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Asurion® Repair Experts Provide Fast Fixes on Phones, Tablets, Laptops, and More
WOODLANDS, Texas, June 3, 2022 /PRNewswire/ -- A new electronics repair shop, Asurion Tech Repair & Solutions™, has opened in Woodlands at 3026 College Park Drive, Suite B. The store offers professional fixes for most consumer electronics, from smartphones, tablets, and computers to game consoles, smart speakers, drones, and more. The store will host a grand opening celebration on June 18 from 12 to 2 p.m., featuring discounts, giveaways, refreshments, and more.
While common repairs include cracked screens, battery issues, and water damage, the company's repair experts have fixed millions of devices and can help with most any tech mishap, and many basic repairs can be completed in two hours or less.
"There's no repair that's too difficult for our team to handle," said Jill Phillips, Asurion Tech Repair & Solutions District Manager. "We understand the importance of customer service. Not only do we provide expert repairs on devices with the highest quality parts available, but we value each customer relationship and respect their time by offering convenient and affordable fixes in a matter of hours."
The store's expert repair technicians fix all kinds of technology, regardless of make or model, and the store is an authorized repair provider for Samsung Galaxy and Google Pixel smartphones. Customers can book a repair appointment online or stop by the store for walk-in service. The store offers free, no-obligation diagnostics on all gadgets, as well as a 90-day limited warranty on all repairs. It even offers a price match guarantee on any local competitor's regularly published price for the same repair.
The new Asurion Tech Repair & Solutions store brings the company's retail footprint to more than 800 locations across the U.S. Formerly known as uBreakiFix®, all U.S. locations will rebrand as Asurion Tech Repair & Solutions throughout 2022.
"We are excited to serve people in Woodlands with fast and affordable tech repair," said Dave Barbuto, CEO of Asurion Tech Repair & Solutions. "We all rely on our phones and laptops more than ever before, and our mission is bigger than repairing shattered screens and broken charge ports. We fix tech because people depend on it to stay connected to things that are important to them. I look forward to serving this community through our new location."
The new store is located at:
Asurion Tech Repair & Solutions
3026 College Park Dr B, The Woodlands, TX 77384
(936) 703-1338
About Asurion Tech Repair & Solutions™
Asurion Tech Repair & Solutions™, formerly known as uBreakiFix®, is the retail brand operated and franchised by a subsidiary of tech care company Asurion®. As the world's leading tech care company, Asurion eliminates the fears and frustrations associated with technology to ensure its 300 million customers get the most out of their devices, appliances, and connections. Asurion Tech Repair & Solutions stores specialize in the repair of consumer technology, including smartphones, game consoles, tablets, computers, and nearly everything in between. Asurion Tech Repair and Solutions repair experts fix cracked screens, software issues, camera issues, and most other tech mishaps at more than 700 stores across the U.S. The stores provide fast, affordable fixes for nearly any device type, regardless of make or model, including authorized repairs for Google Pixel and Samsung Galaxy smartphones.
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SOURCE Asurion Tech Repair & Solutions | https://www.mysuncoast.com/prnewswire/2022/06/03/asurion-tech-repair-amp-solutions-opens-woodlands/ | 2022-06-03T16:08:45Z |
Applies AI-Enabled Automation to Improve Access to Inpatient & Surgical Care
NEENAH, Wis., Aug. 9, 2022 /PRNewswire/ -- ThedaCare is a health system dedicated to reinventing health care and advancing its mission of improving the health and well-being of communities served. Because of the strong alignment with how the organization envisions the future of health care, ThedaCare announced it has invested $3M in Qventus. It is joining other investors in a $50 million growth investment in the provider of artificial intelligence (AI)-powered software for care operations automation.
ThedaCare is also applying the technology to drive operational efficiencies in inpatient and perioperative care settings and across its organization.
Investing in Automation
Through the investment, ThedaCare will collaborate with Qventus to develop new solutions and innovations, as well as support Qventus in expanding its technology to additional hospitals and health systems across the United States.
"Care operations automation solutions can help relieve some of the prime operational and financial pressures facing hospitals and health systems," said Mark Thompson, ThedaCare Chief Financial Officer and Chief Operating Officer. "As ThedaCare continues our commitment to reinventing health care, partnerships like this will speed up our vision of becoming a leader in population health, remaining focused on the patient, and empowering each person to live their unique, best life."
Qventus is an AI-based SaaS solution purpose-built for care operations automation. The platform integrates with EHRs and leverages AI, machine learning, and behavioral science to automate operations for inpatient, perioperative, emergency department, and command center functions.
For example, the inpatient solution automates early discharge planning to create inpatient bed capacity; the command center solution optimizes patient flow and resource utilization enterprise-wide, allowing health systems to intelligently distribute demand, effectively optimize care progression, and strategically manage post-acute placements; and the perioperative solution automates operating room (OR) scheduling processes to improve OR access and grow surgical revenues.
"Health systems have an opportunity to transform their care operations using automation, and innovative organizations like ThedaCare are leading the way," said Mudit Garg, Qventus Co-founder and Chief Executive Officer. "We are proud to partner with ThedaCare to enable them to run the world-class operations essential for delivering world-class care."
Supporting Patient Care at ThedaCare
As with many health care providers, ThedaCare faced operational challenges by the COVID-19 pandemic and is seeking new solutions that optimize clinical and operational resources and ease the burden on frontline teams. Qventus software can help ThedaCare by supporting automated discharge planning to get patients home safely, OR scheduling, system-wide patient flow and other operational activities. Qventus will be integrated with ThedaCare's electronic health records system to drive additional workflow efficiencies, reduce manual processes and deliver patient-level AI predictions to improve clinical decisions.
"ThedaCare's use of the Qventus platform and solutions can help our organization advance our commitment to putting patients first," said Thompson. "Care operations automation can help improve care delivery, and ensure our patients can access the right care at the right time."
Patients can expect to see shorter lead times for surgeries, more timely discharges and improved transparency into their care progression, due to the enhanced automation at ThedaCare. Care teams can benefit from less manual work, fewer back-and-forth phone calls, and an improved ability to consistently coordinate safe, on-time discharges.
"This partnership advances ThedaCare's commitment to becoming a proactive partner in health, and making health care easier and more affordable," said Thompson. "We look forward to working with Qventus to utilize their real-time automation platform and expertise in AI and machine learning. The partnership can help our care teams continue to deliver coordinated care that patients in Northeast and Central Wisconsin deserve."
About ThedaCare
For more than 110 years, ThedaCare® has been committed to improving the health and well-being of the communities it serves in Northeast and Central Wisconsin. The organization delivers care to more than 600,000 residents in 17 counties and employs approximately 7,000 health care professionals. ThedaCare has 180 points of care, including eight hospitals. As an organization committed to being a leader in Population Health, team members are dedicated to empowering people to live their unique, best lives. ThedaCare also partners with communities to understand needs, finding solutions together, and encouraging health awareness and action. ThedaCare is the first in Wisconsin to be a Mayo Clinic Care Network Member, giving specialists the ability to consult with Mayo Clinic experts on a patient's care. ThedaCare is a not-for-profit health system with a level II trauma center, comprehensive cancer treatment, stroke and cardiac programs, as well as primary care.
For more information, visit thedacare.org or follow ThedaCare on social media. Members of the media should call Cassandra Wallace, Public and Media Relations Consultant at 920.442.0328 or the ThedaCare Regional Medical Center-Neenah switchboard at 920.729.3100 and ask for the marketing person on call.
About Qventus
Qventus is the leading provider of AI-based software for care operations automation. Integrating with EHRs, the Qventus platform uses AI, machine learning, and behavioral science to power best-practice solutions for inpatient, perioperative, emergency department, and command center settings. As a partner to leading health systems and hospitals across the country, including Boston Medical Center, HonorHealth, M Health Fairview, Mercy, and Saint Luke's Health System, Qventus delivers proven outcomes, including 30-50% fewer excess days, 1 full day reduction in length of stay, and over 2 new cases added per operating room per month. For more, visit qventus.com.
Media:
Cassandra Wallace, Cassandra.wallace@thedacare.org, for ThedaCare
Mardi Larson, mlarson@acmarketingpr.com, for Qventus
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SOURCE Qventus | https://www.mysuncoast.com/prnewswire/2022/08/09/thedacare-invests-qventus-enhance-patient-experience-outcomes/ | 2022-08-09T15:21:41Z |
NEW YORK, April 6, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Homology Medicines, Inc..
Shareholders who purchased shares of FIXX during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
CLASS PERIOD: June 10, 2019 to February 18, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) the Company had overstated the efficacy and risk mitigation of its lead product candidate, HMI-102; (ii) accordingly, it was unlikely that the Company would be able to commercialize HMI102 in its present form; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.
DEADLINE: May 24, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/homology-medicines-inc-loss-submission-form/?id=25572&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of FIXX during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is May 24, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm | https://www.wibw.com/prnewswire/2022/04/06/shareholder-alert-gross-law-firm-notifies-shareholders-homology-medicines-inc-class-action-lawsuit-lead-plaintiff-deadline-may-24-2022-nasdaq-fixx/ | 2022-04-06T11:11:48Z |
THE HAGUE, Netherlands (AP) — The European Union has agreed to slash Russian oil imports in a tough escalation of the bloc’s campaign of sanctions to punish Moscow for its invasion of Ukraine. It’s a landmark decision that will hit Russian coffers in the long term, but could also hurt consumers across the European continent.
The move agreed late Monday at an EU leaders’ summit in Brussels comes amid soaring energy prices in Europe and could spark more rises, particularly later this year as nations compete for natural gas supplies to heat homes and fire industries, analysts say.
Just hours before U.S. markets opened Wednesday, benchmark U.S. crude had climbed $1.25 to $115.92 per barrel in electronic trading on the New York Mercantile Exchange.
Analysts say that amid high oil prices, the sanctions are unlikely to hit Russia hard soon, but they deprive Moscow of one of its most important customers for oil — likely for a long time to come.
WHAT HAS THE EU DONE?
European Union leaders agreed to cut Russian oil imports by about 90% over the next six months, a dramatic move that was considered unthinkable just months ago. The 27-country bloc relies on Russia for 25% of its oil.
The ban applies to all Russian oil delivered by sea. It contains a temporary exemption for oil delivered by the Russian Druzhba pipeline to certain landlocked countries in Central Europe. Germany and Poland have agreed to stop using oil from the northern branch of the pipeline.
Russian oil delivered by sea accounts for two-thirds of the EU’s oil imports from Moscow.
WHAT ABOUT GAS?
Russia has the world’s largest natural gas reserves and is the biggest global exporter, according to the International Energy Agency.
But don’t expect the 27-nation bloc’s leaders to sign off on a ban on Russian gas imports any time soon. The bloc imports 40% of its gas — used for everything from generating electricity to heating homes — from Russia, and finding alternative supplies is tougher than for oil.
“Russian oil is much easier to compensate … gas is completely different, which is why a gas embargo will not be an issue in the next sanctions package,” said Austria’s Chancellor Karl Nehammer.
That doesn’t mean gas is immune from the geopolitical tensions. Russia is flexing its economic muscle and retaliating to other sanctions by cutting off or restricting gas supplies to some European nations.
Russian state energy giant Gazprom said this week it is halting the flow of gas to Dutch trader GasTerra and Denmark’s Oersted company and is also stopping shipments to Shell Energy Europe that were bound for Germany. Germany has other suppliers, and GasTerra and Oersted said they were prepared for a shutoff. Gazprom previously stopped the flow to Bulgaria, Poland and Finland.
“Who’s next?” said Lucia van Geuns, an energy expert from The Hague Centre for Security Studies. She said the tightening of the net by Moscow could leave EU countries competing for gas supplies from other sources to fill up storage facilities over the summer and to use next winter — a move that would likely drive up prices even further.
WHAT DOES IT MEAN FOR CONSUMERS?
In short: Higher prices. Amid concerns about the devastating war in Ukraine and moves to punish Russia invading its neighbor, energy bills and gasoline prices have been high for months and governments have been cutting taxes in a bid to spare their citizens.
Even so, energy consumers — that’s basically everybody who flicks a light switch, takes a shower, looks at their phone screen or fills their car’s fuel tank — are feeling the pinch and looking for ways to cut costs where they can.
As oil prices rose again Wednesday, motorists in the eastern Netherlands were crossing the border in droves to refuel in neighboring Germany, where government tax cuts have made a liter of gasoline much cheaper than in the Netherlands. Dutch broadcaster NOS showed lines of cars with Dutch license plates waiting outside German gasoline sellers.
WHAT DOES IT MEAN FOR RUSSIA?
Moscow is waging a hugely expensive war in Ukraine. Oil and gas exports go a long way to footing the bill. Last year they accounted for 45% of the federal budget, the International Energy Agency says.
Europe is Russia’s main energy customer, and once the 27 countries have stopped using its supplies, they may not go back.
Short term, the oil ban will likely not hurt Russia too much amid high oil prices that mean Moscow can sell at a discount to clients in Asia and still make a profit, said Chris Weafer, CEO at Macro-Advisory Ltd., a consulting firm. “The financial pain for Russia probably will come more next year or over the next couple of years if it still has to offer discounts,” Weafer told the AP.
Van Geuns said Moscow’s decision to cut off gas to European customers also will likely hurt Russia in the long term “because they are going to lose a large client and of course Europe is their biggest client as far as gas is concerned.”
WILL THIS HASTEN TRANSITION TO RENEWABLE SOURCES?
In the long term, probably, but in the short term it could actually have the opposite effect. Some lawmakers in the Netherlands have already voiced support for cranking up output from the country’s remaining coal-fired power stations, which are being phased out in an attempt to rein in carbon emissions, so that consumption by gas-fired power stations can be reduced.
Mads Flarup Christensen, secretary-general of Greenpeace Norden, urged the EU to mitigate the effects of the oil sanctions by using less oil.
“If the ban is to have the maximum effect on Putin’s war and on the climate crisis, then there must be immediate reductions in our oil consumption,” Christensen said. “It will require changes in the way we transport ourselves, such as a ban on short-haul routes, lower motorway speeds and cheaper public transport.”
___
Follow AP’s coverage of the Ukraine war at https://apnews.com/hub/russia-ukraine | https://cw33.com/business/ap-business/explainer-effects-of-eu-russia-oil-ban-moscows-response/ | 2022-06-01T16:42:40Z |
Noted trial lawyer earns repeat Best Lawyers in America honors for personal injury litigation
DALLAS, Aug. 19, 2022 /PRNewswire/ -- Trial lawyer Jeffrey Rasansky of the Rasansky Law Firm has been selected by Best Lawyers in America as the Dallas-Fort Worth medical malpractice law plaintiff' Lawyer of the Year for 2023. Additionally, Mr. Rasansky was honored by Best Lawyers for his work on behalf of plaintiffs in the area of personal injury litigation for a sixth consecutive year.
Only one attorney from a metropolitan area in each legal practice area earns the prestigious Lawyer of the Year designation annually. Best Lawyers is the oldest and among the most respected legal guides in the United States.
Known for his aggressive, creative approach to litigation, Mr. Rasansky has earned a reputation among the leading personal injury attorneys in the country. He focuses his practice on catastrophic personal injury and wrongful death cases, including those involving vehicle crashes, medical malpractice, birth injuries and defective products.
In addition to Best Lawyers, his work on behalf of plaintiffs across the country against some of the world's largest insurance companies and businesses has been recognized in the annual D Magazine Best Lawyers in Dallas listing. He has also earned Texas Super Lawyers, Texas Lawyer, and Lawdragon 500 honors.
Best Lawyers honors are selected through extensive surveys of lawyers who provide feedback on the abilities of their peers. The 2023 edition is based on 12.2 million evaluations recognizing more than 71,000 attorneys.
About The Rasansky Law Firm
The Rasansky Law Firm has built a national reputation for excellence by providing quality representation and the highest level of personal service with an award-winning team of experienced attorneys. The trial lawyers at The Rasansky Law Firm are committed to making a difference in their clients' lives and improving the safety of our community at large.
Media Contact:
Rhonda Reddick
800-599-4534
rhonda@androvett.com
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SOURCE Rasansky Law Firm | https://www.kxii.com/prnewswire/2022/08/19/trial-lawyer-jeffrey-rasansky-named-dallas-fort-worth-medical-malpractice-plaintiffs-lawyer-year/ | 2022-08-19T21:22:17Z |
NEW YORK, April 11, 2022 /PRNewswire/ -- Phosplatin Therapeutics Inc., a clinical stage pharmaceutical company focused on small molecule immunogenic therapies in oncology, reported today new non-clinical data on its lead candidate, PT-112, at the American Academy of Cancer Research (AACR) Annual Meeting 2022. The poster presentation, titled, "PT-112 induces potent mitochondrial stress and immunogenic cell death in human prostate cancer cell lines," is available for viewing in person at AACR, which is taking place through April 13 in New Orleans, Louisiana and online in Proceedings of the AACR through the meeting website.
"The study results indicate that PT-112 causes growth inhibition of prostate cancer cells without affecting healthy cells, including effects seen on organelles such as mitochondria, that are consistent with immunogenic cell death (ICD)," said Alberto Anel, PhD, Scientific Researcher at University of Zaragoza/Aragón Health Research Institute, who led the study. "We found that PT-112 selectively induced mitochondrial reactive oxygen species, as well as the release of damage-associated molecular patterns, or DAMPs, which suggests this activity on cellular organelles may be an important component of PT-112's immunogenic cell death mechanism."
"We are encouraged by the activity seen in this research, which was conducted in parallel with our ongoing Phase 2 clinical trial of PT-112 in patients with metastatic castration resistant prostate cancer," said Phosplatin Executive Vice President and Chief Operating Officer, Matthew Price. "The result of this study provides a better understanding of PT-112's mechanism of action, in a manner that is linked to its established immunogenic cell death effects. We view this as very supportive of our ongoing clinical efforts in treating metastatic castration resistant prostate cancer patients, a disease state that is heterogenous and that requires an immune priming approach such as ICD."
The non-clinical study of PT-112 (available Monday, April 11, 2022 from 9:00am – 12:30pm CST as poster presentation number 5) assessed differential sensitivity, cell death mechanism, induction of mitochondrial stress and release of DAMPs. Sensitivity to PT-112 was assessed in human prostate cancer cell lines and the non-tumorigenic prostate cell line RWPE-1. Key findings of the study included the following:
- PT-112 caused growth inhibition and cancer cell death without affecting healthy RWPE-1 cells.
- Caspase inhibition reduced PT-112-induced cell death, with more mild effects seen with necroptosis inhibition, suggesting that cell death is primarily apoptotic.
- PT-112-induced cell death was accompanied by a prominent increase of mitochondrial reactive oxygen species (mtROS) and decrease in mitochondrial membrane potential, as well as by DAMP emission.
- PT-112 activated markers of autophagy, a process associated with ICD and the cellular stress response
- There was a positive relationship between HIF-1alpha expression and the sensitivity to PT-112 in this panel.
PT-112 is a novel small molecule with clinical activity reported across Phase 1 studies in advanced solid tumors including lung, thymoma, castration-resistant prostate cancer, and multiple myeloma. In previous research, PT-112-induced cancer cell death has been shown to be independent of nuclear DNA damage. Additionally, in vitro experiments showed that PT-112 causes mtROS accumulation and DAMP release leading to immunogenic cell death (ICD), a unique form of cancer cell death that elicits an anti-cancer immune response related to the specific way in which a cancer cell dies, and T-cell infiltration.
For more information about Phosplatin's clinical trials, visit the website at www.Phosplatin.com.
About PT-112
PT-112 is a novel small molecule with a unique, pleiotropic mechanism of action that promotes immunogenic cell death (ICD), through the release of damage associated molecular patterns (DAMPs) that bind to dendritic cells and lead to downstream immune effector cell recruitment in the tumor microenvironment. PT-112 may represent the best-in-class inducer of this immunological form of cancer cell death. Further, PT-112 harbors a property known as osteotropism, or the propensity of the drug to reach its highest concentrations in certain areas of the bone, making it a candidate for treatment of patients with cancers that originate in, or metastasize to, the bone. The first in-human study of PT-112 demonstrated an attractive safety profile and evidence of long-lasting responses among heavily pre-treated patients and won "Best Poster" within the Developmental Therapeutics category at the ESMO 2018 Annual Congress. The combination Phase 1b dose escalation study of PT-112 with PD-L1 checkpoint inhibitor avelumab in solid tumors was reported in an oral presentation at the ESMO 2020 Virtual Congress. The Phase 1 study in patients with relapsed or refractory multiple myeloma presented at ASH is the third completed Phase 1 study of PT-112. Monotherapy Phase 2 development is ongoing in mCRPC, and the PD-L1 combination study is ongoing in a dose confirmation cohort of non-small cell lung cancer (NSCLC) patients, and will soon include the Phase 2 proof of concept study in thymic epithelial tumors under the company's collaboration with the NCI.
About Phosplatin Therapeutics
Phosplatin Therapeutics Inc. is a privately held, clinical stage pharmaceutical company that is focused on the development of small molecule immune-modulating therapeutics. The company's lead candidate, PT-112, is a novel chemical entity under clinical development that exhibits a unique combination of properties, including immunogenic cell death and osteotropism. Clinical data generated to date across three Phase 1 studies have demonstrated single-agent anti-cancer activity and an attractive tolerability profile, and three Phase 2 studies of PT-112 are underway. The company's research and development work has been funded by private investors and family investment offices in the United States, Europe and Asia, along with a sub-license agreement for the development, commercialization and use of PT-112 in Greater China. The company also sponsors the ongoing clinical study of PT-112 in combination with the PD-L1 inhibitor avelumab under a collaboration agreement with Pfizer and Merck KGaA, Darmstadt, Germany (operating as EMD Serono in the US and Canada), and has an active collaborative research and development agreement (CRADA) with the NCI to conduct a Phase 2 trial utilizing PT-112 in thymic epithelial tumors.
CONTACTS:
Phosplatin Therapeutics Taylor B. Young
Senior Director of Strategic Development
Tel: +1 646 974 6456
Email: tyoung@phosplatin.com
ICR Westwicke Investors:
Stephanie Carrington
Tel: +1 646 277 1282
Email: Stephanie.Carrington@westwicke.com
Media:
Mark Corbae
Tel: +1 203 682 8288
Email: mark.corbae@westwicke.com
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SOURCE Phosplatin Therapeutics | https://www.wibw.com/prnewswire/2022/04/11/phosplatin-therapeutics-reports-pt-112s-selective-effects-immunogenic-cell-death-human-prostate-cancer-cell-models-aacr-annual-meeting-2022/ | 2022-04-11T15:39:10Z |
Which Dragon Touch tablet is best?
Just like the vast majority of consumer technology, the domestic market for tablet PCs is dominated by larger brands such as Apple, Samsung, Microsoft and Amazon. However, as any bargain hunter or savvy shopper will know, you don’t have to pay a premium for the prestige of owning a name-brand product when you can get a generic model for much cheaper. If any of that sounds appealing to you, you’ll be well served by a quality unit like the Dragon Touch Notepad K10 10 Inch Android Tablet at your disposal.
What to know before you buy a Dragon Touch tablet
Prestige pricing
Prestige pricing refers to the practice of setting an extravagant price for an item while offering no discounts to the consumer. By doing this, companies create a false sense of exclusivity and high quality, because it must be amazing if you spend at least $500-$1000 on an easily damaged and frequently stolen piece of designer technology. While there’s no doubt that the vast majority of iPads, Galaxy Tabs and Microsoft Surfaces perform quite well, you should always ask yourself if you are buying a tablet for its utility or for the clout.
Age-appropriate
As anyone with young children in the age of modern technology can attest, there are many thorny issues regarding the subject of screen time and levels of exposure. However, regardless of your personal opinion on the subject, it is undeniably true that clumsy fingers, juice spills and other unforeseen destruction can wreak havoc on your expensive tablet PCs.
If you end up giving your young child access to your personal, work or leisure tablet, you might rely on the increasingly expensive chip market for any subsequent repairs or replacements. Thankfully, a Dragon Touch tablet provides a durable and affordable means of providing screen time without unnecessary drama or expense.
What to look for in a quality Dragon Touch tablet
For Android users
While Dragon Touch certainly doesn’t have the brand recognition of the ever-popular iPad, the company produces decent technology at a fraction of the typical cost of more well-known manufacturers. For example, you could easily buy six Dragon Touch tablets for the starting price of a single iPad Pro. Depending on the age of the tablet’s intended recipient and the activities they intend to perform with it, you can provide an excellent starter tablet without breaking the bank.
RAM and storage capacity
If you happen to want a top-of-the-line tablet PC that you take everywhere and do absolutely everything with, it may make perfect sense to buy a model that is stuffed to the gills with hardware and software. However, if you’re a college student just starting out or someone looking for a budget entertainment device, why pay for RAM you don’t need or a memory capacity that you will never come close to filling? Rather than shelling out your hard-earned money for something that offers much more than you need, you can save yourself a significant amount of money. For many casual users, 2GB of RAM and 32 GB of space is more than enough to get the job done.
Top-of-the-line tech
While you might expect to have more limited technical specifications with a less expensive tablet PC, Dragon Touch’s offerings are nothing to sneeze at. Just like more recognizable brands, you can expect to enjoy octa-core processors, FHD 1080P IPS touchscreen, mini HDMI ports, MicroSD card slots and much more. Furthermore, all Dragon Touch tablets come installed with the latest version of the Android 10 OS, making them ideal for pairing with a Chromebook and other Google-affiliated services.
How much you can expect to spend on a Dragon Touch tablet
Depending on your desired features and any budgetary considerations, a quality Dragon Touch tablet can cost anywhere from $100-$160, and sometimes more.
Best Dragon Touch tablet FAQ
Are Dragon Touch tablets suitable as a gift for small children?
A. Absolutely. The Dragon Touch KidzPad not only comes with a damage-resistant case, but it also allows parents to monitor any activities, set limits on screen time and set up filters for objectionable content.
How do I download apps if my Dragon Touch tablet has none installed?
A. This can be accomplished via the Google Play app built into your tablet unless you have previously set up any parental controls.
What’s the best Dragon Touch tablet to buy?
Top Dragon Touch tablet
Dragon Touch Notepad K10 10 Inch Android Tablet
What you need to know: This powerful tablet offers incredible features for users of all kinds.
What you’ll love: This unit features Dual-Wi-Fi mode with both 2.4 and 5.0 GHz, built-in 32GB storage, an additional 128G micro SD card, the latest version of Android OS and a 64-bit quad-core processor with speeds up to 1.3GHz and 2GB RAM.
What you should consider: Some users have reported issues with maintaining steady connections as well as battery failures within months of purchase.
Where to buy: Sold by Amazon
Top Dragon Touch tablet for the money
Dragon Touch KidzPad Y88X 7 Kids Tablet
What you need to know: This seven-inch tablet is great for both kids and adults alike.
What you’ll love: This unit comes with a damage and impact resistant Kid-Proof case with multiple lanyards and port coverings, a 7-inch 1024 x 600 IPS HD touchscreen, built-in 32GB of storage, an additional 128G micro SD card, a pre-installed COPPA certified KIDOZ app and a Family Link app.
What you should consider: Some users have reported that the case is not fully waterproof as well as more tech-savvy kids being able to foil parental controls.
Where to buy: Sold by Amazon
Worth checking out
Dragon Touch MAX10 Plus Tablet
What you need to know: This tablet offers more options for both viewing and self-care.
What you’ll love: This unit features a 10.1 inch 1920×1200 FHD Touchscreen with a Wide Color Gamut Display and 135% sRGB as well as TÜV Rheinland-certified and Quantum-Dot technology to reduce eye strain and blue light, a built-in GPS and an Octa-core CPU with 3GB of RAM.
What you should consider: Some users have reported issues with battery life as well as touchscreen responsiveness and poor audio quality.
Where to buy: Sold by Amazon
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/electronics-br/tablets-accessories-br/best-dragon-touch-tablet/ | 2022-06-26T19:05:27Z |
ISTANBUL, July 22, 2022 /PRNewswire/ -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ: HEPS), a leading Turkish e-commerce platform (referred to herein as "Hepsiburada" or the "Company"), today announced the appointment of Nilhan Onal as Chief Executive Officer ("CEO") of the Company, effective January 1, 2023.
Murat Emirdag has decided to step down from his CEO duties for personal reasons. He will continue to lead the company and ensure a smooth transition to the new CEO until January 1, 2023. As of January 1, 2023, Mr. Emirdag will be a non-executive director of the Company's board of directors.
Nilhan Onal joins Hepsiburada from Amazon Europe, where she spent the last seven years focused on business transformation and growth. In her last role, she also oversaw strategy, operations and technology for Amazon's European Fashion business, driving strong results. During her time at Amazon, Nilhan also built and scaled Amazon's SWA (Amazon Shipping) business worldwide, and led a turn-around of Amazon UK Consumer Electronics and European Product Insurance businesses. Prior to joining Amazon, Nilhan Onal had over a decade of experience in managing consumer-focused businesses at Procter & Gamble in Turkey and Europe, leading different categories, from electrical beauty to household care, across various geographies. Among many recognitions, in 2021, she was also named among top Turkish executives in 'Global Turks par excellence' conducted by Heidrick and Struggles.
Hepsiburada's founder and chairwoman, Hanzade Dogan, said: "We are grateful for Murat's leadership, during which he has been an instrumental figure in Hepsiburada's journey achieving significant milestones both in Hepsiburada's growth and in developing Turkey's broader digital ecosystem. He will continue to make a strategic contribution to Hepsiburada's development in his new role as a non-executive board member starting January 2023."
"I am thrilled to welcome Nilhan to lead the next chapter of Hepsiburada. She brings more than 25 years of experience across e-commerce, logistics, demand generation and product development having worked at a global scale within Fortune 500 companies. Nilhan is a builder of both businesses and exceptional talent. With her leadership experience, she will take Hepsiburada into the next phase of our journey, continuing to build on our leading service levels for our customers and merchants."
Nilhan Onal said: "I am delighted to return home to Turkey to be part of Hepsiburada's success story. I love Hepsiburada's mission of being the reliable innovative companion for our customers. I am committed to taking Hepsiburada to the next level to surprise and delight all of our customers and merchants in the region with Turkish hospitality and excellent service levels."
Murat Emirdag took over as CEO of Hepsiburada on February 1, 2019 after serving as an advisory board member. Under his leadership, the Company has achieved significant growth in its core operations while developing an integrated technology ecosystem with capabilities in Fintech, on-demand delivery service, a subscription-based loyalty program, cross-border operations, advertising platform, logistics and fulfillment-as-a-service.
Murat said: "It's been an honor to serve Hepsiburada's customers and business partners alongside its founder, board members and teammates at Hepsiburada, which I see as a great place for bright minds and good hearts to flourish. After years as CEO, next January is the right moment to transition to a non-executive board role where I will advise on longer-term strategic opportunities. I am confident that Nilhan will make a significant contribution to Hepsiburada's journey. The Company has strong fundamentals in place and is well positioned to create long-term value moving forward."
About Hepsiburada
Hepsiburada is a leading e-commerce technology platform in Turkey, combining a globally proven e-commerce business model with a one-stop 'Super App' to cater to our customers' everyday needs and to help make people's daily lives better. Customers can access a broad range of products and services including same-day delivery of groceries and essentials, products from international merchants, airline tickets and payment services through our embedded digital wallet, Hepsipay. As at the end of March 2022, we had seamlessly connected 44.2 million members and 85 thousand Active Merchants.
Founded in Istanbul in 2000, Hepsiburada was built to lead the digitalization of commerce in Turkey. As a female-founded organization, we are committed to meaningful action to empower women. Through our 'Technology Empowerment for Women Entrepreneurs' programme, we have reached over 32 thousand female entrepreneurs across Turkey to date.
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SOURCE Hepsiburada | https://www.wibw.com/prnewswire/2022/07/22/hepsiburada-names-nilhan-onal-new-ceo-january-1-2023/ | 2022-07-22T10:12:15Z |
STOCKHOLM, July 26, 2022 /PRNewswire/ -- BioArctic AB's (publ) (Nasdaq Stockholm: BIOA B) partner Eisai will present new data for lecanemab (BAN2401), an investigational anti-amyloid beta (Aβ) protofibril antibody for the treatment of mild cognitive impairment (MCI) due to Alzheimer's disease (AD) and mild AD (collectively known as early AD) with confirmed presence of amyloid pathology in the brain, at the Alzheimer's Association International Conference (AAIC) to be held in San Diego, California and virtually from July 31 to August 4, 2022. Eisai will present lecanemab data and research in one oral and eight poster presentations at the meeting.
In July 2022, the U.S. Food and Drug Administration (FDA) accepted the Biologics License Application (BLA) for lecanemab under the accelerated approval pathway and was granted priority review, with a Prescription Drug User Fee Act (PDUFA) action date of January 6, 2023. The readout of the primary endpoint data of Clarity AD will occur in the Fall of 2022. The FDA has agreed that the results of Clarity AD when completed, can serve as the confirmatory study to verify the clinical benefit of lecanemab.
Eisai oral presentations on lecanemab
Eisai poster presentations on lecanemab
---
For further information, please contact:
Gunilla Osswald, CEO
E-mail: gunilla.osswald@bioarctic.se
Phone: +46 8 695 69 30
Oskar Bosson, VP Communications and IR
E-mail: oskar.bosson@bioarctic.se
Phone: +46 70 410 71 80
The information was released for public disclosure, through the agency of the contact persons above, on July 26, 2022, at 08:00 a.m. CET.
About lecanemab (BAN2401)
Lecanemab is an investigational humanized monoclonal antibody for Alzheimer's disease (AD) that is the result of a strategic research alliance between BioArctic and Eisai. Lecanemab selectively binds to, neutralize and eliminate soluble toxic Aβ aggregates (protofibrils) that are thought to contribute to the neurodegenerative process in AD. As such, lecanemab may have the potential to have an effect on disease pathology and to slow down the progression of the disease. Eisai obtained the global rights to study, develop, manufacture, and market lecanemab for the treatment of AD pursuant to an agreement concluded with BioArctic in December 2007. In March 2014, Eisai and Biogen entered into a joint development and commercialization agreement for lecanemab. Currently, lecanemab is being studied in a pivotal Phase 3 clinical study in symptomatic early AD (Clarity AD), following the outcome of the Phase 2b clinical study (Study 201). In addition, the Phase 3 clinical study, AHEAD 3-45, for individuals with preclinical (asymptomatic) AD, meaning they are clinically normal and have intermediate or elevated levels of brain amyloid, is ongoing. AHEAD 3-45 is conducted as a public-private partnership between the Alzheimer's Clinical Trial Consortium, funded by the National Institute on Aging, part of the National Institutes of Health, and Eisai. In 2021, DIAN-TU selected lecanemab for a clinical trial for dominantly inherited Alzheimer's disease as a background anti-amyloid treatment when exploring combination therapies with anti tau treatments in dominantly inherited Alzheimer's disease subjects. In June 2021, FDA granted lecanemab Breakthrough Therapy designation and in December 2021, FDA granted lecanemab Fast track designation. Furthermore, Eisai has performed a lecanemab subcutaneous dosing Phase 1 study and the subcutaneous formulation is currently being evaluated in the Clarity AD open label extension study.
About the collaboration between BioArctic and Eisai
Since 2005, BioArctic has long-term collaboration with Eisai regarding the development and commercialization of drugs for the treatment of Alzheimer's disease. The most important agreements are the Development and Commercialization Agreement for the lecanemab antibody, which was signed in December 2007, and the Development and Commercialization agreement for the antibody BAN2401 back-up for Alzheimer's disease, which was signed in May 2015. Eisai is responsible for the clinical development, application for market approval and commercialization of the products for Alzheimer's disease. BioArctic has no development costs for lecanemab in Alzheimer's disease and is entitled to payments in connection with regulatory filings, approvals, and sales milestones as well as royalties on global sales.
About BioArctic AB
BioArctic AB (publ) is a Swedish research-based biopharma company focusing on disease-modifying treatments for neurodegenerative diseases, such as Alzheimer's disease, Parkinson's disease and ALS. BioArctic focuses on innovative treatments in areas with high unmet medical needs. The company was founded in 2003 based on innovative research from Uppsala University, Sweden. Collaborations with universities are of great importance to the company together with its strategically important global partner Eisai in Alzheimer disease. The project portfolio is a combination of fully funded projects run in partnership with global pharmaceutical companies and innovative in-house projects with significant market and out-licensing potential. BioArctic's Class B share is listed on Nasdaq Stockholm Mid Cap (ticker: BIOA B). For more information about BioArctic, please visit www.bioarctic.com.
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SOURCE BioArctic | https://www.wibw.com/prnewswire/2022/07/26/latest-data-lecanemab-be-presented-alzheimers-association-international-conference-aaic/ | 2022-07-26T07:27:20Z |
DALLAS (KDAF) — Easter weekend in North Texas has come and gone, while many were enjoying time with their families over this holiday weekend there was still tons of action across the area.
Dallas Mavericks lost Game 1
First things firsts, it was quite the weekend for sports in North Texas and unfortunately, it was kicked off with some not-so-good news. The Dallas Mavericks lost Game 1 against the Utah Jazz Saturday afternoon.
While it was a valiant effort by the Mavs without superstar Luka Doncic, Donovan Mitchell and Bojan Bogdanovic were too much to handle as the Jazz took Game 1, 99-93. Doncic is doubtful as Game 2 of the first round series is set to tip-off Monday night at 7:30.
Rangers lost to the Los Angeles Angels
Oof, more bad news for fans of North Texas sports… the Texas Rangers are off to a cold start to the MLB season and an Easter weekend that they’d love to forget. After beating the Angels on Thursday, they lost three straight from Friday-Sunday. Which brings their overall record to 2-7.
North Texas wins
Some good news from the sports world, Dallas’ own Jordan Speith added on to his young winning career on Easter Sunday by beating Patrick Cantlay in a playoff at the RBC Heritage in South Carolina. Another North Texas native also notched a big win under their belt as Errol Spence Jr. beat Yordenis Ugas to win his third title belt on Saturday night.
Easter in North Texas
Lastly, and not sports-related, North Texas was able to take a breath and enjoy some time over the Easter weekend with family and friends. Whether it was getting together to watch sports, go out to brunch and enjoy some mimosas, or Easter egg hunts with the kids — fun was had midway through April. There are two more weekends in April before May arrives and school starts to wind down, be sure to fill it with all sorts of fun! | https://cw33.com/news/local/north-texas-weekend-wrap-up-easter-weekend-mavs-lose-game-1-more/ | 2022-04-18T18:59:23Z |
Uvalde schools’ police chief resigns from City Council
UVALDE, Texas (AP) — The Uvalde school district’s police chief has stepped down from his position in the City Council just weeks after being sworn in following allegations that he erred in his response to the mass shooting at Robb Elementary School that left 19 students and two teachers dead.
Chief Pete Arredondo told the Uvalde Leader-News on Friday that he has decided to step down for the good of the city administration. He was elected to the District 3 council position on May 7 and was sworn in — in a closed-door ceremony — on May 31, just a week after the massacre.
“After much consideration, I regret to inform those who voted for me that I have decided to step down as a member of the city council for District 3. The mayor, the city council, and the city staff must continue to move forward without distractions. I feel this is the best decision for Uvalde,” Arredondo said.
Arredondo, who has been on administrative leave from his school district position since June 22, has declined repeated requests for comment from The Associated Press. His attorney, George Hyde, did not immediately respond to emailed requests for comment Saturday.
On June 21, the City Council voted unanimously to deny Arredondo a leave of absence from appearing at public meetings. Relatives of the shooting victims had pleaded with city leaders to fire him.
Representatives of the Uvalde mayor, Don McLaughlin, have not responded to requests for comment Saturday.
Col. Steven McCraw, director of the Texas Department of Public Safety, told a state Senate hearing last month that Arredondo — the on-site commander — made “terrible decisions” as the massacre unfolded on May 24 , and that the police response was an “abject failure.”
Three minutes after 18-year-old Salvador Ramos entered the school, sufficient armed law enforcement were on scene to stop the gunman, McCraw testified. Yet police officers armed with rifles stood and waited in a school hallway for more than an hour while the gunman carried out the massacre. The classroom door could not be locked from the inside, but there is no indication officers tried to open the door while the gunman was inside, McCraw said.
McCraw has said parents begged police outside the school to move in and students inside the classroom repeatedly pleaded with 911 operators for help while more than a dozen officers waited in a hallway. Officers from other agencies urged Arredondo to let them move in because children were in danger.
“The only thing stopping a hallway of dedicated officers from entering room 111 and 112 was the on-scene commander who decided to place the lives of officers before the lives of children,” McCraw said.
Arredondo has tried to defend his actions, telling the Texas Tribune that he didn’t consider himself the commander in charge of operations and that he assumed someone else had taken control of the law enforcement response. He said he didn’t have his police and campus radios but that he used his cellphone to call for tactical gear, a sniper and the classroom keys.
It’s still not clear why it took so long for police to enter the classroom, how they communicated with each other during the attack, and what their body cameras show.
Officials have declined to release more details, citing the investigation.
Arredondo, 50, grew up in Uvalde and spent much of his nearly 30-year career in law enforcement in the city.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/07/02/uvalde-schools-police-chief-resigns-city-council/ | 2022-07-02T18:49:04Z |
NEW YORK and HOUSTON, Aug. 26, 2022 /PRNewswire/ -- DarkPulse, Inc. (OTC: DPLS) ("DPLS" or "the Company"), today announced its wholly owned subsidiary, Optilan, has once again secured three contracts within the same week. The first two are related to the Oil & Gas Industry and located in Iraq and Qatar, respectively. A third contract was won for an offshore wind project located in the United States. We anticipate completion of all three contracts in roughly six months. The contract values total approximately USD $3M. Optilan has also successfully continued expansion of its Fibre and Emergency Response Services business unit.
"We are beginning to see momentum grow as our subsidiaries continue to expand across multiple markets and multiple industries," said DarkPulse CEO, Dennis O'Leary. "Coupled with new key hires the Company recently announced and the successful streamlining of back office operations, we expect to see continued growth across all entities."
Optilan is a global provider of turnkey telecommunications and security systems, and integration services intended to offer one-stop-shop services for all aspects of security and communication applications. The company's services include design, installation, commissioning, support, and maintenance services of satellite, wireless, fiber transmission systems, CCTV security and radio-based systems, enabling the energy, transportation, critical infrastructure and industrial sectors to receive individually tailored, innovative applications and services that deliver value, resilience and flexibility. Optilan is headquartered in the United Kingdom and operates offices in Azerbaijan, India, the Middle East, UAE and Turkey.
