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University of Wyoming wrestling coach Joe Dowler holds the trophy as he is hoisted on the shoulders of members of the Cowboys team after winning the Western Athletic Conference championship in 1985.
LARAMIE — The University of Wyoming was saddened to hear of the passing of UW athletics hall of famer Joe Dowler, who passed away last weekend.
“Joe Dowler was the type of person that motivated me to want to work in this industry,” UW director of athletics Tom Burman said in a news release. “In our society today, we have so many “I” people, but Joe Dowler was always a “we” guy. He cared about the greater good and he cared about everyone in the department. He was a giant in the coaching world when you evaluate how many lives he touched. I will forever be grateful for the wisdom and friendship Joe provided.”
Dowler was the head coach of Cowboys wrestling for 14 seasons from 1973-87. In 2005, Dowler was inducted into the University of Wyoming Intercollegiate Athletics Hall of Fame — the highest honor bestowed by UW athletics.
He concluded his career with 104 dual wins, four Mountain Intercollegiate Wrestling Association team titles and three Western Athletic Conference team titles. Dowler coached 35 individual conference champions and two All-Americans during his time with the Cowboys.
Dowler was a pivotal figure in the sport by introducing the High School Wrestling Cultural Exchange Program and helping initiate the Junior World Wrestling Program. He also coached the first United States Junior World Championships team that toured central Europe in 1967.
Dowler was an associate athletics director at UW from 1987-2001. Following his retirement, he initiated and coordinated the “W” Club for all UW athletic letterwinners.
“He fought years, in various capacities, to keep this program strong, and I was fortunate to have him very involved in my hiring process,” UW wrestling head coach Mark Branch said. “Coach hardly missed a practice here until his health worsened and I always enjoyed our daily visits.
“He not only mentored and coached hundreds, if not thousands of young men, he worked tirelessly to build alumni relations and raise money to build the programs resources and facilities. He will be missed in the wrestling world and in the Wyoming family.”
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https://www.wyomingnews.com/wyosports/university_of_wyoming/other_sports/uw-hall-of-famer-joe-dowler-passes-away/article_85fdb5e3-d9a8-5f9e-9fb9-b17da7bb02a6.html
| 2022-04-21T11:34:46Z
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2 months after Brittney Griner’s arrest in Russia, mystery surrounds her case
WASHINGTON (AP) — For another person in another country at another time, the case might have been a minor matter: an American citizen detained at an airport for allegedly possessing a cannabis derivative legal in much of the world.
But the circumstances for Brittney Griner couldn’t have been worse.
Griner, a WNBA All-Star and two-time Olympic gold medalist, was arrested in Russia, where the offense can mean years in prison, and at a moment when tensions with the U.S. were rising to their highest point in decades. She is a prominent gay, Black woman facing trial in a country where authorities have been hostile to the LGBTQ community, and the country’s nationalist zeal has raised concerns about how she will be treated.
“There are many countries around the world where you do not want to get in trouble, and Russia is one of them,” said Clarence Lusane, a Howard University political science professor who specializes in criminal justice and drug policy.
As extraordinary as her circumstances are, the details surrounding Griner’s case remain a mystery as a crucial court date approaches next month. Russian prosecutors have offered little clarity and the U.S. government has made only measured statements. Griner’s legal team has declined to speak out about the case as it works behind the scenes.
Griner is easily the most prominent American citizen known to be jailed by a foreign government, but in many ways her case isn’t unusual. Americans are frequently arrested overseas on drug and other charges and U.S. authorities are limited about what they can say or the help they can offer. The State Department generally can’t do much to help beyond consular visits and helping the American get an attorney. It also can’t say much unless the person arrested waives privacy rights, which Griner hasn’t fully done.
In some cases, U.S. officials do speak out loudly when they’re convinced an American has been wrongly detained. But Griner’s case is barely two months old and officials have yet to make that determination. A State Department office that works to free American hostages and unjust detainees is not known to be involved.
The Phoenix Mercury star was detained at a Moscow airport in mid-February after Russian authorities said a search of her luggage revealed vape cartridges that allegedly contained oil derived from cannabis — accusations that could carry up to 10 years in prison, though some experts predict she’d get much less if convicted. She was returning to the country after the Russian League, in which she also plays, was taking a break for the FIBA World Cup qualifying tournament.
U.S. officials have said they are tracking the case but have not spoken extensively about it, in part because Griner has not signed a full Privacy Act Waiver. The statements so far have been careful and restrained, focused on ensuring she has access to U.S. consular affairs officials — she had a meeting last month — rather than explicitly demanding her immediate release.
There’s little the U.S. government can do diplomatically to end a criminal prosecution in another country, particularly in the early days of a case. Any deal that would require concessions by the U.S. would seem a nonstarter, especially with Russia at war with Ukraine and the U.S. coordinating actions involving Russia with Western allies.
“It’s a trial lawyer’s nightmare since you have to conduct a trial when the larger political environment is negative,” said William Butler, a Russian law expert and professor at Penn State Dickinson Law.
The State Department has been “doing everything we can to support Brittney Griner to support her family, and to work with them to do everything we can, to see that she is treated appropriately and to seek her release,” spokesman Ned Price said last month. Last week, he said the U.S. was in frequent contact with her legal team and “broader network.”
That’s a more restrained posture than the Biden administration has taken with two other Americans jailed in Russia — Paul Whelan, a corporate security executive from Michigan sentenced to 16 years in prison on espionage-related charges his family says are bogus, and Trevor Reed, a Marine veteran sentenced to nine years on charges that he assaulted a police officer in Moscow as he was being driven to a police station after a night of heavy drinking.
The State Department has pressed Russia for their release. In contrast to Griner’s case, it has described both as unjustly detained.
Race and gender issues are front and center in the Griner case.
Lusane, the Howard University professor, said under Putin “there’s been a hyper nationalism in Russia, so basically anyone who’s not considered Slavic is considered an outsider and a potential threat.”
He added, “She fits into that category.”
On the other hand, he said, there could also be an opening for Putin to build “an inroad into the African American community” by ordering her released as a humanitarian gesture.
Some Griner supporters, including Democratic Rep. Cori Bush of Missouri, have maintained that her case would be getting more attention if she weren’t a Black woman.
The president of the WNBA players’ association, Nneka Ogwumike, said in a “Good Morning America” interview that Griner was in Russia because WNBA players don’t earn enough in the U.S.
“She’s over there because of a gender issue, pay inequity,” Ogwumike said.
Many of Griner’s fellow WNBA players have remained circumspect for fear of antagonizing the situation, though her coach and some of her teammates have made clear in interviews that the 6-foot-9 center is on their minds.
“I spent 10 years there, so I know the way things work,” Phoenix guard Diana Taurasi said of Russia. “It’s delicate.”
Griner recently had her detention extended to May 19. More information about her case may emerge then. But regardless of the factual allegations against her in court, it’s impossible to divorce the legal case from the broader political implications.
“Russians are great chess players,” said Peter Maggs, a research professor and expert in Russian law at the University of Illinois College of Law. “The more pawns you have, the greater your chance of eventual victory. And since things are not going their way, obviously, in Ukraine, any pawns they have they want to hold on to.”
___
AP Diplomatic Writer Matthew Lee contributed to this report.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.wvva.com/2022/04/21/2-months-after-brittney-griners-arrest-russia-mystery-surrounds-her-case/
| 2022-04-21T12:08:27Z
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After-school ‘Satan club’ voted down by school board
YORK COUNTY, Pa. (WHP) - A proposed “Satan club” at a Pennsylvania school was voted down Tuesday.
A school board in York voted eight to one against approving the after-school program designed for children as young as 5.
The Satanic Temple’s co-founder said it doesn’t support worshiping Satan or any religion but, rather, teaches rational and scientific ways of thinking.
Some parents reportedly asked for the program in response to the board green-lighting a Bible study group during school hours.
Hundreds of people showed up to protest.
Members from the Satanic Temple said the debate is far from over and said they’re considering legal action.
The Satanic Temple’s co-founder says the school board does not have the authority to decide which religious organizations can hold after-school clubs.
Copyright 2022 WHP via CNN Newsource. All rights reserved.
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https://www.wvva.com/2022/04/21/after-school-satan-club-voted-down-by-school-board/
| 2022-04-21T12:08:34Z
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Biden set to announce new military assistance for Ukraine
WASHINGTON (AP) — President Joe Biden is set to announce plans to send additional military aid to help Ukraine fight back against the Russian invasion, according to a U.S. official.
The official, who was not authorized to comment publicly and spoke on the condition of anonymity, said Biden will deliver a Thursday morning address at the White House detailing his plans to build on the roughly $2.6 billion in military assistance the administration has already approved for Ukraine.
The new package is expected to be similar in size to the $800 million package Biden announced last week. It includes much needed heavy artillery and ammunition for Ukrainian forces in the escalating battle for the Donbas region of eastern Ukraine.
Earlier this week, Canadian Prime Minister Justin Trudeau also said his country will send heavy artillery to Ukraine. And Dutch Prime Minister Mark Rutte told Ukrainian President Volodymyr Zelenskyy that the Netherlands will send more heavy weapons, including armored vehicles.
A senior U.S. defense official on Wednesday said training of Ukrainian personnel on American 155mm howitzers has begun in a European country outside Ukraine.
Biden on Wednesday lauded U.S. military officials for “exceptional” work arming Ukraine as he gathered the nation’s military brass for their first in-person group meeting at the White House of his presidency.
It’s an annual tradition that had been put on hold because of the coronavirus pandemic but is now being resurrected as the U.S. arms Ukraine to help it fight back against Russia’s invasion.
“I don’t know about you, but I’ve been to Ukraine a number of times before the war ... and I knew they were tough and proud but I tell you what: They’re tougher and more proud than I thought,” Biden told military commanders. “I’m amazed at what they’re doing with your help.”
Biden brought together the Pentagon’s top civilian and uniformed officials amid the most serious fighting in Europe since World War II. Russia’s nearly two-month-old invasion of Ukraine was at the center of wide-ranging talks with Defense Secretary Lloyd Austin, Deputy Defense Secretary Kathleen Hicks, the Joint Chiefs of Staff, and combatant commanders.
Biden also used the gathering to reflect on his administration’s efforts to diversify Pentagon leadership. Hicks is the first Senate-confirmed woman to hold her role. Biden also chose Gen. Jacqueline Van Ovost of the Air Force as commander of United States Transportation Command and Lt. Gen. Laura Richardson of the Army as commander of United States Southern Command. They are just the second and third women to lead combatant commands.
“It’s an important milestone,” Biden said. “I think that speaks to how we’re harnessing the strength and diversity of our country.”
Following the meeting, Biden and first lady Jill Biden hosted the military leaders and their spouses for dinner in the White House Blue Room.
Such a gathering was last held in October 2019. Donald Trump was president at the time and was facing a House inquiry that would lead to his first impeachment, which centered on allegations that he withheld military assistance from Ukraine as part of an effort to pressure Zelenskyy to dig up dirt on Biden’s adult son’s business dealings in Ukraine.
___
AP National Security Writer Robert Burns contributed to this report.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.wvva.com/2022/04/21/biden-set-announce-new-military-assistance-ukraine/
| 2022-04-21T12:08:41Z
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Seasonable with showers today; warmer and drier conditions ahead
Highs will reach the 70s and 80s this weekend
We are breezy this morning as a frontal system approaches our area. We will stay breezy throughout the day and there is the chance that we could see some showers at times as well. A washout is not expected, but rather some off-and-on showers at times. We will stay mainly cloudy with seasonable temperatures in the 60s and low 70s.
Drier conditions are expected overnight with mainly cloudy skies and temperatures only getting down into the upper 40s and 50s.
Clouds will decrease throughout the day tomorrow. Mainly sunny skies are expected during the afternoon hours and that will allow us to heat up into the 70 and possibly the 80s for our lower elevations.
We will be feeling more like summer over the weekend with highs in the upper 70s and 80s and mainly sunny skies. Temperatures will cool down behind a cold front next week, but it won’t be nearly as bad as our last drop in temperatures last weekend. Make sure to stay tuned and catch the latest on WVVA.
Copyright 2022 WVVA. All rights reserved.
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https://www.wvva.com/2022/04/21/seasonable-with-showers-today-warmer-drier-conditions-ahead/
| 2022-04-21T12:08:50Z
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A healthy lifestyle can improve your overall wellbeing and no matter your experience level, Island Club & Spa provides the resources to help you reach your fitness goals.
“A lot of health clubs have machines, they have trainers, they have classes...we have all of that. But what really makes Island Club & Spa unique is our members, our team, the people that I would say are here...because we are in the people business.” Regional partner and general manager, Geri Lara-Berger, hopes to inspire and motivate the community to get healthy. She shared, “We are really more a lifestyle club more than anything...It’s not just about working out, it's about encompassing everything in a person’s life.”
A healthy lifestyle is all about balance, and balance for each individual can be different. “When we meet a person, we actually take a look at what they do for work, what’s their stress level” and “incorporate nutrition, fitness, cardio, mindfulness." The trainers use this information to then create a personalized plan for the individual. The focus is to build lifetime habits that can change your overall health.
When members get started at Island Club & Spa, they are set up with a trainer and two starter training sessions. Geri explained that during the first session, “they get a full evaluation” which is then integrated into a program “that not just involves the training and workout aspect of it, but also the nutrition and cardiovascular health.”
In addition to their wide variety of weights and cardio options, they have machines that can increase blood circulation and can measure your body composition. These resources are to help “make the member’s experience the best possible.”
To experience Island Club & Spa for yourself, mention “Island Life” for a Free 1-Week Guest Pass, or visit islandclubandspa.com for more information.
1177 Queen St. Honolulu, HI 96814
2490 Kalakaua Ave 3rd floor, Honolulu, HI 96815
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.
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https://www.kitv.com/island-life/business/invest-in-your-health-and-wellness-at-island-club-spa/article_5d9d570a-bf64-11ec-bb5a-9b48aa09887c.html
| 2022-04-21T12:34:59Z
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HONOLULU-- Tensions flared as "Unmask Our Keiki" protesters took to the Department of Education.
"All we want is our calls answered, our emails answered, and an appointment with Keith Hayashi," activist Jessica Pria called out in the DOE hallway, namechecking the interim superintendent.
With this week's ruling overturning the federal mask mandate on air travel, Hawaii's School kids now face the last indoor mask mandate, effecting students K-12.
"I welcome people to wear masks," one anonymous Oahu school teacher told KITV, "And I welcome more than anything that choice to wear a mask. Anthony Faucci a week ago said, it's time for America to make their own choice."
It's a choice activists say the DOE is denying parents in Hawaii.
"They covered the window! They locked every single door. They do not want us talking to anyone. Why is that?" Jessica Pria asked, questioning if the Superintendent has the authority to mandate indoor masking in schools through Friday, May 27th.
"Principals actually do have the final say whether kids are mask-less or not. I am upset that we are the only state in the entire country that is still masking our children," she added.
KITV4 reached out to the Department of Education over the past few weeks as state mandates were being lifted.
A DOE spokesperson argues the Superintendent does have the authority, telling KITV:
"It is enshrined in state law: 'The superintendent shall be designated as the chief executive officer of the public school system having jurisdiction over the internal organization, operation, and management of the public school system.' "
Yet, parents against continued mandates say while 49 other states have allowed choice, Hawaii hasn't shown why they should have none.
"And it's the run around. Oh he says this. Or we have to follow them. I say why are we instilling fear and paranoia in children over something no human being on the planet can control," Oahu father Peter Anglim told KITV.
Do you have a story idea? Email news tips to news@kitv.com
Jeremy Lee joined KITV after over a decade & a half in broadcast news from coast to coast on the mainland. Jeremy most recently traveled the country documenting protests & civil unrest.
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https://www.kitv.com/news/activists-march-on-doe-over-mandated-masking-of-children/article_ab044f2e-c14b-11ec-a61f-37dc19b3ae7a.html
| 2022-04-21T12:35:00Z
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https://www.kitv.com/news/local/nine-displaced-after-roof-blows-off-kihei-home/article_c6b17e42-c149-11ec-9f48-f772ba41ffb6.html
| 2022-04-21T12:35:01Z
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After-school ‘Satan club’ voted down by school board
YORK COUNTY, Pa. (WHP) - A proposed “Satan club” at a Pennsylvania school was voted down Tuesday.
A school board in York voted eight to one against approving the after-school program designed for children as young as 5.
The Satanic Temple’s co-founder said it doesn’t support worshiping Satan or any religion but, rather, teaches rational and scientific ways of thinking.
Some parents reportedly asked for the program in response to the board green-lighting a Bible study group during school hours.
Hundreds of people showed up to protest.
Members from the Satanic Temple said the debate is far from over and said they’re considering legal action.
The Satanic Temple’s co-founder says the school board does not have the authority to decide which religious organizations can hold after-school clubs.
Copyright 2022 WHP via CNN Newsource. All rights reserved.
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https://www.whsv.com/2022/04/21/after-school-satan-club-voted-down-by-school-board/
| 2022-04-21T12:35:13Z
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GE recalls refrigerators due to fall hazard
Published: Apr. 21, 2022 at 8:13 AM EDT|Updated: 20 minutes ago
(CNN) - General Electric is recalling some of its refrigerators because of a fall risk.
The company said it has received 71 reports of freezer drawer handles detaching.
It has caused at least 37 people to get hurt, three of which had serious fall injuries.
The recall includes six models sold between February 2020 to January 2022. They all have French doors with a bottom freezer.
Those who believe their refrigerator is impacted by the recall can check using the model number and SIN number on GE’s recall website.
Those with impacted appliances should contact GE for repair.
Copyright 2022 CNN Newsource. All rights reserved.
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https://www.whsv.com/2022/04/21/ge-recalls-refrigerators-due-fall-hazard/
| 2022-04-21T12:35:17Z
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TORONTO and NEW YORK, April 21, 2022 /PRNewswire/ - AcuityAds Holdings Inc. (TSX: AT) (Nasdaq: ATY) ("AcuityAds" or "Company"), a digital advertising technology leader that provides targeted media solutions enabling advertisers to connect intelligently with audiences across digital advertising channels, announced today that the Company intends to make a normal course issuer bid ("NCIB") to purchase up to 5,350,000 common shares of the Company, and that its Board of Directors (the "Board") has adopted an advance notice by-law.
The Company reviews all elements of its capital allocation strategy on an ongoing basis. Management and the Board believe that the market price of the common shares may not, from time to time, fully reflect their value and accordingly, the purchase of the common shares would be in the best interests of the Company and its shareholders and represents an attractive and appropriate use of available funds.
"While M&A remains a key focus for management, the strength of our balance sheet with over $100 million in cash, generating approximately $20 million in annual cash flow from operations, and our growth outlook creates an opportunity to surface additional value for our shareholders while continuing to execute against the Company's long-term strategic plan", said Tal Hayek, Co-Founder and Chief Executive Officer of AcuityAds.
The NCIB has been approved by the Board; however it is subject to acceptance by the Toronto Stock Exchange (the "TSX"), and if accepted, will be made in accordance with the applicable rules and policies of the TSX and Canadian securities laws. Under the NCIB, the Company would be permitted to purchase for cancellation, through the facilities of the TSX and/or alternative Canadian trading systems, up to 10% of the Company's public float (calculated in accordance with TSX rules), or 5,350,000 common shares, during the 12 months following such TSX acceptance. The exact number of common shares subject to the NCIB will be determined on the date of acceptance of the notice of intention by the TSX.
All common shares purchased by the Company under the NCIB will be purchased at prevailing market prices in accordance with the rules and policies of the TSX and applicable securities laws. The actual number of common shares that may be purchased, and the timing of any such purchases, will be determined by the Company, subject to the applicable terms and limitations of the NCIB. All common shares acquired by the Company under the NCIB will be cancelled.
Subject to acceptance by the TSX of the NCIB, the Company intends to commence the NCIB two trading days after the Company's release of its financial results for the three months ended March 31, 2022, which are scheduled to be released after the close of markets on May 11, 2022. The NCIB will terminate one year after its commencement, or earlier if the maximum number of common shares under the NCIB have been purchased. Although the Company has a present intention to acquire its common shares pursuant to the NCIB, the Company will not be obligated to make any purchases and purchases may be suspended by the Company at any time. The Company reserves the right to terminate the NCIB earlier if it feels it is appropriate to do so.
In connection with the NCIB and subject to TSX approval, the Company intends to enter into an automatic share purchase plan with its designated broker, TD Securities Inc., to allow for purchases of its common shares during certain pre-determined black-out periods when the Company ordinarily would not be active in the market due to its own internal trading blackout periods, insider trading rules or otherwise. Outside of these pre-determined black-out periods, shares will be repurchased in accordance with management's discretion, subject to applicable law.
The Company also announced its Board has adopted an advance notice by-law (the "Advance Notice By-law") that requires advance notice be given to the Company when director nominations are made by shareholders other than on behalf of the Board by way of a notice of meeting or through a shareholder proposal made in accordance with the provisions of the Canada Business Corporations Act.
The Advance Notice By-law provides a clear process for shareholders to follow to make director nominations, and will help ensure that all shareholders receive adequate notice and information about director nominees so that they may exercise their voting rights in an informed manner. The Advance Notice By-law is similar to the advance notice by-laws adopted by many other Canadian public companies.
Among other things, the Advance Notice By-law fixes deadlines by which shareholders must notify the Company of director nominations prior to any annual or special meeting of shareholders where directors are to be elected. It also sets forth the information about the proposed nominees that a shareholder must include in the notice for it to be valid and provides that the Board may, in its sole discretion, waive any requirement under these provisions.
In the case of an annual shareholder meeting, notice to the Company must be given not less than 30 days prior to the date of the annual meeting. In the event that the annual meeting is to be held on a date that is less than 50 days after the first public announcement of the meeting date, notice may be given not later than the close of business on the 10th day following such announcement. In the case of a special meeting of shareholders (which is not also an annual meeting), notice to the Company must be given not later than the close of business on the 15th day following the first public announcement of the date of the special meeting.
The Advance By-law is effective immediately and will be placed before shareholders for approval, confirmation and ratification at the Company's 2022 annual meeting of shareholders (the "Meeting") scheduled to be held on June 15, 2022. According to the provisions of the Canada Business Corporations Act, the Advance By-law will cease to be effective unless it is approved, confirmed, and ratified by a resolution adopted by a majority of the shareholder votes cast, in person or by proxy, at the Meeting.
The full text of the By-law is available under the Company's SEDAR profile at www.sedar.com.
AcuityAds is a leading technology company that provides marketers a one-stop solution for omnichannel digital advertising with best-of-category return on advertising spend. Its journey automation technology, illumin™, offers planning, buying and real-time intelligence from one platform. With proprietary Artificial Intelligence, illumin™ brings unique programmatic capabilities to close the gap between advertising planning and execution. The Company brings an integrated ecosystem of privacy-protected data, inventory, brand safety and fraud prevention partners, offering trusted solutions with proven, above-benchmark outcomes for the most demanding marketers.
AcuityAds is headquartered in Toronto with offices throughout Canada, the U.S., Europe and Latin America. For more information, visit AcuityAds.com.
Certain statements included herein constitute "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Investors are cautioned not to put undue reliance on forward-looking statements. Except as required by law, AcuityAds does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events.
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SOURCE AcuityAds Holdings Inc.
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https://www.whsv.com/prnewswire/2022/04/21/acuityads-announces-intention-commence-normal-course-issuer-bid-well-adoption-advance-notice-by-law/
| 2022-04-21T12:35:17Z
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LOWELL, Mass., April 21, 2022 /PRNewswire/ -- ePropelled, the Massachusetts-based technology company that delivers leading-edge electric propulsion systems, today announced that Aerotor, an Israeli startup company specializing in the design of Quadcopter Unmanned Aerial Vehicles (UAVs), has selected ePropelled's starter generators and intelligent power systems for its Apus 15 multi-rotor Quadcopter UAV.
The Aerotor Apus 15 system includes internal combustion engine (ICE) or fully hybrid (electric motor and ICE) models, and is designed for high flight speeds, long endurance and heavy payload lift. It can be utilized in both military and commercial applications, and initial versions are being developed for the Israel Defense Force (IDF), which will begin testing the UAVs later in 2022.
ePropelled's SG750 starter generator and iPS750 intelligent power system will help the Apus 15 reach up to ten hours of flight with less reliance on battery performance. In addition, the UAV can start a combustion engine remotely, which provides flexibility to switch between ICE and electric modes while in flight, maximizing efficiency and speed as needed for a given application.
"This is the first time a multi-rotor quadcopter aircraft has had a hybrid assembly, which allows switching between an internal combustion engine and an electric motor during flight – similar to the hot-swap that a hybrid car can do on the road," said Raz Geva, co-founder and CEO of Aerotor, "Our vision is to provide the next "light-duty truck" solutions as the game changer of the autonomous multirotors market."
Aerator develops a multirotor for a payload of 10-260 kg with a flight time of three to 16 hours.
ePropelled will be featuring its full line of starter generators and intelligent power systems at the AUVSI Xponential show (booth# 1901) on April 26-28 in Orlando, Florida.
"Electric starter generators and intelligent power systems will play an important role in enhancing UAV performance and making them better suited for everyday use," said Kenny Grewal, head of UAV at ePropelled. "These innovations can make UAVs a reality for a wide range of in-air applications, both commercial and military, to provide alternatives when land- or water-based transport is not a viable option."
About ePropelled
ePropelled designs intelligent motors, motor controllers, and power management systems that help reduce energy consumption and dramatically improve system efficiency at a lower cost. Our patented technology and innovative smart systems are equally at home in the air, on the road, and in water, leading the way towards a greener future.
ePropelled has offices in the United States, Europe, and India and collaborates with manufacturers of all types and sizes around the world. For more information, please visit epropelled.com.
Contact:
Kim Schofield, Corporate Marcom Manager
+1-603-234-4000
kim@ePropelled.com
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| 2022-04-21T12:35:18Z
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SINGAPORE, April 21, 2022 /PRNewswire/ -- Klaytn Foundation, a dominant metaverse blockchain ecosystem backed by internet giant Kakao Corp, has announced the onboarding of Alameda Research as a strategic partner and investor into the Klaytn blockchain ecosystem.
Recently introduced as one of the newest members of the Klaytn Governance Council, Alameda Research is a leading quantitative crypto trading firm and venture investor, and the brainchild of Sam Bankman-Fried — co-founder of crypto derivatives exchange, FTX, and one of the youngest billionaires in the world.
"Having seen the immense potential of the Klaytn ecosystem, we're excited to be a part of the journey on Klaytn's roadmap for the metaverse. We look forward to contributing to its future developments and success," shared Brian Lee, Partner of Alameda Research Ventures.
The extension of the partnership will mean greater involvement by Alameda Research to support the growth and development of the Klaytn ecosystem. This includes further investments into early-stage projects built on Klaytn, as well as connections to its global network of top-level funds and exchanges.
David Shin, Head of Global Adoption at Klaytn Foundation, warmly welcomes the addition of Alameda Research as a strategic investor, saying, "The partnership opens up a new world of opportunities for projects in the Klaytn ecosystem, to bring influential partners and critical resources that can propel projects to the next level and bring us one step closer towards our vision of becoming the leading metaverse blockchain for all."
About Alameda Research
Alameda Research was founded in October 2017. We manage over $1 billion in digital assets and trade $1-10 billion per day across thousands of products: all major coins and altcoins, as well as their derivatives. We have a full-scale global operation with the ability to trade on all major exchanges and markets.
About Klaytn Foundation
Klaytn Foundation is a non-profit organization that was established to accelerate global adoption and ecosystem maturity on Klaytn. The foundation manages the US$500m Klaytn Growth Fund and operates alongside Krust, the holding company for all overseas ventures of internet giant Kakao Corp.
Media Contact
Head of Marketing, Klaytn Foundation
Email: aaron.koh@klaytn.foundation
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| 2022-04-21T12:35:24Z
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SEATTLE, April 21, 2022 /PRNewswire/ -- Alaska Airlines has named Emily Halverson vice president of finance and controller for Alaska Airlines and Alaska Air Group. As Alaska's vice president of finance and controller, Halverson will set the strategy for and oversee financial reporting, payroll, investor relations and accounting operations.
Halverson joined Alaska Airlines in 2016 as director of financial reporting and accounting. She became the director of investor relations in 2019 and was promoted to managing director of accounting, investor relations and assistant controller in 2020. Halverson helped lead the company through financial integration following the acquisition of Virgin America and played a key role in communicating the company's recovery progress and strategic priorities to stakeholders over the past two years. Before joining Alaska, Halverson worked for Deloitte.
"I've had the opportunity to work closely with Emily for over two years, and I couldn't be more excited to have her in this role," said Shane Tackett, chief financial officer and executive vice president for Alaska Airlines. "Emily is extremely capable and leads her teams expertly to deliver results and champion the airline with investors."
