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Amber Alert issued for 2 children allegedly abducted in Louisiana
MANDEVILLE, La. (WVUE) - A man considered to be armed and dangerous is wanted after abducting two children who were last seen Monday evening in Mandeville, according to Louisiana State Police.
State police have issued an Amber Alert on behalf of the Mandeville Police Department for 2-month-old Amaya Hernandez and 9-year-old Eileen De Leon Ramos, WVUE reports. The Mississippi Bureau of Investigation also issued an Amber Alert for the children.
Police say that Sergio “David” Hernandez abducted the children during a domestic violence incident at a residence on Lafayette Street. They say he stormed out of the residence with the children around 4 p.m.
Hernandez is a 25-year-old Hispanic male with brown eyes and black hair. He is approximately 5′3″ and weighs about 140 pounds. He is believed to be driving a blue 2007 Honda Civic sedan with a Mississippi license plate bearing PNC3279.
Amaya is a 2-month-old Hispanic female with short black hair and brown eyes. She is approximately 22″ tall and weighs about 12 pounds. She was last seen wearing a pink onesie.
Eileen is a 9-year-old Hispanic female with long black hair and brown eyes. She is approximately 3′ tall and weighs about 45 pounds. She was last seen wearing a school uniform, which is a red polo-style shirt and khaki skirt.
Anyone with information as to the whereabouts of Hernandez or the two children should immediately contact the Mandeville Police Department at 985-626-9711 or local law enforcement by dialing 911.
Copyright 2022 WVUE via Gray Media Group, Inc. All rights reserved. | https://www.whsv.com/2022/05/10/amber-alert-issued-2-children-allegedly-abducted-louisiana/ | 2022-05-10T04:59:00Z |
Atlanta rapper Young Thug arrested on RICO, gang charges
ATLANTA (AP) - Rapper Young Thug was one of 28 people indicted Monday in Georgia on conspiracy to violate the state’s RICO act and street gang charges, according to jail records.
The Atlanta rapper, whose name is Jeffrey Lamar Williams, was arrested at his home in Buckhead, an Atlanta neighborhood just north of downtown. He is being held at the Fulton County Jail.
The conspiracy charge dates back to 2013 and the gang charge to 2018, the jail record says.
Young Thug is allegedly one of three founders of the Young Slime Life, “a criminal street gang that started in late 2012″ in Atlanta, the indictment says. YSL is affiliated with the national Bloods gang, officials said. Charges include “Preserving, protecting and enhancing the reputation, power and territory of the enterprise through acts of racketeering activity including murder, assault and threats of violence.”
Young Thug’s lawyer Brian Steel told local media that, “Mr. Williams committed no crime whatsoever” and that he would “fight till his last drop of blood to clear him.”
He will make his first court appearance on Tuesday at 11:30 a.m.
Also indicted on Monday were Atlanta rapper Gunna, whose real name is Sergio Kitchens, and aspiring rapper Christian Eppinger, who was already in jail, accused of shooting an Atlanta Police officer six times in February. It was not immediately known if Gunna, who is accused of conspiracy to violate the state’s RICO act, has been arrested.
In April 2021 Young Thug and Gunna posted bail for 30 low-level inmates who were unable to afford the costs themselves.
Young Thug’s record label has been called YSL Records or Young Stoner Life Records. The label refers to its artists as part of the “Slime Family,” and a compilation album called “Slime Language 2″ hit No. 1 on the charts in April 2021.
Copyright 2022 The Associated Press. All rights reserved. | https://www.whsv.com/2022/05/10/atlanta-rapper-young-thug-arrested-rico-gang-charges/ | 2022-05-10T06:32:00Z |
A pediatric hepatitis outbreak with mysterious origins is continuing to grow.
The Centers for Disease Control and Prevention (CDC) is investigating 5 deaths linked to the outbreak, which includes 109 cases in 24 states and Puerto Rico.
And now, the State Department of Health is reporting a case here in Hawaii.
Many of the infected children required hospitalization, and 8 needed liver transplants.
At Kalihi-Palama Health Center, Pediatrician Michael Walter says Hawaii has a high prevalence for Hepatitis B and C in the Asian American Pacific Islander communities.
Hepatitis B is spread to a newborn if the mother is infected with the virus.
Dr. Walter says experts are exploring whether a type of adenovirus, which causes intestinal symptoms, could be a factor in these new Hepatitis cases.
"It’s hepatitis of unknown cause. So, it’s not really a variant. Hepatitis will present in children with fever, vomiting, diarrhea, jaundice, yellowing of the eyes and the face and abdominal pain."
“Viruses are constantly changing just like we have seen with the coronavirus. They are constantly changing, evolving mutating, so we don’t know if this is due to a mutation or change, in the virus that causes typically a mild intestinal infection in most children, it could have mutated to cause this problem with the liver. "
“So most viruses are spread like a typical cold, thru saliva, droplets and contaminated materials."
The child on Maui was hospitalized for several days with stomach pain and fever at the end of April. The DOH says an extensive medical investigation was performed and they are waiting for lab test results to confirm the cause of that hepatitis case.
Do you have a story idea? Email news tips to CYip@kitv.com
Cynthia is an award-winning journalist who returned to Hawaii as an Anchor/Reporter/MMJ from Houston. She is a graduate of the University of Hawaii with a B.A. and M.B.A. DM her on IG @CynthiaYipTV to share stories. | https://www.kitv.com/news/local/pediatric-hepatitis-cases-including-1-on-maui-alarming-doctors/article_47f07a68-d017-11ec-ad9e-6b7acc9fed15.html | 2022-05-10T06:37:40Z |
As more employees return to the office, they're once again facing pre-pandemic challenges like traffic, dealing with co-workers, and extra costs.
To help deal with that stress, some businesses try to provide more than just a place of employment -- but also one with a better work/life balance.
Coffman Engineers created their brand new office space for more than 70 employees in March of 2019. But it became a ghost town a year later when the pandemic hit.
"At that time we had 66 people working remotely," said Pacific Regional Manager John Thielst.
Remote workers would periodically return to the office, until the company came up with a hybrid schedule last year.
"Two day a week from home and three days in the office," added Thielst.
Everyone comes in on Mondays, then employees set their own schedule for the rest of the week.
"The next 4 days we have the option of working 2 of them from home. We get to choose which ones work for us. For me, I live on the west side of the island. So it is really nice I have that option," stated Senior Project Manager Kimo Unten.
Not only have current employee responded positively to the hybrid schedule, so have prospective ones.
"It is a retention and recruiting tool. In interviews with potential employees that is some of the first questions they ask - what is our work from home policy?" said Thielst.
Working from home may be a more relaxed environment, but employees say it can sometimes lead to more time on a project - as the lines can get blurred over when your work day begins or ends.
The latest technology may also be able to keep employees in touch, it is not the same as sharing office space.
"The thing that I don't get is interaction with co-workers and teammates. When you are working on a project it is so much easier to pop my head over a desk and say let's work on this together. Let's brainstorm this through," added Unten.
Workers are no longer in the office as much, and neither are clients.
That daily interaction hasn't returned to their Honolulu workplace, but pau hana parties and company events have.
"Our philosophy is: work hard play hard. So we like to have a good work life balance," added Thielst.
According to national experts that is important, because a return to the office full time for remote workers can raise stress levels.
A hybrid work schedule gives employees time for their job and for themselves.
"It takes an hour to get into work everyday, so I feel like I gain so much more time back in my day - that I can spend with my family or do things i really enjoy doing outside of work," added Unten. | https://www.kitv.com/news/local/some-see-hybrid-office-work-the-new-normal/article_11010778-d01e-11ec-aab8-afaf346b4972.html | 2022-05-10T06:37:46Z |
O'ahu (KITV4) -- An O'ahu doctor is back home after spending a month helping Ukrainian refugees at the Poland-Ukraine border.
Dr. Irina Crooke with Kaiser Permanente, is originally from Ukraine. She returned home this weekend, after spending the month of April providing medical care and support to those displaced by Russia's war on the country.
Crook said she's amazed by how resilient the people of Ukraine are.
"You have people come in your tent after six, seven hours standing in the cold," she explained. "It was freezing rain for days."
Crook also helped keep a fire burning around the clock on a stove in her tent.
She said it was often the first thing that refugees crossing the border would see.
"They would come just to warm up, and figure out what to do. All these amazing stories. People walking on foot for three days, taking their pets with them, taking their children on hands, helping each other," said Crook.
She joined other volunteers from around the world, including her two children, Nick and Morgan, who helped cook up 30-thousand meals a day, as well as work at a tent that took in women and children.
Despite the heartbreaking conditions, Crook said the silver lining was the overwhelming sense of unity she saw.
"When somebody would cry, another one would help them and hold them," Crook explained. "It was just this demonstration of human qualities and people being united in this. It was amazing."
Crook also helped her mother and sister find a temporary place to stay in France after they were displaced from Ukraine's capitol Kyiv. She said while she's thankful they're safe, they desperately want to go back home.
While Crook plans to return to the frontlines in the future, she plans to act as a remote translator in the meantime, to help train Ukrainian doctors in the medical field.
"A lot of it was people want to talk to someone," she said. "I think I can do that even from here in Hawaii."
Crook says there's still much more that needs to be done, and encourages others to get involved however they can.
Mika is the co-anchor for KITV4 Island News at 5, 6, and 10 p.m.
Since joining KITV4 in 2016, Mika has also served as a multimedia journalist, weather, and traffic anchor. | https://www.kitv.com/news/oahu-physician-returns-home-after-volunteering-at-poland-ukraine-border/article_52cc8c48-d025-11ec-9b95-8bd801d92dc9.html | 2022-05-10T06:37:53Z |
HAYWARD, Calif., May 9, 2022 /PRNewswire/ -- AcelRx Pharmaceuticals, Inc. (Nasdaq: ACRX), a specialty pharmaceutical company, today announced that it will release first quarter financial results before market open on Monday, May 16, 2022. AcelRx management will host a live webcast and conference call at 8:30 a.m. Eastern Time (5:30 a.m. Pacific Time) on May 16, 2022 to discuss the financial results and provide an update on the company's business.
The webcast is accessible by visiting the Investors page of the company's website at www.acelrx.com and clicking on the webcast link on the Investors home page. The webcast will be accompanied by a slide presentation. A webcast replay will be available on the AcelRx website for 90 days following the call by visiting the Investor page of the company's website at www.acelrx.com.
Investors who wish to participate in the conference call may do so by dialing (866) 361-2335 for domestic callers, (855) 669-9657 for Canadian callers, or (412) 902-4204 for international callers.
AcelRx Pharmaceuticals, Inc. is a specialty pharmaceutical company focused on the development and commercialization of innovative therapies for use in medically supervised settings. AcelRx's proprietary, non-invasive sublingual formulation technology delivers sufentanil with consistent pharmacokinetic profiles. The Company has one approved product in the U.S., DSUVIA® (sufentanil sublingual tablet, 30 mcg), known as DZUVEO® in Europe, indicated for the management of acute pain severe enough to require an opioid analgesic for adult patients in certified medically supervised healthcare settings, and several product candidates. The product candidates include: Zalviso® (sufentanil sublingual tablet system, SST system, 15 mcg), an investigational product in the U.S. being developed as an innovatively designed patient-controlled analgesia (PCA) system for reduction of moderate-to-severe acute pain in medically supervised settings; two pre-filled, ready-to-use syringes of ephedrine and phenylephrine licensed for the U.S. from Aguettant; Niyad™, a regional anticoagulant for the extracorporeal circuit; and LTX-608, for the potential treatment of COVID-19, disseminated intravascular coagulation, acute respiratory distress syndrome and acute pancreatitis. DZUVEO and Zalviso are both approved products in Europe.
For additional information about AcelRx, please visit www.acelrx.com.
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SOURCE AcelRx Pharmaceuticals, Inc. | https://www.whsv.com/prnewswire/2022/05/09/acelrx-host-first-quarter-2022-financial-results-call-webcast-may-16-2022/ | 2022-05-10T06:56:46Z |
Afterpay, known as Clearpay in the UK and Europe, to leverage Adyen's local acquiring across key markets
SYDNEY, May 9, 2022 /PRNewswire/ -- Adyen (AMS: ADYEN), the global financial technology platform for leading businesses, today announced it has expanded upon its partnership with one of the leaders in Buy Now, Pay Later (BNPL), Afterpay Limited (ASX: APT). Afterpay is working with Adyen to process payments across key markets including Australia, New Zealand, Canada, Europe, U.S., and the U.K. to support the company's global growth and momentum. Adyen's global reach and focus on enterprise businesses as an acquirer provides Afterpay with the capability needed for its fast growing business.
Adyen and Afterpay began their local payment method partnership in 2018. A number of Adyen's merchants already offer Afterpay's installment payments - including MandM Direct, Revolution Beauty, and Superdry - with more expected to come online. Afterpay, known as Clearpay in the UK and Europe, is now available to Adyen merchants in the UK, France, Italy and Spain.
BNPL payment methods continue to gain global momentum. Globally, 24% of consumers have used BNPL services, with adoption highest in Sweden, Norway, Mexico, France, the USA, and Denmark.
"Holiday season 2021 was the holiday for BNPL - with consumers using Afterpay to pay responsibly for their holiday gifts," said Zahir Khoja, General Manager, Afterpay Global Platform and Partnerships. "Our partnership with Adyen is allowing us to bring a better way to pay to millions of shoppers across multiple regions around the world."
"We are excited to further expand our longstanding partnership with Afterpay to now include local acquiring in key markets. Afterpay is already a household name globally and we are proud to be able to continue to come together, leveraging both our technology and innovation to meet the needs of today's evolving retail landscape," said Roelant Prins, Chief Commercial Officer, Adyen.
About Adyen
Adyen (AMS: ADYEN) is the financial technology platform of choice for leading companies. By providing end-to-end payments capabilities, data-driven insights, and financial products in a single global solution, Adyen helps businesses achieve their ambitions faster. With offices around the world, Adyen works with the likes of Cotton On Group, Nando's, Freelancer.com, Kogan.com, Budgy Smuggler, Movember, Showpo, Rodd & Gunn, and Jurlique. The cooperation with Afterpay as described in this update underlines Adyen's continuous growth with current and new merchants over the years.
About Afterpay Limited
Afterpay is transforming the way we pay by allowing customers to buy products immediately and pay for their purchases over four installments. The service is completely free1 for customers who pay on time - helping people spend responsibly. As of December 31, 2021, Afterpay is offered by more than 122,000 of the world's favorite retailers and more than 19 million active customers have adopted the service.2
Afterpay is currently available in Australia, Canada, New Zealand, the United States and the United Kingdom, France, Italy and Spain, where it is known as Clearpay. Afterpay is on a mission to power an economy in which everyone wins. Afterpay is a wholly owned subsidiary of Block, Inc. (NYSE: SQ).
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SOURCE Adyen Inc. | https://www.whsv.com/prnewswire/2022/05/09/adyen-expands-global-partnership-with-afterpay/ | 2022-05-10T06:56:52Z |
LAVAL, QC, May 9, 2022 /PRNewswire/ - Alimentation Couche-Tard Inc. ("Couche‑Tard" or the "Corporation") (TSX: ATD) announced today that it has established a commercial paper program in the United States (the "US Commercial Paper Program") on a private placement basis.
Under the terms of the US Commercial Paper Program, Couche-Tard may issue, from time to time, unsecured commercial paper notes with maturities not in excess of 397 days from the date of issue (the "Notes"). The aggregate principal amount of Notes outstanding at any one time under the US Commercial Paper Program will not exceed US $2.5 billion. Couche-Tard intends to use the proceeds from the issuance of Notes for general corporate purposes.
The Notes will be senior unsecured obligations of the Corporation and will rank equally and pari passu with all of its current and future senior unsecured and unsubordinated indebtedness. The Notes will be guaranteed on a senior unsecured basis by certain of Couche-Tard's wholly owned subsidiaries who are guarantors under Couche-Tard's senior credit facilities. The Corporation's main revolving credit facility, available for a total amount of US $2,525 million, will serve as a liquidity backstop for the repayment of the Notes issued under the US Commercial Paper Program.
The Notes have not been and will not be qualified for sale to the public under applicable securities laws in Canada and may not be offered or sold to or purchased by any resident of Canada.
The Notes to be offered under the US Commercial Paper Program have not been and will not be registered under the Securities Act of 1933, as amended, or under any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any offer to sell or a solicitation of an offer to buy the Notes in the United States or any jurisdiction where it is unlawful to do so.
Couche-Tard is a global leader in convenience and fuel retail, operating in 26 countries and territories, with more than 14,100 stores, of which approximately 10,800 offer road transportation fuel. With its well-known Couche-Tard and Circle K banners, it is one of the largest independent convenience store operator in the United States and it is a leader in the convenience store industry and road transportation fuel retail in Canada, Scandinavia, the Baltics, as well as in Ireland. It also has an important presence in Poland and Hong Kong SAR. Approximately 124,000 people are employed throughout its network.
For more information on Alimentation Couche-Tard Inc., please visit: https://corpo.couche-tard.com.
Certain statements in this press release may constitute forward looking statements within the meaning of securities legislation, including those with respect to the issuance of the Notes as well as the use of proceeds therefrom. Positive or negative verbs such as "believe", "can", "shall", "intend", "expect", "estimate", "assume" and other related expressions are used to identify such statements. Such statements are based upon the current beliefs and expectations of Couche-Tard and are subject to significant risks and uncertainties outside of Couche-Tard's control. Couche-Tard would like to point out that, by their very nature, forward-looking statements involve risks and uncertainties such that its results, or the measures it adopts, could differ materially from those indicated in or underlying these statements, or could have an impact on the degree of realization of a particular projection. Unless otherwise required by applicable securities laws, Couche-Tard disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking information in this release is based on information available as of the date of the release.
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SOURCE Alimentation Couche-Tard Inc. | https://www.whsv.com/prnewswire/2022/05/09/alimentation-couche-tard-launches-us-commercial-paper-program-us-25-billion/ | 2022-05-10T06:57:00Z |
The iconic mall will host events to inspire 30,000 lifesavers during 30th birthday celebration
MINNEAPOLIS, May 9, 2022 /PRNewswire/ -- Be The Match® and Mall of America are pleased to announce a new year-long campaign to inspire 30,000 lifesavers to take action in support of patients in need of a blood stem cell transplant. The campaign marks a year-long celebration of the mall's 30th birthday, with a focus on giving patients battling blood cancers like leukemia or deadly blood diseases like sickle cell disease, a chance to celebrate more birthdays too.
Mall of America will host four events throughout the year in an effort to help Be The Match secure 30,000 lifesavers by adding more potential donors to the Be The Match Registry, encouraging financial donations and raising awareness. The campaign launch party will be held at the Huntington® Bank Rotunda at Mall of America on Thursday, May 26 and will feature a live performance from Yam Haus—Minneapolis-based indie pop band, recently featured on NBC's American Song Contest.
"For the last three decades, we've seen hundreds of millions of people pass through our doors, and hosted thousands of events that bring people together and raise awareness for good causes," said Jill Renslow, EVP of Business Development and Marketing for Mall of America. "What better way to celebrate our 30th birthday than to help save lives and give more people a chance at celebrating their birthdays. We're thrilled to kick off this year-long partnership with Be the Match and look forward to helping recruit 30,000 lifesavers throughout the year!"
Be The Match is a global leader in the effort to expand access to blood stem cell transplants for children and adults battling blood cancers and blood diseases. Since 1987, the organization has facilitated more than 111,000 transplants and continues to impact more lives every year.
"There are few opportunities for individuals to take action that can directly save a life," said Amy Ronneberg, CEO of Be The Match. "That's the chance we offer donors and our financial supporters who help patients get life-saving blood stem cell transplants. Having a platform as recognizable as Mall of America that supports this cause means our goal of reaching 30,000 lifesavers could impact the lives of thousands of patients in need of a cure – and that is cause to celebrate!"
Be The Match donor and online influencer Lance Pekus, also known as the Cowboy Ninja, will be at the event to raise awareness and share why donation is so important to him.
"I am excited to join Be The Match and Mall of American to inspire 30,000 lifesavers to take action," Pekus said. "I was fortunate enough to be called to donate my blood stem cells to a woman fighting leukemia. I train hard to be a physical competitor, and yet it was amazing that it took so little effort for me to offer hope and a second chance at life for my recipient, Ashley. Today she is cancer free."
You can learn more about the Be The Match and Mall of America partnership and this year's events at BeTheMatch.org/MOA30K.
About Be The Match®
Be The Match® is the leading global partner working to save lives through cellular therapy. With more than 30 years of experience managing the most diverse registry of potential unrelated blood stem cell donors and cord blood units in the world, Be The Match is a proven partner in providing cures to patients with life-threatening blood and marrow cancers and diseases. Through their global network, they connect centers and patients to their best cell therapy options, from blood stem cell transplant to next-generation therapy, and collaborate with cell and gene therapy companies to support therapy development and delivery through Be The Match BioTherapies®. Be The Match is a tireless advocate for the cell therapy community, working with hematologists and oncologists to remove barriers to consultation and treatment and support patients. Learn more at Bethematch.org
About Mall of America
At 5.6 million square feet, Mall of America is the largest shopping and entertainment complex in North America with more than 520 world-class retail stores and restaurants; Nickelodeon Universe, a 7-acre indoor theme park; SEA LIFE Minnesota Aquarium; FlyOver America; and more. The Mall opened in 1992 and is located in Bloomington, Minn., minutes from downtown Minneapolis and St. Paul and adjacent to the MSP International Airport. Follow Mall of America on Facebook, Twitter and Instagram. Download the Mall of America app from the App Store for iOS or Google Play for Android.
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SOURCE Be The Match | https://www.whsv.com/prnewswire/2022/05/09/be-match-mall-america-announce-year-long-partnership/ | 2022-05-10T06:57:07Z |
- Extraordinary General Meeting of BAC's shareholders is scheduled for June 1, 2022, at 10:00 a.m., Eastern Time
- Post-closing company will be renamed "Blade Biotherapeutics, Inc." upon Business Combination closing, with common stock and warrants expected to trade on the Nasdaq Global Market under ticker symbols "BBTX" and "BBTXW"
- Post-closing company has secured up to $75 million in financing under a committed equity facility with an affiliate of Cantor Fitzgerald
NEW YORK and SOUTH SAN FRANCISCO, Calif., May 9, 2022 /PRNewswire/ -- Biotech Acquisition Company (NASDAQ: BIOT) ("BAC"), a publicly traded special purpose acquisition company affiliated with SPRIM Global Investments, and Blade Therapeutics, Inc. ("Blade"), a biopharmaceutical company based in South San Francisco, CA, today announced that the registration statement on Form S-4 (as amended, the "Registration Statement") filed in connection with BAC's and Blade's previously announced proposed business combination (the "Business Combination") has been declared effective by the U.S. Securities and Exchange Commission (the "SEC"). The Registration Statement provides important information about BAC, Blade and the Business Combination.
BAC announced that it will hold an Extraordinary General Meeting of its shareholders (the "Meeting") at 10:00 a.m., Eastern Time, on June 1, 2022, at the offices of Ellenoff Grossman and Schole LLP located at 1345 Avenue of the Americas, 11th Floor, New York, New York, 10105 and virtually via live webcast at https://www.cstproxy.com/biotechacquisition/2022. At the Meeting, BAC's shareholders will be asked to consider and vote upon proposals to approve the Business Combination and related matters. BAC's shareholders of record as of March 28, 2022 (the "Record Date") are eligible to attend and vote at the Meeting.
The Business Combination is expected to close shortly after the Meeting, subject to BAC shareholder approval and the satisfaction or waiver of the conditions in BAC's and Blade's Agreement and Plan of Merger and other customary closing conditions. Upon the closing of the Business Combination, the post-closing company will be renamed "Blade Biotherapeutics, Inc." ("Blade Biotherapeutics") and its common stock and warrants are expected to trade on the Nasdaq Global Market (the "Nasdaq") under the ticker symbols "BBTX" and "BBTXW", respectively. PIPE financing in connection with the Business Combination is being provided by leading institutional investors, including Deerfield Management, Pfizer Ventures, Bristol Myers Squibb, MPM Capital and Osage University Partners.
In contemplation of the closing of the Business Combination, BAC has entered into a committed equity facility with an affiliate of Cantor Fitzgerald (such affiliate, "Cantor"). Under the terms of the committed equity facility, after the Business Combination has closed, Cantor may purchase up to an aggregate of $75 million of post-merger Blade Biotherapeutic's common stock from time to time at the request of Blade Biotherapeutics, on the terms and subject to the conditions set forth in the documentation governing the committed equity facility. This committed equity facility will provide Blade Biotherapeutics with the ability to seek additional capital in the future.
Wendye Robbins, M.D., president and CEO of Blade, commented, "We believe that this facility, combined with our existing PIPE commitments, further strengthens our ability to implement planned clinical development of our differentiated pipeline of oral, small-molecule therapies for the potential treatment of fibrotic and neurodegenerative diseases."
BAC is filing a definitive proxy statement/prospectus relating to the Meeting with the SEC and will mail the definitive proxy statement/prospectus to its shareholders of record as of the Record Date. BAC shareholders who have any questions or who need assistance voting their shares may contact BAC's proxy solicitor, Morrow Sodali LLC, by calling (800) 662-5200 (or banks and brokers can call collect at (203) 658-9400) or by emailing BIOT.info@investor.morrowsodali.com.
Every shareholder's vote is important, regardless of the number of shares held. Shareholders that hold shares in "street name" (i.e., those shareholders whose shares are held of record by a broker, bank or other nominee) should contact their broker, bank or other nominee to ensure that their shares are properly voted.
About Biotech Acquisition Company
Biotech Acquisition Company raised $230 million in its initial public offering in January 2021. BAC's Class A ordinary shares and warrants trade on the Nasdaq Capital Market under the symbols "BIOT" and "BIOTW," respectively. BAC is a blank check company, incorporated as a Cayman Islands exempted company, formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses. BAC believes that a business combination with a company focused on the healthcare sector will complement the background and expertise of SPRIM Global Investments, a global investment firm in the life sciences and healthcare industries, which is an affiliate of BAC and of several members of BAC's management team. BAC is led by Dr. Michael Shleifer, its CEO and chairman.
About Blade Therapeutics
Blade Therapeutics, Inc. is a biopharmaceutical company focused on developing cutting-edge treatments for debilitating, incurable fibrotic and neurodegenerative diseases that impact millions of people worldwide. The company has deep expertise in novel biological pathways – including autotaxin / LPA and calpain biology – that are foundational to cell- and tissue-damage responses associated with fibrotic and neurodegenerative diseases. Blade expects to advance a differentiated pipeline of oral, small-molecule therapies that include a non-competitive autotaxin inhibitor and inhibitors of dimeric calpains designed for the potential treatment of lung, liver and cardiac fibrosis or neurodegenerative diseases. The company's focused approach offers the potential to produce disease-modifying, life-saving therapies. Visit www.blademed.com for more information and follow Blade on LinkedIn.
Additional Information and Where to Find It
This press release relates to a proposed business combination between BAC and Blade (the "Transaction"). This press release does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. In connection with the Transaction, BAC has publicly filed a registration statement on Form S-4 with the U.S. Securities and Exchange Commission (the "SEC"), which includes a preliminary proxy statement/prospectus. Now that the registration statement has been declared effective, BAC will mail the definitive proxy statement/prospectus and a proxy card to each shareholder of BAC as of the record date for the meeting of BAC shareholders to be held for the purpose of voting on the Transaction. Investors are urged to read these materials (including any amendments or supplements thereto), and any other relevant documents that BAC has filed or will file with the SEC, when they become available, because they do or will contain important information about BAC, Blade and the Transaction. The preliminary proxy statement/prospectus, the definitive proxy statement/prospectus (when it becomes available) and other relevant materials in connection with the Transaction, and any other documents filed by BAC with the SEC, may be obtained free of charge on the SEC's website (www.sec.gov). The documents filed by BAC with the SEC may also be obtained free of charge upon written request to Biotech Acquisition Company, 545 West 25th Street, 20th Floor, New York, NY 10001.
Participants in the Solicitation
BAC and its directors and executive officers may be deemed participants in the solicitation of proxies from BAC's shareholders in connection with the Transaction and related matters. Information about BAC's directors and executive officers and information regarding their interests in BAC and the Transaction will be included in the proxy statement/prospectus for the Transaction when available and can be obtained free of charge at the SEC's website (www.sec.gov).
Blade and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from BAC's shareholders in connection with the Transaction and related matters. Information about Blade's directors and executive officers and information regarding their interests in the Transaction will be included in the proxy statement/prospectus for the Transaction when available and can be obtained free of charge as described in the preceding paragraph.
No Offer or Solicitation
This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Transaction and does not constitute an offer to sell or a solicitation of an offer to buy, or a recommendation to purchase, any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation, purchase or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities will be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act, or an exemption therefrom.
Forward-Looking Statements
Certain statements included in this press release that are not historical facts but rather are forward-looking statements. Forward-looking statements generally are accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "future," "outlook," and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other performance metrics and projections of market opportunity. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of BAC's and Target's respective management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of BAC and the Target. Some important factors that could cause actual results to differ materially from those in any forward-looking statements could include changes in domestic and foreign business, market, financial, political and legal conditions. These forward-looking statements are subject to a number of risks and uncertainties, including, the inability of the parties to successfully or timely consummate the Transaction, including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined entity or the expected benefits of the Transaction, if not obtained; the failure to realize the anticipated benefits of the Transaction; matters discovered by the parties as they complete their respective due diligence investigation of the other parties; the ability of BAC prior to the Transaction, and the combined entity following the Transaction, to maintain the listing of the Company's shares on Nasdaq; costs related to the Transaction; future financial performance of the Company following the Transaction; the ability of the Company to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; expectations regarding future expenditures of the Company following the Transaction; the future mix of revenue and effect on gross margins of the Company following the Transaction; the Company's ability to execute its business plans and strategy; the failure to satisfy the conditions to the consummation of the Transaction, including the approval of the definitive merger agreement by the shareholders of BAC, the satisfaction of the minimum cash requirements of the definitive merger agreement following any redemptions by BAC's public shareholders; the risk that the Transaction may not be completed by the stated deadline and the potential failure to obtain an extension of the stated deadline; the inability to complete a PIPE transaction; the outcome of any legal proceedings that may be instituted against BAC or the Target related to the Transaction; the attraction and retention of qualified directors, officers, employees and key personnel of BAC and the Target prior to the Transaction, and the Company following the Transaction; the ability of the Company to compete effectively in a highly competitive market; neither BAC nor the Target are currently generating revenues and there can be no assurance that following the Transaction, the Company will ever achieve revenues or profitability; the ability to protect and enhance the Target's respective corporate reputation and brand; the impact from future regulatory, judicial, and legislative changes in the Target's or the Company's industry; the timing, costs, conduct, and outcome of clinical trials and future preclinical studies and clinical trials, including the timing of the initiation and availability of data from such trials; the timing and likelihood of regulatory filings and approvals for product candidates; whether regulatory authorities determine that additional trials or data are necessary in order to obtain approval; the potential market size and the size of the patient populations for product candidates, if approved for commercial use, and the market opportunities for product candidates; the ability to locate and acquire complementary products or product candidates and integrate those into the Company's business; and, the uncertain effects of the COVID-19 pandemic; and those factors set forth in documents of BAC filed, or to be filed, with SEC. The foregoing list of risks is not exhaustive.
If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither BAC nor the Target presently know or that BAC and the Target currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect BAC's and the Target's current expectations, plans and forecasts of future events and views as of the date of this press release. BAC and the Target anticipate that subsequent events and developments will cause BAC's and the Target's assessments to change. However, while BAC and the Target may elect to update these forward-looking statements at some point in the future, BAC and the Target specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing BAC's or the Target's assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
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SUMMARY HIGHLIGHTS FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2022
- STRONG FINANCIAL PERFORMANCE
- SOLID OPERATIONAL RESULTS DESPITE NON-CONTROLLABLE EXPENSE INFLATION
- POST-QUARTER LEASING STRENGTH
- FLEXIBLE FINANCIAL POSITION
- ACCRETIVE AND STRATEGIC CAPITAL ALLOCATION
- UPDATE TO 2022 FINANCIAL GUIDANCE FOR INCREASED VOLATILITY IN UTILITY AND INTEREST COSTS
CALGARY, AB, May 9 2022 /PRNewswire/ - Boardwalk Real Estate Investment Trust (TSX: BEI.UN)
Boardwalk Real Estate Investment Trust ("Boardwalk", the "REIT" or the "Trust") today announced its financial results for the first quarter of 2022.
Sam Kolias; Chairman and Chief Executive Officer of Boardwalk REIT commented:
"We are pleased to report on another solid quarter to begin 2022, with growth in NOI, FFO, and Profit through the Omicron wave of the pandemic and non-controllable cost inflation primarily in our utilities expense through the winter months.
As we look forward to our busy spring and summer leasing season, we have seen significant leasing gains with our May occupancy increasing to 96.6%. Leasing spreads on both renewals and new leases have seen strong improvement, and in our largest market of Alberta, have seen renewal spreads increase to 4.7% in the month of April. New lease spreads have also turned positive with housing fundamentals improving in each of our markets allowing for incentive reductions and positive rental rate growth.
Increased interest rates and anticipated significantly higher utility costs in 2022 present a current headwind for community providers, however, our portfolio of affordable, unregulated, and high quality apartment communities is positioned to produce sustainable rental rate adjustments that allow Boardwalk to further build on our strong financial foundation."
FIRST QUARTER FINANCIAL HIGHLIGHTS
The Trust's IFRS fair value of its investment properties for the three months ended March 31, 2022 increased from the previous quarter, primarily as a result of increased market rents in some of its markets reflecting improving rental fundamentals.
The Trust maintained high occupancy compared to the same period a year ago by focusing on gaining market share and retention. Market rents were increased in communities within some of the Trust's markets where rental market fundamentals continue to tighten while average occupied rent increased sequentially and when compared to the same period a year ago as the Trust focuses on reducing incentives on lease renewals and minimizing incentives on new leases in its stronger markets.
For the first quarter of 2022, a same property rental revenue increase of 2.1% combined with a same property total rental expense increase of 3.2%, resulted in same property NOI growth of 1.2%.
During the quarter, lower vacancy loss and incentives supported Boardwalk's Calgary portfolio increase in same property NOI of 6.5%, while in Edmonton, cost savings from lower property taxes and other operating expenses were offset by higher utilities expense resulting in NOI growth remaining flat for the first quarter of 2022 compared to the first quarter of 2021. Saskatchewan's market continues to improve with the Trust's portfolio realizing 12.3% same property NOI growth in the first quarter of 2022 versus the same period last year, as a result of strong same property revenue growth and a reduction in expenses related to tv and internet services provided to Boardwalk's Resident Members in the province. In Ontario, the mark-to-market opportunity on turnover, offset by growth in non-controllable and controllable expenses, contributed to same property NOI growth of 1.1% in the first quarter of 2022 compared to the first quarter of 2021. In Quebec, increases in non-controllable expenses such as property taxes, utilities and insurance and certain controllable expense categories more than offset positive same property revenue growth resulting in same property NOI decrease of 8.8% in the first quarter of 2022 compared to the first quarter of 2021.
In the first quarter, Boardwalk renewed its maturing mortgages at a weighted average interest rate of 2.44% while extending the term of these mortgages by an average of five years.
For the remainder of 2022, the Trust anticipates $400.8 million of mortgages payable maturing with an average in-place interest rate of 2.66% and will continue to renew these mortgages as they mature. Current market 5 and 10-year CMHC financing rates are estimated to be 3.70% and 4.00%, respectively. While interest rates have increased significantly since the beginning of March, the Trust remains positioned with a balanced laddered maturity schedule within its mortgage program, a disciplined capital allocation program and continued use of CMHC funding, which decreases the renewal risk on its existing mortgages.
The Trust remains committed to re-investing retained cashflow and the net proceeds from the sale of non-core assets toward opportunities that are both accretive to FFO per Unit in the near-term and significantly enhance the NAV per Unit of the Trust over the intermediate term.
As previously announced, on March 30, 2022, the Trust acquired a property in Brampton, Ontario comprised of 152 suites and a property in Canmore, Alberta comprised of 148 suites. The combined purchase price for these two properties was $118.8 million (including transaction costs). The acquisition provides immediate FFO per Unit accretion and exposure to two growing and under-supplied housing markets. Peak Estates in Canmore is an A-class community built in 2018 featuring large unit sizes, modern finishes and 6 in-suite appliances. The property expands the Trust's portfolio in the Banff and Canmore corridor to over 300 suites. Ardglen Place in Brampton features desirable townhouse suites and offers significant value-add potential for the Trust. In addition, Ardglen Place is located a short drive from the Trust's 45 Railroad development, which is currently pre-leasing and is expected to come online in Q4 2022.
Subsequent to the end of the first quarter, the Trust removed conditions on the purchase of a development site in View Royal (Victoria) at 339 – 345 Island Highway. The purchase price is $12.0 million and the transaction is expected to close in the second quarter of 2022. The site strengthens the Trust's long-term development pipeline in the Victoria area and is located a short drive from the Trust's two other development sites, Aspire in View Royal and The Marin in Esquimalt.
During the fourth quarter of 2021, the Trust announced that it received approval from the Toronto Stock Exchange (the "TSX") to commence a normal course issuer bid ("NCIB"). The Trust continues to view its own portfolio as offering un-paralleled value in the multi-family sector and believes its current unit price represents an attractive opportunity for re-investment. During the first quarter, the Trust re-purchased 137,500 Trust Units at a volume-weighted average price of $55.25 for a total price of approximately $7.6 million.
In February, the Trust introduced its financial guidance for 2022 and is providing an update to incorporate increased interest costs and utility expense expectations, which are largely a result of recent macroeconomic and geopolitical events.
The Trust's outlook on revenue growth remains strong as housing fundamentals continue to improve in many of its core markets.
FIRST QUARTER REGULAR MONTHLY DISTRIBUTION ANNOUNCEMENT
The Trust has confirmed its regular monthly distributions for the months of May 2022, June 2022, and July 2022 as follows:
In line with Boardwalk's distribution policy of maximum re-investment, the Trust's payout ratio remains conservative at 37.6% of Q1 2022 FFO; and 43.7% of the last 12 months FFO.
Boardwalk's regular monthly distribution was recently increased by 8% in March of 2022 and provides a stable and attractive yield for the Trust's unitholders.
THIRD ANNUAL ESG REPORT
The Trust is, and continues to be, committed to environmental, social and governance ("ESG") objectives and initiatives, including working towards reducing greenhouse gas emissions and electricity and natural gas consumption, water conservation, waste minimization, and a continued focus on governance and oversight. In March, Boardwalk published its third annual ESG report. The ESG report, along with the Trust's Annual report, are available digitally on Boardwalk's website and under the Trust's profile at www.sedar.com.
FINANCIAL AND SUPPLEMENTARY INFORMATION
Boardwalk produces quarterly financial statements, management's discussion and analysis, and a supplemental information package that provides detailed information regarding the Trust's activities during the quarter. Financial and supplementary information is available on Boardwalk's investor website at www.bwalk.com/investors.
TELECONFERENCE ON FIRST QUARTER 2022 FINANCIAL RESULTS
Boardwalk invites you to participate in the teleconference that will be held to discuss these results tomorrow morning (May 10, 2022) at 11:00 am Eastern Time (9:00 am Mountain). Senior management will speak to the period's results and provide an update. Presentation materials will be made available on Boardwalk's investor website at www.bwalk.com/investors prior to the call.
Teleconference: The telephone numbers for the conference are 416-764-8650 (local/international callers) or toll-free 1-888-664-6383 (within North America).
Note: Please provide the operator with the below Conference Call ID or Topic when dialing in to the call.
Conference ID: 85957330
Topic: Boardwalk Real Estate Investment Trust, 2022 First Quarter Results
Webcast: Investors will be able to listen to the call and view Boardwalk's slide presentation by visiting www.bwalk.com/investors prior to the start of the call.
An information page will be provided for any software needed and system requirements. The webcast and slide presentation will also be available at:
Boardwalk REIT First Quarter Results Webcast Link
Replay: An audio recording of the teleconference will be available on the Trust's website:
www.bwalk.com/investors
CORPORATE PROFILE
Boardwalk REIT strives to be Canada's friendliest community provider and is a leading owner/operator of multi-family rental communities. Providing homes in more than 200 communities, with over 33,000 residential units totaling over 28 million net rentable square feet, Boardwalk has a proven long-term track record of building better communities, where love always livestm. Our three-tiered and distinct brands: Boardwalk Living, Boardwalk Communities, and Boardwalk Lifestyle, cater to a large diverse demographic and has evolved to capture the life cycle of all Resident Members. Boardwalk's disciplined approach to capital allocation, acquisition, development, purposeful re-positioning, and management of apartment communities allows the Trust to provide its brand of community across Canada creating exceptional Resident Member experiences. Differentiated by its peak performance culture, Boardwalk is committed to delivering exceptional service, product quality and experience to our Resident Members who reward us with high retention and market leading operating results, which in turn, lead to higher free cash flow and investment returns, stable monthly distributions, and value creation for all our stakeholders.
Boardwalk REIT's Trust units are listed on the Toronto Stock Exchange, trading under the symbol BEI.UN. Additional information about Boardwalk REIT can be found on the Trust's website at www.bwalk.com/investors.
Non-GAAP Financial Measures
Boardwalk believes non-GAAP financial measures are meaningful and useful measures of real estate organizations operating performance, however, are not measures defined by IFRS. As they do not have standardized meanings prescribed by IFRS, they therefore may not be comparable to similar measurements presented by other entities and should not be construed as an alternative to IFRS defined measures. Below are the non-GAAP financial measures referred to in this Earnings Release.
