Baffert, 69, is a Hall of Fame trainer who has become the face of the sport. He won the Triple Crown twice: in 2015 with American Pharoah and in 2018 with Justify.
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More AP sports: https://apnews.com/hub/apf-sports and https://twitter.com/AP_Sports
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/06/23/nyra-suspends-baffert-1-year-eligible-return-january/ | 2022-06-23T23:56:24Z |
The EH-NA2C-W provides salon-quality heat styling and is a compact, travel-size version of the popular Panasonic nanoe™ Hair Dryer (EH-NA67-W)
NEWARK, N.J., Aug. 1, 2022 /PRNewswire/ -- Today, Panasonic furthered its 80-year legacy of hair dryer innovation with the release of the Panasonic nanoe™ Travel Hair Dryer (EH-NA2C-W), an ideal hair styling tool for anyone who is searching for salon-quality heat styling but has limited storage space at home or travels frequently. The EH-NA2C-W includes the brand's patented nanoe™ technology and an oscillating quick-dry nozzle that work together to hydrate, protect, and efficiently dry hair. Its compact, ergonomic design allows for a comfortable fit in-hand and can fold in half for hassle-free storage at home or to be packed for travel.
The EH-NA2C-W uses patented nanoe™ technology that draws moisture from the air to create tiny, moisture-rich particles that are small enough to penetrate hair shafts. These particles are almost 1,000 times more moisture-packed than the general negative ions used by most modern-day hair dryers. The extra moisture provided by nanoe™ helps protect hair against damage from everyday styling and brushing1, while also enhancing smoothness and shine2 and suppressing static electricity.
Similar to the full-size Panasonic nanoe™ Hair Dryer (EH-NA67-W), the Panasonic nanoe™ Travel Hair Dryer comes with an oscillating quick-dry nozzle that delivers strong and soft airflows and automatically moves to prevent hot spots and evenly distribute the nanoe™ technology for faster, gentler hair drying. The nozzle can be removed and re-attached at any time, depending on the user's hair drying needs.
Additionally, the travel-sized hair dryer features light-touch, smooth-sliding switches that can easily adjust the airflow settings to high, medium or cool.
The Panasonic nanoe™ Travel Hair Dryer (EH-NA2C-W) is available on Amazon for $99.99.
1 As demonstrated in a bundled hair brushing test. Test results by Intertek.
2 According to a consumer study. Tests performed by Intertek Group.
Newark, NJ-based Panasonic Corporation of North America is a leading provider of Consumer Lifestyle technologies, as well as innovative Smart Mobility, Sustainable Energy, Immersive Experiences, and Integrated Supply Chain solutions. The company is the principal North American subsidiary of Osaka, Japan-based Panasonic Holdings Corporation. One of Interbrand's Top 100 Best Global Brands of 2021, Panasonic is a leading technology partner and integrator to businesses, government agencies and consumers across the region. Learn more about Panasonic's ideas and innovations at na.panasonic.com/us
Panasonic North America Social Handles:
Instagram: https://www.instagram.com/panasonic
Twitter: https://twitter.com/PanasonicNA
Facebook: https://www.facebook.com/Panasonic
LinkedIn: https://www.linkedin.com/company/panasonic-northamerica
YouTube: https://www.youtube.com/panasonicusa
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SOURCE Panasonic Corporation of North America | https://www.kxii.com/prnewswire/2022/08/01/panasonic-releases-new-nanoe-hair-dryer-designed-travel-small-spaces/ | 2022-08-01T14:34:30Z |
NEW YORK (AP) — The Metropolitan Opera and the Polish National Opera are organizing a Ukrainian Freedom Orchestra to tour Europe and America from July 28 to Aug. 20.
The orchestra is to gather in Warsaw on July 18 for rehearsals, and will include musicians from Kyiv, Lviv, Kharkiv and Odesa, plus Ukrainian members of European orchestras, the companies said Monday.
Keri-Lynn Wilson, a Canadian-Ukrainian conductor who is married to Met general manager Peter Gelb, will lead musicians who include members of the Kyiv National Opera, National Symphony Orchestra of Ukraine, Lviv Philharmonic Orchestra and Kharkiv Opera, plus the Tonkunstler Orchestra of Vienna, the Belgian National Orchestra and the Royal Concertgebouw Orchestra.
The tour will open at Teatr Wielki, the Polish National Opera, on July 28 and include a televised performance at the BBC Proms in London on July 31. That will be followed by stops at the Chorégies d’Orange Festival in France (Aug. 2); Berlin (Aug. 4); Edinburgh, Scotland (Aug. 6); Snape Maltings in England (Aug. 8); Amsterdam (Aug. 11); Hamburg, Germany (Aug. 13); New York (Aug. 18 and 19), and Washington (Aug. 20).
Programs will include Ukrainian composer Valentin Silvestrov’s Seventh Symphony, Chopin’s Piano Concerto No. 2 with Ukrainian Anna Fedorova, either Brahms’ Fourth Symphony or Dvorák’s Ninth Symphony, and Ukrainian soprano Liudmyla Monastyrska in “Abscheulicher! (You monster!)” from Beethoven’s “Fidelio.”
The Met and Teatro Weikl co-produced stagings of Tchaikovsky’s “Iolanta” and Bartók’s “Bluebeard’s Castle” in 2015, and of Wagner’s “Tristan und Isolde” in 2016. | https://cw33.com/entertainment-news/ap-entertainment/ukrainian-freedom-orchestra-organized-by-met-polish-operas/ | 2022-04-26T23:06:02Z |
SAN MATEO, Calif., May 25, 2022 /PRNewswire/ -- EvoNexus, California's premier non-profit technology incubator in San Diego and Silicon Valley, is seeking new applicants, following a successful two years since the launch of the Silicon Valley FinTech Incubator in San Mateo, with Royal Bank of Canada (RBC) and founding sponsor Franklin Templeton. Early-stage companies in the incubator have access to unprecedented collaboration opportunities and funding. Applications are evaluated on a rolling basis by key stakeholders at these entities.
Since the EvoNexus FinTech Incubator launched in 2019, 17 FinTech startups have benefited from directly involvement with Franklin Templeton and/or RBC experts. In 2021, EvoNexus portfolio companies, raised over $530 million and saw $1 billion across 7 exits. 15% of companies that join EvoNexus exit via merger or acquisition, and 85% achieve venture capital funding.
Alongside EvoNexus, Franklin Templeton and RBC consider startups, focused on, but not limited to, the broad applications of cryptocurrency (from storage to payments to asset tokenization), the NFT landscape, driving ESG-minded investment decisions, democratizing access to traditionally hard-to-enter asset classes, protecting assets through innovative cybersecurity measures, and utilizing AI to make smarter and more timely investment decisions.
"Our 3-year partnership launching the fintech incubation program with Franklin Templeton and EvoNexus in California, has yielded significant value through introductions to early-stage ventures that would have otherwise not appeared on our radar screen," states Eddy Ortiz, VP of Innovation & Solution Acceleration at RBC. "The EvoNexus incubation program provides startups with the tools they need to engage with RBC in areas of interest that matter to us."
"Startups benefit from Franklin Templeton's expertise in running and scaling a global asset management business. Additionally, they can learn a lot from our experience with the regulatory environment," said Joe Boerio, EVP, Chief Risk & Transformation Officer at Franklin Templeton. "Conversely, we learn from the startups, gaining understanding of their new methods, techniques and abilities to approach a market in a very different way."
The Silicon Valley FinTech Incubator sits on the San Mateo campus of Franklin Templeton. Franklin Templeton provides startups in this incubator a minimum of $150,000 (SAFE) in seed funding.
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 88,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank, and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.
We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.
About Franklin Templeton
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 155 countries. Franklin Templeton's mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers boutique specialization on a global scale, bringing extensive capabilities in equity, fixed income, multi-asset solutions and alternatives. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has 75 years of investment experience and approximately $1.5 trillion in assets under management as of March 31, 2022. For more information, please visit franklinresources.com.
About EvoNexus
CONTACT: Eugenia Wilson, Ewilson@evonexus.org
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SOURCE EvoNexus | https://www.mysuncoast.com/prnewswire/2022/05/25/evonexus-royal-bank-canada-franklin-templeton-collaborate-silicon-valley-fintech-incubator-call-new-early-stage-start-up-applicants/ | 2022-05-25T13:09:14Z |
A look at what’s happening around the majors on Tuesday:
___
WELCOME BACK
Padres right-hander Mike Clevinger is set to pitch in the majors for the first time since recovering from his second Tommy John surgery.
He’ll be back on a familiar mound, too. Clevinger will start against the Guardians at Progressive Field — he began his big league career with Cleveland in 2016 and excelled there until being dealt to San Diego before the 2020 trade deadline.
The 31-year-old Clevinger last pitched in the 2020 NL Division Series, starting Game 1 against the Dodgers and getting pulled after one scoreless inning. He missed last season after having elbow surgery.
Clevinger has made three starts in the minors this year with a 2.08 ERA. A friend of his, Zach Plesac, pitches for Cleveland against him.
OHTANI OPTIMISM
Angels star Shohei Ohtani could pitch at Boston later this week, manager Joe Maddon says.
Ohtani was held out of the starting lineup Monday, a day after the AL MVP exited because of tightness in his groin. He grounded out as a pinch-hitter in a 3-0 loss to the White Sox in Chicago.
Angels trainer Mike Frostad said Ohtani was “doing better this morning” and there were currently no plans for an MRI or to put the two-way sensation on the injured list.
Los Angeles opens a three-game series at Boston. Ohtani has played seven games at Fenway Park, going 10 for 30 with two home runs at the plate.
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HE’S AVAILABLE
Mets second baseman Robinson Canó has been cut with nearly $45 million remaining on his contract, leaving his future in doubt at 39.
The slumping Canó was designated for assignment in a move announced Monday about an hour before teams were required to trim their active rosters from 28 players to 26. He sat out last season while serving his second suspension for performance-enhancing drugs and was relegated to a part-time role this year.
Canó was batting .195 with one homer, three RBIs and a paltry .501 OPS in 43 plate appearances.
New York has seven days to trade or release Canó, or send him outright to the minors — an assignment he would have the right to refuse. It’s highly unlikely another club would claim Canó on waivers because it would be responsible for his full salary. But if he’s released by the Mets, a team could sign him for a prorated share of the $700,000 minimum this season and also pay the $710,000 minimum in 2023.
ROOKIE POWER
The Kansas City Royals have called up catcher MJ Melendez, who led the minors with 41 home runs last year.
The 23-year-old catcher had a combined 103 RBIs and a 1.011 OPS in Triple-A and Double-A last season. He’s never played in the majors.
The Royals made the roster move after Cam Gallagher, who backs up All-Star catcher Salvado Perez, was put on the 10-day injured list because of a strained left hamstring. Gallagher will be out for an undetermined amount of time.
Kansas City lost its fourth in a row Monday, 1-0 at St. Louis in a makeup of a rainout last month. The Royals have dropped 21 of their last 28 to St. Louis dating to Aug. 7, 2017 — this I-70 interleague series now switches to the other side of Missouri for two games.
___
More AP MLB: https://apnews.com/hub/MLB and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/leading-off-padres-clevinger-back-after-2nd-tj-surgery/ | 2022-05-03T11:16:29Z |
CANTON, Mich., June 1, 2022 /PRNewswire/ -- Fraza, an end-to-end material handling solutions provider headquartered in southeastern Michigan, today announces the promotion of Scott Stoy to Chief Financial Officer, effective immediately. Stoy previously held the role of Vice President of Finance and has been with the company since 2020. He reports to Chief Executive Officer, Roger Runyan.
As CFO, Stoy will continue to focus on operational support, strong financial and accounting controls, and long-term strategy. His knowledge and experience will guide the company as it continues to grow.
"This well-deserved promotion recognizes the invaluable contributions Scott has made to Fraza during his tenure with us, including guiding us through the early days of the pandemic," said Roger Runyan, CEO. "We've become a stronger, more fiscally responsible organization under his leadership. I look forward to new levels of growth with Scott's continued guidance and strategic planning."
"We have a strong team here at Fraza and I'm grateful for this opportunity." said Stoy. "Working closely with our leadership, I'm excited to drive profitable growth and continue focusing on the financial health of the company. This will ensure that our customers always receive the best service possible."
Stoy holds a Bachelor of Arts degree in Economics and Management from Albion College and has completed graduate coursework at the University of Michigan – Dearborn. His previous roles include Finance Director at Flint Group Packaging and various finance and operational leadership positions with Federal-Mogul Corporation (Tenneco).
Fraza is southeast Michigan's fastest growing material handling and facilities management provider, committed to providing its clients excellent customer service, experienced technicians, and the industry's most advanced technology. Fraza offers new and used equipment; parts and service for any make or model of material handling equipment; dock and door products and service; rentals; related warehouse and industrial supplies; batteries and chargers; and operator training. In business since 1938, Fraza has four full-service locations in Canton, Sterling Heights, Bridgeport, and Grand Rapids. Learn more at frazagroup.com, Facebook, and LinkedIn.
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SOURCE Fraza | https://www.kxii.com/prnewswire/2022/06/01/fraza-announces-promotion-scott-stoy-cfo/ | 2022-06-01T16:59:54Z |
Lawsuit over Idaho transgender athlete ban likely to proceed
BOISE, Idaho (AP) — A lawsuit challenging Idaho’s ban on transgender athletes in women’s sports will likely move forward after both sides agreed the woman who sued is again enrolled at Boise State University.
Idaho in 2020 became the first state in the nation to ban transgender women and girls from playing on women’s sports teams in public schools.
Several states have followed suit, and the lawsuit from Lindsay Hecox could set precedent for whether such policies violate federal anti-discrimination rules.
Last year the case stalled after Hecox withdrew from Boise State University.
On Wednesday attorneys on both sides agreed she had re-enrolled, was playing soccer and hopes to make the cross-country team. | https://localnews8.com/news/idaho/2022/04/14/lawsuit-over-idaho-transgender-athlete-ban-likely-to-proceed-4/ | 2022-04-14T22:44:17Z |
Not just happy to be going to Qatar, Canada aims to compete
By ANNE M. PETERSON
AP Sports Writer
Canada is included in Group F for the opening stage of the World Cup in Qatar with Belgium, Morocco and Croatia. Canada will face Belgium in its opener on Nov. 23. With a star-studded roster that includes Romelu Lukaku and Eden Hazard, Belgium is ranked No. 2 in the world. Croatia played in the final in Russia but fell to France for the trophy. Morocco is No. 24. Canada is the lowest-ranked team of the group at No. 38. | https://localnews8.com/sports/ap-national-sports/2022/04/01/not-just-happy-to-be-going-to-qatar-canada-aims-to-compete/ | 2022-04-02T01:15:29Z |
SAN ANTONIO, July 14, 2022 /PRNewswire/ -- Allcat Claims Service ("Allcat") is pleased to announce the promotion of Sid Carr to Chief Executive Officer effective immediately. Mr. Carr has been President of Allcat since 2012 and his promotion coincides with Bart Hutton transitioning to Chairman of the Company.
During his tenure as President, Allcat experienced unprecedented growth, including the addition of over 400 desk adjusters serving several marquee insurance companies and a financial partnership with Trive Capital and Valedor Partners. In his role as CEO, Mr. Carr will lead Allcat's management team in all strategic and operational growth areas. The breadth and reach of Allcat's claim adjusting ability coupled with a dedicated team of adjusters has positioned the company to serve customers across all lines of property and casualty business.
Prior to his roles at Allcat, Mr. Carr was Vice-President, North Highland, and a Principal at A.T. Kearney. He holds a bachelor's degree from Texas A&M University and an MBA from the Kellogg School of Management at Northwestern University.
"Sid has been an important part of Allcat's growth and leadership since 2012 and I can't think of another person more suited to take over as CEO," Mr. Hutton said. "Sid knows our Company inside and out, is passionate about the claims adjusting business, and is the strategic leader needed for the next step in our evolution."
Mr. Carr's promotion demonstrates Allcat's ongoing commitment to claims adjusting excellence, company growth, and continued development of a world class management team. For more information on Allcat, please visit www.allcatclaims.com.
Allcat Claims Service was formed in 2000 by a group of independent adjusters who believed there was a place in the claims industry for a fresh approach. The ownership believed the new ideas and experience each brought to the new company would provide unparalleled service to its clients. Allcat Claims Service places a premium on quality control, quality adjusters, and staying ahead of the technology changes. Most importantly, we pride ourselves on handling claims professionally and ethically. Allcat Claims Service can handle all insurance claims needs providing solutions for personal and commercial lines field inspections as well as end-to-end desk services for property, auto, flood and large loss claims. Our commitment to "Raising the Bar" has allowed us to grow our client and adjuster relationships over the years into something special.
Trive Capital is a Dallas, Texas based private equity firm with more than $4 billion of regulatory assets under management. Trive focuses on investing equity and debt in what it sees as strategically viable middle-market companies with the potential for transformational upside through operational improvement. We seek to maximize returns through a hands-on partnership that calls for identifying and implementing value creation ideas.
Valedor is a Houston-based private investment firm with additional offices in Burlingame, CA and Washington, D.C. Since 2020, Valedor has invested approximately $100 million on a deal-by-deal basis across venture and private equity opportunities. Valedor uses its principals' diverse skill sets and decades of experience as founders, investors, and C-level executives in the pursuit of long-term value for its limited partners.
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SOURCE Allcat Claims Service | https://www.wibw.com/prnewswire/2022/07/14/allcat-claims-service-promotes-sid-carr-ceo/ | 2022-07-14T17:36:49Z |
Daunte Wright’s mother briefly detained after recording traffic stop
BROOKLYN CENTER, Minn. (AP) — The mother of Daunte Wright, who was fatally shot by a suburban Minneapolis police officer, said she was injured while she was briefly detained by one of the same department’s officers after she stopped to record an arrest of a person during a traffic stop.
Katie Wright said Thursday she was worried about what the Brooklyn Center officers might do to the person being handcuffed when she pulled over on Wednesday night. In April 2021, her 20-year-old son, who was Black, was killed during a traffic stop by Kim Potter, a white officer who said she confused her handgun for her Taser.
“All I was doing was my civic duty to pull over and make sure that those babies got home safe to their families because I don’t want what happened to me to happen to any other families,” Wright said.
The Associated Press left a message Friday asking whether the officer involved would face discipline.
Brooklyn Center police released body camera video that shows an officer crossing several lanes of traffic on Highway 252 and asking Wright for her driver’s license. Wright refused, telling the officer she didn’t need to show him her license because she hadn’t been pulled over.
The officer then pulled her out of her vehicle, took her phone and placed it on the roof of her car before leading her toward a grassy median while holding her arm behind her back. Wright said the officer grabbed her so forcefully that he injured her wrist.
Wright told him her name and said “you guys killed my son. I’m going to videotape them,’’ gesturing to the other officers. The officer told Wright he would send her a ticket in the mail and both returned to their vehicles.
Brooklyn Center police union President Chuck Valleau praised the officer for what he called a “professional response and restraint during the incident.”
Along with the video, the Brooklyn Center police department released a statement that said the footage was released “in an effort to promote public safety and dispel widespread rumor or unrest.”
Potter shot Daunte Wright as former Minneapolis police officer Derek Chauvin ‘s trial was getting underway last year in the killing of George Floyd and tensions were high in the area. Wright’s death sparked several nights of protests in Brooklyn Center and revived painful memories of the sometimes violent unrest that erupted after Floyd’s death in May 2020.
Potter, who resigned following the shooting, was convicted in December of manslaughter and sentenced this year to two years in prison.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/05/06/daunte-wrights-mother-briefly-detained-after-recording-traffic-stop/ | 2022-05-06T19:16:28Z |
CAMDEN, N.J., May 25, 2022 /PRNewswire/ -- Cooper University Health Care ("Cooper"), a health system that provides treatment to its patients throughout South Jersey and the Delaware Valley, has learned of a data security incident that may have impacted data belonging to current and former Cooper patients. Cooper has sent notification of this incident to potentially impacted individuals and has provided resources to assist them.
On December 13, 2021, Cooper learned of unusual activity involving an employee's email account. Upon discovering this activity, Cooper immediately launched an investigation with the assistance of independent cybersecurity experts to determine what happened and identify whether personal / protected health information had been accessed or acquired without authorization. Cooper also took steps to secure all employee email accounts.
The investigation revealed that an employee email account had been accessed without authorization sometime on or before November 24, 2021. Cooper then launched a comprehensive review of the contents of the email account. On May 10, 2022, Cooper learned that some individuals' personal and protected health information may have been contained therein. Cooper thereafter worked diligently to gather up-to-date contact information needed to notify all potentially affected individuals.
At this time, Cooper has no evidence that any of the potentially affected information was accessed, disclosed, or misused as a result of this incident. However, beginning on May 24, 2022, Cooper notified all potentially affected individuals. In doing so, Cooper provided information about the incident and about steps that potentially impacted individuals can take to protect their information.
The following personal and protected health information may have been involved in the incident: names, dates of birth, medical professional's names, diagnosis and treatment information, billing and claims information, and medical record number.
The privacy and protection of personal and protected health information is a top priority for Cooper, which deeply regrets any inconvenience or concern this incident may cause. Cooper is working to implement additional safeguards to help ensure the security of its email environment and to reduce the risk of a similar incident from occurring in the future. Cooper has also established a toll-free call center to answer questions about the incident. Call center representatives are available Monday through Friday from 8:00 a.m. – 8:00 p.m. Eastern Time, excluding holidays and can be reached at 1-800-405-6108. Please provide the following code when calling: l3btotw0i3yu.
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SOURCE Cooper University Health Care | https://www.wibw.com/prnewswire/2022/05/25/cooper-university-health-care-provides-notice-data-security-incident/ | 2022-05-25T21:07:55Z |
Netflix aims to curtail password sharing – and bring in ads
By MICHAEL LIEDTKE
AP Technology Writer
SAN FRANCISCO (AP) — An unexpectedly sharp drop in subscribers has Netflix considering changes to its service that it has long resisted: minimizing password sharing and creating a low-cost subscription supported by advertising. The looming changes announced late Tuesday are aimed at helping Netflix regain the momentum it’s lost during the past year as pandemic-driven lockdowns that kept people at home lifted and other services run by deep-pocketed rivals such as Apple and Walt Disney began to chip away at its vast audience. On Tuesday, Netflix suffered its first losses in subscribers in years, an unwelcome surprise that drove its stock down by 25%. | https://localnews8.com/news/2022/04/19/netflix-aims-to-curtail-password-sharing-and-bring-in-ads/ | 2022-04-20T06:51:51Z |
LONDON and NEW YORK, Sept. 8, 2022 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI"), the world's leading index provider, in collaboration with Sustainable1, S&P Global's (NYSE: SPGI) single source for environmental, social and governance (ESG) intelligence, today announced the launch of a new family of climate-focused market benchmarks called the S&P Net Zero 2050 Carbon Budget Indices.
These indices' design is based on the most recent 2021 Intergovernmental Panel on Climate Change (IPCC) report, which assesses the state of climate change and progress towards keeping global temperature increases below 1.5ºC compared to pre-industrial levels with 83% probability.
