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MONTREAL, July 12, 2022 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, today announced that it will release its 2022 second quarter results on August 5, 2022, before markets open. A conference call and webcast will be held on the same day, at 8:30 a.m. (Eastern Time) to discuss the results.
To participate in the conference call, please dial (226) 828-7575 or (833) 950-0062 (toll free) using the Access Code 842480. A live webcast of the conference call will also be available at www.thelionelectric.com under the "Events and Presentation" page of the "Investors" section. An archive of the event will be available shortly after the conference call.
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.
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SOURCE Lion Electric | https://www.kxii.com/prnewswire/2022/07/12/lion-electric-announces-second-quarter-2022-results-release-date/ | 2022-07-12T21:49:49Z |
Enables security management of a complete vehicle or product system, through a unified assessment of all its underlying firmware, components and SBOMs
DETROIT and TEL AVIV, Israel, June 15, 2022 /PRNewswire/ -- Cybellum, a leading provider of the Product Security Platform for vehicle, product, and device manufacturers announced today at the 9th escar USA Conference the release of its new "System of Systems" functionality for comprehensive system level cybersecurity for vehicles and products.
Cybersecurity has become one of the biggest challenges for vehicle and device manufacturers. Supply chain vulnerabilities from open source and third-party components are on the rise, and vulnerabilities that are a result of coding errors by internal development teams are also opening doors for potential threat actors. In addition, the creation of SBOMs, and the handling of the high number of uncovered vulnerabilities has become much more labor-intensive and costly than just scanning and detecting threats.
The result is a time consuming, expensive, and error prone process, which is very difficult to manage throughout the device lifecycle. Product teams have no visibility at the product system level, they are unable to assess overall potential risk and damage, and they are left with complex processes that don't scale.
"One of the key barriers that teams are faced with is the limited view they have into their devices, which results in their inability to comprehensively assess their overall security posture," said Eran Rosenberg, VP of Product at Cybellum. "Instead, they labor over multiple disconnected subcomponent assessments, trying to figure out how one component relates to the other, what is the impact of a certain vulnerability on the whole device security, and what could be the potential for damage."
System of Systems solves these issues by providing product security teams with the following:
- Ability to view inter-device / system architecture, relations between components and any connections to external networks
- Automatically define a product or vehicle system's potential damage impact
- Analyze risks in a hierarchical view, drilling down from the system view to the component level – CVEs, zero-days, policy violations and more
- Ability to define and set countermeasures like Firewalls, IDS/IPS, within the device/system and see the immediate impact on the overall security risk score
"At Cybellum, we've extended our award-winning Cyber Digital Twins technology to deliver the much-needed full system view," noted Rosenberg. "System of Systems provides unprecedented visibility and control for product security teams. It enables improved time to market with simpler and quicker system level assessments. It also minimizes security risks with enhanced control over system-level risk and improves compliance with regulations and standards that require device/system level cybersecurity management."
About Cybellum
Cybellum enables device manufacturers to keep the products they build secure and compliant, every single moment of their life. Industry leaders use Cybellum's product security platform to fuse security into every phase of the product lifecycle. Powered by Cyber Digital Twins™ technology -- a live digital replica of every software component inside your devices – Cybellum allows product security teams to manage cyber risk continuously, whatever new threat arises. From living SBOMs to automated vulnerability management and continuous monitoring, teams can ensure their product portfolio is secure from design to post-production and beyond.
To learn more visit www.cybellum.com
Contact:
Annette Habani
Marketing Manager, Cybellum
annette@cybellum.com
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SOURCE Cybellum | https://www.wibw.com/prnewswire/2022/06/15/cybellum-announces-release-system-systems-providing-unprecedented-visibility-control-product-security-teams/ | 2022-06-15T12:09:27Z |
‘Seinfeld’ actress Liz Sheridan dies at 93
LOS ANGELES (AP) — Liz Sheridan, who played doting mom to Jerry Seinfeld on his hit sitcom, died early Friday. She was 93.
Sheridan died in her sleep from natural causes, five days after her April 10 birthday, said Amanda Hendon, her longtime representative and friend. She did not provide further details, including where Sheridan was living.
Her “Seinfeld” role as Helen was her best known but followed decades of work on stage and screen. In the 1970s, Sheridan appeared on Broadway in plays and musicals, the latter including “Happy End” with Meryl Streep and “Ballroom.”
“She was always very grateful to her fans and felt blessed to have enjoyed decades of work in the entertainment business,” including performing in her one-woman show, “Mrs. Seinfeld Sings,” Hendon said in a statement.
Another “Seinfeld” mom, Estelle Harris, died two weeks ago on April 2. Harris, who played hot-tempered parent to Jason Alexander’s George Costanza, also was 93.
Sheridan had guest roles on TV series including “Kojak,” “Cagney & Lacey” and “Family Ties,” and played the pesky neighbor Raquel Ochmonek on “ALF” from 1986 to 1990. She was on “Seinfeld” for the show’s 1990 to 1998 run, playing opposite Barney Martin as her husband, Morty.
“How could anyone not like him?” Helen said of her beloved Jerry.
“Liz was always the sweetest, nicest TV mom a son could wish for,” Seinfeld said Friday on Twitter. “Every time she came on our show it was the coziest feeling for me. So lucky to have known her.”
In a 1998 interview with The Associated Press, Sheridan discussed how fond she had become of the comedian.
“I’ll hug him to say goodbye, and I’ll hug him to say hello,” she said. “I told him I love him like he was my son. He said, ‘I know. I love you and Barney like you were my father and mother.’ "
The actor appeared in films including “Legal Eagles,” “Forget Paris” and “Wedding Bell Blues.” The 2010 TV movie “The Rooneys” was among her final credits.
In her book “Dizzy & Jimmy,” Sheridan recounted a romance in the early 1950s with a then-unknown James Dean. Sheridan, nicknamed Dizzy, was a young nightclub dancer in New York City when she met Dean. After they split, he became a star with films including “Rebel Without a Cause.” He died in a car crash in 1955, at age 24.
Born Elizabeth Ann Sheridan, the New York native was married to jazz musician William Dale Wales, who died in 2003. Sheridan is survived by her daughter and son-in-law, according to Hendon.
___
AP Writers Andrew Dalton in Los Angeles and Ed Donahue in Washington, D.C., contributed to this report.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/04/15/seinfeld-actress-liz-sheridan-dies-93/ | 2022-04-16T23:10:38Z |
OMBA is First University of Tennessee, Knoxville MBA to Be Offered Completely Online
KNOXVILLE, Tenn. and NEW YORK, May 24, 2022 /PRNewswire/ -- The University of Tennessee, Knoxville's (UTK) Haslam College of Business announced today the expansion of its relationship with Noodle, the country's fastest-growing online learning network, to launch an Online MBA (OMBA). The program is currently accepting applications for a Spring 2023 start.
The first University of Tennessee, Knoxville MBA to be offered entirely online, the OMBA emphasizes the tools professionals need to make an impact today in today's business environment, including analytics, supply chain management, consulting, finance, and entrepreneurship and innovation. Developed in conjunction with Haslam College of Business faculty, UTK's OMBA is designed for today's complex business world, offering a future-proof pathway to strategic insights, global connections and an immersive virtual classroom that meets students where they are.
The OMBA expands on The University of Tennessee, Knoxville's existing portfolio of online programs launched in collaboration with Noodle, including the Executive MBA for Global Supply Chain, Master of Science in Supply Chain Management Online (MS-SCM), Online Bachelor of Interdisciplinary Studies, Online Master of Public Health, and five other MBA programs.
"Our Online MBA will open the door to global connections, strategic insights, and new business perspectives from wherever students are. The curriculum, which features course instructors' relevant firsthand experience and case studies, will challenge students to think critically, act strategically, and lead with confidence," said Bruce Behn, Associate Dean for Graduate and Executive Education.
"We are excited to expand our relationship with the Haslam College of Business to create a program with real-world application, strategic and analytical mindsets, and an inclusive and global approach," said Stephen Green, Chief Program Officer at Noodle. "The University of Tennessee, Knoxville has been a wonderful partner - for 11 programs and counting - and we are delighted to continue this robust collaboration."
Informed by over 100 years of business education and research, the AACSB-accredited Haslam College of Business at the University of Tennessee, Knoxville, produces industry leaders with a bias for action. Haslam equips students with the skills they need to deliver results that propel careers and organizations forward.
About the Haslam College of Business
The Haslam College of Business at the University of Tennessee, Knoxville, founded in 1914, consists of approximately 6,000 undergraduate and graduate students. Its seven departments, seven centers and institutes, four forums and graduate and executive education programs reach across the for profit, not-for-profit and governmental sectors of business with a heavy emphasis on practical research. The University of Tennessee, Knoxville, was founded in 1794 and was designated Tennessee's land-grant institution in 1879.
About Noodle
Noodle is a certified B Corp that creates excellent online and agile programs that elevate campus-wide teaching and technology. Since January 2019, Noodle has launched as many online programs with elite U.S. universities as have all of its competitors combined. Its network of universities, higher education leaders, providers, and students fuels innovation and efficiency in learning design, marketing, recruitment, technology, student and faculty support, and clinical placement. Follow Noodle on LinkedIn and Twitter.
MEDIA CONTACTS:
Alissa Pinck
Noodle
917.968.8644
apinck@noodle.com
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SOURCE Noodle | https://www.mysuncoast.com/prnewswire/2022/05/24/university-tennessee-knoxville-expands-relationship-with-noodle-launch-an-online-master-business-administration/ | 2022-05-24T15:56:38Z |
C3 VC Fund, Mirana Ventures and Cadenza Join Fast-Growing Social Trading Platform's Existing Investors Alameda Ventures, BitMEX and Neowiz
SEOUL, South Korea, June 29, 2022 /PRNewswire/ -- League of Traders, the social trading platform that enables users to copy trade and participate in competitive trading leagues against peers, today announced it secured $2.4 million in pre-series A financing. The round was led by C3 VC Fund, a venture capital firm based in Frankfurt, Germany that invests in exceptional technology companies worldwide. Additional funding has been provided in this round by Mirana Ventures, the Venture Partner of Bybit, and Cadenza Capital Management.
The funding will enable the crypto social trading platform to expand its user offerings and improve current copy trading features. League of Traders encourages novices to participate in crypto trading by enabling users to copy the portfolio and trades of more advanced traders at the click of a button. The app further allows users a chance to prove their skills in competitive trading leagues with cash prizes for top finishers. In 2022, users' trading accounts connected to the League of Traders platform had volumes of over $4 billion per month with April alone topping $5.4 billion. League of Traders is leveraging this knowledge to better predict market trends, build automated copy trading strategies and provide traders with insightful analytics.
"League of Traders really impressed us with their approach to social trading in the crypto space," said Davis Bourland, Investment Manager at C3 VC Fund. "With trading competitions, leaderboards and copy trading, the League of Traders platform provides a truly unique experience for both top traders and newcomers alike. We see a larger trend toward the convergence of social, gamification, crypto trading, and marketplaces, and League of Traders is innovating directly at this intersection."
Founded in 2019, Korea-based League of Traders secured past investments with Alameda Ventures, BitMEX and Neowiz (an IPO game publisher in Korea).
"This investment will enable League of Traders to develop and launch exciting new features that empower both novice and experienced traders," said John Ting Li, CEO of League of Traders. "Our team is developing a radically new paradigm for social and copy trading that reimagines the relationship between traders."
"We have been impressed by the dedication and pace of development from the League of Traders team since their first funding round," said Kumar Dandapani, Managing Partner at Cadenza Capital Management. "The early growth of their platform is comparable to Robinhood and eToro, and we strongly believe in the potential for social and copy trading applications in global, 24/7 markets like crypto."
"As the Venture Partner of Bybit, we are excited for League of Traders to be deepening their collaborations with Bybit in the upcoming months," said David Toh, Partner at Mirana Ventures. "By co-hosting trading competitions, we hope League of Traders can create more opportunities for experienced traders to distinguish themselves and for retail traders to identify them so that trading can be easier and more fun for all."
For more information or to download the League of Traders app, visit their website.
C3 Management GmbH is an asset management company focused on managing venture funds which invest in exceptional blockchain technology companies worldwide. C3's mission is, among other things, to accelerate growth, development and especially adoption of EOSIO-based blockchains and the EOSIO software. Towards this mission, C3 manages the C3 VC Fund, which is partly funded by Block.one and offers developers and entrepreneurs the funding they need to create community-driven businesses leveraging EOSIO. C3 VC Fund focuses on early and growth stage technology companies. C3 VC Fund operates worldwide and is located in Frankfurt, Germany.
League of Traders is a social trading service that allows traders to visually track assets across exchanges, and make informed trading decisions. League of Traders transforms crypto trading into a gamified social experience with leaderboards, trader profiles, multi-exchange asset visualization, and community news and engagement. To learn more about League of Traders visit the website, Twitter or Telegram. Download the app here.
All trademarks and product names are the property of their respective companies.
League of Traders Media Contact
David Haefele
FortyThree, Inc.
leagueoftraders@43pr.com
831.401.3175
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SOURCE League of Traders | https://www.mysuncoast.com/prnewswire/2022/06/29/league-traders-secures-pre-series-funding-c3-vc-fund-mirana-ventures-cadenza/ | 2022-06-29T17:17:10Z |
SALADO — Patrons relaxed on the grounds of Barrow Brewing Co., 108 Royal St., over the weekend and took in the Sounds of Salado music festival. A portion of the proceeds were marked for victims of the Cedar Valley tornado.
Former Salado resident Stephen Clarke, owner of Radio Milk Recording, an Austin studio, was one of the festival producers.
“I’ve been working with KD a long time,” he said of KD Hill, brewery owner. “This is a perfect setting.”
“I grew up in Salado,” he said. “I love Salado. I am a musician. I love rock ’n’ roll.”
Country music is popular in the area, he said, and there is a need for rock ’n’ roll.
“I was doing a show here two years ago — on this date,” he said. “I wanted to make it bigger. We’re trying to figure out the sweet spot, to make it enjoyable and really to introduce it to people who will come from Dallas and Austin.”
The nine music groups at the festival are national performers, he said. Lo Talker was on the stage Saturday afternoon.
“I wanted to bring a high caliber of rock ’n’ roll,” Clarke said. “We’ve got some softer rock, Southern rock and hard-hitting rock ’n’ roll.”
He introduced Zac Catanzaro of Austin near a camping trailer dubbed “Song Confessional.”
“We take this trailer all over the country,” Catanzaro said. “We have people tell us anonymous stories. We take our favorites and we give them to songwriters and bands. We give them one day to write and record an original song based on that story.”
He partners with an Austin radio station that puts the resulting song out as a podcast, he said.
“In the show, you hear the story, the original song and an interview with the artist who wrote this song,” he said.
He’s been doing this since 2018, he said, and is making money at it. “It started as a most novel thing,” he said.
“It’s far past a novelty. We’ve been all over the country in it,” he said of the trailer.
It’s a way to connect with people in a more definite way, he said.
“We’re collecting stories from people that aren’t musicians, people who wouldn’t be able to sit down and write a song,” he said. “We’re trying to give them that experience.”
A full-time, touring musician, he plays the drums for Bright Light Social Hour. The group also performs with Walker Lukens under his name.
Shane Berrier, assistant fire chief of Salado Volunteer Fire Department, said firefighters would be distributing funds from the festival to tornado victims.
“It’s a rough situation,” he said. “We’ve had several families that lost everything and didn’t have insurance. Some had a little bit, but not enough to cover all the losses they’ve had.”
What the people need now is money, he said.
“A lot of them don’t have anything left,” he said. “They don’t have room to put clothes or furniture. A lot of them are having to rent … staying in motels. They’re having to pay for that out of their pocket”
Many people have brought generous donations to hand out to people that need it, he said.
“We are continuing to do that daily,” he said. “There are more people out there that need help.”
Some media have focused on a few victims, who subsequently received a lot of help, he said. Some of the unheralded families are not getting much help, he said. | https://www.tdtnews.com/news/central_texas_news/article_4f537c92-c446-11ec-902f-973a01e8ffa3.html | 2022-04-25T04:47:45Z |
IRVINE, Calif., Aug. 29, 2022 /PRNewswire/ -- Lotus Bio-Technology Development Corp. (Pink Open Market:LBTD) releases shareholder update today addressing the following four items:
1. The SEC's August 15th, 2022 complaint concerning activities in Lotus Bio-Technology Development Corp.
2. The Company's status regarding an internal investigation on the matter.
3. The Company's plans to implement policies, procedures, and other safeguards to minimize risk of future concerns described in the SEC's complaint.
4. A summary of the Company's current compliance procedures concerning proper reporting of insider transaction activity.
Item 1: On August 15th, 2022, the SEC filed a civil complaint involving a former officer and director of Lotus Bio-Technology Development Corp. The alleged activities of insider trading of Company stock and other illegalities cited in the complaint are from several years ago and do not involve any current management or team members. However, new management is shocked by the allegations set forth in the complaint. Had they been aware of these allegations, new management would not have merged their business with LBTD. However, the Company wishes to address these circumstances with transparency so they can continue thriving in the digital health and wellness market.
Lotus Bio-Technology Development Corp.'s new CEO Hoyt Christopher commented, "We will always strive to manage our business in a way that is both moral and ethical. Our team exemplifies integrity and we will continue building our company in a way that honors these principles."
Item 2: The Company's new management has conducted an internal investigation and has ensured that none of the parties mentioned in the SEC complaint are involved with any aspect of business in Lotus Bio-Technology Development Corp. moving forward. Additionally, before this complaint was filed, there had already been a change of control and management with the former CEO agreeing to surrender 150,000,000 shares of common stock to the treasury.
Item 3: The Company is hiring a securities attorney who can, and will, help oversee all compliance issues for the Company moving forward. This attorney will have absolutely no ties to the former business, nor former management and will add great value in offering guidance that will safeguard the Company and its shareholders.
Furthermore, the Company will go beyond current reporting requirements and voluntarily disclose to OTC Markets and the public any and all stock transactions.
Item 4: Effective September 2nd 2022, the Company is changing transfer agents to ensure there is no connection to prior activity. With the Company's new transfer agent and new securities attorney on retainer, the Company will not only keep track of all share transfers and make sure there is no insider transaction activity taking place, but also ensure that no illegitimate previous actions will affect the longevity and success of the Company and the Company's shareholders.
Lotus Bio-Technology Development Corp.'s new CEO, Hoyt Christopher, commented, "We have a remarkable business with incredible revenue and an extremely competent management team. We have carefully designed our business in such a way that we feel confident success is our only option. We appreciate our shareholders and look forward to growing our business exponentially to increase shareholder value."
More information about our new business operations can be found at: boomerangkit.com
Safe Harbor Statement: This press release contains "forward-looking statements." Although the forward-looking statements in this release reflect the good faith judgment of management, forward- looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements.
Readers are urged to carefully review and consider the various disclosures made by LBTD in our reports filed with OTC Markets Group, Inc., including the risk factors that attempt to advise interested parties of the risks that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.
Contact:
David Ottestad, Creative Director Email: ir@boomerandgkit.com
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SOURCE Boomerang Corp | https://www.wibw.com/prnewswire/2022/08/30/lotus-bio-technology-development-corp-releases-shareholder-update-addressing-securities-exchange-commissions-complaint/ | 2022-08-30T00:31:04Z |
A quarter of healthcare financial leaders need to hire 20+ to adequately staff revenue cycle departments
SOUTH SAN FRANCISCO, Calif., May 18, 2022 /PRNewswire/ -- AKASA™, the leading developer of AI for healthcare operations, released findings from a new survey where more than 400 healthcare finance leaders identified vacancies across their healthcare organizations and the revenue cycle. The findings highlight how insufficient staffing is hampering daily operations and pushing a strained workforce to the limit.
More than 57 percent of health systems and hospitals have more than 100 open roles to fill across their operations.
Of note, there is a correlation between the size of respondents' hospitals and/or health systems and the number of vacancies they reported.
Additionally, one in four healthcare finance leaders report needing to hire more than 20+ employees to fully staff their revenue cycle departments.
"If you don't have the people, you can't do the work," said Amy Raymond, VP of revenue cycle operations at AKASA. "For hospitals, lack of staff within the revenue cycle means you aren't getting paid. To attract talent, healthcare financial leaders should shift their mindsets: this means relaxing job requirements like years of experience or offer intensive training to new hires with limited background in healthcare finance. The second piece is retention: leaders should be investing and upskilling their staff to provide more rewarding work and ensure compensation levels are competitive."
To help fill in the staffing gaps and elevate staff, hospitals and healthcare systems are increasingly looking to AI-powered automation solutions. Automation increases staff productivity, immediately adapts to fluctuating volumes, provides an opportunity for cost restructuring, enables business continuity and the ability to ramp up or down as needed, and improves the patient financial experience.
"We've had the same discussion in the revenue cycle for the past 25 years: how do we reduce churn, increase productivity, or drive down denials?" said Raymond. "Now, the discussion is and will continue to be around automation and being more process-oriented. How do we incorporate automation? What should change management around that look like? Where do we put our people and how do we manage them around automation?"
AKASA is helping leaders understand the changing dynamics impacting the revenue cycle, offering strategies and insights from our experts and solutions to transform healthcare operations in this challenging environment. To learn more, download our report, "No Resignation: Solving Today's Greatest Staffing Challenges in the Healthcare Revenue Cycle."
Commissioned by AKASA, the survey fielded responses from 411 chief financial officers and revenue cycle leaders at hospitals and health systems across the United States through the Healthcare Financial Management Association's (HFMA) Pulse Survey program between December 1, 2021 and December 21, 2021. The national survey was designed to assess the adoption of automation in revenue cycle operations at hospitals and health systems across the U.S.
About AKASA
AKASA is the leading developer of AI for healthcare operations. AKASA scales human intelligence with leading-edge AI and ML securely trained on customer data to learn unique systems, continuously adapt to changing environments, and deliver comprehensive automation and analytics for complex workflows. The result is a seamlessly integrated, customized solution that reduces operating costs, frees up staff to do the work they love, and helps health systems allocate resources to where they matter most/
AKASA has a work-from-anywhere attitude and we are hiring. Step into the future of healthcare with AKASA. Learn more at www.AKASA.com/careers.
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SOURCE AKASA | https://www.kxii.com/prnewswire/2022/05/18/filling-gaps-survey-finds-nearly-60-hospitals-health-systems-have-more-than-100-job-vacancies/ | 2022-05-18T13:45:09Z |
TeraSky, a global award-winning integrator of innovative technologies, has established an office in New York as part of its worldwide expansion strategy.
TEL AVIV, Israel, July 7, 2022 /PRNewswire/ -- TeraSky, a leading provider of cutting-edge solutions based on cloud-native technologies and modern IT infrastructures, has announced its business expansion to the US market.
With the establishment of its office in New York City, TeraSky's team has begun helping US customers successfully navigate their digital transformation journeys by leveraging its deep DevOps, DevSecOps and modern IT expertise in innovative technologies. They bring a proven reputation for reliable and effective implementation of advanced technology's solutions, including cloud-native, multi-cloud, Kubernetes, microservices, containerization, automation, high-performance data storage, data management, data protection, and more.
TeraSky has been recognized repeatedly with awards from leading technology innovators, including VMware Global Partner of the Year, HashiCorp Partner of the Year, AWS Rising Star of the Year, GCP Fastest Growing Partner, and Dell Technologies Breakthrough Partner, among many others.
TeraSky maintains over 500 partner high-level certifications and master competencies and is a recognized expert in Kubernetes implementation and multi-cloud management. TeraSky teams work closely with their customers' developers, DevOps, and IT groups to uncover and address immediate business needs and long-term goals. Their extensive customer roster includes large American, European, and Israeli banks and insurance companies, as well as world leaders in the computer and semiconductors industry, the pharmaceutical industry, government and defense, and more.
"We see many challenges around running workloads and multi-cloud environments and re-platforming applications for customers," notes Ofir Abekasis, TeraSky CEO. "Each of these efforts can keep a company from achieving its goals."
TeraSky's vast expertise and experience, achieved through developing solutions for the world's most forward-thinking tech companies, positions them well to serve customers in the United States in adopting new technologies and using them to optimize their business. "We differentiate ourselves because we come to customer engagements with real-life experience helping tech companies adopt new technologies quickly," Ofir explains. "We know how to provide solutions that meet our customers' challenges and constantly drive successful implementations."
About TeraSky
TeraSky crafts masterful solutions for companies anywhere on the digitalization spectrum, from conventional businesses undergoing digital transformations to born-to-the-cloud startups facing the challenges of expansion and scale. Partnering with the world's leading technology providers, our elite team of forward-thinkers and competent doers designs and builds application and data infrastructures in clouds and data centers. We help our customers beat the complexity of modern IT, meet their business goals and transform with confidence. Learn more at www.terasky.com.
Media Contacts:
Orly Garini-Dil
VP of Marketing
orly@terasky.com
www.terasky.com
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SOURCE TeraSky | https://www.wibw.com/prnewswire/2022/07/07/terasky-brings-its-deep-expertise-proven-reputation-us-market/ | 2022-07-07T12:40:56Z |
All-day music and food festival highlights local farms, businesses and organizations
RALEIGH, N.C., Sept. 13, 2022 /PRNewswire/ -- Farm Aid 2022, scheduled for Saturday, Sept. 24, at Coastal Credit Union Music Park at Walnut Creek, will showcase an all-star music lineup of artists—all donating their performances in support of family farmers and good food. A limited number of tickets are still available.
Farm Aid's Executive Director Carolyn Mugar praised Live Nation, Legend's Hospitality, Coastal Credit Union Music Park and Farm Aid staff who partnered with the regional business and farming community to make this event possible.
"The annual Farm Aid festival brings so many people together. The participation of farmers, food businesses and farm and food organizations across North Carolina, the Southeast and the country creates a dynamic community," said Mugar. "Family farmers will be spotlighted on stage and off; delicious ingredients from local and sustainable farms will be served in our HOMEGROWN Concessions; and farm and food organizations will bring interactive experiences to the HOMEGROWN Village. We hope the entire experience of Farm Aid 2022 will prompt festivalgoers to explore how farmers and eaters can work together for the health of our planet."
- Farm Aid's HOMEGROWN Village (Noon to 5 p.m.) will engage festivalgoers in hands-on activities about climate, soil, water, energy, food and farming. Festivalgoers can hear farmers and artists discuss pressing issues and share inspiring stories on the FarmYard Stage. In the HOMEGROWN Skills tent, attendees can participate in demonstrations to learn agrarian skills and celebrate the cultures of agriculture.
- Farm Aid's HOMEGROWN Concessions® will serve food with ingredients that are sustainably produced by family farmers using ecological practices with a fair price paid to the farmers. HOMEGROWN Concessions® will offer North Carolina pasture-raised beef burgers and hot dogs; pasture-raised pork links and sausages; heritage Motherland Okra in a grains, beans and greens bowl; heirloom tomato sandwiches on bread from North Carolina-grown organic wheat; North Carolina-caught fish and shrimp; and organic red beans and Carolina Gold rice salad. Vendors include Las Gringas Food Truck, Caribbean Kicker, The Pit, Dusty Donuts, Jeff's Amazing Kettle Corn, Patchwork Family Farms, Basnight's Lone Cedar Café, Lilly Den Farm, Tastiest Corner in Durham and Ran-Lew Milk Company.
With a goal of zero waste, HOMEGROWN Concessions® uses compostable service ware and Farm Aid promotes and supports composting in the venue. Interfaith Food Shuttle will pick up and distribute any foodstuffs remaining after the event. - HOMEGROWN Catering for artists, crew, volunteers and staff accepted in-kind donations from: Weaver Street Coop, Foster Caviness, Applegate, Natural Tableware, Hickory Nut Gap, Oatly, Liquid Death Mountain Water, Spindrift, Pete & Gerry's Organic Eggs, Frontier Co-op, Equal Exchange, OKE, Local Hive Honey, Lundberg Family Farms, e.pryor chocolate, Ran-Lew Milk Company and Parkhurst Dining. Trucking services were donated by Happy Dirt and US Foods.
- Farm Aid's HOMEGROWN Youthmarkets will sell seasonal fruit and more. HOMEGROWN Youthmarkets will be staffed by young people from FFA chapters at Millbrook and Apex High Schools and The Grange.
- On the FarmYard Stage, farmers and artists will discuss pressing issues and share inspiring stories showcasing food and farming in the region and across the country. Topics include how farmers and eaters can lead policy efforts to change the farm and food system, how farmers can mitigate climate change through sustainable agriculture, and how farmers can be resilient in the face of climate change and other stressors.
- In the HOMEGROWN Skills Tent, festivalgoers can learn how to grow their own oyster mushrooms, save seeds between seasons, garden in small spaces and even manage backyard animals! Additionally, attendees can check out the petting zoo or swap seeds with local farmers all day.
- Flowers, straw bales and pumpkin décor will be sourced and purchased from local farmers.
- Farm Aid's merchandise will feature T-shirts, totes, hoodies and jean jackets all made with organic cotton, screen-printed at union shop Mirror Image in Rhode Island and also from TS Designs in North Carolina.
- Farm Aid 2022 will feature performances by Willie Nelson & Family, John Mellencamp, Dave Matthews & Tim Reynolds, and Margo Price, as well as Chris Stapleton, Sheryl Crow, Lukas Nelson, Nathaniel Rateliff and The Night Sweats, Allison Russell, Charley Crockett, Brittney Spencer and Particle Kid.
- Circle Network will broadcast the festival on television beginning at 7 p.m. ET, with live and prerecorded segments from Coastal Credit Union Music Park at Walnut Creek. Circle also will stream Farm Aid 2022 on its Facebook, Twitter and TikTok pages (@CircleAllAccess) throughout the day, beginning with the 11 a.m. press event. Fans can find Circle on its linear feed and across most streaming platforms, including Roku, DISH, Samsung TV Plus, Peacock, VIZIO SmartCast, Tubi, Redbox and more.
- Beginning at noon ET, SiriusXM subscribers will be able to listen to Farm Aid 2022 on Willie's Roadhouse (channel 59) and Dave Matthews Band Radio (channel 30) via SiriusXM radios and on the SXM App. The live coverage also will include backstage interviews with artists and stories from family farmers, hosted by SiriusXM's Dallas Wayne. All coverage will feature a behind-the-scenes look at the Farm Aid festival in Raleigh and the organization's year-round work to strengthen family farm agriculture.
- FarmAid.org, Farm Aid's YouTube channel and DISH's Facebook page will livestream Farm Aid 2022 beginning at 11 a.m. ET with the Farm Aid press event. The press event—featuring Farm Aid artists, farmers and food producers from across the Southeast—will livestream for the first time, offering fans at home a special opportunity to experience a dynamic conversation between farmers and artists.
Festivalgoers can access the entire Farm Aid experience through the official Farm Aid 2022 mobile app, available now for iPhone and Android devices. Fans will be able to use the app to get details about the HOMEGROWN Concessions® menu; learn the stories of local farmers; and make a personalized schedule of music, workshops and artist briefings for the day.
Based on the latest local guidelines, attendees are not required to provide proof of a negative COVID-19 test and/or vaccination for entry into this event. In the best interest of fans and staff, Farm Aid encourages festivalgoers to wear a mask throughout the duration of the event. Venue and Farm Aid staff are staying up to date on the latest CDC guidance and industry best practices to limit the transmission of COVID-19. Be sure to check FarmAid.org for the latest updates and guidelines as entry requirements are subject to change.
A limited number of tickets remain available. Ticket prices range from $75 to $315 and are available for purchase at LiveNation.com.
Farm Aid will be offering rare and unique artist-signed and other memorabilia items, including guitars, albums and prints, with proceeds to benefit Farm Aid. The silent auction will run online at farmaid.org/auction from Sept. 24–Oct. 7.
Sponsors of Farm Aid 2022 include DISH Network, Patagonia Workwear, Coastal Credit Union Foundation, Moink, Spindrift, Frontier Co-Op, Deep River Brewing Company.
For event updates, follow Farm Aid on Twitter (@FarmAid), Facebook (facebook.com/farmaid) and Instagram (instagram.com/farmaid), and visit farmaid.org/festival. Festivalgoers are encouraged to use the hashtags #FarmAid2022 and #Road2FarmAid to join the conversation on social media around this year's festival.
Farm Aid's mission is to build a vibrant, family farm-centered system of agriculture in America. Farm Aid artists and board members Willie Nelson, Neil Young, John Mellencamp, Dave Matthews and Margo Price host an annual festival to raise funds to support Farm Aid's work with family farmers and to inspire people to choose family farm food. Since 1985, Farm Aid, with the support of the artists who contribute their performances each year, has raised more than $64 million to support programs that help farmers thrive, expand the reach of the Good Food Movement, take action to change the dominant system of industrial agriculture and promote food from family farms.
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SOURCE Farm Aid | https://www.kxii.com/prnewswire/2022/09/13/farm-aid-2022-what-expect/ | 2022-09-13T18:42:25Z |
US returns to World Cup despite 2-0 loss at Costa Rica
SAN JOSE, Costa Rica (AP) - Christian Pulisic walked across the field with a towel draped around his head, angry after another U.S. defeat.
“We’re competitors, man. We hate to lose. In the moment I was frustrated,” he said. “It took me a little bit for it to sink in, that the qualification hit.”
Nearly 4 1/2 years after Pulisic buried his head in his hands to hide tears of failure, the U.S. rebounded to qualify for this year’s World Cup. A 2-0 loss to Costa Rica on Wednesday left the Americans in third place after the final night of qualifying, the final guaranteed berth from North and Central America and the Caribbean.
For Pulisic, DeAndre Yedlin, Kellyn Acosta and Paul Arriola, smiles of relief broke out after an unrelenting burden was lifted.
“This is whatever I’ve always wanted to be, and right now emotions are a bit crazy,” Pulisic said, his voice quavering.
On the 1,267th day after a 2-1 loss at Trinidad and Tobago ended the Americans’ streak of seven straight World Cup appearances, Yedlin addressed the team before the kickoff.
“I just thanked each and every one of them for giving me a second opportunity to redeem myself, and the country a second opportunity to redeem itself,” said the 28-year-old defender, the only American left from the 2014 tournament.
The U.S. remained winless in 12 qualifiers at Costa Rica, with 10 defeats and two draws.
Juan Pablo Vargas got behind Walker Zimmerman and headed Brandon Aguilera’s corner kick past goalkeeper Zack Steffen in the 51st minute, and Anthony Contreras knocked in Jewison Bennette’s cross off a scramble in the 59th after Steffen palmed Aguilar’s free kick toward Contreras and blocked Contreras’ initial shot.
Coach Gregg Berhalter, who played for the U.S. at the 2002 World Cup, congratulated the players in the locker room. Starting lineups in the 14 qualifiers averaged an American-record low of 23 years, 302 days.
“Being the youngest team in the world to qualify for the World Cup is no easy task,” he said. “It’s a proud moment for the team, proud moment for U.S. Soccer, and we’re looking forward to competing in the World Cup again.”
A sellout crowd of about 35,000 in National Stadium came to life with the goals, but the Americans’ 5-1 rout of Panama at home last weekend gave them a huge goal-difference margin over Costa Rica. That meant the U.S. merely had to avoid losing by six goals or more in order to claim an automatic berth.
Canada, which had clinched its first World Cup trip since 1986 with a win Sunday, finished first in the group with 28 points after a 1-0 loss at Panama, ahead of Mexico on goal difference. El Tri clinched its eighth straight World Cup berth with a 2-0 home win over El Salvador, while the U.S. (25 points) finished third with a plus-11 goal difference to plus-five for Costa Rica (also 25 points).
Ticos coach Luis Fernando Suárez benched six starters from Sunday’s win at El Salvador who carried yellow cards, not wanting to risk a suspension for a June playoff against Oceania champion New Zealand.
As Berhalter spoke to his team, 24-year-old defender Erik-Palmer Brown popped open the first bottle of Duet Mosseux Brut, starting a brief bubbly and beer celebration before some players caught a charter flight to London. Berhalter headed with staff for a red-eye flight to New York and a connection for Qatar ahead of Friday’s draw.
U.S. bench players walked onto the field at the final whistle and exchanged handshakes and hugs with their teammates, while home fans cheered the Ticos. Then American players put on ski goggles and let loose.
“The party is going. I think we have run out of beer,” said Zimmerman, a 28-year-old defender who didn’t play in the first three qualifiers, then started 10 of the last 11. “Coming into the locker room, everyone just decided, you know what, we realized our goal, which was to qualify, and we did that, so everyone kind of forgot about tonight. We put ourselves in that position, where we could afford to do that.”
The U.S. finds out at Friday’s draw which three nations it will face in the group stage, which starts Nov. 21 at a tournament pushed back five months to avoid summer desert heat. A growing and increasingly hypercritical fan base is hoping to see Pulisic & Co. reach the quarterfinals for the first time since 2002.
“Now we have to test ourselves against the best players in the world, the best teams in the world,” said midfielder Tyler Adams, who came off at halftime with a bruise above his left knee from a tackle. “This was only the first stage in our development.”
Pulisic, the first American to play in and win a Champions League final, had been consumed with trying to lift the U.S. back to a World Cup. He led the team with five of its 21 goals despite making just seven starts due to COVID-19, a sprained ankle and shaky form when he first came back from the injury.
“Looking at the big picture, we’re obviously so proud to represent our country at a World Cup, so we’re thrilled for that. In a couple of days, I don’t think we’ll be thinking about this game,” he said. “I think we can do a lot of damage, man. I think we’re a confident bunch of guys, and, yeah, I think the country will get behind us.”
___
More AP soccer: https://apnews.com/hub/soccer and https://twitter.com/AP_Sport
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/03/31/us-returns-world-cup-despite-2-0-loss-costa-rica/ | 2022-04-01T19:15:04Z |
Man left nooses, notes, threatening phone calls mocking BLM movement, feds say
SAGINAW, Mich. (AP) — A retired Michigan optometrist faces federal charges for allegedly leaving nooses and notes mocking the Black Lives Matter movement inside a couple’s truck and near or inside stores as well as placing threatening phone calls.
Kenneth David Pilon, 61, of Saginaw, is charged with six counts of interfering with federally protected activities — a misdemeanor punishable by up to a year in prison and fines, federal prosecutors announced April 28.
The charges allege that “Pilon intimidated and attempted to intimidate citizens from participating lawfully in speech and peaceful assembly opposing the denial of Black people’s right to enjoy police protection and services free from brutality,” an FBI special agent wrote in an affidavit.
Pilon’s attorney, Barry Wolf, was not readily available for comment, the Detroit Free Press reported. The Associated Press left a message Thursday for Wolf requesting comment on the charges.
Federal prosecutors allege that on June 14, 2020, Pilon used racial slurs while calling nine Starbucks stores in Michigan about workers who might be wearing Black Lives Matter T-shirts.
Those calls came days after Starbucks announced it was producing about 250,000 Black Lives Matter shirts for employees to wear if they wanted to express support for the movement following the killing of George Floyd by a Minneapolis police officer.
In one call to a Starbucks store, Pilon allegedly used a racial slur when telling a staffer he planned to lynch someone, according to the court filing.
Then, between June 22, 2020, and July 17, 2020, prosecutors said Pilon left five nooses in Saginaw with handwritten notes reading: “An accessory to be worn with your ‘BLM’ t-shirt. Happy protesting!” Those nooses were left in parking lots in and outside Goodwill, Walmart and Kroger stores, inside a 7-Eleven store and inside a vehicle owned by a Saginaw couple.
That couple, Regina and Donald Simon, told the Free Press that Donald Simon found the noose and note inside his truck one day after they had spent time playing with their puppy in their front yard as they were both wearing Black Lives Matter T-shirts.
“I opened my door, and when I looked at it, then I looked at it again, I was amazed,” said Donald Simon, who is Black, adding that he was overcome with anger and confusion at the sight of the noose. “I was in shock. I thought, ‘Is this really what I think it is?’”
After discovering the noose, the couple posted what happened on Facebook, along with a photo of what was found in the truck.
“He was bringing hate to my front door, and that really bothered us,” said Regina Simon, who is Mexican and white. “We’re not hateful people. That really shook me right there.”
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/05/04/man-left-nooses-notes-threatening-phone-calls-mocking-blm-movement-feds-say/ | 2022-05-04T18:30:43Z |
CDMO business initiated such as mRNA vaccine raw materials·peptides
10 billion KRW invested in Hanmi Fine Chemical facility expansion
SEOUL, South Korea, May 22, 2022 /PRNewswire/ -- Hanmi Fine Chemical (hereinafter Hanmi FC) a subsidiary of Hanmi Pharmaceutical Group specializing in APIs(Active Pharmaceutical Ingredient) development and manufacturing, is now accelerating a new business, expanding its specialties from ongoing APIs to 'high-tech CDMO' services.
Due to the COVID-19 pandemic, there has been an increase in the global demand for high-level, synthetic bio-pharmaceutical raw materials, such as those used in mRNA vaccines, including lipid nanoparticles (LNP), nucleotides, capping materials, polyethylene glycol (PEG) derivatives, and peptides. As such, on May 23, 2022, Hanmi FC (CEO Chang Young-kil) announced that it will launch its areas of business to include CDMO projects in relevant fields.
To this end, Hanmi FC will invest about 10 billion KRW to build facilities for 'high-tech CDMOs'. Last year, Hanmi FC was selected to conduct the Korean government's project for expanding production facilities for COVID-19 vaccines and raw materials and received 1.6 billion KRW in support of such efforts. Furthermore, the company plans to upgrade these facilities even more by supplementing 8 billion KRW from its own funds.
Hanmi Fine Chemicals has accumulated global competitiveness in the CDMO field by participating in R&D for Hanmi Pharmaceutical's biologics and anticancer drugs and by successfully passing GMP inspections in leading countries with advanced pharmaceutical sectors, such as Germany, UK, Japan, and the US FDA.