Funds From Operations
The IFRS measurement most comparable to FFO is profit. Boardwalk REIT considers FFO to be an appropriate measurement of the performance of a publicly listed multi-family residential entity as it is the most widely used and reported measure of real estate investment trust performance. Profit (loss) includes items such as fair value changes of investment property that are subject to market conditions and capitalization rate fluctuations which are not representative of recurring operating performance. We define FFO as adjustments to profit (loss) for fair value gains or losses, distributions on the LP Class B Units, gains or losses on the sale of the Trust's investment properties, depreciation, deferred income tax, and certain other non-cash adjustments, if any, but after deducting the principal repayment on lease liabilities and adding the principal repayment on lease receivables. The reconciliation from profit (loss) under IFRS to FFO can be found below. The Trust uses FFO to assess operating performance and its distribution paying capacity, determine the level of Associate incentive-based compensation, and decisions related to investment in capital assets. To facilitate a clear understanding of the combined historical operating results of Boardwalk REIT, management of the Trust believes FFO should be considered in conjunction with profit as presented in the condensed consolidated interim financial statements for the three months ended March 31, 2022 and 2021.
Adjusted Funds From Operations
Similar to FFO, the IFRS measurement most comparable to AFFO is profit. Boardwalk REIT considers AFFO to be an appropriate measurement of a publicly listed multi-family residential entity as it measures the economic performance after deducting for maintenance capital expenditures to the existing portfolio of investment properties. AFFO is determined by taking the amounts reported as FFO and deducting what is commonly referred to as "Maintenance Capital Expenditures". Maintenance Capital Expenditures are referred to as expenditures that, by standard accounting definition, are accounted for as capital in that the expenditure itself has a useful life in excess of the current financial year and maintains the value of the related assets. The reconciliation of AFFO can be found below. The Trust uses AFFO to assess operating performance and its distribution paying capacity, and decisions related to investment in capital assets.
Adjusted Real Estate Assets
The IFRS measurement most comparable to Adjusted Real Estate Assets is investment properties. Adjusted Real Estate Assets is comprised of investment properties, equity accounted investment, and cash and cash equivalents. Adjusted Real Estate Assets is useful in summarizing the real estate assets owned by the Trust and it is used in the calculation of NAV, which management of the Trust believes is a useful measure in estimating the entity's value. The reconciliation from Investment Properties under IFRS to Adjusted Real Estate Assets can be found on the following page, under Net Asset Value.
Adjusted Real Estate Debt
The IFRS measurement most comparable to Adjusted Real Estate Debt is mortgages payable. Adjusted Real Estate Debt is comprised of total mortgage principal outstanding, total lease liabilities attributable to land leases, and construction loan payable. It is useful in summarizing the Trust's debt which is attributable to its real estate assets and is used in the calculation of NAV, which management of the Trust believes is a useful measure in estimating the entity's value. The reconciliation from Mortgages Payable under IFRS to Adjusted Real Estate Debt can be found below under Net Asset Value.
Net Asset Value
The IFRS measurement most comparable to NAV is Unitholders' equity. With real estate entities, NAV is the total value of the entity's investment properties and cash minus the total value of the entity's debt. The Trust determines NAV by taking Adjusted Real Estate Assets and subtracting Adjusted Real Estate Debt, which management of the Trust believes is a useful measure in estimating the entity's value. The reconciliation from Unitholders' equity under IFRS to Net Asset Value is below.
The discussion below outlines the non-GAAP ratios used by the Trust. Each non-GAAP ratio has a non-GAAP financial measure as one or more of its components, and, as a result, do not have standardized meanings prescribed by IFRS and therefore may not be comparable to similar financial measurements presented by other entities. Non-GAAP financial measures should not be construed as alternatives to IFRS defined measures.
FFO per Unit, AFFO per Unit, and NAV per Unit
FFO per Unit includes the non-GAAP financial measure FFO as a component in the calculation. The Trust uses FFO per Unit to assess operating performance on a per Unit basis, as well as determining the level of Associate incentive-based compensation.
AFFO per Unit includes the non-GAAP financial measure AFFO as a component in the calculation. The Trust uses AFFO per Unit to assess operating performance on a per Unit basis and its distribution paying capacity.
NAV per Unit includes the non-GAAP financial measure NAV as a component in the calculation. Management of the Trust believes it is a useful measure in estimating the entity's value on a per Unit basis, which an investor can compare to the entity's Trust Unit price which is publicly traded to help with investment decisions.
FFO per Unit and AFFO per Unit, are calculated by taking the non-GAAP ratio's corresponding non-GAAP financial measure and dividing by the weighted average Trust Units outstanding for the period on a fully diluted basis, which assumes conversion of the LP Class B Units and vested deferred units determined in the calculation of diluted per Trust Unit amounts in accordance with IFRS.
NAV per Unit is calculated as NAV divided by the Trust Units outstanding as at the reporting date on a fully diluted basis which assumes conversion of the LP Class B Units and vested deferred units outstanding.
FFO per Unit Future Financial Guidance
FFO per Unit Future Financial Guidance is calculated as FFO Future Financial Guidance divided by the estimated weighted average Trust Units and LP Class B Units outstanding throughout the year. Boardwalk REIT considers FFO per Unit Future Financial Guidance to be an appropriate measurement of the estimated future financial performance based on information currently available to management of the Trust at the date of this Earnings Release.
AFFO per Unit Future Financial Guidance
AFFO per Unit Future Financial Guidance is calculated as AFFO Future Financial Guidance divided by the estimated weighted average Trust Units and LP Class B Units outstanding throughout the year. Boardwalk REIT considers AFFO per Unit Future Financial Guidance to be an appropriate measurement of the estimated future profitability based on information currently available to management of the Trust at the date of this Earnings Release.
FFO Payout Ratio
FFO Payout Ratio represents the REIT's ability to pay distributions. This non-GAAP ratio is computed by dividing regular distributions paid on the Trust Units and LP Class B Units by the non-GAAP financial measure of FFO.
Information in this news release that is not current or historical factual information may constitute forward-looking statements and information (collectively, "forward-looking statements") within the meaning of securities laws. The use of any of the words "expect", "anticipate", "may", "will", "should", "believe", "intend" and similar expressions are intended to identify forward-looking statements. Forward-looking statements contained in this press release include Boardwalk's financial guidance for fiscal 2022, expected distributions for May, June, and July 2022, and accretive capital recycling opportunities. Implicit in these forward-looking statements, particularly in respect of Boardwalk's objectives for its current and future periods, Boardwalk's strategies to achieve those objectives, as well as statements with respect to management's beliefs, plans, estimates, assumptions, intentions, and similar statements concerning anticipated future events, results, circumstances, performance or expectations are estimates and assumptions subject to risks and uncertainties, including those described in its Management's Discussion & Analysis of Boardwalk under the heading "Risk and Risk Management", which could cause Boardwalk's actual results to differ materially from the forward-looking statements contained in this news release. Specifically, Boardwalk has made assumptions surrounding the impact of economic conditions in Canada and globally including as a result of the COVID-19 pandemic, Boardwalk's future growth potential, prospects and opportunities, the rental environment compared to several years ago, relatively stable interest costs, access to equity and debt capital markets to fund (at acceptable costs), the future growth program to enable the Trust to refinance debts as they mature, the availability of purchase opportunities for growth in Canada, general industry conditions and trends, changes in laws and regulations including, without limitation, changes in tax laws, mortgage rules and other temporary legislative changes in light of the COVID-19 pandemic, increased competition, the availability of qualified personnel, fluctuations in foreign exchange or interest rates, and stock market volatility. These assumptions, although considered reasonable by the Trust at the time of preparation, may prove to be incorrect.
This news release also contains future-oriented financial information and financial outlook information (collectively "FOFI") about Boardwalk's same property NOI growth, FFO per Unit, and AFFO per Unit guidance for fiscal 2022. Boardwalk has included the FOFI for the purpose of providing further information about the Trust's anticipated future business operation.
For more exhaustive information on the risks and uncertainties in respect of forward-looking statements and FOFI you should refer to Boardwalk's Management's Discussion & Analysis and Annual Information Form for the year ended December 31, 2021 under the headings "Risk and Risk Management" and "Challenges and Risks", respectively, which are available at www.sedar.com. Forward-looking statements and FOFI contained in this news release are made as of the date of this news release and are based on Boardwalk's current estimates, expectations and projections, which Boardwalk believes are reasonable as of the current date. You should not place undue importance on forward-looking statements or FOFI and should not rely upon forward-looking statements or FOFI as of any other date. Except as required by applicable law, Boardwalk undertakes no obligation to publicly update or revise any forward-looking statement or FOFI, whether a result of new information, future events, or otherwise.
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SOURCE Boardwalk Real Estate Investment Trust | https://www.whsv.com/prnewswire/2022/05/09/boardwalk-reit-reports-solid-first-quarter-results-with-increasing-occupancy-further-positive-leasing-momentum-into-spring/ | 2022-05-10T06:57:20Z |
TOKYO and CAMBRIDGE, Mass., May 9, 2022 /PRNewswire/ -- Eisai Co., Ltd. (Headquarters: Tokyo, CEO: Haruo Naito, "Eisai") and Biogen Inc. (Nasdaq: BIIB, Corporate headquarters: Cambridge, Massachusetts, CEO: Michel Vounatsos, "Biogen") announced today that Eisai has completed the rolling submission to the U.S. Food and Drug Administration (FDA) of a Biologics License Application (BLA) under the accelerated approval pathway for the investigational anti-amyloid beta (Aβ) protofibril antibody lecanemab (BAN2401) 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. As part of the completed rolling submission, Eisai has requested Priority Review. If the FDA accepts the BLA, the Prescription Drug User Fee Act (PDUFA) action date (target date for completion of examination) will be set. While Eisai is currently submitting lecanemab under the accelerated approval pathway, the lecanemab Phase 3 confirmatory Clarity AD clinical trial conducted with 1,795 patients will report out 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. Dependent upon the results of the Clarity AD clinical trial, Eisai may submit for full approval of lecanemab to the FDA during fiscal year 2022.
The BLA submission for lecanemab is based on clinical, biomarker and safety data from the proof-of-concept Phase 2b (Study 201 Core) in 856 people with early AD with confirmed presence of amyloid pathology, biomarker and safety data from the Study 201 OLE (open-label extension study, 180 subjects), and blinded safety data from the confirmatory Clarity AD Phase 3 study (1,795 subjects). The large number of participants across these studies provides the FDA with extensive safety data. Study 201 explored the impact of treatment with lecanemab on reducing amyloid plaque and clinical decline. At 18 months of treatment, 10 mg/kg biweekly lecanemab reduced brain amyloid by a mean of 0.306 SUVr units (from a baseline mean of 1.37), and over 80% of subjects became amyloid negative by visual read. Furthermore, the extent of reduction in amyloid was correlated with slower clinical decline on ADCOMS (Alzheimer's Disease Composite Score), CDR-SB (Clinical Dementia Rating-Sum-of-Boxes), and ADAS-cog (Alzheimer Disease Assessment Scale-Cognitive Subscale) at the treatment group and patient level. In the Core study, the overall rate of amyloid-related imaging abnormalities-edema/effusion (ARIA-E), an adverse event associated with anti-amyloid beta antibodies therapies was 9.9% (16/161) of patients treated with lecanemab 10 mg/kg biweekly compared with 0.8% (2/245) of placebo patients. The results from Study 201 were published in a peer-reviewed journal Alzheimer's Research and Therapy in April 2021.
"We would like to thank the people living with early AD and the healthcare professionals who participated in the lecanemab 201 study for their cooperation allowing completion of this BLA to the U.S. FDA. Alzheimer's disease is a progressive and devastating disease with few treatment options," said Haruo Naito, Chief Executive Officer at Eisai Co., Ltd. "Eisai employees have spent time with people living with Alzheimer's disease and their families to truly understand their feelings and challenges and have been working to create new treatments for many years. Our comprehensive medicine creation approach along the Alzheimer's disease continuum reflects Eisai's long-term commitment to providing innovative treatments to the people living with AD, their families and healthcare professionals who urgently need new treatment options."
"With Alzheimer's disease, patients and their loved ones don't have the luxury of time. There is an enormous unmet need in this space, and we continue to make progress in advancing additional treatment options for people living with this devastating disease," said Michel Vounatsos, Chief Executive Officer at Biogen. "Anti-amyloid antibodies are a new wave of important medicines, which could provide patients and their physicians more options in addressing this complex disease."
Lecanemab was granted Breakthrough Therapy and Fast Track designations by the FDA in June and December 2021, respectively. In March 2022, Eisai initiated submission of application data to the Pharmaceuticals and Medical Devices Agency (PMDA) under the prior assessment consultation system in Japan with the aim of obtaining early approval for lecanemab, and aims to file for the manufacturing and marketing approval based on the results of Clarity AD during Eisai's fiscal year 2022.
Eisai serves as the lead of lecanemab development and regulatory submissions globally with both Eisai and Biogen co-commercializing and co-promoting the product and Eisai having final decision-making authority.
[Notes to editors]
1. 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 Eisai and BioArctic. Lecanemab selectively binds to neutralize and eliminate soluble, toxic amyloid-beta (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. Currently, lecanemab is being developed as the only anti- Aβ antibody that can be used for the treatment of early AD without the need for titration. With regard to the results from pre-specified analysis at 18 months of treatment, Study 201 demonstrated reduction of brain Aβ accumulation (P<0.0001) and slowing of disease progression measured by ADCOMS* (P<0.05) in early AD patients. The study did not achieve its primary outcome measure** at 12 months of treatment. The Study 201 open-label extension was initiated after completion of the Core period and a Gap period off treatment of 9-59 months (average of 24 months, n=180 from core study enrolled) to evaluate safety and efficacy, and is underway.
Currently, lecanemab is being studied in a confirmatory Phase 3 clinical study in symptomatic early AD (Clarity-AD), following the outcome of the Phase 2 clinical study (Study 201). Since July 2020 the Phase 3 clinical study (AHEAD 3-45) for individuals with preclinical AD, meaning they are clinically normal and have intermediate or elevated levels of amyloid in their brains, is ongoing. AHEAD 3-45 is conducted as a public-private partnership between the Alzheimer's Clinical Trial Consortium that provides the infrastructure for academic clinical trials in AD and related dementias in the U.S, funded by the National Institute on Aging, part of the National Institutes of Health, Eisai and Biogen. Since January 2022, the Tau NexGen clinical study for Dominantly Inherited Alzheimer's disease (DIAD), that is conducted by Dominantly Inherited Alzheimer Network Trials Unit (DIAN-TU), led by Washington University School of Medicine in St. Louis, is ongoing. Furthermore, Eisai has initiated a lecanemab subcutaneous dosing Phase 1 study. 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.
* Developed by Eisai, ADCOMS (AD Composite Score) combines items from the ADAS-Cog (Alzheimer's Disease Assessment Scale-cognitive subscale), CDR (Clinical Dementia Rating) and the MMSE (Mini-Mental State Examination) scales to enable a sensitive detection of changes in clinical functions of early AD symptoms and changes in memory. The ADCOMS scale ranges from a score of 0.00 to 1.97, with higher score indicating greater impairment.
** An 80% or higher estimated probability of demonstrating 25% or greater slowing in clinical decline at 12 months treatment measured by ADCOMS from baseline compared to placebo.
2. About the Collaboration between Eisai and Biogen for Alzheimer's Disease
Eisai and Biogen are collaborating on the joint development and commercialization of AD treatments. Eisai serves as the lead in the co-development of lecanemab.
3. About the Collaboration between Eisai and BioArctic for Alzheimer's Disease
Since 2005, BioArctic has had a long-term collaboration with Eisai regarding the development and commercialization of drugs for the treatment of AD. The commercialization agreement on the lecanemab antibody was signed in December 2007, and the development and commercialization agreement on the antibody lecanemab back-up for AD, which was signed in May 2015. Eisai is responsible for the clinical development, application for market approval and commercialization of the products for AD. BioArctic has no development costs for lecanemab in AD.
4. About Eisai Co., Ltd.
Eisai Co., Ltd. is a leading global pharmaceutical company headquartered in Japan. Eisai's corporate philosophy is based on the human health care (hhc) concept, which is to give first thought to patients and their families, and to increase the benefits that health care provides to them. With a global network of R&D facilities, manufacturing sites and marketing subsidiaries, we strive to realize our hhc philosophy by delivering innovative products to target diseases with high unmet medical needs, with a particular focus in our strategic areas of Neurology and Oncology.
Leveraging the experience gained from the development and marketing of a treatment for Alzheimer's disease, Eisai aims to establish the "Eisai Dementia Platform." Through this platform, Eisai plans to deliver novel benefits to those living with dementia and their families through constructing a "Dementia Ecosystem," by collaborating with partners such as medical organizations, diagnostic development companies, research organizations, and bio-ventures in addition to private insurance agencies, finance industries, fitness clubs, automobile makers, retailers, and care facilities. For more information about Eisai Co., Ltd., please visit https://www.eisai.com.
5. About Biogen
As pioneers in neuroscience, Biogen discovers, develops, and delivers worldwide innovative therapies for people living with serious neurological diseases as well as related therapeutic adjacencies. One of the world's first global biotechnology companies, Biogen was founded in 1978 by Charles Weissmann, Heinz Schaller, Sir Kenneth Murray, and Nobel Prize winners Walter Gilbert and Phillip Sharp. Today, Biogen has a leading portfolio of medicines to treat multiple sclerosis, has introduced the first approved treatment for spinal muscular atrophy, and is providing the first and only approved treatment to address a defining pathology of Alzheimer's disease. Biogen is also commercializing biosimilars and focusing on advancing the industry's most diversified pipeline in neuroscience that will transform the standard of care for patients in several areas of high unmet need.
In 2020, Biogen launched a bold 20-year, $250 million initiative to address the deeply interrelated issues of climate, health, and equity. Healthy Climate, Healthy Lives™ aims to eliminate fossil fuels across the company's operations, build collaborations with renowned institutions to advance the science to improve human health outcomes, and support underserved communities.
The company routinely posts information that may be important to investors on our website at www.biogen.com. To learn more, please visit www.biogen.com and follow Biogen on social media – Twitter, LinkedIn, Facebook, YouTube.
Biogen Safe Harbor
This news release contains forward-looking statements, including statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, about the potential clinical effects of lecanemab; the potential benefits, safety and efficacy of lecanemab; potential regulatory discussions, submissions and approvals and the timing thereof; the expected data readout for the Clarity AD study; the treatment of Alzheimer's disease; the anticipated benefits and potential of Biogen's collaboration arrangements with Eisai; the potential of Biogen's commercial business and pipeline programs, including lecanemab; and risks and uncertainties associated with drug development and commercialization. These statements may be identified by words such as "aim," "anticipate," "believe," "could," "estimate," "expect," "forecast," "intend," "may," "plan," "possible," "potential," "will," "would" and other words and terms of similar meaning. Drug development and commercialization involve a high degree of risk, and only a small number of research and development programs result in commercialization of a product. Results in early-stage clinical studies may not be indicative of full results or results from later stage or larger scale clinical studies and do not ensure regulatory approval. You should not place undue reliance on these statements or the scientific data presented.
These statements involve risks and uncertainties that could cause actual results to differ materially from those reflected in such statements, including without limitation unexpected concerns that may arise from additional data, analysis or results obtained during clinical studies, including the Clarity AD clinical trial and AHEAD 3-45 study; the occurrence of adverse safety events; risks of unexpected costs or delays; the risk of other unexpected hurdles; regulatory submissions may take longer or be more difficult to complete than expected; regulatory authorities may require additional information or further studies, or may fail or refuse to approve or may delay approval of Biogen's drug candidates, including lecanemab; actual timing and content of submissions to and decisions made by the regulatory authorities regarding lecanemab; uncertainty of success in the development and potential commercialization of lecanemab; failure to protect and enforce Biogen's data, intellectual property and other proprietary rights and uncertainties relating to intellectual property claims and challenges; product liability claims; third party collaboration risks; and the direct and indirect impacts of the ongoing COVID-19 pandemic on Biogen's business, results of operations and financial condition. The foregoing sets forth many, but not all, of the factors that could cause actual results to differ from Biogen's expectations in any forward-looking statement. Investors should consider this cautionary statement as well as the risk factors identified in Biogen's most recent annual or quarterly report and in other reports Biogen has filed with the U.S. Securities and Exchange Commission. These statements are based on Biogen's current beliefs and expectations and speak only as of the date of this news release. Biogen does not undertake any obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise.
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Canada's Challenger Bank™ Introduces ESG Framework
TORONTO, May 9, 2022 /PRNewswire/ - Equitable Bank (the "Bank" or "Equitable"), a wholly owned subsidiary of Equitable Group Inc. (TSX: EQB) (TSX: EQB.PR.C) (TSX: EQB.R) today released its first full-scale ESG Performance Report (the "Report") with data and commentary to provide stakeholders with transparent, relevant, and comprehensive disclosure on all aspects of environmental, social and governance strategies, practices, and outcomes within Canada's Challenger BankTM.
The Report features the Bank's challenger perspectives on the connection between ESG and its corporate values through its proprietary ESG framework and is organized according to each of EQB's five C's of ESG: Climate (environment), Customers, Challengers (employees), Community, and Corporate Governance.
"We are delighted to release our new ESG Performance Report, through which we challenged ourselves to disclose meaningful data, discuss ESG risks and risk management practices and elaborate on the opportunity areas that deeply engage our Bank as we live our purpose of driving change to enrich people's lives," said Andrew Moor, President and CEO of Equitable Bank. "It took a serious-minded effort to arrive at the final report. The result, which includes third-party assurance of emissions reporting, is a comprehensive point-in-time review that all stakeholders can rely on. That said, this is only the beginning. Our challenger ethos calls on us to constantly step up our approach rather than settling for the status quo. We will do so by holding ourselves accountable for progress against now publicly available data. As the Bank is soon to become Canada's 7th largest bank by assets, effective ESG practices will be of even greater importance to us and our stakeholders in the years ahead."
Led by metrics, the Bank's ESG Performance Report not only incorporates disclosure recommendations from several ESG frameworks and standards, such as the Taskforce on Climate-related Financial Disclosures (TCFD) and Sustainability Accounting Standards Board (SASB), it also contains key datapoints requested by ESG rating agencies. Recognizing that the ESG landscape is changing rapidly, Equitable is supportive of standardization to increase clarity for issuers, investors, and customers who rely on comparable ESG data to drive decision making. The Bank supports consolidation proposed by the International Sustainability Standards Board (ISSB).
"In all areas of ESG, we are dedicated to doing our part to drive change and make a difference. In the spirit of transparency, we disclosed material metrics to hold ourselves accountable – consistent with our philosophy that what gets measured gets managed," added Mr. Moor. "The result of this multi-faceted effort is growing recognition of the Bank's performance by rating agencies. In 2021, we maintained an AA MSCI rating (on a scale of AAA-CCC) and our Sustainalytics Risk Rating improved by one percentage point to 21.1. We expect more improvement on these ratings in the years ahead as our ESG program matures and develops."
About Equitable Bank
Equitable Group Inc. trades on the Toronto Stock Exchange (TSX: EQB, EQB.PR.C and EQB.R) and serves more than 340,000 Canadians through its wholly owned subsidiary Equitable Bank, Canada's Challenger Bank™. Equitable Bank has a clear mandate to drive change in Canadian banking to enrich people's lives. Founded over 50 years ago, Equitable Bank provides diversified personal and commercial banking and through its EQ Bank platform (eqbank.ca) has been named the top Schedule I Bank in Canada on the Forbes World's Best Banks 2022 and 2021 lists. Please visit equitablebank.ca for details.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Statements made in this news release, in other filings with Canadian securities regulators and in other communications include forward-looking statements within the meaning of applicable securities laws ("forward-looking statements"). These statements include, but are not limited to, statements about the Bank's objectives, strategies and initiatives, financial result expectations and risk management, statements about or containing possible future issuances of deposit notes of the Bank, statements made by our CEO and any other statements made herein, whether with respect to the Bank's businesses or the Canadian economy. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "planned", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases which state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, closing of transactions, performance or achievements of the Bank to be materially different from those expressed or implied by such forward-looking statements, including but not limited to risks related to capital markets and additional funding requirements, fluctuating interest rates and general economic conditions, legislative and regulatory developments, the nature of our customers and rates of default, and competition as well as those factors discussed under the heading "Risk Management" in the Management's Discussion and Analysis and in Equitable Group Inc.'s documents filed on SEDAR at www.sedar.com. All material assumptions used in making forward-looking statements are based on management's knowledge of current business conditions and expectations of future business conditions and trends, including their knowledge of the current credit, interest rate and liquidity conditions affecting the Bank and the Canadian economy. Although Equitable believes the assumptions used to make such statements are reasonable at this time and has attempted to identify in its continuous disclosure documents important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Certain material assumptions are applied by the Bank in making forward-looking statements, including without limitation, assumptions regarding its continued ability to fund its mortgage business at current levels, a continuation of the current level of economic uncertainty that affects real estate market conditions, continued acceptance of its products in the marketplace, as well as no material changes in its operating cost structure and the current tax regime. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Equitable does not undertake to update any forward-looking statements that are contained herein, except in accordance with applicable securities laws.
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SOURCE Equitable Group Inc. | https://www.whsv.com/prnewswire/2022/05/09/equitable-bank-releases-inaugural-esg-performance-report/ | 2022-05-10T06:57:34Z |
HOUSTON, May 9, 2022 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced the Company's schedule for releasing its first quarter 2022 results for the three months ended March 31, 2022.
In a press release to be issued after market close on Monday, May 16, 2022, Flotek will release its first quarter 2022 financial and operating results for the three months ended March 31, 2022. The Company will host its earnings conference call on Tuesday, May 17, 2022, at 9 a.m. CST (10 a.m. EST).
To participate in the call, participants should access the webcast on www.flotekind.com under the Investor Relations section under "Webcasts'' or dial 1-844-835-9986 approximately five minutes prior to the start of the call. Following the conclusion of the conference call, a recording of the call will be available on the Company's website.
Flotek Industries, Inc. creates solutions to reduce the environmental impact of energy on air, water, land and people. A technology-driven, specialty green chemistry and data company, Flotek helps customers across industrial, commercial, and consumer markets improve their Environmental, Social, and Governance performance. Flotek's Chemistry Technologies segment develops, manufactures, packages, distributes, delivers, and markets high-quality cleaning, disinfecting and sanitizing products for commercial, governmental and personal consumer use. Additionally, Flotek empowers the energy industry to maximize the value of their hydrocarbon streams and improve return on invested capital through its real-time data platforms and green chemistry technologies. Flotek serves downstream, midstream, and upstream customers, both domestic and international. Flotek is a publicly traded company headquartered in Houston, Texas, and its common shares are traded on the New York Stock Exchange under the ticker symbol "FTK." For additional information, please visit www.flotekind.com.
Certain statements set forth in this press release constitute 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) regarding Flotek Industries, Inc.'s business, financial condition, results of operations and prospects. Words such as will, continue, expects, anticipates, intends, plans, believes, seeks, estimates and similar expressions or variations of such words are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements in this press release. Although forward-looking statements in this press release reflect the good faith judgment of management, such statements can only be based on facts and factors currently known to management. Consequently, forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Further information about the risks and uncertainties that may impact the Company are set forth in the Company's most recent filing with the Securities and Exchange Commission on Form 10-K (including, without limitation, in the "Risk Factors" section thereof), and in the Company's other SEC filings and publicly available documents. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this press release.
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SOURCE Flotek Industries, Inc. | https://www.whsv.com/prnewswire/2022/05/09/flotek-announces-earnings-schedule-first-quarter-2022-results/ | 2022-05-10T06:57:40Z |
RENO, NEV., May 9, 2022 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (OTCQX: IAUCF) ("i-80", or the "Company") is pleased to report its operating and financial results for the three months ended March 31, 2022. i-80's consolidated financial statements ("financial statements"), as well as i‑80's management discussion and analysis ("MD&A") for the three months ended March 31, 2022, are available on the Company's website at www.i80gold.com and on SEDAR at www.sedar.com.
Unless otherwise stated, all amounts referred to herein are in U.S. dollars.
2022 First Quarter Highlights:
- Recorded first gold sales from the assets acquired in 2021 - 1,489 ounces at AISC of $1,249 per ounce sold
- Completed ~100 metres of main ramp development and ~10,000 metres of drilling at Granite Creek
- Commenced refurbishment study at the Lone Tree autoclave
- Commenced construction of the underground decline at Cove
- Completed ~8,000 metres of the Company's ongoing +20,000 metre drilling program at Ruby Hill
- Continued to secure key personnel in building i-80's Tier One mine development team
"The quarter saw the Company progress on plan and within our budget as we aggressively pursue our peer-best production growth strategy to achieve our plan of becoming one of the leading gold producers in the United States by advancing our exploration and development programs.", stated Ryan Snow, Chief Financial Officer of i-80. "In addition, Initial gold sales from residual leaching at Lone Tree and Ruby Hill has been as expected and we recorded our first revenue from the Ruby Hill and Lone Tree leach pads."
Production and sales from Ruby Hill and Lone Tree totaled 1,489 ounces for the period at cash costs per ounce sold of $1,019 and All-in sustaining cost per ounce sold of $1,249.
Exploration, evaluation, and pre-development total costs of $9.3 million for the three months ended March 31, 2022, an increase of $8.9 million over the comparable three-month period of 2021 mainly due to exploration and pre-development work at Granite Creek and Ruby Hill.
Lone Tree Processing Facilities and Buffalo Mountain Project
Lone Tree is expected to become the hub of i-80's Nevada operations and the central processing facility for mineralization from the first four planned mining projects. Importantly, Lone Tree is host to infrastructure that, following successful refurbishment efforts, will position i-80 as one of only three companies in the United States capable of processing both oxide and refractory mineralization.
During the quarter, the Company awarded the contract to complete a detailed engineering study for the restart of the autoclave to Hatch Ltd. and field work was completed on this study. The Company also continued permitting for the development of the Buffalo Mountain open pit where gold mineralization is expected to be processed at the Lone Tree leach pad facility.
i-80 considers the Lone Tree infrastructure to be the most strategically located processing facility in Nevada, located on Interstate 80 with the Nevada Railway less than two kilometers to the north, and will be the platform from which i-80 intends to grow its business.
Residual leaching activities at Lone Tree produced 843 ounces gold during the period at a cash cost per ounce sold and All-in sustaining cost per ounce sold of $819 and $1,092, respectively.
Granite Creek
In the first quarter, 2022, six drill rigs were active at Granite Creek. Twelve (12) surface holes, focused primarily on further definition of the South Pacific Zone, were drilled during the quarter for 4,997 meters and 37 holes for 6,027 meters were completed from underground. The amount of drilling completed was in-line with the Company's drilling plan.
In addition to the drilling program the Company commenced twenty-four hour per day seven day per week mining and advanced the main decline 300 feet. The Company also initiated new ore access ramps.
The primary goal of the 2022 program is to advance the underground deposit to production and advance permitting and feasibility work on the open pit opportunity. Underground drilling is focused on delineating sufficient resources for mine development and sustained mining operations.
McCoy-Cove
The McCoy-Cove Project covers 30,923 acres and is located 32 miles south of the town of Battle Mountain, in the Fish Creek Mountains of Lander County, Nevada, and lies within the McCoy Mining District. The McCoy-Cove Project is, for the most part, on land controlled by the U.S. Department of Interior, Bureau of Land Management ("BLM") and patented mining claims. The McCoy-Cove Project consists of 1,535 100%‑owned unpatented claims and twelve leased patented claims.
Expenditures during the quarter were for construction of an exploration decline that has advanced approximately 300 feet in addition to metallurgical and hydrology studies, engineering of de-watering and mining options, and reclamation activities associated with the inactive tailings storage facility.
Ruby Hill
Ruby Hill includes an open pit mine and related infrastructure (mill / heap leach) and is located immediately west of the town of Eureka proximal to Highway 50. The Ruby Hill Property is host to multiple gold, silver and base metal deposits that collectively comprise one of Nevada's largest mineral endowments that offer substantial upside. In Q1-2022, i-80 advanced a multi-drill campaign that will see a minimum of 20,000 metres drilled in 2022 followed by a resource update. All deposits remain open along strike and at depth.
Multiple gold and polymetallic exploration targets exist on the property and i-80 will begin permitting for the construction of a decline to access the high-grade Ruby Deeps deposit and the Blackjack Zone with the intent of trucking refractory mineralization for processing at Lone Tree.
In the first quarter, 2022, three drill rigs were utilized, drilling a total of 18 holes for 8,078 meters. Thirteen holes were completed, and drilling completed was in-line with the plan. Drilling targets included infill and step-out drilling of the Ruby Deeps, the 426 Zone, and will test additional targets during the year.
Residual leaching activities ramped up at Ruby Hill with 646 ounces of gold sold during the period at a cash cost per ounce sold and All-in sustaining cost per ounce sold of $1,281 and $1,453, respectively.
Investor Day Webcast & Conference Call – May 10, 2022
In lieu of a management call on the quarter, the Company will host an Investor Day presentation in person at the Toronto Board of Trade on May 10, 2022, commencing at 4:30 pm EDT, providing the opportunity for analysts and investors to ask questions of i-80 Gold's executive team. A live conference call and webcast will also be available to those that are unable to attend in person. Details of the conference call and webcast can be found below.
Conference Call
North American Toll-free: 1-888-204-4368
Confirmation #: 3896886
Webcast Link
Click HERE to access the webcast or visit our website at www.i80gold.com.
Conference Call Replay
A recording of the call can be accessed until May 17, 2022.
North American Toll-free Replay: 1-888-203-1112
Replay Code: 3896886
Qualified Person
The scientific and technical information contained in this press release was reviewed by Tim George, PE, Mining Operations Manager, and a Qualified Person within the meaning of National Instrument 43‑101.
About i-80 Gold Corp.
i-80 Gold Corp. is a well-financed, Nevada-focused, mining company with a goal of achieving mid-tier gold producer status through the development of multiple deposits within the Company's advanced-stage property portfolio anticipated to be processed at the centrally located Lone Tree processing facility and autoclave
Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws, including but not limited to, actual production results and costs, results of operation outcomes and timing of updated technical studies at the Company's mineral projects, timing to advance mineral projects to production and advance permitting and feasibility work on the on its mineral projects and future production, development and exploration results. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect the Company's current expectations regarding future events, performance and results and speak only as of the date of this release.
Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to: material adverse changes, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated
results or results that would justify and support continued exploration, studies, development or operations. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to i-80's filings with Canadian securities regulators, including the most recent Annual Information Form, available on SEDAR at www.sedar.com.
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LOS ANGELES, May 9, 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 Innovative Industrial Properties, Inc. ("Innovative Industrial Properties" or the "Company") (NYSE: IIPR).
Class Period: May 7, 2020 – April 13, 2022
Lead Plaintiff Deadline: June 24, 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: (1) that the Company's focus is to be a cannabis company lender rather than a real estate investment trust; (2) that the true values of the Company's properties are significantly lower than Innovative Industrial Properties represents; (3) existential issues in its top customers; (4) that as a result, its top customers may not be able to continue making payments to the Company, which would face significant issues replacing these customers; and (5) 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.whsv.com/prnewswire/2022/05/09/iipr-investors-have-opportunity-lead-innovative-industrial-properties-inc-securities-fraud-lawsuit/ | 2022-05-10T06:57:54Z |
WASHINGTON, May 9, 2022 /PRNewswire/ -- NASA and Boeing will hold a media teleconference at about 6 p.m. EDT on Wednesday, May 11, following the Flight Readiness Review for the agency's Boeing Orbital Flight Test-2 (OFT-2), the second uncrewed flight test of the company's CST-100 Starliner spacecraft for the agency's Commercial Crew Program.
Audio of the teleconference will stream live on the agency's website.
The teleconference will focus on the readiness of the flight test and is targeted to begin approximately one hour after the readiness review concludes with the following participants:
- Kathryn Lueders, associate administrator, NASA's Space Operations Mission Directorate
- Steve Stich, manager, NASA's Commercial Crew Program
- Joel Montalbano, manager, NASA's International Space Station Program
- Emily Nelson, acting chief flight director, NASA's Flight Operations Directorate
- Mark Nappi, vice president and program manager, Boeing Commercial Crew Program
Media wishing to participate in the teleconference must RSVP by 5 p.m., Wednesday, May 11, by emailing the newsroom at NASA's Kennedy Space Center in Florida at: ksc-newsroom@mail.nasa.gov. A copy of NASA's media accreditation policy is online.
OFT-2 is targeted to launch at 6:54 p.m. Thursday, May 19, from Space Launch Complex-41 at Cape Canaveral Space Force Station in Florida. Starliner will launch on a United Launch Alliance Atlas V rocket for its uncrewed test to the International Space Station.
Starliner is expected to arrive at the space station for docking about 24 hours after launch with more than 500 pounds of NASA cargo and crew supplies. After a successful docking, Starliner will spend five to 10 days aboard the orbiting laboratory before returning to Earth in the western United States. The spacecraft will return with nearly 600 pounds of cargo, including reusable Nitrogen Oxygen Recharge System (NORS) tanks that provide breathable air to station crew members.
More details about the flight test and NASA's commercial crew program can be found by following the commercial crew blog, as well as on Twitter and Facebook.
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SOURCE NASA | https://www.whsv.com/prnewswire/2022/05/09/nasa-boeing-discuss-readiness-uncrewed-flight-test/ | 2022-05-10T06:58:00Z |
GARDEN CITY, N.Y., May 9, 2022 /PRNewswire/ -- The Mollie Biggane Melanoma Foundation and the New Jersey Coalition of Fire Academies announce a partnership to promote skin cancer prevention among New Jersey fire fighters and first responders. Running into burning buildings and battling out of control fires isn't the only risk for fire fighters. According to the CDC/National Institute for Occupational Health and Safety (NIOSH) first responders have a higher risk of developing skin cancer than the general population. Studies have shown an increased risk for mesothelioma and lung cancer but in a study published in the JAMA of Dermatology, fire fighters are also found to be diagnosed with melanoma at younger ages – an average of 42.
On May 17th at the Morris County Public Safety Training Academy in Parsippany, the Mollie Biggane Melanoma Foundation and the New Jersey Division of Fire Safety will initiate a program to bring skin cancer awareness to incoming and incumbent fire fighters. "We want to help those who help others," said Jack Biggane, President of the Mollie Biggane Melanoma Foundation. Richard Mikutsky, Director of the New Jersey Division of Fire Safety, added "New Jersey Fire Academy's training programs are focused on making our fire fighters the most prepared and we train accordingly. We believe skin cancer prevention is an important self-help tool. Our people need to know their risk and take appropriate action to mitigate that risk. The 22 sunscreen dispensers, posters and education materials that Mollie's Fund has donated to our program will remind our personnel that sunscreen use prevents skin cancer." Russell F. Osgood, VP of Education, Research and Outreach for the Firefighter Cancer Support Network, echoed their support of the program, "It is so important that fire fighters use every tool they can to reduce the risk of developing or dying from cancer. Melanoma is a deadly cancer for fire fighters…"
The New Jersey Division Of Fire Safety provides training programs educating aspiring fire fighters teaching them the skills and know-how they will need to respond not just to fires but other emergencies. New Jersey Fire Fighters Academy educates thousands of fire fighters each year during a 16 week intensive program that enables them to serve the most densely populated state in the United States.
For more than 20 years, Mollie's Fund has worked to increase melanoma awareness and provide information and services on skin cancer detection. For more information visit: www.molliesfund.org
Media Contact:
John Biggane
bigganej@optonline.net
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SOURCE Mollie Biggane Melanoma Foundation | https://www.whsv.com/prnewswire/2022/05/09/new-jersey-fire-academies-mollies-fund-work-together-skin-cancer-prevention/ | 2022-05-10T06:58:07Z |
GREEN BAY, Wis., May 9, 2022 /PRNewswire/ -- Nicolet Bankshares, Inc. (NASDAQ: NCBS) ("Nicolet" or the "Company") today announced that it is transferring the listing of its common stock to the New York Stock Exchange ("NYSE") from The Nasdaq Stock Market LLC ("Nasdaq"). The Company's common stock is expected to begin trading on the NYSE on May 24, 2022, under the ticker symbol of "NIC". Nicolet will continue to trade its common stock on Nasdaq until the close of the market on May 23, 2022.
"Nicolet is pleased to join the NYSE alongside many of the world's most established and well-regarded companies," said Mike Daniels, President and CEO of Nicolet. "As excited as we are about this new partnership, our focus remains steadfast on serving our customers, communities, and employees, with the results of that service being the return to shareholders."
"We are excited to welcome Nicolet, one of the country's prominent community banks, as it joins the NYSE's own community of icons and disruptors," said John Tuttle, Vice Chairman and Chief Commercial Officer, NYSE Group.
About Nicolet Bankshares, Inc.
Nicolet Bankshares, Inc. is the bank holding company of Nicolet National Bank, a growing, full-service, community bank providing services ranging from commercial and consumer banking to wealth management and retirement plan services. Founded in Green Bay in 2000, Nicolet National Bank operates branches in Northeast and Central Wisconsin, the upper peninsula of Michigan, and Northern Michigan. More information can be found at www.nicoletbank.com.
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SOURCE Nicolet Bankshares, Inc. | https://www.whsv.com/prnewswire/2022/05/09/nicolet-bankshares-inc-announces-transfer-common-stock-listing-new-york-stock-exchange/ | 2022-05-10T06:58:14Z |
VANCOUVER, BC, May 9, 2022 /PRNewswire/ - Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) ("Pan American" or the "Company") today provides results for 43 new infill and exploration drill holes totaling 38,460 metres, all of which contain multiple skarn and breccia intercepts. Highlights include infill hole U-04-22 with 233.70 metres at 44g/t Ag, 4.05% Pb and 5.04% Zn and step-out hole U-08-22 with 174.95 metres at 40 g/t Ag, 0.17% Pb and 7.95% Zn and 46.95 metres at 78 g/t Ag, 3.84% Pb, 8.79% Zn.