DarkPulse, Inc. uses advanced laser-based monitoring systems to provide rapid and accurate monitoring of temperatures, strains and stresses. The Company's technology excels when applied to live, dynamic critical infrastructure and structural monitoring, including pipeline monitoring, perimeter and structural surveillance, aircraft structural components and mining safety. The Company's fiber-based monitoring systems can assist markets that are not currently served, and its unique technology covers extended areas and any event that is translated into the detection of a change in strain or temperature. In addition to the Company's ongoing efforts with respect to the marketing and sales of its technology products and services to its customers, the Company also continues to explore potential strategic alliances through joint venture and licensing opportunities to further expand its global market position.
For more information, visit www.DarkPulse.com
Optilan is a leading independent security and communications systems integrator worldwide. With a 30-year pedigree, our customers trust us to keep the integrity of their assets safe and secure, by managing the life cycle delivery risk of our solutions. By fostering a collaborative design approach to complex problems, we provide innovative solutions, custom fit to even the most demanding of sites and scale of projects. Importantly, our commitment to our safety culture remains unwavered, to ensure that everyone goes home safely every day. We orchestrate business resilience with a suite of end-to-end solutions, combined with connectivity and professional service at a global level. Today's business environment is more dynamic than ever. In response, businesses are urged to move at "internet speed" and evolve with continuous change and disruption accepted as the new normal. We complement our tailored, integrated expertise with a curated ecosystem of leading manufacturers, to achieve both high quality and enduring results. We are proud to foster a unique culture full of talented individuals. Our sector focus ensures that our account teams are fully accredited to their operational areas. Our professionals have the skill to adopt and embed our expertise into existing platforms, processes, and cultures, delivering exceptional value for our clients. Beyond our operational scope, we strive to consider the impact of our global footprint and mitigate associated environmental and sustainability risks. These factors combined set us apart and establish why customers continue to trust and invest in our services.
For more information, visit: www.Optilan.com
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as "believe," "expect," "may," "should," "could," "seek," "intend," "plan," "goal," "estimate," "anticipate" or other comparable terms. All statements other than statements of historical facts included in this news release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to successfully market our products and services; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in our prior filings with the Securities and Exchange Commission. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Media contact:
Cassandra Campbell
Cassandra.Campbell@progresshumanity.org
202-403-2033
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SOURCE DarkPulse, Inc. | https://www.wibw.com/prnewswire/2022/08/26/darkpulse-inc-subsidiary-optilan-again-closes-three-contracts-within-same-week/ | 2022-08-26T15:24:59Z |
Dallas-based Lyons & Simmons, LLP co-founders earn recognition on Lawdragon 500 list
DALLAS, June 21, 2022 /PRNewswire/ -- – Lyons & Simmons, LLP co-founders Michael Lyons and Chris Simmons have earned recognition on the Lawdragon 500 list of Leading Plaintiff Consumer Lawyers for 2022. The Lawdragon legal guide makes its selections based on peer review and careful research.
Trial lawyers Lyons and Simmons are respected for achieving victories for their clients in cases involving catastrophic personal injury and wrongful death cases nationwide.
Their work has propelled them to top rankings and awards, individually and as a firm, from numerous legal and business organizations. In 2021, the Dallas Trial Lawyers Association honored Lyons & Simmons with the John Howie Award, presented annually to firms that exemplify the "courageous pursuit of justice in the face of adversity."
In addition to being named to the Lawdragon 500 list, Lyons has earned individual honors from The Best Lawyers in America, Super Lawyers list of Texas' Top 100 and Dallas-Fort Worth Top 100, the National Law Journal, D Magazine's Best Lawyers, and the National Trial Lawyers Top 100. He is a member of the plaintiff lawyers' Million Dollar and Multi-Million Dollar Advocates Forums.
Likewise, Simmons' individual honors include The Best Lawyers in America, the National Law Journal, Texas Super Lawyers list, D Magazine's Best Lawyers, and the National Trial Lawyers Top 100, in addition to his inclusion on the Lawdragon 500 list. He is also a member of the Million Dollar and Multi-Million Dollar Advocates Forums.
Lawdragon's 500 Leading Plaintiff Consumer Lawyers recognizes the lawyers who stand on the front line in the pursuit of justice by taking on the toughest cases. Selection is based on peer assessment and independent research of an attorney's record of securing positive verdicts and settlements. Lawdragon received thousands of nominations before identifying the top 500 attorneys for 2022. The complete list can be found at https://www.lawdragon.com/guides/2022-04-19-the-2022-lawdragon-500-leading-plaintiff-consumer-lawyers.
About Lyons & Simmons LLP
Dallas-based Lyons & Simmons, LLP, is a trial boutique representing clients in wrongful death, personal injury, products liability and complex "bet-the-company" business litigation matters across the country. To learn more, visit http://www.Lyons-Simmons.com.
Media Contact:
Rhonda Reddick
800-559-4534
rhonda@androvett.com
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SOURCE Lyons & Simmons | https://www.mysuncoast.com/prnewswire/2022/06/21/michael-lyons-chris-simmons-honored-among-top-plaintiff-lawyers-us/ | 2022-06-21T21:00:21Z |
Veteran International Luxury Real Estate Executive Will Lead Efforts to Expand and Identify New Markets, Agents, Agent Teams and Business Opportunities for the Brokerage.
NEW YORK , June 2, 2022 /PRNewswire/ -- Douglas Elliman Realty, one of the largest independent residential real estate brokerages in the United States, announced today that Rick Moeser has joined the company as CEO of Business Development. A leading executive with more than 30 years of experience in luxury residential real estate, Moeser will lead the brokerage's efforts to expand into new markets, recruit top agent talent and identify new business opportunities.
"Rick has earned a sterling reputation as a builder of global affiliate networks that generate tens of billions in annual sales," said Howard M. Lorber, Executive Chairman, Douglas Elliman. "Douglas Elliman is now further poised to achieve great things through his leadership and expertise."
Moeser joins the company from Christie's International Real Estate, where he served for 17 years as Executive Director. He was previously a Senior Vice President for Sotheby's International Realty.
"Bringing in an executive of Rick's caliber is clear testament to our commitment to thoughtful growth and strategic expansion," said Scott Durkin, Chief Executive Officer, Douglas Elliman Realty. "There is no better person—at no better time—to help this company make good on that commitment."
Over his career, Moeser established and managed a network of more than 100 real estate affiliations worldwide, while personally managing 40 firms at Christie's International Real Estate.
"Few companies with the history and stature of Douglas Elliman have shown as much boldness and ambition in facing the future," said Rick Moeser, CEO, Business Development, Douglas Elliman Realty. "I am thrilled and proud to be joining Elliman and its century-long commitment to reimagining the real estate industry."
Moeser will be a member of the corporate executive team.
About Douglas Elliman Inc.
Douglas Elliman Inc. (NYSE: DOUG, "Douglas Elliman") owns Douglas Elliman Realty, LLC, which is one of the largest residential brokerage companies in the New York metropolitan area, which includes New York City, Long Island, Westchester, Connecticut, New Jersey and the Hamptons, and the sixth largest in the U.S., with operations in California, Colorado, Texas, Nevada, Florida and Massachusetts. In addition, Douglas Elliman sources, uses and invests in early-stage, disruptive property technology ("PropTech") solutions and companies and provides other real estate services, including development marketing, property management and settlement and escrow services in select markets. Additional information concerning Douglas Elliman is available on its website, www.elliman.com.
Investors and others should note that we may post information about Douglas Elliman on our website at www.elliman.com or, if applicable, on our accounts on Facebook, Instagram, LinkedIn, TikTok, Twitter, YouTube or other social media platforms. It is possible that the postings or releases could include information deemed to be material information. Therefore, we encourage investors, the media and others interested in Douglas Elliman to review the information we post on our website at www.elliman.com and on our social media accounts.
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SOURCE Douglas Elliman Realty | https://www.kxii.com/prnewswire/2022/06/02/douglas-elliman-welcomes-rick-moeser-ceo-business-development/ | 2022-06-02T15:58:06Z |
HAMILTON, Bermuda, Aug. 10, 2022 /PRNewswire/ -- Reference is made to Borr Drilling Limited's ("Borr Drilling") (NYSE: "BORR") (OSE: "BORR") stock exchange announcements of August 10, 2022, relating to the pricing of the equity offering through the subscription and allocation of a total of 69,444,444 new common shares (the "Offer Shares"), each at a subscription price of USD 3.60 per Offer Share (equivalent to NOK 35.00 per Offer Share), raising gross proceeds of USD 250 million. The Offer Shares will be listed on the New York Stock Exchange.
The following persons discharging managerial responsibilities ("PDMRs") in Borr Drilling have subscribed for and been conditionally allocated the following Offer Shares at the Subscription Price:
Companies affiliated with Director and Vice Chairman Tor Olav Trøim: 5,555,555 Offer Shares. After delivery, Trøim and his affiliated parties will represent an ownership in Borr Drilling of 15,780,490 shares in the Company.
Neil Glass, Director of Borr Drilling: 12,500 Offer Shares. After delivery, Mr. Glass will own 128,652 shares in the Company.
Patrick Schorn, Chief Executive Officer of Borr Drilling: 100,000 Offer Shares. After delivery, Mr. Schorn will own 1,100,000 shares in the Company.
Magnus Vaaler, Chief Financial Officer of Borr Drilling: 10,000 Offer Shares. After delivery, Mr. Vaaler will own 75,000 shares in the Company.
This information is subject to disclosure requirements pursuant to Sections 4-2 and 5-12 of the Norwegian Securities Trading Act and article 19 of the Regulation EU 596/2014 (Market Abuse Regulation).
Questions should be directed to: Magnus Vaaler, CFO, +44 1224 289208
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SOURCE Borr Drilling Limited | https://www.mysuncoast.com/prnewswire/2022/08/10/borr-drilling-limited-mandatory-notification-trades/ | 2022-08-10T10:54:56Z |
Police: 6 wounded in shooting in Chattanooga, Tennessee
CHATTANOOGA, Tenn. (AP) — Police in Tennessee say six people were wounded during an exchange of gunfire in a downtown Chattanooga business district.
Police spokesman Jeremy Eames says at least one person of interest was detained shortly after the shooting Saturday night.
A police statement did not indicate whether anyone was charged.
Eames says several gunshot victims were taken to a hospital and two of the injuries are life threatening.
The ages of the victims were not immediately released but most were believed to be teenagers and young adults.
Eames said large groups of juveniles were walking around the downtown area and it’s believed the shooting took place from within that group.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/05/29/police-6-wounded-shooting-chattanooga-tennessee/ | 2022-05-29T20:27:48Z |
DALLAS (KDAF) — A new survey says that Americans, and Texans, are losing sleep.
According to Harmony Healthcare It, nearly nine out of 10 people surveyed said they have trouble falling asleep, and more than half of all people they surveyed said they struggle to sleep at least once a week or more.
Going further, they looked at what sleep-related problems Americans are googling the most. Their findings say that Texans specifically Google ‘insomnia’ the most.
Dallas (15) and Fort Worth (23) made the survey’s list of the 30 most sleepless cities, ranked by the number of google searches related to insomnia.
Here is the full list:
- Las Vegas
- Baltimore
- Denver
- Seattle
- Boston
- Portland
- Washington D.C.
- Austin
- Nashville
- Charlotte
- Detroit
- Columbus
- San Francisco
- Memphis
- Dallas
- San Jose
- Philadelphia
- Indianapolis
- Louisville
- Houston
- El Paso
- Jacksonville
- Fort Worth
- San Diego
- Oklahoma City
- Chicago
- San Antonio
- Los Angeles
- Phoenix
- New York City
For the full report, visit harmonyhit.com. | https://cw33.com/news/local/dallas-fort-worth-rank-in-top-30-sleepless-cities-in-the-nation/ | 2022-04-30T14:15:11Z |
Job posting activity at a record high as tech companies add workers for the 18th straight month
DOWNERS GROVE, Ill., June 3, 2022 /PRNewswire/ -- Employer hiring activity for technology positions as measured by job postings remain at record levels and technology companies added workers for the 18th straight month, according to analysis by CompTIA, the nonprofit association for the information technology (IT) industry and workforce.
CompTIA's analysis of today's "#JobsReport" from the U.S. Bureau of Labor Statistics (BLS) shows that at the technology industry level companies added 22,800 net new workers in May.[1] Through the first five months of 2022 employment has increased by 106,700 positions and is tracking 69% ahead of the same period versus 2021.
Employer hiring activity as measured by job postings for tech positions totaled 623,627 for the month and nearly 2.2 million year-to-date. This represents a 52% increase versus the same period of the previous year.
"The data speaks to the broad-based nature of the tech workforce," said Tim Herbert, chief research officer at CompTIA. "It also speaks to the many factors affecting employment and situations where sectors or companies easing up on hiring may be offset by sectors or companies increasing hiring."
Tech occupations throughout the economy increased by a modest 2,000 positions in May. The unemployment rate for tech occupations edged up to 2.1%, compared to the overall national unemployment rate of 3.6%.
Positions for software developers and engineers (204,084) accounted for nearly a third of all employer tech job postings in May, an increase of more than 77,000 from April. Increases in hiring activity for IT project managers, IT support specialists, systems engineers and architects and network engineers and architects were also reported. One-third of all postings were for positions in emerging technologies or jobs requiring emerging tech skills.
Employer hiring intent was strong across several industries, including professional, scientific and technical services, finance and insurance, manufacturing, information, retail trade, health care and social assistance, public administration and educational services. The search for tech talent was widely dispersed across geographies, as well. Four metro areas (New York City, Dallas, Los Angeles and Washington) recorded tech jobs postings totals that surpassed 31,000 positions.
Hiring in the IT services and custom software development category (+13,100 new positions) led May's tech sector job growth. Data processing, hosting and related services, computer and electronic products manufacturing and other information services, including search engines were also in positive territory, while jobs in telecommunications declined.
The "CompTIA Tech Jobs Report" is available at https://www.comptia.org/content/tech-jobs-report. For more analysis and perspective visit the CompTIA Tech Job Report video series at https://www.youtube.com/playlist?list=PLuqIJd7KnBU_nZd2oXEwa0I5X7Vt124eM.
The Computing Technology Industry Association (CompTIA) is a leading voice and advocate for the $5 trillion global information technology ecosystem; and the estimated 75 million industry and tech professionals who design, implement, manage, and safeguard the technology that powers the world's economy. Through education, training, certifications, advocacy, philanthropy, and market research, CompTIA is the hub for unlocking the potential of the tech industry and its workforce. https://www.comptia.org/
Media Contact
Steven Ostrowski
CompTIA
sostrowski@comptia.org
+1 630-678-8468
1 Employment data from the U.S. Bureau of Labor Statistics and job posting data from EMSI Burning Glass may be subject to backward revisions.
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SOURCE CompTIA | https://www.mysuncoast.com/prnewswire/2022/06/03/new-tech-hiring-data-signals-technologys-broad-impact-economy-employment-comptia-analysis-reveals/ | 2022-06-03T17:42:16Z |
Organ Procurement Organization Becomes Lifetime Trustee of Baldrige Institute
WASHINGTON, June 14, 2022 /PRNewswire/ -- Mid-America Transplant, a leader in organ and tissue procurement for transplantation located in St. Louis, Missouri, became the eighth and newest member of the Mac Baldrige Society, the Trustees of the Baldrige Foundation's Institute for Performance Excellence.
"The Foundation established the Institute for Performance Excellence in June 2020," said Al Faber, President and CEO of the Baldrige Foundation, "to be a thought leader on performance excellence, leadership, and management."
"The Mac Baldrige Society, limited to 20 elite members," continued Faber, "are the Trustees of the Institute which, by their commitment, demonstrate they and their organizations recognize the importance of the Baldrige Foundation's mission: to promote organizational performance excellence in the United States and throughout the world by supporting the Baldrige Program."
Mid-America Transplant is a private, nonprofit organ procurement organization and an eye and tissue bank serving 84 counties in three states (Missouri, Illinois, and Arkansas), with a combined population of 4.7 million. Exemplifying its mission, "we save lives through excellence in organ and tissue donation," Mid-America Transplant collaborates with its partner hospitals to procure donated organs and tissues and then provide them to transplant centers and tissue processors. Mid-America Transplant has an annual gross revenue of approximately $80 million and a workforce of about two hundred employees.
Mid-America Transplant has been integrating the Baldrige criteria into its day-to-day operations for nearly two decades. "Mid-America Transplant began our Baldrige journey in 2003 as a way to continuously improve how we operate, so we could save more lives through organ and tissue donation," said Diane Brockmeier, President and CEO at Mid-America Transplant. "Since then, the tenets of quality and performance improvement have become the Mid-America Transplant way, helping us set donation records year after year and giving more people a second chance at life."
Since adopting the Baldrige Excellence Framework with the goal of saving more lives, Mid-America has continuously improved processes and outcomes to increase the number of lifesaving organs transplanted by 167 percent and increase the impact of tissue donation by 385 percent.
Mid-America Transplant has been a champion for Baldrige, including having several executives serve on the Board of Examiners for the Malcolm Baldrige National Quality Award, and Diane Brockmeier has also served on the Baldrige Foundation Board of Directors. In addition, Mid-America Transplant has helped several other organ procurement organizations adopt the Baldrige framework. And now, Ms. Brockmeier continued, "We are honored to continue to champion the framework as a member of the Mac Baldrige Society."
"The Institute Trustees," said Faber, "are making a commitment to preserve and promote the Baldrige Framework and to help ensure that Baldrige remains relevant for future generations of organizations across all sectors of the economy. We are grateful for their support."
For more information, contact: Mark Wayda, 614-600-0432 or at mwayda@baldrigefoundation.org.
The Baldrige Foundation was created as the private partner to the Baldrige Performance Excellence Program in 1988. Its mission is to ensure the long-term financial viability of the Baldrige Performance Excellence Program and to support organizational performance excellence throughout the U.S. and the world. The Baldrige Program located at NIST within the U.S. Department of Commerce, is a separate entity and is solely responsible for managing and administering the Malcolm Baldrige National Quality Award. For more information on the Baldrige Award process please visit: https://www.nist.gov/baldrige/baldrige-award.
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SOURCE Malcolm Baldrige Foundation | https://www.mysuncoast.com/prnewswire/2022/06/14/baldrige-foundation-announces-newest-mac-baldrige-society-member-mid-america-transplant/ | 2022-06-14T13:33:42Z |
DALLAS (KDAF) — Home prices are still as competitive as ever. According to a new Real Estate Market Report by Zillow, buyer demand is still high which means prices are continuing to go up.
In the nation, Zillow says the home value index is at $344,141 which is a 20% year-over-year increase from last year.
In Texas, the home value index is $381,089, a 30% increase since last year.
READ: Rent jumped 21% in DFW in the last year, report says
Rent prices are also seeing high year-over-year increases as well. According to Realtor.com’s Monthly Rental Report, overall rent in the Dallas-Fort Worth Metroplex jumped 21% in the last year.
For a full report on home values, click here. | https://cw33.com/news/local/dfw-home-value-index-saw-30-increase-in-the-past-year-zillow-says/ | 2022-05-24T18:09:44Z |
Asurion® Repair Experts Provide Fast Fixes on Phones, Tablets, Laptops, and More
GARDEN CITY, N.Y., June 27, 2022 /PRNewswire/ -- A new electronics repair shop, Asurion Tech Repair & Solutions™, has opened in Garden City at 575 Stewart Ave. The store offers professional fixes for most consumer electronics, from smartphones, tablets, and computers to game consoles, smart speakers, drones, and more.
While common repairs include cracked screens, battery issues, and water damage, the company's repair experts have fixed millions of devices and can help with most any tech mishap, and many basic repairs can be completed in 45 minutes or less.
The store is owned by Daljit Singh, Manuel Castineiras, and Harpreet Katari, who also own three additional locations in New York and Louisiana.
"We are excited to show Garden City what quality repair and excellent customer service looks like," Singh said. "Whether you are bringing in a cracked phone screen or a broken gaming console, our professionally trained and certified technicians are ready to get you back up and running."
The store's expert repair technicians fix all kinds of technology, regardless of make or model, and the store is an authorized repair provider for Samsung Galaxy and Google Pixel smartphones. Customers can book a repair appointment online or stop by the store for walk-in service. The store offers free, no-obligation diagnostics on all gadgets, as well as a 1-year limited warranty on all repairs. It even offers a price match guarantee on any local competitor's regularly published price for the same repair.
The new Asurion Tech Repair & Solutions store brings the company's retail footprint to more than 800 locations across the U.S. Formerly known as uBreakiFix®, all U.S. locations will rebrand as Asurion Tech Repair & Solutions throughout 2022.
"We are excited to serve people in Garden City with fast and affordable tech repair," said Dave Barbuto, CEO of Asurion Tech Repair & Solutions. "We all rely on our phones and laptops more than ever before, and our mission is bigger than repairing shattered screens and broken charge ports. We fix tech because people depend on it to stay connected to things that are important to them. I look forward to serving this community through our new location."
The new store is located at:
Asurion Tech Repair & Solutions
575 Stewart Ave, Garden City, NY 11530
(516) 388-3553
Asurion Tech Repair & Solutions™, formerly known as uBreakiFix®, is the retail brand operated and franchised by a subsidiary of tech care company Asurion®. As the world's leading tech care company, Asurion eliminates the fears and frustrations associated with technology to ensure its 300 million customers get the most out of their devices, appliances, and connections. Asurion Tech Repair & Solutions stores specialize in the repair of consumer technology, including smartphones, game consoles, tablets, computers, and nearly everything in between. Asurion Tech Repair and Solutions repair experts fix cracked screens, software issues, camera issues, and most other tech mishaps at more than 700 stores across the U.S. The stores provide fast, affordable fixes for nearly any device type, regardless of make or model, including authorized repairs for Google Pixel and Samsung Galaxy smartphones.
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SOURCE Asurion Tech Repair & Solutions | https://www.wibw.com/prnewswire/2022/06/27/asurion-tech-repair-amp-solutions-opens-garden-city/ | 2022-06-27T21:31:56Z |
PHOENIX (AP) — Dick Kelsey, a retired Associated Press broadcast editor who was revered as much for his humor as his hardworking nature, has died after a seven-year battle with cancer. He was 76.
Kelsey died Thursday surrounded by loved ones at his Phoenix home.
The longtime editor never sought attention in the newsroom of AP’s West Regional Desk in Phoenix unless it was to share a funny story or sly observation. From the glint in his eye, it was clear when he was about to toss out a joke or his own funny spin on the day’s news.
A storyteller at heart, Kelsey regaled co-workers with anecdotes of his exploits in AM radio in Buffalo, New York, in the 1970s and coverage of decades-old stories. He also had an encyclopedic knowledge of rock ‘n’ roll and an uncanny ability to recite an apt lyric from Chuck Berry, Bruce Springsteen or Bob Dylan that connected with the dominant news story of the day, said Josh Hoffner, AP news editor for national beats and one of Kelsey’s former managers.
“Dick was a talented journalist, a gleeful storyteller and a terrific all-around person who was absolutely adored by his many colleagues and friends at the AP,” Hoffner said. “He loved nothing more than rolling up his sleeves and going to work on a big breaking story. His presence in the newsroom was legendary, with his infectious sense of humor, sharp wit and love of puns that never disappointed (even the bad ones).”
Kelsey worked primarily in broadcast during his time in Arizona, editing state news summaries sent to radio and TV stations across the Western U.S. Even when the West Regional Desk — which includes a team of Phoenix reporters — was a hectic hub over a major story, he remained calm.
“Dick was a steady presence on the AP’s west region broadcast desk,” said Chris Havlik, an AP video producer and former broadcast supervisor. “He could always be counted on to keep things light in the newsroom even when he was in the middle of writing and updating news summaries for 13 different states seemingly all at once.”
J. Richard Kelsey was born in Buffalo, New York, and grew up in nearby Lockport. He fell in love with radio and television at a young age. Overcoming a childhood stutter fueled his mission to someday be on the air in whatever medium so people would listen to his voice, said his wife, Sharon.
“That’s all he ever wanted to be,” she said. “How many other people are that lucky to get to do exactly what they wanted to do with their life?”
At Ball State University in Muncie, Indiana, Kelsey decided to minor in radio-TV and ended up in a few classes with a young David Letterman. Kelsey would confirm that the former “Late Show” TV host was just as hilarious then.
Upon graduation, he was hired at his hometown radio station, WUSJ. He thrived as a disc jockey, newsman and talk show host. From there, Kelsey went to radio stations in Buffalo and Erie, Pennsylvania. By 1980, he moved westward and had broadcast stints in Denver and Austin, Texas.
Kelsey then made the leap into print journalism and spent a few years at the United Press International in Dallas. By the 1990s, he moved to its Denver office and was covering some of the biggest news stories. Among them were 6-year-old JonBenet Ramsey’s killing and the Oklahoma City bombing trials.
“I think he was quite proud of that — that he was able to juggle all that and get the information, help everybody,” Sharon Kelsey said.
When the UPI/Denver bureau closed, Kelsey took a job as a news director at a radio station and then as a writer/assignment editor at a TV station. In 2005, he landed at the AP as a broadcast editor in Kansas City, Missouri.
Jim Clarke, AP’s managing director of local markets, was the news editor who hired Kelsey. Clarke recalls getting a call from Kelsey his first day in town. His new hire had gotten into an accident, and his car — with all his belongings — was totaled. But what stuck out was Kelsey’s resilience.
“He instantly fell into the routine. I mean, I’ve on-boarded a few reporters and editors in my life at the AP, but this guy took to it absolutely like a fish to water,” Clarke said. “The broadcast report instantly improved because he wanted to do a good job.”
Kelsey also enjoyed keeping in touch with anyone he mentored — and not just in journalism. He was very proud of being 28 years sober and using his experience when being a sponsor for someone else.
“He helped other people shine,” Sharon Kelsey said. “He was brilliant in his own way. But it was an unassuming way. … And I think that’s a real quality.”
Besides his wife, Kelsey is survived by his daughter, Jennifer, son-in-law Eric, grandson Cooper and sister M. Jane Kelsey. A private service is planned.
On his last day before retiring in 2017, Kelsey sent a parting note to colleagues saying he was, for once, speechless.
“This has been a bittersweet day for me, but the sweet part is all the kind words I’ve received by phone, email and IM,” Kelsey wrote. “The past 12 years, 8 months and 15 days (give or take) at The Associated Press have given me a ringside seat to real journalism alongside the best in the business. Stay cool everyone.” | https://cw33.com/news/u-s-news/ap-u-s-headlines/dick-kelsey-beloved-ap-broadcast-editor-dies-at-age-76/ | 2022-04-05T13:44:53Z |
Windward will provide law enforcement and government agencies a holistic view of all the implications of IUU fishing
LONDON, May 17, 2022 /PRNewswire/ -- Windward (LSE: WNWD), the leading Maritime AI company, announced today the expansion of its AI insights to include maritime risk related to illegal, unregulated, and unreported (IUU) fishing. The expansion will allow new and existing customers, including law enforcement and government authorities to have a comprehensive view of IUU fishing related risks through AI-powered behavioral models that analyze and flag all fishing vessels and supporting fleets involved.
IUU fishing is one of the greatest threats to marine ecosystems and fish-based economies to the extent that it has replaced piracy as the top maritime security threat by the US Coast Guard. IUU fishing has a significant environmental impact with an estimated fifth of fish being captured illegally, a significant threat to the marine ecosystem and survival of fish species.
However, the implications of IUU fishing go beyond environmental concerns into economic and geopolitical issues. In recent years, domestic and long-distance fishing fleets have become tools used by nations for maintaining presence, asserting power, and enabling geopolitical expansion. It's therefore critical for authorities to closely monitor these fishing fleets with a clear overview of all actors involved including connected countries, companies, and vessel owners.
Windward's behavior-based model, powered by cutting edge AI and domain expertise, is designed to look further than basic monitoring of illegal fishing, supporting law enforcement entities and intelligence units in their investigations of the broader criminal and political implications of such fishing operations. These include a variety of illegal activities ranging from human trafficking, food fraud, and tax evasion to forced labor violations.
"Illegal fishing is a major concern in and of itself, but it's also a symptom of other issues plaguing the maritime industry," said Matan Peled, Co-Founder and Head of US Business at Windward. "Fishing ships that engage in IUU fishing are quite often involved with slave labor and other criminal activity, in some cases on behalf of foreign governments encroaching on other sovereign governments' exclusive economic zones. Governmental authorities need to move beyond siloed methods of maritime domain awareness and gain a holistic view of malignant actors to mitigate the geopolitical, economic, and environmental risks involved with IUU fishing."
Windward's AI platform is powered by advanced machine learning and behavioral analytics models, empowering its clients across the government, finance, shipping, energy sectors, and beyond to optimize business practices and efficiently navigate all aspects of maritime risk in real-time.
About Windward
Windward (LSE:WNWD), a publicly traded company on the London Stock Exchange, is the leading Maritime AI company, enabling organizations to achieve business and operational readiness. Windward's AI-powered solution allows stakeholders including banks, commodity traders, insurers, and major energy and shipping companies to make real time, predictive intelligence-driven decisions, providing a 360° view of the maritime ecosystem and its broader impact on safety, security, finance, and business. For more information visit: https://windward.ai/.
Media Contact
Sarah Schloss
Headline Media
sarah.schloss@headline.media
+1 914 506 5105
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SOURCE Windward | https://www.mysuncoast.com/prnewswire/2022/05/17/windward-expands-its-ai-insights-include-geopolitical-economic-risks-illegal-unregulated-unreported-iuu-fishing/ | 2022-05-17T11:41:28Z |
Did you lose money on investments in Digital Turbine? If so, please visit Digital Turbine, Inc. Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com to discuss your rights.
NEW YORK, June 24, 2022 /PRNewswire/ -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of Digital Turbine, Inc. ("Digital Turbine" or the "Company") (NASDAQ: APPS) between August 9, 2021 and May 17, 2022, inclusive (the "Class Period"). The lawsuit was filed in the United States District Court for the Western District of Texas and alleges violations of the Securities Exchange Act of 1934.
Digital Turbine is a software company that delivers products to assist third parties in monetizing through the utilization of mobile advertising. The Company completed the acquisitions of AdColony Holdings AS ("AdColony") and Fyber N.V. ("Fyber") on April 29 and May 25, 2021, respectively.
Plaintiff alleges that Defendants made materially false and misleading statements throughout the Class Period. Specifically, Defendants failed to disclose to investors that: (1) the Company's recent acquisitions, AdColony and Fyber, act as agents in certain of their respective product lines; (2) as a result, revenues for those product lines must be reported net of license fees and revenue share, rather than on a gross basis; (3) the Company's internal control over financial reporting as to revenue recognition was deficient; and (4) as a result of the foregoing, the Company's net revenues were overstated throughout fiscal 2022.
On May 17, 2022, Digital Turbine issued a press release revealing that it will "restate its financial statements for the interim periods ended June 30, 2021, September 30, 2021, and December 31, 2021, following a review of the presentation of revenue net of license fees and revenue share for the Company's recently acquired businesses."
On this news, the Company's shares fell $1.93 to close at $25.28 per share on May 18, 2022.
If you wish to serve as lead plaintiff, you must move the Court no later than August 5, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.
If you purchased APPS securities, and/or would like to discuss your legal rights and options please visit Digital Turbine, Inc. Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for ten consecutive years.
ATTORNEY ADVERTISING. © 2022 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Contact Information:
Peter Allocco
Bernstein Liebhard LLP
https://www.bernlieb.com
(212) 951-2030
pallocco@bernlieb.com
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SOURCE Bernstein Liebhard LLP | https://www.mysuncoast.com/prnewswire/2022/06/24/digital-turbine-inc-nasdaq-apps-shareholder-class-action-alert-bernstein-liebhard-llp-reminds-investors-deadline-file-lead-plaintiff-motion-securities-class-action-lawsuit-against-digital-turbine-inc-nasdaq-apps/ | 2022-06-25T01:29:46Z |
BOSTON and LAUSANNE, Switzerland, June 15, 2022 /PRNewswire/ -- SOPHiA GENETICS SA (Nasdaq: SOPH) ("the Company"), today announced that the Company has published its first Environmental, Social and Governance Impact Summary ("ESG Impact Summary"). The ESG Impact Summary highlights the Company's policies, ongoing practices, and recent initiatives across a range of areas including innovation and access, protecting patient data, empowering its people, as well as other key priority areas. The ESG Impact Summary is available on SOPHiAGENETICS.COM, in the Investor Relations section.
"We are thrilled to be taking the first steps in SOPHiA GENETICS' ESG journey. We place patient care at the heart of all our decisions. Our success is deeply rooted in our core values and the positive impact we have in the ESG areas across all levels of the organization. This is critical to our mission of creating a wiser and more sustainable healthcare system," said Dr. Jurgi Camblong, Co-Founder and CEO at SOPHiA GENETICS.
SOPHiA GENETICS (Nasdaq: SOPH) is a healthcare technology company dedicated to establishing the practice of data-driven medicine as the standard of care and for life sciences research. It is the creator of the SOPHiA DDM™ Platform, a cloud-native platform capable of analyzing data and generating insights from complex multimodal data sets and different diagnostic modalities. The SOPHiA DDM™ Platform and related solutions, products and services are currently used by more than 790 hospital, laboratory, and biopharma institutions globally. For more information, visit SOPHiAGENETICS.COM, or connect on Twitter, LinkedIn and Instagram. Where others see data, we see answers.
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SOURCE SOPHiA GENETICS | https://www.kxii.com/prnewswire/2022/06/15/sophia-genetics-publishes-environmental-social-governance-impact-summary/ | 2022-06-15T14:49:15Z |
NEW YORK, July 1, 2022 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Tupperware Brands Corporation (NYSE: TUP).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/tupperware-brands-corporation-loss-submission-form/?id=29421&from=4
The lawsuit seeks to recover losses for shareholders who purchased Tupperware between November 3, 2021 and May 3, 2022.
Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until August 15, 2022 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
According to a filed complaint, Tupperware Brands Corporation issued materially false and/or misleading statements and/or failed to disclose that: (i) Tupperware was facing significant challenges in maintaining its earnings and sales performance; (ii) accordingly, Tupperware's full-year 2022 guidance was unrealistic and/or unsustainable; (iii) all the foregoing, once revealed, was likely to have a material negative impact on Tupperware's financial condition; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law | https://www.wibw.com/prnewswire/2022/07/01/tup-shareholder-alert-jakubowitz-law-reminds-tupperware-shareholders-lead-plaintiff-deadline-august-15-2022/ | 2022-07-01T11:23:30Z |
BEIJING, June 26, 2022 /PRNewswire/ -- In a virtual speech delivered at the 14th BRICS Summit in Beijing, Chinese President Xi Jinping on Thursday lauded the BRICS mechanism as having shown resilience and vitality in the current global crisis, and called on the mechanism to stay open and inclusive to welcome like-minded partners to join the big BRICS family.
Xi noted that over the past year, the world has faced the continued spread of COVID-19, a tortuous world economic recovery and increasingly salient peace and security issues. Facing these formidable and complex circumstances, BRICS countries have embraced the BRICS spirit of openness, inclusiveness and win-win cooperation, enhanced solidarity and coordination and jointly tackled the challenges. The BRICS mechanism has demonstrated resilience and vitality. BRICS cooperation has achieved sound progress and results.
Xi stressed that this Summit is being held at a critical juncture in the shaping of the future course of humanity. BRICS countries, as important emerging markets and major developing countries, need to act with a sense of responsibility to bring positive, stabilizing and constructive strength to the world.
Xi pointed out that our world today is living through accelerating changes unseen in a century and continued spread of the COVID-19 pandemic. They confront humanity with unprecedented challenges.
Over the past 16 years, the giant ship of BRICS has sailed forward tenaciously against raging torrents and storms. Riding the wind and cleaving the waves, it has embarked on a righteous course of mutual support and win-win cooperation. Standing at the crossroads of history, we should both look back at the journey we have traveled and keep in mind why we established BRICS in the first place, and look forward to a shared future of a more comprehensive, close, practical and inclusive high-quality partnership so as to jointly embark on a new journey of BRICS cooperation, Xi said.
The leaders attending the summit thanked China for hosting this event and the efforts it made for promoting BRICS cooperation. They believed that facing international uncertainties, BRICS countries should strengthen solidarity, carry forward the BRICS spirit, consolidate strategic partnership and jointly respond to various challenges so that BRICS cooperation can reach a new level and play a bigger role in international affairs, according to the Xinhua News Agency.
Chinese analysts said that BRICS is not just an organization formed by newly emerging economies, but is now playing a key role in the international order. Currently, BRICS countries represent 40 percent of the world population, account for 25 percent of the global economy and 18 percent of world trade, and contribute 50 percent to the world's economic growth.
Trade connectivity among BRICS countries is becoming closer and tighter, especially under the shadow of the COVID-19 pandemic. According to Chinese government data, in the first five months of 2022, China's total imports and exports with other BRICS countries increased 12.1 percent year-on-year, with a 20 percent increase with Russia and 10 percent increase with India.
Under the theme of "Foster High-quality BRICS Partnership, Usher in a New Era for Global Development", leaders of the five countries held in-depth exchange of views on BRICS cooperation in various sectors and major issues of common concern and reached important consensus. They agreed on the need to stay committed to multilateralism, work for greater democracy in global governance, safeguard fairness and justice, and inject stability and positive energy into the turbulent international landscape.
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SOURCE Global Times | https://www.wibw.com/prnewswire/2022/06/26/global-times-xi-calls-brics-stay-open-inclusive-welcome-like-minded-partners-big-family/ | 2022-06-26T11:50:58Z |
- TVA's diversified generation portfolio helped maintain low energy rates despite higher fuel prices
- Economic growth served as the primary driver for agency's approximately 2% increase in energy sales the first half of the year
- Customers continue to benefit from the lowest debt balance in over 30 years
KNOXVILLE, Tenn., May 12, 2022 /PRNewswire/ -- The Tennessee Valley Authority reported strong financial results and increased energy sales for the second quarter of fiscal year 2022. With $5.5 billion in total operating revenues on 78 billion kilowatt-hours of electricity sales for the six months ended Mar. 31, 2022, the agency continues to deliver quality service to customers while maintaining low rates.
Total operating revenues increased 12% over the same period last year primarily due to an increase in fuel cost recovery revenue driven mainly by higher fuel rates.
Sales of electricity increased approximately 2% compared to the same period of the prior year. The increase in sales volume was primarily driven by economic growth in the Tennessee Valley.
"While the cost of providing highly reliable service is increasing, TVA's diverse, robust, and increasingly clean energy system continues to provide a significant advantage for those we serve," said Jeff Lyash, TVA president and CEO. "Fifty-seven percent of TVA's energy comes from carbon-free sources -- nuclear, hydroelectric and renewable energy, which provides a major source of price stability."
Fuel and purchased power expense increased $554 million in the first half of 2022 over the same period of the prior year, primarily due to higher fuel prices. Depreciation and amortization expense increased $263 million primarily due to a change in depreciation rates following an updated depreciation study. The study included planning assumptions that potentially retire the remainder of TVA's coal-fired fleet by 2035. Operating and maintenance expense increased by $188 million over the same period last year. This was driven by a number of factors, including: an increase in nuclear, natural gas, and coal outage days; natural gas maintenance projects; routine nuclear maintenance work; labor escalation, and additional inventory reserves and write-offs.
Interest expense decreased by $30 million for the six months ended March 31, 2022 – a 5% decrease from the prior year – due to lower average rates and long-term debt balances.
"TVA continues to work together with local power companies to deliver energy at the lowest cost," said John Thomas, TVA's chief financial and strategy officer. "TVA's effective wholesale rate remains the same rate as a decade ago, while our financial strength and stability has allowed TVA to give back over $100 million in pandemic recovery credits to customers in just the first half of the year."
TVA's net income was $220 million for the first half of fiscal year 2022, which was $420 million lower than the same period of the prior year due mainly to higher operating expenses.
Additional highlights from TVA's second quarter fiscal year 2022 include:
- TVA published its first ever Diversity, Equity, Inclusion and Accessibility (DEIA) report, which highlights TVA's progress and key programs to promote DEIA within its workforce and across the seven states it serves.
- TVA announced partnerships with Oak Ridge National Laboratory and Ontario Power Generation to help drive continued development in advanced nuclear technology, carbon capture, electric vehicle charging programs and other explorations to help meet decarbonization goals.
- As of May 11, 2022, 146 of 153 local power companies have long-term partnerships with TVA.
- Bill credits to local power company long-term partners totaled $93 million for the first half of fiscal year 2022.
- In 2021, the TVA Board approved a 2.5% monthly base rate credit for all customers, the Pandemic Recovery Credit, which is effective for 2022. These pandemic credits apply to service provided to TVA's LPC's, their large commercial and industrial customers, and TVA directly served customers. For the six months ended March 31, 2022, pandemic credits totaled $105 million, which is money staying in local communities to help with recovery efforts.
- In November 2021, the TVA Board approved a 1.5% extension of the Pandemic Recovery Credit for 2023, which is expected to be $133 million.
- Rainfall and runoff in the Tennessee Valley during the first half of 2022 were 114% and 123% of normal, respectively.
- TVA's economic development efforts, combined with TVA's reliable, resilient, low-cost, and cleaner energy portfolio, continue to help attract and encourage the expansion of business and industries in the Tennessee Valley, with over $7.3 billion in investments and more than 40,900 jobs created or retained through the second quarter of 2022.
TVA's executive management team will host a conference call to discuss second quarter fiscal year 2022 results at 9:30 a.m. ET, on Thursday, May 12. The event will be conducted as a webcast and as a dial-in teleconference. Participants will be able to hear the discussion and see slides via webcast, but will need telephone access to ask questions. Pre-registration for the conference call is required. Please click here to pre-register. Once pre-registered, the dial-in number will be provided via an email. If you are unable to pre-register, you may access the conference call by dialing toll free 844-308-6432 in the United States, or 412-717-9611 outside the United States.
A replay will be available one hour after the end of the conference call, by calling toll free 877-344-7529 in the United States or 412-317-0088 outside the United States and using the conference number 7394331. A webcast replay and transcript will also be available for one year on TVA's website at http://www.tva.com/investors.
TVA's quarterly report on Form 10-Q provides additional financial, operational, and descriptive information, including unaudited financial statements for the quarter ended March 31, 2022. TVA's quarterly report and other SEC reports are available without charge on TVA's website at http://www.tva.com/investors, on the SEC's website at http://www.sec.gov, or by calling TVA toll free at 888-882-4975.
This release may contain forward-looking statements relating to future events and future performance. Although TVA believes that the assumptions underlying these statements are reasonable, numerous factors could cause actual results to differ materially from those in the forward-looking statements. Please refer to TVA's most recent annual report on Form 10-K and quarterly report on Form 10-Q for a discussion of factors that could cause actual results to differ from those in the forward-looking statements.