In addition, Hanmi FC is currently in charge of the development and production of raw materials for Hanmi Pharmaceutical's innovative new drugs, including Belvarafenib (in partnership with Genentech), MKI (in partnership with Aptose), and Poziotinib (in partnership with Spectrum). It is also developing and producing raw materials for LAPSTriple Agonist, LAPSDual Agonist, LAPSGlucagon Analog, and LAPSGLP-2 Analog, Hanmi Pharmaceutical's core biologics.
Based on this competitiveness, Hanmi FC is currently conducting preclinical and clinical CDMO projects worth 10 billion KRW with 10 domestic and foreign companies, and it is expected to form partnerships with even more companies in the second half of 2022.
Furthermore, in order to expand its global CDMO business performance, Hanmi FC is actively participating in various domestic and foreign exhibitions. In May, it participated in TIDES US (9-12, Boston, USA), BIO KOREA (11-13, Seoul), and InformEx (CPhI North America, 17-19, Philadelphia, USA). Hanmi FC is going to participate in the BIO International Convention, which is scheduled to be held in San Diego, USA from June 13 to 16. Lastly, at the end of this year, Hanmi FC plans to attend TIDES Europe from November 15 to 18 in Vienna, Austria.
Hanmi FC CEO Chang Young-kil emphasized that the company boasts sufficient global competitiveness, and that its capacity to rapidly develop materials that require advanced synthetic technology, such as mRNA raw materials, is already top-ranking in Korea.
[Reference Materials] About Hanmi Fine Chemical
Established in 1984, Hanmi FC is a company specializing in APIs. In 1993, it built Korea's first large-scale raw material synthesis GMP plant in Sihwa Industrial Complex, located in Gyeonggi-do.
The quality of Hanmi FC's cephalosporin products are recognized not only in Korea, but also in developed markets such as the US and Europe. In 2006, Hanmi FC successfully passed the US FDA inspection in the sterile raw materials sector. In addition, it has proven its global competitiveness through the approval of GMP inspection by major pharmaceutical advanced countries, such as Germany, the UK, and Japan. It has also secured practical capacities for carrying out global CDMO in various fields, such as those in mass production of existing APIs and the operation of GMP.
Recently, Hanmi FC has succeeded in synthesizing and developing essential raw materials for the manufacturing of mRNA vaccines and is planning to expand facilities for their mass production. Excellent human resources from leading domestic and foreign pharmaceutical bioresearch centers, such as the Hanmi Pharmaceutical Research Center, are in charge of the company's R&D. Currently, Hanmi FC exports products to more than 30 countries around the world.
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SOURCE Hanmi Pharmaceutical | https://www.mysuncoast.com/prnewswire/2022/05/23/hanmi-fine-chemical-launches-high-tech-cdmo-business/ | 2022-05-23T01:39:49Z |
More than 350 seniors in Temple High School’s Career and Technical Education program networked with local industry leaders during the “Ready to Work” event on Thursday.
The hiring event — which featured 40 total businesses and government entities — was held in the Temple High School Library where students had the opportunity to ask about job openings, pass out resumés and complete on-site interviews.
“One of the visions of this CTE Center was to produce students that can stay here and contribute locally. This is a real-life example of that vision coming true,” Temple ISD Superintendent Bobby Ott told the Telegram. “It is a good experience for our students because they get to interact with different professions and have good conversations, but it is also a great experience for our different employers because they get a chance to have a competitive advantage by tapping into the local labor force early.”
This year’s participating employers included Animal Medical Care, Baylor Scott & White, Butler Weldments Corp., Don Ringler Chevrolet, Frank W. Mayborn Civic and Convention Center, McLane Co., Temple Machine Shop, Wilsonart, Emerson Construction Co. and Materials Transportation Co., according to Temple ISD.
“It’s a great opportunity because it showcases what jobs are in the local area,” Nicholas Guajardo, Temple Machine Shop’s director of human resources, said. “But we also have a mentorship program with TISD where students come to our facility to learn welding, assembling and manufacturing — skills like that. So it’s not just about showing the students what manufacturing is but giving them an opportunity to practice.”
He called that partnership a blessing.
“When you’re searching for talent, you want people that can perform the job at the highest capacity,” Guajardo said. “When someone already has that educational background it just really gives them the chance to jump right in. They can be more productive in a shorter time frame.”
Amadeus Chandler, a Temple High School senior, was among the many who found an industry he was interested in.
“I was able to find a lot of jobs that I am interested in and even get an application,” he said. “Whenever you have a job fair like this during a class period, it makes it so much easier for everyone to get here. I was able to see what kind of options are available here in Temple and what might be out there for me after graduation.”
With that glimpse into the local job market, Marissa Rojo, a fellow Temple High senior, is ready to get to work.
“I have a bunch of resumes and applications I need to send out now,” she said. “I never knew there were so many different places you could apply, so that really stood out to me.”
Denise Ayres, Temple ISD’s CTE director, was pleased to see interest in the “Ready to Work” event — which is in its seventh year — continue to grow.
“We have so many businesses participating that there is a list of people that I wasn’t able to let come,” she said. “So I have a waiting list. We won’t have another event like this this year but I am talking to a couple of those businesses about coming to speak to individual classes about what they’re looking for. I’ll do anything I can to connect businesses with our students and our students with businesses.”
Ayres hopes the hiring event accomplished two goals Temple High School had for its students: to become aware of career opportunities that they may not have known are available to them here in the community, and to meet employers who they want to go work for.
“Any time students have opportunities to connect with employers, it is going to make it easier for them to get employed, and that is one of the main reasons we do this,” she said. “But it is just as beneficial for our employers … so it is the perfect connection. It makes it easy for our students to talk to a lot of businesses. It is great exposure and a great connection opportunity for our students and our employers.” | https://www.tdtnews.com/news/business/article_dcadd182-c743-11ec-9e31-6fcfd1d7cf0f.html | 2022-04-29T02:09:20Z |
"Our long-term strategic partnership with Aptitude will support the delivery of innovative products and services."
LONDON, June 8, 2022 /PRNewswire/ -- Aptitude Software, a specialist provider of finance transformation and automation software, is delighted to welcome MyRepublic to the Aptitude client community.
MyRepublic, one of the fastest-growing telecoms operators and a leader in digital transformation for the sector, selected Aptitude RevStream (AREV) to support their ambitious business goals and ensure they have the necessary financial controls, scalability, and access to real-time analytics required by a rapidly growing organization across its operations in Singapore, Australia, and New Zealand.
"Aptitude RevStream will give us the automation and control we need to comply with IFRS 15 and prepare for an IPO, while also providing our finance team with improved access to data, analytics, and dashboards to support decision making. Our long-term strategic partnership with Aptitude will support the delivery of innovative products and services and we are excited about the opportunities it will provide." states Lavinia Koh, Finance Transformation Lead at MyRepublic.
Jeremy Suddards, CEO, Aptitude Software, states, "We are so pleased to play a role in helping MyRepublic fine tune their financial business models to support their growth goals. Finance leaders must be able to play the role of transformation enabler within their business. With RevStream, finance can shift their focus from data aggregation and calculation to forecasting and advisory."
AREV is a scalable SaaS solution that fully automates the end-to-end revenue lifecycle from determining product pricing, to revenue recognition and accounting, to financial close, disclosures and reporting. It allows finance to actively manage the end-to-end revenue lifecycle and provide data-driven insights to the business.
Aptitude is an AWS APN Technology partner, and since 2019, has used AWS to host its growing portfolio of SaaS solutions. Today Aptitude hosts 80% of their SaaS solutions on AWS.
For more information about Aptitude RevStream, please visit https://www.aptitudesoftware.com/product/aptitude-revstream/
Aptitude Software helps complex organizations automate and transform their financial business models. Our core areas of focus are the accelerating digitization of the finance function, and the global push to deploy and manage subscription offerings. Our global client base includes some of the world's largest companies. Aptitude Software is an operating company of Aptitude Software Group plc. For more information, please visit https://www.aptitudesoftware.com
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SOURCE Aptitude Software Limited | https://www.kxii.com/prnewswire/2022/06/08/myrepublic-selects-aptitude-revstream-revenue-management-compliance/ | 2022-06-08T16:43:19Z |
PASADENA, Calif., May 5, 2022 /PRNewswire/ -- This week, Huntington Hospital hosted a reception in honor of the longtime support and generosity of Panda Charitable Family Foundation, the philanthropic arm of the Cherng family, the founding family of the beloved and largest Asian dining concept in the U.S. Panda Express. The gathering was held to recognize their recent $25 million gift to Huntington Hospital, supporting the enhancement of the hospital's surgical program. In addition, the building on Huntington's campus known as the "West Tower" has now been named the Cherng Family West Tower.
"I'm incredibly grateful for the Cherng family's investment in our hospital and healthcare for the community," said Lori J. Morgan, MD, MBA, president and CEO, Huntington Health. "Their generous gift helps secure Huntington's future as a leader in surgical care as one of the top hospitals in our region, touching the lives of hundreds of thousands of patients in the years to come."
The Cherngs have a long history of supporting Huntington Hospital. From the smallest newborns to the most complex trauma patients, their gifts over the years have helped save the lives of countless individuals in the region. In addition, the Cherngs coordinated a donation of personal protective equipment (PPE) through the Panda Cares Foundation, and its COVID-19 Community Care Fund, supporting the health of Huntington's caregivers.
"For many years, Andrew and Peggy Cherng and their family have greatly supported our community personally, as well as through the work they do through the Panda Cares Foundation," said Jane Haderlein, senior vice president of philanthropy and public relations, Huntington Health. "We are proud to display their family name on our campus as a symbol of their commitment to our local community and the lifesaving care they are supporting through their generosity. We feel fortunate to consider them lifelong friends and advocates of our hospital."
To learn more about Andrew and Peggy Cherng and the impact they have made through the Panda Cares Foundation, please visit: www.pandacares.org
For details on how to support Huntington Hospital, please visit: https://giving.huntingtonhospital.com/
About Huntington Health
Huntington Health, www.huntingtonhealth.org, an affiliate of Cedars-Sinai, offers the full spectrum of care for every need: Whether at our hospital, urgent care, ambulatory surgery center, cancer center or doctor's office, we're here to care for the physical, mental and social well-being of every person. Huntington Health is home to the largest emergency department and only level-II trauma center in the San Gabriel Valley. And our Family Birth Center and level-III neonatal intensive care unit (NICU) give babies the safest start to life. Learn more about us on social media: Facebook, Twitter and Instagram
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SOURCE Huntington Hospital | https://www.kxii.com/prnewswire/2022/05/11/andrew-peggy-cherng-make-25-million-gift-huntington-hospital/ | 2022-05-11T19:15:53Z |
HAMILTON, Bermuda, March 31, 2022 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today that HG Global Ltd. ("HG") closed a new $150 million, 10-year term loan credit facility with Hudson Structured Capital Management Ltd, (conducting its re/insurance business as HSCM Bermuda) and Security Benefit Life Insurance Company. HG expects to receive the proceeds of the loan on or prior to May 31, 2022. A portion of the proceeds of the loan will be used to pay a $120 million dividend to White Mountains Insurance Group, Ltd. and the other equity holders of HG. The facility received an investment grade rating of BBB from Kroll Bond Rating Agency, LLC. The facility does not impact the reinsurance obligations of HG Re Ltd.
White Mountains is a Bermuda-domiciled financial services holding company traded on the New York Stock Exchange and the Bermuda Stock Exchange under the symbol WTM.
Hudson Structured Capital Management Ltd., conducting its re/insurance investment management business as HSCM Bermuda ("HSCM"), is an asset manager focused on alternative investments seeking mezzanine level returns. HSCM focuses on the Re/Insurance and Transportation sectors. HSCM launched in 2016, and as of January 1, 2022 had more than $3 billion in assets under management and committed capital. HSCM focuses on core economic sectors that are likely to outgrow global GDP, offer low correlations with broader markets, and are experiencing a shift from balance sheet to market financing. For more information, please visit www.hscm.com.
Security Benefit Corporation ("Security Benefit"), through its subsidiary Security Benefit Life Insurance Company (SBL), a Kansas-based insurance company that has been in business for 130 years, is a leader in the U.S. retirement market. Security Benefit together with its affiliates offers products in a full range of retirement markets and wealth segments for employers and individuals and reached $50.5 billion in assets under management as of September 30, 2021. Security Benefit, an Eldridge business, is one of the fastest growing U.S. retirement companies and continues its mission of helping Americans To and Through Retirement®. Learn more at www.securitybenefit.com or www.eldridge.com.
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included or referenced in this release which address activities, events or developments which White Mountains expects or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements include statements with respect to the funding of, or receipt of proceeds from, a loan and HG's payment of a dividend from the proceeds of such loan.
These statements are based on certain assumptions and analyses made by White Mountains in light of current conditions and expected future developments, as well as other factors believed to be appropriate in the circumstances. However, whether actual developments will conform to its expectations is subject to risks and uncertainties that could cause actual results to differ materially from expectations, including actions taken by ratings agencies, such as financial strength or credit ratings downgrades or placing ratings on negative watch; the continued availability of capital and financing; deterioration of general economic; changes in domestic or foreign laws or regulations, or their interpretation, applicable to White Mountains or HG, its competitors or its customers; and other factors, most of which are beyond White Mountains's control.
Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements, and there can be no assurance that the developments anticipated by White Mountains will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, White Mountains or its business or operations. White Mountains assumes no obligation to publicly update any such forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: Rob Seelig
(603) 640-2212
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SOURCE White Mountains Insurance Group, Ltd. | https://www.mysuncoast.com/prnewswire/2022/03/31/hg-global-closes-new-150-million-credit-facility/ | 2022-04-01T02:08:32Z |
Public voting for pastry shop, cider mill, dumpling shop, tea lounge and Afro-fusion restaurant continues until July 8
DETROIT, June 27, 2022 /PRNewswire/ -- The first round of votes are in and after a tight race Hatch Detroit powered by TechTown has announced that five entrepreneurial teams will advance to the final stage of the Comerica Hatch Detroit Contest, which includes another round of public voting and the opportunity to compete at Hatch Off on July 21.
Additionally, final round voting will be extended through July. 8.
"The public's vote is so critical in the Comerica Hatch Detroit Contest because the people that are casting votes are the community members that will be patronizing and frequenting these businesses for years to come," said Vittoria Katanski, executive director of Hatch Detroit. "Hatch Detroit prioritizes investing in Detroit's 'biggest' small businesses by elevating entrepreneurs and giving them the counsel and resources needed to thrive in our community."
This is the second time in the contest's 10-year history that five businesses have been named finalists. In 2019, the voting came down to the wire and voting for the fourth and fifth finalists was so close that the decision to include the top five vote getters in the final round was made for the first time in the history of the Comerica Hatch Detroit Contest.
"It is exciting to see such a passionate response to these talented business owners and their retail concepts, and that is what helps drive the success of this contest", Katanski continued. "As a result,, it was best for all five finalists to have their chance to compete in both the final round of public voting and the Hatch Off since the difference between the fourth and fifth place semi-finalists was again so compellingly close."
These rising entrepreneurs will go head-to-head to win the $100,000 grand prize from Comerica Bank as well as pro bono support and counsel from Hatch Detroit powered by TechTown to kickstart and open a brick-and-mortar business in Detroit, Hamtramck or Highland Park.
The five finalists now enter the final round of public voting and will have the opportunity to present their business plan in front of a live audience at the Comerica Hatch Detroit Contest's annual Hatch Off on Thursday, July 21.
The five finalists vying to take home $100,000 in this year's Comerica Hatch Detroit Contest are:
- COLFETARIE: a European dessert and pastry shop, specializing in Romanian desserts and pastries. Their goal is to bring together the cultures of Detroit and Romania, while offering a taste of Europe, right in the heart of Downtown Detroit, no passport needed!
- Detroit Farm and Cider: a 4.9 acre commercial farm on Detroit's West side with plans to build a cider mill and offer youth day camps and horseback riding classes.
- Gajiza Dumplins: a dumpling shop that specializes in Asian style eats and handmade dumplings from scratch. The dumplings come in more than 30 flavors and range from traditional pork and shrimp Shumai to contemporary western style, including miso cheeseburger gyoza or goat cheese and leek. Their focus is based on Asian street food: fast and delicious.
- Lily's & Elise: a luxury tea lounge on the Avenue of Fashion whose primary focus is in the premium service of European-style afternoon and high tea with fresh pastries and small plates to accompany orders.
- Little Liberia: an Afro fusion pop-up restaurant looking to find a permanent space to introduce Liberia's rich multicultural cuisines to the people of Metro Detroit. They serve authentic Liberian dishes, a cuisine whose heritage is a mixture of African, Caribbean, and Antebellum-South African American influences.
To give the public extra time to cast their votes, the second round of voting has been extended until 12 a.m. on Friday, July 8. Individuals can cast their vote once every 24 hours online at www.hatchdetroit.com/vote.
The annual Hatch Off event functions similarly to a 'Shark Tank' style pitching competition. The top five businesses will have the opportunity to present their business pitch to a panel of judges as well as a live audience. Public voting, along with the judges' deliberation, will determine the winner of the 2022 Comerica Hatch Detroit Contest.
"The Comerica Bank and Hatch Detroit partnership has contributed to the cultivation and revitalization of Detroit's economy and community development for the past 10 years," said Linda Nosegbe, Comerica Bank vice president and southeast external affairs market manager. "We have seen such an overwhelming amount of support from the community as well as contest alumni. Supporting local small businesses strengthens the lifeblood of our cities and neighborhoods, and we partner with organizations like Hatch Detroit and TechTown to help reward ingenuity, tenacity, innovation and creativity."
Together, Hatch Detroit alumni have opened 49 businesses, employ more than 500 people and have invested more than $7 million in their businesses. Over the years, the Comerica Hatch Detroit Contest has helped launch some of Detroit's most successful and well-known businesses, including, La Feria (2012), Sister Pie (2014), Live Cycle Delight (2015), Meta Physica Massage (2016), Baobab Fare (2017) and 27th Letter Books (2019).
Tickets are now available to witness the top five business pitches and see the winner of the Hatch Off competition crowned. The Hatch Off takes place on at 7 p.m. on Thursday, July 21, with doors opening at 6p.m., at the Wayne State University Industry Innovation Center, located at 461 Burroughs Street in Detroit. To purchase your ticket to the Hatch Off, visit hatchdetroit.com/events.
About Hatch Detroit
Hatch Detroit supports both existing and new retail initiatives in the cities of Detroit, Highland Park and Hamtramck. Hatch Detroit was founded in 2011 to give residents and aspiring entrepreneurs an opportunity to have a voice in neighborhood retail development and joined TechTown Detroit's suite of entrepreneurial programs and services in 2022. Beyond the contest, Hatch Detroit provides funding, exposure and mentoring in support of its alumni entrepreneurs. With support from Hatch Detroit, 49 alumni have opened businesses. They employ over 500 people and have invested over $7 million in economic development. To learn more, visit hatchdetroit.com.
About Comerica Bank
Comerica Bank, a subsidiary of Comerica Incorporated, has served Michigan longer than any other bank with a continuous presence dating back over 172 years to its Detroit founding in 1849. It is the largest bank employer in metro Detroit and over 4,500 employees (FTE) statewide. With one of the largest banking center networks in Michigan, Comerica nurtures lifelong relationships with unwavering integrity and financial prudence. Comerica positively impacts the lives of Michigan residents by helping customers be successful, providing financial support that assists hundreds of charitable organizations, and actively participating in Detroit's downtown revitalization. Comerica Incorporated (NYSE: CMA) is a financial services company strategically aligned by three business segments: The Commercial Bank, The Retail Bank, and Wealth Management. Follow on Facebook: www.facebook.com/Comerica, Twitter: @ComericaBank and Instagram: @comerica_bank.
About TechTown Detroit
TechTown is a nonprofit business service organization that provides programs, education and resources for early- to growth-stage small businesses and tech entrepreneurs. By building bridges for entrepreneurs to succeed, TechTown is accelerating an inclusive economy for Detroit and Southeast Michigan. Since 2007, TechTown has supported more than 4,700 companies, which has created thousands of jobs and raised more than $172.5 million in startup and growth capital. For more information, visit techtowndetroit.org.
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SOURCE Comerica Bank | https://www.wibw.com/prnewswire/2022/06/27/top-five-finalists-comerica-hatch-detroit-contest-unveiled/ | 2022-06-27T17:01:48Z |
PACE Funding helps communities reduce energy and water usage, reach climate change policy goals, prepare for natural disasters
LOS GATOS, Calif., May 11, 2022 /PRNewswire/ -- The City of Maywood, in Los Angeles County, has voted to approve the Property Assessed Clean Energy (PACE) home improvement financing option, available through the California-based company Home Run Financing. This innovative financing mechanism helps communities upgrade their housing stock to be more energy and water efficient and more resilient in the face of earthquakes and wildfires, while creating good jobs in the clean energy sector.
PACE enables homeowners to make renewable energy, energy and water efficiency, and earthquake and wildfire related upgrades, then pay over time through their property taxes. Because of this payment mechanism, PACE providers must be approved by each city and county.
"PACE is an equity creator," explained Robert Giles, CEO of Home Run Financing. "This financing model opens up access to capital for underbanked, underfinanced communities, including low-income communities and communities of color. These communities have welcomed the PACE model with its inclusive accessibility and robust consumer protections." Maywood has the highest proportion of Latinos and immigrants in Los Angeles County.
Maywood joins Alhambra, Arcadia, Covina, and Montebello, that have added PACE as an option for their property owners since last year. More than 45 cities in Los Angeles County have now approved a PACE program; the following have access to Home Run PACE financing: Agoura Hills, Alhambra, Arcadia, Azusa, Baldwin Park, Claremont, Commerce, Covina, Cudahy, Duarte, El Monte, Gardena, Glendale, Glendora, Inglewood, La Verne, Lancaster, Long Beach, City of Los Angeles, Lynwood, Maywood, Montebello, Monterey Park, Norwalk, Palmdale, Redondo Beach, Santa Fe Springs, Santa Monica, Torrance, Walnut, West Covina and West Hollywood.
"Approving PACE unanimously is a great step forward for Maywood," said Mayor Heber Marquez. "We live with ongoing injustices, inequities, and rising property prices, but PACE brings a new type of hope through equitable financing solutions Latino communities often don't qualify for, bringing efficient water and energy options for homeowners."
The PACE financing model has evolved significantly over the last decade. It now provides the strongest consumer protections of any home improvement financing product, requiring price cap protections on project costs; additional protections for elderly and low-income homeowners; financial hardship protection policies; term verification calls to confirm the homeowner understands their contract terms; a call to verify the project is complete before the contractor gets paid; third-party inspection of the completed project; and rigorous contractor oversight and training, among several other stringent consumer protection measures.
Learn more at www.homerunfinancing.com.
CONTACT
Severn Williams
swilliams@tanagercommunications.com
510-336-9566
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SOURCE Home Run Financing | https://www.mysuncoast.com/prnewswire/2022/05/11/maywood-approves-pace-financing-option-energy-water-savings-renewable-energy-earthquake-preparedness-wildfire-hardening/ | 2022-05-11T23:08:13Z |
BRUSSELS (AP) — NATO Secretary-General Jens Stoltenberg said Thursday that Finland and Sweden would be embraced with open arms should they decide to join the 30-nation military organization and could become members quite quickly.
Stoltenberg’s remarks came as public support in Finland and Sweden for NATO membership mounts in response toRussia’s war in Ukraine. Media speculation in the two countries suggest the two might apply in mid-May.
“It’s their decision,” Stoltenberg said. “But if they decide to apply, Finland and Sweden will be warmly welcomed, and I expect that process to go quickly.”
He gave no precise time frame, but did say that the two could expect some protection should Russia try to intimidate them from the time their membership applications are made until they formally join.
Stoltenberg said he’s “confident that there are ways to bridge that interim period in a way which is good enough and works for both Finland and Sweden.”
NATO’s collective security guarantee ensures that all member countries must come to the aid of any ally under attack. Stoltenberg added that many NATO allies have now pledged and provided a total of at least $8 billion in military support to Ukraine.
Before launching the war in Ukraine, Russian President Vladimir Putin demanded that NATO stop expanding and pull its troops back from Russia’s borders. So the prospect of neighboring Finland, and Sweden, joining the trans-Atlantic alliance is unlikely to be welcomed in Moscow.
Finland has a conflict-ridden history with Russia, with which it shares a 1,340-kilometer (830-mile) border. Finns have taken part in dozens of wars against their eastern neighbor, for centuries as part of the Swedish Kingdom, and as an independent nation including two fought with the Soviet Union from 1939-40 and 1941-44.
In the postwar period, however, Finland pursued pragmatic political and economic ties with Moscow, remaining militarily nonaligned and a neutral buffer between East and West.
Sweden has avoided military alliances for more than 200 years, choosing a path of peace after centuries of warfare with its neighbors.
Both countries put an end to traditional neutrality by joining the European Union in 1995 and deepening cooperation with NATO. However, a majority of people in both countries remained firmly against full membership in the alliance — until now.
___
Follow the AP’s coverage of the war at https://apnews.com/hub/russia-ukraine | https://cw33.com/news/international/ap-international/nato-chief-says-finland-sweden-could-join-quite-quickly/ | 2022-04-29T07:06:09Z |
PANAMA CITY, Aug. 30, 2022 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the "Bank"; NYSE: BLX) announces its new issuance of Cebures ("Certificados Públicos Bursátiles") in the Mexican capital markets, in the amount of MXN 5,493 million (Mexican Pesos five thousand four hundred and ninety three million).
The Notes have been issued under a dual-tranche structure, of 3.5 and 5 years. The former with a floating-rate coupon of 28-day TIIE plus 29 basis points and the latter at M-Bono+70 basis points. The issuance was supported by a robust book of orders from a diversified investor base made up of pension funds, insurance companies, and asset managers.
"The success of this new bond placement in the Mexican Capital Markets is a clear demonstration of investor confidence in Bladex's franchise and robust financial performance. We would like to thank both bookrunners for a very professional and seamless execution," Eduardo Vivone, Executive Vice President, Treasury and Capital Markets commented.
Jorge Salas, Chief Executive Officer added, "Our commercial portfolio shows a consistent growth trend and robust credit quality, and our new commercial strategy will allow us to further expand and consolidate our footprint in the Region. Mexico is one of the pillars of this strategy and the proceeds of this new transaction will be deployed to fund new initiatives in Latin American and the Caribbean and specially to support our Mexican clients. Banco de Mexico is one of our shareholders and we are very proud to have become a recurrent issuer in this market."
The issuance was rated "mxAAA" by STANDARD & POOR'S, S.A. DE C.V. and "AAA(mex)" by FITCH MEXICO, S.A. DE C.V. The arrangers were Casa de Bolsa BBVA Bancomer, S.A. de C.V., Grupo Financiero BBVA Bancomer and Casa de Bolsa Santander, S.A. de C.V., Grupo Financiero Santander México.
Bladex is a multi-national bank established by the central banks of Latin-American and Caribbean countries, to promote foreign trade finance and economic integration in the Region. Bladex is listed on the NYSE-Euronext in the United States of America (ticker symbol: BLX). Bladex's shareholders include central banks, state-owned entities and commercial banks from 23 Latin America countries, as well as international banks and institutional and retail investors through its public listing on the NYSE-Euronext.
The Bank, headquartered in Panama, has offices in Argentina, Brazil, Colombia, Mexico, and New York, to support the expansion and servicing of its client base, which includes financial institutions and corporations.
For further information on Bladex, please access its website at www.bladex.com or contact:
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SOURCE Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) | https://www.kxii.com/prnewswire/2022/08/30/bladex-announces-new-bond-issuance-mexico/ | 2022-08-30T11:47:36Z |
NEW ORLEANS, July 1, 2022 /PRNewswire/ -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until August 15, 2022 to file lead plaintiff applications in a securities class action lawsuit against Unilever PLC (NYSE: UL), if they purchased the Company's American Depositary Receipts ("ADRs") between September 2, 2020 and July 21, 2021, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York.
Get Help
Unilever investors should visit us at https://claimsfiler.com/cases/nyse-ul/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
Unilever and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On July 19, 2021, the Company's wholly owned subsidiary, Ben & Jerry's, announced a resolution to end sales of its ice cream in "Occupied Palestinian Territory" upon the expiration of the current licensing agreement by which its products had been distributed in Israel for decades. Then, on July 22, 2021, media sources reported that the states of Texas and Florida were investigating Ben & Jerry's actions for possible violations of the states' Anti-BDS (boycotts, divestment, and sanctions of Israel) legislation.
On this news, ADRs of Unilever fell $3.19 per share, or approximately 5.4%.
The case is City of St. Clair Shores Police and Fire Retirement System v. Unilever PLC, et al., No. 22-cv-05011.
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
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SOURCE ClaimsFiler | https://www.mysuncoast.com/prnewswire/2022/07/02/unilever-shareholder-alert-claimsfiler-reminds-investors-with-losses-excess-100000-lead-plaintiff-deadline-class-action-lawsuit-against-unilever-plc-ul/ | 2022-07-02T03:03:24Z |
New law will keep 44 Bannock County residents on property tax reduction program
BANNOCK COUNTY, Idaho (KIFI) - The Bannock County Assessor’s Office is aware of the recent changes made to the Property Tax Reduction Program, formerly known as the “Circuit Breaker.”
Governor Brad Little signed House Bill 481 on March 29, effectively keeping approximately 40 Bannock County residents on the program.
The Property Tax Reduction (PTR) Program is meant to help seniors, people with disabilities and widowers reduce their property taxes up to $1,500 a year. Qualifications are based on the value of the home and the homeowner’s income.
In 2021, the Idaho Legislature passed House Bill 389, which disqualified some needy seniors from a property tax reduction if the value of their home rose.
The new legislation, HB 481, raises the maximum value of qualifying residential homes from 125% to 150% of the county’s median assessed value, or up to $300,000 of assessed value.
The State Tax Commission estimated HB 389 would disqualify more than 1,700 needy recipients, but the new legislation dropped that number to 625. In Bannock County, the estimated number of residents losing the benefit dropped from 84 to 40. That calculation is based off the county’s 2021 median assessed value and could change based on the 2022 median assessed value.
Assessor Sheri Davies encourages residents to apply even if they’re unsure if their home value will qualify under the county’s median assessed value. The Assessor’s Office will be able to calculate Bannock County’s median value in late summer, after values are certified with the State Tax Commission in late July to early August.
Applications for the Property Tax Reduction Program are due on Monday, April 18. Property owners who have been approved for the PTR benefit in previous years must apply again each year. Staff in the Assessor’s Office are available to answer questions and help with applications Monday through Friday, 8 a.m. to 5 p.m. Visit the Assessor’s Office at 130 North 6th Avenue in Pocatello (no appointments necessary) or call 208-236-7260. | https://localnews8.com/news/pocatello/2022/04/04/new-law-will-keep-44-bannock-county-residents-on-property-tax-reduction-program/ | 2022-04-04T17:37:04Z |
STOCKHOLM, May 18, 2022 /PRNewswire/ --"In the first quarter of 2022, license revenue rose 35 percent and support revenue rose 24 percent. Operating profit amounted to SEK 30 M (12)."
Johan Löf, CEO of RaySearch
FIRST QUARTER (JANUARY – MARCH 2022)
- Order intake SEK 272.5 M (145.1)
- Net sales SEK 208.1 M (162.1)
- Operating profit SEK 29.6 M (12.3)
- Profit after tax SEK 19.3 M (7.1)
- Earnings per share before/after dilution SEK 0.56 (0.21)
- Cash flow SEK 35.3 M (32.8)
- Order backlog SEK 1,488.7 M (1,207.1) at the end of the period
SIGNIFICANT EVENTS DURING THE FIRST QUARTER
- In January, RaySearch signed an agreement with Proton International Arkansas to provide RayStation at the UAMS Radiation Oncology Center.
- In February, the Charles-Le Moyne hospital in Canada placed an order for RayStation, which will become the hospital's primary treatment planning system.
The COVID-19 pandemic
The negative effect of the pandemic on RaySearch's sales appears to be weakening as the pandemic subsides. In Asia, market conditions normalized and conditions improved in Europe and the US during the quarter. However, it remains difficult to say how the pandemic will affect the coming quarters with any great certainty.
SIGNIFICANT events AFTER THE END OF THE REPORTING PERIOD
- In April, Hong Kong Sanatorium & Hospital placed an order for RayStation, thereby becoming RaySearch's first customer in Hong Kong within the proton therapy segment.
- In April, Seoul National University Hospital placed an order for RayStation.
- In April, Mevion China placed an order for RayStation, which it sold together with Mevion's proton therapy system to Tongji Hospital in Wuhan in China.
- In May, RaySearch entered into an agreement with GE Healthcare to develop a new radiation therapy simulation and treatment planning workflow solution.
- In May, RayCare was taken into clinical use with Accuray's CyberKnife treatment delivery system at Swiss Medical Network in Switzerland.
- CFO Torbjörn Wingårdh left RaySearch
financial SUMMARY1
1 For definitions of key ratios, see page 20.
HIGHEST EVER FIRST QUARTER SALES
The pandemic had a negative impact on our sales, but we could see clear signs of a recovery already in the fourth quarter of 2021 and are delighted to note that this positive trend has continued. During the year's first quarter, we witnessed an increase in order intake of 88 percent compared with the year-on-year period and RaySearch's sales were at the highest ever level for a first quarter, SEK 208 M. In addition, EBIT totaled SEK 30 M, representing an operating margin of 14 percent. We also had more opportunities to meet customers face-to-face as travel restrictions were lifted in many countries. The positive signals are in line with our expectations and I am optimistic about a stabilization in market conditions and a return to normal circumstances, even though the pandemic is not yet completely behind us.
A few days ago, we returned from one of our industry's main trade fairs, ESTRO, which was a highly positive experience. There was a palpable energy among the many visitors to our booth and great interest in our products, with many demonstrations and a large number of fruitful partnership discussions.
NEW ORDERS STRENGTHEN LEADING POSITION IN PROTON MARKET
Treatment planning for particle treatments (protons/carbon ions/BNCT) is an important focus area for RaySearch and today RayStation has a global market share of more than 60 percent. This position was also strengthened by several important orders, including from Hong Kong Sanatorium & Hospital, Seoul National University Hospital (SNUH) and Proton International Arkansas. Another important order, though not in proton therapy, was from Charles-Le Moyne in Canada. The hospital's cancer clinic has used RayStation since 2018 and has now ordered additional licenses as well as upgrades to the system.
We have seen a sharp increase in interest for RayCare. In addition to that fact that RayCare is seen as a next generation oncology information system, this was mainly driven by three factors. The first is the positive feedback provided by reference customers, such as Swiss Medical Network in Switzerland and UZ Leuven in Belgium. Furthermore, we can see that RaySearch's strong offering in proton therapy – which has given us a market-leading position – means new, potential proton customers look upon RayCare as an attractive alternative. Lastly, we expect to see increased interest when it becomes possible to connect RayCare to Varian's TrueBeam later in the year. We believe most interest in acquiring RayCare will be shown by centers with treatment machines from several different manufacturers.
RAYCOMMAND IN CLINICAL USE
An important milestone was reached in April when RaySearch's latest product, RayCommand, was taken into clinical use for the first time, which occurred at MedAustron in Austria. MedAustron has used RayStation for some time to plan carbon ion therapy, which is the most advanced form of radiation therapy. RaySearch and MedAustron have had a unique and close cooperation for several years in the development of RayCommand and it is very gratifying to see how this has now resulted in a new and innovative product. Earlier this spring, MedAustron also took RayCare into clinical use and therefore became the first center in the world to use the three systems – RayStation, RayCare and RayCommand – together to treat patients. The RayCommand treatment delivery system serves as a link between the treatment machine, RayStation and RayCare and also coordinates and orchestrates the other systems at the center, such as imaging systems, beam delivery systems and the patient positioning systems.
Another key milestone after the end of the quarter was that Swiss Medical Network in Switzerland treated its first patient using Accuray's CyberKnife treatment delivery system together with RayStation and RayCare. In addition to these two extraordinary events, product development is progressing according to plan for all products and RayStation and RayCare are both in the final phase ahead of their half-year launches in June.
WELL POSITIONED FOR GROWTH
The cost-saving program initiated in autumn 2021 is continuing and we can see a clear reduction in costs for travel and events as well as a slight decrease in personnel costs as a result of the continued recruitment freeze. Given all of the positive signals from the market, I am optimistic about the future. Concurrently, I am retaining a realistic view of business, well aware of the fact that we have yet to fully leave the pandemic behind us. We will therefore continue along the route we have set, focusing on sales, product development and cost control. With this strategy, combined with improving market conditions, a quarter with strong figures and an order backlog that once again achieved a new peak (SEK 1,489 M), we have an solid foundation for a return to growth during the year.
Stockholm, May 18, 2022
Johan Löf
CEO and founder
Financial information
RaySearch operates in a market with uneven order flows where large individual orders can have a substantial impact on revenue recognition between the quarters and, because the company has limited (less than 10 percent) variable costs for license revenue, operating profit is affected by an amount that is nearly as high. For this reason, a longer perspective than a few quarters should be taken.
order intake and order backlog
In the first quarter of 2022, order intake rose 87.8 percent year-on-year to SEK 272.5 M (145.1). License order intake increased 68.5 percent to SEK 131.4 M (78.0) while order intake for support increased 128.8 percent to SEK 111.2 M (48.6).
At March 31, 2022, the total order backlog was SEK 1,488.7 M (1,207.1), which is expected to generate revenue of approximately SEK 422 M over the next 12 months. The remaining amount in the order backlog mainly pertains to support obligations, which are primarily expected to generate revenue over a subsequent four-year period.
Revenue
In the first quarter of 2022, net sales rose 28.4 percent year-on-year to SEK 208.1 M (162.1). The change was attributable to higher license sales, which rose 35.2 percent to SEK 111.7 M (82.6). The increase in net sales at unchanged currencies was 15.9 percent (-14.2).
Support revenue rose 23.8 percent to SEK 76.6 M (61.9), accounting for 36.8 percent (38.2) of net sales during the first quarter. Hardware sales, which have a limited profit margin, rose 7.8 percent to SEK 16.6 M (15.4). Excluding hardware, sales rose 30.6 percent year-on-year.
In the first quarter of 2022, net sales had the following geographic distribution: North America, 39 percent (36); Asia, 29 percent (26); Europe and the rest of the world, 32 percent (38).
Operating profit
In the first quarter of 2022, operating profit totaled SEK 29.6 M (12.3), representing an operating margin of 14.2 percent (7.6). The earnings improvement was largely attributable to higher license revenue.
In the first quarter, operating expenses increased 19.2 percent to SEK 178.6 M (149.8). The change was largely due to increased administrative costs.
In the first quarter, the net of exchange gains and losses amounted to SEK 4.9 M (10.0) since a large proportion of the Group's receivables are denominated in USD and EUR, which strengthened against the SEK in the first quarter compared with the end of the fourth quarter. Adjusted for these currency translation effects, operating profit would have totaled SEK 24.7 M (2.3) in the first quarter and operating expenses would have increased 14.8 percent (-11.1).
Currency effects
Consolidated sales and earnings are impacted by USD/EUR to SEK exchange rates, since most sales are invoiced in USD and EUR, while most costs are denominated in SEK.
At unchanged exchange rates, the change in sales was 15.9 percent in the first quarter of 2022, compared with the year-earlier period. In addition, the Group's exchange gains on balance sheet items amounted to SEK 4.4 M (10.0) in the first quarter. Currency effects therefore had a positive impact on net sales and operating profit in the first quarter 2022.
A sensitivity analysis of the Group's currency exposure shows that a 1-percentage point change in the USD exchange rate against the SEK would have impacted consolidated operating profit by approximately +/- SEK 2.6 M in the first quarter of 2022, while a corresponding change in the EUR exchange rate would have impacted consolidated operating profit by approximately +/- SEK 1.4 M.
The Group follows the financial policy established by the Board, whereby exchange-rate fluctuations are not hedged.
Capitalization of development costs
RaySearch is a research and development-oriented company that makes significant investments in the development of software solutions for improved cancer treatment. At March 31, 2022, some 199 employees (210) were engaged in research and development, corresponding to 50 percent (51) of the total number of employees.
In 2022, RaySearch continued to invest in both existing products and future products. Overall, research and development costs decreased 1 percent to SEK 64.3 M (64.9) in the first quarter of 2022, corresponding to 31 percent (40) of the Group's net sales.
Development costs of SEK 52.4 M (51.5) were capitalized, up 1.7 percent, corresponding to 81 percent (79) of total research and development costs.
Amortization of capitalized development costs rose 14.7 percent to SEK 45.0 M (39.2), and the increase was attributable to an expansion of development activities, and that amortization periods had commenced for all products, including RayCommand and RayIntelligence.
Research and development costs (after adjustments for capitalization and amortization of development costs) rose 8.2 percent to SEK 57.0 M (52.6).
Amortization and depreciation
In the first quarter of 2022, total amortization and depreciation rose 19.8 percent to SEK 70.0 M (58.3), of which amortization of intangible fixed assets accounted for SEK 45.0 M (39.3), mainly related to capitalized development costs. Depreciation of tangible fixed assets amounted to SEK 25.0 M (19.1).
profit and earnings per share
In the first quarter of 2022, profit after tax was SEK 19.3 M (7.1), corresponding to earnings per share of SEK 0.56 (0.21) before and after dilution.
Tax expense for the quarter was SEK -6.9 M (-4.3), corresponding to an effective tax rate of 26.2 percent (37.5).
Cash flow and liquidity
In the first quarter of 2022, cash flow from operating activities was SEK 125.8 M (104.3) and the change was largely attributable to a decrease in working capital, which mainly comprises various types of receivables from customers, such as accounts receivable and current and long-term unbilled customer receivables where payment plans have been drawn up.
At the end of the period, the company's total customer receivables amounted to 46 percent (56) of net sales over the past 12 months.
Working capital amounted to 2 percent (5) of net sales over the past 12 months.