Halverson is a certified public accountant and earned her MBA degree through the Executive Master of Business Administration program at the Foster School of Business at the University of Washington. She has a bachelor's degree in accounting and French from Western Washington University. A lifelong Washingtonian, she and her family reside in Seattle.
About Alaska Air Group
Alaska Airlines and our regional partners serve more than 120 destinations across the United States, Belize, Canada, Costa Rica and Mexico. We emphasize Next-Level Care for our guests, along with providing low fares, award-winning customer service and sustainability efforts. Alaska is a member of the oneworld global alliance. With the alliance and our additional airline partners, guests can travel to more than 1,000 destinations on more than 20 airlines while earning and redeeming miles on flights to locations around the world. Learn more about Alaska at news.alaskair.com. Alaska Airlines and Horizon Air are subsidiaries of Alaska Air Group (NYSE: ALK).
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| 2022-04-21T12:35:33Z
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WASHINGTON, April 21, 2022 /PRNewswire/ -- The springtime sniffles are here, and it can be tricky to determine whether common symptoms are due to COVID-19 or seasonal allergies. The American College of Emergency Physicians (ACEP) offers tips to distinguish between the two and determine when symptoms become an emergency.
"It can be confusing to figure out whether your symptoms are allergies or something worse," said Gillian Schmitz, MD, FACEP, president of ACEP. "Some symptoms of COVID and allergies overlap, but there are a few clear signs that indicate a COVID infection."
A quick quiz can help you determine whether you have COVID-19 or seasonal allergies:
Do you have a fever? Seasonal allergies do not typically include a fever. It is possible to get COVID without a fever. But, when the body temperature is unusually high, it's often a sign of illness rather than allergy.
Do you typically have allergies? It's understandable to be concerned about COVID, but if the season reliably brings familiar symptoms like an itchy or runny nose, sneezing, or watery eyes, it's likely allergies flaring up again. COVID symptoms can overlap but often include additional signs of concern. The duration of symptoms is important, too. COVID symptoms last about a week but could have longer-term effects, while allergies tend to stick around for months.
Are your symptoms more than coughing or sneezing? Some of the most common COVID symptoms are consistent with allergies or a cold and can include a sore throat or runny nose. A likely sign of COVID is the addition of one or more symptoms, including body aches, fatigue, nausea, stomach problems or diarrhea, or loss of taste or smell.
People with COVID may feel short of breath or have difficulty breathing, but seasonal allergies don't usually cause breathing issues unless there's an underlying respiratory condition, such as asthma, according to the Centers for Disease Control and Prevention (CDC).
Are you taking avoidable risks? Even without symptoms, it is helpful to continue to wear a mask, social distance, and get vaccinated to decrease the chances of getting sick and slow the spread of COVID.
Stay home if you are sick, whether it is with COVID or another illness and contact a primary care physician when symptoms are mild to discuss treatment options. It is time to visit the closest emergency department or call 911 for any medical emergency, such as trouble breathing or shortness of breath, when illness become severe, or there is a high risk of illness or complications due to age or preexisting conditions.
To stay safe, visit a testing site or take an at-home COVID test when symptoms start. Free at-home tests are available to order from the government on COVID.gov or they can be purchased at retailers or pharmacies.
"We should all continue to take every precaution to prevent the spread of COVID," said Dr. Schmitz. "The best way to clear up doubt is to get tested for COVID when worrisome symptoms appear."
The American College of Emergency Physicians (ACEP) is the national medical society representing emergency medicine. Through continuing education, research, public education, and advocacy, ACEP advances emergency care on behalf of its 40,000 emergency physician members, and the more than 150 million people they treat on an annual basis. For more information, visit www.acep.org and www.emergencyphysicians.org.
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| 2022-04-21T12:35:39Z
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ATLANTA, April 21, 2022 /PRNewswire/ -- Artivion, Inc. (NYSE: AORT), a leading cardiac and vascular surgery company focused on aortic disease, announced today that first quarter 2022 financial results will be released on Thursday, May 5, 2022 after the market closes. On that day, the Company will hold a teleconference call and live webcast at 4:30 p.m. ET to discuss the results, followed by a question and answer session hosted by Pat Mackin, Chairman, President and Chief Executive Officer of Artivion.
To listen to the live teleconference, please dial 201-689-8261 a few minutes prior to 4:30 p.m. ET. The teleconference replay will be available approximately one hour following the completion of the event and can be accessed by calling (toll free) 877-660-6853 or 201-612-7415. The conference number for the replay is 13728477.
The live webcast and replay can be accessed on the Investors section of the Artivion website at www.artivion.com and by selecting Webcasts & Presentations. In addition, a copy of the earnings press release, which will contain financial and statistical information for the completed quarter and full year, can be accessed in the Investors section of the Artivion website.
About Artivion, Inc.
Headquartered in suburban Atlanta, Georgia, Artivion, Inc. is a medical device company focused on developing simple, elegant solutions that address cardiac and vascular surgeons' most difficult challenges in treating patients with aortic diseases. Artivion's four major groups of products include: aortic stents and stent grafts, surgical sealants, On-X mechanical heart valves, and implantable cardiac and vascular human tissues. Artivion markets and sells products in more than 100 countries worldwide. For additional information about Artivion, visit our website, www.artivion.com.
Artivion
D. Ashley Lee
Executive Vice President &
Chief Financial Officer
Phone: 770-419-3355
Gilmartin Group LLC
Brian Johnston / Lynn Lewis
Phone: 332-895-3222
investors@artivion.com
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| 2022-04-21T12:35:49Z
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NEW YORK, April 21, 2022 /PRNewswire/ -- Atlantic Coastal Acquisition Corp. (NASDAQ: ACAH) (the "Company"), a special purpose acquisition corporation focused on the future of mobility, announced that it had previously received written notification (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") on April 19, 2022 that, because the Company had not yet filed its Annual Report on Form 10-K for the year ended December 31, 2021 (the "10-K") with the Securities and Exchange Commission ("SEC"), the Company was not in compliance with Nasdaq's continued listing requirements under Nasdaq Listing Rule 5250(c)(1). The Notice has no immediate effect on the listing of the Company's securities on Nasdaq. The Notice states that the Company has sixty days from the date of the Notice, or until June 20, 2022, to submit a plan to regain compliance but that no plan would be needed if the Company submitted its 10-K before the plan's due date. On April 20, 2022, the Company filed the 10-K and notified Nasdaq of the filing.
About Atlantic Coastal Acquisition Corp.
Atlantic Coastal Acquisition Corp. (NASDAQ: ACAH) is a $345 million special purpose acquisition company focused on the future of mobility. On March 8, 2021, Atlantic Coastal announced the closing of its IPO and listing on Nasdaq. The Atlantic Coastal team is led by Chairman and CEO Shahraab Ahmad, President and Director Burt Jordan, and CSO Director Tony Eisenberg. For more information, please visit www.atlanticcoastalacquisition.com.
Forward-Looking Statements
This press release may contain statements that constitute "forward-looking statements." Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's 10-K filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
CONTACT: hello@atlanticcoastal.io
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| 2022-04-21T12:35:55Z
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New Industry-First Product SoundStack Engine Enables Reliability at Scale & Maximizes Revenue Potential for Audio Publishers
PITTSBURGH, April 21, 2022 /PRNewswire/ -- SoundStack, an innovative audio-as-a-service (AaaS) company, launches today to deliver and simplify audio creation, monetization and distribution at scale to better serve creators, publishers and advertisers. SoundStack was created through the combination of companies Media Creek, EmpireStreaming, Live365, Abovecast and Audio Catapult which have serviced 12,000+ global publishers and represent the highest quality in audio delivery. In addition, SoundStack today announces its flagship product, SoundStack Engine, a solution that seamlessly integrates and automates streaming, podcasting, and monetization for audio in one platform.
"We're obsessed with making digital audio intuitive for our customers and have decades of experience to connect the dots that others may not see. As a perfectly independent platform-agnostic technology company, we have the responsibility to innovate and accelerate audio for all of our partners, regardless of size, and to support the audio industry as a whole. SoundStack was built in response to fragmented proprietary solutions created over the last few years by major audio companies. It's time to give audio publishers and platforms a service that can work across boundaries, letting publishers truly optimize their technical and operational setup and maximize their ad revenue," said SoundStack's CEO and founder, Jon Stephenson.
SoundStack Engine is the audio industry's first platform that fully automates and supports streaming, podcasting, and monetization with an intuitive UI or developer-friendly RESTful API that enables platforms and publishers with the ability to create live streams, podcast delivery, and more within minutes across a global network built to scale. In addition, SoundStack Engine adds the benefit of enabling reporting, analytics, measurement and a speed to market that leads to measurable ROI. This added focus on monetization gives publishers the necessary tools and information to propel their business model and profit. In 2021 alone, SoundStack paid publishers 50% more compared to 2020.
"Our partnership with SoundStack has been incredibly valuable in helping us with automatic ad insertion for our podcasts. The platform has increased revenue opportunities for us and provides a better and seamless listening experience to our digital audience across the Northwest," said Sage Van Wing, executive editor, Talk & Podcasts, Oregon Public Broadcasting.
As part of the creation of SoundStack, Rockie Thomas, a publisher-side digital audio expert who launched AdsWizz in the US, remains as CRO, and Mike Reznick, a programmatic audio pioneer and former EVP at Triton Digital, continues as COO.
SoundStack will exhibit next week at NAB Show. Stop by to meet the team for a demo of SoundStack Engine at booth #8527 in the West Hall of the Las Vegas Convention Center.
To book a SoundStack Engine demo or talk with our audio experts, submit your information here.
About SoundStack
Based in Pittsburgh, PA, SoundStack is an innovative audio as a service (AaaS) company that accelerates audio innovation for creators and advertisers. SoundStack was created through the combination of Media Creek, EmpireStreaming, Abovecast, AudioCatapult and Live365, which will continue to operate as a separate brand. SoundStack has supported and added value to a community of 12,000+ global publishers since 2010 and is a passionate team of 60+ audio professionals with the experience and knowledge to simplify, demystify and deliver audio at scale, in whichever "verse" audio is listened to, today and in the future. For more information, visit here.
Media Contact:
press@soundstack.com
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https://www.whsv.com/prnewswire/2022/04/21/audio-brands-unite-launch-soundstack-new-audio-service-company-aaas-simplify-audio/
| 2022-04-21T12:36:02Z
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Published: Apr. 21, 2022 at 7:30 AM EDT|Updated: 1 hour ago
- First quarter 2022 GAAP EPS was $5.78, an increase of 103% compared to first quarter 2021 GAAP EPS of $2.85, and an increase of 107% compared to first quarter 2021 adjusted EPS of $2.79
- First quarter 2022 revenue was $6.8 billion, an increase of 14%, driven by an increase in Used vehicle revenue of 47%, each as compared to the same period a year ago
- First quarter 2022 operating income increased 54% as compared to the same period a year ago
- First quarter 2022 After-Sales gross profit was $461 million, an increase of 19% compared to the same period a year ago
- During the first quarter of 2022, AutoNation repurchased 3.5 million shares of common stock for an aggregate purchase price of $381 million
FORT LAUDERDALE, Fla., April 21, 2022 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN), America's largest and most admired automotive retailer, today reported record first quarter EPS. First quarter 2022 revenue was $6.8 billion, an increase of 14% driven by used vehicle revenue which increased 47%, more than offsetting the decline in new vehicle revenue of 6%, and robust After-Sales performance with revenue up 18%, each as compared to the same period a year ago.
Operational Summary
First quarter 2022 Operational Summary:
Revenue – Revenue was $6.8 billion, an increase of 14% compared to the year-ago period.
Gross Profit - Gross profit totaled $1.3 billion, an increase of 27% compared to the year-ago period.
SG&A as a Percentage of Gross Profit – SG&A as a percentage of gross profit was 56.6%, an improvement of 610 basis points compared to the year-ago period.
"Our Associates delivered record results with outstanding performances across our business sectors. Used vehicle revenue increased 47% and our used vehicle retail unit sales increased 11% compared to the prior year. Our After-Sales team delivered a tremendous quarter with an increase in After-Sales gross profit of 19%. Consumer demand for personal vehicle ownership remains strong and our self-sustaining used vehicle business continues to meet this demand through our sourcing capabilities, selection of vehicles, footprint, digital tools, and core efficiencies," said Mike Manley, AutoNation Chief Executive Officer.
Used Vehicle Growth Strategy
AutoNation's first quarter 2022 used vehicle retail unit sales increased 11%, compared to the prior year period, driven by superior used vehicle sourcing, a broad selection of inventory, a proven operating model, demonstrated digital scale, and an admired brand. AutoNation will continue to expand its used vehicle retail business, leveraging its existing capabilities and AutoNation USA growth plan, coupled with rich data and analytics. These core elements will accelerate growth and further differentiate the Company in the used vehicle market.
As previously announced, the Company entered two new markets in the quarter, with AutoNation USA Charlotte in North Carolina and AutoNation USACharleston in South Carolina. Each AutoNation USA store has exceeded expectations and is profitable. The Company plans to open 12 additional new stores over the next 12 months. AutoNation's target is to have over 130 AutoNation USA stores in operation from coast-to-coast by the end of 2026. These stores will continue to leverage the AutoNation brand, scale, and proven Customer-centric processes to capture a larger share of the used vehicle market.
Share Repurchase
During the first quarter of 2022, AutoNation repurchased 3.5 million shares of common stock for an aggregate purchase price of $381 million. Year-to-date through April 19, 2022, AutoNation repurchased 4.8 million shares of common stock, or 8% of the shares outstanding at the beginning of the year, for an aggregate purchase price of $518 million. AutoNation has approximately $376 million remaining Board authorization for share repurchase as of April 19, 2022. As of April 19, 2022, AutoNation had approximately 58 million shares outstanding.
Liquidity and Leverage
As of March 31, 2022, AutoNation had $2.4 billion of liquidity, including $608 million in cash and approximately $1.8 billion of availability under our revolving credit facility. The Company's covenant leverage ratio was 1.5x at quarter-end, or 1.3x net of cash, and used floorplan availability. AutoNation had approximately $3.5 billion of non-vehicle debt outstanding as of March 31, 2022.
Segment Results
Segment results(1) for the first quarter 2022 were as follows:
First Quarter 2022 Segment Results
Domestic - Domestic segment income(2) was $149 million compared to year-ago segment income of $119 million, an increase of 26%.
Import - Import segment income(2) was $186 million compared to year-ago segment income of $126 million, an increase of 48%.
Premium Luxury - Premium Luxury segment income(2) was $230 million compared to year-ago segment income of $159 million, an increase of 45%.
The first quarter conference call may be accessed by telephone 844-200-6205 (Conference ID: 813404) at 10:00 a.m. Eastern Time today or on AutoNation's investor relations website at investors.autonation.com.
The webcast will also be available on AutoNation's website under "Events & Presentations" following the call. A playback of the conference call will be available after 1:00 p.m. Eastern Time on April 21, 2022, through May 12, 2022, by calling 866-813-9403 (Conference ID: 687579). Additional information regarding AutoNation's results can be found in the Investor Presentation available at: investors.autonation.com.
About AutoNation, Inc.
AutoNation, a provider of personalized transportation services, is driven by innovation and transformation. As one of America's most admired companies, AutoNation delivers a peerless Customer experience recognized by data-driven consumer insight leaders, Reputation and J.D. Power. Through its bold leadership and brand affinity, the AutoNation Brand is synonymous with "DRVPNK" and "What Drives You, Drives Us." AutoNation has a singular focus on personalized transportation services that are easy, transparent, and Customer-centric.
Please visit www.autonation.com, investors.autonation.com, and www.twitter.com/AutoNation, where AutoNation discloses additional information about the Company, its business, and its results of operations. Please also visit www.autonationdrive.com, AutoNation's automotive blog, for information regarding the AutoNation community, the automotive industry, and current automotive news and trends.
NON-GAAP FINANCIAL MEASURES
This news release and the attached financial tables contain certain non-GAAP financial measures as defined under SEC rules, which exclude certain items disclosed in the attached financial tables. As required by SEC rules, the Company provides reconciliations of these measures to the most directly comparable GAAP measures. The Company believes that these non-GAAP financial measures improve the transparency of the Company's disclosure, provide a meaningful presentation of the Company's results excluding the impact of items not related to the Company's ongoing core business operations, and improve the period-to-period comparability of the Company's results from its core business operations. Non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated and presented in accordance with GAAP.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Words such as "anticipates," "expects," "intends," "goals," "targets," "projects," "plans," "believes," "continues," "may," "will," "could," and variations of such words and similar expressions are intended to identify such forward-looking statements. Statements regarding our strategic initiatives, partnerships, or investments, including the planned expansion of our AutoNation USA pre-owned vehicle stores and our investments in digital and online capabilities, statements regarding our expectations for the future performance of our business and the automotive retail industry, and other statements that describe our objectives, goals, or plans, are forward-looking statements. Our forward-looking statements reflect our current expectations concerning future results and events, and they involve known and unknown risks, uncertainties, and other factors that are difficult to predict and may cause our actual results, performance, or achievements to be materially different from any future results, performance, and achievements expressed or implied by these statements. These risks, uncertainties, and other factors include, among others: our ability to implement successfully our strategic initiatives, partnerships, and investments, including the planned expansion of our AutoNation USA stores; our ability to identify, acquire, and build out suitable locations in a timely manner; our ability to develop successfully our digital and online capabilities; our ability to maintain and enhance our retail brands and reputation and to attract consumers to our own digital channels; our ability to acquire and integrate successfully new franchises; restrictions imposed by vehicle manufacturers and our ability to obtain manufacturer approval for acquisitions; economic conditions, including changes in unemployment, interest, and/or inflation rates, consumer demand, fuel prices, and tariffs; supply chain disruptions and inventory availability; new and used vehicle margins; our ability to attain planned sales volumes within our expected time frames; our ability to successfully implement and maintain expense controls; the success and financial viability and the incentive and marketing programs of vehicle manufacturers and distributors with which we hold franchises; the response by federal, state, and local governments and other parties to, and the economic impacts of, the COVID-19 pandemic; natural disasters and other adverse weather events; the resolution of legal and administrative proceedings; regulatory factors affecting our business, including fuel economy requirements; the announcement of safety recalls; factors affecting our goodwill and other intangible asset impairment testing; and other factors described in our news releases and filings made under the securities laws, including, among others, our Annual Reports on Form 10-K, our Quarterly Reports on Form 10-Q and our Current Reports on Form 8-K. Forward-looking statements contained in this news release speak only as of the date of this news release, and we undertake no obligation to update these forward-looking statements to reflect subsequent events or circumstances.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc.
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https://www.whsv.com/prnewswire/2022/04/21/autonation-reports-record-first-quarter-results/
| 2022-04-21T12:36:08Z
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AWH Launches Adult-Use Sales at Rochelle Park Dispensary
Published: Apr. 21, 2022 at 7:30 AM EDT|Updated: 1 hour ago
Ascend Rochelle Park is now selling to both adult-use and medical consumers
NEW YORK, April 21, 2022/PRNewswire/ - Ascend Wellness Holdings, Inc. ("AWH" or the "Company") (CSE: AAWH.U) (OTCQX: AAWH), a multi-state, vertically integrated cannabis operator focused on bettering lives through cannabis, today announced the commencement of recreational cannabis sales at their Ascend dispensary in Rochelle Park, New Jersey, located at 174 NJ-17 N.
This announcement follows AWH's recent approval by the New Jersey Cannabis Regulatory Commission ("CRC") as one of seven Class 5 Retailer Licenses now permitted to sell recreational cannabis to consumers in New Jersey. To ensure adequate access for both medical and recreational visitors, consumers over 21 can now access a separate adult-use menu featuring a wide selection of products, including flower, edibles, vapes and more.
To provide a streamlined retail experience, Ascend Rochelle Park will require adult-use customers to reserve a 20-minute shopping appointment at letsascend.com ahead of visits. To preserve the same excellent service level our medical patients have become accustomed to, Ascend will now provide medical patients with a host of dedicated services, including the dispensary's medical express lane, direct access to the front entrance, private consultation rooms, and designated parking spots.
"Ascend Rochelle Park has served thousands of New Jersey medical patients since opening last year," said Chris Melillo, Chief Revenue Officer of AWH. "Existing patients can rest assured that they remain a priority and will continue to enjoy our top-tier services without disruption as we welcome adult-use consumers to the New Jersey Ascend community. We are excited to serve all New Jersey cannabis consumers and look forward to commencing recreational sales in our other locations across the Garden State. We look forward to continuing to partner with the town of Rochelle Park and bring great jobs to this dynamic area."
Please note, that the Rochelle Park store is open from 8 am to 8 pm daily, but the first hour and the last hour of the day are reserved for medical patients.
About AWH:
AWH is a vertically integrated operator with assets in Illinois, Michigan, Ohio, Massachusetts, New Jersey, and Pennsylvania. AWH owns and operates state-of-the-art cultivation facilities, growing award-winning strains and producing a curated selection of products. AWH produces and distributes its in-house Ozone, Ozone Reserve, and Simply Herb branded products. For more information, visitwww.awholdings.com.
Forward-Looking Statements
This news release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding the plans, intentions, expectations, estimates, and beliefs of the Company. Words such as "expects", "continue", "will", "anticipates" and "intends" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on the Company's current projections and expectations about future events and financial trends, and on certain assumptions and analysis made by the Company in light of experience and perception of historical trends, current conditions and expected future developments and other factors management believes are appropriate.
Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. Such factors include, among others: the risks and uncertainties identified in the Company's Annual Report on Form 10-K for the year ended December 31, 2021, and in the Company's other reports and filings with the applicable Canadian securities regulators and the U.S. Securities and Exchange Commission. Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly, readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward-looking information and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.
The CSE has not reviewed, approved or disapproved the content of this news release.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc.
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| 2022-04-21T12:36:19Z
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First U.S. Based Bank to Make the Change for All Plastic Credit and Debit Card Products; Will Help to Reduce More Than 235 Tons of Single-Use Plastics
CHARLOTTE, N.C., April 21, 2022 /PRNewswire/ -- Bank of America today announced that it will transition all plastic credit and debit card products to be made from at least 80% recycled plastic starting in 2023. The company is the first U.S. based bank to make this commitment across its entire debit and credit card portfolio, in keeping with its focus to reduce single-use plastic in its supply chain. This will help reduce the environmental impact of plastics in cards issued by Bank of America and support the company's efforts to drive sustainable, low-carbon solutions.
Market research conducted by Escalent (April 2022) found that more than 72% of consumers and small business clients are interested in environmental sustainability and more than 69% show favorability towards having a recycled plastic debit/credit card.
"Shifting to a recycled card product is another step toward a more sustainable solution which will help foster a circular economy," said Mary Hines Droesch, head of Consumer and Small Business Products at Bank of America. "We are committed to incorporating sustainability throughout our business."
Bank of America issues 54 million consumer and commercial cards annually and estimates this effort will help to reduce more than 235 tons of single-use plastics, based on its annual card issuance. The company also anticipates that switching to recycled plastic for its credit and debit card portfolio will reduce greenhouse gas emissions, energy and water usage.1 In addition, Bank of America has offered digital debit cards since 2019.
"Bank of America offers a digital card for debit which clients can instantly create when they open an account or when they need a card replacement," said Robin Growley, Consumer Deposit Payments and Products executive at Bank of America. "The digital card further helps to reduce our clients' reliance on plastic."
Bank of America's History of Sustainable Leadership
Bank of America set its first goal to reduce greenhouse gases in its operations in 2005, and in 2019 the company met its carbon neutrality goal a year ahead of schedule. Last year, Bank of America set a net zero before 2050 goal across its financing activities, operations and supply chain. Earlier this month, the company announced its targets for reducing emissions associated with financing activities related to three key sectors: auto manufacturing, energy and power generation.
In April 2021, the company also announced a $1 trillion by 2030 goal to mobilize capital to accelerate the environmental transition, this as part of its $1.5 trillion sustainable finance commitment to support the United Nations Sustainable Development Goals. Since 2007, Bank of America has mobilized more than $350 billion toward climate and environmental business activities.
Additional resources: Annual Report to shareholders; Environmental Commitment.
1 More details about this initiative will be shared in early 2023, when the company completes an ISO-conformant life-cycle assessment of its plastic credit and debit cards.
Cautionary Information and Forward-Looking Statements
This press release contains statements regarding environmental, social and governance (ESG) related information and opinions, in each case which may include metrics, targets, goals, commitments and sustainability strategy. Such Information and any statements made in connection therewith are not guarantees or promises that any metrics, goals, targets or commitments will be met, and are based on current goals, targets, commitments, estimates, assumptions, developing standards and methodologies and currently available data, which continue to evolve and develop. The information in this press release is as of the date referenced, subject to change without notice and should be regarded as indicative and for illustrative purposes only. Such information may also include the use of non-financial metrics and/or other information that are subject to significant measurement uncertainties, which may include the methodology, collection and verification of data, various estimates and assumptions and/or underlying data that is obtained from third parties, some of which cannot be independently verified.
Additionally, certain statements contained in this press release may constitute "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act, including statements about future financial performance and business and ESG-related information, which may evolve over time. Words such as "estimates," "anticipates," "believes," "expects," "intends," "plans," and similar expressions are used to identify forward-looking statements. Forward-looking statements reflect management's current expectations, plans or forecasts, are not guarantees of future results or performance, involve certain known and unknown risks, uncertainties and assumptions that are difficult to predict and often beyond Bank of America Corporation's control and are inherently uncertain. Actual outcomes and results may differ materially from those expressed in, or implied by, forward-looking statements. You should not place undue reliance on any forward-looking statement and should consider the uncertainties and risks discussed in Bank of America Corporation's 2021 Annual Report on Form 10-K and subsequent Securities and Exchange Commission filings. Bank of America Corporation undertakes no obligation to update or revise any forward-looking statements.
Website links throughout this press release are provided for convenience only, and the content on the linked websites is not incorporated by reference into this press release.
Bank of America
At Bank of America, we're guided by a common purpose to help make financial lives better, through the power of every connection. We're delivering on this through responsible growth with a focus on our environmental, social and governance (ESG) leadership. ESG is embedded across our eight lines of business and reflects how we help fuel the global economy, build trust and credibility, and represent a company that people want to work for, invest in and do business with. It's demonstrated in the inclusive and supportive workplace we create for our employees, the responsible products and services we offer our clients, and the impact we make around the world in helping local economies thrive. An important part of this work is forming strong partnerships with nonprofits and advocacy groups, such as community, consumer and environmental organizations, to bring together our collective networks and expertise to achieve greater impact. Connect with us on Twitter (@BofA_News).
For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.
Reporters may contact:
For environmental inquiries:
Kelly Sapp, Bank of America
Phone: 1.980.214.3070
kelly.e.sapp@bofa.com
For credit and debit card inquiries:
Don Vecchiarello, Bank of America
Phone: 1.980.387.4899
don.vecchiarello@bofa.com
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| 2022-04-21T12:36:25Z
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Awards spotlight organizations committed to customer excellence and accelerating business transformation
HOUSTON, April 21, 2022 /PRNewswire/ -- BMC, a global leader in software solutions for the Autonomous Digital Enterprise, today named its Solution Provider Partner of the Year award winners.
This award recognizes BMC Solution Provider program partners that collaborate with BMC to support innovation and transformation for mutual customers and demonstrate excellence across the partner community with year-over-year growth, technical certifications, and deal registrations.
Partner winners, including regional partners of the year and product category winners, were announced during geographical partner forums throughout BMC sales kickoff meetings in April. Honorees include:
Asia Pacific (APAC):
- Partner of the Year: NCS
- DBA Partner of the Year: Galaxy Software Services Corporation
- DSOM Partner of the Year: Integrated Global Solutions
- Top Incremental Growth: Mitra Integrasi Informatika
Europe, the Middle East and Africa (EMEA):
- Partner of the Year: Materna Information & Communications
- DBA Partner of the Year: Telefónica Tech
- DSOM Partner of the Year: Al Moammar Information Systems Co.
- Top Incremental Growth: Materna Information & Communications
- SaaS Partner of the Year: Fusion Business Solutions
- Distribution Partner of the Year: New Island Technologies
- Top ISL Growth Partner: VBT
Latin America (LATAM):
- Partner of the Year: Soluciones en TI 2009 C.A.
- DBA Partner of the Year: Axity Chile SpA
- DSOM Partner of the Year: AIS Sistemas Avanzados de Información S.A. de C.V.
- Top Incremental Growth: Soluciones en TI 2009 C.A.
North America (NA):
- Partner of the Year: Rightstar Systems Inc.
- DBA Partner of the Year: VPMA Global Services
- DSOM Partner of the Year: Rightstar Systems Inc.