"We drilled more metres on the skarn in the first quarter of 2022 than during any other quarterly period, with infill drilling increasing our confidence in the central skarn resource and exploration drilling further defining the extensions to the east, south and west," said Christopher Emerson, Pan American's Vice President Business Development and Geology. "Over 100,000 metres have been drilled on the skarn since the last resource estimate dated August 4, 2020, and the program continues with 14 machines. The results from this program will be included in an updated resource estimate that we plan to provide in the third quarter of 2022."
Drill Highlights Include:
- U-04-22: 233.70 m of 44 g/t Ag, 0.15% Cu, 4.05% Pb and 5.04% Zn
- U-08-22: 174.95 m of 40 g/t Ag, 0.21% Cu, 0.17% Pb and 7.95% Zn including 99.10 m of 56 g/t Ag, 0.28% Cu, 0.24% Pb and 10.78% Zn and 46.95 m of 78 g/t Ag, 0.07% Cu, 3.84% Pb and 8.79% Zn
- D-96-01-21: 154.00 m of 57 g/t Ag, 0.08% Cu, 2.43% Pb and 4.36% Zn, including 96.00 m of 78 g/t Ag, 0.11% Cu, 3.12% Pb and 5.68% Zn
- U-105-21: 121.45 m of 77 g/t Ag, 0.08% Cu, 2.00% Pb and 5.48% Zn; and 32.90 m of 104 g/t Ag, 0.09% Cu, 0.36% Pb and 3.43% Zn; and 44.15 m of 114 g/t Ag, 0.04% Cu, 3.15% Pb and 4.15% Zn; and 16.55 m of 122 g/t Ag, 0.11% Cu, 5.05% Pb and 9.07% Zn
- U-127-21: 101.90 m of 43 g/t Ag, 0.18% Cu, 0.48% Pb and 6.62% Zn
- U-95-21: 88.30 m of 49 g/t Ag, 0.07% Cu, 1.46% Pb and 5.08% Zn; and 35.35 m of 83 g/t Ag, 0.03% Cu, 3.66% Pb and 2.14% Zn; and 22.55 m of 176 g/t Ag, 0.09% Cu, 3.33% Pb and 5.94% Zn
- D-62-04-21: 117.10 m of 64 g/t Ag, 0.06% Cu, 2.06% Pb and 3.24% Zn including 53.05 m of 99 g/t Ag, 0.07% Cu, 4.07% Pb and 5.97% Zn and 28.35 m of 157 g/t Ag, 0.02% Cu, 4.56% Pb and 5.82% Zn
- D-77-01-22: 102.05 m of 58 g/t Ag, 0.13% Cu, 1.42% Pb and 3.43% Zn including 26.65 m of 124 g/t Ag, 0.22% Cu, 2.26% Pb and 5.53% Zn and 15.30 m of 43 g/t Ag, 0.03% Cu, 2.46% Pb and 4.38% Zn
Drilling from an underground platform into the western part of the skarn deposit has successfully expanded the mineralization 120 metres to the northwest with step-out drill holes 105-21, 08-22, 95-21, and 127-21 all containing multiple polymetallic sulphide intercepts up to 175 metres in length, as reported in "Drill Highlights" above. The skarn deposit remains open to the northwest and at depth.
Infill drilling in the central eastern part of the deposit confirmed continuous mineralization over a 400 metre-wide area.
The eastern part of the deposit has been extended 80 metres to the north and south, with infill and exploration drilling from surface platforms defining multiple mineralized intercepts in step-out drill holes D-73-1-21 and D-71-04-21 and D-62-04-21, ranging between 10 to 117 metres wide.
The central part of the deposit was extended 150 metres to the south with step out drilling from surface located at S-90-21 and S-95-21. Six holes (95-04/05/06/07/08 and 09) all reported wide zones of breccia-style mineralization up to 215 metres thick. The deposit remains open to the south.
Summary of Drill Results
The following table provides the drill results for the La Colorada skarn deposit for the first quarter of 2022.
Previous drill results not included in this table are disclosed in Pan American's news releases, which are available, together with cross sections, plan and images of the skarn mineralized core, at:
https://www.panamericansilver.com/operations/exploration/la-colorada-skarn/.
La Colorada Skarn - Drill Hole Collar Information
General Notes with Respect to Technical Information
Grades are shown as contained metal before mill recoveries are applied. All samples provided in this news release were assayed by SGS Durango, Mexico using acid digestion with ICP finish for silver, lead, zinc, and copper and ALS Global using the same analytical procedure. Samples sent to SGS Durango were prepared in Durango and ALS Global are prepared in Zacatecas, Mexico laboratory and send to Vancouver B.C. Laboratory for assay. Pan American implements a quality assurance and quality control ("QAQC") program including the submission of certified standards, blanks, and duplicate samples to the laboratories. The results of the QAQC samples submitted to SGS and ALS demonstrate acceptable accuracy and precision. The Qualified Person is of the opinion that the sample preparation, analytical, and security procedures followed for the samples are sufficient and reliable for the purpose of any future Mineral Resource and Mineral Reserve estimates. Pan American is not aware of any drilling, sampling, recovery or other factors that could materially affect the accuracy or reliability of the data reported herein. SGS and ALS are independent from Pan American.
Mineral Resources and Mineral Reserves are as defined by the Canadian Institute of Mining, Metallurgy and Petroleum.
Mineral Resources that are not Mineral Reserves have no demonstrated economic viability. No Mineral Reserves have yet been estimated for the Skarn deposit.
See the Company's Annual Information Form dated February 23, 2022, available at www.sedar.com for further information concerning QAQC and data verification matters, the key assumptions, parameters and methods used by the Company to estimate Mineral Reserves and Mineral Resources, and for a detailed description of known legal, political, environmental, and other risks that could materially affect the Company's business and the potential development of the Company's Mineral Reserves and Mineral Resources.
Technical information contained in this news release with respect to Pan American has been reviewed and approved by Christopher Emerson, FAusIMM, Vice President Business Development and Geology, and Martin Wafforn, P.Eng., Senior Vice President Technical Services and Process Optimization, each of whom is a Qualified Person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects (''NI 43-101'').
Pan American Silver Corp is authorized by The Association of Professional Engineers and Geoscientists of the Province of British Columbia to engage in Reserved Practice under Permit to Practice number 1001470.
Pan American owns and operates silver and gold mines located in Mexico, Peru, Canada, Argentina and Bolivia. We also own the Escobal mine in Guatemala that is currently not operating. Pan American provides enhanced exposure to silver through a large base of silver reserves and resources, as well as major catalysts to grow silver production. We have a 28-year history of operating in Latin America, earning an industry-leading reputation for sustainability performance, operational excellence and prudent financial management. We are headquartered in Vancouver, B.C. and our shares trade on NASDAQ and the Toronto Stock Exchange under the symbol "PAAS".
Learn more at panamericansilver.com.
Cautionary Note Regarding Forward-Looking Statements and Information
Certain of the statements and information in this news release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian provincial securities laws. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: the timing for, amount of, and anticipated results of, any exploration or development programs with respect to the Company's La Colorada Skarn project, including the potential for further definition or expansion of the Mineral Resource in the future; the timing of any update to the Mineral Resource estimate and the results of any such update; and the potential generation of minerals, if any, and the quality thereof.
These forward-looking statements and information reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: our Mineral Resource estimates and the assumptions upon which they are based; ore grades and recoveries; prices for silver, gold, and base metals remaining as estimated; currency exchange rates remaining as estimated; capital, decommissioning and reclamation estimates; prices for energy inputs, labour, materials, supplies and services (including transportation); all necessary permits, licenses and regulatory approvals for the La Colorada mine and related exploration projects are received in a timely manner; our ability to secure and maintain the surface rights necessary for our operations; and our ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.
The Company cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the duration and effects of the COVID-19 virus and any other pandemics on our operations and workforce, and the effects on global economies and society; fluctuations in silver and gold prices; fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation); fluctuations in currency markets (such as the Canadian dollar, Peruvian sol, Mexican peso, Argentine peso and Bolivian boliviano versus the U.S. dollar); risks relating to inflation and the global economic environment; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom the Company does business; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards; employee relations; relationships with, and claims by, local communities and indigenous populations; our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices, including environmental, export and import laws and regulations; changes in national and local government, legislation, taxation, controls or regulations and political, legal or economic developments in Canada, the United States, Mexico, Peru, Argentina, Bolivia, Guatemala or other countries where the Company may carry on business, including legal restrictions relating to mining; risks relating to expropriation; risk of liability relating to our past sale of the Quiruvilca mine in Peru; diminishing quantities or grades of Mineral Reserves as properties are mined; increased competition in the mining industry for equipment and qualified personnel; and those factors identified under the caption "Risks Related to Pan American's Business" in the Company's most recent form 40-F and Annual Information Form filed with the United States Securities and Exchange Commission and Canadian provincial securities regulatory authorities, respectively. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Investors are cautioned against undue reliance on forward-looking statements or information. Forward-looking statements and information are designed to help readers understand management's current views of our near and longer term prospects and may not be appropriate for other purposes. The Company does not intend, nor does it assume any obligation to update or revise forward-looking statements or information, whether as a result of new information, changes in assumptions, future events or otherwise, except to the extent required by applicable law.
Cautionary Note to US Investors
This news release has been prepared in accordance with the requirements of Canadian NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards, which differ from the requirements of U.S. securities laws. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects.
Canadian public disclosure standards, including NI 43-101, differ significantly from the requirements of the United States Securities and Exchange Commission (the "SEC"), and information concerning mineralization, deposits, Mineral Reserve and resource information contained or referred to herein may not be comparable to similar information disclosed by U.S. companies. In particular, and without limiting the generality of the foregoing, this news release uses the terms ''Measured Resources'', ''Indicated Resources'', and ''Inferred Resources''. U.S. investors are advised that, while such terms are recognized and required by Canadian securities laws, the SEC does not recognize them. The requirements of NI 43-101 for identification of ''Reserves'' are not the same as those of the SEC, and Mineral Reserves reported by the Company in compliance with NI 43-101 may not qualify as ''Reserves'' under SEC standards. Under U.S. standards, mineralization may not be classified as a ''reserve'' unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. U.S. investors are cautioned not to assume that any part of a "Measured Resource" or "Indicated Resource" will ever be converted into a "reserve". U.S. investors should also understand that "Inferred Resources" have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of "Inferred Resources" exist, are economically or legally mineable or will ever be upgraded to a higher category. Under Canadian securities laws, estimated "Inferred Resources" may not form the basis of feasibility or pre-feasibility studies except in rare cases. Disclosure of "contained ounces" in a Mineral Resource is permitted disclosure under Canadian securities laws. However, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade, without reference to unit measures. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.
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Two model homes at Sky Village at Rocking K open for tours this weekend
TUCSON, Ariz., May 9, 2022 /PRNewswire/ -- Richmond American Homes of Arizona, Inc., a subsidiary of M.D.C. Holdings, Inc. (NYSE: MDC), is pleased to announce that Sky Village at Rocking K (RichmondAmerican.com/SkyVillageAtRockingK) is now open for sales. This notable new community in Tucson showcases six inspired ranch and two-story floor plans, and two fully furnished model homes will open for tours by appointment this weekend.
Model tours
Prospective homebuyers and area agents are encouraged to schedule a tour of the new Cassandra and Townsend model homes at Sky Village at Rocking K for Saturday, May 14, or Sunday, May 15. Visits can be booked by calling 520.498.4105 and making an appointment with a New Home Specialist.
About Sky Village at Rocking K:
- New ranch and two-story homes from the $400s
- 3 to 5 bedrooms and approx. 2,220 to 2,910 sq. ft.
- Concrete-paver driveways, private suites, 3-car garages and rustic metal garage doors available
- Desirable location in Vail School District, near Davis-Monthan Air Force Base
- Close proximity to parks, trails, playgrounds, sports courts, a wildlife sanctuary and more
- Cassandra and Townsend model homes open for tours beginning this weekend!
Those who choose to build a new home from the ground up at Sky Village at Rocking K will have the opportunity to work with professional design consultants at the builder's Home Gallery™ to select colors, textures, finishes and fixtures for their new living spaces—a complimentary service!
Sky Village at Rocking K is located at 7857 S. Orions Belt Drive in Tucson. Call 916.472.7380 or visit RichmondAmerican.com for more information. View health and safety updates at RichmondAmerican.com/COVID-19.
About M.D.C. Holdings, Inc.
Operating under the name Richmond American Homes, MDC's homebuilding subsidiaries have built more than 220,000 homes since 1977. Among the nation's largest homebuilders, MDC's subsidiary companies have operations in Arizona, California, Colorado, Florida, Idaho, Maryland, Nevada, New Mexico, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia and Washington. Mortgage lending, plus insurance and title services are offered by the following MDC subsidiaries, respectively: HomeAmerican Mortgage Corporation, American Home Insurance Agency, Inc. and American Home Title and Escrow Company. M.D.C. Holdings, Inc. is traded on the New York Stock Exchange under the symbol "MDC." For more information, visit MDCHoldings.com.
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SOURCE M.D.C. Holdings, Inc. | https://www.whsv.com/prnewswire/2022/05/09/richmond-american-debuts-new-community-tucson/ | 2022-05-10T06:58:27Z |
NEW YORK, May 9, 2022 /PRNewswire/ --
If you own shares in any of the companies listed above and
would like to discuss our investigations or have any questions concerning
this notice or your rights or interests, please contact:
Joshua Rubin, Esq.
Weiss Law
305 Broadway, 7th Floor
New York, NY 10007
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Tivity Health, Inc. (NASDAQ: TVTY)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Tivity Health, Inc. (NASDAQ: TVTY), in connection with the proposed acquisition of TVTY by funds managed by Stone Point Capital. Under the terms of the merger agreement, TVTY shareholders will receive $32.50 in cash for each share of TVTY common stock owned. If you own TVTY shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/tvty
TEGNA Inc. (NYSE: TGNA)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of TEGNA Inc. (NYSE: TGNA), in connection with the proposed acquisition of TGNA by an affiliate of Standard General L.P. ("Standard General"). Under the terms of the merger agreement, TGNA shareholders will receive $24.00 in cash for each share of TGNA common stock that they hold. Additionally, TGNA shareholders will receive additional cash consideration in the form of a "ticking fee," the amount varying depending on the date of the closing of the transaction. If you own TGNA shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/tgna
Meritor, Inc. (NYSE: MTOR)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Meritor, Inc. (NYSE: MTOR), in connection with the proposed acquisition of MTOR by Cummins Inc. Under the terms of the merger agreement, MTOR shareholders will receive $36.50 in cash for each share of MTOR common stock that they hold. If you own MTOR shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/mtor
Tenneco Inc. (NYSE: TEN)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Tenneco Inc. (NYSE: TEN), in connection with the proposed acquisition of TEN by funds managed by affiliates of Apollo. Under the terms of the acquisition agreement, TEN shareholders will receive $20.00 in cash for each share of TEN common stock that they hold. If you own TEN shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/ten
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SOURCE Weiss Law | https://www.whsv.com/prnewswire/2022/05/09/shareholder-alert-weiss-law-reminds-tvty-tgna-mtor-ten/ | 2022-05-10T06:58:34Z |
PORTLAND, Ore., May 9, 2022 /PRNewswire/ -- Freightliner Trucks, a division of Daimler Truck North America LLC (DTNA), today unveiled the new eCascadia at ACT Expo in Long Beach, CA. Built on the best-selling heavy-duty truck platform in North America, the new battery electric Freightliner eCascadia provides customers with a zero-emission version of the industry-leading Cascadia and debuts its innovative safety and connectivity features.
Extensive development and rigorous testing through several prototypes and customer-tested trucks, resulted in a powerful and efficient battery electric truck with multiple battery and drive axle options, providing a typical range of 230 miles (depending on vehicle configurations)1. The eCascadia is ideally suited for short-haul routes that allow for depot-based charging, examples of which include last mile logistics, local and regional distribution, drayage and warehouse to warehouse applications.
- 320-470 hp (Horsepower)
- Typical range of 230 miles (depending on vehicle configurations)1
- Multiple battery options and maximum capacity of almost 440 kWh2
- Recharge of 80 percent in approximately 90 minutes
- Up to 82,000 lbs max GCW (Gross Combination Weight)
- Available with single or tandem eAxle
- 116" day cab configuration
Powered by in-house developed Detroit ePowertrain
Detroit, the industry-leading manufacturer of state-of-the-art engines, axles and transmissions, is the power behind the eCascadia. The in-house developed Detroit ePowertrain is designed for a full integration with the eCascadia for maximum power, increased driving dynamics, and driver comfort, all with zero emission.
The eAxle is an electric drivetrain component integrated with an electric motor, transmission and specialized electronics within a compact unit. Detroit's ePowertrain provides two eAxle designs including a dual motor with max torque of 23,000 lb-ft and max power of 395 hp, and a single motor featuring a max torque of 11,500 lb-ft and max power of 195 hp.
The Detroit ePowertrain offers three battery options for a range of sizes and average, zero-to-full charging times starting with 194 kWh (one and a half to three hours), 291 kWh (two to four hours), and 438 kWh (two to six hours). Detroit's Li-Ion batteries enable the eCascadia to meet critical range targets without sacrificing payload.
Because the Detroit ePowertrain produces less heat than a traditional combustion engine, temperature and packaging requirements for cooling are minimized. This allows the eCascadia to come with closed hood vents, and a new grille, which reduces drag by forcing more air around the vehicle, as opposed to pulling it through the radiator.
Innovative Detroit Connect eServices for an efficient and productive electric fleet
Connectivity plays a critical role in successful freight operations. Innovative Detroit Connect eServices have been exclusively developed for eCascadia and offer features that allow for maximum uptime, productivity, and profitability.
An in-house developed Charger Management System (CMS) is integrated directly into the Detroit Connect portal. CMS provides reports about depot utilization, data for grant compliance and Low Carbon Fuel Standard credit reporting, and can strategically save fleets money by leveraging demand-response incentives from local utilities. Additionally, CMS allows for staggered charging of multiple vehicles, charging during off-peak-demand hours, and partial charging. CMS is optimized for use with Detroit eFill chargers, and is also compatible with other popular charger models.
The eRange prediction tool automatically and accurately calculates and displays range over the course of a proposed trip. To give the most accurate indication possible, the tool analyzes multiple data inputs including vehicle parameters, load, weather, traffic, and road gradient. eRange Prediction allows for testing of "what-if" scenarios and performs analysis.
Battery health monitoring tracks and gives visibility into the eCascadia battery's state-of-health percentage, state-of-charge percentage, remaining range miles, and charging status. Post-trip analysis gives actionable information to improve the eCascadia's performance, utilization, and driver training. Based on actual trip data, users can visualize and quantify operational differences between trips. Outlying data is highlighted so that managers can easily identify exceptional situations.
Initial release of the CMS solution will occur in Q4 of 2022. Additional CMS features will be introduced in 2023.
Detroit Connect's traditional features are also available on the new eCascadia, including remote updates to reduce the need to stop and physically connect the vehicle to initiate firmware updates. Remote updates allow users to update one or hundreds of trucks from a single location.
Detroit Assurance suite of safety systems for electric trucks
The Freightliner eCascadia comes standard with Detroit Assurance with Active Brake Assist 5 (ABA 5), setting the benchmark for advanced safety for heavy-duty electric commercial vehicles.
The release of the series production eCascadia marks the debut of a new Detroit Assurance safety feature: Active Side Guard Assist (ASGA). This industry-first technology engages at urban speeds (12 mph or less) to mitigate the truck from making a right turn when a moving cyclist or pedestrian is detected on the passenger side of the truck. ASGA applies automatic braking along with visual and auditory warnings, and is ideal for busy urban settings. This first-of-its-kind technology will help to protect pedestrian on the road today.
The eCascadia will also be the first version of the Cascadia to come standard with Active Lane Assist (ALA). As another first-of-its-kind safety feature it combines Level 2 automated driving with a suite of driver comfort features.
Detroit eConsulting and eFill chargers for seamless transition to electric
Detroit eConsulting is a customer-solution with the goal of making electrification for fleets approachable. The team has worked with nearly 40 Freightliner customers in the last several years. Detroit eConsultants are able to connect all of the dots for customers including right-sizing infrastructure, choosing ideal chargers, navigating rebates and incentives, site selection, connectivity insights, photovoltaic and energy storage options and more.
Additionally, the Detroit eFill line of electric commercial vehicle chargers provide an array of commercial charger options for customers and charging station operators designed for seamless integration with the Detroit ePowertrain. The first Detroit eFill chargers were deployed across California earlier this year by California Truck Centers.
Read more about Daimler Truck North America: newsroom
Media Contact
Anja Weinert, +1 6696001478
Fred Ligouri, +1 5037457424
Andrew Johnson, +1 5037997234
Daimler Truck North America LLC, headquartered in Portland, Oregon, is a leading provider of comprehensive products and technologies for the commercial transportation industry. Daimler Truck North America designs, engineers, manufactures and markets medium- and heavy-duty trucks, school buses, vehicle chassis and their associated technologies and components under the Freightliner, Western Star, Thomas Built Buses, Freightliner Custom Chassis Corp and Detroit brands. Daimler Truck North America is a subsidiary of Daimler Truck Holding AG (DTG), one of the world's leading commercial vehicle manufacturers.
1 Tandem-drive: 220 miles / single-drive long-range: 230 miles / single-drive standard range: 155 miles
2 Two spec'able battery capacities: 438 kWh (for tandem and single-drive) / 291 kWh (only for single-drive)
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SOURCE Daimler Truck North America | https://www.whsv.com/prnewswire/2022/05/09/world-remiere-new-battery-electric-freightliner-ecascadia/ | 2022-05-10T06:58:40Z |
Proprietary emissions-free battery recycling technology to be deployed to recycle both lead-acid and lithium-ion batteries
BELLEVUE, Wash., May 10, 2022 /PRNewswire/ -- Recycling technology company, ACE Green Recycling (ACE) is announcing its plans to build and operate North America's largest emissions-free and sustainable battery recycling park in Texas, USA. The 400,000 square foot facility will be able to recycle both lead-acid and lithium-ion batteries when fully operational. These batteries are key elements in the automotive, power storage, telecommunications industry and portable devices like mobile phones and laptops.
The facility is expected to start its phase 1 of operations in the third quarter of 2023, starting with the recycling of lead-acid batteries using ACE's proprietary emission-free battery recycling technology and followed with a lithium-ion battery recycling facility in proximity. When operating at full capacity, ACE expects the facility to process and recycle up to 100,000 metric ton of used lead-acid batteries and 20,000 metric ton of used lithium-ion batteries annually by 2025.
Traditionally, battery recycling is via the smelting process which involves operating at extremely high temperatures – often more than 1,000 °C – with the burning of expensive and polluting fossil fuels, producing significant greenhouse gases (GHG), and exposing workers to hazardous working conditions. Compared to smelting, ACE's proprietary technologies for both lead-acid and lithium-ion battery recycling are fully electrified with zero carbon emissions and provide higher battery material yields while providing a safer workplace environment. ACE is also exploring opportunities for operating most of its key plant activities with solar energy to reduce the facility's Scope 2 emissions.
ACE has identified Texas to locate its flagship battery recycling facility in the United States. With a growing population and easy access to an abundance of spent batteries from automobiles and other industrial sources, Texas is an obvious choice for ACE's new plant.
Due to the lack of sufficient recycling capacity, the US is currently exporting a large volume of its scrap batteries to Mexico and Asia while importing battery materials back to make new batteries leading to a major value loss. By establishing a large operation in Texas, ACE intends to reduce America's dependence on imports of battery materials and batteries from foreign suppliers that are often subject to adverse global supply chain issues.
"Texas sits at the heart of the world's global energy revolution with key access to an abundant pool of top engineering and technical talent. ACE's new facility aims to be part of that revolution and build a greener, more sustainable future for America," said Nishchay Chadha, ACE's Co-Founder and Chief Executive Officer.
ACE's Texas lead-acid recycling facility will be scaled up in phases. When fully operational, it is projected to recycle more than 5 million lead-acid batteries, prevent more than 50,000 metric ton of GHG emissions, reduce landfill dumping of more than 10 million pounds of hazardous solid waste, and recycle more than 15 million pounds of plastics annually. The facility will also generate up to 100 direct and indirect well-paying American jobs for the local economy. ACE will be announcing more details about its lithium-ion battery recycling operations in upcoming months.
The green technology solutions start-up will utilize its own funds and collaborate with several strategic and financial investors to set up the envisioned Texas battery recycling park. "We are excited to establish our first North American facility in the state of Texas that will not only generate significant local economic activity but also contribute to a greener environmental footprint," said Dr Vipin Tyagi, Co-founder and Chief Technology Officer of ACE. "By contributing to America's battery recycling capabilities, we also aim to strengthen the country's energy independence and build a more resilient future for the nation."
ACE has already deployed its technology on a commercial scale and most recently announced a deal with Pondy Oxides & Chemicals Ltd (BSE: 532626), a leading recycler in India, and is set to announce new facilities in Asia, Europe, and the Middle East by early 2023.
About ACE Green Recycling Inc
ACE Green Recycling is an American green recycling technology company with global operations across Southeast Asia and India. The company has started commercializing its proprietary recycling process for used lead-acid batteries that releases no greenhouse gas emissions and is currently scaling up its zero-emission technology to recycle lithium-ion batteries. ACE is also simultaneously working on clean technology solutions for other metallic waste streams. The team behind ACE has decades of recycling, technology and scrap supply chain experience, making them poised to become a leader in global recycling.
For media enquiries, please contact:
Ikram Zainy
Superminted Pte Ltd
ikram@superminted.com
Tel: +(65) 96553441
For any enquiries, please contact:
ACE Green Recycling
communications@ace-green.com
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SOURCE ACE Green Recycling | https://www.whsv.com/prnewswire/2022/05/10/ace-green-recycling-build-north-americas-largest-green-battery-recycling-park-texas/ | 2022-05-10T06:58:47Z |
SHANGHAI, May 9, 2022 /PRNewswire/ -- AffaMed Therapeutics ("AffaMed"), a global clinical-stage biopharmaceutical company dedicated to developing and commercializing transformative pharmaceutical, digital and surgical products, held a DEXTENZA Launch and Advisory Board Meeting recently in Macau, following DEXTENZA's approval for the treatment of post-surgical ocular pain and inflammation. Dr. Iat Fan Lai from Kiang Wu Hospital, Dr. John Hovanesian from Harvard Eye Association, Dr. Alice Epitropoulos from The Eye Center of Columbus, and 21 surgeons from Macau and Hong Kong attended the meeting in person or virtually.
The meeting was held to facilitate academic and clinical communication, share the patient benefit of DEXTENZA, and collect insights from the healthcare practitioners in Macau and Hong Kong on post-surgical ocular pain and inflammation. The meeting's topics covered corticosteroid clinical application in Macau and unmet clinical needs, the introduction of DEXTENZA's clinical benefits, DEXTENZA clinical experience sharing, and academic discussion.
Dr. Dayao Zhao, CEO of AffaMed joined the meeting online and commented: "DEXTENZA has made significant advances in Mainland China and Macau. We are excited to launch the product, and we look forward to working with the experts to bring this preservative-free and noninvasive treatment option to patients suffering post-surgical ocular pain and inflammation in Macau."
Dr. Iat Fan Lai from Kiang Wu Hospital, Macau said: "The launch of DEXTENZA in Macau is exciting news for us. Its innovative hydrogel technology will reduce the drug burden of patients and improve treatment experience and convenience. And knowledge sharing from USA KOLs is very precious, helping us have a comprehensive understanding about current DEXTENZA clinical practice and operation tips."
Dr. John Hovanesian from Harvard Eye Association said: "I'm thrilled to be part of the launch of this innovative technology with our colleagues in Macau. Sustained drug delivery gives patients convenience and surgeon's confidence with a proven safe platform."
Dr. Alice Epitropoulos from The Eye Center of Columbus said: "DEXTENZA is a major step forward in steroid treatment with improved compliance and a healthier ocular surface. I am excited for surgeons & patients in Macau who will now also have access to this advancement in drug delivery."
In 2020, AffaMed Therapeutics entered into a licensing agreement with Ocular Therapeutix (NASDAQ: OCUL) for the development and commercialization of DEXTENZA in Greater China, South Korea, and certain ASEAN markets. DEXTENZA is currently approved in the U.S. for the treatment of ocular inflammation and pain following ophthalmic surgery and for the treatment of ocular itching associated with allergic conjunctivitis.
About AffaMed Therapeutics
AffaMed Therapeutics is a clinical stage biopharmaceutical company focused on developing and commercializing transformative pharmaceutical, digital and surgical products that address critical unmet medical needs in ophthalmological, neurological and psychiatric disorders for patients in Greater China and around the world. The leadership team at AffaMed Therapeutics has gained deep industry expertise and an extensive track record in high-quality discovery, clinical development, regulatory affairs, business development, manufacturing, and commercial operations at leading multi-national biopharmaceutical companies in China and globally.
About DEXTENZA
DEXTENZA is approved for the treatment of post-surgical ocular pain and inflammation in Macau. Previously, DEXTENZA is approved in US for the treatment of ocular inflammation and pain following ophthalmic surgery and ocular itching associated with allergic conjunctivitis. DEXTENZA is a corticosteroid intracanalicular insert placed in the punctum, a natural opening in the inner portion of the lower eyelid, and into the canaliculus and is designed to deliver dexamethasone to the ocular surface for up to 30 days without preservatives. DEXTENZA resorbs and exits the nasolacrimal system without the need for removal.
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SOURCE AffaMed Therapeutics | https://www.whsv.com/prnewswire/2022/05/10/affamed-therapeutics-holds-dextenza-launch-advisory-board-meeting-macau/ | 2022-05-10T06:58:53Z |
OSLO, Norway, May 10, 2022 /PRNewswire/ -- Reference is made to the respective announcements by Aker Horizons ASA ("Aker Horizons") and Aker Solutions ASA ("AKSO") on 30 March 2022 regarding AKSO's purchase of 100 percent of the shares in Rainpower Holding AS from a subsidiary of Aker Horizons (the "Transaction").
The agreed consideration for the Transaction consists of two elements: a fixed element of NOK 100 million and a discretionary element of up to NOK 50 million. The fixed element is agreed to be settled by transfer of 5,681,818 shares in Aker Carbon Capture ASA ("ACC").
The conditions to the Transaction have been satisfied. Following the completion of the Transaction, Aker Horizons will increase its holding in ACC to 261,438,859 shares (43.27%).
Aker Horizons is a person closely related to ACC board member Kristian Monsen Røkke. A primary insider notification pursuant to the Market Abuse Regulation article 19 is attached.
CONTACT:
Media contact:
Ivar Simensen, mob: +47 464 02 317, email: ivar.simensen@akerhorizons.com
Yannick Vanderveeren, mob: +47 458 36 358, email: yannick.vanderveeren@akercarboncapture.com
Investor contacts:
David Phillips, mob: +44 7710 568279, email: david.phillips@akercarboncapture.com
Christian Yggeseth, mob: +47 915 10 000, email: christian.yggeseth@akerhorizons.com
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SOURCE Aker Carbon Capture AS | https://www.whsv.com/prnewswire/2022/05/10/aker-carbon-capture-asa-mandatory-notification-trade-aker-horizons-increases-stake-acc-through-sale-rainpower-akso/ | 2022-05-10T06:59:00Z |
The accelerated platform will position Altshuler Shaham as a leading player in the Israeli pension funds market
HOLON, Israel, May 10, 2022 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, has announced that Altshuler Shaham Investment House, one of Israel's fastest growing provident and pension funds, has upgraded its Life and Pensions solution, to accelerate and support its rapidly growing pension funds business. Sapiens Life and Pension platform will dramatically improve Altshuler Shaham's business processes and operational costs. Sapiens' platform was selected for its ability to meet Altshuler's business needs as well as Israeli regulatory requirements.
Altshuler Shaham manages pension assets for 2.4 million customers of more than NIS 200 billion. The upgrade of its pension management platform will support its steady growth trend. The new platform addresses both the changing business needs and the requirements of Israeli regulation, and will enable the company to provide an even more flexible and efficient service for its customers. The upgrade will offer Altshuler Shaham significant improvement in streamlining the operation of pension activities.
"We are pleased to continue our fruitful cooperation with Sapiens," said Anat Knafo Tavor, CEO of Altshuler Shaham Provident Funds and Pension. "The choice of Sapiens stemmed from its rich experience in the field of pensions and technology and in Israeli local regulations. The implementation of the system, which is currently taking place, is part of our growth strategy, and our goal is to continue to lead the pension market in Israel."
"Sapiens is extremely pleased to be a trusted partner of Altshuler Shaham and to empower them to achieve such outstanding growth in the pension fund market. Our 40-year industry expertise demonstrates our commitment to excellence in pension fund solutions," said Roni Al-Dor, Sapiens president and CEO.
According to Tal Sharon, Director of Sapiens Israel, "We are proud of Altshuler Shaham's choice to streamline and expand its operations with Sapiens' advanced solutions, thus becoming a leading player in the field of pension fund management in Israel."
Sapiens Life and Pensions solution and digital facilitation of pension claims deliver a simplified, automated and integrated process for all parties involved (the insurance company, government agencies and legal representatives). The solution offers a dramatic improvement in straight-through processing and a significant decrease in claims calls and processing times.
About Altshuler Shaham Investment House
Altshuler Shaham Investment House was established in 1990 by Gilad Altshuler and Kalman Shaham, and now incorporates a group of companies in various fields of finance. Altshuler Shaham is co-managed by two chief executives, Gilad Altshuler and Ran Shaham. Today, the investment house manages some 275 billion shekels for 1.8 clients and investors, and offers its clients a broad range of products and services, including managing investment portfolios, provident funds, study funds, pension funds and mutual funds. Altshuler Shaham also offers additional services such as retirement planning, alternative investments, trust services and foreign currency services, provided by its incorporated subsidiaries. For more information visit https://www.as-invest.co.il/en/about/about-us/
About Sapiens
Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. Backed by 40 years of industry expertise, Sapiens offers a complete insurance platform, with pre-integrated, low-code solutions and a cloud-first approach that accelerates customers' digital transformation. Serving over 600 customers in 30 countries, Sapiens offers insurers across property and casualty, workers' compensation and life markets the most comprehensive set of solutions, from core to complementary, including Reinsurance, Financial & Compliance, Data & Analytics, Digital, and Decision Management. For more information visit www.sapiens.com or follow us on LinkedIn.
Media Contact
Shay Assaraf
Chief of Marketing, Sapiens
Shay.assaraf@sapiens.com
Investor's Contact
Kimberly Rogers
Managing Director, Hayden IR
+1 541-904-5075
kim@HaydenIR.com
Forward Looking Statements
Certain matters discussed in this press release that are incorporated herein by reference are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that are based on our beliefs, assumptions and expectations, as well as information currently available to us. Such forward-looking statements may be identified by the use of the words "anticipate," "believe," "estimate," "expect," "may," "will," "plan" and similar expressions. Such statements reflect our current views with respect to future events and are subject to pandemic risks and uncertainties. There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: the degree of our success in our plans to leverage our global footprint to grow our sales; the degree of our success in integrating the companies that we have acquired through the implementation of our M&A growth strategy; the lengthy development cycles for our solutions, which may frustrate our ability to realize revenues and/or profits from our potential new solutions; our lengthy and complex sales cycles, which do not always result in the realization of revenues; the degree of our success in retaining our existing customers or competing effectively for greater market share; difficulties in successfully planning and managing changes in the size of our operations; the frequency of the long-term, large, complex projects that we perform that involve complex estimates of project costs and profit margins, which sometimes change mid-stream; the challenges and potential liability that heightened privacy laws and regulations pose to our business; occasional disputes with clients, which may adversely impact our results of operations and our reputation; various intellectual property issues related to our business; potential unanticipated product vulnerabilities or cybersecurity breaches of our or our customers' systems; risks related to the insurance industry in which our clients operate; risks associated with our global sales and operations, such as changes in regulatory requirements, wide-spread viruses and epidemics like the recent novel coronavirus pandemic, which adversely affected our results of operations, or fluctuations in currency exchange rates; and risks related to our principal location in Israel and our status as a Cayman Islands company.
While we believe such forward-looking statements are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or these risks or uncertainties materialize, our actual results may differ materially from those expressed or implied by the forward-looking statements. Please read the risks discussed under the heading "Risk Factors" in our most recent Annual Report on Form 20-F, in order to review conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations.
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SOURCE Sapiens International Corporation | https://www.whsv.com/prnewswire/2022/05/10/altshuler-shaham-implements-sapiens-platform-manage-its-pension-processes/ | 2022-05-10T06:59:06Z |
The Launch of the First Private Fund for Japanese Real Estate
TOKYO, May 9, 2022 /PRNewswire/ -- Ascot Corp. (headquartered in Shibuya-ku, Tokyo, Japan; hereinafter "Ascot") has formed the first private fund (hereinafter "the Fund") through a joint venture with global institutional investors to invest in MF residential, senior living facilities, and student housing in the Tokyo metropolitan area.
1. Main Investment Properties of the Fund
"ASTILE" is MF residential brand winning the Good Design Award twice last year, and "FARE" is the brand winning the Award seven times for the five consecutive years.
*The Good Design Award is the only comprehensive design evaluation and recommendation system in Japan that covers a wide range of fields from industrial products to business models and event activities.
2. Overview of the Fund and Strategy
The investment targets of the Fund are MF residential, senior living facilities, and student housing, and their locations are limited to the Tokyo metropolitan area where are expected to provide stable cash flows with little impact from the Covid-19 pandemic and high liquidity on exit, and consequently stable investment results. Furthermore, the investment risks can be identified within the limited scope and in a quantitative manner due to the predefined properties.
The portfolio of the Fund No. 1 comprises of 9 properties, mainly MF residential developed by Ascot (including ASTILE Harajuku, and ASTILE Nishi-Shinjuku II etc.). In the near future, Ascot plans to expand the scope of its fund in collaboration with global institutional investors by acquiring MF residential, senior living facilities, and student housings from external developers and funds, in addition to properties developed by Ascot. Ascot manages these properties as the asset manager of the Fund.
3. The Growth Strategy of Real Estate Fund Business Department
The Real Estate Fund Business Department, established in 2021, is a new business unit of Ascot that leverages the company's design and quality property development capabilities cultivated over the past 20 years since Ascot's founding in 1999, as well as its domestic and international network. As one of the key pillars of our mid-term growth strategy, we aim to further expand our business by forming joint venture funds with domestic and foreign investors and new private funds, as well as by entering the REIT and other businesses.
In addition to MF residential and offices, which are our strengths, we will target a wide range of asset classes, including logistics, hotels, senior housing, data centers, etc. Furthermore, we are considering entering some asset classes from the development stage.
The Fund Business Department will contribute to the growth of the real estate investment market by continuously providing optimal solutions and quality investment opportunities to a wide range of investors while expanding total assets under management.
Executive Officer / Head of Real Estate Fund Business Department
Akira Oishi
Main Career Summary
He joined Ascot in July 2021 as Executive Officer, Head of Real Estate Fund Business Department.
Prior to joining Ascot, he worked at Mitsui Trust & Banking (currently called Sumitomo Mitsui Trust & Banking, (SMTB)) in the Funds and Exchange Department, New York branch, and Asset Finance Department.
After working at SMTB, he joined GE Real Estate (currently called GE Japan) in 2004, where he was the manager of the Business Development Department and was responsible for acquisition, M&A and structured finance.
In 2010, as the Head of Asset Management, he was in charge of the asset management of approximately 600 properties with a total value of approximately 600 billion yen in Asia Pacific and Japan.
In 2016, he joined Savills Japan's Asset Management team, and, as the head of Acquisitions, he was in charge of the acquisitions and acquired properties worth more than 100 billion yen with global institutional investors.
He has over 25 years of extensive real estate investment, real estate finance, and international experience in the real estate investment industry, as well as leadership roles in various areas of the real estate business.
He holds an MBA from Hitotsubashi University Graduate School of International Corporate Strategy (ICS).
4. Background
Under the circumstances of limited investment opportunities under the low interest rate policy and globalization trend of investment, there has been a shift in allocations from traditional assets such as listed stocks and bonds to alternative investments, with real estate investment in particular gaining prominence worldwide over the past few years.
As the global asset allocation strategy, a certain percentage has been shifted to Asia, and, in comparison to other Asian countries, investment in Japanese real estate has been allocated to a significant degree in terms of core investment. The primary factor is that Japan's low interest rate policy has ensured a relatively large yield gap. Secondly, Japan, centered on Tokyo, has a considerable market size which provides high liquidity on exit. In addition, the infrastructure for investment, such as legal, accounting, and taxation is very stable. Therefore, stable returns are expected to be secured. Consequently, the investment needs and flow of funds from global investors, especially institutional investors, to Japanese real estate have continued even with the COVID-19 pandemic, and the recent depreciation of Japanese yen has also attracted investors' attention to Japanese real estate.
The asset classes receiving great attention are logistics and MF residential. Since Ascot has advantage in longstanding residential development business, the first fund focused on residential properties.
5. Comments by Takeshi Nakabayashi, President of Ping An Japan Investment Co, Ltd.
Ascot Corp. is the first real estate company in Japan invested by Ping An Group. We are fascinated by Ascot's excellent development track record backed by its ability to plan and deliver high value-added residential and office properties. We have high expectations for the growth of Ascot's new global business, including the real estate fund management business just launched, the development of logistics facilities, and integrated services from real estate brokerage to property management for global investors.