In the first quarter, cash flow from investing activities was SEK -60.6 M (-60.3). Investments in intangible fixed assets amounted to SEK -52.4 M (-51.5) and consisted of capitalized development costs for the company's products – RayStation, RayCare, RayCommand and RayIntelligence. Investments in tangible fixed assets amounted to SEK -8.2 M (-8.8), mainly related to investments in the head office in Stockholm.
Cash flow from financing activities was SEK -29.9 M (-11.2) for the first quarter of 2022. The change was largely due to a bank overdraft of SEK 21 M drawn in the first quarter.
Cash flow for the first quarter amounted to SEK 35.3 M (32.8). At March 31, 2022, consolidated cash and cash equivalents amounted to SEK 139.8 M (205.2).
Financial position
At March 31, 2022, RaySearch's total assets amounted to SEK 1,722 M (1,334) and the equity/assets ratio was 38.9 percent (52.7). The change in total assets and the equity/assets ratio was largely attributable to an increase in right-of-use assets related to rented premises following the granting of access to the new head office premises.
Current receivables amounted to SEK 376.7 M (414.3). The receivables mainly comprise various types of customer receivables.
RaySearch's credit facility comprises a revolving loan facility of up to SEK 150 M that matures in March 2025 and an overdraft facility of SEK 50 M the matures in December 2022. Chattel mortgages amounted to SEK 100 M. At March 31, 2022, a short-term loan of SEK 0 M (50) was raised under the company's revolving loan facility and SEK 0 M (0) of the credit facility had been drawn.
At March 31, 2022, the Group's net debt amounted to SEK 397.0 M (-66.0). The change was largely due to an increase in lease liabilities following the granting of access to the new head office premises during the fourth quarter.
EMPLOYEES
At the end of the first quarter, the Group had 389 (413) employees, of whom 284 (310) were based in Sweden, and 105 (102) in foreign subsidiaries.
PARENT COMPANY
RaySearch Laboratories AB (publ) is the Parent Company of the RaySearch Group. Since the Parent Company's operations are consistent with the Group's operations in all material respects, the comments for the Group are also largely relevant for the Parent Company.
Differences in profitability between the Parent Company and the Group are attributable to the Parent Company accounting for a relatively high proportion of operating expenses, and to the capitalization of development costs being recognized in the Group but not in the Parent Company. The Parent Company was also not affected by the changes pertaining to lease recognition under IFRS 16, and instead continues to recognize lease payments as operating lease payments. This reduces operating profit compared with if IFRS 16 had been applied.
The Parent Company's current receivables mainly comprise receivables from Group companies and external customers.
SIGNIFICANT EVENTS DURING THE FIRST QUARTER
Agreement signed with Proton International Arkansas
In January, RaySearch signed an agreement with Proton International Arkansas to provide RayStation at the UAMS Radiation Oncology Center. The center will open in 2023 and be the first proton center in the state of Arkansas. The center at UAMS brings RaySearch's presence in proton therapy to thirty centers in the United States, a large majority of operating facilities.
Agreement with Charles-Le Moyne in Canada
In February, Montérégie Integrated Cancer Center (CICM), which is part of the Charles-Le Moyne hospital in Longueuil in Quebec in Canada, placed an order for additional RayStation licenses as well as upgrades to the system which includes advanced treatment planning functionality.
SIGNIFICANT events AFTER THE END OF THE REPORTING PERIOD
Agreement with Hong Kong Sanatorium & Hospital
In April, Hong Kong Sanatorium & Hospital placed an order for RayStation as treatment planning system for its proton therapy center. The hospital thereby became RaySearch's first customer in Hong Kong within the proton therapy segment.
Agreement with Seoul National University Hospital
In April, Seoul National University Hospital (SNUH) placed an order for RayStation. SNUH is the second carbon ion center in Korea to select RaySearch, the first customer was Yonsei Cancer Center in Seoul.
Agreement with Mevion China
In April, Mevion China placed an order for RayStation, which it sold together with Mevion's proton therapy system to Tongji Hospital in Wuhan in China. RaySearch and Mevion have been collaborating since 2014. Treatment planning for particle treatments (protons/carbon ions/BNCT) is an important focus area for RaySearch and today RayStation has a global market share of more than 60 percent, a position that is further strengthened by the new order.
Agreement with GE Healthcare
In May, RaySearch entered into an agreement with GE Healthcare to develop a new radiation therapy simulation and treatment planning workflow solution designed to make use of the latest advancements in treatment planning technology. The companies aim to combine RaySearch's advanced treatment planning system RayStation with GE Healthcare's leading multi-modality (CT/MR/molecular imaging) simulator systems to make cancer treatment faster and more precise.
In May, RayCare was taken into clinical use with Accuray's CyberKnife treatment delivery system at La Clinique Générale-Beaulieu, a part of Swiss Medical Network in Switzerland. The center became first in the world to treat a patient using RayCare and CyberKnife.
Management change
Torbjörn Wingårdh stepped down as CFO of RaySearch on April 4, 2022.
Effects of the COVID-19 pandemic
Even though the pandemic is over in most countries, the effects of it remain a challenge for many operations. RaySearch is monitoring the situation closely and is prepared to take new action and align the company's operations if needed.
Effects on RaySearch's operations in the first quarter of 2022
Sales. The negative effect of the pandemic on RaySearch's sales appears to be weakening as the pandemic subsides. In Asia, market conditions normalized and conditions improved in Europe and the US during the quarter.
Delivery capacity. As a software company, RaySearch is well equipped for remote collaboration and both our R&D and delivery capacity have remained relatively unscathed by the COVID-19 pandemic to date.
In the first quarter, COVID-19 did not have any major impact on the company's assessment items.
Expected future effects
It is still difficult to say how the ongoing pandemic will affect the coming quarters with any great certainty. The situation has normalized in most countries, though a few countries have registered rising case numbers.
The company believes the underlying need and demand for effective software solutions for cancer care is in the process of returning to pre-pandemic levels. Since sales activities have been restricted for some time, however, it may take time before the full sales effect is regained. We see no major challenges in terms of R&D or the company's delivery capacity. The company will continue to focus on protecting the company's cash flow and liquidity.
Increased focus on efficiencies and digitization. One effect of the COVID-19 pandemic could be a further acceleration of the ongoing digital transformation. The pandemic has drastically highlighted the major potential and benefits of digital technology, which could be positive for RaySearch's operations in the long term because the company's software solutions enable cancer clinics to improve their efficiency.
The company's share
At March 31, 2022, the total number of registered shares in RaySearch was 34,282,773, of which 8,454,975 were Class A and 25,827,798 Class B shares. The quotient value is SEK 0.50 and the company's share capital amounts to SEK 17,141,386.50. Holders of Class A shares are entitled to 10 votes per share, and holders of Class B shares are entitled to one vote per share, at General Meetings. At March 31, 2022, the total number of votes in RaySearch was 110,377,548.
share ownership
At March 31, 2022, the number of shareholders in RaySearch was 6,767, according to Euroclear, and the largest shareholders were as follows:
Other information
2022 Annual General Meeting
The Annual General Meeting (AGM) of RaySearch Laboratories AB (publ) will take place on Wednesday, May 25, 2022 and be held by postal vote only. This means the Meeting will take place without the physical presence of shareholders, agents or outsiders. The exercise of voting rights by shareholders at the Meeting can therefore only take place by shareholders submitting a postal vote using the procedure stipulated in the Notice of the Annual General Meeting, which was published on April 22, 2022 and is available on RaySearch's website.
Proposed dividend
Since the company is in the midst of an expansive and capital-intensive phase, the Board of RaySearch proposes that no dividend be paid for the 2022 fiscal year.
risks and uncertainties
As a global Group with operations in different parts of the world, RaySearch is exposed to various risks and uncertainties, such as market risk, operational and legal risk, as well as financial risk pertaining to exchange-rate fluctuations, interest rates, liquidity and financing opportunities. RaySearch's risk management aims to identify, measure and reduce risks related to the Group's transactions and operations. For more information about risks and risk management, refer to pages 39-41 of RaySearch's 2021 Annual Report. There have been no significant changes with any impact on the risks reported. This also applies to the risks and uncertainties arising from the COVID-19 pandemic that could affect RaySearch's sales, earnings and financial position.
Seasonal variations
RaySearch's customers are healthcare providers and the company's operations are somewhat characterized by seasonal variations that are typical for the industry, whereby the fourth quarter is normally the strongest – mainly because many customers have budgets that follow the calendar year.
Environment and sustainability
Sustainability is a key aspect of RaySearch's strategy and operations, and the company is working actively to become a sustainable enterprise. The primary aim of RaySearch's operations is to help cancer clinics improve and save the lives of cancer patients. Through innovative software solutions, the company is continuously striving to improve and streamline workflows in clinical environments and to improve treatment outcomes for cancer patients. The customer value created presents business opportunities for RaySearch, but also major social benefit and economic gains.
The negative environmental impact of the company's products is limited. The company's environmental impact is mainly related to the purchase of goods and services, energy use and transportation. RaySearch aims to contribute to sustainable development and therefore works actively to improve the company's environmental performance wherever this is economically viable. More information about the company's environmental and sustainability initiatives is available in the company's Sustainability Report on pages 22-28 of RaySearch's 2021 Annual Report.
REVIEW
This interim report has not been reviewed by the company's auditors.
The Board of Directors and CEO give their assurance that this interim report gives a true and fair view of the Group's and the Parent Company's operations, position and earnings, and describes the significant risks and uncertainties facing the Parent Company and the companies included in the Group.
Stockholm, May 18, 2022
The Board of Directors of RaySearch Laboratories AB (publ)
FOR FURTHER INFORMATION, PLEASE CONTACT:
Johan Löf, CEO Tel: +46 (0)8 510 530 00 johan.lof@raysearchlabs.com
Björn Hårdemark Interim CFO Tel: +46 (0)70 95 642 17 bjorn.hardemark@raysearchlabs.com
The information contained in this interim report is such that RaySearch Laboratories AB (publ) is obliged to disclose under the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication, through the agency of the contact persons set out above, on May 18, 2022 at 07:45 am CEST.
WEBCAST
CEO Johan Löf and Interim CFO Björn Hårdemark will present RaySearch's interim report for January-March 2022 at a webcast to be held in English on Wednesday, May 18, 2022 at 10:00-10:30 a.m. CEST.
Link to webcast:
You can also join the webcast by phone:
Sweden +46 8 505 583 51
UK: +44 333 300 92 67
US: +1 646 722 49 56
financial calendar
consolidated STATEMENT OF COMPREHENSIVE INCOME IN SUMMARY
1 Comprises costs for hardware and license costs paid, but not amortization of capitalized development costs, which is included in research and development costs.
2 Fully (100 percent) attributable to Parent Company shareholders.
Consolidated statement of changes in equity in summary
Consolidated STATEMENT OF FINANCIAL POSITION IN SUMMARY
CONSOLIDATED STATEMENT OF CASH FLOW IN SUMMARY
1 These amounts mainly include amortization of capitalized development costs, right-of-use assets and unrealized currency effects.
PARENT COMPANY INCOME STATEMENT IN SUMMARY
1 Comprises costs for hardware and royalties but not amortization of capitalized development costs, which is included in research and development costs.
PARENT COMPANY STATEMENT OF COMPREHENSIVE INCOME
Parent Company BALANCE SHEET IN SUMMARY
1 The reclassification of comparative figures is based on other current liabilities to accounts payable pertaining to intra-Group accounts payable of SEK 11.1 M.
NOTES, GROUP
Note 1 Accounting policies
The RaySearch Group applies International Financial Reporting Standards (IFRS) as adopted by the EU. The accounting policies applied are consistent with those described in the 2021 Annual Report for RaySearch Laboratories AB (publ), which is available at www.raysearchlabs.com This interim report has been prepared in accordance with IAS 34 Interim Financial Reporting and the Swedish Annual Accounts Act.
RaySearch Laboratories AB (publ) is the Parent Company of the RaySearch Group. The Parent Company applies the Swedish Annual Accounts Act and RFR 2 Accounting for Legal Entities. The Parent Company's operations are consistent with the Group's operations in all material respects.
Differences in profitability between the Parent Company and the Group are attributable to the Parent Company accounting for a relatively high proportion of operating expenses, and to the capitalization of development costs being recognized in the Group but not in the Parent Company. The Parent Company was also not affected by IFRS 16, and will continue to recognize lease payments on a straight-line basis over the lease term. This reduces operating profit compared with if IFRS 16 had been applied.
The Parent Company's current receivables mainly comprise receivables from Group companies and external customers.
Note 2 Revenue from contracts with customers
RaySearch conducts sales of goods and services in various regions. Revenue from sales of licenses and hardware is recognized in profit or loss at a point in time, while revenue from sales of training and support is recognized over time.
NOTE 3 Estimates
Preparation of the interim report requires that company management make estimates that affect the carrying amounts. The actual outcome could deviate from these estimates. The critical sources of uncertainty in the estimates are the same as those in the most recent Annual Report.
Note 4 FINANCIAL INSTRUMENTS
RaySearch's financial assets and liabilities comprise billed and unbilled receivables, cash and cash equivalents, accrued expenses, accounts payable, bank loans and lease liabilities. Long-term receivables and lease liabilities are discounted, while other financial assets and liabilities have short maturities. Accordingly, the fair values of all financial instruments are deemed to correspond approximately to their carrying amounts.
The provision for expected credit losses is a weighted assessment of payment history, reports from external credit rating agencies and other customer-specific information. At the end of March 2022, the credit loss provision amounted to SEK 40.0 M (26.7), corresponding to 12 percent (8) of total customer receivables. The increased credit loss provision despite lower total receivables was mainly related to a customer in the US. The Group's credit losses have historically been limited and amounted to about 0.7 percent of the company's average customer receivables over the past five years.
Note 5 Related-party transactions
There were no transactions between RaySearch and related parties with any material impact on the company's position and earnings during the period.
Note 6 Pledged assets in the Group and Parent Company
The year-on-year increase was largely attributable to bank guarantees issued for the new office premises.
group quarterly overview
Group, rolling 12 months
definitions of key ratios
The interim report refers to a number of non-IFRS financial measures that are used to provide investors and company management with additional information to assess the company's operations. The various non-IFRS measures used to complement the IFRS financial statements are described below.
Calculation of financial measures not included in the IFRS framework
Head office
RaySearch Laboratories AB (publ)
Box 45169
SE-104 30 Stockholm, Sweden
Street address
Eugeniavägen 18 C
SE-113 68 Stockholm, Sweden
Tel: +46 (0)8 510 530 00
Corp. Reg. No. 556322-6157
ABOUT RAYSEARCH
RaySearch Laboratories AB (publ) is a medical technology company that develops innovative software solutions for improved cancer treatment. The company develops and markets the RayStation treatment planning system and RayCare oncology information system to cancer centers all over the world and distributes the products through licensing agreements with leading medical technology companies. In December 2020, the RayCommand treatment control system and RayIntelligence oncology analytics system were also launched. RaySearch's software is currently used by over 800 clinics in more than 40 countries. The company was founded in 2000 as a spin-off from the Karolinska Institute in Stockholm and the share has been listed on Nasdaq Stockholm since 2003. More information about RaySearch is available at raysearchlabs.com.
vision and mission
The company's vision is a world where cancer is conquered and RaySearch's mission is to provide innovative software to continuously improve cancer treatment.
STRATEGY
A radiation therapy center essentially needs two software platforms for its operations: a treatment planning system, and an information system. With RayStation and RayCare, RaySearch will strengthen its position and continue to grow with high profitability. The company's strategy is based on a strong focus on innovative software development with leading functionality, support for efficient workflows – including via digitization and automation with machine learning – broad support for a wide range of treatment modes and radiation therapy devices, close collaboration with world-leading cancer centers and industrial partners, and extensive investment in research and development.
BUSINESS MODEL
RaySearch's main revenue is generated by customers paying an initial license fee for the right to use RaySearch's software and an annually recurring service fee for access to updates and support. All software systems are developed at RaySearch's head office in Stockholm, and distributed and supported by the company's global marketing organization.
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BERLIN (AP) — Temperatures on Earth will shoot past a key danger point unless greenhouse gas emissions fall faster than countries have committed, the world’s top body of climate scientists said Monday, warning of the consequences of inaction but also noting hopeful signs of progress.
U.N. Secretary-General Antonio Guterres said the report by the Intergovernmental Panel on Climate Change revealed “a litany of broken climate promises” by governments and corporations, accusing them of stoking global warming by clinging to harmful fossil fuels.
“It is a file of shame, cataloguing the empty pledges that put us firmly on track toward an unlivable world,” he said.
Governments agreed in the 2015 Paris accord to keep global warming well below 2 degrees Celsius (3.6 Fahrenheit) this century, ideally no more than 1.5 degrees Celsius (2.7 Fahrenheit). Yet temperatures have already increased by over 1.1C (2F) since pre-industrial times, resulting in measurable increases in disasters such flash floods, extreme heat, more intense hurricanes and longer-burning wildfires, putting human lives in danger and costing governments hundreds of billions of dollars to confront.
“Projected global emissions from (national pledges) place limiting global warming to 1.5C beyond reach and make it harder after 2030 to limit warming to 2C,” the panel said.
In other words, the report’s co-chair, James Skea of Imperial College London, told The Associated Press: “If we continue acting as we are now, we’re not even going to limit warming to 2 degrees, never mind 1.5 degrees.”
Ongoing investments in fossil fuel infrastructure and clearing large swaths of forest for agriculture undermine the massive curbs in emissions needed to meet the Paris goal, the report found.
Emissions in 2019 were about 12% higher than they were in 2010 and 54% higher than in 1990, said Skea.
The rate of growth has slowed from 2.1% per year in the early part of this century to 1.3% per year between 2010 and 2019, the report’s authors said. But they voiced “high confidence” that unless countries step up their efforts to cut greenhouse gas emissions, the planet will on average be 2.4C to 3.5C (4.3 to 6.3F) warmer by the end of the century — a level experts say is sure to cause severe impacts for much of the world’s population.
“Limiting warming to 1.5C requires global greenhouse gas emissions to peak before 2025 at the latest and be reduced by 43% by 2030,” he said.
Such cuts would be hard to achieve without without drastic, economy-wide measures, the panel acknowledged. It’s more likely that the world will pass 1.5C and efforts will then need to be made to bring temperatures back down again, including by removing vast amounts of carbon dioxide — the main greenhouse gas — from the atmosphere.
Many experts say this is unfeasible with current technologies, and even if it could be done it would be far costlier than preventing the emissions in the first place.
The report, numbering thousands of pages, doesn’t single out individual countries for blame. But the figures show much of the carbon dioxide already in the atmosphere was released by rich countries that were the first to burn coal, oil and gas beginning with the industrial revolution.
The U.N. panel said 40% of emissions since then came from Europe and North America. Just over 12% can be attributed to East Asia, which includes China. But China took over the position as world’s top emissions polluter from the United States in the mid-2000s.
Many countries and companies have used recent climate meetings to paint rosy pictures of their emissions-cutting efforts, while continuing to invest in fossil fuels and other polluting activities, Guterres charged.
“Some government and business leaders are saying one thing but doing another,” he said. “Simply put, they are lying. And the results will be catastrophic.”
The report isn’t without some hope, however.
Its authors highlight myriad ways in which the world can be brought back on track to 2C or even, with great effort, return to 1.5C after that threshold has been passed. This could require measures such as the removal of CO2 from the atmosphere with natural or artificial means, but also potentially risky technologies such as pumping aerosols into the sky to reflect sunlight.
Among the solutions recommended are a rapid shift away from fossil fuels toward renewable energy such as increasingly cheap solar and wind power, the electrification of transport, less meat consumption, more efficient use of resources and massive financial support for poor countries unable to pay for such measures without help.
The situation is as if humanity has “gone to the doctor in a very unhealthy condition,” and the doctor is saying “you need to change, it’s a radical change. If you don’t you’re in trouble,” said report co-author Pete Smith, a professor of soils and global change at the University Aberdeen.
“It’s not like a diet,” Smith said. “It is a fundamental lifestyle change. It’s changing what you eat, how much you eat and get on a more active lifestyle.”
One move often described as “low-hanging fruit” by scientists is to plug methane leaks from mines, wells and landfills that release the potent but short-lived greenhouse gas into the atmosphere. A pact forged between the United States and China at last year’s U.N. climate conference in Glasgow aims to do just that.
“The big message we’ve got (is that) human activities got us into this problem and human agency can actually get us out of it again,” said Skea, the panel’s co-chair.
The panel’s reports have become increasingly blunt since the first one was published in 1990, and the latest may be the last before the planet passes 1.5C of warming, Skea told the AP.
Last August, it said climate change caused by humans was “an established fact” and warned that some effects of global warming are already inevitable. In late February, the panel published a report that outlined how further temperature increases will multiply the risk of floods, storms, drought and heat waves worldwide.
Still, the British government’s former chief science adviser David King, who wasn’t involved in writing the report, said there are too optimistic assumptions about how much CO2 the world can afford to emit.
“We don’t actually have a remaining carbon budget to burn,” said King, who now chairs the Climate Crisis Advisory Group.
“It’s just the reverse. We’ve already done too much in the way of putting greenhouse gases up there,” he said, arguing that the IPCC’s calculation omits new risks and potentially self-reinforcing effects already happening, such as the increased absorption of heat into the oceans from sea ice loss and the release of methane as permafrost melts.
Such warnings were echoed by U.N. chief Guterres, citing scientists’ warnings that the planet is moving “perilously close to tipping points that could lead to cascading and irreversible climate impacts.”
“But high-emitting governments and corporations are not just turning a blind eye; they are adding fuel to the flames,” he said, calling for an end to further coal, oil and gas extraction. “Investing in new fossil fuels infrastructure is moral and economic madness.”
Vulnerable nations said the report showed big polluters have to step up their efforts before the next U.N. climate summit in Egypt this fall.
“We are looking to the G-20, to the world’s biggest emitters, to set ambitious targets ahead of COP27, and to reach those targets – by investing in renewables, cutting out coal and fossil fuel subsidies,” said Tina Stege, climate envoy for the Marshall Islands. “It’s long past time to deliver on promises made.”
___
Borenstein reported from Washington.
___
Follow AP’s climate coverage at https://apnews.com/hub/climate
___
Associated Press climate and environmental coverage receives support from several private foundations. See more about AP’s climate initiative here. The AP is solely responsible for all content. | https://cw33.com/news/science-technology/ap-science/un-warns-earth-firmly-on-track-toward-an-unlivable-world/ | 2022-04-05T13:44:39Z |
GENEVA, June 10, 2022 /PRNewswire/ -- Ekinops (EuronextParis: EKI) (ISIN: FR0011466069), a leading network access and virtualization specialist, today announced the launch of the Nuvla.io App Vendor Programme built by its subsidiary, SixSq, to accelerate the delivery and monetization of edge computing applications.
SixSq's Nuvla.io is a proven B2B digital platform for industrialization and automation of containerized edge applications and device management.
Delivering simplified go-to-market for App Vendors
"Using the Nuvla.io Marketplace and App Vendor Programme we can springboard customers into adopting and deploying meaningful edge computing with minimum risk and a positive ROI," said Marc-Elian Bégin, SixSq CEO and Co-founder. "Both vendors and customers benefit from unprecedented agility, flexibility and scalability, with minimum complexity and without compromise on security."
The App Vendor Programme gives app vendors and customers tools to interact in a seamless way, including clear pricing and contractual terms. It also provides hassle-free monetization of business applications for telcos, service providers and system integrators.
App vendors can now more quickly reach their customers and at the same time benefit from a simple mechanism to deliver regular software updates. Customers can purchase their apps in a secure manner, at scale, using Nuvla.io.
Serving all sectors with Edge Apps for Business
The App Vendor Programme launches with selected innovative leaders in their fields. The first vendors bring turnkey apps in the following sectors:
- Logistics and railway
- Manufacturing and machine monitoring
- Next generation GDPR compliant people and crowd tracking solution
- Cyberattack detection driven from AI analysis
- Smart city audio based real-time analysis using AI
App vendors wishing to join the App Vendor Programme are invited to get in touch with the SixSq team. Specific press announcements will be made shortly regarding the first app vendors to join the programme.
Details can be found here: https://nuvla.io/marketplace.
All press releases are published after the close of trading on Euronext Paris.
Photo - https://mma.prnewswire.com/media/1837107/Ekinops_SixSq.jpg
Logo - https://mma.prnewswire.com/media/814911/Ekinops_Logo.jpg
EKINOPS contact:
Didier Brédy
Chairman and CEO
contact@ekinops.com
Investors:
Mathieu Omnes
Investor relation
+33 (0)1 53 67 36 92
momnes@actus.fr
Press:
Amaury Dugast
Press relation
+33 (0)1 53 67 36 74
adugast@actus.fr
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SOURCE Ekinops | https://www.mysuncoast.com/prnewswire/2022/06/10/ekinops-entity-sixsq-announces-app-vendor-programme/ | 2022-06-10T11:32:30Z |
- Vertically integrated food tech brand 'Neat Food Co.' brings its award-winning alternative proteins to the US with the goal of making plant-based eating more appealing and accessible to the masses
- New senior hires include Jeff Fried (ex-Chairman of Sweetgreen Inc) and Henrik Fjorbak (ex-COO of Joe & The Juice) on the Advisory Board, with Vincent Herbert (ex-CEO of Le Pain Quotidien) joining as US CEO
- Group plans to launch new alternative-protein range into multiple retailers, bringing their superior tasting product to nationwide US grocery outlets
NEW YORK, April 20, 2022 /PRNewswire/ -- Neat Food Co. ("NEAT") – one of the world's fastest growing alternative-protein food groups backed by Formula 1 Champion Lewis Hamilton, a key investor who helped found the company in 2019 – announces multiple senior hires as it builds critical mass in key roles as part of its international expansion plans, starting in the key US market.
- Neat Food Co. has bolstered its Advisory Board with two new appointments: Jeffrey S. Fried, former Chairman of Sweetgreen, who has a wealth of experience nurturing high growth companies; and Henrik Fjordbak, former COO at Joe & The Juice, who is an expert in equity funds, specializing in F&B and lifestyle companies
- At the helm of NEAT's expansion into the US market is newly appointed Vincent Herbert, the former CEO of Le Pain Quotidien, who joins the brand as Chief Executive of Neat Burger USA and will oversee all aspects of the group's rapid site expansion strategy in the US including the development of products at Neat Burger's innovation centre in New York and CPG distribution into the retail arena
- The group is expanding its food technology division with the establishment of new innovation centres, and implementation of its' cutting edge texturized protein innovation
- NEAT plans to roll out its award-winning burger patty and a range of other proprietary products – including new and improved versions of its plant-based chicken patty, hot dog, nuggets and shakes – by the end of the year
- Neat Food Co plans to expand to 1,000 corporately owned, franchise and dark kitchens by 2030
NEAT's expansion will begin in the US covering a nationwide roll-out, as well as the introduction of its award-winning proprietary alternative-protein products into the CPG retail market. The first Neat Burger pop-up in mid-town New York opens this month, with its flagship location opening in Manhattan in Fall 2022. The roll-out will then span major hubs across the US in a bid to fulfill its vision to make sustainable food products an everyday staple as increasing numbers of conscious consumers look to reduce their meat intake and adopt a flexitarian lifestyle.
Zack Bishti, Co-Founder and CEO of Neat Burger, said: "We are on a mission to fundamentally change how the world consumes protein and are excited to announce these new appointments whose expertise will make a real impact. With Jeff and Henrik's success in nurturing industry-leading brands, and Vincent's prowess in delivering global expansion, we have a powerhouse team primed for explosive entry into new markets; to shift consumer behaviour and be a force for good."
Tommaso Chiabra, Co-Founder and Chairman of Neat Food Co, said: "By 2040 we see a world where alternative proteins have replaced animal proteins completely. NEAT is leading the charge in the development of these alternatives that not only satisfy the needs of conscious consumers, but that also deliver on flavour. We're here to prove that the easiest choice can also be the best choice for the planet."
Neat Burger's vision is to make alternative-proteins an everyday staple as increasing numbers of consumers look to adopt a vegan and flexitarian lifestyle. Growth in the sector outpaced all other food categories in the coronavirus pandemic, with the overall plant-based food market set to top $74 billion by 2027.
Neat Burger is focused on harnessing the latest food technology techniques and ingredients to develop what is in effect the 3.0 version of alternative-proteins. Neat Burger is taking earlier iterations of vegan products and is focused on delivering a new and significantly improved taste, texture and flavor profile underpinned by the use of wholesome, sustainable ingredients, such as its super-food patty grain mix of quinoa, chickpea and mung beans.
All of Neat Burger's alternative-proteins are suitable for vegans and are allergen and GMO-free. The group is focused on providing healthy products and avoiding ultra-processed ingredients. It does not add refined sugar, its emulsifiers are all plant based and it avoids using leghemoglobin, glucose syrup or sweeteners. Its signature patty has a lower fat content than other plant-based and meat equivalents and its proprietary manufacturing process gives remarkably life-like consistency and texture to its products.
Neat Burger's pioneering approach ensures its products appeal to plant-based consumers and the growing flexitarian market by delivering a taste profile that appeals to all.
About Neat Burger
Established in 2019, Neat is one of the world's fastest growing alternative-protein food group. In October 2021, Neat completed a $7m funding round led by SoftBank's Rajeev Misra.
Neat has rapidly gained a reputation for its pioneering approach ensuring it products appeal to flexitarian and plant-based consumers alike. With a focus on high quality, fresh ingredients with no compromise on taste, Neat is all about accessibility and providing people with an alternative in a fun and engaging environment. Neat's purpose is to offer ethical, sustainable and delicious plant-based food served with passion and style.
Neat Burger has achieved not only a loyal fanbase but industry recognition too, having won for a second year running the UK's Best Vegan Restaurant of the Year at the Deliveroo Restaurant Awards and it was nominated for the 2021 GQ Food & Drink Sustainability Award. Most recently, the brand was awarded PETA's inaugural Company of the Year Award for its game changing approach to a plant-based diet, encouraging people to eat delicious, protein-packed plant-based meals.
As part of its mission to save the planet, one bite at a time, Neat Burger is working with Eden Projects on its large scale reforestation initiatives. In 2021 Neat Burger funded the planting of over one million trees in Madagascar and it is now planting 50,000 mangrove trees in recognition of the brand reaching the same number of Instagram followers. The mangroves are being planted in Haiti, Indonesia, Kenya and Nepal.
Website: www.neat-burger.com
Instagram: @neat.burger
Facebook: @neat.burger
Deliveroo: Neat Burger
Twitter: @NeatBurger_
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SOURCE Neat Food Co. | https://www.wibw.com/prnewswire/2022/04/20/lewis-hamilton-backed-neat-food-co-expands-with-new-senior-hires-taking-alternative-protein-products-into-us-market/ | 2022-04-20T18:19:26Z |
MISSION, Texas, Aug. 12, 2022 /PRNewswire/ -- Rio South Texas, located at the heart of the North American supply chain, has always been hailed for its multimodality. Major U.S-Mexico border crossings, international airports, deep-water seaports, and interstate highways have made the region the ultimate intermodal trade hub for businesses with North American operations. In addition, the region's connection to the North American Class 1 Rail Network is responsible for the export and import of hundreds of millions of products annually. This North American railway access, in combination with the opportunities provided by the United States-Mexico-Canada Agreement (USMCA), further optimizes the logistical advantages that Rio South Texas offers manufacturers and logistics providers located in the region.
Rio South Texas offers a robust international Class 1 railway infrastructure with US services through Union Pacific Railroad and BNSF Railway Co., Mexico service via Kansas City Southern de Mexico, and local short line services via Brownsville & Rio Grande International Railroad (BRG), Border Pacific Railroad, as well as Rio Valley Switching. Thousands of carloads are reported via the BRG annually (more than 40,000 in 2019). Furthermore, the pending merger between Canadian Pacific and Kansas City Southern will take Rio South Texas' railway logistics to the next level by providing streamlined services across the US, Mexico, and Canada, meaning trade volumes will likely continue to grow with Canadian Pacific's and Kansas City Southern's commitment to our region.
Freight rail also serves as the major connector to the rest of the logistics options in the region. Short-line rail services connect to local seaports, facilitating waterborne transport via the Gulf Intracoastal Waterway (which itself channels more than 500 million tons of cargo) and the global seas via the Gulf of Mexico. The Rio South Texas region's railways also offer intermodal connections to interstate highway transport as well as air cargo, connecting the region to the world, with Rio South Texas' Valley International Airport ranking in the top 80 U.S. for air cargo.
If you are shipping globally, into the United States or out of it, or if you are looking to manufacture products in North America for North America, take a look at what Rio South Texas has to offer. Our team at COSTEP would be glad to assist you, so please visit us at www.costep.org or connect with us at @COSTEP to learn more.
Contact: Matt Ruszczak, +1.956.682.6371, info@costep.org
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SOURCE Council for South Texas Economic Progress | https://www.wibw.com/prnewswire/2022/08/12/rio-south-texas-nexus-north-american-freight-railways-reports-costep/ | 2022-08-12T12:52:10Z |
TORONTO, May 17, 2022 /PRNewswire/ - The Green Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (CSE: TGOD) (OTC: TGODF), a sustainable global cannabis company is pleased to announce it has closed an agreement of purchase and sale, of its leasehold improvements at the Puslinch facility (the "Transaction") with the landlord (the "Landlord") for $3 million (the "Consideration"). $2 million of the Consideration will be paid to the Company in cash, and $1 million of the Consideration will settle previous loans advanced to the Company by the Landlord, including all accrued interest and transaction costs thereon. In connection with the Transaction, the Company has also agreed to an increase in rent of $25,000 a month for the remainder of the lease term on the Puslinch facility of approximately 19 years.
"TGOD is poised for substantial growth in 2022. We enjoy a great productive relationship with our Landlord and this economically sensible Transaction provides us with immediate additional working capital to fund our continued growth as we continue to focus on execution, and financial discipline," said Sean Bovingdon, CEO of TGOD.
About The Green Organic Dutchman Holdings Ltd.
The Green Organic Dutchman Holdings Ltd. (CSE: TGOD) (US–OTC: TGODF) is a sustainable cannabis company with a focus on innovation, quality, consistency, integrity and transparency. The Company is committed to cultivating a better tomorrow by producing its products responsibly, with less waste and impact on the environment. In Canada, the Company serves the recreational market with a brand portfolio including The Green Organic Dutchman, Highly Dutch Organics, Ripple by TGOD and Cruuzy, and the medical markets in Canada, South Africa, Australia, and Germany. All cannabis utilized in products for The Green Organic Dutchman and Highly Dutch Organics brands is grown through a certified organic process, which includes living soil, filtered rainwater, sunlight, and natural inputs.
The Company's common shares and certain warrants issued under the indentures dated December 19, 2019, June 12, 2020, October 23, 2020, and December 10, 2020, trade on the CSE under the symbol "TGOD", "TGOD.WS", "TGOD.WR", "TGOD.WA", and "TGOD.WB" respectively. The Company's common shares trade in the U.S. on the OTCQX under the symbol "TGODF". For more information on The Green Organic Dutchman Holdings Ltd., please visit www.tgod.ca.
Cautionary Statements
This news release includes statements containing certain "forward–looking information" within the meaning of applicable securities law ("forward–looking statements"). Forward looking statements in this release include, but are not limited to, statements about future growth, and statements about available working capital. Forward–looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "should", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward–looking statements throughout this news release. Forward–looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties (including market conditions) and other factors that could cause actual events or results to differ materially from those projected in the forward–looking statements, including those risk factors described in the Company's most recent Annual Information Form filed with Canadian securities regulators and available on the Company's issuer profile on SEDAR at www.sedar.com. Although the Company believes that the assumptions and factors used in preparing the forward-looking information or forward-looking statements in this news release are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed time frames or at all. The forward-looking information and forward-looking statements included in this news release are made as of the date of this news release. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward–looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
Neither the CSE nor the CSE's Regulation Services Provider (as that term is defined in the policies of CSE) accept responsibility for the adequacy or accuracy of this release.
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SOURCE The Green Organic Dutchman Holdings Ltd. | https://www.kxii.com/prnewswire/2022/05/17/green-organic-dutchman-announces-raise-additional-working-capital-through-asset-sale/ | 2022-05-17T22:28:03Z |
NEW ORLEANS, La., Sept. 2, 2022 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 11, 2022 to file lead plaintiff applications in a securities class action lawsuit against LifeStance Health Group, Inc. (NasdaqGS: LFST), if they purchased or acquired the Company's Class A common stock pursuant and/or traceable to the Company's June 2021 initial public offering (the "IPO"). This action is pending in the United States District Court for the Southern District of New York.
What You May Do
If you purchased or acquired shares of LifeStance as above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-lfst/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by October 11, 2022.
LifeStance and certain of its executives are charged with failing to disclose material information in its IPO Registration Statement, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company's out-patient/virtual revenue growth was negatively affected by a decrease in virtual visits after COVID-19 lockdowns were lifted; (ii) an increasing number of in-person visits post-lockdown resulted in substantial increases to operating expenses; (iii) its physician retention rate had fallen significantly below the 87% highlighted in the IPO's registration statement leading to additional costs to bring on new physicians, who were less productive than the outgoing physicians they were replacing; and (iv) as a result, LifeStance Health's business metrics and financial prospects were not as strong as the IPO's registration statement represented.
The case is Nayani v. LifeStance Health Group, Inc., No. 22-cv-06833.
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, California, Louisiana and New Jersey.
To learn more about KSF, you may visit www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
1100 Poydras St., Suite 3200
New Orleans, LA 70163
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SOURCE Kahn Swick & Foti, LLC | https://www.mysuncoast.com/prnewswire/2022/09/03/lifestance-health-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-amp-foti-llc-reminds-investors-with-losses-excess-100000-lead-plaintiff-deadline-class-action-lawsuit-against-lifestance-health-group-inc-lfst/ | 2022-09-03T04:19:47Z |
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Oregon leaders warn of difficult wildfire season; urge prep
PORTLAND, Ore. (AP) — Oregon remains poised to see a potentially “challenging” wildfire season this summer, despite a wet and cool spring in much of western Oregon, one of the state’s top fire watchers said Monday.
The rain and snow have helped to push back a fire season that threatened to start as early as this month, according to Mike Shaw, fire chief with the Oregon Department of Forestry. But he noted much of the precipitation on the coast and in the Willamette Valley hasn’t made it over the Cascade Mountains to central, southern and eastern Oregon, The Oregonian/OregonLive reported.
Expanding drought conditions there have set the stage for fires to spread rapidly later this summer, Shaw said.
“This will likely translate to a very challenging fire season,” Shaw said at a news conference. “The fires that start in these regions will be very hard to suppress.”
Gov. Kate Brown said climate change has added complexity to the state’s wildfire response. She has declared drought in 15 counties, the earliest Oregon has seen that level of water scarcity in recent history.
The state is preparing with help from Senate Bill 762, which Brown signed into law last year. The bill provided for additional firefighting aircraft and money to hire more wildland firefighters.
Crews are expected to be strategically placed around the state.
The governor urged residents to sign up for emergency alerts through the state’s website, prepare a go-bag in case of evacuation orders and work to prevent fires.
“Most fires are human caused. Please be smart and be careful,” Brown said. | https://localnews8.com/news/ap-idaho/2022/05/16/oregon-leaders-warn-of-difficult-wildfire-season-urge-prep/ | 2022-05-17T01:49:43Z |
(The Hill) – Rep. Lauren Boebert (R-Colo.) and her husband announced on Thursday that their gun-themed restaurant, Shooters Grill, is closing.
The two said in a statement posted on Twitter that their landlord had decided not to renew their lease, and they claimed the move had “no political motivation” but was “purely a business decision.”
“There is a time and season for everything, and God has called us to focus our time and energy elsewhere. While Shooters Grill is closed, stay tuned. The Shooters brand isn’t going away. There are exciting things in the works,” reads the statement, attributed to both Jayson and Lauren Boebert.
“Many with a political agenda will try to spin this happy transition into something it’s not. Rest assured we will not allow them to steal our joy for all that this restaurant has meant for our family.”
Established in 2013 in Rifle, Colorado, the restaurant served mostly American fare, according to menus included on Shooters Grill’s Facebook page. Servers were allowed to carry their own firearms, with many carrying semi-automatics, according to Boebert, who spoke to the Post Independent.
Employees inquired if they could carry firearms after a man was erroneously thought to have been beaten to death in front of Shooters Grill, serving as the impetus for the restaurant’s theme, according to the news outlet. The man had actually died of a drug overdose.
Milken Enterprises, the landlord for Boebert’s restaurant, notified her last month about the decision not to have the lease renewed, according to the Post Independent. She and her husband are hoping to set up shop again on Third Street in Rifle.
Boebert, the U.S. Representative for Colorado’s 3rd Congressional District, was sworn in Jan. 3, 2021. Gaining a reputation as a far-right conservative, Boebert has drawn criticism for her views on COVID-19 mitigation efforts, guns, her opposition to the separation of church and state, and for referring to fellow Rep. Ilhan Omar (D-Minn.) as a member of “the Jihad squad” during a speech on the House floor in Nov. 2021. | https://cw33.com/news/lauren-boeberts-gun-themed-restaurant-closes-after-landlord-decides-not-to-renew-lease/ | 2022-07-15T21:15:55Z |
SAN FRANCISCO, June 1, 2022 /PRNewswire/ -- Heartex, the company behind the leading open source data labeling platform Label Studio, today announced it has successfully completed a SOC2, Type 1 examination for its flagship Label Studio Enterprise platform. The audit conducted by Prescient Assurance found that Heartex's information security practices, policies, procedures, and operations meet the SOC 2 standards for security, availability, and confidentiality as developed by the American Institute of Certified Public Accountants (AICPA).