- Top Incremental Growth: Fusion Business Solutions
US Federal:
- Partner of the Year: Gunnison Consulting Group
- Top Incremental Growth: G2IT, LLC
"BMC's vision is to be the strategic technology provider for innovative transformation. We strive to provide a modern go-to-market (GTM) and customer experience model that exceeds all expectations – all aimed at helping our customers and partners transform into autonomous digital enterprises. Our solution provider partners play a critical role in this journey and it's an honor to recognize their excellence," said Jason Andrew, Chief Revenue Officer at BMC. "During our sales kickoff meetings in April, we were able to acknowledge all of our partner award winners and thank them for their continued commitment to our shared success."
Additional Resources:
- Celebrate and share these organizations' accomplishments on social media using #BMCPartnerAwards and #BMCPartnerEcosystem
- Discover how to accelerate your organization's digital transformation, www.bmc.com
About the BMC Partner Ecosystem Solution Provider program
The BMC Partner Ecosystem Solution Provider program is specifically designed to attract, educate, and enable valued channel partners so they can help customers navigate and thrive in the digital economy. The program provides a range of benefits designed to accelerate the growth of value-added resellers, integrators, and distributors selling and supporting BMC products and services.
About BMC
BMC works with 86% of the Forbes Global 50 and customers and partners around the world to create their future. With our history of innovation, industry-leading automation, operations, and service management solutions, combined with unmatched flexibility, we help organizations free up time and space to become an Autonomous Digital Enterprise that conquers the opportunities ahead.
©Copyright 2022 BMC Software, Inc.
BMC—Run and Reinvent
www.bmc.com
Editorial contact:
Jannelle Allong-Diakabana
BMC
jannelle_allongdiakabana@bmc.com
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| 2022-04-21T12:36:33Z
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CHICAGO, April 21, 2022 /PRNewswire/ -- Cars.com Inc. (NYSE: CARS) ("CARS" or the "Company"), the leading automotive marketplace platform that provides a robust set of digital solutions, today announced that it expects to report its financial results for the first quarter ended March 31, 2022, on Thursday, May 5, 2022. The Company will host a conference call with a live webcast at 8:00 a.m. CT/9:00 a.m. ET on the same day to discuss the results.
The conference call will be hosted by Chief Executive Officer, Alex Vetter and Interim Chief Financial Officer, Jandy Tomy.
Those interested are invited to listen to the live webcast online at investor.cars.com. A replay of the webcast will be available shortly afterwards at investor.cars.com.
ABOUT CARS.COM INC.
CARS is the leading automotive marketplace platform that provides a robust set of digital solutions to connect car shoppers with sellers. Launched in 1998 with the flagship marketplace Cars.com and headquartered in Chicago, the Company empowers shoppers with the data, resources and digital tools needed to make informed buying decisions and seamlessly connect with automotive retailers. In a rapidly changing market, CARS enables dealerships and OEMs with innovative technical solutions and data-driven intelligence to better reach and influence ready-to-buy shoppers, increase inventory turn and gain market share.
In addition to Cars.com, CARS brands include Dealer Inspire, a technology provider building solutions that future-proof dealerships with more efficient operations and connected digital experiences; FUEL, which gives dealers and OEMs the opportunity to harness the untapped power of digital video by leveraging Cars.com's pure audience of in-market car shoppers, DealerRater, a leading car dealer review and reputation management platform, automotive fintech platform CreditIQ, and Accu-Trade, a leading provider of vehicle acquisition technology and valuation data.
The full suite of CARS properties includes Cars.com™, Dealer Inspire®, FUEL™, DealerRater®, CreditIQ™, Accu-Trade™, Auto.com™, PickupTrucks.com™ and NewCars.com®. For more information, visit www.Cars.com.
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| 2022-04-21T12:36:40Z
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Leading fertility treatment network deepens bench of experts with COO Eleanor Harte and
CIO Wade Lowder to help support the company's growth trajectory and commitment to quality
DENVER, April 21, 2022 /PRNewswire/ -- CCRM Fertility, a global pioneer in fertility treatment, research and science, today announced the addition of two senior healthcare executives to its leadership team: Eleanor Harte as chief operations officer and Wade Lowder as chief information officer. In their new roles, both leaders will develop and execute strategic plans in support of company's growth plans and focus on quality outcomes, with Harte driving the operational infrastructure and Lowder focused on building the IT infrastructure and related processes.
"With the rising trend of delayed pregnancies and increasing demand for high-quality fertility care, the fertility treatment market is expected to grow 10-15% per year. It is important for us to meet this demand by hiring the right professionals to take CCRM Fertility forward," said Jon Pardew, president and CEO of CCRM Fertility. "Eleanor and Wade are seasoned professionals who've both made their respective sectors stronger and more efficient. Adding them to our team will help drive our growth efforts in 2022 and beyond by embracing innovative technologies and enhancing the patient, employee, and physician experience throughout the entire patient journey."
Most recently, Harte worked with Davita Healthcare in Denver as its division vice president, where she led the operational turnaround of a historically underperforming division. Before Davita, she served as the director of business development for Keas Health Management in San Francisco, where she was responsible for managing the sales team, distribution channel partners and new business leads to drive growth. Harte earned her BS in human biology from Stanford University and her MBA from Harvard Business School.
Lowder joins CCRM Fertility from InnovAge where he served as the senior vice president of technology and managed the IT strategies, administration and expansion as the company doubled in size. Prior to InnovAge, Lowder worked with Kaiser Permanente as the director of mergers, acquisitions and organization change management. Before that, he served as the vice president of infrastructure and operations for Prologis. Born and raised in Denver, he earned his BS in biology and chemistry and his M.S. in computer information systems from Regis University.
About CCRM Fertility
CCRM Fertility is a global pioneer in fertility treatment, research, and science. Founded by Dr. William Schoolcraft 35 years ago, CCRM Fertility specializes in the most advanced fertility treatments, with deep expertise in IVF, fertility testing, egg freezing, preimplantation genetic testing, third party reproduction, and egg donation. CCRM Fertility leverages its own data and a dedicated team of in-house reproductive endocrinologists, embryologists, and geneticists to deliver industry-leading outcomes. CCRM Fertility has 26 locations in North America, serving patients in 11 major metropolitan areas, including Atlanta, Boston, Dallas-Fort Worth, Denver, Houston, New York, Northern Virginia, Minneapolis, Orange County, San Francisco Bay Area, and Toronto. For more information, visit www.ccrmivf.com.
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| 2022-04-21T12:36:47Z
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The U-Haul program has expanded to provide student moving services to 350+ schools
PHOENIX, April 21, 2022 /PRNewswire/ -- Collegeboxes® is preparing to help more students on move-out day than ever before, and they are marking the end of spring classes with a special discount code and a redesigned user-friendly website.
Students who order a Collegboxes supply kit through June 30 can use the code "MOVEOUT" for 10% off their summer storage through Collegeboxes.com or by calling (866) 269-4887.
"Collegeboxes provides a simple solution for moving to and from school," stated Dain Howell, Director of Collegeboxes. "We do all the heavy lifting. Students only need to pack their items. Collegeboxes does the rest. Parents and students control the entire process from their Collegeboxes account, from when they want their items picked up to which items they wanted stored or shipped."
More than 350 schools across the U.S. now enjoy the benefits of full-service moving for their students with Collegeboxes. A division of U-Haul®, Collegeboxes offers all the advantages of a large and trusted company – but with local teams in every U.S. market.
Full-service schools have access to school-scheduled dates for Collegeboxes specialists to assist students; pickup from dorm rooms; loading and unloading boxes; barcoding boxes for easy tracking; reporting for students to follow their items; storage at secure local U-Haul facilities; and domestic and international shipping.
Students at all other schools can still utilize Collegeboxes' direct shipping service. When all students need is shipping of their items, this service gets students' packages from point A to point B with no storage. Once items are packed, FedEx® picks up boxes from the student's residence or mailroom at school and ships them. Students can track their shipment using their Collegeboxes account.
Collegeboxes launched its improved website last week, providing a fresh look and easy-to-use navigation to steer students in the right direction. There is also a new blog page offering helpful tips, product details, school highlights and more at collegeboxes.com/blog.
"The website redesign has improved the customer experience for both parents and students," Howell said. "We want to help families move students to and from school, but we can also offer valuable tips on everything from how to best pack items for storage and shipping, to what students can expect during the first year of living on campus. Collegeboxes.com now highlights these features."
Since 1999, Collegeboxes has provided proven results for schools when it comes to the difficulties of move-in and move-out day. Student communications go through Collegeboxes – not the school – so administrations are unburdened. Students gain peace of mind knowing Collegeboxes assumes all liability for possessions once they are in the care of the local team, while also using a service that integrates social-distancing measures during a busy, crowded time.
About U-HAUL
Since 1945, U-Haul has been the No. 1 choice of do-it-yourself movers, with a network of more than 23,000 locations across all 50 states and 10 Canadian provinces. U-Haul Truck Share 24/7 offers secure access to U-Haul trucks every hour of every day through the customer dispatch option on their smartphones and our proprietary Live Verify technology. Our customers' patronage has enabled the U-Haul fleet to grow to approximately 176,000 trucks, 126,000 trailers and 46,000 towing devices. U-Haul offers nearly 855,000 rentable storage units and 73.6 million square feet of self-storage space at owned and managed facilities throughout North America. U-Haul is the largest retailer of propane in the U.S., and continues to be the largest installer of permanent trailer hitches in the automotive aftermarket industry. U-Haul has been recognized repeatedly as a leading "Best for Vets" employer and was recently named one of the 15 Healthiest Workplaces in America.
Contact:
Jeff Lockridge
Sebastien Reyes
E-mail: publicrelations@uhaul.com
Phone: 602-760-4941
Website: uhaul.com
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| 2022-04-21T12:36:53Z
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Columbia Banking System Announces First Quarter 2022 Results and Quarterly Cash Dividend
Published: Apr. 21, 2022 at 8:00 AM EDT|Updated: 36 minutes ago
Notable Items for First Quarter 2022
Quarterly net income of $57.5 million and diluted earnings per share of $0.74, which included $0.07 per share negative impact from acquisition-related expenses
Record non-PPP first quarter loan production of $464.2 million
Deposits increased $289.1 million
Net interest margin of 3.12%, an increase of 7 basis points from the linked quarter
Nonperforming assets to period-end assets ratio decreased to 0.09%
Regular cash dividend declared of $0.30 per share
Bank of Commerce Holdings integration completed
TACOMA, Wash., April 21, 2022 /PRNewswire/ -- Clint Stein, President and Chief Executive Officer of Columbia Banking System, Inc. ("Columbia", "we" or "us") and Columbia Bank (the "Bank") (NASDAQ: COLB), said today upon the release of Columbia's first quarter 2022 earnings, "We achieved robust loan and deposit growth during the first quarter, which is traditionally our slowest. Our credit metrics remain stellar, and our balance sheet is well-positioned for the expected continued rise in interest rates." He continued, "During the quarter our team completed the Bank of Commerce Holdings integration and is ready for the close of our merger with Umpqua Holdings. I am proud of what our bankers continue to accomplish and remain exceedingly optimistic for our future."
Balance Sheet
Total assets at March 31, 2022 were $20.96 billion, an increase of $18.6 million from the linked quarter. Loans were $10.76 billion, up $117.7 million from December 31, 2021, mainly attributable to loan originations of $464.2 million partially offset by loan payments. Total Paycheck Protection Program ("PPP") loans decreased from $184.1 million at December 31, 2021 to $83.2 million at March 31, 2022. The remaining PPP loans balance consisted of $9.1 million from the first round in 2020 and $74.1 million from the second round in 2021. Debt securities in total were $7.73 billion, a decrease of $329.5 million from $8.06 billion at December 31, 2021 substantially driven by fair value movement related to the available-for-sale portfolio. Total deposits at March 31, 2022 were $18.30 billion, an increase of $289.1 million from December 31, 2021. The deposit mix remained fairly consistent from December 31, 2021 with 48% noninterest-bearing and 52% interest-bearing.
Chris Merrywell, Columbia's Executive Vice President and Chief Operating Officer, stated, "We have been successful in retaining existing and attracting new bankers in all of our markets, which generated loan production of $464.2 million, a new non-PPP first-quarter record. This, combined with increased account retention, translated into excellent loan and deposit growth during the first quarter, which typically is our seasonally lowest." He continued, "Our pipelines remain strong which is an extension of the purposeful investment in our people and our products."
Income Statement
Net Interest Income
Net interest income for the first quarter of 2022 was $146.2 million, an increase of $677 thousand from the linked quarter and an increase of $22.2 million from the prior-year period. The increase from the linked quarter was primarily due to higher interest income related to increased yield on the securities portfolio substantially driven by lower premium amortization. Also contributing was lower interest expense resulting from the $35.0 million repayment of subordinated debentures in the prior quarter. The increase in net interest income from the prior-year period was mainly due to an increase in interest income for loans and securities, which was a result of higher average balances partially related to the Bank of Commerce acquisition. For additional information regarding net interest income, see the "Net Interest Margin" section and the "Average Balances and Rates" tables.
Provision for Credit Losses
Columbia recorded a $7.8 million recapture for credit losses for the first quarter of 2022 compared to an $11.1 million provision for the linked quarter and a net provision recapture of $800 thousand for the comparable quarter in 2021. The recapture for credit losses recorded in the current quarter was due to credit quality improvement.
Noninterest Income
Noninterest income was $24.2 million for the first quarter of 2022, a decrease of $60 thousand from the linked quarter and an increase of $1.0 million from the first quarter of 2021. The decrease compared to the linked quarter was primarily due to lower loan fees and mortgage banking revenue partially offset by financial services and trust revenue and other noninterest income including a gain on the sale of loans of $868 thousand. The increase in noninterest income during the first quarter of 2022 compared to the same quarter in 2021 was mainly due to increases associated with other noninterest income, financial services and trust revenue and card revenue offset by lower mortgage banking revenue due to lower overall mortgage production and decreased premium on loan sales attributed to the higher rate environment.
Noninterest Expense
Total noninterest expense for the first quarter of 2022 was $105.1 million, an increase of $2.4 million compared to the fourth quarter of 2021. Total acquisition-related expenses for the quarter were $7.1 million, which compares to the linked quarter of $11.8 million. Taking this into consideration, the largest contributor to the increase in noninterest expense for the current quarter is related to compensation and employee benefits that can be attributed to higher 401k and payroll tax expenses, which are typically elevated in the first quarter. The increase was also attributable to a $500 thousand provision for unfunded loan commitments recorded in the current quarter compared to a $2.0 million recapture recorded for the linked quarter. Higher data processing and software expenses partially offset by lower professional services expense were also drivers of the current quarter increase. Compared to the first quarter of 2021, noninterest expense increased $21.5 million, mostly attributable to an increase in compensation and employee benefits. This increase was due to our acquisition of Bank of Commerce in the fourth quarter of 2021 and the prior-year period having substantial labor costs capitalized related to PPP loan originations. Increased acquisition-related expenses related to legal and professional fees, occupancy and data processing and software also contributed to the increase from the prior-year period.
The provision for unfunded loan commitments, a component of other noninterest expense, for the periods indicated are as follows:
Net Interest Margin
Columbia's net interest margin (tax equivalent) for the first quarter of 2022 was 3.12%, an increase of 7 basis points from the linked quarter and a decrease of 19 basis points from the prior-year period. The increase in the net interest margin (tax equivalent) compared to the linked quarter was primarily due to higher yields on securities driven by substantially lower premium amortization. A stronger earning assets mix with a lower ratio of low-yield interest-earning deposits with banks was also a contributing factor to the improved net interest margin. The average cost of total deposits for both the current quarter and linked quarter was 4 basis points. The decrease in the net interest margin (tax equivalent) compared to the prior-year period was driven by lower average rates on loans in the current period. For additional information regarding net interest margin, see the "Average Balances and Rates" tables.
Columbia's operating net interest margin (tax equivalent)[1] was 3.15% for the first quarter of 2022, an increase of 7 basis points from the linked quarter and a decrease of 15 basis points compared to the prior-year period. The increase in the operating net interest margin for the first quarter of 2022 compared to the linked quarter and the decrease compared to the prior-year period were due to the items noted in the preceding paragraph.
The following table highlights the yield on our PPP loans for the periods indicated:
Asset Quality
At March 31, 2022, nonperforming assets to total assets decreased to 0.09% compared to 0.11% at December 31, 2021. Total nonperforming assets decreased $5.6 million from the linked quarter, primarily due to decreases in commercial real estate, commercial business and one-to-four family residential real estate nonaccrual loans.
The following table sets forth information regarding nonaccrual loans and total nonperforming assets:
Nonperforming assets to total loans were 0.16% and 0.22% at March 31, 2022 and December 31, 2021, respectively.
The following table provides an analysis of the Company's allowance for credit losses:
The allowance for credit losses to period-end loans was 1.37% at March 31, 2022 compared to 1.46% at December 31, 2021. Excluding PPP loans, the allowance for credit losses to period-end loans[2] was 1.38% at March 31, 2022 compared to 1.49% at December 31, 2021.
Organizational Update
Umpqua Merger
Integration planning related to the combination with Umpqua Holdings Corporation, which was announced on October 12, 2021, is moving along smoothly under the guidance of an Integration Office co-led by executives from both companies. Shareholders overwhelmingly approved the merger at separate meetings in late January, and we are awaiting regulatory approvals. "Once approvals are granted, we intend to move swiftly towards increasing our capacity and depth of services for the combined client-base," said Clint Stein. "Associates from both companies have been planning and sharing their expertise to ensure a smooth post-closing experience for our clients."
Cash Dividend Announcement
Columbia will pay a regular cash dividend of $0.30 per common share on May 18, 2022 to shareholders of record as of the close of business on May 4, 2022.
Conference Call Information
Columbia's management will discuss the first quarter 2022 financial results on a conference call scheduled for Thursday, April 21, 2022 at 11:00 a.m. Pacific Time (2:00 p.m. ET). Interested parties may join the live-streamed event by using the site:
The conference call can also be accessed on Thursday, April 21, 2022 at 11:00 a.m. Pacific Time (2:00 p.m. ET) by calling 833-301-1160; Conference ID password: 1141605.
A replay of the call will be accessible beginning Friday, April 22, 2022 using the link below:
Headquartered in Tacoma, Washington, Columbia Banking System, Inc. (NASDAQ: COLB) is the holding company of Columbia Bank, a Washington state-chartered full-service commercial bank with locations throughout Washington, Oregon, Idaho and California. The bank has been named one of Puget Sound Business Journal's "Washington's Best Workplaces," more than 10 times. Columbia was named on the Forbes 2022 list of "America's Best Banks" marking 11 consecutive years on the publication's list of top financial institutions.
More information about Columbia can be found on its website at www.columbiabank.com.
Note Regarding Forward-Looking Statements
This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, descriptions of Columbia's management's expectations regarding future events and developments such as future operating results, growth in loans and deposits, continued success of Columbia's style of banking and the strength of the local economy as well as the potential effects of the COVID-19 pandemic on Columbia's business, operations, financial performance and prospects. The words "will," "believe," "expect," "intend," "should," and "anticipate" or the negative of these words or words of similar construction are intended in part to help identify forward-looking statements. Future events are difficult to predict, and the expectations described above are necessarily subject to risks and uncertainties, many of which are outside our control, that may cause actual results to differ materially and adversely. In addition to discussions about risks and uncertainties set forth from time to time in Columbia's filings with the Securities and Exchange Commission (the "SEC"), available at the SEC's website at www.sec.gov and the Company's website at www.columbiabank.com, including the "Risk Factors," "Business" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of our annual reports on Form 10-K and quarterly reports on Form 10-Q (as applicable), factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, among others, the following:
national and global economic conditions could be less favorable than expected or could have a more direct and pronounced effect on us than expected and adversely affect our ability to continue internal growth and maintain the quality of our earning assets;
the markets where we operate and make loans could face challenges;
the risks presented by the economy, which could adversely affect credit quality, collateral values, including real estate collateral, investment values, liquidity and loan originations and loan portfolio delinquency rates;
continued increases in inflation, and the risk that information may differ, possibly materially, from expectations, and actions taken by the Board of Governors of the Federal Reserve System in response to inflation and their potential impact on economic conditions;
risks related to the proposed merger with Umpqua including, among others, (i) failure to complete the merger with Umpqua or unexpected delays related to the merger or either party's inability to obtain regulatory or shareholder approvals or satisfy other closing conditions required to complete the merger, (ii) regulatory approvals resulting in the imposition of conditions that could adversely affect the combined company or the expected benefits of the transaction, (iii) certain restrictions during the pendency of the proposed transaction with Umpqua that may impact the parties' ability to pursue certain business opportunities or strategic transactions, (iv) diversion of management's attention from ongoing business operations and opportunities, (v) cost savings and any revenue synergies from the merger may not be fully realized or may take longer than anticipated to be realized, (vi) the integration of each party's management, personnel and operations will not be successfully achieved or may be materially delayed or will be more costly or difficult than expected, (vii) deposit attrition, customer or employee loss and/or revenue loss as a result of the announcement of the proposed merger, (viii) expenses related to the proposed merger being greater than expected, and (ix) shareholder litigation that may prevent or delay the closing of the proposed merger or otherwise negatively impact the Company's business and operations;
the efficiencies and enhanced financial and operating performance we expect to realize from investments in personnel, acquisitions (including the recent acquisition of Bank of Commerce and infrastructure may not be realized;
the ability to successfully integrate Bank of Commerce, or to integrate future acquired entities;
interest rate changes could significantly reduce net interest income and negatively affect asset yields and funding sources;
the effect of the discontinuation or replacement of LIBOR;
results of operations following strategic expansion, including the impact of acquired loans on our earnings, could differ from expectations;
changes in the scope and cost of FDIC insurance and other coverages;
changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies could materially affect our financial statements and how we report those results, and expectations and preliminary analysis relating to how such changes will affect our financial results could prove incorrect;
changes in laws and regulations affecting our businesses, including changes in the enforcement and interpretation of such laws and regulations by applicable governmental and regulatory agencies;
increased competition among financial institutions and nontraditional providers of financial services;
continued consolidation in the financial services industry resulting in the creation of larger financial institutions that have greater resources could change the competitive landscape;
the goodwill we have recorded in connection with acquisitions could become impaired, which may have an adverse impact on our earnings and capital;
our ability to identify and address cyber-security risks, including security breaches, "denial of service attacks," "hacking" and identity theft;
any material failure or interruption of our information and communications systems;
inability to keep pace with technological changes;
our ability to effectively manage credit risk, interest rate risk, market risk, operational risk, legal risk, liquidity risk and regulatory and compliance risk;
failure to maintain effective internal control over financial reporting or disclosure controls and procedures;
the effect of geopolitical instability, including wars, conflicts and terrorist attacks, including the impacts of Russia's invasion of Ukraine;
our profitability measures could be adversely affected if we are unable to effectively manage our capital;
the risks from climate change and its potential to disrupt our business and adversely impact the operations and creditworthiness of our customers;
natural disasters, including earthquakes, tsunamis, flooding, fires and other unexpected events;
the effect of COVID-19 and other infectious illness outbreaks that may arise in the future, which has created significant impacts and uncertainties in U.S. and global markets;
changes in governmental policy and regulation, including measures taken in response to economic, business, political and social conditions, including with regard to COVID-19; and
the effects of any damage to our reputation resulting from developments related to any of the items identified above.
Additional factors that could cause results to differ materially from those described above can be found in Columbia's Annual Report on Form 10-K for the year ended December 31, 2021, which is on file with the SEC and available on Columbia's website, www.columbiabank.com, under the heading "Financial Information" and in other documents Columbia files with the SEC, and in Umpqua's Annual Report on Form 10-K for the year ended December 31, 2021, which is on file with the SEC and available on Umpqua's investor relations website, www.umpquabank.com, under the heading "Financials," and in other documents Umpqua files with the SEC.
We believe the expectations reflected in our forward-looking statements are reasonable, based on information available to us on the date hereof. However, given the described uncertainties and risks, we cannot guarantee our future performance or results of operations and you should not place undue reliance on these forward-looking statements which speak only as of the date hereof. Neither Columbia nor Umpqua assumes any obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws.
Non-GAAP Financial Measures
The Company considers its operating net interest margin (tax equivalent) and operating efficiency ratios to be useful measurements as they more closely reflect the ongoing operating performance of the Company. Despite the usefulness of the operating net interest margin (tax equivalent) and operating efficiency ratio to the Company, there are no standardized definitions for these metrics. As a result, the Company's calculations may not be comparable with those of other organizations. The Company encourages readers to consider its consolidated financial statements in their entirety and not to rely on any single financial measure.
The following tables reconcile the Company's calculation of the operating net interest margin (tax equivalent) and operating efficiency ratio:
Non-GAAP Financial Measures - Continued
The Company also considers its core noninterest expense ratio to be a useful measurement as it more closely reflects the ongoing operating performance of the Company. Despite the usefulness of the core noninterest expense ratio to the Company, there is not a standardized definition for it, as a result, the Company's calculations may not be comparable with those of other organizations. The Company encourages readers to consider its consolidated financial statements in their entirety and not to rely on any single financial measure.
The following table reconciles the Company's calculation of the core noninterest expense ratio:
The Company considers its pre-tax, pre-provision income to be a useful measurement in evaluating the earnings of the Company as it provides a method to assess income. Despite the usefulness of this measure to the Company, there is not a standardized definition for it. As a result, the Company's calculation may not always be comparable with those of other organizations. The Company encourages readers to consider its consolidated financial statements in their entirety and not to rely on any single financial measure.
The following table reconciles the Company's calculation of the pre-tax, pre-provision income:
Non-GAAP Financial Measures - Continued
The Company considers its tangible common equity ratio and tangible book value per share ratio to be useful measurements in evaluating the capital adequacy of the Company as they provide a method to assess management's success in utilizing our tangible capital. Despite the usefulness of these ratios to the Company, there is not a standardized definition for these metrics. As a result, the Company's calculation may not always be comparable with those of other organizations. The Company encourages readers to consider its consolidated financial statements in their entirety and not to rely on any single financial measure.
The following table reconciles the Company's calculation of the tangible common equity ratio and tangible book value per share ratio:
The Company considers its ratio of allowance for credit losses to period-end loans, excluding PPP loans, to be a useful measurement in evaluating the adequacy of the amount of allowance for credit losses to loans of the Company, as PPP loans are guaranteed by the U.S. Small Business Administration and thus do not require the same amount of reserve for credit losses as do other loans. Despite the usefulness of this ratio to the Company, there is not a standardized definition for it. As a result, the Company's calculation may not always be comparable with those of other organizations. The Company encourages readers to consider its consolidated financial statements in their entirety and not to rely on any single financial measure.
The following table reconciles the Company's calculation of the allowance for credit losses to period-end loans, excluding PPP loans:
Non-GAAP Financial Measures - Continued
The Company also considers its return on average tangible common equity ratio to be a useful measurement as it evaluates the Company's ongoing ability to generate returns for its common shareholders. By removing the impact of intangible assets and their related amortization and tax effects, the performance of the business can be evaluated, whether acquired or developed internally. Despite the usefulness of this ratio to the Company, there is not a standardized definition for it. As a result, the Company's calculation may not always be comparable with those of other organizations. The Company encourages readers to consider its consolidated financial statements in their entirety and not to rely on any single financial measure.
The following table reconciles the Company's calculation of the return on average tangible common shareholders' equity ratio:
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc.
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https://www.whsv.com/prnewswire/2022/04/21/columbia-banking-system-announces-first-quarter-2022-results-quarterly-cash-dividend/
| 2022-04-21T12:36:59Z
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Company Currently Recruiting for New Chief Financial Officer
DALLAS, April 21, 2022 /PRNewswire/ -- COMSovereign Holding Corp. (NASDAQ: COMS and COMSP) ("COMSovereign" or the "Company"), a U.S.-based developer of 4G LTE Advanced and 5G communication systems and solutions, today announced the departure of its Chief Financial Officer ("CFO"), Fran Jandjel, CPA, MBA, CGMA, ACMA who has decided to leave the Company for personal family commitments.
The Company has retained a senior financial professional with extensive public company experience to assist with the completion of the Company's annual report for the year ended December 31, 2021 and commenced a national search for a new Chief Financial Officer.
Dan Hodges, Chairman and CEO of COMSovereign, said, "We wish to thank Fran for her professionalism and operational leadership during a transformative and challenging period for COMSovereign."
Fran Jandjel commented, "I am grateful for the opportunity of working alongside Dan and the entire team as they continued to leverage the Company's innovation technology to realize their vision for the future of telecommunications. I am pleased by the progress we made on creating a streamlined financial process across the business and I look forward to watching the Company's progress."
For more information about COMSovereign, please visit www.COMSovereign.com and connect with us on Facebook and Twitter.
About COMSovereign Holding Corp.
COMSovereign Holding Corp. (Nasdaq: COMS) has assembled a portfolio of communications technology companies that enhance connectivity across the entire data transmission spectrum. Through strategic acquisitions and organic research and development efforts, COMSovereign has become a U.S.-based communications provider able to provide 4G LTE Advanced and 5G telecom solutions to network operators and enterprises. For more information about COMSovereign, please visit www.COMSovereign.com.