6. About Ascot Corp.
Ascot is a global comprehensive real estate service provider targeting Tokyo metropolitan area. The business includes the development of the MF residential and logistics, fund management, real estate brokerage for global investors, and property management leveraged by its design and high-quality property development capabilities as well as its domestic and international network. Its design and development capabilities cultivated over the past 20 years are highly recognized, as the track record of winning the Good Design Award 14 times in total shows. Through Digital Transformation, Ascot aims to provide quality real estate services in line with global standards by enhancing customer contact and creating new revenue models.
Stock Ticker Number: 3264 (JPX Standard)
Address: Daiwa Aoyama Bldg. 5F, 3-1-30 Jingumae, Shibuya-ku, Tokyo, Japan
Establishment: April 1999
Chairman of the Board: Yiwen Luo
Capital: 10,867 million yen
Description of business:
- Real estate development business: rental apartments, condominiums, office buildings, logistics facilities
- Real estate fund business: fund management, asset management
- Real estate solutions business: property value enhancement, real estate consulting, real estate brokerage
- Other businesses
Major shareholders:
- PING AN INSURANCE (GROUP) COMPANY OF CHINA, LTD
- SBI Holdings, Inc.
Website: https://www.ascotcorp.co.jp
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SOURCE ASCOT CORP. | https://www.whsv.com/prnewswire/2022/05/10/ascot-corp-an-associate-ping-an-group-has-started-real-estate-fund-management-business-japan/ | 2022-05-10T06:59:12Z |
Panel session: WORLD IN REVIEW: The Canadian and International Cannabis Markets, Trends, and Projections
Thursday, May 12, 2022, at 9.30am EST
LAS VEGAS, May 9, 2022 /PRNewswire/ - Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) ("AUSA", "AUDACIOUS", or the "Company"), today announced that the Company's CEO, Terry Booth, will participate in a panel session at the upcoming Lift & Co. Expo in Toronto, Canada (https://liftexpo.ca/).
Mr. Booth will be a panel member, discussing:
WORLD IN REVIEW: The Canadian and International Cannabis Markets, Trends, and Projections.
The session will start at 9.3 am EST on Thursday May 12, 2022.
The Expo will run Thursday May 12- Sunday May 15 at the Metro Toronto Convention Centre, North Building.
"I look forward to engaging with the Canadian public," said Terry Booth, CEO. "While AUDACIOUS is focused on expansion in the U.S. and Thailand, we have not forgotten our Canadian roots. I look forward to discussing the international cannabis market at the event hosted by Lift, who have been an integral part of the Canadian cannabis industry infrastructure for years."
Housekeeping
As part of its senior executive ongoing compensation plan, the Company issued 142,679 common shares.
About AUDACIOUS
AUDACIOUS is a next-generation MSO growing the cannabis industry of tomorrow from the ground up, led by industry pioneer Terry Booth and an accomplished management team with proven industry track records. With operations that range from providing industry-leading sustainable cultivation design and optimization to retail storefronts, growing flower in-house, and manufacturing award-winning brands, AUDACIOUS has products and solutions for everyone. Quickly expanding through innovative partnerships and collaborations, AUDACIOUS is forging the inclusive cannabis community of tomorrow, today. Learn more about AUDACIOUS here.
AUDACIOUS common shares trade on the CSE under the symbol "AUSA" and on the OTCQB under the symbol "AUSAF."
Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this news release.
FORWARD-LOOKING STATEMENTS:
Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information that may constitute "forward-looking information" within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except as required by applicable securities laws.
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SOURCE Australis Capital Inc. | https://www.whsv.com/prnewswire/2022/05/10/audacious-booth-present-lift-amp-co-conference/ | 2022-05-10T06:59:19Z |
WESTMINSTER, Colo., May 9, 2022 /PRNewswire/ -- Ball Corporation (NYSE: BLL), announced today an agreement to repurchase approximately $300 million of its outstanding common stock in a privately negotiated, accelerated stock repurchase transaction with Mizuho Markets Americas LLC, using cash on hand and available borrowings.
Subject to certain conditions, the transaction will commence today and reduce Ball's outstanding common stock by a total of approximately 4.3 million shares. Following the completion of today's transaction, approximately 21 million shares remain available for repurchase under the company's existing authorization.
"This share buyback, which is part of our previously announced planned purchases for the year, is consistent with our balanced capital deployment strategy that includes returning value to shareholders in the form of share buybacks and dividends and investing in EVA-generating growth projects," said Scott C. Morrison, executive vice president and chief financial officer.
The shares are subject to a market price adjustment provision at the conclusion of the accelerated stock repurchase transaction, which may require a settlement to be made by Ball, or to Ball, based generally on the volume weighted average trading price of the company's shares over an agreed upon period of time.
In addition, the company announced on April 27, 2022, that the company's stock ticker will change from BLL to BALL effective tomorrow, May 10, 2022.
About Ball Corporation
Ball Corporation supplies innovative, sustainable aluminum packaging solutions for beverage, personal care and household products customers, as well as aerospace and other technologies and services primarily for the U.S. government. Ball Corporation and its subsidiaries employ 24,300 people worldwide and reported 2021 net sales of $13.8 billion. For more information, visit www.ball.com, or connect with us on Facebook or Twitter.
Forward-Looking Statements
This report contains "forward-looking" statements concerning future events and financial performance. Words such as "expects," "anticipates," "estimates," "believes," and similar expressions typically identify forward-looking statements, which are generally any statements other than statements of historical fact. Such statements are based on current expectations or views of the future and are subject to risks and uncertainties, which could cause actual results or events to differ materially from those expressed or implied. You should therefore not place undue reliance upon any forward-looking statements and they should be read in conjunction with, and qualified in their entirety by, the cautionary statements referenced below. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Key factors, risks and uncertainties that could cause actual outcomes and results to be different are summarized in filings with the Securities and Exchange Commission, including Exhibit 99 in our Form 10-K, which are available on our website and at www.sec.gov. Additional factors that might affect: a) our packaging segments include product capacity, supply, and demand constraints and fluctuations and changes in consumption patterns; availability/cost of raw materials, equipment, and logistics; competitive packaging, pricing and substitution; changes in climate and weather; footprint adjustments and other manufacturing changes, including the startup of new facilities and lines; failure to achieve synergies, productivity improvements or cost reductions; unfavorable mandatory deposit or packaging laws; customer and supplier consolidation; power and supply chain interruptions; changes in major customer or supplier contracts or loss of a major customer or supplier; inability to pas s through increased costs; war, political instability and sanctions, including relating to the situation in Russia and Ukraine and its impact on our supply chain and our ability to operate in Russia and the EMEA region generally; changes in foreign exchange or tax rates; and tariffs, trade actions, or other governmental actions, including business restrictions and shelter-in-place orders in any country or jurisdiction affecting goods produced by us or in our supply chain, including imported raw materials; b) our aerospace segment include funding, authorization, availability and returns of government and commercial contracts; and delays, extensions and technical uncertainties affecting segment contracts; c) the Company as a whole include those listed above plus: the extent to which sustainability-related opportunities arise and can be capitalized upon; changes in senior management, succession, and the ability to attract and retain skilled labor; regulatory actions or issues including those related to tax, ESG reporting, competition, environmental, health and workplace safety, including U.S. FDA and other actions or public concerns affecting products filled in our containers, or chemicals or substances used in raw materials or in the manufacturing process; technological developments and innovations; the ability to manage cyber threats; litigation; strikes; disease; pandemic; labor cost changes; inflation; rates of return on assets of the Company's defined benefit retirement plans; pension changes; uncertainties surrounding geopolitical events and governmental policies, including policies, orders, and actions related to COVID-19; reduced cash flow; interest rates affecting our debt; and successful or unsuccessful joint ventures, acquisitions and divestitures, including the announced sale of our Russian business, and their effects on our operating results and business generally.
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SOURCE Ball Corporation | https://www.whsv.com/prnewswire/2022/05/10/ball-announces-300-million-accelerated-stock-repurchase/ | 2022-05-10T06:59:26Z |
STOCKHOLM, May 10, 2022 /PRNewswire/ -- Calliditas Therapeutics AB (Nasdaq: CALT, Nasdaq Stockholm: CALTX) ("Calliditas") today announced that its management team will participate in the following upcoming investor conferences and events:
- The 8th Annual LSX World Congress on May 10-11, 2022 in London, United Kingdom
- The ABGSC Life Science Summit on May 18-19, 2022, in Stockholm, Sweden.
- H.C. Wainwright Hybrid Global Investment Conference on May 23-26, 2022.
- Jefferies Healthcare Conference on June 8-10, 2022 in New York City, USA.
- Citi European Healthcare Conference on June 14-16, 2022 in London, United Kingdom
At the LSX World Congress, Calliditas Chief Executive Officer Renée Aguiar-Lucander, Chief Financial Officer Fredrik Johansson and President of North America, Andrew Udell will speak in three separate panel discussions focused on global commercial strategy, IPO listings, and product launching, respectively.
Panel discussion details:
Title: Challenges and Operational Scale Up For First Product Launch
Speaker: Andrew Udell, President, North America
Date: Tuesday, May 10, 2022, 11:20 GMT
Title: Go West! - Considerations For US IPOs And Dual Listings
Speaker: Fredrik Johansson, CFO
Date: Wednesday, May 11, 2022, 9:25 GMT
Title: Go-To-Market Strategies Across Geographies And Overall Equity Returns
Speaker: Renee Aguiar-Lucander, CEO
Date: Wednesday, May 11, 2022, 11:00 GMT
To register for the conference please click here.
Renee Aguiar-Lucander will present at the ABGSC Life Science Summit on May 19th at 11:30am to 12pm CET.
Management will be presenting and will host one-on-one investor meetings at the other three conferences. To schedule a one-on-one meeting with Calliditas, please contact your representative at H.C Wainwright, Jefferies, or Citi.
For further information, please contact:
Marie Galay, IR Manager, Calliditas
Tel.: +44 79 55 12 98 45, email: marie.galay@calliditas.com
The information was sent for publication, through the agency of the contact persons set out above, on May 10, 2022 at 8:30 a.m. CET.
About Calliditas
Calliditas Therapeutics is a commercial stage biopharma company based in Stockholm, Sweden focused on identifying, developing and commercializing novel treatments in orphan indications, with an initial focus on renal and hepatic diseases with significant unmet medical needs. Calliditas' lead product, TARPEYOTM (budesonide) delayed release capsules, has been approved by the FDA and is the subject of a marketing authorization application (MAA) with the European Medicines Agency (EMA). Additionally, Calliditas is conducting a pivotal clinical trial with its NOX inhibitor product candidate setanaxib in primary biliary cholangitis and is initiating a head and neck cancer Phase 2 trial with setanaxib. Calliditas' common shares are listed on Nasdaq Stockholm (ticker: CALTX) and its American Depositary Shares are listed on the Nasdaq Global Select Market (ticker: CALT).
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SOURCE Calliditas Therapeutics | https://www.whsv.com/prnewswire/2022/05/10/calliditas-therapeutics-participate-upcoming-investor-conferences/ | 2022-05-10T06:59:33Z |
New transaction paves the way for real-time, secure, and transparent cross-border carbon credit settlements.
LONDON, May 10, 2022 /PRNewswire/ -- Carbonplace, the new carbon credit settlement platform jointly developed by some of the world's largest financial institutions, has announced the successful pilot transfer of carbon credits through its system in collaboration with global payments technology company Visa.
The transaction, which involved Visa purchasing Verra-certified credits from Sustainable Carbon, a leading carbon credit project developer, represents a major boost for carbon markets. It demonstrates the capability of Carbonplace's unique settlement technology to significantly increase the speed, efficiency, and security required to support the growing demand for voluntary carbon credits, and in doing so, to more effectively drive private sector capital towards global climate solutions.
The transfer was facilitated by two of Carbonplace's founding banks, National Australia Bank (NAB) on behalf of Visa and Itaú Unibanco on behalf of Sustainable Carbon. It underscores how the institutions behind Carbonplace – which also include BNP Paribas, CIBC, NatWest Group, Standard Chartered, and UBS – can collaboratively leverage their existing infrastructure, including know-your-customer and anti-money laundering procedures, to address some of the challenges that have held back the development of the voluntary carbon market (VCM).
Last month's Intergovernmental Panel on Climate Change (IPCC) report highlighted that decarbonization, and in turn, scalable carbon innovation is critical to limit the worst impacts of the climate crisis[1]. Against this backdrop, corporations across the globe continue to set ambitious climate action pledges in the drive towards a net zero economy. Carbon credits will play an important, complementary role in these commitments by compensating for unavoidable emissions, and as a result, the VCM continues to grow rapidly, surpassing USD 1 billion in 2021[2].
This new collaboration is part of Visa's global aspirations to become a climate-positive company through new partnerships and initiatives. Last year, Visa pledged to reach net zero emissions by 2040, 10 years ahead of the Paris Climate Agreement goal[3]. Together with Carbonplace, Visa will continue to explore delivering additional technology-led sustainable solutions for its customers.
The pilot will also inform the further development of Carbonplace, which has been likened to the 'SWIFT' system of the carbon markets, including the exploration of more innovative ways to settle transactions. It is currently expected that Carbonplace will be operational at the end of 2022.
"Visa is committed to support the transition to a low-carbon economy and to create sustainable business solutions for our clients, which will help them meet their net zero commitments," said Charlotte Hogg, CEO Visa Europe. "We're excited about the potential for this voluntary carbon market to leverage our capabilities and help to deliver on that commitment, and we're proud to support Carbonplace through this first pilot purchase of fully certified carbon credits in this market."
David Gall NAB Group Executive, Corporate and Institutional Banking, said: "Climate action is everyone's job, including NAB's. Carbonplace is creating new opportunities to help our customers as they take action to reduce their emissions and achieve their own targets. This successful pilot transaction with Visa is a significant step towards being able to help more of our customers tackle existing barriers and make carbon credits more accessible to everyone."
About National Australia Bank (NAB)
[1] https://www.ipcc.ch/2022/04/04/ipcc-ar6-wgiii-pressrelease/
[3] https://usa.visa.com/visa-everywhere/blog/bdp/2021/04/15/sustainable-commerce-and-1618453815474.html
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SOURCE Carbonplace | https://www.whsv.com/prnewswire/2022/05/10/carbonplace-visa-team-up-carbon-credit-transfer/ | 2022-05-10T06:59:39Z |
BEIJING, May 9, 2022 /PRNewswire/ -- China on Monday highlighted the pressing need to bring more stability and certainty to an age of instability and transformation, given the ongoing complex changes in the international landscape and a marked rise in difficulties and challenges for global security and development.
During a virtual meeting with German Chancellor Olaf Scholz, Chinese President Xi Jinping called on the two countries to work together to maintain a sound and steady relationship to contribute significantly to world peace and tranquility.
Xi's latest call came after he urged the EU to work with China to add stabilizing factors to a turbulent world during a virtual meeting with the EU chiefs on April 1.
During Monday's talks, Xi said it is particularly important for China and Germany, both major countries of substantial influence, to maintain sound and steady growth of bilateral ties and better harness the stabilizing, constructive and steering role of this relationship.
Both countries should stick to the keynote of dialogue and cooperation in their relations, and make good use of bilateral dialogue and cooperation mechanisms, said Xi.
He continued that the two sides can conduct dialogue in such areas as climate change, macroeconomic policy, financial stability, energy security, food security and the stability of industrial and supply chains.
China and Germany should also tap the potential for cooperation, such as on new technologies, including environmental protection, trade in services, artificial intelligence and digitalization, said the Chinese president.
The two sides should stand for true multilateralism, uphold international fairness and justice, promote an open world economy, and make global development more balanced, coordinated and inclusive, Xi said.
Scholz noted the very good development of Germany-China relations in recent years and called on the two sides to carry forward the good tradition and keep up the sound momentum of bilateral relations.
The two countries will have a dialogue on maintaining stable global supply chains, macroeconomic policy coordination and others, and step up cooperation in a wide range of areas, including trade and investment, climate change and COVID-19 response, said the German leader.
He added that Germany welcomes China's commitment to expanding high-standard opening-up, which will bring more opportunities to the country.
China and Germany, now all-round strategic partners, will celebrate the 50th anniversary of the establishment of diplomatic ties in October.
'China-Europe relationship not controlled by any third party'
Xi underscored that China and the EU are comprehensive strategic partners and each other's opportunity, and that the two sides have far more common interests than differences.
China supports the strategic autonomy of the EU, he reiterated.
"The China-Europe relationship is not targeted at, subjugated to, or controlled by any third party," said Xi, noting that is a strategic consensus that both sides must follow in the long run.
In the face of geopolitical crises, China and the EU need to advocate dialogue and cooperation and offset complex changes in the international landscape with the stability of China-EU relations.
Xi expressed his hope for Germany to play a positive role in the steady and sound development of China-EU relations.
Scholz, for his part, said Germany is prepared to enhance communication and coordination with China on the multilateral front and promote the sound development of Europe-China relations.
'Ukraine crisis bringing European security at a crossroads'
On the situation in Ukraine, Xi said China has been working in its own way to promote peace and defuse tensions.
The Ukraine crisis has once again brought European security to a crossroads, he said, adding that it is important to make every effort to prevent the conflict from intensifying or magnifying to a point of no return.
The Chinese president called on the European side to show historical responsibility and political wisdom, bear in mind the long-term stability of Europe and promote a solution in a responsible manner.
"The security of Europe should be kept in the hands of Europeans themselves," he said.
China has reiterated on many occasions that it supports Europe in playing a positive role in promoting peace talks and in the eventual establishment of a balanced, effective and sustainable European security architecture.
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SOURCE CGTN | https://www.whsv.com/prnewswire/2022/05/10/cgtn-china-stresses-need-bring-more-stability-an-age-instability/ | 2022-05-10T06:59:47Z |
GUIYANG, China, May 9, 2022 /PRNewswire/ -- The China International Big Data Industry Expo 2022 will be held online on May 26, the event organizer said at the press conference of the China International Big Data Industry Expo 2022 on May 7.
With the annual theme of "grabbing digital opportunities to enjoy digital value", the China International Big Data Industry Expo 2022 will focus on the national digital economy development strategy in forum setting and achievement releases, pay more attention to advanced and popular science and technology, attach more importance to innovation in the transformation of achievements and rely on the strategic positioning of "four districts and one highland" in Guizhou to explore experience for industrial transformation and the construction of digital China.
This year's one-day event features an opening ceremony, the "Data Valley Forum" and the "Data Expo Release". During the opening ceremony, Chinese leaders will be invited to attend and give important speeches by video. In addition, leaders of China's national ministries and commissions and Guizhou province, winners of internationally renowned awards, academicians of the Chinese Academy of Sciences and Chinese Academy of Engineering and famous entrepreneurs will also deliver speeches by video.
The "Data Valley Forum" will hold 8 forums around topics such as "national computing network to synergize east and west", "data security" and "metaverse". A group of academicians and experts, leaders of ministries and commissions, and heads of renowned enterprises and Internet companies will give speeches by video.
The "Data Expo Release" will announce the global big data scientific and technological achievement awards and corporate achievements . At present, 437 scientific and technological achievements have been collected.
Tao Changhai, vice governor of Guizhou province, said, "In recent years, the Guizhou Provincial Party Committee and Government have innovated ideas, and accelerated the construction of the country's first national-level big data comprehensive pilot zone, taking big data as a means of promoting economic and social transformation and upgrading and high-quality development. The digital economy has achieved a historic breakthrough and its growth rate has been the first in China for six consecutive years. Big data has become a famous calling card of Guizhou. The digital innovation capability in Guizhou has been greatly improved, and 48 national-level pilot demonstrations have been approved successively. The effect of data center agglomeration is prominent. Large-scale data centers such as Telecom, China Mobile, China Unicom, Apple, Huawei, and Tencent have settled down. "
Tao added, "In the next step, Guizhou province will focus on building a "digital economy development innovation zone", and strive to build three major industrial clusters of data centers, intelligent terminals and data applications, as well as national data fusion innovation demonstration center, computing power center and data governance center. We also aim to "seize new opportunities in the implementation of the digital economy strategy", explore more Guizhou experience and contribute more Guizhou practice for the national big data strategy and digital China construction."
Ma Ningyu, mayor of Guiyang, said that the China International Big Data Industry Expo, the world's first national-level expo with the theme of big data, has been successfully held for seven consecutive years. It has become a global platform for showcasing the latest achievements, guiding the development of the industry, exchanging ideas for development and creating opportunities for cooperation.
Guiyang, located in the southwest China's Guizhou province, has won the reputation of "China's Big Data Valley" for taking the lead in developing big data in recent years. The China International Big Data Industry Expo 2022 will continue to adhere to the concept of "global vision, national interests, industry roles, and corporate responsibilities", aiming for "high-end, specialization, internationalization, industrialization, and sustainability. "
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SOURCE The China International Big Data Industry Expo 2022 Organizing Committee | https://www.whsv.com/prnewswire/2022/05/10/china-international-big-data-industry-expo-2022-will-open-online-may-26/ | 2022-05-10T06:59:53Z |
BEIJING, May 10, 2022 /PRNewswire/ -- China Online Education Group ("51Talk" or the "Company") (NYSE: COE), an online education platform in China, with core expertise in English education, today provides an update on its status under the Holding Foreign Companies Accountable Act (the "HFCAA").
The Company is aware that it has been identified by the United States Securities and Exchange Commission (the "SEC") under the HFCAA on May 9, 2022. The Company understands such identification may result from its filing of the annual report on Form 20-F for the fiscal year ended December 31, 2021.
The Company understands the SEC made such identification pursuant to the HFCAA and its implementation rules issued thereunder, and this indicates that the SEC determines that the Company used an auditor whose working paper cannot be inspected or investigated completely by the Public Company Accounting Oversight Board (the "PCAOB"), to issue the audit opinion for its financial statements for the fiscal year ended December 31, 2021.
In accordance with the HFCAA, a company will be delisted from a U.S. stock exchange only if the company has been identified by the SEC for three consecutive years due to the PCAOB's inability to inspect auditor's working paper.
The Company will continue to comply with applicable laws and regulations in both China and the United States, and strive to maintain its listing status on the New York Stock Exchange.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking" statements which are made pursuant to 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," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. 51Talk may also make written or oral forward-looking statements in its periodic reports to the Securities and Exchange Commission ("SEC"), in its annual report 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 51Talk's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in 51Talk's filings with the SEC. All information provided in this press release is as of the date of this press release, and 51Talk does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
About China Online Education Group
China Online Education Group (NYSE: COE) is an online education platform in China, with core expertise in English education. The Company's mission is to make quality education accessible and affordable. The Company's online and mobile education platforms enable students to take live interactive English lessons on demand. The Company connects its students with a large pool of highly qualified teachers that it assembled using a shared economy approach, and employs student and teacher feedback and data analytics to deliver a personalized learning experience to its students.
For more information, please visit http://ir.51talk.com.
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SOURCE China Online Education Group | https://www.whsv.com/prnewswire/2022/05/10/china-online-education-group-provides-update-status-under-holding-foreign-companies-accountable-act/ | 2022-05-10T07:00:00Z |
HANGZHOU, China, May 10, 2022 /PRNewswire/ -- Recently, Tbay, a digital cross-border e-commerce platform, launched a 5-day student aid activity in Nigerian schools. Tbay's "Nigerian Schools Aid Program" is well underway. During this period, Tbay staff visited the Ilupeju Alagbede Eleweran Odeda Local Government Community Nursery & Primary School in Lagos, and the Aregbe Eleweran Community Nursery & Primary School and Gbonagun Obantoko Community Primary School in Ogun, to learn about the local educational environment. At the same time, Tbay brought daily necessities, stationery, sports equipment, educational supplies and building repair materials (helping to repair school buildings), etc. to the schools and students to help the children learn and grow happily. The activity benefited a total of 600+ students.
According to the United Nations International Children's Emergency Fund (UNICEF), by 2055, Africa's child population will reach 1 billion, making it a continent with the largest child population. It is not hard to see that the 1 billion African school-age children will need to receive basic education in the coming years and even decades. Tbay is determined to empower African people able to afford good products, help them grow their own business, and assist them in turning educational disadvantages into demographic dividends. Tbay CEO Mr. Eric Jin said, "Education is the cornerstone of economic development, as a cross-border e-commerce platform that sets the trend in Europe and America and covers Africa, we are fully implementing 'The Belt and Road' core policy by actively working for Nigeria's educational cause. We focus on cultivating personnel for win-win cooperation."
In addition to fulfilling its social responsibility, Tbay never stops shouldering its mission as a global cross-border e-commerce platform and a service provider for the digital cross-border e-commerce SaaS platform. Its main business of "Online Gift Card Trading", aims to help users with gift cards to earn sustainable income and digital assets in a safe, stable and efficient trading manner. At present, Tbay is gaining popularity worldwide as a new business channel.
In addition to having a broad consumer base in Europe and America, Tbay also performs well in Africa. For example, it has a great number of loyal fans in Nigeria. Tbay has tens of thousands of safe and reliable online service providers that have passed strict audits, and maintains strategic cooperation with hundreds of local banks. Nigerian users can deal with gift cards online through Tbay in such a decentralized manner that there are no brokers reaping high price differences, the transaction value is higher and closer to the market price.
Tbay's trading model is undoubtedly designed to simplify the terms of transaction to facilitate more transactions. The main reason why Tbay is highly popular is that it obviates the need for a third-party intermediary, making it possible to conduct a point-to-point transaction directly. Its complete digital ecosystem helps to close a deal quickly while greatly cutting down costs.
About Tbay
Tbay is the world's leading online trading platform mainly engaged in the online gift card trading business. Tbay will actively expand the field of physical e-commerce in the future. Tbay's technical team has specialized in the development of Internet software and blockchain encryption technology for more than ten years, achieving fruitful results. With the aid of various mature and stable encryption techniques such as blockchain, the team has launched a precise strike against the marketing pain points, effectively solving problems such as information divergence, payment gap and lack of service guarantee. With its advantages including diversified transaction scenarios, efficient terms of transaction, safe first-rate service and high exchange rate, Tbay occupies a high position in the minds of European and American users. At present, Tbay has more than 200,000 users, over 100,000 of whom are in Europe and America, with the effective monthly GMV exceeding 100,000,000, exerting far-reaching influence globally.
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SOURCE Tbay | https://www.whsv.com/prnewswire/2022/05/10/cross-border-e-commerce-platform-tbay-carries-out-student-aid-activity-nigeria-2022/ | 2022-05-10T07:00:07Z |
NOVI, Mich., May 9, 2022 /PRNewswire/ -- Danlaw, Inc. and PikeTec GmbH have joined forces in the North American market, to expand the delivery of TPT, a leading software validation platform for rapidly defining and executing tests, for autonomous driving (AD), connected vehicles, powertrain electrification, and shared mobility. PikeTec's TPT addresses the needs for verification, validation and back-to-back equivalence testing throughout the design, development, and integration of embedded software.
Combining Danlaw's deep experience of automotive electronics and connected vehicles with PikeTec's industry-leading TPT software provides automotive OEMs and their tier-one suppliers with an advanced turn-key testing solution that validates a wide range of ADAS/EV features to the latest ISO safety standards. Both companies believe that TPT's intuitive test-case modeling enables developers to bring features to market with greater efficiency, in less time, and more cost effectively than traditional methods.
"Today's AV and EV development requires advanced testing capabilities," says Chris Domin, Business Development Manager at Danlaw. "The combination of PikeTec's TPT platform with Danlaw's industry experience, will provide OEM's and their suppliers with the state-of-the-art testing needed to meet stringent ASIL-D testing requirements."
"We are glad to have found in Danlaw a reliable partner at the same eye level. Danlaw's knowledge of the U.S. market, its development competence and extensive expertise have convinced us. Together, we want to combine our strengths and offer the North American market a comprehensive package for testing autonomous driving and assistance functions." says Dr. Jens Lüdemann, CEO PikeTec GmbH
About Danlaw
Danlaw is a global leader in connected car technology and automotive electronics. We focus our efforts on research and development to create intelligent solutions for an increasingly connected world. Our team is dedicated to revolutionizing mobility by driving innovation and bringing people together.
Over 500 Danlaw engineering professionals have been providing automotive embedded electronics solutions to carmakers and their suppliers for 4 decades. Located in the USA, UK, India, and China, Danlaw specializes in embedded systems development and testing for embedded control units (ECUs), vehicle network communications, infotainment, and telematics. Customers include automotive OEMs, electronics suppliers, fleet, and automotive insurance companies worldwide.
About PikeTec
PikeTec is the expert for testing embedded software and systems. For more than 15 years, PikeTec has been supplying automotive OEMs and Tier 1 suppliers worldwide with their test automation solution TPT and have successfully applied it in engineering projects of their customers.
With TPT, test cases are created manually or automated. The created test cases are managed, executed, evaluated, aggregated and reported in TPT for all test levels and platforms. Its versatility, user-friendliness and a very easy maintainability of large test projects enjoy wide popularity in the automotive industry. TPT is used to test model-based or hand-coded software on the computer, in the cloud or on target ECUs up to the highest safety-critical classification (ISO 26262 ASIL D). It has unique features and is suitable for all embedded products in all industries and domains.
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SOURCE Danlaw | https://www.whsv.com/prnewswire/2022/05/10/danlaw-teams-up-with-piketec-deliver-tpt-software-services-north-america/ | 2022-05-10T07:00:13Z |
Award ceremony to take place on May 9 at the Gibbes Museum of Art
SPARTANBURG, S.C., May 9, 2022 /PRNewswire/ -- Denny's is pleased to announce The White House is awarding Brenda Lauderback, Chair of Denny's Board of Directors, its President's Lifetime Achievement Award on May 9 at the Gibbes Museum of Art in Charleston, SC.
Ms. Lauderback is receiving this presidential recognition for her decades-long commitment to building stronger communities through volunteerism. This is the highest civil volunteerism award that's presented by the President of the United States. Congressman James E. Clyburn (D.-S.C.) and Charleston Mayor John Tecklenburg will be in attendance and Dr. Kim Cliett Long will present the award on behalf of the President's Council on Service and Civic Participation and the Office of the President of the United States. Ms. Lauderback was nominated for the award by Mr. Jonathan Green, renowned artist and City of Charleston Ambassador for the Arts.
"I'm honored for this recognition from President Joe Biden and I'm grateful to Jonathan for nominating me for this prestigious award," said Ms. Lauderback. "It's been my life's work to engage in meaningful service that makes a difference in solving some of the most pressing challenges individuals and communities across the country face each day."
Ms. Lauderback is a member of the Sleep Number and Wolverine Worldwide corporate boards. Additionally, she is one of the National Association of Corporate Director's Top 100 Directors. She is on the National Restaurant News' Power List of Most Influential People in Foodservice and one of Savoy Magazine's Most Influential Women in Corporate America. She's also been recognized for her leadership in numerous publications, including Ebony, Jet, Essence, Black Enterprise and Forbes. In the community, she is a member of Links, Incorporated, Alpha Kappa Alpha Sorority, Incorporated, CHUMS and The Girlfriends, Incorporated.
The President's Lifetime Achievement Award was created in 2003 by executive order by President George W. Bush for individuals who have volunteered more than 4,000 hours of service to communities across the country. It was established after September 11 to recognize the service and civic contributions of Americans to their local communities.
About Denny's Corp
Denny's Corporation is the franchisor and operator of one of America's largest franchised full-service restaurant chains, based on the number of restaurants. As of March 30, 2022, Denny's had 1,643 franchised, licensed, and company restaurants around the world including 153 restaurants in Canada, Puerto Rico, Mexico, the Philippines, New Zealand, Honduras, the United Arab Emirates, Costa Rica, Guam, Guatemala, El Salvador, Indonesia, and the United Kingdom. For further information on Denny's, including news releases, please visit the Denny's website at www.dennys.com or the brand's social channel via Facebook, Twitter, Instagram, TikTok, LinkedIn or YouTube.
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SOURCE Denny's | https://www.whsv.com/prnewswire/2022/05/10/dennys-board-chair-brenda-lauderback-receive-presidents-lifetime-achievement-award-white-house/ | 2022-05-10T07:00:20Z |
Record first quarter production of 11,387 Boe/d from Desert Peak Minerals
DENVER, May 9, 2022 /PRNewswire/ -- Desert Peak Minerals ("Desert Peak") announced today record results for the quarter ended March 31, 2022.
- Average daily production volume of 11,387 barrels of oil equivalent per day ("Boe/d") (52% oil), up 15% sequentially from 4Q21
- Oil, natural gas and natural gas liquids revenues of $65.0 million, up 32% sequentially from 4Q21 primarily due to higher realized pricing and higher volumes
- Net income including noncontrolling interests of $38.5 million, up 59% sequentially from 4Q21
- Adjusted EBITDA of $59.8 million, up 40% sequentially from 4Q21 (See "Non-GAAP financial measures" below)
- Net cash provided by operating activities of $44.6 million, up 76% sequentially from 4Q21
- Discretionary cash flow of $58.6 million, up 39% sequentially from 4Q21 (See "Non-GAAP financial measures" below)
Chris Conoscenti, Chief Executive Officer of Desert Peak, said: "Record high production volumes associated with our mineral and royalty interests, record high net income and record high Adjusted EBITDA in the first quarter of 2022 were driven by robust activity by our diverse set of E&P operators in the Delaware and Midland Basins and continued strength in oil, natural gas and NGL pricing. In the first quarter, we signed purchase agreements with multiple sellers to acquire approximately 2,150 NRAs in the Delaware and Midland Basins for a combined total of approximately $34.6 million. These acquisitions are expected to close in June 2022."
Adjusted EBITDA and Discretionary Cash Flow are a non-GAAP supplemental financial measures used by our management and by external users of our financial statements such as investors, research analysts and others to assess the financial performance of our assets and their ability to sustain dividends over the long term without regard to financing methods, capital structure or historical cost basis.
We define Adjusted EBITDA as net income (loss) including noncontrolling interests plus (i) interest expense, (ii) provisions for taxes, (iii) depreciation, depletion and amortization, (iv) share-based compensation expense, (v) impairment of oil and natural gas properties, (vii) gains or losses on unsettled derivative instruments, (viii) write off of deferred offering costs, (ix) management fee to affiliates, and (x) one-time transaction costs. Adjusted EBITDA is not a measure determined by accounting principles generally accepted in the United States of America ("GAAP").
We define Discretionary Cash Flow as Adjusted EBITDA, less cash interest expense and cash taxes.
These non-GAAP financial measures do not represent and should not be considered an alternative to, or more meaningful than, their most directly comparable GAAP financial measures or any other measure of financial performance presented in accordance with GAAP as measures of our financial performance. Non-GAAP financial measures have important limitations as analytical tools because they exclude some but not all items that affect the most directly comparable GAAP financial measure. Our computations of Adjusted EBITDA and Discretionary Cash Flow may differ from computations of similarly titled measures of other companies.
The following table presents a reconciliation of Adjusted EBITDA to the most directly comparable GAAP financial measure for the period indicated (in thousands).
The following table presents a reconciliation of Discretionary Cash Flow to the most directly comparable GAAP financial measure for the period indicated (in thousands).
Desert Peak was founded by Kimmeridge, a private investment firm focused on energy solutions, to acquire, own and manage high-quality Permian Basin mineral and royalty interests with the objective of generating cash flow from operations that can be returned to shareholders and reinvested. Desert Peak has accumulated over 105,000 net royalty acres ("NRAs," when normalized to a 1/8th royalty equivalent) through the consummation of over 180 acquisitions to date.
This news release includes certain statements that may constitute "forward-looking statements" for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "seeks," "possible," "potential," "predict," "project," "prospects," "guidance," "outlook," "should," "would," "will," and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These statements include, but are not limited to, statements about Desert Peak's ability to close acquisitions or realize the expected benefits thereof. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties which could cause our actual results, performance, and financial condition to differ materially from our expectations. See "Risk Factors" in the definitive proxy statement on Schedule 14A relating to the Merger (the "Proxy Statement"), Falcon's Annual Report on Form 10-K for the fiscal year ended December 31, 2021, and Falcon's Quarterly Reports on Form 10-Q, filed with the U.S. Securities and Exchange Commission (the "SEC") for a discussion of risk factors that affect our business. Any forward-looking statement made in this news release speaks only as of the date on which it is made. Factors or events that could cause actual results to differ may emerge from time to time, and it is not possible to predict all of them. Neither Desert Peak nor Falcon undertake any obligation to publicly update any forward-looking statement, whether as a result of new information, future development, or otherwise, except as may be required by law.
In connection with the proposed Merger, Falcon has filed the Proxy Statement with the SEC and will file other documents with the SEC regarding the proposed Merger. Falcon has commenced mailing of the Proxy Statement to Falcon's stockholders which contains important information about the proposed Merger and related matters. INVESTORS ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. You may obtain a free copy of the Proxy Statement and other relevant documents filed by Falcon with the SEC at the SEC's website at www.sec.gov. You may also obtain Falcon's documents on its website at www.falconminerals.com. The references to the SEC's website and our website are for the convenience of investors and shall not be deemed to be incorporated into any of Falcon's filings. All website addresses in this prospectus are intended to be inactive textual references only.
Desert Peak, Falcon and certain of their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in connection with the Merger and may have direct or indirect interests in the Merger. Information about Falcon's directors and executive officers is set forth in the Proxy Statement, its Annual Report on Form 10-K for the fiscal year ended December 31, 2021, filed with the SEC on March 11, 2022, and its other documents which are filed with the SEC. Other information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the Proxy Statement and other relevant materials to be filed with the SEC regarding the Merger when they become available. Investors should read the Proxy Statement carefully when it becomes available before making any voting or investment decisions. Investors may obtain free copies of these documents using the sources indicated above.
Desert Peak contact:
Carrie Osicka
Chief Financial Officer
(720) 640-7651
Carrie.Osicka@desertpeak.com
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SOURCE Desert Peak Minerals Inc. | https://www.whsv.com/prnewswire/2022/05/10/desert-peak-minerals-reports-record-first-quarter-results/ | 2022-05-10T07:00:27Z |
Firm to expand its global portfolio of early stage crypto and blockchain investments
SAN FRANCISCO and NEW YORK, May 9, 2022 /PRNewswire/ -- Dragonfly Capital ("Dragonfly"), a global crypto-focused investment firm, announced today the final closing of its third venture fund, Dragonfly Ventures III, L.P. ("Fund III") with capital commitments from limited partners of $650 million, exceeding the Fund's original target of $500 million. The oversubscribed fund was closed at its hard cap and received strong support from institutional limited partners including leading Ivy League endowments, KKR, Tiger Global, Sequoia China, Invesco, US pensions, and sovereign wealth funds.
Dragonfly previously closed Dragonfly Ventures II in 2021 after raising over $250 million. The new fund enhances the firm's capacity to invest across all stages of blockchain and cryptocurrency companies, native protocols, and tokens that seek to create new digital economies. Dragonfly will build on the team's investment track record and its global, technologist first approach to investing in crypto companies.
"Dragonfly has always been different because of two things: our global approach to investing, which reflects the borderless nature of crypto, and our technical bent, as most of our team understands crypto technology from first principles. In Fund III, we will double down on backing the next breakthroughs in crypto infrastructure, DeFi, smart contract scaling, and breakthrough consumer products like NFTs, crypto games, and DAOs. It's an exciting moment in the history of web3 and we're eager to partner with the next generation of builders," said Haseeb Qureshi, Managing Partner at Dragonfly.
"We're looking forward to continuing to do what we love – working closely with founders at the very earliest stages to build generational companies in crypto. Most of our investment team previously worked at crypto startups and we lean on this hands-on experience to help entrepreneurs navigate the difficult parts of creating amazing companies in this space," said Tom Schmidt, General Partner at Dragonfly.
Since its inception in 2018, Dragonfly has established a strong track record and invested over $700 million of capital across seed, series A, series B, and liquid crypto deals. To date, the firm has made early investments in many top projects and companies, including Avalanche, NEAR Protocol, Compound, MakerDAO, 1inch, Matter Labs, Amber Group, Anchorage, Bybit, and Dune Analytics.
About Dragonfly Capital
Dragonfly Capital ("Dragonfly") is a leading global, crypto-focused investment firm that partners with crypto founders in all stages of development, from seed to series D, to liquid tokens. With a global team of over 40 professionals, Dragonfly focuses on working closely with founders to solve their most pertinent problems on tech, product and go to market. For more information, please visit https://dcp.capital.
Funds managed by Dragonfly Capital and its subsidiaries are only available to accredited investors. The foregoing is for informational purposes only and is not an offer to purchase or sell any security, and should not be used as the basis for any investment decision. Investing in crypto assets is highly speculative and the market is largely unregulated.
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STOCKHOLM, May 9, 2022 /PRNewswire/ -- BioArctic AB's (publ) (Nasdaq Stockholm: BIOA B) partner Eisai announced today that they have completed the rolling submission to the U.S. Food and Drug Administration (FDA) of a Biologics License Application (BLA) under the accelerated approval pathway for the investigational anti-amyloid beta (Aβ) protofibril antibody lecanemab (BAN2401), 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. In conjunction with the completed regulatory filing to the FDA announced today, and the subsequent acceptance by the FDA of the file, BioArctic is entitled to a milestone of MEUR 15.
As part of the completed rolling submission, Eisai has requested Priority Review. If the FDA accepts the BLA, the Prescription Drug User Fee Act (PDUFA) action date (target date for completion of examination) will be set. While Eisai is currently submitting lecanemab under the accelerated approval pathway, the lecanemab Phase 3 confirmatory Clarity AD clinical trial conducted with 1,795 patients will report out 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. Dependent upon the results of the Clarity AD clinical trial, Eisai may submit for full approval of lecanemab to the FDA before the end of the first quarter 2023.