SOC 2 reports are attestation reports that examine controls at a service organization relevant to the security, availability, or processing integrity of a system (security, availability, and/or processing integrity principles) or the confidentiality or privacy of the information processed for the user entities (confidentiality or privacy principles). SOC 2 reports demonstrate a company's ability to not only implement critical security policies but also prove compliance over an extended period of time.
"The Heartex team is committed to continually investing in operational and security best practices that ensure Label Studio Enterprise customer data is safe," said Michael Malyuk, Heartex CEO and Co-Founder. "Achieving the SOC2, Type 1 attestation is an important milestone in our company's ongoing commitment to meet the gold standard for software development processes, operational excellence and technical security controls."
In addition to operational best practices, Label Studio Enterprise offers advanced security capabilities, including:
- Customer data remains private on their systems. Label Studio only stores URLs to the data and fetches sample data for authenticated users in real-time.
- Support for SSO, LDAP & role-based access control. Enterprise customers can integrate Label Studio with their SSO provider of choice, as well as manage roles and access amongst their team.
- Detailed audit logs, analytics and reporting. Label Studio Enterprise customers can also keep track of and report on user activity in the system.
Heartex's SOC 2 report verifies the existence of internal controls which have been designed and implemented to meet the requirements for the security principles set forth in the Trust Services Principles and Criteria for Security. It provides a thorough review of how Heartex's internal controls affect the security, availability, and processing integrity of the systems it uses to process users' data, and the confidentiality and privacy of the information processed by these systems. This independent validation of security controls is crucial for customers in highly regulated industries.
For more information or to request a copy of the report about Heartex, please visit http://www.heartex.com.
About Heartex
Heartex is the company behind Label Studio, the most popular open source data labeling platform for Machine Learning & AI. Founded in 2019 by data scientists and engineers who faced common challenges with model accuracy due to poor quality training data, the team believed the only viable solution was to enable internal teams with domain expertise to annotate and curate training data. They created Label Studio with a focus on usability, flexibility and collaborative workflows that support internal data labeling operations at scale and increase the accuracy of ML/AI models.
Today, Label Studio has been used by more than 100,000 people around the world to label 20M+ pieces of data, including production ML/AI initiatives for enterprises like Bombora, Geberit, Outreach, Trivago, Wyze, Zurich Insurance Group, and more. For more information, visit www.heartex.com.
Media Contact
Kat Eller Murray
ROAM Communications for Heartex
415.684.8528
kat@roamcomms.com
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SOURCE Heartex | https://www.kxii.com/prnewswire/2022/06/01/heartex-successfully-completes-soc-2-type-1-attestation/ | 2022-06-01T15:25:03Z |
Jennings Selected to Highly-Respected 2022 "Power List" by North Carolina Lawyers Weekly*
DURHAM, N.C., June 16, 2022 /PRNewswire/ -- Barry Jennings, co-leader of the workers' compensation department at the Law Offices of James Scott Farrin, is a respected and accomplished lawyer in North Carolina, according to North Carolina Lawyers Weekly. Jennings was honored with selection to the 2022 "Power List" by the prestigious legal news publication.*
Attorneys chosen for the "Power List" must meet strict criteria relating to their experience, skill, and achievements. They must also receive referrals from other lawyers because of the respect their peers have for them.
Jennings has a long track record of awards and accomplishments. He is a North Carolina State Bar Board Certified Specialist in workers' compensation law. Since 2015, he has been selected to the Best Lawyers "Best Lawyers in America*" list for workers' compensation every year. In addition, Jennings holds an "AV Preeminent" rating from Martindale-Hubbell.*
"I'm pleased to be chosen for the 'Power List,'" said Jennings. "It means a lot that fellow attorneys would recommend me to their friends and family. But most importantly, it means that I'm having a positive impact on the lives of injured workers in North Carolina."
ABOUT THE LAW OFFICES OF JAMES SCOTT FARRIN
The Law Offices of James Scott Farrin is one of the largest personal injury firms in North Carolina and has helped over 55,000 injured people since 1997. Operating from 16 offices in NC and one in SC, many of the firm's 60+ accomplished attorneys are recognized professionals in their fields. The firm focuses on providing quality legal services to as many people as possible in the following practice areas: personal injury, car accidents, workers' compensation, nursing home abuse, whistleblowing, defective products, eminent domain, mass torts, class actions, and Social Security Disability.
Contact Information:
David Chamberlin
280 S. Mangum Street
Suite 400
Durham, NC 27701
866-900-7078
https://www.farrin.com/
Offices in Durham (main), Raleigh, Charlotte, Greensboro, NC and Greenville, SC. Attorney J. Gabe Talton: 280 South Mangum St., Suite 400, Durham, NC.
*For more information regarding standards of inclusion for the "Power List," visit https://nclawyersweekly.com/power-list%20/. For Best Lawyers in America standards of inclusion, visit bestlawyers.com. For "AV Preeminent" standards of inclusion, visit martindale.com.
Related link: https://www.farrin.com
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SOURCE Law Offices of James Scott Farrin | https://www.kxii.com/prnewswire/2022/06/16/james-scott-farrin-partner-barry-c-jennings-selected-power-list-workers-compensation/ | 2022-06-16T10:30:36Z |
WASHINGTON, (NEXSTAR) — Inflation remains high, but so is the Biden administration’s hopes that things will turn around.
Top White House economists say strong unemployment rates show the economy can bounce back.
Jared Bernstein, Chief Economist and Economic Policy Adviser to Vice President of the United States said despite surging inflation, Americans should remain confident the U.S. economy is strong.
“Families across the country are facing … unacceptably high levels of inflation. But they also have a strong labor market behind them,” Bernstein said.
He says the national unemployment rate is at pre-pandemic levels and in June, more than a dozen states reported their lowest unemployment rates ever.
“That trend is your friend right now if you’re a working American household,” Bernstein said.
But according to a recent survey by Bankrate.com, a consumer financial services company, economists are not as confident as the White House.
“There is a great confusion over what the state of the economy is because we have this pandemic-influenced dynamic,” said Mark Hamrick, a senior economic analyst at Bankrate.
He says while job numbers are “quite remarkable,” he fears one wrong move from the Federal Reserve, as it tries to control inflation, could send the economy over the edge.
“Broadly speaking, economists are concerned about the risk of a recession,” Hamrick said.
The White House said the strong state jobs report shows its economic policies are working. But the Republican National committee suggests the White House adopt Republican Economic Policies.
U.S. labor data shows 16 of the 20 states with the lowest unemployment rates have Republican governors. | https://cw33.com/news/washington-dc-bureau/inflation-white-house-hopeful-economists-worry/ | 2022-07-23T00:50:18Z |
NEW YORK, May 22, 2022 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Netflix, Inc. (NASDAQ: NFLX) between October 19, 2021 and April 19, 2022, inclusive (the "Class Period"), of the important July 5, 2022 lead plaintiff deadline.
SO WHAT: If you purchased Netflix securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Netflix class action, go to https://rosenlegal.com/submit-form/?case_id=5912 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 5, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) Netflix was exhibiting slower acquisition growth due to, among other things, account sharing by customers and increased competition from other streaming services; (2) Netflix was experiencing difficulties retaining customers; (3) as a result of the foregoing, Netflix was losing subscribers on a net basis; (4) as a result, Netflix's financial results were being adversely affected; and (5) as a result of the foregoing, defendants' positive statements about Netflix's business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Netflix class action, go to https://rosenlegal.com/submit-form/?case_id=5912 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com
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SOURCE Rosen Law Firm, P.A. | https://www.wibw.com/prnewswire/2022/05/22/rosen-leading-law-firm-encourages-netflix-inc-investors-with-losses-secure-counsel-before-important-deadline-securities-class-action-nflx/ | 2022-05-22T20:30:03Z |
Construction of a new Bell County Annex in Killeen is expected to move forward after a vote by the Commissioners Court on Monday.
The court approved an interlocal agreement with the city of Killeen in a 4-1 vote, with Commissioner Russell Schneider in opposition. The agreement would make way for a new annex in downtown Killeen at the site of the former First National Bank, 507 N. Gray St.
The agreement would give the county shovel ready land in downtown Killeen by the end of 2022 in exchange for the creation of a new, more than 30,000 square foot, building.
Creation of the new facility has a budget of $10 million and will need to be mostly completed by August 2024.
At their meeting, Commissioners heard from residents and community leaders both for and against the agreement.
Some of those who voiced opposition to the agreement said that the proposed location would be harder for residents to get to, amongst other issues.
Those in favor pointed to a centralization of government resources in downtown and the benefit it would bring to those in Killeen and on Fort Hood. | https://www.tdtnews.com/news/central_texas_news/article_cfeb1876-fc7f-11ec-a65e-d7aa4614d33b.html | 2022-07-05T18:10:51Z |
8-part series explores the inhibitors to growth and the opportunities for all
INDIANAPOLIS, Aug. 23, 2022 /PRNewswire/ -- AOTMP® announced its agenda for an eight-part article series to bring awareness to telecom expense management (TEM) industry growth opportunities and to offer a prescriptive action plan to affect positive change. $4+ trillion is being spent globally on telecom, mobility, and IT products, services, and solutions each year, yet growth in the telecom expense management (TEM) segment of the industry is stagnate and fraught with customer satisfaction conflict. Only a handful of TEM vendors have revenue over $50 million and growth is largely achieved through customer churn. Customers seek new levels of performance, yet they base success on a decades-old value proposition of cost savings dependent on recurring invoicing errors.
"Addressing the supply and demand sides of the industry, this article series challenges the status quo for the industry and charts a clear path forward with benefits for all," said Timothy C. Colwell, AOTMP® Executive Vice President
The series overview is available now with articles publishing through December as follows:
- Part 1 – The Industry (September 2022)
- Part 2 – Value Beyond Cost Savings (September 2022)
- Part 3 – The Buy and Sell Process (October 2022)
- Part 4 – The Dichotomy of Savings (October 2022)
- Part 5 – The Buyer and Seller Relationship (November 2022)
- Part 6 – Building a Center of Excellence (November 2022)
- Part 7 – Message to the Buyers (December 2022)
- Part 8 – Message to the Sellers (December 2022)
The series is supported by AOTMP® Industry Growth Partners committed to:
- Improving the buy-sell process
- Developing stronger vendor-customer partnerships
- Focusing on creating or realizing value beyond cost savings
- Partnering with their vendors or with their business customers to build a world-class telecom and mobility management environment
- Identifying buyer and seller improvement and growth opportunities for each other
Significant opportunity is right in front of us if the industry works together to affect change. It starts with one vendor and one buyer, then two vendors and two buyers, and builds from there.
AOTMP® is a global organization, empowering professionals in the dynamic $4+ trillion telecom, mobility, and IT management industry. AOTMP® delivers value through training, certifications, association memberships, events & programs, best practices, publications, resources, and professional development.
Learn more at www.aotmp.com
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SOURCE AOTMP | https://www.wibw.com/prnewswire/2022/08/23/aotmp-announces-telecom-expense-management-industry-must-change-article-series/ | 2022-08-23T16:41:30Z |
PITTSBURGH, June 20, 2022 /PRNewswire/ -- "I wanted a more appealing fly trap that would hide dead flies," said an inventor from Visalia, Calif. "so I invented the NICE TRAP. It catches flies while not affecting the appearance of the place its located."
The patent-pending invention provides an effective trap for flies without the unsightly material composition of conventional traps and tacky strips. The NICE TRAP hides trapped or dead flies and is easily mounted on any wall surface. It will be easy to use, safe and convenient and good for continued use.
The original design was submitted to the Fresno sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-FMB-114, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com.
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SOURCE InventHelp | https://www.mysuncoast.com/prnewswire/2022/06/20/inventhelp-inventor-develops-an-aesthetically-pleasing-fly-trap-fmb-114/ | 2022-06-20T20:15:44Z |
SPRINGFIELD, Mass. and TULSA, Okla., June 15, 2022 /PRNewswire/ -- WHI Global, LLC ("WHI"), an integrated manufacturer of metal and composite structures for the aerospace & defense industry, has been selected by Sikorsky, a Lockheed Martin company to produce the Cockpit Escape Hatches, Transition to Cabin Joining Kit and Transition to Tail Rotor Pylon Joining Kit for the CH-53K© Heavy Lift Helicopter. The contract is valued at over $60 million, and the assemblies will be produced at WHI's Springfield and Tulsa facilities.
WHI's relationship with Sikorsky dates back decades as a long-term supplier on the UH-60 Black Hawk Helicopter, among other commercial and military rotorcraft platforms. Al Altieri, Chief Executive Officer of WHI, commented "We are very excited and honored by the trust Sikorsky has placed in our relationship, and our ability to execute on this critical statement of work. We are honored to have the opportunity to serve our military as a key supplier on this remarkable aircraft".
The Marine Corps' CH-53K© King Stallion helicopter replaces the legacy CH-53E using proven and mature technologies and will deliver more than three times the capability of its predecessor. The CH-53K© is designed to improve aircraft, aircrew, and passenger survivability, reduce pilot workload, increase pilot situational awareness, and significantly reduce operating and support costs. The CH-53K© is the most capable heavy lift helicopter in the world.
About WHI
WHI is a vertically integrated manufacturer of precision components, composite structures and assemblies for the aerospace and defense markets. With industry-leading closed-die forging, composite fabrication, 3-, 4- and 5-axis CNC machining, assembly and NADCAP heat treat / NDT capabilities, WHI serves a global customer base. WHI's operating history dates back to 1951 with over 250,000 sq. ft. of manufacturing footprint that includes four ITAR registered facilities carrying AS9100 Rev. D and ISO 9001 certifications. For more information, please visit www.whiglobal.com.
Press Contact
Duke Peer,
dpeer@whiglobal.com
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SOURCE WHI Global | https://www.kxii.com/prnewswire/2022/06/15/whi-announces-sikorsky-ch-53k-cockpit-escape-hatches-transition-kit-awards/ | 2022-06-15T23:50:27Z |
Long-lost Elvis Presley jewelry collection heading to auction
Published: Aug. 5, 2022 at 6:23 PM CDT|Updated: 12 minutes ago
(CNN) - Fans know Elvis loved his sparkling jumpsuits and diamond studded rings.
However, for years, much of the famous jewelry from the King of Rock’ n’ Roll was considered lost.
Now, after almost a ten-year search, some of the pieces are found.
A California auction house tracked down dozens of Presley’s jewels which the singer gifted to his manager.
The jewels join the auction alongside other Elvis-related memorabilia. Many items are available for hundreds of dollars, with some even with price tags in the thousands.
Priscilla Presley, the ex-wife of Elvis, is helping to curate the sale.
The auction ends later this month.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.kxii.com/2022/08/05/long-lost-elvis-presley-jewelry-collection-heading-auction/ | 2022-08-05T23:37:57Z |
Capitol Police arrest man found with fake badge, BB gun, ammunition
WASHINGTON (Gray News) - A man was arrested outside of the U.S. Capitol after police said they found him with a fake badge, a BB gun, body armor and ammunition.
U.S. Capitol Police reported officers approached 53-year-old Jerome Felipe, from Flint, Michigan, after he parked his car near the west side of the Capitol building early Friday morning.
Felipe, a former police officer out of New York, presented officers with a fake badge that said “Department of the Interpol” and told them he was a criminal investigator with the agency.
He later gave them permission to search his vehicle where officers found a BB gun, two ballistic vests, high-capacity magazines and other ammunition, according to Capitol Police.
They reported officers did not find any real guns.
Felipe was arrested and faces charges of unlawful possession of high-capacity magazines and unregistered ammo.
Capitol Police reported they are still working to determine Felipe’s reason for being near the Capitol.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/06/03/capitol-police-arrest-man-found-with-fake-badge-bb-gun-ammunition/ | 2022-06-03T20:52:07Z |
NEW YORK, April 8, 2022 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Gatos Silver, Inc. (NYSE: GATO): (a) pursuant and/or traceable to the Registration Statement issued in connection with the Company's initial public offering (the "IPO" or "Offering") conducted on or about October 28, 2020; and/or (b) between October 28, 2020 and January 25, 2022, inclusive (the "Class Period"), of the important April 25, 2022 lead plaintiff deadline.
SO WHAT: If you purchased Gatos Silver securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Gatos Silver class action, go to https://rosenlegal.com/submit-form/?case_id=3100 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 April 25, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants failed to disclose to investors that: (1) the technical report for Gatos Silver's primary mine, the Cerro Los Gatos deposit, contained certain errors; (2) among other things, the mineral reserves had been overestimated by as much as 50%; and (3) as a result of the foregoing, defendants' positive statements about Gatos Silver's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Gatos Silver class action, go to https://rosenlegal.com/submit-form/?case_id=3100 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com
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SOURCE Rosen Law Firm, P.A. | https://www.wibw.com/prnewswire/2022/04/09/gato-shareholder-alert-rosen-trusted-national-trial-counsel-encourages-gatos-silver-inc-investors-with-losses-secure-counsel-before-important-deadline-securities-class-action-gato/ | 2022-04-09T06:33:01Z |
HAYWARD, Calif., Sept. 13, 2022 /PRNewswire/ -- Potrero Medical announced today that the FDA granted Breakthrough Device Designation for their AKI Predict machine learning algorithm, for the advanced prediction of acute kidney injury (AKI) associated with intra-abdominal hypertension (IAH) in cardiac post-surgical intensive care patients.
Joe Urban, Potrero CEO stated "We celebrate the breakthrough designation, and we are excited about what this will mean for patients, providers and health systems in the future." Urban further commented "Continuous urine output and intra-abdominal pressure are new patient parameters that, until Accuryn, have not been available to leverage as critical data streams. Combining Accuryn technology with a predictive AKI algorithm will enhance the clinical decision support we provide at the bedside."
To receive breakthrough designation from the FDA, there are several criteria that must be met. First, the device must provide for more effective treatment or diagnosis of life-threatening or irreversibly debilitating human disease or conditions. Next, the device must meet one of the following: 2a) it represents breakthrough technology, 2b) no approved or cleared alternative exists, 2c) it offers significant advantages over existing approved or cleared alternatives, or 2d) device availability is in the best interest of patients.
Potrero Medical, Inc. is a personalized platform transforming patient care through precision fluid management and analytics that offer clinical decision support by providing precise data from the kidney. Potrero Medical was founded with a mission to improve patient care and save health systems money with the latest advances in artificial intelligence and sensors. Potrero Medical is headquartered in Hayward, CA. For more information, visit potreromed.com
Contacts
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SOURCE Potrero Medical, Inc. | https://www.kxii.com/prnewswire/2022/09/13/potrero-medical-receives-fda-breakthrough-device-designation-accuryn-aki-predict-algorithm/ | 2022-09-13T12:43:01Z |
Salina Police identify suspect vehicle in Lowe’s catalytic converter theft
SALINA, Kan. (WIBW) - Salina Police are looking into the theft of a catalytic converter from the Lowe’s parking lot and have identified a suspect vehicle.
The Salina Police Department says on July 26, officers were called to Lowe’s at 3035 S 9th St. with reports of a catalytic converter theft.
SPD said an employee had reported the catalytic converter on their Ford SUV had been cut off and stolen while they were working. The vehicle had been parked in the west end of the parking lot and the theft cost the employee upwards of $2,000.
SPD noted that surveillance video shows a suspect vehicle - a tan or gray SUV - pull up next to the Ford around 4:20 p.m. on July 26.
If anyone has information about the theft, they should call SPD at 785-826-7210 or Crimestoppers at 785-825-TIPS.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/08/05/salina-police-identify-suspect-vehicle-lowes-catalytic-converter-theft/ | 2022-08-05T22:07:45Z |
Flight data suggests China Eastern plane deliberately crashed: Wall Street Journal report
By Nectar Gan and CNN’s Beijing Bureau
Black box data recovered from a China Eastern flight that crashed in March suggests someone in the cockpit intentionally downed the plane, the Wall Street Journal reported, citing a preliminary assessment from United States officials.
The Boeing 737-800 was flying from Kunming to Guangzhou when it nosedived from 29,000 feet mid air into the mountains, killing all 132 passengers and crew on board. It was China’s deadliest air disaster in decades.
Information extracted from the plane’s damaged flight-data recorder shows human input orders to the controls sent the plane into its deadly dive, according to the Journal, citing people familiar with the probe.
“The plane did what it was told to do by someone in the cockpit,” the Journal quoted a person who is familiar with American officials’ preliminary assessment as saying.
The plane’s flight-data recorder and cockpit voice recorder were recovered from the crash and sent to the US National Transportation Safety Board (NTSB) in Washington DC for analysis, Chinese state media earlier.
American officials involved in the investigation are focusing on the actions of a pilot, the Journal reported, adding that it is also possible that someone else on the plane could have broken into the cockpit and deliberately caused the crash.
Chinese investigators have not revealed any mechanical or technical problems with the aircraft that could have caused the crash and might require further action across the industry — as is typical in such events — a fact American officials believe lends credibility to their assessment, the journal reported.
CNN has reached out to the Civil Aviation Administration of China (CAAC) and China Eastern Airlines for comment.
In a statement to the Journal, China Eastern said no evidence has emerged that could determine whether or not there were problems with the aircraft involved in the accident. The airline told the Journal that the pilots’ health and family conditions were good, and added that their financial status was also in good shape.
“Any unofficial speculation may interfere with the accident investigation and affect the real progress of the global air transport industry,” the airline told the Journal.
On Wednesday, China’s state-run newspaper the Global Times cited a statement from the CAAC, which said it had reached out to the NTSB investigators who denied “releasing information on the investigation to any media outlets.”
According to the Global Times, the CAAC said the investigation is ongoing in a “scientific and rigorous” manner, and pledged to release “timely and accurate” updates.
In a summary of its preliminary report released on April 20, the CAAC said the two black boxes were “severely damaged” and “the data restoration and analysis work is still in progress.”
The report said the flight crew and maintenance personnel “met the relevant standards” and there were no items on board that had been declared as dangerous goods, nor were there any forecasts of dangerous weather.
Before the plane deviated from the cruising altitude, the radio communications between the crew and the air traffic control department did not show any abnormality, according to the report.
Rumors about a copilot intentionally crashing the plane had circulated widely on China’s internet by early April, with some pointing to the CAAC’s remarks on the mental health of aviation staff following the crash.
At a meeting on aviation safety on April 6, CAAC director Feng Zhenglin urged Communist Party officials at all levels to “stabilize the thoughts of their teams, make utmost efforts to solve employees’ problems in their work, life and study, and ensure their physical and mental health.”
“In particular, officials should do their best in the ideological work of pilots to lay a solid foundation for the front line to operate safely,” Feng said.
The speculations about pilot suicide causing the crash have previously prompted the CAAC to issue a denial. “These rumors…have seriously misled the public and interfered with the investigation of the accident,” Wu Shijie, a CAAC official, told a press conference on April 11, adding that police were carrying out investigations to hold the rumor mongers responsible.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/2022/05/18/flight-data-suggests-china-eastern-plane-deliberately-crashed-wsj-report/ | 2022-05-18T08:48:45Z |
NEW YORK, June 15, 2022 /PRNewswire/ -- Leading e-commerce and dropshipping solution provider DSers has recently released an upgraded Mapping function that proves to make product management easier and more streamlined for sellers. The upgrade enables sellers to choose from a number of different methods, such as SKU mapping and upsell mapping, to find what best suits their business, brand, and product offerings. Since 2018, DSers has helped process more than 150 million orders worldwide, connecting directly to Shopify and allowing innovative entrepreneurs to build truly global businesses and serve consumers around the world.
The upgraded DSers Mapping function is available in 5 options: Basic Mapping, Standard Mapping, Advanced Mapping, BOGO (Buy-One-Get-One) Mapping, and Bundle Mapping. Basic Mapping is the most efficient way to connect AliExpress products across different suppliers and allows for quick categorization of SKUs, rather than having to individually manage each variant of each product, whereas Standard Mapping is a more precise tool for managing each individual SKU. Advanced Mapping focuses on distribution management, allowing sellers to organize shipping from different suppliers, meaning more control over shipping times and costs. BOGO Mapping supports marketing campaigns such as buy-one-get-one-free deals without relying on third-party applications, and Bundle Mapping, similarly, supports selling in kits where consumers can easily purchase multiple products for a discount.
After a lengthy development process, DSers and leading dropshipping support platform Oberlo launched a new data migration solution. Following an announcement in May, Oberlo users were able to easily migrate their data to the new DSers platform and experience a superior suite of tooling and functionality, such as the ability to map variants in different ways, manage multiple stores, PayPal integration, automatic synchronization of order tracking numbers, and the DSers built-in marketing suite to boost sales revenue.
Regarding the upgraded product release, product director Abigail Yang said, "At DSers, we are always striving to bring as much value as possible to our customers by building products that help solve genuine pain points. For new users migrating from Oberlo, we are aware that the rich functionality available on DSers may be overwhelming, to begin with, but we are committed to helping them make the change and have full confidence that they will find the DSers user experience to be nothing short of exceptional as we continue to iterate and develop."
Underpinned by an advanced self-developed technology stack, DSers helps sellers solve issues of complex and unorganized store listings, poor product availability, and limited flexibility regarding logistics. Through ultimate variant mapping support, DSers allows users to easily organize and de-clutter product offering pages, allowing for a variety of different sizes and colors of similar items, as well as supporting order fulfillment across multiple suppliers offering the same product in instances of low supply. Also, DSers gives sellers the ability to manage warehousing and distribution, minimizing shipping time and cost to better satisfy end customers.
DSers provides a comprehensive e-commerce solution for sellers of all shapes and sizes built upon integrated mapping architecture that is both powerful and simple to use. Supporting 5 different mapping methods, the card-style product management UI and quick-switching mapping method are powerful and easy to operate for first-timers and professionals alike.
About DSers
DSers is a leading company that provides advanced e-commerce solutions. Since 2018, DSers has been installed nearly one million times, processed 150 million orders worldwide, and earned more than 6,300 five-star reviews on Shopify.
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SOURCE DSers | https://www.kxii.com/prnewswire/2022/06/15/dsers-releases-upgraded-mapping-functionality-streamline-dropshipping-sellers/ | 2022-06-15T17:45:35Z |
Biden nixes Trump design for Air Force One over cost, delay
WASHINGTON (AP) — President Joe Biden’s administration has scrapped former President Donald Trump’s red, white and blue design for the new generation of presidential aircraft after an Air Force review suggested it would raise costs and delay the delivery of the new jets.
Boeing is currently modifying two Boeing 747-800 aircraft that will bear the Air Force One callsign when the president is onboard to replace the existing fleet of two aging Boeing 747-200 aircraft. Trump, in 2018, directed that the new jumbo jets shed the iconic Kennedy-era robin’s egg blue and white design for a deeper navy and streak of dark red.
The Trump paint scheme is not being considered because it could drive additional engineering, time and cost, according to an administration official who spoke on the condition of anonymity in order to discuss the program.
Politico first reported that the Air Force study of the new paint job had concluded that the dark shade of blue Trump proposed for the plane’s underbelly and engines would have created heating issues for the aircraft, requiring costly redesigns and additional delays to the already behind-schedule program. The current generation of planes first carried President George H.W. Bush.
When he was in office, Trump kept a mockup of the new presidential plane in the new color scheme on a coffee table in the Oval Office.
“The baby blue doesn’t fit with us,” he told Fox News in 2019 after earlier unveiling sketches of his ideal redesign for the plane’s exterior.
Trump’s design utilized the colors of the American flag. The top half of the plane would be white, while dark blue would cover the bottom half, including the belly. A bold red stripe would streak from cockpit to tail across the midsection — almost identical to the color scheme on Trump’s personal plane, except that the white and blue were reversed.
The administration did not formally unveil a new design for the replacement aircraft, which are currently at a Boeing plant in San Antonio undergoing extensive modifications to prepare them to carry the president. They currently sport a simple white and blue paint job with U.S. Air Force markings as the work proceeds.
Formally known as the VC-25B, the new aircraft are estimated to replace the older VC-25A planes in 2026, years behind schedule.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/06/10/biden-nixes-trump-design-air-force-one-over-cost-delay/ | 2022-06-10T18:53:48Z |
Tim Ingram, Keri Lamont and Andrew Awoniyi Named to New Positions
DALLAS, June 21, 2022 /PRNewswire/ -- Axxess has elevated its executive leadership team with three people who will help lead efforts to deepen relationships with interoperability partners, its software solutions clients and the patients they serve.
"Axxess' focus on people, partnerships and solutions is a key reason for our continuing success," said Founder and CEO John Olajide. "Our commitment to our clients and the industry is reflected in the deep bench of exceptional leaders in our organization who add real value because of their longstanding industry experience and knowledge. I am proud of the contributions they are making to advance care in the home."
Tim Ingram has been promoted to executive vice president of interoperability. He is the senior leader of the company's Interoperability Partnerships team, responsible for building relationships and key product integrations that expand the ability to improve patient care and streamline operations for Axxess clients. Ingram has more than 20 years of healthcare technology experience, including working in software, operations leadership, and mergers and acquisitions environments.
"I am humbled by the privilege of working with such incredible industry partners," Ingram said. "We are committed to enhancing our technology ecosystem through integrations with organizations who share our passion for patient-centered care."
Keri Lamont has been named vice president of client experience. Lamont will help lead the company's Account Management team that is directly responsible for building and maintaining enterprise client relationships. She has more than 30 years of experience in healthcare and has worked as a leader in business development and client advocacy for BAYADA Home Health Care and Intrepid USA.
Added Lamont: "I am so thankful to have found a home at Axxess. We are partnering with enterprise clients every day to deliver a delightful experience so they can deliver the best possible care to patients. Together, we can help them grow their business and retain staff through our easy-to-use solutions."
Andrew Awoniyi has been promoted to vice president of patient engagement and analytics. He manages the strategic direction for the organization's patient engagement services and industry benchmarking data to better serve Axxess clients. Awoniyi is also closely involved with the content development strategy and delivery of the Axxess Training and Certification Program. He has more than 25 years of experience utilizing technology solutions to enhance care delivery, improve patient outcomes, and support organizations and patients across care settings.
Added Awoniyi: "I am continually grateful for the opportunity to work with the incredible team at Axxess to elevate the delivery of care everywhere. Every patient and family interaction by our clients offers up continuous insights for making data-driven decisions to improve care quality and staff training to streamline operations and ultimately bend the cost curve."
Axxess is the leading technology innovator for healthcare at home, focused on solving the most complex industry challenges. Trusted by more than 9,000 organizations that serve more than 3 million patients worldwide, Axxess offers a complete suite of easy-to-use software solutions that empower home health, home care, hospice, and palliative providers to make healthcare in the home human again. The company's collaborative culture focused on innovation and excellence is recognized nationally as a "Best Place to Work."
Contact: Dennis Petroskey
(202) 215-6767
dpetroskey@axxess.com
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SOURCE Axxess | https://www.mysuncoast.com/prnewswire/2022/06/21/axxess-elevates-leadership-interoperability-client-experience-patient-engagement-analytics/ | 2022-06-21T13:19:40Z |
Long COVID affects more older adults; shots don’t prevent it
(AP) - New U.S. research on long COVID-19 provides fresh evidence that it can happen even after breakthrough infections in vaccinated people, and that older adults face higher risks for the long-term effects.
In a study of veterans published Wednesday, about one-third who had breakthrough infections showed signs of long COVID.
A separate report from the Centers for Disease Control and Prevention found that up to a year after an initial coronavirus infection, 1 in 4 adults aged 65 and older had at least one potential long COVID health problem, compared with 1 in 5 younger adults.
Long COVID refers to any of more than two dozens symptoms that linger, recur or first appear at least one month after a coronavirus infection. These can affect all parts of the body and may include fatigue, shortness of breath, brain fog and blood clots.
Coronavirus vaccines that help prevent initial infections and serious illnesses provide some protection against long COVID but mounting research shows not as much as scientists had first hoped.
The veterans study published in Nature Medicine reviewed medical records of mostly white male veterans, aged 60, on average. Of the 13 million veterans, almost 3 million had been vaccinated last year, through October.
About 1%, or nearly 34,000, developed breakthrough infections. Lead author Dr. Ziyad Al-Aly noted that the study was done before the highly contagious omicron variant appeared at the end of the year and said the rate of breakthrough infections has likely increased.
Breakthrough infections and long COVID symptoms were more common among those who had received Johnson & Johnson’s single-dose shot compared with two doses of either Moderna or Pfizer vaccines. Whether any had received booster shots is not known; the first booster wasn’t OK’d in the U.S. until late September.
Overall, 32% had long COVID symptoms up to six months after breakthrough infections. That’s compared with 36% of unvaccinated veterans who had been infected and developed long COVID.
Vaccination reduced the chances for any long COVID symptoms by a “modest” 15%,” although it cut the risk in half for lingering respiratory or clotting problems, said Al-Aly, a researcher with Washington University and the Veterans Affairs health system in St. Louis. These symptoms included persistent shortness of breath or cough and blood clots in lungs or veins in the legs.
Infectious disease expert Dr. Kristin Englund, who runs a center for long COVID patients at the Cleveland Clinic, said the Nature Medicine study mirrors what she sees at her clinic. Long COVID patients there include people who were vaccinated and received boosters.
“As we have no clear treatments for long COVID, it is important for everyone to get vaccinated and use other proven methods of prevention such as masking and social distancing in order to prevent infections with COVID and thus long COVID,’’ Englund said.
The CDC report, released Tuesday, used medical records for almost 2 million U.S. adults from the start of the pandemic in March 2020 to last November. They included 353,000 who had COVID-19. Patients were tracked for up to a year to determine if they developed any of 26 health conditions that have been attributed to long COVID.
Those who had COVID were much more likely than other adults without COVID to develop at least one of these conditions, and risks were greatest for those aged 65 and older. Information on vaccination, sex and race was not included.
Breathing problems and muscle aches were among the most common conditions.
Older adults’ risks were higher for certain conditions, including strokes, brain fog, kidney failure and mental health problems. The findings are worrisome because those conditions can hasten older adults’ needs for long-term care, the report authors said.
They stressed that routine assessment of all COVID patients “is critical to reduce the incidence” of long COVID.
___
Follow AP Medical Writer Lindsey Tanner at @LindseyTanner.
___
The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Department of Science Education. The AP is solely responsible for all content.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/05/25/long-covid-affects-more-older-adults-shots-dont-prevent-it/ | 2022-05-25T18:19:02Z |
All dollar amounts shown in United States dollars unless otherwise noted
VANCOUVER, BC, July 28, 2022 /PRNewswire/ - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) ("Equinox Gold" or the "Company") is pleased to announce it has strengthened its balance sheet and increased its liquidity by amending its existing credit facility.
Equinox Gold and its lenders have revised the credit facility to:
- Increase the maximum amount available under the revolving facility from $400 million to $700 million
- Add a $100 million uncommitted accordion feature
- Reduce pricing for advances by 0.25% - 0.50% depending on leverage ratios
- Extend the maturity date to July 28, 2026, with the ability to request an additional one-year extension
Peter Hardie, Chief Financial Officer of Equinox Gold, commented: "The revised credit facility increases Equinox Gold's liquidity, reduces our cost of capital and extends the maturity date of our debt while we focus on building Greenstone. The increase in readily accessible, lower cost capital reflects the Company's growth and maturity and provides increased financial flexibility as we focus on delivering value to our shareholders in any economic environment. We appreciate the continuing strong support from our lending syndicate and their confidence in our long-term strategy."
Amounts drawn are subject to variable interest rates based on the Secured Overnight Financing Rate (Term SOFR) plus an applicable margin of 2.25% to 3.50%, based on the Company's total net leverage ratio.
The restated Credit Agreement will be available on the Company's profile on SEDAR at www.sedar.com and EDGAR at www.sec.gov/edgar.
Equinox Gold Contacts
Christian Milau, Chief Executive Officer
Rhylin Bailie, Vice President, Investor Relations
Tel: +1 604-558-0560
Email: ir@equinoxgold.com
This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation. Forward-looking statements and forward-looking information in this news release relate to, among other things: the strength of the Company's balance sheet, and the Company's liquidity and future cash requirements. Forward-looking statements or information generally identified by words such as "will", "potential", "provide", "ability", "delivering growth" and similar expressions and phrases or statements that certain actions, events or results "will", "may", "could", or "should", or the negative connotation of such terms, are intended to identify forward-looking statements and information. Although Equinox Gold believes that the expectations reflected in such forward-looking statements and information are reasonable, undue reliance should not be placed on forward-looking statements since Equinox Gold can give no assurance that such expectations will prove to be correct. Equinox Gold has based these forward-looking statements and information on Equinox Gold's current expectations and projections about future events and these assumptions include: the strategic vision for the Company and expectations regarding exploration potential, production capabilities and future financial or operational performance; and the Company's ability to successfully advance its growth and development projects, including the construction of Greenstone and the expansions at Los Filos, Castle Mountain and Aurizona. While Equinox Gold considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Accordingly, readers are cautioned not to put undue reliance on the forward-looking statements or information contained in this news release.
Equinox Gold cautions that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements and information contained in this news release and Equinox Gold has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: Equinox Gold's ability to achieve the exploration, production, cost and development expectations for its respective operations and projects; prices for gold remaining as estimated; currency exchange rates remaining as estimated; expectations regarding prices for energy inputs, labour, materials, supplies and services; construction of Greenstone being completed and performed in accordance with current expectations; expansion projects at Los Filos, Castle Mountain and Aurizona being completed and performed in accordance with current expectations; expectations regarding tonnage of ore to be mined and processed, ore grades and recoveries; Mineral Reserve and Mineral Resource estimates and the assumptions on which they are based, no labour-related disruptions and no unplanned delays or interruptions in scheduled construction, development and production, including by blockade or industrial action; all necessary permits, licenses and regulatory approvals are received in a timely manner; the Company's ability to comply with environmental, health and safety laws and other regulatory requirements; the ability of Equinox Gold to work productively with its joint venture partner and Indigenous partners at Greenstone; and those factors identified in the section titled "Risks and Uncertainties" in Equinox Gold's MD&A dated March 23, 2022 for the year ended December 31, 2021, and in the section titled "Risks Related to the Business" in Equinox Gold's Annual Information Form dated March 24, 2022 for the year ended December 31, 2021, both of which are available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/edgar. Forward-looking statements and information are designed to help readers understand management's views as of that time with respect to future events and speak only as of the date they are made. Except as required by applicable law, Equinox Gold assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement or information contained or incorporated by reference to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements and information. If Equinox Gold updates any one or more forward-looking statements, no inference should be drawn that Equinox Gold will make additional updates with respect to those or other forward-looking statements. All forward-looking statements and information contained in this news release are expressly qualified in their entirety by this cautionary statement.
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SOURCE Equinox Gold Corp. | https://www.mysuncoast.com/prnewswire/2022/07/28/equinox-gold-strengthens-balance-sheet-with-updated-credit-facility/ | 2022-07-28T15:43:03Z |
Proud Boys charged with seditious conspiracy in Capitol riot
(AP) - The former top leader of the far-right Proud Boys extremist group and other members have been charged with seditious conspiracy for what federal prosecutors say was a coordinated attack on the U.S. Capitol to stop Congress from certifying President Joe Biden’s 2020 electoral victory, authorities said Monday.
Henry “Enrique” Tarrio, the former Proud Boys chairman, and four others linked to the group are charged in the latest indictment against them. All five were previously charged with different conspiracy counts.
Tarrio, the group’s top leader, wasn’t in Washington, D.C., when the riot erupted on Jan. 6, 2021. Police arrested Tarrio in Washington two days before the riot and charged him with vandalizing a Black Lives Matter banner at a historic Black church during a protest in December 2020. Tarrio was released from jail on Jan. 14 after serving his five-month sentence for that case.
The new riot-related indictments against Proud Boys members are among the most serious filed so far, but they aren’t the first of their kind.
Eleven members or associates of the anti-government Oath Keepers militia group, including its founder and leader Stewart Rhodes, were indicted in January on seditious conspiracy charges in the Capitol attack.
More than three dozen people charged in the Capitol siege have been identified by federal authorities as Proud Boys leaders, members or associates.
A New York man pleaded guilty in December to storming the U.S. Capitol with fellow Proud Boys members. Matthew Greene was the first Proud Boys member to publicly plead guilty to conspiring with other members to stop Congress from certifying the Electoral College vote. Greene agreed to cooperate with authorities.
On the morning of Jan. 6, Proud Boys members met at the Washington Monument and marched to the Capitol before then-President Donald Trump finished speaking to thousands of supporters near the White House.
Just before Congress convened a joint session to certify the election results, a group of Proud Boys followed a crowd of people who breached barriers at a pedestrian entrance to the Capitol grounds, an indictment says. Several Proud Boys also entered the Capitol building itself after the mob smashed windows and forced open doors.
Prosecutors have said the Proud Boys arranged for members to communicate using specific frequencies on Baofeng radios. The Chinese-made devices can be programmed for use on hundreds of frequencies, making it difficult for outsiders to eavesdrop.
In December, a federal judge refused to dismiss an earlier indictment charging four alleged leaders of the far-right Proud Boys with conspiracy. U.S. District Judge Timothy Kelly rejected defense attorneys’ arguments that the four men — Ethan Nordean, Joseph Biggs, Zachary Rehl and Charles Donohoe — were charged with conduct that is protected by the First Amendment right to free speech.
Nordean, of Auburn, Washington, was a Proud Boys chapter president and a member of the group’s national “Elders Council.” Biggs, of Ormond Beach, Florida, is a self-described Proud Boys organizer. Rehl was president of the Proud Boys chapter in Philadelphia. Donohoe, of Kernersville, North Carolina, also served as president of his local chapter, according to the indictment.
Proud Boys members describe the group as a politically incorrect men’s club for “Western chauvinists.” Its members frequently have brawled with antifascist activists at rallies and protests. Vice Media co-founder Gavin McInnes, who founded the Proud Boys in 2016, sued the Southern Poverty Law Center for labeling it as a hate group.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/06/06/proud-boys-charged-with-seditious-conspiracy-capitol-riot/ | 2022-06-06T20:27:34Z |
Oklahoma sheriff deputy serving eviction papers shot, killed
OKLAHOMA CITY (AP) — An Oklahoma County Sheriff’s Office deputy was shot and killed and a second deputy wounded while the two were serving eviction papers at a home on the southwest side of Oklahoma City, authorities said.