Utilizing the IPCC's report as the basis of index construction, the S&P Net Zero 2050 Carbon Budget Indices' methodology enables the indices within this suite to allocate and adjust a carbon budget across their constituents based on the year of the indices' launch. Therefore, for these series of 2022 vintage indices, this means an initial 25% cut in volumes of emissions as well as approximately 10% yearly emissions reduction based on their published index methodology.
This new index series, which utilizes climate data from S&P Global Sustainable1, complements S&P DJI's existing innovative suite of climate and ESG indices, and provides an alternative tool and index-based approach to measure climate and environmental-related risks and returns in investment portfolios.
More than half of global assets under management are now committed to net zero by 2050 through the Net Zero Asset Managers initiative which is part of the Glasgow Financial Alliance for Net Zero (GFANZ). These indices are designed to help address investors and more broadly, global corporations and the financial market's needs to meet decarbonization targets and decrease carbon emissions to net zero by 2050.
"Drawing on more than two decades of experience developing innovative sustainability-focused benchmarks, S&P Dow Jones Indices continues to develop trusted rules-based market gauges that increase transparency and promote long-term sustainability in global markets," said Reid Steadman, Global Head of ESG & Innovation at S&P Dow Jones Indices. "This new series of indices reflects the need to provide indexing solutions that support investors and companies in meeting their net zero goals as we continue to contribute to and build upon the progress the financial services industry has achieved to date," he added.
"The 2021 IPCC report signaled a 'code red' for humanity and the investment community is responding to this alarm call, with over half the world's assets under management now committed to net zero by 2050," said Richard Mattison, President of S&P Global Sustainable1. "It is essential that investors have access to simple, transparent and scalable tools to support their decision making, and we are proud to be launching this new series of indices to support investors in navigating the transition to a sustainable future."
The equity securities in the S&P Net Zero 2050 Carbon Budget Indices are selected from an underlying universe of broad-market parent indices including the S&P 500, S&P Global BMI, S&P Europe BMI, S&P Developed BMI and S&P Emerging BMI.
The S&P Net Zero 2050 Carbon Budget Indices are rebalanced annually. At each annual rebalance, the most up-to-date carbon emissions of the companies will be used to achieve the decarbonizations required while minimizing sector deviations. At launch the indices remain broadly invested with low tracking error relative to their parent indices.
By basing the rate of decarbonization on the carbon budget remaining for the planet, these indices reflect the time urgency of the net zero challenge. For future index launches, the -10% annual decarbonization required will increase with time as the carbon budget gradually shrinks.
For 2022, this maiden S&P Net Zero 2050 Carbon Budget Indices launch includes:
- S&P Global Net Zero 2050 Carbon Budget (2022 Vintage) Index
- S&P 500 Net Zero 2050 Carbon Budget (2022 Vintage) Index
- S&P Europe Net Zero 2050 Carbon Budget (2022 Vintage) Index
- S&P Emerging Net Zero 2050 Carbon Budget (2022 Vintage) Index
- S&P Developed Net Zero 2050 Carbon Budget (2022 Vintage) Index
The S&P Net Zero 2050 Carbon Budget Indices' methodology is published and available at S&P Dow Jones Indices' website: https://www.spglobal.com/spdji/en/.
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit https://www.spglobal.com/spdji/en/.
ABOUT S&P GLOBAL SUSTAINABLE1
S&P Global Sustainable1 is the central source for sustainability intelligence from S&P Global. Sustainable1 matches customers with the ESG products, insights, and solutions from across S&P Global's divisions to help meet their unique needs. Our comprehensive coverage across global markets combined with in-depth ESG intelligence provides financial institutions, corporations, and governments an unmatched level of clarity and confidence to successfully navigate the transition to a sustainable future. Our data and well-informed point of view on critical topics like energy transition, climate resilience, positive impact and sustainable finance allow us to go deep on the details that define the big picture so customers can make decisions with conviction. To learn more, please visit: www.spglobal.com/esg
FOR MORE INFORMATION:
S&P DOW JONES INDICES
spdji.comms@spglobal.com
April Kabahar
Global Head of Communications
(+1) 212-438-7530
april.kabahar@spglobal.com
Lauren Davis
Americas Communications
(+1) 484 269 7118
lauren.davis@spglobal.com
Asti Michou
EMEA Communications
(+44) 7970 887 863
asti.michou@spglobal.com
Nadja Jiang
APAC Communications
(+852) 2841 1017
nadja.jiang@spglobal.com
S&P GLOBAL SUSTAINABLE1
Sarah Whybrow
(+44) 7929 711 556
Global Communications
sarah.whybrow@spglobal.com
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SOURCE S&P Dow Jones Indices | https://www.kxii.com/prnewswire/2022/09/08/sampp-dow-jones-indices-sampp-global-sustainable1-launch-sampp-net-zero-2050-carbon-budget-index-series/ | 2022-09-08T12:15:42Z |
PALM DESERT, Calif., Aug. 2, 2022 /PRNewswire/ -- Judges selected Avenida Palm Desert as the Best Age-Qualified Senior Living Community in the 2022 Gold Nugget Awards in San Francisco. The annual competition honors design and planning achievements in community and home design, green-built housing, site planning, commercial, retail, mixed-use development, and specialty housing categories. Winners this year were chosen from over 600 entries from around the world.
Now in its 59th year, GNA is the largest and most prestigious competition of its kind in the nation. Grand Award winners, chosen from an elite pool of Merit Award winners, were announced at a Highlight Event of the PCBC 2022 Summer Event on June 22nd at the Moscone Center. "Gold Nugget Award winners reflect our industry's best, brightest and most innovative architects, planners and builder/developers," said Judging Chairman and Gold Nugget ceremonies administrator Lisa Parrish. "We applaud them all."
Avenida Palm Desert is brand new, with luxurious 1- and 2-bedroom mid-century modern apartment residences bringing carefree, maintenance-free living to active adults at a superior value. This resort-inspired boutique community offers a truly unparalleled mix of most-wanted services, 12,000 square feet of amenities, various conveniences, and over eight daily activities. Ideally located near the popular El Paseo shopping and dining district, Avenida Palm Desert radiates vibrance while putting residents in position to experience a lifestyle that's healthy, active, and present.
Enjoy the ever-social Avenida atmosphere and highly engaging enrichment program by taking advantage of the various move-in specials the community is currently offering. Contact our onsite team at 833-427-0072 to learn more or schedule a tour.
Avenida Partners wishes to acknowledge project architect/designer KTGY, civil engineer MSA Consulting, interior designer CDC Design, landscape designer Summers Murphy + Partners and SRG Residential property management as well as Passco Capital, Inc. and lender iStar Inc. We're also grateful for our stellar team of management and sales professionals who have contributed to make Avenida Palm Desert one of the most notable communities in the Coachella Valley and greater Palm Springs area.
Avenida Partners is a national real estate development firm with offices in Newport Beach, California, and Nashville, Tennessee. The award-winning Avenida team specializes in the development of vibrant active adult communities that are thoughtfully designed and expertly constructed for the new generation of seniors. Avenida communities provide the things that matter most in creating a home that promotes a healthy, active, and engaged lifestyle. Avenida Partners' portfolio is comprised of over 2,000 units and 2 million square feet of living and social spaces. Every community reflects the unique architecture of the neighborhood in which it is built and also features a robust mix of amenities, programs, and conveniences. For additional information and to learn more about other Avenida communities, please visit www.avenidapartners.com.
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SOURCE Avenida Partners | https://www.wibw.com/prnewswire/2022/08/02/avenida-palm-desert-named-best-age-qualified-senior-living-community-2022-gold-nugget-awards/ | 2022-08-02T21:32:39Z |
Are Amberen or Estroven menopause relief supplements best?
Perimenopause and menopause can be challenging stages in a woman’s life because they bring a plethora of uncomfortable symptoms and have no predictable beginning or end date. Menopause supplements have been developed to mitigate these symptoms and make them less debilitating. Still, there are many different types of supplements and lots of conflicting information about which ingredients do and do not work. Amberen and Estroven are two of the most popular menopause relief supplements, although they approach the problem differently.
Things to know about Amberen
Amberen is a clinically-tested menopause supplement uniquely designed to support your endocrine glands. These are hormone-producing organs that include your ovaries, thyroid, hypothalamus and adrenals and they can be adversely affected by menopause. Amberen combines antioxidants (succinates), amino acids, minerals and vitamin E to restore balance to your hormone levels, thereby relieving symptoms such as sudden weight gain and hot flashes. It is 100% free of hormones, soy, stimulants and additives, although it does contain some synthetic ingredients.
Amberen is available in two slightly different versions, one for menopause and one for perimenopause. Both formulas contain the same ingredients, but the perimenopause supplement also contains vitamins B1, B2, B6, folate and B12.
The supplements are sold in 60-capsule bottles with a dosage of two capsules a day. Amberen is available starting at $75 for a three-month supply (about $25 per month).
Amberen pros
- Amberen claims to relieve up to 12 menopause symptoms, including hot flashes, night sweats, mood swings, low energy, weight gain, stress, irritability, head and joint aches, insomnia, low libido and difficulty concentrating.
- It is a unique formula designed to help regulate hormone production, chemical reactions and brain cell activity and act as an antioxidant.
- It contains Zinc which boosts metabolism.
- Amberen works within the first month, with clinically significant results occurring between 30 and 90 days.
- No adverse side effects were reported in three clinical trials on perimenopausal and menopausal women.
Amberen cons
- Some reviewers describe Amberen as giving them no relief from symptoms.
- Amberen contains a small amount of monosodium L-glutamate, which many women find off-putting and may cause a mild reaction in some people.
- Amberen’s proprietary formula doesn’t reveal how much of each ingredient is in each dose. This may adversely affect women sensitive to a specific ingredient, such as zinc or magnesium, or who aren’t getting enough of those ingredients.
Things to know about Estroven
Estroven is an all-natural, organic supplement that works to reduce all menopause symptoms. Since menopause symptoms vary widely, Estroven offers six different targeted formulas:
- Estroven Complete Menopause Relief
- Estroven Menopause Relief Weight Management
- Estroven Menopause Relief Sleep Cool
- Estroven Menopause Relief Mood Boost
- Estroven Menopause Relief Stress and Energy Boost
The main ingredients in Estroven supplements are Black Cohosh, Soy Isoflavones (except for Estroven Complete) and Rhapontic Rhubarb extract. Along with magnolia bark, melatonin, ginkgo biloba and synetrim CQ, many of these ingredients have been independently tested for efficacy in clinical trials.
Estroven is sold in 28 caplet bottles with a serving size of one caplet per day and is available starting at for $19.
Estroven pros
- Estroven is hormone, gluten, GMO and MSG-free.
- It uses all-natural, vegan ingredients.
- In clinical trials, rhapontic rhubarb reduced the frequency of hot flashes by 80% and anxiety by 61%.
- For most women, it works within the first month.
Estroven cons
- Some women found that Estroven didn’t relieve any symptoms. In a few rare cases, women reported starting their period again after being period-free for a year.
- Per Examine.com, what few blind studies have been conducted on the efficacy of black cohosh without any other compounds, have yielded mixed results.
- Some women experience stomach upset and nausea from taking Estroven, possibly attributable to the black cohosh or rhubarb.
Should you get Amberen or Estroven?
Both Amberen and Estroven contain ingredients that are well established in providing relief for menopause symptoms, but they have their problems too. Amberen contains several synthetic ingredients and small amounts of MSG, and its proprietary formula hides dosages. Estroven is completely natural, but negative reviews describe either getting no relief or having an adverse reaction to the soy, black cohosh or rhubarb. Estroven is marginally cheaper and has the advantage of being only one pill per day instead of two with Amberen. Many women have found relief from symptoms after taking one or other of these supplements. As with any new supplement, be sure to check with your doctor before you start a different regime to get their advice on which formula is better suited to your specific symptoms.
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/health-wellness-br/supplements-br/amberen-vs-estroven-menopause-relief-supplements/ | 2022-07-18T03:22:44Z |
ANCHORAGE, Alaska (AP) — Officials have ended their search for a woman whose 2-year-old grandchild was found alone last week in a locked car that stuck in mud on a rural Alaska road, authorities said.
No clues to the whereabouts of Mary Dawn Wilson, 69, have emerged since her Ford Focus was found last Thursday with the child and personal items believed to belong to Wilson, the Alaska Department of Public Safety said in a statement on Saturday.
Authorities believe the child was alone in the car for two days.
The search was changed from “active” to “reactive,” meaning that a search could be launched again if officials receive new information or evidence, the statement said.
The statement added that at “this time, there is no evidence of foul play associated with Wilson’s disappearance.”
Wilson’s car was found Thursday on Stampede Road, off the Parks Highway just outside the small community of Healy. Officials believe her vehicle got stuck on Tuesday and that she started walking away from the highway instead of toward it.
The toddler was initially handed over to the state Office of Children’s Services and appeared to be in good health, officials have said.
The child was later reunited with their mother, the Anchorage Daily News reported. Wilson had been watching the child while the mother was working in rural Alaska.
Stampede Road is famous for being the main thoroughfare that adventurers used to retrace the steps of Christopher McCandless, a young idealist whose journey on the Stampede Trail ended with his death.
The trail road eventually ends at treacherous Alaska backcountry, where McCandless took shelter in an abandoned city bus after he became trapped by the swollen Teklanika River.
He died of starvation in 1992 and his life and death were made famous by the book “Into the Wild” by Jon Krakauer and then by the movie directed by Sean Penn.
Over the years, people trying to reach the bus that was located about 25 miles (40 kilometers) from Healy to pay pilgrimage to McCandless had to be rescued or died. That prompted state officials to remove the bus from the backcountry in 2020. | https://cw33.com/news/u-s-news/ap-us-headlines/officials-halt-search-for-alaska-grandma-after-toddler-found/ | 2022-07-19T01:24:58Z |
Cribl Certified Observability Engineer program sets industry-wide standard to develop and validate observability skills
SAN FRANCISCO, June 29, 2022 /PRNewswire/ -- Cribl, the leader in enabling open observability, today launched the Cribl Certified Observability Engineer (CCOE) program. This first-of-its-kind technical certification program aims to set the industry standard for observability lifecycle skills, from planning and design to operating and optimizing. The program provides practitioners with the necessary training and validation of their expertise in the growing observability space. CCOE is free of charge and accessible to all through Cribl University.
As data volumes continue to grow, observability engineers are on the front line, dealing with a deluge of observability data across both IT and security business cases. Being able to effectively and efficiently manage observability data has emerged as a critical role within the world's largest enterprises, and the CCOE program establishes universal standards for what it means to master the skills of a true observability engineer.
Cribl is launching CCOE to empower anyone in the observability space with a better understanding of the key tools and knowledge of how to unlock the value of all observability data. The CCOE program provides training for producing the shortest time-to-value and cost control for growing data, and offers lab-based training on validated solutions.
"At Cribl, we believe that technical education should be free and accessible to everyone. As the growth of observability and telemetry data accelerates, we're launching CCOE to meet the growing demand for companies to have in-house experts that can build observability infrastructure that scales," said Clint Sharp, co-founder and CEO at Cribl. "We're lowering the barrier to entry by creating a program that serves people of all skill levels. Observability engineers can now distinguish themselves as experts and beginners can break into the observability space for the first time."
- CCOE Stream User is the foundation-level certification that's designed to introduce, educate, and validate one's ability to effectively use Cribl Stream to create an observability architecture that provides organizations with choice of tools and control over all observability and telemetry data.
- CCOE Stream Administrator is the next-level certification, and offers a deeper technical dive into reducing, enriching, routing and replaying telemetry data. It builds off the CCOE Stream User certification, and prepares the participant with workforce-ready skills to be the observability data expert within their organization.
"Cribl's products are quickly becoming the absolute core of any architecture, whether it's log management, storage, or analysis systems. Having people who can get the most out of the products for our customers is absolutely critical for us," said Stuart Bowell, Global Head of Observability at NETbuilder. "We need to know they can do the work, and CCOE ensures us they can."
How to Sign Up for CCOE
To sign up for CCOE, please visit Cribl University, Cribl's online education platform, and self-enroll in the CCOE certification curriculums. The CCOE program is free of charge and can be accessed at any time and completed at any pace.
- Learn more about the CCOE program in this blog from Cribl VP of Product Marketing Joel Vincent.
- Check out the latest releases from Cribl's observability suite by reading about Stream 3.5, Edge 3.5, and Cribl.Cloud Summer 2022.
- Experience Stream with the interactive sandboxes and sign up for a free account at https://cribl.cloud.
Cribl makes open observability a reality for today's tech professionals. The Cribl product suite defies data gravity with radical levels of choice and control. Wherever the data comes from, wherever it needs to go, Cribl delivers the freedom and flexibility to make choices, not compromises. It's enterprise software that doesn't suck, enables tech professionals to do what they need to do, and gives them the ability to say "Yes." With Cribl, companies have the power to control their data, get more out of existing investments, and shape the observability future. Founded in 2017, Cribl is a remote-first company with an office in San Francisco, CA. For more information, visit www.cribl.io or our LinkedIn, Twitter, or Slack community.
Cribl Media Contact
Kelly Engemoen
media@cribl.io
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SOURCE Cribl | https://www.kxii.com/prnewswire/2022/06/29/cribl-launches-certification-program-provide-training-accreditation-observability-engineers/ | 2022-06-29T13:50:39Z |
ECTOR COUNTY, Texas (KMID/KPEJ)- A street racer who pled guilty earlier this week to four counts of Racing on a Highway Causing Serious Injury or Death in connection with a 2018 crash that left four dead was sentenced in court Thursday. 21-year-old Albertico Valenzuela has been sentenced to 20 years in prison, the maximum sentence allowed by law.
Valenzuela, then 17, was arrested following a multiple vehicle crash in West Odessa on October 1, 2018; the crash occurred on W. 16th St and FM 1936.
Investigators said Valenzuela and another driver, 22-year-old Christian Flores, of El Paso, were drag racing at speeds of more than 100 miles per hour when they hit a dip in the road- both cars lost control. Flores’ car went airborne and then veered into oncoming traffic where his car collided with a vehicle driven by Araceli Gabaldon, 47.
Gabaldon and two of her children were killed. A third child was taken to the hospital with serious injuries- he spent more than a month in the hospital. Flores also died at the scene. | https://cw33.com/news/texas/street-racer-sentenced-to-20-years-following-crash-that-killed-4/ | 2022-09-15T21:23:16Z |
Survey of almost 200 payers and providers finds health equity is a priority, but roadblocks remain
WASHINGTON, July 28, 2022 /PRNewswire/ -- Vantage Health Technologies a part of the BroadReach Group, a global social enterprise with nearly two decades of experience combining technology innovation with deep healthcare expertise, today announced the results of its first annual State of U.S. Health Equity Survey. The survey found that while the industry sees health equity as incredibly important, there are few tangible steps and plans in place to address it.
In June and July of 2022, Vantage Health Technologies surveyed nearly 200 (192) executives and senior decision-makers within payers, providers and other healthcare stakeholders to understand how organizations address health inequities within their plans. The results found that while 95% of respondents believe that health equity is important for their organization to address, nearly half (43.5%) of the respondents said their organization has no roadmap to address health equity across their people, process and technology. Additionally, 45.3% have only a partial or ad hoc roadmap plan. Of them, 53% are unsure if it will be a priority in the next 12-18 months. Surprisingly, only 8% said that it would be a priority.
Additional top findings are as follows:
- 43.8% of those surveyed don't know if they have any race, ethnicity or language data on their care population, and only 4.2% have this data on 75-100% of their population.
- 44.3% of those surveyed do not provide culturally and linguistically appropriate, person-centered care today and only provide care in English. While more than half are trying — 55.7% say they do this in some instances but not all and that there is room for improvement.
- 55.2% of organizations did not have racial or linguistic data on their employees
- Top barriers to implementing health equity initiatives were self-reported to included: budget, lack of or outdated systems, data challenges, leadership, guidelines and governance, resource limitations (including human resources), timing and prioritization, training and knowledge, and others.
"The data clearly shows the U.S. is still in its early days of addressing health inequities," said Dr. John Sargent, founder Vantage Health Technologies and BroadReach Group. "While health systems work to improve data collection, technologies can be implemented now to help identify areas for improvement and create a clear roadmap. The most important thing is that payers and providers meet patients where they're at and provide tailored care."
"For true improvement in health equity, unless your population is totally homogeneous, you're actually going to have to address things in a much more targeted way," says Dr. Chris Esguerra, the chief medical officer for Health Plan of San Mateo and one of Vantage's medical advisors in the survey. "Everyone focuses on data — or lack of data — as a gap and gets stuck there. Data is the thing that will help you understand that there is a problem, but do you know how to understand the problem?"
Vantage Health Technologies works with payers and providers to implement AI-enabled solutions that suggest health interventions for underserved populations to reduce health inequities. These kinds of inequities cost the U.S. healthcare system $320 billion annually and if left unchecked, these costs are estimated to rise to $1 trillion or more by 2040. For more information, visit www.vantagehealth.tech.
Full market survey will be released and discussed on July 28, 2022; click here to register for the event or here to get the survey.
About Vantage Health Technologies
Vantage Health Technologies provides personalized solutions for health organizations. The Vantage platform goes beyond dashboards, providing next best actions to payers and providers to improve outcomes, decrease costs, and optimize resources. Vantage Health Technologies believes that data alone cannot solve the world's most complex health challenges; it also requires a deep understanding of the social, cultural, and economic context in which people live. Vantage Health Technologies is part of BroadReach Group. For more information, visit www.vantagehealth.tech and www.broadreachcorporation.com/vantage/
About BroadReach Group
BroadReach Group is a global social enterprise that harnesses health technology and innovation to empower human action. It brings nearly two decades of deep healthcare expertise combined with world-class technology solutions to help organizations deliver better health outcomes, improved efficiency of scarce healthcare resources, cost savings, enhanced organizational performance, and more sustainable health systems. BroadReach delivers this value through two businesses. BroadReach Health Development delivers digitally-enabled implementation management and technical assistance services to address the world's most complex health challenges. Vantage Health Technologies delivers solutions for health organizations and their teams on its AI Vantage platform.
Health equity is the founding principle of the BroadReach Group. Since 2003 BroadReach has worked in more than 30 countries to support governments, international NGOs, public and private sector to improve health outcomes for populations in need.
The Group was founded by Drs.John Sargent and Ernest Darkhoh, who have since gone on to be awarded World Economic Forum's 2015 Social Entrepreneurs of the Year and 2021 Microsoft Humans in AI, were also previously awarded Time Magazine Healthcare Hero and named in Devex 40 under 40. For more information, visit www.brhc.com
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SOURCE BroadReach Group | https://www.wibw.com/prnewswire/2022/07/28/vantage-health-technologies-reveals-data-state-us-health-equity/ | 2022-07-28T16:09:10Z |
DALLAS (KDAF) — It’s 2022, so, why are we talking about disco and getting our groove on?
Well, it’s only natural that Saturday, July 2 is National Disco Day! Disco balls, funky music and some groovy moves are on the menu! National Today says, “National Disco Day is an unofficial observance that focuses on the genre of dance music that wielded significant influence on modern music, developing into an entire subculture over the 1960s and 1970s in America. While the popularity of disco declined in America around the 1980s, it only gained popularity in the rest of the world, including New Zealand.”