The BLA submission for lecanemab is based on clinical, biomarker and safety data from the Phase 2b study in 856 people with early AD with confirmed presence of amyloid pathology, biomarker and safety data from the Phase 2b open-label extension study (180 subjects), and blinded safety data from the confirmatory Clarity AD Phase 3 study (1,795 subjects). The large number of participants across these studies provides the FDA with extensive safety data.
The Phase 2b study explored the impact of treatment with lecanemab on reducing amyloid plaque in the brain and clinical decline. At 18 months of treatment, lecanemab reduced brain amyloid to the extent that over 80% of subjects became amyloid negative by visual read. Furthermore, the extent of reduction in amyloid was correlated with slower clinical decline on ADCOMS (Alzheimer's Disease Composite Score), CDR-SB (Clinical Dementia Rating-Sum-of-Boxes), and ADAS-cog (Alzheimer Disease Assessment Scale-Cognitive Subscale) at the treatment group and patient level. In the Core study, the overall rate of amyloid-related imaging abnormalities-edema/effusion (ARIA-E), an adverse event associated with anti-amyloid beta antibodies therapies was 9.9% (16/161) of patients treated with lecanemab 10 mg/kg biweekly compared with 0.8% (2/245) of placebo patients. The results from the Phase 2b study were published in a peer-reviewed journal Alzheimer's Research and Therapy in April 2021.
"I am impressed by our colleagues at Eisai and their diligent work to help patients and caregivers living with Alzheimer's disease. The completion of the rolling submission is an important milestone to potentially providing new treatment options, and I am proud of the BioArctic coworkers who made their contribution to making this possible," said Gunilla Osswald, BioArctic's CEO.
Lecanemab was granted Breakthrough Therapy and Fast Track designations by the FDA in June and December 2021, respectively. In March 2022, Eisai initiated submission of application data to the Pharmaceuticals and Medical Devices Agency (PMDA) under the prior assessment consultation system in Japan with the aim of obtaining early approval for lecanemab. Eisai aims to file for manufacturing and marketing approval based on the results of Clarity AD in the US, Japan and in EU before the end of the first quarter 2023.
This release discusses investigational uses of an agent in development and is not intended to convey conclusions about efficacy or safety. There is no guarantee that any investigational uses of such product will successfully complete clinical development or gain health authority approval.
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
This information is information that BioArctic AB (publ) is obliged to disclose pursuant to the EU Market Abuse Regulation. The information was released for public disclosure, through the agency of the contact persons above, on May 10, 2022, at 01:35 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 Eisai and BioArctic. 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 and reliable biomarkers and diagnostics for neurodegenerative diseases, such as Alzheimer's disease and Parkinson's disease. 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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NEW YORK, May 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 Hemisphere Media Group, Inc. (HMTV), relating to its proposed acquisition by a subsidiary of Gato Investments LP. Under the terms of the agreement, HMTV shareholders will receive $7.00 in cash per share they own. Click here for more information: https://www.monteverdelaw.com/case/hemisphere-media-group-inc. It is free and there is no cost or obligation to you.
About Monteverde & Associates PC
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 HMTV 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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Group revenue increases significantly, boosted by higher passenger demand – Operating result (EBITDA) achieves strong growth of over 75 percent to €70.7 million – Fraport CEO Schulte: Travel rebound remains stable, despite market uncertainties
FRANKFURT, Germany, May 10, 2022 /PRNewswire/ -- FRA/gk-rap – During the first three months of 2022, Fraport AG's business performance continued to be affected by the coronavirus pandemic, as well as the initial impact on aviation from Russia's invasion of Ukraine. Nevertheless, the rebound in passenger demand in the reporting period boosted Group revenue by 40.2 percent year-on-year in the first quarter of 2022. The Group's operating result or EBITDA (earnings before interest, taxes, depreciation and amortization) grew even stronger by 75.9 percent to €70.7 million. Due to one-off effects, the Group result (net profit) decreased to minus €118.2 million.
Fraport's CEO, Dr. Stefan Schulte, stated: "Despite the omicron virus variant and new geopolitical uncertainties, a significantly higher number of people are traveling by air again. With passenger figures rising at our airports across the Group, the operating result improved significantly in the first quarter of 2022. For our home-base Frankfurt Airport, we remain optimistic because of the positive booking figures for the coming summer travel season. For the entire year, we expect to see between about 55 percent and 65 percent of pre-pandemic passenger volumes in Frankfurt. At the same time, the war in Ukraine is impacting our business as well – a war that we condemn in the strongest terms, as an unjustified attack on a sovereign state. One of the effects of this war are increasing prices, and we also are feeling the rise of inflation. Despite this, however, we continue to expect Fraport's full-year business performance to be clearly positive. Therefore, we are maintaining our previously announced outlook."
Traffic continues to recover
Although the spread of the coronavirus' omicron variant still dampened passenger demand at many Group airports at the beginning of the year, the further lifting of travel restrictions largely supported ongoing passenger recovery across the Group during the first quarter of 2022. Frankfurt Airport served a total of 7.3 million passengers in the first three months of the year – an increase of more than 100 percent compared to the same period in 2021. In contrast, cargo throughput (comprising airfreight and airmail) slipped by 8 percent year-on-year to 511,155 metric tons. Factors contributing to this decline included China's ongoing Covid-related lockdowns, as well as reduced airspace capacity resulting from the war in Ukraine. The airports in Fraport's international portfolio sustained their rebound in the first quarter of 2022. Most of the Fraport Group airports outside Germany gained more than 100 percent in traffic year-on-year during the first quarter of 2022, with the exception of the two Brazilian airports (up 68 percent, overall), Antalya Airport in Turkey (up 82.5 percent) and Samos Airport in Greece (up 95.2 percent).
Key operating figures improve noticeably
Fraport's Group revenue climbed by 40.2 percent year-on-year to €539.6 million in the first quarter of 2022. When adjusting for revenue from construction and expansion measures at Fraport's subsidiaries worldwide (in line with IFRIC 12), Group revenue grew by 37.6 percent to €474.4 million. Buoyed by the rebound in passenger traffic, Fraport's operating result (Group EBITDA) soared by 75.9 percent year-on-year to €70.7 million. Group EBIT also improved from minus €70.2 million in the first quarter of 2021 to minus €41.3 million in the reporting period. The financial result was affected by two diverse non-recurring effects from at-equity subsidiaries. On the one hand, the financial result was positively impacted by the upward revaluation of the Xi'an subsidiary (with an accretive effect of €20.0 million), following the agreed divestiture of Fraport's 24.5 percent stake in Xi'an Airport. On the other hand, Fraport made a negative value adjustment of €48.2 million on a loan receivable from Thalita Trading Ltd. in connection with its minority-owned St. Petersburg subsidiary. This adjustment was mainly due to the increased default risk related to the loan. Reflecting both of these one-off effects, the Group result (net profit) dropped to minus €118.2 million.
Financial outlook: Fraport expects full-year 2022 to be clearly positive
After conclusion of the first quarter, Fraport's executive board is maintaining its outlook for the current 2022 business year. In Frankfurt, Fraport expects to achieve a passenger volume of between about 39 million and 46 million for the full year 2022. This represents up to 65 percent of the passenger traffic seen at Germany's largest aviation hub before the pandemic. Fraport's majority-owned airports worldwide are expected to achieve even stronger dynamic growth. Group revenue is projected to reach some €3 billion in fiscal year 2022. Group EBITDA is forecast to range between about €760 million and €880 million. The Group result (net profit) is also expected to be clearly in positive territory, ranging between about €50 million and €150 million.
Print-quality photos of Fraport AG and Frankfurt Airport are available for free downloading via the photo library on the Fraport Web site. For TV news and information broadcasting purposes only, we also offer free footage material for downloading. If you wish to meet a member of our Media Relations team when at Frankfurt Airport, please do not hesitate to contact us. Our contact details are available here.
About Fraport AG and Frankfurt Airport
Headquartered in Frankfurt, Germany, Fraport AG (Frankfurt Stock Exchange, MDAX) is one of the leading players in the global airport business. Fraport's portfolio of companies spans four continents with activities at 30 airports worldwide. In pre-pandemic 2019, more than 182 million passengers used airports in which Fraport has at least a 50 percent stake. Impacted by the Covid-19 pandemic, Fraport's majority-owned Group airports welcomed only about 86 million passengers in 2021. In fiscal year 2021 (Dec. 31), Fraport AG generated revenue of €2.1 billion and profit of some €92 million.
Fraport's home-base Frankfurt Airport (FRA) is strategically located in the heart of Europe at the junction of vital intermodal road, rail and air networks. The surrounding Frankfurt Rhine-Main-Neckar region serves as an economic powerhouse and logistics hub for Europe and the world. In 2019, FRA welcomed more than 70.5 million passengers and handled 2.1 million metric tons of cargo. Only 24.8 million passengers traveled through FRA in 2021, due to the Covid-19 pandemic. In terms of cargo, FRA ranks first in Europe with 2.3 million metric tons handled in 2021.
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SOURCE Fraport AG | https://www.whsv.com/prnewswire/2022/05/10/fraport-group-interim-release-first-quarter-2022-key-operating-figures-improve-noticeably/ | 2022-05-10T07:00:55Z |
OSLO, Norway, May 10, 2022 /PRNewswire/ -- Gaming Innovation Group Inc. (GiG) reports Q1 2022 revenues* of €19.1 million and an EBITDA of €6.5 million.
"I am satisfied with the Company's progress in the first quarter, and we now move toward an exciting second quarter where our global strategic position across multiple areas of high value within the iGaming industry creates truly exciting prospects for growth across the business units", says Richard Brown, CEO of GiG.
Financial Highlights
- GiG achieved all time high revenues* in Q1 2022 of €19.1m (15.0), an increase of 27% YoY, all organic growth
- EBITDA was €6.5m (4.9), up 32%, EBITDA margin* increased to 34.2% (32.8%)
- EBIT was €2.9m (1.9), up 53%, EBIT margin* increased to 15.1% (12.6%)
- Revenues in Media Services at all-time high of €14.1m (10.0), an increase of 40%, with an all-time high EBITDA of €6.8m (4.6)
- Revenues* for Platform Services were €5.0m (5.2), a decrease of 4%, with an EBITDA of €-0.3m (0.3), impacted by departure of HardRock and Dutch market in Q4 2021
- Excluding white-labels and premium fees related to historic B2C sales, Platform revenue increased by 20% YoY
- Positive net profit of €1.1m with an EPS of €0.01
- Positive cash flow from operations of €3.8m (-0.1)
Operational Highlights
- Media Services reached a fifth successive all-time high in quarterly revenue and player intake, FTDs ended at 69,800 (43,700), up 60%
- Signed an extension to the long-term agreement with Betsson Group for the provision of Platform & Managed Services, taking the term of the contract to Q4 2025
- Two new brands were launched, taking the number of live brands to 25 at quarter end
- Three new client projects completed, all dev complete pending clients' decision to launch
Events after Q1
- Signed Acquisition of Sportnco completed on 1 April
- Signed a head of terms agreement with a Tier 1 retail operator in the UK for the provision of turnkey managed service solutions
- Signed agreement with existing Sportnco partner Betway for the provision of Sportnco's Sportsbook and PAM for Portugal
- Signed Full Game in Angola, first multi-product contract and first move into emerging regulated African continent
- Signed an extension with SkyCity, taking the term to May 2025
- GiG Media was awarded "best casino affiliate" award at the iGB Affiliate Awards in London
- April has developed positively, and revenues are up 42% compared to the same period last year, whereof 28% organic growth
*Revenues are adjusted for revenues from a platform client where GiG recognizes the full operations in its profit and loss statement, which are partly offset by related cost of sales and site overheads. Cost of sales, marketing expenses and EBITDA-margin are adjusted accordingly. See Note 2 in the Q1-2022 Interim Report for more details.
Investor presentation and webcast
CEO Richard Brown will present the Q1 2022 results via livestream at 10:00 CET. The presentation will be followed by a Q&A-session, and investors, analysts and journalists are welcome to participate. The presentation will be given in English.
Link to the livestream:
https://www.redeye.se/events/838781/live-q-gaming-innovation-group-3
For further information, contact:
Richard Brown, CEO of GiG, richard.brown@gig.com +34 661 599 025
Tore Formo, Group CFO, tore@gig.com +47 916 68 678
Hessi Mocca, Head of IR, hessi.mocca@gig.com, +46 737039820
This information is information that Gaming Innovation Group Inc. (GiG) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on 10 May 2022.
About Gaming Innovation Group (GiG)
Gaming Innovation Group is a leading iGaming technology company, providing solutions, products and services to iGaming Operators. Founded in 2012, Gaming Innovation Group's vision is 'To be the industry leading platform, sportsbook and media provider delivering world class solutions to our iGaming partners and their customers. GiG's mission is to drive sustainable growth and profitability of our partners through product innovation, scalable technology and quality of service. Gaming Innovation Group operates out of Malta and is dual-listed on the Oslo Stock Exchange under the ticker symbol GIG and on Nasdaq Stockholm under the ticker symbol GIGSEK. www.gig.com
Legal disclaimer
Gaming Innovation Group Inc. gives forecasts. Certain statements in the report are forward-looking and the actual outcomes may be materially different. In addition to the factors discussed, other factors could have an impact on actual outcomes. Such factors include developments for customers, competitors, the impact of economic and market conditions, national and international legislation and regulations, fiscal regulations, the effectiveness of copyright for computer systems, technological developments, fluctuation in exchange rates, interest rates and political risks.
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LAS VEGAS, May 9, 2022 /PRNewswire/ -- GBank Financial Holdings Inc. ("GBank" or the "Company") (OTCQX: GBFH), the parent company for Bank of George (the "Bank"), a top 100 SBA 7(a) U.S. Lender, today announced that the Bank's SBA Division has surpassed $1 Billion in total cumulative SBA 7(a) and USDA Loan Originations.
The Bank's SBA Division originated its first SBA 7(a) loan in June 2015, quickly positioning itself as a trusted partner for small business owners.
Bank of George offers SBA and U.S. Department of Agriculture (USDA) loans across the national government guaranteed lending programs to certain industries and customers both in-market and out-out-of-market. The Bank is recognized as one of the most active SBA lenders in the country, and is known for its discerning underwriting and outstanding service. The Bank is ranked 19th in the nation by the U.S. Small Business Administration for SBA 7(a) dollar loan volume through September 30, 2021.
The Bank has been a top national SBA 7(a) Hotel/Motel lender for each of the past three years, while maintaining strong national relationships and establishing itself as a premier government guaranteed lender within the industry.
"The Bank's SBA Division team members are some of the most-knowledgeable and hardest-working talent in the industry, and we couldn't have reached this landmark accomplishment without the efforts of each and every one of them," said Nancy M. DeCou, EVP/Chief SBA Officer.
"In 2015, the Bank determined that it would establish an SBA 7(a) lending program in order to continue to provide resources to American small businesses." said T. Ryan Sullivan, President and CEO. "Now lending in 40 states, the Bank's SBA capability has flourished under the leadership of Ms. DeCou, and will continue to expand as the Bank recruits top lenders in attractive markets."
"On behalf of our Board of Directors, I want to thank each of our team members for their contributions to this major milestone in the history of Bank of George and GBank Financial Holdings Inc.," said Edward M. Nigro, Executive Chairman.
The Company
GBank Financial Holdings Inc. ("GBank" or the "Company") (GBFH), a bank holding company with approximately $626 million in assets at March 31, 2022, conducts business through its wholly owned subsidiary, Bank of George (named in honor of George Washington). Founded in 2007, the Bank operates two full-service commercial branches in Las Vegas, Nevada, with primary lending activities focused on engaging clients in Nevada, California, Utah, and Arizona. Bank of George has key businesses in three prominent divisions: SBA Lending, Gaming FinTech, and Commercial Lending. The Bank conducts business nationally through its SBA lending activities (ranked 19th in the nation by the U.S. Small Business Administration for SBA 7(a) dollar loan volume through September 30, 2021) and its partnership. Launched in 2016, the Bank's Gaming FinTech Division, through its contract with BankCard Services, LLC ("BCS") is empowering Sightline Payments Play+ Solution (Sightline Payments) for seamless and secure pay-and-play that is enabling cashless, mobile commerce solutions for gaming, lottery, and sports betting ecosystems – positioning GBank as a financial leader in this new payments world. The Bank also provides general commercial banking services with an emphasis on serving the needs of small- and medium-sized businesses, high net worth individuals, professionals, and investors. The Bank offers a full complement of consumer deposit products and is focused on delivering a premium level of service. Bank of George has been recognized every year for each of the past five years by S&P Global Market Intelligence as a top 100 U.S. community bank under $3 billion in assets. For more information about Bank of George, please visit its website at https://www.bankofgeorge.com. GBank's Common Stock is quoted on the US OTCQX Market under the symbol GBFH.
Forward-looking Statements
GBank has made forward-looking statements in this Press Release. These forward-looking statements are subject to risks and uncertainties. Forward-looking statements include information concerning possible or assumed future results of operations of the Company and its subsidiaries. When words such as "believes," "expects," "anticipates," or similar expressions occur in this Press Release, the Company is making forward-looking statements. Note that many factors could affect the future financial results of the Company and its subsidiaries, both individually and collectively, and could cause those results to differ materially from those expressed in the forward-looking statements contained in this Press Release. Those factors include, but are not limited to: the recent and continuing coronavirus (COVID-19) pandemic which poses risks and may harm the Company's business and results of operations in future quarters, credit risk, changes in market interest rates, inability to achieve merger-related synergies, competition, economic downturn or recession, and government regulation and supervision. The Company undertakes no obligation to update or revise any forward-looking statements.
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SOURCE GBank Financial Holdings Inc. | https://www.whsv.com/prnewswire/2022/05/10/gbank-financial-holdings-inc-announces-bank-george-surpasses-1-billion-sba-7a-usda-loan-originations/ | 2022-05-10T07:01:08Z |
SINGAPORE, May 10, 2022 /PRNewswire/ -- gDEX Metaverse launches out of stealth with the first ever cross-chain guild management tool. This full-scale guild management tool comes with a robust feature set to level up your guild like a pro in the metaverse.
As guilds become a more prominent feature in the P2E economy, they're inherently limited in scale by management efficiency and technology. Guilds will now be able to grow their businesses efficiently, maximize the value of their gaming NFTs, track and manage their earnings and scholars' activities, optimize business processes using the member payroll and NFT renting system, and the ability to manage and grow guilds into the hundreds of thousands like a corporation.
Conventional solutions for accounting, payroll, and human resource management simply do not apply to a business model that operates off a decentralized ledger or a blockchain. In a world where the transfer of assets is more than just a bank transaction, usual applications for tracking one's finances no longer apply. The gDEX Guild Management Tool was built to provide a one-stop-shop solution for all these issues, and set the stage for scaling guild businesses in the next evolution of Web3 gaming.
gDEX's cross-chain guild management tool is the first release of its core products and metaverse infrastructure tools. Holistically, gDEX Metaverse creates a unified GameFi layer enabling interoperability across the metaverse with a robust suite of web3 chain agnostic tools that enables gamers, creators and guilds to build, customize, and play in the metaverse.
As an ecosystem connector, the highly expandable platform model enables composable Lego block integration solutions for developers, games, chains, guilds, marketplaces, bridges and more.
Some of these plug and play, no-coding needed products include a tokenized Metaverse Passport that is developable and tracks your gaming journey across the metaverse, revolutionary NFT standards enabling NFTs to be usable cross-platform, and no-coding needed Web3 creator tools with a dynamic metadata management system allowing tokenized games to be deployed rapidly, lowering costs and risks of traditional game development.
The company has been scaling customers and users in stealth for the past 2 months gaining significant traction onboarding 46 Guilds, 8 games, 45,000 Guild Scholars & Users, 160,000 direct community members and social followers, 2,000,000 South East Asia integrated partner communities, and more.
This traction can be credited to the company's team who have previously worked with major gaming brands such as Nintendo, Ubisoft, JP Morgan, Disney, Pokemon, Final Fantasy, etc. Aside from that, the company is backed by Pro Gaming Influencer investors and advisors with 30,000,000 followers and 5,000,000,000 views combined, which serves to add further credibility and affirmation to the team's capabilities.
In simple terms, gDEX is Steam for the Play to Earn Metaverse. Where Steam remains in Web2 monopolizing gamers, creators, their community, and siphoning value across the board…gDEX provides the next evolution of Web3 gaming. But, the company's solutions and technology are much more than just tokenizing gaming assets into NFTs.
Currently there is a huge missed opportunity of the metaverse. Gamers are constantly exposed to great risk of burning their time, efforts and contributions; NFTs are siloed between metaverses and games, which they are non-transferrable and loose all use outside each platform; Gamers' and guild investments are locked in games increasing risk of loss; and there are high costs, time, resources and technical expertise to build games and player communities from scratch. Lastly, there is significant Friction & Drop Off Rates currently where gamers and guild owners have to complete multiple duplicated steps to play games and manage virtual assets
Interoperability is key to unlocking the potential of Gaming and the metaverse. Even Mark Zuckerberg states this major problem when he first launched Meta publicly 6 months ago. This might be a new revelation for Zuckerberg, but the core gDEX development and executive team have been working together on these solutions for almost 2 years, with significant beta prototypes, proof of concept, and MVPs.
As the world of gaming continues to expand, the need for interoperability will only continue to grow. An urgent solution is needed and gDEX is poised to be at the forefront of this revolution. Currently the Guild Management Tool is available for closed access to partnered guilds, but interested players and guilds can sign up now to be notified as soon as it's made available to the wider public.
About gDEX Metaverse
The gDEX (Decentralized Finance Gaming Platform Exchange) is a revolutionary Play to Earn platform powering gamers, creators, and guilds in the Metaverse.
gDEX Metaverse acts as a unified GameFi layer enabling interoperability across the metaverse which hosts a suite of robust chain agnostic no-coding needed tools and DeFi fueled GameFi token economy for gamers to maximize the value of their effort, for creators to create and onboard games easily, and for guilds to manage and grow their guilds like never before — all attached to their unique metaverse passport.
Join the gDEX Metaverse community:
Website - https://gdexmetaverse.com/
LinkedIn - https://www.linkedin.com/company/gdex-metaverse/
Discord - https://discord.gg/gdexmetaverse
Twitter - https://twitter.com/gDEXMetaverse
Telegram - https://t.me/gdexmetaverse
Medium - https://gdexmetaverse.medium.com/
YouTube - https://www.youtube.com/c/gdexmetaverse
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SOURCE gDEX Metaverse | https://www.whsv.com/prnewswire/2022/05/10/gdex-metaverse-brings-interoperability-metaverse/ | 2022-05-10T07:01:15Z |
WUHAN, China, May 10, 2022 /PRNewswire/ -- Kitalpha, the brightest star in the Equuleus constellation, is 52.5 times more luminous than the sun, shining with a dazzling light, just like the new release, TK Gen2 Kitalpha thermal monocular from Guide Sensmart. This new arrival comes with the enhanced and new capabilities of night vision, laser indicating and outdoor lighting that enable users to absorbedly explore the world through the darkness.
Equipped with Guide's new self-developed infrared detector and the patented image processing technology, the new TK captures sharp imaging and is packed with powerful features like image and video recording, smooth zoom, approximate ranging and PIP. Personalized image observation is supported in different scene modes.
This Guide thermal monocular chose its first show at the HuntEx2022 from April 22 to 24 in Johannesburg, South Africa. Unexpectedly, the power failure left visitors in the dark across the hall last day and it did not enrage visitors who came to the Guide Sensmart's booth. The visitors took this thermal camera for night vision. The considerate ergonomic design makes it a comfort for one-hand operation and portability, and differential button design allows operation in total darkness. Visitors like the amazing imaging quality and they can't keep their hands off it. Detection up to 3km ensures the long-range view and safety, which can be used for animal observation.
Since thermal imaging camera is a passive non-contact recognition tool of targets, it is concealed and not easy to be discovered, making it convenient to observe fast animals in a safer place. Three scene modes give prominence to animals and its LCOS eyepiece prevents condensation or fogging and helps users maintain a clear view.
Except the TK Gen2, Guide Sensmart will showcase their newest products and solutions at MILIPOL QATAR exhibition taking place May 24-26, 2022, in Doha Exhibition & Convention Center.
At booth #C070, Guide Sensmart will show innovative thermal imagers for petroleum & metallurgy, mechanical & electrical and law enforcement. Product and application specialists will be available to discuss users' specific requirements.
Enter the Guide Sensmart booth and discover all the company's offers.
About Guide Sensmart
Guide Sensmart is the subsidiary of Guide Infrared (SZ.002414), the world leading infrared thermal imaging systems manufacturer with over 20 years of experience in the infrared industry and mass production capacity. https://www.guideir.com/.
liyy07271@guideir.com
+86 13207192755
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SOURCE Wuhan Guide Sensmart Tech Co.,Ltd | https://www.whsv.com/prnewswire/2022/05/10/guide-sensmart-has-released-new-tk-handheld-thermal-imaging-monocular/ | 2022-05-10T07:01:21Z |
NEW ORLEANS, May 10, 2022 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Hemisphere Media Group, Inc. (NasdaqGM: HMTV) to a subsidiary of Gato Investments LP. Under the terms of the proposed transaction, shareholders of Hemisphere will receive only $7.00 in cash for each share of Hemisphere that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqgm-hmtv/ to learn more.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
1100 Poydras St., Suite 3200
New Orleans, LA 70163
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SOURCE Kahn Swick & Foti, LLC | https://www.whsv.com/prnewswire/2022/05/10/hemisphere-media-investor-alert-by-former-attorney-general-louisiana-kahn-swick-amp-foti-llc-investigates-adequacy-price-process-proposed-sale-hemisphere-media-group-inc-hmtv/ | 2022-05-10T07:01:31Z |
NEW YORK, May 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 Watermark Lodging Trust, Inc. (WRMK), relating to its proposed acquisition by funds managed by Brookfield. Under the terms of the agreement, WMRK shareholders will receive $6.768 in cash for each Class A share, and $6.699 in cash for each Class T share of Watermark common stock. Click here for more information: https://www.monteverdelaw.com/case/watermark-lodging-trust-inc. It is free and there is no cost or obligation to you.
About Monteverde & Associates PC
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 WMRK 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.whsv.com/prnewswire/2022/05/10/investor-alert-mampa-class-action-firm-announces-an-investigation-watermark-lodging-trust-inc-wrmk/ | 2022-05-10T07:01:37Z |
SHENZHEN, China, May 9, 2022 /PRNewswire/ -- KSTAR, the global power conversion expert, today announced that its first Vietnam manufacturing factory, called KSTAR Vietnam Project Phase I has officially topped out.
Occupying an area of 47,715 square meters, KSTAR's new Manufacturing-Base is located in Haiphong City, the biggest port city in Northern Vietnam. It's being built to meet the surging demand of its export orders and to support its strong growth in the global market.
This facility has a two-phase construction plan with a total investment of over USD 22 million. The first phase of the project will be completed in June. New equipment could be installed and production started by the end of this year. Construction for the second phase is expected to begin in 2024.
"The first phase of the plant is expected to produce 10,000 units of UPS, 1,000 units of modular data centers and 1GW solar inverters per year. This would be the first time we used factories in Vietnam to enhance delivering service and meet customer's desire for more diverse production bases," said Mr. Wang, the project leader of KSTAR.
Once completed, 200 jobs will be available, generating important social and economic benefits during the epidemic. Besides, the new plant is expected to follow the company's policies of environmental protection.
"We are already leading the way in green manufacturing. Kstar is one of the 13 Chinese companies from the product manufacturing industry to be featured in the Corporate Net Zero Pathway report released by the UN Global Compact. This is the world's first report issued by UN agencies to guide and honor corporates' efforts to achieve carbon neutrality," added by Mr. Wang.
KSTAR is widely known as the world's leading UPS maker. According to the company's early statement, the shipment of the company ranked number five in the global UPS market in 2021, moving one place up from 2019. The new plant will not only boost the production capacity but also assist in KSTAR's global expansion.
About KSTAR
Founded in 1993, Shenzhen KSTAR Science And Technology Co Ltd is a global leader in the R&D and manufacture of UPS, PV inverter and ESS solutions. Headquartered in China, KSTAR has nearly 3,000 employees, with business in more than 150 countries, and 6 manufacturing and assembly facilities.
For more information:
Email: sales@kstar.com
Related Links
https://www.kstar.com/
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SOURCE KSTAR | https://www.whsv.com/prnewswire/2022/05/10/kstar-building-first-vietnam-plant-overseas-expansion/ | 2022-05-10T07:01:44Z |
SEOUL, South Korea, May 10, 2022 /PRNewswire/ -- LG Display, the world's leading innovator of display technologies, announced today that it will bring its next-generation OLED solutions to the 2022 Society for Information Display (SID) held in San Jose, California from May 10 to 12.
By introducing state-of-the-art OLED products ranging from its next-generation OLED.EX to Bendable and Foldable OLED panels, LG Display will highlight the evolution and versatility of OLED technology, aiming to solidify its OLED leadership.
LG Display will unveil its 97-inch OLED.EX TV display, the biggest of its kind, for the first time to the public during SID 2022. The display leverages the company's EX technology to boost brightness by 30%, delivering enhanced picture quality with realistic details and colors to give users a captivating viewing experience.
Among the revolutionary products to be showcased is the company's 42-inch Bendable OLED Gaming display which boasts a curvature range of up to 1,000R, or a radius of 1,000mm. This allows the screen to bend and straighten so users can optimize their screen to the game they are playing or the show they are watching to enjoy the most immersive experience.
What's more, LG Display plans to unveil a completely new form of foldable OLED technology this year. Firstly, the company will showcase its 8-inch 360-degree Foldable OLED which freely folds in both inward and outward directions. The screen can be folded over 200,000 times without compromising its performance thanks to a stable module structure. It also uses a special folding structure to minimize creasing, providing a comfortable and cutting-edge user experience. The company will also introduce the world's largest 17-inch Foldable OLED Laptop which maximizes versatility to transform from tablet to laptop to portable monitor with ease.
LG Display will additionally showcase its expansive OLED in-TOUCH and Transparent OLED in-TOUCH technologies for large-sized OLED displays. The new touch technologies provide an interactive and improved touch-screen experience while retaining slim design and stellar image quality.
The company will also show off OLED solutions set to pave the way to new markets. The 34-inch P-OLED display, the world's largest automotive P-OLED, employs an ergonomic design structure with a maximum curvature of 800R so that the driver has a clear view of the dashboard and navigation system at the same time. Moreover, the 0.42-inch OLEDoS (OLED on Silicon) display built specifically for Augmented Reality (AR) devices implements the silicon wafers used in semiconductors to create immersive AR visuals with a high resolution of up 3,500 pixels per inch.
LG Display will present its OLED solutions made for the home. The 55-inch Transparent OLED Shelf blends seamlessly into any décor for the best way to view content, display art, add an interior effect to the room through Always On Display mode, among many more.
"We will continue to provide new experiences for our customers by pushing constantly forward for technological innovation and by creating differentiated values that only OLED technology can realize," said Soo-young Yoon, Executive Vice President and CTO at LG Display.
He will serve as the first keynote speaker at Display Week 2022 on May 10, set to deliver his speech 'The New Normal and Displays.' In his speech, he will address the increasing needs of a paradigm shift toward people-oriented display to deliver Natural Reality in the New Normal era while highlighting OLED is the optimal solution for this changing environment.
About LG Display
LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is the world's leading innovator of display technologies, including thin-film transistor liquid crystal and OLED displays. The company manufactures display panels in a broad range of sizes and specifications primarily for use in TVs, notebook computers, desktop monitors, and various other applications, including tablets and mobile devices. LG Display currently operates manufacturing facilities in Korea and China, and back-end assembly facilities in Korea, China, and Vietnam. The company has approximately 70,707 employees operating worldwide. For more news and information about LG Display, please visit www.lgdisplay.com.
Media Contact:
TaeHyun Tommy Jang, Assistant Manager, Global PR Team
Email: tommy.jang@lgdisplay.com
Lee Jean, Team Leader, Global PR Team
Email: jean.lee@lgdisplay.com
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SOURCE LG Display | https://www.whsv.com/prnewswire/2022/05/10/lg-display-showcases-innovative-oled-technology-sid-2022/ | 2022-05-10T07:01:51Z |
LOS ANGELES, May 10, 2022 /PRNewswire/ -- A Los Angeles County Superior Court jury rejected the sexual harassment and retaliation claims of a former employee of United Resources Information ("URI") against the company and his former URI supervisor. Ted Lin was an Associate Creative Director for URI, a Los Angeles-based advertising agency. Lin alleged that his supervisor repeatedly touched him against his wishes, asked questions about he and his wife's activities, and tried to discuss masturbation with him on one occasion. Lin claimed that when he complained about his supervisor's behavior to URI's President, its Human Resources Manager and others, rather than investigate his allegations, URI and the supervisor ultimately took him off of high-profile projects in retaliation for his claims leading to his forced resignation. He sought nearly $2.5 million in damages, not including punitive damages.
For its part, URI defended that no unwelcome touching or inappropriate conversations had occurred, as evidenced by Lin's own contemporaneous Facebook chat messages with a close co-worker friend. Those messages revealed that Lin's true grievances with his supervisor were over her managerial style and creative direction rather than any inappropriate sexual behavior to which there was not a single reference during that six-month period.
The jury's verdict followed a day of deliberations. The trial included expert witness testimony produced by Plaintiff that the reason why he had failed to disclose some of the most salacious details of his supervisor's purported conduct prior to trial was because of his repressed memory arising from the alleged abuse. "We couldn't be happier for URI and Ms. Park who have had their reputations dragged through the mud for four years by these outrageously false claims," said lead trial counsel David Ammons who tried the case with Senior Counsel Kevin Kelly. "I remain hopeful that those who are truly victims of workplace sexual harassment will be heard in the future," said Ammons.
LTL is one of the nation's largest minority-owned trial boutiques.
Contact: David Ammons, David.Ammons@ltlattorneys.com
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SOURCE LTL ATTORNEYS LLP | https://www.whsv.com/prnewswire/2022/05/10/ltl-obtains-jury-verdict-sexual-harassment-claim-client-united-resources-information/ | 2022-05-10T07:01:57Z |
TAIPEI, May 10, 2022 /PRNewswire/ -- Microsoft Executive Vice President & Chief Product Officer, Panos Panay, and Corporate Vice President, Device Partner Sales, Nicole Dezen, will deliver a virtual COMPUTEX keynote on Monday May 23, at 3:30 p.m. local Taiwan time (UTC +8).
During the 30-minute keynote, Panay and Dezen will talk about how Windows 11 is empowering customers in a hybrid world, the new era of the PC that it has enabled and the opportunities it represents for partners. They will discuss Microsoft's continued investment in Windows 11, and touch on key areas of focus including security, hybrid work, accessibility, and gaming. Finally, Dezen and Panay will talk about how Microsoft's partners are utilizing the limitless computing power and capability of the Microsoft cloud and AI to build innovative services and solutions that empower both people and organizations to achieve more.
For more information and to register to watch the keynote, please go to: COMPUTEX.
Microsoft (Nasdaq "MSFT" @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.
About COMPUTEX
COMPUTEX was founded in 1981. It has grown with the global ICT industry and become stronger over the last four decades. Bearing witness to historical moments in the development of and changes in the industry, COMPUTEX attracts more than 40,000 buyers to visit Taiwan every year. It is also the preferred platform chosen by top international companies for launching epoch-making products.
Taiwan has a comprehensive global ICT industry chain. Gaining a foothold in Taiwan, COMPUTEX is jointly held by the Taiwan External Trade Development Council and Taipei Computer Association, aiming to build a global tech ecosystem. COMPUTEX uses cross-domain integration and innovation services as the most powerful driving forces for achieving the goal of becoming a new platform for global technological resources.
About TAITRA:
The Taiwan External Trade Development Council (TAITRA) is Taiwan's foremost trade promotion organization. TAITRA is a public-benefit corporation founded by the Ministry of Economic Affairs by uniting industry and commerce groups from the private sector with the purpose of helping them expand their global reach. Currently, TAITRA has a team of more than 1,300 trade professionals, both domestically and abroad. Headquartered in Taipei, TAITRA operates 5 local offices in Taoyuan, Hsinchu, Taichung, Tainan, and Kaohsiung, as well as 63 branches worldwide. It has also signed cooperation agreements with 319 sister organizations that promote international trade. By forming a comprehensive trade services network that provides zero-time-difference and borderless real-time services, TAITRA continues to work with enterprises to jointly pursue the steady development of Taiwan's economy. It is the best partner for your success in business expansion.
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SOURCE COMPUTEX | https://www.whsv.com/prnewswire/2022/05/10/new-era-pc-conversation-about-windows-11-opportunity-it-represents-partners-customers/ | 2022-05-10T07:02:04Z |
Jenny Lee and Mathys Boeren join Next Gen Foods' journey in making TiNDLE the leading global brand for plant-based chicken
SINGAPORE, May 9, 2022 /PRNewswire/ -- Next Gen Foods – the food tech company behind TiNDLE, the popular chicken made from plants – has appointed two new board members: Jenny Lee, Managing Partner at GGV Capital; and Mathys Boeren, CEO of the Asia Sustainable Foods Platform at Temasek Holdings.
Jenny Lee joins the board following an extensive career that started in aerospace as a fighter jet engineer and has spanned to venture capital across the globe. As Managing Partner at GGV Capital, Lee has been instrumental in guiding early-stage companies to their IPO listing, with 18 unicorns under her belt. Lee is known for her startup innovation experience in EdTech, FinTech, Robotics/AI, EV, Web3 – as well as playing a key role within GGV with her sector focus on food tech and alternative proteins.
Lee has been consistently recognized by the Forbes Global 100 VC Midas list and was the first woman to break the Top 10 in 2015. She has been applauded for being one of the top venture capital investors worldwide, receiving recognition from Vanity Fair, The New York Times, Fast Company and Business Times. She graduated from Cornell University with an M.S. and a B.Sc. in Electrical Engineering and an M.B.A. from Kellogg School of Management, Northwestern University and currently is based in Singapore.
On the importance of sustainable food production, Lee said: "Food tech innovations and developments in alternative protein will help us drive sustainability and mitigate climate change. Agriculture, forestry and land use cause 7% of carbon dioxide emissions and 46% of methane emissions, much of which is driven by food production. Sustainable foods can help us address environmental concerns arising out of inefficient animal farming and food production."
"With the aim of delivering delicious plant-based foods, Next Gen's TiNDLE is a fantastic product that not only drives adoption of sustainable meat, but also offers an authentic chicken experience," added Lee.
Mathys Boeren is the CEO of Asia Sustainable Foods Platform, a company wholly owned by Temasek, that is addressing the challenges around scaling up production of alternative proteins and rapid growth of sustainable foods across the region. In his role at the Platform, Boeren adapts his passion for the sustainable food industry by counselling and overseeing the development of new products and commercial scale-up for startups in the food tech industry. In addition, he is responsible for both current and future joint ventures and partnerships.
Prior to joining the Platform, Boeren worked in the food and food ingredients industry for over 25 years, which included leadership positions at Kerry, Symrise, Givaudan and Unilever. More recently, he has also acted as an advisor to sustainable food startups, with a focus on consumer preferences and product development. Boeren graduated from Technische Universiteit Delft with a degree and master's in chemical engineering, and he currently resides in Singapore.
Boeren believes there is "booming" demand for sustainable foods, "An estimated US$1.55 trillion (S$2.09 trillion) of spending is needed by 2030 to meet food requirements in Asia, driven by changing consumer habits and demand for healthier and more sustainable foods." Boeren views TiNDLE as "an innovative product, delivering a tasty and sustainable meat experience that will help us meet this growing demand. I am excited to be a part of Next Gen and guide them through their journey of becoming a leading brand for plant-based foods."
Jenny Lee and Mathys Boeren join Next Gen Foods' existing board members, including:
- Timo Recker (Co-Founder & Executive Chairman)
- Andre Menezes (Co-Founder & CEO)
- Rohit Bhattacharya (CFO)
- Meng Xiong Kuok (Founder & Managing Partner, K3 Ventures)
- Rachel Konrad (Chief Brand Officer, The Production Board)
Next Gen Foods Co-Founder and CEO Andre Menezes said, "We are always looking for strategic partners, board members and mentors who are motivated about transforming the food system and can guide us as we continue our rapid growth and market expansions. Both Mathys and Jenny's extensive global and regional experience in the food tech industry, and in helping startups to scale swiftly, is essential to Next Gen's vision of making delicious foods that ultimately impact the footprint that we have on this planet."
Rapid International Growth
In February 2022, Next Gen announced their record-breaking US$100 million Series A round, the largest Series A to date for a plant-based meat company.
New international investors included UK-based MPL Ventures, Southeast Asian venture capital firm, Alpha JWC; and Singapore-based global investment fund, EDBI. Joining from previous rounds were Temasek's Asia Sustainable Food Platform, GGV Capital, K3 Ventures and Bits x Bites. The total funding for the plant-based startup now exceeds US$130 million.
As a leading food startup, Next Gen Foods aims to make the global food system sustainable by making delicious, nutritious meat from plants. TiNDLE is the company's flagship product and the first chicken made from plants specifically created by chefs and for chefs. It contains no antibiotics, hormones, cholesterol or genetically modified ingredients.
TiNDLE made its global debut in Singapore in March 2021 and is now available in nearly 500 restaurants across Hong Kong, Macau, Malaysia, Amsterdam, Dubai, Abu Dhabi, United States and the United Kingdom.