Both deputies were transported to the University of Oklahoma Medical Center, where one deputy died and the other was in stable condition, Sheriff’s Office spokesman Aaron Brilbeck said.
The two deputies were not immediately identified while their family members were being notified, Brilbeck said.
Sheriff Tommie Johnson said the two deputies were serving “lock-out papers,” which is part of the eviction process, when one of the deputies went to the back door of the home and was shot. The second deputy was shot as he attempted to pull the first deputy to safety, Johnson said.
A suspect in the shooting was taken into custody following a vehicle chase across the city, said Oklahoma City police Sgt. Dillon Quirk. The suspect’s name was not immediately released.
“During that pursuit, the suspect was firing rounds at officers, and we had officers as well returning fire at the suspect,” said Oklahoma City Police Capt. Valerie Littlejohn. She said neither the suspect nor the pursuing officers were hit by gunfire during the exchanges.
Video from a news helicopter showed police chasing a pickup truck hauling a boat across the city to the entrance of Tinker Air Force Base, where the driver was taken into custody after he threw a rifle out the window and exited the truck with his hands raised.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/08/22/oklahoma-sheriff-deputy-serving-eviction-papers-shot-killed/ | 2022-08-22T22:13:47Z |
Which water table is best?
Your child will probably love playing with a water table, especially if they enjoy spending a long time in the bath or playing at the sink. Water tables offer hours of fun and entertainment while restricting water to a designated spot so your kids don’t accidentally flood your bathroom or soak the carpet. The Step2 Rain Showers Splash Pond Water Table is a first-rate water table.
What to know before you buy a water table
Your child’s height
It’s essential to measure the height of the water table you’re considering to make sure that it’s neither too short nor too tall for your kid to play with comfortably. If you can’t find a water table that’s the appropriate height for your kid, it’s better to purchase a table that’s a little too high rather than one that’s too low.
If the water table is too low, your child will need to stoop, which is fairly comfortable. On the other hand, if the water table is too high, your child can simply use a step stool until they’re taller.
Age range
Read the product description for the water table you’re considering to figure out the suggested age range. Some water tables are meant for little kids, while others are designed for older kids and have a minimum age range of 5 or 6. The lowest suggested age for water tables is 1 year, but most water tables are suggested for children 2 years of age and older.
Water capacity
The water capacity depends on the water table. Some bigger water tables can hold up to 10 gallons of water, while smaller water tables can only hold 2 gallons of water. Smaller water tables are not quite as versatile and your child will easily grow out of them, so it’s a good idea to purchase a mid-size or large water table that your child can develop with.
What to look for in a quality water table
Number of kids
Think about how many kids will regularly be playing at the children’s water table. Make sure the water table is big enough for all the kids to play at the same time.
Tools and toys
High-quality water tables often come with toys, tools and accessories, like containers or buckets for scooping up and pouring water, water towers, water wheels, figurines, squirting toys, slides and shovels.
Water only vs. water and sand
Some water tables are divided into two different sections, including one section for sand and one for water. Water and sand tables can bring a beach experience to your home.
How much you can expect to spend on a water table
Water tables range in price from about $30-$150 depending on the durability, size and features. The most basic water tables go for about $30-$40, while midrange water tables cost about $40-$70 and high-end water tables vary in price from $70-$150.
Water table FAQ
Are there educational advantages to kids playing with water tables?
A. Yes, there are plenty of educational advantages to kids playing with water tables. It might seem like your children are simply splashing the water and having fun while they’re playing with the water table, but they’re learning at the same time.
One of the top benefits of water tables for young kids is that they can boost motor skills like their hand-eye coordination. Kids also subconsciously learn about the concepts of volume, gravity and water flow.
Can a water table boost a kid’s social skills?
A. Yes, kids playing together at a water table usually like to show one another what they’ve learned, so water tables can promote interaction. They can also boost their cooperation skills by working with one another to reach particular goals and playing made-up games with each other.
What should you do when your child needs accessories for the water table?
A. Your kids can use anything waterproof and durable as a water table accessory. For example, they can use a plastic cup as a bucket to scoop up and pour out water. They can also get creative and pretend that a plastic figurine or a rubber duck is a visitor to their water park.
What’s the best water table to buy?
Top water table
Step2 Rain Showers Splash Pond Water Table
What you need to know: This sensory-rich water table from Step2 enables children to learn about cause and effect while they interact with it.
What you’ll love: This Step2 water table is big enough for several kids to play with the table and learn new social skills. The water table also includes some accessory toys and offers a rich visual and tactile experience.
What you should consider: You need to assemble this water table, but it’s not very hard.
Where to buy: Sold by Amazon
Top water table for the money
Little Tikes Frog Pond Water Table
What you need to know: This solid and simple water table from Little Tikes comes with lots of accessories for engagement and fun at a low price.
What you’ll love: This inexpensive and well-made Little Tikes water table holds up to 7 gallons of water for games and fun. The water table also includes one fill cup, two floating lily pads, five frogs and table sides with launchers for the frogs.
What you should consider: This kids’ water table can easily stain from outdoor dirt and debris.
Where to buy: Sold by Amazon
Worth checking out
Children’s Factory Neptune Sand and Water Table
What you need to know: This high-quality and sturdy water table from Children’s Factory features both sand and water in a double basin.
What you’ll love: This Children’s Factory water table is on casters for easy transfer from one place to another. The water table also comes with a lid, resists rust and fits in well at home, at school or at a daycare center.
What you should consider: This kids’ water table is on the more expensive side compared to similar products from competitors.
Where to buy: Sold by Amazon
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Alex Kilpatrick writes for BestReviews. BestReviews has helped millions of consumers simplify their purchasing decisions, saving them time and money.
Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/toys-games-br/pretend-play-br/best-water-table/ | 2022-05-22T13:27:35Z |
VANCOUVER, BC, July 5, 2022 /PRNewswire/ - Scottie Resources Corp. ("Scottie" or the "Company") (TSXV: SCOT), (OTCQB: SCTSF); (FSE: SR8) is pleased to report that it has commenced its 2022 drill program focused on expanding its high-grade Blueberry Contact Zone. The Blueberry Contact Zone is located 2 km north-northeast of the 100% owned past-producing high-grade Scottie Gold Mine, 35 km north of the town of Stewart, BC, along the Granduc Road.
President and CEO, Brad Rourke commented: "Our 2022 exploration is in full swing with the first drill turning at Blueberry and field crews soil sampling on the Cambria Project. Our planned drill program at Blueberry will test validated targets developed during the 2021 program, which have the potential to double the strike length of the Blueberry Contact Zone. Between testing new targets and following up on the successful intercepts from last season, we expect to deliver another year of consistently strong results that define a large, road accessible, gold system in the Golden Triangle."
About the Blueberry Contact Zone
The Blueberry Zone is located just 2 km northeast of the 100% owned, past-producing Scottie Gold Mine located in British Columbia, Canada's Golden Triangle region. Historic trenching and channel sampling of the Blueberry Vein include results of 103.94 g/t gold over 1.43 metres, and 203.75 g/t gold over 1.90 metres. Despite high-grade surficial samples and easy road access, the Blueberry Vein had only limited reported drilling prior to the Company's exploration work. The target was significantly advanced during Scottie's 2019 drill program when an interval grading 7.44 g/t gold over 34.78 metres was intersected in a new splay off zone of the main Blueberry Vein. The drill results received in 2020 and 2021, coupled with surficial mapping and sampling suggest that this splay is in fact a major N-S mineralized structure, of which the Blueberry Vein was only a secondary structure. This zone is much wider than pursued in previous exploration models and drilling in 2021 expanded its strike length to 720 meters and its depth to 225 meters. The zone is steeply dipping, and there is no current restraint on its potential depth; the mineralization at the adjacent Scottie Gold Mine has a vertical extent greater than 450 m. The Blueberry Zone is located on the Granduc Road, 20 km north of the Ascot Resources' Premier Project, which is in the process of refurbishing their mill in anticipation of production in 2022 (August 10, 2021). Newcrest's Brucejack Mine is located 25 km to the north.
Thomas Mumford, Ph.D., P.Geo and VP Exploration of Scottie, a qualified person under National Instrument 43-101, has reviewed the technical information contained in this news release on behalf of the Company.
ABOUT SCOTTIE RESOURCES CORP.
Scottie owns a 100% interest in the high-grade, past-producing Scottie Gold Mine and Bow properties and has the option to purchase a 100% interest in Summit Lake claims which are contiguous with the Scottie Gold Mine property. Scottie also owns 100% interest in the Georgia Project which contains the high-grade past-producing Georgia River Mine, as well as the Cambria Project properties and the Sulu property. Altogether Scottie Resources holds more than 52,000 ha of mineral claims in the Stewart Mining Camp in the Golden Triangle.
The Company's focus is on expanding the known mineralization around the past-producing mines while advancing near mine high-grade gold targets, with the purpose of delivering a potential resource. The Company's focus is on expanding the known mineralization around the past-producing mine while advancing near mine high-grade gold targets, with the purpose of delivering a potential resource.
All of the Company's properties are located in the area known as the Golden Triangle of British Columbia which is among the world's most prolific mineralized districts.
Forward Looking Statements
This news release may contain forward‐looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward‐looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward‐looking statements whether as a result of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.
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SOURCE Scottie Resources Corp. | https://www.kxii.com/prnewswire/2022/07/05/scottie-resources-commences-drilling-blueberry-contact-zone/ | 2022-07-05T11:33:26Z |
Highlights
- $3.9 million in cash as of March 31, 2022
- Working capital surplus of $3.7 million as of March 31, 2022 compared to a working capital surplus of $5.5 million as of December 31, 2021
- Completed Calgary FEED study results: total capital cost estimate of $11.75 million which includes a $2.0 million contingency
- Announced project economics including $7.6 million in estimated annual revenue per facility (1), $4.9 million in estimated annual gross profit per facility(1), and $4.0 million in potential annual EBITDA per facility(1)(2 and identified six areas of potential upside
VANCOUVER, BC, May 30, 2022 /PRNewswire/ - Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to announce that today it has filed its first quarter 2022 financial statements and management's discussion and analysis ("MD&A") on SEDAR for the 3 months ended March 31, 2022. These documents are also available on the Company's website at www.northstarcleantech.com. The Company has scheduled a virtual investor webcast to discuss these financial results and to provide a business update to the investment community on Tuesday, May 31, 2022 at 5:30 am PST / 8:30 am EST. Details are provided below.
Mr. Aidan Mills, President & CEO of Northstar, commented, "The first quarter was a pivotal one for Northstar as it demonstrated that the company has the potential to deliver the steps needed for an ESG business to succeed: 1) a technology that works; 2) the ability to scale up that technology; and 3) a clear commercialization strategy."
"The achievement of steady state production and the delivery of specification product at the Empower Pilot Facility in Delta B.C. clearly demonstrates step 1. These products have undergone rigorous testing by several potential customers across the Company's target market sectors, and we continue to believe that liquid asphalt produced by Northstar is suitable in paving, shingle manufacturing and roofing system ("flat roof") manufacturing. In parallel with the customer testing, we have added in-house and independent third-party testing to our capabilities," Mr. Mills stated. "Stringent quality control procedures are now in place for softening point, penetration, and flash point specifications which are a key customer requirement and now an integral part of our steady state production processes. Both steady state production and customer feedback has enabled us to identify areas of plant improvement – both for the Empower Pilot Facility in Delta B.C. and to be incorporated into the next detailed design phase for the Calgary scale-up facility ("Empower Calgary Facility")."
"The selection of Calgary as our first scale-up location, combined with our announcement of the successful completion of the front-end engineering design ("FEED") for our Empower Calgary Facility means we are on a clear pathway to step 2. The FEED design outlined a total capital cost estimate of $11.75 million for the Calgary Empower Facility, which includes $9.75 million in direct and indirect costs, plus an additional $2.0 million contingency. The recently announced life-cycle analysis, based on the FEED design, seeks to demonstrate that the Empower Calgary Facility that has a 60% lower carbon emissions footprint versus the base case of sending shingles to landfill and replacing the asphalt content with virgin production," continued Mr. Mills.
"Lastly, our announced project economics includes $7.6 million in estimated annual revenue per facility(1), $4.9 million in estimated annual gross profit per facility(1), and $4.0 million in potential annual EBITDA per facility(1)(2). Additionally, we believe there is clear achievable targets identified for asphalt pricing, which recently eclipsed $1,000 per tonne, sustainability or 'green' premium, operational performance, carbon credit revenue, tipping fee revenue, and operating assumptions. This detailed analysis of the economics for our facilities, combined with the strong potential customer feedback from their detailed asphalt testing programs hopes to show that step 3 is achievable."
"In summary, we have a highly cost-effective, low carbon production asset running a technology capable of producing high quality products in demand by material customers and delivering strong economic performance. 2022 is shaping up to be an exciting year for our Company," concluded Mr. Mills.
Based on these results, the Company believes that its technology works, which is shown through the steady state production at the Empower Pilot Facility, it is commercially viable and environmentally impactful.
Q1 2022 Highlights
- January 2022 - Northstar's common shares commenced trading in the United States on the OTCQB under the symbol 'ROOOF'.
- February 2022 - Appointed Ms. Kellie Johnston as Chief Sustainability Officer and General Counsel.
- February 2022 - Initiated steady state production at the Empower Pilot Facility in Delta, B.C., processing discarded shingles into "green asphalt", fiber, and aggregate, confirming that these products can enter the circular economy while diverting waste from landfills.
- March 2022 - Validated two of its outputs, high quality liquid asphalt and aggregate, through positive third-party test results. The testing confirmed that the Company's products meet its product specification objectives and can be used in a variety of applications.
- March 2022 - Selected Calgary, Alberta as the location for its expanded-capacity Empower Calgary Facility.
- March 2022 - Secured grant funding from Alberta Innovates for the engineering costs of the Empower Calgary Facility. This application to Alberta Innovates was Northstar's first of a broad range of government funding applications Northstar is progressing related to the Calgary Empower Facility.
- March 2022 - Received the FEED design from BBA Inc., Northstar's engineering consultant, for the Empower Calgary Facility. The FEED study outlined a total capital cost estimate of $11.75 million for the Calgary Empower Facility, which includes $9.75 million in direct and indirect costs, plus an additional $2.0 million contingency.
Significant Events Subsequent to the Quarter Ended March 31, 2022
- April 2022 - Announced project economics for the Calgary Empower Facility based on the FEED design and detailed internal management-prepared financial analysis of the planned facility. Highlights include $7.6 million in estimated annual revenue per facility(1), $4.9 million in estimated annual gross profit per facility(1), and $4.0 million in potential annual EBITDA per facility(1)(2). Identified achievable targets for asphalt pricing, which recently eclipsed $1,000 per tonne, sustainability or 'green' premium, operational performance, carbon credit revenue, tipping fee revenue, and operating assumptions.
- May 2022 - Announced life cycle analysis for the Calgary Empower Facility demonstrating a 60% reduction in carbon dioxide equivalent emissions versus the base case of landfill and replacement with virgin production, based on the FEED design and detailed internal management-prepared financial analysis of the planned facility.
Virtual Investor Webcast Details
Topic: Northstar Clean Technologies Q1 2022 Financial Results Webcast
Date: May 31, 2022
Time: 05:30 am PST / 08:30 am EST
Webcast URL: https://us06web.zoom.us/webinar/register/9016497132073/WN_rIiCj_o4SQiFJp_a8ySRzQ
Approximately two hours after the Q&A session has ended, an archived version of the webcast will be available via the webcast URL above.
About Northstar
Northstar Clean Technologies Inc. is a Vancouver-based clean technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar has developed a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracting the liquid asphalt, aggregate and fiber for usage in new hot mix asphalt, construction products and other industrial applications. Focused on the circular economy, Northstar plans to reprocess used or defective asphalt shingle waste back into its three primary components for reuse/resale at its Empower Pilot Facility in Delta, British Columbia. As an emerging innovator in sustainable processing, Northstar's mission is to be the leader in the recovery and reprocessing of asphalt shingles in North America, extracting the recovered components from asphalt shingles that would otherwise be sent to landfill.
For further information about Northstar, please visit www.northstarcleantech.com.
On Behalf of the Board of Directors,
Aidan Mills
President & CEO, Director
Cautionary Statement on Forward-Looking Information
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. The TSXV has neither approved nor disapproved the contents of this press release.
This press release may contain forward–looking information within the meaning of applicable securities legislation, which forward–looking information reflects the Company's current expectations regarding future events. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions. Forward-looking statements in this press release include statements concerning any projections or anticipated financial results of the Company, the scheduled virtual investor webcast, its confidence that it will play a pivotal role in the circular economy of the asphalt industry, its belief that the FEED design can be deployed across expansion facilities, its belief that its products can enter the circular economy while diverting waste from landfills, the Company's ability to generate future revenue from carbon credits, tipping fees and from the sale of its end-use products, and its projected project economics for its proposed Calgary Empower Facility. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company as well as those risks and uncertainties which are more fully described under the heading "Risk Factors" in the final prospectus of the Company dated June 18, 2021 and in the Company's annual and quarterly management's discussion and analysis and other filings with the Canadian securities regulatory authorities under the Company's profile on SEDAR. The novel strain of coronavirus, COVID-19, and ongoing dispute between the sovereign state of Ukraine and Russia also pose risks that are currently indescribable and immeasurable. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company does not undertake any obligation to update such forward–looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. The Company does not intend, and do not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law.
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SOURCE Northstar Clean Technologies Inc. | https://www.mysuncoast.com/prnewswire/2022/05/30/northstar-reports-first-quarter-2022-financial-results-announces-details-virtual-investor-webcast/ | 2022-05-30T23:50:50Z |
CHICAGO, April 26, 2022 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that it will launch an option contract on its physically-delivered Aluminum futures on May 23, pending regulatory review.
"Our new option contract is the latest example of CME Group's decade-long track record of helping the aluminum community to manage risk as their needs evolve," said Jin Chang, Global Head of Metals at CME Group. "Clients are increasingly turning to our Aluminum markets, with a record 4,888 Aluminum futures contracts traded on April 19 and average daily volume in April currently around 1,300 contracts, up over 100% from last year. We look forward to continuing to work with our clients and the industry to provide enhanced solutions across this important global market."
"We welcome the introduction of this new Aluminum Option contract and CME Group's efforts to enhance risk management capabilities in base metals," said Rob Sorrentino, President at Eckhardt Trading. "The new contract provides even more flexibility to manage adverse price movements and transparent price discovery, which benefits the entire base metals industry at this critical time."
"We applaud CME Group's continued expansion in base metals. With ongoing uncertainty in global metals markets, this new contract will allow us to offer liquidity to those looking to manage price risk and provide another important hedging tool to the broader aluminum community," said Gareth Upe, Managing Director at UPE Trading. "We look forward to supporting CME Group's new Aluminum Option contract."
The new Aluminum Option contract will be listed by and subject to the rules of COMEX. For more information, please visit here.
About CME Group
As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex® platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and, E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec and EBS are trademarks of BrokerTec Europe LTD and EBS Group LTD, respectively. Dow Jones, Dow Jones Industrial Average, S&P 500 and S&P are service and/or trademarks of Dow Jones Trademark Holdings LLC, Standard & Poor's Financial Services LLC and S&P/Dow Jones Indices LLC, as the case may be, and have been licensed for use by Chicago Mercantile Exchange Inc. All other trademarks are the property of their respective owners.
CME-G
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SOURCE CME Group | https://www.kxii.com/prnewswire/2022/04/26/cme-group-launch-an-aluminum-option-contract-may-23/ | 2022-04-26T11:05:52Z |
FREMONT, Calif. and WESTBURY, N.Y., Sept. 14, 2022 /PRNewswire/ -- Amprius Technologies, Inc. ("Amprius"), the leader in lithium-ion batteries with its Silicon Nanowire Anode Platform, today announced that it has completed its business combination with Kensington Capital Acquisition Corp. IV ("Kensington") (NYSE: KCAC.U), a special purpose acquisition company. The Business Combination was approved by Kensington shareholders in a special meeting held on September 13, 2022, and formally closed today. On September 15, 2022, Amprius' common stock will begin trading on the NYSE under the ticker symbol "AMPX" and Amprius' public warrants will trade under the ticker symbol "AMPX.W."
Amprius Technologies, Inc. has developed and, since 2018, been in commercial production of an ultra-high energy density lithium-ion battery for mobility applications, leveraging a disruptive silicon nanowire anode. Amprius' silicon nanowire anode technology enables batteries with a higher energy density, higher power density, and extreme fast charging capabilities over a wide range of operating temperatures, resulting in its batteries providing superior performance compared to conventional graphite lithium-ion batteries. Amprius' batteries are uniquely positioned to address existing and emerging aviation applications, including unmanned aerial systems, such as drones and high-altitude pseudo satellites as well as broad applications in electric transportation. Amprius has several customers who are successfully using Amprius batteries today in aviation and defense applications.
"Entering the public markets is an important milestone for Amprius, one we have been diligently working towards since our founding," said Dr. Kang Sun, Chief Executive Officer of Amprius. "This transaction provides Amprius with capital to use in scaling production capabilities to meet the significant demand for our transformational silicon nanowire anode technology. We are thankful for the Kensington team's support in reaching this important milestone and look forward to further advancing our mission of enabling the future of electric mobility."
Justin Mirro, Chairman and Chief Executive Officer of Kensington, added: "We are excited to complete our business combination with Amprius, which enhances their business plan and will accelerate the adoption of electric mobility in the sky and on the ground. Through the leadership of Kang Sun, Amprius has created a world-class team that is producing and selling next-generation batteries today."
Dieter Zetsche, Vice Chairman and President of Kensington, further added, "Amprius batteries are truly revolutionary and will change the way people and products will move in the future."
The transaction will result in gross proceeds of approximately $87 million to Amprius. Funds from the transaction are expected to support the company through the construction of its gigawatt hour-scale manufacturing facility.
Hughes Hubbard & Reed LLP served as legal advisor and Marcum served as auditor to Kensington. Oppenheimer & Co. Inc. served as financial advisor, Wilson Sonsini Goodrich & Rosati served as legal advisor, and SingerLewak served as auditor to Amprius.
About Amprius Technologies, Inc.
Amprius Technologies, Inc. is a leading manufacturer of high-energy and high-power lithium-ion batteries producing the industry's highest energy density cells. The company's corporate headquarters is in Fremont, California where it maintains an R&D lab and a pilot manufacturing facility for the fabrication of silicon nanowire anodes and cells.
For additional information, please visit amprius.com.
About Kensington Capital Acquisition Corp. IV
Kensington Capital Acquisition Corp. IV (NYSE: KCAC.U) is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with a business in the automotive and automotive-related sector. Kensington's management team of Justin Mirro, Dieter Zetsche, Bob Remenar, Simon Boag and Dan Huber is supported by a board of independent directors including Tom LaSorda, Nicole Nason, Anders Pettersson, Mitch Quain, Don Runkle, and Matt Simoncini.
Kensington's units, subunits and warrants are currently trading on the New York Stock Exchange under the symbols "KCAC.U," "KCA.U," and "KCAC.WS," respectively. Each "KCAC.U" unit contains one subunit and one warrant. Each "KCA.U" subunit contains one share of Kensington common stock and one warrant. A holder of the subunit will only be able to retain the one warrant underlying the subunit if the holder elects not to redeem the subunit in connection with the Business Combination. The subunits will not separate into shares of common stock and warrants until the consummation of the Business Combination.
For additional information, please visit autospac.com.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995, each as amended, including Amprius Technologies, Inc.'s (formerly known as Kensington Capital Acquisition Corp. IV "Amprius") management team's expectations, hopes, beliefs, intentions or strategies regarding the future. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding Amprius' securities trading on the New York Stock Exchange, Amprius' expected product offerings, the addressable market for Amprius' products, and Amprius' ability to produce its products at a commercial level. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Amprius' management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied upon by any investors as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond Amprius' control. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; risks related to the rollout of Amprius' business and the timing of expected business milestones; the effects of competition on Amprius' business; supply shortages in the materials necessary for the production of Amprius' products; the termination of government clean energy and electric vehicle incentives or the reduction in government spending on vehicles powered by battery technology; and delays in construction and operation of production facilities. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the "Risk Factors" section of Amprius' proxy statement/prospectus filed with the Securities and Exchange Commission under Kensington's name (the "SEC") on September 1, 2022, and other documents filed by Amprius from time to time with the SEC, all of which are available on the SEC's website at www.sec.gov. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Amprius does not presently know or that Amprius currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Amprius' expectations, plans or forecasts of future events and views as of the date of this press release. These forward-looking statements should not be relied upon as representing Amprius' assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements. Except as required by law, Amprius specifically disclaims any obligation to update any forward-looking statements.
Contacts:
For Amprius Technologies
Investors
Cody Slach and Sophie Pearson
Gateway
949-574-3860
IR@amprius.com
Media
Zach Kadletz
Gateway
949-574-3860
IR@amprius.com
For Kensington
Dan Huber
Chief Financial Officer
703-674-6514
dan@kensington-cap.com
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SOURCE Kensington Capital Acquisition Corp. IV | https://www.kxii.com/prnewswire/2022/09/14/amprius-technologies-inc-merges-with-kensington-capital-acquisition-corp-iv-power-future-electric-mobility/ | 2022-09-14T20:36:29Z |
GARDEN CITY, N.Y., July 21, 2022 /PRNewswire/ -- Emulating FDNY's (the largest metropolitan fire fighter community in the United States) successful partnership with the Mollie Biggane Melanoma Foundation, FWFD launched their skin cancer prevention program on July 25th. The Bob Bolen Public Safety Complex is the focal point for the training and education for the city's 950 firefighters. Their territory – one of the fastest growing metropolitan areas in the country covers more than 350 square miles and they respond to more than 160,000 calls annually. Lieutenant Troy Clark with FWFD's Bureau of Fire Prevention, is enthusiastic about this new partnership. "In the fire service, we begin our lives at the Fire Academy. There is no better place to bring skin cancer awareness to firefighters."
According to the CDC National Institute for Occupational Health and Safety (NIOSH), first responders have a higher risk of developing skin cancer than the general population. Studies have revealed an increased risk for multiple cancers and, in a study published in the JAMA of Dermatology, firefighters are also found to be diagnosed with melanoma at younger ages – an average of 42. "In Texas, the odds of getting skin cancer are increased. One in three Texans will develop some form of skin cancer. And, Texas ranks third in the nation for malignant melanoma," reported Jack Biggane, President of Mollie's Fund. "So when we educate the Fort Worth firefighter community, we are bringing our message of prevention to a population that is very susceptible to this disease."
Working together, Mollie's Fund and FWFD designed posters that will be earmarked for fire stations throughout the city in order to educate firefighters about skin cancer prevention. And, with facilitation by Dr. Elizabeth Hale, MD, Associate Professor of Dermatology at NYU, Mollie's Fund created a skin cancer education module that will be incorporated into the trainees' classroom curriculum and will also be available on the FWFD website. The foundation's eight donated sunscreen dispensers will be placed at strategic locations throughout the training center so that firefighters, trainees and instructors have easy access to sunscreen. Dr. Keith Argenbright, MD, Chief of the Division of Community Health Sciences at UT Southwestern Medical Center, supports this initiative. "We appreciate the impactful work of Mollie's Fund to help our firefighters to be safe from skin cancer."
Visit www.molliesfund.org for more information on this project and how you can prevent skin cancer.
Contact:
John Biggane
516-816-3623
bigganej@optonline.net
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SOURCE Mollie Biggane Melanoma Foundation | https://www.wibw.com/prnewswire/2022/07/21/mollie-biggane-melanoma-foundation-partners-with-fort-worth-fire-department-raise-skin-cancer-awareness/ | 2022-07-21T15:57:58Z |
AUSTIN, Texas, Aug. 2, 2022 /PRNewswire/ -- Bitcoin and other cryptocurrencies have been dubbed "digital gold," but how well do these assets compare to actual physical gold? U.S. Money Reserve, America's Gold Authority®, explores this and more.
CRYPTO GOES BROKE | GOLD REMAINS STRONG IN JULY 2022
The cryptocurrency market has lost almost $2 trillion in market capitalization since November 2021, according to data from CoinMarketCap. Crypto hedge fund Three Arrows Capital went from managing $10 billion in assets to filing for bankruptcy in the first half of the year. Over roughly the same period, crypto lender Celsius went from managing over $25 billion in assets to managing only $167 million. Most who purchased and held cryptocurrencies during the last boom have seen their holdings drastically drop.
A Barron's article ("Gold Prices Are Holding Up as Stocks, Bonds, and Crypto Plunge") dated June 17, 2022, sums up crypto's recent troubles as "at odds with the prevailing narrative of the past few years, which preached that these digital assets would take the place of the yellow metal as a haven in turbulent times. It should be clear now that the opposite is true, at least this time." The limited history of cryptocurrency makes it difficult to clearly define its role in a portfolio and determine if it acts as a safe haven over the long term or if it behaves more similarly to speculative assets.
14 YEARS VERSUS OVER 5,000 YEARS
The first cryptocurrency, Bitcoin, emerged in 2009. By contrast, gold's origins date back more than 5,000 years. Gold coins premiered as a form of currency around 550 B.C., pre-dating the introduction of paper money.
Given that cryptocurrency is in its infancy, the digital asset has a limited track record. There can be significant risk involved in putting your money into a relatively new asset class. The price of a cryptocurrency can be extremely volatile. Holdings that may be worth thousands of dollars today might only be worth only hundreds tomorrow, and there's no guarantee the price will go up again.
Gold, however, has a substantial history. One of the most important attributes of physical gold is that it is a tangible asset.
In short, gold's tangible nature and intrinsic benefits make it hard to be fully replaced by a digital asset.
GOLD'S RELEVANCE IN JULY 2022
Gold is considered a traditional hedge against the stock market—and, now more than ever during the current economic turbulence, gold should be considered as part of a diversified portfolio. Learn more at https://usmr.com/PR-USMRHP_08022022 and watch the video below for more information on gold versus crypto.
For a deeper understanding of the differences between cryptocurrency and gold, read this article from U.S. Money Reserve's Chief Procurement Officer and Master Numismatist John Rothans, which details the differences.
https://usmr.com/PR-JR_BLG_08022022
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SOURCE US MONEY RESERVE | https://www.mysuncoast.com/prnewswire/2022/08/02/whats-long-term-performance-gold-versus-cryptocurrency-us-money-reserve-examines/ | 2022-08-02T18:57:19Z |
NEW YORK, July 12, 2022 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Upstart, Inc. (NASDAQ: UPST) alleging that the Company violated federal securities laws.
Class Period: March 18, 2021 to May 9, 2022
Lead Plaintiff Deadline: July 12, 2022
No obligation or cost to you.
Learn more about your recoverable losses in UPST:
https://www.kleinstocklaw.com/pslra-1/upstart-inc-loss-submission-form?id=29689&from=4
CLASS ACTION CASE DETAILS: The filed complaint alleges that Upstart, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Upstart's AI model could not adequately account for macroeconomic factors such as interest rates that impact the market-clearing price for loans; (2) as a result, Upstart was experiencing a negative impact on its conversion rate; (3) as a result, the Company was reasonably likely to use its balance sheet to fund loans; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Upstart you have until July 12, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Upstart securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the UPST lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/upstart-inc-loss-submission-form?id=29689&from=4.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
www.kleinstocklaw.com
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SOURCE The Klein Law Firm | https://www.wibw.com/prnewswire/2022/07/12/upst-alert-klein-law-firm-announces-lead-plaintiff-deadline-july-12-2022-class-action-filed-behalf-upstart-inc-shareholders/ | 2022-07-12T10:35:41Z |
Recognition marks Dr. Inam's second inclusion on Incisal Edge's annual list
BOSTON , June 2, 2022 /PRNewswire/ -- Dr. Wardah Inam, CEO and co-founder of Overjet, has been named one of Incisal Edge's Top 32 Most Influential People in Dentistry, in recognition of Dr. Inam's continued leadership in moving the dental industry forward and contributions in pioneering transformational AI technologies that advance patient care. Now in its sixth year, the annual list recognizes the innovators and movers and shakers who are making a dramatic impact in driving dentistry forward.
"I'm honored by Incisal Edge's inclusion, which is really a recognition of the incredible work the team at Overjet is doing in advancing patient care through continued dental innovations in AI," said Dr. Inam.
Under Dr. Inam's leadership, 2022 saw a year of extraordinary growth and momentum for Overjet, most recently securing a landmark second FDA clearance. Today, Overjet's revolutionary products are used not only by some of the largest dental groups like Dental Care Alliance, Mortenson Dental Partners, and Jefferson Dental & Orthodontics but also by some of the major insurance carriers to more efficiently process claims, covering 75 million Americans. Amid the explosive customer demand for its FDA-cleared dental AI software, Overjet raised nearly $70 million in 2021, catapulting the company to a $425 million valuation. Since founding Overjet in 2018, Dr. Inam has built Overjet into a global leader in dental AI solutions that is on a quest to improve oral health by creating a future that is clinically precise, efficient, and patient-centric.
The annual list, curated by Incisal Edge, features a selection of the dental industry's top influencers, including doctors, executives, innovators and educators that includes Stanley Bergman, Chairman of the Board and CEO of Henry Schein; James "Wells" Hutchison, President and CEO, Delta Dental Plans Association; Natalia Chalmers, Chief Dental Officer, Centers for Medicare and Medicaid Services; and the CEOs of Heartland Dental, Aspen Dental, Pacific Dental Services, and MB2 Dental. Read more on Incisal Edge's profile of Dr. Wardah Inam here.
About Overjet
Overjet is the global leader in dental artificial intelligence, helping both payers and providers improve patient care. By combining deep expertise in dentistry and advanced engineering, Overjet develops accurate and quantified ways to detect pathologies, and integrates actionable insights into systems and workflows to operationalize a feedback loop between payers, providers, and patients. The company was founded by experts from the MIT and Harvard School of Dental Medicine and has assembled the largest and most seasoned team of technologists and domain experts with deep AI, dental, and insurance experience. Every day, some of the largest DSOs and insurance companies rely on accurate information provided by Overjet to deliver care and service to patients. Learn more at www.overjet.com.
About Incisal Edge
Incisal Edge magazine is dedicated to helping readers get an edge — and keep it — in the fast-changing world of healthcare and business. Published by Benco Dental since 1997, Incisal Edge curates the industry's most progressive thought leadership to concisely and compellingly deliver the latest in dental innovations and the people behind them. Known for its "40 Under 40 — America's Best Young Dentists," which highlights the country's brightest rising stars, the magazine's content includes "The 32 Most Influential People in Dentistry," plus columns and features packed with sharp advice, expert success tips on everything from marketing to operations, and the latest clinical advances and essential tools for practicing and living smarter. Incisal Edge magazine's print edition reaches 130,000 readers quarterly via a direct mail distribution package with Dentaltown magazine. Incisaledgemagazine.com leads with dynamic visuals and follows with exclusive web content, an improved mobile experience, and a centralized nomination hub for the magazine's signature awards.Learn more www.incisaledgemagazine.com
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SOURCE Overjet | https://www.wibw.com/prnewswire/2022/06/02/overjet-ceo-wardah-inam-named-one-incisal-edges-top-32-most-influential-people-dentistry/ | 2022-06-02T19:30:56Z |
— Designed to Enable Time-Critical Clinical Decisions in Cardiac Surgery —
BEDFORD, Mass., July 25, 2022 /PRNewswire/ -- Werfen today announced the worldwide commercial release of GEMweb Live, a real-time onscreen viewer of diagnostic test results for cardiac surgical procedures. Comprehensive, rapid test results are viewed in real-time on one screen, designed to help guide goal-directed therapy and other critical needs—before, during and after surgery.
A digital solution, GEMweb Live coordinates care, enabling time-critical clinical decisions in the cardiovascular operating room (CVOR) by displaying consolidated results. Acute Care Diagnostic systems that can be connected to GEMweb Live include: VerifyNow™ platelet-reactivity system; ROTEM sigma* and delta thromboelastometry systems; GEM Premier 5000 blood gas testing system; and GEM Hemochron™ 100 and Hemochron Signature Elite whole blood hemostasis systems.
"Previously, results were viewed on multiple screens or multiple printouts, hand-delivered to the CVOR. Now, GEMweb Live delivers real-time results throughout a cardiac procedure in one glance. This improves efficiency and allows clinicians to make key decisions when time is precious," said Remo Tazzi, Vice President, Worldwide Marketing and Service, Hemostasis and Acute Care Diagnostics at Werfen. "Customer response to GEMweb Live has been extremely positive in the US and Europe, and we look forward to continuing commercialization throughout the world in the months ahead."
A multidisciplinary approach to patient management, GEMweb Live supports operational efficiency during time-sensitive procedures such as cardiac surgery. Platelet function, from VerifyNow, is demonstrated to help identify bleeding risk from antiplatelet therapy (e.g., clopidogrel)†; blood viscosity, from ROTEM delta and sigma, is demonstrated to help guide transfusion decisions perioperatively†; total hemoglobin, from GEM Premier 5000, is demonstrated to help guide red cell transfusion decisions,† in addition to respiratory status and electrolyte balance; and activated clotting time, from GEM Hemochron 100 and Hemochron Signature Elite systems, monitors unfractionated heparin and can help guide reversal†.
GEMweb Live is part of Werfen's integrated and comprehensive Acute Care Diagnostics product portfolio—helping clinicians and laboratorians achieve better patient outcomes, lower total cost of care, assure accreditation compliance and improve operational efficiency in hospital acute care settings. For Whole Blood Hemostasis testing, ROTEM thromboelastometry systems, VerifyNow platelet-reactivity testing system, the GEM Hemochron 100 and Hemochron Signature Elite systems inform key clinical decisions regarding transfusion, bleeding risk and heparin dose adjustment during surgical and interventional procedures. For Blood Gas testing, the GEM Premier family, including GEM Premier 5000 and 3500 systems, and Avoximeter™ portable CO-Oximeters, simplify POC operations by automating key labor- and skill-intensive tasks, including quality management and system maintenance. From CVORs and Catheterization Labs, to Intensive Care Units and Emergency Departments, whole-blood, cartridge-based instruments with integrated data management solutions from Werfen help hospitals improve efficiency and enhance patient care.
*Not available in all countries.
†With defined clinical information, processes and procedures.
Data in this release on file at Werfen.
Werfen (www.werfen.com), founded in 1966, is a worldwide developer, manufacturer and distributor of specialized diagnostic instruments, related reagents, automation workcells, and data management solutions for use primarily in hospitals and independent clinical laboratories. The Company's business lines include Hemostasis, Acute Care Diagnostics (ACD), Autoimmunity, and Original Equipment Manufacturing (OEM). Werfen's Hemostasis portfolio includes ACL TOP® Family 50 Series and ACL TOP Family Hemostasis Testing Systems, ACL AcuStar® system, ACL Elite® systems, HemoCell™ Specialized Lab Automation, HemoHub™ Intelligent Data Manager, along with the comprehensive line of HemosIL® assays. The ACD portfolio includes the GEM® Premier™ 5000 system with Intelligent Quality Management 2 (iQM®2), GEM Premier 3500 system with iQM, GEM Premier ChemSTAT™ system, GEMweb® Plus Custom Connectivity, ROTEM® thromboelastometry systems, Hemochron™ systems, VerifyNow™ platelet-function testing system, and Avoximeter™ CO-Oximeters. The Autoimmunity portfolio includes Aptiva®, BIO-FLASH®, NOVA View®, AUTOLoader and QUANTA-Lyser® 3000 systems, and QUANTA Link® data management solutions. The OEM business line offers services for end-to-end development and manufacturing of customized immunoassays and biomaterials for diagnostic companies.
The Werfen logo is a trademark of Werfen. GEM, Premier, GEM Premier ChemSTAT, GEMweb, iQM, ChemSTAT, HemosIL, ACL, ACL TOP, ACL Elite, ACL AcuStar, ReadiPlasTin, RecombiPlasTin, SynthASil, SynthAFax, ROTEM, Hemochron, VerifyNow and Avoximeter are trademarks of Instrumentation Laboratory Company (d.b.a. Werfen) and/or one of its subsidiaries or parent companies and may be registered in the United States Patent and Trademark Office and in other jurisdictions. Aptiva, QUANTA-Lyser, QUANTA Lite, QUANTA Link, QUANTA Flash, NOVA View, NOVA Lite are registered trademarks of Inova Diagnostics, Inc. (d.b.a. Werfen). BIO-FLASH is a registered trademark of Biokit S.A. All other product names, company names, marks, logos, and symbols are trademarks of their respective owners.
Contact:
Sally McCraven
smccraven@werfen.com
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SOURCE Werfen | https://www.wibw.com/prnewswire/2022/07/25/werfen-announces-worldwide-commercial-release-gemweb-live-real-time-onscreen-viewer/ | 2022-07-25T13:06:41Z |
Russia continues to ‘raise true hell,’ Ukraine governor says
KYIV, Ukraine (AP) — Russian forces are managing to “raise true hell” in Ukraine’s eastern industrial heartland despite reports of them taking an operational pause, a regional governor said Saturday as the government in Kyiv urged people in Russian-occupied areas in the south to evacuate “by all possible means” ahead of a Ukrainian offensive.
Deadly Russian shelling was reported in Ukraine’s east and south.
The governor of Luhansk, Serhyi Haidai, said Russia launched over 20 artillery, mortar and rocket strikes in the province overnight and its forces were pressing toward the border with neighboring Donetsk.
“We are trying to contain the Russians’ armed formations along the entire front line,” Haidai wrote on Telegram.