So, we wanted to make sure you could get in on all the far-out fun with the top disco dance clubs in Dallas, according to Yelp:
- It’ll DO Club
- Stereo Live Dallas
- Silent Disco Events
- The Tin Room
- Glass Cactus Nightclub
- Cowboys Red River
- Six Springs Tavern
- Silent Disco by Silent Storm
- Quiet Events Silent Disco | https://cw33.com/news/local/top-disco-spots-in-dallas-to-get-your-groove-on-according-to-yelp/ | 2022-07-02T17:02:50Z |
Braves’ Acuña describes feelings for Freeman as ‘nothing’
By CHARLES ODUM
AP Sports Writer
ATLANTA (AP) — Ronald Acuña Jr. is not among the Atlanta Braves players who will be missing Freddie Freeman as the team opens its season. Acuña criticized Freeman, the former longtime Braves first baseman who signed with the Los Angeles Dodgers in the offseason, in an Instagram Live interview. Asked if he would miss Freeman, Acuña replied “Me? Nothing.” Acuña says he and Freeman “just shared the same stadium” and “had several clashes.” Acuña is the first Atlanta player to have anything but praise for Freeman, the 2020 NL MVP who helped lead the Braves to last season’s World Series championship. | https://localnews8.com/sports/ap-national-sports/2022/04/07/braves-acuna-describes-feelings-for-freeman-as-nothing/ | 2022-04-07T19:55:56Z |
HONG KONG (AP) — China’s internet watchdog on Thursday fined ride-hailing firm Didi Global more than 8 billion yuan ($1.2 billion) following an investigation into the company’s cybersecurity practices.
The probe found Didi violated China’s network security law, data security law and a law protecting personal information, the Cyberspace Administration of China said in a statement.
A separate statement explaining the fine said Didi’s “illegal operations” had brought “serious” national security risks, affecting the country’s information infrastructure and data security.
Didi’s chairman Cheng Wei and president Jean Liu were fined 1 million yuan ($148,000) each as they were held responsible for the company’s violations, regulators said.
“Didi’s violations of laws and regulations are serious, and in light of the network security review, they should be severely punished,” the statement read.
Didi illegally collected nearly 12 million screenshots and 107 million pieces of passengers facial recognition data and more than 167 million records of location data, among other information, regulators said. The company’s violations first began in June 2015.
Didi said in a statement posted to its official Weibo social media account that it “sincerely” accepted the decision.
“We will take this as a warning, and persist in paying equal attention to both security and development,” Didi said, adding that it would work toward “safe, healthy and sustainable” development of its business.
The decision comes over a year after Didi pushed forward with its New York stock listing in June 2021.
Regulators, who reportedly did not approve of Didi’s listing, launched the investigation two days after the company went public and ordered it to take down more than two dozen apps, sending its stock price plunging.
Didi moved to delist from the New York stock exchange, exiting on June 10.
The ride-hailing firm is among a slew of internet technology firms that have faced close scrutiny during a crackdown on the technology industry that began in 2020, with regulators halting Alibaba-affiliated financial technology firm Ant Group’s initial public offering. | https://cw33.com/technology/ap-technology/chinas-didi-global-fined-1-2-billion-for-data-violations/ | 2022-07-21T14:28:36Z |
Topeka city manager search enters next stage as application window closes
TOPEKA, Kan. (WIBW) - The search for Topeka’s next city manager has entered its next stage.
The window for candidate applications closed at 5 p.m. Friday. The City of Topeka says more than 30 candidates have applied for the position left open by Brent Trout’s retirement last November. Chief of Staff Bill Cochran, who has served in the interim since Trout retired, told 13 NEWS Monday that five of the applicants live in Kansas, two in Topeka, while 10 others have Kansas ties.
The governing body plans a July 19 executive session to discuss narrowing the field. Candidates will then be interviewed by city leadership and a community panel selected by the governing body, before the final few participate in meet and greets planned for the public.
Cochran previously told 13 NEWS the new manager could be in place by November. The City says the process is on a loose timeline, dependent upon the chosen candidate’s current work situation when they are hired.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/07/15/topeka-city-manager-search-enters-next-stage-application-window-closes/ | 2022-07-15T22:37:54Z |
BERRYVILLE, Va., June 1, 2022 /PRNewswire/ -- Bank of Clarke County, a wholly-owned subsidiary of Eagle Financial Services, Inc., whose divisions include Eagle Investment Group, announced that Joseph (Joe) T. Zmitrovich has been appointed President and Chief Banking Officer for the Bank. In this new position, Joe will head up merger and acquisition strategy to ensure full engagement in acquisition plans related to individual branch expansion, niche business acquisition, and whole bank purchases, while continuing his oversight of commercial lending, retail banking, cash management, loan operations and loan servicing.
Mr. Zmitrovich joined the Bank in 2016 as its Senior Vice President and Lending Officer. In 2019, Joe was promoted to Executive Vice President and Chief Revenue Officer and in 2021, to Executive Vice President and Chief Banking Officer. Mr. Zmitrovich has over 29 years of banking experience and prior to joining the Bank, Joe served as Market President of the Southern Pennsylvania region for BB&T from 2015 to July 2016. From 2008 to 2015 he served as Senior Vice President and Commercial Executive for Susquehanna Bank.
Mr. Zmitrovich currently serves on the Boards of the Loudoun County Chamber and Bankers Title Shenandoah.
Brandon Lorey, Bank of Clarke County CEO, stated "Given the increased complexity of our organization, this was a natural next step for both the Bank and for Joe. I am thrilled to leverage Joe's background and expertise in mergers and acquisitions as we continue to look for acquisition opportunities, grow organically, and enhance shareholder value."
Eagle Financial Services, Inc. is a bank holding company which wholly owns Bank of Clarke County (the "Bank"). The Bank offers a wide range of retail and commercial banking services, including demand, savings, and time deposits and consumer and commercial loans. The Bank also offers both a trust department and investment services and has 13 full-service branches, two loan production offices, and one drive-through only facility. The Bank serves Northern Virginia and the Shenandoah Valley area, with branches located in Clarke County, Frederick County VA, Loudon County, Fairfax County, Frederick County MD, and the Towns of Leesburg, Purcellville, and Warrenton, and the City of Winchester.
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SOURCE Bank of Clarke County | https://www.wibw.com/prnewswire/2022/06/01/zmitrovich-named-bank-president-chief-banking-officer-bank-clarke-county/ | 2022-06-01T20:30:07Z |
KUNGÄLV, Sweden, April 12, 2022 /PRNewswire/ -- The interim report for New Wave Group will be presented on 26 April, but as New Wave Group expects to report sales and profit for the first quarter 2022 which substantially exceeds both previous year and market expectations based on analysts' estimates, preliminary numbers are released for the quarter.
Operating result for the first quarter 2022 increased by SEK 109.0 million to SEK 209.1 (100.1) million. Net result increased by SEK 85.8 million to SEK 153.5 (67.7) million. Sales amounted to SEK 1,774.9 (1,261.6) million, which is an increase of 41% (36 % in local currencies).
The full interim report for the first quarter will be released on Tuesday 26 April at 07:00 CET. No further information will be announced before that. The figures reported here are preliminary and have not been reviewed by the company's auditors.
Gothenburg on 12 April 2022
New Wave Group AB (publ)
Torsten Jansson, CEO
FOR MORE INFORMATION, PLEASE CONTACT:
CEO and Group CEO
Torsten Jansson
Phone: +46 31–712 89 01
E-mail: torsten.jansson@nwg.se
CFO
Lars Jönsson
Phone: +46 31–712 89 12
E-mail: lars.jonsson@nwg.se
This information is information that New Wave Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons detailed above, at 12:15 CET on April 12, 2022.
This information was brought to you by Cision http://news.cision.com
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SOURCE New Wave Group | https://www.mysuncoast.com/prnewswire/2022/04/12/new-wave-groups-profit-first-quarter-substantially-exceeds-market-expectations/ | 2022-04-12T11:38:58Z |
NICB and CDI to Meet Sept. 12 to Discuss Strengthening Partnership
SAN DIEGO, Sept. 12, 2022 /PRNewswire/ -- The National Insurance Crime Bureau (NICB), the insurance industry's association dedicated to predicting, preventing, and prosecuting insurance crime, is strengthening its longstanding relationship with the California Department of Insurance (CDI). California currently ranks third in the nation for vehicle thefts per 100,000 people, and CDI is committed to reducing crime through its enforcement actions targeting insurance fraud.
NICB President and CEO David Glawe will meet with CDI Assistant Chief Shawn Conner on Monday, Sept. 12 in San Diego to discuss their continued partnership and ways to combat insurance fraud and crime.
"CDI is a valued partner of NICB, and we have maintained a strong partnership with them for many, many years," said Glawe. "We are eager to meet face-to-face with Assistant Chief Conner to discuss ways to strengthen our partnership and identify collaboration opportunities to help combat rising crime."
As crime continues to increase across the U.S., including the highest vehicle theft numbers since 2008, staggering catalytic converter thefts, and fraud exceeding $300 billion nationwide each year, California is experiencing some of the highest crime rates, and therefore is the perfect place to address these issues.
"CDI and NICB have worked together hand-in-hand since 1992," said CDI Assistant Chief Shawn Conner. "We value the intelligence and support that NICB Special Agents offer us during an investigation."
NICB and CDI are looking forward to continuing their valued partnership as they battle the ever-growing crime trends seen in California. Together, they will investigate all areas of insurance fraud including, auto fraud, staged accidents, health care fraud, workers' compensation, and property investigations.
If you believe you have been a victim of fraud, call the NICB at 1-800-TEL-NICB. For additional information, visit NICB's website, WWW.NICB.org. Or contact the California Department of Insurance at 916-854-5760 and visit their website http://www.insurance.ca.gov/0300-fraud/reportingfraud.cfm to submit a request for assistance of fraud reporting.
REPORT FRAUD: Anyone with information concerning insurance fraud or vehicle theft can report it anonymously by calling toll-free 800.TEL.NICB (800.835.6422) or submitting a form on our website.
ABOUT THE NATIONAL INSURANCE CRIME BUREAU: Headquartered in Des Plaines, Ill., the NICB is the nation's leading not-for-profit organization exclusively dedicated to combatting and preventing insurance crime through Intelligence, Analytics, and Operations; Education and Crime Prevention; and Strategy, Policy, and Advocacy. The NICB is supported by more than 1,200 property and casualty insurance companies and self-insured organizations. NICB member companies wrote over $582 billion in insurance premiums in 2021, or more than 82% of the nation's property-casualty insurance. That includes more than 96% of the nation's personal auto insurance. To learn more, visit www.nicb.org.
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SOURCE National Insurance Crime Bureau | https://www.kxii.com/prnewswire/2022/09/12/crime-california-continues-increase-nicb-ca-dept-insurance-work-enhance-investigative-efforts/ | 2022-09-12T15:16:42Z |
Don’t take your guns to town, son. Leave your guns at home.
— Johnny Cash
I could fill a whole week’s worth of newspapers writing about my adventures over the years at Atlanta’s Music Midtown festival, and I still wouldn’t have enough room to tell half the story.
If you’re one of those odd (to me, at least) people who don’t really care about music, then Music Midtown is just another gathering of a bunch of crazy people willing to stand out in the hot sun all day to listen to loud, out-of-tune bands do damage to their ears. And if you happen to be among those who think that way, you have my sympathy, as you seek entertainment on fun places like social media.
But Music Midtown for music fans has always been like Nirvana (the higher plain, not the band), a place where you could find pretty much all the musicians you love — and, over the coarse of its existence, the festival has featured just about all of them — in one place over a three-day period. And the setting, in the midst of all those high-rises in midtown Atlanta, gave the annual festival a kind of surreal, wilderness-in-a-concrete-jungle feel.
As I said, I could write for days about my Music Midtown adventures: Going to the festival a month after major cancer surgery so that I could see the White Stripes before I died; sleeping in semi-flophouses (but expensive flophouses) just to have a place close to the festival grounds; running from one stage to the next to catch parts of sets by Bob Dylan and the Black-Eyed Peas, who happened to be playing at the same time; “discovering” musicians I might only have heard of — or never heard of — before, like Ben Harper, Kid Rock, B.O.B., Beth Hart; discovering that guys with tons of influence in the music industry, guys like Peter Conlon and Alex Cooley, are actually just music lovers themselves who decided to take a chance and bring the music they love to the masses.
Sadly, for younger and veteran music lovers planning to get their yearly taste of musical heaven in midtown Atlanta this year, it’s not gonna happen. The city of Atlanta and state officials have declared that, since Georgia’s GOP-led legislature, in an obvious attempt to appeal to the extreme element of their base voters in an election year, has basically opened the door for anyone to carry a gun at any time anywhere in the state, Conlon and the organizers of Music Midtown, when told that they could not stop people from bringing guns to the festival, decided the risk wasn’t worth it.
I know, I know ... there’s nothing more powerful that a “good guy with a gun.” And, of course, anyone who is not a “bad guy” qualifies for this distinction. So all those good guys would be a line of defense at Music Midtown, never mind that a whole lot of those good guys with guns like to drink a lot at the outdoor festival and are emboldened by their inebriation to settle any disputes with the extreme prejudice that their weapon of choice affords them.
And, sure, it’s against Georgia law to wand concertgoers so that dangerous weapons cannot be brought onto the premises, because it’s much more important that the gun lobbyists’ money keeps pouring in, who cares if a few gang members or extremist groups have the capacity and the availability to create mayhem and kill or maim a few thousand folks? We are, after all, Georgia, and we must protect God-fearin’ folks’ — good guys all — rights to arm themselves to the teeth.
For me, it’s ironic that Jack White (of the White Stripes) was scheduled to be one of the headliners at this year’s Music Midtown. It was my desire to see him and his partner, Meg White, perform that led me to risk my health after major surgery to attend the downtown festival. There’s no way, however, I would risk my life by attending such a gathering with the gun nuts — good and bad guys, all — given the freedom to run loose. | https://www.albanyherald.com/local/carlton-fletcher-georgia-kowtows-to-the-good-guys-with-guns-crowd/article_f559ce32-1272-11ed-a2a9-7367b7cc412d.html | 2022-08-02T23:29:51Z |
SHANGHAI, Aug. 12, 2022 /PRNewswire/ -- JinkoSolar, one of the largest and most innovative solar module manufacturers in the world, today announced it was named as the top 50 Forbes China Most Innovative Companies 2022, reaffirming its continuous innovation and achievements.
Forbes evaluates the nominee's innovation ability in terms of business model, enterprise R&D investment, core independent intellectual property rights, the transformation of technological achievements as well as the growth of the company to rank. Forbes China hopes to pass the list to identify companies that lead the development of the industry or have a significant influence on the progress of the industry.
"We are greatly honoured to be recognized as Most Innovative Company of the Year," said Dany Qian, Vice President of JinkoSolar. "This award is reflective of the strength of our culture of continuous innovation. During such an uncertain time, our amazing employees rallied together to actively seek out unresolved problems, research and develop next-generation N-type TOPCon technologies and products that helped businesses and customers thrive."
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SOURCE JinkoSolar | https://www.wibw.com/prnewswire/2022/08/12/jinkosolar-named-top-50-forbes-china-most-innovative-companies/ | 2022-08-12T11:16:00Z |
Polk steps down at Gainesville
Published: Apr. 19, 2022 at 10:53 PM CDT
SHERMAN, Texas (KXII) - The Gainesville Leopards are looking for a new head football coach. James Polk is stepping down to join the Weatherford coaching staff.
Polk has led the Leopards since 2016. Gainesville struggled last season, winning just two games. Polk led the Leopards to an 8-3 record in 2019. Gainesville went to the playoffs twice in his six year tenure.
Copyright 2022 KXII. All rights reserved. | https://www.kxii.com/2022/04/20/polk-steps-down-gainesville/ | 2022-04-21T17:29:22Z |
- Type IV high-pressure Neptune tanks are to be delivered by Hanwha Solution's hydrogen tank manufacturing subsidiary Hanwha Cimarron.
- Hanwha Cimarron will work with Shell to build extensive hydrogen refueling infrastructure in California.
- With its Alabama factory expected to come online late this year, Hanwha Cimarron will churn out 4,000 high-pressure tanks annually.
SEOUL, South Korea and HUNSTVILLE, Ala., June 21, 2022 /PRNewswire/ -- Hanwha Solutions announced today it joined Shell's efforts to build extensive hydrogen refueling infrastructure in California. Supplying Shell with high-pressure hydrogen tanks for transport within its network of stations, Hanwha will help accelerate the Golden State's energy transition and decarbonizing efforts.
Hanwha Solutions' hydrogen tank manufacturing subsidiary, Hanwha Cimarron, said it finalized a Purchase Order with Shell to provide Type IV high-pressure hydrogen tank called Neptune. The carbon fiber-reinforced, 2,000-litre-capacity vessel can store hydrogen at a pressure of 517 bar -- the largest pressure level among Type IV tank.
Another strength of Neptune comes from Anti-buckling technology, which can fully extract hydrogen without causing internal damage. Given that most Type IV high-pressure tanks can shrink easily when stored fully, they often have one-tenth of storage capacity in reserve. Receiving certificates from the Department of Transportation, American Society of Mechanical Engineers and other state agencies, Neptune has proved its strength for transportation and storage usage.
Hanwha Cimarron's supply of hydrogen tanks will support Shell's efforts to extend its hydrogen refueling network across California. The state is emerging as a key hydrogen hub in the US, with 52 out of 66 refueling stations in the US operating there. According to research firm MarketsandMarkets, the global hydrogen energy storage market is projected to reach 119.2 billion by 2027 and North America will constitute about 13 percent of the global market volume.
"This supply contract is a great foundation for our collaboration with Shell and our efforts to expand our presence in the US hydrogen market," said Ryoo Du-hyoung, who heads Hanwha Solutions' Advanced Materials Division. "We are also expanding hydrogen tank business in Europe, including Germany, to attract more clients globally."
Acquired by Hanwha Solutions in December 2020, Hanwha Cimarron, formerly known as Cimarron Composites, founded by NASA scientist Tom Delay, is seeking to scale up its business. Its $51 million investment plan to build a high-pressure tank manufacturing facility in Opelika, Alabama, is well underway. When the construction is complete later this year, Opelika factory can produce up to 4,000 high-pressure tanks annually.
In 2021, it signed a deal with Texas-based energy company Sunbridge Energy Services to provide storage tanks for compressed natural gas (CNG). The $260-million deal aims to deliver tube trailers containing dozens of vessels that can store CNG and other pressurized gases such as hydrogen.
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SOURCE Hanwha Solutions | https://www.kxii.com/prnewswire/2022/06/21/hanwha-solutions-supplies-shell-with-hydrogen-tanks/ | 2022-06-21T13:55:38Z |
Ferrari’s Leclerc sweeps all three practices at Spanish GP
By JOSEPH WILSON
Associated Press
MONTMELÓ, Spain (AP) — Formula One championship leader Charles Leclerc has swept all three practices ahead of the Spanish Grand Prix. The Ferrari driver was just 0.072 seconds faster than reigning F1 champion Max Verstappen. The Mercedes pair of George Russell and Lewis Hamilton were third and fourth in Saturday’s final practice session. Qualifying for Sunday’s race was to follow. The rear brakes of Mick Schumacher’s Haas burst into flames as he pulled into the pits barely 15 minutes into the session. Crew members doused the flames with fire extinguishers. He appeared unhurt. | https://localnews8.com/sports/ap-national-sports/2022/05/21/ferraris-leclerc-sweeps-all-three-practices-at-spanish-gp/ | 2022-05-21T14:58:26Z |
INGLEWOOD, Calif. (AP) — KaVontae Turpin became the first player in nine seasons to have kickoff and punt return touchdowns in the same game, and the Dallas Cowboys beat the Los Angeles Chargers 32-18 Saturday night.
Turpin signed with the Cowboys on July 28 after garnering MVP honors in the United States Football League this past spring. Before Turpin, the last player to run back a punt and kickoff in the same game — preseason, regular season or playoffs — was Detroit’s Jeremy Ross on Dec. 8, 2013, against Philadelphia.
“He’s so dynamic. You go back to his college days and clearly, in my opinion, he was the best player I saw in the USFL coming out,” coach Mike McCarthy said of Turpin at halftime. “I’ve been so impressed with him since day one.”
After a 22-yard field goal by Dustin Hopkins gave the Chargers a 3-0 lead midway through the first quarter, Turpin returned the ensuing kickoff 98 yards for a touchdown.
Turpin got a nice wall of blockers in the middle of the field before getting into open space near the 40 and going untouched up the right sideline.
Dallas had a 29-10 lead at halftime after a pair of touchdowns in the final minute of the second quarter. That included Turpin’s 86-yard punt return, where he eluded a tackle attempt from punt gunner Deane Leonard after fielding the ball, did a couple juke moves and then broke free for the score.
“I’m an exciting player, and every time I get the ball, there’s a big play waiting to happen. I’m happy to be here and take advantage of this opportunity,” said Turpin, who led the USFL in receiving yards and had the league’s lone punt return for a TD.
Victor Bolden of the San Francisco 49ers was the last player to have a kickoff and punt return during the same preseason in 2017.
After two days of joint practices earlier in the week, both teams rested most of their starters. Dallas improved to 1-1 while the Chargers are 0-2.
Cooper Rush and Will Grier each directed first-half TD drives for the Cowboys, while Rico Dowdle and Malik Davis each had rushing scores. Dowdle finished as the game’s leading rusher with 44 yards on 13 carries.
Easton Stick played the first half for the Chargers and connected with Joshua Palmer on a wide receiver screen for an 18-yard touchdown early in the second quarter to give the Chargers a short-lived 10-7 advantage.
INJURIES
Chargers: RB Isaiah Spiller suffered an ankle injury during the second half and did not return.
UP NEXT
Cowboys: Finish the preseason at home against Seattle on Friday.
Chargers: Travel to New Orleans for their preseason finale on Friday.
___
More AP NFL: https://apnews.com/hub/nfl and https://twitter.com/AP_NFL | https://cw33.com/sports/ap-sports/turpin-has-kickoff-punt-return-tds-cowboys-beat-chargers/ | 2022-08-21T21:29:43Z |
NEW YORK, June 20, 2022 /PRNewswire/ -- Attention Bakkt Holdings, Inc. f/k/a VPC Impact Acquisition Holdings ("Bakkt Holdings, Inc. f/k/a VPC Impact Acquisition Holdings") (NYSE: BKKT) shareholders:
The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors. This lawsuit is on behalf of persons and entities that purchased or otherwise acquired: (a) Bakkt securities between March 31, 2021 and November 19, 2021, both dates inclusive; and/or (b) Bakkt Class A common stock pursuant and/or traceable to documents issued in connection with the business combination between the Company and Bakkt Holdings, LLC completed on or about October 15, 2021.
If you suffered a loss on your investment in Bakkt Holdings, Inc. f/k/a VPC Impact Acquisition Holdings, contact us about potential recovery by using the link below. There is no cost or obligation to you.