On average, chicken made from plants uses less land, less water, and produces less CO₂ than chicken from birds. Based on a 2020 Blue Horizon report, choosing plant-based chicken over avian meat saves 82% less water, 74% less land and 88% less greenhouse gas emissions.
About Next Gen Foods
Founded in 2020, Next Gen Foods is a food-tech startup developing and commercializing innovative and sustainable plant-based food products – including its flagship product, TiNDLE. Next Gen Foods is backed by a team with proven experience in plant-based food technology, global brand development, and global distribution scaleup. For more information, visit nextgenfoods.sg.
About TiNDLE
TiNDLE is a juicy, plant-based chicken that offers mouthwatering taste, texture, and versatility – and uses a fraction of the land, water and energy needed to produce meat from birds. Made with only nine simple ingredients, TiNDLE is the first product by Next Gen Foods, a Singapore-founded food tech company that is developing and commercializing innovative and sustainable foods. Available in restaurants globally, TiNDLE is the first chicken made from plants designed by chefs and for chefs and is a winner of the National Restaurant Association's 2022 Food and Beverage Innovation (FABI) Awards. For more information, visit tindle.com or follow @tindlefoods on Instagram and @tindle.foods on TikTok.
Press Kit: www.nextgenfoods.sg/media
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SOURCE TiNDLE | https://www.whsv.com/prnewswire/2022/05/10/next-gen-foods-appoints-two-new-board-members-jenny-lee-ggv-capital-mathys-boeren-temaseks-asia-sustainable-foods-platform/ | 2022-05-10T07:02:12Z |
GREENSBORO, N.C., May 9, 2022 /PRNewswire/ -- Volvo Trucks North America customer, NFI Industries — a leading third-party supply chain solutions provider — is increasing its investment in electromobility solutions with its latest order of 60 Volvo VNR Electric trucks. The battery-electric freight trucks will be deployed in NFI's Ontario, California fleet throughout 2022 and 2023, in support of its goal of operating the first 100% zero-emission freight logistics fleet in the nation.
"Volvo Trucks is proud to continue partnering with NFI on its electromobility journey as the company truly demonstrates its leadership and commitment to supply chain sustainability," said Peter Voorhoeve, president, Volvo Trucks North America. "NFI's order of 60 Volvo VNR Electrics is a testament to the positive results fleets are experiencing with Volvo Trucks' electromobility solution, and a signal to the market that local and regional freight transport can be reliably accomplished with zero-tailpipe emissions."
NFI started its electromobility journey with Volvo Trucks as part of the Volvo LIGHTS (Low Impact Green Heavy Transport Solutions) project that began in 2019. NFI started piloting two Volvo VNR Electric trucks in its commercial operations, demonstrating the ability for battery-electric trucks to reliably transport goods under a variety of operating conditions.
"Our experience with the Volvo LIGHTS project was a major factor in NFI's decision to purchase VNR Electric trucks for our drayage operations," said Bill Bliem, senior vice president of fleet services at NFI. "NFI started our electrification transition because we are committed to sustainability initiatives across our operations, and we are continuing to invest in Volvo Trucks because of the proven viability and success we have had operating the Volvo VNR Electrics in our real-world routes."
The 60 trucks ordered by NFI are the next generation enhanced Volvo VNR Electric model with a six-battery-pack configuration, which provides an operational range of up to 275 miles. The enhanced Volvo VNR Electric, which began production in Q2 2022, also reduces the required charging time, as the state-of-the-art 250kW charging capability provides an 80% charge in 90 minutes.
- Twenty of the trucks will be deployed as part of the Joint Electric Truck Scaling Initiative, or JETSI project. Led by the South Coast Air Quality Management District (South Coast AQMD) and jointly financed by the California Air Resources Board (CARB) and the California Energy Commission (CEC), the JETSI project will help significantly advance market penetration of zero‐emission heavy‐duty trucks and pave the way for freight logistics fleets to achieve emission reductions at scale.
- Thirty of the trucks will be deployed with funding support from California's Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP). The HVIP project was launched by CARB as part of California Climate Investments to accelerate commercialization of battery-electric trucks by providing first-come first-served incentives to make advanced vehicles more affordable.
- Ten of the trucks are part of the SWITCH-ON project, a grant to Volvo Trucks to deploy battery-electric trucks in Southern California for regional freight distribution and drayage. The U.S. Environmental Protection Agency's (EPA) Targeted Air Shed Grant Program is providing the funding, supplemented by the South Coast AQMD for charging infrastructure, to improve air quality in the region.
The infrastructure to support NFI's zero‐emission fleet is being developed by Electrify America as part of the announcement made with NFI at ACT Expo 2021 to build the nation's largest heavy-duty electric truck charging infrastructure project. The project will provide 19 350 kW ultra-fast chargers with 38 dispensers to support NFI's growing battery-electric drayage fleet that serves the Ports of Los Angeles and Long Beach.
To learn more about Volvo Trucks North America and the Volvo VNR Electric, visit the company website.
For further information, please contact:
Fredrik
KlevenfeldtDirector Brand Marketing Communications, Volvo Trucks North America
fredrik.klevenfeldt@volvo.com
336.543.3386
High-resolution images associated with this press release and others are available at www.volvomediabank.com.
Volvo Trucks North America, headquartered in Greensboro, North Carolina, is one of the leading heavy-duty truck manufacturers in North America. Its Uptime Services commitment is delivered by a network of nearly 400 authorized dealers across North America and the 24/7 Volvo Trucks Uptime Center. Every Volvo truck is assembled in the Volvo Trucks New River Valley manufacturing facility in Dublin, Virginia, which meets the internationally recognized ISO 9001 standard for quality, 14001 standard for environmental care and holds a dual ISO 50001/Superior Energy Performance certification at the platinum level, indicating a sustained excellence in energy management. Volvo Trucks North America provides complete transport solutions for its customers, offering a full range of diesel, alternative-fuel and all-electric vehicles, and is part of the Volvo Trucks global organization.
Volvo Trucks supplies complete transport solutions for discerning professional customers with its full range of medium- and heavy-duty trucks. Customer support is provided via a global network of dealers with 2,200 service points in about 130 countries. Volvo trucks are assembled in 13 countries across the globe. In 2021 approximately 123,000 Volvo trucks were delivered worldwide. Volvo Trucks is part of the Volvo Group, one of the world's leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. The group also provides complete solutions for financing and service. Volvo Trucks' work is based on the core values of quality, safety and environmental care.
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SOURCE Volvo Trucks North America | https://www.whsv.com/prnewswire/2022/05/10/nfi-expands-zero-tailpipe-emission-fleet-with-order-60-volvo-vnr-electrics/ | 2022-05-10T07:02:19Z |
BOTHELL, Wash., May 9, 2022 /PRNewswire/ -- Novuson is proud to announce and welcome Prakash Gatta, M.D. F.A.C.S to the company's Medical Advisory Board in Novuson's Digital Surgery. Dr. Gatta will be involved with clinical outreach, reviewing our technology value proposition, and providing feedback on technical usability in foregut, general and robotic surgery.
Dr. Gatta is currently the Director of Foregut Surgery at Overlake Medical Center, he is also Associate Professor of Surgery, Elson S Floyd College of Medicine, Washington State University, and he co-chairs the Advocacy & Robotics Committees of the American Foregut Society. His fellowship in foregut surgery was at the Oregon Clinic and his General Surgery Residency was at the University of Illinois College of Medicine.
"I look forward to helping Novuson advance care for surgical patients by enabling providers to provide the best possible treatments possible. Furthermore Novuson's proprietary technology possibly creates an additional dimension of safety while delivering energy" says Dr. Gatta as he aims to improve healthcare by bringing Novuson's revolutionary new technology to patients and their physicians.
linkedin: linkedin.com/in/prakash-gatta-md-facs-85161862
Novuson's unique approach to surgical hemostasis and tissue division is unparalleled in its safety, precision, and broad applicability. Unlike traditional energy surgical devices, our products allow for precise surgical margins and minimal lateral thermal spread. Our solutions address real challenges that surgeons experience including those created by tissue charring and smoking. While this technology is perfect for laparoscopic or open cases, through the utilization of ultrasound instead of electrocautery or mechanical vibration, our instruments will be compatible with surgical robotic platforms as well.
Stuart Mitchell, Novuson President and CEO, states "We are very excited to welcome Dr. Gatta to our Medical Advisory Board. Not only will he bring his knowledge and insight to our development team on the clinical needs and usability, he will be a key resource for feedback on the problems with today's current technology and he will validate the need for Novuson technology."
Contact
Stuart Mitchell, PhD
Founder and CEO
(425) 238-6227
sbmitchell@novuson.com
https://novuson.com/
https://www.linkedin.com/in/mitchellsb/
https://www.linkedin.com/company/novuson
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SOURCE Novuson Surgical | https://www.whsv.com/prnewswire/2022/05/10/novuson-welcomes-new-medical-advisor-digital-surgery/ | 2022-05-10T07:02:26Z |
- Aiming to Realize 3 Zeros: "Zero Cerebrovascular and Cardiovascular Events," "Zero Aggravation of Respiratory Diseases" and "Zero Restrictions on Daily Activities Due to Chronic Pain" -
KYOTO, Japan, May 10, 2022 /PRNewswire/ -- In March 2022, OMRON Group announced a new long-term vision, "Shaping the Future 2030" (hereafter referred to as SF2030). In its commitment to achieving this vision for the healthcare business domain, OMRON Healthcare Co., Ltd. (hereinafter referred to as the Company), based in Muko City, Kyoto Prefecture, has established a long-term vision, "Going for ZERO, Preventive Care for the Health of Society" and promises to develop new devices and services to meet the expectations of consumers, healthcare professionals and society at large.
Logo: https://kyodonewsprwire.jp/img/202204280634-O1-gBUApwyX
- Overview of the new long-term vision, "Going for ZERO, Preventive Care for the Health of Society"
By leveraging the sensing technologies and valuable insights developed in medical fields up to now, the Company will be focusing on the development of solutions for: cardiovascular diseases which have been leading causes of death worldwide; respiratory diseases, since the number of people suffering from them is growing particularly in emerging economies; and pain management that causes significant impact on people's daily lives. Focus and commitment to these efforts will allow the Company to realize the long-term vision.
1. Cardiovascular business: Zero cerebrovascular and cardiovascular events
An estimated one billion people worldwide have hypertension. Hypertension may cause cerebro-cardiovascular diseases (events) such as strokes and heart failure while symptoms go unnoticed. Since the release of the first blood pressure monitor in 1973, the Company has always been focusing on developing easy-to-use and accurate blood pressure monitors as well as conducting educational activities for promoting blood pressure monitoring at home. The cumulative global sales of OMRON blood pressure monitors exceeded 300 million units in 2021. While home blood pressure monitoring continues to become more popular worldwide, deaths resulting from cerebrovascular and cardiovascular events and individuals requiring long-term nursing care remain on the rise.
To accomplish the business vision of the cardiovascular domain, the Company will expand the target fields from monitoring cardiac dysfunction for the early detection, to the development of an upper-arm blood pressure monitor with built-in ECG technology, and the global launch of ECG analysis service. The Company also will expand business fields to include "the early detection and recurrence prevention of atrial fibrillation." As the life-style diseases are known to be risk factors of hypertension and atrial fibrillation, the Company will contribute to the development of new devices and services for early detection and improvements of these types of diseases. In addition, AI-based algorithm developments for establishing the framework of preventive care are being launched.
On the global businesses, the Company will focus on the reinforcement of partnerships with doctors and medical institutions in mainland China, where the population with hypertension and respiratory disease is trending up, and improve the services fostering the relationship between patients and physicians via MMC Health Convenience Stores (*1). In India, the Company set up experience centers throughout the nation to provide Indian consumers a hands-on experience with OMRON products. It will further spread the benefits of home blood pressure monitoring in the country.
MMC Health Convenience Stores (*1): One-stop service for diabetic patients offering patients easy access to medical tests and checks.
2. Respiratory business: Zero aggravation of respiratory diseases
Respiratory business will expand target diseases by adding COPD (*2) to the former asthma target. The number of patients suffering from respiratory disease is growing, mainly in emerging economies. As diagnostic criteria are not clearly quantified, clearly diagnostic decisions are difficult for physicians to make. The Company will be distributing devices to support treatments and diagnosis in emerging nations lacking fully established medical systems. And for general households, especially in developed countries, the Company will be promoting symptom control and care services to alleviate soaring medical expenditures to relieve the burden of patients and their families.
COPD (*2): Chronic obstructive pulmonary disease
3. Pain management: Zero restrictions on daily activities due to chronic pain
Within the pain management domain, the Company will focus on the development of devices incorporating new transcutaneous electrical nerve stimulation (TENS) technology, as well as providing an exercise therapy support service. The Company's aim here is to help more people lead their daily lives without worrying about pain.
The corporate mission of "To advance health and empower people worldwide to live life to the fullest" is the Company's desire that will remain unchanged now and in the future. To accomplish the new vision of "Going for ZERO, Preventive Care for the Health of Society," the Company aims to be indispensable within the chronic disease prevention and treatment fields, and then tries to challenge itself to provide society with solutions.
- OMRON Healthcare's Long-term Vision SF2030 Video
It portrays the lives of people in society where "Going for ZERO" has been realized.
Video URL: https://youtu.be/6cv9Le-6c0I
Image1:
Image2:
- OMRON Healthcare's Long-term Vision Special Page
On April 1, 2022, a special web page of "SF2030" was added to OMRON
Healthcare's corporate website.
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SOURCE OMRON Healthcare Co., Ltd. | https://www.whsv.com/prnewswire/2022/05/10/omron-healthcare-unveils-long-term-corporate-vision-going-zero-preventive-care-health-society/ | 2022-05-10T07:02:32Z |
BARCELONA, Spain, May 10, 2022 /PRNewswire/ -- Poly (NYSE: POLY) today published a new report titled The Journey to Hybrid Working: Twelve Considerations, in partnership with workplace research platform WORKTECH Academy. The new report explores twelve considerations for companies to navigate hybrid working, and identifies the key challenges around people, technology, and spaces that employers face.
Hybrid working is here to stay as an increasingly permanent fixture, not a short-term fad, but many organizations are struggling to make the new model a success. The report looks at the differences between in-person and virtual presence in the workplace, and the need to create meeting equality irrespective of where employees are located, utilizing the right tools and technologies.
Key areas that Poly and WORKTECH Academy explore are:
- Balancing always-on culture against employee overwork: Organizations must clearly outline expectations around etiquette in a world where time and place is becoming increasingly blurred
- Redrawing the rules of informal and formal collaboration for a hybrid workforce: Organizations must know their workforce to understand behaviors and preferences
- Weighing up the benefits of personalized versus standardized approaches to hybrid working: Organizations should balance being prescriptive, and allowing employees choice and personalization on how they work and collaborate
- Moving physical comfort for people to psychological comfort: Hybrid work environments will need the right technology investment to extend employees sense of purpose and belonging outside the office
- Creating workplaces that are diverse and inclusive: Equality of experience will be at the heart of inclusive organizations that allow everyone to feel involved regardless of their location and individual characteristics
Poly is working with the research team at WORKTECH Academy on a rolling program to create new thinking, define the main challenges and explore emerging opportunities around hybrid working. The report identifies key themes that will be addressed in subsequent research and analysis.
Jeremy Myerson, Director at WORKTECH Academy, says, "For organizations to seize the opportunities created by hybrid working, first they have to understand the complex contours of the model and recognize some inherent dichotomies. Our first report with Poly sets out some of the key debates around hybrid working and an agenda for employees to equip themselves to face a flexible future with confidence."
John Goodwin, Senior Vice President of Public Affairs at Poly, comments, "Hybrid working is here to stay, but there are significant hurdles to overcome before organizations can call it a success. By identifying the 12 considerations of hybrid working, Poly is outlining some of the key themes and challenges organizations will face in the future as they start to implement hybrid working models. Our data found that, within the organizations we surveyed, 48 per cent have already adopted a hybrid approach. The same survey found that 37 per cent of decision makers said they are prepared for hybrid working in the short-term, but they haven't thought about their long-term plans. Key to this will be understanding how to make the most of your spaces, how best your people work, and where to best invest your money in technologies that will enable a seamless hybrid experience. Identifying the challenges and opportunities in hybrid working now, will pave the way for organizations to plot successful hybrid working strategies."
The Journey to Hybrid Working: Twelve Considerations report highlights the latest research and workplace surveys in the field, including Poly's own study of more than 2,500 decision makers from firms with over 100 employees, and is available to download here.
About Poly
Poly (NYSE: POLY) creates premium audio and video products so you can have your best meeting -- anywhere, anytime, every time. Our headsets, video and audio-conferencing products, desk phones, analytics software and services are beautifully designed and engineered to connect people with incredible clarity. They're pro-grade, easy to use and work seamlessly with all the best video and audio-conferencing services. Poly MeetingAI delivers a broadcast quality video conferencing experience with Poly DirectorAI technology which uses artificial intelligence and machine learning to deliver real-time automatic transitions, framing and tracking, while NoiseBlockAI and Acoustic Fence technologies block-out unwanted background noise. With Poly (Plantronics, Inc. – formerly Plantronics and Polycom), you'll do more than just show up, you'll stand out. For more information visit www.Poly.com.
All other trademarks are the property of their respective owners.
About WORKTECH Academy
WORKTECH Academy is the world's leading knowledge platform and membership club exploring how we'll work tomorrow. The Academy's content on the future of work and workplace is curated in six streams: people, place, technology, culture, design and innovation. It brings evidence, ideas, and insights from its extensive membership base to a global community of workplace professionals.
For further details, please visit www.worktechacademy.com.
Poly Media Contact:
Shannon Shamoon
PR Manager
+1 (831) 201-9142
Shannon.Shamoon@poly.com
Poly Investor Relations:
Mike Iburg
Vice President, IR
+1 (831) 458-7533
Mike.iburg@poly.com
WORKTECH Academy:
Kasia Maynard
Content Editor
WORKTECH Academy
+44 777 299 6501
kasia.maynard@worktechacademy.com
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SOURCE Poly | https://www.whsv.com/prnewswire/2022/05/10/poly-identifies-twelve-considerations-navigating-hybrid-working/ | 2022-05-10T07:02:39Z |
The Poly Studio Series, Poly Sync Family, and Poly Lens deliver exceptional employee experiences so you can be seen and heard from anywhere
SANTA CRUZ, Calif., May 10, 2022 /PRNewswire/ -- Poly (NYSE: POLY) today introduced its latest pro-grade solutions to solve the evolving needs of today's distributed workforce. Additions to Poly's portfolio of smart devices include the Poly Studio R30 video bar, Poly Sync 10 speakerphone, and enhancements to the Poly Lens platform to help deliver exceptional experiences from wherever you work. These solutions, combined with developments to Poly DirectorAI smart camera technology, help employees look and sound their best, while employers can maintain focus on delivering meeting equity for hybrid and office workers alike.
"The ability to deliver a seamless and equitable experience for today's modern workforce is not only critical for driving business success, but also happier and more productive employees," said Beau Wilder, Senior Vice President and General Manager of Video Collaboration, Poly. "Although organizations have started to announce return-to-office plans, relying on solutions that were successful pre-pandemic will no longer cut it. At Poly, we're dedicated to investing in pro-grade tools that make sure all employees have equal opportunity and experience – whether in the office, at home or on-the-go."
Outfitting the Modern Day Workplace
The Poly Studio Series pro-grade video conferencing devices deliver a purpose-built experience for meeting rooms of all sizes, including Poly Studio Kits for Microsoft Teams Rooms on Windows. Poly's lineup of video conferencing devices bring equity and ease to upgrade every meeting with Poly DirectorAI technology which uses artificial intelligence and machine learning to deliver real-time automatic transitions, group framing and speaker tracking, presenter and conversation mode, while NoiseBlockAI and Acoustic Fence technologies block-out unwanted background noise.
The newest addition to the Poly Studio Series is the Poly Studio R30 smart USB video bar, designed for small meeting rooms. This plug-and-play device comes equipped with Poly DirectorAI technology to ensure everyone is seen clearly with pinpoint-accurate group and speaker framing. Poly is expanding its lineup of devices for Microsoft Teams Rooms on Windows to include the Poly Studio R30 Small Room Kit, optimized for smaller meeting rooms. The Poly Studio R30 works with the cloud-based video provider of your choice, is certified by Zoom, and will be Microsoft Teams certified by June 2022.
Poly Studio R30 video bar features include:
- 4K camera with 120-degree field of view so meeting participants are seen clearly, even those sitting closest to the camera
- Poly DirectorAI smart camera technology that can perfectly frame everyone in the room, an individual speaker, or even track a presenter in real time.
- Advanced audio with NoiseBlock AI and Acoustic Fence to block-out unwanted background noise
- WiFi device capabilities for remote IT management, reducing the need for additional management software in the room
- End-users have the option to personalize settings for their workspace
For larger meeting rooms, the Poly Studio E70 camera and Studio X70 video bar are adding a new Poly DirectorAI mode called people framing. People framing mode provides close-ups for each meeting participant in the room, which are displayed in gallery mode. People framing mode will be available on Studio E70 and Studio X70 starting in June 2022.
Delivering Flexibility in Microsoft Teams Rooms
In addition to the Poly Studio Small Room Kit for Microsoft Teams, Poly is delivering added flexibility for its entire lineup of Teams Rooms on Windows:
- A USB extender and Bring Your Own Device (BYOD) options for more flexible room deployments and seamless connections to user's laptops for any video app
- A Camera Control App so users can easily adjust the camera experience or change Poly DirectorAI modes
Pro-grade Gear for Hybrid Workers
Poly Sync speakerphones feature USB and Bluetooth® connectivity with intelligent microphones that track the talker, not the noise. The Sync family lineup is sleek, sophisticated, smart, and designed to deliver crisp audio quality for both work and entertainment.
The Poly Sync 10, the newest member of the Sync family, is a plug-and-play USB speakerphone designed to upgrade the home office experience, converting any space into your own personal conference room. Perfect for calls and music, its two-microphone steerable array reduces surrounding noise and delivers high-quality audio. The Poly Sync 10 is certified by Microsoft and Zoom and works seamlessly with the cloud-based meeting platform of your choosing.
Poly Sync 10 speakerphone features include:
- Reliable, enterprise-grade hi-fi audio and power amplifier for calls and music
- Easy-to-spot call status, with clear, bright status lightbar
- USB-A cable, with a USB-C adapter included
- Dust-and water-resistant IP64
- Supported by Poly Lens
Vital Device Insights and Management
Poly Lens provides a holistic platform with device control for all Poly gear, including the Studio R30 video bar and Sync 10 speakerphone, to enhance workspace and user experience. The cloud-based solution delivers vital management tools for provisioning, monitoring, and troubleshooting Poly devices.
No matter where users work, or which device they choose, the Poly Lens App gives them the ability to personalize their experience, stay up to date with the latest software, get helpful usage tips, support, and more. The latest enhancements will feature Lens App for mobile devices supporting Poly Bluetooth devices while on-the-go. Poly Lens App for mobile will be available soon.
Poly Lens and the Poly Lens App features include:
- Vital management for the Poly voice, video, and headsets for both the IT manager and individual user
- Device personalization for both the user desktop and mobile
- "Find MyDevice" for mobile users, so you never misplace your favorite device
Availability & Pricing
- The Poly Studio R30 video bar is available now at Poly.com, and select resellers worldwide, starting at $799 USD.
- The Poly Studio R30 Small Room Kit for Microsoft Teams Rooms is now available for purchase on Poly.com, and with select resellers worldwide, starting at $2,099 USD (PC not included).
- The Poly Sync 10 speakerphone is available now at Poly.com, Amazon, and select retailers worldwide, starting at $99.99 USD.
- Poly Lens and the Poly Lens App for desktop are currently available worldwide at no extra cost. Poly Lens App for mobile will be available soon.
To learn more about the Poly solutions delivering workplace equity for hybrid and office workers, please visit poly.com/work-wherever.
About Poly
Poly (NYSE: POLY) creates premium audio and video products so you can have your best meeting -- anywhere, anytime, every time. Our headsets, video and audio-conferencing products, desk phones, analytics software and services are beautifully designed and engineered to connect people with incredible clarity. They're pro-grade, easy to use and work seamlessly with all the best video and audio-conferencing services. Poly MeetingAI delivers a broadcast quality video conferencing experience with Poly DirectorAI technology which uses artificial intelligence and machine learning to deliver real-time automatic transitions, framing and tracking, while NoiseBlockAI and Acoustic Fence technologies block-out unwanted background noise. With Poly (Plantronics, Inc. – formerly Plantronics and Polycom), you'll do more than just show up, you'll stand out. For more information visit www.Poly.com.
All other trademarks are the property of their respective owners.
Poly Media Contact:
Shannon Shamoon
+1 (831) 201-9142
Shannon.Shamoon@poly.com
Investor Relations:
Mike Iburg
Vice President, IR
+1 (831) 458-7533
Mike.iburg@poly.com
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SOURCE Poly | https://www.whsv.com/prnewswire/2022/05/10/polys-pro-grade-devices-remote-management-tools-deliver-total-equity-wherever-you-work/ | 2022-05-10T07:02:46Z |
- The Consortium jointly, through Aztiq II HoldCo, has completed the acquisition of a 100% stake in Alvogen Emerging Markets Holdings Limited, thereby becoming the leading shareholders in Lotus Pharmaceuticals and Adalvo
- Róbert Wessman, Chairman and CEO of Alvogen and Founder of Aztiq Pharma Partners, will continue as Chairman of the board of Lotus and Adalvo.
- The Consortium's collective industry experience, geographic reach, and commitment to sustainable development, creates a unique alliance of investors and leaders, with the financial strength to support the companies' continued development.
LONDON, May 10, 2022 /PRNewswire/ -- Aztiq Pharma Partners ("Aztiq"), a private equity company led by Alvogen Founder and Chairman Róbert Wessman, and Innobic (Asia) Company Limited ("Innobic") have completed the acquisition of a 100% stake in Alvogen Emerging Market Holdings Limited ("AEMH") from its existing shareholders in a $500 million deal to form a Pharma powerhouse with resources, networks and reach across the globe.
With this deal, which is one of the largest pharma transactions in the world this year, the consortium becomes the leading shareholder in the global oncology pharmaceutical company Lotus Pharmaceuticals ("Lotus", TWSE ticker: 1795), and the owner of 100% shares in Alvogen Malta Holding Ltd., the shareholder of a fast-growing global business to business (B2B) pharmaceutical company Adalvo.
AEMH was previously owned by Alvogen Lux Holdings Sarl ("Alvogen"). Key shareholders in Alvogen include CVC Capital Partners and Temasek Holdings of Singapore, as well as Aztiq. Alvogen will remain a leading shareholder in the generics pharmaceutical company Alvogen US, including specialty pharma company Almatica, as well as being the second largest shareholder in global biosimilar company Alvotech.
The expertise that the members of the consortium bring is impressive: Robert Wessman has successfully grown private equity firm Aztiq from a small local business to a regional contender. Innobic is owned by the largest conglomerate in Thailand, PTT Group, and has built extensive commercial and business networks in the fast-growing ASEAN countries.
Aztiq is led by Robert Wessman, who will continue to serve as Chairman of the Board of Lotus and Adalvo.
This unique market knowledge along with strong support from shareholders will provide Lotus and Adalvo with a competitive advantage in a thriving industry, enabling them to become global leaders in the pharma industry. Both companies have the shared goal of making high-quality medicines accessible to patients around the world and with the expertise and resources that will be readily available to them, this goal will be further accelerated. From oral oncology to research for innovation to over-the-counter products, together Lotus and Adalvo will pave the way for global access to first-class treatments and medication.
Róbert Wessman, Chairman and CEO of Alvogen and Founder of Aztiq, commented: "I am very proud to have witnessed the maturation of both Lotus and Adalvo. I would like to take this opportunity to thank the existing shareholders for their great support in transformation of both Lotus and Adalvo and at the same time I would like to welcome our new partner, as we look forward to carrying out the essential work of expanding access to medicines with the strong expertise which all parties bring. With the comprehensive geographic networks and solid market intelligence in ASEAN brought by PTT and Innobic, I believe that Lotus and Adalvo will have a compelling competitive advantage, which enables both Lotus and Adalvo to become global leaders in their sectors."
Dr. Buranin Rattanasombat, Senior Executive Vice President, Innovation and New Ventures, PTT and Chairman of Innobic (Asia), commented: I am very pleased with the success of this transaction, remarking this step as the beginning of the next chapter for the collaboration. Innobic is committed to explore and develop transformative therapies that improve access for patients in the Region. This collaboration will strengthen and enhance Lotus' competitiveness and Adalvo pharma presence in ASEAN and globally."
About Aztiq
Aztiq is a long-term healthcare investor led by Alvogen's and Alvotech's Founder and Chairman Róbert Wessman. Aztiq, whose key investment focus is on pharmaceutical assets, is currently a leading and co-leading shareholder and operator of the following pharmaceutical assets:
Lotus – A leading global pharmaceutical company (www.lotuspharm.com)
Adalvo – Global B2B pharmaceutical company (www.adalvo.com)
Alvotech – A global biosimilar company (www.alvotech.com)
Alvogen US / Almatica – US generics (Gx) and Specialty Pharmaceutical company. (www.alvogenus.com / www.almatica.com)
Established in 2009, Aztiq was founded on the principle that everyone should have the right to medicine, regardless of their financial means.
Róbert Wessman, has led over 50 strategic acquisitions and partnerships and established operations in over 60 countries. Wessman, alongside his seasoned team in Aztiq, continues to successfully launch and scale both industry-leading generic pharmaceutical and biosimilar companies all over the world.
Media Enquiries:
Lára Ómarsdóttir
+354 659 9166
lara@aztiq.is
Photo - https://mma.prnewswire.com/media/1813464/Aztiq_ceremony.jpg
Logo - https://mma.prnewswire.com/media/1696676/AZTIQ_Logo.jpg
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SOURCE Aztiq | https://www.whsv.com/prnewswire/2022/05/10/robert-wessman-led-aztiq-completes-500-million-transaction-an-alliance-with-innobic-create-an-international-pharma-powerhouse/ | 2022-05-10T07:02:53Z |
CHICAGO, May 9, 2022 /PRNewswire/ -- Ryerson Holding Corporation (NYSE: RYI), a leading value-added processor and distributor of industrial metals, announced today its investment in FreeFORM Technologies ("FreeFORM"), an additive manufacturing and engineering company specializing in metal additive manufacturing including metal binder jet 3D printing and metal injection molding. Founded in 2020, FreeFORM serves manufacturers in a multitude of industries and strategically aligns with Ryerson's current and future customer base.
"This investment in FreeFORM marks Ryerson's entry into a partnership with strategically desired exposure to additive manufacturing," said Chief Operations Officer Mike Burbach. "It is an important step forward allowing us to explore synergies, new opportunities and additional value-added capabilities with our customers as we look towards the emerging present and future of the metals industry."
"We are excited to partner with a forward-thinking metal company like Ryerson" said Nate Higgins, President of FreeFORM Technologies. "Our shared vision of bringing freedom of design to the customer experience will help to change the conventional thinking of manufacturing."
Ryerson is a leading value-added processor and distributor of industrial metals, with operations in the United States, Canada, Mexico, and China. Founded in 1842, Ryerson has around 4,000 employees in approximately 100 locations. Visit Ryerson at www.ryerson.com.
Certain statements made in this presentation and other written or oral statements made by or on behalf of the Company constitute "forward-looking statements" within the meaning of the federal securities laws, including statements regarding our future performance, as well as management's expectations, beliefs, intentions, plans, estimates, objectives, or projections relating to the future. Such statements can be identified by the use of forward-looking terminology such as "objectives," "goals," "preliminary," "range," "believes," "expects," "may," "estimates," "will," "should," "plans," or "anticipates" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy. The Company cautions that any such forward-looking statements are not guarantees of future performance and may involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a result of various factors. Among the factors that significantly impact our business are: the cyclicality of our business; the highly competitive, volatile, and fragmented metals industry in which we operate; fluctuating metal prices; our substantial indebtedness and the covenants in instruments governing such indebtedness; the integration of acquired operations; regulatory and other operational risks associated with our operations located inside and outside of the United States; impacts and implications of adverse health events, including the COVID-19 pandemic; work stoppages; obligations under certain employee retirement benefit plans; the ownership of a majority of our equity securities by a single investor group; currency fluctuations; and consolidation in the metals industry. Forward-looking statements should, therefore, be considered in light of various factors, including those set forth above and those set forth under "Risk Factors" in our annual report on Form 10-K for the year ended December 31, 2021, our quarterly report on Form 10-Q for the quarter ended March 31, 2022, and in our other filings with the Securities and Exchange Commission. Moreover, we caution against placing undue reliance on these statements, which speak only as of the date they were made. The Company does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events or circumstances, new information or otherwise.
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SOURCE Ryerson Holding Corporation | https://www.whsv.com/prnewswire/2022/05/10/ryerson-announces-investment-freeform-technologies/ | 2022-05-10T07:02:59Z |
SINGAPORE, May 9, 2022 /PRNewswire/ -- Stamford American International School earned recognition from the American Chamber of Commerce (AmCham) Singapore for its corporate social responsibility (CSR) efforts. The AmCham CARES award, presented by Mr. Chan Chun Sing, Minister for Education and Minister-in-charge of the Public Service, and AmCham Chairman Lisa Liaw at a ceremony on April 22 at the Shangri La Hotel, identified organizations that combine sustainability and socially responsible business practices with strong community engagement.
Stamford American was the only educational institution among 36 recipients, such as Google Asia Pacific, Johnson & Johnson and 3M Technologies, to receive the award for distinction.
In addition to an IB curriculum that includes service learning and action, Stamford American champions student-led opportunities and projects to make a difference in Singapore and the world at large.
Humanities teacher and service learning coordinator Garrett McKeen believes that the future of education lies in service to others.
"Service is not something that you learn in the classroom," he said. "Stamford American empowers students to take charge of their learning through service in the real world."
Each year, more than 500 students actively participate in their own initiatives, contributing to causes and charities of their choice. At Stamford American, there are many ways students can apply service learning, including school clubs, co-curricular activities (CCAs), individual projects, community projects and more.
Key initiatives that contributed to this award:
- A walk-a-thon to raise more than $10,000 for Singapore Association for Mental Health.
- A Month of Giving campaign, organized by Stamford American's Parent Teacher Association, High School service clubs and Middle School Guide Dogs CCA, that raised over $2,700 for service partners at Community Chest, NGO Causes for Animals and Guide Dogs Singapore.
- A donation drive by the Peer Tutoring Club to collect educational supplies for underprivileged children with the help of Community Chest and Methodist Welfare Services.
- Several donation drives organized by Middle School and High School students to collect clothing for a village in Cambodia and to work with Daughters Raising, an NGO in Thailand.
- Stamford American's Parent Teacher Association collaborated with Toys for Tots and It's Raining Raincoats to collect materials, daily necessities, and toys for both migrant workers and underprivileged children.
- Student-led sustainability projects such as OIKOS, Rare Tree Guardians, and Hydroponics, all of which address ecological literacy in the Stamford American community and sustainability for the future.
"We're honored to be recognized for the many ways we connect students to service projects that impact the greater community," said Superintendent Mark Wenzel. "Our goal at Stamford American is not only to create great thinkers and problem-solvers, but to inspire our students to think beyond themselves and realize they truly can make a difference."
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SOURCE Stamford American International School | https://www.whsv.com/prnewswire/2022/05/10/sais-lands-community-impact-award-amcham-service-projects/ | 2022-05-10T07:03:06Z |
Revolutionary displays will be highlighted including two-way mobile slidables, new foldable displays for gaming, and the most advanced quantum dot display technology for the large display market.
SEOUL, South Korea, May 9, 2022 /PRNewswire/ -- Samsung Display today announced that it will play a prominent role at Display Week 2022, May 10-12 (Pacific Time) in San Jose, California. As the world's largest producer of digital communication displays, the company said it will spotlight a wide range of its most advanced next-generation technologies in Booth #715 under the theme: "Meet the Amazing Techverse in Samsung Display."
"Since Display Week 2022 returns to live exhibitions after a hiatus of three years, office managers, workstation professionals, and consumers are showing greater interest in this industry-leading event," according to Samsung Display. "Through the unveiling and demonstration of our most promising market solutions, audiences worldwide will be able to appreciate our vision of a rapidly-expanding, technology-enhancing and color-perfecting display business," the company added.
Marking its return to in-person exhibitions after years of pandemic caution, Samsung Display will reveal a far-reaching vision for the future of the display industry*. The company will highlight self-luminous technologies, which are likely to trigger a rapid expansion of markets, particularly its two-way slidable displays; a digital automotive cockpit featuring an OLED for multi-display solutions; foldable displays for portable gaming devices; and the QD-Display, which has riveted the market with unparalleled picture quality.
From foldable to slidable, Samsung OLED is redefining mobile display innovation
The Flex OLED zone, in Samsung Display's booth, is expected to be one of the most popular on the show floor with multiple concept prototypes including the Flex G, which folds inwards twice, and the Flex S, that folds both inward and outward. The company's 6.7-inch slidable product will also debut here at Display Week. This display expands upward, unlike existing mobile sliding displays that stretch horizontally. This capability is advantageous for document work, as well as social media postings.
Samsung Display will also premier its 12.4-inch slidable display this year, with a panel that expands the screen horizontally ― from both ends. This enhances portability by reducing the length of the screen to 8.1 inches, and providing a more immersive visual experience for multi-tasking or watching video clips by extending to its full 12.4 inches.
Jump-starting new markets: A foldable display for gamers, and an automotive digital cockpit
Samsung Display will showcase a new market category with its Gaming Foldable OLED display which allows controllers to be attached at both ends, but can also be folded in half. Gamers will have access to a larger gaming screen in their living rooms, while maximizing portability when not in use. Holding the device vertically allows a multi-display setup that keeps the screen on top and the controller at the bottom, providing a richer gaming experience.
Samsung Display will also unveil a "Digital Cockpit," a multi-display solution aimed at the automotive market that combines the instrument cluster display and the central information display. The Digital Cockpit, which will be displayed in the booth's OLED Auto-zone, is designed to provide accurate easy-to-access driving information without any image sticking. Available in 7-, 12.3- and 15.7-inch sizes, the glass-based OLED cockpit can be designed with multiple screens. In addition, it can be enhanced with a number of aesthetic touches including sophisticated curves, true black color and a slim bezel design.
For the laptop market, Samsung Display will introduce a world-first OLED display that features a 240 Hz refresh rate, which has been highly desired by gamers.
Samsung's QD-Display attracting a huge audience, with picture quality at its finest
QD-Display, which Samsung Display began mass-producing in November (2021) will also be spotlighted at Display Week.
QD-Display is the world's first self-illuminating display that has built-in quantum dots with no backlight needed. In its Display Week exhibition, Samsung Display is demonstrating three offerings of the highly regarded display―panels for 55- and 65- inch TVs as well as one for a 34-inch monitor.
Capitalizing on the color-enriching characteristics of quantum dots, QD-Display supports the widest color gamut, outperforming any other displays on the market, and shows colors as they appear in nature. Quantum dots' optical properties and their ability to disperse light widely allow users to appreciate content with vibrant picture quality, at any angle.
QD-Display in technology Outlook Business Conference session
* Editor's Note: Display Week, hosted by the Society for Information Display (SID), is the world's largest display-specialized exhibition. It is returning to greeting audiences in person after three years of online exhibitions brought on by the outbreak of COVID-19.
About Samsung Display
Samsung Display Co., Ltd. is a global leader in the display panel market, with OLED and LCD technologies and products. Samsung Display has seven production facilities and five branch sales offices worldwide. The company specializes in high-quality displays for consumer, mobile, IT and industrial usage, including those featuring OLED (organic light-emitting diode) and LCD technologies. As a total solution provider, Samsung Display strives to advance the future with next-generation technologies featuring ultra-thin, energy-efficient, flexible, and transparent displays. For more information, please visit www.samsungdisplay.com or http://global.samsungdisplay.com.
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SOURCE Samsung Display | https://www.whsv.com/prnewswire/2022/05/10/samsung-display-demonstrate-broad-global-vision-technology-innovation-display-week-2022/ | 2022-05-10T07:03:13Z |
Heads sales in Asia-Pacific region as demand continues to grow for firm's trade surveillance, market risk solutions
NEW YORK and SYDNEY, May 9, 2022 /PRNewswire/ -- Eventus, a leading global provider of multi-asset class trade surveillance and market risk solutions, announced today that Scott B. Leader has joined as Managing Director, APAC, heading the company's sales efforts in the Asia-Pacific region. Leader has nearly three decades of financial services, sales and management experience throughout APAC and Europe, hiring and building high-performing teams at large organizations, including financial exchanges and global business information services providers.
Reporting to Eventus Global Head of Sales Scott Schroeder, Leader is based in Sydney, where he has spent most of his career. The U.S.-based company has been steadily growing its presence in APAC, with staff now on the ground in Hong Kong, Singapore, the Republic of Korea and Australia, along with an expanding client base throughout the region.
Schroeder said: "Scott has a great record of driving growth as well as building and managing successful sales teams at major capital markets organizations. Given the very different approach to financial market regulation throughout APAC, there is a compelling need for our services and expertise, and Scott will play a key role in fueling our expansion. We've already established a strong foundation in the region and want to continue to add to our teams in sales, account management and support to serve an ever-increasing client base."
Leader said: "Eventus is a highly innovative, respected company that partners closely with clients to make markets safer and help meet their regulatory and compliance challenges. I'm looking forward to building on the talented team and delivering this complete solution to a diverse region with such a wide range of unique jurisdictions."