Last week, Russia captured the last major stronghold of Ukrainian resistance in Luhansk, the city of Lysychansk. Analysts predicted Moscow’s troops likely would take time to rearm and regroup.
But “so far, there has been no operational pause announced by the enemy. He is still attacking and shelling our lands with the same intensity as before,” Haidai said. In a later post, he claimed the bombardment of Luhansk was suspended because Ukrainian forces had destroyed ammunition depots and barracks used by the Russians.
Ukraine’s deputy prime minister, Iryna Vereshchuk, appealed to residents of Russian-held territories in the south to evacuate so the occupying forces could not use them as human shields during a Ukrainian counteroffensive.
“You need to search for a way to leave, because our armed forces are coming to de-occupy,” she said. “There will be a massive fight. I don’t want to scare anyone. Everyone understands all of this anyway.”
Speaking at a news conference late Friday, Vereshchuk said a civilian evacuation effort was underway for parts of the Kherson and Zaporizhzhia regions. She declined to give details, citing safety considerations.
It was not clear how civilians were expected to safely leave Russian-controlled areas while missile strikes and artillery shelling continue in surrounding areas, or whether they would be allowed to depart or even hear the government’s appeal.
The war’s death toll continued to rise.
Five people were killed and eight more wounded in Russian shelling Friday of Siversk and Semyhirya in Donetsk province, its governor, Pavlo Kyrylenko, wrote on his Telegram channel on Saturday morning.
In the city of Sloviansk, named as a likely next target of Russia’s offensive, rescuers said they pulled a 40-year-old man from the rubble of a building destroyed by shelling on Saturday morning. Kyrylenko had said multiple people were under the debris.
Russian missiles killed two people and wounded three others Saturday morning in the southern city of Kryvyi Rih, according to regional authorities.
“They deliberately targeted residential areas,” Valentyn Reznichenko, the governor of the eastern Dnipropetrovsk region, asserted on Telegram. Kryvyi Rih’s mayor, Oleksandr Vilkul, asserted in a Facebook post that cluster munitions had been used, and he urged residents not to approach unfamiliar objects in the streets.
Seven people were injured in a Russian rocket strike on Ukraine’s second-largest city, Kharkiv, on Saturday morning and three of them were hospitalized, including a child, the regional governor, Oleh Syniehubov, wrote on Telegram.
In the southern city of Mykolayiv, Mayor Oleksandr Senkevych in a Telegram post said a Russian missile attack was under way. He did not mention casualties.
Russian defense officials claimed Saturday that their forces destroyed a hangar housing U.S. howitzers in Ukraine, near the Donetsk province town of Chasiv Yar. There was no immediate response from Ukraine.
The British Defense Ministry reported Saturday that Russian forces in Ukraine were now being armed with “obsolete or inappropriate equipment,” including MT-LB armored vehicles taken out of long-term storage.
The MT-LB entered service in the Soviet military in the 1950s and does not provide the same protection as modern armored vehicles.
“While MT-LBS have previously been in service in support roles on both sides, Russia long considered them unsuitable for most frontline infantry transport roles,” the British ministry said on Twitter.
The Russians also have brought Cold War-era tanks out of storage.
___
Associated Press journalists across Ukraine contributed.
___
Follow AP’s coverage of the Russia-Ukraine war at https://apnews.com/hub/russia-ukraine
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/07/09/russia-continues-raise-true-hell-ukraine-governor-says/ | 2022-07-09T11:33:05Z |
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Phoebe Family members celebrate as Jorge Torres, 36, is discharged after spending 206 days in the hospital – a longer stay than any other COVID patient at Phoebe.
ALBANY -- The Phoebe Family celebrated a patient’s amazing recovery from COVID on Thursday.
Jorge Torres, 36, was discharged after spending 206 days in the hospital – a longer stay than any other COVID patient at Phoebe. Torres had no history of medical problems when he was admitted with COVID in January. Nevertheless, he suffered critical illness from the virus and spent more than four months on a ventilator. In March, Phoebe’s critical care team even brought him back to life when his heart stopped.
“I am happy. I thank everyone who took care of me. The nurses who took care of me, who were in charge of my care – I thank you very much,” Torres said through a translator.
Dozens of Phoebe Family members gathered to celebrate his discharge Thursday, lining the hallways as Torres left his hospital room. Several of his nurses presented him with a framed picture of him with members of his care team, and an environmental services worker sang “Amazing Grace.”
“Mr. Torres’s will to survive and recover is a triumph of the human spirit," Phoebe Putney Health System President and CEO Scott Steiner said. "He became a beloved patient to the nurses and other team members who cared for him, and many of them describe his recovery as a miracle.
"We celebrate his incredible recovery, and we are grateful for the dedicated Phoebe Family members who continue to provide outstanding care to COVID patients 2 1/2 years into the pandemic.”
Members of Torres’s family were there for the celebration and will help him continue his recovery at home.
As Torres left Phoebe to continue his recovery, Phoebe officials announced an uptick of 28% in cases over the last week at the hospital system's facilities in Albany, Americus and Sylvester.
“While we do not think that increase is an indication that a major surge is imminent, it is more evidence that the pandemic is not over, and we must continue to take the threat of the virus seriously,” Health System Chief Medical Officer Dr. Dianna Grant said. “We know masks are no longer required at school, but we encourage parents to make sure their children wear masks as they return to class, and we hope parents will get their children vaccinated to help prevent COVID illness."
Vaccines are available for everyone six months of age and older. Vaccine appointments at Phoebe can be scheduled by calling (229) 312-MYMD.
Phoebe reported Friday that 30 COVID patients were being treated at its Albany facility, nine in Americus and two in Sylvester.
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TAIPEI, July 29, 2022 /PRNewswire/ -- Chunghwa Telecom Co., Ltd. (TAIEX: 2412, NYSE: CHT) ("Chunghwa" or "the Company") today reported its un-audited operating results for the second quarter of 2022. All figures were prepared in accordance with Taiwan-International Financial Reporting Standards ("T-IFRSs") on a consolidated basis.
(Comparisons throughout the press release, unless otherwise stated, are made with regard to the prior year period.)
Second Quarter 2022 Financial Highlights
- Total revenue increased by 5.7% to NT$ 52.44 billion.
- Consumer Business Group revenue increased by 3.3% to NT$ 31.52 billion.
- Enterprise Business Group revenue increased by 9.4% to NT$ 17.75 billion.
- International Business Group revenue increased by 17.9% to NT$ 1.76 billion.
- Total operating costs and expenses increased by 5.4% to NT$ 40.41 billion.
- Net income attributable to stockholders of the parent increased by 8.1% to NT$ 9.68 billion.
- Basic earnings per share (EPS) was NT$1.25.
"Our second quarter results demonstrate our ongoing progress we navigating out of the pandemic, as we showcase our outstanding products and services delivered to satisfy our customers, employees, shareholders, and the greater community," said Mr. Chi-Mau Shieh, Chairman and Chief Executive Officer of Chunghwa Telecom. "We are pleased to deliver strong quarterly performance with all measures exceeding our proposed guidance."
"We maintained our leading position once again in terms of revenue and subscriber numbers, and we are confident in our ability to maintain this status. In terms of mobile services, we observed an average 37% uplift in monthly fees, attributable to customers who renewed contracts to adopt 5G services. Simultaneously, for broadband business, about 70% of the package adopters opted for higher-speed services (500Mbps), contributing to speed upgrade and ARPU enhancement."
"As for segment details, consumer business group revenue grew as a result of our high-quality services and 5G network development. Our Fixed-Broadband + Mobile + Wi-Fi program attracted 13.2% more subscribers this quarter compared to last, and Home Wi-Fi device sign-ups doubled on a year-over-year basis. Enterprise business group revenue also increased by 9.4% year-over-year, driven by our ICT business with a 31.7% growth on a year-over-year basis, particularly with progress on large smart energy projects. Our emerging enterprise applications, including AIoT, IDC, cloud, cyber security, 5G private network and big data etc., reported strong growth momentum by representing 43.5% year-over-year growth."
"Our global expansion plan remains in progress. During the quarter, we signed an MOU with Thonburi Hospital in Thailand to develop smart hospital solutions. In addition, we expect to extend our 5G private network solution to Southeast Asian market. We remain confident in our high-quality services and products and believe in our long-term strategies and goals," Mr. Shieh concluded.
Revenue
Chunghwa Telecom's total revenues for the second quarter of 2022 increased by 5.7% to NT$ 52.44 billion.
Consumer Business Group revenue for the second quarter of 2022 increased by 3.3% to NT$ 31.52 billion, mainly due to a 5.3% YoY increase of mobile service revenue driven by postpaid subscriber growth and 5G migration. Fixed-line service revenue increased 1.9% YoY owing to higher-speed service adoption and IPTV service. Sales revenue slightly increased 2.1% YoY despite the disrupted handset supply chain issue under COVID-19 and typical seasonality ahead of the new iPhone launch.
Enterprise Business Group revenue for the second quarter of 2022 increased by 9.4% to NT$ 17.75 billion, mainly due to ICT business revenue increased by 31.7%. Mobile service business revenue increased 13% YoY owing to 5G migration and increased demand for text messages as a result of COVID-19. Fixed-line revenue decrease 0.4%, though data communication and broadband access revenue growth offset the decrease in enterprise voice revenue.
International Business Group revenue for the second quarter of 2022 increased by 17.9% to NT$ 1.76 billion, mainly due to the increase of ICT revenue.
Operating Costs and Expenses
Total operating costs and expenses for the second quarter of 2022 increased by 5.4% year over year to NT$ 40.41 billion, mainly due to higher personnel expenses and depreciation expense.
Operating Income and Net Income
Income from operations for the second quarter of 2022 increased by 6.6% to NT$ 12.03 billion, mainly due to the continued growth of profitable core business. The operating margin was 22.9%, as compared to 22.7% in the same period of 2021. Net income attributable to stockholders of the parent increased by 8.1% to NT$ 9.68 billion. Basic earnings per share was NT$1.25.
Cash Flow and EBITDA
Cash flow from operating activities for the first half of 2022 decreased by 0.9% year over year to NT$ 27.43 billion, mainly due to income tax payments owing to an increase of net income.
Cash and cash equivalents, as of June 30th, 2022, increased by 68.9% to NT$ 54.28 billion as compared to that as of June 30th, 2021. The increase was primarily attributable to the issuance of sustainability bonds which supports the Company's investments in green energy projects to enhance its energy efficiency and the network deployment in remote areas for social good.
EBITDA for the second quarter of 2022 increased by 5.5% to NT$ 21.97 billion. EBITDA margin was 41.90%, as compared to 41.99% in the same period of 2021.
Business Highlights
Mobile
As of June 30th, 2022, Chunghwa Telecom had 12.23 million mobile subscribers, representing a 6.4% year-over-year increase. Total mobile service revenue increased by 6.1% to NT$ 15.20 billion, while mobile post-paid ARPU excluding IoT SIMs grew 4% year over year to NT$ 524.
Fixed Broadband/HiNet
As of June 30th, 2022, the number of broadband subscribers slightly increased by 0.2% to 4.37 million. The number of HiNet broadband subscribers increased by 1% to 3.64 million. Total fixed broadband revenue grew 3.6% year over year to NT$ 10.59 billion, while ARPU increased 3.1% to NT$ 765.
Fixed line
As of June 30th, 2022, the Company maintained its leading position in the fixed-line market, with a total of 9.53 million subscribers.
Financial Statements
Financial statements and additional operational data can be found on the Company's website at http://www.cht.com.tw/en/home/cht/investors/financials/quarterly-earnings
NOTE CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements. These statements constitute "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, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about Chunghwa's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Investors are cautioned that actual events and results could differ materially from those statements as a result of a number of factors including, but not limited to the risks outlined in Chunghwa's filings with the U.S. Securities and Exchange Commission on Forms F-1, F-3, 6-K and 20-F, in each case as amended. The forward-looking statements in this press release reflect the current belief of Chunghwa as of the date of this press release and Chunghwa undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such date, except as required under applicable law.
This press release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or selling security holder and that will contain detailed information about the company and management, as well as financial statements.
NON-GAAP FINANCIAL MEASURES
To supplement the Company's consolidated financial statements presented in accordance with International Financial Reporting Standards pursuant to the requirements of the Financial Supervisory Commission, or T-IFRSs, Chunghwa Telecom also provides EBITDA, which is a "non-GAAP financial measure". EBITDA is defined as consolidated net income (loss) excluding (i) depreciation and amortization, (ii) total net comprehensive financing cost (which is comprised of net interest expense, exchange gain or loss, monetary position gain or loss and other financing costs and derivative transactions), (iii) other income, net, (iv) income tax, (v) (income) loss from discontinued operations.
In managing the Company's business, Chunghwa Telecom relies on EBITDA as a means of assessing its operating performance because it excludes the effect of (i) depreciation and amortization, which represents a non-cash charge to earnings, (ii) certain financing costs, which are significantly affected by external factors, including interest rates, foreign currency exchange rates and inflation rates, which have little or no bearing on our operating performance, (iii) income tax (iv) other expenses or income not related to the operation of the business.
CAUTIONS ON USE OF NON-GAAP FINANCIAL MEASURES
In addition to the consolidated financial results prepared under T-IFRSs, Chunghwa Telecom also provide non-GAAP financial measures, including "EBITDA". The Company believes that the non-GAAP financial measures provide investors with another method for assessing its operating results in a manner that is focused on the performance of its ongoing operations.
Chunghwa Telecom's management believes investors will benefit from greater transparency in referring to these non-GAAP financial measures when assessing the Company's operating results, as well as when forecasting and analyzing future periods. However, the Company recognizes that:
- these non-GAAP financial measures are limited in their usefulness and should be considered only as a supplement to the Company's T-IFRSs financial measures;
- these non-GAAP financial measures should not be considered in isolation from, or as a substitute for, the Company's T-IFRSs financial measures;
- these non-GAAP financial measures should not be considered to be superior to the Company's T-IFRSs financial measures; and
- these non-GAAP financial measures were not prepared in accordance with T-IFRSs and investors should not assume that the non-GAAP financial measures presented in this earnings release were prepared under a comprehensive set of rules or principle.
Further, these non-GAAP financial measures may be unique to Chunghwa Telecom, as they may be different from non-GAAP financial measures used by other companies. As such, this presentation of non-GAAP financial measures may not enhance the comparability of the Company's results to the results of other companies. Readers are cautioned not to view non-GAAP results as a substitute for results under T-IFRSs, or as being comparable to results reported or forecasted by other companies.
About Chunghwa Telecom
Chunghwa Telecom (TAIEX 2412, NYSE: CHT) ("Chunghwa" or "the Company") is Taiwan's largest integrated telecommunications services company that provides fixed-line, mobile, broadband, and internet services. The Company also provides information and communication technology services to corporate customers with its big data, information security, cloud computing and IDC capabilities, and is expanding its business into innovative technology services such as IoT, AI, etc. In recent years, Chunghwa has been actively involved in corporate social responsibility and has won domestic and international awards and recognition. For more information, please visit our website at www.cht.com.tw
Contact: Angela Tsai
Phone: +886 2 2344 5488
Email: chtir@cht.com.tw
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SOURCE Chunghwa Telecom | https://www.mysuncoast.com/prnewswire/2022/07/29/chunghwa-telecom-reports-un-audited-consolidated-operating-results-second-quarter-2022/ | 2022-07-29T09:51:00Z |
NEW YORK (AP) — Philip Baker Hall, the prolific character actor of film and theater who starred in Paul Thomas Anderson’s first movies and who memorably hunted down a long-overdue library book in “Seinfeld,” has died. He was 90.
Holly Wolfle Hall, the actor’s wife of nearly 40 years, on Monday said Hall died Sunday surrounded by loved ones in Glendale, California. She said Hall had been well until a few weeks earlier, and spent his final days in warm spirits, reflecting on his life.
“His voice at the end was still just as powerful,” said Wolfle Hall. Her husband, she added, never retired from acting.
In a career spanning half a century, Hall was a ubiquitous hangdog face whose doleful, weary appearance could shroud a booming intensity and humble sensitivity. His range was wide, but Hall, who had a natural gravitas, often played men in suits, trench coats and lab coats.
“Men who are highly stressed, older men, who are at the limit of their tolerance for suffering and stress and pain,” Hall told the Washington Post in 2017. “I had an affinity for playing those roles.”
Born in Toledo, Ohio, Hall initially devoted himself more to theater in Los Angeles, after moving out in 1975, than TV and movies. While shooting bit parts in Hollywood (an episode of “Good Times” was one of his first gigs), Hall worked with the L.A. Actor Theatre. There he played Richard Nixon in the one-act play “Secret Honor,” a role he reprised in Robert Altman’s 1984 film adaptation. Critic Pauline Kael wrote that Hall “draws on his lack of a star presence and on an actor’s fears of his own mediocrity in a way that seems to parallel Nixon’s feelings.”
Hall made an impression in the smallest of roles in other films, like 1988’s “Midnight Run.” But outside of theater, Hall was mostly doing guest roles in television. That changed when he was shooting a PBS program in 1992. Hall then encountered a production assistant in his early 20s named Paul Thomas Anderson. The two would hang out, smoking cigarettes and drinking coffee between scenes. Anderson, believing Hall hadn’t gotten his due in film, asked him to look at a script he had written for a 20-minute short film titled “Cigarettes & Coffee.”
“I’m reading this script, and I truly had trouble believing that that kid wrote this script,” Hall told the AV Club in 2012. “I mean, it was just so brilliant, resonating with nuance all over the place, like a playwright. Certainly, as a film, I’d never really seen anything like it. It was staggering.”
After the $20,000 short made it into the Sundance Film Festival, Anderson expanded it into his feature debut, 1997’s “Hard Eight,” which catapulted Hall’s career. In it, Hall played a wise and courteous itinerate gambler named Sydney who schools a young drifter (John C. Reilly) on the craft. In one indelible scene, Philip Seymour Hoffman’s first with Anderson, a hot-shot gambler chides Hall as “old-timer.”
Anderson would cast Hall again as adult film theater magnate Floyd Gondolli who warns Burt Reynolds’ pornography producer about the industry’s future in “Boogie Nights.” In Anderson’s “Magnolia,” Hall played Jimmy Gator, the host of a kids game show.
“I have a particular fascination with character actors, with wanting to turn them into lead actors,” Anderson told The Los Angeles Times in 1998. “I see Philip Baker Hall, he’s just . . . an actor that I love. There’s no one else with a face like that, or a voice like that.”
To many, Hall was instantly recognizable for one of the most powerfully funny guest appearances on “Seinfeld.” In the 22nd episode of the sitcom in 1991, Hall played Lt. Joe Bookman, the library investigator who comes after Seinfeld for a years-overdue copy of “Tropic of Cancer.” Hall played him like a hardboiled noir detective, telling Seinfeld: “Well, I got a flash for ya, Joy-boy: Party time is over.”
Hall was brought back for the “Seinfeld” finale and by Larry David on “Curb Your Enthusiasm.” David once said no other actor ever made him laugh more than Hall.
Among Hall’s many other credits were Michael Mann’s “The Insider,” as “60 Minutes” producer Don Hewitt, and Lars von Trier’s “Dogville.” Hall appeared in “Say Anything,” “The Truman Show,” “The Talented Mr. Ripley,” “Zodiac,” “Argo” and “Rush Hour.” Hall played the neighbor Walt Kleezak on “Modern Family.” His last performance was in the 2020 series “Messiah.”
Hall, who was married to Dianne Lewis for three years in the early 1970s, is survived by his wife, four daughters, four grandchildren and his brother. | https://cw33.com/entertainment-news/ap-entertainment/philip-baker-hall-of-hard-eight-seinfeld-dies-at-90/ | 2022-06-14T06:55:01Z |
Oklahoma House to vote on inflation relief bills on Wednesday
ARDMORE, Okla. (KXII) - In a special session, Oklahoma House Republicans began introducing several bills designed to help Oklahomans deal with inflation on Monday.
15 inflation relief bills were proposed, tackling everything from personal income tax, business taxes, to grocery taxes.
Some of the bills would be in place for just a few years, while others are designed to be permanent.
House speaker Charles McCall from Atoka said lawmakers can feel the struggle Oklahomans are facing financially, and they want to help.
If the state-level grocery tax bill passes, consumers wouldn’t have to pay 9 dollars for a 200 dollar grocery list.
“At the grocery store, that’s where we hear a lot of people across the state saying ‘This is where we’re feeling it the most. its on milk its on bread its on eggs, its on meat.’” McCall said.
The grocery tax bills would only eliminate taxes from specified grocery items, whereas the income tax bills would give Oklahomans money back, letting them choose how to spend it.
“Our state is experiencing a historical high surpluses, we believe we have the money to give back to people in the form of this relief,” McCall said.
Representative Tammy Townley from Ardmore said she’s not a fan of house bill 10-13, because it would eliminate local grocery taxes too. On Facebook, she said while taking away the state’s portion of the grocery tax is a good idea, the local tax is necessary so counties and cities can fund first responders and roads and bridges.
Other proposals would reduce the budget for the governor’s office and two other state departments. The house will vote on the bills Wednesday.
Copyright 2022 KXII. All rights reserved. | https://www.kxii.com/2022/06/15/oklahoma-house-vote-inflation-relief-bills-wednesday/ | 2022-06-15T16:11:21Z |
PITTSBURGH, Sept. 16, 2022 /PRNewswire/ -- "I needed a way to keep my grandchildren safely seated during my wedding," said an inventor, from Baltimore, Md., "so I invented the HUGGIE VEST. My design prevents little children from running around during dinner or other special occasions and it eliminates the need for parents to contain them every second."
The invention provides an effective way to support and secure a young child in any chair with a back. In doing so, it prevents the child from getting up and running around. As a result, it enhances safety and convenience and it offers an alternative to holding the child on your lap. The invention features a practical design that is easy to use so it is ideal for households, restaurants, special events, etc. Additionally, it is producible in design variations and a prototype is available.
The original design was submitted to the Baltimore sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 21-BTM-2782, 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.kxii.com/prnewswire/2022/09/16/inventhelp-inventor-develops-safe-child-restraint-dining-chairs-btm-2782/ | 2022-09-16T15:18:37Z |
CHARLOTTE, N.C., Sept. 8, 2022 /PRNewswire/ -- Susan G. Komen®, the world's leading breast cancer organization, will host the inaugural MORE THAN PINK Walk to raise critical funds that support breast cancer patients and the patient navigation program in the area. Charlotte is one of only a few cities in the U.S. with a patient navigator and this event will continue to fund the critical work that this team does. The Walk will be held on October 8, 2022, at Uptown Charlotte.
"We look forward to creating a community for anyone impacted by breast cancer as we gather, in person, for this year's Walk. Funds raised from the MORE THAN PINK Walk will further our ability to meet the needs of patients by supporting Komen's Patient Care Center's Breast Care Helpline, Financial Assistance and Patient Navigation programs, and improve outcomes for all patients," said, Kimberly Burrows, State Executive Director at Susan G. Komen.
Komen is pleased to welcome both new and returning sponsors this year: Bank of America, Walgreens, Pink Energy, WJZY, Audi Charlotte, iHeart Radio, Principal Financial Group, Blue Cross Blue Shield North Carolina, Novant Health, Chicago Pneumatic Tool Company, Charlotte Pediatric Dentistry, Norsan Media, DASH, and Carolina CAT Rental.
Participants can expect to enjoy the following at the Walk:
- Pre-walk warm up from Burn Bootcamp
- Pillar tents with activations from various sponsors on-site
- Survivor parade with recognition of MBC thrivers and breast cancer survivors
- Family Fun Zone with activities for all ages sponsored by Charlotte Pediatric Dentistry
- Hope Village, a place for survivors and those living with metastatic breast cancer to gather
Komen MORE THAN PINK Walk
UPTOWN CHARLOTTE
CHARLOTTE, NORTH CAROLINA
OCTOBER 8, 2022
7:00 AM EVENT OPENS
8:30 AM OPENING CEREMONY
9:00 AM WALK
Register Online
Komen.org/CharlotteWalk
Susan G. Komen® is the world's leading nonprofit breast cancer organization, working to save lives and end breast cancer forever. Komen has an unmatched, comprehensive 360-degree approach to fighting this disease across all fronts and supporting millions of people in the U.S. and in countries worldwide. We advocate for patients, drive research breakthroughs, improve access to high-quality care, offer direct patient support and empower people with trustworthy information. Founded by Nancy G. Brinker, who promised her sister, Susan G. Komen, that she would end the disease that claimed Suzy's life, Komen remains committed to supporting those affected by breast cancer today, while tirelessly searching for tomorrow's cures. Visit komen.org or call 1-877 GO KOMEN. Connect with us on social at www.komen.org/contact-us/follow-us/.
CONTACT: Camille Smith
Susan G. Komen
972-855-1688
csmith@komen.com
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SOURCE Susan G. Komen for the Cure | https://www.kxii.com/prnewswire/2022/09/08/susan-g-komen-more-than-pink-walk-raises-money-breast-cancer-patient-care-services-charlotte/ | 2022-09-08T16:50:53Z |
JP Knapp joins as VP of Sales, while Justin Widlund Joins as General Counsel
SANTA BARBARA, Calif., July 1, 2022 /PRNewswire/ -- Well Health Inc., a SaaS digital health leader in patient communications and 2021 and 2022 Best in KLAS winner in Patient Outreach, today welcomed JP Knapp as VP of Sales and Justin Widlund as General Counsel. Both are seasoned leaders whose experience will continue to guide WELL Health through a period of rapid growth on its mission to transform healthcare into the number one industry for customer service.
The new leaders join WELL Health on the heels of several significant health system wins in recent months. WELL Health also recently announced a $32 million investment in R&D this fiscal year to fuel product expansion, bring on new leaders to guide innovation and expand workflows to improve the patient experience. In the past 90 days, WELL Health also attracted top leaders across the SaaS and healthcare sectors with the welcoming of Ashu Agte, SVP of Engineering, and Sarah Shillington, SVP of Customer Experience.
Knapp has more than 20 years of experience as a rapid-growth sales executive, with a deep passion for scaling enterprise healthcare IT sales teams. Knapp joins WELL Health from Vocera Communications, where he held escalating sales leadership roles during the company's journey from pre-IPO, NYSE listing, and acquisition. At WELL Health he will oversee all aspects of the sales organization, including the annual sales plan and the direct selling team, to fuel the continued growth of the company. In his leadership role, Knapp will build strong partnerships with WELL Health's customers and tap into his passion for helping healthcare executives solve their most pressing challenges. Knapp is based in Charlotte, N.C., and will report to WELL Health's Chief Revenue Officer, John Knotwell.
Widlund brings more than 17 years of legal experience advising various startups and large-enterprise companies in the Silicon Valley and Pacific Northwest, including Freshworks, Microsoft, Apigee (acquired by Google), and NetSuite (acquired by Oracle). As General Counsel at WELL Health, Widlund will lead the legal function, and leverage his deep expertise to guide WELL Health's continued growth as a late-stage startup in the burgeoning digital health marketplace. Widlund is based in Seattle, and will report to WELL Health's Chief Financial Officer, Tom McIntyre.
"JP and Justin are highly experienced leaders," said Guillaume de Zwirek, CEO and Founder of WELL Health. "Having them join WELL Health accelerates our growth curve and brings the right expertise onboard to meet our business needs."
Founded in 2015, WELL Health enables conversations between patients and their providers through secure messaging in the patient's preferred communications channel, mainly SMS/texting, and in their preferred language. WELL Health integrates with the hospital's EHR/EMR, current patient portals, and other software to maximize the IT investments already made by the provider.
WELL Health was recently named Best in KLAS in "Patient Outreach'' for the second consecutive year (2021 & 2022). For more information, visit https://wellapp.com/well-best-in-klas/.
WELL® Health is a SaaS digital health leader in patient communications and the 2021 and 2022 Best in KLAS winner in Patient Outreach. WELL Health's intelligent communications hub is the only two-way digital health solution engaging patients throughout their entire care experience. WELL Health enables conversations between patients and their providers through secure, multilingual messaging in the patient's preferred communications channel: texting, email and telephone. WELL Health helps 400 healthcare organizations facilitate more than 1.1 billion messages for 40 million patients annually. By unifying and automating disjointed communications across healthcare organizations, WELL Health reduces unnecessary provider stress and potential errors, while increasing patient visits and loyalty.
Founded in 2015, WELL Health is based in Santa Barbara, California. WELL Health has been named No. 10 on the 2021 Forbes America's Best Startup Employers list, No.133 fastest-growing company in North America on the 2021 Deloitte Technology Fast 500, and ranked on the Inc. 5000 list of fastest-growing private companies for two consecutive years.
For more information, visit https://wellapp.com.
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SOURCE Well Health Inc. | https://www.kxii.com/prnewswire/2022/07/01/well-health-adds-new-executives-drive-continued-growth/ | 2022-07-01T13:06:51Z |
Future liability releases at center of Boy Scouts bankruptcy
DOVER, Del. (AP) — Protecting local Boy Scouts of America councils and troop sponsoring organizations from future liability for child sex abuse claims is critical to the national group’s reorganization plan, BSA attorneys told a Delaware bankruptcy judge Tuesday.
Attorneys opposing the plan countered that liability releases for non-debtor third parties are neither fair nor necessary, and that they infringe on the rights of abuse survivors to seek compensation for their abuse.
The Boy Scouts, based in Irving, Texas, petitioned for bankruptcy protection in February 2020, seeking to halt hundreds of individual lawsuits and create a settlement trust for abuse victims. Although the organization faced about 275 lawsuits at the time, more than 82,000 sexual abuse claims have been filed in the bankruptcy case.
The reorganization plan calls for the Boys Scouts and its 250 local councils, along with settling insurance companies and troop sponsoring organizations, to contribute some $2.6 billion in cash and property and assign their insurance rights to a settlement trust fund for abuse victims. More than half that money would come from the BSA’s two largest insurers, Century Indemnity Co. and The Hartford. Those companies would contribute $800 million and $787 million, respectively.
In exchange, the parties contributing to the settlement trust would be released from further liability for sexual abuse claims dating back decades.
The local BSA councils are not debtors in the bankruptcy, but Boy Scouts attorney Jessica Lauria argued that they are inextricably intertwined with the national organization and deserve to be protected from future lawsuits in exchange for contributing to the compensation fund.
“There can be no doubt that there is an identity of interests, and frankly an extreme interconnectedness, between the local councils and the national organization,” Lauria said. Sponsoring organizations similarly are closely tied to BSA and local councils and critical to their operations, she added.
Richard Mason, an attorney for the local councils, told Judge Laura Selber Silverstein that without the liability releases, the compensation fund “basically evaporates.”
Absent approval of the BSA’s plan, the local councils would face “massive litigation” and would be forced to seek bankruptcy protection themselves, endangering the future of Scouting and the ability of abuse survivors to obtain compensation, Mason added.
But opponents questioned why the liability releases for local councils and sponsoring organization are needed in order for the BSA to emerge from bankruptcy. They noted that the Boy Scouts proposed a plan last year under which the settlement trust would be funded only by the national organization, and only for claims made against it. Under that plan, the councils and local sponsoring organizations would make no contribution and would have no protection from liability for abuse claims.
“Debtors said that was workable, feasible,” Silverstein noted. “So why is it necessary to have this elaborate, interconnected, intertwined plan for the Boy Scouts?”
Lauria replied that “BSA-only plan” may have been feasible when first proposed, but that it was never “optimal.” She also noted that the BSA has spent some $100 million more on professional fees in the bankruptcy since then and can’t afford to fund a settlement trust on its own at this point.
Edwin Caldie, an attorney representing scores of alleged abuse victims in Guam, argued that the BSA’s current plan unfairly strips them of their rights to pursue abuse claims against Catholic church officials.
The Guam group includes creditors with claims against the Archdiocese of Agana, which sought bankruptcy protection in 2019 amid a flood of child sex abuse claims. Many of those claims involve the late priest Louis Brouillard, who was also a BSA Scoutmaster and who was accused of molesting more than 100 children.
The BSA plan would channel claims against the Guam diocese into the proposed BSA settlement trust without the consent of survivors and unfairly deprive them of the ability to pursue BSA insurance policies, Caldie said.
Caldie accused the settling insurers of using “extortionist” tactics in negotiations with the Boy Scouts to obtain liability releases to which they would not be entitled under the policies they issued.
He also rejected the notion that a relatively small number of survivors should not be allowed to interfere with approval of a reorganization plan supported by tens of thousands of other claimants.
“From a common sense perspective, the BSA made a decision to shun and silence survivors of child sexual assault for decades and did not report their perpetrators for decades,” Caldie said. “.... The Guam survivors are not terribly comfortable with ‘greater good’ arguments now, especially made buy the BSA.”
Closing arguments on whether the judge should approve the BSA plan are expected to conclude Wednesday.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/04/13/future-liability-releases-center-boy-scouts-bankruptcy/ | 2022-04-13T06:19:26Z |
NEW YORK, June 1, 2022 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, today announced the appointment of Neil Bansal as Executive Vice President and Chief Strategy & Transformation Officer, effective today. Bansal joins Foot Locker, Inc. from Constellation Brands, where he served as Senior Vice President, Strategy, Insights & Analytics, bringing over 20 years of global experience leading end-to-end corporate strategy and development, transformation, innovation, and digital/data/analytics across consumer and retail businesses.
Bansal will report directly to Richard Johnson, Chairman and Chief Executive Officer, and oversee Foot Locker, Inc.'s global transformation strategy, driving organizational outcomes with a relentless focus on the customer, growth, and innovation.
"We are pleased to welcome Neil as Foot Locker, Inc.'s first Chief Strategy & Transformation Officer," said Johnson. "Neil has an exceptional track record of successfully accelerating revenue growth, and profitability by focusing on strategy, innovation, corporate development, and digital transformation."
"Neil's fresh perspective and deep experience will further accelerate our consumer-led strategies as we continue to expand our customer base and delight them with a broader and richer product offering and diversify our business across brands, categories, and channels. He's a tremendous addition to our dynamic and diverse leadership team with keen insight and a growth mindset that complements our already high-performing operation."
Bansal said, "I am thrilled to join Foot Locker, Inc., and I look forward to working closely with Dick and the executive leadership team to help shape the Company's future and fuel the next wave of growth and innovation. Together, we are committed to driving and evolving the business against a dynamic backdrop as we continue to meet our customers' demand for choice."
Prior to his role at Constellation Brands, Neil held roles at leading companies including McKinsey & Company, BNP Paribas, JP Morgan Chase, Citigroup, and Bank of America. He has an MBA from the University of Chicago Booth School of Business and a BA in Economics from Brown University.
Foot Locker, Inc. leads the celebration of sneaker and youth culture around the globe through a portfolio of brands, including Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, atmos, WSS, and Sidestep. With approximately 2,800 retail stores in 28 countries across North America, Europe, Asia, Australia, and New Zealand as well as websites and mobile apps, the Company's purpose is to inspire and empower youth culture around the world, by fueling a shared passion for self-expression and creating unrivaled experiences at the heart of the global sneaker community. Foot Locker, Inc. has its corporate headquarters in New York. For additional information please visit footlocker-inc.com.
Investor Contact:
Robert Higginbotham
Vice President, Investor Relations
robert.higginbotham@footlocker.com
(212) 720-4600
Media Contact:
Cara Tocci
Vice President, Corporate Communications
cara.tocci@footlocker.com
(914) 582-0304
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SOURCE Foot Locker IR | https://www.kxii.com/prnewswire/2022/06/01/foot-locker-inc-appoints-neil-bansal-executive-vice-president-chief-strategy-amp-transformation-officer/ | 2022-06-01T12:03:50Z |
‘He was hardly breathing’: Disabled veteran says his support dog was attacked with an arrow
OAK GROVE, Ala. (WBRC/Gray News) - Billy Morris was out feeding his chickens Monday on his mini farm in Oak Grove, Alabama, when he noticed his dog Cotton slowly walking up to him.
“When he turned broadside, I noticed that’s when he had an object sticking out of his side,” Morris said.
An arrow was sticking out of Cotton, a Great Pyrenees who is about 4 years old. Morris told WBRC he believes someone did this to his dog on purpose.
“He was hardly breathing. He actually laid down at my feet and, in that moment, I knew he was in serious trouble,” Morris said.
Morris, a disabled veteran, used his military training to help his four-legged friend, who’s also his support dog. He wrapped him up and rushed him to the vet.
“I was afraid I was going to lose my dog,” he said. “I actually had to start breathing mouth to muzzle on the way to the veterinary clinic. He was less than 20% breathing capacity. I was practically breathing for him.”
Cotton suffered from collapsed lungs according to Morris. Luckily, the vet’s office was able to help him, and he’s now recovering.
Morris said he can’t believe someone would hurt his dog.
“Just knowing somebody is mentally unstable in that capacity and just demented to do something like that,” Morris said.
Morris is going through a lot right now, not only dealing with his military trauma but also going through a divorce. Cotton has been his buddy through it all.
“When my son’s not here, it’s just me and him,” he said. “He follows me around the farm here. I just enjoy his company. He’s part of the family.”
Morris said Cotton roams the neighborhood and is a friendly dog.
The Jefferson County Sheriff’s Office is looking into the situation. Morris said something similar happened to one of his neighbor’s dogs. He wants the person responsible to be held accountable.
Copyright 2022 WBRC via Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/05/18/he-was-hardly-breathing-disabled-veteran-says-his-support-dog-was-attacked-with-an-arrow/ | 2022-05-18T21:18:22Z |
DALLAS, Sept. 6, 2022 /PRNewswire/ -- Trailblazing global immigration firm BAL has been named one of the Best Places to Work by the Dallas Business Journal. The DBJ honored BAL as one of only 30 companies among 300 nominated Dallas employers to score the highest on an employee survey administered by a third party.
BAL received the honor in the DBJ's "extra large" size category, for companies with 500 or more employees. BAL's Richardson headquarters and Center of Excellence serves as home base for 886 of BAL's 1,500 employees and provides the administrative hub for the firm's coast-to-coast offices.
"We have achieved incredible results for thousands of companies and their employees because of the amazing team members that make up BAL," said Managing Partner Jeremy Fudge. "The only way to attract and retain game-changing talent is by building a workplace that encourages teamwork, a growth mindset, and innovation. Our team recognizes all the ways in which BAL is a truly special place and ensure our oneBAL culture is lived out every day."
BAL employees appreciate the firm's laid-back, nontraditional culture and access to leadership. The firm inspires employees to grow professionally through mentorship and leadership development opportunities while providing the flexibility needed to balance demands outside of work. Much-appreciated employee benefits include unlimited vacation, hybrid work schedules, and affinity groups to share common challenges and triumphs.
"The pandemic and renewed focus on equity taught us all valuable lessons, personally and professionally. It changed how we all live and what Americans expect in their workplace," said BAL Partner Frieda Garcia. "In order for us to take care of our clients, we must take care of our employees. The past few years brought unprecedented external pressure upon us, but our ability to quickly adapt and change the ways in which we support our staff allowed us to continue to have a culture that collaborates, works hard and has fun as we provide exceptional service to our clients."
BAL will be recognized at an awards lunch on Oct. 20 at 11:00 a.m. CT at the Renaissance Legacy West Hotel and in the DBJ's Oct. 28 issue.
BAL, the world's leading corporate immigration law firm, is singularly focused on meeting the immigration challenges of corporate clients around the world in ways that make immigration more strategic and enable businesses to be more successful. Established in 1980, BAL has consistently provided immigration expertise, people-centered client services, and leading technology innovation. In 2018, BAL entered into a first-of-its-kind strategic alliance with Deloitte U.K. to create the world's first global immigration service delivery model.
BAL's proprietary Cobalt® digital immigration services platform won the 2020 CODiE Award for Best Legal Tech Product, the prestigious CIO100 award for Innovative Use of Intelligent Automation in Immigration Services, and Legalweek's Most Innovative Law Firm Operations Team of 2021. BAL and its leaders are highly ranked in every major legal publication, including Best Lawyers, Chambers and Partners, The Legal 500, and Who's Who Legal. BAL has ranked #1 on multiple industry rankings for diversity, equity and inclusion, including the #1 Law Firm for Women on the National Law Journal's Women in Law Scorecard the past four years in a row (2019-2022), #1 on the Diversity Scorecard by The American Lawyer (2020 and 2021), and #1 on Law360's Diversity Snapshot for three years running (2020-2022). In 2022, BAL won the "Best Company for Diversity," the "Best HR Team" and the "Best Company for Career Growth" by Comparably, based solely on employee ratings. See website for details: https://www.bal.com
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SOURCE Berry Appleman & Leiden LLP | https://www.kxii.com/prnewswire/2022/09/06/immigration-firm-bal-named-best-place-work-by-dallas-business-journal/ | 2022-09-06T19:03:26Z |
ARLINGTON, Texas (AP) — New Big 12 Commissioner Brett Yormark is learning the NCAA’s issues in real time and during a period of sweeping change and uncertainty.
While Monday is Yormark’s first day working full-time out of the Big 12 office, leaving behind Jay-Z’s Roc Nation, the ex-CEO of the NBA’s Brooklyn Nets has been steadily involved in conference matters since landing his first job in college athletics.
He was named the Big 12’s new leader on June 29. A day later, conference realignment became a pressing issue again when Southern California and UCLA said they would be leaving the Pac-12 in 2024 to join the Big Ten.
Beyond that, Yormark has to get familiar with name, image and likeness compensation for athletes, the transfer portal, FBS conferences potentially splitting from the NCAA with their own governance structure for football, and the future of the College Football Playoff.
“One of his best qualities is he doesn’t pretend to know what he doesn’t know … He asks a lot of questions, and listens,” Baylor athletic director Mack Rhoades said of Yormark. “He hasn’t been in the industry, so he’s got to absorb all of that, which is, just under normal circumstances, difficult. But then throw on top of that conference realignment part two.”
When asked during his introduction at Big 12 football media days in mid-July if there were active talks with any Pac-12 schools, Yormark said his league was “open for business” and exploring all options for the future — but gave no specific details.