The Tennessee Valley Authority is a corporate agency of the United States that provides electricity for business customers and local power companies serving nearly 10 million people in parts of seven southeastern states. TVA receives no taxpayer funding, deriving virtually all of its revenues from sales of electricity. In addition to operating and investing its revenues in its electric system, TVA provides flood control, navigation and land management for the Tennessee River system, and assists local power companies and state and local governments with economic development and job creation.
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SOURCE Tennessee Valley Authority | https://www.mysuncoast.com/prnewswire/2022/05/12/tva-reports-second-quarter-fiscal-year-2022-financial-results/ | 2022-05-12T12:57:52Z |
Army: 2 soldiers dead in weather-related incident in north Georgia
Published: Aug. 10, 2022 at 6:21 AM CDT|Updated: 20 minutes ago
FORT BENNING, Ga. (WGCL/Gray News) - Two Fort Benning soldiers died Tuesday in what Army officials call a weather-related incident.
According to the U.S. Army Maneuver Center of Excellence, the incident happened at Yonah Mountain near Dahlonega.
Three other service members were injured and taken to the hospital, according to the U.S. Army Maneuver Center of Excellence.
The names of the soldiers that were killed and injured have not been released.
Copyright 2022 WGCL via Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/08/10/army-2-soldiers-dead-weather-related-incident-north-georgia/ | 2022-08-10T11:42:38Z |
DALLAS (KDAF) — A Dallas-Fort Worth barbecue restaurant that has been a staple even before opening its first location in 2019 on the corner of Brisket and Main in Grand Prarie is now selling its seasonings in Walmarts across the Lone Star State.
If you haven’t guessed quite yet, yes, it’s Zavala’s Barbecue! If you’re in Texas and you frequent Walmart you can find a bottle of their BBQ seasonings/rubs on shelves there and if you’re outside of Texas, you can try and get your local store to carry them too!
In a tweet on May 12, Zavala’s said, “We did it! We sold out!! You can find us in all Texas @walmart ! Pull up! Outside Texas ask them to bring us in!!!”
Zavala’s also sells its own seasonings, which include: Pork rub, fajita rub, beef rub and bird rub.
On its Facebook page the restaurant announced its new summer hours, “We will be open Thursday-Saturday from 11am-4pm! We are giving you Sunday back so you can cook at home!!! Go follow our YouTube page learn how we make our fajitas! New briskets episodes dropping soon! Now you can get our rubs at your local walmart in Texas!” | https://cw33.com/lifestyle/food-and-drink/dfw-barbecue-restaurants-seasoning-now-available-in-texas-walmarts/ | 2022-05-18T20:58:45Z |
Pentagon: US killed ISIS leader in Syria in drone strike
WASHINGTON (AP) — The Pentagon said Tuesday that it killed a leader of the Islamic State group in Syria in a drone strike.
U.S. Central Command said in a news release that Maher al-Agal was killed Tuesday, and an unidentified senior official in the Islamic State group was seriously injured. The Pentagon says there were no civilian casualties, though it wasn’t possible to immediately confirm that information.
The U.S. carried out the strike outside Jindaris, a town in northwest Syria close to the Turkish border.
The Islamic State at the height of its power controlled more than 40,000 square miles stretching from Syria to Iraq and ruled over 8 million people. While the group’s territorial state collapsed in 2019, its leaders have turned to guerilla tactics and been able to “efficiently restructure themselves organizationally,” according to the Washington-based Carnegie Endowment for International Peace, a nonpartisan think tank.
The strike on al-Agal comes months after the head of the group, Abu Ibrahim al-Hashimi al-Qurayshi, killed himself during a raid of his hideout by American special forces. The U.S. said Al-Qurayshi blew himself up along with members of his family.
According to a war monitor, the Syrian Observatory for Human Rights, al-Agal was a former prominent commander of the Islamic State group during its control of Raqqa and had since moved farther north to Afrin in 2020 under Turkish-backed factions. He was most recently a commander in a Turkish-backed faction called Jaysh Al-Sharqiyyah.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/07/12/pentagon-us-killed-isis-leader-syria-drone-strike/ | 2022-07-12T14:49:19Z |
Resurgence in commercial real estate is driving heightened optimism for the industry
NEW YORK, May 17, 2022 /PRNewswire/ -- Ongoing economic uncertainty is not hindering broader optimism about the future for commercial real estate (CRE), according to DLA Piper's 2022 Annual State of the Market Survey report. Conducted in February and March of 2022, the Survey analyzes the views of CRE experts and leaders on the pandemic recovery, economic outlook, attractiveness of investment markets and overall expectations over the next 12 months.
The 2022 Survey reflects continued optimism as the industry continues its pandemic recovery, with most respondents feeling bullish due to COVID-19 restrictions being lifted in a majority of markets globally. While general bullishness remains consistent with the 2021 report at 74 percent, more respondents in 2022 have a higher level of confidence about the real estate industry's next 12 months. The increased optimism relative to 2020 – when just 21 percent expected a bull market – is significant. A major reason for this year's positive outlook is the abundance of capital in the market, with 52 percent of respondents citing it as their primary source of confidence, up 17 percentage points from last year.
"Continued increases in optimistic sentiment from respondents speak to the resiliency of the CRE sector," says John Sullivan, US Chair and Global Co-Chair of DLA Piper's Real Estate practice, "Despite inflation concerns, rising interest rates and an ever-evolving future of in-office work, we expect most CRE sectors to strengthen over the next year."
Reimagining Office Spaces and the Traditional Workplace
As hybrid and remote work become more accepted, the reimagination of traditional office spaces has the potential to reshape thinking around CRE. More than half (55 percent) of respondents expect that a re-evaluation of office spaces and other commercial spaces will impact the sector. A vast majority (96 percent) agree that the pandemic will spur an increase in the percentage of employees who spend less than 50 percent of their time working in the office. Two-thirds (68 percent) of respondents expect it will take two or more years for office building vacancy rates to return to pre-pandemic levels.
When asked what the future of traditional office spaces might look like, 28 percent of respondents see repurposing of office spaces as an opportunity to convert existing real estate into hotels, residential spaces, life science buildings and other uses. Many feel that a full recovery is more likely for suburban office buildings (52 percent) than urban offices (34 percent) over the next 12 months.
"Although the availability of vaccines and desire for an in-office return from organizations are strong factors pulling employees back to the office, we see that a true return to form is not expected for another few years," says Sullivan. "The future of many of these spaces will depend on the ways CRE leaders can adapt to meet modern needs like reduced space needs, shorter lease terms or shared co-working and other flexible spaces."
Continuing the trend from recent surveys, logistics, warehousing and cold storage remain the most attractive, risk-adjusted investment opportunities in commercial real estate, with 66 percent of respondents ranking them highest among asset classes. Additionally, multifamily was also ranked among the most popular CRE investment opportunities in the US for 2022 with 57 percent of respondents ranking it highly – marking an eight percentage-point jump since last year.
Migration to Smaller Cities
Many US cities have experienced population shifts in the wake of COVID-19, with thousands choosing to leave traditional hubs, like New York City and Los Angeles, for smaller cities and regions such as Austin and Raleigh-Durham. The report shows a significant jump in sentiment supporting investment opportunities in these traditionally secondary markets. Notably, Austin leads the pack, with 60 percent of respondents listing it as the most attractive city for investment over the next 12 months – a 38 percentage-point jump since 2019. Nearly half of all respondents noted that the shift from densely populated city centers would impact their investment decisions.
"Lingering pandemic concerns, high prices and shifting demographics have many CRE investors turning to emerging growth markets, such as those along the Sunbelt, as targets for future investment," says Sullivan. "That is not to say that traditional hubs have been completely abandoned; major investors, as well as tech and entertainment companies, have made substantial investments in ESG-friendly buildings located in major urban areas as competition increases for the best-in-class assets in large markets."
These changes create new opportunities for the CRE industry. They disperse growth across the US, strengthening the broader economy and creating safeguards that lend themselves to a more resilient CRE landscape built to withstand future disruptions.
"The 2022 Survey underscores that the outlook for CRE remains positive and that industry leaders are increasingly bullish," says Sullivan. "The recovery from the pandemic has been nothing short of remarkable in its speed and strength and is evidence of the attractiveness and durability of commercial real estate as a global asset class."
The 2022 Survey coincides with DLA Piper's 17th Global Real Estate Summit, to be held May 17th in Chicago. The event includes a line-up of top real estate dealmakers, investors, and innovators, including preeminent American political strategist and commentator David Axelrod and Co-Founder and Co-Chairman of The Carlyle Group, David Rubenstein.
In line with DLA Piper's commitment to serving food banks to help fight local, national and global hunger, DLA Piper will donate $25,000 in honor of the Summit speakers to support humanitarian efforts in Ukraine and the global food supply chain.
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SOURCE DLA Piper | https://www.mysuncoast.com/prnewswire/2022/05/17/dla-pipers-2022-state-market-survey-bullish-predictions-face-pandemic-recovery-global-instability/ | 2022-05-17T11:34:42Z |
AUSTIN (KXAN) – On Sunday, May 15, the Earth will cast its shadow over the moon. Weather depending, you’ll be able to see this total lunar eclipse.
What is a lunar eclipse?
A lunar eclipse is when the Earth comes between the sun and the moon. This means the full rays of the sun get blocked by the Earth causing the shadow of the Earth to darken the moon.
A total lunar eclipse means the whole of the moon gets cast in darkness.
The moon isn’t exactly invisible, however. While the Earth’s atmosphere scatters away blue light, the red light passes through the Earth’s atmosphere and refracts toward the moon causing a reddish glow. The more clouds or dust in the Earth’s atmosphere, the redder the moon will be.
When can I see it?
According to NASA, the moon will start entering the Earth’s partial shadow shortly after 9:30 p.m. ET on Sunday night. You’ll be able to see a slight darkening of the Moon at around 10:28 p.m. ET. The Earth’s full shadow will cover the Moon an hour later.
The eclipse will peak at 12:11 a.m. ET Monday. NASA says the Moon will start leaving the Earth’s shadow at 12:54 a.m. and emerge completely at 1:55 a.m.
You can observe lunar eclipses without protective equipment. You will get a much better view looking with binoculars or, better yet, a telescope.
What if I miss it?
The next total lunar eclipse visible from the U.S. happens later this year on November 8, 2022.
May 15’s eclipse is the second of the year but the first visible from the U.S. – a partial eclipse of the sun already happened on April 30. Another will take place on October 25, but the U.S. won’t be able to see it. | https://cw33.com/news/total-lunar-eclipse-happening-this-weekend-how-to-see-it/ | 2022-05-11T21:16:36Z |
One of Canada’s largest bakeries is moving to compostable bread clips
By Rhythm Sachdeva
Click here for updates on this story
TORONTO (CTV Network) — A major North American bakery is planning to replace its plastic bread bag clips with compostable cardboard ones in a move it says will eliminate 200 metric tonnes of single-use plastics annually.
Bimbo Canada announced on Monday that all its bread products will only use compostable clips by June 2022, starting at its commercial bakery in New Brunswick.
Bread clips or tags come in the form of little, hard plastic closures that are primarily used to keep plastic bags closed. They’re most often found in the form of polystyrene, a hard-to-recycle plastic that is used in packaging.
Bimbo Canada says the cardboard bread tags are made from 100 per cent recycled cardboard and are compostable in municipal systems across Canada.
This move is also in line with the federal government’s announcement to ban certain single-use plastic items sometime in 2022.
According to Environment and Climate Change Canada, Canadians discard three million tonnes of plastic waste each year, and only nine per cent of it is recycled.
A study conducted by Deloitte and Cheminfo Services Inc. shows that the majority of plastics introduced to the Canadian market and discarded as waste in 2016 were actually packaging materials. This included plastic bags, bottles and other items commonly used in the food and beverage sector.
While bread clips aren’t mentioned in the study, these products globally remain very high in demand. They are anticipated to be valued at US$4.8 billion in 2022 and are forecast to have an annual growth rate of 6 per cent – to be valued at US$8.5 billion from 2022 to 2032.
Bimbo Canada says it partnered with Quebec-based KLR Systems, which developed the cardboard bread tags.
“We developed this product knowing some small plastics, like bread tags, cannot always be recycled,” Audrey Gagnon, general manager of KLR Systems, said in a statement on Monday.
Many retail and food stores in Canada have already started to shift from offering plastic checkout bags to recyclable alternatives.
Retail giants like Sobeys Inc., Foodland and FreshCo transitioned to reusable and paper bags in early 2021, with most of their banner stores across the country eliminating plastic bags altogether in 2022.
“It’s important we lead change and be responsible stewards of the environment and the communities that we live and work in, by delivering results,” said Joe McCarthy, president of Bimbo Canada, in a release.
“All changes, big or small, make an impact.”
By making changes to plastic waste management, it’s possible to reduce 1.8 million tonnes of greenhouse gas emissions per year, the government has said.
Please note: This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform.
Sonja Puzic | https://localnews8.com/cnn-regional/2022/04/12/one-of-canadas-largest-bakeries-is-moving-to-compostable-bread-clips/ | 2022-04-12T15:05:32Z |
Djokovic advances to semifinals in Madrid
MADRID (AP) — Novak Djokovic has eased to a 6-3, 6-4 win over Hubert Hurkacz in the Madrid Open quarterfinals. The three-time champion in Madrid had little trouble on the outdoor clay against Hurkacz. Djokovic will face either Rafael Nadal or Carlos Alcaraz in the semifinals. They play later Friday with fans keen to see two generations of Spanish tennis face off. Nadal has won their previous two matches but the 21-time Grand Slam winner said that the 19-year-old Alcaraz was favorite because he is in better shape. | https://localnews8.com/sports/ap-national-sports/2022/05/06/djokovic-advances-to-semifinals-in-madrid/ | 2022-05-06T16:59:02Z |
THIEF RIVER FALLS, Minn., Aug. 9, 2022 /PRNewswire/ -- Digi-Key Electronics, which offers the world's largest selection of electronic components in stock for immediate shipment, announced that the XPLR-IoT-1 explorer kit from u-blox, a global technology leader in positioning and wireless communication, is now available for purchase globally, exclusively from Digi-Key.
The XPLR-IoT-1 kit is a ready-to-use development platform with key IoT components and services for many different use cases and applications. The kit includes GNSS, cellular, Wi-Fi, and Bluetooth technology, along with cloud communications services.
The kit includes everything needed for an out-of-the-box experience and the initial setup is fast and easy. With only a few initial steps, the kit can publish data to the cloud and demonstrate a complete end-to-end solution, and a rechargeable battery allows for portable operation. For position, a low-power GNSS receiver provides accurate data. The explorer kit also has integrated sensors for temperature, humidity, pressure, and ambient light, along with a magnetometer, gyroscope, accelerometer, and battery gauge.
"The XPLR-IoT-1 explorer kit is so much more than an evaluation board in a box. It has a lot to offer: cellular, short-range, GNSS and cloud," said Josh Mickolio, wireless and IoT business development manager at Digi-Key. "It really is a technology hub that can be used to develop just about any sensor and connectivity application, and is something that engineers can shape to their needs. The flexibility with the usability of this product is exciting -- we are thrilled to help launch this product!"
"We are excited to release the XPLR-IoT-1 kit with Digi-Key, incorporating all four u-blox product centers accelerating sensor to cloud demonstrations to quickly prove design concepts," said Chris Corrado, vice president of global distribution at u-blox. "Whether it is a sensor on the XPLR-IoT-1 or using the XPLR-IoT-1 to connect to a Bluetooth or Wi-Fi sensor, we are excited to see how customers can shorten their proof-of-concept time and try out our latest technologies."
For more information and to order the XPLR-IoT-1 kit from u-blox, please visit the Digi-Key website.
u-blox is a global technology leader in positioning and wireless communication in automotive, industrial, and consumer markets. Their smart and reliable solutions, services and products let people, vehicles, and machines determine their precise position and communicate wirelessly over cellular and short range networks. With a broad portfolio of chips, modules, and secure data services and connectivity, u-blox is uniquely positioned to empower its customers to develop innovative and reliable solutions for the Internet of Things, quickly and cost effectively. With headquarters in Thalwil, Switzerland, the company is globally present with offices in Europe, Asia, and the USA.
Digi-Key Electronics, headquartered in Thief River Falls, Minn., USA, is recognized as both the leader and continuous innovator in the high service distribution of electronic components and automation products worldwide. As the original pioneer in this space, Digi-Key provides more than 13.4 million components from over 2,300 quality name-brand manufacturers with an industry-leading breadth and depth of product in stock and available for immediate shipment. Beyond the products that drive technology innovation, Digi-Key also supports design engineers and procurement professionals with a wealth of digital solutions and tools to make their jobs more efficient. Additional information can be found at digikey.com and on Facebook, Twitter, YouTube, Instagram and LinkedIn.
Editorial Contact
Megan Derkey
Bellmont Partners
+1 612-255-1115
digikey@bellmontpartners.com
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SOURCE Digi-Key Electronics | https://www.wibw.com/prnewswire/2022/08/09/digi-key-exclusively-stocks-new-xplr-iot-1-kit-u-blox-purchase-globally/ | 2022-08-09T15:51:46Z |
NEW YORK, Aug. 9, 2022 /PRNewswire/ -- Juan Monteverde, founder and managing partner of the class action firm Monteverde & Associates PC (the "M&A Class Action Firm"), a national securities firm rated Top 50 in the 2018-2021 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating PBF Logistics LP (PBFX), relating to its proposed acquisition by PBF Energy Inc. (PBF) Under the terms of the merger, each outstanding common unit of PBFX that PBF does not own will be converted into 0.270 shares of PBF Energy Class A common stock and $9.25 in cash. Click here for more information: https://www.monteverdelaw.com/case/pbf-logistics-lp. It is free and there is no cost or obligation to you.
We are a national class action securities litigation law firm that has recovered millions of dollars and is committed to protecting shareholders from corporate wrongdoing. We were listed in the Top 50 in the 2018-2021 ISS Securities Class Action Services Report. Our lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions. Mr. Monteverde is recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013, 2017-2019, an award given to less than 2.5% of attorneys in a particular field. He has also been selected by Martindale-Hubbell as a 2017-2021 Top Rated Lawyer. Our firm's recent successes include changing the law in a significant victory that lowered the standard of liability under Section 14(e) of the Exchange Act in the Ninth Circuit. Thereafter, our firm successfully preserved this victory by obtaining dismissal of a writ of certiorari as improvidently granted at the United States Supreme Court. Emulex Corp. v. Varjabedian, 139 S. Ct. 1407 (2019). Also, in 2019 we recovered or secured six cash common funds for shareholders in mergers & acquisitions class action cases.
If you own common stock in PBFX and wish to obtain additional information and protect your investments free of charge, please visit our website or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.
Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. Suite 4405
New York, NY 10118
United States of America
jmonteverde@monteverdelaw.com
Tel: (212) 971-1341
Attorney Advertising. (C) 2022 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.
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SOURCE Monteverde & Associates PC | https://www.wibw.com/prnewswire/2022/08/09/investor-alert-mampa-class-action-firm-announces-investigation-pbf-logistics-lp-pbfx/ | 2022-08-09T19:02:31Z |
TORONTO, Aug. 22, 2022 /PRNewswire/ -- To address continued demand for Commercial Bonds from businesses in the country, AXA XL has appointed Cedric Franklin as VP, Regional Director, Canada. Renato Rodrigues, Country Manager, said: "We are very excited to expand our Commercial Bond expertise in Canada. Cedric's specialized background will be of great service to our growing business while we continue to strengthen existing relationships with clients and brokers from both the public and private sectors."
Based in Toronto, Mr. Franklin will work closely with Alex Barker, Head of Specialty Insurance for Canada and Pat Dougherty, Global Head of Commercial Bonds. He is tasked with leading the continued growth of Commercial Bonds business in the country through partnering directly with Canadian clients and their brokers.
Commenting on the appointment, Alex Barker, Head of Specialty, Canada added: "Cedric is an expert in his field and an excellent addition to our team of talented specialty insurance leaders. He will be working closely with our key brokers, banks and investors who see the unique growth opportunities that Commercial Bonds provide."
Mr. Franklin joins from BFL Canada where he served as Vice President, Surety. He has a degree in Civil Law from the University of Ottawa, a Master's in International & European Relations from the University of Amsterdam in the Netherlands and an MBA from the Grande École E.M Grenoble, France.
AXA XL offers a comprehensive set of commercial bond products including supply, customs, license and permit, lost instrument, court bonds (appeal, admiralty, bankruptcy trustee), depository, performance and payment for service providers, subdivision, reclamation, closure / post closure, workers compensation and utility.
Follow AXA XL on Twitter and on LinkedIn.
1AXA XL is a division of AXA Group providing products and services through four business groups: AXA XL Insurance, AXA XL Reinsurance and AXA XL Risk Consulting.
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SOURCE AXA XL | https://www.kxii.com/prnewswire/2022/08/22/axa-xl-expands-commercial-bonds-capabilities-canada-appoints-cedric-franklin-vp-regional-director-commercial-bonds/ | 2022-08-22T13:19:18Z |
NEW YORK, June 13, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for RDBX, EDU, DAWN, XCUR, and ONCT.
To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link.
- RDBX: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=RDBX&prnumber=061320221
- EDU: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=EDU&prnumber=061320221
- DAWN: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=DAWN&prnumber=061320221
- XCUR: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=XCUR&prnumber=061320221
- ONCT: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=ONCT&prnumber=061320221
(Note: You may have to copy this link into your browser then press the [ENTER] key.)
InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment.
InvestorsObserver provides patented technology to some of the biggest names on Wall Street and creates world-class investing tools for the self-directed investor on Main Street. We have a wide range of tools to help investors make smarter decisions when investing in stocks or options.
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SOURCE InvestorsObserver | https://www.kxii.com/prnewswire/2022/06/13/thinking-about-buying-stock-redbox-new-oriental-education-day-one-biopharmaceuticals-exicure-or-oncternal-therapeutics/ | 2022-06-13T14:03:54Z |
- Powered by Baidu's leading intelligent driving technology, JIDU is set to deliver robocars that fully meet the needs of advanced autonomous driving, leading the mobility revolution in the intelligent era.
- The concept car, which is 90 percent similar to the production model, features futuristic designs including a U-shaped folding steering wheel, 3D borderless integrated ultra-clear screen, 3D human-machine co-driving map, full-scene voice inside and outside the car, millisecond voice response and offline intelligent voice assistant.
BEIJING, June 8, 2022 /PRNewswire/ -- JIDU, an intelligent electric vehicle company backed by Baidu and Geely, today unveiled its first concept production robocar ROBO-01. Integrating the leading intelligent driving capability powered by Baidu and world-class intelligent driving configurations, joined by a cutting-edge futuristic design, ROBO-01 is set to revolutionize the automobile industry, leading the way to an intelligent car era driven by AI.
Highlights include an active deformable structure design, 3D borderless one-piece large screen, zero-gravity seating, AI pixel lights and dual max-computing chips. The robocar's capabilities are based on a unique "trainable" functionality and JIDU robocar neural JET (JIDU Evolving Technology), which support a high-level autonomous driving solution with full redundancy, SOA-based intelligent cabin and millisecond-level offline intelligent voice assistant.
Click to see video of ROBO-01
Having transitioned from the "Fuel Car 1.0 Era" to the "Electric Car 2.0 Era", the automotive industry is today entering the "Intelligent Car 3.0 Era" with JIDU leading the emergence of a new generation of automotive products.
"The Intelligent Car 3.0 Era is the era of robocars," said Xia Yiping, CEO of JIDU. "The transition to this new era is marked by the shift of driving power from humans to AI, with robocars ultimately achieving self-generating progress led by AI. The automotive industry in the 3.0 era will see a seismic shift from a revolution in energy to a revolution in product attributes. The ultimate goal is to realize a fully driverless transportation experience. The JIDU robocar aims to meet users' needs for intelligent travel, in-car intelligent assistance and intelligent cabin in the new era."
The robocar was unveiled at JIDU's first-ever branded event ROBODAY, held in XiRang metaverse. At the unveiling, the first-ever digital human car owner, named Xijiajia, drove and interacted with ROBO-01.
Futuristic – 3D borderless integrated ultra-clear large screen, free of door handles, indicator levers and other physical control keys
ROBO-01 features a simple and futuristic look. The design of the main and passenger butterfly wing doors, rear pair of doors and non-marking side windows is also one-of-its-kind in the industry, complimenting a sleek and dynamic robot-like car body.
The 3D borderless ultra-clear screen is a truly integrated, non-spliced screen, designed to run throughout the driving seat to the main passenger seat, providing an immersive audio and visual experience. In addition, the door handle, shift lever, left and right indicator levers and other physical control keys are removed, making the human-vehicle interaction experience even more natural and seamless.
Robotic – Stronger AI perception, more active adjustable structures
ROBO-01 comes with stronger AI perception and more active service capabilities. It is equipped with a set of fully adjustable structures, including front hood collapsible LiDAR, active liftable rear wing ROBOWing, foldable U-shaped steering wheel, liftable satellite speakers and adaptive zero-gravity seat.
The collapsible LiDAR designed by JIDU enhances the safety and stability of the intelligent driving system while strengthening the sensing capability of advanced autonomous driving. The LiDAR can be collapsed by AI intervention before a crash occurs, thus improving safety. Recently, JIDU has obtained the Chinese national patent for this technology.
The unique U-shaped steering wheel design of ROBO-01 can maximize the information visibility on the large ultra-clear screen. In addition, the leading steering-by-wire technology of JIDU can support the U-shaped steering wheel to be folded and hidden as needed, as well as enhance the variable steering ratio of the vehicle in automatic driving mode.
The spacecraft-inspired zero-gravity seats are lightweight and breathable, wrapping around the occupant, including a unique "swan neck" headrest design with an adaptive adjustment function, making every trip effortlessly comfortable.
Emotional – interactive AI light language, unlimited emotional communication
ROBO-01 has the ability to recognize the user's emotions and interact with the outside world by expressing its own emotion. Its robotized front design integrates interactive AI pixel headlights and high recognition rate AI voice interaction system, enabling voice recognition function outside the car for natural communication between humans, the vehicle and the environment.
JIDU Smart Drive: Advanced autonomous driving capabilities for immediate deployment in multiple scenarios
JIDU is the only smart automaker in the industry that applies the full-stack Apollo autonomous driving unmanned capability and safety system. Baidu Apollo's advanced autonomous driving capabilities have been extensively applied in its Robotaxi, with 27 million kilometers of safe autonomous driving test mileage and a large Robotaxi road test fleet conducting real road tests in more than 30 cities across China, continuously improving the autonomous driving system's ability to cope with complex urban roads.
The system is equipped with Nvidia's "dual" Orin X chips and 31 external sensors, including 2 LiDAR, 5 millimeter-level wave radar, 12 ultrasonic radar and 12 cameras. Based on JIDU's self-developed SOA cabin-driving fusion technology architecture, the industry-leading "true redundancy" solution for advanced autonomous driving is created by its technological innovation of dual systems for redundancy. The solution has been successfully tested and run on the JIDU SIMUCar (software integrated simulation vehicle), which has verified the safety and stability of JIDU's advanced autonomous driving system for mass production.
Capable of point-to-point advanced autonomous driving, JIDU's system is able to adapt to three main driving scenarios: high-speed, urban roads, and parking. The system has tested and verified ability to handle unprotected left turn, traffic light recognition, obstacle avoidance and freeway on/off ramps. Users will be able to access these and other advanced autonomous driving functions from the moment they begin driving, providing unprecedented convenience and versatility.
Millisecond-level rapid response and offline intelligent voice assistant provides human-like interaction
The intelligent cabin is equipped with advanced functions such as offline voice assistant, millisecond-level response, 3D human-machine co-driving map and full-scene interaction inside and outside the car.
JIDU is also the first to launch the 4th generation Snapdragon Automotive Cockpit Platform - 8295 chip, which has enabled the 3D presentation of the boundless integrated ultra-clear large screen, meeting users' needs of driving navigation, game entertainment, online office and other scenarios.
The millisecond-level intelligent voice response of the JIDU intelligent cabin realizes 100% coverage of all scenarios inside and outside the car, while the full offline intelligent voice function is free from reliance on network signals. In addition, its multi-modal "human-like" interaction capabilities, such as visual perception, voice recognition and lip capture, allow for "natural and smooth" communication between user and car.
In the era of Intelligent Car 3.0 and AI-driven evolution, JIDU's robocar is on track to explore new frontiers. JIDU plans to officially launch a limited version of its first production model in the coming fall, which will be 90% similar to the ROBO-01 concept car. In addition, JIDU will also unveil the design of its second production model at this year's Guangzhou Auto Show.
About Baidu
Founded in 2000, Baidu's mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on the NASDAQ under "BIDU" and HKEX under "9888." One Baidu ADS represents eight Class A ordinary shares.
About JIDU
JIDU is a Robocar start-up company initiated by Baidu Group and invested by Geely Group. Founded in March 2021 with Yiping Xia as CEO, JIDU is committed to R&D and popularization of the world's top autonomous driving and human-machine interaction technology, creating revolutionary Robocar with emotion and intelligence, giving people more space and time to realize more possibilities.
Media Contact
Intlcomm@baidu.com
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SOURCE Baidu, Inc. | https://www.kxii.com/prnewswire/2022/06/08/jidu-unveils-first-concept-production-robocar/ | 2022-06-08T16:41:53Z |
KANSAS CITY, Mo., May 17, 2022 /PRNewswire/ -- Members of Teamsters Joint Council 56 and Teamsters across Kansas are disappointed in Gov. Laura Kelly (D) for signing into law Senate Bill 313, legislation that expands the ability of autonomous vehicles to recklessly operate in the state.
Teamsters have worked for months opposing the measure, calling out the bill's dangerous language that would put future autonomous vehicles on the road without human safety operators present. By signing it into law, Gov. Kelly has allowed Kansas to set a bad precedent that other states could follow.
"This bill was rushed through the legislature over objections from Republicans and Democrats alike," said Daniel Avelyn, Teamsters International Vice President for the Central Region and President of Joint Council 56. "The Teamsters will continue fighting back nationwide against the implementation of any new technology that abandons public safety and destroys good-paying, quality jobs."
Kansas Teamsters built bipartisan opposition to the bill capable of sustaining a gubernatorial veto. The union stressed the need for human safety operators, evidence-based liability dollar amounts, and transparency from autonomous vehicle companies regarding safety and crash data. The Teamsters are urging its bipartisan coalition of Kansas legislators to remain united for public health and good governance in the wake of Gov. Kelly's irresponsible decision.
"We understand that autonomous vehicle technology is progressing, but we are facing a crossroads as a nation," Avelyn said. "This technology can either be implemented responsibly to complement and supplement the work that our members do every day, or it can be done recklessly, risking the lives of our friends and neighbors, and upending the workforce as we know it."
Contact:
Matt Hall, (785) 424-4831
matthall696@gmail.com
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SOURCE Teamsters Joint Council 56 | https://www.kxii.com/prnewswire/2022/05/17/kansas-teamsters-gov-kelly-sets-dangerous-precedent-with-autonomous-vehicles-bill/ | 2022-05-17T19:25:58Z |
NEW YORK , June 17, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for XELA, CCL, INTC, CSX, and KO.
To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link.
- XELA: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=XELA&prnumber=061720225
- CCL: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=CCL&prnumber=061720225
- INTC: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=INTC&prnumber=061720225
- CSX: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=CSX&prnumber=061720225
- KO: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=KO&prnumber=061720225
(Note: You may have to copy this link into your browser then press the [ENTER] key.)
InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment.
InvestorsObserver provides patented technology to some of the biggest names on Wall Street and creates world-class investing tools for the self-directed investor on Main Street. We have a wide range of tools to help investors make smarter decisions when investing in stocks or options.
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SOURCE InvestorsObserver | https://www.mysuncoast.com/prnewswire/2022/06/17/thinking-about-buying-stock-exela-technologies-carnival-corp-intel-corp-csx-corp-or-coca-cola/ | 2022-06-17T16:07:25Z |
Pope marks Holy Thursday ahead of prison feet-washing ritual
VATICAN CITY (AP) — Pope Francis has celebrated Mass in St. Peter’s Basilica to mark Holy Thursday, hours before he was expected at an Italian prison to perform a foot-washing ritual for a dozen inmates in a gesture of humility.
Attending the Mass were some 1,800 priests. Francis in his homily advised priests not to focus on worldly concerns such as power, planning and bureaucracy. He exhorted them to “serve, with a clear conscience, the holy and faithful people of God.”
Francis made no reference to decades of scandals involving priests who sexually abused children and were often transferred from parish to parish by bishops who tried to avoid embarrassment rather than protect minors.
In the afternoon, Francis is expected at a prison in Civitavecchia, a port town 80 kilometers (50 miles) northwest of Rome, for the foot-washing ceremony that recalls Jesus’ gesture of humility for his apostles.
Francis has made paying attention to those on society’s margins — including refugees, migrants and people in prisons — a hallmark of his papacy. On Holy Thursday in past years, he has gone to prisons in or near Rome.
Holy Week, which draws hundreds of thousands of faithful to the Vatican, began with Palm Sunday Mass on April 10 in St. Peter’s Square.
This year, the Good Friday torch-lit Way of the Cross procession returns to its traditional venue at the ancient Colosseum after a two-year absence due to the coronavirus pandemic.
The Vatican has invited a Russian woman and a Ukrainian woman, who work together at a Rome hospital, to carry a cross together during the procession. That has angered some Ukrainians, including Ukraine’s ambassador to the Holy See and the archbishop of Kyiv. Their objections center on whether such a gesture, implying reconciliation, is suitable, given Russia’s invasion of its neighbor Ukraine and ongoing war against the country’s people.
The Vatican is still going ahead with the procession’s lineup of participants, who take turns carrying a lightweight cross during the procession, which is presided over by the pontiff and recalls Jesus’ death by crucifixion.
Holy Week culminates on Easter Sunday, two days later.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/04/14/pope-marks-holy-thursday-ahead-prison-feet-washing-ritual/ | 2022-04-14T10:52:02Z |
WOONSOCKET, R.I., July 13, 2022 /PRNewswire/ -- CVS Health (NYSE: CVS) will hold a conference call with analysts and investors on Wednesday, August 3, 2022, at 8:00 a.m. ET to discuss second quarter 2022 financial results.
An audio webcast of the conference call will be broadcast simultaneously on the Investor Relations portion of the CVS Health website at investors.cvshealth.com where it will be archived for a period of one year.
About CVS Health
CVS Health® is the leading health solutions company, delivering care like no one else can. We reach more people and improve the health of communities across America through our local presence, digital channels and over 300,000 dedicated colleagues – including more than 40,000 physicians, pharmacists, nurses and nurse practitioners. Wherever and whenever people need us, we help them with their health – whether that's managing chronic diseases, staying compliant with their medications or accessing affordable health and wellness services in the most convenient ways. We help people navigate the health care system – and their personal health care – by improving access, lowering costs and being a trusted partner for every meaningful moment of health. And we do it all with heart, each and every day. Follow @CVSHealth on social media.
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SOURCE CVS Health Corporation | https://www.mysuncoast.com/prnewswire/2022/07/13/cvs-health-hold-second-quarter-2022-earnings-conference-call/ | 2022-07-13T14:22:38Z |
ROCKVILLE, Md., Aug. 1, 2022 /PRNewswire/ -- Arch Amenities Group, a full-service global provider of wellness, amenity and meeting services for commercial and residential properties, hotels and private clubs, today announced it acquired NYS Pool Management, a leader in pool construction and management in New York, New Jersey, Pennsylvania, Connecticut and Florida.
NYS Pool Management also operates as United Pool Services. Based in Mahwah, New Jersey, and North Fort Myers, Florida, the companies specialize in day-to-day operations, pool construction and repairs, maintenance, risk management, pool-related special events and staffing, among other services.
Barry Goldstein, Arch chief executive officer, said the acquisition adds "Important and desired services that complement our established presence in hotels, fitness centers, country clubs and residential communities. NYS and United can tackle complex construction projects while managing large-scale pools, including the hiring and training of full-time lifeguards."
Todd Langenmayr, NYS president, said the combination would enable Arch to provide a broader spectrum of services and give NYS and United an expanded market reach. "By bringing our pool services to the nation's premier full-service amenity provider, we will accelerate our growth and gain an introduction to new categories of clients," he said.
Arch Amenities Group, based in Rockville, Maryland, is a leading provider of wellness, amenity and meeting services for commercial and residential properties, hotels and private clubs worldwide. Arch provides daily management services as well as feasibility studies, planning and design consultancy and pre-opening support. Arch is a portfolio company of private equity firm CI Capital Partners.
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SOURCE Arch Amenities Group | https://www.wibw.com/prnewswire/2022/08/01/arch-amenities-group-acquires-pool-management-construction-company/ | 2022-08-01T13:13:59Z |
LAS VEGAS, July 25, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for June 2022 as well as second quarter 2022.
"Total revenue for the second quarter was roughly $629 million, up 28 percent from 2019," stated Drew Wells, senior vice president, revenue. "Demand strength persisted throughout the quarter resulting in TRASM increases of over 15 percent, year over three-year, on capacity growth in excess of 13 percent, when compared with 2019. The month of June was particularly strong with TRASM up roughly 20 percent for the month, year over three-year. July TRASM is currently trending in-line with June yielding similar year over three-year percentage increases. In addition, we expect July's load factor to come in slightly higher than June's result of 90 percent."
"Second quarter CASM, excluding fuel and 2022 employee recognition bonus, was up 14 percent year over three-year, in-line with our prior guidance," stated Gregory Anderson, executive vice president, chief financial officer. "Our fuel cost per gallon was $4.32, slightly above our previous guidance. This increase in fuel price coupled with a slight reduction in fuel efficiency from the first quarter, attributable to a more than eight-point increase in load factor, resulted in roughly $9 million in incremental fuel expense for the quarter. Based on the above results, we expect an earnings per share, excluding 2022 employee recognition bonus, of roughly $0.62 for the second quarter."
*Total system includes scheduled service and fixed fee contract. System revenue passenger miles and system load factor are not useful statistics as system available seat miles include both ASMs flown by fixed fee flying as well as non-revenue producing repositioning flights used for operational needs. Fixed fee flying is better measured through dollar contribution versus operational statistics.
Allegiant Travel Company
Las Vegas-based Allegiant (NASDAQ: ALGT) is an integrated travel company with an airline at its heart, focused on connecting customers with the people, places and experiences that matter most. Since 1999, Allegiant Air has linked travelers in small-to-medium cities to world-class vacation destinations with all-nonstop flights and industry-low average fares. Today, Allegiant's all-Airbus fleet serves communities across the nation, with base airfares less than half the cost of the average domestic roundtrip ticket. For more information, visit us at Allegiant.com. Media information, including photos, is available at http://gofly.us/iiFa303wrtF
ALGT/G
Note: This news release was accurate at the date of issuance. However, information contained in the release may have changed. If you plan to use the information contained herein for any purpose, verification of its continued accuracy is your responsibility.
For further information please visit the company's investor website: http://ir.allegiantair.com
Reference to the Company's website above does not constitute incorporation of any of the information thereon into this news release.
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SOURCE Allegiant Travel Company | https://www.mysuncoast.com/prnewswire/2022/07/25/allegiant-reports-june-2022-traffic/ | 2022-07-25T21:50:10Z |
DOYLESTOWN, Pa., June 8, 2022 /PRNewswire/ -- Antios Therapeutics, Inc. (Antios), a clinical-stage biopharmaceutical company developing innovative therapies to advance treatments that can provide a bridge to a cure for chronic hepatitis B virus (HBV), today announced the acceptance of oral presentations highlighting ATI-2173, Antios' lead therapeutic HBV candidate and the only Active Site Polymerase Inhibitor Nucleotide (ASPIN) for HBV in clinical development, and ATI-1428 and ATI-1645, candidates from Antios' 4th generation capsid assembly modulators (CAM) program. These presentations will be given at the European Association for the Study of the Liver's International Liver Congress 2022 (EASL ILC 2022), taking place June 22 – 26, 2022 at the ExCeL London Exhibition Centre in London, UK.
Antios will be presenting the 90-day, Phase 2a study of ATI-2173 in combination with tenofovir disoproxil fumarate (TDF). This double-blind, randomized, placebo-controlled study of 20 adult patients was designed to assess the efficacy and safety of 25 and 50 mg doses of ATI-2173 daily for 90 days in combination with TDF compared with TDF plus placebo (control) in chronic HBV-infected subjects. The primary endpoints included the percentage of patients experiencing adverse reactions and time to HBV viral load relapse. In addition to adverse reactions, as a part of the primary safety endpoint, the safety evaluations recorded off-treatment ALT flares in all treatment groups.
Antios will also present preclinical data from ATI-1428 and ATI-1645, which are in investigational new drug enabling development. These candidates are class II CAMs with a novel and unique ultra-potent mechanism of action design that may provide for a more targeted and beneficial antiviral response by the immune system. To date, data in a transgenic mouse model for both compounds provide initial evidence for potent in vitro and in vivo activity, an excellent pharmacokinetic profile, and no accumulation of empty capsids in the hepatocellular cytoplasm.
"We see ATI-2173 as a bridge to a cure – an important first step in the ultimate search for a cure for HBV," said Greg Mayes, Chief Executive Officer of Antios. "To date, the data have been encouraging, indicating that combining ATI-2173 with a nucleoside analogue such as TDF in a simple, once-a-day regimen has the potential to completely shut down HBV polymerase activity and viral replication. We look forward to presenting our Phase 2a data, as well as the initial data from our CAM program, at the upcoming International Liver Congress."
Title: Sustained 12-week off treatment antiviral efficacy of ATI-2173, a novel active site polymerase inhibitor nucleotide, combined with tenofovir disoproxil fumarate in chronic hepatitis B patients, a phase 2a clinical trial (#296)
- Author/Presenter: Douglas Mayers, M.D.
- Presentation Type: Oral Presentation
- Date/Time: June 25, 2022, at 9:15am BST
Title: Novel ultra-potent capsid assembly modulators prevent abnormal accumulation of empty capsids and associated T-cell mediated liver injury in a mouse model of hepatitis B virus infection (#291)
- Author/Presenter: Luca Guidotti, M.D., Ph.D.
- Presentation Type: Oral Presentation
- Date/Time: June 25, 2022, at 5:30pm BST
ATI-2173, Antios Therapeutics' lead once-daily, oral drug candidate for treating HBV, is an investigational phosphoramidate prodrug of clevudine monophosphate. ATI-2173 has the potential, if approved, to be a bridge to a potential cure for HBV. It is the only Active Site Polymerase Inhibitor Nucleotide (ASPIN) for HBV in clinical development, and its mechanism of action is designed to be complementary to other approaches that also seek to achieve a functional cure.