Leader previously served since 2020 as Executive Director, Large Enterprise for Workday, Inc. a provider of enterprise cloud applications for finance and human resources. Prior to that role, he was Regional Vice President of cloud content management and sharing platform Box, Inc., where he founded and ran the Sydney office that ultimately served the firm's Southeast Asian region in sales, consulting, customer success, marketing and business development.
He has also held senior-level roles at the Australian Securities Exchange (ASX), NYSE Euronext, Bloomberg LP, SunGard Financial Systems (now FIS), Misys and Pegasystems.
Last year, Eventus won four awards specifically for its work in the APAC region:
- Regulation Asia Awards for Excellence: Best Solution – Market Abuse & Surveillance
- WatersTechnology Asia Award for Best Market Surveillance Tool
- RegTech Insight Award APAC for Best Trade Surveillance Solution
- FOW Asia Capital Markets Award for Best New Product – Market Surveillance
About Eventus
Eventus is a leading global provider of multi-asset class trade surveillance and market risk solutions. Its powerful, award-winning Validus platform is easy to deploy, customize and operate across equities, options, futures, foreign exchange (FX), fixed income and digital asset markets. Validus is proven in the most complex, high-volume and real-time environments of tier-1 banks, broker-dealers, futures commission merchants (FCMs), proprietary trading groups, market centers, buy-side institutions, energy and commodity trading firms, and regulators. The company's rapidly growing client base relies on Validus and Eventus' responsive support and product development teams to overcome its most pressing regulatory challenges. For more, visit www.eventus.com.
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SOURCE Eventus | https://www.whsv.com/prnewswire/2022/05/10/scott-leader-named-managing-director-apac-eventus/ | 2022-05-10T07:03:20Z |
HAMILTON, Bermuda, May 10, 2022 /PRNewswire/ -- Seadrill Limited ("Seadrill" or "the Company") (XOAS:SDRL) announces that its Q1 2022 earnings will be published on May 25, 2022.
Seadrill's executive management team will provide a live presentation at 9:00am EST / 2:00pm BST / 3:00pm CET on May 25, 2022. Subsequent to the presentation, a Q&A session will be held exclusively for sell-side and industry analysts.
To tune into the live presentation, the following options are available:
Webcast
To register to the conference call via webcast, please follow this link: https://bit.ly/382TvK2
Conference call
To listen to the presentation via conference call, please join the call on the day by dialling one of the international telephone numbers listed below and using the corresponding pin: 425187
United States: +1 855 9796 654
+1 646 664 1960
Norway: +81 503 308
UK: +44 800 640 6441
+44 20 3936 2999
UAE: +971 800 0357 04553
If dialling into the presentation via conference call, you will be able to download the presentation materials via the Company's website: www.seadrill.com.
If you are unable to tune into the webcast, a replay of the presentation will be made available soon after the live event on the Investor Relations section of the website: www.seadrill.com/investors/.
About Seadrill
Seadrill is a leading offshore drilling contractor utilizing advanced technology to unlock oil and gas resources for clients across harsh and benign locations around the globe. Seadrill's high-quality, technologically-advanced fleet spans all asset classes allowing its experienced crews to conduct operations from shallow to ultra-deep-water environments. The Company owns and/or operates 30 rigs, which includes drillships, semi-submersibles, and jack-ups.
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements. Such statements are generally not historical in nature, and specifically include statements about the Company's plans, strategies, business prospects, changes and trends in its business and the markets in which it operates. These statements are made based upon management's current plans, expectations, assumptions and beliefs concerning future events impacting the Company and therefore involve a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, which speak only as of the date of this news release. Consequently, no forward-looking statement can be guaranteed. When considering these forward-looking statements, you should keep in mind the risks described from time to time in the Company's regulatory filings and periodical reporting. The Company undertakes no obligation to update any forward looking statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for the Company to predict all of these factors. Further, the Company 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.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Media questions should be directed to:
Sara Dunne
Director of Communications
communications@seadrill.com
+ 1 281 630 7064
Analyst questions should be directed to:
Hawthorn Advisors
seadrill@hawthornadvisors.com
+44 (0) 203 7454960
This information was brought to you by Cision http://news.cision.com
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SOURCE Seadrill Limited | https://www.whsv.com/prnewswire/2022/05/10/sdrl-notice-q1-2022-earnings-release-presentation/ | 2022-05-10T07:03:28Z |
NEW ORLEANS, May 10, 2022 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of ServiceSource International, Inc. (NasdaqGS: SREV) to Concentrix Corporation (NasdaqGS: CNXC). Under the terms of the proposed transaction, shareholders of ServiceSource will receive only $1.50 in cash for each share of ServiceSource that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqgs-srev/ to learn more.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
1100 Poydras St., Suite 3200
New Orleans, LA 70163
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SOURCE Kahn Swick & Foti, LLC | https://www.whsv.com/prnewswire/2022/05/10/servicesource-investor-alert-by-former-attorney-general-louisiana-kahn-swick-amp-foti-llc-investigates-adequacy-price-process-proposed-sale-servicesource-international-inc-srev/ | 2022-05-10T07:03:34Z |
NEW YORK, May 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 ServiceSource International, Inc. (SREV), relating to its proposed acquisition by Concentrix Corp. Under the terms of the agreement, SREV shareholders will receive $1.50 in cash per share they own. Click here for more information: https://www.monteverdelaw.com/case/servicesource-international-inc. It is free and there is no cost or obligation to you.
About Monteverde & Associates PC
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 SREV 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.whsv.com/prnewswire/2022/05/10/shareholder-alert-mampa-class-action-firm-announces-an-investigation-servicesource-international-inc-srev/ | 2022-05-10T07:03:41Z |
BELLEVUE, Wash., May 10, 2022 /PRNewswire/ -- Soundcore, Anker Innovations' premium audio brand, today unveiled the Motion Boom Plus Bluetooth speaker, a new speaker that delivers up to 80 Watts of powerful audio output for an on-the-go outdoor music experience with a built-in handle and carrying strap. Integrating the portable design and extended 20-hour battery life, the Motion Boom Plus is ready to rock a party anytime, anywhere.
"Combining an IP67 rating with its upgraded woofers, newly added tweeters, more power, and portable carry handle, the Motion Boom Plus is the ideal Bluetooth speaker for the park or at an outdoor pool or beach party," said Frank Zhu, General Manager of Soundcore's Speaker division. "We've also made it two times louder than its predecessor to help keep the party going, all day and all night long."
Enhanced Sound Performance
The Motion Boom Plus features upgraded titanium drivers and BassUp technology, offering users punchy bass and detailed high end. To produce the full audible frequency range and keep the overall balance of Soundcore's sound signature, the Motion Boom Plus comes equipped with dual 3.5-inch woofers, powered each by 30 Watts (60W Total). Combined with the passive bass radiators on the ends of the speaker, the Motion Boom Plus can accurately reproduce bass notes from any genre of music. Additionally, it also utilizes dual 1-inch tweeters, powered each by 10 Watts (20W Total) to effortlessly play the delicate high and mid-range frequencies found in vocals, woodwind and stringed instruments or favorite dance music.
Portable Outdoor Design
With the removable shoulder strap and built-in handle, the Motion Boom Plus brings a new level of portability to music lovers. Additionally, the floatable design and IP67 waterproof and dustproof rating make it perfect for almost any location, including pools and beaches without worrying about getting wet or sandy, while ensuring the speaker delivers the perfect soundtrack wherever it goes.
Extended Battery Life and Customized Listener Experience
With its 13,400 mAh internal battery, the Motion Boom Plus provides up to 20 hours of playtime, giving partygoers uninterrupted entertainment from sunrise to sunset. Through the Soundcore PartyCast feature, users can pair up to 100 compatible Soundcore PartyCast speakers together (Flare 2, Rave PartyCast, Soundcore 3, Trance Go, etc.) to amplify the expressive audio experience. The Motion Boom Plus also allows users to personalize the sound via the user-adjustable EQ function found in the Soundcore app.
Availability and Pricing
The Motion Boom Plus is slated to be available for purchase on May 30th for $179.99 in the US, £189.99 in the UK; € 179.99 EUR in Germany and Europe and $229.99 CAD in Canada on Amazon.com, Soundcore.com and other retail partners. The Motion Boom Plus will also be available for pre-order on Soundcore's website at: www.soundcore.com in the US in each market in Canada, UK, or Germany.
Images for the new Motion Boom Plus can be found at https://bit.ly/motionboomplus
About Soundcore
Soundcore is committed to reinventing audio by bringing it to the people. This includes premium wireless headphones and beautifully designed indoor and outdoor speakers that support popular music services, voice services, and an ever-growing number of compatible smart home products. For more information visit www.soundcore.com.
About Anker Innovations
Anker Innovations is a global leader in charging technology and a developer of unique, consumer electronic products that support premium audio, mobile entertainment and the emerging smart home space. This innovation is being led by its six key brands: Anker, AnkerWork, eufy, Nebula, Soundcore and now, AnkerMake. More information on Anker Innovations and its various brands can be found at anker.com.
Soundcore PR Contact:
Adam Weissman
Senior PR Manager, Soundcore
adam.weissman@anker.com
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SOURCE Soundcore; Anker Innovations | https://www.whsv.com/prnewswire/2022/05/10/soundcore-motion-boom-plus-bluetooth-speaker-brings-powerful-sound-on-the-go/ | 2022-05-10T07:03:48Z |
New portfolio can help make EVs safer while reducing solution size up to 90% and cost by as much as 50%
DALLAS, May 10, 2022 /PRNewswire/ -- Building on more than two decades of experience developing new isolation manufacturing technologies and integrated circuits (ICs) for high-voltage systems, Texas Instruments (TI) (Nasdaq: TXN) today introduced a new portfolio of solid-state relays, including automotive-qualified isolated drivers and switches, that deliver industry-leading reliability to help make electric vehicles (EVs) safer. The new isolated solid-state relays also provide the smallest solution size while reducing the bill-of-materials (BOM) cost of powertrain and 800-V battery-management systems. For more information, see ti.com/ssr-pr.
The TPSI3050-Q1 isolated switch driver with an integrated 10-V gate supply and the TPSI2140-Q1 1,400-V, 50-mA isolated switch both integrate power and signal isolation across a single barrier using a unique approach that improves reliability, while significantly reducing solution size and cost compared to existing electromechanical relays and solid-state photorelays. The devices are the first in a new solid-state relays portfolio that will also include ICs designed for high-voltage industrial applications. To learn more about the benefits of solid-state relays, read the technical article, "How to Achieve Higher-Reliability Isolation and a Smaller Solution Size with Solid-State Relays."
"High-voltage systems are becoming more prevalent, especially with the increased adoption of EVs. At TI, we are strongly focused on finding new ways for system designers to solve complex isolation challenges, such as ensuring reliable and safe vehicle operation as the industry transitions to 800-V batteries, while also reducing solution size and cost," said Troy Coleman, vice president and general manager of Power Switches, Interface and Lighting at Texas Instruments. "By integrating more functionality within our isolation technology, our new solid-state relays enable engineers to reduce the size, cost and complexity of high-voltage power supplies while maintaining the safety of next-generation automotive and industrial systems."
Achieve higher system reliability with integrated isolation technology
The new solid-state relays can disconnect and connect loads through a single isolation barrier in microseconds – compared to milliseconds for electromechanical relays – to enable safer operation of high-voltage automotive systems. The TPSI3050-Q1, which offers reinforced isolation up to 5 kVRMS, also provides an operating lifetime that's 10 times higher than electromechanical relays, which can degrade over time. Additionally, the TPSI2140-Q1 offers basic isolation up to 3.75 kVRMS, enabling it to achieve more than four times higher time-dependent dielectric breakdown reliability than solid-state photorelays.
Reduce system size and cost with integrated power and signal isolation
The solid-state relays integrate power and signal transfer in a single chip while also eliminating at least three components from their designs, significantly reducing solution size while cutting BOM costs by as much as 50%. The TPSI3050-Q1 reduces solution size up to 90% compared to mechanical relay solutions by integrating the functions of an isolated power supply, digital isolator and gate driver. The TPSI2140-Q1 reduces solution size by as much as 50% compared to traditional solid-state photorelay solutions by integrating a signal field-effect transistor and resistors, and eliminating the need for a reed relay.
Improve safety of 800-V EV battery-management systems
Designed for high-voltage measurements and insulation monitoring, the TPSI2140-Q1 works with a battery-pack monitor such as the BQ79631-Q1 to detect insulation faults in 800-V battery-management systems faster and with higher accuracy than solid-state photorelays. The TPSI2140-Q1 enables the use of <1-MΩ resistors and withstands over 300% more avalanche current than traditional photorelays to help enable safer human-system interaction.
Package, availability and pricing
The TPSI3050-Q1 and TPSI2140-Q1 are available in pre-production, 1,000-unit quantities only on TI.com at US$1.99 and US$2.75, respectively. Engineers can evaluate these products with the TPSI3050Q1EVM and TPSI2140Q1EVM evaluation modules, available on TI.com for US$49 each.
Isolation products that are different by design
The solid-state relays are the latest addition to TI's growing portfolio of products for isolating signals, power or both. Other new products include the UCC14240-Q1 isolated DC/DC bias-supply module, which leverages TI's proprietary, integrated transformer technology to enable high power density, low electromagnetic interference and high reliability to improve EV driving ranges, and the AMC23C12, the industry's first reinforced isolated comparator. The AMC23C12 combines the functions of standard comparators with a galvanic isolation barrier while reducing solution size by 50% and providing ultra-fast isolated bidirectional overcurrent and overvoltage detection in less than 400 ns. For more information, see https://www.ti.com/isolation.
About Texas Instruments
Texas Instruments Incorporated (Nasdaq: TXN) is a global semiconductor company that designs, manufactures, tests and sells analog and embedded processing chips for markets such as industrial, automotive, personal electronics, communications equipment and enterprise systems. Our passion to create a better world by making electronics more affordable through semiconductors is alive today, as each generation of innovation builds upon the last to make our technology smaller, more efficient, more reliable and more affordable – making it possible for semiconductors to go into electronics everywhere. We think of this as Engineering Progress. It's what we do and have been doing for decades. Learn more at TI.com.
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SOURCE Texas Instruments | https://www.whsv.com/prnewswire/2022/05/10/ti-drives-isolation-technology-forward-with-new-solid-state-relays-that-provide-industry-leading-reliability/ | 2022-05-10T07:03:54Z |
LUND, Sweden, May 10, 2022 /PRNewswire/ -- Alfa Laval's specially designed heat exchangers will recover waste heat from a sulphuric acid plant for reuse in district heating in Hamburg, Germany. The initial waste heat recovery process was installed in 2018, and the plant is now expanding the project to provide heating for more approximately 23,000 households, offices, hotels and the university. The project is part of a German government initiative to increase the city's green footprint.
Aurubis Group is a leading global provider of non-ferrous metals and one of the largest copper recyclers worldwide. The related sulphuric acid process releases significant amounts of heat which was previously cooled with water from the River Elbe and thus left unutilized. Some years ago, Aurubis contacted Alfa Laval with a request to design a heat recovery process based on customized plate heat exchangers, fully adapted to cope with the high demands of corrosion, high pressure and extreme temperatures. This collaboration resulted in a process based on unique Alfa Laval plate heat exchanger technology designed to meet these requirements.
Now Alfa Laval will supply heat exchangers for the next phase, with delivery scheduled for 2023 and 2024. The expanded process installation will enable yearly savings of 100,000 tonnes CO2 emissions.
"Our efficient plate heat exchanger technology saves energy and reduces carbon emissions, which is beneficial for both our customers and society. Today, four out of five heat exchangers sold within the Energy division are related to energy efficiency, energy savings and reuse where they make a difference also in a wider and broader scale," says Thomas Møller, President of the Energy Division.
Did you know… Alfa Laval's plate heat exchanger technology is 20-50 percent more efficient than conventional technology used by the industry.
This is Alfa Laval
Alfa Laval is a world leader in heat transfer, centrifugal separation and fluid handling, and is active in the areas of Energy, Marine, and Food & Water, offering its expertise, products, and service to a wide range of industries in some 100 countries. The company is committed to optimizing processes, creating responsible growth, and driving progress to support customers in achieving their business goals and sustainability targets.
Alfa Laval's innovative technologies are dedicated to purifying, refining, and reusing materials, promoting more responsible use of natural resources. They contribute to improved energy efficiency and heat recovery, better water treatment, and reduced emissions. Thereby, Alfa Laval is not only accelerating success for its customers, but also for people and the planet. Making the world better, every day.
Alfa Laval has 17,900 employees. Annual sales in 2021 were SEK 40.9 billion (approx. EUR 4 billion). The company is listed on Nasdaq Stockholm.
For more information please contact:
Johan Lundin
Head of Investor Relations
Alfa Laval
Tel: +46 46 36 65 10
Mobile: +46 730 46 30 90
Eva Schiller
PR Manager
Alfa Laval
Tel: + 46 46 36 71 01
Mobile: +46 709 38 71 01
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SOURCE Alfa Laval | https://www.whsv.com/prnewswire/2022/05/10/unique-alfa-laval-technology-recovers-industrial-waste-heat-reuse-hamburgs-district-heating-network/ | 2022-05-10T07:04:01Z |
- UNLIMEAT, the leading plant-based meat company from Korea, has begun crowdfunding through Kickstarter to bring its plant-based jerky products to the US market.
- It is the first Korean-made Asian flavor inspired jerky to be introduced to the US market.
LOS ANGELES, May 9, 2022 /PRNewswire/ -- UNLIMEAT, a plant-based meat brand from Korea, will officially launch its plant-based jerky in the US market on May 10th via Kickstarter, a global crowdfunding platform.
UNLIMEAT is the market leader in Korea's alternative meat market, with its first product, plant-based Korean BBQ made from upcycled food, having entered the market in 2019. The company has expanded its product line to include plant-based pulled pork, mince, burger patties, meatballs, cheese, and dumplings and has a huge fanbase in Korea, where the vegetarian market has recently begun to bloom.
This crowdfunding is an event to introduce their hit UNLIMEAT plant-based jerky, which sold out immediately on its April launch in Korea, to the US market. UNLIMEAT plant-based jerky is made using non-GMO soy protein, wheat protein, and other plant-based ingredients to create the same chewy texture as real meat. It isn't made with any artificial ingredients or flavors: beets and pomegranates are used for its coloring, and citrus extracts are used as natural preservatives.
UNLIMEAT plant-based jerky contains 9g of protein per 1 serving(30g), the same as real beef jerky, and contains no cholesterol or trans-fats, so it is perfect for those who are on a diet or who love exercising. It is also good as an outdoor snack during hiking or climbing thanks to its easy portability. Currently, two flavors have been released: Korean BBQ flavor (made using a traditional Korean barbecue recipe), and Smoky Chili (flavored with cumin and pepper).
UNLIMEAT Plant-based jerky will debut on Kickstarter, with a pre-launch on May 10th and the official launch of its month-long Kickstarter on May 31st. Anyone ordering our jerky during the Kickstarter will receive a 30%-38% discount. An UNLIMEAT representative commented, "This is the first time we've introduced our Asian-inspired plant-based jerky to the US market. Korean BBQ is becoming popular in the USA, so we're hoping this original, traditional Korean BBQ recipe straight from Korea will be popular. We hope we'll attract a lot of attention from American consumers."
UNLIMEAT is a member of 1% for the planet, which donates 1% of annual corporate sales to environmental protection organizations. 1% of the money raised from the UNLIMEAT plant-based jerky Kickstarter will also be donated toward environmental protection.
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SOURCE UNLIMEAT | https://www.whsv.com/prnewswire/2022/05/10/unlimeat-plant-based-jerky-begins-crowdfunding-kickstarter/ | 2022-05-10T07:04:07Z |
GREENSBORO, N.C., May 9, 2022 /PRNewswire/ -- Volvo Trucks North America customer, Quality Custom Distribution (QCD) — a Golden State Foods (GSF) company — is increasing its commitment to zero-tailpipe emission freight transport with its latest order of 30 Volvo VNR Electrics. In early 2023, the battery-electric Class 8 trucks will be deployed in QCD's Southern California fleet operations delivering products to restaurants and coffee shops throughout Riverside and San Bernardino Counties. This multi-stakeholder electrification project, announced during a press event on Monday, May 9, at the Advanced Clean Transportation (ACT) Expo, includes 16 fast chargers and a renewable energy microgrid to power the chargers.
"Volvo Trucks commends our customer QCD for its continued electromobility leadership and the investments the company has made to reduce the carbon footprint of its last-mile delivery fleet," said Peter Voorhoeve, president of Volvo Trucks North America. "It is exciting to see QCD continue to grow its Volvo VNR Electric fleet so that the company can service some of the nation's most iconic restaurants with zero-tailpipe emission trucks."
Each year, QCD's fleet of 700 Class 8 tractors makes more than one million last-mile deliveries from its 26 distribution centers across the U.S., averaging more than 35 million miles on the road annually. The company's investment in Volvo VNR Electric, which now includes 45 trucks, is a central part of its strategy to help its customers reduce their supply chain emissions.
"QCD has gained incredible firsthand insight into the real-world performance of battery-electric trucks during the past year while operating a Volvo VNR Electric truck as part of the Volvo LIGHTS project," said Shane Blanchette, senior director of operations, QCD. "We now have the experience needed to map out the ideal routes to integrate additional battery-electric trucks, and we'll use this knowledge as we deploy the additional 44 Volvo VNR Electrics from our distribution centers in Fontana and La Puente, California."
Last April, QCD ordered its first batch of 14 leased Volvo VNR Electric trucks with funding support from a grant awarded to Volvo Financial Services from the Mobile Source Air Pollution Reduction Review Committee's (MSRC) Inland Port Program. The first Volvo VNR Electrics from the 2021 order will start operations this month out of its distribution center in Fontana, California. The remaining trucks of the order will be deployed throughout 2022 and early 2023.
With the deployment of the 30 additional Volvo VNR Electrics, QCD is expanding its zero-tailpipe emission fleet to operate from a second distribution center in La Puente, California. QCD received funding for the 30 Volvo VNR Electrics through the Southern California Association of Governments' (SCAG) Last Mile Freight Program, established in partnership with MSRC.
To further bolster the environmental and economic benefits of the project, as well as increase resiliency, QCD has partnered with Scale Microgrid Solutions to build a first-of-its-kind clean energy microgrid to power its La Puente's battery-electric fleet and distribution center. InCharge Energy will supply and maintain fast charging stations utilizing onsite renewable energy generated by a microgrid developed by Scale Microgrid Solutions to support QCD's growing Volvo VNR Electric fleet.
QCD partners with Volvo Trucks' dealership Gateway Truck & Refrigeration to develop their evolving fleet and order the Volvo VNR Electrics as part of its national fleet procurement strategy. Located in the St. Louis area, Gateway is in the process of becoming a Volvo Trucks Certified Electric Vehicle (EV) Dealer so that its team can support customers throughout its Missouri and Illinois service territory with their electromobility goals.
To learn more about Volvo Trucks North America and the Volvo VNR Electric, visit the company website.
For further information, please contact:
Fredrik Klevenfeldt
Director Brand Marketing Communications, Volvo Trucks North America
fredrik.klevenfeldt@volvo.com
336.543.3386
High-resolution images associated with this press release and others are available at www.volvomediabank.com.
Volvo Trucks North America, headquartered in Greensboro, North Carolina, is one of the leading heavy-duty truck manufacturers in North America. Its Uptime Services commitment is delivered by a network of nearly 400 authorized dealers across North America and the 24/7 Volvo Trucks Uptime Center. Every Volvo truck is assembled in the Volvo Trucks New River Valley manufacturing facility in Dublin, Virginia, which meets the internationally recognized ISO 9001 standard for quality, 14001 standard for environmental care and holds a dual ISO 50001/Superior Energy Performance certification at the platinum level, indicating a sustained excellence in energy management. Volvo Trucks North America provides complete transport solutions for its customers, offering a full range of diesel, alternative-fuel and all-electric vehicles, and is part of the Volvo Trucks global organization.
Volvo Trucks supplies complete transport solutions for discerning professional customers with its full range of medium- and heavy-duty trucks. Customer support is provided via a global network of dealers with 2,200 service points in about 130 countries. Volvo trucks are assembled in 13 countries across the globe. In 2021 approximately 123,000 Volvo trucks were delivered worldwide. Volvo Trucks is part of the Volvo Group, one of the world's leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. The group also provides complete solutions for financing and service. Volvo Trucks' work is based on the core values of quality, safety and environmental care.
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SOURCE Volvo Trucks North America | https://www.whsv.com/prnewswire/2022/05/10/volvo-trucks-customer-qcd-orders-30-more-vnr-electric-trucks-southern-california-fleet/ | 2022-05-10T07:04:14Z |
Room audio solutions leverage standard IT infrastructure and assured compatibility to accelerate installations, optimize audio quality and enable consistent deployment across medium and large collaboration spaces
TORONTO and WEDEMARK, Germany, May 10, 2022 /PRNewswire/ - Xilica® and Sennheiser have strengthened their partnership through the launch of two new pre-validated, plug-and-play "room kits" for medium and large collaboration spaces. The room kits, designed with IT standards in mind, bring premium PoE-powered Xilica and Sennheiser audio conferencing solutions together in one compact in-ceiling system, with all components connected over CatX network cable. This speeds deployment for enterprise and education customers modernizing their meeting and learning spaces, as no copper cable or proprietary audio connections are required.
Xilica x Sennheiser Room Kits are purpose-built to solve the specific challenges of medium and large collaboration spaces. Both bundles include a Xilica PoE-powered DSP and a Sennheiser beamforming microphone array (TeamConnect Ceiling 2) to reduce noise and eliminate echo in challenging acoustical environments. The kits also add Xilica's innovative new CatX-connected in-ceiling speaker systems to optimize in-room audio and streamline architecture.
The Medium Room Kit includes a Xilica Solaro QR1-UC DSP, Sennheiser TeamConnect Ceiling 2 microphone, one PoE+-enabled Xilica Sonia Amp and two Sonia C5 in-ceiling speakers. The Large Room Kit includes all of the same technologies but with four Sonia C5 in-ceiling speakers and a Xilica XTouch 80 touchscreen for simple in-room control.
Xilica x Sennheiser Room Kits stand apart from traditional audio-conferencing solutions in several ways, including its centricity around CatX cable and existing installed network infrastructure. It is also one of the most easily-installed options, with no mains power requirement, full in-ceiling installation, and distributed ceiling speakers that address the requirements of collaboration room audio across a larger space without termination or proprietary wiring. The pre-validated solution reduces the costs of building an audio-conferencing solution from individual components, while also providing installers with a practical system that is quick to deploy.
"Extending our partnership with Sennheiser into room bundles is an ideal way to speed up design and deployment of cutting-edge collaboration spaces," said Shaun Robinson, VP Product Management, Xilica. "The Xilica x Sennheiser Room Kits are true ceiling-installed systems that require no in-room equipment racks or mains power and work over existing network infrastructure. Their scalable, consistent design enables easy deployment in hundreds of rooms across a campus with the same level of quality but without time-consuming programming and installation."
Utilizing the most advanced algorithmic processing from both vendors, Xilica HearClear acoustic echo cancellation and Sennheiser's TruVoicelift functionality work together to further lift voice intelligibility, reduce audio artifacts, and eliminate room and acoustic distractions that limit clear communication. Xilica Solaro QR1-UC DSPs include a 2x2 USB audio interface that offers volume and mute status sync for Microsoft Teams, and Zoom, adding value for hybrid applications, allowing remote workers and students to raise, reduce or mute from their computer keyboards.
"These Xilica and Sennheiser bundles make it quick and easy to audio-enable meeting rooms in one building or throughout an entire enterprise," explained Ira M. Weinstein, managing partner at analyst firm Recon Research. "And the inclusion of Xilica's Teams- and Zoom-friendly DSP means these kits have the processing power and intelligence to handle some of the more acoustically challenging spaces."
The Medium Room Kit and Large Room Kit are adaptable to a wide variety of spaces, including auditoriums, board rooms, conference rooms, lecture halls, and training spaces as well as standard classrooms. Larger enterprises and universities have the added benefit of configuring kits with Solaro QR1's advanced DSP functionality prior to deployment. This allows customers to easily standardize kit components to serve the specific needs of each space.
"Sennheiser has worked closely with Xilica to bundle these pre-validated products for today's enterprise and education needs," said Charlie Jones, Global Alliance and Partnerships Manager for Sennheiser. "No matter the size or shape of room, combining the flexibility of these two product ranges with commonly-available Category cable, easy setup, and assured compatibility allows everyone's voice to be heard in record time – from the front of the conference room to the back of the lecture theater."
The Xilica x Sennheiser Room Kits are available now from select distribution points worldwide.
We live and breathe audio. We are driven by the passion to create audio solutions that make a difference. Building the future of audio and bringing remarkable sound experiences to our customers – this is what the Sennheiser brand has represented for more than 75 years. While professional audio solutions such as microphones, meeting solutions, streaming technologies and monitoring systems are part of the business of Sennheiser electronic GmbH & Co. KG, the business with consumer devices such as headphones, soundbars and speech-enhanced hearables is operated by Sonova Holding AG under the license of Sennheiser.
www.sennheiser.com
www.sennheiser-hearing.com
Xilica® creates collaboration products that help unlock the power of human connection. Built on decades of reimagining how people use technology, Xilica's solutions bridge the distance between individuals, teams, ideas and organisations — unleashing the power of understanding to transform business and society for the better. Through our focus on the enterprise, education and government markets, Xilica and its partners touch the daily lives of people in more than 100 countries. To learn more about Xilica's solutions, visit www.xilica.com.
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SOURCE Xilica Corporation | https://www.whsv.com/prnewswire/2022/05/10/xilica-sennheiser-launch-hybrid-conferencing-kits-medium-large-rooms/ | 2022-05-10T07:04:20Z |
Mom of 4 dies after hit-and-run on Mother’s Day
NEW YORK (WCBS) - A mother of four who was pinned by a hit-and-run driver outside her home on Mother’s Day has died from her injuries.
Florence Ngwu’s family and friends are still trying to make sense of the Sunday tragedy. Her niece, Nnenna B., says the 49-year-old was a caring, loving mother of four who worked as a nurse.
“Her heart has stopped,” her niece said. “A very strong woman. She was just a fighter, so we thought maybe she could, you know, but…”
Surveillance video taken on Mother’s Day morning shows a truck hitting a car in New York City’s Queens neighborhood. Neighbors say the car belonged to Ngwu’s daughter, so she and her daughter approached the driver of the truck.
“I just wish that they stayed on the sidewalk and just called police instead of coming in the street and trying to be too vigilant,” neighbor Calvin Williams said.
The driver hit several more parked cars as he made a U-turn on the dead end street, causing one of the vehicles to drag. The video shows Ngwu getting pinned between two cars.
She was taken to the hospital, where she died from her injuries Monday morning.
Police continue to search for the driver of the truck, who fled the scene. They say the vehicle was found unattended not far away, with surveillance video showing what appears to be the driver walking away.
Ngwu’s family says it was inhumane and cowardly to leave the scene.
Police are also looking into why the truck was on the street and hit so many cars. Sources say it was reported stolen earlier that day.
Copyright 2022 WCBS via CNN Newsource. All rights reserved. | https://www.whsv.com/2022/05/10/mom-4-dies-after-hit-and-run-mothers-day/ | 2022-05-10T08:02:40Z |
As more employees return to the office, they're once again facing pre-pandemic challenges like traffic, interacting with co-workers, and extra costs.
To help deal with that stress, some businesses try to provide more than just a place of employment, but also one with a better work/life balance.
Coffman Engineers created their brand new office space for more than 70 employees in March of 2019. But it became a ghost town a year later when the pandemic hit.
"At that time we had 66 people working remotely," said Pacific Regional Manager John Thielst.
Remote workers would periodically return to the office, until the company came up with a hybrid schedule last year, of "two day a week from home and three days in the office," added Thielst.
Everyone comes in on Mondays, but employees can set their own schedule for the rest of the week.
"The next 4 days we have the option of working 2 of them from home. We get to choose which ones work for us. For me, I live on the west side of the island. It is really nice I have that option," stated Senior Project Manager Kimo Unten.
Not only have current employee responded positively to the hybrid schedule, so have prospective ones.
"It is a retention and recruiting tool. In interviews with potential employees that is some of the first questions they ask - what is our work from home policy?" said Thielst.
Working from home may be a more relaxed environment, but employees say it can sometimes lead to more time on a project, as the lines can get blurred over when your work day begins or ends.
The latest technology may also be able to keep employees in touch, it is not the same as sharing office space.
"The thing that I don't get is interaction with co-workers and teammates. When you are working on a project it is so much easier to pop my head over a desk and say, 'let's work on this together, let's brainstorm this through'," added Unten.
Workers are no longer in the office as much, and neither are clients.
That daily interaction hasn't returned to their Honolulu workplace, but pau hana parties and company events have.
"Our philosophy is: work hard play hard. So we like to have a good work life balance," added Thielst.
According to national experts, work/life balance is important, since a return to the office full-time for remote workers can raise stress levels.
A hybrid work schedule gives employees time for their job and for themselves.
"It takes an hour to get into work everyday, so I feel like I gain so much more time back in my day - that I can spend with my family or do things I really enjoy doing outside of work," added Unten. | https://www.kitv.com/news/local/some-see-hybrid-office-work-as-the-new-normal/article_11010778-d01e-11ec-aab8-afaf346b4972.html | 2022-05-10T08:13:14Z |
States are expected to receive a total of more than $100 billion in extra federal Medicaid funds to help them get through the Covid-19 pandemic, according to a Kaiser Family Foundation analysis released Tuesday. That's more than double what they are projected to spend on the growth in Medicaid enrollees.
The expanded funding stems from a coronavirus relief measure Congress approved in March 2020. It provides states with a 6.2 percentage point increase in their federal match rate for most enrollees. In return, states have not been allowed to drop residents involuntarily from Medicaid coverage during the public health emergency, which is currently set to expire in mid-July.
That protection has led enrollment to balloon -- with Kaiser projecting that it will hit 110.3 million by the end of fiscal year 2022 on September 30, an increase of 25% from fiscal year 2019, before the pandemic began.
States are expected to spend a total of $47.2 billion from fiscal year 2020 through fiscal year 2022 to cover the additional people enrolled in Medicaid because of the continuous coverage requirement, according to the Kaiser analysis. The enhanced federal match estimate is over the same time period.
About two-thirds of states say they are using the federal fiscal relief to help address Medicaid or general budget shortfalls and to mitigate cuts to benefits and to provider rates, according to a separate Kaiser report. The additional federal money allows states to spend more of their own funds on other needs, such as education, rather than their share of Medicaid costs.
Support for states
The enhanced Medicaid funding is one of several ways the federal government has poured money into state coffers during the pandemic. Lawmakers also provided a total of $500 billion in aid to state and local governments in two other relief packages, though their economies did not crater as initially feared.
In fact, many states are flush with funds -- thanks in large part to a wide array of federal pandemic support efforts and higher-than-anticipated tax revenues -- and are cutting taxes.
The augmented Medicaid match was designed to quickly provide broad fiscal relief for states, said Robin Rudowitz, director of Kaiser's Program on Medicaid and the Uninsured and co-author of the analysis. The federal government also temporarily increased the match rate as part of the American Recovery and Reinvestment Act of 2009 to help states contend with the economic fallout from the Great Recession.
Fewer enrollees after emergency ends
Kaiser projects that Medicaid enrollment will have grown by 22.2 million people between fiscal year 2019 and the end of fiscal year 2022.
But it is expected to plummet once the public health emergency ends and states are once again allowed to review eligibility for coverage -- which could start as soon as August 1 if the declaration is not renewed.
Between 5.3 million and 14.2 million people could be dropped during fiscal year 2023, with the largest losses occurring among low-income adults who qualify under Medicaid expansion, certain other adults and children, Kaiser estimates. The figure is "highly uncertain," it notes.
A separate Urban Institute analysis found that enrollment could decline by 14.4 million if the public health emergency expires after the second quarter of 2022.
Enrollees could lose coverage because they no longer meet income or other criteria or because of administrative barriers, such as failing to receive or properly fill out the renewal paperwork.
States will be largely responsible for reaching out to their residents to determine if they remain eligible and, if not, to help them shift to other policies, such as on the Affordable Care Act exchanges. They have 14 months to complete the eligibility checks.
"How states implement the unwinding of the continuous enrollment requirement will make a really big difference in how many people are able to retain coverage," Rudowitz said.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.kitv.com/news/national/states-receive-billions-in-extra-federal-medicaid-funds-to-cover-more-americans-during-the-pandemic/article_e5214295-44d3-53a3-a506-44c8a3c5cdf7.html | 2022-05-10T08:13:20Z |
Russia pounds Odesa as civilian bodies uncovered elsewhere
ZAPORIZHZHIA, Ukraine (AP) - Russia pounded away at Ukraine’s vital southern port of Odesa, Ukrainian officials said Tuesday, as they announced they found the bodies of 44 civilians in the rubble of a building in the northeast that was destroyed weeks ago.
Meanwhile, a Ukrainian official said that at least 100 civilians remain trapped at a steel mill in the besieged city of Mariupol, where Ukrainian fighters are making a last stand.
The 44 bodies were found in a five-story building that collapsed in March in Izyum, about 120 kilometers (75 miles) from the city of Kharkiv, which has been under sustained Russian attack since the beginning of the war in late February.
“This is another horrible war crime of the Russian occupiers against the civilian population!” said Oleh Synehubov, the head of the regional administration, in a social media message announcing the deaths.
Izyum lies on a key route to the eastern industrial region of the Donbas, now the focus of Russia’s war in Ukraine. Synehubov did not say specifically where the building was.
Earlier, the Ukrainian military said Russian forces fired seven missiles a day earlier from the air at the crucial Black Sea port of Odesa, hitting a shopping center and a warehouse. One person was killed and five were wounded, the military said.
Ukraine alleged at least some of the munitions used dated back to the Soviet era, making them unreliable in targeting. Ukrainian, British and American officials warn Russia is rapidly expending its stock of precision weapons and may not be able to quickly build more, raising the risk of more imprecise rockets being used as the conflict grinds on. That could result in wider damage and more civilian deaths.
But the Center for Defense Strategies, a Ukrainian think tank tracking the war, said Moscow did use some precision weapons against Odesa: Kinzhal, or “Dagger,” hypersonic air-to-surface missiles.
Using advanced guided missiles allows Russia to fire at a distance without being exposed to potential anti-aircraft fire.
The strikes came the same day Russian President Vladimir Putin marked his country’s biggest patriotic holiday without being able to boast of major new battlefield successes. On Monday, he watched troops march in formation and military hardware roll by in a Victory Day parade on Moscow’s Red Square to celebrate the Soviet Union’s role in the 1945 defeat of Nazi Germany.
Many Western analysts had expected Putin to use Victory Day holiday to trumpet some kind of victory in Ukraine or announce an escalation, but he did neither. Instead, he sought to justify the war again as a necessary response to what he portrayed as a hostile Ukraine.
Putin has long bristled at NATO’s creep eastward into former Soviet republics. Ukraine and its Western allies have denied the country posed any threat.
“The danger was rising by the day,” Putin said. “Russia has given a preemptive response to aggression. It was forced, timely, and the only correct decision.”
Intense fighting also raged in Ukraine’s east, including at a steel plant in Mariupol, where Russian forces sought to take the last pocket of Ukrainian resistance.
One of the Ukrainian fighters holding out at the steel plant said they were still defending the city. Valeri Paditel, who heads the border guards in the Donetsk region, said the fighters were “doing everything to make those who defend the city in the future proud.”
Hundreds of civilians holed up for weeks with the fighters have been evacuated in recent days. But Petro Andryushchenko, an advisor to the Mariupol mayor, said in a social media post Tuesday that “in addition to the military, at least 100 civilians remain” at the sprawling plant, which has miles of underground tunnels. At one point, Ukrainian and Russian authorities had said all civilians had left the plant.
Andryushchenko said that the Russian forces continue to pound the plant with heavy weaponry and “attempts to storm (the plant) from the land remain unsuccessful.”
The Ukrainian military warned Tuesday that Russia could target the country’s chemical industries. The claim wasn’t immediately explained in the report. But Russian shelling has previously targeted oil depots and other industrial sites during the war.
Also, satellite pictures analyzed by The Associated Press showed two ships off Ukraine’s Snake Island on Monday afternoon.
One of the ships seen in the images from Planet Labs PBC appeared to be a landing craft. Ukraine has repeatedly struck Russian positions there recently, suggesting Russian forces may be trying to re-staff or remove personnel from the Black Sea island.
After unexpectedly fierce resistance forced the Kremlin to abandon its effort to storm Kyiv in the early days of the war, Moscow’s forces have concentrated on capturing the Donbas.
But the fighting there has been a back-and-forth, village-by-village slog. Some analysts suggested Putin might declare the fighting a war, not just a “special military operation,” and order a nationwide mobilization, with a call-up of reserves, to fight an extended conflict.
In the end, he gave no signal as to where the war is headed or how he might intend to salvage it. Specifically, he left unanswered the question of whether or how Russia will marshal more forces for a continuing war.
“Without concrete steps to build a new force, Russia can’t fight a long war, and the clock starts ticking on the failure of their army in Ukraine,” tweeted Phillips P. O’Brien, professor of strategic studies at the University of St. Andrews in Scotland.
Nigel Gould Davies, former British ambassador to Belarus, said: “Russia has not won this war. It’s starting to lose it.”
He said that unless Russia has a major breakthrough, “the balance of advantages will shift steadily in favor of Ukraine, especially as Ukraine gets access to growing volumes of increasingly sophisticated Western military equipment.”
As Putin laid a wreath in Moscow, air raid sirens echoed again in the Ukrainian capital. But Ukrainian President Volodymyr Zelenskyy declared in his own Victory Day address that his country would eventually defeat the Russians.