ABOUT THE ACTION: The class action against Bakkt Holdings, Inc. f/k/a VPC Impact Acquisition Holdings includes allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (i) the Company had defective financial controls; (ii) as a result, there were errors in the Company's financial statements related to the misclassification of certain shares issued prior to the business combination between the Company and Bakkt Holdings, LLC; (iii) accordingly, the Company would need to restate certain of its financial statements; (iv) the Company downplayed the true scope and severity of these issues; (v) the Company overstated its remediation of its defective financial controls; and (vi) as a result, the documents issued in connection with the business combination and defendants' public statements throughout the class period were materially false and/or misleading and failed to state information required to be stated therein.
DEADLINE: June 20, 2022
Aggrieved Bakkt Holdings, Inc. f/k/a VPC Impact Acquisition Holdings investors only have until June 20, 2022 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.
Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail: vw@wongesq.com
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SOURCE The Law Offices of Vincent Wong | https://www.wibw.com/prnewswire/2022/06/20/class-action-alert-law-offices-vincent-wong-remind-bakkt-holdings-inc-fka-vpc-impact-acquisition-holdings-investors-lead-plaintiff-deadline-june-20-2022/ | 2022-06-20T10:01:21Z |
DALLAS, July 26, 2022 /PRNewswire/ -- During the month of May, ACE Cash Express (ACE), a Populus Financial Group brand, raised $7,987 for Feed My Starving Children (FMSC) during ACE's annual fundraising event, the Give A Little Campaign. The money raised paid for 33,280 meals for children experiencing hunger. According to the World Food Programme, the food assistance branch of the United Nations, up to 828 million people went hungry in 2021 - 46 million people more than a year earlier and 150 million people more than 2019.
ACE employees not only raised money for FMSC, but also volunteered their time. During the packing session, our volunteers packed MannaPack meals that consisted of vitamins, rice, veggies, and protein. After two hours, our team packed 12,096 meals, enough to feed 33 children every day for a year.
"We are proud to support Feed My Starving Children," said Eric Norrington, Senior Vice President of Public Affairs for Populus Financial Group. "Thanks to our employees' hard-work and our customers' donations, children experiencing hunger will now have a meal to eat."
Feed My Starving Children was founded in 1987 and their mission is to feed every child until all are fed. The cost of one meal is less than 25 cents and allows a child to grow, thrive and develop to their full potential. Last year, FMSC produced over 398 million meals for children in need.
"We at Feed My Starving Children appreciate ACE Cash Express feeding kids through volunteering their time and by donating", said Hillary Coyle, Development Advisor at Feed My Starving Children. "Since FMSC meals are packed primarily by volunteers, ACE Cash Express has helped to empower communities around the world to move from relief to development."
Nationally, the 2022 Give A Little Campaign raised more than $164,000 for local chapters of charities across the country including AdoptAClassroom.org, Alex's Lemonade Stand Foundation, American Red Cross, Autism Speaks, Back on My Feet, Feed My Starving Children, Feeding America's Local Food Banks and Homes For Our Troops. This fundraiser is a part of the ACE Community Fund, ACE's charitable-giving program, which has donated more than $16 million since its inception in 2004 to organizations in communities where ACE operates.
Populus Financial Group™ provides financial services through its family of brands including ACE Cash Express®, ACE Elite® Visa® Prepaid Debit Card, Flare Account® and Porte™. Populus Financial Group delivers a broad range of financial products and services including short-term consumer loans, card services, check cashing, money transfers, bill payments and money orders. Visit PopulusFinancial.com for more information.
Feeding kids. Feeding spirits. Empowering communities.
Feed My Starving Children (FMSC) believes hope starts with food. As a Christian nonprofit, FMSC is dedicated to seeing every child whole in body and spirit. FMSC meals are packed primarily by volunteers, then sent to a network of partner organizations that stay with communities for the long haul, empowering them to move from relief to development. FMSC MarketPlace™ supports local artisans, paying a fair wage for handcrafted goods and using the retail profits to fund more meals for kids around the world. Since our founding in 1987, FMSC has shipped over 3 billion meals to more than 100 countries. Learn more at fmsc.org.
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SOURCE Populus Financial Group Inc. | https://www.wibw.com/prnewswire/2022/07/26/ace-cash-express-raises-7987-providing-33280-meals-children-need/ | 2022-07-26T16:38:14Z |
LONDON (AP) — Rapper Kendrick Lamar has closed this year’s Glastonbury Festival with a powerful headline set that saw him chant “Godspeed for women’s rights” as fake blood poured down his face from a crown of thorns.
Lamar, 35, ended his new song “Savior” by chanting “they judge you, they judge Christ. Godspeed for women’s rights” before dropping his microphone and walking off the stage at the music festival Sunday.
The dramatic protest came two days after the U.S. Supreme Court’s decision to strip away women’s constitutional protection for abortion.
The Pulitzer Prize-winning rapper was among big names including Diana Ross, Billie Eilish, Paul McCartney and Bruce Springsteen to feature at the festival in southwest England, which welcomed back 200,000 music fans for the first time since 2019 due to the coronavirus pandemic.
Ross, 78, treated the crowds to hits including “Baby Love” and “You Can’t Hurry Love” earlier Sunday, while McCartney, 80, performed Beatles classics and newer material during a two-hour set on Saturday.
McCartney duetted with Springsteen, and thanks to technology, he also sang a duet of “I’ve Got a Feeling” with remastered vocals from the late John Lennon as footage of Lennon was played on large screens.
In all, 3,000 performers played at the four-day festival, which celebrated its 50th anniversary. | https://cw33.com/entertainment-news/ap-entertainment/lamar-closes-glastonbury-with-call-for-womens-rights/ | 2022-06-28T08:21:25Z |
Mold, major leaks, and other mistreatment detailed in Senate’s military housing report
The Senate Permanent Subcommittee on Investigations released the results of its study on the privatized housing provider Balfour Beatty Communities Tuesday.
WASHINGTON (Gray DC) - The Senate Permanent Subcommittee on Investigations released the results of its 8-month investigation into the mistreatment of military families in privatized housing on Tuesday.
The bipartisan subcommittee investigated complaints of housing hazards including mold, major leaks, and other housing hazards that were allegedly ignored by military contractor Balfour Beatty Communities.
Officials said they conducted dozens of interviews and looked at more than 11,000 pages of data regarding the company’s operations. During a hearing on Capitol Hill, lawmakers detailed the findings; continuing failures within the company, environmental hazards, and falsified records, that they said are putting the health and safety of military families at risk.
Balfour Beatty Communities houses military families on 55 installations across the country. The company pleaded guilty to major fraud following a Department of Justice investigation late last year. The company agreed to pay $65 million for lying and manipulating data from 2013 through 2019.
Subcommittee officials said the company’s poor management persisted following the Department of Justice investigation.
Since 2019, congressional investigators have been looking at housing conditions on Fort Gordon in Georgia and Fort Sheppard in Texas.
As detailed in this report released Tuesday, the subcommittee said they found a “steady stream of new complaints” where Balfour “failed to act.” They also uncovered management failures through falsified documents and mislabeled work orders.
Once confronted with the report during a hearing on Capitol Hill, Balfour representatives denied many of the accusations.
Richard C. Taylor, President, Facility Operations, Renovation & Construction for Balfour Beatty Communities said the company has worked to improve since 2019 and now has promising resident survey results.
But others, like Rachel Christian with Armed Forces Housing Advocates, want the military to show Balfour Beatty Communities the door.
“The only way forward for military families to feel safe in their homes is for the contracts to be ended with Balfour Beatty,” she said.
She also noted the military housing problems stretch far beyond one single company.
The blame is twofold,” said Christian. “It is the housing companies who are choosing profits over people repeatedly, and it’s the DOD for failing to contribute to any form of oversight that would stop them from committing such heinous acts against their own service members.”
Congress is not a criminal court. Subcommittee officials said they wanted to shine a light on military housing issues.
Military members are not typically required to live in base housing.
The Washington News Bureau reached out to Balfour for comment, but they denied the request.
Copyright 2022 Gray DC. All rights reserved. | https://www.wibw.com/2022/04/26/mold-major-leaks-other-mistreatment-detailed-senates-military-housing-report/ | 2022-04-26T20:18:02Z |
US Coast Guard Clearwater Station rescues man outside of Jacksonville
Published: Jun. 3, 2022 at 11:55 AM EDT|Updated: 11 minutes ago
JACKSONVILLE, Fla. (WWSB) - U.S. Coast Guard Air Station Clearwater aircrew assisted with a medical emergency.
The crew medevaced a 60-year-old man aboard a 28-foot ocean rowboat , called the Amelia Earhart, 127 miles off the coast of Jacksonville, Fla. The man was experiencing chest pains and was transferred to Halifax Medical Center.
You can check out video of the crew in action here.
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/06/03/us-coast-guard-clearwater-station-rescues-man-outside-jacksonville/ | 2022-06-03T16:08:12Z |
Regional Needs Assessment Identifies Water Issues Across Bay Area
SAN FRANCISCO, Sept. 13, 2022 /PRNewswire/ -- The quality of drinking water, flooding, lack of access to adequate green space, contamination and pollutants, and trash are among the most urgent water-related concerns facing low-income and tribal populations around the nine-county Bay Area, according to the Regional Needs Assessment released today by the San Francisco Estuary Partnership. Led by members of disadvantaged and tribal communities, the report was developed through the Bay Area Integrated Regional Water Management Program's Disadvantaged Communities and Tribal Involvement program, which is funded by the California Department of Water Resources.
Concerns about tap water quality were particularly noted across the Bay Area, a region typically known for its high-quality drinking water. Water worries from the perspective of residents in Antioch, Bay Point, Dillon Beach, East Oakland, East Palo Alto, East San Jose, Marin City, North Richmond, Petaluma, Pittsburg, Point Reyes, San Francisco's Bayview Hunters Point neighborhood, San Rafael's Canal District and South Vallejo are noted in the report, as are the needs of people experiencing homelessness, who have some of the least access to water, sanitation, and hygiene.
"This report sheds light on the systemic and pervasive nature of water quality and water management problems shared by disadvantaged and tribal communities throughout the Bay Area. People in these communities have identified and sought solutions to these problems for decades, but too often have been ignored or have had their problems minimized as isolated incidents," says James Muller, manager for the Disadvantaged Communities and Tribal Involvement Program at the San Francisco Estuary Partnership.
The Regional Needs Assessment includes the findings of individual needs assessments conducted in 13 communities and five tribes and tribal organizations throughout the Bay Area, as well as in several locations where people are experiencing homelessness. The findings identify similar and pervasive problems shared by communities around the Bay Area. These problems fall under five intersecting categories: drinking water quality and affordability; flooding; industrial pollution and contamination; trash; and a lack of green space. Among the report's findings:
- Drinking water quality in disadvantaged communities was identified as a top priority concern: For instance, 75% of needs assessment participants in Marin City and East Palo Alto responded they use bottled water for cooking and drinking. In many areas, participants expressed concern that the water quality in their area is worse than in neighboring, more affluent areas.
- Native tribes' and disadvantaged communities' water problems intersect and overlap with public health disparities. Many participants directly linked their concerns over different water issues to their personal health and the health of their communities.
The report contains many recommendations directly from the community and tribal partners about how to address water-related challenges and to make funding opportunities more accessible and equitable. Highlighted recommendations include:
- Projects to address these problems must be community-driven. The Regional Needs Assessment advises government agencies to devote the time and resources to build relationships and trust with tribes and disadvantaged communities, and to help these communities build the capacity to implement solutions.
- Work directly with people experiencing homelessness to understand where and which recommendations from the assessment will be most helpful in different locations, and to understand how these needs differ by living situation, demographics, and other factors.
- Funding is one of the most important tools that public agencies throughout California have to assist disadvantaged communities and tribes that for generations have been underfunded, underrepresented, oppressed and/or ignored.
- The assessment recommends a majority of future Integrated Regional Water Management dollars be directed toward tribes and disadvantaged communities, which traditionally have received just 10 percent of this funding.
The Regional Needs Assessment is intended to be a first step toward understanding and elevating water-related issues from the perspective of the Bay Area's tribes and disadvantaged communities. Next steps will include following up on specific priorities identified in the Disadvantaged Community and Tribal sections of the report. The full report can be found at: https://www.sfestuary.org/dactip-regional-needs-assessment/.
Hosted by the Association of Bay Area Governments (ABAG), the San Francisco Estuary Partnership is a collaboration of local, state and federal agencies; non-governmental organizations; and academic and business leaders working to protect and restore the San Francisco Bay-Delta Estuary.
Community partners who led the assessment may be contacted at the following phone numbers:
- All Positives Possible: Ladonna Williams, (707) 342-7186
- Contra Costa Resource Conservation District: Chris Lim, (925) 269-9190
- Brower Dellums Institute for Sustainable Policy Studies and Action: Robin Freeman,
(510) 915-1452 - Friends of Sausal Creek: Anna Marie Schmidt, (510) 501-3672
- Greenaction: Bradley Angel, (415) 722-5270
- Marin City Climate Resilience and Health Justice: Ms. Terrie Green, (415) 336-6421
- Marin County Community Development Agency: Arti Kundu, (415) 473 7146
- The Multicultural Center of Marin: Marco Berger, (415) 960-5538
- Nuestra Casa: Kelly Hunt, (201) 401-5780
- Sonoma Ecology Center / Daily Acts: Brianna Schaefer, (707) 789-9664 / Tony Passantino, (707) 529-7493
- The Watershed Project: Anne Bremer, (510) 665-3430.
Tribal Partners who completed the Tribal Needs Assessment with the California Indian Environmental Alliance include:
- Amah Mutsun Tribal Band / Amah Mutsun Land Trust
- Association of Ramaytush Ohlone
- Him-r^n Ohlone, Jalquin, Saclan Tribe, Bay Miwok, Plains Miwok
- Muwékma Ohlone Tribe of the San Francisco Bay Area
- Napa Suscol Intertribal Council.
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SOURCE Association of Bay Area Governments; San Francisco Estuary Partnership | https://www.wibw.com/prnewswire/2022/09/14/drinking-water-quality-flooding-trash-top-water-concerns-disadvantaged-tribal-communities/ | 2022-09-14T02:43:53Z |
Seedrs Ltd. deployed and configured Alert Logic Intelligent Response in minutes, and immediately began blocking critical threats
HOUSTON, April 21, 2022 /PRNewswire/ -- Alert Logic by HelpSystems today announced general availability of its new intelligent response capabilities. The innovations, including simple mode and a mobile application, relieve IT and security departments of repetitive response tasks and the need for constant administration through human-guided and fully automated workflows. Seedrs, Europe's leading online private investment platform, is among the first adopters of the new capabilities, now available at no additional cost to Alert Logic MDR® customers.
Alert Logic Intelligent Response™ is designed to minimize the impact of a breach via embedded SOAR capabilities with workflows to enable response actions across network, endpoints, and cloud environments. This provides a backstop if attacks bypass prevention tools, improving an organization's security posture while allowing them to adopt automation at their own pace. As part of a holistic response strategy, the solution addresses detection, notification, and containment with multiple actions and use cases in a simplified user experience, making it easy for any organization to create automated response actions.
"The wizard-based user interface of Alert Logic's simple mode made the whole intelligent response configuration possible in just minutes," said Jonas Pereira, Senior DevOps Engineer, Seedrs. "I also have full visibility of our infrastructure, and our safety, literally in my pocket with the Alert Logic mobile application, ensuring we can effectively respond to any potential threat instantly."
Intelligent response simple mode focuses on the three most commonly needed actions:
- Shun an attacker at the edge of a network, for Alert Logic and AWS WAFs
- Isolate a host for SentinelOne or Microsoft Defender for Endpoint users
- Disable user credentials that may be compromised, via AWS IAM or Azure Active Directory (including Office 365)
These three use cases are vital for preventing attacks or reducing the impact of successful attacks. Organizations may introduce the human touch anywhere in the process and increase the level of automation to suit their needs. Customizable response playbooks also save time by helping security experts integrate automated response actions into their business processes.
In addition to simple mode, the Alert Logic mobile application streamlines human-guided response, allowing security teams to remotely execute decisions for response actions immediately. Using the mobile application, CISOs can instantly approve response actions from anywhere, for a more flexible work environment.
"The beta customers who helped guide development of Alert Logic Intelligent Response told us they needed a flexible solution that allowed them to adopt automation at their own pace to increase their security posture," said Onkar Birk, Managing Director, Alert Logic by HelpSystems. "We're putting response in front of people in an intuitive way, getting them involved in the process, taking security actions to contain problems, and enabling resource-stretched teams to deploy best practice security."
To learn more about Alert Logic Intelligent Response, visit https://www.alertlogic.com/why-alert-logic/intelligent-response/.
About Alert Logic by HelpSystems
Alert Logic by HelpSystems is the only managed detection and response (MDR) provider that delivers comprehensive coverage for public clouds, SaaS, on-premises, and hybrid environments. Since no level of investment prevents or blocks 100% of attacks, you need to continuously identify and address breaches or gaps before they cause real damage. With limited expertise and a cloud-centric strategy, this level of security can seem out of reach. Our cloud-native technology and white-glove team of security experts protect your organization 24/7 and ensure you have the most effective response to resolve whatever threats may come. Founded in 2002, Alert Logic is headquartered in Houston, Texas and has business operations, team members, and channel partners located worldwide. Learn more at alertlogic.com. Alert Logic – unrivaled security for your cloud journey.
About HelpSystems
HelpSystems is a software company focused on helping exceptional organizations secure and automate their operations. Our cybersecurity and automation software protects information and simplifies IT processes to give our customers peace of mind. We know security and IT transformation is a journey, not a destination. Let's move forward. Learn more at www.helpsystems.com.
© HelpSystems, LLC and its group of companies. All trademarks and registered trademarks are the property of their respective owners.
Alert Logic®, Alert Logic MDR®, and Alert Logic Managed Detection and Response® are registered trademarks of Alert Logic, Inc.
Alert Logic Intelligent Response™ is a trademark of Alert Logic, Inc.
For Alert Logic Inquiries:
Bob Wientzen
Public Relations
Alert Logic
281-456-4254
bob.wientzen@alertlogic.com
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SOURCE Alert Logic | https://www.wibw.com/prnewswire/2022/04/21/alert-logic-releases-industrys-most-holistic-intuitive-mdr-incident-response-capability-addressing-breach/ | 2022-04-21T15:56:36Z |
NEW YORK, July 21, 2022 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Wells Fargo & Company ("Wells Fargo" or the "Company") (NYSE: WFC) and certain of its officers. The class action, filed in the United States District Court for the Northern District of California, and docketed under 22-cv-03811, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Wells Fargo common stock between February 24, 2021 and June 9, 2022, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
If you are a shareholder who purchased or otherwise acquired Wells Fargo common stock during the Class Period, you have until August 29, 2022 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
Wells Fargo is a diversified financial services company that provides banking, investment, mortgage, and consumer and commercial finance products and services in the U.S. and internationally.
In 2020, Wells Fargo expanded its so-called "Diverse Search Requirement", also referred to as a diverse slate hiring policy, requiring that at least 50% of interview candidates must represent a historically underrepresented group with respect to at least one diversity dimension (including race/ethnicity, gender, LGBTQ, veterans, and people with disabilities) for most posted roles in the U.S. with total direct compensation greater than $100,000 per year. In addition, at least one interviewer on the hiring panel must represent a historically underrepresented group with respect to at least one diversity dimension.
The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Wells Fargo had misrepresented its commitment to diversity in the Company's workplace; (ii) Wells Fargo conducted fake job interviews in order to meet its Diverse Search Requirement; (iii) the foregoing conduct subjected Wells Fargo to an increased risk of regulatory and/or governmental scrutiny and enforcement action, including criminal charges; (iv) all of the foregoing, once revealed, was likely to negatively impact Wells Fargo's reputation; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
On May 19, 2022, the New York Times published an article entitled "At Wells Fargo, a Quest to Increase Diversity Leads to Fake Job Interviews". Citing discussions with "seven current and former Wells Fargo employees", including Joe Bruno, a former executive in the Company's wealth management division, the article reported, in relevant part, that "[f]or many open positions, employees would interview a 'diverse' candidate", but that "often, the so-called diverse candidate would be interviewed for a job that had already been promised to someone else." The article further reported that Mr. Bruno was fired after "complain[ing] to his bosses" about the practice.
On this news, Wells Fargo's common stock price fell $0.44 per share, or 1.04%, over two trading sessions, closing at $41.67 per share on May 20, 2022.
On June 6, 2022, Reuters published an article entitled "Wells Fargo pauses diverse slate hiring policy after reports of fake job interviews." The article reported that "Wells Fargo . . . is pausing a hiring policy that requires recruiters to interview a diverse pool of candidates, after the New York Times reported such interviews were often fake and conducted even though the job had already been promised to someone else." The same article also reported that "[t]he bank also plans to conduct a review of its diverse slate guidelines, Chief Executive Officer Charles Scharf told staff on Monday, according to a memo seen by Reuters."
Then, on June 9, 2022, the New York Times published an article entitled "Federal Prosecutors Open Criminal Inquiry of Wells Fargo's Hiring Practices." The article reported that federal prosecutors are investigating whether Wells Fargo violated federal laws by conducting fake job interviews in order to meet the Company's Diverse Search Requirement. The article also revealed that, since the New York Times' May 19, 2022 article focusing on the bank's wealth management business, "another 10 current and former employees have shared stories about how they were subject to fake interviews, or conducted them, or saw paperwork documenting the practice", and that "sham interviews occurred across multiple business lines, including its mortgage servicing, home lending and retail banking operations."
That same day, Wells Fargo issued a press release entitled "Wells Fargo response to New York Times article", which confirmed that "[e]arlier this week, the [C]ompany temporarily paused the use of its diverse slate guidelines", and that, "[d]uring this pause, the [C]ompany is conducting a review so that hiring managers, senior leaders and recruiters fully understand how the guidelines should be implemented – and so we can have confidence that our guidelines live up to their promise."
Following these disclosures, Wells Fargo's common stock price fell $3.68 per share, or 8.62%, over the following two trading sessions, closing at $38.99 per share on June 13, 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/2022/07/21/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-their-investment-wells-fargo-amp-company-class-action-lawsuit-upcoming-deadline-wfc/ | 2022-07-21T21:59:37Z |
Run-Rate Production of 14,948 Boe/d up 4% to Record Level (All Organic Growth)
Net DUCs and Permits up 7% to Record Level
Record Oil, Natural Gas and Natural Gas Liquids Revenue
Record Net Income and Consolidated Adjusted EBITDA
Record Cash Available for Distribution per Common Unit
Record Cash Distribution of $0.55 Declared
FORT WORTH, Texas, Aug. 4, 2022 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 122,000 gross wells across 28 states, today announced financial and operating results for the quarter ended June 30, 2022.