ATI-1428 and ATI-1645 are 4th generation, class II capsid assembly modulators (CAMs), both with a novel and unique ultra-potent mechanism of action design that may provide for a more targeted, productive antiviral response by the immune system. Derived from a novel chemical scaffold, these CAMs have shown strong in vitro and in vivo activity in a transgenic mouse model of HBV infection. As CAMs with an ultrapotent design inducing no accumulation of empty capsids based on an initial preclinical mouse study, ATI-1428 and ATI-1645 represent promising candidates for clinical development and have entered investigational new drug enabling development. ATI-1428 and ATI-1645 were acquired by Antios in November of 2021 from San Raffaele Hospital (OSR), Istituto Nazionale Genetica Molecolare (INGM), and IRBM/Promidis, a collaboration of Italian research institutes and a global contract research organization.
Hepatitis B is a potentially life-threatening liver infection caused by HBV. HBV can cause chronic infection, which leads to a higher risk of death from cirrhosis and liver cancer. Chronic HBV infection represents a significant unmet medical need. The World Health Organization estimates that up to 300 million people worldwide suffer from chronic HBV infection, while other estimates indicate that approximately two million people in the United States suffer from chronic HBV infection. Approximately 900,000 people die every year from complications related to chronic HBV infection despite the availability of effective vaccines and current treatment options.
Antios Therapeutics is a clinical-stage biopharmaceutical company focused on the development of innovative therapies to treat and cure viral diseases. Its lead drug candidate ATI-2173 – the only Active Site Polymerase Inhibitor Nucleotide (ASPIN) for HBV in clinical development – has the potential, if approved, to become a potential bridge to a cure for chronic HBV. Antios is also developing a novel series of 4th generation capsid assembly modulators (CAMs) to further expand Antios' portfolio of differentiated molecules in the HBV space. HBV is a major unmet global health problem affecting up to 300 million people worldwide, more than hepatitis C and HIV combined. For more information, please visit www.antiostherapeutics.com.
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SOURCE Antios Therapeutics | https://www.kxii.com/prnewswire/2022/06/08/antios-therapeutics-announces-oral-presentations-ati-2173-ati-1428-ati-1645-hepatitis-b-virus-programs-easl-international-liver-congress-2022/ | 2022-06-08T12:03:35Z |
BRANCHVILLE, N.J., July 28, 2022 /PRNewswire/ -- Seventy-seven percent of U.S. homeowners plan to take at least one vacation between July and December 2022, according to a new study commissioned by Selective Insurance, with 44% planning to travel for a week or longer. While 59% of U.S. homeowners have a home security system or device, less than half (49%) use one to protect their unoccupied home when they are on vacation. These findings are part of an online survey of more than 1,400 U.S. homeowners The Harris Poll conducted for Selective.
Locking all their windows (68%) is the most common home security measure vacationing U.S. homeowners use to protect their vacant homes. Additional safety precautions include having someone check their home (61%), setting lights on a timer (39%), shutting off water (21%), and hiring a house sitter (13%).
"Vacations are a great time to create new memories, but they are quickly forgotten if you return to a damaged or burglarized home. Taking sensible home safety preparations before leaving is as important as packing the right items in your suitcase," said Allen Anderson, Senior Vice President of Personal Lines at Selective Insurance. "Our research shows that home security systems and devices are widely under-used across the country, but they are powerful mitigation defenses against unoccupied home theft, fire, and water leaks."
The study also revealed that younger U.S. homeowners, aged 18-34 (60%) and 35-44 (64%), are more likely to use a security system or device to keep their home safe while vacationing compared to those aged 55-64 (41%) and 65+ (34%). In addition, significantly more U.S. homeowners residing in urban areas (63%) use a security system or device when vacationing than those in suburban (49%) or rural (31%) communities.
Regional Insights
Selective's study found geographic differences in U.S. homeowners' vacation plans and use of security systems or devices while away:
- Half of Northeast homeowners (50%) plan to take a week or longer vacation between July and December compared to just 38% of Midwest homeowners.
- Homeowners in the South (51%) and West (58%) are more likely to use a security system or device when they are away on vacation than those in the Northeast (40%) and Midwest (42%).
Home Security with SimpliSafe®
SimpliSafe® and Selective Insurance recently partnered to offer Selective's eligible homeowner policyholders a complimentary 7-piece security system. The package also includes two months of SimpliSafe's most comprehensive professional monitoring. Eligible homeowner policyholders who choose to receive and activate a SimpliSafe security system with monitoring within sixty days of delivery get an automatic discount on their Selective insurance policy. Visit here for details and limitations.
Survey Methodology:
This survey was conducted online within the United States by The Harris Poll on behalf of Selective Insurance from June 23 – June 27, 2022, among 2,053 U.S. adults ages 18 and older, of whom 1,444 are homeowners. Harris online polls' sampling precision is measured using a Bayesian credible interval. For this study, the sample data is accurate to within +2.8 percentage points using a 95% confidence level. For complete survey methodology, including weighting variables and subgroup sample sizes, please contact Katelyn Leondi.
About Selective Insurance
Selective Insurance Group, Inc. (Nasdaq: SIGI) is a holding company for 10 property and casualty insurance companies rated "A+" (Superior) by AM Best. Through independent agents, the insurance companies offer standard and specialty insurance for commercial and personal risks and flood insurance through the National Flood Insurance Program's Write Your Own Program. Selective's unique position as both a leading insurance group and an employer of choice is recognized in a wide variety of awards and honors, including the Fortune 1000 and being certified as a Great Place to Work® in 2022 for the third consecutive year. For more information about Selective, visit www.Selective.com.
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SOURCE Selective Insurance Group, Inc. | https://www.wibw.com/prnewswire/2022/07/28/homeowners-hit-road-vacation-selective-insurance-study-finds-opportunities-additional-home-security-precautions/ | 2022-07-28T17:36:42Z |
Hall of Fame NFL running back Hugh McElhenny dies at 93
(AP) -- NFL Hall of Famer Hugh McElhenny, an elusive running back from the 1950s has died. He was 93.
The Pro Football Hall of Fame said in a news release that McEhlenny died of natural causes on June 17 at his home in Nevada, and that son-in-law Chris Permann confirmed the death.
Elected to the Pro Football Hall of Fame in 1970, McElhenny’s thrilling runs and all-around skills as a runner, receiver and kick returner made him one of the NFL’s top players of the 1950s. He was the league’s Rookie of the Year in 1952 (before the award became official) and made two All-Pro teams, six Pro Bowls and the NFL’s All-Decade squad of the 1950s.
An all-conference player at Washington, where he set several Pacific Coast Conference records, McElhenny was selected ninth overall in the 1952 draft and made an immediate impact. Not only did he lead the run-happy NFL in yards per carry (7.0) that season, but McElhenny had the longest rush from scrimmage, 89 yards, and the longest punt return, 94 yards. He scored 10 touchdowns as a rookie.
It was the beginning of a stretch of nine seasons in which McElhenny was the 49ers’ primary offensive weapon. Only in 1954, when a separated shoulder sidelined him after six games, and 1960, his final year in San Francisco, was McElhenny not a focal point for the Niners.
He also was something of a franchise savior, which was fitting because the 49ers once tried to sign him out of high school when they were still in the All-American Football Conference.
“When Hugh joined the 49ers in 1952,” Lou Spadia, then the team’s general manager, said, “it was questionable whether our franchise could survive. McElhenny removed all doubts. That’s why we call him our franchise saver.”
Defenders would call him something else as they got arms full of air instead of the ball carrier.
“My attitude carrying the ball was fear,” he said. “Not a fear of getting hurt, but a fear of getting caught from behind and taken down and embarrassing myself and my teammates.”
Easily recognizable for his long stride and high knee action, McElhenny not only was fast but had the moves of a break dancer decades before break dancing became a thing.
“Preparing for a team that lists McElhenny on the roster,” said Hamp Pool, who coached the archrival Rams from 1952-54, “you just can’t take any chances.”
Coincidentally, his long-time 49ers backfield mate, fullback Joe Perry — another Hall of Famer — had played at Compton Junior College in California, where McElhenny starred before heading to Washington. Together in San Francisco, they formed one of pro football’s best backfield tandems.
But the Niners made the postseason only once with McElhenny, losing a Western Conference title playoff game with Detroit in 1957. By 1961, with McElhenny wearing down a bit, he was left on the expansion draft list and scooped up by Minnesota. He had a solid season and made the Pro Bowl as the Vikings went 3-11 in their inaugural season.
Knee problems then slowed him. He played one more year with Minnesota, spent 1963 as a backup with the New York Giants, where he played in his only NFL title game, losing to Chicago, and finished his career in 1964 with Detroit.
When he retired, McElhenny was one of three players to have gained more than 11,000 all-purpose yards.
___
More AP NFL: https://apnews.com/NFL and https://twitter.com/AP_NFL
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/06/23/hall-fame-nfl-running-back-hugh-mcelhenny-dies-93/ | 2022-06-23T20:29:57Z |
Homeward's CEO and Founder was selected out of 44 finalists for his leadership and entrepreneurial spirit.
AUSTIN, Texas, June 29, 2022 /PRNewswire/ -- Ernst & Young LLP announced on Friday that Tim Heyl, Founder and CEO of Homeward, was named an Entrepreneur Of The Year® 2022 Central South Award winner. Entrepreneur Of The Year is one of the preeminent competitive business awards for entrepreneurs and leaders of high-growth companies who think big to succeed.
Heyl was selected by an independent panel of judges that considered his entrepreneurial spirit, purpose, growth, and impact, among other core contributions and attributes. Forty-four finalists were selected, and fifteen were named winners for the Central South region. Heyl was the only entrepreneur with a company in the residential real estate space.
"It's been a long-term mission of mine to make a difference in the lives of others, and I'm humbled that EY recognized me in a field of equally impressive and innovative entrepreneurs," Heyl says. "I am inspired every day by the entrepreneurial spirit and can-do attitude of the real estate agents we partner with. This award is a testament to them, the entire Homeward team, and our investors."
Homeward is a modern home finance company that helps real estate agents and their clients overcome the limitations of traditional mortgages and buy a home with cash. An agent himself, Heyl noticed a pattern — Buyers couldn't make an offer on a new home until they sold their old home. In December 2018, Heyl decided to try and solve this problem. He bought the house his client wanted with his own money, then sold it back to the client once he had finalized his mortgage. Homeward's first service, Buy Before you sell, was born.
To scale this solution and enable other agents to use it, Heyl created Homeward. And eventually launched a second service, Buy with cash, allowing those without a home to sell first to make an all-cash offer.
Thanks to Heyl's leadership and record-breaking growth in 2021, Homeward secured growth capital of $371M, including $136M in equity and $235M in debt. This enabled the hiring of more than 250 new employees in 2021 alone, in the midst of a pandemic. Scaling quickly has spring-boarded Homeward's ability to innovate on behalf of the agent, who is central to all of Homeward's transactions.
As a Central South award winner, Heyl will now be considered by the National independent panel of judges for the Entrepreneur Of The Year 2022 National Awards. National finalists and winners, as well as the Entrepreneur Of The Year National Overall Award winner, will be announced in November at the annual Strategic Growth Forum®. The Entrepreneur Of The Year National Overall Award winner will then move on to compete for the EY World Entrepreneur Of The Year™ Award in June 2023.
Homeward is a modern home finance company that helps real estate agents and their clients overcome the limitations of traditional mortgages. The Homeward Cash Offer eliminates finance, home sale, and appraisal contingencies, enabling homebuyers to win with cash and, when necessary, to buy their new home before they sell their old one. Homeward has an office in Austin, TX, but operates with a fully remote workforce. If you're an agent, please visit homeward.com to learn how to make every client a cash buyer.
Entrepreneur Of The Year is the world's most prestigious business awards program for unstoppable entrepreneurs. These visionary leaders deliver innovation, growth and prosperity that transform our world. The program engages entrepreneurs with insights and experiences that foster growth. It connects them with their peers to strengthen entrepreneurship around the world. Entrepreneur Of The Year is the first and only truly global awards program of its kind. It celebrates entrepreneurs through regional and national awards programs in more than 145 cities in over 60 countries. National overall winners go on to compete for the EY World Entrepreneur Of The Year™ title. ey.com/us/eoy
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SOURCE Homeward | https://www.kxii.com/prnewswire/2022/06/29/tim-heyl-awarded-ey-entrepreneur-year-2022-central-south-region/ | 2022-06-29T13:58:31Z |
NEW YORK and LONDON and SINGAPORE and SHANGHAI, May 31, 2022 /PRNewswire/ -- Mindshare, the media services company that is part of WPP, is today launching Precisely Human Intelligence (PHI) - a new suite of machine learning products that help brands better understand the motivations, mindsets and emotions that drive consumer decision-making and then buy those audiences at scale.
The PHI suite of products combines empathy and precision through a deeper understanding of human identity connected to first party data. It is built on Audience Origin, part of the Choreograph WPP data spine, which holds extensive, first party consumer data around interests, behaviours, media consumption and purchase decision-making across 74 markets.
It is the largest global consumer database of its kind and the underlying first-party, non-cookie-based records are constantly updated, enabling Mindshare to understand consumer motivations in much greater detail and for the first time making it possible to plan and buy audiences based on their motivations or emotions across digital platforms at scale.
The Precisely Human Intelligence suite consists of four core products:
PHI Culture - Delivering more relevant messaging and media activation through a more nuanced understanding of culture, using a unique combination of algorithms and large consumer data sets.
PHI Platform - Delivering better creative storytelling, through a highly scalable, globally automated analysis of consumer motivations and how they map to social media platforms.
PHI Commerce - Delivering more precise targeting, using a global cognitive science approach that gives a robust understanding of subconscious decision-making patterns.
PHI Media - Delivering significantly improved effectiveness of cross-platform media buys, using always-on, continuously updated media behavior segments paired with bespoke data from client segmentations.
Speaking about the launch, Adam Gerhart, Global CEO, Mindshare, said: "The Precisely Human Intelligence suite of products is part of Mindshare's vision to deliver Good Growth for our clients. The underlying products are already driving growth and value for clients. By shifting from third-party precision signals to a balanced first-party data approach we have seen incremental lift in performance metrics by up to 35%."
Victoria Cook, Global Chief Data Strategy & Insights Officer, Mindshare, said: ''Humans are complex. We change our identity based on our context, we have more ways to self-identify than ever before and we can hold multiple identities at once. Precisely Human Intelligence gives us a better way to understand humans and how to connect with them in media by taking empathy data and connecting it to precision data. We are unique in being able to do this because we have built our solutions on Audience Origin, Choreograph's bespoke data service available in 74 markets, which gives us access to proprietary first party data and the scale we need to plan globally. It allows us to deliver better ad experiences for consumers by finally connecting the understanding we have of real people to buying systems in media."
Mindshare is a media services company that accelerates Good Growth for its clients in the age of transformation. Good Growth is business growth that is enduring and sustainable whilst also helping to shape society and the world for the better. We accelerate it for our clients by using media as a multiplier to drive sales and maximise marketing investments. We use Precisely Human Intelligence that combines data science and behavioural science to understand consumers and their motivations better and we act on that intelligence by planning media with intention to connect brands with consumers around their shared values. We were the first purpose built company created by WPP and today our 10,000 people operate in 116 offices in 86 countries, helping to drive Good Growth for our clients, our people, the industry and the world.
www.mindshareworld.com
WeChat ID: Mindshare_China
Instagram and Twitter: @mindshare
Facebook: facebook.com/mindshare
LinkedIn: LinkedIn.com/company/mindshare
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SOURCE Mindshare | https://www.wibw.com/prnewswire/2022/05/31/mindshare-launches-precisely-human-intelligence-help-accelerate-good-growth-brands/ | 2022-05-31T19:59:43Z |
EUGENE, Ore. (AP) — Oregon Ducks tight end Spencer Webb has died after falling and striking his head on rock slides at a popular swimming lake near Eugene, Oregon, authorities said.
The 22-year-old who was expected to play his fifth football season at the University of Oregon this fall was found about 100 yards down a steep trail Wednesday afternoon at Triangle Lake. He was unresponsive and could not be revived by paramedics or bystanders, the Lane County Sheriff’s Office said in statement.
Authorities said his death appeared to be accidental.
Webb was also a social media star. His TikTok account, where he often posted about his life and athletic achievements, had more than 550,000 followers.
Triangle Lake and the nearby Lake Creek Falls are a popular destination for swimmers who navigate naturally formed rock slides by inner tube and swim in several swimming holes.
Webb was expected to compete for starting tight end this fall with Terrance Ferguson and Moliki Matavao, The Register-Guard reported.
During his four seasons at Oregon, Webb recorded 31 receptions, 296 yards, and four touchdowns. His first career touchdown was arguably his most famous play, a 20-yard catch over a defender on a ball thrown by Justin Herbert in the 2019 season opener against Auburn.
The player nicknamed “Spider” was a consensus four-star out of Christian Brothers High School in Sacramento; a top 10 tight end and top 300 prospects by ESPN, Rivals, and 247Sports; and the No. 1 tight end in California by ESPN and 247Sports in 2018, the newspaper reported.
Multiple Oregon coaches and players acknowledged Webb’s death on social media Wednesday night.
“So full of life in every moment of the day,” Oregon football coach Dan Lanning tweeted. “Your smile and energy will be missed Spencer. I love you!”
Like his late grandfather, Donald “Spido” Webb, Spencer was a multi-sport athlete. He was invited by Oregon men’s basketball coach Dana Altman as a practice player when the Ducks were depleted by injury during the 2018-19 season, but didn’t end up joining the team, The Oregonian/OregonLive reported.
Webb is survived by his older brother, Cody, who became Spencer’s legal guardian 10 years ago, sister-in-law, Alicia, aunt and uncle, who all helped raise him. | https://cw33.com/sports/ap-sports/oregon-ducks-tight-end-spencer-webb-dies-of-head-injury/ | 2022-07-14T19:06:10Z |
Pelosi confirms trip to Asia, but no mention of Taiwan
BEIJING (AP) - The speaker of the U.S. House of Representatives, Nancy Pelosi, confirmed Sunday she will visit four Asian countries this week but made no mention of a possible stop in Taiwan that has fueled tension with Beijing, which claims the island democracy as its own territory.
Pelosi said in a statement she is leading a congressional delegation to Singapore, Malaysia, South Korea and Japan to discuss trade, the COVID-19 pandemic, climate change, security and “democratic governance.”
Pelosi has yet to confirm news reports that she might visit Taiwan. Chinese President Xi Jinping warned against meddling in Beijing’s dealings with the island in a phone call Thursday with his American counterpart, Joe Biden.
Beijing sees official American contact with Taiwan as encouragement to make its decades-old de facto independence permanent, a step U.S. leaders say they don’t support. Pelosi, head of one of three branches of the U.S. government, would be the highest-ranking elected American official to visit Taiwan since then-Speaker Newt Gingrich in 1997.
The Biden administration didn’t explicitly urge Pelosi to avoid Taiwan but tried to assure Beijing there was no reason to “come to blows” and that if such a visit occurred, it would signal no change in U.S. policy.
“Under the strong leadership of President Biden, America is firmly committed to smart, strategic engagement in the region, understanding that a free and flourishing Indo-Pacific is crucial to prosperity in our nation and around the globe,” Pelosi’s statement said.
Taiwan and China split in 1949 after the communists won a civil war on the mainland. Both sides say they are one country but disagree over which government is entitled to national leadership. They have no official relations but are linked by billions of dollars of trade and investment.
The United States switched diplomatic recognition from Taipei to Beijing in 1979, but maintains informal relations with the island. Washington is obligated by federal law to see that Taiwan has the means to defend itself.
Washington’s “One China policy” says it takes no position on the status of the two sides but wants their dispute resolved peacefully. Beijing promotes an alternative “One China principle” that says they are one country and the Communist Party is its leader.
Members of Congress publicly backed Pelosi’s interest in visiting Taiwan despite Chinese opposition. They want to avoid being seen as yielding to Beijing.
Beijing has given no details of how it might react if Pelosi goes to Taiwan, but the Ministry of Defense warned last week the military would take “strong measures to thwart any external interference.” The foreign ministry said, “those who play with fire will perish by it.”
The ruling party’s military wing, the People’s Liberation Army, has flown growing numbers of fighter planes and bombers around Taiwan to intimidate the island.
“The Air Force’s multi-type fighter jets fly around the treasured island of the motherland, tempering and enhancing the ability to maintain national sovereignty and territorial integrity,” military spokesman Col. Shen Jinke said on Sunday, referring to Taiwan.
Pelosi said her delegation includes U.S. Reps. Gregory Meeks, chairman of the House Foreign Affairs Committee; Mark Takano, chairman of the House Committee on Veterans’ Affairs; Suzan DelBene, vice chair of the House Ways and Means Committee; Raja Krishnamoorthi, a member of the House Permanent Select Committee on Intelligence and chair of the Subcommittee on Economic and Consumer Policy of the House Committee on Oversight and Reform, and Andy Kim, a member of the House Armed Services and Foreign Affairs Committees.
A visit to Taiwan would be a career capstone for Pelosi, who increasingly uses her position in Congress as a U.S. emissary on the global stage. She has long challenged China on human rights and wanted to visit Taiwan earlier this year.
In 1991, as a new member of Congress, Pelosi irked Chinese authorities by unfurling a banner on Tiananmen Square in central Beijing commemorating those killed when the Communist Party crushed pro-democracy protests two years earlier.
“It’s important for us to show support for Taiwan,” Pelosi, a Democrat from California, told reporters this month.
But she had made clear she was not advocating U.S. policy changes.
“None of us has ever said we’re for independence, when it comes to Taiwan,” she said. “That’s up to Taiwan to decide.”
On Friday, National Security Council spokesman John Kirby tried to tamp down concerns.
“There’s no reason for it to come to that, to come to blows,” Kirby said at the White House. “There’s no reason for that because there’s been no change in American policy with respect to One China.”
___
Mascaro reported from Washington.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/07/31/pelosi-confirms-trip-asia-no-mention-taiwan/ | 2022-07-31T09:52:06Z |
Twenty South Florida charitable organizations receiving support
MIRAMAR, Fla., June 13, 2022 /PRNewswire/ -- The Spirit Charitable Foundation announces it has pledged $1 million to a total of 44 non-profit organizations throughout the U.S., Latin America and the Caribbean for 2022. The donations fuel the Foundation's commitment to supporting its three key pillars: children and families, service members, and the environment.
"The Spirit Charitable Foundation believes change starts by giving back. We are committed to inspiring positive change in the communities where we live and work, and it's so moving to be able to make a meaningful impact on so many great organizations across our network," said Lania Rittenhouse, President of the Spirit Charitable Foundation and Vice President of Guest Experience & Brand for Spirit Airlines.
The Foundation has committed more than $1 million in monetary donations in total this year toward the 43 organizations listed below.
Donations are made through Team Member volunteerism, monetary and in-kind donations. One hundred percent of event proceeds go directly to charity and non-profit organizations. The Foundation sends a heartfelt thanks to NexGen Aero, Airbus, Pratt & Whitney and all other sponsors of this year's The Spirit Open golf event in March 2022 who helped make these commitments a reality. Click here for more information about the Spirit Charitable Foundation.
About Spirit Airlines:
Spirit Airlines (NYSE: SAVE) is committed to delivering the best value in the sky. We are the leader in providing customizable travel options starting with an unbundled fare. This allows our Guests to pay only for the options they choose — like bags, seat assignments and refreshments — something we call Á La Smarte®. We make it possible for our Guests to venture further and discover more than ever before. Our Fit Fleet® is one of the youngest and most fuel-efficient in the U.S. We serve destinations throughout the U.S., Latin America and the Caribbean, and are dedicated to giving back and improving those communities. Come save with us at spirit.com.
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SOURCE Spirit Airlines, Inc. | https://www.kxii.com/prnewswire/2022/06/13/spirit-charitable-foundation-commits-1-million-44-non-profit-organizations-2022/ | 2022-06-13T15:32:05Z |
NEW YORK, July 21, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Digital Turbine, Inc. ("Digital Turbine" or the "Company") (NASDAQ: APPS) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Digital Turbine investors who were adversely affected by alleged securities fraud between August 9, 2021 and May 17, 2022. Follow the link below to get more information and be contacted by a member of our team:
APPS investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) the Company's recent acquisitions, AdColony and Fyber, act as agents in certain of their respective product lines; (2) as a result, revenues for those product lines must be reported net of license fees and revenue share, rather than on a gross basis; (3) the Company's internal control over financial reporting as to revenue recognition was deficient; and (4) as a result of the foregoing, the Company's net revenues was overstated throughout fiscal 2022; and (5) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
WHAT'S NEXT? If you suffered a loss in Digital Turbine during the relevant time frame, you have until August 5, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP | https://www.kxii.com/prnewswire/2022/07/21/apps-lawsuit-alert-levi-amp-korsinsky-notifies-digital-turbine-inc-investors-class-action-lawsuit-upcoming-deadline/ | 2022-07-21T11:19:16Z |
GOTHENBURG, Sweden, Aug. 15, 2022 /PRNewswire/ -- Isofol Medical AB (publ) (Nasdaq Stockholm: ISOFOL) ("Isofol"), will publish the company's results for the second quarter of 2022 on Tuesday, August 23, 2022. On the same day, Isofol invites investors, analysts, and media to an audiocast with a subsequent question and answer session.
In conjunction with the publication of the interim report for the second quarter of 2022, Isofol invites investors, analysts, and media to an audiocast on August 23, 2022 at 12:30 p.m. CEST. The presentation will be held by Isofol's CEO Ulf Jungnelius and CFO Gustaf Albèrt, who will present and comment the report, followed by a Q&A-session. The presentation will be held in English.
Date and time
August 23, 2022, at 12.30 p.m. CEST
Webcast link
https://tv.streamfabriken.com/isofol-medical-q2-2022
Phone number
To participate via telephone, please dial one of the numbers below.
SWE: +46 8 50 51 63 86
UK +44 203 198 48 84
US +1 412 317 6300, PIN 3977834#
The presentation will also be available on Isofol's website after the broadcast:
https://isofolmedical.com/company-presentations/
Isofol Medical AB (publ)
Ulf Jungnelius, M.D., Chief Executive Officer
E-mail: jungnelius@isofolmedical.com
Phone: +46 (0) 709 16 89 55
Gustaf Albèrt, CFO
E-mail: gustaf.albert@isofolmedical.com
Phone: +46 (0)709-16 83 02
The information was submitted for publication, through the agency of the contact person set out above, at 11.15 CEST on August 15, 2022.
Isofol Medical AB (publ) is a clinical stage biotech company that is boldly progressing the status quo and advancing current standards of care for people living with cancer by working to improve the efficacy of the current chemotherapeutic standards of care. Singularly focused on developing a first line treatment for most patients with metastatic colorectal cancer (mCRC), Isofol seeks to elevate current clinical practice by unlocking the full strength of 5-FU with its compound in development. Isofol holds a worldwide exclusive licensing agreement with Merck & Cie, Darmstadt, Germany to develop and commercialize arfolitixorin for use in oncology. Isofol Medical AB (publ) is traded on Nasdaq Stockholm.
This information was brought to you by Cision http://news.cision.com
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SOURCE Isofol Medical AB (publ) | https://www.wibw.com/prnewswire/2022/08/15/invitation-presentation-isofols-report-second-quarter-2022/ | 2022-08-15T11:14:31Z |
NEW YORK, Aug. 3, 2022 /PRNewswire/ -- Space Hero, Lava and One Digital Entertainment today announced plans for the creation of Space Village, a series of 10 iconic futuristic space-inspired landmarks in different locations around the world. Space Village is designed by Alexander Rieck from German architectural firm LAVA. Each Space Village will feature a large space center and a glimpse of forward-looking technology that will stimulate the visitor's imagination.
A media studio to produce Space Hero, the global competition series, and an iconic hotel, where fans of the series can watch events unfold in real-time, will add to the first-of-its kind features that Space Village will offer.
As part of the Space Hero series, 24 Space Hero finalists complete numerous challenges in a setting that resembles the various conditions in space to prepare for an extraordinary mission, including thriving underwater in a buoyancy tank. The challenges will resemble the endurance tests astronauts must complete when training for a mission. Inside Space Village, the finalists' living quarters will model spacecraft conditions and finalists will be challenged to create their own energy and grow food. A jury, which will include a group of experienced astronauts, scientists, and professional athletes, will observe the finalists' behavior and character. Global audiences will be able to vote for their favorite finalist during weekly episodes.
"Visitors to Space Village will experience what life could be in 30 years; sustainable, yet comfortable, healthy and happy," said Thomas Reemer founding partner of TDGA Holdings Limited, owner of the Space Hero IP. "We want to show our visitors a future that they can look forward to, using the endless possibilities our planet has to offer."
"Traveling to the stars continues to be the dream of millions of people around the world, and the Space Village will offer visitors that space-themed futuristic thrill of a lifetime," said Deborah Sass, a founding partner of TDGA Holdings Limited, owner of the Space Hero IP. "Children will be inspired to prepare for a career in Space and join exhibitions to the Moon, Mars and beyond," she added.
"We didn't just want to simulate a space craft or living on Mars but showcase how technology that is developed for conditions in Space, is benefitting the future of living on planet Earth. With 10 more Space Villages to be built all over the World, we have a chance to explore any living condition and how to react to it," said Rieck, who is also a professor at the renowned Fraunhofer Institute. "Space Village brings back the hope for an astonishing future world full of miracles. It connects the old dream of travelling to the stars with more actual needs of a sustainable, healthy, and healing earth," Rieck added.
"We see this as an opportunity to not just build something extraordinary but also extremely futuristic, as people on Earth are inevitably finding ways to live sustainably in the future. We believe that we will create experiences and motivate people in general on all elements of travel, sustainability, and empathy for our environment. Space comes closer with jaw dropping experiences for everyone, which only a handful of a lucky few have experienced so far. We are fully capable technologically and at scale to make this a global success," said Shabir Momin & Gurpreet Singh, Founders of One Digital Entertainment.
Over the next two decades TDGA Holdings Limited plans to build 15 Space Villages around the World.
About Space Hero
Space Hero is the world's first-ever global competition series where contestants compete for a $55-million, seven-day trip to space; the biggest prize ever awarded on TV. The competition for this once-in-a-lifetime journey will be open to anyone over 18 who speaks English. This is the remarkable journey of heroes from all over the world to be elected by the global public as their representative of humankind in Space.
Space Hero has established relationships with over 145 Government agencies and Private Space companies in over 63 countries, including NASA, the Japanese space agency JAXA, the Canadian space agency CSA, and the Nigerian and Brazilian space agencies. The series will kick off with a global search for everyday people from any background who share a deep love for space exploration. For more information, please visit www.spacehero.org or follow us on Instagram @wearespacehero.
About LAVA
LAVA (Laboratory for Visionary Architecture) are international science led design vanguards in architecture, questioning standards by providing intelligent solutions for future living, working and entertainment. The Laboratory for Visionary Architecture sees itself as part of the "Neo Nature" or "Next Nature" movement and in nature a model from which to learn with the help of the abstraction of processes and phenomena from nature, the office aims to gain a new perception of construction and spaces.
In every project LAVA is committed to achieving "more with less", creating sustainable experiences with less resources. In 2016, LAVA was awarded the European Prize for Architecture for their visionary approach. The office was founded 2007 by Chris Bosse, Alexander Rieck and Tobias Wallisser in Germany and Australia and currently maintains office locations in Berlin, Stuttgart, Sydney and Ho Chi Minh City where 80 architects work on shaping the world of tomorrow.
About One Digital Entertainment
One Digital Entertainment is Asia's leading digital media, technology and creator network which specializes in many verticals of content and digital media across music, food, comedy, film, fashion, and lifestyle domains and works with some beacon creators and platforms like MostlySane, Badshah, Sidhu Moosewala, Yuvraj Singh, CarryMinati, Alia Bhatt, Sanjeev Kapoor, Sony Pictures, Warner Music, Google, Facebook, Spotify and the likes. The company currently has an unbeaten repertoire of managing a whopping 15000+ creators and ten billion watched minutes of content every month on social media. In recent times the company has acquired Blush, Being Indian aside of significant stakes in Digital2 Sports Pte Ltd, Instant Bollywood. The company has also launched India's first creator-driven merchandise marketplace, MerchGarage and dedicated podcast brand PodOne.
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SOURCE Space Hero | https://www.mysuncoast.com/prnewswire/2022/08/03/space-hero-partners-with-lava-one-digital-entertainment-announce-development-space-village-series-worlds-first-futuristic-space-themed-centers/ | 2022-08-03T16:16:37Z |
MINNEAPOLIS, June 2, 2022 /PRNewswire/ -- Flight cancellations are on the rise these days, showing signs of little improvement for this summer. Being prepared for your travel plans to change at any point before takeoff is key to adapting to the ever-changing travel industry. One sure way of doing that is by having a travel insurance policy in place. But just how far does coverage for flight cancellations reach when it comes to coverage? Yonder Travel Insurance explains below how travel insurance can and maybe can't help when it comes to flight cancellations, changes, and delays.
The purpose of travel insurance is to protect your insured trip cost if you suddenly have to cancel your trip. However, if your travel supplier cancels your flight, it's unlikely travel insurance could provide reimbursement of the ticket. Flight cancellations due to bankruptcy, mechanical breakdown, or natural disasters could be covered, but most other reasons might be excluded, even if you purchased Cancel for Any Reason coverage. If your airline cancels your flight, it's expected they are responsible for reimbursing or accommodating you for that lost expense, so Yonder recommends reaching out to your travel agent or common carrier for their cancellation policies.
On the other hand, if the airline makes a change to your itinerary or cancels your flight, your travel insurance policy could provide coverage for the change fees to reissue your ticket. Some policies will even reimburse you for the unused event or activity expenses that you missed out on due to the flight change.
"Look for travel insurance policies that include itinerary change or change fee coverage in the certificate", recommends Terry Boynton, co-founder and president of Yonder Travel Insurance. Boynton says, "If you need help finding a policy that includes these specific benefits, our team of friendly humans and experts would be happy to point you in the right direction".
Unfortunately, flight delays are still prevalent so far and are expected to continue this summer.Good news is, most travel insurance policies will help reimburse the costs of extra hotel, meal, and local transportation costs you incur due to a significant flight delay! Just make sure you keep all receipts and invoices as this is an important part in getting your claim approved.
If you have yet to purchase travel insurance and are concerned about an upcoming trip, make sure to check with an expert first to ensure you're purchasing a policy that will provide the coverage you need.
The experts at Yonder Travel Insurance have poured over hundreds of policies from the best travel insurance providers in the US to provide the best travel insurance recommendation for how YOU travel. Run a quick quote and compare travel insurance policies for your next trip using our instant quote tool. Yonder donates meals to vulnerable children in need with each policy sold so you can travel well, and do well, when you go Yonder.
Contact:
Beckah Morris, Marketing Director
(855-358-6438)
beckah@insureyonder.com
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SOURCE Yonder Travel Insurance | https://www.wibw.com/prnewswire/2022/06/02/does-travel-insurance-cover-cancelled-flights/ | 2022-06-02T14:53:06Z |
New Ownership Signals Focus on Market Expansion for Fastest-Growing Fleet Management Company, Fueled by Technology and Adoption of Electric Vehicles
Amid Fleet Management Industry Consolidation, Merchants Will Continue to Operate Independently, Executing Against Strategy That Has Driven 5X Topline Growth Over the Last Four Years
HOOKSETT, N.H. and BOSTON, July 21, 2022 /PRNewswire/ -- Merchants Fleet, the nation's fastest growing fleet management company, today announced that Bain Capital and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) have signed a definitive agreement to acquire Merchants Automotive Group, DBA Merchants Fleet and Merchants Auto (collectively "Merchants"). The members of the Merchants leadership team will remain in their current roles and will be co-investors in the business. Chief Executive Officer Brendan P. Keegan will also assume roles of president & chairperson. Terms of the private transaction were not disclosed.
Founded in 1962, Merchants is the fourth largest provider of fleet management services with over $2 billion in assets under management and 165,000 managed commercial fleet units across North America. The company has a unique business model focused on forward-thinking technology solutions, innovative fleet services, and the proactive adoption of electric vehicles. Merchants will continue to operate independently, and benefit from additional resources under the new ownership that will help speed new service launches, technology innovation, and expansion into new markets.
"When we initially provided growth financing to Merchants in 2020, we had our eye on a longer-term partnership," said Olof Bergqvist, a managing director at Bain Capital. "As the fleet management industry continues to experience considerable disruption, we are excited to continue to support Brendan and the Merchants team on their path of consistent long-term growth driven by connected vehicles, multi-modal transportation, efficiency requirements and data-driven intelligence." Julia Levinson, a vice president at Bain Capital, added, "Merchants is at the forefront of electric vehicle expansion as more companies look to improve their ESG performance."
Merchants is uniquely positioned as a unified solution provider, offering the broadest and most flexible fleet services spanning fleet leasing, fuel management, telematics, remarketing, fleet consulting, EV adoption, and mobility to over 20 industries. During the 2021 holiday season, 4 million packages per day were delivered in vehicles managed by Merchants. Unmatched in its move toward electrification of commercial fleets, the company touts existing reservations for 40,000 electric vehicles—an investment and commitment of $2.5 billion.
"The growth Merchants has achieved over the past five years is unrivaled in the industry, and the new ownership group—Bain Capital, ADIA and our leadership team—share a steadfast commitment to keep our clients on the cutting edge of commercial fleet through continued innovation," stated Keegan. "The infusion of new capital affirms the merits of our core values and disruptive approach. While other providers grapple with the effects of a consolidating market—business interruption, systems integration, confusion and employee impacts—Merchants moves forward fearlessly at the vanguard of fleet and mobility with best-in-class solutions for fleet electrification, fueling technology and last mile. There's never been a better time to work for, or work with, Merchants."
The fleet market includes corporate entities that operate fleets of 2.9 million vehicles collectively, excluding rental and government fleets, according to the Automotive Fleet Leasing Association's (AFLA) 2021 US Corporate Fleet Insights Report. Data also shows that many fleets intend to grow or replenish their fleet in 2022—despite vehicle supply chain challenges. Emerging trends fueling the growth of the category include increased e-commerce penetration, energy transition and electrification, increased telematics adoption, and the need for more sophisticated data integration and analytics.
"Merchants is an innovative, growing business and, along with our fellow investors, we support the leadership team's vision for the future of the company," said Hamad Shahwan Al Dhaheri, executive director of the Private Equities Department at ADIA. "Commercial fleet leasing is an area we understand well, having previously and successfully invested in the sector. Our investment in Merchants aligns with our approach of backing strong, proven management teams in executing growth strategies in sectors and markets where we have built strong conviction."
"Since my father Irving Singer founded Merchants in 1962, we have grown alongside our clients through innovation and developing new service offerings," stated Gary Singer, outgoing chairman and owner. "Today's news reflects decades of industry leadership and a remarkable transformation over the past four years, while also setting the stage to accelerate the forward trajectory that is well underway. As my brothers—Robert, Jeffrey, & Michael—and I step away, we are incredibly proud of what has been achieved and excited to pass the reins to the new ownership group. Merchants has the right team and management in place, the right partners in Bain Capital and ADIA, and the determination and grit to forge an exciting future."
The transaction is subject to customary regulatory and other approvals and is expected to close in the third quarter of 2022.
Broadhaven is serving as exclusive financial advisor, BNP Paribas is serving as financing advisor, and WilmerHale is serving as legal advisor to Merchants. Davis Polk is serving as legal advisor to Bain Capital and the consortium, and Gibson Dunn is serving as legal advisor to ADIA. BNP Paribas has acted as the sole acquisition financing provider for the transaction.
About Merchants Fleet
Merchants Fleet is North America's fastest-growing fleet management company, enabling the movement of people, goods and services freely and responsibly. From flexible funding, fleet acquisition and fleet management to vehicle remarketing, fleet consulting, fleet electrification, and the power of cloud-based fleet management platform TotalView®, Merchants serves as a single source for all fleet and mobility needs across more than 20 unique industries. Merchants is headquartered in New England, has its Innovation Center in the Chicago area, and serves fleet clients of all sizes throughout North America. Learn more at www.MerchantsFleet.com.
About Bain Capital
Bain Capital, LP is one of the world's leading private investment firms that creates lasting impact for our investors, teams, businesses, and the communities in which we live. Since our founding in 1984, we've applied our insight and experience to organically expand into numerous asset classes including private equity, credit, public equity, venture capital, real estate and other strategic areas of focus. The firm has offices on four continents, more than 1,300 employees and approximately $160 billion in assets under management. To learn more, visit www.baincapital.com.
About ADIA
Established in 1976, the Abu Dhabi Investment Authority is a globally diversified investment institution that prudently invests funds on behalf of the government of Abu Dhabi through a strategy focused on long-term value creation. For more information, visit www.adia.ae.
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SOURCE Merchants Fleet | https://www.mysuncoast.com/prnewswire/2022/07/21/bain-capital-adia-acquire-merchants-fleet-high-growth-fleet-management-company-alongside-merchants-leadership-team/ | 2022-07-21T14:13:15Z |
Closed for business: Carnation Mall in Alliance is shuttered
ALLIANCE ‑ Except for Dunham's Sports, the Carnation Mall is closed and locked.
There is no more public access to other areas of the property, a city official said Thursday. Michael Dreger, director of public safety and services, said in an email that an entrance providing access to Dunham's has been created.
"The rest of the mall has been closed and secured," he said.
Project manager Chris Koepf, with Harlan and Associates, also confirmed the closure.
Carnation Mall:The shopping center didn't just sell goods, it also made memories
Carnation Mall:Mall walkers take their final lap
Fairmount Properties, a developer based in Orange Village, took ownership of the shopping center at 2500 W. State St. last month. The company plans to redevelop the property into a new retail plaza with a Meijer store, gas station and other retailers.
The mall was previously owned by D&L Ferguson LLC.
The redevelopment project on the Carnation Mall property has been in the works for almost two years. Mall walkers, shoppers and the general public still had inside access Tuesday.
Dreger said he anticipated an increase in construction and interior demolition work on the property soon.
The exterior won't be torn down until October at the earliest, he added.
Dreger said there might be some interior construction at the former J.C. Penney store, where Dunham's will relocate.
The mall opened in 1983. | https://www.cantonrep.com/story/news/local/alliance/2022/09/01/carnation-mall-in-alliance-has-closed-for-good-dunhams-still-open/65468097007/ | 2022-09-01T23:08:29Z |
SAN FRANCISCO, June 8, 2022 /PRNewswire/ -- Ocurate, the Predictive Analytics Solution for eCommerce, today released results of their latest customer success which reduced churn of the most valuable customers for pet brand, WildEarth, by 16%. Ocurate empowers brands to better segment their audiences by identifying lifetime value and churn at the individual level. Companies can seamlessly launch campaigns knowing which customers are of greater value or at risk of churn and intervene with appropriate promotions or communications to drive greater customer engagement.