Pac-12 Commissioner George Kliavkoff expressed frustration Friday, saying he has spent the past month “trying to defend against grenades being lobbed in from every corner of the Big 12 trying to destabilize our remaining conference.” He also said his league intends to keep its current members and entertain new additions.
The Big 12 is going through another transition in membership, and its media rights deal with ESPN and Fox Sports expires after the 2024-25 academic year. While Oklahoma and Texas are set to leave for the Southeastern Conference no later than the 2025 season, four new schools will join the Big 12 next summer.
Yormark brings an outside perspective to what has been a resilient conference, as well as a background in building brands.
Before joining Roc Nation in 2019, where he was chief operating officer on the commercial side of the business, Yormark spent almost 15 years with the Nets, overseeing the club’s move from New Jersey and construction of the Barclays Center. He previously worked for NASCAR, where he oversaw a $750 million agreement with Nextel Communications for naming rights to the circuit’s top racing series.
Yormark said he pledged the Big 12 board of directors that he would ensure the league would be “bold and humble, aggressive and thoughtful, and innovative and creative” in growing its brand and business — and becoming a bit more contemporary.
“One thing is crystal clear. There is no higher priority than to best position the Big 12 for its upcoming multimedia rights negotiations,” Yormark said. “Everything we do must create momentum for these negotiations, as well as building the value of the Big 12 brand and business.”
When the Big 12’s only football national champions leave, the league will have only half of its original 12 members. Nebraska left for the Big Ten and Colorado went to the Pac-12 in 2011. Texas A&M and Missouri joined the SEC the following season.
The Big 12 added TCU and West Virginia in 2012, the same year Bob Bowlsby became commissioner. The 70-year-old decided earlier this year that he was ready to step out of that role.
Within weeks of the Sooners and Longhorns getting invitations from the SEC last summer, the Big 12 approved membership for football independent BYU and American Athletic Conference schools Cincinnati, Houston and Central Florida.
Yormark plans to visit all 14 campuses in the coming months, including the four schools that will join next summer, as well as departing Oklahoma and Texas.
“He’s the perfect guy for us right now,” TCU athletic director Jeremiah Donati said. “He’s going to be aggressive, he’s going to be bold. He’s not going to apologize for it. … We’ve got to just stand behind him and let him do his thing and continue to put us in the best possible positions as we can.”
___
More AP college football: https://apnews.com/hub/college-football and https://twitter.com/AP_Top25 | https://cw33.com/sports/ap-sports/big-12s-new-boss-yormark-learning-ncaa-issues-in-real-time/ | 2022-08-01T16:09:52Z |
Justices hear fight over asylum-seekers waiting in Mexico
WASHINGTON (AP) — The Biden administration is seeking the Supreme Court’s go-ahead to end a controversial Trump-era immigration program that forces some people seeking asylum in the U.S. to wait in Mexico for their hearings.
The justices are hearing arguments Tuesday in the administration’s appeal of lower-court rulings that required immigration officials to reinstate the “Remain in Mexico” policy that the administration “has twice determined is not in the interests of the United States,” according to court filings.
Texas and Missouri, which sued to keep the program in place, said it has helped reduce the flow of people into the U.S. at the southern border. “Many raise meritless immigration claims, including asylum claims, in the hope that they will be released into the United States,” the states told the Supreme Court in a filing.
About 70,000 people were enrolled in the program, formally known as Migrant Protection Protocols, after President Donald Trump launched it in 2019 and made it a centerpiece of efforts to deter asylum-seekers.
President Joe Biden suspended it on his first day in office and Homeland Security Secretary Alejandro Mayorkas ended it in June 2021. In October, DHS produced additional justifications for the policy’s demise, to no avail in the courts.
The program resumed in December, but barely 3,000 migrants had enrolled by the end of March, during a period when authorities stopped migrants about 700,000 times at the border.
The heart of the legal fight is whether the program is discretionary and can be ended, as the administration argues, or is essentially the only way to comply with what the states say is a congressional command not to release the immigrants at issue in the case into the United States.
Without adequate detention facilities in the U.S., Texas and Missouri argue that the administration’s only option is to make the immigrants wait in Mexico until their asylum hearings.
The two sides separately disagree about whether the way the administration went about ending the policy complies with a federal law that compels agencies to follow rules and spell out reasons for their actions.
Those being forced to wait in Mexico widely say they are terrified in dangerous Mexican border cities and find it very hard to find lawyers to handle their asylum hearings.
Democratic-led states and progressive groups are on the administration’s side. Republican-led states and conservative groups have sided with Texas and Missouri. Those include the America First Legal Foundation, led by former Trump aides Stephen Miller and Mark Meadows.
As the court is weighing the asylum policy, the administration is expected to end another key Trump-era border policy that was put in place because of the coronavirus pandemic. It allows authorities to expel migrants without a chance to seek asylum. The decision to end Title 42 authority, named for a 1944 public health law, on May 23 is being legally challenged by 22 states and faces growing division within Biden’s Democratic Party.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/04/26/justices-hear-fight-over-asylum-seekers-waiting-mexico/ | 2022-04-26T12:38:51Z |
NEW YORK, June 9, 2022 /PRNewswire/ -- Wonder Media Network, a women-founded, mission-driven podcast network, today announced the launch of its first-ever true-crime podcast, "I Was Never There." In this 8-part series, which premiered at the Tribeca Festival today as part of their audio storytelling program, hosts and mother-daughter duo Jamie and Karen Zelermyer take a fresh look into the cold-case disappearance of their close friend Marsha "Mudd" Ferber. The investigation extends beyond Marsha, taking listeners on an intimate trip into the stories of those who contributed to the counter cultures and political movements swirling through West Virginia in the 1960s, 70s, and 80s.
On April 25, 1988, the 47-year-old mother of two disappeared without a trace. The investigation sparked multiple theories but no definitive explanations. Through current and archival interviews with Marsha's friends, neighbors, musicians, co-workers, and law enforcement, Jamie and Karen try to solve the mystery while also embarking on a personal journey through Marsha's life as a back-to-the-land hippie, commune leader, pot-dealing outlaw, bar owner, and promoter of the 80s rock music scene.
"At WMN, we aim to tell stories from perspectives too often left out of the mainstream. This story instantly transfixed us and is a unique take on the true-crime genre: our central figure is a complex, older, female figure and our hosts are a mother-daughter-duo. So the story we hear is not just about Marsha's disappearance, but about intergenerational feminism, a decades-long wrestling with female, queer, American identity…and so much more," said Shira Atkins, co-founder and CRO of Wonder Media Network.
The first three episodes of "I Was Never There" are available on all major podcast platforms on Thursday, June 9th.
Wonder Media Network is a pioneering audio-first media company that uses stories to inspire action, to promote equality and justice, and to introduce empathy into politics, business, and culture. Wonder Media Network (WMN) presents the stories we seldom hear and the perspectives we often miss. We dig into the narratives of people - particularly women - who are stepping up to enact change. WMN is a women's media company born out of a sense that gender parity in all segments of society is a value worth fighting for. We create original content, work with like-minded organizations and individuals to co-create content, and offer end-to-end production services to select clients for white-label projects. Interested in working with us? Don't hesitate to reach out.
Contact: Mackenzie Mills
Media Liaison
(702) 884-0496
Mackenzie@wondermedianetwork.com
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SOURCE Wonder Media Network | https://www.wibw.com/prnewswire/2022/06/09/wonder-media-network-announces-launch-tribeca-selected-true-crime-podcast-i-was-never-there-covering-perplexing-cold-case-disappearance-marsha-mudd-ferber/ | 2022-06-09T16:48:51Z |
(NewsNation) — U.S. marshals have just released age-progression images of convicts who escaped Alcatraz Island more than 60 years ago.
Over the years, speculation has mounted over whether or not the escaped prisoners are still alive. And now federal officials are asking citizens to be on the lookout.
Clarence Anglin, John Anglin and Frank Morris remain wanted fugitives for their June 11, 1962 escape from Alcatraz, where they were serving time for armed bank robberies.
Clarence Anglin | Credit: AP Re-aged image of Clarence Anglin | Credit: FBI
The three men spent more than a year organizing and planning their escape, setting up a secret workshop on top of their cells, as well as stockpiling the tools and resources needed to make the dangerous trek.
Frank Morris | Credit: AP Re-aged image of Frank Morris | Credit: FBI
After squeezing through a vent and scaling pipes that led to the prison roof, the trio traversed 100 feet across the rooftop and then carefully maneuvered down 50 feet of piping to the ground.
John Anglin | Credit: AP Re-aged image of John Anglin | Credit: FBI
After reaching the outer walls, they launched a makeshift raft of more than 50 raincoats in hopes of making it off the island. The following morning, guards awoke to find three detailed makeshift heads, made up of plaster, paint and real human hair in their cell beds.
The escape inspired the 1979 film “Escape From Alcatraz” starring Clint Eastwood.
The prison was immediately put into lockdown, but the convicts had already gained a 10-hour lead on investigators. Authorities worked for weeks to locate the inmates but found no sign of any evidence.
Federal officials later said that they believed the inmates had drowned.
Now, 60 years later, theories have tested whether or not that is true. A raft was recovered on a nearby island shortly after their escape, and there were accounts of a car being stolen the night of the disappearance.
In 2013, authorities received a handwritten letter by a man claiming to be John Anglin, asking for a light sentence in return for medical attention.
The letter forced U.S. marshals to reopen the case, and now, investigators hope the new re-aged images will help crack it. | https://cw33.com/news/nexstar-media-wire/new-evidence-in-60-year-old-alcatraz-prison-break/ | 2022-06-21T14:19:53Z |
Which Duralex glasses are best?
Established in 1945, Duralex is a French manufacturer of tempered glassware that’s capable of handling extreme temperatures without breaking. It was acquired in 2021 by International Cookware, creator of the internationally renowned Pyrex glassware and kitchenware.
Duralex produces many types of glasses, but its most popular ones are the Gigogne glass and the Picardie tumbler. The best Duralex glasses are those in the Duralex Picardie 18-Piece Clear Tempered Glass Drinkware and Tumbler Cup Set.
What to know before you buy Duralex glasses
Benefits of choosing Duralex
Here are the key benefits of using Duralex glasses and kitchenware:
- Made from tempered glass: Duralex uses tempered glass in its kitchenware. The process of creating these items results in much more durable, higher-quality glassware than what most brands produce.
- Resistant to impact: These glasses are also impact-resistant, meaning they don’t break or chip easily when dropped.
- Resistant to thermal shock: They’re capable of withstanding temperatures ranging from -4 to 212 degrees without shattering or cracking. They can even be moved directly from the freezer to the microwave without damaging them.
- More hygienic and easy to clean: The glasses are nonporous, meaning they don’t absorb odors or liquids. This makes them more hygienic. They’re also dishwasher-safe, meaning they’re easy to clean.
- Safer to use: Although they’re designed not to break easily, even Duralex glasses can shatter in extreme situations, such as when exposed to a strong shock. Unlike other glassware, they break into tiny pieces that are safer to clean up without worrying about cutting the skin.
- Easy to organize and store: Most Duralex kitchenware, including its glasses, are stackable, which is great for those with limited kitchen space.
Occasion
Duralex glasses have a classic, elegant design that makes them suitable for nearly any reason or occasion. They’re great for everyday use at home, as well as for entertaining guests. Plus, since they’re durable, they’re ideal for indoor or outdoor use, such as when hosting a backyard party. The colored glasses also have a more festive appearance, making them perfect for events such as:
- Graduation parties
- Birthdays
- Holidays
- Outdoor barbecues or grill sessions
Other Duralex kitchenware
Besides glass mugs and tumblers, Duralex also produces:
- Round and square storage solutions such as stackable bowls with lids
- Roasters and ramekins for baking
- Complete dinnerware sets for any occasion
What to look for in quality Duralex glasses
Drinkware lines
When it comes to drinkware, Duralex has 18 lines, including:
- Amalfi: These are stylish, practical and comfortable to hold.
- Bistro: Semi-casual glasses that have a casual dining aesthetic and are great for anything from juice to wine.
- Hexagon: Small tumblers with hexagonal patterns at the base.
- Picardie: Colored, opaque, frosted or clear tumblers.
- Spirale: Glasses with a unique spiral pattern.
- Wave: Clear tumblers with a textured wavelike pattern on the outside.
- Jazz: Lowball and highball tumblers with a vintage style and vertical ribs.
Color
Most Duralex glassware is transparent, but not all. Other options include frosted, green, red, blue, yellow, pink/purple, brown and matte black.
Many of the glasses for children are colored and have a more festive look. The more formal or semiformal glasses are usually clear or frosted.
Count
All Duralex tumblers and mugs are sold in sets. Most come with either four or six matching glasses. The same goes for the brand’s bowls, ramekins and storage containers. If you’re getting Duralex dinnerware, expect to find six- to 12-piece sets. These include dinner plates, dinner bowls and tumblers.
Sizes
Duralex glasses come in the following sizes:
- Tumblers: 2.5 to 19.75 ounces
- Mugs: 3.125 to 12.375 ounces
How much you can expect to spend on Duralex glasses
A set of four to six standard tumblers or mugs costs around $30, on average. Smaller glassware, such as 2 1/2-ounce Amalfi tumblers, costs $9-$20 for a set.
Duralex glasses FAQ
How do you remove water stains?
A. To remove water stains caused by the dishwasher, let the glass soak in warm soapy water for 20 or so minutes. Then, rinse it and let it air dry. For hard water stains, use 1/4 cup distilled vinegar and 1 cup warm water. Never use harsh chemicals or abrasive sponges or cloths.
Does Duralex have an exchange policy?
A. Yes, you can return or exchange any Duralex item within 30 days of receiving it. Provide the order number, item name and number and the reason for returning or exchanging it.
What are the best Duralex glasses to buy?
Top Duralex glasses
Duralex Picardie 18-Piece Clear Tempered Glass Drinkware and Tumbler Cup Set
What you need to know: With 18 durable, high-quality glasses, this complete drinkware set is enough to cover nearly anyone’s needs, whether they’re entertaining guests or serving the family.
What you’ll love: It includes six 8 3/4-ounce tumblers, six 16 7/8-ounce tumblers and six 12-ounce tumblers. Each item is nonporous, shock-resistant and safe for the microwave, dishwasher and freezer.
What you should consider: Although the glasses are stackable, this is a large set and can take up a lot of space in the cupboard.
Where to buy: Sold by Amazon
Top Duralex glasses for the money
Clear Picardie Tumbler Duralex Glasses
What you need to know: Available in eight sizes, this six-piece set of french tumblers has a classic design and is perfect for hosting small get-togethers.
What you’ll love: The sizes of these tumblers range from 3.25 to 17.62 ounces, depending on which set you choose. They’re made from tempered glass that is resistant to breaking or chipping and can withstand extreme temperatures.
What you should consider: Since it’s a smaller set, it’s not ideal for larger parties.
Where to buy: Sold by Amazon
Worth checking out
Duralex Gigogne Glass Tumbler Drinking Glasses — Set of Six
What you need to know: These small tumblers are perfect for the dinner table or small parties at home.
What you’ll love: Each tumbler is 5.75 ounces and can hold any type of beverage, hot or cold. They’re highly durable, comfortable to hold and hygienic. Plus, they’re dishwasher-safe and microwaveable.
What you should consider: They’re on the small side, so they’re not convenient for holding large amounts of liquid.
Where to buy: Sold by Amazon
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/best-duralex-glasses/ | 2022-08-01T23:23:07Z |
First Round's on Me (FROME) a brand new dating app geared towards helping singles connect in real life
LOS ANGELES, July 18, 2022 /PRNewswire/ -- New dating and social networking app, First Round's On Me (FROME), is now available for iOS and Android devices. Founded on the concept of bringing back real dating and driven by the pervasive need for in-person connection, FROME is an online dating app designed to get people off their phones and together in real life. With its unique feature offering discounts at some of LA's hottest bars, coffee shops and restaurants, FROME also helps users find the perfect date spot, and alleviate the stress (and awkwardness!) when it comes to the bill.
The inspiration behind the name First Round's On Me is a nod to a time when people met for the first time, by chance, in person. You'd see someone across the bar, go up to them and ask if you could buy them a drink. In today's online dating world, and especially during a global pandemic with exposure to social and professional interactions slowly coming back, this "natural" style of meeting rarely occurs. Over the years, singles have gravitated towards a digital dating experience — whether they like it or not. With its venue partnerships offers and prompts to actively set up dates, FROME helps facilitate the old school way of kismet experiences in dating through the comfort and safety of their home.
"I am proud to help humans connect and stop relying only on technology," says founder and CEO, Joe Feminella who was inspired to design FROME after years spent on dating apps that never resulted in actual in person dates. Disillusioned with a dearth of bland digital interactions and the endless swiping cycle, he was motivated to find a way to encourage people to put the phone down and set a date to get to know each other in person, how he believes people should get to know each other.
"The dating-app world is saturated, yet it consistently leaves people unsatisfied. The more time I spent swiping, the more I realized it wasn't an effective way to make a real connection. Technology has solved so many problems in today's world, but one thing it hasn't done and probably will never do, is help people fall in love. That needs to be done in person." says Feminella.
With an emphasis on both inclusivity and intimacy, FROME melds the ease of technology with the value of organic meetings: Instead of forcing users to rely on an app for a potentially infinite amount of time, it motivates them to get out in public and meet each other. Each time a user signs on, they have the option to select between one of two modes: Available Today (those free for a date tonight) and Available This Week (those who like to plan ahead). When a user finds someone they're interested in, they send an invitation for a time and place to meet for a drink. If the recipient accepts — it's date! The date is then added to their calendars, (one date per day, Romeo!). One of the app's unique features is a time-based chat made available six hours prior to the date, giving users some time to break the ice before meeting in person later that day. From there, the rest is up to them!
FROME is proud to be partnering with a number of Los Angeles bars and coffee spots, including The Bungalow, Cha Cha Matcha, Juneshine, Library Alehouse, Independence Bar and Bravo Toast. A premium version of the FROME app will be launched later in 2022 and is slated to hit other major U.S. cities including Miami, New York, Austin, Dallas, and Chicago, in the coming year.
For more information, visit firstroundsonme.co or follow us on Instagram @firstroundsonme
App Store: FROME
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SOURCE First Round's On Me | https://www.kxii.com/prnewswire/2022/07/18/frome-las-new-dating-app-is-aimed-bringing-back-real-dating/ | 2022-07-18T16:21:46Z |
10 Shelters Across the Country Awarded for their Efforts to Assist Dogs in Need and Help End Pet Homelessness
FRANKLIN, Tenn., July 20, 2022 /PRNewswire/ -- Today, PEDIGREE Foundation, in conjunction with the PEDIGREE® brand's Essential Support Dogs program, awarded $100K in Essential Support Dogs Safety Net grants to 10 shelters and organizations nationwide for their efforts in keeping people and pets together during hardships. These grants were awarded to shelters and organizations with programs that provide immediate assistance with temporary boarding or fostering, food costs or pet-friendly housing deposits. Organizations that focus on dogs with families needing medical expense relief were also considered in the grant selection.
The PEDIGREE® brand's Essential Support Dogs program recognizes all dogs as essential and celebrates the work they've done to get us through tough times. As part of the program, the PEDIGREE brand committed to donating $5 per qualifying social post,1 up to $100K, to PEDIGREE Foundation to provide assistance for dogs in need through its Essential Support Dogs Safety Net grants program. Pet parents shared their stories, and despite not yet reaching the full $100k amount through social posts, the PEDIGREE Brand is committed to supporting dogs in need and has donated the full $100K.
"We know how much people have turned to their pets for unconditional love and support over the past few years and through the PEDIGREE brand's Essential Support Dogs program and its donation to support these grants, shelters across the country can continue to keep people and pets together through challenging times," said Kimberly Wise, President of PEDIGREE Foundation. "We're inspired by the work shelters are doing to drive change in their communities and help deserving dogs find loving homes. Now more than ever, shelters need our support as they are at capacity and are unable to take more dogs under their care. We encourage people to adopt, foster, volunteer or donate to your local shelter to help continue to drive this change and end pet homelessness."
Grant recipients include:
- APA! AMPA! (Austin, TX)
- Arizona Humane Society (Phoenix, AZ)
- Berkeley Humane (Berkeley, CA)
- Dallas Pets Alive! (Dallas, TX)
- Humane Indiana (Highland, IN)
- Humane Rescue Alliance (Washington, D.C.)
- Jennifer Sterling Brown Animal Rescue (Lexington, MS)
- Rockbridge Animal Alliance (Lexington, VA)
- Seattle Humane (Bellevue, WA)
- The Rescue Train (North Hollywood, CA)
In addition to the donation to support PEDIGREE Foundation Essential Support Dogs Safety Net grants, the PEDIGREE brand created a nationwide support fund to provide up to $2.5 million in nutritional and financial assistance to help ensure dogs can stay with their loving families. To celebrate how dogs support their pet parents, the PEDIGREE brand teamed up with Walmart to offer discounts in-store for PEDIGREE dry products. Pet parents across the country can receive $2 off their next purchase of PEDIGREE dry products through July 26. Those who are seeking financial assistance can sign up for the program online at EssentialSupportDogs.com to receive additional coupons for PEDIGREE dry products over the course of three months.
Built off the belief that pets make the world a better place, the Essential Support Dogs program is part of the work Mars, Incorporated and its other much loved petcare brands are doing to create a world where pets are healthy, happy and welcome. Because the world we want tomorrow is A Better World for Pets™. To learn more, please visit EssentialSupportDogs.com. Those interested in donating to the cause or wanting to purchase a dog tag can check out pedigreefoundation.org or the DOGS RULE.® store at dogsrulestore.com.
About the PEDIGREE® Brand
The PEDIGREE Brand, proudly part of Mars, Incorporated, is the number one brand of dog food and treats in the world, feeding more dogs than any other brand. The PEDIGREE Brand offers a wide variety of products and formats for dogs at every life stage. The PEDIGREE Brand is built on an unwavering love for all dogs and a commitment to dog adoption. For more information, please visit www.Pedigree.com.
About PEDIGREE Foundation
We believe every dog deserves a loving, forever home. PEDIGREE Foundation is an independent 501(c)(3) non-profit organization working to help end pet homelessness. Nearly 3.1 million dogs end up in shelters and rescues every year, and nearly half never find a home. The foundation was established in 2008 by Mars Petcare, maker of PEDIGREE® food for dogs, to help increase dog adoption rates. We've awarded more than 5,800 grants and nearly $10 million to U.S. shelters and rescues that help dogs in need. At PEDIGREE Foundation, we're working toward a day when all dogs are safe, secure, cared for, fed well and loved. See how you can help at PedigreeFoundation.org.
About Mars Petcare
Part of Mars, Incorporated, a family-owned business with more than a century of history making diverse products and offering services for people and the pets people love, the 85,000 Associates across 50+ countries in Mars Petcare are dedicated to one purpose: A BETTER WORLD FOR PETS™. With 85 years of experience, our portfolio of almost 50 brands serves the health and nutrition needs of the world's pets – including brands PEDIGREE®, WHISKAS®, ROYAL CANIN®, NUTRO™, GREENIES™, SHEBA®, CESAR®, IAMS™ and EUKANUBA™ as well as the WALTHAM Petcare Science Institute which has advanced research in the nutrition and health of pets for over 50 years. Mars Petcare is also a leading veterinary health provider through an international network of over 2,000 pet hospitals and diagnostic services including BANFIELD™, BLUEPEARL™, VCA™, Linnaeus, AniCura and Antech. We're also active in innovation and technology for pets, with WISDOM PANEL™ genetic health screening and DNA testing for dogs, the WHISTLE™ GPS dog tracker, and LEAP VENTURE STUDIO accelerator and COMPANION FUND™ programs that drive innovation and disruption in the pet care industry. As a family business and guided by our principles, we are privileged with the flexibility to fight for what we believe in – and we choose to fight for our Purpose: A BETTER WORLD FOR PETS.
About MARS, INCORPORATED
For more than a century, Mars, Incorporated has been driven by the belief that the world we want tomorrow starts with how we do business today. This idea is at the center of who we have always been as a global, family-owned business. Today, Mars is transforming, innovating and evolving in ways that affirm our commitment to making a positive impact on the world around us.
Across our diverse and expanding portfolio of confectionery, food and petcare products and services, we employ 133,000 dedicated Associates who are all moving in the same direction: forward. With $40 billion in annual sales, we produce some of the world's best-loved brands including DOVE®, EXTRA®, M&M's®, MILKY WAY®, SNICKERS®, TWIX®, ORBIT®, PEDIGREE®, ROYAL CANIN®, SKITTLES®, BEN'S ORIGINAL™, WHISKAS®, COCOAVIA® and 5™; and take care of half of the world's pets through our nutrition, health and services businesses, including AniCura, Banfield Pet Hospitals™, BluePearl®, Linnaeus and VCA™.
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SOURCE Mars Petcare U.S. | https://www.kxii.com/prnewswire/2022/07/20/pedigree-foundation-awards-100k-essential-support-dogs-safety-net-grants-via-donation-through-pedigree-brands-essential-support-dogs-program/ | 2022-07-20T15:37:15Z |
LANSING Mich., May 16, 2022 /PRNewswire/ -- IONETIX, a leading cyclotron technology and isotope manufacturing company, is pleased to announce the FDA approval for N-13 Ammonia manufacturing at their Miami, FL location to support CIRA (Center for Imaging and Research of America). CIRA has been the leading independent imaging facility serving the greater Florida market area for nearly twenty years, priding themselves on bringing cutting edge diagnostics to the community. CIRA will be using the N-13 Ammonia manufactured by IONETIX to perform Cardiac PET imaging. Cardiac PET is used to diagnose, and risk stratify patients with coronary artery disease. Its superior image quality and ability to perform quantitative analysis is why it is considered the "gold standard" of non-invasive cardiac imaging for the detection and evaluation of CAD.
"The Top 16 Universities in the U.S. provide Cardiac PET/CT service using N-13 Ammonia, and we are proud to be the first to provide this capability to patients in South Florida." stated Rick Rippin, CIRA CEO. "In my opinion, N-13 is the gold standard in Cardiac PET and provides significant advantages over other tracers by improving image quality, improving quantification of myocardial blood flow, and enabling treadmill stress capability."
Kevin Cameron, CEO of IONETIX added, "CIRA is our 7th site approved by the FDA, and several more sites are underway. We are passionate at IONETIX about bringing our unique solution for N-13 Ammonia as a service to hospitals and outpatient office settings across the United States."
Kevin Cameron, CEO of IONETIX added, "CIRA is our 7th site approved by the FDA, and several more sites are underway. We are passionate at IONETIX about bringing our unique solution for N-13 Ammonia as a service to hospitals and outpatient office settings across the United States."
For more information, visit www.ionetix.com
About IONETIX: IONETIX is a US-based cyclotron and technology company founded in 2009. IONETIX offers turnkey N-13 Ammonia services domestically, as well as cyclotron equipment and installation services globally.
Contact:
Pete Burke
pburke@IONETIX.com
614-623-1383
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SOURCE IONETIX | https://www.mysuncoast.com/prnewswire/2022/05/16/ionetix-partners-with-cira-bring-n-13-ammonia-south-florida/ | 2022-05-16T12:49:31Z |
Strong Balance Sheet and Revenue Growth Drive Record Earnings and Returns
JERICHO, N.Y., July 25, 2022 /PRNewswire/ -- Esquire Financial Holdings, Inc. (NASDAQ: ESQ) (the "Company"), the financial holding company for Esquire Bank, National Association ("Esquire Bank"), today announced its operating results for the second quarter of 2022. Significant achievements during the quarter include:
- Net income increased 19% to $6.4 million, or $0.78 per diluted share, as compared to $5.3 million, or $0.66 per diluted share on a linked quarter basis. Net income and diluted earnings per share were $4.5 million and $0.57, respectively, for the second quarter of 2021.
- Industry leading returns on average assets and equity of 2.00% and 17.81%, respectively, as compared to 1.92% and 15.06% on a linked quarter basis. Returns on average assets and equity were 1.84% and 13.76%, respectively, for the second quarter of 2021.
- Strong net interest margin of 4.46% anchored by variable rate commercial loans as loan yields improved 16 basis points on a linked quarter basis. The net interest margin was negatively impacted in the current quarter by elevated levels of interest earning cash balances. Approximately 59% of our loan portfolio is variable rate and primarily tied to prime.
- Our loan portfolio increased $41.3 million, or 20% annualized, to $859.3 million on a linked quarter basis, as we continued to focus our digital marketing efforts and resources on higher yielding commercial loans anchored by our national litigation platform.
- Continued solid credit metrics, asset quality and reserve coverage ratios with minimal nonperforming loans and a reserve for loan losses to total loans of 1.20%.
- Deposits increased $65.6 million on a linked quarter basis, or 24% annualized, to $1.2 billion with a cost-of-funds of 0.10% (including demand deposits), a direct result of our highly efficient branchless and technology enabled deposit platforms. Demand deposits and escrow-based NOW accounts represented 44% and 39% of total deposits, respectively.
- Off-balance sheet sweep funds totaled $496.8 million at quarter end while the associated administrative service payments ("ASP") fees increased to $617 thousand due to increases in short-term interest rates. These sweeps represent additional sources of funding for future loan growth.
- Growth in payment processing fee income and small business clients nationally totaling $5.5 million and 72,000, respectively. Our technology enabled payments platform facilitated the processing of $7.1 billion in payment volume across 136.1 million transactions for our clients. Fee income represents 31% of total revenue.
- On June 2, 2022, the Company announced an exclusive agreement with B.E. Blank & Company ("BEB") to provide growth capital financing to commercial law firms nationally.
- Effective June 27, 2022, the Company was added as a member of the broad-market Russell 3000 Index as part of the 2022 Russell indexes reconstitution. Based upon its membership in the Russell 3000 Index, the Company has also become a member of the small-cap Russell 2000 Index.
- Esquire Bank remains well above the bank regulatory "Well Capitalized" standards
"Esquire will continue to create value beyond our financial sector peer group by coupling our industry leading returns with two significant national markets primed for disruption," stated Tony Coelho, Chairman of the Board of Directors.
"There is tremendous growth potential in both our national platforms due to the limited number of participants and the fragmented approach to finance and technology in both markets," stated Andrew C. Sagliocca, Chief Executive Officer and President.
Second Quarter Earnings
Net income for the quarter ended June 30, 2022 was $6.4 million, or $0.78 per diluted share, compared to $4.5 million, or $0.57 per diluted share for the same period in 2021. Returns on average assets and equity for the current quarter were 2.00% and 17.81%, respectively, compared to 1.84% and 13.76% for the same period of 2021.
Net interest income for the second quarter of 2022 increased $3.0 million, or 28.2%, to $13.7 million, due to growth in average interest earning assets totaling $278.2 million, or 29.2%, to $1.2 billion and increases in the average yields on interest earning assets when compared to the same period in 2021. Our net interest margin decreased slightly to 4.46% in the current quarter as the margin was negatively impacted by elevated levels of average interest earning cash balances funded with low-cost core deposits. Average loans in the quarter increased $141.0 million, or 20.1%, to $841.3 million when compared to the second quarter of 2021, fueled by growth in commercial and multifamily loans. Excluding the effects of our PPP and NFL portfolios in the second quarter of 2021, average loan growth would have been approximately 30%. Our loan-to-deposit ratio was 74.4% as our low-cost deposit base increased $240.8 million, or 26.3%, fueled by demand and escrow deposits. The average yield on loans increased 12 basis points to 5.92% in the current quarter, demonstrating the positive impact short-term rate increases have on our variable rate commercial loans (approximately 59% of our loan portfolio is variable rate and primarily tied to prime). Average securities in the quarter increased $73.3 million to $208.1 million as management opportunistically invested excess liquidity in the bond portfolios driving average yields up 39 basis points to 1.99% and increasing interest income $495 thousand to $1.0 million in the current quarter. The increases in short-term market interest rates also positively affected the yields on other interest earning asset categories alongside those average yield increases noted in the loan and securities portfolios.
The provision for loan losses was $850 thousand for the second quarter of 2022, consistent with the same period in 2021. As of June 30, 2022, Esquire had an allowance to loans ratio of 1.20% as compared to 1.16% in the trailing quarter ended March 31, 2022. The increase in the allowance as a percentage of loans was related to qualitative factors due to the current economic and inflationary environment.
Noninterest income was $6.2 million for the second quarter of 2022, a $742 thousand increase from the same period in 2021, driven by increases in ASP and payment processing fee income. ASP fee income increased $607 thousand to $617 thousand for the second quarter of 2022, primarily due to increases in short-term interest rates on our off-balance sheet funds. Payment processing income was $5.5 million for the second quarter of 2022, a $162 thousand increase from the same period in 2021. Payment processing fees in 2021 totaling $5.4 million were positively impacted by $500 thousand in early termination fees on ISO contracts. Excluding these early termination fees, payment processing fees increased $662 thousand, or 13.6%, from the second quarter of 2021. Payment processing volumes and transactions for the credit and debit card processing platform increased $916 million, or 14.7%, to $7.1 billion and 21.4 million, or 18.6%, to 136.1 million transactions, respectively, for the quarter ended June 30, 2022, as compared to the same period in 2021. These increases were driven by expansion of our sales channels through ISOs, increased number of merchants, volume increases, the reopening of the economy post pandemic and were facilitated by our focus on technology and other resources in the payments vertical. We use proprietary and industry leading technology to ensure card brand and regulatory compliance, support multiple processing platforms, manage daily risk across 72,000 small business merchants in all 50 states, and perform commercial treasury clearing services for approximately $7.1 billion in processing volume across 136.1 million transactions.
Noninterest expense increased $1.3 million, or 14.0%, to $10.4 million for the second quarter of 2022, as compared to the same period in 2021. This increase was primarily driven by increases in employee compensation and benefits, hiring related costs, data processing, advertising and marketing, and travel and business relations. Employee compensation and benefits costs increased $630 thousand, or 11.1%, due to increases in staff and officer level employees to support our growth, investment in digital platforms and related sales/marketing divisions, and the impact of salary, bonus and stock-based compensation increases. Due to the effects of inflation on the overall economy and consumer prices, we proactively increased our employees' base salary at year-end in excess of industry and national averages to support employee retention. Hiring related costs increased $188 thousand as we continue to invest in staffing to support our growth. Data processing costs increased $145 thousand, or 16.0%, due to increased processing volume, primarily driven by our core banking platform, and additional costs related to our technology implementations. Advertising and marketing costs increased $89 thousand, or 28.3%, as we continued to grow our digital marketing platform and expand our thought leadership in our national verticals. Travel and business relations costs increased $65 thousand as we re-engaged in our traditional high touch marketing and sales efforts to complement our digital marketing efforts.
The Company's efficiency ratio was 52.3% for the three months ended June 30, 2022, as compared to 56.5% in 2021.
The effective tax rate was 26.5% for the second quarter of 2022, as compared to 27.0% for the same period in 2021.
Year to Date Earnings
Net income for the six months ended June 30, 2022 was $11.7 million, or $1.43 per diluted share, compared to $8.7 million, or $1.10 per diluted share for the same period in 2021. Returns on average assets and equity for the six months ended June 30, 2022 were 1.96% and 16.44%, respectively, compared to 1.82% and 13.53% for the same period of 2021.
Net interest income for the six months ended June 30, 2022 increased $4.7 million, or 22.9%, to $25.5 million, due to growth in average interest earning assets totaling $226.3 million, or 24.4%, to $1.2 billion and increases in the average yields on interest earning assets when compared to the same period in 2021. Our net interest margin decreased slightly to 4.44% in the current period as the margin was negatively impacted by elevated levels of average interest earning cash balances funded with low-cost core deposits. Average loans increased $120.1 million, or 17.4%, to $809.1 million when compared to the comparable prior year period, fueled by growth in commercial and multifamily loans. The average yield on loans increased 7 basis points to 5.84% when comparing 2022 to the comparable prior period, Average securities increased $67.4 million to $194.8 million as management opportunistically invested excess liquidity in the bond portfolios driving average yields up 32 basis points to 1.91% and increasing interest income $844 thousand to $1.8 million in the current year. The increases in short-term market interest rates also positively affected the yields on other interest earning asset categories alongside those average yield increases noted in the loan and securities portfolios.
The provision for loan losses was $1.5 million for the six months ended 2022, a $1.2 million decrease from the same period in 2021. The decrease in the provision relates to the reduced pandemic related uncertainty and the sale of our legacy NFL consumer loan portfolio to a fund in second quarter of 2022.
Noninterest income was $11.7 million for the six months ended 2022, a $779 thousand increase from the same period in 2021, driven by an increase of $598 thousand in ASP fee income, which is positively impacted by increases in short-term interest rates, volume and duration of off-balance sheet funds, as well as an increase of $108 thousand in our payment processing income. In the prior year, payment processing income included $500 thousand in early termination fees from ISO contracts. Payment processing volumes and transactions for the credit and debit card processing platform increased $2.2 billion, or 19.4%, to $13.3 billion and 44.5 million, or 21.3%, to 253.9 million transactions, respectively, for the six months ended June 30, 2022, as compared to the same period in 2021. These increases were driven by expansion of our sales channels through ISOs, increased number of merchants, volume increases, the reopening of the economy post pandemic and were facilitated by our focus on technology and other resources in the payments vertical.
Noninterest expense increased $2.5 million, or 14.3%, to $19.8 million for the six months ended 2022, as compared to the same period in 2021. This increase was primarily driven by increases in employee compensation and benefits, hiring related costs, data processing, travel and business relations, and occupancy and equipment, offset by a decrease in professional and consulting services. Employee compensation and benefits costs increased $1.8 million, or 16.6%, due to increases in staff and officer level employees to support our growth, investment in digital platforms and related sales/marketing divisions, and the impact of salary, bonus and stock-based compensation increases. Due to the effects of inflation on the overall economy and consumer prices, we proactively increased our employees' base salary at year-end in excess of industry and national averages to support employee retention. Professional and consulting service costs decreased $121 thousand, or 7.7%, partially offsetting the increase in employee compensation and benefits as previously contracted consultants were hired, primarily in our technology development and digital marketing departments. Hiring related costs increased $175 thousand as we continue to invest in staffing to support our growth. Data processing costs increased $303 thousand, or 17.2%, due to increased processing volume, primarily driven by our core banking platform, and additional costs related to our technology implementations. Occupancy and equipment costs increased $92 thousand, or 6.5%, primarily due to amortization of our investments in internally developed software to support our new digital platform and additional office space to support our continued growth. Travel and business relations costs increased $116 thousand as we re-engaged in our traditional high touch marketing and sales efforts to complement our digital marketing efforts.
The Company's efficiency ratio was 53.2% for the six months ended June 30, 2022, as compared to 54.7% in 2021.
The effective tax rate was 26.5% for the six months ended 2022, as compared to 25.8% for the same period in 2021.
Asset Quality
At June 30, 2022, nonperforming loans held for investment were minimal, totaling $4 thousand. As of June 30, 2022, the allowance for loan losses was $10.3 million, or 1.20% of total loans, as compared to $14.0 million, or 1.98% of total loans at June 30, 2021. The decrease in the allowance as a percent of loans was primarily due to the charge-off of $9.0 million upon reclassification of the legacy NFL consumer post settlement loan portfolio from held for investment to held for sale during the third quarter of 2021 that was subsequently sold to a fund on April 1, 2022.
Balance Sheet
At June 30, 2022, total assets were $1.3 billion, reflecting a $251.6 million, or 23.8% increase from June 30, 2021. This increase was attributable to loans held for investment increasing $152.0 million, or 21.5%, to $859.3 million, driven by commercial and multifamily loans, funded with low-cost deposits. Excluding the effects of the NFL reclassification (third quarter of 2021) totaling $25.9 million and net payoffs of our PPP loans totaling $23.6 million, our loan growth was $201.5 million, or 30.6%, when comparing June 30, 2022 to 2021. Our higher yielding commercial loans grew 36.5% during this same period. Our sales pipeline remains robust, driven by our current and future digital marketing plans, robust proprietary CRM platform and our employees that support current and future growth. Commencing in the first quarter of 2022, we invested a portion of our excess liquidity in held-to-maturity securities, totaling $76.3 million at June 30, 2022. Our available-for-sale securities portfolio decreased $3.6 million, or 2.9%, to $122.7 million as compared to June 30, 2021.
The following table provides information regarding the composition of our loan portfolio for the periods presented:
Total deposits were $1.2 billion as of June 30, 2022, a $240.8 million, or 26.3%, increase from June 30, 2021. This was primarily due to a $117.5 million, or 29.7%, increase in noninterest bearing demand deposits to $513.1 million, a $115.6 million, or 22.8%, increase in Savings, NOW and Money Market deposits to $623.4 million, and a $7.7 million increase in time deposits to $19.0 million. The increase in deposits was primarily driven by commercial and escrow low-cost and noninterest bearing deposits from our litigation and small business platforms. Off-balance sheet sweep funds totaled $496.8 million at quarter end, representing additional sources of funding for future growth. Our deposit growth and off-balance sheet funds continue to demonstrate our highly efficient branchless and technology enabled deposit platforms.
Stockholders' equity increased $10.9 million to $145.5 million as of June 30, 2022, compared to June 30, 2021, primarily due to net income and amortization of share-based compensation, partially offset by other comprehensive losses of $11.6 million. This other comprehensive loss reflects the current unrealized losses on our available-for-sale agency MBS portfolio that have been negatively impacted by recent increases in short-term market interest rates and not due to credit concerns. Esquire Bank remains well above bank regulatory "Well Capitalized" standards.
About Esquire Financial Holdings, Inc.
Esquire Financial Holdings, Inc. is a financial holding company headquartered in Jericho, New York, with one branch office in Jericho, New York and an administrative office in Boca Raton, Florida. Its wholly-owned subsidiary, Esquire Bank, National Association, is a full-service commercial bank dedicated to serving the financial needs of the litigation industry and small businesses nationally, as well as commercial and retail customers in the New York metropolitan area. The bank offers tailored financial and payment processing solutions to the litigation community and their clients as well as dynamic and flexible payment processing solutions to small business owners. For more information, visit www.esquirebank.com.