Second Quarter 2022 Highlights
- Record Q2 2022 run-rate daily production of 14,948 barrels of oil equivalent ("Boe") per day (6:1), an increase of 4% from Q1 2022 (all organic growth)
- Record Q2 2022 oil, natural gas and NGL revenues of $78.6 million, an increase of 21% from Q1 2022, reflecting improved realized commodity prices
- Record Q2 2022 net income of approximately $43.3 million and net income attributable to common units of approximately $37.9 million
- Record Q2 2022 consolidated Adjusted EBITDA of $53.5 million, an increase of 22% from Q1 2022
- Record cash available for distribution of $0.74 per common unit, an increase of 16% from Q1 2022
- Announces a Q2 2022 cash distribution of $0.55 per common unit, an increase of 17% from Q1 2022 and a new record, reflecting a payout ratio of 75% of cash available for distribution; implies a 12.7% annualized yield based on the August 3, 2022 closing price of $17.34 per common unit; Kimbell intends to utilize the remaining 25% of its cash available for distribution to repay a portion of the outstanding borrowings under Kimbell's secured revolving credit facility
- As of June 30, 2022, Kimbell's major properties1 had 5.36 net drilled but uncompleted wells ("DUCs") and net permitted locations on its acreage (2.38 net DUCs and 2.98 net permitted locations), up from 5.03 net DUCs and net permitted locations as of March 31, 2022 and a new record
- As of June 30, 2022, Kimbell had 74 rigs actively drilling on its acreage, up 1% from Q1 2022 and representing 10.1%2 market share of all rigs drilling in the continental United States as of such time
- Kimbell affirms its financial and operational guidance ranges for 2022 previously disclosed in its Q4 2021 earnings release
Robert Ravnaas, Chairman and Chief Executive Officer of Kimbell Royalty GP, LLC, Kimbell's general partner (the "General Partner"), commented, "Continuing the momentum from Q1 2022, strong commodity prices coupled with organic production growth resulted in several new records for Kimbell. In addition, net DUCs and permits reached record levels at the end of Q2 2022, reflecting increased activity and line-of-site on our acreage. I am particularly pleased with the 4% organic production growth in Q2 2022, driven mainly by significant new production from multiple high interest wells in the Haynesville. Reflecting these strong quarterly results, I am pleased to announce today that our Q2 2022 distribution was a new record at $0.55 cents per common unit.
"Recessionary fears have now permeated the economy and U.S. gasoline demand has decreased, resulting in a steep drop in oil prices from the March 2022 highs. However, upstream operators across the United States have generally kept production growth constrained, which should provide a backstop to the magnitude of potential downside in oil prices from current levels. In fact, overall U.S. oil production has grown only approximately 2% this year even with multi-year highs in commodity prices. After a significant correction in natural gas prices from June highs, natural gas prices are again trending higher, reflecting record power demand and tepid production growth. This price increase is happening notwithstanding approximately 2 bcf/d of demand temporarily lost due to a major LNG export facility being offline. These higher oil and natural gas prices are supporting activity increases across all major basins, which we are seeing in increased lease bonus activity as well as record net DUCs and permits. We continue to see operators maintaining discipline even in the face of these higher prices and expect only modest production growth as we finish out 2022.
"As we look forward in 2022 and beyond, we remain very bullish about the industry overall, are extremely excited about our role as a leading consolidator in the oil and natural gas royalty sector and the prospects for Kimbell to generate long-term unitholder value for years to come."
Second Quarter 2022 Distribution and Debt Repayment
Today, the Board of Directors of the General Partner (the "Board of Directors") declared a cash distribution payment to common unitholders of 75% of cash available for distribution for the second quarter of 2022, or $0.55 per common unit. The distribution will be payable on August 22, 2022 to common unitholders of record at the close of business on August 15, 2022. Kimbell plans to utilize the remaining 25% of cash available for distribution for the second quarter of 2022 to pay down a portion of the outstanding borrowings under its secured revolving credit facility. Since May 2020 (excluding the expected upcoming pay down from the remaining 25% of Q2 2022 projected cash available for distribution), Kimbell has paid down approximately $63.0 million of outstanding borrowings under its secured revolving credit facility by allocating a portion of its cash available for distribution for debt pay down.
On May 9, 2022, Kimbell made a cash distribution to its common unitholders and subsequently has reasonably estimated that a portion of that distribution, as well as a portion of the distribution payable on August 22, 2022, should not constitute dividends for U.S. federal income tax purposes. Approximately 58% of the distribution that was paid on May 9, 2022 and approximately 50% of the distribution payable on August 22, 2022 are estimated to constitute non-taxable reductions to the tax basis of each distribution recipient's ownership interest in Kimbell. The reduced tax basis will increase unitholders' capital gain (or decrease unitholders' capital loss) when unitholders sell their common units. The Form 8937 containing additional information may be found at www.kimbellrp.com under "Investor Relations" section of the site. Kimbell currently believes that the portion that constitute dividends for U.S. federal income tax purposes will be considered qualified dividends, subject to holding period and certain other conditions, which are subject to a tax rate of 0%, 15% or 20% depending on the income level and tax filing status of a unitholder for 2022. Kimbell believes these estimates are reasonable based on currently available information, but they are subject to change.
Financial Highlights
Kimbell's second quarter 2022 average realized price per Bbl of oil was $107.96, per Mcf of natural gas was $6.93, per Bbl of NGLs was $46.10 and per Boe combined was $57.78.
During the second quarter of 2022, Kimbell's total revenues were $72.7 million, net income was approximately $43.3 million and net income attributable to common units was approximately $37.9 million, or $0.66 per common unit.
Total second quarter 2022 consolidated Adjusted EBITDA was $53.5 million (consolidated Adjusted EBITDA is a non-GAAP financial measure. Please see a reconciliation to the nearest GAAP financial measures at the end of this news release).
In the second quarter of 2022, Kimbell's G&A expense was $7.9 million, $4.9 million of which was Cash G&A expense, or $3.61 per Boe (Cash G&A and Cash G&A per Boe are non-GAAP financial measures. Please see definition under Non-GAAP Financial Measures in the Supplemental Schedules included in this news release).
As of June 30, 2022, Kimbell had approximately $216.1 million in debt outstanding under its secured revolving credit facility, had net debt to second quarter 2022 trailing twelve month consolidated Adjusted EBITDA of approximately 1.2x and remained in compliance with all financial covenants under its secured revolving credit facility. Kimbell had approximately $83.9 million in undrawn capacity under its secured revolving credit facility as of June 30, 2022.
As of June 30, 2022 and August 4, 2022, Kimbell had outstanding 57,331,833 common units and 8,211,579 Class B units.
Production
Second quarter 2022 average daily production was 14,948 Boe per day (6:1), which was composed of approximately 63% from natural gas (6:1) and approximately 37% from liquids (24% from oil and 13% from NGLs).
Operational Update
As of June 30, 2022, Kimbell's major properties had 693 gross (2.38 net) DUCs and 708 gross (2.98 net) permitted locations on its acreage. In addition, as of June 30, 2022, Kimbell had 74 rigs actively drilling on its acreage, which represents an approximate 10.1% market share of all land rigs drilling in the continental United States as of such time.
Hedging Update
Kimbell maintains a consistent hedging methodology, and hedges out two years on a rolling quarterly basis. The Company's commodity derivative contracts consist of fixed price swaps, under which Kimbell receives a fixed price for the contract and pays a floating market price to the counterparty over a specified period for a contracted volume. Kimbell hedges expected daily production based on the amount of debt as a percent of total enterprise value.
The following provides information concerning Kimbell's hedge book as of June 30, 2022:
Conference Call
Kimbell Royalty Partners will host a conference call and webcast today at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss second quarter 2022 results. To access the call live by phone, dial 201-389-0869 and ask for the Kimbell Royalty Partners call at least 10 minutes prior to the start time. A telephonic replay will be available through August 11, 2022 by dialing 201-612-7415 and using the conference ID 13730699#. A webcast of the call will also be available live and for later replay on Kimbell's website at http://kimbellrp.investorroom.com under the Events and Presentations tab.
Presentation
On August 4, 2022, Kimbell posted an updated investor presentation on its website. The presentation may be found at http://kimbellrp.investorroom.com under the Events and Presentations tab. Information on Kimbell's website does not constitute a portion of this news release.
About Kimbell Royalty Partners, LP
Kimbell (NYSE: KRP) is a leading oil and gas mineral and royalty company based in Fort Worth, Texas. Kimbell owns mineral and royalty interests in approximately 16 million gross acres in 28 states and in every major onshore basin in the continental United States, including ownership in more than 122,000 gross wells with over 46,000 wells in the Permian Basin. To learn more, visit kimbellrp.com.
Forward-Looking Statements
This news release includes forward-looking statements, in particular statements relating to Kimbell's financial, operating and production results and prospects for growth, drilling inventory, growth potential, identified locations, the tax treatment of Kimbell's distributions, future natural gas and other commodity prices, changes to supply and demand for oil, natural gas and NGLs and the ongoing COVID-19 pandemic and its impacts on Kimbell and on the oil and gas industry. These and other forward-looking statements involve risks and uncertainties, including risks that the anticipated benefits of acquisitions are not realized, risks relating to the COVID-19 pandemic, and uncertainties relating to Kimbell's business, prospects for growth and acquisitions and the securities markets generally, as well as risks inherent in oil and natural gas drilling and production activities, including risks with respect to potential declines in prices for oil and natural gas that could result in downward revisions to the value of proved reserves or otherwise cause operators to delay or suspend planned drilling and completion operations or reduce production levels, which would adversely impact cash flow, risks relating to the impairment of oil and natural gas properties, risks relating to the availability of capital to fund drilling operations that can be adversely affected by adverse drilling results, production declines and declines in oil and natural gas prices, risks relating to Kimbell's ability to meet financial covenants under its credit agreement or its ability to obtain amendments or waivers to effect such compliance, risks relating to Kimbell's hedging activities, risks of fire, explosion, blowouts, pipe failure, casing collapse, unusual or unexpected formation pressures, environmental hazards, and other operating and production risks, which may temporarily or permanently reduce production or cause initial production or test results to not be indicative of future well performance or delay the timing of sales or completion of drilling operations, risks relating to delays in receipt of drilling permits, risks relating to unexpected adverse developments in the status of properties, risks relating to borrowing base redeterminations by Kimbell's lenders, risks relating to the absence or delay in receipt of government approvals or third-party consents, risks relating to acquisitions, dispositions and drop downs of assets, risks relating to Kimbell's ability to realize the anticipated benefits from and to integrate acquired assets, risks relating to tax matters, and other risks described in Kimbell's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission (the "SEC"), available at the SEC's website at www.sec.gov. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Except as required by law, Kimbell undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this news release. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Kimbell's filings with the SEC.
Contact:
Rick Black
Dennard Lascar Investor Relations
krp@dennardlascar.com
(713) 529-6600
– Financial statements follow –
Kimbell Royalty Partners, LP
Supplemental Schedules
NON-GAAP FINANCIAL MEASURES
Adjusted EBITDA, Cash G&A and Cash G&A per Boe are used as a supplemental non-GAAP financial measures by management and external users of Kimbell's financial statements, such as industry analysts, investors, lenders and rating agencies. Kimbell believes Adjusted EBITDA is useful because it allows us to more effectively evaluate Kimbell's operating performance and compare the results of Kimbell's operations period to period without regard to its financing methods or capital structure. In addition, management uses Adjusted EBITDA to evaluate cash flow available to pay distributions to Kimbell's unitholders. Kimbell defines Adjusted EBITDA as net income (loss), net of depreciation and depletion expense, interest expense, income taxes, impairment of oil and natural gas properties, non cash unit based compensation, unrealized gains and losses on derivative instruments, cash distribution from affiliate, equity income (loss) in affiliate, gains and losses on sales of assets and operational impacts of variable interest entities, which include general and administrative expense and interest income. Adjusted EBITDA is not a measure of net income (loss) or net cash provided by operating activities as determined by GAAP. Kimbell excludes the items listed above from net income (loss) in arriving at Adjusted EBITDA because these amounts can vary substantially from company to company within Kimbell's industry depending upon accounting methods and book values of assets, capital structures and the method by which the assets were acquired. Certain items excluded from Adjusted EBITDA are significant components in understanding and assessing a company's financial performance, such as a company's cost of capital and tax structure, as well as historic costs of depreciable assets, none of which are components of Adjusted EBITDA. Adjusted EBITDA should not be considered an alternative to net income, oil, natural gas and natural gas liquids revenues, net cash provided by operating activities or any other measure of financial performance or liquidity presented in accordance with GAAP. Kimbell's computations of Adjusted EBITDA may not be comparable to other similarly titled measures of other companies. Kimbell expects that cash available for distribution for each quarter will generally equal its Adjusted EBITDA for the quarter, less cash needed for debt service and other contractual obligations, tax obligations, and fixed charges and reserves for future operating or capital needs that the Board of Directors may determine is appropriate.
Kimbell believes Cash G&A and Cash G&A per Boe are useful metrics because they isolate cash costs within overall G&A expense and measure cash costs relative to overall production, which is a widely utilized metric to evaluate operational performance within the energy sector. Cash G&A is defined as Kimbell's general and administrative expenses less unit-based compensation expense. Cash G&A per Boe is defined as Cash G&A divided by total production for a period. Cash G&A should not be considered an alternative to G&A expense presented in accordance with GAAP. Kimbell's computations of Cash G&A and Cash G&A per Boe may not be comparable to other similarly titled measures of other companies.
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SOURCE Kimbell Royalty Partners, LP | https://www.wibw.com/prnewswire/2022/08/04/kimbell-royalty-partners-announces-record-second-quarter-2022-results/ | 2022-08-04T11:48:08Z |
TORONTO, June 2, 2022 /PRNewswire/ -- Nuula, a fintech company focused on providing small businesses with the tools and the capital they need to succeed, today announced that it is partnering with OneVest to launch an integrated Wealth Management feature within the Nuula app designed to serve the needs of entrepreneurs.
Small business owners are typically solely responsible for their own wealth management. From retirement, to investing, to planning for major life events, they do not have the benefit of employer programs. Furthermore, wealth management is complicated by the fact that often small business owners' wealth is tied solely to their business. According to Forbes, one third of small business owners do not have a retirement savings plan at all.
Nuula is launching a new wealth management service to give small business owners a way to help diversify their wealth, and plan for critical milestones in their lives like retirement, buying a home, or expanding their family.
Nuula chose OneVest because it provides a highly competitive private wealth management service that offers a straightforward goals-based approach that can be matched to the risk profile, age and stage of the entrepreneur, in addition to flexible access to capital, all of which are critical to small business owners.
Nuula users will now be able to fund an investment account, set goals, and track their progress. What is more, the feature provides users with a fully automated, activity managed, goals-based investment experience, personalized to them.
"Private wealth management – a service typically reserved for high-net-worth individuals – is now available to small business owners and entrepreneurs on the Nuula app," said Mark Ruddock, CEO at Nuula. "Small business owners can easily invest towards clear goals like retirement and avoid the risks implicit in having all of their capital tied up in their business. The solution is fully integrated within Nuula, so our customers can manage their business and their investments in one place. We want to empower small business owners to be successful in all aspects of their lives and helping them build wealth is an important part of that."
"OneVest, embedded into the Nuula app, provides a simple way for users to design smarter investment portfolios aligned to what matters to them," said Amar Ahluwalia, Co-founder, and CEO at OneVest. "We are excited to partner with Nuula and bring small business owners and entrepreneurs an effortless way for them to grow their investments while reducing risk."
Nuula's wealth management service will allow small businesses to set specific investment goals and milestones; watch the performance of their investments, which are actively managed and automatically rebalanced on their behalf; and potentially benefit from sophisticated investment solutions that are comprised of unique asset classes and investment strategies.
Nuula will be announcing additional features and partnerships in the coming months.
About Nuula
Nuula is building the future of small business success. Launched in 2021, Nuula is a financial services and technology company focused on serving the small to medium-sized business community. Nuula provides real-time data and analytics, allowing businesses to manage their cash flow, monitor their credit ratings and user reviews, and more. To learn more about Nuula, visit www.nuula.com.
About OneVest
OneVest is a financial technology company on a mission to reinvent wealth management. The company offers an embedded Wealth-as-a-Service (WaaS) platform that allows any enterprise to offer personalized investment portfolios via a simple API. OneVest manages all the complexities of providing cutting-edge wealth management for enterprises. OneVest is backed by notable investors including Luge Capital, OMERS Ventures, AAF Management, FJ Labs, NAventures, Panache Ventures and Harvest Venture Partners. For more information, please visit www.onevest.com.
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SOURCE Nuula | https://www.mysuncoast.com/prnewswire/2022/06/02/nuula-adds-wealth-management-its-list-financial-products/ | 2022-06-02T15:56:42Z |
Youngest of 10 Buffalo shooting victims being laid to rest
Published: May. 21, 2022 at 1:18 AM EDT|Updated: 10 minutes ago
SYRACUSE, N.Y. (AP) — A 32-year-old woman who was the youngest of the 10 Black people killed at a Buffalo supermarket was remembered as big-hearted and quick with a laugh before her funeral.
Final goodbyes for Roberta Drury were set to take place Saturday morning at the Assumption Church in Syracuse, not far from where she grew up in Cicero.
Drury moved to Buffalo a decade ago to help tend to her brother in his fight against leukemia. She was shot to death last Saturday on a trip to buy groceries at the supermarket targeted by the gunman.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/05/21/youngest-10-buffalo-shooting-victims-being-laid-rest/ | 2022-05-21T05:28:53Z |
HARRISBURG, Pa., May 2, 2022 /PRNewswire/ -- LINKBANCORP, Inc. (OTC Pink: LNKB) (the "Company"), the parent company of The Gratz Bank, including its LINKBANK division (the "Bank") reported net income of $1.524 million, or $0.15 per diluted share, for the quarter ended March 31, 2022.
First Quarter Highlights
- The Company crossed $1 billion in total assets
- First quarter organic loan growth of $29 million, exclusive of PPP loans
- Noninterest bearing deposits grew $36 million since December 31, 2021
- Net interest margin expands to 3.40%
Andrew Samuel, Chief Executive Officer, commented, "We are very pleased by the results of our first quarter free of merger-related charges related to the combination with GNB Financial Services, Inc., crossing over the $1 billion threshold and demonstrating growing earnings potential as we begin to recognize economies of scale and increasing operating leverage." He continued, "Key additions within areas experiencing varying levels of market disruption, including the York and Delaware Valley markets, are expected to help fuel further loan and earnings growth and complement the strong performance of our core Capital, Lancaster and Gratz Regions."
Total assets were $1.036 billion at March 31, 2022 compared to $932.8 million at December 31, 2021 and $443.8 million at March 31, 2021.1 Deposits and net loans as of March 31, 2022 totaled $862.2 million and $727.6 million, respectively, compared to deposits and net loans of $771.7 million and $711.7 million, respectively, at December 31, 2021 and $388.8 million and $233.1 million, respectively, at March 31, 2021. The $15.8 million increase in net loans from December 31, 2021 includes $29 million in primarily commercial organic loan growth including the impact of forgiven loans under the U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP), which declined $13.2 million to $10.6 million at March 31, 2022. The $90.5 million increase in deposits from December 31, 2021 was driven largely by a $20 million increase in brokered deposits and $35.9 million increase in noninterest bearing demand accounts. Technology enhancements, such as digital account opening, continue to provide increased opportunities for the Bank to acquire new client relationships that service clients in a more efficient and cost effective manner.
As of March 31, 2022, the Company's non-performing assets were $1.2 million, representing 0.12% of total assets. Non-performing assets at March 31, 2022 excluded purchased credit impaired loans with a balance of $5.6 million, inclusive of $4.1 million in loans held for sale. The allowance for loan losses measured 0.47% of total loans, or approximately 0.91% of the non-purchased portfolio, at March 31, 2022. The total reserve when including the allowance for loan losses and the credit fair value adjustment made to loans acquired in the merger totaled $10.1 million or approximately 1.38% of the combined portfolio at March 31, 2022.
Net interest income for the first quarter of 2022 increased to $7.5 million compared to $7.1 million in the fourth quarter of 2021 primarily as a result of average asset growth. Net interest income does not include recognition of any fees from SBA PPP loans, which were included in purchase accounting adjustments in connection with the GNB Financial merger. Net interest margin increased to 3.40% in the first quarter of 2022 from 3.30% in the fourth quarter of 2021. The increase in net interest margin was primarily a result of an increase in yield on loans. Non-interest income increased from $581 thousand in the fourth quarter of 2021 to $711 thousand in the first quarter of 2022, driven largely by a gain on the sale of an SBA loan.
Noninterest expense for the first quarter of 2022 totaled $6.1 million, compared to $6.8 million for the three months ended December 31, 2021, primarily due to the absence of merger related expenses. Salaries and employee benefits expense remained relatively steady quarter over quarter, with a slight increase to $3.7 million for the first quarter of 2022 compared to $3.6 million for the prior quarter. This increase reflected compensation costs related to the Bank's expansion in the Delaware Valley and York markets in addition to certain strategic hires to support continued growth.
Shareholders' equity decreased from $109.6 million at December 31, 2021 to $106.3 million at March 31, 2022 due to a $4.1 million decrease in accumulated other comprehensive income (loss) as a result of unrealized losses on available-for-sale securities due to the increase in interest rates. The unrealized loss was partially offset by net income less dividends declared.
On April 8, 2022, the Company completed a $20.0 million private placement of Fixed-to-Floating Rate Subordinated Notes due 2032, structured to qualify as Tier 2 capital for regulatory capital purposes. The Company subsequently contributed $15 million of the proceeds to the Bank as additional capital.
ABOUT LINKBANCORP, Inc.
LINKBANCORP, Inc. was formed in 2018 with a mission to positively impact lives through community banking. Its subsidiary bank, The Gratz Bank, is a Pennsylvania state-chartered bank serving individuals, families, nonprofits and business clients throughout Central and Southeastern Pennsylvania through 10 client solutions centers of The Gratz Bank and LINKBANK, a division of The Gratz Bank. LINKBANCORP, Inc. common stock is traded over the counter (OTC Pink) under the symbol "LNKB". For further company information, visit ir.linkbancorp.com.
Forward Looking Statements
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of current or historical fact and involve substantial risks and uncertainties. Words such as "anticipates," "believes," "estimates," "expects," "forecasts," "intends," "plans," "projects," "may," "will," "should," and other similar expressions can be used to identify forward-looking statements. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. Among the risks and uncertainties that could cause actual results to differ from those described in the forward-looking statements include, but are not limited to the following: costs or difficulties associated with newly developed or acquired operations; changes in general economic trends, including inflation and changes in interest rates; increased competition; changes in consumer demand for financial services; our ability to control costs and expenses; adverse developments in borrower industries and, in particular, declines in real estate values; changes in and compliance with federal and state laws that regulate our business and capital levels; our ability to raise capital as needed; and the effects of the COVID-19 pandemic and actions taken by governments, businesses and individuals in response. The Company does not undertake, and specifically disclaims, any obligation to publicly revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements, except as required by law. Accordingly, you should not place undue reliance on forward-looking statements.
Contact:
Nicole Ulmer
Corporate and Investor Relations Officer
717.803.8895
IR@linkbancorp.com
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SOURCE LINKBANCORP, INC. | https://www.mysuncoast.com/prnewswire/2022/05/02/linkbancorp-inc-announces-first-quarter-2022-financial-results/ | 2022-05-03T00:47:13Z |
NEW YORK, April 18, 2022 /PRNewswire/ -- Silvio Scaglia, famed as a technological entrepreneur featured on the cover of Forbes Magazine and named by Time Magazine as one of the gurus who survived the dot.com crisis, and Michelle-Marie Heinemann, founder of a luxury lifestyle brand and conglomerate, Old Fashioned Mom LLC, which teaches how to apply old-fashioned values of traditional motherhood to a modern world, today announced a long term love commitment to each other.