Forward-Looking Statements
Certain statements in this press release that are not historical facts are forward-looking statements that reflect management's current expectations, assumptions, and estimates of future performance and economic conditions, and involve risks and uncertainties that could cause actual results to differ materially from those anticipated by the statements made herein. Forward-looking statements are generally identifiable by the use of forward-looking terminology such as "believe," "expects," "may," "looks to," "will," "should," "plan," "intend," "on condition," "target," "see," "potential," "estimates," "preliminary," or "anticipates" or the negative thereof or comparable terminology, or by discussion of strategy or goals or other future events, circumstances, or effects. Moreover, forward-looking statements in this release include, but are not limited to, the impact of the current COVID-19 pandemic, which may limit access to the Company's facilities, customers, management, support staff, and professional advisors, and to develop and deliver advanced voice and data communications systems, demand for the Company's products and services, the availability of parts and components for the manufacture of products, economic conditions in the U.S. and worldwide, and the Company's ability to recruit and retain management, technical, and sales personnel. Further information relating to factors that may impact the Company's results and forward-looking statements are disclosed in the Company's filings with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company disclaims any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Contacts:
Steve Gersten, Director of Investor Relations
COMSovereign Holding Corp.
813-334-9745
investors@comsovereign.com
and
Media Relations for COMSovereign Holding Corp.:
Michael Glickman
MWGCO, Inc.
917-397-2272
mike@mwgco.net
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| 2022-04-21T12:37:05Z
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Eco Material Plant Recognized for Environmental Efforts and Job Creation
DANVILLE, Pa., April 21, 2022 /PRNewswire/ -- Eco Material Technologies ("Eco Material" or the "Company"), a leading producer of sustainable cementitious materials, welcomed Congressman Dan Meuser and other officials today to celebrate the removal of 150,000 tons of landfilled ash. The ash from Eco Material's plant in Danville, Pa. has been used in concrete to repave thousands of miles of roads around the state.
"We are honored to welcome Congressman Meuser and other officials to celebrate this landmark achievement for both Eco Material and the state of Pennsylvania," said Grant Quasha, CEO of Eco Material Technologies. "Without the support of the Congressman and other state, federal and local officials, we would not be commemorating today's milestone."
Congressman Meuser was the guest of honor and spoke at the ceremony, which recognized the hard work and dedication of the plant's employees as well as the local and national benefits of their efforts.
"My district is made up of many communities that benefit from the great work Eco Material is doing in Danville. Eco Material's innovative process of transforming the waste material, called "fly ash", from coal-fired power plants into a near-zero carbon cement product is a smart and environmentally-friendly way to build America's infrastructure. Eco Material provides a free-market alternative to other cement products that have been used to repave roads utilized by Pennsylvanians throughout the Commonwealth," said Congressman Meuser.
Additional attendees included Pa. Rep. Kurt Masser, representatives from the office of Senator Pat Toomey, Senator Bob Casey and Pa. Sen. John Gordner, as well as officials from Talen Energy and other area businesses.
About Eco Material Technologies
Eco Material Technologies is a leading producer of sustainable cement alternatives in the U.S., serving over 4,000 unique customer locations from its 100+ sites across 45 states. The Company is the leading marketer and distributor of fly ash, with an approximately 50% volume share in the U.S. and the industry's only true national footprint of logistics networks and distribution channels. Eco Material also has a patented technology to convert fly ash and other materials into innovative, near-zero carbon building materials that react faster, match the one-day performance of, and after 28 days are approximately 20% stronger than traditional cement, all while reducing by approximately 99% the CO2 emissions that are traditionally associated with cement production. The Company also provides mission-critical utility services, including operations support, waste disposal, and environmental remediation.
Media Contact:
Eco Material Technologies
Matthew Cossel, KCSA
ecomaterial@kcsa.com
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| 2022-04-21T12:37:11Z
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Convergence Chief Executive Officer David Eisner will join Encore.org Founder and CEO Marc Freedman, Bridge USA CEO Manu Meel and Millennial Action Project CEO Layla Zaidane in a discussion that will examine how generational divides contribute to political division in the U.S.
WASHINGTON, April 21, 2022 /PRNewswire/ -- Convergence Center for Policy Resolution, a nonprofit leader in bridging divides and finding collaborative solutions to intractable issues, today announced it will co-host a discussion on how generational divides relate to the current state of polarization in U.S. politics. The event takes place during the fifth annual "National Week of Conversation," which is powered by the #ListenFirst Coalition of 400+ organizations, America Talks Co-creators and bridge building community allies. Panelists leading the "Bridging Across Generations" discussion include Convergence Chief Executive Officer David Eisner; Marc Freedman, President, CEO and Founder of Encore.org; Manu Meel, CEO of Bridge USA; and Layla Zaidane, President and CEO of the Millennial Action Project.
"While often paid less attention to than other sources of discord in American politics, a lack of conversation and understanding between generations is a significant contributor to the culture of toxic polarization that has come to define our democracy," Eisner said. "Bridging generational gaps to seek common ground is immensely important if we are to overcome the challenges we face today, and I am delighted to be joining the other panelists to engage in this important conversation."
During the discussion, the participants will explore the role that age demographics have on political division in the U.S. and how the conversation might be shifted to resolve conflict and create better outcomes. The group will address questions such as:
- How do younger and older groups differ on such issues as religion and politics?
- How do different age groups feel about Cancel Culture?
- Does being "Woke" mean the same thing at different ages?
- How has the pandemic affected age groups differently?
- How do we prevent overgeneralizing and speaking about individual age groups as if they are monolithic?
When examining age diversity in the U.S., the discussion comes at a unique moment in the country's history. According to a recent study published by The Stanford Center on Longevity, for the first time there are comparable numbers of people in every age group, from birth through their 70s. And yet, Americans still live in a highly age-graded and age-segregated society. Creating more opportunities for people of different ages to interact with each other in the course of daily life will be an integral part of supporting intergenerational programs that help people understand each other and learn how to work together.
"It's imperative that Americans of all ages communicate with one another and figure out a way to work together," said Encore.org's Freedman. "It is time that we stop the blame game that has recently defined the generational discourse and move toward constructive dialogues that solve problems rather than create them."
The event will take place on April 25, 2022, from 1:30pm – 2:30pm ET. To register for the upcoming event, visit: https://www.eventbrite.com/e/bridging-across-generations-national-week-of-conversation-tickets-305971889157?aff=ebdsoporgprofile
To learn more about Convergence's ongoing bridging work, visit www.convergencepolicy.org/projects.
About Convergence Center for Policy Resolution
Convergence is a national non-profit with locations in Washington, D.C. and the Bay Area that convenes individuals and organizations with divergent views to build trust, identify solutions and form alliances for action on issues of critical public concern. Learn more at: https://convergencepolicy.org.
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| 2022-04-21T12:37:18Z
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New Cottonelle Flushable Wipes break down like toilet paper3
NEENAH, Wis., April 21, 2022 /PRNewswire/ -- Are flushable wipes actually flushable? That concern has become the leading barrier to Americans adopting flushable wipes into their bathroom routines. Category leader Cottonelle® wants consumers to know its flushable wipes have always been flushable, and the latest product improvement has enhanced the wipes flushability so they break down like toilet paper.3
"While the majority of Americans agree that using flushable wipes with dry toilet paper is worth it to feel the extra clean, only one-third feel comfortable flushing flushable wipes2," explains Ada Zavala, senior brand manager, Cottonelle Brand. "The enhancements to our product are designed for a worry-free flush giving consumers the confidence that their flushable wipes will break down like toilet paper.3"
Along with being the "#1 Septic-Safe Wipes Brand among national brands," Cottonelle is proud to promote that the most recent formulation of its wipes is plumber approved and compliant with International Water Services Flushability Group (IWSFG) 2020 flushability specifications. IWSFG is comprised of water professionals seeking to provide guidance on what should and shouldn't be flushed.
This announcement coincides with claims around Cottonelle Flushable Wipes, including:
- Loses strength 4X faster after flushing vs leading brands*
- With these innovation improvements, Cottonelle is proud to name this its fastest dispersing wipe ever.
- A new product demonstration on the brand's YouTube channel showcases how the wipe immediately starts to break down after flushing, in a manner similar to toilet paper.3
"We recognize the responsibility to consumer education and product efficacy that comes with being the category leader in flushable wipes, and we don't take that lightly," continues Zavala. "It's through our efforts with wastewater officials and organizations that we are able to help educate consumers on what is, and is not, flushable."
Kimberly-Clark introduced Cottonelle flushable wipes over a decade ago, tapping into the existing expertise of its parent company. Kimberly-Clark and Cottonelle work closely with industry organizations, including by complying with the International Water Services Flushability Group specifications, to set the highest quality standards for its flushable wipes. For more information, visit Cottonelle.com/flushability.
Kimberly-Clark (NYSE: KMB) and its trusted brands are an indispensable part of life for people in more than 175 countries. Fueled by ingenuity, creativity, and an understanding of people's most essential needs, we create products that help individuals experience more of what's important to them. Our portfolio of brands, including Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Neve, Plenitud, Sweety, Softex, Viva and WypAll, hold the No. 1 or No. 2 share position in 80 countries. We use sustainable practices that support a healthy planet, build stronger communities, and ensure our business thrives for decades to come. To keep up with the latest news and to learn more about the company's nearly 150-year history of innovation, visit kimberly-clark.com.
[KMB-B]
1 Among national brands
2 According to a 2020 Cottonelle survey conducted with YouGov
3 Cottonelle flushable wipes break down like toilet paper, begin to break up as fast as Cottonelle Ultra Clean and have same break up after 30 minutes in the IWSFG slosh box.
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| 2022-04-21T12:37:24Z
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Beginning This Summer, Consumers Receive Incentives For Helping Form Grid-Balancing, Virtual Power Plants Through Their Personal Thermostats
BALTIMORE , April 21, 2022 /PRNewswire/ -- Leading national energy solutions provider CPower Energy Management ("CPower") today announced an expansion of its existing residential portfolio through a new demand response partnership with Resideo Technologies (NYSE:REZI), a leading global provider of home comfort and security solutions and a distributed energy resource management system, and Google Nest. When grid reliability is needed, CPower will dispatch Resideo's Honeywell Home-branded smart thermostats and Google Nest smart thermostats to form virtual power plants that deliver power to PJM Interconnection, the largest grid operator in the U.S. During the inaugural year of the Connected Savings program, which begins on June 1 ahead of the Summer peak season, customers that participate in the program will receive incentives.
"As we kick off our partnership with Resideo in the PJM market, we'll have the opportunity to reward smart energy users while benefiting the local grid," said Mathew Sachs, senior vice president, strategy and development, CPower. "Beyond smart thermostats, Resideo has other residential loads that can be leveraged to create virtual power plants and provide even greater energy resilience."
"Our goal at Resideo is to make energy-saving program participation as convenient and as expansive as possible in order to help facilitate decarbonization of the grid," said Phil Theodore, President of Products & Solutions at Resideo. "CPower's respected energy market expertise will provide our customers with a seamless experience that rewards them for relieving demand on the grid and contributing to a more sustainable environment."
CPower has been helping PJM maintain grid reliability for more than two decades through various demand response and ancillary service programs, which pay organizations for using less energy when the grid is stressed or electricity prices are exceptionally high. Beyond helping commercial and industrial customers maximize the value of their Distributed Energy Resources (DERs), CPower already helps its partners in PJM monetize residential water heaters and HVAC systems to bring demand flexibility to the grid. Nationally, CPower manages more than 5.3 GW of DER capacity.
About CPower Energy Management
CPower Energy Management is a leading, national energy solutions provider guiding customers towards a clean and dependable energy future. We manage more than 5.3 GW of customer capacity across the U.S., forming virtual power plants that are good for the grid and great for the community. CPower maximizes the value of our customers' electricity loads, facility assets and distributed energy resources while delivering flexibility, capacity and other ancillary services to the grid. With more than two decades of experience, we've grown to offer more than 55 local energy programs, partnering with grid operators and utilities to serve more than 12,000 sites, delivering approximately 7,000 metric tons of CO2 reductions in 2020 alone. CPower is based in Baltimore, Maryland and is owned by LS Power, a development, investment and operating company focused on the power and energy infrastructure sector. For more information, visit: cpowerenergymanagement.com.
About Resideo Energy Management
Resideo's Energy Management business offers peak demand reduction, automated energy efficiency, behavioral energy efficiency, and automated time of use for customers across the U.S. Resideo's energy-saving devices helped its customers save 1.2 Billion Kilowatt hours in 2020. Already working with major utilities across the nation, the company recently expanded to include additional distributed energy resources. For additional information, visit ConnectedSavings.com.
About Resideo
Resideo is a leading global manufacturer and distributor of technology-driven products and solutions that provide comfort, security, energy efficiency and control to customers worldwide. Building on a 130-year heritage, Resideo has a presence in more than 150 million homes, with 15 million systems installed in homes each year. We continue to serve more than 110,000 professionals through leading distributors, including our ADI Global Distribution business, which exports to more than 100 countries from nearly 200 stocking locations around the world. For more information about Resideo, please visit www.resideo.com.
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| 2022-04-21T12:37:30Z
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Curaleaf will begin serving its first adult-use customers at its Bellmawr dispensary on April 21
WAKEFIELD, Mass., April 21, 2022 /PRNewswire/ -- Curaleaf Holdings, Inc. (CSE: CURA /OTCQX: CURLF) ("Curaleaf" or the "Company"), a leading international provider of consumer products in cannabis, today announced that it has been approved by the New Jersey Cannabis Regulatory Commission to commence adult-use cannabis sales. Starting today, April 21, 2022, the Curaleaf dispensary in Bellmawr will begin serving adult-use customers, with Edgewater Park and Bordentown to quickly follow.
During this period of expansion, patient care for individuals licensed under New Jersey's Medical Marijuana Program will remain Curaleaf's top priority at all New Jersey retail locations. In anticipation of increased demand, the Company has tripled its cultivation capacity to ensure that medical patient supply is prioritized in the event of a product shortage. Additionally, Curaleaf will implement the following designated medical patient services for individuals who qualify:
- Private consultation areas
- Secure online ordering systems
- Expanded parking with dedicated spots for licensed medical patients
- Separate medical-patient only lines and check outs
- Two hours of operation every day dedicated solely to serving licensed medical patients, totaling 14 hours each week at each dispensary.
On April 21, adult-use consumers over 21 can purchase up to one ounce of cannabis per day at Curaleaf Bellmawr located at 640 Creek Road. Adult-use customers can choose from a product assortment that includes innovative products such as Select Squeeze, a fast-acting THC beverage enhancer, as well as traditional inhalable products including Curaleaf 3.5g flower jar, the Curaleaf 1g pre-roll and Curaleaf .5g vape cartridge. Shortly after launching, Curaleaf New Jersey will also offer its expanded assortment of award-winning Select products, including Select Bites and Select Elite vape cartridges, pending regulatory approvals.
"The launch of New Jersey's adult-use marketplace is a major step forward for the cannabis industry and it is a privilege to be among the inaugural group of licensees that will mark the beginning of the state's adult-use market," said Joe Bayern, CEO of Curaleaf. "Our local teams look forward to building strong relationships with new consumers while deepening our ties with the medical community. Providing top-tier medical patient care remains our main priority and we have adopted considerable safeguards to make sure they can seamlessly access products to find relief. We thank you for your continued support as we join the state of New Jersey on this historic journey."
As New Jersey's cannabis market continues to evolve, Curaleaf will maintain a direct line of communication with members of the local medical cannabis community. For more information on Curaleaf's locations, patient resources and products in New Jersey, please visit www.curaleaf.com/dispensary/new-jersey.
About Curaleaf Holdings
Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) ("Curaleaf") is a leading international provider of consumer products in cannabis with a mission to improve lives by providing clarity around cannabis and confidence around consumption. As a high-growth cannabis company known for quality, expertise and reliability, the Company and its brands, including Curaleaf and Select, provide industry-leading service, product selection and accessibility across the medical and adult-use markets. In the United States, Curaleaf currently operates in 23 states with 128 dispensaries, 26 cultivation sites, and employs over 5,600 team members. Curaleaf International is the largest vertically integrated cannabis company in Europe with a unique supply and distribution network throughout the European market, bringing together pioneering science and research with cutting-edge cultivation, extraction and production. Curaleaf is listed on the Canadian Securities Exchange under the symbol CURA and trades on the OTCQX market under the symbol CURLF. For more information, please visit https://ir.curaleaf.com.
FORWARD-LOOKING STATEMENTS
This media advisory contains forward–looking statements and forward–looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward–looking statements or information. Generally, forward-looking statements and information may be identified by the use of forward-looking terminology such as "plans", "expects" or, "proposed", "is expected", "intends", "anticipates", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. More particularly and without limitation, this news release contains forward–looking statements and information concerning Curaleaf's adult-use license in the state of New Jersey. Such forward-looking statements and information reflect management's current beliefs and are based on assumptions made by and information currently available to the company with respect to the matter described in this new release. Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and risks and uncertainties is contained under "Risk Factors and Uncertainties" in the Company's latest annual information form filed March 9, 2022, which is available under the Company's SEDAR profile at http://www.sedar.com, and in other filings that the Company has made and may make with applicable securities authorities in the future. Forward-looking statements contained herein are made only as to the date of this press release and we undertake no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. We caution investors not to place considerable reliance on the forward-looking statements contained in this press release. The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.
INVESTOR CONTACT
Curaleaf Holdings, Inc.
IR@curaleaf.com
MEDIA CONTACT
Curaleaf Holdings, Inc.
Tracy Brady, VP Corporate Communications
Media@curaleaf.com
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| 2022-04-21T12:37:39Z
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Exploring feasibility of a giga-watt-scale green hydrogen and ammonia production plant to introduce new decarbonization technologies to the region
HOUSTON, April 21, 2022 /PRNewswire/ -- CWP Global has selected Bechtel to support developments of large-scale green hydrogen and ammonia facilities. The agreement creates a platform for the partnership to provide ongoing conceptual and early planning solutions in selecting optimal integrated configurations for the facilities.
"We're thrilled to be partnering with Bechtel on conceptual and planning solutions for one of our flagship green hydrogen projects in Africa," said Alex Hewitt, CWP Global CEO. "Their technological and scientific expertise will allow us to accelerate the next stage of project development, and keep us on the right track to deliver the first million tons of green hydrogen and ammonia by 2028, helping CWP Global support the decarbonization of key global industries on the road to net zero."
"Bechtel is focused on energy transition projects as part of our commitment to support the world's path to Net Zero. We are excited to work with customers like CWP who are committed to decreasing carbon emissions and shaping the future of energy," said Jamie Cochrane, manager of Energy Transition at Bechtel. "Large-scale, complex green ammonia production projects will decarbonize global energy consumption. We continue to provide both technical solutions and global mega project planning and execution capabilities to help our customers deliver these projects."
CWP has successfully developed, financed and built over 1.5 GW of renewable energy projects in Europe and Australia, and is currently developing upwards of 140 GW of renewable energy capacity intended for the production of green hydrogen and its derivatives on three continents.
Bechtel Energy Technologies & Solutions (BETS), a group focused on helping customers accelerate their path to net zero, will support CWP on their next steps towards developing and building complex green hydrogen hubs. CWP benefits from leveraging Bechtel's track record in engineering large-scale projects combined with rich process optimization and energy integration expertise of BETS. The overall assessment will include recommendations for a techno-economic implementation plan, starting with how electrolyzer capacity requirements align with location specific design challenges, cooling water supply, and wastewater disposal for CWP Global's portfolio of green projects.
About CWP Global
CWP is a pioneer developer of innovative, large-scale renewable energy across four continents, with a proven track record of designing, financing and operating utility-scale wind and solar, and a fast-growing portfolio of groundbreaking green hydrogen projects.
The CWP Global mission is to turbocharge the necessary decarbonization of the global energy sector, supporting the energy transition with high impact projects, particularly in traditionally fossil-fuel-reliant countries and regions where renewables have the potential to underpin a new, green industrial revolution. It has over 140 GW of green hydrogen under development in three continents and is developing 2 GW of grid-connected renewables projects in Bulgaria, Serbia and Romania.
About Bechtel
Bechtel is a trusted engineering, construction and project management partner to industry and government. Differentiated by the quality of our people and our relentless drive to deliver the most successful outcomes, we align our capabilities to our customers' objectives to create a lasting positive impact. Since 1898, we have helped customers complete more than 25,000 projects in 160 countries on all seven continents that have created jobs, grown economies, improved the resiliency of the world's infrastructure, increased access to energy, resources, and vital services, and made the world a safer, cleaner place.
Bechtel serves the Energy; Infrastructure; Nuclear, Security & Environmental; Manufacturing & Technology, and Mining & Metals markets. Our services span from initial planning and investment, through start-up and operations. www.bechtel.com
Media Contact:
Nicole Connolly
C: 412-251-8313
nconnoll@bechtel.com
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| 2022-04-21T12:37:48Z
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Study Reveals Important Findings About Account-Based Marketing and Sales Strategies and Mindsets In Europe
SAN FRANCISCO, April 21, 2022 /PRNewswire/ -- Demandbase, the Smarter GTM™ company for B2B brands, today announces the results of its study into account-based marketing and sales in Europe. On the heels of its own international growth, the organization wanted to better understand the geographical and cultural similarities and differences in how teams approach account-based strategies globally. To that end, they surveyed and interviewed senior marketers based in the UK, Germany and Benelux on topics like account-based marketing maturity, common challenges, and preferred strategies from leading practitioners.
"We've been growing rapidly across Europe and other regions, so our customer base has naturally become a lot more diverse as well," says Paul Gibson, EMEA Vice President for Demandbase. "Our goal with this study was to discover what unites and divides us on these issues in different parts of the world and, more importantly, to unlock further secrets to account-based success. We learned a lot through this research, like how many of the leading B2B companies are facing the same issues no matter where they're based. With this new intel, we can continue to advance the industry and better serve B2B leaders everywhere."
Specifically, the report covers:
- Guidance for account-based success, as told by sales and marketing leaders from world-renowned B2B companies.
- A review of the maturity of account-based strategies across different European markets.
- Insight into how European marketing and sales teams have overcome their pain points through effective account-based marketing (ABM) evolution.
- An overview of how leading companies have worked to overcome go-to-market (GTM) fragmentation through working smarter, not harder.
One of the most insightful findings was that B2B leaders cited the common challenge of fragmentation caused by data silos, disconnected systems, channels, processes and teams. As such, they struggle to see accounts clearly and engage them effectively. This emphasizes the need for B2B organizations around the world to change their approach and prioritize account intelligence, which brings together buying signals from an account, enriches it with reliable third-party data, and makes sense of it with AI. From this, B2B marketers and salespeople can see opportunities earlier, progress deals faster, and drive growth further. This is what Demandbase calls Smarter GTMTM.
Download the full report here, or watch the on-demand webinar in which Demandbase experts weigh in on the findings of this report, and give recommendations based on the evidence.
About Demandbase
Demandbase is Smarter GTMTM for B2B brands. We help marketing and sales teams spot the juiciest opportunities earlier and progress them faster by injecting Account Intelligence into every step of the buyer journey and orchestrating every action. For more information about Demandbase, visit www.demandbase.com.
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| 2022-04-21T12:37:54Z
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NEW YORK, April 21, 2022 /PRNewswire/ -- Emerging Markets Horizon Corp. (the "Company") announced today that, on April 17, 2022, Riccardo Orcel informed the Company that he intends to resign from his positions as Chief Executive Officer and member of the Board of Directors (the "Board") of the Company, effective April 21, 2022. Concurrently with his resignation, Mr. Orcel and EM Horizon Investments, the Company's sponsor (the "Sponsor"), agreed to suspend indefinitely Mr. Orcel's voting and management rights in the Sponsor. Mr. Orcel's resignation was not the result of any dispute or disagreement with the Company or the Board on any matter relating to the Company's operations, policies or practices.
In connection with Mr. Orcel's resignation, on April 21, 2022, the Board appointed Jonathan Neill, the Company's current Chief Financial Officer, as Chief Executive Officer of the Company, to serve on an interim basis, effective immediately. Concurrently with his appointment as interim Chief Executive Officer, Mr. Neill resigned from his position as Chief Financial Officer of the Company, though he will remain a member of the Board. On the same date, the Board appointed Christopher Edwards as a member of the Board and Chief Financial Officer of the Company, to serve on an interim basis, effective immediately.
Jonathan Neill is Chairman and Chief Investment Officer of FPP Asset Management LLP, an affiliate of the Sponsor. Christopher Edwards is director and Chief Financial Officer at FPP Asset Management LLP.
The Company also announced today that, on April 19, 2022, it received a notice (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") stating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule") because it failed to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the "Form 10-K") with the Securities and Exchange Commission ("SEC"). The Listing Rule requires listed companies to timely file all required periodic financial reports with the SEC.
The Notice stated that the Company has sixty days from the date of the Notice to submit a plan to regain compliance with the Rule. If Nasdaq accepts the Company's plan, it has the discretion to grant the Company an extension of up to 180 calendar days from the due date of the Form 10-K (or until October 12, 2022) to regain compliance. The Notice has no immediate effect on the listing of the Company's securities on Nasdaq.
As previously disclosed in the Company's Form 12b-25 filed on March 31, 2022, the Company was unable to file the Form 10-K by the required due date of March 31, 2022. The Company was unable to file its Form 10-K by the extended filing date pursuant to Rule 12b-25 due to additional delays in completing the audit of the financial statements included in the Form 10-K arising from Riccardo Orcel's relationship with Polymetal International plc and the Company's historical relationship with VTB. The Company is working diligently to address these issues and file its Form 10-K as soon as practicable.
About Emerging Markets Horizon Corp.
Emerging Markets Horizon Corp. is a blank check company focused on Western Europe, Central & Eastern Europe, the Commonwealth of Independent States (excluding Russia and Belarus) and Latin America, whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company is sponsored by EM Horizon Investments, which is controlled by FPP Capital Advisers (an affiliate of FPP Asset Management LLP) and Riccardo Orcel.
Cautionary Statement Concerning Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements." Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the "Risk Factors" section of the Company's registration statement and prospectus for the offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
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| 2022-04-21T12:38:00Z
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Phase 1 trial with cancer-targeting adenovirus enhanced with a TGFβ Trap continues to investigate safety and anti-tumor activity in patients with advanced cancer
TORREY PINES, Calif., April 21, 2022 /PRNewswire/ -- EpicentRx Inc., a leading-edge immunotherapy company using groundbreaking science to treat cancer and multiple inflammatory-driven diseases, today announced the initiation of the next stage of its Phase 1 trial, BETA-PRIME, with AdAPT-001, a TGF-beta (TGFß) trap-enhanced cancer targeting adenovirus. This milestone marks the successful completion of the first part of the Phase 1 trial where nine patients were enrolled in a 3+3 dose escalation and evaluated for safety, tolerability, and optimal dose level of AdAPT-001. Based on favorable safety observations the study will transition to the next stage, enrolling additional patients at the highest evaluated dose of AdAPT-001 with treatment given every 2 weeks. This next stage of the trial will precede the final stage of the BETA-PRIME study where a checkpoint inhibitor will be combined with AdAPT-001.
"We are very encouraged with the early safety and tolerability results seen in the first part of this Phase 1 study, and the clinical data is consistent with the favorable safety profile observed in preclinical studies," said Tony R. Reid, M.D., Ph.D., Chief Executive Officer of EpicentRx. "The patients we are enrolling in this study have resistant cancer which requires newer agents that are well-tolerated and attack the tumor in a non-traditional way. Our hope is that AdAPT-001 may prove to be that therapeutic option for these patients."
TGFß, a protein that inhibits the activity of the immune system as a safeguard against severe inflammation and autoimmunity, is hijacked by cancer cells to escape immune elimination. Therapeutically resistant cancer is an area of high unmet medical need, which this triple combination strategy involving the AdAPT-001 cancer targeting virus armed with a TGFß trap and a checkpoint inhibitor intends to address.
About AdAPT-001
AdAPT-001 is an oncolytic virus which is part of the company's proprietary AdAPT Immunotherapy Platform, a platform developed on a genetically modified version of the human adenovirus, better known as the "common cold", that has been uniquely designed to preferentially infect and kill cancer cells. Currently in an ongoing Phase 1 trial for solid tumors, AdAPT-001 encodes a ligand trap comprised of the ligand-binding domain of the TGF-β receptor, which is fused to the portion of the human antibody known as the Fc domain.
About EpicentRx Inc.