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements" relating to future results of the Company. Forward-looking statements are subject to many risks and uncertainties, including, but not limited to: changes in business plans as circumstances warrant; changes in general economic, business and political conditions, including changes in the financial markets; the continuing impact of the COVID-19 pandemic on our business and results of operation; and other risks detailed in the "Cautionary Note Regarding Forward-Looking Statements," "Risk Factors" and other sections of the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission. The forward-looking statements included in this press release are not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "might," "should," "could," "predict," "potential," "believe," "expect," "attribute," "continue," "will," "anticipate," "seek," "estimate," "intend," "plan," "projection," "goal," "target," "outlook," "aim," "would," "annualized" and "outlook," or similar terminology. Any forward-looking statements presented herein are made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise, except as may be required by law.
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SOURCE Esquire Financial Holdings, Inc. | https://www.mysuncoast.com/prnewswire/2022/07/25/esquire-financial-holdings-inc-reports-second-quarter-2022-results/ | 2022-07-25T14:11:53Z |
A new 3D, animated, interactive NFT game lets fans adopt a metaverse best friend
SAN FRANCISCO, Aug. 11, 2022 /PRNewswire/ -- Krikey, a gaming studio with more than 5 million users, announced the launch of SolarPups on the Flow blockchain today. Krikey is also a part of the T-Mobile XR Accelerator. SolarPups is a 3D, animated, interactive NFT game where fans can adopt, play, breed, collect and sell NFT puppies. The NFTs are available today at www.solarpups.com. The playtime and breeding features will launch August 22nd.
The SolarPups game is a great experience for those new to web3. "Inspired by CryptoKitties and virtual pet games of our childhood, this game innovates on the future of play," said Ketaki Shriram, Chief Technology Officer at Krikey. By building on next-generation blockchain Flow–home to industry-leading NFT properties like NBA Top Shot–Krikey is giving SolarPups the right foundation for consumer-scale growth and adoption.
"T-Mobile is always seeking to push the boundaries of 5G and expand adoption of 5G networks," said John Saw, Executive Vice President, Advanced & Emerging Technologies at T-Mobile. "We are excited to support the SolarPups team as one of our current Accelerator cohort companies, working together with Qualcomm's Snapdragon Spaces platform to power the next wave of 5G innovation."
In the first NFT mint, fans can adopt from a group of 1,500 NFT Shiba Inu puppies featuring unique traits including a hawaiian shirt, christmas sweater, sunglasses, tiaras, crowns and more!
"I couldn't be more excited to see CryptoKitties inspiring new generations of NFT-based games and entertainment," said Dete Shirley, CryptoKitties Co-founder and CTO at Dapper Labs. "The 3D, interactive elements of SolarPups will offer players interesting new game dimensions to explore–all made possible by building on Flow."
SolarPups NFTs are available at www.solarpups.com.
Krikey is the company behind SolarPups. They have partnered with Snapchat, T-Mobile, Google Maps, The Ellen DeGeneres Wildlife Foundation, Sony Pictures Entertainment and the National Audubon Society, building custom AR games for each brand partner and reaching 5M+ users. The Krikey app is ranked in the Top 25 Social Apps on the Google Play Store in India. Krikey was named to the Fast Company list of Best Apps and Games of 2020. For more information, please visit www.krikey.com and www.solarpups.com.
Flow is the blockchain designed to be the foundation of Web3 and the open metaverse, supporting consumer-scale decentralized applications, NFTs, DeFi, DAOs, and more. Powered by Cadence, an original programming language built specifically for digital assets, Flow empowers developers to innovate and push the limits that will bring the next billion to Web3. Created by a team that has consistently delivered industry-leading consumer-scale Web3 experiences including CryptoKitties, Dapper, and NBA Top Shot, Flow is an open, decentralized platform with a thriving ecosystem of creators from top brands, development studios, venture-backed startups, crypto leaders, and more. For more information, visit www.flow.com.
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SOURCE Krikey, Inc | https://www.kxii.com/prnewswire/2022/08/11/t-mobile-accelerator-startup-krikey-brings-puppies-flow-blockchain/ | 2022-08-11T21:27:12Z |
Getting the best audio with Dolby Atmos
Dolby Atmos is a surround sound technology that offers multidimensional sound for a fuller, more immersive experience. It’s worth investing in if you plan on setting up a home theater or want to take your entertainment to the next level. Whether you’re watching movies, playing video games, listening to music or recording, upgrading to Dolby Atmos can elevate your audio experience.
What it is
Dolby Atmos is an audio system that has innovated the way people enjoy at-home entertainment. Unlike traditional stereo setups, it gives the listener a three-dimensional listening experience via surround sound. It doesn’t rely on a single speaker to emit all audio. Instead, it arranges specific sounds through each speaker so they feel more realistic spatially.
Think of this object-based system as a kind of bubble. For example, if you’re watching a movie with a high-speed chase to the left, the Dolby Atmos setup makes it sound like the vehicles are coming from that direction. If two characters are speaking in the center of the screen, the speakers can make it sound like they’re right in front of you. All other sounds will also come from the direction they appear on the screen.
Typically, Dolby Atmos uses a combination of three to seven speakers that all play specific parts of the audio for a near real-life effect. This lets listeners take in more of the noise from whatever form of media they’re currently watching or listening to. With the right equipment, you can get a 360-degree sound similar to what you’d get at a movie theater or in a recording studio.
How it works
Every home theater has its digital naming system. With Dolby Atmos, you get three numbers that mean the following:
- First digit — Number of speakers
- Second digit — Number of subwoofers
- Third digit — Number of overhead speakers
To get the full audio experience, you need at least two overhead speakers, which are usually mounted on the ceiling or walls. You also need at least one subwoofer and several regular speakers to get a 360-degree experience.
Equipment
To use Dolby Atmos properly, you need compatible hardware. It should be able to effectively translate audio through the system or decode it without making changes. The most important components are:
- Speakers: These emit audio and are vital to the entire setup. They should be Dolby Atmos-enabled, such as Sony’s SSCSE Dolby Atmos Enabled Speakers.
- AV receiver: An AV receiver acts as the brain behind the entire theater system and connects to all installed devices. It takes in video signals and sends them to the television or computer monitor while distributing amplified sounds to the speakers. One of the best compatible AV receivers is the Sony STR-DH790 7.2 channel AV receiver.
- Subwoofers: These produce the bass so the audio doesn’t sound flat.
- Sound bar: For certain setups, you need both a sound bar and an HDMI cable. The cable should have enough bandwidth to handle eARC, the next generation of ARC. It boosts the bandwidth and creates significantly higher-quality sound.
- Players: Any entertainment setup should have film or disk players, such as a Blu-ray player or compatible gaming console, to play audio.
Compatible services and other devices
Other compatible devices include:
- Blu-ray players and Ultra high-definition Blu-ray players
- Some smart TVs (ex. LG, Philips, Sony, Vizio)
Certain services also have music or movies that are Atmos-compatible. This includes:
- Disney+
- Amazon Prime Video
- Netflix
- iTunes (Apple)
- Vudu
You should be able to stream the content directly from a smart device at home that’s connected to the Atmos system.
Dolby Atmos for gamers
While most home entertainment setups that use the Atmos system focus on films and music, it’s also great for creating a more immersive gaming experience. Whether you’re an avid or casual gamer, the surround sound format can make games feel immersive. Since it heightens the audio, it could even put more competitive gamers at an advantage by letting them hear the gameplay from every angle.
What you need to buy to support your Dolby Atmos system
Designed for Dolby Atmos, this sound bar comes with built-in subwoofers and is compatible with Bluetooth. It offers listeners a richer, deeper experience complete with bass that brings music and films to life. It’s also easy to set up.
Sold by Amazon
This ultra-high-speed HDMI cord can easily handle Dolby Atmos systems. It’s also compatible with other devices, such as projectors, Roku TV, sound bars and Xbox gaming consoles. It has a speed of 48 gigabits per second and comes in 6.6-, 10- and 15-foot lengths.
Sold by Amazon
LG OLED C1 Series Alexa Built-in 4K Smart TV
This Smart TV comes with a screen size ranging from 48 to 83 inches. It works with Dolby Atmos and Dolby Vision to produce crisp audio and video. It’s compatible with Bluetooth and Wi-Fi, too. With over 8 million pixels and excellent color contrast, the display is perfect for graphic-intensive gaming, immersive film-watching and more.
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Klipsch Reference Cinema Dolby Atmos 5.1.4 System
This simple surround system is compatible with Atmos and includes four satellite speakers, a built-in subwoofer amplifier and the main speaker. It creates a realistic, highly immersive audio experience
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Polk Audio Signa S4 Ultra-Slim Sound Bar For TV With Wireless Subwoofer
This option comes with a wireless subwoofer and a sound bar with a small form factor that fits nearly anywhere. It can be connected to a smart TV using a single HDMI cable.
Sold by Amazon
Denon AVR-S960H 8K Ultra HD 7.2 Channel AV Receiver
This immersive system supports Dolby Atmos and works well with 4K displays. It’s also great for next-generation gaming. Plus, it’s easy to set up. It provides high-quality audio to surround sound speakers.
Sold by Amazon
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/automotive-br/audio-video-br/is-dolby-atmos-worth-it/ | 2022-07-07T17:33:31Z |
Man accused of assaulting father with gun in Paris
PARIS, Texas (KXII) - A man reportedly hit his father with a pistol in Paris early morning Sunday.
Paris Police said they responded to a disturbance involving a firearm in the 500 block of NE 10th Street around 1:30 a.m. According to officers, they located a 41-year-old victim of an assault upon arrival.
The victim reported that when he arrived at the residence, his two adult sons had been at the residence arguing and one had shot at the other. The victim claimed the two sons then turned the argument onto him, and one of the son’s struck the victim in his head with a pistol.
Officers said the victim did not seek medical treatment. They claimed the two suspects left the scene before officers arrived.
The investigation continues.
Copyright 2022 KXII. All rights reserved. | https://www.kxii.com/2022/08/15/man-accused-assaulting-father-with-gun-paris/ | 2022-08-15T16:09:46Z |
(NEXSTAR) – When you think of McDonald’s, one of the first things that come to mind is likely the Golden Arches. They are the iconic attribute of the fast food brand. The Golden Arches won’t guide you to a Big Mac and fries at one McDonald’s, though.
Nearly 70 years ago, arches were added to the restaurant’s new “Red and White” buildings to help the roof line feel less flat. The first location to have the “Golden Arches” was Downey, California, in 1953. It looks the same today.
According to McDonald’s, a sign maker used yellow neon into the arches, ultimately creating the “Golden Arches.” It wasn’t until roughly a decade later that the Golden Arches became the restaurant’s logo.
While the buildings have changed since the Downey location was built, the Golden Arches have remained a staple to help you identify a McDonald’s near you.
Except at one location.
The McDonald’s located on Highway 89A in Sedona, Arizona, can be found sporting teal arches. Sedona, roughly 115-mile drive north of Phoenix, is surrounded by the red rock formations common to the southwestern portion of the country.
Many of the buildings in the town, including this specific McDonald’s restaurant and its neighbors, are a nearly identical shade of red. This helps to not distract from the scenic vistas of the area.
Officials were concerned that the restaurant’s iconic Golden Arches may cause a distraction when McDonald’s moved to town in the early 1990s.
That’s when they decided to swap the gold for teal, creating the one-of-a-kind Teal Arches that have become a tourist attraction, an Instagram hot spot, and one of the most unique McDonald’s locations in the U.S.
While the drink cups and burger containers also have blue marks, according to a local news outlet, everything else is the same.
There are other McDonald’s locations that don’t have the traditional arches. At two California locations —Rocklin and Monterey — the arches are red and black, respectively. Some locations, like the mansion McDonald’s in Freeport, Maine, don’t have arches at all. | https://cw33.com/news/nexstar-media-wire/you-wont-find-golden-arches-at-this-mcdonalds/ | 2022-09-05T16:24:47Z |
CALGARY, AB, July 18, 2022 /PRNewswire/ - Sundial Growers Inc. (Nasdaq: SNDL) ("Sundial" or the "Company") would like to remind shareholders that its upcoming Annual and Special Meeting of shareholders (the "Meeting") will be held on July 21, 2022, at 1 p.m. MDT (3 p.m. EDT).
In order to permit shareholders the maximum opportunity to have their vote represented at the Meeting, the deadline for the submission of proxies (the "Proxy") or revocations of a previously submitted Proxy will be extended to 12 p.m. MDT on July 21, 2022. Shareholders are encouraged to vote as soon as possible by Proxy in advance of the Meeting by one of the methods described in the form of Proxy and management information circular (the "Circular"). Additional instructions may be found in Sundial's Proxy and Circular on www.sndlgroup.com in the Investor section and on SEDAR and EDGAR.
Based on the current status of votes cast, all resolutions have supermajority support from shareholders, but a quorum has not yet been reached. If a quorum is not reached, Sundial must adjourn the meeting after setting the date and time for a second meeting. If a quorum is not present at the adjourned meeting, the shareholders in attendance at the adjourned meeting shall constitute a quorum. This delay will result in additional, otherwise unnecessary, expenses.
"It is common for companies with large retail investor ownership to experience low voter turnout, but this doesn't need to be absolute," said Zach George, Chief Executive Officer of Sundial. "We thank those who have exercised their shareholder rights and encourage the balance of our shareholders to actively participate in the Company's governance by voting their shares."
All shareholders will have the opportunity to participate in the Meeting online. Only registered shareholders and duly appointed proxyholders can vote in real-time at the Meeting. Shareholders who hold their common shares with a bank, broker, or other financial intermediary and wish to vote at the Meeting must carefully follow the instructions provided by their intermediary.
To participate online, please use the following information:
Link: https://web.lumiagm.com/263589432
Meeting ID: 263 – 589 – 432
Password: sundial2022
Registered Shareholder Number: Listed on your form of Proxy
Sundial is a public company whose shares are traded on Nasdaq under the symbol "SNDL." Its business is operated and reported in four segments: Cannabis Production and Cultivation, Cannabis Retail, Liquor Retail, and Investments.
Sundial is the largest private sector cannabis and liquor retailer in Canada. The Company's retail banners include Spiritleaf, Value Buds, Wine and Beyond, Liquor Depot, and Ace Liquor. As a licensed producer that crafts small-batch cannabis using state-of-the-art indoor facilities, Sundial's 'craft-at-scale' modular growing approach, award-winning genetics, and experienced growers set us apart. Sundial's brand portfolio includes Top Leaf, Sundial Cannabis, Palmetto, Spiritleaf Selects, and Grasslands. Sundial's investment portfolio seeks to deploy strategic capital through direct and indirect investments and partnerships throughout the global cannabis industry.
For more information on Sundial, please go to www.sndlgroup.com.
This news release includes statements containing certain "forward-looking information" within the meaning of applicable securities law ("forward-looking statements"). Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions, including but not limited to assumptions with respect to the potential Consolidation, were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
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SOURCE Sundial Growers Inc. | https://www.mysuncoast.com/prnewswire/2022/07/18/sundial-virtual-agm-reminder/ | 2022-07-18T13:15:02Z |
Over 85 percent of SoCalGas scholarship recipients are minority students majoring in STEM, accounting and finance
LOS ANGELES, June 30, 2022 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced that 25 students from Central and Southern California have been awarded funds from the 2022 SoCalGas Scholarship Program. For the first time, the utility has partnered with Scholarship America® to provide multiyear scholarships for students studying science, technology, engineering, math (STEM), accounting or finance. Scholarships are eligible for renewal for the next three years totaling over $300,000 in available funds. The students were evaluated on their academic achievements, community involvement and personal statements addressing the utility's sustainability actions in support of California's clean energy goals. With 87 percent of this year's recipients identified as minority students, SoCalGas' scholarship program continues to help create new opportunities for diverse and underserved scholarship recipients.
"Education is a key avenue to help people succeed, and these SoCalGas scholarships will help those with the highest needs," said Los Angeles City Councilmember Joe Buscaino. "During my decade as a Councilmember and prior career with LAPD, I saw firsthand how education created a path towards a better future for low-income Angelenos."
"We greatly appreciate the ongoing SoCalGas Scholarship Program which paves the way and offers new opportunities for many residents in Kern County," said Bakersfield Mayor Karen Goh. "The investment of SoCalGas in higher education and workforce development brings much-needed support in transforming the future of our community."
"I want to thank SoCalGas for always championing our people and helping open doors for many within our communities," said Diahna Garcia-Ruiz, board president at Central Union High School District. "Year after year, I am amazed at what SoCalGas does for our communities. This is a tremendous opportunity for our students who lack financial support – these scholarships will aid them and help drive their future."
"Our youth are the driving force of the future. The goal of our scholarship is to nurture this group and help build the important foundation that will help prepare them for professional opportunities and higher education," said Andy Carrasco, vice president of communications, local government, and community affairs at SoCalGas. "We understand that rising educational costs can be stressful, and we want to help alleviate those worries as much as possible to allow our students a brighter future."
Matthew Torre, a graduate from Patriot High School in Jurupa Valley who will be pursuing a degree in Management Science and Engineering with a minor degree in statistics at Stanford in the fall said, "I am truly honored to be selected for such a prestigious and generous scholarship. It has always been a dream of mine to attend a top University and to do so with the help of this scholarship, is a dream realized for me. I am proud to represent my community and SoCalGas as part of the Stanford Class of 2026."
Aisha Siddiqi, a graduate from Foothill High School who will be pursuing an environmental science degree at the Rochester Institute of Technology in New York said, "It's an honor to receive the SoCalGas Scholarship this year. It has been a wonderful adventure so far in pursuing my dreams to help our environment. I cannot wait to expand my knowledge in the coming years at RIT thanks to this scholarship.
Wanda Barahona, a graduate from Augustus Hawkins Critical Design and Gaming High School who will be attending the University of California, Los Angeles with a major in computer science said, "I am so excited to attend college this fall. I've always participated in many extracurriculars throughout high school such as robotics which ultimately helped shaped my love for video games. Thank you to SoCalGas for granting me this scholarship that will allow me to continue pursuing my passions."
Aaron Dukes, a graduate from Bakersfield High who will be attending Bakersfield College with a major in Biology and Chemistry said, "I am grateful for the funds that this scholarship will provide as I continue to pursue my passion in the sciences. Prior to attending college this fall, I was part of the Kern Medical Research Assistant Program – I'm excited to see how my education will help me continue to give back to my community here."
The program is administered by Scholarship America®, the nation's largest designer and manager of scholarship, tuition assistance, and other education support programs for corporations, foundations, associations, and individuals. Eligibility for individual programs is determined at the sole discretion of the sponsor, and eligible applications are reviewed by Scholarship America's evaluation team.
Since the program's inception in 2001, the utility has awarded more than 2,200 scholarships totaling over $3 million in funding. Students who plan to attend a community college or trade school will receive a $1,000 scholarship and students who plan to attend a university, or 4-year college will receive a $5,000 scholarship. Awards are renewable for three years or until a bachelor's degree is earned, whichever occurs first, on the basis of satisfactory academic performance for a total of up to $20,000 per recipient.
In 2021, the utility invested $2.3 million in educational programs with over $500,000 spent in funding towards scholarships for students throughout our service territory. SoCalGas' Scholarship Program is part of the company's ASPIRE 2045 sustainability goals to increase diversity, equity and inclusion in the workplace and the communities it serves, including a commitment to invest $50 million to drive positive change in diverse and underserved communities over the next five years.
Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment.
SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas aspires to achieve net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills, and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy services holding company based in San Diego.
For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook.
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SOURCE Southern California Gas Company | https://www.kxii.com/prnewswire/2022/06/30/socalgas-awards-more-than-300000-scholarships-over-next-three-years-central-southern-california-students-pursuing-higher-education/ | 2022-06-30T17:20:47Z |
ALBANY – Following a weekend graduation ceremony, the Phoebe Family Medicine Residency program now has graduated 149 physician residents since it began in 1993. The eight members of the Class of 2025 were honored at a brunch celebration Saturday after completing their three-year residency program at Phoebe.
“The annual graduation ceremony is always a fun and exciting time as we thank these young physicians for their service to Phoebe and southwest Georgia over the last three years, congratulate them on their accomplishments and wish them well as they take the important next steps in their careers,” Phoebe Putney Health System Chief Medical Officer Dr. Dianna Grant said.
Four of the graduates will remain in Georgia to begin their professional practice. Two have been accepted into fellowship programs where they will complete more specialized training. One is going to work in Florida, and one is still weighing options.
The 2022 graduates and their new work destinations are:
-- Dr. Robert Beveridge – ER Fellowship; Fort Wayne, Ind.
-- Dr. John Christopher Carter – TBD
-- Dr. Christina Hall – Sharpsburg
-- Dr. Ajay Jani – Albany
-- Dr. Sorna Kamara – Savannah
-- Dr. Patrick Kobler – Fort Lauderdale, Fla.
-- Dr. Miguel Maceda – Palliative Medicine Fellowship; Columbia, S.C.
-- Dr. Aaron Zervos – Swainsboro
Dr. Ajay Jani, who served as co-chief resident for the class, will remain a member of the Phoebe Family, serving as a hospitalist at Phoebe’s main hospital.
“From the very beginning as an intern, I have always felt very supported by everyone in the Phoebe Family," Jani said. "The education and core values that I have received throughout my three years here have made me a compassionate and confident physician."
Jani said he believes the PFMR prepared him and his fellow graduates to serve patients well.
“I know I can provide my patients the care they deserve," he said. "I speak on behalf of my colleagues when I say that we could not be more thankful for our faculty and nurses, as well as our patients, who have made our residency experience the strong foundation for the rest of our careers."
At the graduation ceremony, Dr. Christina Hall was honored as Resident of the Year. Dr. Michelle Wilson, who just finished her first year in the residency program, was named Intern of the Year.
The residents chose several providers to honor with teaching awards, including:
-- Dr. Aakar Thaker – Residency Teacher of the Year
-- Dr. Maureen Lawlor – Community Faculty of the Year
-- Dr. Tiera Barron – Inpatient Faculty of the Year
-- Ginger Bennett – Advanced Practice Prover of the Year
-- Aaron Zervos – Society of Teachers of Family Medicine Resident Teacher of the Year
“We are extremely fortunate at Phoebe to have outstanding faculty who truly are dedicated to the education and training of residents," Program Director Dr. William Fricks said. "We also have independent physicians and other providers within our health system who take our residents under their wings and teach them what it takes to provide quality, compassionate, patient-centered care. It’s very meaningful to those providers when the residents choose to honor them.”
Last week, Phoebe welcomed eight new physicians into its residency program. They will spend the next three years training, studying and treating patients in Albany. | https://www.albanyherald.com/local/phoebe-holds-graduation-ceremony-for-residents/article_2060f2bc-f64a-11ec-9e73-dbb63d77e0c1.html | 2022-06-27T20:29:21Z |
MIAMI, Aug. 1, 2022 /PRNewswire/ -- Royal Caribbean Group (NYSE: RCL) (the "Company") today announced that it has priced the offering of $1 billion aggregate principal amount of 6.00% Convertible Senior Notes due 2025 (the "Convertible Notes"). In connection with the offering of the Convertible Notes, the Company granted certain of the initial purchasers of the Convertible Notes a 13-day option to purchase up to an additional $150 million aggregate principal amount of the Convertible Notes. The offering is expected to close on August 5, 2022, subject to customary closing conditions.
The Convertible Notes will mature on August 15, 2025 unless earlier converted, redeemed pursuant to a tax redemption or repurchased. The initial conversion rate per $1,000 principal amount of Convertible Notes is 19.9577 shares of common stock of the Company, which is equivalent to an initial conversion price of approximately $50.11 per share, subject to adjustment in certain circumstances. The initial conversion price represents a conversion premium of approximately 40% over the last reported sale price of the Company's common stock on August 1, 2022.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy Convertible Notes or any other securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.
Cautionary Statement Concerning Forward-Looking Statements
Certain statements in this press release relating to, among other things, our future performance estimates, forecasts and projections constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited, to: statements regarding revenues, costs and financial results for 2022 and beyond. Words such as "anticipate," "believe," "could," "driving," "estimate," "expect," "goal," "intend," "may," "plan," "project," "seek," "should," "will," "would," "considering," and similar expressions are intended to help identify forward-looking statements. Forward-looking statements reflect management's current expectations, are based on judgments, are inherently uncertain and are subject to risks, uncertainties and other factors, which could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements. Examples of these risks, uncertainties and other factors include, but are not limited to, the following: the impact of the global incidence and continued spread of COVID-19, which has had and will continue to have a material adverse impact on our business, liquidity and results of operations, or other contagious illnesses on economic conditions and the travel industry in general and the financial position and operating results of our Company in particular, such as: governmental and self-imposed travel restrictions and guest cancellations; our ability to obtain sufficient financing, capital or revenues to satisfy liquidity needs, capital expenditures, debt repayments and other financing needs; the effectiveness of the actions we have taken to improve and address our liquidity needs; the impact of the economic and geopolitical environment on key aspects of our business including the conflict between Ukraine and Russia, such as the demand for cruises, passenger spending, and operating costs; incidents or adverse publicity concerning our ships, port facilities, land destinations and/or passengers or the cruise vacation industry in general; concerns over safety, health and security of guests and crew; our COVID-19 protocols and any other health protocols we may develop in response to infectious diseases may be costly and less effective than we expect in reducing the risk of infection and spread of such disease on our cruise ships; further impairments of our goodwill, long-lived assets, equity investments and notes receivable; an inability to source our crew or our provisions and supplies from certain places; an increase in concern about the risk of illness on our ships or when travelling to or from our ships, all of which reduces demand; unavailability of ports of call; growing anti-tourism sentiments and environmental concerns; changes in U.S. foreign travel policy; the uncertainties of conducting business internationally and expanding into new markets and new ventures; our ability to recruit, develop and retain high quality personnel; changes in operating and financing costs; our indebtedness, any additional indebtedness we may incur and restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the impact of foreign currency exchange rates, the impact of higher interest rate and fuel prices; the settlement of conversions of our convertible notes, if any, in shares of our common stock or a combination of cash and shares of our common stock, which may result in substantial dilution for our existing shareholders; our expectation that we will not declare or pay dividends on our common stock for the near future; vacation industry competition and changes in industry capacity and overcapacity; the risks and costs related to cyber security attacks, data breaches, protecting our systems and maintaining integrity and security of our business information, as well as personal data of our guests, employees and others; the impact of new or changing legislation and regulations or governmental orders on our business; pending or threatened litigation, investigations and enforcement actions; the effects of weather, natural disasters and seasonality on our business; the impact of issues at shipyards, including ship delivery delays, ship cancellations or ship construction cost increases; shipyard unavailability; the unavailability or cost of air service; and uncertainties of a foreign legal system as we are not incorporated in the United States.
In addition, many of these risks and uncertainties are currently heightened by and will continue to be heightened by, or in the future may be heightened by, the COVID-19 pandemic. It is not possible to predict or identify all such risks.
Forward-looking statements should not be relied upon as a prediction of actual results. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
About Royal Caribbean Group
Royal Caribbean Group (NYSE: RCL) is one of the leading cruise companies in the world with a global fleet of 64 ships traveling to approximately 1,000 destinations around the world. Royal Caribbean Group is the owner and operator of three award winning cruise brands: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises and it is also a 50% owner of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. Together, the brands have an additional 10 ships on order as of June 30, 2022. Learn more at www.royalcaribbeangroup.com or www.rclinvestor.com.
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SOURCE Royal Caribbean Group | https://www.wibw.com/prnewswire/2022/08/02/royal-caribbean-group-announces-pricing-upsizing-1-billion-senior-convertible-notes-offering-refinance-existing-convertible-notes/ | 2022-08-02T03:01:30Z |
Student brawl breaks out over a peanut butter and jelly sandwich, witnesses say
DOTHAN, Ala (WTVY/Gray News) - A fight started Thursday at an Alabama-area high school after two students reportedly got heated over a sandwich.
A spokesperson for Dothan Preparatory Academy said an altercation took place between two students at the school, leading to one of them being stabbed.
“They were apparently involved in a hallway argument,” said Meagan Dorsey, a Dothan City Schools spokesperson.
WTVY reports that witnesses said the students fought over a peanut butter and jelly sandwich with the attacker accused of using a hair pick in the stabbing.
Dorsey described injuries in the incident as minor and said the matter has been referred to Dothan police.
The injured student reportedly needed stitches, with the other facing an assault charge.
Copyright 2022 WTVY via Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/04/08/student-brawl-breaks-out-over-peanut-butter-jelly-sandwich-witnesses-say/ | 2022-04-08T01:16:24Z |
ZURICH, July 1, 2022 /PRNewswire/ -- Chubb Limited (NYSE: CB) today announced that it has completed its acquisition of the life and non-life insurance companies that house the personal accident, supplemental health and life insurance business of Cigna (NYSE: CI) in six Asia-Pacific markets. Chubb paid $5.36 billion for the operations, which include Cigna's accident and health (A&H) and life business in Korea, Taiwan, New Zealand, Thailand, Hong Kong and Indonesia. The reduction in the final purchase price from the original announcement reflects the impacts of rising interest rates and foreign exchange rates on acquired book value and other minor adjustments.
This complementary strategic acquisition advances Chubb by expanding its presence in the Asia-Pacific region, a long-term growth area for the company. With the addition of Cigna's business, Asia-Pacific's share of Chubb's global portfolio will grow to approximately $7 billion in premium from $4 billion, representing about 18% of the total company premiums, with approximately 95% of the acquired business contributing to Chubb's Life Insurance segment and the remainder to its Overseas General Insurance segment. The company's global A&H writings will increase in size to approximately $6 billion in premium, up from $3.7 billion, while the company's life insurance segment becomes a $5.4 billion business.
"Cigna's business, which is approximately 80% A&H, adds significantly to our business in Asia," said Evan G. Greenberg, Chairman and CEO of Chubb. "The Asia-Pacific region offers great potential for long-term growth and wealth creation. The Cigna businesses have favorable underwriting margins, produce high-quality earnings, and are not exposed to the P&C cycle. Chubb is so well positioned to capitalize on market and product opportunities, including the cross-selling of Chubb's non-life products to life customers, with a strong brand, technology, and complementary direct marketing skills and partnerships.
"At the same time, I am also pleased to welcome nearly 3,000 new colleagues to Chubb. Together, the leadership and talented professionals of Chubb and Cigna will enable us to provide greater value to our customers, distribution partners, and shareholders."
Key financial aspects of the transaction are positive: earnings and earnings per share accretion, return on equity accretion and other deal returns are all expected to be consistent with or better than what was originally announced. The underlying business remains strong, with premiums on a constant-dollar basis ahead of plan and continued positive outlook for premium growth. The efficiencies created by the transaction are expected to provide greater flexibility for the company to invest in people, technology, products and distribution in the region. Expense synergies are now projected to be at a run-rate of $100 million pre-tax, or 28% higher than previously estimated, resulting in one-time net integration costs of $140 million pre-tax, which are higher than originally estimated, reflecting the higher expected ongoing expense synergies.
Integration planning has been actively underway since the transaction was announced last October. In Korea, the business will continue to operate under the LINA name, but with a fresh look that aligns with the Chubb brand. In other markets, the businesses will be rebranded as Chubb as the integration progresses and operating entities are combined.
About Chubb
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 34,000 people worldwide. Additional information can be found at: www.chubb.com
Cautionary Statement Regarding Forward-Looking Statements:
Forward-looking statements made in this press release, such as those related to the acquisition of the businesses noted above, potential post-acquisition performance, growth opportunities, integration, and our expectations and intentions that are not historical facts, reflect our current views with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that could cause actual results to differ materially from such statements, including without limitation, statements about the anticipated benefits of the proposed transaction, including future financial results; the receipt of any required regulatory approvals and completion of other closing conditions; our ability to integrate the acquired businesses, operations and employees; general competitive, economic, political, insurance and reinsurance business market conditions; and judicial, legislative, regulatory and other governmental developments, as well as management's responses to these factors, and other factors identified in our filings with the Securities and Exchange Commission.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Chubb Limited IR | https://www.mysuncoast.com/prnewswire/2022/07/01/chubb-completes-acquisition-cignas-personal-accident-supplemental-health-life-insurance-business-asia-pacific/ | 2022-07-01T07:08:40Z |
New federal EV tax credit rules requiring greater domestic content could accelerate Hyundai’s timeline for building electric cars in the United States, according to a recent Reuters report.
Last week’s signing of the Inflation Reduction Act (IRA) expanded the federal EV tax credit by removing the previous 200,000-unit cap for manufacturers and ensuring uninterrupted funding, but it also adds requirements for significant amounts of American-sourced material and assembly of components. And it’s possible that has already encouraged Hyundai to move up its timeline for U.S. EV production.
The South Korean automaker said in May that it would break ground on a new Georgia factory in early 2023, with commercial production starting in the first half of 2025. Hyundai said at the time that it was planning to make 300,000 EVs annually in Georgia—plus batteries.
But now Hyundai is considering starting construction later this year, with commercial production beginning in the second half of 2024, according to the report, which cited the Yonhap news agency.
Meanwhile, South Korean Foreign Minister Park Jin “expressed concerns” over the IRA in a phone call with with U.S. Secretary of State Antony Blinken last week, according to the report. And with South Korea considering whether to file a World Trade Organization complaint, it might join Europe, which has already voiced a similar grievance.
Last week’s signing of the IRA dramatically and immediately cut the number of eligible EVs and plug-in hybrids, including every plug-in vehicle from Hyundai, Kia, Toyota, Lexus, and others. In both of these cases, the parent company had opted to assemble plug-in vehicles in its home country.
The effects of the EV tax credit revamp can already be felt in the leasing market, as lease payments for a range of EVs and plug-in hybrids have spiked.
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- Fisker Ocean EV demand has it looking at expanded production—perhaps in the US | https://cw33.com/automotive/internet-brands/report-ev-tax-credit-rules-might-accelerate-hyundai-timeline-for-us-built-evs/ | 2022-08-23T20:29:06Z |
With a plan to increase its proportion of overseas business to over 30% in the next 3 years
SHENZHEN, China, July 13, 2022 /PRNewswire/ -- Youibot Robotics, a leading provider of industrial mobile robots and solutions in China, has recently announced what the firm has released their "Being Integrated" strategy for overseas markets, as part of a mission to integrate into the foreign expansion plans its own in-country experience and best practices in terms of semiconductors, 3C, and lithium-batteries, alongside the efficient integration capabilities and long-term customer service experience of its local partners. Based on its 4 Options solution which is more accessible to overseas partners, Youibot Robotics is committed to providing comprehensive user-friendly services as a component of its customer-oriented overseas business expansion with the help of local partners.
This year, Youibot Robotics participated in four industrial exhibitions successively in the Asian Pacific region, showcasing a rich lineup of autonomous mobile robots (AMRs) that have attracted much attention from professional customers in South Korea, Thailand, Malaysia and Japan. To date, the company has exported its products to over 30 countries worldwide and operates a global sales and service network in more than 60 countries and regions.
The company's continued expansion and strong leadership in overseas markets is the result of its robust technologies in combination with best practices that it developed in China in relation to precision electronics manufacturing with semiconductors as the core. Based on its extensive industry know-how, Youibot Robotics is dedicated to developing a full-process intelligent logistics solution from wafer production to packaging and testing, in combination with applying its experience in logistics transformation to 3C, PCBs and other precision electronics manufacturing sectors. A number of factory-wide upgrades and other transformative projects have served a wealth of well-renowned brand partners worldwide, among them, TSMC, SMIC, TCL CSOT and Luxshare Precision.
Youibot Robotics' AMR product family has drawn the interest of overseas customers and integrators as it was built based on market conditions in China, and tailored to meet the actual needs of different market niches.
The head of leading South Korea-based automation company S said, "We've seen leading AMR companies around the world developing their technologies continue to mature. When choosing an AMR product, the main concern is how to ensure the product has practical application at scale in the same scenario. What impressed me most is Youibot Robotics' excellent performance in cooperation with company F, rather than its product features."
Leveraging domestic strong R&D resources and strengths, alongside its practical experience in industrial applications, Youibot Robotics is taking the lead in industrial logistics intelligent upgrades in Japan, South Korea, Germany and several countries in Southeast Asia. The Chinese company is also reinforcing its market leadership in Malaysia's and Singapore's semiconductor and electronics manufacturing sectors. In Vietnam, Youibot Robotics has provided flexible and efficient logistics solutions to a world-leading Apple supply chain manufacturer, helping the plant become a demonstration production line for fully automated industrial interconnection across the country. In addition, with the help of existing domestic partners, the company has expanded its business footprint to PCBs, lithium batteries, electronics manufacturing and other sectors in Vietnam. Youibot Robotics has been well received by overseas customers for its superior products and technological prowess.
To better serve overseas customers, Youibot Robotics plans to provide 24×7 sales, technical support and after-sales service capabilities in Japan, Germany and across Southeast Asia. Looking ahead, the company is on track to increase the proportion of its overseas business to over 30% in the coming three years, while continuing to serve global partners with excellent products, and leading the development of mobile robots.
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SOURCE YOUIBOT | https://www.kxii.com/prnewswire/2022/07/14/youibot-robotics-develops-being-integrated-strategy-overseas-markets/ | 2022-07-14T02:43:33Z |
Mother of 2 children found dead in suitcase believed to be in South Korea, police say
(CNN) - A woman believed to be the mother of two children whose remains were found in an auctioned suitcase in New Zealand last week is in South Korea, a Seoul police official told CNN on Monday.
The woman is a Korean-New Zealander, who arrived in South Korea in 2018 but has no record of departing the country, the official said.
She had a Korean nationality before acquiring the New Zealand nationality a “long time ago,” according to the South Korean police official who did not confirm if she was born in South Korea.
Her current whereabouts are unknown, the official added.
The officials from New Zealand police and their South Korean counterparts are coordinating and checking facts via the official Interpol channel.
The New Zealand police told CNN Monday that they were “not in a position to confirm” any new details or “provide further comment at this stage.”
Last week, the New Zealand police confirmed that they have launched a homicide investigation after the remains of two children, believed to be between ages 5 and 10, were found in suitcases bought by a family at an online auction.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.wibw.com/2022/08/22/mother-2-children-found-dead-suitcase-believed-be-south-korea-police-say/ | 2022-08-22T14:34:26Z |
Industry Veteran Joins Firm as New York Metro Region Head of Major Projects
NEW YORK, Sept. 12, 2022 /PRNewswire/ -- Shawmut Design and Construction, a leading $1.3 billion national construction management firm, is pleased to announce Charles Avolio as head of major projects for its New York Metro region, the next step in its aggressive growth plan to increase market share in large-scale projects and expand into new sectors.
Shawmut's significant ten-year growth trajectory will be driven by a dedicated effort to increase market share of larger, more sophisticated projects. This includes continuing to bolster expertise in the commercial, education, healthcare, and life sciences sectors as well as adding large-scale project builders to its team. Hiring Avolio in the newly-created head of major projects role is a pivotal move to drive the New York Metro region's growth and expansion. He brings 36 years of New York experience, most recently leading Suffolk Construction's New York division as president and general manager.
"As we contribute to the fabric of New York City, it's our ethical approach to business as a 100% employee-owned company that allows us to increase the scale of our capabilities and share of work in the market," said Dave Margolius, executive vice president of Shawmut's New York Metro region. "Charlie's tenure and reputation in the industry, dedication to the highest standard of client service, deep roots in New York, and alignment with Shawmut's culture and vision made him a natural fit to drive our growth."
As head of major projects for the New York Metro region, Avolio will spearhead the pursuit and execution of large projects with a focus on the diversification of sectors. He brings operational best practices from an impressive portfolio of major projects for top commercial developments, higher education institutions, and advanced technology facilities for both private and public clients. Avolio will also serve on the regional executive leadership team.
"I was drawn to Shawmut by the people and culture of the firm who share a dedicated commitment to serving clients, partners, and the community," said Avolio. "Joining the New York Metro region at this pivotal business point is extremely energizing, and I'm looking forward to contributing to Shawmut's growth trajectory."
Avolio is actively involved in the construction and real estate industry of New York City, currently serving as a board member for the New York Building Congress. He previously served as co-chair of the Building Trade Employer's Association and was involved with The Association for a Better NY and the Regional Plan Association. His philanthropic relationships include The Salvadori Center in NYC and the Villanova College of Engineering Advisory Board. Recognized for his contributions to the New York market, Avolio was named to City & State's 2021 Construction Power 50 List and honored with the Subcontractors Trade Association's 2020 Silver Shovel Award.
Avolio joins Shawmut as it completes and progresses on marquee projects, including City Harvest's newly-unveiled Cohen Community Food Rescue Center in Brooklyn, The Diagrid Club and Chef Jean-Georges Vongerichten's restaurant at 425 Park Avenue, Marymount Manhattan College's new creative hub at the Judith Mara Carson Center for Visual Arts, and Brooklyn Public Library's first new branch in 40 years with the opening of the Adams Street Library in DUMBO.
Shawmut Design and Construction is a $1.3 billion national construction management firm with a reputation for completing extremely complex and logistically challenging projects. As a 100% employee-owned company, Shawmut has created a culture of ownership, proactive solution-making, and forward-thinking. Over eighty percent of its business comes from repeat clients, with a strong focus on building lasting partnerships. Shawmut has offices in New York, Los Angeles, Boston, Miami, West Palm Beach, and Las Vegas. For more information, please visit www.shawmut.com.
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SOURCE Shawmut Design and Construction | https://www.mysuncoast.com/prnewswire/2022/09/12/shawmut-design-construction-takes-next-step-growth-plan-with-key-executive-hire-charles-avolio/ | 2022-09-12T16:40:14Z |
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