"We have found true love," Scaglia and Heinemann said today. "We plan to spend the rest of our lives together."
The Scaglia-Heinemann announcement was first reported on Sunday by Sara Nathan of the New York Post's Page Six.
Scaglia is the owner of Elite World Group, one of the world's leading model and fashion companies. Heinemann, a well-known New York City socialite, established Old Fashioned Mom LLC as a conglomerate specializing in Media, Broadcasting and Products with businesses around the world heralded in the media and among consumers.
"We wish the world Happy Easter and Passover," Scaglia and Heinemann said in a joint statement issued on Sunday.
"We especially ask everyone who cares about peace and decency around the world to pray for Ukrainians today as well. May they prevail over the inhumanity of the Russian invaders. Our hearts and prayers are with all Ukrainians in their mother country and those forced to flee to avoid the slaughter of women and children by the Russian invaders. We support the right of Ukraine to be free and independent and at peace, as should all Americans."
Of Michelle-Marie Heinemann, Scaglia said, "She is a distinguished person of serious achievements, and I admire and respect her and love her greatly. Her brand Old Fashioned Mom has made a big difference in people's lives. Her commitment to traditional family values is one of the many reasons why I have fallen in love with her and want to spend the rest of my life with her."
Heinemann said, "I have great admiration for Silvio Scaglia's personal character, his loving and kind nature, and his brilliant intellectual gifts in technology and building successful businesses. He is a beautiful person, and I love him very much. And I finally found true love."
Aside from his ownership of the famous global modeling powerhouse Elite World Group, Scaglia also founded Fastweb, a multi-billion dollar European telecom company.
Michelle-Marie Heinemann is also known as an artist, sculptress, writer, and philanthropist. She sold her Fifth Avenue apartment to Carlos Alberto Da Veiga Sicupira, a Brazilian beer billionaire and partner in 3G Capital, for 6.2 million. Before starting her lifestyle brand, Heinemann was a recognized artist and sculptress, having her work featured all over the world, including the windows of Tiffany and Co. on Fifth Avenue. She resides in New York with her two children, Hudson and Hyacinth.
Lanny Davis is the attorney for Silvio Scaglia and advised him on this press release.
Media Contact:
tpearson@tridentdmg.com
202-235-3482
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SOURCE Lanny Davis | https://www.mysuncoast.com/prnewswire/2022/04/18/silvio-scaglia-owner-elite-world-group-technological-entrepreneur-finds-true-love-plans-future-with-michelle-marie-heinemann-well-known-nyc-socialite-founder-successful-luxury-lifestyle-brand-old-fashioned-mom/ | 2022-04-18T21:04:30Z |
Crosby, Penguins have Rangers on brink heading into Game 5
By VIN A. CHERWOO
AP Sports Writer
Sidney Crosby and the Pittsburgh Penguins are one win from advancing to the second round of the NHL playoffs for the first time in four years. They can do that Wednesday night in Game 5 at Madison Square Garden against the New York Rangers. The Penguins have torched New York goalie Igor Shesterkin for 10 goals in three periods over the last two games, chasing him twice. There are other games on Wednesday night: Washington at Florida and Dallas at Calgary. Both of those series are tied 2-2. | https://localnews8.com/news/2022/05/10/crosby-penguins-have-rangers-on-brink-heading-into-game-5/ | 2022-05-10T23:04:38Z |
DALLAS (KDAF) — Another lottery game another jackpot rolling on to gain more steam (jackpot prize money) and this time it’s a game that resides in the great state of Texas, but its most recent drawing didn’t go on without giving away some prize money.
Lotto Texas’ drawing on July 27 didn’t see a jackpot-winning ticket and therefore the $8.25 million jackpot rolls onto July 30 where the top prize rises to $8.5 million (cash value of $5.62). The winning numbers for the drawing were 6, 8, 10, 15, 44 and 46.
While no one matched all six winning numbers there were numerous players who matched five to win at least $1,331 and as much as $11,331 (if they chose the Extra! option). There were 16 total winners who matched five of the six winning numbers and three of them chose the Extra! option to take their winnings to another level.
In total from this Lotto Texas drawing there were over 40,000 winners who won at least $2 and as much as $11,331. | https://cw33.com/news/texas/3-11331-winning-texas-lottery-tickets-sold-around-texas/ | 2022-07-28T17:32:26Z |
Qdata Prostate Cancer is Verana Health's first disease-specific data module for urology to help inform research for prostate cancer care
SAN FRANCISCO, May 12, 2022 /PRNewswire/ -- Verana Health®—a digital health company elevating quality in real-world data—today announced the launch of Urology Qdata™. Urology Qdata for life sciences companies will be featured at this year's American Urological Association (AUA) annual meeting alongside Verana Health's solutions for urologists, including Verana Trial Connect for physicians interested in participating in clinical trials. The annual meeting is taking place in New Orleans, Friday, May 13 to Monday, May 16.
Urology Qdata comprises quality, disease-specific, de-identified datasets to help power urologic research and shape therapeutic strategies. The data stems from Verana Health's exclusive partnership with the AUA to curate, de-identify, and analyze electronic health record (EHR) data from the AUA Quality Registry (AQUA), which includes 8 years of longitudinal data from more than 2,100 healthcare providers and nearly 10 million patients. Verana Health transforms data from this network of urologists into quality real-world data (RWD) through its VeraQ™ population health data engine. VeraQ uses clinician-led artificial intelligence (AI) approaches, such as machine learning (ML) and natural language processing (NLP), to bring meaning to structured and unstructured data at scale.
Qdata™ Prostate Cancer, the first urology module to launch, is a high-quality, real-world dataset comprising an extensive cohort of patients with prostate cancer. It is reflective of the patient journey, which is gleaned from urologists' de-identified EHR data and linked with claims data for more than 100,000 patients. Following the release of Qdata Prostate Cancer, Verana Health expects to release additional Urology Qdata modules for urologic diseases including non-muscle invasive bladder cancer (NMIBC), overactive bladder, and benign prostatic hyperplasia (BPH).
"Prostate cancer is the second-most common type of cancer in men and results in the deaths of approximately 29,000 Americans each year," said Michael T. Sheppard, CPA, CAE, American Urological Association CEO and Verana Health board member. "Early detection is critical for improving the prognosis and reducing the mortality of patients with prostate cancer. Qdata Prostate Cancer could help inform earlier disease detection and guide better risk stratification for patients with organ-confined prostate cancer, helping to drive prostate cancer research—and ultimately care—forward."
Prostate cancer occurs when a tumor forms in a man's prostate, a gland beneath the bladder that produces seminal fluid, usually in the mid-to-late stage of life. A combination of genetic factors, including inherited and acquired mutations, and environmental factors, such as diet, contribute to the disease. Organ-confined prostate cancer is localized to the prostate and has not spread to other parts of the body. Early detection—often through urologic care—can help reduce the likelihood of the disease progressing into metastatic prostate cancer, where the disease has spread beyond the prostate.
"Primary measures used to identify prostate cancer severity and progression, such as Prostate-Specific Antigen (PSA) levels and Gleason Scores, are frequently documented in free-form physician notes within urologists' EHRs, presenting challenges for researchers and clinicians in accessing this vital information in a structured, standardized manner," said Jennifer Bepple, MD, board-certified urologist and Verana Health clinical advisor. "Qdata Prostate Cancer applies physician-guided algorithms to extract critical information from unstructured data, giving researchers unprecedented insights into the journey of patients with prostate cancer, which could help inform the standard of care for patients."
Qdata Prostate Cancer gives RWE researchers unique insight into prostate cancer disease progression by opening up access to primary measures. Additionally, it provides an earlier view into the prostate cancer journey by offering a better understanding of treatment decisions when the disease is organ confined. To guide this, the curated data module includes key variables, such as PSA level, Gleason score, TNM (tumor, node, metastasis) staging, active surveillance status, testosterone level, and more.
"With Qdata Prostate Cancer, life sciences companies gain a valuable source of real-world evidence into the prostate cancer journey that can accelerate various stages of therapeutic development, including comparative effectiveness research, clinical trial site selection, and post-approval evidence generation," said Sujay Jadhav, CEO of Verana Health. "Patients with prostate cancer benefit when researchers develop a better understanding of treatment decisions, patterns, and outcomes—throughout the patient journey—and we hope that Qdata Prostate Cancer helps to advance insights to improve the quality of care."
Verana Health at the 2022 American Urological Association Annual Meeting
Verana Health will be exhibiting at AUA 2022 (Booth #2529), promoting Qdata Prostate Cancer and showcasing its Verana Trial Connect platform, which is available to interested AQUA Registry participants. Verana Trial Connect supports registry-powered clinical trials for investigators who conduct research at trial sites. Additionally, the technology supports physicians who would like to refer their patients to trials.
Shrujal Baxi, MD, Verana Health senior vice president of clinical and scientific solutions, will deliver in-booth presentations on AQUA data at 12 p.m. CT daily from May 13 to 15. Additionally, Kari Goodman, PhD, Verana Health clinical trials product manager, will deliver presentations on Verana Health's clinical trial offerings at 12:15 p.m. CT on the same dates.
Dr. Baxi will also join the AUA leaders at an AQUA Registry Forum and breakfast from 8:00 a.m. to 10:00 a.m. CT in the Rivergate Room on Friday, May 13. The forum will provide an overview of the AQUA Registry and how it can benefit urologists, their practices, and their patients.
The following two research abstracts, using AQUA Registry data, will also be presented during the meeting:
- Matthew Cooperberg, MD, will present "Active Surveillance for Low-risk Prostate Cancer: Time Trends and Variation in the AUA Quality (AQUA) Registry" from 10:30 a.m. to 11:45 a.m. CT on Sunday, May 15, in room 222.
- Amy Showen, MD, MSC, will present "Practice Patterns in the Surgical Management of Urolithiasis: Data from the AUA Quality (AQUA) Registry" from 4:40 p.m. to 4:50 p.m. CT on Sunday, May 15, in room 255.
To learn more about Qdata Urology, or to meet with Verana Health at AUA 2022, click here.
About Verana Health
Verana Health® is a digital health company elevating quality in real-world data. Verana Health operates an exclusive real-world data network of more than 20,000 healthcare providers (HCPs) and about 90 million de-identified patients, stemming from its strategic data partnerships with the American Academy of Ophthalmology®, American Academy of Neurology®, and American Urological Association. Using its clinician-informed and artificial intelligence-enhanced VeraQ™ population health data engine, Verana Health transforms structured and unstructured healthcare data into curated, disease-specific data modules, Qdata™. Verana Health's Qdata helps power analytics solutions and software-as-a-service products for real-world evidence generation, clinical trials enablement, HCP quality reporting, and medical registry data management. Verana Health's quality data and insights help drive progress in medicine to enhance the quality of care and quality of life for patients. For more information, visit www.veranahealth.com.
Media contact:
Megan Moriarty
Amendola Communications
913.515.7530
mmoriarty@acmarketingpr.com
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SOURCE Verana Health | https://www.mysuncoast.com/prnewswire/2022/05/12/verana-health-launches-urology-qdata-insights-offerings-american-urological-association-annual-meeting/ | 2022-05-13T02:29:20Z |
The short documentary video opens with a high school student explaining how human waste flows up from the ground and floods an area where he and his friends eat lunch.
In the eight-minute video with background music and captions of key quotes, students at Druid Hills High School use iPhones to document the classrooms, hallways and bathrooms that are crumbling around them.
In several scenes, plaster is falling off walls, and water is dripping around electrical outlets in one area. So much water has leaked into the weight room that it oozes up from the floor when a student steps on it. Another student demonstrates how one of the holes in a ceiling is so large that he can put his entire hand through it.
“You can tell someone about the conditions but when you visually see it, it’s a lot more impactful,” sophomore Harley Martz, one of the students who produced the video, told The Associated Press in an interview. “Some of the things we pointed out in the video are very undeniable.”
“As you walk through the school now, you can smell the mold and it’s kind of really nasty,” Montrice Berry, a junior student at Druid Hills, says in the video. “So I tend to walk outside just so I can avoid the smell.”
Now, after the video came out, “every time I go walking the halls, people are like ‘I’m so proud of you for speaking up,’” Berry said in an interview.
The video, which has garnered more than 27,000 views so far since it was posted on YouTube this month, has prompted outrage among some parents in the suburban area just east of Atlanta who want repairs made. It was produced after the DeKalb County School Board in February removed Druid Hills from a list of schools in need of priority renovations.
The video won praise from other students.
“I walked into my first period and my fellow students were applauding,” Martz said.
It is the latest effort by students, parents and teachers across the nation to show people what conditions are like in their schools – and make their case that improvements are badly needed.
In Virginia, journalism students documented conditions at Maury High School and showed the video on the YouTube channel they use for school news broadcasts. Administrators ordered them to remove the video from the YouTube channel in 2019.
The same year in Louisiana, a video by residents exposed problems at Block High School in Jonesville, about 90 miles (about 145 kilometers) northwest of Baton Rouge. In Duvall County, Florida, the county produced a similar video in 2019 to persuade voters to approve a sales tax measure that would pay for repairs.
In Georgia, the DeKalb County School Board will consider a resolution “to modernize Druid Hills High School,” according to the meeting agenda. The school has been in operation since the 1920s and is among the oldest in Georgia, according to historical accounts from the school district. Film crews used it as the backdrop for several scenes in the 2000 film “Remember the Titans.”
The agenda for Monday’s meeting includes no specifics, so it’s unclear what the board will discuss or ultimately do.
The video showed “many areas of concern throughout the building that we have long known about and have been working to address in meaningful ways,” Superintendent Cheryl Watson-Harris said in an April 13 letter to community members the district also shared with the media.
“As always, we are grateful for the advocacy of these students for themselves and future generations of learners,” she wrote.
The school district and board “remain fully committed to ensuring that all scholars are in positive learning environments,” she wrote, adding that she expects the board’s next steps will be to “move forward with renovations at the school, including addressing immediate needs.”
But students are waiting to see concrete steps being taken to improve their school.
“So far I feel like they’re just talking,” Berry said. “I don’t really see a change so far. No one has really done anything.” | https://cw33.com/news/ap-top-headlines/students-make-video-to-prove-their-high-school-needs-repairs/ | 2022-04-17T15:13:51Z |
AKRON, Ohio, June 3, 2022 /PRNewswire/ -- Smithers, a leading provider of testing, consulting, information, and compliance services, is pleased to announce the Smithers Quality Assessments Division has achieved accreditation by ANAB to offer AS9120 third-party certification services.
The AS9120 standard is specific to the requirements for aviation, space, and defense distributors. After achieving a market leading position amongst certification bodies (CBs) with the most recently reported Boeing's CB Report Card, Smithers' expansion of the AS100 series of certification offerings underscores its continued commitment to, and deepening expertise in the aerospace industry.
"We are excited to expand our portfolio of aerospace certifications to include AS9120:2016. Accreditation to this standard will allow us to deliver our high touch certification services to both Maintenance Repair Operations (MRO) & distribution customers, and to better service our existing clients with the transition to AS9104/1A." said, Aaron Dalby, Aerospace Sector Manager, at Smithers.
The Smithers Quality Assessments Division maintains regular participation in various AS standard development committees, including AS9101, AS9104/1 and AS9104/3. Jeanette Preston, President of Smithers Quality Assessments Division, also serves as the sole CB focal point for the Americas Aerospace scheme. This active involvement in the ICOP scheme ensures that Smithers Quality Assessments Division maintains a key leadership role in promoting the importance of the AS-series requirements.
For more information about Smithers, AS9120 certification, please contact Mr. Aaron Dalby.
Founded in 1925 and headquartered in Akron, Ohio, Smithers is a multinational provider of testing, consulting, information, and compliance services. With laboratories and operations in North America, Europe, and Asia, Smithers supports customers in the transportation, life science, packaging, materials, components, consumer, dry commodities, and energy industries. Smithers delivers accurate data, on time, with high touch, by integrating science, technology, and business expertise, so customers can innovate with confidence.
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SOURCE Smithers | https://www.wibw.com/prnewswire/2022/06/03/smithers-achieves-accreditation-provide-as9120-third-party-certification-services/ | 2022-06-03T18:27:24Z |
CLEVELAND, July 14, 2022 /PRNewswire/ -- Fleet Team, Inc., an industrial equipment fleet management and consulting company, announced the purchase of the former Vatterott College building located at 5025 E Royalton Road, Broadview Heights, Ohio, conveniently located near Route 82 and Interstate 77.
The purchase of the 39,200 square-foot building will establish a world class headquarters to accommodate Fleet Teams explosive growth and foster innovation.
Fleet Team will redevelop the building and surrounding land over the next 2-5 years before moving from their current location in Independence, OH. Plans for redevelopment are already underway.
"The future is bright at Fleet Team, Inc. and we are excited about growing the business in the City of Broadview Heights," says Doug Riddle, President of Fleet Team.
To learn more about Fleet Team, click here.
About Fleet Team: Fleet Team is a trusted fleet management consulting company located in Cleveland, OH. Fleet Team's sole focus if to lower a company's total cost of ownership while elevating fleet efficiencies.
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SOURCE Fleet Team, Inc. | https://www.mysuncoast.com/prnewswire/2022/07/14/fleet-team-purchases-former-vatterott-college-building-future-headquarters/ | 2022-07-14T22:00:18Z |
BERLIN (AP) — Austria’s coronavirus vaccination mandate has been suspended for another three months until the end of August.
A parliamentary committee signed off Wednesday on an order from the health minister extending the suspension, the Austria Press Agency reported.
Officials said on Tuesday that the mandate for people aged 18 and over, which became law in early February but hasn’t yet been put into effect, would remain suspended. They said a commission of experts had concluded that enforcing it currently would not be proportionate and therefore was unjustified.
The plan was first announced in November amid a surge in COVID-19 cases that sent Austria into a lockdown. However, by the time the legislation was in place, much of the sense of urgency had evaporated.
The plan was for police to start checking people’s vaccination status in mid-March, for example during traffic stops. But the government suspended the mandate only a week before its enforcement was due to begin, arguing that there was no need to implement it as things stood.
The legislation provides for people who can’t produce proof of vaccination to be asked in writing to do so and be fined up to 600 euros (around $650) if they don’t. Fines could reach 3,600 euros if people contest their punishment.
Austria was the first country in Europe to legislate for a universal vaccine mandate. Only neighboring Germany even considered emulating it, but its parliament last month shot down a proposal even for a mandate for people aged 60 and above.
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Follow AP’s coverage of the pandemic at https://apnews.com/hub/coronavirus-pandemic | https://cw33.com/health/ap-health/austrian-covid-vaccine-mandate-to-remain-suspended-in-summer/ | 2022-05-26T01:53:10Z |
Strollers recalled for fingertip amputation hazard
(Gray News) – Consumers were warned to immediately stop using recalled child strollers after a report that a child’s fingertip was amputated.
The recall involves all UPPAbaby all-terrain RIDGE jogging strollers, which have an extendable canopy with a mesh window and zipper pocket, disc hand brake system and an adjustable handlebar with a wrist strap.
The brand UPPAbaby is on the front of the stroller, and RIDGE is on the side of the stroller frame.
The U.S. Consumer Product Safety Commission stated the stroller’s rear disc brakes have openings that can cause amputation or laceration if a non-occupant child’s fingertip gets caught in the openings while the stroller is in use. Consumers should contact UPPAbaby to receive free replacement brake discs for both wheels.
About 14,400 of the strollers are being recalled. They were sold at BuyBuyBaby, Nordstrom, Neiman Marcus, Pottery Barn Kids and other children’s stores and specialty stores nationwide. They also were sold online on Amazon from October 2021 through August 2022 for about $600.
The strollers have a black frame and a fabric color scheme that is white, charcoal or slate blue and have black tires. The serial numbers of the recalled products begin with “1401RDGUS” and appear on the right side of the stroller frame above the rear wheel of the stroller.
The model number “1401-RDG-US” is printed on the left side of the stroller frame above the rear wheel of the stroller.
For more information on recalls, go to CPSC.gov.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/09/02/strollers-recalled-fingertip-amputation-hazard/ | 2022-09-02T14:59:22Z |
Retail Supplier Evaluation extends Oracle's merchandising capabilities to add visibility and transparency into the ethical and environmental practices of all suppliers
AUSTIN, Texas, June 22, 2022 /PRNewswire/ -- Oracle today expanded its merchandising procurement capabilities with the introduction of Oracle Retail Supplier Evaluation Cloud Service. The new cloud application enables retailers of all kinds to access and evaluate the governance of suppliers based on their ethical, environmental, safety, and quality performance practices. By being able to make more effective, sustainable, and responsible sourcing decisions as part of the merchandising procurement process, retailers can better manage risk across their supply chain, protect their brand image, and more easily identify greener and more ethical sourcing options.
For example, using its Supplier Evaluation dashboard a fashion retailer realizes its production of denim is resulting in a high level of chemical pollution and consuming 10,000 liters of water per item. By reviewing its suppliers' environmental and ethical credentials, the retailer can adjust its providers to make more responsible sourcing decisions that reduce water waste and chemical pollution.
"Consumers are increasingly prioritizing environmentally friendly and ethically sourced goods. To continue to succeed, responsible and sustainable sourcing needs to be at the forefront of a brands continued innovation efforts," said Mike Webster, senior vice president and general manager, Oracle Retail. "Oracle Retail Supplier Evaluation will enable businesses to make effective and responsible decisions across their supply chain and confidently communicate this supplier information to their customers, ultimately building brand loyalty and increasing revenue."
Shareholder and consumer expectations are putting a new level of accountability and pressure on executives to bring sustainable products to market. In fact, nearly 60% of consumers recently said it's important that retailers' brand values, such as sustainability and ethically sourced materials, align with their own. McKinsey and Company estimates that two-thirds of the average company's environmental, social, and corporate governance (ESG) footprint lies with suppliers, and those companies with strong ESG credentials can drive down costs by 5-10%.
Oracle Retail Supplier Evaluation augments the Oracle Retail Merchandising procurement process by giving buyers additional data to evaluate existing suppliers or identify new ones. With the cloud service, retailers can enable vendors to report their compliance through scored assessments, audits, certifications, and change management practices. This operationalizes supply chain ESG performance as part of the standard merchandising procurement process. With better visibility and insights across the supply chain, retailers can assess how changes and alterations will impact their ESG score and enact change management processes to help ensure smooth integration of new suppliers with limited disruptions.
"Because consumers expect businesses to operate with people and planet in mind, they expect companies to be transparent related to the impacts of their businesses," said Jordan Speer, research manager, IDC Retail Insights. "To earn loyalty, retailers need to operate ethically and with transparency, pulling back the curtain to allow the consumer to see how the sausage is made. It requires work to provide that visibility, but it unlocks a treasure chest of new opportunity that creates competitive advantage through differentiation. Consumers will pay for products and services that are produced sustainably. They will pay to connect with the brands and people involved in creating and producing their products."
With Supplier Evaluation retailers can help ensure more sustainable products through:
- Assessments: Users create or utilize pre-defined assessments to measure a supplier and their supply chain against various standards, policies, or retailer-defined needs. Suppliers are invited to complete relevant assessment(s) as a part of their onboarding, re-evaluation, or new policy workflow process.