EpicentRx is a clinical-stage biopharmaceutical company with a complementary pipeline of small molecules and cancer targeting virus platforms that represent the next frontier in treating patients with diseases of significant unmet need. With two platforms, CyNRGY and AdAPT, EpicentRx has developed therapies and novel drug delivery devices that fine tune the inflammatory response, turning it ON in cancer and turning it OFF in diseases like Alzheimer's, Parkinson's, and congestive heart failure, with emphasis on not just treating the disease but improving quality of life. For more information, visit www.epicentrx.com.
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| 2022-04-21T12:38:06Z
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Smallest, Lightest, and Quietest Peritoneal Dialysis Cycler Aims to Accelerate Adoption of Home Therapy
WALTHAM, Mass., April 21, 2022 /PRNewswire/ -- The U.S. Food and Drug Administration (FDA) has awarded 510(k) clearance to the Versi™PD Cycler System*, a next generation portable automated peritoneal dialysis (APD) system from Fresenius Medical Care North America (FMCNA). VersiPD is the lightest, smallest, and quietest dialysis cycler in the United States.
As the nation's leading provider of kidney care products, Fresenius Medical Care is developing new innovative technologies that are designed to accelerate growth of home therapies by making home dialysis systems smarter, more intuitive, and easier to use for people living with kidney failure. VersiPD is simple, quiet, portable, and advanced, and is designed to improve health equity by making home therapy a more feasible option for a broader population of dialysis patients.
"The clearance of VersiPD is another important step in our effort to make home therapies easier for patients and more efficient for clinicians," said Joe Turk, President of FMCNA's Renal Therapies Group. "We have listened closely to what patients and clinicians want in a home dialysis experience and have brought those ideas into the heart of this innovative system."
Designed from the ground-up to enhance the patient experience, VersiPD will allow patients to enjoy restful sleep through its almost silent operation, fewer disruptive alarms, and night mode. The cycler has the capability of more personalized prescription programming to meet the individual needs of a broad range of patients. VersiPD offers a large, intuitively designed touchscreen, as well as embedded videos with audio guidance to assist patients step by step through setup and treatment. The cycler battery and custom cart facilitate mobility around the home which can further improve a patient's quality of life.
VersiPD is supported by the Kinexus™ Therapy Management Platform, a connected health system that aims to improve patient outcomes and nurse productivity through remote therapy monitoring and programming capabilities. The Kinexus platform is also available with the Liberty® Select Cycler and is designed to be fully compatible with the company's future portfolio of home dialysis machines. Connected Health is associated with reduced hospitalizations, technique failure, and patient dropout; and increased average patient's length of stay on peritoneal dialysis.1, 2
"We believe that our new VersiPD will empower more patients to reclaim their freedom and independence, while further enabling care teams to better support patients and intervene more quickly when necessary," said Dr. Mike Anger, Chief Medical Officer for FMCNA's Renal Therapies Group. "We know most patients can be successful dialyzing at home with the right technology and support, and this new cycler is an important milestone in our journey to truly transform dialysis care."
VersiPD will begin a limited rollout in 2022 with more widespread availability planned in 2023 and beyond.
For more information about FMCNA products, please visit: https://fmcna.com/versipd
- Chaudhuri S, Han H, Muchiutti C, et al. Remote Treatment Monitoring on Hospitalization and Technique Failure Rates in Peritoneal Dialysis Patients. Kidney360. 2020;1(3):191 LP - 202. doi:10.34067/KID.0000302019
- Giles H, Ficociello L, Li Y, Ofsthun N, Kossmann R. Remote Patient Monitoring and Longevity on Peritoneal Dialysis [Abstract presented at 39th Annual Dialysis Conference]. Perit Dial Int. 2019;39(1_suppl):S4. doi:10.1177/089686081903901s01
Indications for Use: The Versi™PD Cycler System is indicated for adult chronic peritoneal dialysis in home and clinical settings.
Note: Read the Instructions for Use for safe and proper use of this device. For a complete description of hazards, contraindications, side effects, and precautions, see full package labeling at fmcna.com.
Caution: Federal (U.S.) law restricts this device to sale by or on the order of a physician.
Use: The Kinexus Portal is intended to allow clinicians to review patient data collected from the patient's home dialysis device(s) and to enable physicians to manage patients' home dialysis therapies for certain Fresenius products, including peritoneal dialysis cycler(s). The Kinexus Portal does not provide medical diagnoses or recommendations regarding medical treatment. The Kinexus Portal and the content appearing on this site are not substitutes for professional medical advice, diagnosis, or treatment.
Use: The Kinexus Gateway is intended for transmission of home dialysis therapy data and patient data for patients using certain Fresenius products, including peritoneal dialysis cycler(s).
* Previously known as Lilliput™ APD System
About Fresenius Medical Care North America
Fresenius Medical Care North America (FMCNA) is the premier healthcare company focused on providing the highest quality care to people with renal and other chronic conditions. Through its industry-leading network of dialysis facilities and outpatient cardiac and vascular labs, Fresenius Medical Care North America provides coordinated healthcare services at pivotal care points for hundreds of thousands of chronically ill customers throughout the continent. As the world's largest fully integrated renal company, it offers specialty pharmacy and laboratory services, and manufactures and distributes the most comprehensive line of dialysis equipment, disposable products, and renal pharmaceuticals. For more information, visit the FMCNA website at https://fmcna.com/.
Disclaimer
This release contains forward-looking statements that are subject to various risks and uncertainties. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including changes in business, economic and competitive conditions, regulatory reforms, foreign exchange rate fluctuations, uncertainties in litigation or investigative proceedings, and the availability of financing. These and other risks and uncertainties are detailed in Fresenius Medical Care AG & Co. KGaA's reports filed with the U.S. Securities and Exchange Commission. Fresenius Medical Care AG & Co. KGaA does not undertake any responsibility to update the forward-looking statements in this release.
Media Contact:
Brad Puffer
Fresenius Medical Care North America
781-699-3331
Brad.Puffer@freseniusmedicalcare.com
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| 2022-04-21T12:38:12Z
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In today's hot sellers' market, winning buyers finance first and shop later
SEATTLE, April 21, 2022 /PRNewswire/ -- Today's supercharged housing market has flipped the traditional home-buying journey on its head. Nationally, with 22.5% fewer for-sale listings than last year and homes flying off the market in just nine days, aspiring homeowners need to change their approach to win the deal. Home shopping used to be the first step in the process; now home buyers need to finance first if they want to be competitive. Zillow is sharing the five new steps of home buying ahead of what could be the hottest spring home-shopping season ever.
Step 1: Finance first.
Countless shoppers have fallen in love with a home on Zillow only to later learn it's outside their budget. Shoppers can avoid the heartbreak by starting with a mortgage calculator and Zillow's affordability tools to understand what factors impact affordability and what they can realistically afford on a monthly basis as mortgage rates rise. Aspiring buyers can also see which down payment assistance programs may be available to them in every home listing on Zillow.
In today's market, buyers can strengthen their offer by getting pre-approved for a mortgage versus getting a pre-qualification or an unverified pre-approval. With a pre-approval, all qualifying documents, such as income and assets, are verified by the lender. A new Zillow survey finds 86% of sellers prefer a buyer who has been pre-approved, as opposed to pre-qualified, for a mortgage. And for good reason: Zillow research finds that issues with money, mortgage or financing is the number-one reason sellers cite for an offer falling through. Buyers can start the pre-approval process online.
This is also the time to shop for a lender. Zillow research indicates some home buyers can save tens of thousands of dollars over the length of their loan if they shop around for the best rate. The difference of just one percentage point in higher interest could add more than $200 to a monthly payment on a typical U.S. home and nearly $75,000 over the course of a 30-year mortgage. Buyers can compare multiple lenders on Zillow's online mortgage marketplace.
Step 2: Hire the right agent.
Buyers who mean business should hire the right professional for the job. A trusted local agent can act as an expert guide during the home-buying journey and share informed, objective advice and emotional support along the way. A seasoned pro can address a buyer's specific needs and also knows how to best position their client in a bidding war or a tough negotiation, providing a competitive edge.
Hiring the wrong agent can be a recipe for regret. A Zillow survey finds 24% of recent buyers say they wished they had hired a different agent.
Buyers can click Agent Finder on the Zillow homepage to search for local agents, read customer reviews and check out an agent's recent sale history before interviewing their top candidates. Hiring an agent early in the process allows shoppers to tour homes and make offers quickly.
Step 3: Shop smarter with tech.
Home shopping, traditionally the first step toward homeownership, can be more efficient once aspiring buyers have secured financing and hired the right agent. That puts them in a stronger position to act quickly in a fast-moving market.
Buyers can get another time advantage by embracing new real estate technology. Tools like Zillow's Homes to Compare lets shoppers choose and evaluate as many as five saved properties side by side, all on one page, allowing them to make smarter, faster decisions. Meanwhile, virtual 3D home tours and interactive floor plans give shoppers an immersive experience of a home from their own living room, allowing them to quickly narrow down their options and tour fewer homes in person. Nearly 70% of recent home buyers (68%) say 3D tours would give them a better feel for a space than static photos.
Step 4: Make your strongest offer.
Cash is king in today's hot market, but it's not the only way to win the deal. According to Zillow research, 41% of agents say a cash offer is the most effective strategy for landing a home. When that's not an option, agents say, they've sweetened the deal with a higher down payment or more earnest money to get their client's offer to stand out. About one-quarter of agents say they always submit their client's offer before the offer review date.
Unconventional strategies can also be successful. Buyers might think about offering a leaseback, throwing the seller a pizza party or sending flowers.
Step 5: Close the deal.
Closing costs can add up to 2%–5% of a home's purchase price. To reduce those costs, buyers can shop online for qualified title and escrow companies, such as Zillow Closing Services, and compare ratings and customer reviews. To help support an on-time closing, it is important that home buyers are prepared with the necessary documents and responsive to questions from their closing representative.
Buyer beware: Two strategies to avoid
Buyers would be wise to avoid two risky and unnecessary moves: waiving an inspection contingency and writing a letter to the seller. An inspection can identify major structural, mechanical or safety issues, which could be extremely costly to repair and cause buyer's remorse. In addition, Zillow's Consumer Housing Trends Report finds a vast majority of successful buyers (88%) won their home without waiving the inspection.
So-called "love letters" can reveal demographic information about the buyer and unlawfully sway a seller, putting both buyers and their agents at risk of violating the Fair Housing Act. According to Zillow's survey of Premier Agent partners, these letters are also the least successful strategy for winning the deal.
Aspiring home buyers are expected to face another spring market marked by affordability challenges and plenty of competition. The new steps of home buying can help them get a leg up, save time and enter the market with more confidence. Zillow can help at every step of the journey with this homebuyer's checklist, and the products, technology and partners that make it easier to move.
About Zillow Group
Zillow Group, Inc. (NASDAQ: Z and ZG) is reimagining real estate to make it easier to unlock life's next chapter.
As the most visited real estate website in the United States, Zillow® and its affiliates offer customers an on-demand experience for selling, buying, renting or financing with transparency and nearly seamless end-to-end service. Zillow Home Loans™, our affiliate lender, provides our customers with an easy option to get pre-approved and secure financing for their next home purchase. Zillow recently launched Zillow Homes, Inc., a licensed brokerage entity, to streamline Zillow Offers transactions.
Zillow Group's brands, affiliates and subsidiaries include Zillow®; Zillow Offers®; Zillow Premier Agent®; Zillow Home Loans™; Zillow Closing Services™; Zillow Homes, Inc.; Trulia®; Out East®; StreetEasy® and HotPads®. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org).
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| 2022-04-21T12:38:18Z
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ATLANTA, April 21, 2022 /PRNewswire/ -- Focus Brands®, parent company of iconic brands including Auntie Anne's®, Carvel®, Cinnabon®, Jamba®, McAlister's Deli®, Moe's Southwest Grill® and Schlotzsky's®, announced today that Tim Voss is joining the company as its new Chief Technology Officer.
"Focus Brands is undergoing a major transformation in the digital and technology space, so it is critical to have a strong leader to help drive change across the business," said Jim Holthouser, CEO of Focus Brands. "Having the right technology in place will add value to our franchisees and provide a greater experience for our guests. With Tim's proven track record for driving tech and digital evolution, we are set up for continued success."
As Chief Technology Officer, Tim will oversee the technology piece of all digital channels, with the primary goal of leveraging technology to create more user-friendly ecommerce and loyalty platforms and programs. There will be a continued focus on retail IT, store POS systems and data security. That will be led by Focus Brands Chief Information Officer, Steve Roach, who will report directly to Tim.
Tim joins Focus Brands from Gem Shopping Network where he served as Chief Technology Officer, overseeing all operations, technology, and the company's digital transformation. He has also led digital transformations and consulted with some of the world's most recognized brands such as Estée Lauder, Citigroup, Reuters and Wyndham Worldwide. Additionally, he has served on advisory boards for Fortune 500 IT companies such as Cisco, Symantec, Lenovo and HCL.
About Focus Brands
Atlanta-based Focus Brands is a leading developer of global multi-channel foodservice brands. Focus Brands, through its affiliate brands, is the franchisor and operator of more than 6,000 restaurants, cafes, ice cream shoppes, and bakeries in the United States, the District of Columbia, Puerto Rico, and over 50 foreign countries under the brand names Auntie Anne's®, Carvel®, Cinnabon®, Jamba®, Moe's Southwest Grill®, McAlister's Deli®, and Schlotzsky's®, as well as Seattle's Best Coffee® on certain military bases and in certain international markets. Please visit www.focusbrands.com to learn more.
Contact:
Abby Leary
aleary@focusbrands.com
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| 2022-04-21T12:38:24Z
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Instant Brands, Vorwerk, and others invest in Fresco to establish the company as the neutral platform for the digital future
DUBLIN, April 21, 2022 /PRNewswire/ -- Fresco, the leading smart kitchen platform, today announced that it has closed $20 million in financing led by three international appliance brands; Instant Brands, Vorwerk, and a third that will be announced later as part of a new partnership. All of the company's existing venture investors also participated. The funding will be used to build a world-leading experience for the connected kitchen.
Smart kitchen appliance users are projected to reach 248 million worldwide by 2027, according to Statista. The Fresco KitchenOS platform is designed to facilitate the transition to that future for both appliance makers and users. Fresco connects any compatible appliance–across brands–so that cooks can focus on preparing meals. The company has adopted the "connects with Fresco" brand to certify appliances that can be controlled from smartphones, tablets, smart speakers, and smart home assistants. Consumers can use the Fresco app to guide their cooking to prepare better and more creative meals.
"We know that every kitchen has appliances from different brands. Now through this Fresco platform, our partners are forming alliances across the whole kitchen, enabling the promise of the smart kitchen," said Fresco co-founder and CEO Ben Harris. "To our appliance partners, Fresco provides end-to-end solutions to make any appliance smart: firmware; IoT modules; cloud services, and apps that pull it all together. Combined with the Fresco app, our step-by-step smart recipes inspire and guide home cooks to perfect results."
Future partners will also be given the opportunity to invest in Fresco. The first cohort of appliance partners to invest includes leading appliance brands: Instant Brands, maker of the iconic Instant Pot; Vorwerk, the company behind fan-favorite, all-in-one multicooker Thermomix TM6; and a third major appliance manufacturer to be announced later in the year. These preeminent appliance manufacturers are investing in the Fresco KitchenOS because they believe the company is positioned to make the promise of the smart kitchen a reality.
"Instant Brands and Fresco are working together to develop innovative breakthroughs in the kitchen, and beyond," said Ben Gadbois, CEO and President of Instant Brands. "This investment deepens our partnership further and supercharges these initiatives."
Fresco will use the investment proceeds for working capital to expand its workforce and invest in improvement in its digital platform and related applications.
About Fresco
Fresco is the only technology that seamlessly brings appliances, home cooks, and recipes together. Partnering with the world's biggest appliance makers like BOSCH, Electrolux, GE Appliances, Instant Brands, Kenwood, LG Electronics, Panasonic, and Thermomix, Fresco knows that almost no kitchen has appliances from a single brand. The KitchenOS combined with the Fresco app, is the seamless way consumers interact with their kitchen through whatever interface or appliance they choose. Founded in 2012, Fresco currently operates globally and has offices in Dublin, Ireland, and Zaragoza, Spain. To learn more visit: https://frescocooks.com/.
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| 2022-04-21T12:38:30Z
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Streaming accounted for nearly 30% of overall usage; total viewing dropped 4.2% from February
NEW YORK, April 21, 2022 /PRNewswire/ -- The Gauge, the monthly total TV and streaming snapshot from Nielsen (NYSE: NLSN), showed that streaming captured its largest share of total television usage ever in March, making up nearly 30% of overall viewing time. Despite a 0.7% decrease in time spent streaming from February, viewing share across all streaming platforms was either flat or gained slightly in March. Most notably, the "Other Streaming" subset, which includes any high-bandwidth video streaming on TV that is not individually broken out, increased its share by 0.3% as more streaming platforms continue to gain traction.
As a whole, total television usage was down in March, decreasing by 4.2% versus February. Cable stood out as the only viewing category to see an increase in both share and volume, jumping 1.6 share points from last month. Cable news viewing was up 14% from February and accounted for 21% of the cable share, driven by continuing news coverage of the Russia-Ukraine war.
Broadcast viewing was down 1.1 share points from February, impacted by a 53% decrease in sports viewing, as it was a challenge to replace the amount of viewership from the Winter Olympics and the Super Bowl. Drama programming stood out as the genre of choice for many broadcast consumers in March, increasing viewership by 17% from February and accounting for one-third of broadcast's share. While broadcast news consumption remained relatively flat at 14% of broadcast viewing, the volume of broadcast news programming dropped 6% versus the prior month.
Measuring and monitoring consumers' streaming behavior in a comparable way against linear TV usage is a critical source of information for the industry as content creators, media companies, streaming platforms, advertisers, industry groups, talent agencies and the talent themselves all seek clarity around the various video content that consumers engage with.
About The Gauge
The Gauge is underpinned by Nielsen's TV ratings service and Streaming Platform Ratings. The latter provides clients with audience measurement data that details the amount of time consumers spend streaming and on which platforms. This broad look at platform usage provides complimentary insights to Nielsen Streaming Content Ratings, which details viewing to subscription-based video on demand (SVOD) content at the title, program and episode level. By showcasing both the micro and macro-level data sets, the industry has a full picture of how this media is being consumed, as well as when and by whom.
Nielsen's approach to audience measurement, which leverages a geographically representative panel of real people and big data, is built for the future of media consumption. With The Gauge, the future of TV consumption is visible in a single view. The latest edition of The Gauge is always available at www.nielsen.com/thegauge.
About Nielsen
Nielsen shapes the world's media and content as a global leader in audience measurement, data and analytics. Through our understanding of people and their behaviors across all channels and platforms, we empower our clients with independent and actionable intelligence so they can connect and engage with their audiences—now and into the future. An S&P 500 company, Nielsen (NYSE: NLSN) operates around the world in more than 55 countries. Learn more at www.nielsen.com or www.nielsen.com/investors and connect with us on social media (Twitter, LinkedIn, Facebook and Instagram).
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| 2022-04-21T12:38:38Z
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- Geek+ has studied how operators interact with automated picking solutions and created a new picking station designed to maximize comfort, safety, and speed
BEIJING, April 21, 2022 /PRNewswire/ -- Geek+, the global leader in AMR technology, has upgraded its flagship goods-to-person system with a new picking station compatible with P-series robots carrying mobile shelves and racks.
Kai Liu, Geek+ Co-Founder and Head of Smart Warehouses, said: "We want to make picking operations safer and less strenuous for warehouse employees. Our robots are there to not only increase efficiency, but also to improve the working environment for operators."
Geek+'s new picking station includes several improved elements: a wrist-worn scanner that eliminates the need for excess walking; a stepladder that locks in place, reducing the danger of falling; and a projector that instantly indicates where goods are to be placed and taken. These key additions are linked to an integrated control box that contains all systems necessary for picking operations and coordination with Geek+ AMRs.
The projector is synchronized with the Geek+ picking system: After the AMR moves the shelf to the picking station, the projector indicates the target slot on the shelf, helping warehouse operators quickly locate the goods.
The stepladder is fitted with four omnidirectional wheels for ease and range of motion. To ensure the safety of the operator, once weight is placed on any step, four anti-slip pedals ensure the ladder does not move, drastically reducing the risk of falls.
The portable scanner, an industrial smart watch, allows the operator to scan goods quickly - literally with a flick of the wrist. The advantages of this are especially notable during peak times, when orders are coming in quickly: The operator can more quickly allocate goods to orders and deal with the high flux and tempo.
The new picking station is compatible with Geek+'s flagship P-series robots. The materials are already available and can be ordered, distributed, and installed worldwide in any setting that makes use of Geek+'s award-winning picking solutions.
About Geek+
Geek+ is a global technology company leading the intelligent logistics revolution. We apply advanced robotics and AI technologies to realize flexible, reliable, and highly efficient solutions for warehouses and supply chain management. Geek+ is trusted by over 500 global industry leaders and has been recognized as the world leader in autonomous mobile robots. Founded in 2015, Geek+ has over 1500 employees, with offices in Germany, the United Kingdom, the United States, Japan, South Korea, Mainland China, Hong Kong SAR, and Singapore.
For more information, please visit: https://www.geekplus.com/
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| 2022-04-21T12:38:44Z
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US federal agencies positioned to improve constituent engagement with leading cloud customer experience orchestration platform Genesys Cloud CX for government
SAN FRANCISCO, April 21, 2022 /PRNewswire/ -- Genesys®, a global cloud leader in customer experience, has received the US Federal Risk and Authorization Management Program's (FedRAMP) In Process designation for the Genesys Cloud CX™ platform for government. With the solution now listed on the FedRAMP Marketplace, the company is working with its agency sponsor toward achieving FedRAMP authority to operate (ATO) at the moderate impact level within one year.
Today, people are accustomed to responsive and personalized digital service. Yet for many federal agencies, aging infrastructure continues to be a major obstacle to meeting these expectations. Furthermore, ongoing economic and societal strains are causing demand for services and information to climb — government organizations are even more pressured to provide consistent and connected experiences.
"Many U.S. Federal Government agencies are on a mission to strengthen the experiences they deliver to constituents but have been challenged to access solutions built for the digital age," said Olivier Jouve, executive vice president and general manager of Genesys Cloud CX. "Through our FedRAMP In Process Genesys Cloud CX solution, we're privileged to help organizations move beyond a transactional approach to a more modern, anticipatory model where constituents feel heard, valued and supported. With real-time listening, understanding, predictive and learning capabilities, we aim to enable every organization to orchestrate rich people-centered experiences every time.
Genesys Cloud CX is an all-in-one cloud contact center solution that enables organizations to deliver frictionless customer and employee experiences across phone, email, chat, text and social channels. Genesys provides a simple way to deploy, operate and scale customer experience orchestration technology from a modern composable cloud platform so organizations can meet the most demanding data security and privacy standards. Achieving FedRAMP Moderate In Process status allows government agencies to adopt and use Genesys Cloud CX capabilities to reimagine, automate and scale their constituent experiences.
FedRAMP is a US government program that provides a standardized approach to security assessment, authorization, and continuous monitoring for cloud products and services. FedRAMP In Process designation is a required step prior to achieving full FedRAMP authorization.
Learn more about Genesys Cloud CX for government.
About Genesys
Every year, Genesys orchestrates billions of remarkable customer experiences for organizations in more than 100 countries. Through the power of our cloud, digital and AI technologies, organizations can realize Experience as a ServiceSM our vision for empathetic customer experiences at scale. With Genesys, organizations have the power to deliver proactive, predictive, and hyper personalized experiences to deepen their customer connection across every marketing, sales, and service moment on any channel, while also improving employee productivity and engagement. By transforming back-office technology to a modern revenue velocity engine Genesys enables true intimacy at scale to foster customer trust and loyalty. Visit www.genesys.com.
©2022 Genesys. All rights reserved. Genesys, the Genesys logo, Genesys Cloud CX, Genesys Multicloud CX, Genesys DX and Experience as a Service are trademarks, service marks and/or registered trademarks of Genesys. All other company names and logos may be registered trademarks or trademarks of their respective companies.
Genesys Contacts:
Rachel Faulkner Perez, Genesys
Rachel.faulknerperez@genesys.com
+1 317.403.1781
Nectar Communications
genesys@nectarpr.com
+1 415.399.0181
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| 2022-04-21T12:38:50Z
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WESTON, Fla., April 21, 2022 /PRNewswire/ -- Golden Grail Technology (OTC: GOGY) www.GoldenGrailBeverages.com a fast-growing company with a strategic mission to innovate, build and streamline the growth of its beverage portfolio through fiscally responsible investing today announced its Chief Marketing Consultant Erin Heit will be a guest on the Enterprise Podcast Network (EPN) to talk about being a disruptor and innovator in the beverage industry. To listen to the full interview, click on link https://epodcastnetwork.com/disruption-in-the-marketplace-with-erin-heit-of-golden-grail-technology-corp
The Enterprise Podcast Network, a part of the iHeart Radio Network, is heard in 180 countries and reaches more than 120,000 listeners daily. The site receives thousands of daily visitors and an investor audience who want to listen to emerging business leaders talk about their successes, challenges and what they've learned from the difficulties inherent in growing a successful business.
"Appearing on the EPN network affords the Golden Grail brand the opportunity of sharing our business experience, innovative approach and investment opportunity with an audience of fellow businesspersons as well as an investor audience that's interested in learning about the next big thing, said Erin Heit, Chief Marketing Consultant to Golden Grail. "From raising awareness for our company to imparting the wisdom we've learned and sharing the unique aspects of building a business through true innovation, I am looking forward to the appearance being a positive learning experience for the listening audience at the same time that it may attract interest in our business."
About Golden Grail
Golden Grail Technology (OTC: GOGY) is a fast-growing company with a strategic mission to innovate, build and streamline the growth of its beverage portfolio through fiscally responsible investing. The company targets brands that have a proven sales history, loyal consumer following, retail presence and strong value proposition who need assistance to get to the next few levels. Golden Grail has been actively acquiring brands within emerging beverage categories, such as energy, flavored water and sparkling flavored water. Our robust product offerings reach multiple demographic and lifestyle categories, creating a dynamic, comprehensive and diverse beverage portfolio.
After an acquisition, the company utilizes a series of operational technologies to apply its business expertise, fiscal techniques and various manufacturing processes know-how to improve the economics and performance of each brand while advancing marketing and distribution for its beverage holdings. The company's focus on fiscal management and development of beverage brands, coupled with its rapidly growing and recognizable portfolio of healthy, functional beverages sets Golden Grail apart as a leader in acquiring and advancing existing beverage brands.
For more information on Golden Grail, visit
www.GoldenGrailBeverages.com
Golden Grail's Beverage Portfolio
Cause Water is Pristine Mountain Spring Water with a Cause
We are Doing Our Part … Going Beyond Our Fully Recyclable Can… Cause We Promise to Partner with Other Groups Helping Reduce Global Plastic… Cause Together We Can Make a Difference!
Join The Cause. Drink Cause Water.
Cause Water has three key initiatives be a vessel for change, do your part and encouraging consumers to join the cause, by drinking Cause Water. A fully recyclable aluminum bottle and cap supports its core mission of plastic reduction and ocean preservation. Cause Water can be found in high-end, influential natural food stores along the West Coast.
For more information visit: https://causewater.com/
Tickle Water is a premium sparkling water company dedicated to providing honest and clean hydration. Tickle Water is the first sparkling water in the market created specifically for children, yet enjoyed by all ages, complete with delicious flavors and a recyclable can, making it the perfect beverage for any occasion. Every can of Tickle Water is simply made with premium sparkling water and natural flavors without artificial ingredients, sugar, sodium, or preservatives.
For more information visit http://www.drinkticklewater.com
Trevi Essence Water is a true clean-label beverage with a superior flavor that stays true to the fruit. Trevi has zero sugar, zero calories, no preservatives, no artificial ingredients, gluten free, vegan, kosher and diet friendly. Trevi comes in four delicious flavors Mango Orange, Coconut Lime, Peach and Grapefruit.
For more information visit www.DrinkTrevi.com https://www.facebook.com/DrinkTrevi
https://www.instagram.com/drinktreviwater/
https://twitter.com/drinktreviwater
Spider Energy Drink is packed with serious energy. This formula is the perfect balance of energy boosting B-vitamins, Taurine, Guarana, Ginseng, Key Levels of Amino Acids and herbal extracts. Made with 100% real sugar, Spider Energy is known as one of the best tasting with a fresh-citrus, smooth and refreshing flavor, without the medicinal aftertaste associated with most energy drinks.
For more information visit https://spiderenergydrink.com/
https://www.facebook.com/SpiderEnergyDrink
https://www.instagram.com/spiderenergydrink/
Forward-Looking Statements:
This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise.