"A stark reality of ecommerce companies is that 20% of the brands' most valuable customers will generate 80% of the revenue. This means high value customers are 16x as valuable to the brand than regular customers. By identifying these individuals and their predicted lifetime value, companies can create experiences centered around them and are better equipped to drive greater revenue and reduce churn for their most valuable customers," said Tobi Konitzer, CEO of Ocurate."
According to Hubspot, more than 42% of companies don't take any effort to better understand or get to know their customers. With a low barrier to market entry typical to ecommerce, brands will lose out to companies who are identifying what drives customer behavior, who key customers are, and understanding which customers are worth spending extra dollars and effort on to retain.
State of Connected Customer shared, 66% of customers expect brands to understand their needs and expectations. Throughout the customer lifecycle, from first contact to repeat purchase, buyers expect brands to queue up offers, content, and support aligned with their expectations and specific interests. With the risk of losing customers forever the shift toward understanding your customers with the help of data and machine learning has never been more vital. Most businesses don't connect these dots, resulting in a poor brand experience because all consumers receive the same communications. Ocurate was built so brands can access the intelligence they need to meet buyers where they are and offer a hyper-personalized customer experience with offers and content.
"With Ocurate, we easily identified high-value customers at risk of churn. By creating a custom campaign, we were able to reduce our churn rate of this audience by 16%. Not only were Ocurate's predictive analytics accurate, but we were able to quickly see meaningful business impact." Steve Simitzis, CTO, Wild Earth.
Ocurate, a Predictive Analytics solution for eCommerce, finally makes customer lifetime value (LTV) actionable for consumer brands. Ocurate can pinpoint high LTV customers with 90% accuracy, 20%+ better than any other system, and makes LTV actionable by zeroing in on high-value prospects and identifying high-value customers who are at risk of churning.
Ocurate is integrated into our clients' existing marketing flows, and achieves proven results of growing your high LTV customers resulting in a 5X ROI within the first three months. Our secret sauce is a world-class, ML-powered proprietary database consisting of 260 million Americans and their finances, behaviors, attitudes, and personalities.
Media Contact: info@ocurate.com
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SOURCE Ocurate | https://www.kxii.com/prnewswire/2022/06/09/ecommerce-pet-brand-reduces-churn-by-16-using-predictive-analytics-solution-ocurate/ | 2022-06-09T03:17:40Z |
MEXICO CITY, April 5, 2022 /PRNewswire/ -- On April 4, 2022, the First District Court in Bankruptcy Proceeding Matters, which is located in Mexico City and has jurisdiction throughout Mexico published a ruling by means of which it declared ALPHA HOLDING, S.A. DE C.V., ALPHACREDIT CAPITAL, S.A. DE C.V., SOFOM, E.N.R., and ACERCÁNDONOS,. A.P.I. DE C.V., in bankruptcy proceeding (concurso mercantil), derived from the bankruptcy proceeding (concurso mercantil) pre-pack petition filed by such entities.
About Alpha Credit©
About Alpha Credit© is a technology-enabled, financial services company in Latin America that has historically provided consumer loans to individuals and financial solutions for SMEs in Mexico and Colombia.
Forward-looking statements
This release includes "forward-looking statements." Forward-looking statements are not statements of historical fact and reflect the Company's current views about future events. The words "believe," "estimate," "expect," "anticipate," "project," "will," "intend," "seek," "could," "should," "may," "potential" and similar expressions are intended to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Although the Company believes that its expectations reflected in forward-looking statements are reasonable and are based on reasonable assumptions, certain risks and uncertainties could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this release. These risks and uncertainties include, without limitation, risks associated with our ongoing creditor discussions, including our ability to negotiate agreements with our creditors on commercially favorable terms or at all, limitations on the availability of capital, volatility in the Company's business, and the Company's ability to comply with its financial and other covenants and metrics in its financing agreements. Any forward- looking statement speaks only as of the date on which such statement is made, and the Company assumes no obligation to update or revise any forward-looking statements made herein or any other forward-looking statements made by the Company, whether as a result of new information, future events, or otherwise. This communication shall not constitute an offer to sell or the solicitation of an offer to buy securities.
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SOURCE Alpha Holding S.A. de C.V. | https://www.kxii.com/prnewswire/2022/04/06/alpha-holding-sa-de-cv-alphacredit-capital-sa-de-cv-sofom-enr-provided-following-statement/ | 2022-04-06T10:02:36Z |
How Jimmy Darts is crowdsourcing kindness on social media
By Chloe Melas, CNN
You might not know his name, but you’ve probably seen his videos.
To his 8 million followers on Instagram and TikTok, Jimmy Darts, 26, shares videos in which he surprises strangers with cash and other gifts.
Born in Minnesota, Darts, whose real name is Jimmy Kellogg, spoke with CNN about his gift for giving.
“I’ve been doing this my whole life, since I was a little kid,” Darts said. “Growing up my parents for Christmas, they’d give us all like $200 and they’d say a hundred is for you and a hundred is to give away to a stranger. So, they really taught us at a young age to kind of give back, help out. Then just this last year, I started filming it.”
His first video to take off featured an encounter Darts had with a man who was experiencing homelessness in Miami.
“He began sharing his story, opening up and I was like, ‘Oh my goodness, this is wild.’ So I just thought to myself and said, ‘Do you have a Cash App by chance?’ And he is like, ‘Yeah, I do.’ I’m like, ‘I’m just gonna put it at the end of this video and see what will happen.’ So I put it at the end of the video and in the next 24 hours over $20,000 came in for him, enough to get him off the street. And I was like, ‘Oh my gosh, like the power of crowdfunding and social media, using it on TikTok to raise money for people is crazy.’ And so that was kind of the first video where I realized the power of the community.”
In his videos, Darts will typically approach random people in a public space and ask them to to play a game or if they can lend some spare change. Sometimes he’s rebuffed, but those who engage are ultimately rewarded.
His gifts generally range between $500 to $1000, though one woman received a car with actor Taylor Lautner in tow.
“Most of the money, I fundraise it. I’ll go live on Instagram and I’ll say ‘Guys, our goal today is to hit a $1000 dollars or $500.’ And as soon as we hit that goal, I say, ‘All right guys, stop sending the money. We hit our goal today.’ Then I go out and give that money away that day,” Darts said. “If I’m traveling and don’t have time to raise money, I’ll just use money from TikTok. I get paid to do different brand deals, so I’ve worked with like Cash App, Walmart, Lyft doing different commercials and those pay pretty good and so with those funds, I’m able to use it for a video or car giveaways and stuff like that.”
In a video from March, Darts is seen asking a man who was grocery shopping if he could have the tie he was wearing. The man immediately took it off and handed it to Darts, who then pulled out a wallet filled with $500. The man initially declined the gift, but became visibly emotional when he called his wife to tell her what happened. A dance party ensued.
Darts has teamed up with entertainment journalist and producer Jason Kennedy to turn his video series into a television show.
“I can’t get into too much detail about this show, but it’s very exciting,” he said.
Also exciting, Darts said, is the generosity he’s seen in others.
“The people in the videos is one thing, then the people watching the videos, that’s a whole other thing,” Darts said, explaining he’s received messages from viewers who have been inspired by him to do their own gifting.
Kindness, multiplied.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/entertainment/cnn-entertainment/2022/04/29/how-jimmy-darts-is-crowdsourcing-kindness-on-social-media-2/ | 2022-04-29T18:05:26Z |
Which LEGO Wonder Woman is best?
Wonder Woman is an iconic superhero from DC Comics. She took the comic world by storm in the 1940s. Nowadays, Wonder Woman has made it to the big screen in her own feature films. Part god, part Amazon and part Olympian, Wonder Woman has superhuman strength and upstanding moral principles.
Along with her popularity in film and comics, she is now featured in a line of LEGO toys. The best one is the Wonder Woman Warrior Battle which features Wonder Woman, Steve Trevor and Ares minifigures along with a complete fighter plane.
What to know before you buy a LEGO Wonder Woman
Suit
Most superheroes were created decades ago with the start of the initial wave of comic books in the 1940s. Since then, many superheroes, including Wonder Woman, have gone through transformations. Wonder Woman’s suit started off with a pair of culottes that were a sort of skirt and shorts hybrid, along with a red top featuring a golden eagle. Today, she can be seen in her traditional Amazonian armor. The colors are more maroon and navy blue than her original costume’s bright colors of the American flag.
Abilities
Wonder Woman has an all around impressive set of skills and abilities. She’s technically a god, so she possesses superhuman strength, invulnerability and the ability to quickly heal. She’s also trained in martial arts, fighting and athletics. It’s said she can lift 50,000-pounds over her head without breaking a sweat. As the character has progressed over the years, she’s gained new abilities that include immortality and superhuman speed. The speed ability in particular comes into play during her latest movies, which show Wonder Woman seemingly moving faster than time itself.
LEGO varieties
LEGO has a wide variety of toys that are included in their DC Super Heroes collection. Wonder Woman is available in both single figures and battle scenes. The minifigures are a popular choice because they are easily insertable into a larger scene with other DC Comics characters. The buildable battle scenes are very appealing to both collectors and those that like to actually play with their LEGOs. These sets include multiple characters from Wonder Woman lore as well as other objects, vehicles and structures.
What to look for in a quality LEGO Wonder Woman
Ares
Ares is the God of War and the primary enemy of Wonder Woman. Since Wonder Woman’s backstory ties into Greek mythology, Ares plays a major role in her story. Zeus, the father of all gods, created the Amazonians as a way to keep his son Ares in check. Wonder Woman has taken it upon herself as an Amazon to ensure that Ares can’t abuse his power. Believe it or not, Ares is actually the half-brother of Wonder Woman. As the main villain, Ares is a good addition to any Wonder Woman set.
Steve Trevor
Steve Trevor is another recurring character in Wonder Woman’s stories as her love interest and fighting partner. Although not a superhero himself, he is a highly trained military officer, spy and pilot. This character can be found in minifigure form alongside Wonder Woman in the Warrior Battle set. His plane is also featured, which comes complete with shooting missiles and a spinning propeller.
Weapons
Alongside Wonder Woman’s impressive superhuman abilities come a few choice weapons that enhance her skills. The Bracelets of Submission and the Lasso of Hestia have both become iconic additions to her crime fighting kit. The bracelets are long cuffs that cover Wonder Woman’s wrists and forearms. They’re completely indestructible and can therefore block bullets and smash through almost any object. The lasso is equally as powerful, stretches 20 feet long and gives her the ability to both defend against and attack her enemies. The LEGO Wonder Woman minifigure comes with both the detachable lasso and the bracelets.
How much you can expect to spend on LEGO Wonder Woman
LEGO Wonder Woman toys cost between $20–$60.
LEGO Wonder Woman FAQ
How many LEGO Wonder Woman toys are there?
A. LEGO released nearly a dozen Wonder Woman toys in different varieties. These include full battle scenes, minifigures and even a limited edition BrickHeadz figure.
Does LEGO still produce Wonder Woman toys?
A. Most LEGO products are only produced for a limited time, including Wonder Woman’s collection. While you can still find certain figures and playsets on Amazon and the LEGO website, some supplies are sold out and others are becoming limited.
What’s the best LEGO Wonder Woman to buy?
Top LEGO Wonder Woman
LEGO Wonder Woman Warrior Battle
What you need to know: This fully decked out LEGO set includes everything you need to create a Wonder Woman Warrior Battle of your own.
What you’ll love: There are 286 pieces in total, all adding up to create an epic scene with Wonder Woman and her foe Ares. Both Wonder Woman and her battle partner Steve Trevor are minifigures while Ares stands taller at over 5-inches. There’s also a large LEGO plane with flick missiles and a spinning propeller.
What you should consider: This playset is designed for children ages 6 to 12 years old.
Where to buy: Sold by Amazon
Top LEGO Wonder Woman for the money
What you need to know: If you’re looking for a well made Wonder Woman miniature LEGO figure to add to your collection, look no further.
What you’ll love: This figure stands 2-inches tall and is painted with Wonder Woman’s signature red, blue and gold superhero suit. She also wears her gold headband with a red star at the center. The biggest draw of this minifigure is that it comes with her gold lasso rope that fits in her hand.
What you should consider: This minifigure only has a few points of articulation.
Where to buy: Sold by Amazon
Worth checking out
LEGO Wonder Woman Keychain Light
What you need to know: Take Wonder Woman everywhere you go with this cool yet practical keychain with a built-in light.
What you’ll love: The LED light comes out of the superheroes feet so she can hang from your keys and easily light up your surroundings when you need it. There are two lights total, one in each foot. The ON button is discreetly located in the center of her chest. Also, a chain and key ring does come with the figure.
What you should consider: This minifigure is slightly taller than others at 2.75-inches.
Where to buy: Sold by Amazon
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/toys-games-br/building-sets-blocks-br/best-lego-wonder-woman/ | 2022-05-28T13:11:18Z |
GUELPH, ON, July 28, 2022 /PRNewswire/ -- Canadian Solar Inc. ("the Company", "Canadian Solar") (NASDAQ: CSIQ) today announced that it will hold a conference call on Thursday, August 18, 2022 at 8:00 a.m. U.S. Eastern Daylight Time (8:00 p.m., August 18, 2022 in Hong Kong) to discuss the Company's second quarter 2022 results and business outlook.
The dial-in phone number for the live audio call is +1-877-704-4453 (toll-free from the U.S.), 800-965-561 (toll-free from Hong Kong), 400-1202-840 (local dial-in from Mainland China) or +1-201-389-0920 from international locations. The conference ID is 13731878. A live webcast of the conference call will also be available on the investor relations section of Canadian Solar's website at www.canadiansolar.com.
A replay of the call will be available 2 hours after the conclusion of the call until 11:00 p.m. U.S. Eastern Daylight Time on Thursday, September 1, 2022 (11:00 a.m., September 2, 2022 in Hong Kong) and can be accessed by dialing +1-844-512-2921 (toll-free from the U.S.) or +1-412-317-6671 from international locations. The replay pin number is 13731878. A webcast replay will also be available on the investor relations section of Canadian Solar's at www.canadiansolar.com.
About Canadian Solar Inc.
Canadian Solar was founded in 2001 in Canada and is one of the world's largest solar technology and renewable energy companies. It is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery storage solutions, and developer of utility-scale solar power and battery storage projects with a geographically diversified pipeline in various stages of development. Over the past 21 years, Canadian Solar has successfully delivered around 71 GW of premium-quality, solar photovoltaic modules to customers across the world. Likewise, since entering the project development business in 2010, Canadian Solar has developed, built and connected over 6.6 GWp in over 20 countries across the world. Currently, the Company has around 800 MWp of solar projects in operation, 5.3 GWp of projects under construction or in backlog (late-stage), and an additional 18.5 GWp of projects in pipeline (mid- to early-stage). Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.
Safe Harbor/Forward-Looking Statements
Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business, regulatory and economic conditions and the state of the solar and battery storage market and industry; geopolitical tensions and conflicts, including impasses, sanctions and export controls; volatility, uncertainty, delays and disruptions related to the COVID-19 pandemic; supply chain disruptions; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets, such as Japan, the U.S., China, Brazil and India; changes in effective tax rates; changes in customer order patterns; changes in product mix; changes in corporate responsibility, especially environmental, social and governance ("ESG") requirements; capacity utilization; level of competition; pricing pressure and declines in or failure to timely adjust average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; continued success in technological innovations and delivery of products with the features that customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange and inflation rate fluctuations; uncertainties related to the CSI Solar carve-out listing; litigation and other risks as described in the Company's filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 28, 2022. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.
Canadian Solar Inc. Investor Relations Contacts
Isabel Zhang
Investor Relations
Canadian Solar Inc.
investor@canadiansolar.com
David Pasquale
Global IR Partners
Tel: +1-914-337-8801
csiq@globalirpartners.com
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SOURCE Canadian Solar Inc. | https://www.kxii.com/prnewswire/2022/07/28/canadian-solar-schedules-second-quarter-2022-earnings-conference-call-august-18/ | 2022-07-28T11:26:43Z |
HAMILTON, Bermuda, May 25, 2022 /PRNewswire/ -- Höegh LNG Partners LP (NYSE: HMLP) (the "Partnership") today reported its financial results for the quarter ended March 31, 2022.
Highlights
- 100% availability of FSRUs for the first quarter of 2022
- Reported total time charter revenues of $35.3 million for the first quarter of 2022, compared to $34.8 million of time charter revenues for the first quarter of 2021
- Generated operating income of $28.5 million, net income of $20.2 million and limited partners' interest in net income of $16.3 million for the first quarter of 2022, compared to operating income of $31.7 million, net income of $23.8 million and limited partners' interest in net income of $20.0 million for the first quarter of 2021
- Operating income, net income and limited partners' interest in net income were impacted by unrealized gains on derivative instruments for the first quarter of 2022 and 2021, mainly on the Partnership's share of equity in earnings of joint ventures
- On May 13, 2022, paid a cash distribution of $0.01 per common unit with respect to the first quarter of 2022
- On May 16, 2022, paid a cash distribution of $0.546875 per 8.75% Series A cumulative redeemable preferred unit ("Series A preferred unit"), for the period commencing on February 15, 2022 to May 15, 2022
- On March 20, 2022, the Höegh Gallant commenced FSRU operations under agreements with subsidiaries of New Fortress Energy Inc. ("New Fortress") to charter the Höegh Gallant for a period of ten years (the "NFE Charter"). The charter rate under the NFE Charter is lower than under the prior charter for the Höegh Gallant (the Suspended Gallant Charter") with a subsidiary of Höegh LNG Holdings Ltd. ("Höegh LNG"). The Partnership has entered into an agreement to suspend the Suspended Gallant Charter, with effect from the commencement of the NFE Charter, and a make-whole agreement (together, the "Suspension and Make-Whole Agreements"), pursuant to which Höegh LNG's subsidiary will compensate the Partnership monthly for the difference between the charter rate earned under the NFE Charter and the charter rate earned under the Suspended Gallant Charter, with the addition of a modest increase until July 31, 2025, the original expiration date of the Suspended Gallant Charter. Afterwards, the Partnership will continue to receive the charter rate agreed with New Fortress for the remaining term of the NFE Charter. In addition, pursuant to the Suspension and Make-Whole Agreements, certain capital expenditures incurred to ready and relocate the Höegh Gallant for performance under the NFE Charter will be shared 50/50 between Höegh LNG and the Partnership, subject to a maximum obligation of the Partnership. As of May 25, 2022, Höegh LNG has paid an aggregate of $2.6 million to the Partnership pursuant to the Suspension and Make-Whole Agreements related to such capital expenditures.
- On May 25, 2022, the Partnership entered into a definitive merger agreement with Höegh LNG pursuant to which Höegh LNG will acquire, for cash, all of the outstanding publicly held common units of the Partnership, at a price of $9.25 per common unit for a total purchase price of approximately $167.6 million. The revised price represents an increase of $5.00 when compared to the offer of $4.25 per common unit made by Höegh LNG on December 3, 2021, a premium of 35.0% to the closing price of the Partnership's common units of $6.85 per unit on May 24, 2022 and a premium of 39.2% to the volume weighted average price of the Partnership's common units for the 30-trading day period ended May 24, 2022. In connection with the transaction, the Partnership's incentive distribution rights will be cancelled. The Series A preferred units will remain outstanding. In connection with the transaction, the board of directors of the Partnership (the "Board of Directors") directed the conflicts committee of the Board of Directors, comprised solely of directors unaffiliated with Höegh LNG (the "Conflicts Committee"), to consider Höegh LNG's offer. Following a period of discussion with Höegh LNG and its advisors, the Conflicts Committee approved the merger agreement and determined that the merger agreement and the transactions contemplated thereby are in the best interests of the Partnership and the holders of the Partnership's common units unaffiliated with Höegh LNG. Based on the recommendation of the Conflicts Committee, the Board of Directors unanimously approved the merger agreement and recommended that the Partnership's common unitholders approve the merger. The merger is expected to close in the second half of 2022, and is subject to approval of the merger agreement and the transactions contemplated thereby by a majority of the outstanding common units of the Partnership and certain regulatory filings and customary closing conditions. Höegh LNG owns 45.7% of the common units and has entered into a support agreement with the Partnership committing to vote its common units in favor of the merger.
Financial Results Overview
For the three months ended March 31, 2022, each of the Partnership's FSRUs have had 100% availability. The Partnership has mitigated the risk of an outbreak of COVID‑19 on board its vessels by extending time between crew rotations on the vessels and developing mitigating actions for crew rotations. Management and administrative staffs have largely transitioned to working remotely from home to address the specific COVID‑19 situation in the applicable geographic location. The Partnership has fulfilled its obligations under its time charter contracts, and did not experience any off-hire for its FSRUs for the three months ended March 31, 2022.
The Partnership reported net income of $20.2 million for the three months ended March 31, 2022, a decrease of $3.6 million from net income of $23.8 million for the three months ended March 31, 2021. Net income was impacted by unrealized gains on derivative instruments for the first quarter of 2022 and 2021, mainly included in the Partnership's share of equity in earnings of joint ventures.
Excluding all of the unrealized gains on derivative instruments, net income for the three months ended March 31, 2022 would have been $15.4 million, a decrease of $0.8 million from $16.2 million for the three months ended March 31, 2021. Excluding the impact of the unrealized gains on derivatives, the decrease is primarily due to higher administrative expenses.
Preferred unitholders' interest in net income was $3.9 million for the three months ended March 31, 2022 and 2021. Limited partners' interest in net income for the three months ended March 31, 2022 was $16.3 million, a decrease of $3.7 million from limited partners' interest in net income of $20.0 million for the three months ended March 31, 2021. Excluding all of the unrealized gains on derivative instruments, limited partners' interest in net income for the three months ended March 31, 2022 would have been $11.5 million, a decrease of $0.8 million from limited partners' interest in net income of $12.3 million for the three months ended March 31, 2021.
Equity in earnings of joint ventures for the three months ended March 31, 2022 was $8.6 million, a decrease of $2.4 million from equity in earnings of joint ventures of $11.0 million for the three months ended March 31, 2021. The joint ventures own the Neptune and the Cape Ann. Unrealized gains on derivative instruments in the Partnership's joint ventures impacted the equity in earnings of joint ventures for the three months ended March 31, 2022 and 2021. The joint ventures have previously not applied hedge accounting for interest rate swaps, and all changes in fair value have been included in equity in earnings (losses) of joint ventures. After the refinancing of the New Neptune Facility on November 30, 2021, hedge accounting is applied for the Neptune. Excluding the unrealized gains on derivative instruments for the three months ended March 31, 2022 and 2021, the equity in earnings of joint ventures would have been $3.8 million for the three months ended March 31, 2022, an increase of $0.4 million from $3.4 million for the three months ended March 31, 2021. Excluding the unrealized gains on derivative instruments for the three months ended March 31, 2022 and 2021, the increase was mainly due to higher time charter revenue partially offset by higher operating expenses and financial expenses for the three months ended March 31, 2022, compared to those for the three months ended March 31, 2021. The Partnership's share of its joint ventures' operating income was $5.9 million for the three months ended March 31, 2022 compared to $6.1 million for the three months ended March 31, 2021.
Operating income for the three months ended March 31, 2022 was $28.5 million, a decrease of $3.2 million from operating income of $31.7 million for the three months ended March 31, 2021. Excluding the impact of the unrealized gains on derivatives impacting the equity in earnings of joint ventures for the three months ended March 31, 2022 and 2021, operating income for the three months ended March 31, 2022 would have been $23.6 million, a decrease of $0.5 million from $24.1 million for the three months ended March 31, 2021.
Segment EBITDA1 for the three months ended March 31, 2022 was $33.4 million, a decrease of $1.1 million from $34.5 million for the three months ended March 31, 2021.
Total operating expenses for the three months ended March 31, 2022 were $15.5 million, an increase of $1.4 million from $14.1 million for the three months ended March 31, 2021. The increase is principally due to higher administrative expenses for the three months ended March 31, 2022, compared with the three months ended March 31, 2021.
The increase in administrative expenses is mainly related to additional cost from external consultancy fees and audit fees.
Total financial expense, net for the three months ended March 31, 2022 was $5.5 million, a decrease of $0.7 million from $6.2 million for the three months ended March 31, 2021. Interest expense decreased by $0.5 million for the three months ended March 31, 2022 compared with the three months ended March 31, 2021. Interest expense consists of the interest incurred, amortization and gain (loss) on cash flow hedges, commitment fees and amortization of debt issuance costs for the period. The decrease of $0.5 million in interest expense in the first quarter of 2022 compared to the first quarter of 2021 was principally due to repayment of outstanding loan balances for the facility financing the PGN FSRU Lampung ("Lampung facility") and the commercial and export tranche of the $385 million facility financing the Höegh Gallant and the Höegh Grace (the "$385 million facility"). Other items decreased by $0.1 million for the three months ended March 31, 2022 compared to the three months ended March 31, 2021, due to foreign exchange gain/losses.
Segment Information
The Partnership has two operating segments. The segment profit measure is Segment EBITDA, which is defined as earnings before interest, taxes, depreciation, amortization, impairment, and other financial items (gain (loss) on debt extinguishment, gain (loss) on derivative instruments and other items, net). The two segments are "Majority held FSRUs" and "Joint venture FSRUs." In addition, unallocated corporate costs, interest income from advances to joint ventures, and interest expense related to the outstanding balances on the $85 million revolving credit facility and the $385 million facility are included in "Other". For additional information on the segments, including a reconciliation of Segment EBITDA to operating income and net income for each segment, refer to the description and the tables included in "Unaudited Segment Information for the Quarters Ended March 31, 2022 and 2021" below.
Segment EBITDA for Majority held FSRUs for the three months ended March 31, 2022 was $28.1 million, an increase of $0.3 million from $27.8 million for the three months ended March 31, 2021. The increase is mainly due to increased revenue from time charters offset by an increase in administrative expenses.
Segment EBITDA for the Joint venture FSRUs for the three months ended March 31, 2022 was $8.4 million, a decrease of $0.2 million from $8.6 million for the three months ended March 31, 2021.
For Other, Segment EBITDA consists of administrative expenses. Administrative expenses for the three months ended March 31, 2022 were $3.2 million, an increase of $1.3 million from $1.9 million for the three months ended March 31, 2021. This is driven by increased external consultancy fees and audit fees.
Financing and Liquidity
As of March 31, 2022, the Partnership had cash and cash equivalents of $39.7 million. Current restricted cash for operating obligations of the PGN FSRU Lampung was $5.6 million, and long-term restricted cash required under the long-term debt facility for the Lampung facility was $11.0 million as of March 31, 2022. As of May 25, 2022, the Partnership has fully drawn on the $63 million revolving credit tranche of the $385 million facility and has an undrawn balance of $60.5 million on the $85 million revolving credit facility from Höegh LNG. However, the Partnership has received notice from Höegh LNG that it will not extend the $85 million revolving credit facility when it matures on January 1, 2023, and that it will have very limited capacity to extend any additional advances to the Partnership thereunder beyond what is currently drawn under such facility. As of March 31, 2022, the outstanding balance of $24.5 million on the $85 million revolving credit facility from Höegh LNG is classified as a current liability. Further drawdowns on the $85 million revolving credit facility may be subject to Höegh LNG's consent because of the notice of arbitration received from the charterer of the PGN FSRU Lampung, as described below.
As of March 31, 2022, the Partnership has no material commitments for capital expenditures. However, a scheduled drydocking for the Neptune is expected to be completed in August 2022. As of March 31, 2022, expenditures of approximately $1.1 million have been included within prepaid expenses and other receivables for the joint ventures in connection with purchases of long lead items for the drydocking. The joint ventures have received approximately $2.4 million from their owners to finance certain expenditures which are not reimbursable by the charterer, of which the Partnership has paid approximately $1.2 million as principal on advances to joint ventures.
During the first quarter of 2022, the Partnership made quarterly repayments of $7.9 million on the Lampung facility and $6.4 million on the $385 million facility. The repayment $7.9 million on the Lampung facility includes ordinary installments of $4.5 million and additional installments of $3.4 million due to the cash sweep mechanism in the Lampung facility. Until the pending arbitration with the charterer of PGN FSRU Lampung has been terminated, cancelled or favorably resolved, no shareholder loans may be serviced and no dividends may be paid to the Partnership by the subsidiary borrowing under the Lampung facility, PT Hoegh LNG Lampung ("PT HLNG"). Furthermore, each quarter, 50% of the PGN FSRU Lampung's generated cash flow after debt service must be applied to pre-pay outstanding loan amounts under the Lampung facility, applied pro rata across the commercial and export credit tranches. The remaining 50% will be retained by PT HLNG and pledged in favour of the lenders until the pending arbitration with the charterer of the PGN FSRU Lampung has been terminated, cancelled or favorably resolved. As a consequence, no cash flow from the PGN FSRU Lampung will be available for the Partnership until the pending arbitration has been terminated, cancelled or favorably resolved. This limitation does not prohibit the Partnership from paying distributions to preferred and common unitholders.
The Partnership's book value and outstanding principal of total long-term debt were $396.8 million and $402.0 million respectively, as of March 31, 2022, including the Lampung facility, the $385 million facility and the $85 million revolving credit facility.
On July 27, 2021, the Partnership's board of directors announced a reduction in the quarterly cash distribution on its common units to $0.01 per common unit, down from a distribution of $0.44 per common unit in the first quarter of 2021, commencing with the distribution for the second quarter of 2021 and continuing in the third and first quarters of 2021 and the first quarter of 2022. The Partnership intends to use its internally generated cash flow to reduce debt levels and strengthen its balance sheet.
As of March 31, 2022, the Partnership's total current liabilities exceeded total current assets by $22.8 million. This is partly a result of the current portion of long-term debt of $43.7 million being classified as current while restricted cash of $11.0 million associated with the Lampung facility is classified as long-term. The current portion of long-term debt reflects principal payments for the next twelve months. Additionally, because the $85 million revolving credit facility from Höegh LNG matures on January 1, 2023, the outstanding balance thereunder of $24.5 million is classified as a current liability.
The current liabilities are expected to be funded, for the most part, by future cash flows from operations. The Partnership does not intend to maintain a cash balance to fund the next twelve months' net liabilities. The Partnership believes its cash flows from operations, including distributions to it from Höegh LNG Cyprus Limited, and Höegh LNG FSRU IV Ltd as payment of intercompany interest and/or intercompany debt or dividends and payments under the Suspension and Make-Whole Agreements, will be sufficient to meet its debt amortization and working capital needs and maintain cash reserves against fluctuations in operating cash flows and pay distributions to its unitholders at its current level of distributions, for the next twelve months assuming the closing of the refinancing of the Cape Ann facility on a timely basis and continuing compliance with covenants under its credit facilities and assuming that the Partnership's vessels remain fully operational and that revenues are generated as per existing contractual terms.
On December 15, 2021, SRV Joint Gas Two Ltd, the owner of the Cape Ann, signed a new loan agreement to refinance the existing Cape Ann debt facility that matures on June 1, 2022. The new loan facility is for an amount of $154.1 million. Subject to customary closing conditions, the closing and the drawdown under the new facility is expected to occur on or about the maturity date of the existing facility. The terms and conditions for the new Cape Ann Facility are largely identical to the Neptune facility that was refinanced on November 30, 2021.
As of March 31, 2022, the Partnership had outstanding interest rate swap agreements for a total notional amount of $264.4 million to hedge against the floating interest rate risks of its long-term debt under the Lampung facility and the $385 million facility. The Partnership applies hedge accounting for derivative instruments related to these facilities. The Partnership receives interest based on three-month US dollar LIBOR and pays a fixed rate of 2.8% for the Lampung facility. The Partnership receives interest based on the three-month US dollar LIBOR and pays a fixed rate ranging from 2.650% to 2.941% for the $385 million facility.
The Partnership's share of the joint ventures is accounted for using the equity method. As a result, the Partnership's share of the joint ventures' cash, restricted cash, outstanding debt, interest rate swaps and other balance sheet items are reflected net on the lines "accumulated earnings in joint ventures" and "accumulated losses in joint ventures" on the consolidated balance sheet and are not included in the balance sheet figures disclosed above.
In February 2022, the Partnership paid a cash distribution of $0.3 million, or $0.01 per common unit, with respect to the fourth quarter of 2021.
In February 2022, the Partnership paid a cash distribution of $3.9 million, or $0.546875 per Series A preferred unit, for the period commencing on November 15, 2021 to February 14, 2022.
On May 13, 2022, the Partnership paid a cash distribution of $0.3 million, or $0.01 per common unit, with respect to the first quarter of 2022.
On May 16, 2022, the Partnership paid a cash distribution of $3.9 million, or $0.546875 per Series A preferred unit, for the period commencing on February 15, 2022 to May 15, 2022.
For the period from January 1, 2022 to May 25, 2022, no Series A preferred units or common units were sold under the Partnership's ATM program.
Outlook
The Partnership believes its primary risk and exposure related to uncertainty of cash flows from its long-term time charter contracts is due to the credit risk and counterparty risk associated with the individual charterers. Payments are due under time charter contracts regardless of the demand for the charterer's gas output or the utilization of the FSRU. It is therefore possible that charterers may not make payments for time charter services in times of reduced demand. While there is a pending arbitration as further discussed below, as of May 25, 2022, the Partnership has not experienced any reduced or non-payments for obligations under the Partnership's time charter contracts. In addition, the Partnership has not provided concessions or made changes to the terms of payment for its customers.
Höegh LNG has indemnified the Partnership for the joint ventures' boil-off settlement, entered into the Suspension and Make-Whole Agreements and provided the Partnership the $85 million revolving credit facility. However, in July 2021, the Partnership received notice from Höegh LNG that the revolving credit line of $85 million will not be extended when it matures on January 1, 2023, and that Höegh LNG will have very limited capacity to extend any additional advances to the Partnership beyond what is currently drawn under such facility. Also, further drawdowns on the $85 million revolving credit facility may be subject to Höegh LNG's consent because of the NOA received from the charterer of PGN FSRU Lampung. With these changes, the Partnership's liquidity and financial flexibility has been reduced. If Höegh LNG is unable to meet its obligations to us under the Suspension and Make-Whole Agreements or meet funding requests or indemnification obligations, our financial condition, results of operations and ability to make cash distributions to unitholders could be materially adversely affected.
Höegh LNG's ability to make payments to the Partnership under the Suspension and Make-Whole Agreements and any funding requests under the $85 million revolving credit facility and any claims for indemnification may be affected by events beyond the control of Höegh LNG or the Partnership, including prevailing economic, financial and industry conditions. If market or other economic conditions deteriorate, Höegh LNG's ability to meet its obligations to the Partnership may be impaired.
If financial institutions providing the Partnership's interest rate swaps are unable to meet their obligations, the Partnership could experience a higher interest expense or be unable to obtain funding. Furthermore, if the Partnership's charterers or lenders are unable to meet their obligations under their respective contracts or if the Partnership is unable to fulfill its obligations under time charters, its financial condition, results of operations and ability to make cash distributions to unitholders could be materially adversely affected.
As previously reported, by letter dated July 13, 2021, the charterer under the lease and maintenance agreement for the PGN FSRU Lampung ("LOM") raised certain issues with PT HLNG in relation to the operations of the PGN FSRU Lampung and the LOM and by further letter dated July 27, 2021, stated that it would commence arbitration against PT HLNG. On August 2, 2021 the charterer served a notice of arbitration ("NOA") to declare the LOM null and void, and/or to terminate the LOM, and/or seek damages. PT HLNG has served a reply refuting the claims as baseless and without legal merit and has also served a counterclaim against the charterer for multiple breaches of the LOM and a claim against the parent company of the charterer for the fulfilment of the charterer's obligations under the LOM as stated in a guarantee provided by the parent company, with a claim for damages. PT HLNG will take all necessary steps and will vigorously defend against the charterer's claims in the legal process.
No assurance can be given at this time as to the outcome of the dispute with the charterer of the PGN FSRU Lampung. Notwithstanding the NOA, both parties have continued to perform their respective obligations under the LOM. In the event the outcome of the dispute is unfavorable to the Partnership, it could have a material adverse impact on its business, financial condition, results of operations and ability to make distributions to unitholders.
On September 23, 2021, the Partnership entered into the NFE Charter with subsidiaries of New Fortress to charter the Höegh Gallant primarily for FSRU operations for a period of ten years. From November 26, 2021 until FSRU operations commenced on March 20, 2022, New Fortress chartered the vessel for LNG carrier operations. The Partnership has also entered into the Suspension and Make-Whole Agreements to suspend the prior charter for the Höegh Gallant with a subsidiary of Höegh LNG, with effect from the commencement of the NFE Charter. The charter rate under the NFE Charter is lower than under the Suspended Gallant Charter. However, under the Suspension and Make-Whole Agreements, Höegh LNG's subsidiary will compensate the Partnership monthly for the difference between the charter rate earned under the NFE Charter and the charter rate earned under the Suspended Gallant Charter with the addition of a modest increase until July 31, 2025, the original expiration date of the Suspended Gallant Charter. Afterwards, the Partnership will continue to receive the charter rate agreed with New Fortress for the remaining term of the NFE Charter. In addition, pursuant to the Suspension and Make-Whole Agreements, certain capital expenditures incurred to ready and relocate the Höegh Gallant for performance under the NFE Charter will be shared 50/50 between Höegh LNG and the Partnership, subject to a maximum obligation of the Partnership. As of May 25, 2022, Höegh LNG has paid an aggregate of $2.6 million to the Partnership pursuant to the Suspension and Make-Whole Agreements related to such capital expenditures.
From the commencement of the prior ATM program in January 2018 through May 25, 2022, the Partnership has sold 2,489,325 Series A preferred units and 358,869 common units under its ATM programs and received net proceeds of $63.2 million and $6.4 million, respectively. The compensation paid to the Agent for such sales was $1.3 million. In current market conditions with lower unit prices, sales under the new ATM program are a less viable and more expensive option for accessing liquidity.
The outbreak of COVID‑19 has negatively affected economic conditions in many parts of the world which may impact the Partnership's operations and the operations of its customers and suppliers. Although the Partnership's operations have not been materially affected by the COVID-19 outbreak to date, the ultimate length and severity of the COVID‑19 outbreak and its potential impact on the Partnership's operations and financial condition is uncertain at this time. Furthermore, should there be an outbreak of COVID‑19 on board one of the Partnership's FSRUs or an inability to replace critical supplies or replacement parts due to disruptions to third-party suppliers, adequate crewing or supplies may not be available to fulfill the Partnership's obligations under its time charter contracts. This could result in off-hire or warranty payments under performance guarantees which would reduce revenues for the impacted period. To date, the Partnership has extended the time between crew rotations on the vessels and developed other mitigating actions to reduce the risk of a COVID-19 outbreak. As a result, the Partnership expects that it will incur somewhat higher crewing expenses. To date, the Partnership has not had material service interruptions on the Partnership's vessels. Management and administrative staffs have largely transitioned to working remotely from home to address the specific COVID‑19 situation in the applicable geographic location. The Partnership has supported staffs by supplying needed internet boosters and office equipment to facilitate an effective work environment.
In February 2022, the Russian attack on Ukraine started. It may lead to further regional and international conflicts or armed action. It is possible that such conflict could disrupt supply chains and cause instability in the global economy. Additionally, the ongoing conflict could result in the imposition of further economic sanctions by the United States and the European Union against Russia. While much uncertainty remains regarding the global impact of the invasion, it is possible that such tensions could adversely affect the Partnership's business, financial condition, results of operation and cash flows. Furthermore, it is possible that third parties with whom the Partnership has charter contracts may be impacted by events in Russia and Ukraine, which could adversely affect its operations. The invasion has among other things, led to a significantly increased attention to security of energy supply in Europe. Several European countries are looking to reduce their reliance on pipeline gas from Russia, and are planning to increase the import capacity for LNG through the application of FSRUs and/or landbased import facilities in combination with increased use of renewable energy sources in the energy mix. Over time, this could accelerate the energy transition to renewable energy.
On April 1, 2022, the Partnership's Colombian subsidiary received a notification from the Tax Administration of Cartagena assessing a penalty of approximately $1.8 million for failure to file the 2016 to 2018 Municipal Industry and Commerce Tax ("ICT") returns. ICT is imposed on gross receipts on customer invoices and is similar to a sales tax. The municipal tax authorities have alleged that the customer invoices are for industrial activities performed within the municipal jurisdiction. However, all of the Colombian subsidiary's activities take place offshore which is outside of the Municipality's borders. According to Colombian law, municipalities do not have jurisdiction over maritime waters or low-tide areas. Management intends to deny the allegations and file an appeal to vigorously defend the Colombian subsidiary's position. Accruals for loss contingencies are recorded when it is probable that a liability has been incurred and the amount of loss can be reasonably estimated. Management, with advice of its outside legal advisors, has assessed the status of this matter and has concluded that an adverse judgment after concluding an appeals process is not probable. As a result, no provision has been made in the consolidated financial statements. Management estimates the range of possible loss for 2016-2021, including accrued interest, to be approximately $1.3 million to $2.9 million as of March 31, 2022 plus additional accrued interest thereon until final disposition of the ICT allegation.
On October 27, 2021, a federal securities class action lawsuit was filed against the Partnership and certain of its current and former officers in the United States District Court for the District of New Jersey. The name of the case is In re Höegh LNG Partners LP Securities Litigation, Case No. 2:21-cv-19374-KM-JBC. The complaint alleges that the Partnership made materially false and misleading statements about its business and operations, and seeks unspecified damages, attorneys' fees and any other relief the court deems proper. On March 11, 2022, the Court appointed lead plaintiffs and lead counsel for the class, and the Court has issued a schedule for the filing of a consolidated amended complaint and briefing on defendants' anticipated motion to dismiss. On May 16, 2022, the court-appointed lead plaintiffs filed a notice of voluntary dismissal, and the Court ordered the dismissal on May 17, 2022. The Partnership believes the allegations in this suit were without merit.
Presentation of First Quarter 2022 Results
A presentation will be held today, Wednesday, May 25, 2022, at 8:30 A.M. (EST) to discuss financial results for the first quarter of 2021. The results and presentation material will be available for download at http://www.hoeghlngpartners.com.
The presentation will be immediately followed by a Q&A session. Participants will be able to join this presentation using the following details:
a. Webcast
b. Teleconference
Participants should ask to be joined into the Höegh LNG Partners LP call.
There will be a Q&A session after the presentation. Information on how to ask questions will be given at the beginning of the Q&A session.
For those unable to participate in the conference call, a replay will be available from one hour after the end of the conference call until June 1, 2022.