- Audits: Retailers can further evaluate a supplier by scheduling and conducting on-site facility audits and visits, collaborating on non-conformances, monitoring, workflow corrective actions, and determining an overall conformance score.
- Governance: Documents can be tracked for readership and acceptance, and later the adoption of new policies, standards, and regulations. This centralized location can house policies, standards, training material, processes, guidelines, and regulations for employees and external suppliers.
- Changes: The workspace includes news and urgent action notifications to visibly inform all applicable users of changes, expectations, and activities.
- Certification: Once vendors are evaluated, users can register and upload certified evidence, validation, and conformance that the facilities meet the industry standards, specific declaration, and or the criteria set by the organization.
- Performance: Retailers can create critical processes to help ensure that all appropriate steps, activities, and measurements have been completed during registration, re-evaluation, new policy roll-out, and ongoing performance. Performance dashboards enable monitoring each assessment, audit, certification, and adoption against each supplier, facility, and supply chain. Scores can then be aggregated by a supplier, category, standard, and policy.
Oracle Retail Supplier Evaluation will be generally available July 14, 2022.
Oracle provides retailers with a complete, open, and integrated suite of best-of-breed business applications, cloud services, and hardware engineered to work together and empower commerce. Leading fashion, grocery, and specialty retailers use Oracle solutions to anticipate market changes, simplify operations and inspire authentic brand interactions. For more information, visit our website at www.oracle.com/retail.
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.
Oracle, Java, and MySQL are registered trademarks of Oracle Corporation.
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SOURCE Oracle | https://www.kxii.com/prnewswire/2022/06/22/retailers-support-more-sustainable-supply-chain-with-new-oracle-cloud-service/ | 2022-06-22T12:50:18Z |
Dr. Yuede will present the preclinical Alzheimer's disease mouse model data for exploring HT-ALZ for the treatment of Alzheimer's disease
NEW YORK, April 12, 2022 /PRNewswire/ -- Hoth Therapeutics, Inc. (NASDAQ: HOTH), a patient-focused biopharmaceutical company, today announced acceptance to present the preclinical Alzheimer's disease mouse model data of HT-ALZ at the Alzheimer's Association International Conference taking place July 31 – August 4, 2022 in San Diego, California. The presentation will include results from cognitive and behavioral studies currently underway with HT-ALZ using an APP/PS1 mouse model.
Dr. Carla Yuede, lead researcher on the HT-ALZ sponsored research agreement with Washington University, will be the primary author presenting the data.
About Hoth Therapeutics, Inc.
Hoth Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing new generation therapies for unmet medical needs. Hoth's pipeline development is focused to improve the quality of life for patients suffering from skin toxicities associated with cancer therapy, mast-cell derived cancers and anaphylaxis, Alzheimer's Disease, atopic dermatitis and other indications. To learn more, please visit https://ir.hoththerapeutics.com/.
Forward-Looking Statement
This press release includes forward-looking statements based upon Hoth's current expectations which may constitute forward-looking statements for the purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995 and other federal securities laws, and are subject to substantial risks, uncertainties and assumptions. These statements concern Hoth's business strategies; the timing of regulatory submissions; the ability to obtain and maintain regulatory approval of existing product candidates and any other product candidates Hoth may develop, and the labeling under any approval Hoth may obtain; the timing and costs of clinical trials, the timing and costs of other expenses; market acceptance of Hoth's products; the ultimate impact of the current Coronavirus pandemic, or any other health epidemic, on Hoth's business, its clinical trials, its research programs, healthcare systems or the global economy as a whole; Hoth's intellectual property; Hoth's reliance on third party organizations; Hoth's competitive position; Hoth's industry environment; Hoth's anticipated financial and operating results, including anticipated sources of revenues; Hoth's assumptions regarding the size of the available market, benefits of Hoth's products, product pricing, timing of product launches; management's expectation with respect to future acquisitions; statements regarding Hoth's goals, intentions, plans and expectations, including the introduction of new products and markets; and Hoth's cash needs and financing plans. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements. You should not place undue reliance on these forward-looking statements, which include words such as "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" or similar terms, variations of such terms or the negative of those terms. Although Hoth believes that the expectations reflected in the forward-looking statements are reasonable, Hoth cannot guarantee such outcomes. Hoth may not realize its expectations, and its beliefs may not prove correct. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including, without limitation, market conditions and the factors described in the section entitled "Risk Factors" in Hoth's most recent Annual Report on Form 10-K and Hoth's other filings made with the U.S. Securities and Exchange Commission. All such statements speak only as of the date of this press release. Consequently, forward-looking statements should be regarded solely as Hoth's current plans, estimates, and beliefs. Hoth cannot guarantee future results, events, levels of activity, performance or achievements. Hoth does not undertake and specifically declines any obligation to update or revise any forward-looking statements to reflect new information, future events or circumstances or to reflect the occurrences of unanticipated events, except as may be required by applicable law.
Investor Contact:
LR Advisors LLC
Email: investorrelations@hoththerapeutics.com
www.hoththerapeutics.com
Phone: (678) 570-6791
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SOURCE Hoth Therapeutics, Inc. | https://www.mysuncoast.com/prnewswire/2022/04/12/hoth-therapeutics-announces-acceptance-present-ht-alz-proof-of-concept-alzheimers-disease-data-2022-alzheimers-association-international-conference/ | 2022-04-12T13:11:10Z |
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.wibw.com/prnewswire/2022/07/11/new-western-enters-pittsburgh-residential-real-estate-market-with-eye-revitalizing-385m-affordable-homes/ | 2022-07-11T13:08:56Z |
In early primaries, voters favor polling places over mail
ATLANTA (AP) — The great vote-by-mail wave appears to be receding just as quickly as it arrived.
After tens of millions of people in the United States opted for mail ballots during the pandemic election of 2020, voters in early primary states are returning in droves to in-person voting this year.
In Georgia, one of the mostly hotly contested states, about 85,000 voters had requested mail ballots for the May 24 primary, as of Thursday. That is a dramatic decrease from the nearly 1 million who cast mail ballots in the state’s 2020 primary at the height of the coronavirus pandemic.
The trend was similar in Ohio, Indiana and West Virginia, which held primaries this month; comparisons were not available for Nebraska, another early primary state.
A step back in mail balloting was expected given easing concerns about COVID-19, but some election officials and voting experts had predicted that far more voters would seek out the convenience of mail voting once they experienced it.
Helping drive the reversal is the rollback of temporary rules expanding mail ballots in 2020, combined with distrust of the process among Republicans and concerns about new voting restrictions among Democrats. And a year and a half of former President Donald Trump and his allies pushing false claims about mail voting to explain his loss to Democrat Joe Biden has also taken a toll on voter confidence.
“It’s unfortunate because our election system has been mischaracterized and the integrity of our elections questioned,” said Ben Hovland, a Democrat appointed by Trump to the U.S. Election Assistance Commission. “Mail ballots are a safe and secure method of voting used by millions of Americans, including myself.”
A record 43% of voters in the U.S. cast mail ballots in 2020, compared with 24.5% in 2016, according to the commission’s survey of local election officials. The number of voters who used in-person early voting also increased, although the jump was not quite as large as in mail ballots, the survey found.
Before the November 2020 election, 12 states expanded access to mail ballots by loosening certain requirements. Five more either mailed ballots to all eligible voters or allowed local officials to do so, according to the National Conference of State Legislatures. This year, eight states will mail ballots to every eligible voter.
In Georgia, state officials had adopted no-excuse mail ballots and three weeks of early, in-person voting before the pandemic. Laws surrounding mail voting changed after the 2020 election, amid Trump’s effort to discredit the outcome after his narrow loss in the state.
There is no evidence to support Trump’s claims of widespread fraud or a conspiracy to steal the election. Judges, including some appointed by Trump, dismissed numerous lawsuits challenging the results. An exhaustive review by The Associated Press of every potential 2020 voter fraud case in the six states disputed by Trump found nowhere near enough instances to affect the result.
That has not stopped Republican state lawmakers from citing election security concerns as justification for new restrictions to voting, and mail voting in particular. The changes have confused some voters. In Texas, voters were tripped up by new identification requirements in the state’s March primary, resulting in an abnormally high rate of mail ballot rejections.
Requesting a mail ballot is significantly harder now in Georgia than in 2020, when voters could go online to request a ballot be sent to them without a printed request. Part of the 2021 voting law pushed by Republicans required voters to print or obtain a paper form, then sign it in ink before sending it in by mail, email or fax.
Voters also must include their driver’s license number or some other form of identification after Republicans decided that the process of matching voter signatures was no longer enough security for an absentee ballot application.
“I couldn’t even figure it out,” said Ursula Gruenewald, who lives in Cobb County, north of Atlanta. “Before, I used to just click a button on a website, and they’d send me my ballot. I don’t know what they want now.”
Gruenewald said she usually votes by mail but decided last week to seek out a nearby early voting center, recalling she had waited in line for two hours to vote in person in 2016.
Experts said it is too early to say whether voting patterns have shifted permanently. How people vote in primaries does not necessarily reflect how they will vote in a general election, when turnout will be heavier and voters might be more worried about crowded polling places and long lines.
Preliminary data from Ohio, Indiana and West Virginia also shows the number of mail ballots cast this year is a fraction of what the states saw in the 2020 primaries and tracks closely to 2018 levels.
In the Virginia governor’s election last year, the percentage of mail ballots cast was slightly larger than four years earlier but noticeably lower than in 2020, said Charles Stewart III, an elections expert and professor of political science at the Massachusetts Institute of Technology.
“Elections are kind of going back to where they were,” he said.
In Georgia, voting groups are concerned that a new earlier deadline to request a mail ballot will trip up voters if they wait too long. They also are closely watching the rate of ballot rejections. About 1,000 mail ballot applications have been rejected so far, or about 1.2% of all applications received. That is a lower rate than the 2018 primary and slightly higher than the 2020 elections.
As of late last week, 195 mail ballots have been rejected, mostly because of missing or incorrect ID information, which are new requirements under state law. Common Cause Georgia deployed “self-help stations” around the state where voters could access a computer, printer and scanner to print out a mail ballot application before Friday’s deadline.
“People are believing political propaganda and not understanding this is creating more hurdles to voting,” said Aunna Dennis, the group’s executive director.
Georgia voters instead are turning to early, in-person voting, which is setting records. About 305,000 ballots have been cast at early voting locations across the state, or three times as many who did so for the same period during the 2018 primary, according to state officials.
Outside an early voting location north of Atlanta, some voters said they simply preferred the convenience of voting early and in person, while others said they worried mail ballots were not as secure.
“Today I walked in, got my ballot, voted, and I’m leaving,” said Bill Baldwin, who was back to voting in person after casting a mail ballot in 2020 due to pandemic concerns. “And I’m not standing in a line to the other end of the building.”
Debbie Hamby, a nurse who lives in Kennesaw, north of Atlanta, said she supports limits on mail ballots and believes voting in-person is more secure. She, too, voted early last week.
“There’s not a question as to who the person is if you have your license and identity,” Hamby said. “You can see the person in the picture is the person who’s voting, and we know that it’s an honest vote.”
___
Associated Press writers Jeff Amy in Atlanta; Tom Davies in Indianapolis; John Raby in Charleston, West Virginia; and Andrew Welsh-Huggins in Columbus, Ohio, contributed to this report.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/05/15/early-primaries-voters-favor-polling-places-over-mail/ | 2022-05-15T14:18:04Z |
HONG KONG, Aug. 16, 2022 /PRNewswire/ -- King Resources, Inc., (OTC: KRFG) and its wholly subsidiary, Powertech Corporation Limited ("Powertech"), is pleased to announce that Powertech™ has entered a Memorandum of Understanding ("MOU") With Smart Product Concepts who creates and owns the Team Cuisine® brand of products, a renowned German Innovative Kitchen Brand. The MOU allows Powertech™ to expand and anchor the IoT market in the future by providing a power-saving solution to achieve carbon neutrality whilst Team Cuisine® is able to expand the market capacity in Asia with their Smart Kitchen Appliance with integrated IoT solutions.
Cross Sector and Cross-Regional Collaboration in Pursuit of Revitalizing the Global Partnership for Sustainable Development
Upon signing a formal agreement, Powertech™ will be distributing Team Cuisine® products in the Asia markets. This partnership is to strengthen the mean of innovative implementation and achieve low carbon living to a greater extent.
The mission at Team Cuisine® is to make home cook an enjoyable and easy experience in a smart lifestyle. Powertech will provide a wide range of Team Cuisine® Smart kitchen appliances through different similar partnerships, filling the market with home appliances that can work with any cooking style, ranging from sous-vide starter sets to individual gadgets and smart appliances that can be controlled remotely. Powertech believes that everyone enjoys food and cooking, especially after the pandemic. Most people are called to develop smart eco-living. Initially we plan to bring six Team Cuisine flagship products to the Asia markets, including Smart Cooking Machine, Smart Pressure Cooker, Smart Convection Oven, Smart Air Fryer, Smart Air Fryer Oven and Smart Sous Vide Stick. These products are empowered intelligent mobiles App control, built in step-by-step guided recipes for culinary inspiration, the All-in-one multi-functional design replacing different appliances to reduce electronic waste and power usage.
A Critical Milestone in IoT for Smarter Business in Powertech in Asia
According to a report, the Asia Pacific Household Cooking Appliance Market is expected to witness market growth of 7.1% CAGR during the forecast period. Also, the China market dominated the Asia Pacific Household Cooking Appliance Market by Country in 2020. It is expected to continue to be a dominant market till 2027; by that, achieving a market value of $44,032.4 million by 2027. The Japan market is forecasted to grow at a CAGR of 6.4% during (2021 - 2027). Additionally, the India market is expected to unveil a CAGR of 7.7% during (2021 - 2027).
The pandemic has changed people's living habits passively and more people are becoming at-home chef due to the strict social distancing regulation. As a result, this circumstance persuades household consumers to substitute their traditional cooking appliances with smart cooking appliances, to create restaurant-quality meals. Powertech™ believes a series of smart kitchen products is able to leverage our company to grow IoT business in a good and healthy approach and merge the latest technology into the modern appliance. The desire for this high-efficiency cooking equipment is also surging, as a number of individuals have taken up cooking as a pastime and are thus buying the most up-to-date smart appliances.
Outlook of the Smart Kitchen Appliances
The global smart kitchen appliances market size to be valued at USD 43.83 billion by 2028 and is expected to grow at a compound annual growth rate (CAGR) of 18.6% during the forecast period. Adjustment in living standards worldwide and a growing interest in smart connected home appliances are driving the kitchen cooking appliance industry. The demand for energy-efficient appliances with user-friendly interfaces is another factor driving kitchen appliance purchases. Antimicrobial hardware such as coppers, brasses, and bronze are becoming increasingly popular. Copper-based materials have been found to inhibit the transmission of viruses and bacteria in studies. Home appliances are increasingly making their way into shopping trolleys as individuals in the COVID world spend more time at home. While the lockdowns caused some instability in the business, overall consumer sentiment has been strong, and the prognosis is positive.
William Fu, CEO of Powertech, commented " Smart Kitchen Appliances' high-end built-in solutions utterly embedded into our existing new lifestyle, combining power saving technology with new-fangled designs to redefine the power usage in IoT experience. The growing popularity of the smart home idea signifies well for the market's growth in the coming years. Moreover, advanced technologies have resulted in the introduction of innovative home cooking manufacturers that carry touch screens, sensors and built-in cameras, as well as voice assistants and connectivity. Smart kitchen appliances that are IoT enabled can be monitored and operated remotely via the internet utilizing smartphones. Granted, this cross-sector collaboration is one step forward to anchor our IoT business together with our smart power solutions. "
Forward Looking Statements
This press release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements, which are often indicated by terms such as "anticipate," "believe," "could," "estimate," "expect," "goal," "intend," "look forward to," "may," "plan," "potential," "predict," "project," "should," "will," "would" and similar expressions. These forward-looking statements may include, but are not limited to, statements regarding future business activities including the expansion into the decentralized financing space. These forward-looking statements are not promises or guarantees and involve substantial risks and uncertainties. Among the factors that could cause actual results to differ materially from those described or projected herein include uncertainties associated with operating a business in Hong Kong, risk of interference by the PRC government, ability to compete, that financial resources do not last for as long as anticipated, and that KRFG is a holding company. A further list and description of these risks, uncertainties and other risks can be found in KRFG's regulatory filings with the U.S. Securities and Exchange Commission, including in its current report on Form 10-K filed on June 24, 2022. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. KRFG undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise.
For media queries, please contact:
Ms Marsella Cheng
Director, PR
media@powertechcorp.com
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SOURCE King Resources, Inc. | https://www.kxii.com/prnewswire/2022/08/16/powertech-enters-into-memorandum-understanding-agreement-mou-with-smart-product-concepts-expand-market-capacity-anchor-iot-business/ | 2022-08-16T12:39:44Z |
Editorial Note: images available for download here: https://www.dropbox.com/sh/mh8am6a67pvqgwi/AAAgL83rf_BJC42qemWZAPQxa?dl=0
FALLS CHURCH, Va., May 23, 2022 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty vehicles, today joined Vice President Kamala Harris and U.S. Environmental Protection Agency (EPA) Administrator Michael Regan at an event in Falls Church, Virginia for the official launch of the EPA's $5 billion Clean School Bus Program. The program is now accepting applications and will award up to $375,000 per zero-emission school bus, including the LionC, the most ordered and delivered electric school bus on the market.
"We are honored to have been invited by Vice President Harris and EPA Administrator Regan in Virginia today for the official launch of this ambitious program which will accelerate the adoption of zero-emission school buses, to the benefit of the health of our students," said Brian Piern, Chief Commercial Officer of Lion Electric. "With this $5 billion in funding the EPA is showing that zero-emission school buses are the future of student transportation, something we, at Lion, recognized when we began developing our all-electric buses over a decade ago. Lion's dedicated grants team is ready to assist customers in applying for and securing these funds, leaning on our expertise and strong track record of success."
As the leader in the zero-emission school bus market in the United States, Lion is at the forefront of the transition to clean student transportation that the Biden Administration and EPA are aiming to accelerate with the Clean School Bus Program. Lion is able to assist customers in securing this funding to deploy "made in America" buses to be built at its Joliet, Illinois manufacturing facility. This facility, which has a planned annual production capacity of up to 20,000 vehicles, will be the largest dedicated medium and heavy-duty electric vehicle manufacturing plant in the U.S. when production begins in the second half of 2022. Deploying zero-emission school buses brings healthier commutes to students while preventing exposure to hazardous particulate emissions from diesel engines, especially in underserved communities, which have historically had disproportionately poor air quality.
As part of the Infrastructure Investment and Jobs Act, the U.S. Federal Government has dedicated $5 billion in funding to deploy zero-emission and clean school buses over the next five years. The first tranche of $500 million in funding will close on August 19, after which the EPA will distribute funds to deploy clean school buses around the country.
Under the Clean School Bus Program, priority districts can receive up to $375,000 per zero-emission bus, which can represent up to 100% of the cost of an all-electric school bus. Other eligible districts and qualifying operators can receive up to $250,000 per bus, thus largely aligning the price of an electric bus to that of a conventional internal combustion engine vehicle. Up to $20,000 per bus in charging infrastructure funding is also available for EnergyStar certified charging stations, which LionEnergy can also help customers to secure and install.
Lion Electric designs its vehicles to be 100% electric from the ground up and put its first all-electric school buses on the road in 2016. To date, Lion has deployed over 600 vehicles with over 10 million miles driven, in real world operating conditions.
More information on how Lion can help districts apply for funding is available here: https://pages.thelionelectric.com/epa-clean-school-bus-program-phase-2-lp/
Lion Electric is an innovative manufacturer of zero-emission vehicles. The company creates, designs and manufactures all-electric class 5 to class 8 commercial urban trucks and all-electric buses and minibuses for the school, paratransit and mass transit segments. Lion is a North American leader in electric transportation and designs, builds and assembles many of its vehicles' components, including chassis, battery packs, truck cabins and bus bodies.
Always actively seeking new and reliable technologies, Lion vehicles have unique features that are specifically adapted to its users and their everyday needs. Lion believes that transitioning to all-electric vehicles will lead to major improvements in our society, environment and overall quality of life. Lion shares are traded on the New York Stock Exchange and the Toronto Stock Exchange under the symbol LEV.
Lion Electric, The Bright Move
Thelionelectric.com
This press release "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable securities laws. Any statements contained in this MD&A that are not statements of historical fact, including statements about Lion's beliefs and expectations, are forward-looking statements and should be evaluated as such.
Forward-looking statements may be identified by the use of words such as "believe," "may," "will," "continue," "anticipate," "intend," "expect," "should," "would," "could," "plan," "project," "potential," "seem," "seek," "future," "target" or other similar expressions and any other statements that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. These forward-looking statements include statements regarding the Company's order book and the Company's ability to convert it into actual sales, the Company's long-term strategy and future growth, the Company's battery plant and innovation center project in Quebec and its U.S. manufacturing facility, and the expected launch of new models of electric vehicles. Such forward-looking statements are based on a number of estimates and assumptions that Lion believes are reasonable when made, including that Lion will be able to retain and hire key personnel and maintain relationships with customers, suppliers and other business partners, that Lion will continue to operate its business in the normal course, that Lion will be able to implement its growth strategy, that Lion will be able to successfully and timely complete the construction of its U.S. manufacturing facility and its Quebec battery plant and innovation center, that Lion will not suffer any further supply chain challenges or any material disruption in the supply of raw materials on competitive terms, that Lion will be able to maintain its competitive position, that Lion will continue to improve its operational, financial and other internal controls and systems to manage its growth and size, that its results of operations and financial condition will not be adversely affected, that Lion will be able to benefit, either directly or indirectly (including through its clients), from government subsidies and economic incentives in the future, and that Lion will be able to secure additional funding through equity or debt financing on terms acceptable to Lion when required in the future. Such estimates and assumptions are made by Lion in light of the experience of management and their perception of historical trends, current conditions and expected future developments, as well as other factors believed to be appropriate and reasonable in the circumstances. However, there can be no assurance that such estimates and assumptions will prove to be correct.