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| 2022-04-21T12:38:56Z
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Experienced multi-site healthcare services industry veteran to build new company through acquisitions and organic growth
CHICAGO, April 21, 2022 /PRNewswire/ -- GTCR, a leading private equity firm, today announced that it has entered into a Leaders Strategy™ partnership with Kelly McCrann to form Avryo Health Services, LLC ("Avryo Healthcare"). Based in San Diego, CA, Avryo Healthcare will seek to acquire companies and assets in the multi-site healthcare services industry as part of a strategy to build a market-leading company, with a focus on utilizing new technologies and operating strategies to enhance patient access and experiences.
GTCR, the firm that pioneered The Leaders Strategy™ - finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth - will invest in Avryo Healthcare from its Strategic Growth Fund, a private equity fund with $2.0 billion of limited partner capital commitments. Mr. McCrann is serving as Executive Chairman of Avryo Healthcare and will make a substantial investment alongside GTCR.
Mr. McCrann has over 30 years of experience in the healthcare services industry. Prior to partnering with GTCR, Mr. McCrann most recently served as Chief Executive Officer of EyeCare Partners, the largest vertically-integrated medical vision services provider in the US. He became CEO of EyeCare Partners in 2016 and significantly grew the company via acquisition and organic growth into the largest business in the industry before completing a successful sale of the company in 2019. Prior to leading EyeCare Partners, Mr. McCrann spent more than 25 years in senior leadership roles across healthcare provider services and payor businesses, including within dental, behavioral health, ambulatory infusion and kidney dialysis.
"We are excited to partner with Kelly to build a leading company in the healthcare services industry," said Sean Cunningham, Managing Director and Co-Head of Healthcare at GTCR. "Kelly has an exceptional track record in the multi-site healthcare services space with experience across specialties, including dental and behavioral health, and a history of driving organic, de novo and M&A growth. Kelly's background, industry expertise and strategic vision make him an ideal partner as GTCR commits to build a platform in this attractive industry."
"I am thrilled to partner with GTCR to build Avryo Healthcare into a market-leading company in the multi-site healthcare services space," said Mr. McCrann. "GTCR has deep domain expertise in healthcare, a substantial track record of creatively building platforms in this space, and a long history of backing experienced CEOs and Executive Chairs. With our partnership, Avryo Healthcare is well-positioned to create a compelling platform in healthcare provider services."
"GTCR's formation of Avryo Healthcare with Kelly is another excellent example of The Leaders Strategy™ and builds on our history of successful investments in multi-site healthcare services and the broader healthcare industry," added John Kos, Managing Director at GTCR. "We are excited to create this multi-site healthcare services platform behind Kelly and are actively looking for companies and assets in the sector, including founder-led and sponsor-backed companies."
About GTCR
Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Business & Consumer Services, Financial Services & Technology, Healthcare and Technology, Media & Telecommunications industries. The Chicago-based firm pioneered The Leaders Strategy™ - finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth. Since its inception, GTCR has invested more than $20 billion in over 250 companies. For more information, please visit www.gtcr.com. Follow us on LinkedIn.
About Avryo Healthcare
Avryo Healthcare was formed in April 2022 as a partnership between Kelly McCrann and GTCR. Avryo Healthcare's mission is to build a leading company in the multi-site healthcare provider services industry with a focus on building a company that utilizes new technologies and operating strategies to enhance patient access and experiences. For more information about Avryo Healthcare, please contact (212) 835-7042.
Media inquiries
Andrew Johnson
+1 (212) 835-7042
andrew.johnson@gtcr.com
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| 2022-04-21T12:39:02Z
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$50,000 Donation to Focus on the Organization's Play Defeats Cancer Tour, Playset and Ready Bag Initiatives
SMITHFIELD, Va., April 21, 2022 /PRNewswire/ -- Dedicated to giving back to the communities it serves, Gwaltney® is partnering with Roc Solid Foundation for a fifth consecutive year to help support its mission to build hope for families facing pediatric cancer.
This year, the brand will donate $50,000 toward several Roc Solid Foundation initiatives, including sponsoring the organization's inaugural "Play Defeats Cancer Tour," which will build 30 playsets for families in 30 days across the country, with Gwaltney constructing one of the tour playsets for a family near Miami, Fla. in early May. As a part of the brand's Building On Hope campaign, from June through September, Gwaltney will provide three Roc Solid On Demand (ROD) playsets and three Play It Forward playsets to six families throughout the southeast. Additionally, the brand will participate in the organization's Ready Bag program by hosting a packing party to fill bags with comfort items and essentials for families requiring hospitalization.
"Gwaltney is excited to support various Roc Solid Foundation initiatives for the fifth year in a row," said Chris Braselton, brand manager for Gwaltney at Smithfield Foods. "By being a part of these programs, Gwaltney can continue to give back to our local communities and help families facing pediatric cancer."
Roc Solid Foundation, a nonprofit organization based in Chesapeake, Va., has impacted thousands of families since its inception in 2009. It focuses on the power of play for kids diagnosed with pediatric cancer by surprising them with brand new backyard playsets and Ready Bags.
"This year, Gwaltney has helped us step up our efforts to love and serve families fighting pediatric cancer by supporting our 'Play Defeats Cancer Tour' and many of our other initiatives," said Roc Solid Foundation's Chief Play Officer Eric Newman. "This partnership has allowed us to continue our mission of providing hope for kids year after year, one playset or Ready Bag at a time."
For more information about the partnership or to follow Gwaltney Building On Hope, find the brand on Facebook or visit Gwaltneyfoods.com.
About Gwaltney
Founded in 1870 by P.D. Gwaltney in Smithfield, Va., Gwaltney has made the promise to create delicious and affordable food. With a variety of bacon, hot dogs, lunchmeats and sausage, this dedication proves why Gwaltney Great Dogs are America's number one chicken franks and Gwaltney Great Bologna is America's number one chicken bologna. For more information and family recipes, visit www.GwaltneyFoods.com or follow us on Facebook. Gwaltney is a brand of Smithfield Foods.
About Roc Solid Foundation
Roc Solid Foundation builds hope for kids fighting cancer nationwide through the power of play. The organization distributes Ready Bags to families just after they hear the devastating news that their child has cancer, and then provides backyard playsets so kids have a safe place to play during treatment. Roc Solid currently partners with 85 children's hospitals to distribute Ready Bags, and playsets have been provided to thousands of kids fighting cancer in almost every state across the U.S. For more info, visit www.rocsolidfoundation.org.
About Smithfield Foods, Inc.
Headquartered in Smithfield, Va. since 1936, Smithfield Foods, Inc. is an American food company with agricultural roots and a global reach. With more than 60,000 jobs globally, we are dedicated to producing "Good food. Responsibly.®" and serve as one of the world's leading vertically integrated protein companies. We have pioneered sustainability standards for more than two decades, including our industry-leading commitments to become carbon negative in our U.S. company-owned operations and reduce GHG emissions 30 percent across our entire U.S. value chain by 2030. We believe in the power of protein to end food insecurity and have donated hundreds of millions of food servings to our communities. Smithfield boasts a portfolio of high-quality iconic brands, such as Smithfield®, Eckrich® and Nathan's Famous®, among many others. For more information, visit www.smithfieldfoods.com, and connect with us on Facebook, Twitter, LinkedIn and Instagram.
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| 2022-04-21T12:39:09Z
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SAN JOSE, Calif., April 21, 2022 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it has added support for HDR10+ technology to its VOS®360 cloud streaming platform and XOS software-based advanced media processing solution, enabling richer video experiences with punchier, more dynamic images.
"Harmonic has always fostered innovations that fuel exceptional-quality viewing experiences," said Shahar Bar, senior vice president, video products and corporate development, at Harmonic. "Adding support for HDR10+ technology to our cloud streaming and software-based solutions allows audiences to see every light, shadow and color flawlessly. We're excited to help early adopters of HDR10+ make a giant leap forward in transforming viewing experiences."
HDR10+, a high dynamic range (HDR) technology that is supported by more than 130 companies, adds dynamic metadata to HDR10 source files to optimize the color contrast and image details of each frame of the HDR video to the consumer's display capabilities. The result is an image that more closely represents the original creative intent of directors.
The first trial of HDR10+ technology on the VOS360 cloud streaming platform is underway with Evoca.
"Evoca is an affordable pay-TV service that utilizes both local, over-the-air NEXTGEN TV broadcast stations and internet-delivered programming that is streamed to subscribers and integrated into a single user interface. We are currently trialing the use of HDR10+ on Harmonic's VOS360 platform to eventually provide even higher video quality to subscribers," said Michael Chase, vice president, systems, at Evoca. "Thanks to Harmonic's expertise in video technology innovation, Evoca could become the world's first ATSC 3.0 service that offers an ultra-high-definition channel encoded by HDR10+ for exceptional high dynamic range."
"Harmonic is pioneering better video experiences by adding support for HDR10+ to the VOS360 platform," said Bill Mandel, co-manager of the HDR10+ Technologies LLC. "We look forward to seeing the results of Evoca's HDR10+ trial and are confident viewers will be amazed by the incredible range of colors and detail that HDR video and HDR10+ bring to NEXTGEN TV experiences."
At the 2022 NAB Show, April 24-27 in Las Vegas, Harmonic will showcase its latest innovations in streaming and broadcast delivery in hospitality suites located on the show floor in the West Hall (W8434 and W8436). To schedule a meeting visit https://info.harmonicinc.com/en/nab-show-2022.
Further information about Harmonic and the company's solutions is available at www.harmonicinc.com.
About Harmonic
Harmonic (NASDAQ: HLIT), the worldwide leader in virtualized cable access and video delivery solutions, enables media companies and service providers to deliver ultra-high-quality video streaming and broadcast services to consumers globally. The company revolutionized cable access networking via the industry's first virtualized cable access solution, enabling cable operators to more flexibly deploy gigabit internet service to consumers' homes and mobile devices. Whether simplifying OTT video delivery via innovative cloud and software platforms, or powering the delivery of gigabit internet cable services, Harmonic is changing the way media companies and service providers monetize live and on-demand content on every screen. More information is available at www.harmonicinc.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements concerning Harmonic's business and the anticipated capabilities, advantages, reliability, efficiency, market acceptance, market growth, specifications and benefits of Harmonic products, services and technology are forward-looking statements. These statements are based on our current expectations and beliefs and are subject to risks and uncertainties, including the risks and uncertainties more fully described in Harmonic's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended Dec. 31, 2021, its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K. The forward-looking statements in this press release are based on information available to Harmonic as of the date hereof, and Harmonic disclaims any obligation to update any forward-looking statements.
Harmonic, the Harmonic logo and other Harmonic marks are owned by Harmonic Inc. or its affiliates. All other trademarks referenced herein are the property of their respective owners.
Photo Link: www.202comms.com/Harmonic/Harmonic-VOS360_Cloud_Streaming.jpg
Photo Caption: Harmonic VOS®360 Cloud Streaming Platform
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| 2022-04-21T12:39:15Z
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DogeChat App Will Use DOGE and Other Cryptocurrencies For Payment
VANCOUVER, BC, April 21, 2022 /PRNewswire/ -- Hello Pal International Inc. ("Hello Pal" or the "Company") (CSE:HP) (Frankfurt:27H) OTC:HLLPF), a provider of rapidly growing international live-streaming, language learning and social-crypto platform, announced its plan to launch two 1-on-1 video chatting apps: DogeChat and DoggeChat.
The two apps are 1-on-1 video chatting apps that will be focused on English-speaking markets, especially North America, and will allow users to match with and video chat with other individual users from across the globe, with calls charged on a per-minute basis and paid by the call initiator to the call receiver. The key difference between DogeChat and DoggeChat is that payments in the former will be made in Dogecoin and other cryptocurrencies, whereas payments in the latter will be in fiat currencies made through the Apple Appstore and Google Play Store.
To download Hello Pal, Language Pal, Travel Pal or the proprietary Phrasebooks please visit the IOS or Android store. For information with respect to the Company or the contents of this news release, please contact the Company , KL Wong, CEO, at (604) 683-0911 or visit the website at hellopal.com. Email inquiries can be directed to: investors@hellopal.com.
About the Hello Pal Platform
Information set forth in this news release contains forward-looking statements. These statements reflect management's current estimates, beliefs, intentions, and expectations; they are not guarantees of future performance. Hello Pal cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Hello Pal's control. Such risks and uncertainties are described in Hello Pal's annual and interim financial statements available on www.sedar.com. Accordingly, actual, and future events, conditions and results may differ materially from the estimates, beliefs, intentions, and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Hello Pal undertakes no obligation to publicly update or revise forward-looking information.
THE CSE HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED HEREIN AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
Media Contact:
Hello Pal International Inc.
200 – 500 Denman Street
Vancouver, BC, V6G 3H1, Canada
www.hellopal.com
# 604-683-0911
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| 2022-04-21T12:39:21Z
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American Liver Foundation and Hepatitis B Foundation join forces with patients, medical providers and care partners in virtual two-day event
FAIRFIELD, N.J., April 21, 2022 /PRNewswire/ -- The American Liver Foundation (ALF) and Hepatitis B Foundation will join forces with key stakeholders concerned with identifying and addressing the unmet needs of people living with hepatitis D virus (HDV). The virtual Hepatitis D roundtable, to be held on April 21 and 22, will bring together medical experts, patients, and care partners in the hopes of finding solutions to some of the most vexing issues facing people living with HDV.
HDV can only infect people who are also infected by the hepatitis B virus (HBV); infection can occur simultaneously (co-infection) or after infection with hep B (super-infection). HDV is often called a disease amplifier because it causes HBV to progress more rapidly resulting in cirrhosis or liver failure, making it more deadly.
"There is a vast unmet need to diagnose, treat, and improve the lives of those living with hepatitis D," Chari A. Cohen, DrPH, MPH, senior vice president of the Hepatitis B Foundation, said. "We're confident that the two days of robust discussion will yield valuable new insights and ideas for assisting people living with hepatitis D."
In addition to addressing unmet needs of people living with HDV, the roundtable participants will seek to develop resources to better support and engage people in hepatitis D management, and open hepatitis D patient-doctor lines of communication to prioritize focus on the liver.
"The link between people suffering from hepatitis B and hepatitis D and liver failure has not been well understood," said Lorraine Stiehl, chief executive officer of American Liver Foundation. "That's why we're so pleased to partner with the Hepatitis B Foundation to help find solutions for patients and families struggling with these diseases and help raise awareness around the strong connection to liver failure."
The American Liver Foundation and Hepatitis B Foundation will jointly publish a report highlighting lessons learned from the roundtable, as a resource for people living with hepatitis D and their providers. For more information about hepatitis D, visit Hepatitis Delta Connect, the Hepatitis B Foundation's program dedicated to HDV. Patients and caregivers are invited to join an American Liver Foundation free patient program, "Ask the Experts—Viral Hepatitis (HDV)" on May 19th at 2PM ET featuring leading physicians who will discuss findings and major discussion points from the Hepatitis D Roundtable.
The American Liver Foundation is the nation's largest non-profit organization focused solely on promoting liver health and disease prevention. The American Liver Foundation achieves its mission in the fight against liver disease by funding scientific research, education for medical professionals, advocacy, information and support programs for patients and their families as well as public awareness campaigns about liver wellness and disease prevention. The mission of the American Liver Foundation is to promote education, advocacy, support services and research for the prevention, treatment and cure of liver disease. For more information visit www.liverfoundation.org or call: 1 800 GO LIVER (800-465-4837). Follow us on Facebook Twitter LinkedIn YouTube and Instagram
About the Hepatitis B Foundation: We are the nation's leading nonprofit organization solely dedicated to finding a cure for hepatitis B and improving the quality of life for those affected worldwide through research, education and patient advocacy. Founded in 1991, the Hepatitis B Foundation is based in Doylestown, Pa., with an office in Washington, D.C. To learn more, go to www.hepb.org and www.hepb30years.org, read our blog at hepb.org/blog, follow us on Twitter, Instagram and Facebook (@hepbfoundation) or call us at 215-489-4900. To donate, contact Jean Holmes at 215-489-4900 or jean.holmes@hepb.org.
Contact:
Julie Kimbrough
JKimbrough@liverfoundation.org
Direct dial: 646-737-9409
Edward F. Tate III, MS
edward.tate@hepb.org
Direct dial: 267-934-3475
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SOURCE American Liver Foundation
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| 2022-04-21T12:39:28Z
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- Net income was $19.8 million, or $0.56 per diluted share, for the first quarter of 2022 compared to $19.4 million, or $0.55 per diluted share, for the fourth quarter of 2021 and $25.3 million, or $0.70 per diluted share, for the first quarter of 2021.
- Reversal of provision for credit losses was $3.6 million for the first quarter of 2022 compared to $5.0 million for the fourth quarter of 2021 and $7.2 million for the first quarter of 2021.
- Loans receivable grew $5.5 million, or 0.1% (0.6% annualized), in the first quarter of 2022; excluding SBA PPP loan repayments of $80.9 million, loans receivable grew $86.4 million, or 2.4%(1) (9.5% annualized(1)).
- The ratio of nonperforming assets to total assets decreased to 0.22% at March 31, 2022 compared to 0.32% at December 31, 2021 and 0.75% at March 31, 2021.
- Noninterest expense to average total assets, annualized, was 1.95% for the first quarter of 2022 compared to 2.06% for the fourth quarter of 2021 and 2.22% for the first quarter of 2021.
- Declared a regular cash dividend of $0.21 per common share on April 20, 2022.
OLYMPIA, Wash., April 21, 2022 /PRNewswire/ -- Heritage Financial Corporation (NASDAQ GS: HFWA) (the "Company" or "Heritage"), the parent company of Heritage Bank ("Bank"), today reported net income of $19.8 million for the first quarter of 2022 compared to $19.4 million for the fourth quarter of 2021 and $25.3 million for the first quarter of 2021. Diluted earnings per share for the first quarter of 2022 were $0.56 compared to $0.55 for the fourth quarter of 2021 and $0.70 for the first quarter of 2021.
Jeffrey J. Deuel, President and Chief Executive Officer of Heritage, commented, "While we continue to see challenges from the COVID-environment, we remain focused on delivering strong financial performance and improvements in our operating efficiency by managing expenses and leveraging technology systems. We are well-positioned for the rising rate environment due to our ample balance sheet liquidity, including $1.58 billion in cash and cash equivalents. Additionally, we are seeing loan growth due to a decline in loan payoff activity and the strong economic climate in the Pacific Northwest.
Further, we are pleased with the success of our ongoing efforts to positively contribute to housing in the communities we serve. Heritage Bank recently partnered with Catholic Housing Services in constructing a new affordable housing development of 119 new family units in Seattle's Rainier Beach Neighborhood. Heritage Bank is providing $31.1 million of construction financing and $14.8 million of permanent financing for this project. Catholic Housing Services will utilize Seattle's Community Preference Policy, providing housing preference to families with historic ties to the area which will aid in improving demographic dispersion in the neighborhood."
Financial Highlights
The following table provides financial highlights at the dates and for the periods indicated:
SBA PPP Loans
The Company has supported its community and customers during the COVID-19 pandemic through its participation in the Small Business Administration's ("SBA") Paycheck Protection Program ("PPP"). The SBA PPP ended on May 31, 2021.
The following table summarizes the SBA PPP activity as of and for the periods indicated:
Balance Sheet
Total investment securities increased $184.4 million, or 14.4%, to $1.46 billion at March 31, 2022 from $1.28 billion at December 31, 2021 due primarily to purchases to deploy excess liquidity into higher yielding assets.
The following table summarizes the Company's loans receivable, net at the dates indicated:
Loans receivable grew $5.5 million, or 0.1% (0.6% annualized), in the first quarter of 2022. Excluding SBA PPP loan repayments of $80.9 million, loans receivable grew $86.4 million, or 2.4% (9.5% annualized); see Non-GAAP Financial Measures section herein for the calculation. New loans funded during the first quarter of 2022 were $235.9 million, including $42.2 million of purchased residential real estate loans, as compared to $222.2 million in the fourth quarter of 2021. Additionally, loan repayments declined in the first quarter of 2022 to $149.9 million as compared to $242.9 million in the fourth quarter of 2021, exclusive of SBA PPP loan repayments, net deferred fees, and net acquired discounts.
Total deposits increased at a quarterly growth rate of 1.5%, or an annualized rate of 6.2%, from December 31, 2021. The following table summarizes the Company's total deposits at the dates indicated:
During the first quarter of 2022, the Company repurchased $2.0 million, or 80,559 shares of its common stock at a weighted average price per share of $25.17, as compared to the repurchase of $1.5 million, or 63,884 shares of its common stock, at a weighted average price per share of $23.02, during the fourth quarter of 2021. As of March 31, 2022, there were 657,745 shares available for repurchase under the current repurchase plan.
The Company and Bank continue to maintain capital levels in excess of the applicable regulatory requirements for them both to be categorized as "well-capitalized". The following table summarizes capital ratios for the Company at the dates indicated:
The stockholders' equity to total assets ratio and the tangible common equity to tangible assets ratio both declined due primarily to a decrease in accumulated other comprehensive income of $43.6 million during the first quarter of 2022 following an increase in market interest rates during the quarter, which negatively impacted the fair value of our investment securities available for sale at March 31, 2022.
Allowance for Credit Losses and Provision for Credit Losses
The following table provides detail on the changes in the allowance for credit losses ("ACL") on loans and the ACL on unfunded commitments ("Unfunded") and the related (reversal of) provision for credit losses for the periods indicated:
The ACL on loans decreased compared to December 31, 2021 due primarily to a reduction of loans individually evaluated for losses and their related ACL as well as changes in the loan mix and continued improvement in forecasted economic indicators used to calculate credit losses.
Credit Quality
Nonperforming assets decreased to 0.22% of total assets at March 31, 2022 compared to 0.32% of total assets at December 31, 2021. Nonperforming assets at both March 31, 2022 and December 31, 2021 consisted only of nonaccrual loans. Changes in nonaccrual loans during the periods indicated were as follows:
Nonaccrual loans declined $7.2 million, or 30.4%, due primarily to ongoing collection efforts, including the partial payoff of two large commercial and industrial loan relationships, the payoff of one non-owner occupied CRE relationship, and the transfer of two commercial business loan relationships back to accruing status.
Net Interest Income and Net Interest Margin
Net interest income decreased $1.0 million, or 2.0%, for the first quarter of 2022 compared to the fourth quarter of 2021 due primarily to a decrease in deferred SBA PPP loan fees recognized due to a decrease in the volume of forgiven SBA PPP loans, offset partially by an increase in interest income on investment securities.
Net interest income decreased $5.3 million, or 10.1%, compared to the first quarter of 2021 also due primarily to the decrease in deferred SBA PPP loan fees recognized as well as a slightly lower loan yield. The decrease in net interest income was offset partially by a higher average balance of taxable investment securities.
The following table presents the loan yield and the impact of SBA PPP loans and the incremental accretion on purchased loans on this financial measure for the periods presented below:
The impact to loan yield from recoveries of interest and fees on loans classified as nonaccrual was 11 basis points during the first quarter of 2022, including the recovery of $774,000 from a non-owner occupied CRE relationship, compared to one basis point during the fourth quarter of 2021.
Net interest margin decreased slightly to 2.84% for the first quarter of 2022 as compared to 2.85% for the fourth quarter of 2021.
Net interest margin decreased from 3.51% for the first quarter of 2021 due primarily to the change in the mix of total interest earning assets, including a significant increase in the balance of lower yielding average interest earning deposits, and secondarily due to lower loan yield.
Noninterest Income
The following table presents the key components of noninterest income and the change for the periods indicated:
Noninterest income decreased during the first quarter of 2022 compared to the fourth quarter of 2021 due primarily to the prior quarter's gain of $2.7 million related to the sale and leaseback of the Company's headquarters included in gain on sale of other assets, net, offset partially by an increase in bank owned life insurance income due to the recognition of a death benefit of $1.0 million during the current quarter.
Noninterest income increased from the same period in 2021 due primarily to the current quarter death benefit discussed above and increases in service charges and other fees and card revenue reflecting increased customer transactions as businesses reopened in our market areas, offset partially by reduced gain on sale of loans, net as sales volume of secondary market mortgage loans declined.
Noninterest Expense
The following table presents the key components of noninterest expense and the change for the periods indicated:
Noninterest expense decreased from the fourth quarter of 2021 due primarily to a decrease in compensation and employee benefits as the accrual for incentive compensation declined compared to the fourth quarter of 2021. Data processing declined as software implementation costs related to technology initiatives were included in the fourth quarter of 2021.
Noninterest expense decreased from the same period in 2021 due primarily to a decrease in compensation and employee benefits from lower headcount and secondarily due to a decrease in professional services which was elevated during the first quarter of 2021 due to costs associated with our participation in the second tranche of the SBA PPP.
Income Tax Expense
The following table presents the income tax expense and related metrics and the change for the periods indicated:
Income tax expense decreased for the first quarter of 2022 compared to the fourth quarter of 2021 and the same period in 2021 primarily reflecting the change in income before income taxes earned between the periods. Additionally, the effective income tax rate was higher during the fourth quarter of 2021 due primarily to an increase in annual pre-tax income for the year ended 2021, which decreased the impact of favorable permanent tax items such as tax-exempt investments, investments in bank owned life insurance and low-income housing tax credits.
Dividend
On April 20, 2022, the Company's Board of Directors declared a quarterly cash dividend of $0.21 per share. The dividend is payable on May 18, 2022 to shareholders of record as of the close of business on May 4, 2022.
Earnings Conference Call
The Company will hold a telephone conference call to discuss this earnings release on Thursday, April 21, 2022 at 11:00 a.m. Pacific time. To access the call, please dial (844) 200-6205 -- access code 097736 a few minutes prior to 11:00 a.m. Pacific time. The call will be available for replay through April 28, 2022 by dialing (866) 813-9403 -- access code 921221.
About Heritage Financial
Heritage Financial Corporation is an Olympia-based bank holding company with Heritage Bank, a full-service commercial bank, as its sole wholly-owned banking subsidiary. Heritage Bank has a branch network of 49 banking offices in Washington and Oregon. Heritage Bank does business under the Whidbey Island Bank name on Whidbey Island. Heritage's stock is traded on the NASDAQ Global Select Market under the symbol "HFWA". More information about Heritage Financial Corporation can be found on its website at www.hf-wa.com and more information about Heritage Bank can be found on its website at www.heritagebanknw.com.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements often include words such as "believe," "expect," "anticipate," "estimate," and "intend" or future or conditional verbs such as "will," "would," "should," "could," or "may." Forward-looking statements are not historical facts but instead represent management's current expectations and forecasts regarding future events, many of which are inherently uncertain and outside of our control. Actual results may differ, possibly materially, from those currently expected or projected in these forward-looking statements. Factors that could cause the Company's actual results to differ materially from those described in the forward-looking statements, include but are not limited to, the following: the effect of the COVID-19 pandemic, including on the Company's credit quality and business operations, as well as its impact on general economic and financial market conditions and other uncertainties resulting from the COVID-19 pandemic, such as the extent and duration of the impact on public health, the U.S. and global economies, and consumer and corporate customers, including economic activity, employment levels and market liquidity; changes in the interest rate environment; changes in general economic conditions and conditions within the securities markets; legislative and regulatory changes, including as a result of the COVID-19 pandemic; and other factors described in Heritage's latest Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and other documents filed with or furnished to the Securities and Exchange Commission-which are available on our website at www.heritagebanknw.com and on the SEC's website at www.sec.gov. The Company cautions readers not to place undue reliance on any forward-looking statements. Moreover, any of the forward-looking statements that we make in this press release or the documents we file with or furnish to the SEC are based only on information then actually known to the Company and upon management's beliefs and assumptions at the time they are made which may turn out to be wrong because of inaccurate assumptions we might make, because of the factors described above or because of other factors that we cannot foresee. The Company does not undertake and specifically disclaims any obligation to revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements. These risks could cause our actual results for 2022 and beyond to differ materially from those expressed in any forward-looking statements by, or on behalf of, us, and could negatively affect the Company's operating and stock price performance.
Average Balances, Yields, and Rates Paid:
HERITAGE FINANCIAL CORPORATION
NON-GAAP FINANCIAL MEASURES (Unaudited)
(Dollar amounts in thousands, except per share amounts)
This earnings release contains certain financial measures not presented in accordance with Generally Accepted Accounting Principles ("GAAP") in addition to financial measures presented in accordance with GAAP. The Company has presented these non-GAAP financial measures in this earnings release because it believes that they provide useful and comparative information to assess trends in the Company's capital, performance and asset quality reflected in the current quarter and comparable period results and to facilitate comparison of its performance with the performance of its peers. These non-GAAP measures have inherent limitations, are not required to be uniformly applied and are not audited. They should not be considered in isolation or as a substitute for financial measures presented in accordance with GAAP. These non-GAAP measures may not be comparable to similarly titled measures reported by other companies. Reconciliations of the GAAP and non-GAAP financial measures are presented below.
The Company considers the tangible common equity to tangible assets ratio and tangible book value per share to be useful measurements of the adequacy of the Company's capital levels.