“Very soon there will be two Victory Days in Ukraine,” he said in a video. He added: “We are fighting for freedom, for our children, and therefore we will win.”
A Zelenskyy adviser interpreted Putin’s speech as indicating that Russia has no interest in escalating the war through the use of nuclear weapons or direct engagement with NATO.
In Washington, President Joe Biden signed a bipartisan measure to reboot the World War II-era “lend-lease” program, which helped defeat Nazi Germany, to bolster Kyiv and Eastern European allies.
Russia has about 97 battalion tactical groups in Ukraine, largely in the east and the south, a slight increase over last week, according to a senior U.S. official, speaking on condition of anonymity to discuss the Pentagon’s assessment. Each unit has roughly 1,000 troops, according to the Pentagon.
The official said that overall, the Russian effort in the Donbas hasn’t achieved any significant progress in recent days and continues to face stiff resistance from Ukrainian forces.
Satellite photos showed intense fires in Russian-held territory in southern Ukraine on Monday. A cause for the fires wasn’t immediately clear. However, Planet Labs images showed thick smoke rising to the east of Vasylivka, a city which is flanked by nature preserves.
___
Gambrell reported from Lviv, Ukraine. Yesica Fisch in Bakhmut, David Keyton in Kyiv, Yuras Karmanau in Lviv, Mstyslav Chernov in Kharkiv, Lolita C. Baldor in Washington, and AP staff around the world contributed to this report.
___
Follow AP’s coverage of the war in Ukraine: https://apnews.com/hub/russia-ukraine
Copyright 2022 The Associated Press. All rights reserved. | https://www.whsv.com/2022/05/10/russia-pounds-odesa-civilian-bodies-uncovered-elsewhere/ | 2022-05-10T09:36:01Z |
WAIANAE-- Lawmakers visited the 'Waianae Coast Comprehensive Health Center' Monday to recognize the medical group's work during the Pandemic.
The medical group is the only community health center which services Makaha to Waipahu.
Though COVID fatality numbers for Native Hawaiians are not out of proportion to the population, Pacific islanders and Filipinos are over-represented among COVID deaths.
According to the Department of Health there have been 252 COVID deaths among Native Hawaiians which amounts to 19 per cent of the total deaths. The group makes up 21 per cent of the state's population.
But with 224 deaths, Pacific Islanders make up 17 per cent of the state's COVID deaths, though only 4 per cent of the population.
Filipinos make up 24 per cents of deaths, though only 16 per cent of the population.
Meanwhile, Native Hawaiians face other medical challenges. "Native Hawaiians tend to develop the burden of chronic disease 10 years earlier than like populations in our state. What that means is, you have someone that is already a set up for serious chronic disease 10 years earlier," Chief Medical Officer Stephen P. Bradley M.D. told KITV4.
Lieutenant Governor Josh Green also agreed more needs to be done to address medical disparities, telling attendees, "The average lifespan of an individual who is Hawaiian, is 10 years less than a Caucasian or Japanese member of our state. 10 years."
Locals at the Waianae mall told KITV they recognize deficient diet and exercise as playing a role for higher risk of diabetes and other chronic disease.
Do you have a story idea? Email news tips to news@kitv.com | https://www.kitv.com/news/waianae-coast-recognized-for-facing-unique-health-care-challenges/article_6b254e98-d03d-11ec-bb1b-2f7aba538a86.html | 2022-05-10T09:48:49Z |
'Everybody's excited': Downtown St. Clair abuzz with construction with parking lot work, new theater build
A big part of downtown St. Clair is all torn up.
Areas of the parking lot around Riverview Plaza are blocked off as a long-awaited reconstruction project gets underway. And at one corner, a large hole in the ground shows the early signs of the footprint of the $3 million theater slated to take shape later this year.
But past all the orange cones and construction, local residents and community leaders said they’re feeling optimistic.
Mayor Bill Cedar said there is a sense of anticipation for what it will all mean for the area.
“Everybody’s excited,” he said.
“I think people are generally accepting of it,” Cedar added when asked about the inconvenience that comes with construction, particularly on the parking lot. “They understand how bad it was and (are) anticipating how much better it’s going to be.”
The parking lot reconstruction is being financed by the Community Foundation of St. Clair County in an agreement with plaza mall owners finalized last year, and it’s expected to wrap up by mid-to-late June — in time for St. Clair’s busier part of the summer.
Randy Maiers, the foundation’s president and CEO, said work on the lot got underway earlier this year and is “full speed ahead right now.”
He said the area still looks a little rough, admitting that any project that large “looks worse before it gets better.” The work has been expected to cost between $600,000 and $800,000.
The Community Foundation is also a big financial supporter of the theater developed headed by the Riverbank Theatre organization.
“It’s quite a work area down there now,” Maiers said. “(Lot work) started about a month ago. DTE (Energy) came in and replaced all the lights with beautiful new, more energy-efficient lights. So, that was done. That was a huge help.
“Now, our contractors are relocating entrances, pouring new cement for entrances, doing some infrastructure work. They’re going to work north to south. They’ve already torn up all the islands on the north side, closed off the entrance on the north side. It’s a lot of work crews.”
Relief shared over plaza parking lot work
Resident Patricia Carr was walking through the plaza early Monday and is glad to see the parking lot being redone.
“I hope they do it right. Right now, it’s like four-wheel driving. When you come in, it’s like,” Carr said, rocking side to side with her arms out to simulate a bumpy ride. “It’s bad.”
Jeff and Cheri Nichols were also taking stroll through the area Monday, and they made a similar observation about the lot, adding the reconstruction was long overdue.
“Right now, it’s like four-wheel driving,” Cheri said.
Both said they’ve lived in other states like Alaska and Colorado and that, despite the cold weather and traffic, the pavement of places in those areas never seemed as bad as the plaza lot.
“This has been one of the worst parking lots since we were in high school, and everyone was complaining about the parking lot,” Jeff said.
Riverbank's new theater build on track to open in year, director says
Kathy Vertin, executive director of the Riverbank Theatre organization, said the new St. Clair project has been well underway with engineering, site preparation, and underground work for the last couple of months, though she admitted it may be more obvious to passers-by recently.
“For instance, the big gaping hole you see in the ground now. That’s forming the orchestra pit,” she said. “This venue will have a theatrical fly system, which requires lots of support. So, when I talk about foundation, the foundation is really critical — the critical component.”
More recently, Vertin said they’ve also been able to reconfigure the project in the details, such as capturing more parking spaces through re-engineering — all foundational work that helps the build take shape more quickly.
She expected the steel skeleton of the future 12,000-square-foot, 350-seat performing arts venue would additionally come up in the next 30 days and said the project was still on track to be complete in a year.
The Riverbank organization, which also operates the Riverbank Theatre and Snug Theatre in Marine City, is slated to formally name the structure in the coming weeks, taking suggestions from followers on social media.
Vertin said they plan to hold a formal ceremony to celebrate breaking ground on the project and announce the theater's name in roughly a month.
Vertin said they’re also still fundraising with $2.6 million garnered of the projected $3 million cost so far.
That includes a $1 million challenge grant awarded by the Franklin H. and Nancy S. Moore Foundation last year and $500,000 from the Community Foundation.
Citing the inflation affecting construction nationwide, Vertin said she may have to knock on a few doors for a little more than the $400,000 left. Overall, she said they’re excited to be moving ahead, calling the St. Clair site “the next logical step” for the Riverbank.
“When we started our little Snug Theatre, the vision was this big. The vision was to have an arts destination on the river, and the vision was all the way up and down the river,” she said.
Contact Jackie Smith at (810) 989-6270 or jssmith@gannett.com. Follow her on Twitter @Jackie20Smith. | https://www.thetimesherald.com/story/news/2022/05/09/downtown-st-clair-abuzz-parking-lot-work-new-theater-build/9677264002/ | 2022-05-10T10:59:00Z |
FDA may move up timeline for young children’s COVID-19 vaccine
Published: May. 10, 2022 at 6:49 AM EDT|Updated: 13 minutes ago
(CNN) - Children younger than 5 could soon be eligible for a COVID-19 vaccine.
The FDA said the authorization could come before the target of late June.
A spokesperson said the process has taken longer than some expected because it’s a “complex submission” compared to others, including a unique trial period when multiple variants were in circulation.
And because it’s for small children, he said they are under a strong microscope.
According to the Centers for Disease Control and Prevention, only about 35% of children 5 to 11 who are eligible have gotten vaccinated.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.whsv.com/2022/05/10/fda-may-move-up-timeline-young-childrens-covid-19-vaccine/ | 2022-05-10T11:03:21Z |
Toddler injured when father accidentally backs mower over him
HYRUM, Utah (KUTV) - A 2-year-old boy was seriously injured after police say his father accidentally backed over him with a lawnmower.
Lt. Brooks Davis with the Logan Police Department says a father lost track of his 2-year-old son while mowing the lawn at his house Friday. He ended up accidentally backing up over the boy.
“The father was fairly quick to react, especially in such a traumatic situation. He was able to render some medical aid,” Davis said.
Davis says medics were on scene within minutes of the family calling for help.
Video shows paramedics rushing a small child with obvious leg trauma out the back doors of an ambulance with an anxious adult trailing them.
Davis described the toddler’s injuries as “severe lacerations to lower extremities, both legs.” The boy was in stable condition and had not required an amputation.
Davis says that seeing and treating hurt children is one of the toughest calls police and emergency teams get.
“It is some of the hardest things that we have to deal with. When something like that happens, it’s hard,” he said.
Investigators have been looking into the incident, and so far, Davis says all the information is pointing to it having been a tragic accident.
Copyright 2022 KUTV via CNN Newsource. All rights reserved. | https://www.whsv.com/2022/05/10/toddler-injured-when-father-accidentally-backs-mower-over-him/ | 2022-05-10T11:03:28Z |
The impact an individual nurse can have makes all the difference, and during National Nurses Month, we’re celebrating the valuable contributions of over 1,300 Kaiser Permanente nurses in Hawaii who are on the front lines daily.
Annette Viernes has been an Oncology Nurse at Kaiser Permanente Hawaii during all 25 years of her career. She provides care to patients with cancer and blood disorders while helping them on the road to recovery through chemotherapy, immunotherapy, advice, and symptom management. When asked what makes her passionate about her job, she shared that it’s “the patients that we take care of...”
One of these patients includes Tommy Medina, who Annette met when he first started his cancer treatment. “...He’s just amazing. He came in for treatment...we had a brand-new patient who sat down next to him who was very nervous... and Tommy just made him feel so comfortable.” Annette recalled Tommy's advice to him, “Don’t worry, your nurses will take care of you here, they always have and they always will.”
Tommy shared his experience and expressed his gratitude for the staff at Kaiser Permanente Hawaii. “Having experienced Kaiser as a patient now, having cancer...I can really see how an integrated model helps make it so simple for me and so much things are alleviated...” Through the different nurses he has met, he describes them all as “very compassionate, very competent, but just very caring, genuinely.” One of these nurses being Annette. “She’s one of the head nurses there, I just look forward to each time I see her...we talk, we laugh, we talk about her hobbies, my hobbies, she’s become like a sister to me... it’s like I’m coming to see my family every 2 weeks.”
The care that Kaiser Permanente Hawaii provides alongside their devoted staff has helped change Tommy’s life. “Thank God for Kaiser, thank God for the oncology --it’s an awesome department, and it starts with the doctors, and the nurses, and the MA’s...all of them are just outstanding...I’m so blessed to be in care with them.”
To learn more about the care Kaiser Permanente Hawaii and their wonderful nurses provide, visit: kp.org
Interested in featuring your business or organization? Email IslandLife@kitv.com
As Miss Hawaii 2019 & 2020, Nikki was a representative for the Aloha State and was highly involved with the community as she promoted the importance of service. Nikki is the host of KITV's entertainment and culture platform, ISLAND LIFE. | https://www.kitv.com/island-life/business/recognizing-nursing-excellence-with-kaiser-permanente-hawaii/article_358545a0-cbfa-11ec-bd41-43ed888d10ea.html | 2022-05-10T11:24:24Z |
Dolly Parton to star in musical about the return of Taco Bell’s Mexican Pizza
(CNN) – Dolly Parton is still working, working, working.
The “9 to 5″ singer and cultural icon is teaming up with Taco Bell for a new musical about the fast-food chain’s Mexican Pizza.
The Los Angeles Times reports Parton is teaming up with rapper Doja Cat and several Tik Tok stars for the project.
Taco Bell’s Mexican Pizza was a fan favorite until the restaurant discontinued it in 2020.
It’s returning May 19 with a musical. “Mexican Pizza: The Musical,” is set to debut on Tik Tok May 26.
“Our menu is full of fan-favorites, but the Mexican Pizza is at the top of that list,” said Mark King, CEO of Taco Bell. “… Mexican Pizza has a long history with the brand, and I’m glad we could give fans what they crave and bring our classic Mexican Pizza back home where it belongs.”
The Mexican Pizza is made up of two flour shells, layered with beans, pizza sauce, seasoned beef, tomatoes and melted cheese.
Copyright 2022 via CNN Newsource. All rights reserved. | https://www.whsv.com/2022/05/10/dolly-parton-star-musical-about-return-taco-bells-mexican-pizza/ | 2022-05-10T12:37:23Z |
Synagogue burns in Florida; ATF investigating
TALLAHASSEE, Fla. (WCTV/Gray News) - Flames transformed a synagogue, Chabad FSU, into ashes Sunday morning, stunning the Tallahassee Jewish community and sparking an effort to move forward.
Investigators from both the State Fire Marshal’s office and the Federal Bureau of Alcohol, Tobacco, Firearms, and Explosives were on the scene Monday, combing through the rubble.
Rabbi Schneur Oirechman was out of town when the fire erupted. He received an urgent phone call from his son, who was still at the family’s property next to the Chabad House. He had heard what sounded like explosions. Now, their house of worship was burning to the ground.
“My first reaction was crying,” Rabbi Oirechman said.
Monday afternoon, workers were able to retrieve two sacred Torah scrolls from the church’s rubble. They were badly damaged by both water and smoke.
“Seeing the burnt Torah scrolls, that’s difficult,” he said.
Max James is a Florida State University student who says he rediscovered his faith at Chabad FSU.
“It’s a loss of a home, really,” he said. “I didn’t even process it, really. This was the last thing we could expect.”
Misha Leah Bertch is a family friend of Rabbi Oirechman. She realized his family isn’t used to needing help. More often, they offer solace to others in need.
“I expect him to take care of everyone else because that’s how they are. We’re trying to be here for them,” she said.
The cause of the fire remains under investigation.
An ATF spokesperson told WCTV the agency was asked to assist the investigation by the state. The State Fire Marshall’s Office had not yet returned a request for comment.
Meanwhile, the group is already forming plans to rebuild. A new fundraising campaign is underway. The rabbi said he plans to open a temporary structure in time for the fall semester.
Copyright 2022 WCTV via Gray Media Group, Inc. All rights reserved. | https://www.whsv.com/2022/05/10/synagogue-burns-florida-atf-investigating/ | 2022-05-10T12:37:30Z |
140K Attended April 1-3 NCAA Men’s Final Four Tournament Games in N.O.
NEW ORLEANS — New Orleans tourism boosters often cite the positive economic impact of major festivals and events in the city. Here, from the Greater New Orleans Sports Foundation, are some metrics that tell the story of the April 1-3 NCAA Men’s Final Four basketball tournament:
- 140,025 attended the Men’s Final Four on Saturday and Monday. 70,602 basketball fans came to the Caesars Superdome for the semifinal games on Saturday, April 2. 69,423 fans attended the National Championship game on Monday, April 4.
- 149,278 fans attended the tournament’s many ancillary events over the weekend
- 36.2 million viewers tuned into the games on CBS, TNT, TBS, and truTV. The UNC-Duke Final Four National Semifinal matchup, featuring the final game of Duke coach Mike Krzyzewski, averaged 18.5 million viewers. That makes it the second-most watched college basketball game in cable TV history.
- 36.8 million social media engagements were generated on March Madness men’s basketball social channels during the tournament, up 58% vs. 2021.
- More than 4,000 pounds of popcorn were consumed during the Men’s Final Four semifinal and championship games. Meanwhile, 3,000 Hurricanes were sold at Pat O’ Brien’s on Bourbon Street over the weekend. | https://www.bizneworleans.com/140k-attended-april-1-3-ncaa-mens-final-four-tournament-in-new-orleans/ | 2022-05-10T13:46:29Z |
Canal Place Welcomes New Luxury Retailer
NEW ORLEAN – O’Connor Capital Partners has announced that international luxury fashion retailer Golden Goose is opening a store before the end of the year at Canal Place. Golden Goose, an Italian-based luxury fashion line known for its sneakers, will join Saks Fifth Avenue, Louis Vuitton, Tory Burch, MCM, Tiffany & Co., lululemon athletica and Anne Fontaine.
Golden Goose was created by husband-and-wife designers Alessandro Gallo and Francesca Rinaldo in 2007 in Venice. Made from Italian leather, the intentionally worn-in kicks are popular with many celebs. A pair can cost more than $500.
“The addition of Golden Goose continues O’ Connor Capital Partners’ focus on offering the luxury retailers the market desires,” said Mark Gianquitti, Canal Place general manager in a press release. “We are confident that this commitment will yield additional retailers in 2022 and beyond.”
The store will carry footwear alongside men’s and women’s ready-to-wear, leather goods and accessories. Customers will be able to order custom sneakers. The store’s design will be inspired by the brand’s Venetian Headquarters and Italian heritage. Unique Venetian wrapping paper will cover the long walls, while the herringbone floor will be made of recovered Italian wood. | https://www.bizneworleans.com/canal-place-welcomes-new-luxury-retailer/ | 2022-05-10T13:46:36Z |
Corporate Realty’s Jonathan Fawer Honored by GlobeSt.com
NEW ORLEANS — Corporate Realty’s Jonathan Fawer has been recognized as one of GlobeSt.com’s retail influencers for 2022. This national source for commercial real estate industry news, intelligence and analysis annually honors retail leaders throughout the United States for their contributions to their sector. Fawer, a senior sales associate, has been a part of the Corporate Realty team for nearly three decades. He has represented Costco, Starbucks, Lowe’s and many others. He helped grow the company’s retail division. Click here to learn more. | https://www.bizneworleans.com/corporate-realtys-jonathan-fawer-honored-by-globest-com/ | 2022-05-10T13:46:42Z |
Court Hearing: Did Biden Legally Suspend Oil Lease Sales?
NEW ORLEANS (AP) — A federal appeals court in New Orleans hears arguments Tuesday about whether President Joe Biden legally suspended new oil and gas lease sales shortly after taking office because of climate change worries.
The case has not been tried but a federal judge blocked the order, saying only Congress could suspend the sales.
Federal lawyers say the government has broad power to hold, cancel or defer lease sales.
Biden’s order was “a straightforward articulation of the President’s views as to how Interior should use the ample discretion Congress has granted the agency,” Andrew M. Bernie and other attorneys wrote.
U.S. District Judge Terry Doughty in Monroe had no authority to review Biden’s order because the president is not an “agency” subject to the Administrative Procedure Act, they wrote.
Doughty found that states which challenged the order were likely to prove that the Interior Department violated that law by acting arbitrarily and without giving “any rational explanation.” He also found that since laws governing the lease sales don’t say the president can “pause” them, only Congress may do so.
Lawyers for Louisiana and a dozen other states say a 1987 law setting out how to sell oil and gas leases requires such sales at least four times a year in states with eligible land.
“But with the stroke of a pen just a week after he took his oath of office, President Biden put his campaign promises above federal law: By executive fiat, he halted oil and gas leasing on federal lands,” said the brief by attorneys led be Louisiana Solicitor General Elizabeth B. Murrill, the top constitutional lawyer in the Louisiana Attorney General’s Office.
Louisiana is joined in the suit by Alabama, Alaska, Arkansas, Georgia, Mississippi, Missouri, Montana, Nebraska, Oklahoma, Texas, Utah and West Virginia
After Doughty ruled for the states, the Interior Department held an offshore lease sale — which a federal judge in Washington canceled. Four onshore lease sales are scheduled next month — for land in Nevada on June 14; New Mexico, Oklahoma and Colorado on June 16; Wyoming on June 22 and Utah, Montana and North Dakota on June 28.
However, the administration scaled back the amount of land originally on offer and raised royalty rates 50 percent from 12.5% to 18.75%. That’s the amount charged for desirable deep water offshore leases, while those in less than 656 feet (200 meters) of water are charged the 12.5% minimum.
Biden has come under pressure to increase U.S. crude production as fuel prices spike because of the coronavirus pandemic and war in Ukraine. From within his own party, the Democrat faces calls to do more to curb emissions from fossil fuels that are driving climate change.
Oil companies have been reluctant to ramp up, saying there are not enough workers, scant money for new drilling investments and wariness that today’s high prices won’t last. | https://www.bizneworleans.com/court-hearing-did-biden-legally-suspend-oil-lease-sales/ | 2022-05-10T13:46:48Z |
Cox Communications Works with White House on Affordable Internet
ATLANTA and WASHINGTON, D.C. – From Cox Communications:
Cox executives joined White House officials on May 9 to announce a partnership to make high-speed internet more affordable and accessible to households across the nation.
Through the Affordable Connectivity Program, eligible households will have access to Cox’s 100 Mbps high-speed internet service at no cost.
“Our commitment to digital equity continues to be our guiding purpose in ensuring that families stay connected at an affordable cost,” said Mark Greatrex, president of Cox Communications. “By participating in ACP, we can reach more low-income households with high-speed reliable internet service.”
On March 16, 2022, Cox announced the company’s alignment to ACP and doubled the download speeds of the company’s low-cost internet products Connect2Compete and ConnectAssist to 100 mbps. With the alignment to the ACP $30 subsidy, more people can receive free internet access at higher speeds. Customers can visit cox.com/digitalequity to find out if they’re eligible and sign up for these programs.
Connecting Rural Communities
On February 17, 2022, Cox announced more than $400M over the next three years will be designated to expand its footprint to reach underserved and rural communities. These efforts will allow Cox to provide fast and reliable internet service to more than 100K new homes and businesses in communities near its existing footprint.
Cox has a long-standing commitment to narrowing the digital divide and has connected more than 1.4M people to the internet through Cox enabled Digital Equity programs.
For more information on Cox’s participation in the ACP and program eligibility, visit www.newsroom.cox.com/ACP. | https://www.bizneworleans.com/cox-communications-works-with-white-house-on-affordable-internet/ | 2022-05-10T13:46:54Z |
Entergy Expanding Contact Center Operations in North Louisiana
WEST MONROE, La. – From Entergy Louisiana:
Entergy selected West Monroe as the location to expand its contact center operations. The company is adding around 170 new jobs that will be comprised of customer care representatives and several supervisors and training specialists.
The expanded team of around 220, which should be in place by sometime this summer, will strengthen and support customer care across the company’s four-state service territory in Arkansas, Louisiana, Mississippi and Texas. More locally in the West Monroe area, the expansion will help drive economic development through job creation and additional spending.
“Entergy’s expansion of its West Monroe customer service center demonstrates a strong commitment to communicating effectively with its 1.1 million utility customers in Louisiana,” Gov. John Bel Edwards said. “With a presence in nine out of every 10 parishes in our state, Entergy plays a key role in supporting Louisiana’s emergency response and community recovery efforts after severe weather events. This announcement is good news for the state’s 2022 hurricane season preparations, and good news for the economy of Louisiana’s Northeast Region.”
“The City of West Monroe is thrilled to learn Entergy will be expanding its contact center operations in West Monroe,” said Staci Mitchell, West Monroe mayor. “We believe this significant addition of quality jobs will drive economic growth in our area. Entergy plays an important role in our community’s overall growth, economic development and quality of life. We thank them for investing in our community and helping to create a more vibrant local economy.”
The expansion is part of Entergy’s commitment to providing positive customer interactions and high levels of service, in part, by triaging cases so that customers are quickly placed with a representative that can best serve their needs.
While some employees at the contact center will focus on day-to-day interactions with customers, others will focus on complex cases including new construction requests, matters involving small businesses and agricultural accounts and even requests submitted through social media.
“At Entergy, our customers and communities are at the heart of everything we do, and that’s why we’re so proud to announce the expansion of our contact center in north Louisiana,” said Phillip May, Entergy Louisiana president and CEO. “Oftentimes, the first experience a customer has with our company is with a representative over the phone, and we want that experience and every experience after it to be seamless and positive.”
He added, “We’re always looking for ways to better serve our customers and provide job opportunities for people in our communities, and this expansion is just another way we’re working to improve customer service and the quality of life in the towns and cities we call home.” | https://www.bizneworleans.com/entergy-expanding-contact-center-operations-in-north-louisiana/ | 2022-05-10T13:47:00Z |
Episode 101: MAD About Nails, Morgan Dixon
Morgan Dixon is a nail artist, entrepreneur and social media star whose incredible creations have made her studio, MAD Nails, (named for her initials) THE top nail salon in the region and even grabbed the attention of Hollywood. On this week’s podcast, Dixon shares the details on her company and an exciting new expansion. | https://www.bizneworleans.com/episode-101-mad-about-nails-morgan-dixon/ | 2022-05-10T13:47:06Z |
GNO Inc. Launches 4th Cohort of Mechatronics Apprenticeship Program
NEW ORLEANS – From Greater New Orleans Inc.:
GNO Inc. has announced the open recruitment of the fourth cohort of its mechatronics apprenticeship training program. As part of the organization’s GNOu initiative, this program is an apprenticeship including Elmer Chocolate, Laitram, Zatarain’s, Delgado Community College, Northshore Technical Community College and Nunez Community College.
“The mechatronics apprenticeship program demonstrates that through public-private partnership, we can help our businesses grow, and our citizens find great careers,” said Michael Hecht, GNO Inc. president and CEO. “Now that we are in our fourth cohort, the mechatronics program is a model for apprenticeship that can be replicated in other industries across the region and state.”
The first graduates of the two-year program graduated in July 2021. Through the training process, enrolled participants receive a combination of on-the-job training at one of the employers, combined with classroom instruction and technical training from all three of the education partners. Applications for the fourth cohort are due by May 13.
“The mechatronics program has become an invaluable source for our company to train up technicians who understand and can troubleshoot our advanced manufacturing equipment,” said Allison Thomas, talent acquisition recruiting supervisor at Laitram. “We are very appreciative of their commitment to the program and are excited to watch them continue learning and developing with Intralox and Laitram.”
GNO Inc. created the GNOu program as a catalyst for companies to partner with post-secondary schools to create custom-designed training programs as means to recruit employees. New specialization requirements include mechatronics, an emerging, interdisciplinary branch of engineering that combines skills and knowledge in electrical and mechanical systems, electronics, robotics and control systems. Mechatronic workers are employed in many industrial environments, including energy, plastics, advanced manufacturing, and aerospace.
“Today’s high-tech manufacturing environment has opened up significant opportunities for people in Louisiana, especially our younger generations,” said Robert Nelson, CEO at Elmer Chocolate. “While some predicted new advanced technologies and automation would eliminate jobs, we have found the reverse – more jobs are being created. The challenge today is not finding a job, it is having the skill set required to be successful in that job. This partnership between business and higher education will provide the key to many people looking for an exciting and fulfilling career.”
Get more information at gnoinc.org/mechatronics. | https://www.bizneworleans.com/gno-inc-launches-4th-cohort-of-mechatronics-apprenticeship-program/ | 2022-05-10T13:47:13Z |
Louisiana Taps National Nonprofit for Electric Vehicle Charging Plan
SAN DIEGO (press release) — The Center for Sustainable Energy will assist Louisiana Clean Fuels in developing a comprehensive electric vehicle charging infrastructure plan for the state using CSE’s propriety software.
Louisiana expects to receive about $75 million from the federal Infrastructure Investment and Jobs Act over the next five years to deploy EV chargers along highway corridors and in rural areas. States have until Aug. 1 to submit a plan outlining how they would use the funds. Louisiana Clean Fuels is working on the plan.
CSE’s Caret software can forecast the need for EV charging in Louisiana, pinpoint and prioritize sites for public charging, and recommend the types and amounts of charging to install at each location.
CSE will develop a unique, mathematical weighting of charging priorities based on LCF outreach to stakeholders and data such as demographics, utility infrastructure and existing EV charging.
Caret then applies multi-criteria decision analysis to rank sites based on the priorities and data and creates a customized map of the optimal spots for EV charging.
“We are looking forward to working with the Center for Sustainable Energy to make the most of this unprecedented investment in our fueling infrastructure. Louisiana and our coalition can lead the nation by developing a smart, effective and forward-looking plan to decarbonize our transportation systems,” said Ann Vail, Louisiana Clean Fuels executive director and Clean Cities coordinator.
“We are excited to work with Louisiana Clean Fuels to prioritize the state’s EV charging needs and pinpoint just the right locations for chargers. With community engagement and data-driven planning, we can determine optimal sites near heavily traveled roadways and commercial areas while prioritizing EV charging access for residents of low-income communities and multi-unit housing,” said Zach Henkin, CSE director of EV program research.
More publicly available EV charging is needed to spur greater adoption of EVs to help reduce air pollution that harms human health and carbon emissions that contribute to climate change impacts such as rising sea levels and more frequent and intense extreme weather.
For more information: What states need to know about planning an EV charging network
The Center for Sustainable Energy is a national nonprofit that is transforming markets for clean transportation and distributed energy through software-enabled program design and administration. CSE has administered over $2 billion in cutting-edge programs for governments, utilities and the private sector across the U.S. CSE’s independence and data-driven approach have made it a trusted resource and partner for over 25 years.
Louisiana Clean Fuels is a nonprofit U.S. Department of Energy Clean Cities Coalition, supported by the Louisiana Department of Natural Resources and member organizations. The mission of Louisiana Clean Fuels, Inc. is to advance the nation’s environmental, economic, and energy security by supporting local actions to diversify transportation fuel options. | https://www.bizneworleans.com/louisiana-taps-national-nonprofit-for-electric-vehicle-charging-plan/ | 2022-05-10T13:47:19Z |
Louisiana’s State Revenue Forecast Is Revised Upward
BATON ROUGE (The Center Square) — The Louisiana Revenue Estimating Conference on Monday increased the state’s income projections for the current and next fiscal years, boosting figures for the state general fund by $350 million for FY 22 and $104 million for FY 23.
Legislative Fiscal Office economist Deborah Vivien told members of the Revenue Estimating Conference state finances are facing many of the same issues in May as when the REC last met in January, but new actions from the Federal Reserve and the Russian invasion of Ukraine has added to the “super-heated economy.”
In January, economists predicted about $1.66 billion in additional revenue for fiscal year 2022, with about $847 million of that for the state general fund. The forecast also boosted revenue projections for fiscal year 2023 by $963 million, with $771 million of that for the state general fund.
Vivien revised those figures higher on Monday, adding another $538 million in revenues for fiscal year 2022, and $267 million more for fiscal year 2023. The revision added $350 million to the state general fund for the current fiscal year and $139 million to the state general fund for fiscal year 2023, which begins June 1.
“I think it needs to be said, all of the things we’re talking about that’s heating up these numbers, are big question marks going forward,” she said. “We don’t know how they’re going to work out.”
“I’m not forecasting a recession, even though I’m sure you’ve heard recession talk out there. I’m forecasting the soft landing,” Vivien said.
Administrative economist Manfred Dix offered a similar soft landing forecast, though he projected a smaller increase of $104 million for the state general fund next year.
“The question is, is (the big revenue increase in the current fiscal year) the new baseline, or is it somewhat of an anomaly?” Dix said. “I think we are agreeing here that probably it was, at least let’s qualify it as a somewhat of an anomaly. It’s not the new baseline to project the revenues, you have to kind of taper it down because the revenues in FY 22 were too high.”
The REC — comprised of Senate President Page Cortez, R-Lafayette, House Speaker Clay Schexnayder, R-Gonzales, economist Stephen Barnes, and Commissioner of Administration Jay Dardenne — ultimate opted to adopt the more conservative forecasts for each year, taking the LFO projection for fiscal year 2022 and the Department of Administration’s prediction for fiscal year 2023.
“It’s almost insignificant between the two” forecasts, Cortez said. “I guess if you’re going to drill down, the fiscal office shows a greater individual personal income growth in 23, with not quite as much sales tax.”
The REC adopted forecast is more than enough to cover a proposal by Gov. John Bel Edwards to further increase $1,500 raises for teachers and $750 raises for school support staff to $2,000 for teachers and $1,000 for support staff, though it remains unclear whether lawmakers will act on the proposal.
The bigger raises would add an estimated $50 million to the $148 million recurring cost of the $1,500 and $750 raises. House Concurrent Resolution 23, which includes $4 billion in school funding and the smaller raises for next year, cleared the House Appropriations Committee on Monday morning and now moves to the full House for consideration. | https://www.bizneworleans.com/louisianas-state-revenue-forecast-is-revised-upward/ | 2022-05-10T13:47:25Z |
Alabama corrections officer dead, inmate in custody after prison escape
LAUDERDALE COUNTY, Ala. (WAFF/Gray News) - After more than a week on the run, former corrections officer Vicky White, 56, is dead and murder suspect Casey White, 38, is in custody, WAFF reports.
The pair were caught in Evansville, Indiana, on Monday.
Authorities say U.S. Marshals were chasing Vicky White and Casey White when the Cadillac they were in crashed. Vicky White allegedly shot herself and later died at the hospital. Casey White surrendered to authorities after the crash. He suffered minor injuries.
The U.S. Marshals Service said when Casey White came out of the car, he said, “Please help my wife. She just shot herself in the head, and I didn’t do it.”
Lauderdale County Sheriff Rick Singleton said they have got a “dangerous man off of the street.”
“Casey White will not see the light of day again,” Singleton said.
On April 29, the inmate and the former Assistant Director of Corrections were reported missing.
Vicky White and Casey White left the Lauderdale County Detention Center at 9:30 a.m. allegedly heading to the courthouse. Vicky White said she was taking Casey White to a mental health evaluation and then to seek medical care because she was not feeling well. Singleton later confirmed there was not a scheduled mental health evaluation.
Inmates told authorities that the two had a “special relationship” where Casey White received extra privileges, all from Vicky White. They first met in 2020 when Casey White was in Lauderdale County Jail. When he was moved to prison, they remained in contact. He returned to Lauderdale County Jail earlier this year.
Casey White was serving a 75-year prison sentence for attempted murder and other charges at the time of his escape. He was awaiting trial in the stabbing of a 58-year-old woman during a burglary in 2015. He could face the dealth penalty if convicted.
A warrant for Vicky White was issued May 2, charging her with permitting or facilitating escape in the first degree.
Authorities discovered Vicky White had bought a 2007 Ford Edge days before the pair ran off. She was also seen days before shopping for men’s clothing at Kohl’s and sold her house for below market value.
“This escape was obviously well planned and calculated. They had plenty of resources, cash, vehicles. They had everything they needed to pull this off,” Singleton said.
One week later, the 2007 Ford Edge was found in Bethesda, Tennessee, after it had apparently broken down.
A Ford F-150 was left abandoned at a car wash last week in Evansville, Indiana. The manager looked at the surveillance video and believed he saw Casey White. The U.S. Marshals were called in.
From there, the U.S. Marshals started narrowing their focus on Vicky White and Casey White being in Evansville, Indiana, where they were found on Monday.
Lauderdale County District Attorney Chris Connolly wants justice to be served.
“His capital murder case is set for June. Plan A would be to try him for June, but there are a lot of moving parts between then and now,” Connolly said.
Authorities say that Casey White will be extradited to Lauderdale County “very soon.”
Copyright 2022 WAFF via Gray Media Group, Inc. All rights reserved. | https://www.whsv.com/2022/05/10/alabama-corrections-officer-dead-inmate-custody-after-prison-escape/ | 2022-05-10T14:12:45Z |
Biden to address inflation in White House remarks
(Gray News) - President Joe Biden will deliver remarks on inflation Tuesday as the White House looks to further address one of the key economic concerns for voters heading into November’s midterm elections.
The remarks come as the Federal Reserve has called inflation one of the biggest issues facing the global economy.
Russia’s war in Ukraine and surging inflation have supplanted the coronavirus pandemic as the top global financial threats, the Fed said Monday.
The remarks were issued in the Fed’s semiannual Financial Stability Report, which highlights areas of concern to central bankers.
In an effort to cool inflation, the Fed last week raised its key interest rate by a half-percentage point, with more rate hikes likely to come.
In addition, gas prices have soared to new highs, according to Gas Buddy.
Despite soaring prices, consumers are still spending, so economists don’t expect a recession anytime soon.
Copyright 2022 Gray Media Group, Inc. All rights reserved. CNN Newsource and The Associated Press contributed to this report. | https://www.whsv.com/2022/05/10/biden-address-inflation-white-house-remarks/ | 2022-05-10T14:12:52Z |
Pain at the pump: Gas prices reach new record high
(Gray News) – The national average price of gas hit a new record high Tuesday of $4.36 per gallon, rising just above the previous record set in March, according to GasBuddy.
In just the last seven days, the national average price of fuel rose over 15 cents per gallon.
Experts said they believe costs could continue to climb through Memorial Day as summer road trip season begins and oil prices remain volatile.
“There’s little, if any, good news about fuel prices heading into summer, and the problem could become worse should we see an above-average hurricane season, which could knock out refinery capacity at a time we badly need it as refined product inventories continue to plummet,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
The national average for diesel hit another record of $5.54 a gallon Monday, which is up 22 cents in a week and 49 cents in a month, according to AAA.
Russia’s invasion of Ukraine in late February sent prices surging as investors braced for oil supply disruptions caused by the war and embargoes on Russian energy.
The Biden administration responded by unleashing a record amount of oil from U.S. emergency oil stockpiles, announcing March 31 that 1 million barrels a day would be released for six months.
The ongoing effort helped cool oil and gasoline prices off for a bit, but the relief was fleeting and relatively minor.
Copyright 2022 Gray Media Group, Inc. All rights reserved. CNN contributed to this report. | https://www.whsv.com/2022/05/10/pain-pump-gas-prices-reach-new-record-high/ | 2022-05-10T14:12:58Z |
Starbucks introduces new chocolate-flavored coffee
Published: May. 10, 2022 at 9:02 AM EDT|Updated: 1 hour ago
(CNN) - If you like chocolate, Starbucks has a new drink for you.
Starbucks added a new chocolate cold brew to its menu on Tuesday.
The drink is topped with a light chocolate-cream foam and is sweetened with vanilla syrup.
Cold beverages, like iced coffees and Frappuccinos, have been extremely successful for Starbucks.
Interim CEO Howard Schultz said in last week’s earnings call that they account for “almost 80% of the business.”
Starbucks said its new chocolatey drink is meant to convey a “nostalgic” feeling of summer but will be available all year long.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.whsv.com/2022/05/10/starbucks-introduces-new-chocolate-flavored-coffee/ | 2022-05-10T14:13:04Z |
Tesla recalls 130K vehicles; touch screens can go blank
DETROIT (AP) — Tesla is recalling about 130,000 vehicles across its U.S. model lineup because the touch screens can overheat and go blank.
The recall covers certain Model S sedan and Model X SUVs from 2021 and 2022, as well as Model 3 cars and Model Y SUVs from 2022.
Documents posted Tuesday by the National Highway Traffic Safety Administration say that during the fast-charging process, the central processing computers may not cool sufficiently. That can cause the computer to lag or restart, making the center screen run slowly or appear blank.
Without the center screen, the cars can lose rearview camera displays and settings that control windshield defrosters, increasing the risk of a crash.
Tesla is fixing the problem with online software updates that began on May 3.
Copyright 2022 The Associated Press. All rights reserved. | https://www.whsv.com/2022/05/10/tesla-recalls-130k-vehicles-touch-screens-can-go-blank/ | 2022-05-10T14:13:11Z |
Will legal challenges keep the Biden administration from ending Title 42?
The Biden administration proposed ending the order on May 23, but now is unsure.
WASHINGTON (Gray DC) - Two thousand miles from the U.S. and Mexico border, the fight over immigrant rights spills out onto the streets of Wisconsin.
“Before Title 42, the United States was respecting international and national human rights law in allowing people to come and to be able to process their asylum request,” said Christine Neumann-Ortiz, the executive director of Voces de la Frontera which translates to Voices of the Border.
Earlier this month, the non-profit organization held a two-day strike in Madison and Milwaukee to highlight the contributions of the Latinx and the Immigrant community.
Impacted voices who are waiting to see what the future of Title 42 is.
The public health order was invoked in March 2020 by former President Donald Trump.
On April 1, President Joe Biden announced his administration would end the order on May 23.
But during a news conference on April 28, Biden told reporters, “We had proposed to eliminate that policy by the end of May... The court has said we can’t so far, and what the court says, we’re going to do.”
A Louisiana federal judge blocked the conclusion of the order in late April.
Supporters of the legal setback include Rep. Glenn Grothman (R-Wis.). Grothman is leading a group of 53 Republicans calling on the Biden administration to keep Title 42 in place. By phone, Grothman told the Washington News Bureau, “I was glad that it’s blocked for now... If we get rid of Title 42, there will be a significant increase in the number of people coming here.”
Late last month, Homeland Security Secretary Alejandro Mayorkas testified in front of Congress on how the Biden administration plans to deal with the anticipated surge of border crossings.
Mayorkas said the plan includes more support for border operations which he said by May 23, will be equipped to hold nearly 18,000 non-citizens: up from the previous 13,000.
Copyright 2022 Gray DC. All rights reserved. | https://www.whsv.com/2022/05/10/will-legal-challenges-keep-biden-administration-ending-title-42/ | 2022-05-10T14:13:18Z |
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