The replay dial-in numbers are as follows:
FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements concerning future events and the Partnership's operations, performance and financial condition. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain the words "believe," "anticipate," "expect," "estimate," "future," "project," "will be," "will continue," "will likely result," "plan," "intend" or words or phrases of similar meanings. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the Partnership's control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially include, but are not limited to:
- the effects of outbreaks of pandemic or contagious diseases, including the length and severity of the recent worldwide outbreak of COVID‑19, including its impact on the Partnership's business liquidity, cash flows and operations as well as operations of our customers, suppliers and lenders;
- market conditions and trends for floating storage and regasification units ("FSRUs") and liquefied natural gas ("LNG") carriers, including hire rates, vessel valuations, technological advancements, market preferences and factors affecting supply and demand of LNG, LNG carriers, and FSRUs;
- the Partnership's distribution policy and ability to make cash distributions on its units or any changes in the quarterly distributions on its common units;
- restrictions in the Partnership's debt agreements and pursuant to local laws on the Partnership's joint ventures' and subsidiaries' ability to make distributions;
- the ability of Höegh LNG to meet its financial obligations to the Partnership pursuant to the Suspension and Make-Whole Agreements, the Suspended Gallant Charter, any funding requests under the $85 million revolving credit facility and its guarantee and indemnification obligations;
- the change in the ability of Höegh LNG to compete with the Partnership as a result of its completion of the Amalgamation;
- the Partnership's ability to compete successfully for future chartering and newbuilding opportunities;
- the consummation of the proposed merger transaction with Höegh LNG and the realization of any benefits therefrom;
- demand in the FSRU sector or the LNG shipping sector, including demand for the Partnership's vessels;
- the Partnership's ability to purchase additional vessels from Höegh LNG in the future;
- the Partnership's ability to integrate and realize the anticipated benefits from acquisitions;
- the Partnership's anticipated growth strategies, including the acquisition of vessels;
- the Partnership's anticipated receipt of dividends and repayment of indebtedness from subsidiaries and joint ventures;
- effects of volatility in global prices for crude oil and natural gas;
- the effect of the worldwide economic environment;
- turmoil in the global financial markets;
- fluctuations in currencies and interest rates;
- general market conditions, including fluctuations in hire rates and vessel values;
- changes in the Partnership's operating expenses, including drydocking, on-water class surveys, insurance costs and bunker costs;
- the Partnership's ability to comply with financing agreements and the expected effect of restrictions and covenants in such agreements;
- the financial condition, liquidity and creditworthiness of the Partnership's existing or future customers and their ability to satisfy their obligations under the Partnership's contracts;
- the Partnership's ability to replace existing borrowings, make additional borrowings and to access public equity and debt capital markets;
- the ability of the Partnership's joint venture to close the new Cape Ann facility;
- planned capital expenditures and availability of capital resources to fund capital expenditures;
- the exercise of purchase options by the Partnership's customers;
- the Partnership's ability to perform under its contracts and maintain long-term relationships with its customers;
- the Partnership's ability to leverage Höegh LNG's relationships and reputation in the shipping industry;
- the Partnership's continued ability to enter into long-term, fixed-rate charters and the hire rate thereof;
- the operating performance of the Partnership's vessels and any related claims by TotalEnergies SE, PGN LNG or other customers;
- the Partnership's ability to maximize the use of its vessels, including the redeployment or disposition of vessels no longer under long-term charters;
- the results of the arbitration with the charterer of PGN FSRU Lampung;
- timely acceptance of the Partnership's vessels by their charterers;
- termination dates and extensions of charters;
- the impact of the Russian invasion of Ukraine;
- the Partnership's ability to successfully remediate the material weakness in our internal control over financial reporting and our disclosure controls and procedures;
- the cost of, and the Partnership's ability to comply with, governmental regulations and maritime self-regulatory organization standards, as well as standard regulations imposed by its charterers applicable to its business;
- economic substance laws and regulations adopted or considered by various jurisdictions of formation or incorporation of the Partnership and certain of its subsidiaries;
- availability and cost of skilled labor, vessel crews and management, including possible disruptions, including but not limited to the supply chain of spare parts and service engineers, caused by the COVID‑19 outbreak;
- the number of offhire days and drydocking requirements, including the Partnership's ability to complete scheduled drydocking on time and within budget;
- the Partnership's general and administrative expenses as a publicly traded limited partnership and fees and expenses payable under the Partnership's ship management agreements, the technical information and services agreement and the administrative services agreement;
- the anticipated taxation of the Partnership, its subsidiaries and affiliates and distributions to unitholders;
- estimated future maintenance and replacement capital expenditures;
- the Partnership's ability to hire or retain key employees;
- customers' increasing emphasis on environmental and safety concerns;
- potential liability from any pending or future litigation;
- risks inherent in the operation of the Partnership's vessels including potential disruption due to accidents, political events, piracy or acts by terrorists;
- future sales of the Partnership's common units, Series A preferred units and other securities in the public market;
- the Partnership's business strategy and other plans and objectives for future operations;
- the Partnership's ability to maintain effective internal control over financial reporting and effective disclosure controls and procedures; and
- other factors listed from time to time in the reports and other documents that the Partnership files with the SEC, including the Partnership's Annual Report on Form 20‑F for the year ended December 31, 2021 and subsequent quarterly reports on Form 6‑K.
All forward-looking statements included in this press release are made only as of the date of this release. New factors emerge from time to time, and it is not possible for the Partnership to predict all of these factors. Further, the Partnership cannot assess the impact of each such factor on its business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward-looking statement. The Partnership does not intend to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in its expectations with respect thereto or any change in events, conditions or circumstances on which any such statement is based.
HÖEGH LNG PARTNERS LP
UNAUDITED SEGMENT INFORMATION FOR THE QUARTERS ENDED MARCH 31, 2022 AND 2021
(in thousands of U.S. dollars)
Segment information
There are two operating segments. The segment profit measure is Segment EBITDA, which is defined as earnings before interest, taxes, depreciation, amortization, impairment and other financial items (gain (loss) on debt extinguishment, gain (loss) on derivative instruments and other items, net). Segment EBITDA is reconciled to operating income and net income in the segment presentation below. The two segments are "Majority held FSRUs" and "Joint venture FSRUs." In addition, unallocated corporate costs, interest income from advances to joint ventures and interest expense related to the outstanding balances on the $85 million revolving credit facility and the $385 million facility are included in "Other."
For the three months ended March 31, 2022 and 2021, Majority held FSRUs includes the financing lease related to the PGN FSRU Lampung and the operating leases related to the Höegh Gallant and the Höegh Grace.
For the three months ended March 31, 2022 and 2021, Joint Venture FSRUs include two 50% owned FSRUs, the Neptune and the Cape Ann, that operate under long-term time charters with one charterer.
The accounting policies applied to the segments are the same as those applied in the consolidated financial statements, except that i) Joint venture FSRUs is presented under the proportional consolidation method for the segment note to the Partnership's financial statements and in the tables below, and under equity accounting for the consolidated financial statements and ii) internal interest income and interest expense between the Partnership's subsidiaries that eliminate in consolidation are not included in the segment columns for the other financial income (expense), net line. Under the proportional consolidation method, 50% of the Joint venture FSRUs' revenues, expenses and assets are reflected in the segment note. Management monitors the results of operations of joint ventures under the proportional consolidation method and not the equity method of accounting.
Appendix A: Segment EBITDA
Non-GAAP Financial Measures
Segment EBITDA. EBITDA is defined as earnings before interest, taxes, depreciation and amortization. Segment EBITDA is defined as earnings before interest, taxes depreciation, amortization, impairment and other financial items. Other financial items consist of gain (loss) on debt extinguishment, gain (loss) on derivative instruments and other items, net (including foreign exchange gains and losses and withholding tax on interest expenses). Segment EBITDA is used as a supplemental financial measure by management and external users of financial statements, such as the Partnership's lenders, to assess its financial and operating performance. The Partnership believes that Segment EBITDA assists its management and investors by increasing the comparability of its performance from period to period and against the performance of other companies in the industry that provide Segment EBITDA information. This increased comparability is achieved by excluding the potentially disparate effects between periods or companies of interest, depreciation, amortization, impairment, taxes, and other financial items, which items are affected by various and possibly changing financing methods, capital structure and historical cost basis and which items may significantly affect net income between periods. The Partnership believes that including Segment EBITDA as a financial and operating measure benefits investors in (a) selecting between investing in it and other investment alternatives and (b) monitoring its ongoing financial and operational strength in assessing whether to continue to hold common units or preferred units. Segment EBITDA is a non-GAAP financial measure and should not be considered an alternative to net income, operating income or any other measure of financial performance presented in accordance with U.S. GAAP. Segment EBITDA excludes some, but not all, items that affect net income, and these measures may vary among other companies. Therefore, Segment EBITDA as presented below may not be comparable to similarly titled measures of other companies. The following tables reconcile Segment EBITDA for each of the segments and the Partnership as a whole to net income (loss), the comparable U.S. GAAP financial measure, for the periods presented:
Media contact:
The IGB Group, Bryan Degnan, +1 (646) 673‑9701 / Leon Berman, +1 (212) 477‑8438
www.hoeghlngpartners.com
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SOURCE Hoegh LNG Partners LP | https://www.mysuncoast.com/prnewswire/2022/05/25/hegh-lng-partners-lp-reports-financial-results-quarter-ended-march-31-2022/ | 2022-05-25T13:09:48Z |
MARLBOROUGH, Mass., July 27, 2022 /PRNewswire/ -- Boston Scientific Corporation (NYSE: BSX) generated net sales of $3.244 billion during the second quarter of 2022, growing 5.4 percent on a reported basis, 9.6 percent on an operational1 basis and 6.6 percent on an organic2 basis, all compared to the prior year period. The company reported GAAP net income available to common stockholders of $246 million or $0.17 per share (EPS), compared to $172 million or $0.12 per share a year ago, and achieved adjusted3 EPS of $0.44 for the period, compared to $0.40 a year ago.
"We had another quarter of excellent performance, a testament to the talent of our global team, the sustainability and diversification of our innovative medical technology portfolio and our strong market positions amid continued macroeconomic challenges," said Mike Mahoney, chairman and chief executive officer, Boston Scientific. "As we continue to execute our strategy, we have a tremendous opportunity to continue to deliver on our promise to bring life-changing devices and therapies to more patients who need them."
Second quarter financial results and recent developments:
- Reported net sales of $3.244 billion, representing an increase of 5.4 percent on a reported basis, compared to the company's guidance range of 3 to 6 percent; 9.6 percent on an operational basis; and 6.6 percent on an organic basis, compared to the company's guidance range of 3 to 6 percent, all compared to the prior year period.
- Reported GAAP net income available to common stockholders of $0.17 per share, compared to the company's guidance range of $0.19 to $0.23 per share, and achieved adjusted EPS of $0.44 per share, compared to the guidance range of $0.41 to $0.43 per share.
- Achieved net sales growth in each reportable segment4, compared to the prior year period:
- Achieved the following regional net sales growth/(decline), compared to the prior year period:
- Received U.S. Food and Drug Administration (FDA) 510(k) clearance for and launched the VersaCross Connect™ LAAC Access Solution developed by Baylis Medical, featuring a shapable dilator and the radiofrequency (RF) energy technology of the VersaCross® RF Transseptal Solution, compatible with the WATCHMAN FXD Curve™ Access Sheath to provide safe and efficient access to the left side of the heart for WATCHMAN FLX implants.
- Received National Medical Products Administration approval in China for the Tria™ Firm Ureteral Stent. The Tria stent incorporates proprietary PercuShield™ technology engineered to provide protection against the accumulation of both urine calcium and magnesium salt deposits during indwell.
- Late-breaking data from 54,000 patients in the NCDR-LAAO Registry presented at Heart Rhythm 2022 demonstrated that the WATCHMAN™ FLX Left Atrial Appendage Closure (LAAC) Device was associated with a significantly lower (43% reduction) rate of in-hospital major adverse events compared with the previous-generation device driven by lower rates of pericardial effusion requiring intervention and major bleeding.
- Late-breaking registry data—including a European study presented at TVT and the latest data from the Italian ITAL-neo Registry presented at EuroPCR—supported reduced paravalvular leak (PVL) and superior performance of the ACURATE neo2™ Aortic Valve System over the previous-generation valve.
- The investigator-sponsored ATLAS trial demonstrated a highly significant 92 percent reduction in serious lead-related complications at six months for the EMBLEM™ Subcutaneous Implantable Defibrillator (S-ICD) compared to single chamber transvenous ICD devices. ATLAS is the first prospective randomized controlled trial whose primary objective was to evaluate lead-related complication rates between the S-ICD and single chamber TV-ICD devices at six months after implant.
- Completed enrollment in the ADVENT clinical trial—a prospective, multi-center, randomized safety and effectiveness pivotal study comparing the FARAPULSE™ Pulsed Field Ablation (PFA) System to standard-of-care ablation in patients with paroxysmal—or intermittent —atrial fibrillation (AF) with a primary endpoint of freedom from AF at 12 months after a single ablation procedure.
- Completed enrollment in the NEwTON AF clinical trial – a prospective, multi-center, single-arm study to establish the safety and effectiveness of the INTELLANAV STABLEPOINT™ Ablation Catheter and Force-Sensing System in patients with symptomatic, drug-refractory, recurrent paroxysmal atrial fibrillation.
- Announced agreement to purchase the majority stake of M.I.Tech Co., Ltd from Synergy Innovation Co., Ltd, subject to customary closing conditions, to broaden and complement the Boston Scientific portfolio of gastrointestinal and airway stents.
- Released 2021 Performance Report, highlighting the company's achievements in advancing environmental, social and governance (ESG) priorities to transform care, invest in employees, accelerate possibilities, protect the environment and create value responsibly.
Net sales for the second quarter by business and region:
Guidance for Full Year and Third Quarter 2022
The company now estimates net sales growth for the full year 2022, versus the prior year period, to be in a range of approximately 6.5 to 7.5 percent on a reported basis, and approximately 8 to 9 percent on an organic basis. Full year organic net sales guidance excludes the impact of foreign currency fluctuations and net sales attributable to acquisitions and divestitures for which there are less than a full period of comparable net sales. The company now estimates EPS on a GAAP basis in a range of $0.69 to $0.76 and estimates adjusted EPS, excluding certain charges (credits), of $1.74 to $1.77.
The company estimates net sales growth for the third quarter of 2022, versus the prior year period, to be in a range of approximately 6 to 8 percent on a reported basis, and approximately 8 to 10 percent on an organic basis. Third quarter organic net sales guidance excludes the impact of foreign currency fluctuations and net sales attributable to acquisitions and divestitures for which there are less than a full period of comparable net sales. The company estimates EPS on a GAAP basis in a range of $0.20 to $0.24 and adjusted EPS, excluding certain charges (credits), of $0.43 to $0.45.
Conference Call Information
Boston Scientific management will be discussing these results with analysts on a conference call today at 8:00 a.m. ET. The company will webcast the call to interested parties through its website: www.bostonscientific.com. Please see the website for details on how to access the webcast. The webcast will be available for approximately one year on the Boston Scientific website.
About Boston Scientific
Boston Scientific transforms lives through innovative medical solutions that improve the health of patients around the world. As a global medical technology leader for more than 40 years, we advance science for life by providing a broad range of high performance solutions that address unmet patient needs and reduce the cost of healthcare. For more information, visit www.bostonscientific.com and connect on Twitter and Facebook.
Cautionary Statement Regarding Forward-Looking Statements
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. Forward-looking statements may be identified by words like "anticipate," "expect," "project," "believe," "plan," "estimate," "may," "intend" and similar words. These forward-looking statements are based on our beliefs, assumptions and estimates using information available to us at the time and are not intended to be guarantees of future events or performance. These forward-looking statements include, among other things, statements regarding our expected net sales; reported, operational and organic revenue growth rates; reported and adjusted EPS for the third quarter and full year 2022; our financial performance; our business plans and product performance; and the impact of the COVID-19 pandemic on the company's results of operations. If our underlying assumptions turn out to be incorrect, or if certain risks or uncertainties materialize, actual results could vary materially from the expectations and projections expressed or implied by our forward-looking statements. These factors, in some cases, have affected and in the future (together with other factors) could affect our ability to implement our business strategy and may cause actual results to differ materially from those contemplated by the statements expressed in this press release. As a result, readers are cautioned not to place undue reliance on any of our forward-looking statements.
Risks and uncertainties that may cause such differences include, among other things: the impact of the ongoing COVID-19 pandemic on our operations and financial results; the impact of foreign currency fluctuations; future U.S. and global economic, political, competitive, reimbursement and regulatory conditions; manufacturing, distribution and supply chain disruptions and cost increases; disruptions caused by cybersecurity events; disruptions caused by extreme weather or other climate change-related events; labor shortages and increases in labor costs; new product introductions; expected procedural volumes; the closing and integration of acquisitions; demographic trends; intellectual property rights; litigation; financial market conditions; the execution and effect of our business strategy, including our cost-savings and growth initiatives; and future business decisions made by us and our competitors. New risks and uncertainties may arise from time to time and are difficult to predict, including those that have emerged or have increased in significance or likelihood as a result of the COVID-19 pandemic. All of these factors are difficult or impossible to predict accurately and many of them are beyond our control. For a further list and description of these and other important risks and uncertainties that may affect our future operations, see Part I, Item 1A - Risk Factors in our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission, which we may update in Part II, Item 1A - Risk Factors in Quarterly Reports on Form 10-Q we have filed or will file hereafter. We disclaim any intention or obligation to publicly update or revise any forward-looking statements to reflect any change in our expectations or in events, conditions, or circumstances on which those expectations may be based, or that may affect the likelihood that actual results will differ from those contained in the forward-looking statements. This cautionary statement is applicable to all forward-looking statements contained in this press release.
Note: Amounts reported in millions within this press release are computed based on the amounts in thousands. As a result, the sum of the components reported in millions may not equal the total amount reported in millions due to rounding. Certain columns and rows within tables may not add due to the use of rounded numbers. Percentages presented are calculated from the underlying numbers in dollars.
Use of Non-GAAP Financial Information
A reconciliation of the company's non-GAAP financial measures to the corresponding GAAP measures, and an explanation of the company's use of these non-GAAP financial measures, is included in the exhibits attached to this press release.
BOSTON SCIENTIFIC CORPORATION
Q3 and FY 2022 GUIDANCE RECONCILIATIONS
(Unaudited)
Net Sales
Earnings per Share
Use of Non-GAAP Financial Measures
To supplement our unaudited consolidated financial statements presented on a GAAP basis, we disclose certain non-GAAP financial measures, including adjusted net income (loss), adjusted net income (loss) available to common stockholders and adjusted net income (loss) per share (EPS) that exclude certain amounts; operational net sales, which exclude the impact of foreign currency fluctuations; and organic net sales, which exclude the impact of foreign currency fluctuations as well as the impact of certain acquisitions and divestitures with less than a full period of comparable net sales. These non-GAAP financial measures are not in accordance with generally accepted accounting principles in the United States and should not be considered in isolation from or as a replacement for the most directly comparable GAAP financial measures. Further, other companies may calculate these non-GAAP financial measures differently than we do, which may limit the usefulness of those measures for comparative purposes.
To calculate adjusted net income (loss), adjusted net income (loss) available to common stockholders and adjusted net income (loss) per share we exclude certain charges (credits) from GAAP net income (loss) and GAAP net income (loss) available to common stockholders. Amounts are presented after-tax at the company's effective tax rate, unless the amount is a significant unusual or infrequently occurring item in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 740-270-30, "General Methodology and Use of Estimated Annual Effective Tax Rate." Please refer to Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations in our most recent Annual Report filed on Form 10-K filed with the Securities and Exchange Commission or any Quarterly Report on Form 10-Q that we file thereafter for an explanation of each of these adjustments and the reasons for excluding each item.
The GAAP financial measures most directly comparable to adjusted net income (loss), adjusted net income (loss) available to common stockholders and adjusted net income (loss) per share are GAAP net income (loss), GAAP net income (loss) available to common stockholders and GAAP net income (loss) per common share - assuming dilution, respectively.
To calculate operational net sales growth rates, which exclude the impact of foreign currency fluctuations, we convert actual net sales from local currency to U.S. dollars using constant foreign currency exchange rates in the current and prior periods. To calculate organic net sales growth rates, we also remove the impact of acquisitions and divestitures with less than a full period of comparable net sales. The GAAP financial measure most directly comparable to operational net sales and organic net sales is net sales on a GAAP basis.
Reconciliations of each of these non-GAAP financial measures to the corresponding GAAP financial measure are included in the accompanying schedules.
Management uses these supplemental non-GAAP financial measures to evaluate performance period over period, to analyze the underlying trends in our business, to assess our performance relative to our competitors and to establish operational goals and forecasts that are used in allocating resources. In addition, management uses these non-GAAP financial measures to further its understanding of the performance of our operating segments. The adjustments excluded from our non-GAAP financial measures are consistent with those excluded from our operating segments' measures of net sales and profit or loss. These adjustments are excluded from the segment measures reported to our chief operating decision maker that are used to make operating decisions and assess performance.
We believe that presenting adjusted net income (loss), adjusted net income (loss) available to common stockholders, adjusted net income (loss) per share, operational net sales growth rates and organic net sales growth rates, in addition to the corresponding GAAP financial measures, provides investors greater transparency to the information used by management for its operational decision-making and allows investors to see our results "through the eyes" of management. We further believe that providing this information assists our investors in understanding our operating performance and the methodology used by management to evaluate and measure such performance.
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SOURCE Boston Scientific Corporation | https://www.wibw.com/prnewswire/2022/07/27/boston-scientific-announces-results-second-quarter-2022/ | 2022-07-27T10:58:15Z |
BEIJING, April 26, 2022 /PRNewswire/ -- New Oriental Education & Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU/ 9901.SEHK), a provider of private educational services in China, today announced its unaudited financial results for the third fiscal quarter ended February 28, 2022, which is the third quarter of New Oriental's fiscal year 2022.
Financial Highlights for the Third Fiscal Quarter Ended February 28, 2022
- Total net revenues decreased by 48.4% year-over-year to US$614.1 million for the third fiscal quarter of 2022.
- Operating loss was US$141.2 million for the third fiscal quarter of 2022, compared to an income of US$101.5 million in the same period of the prior fiscal year.
- Net loss attributable to New Oriental was US$122.4 million for the third fiscal quarter of 2022, compared to an income of US$151.3 million in the same period of the prior fiscal year.
Key Financial Results
Operating Highlights for the Third Fiscal Quarter Ended February 28, 2022
- The total number of schools and learning centers was 847 as of February 28, 2022, a decrease of 778 and 822 compared to 1,625 as of February 28, 2021 and 1,669 as of May 31, 2021, respectively. The total number of schools was 111 as of February 28, 2022.
Michael Yu, New Oriental's Executive Chairman, commented, "Although the Company is in a restructuring phase, we are pleased to see a promising trend in our remaining key businesses and a positive momentum across many of our new initiatives. In the first nine months of the current fiscal year, our remaining key business, the overseas test preparation and overseas study consulting business increased by 15% year-over-year. Our domestic test preparation business targeting adults and university students recorded a rapid growth of approximately 59% year-over-year. Simultaneously, we are actively exploring various new business opportunities, including non-academic tutoring, intelligent learning system and devices, study tour and research camp, educational materials and digitalized smart study solutions, as well as exam preparation courses designed for students with junior college diplomas to obtain bachelor's degrees. These new businesses are at their early stage but we firmly believe they present a bright future for the Company, and we are confident that by leveraging our brand recognition and educational resources accumulated over our operating history, these new businesses will start to contribute meaningful revenue from the next fiscal year."
Chenggang Zhou, New Oriental's Chief Executive Officer, added, "During the last two fiscal quarters, we have largely completed our restructuring of businesses and operations to comply with the government policies in China. The total number of schools and learning centers was reduced to 847 by end of this fiscal quarter. Looking ahead, we will continue our efforts in developing and revamping our online-merge-offline teaching platform, and keep leveraging our educational infrastructure and technology strength across our remaining key businesses and new initiatives to provide more advanced and diversified educational services to our customers of all ages. Our pure online education platform, Koolearn.com, continued to expand online educational offerings to adults and university students, and actively seek business opportunities in new areas, including livestream commerce business, institutional cooperation and new intelligent learning innovations."
Stephen Zhihui Yang, New Oriental's Executive President and Chief Financial Officer, commented, " We maintained a strong cash position throughout the whole restructuring process. By the end of this quarter, our cash and cash equivalents, term deposits and short-term investments totaled approximately US$4.4 billion. In the first half of this fiscal year, the Company incurred considerable costs due to the termination of lease agreements in relation to the closure of its learning centers and employee layoffs. We believe that the loss caused by the restructuring is temporary. We are confident in the sustainable profitability of all our remaining key businesses, as well as the growth and profit potential of our new initiatives. The Company's management team will continue to work together to seek profitable growth. Our continued commitment to high quality services and operational efficiency will generate more values to our customers, society and shareholders over the long term."
Financial Results for the Third Fiscal Quarter Ended February 28, 2022
Net Revenues
For the third fiscal quarter of 2022, New Oriental reported net revenues of US$614.1 million, representing a 48.4% decrease year-over-year. Net revenues from educational programs and services for the third fiscal quarter were US$506.4 million, representing a 54.1% decrease year-over-year. The decline was mainly due to the cessation of K-9 academic after-school tutoring services in order to comply with the government policies in China.
Operating Costs and Expenses
Operating costs and expenses for the quarter were US$755.3 million, representing a 30.6% decrease year-over-year. Non-GAAP operating costs and expenses for the quarter, which exclude share-based compensation expenses, were US$725.3 million, representing a 32.5% decrease year-over-year. The decrease was primarily due to the reduction of facilities and number of staff as a result of the restructuring in the last two fiscal quarters.
- Cost of revenues decreased by 30.9% year-over-year to US$372.7 million.
- Selling and marketing expenses decreased by 40.0% year-over-year to US$93.7 million.
- General and administrative expenses for the quarter decreased by 26.6% year-over-year to US$288.8 million. Non-GAAP general and administrative expenses, which exclude share-based compensation expenses, were US$259.6 million, representing a 32.3% decrease year-over-year.
Total share-based compensation expenses, which were allocated to related operating costs and expenses, increased by 107.8% to US$30.0 million in the third fiscal quarter of 2022. The increase is due to the grants of restricted share units of the Company to employees and directors in May 2021 with graded vesting over three years.
Operating Loss / Income and Operating Margin
Operating loss was US$141.2 million, compared to an income of US$101.5 million in the same period of the prior fiscal year. Non-GAAP loss from operations for the quarter was US$111.2 million, compared to an income of US$115.9 million in the same period of the prior fiscal year.
Operating margin for the quarter was negative 23.0%, compared to 8.5% in the same period of the prior fiscal year. Non-GAAP operating margin, which excludes share-based compensation expenses, for the quarter was negative 18.1%, compared to 9.7% in the same period of the prior fiscal year.
Net Loss / Income and Net Loss per ADS
Net loss attributable to New Oriental for the quarter was US$122.4 million, compared to an income of US$151.3 million in the same period of the prior fiscal year. Basic and diluted net loss per ADS attributable to New Oriental were US$0.72 and US$0.72, respectively.
Non-GAAP Net Loss / Income and Non-GAAP Net Loss per ADS
Non-GAAP net loss attributable to New Oriental for the quarter was US$95.5 million, compared to an income of US$163.2 million in the same period of the prior fiscal year. Non-GAAP basic and diluted net loss per ADS attributable to New Oriental were US$0.56 and US$0.56, respectively.
Cash Flow
Net operating cash outflow for the third fiscal quarter of 2022 was approximately US$235.0 million and capital expenditures for the quarter were US$37.4 million.
Balance Sheet
As of February 28, 2022, New Oriental had cash and cash equivalents of US$1,466.8 million. In addition, the Company had US$915.1 million in term deposits and US$2,028.1 million in short-term investment.
New Oriental's deferred revenue balance, which is cash collected from registered students for courses and recognized proportionally as revenue as the instructions are delivered, at the end of the third quarter of fiscal year 2022 was US$971.3 million, a decrease of 47.9% as compared to US$1,865.7 million at the end of the third quarter of fiscal year 2021. The decrease is primarily due to the cessation of K-9 academic after-school tutoring services in order to comply with the government policies in China.
Financial Results for the Nine Months Ended February 28, 2022
For the first nine months of fiscal year 2022, New Oriental reported net revenues of 2,581.2 million, representing a 15.8% decrease year-over-year.
Loss from operations for the first nine months of fiscal year 2022 was US$876.9 million, compared to an income of US$219.6 million in the same period of the prior fiscal year. Non-GAAP loss from operations for the first nine months of fiscal year 2022 was US$772.7 million, compared to an income of US$268.4 million in the same period of the prior fiscal year.
Operating margin for the first nine months of fiscal year 2022 was negative 34.0%, compared to 7.2% for the same period of the prior fiscal year. Non-GAAP operating margin, which excludes share-based compensation expenses for the first nine months of fiscal year 2022, was negative 29.9%, compared to 8.8% for the same period of the prior fiscal year.
Net loss attributable to New Oriental for the first nine months of fiscal year 2022 was US$998.4 million, compared to an income of US$379.9 million in the same period of the prior fiscal year. Basic and diluted net loss per ADS attributable to New Oriental for the first nine months of fiscal year 2022 amounted to US$5.89 and US$5.89, respectively.
Non-GAAP net loss attributable to New Oriental for the first nine months of fiscal year 2022 was US$885.9 million, compared to an income of US$416.9 million in the same period of the prior fiscal year. Non-GAAP basic and diluted net loss per ADS attributable to New Oriental for the first nine months of fiscal year 2022 amounted to US$5.22 and US$5.22, respectively.
Conference Call Information
New Oriental's management will host an earnings conference call at 8 AM on April 26, 2022, U.S. Eastern Time (8 PM on April 26, 2022, Beijing/Hong Kong Time). Participants can join the conference using the below options:
Dialling-in to the conference call:
Please register in advance of the conference, using the link provided below. Upon registering, you will be provided with participant dial-in numbers, passcode and unique registrant ID.
Conference call registration link: http://apac.directeventreg.com/registration/event/7678797. It will automatically direct you to the registration page of "New Oriental Third Fiscal Quarter 2022 Earnings Conference Call" where you may fill in your details for RSVP. If it requires you to enter a participant conference ID, please enter "7678797".
In the 10 minutes prior to the call start time, you may use the conference access information (including dial in number(s), direct event passcode and registrant ID) provided in the confirmation email received at the point of registering.
Joining the conference call via a live webcast:
Additionally, a live and archived webcast of the conference call will be available at http://investor.neworiental.org.
Listening to the conference call replay:
A replay of the conference call may be accessed by phone at the following number until May 4, 2022:
About New Oriental
New Oriental is a provider of private educational services in China offering a wide range of educational programs, services and products to a varied student population throughout China. New Oriental's program, service and product offerings mainly consist of test preparation, language training for adults, education materials and distribution, online education, and other services. New Oriental is listed on NYSE (NYSE: EDU) and SEHK (9901.SEHK), respectively. New Oriental's ADSs, each of which represents ten common shares. The Hong Kong-listed shares are fully fungible with the ADSs listed on NYSE.
For more information about New Oriental, please visit http://www.neworiental.org/english/.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of 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. Among other things, the quotations from management in this announcement, as well as New Oriental's strategic and operational plans, contain forward-looking statements. New Oriental may also make written or oral forward-looking statements in its reports filed or furnished to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about New Oriental's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: our ability to attract students without a significant decrease in course fees; our ability to continue to hire, train and retain qualified teachers; our ability to maintain and enhance our "New Oriental" brand; our ability to effectively and efficiently manage the expansion of our school network and successfully execute our growth strategy; the outcome of ongoing, or any future, litigation or arbitration, including those relating to copyright and other intellectual property rights; competition in the private education sector in China; changes in our revenues and certain cost or expense items as a percentage of our revenues; the expected growth of the Chinese private education market; Chinese governmental policies relating to private educational services and providers of such services; health epidemics and other outbreaks in China; and general economic conditions in China. Further information regarding these and other risks is included in our annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. New Oriental does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of this press release, and New Oriental undertakes no duty to update such information, except as required under applicable law.
About Non-GAAP Financial Measures
To supplement New Oriental's consolidated financial results presented in accordance with GAAP, New Oriental uses the following measures defined as non-GAAP financial measures by the SEC: net income / (loss) excluding share-based compensation expenses and gain / (loss) from fair value change of long-term investments, operating income / (loss) excluding share-based compensation expenses, operating cost and expenses excluding share-based compensation expenses, general and administrative expenses excluding share-based compensation expenses, operating margin excluding share-based compensation expenses, and basic and diluted net income / (loss) per ADS and per share excluding share-based compensation expenses and gain / (loss) from fair value change of long-term investments. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the tables captioned "Reconciliations of non-GAAP measures to the most comparable GAAP measures" set forth at the end of this release.
New Oriental believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity by excluding share-based compensation expenses and gain / (loss) from fair value change of long-term investments that may not be indicative of its operating performance from a cash perspective. New Oriental believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management's internal comparisons to New Oriental's historical performance and liquidity. New Oriental believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation of using these non-GAAP measures is that they exclude share-based compensation expenses and gain / (loss) from fair value change of long-term investments that has been and will continue to be for the foreseeable future a significant recurring expense in our business. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying tables have more details on the reconciliations between GAAP financial measures that are most directly comparable to non-GAAP financial measures.
Contacts
For investor and media inquiries, please contact:
Ms. Sisi Zhao Ms. Rita Fong
New Oriental Education and Technology Group Inc. FTI Consulting
Tel: +86-10-6260-5568 Tel: +852 3768 4548
Email: zhaosisi@xdf.cn Email: rita.fong@fticonsulting.com
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SOURCE New Oriental Education and Technology Group Inc. | https://www.kxii.com/prnewswire/2022/04/26/new-oriental-announces-results-third-fiscal-quarter-ended-february-28-2022/ | 2022-04-26T11:10:39Z |
The Strand celebrates with a jolt of caffeine
EAST VILLAGE, N.Y., June 25, 2022 /PRNewswire/ -- On Saturday, June 25th the Strand Book Store will celebrate it's 95th year as the largest independent bookstore in New York City. Nestled deeply in the heart of the Village, the Strand Bookstore has brought some of the greatest literary leaders, artists and bohemian types together for nearly a century. The landscape of the Village has changed over the decades, from Beatniks, to millennials, and the streets that were once filled with gas-fueled cars have now been replaced with electric cars and bicycles. One thing that has remained is the coffee house culture, the cross section of where the new generation of hippies and business culture of today meet to share in a communal cup of Joe.
Now, for the first time since it's opening in 1927, the Strand flagship store is proud to welcome one of the finest coffee makers in the world to share a cup of coffee while getting lost in the stacks. "Bringing coffee to our customers has been a long-time dream for The Strand," stated Laura Ravo, Strand Books, COO. "When we made the decision to add it to our store, we sought to bring customers the most authentic coffee experience and Brooklyn Roasting Company fit that vision perfectly. Furthermore, Brooklyn Roasting Company shares many of the Strand's principles. They deliver a quality product, care about the New York and provide excellent customer service; while giving back through conscientious charitable contributions to further the arts, literature and music in our city."
The Brooklyn Roasting Company, founded in 2009 is now New York City's leader in the homegrown coffee business, and recently voted as the 2022 Best Overall Fair-Trade Coffee by TreeHugger. Jim Munson, Brooklyn Roasting Company's Founder and CEO reports, "I've enjoyed drinking coffee and reading books for most of my life. It only makes sense to embrace a partnership between the coffee company I've built and my favorite New York City independent bookseller, the Strand. Both coffee and books feed the life of the mind, and the lives of so many thoughtful New Yorkers. Our sustainably-sourced coffees mirror the Strand's customer base with a wide range of rich and diverse flavor palettes, presented to customers unpretentiously."
The Strand at 828 Broadway, and Brooklyn Roasting Company invite the media and general public to their 95th Birthday Celebration and Brooklyn Roasting Company Grand Opening!
INTERVIEW OPPORTUNITIES AVAILABLE
About The Strand Book Store:
Strand Book Store is the landmark independent book store of New York City. With nearly 100 years of history and a global community of support; Strand Books is part of the New York landscape attracting book lovers from every corner of the world. Within its walls, Strand houses thousands of books ranging from new and rare books, hard to find art and photography books, souvenirs, hosts best- selling author events and more. For further information visit: www.strandbooks.com
About Brooklyn Roasting Company:
Brooklyn Roasting Company sources and serves superb and sustainable specialty grade coffee from the world's most renowned growing regions. We are serious, not snobby. Like Brooklyn, we are bold, brave, colorful and creative.
CONTACT: SANDY LEVY
E: Sandy.levy@strandbooks.com
M: 210-439-5951
O: 212-473-1452 ext. 540
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SOURCE Strand Book Store | https://www.wibw.com/prnewswire/2022/06/25/iconic-strand-book-store-celebrates-95-years-nyc/ | 2022-06-25T12:46:02Z |
PITTSBURGH , May 25, 2022 /PRNewswire/ -- "I wanted to create a way to teach children to properly put on their shoes and tie them," said an inventor, from Far Rockaway, N.Y., "so I invented the LEAPIN-LEARNERS. My design could make the learning experience more positive for children."
The invention helps to teach children how to place shoes on the correct feet. It also helps children learn how to tie their shoes. As a result, it could increase independence and self-confidence. It also could provide added style and fun. The invention features a unique design that is easy to use so it is ideal for young children and mentally or physically challenged individuals. Additionally, it is producible in design variations.
The original design was submitted to the Long Island sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-LGI-2505, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com.
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SOURCE InventHelp | https://www.mysuncoast.com/prnewswire/2022/05/25/inventhelp-inventor-develops-modified-shoes-children-lgi-2505/ | 2022-05-25T17:37:59Z |
Former Torchy's Tacos and Texas Roadhouse CEO brings nearly 40 years of experience to &vest's Hospitality Portfolio
NEW YORK, May 13, 2022 /PRNewswire/ -- &vest, an investment platform founded in 2019 focused on SPACs and private investments, announced today its addition of hospitality industry leader G.J. Hart as a partner. The partnership with Hart comes as the company continues to bolster operational capabilities to support its transactions and portfolio companies. &vest currently runs two hospitality-focused SPACs (FAST Acquisition Corp I and II) and focuses a significant portion of its private capital on restaurant and hospitality companies.
Hart will leverage his 37 years of foodservice operations and leadership experience running some of the most well-known restaurant brands in the industry, including Torchy's Tacos, Texas Roadhouse and California Pizza Kitchen, as well as advising many others. With particular expertise in the casual dining segment, as well as a decorated track record as a public-markets executive, Hart will provide both investment and operational support to &vest's assets.
"G.J. Hart is a trailblazer in the restaurant industry, and his experience both in public and private markets is going to be invaluable to our team," said Doug Jacob, Co-Founder of &vest. "We continue to see excellent opportunities to invest in, acquire and operate hospitality brands with strong fundamentals that will realize significant growth as we enter a post-COVID world. We're thrilled to add G.J. to our team and are looking forward to working together."
Most recently, Hart led a significant expansion of Torchy's Tacos, one of the most prominent high-growth restaurant brands in the industry. Prior to Torchy's, Hart served as Executive Chairman and CEO of California Pizza Kitchen. Hart also spent over a decade leading the popular steakhouse brand Texas Roadhouse, driving the company's growth from a few dozen locations to more than 450 restaurants in 49 states and two international markets, as well as its IPO in 2004.
"I've been honored to know Doug for a while over the course of my career and joining the true operator and entrepreneur-led model &vest team is an exciting new step for me," said Hart. "The creative solutions and strategies they bring to the table are unmatched within their space and partnering with them will allow us to open many new doors together."
In addition to his food service experience, Hart is a member of the Young Presidents' Organization (YPO) and was named a Top CEO for investor relations by IR Magazine. Hart has been recognized for his entrepreneurial vision and leadership while leading California Pizza Kitchen's Next Chapter as a finalist of EY's prestigious 2016 Entrepreneur of the Year Awards in Los Angeles and as the recipient of one of the industry's highest honors, the International Foodservice Manufacturers Association's 2017 Silver Plate Award in the Chain Full-Service category.
A native of the Netherlands, Hart currently resides in Austin, Texas with his wife and children.
About &vest
Founded in 2019, &vest is a unique investment platform founded by Doug Jacob and Michael Lastoria that leverages its branding, operational, financial and partnership capabilities to create bespoke investment opportunities for its investors and attractive capital for targets and portfolio companies. &vest currently manages three SPACs: FAST Acquisition Corp., FAST Acquisition Corp. II, and Velocity Acquisition Corp., as well as a series of private growth and venture investments. &vest is headquartered in Ridgefield, Connecticut. More information can be found at https://andvest.co.
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SOURCE &vest | https://www.kxii.com/prnewswire/2022/05/13/hospitality-industry-veteran-gj-hart-joins-ampvest-newest-partner/ | 2022-05-13T19:52:59Z |
UPDATES FISCAL 2023 SALES & EARNINGS GUIDANCE
BERWYN, Pa., Aug. 3, 2022 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") today reported financial results for its first quarter of fiscal 2023, which ended June 30, 2022.
First Quarter Fiscal 2023
- Net sales of $349.4 million
- Operating income of $14.7 million with operating margin of 4%; adjusted operating income of $32.6 million with adjusted operating margin of 9%
- Net loss of $10.3 million, or ($0.16) per share; adjusted net income of $7.5 million, or $0.12 per diluted share
- Cash flow used in operations of $93.0 million; core cash used in operations of $72.0 million
Fiscal 2023 Guidance
- Net sales of approximately $1.3 billion
- GAAP earnings per diluted share of between $1.51 - $1.71
- Adjusted earnings per diluted share of between $0.28 - $0.48, down $0.12 due to a reduction in non-cash pension income
- Cash used in operations of ($30.0) million to ($40.0) million, includes core cash flow from operations of between $30.0 million - $45.0 million
"TRIUMPH generated organic sales growth in our continuing operations driven by improving commercial OEM and MRO demand." said Dan Crowley, TRIUMPH's chairman, president and chief executive officer. "Our actions to mitigate supply chain constraints and work with our customers and suppliers to ensure continuity and affordability continue to differentiate TRIUMPH. With a growing and profitable backlog, TRIUMPH is well positioned to benefit from continued strength across nearly all of our end markets."
Mr. Crowley continued, "Consistent with our strategic plan, TRIUMPH recently completed the divestiture of its last remaining large structures operation. Our first quarter results keep us on track to achieve our full year objectives, and with our goal to double profitability over fiscal years 2022 to 2025, driven by improved OEM production rates, expanded MRO volumes, enhanced pricing from recent contract extensions and a lower cost structure. We remain focused on investing in our people, operations, and products for the benefit of all stakeholders."
First Quarter Fiscal 2023 Overview
Excluding divestitures and exited programs, sales for the first quarter of fiscal 2023 were up 1% organically from the prior year period as increases in commercial narrow-body production offset decreased military rotorcraft volume.