By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Lion believes that these risks and uncertainties include the following: any adverse changes in U.S. or Canadian general economic, business, market, financial, political or legal conditions, including as consequences of the global COVID-19 pandemic and the emergence of COVID-19 variants, as well as varying vaccination rates amongst different countries; any adverse effects of the Russia-Ukraine war, which is increasingly affecting economic and global financial markets and exacerbating ongoing economic challenges, including issues such as rising inflation and global supply-chain disruption; any inability to successfully and economically manufacture and distribute its vehicles at scale and meet its customers' business needs; any inability to ramp-up the production of Lion's products and meet project construction and other project timelines; any inability to reduce total cost of ownership of electric vehicles sold by Lion over time; the reliance on key management and any inability to attract and/or retain key personnel; any inability to execute the Company's growth strategy; any unfavorable fluctuations and volatility in the price and availability of raw materials included in key components used to manufacture Lion's products; the reliance on key suppliers and any inability to maintain an uninterrupted supply of raw materials; labor shortages which may in the form of employee turnover, departures, and demands for higher wages which result in the Company having to operate at reduced capacity, lower production and deliveries, delayed growth plans, and could pose additional challenges related to employee compensation; any inability by Lion to meet user expectations related to, or other difficulties in providing, charging solutions to its customers; any inability to maintain the Company's competitive position; any inability to reduce its costs of supply over time; any inability to maintain and enhance the Company's reputation and brand; any significant product repair and/or replacement due to product warranty claims or product recalls; any failure of information technology systems or any cybersecurity and data privacy breaches or incidents; any event or circumstance resulting in the Company's inability to convert its order book into actual sales, including the reduction, elimination or discriminatory application of government subsidies and economic incentives or the reduced need for such subsidies; any inability to secure adequate insurance coverage or a potential increase in insurance costs; natural disasters, epidemic or pandemic outbreaks, boycotts and geo-political events such as civil unrest and acts of terrorism, the current military conflict between Russia and Ukraine or similar disruptions; and the outcome of any legal proceedings that may be instituted against the Company from time to time.
These and other risks and uncertainties related to the businesses of Lion are described in greater detail in section 23.0 entitled "Risk Factors" of the Company's MD&A for the years ended December 31, 2021, 2020 and 2019 and in Item 3.D entitled "Risk Factors" of the Company's annual report on Form 20-F for the fiscal year ended December 31, 2021. Many of these risks are beyond Lion's management's ability to control or predict. All forward-looking statements attributable to Lion or persons acting on its behalf are expressly qualified in their entirety by the cautionary statements contained and risk factors identified in this MD&A and in other documents filed with the applicable Canadian regulatory securities authorities and the Securities and Exchange Commission.
Because of these risks, uncertainties and assumptions, readers should not place undue reliance on these forward-looking statements. Furthermore, forward-looking statements speak only as of the date they are made. Except as required under applicable securities laws, Lion undertakes no obligation, and expressly disclaims any duty, to update, revise or review any forward-looking information, whether as a result of new information, future events or otherwise.
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SOURCE Lion Electric | https://www.mysuncoast.com/prnewswire/2022/05/23/lion-electric-joins-vice-president-kamala-harris-epa-administrator-michael-regan-official-launch-federal-clean-school-bus-program/ | 2022-05-23T10:53:10Z |
TAIPEI, July 28, 2022 /PRNewswire/ -- Cell Envision, a startup based in Taiwan, has developed an SACA Monitoring System that can improve patient survival rates facing the dangers of cancer, together with enhancements in reproductive medicine. The company recently participated at the VivaTech 2022 event in Paris, France showing off their product to other startups and leaders and demonstrating the company's innovative cancer prediction technology.
While the effectiveness of cancer treatment will vary from one individual to another, with generally higher overall recurrence rates, it is important for patients to understand their conditions and what can be done as a treatment. The Cell Envision SACA system actively monitors the probability of recurrence, giving patients the chance of seeking active treatment early and increasing their chances of beating the disease.
The SACA system, which utilizes a variety of technology including a Nonfixable Live-cell Staining Microdialysis Chip and Patient-Derive Explants Platform used for profiling, allows for more efficient response assessment and selection for cancer immunotherapy.
The use of multi-omics analytical modules makes it easier to detect somatic mutation profiles, put together comprehensive immune profiling, and even produce cell therapy predictions that can be accurate for most pieces of information. When it comes to capturing a specific target cell, the use of these systems makes the process a much more efficient one.
The features of the Cell Envision SACA monitoring system include:
- Liquid biopsy - Only 2ml of blood is needed for analysis
- Simultaneous analysis of multiple cancer cell types - Circulating tumor cancer cells, cancer cell clusters, immune cells and cancer cell conjugated, and more can be analysed
- High accuracy - The predicted success rate is 8 times higher than that of CEA or CA 199 monitoring alone
- Ease of use - Cancer cells can be isolated to the genetic testing platform
Pushing the boundaries of biotech, Cell Envision aims to accelerate the discovery of identification and pathogenesis in reproductive medicine and oncology by revealing the functional biology of every patient cell, and the SACA system monitors will help pave the way.
With patents approved in the United States, China, and Taiwan, Cell Envision hopes to deliver even more positive results in the biotech field. The company has recently closed its angel funding round, and will look to new territories like Europe and the United States following its presence in Asia.
Together with the support of the Ministry of Science and Technology (MOST), the company is in a great position to innovate further, and bring even more benefits to those in the medical field as well as patients around the world.
About Cell Envision
We are the first commercial Patient-Derived Explants (PDEs) platform used for profiling the response assessment and selection to cancer immunotherapy by developed of the single cell functional multi-omics analytical modules with SACA monitoring system. Cellenvision is accelerating the discovery of identification & pathogenesis in oncology by revealing the true functional biology of every patient cell.
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SOURCE Cell Envision | https://www.mysuncoast.com/prnewswire/2022/07/29/taiwan-cell-envision-enhances-cancer-survival-rates-by-accurate-predictions/ | 2022-07-29T03:46:43Z |
BEIJING, Sept. 5, 2022 /PRNewswire/ -- With the 2022 China International Fair for Trade in Services (CIFTIS) drawing to a close on Monday in Beijing, the country has sent a signal of its unwavering determination to push for a broader and deeper opening-up.
Titled "Cooperate for better development, innovate for a greener future", this year's event features an exhibition area of 152,000 square meters with the participation of more than 2,400 companies, including over 400 Global Fortune 500 companies and industry-leading enterprises.
Data from the Chinese Ministry of Commerce (MOC) showed that a total of 1,339 projects were signed, among which 513 were construction projects, 175 investment deals, 128 strategic agreements, and 173 first-launch products.
The CIFTIS is a crucial platform for China to expand opening-up, deepen cooperation and pioneer innovation, Chinese President Xi Jinping noted in a congratulatory letter to the 2022 CIFTIS Wednesday.
He voiced the country's willingness to work with other countries to uphold real multilateralism, inclusiveness and win-win cooperation, and jointly promote the open and shared services economy to inject impetus into the recovery of the global economy.
Green development highlighted
This year's CIFTIS has set up an environmental services section for the first time. It's focusing on green development, amid the country's efforts to achieve its carbon peak and carbon neutrality goals.
This section covers an area of 16,700 square meters and focuses on topics such as low-carbon energy, the climate and carbon economy, and carbon neutrality and green technology.
A number of new products and technologies such as green low-carbon cloud computing servers, ESG carbon footprint calculation, and green personal computers were demonstrated.
The organizers also hosted 24 forum and conference activities to deeply explore the global cooperation path of green development.
"Visions will come true only when we act on them," Xi noted in a written statement to the 26th United Nations Conference of Parties on Climate Change last year as China has seen remarkable progress in energy saving and carbon reduction over the past decade.
By 2021, China's energy consumption per unit of GDP has plunged 26.2 percent from 2012 and has reduced its carbon intensity by 34 percent in the past decade.
Burgeoning services trade in China
China's services trade has delivered a meteoric expansion with the added-value of China's services sector soaring 1.49 times over the past 10 years and cumulative trade in services exceeding $4 trillion.
In the first half of 2022, China's import and export of services also notched up 2.89 trillion yuan ($419 billion), an increase of 21.6 percent year-on-year.
Overseas investors also find sweet spots in the growing Chinese services sector. The MOC said China's actual use of foreign investment in 2021 surged by 14.9 percent year-on-year to about 1.15 trillion yuan ($180.72 billion), of which the services sector accounted for 79 percent of the total.
In his congratulatory letter, the Chinese president also pledged that the country stays committed to promoting broadening market access in the services sector, facilitating opening-up in cross-border services trade, and striving to establish a high-standard opening-up system for the services sector.
Injecting vitality to global economy
In his congratulatory letter, Xi pointed out the CIFTIS making active contributions to the development of global services and services trade.
No doubt the CIFTIS is being held timely to enhance global cooperation, United Arab Emirates' (UAE) Ambassador to China Dr. Ali Obaid Al Dhaheri echoed Xi's words during a recent interview with CGTN.
Addressing the Global Trade in Services Summit of the 2022 CIFTIS on Wednesday, World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala stressed today's world economy is increasingly driven by the services sector, and with the accelerating digitalization of services trade, the share of services trade in global trade will continue to rise.
China's services trade has had an average annual growth rate of 6.1 percent over the past decade, 3.1 percentage points higher than the global level, per the Commerce Ministry. The country's services trade volume has held the second spot globally for eight years in a row.
Currently, more than 200 countries and regions have services trade with China.
The holding of CIFTIS fully demonstrates China's commitment to further opening up its services sector, which is welcomed by the world, Raja Dato' Nushirwan Zainal Abidin, Malaysian Ambassador to China told CGTN.
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SOURCE CGTN | https://www.mysuncoast.com/prnewswire/2022/09/06/cgtn-revving-up-services-trade-china-is-committed-higher-level-opening/ | 2022-09-06T00:46:55Z |
Partnership Provides Equitable Access to Education and Career Mobility Opportunities for Staff
AURORA, Colo., May 4, 2022 /PRNewswire/ -- Today, Children's Hospital Colorado (Children's Colorado) publicly announced a partnership with Guild to provide comprehensive, accessible education opportunities to team members.
"Here, our team members are our most important asset," said Betsy Rodriguez, Chief Human Resources Officer for Children's Colorado. "This new benefit is an additional way we're fulfilling our promise to team members by investing in them and supporting their individual potential. It's so much more than an education benefit program – it's a chance for growth, advancement and discovery for everyone at every level. We aspire to be a place where people can begin a job and are supported to grow a career."
As of April 26, benefits-eligible team members employed by Children's Colorado have access to tuition-free learning through Guild's more than 75 programs from more than 25 learning providers, making it the first pediatric hospital system to offer these benefits to employees. Programs include undergraduate and graduate degree options, as well as high school completion, college prep, English language learning and certificates. Additionally, team members will have access to more than 200 additional programs within Guild's learning marketplace that Children's Colorado will fund up to $5,250 per year.
The catalog of programs is tailored for and aligned with Children's Colorado's mission and vision. Focus areas include healthcare, business, technology, psychology, hospitality and more. Children's Colorado team members can reach their full potential through education opportunities specifically created for working adults with pathways for career advancement.
In just over a week since the new benefit launched, nearly 25% of eligible team members created an account and began exploring possibilities for education advancement. Some are looking to take courses that will prepare them to apply for college for the first time while others are mapping out advanced degree programs.
"All of us at Guild are honored to partner with Children's Hospital Colorado to help create career advancement for healthcare workers," said Rachel Romer Carlson, CEO of Guild. "As the first pediatric hospital system to offer debt-free education to its team, Children's Colorado is leading the way and fostering the future workforce of healthcare providers to care for the children in our Colorado communities. It's also an honor for those of us at Guild – as a Denver-based company with hundreds of families in town – to have the chance to give back to a hospital that supports us."
As a social impact company, Guild partners with America's most innovative employers to reskill their workforce for career advancement through its payments and technology platform, curated learning marketplace, and advanced education and career services.
"This is one more way we are investing in what makes our hospital different for our patients and their families: our people," Rodriguez said.
To learn more about careers available with Children's Colorado, visit www.childrenscolorado.org/about/careers.
ABOUT CHILDREN'S HOSPITAL COLORADO
Children's Hospital Colorado is one of the nation's leading and most expansive nonprofit pediatric healthcare systems with a mission to improve the health of children through patient care, education, research and advocacy. Founded in 1908 and recognized as a top 10 children's hospital by U.S. News & World Report, Children's Colorado has established itself as a pioneer in the discovery of innovative and groundbreaking treatments that are shaping the future of pediatric healthcare worldwide. Children's Colorado offers a full spectrum of family-centered care at its urgent, emergency and specialty care locations throughout Colorado, including an academic medical center on the Anschutz Medical Campus in Aurora, hospitals in Colorado Springs, Highlands Ranch and Broomfield, and outreach clinics across the region. For more information, visit www.childrenscolorado.org or connect with us on Facebook, Twitter, Instagram and YouTube.
Children's Hospital Colorado complies with applicable Federal civil rights laws and does not discriminate on the basis of race, color, national origin, age, disability, or sex.
ATENCIÓN: si habla español, tiene a su disposición servicios gratuitos de asistencia lingüística. Llame al 1-720-777-9800.
CHÚ Ý: Nếu bạn nói Tiếng Việt, có các dịch vụ hỗ trợ ngôn ngữ miễn phí dành cho bạn. Gọi số 1-720-777-9800.
http://www.hhs.gov/civil-rights/for-individuals/section-1557
ABOUT GUILD
Guild is a social impact company that empowers American workers to unlock life-changing opportunities for personal and professional advancement through education, skill-building and coaching. As a certified B-Corp founded to bridge the gap between education and employment for working adults in the U.S. in need of upskilling for the future of work, Guild's industry-leading technology platform allows the nation's largest employers — including Walmart, Chipotle, Discover, Hilton, Macy's, Target, and The Walt Disney Company — to offer strategic education and skilling to their employees. Guild connects workers to a learning marketplace of the nation's best learning partners for working adults with tuition paid by the company. Guild's payments and technology platform, curated learning marketplace, and advanced education and career services come together to help working adult learners advance in their education and career, debt-free. For more information, visit https://www.guildeducation.com/
Leila Roche, Children's Hospital Colorado
Media pager: 719-381-2068
media@childrenscolorado.org
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SOURCE Children's Hospital Colorado | https://www.mysuncoast.com/prnewswire/2022/05/04/childrens-hospital-colorado-partners-with-guild-now-offering-tuition-free-education-benefits-employees/ | 2022-05-04T12:51:12Z |
Loan origination software integration with document automation, machine learning makes commercial lending more efficient
DALLAS, Sept. 14, 2022 /PRNewswire/ -- Encapture, a high-growth SaaS platform that helps banks like Wells Fargo, Frost Bank, and Truist automatically extract important information from documents, today announces a partnership with Abrigo, the leader of compliance, credit risk, and lending solutions for financial institutions.
Encapture and Abrigo both serve the commercial lending space, each dedicated to bringing efficiency and streamlining traditionally manual processes at financial institutions. Launched 20 years ago in Dallas, Texas, Encapture helps financial institutions save time and money by using machine learning to process large amounts of data. Abrigo aids banks and credit unions in everything from loan application to credit underwriting to loan administration on one platform.
The new partnership will provide users the ability to seamlessly sync Encapture's machine learning automation with Abrigo's loan origination platform, automating the spreading of all types of tax forms using machine learning and creating a more consistent and accurate process for inputs, providing higher confidence in the underwriting process.
The integration with Encapture will launch on the Abrigo platform on Sept. 16, 2022.
"By partnering with Encapture, we help the staff of banks and credit unions focus on spreading and ratio analysis instead of data collection and entry," said Abrigo President Jay Blandford. "Faster loan decisions mean happier lenders, analysts, and borrowers."
"We're delighted to partner with Abrigo to extend their intelligent automation capabilities," said Encapture CEO Will Robinson. "Current market conditions require lenders to move quickly and provide outstanding digital experiences for both their borrowers and employees."
Encapture is a machine learning platform that accelerates funding times, improves loan margins and reduces regulatory risk for banks, credit unions and fintech lenders. As an omnichannel solution, Encapture easily integrates into any banking or lending process to auto-verify incoming documents, auto-populate business systems with key data points, and auto-request additional documents that may be missing or incorrect. Visit www.encapture.com to learn more.
Abrigo enables U.S. financial institutions to support their communities through technology that fights financial crime, grows loans and deposits, and optimizes risk. Abrigo's platform centralizes the institution's data, creates a digital user experience, ensures compliance, and delivers efficiency for scale and profitable growth. Visit www.abrigo.com to learn more. Follow Abrigo on social media using @WeAreAbrigo.
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SOURCE Abrigo | https://www.kxii.com/prnewswire/2022/09/14/encapture-abrigo-announce-partnership-help-financial-institutions-streamline-loan-origination/ | 2022-09-14T19:05:46Z |
Did you lose money on investments in Okta? If so, please visit Okta Inc. Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com to discuss your rights.
NEW YORK, June 1, 2022 /PRNewswire/ -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of Okta Inc. ("Okta" or the "Company") (NASDAQ: OKTA) between March 5, 2021 and March 22, 2022, inclusive (the "Class Period"). The lawsuit was filed in the United States District Court for the Northern District of California and alleges violations of the Securities Exchange Act of 1934.
Okta provides identity solutions and cybersecurity products and services for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the U.S. and internationally.
Plaintiff alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, Defendants allegedly made false and/or misleading statements and/or failed to disclose that: (i) Okta had inadequate cybersecurity controls; (ii) as a result, Okta's systems were vulnerable to data breaches; (iii) Okta ultimately did experience a data breach caused by a hacking group, which potentially affected hundreds of Okta customers; (iv) Okta initially did not disclose and later downplayed the severity of the data breach; (v) all the foregoing, once revealed, was likely to have a material negative impact on Okta's business, financial condition, and reputation; and (vi) as a result, the Company's public statements were materially false and misleading at all relevant times.
On or around March 21, 2022, hackers known as LAPSUS$ posted screenshots on their Telegram channel showing what they claimed was Okta's internal company environment. Thereafter, on March 22, 2022, the Company's Chief Executive Officer, Defendant Todd McKinnon, stated on his Twitter account that "[i]n late January 2022, Okta detected an attempt to compromise the account of a third party customer support engineer working for one of our subprocessors"; that "[t]he matter was investigated and contained by the subprocessor"; that "[w]e believe the screenshots shared online are connected to this January event"; and that "[b]ased on our investigation to date, there is no evidence of ongoing malicious activity beyond the activity detected in January. On this news, Okta's stock price fell $2.98 per share, or 1.76%, to close at $166.43 per share on March 22, 2022.
On March 22, 2022, during after-market hours, the Company's Chief Security Officer, Defendant David Bradbury, stated on Okta's website, inter alia, that "[a]fter a thorough analysis of [the LAPSUS$] claims, we have concluded that a small percentage of customers – approximately 2.5% – have potentially been impacted and whose data may have been viewed or acted upon." Okta was subsequently downgraded by Raymond James from "strong buy" to "market perform," noting, among other things, that "[w]hile partners were willing to trust Okta's track record, the handling of its latest security incident adds to our mounting concerns." After these disclosures, the Company's stock price fell $17.88 per share, or 10.74%, to close at $148.55 per share on March 23, 2022.
If you wish to serve as lead plaintiff, you must move the Court no later than July 19, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery does not require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.
If you purchased OKTA securities, and/or would like to discuss your legal rights and options please visit Okta Inc. Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for ten consecutive years.
ATTORNEY ADVERTISING. © 2022 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Contact Information:
Peter Allocco
Bernstein Liebhard LLP
https://www.bernlieb.com
(212) 951-2030
pallocco@bernlieb.com
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SOURCE Bernstein Liebhard LLP | https://www.wibw.com/prnewswire/2022/06/01/okta-inc-nasdaq-okta-shareholder-class-action-alert-bernstein-liebhard-llp-reminds-investors-deadline-file-lead-plaintiff-motion-securities-class-action-lawsuit-against-okta-inc-nasdaq-okta/ | 2022-06-01T20:26:59Z |
First Step in Previously Announced Sale of the Company's Assets and Subsequent Merger
MASSAPEQUA, N.Y., July 8, 2022 /PRNewswire/ -- Cedar Realty Trust (NYSE: CDR) (the "Company") today announced that it has completed the previously announced sale of a portfolio of 33 grocery-anchored shopping centers and a redevelopment property to a joint venture between a fund managed by DRA Advisors LLC and KPR Centers for total gross proceeds of approximately $879 million, including assumed debt. The Company previously sold its Riverview Plaza redevelopment property for gross proceeds of approximately $34 million.
The completed transactions are the first step in the Company's previously announced sale of the Company's assets and subsequent merger in a series of related all-cash transactions. The final step of the process, expected to be completed within 4-6 weeks, is the merger of the Company with a subsidiary of Wheeler Real Estate Investment Trust, Inc. (NASDAQ: WHLR) in an all-cash transaction that values the Company's remaining assets at $291.3 million.
Total net proceeds from the transactions, after all expenses, will be distributed to common shareholders upon the completion of the Wheeler merger.
Cautionary Statement Regarding Forward-Looking Statements
The information included herein, together with other statements and information publicly disseminated by Cedar, contains certain 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. Cedar Realty Trust, Inc. (the "Company") intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and include this statement for purposes of complying with these safe harbor provisions.
Forward-looking statements, which are based on certain assumptions and describe the Company's future plans, strategies and expectations, are generally identifiable by use of the words "may", "will", "should", "estimates", "projects", "anticipates", "believes", "expects", "intends", "future", and words of similar import, or the negative thereof. Factors that could cause actual results, performance or achievements to differ materially from current expectations include, but are not limited to: (i) the possibility that any or all of the various conditions to the consummation of the merger may not be satisfied or waived; (ii) the ability of the merger parties to obtain required financing in connection with the proposed merger; (iii) the possibility that competing offers or acquisition proposals for the Company and/or its assets will be made; (iv) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, including in circumstances which would require the Company to pay a termination fee or other expenses; (v) the risk that shareholder litigation in connection with the transactions may result in significant costs of defense, indemnification and liability; (vi) the ability and willingness of the Company's tenants and other third parties to satisfy their obligations under their respective contractual arrangements with the Company; (vii) the loss or bankruptcy of the Company's tenants, particularly in light of the adverse impact to the financial health of many retailers that has occurred and continues to occur as a result of the COVID-19 pandemic; (viii) the ability and willingness of the Company's tenants to renew their leases with the Company upon expiration, the Company's ability to re-lease its properties on the same or better terms in the event of nonrenewal or in the event the Company exercises its right to replace an existing tenant, and obligations the Company may incur in connection with the replacement of an existing tenant; (ix) risks related to the market for retail space generally, including reductions in consumer spending, variability in retailer demand for leased space, adverse impact of e-commerce, ongoing consolidation in the retail sector and changes in economic conditions and consumer confidence; (x) risks endemic to real estate and the real estate industry generally; (xi) damage to the Company's properties from catastrophic weather and other natural events, and the physical effects of climate change; (xii) uninsured losses; (xiii) the Company's ability and willingness to maintain its qualification as a REIT in light of economic, market, legal, tax and other considerations; and (xiv) information technology security breaches. For further discussion of factors that could materially affect the outcome of forward-looking statements, see "Risk Factors" in Part I, Item 1A, of the Company's Annual Report on Form 10-K for the year ended December 31, 2021 and other documents that the Company files with the Securities and Exchange Commission from time to time.
Except for ongoing obligations to disclose material information as required by the federal securities laws, the Company undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. All of the above factors are difficult to predict, contain uncertainties that may materially affect the Company's actual results and may be beyond the Company's control. New factors emerge from time to time, and it is not possible for the Company's management to predict all such factors or to assess the effects of each factor on the Company's business. Accordingly, there can be no assurance that the Company's current expectations will be realized.
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SOURCE Cedar Realty Trust, Inc. | https://www.kxii.com/prnewswire/2022/07/08/cedar-realty-trust-announces-completion-sale-grocery-anchored-portfolio-redevelopment-property-dra-advisors-kpr-centers/ | 2022-07-08T18:48:23Z |
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