The Company considers presenting the ratio of ACL on loans to loans receivable, excluding SBA PPP loans, to be a useful measurement in evaluating the adequacy of the Company's ACL on loans as the balance of SBA PPP loans was significant to the loan portfolio; however, since SBA PPP loans are guaranteed by the SBA, the Company has not provided an ACL on loans for these loans.
Similarly, presenting the change in loans receivable excluding the change in SBA PPP loans is useful in assessing the impact of these special program loans to the Company's loan production efforts:
The Company considers the return on average tangible common equity ratio to be a useful measurement of the Company's ability to generate returns for its common shareholders. By removing the impact of intangible assets and their related amortization and tax effects, the performance of the Company's ongoing business operations can be evaluated.
The Company believes that presenting pre-tax pre-provision income, which reflects its profitability before income taxes and provision for credit losses, and the pre-tax, pre-provision return on average assets, are useful measurements in assessing its operating income and expenses by removing the volatility that may be associated with credit loss provisions. The Company also believes that during a crisis such as the COVID-19 pandemic, this information is useful as the impact of the pandemic on credit loss provisions of various institutions has varied based on the geography of the communities served by a particular institution and the decision to adopt or defer the current expected credit losses ("CECL") methodology required by ASU 2016-13.
The Company believes presenting loan yield excluding the effect of discount accretion on purchased loans is useful in assessing the impact of acquisition accounting on loan yield as the effect of loan discount accretion is expected to decrease as the acquired loans mature or roll off its balance sheet. Incremental accretion on purchased loans represents the amount of interest income recorded on purchased loans in excess of the contractual stated interest rate in the individual loan notes due to incremental accretion of purchased discount or premium. Purchased discount or premium is the difference between the contractual loan balance and the fair value of acquired loans at the acquisition date, or as modified by the adoption of Accounting Standards Update ("ASU") 2016-13. The purchased discount is accreted into income over the remaining life of the loan. The impact of incremental accretion on loan yield will change during any period based on the volume of prepayments, but it is expected to decrease over time as the balance of the purchased loans decreases.
Similarly, presenting loan yield excluding the effect of SBA PPP loans is useful in assessing the impact of these special program loans that are anticipated to substantially decrease within a short time frame.
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| 2022-04-21T12:39:34Z
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PONTE VERDE, Fla., April 21, 2022 /PRNewswire/ -- Hershfield Consulting, a leading management consulting company operating out of Florida and Washington, today announced that is has rebranded as Fideseo. The change represents the company's growth, evolved service offerings, and customer-centric approach.
The rebrand comes as Fideseo continues to grow and adapt to meet existing and new clients' evolving needs. The change consolidates the company's full suite of business, technology, and information security practices, allowing Fideseo to "Move your business forward." This signifies an increased focus and growth in the areas of Risk Management, Compliance, Spend Optimization, Organization alignment.
To coincide with the rebrand, Fideseo launched a new website, reflective of the new brand and visual identity. Fideseo can be found at www.fideseo.com. The website showcases the company's new identity and focus on governance, risk, and compliance offerings that are being delivered to its clients.
Mike Stipe, Chief Revenue Officer at Fideseo commented, "Our new brand is intended to simplify who we are into the core components of what our clients need"
"We are leaning into the future and growing needs that companies have around information security. Aligning our core capabilities and offerings that wholly support the wide net of security, technology, and business services needs that our clients demand," said Mike.
David Hershfield, CEO at Fideseo added, "As we evolve our offerings to be what our clients need most, our identity must mirror that shift. Over our 9-year history as a business, we have and will always continue to evolve to stay ahead of the industry trends and market changes, to strategically support the needs of our clients and our people."
About Fideseo
We are the only solution provider that wraps your business, technology, and security strategies together so you can transform your business and keep your customers, partners, and your business secure. Our GRCDefense™, business, and technology services deliver on our promise to "Move your business forward."
Contact:
Mike Stipe,
858-603-5274,
mike.stipe@fideseo.com
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| 2022-04-21T12:39:41Z
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NEWARK, Del., April 21, 2022 /PRNewswire/ -- Hippo Video - a market leader in the video customer experience and interactive video segment, has launched Video SDK (Software-Development-Kit) that allows companies to use fully white-labeled video functionality inside apps and websites. It allows businesses to easily embed the Video API inside other applications to boost engagement and humanize communication using asynchronous videos.
The value of the global video conferencing market is expected to grow to $9 billion by 2026. In stark contrast to this, studies reveal people spend a minimum of 31 hours on unproductive meetings monthly. Businesses realize that asynchronous videos can now replace live meetings that help professionals fight zoom fatigue.
In its mission to democratize videos for businesses and robustly scale the use of interactive videos across all industries, Hippo Video has introduced Video SDK that will bridge the missing personalization gap in asynchronous communication. Hippo Video is one of the few players that has launched SDK to enable video capability for other applications with an advanced features set.
Hippo Video SDK allows our partners to simply plug-and-play Video APIs that let users capture screen, record, and quickly edit videos and embed video players inside their website or app. It lets users experience the video application interface without building the infrastructure themselves, thus reducing considerable cost. More importantly, the entire setup takes less than a day, and developers will only need ten lines of code to get started with videos.
Video SDK is a package that allows developers to use a video recorder that does more than just 'record' by including features such as
- Instant Video Playback + Edit-on-the-go
- Teleprompter and Scripts
- Virtual background
- Webcam Shapes
- Markup Tools
- Extension-less recording
These features can help organizations increase user engagement and video enablement.
Karthi Mariappan, CEO and Co-Founder of Hippo Video says, "We recognized the need for a secure platform (ISO 27001:2013 and SOC 2 Certified) that will permit users to customize their video experience fully. The two important areas Video SDK will focus on is the autonomy in video creation and a fully white-labeled video solution for partners. These features will help double viewer engagement and user enablement through one SDK suite".
Hippo Video is a Leader in G2's Software Category Report in four categories: Video Email, Sales Engagement Video Hosting, and Video CMS. Hippo Video was also ranked above its competitors Vidyard and Loom by G2. It has integrations with major players such as Salesforce, Slack, Trello, Zapier, Hubspot, Outreach, LinkedIn, Outlook, Gmail, and seventy other sales and marketing tools.
About Hippo Video
Hippo Video is a cloud-based video CX platform by Lyceum Technologies Inc, Newark, Delaware. Since its launch, Hippo Video has acquired over 1 Million users before launching the latest video CX platform. It has more than 1,000 business customers globally, including Genesys, HP, Freshworks, Chargebee, Tailwinds Transportation, Essilor, Clarify Med, etc.
Visit: https://www.hippovideo.io/products/video-sdk.html for more information.
Contact: Nikhil Premanandan
Email: nikhil@hippovideo.io
Phone: +971-0526481025
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SOURCE Hippo Video
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https://www.whsv.com/prnewswire/2022/04/21/hippo-video-launches-video-sdk-help-businesses-counter-zoom-fatigue-with-asynchronous-videos/
| 2022-04-21T12:39:47Z
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- Hyundai Monterey Sports Car Championship to Run April 29 – May 1, 2022
- Display Vehicles Include Elantra N and Kona N
- Elantra N to Pace IMSA Michelin Pilot Challenge Race
FOUNTAIN VALLEY, Calif., April 21, 2022 /PRNewswire/ -- Hyundai today announced that its high-performance N Brand is the title sponsor of the International Motor Sports Association (IMSA) race weekend at WeatherTech Raceway Laguna Seca for the third year in a row. The race weekend, known as the Hyundai Monterey Sports Car Championship, will be held in Monterey, Calif., April 29 – May 1, 2022. The weekend begins with the IMSA Michelin Pilot Challenge race with GS and TCR classes on Saturday and ends with the IMSA WeatherTech Sportscar Championship race featuring DPi, LMP2, GTD Pro and GTD classes on Sunday. Hyundai is also the broadcast title sponsor for the race on Peacock, and an Elantra N will be the pace car for the IMSA Michelin Pilot Challenge race.
Hyundai will provide N Brand experiences to fans throughout the weekend, including a chance to see the track-ready Elantra and Kona N models. Elantra N TCR and Veloster N TCR cars will be going for the win in the WeatherTech Raceway Laguna Seca 120.
"Last year, we had a great time showcasing the Elantra N to enthusiasts and N club members," said Bryan Herta, co-owner of Bryan Herta Autosport. "This year we are inviting everyone to experience great racing at the best road course in the country. The following weekend we will be hosting the N Performance Academy providing our most passionate N owners with seat time and driving instruction."
Hyundai now offers three purist N models and four N Line models in the U.S. market. This title sponsorship highlights the entire portfolio that includes the Veloster N, Elantra N, Kona N, Elantra N Line, Kona N Line, Tucson N Line and Sonata N Line. Race fans only need a key from any Hyundai model to access the N Lounge VIP area. For more information on the N brand visit https://www.hyundaiusa.com/us/en/performance
"Hyundai's N Brand is a perfect match for the IMSA series and Laguna Seca's 11-turn, 2.238-mile road course that includes the famous Corkscrew turn," said Angela Zepeda, CMO, Hyundai Motor America. "Hyundai sees this partnership as a great opportunity to showcase the high-performance N Brand to fans of sports car racing and automotive enthusiasts."
Hyundai will arrive at the legendary WeatherTech Raceway Laguna Seca with the IMSA Michelin Pilot Challenge championship lead and a fleet of Hyundai TCR race cars consisting of five Elantra N TCR cars, three Veloster N TCR car and 16 drivers. Hyundai holds a 10-point lead in the manufacturers' championship while defending IMPC champions Taylor Hagler and Michael Lewis lead the drivers' championship following two second place finishes to start the 2022 campaign. Hagler and Lewis drive the #1 Hyundai Elantra N TCR for Bryan Herta Autosport.
For images visit hyundainews.com. For more information on the race weekend visit weathertechraceway.com or imsa.com.
Hyundai Motor America focuses on 'Progress for Humanity' and smart mobility solutions. Hyundai offers U.S. consumers a technology-rich lineup of cars, SUVs, and electrified vehicles. Our 820 dealers sold more than 738,000 vehicles in the U.S. in 2021, and nearly half were built at Hyundai Motor Manufacturing Alabama. For more information, visit www.HyundaiNews.com.
Hyundai Motor America on Twitter | YouTube | Facebook | Instagram | LinkedIn
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| 2022-04-21T12:39:53Z
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LONDON, April 21, 2022 /PRNewswire/ -- icometrix, the worldwide leader in digital health technology solutions for neurological conditions, announced the recent release of a Medtech Innovation Briefing (MIB) [MIB291] from the internationally renowned NICE for the CE markers and FDA cleared icobrain MRI measures in Multiple Sclerosis (MS).
In Multiple Sclerosis, software guided MRI measures of new and enlarging lesions and brain shrinkage are rapidly becoming the standard of care in MS clinical and therapeutic decision-making. The icobrain deep learning AI solution, developed by icometrix, is the most widely adopted and best validated clinical tool for individual people with MS. The added value of icobrain compared to current practice has been acknowledged by experts in the field, leading to the first MIB for Multiple Sclerosis care being issued.
"In MS, it is crucial to detect disease activity early for best informed treatment decisions and outcomes", states Prof. Klaus Schmierer from Queen Mary University of London and Barts Health NHS Trust. "In addition to clinical scores, neurologists rely heavily on MRI to make therapeutic decisions. Hence, there is a significant need for sensitive and accurate MRI indices", he continues. "This NICE MIB is an acknowledgement of icobrain as a leading competitor in the field of AI-supported MRI analysis and, more generally, data-driven care management with potential to enhance the standard of care for people with MS in the UK and beyond", Prof. Schmierer concludes.
"We are thrilled by this MIB recognition from NICE and the experts in this field", Dr. Wim Van Hecke, founder and CEO of icometrix, comments. "We are proud to lead digital health innovation in the field of MS (and neurological conditions in general), with this first MIB in the field of MS. Being spun out of academics, science and validation are in our DNA. We all know that digital health technology is a crucial component of personalized medicine in neurology, but the importance of clinical validation cannot be underestimated", Dr. Van Hecke concludes.
Read the NICE Medtech Innovation Briefing [MIB291] here
About icometrix
Founded in 2011, icometrix (Leuven, Belgium; Boston, USA) strives for data-driven insights and personalized patient care, supported by artificial intelligence. icometrix offers a portfolio of eight regulatory approved AI solutions to assist healthcare with various challenges; icobrain extracts data from brain MRI and CT scans for the radiological reporting and clinical management of neurological disorders such as multiple sclerosis, brain trauma, epilepsy, stroke, dementia, and Alzheimer's disease. icompanion, a digital platform, and mobile app helps people with MS and their care team to monitor clinical symptoms and treatments efficiently and objectively. icolung was one of the first available AI solutions to support clinicians responding to the rapidly evolving needs of the COVID-19 pandemic.
Today, icometrix is internationally active and integrated into more than 100 clinical practices. In addition, icometrix supports pharmaceutical companies in phase I-III and Real-World Evidence (RWE) studies through imaging and data services, and digital health strategy.
Contact info:
Info@icometrix.com
https://www.icometrix.com
BE: +32 16 369 000
US: +1 617 528 0980
Kolonel Begaultlaan 1b / 12
3012 Leuven
Belgium
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| 2022-04-21T12:40:00Z
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SEOUL, South Korea, April 21, 2022 /PRNewswire/ -- SwatchOn, the global sourcing pioneer and the world's leading wholesale fashion fabric aggregator, announced today the company has secured $10 million in additional funding, which included an investment from Pavilion Capital, Kakao Ventures, and TBT Partners. With this significant strategic investment, SwatchOn plans to develop exciting new initiatives, specifically with a focus on revolutionizing digital fashion.
SwatchOn is on a mission to provide new ways for fashion designers to highlight their creativity and share their collections with the world. As a company that has always focused on consistent innovation, this new focus will begin to carry the company into the future of real-life fashion (IRL) and digital fashion (URL) - and so much more. The company's upcoming roadmap is set to include soon-to-be-announced initiatives in digital fashion, metaverse wearables, NFTs, digital fabric, AR, virtual experiences, and more.
"We are grateful for our investor's support and excited for the opportunity to expand our direction into digital fashion," said SwatchOn co-founder and CEO Will Lee. "There is a shift in values in how Gen Z is consuming fashion, and SwatchOn wants to be a leader with these emerging trends. We saw firsthand how economies of scale made it difficult for smaller brands to compete with their larger counterparts. Fortunately, in the virtual world, that is not the case. We want to create a digital fashion marketplace that will level the playing field and give emerging brands the opportunity to share their creativity with a broader audience."
"We are thrilled to continue our journey with SwatchOn on their vision to create a digital fashion marketplace," said Kakao Ventures Senior Associate Hyunik Cho. "As a brand, SwatchOn has set itself apart by streamlining fabric supply chains and creating opportunities for designers both large and small. Led by an expert team of industry veterans, we believe in their ability to create the same experience in digital fashion. Along with SwatchOn's stable growth in their fabric sourcing platform, we expect their new vision in digital fashion will create a strong synergy effect, and we look forward to helping them drive that mission forward."
Since its inception in 2017, SwatchOn, a member of the CFDA Materials Hub, has established itself as a key valuable resource in the fashion industry for all levels of fashion brands - including independent labels, mid-size brands, and some of the world's largest apparel manufacturers - all by digitizing the fabric sourcing process. This innovative platform brings the South Korean wholesale textile industry online, connecting hundreds of thousands of fabric products to more than 17,000 brands around the globe.
About SwatchOn
SwatchOn is a fashion technology platform that connects the South Korean textile industry to brands around the globe. SwatchOn has streamlined the fabric supply chain, allowing designers to quickly search and access over 200,000 textiles from 750 different suppliers – on its free, members-only website, SwatchOn.com. SwatchOn boasts one of the largest digital fabric libraries in the world in compliance with CLO3D software, SwatchOn's partner and Series B investor. In addition to its dedicated Eco-Forward fabric section, SwatchOn ships in eco-friendly packaging to over 52 countries worldwide.
Contact
Sheldon Strategy & Consulting
vmod@sheldonstrategy.com
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| 2022-04-21T12:40:06Z
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Leveraging the new investment and backing from existing sponsors Clearlake, TA Associates, and Centerbridge Partners, Precisely is poised to expand market leadership in data integrity software
BURLINGTON, Mass. and SANTA MONICA, Calif. , April 21, 2022 /PRNewswire/ -- Precisely ("Precisely" or the "Company"), a global leader in data integrity software, today announced that Insight Partners ("Insight") and Partners Group, acting on behalf of its clients, have signed a definitive agreement to make a significant strategic investment in the Company. Insight and Partners Group will join Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake"), TA Associates ("TA"), and Centerbridge Partners ("Centerbridge") as institutional investors in Precisely. Terms of the transaction were not disclosed.
Precisely provides comprehensive software, data, and strategic services across the data integrity spectrum. The Company's software solutions are utilized by over 12,000 enterprise customers, including 99 of the Fortune 100, and enable companies to sustain trusted, accurate data and improve decision making. Since Clearlake and TA's majority investment in Precisely in 2021, the Company has completed five acquisitions, demonstrating its commitment to delivering the industry's most comprehensive and robust data integrity software portfolio. The additional capital from Insight and Partners Group will enable Precisely to extend its strong market position through continued product innovation and acquisitions. Precisely will continue to be led by its current CEO, Josh Rogers, and the existing management team.
"Insight and Partners Group's investment in Precisely reflects confidence in our growth plans and ongoing expansion as the most diversified platform of scale in data integrity," said Josh Rogers, CEO of Precisely. "Enterprises around the world are increasingly focused on utilizing data to make trusted business decisions. They require data with maximum accuracy, consistency, and context. With our added breadth of solutions, Precisely is uniquely positioned to deliver value to our customers across the entire spectrum of data integrity. We're excited to continue our partnership with Clearlake, TA, and Centerbridge, and welcome Insight and Partners Group's support in helping us accelerate our organic and buy-and-build strategy."
"Precisely has continued to demonstrate its ability to innovate and identify software solutions that best address the complex data quality challenges facing enterprises today," said Harry Taylor, Managing Director, and Michael Libert, Director, at TA. "We believe the Company is well positioned for further expansion to support businesses and meet the increasing demand for data integrity software. We are thrilled to welcome Insight and Partners Group, and to continue our partnership with Clearlake, Centerbridge, and the entire Precisely team, as we aim to promote innovation and growth."
"Precisely has become a leader in the data integrity segment, helping enterprise customers make informed business decisions across verticals including financial services, insurance, healthcare, retail and more," said Deven Parekh, Managing Director at Insight Partners. "Insight has a long history with Precisely and is thrilled to be partnering with them again as they continue to leverage their strategic position for organic growth and strategic M&A." Eoin Duane, Managing Director at Insight Partners, will join Precisely's board.
"Business intelligence cannot exist without quality data," added Anthony Shontz, Partner, Co-Head Private Equity Integrated Investments, and Chris Russell, Managing Director, Private Equity at Partners Group. "Precisely is at the forefront of data integrity solutions, unlocking enhanced analytics and decision making. We are excited to support Precisely as they extend their leadership position in this digital transformation."
"Since our initial investment and sponsorship of the Company in 2015, Precisely has experienced significant revenue growth and augmented its product offerings both organically and inorganically in the robust data integrity software market," commented Behdad Eghbali, Co-Founder and Managing Partner, and Prashant Mehrotra, Partner at Clearlake. "We welcome our new strategic investment partners, Insight and Partners Group, to help drive continued expansion of the Precisely platform and look forward to supporting Josh and the management team in deploying our O.P.S.® framework to further accelerate the Company's growth and to execute on its buy-and-build strategy."
SVB Securities and Evercore acted as financial advisors to Precisely, and Rothschild & Co. served as the exclusive financial advisor to Insight Partners. Sidley Austin LLP provided legal counsel for Precisely, Willkie Farr & Gallagher LLP provided legal counsel for Insight Partners, Latham & Watkins LLP provided legal counsel for Partners Group, and Kirkland & Ellis LLP provided legal counsel for Clearlake.
About Precisely
Precisely is the global leader in data integrity, providing accuracy, consistency, and context in data for 12,000 customers in more than 100 countries, including 99 of the Fortune 100. Precisely's data integration, data quality, data governance, location intelligence, and data enrichment products power better business decisions to create better outcomes. Learn more at www.precisely.com.
About Clearlake
Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with management teams by providing patient, long-term capital to businesses that can benefit from Clearlake's operational improvement approach, O.P.S.® The firm's core target sectors are industrials, technology, and consumer. Clearlake currently has over $72 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. More information is available at www.clearlake.com and on Twitter @Clearlake.
About TA Associates
TA is a leading global growth private equity firm. Focused on targeted sectors within five industries – technology, healthcare, financial services, consumer, and business services – the firm invests in profitable, growing companies with opportunities for sustained growth and has invested in more than 550 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in high quality growth companies. TA has raised $47.5 billion in capital since its founding in 1968. The firm's more than 100 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA can be found at www.ta.com.
About Insight Partners
Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of February 24, 2022, the closing of the firm's recent fundraise, Fund XII, brings Insight Partners' regulatory assets under management to over $90 billion. Insight Partners has invested in more than 600 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and Palo Alto. Insight's mission is to find, fund, and work successfully with visionary executives, providing them with practical, hands-on software expertise to foster long-term success. Insight Partners meets great software leaders where they are in their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit insightpartners.com or follow us on Twitter @insightpartners.
About Partners Group
Partners Group is a leading global private markets firm. Since 1996, the firm has invested over USD 170 billion in private equity, private real estate, private debt, and private infrastructure on behalf of its clients globally. Partners Group seeks to generate strong returns through capitalizing on thematic growth trends and transforming attractive businesses and assets into market leaders. The firm is a committed, responsible investor and aims to create sustainable returns with lasting, positive impact for all its stakeholders. With USD 127 billion in assets under management as of 31 December 2021, Partners Group provides an innovative range of bespoke client solutions to institutional investors, sovereign wealth funds, family offices and private individuals globally. The firm employs more than 1,500 diverse professionals across 20 offices worldwide and has regional headquarters in Baar-Zug, Switzerland; Denver, USA; and Singapore. It has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN). For more information, please visit www.partnersgroup.com or follow us on LinkedIn or Twitter.
About Centerbridge Partners
Centerbridge Partners, L.P. is a private investment management firm employing a flexible approach across investment disciplines – private equity, credit and real estate – in an effort to develop the most attractive opportunities for our investors. The Firm was founded in 2005 and as of February 28, 2022 has approximately $33 billion in capital under management with offices in New York and London. Centerbridge is dedicated to partnering with world-class management teams across targeted industry sectors and geographies. For more information, please visit www.centerbridge.com
Media Contacts
For Precisely and Clearlake:
Jennifer Hurson, Lambert & Co.
845-507-0571
jhurson@lambert.com
For TA Associates:
Maggie Benoit
857-208-2813
mbenoit@ta.com
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| 2022-04-21T12:40:13Z
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BRIDGEWATER, N.J., April 21, 2022 /PRNewswire/ -- Insmed Incorporated (Nasdaq:INSM), a global biopharmaceutical company on a mission to transform the lives of patients with serious and rare diseases, today announced that it will release its first quarter 2022 financial results on Thursday, May 5, 2022.
Insmed management will host a conference call for investors beginning at 8:30 a.m. ET on Thursday, May 5, 2022 to discuss the financial results and provide a business update.
Shareholders and other interested parties may participate in the conference call by dialing (844) 200-6205 (U.S. toll free), (646) 904-5544 (U.S. local), or +1-929-526-1599 (international) and referencing access code 388457. The call will also be webcast live on the company's website at www.insmed.com.
A replay of the conference call will be accessible approximately 1 hour after its completion through June 4, 2022, by dialing (866) 813-9403 (U.S. toll free), (929) 458-6194 (U.S. local), or +44-204-525-0658 (international) and referencing access code 252664. A webcast of the call will also be archived for 90 days under the Investor Relations section of the company's website at www.insmed.com.
About Insmed
Insmed Incorporated is a global biopharmaceutical company on a mission to transform the lives of patients with serious and rare diseases. Insmed's first commercial product is a first-in-disease therapy approved in the United States, Europe, and Japan to treat a chronic, debilitating lung disease. The Company is also progressing a robust pipeline of investigational therapies targeting areas of serious unmet need, including neutrophil-mediated inflammatory diseases and rare pulmonary disorders. Insmed is headquartered in Bridgewater, New Jersey, with a footprint across Europe and in Japan. For more information, visit www.insmed.com.
Contact:
Investors:
Eleanor Barisser
Associate Director, Investor Relations
Insmed
(718) 594-5332
eleanor.barisser@insmed.com
Media:
Mandy Fahey
Executive Director, Corporate Communications
Insmed
(732) 718-3621
amanda.fahey@insmed.com
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| 2022-04-21T12:40:20Z
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DALLAS, April 21, 2022 /PRNewswire/ -- Jacobs (NYSE: J) plans to release its fiscal second quarter 2022 earnings results before market open on Tuesday, May 3, 2022, and will host a conference call at 10:00 a.m. ET, during which management will make a presentation focusing on the company's results and operating trends.
Interested parties can listen to the conference call via a webcast and view accompanying slides at jacobs.com.
About Jacobs
At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With $14 billion in revenue and a talent force of approximately 55,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector. Visit jacobs.com and connect with Jacobs on Facebook, Instagram, LinkedIn and Twitter.
For additional information contact:
Investors
Jonathan Doros, 817-239-3457
jonathan.doros@jacobs.com
Media
Marietta Hannigan, 214-920-8035
marietta.hannigan@jacobs.com
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| 2022-04-21T12:40:28Z
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TROY, Mich., April 21, 2022 /PRNewswire/ -- Flagstar Bank has named Jim Linnane president of Flagstar's distributed retail mortgage division. In this role, he is responsible for strategy, profitability, sales, growth, recruitment and operations of Flagstar's distributed retail mortgage business.
"Jim is an industry veteran who has extensive experience running distributed retail operations, both in a bank and non-bank environment," said Lee Smith, president of Mortgage for Flagstar. "He's a results-oriented team-builder with a demonstrated ability to grow people and organizations. We're excited to have him on board and look for positive developments with Jim at the helm of Flagstar's distributed retail operation."
His experience in the business is broad and deep, including mortgage origination, marketing, underwriting, construction lending, home equity products and wholesale financing. Flagstar is the nation's 6th largest bank mortgage originator.
Prior to Flagstar, Linnane served as retail president for Stearns Lending. Earlier in his career, he was director of national sales at Guaranteed Rate. He started in the business at Wells Fargo, where he spent 15 years, ultimately leading 2,000 loan officers to $30 billion of production volume in the Midwest and Northeast.
About Flagstar
Flagstar Bancorp, Inc. (NYSE: FBC) is a $25.5 billion savings and loan holding company headquartered in Troy, Mich. Flagstar Bank, FSB, provides commercial, small business, and consumer banking services through 158 branches in Michigan, Indiana, California, Wisconsin and Ohio. It also provides home loans through a wholesale network of brokers and correspondents in all 50 states, as well as 83 retail locations in 28 states. Flagstar is a leading national originator and servicer of mortgage and other consumer loans, handling payments and record keeping for $291 billion of loans representing over 1.2 million borrowers. For more information, please visit flagstar.com.
For more information contact:
Susan Bergesen
Flagstar Bank
(248) 312-6237
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| 2022-04-21T12:40:34Z
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LOS ANGELES, April 21, 2022 /PRNewswire/ -- Electrical Grid Monitoring™ (EGM) Inc. (www.egm.energy) announced the hiring of Mr. John Eason as Vice President of Product & Market Development, formerly with GE Digital and Sentient Energy. He will report directly to Dr. Alex Levran, EGM CEO at the U.S. headquarters in Los Angeles, and will be responsible for product development, go-to-market strategy, and business development for the North American market.
"With over 25 years in the energy marketplace, working with electric utilities, John will make a great addition to our team with his background in utility product technologies and strategies for grid modernization," said Levran. "We are thrilled to have him meet our customers at IEEE PES T&D, in New Orleans, LA; April 25-28 and at DistribuTECH in Dallas, TX; May 23-25, 2022.
"I'm excited to join the EGM team and work with our utility partners to implement the Meta-Alert™ system," said Eason. "I have never seen a solution that offers so many tangible benefits that are so complementary to an ADMS or grid modernization program," added Eason. "With the grid management challenges that utilities are facing today, a system designed to enhance the existing network, without disruption, is a refreshing change."
"With John joining our team of experts, we are well-positioned to expand our Meta-Alert technologies into the utility grid modernization market throughout the U.S. while supporting all DER, EV Charging, decarbonization activities and the day-to-day challenges facing utilities in a changing transmission and distribution (T&D) environment," said Levran.