First quarter operating income of $14.7 million includes $0.7 million of restructuring costs related to our structures facility exits and $17.2 million reduction of revenue for consideration payable to customer related to the Stuart divestiture. Cost of sales benefited from the Aviation Manufacturing Jobs Protection Program by $5.0 million in the quarter. Net loss for the first quarter of fiscal 2023 was $10.3 million, or ($0.16) per share primarily due to the items noted above. On an adjusted basis, net income was $7.5 million, or $0.12 per diluted share.
TRIUMPH's results included the following:
The number of shares used in computing diluted earnings per share for the first quarter of 2023 was 65.3 million.
Adjusting for the impact of the Stuart divestiture, backlog, which represents the next 24 months of actual purchase orders with firm delivery dates or contract requirements, was $1.53 billion, up 7% from the prior year, primarily on commercial narrow body platforms.
For the first quarter of fiscal 2023, cash flow used in operations was $93.0 million.
Outlook
The Company's outlook reflects adjustments detailed in the attached tables.
Based on expected aircraft production rates, and the resulting demand on each of our facilities, the Company expects net sales for fiscal 2023 will be approximately $1.3 billion.
The Company expects GAAP fiscal 2023 earnings per diluted share of $1.51 to $1.71, up $1.11 from prior guidance due to impacts of the Stuart divestiture and our interim pension re-measurement. The Company expects adjusted earnings per diluted share of $0.28 - $0.48, down $0.12 due to a reduction in non-cash pension income.
The Company expects fiscal 2023 cash used in operations of ($30.0) million to ($40.0) million, including core cash flow from operations of approximately $30.0 million to $45.0 million and core free cash flow of approximately break-even to $15.0 million.
Conference Call
TRIUMPH will hold a conference call today, August 3rd, at 8:30 a.m. (ET) to discuss the first quarter of fiscal 2023 results. The conference call will be available live and archived on the Company's website at http://www.triumphgroup.com. A slide presentation will be included with the audio portion of the webcast, and the presentation has been posted on the Company's website at http://ir.triumphgroup.com/QuarterlyResults. An audio replay will be available from August 3rd to August 10th by calling (877) 344-7529 (Domestic) or (412) 317-0088 (International), passcode #8597845.
About TRIUMPH
TRIUMPH, headquartered in Berwyn, Pennsylvania, designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerospace and defense systems, components and structures. The company serves the global aviation industry, including original equipment manufacturers and the full spectrum of military and commercial aircraft operators.
More information about TRIUMPH can be found on the Company's website at www.triumphgroup.com.
Forward Looking Statements
Statements in this release which are not historical facts are forward-looking statements under the provisions of the Private Securities Litigation Reform Act of 1995, including statements of expectations of or assumptions about financial and operational performance, revenues, earnings per share, cash flow or use, cost savings and operational efficiencies and organizational restructurings. All forward-looking statements involve risks and uncertainties which could affect the Company's actual results and could cause its actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, the Company. Further information regarding the important factors that could cause actual results to differ from projected results can be found in Triumph Group's reports filed with the SEC, including our Annual Report on Form 10-K for the fiscal year ended March 31, 2022.
FINANCIAL DATA (UNAUDITED) ON FOLLOWING PAGES
FINANCIAL DATA (UNAUDITED)
TRIUMPH GROUP, INC. AND SUBSIDIARIES
(dollars in thousands)
Non-GAAP Financial Measure Disclosures
We prepare and publicly release quarterly unaudited financial statements prepared in accordance with GAAP. In accordance with Securities and Exchange Commission (the "SEC") guidance on Compliance and Disclosure Interpretations, we also disclose and discuss certain non-GAAP financial measures in our public releases. Currently, the non-GAAP financial measure that we disclose is Adjusted EBITDA and Adjusted EBITDAP, which is our net income before interest, income taxes, amortization of acquired contract liabilities, curtailments, settlements and special termination benefits, legal settlements, loss on divestitures, share-based compensation expense, depreciation and amortization and Adjusted EBITDA, less pension & other postretirement benefits. We disclose Adjusted EBITDA and Adjusted EBITDAP on a consolidated and Adjusted EBITDAP an operating segment basis in our earnings releases, investor conference calls and filings with the SEC. The non-GAAP financial measures that we use may not be comparable to similarly titled measures reported by other companies. Also, in the future, we may disclose different non-GAAP financial measures in order to help our investors more meaningfully evaluate and compare our future results of operations to our previously reported results of operations.
We view Adjusted EBITDA and Adjusted EBITDAP as operating performance measure and as such we believe that the GAAP financial measure most directly comparable to it is net income. In calculating Adjusted EBITDA and Adjusted EBITDAP, we exclude from net income the financial items that we believe should be separately identified to provide additional analysis of the financial components of the day-to-day operation of our business. We have outlined below the type and scope of these exclusions and the material limitations on the use of these non-GAAP financial measures as a result of these exclusions. Adjusted EBITDA and Adjusted EBITDAP are not measurements of financial performance under GAAP and should not be considered as a measure of liquidity, as an alternative to net income (loss), income from continuing operations, or as an indicator of any other measure of performance derived in accordance with GAAP. Investors and potential investors in our securities should not rely on Adjusted EBITDA or Adjusted EBITDAP as substitutes for any GAAP financial measure, including net income (loss) or income from continuing operations. In addition, we urge investors and potential investors in our securities to carefully review the reconciliation of Adjusted EBITDA and Adjusted EBITDAP to net income set forth below, in our earnings releases and in other filings with the SEC and to carefully review the GAAP financial information included as part of our Quarterly Reports on Form 10-Q and our Annual Reports on Form 10-K that are filed with the SEC, as well as our quarterly earnings releases, and compare the GAAP financial information with our Adjusted EBITDA and Adjusted EBITDAP.
Adjusted EBITDA and Adjusted EBITDAP is used by management to internally measure our operating and management performance and by investors as a supplemental financial measure to evaluate the performance of our business that, when viewed with our GAAP results and the accompanying reconciliation, we believe provides additional information that is useful to gain an understanding of the factors and trends affecting our business. We have spent more than 25 years expanding our product and service capabilities partially through acquisitions of complementary businesses. Due to the expansion of our operations, which included acquisitions, our net income has included significant charges for depreciation and amortization. Adjusted EBITDA and Adjusted EBITDAP exclude these charges and provide meaningful information about the operating performance of our business, apart from charges for depreciation and amortization. We believe the disclosure of Adjusted EBITDA and Adjusted EBITDAP helps investors meaningfully evaluate and compare our performance from quarter to quarter and from year to year. We also believe Adjusted EBITDA and Adjusted EBITDAP is a measure of our ongoing operating performance because the isolation of non-cash income and expenses, such as amortization of acquired contract liabilities, depreciation and amortization, share-based compensation and non-operating items, such as interest and income taxes, provides additional information about our cost structure, and, over time, helps track our operating progress. In addition, investors, securities analysts and others have regularly relied on Adjusted EBITDA and Adjusted EBITDAP to provide a financial measure by which to compare our operating performance against that of other companies in our industry.
FINANCIAL DATA (UNAUDITED)
TRIUMPH GROUP, INC. AND SUBSIDIARIES
(dollars in thousands)
Set forth below are descriptions of the financial items that have been excluded from our net income to calculate Adjusted EBITDA and Adjusted EBITDAP and the material limitations associated with using this non-GAAP financial measure as compared to net income:
- Divestitures may be useful for investors to consider because they reflect gains or losses from sale of operating units. We do not believe these earnings necessarily reflect the current and ongoing cash earnings related to our operations.
- Consideration payable to a customer related to a divestiture may be useful for investors to consider because it reflects consideration paid to facilitate the ultimate sale of operating units. We do not believe these charges necessarily reflect the current and ongoing cash earnings related to our operations.
- Non-service defined benefit income (inclusive of certain pension related transactions such as curtailments, settlements, early retirement or other incentives) may be useful to investors to consider because they represent the cost of post-retirement benefits to plan participants, net of the assumption of returns on the plan's assets and are not indicative of the cash paid for such benefits. We do not believe these earnings (expenses) necessarily reflect the current and ongoing cash earnings related to our operations.
- Amortization of acquired contract liabilities may be useful for investors to consider because it represents the non-cash earnings on the fair value of below market contracts acquired through acquisitions. We do not believe these earnings necessarily reflect the current and ongoing cash earnings related to our operations.
- Amortization expense and nonrecurring asset impairments (including goodwill, intangible asset impairments, and nonrecurring rotable inventory impairments) may be useful for investors to consider because it represents the estimated attrition of our acquired customer base and the diminishing value of tradenames, product rights, licenses, or, in the case of goodwill, other assets that are not individually identified and separately recognized under U.S. GAAP, or, in the case of nonrecurring asset impairments, the impact of unusual and nonrecurring events affecting the estimated recoverability of existing assets. We do not believe these charges necessarily reflect the current and ongoing cash charges related to our operating cost structure,
- Share-based compensation may be useful for investors to consider because it represents a portion of the total compensation to management and the board of directors. We do not believe these charges necessarily reflect the current and ongoing cash charges related to our operating cost structure.
- Depreciation may be useful for investors to consider because they generally represent the wear and tear on our property and equipment used in our operations. We do not believe these charges necessarily reflect the current and ongoing cash charges related to our operating cost structure.
- The amount of interest expense and other we incur may be useful for investors to consider and may result in current cash inflows or outflows. However, we do not consider the amount of interest expense and other to be a representative component of the day-to-day operating performance of our business.
- Income tax expense may be useful for investors to consider because it generally represents the taxes which may be payable for the period and the change in deferred income taxes during the period and may reduce the amount of funds otherwise available for use in our business. However, we do not consider the amount of income tax expense to be a representative component of the day-to-day operating performance of our business.
Management compensates for the above-described limitations of using non-GAAP measures by using a non-GAAP measure only to supplement our GAAP results and to provide additional information that is useful to gain an understanding of the factors and trends affecting our business.
FINANCIAL DATA (UNAUDITED)
TRIUMPH GROUP, INC. AND SUBSIDIARIES
(dollars in thousands)
Non-GAAP Financial Measure Disclosures (continued)
Adjusted income from continuing operations, before income taxes, adjusted income from continuing operations and adjusted income from continuing operations per diluted share, before non-recurring costs have been provided for consistency and comparability. These measures should not be considered in isolation or as alternatives to income from continuing operations before income taxes, income from continuing operations and income from continuing operations per diluted share presented in accordance with GAAP. The following tables reconcile income from continuing operations before income taxes, income from continuing operations, and income from continuing operations per diluted share, before non-recurring costs.
FINANCIAL DATA (UNAUDITED)
TRIUMPH GROUP, INC. AND SUBSIDIARIES
(dollars in thousands)
Non-GAAP Financial Measure Disclosures (continued)
Adjusted Operating Income is defined as GAAP Operating Income, less expenses/gains associated with the Company's transformation, such as restructuring expenses, gains/losses on divestitures, impairments of goodwill and other assets. Management believes that this is useful in evaluating operating performance, but this measure should not be used in isolation. The following table reconciles our Operating income to Adjusted Operating income as noted above.
Cash provided by operations, is provided for consistency and comparability. We also use free cash flow as a key factor in planning for and consideration of strategic acquisitions and the repayment of debt. This measure should not be considered in isolation, as a measure of residual cash flow available for discretionary purposes, or as an alternative to operating results presented in accordance with GAAP. The following table reconciles cash provided by operations to free cash flow.
Fiscal 2023 outlook includes cash used in operations, core cash from operations and core free cash flow. We use core cash from operations and core free cash flow to measure performance of our continuing operations. The following table reconciles cash used in operations to core cash flow from operations and core free cash flow.
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SOURCE Triumph Group | https://www.kxii.com/prnewswire/2022/08/03/triumph-reports-first-quarter-fiscal-2023-results/ | 2022-08-03T10:42:03Z |
- Based on cancer biomarkers, the first-of-its-kind VENTANA MMR RxDx Panel helps identify solid tumour patients, including endometrial cancer patients, for treatment with Merck's immunotherapy KEYTRUDA.
- The test evaluates a panel of MMR proteins in tumours to provide important treatment information to clinicians.
- Merck collaboration builds on Roche's commitment to enable personalised healthcare strategies for patients.
TUCSON, Ariz., Aug. 11, 2022 /PRNewswire/ -- Roche (SIX: RO, ROG; OTCQX: RHHBY) today announced US Food and Drug Administration (FDA) approval of a label expansion for the VENTANA MMR RxDx Panel. This approval advances the company's commitment to personalised healthcare through tests that determine which patients are most likely to respond to specific and targeted therapies.
The VENTANA MMR RxDx Panel is the first immunohistochemistry (IHC) companion diagnostic test to aid in identifying patients whose solid tumours are deficient in DNA mismatch repair (dMMR), and who may be eligible for KEYTRUDA® (pembrolizumab). The panel is also the first companion diagnostic test to aid in identifying endometrial cancer patients whose tumours are proficient in DNA mismatch repair (pMMR), and who may be eligible for a combination of KEYTRUDA and the tyrosine kinase inhibitor (TKI) LENVIMA® (lenvatinib). The test evaluates a panel of MMR proteins in tumours to provide important treatment information to clinicians.
"Roche is committed to advancing personalised healthcare options for all solid tumour patients," said Jill German, Head of Pathology, Roche Diagnostics. "As the first companion diagnostic of its kind, our test provides patients with access to multiple therapies, enabling targeted treatment. We are pleased that our innovative companion diagnostic portfolio continues to grow to serve more patients."
MMR is a naturally occurring mechanism that scans our DNA, correcting errors that cause disease. When MMR is deficient (dMMR), cells mutate, which can lead to cancer. While MMR deficiency is most common in endometrial cancer, other high-prevalence dMMR tumour types include gastric, colorectal, small intestine, cervical and neuroendocrine cancers. In the US, prevalence of dMMR across patients with solid tumours has been estimated at 14 percent.1 PD-1 inhibitors can be an effective treatment in cancers with MMR deficiency. For endometrial cancer patients without this MMR deficiency (pMMR) PD-1 inhibitors may retain activity when combined with a tyrosine kinase inhibitor (TKI).
FDA approval of the label expansion for the VENTANA MMR RxDx Panel provides clinicians with access to a fully automated panel of MMR biomarkers tested by IHC. This label expansion follows the April 2021 FDA approval of the VENTANA MMR RxDx Panel as the first IHC predictive test to identify endometrial carcinoma patients eligible for treatment with the anti-PD1 immunotherapy JEMPERLI® (dostarlimab-gxly). That approval was expanded for the following indications on the dates below:
- August 2021 - dMMR solid tumour patients for treatment with JEMPERLI
- March 2022 - dMMR solid tumour patients for treatment with KEYTRUDA
- June 2022 - pMMR solid tumour patients for treatment with a combination of KEYTRUDA and LENVIMA
Cancer is the second leading cause of death worldwide, with nearly 10 million deaths annually.2, 3 Endometrial cancer is the most common gynaecological cancer in the U.S. and the fourth most common cancer in women in North America.4
This approval for the VENTANA MMR RxDx Panel is a label expansion of Roche's current on-market panel. The VENTANA MMR RxDx Panel is intended for the assessment of expression of MMR proteins in formalin-fixed, paraffin-embedded (FFPE) tumour tissue stained with OptiView DAB IHC Detection Kit and ancillary reagents in the panel for VENTANA anti-MLH1 (M1), VENTANA anti-MSH2 (G219-1129) and VENTANA anti-MSH6 (SP93) and OptiView DAB IHC Detection Kit with the OptiView Amplification Kit and ancillary reagents for VENTANA anti-PMS2 (A16-4) on a BenchMark ULTRA instrument.
DNA mismatch repair (MMR) proteins have been clinically proven to be predictive biomarkers for PD-1 targeted therapy; specifically, a loss of expression of one or more MMR proteins might predict an increased likelihood of response to such therapy.5,6,7 PD-1 inhibitors can be effective in cancers with MMR deficiency.5,7 MMR is a conserved molecular mechanism that functions to correct the improper base substitutions that spontaneously occur during DNA replication. Defects in the MMR machinery have been attributed to mutations in the MMR proteins. Read more about Roche's innovation in MMR biomarker testing.
In May 2017, KEYTRUDA became the first cancer treatment approved by the U.S. Food and Drug Administration for a tissue-agnostic indication.8 The FDA granted accelerated approval to KEYTRUDA for the treatment of adult and paediatric patients with unresectable or metastatic, microsatellite instability-high or mismatch repair deficient solid tumours, as determined by an FDA-approved test, that have progressed following prior treatment and who have no satisfactory alternative treatment options.
Subsequently, KEYTRUDA was approved by the FDA in combination with lenvatinib, for the treatment of patients with advanced endometrial carcinoma that is not MSI-H or dMMR, who have disease progression following prior systemic therapy in any setting and are not candidates for curative surgery or radiation and as a single agent, for the treatment of patients with advanced endometrial carcinoma that is MSI-H or dMMR, as determined by an FDA-approved test, who have disease progression following prior systemic therapy in any setting and are not candidates for curative surgery or radiation.
Founded in1896 in Basel, Switzerland, as one of the first industrial manufacturers of branded medicines, Roche has grown into the world's largest biotechnology company and the global leader in in-vitro diagnostics. The company pursues scientific excellence to discover and develop medicines and diagnostics for improving and saving the lives of people around the world. We are a pioneer in personalised healthcare and want to further transform how healthcare is delivered to have an even greater impact. To provide the best care for each person we partner with many stakeholders and combine our strengths in Diagnostics and Pharma with data insights from the clinical practice.
In recognising our endeavour to pursue a long-term perspective in all we do, Roche has been named one of the most sustainable companies in the pharmaceuticals industry by the Dow Jones Sustainability Indices for the thirteenth consecutive year. This distinction also reflects our efforts to improve access to healthcare together with local partners in every country we work.
Genentech, in the United States, is a wholly owned member of the Roche Group. Roche is the majority shareholder in Chugai Pharmaceutical, Japan.
For more information, please visit www.roche.com.
All trademarks used or mentioned in this release are protected by law. Merck is known as Merck Sharp & Dohme (MSD) outside the U.S. and Canada. KEYTRUDA® is a registered trademark of Merck Sharp & Dohme LLC., a subsidiary of Merck & Co., Inc., Rahway, NJ, USA.
[1] Lortet-Tieulent J, et al. J Natl Cancer Inst. 110, 354-361.
[2] Journal of Oncology. [Internet; cited 20 July 2022.] Available from: doi.org/10.1155/2020/1807929.
[3] Siegel RL, Miller KD, et al. CA Cancer J Clin. 2020:70(1):7-30.
[4] Siegel RL, Miller KD, et al. CA Cancer J Clin. 2019:69(1):7-34.
[5] Lee YC, S Lheureux, et al. Curr Opin Obstet Gynecol. 2017:29:47-58.
[6] Merck. European Commission Approves KEYTRUDA® (pembrolizumab) as First-Line Treatment in Adult Patients With Metastatic Microsatellite Instability-High (MSI-H) or Mismatch Repair Deficient (dMMR) Colorectal Cancer [Internet; cited 20 July 2022.] Available from: Merck.com.
[7] Kato M, Takano M, Miyamoto M, et al. DNA mismatch repair-related protein loss as a prognostic factor in endometrial cancers. J Gynecol Oncol. 2015:26(1):40-45.
[8] U.S. Food and Drug Administration. FDA grants accelerated approval to pembrolizumab for first tissue/site agnostic indication. [Internet; cited 20 July 2022.] Available from: FDA.gov.
For further information please contact:
Jo Lynn Garing, Roche Diagnostics Communications
Mobile: +1 317-508-6337
E-mail: jo_lynn.garing@roche.com
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SOURCE Roche | https://www.kxii.com/prnewswire/2022/08/11/roche-receives-fda-approval-ventana-mmr-rxdx-panel-identify-dmmr-solid-tumour-patients-pmmr-endometrial-cancer-patients-eligible-keytruda/ | 2022-08-11T06:05:05Z |
SINGAPORE and HONG KONG, July 8, 2022 /PRNewswire/ -- Buyer consortium led by Recco Control Technology Pte. Ltd. ("Recco Control Technology") and Dazheng Group (Hong Kong) Investment Holdings Company Limited ("Dazheng Group") announces today that UBS AG Hong Kong Branch[1] has been engaged by Recco Control Technology and Dazheng Group as the financial advisor in connection with the consortium's proposed acquisition of Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys"). Members of the consortium also include TFI Asset Management Limited, and Great Wall Capital Co., Ltd has entered into a memorandum of strategic cooperation with Recco Control Technology and Dazheng Group in connection with the proposed acquisition of Hollysys.
The consortium reaffirms its non-binding indicative all-cash offer of $25 per share to acquire Hollysys, which the consortium first sent to the board of Hollysys on December 3, 2021, and publicly announced through a press release on January 24, 2022. The offer represents a premium of 65.5% over Hollysys' closing share price of $15.11 on July 7, 2022.
The consortium believes that the subsequent announcement by the board of Hollysys to suspend evaluation of all unsolicited buyout proposals and the board's continuing non-engaging with the consortium is not in the best interest of Hollysys' shareholders, especially in light of the attractive premium offered by the consortium, as well as the management's inability to increase shareholders' value subsequent to such announcement. The consortium encourages Hollysys' board to fulfil their fiduciary duties to achieve best interest of shareholders by opening discussions with, and granting due diligence access to, the consortium. The consortium is prepared to move fast to enter into and close the proposed transaction after a customary confirmatory diligence exercise.
At this stage, there can be no assurance that any agreement with the board of Hollysys could be reached in respect of a potential acquisition of Hollysys.
About Recco
Recco Control Technology Pte. Ltd is a Singapore-incorporatedinvestor in the automation industry and was founded by Mr. Ke Lei, a veteran in the automation industry in China.
About Dazheng
Dazheng Group (Hong Kong) Investment Holdings Company Limited is a Hong Kong-incorporated financial investor founded by sophisticated entrepreneurs and investment banking professionals.
About TFI
TFI Asset Management Limited is a Hong Kong-based asset management firm which is an indirect subsidiary of Tianfeng Securities Co., Ltd. (also known as TF Securities, SH: 601162).
About Great Wall Capital
Great Wall Capital Co., Ltd. is a Beijing-based private equity investment firm under China Great Wall Asset Management Co., Ltd., one of the four Chinese state-owned asset management companies.
Cautionary Statement Regarding Forward-looking Statements
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements are statements that are not historical facts. These statements include projections and estimates and their underlying assumptions, statements regarding plans, objectives, intentions and expectations with respect to future financial results, events, operations, services, product development and potential, and statements regarding future performance. Forward-looking statements are generally identified by the words "believe," "envision," "will," "expect," "anticipate," "intend," "estimate," "plan" and similar expressions. Although the management of Recco, Dazheng, TFI and Great Wall Capital believe that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of any of Recco, Dazheng, TFI and Great Wall Capital, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Other than as required by applicable law, none of Recco, Dazheng, TFI and Great Wall Capital undertakes any obligation to update or revise any forward-looking information or statements. The information and opinions contained herein do not take into account the particular investment objectives, financial situation, or needs of any recipient and should not be construed as an offer to buy or sell or the solicitation of an offer to buy or sell the securities mentioned or an invitation to the public. Under no circumstances shall the information contained herein or the opinions expressed herein constitute a personal recommendation to anyone.
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SOURCE DAZHENG GROUP (HONG KONG) INVESTMENT HOLDINGS COMPANY LIMITED | https://www.wibw.com/prnewswire/2022/07/08/buyer-consortium-led-by-recco-control-technology-dazheng-group-announces-engagement-ubs-financial-advisor-reaffirms-non-binding-indicative-offer-25-per-share-acquire-hollysys/ | 2022-07-08T11:42:18Z |
NEW YORK, June 9, 2022 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Oscar Health, Inc. (NYSE: OSCR) pursuant and/or traceable to the registration statement and prospectus (collectively, the "Registration Statement") issued in connection with the Company's March 2021 initial public offering ("IPO" or the "Offering"), of the important July 11, 2022 lead plaintiff deadline.
SO WHAT: If you purchased Oscar securities pursuant and/or traceable to the Registration Statement you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Oscar class action, go to https://rosenlegal.com/submit-form/?case_id=6200 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 11, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, the Registration Statement was materially false and misleading and omitted to state that: (1) Oscar was experiencing growing COVID-19 testing and treatment costs; (2) Oscar was experiencing growing net COVID-19 costs; (3) Oscar would be negatively impacted by an unfavorable prior year Risk Adjustment Data Validation (RADV) result relating to 2019 and 2020; (4) Oscar was on track to be negatively impacted by significant Special Enrollment Period (SEP) membership growth; and (5) as a result of the foregoing, defendants' positive statements about Oscar'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 Oscar class action, go to https://rosenlegal.com/submit-form/?case_id=6200 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com
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SOURCE Rosen Law Firm, P.A. | https://www.mysuncoast.com/prnewswire/2022/06/09/rosen-top-ranked-investor-counsel-encourages-oscar-health-inc-investors-with-losses-secure-counsel-before-important-deadline-securities-class-action-oscr/ | 2022-06-09T21:51:02Z |
Mathieu van der Poel wins Tour of Flanders for 2nd time
OUDENAARDE, Belgium (AP) — Dutchman rider Mathieu van der Poel has come out of a four-man sprint to win the Tour of Flanders cobbled classic for the second time on Sunday. Two-time Tour de France champion Tadej Pogacar blew his chances in the race’s finale. Local favorite Wout van Aert of Belgium did not compete after testing positive for COVID-19. Pogacar was boxed behind rivals in the sprint and gestured in frustration as he crossed the line in fourth place. Dutch rider Dylan Van Baarle ended up runner-up ahead of Valentin Madouas of France. | https://localnews8.com/sports/ap-national-sports/2022/04/03/dutchman-van-der-poel-wins-tour-of-flanders-for-2nd-time/ | 2022-04-03T18:32:42Z |
Pulse survivors, mourners mark 6 years since massacre
ORLANDO, Fla. (WFTV) - It’s not a landmark year, but that’s what many said is making it more meaningful.
The crowd was smaller, only a few thousand, but the message rang just as loud.
Loved ones of those 49 people - Black, white, Latino, gay and straight - were all one united today as one Pulse.
“I was shot four times on the morning of June 12,″ Amanda Grau said.
What happened six years ago left her in the hospital for a year, along with months of counseling, and until 2017, she didn’t want to leave her home. But then something clicked.
“If I stayed inside afraid, it’s like I didn’t survive at all,” she said.
It’s that resilience, that strength that so many are showing to prove they refuse to let tragedy define them.
It’s something Patience Murray said will always motivate her to push forward.
“Being shot twice and held hostage for three hours, I don’t consider myself a victim because that means I didn’t win,” she said.
Elizabeth Budlong said she stopped by because she was supposed to be at the nightclub that night; then something made her change her mind.
She revisits the memorial, praying for the memories of those she could’ve died alongside.
“It’s very harrowing, you know,” Budlong said. “I could’ve been one of them, and I do feel a little guilty because I wasn’t there.”
Orlando Police Chief Orlando Rolon said things may have changed in how officers respond to shooting calls and how law enforcement are trained, but one thing hasn’t changed: the love he’s seen spread by so many strangers through the years.
“The hate we saw will never be the highlight of anyone’s memory. But it would be how the community came together to assist for the 49 who were taken from us and the thousands affected by their loss,” Rolon said.
That sense of unity that’s been on display in the hours, weeks months and now six years since the massacre has a become a rallying call for change, for gun control.
“To the survivors and victims’ families we are united in the effort to be sure hate will never win,” Orlando Mayor Buddy Dyer said.
The community said it’s honoring the 49 angels’ lives with action and being the change they wish to see.
“To our beautiful angels and friend Chris - keep on dancing,” Grau said.
There were also some protesters seen there Sunday night, gathered right outside the memorial, apparently upset with the One Pulse Foundation and their actions after the attack, including ceremonies like this one.
Copyright 2022 WFTV via CNN Newsource. All rights reserved. | https://www.mysuncoast.com/2022/06/13/pulse-survivors-mourners-mark-6-years-since-massacre/ | 2022-06-13T12:55:30Z |
NEW YORK, May 4, 2022 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Li-Cycle Holdings Corp. f/k/a Peridot Acquisition Corp. (NYSE: LICY, PDAC) between February 16, 2021 and March 23, 2022, inclusive (the "Class Period") of the important June 20, 2022 lead plaintiff deadline in the securities class action commenced by the Firm.
SO WHAT: If you purchased Li-Cycle 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 Li-Cycle class action, go to https://rosenlegal.com/submit-form/?case_id=4885 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 June 20, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Li-Cycle's largest customer, Traxys North America LLC, is not actually a customer, but merely a broker providing working capital financial to the Company while Traxys tries to sell Li-Cycle's product to end customers; (2) the Company engaged in highly questionable related party transactions; (3) the Company's mark-to-model accounting is vulnerable to abuse and gave a false impression of growth; (4) a significant portion of the Company's reported revenues were derived from simply marking up receivables on products that had not been sold; (5) the Company's gross margins have likely been negative since inception; (6) the Company will require an additional $1 billion of funding to support its planned growth (which is a figure greater than the Company raised via the merger); and (7) as a result, defendants' public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Li-Cycle class action, go to https://rosenlegal.com/submit-form/?case_id=4885 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.kxii.com/prnewswire/2022/05/05/rosen-trusted-national-trial-counsel-encourages-li-cycle-holdings-corp-fka-peridot-acquisition-corp-investors-with-losses-secure-counsel-before-important-deadline-securities-class-action-commenced-by-firm-licy-pdac/ | 2022-05-05T02:04:24Z |
It appears that Kenan Thompson is going to try and get by without a little help from his friends.
In an interview with the Los Angeles Times, Thompson said he has not asked his "SNL" costars Michael Che and Colin Jost for tips on hosting the Emmys (Che and Jost hosted in 2018).
"I have not been in touch with them, necessarily," Thompson told the publication. "I'm going to be pretty straightforward — a good monologue and keeping the energy up will be my approach. I enjoy honoring artistry and creativity."
He will host the 74th Emmy Awards on NBC Monday and feels "great" about the upcoming gig.
"There's a great team that's involved. I definitely don't feel like I'm floating out there by myself," Thompson said. "I'm really excited about it. There's some great pieces coming together."
He also talked about his 20 years on "SNL" (he's now the most senior cast member), with multiple cast members departing after last season.
Thompson told the Times he has no plans to leave.
"I keep joking that they will have to throw me out of there one of these days," he said. "I've never been in a situation where I'm invited back an exuberant amount of times."
Unlike others, he hasn't had to make the decision to part with the long-running late night sketch show because of conflicts with other projects, including his recently canceled series "Kenan," which ran for two seasons.
"They move on when they're in high demand and it's not possible to do both schedule-wise," Thompson said. "That's when people make that tough career decision. My opportunities have been manageable so far, so I have not been forced to make that decision yet."
The 74th Primetime Emmy Awards will air at 8 p.m. EST on NBC.
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accounts, the history behind an article. | https://www.albanyherald.com/entertainment/kenan-thompson-plans-to-keep-the-energy-up-at-the-emmys/article_9dcd360f-e46c-5038-8cb2-cfa7fb266b45.html | 2022-09-07T14:40:55Z |
LIVONIA, Mich., Sept. 6, 2022 /PRNewswire/ -- XanEdu, Inc., a provider of educational content and curriculum services for K-12 and higher education, announces the formation of Scholarus Learning, a premier portfolio of companies that provide products and services across the education value chain. It simultaneously announced the acquisition of PLC Associates, Inc., a provider of training, measurement and advisory materials for K-12 leaders alongside its financial partner, Frontenac, a Chicago-based private equity firm.
XanEdu has been improving learning outcomes since 1999 by delivering curriculum customization and publishing solutions to educators across the K-12 and higher education communities. The 2021 acquisition of Education Elements, a national K-12 consulting firm that takes a personalized approach to address districts' complex questions, and Tripod Education, the nation's leading provider of K-12 classroom level survey assessments, brought a comprehensive suite of services including instructional design, organizational strategy, leadership strategy and survey solutions to the group. Today's acquisition of PLC Associates further enhances the breadth of the portfolio.
PLC Associates is a provider of training and advisory materials for teachers and administrators with a focus on research-based performance benchmarks. "The addition of PLC Associates expands the range and depth of products that we can offer school district leaders, particularly around data collection and professional services. We are thrilled to welcome them to our team," said Chad Bonney, CEO of Scholarus Learning.
In recognition of the growing range of its educational services, the businesses will all operate under the Scholarus Learning umbrella. "The formation of Scholarus Learning is an important step forward in our growth strategy within the education sector as we expand our portfolio of complementary companies that provide industry-leading breadth of products and services," said Michael Langdon, Managing Director, Frontenac.
ABOUT SCHOLARUS LEARNING
Scholarus Learning is a portfolio of companies serving the K-12 and higher education markets. Scholarus offers educators an industry-leading range of products and services in key areas of instructional design and implementation, organizational strategy, leadership strategy, and data collection, as well as print and digital curriculum customization and courseware solutions. The Scholarus Learning portfolio includes XanEdu Publishing, Education Elements, Tripod and PLC Associates. Together, Scholarus companies serve more than 1,800 schools in over 350 districts along with thousands of colleges and universities. We touch the lives of more than 2 million students each year through our professional services, data analytics, and custom curriculum publishing and distribution. For more information, please visit http://scholarus.com to learn more.
ABOUT XANEDU
XanEdu has been increasing student engagement and improving learning outcomes since 1999. Our experts partner with educators on each unique project to build and deliver engaging print and digital custom solutions and courseware content that addresses curriculum gaps and key initiatives for K-12 and Higher Education leaders while maintaining our commitment to affordability and accessibility for all learners. XanEdu is a privately held company headquartered in Livonia, MI. Please visit http://xanedu.com to learn more.
ABOUT PLC ASSOCIATES
PLC Associates, Inc. supports schools in achieving outstanding outcomes and building capacity in a systems approach that leads to sustained results. Their innovative and comprehensive offerings provide true "wrap-around support", that is - they stay with each client every step of the way. The core of what makes PLC Associates successful are its Signature Programs and proprietary models, tailored to the needs of each school/district. Please visit http://plcassociates.com to learn more.
ABOUT EDUCATION ELEMENTS
Education Elements works with districts to build and support dynamic school systems that meet the needs of every learner, today and tomorrow. Education Elements takes the time to understand the unique challenges school leaders face, and then customize the Education Elements approach for each district. Educations Elements has worked with hundreds of districts across the country. They bring deep expertise, design thinking, expert facilitation, and the spirit of collaboration, along with their extensive toolkit of resources and technology, to deliver sustainable results. Please visit https://www.edelements.com to learn more.
ABOUT TRIPOD EDUCATION
Tripod is the nation's leading provider of classroom-level student survey assessments for K-12 education. Tripod's research and analytics deliver valuable insights about teaching practices, student engagement, and school climate. Tripod uses a database of millions of survey responses to calibrate results against broadly anchored norms, and the Tripod reporting platform presents engaging feedback for educators to promote school improvement and professional learning. Please visit https://tripoded.com/ to learn more.
ABOUT FRONTENAC
Frontenac is a Chicago-based private equity firm. The firm focuses on investing in lower middle market buyout transactions in the consumer, industrial, and services industries. Frontenac works in partnership with established operating leaders, through an executive-centric approach called CEO1ST, which seeks to identify, acquire, and build market-leading companies through transformational acquisitions and operational excellence. Over the last 50 years, Frontenac has built a leading franchise working with over 275 owners of mid-sized businesses as they address complex transition issues of liquidity, management enhancement, and growth planning. For more information, please visit https://www.frontenac.com/.
Contact:
Joyce Mueller
Vice President of Marketing
jmueller@xanedu.com
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SOURCE XanEdu Publishing, Inc. | https://www.kxii.com/prnewswire/2022/09/06/xanedu-announces-formation-scholarus-learning-acquisition-plc-associates/ | 2022-09-06T19:07:40Z |
LOS ANGELES, July 26, 2022 /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Yext, Inc. ("Yext" or the "Company") (NYSE: YEXT).
Class Period: March 4, 2021 – March 8, 2022
Lead Plaintiff Deadline: August 16, 2022
If you are a shareholder who suffered a loss, click here to participate.
The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors that: (1) Yext's revenue and earnings were significantly deteriorating because of, inter alia, poor sales execution and performance, as well as COVID-19 related disruptions; (2) accordingly, Yext was unlikely to meet consensus estimates for its full year ("FY") fiscal 2022 financial results and fiscal 2023 outlook; and (3) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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SOURCE The Law Offices of Frank R. Cruz, Los Angeles | https://www.wibw.com/prnewswire/2022/07/26/yext-investors-have-opportunity-lead-yext-inc-securities-fraud-lawsuit/ | 2022-07-26T18:17:14Z |
WIMBLEDON, England (AP) — Roger Federer did make his way to Wimbledon this year, after all — not to compete, mind you, but to take part in a ceremony marking the centenary of Centre Court on Sunday — and declared his intention to try to return in 2023 with a racket in hand.
“Just tried to be successful here and represent the sport well. I hope I did that,” said Federer, who won a men’s-record eight of his 20 Grand Slam titles at the All England Club and was greeted with a standing ovation. “And I hope I can come back … one more time.”
Instead of the mandatory all-white playing uniform, Federer wore a dark suit and tie, his purple Wimbledon member’s badge pinned to a jacket lapel. The Swiss star, who turns 41 on Aug. 8 and has been sidelined for a year by knee problems, was among more than two dozen winners of singles championships at the grass-court tournament who appeared in the main stadium during a 35-minute tribute to a stadium that opened in 1922.
“I’ve been lucky enough to play a lot of matches on this court. Feels awkward to be here today in a different type of role,” said Federer, who had participated in every Wimbledon since his main-draw debut in 1999. “But it’s great to be here with … all the other champions. This court has given me my biggest wins, my biggest losses.”
His last match anywhere came on July 7, 2021, when he lost at Centre Court in the quarterfinals to Hubert Hurkacz 6-3, 7-6 (4), 6-0. Soon after, Federer had surgery to repair damage to his meniscus and cartilage in his right knee — his third operation on that knee in a span of 1 1/2 years.
Federer has said he plans to return to tournament action at the Swiss Indoors in October.
“Of course I’ve missed being here. I would have loved to be here. I knew walking out here last year, it was going to be a tough year ahead. Maybe didn’t think it was going to take me this long to come back. But the knee has been rough on me,” he told the crowd. “I didn’t know if I should make the trip, but I’m happy standing right here, right now.”
The whole scene was, in some respects, an infomercial for the Grand Slam event itself.
There were gauzy videos — three in all — quips from co-hosts Sue Barker and John McEnroe, performances by Cliff Richard, who used to help kill time by singing during rain delays (a thing of the past, now that Centre Court and No. 1 Court are outfitted with retractable roofs), and Freya Ridings, who sang the 2017 ballad “Lost Without You” while accompanying herself on a white piano placed on the grass near some front-row seats.
Past champions on hand included some still in the brackets this year, such as Novak Djokovic, Rafael Nadal and Simona Halep in singles, and Venus Williams in mixed doubles.
When it was his turn with the microphone, Djokovic joked: “Gosh, I feel more nervous than when I’m playing.”
The six-time winner was scheduled to be be out there on Centre Court in the fourth round later, which was unusual in its own right: This is the first time in history that the tournament was scheduled as a 14-day event, with play planned for the middle Sunday. Previously, that was set aside as a day off, and only on four occasions — in 1991, 1997, 2004 and 2016 — did a backlog of matches created by too much rain lead organizers to add matches on that Sunday.
Andy Murray, whose 2013 Wimbledon singles trophy was the first for a British man in 77 years, Angelique Kerber and Petra Kvitova were other active players present. And there were big names from yesteryear, too, of course: Billie Jean King, Rod Laver, Chris Evert, Bjorn Borg — he and McEnroe, fierce rivals in the 1980s, hugged each other — Stefan Edberg and Goran Ivanisevic.
Also listed by the club as attending: the son of Leslie Godfree, who delivered the first serve in the first match at Centre Court in 1922, and the grandson of Algernon Kingscote, Godfree’s opponent that day.
Absent were three of the winningest players in tournament history: Martina Navratilova (who tested positive for COVID-19 and wrote on Twitter she was “gutted” to miss the occasion), Serena Williams and Pete Sampras. Navratilova’s nine singles championships are a Wimbledon record; Williams, who lost in the first round last week, and Sampras, who retired in 2002, each won it seven times.
___
More AP Wimbledon coverage: https://apnews.com/hub/wimbledon and https://apnews.com/hub/tennis and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/roger-federer-hopes-to-play-one-more-time-at-wimbledon/ | 2022-07-04T12:50:24Z |
FORT LAUDERDALE, Fla., May 31, 2022 /PRNewswire/ -- Wi-Fiber, a smart network infrastructure provider and winner of the prestigious Smart 50 International Smart City Award, is partnering with Lux Speed to provide an end-to-end connectivity solution. Both companies are experiencing rapid expansion across the nation, with their respective enhanced fiber capabilities and growing smart city/campus deployments.
Lux Speed, headquartered in Ft. Lauderdale, FL. is a premier provider of fiber to the home and smart infrastructure. The partnership will allow Wi-Fiber to deepen its current capabilities with universities, cities, and multi-dwelling unit communities.
"The possibilities are endless", said Adair Grover, CEO of Wi-Fiber, "combining our technology with their world-class fiber infrastructure and design will allow our organization to systematically improve student experience, creating real smart cities that can extend to your individual residency, and eliminating the inadequacy of traditional cable providers. Partnering with Lux Speed truly provides a complete solution."
Michael Bertamini, CEO of Lux Speed stated: "Wi-Fiber is well known for its advanced technology and critical thinking to resolve technological constraints. We are honored to support their efforts and find ways to take their advanced AI and bring that to our client base as well. Lux Speed will continue to only partner with best of breed solution and technology providers like Wi-Fiber"
This marks another premier organization added to Lux Speed's partnerships and a major win for the Wi-Fiber team. Both organizations look forward to continuing to offer their customers the best experience in the market.
CONTACT: Shelby Sisler Fenton, ssisler@luxspeed.io
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SOURCE Lux Speed | https://www.mysuncoast.com/prnewswire/2022/05/31/wi-fiber-announces-partnership-with-lux-speed-complete-smart-connectivity-solution/ | 2022-05-31T15:18:51Z |
LOS ANGELES (AP) — Jon Batiste is still putting in some Grammy work: The multi-talented performer will kick off a series geared toward public and educational programs in New York City next month.
The Grammy Museum announced Thursday that Batiste will perform during a series titled “A New York Evening with Jon Batiste.” He’ll hit the stage on June 17 at the New York Public Library for the Performing Arts at Lincoln Center.
Batiste will be the first performer as part of the museum’s six-part series. His performance comes after he collected five trophies including album of the year for “We Are” at the Grammy Awards in April.
The museum will partner with the New York mayor’s office to bring educational programming with two summer sessions. It’ll be free five-day songwriting workshops for students currently enrolled in high school.
New York City Mayor Eric Adams said he’s thrilled about the partnership.
“These efforts align perfectly, not only with our vision to support future musicians who might one day contribute to New York City’s creative economy,” he said in a statement.
The programs will run through the end of this year at various venues in the city. The other five programs and performers will be announced at a later date.
Forty slots will be available for students during the summer sessions, which will be held the weeks of July 11 and July 18. Each week-long session will take place at CUNY Graduate Center and free of charge to students. | https://cw33.com/entertainment-news/ap-entertainment/jon-batiste-kicks-off-grammy-museums-educational-series/ | 2022-05-26T16:30:30Z |
There are lots of classic dishes for Easter dinner: rack or leg of lamb, baked ham, Easter Bread, asparagus sides. But no one wants to miss dessert on a holiday, so make it a good one!
Carrots often make an appearance at Easter in some guise, often as a side dish. Maybe it’s a curtsy to the Easter bunny. Here, we take those carrots and turn them into a fairly traditional Easter dessert: carrot cake.
But we turn the carrot cake into cupcakes, with a creamy, tangy, chocolatey frosting, made with milk chocolate, sour cream and cream cheese.
The shredded carrots turn from crunchy to super soft in the baking, adding moisture and providing structure to the cupcakes. Don’t use pre-grated carrots, which can be hard and dry.
The cupcakes are also flavorful and moist thanks to some crushed pineapple (in juice, please, not syrup) and melted butter. If you have time, mince fresh pineapple instead of using canned. Chop it well so it fully blends into the batter.
The raisins and nuts are optional; check with your guests to see if they have any nut allergies. If you skip both of those items, you might get only 10 or 11 cupcakes from the recipe.
Mixing the shredded carrots, raisins and nuts with the dry ingredients coats them and allows them to blend into the wet ingredients evenly. It also prevents them from sinking to the bottom of the cupcakes during baking.
Spray the cupcake liners with nonstick cooking spray so they peel off the cupcakes easily. If you want to make your cupcakes look super Easter-y, pick up some cute Easter themed cupcake liners.
Carrot cupcakes with chocolate cream cheese frosting
Note: Makes 12 cupcakes.
For the cake
1 cup all-purpose flour
1 teaspoon baking powder
1/2 teaspoon baking soda
1 teaspoon ground cinnamon
1/2 teaspoon kosher salt
1 cup finely shredded carrots
1/3 cup raisins (optional)
1/4 cup chopped pecans or walnuts (optional)
1 cup sugar
1/2 cup melted unsalted butter, cooled
2 large eggs
1/2 cup crushed pineapple in juice (not syrup), drained, or well-chopped fresh pineapple
For the chocolate cream cheese frosting
6 ounces milk chocolate chips or chopped milk chocolate
1/2 cup sour cream
4 ounces cream cheese, at room temperature
1 teaspoon pure vanilla extract
1. Preheat the oven to 350 degrees. Line 12 muffin cups with paper liners, and spray them with nonstick spray.
2. In a medium bowl, stir together the flour, baking powder, baking soda, cinnamon and salt in a medium bowl. Add the carrots and raisins and/or nuts, if using, and stir to combine well. In another large bowl, stir together the sugar, butter, eggs and pineapple until well blended. Add the flour in three batches, stirring after each addition just until combined.
3. Scoop the batter into the muffin liners, filling each a generous three-quarters full. Bake until a toothpick or wooden skewer inserted into the middle of a cupcake comes out clean, about 25 minutes. Cool in the muffin pans on a wire rack for 10 minutes, then remove the muffins from the pans and finish cooling on the wire racks.
4. While the cupcakes bake, make the frosting: Place a small saucepan inside a larger saucepan and add water to the larger pan so it comes up about ½ inch around the sides of the smaller pan. Add the chocolate chips to the small pan and heat over medium-high heat, whisking occasionally, until the water is gently simmering and the chips are melted. Stir the sour cream and cream cheese into the chocolate, and continue whisking until the mixture is smooth and blended. Whisk in the vanilla. Allow to cool to room temperature (the frosting will thicken as it cools).
5. When the cupcakes have completely cooled, frost with the cooled frosting.
Editor’s note: For more recipes visit www.tdtnews.com. | https://www.tdtnews.com/life/food/article_4b91b1ce-ba5e-11ec-b788-63f8b1aafd62.html | 2022-04-13T09:48:59Z |
SAN MATEO, Calif., Sept. 7, 2022 /PRNewswire/ -- Today, Speck announced feature-packed slim protective cases for the new iPhone 14 lineup, now in stock at SpeckProducts.com and select retailers. The assortment includes premium Presidio® cases featuring 13-foot drop protection, CandyShell® Pro, an upgraded version of Speck's classic two-layer hardshell, softlined cases, and GemShell® with dual-layer perimeter protection designed to showcase the iPhone.
The entire assortment of Presidio cases are available in both standard and Built for MagSafe® versions. The Built for MagSafe cases bond 38 magnets into a CNC-machined cavity to ensure precise magnetic force. Speck goes to this extreme to ensure that all of its Built for MagSafe cases work perfectly with all Apple MagSafe mounts and accessories. All Speck cases are precision engineered to fit each new iPhone and include ultra-responsive buttons for smooth control. Presidio and CandyShell Pro cases also feature raised rear camera rings and front bezels to provide protection to the front screen and rear camera lenses.
Speck also announced Presidio Perfect-Clear Impact Geometry - Built for MagSafe, featuring a crystal-clear back with either black, blue, pink or purple perimeter rims that are color coordinated with the MagSafe magnets. This unique detail provides iPhone aficionados a new way to coordinate or contrast with the iPhone color that shows through the clear back. Two additional colored MagSafe magnets are new to the Presidio Perfect-Clear line: clear with a silver magnet and clear with a gold magnet and embedded gold glitter.
CandyShell Pro is newly available in vibrant colors including digital pink, spring purple and renew green. An upgrade from Speck's classic CandyShell case, CandyShell Pro is a durable and slim dual-layer case with 8-foot drop protection. It's designed to stay flawless with a scratch-resistant, soft-touch coating that prevents slipping and uses an anti-stretch compound for a precise, no-sag fit. CandyShell Pro and GemShell are slim enough to enable Qi wireless charging.
Speck also announced new ShieldView™ Glass tempered glass screen protectors for all iPhone 14 models, which include Speck's Goof Proof® Installation Kit that makes do-it-yourself application of the screen protector simple. ShieldView Glass for iPhone 14 comes in three versions: crystal clear, low blue light, and privacy screen.
Every Speck case features integrated Microban® antimicrobial product protection that reduces bacteria growth on the case up to 99% to create a cleaner surface.
Speck's full range of cases for iPhone 14, iPhone 14 Plus, iPhone 14 Pro and iPhone 14 Pro Max are below (all prices are MSRP):
- Presidio2 Pro - Built for MagSafe ($49.95) – A super protective yet still pocket-friendly case with soft-touch finish and Armor Cloud™ technology for airbag-like protection.
- Presidio2 Grip - Built for MagSafe ($49.95) – No-slip grips molded into a Presidio2 case with soft-touch finish and Armor Cloud technology for airbag-like protection.
- Presidio Perfect-Clear - Built for MagSafe ($49.95) – The clearest case Speck has ever made. Innovative new materials allow it to stay clear longer while providing protection and durability.
- Presidio Perfect-Clear Glitter - Built for MagSafe ($49.95) – The Presidio Perfect-Clear case with embedded glitter made from glass to prevent signal attenuation while looking fabulous.
- Presidio Perfect-Clear Grips - Built for MagSafe ($49.95) – No-slip grips molded into a Perfect-Clear case using innovative new materials allowing it to stay clear longer while providing protection and durability.
- Presidio Perfect-Clear Impact Geometry - Built for MagSafe ($49.95) – Built with perimeter impact geometry to protect against drops up to 13 feet plus a first: color coordinated MagSafe magnets.
- Presidio Perfect-Clear Ombré - Built for MagSafe ($49.95) – A slim and fashionable clear case with bold ombré design made with fade-resistant compounds.
- Presidio Perfect-Mist - Built for MagSafe ($49.95) – A luxurious soft-touch matte finish with translucent back available in multiple colors for a truly stunning look.
- Presidio Edition - Built for MagSafe ($49.95) – Featuring bold and stylish art prints embedded onto the case to resist fading and scratching.
- CandyShell Pro ($24.95) – Fused polycarbonate hard outer shell with soft inner liner provides two layers of tough protection in a slim, pocket-friendly case.
- GemShell ($24.95) – A slim, clear case with innovative dual-layer perimeter protection designed to showcase the iPhone.
- GemShell Grip ($29.95) – A slim, clear case with molded grips that includes dual-layer perimeter protection.
- GemShell Glitter ($24.95) – A stylish, clear case with embedded glitter made from glass to prevent signal attenuation while looking fabulous.
- GemShell Ombré ($24.95) – Featuring a fade-resistant ombré gradient design that stays vibrant while showing off the beauty of the iPhone.
Speck's Presidio cases are also available in versions that support Qi wireless charging but do not include built-in magnets. CandyShell and GemShell cases are also available in Built for MagSafe versions.
Speck also announced two protective cases for AirPods Pro (2nd generation). Presidio Pro for AirPods Pro is a dual-layer, co-molded case with 360-degree protection. This case is made from an anti-stretch compound with a soft-touch matte finish and features a handy carabiner, as well as Microban product protection. Presidio Perfect-Clear for AirPods Pro is a clear case with 360-degree protection. This case contains a hard clear outer shell and a soft inner clear elastomer and carabiner to keep everything protected while on the go.
Speck cases for the new iPhone 14 lineup and other accessories are available now at SpeckProducts.com and select retailers.
Since 2001, Speck has been creating award-winning products to help people discover the magic in their tech devices. Each Speck accessory is created to make the devices they're designed for more fun to use and feel better to own. Our mission at Speck is to inspire play with technology, making every day a bit more fun. We're located in Silicon Valley, where big ideas are transformed into life-enhancing products and experiences. The Speck community and our local environment inspire us to spark play in everything we do.
Presidio, Perfect-Clear, CandyShell, GemShell and Armor Cloud are either registered or unregistered trademarks of Speculative Product Design, LLC. All other trademarks are the property of their respective owners.
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SOURCE Speck Products | https://www.kxii.com/prnewswire/2022/09/08/speck-announces-new-line-iphone-14-cases-available-now/ | 2022-09-08T03:02:08Z |
INDIANAPOLIS, May 4, 2022 /PRNewswire/ -- Thompson Thrift, a full-service nationally recognized real estate company, announced today that Daniel R. Sink will be joining the company as chief financial officer for Thompson Thrift Development. In his new role, Sink will oversee the finance, accounting, capital markets, tax and IT areas and will also be involved as part of the executive team to help develop and execute on the overall strategy to operate and expand the business.
"We are honored to have Dan join the Thompson Thrift team," stated Paul Thrift, Thompson Thrift's CEO. "Dan has earned a reputation as a 'hands on' leader and an excellent collaborator. He is well-equipped to work with our senior executive team as we continue our focus on delivering long-term value across our portfolio of multifamily and commercial developments."
Sink brings 33 years of experience in various aspects of the real estate and construction industries to Thompson Thrift. Recently, he was the CEO for a $1.3 billion investment and development company focused primarily on lodging and office projects in the Cincinnati area. Prior to that, Sink spent almost 19 years as executive vice president and CFO for Kite Realty Group, an Indianapolis-based REIT. During his tenure he helped lead the company through its initial public offering in 2004, the timely closing of a $2 billion merger, and aided in positioning the company to achieve investment-grade ratings from Moody's and S&P. Sink is also a CPA and has 11 years of public accounting experience specializing in construction/real estate tax.
Sink takes the reins from longtime CFO Ken Howell, who recently announced that he would step down later this summer after working with the team to ensure a smooth transition.
"I feel grateful joining the successful Thompson Thrift team," said Sink. "Having played a leadership role in similar business situations and industries, I am confident that we can develop and execute plans that will further the rapid growth the company has experienced in recent years. I'm thrilled that we have such a bright future together."
Sink has served on various boards, including Goodwill of Central and Southern Indiana, Juvenile Diabetes Research Foundation and School on Wheels. He is a graduate of Indiana University with a bachelor's in accounting.
About Thompson Thrift Real Estate Company
Thompson Thrift is an integrated full-service real estate company with offices in Indianapolis and Terre Haute, Indiana, Houston and Phoenix. Three business units drive Thompson Thrift's success—Thompson Thrift Residential which is focused on upscale Class A multifamily communities and luxury leased homes, Thompson Thrift Commercial which is focused on ground-up commercial development, and Thompson Thrift Construction, a full-service construction company. Through these business units, Thompson Thrift is engaged in all aspects of acquisition, development, construction, leasing, and management of quality multifamily, mixed-use, retail, industrial and commercial projects across the country. We are passionate about our customer's success and strive to ensure our projects not only meet the needs of our customers but also the communities we serve. For more information, please visit www.thompsonthrift.com
Contact:
Jennifer Franklin
Spotlight Marketing Communications
949.427.1385
jennifer@spotlightmarcom.com
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SOURCE Thompson Thrift | https://www.mysuncoast.com/prnewswire/2022/05/04/thompson-thrift-development-appoints-daniel-sink-chief-financial-officer/ | 2022-05-04T12:58:32Z |
New RDAC will help educate the public, medical professionals, and government officials about rare diseases and identify solutions to improves the lives of those living with rare diseases
DENVER, June 9, 2022 /PRNewswire/ -- Today, Governor Jared Polis signed Senate Bill 186 (SB 186) into law to create a Rare Disease Advisory Council (RDAC), making Colorado the 10th state to establish an RDAC since the start of 2021.
SB 186 establishes the Colorado RDAC which will be made up of a diverse group of rare disease stakeholders including patients, caregivers, health care providers, and researchers. Their expertise will be an asset to the entire state of Colorado to educate the public, state agencies, and the General Assembly about rare diseases and make policy recommendations to improve patient access to critical health care services.
"Thank you to the bill sponsors, stakeholders, and everyone in the rare disease community for helping to establish a Rare Disease Advisory Council here in Colorado. This RDAC will have a positive impact in making meaningful improvements to the everyday lives of families like mine. I'm excited about the future and optimistic we can fight rare disease together with this council," said Nick Kirchhof, the National Organization for Rare Disorders (NORD) Colorado Rare Action Network Volunteer State Ambassador.
Any condition that affects fewer than 200,000 Americans is considered rare. There are more than 7,000 known rare diseases, affecting 25-30 million Americans across a broad spectrum of medical conditions. NORD established Project RDAC in 2020 to increase the number of RDACs across the country and help optimize existing RDACs to help better meet the complex needs of the rare disease community. Including Colorado, a total of 24 states have signed legislation into law creating a Rare Disease Advisory Council.
"NORD is proud to work alongside patient advocates, families, and lawmakers in Colorado to elevate the voices of the local rare community and ensure they have access to the support and services they need to thrive. People with rare diseases face many challenges, including delays in obtaining an accurate diagnosis, finding a health care provider with expertise in their condition, and a lack of affordable access to therapies – and an RDAC can help address those needs," said Heidi Ross, NORD Vice President, Policy and Regulatory Affairs.
For more information on NORD's Project RDAC, visit https://rarediseases.org/projectrdac/. To learn more about NORD's policy work, visit: http://bit.ly/Policy-Issues.
The National Organization for Rare Disorders (NORD) is the leading independent advocacy organization representing all patients and families affected by rare diseases in the United States. NORD began as a small group of patient advocates that formed a coalition to unify and mobilize support to pass the Orphan Drug Act of 1983. Since then, the organization has led the way in voicing the needs of the rare disease community, driving supportive policies, furthering education, advancing medical research, and providing patient and family services for those who need them most. Together with over 300 disease-specific member organizations, more than 17,000 Rare Action Network advocates across all 50 states, and national and global partners, NORD delivers on its mission to improve the lives of those impacted by rare diseases. Visit rarediseases.org.
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SOURCE National Organization for Rare Disorders (NORD) | https://www.mysuncoast.com/prnewswire/2022/06/09/colorado-becomes-24th-state-establish-rare-disease-advisory-council/ | 2022-06-09T20:12:50Z |
ATLANTA — The portrait of Carol W. Hunstein, former Chief Justice of the Supreme Court of Georgia, will be presented in a special ceremony on Thursday at 2 p.m. in the Supreme Court courtroom.
Hunstein was appointed to the Supreme Court in 1992 by then-Gov. Zell Miller. She served as Chief Justice from 2009-2013 and retired from the bench in 2018. Prior to her appointment to the state’s highest court, Hunstein served as a judge on the Stone Mountain Judicial Circuit Superior Court and also worked in private practice.
Through an unusual turn of events, Hunstein became the first judge in Georgia history to serve as a Chief Justice of the Supreme Court before becoming a permanent member of the court. While a Superior Court judge, she was named president of the Council of Superior Court Judges. And in 1991, all seven of the sitting Justices at the time recused themselves and designated seven Superior Court judges to hear and decide a case. Justice Hunstein, as president of the Council, served by designation as Chief Justice.
Hunstein’s adult children and young grandchildren will unveil the portrait during the special session, and current Chief Justice David E. Nahmias will formally accept the portrait on behalf of the Court. The portrait was painted by artist Larry Bishop of Birmingham, Ala.
Albany and Dougherty County officials welcomed a new fire tanker to the fleet of trucks available for firefighting duties. Tanker 8 will be stationed at the Newton Road fire station. The county, which contracts with the city for fire protection in unincorporated areas, purchased the tanker t… Click for more.
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accounts, the history behind an article. | https://www.albanyherald.com/news/portrait-of-former-chief-justice-of-georgia-supreme-court-to-be-unveiled/article_2ef3e966-eb40-11ec-a2f7-1fe9fe7edfd9.html | 2022-06-14T03:16:25Z |
Dr. Van Blarcom brings 15 years' experience as a leader in cell therapy research and scientific operations to advance development of Kyverna's Treg and CAR T platforms for autoimmunity
EMERYVILLE, Calif., Aug. 23, 2022 /PRNewswire/ -- Kyverna Therapeutics ("Kyverna"), a cell therapy company engineering a new class of therapies for serious autoimmune diseases, today announced the appointment of Tom Van Blarcom, Ph.D., as Senior Vice President and Head of Research. Dr. Van Blarcom has 15 years of biopharmaceutical industry experience leading research teams which have contributed to multiple chimeric antigen receptor (CAR) T cells and bispecific antibodies currently under clinical evaluation. He replaces Kyverna's scientific co-founder Jeffrey Greve, Ph.D., who served as Chief Scientific Officer since the Company's inception in 2018.
"We are excited to welcome Tom to the Kyverna team. His broad experience in cell therapy research across a wide range of diseases will be invaluable in supporting our work developing engineered T-cell therapies for the treatment of autoimmune diseases," said Dominic Borie, M.D., Ph.D., President and CEO of Kyverna. "Tom's leadership and extensive industry experience will be a critical pillar of our company as we advance our Regulatory T cell (Treg) platform and CAR T programs to achieve our mission of bringing curative living medicines to life to free patients from the siege of autoimmune disease.
"On behalf of the entire Kyverna team, I want to thank Jeff for his expertise and leadership in helping build Kyverna's transformative Treg platform and establishing an outstanding scientific team," added Dr. Borie.
"Joining Kyverna is an opportunity to partner with a talented management team and help build an innovative company focused on revolutionizing how we treat serious autoimmune and inflammatory diseases. I am thrilled to apply my experience in cell therapy research toward making new modalities that can potentially cure severe immune-related diseases and change the lives of patients living with autoimmune diseases," said Dr. Van Blarcom.
Dr. Van Blarcom joins Kyverna from Allogene Therapeutics where he most recently served as Executive Director, Head of Protein Engineering and Research Operation; he joined Allogene shortly after the company acquired the allogeneic cell therapy assets from Pfizer. In this role, he contributed to developing the scientific strategy, led cross-functional teams responsible for execution, and oversaw scientific operations. Dr. Van Blarcom also built the Protein Engineering Department that is responsible for protein sciences and technology development and led to co-inventorship on more than fifteen of Allogene's pending or issued patents. Prior to Allogene, Dr. Van Blarcom held several roles of increasing responsibility at Pfizer and was involved in their initial work on allogeneic CAR T cells that is now part of Allogene. He also spent time at Amgen where he began his industry career. His work has resulted in more than twenty peer-reviewed publications. Dr. Van Blarcom received his Ph.D. in chemical engineering from the University of Texas at Austin and a B.S. in chemical engineering from North Carolina State University.
About Kyverna Therapeutics
Kyverna Therapeutics is a cell therapy company engineering a new class of therapies for autoimmune and inflammatory diseases. The Kyverna therapeutic platform combines advanced T-cell engineering and synthetic biology technologies to suppress and eliminate the autoreactive immune cells at the origin of autoimmune and inflammatory diseases. In addition to developing next-generation chimeric antigen receptor T-cell (CAR T) therapies in both autologous and allogeneic settings, Kyverna is creating synReg T cells, a synthetic version of Regulatory T cells (Tregs), powerful natural immune cells that control immune homeostasis through multiple immunosuppressive mechanisms. By offering more than one mechanism for taming autoimmunity, Kyverna is positioned to transform how autoimmune diseases are treated. For more information, please visit https://kyvernatx.com.
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SOURCE Kyverna Therapeutics | https://www.kxii.com/prnewswire/2022/08/23/kyverna-therapeutics-names-cell-therapy-expert-tom-van-blarcom-phd-senior-vice-president-head-research/ | 2022-08-23T12:12:48Z |
GUELPH, ON, Aug. 1, 2022 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced that it has continued from the corporate jurisdiction under the laws of the province of British Columbia to the corporate jurisdiction under the laws of the province of Ontario pursuant to the Business Corporations Act (Ontario) as of July 29, 2022 (the "Continuance"). The Continuance was approved by a special resolution of shareholders at the Company's annual and special meeting held on June 22, 2022.
No action will be required by existing shareholders with respect to the Continuance.
About Canadian Solar Inc.
Canadian Solar was founded in 2001 in Canada and is one of the world's largest solar technology and renewable energy companies. It is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery storage solutions, and developer of utility-scale solar power and battery storage projects with a geographically diversified pipeline in various stages of development. Over the past 21 years, Canadian Solar has successfully delivered around 71 GW of premium-quality, solar photovoltaic modules to customers across the world. Likewise, since entering the project development business in 2010, Canadian Solar has developed, built and connected over 6.6 GWp in over 20 countries across the world. Currently, the Company has around 800 MWp of solar projects in operation, 5.3 GWp of projects under construction or in backlog (late-stage), and an additional 18.5 GWp of projects in pipeline (mid- to early-stage). Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.
Safe Harbor/Forward-Looking Statements
Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business, regulatory and economic conditions and the state of the solar and battery storage market and industry; geopolitical tensions and conflicts, including impasses, sanctions and export controls; volatility, uncertainty, delays and disruptions related to the COVID-19 pandemic; supply chain disruptions; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets, such as Japan, the U.S., China, Brazil and India; changes in effective tax rates; changes in customer order patterns; changes in product mix; changes in corporate responsibility, especially environmental, social and governance ("ESG") requirements; capacity utilization; level of competition; pricing pressure and declines in or failure to timely adjust average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; continued success in technological innovations and delivery of products with the features that customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange and inflation rate fluctuations; uncertainties related to the CSI Solar carve-out listing; litigation and other risks as described in the Company's filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 28, 2022. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.
Canadian Solar Inc. Investor Relations Contacts
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SOURCE Canadian Solar Inc. | https://www.mysuncoast.com/prnewswire/2022/08/01/canadian-solar-inc-completes-its-continuance-jurisdiction-british-columbia-jurisdiction-ontario/ | 2022-08-01T12:25:42Z |
You can now buy a Picasso from Ruth Bader Ginsburg’s private collection
Zoe Sottile, CNN
It’s not just a screen print by the German artist Josef Albers.
It’s a screen print by the German artist Josef Albers once owned by late Supreme Court Justice Ruth Bader Ginsburg.
And now fans of the justice, who was nicknamed RBG and died in 2020 at the age of 87, can bid on the Albers screenprint and other unique works of art from her personal collection.
The lot features pieces from Ginsburg’s extensive private holdings, including ceramics and drawings made by Pablo Picasso, bronze sculptures by Glenna Goodacre, and the screen print by Albers. The collection also includes a number of pieces by Native American and Indigenous artists, like a tile made by Alaska native Ed Mighell and a sculpture by the Inuit artist Anita Issaluk.
The sale is being administered by The Potomack Company, an auction house based in Alexandria, Virginia.
The Potomack Company is also auctioning off personal items from Ginsburg’s Watergate home and chambers, such as a mink coat and her National Women’s Hall of Fame medal from 2002.
Proceeds from the auction will benefit the Washington National Opera at the Kennedy Center, according to The Potomack Company. The late Justice maintained a passion for opera throughout her life, even appearing onstage in cameo roles at the Washington National Opera.
“We remember Ruth Bader Ginsburg: a steadfast patron, a cherished critic, a supernumerary worthy of standing ovations, and our greatest advocate,” wrote the Washington National Opera on its website after her death.
If the previous sale of books and documents from Ginsburg’s library is any indication, this auction will be a success: Items from Ginsburg’s library were auctioned for a total of $2.3 million in January.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/2022/04/16/you-can-now-buy-a-picasso-from-ruth-bader-ginsburgs-private-collection/ | 2022-04-16T18:46:53Z |
KAMPALA, Uganda (AP) — Africa is seeing a surge of outbreaks of preventable diseases as a result of disruptions caused by the coronavirus pandemic, the World Health Organization said on Thursday.
The continent recorded a 400% increase in measles, to more than 17,000 cases between January and March, compared to the same period last year, Dr. Benido Impouma, a WHO expert in Africa, told a press briefing.
Two years of disruptions by the coronavirus pandemic have had “major effects on the provision of routine health services, with immunization being seriously affected” in many countries, he said.
Twenty-four countries confirmed outbreaks of polio last year, four times more than in 2020. Last year 13 countries reported new outbreaks of yellow fever, rising from nine in 2020 and three in 2019, according to WHO figures.
“The rise in outbreaks of other vaccine-preventable diseases is a warning sign,” Dr. Matshidiso Moeti, the WHO regional director for Africa, said in a statement. “As Africa works hard to defeat COVID-19, we must not forget other health threats. Health systems could be severely strained not only by COVID-19 but by other diseases.”
The continent of 1.3 billion people has reported 11.4 million COVID-19 cases, including 252,000 deaths, according to figures from the Africa Centers for Disease Control and Prevention.
Although the virus had been trending downwards since January, the WHO reported a rise in cases Thursday driven by a doubling of infection rates in South Africa, the African country most affected by the pandemic.
Impouma, the WHO official, said that in the wake of the pandemic the agency seeks to support countries to scale up COVID-19 vaccinations as well as routine immunization services.
“The same is true for routine immunization as for COVID,” said Helen Rees, executive director of a reproductive health and HIV institute at South Africa’s University of the Witwatersrand. “There is the direct health … problem, but there’s this spinoff in terms of adversely affecting poor development and contributing to poverty, which is absolutely critical for our region.”
___
Follow AP’s pandemic coverage at https://apnews.com/hub/coronavirus-pandemic | https://cw33.com/health/ap-health/africa-sees-rise-in-measles-as-pandemic-disrupts-vaccines/ | 2022-04-29T07:04:07Z |
Grayson County celebrates Pride Month
SHERMAN, Texas (KXII) -On June 11, Grayson County’s held their 3rd pride fest at the Pecan Grove Park-West.
“It lets people know that there’s other people in the community that you can feel safe around”, says Core Volunteer, Brea Girardi.
The event ran from 10 a.m. to 5 p.m.
“We’re just going to celebrate and do everything we need to do, to be visible for the community”, adds Girardi.
At Pride, there were food vendors, shopping booths, and entertainment.
But most importantly, “they’re just going to feel a whole lot of love”, says Grayson County Pride Vice President Kodi Miller.
While June celebrates Pride month, Grayson County Pride ensures the community feels love and acceptance all year round.
“We provide resources throughout the year for our local LGBTQ+ community and we’ve also extended to surrounding areas, all of Texoma including Southern Oklahoma’', says Miller.
And Miller says these resources are essential to the youth.
“We also have social events throughout the year, including a lot of youth events so that the kids in this area know that there’s other kids like them and they can get together in fellowship with them”, adds Miller.
Copyright 2022 KXII. All rights reserved. | https://www.kxii.com/2022/06/11/grayson-county-celebrates-pride-month/ | 2022-06-11T20:29:50Z |
LOS ANGELES, Sept. 7, 2022 /PRNewswire/ -- B. Riley Securities, Inc., a leading full service investment bank and subsidiary of B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley"), today announced it will host its second annual Crypto Conference on Thursday, September 29, 2022 in New York.
B. Riley Securities 2nd Annual Crypto Conference: Miners + Web3 + DeFi will feature public and privately held companies across the digital asset chain in a forum designed for maximum knowledge sharing. Executive management teams from leading operators across blockchain infrastructure, computing, crypto exchanges, decentralized finance (DeFi), hosting, mining, staking and Web3 will engage in-person with investors to provide insight into the next phase of growth for this evolving asset class.
"Our annual Crypto Conference highlights our firm's multidisciplinary approach in serving stakeholders across the crypto economy with each of our participants representing a different angle of the evolving digital asset chain," said Andy Moore, CEO of B. Riley Securities. "Our event aims to serve as a rich forum for institutional investors to gain insight into this ascending asset class directly from leading operators."
Conference highlights include a series of fireside chats moderated by B. Riley's award winning equity research team. Corporate management teams will be available for one-on-one and small group meetings with institutional investors.
Early confirmed participants include:*
Participation is by invitation only and is reserved for clients of B. Riley. Interested participants may contact their B. Riley representative for more information or email conference@brileyfin.com.
B. Riley Securities serves more than 1,100 institutional investors and has become one of the largest underwriters for crypto-related businesses, raising hundreds of millions of dollars for such companies since 2021. To learn more about B. Riley Securities, visit www.brileysecurities.com.
B. Riley Securities provides a full suite of investment banking, corporate finance, advisory, research, and sales and trading services. Investment banking services include initial, secondary and follow-on offerings, institutional private placements, merger and acquisition (M&A) advisory, SPACs, corporate restructuring and recapitalization. B. Riley is nationally recognized and highly ranked for its proprietary small-cap equity research. The firm is a wholly owned subsidiary of B. Riley Financial. Please see www.brileyfin.com/disclosures for disclosures about B. Riley Securities Research.
B. Riley Financial is a diversified financial services platform that delivers tailored solutions to meet the strategic, operational, and capital needs of its clients and partners. B. Riley leverages cross-platform expertise to provide clients with full service, collaborative solutions at every stage of the business life cycle. Through its affiliated subsidiaries, B. Riley provides end-to-end, collaborative financial services across investment banking, institutional brokerage, private wealth and investment management, financial consulting, corporate restructuring, operations management, risk and compliance, due diligence, forensic accounting, litigation support, appraisal and valuation, auction, and liquidation services. B. Riley opportunistically invests to benefit its shareholders, and certain registered affiliates originate and underwrite senior secured loans for asset-rich companies. B. Riley refers to B. Riley Financial, Inc. and/or one or more of its subsidiaries or affiliates. For more information, please visit www.brileyfin.com.
Contacts
Media Inquiries
Jo Anne McCusker
press@brileyfin.com
(646) 885-5425
Event Inquiries
Jolene Glasser
conference@brileyfin.com
(818) 746-9524
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SOURCE B. Riley Financial | https://www.mysuncoast.com/prnewswire/2022/09/07/b-riley-host-second-annual-crypto-conference-september-29-2022-new-york/ | 2022-09-07T20:56:55Z |
NEW YORK, Aug. 25, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for DRUG, KPRX, FCEL, ATHX, and NERV.
To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link.
- DRUG: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=DRUG&prnumber=082520226
- KPRX: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=KPRX&prnumber=082520226
- FCEL: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=FCEL&prnumber=082520226
- ATHX: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=ATHX&prnumber=082520226
- NERV: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=NERV&prnumber=082520226
(Note: You may have to copy this link into your browser then press the [ENTER] key.)
InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment.
InvestorsObserver provides patented technology to some of the biggest names on Wall Street and creates world-class investing tools for the self-directed investor on Main Street. We have a wide range of tools to help investors make smarter decisions when investing in stocks or options.
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SOURCE InvestorsObserver | https://www.wibw.com/prnewswire/2022/08/25/thinking-about-buying-stock-bright-minds-biosciences-kiora-pharmaceuticals-fuelcell-energy-athersys-or-minerva-neurosciences/ | 2022-08-25T16:22:56Z |
CHICAGO, June 14, 2022 /PRNewswire/ -- With potentially dangerous heat descending on Illinois, the Citizens Utility Board (CUB) released tips on how residents can keep their homes cool, safe and energy efficient.
"You should never keep your home too hot because you're worried about the electric bill," CUB Executive Director David Kolata said. "There are ways to stay safe and cool without breaking the bank."
The National Weather Service predicted (add info about current weather, heat index). CUB posted the following tips at CUBHelpCenter.com:
- Be safe. Many utilities recommend setting your thermostat at 76-78 degrees when you're at home and awake. When you're asleep or away, you can bump the temperature up a few degrees. Never raise the temperature to an unsafe level.
- Use fans. Fans alone aren't adequate in a heat wave, but they can be used with an air conditioner—so you don't have to blast the AC. Run a ceiling fan counter-clockwise, from your position looking up at it, to create a downdraft, and make sure to turn off your fan when you leave the room. (Fans cool people, not rooms.)
- Avoid hot tasks. Delay heat-producing tasks, such as dishwashing, baking, or laundry, until the cooler night or early morning hours. Consider grilling out, to keep the kitchen from overheating and your AC from over-working. If grilling isn't for you, make meals in the microwave instead.
- Shut it off. Turn off and unplug extra appliances that just produce more heat and make your home hotter (TV, computers, laptops, lights, and gadgets like your phone charger). Consider using a smart power strip for your computer and entertainment systems.
- Weatherize your windows and doors. Prevent hot air from seeping in by sealing the gaps around windows and doors. Shut blinds or shades during the sunny daytime hours to prevent your air conditioner from working harder to cool the home.
- Clean filters. Clean your air conditioning unit's filter at least once every three months. It's an easy way to improve the unit's performance and to save energy.
- Drink plenty of water. Sip about four to eight glasses of fluids a day, but avoid alcohol and caffeine, which promote dehydration.
- Be a good neighbor. Make sure your neighbors have a safe and cool place to stay during hot weather. Illinois has free cooling centers. Many of those are open during business hours, and Tollway Oasis locations are open 24 hours a day. Public libraries and the homes of friends and family also can be cool places of refuge.
Created by the Illinois Legislature, CUB opened its doors in 1984 to represent the interests of residential and small-business utility customers. Since then, the nonprofit utility watchdog group has saved consumers more than $20 billion by helping to block rate hikes and secure refunds. For more details, call CUB's Consumer Hotline, 1-800-669-5556, or visit CUB's award-winning website, www.CitizensUtilityBoard.org.
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SOURCE Citizens Utility Board | https://www.wibw.com/prnewswire/2022/06/14/cub-urges-chicago-residents-stay-safe-cool-during-dangerous-heat/ | 2022-06-14T17:50:32Z |
Pence tells GOP to stop lashing out at FBI over Trump search
MANCHESTER, N.H. (AP) — Former Vice President Mike Pence on Wednesday urged fellow Republicans to stop lashing out at the FBI over the search of former President Donald Trump’s Florida home last week.
Speaking in New Hampshire, Pence was asked what went through his mind when he heard about the FBI search of Trump’s Mar-a-Lago home as part of a federal investigation into Trump took classified records from the White House.
Pence, who like Trump is considering a 2024 presidential bid, said he has been troubled by what he called the politicization of the FBI. He also said the Justice Department and Attorney General Merrick Garland should be more transparent about what led authorities to conduct the search.
But Trump’s former vice president also had a message for the GOP.
“I also want to remind my fellow Republicans, we can hold the attorney general accountable for the decision he made without attacking the rank-and-file law enforcement personnel at the FBI,” he said at the Politics & Eggs event at St. Anselm College.
“The Republican Party is the party of law and order,” Pence continued. “Our party stands with the men and women who stand on the thin blue line at the federal and state and local level, and these attacks on the FBI must stop. Calls to defund the FBI are just as wrong as calls to defund the police.”
Law enforcement officials across the country have warned about an increase in threats and the potential for violent attacks on federal agents or buildings by Trump supporters who believe the FBI went too far in investigating the former president.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/08/17/pence-tells-gop-stop-lashing-out-fbi-over-trump-search/ | 2022-08-17T15:16:50Z |
DOWNERS GROVE, Ill., June 16, 2022 /PRNewswire/ -- Roadrunner, a nationwide less-than-truckload (LTL) carrier specializing in long-haul metro-to-metro shipping, today announced that Dave Renfrew, Vice President of Capacity for the company, has been awarded the Industry Recruiting Professional of the Year by Transport Topics.
"This is well deserved recognition for Dave and the team. We've worked hard to create an environment that empowers drivers to succeed," said Roadrunner President Frank Hurst. "Our drivers are everything to us and we are proud of how much progress we have made as partners."
Last year Roadrunner overhauled its driver relationship program to re-emphasize the driver experience, hiring Dave Renfrew in the process. Renfrew's award-winning work has included a focus on recruiting veterans and female drivers, and has resulted in Roadrunner becoming a destination of choice for owner-operators and team drivers.
Roadrunner's unique LTL network enables owner-operator truck drivers to earn industry leading pay nationwide because of the flexibility provided by Roadrunner's model.
"Our mission is empowering entrepreneurs," said Roadrunner Executive Chairman Chris Jamroz. "Our owner-operator partners are true business owners. They are building the American Dream, one mile at a time, and we cherish being their partner in that journey. Thank you to Transport Topics for this recognition. We are going to continue to work tirelessly to find the best drivers who can thrive on our platform."
Emerging as a service-first less-than-truckload (LTL) provider, Roadrunner transformed its operations through new leadership, a new network, and new technologies to provide its customers with exceptional LTL service. Specializing in long-haul, metro-to-metro shipping, Roadrunner has more direct routes between its 32 service centers than its traditional hub and spoke peers, allowing for better service and great value. (PINK: RRTS)
Please visit the following sites to learn more about Roadrunner and how you can join the freight revolution.
To learn more about shipping with Roadrunner: roadrunnerLTL.com
Explore careers in sales, operations, and technology at Roadrunner: roadrunnerLTL.com/careers/work-with-us
To drive for Roadrunner as an Independent Contractor (IC) including Lease-Purchase opportunities: https://run4roadrunner.com/
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SOURCE Roadrunner | https://www.mysuncoast.com/prnewswire/2022/06/16/transport-topics-recognizes-roadrunners-driver-centric-culture-with-industry-recruiting-professional-year-award/ | 2022-06-16T17:18:09Z |
MARTINSVILLE, Va. (AP) — William Byron knew he was in for a big challenge with a two-lap overtime sprint about to start and the very aggressive Joey Logano right behind him.
He also felt like he had a pretty remarkable co-pilot in his corner.
“This one is for my mom,” Byron said. “This same weekend last year she had kind of a mini-stroke and was diagnosed with brain cancer. It means a lot to have her here and it’s been a crazy year. But she’s doing great. I kind of felt like she was riding in there with me.”
Byron took the lead on pit road after Stage 2 stops and held it pretty much the rest of the way at Martinsville Speedway — he led 212 laps — to become the first repeat winner this season in NASCAR’s Cup Series on Saturday night.
Byron needed to hold off a challenge — and a nudge — from Logano on a two-lap overtime sprint to finish it, but won for the fourth time in his career and gave Hendrick Motorsports four victories in eight races this season.
When the final caution, and only the second for an on-track issue of the night, came with five laps to go, Byron and the seven drivers behind him opted to stay out for the final dash.
“I thought everyone behind us would pit, and luckily we stayed out,” he said. “We were aggressive; we felt like we could refire on the tires and be OK, and you’ve got one of the most aggressive guys behind you in Logano.”
Byron had both a fast car that allowed him to pull away on restarts and a strong one on long runs, critical since there wasn’t a caution for anything but the end of a stage until the 311th of 400 laps on the 0.526-mile oval.
That changed when Todd Gilliland had a flat tire and hit the wall with five laps to go. Byron and the top eight cars on the track opted not to pit, with Byron picking the inside lane and Austin Dillon, running second, on the outside.
That gave Logano a prime opportunity to bump the leader out of the way, especially when Dillon spun his tires on the restart. Logano bumped Byron in Turn 2 on the last lap, but Byron held on for his second win of the weekend. He won in the Truck Series on Thursday night, earning him a pair of the raceway’s unique grandfather clock trophies for three days of solid racing.
“Willy kind of messed up off of 4 and let me get to him, and he did a really good job of brake checking into third, right, which is a good job,” Logano said. “He did what he was supposed to do, and kind of got me all stuffed up behind him and I couldn’t accelerate off the corner and be as close as I needed to be.”
Logano was second, followed by Dillon, Ryan Blaney and Ross Chastain.
Dillon appeared to have a car likely to challenge on a long green-flag run, and beat Logano for second on a restart with 80 laps to go, but after Byron pulled away, lapped traffic and consistency helped him build a nearly three-second lead.
The start of the race was delayed by more than an hour when rain and sleet fell on an already frigid night. It got underway with radar suggesting more precipitation was coming, perhaps even some snow, but none materialized.
It all conspired to provide a clean track, and a virtual single-file parade.
Pole-sitter Chase Elliott led the first 185 laps, winning the first and second stages for the fifth time in his career, but lost the lead in the caution stops that followed Stage 2 and had trouble as the night went on. He finished 10th.
QUIRKY
Elliott’s 185 laps led to begin the race matched what Darrell Waltrip did at the start of the 1980 race at Martinsville. Waltrip, though, went on to win.
JGR STRUGGLES
Coming off a victory at Richmond Raceway and to another short track where he leads all active drivers with five wins, any hope Denny Hamlin brought to Martinsville was taken away bit by bit. He qualified 25th, was lapped by Elliott at the end of Stage 1 and made laps in the back of the field and finished 28th.
The rest of the Joe Gibbs Racing stable didn’t fare much better, though Kyle Busch rallied for seventh. Martin Truex Jr., who’d won three of the last five races here, finished 22nd and Christopher Bell was 20th.
UP NEXT
The top series moves to its third straight short track, this time on the dirt at Bristol Motor Speedway next Sunday.
___
More AP auto racing: https://apnews.com/hub/auto-racing and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/martinsville-byron-races-to-nascar-cup-leading-2nd-victory/ | 2022-04-10T19:06:49Z |
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