About EGM
Electrical Grid Monitoring™ (EGM) Inc. is the leading technology company with innovative T&D grid management solutions that include sensing, communication, and analytics components. Meta-Alert™ the EGM Monitoring System, delivers useful information to manage both overhead and underground utility grids. EGM, Inc. is headquartered in Los Angeles, California, United States. For more information, please visit (https://egm.energy/) or www.egm.energy.
Contact Information:
Rebecca Kelly
770.401.4044
rebecca.kelly@egm.energy
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| 2022-04-21T12:40:42Z
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NEW YORK and VIENNA, Va., April 21, 2022 /PRNewswire/ -- Kaleyra, Inc. (NYSE: KLR) (NYSE American: KLR WS) ("Kaleyra" or the "Company"), a rapidly growing cloud communications software provider delivering a secure system of application programming interfaces (APIs) and connectivity solutions in the API/Communications Platform as a Service (CPaaS) market, will hold a conference call on Monday, May 9, 2022 at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the first quarter ended March 31, 2022. Financial results will be issued in a press release prior to the call.
Kaleyra management will host the presentation, followed by a question and answer period.
Date: Monday, May 9, 2022
Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time)
U.S. dial-in: 877-407-0792
International dial-in: 201-689-8263
Please call the conference telephone number 10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Investor Relations at 949-574-3860.
The conference call will be broadcast live and available for replay here and via the Investor Relations section of Kaleyra's website.
A telephonic replay of the conference call will be available after 7:30 p.m. Eastern time on the same day through May 16, 2022.
Toll-free replay number: 844-512-2921
International replay number: 412-317-6671
Replay ID: 13728874
About Kaleyra
Kaleyra, Inc. (NYSE: KLR) (NYSE American: KLR WS) is a global group providing mobile communication services to financial institutions, e-commerce players, OTTs, software companies, logistic enablers, healthcare providers, retailers, and other large organizations worldwide.
Kaleyra today has a customer base of 3800+ companies spread around the world. Through its proprietary platform and robust APIs, Kaleyra manages multi-channel integrated communication services, consisting of messaging, rich messaging and instant messaging, video, push notifications, e-mail, voice services, and chatbots.
Kaleyra's technology makes it possible to safely and securely manage billions of messages monthly with over 1600 operator connections in 190+ countries, including all tier-1 US carriers.
Investor Contact:
Tom Colton or Matt Glover
Gateway Investor Relations
949-574-3860
KLR@gatewayir.com
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| 2022-04-21T12:40:48Z
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CAMBRIDGE, Mass., April 21, 2022 /PRNewswire/ -- LiquiGlide®, the inventors of a breakthrough technology that is revolutionizing products, packaging, processes, and patient experiences by eliminating the friction between solids and liquids, Aon plc (NYSE: AON), a leading global professional services firm, and Atlas Credit Partners, an asset management firm focused on value-oriented credit investments, today announced the completion of an intellectual-property based financing deal that provides LiquiGlide with $35 million to expand its commercial activities and continue to develop its platform for new applications.
Invented at MIT by co-founders Dave Smith and Professor Kripa Varanasi, the company's first-of-its-kind, patented technology removes friction between solids and liquids, allowing thick, slow-moving liquids to flow with ease, enabling advancements in packaging, manufacturing, and medical devices through safe and sustainable solutions that meet rigorous safety and regulatory standards.
"We are surrounded by liquid products – from food or cosmetics in everyday life to valuable drugs or biologics in industry. Until now, we've accepted significant waste, whether in manufacturing or in packaging, as part of the price for these products because they stick to containers or devices they touch," said Kripa Varanasi, a MIT professor and co-founder and Chairman of LiquiGlide. "By eliminating friction, LiquiGlide's technology removes this basic constraint. Now, we can dispense every last drop, minimize yield loss in manufacturing, and reduce occlusions and infections in medical devices. Our team is on a mission to change the paradigm across industries to usher in sustainable products and processes as well as improve patient experiences and outcomes."
Last spring, Colgate launched Elixir, a new sub-brand of Colgate toothpaste that features redesigned packaging, enabled by LiquiGlide's EveryDrop™ technology, that allows consumers to see how much product is left, easily dispense it, and recycle the package. The Colgate Elixir package won the "Best in Show" and "Design Excellence" AmeriStar awards from the Institute of Packaging Professionals, and Colgate recently expanded the brand from Europe to Canada.
"Aon and Atlas Credit Partners are innovative collaborators, who we are excited to have on board for the next phase of growth. This capital allows us to scale our business and technology across packaging and biomedical applications to create products, systems and processes that are better for businesses, people and the planet," said Alex Ewing, LiquiGlide's Chief Operating Officer.
"Intellectual property continues to be one of the most valuable assets for driving growth, yet it remains elusive in the capital markets," said Lewis Lee, CEO of Aon's Intellectual Property Solutions. "Being able to better value and define intellectual property as an asset class creates new capital solutions for companies such as LiquiGlide and underscores the importance of IP for companies at all stages."
"We are both privileged and excited to work with the Aon and LiquiGlide teams to create a value-enhanced capital solution. Our structure will allow LiquiGlide to further advance the commercialization of its groundbreaking technology," said Drew Mallozzi, Managing Partner of Atlas Credit Partners.
Aon was recently named to Fast Company's Most Innovative Companies list for its ground-breaking IP solutions. According to Ocean Tomo, IP and intangible assets now represent 90 percent of the value of Fortune 500 companies, but IP value is not widely understood in capital markets. Aon is working with companies like LiquiGlide to help them access non-dilutive growth capital by valuing intangible assets and structuring capital solutions that leverage such value.
About LiquiGlide
LiquiGlide's revolutionary technology eliminates the friction between liquids and solids to allow liquids to flow with ease. Invented at MIT by Dave Smith and Professor Kripa Varanasi, LiquiGlide's technology eliminates a fundamental design constraint and enables real, powerful breakthroughs across industries, transforming the way we manufacture, package, and consume viscous products. LiquiGlide also improves quality of life and patient care by enabling medical devices that can reduce the risk of occlusion and infection as well as improve the delivery of highly viscous drugs and biologics. To learn more about LiquiGlide, please visit https://liquiglide.com/.
Media Contact
Jenna Guarneri
JMG Public Relations
jenna@jmgpr.com
About Aon
Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Our colleagues provide our clients in over 120 countries with advice and solutions that give them the clarity and confidence to make better decisions to protect and grow their business.
Follow Aon on Twitter and LinkedIn. Stay up-to-date by visiting the Aon Newsroom and sign up for News Alerts here.
Media Contact
Nadine Youssef
mediainquiries@aon.com
About Atlas Credit Partners
Atlas Credit Partners is a Houston, TX-based special situations investment firm, providing credit solutions to middle market borrowers.
Media Contact
Matt Laterza
COO, Atlas Credit Partners
mlaterza@atlascreditpartners.com
Safe Harbor Statement
This communication contains certain statements related to future results, or states Aon's intentions, beliefs and expectations or predictions for the future which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from either historical or anticipated results depending on a variety of factors. These forward-looking statements include information about possible or assumed future performance and results of Aon's operations. All statements other than statements of historical facts that address activities, events or developments that Aon expects or anticipates may occur in the future, including such things as its outlook, business strategies, competitive strengths, goals, the benefits of new initiatives, growth of its business and operations, plans, references to future successes, are forward-looking statements. Also, when Aon uses the words such as "anticipate", "believe", "estimate", "expect", "intend", "plan", "probably", "potential", "looking forward", or similar expressions, it is making forward-looking statements.
Any or all of Aon's forward-looking statements may turn out to be inaccurate, and there are no guarantees about Aon's performance. Aon and its subsidiaries operate in a dynamic business environment in which new risks may emerge frequently. Accordingly, you should not place undue reliance on forward-looking statements, which speak only as of the dates on which they are made. In addition, results for the years ended December 31, 2020 and December 31, 2021, are not necessarily indicative of results that may be expected for any future period, particularly in light of the continuing effects of the COVID-19 pandemic. Further information concerning Aon and its businesses, including factors that potentially could materially affect Aon's financial results, is contained in Aon's filings with the Securities and Exchange Commission (the "SEC"). See Aon's Annual Report on Form 10-K for the year ended December 31, 2021 for a further discussion of these and other risks and uncertainties applicable to Aon and its businesses. These factors may be revised or supplemented in subsequent reports filed with the SEC. Aon is not under, and expressly disclaims, any obligation to update or alter any forward-looking statement that it may make from time to time, whether as a result of new information, future events or otherwise. Aon is not responsible for information contained in this communication relating to LiquiGlide, including statements regarding its operations, products or services.
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| 2022-04-21T12:40:56Z
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Never-Before-Released Super Hero Created in 2000 by Stan Lee and Marvel Animator Will Meugniot Uncovered by Former Marvel Comics Publisher Shirrel Rhoades
NEW YORK, April 21, 2022 /PRNewswire/ -- In the year 2000, Stan Lee co-created Slam-Girl with Marvel animation and comic book artist Will Meugniot, reinventing the super hero in the form of a female parody of Spider-Man. In 2017, SLH Ltd (HK) acquired the rights to the unknown super hero character franchise and approached former Marvel Comics publisher, and Lee's personally-appointed successor, Shirrel Rhoades, to spearhead sharing this super hero secret with the world.
Now, more than 20 years since her creation, Slam-Girl will debut to the world in the form of a limited-edition NFT collection. The Slam-Girl CYBERspace NFT Collection will offer 10,000 unique NFT art collectables based on the never-before-released Slam-Girl super hero character franchise. The collection will be curated by Rhoades, who rediscovered Slam-Girl among the creative properties produced by Stan Lee's Hollywood Internet animation studio from 1999-2000.
"This was a historic find – that Stan created a parody successor to Spider-Man was something very few people knew. When I discovered this never-before-released super hero character among the collection, I contacted Stan's co-creator, legendary Spider-Man and X-Men animator Will Meugniot, and enlisted his collaboration in bringing this 'lost' super hero to the world's attention."
- Shirrel Rhoades, Curator of the Slam-Girl CYBERspace NFT Collection
Meugniot designed and produced the Slam-Girl CYBERspace NFT Collection based on Stan Lee's original vision for his reinvented female super hero parody of Peter Parker. Slam-Girl's unknown origin story will be revealed through new digital artwork.
"Stan was always on the cutting edge of technology. Slam-Girl has stood the test of time – even more than 20 years later – and has always been a project I have wanted to revisit. I've been holding onto one of the best kept secrets of super hero lore, and I'm excited to finally be able to share Slam-Girl and her story with the world."
- Will Meugniot, Co-Creator of Slam-Girl
The Slam-Girl CYBERspace NFT Collection will be offered to the public by Immortals Group (a wholly owned subsidiary of CYIOS Corp) under license from SLH Ltd. The initial NFT drop is anticipated in May and will mark the official debut and global launch of the Slam-Girl super hero franchise. Following the initial drop, the project roadmap includes additional airdrops and other utilities of value for the NFT holder including a limited release Slam-Girl digital comic book created and designed by Meugniot with special edition variant covers as parodies of some of the most valuable comic books ever sold. Whitelist details surrounding the Slam-Girl CYBERspace NFT Collection will be available exclusively via the Slam-Girl NFT Discord Channel.
Join the Discord Community: Slam-Girl NFT
Instagram: @Slam-GirlNFT
Twitter: @Slam-GirlNFT
Website: https://slamgirl.io/
About SLH Ltd (HK)
SLH Ltd (HK) is the owner of a historic library of Stan Lee cyberspace related co-creations – Flash animated super heroes, super villains, webisodes, and other digital entertainment produced between 1999 and 2001.
About Immortals Group, Pty Ltd
Immortals Group, Pty Ltd is focused on the design, production, marketing and sales of super-hero NFTs as well as developing gamified NFTs for Play to Earn gaming. The Company is based in Australia and is a wholly owned subsidiary of CYIOS Corp, a US public company (ticker: CYIO). Immortals has teamed up with Hong Kong-based SLH Ltd, a company that acquired the creative assets of Stan Lee Media, Stan Lee's Hollywood-based animation studio.
Disclaimer
The Slam-Girl CYBERspace NFT Collection, SLH Ltd, or Immortals Group are not affiliated with Marvel, POW!, Genius Brands, the Estate of Stan Lee or Stan Lee Universe.
Media Contact
For further information or interviews, please contact kristin@kisstellcomm.com.
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| 2022-04-21T12:41:02Z
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Advances the work of the Maple Leaf Centre for Action on Food Security to work collaboratively to reduce food insecurity by 50% by 2030
MISSISSAUGA, ON, April 21, 2022 /PRNewswire/ - There are over 5.8 million people in Canada that struggle with food insecurityi, lacking the resources they require to access food. The impact on Black and Indigenous Peoples is especially egregious, with rates of food insecurity 2.5x higher than the national averageii.
As a shared value enterprise, Maple Leaf Foods is committed to creating social value through advancing enduring solutions to reduce food insecurity. The Maple Leaf Centre for Action on Food Security ("the Centre"), a registered charity, works collaboratively across sectors to address this systemic issue. This includes meeting the immediate needs of people by supporting capacity building in the food security sector, investing in innovative projects with the potential for scale reach, while advocating for critical public policies to achieve systemic solutions and population level impact.
Maple Leaf Foods is committing a further $10 million over the next five years to advance the work of the Centre and its partners. This will bring Maple Leaf's investment to $20 million since the Centre was launched in late 2016. Including staff time, other resource supports and product donations, the Company invests approximately 4% of pre-tax profits to support social impact work, which is core to its focus on creating shared value that benefits communities, the environment, shareholders, and other stakeholders.
Michael H. McCain, CEO of Maple Leaf Foods, and Honorary Chair of the Centre, is personally contributing an additional $2.5 million over the next five years, bringing his total support of the Centre's work to over $5 million.
"Food insecurity will not be solved by food charity. The Centre works with others to raise awareness of this issue, break the silence and stigma, and advocate for critical public policy reforms to achieve sustainable change," said Lynda Kuhn, Senior Vice-President and Chair of the Maple Leaf Centre for Action on Food Security. "This generous support from Maple Leaf and Mr. McCain will support the extraordinary work of many organizations that are bringing research, advocacy and community engagement to reduce hunger and advance social justice."
Despite notable reductions in poverty since the federal government launched its Poverty Reduction Strategy, rates of food insecurity continue to rise, affecting 15.8% of people in Canada including one in five childreni. Income level is by far the strongest predictor of food security, combined with geographic, social, health and knowledge barriers. The outcome is devastating. Food insecurity is associated with a higher prevalence of chronic diseases, higher health care costs, mental health impacts, increased social isolation and impaired academic performance.
Maple Leaf Foods is a carbon neutral company with a vision to be the most sustainable protein company on earth, responsibly producing food products under leading brands including Maple Leaf®, Maple Leaf Prime®, Maple Leaf Natural Selections®, Schneiders®, Schneiders® Country Naturals®, Mina®, Greenfield Natural Meat Co.®, Lightlife® and Field Roast™. The Company employs approximately 13,500 people and does business primarily in Canada, the U.S. and Asia. The Company is headquartered in Mississauga, Ontario and its shares trade on the Toronto Stock Exchange (MFI).
The Maple Leaf Centre for Action on Food Security is a national charity committed to working collaboratively to reduce food insecurity in Canada by 50% by 2030. The Centre advocates for structural policy solutions and invests in knowledge building and programs that advance the capacity of people and communities to achieve sustainable food security. The Centre was established in 2016 and is governed by a board of directors, including four independent experts.
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SOURCE The Maple Leaf Centre For Action On Food Security
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https://www.whsv.com/prnewswire/2022/04/21/maple-leaf-foods-michael-h-mccain-commit-125-million-reduce-food-insecurity-canada/
| 2022-04-21T12:41:08Z
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Mars will apply key learnings from programs in mint and other raw materials to tackle income inequities in cocoa farming with support from Fairtrade, USAID, I4DI and ECOOKIM
CHICAGO, April 21, 2022 /PRNewswire/ -- Mars Incorporated, a maker of chocolate for more than 100 years, today announced a new effort to improve the livelihoods of smallholder cocoa farmers. Two groundbreaking, farmer-first programs will aim to support 14,000 smallholder farmers in Côte d'Ivoire and Indonesia on a path to a sustainable living income in the next eight years. These programs were designed in consultation with cocoa farmers and development partners and build on lessons learned from Mars' recent efforts to improve livelihoods for farmers of mint and other raw materials. The findings from these new programs will be used to create a blueprint of interventions that Mars can scale across the cocoa supply chain.
"Ten years ago, Mars decoded the cocoa plant genome for the first time. Today we are aiming to crack the code on a sustainable living income for cocoa farmers to enable them and their families to thrive for generations," said Barry Parkin, Mars Chief Sustainability and Procurement Officer. "Efforts to improve farmer livelihoods based on stopgap measures or single issues in isolation will not create the change that is required. Farmers may understand what needs to be done to improve their crops and their livelihoods but might not have the market support to make those changes. In this new effort, we are committing to help remove the obstacles in their path, particularly lack of access to finance and the need to adapt to climate change."
Working with a network of leading organizations—including Fairtrade, the United States Agency for International Development (USAID), Institute for Development Impact (I4DI), and ECOOKIM, a Fairtrade Cooperatives Union that Mars has sourced from for several years—Mars will embark on what it believes could be the industry's most comprehensive effort to date designed to address persistent barriers to cocoa farmers' ability to achieve a living income.
Most cocoa today is grown on small family farms with little access to electricity, clean water, reliable roads, or quality schools. Compounding these challenges are negative effects of climate change and persistent market failures, such as disconnection from formal financial systems, underdeveloped cooperative management practices, unsustainable prices, and lack of alternative income sources to offset market volatility. These obstacles can leave cocoa farmers in poverty, unable to invest in or grow their businesses due to factors beyond their control. Despite past industry efforts to improve farmer livelihoods, the unfortunate reality is that smallholder farmer poverty has not been eradicated.
The Farmer Income Lab (FIL), a "think-do" tank founded by Mars, reviewed more than 1,500 studies detailing common interventions to increase farmer income and found only three of them raised incomes by more than 50 percent and could be sustained over time. Mars will apply these findings in a new test-and-learn approach that combines best-practice interventions to unlock the entrepreneurship of farmers, diversify income streams, and improve productivity to enhance farm resilience and accelerate incomes, with the aim of scaling successful measures more widely.
FIL research shows there is benefit in going beyond selective, short-term interventions which are not fully effective at achieving sustainable change, so Mars aims to drive long-lasting systemic impact through programs that:
- Bundle interventions—such as access to financial tools like below-market loans and mobile banking, agroforestry practices to address both climate change mitigation and adaptation, and income diversification measures—to address barriers to achieving a living income
- Customize approaches to meet farmers' unique needs as opposed to one-size-fits-all approaches
- Prioritize long-term, equitable sourcing to provide financial security
- Strengthen farmer cooperatives and market access for cocoa and other farm and non-farm goods
To further inform this effort, Mars will draw on key learnings from programs such as its Shubh Mint project, which was designed to improve incomes from mint for more than 20,000 smallholder farmers in Uttar Pradesh, India. Since its inception, the program has led to an increase in net mint crop income of over 250% and reduced the cost of production by more than 20%. The program includes interventions such as training farmers on Good Agricultural Practices; establishing four self-sustaining Farmer Producer Companies; and engaging over 8,000 women through women farmer groups (WFGs) and self-help groups (SHGs).
Mars is also working with Fairtrade and others to co-create programs for farmers tailored to varying sizes of smallholdings in different environments, contexts, and markets to meet farmers' specific challenges with customized combinations of interventions. Mars intends to forge new approaches and share its findings—including what works, and what doesn't—to help the wider industry collectively leapfrog challenges, achieve solutions that drive systemic change, and define a sustainable path toward a living income.
"Cocoa farmers and their families are struggling to make ends meet due to the changing climate, poor soil quality and long-term low prices," said Michael Gidney, Fairtrade Foundation CEO. At Fairtrade, we believe all farmers should get the incomes their hard work deserves, and we know new, farmer-centered approaches are needed to transform global supply chains. As a result, we're excited to be working with Mars to launch a major new program to support West African farmers improve their livelihoods and move towards a living income, regardless of their starting position. This program builds on Mars' ongoing commitment to sourcing Fairtrade cocoa for some of our favorite sweet treats. By investing in strengthening cocoa co-operatives, widening access to finance, and supporting farmers in diversifying their incomes, together, we hope to achieve deeper impact for farming households."
"As the prime implementing partner of ACTIVE, the Institute for Development Impact (I4DI) is delighted to work with Mars to bring lessons learned from cocoa supply chains in Ghana and Indonesia into this project," said Azra Kacapor Nurkic, I4DI CEO. Our ambition is to shape the strategic direction of cocoa sourcing decisions and allow industry players to improve the environmental and economic well-being of farming families. Through ACTIVE, Mars and I4DI are testing best in class approaches to increase cocoa productivity, preserve forests, and provide a living income for farming families today, while creating a pathway to a sustainable cocoa supply chain for generations to come. As the long-term Monitoring Evaluation and Learning (MEL) partner of Mars and its Farmer Income Lab, I4DI's aim is to pilot, gather evidence, and scale up the most promising interventions in ACTIVE to increase farmer incomes and improve biodiversity in Sulawesi. We are confident that ACTIVE will help shape the cocoa industry in Indonesia and beyond for years to come."
Mars, Fairtrade and ECOOKIM are embarking on a holistic development journey to achieve and maintain a living income for cocoa growing communities. Drawing on more than 10 years of collaboration between the project partners, the LEAP program intends to address past market failures and permanently improve outcomes for farmers. This unique initiative integrates measures that promote systemic change. The goal is to establish the fastest, most efficient, most viable route to a living income for all cocoa farmers.
This alliance of collaborating partners aims to promote cocoa agroforestry practices that address both climate change mitigation and adaptation, while improving smallholder farmer livelihoods. I4DI, Mars, and USAID co-designed ACTIVE with the aim of providing farmers with access to appropriate technologies, market infrastructure and improved financing. ACTIVE builds on evidence gathered by Mars and I4DI over a six-year period and is expected to equip farmers and their families with alternative business models and take promising practices to scale for improved climate resilience and household incomes.
In 2018, Mars announced a $1 billion investment in its Cocoa for Generations strategy, to create a modern, inclusive, and sustainable cocoa supply chain, where everyone has the opportunity to thrive, human rights are respected, and the environment is protected for generations to come. These new, innovative programs build on Mars' existing efforts and work towards its goal of sourcing 100 percent of its cocoa through its Responsible Cocoa program by 2025.
To learn more about Mars Wrigley's efforts to improve farmer livelihoods and sustainable farming practices under its Cocoa for Generations strategy, visit www.mars.com/sustainability-plan/cocoa-for-generations.
For more than a century, Mars, Incorporated has been driven by the belief that the world we want tomorrow starts with how we do business today. This idea is at the center of who we have always been as a global, family-owned business. Today, Mars is transforming, innovating, and evolving in ways that affirm our commitment to making a positive impact on the world around us.
Across our diverse and expanding portfolio of confectionery, food, and pet care products and services, we employ 133,000 dedicated Associates who are all moving in the same direction: forward. With $40 billion in annual sales, we produce some of the world's best-loved brands including DOVE®, EXTRA®, M&M's®, MILKY WAY®, SNICKERS®, TWIX®, ORBIT®, PEDIGREE®, ROYAL CANIN®, SKITTLES®, BEN'S ORIGINAL™, WHISKAS®, COCOAVIA®, and 5™; and take care of half of the world's pets through our pet health services AniCura, Banfield Pet Hospitals™, BluePearl®, Linnaeus, Pet Partners™, and VCA™.
We know we can only be truly successful if our partners and the communities in which we operate prosper as well. The Mars Five Principles – Quality, Responsibility, Mutuality, Efficiency, and Freedom – inspire our Associates to take action every day to help create a world tomorrow in which the planet, its people, and pets can thrive.
For more information about Mars, please visit www.mars.com. Join us on Facebook, Twitter, Instagram, LinkedIn and YouTube.
MEDIA CONTACTS:
Mars Wrigley
Prita Wadhwani (Chicago)
Email: prita.wadhwani@effem.com
Phone: (312) 735-1421
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| 2022-04-21T12:41:17Z
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- The partnership agreement between Atos and Mendix expands on the 10+ year strong relationship between Atos and Siemens
- It leverages low-code to accelerate hyper-automation, time-to-market, infrastructure modernization, and improve processes in manufacturing, retail, public sector, telecommunications and financial services
- The new partnership agreement enables Atos to drive low-code app development for digital transformation projects across the globe
BOSTON and PARIS , April 21, 2022 /PRNewswire/ -- Mendix, a Siemens business and global leader in modern enterprise application development, and Atos, a global leader in digital transformation, today announced that they have signed an expanded partnership agreement to empower Atos to leverage the Mendix low-code platform to drive hyper-automation and decarbonization in enterprises. This partnership with Mendix enhances the longstanding, trusted partnership between Atos and Siemens, cementing Atos' commitment to providing world-class, low-code solutions for global businesses.
At launch, the agreement will give Atos the license to sell Mendix low-code platform in multiple regions where Atos has a joint business collaboration with Siemens, including APAC, EMEA, and the Americas. The offering will become available in more and more countries after the initial launch.
Speeding up digitalization in manufacturing, retail, public sector, telecommunications, and financial services While enterprises continue to undergo rapid transformation as they digitalize business processes and operations, increasing economic sectors and industries are adopting IT solutions that streamline efficiency, optimize resources, and increase revenue.
Atos will leverage the Mendix low-code platform to offer the broadest range of application modernization services and to fortify its industrial expertise and capabilities. Through this partnership, Atos will enable organizations to maximize the potential of low-code applications to support new user needs for fast and modern services across the manufacturing, retail, public sector, telecommunications, and financial services industries. With the help of the Mendix low-code platform, Atos customers can now launch complex, business-oriented digital initiatives without prohibitive investment in extensive technological capabilities and expertise.
Accelerating digital decarbonization
The agreement will also support Atos' mission to push boundaries of scientific and technological excellence to ensure that its business partners, clients, and the greater society can thrive and function sustainably in a digitally secure information environment.
The Mendix platform integrates with existing components to take a circular economy approach to software development. By enabling organizations to upgrade their services one application at a time, it reduces the need for infrastructure overhauls, effectively enabling organizations to do more with less. The Mendix platform is cloud native and allows for containerized applications. This enables organizations to deploy anywhere and scale their apps to any size without redesign.
With the Mendix low-code platform, Atos can support its customers to develop low-emissions applications and thereby contribute to lowering their carbon footprints.
According to the 'Exponential Climate Action Roadmap' laid out by the World Economic Forum, digital technologies could help reduce global carbon emissions by up to 15% – or one-third of the 50% reduction required by 2030 – through digital solutions in energy, manufacturing, agriculture, transportation and traffic management. Through the new agreement, Atos and Mendix will provide those industries with solutions that immediately support their needs for decarbonization.
Atos is already building industry specific solutions based on the Mendix platform to monitor, report, and track real-time energy consumption and carbon emission across 1,800 locations globally.
Using low-code to propel legacy systems into a digital-first economy
"We are pleased to build on Siemens' long-standing relationship with Atos and create high-value services that will further support hyper-automation and decarbonization in enterprises. With a strong background in application modernization, Atos has the expertise to establish a clear roadmap to modernize legacy applications and systems. This is crucial for enterprises seeking to rebuild or replace their legacy systems. Our low-code platform and Atos' expertise are perfectly suited to accelerating that transformation," said Tim Srock, CEO, Mendix. "Through this partnership with Mendix, Atos will help organizations streamline processes, reducing the total cost and time required to change or improve their application development systems."
Speaking about the partnership, Rakesh Khanna, Head of Digital at Atos said, "As we operate within today's fast-paced digital landscape, this partnership will allow us to capitalize on the Mendix low-code platform to offer unique services that rapidly adapt and respond to our clients' market changes and opportunities, across all the industries we serve. We are confident this extension to our existing partnership with Siemens will bolster our joint commitment to create innovative solutions for enterprises looking to accelerate their digital transformation initiatives."
While enterprises continue to undergo rapid transformation as they digitalize business processes and operations, increasing economic sectors and industries are seeking IT solutions to streamline efficiency, optimize resources, and increase revenue. With the help of the Mendix low-code platform, organizations can now launch complex, business-oriented digital initiatives without prohibitive investing in extensive technological capabilities and expertise.
About Mendix
In a digital-first world, customers want their every need anticipated, employees want better tools to do their jobs, and enterprises know that sweeping digital transformation is the key to survival and success. Mendix, a Siemens business, is quickly becoming the engine of the enterprise digital landscape. Its industry-leading low-code platform and comprehensive ecosystem integrates the most advanced technology to support solutions that boost engagement, streamline operations, and relieve IT logjams. Built on the pillars of abstraction, automation, cloud, and collaboration, Mendix dramatically increases developer productivity and empowers a legion of not-so-technical, 'citizen' developers to create apps guided by their particular domain expertise, facilitated by Mendix's engineered-in collaborative capabilities and intuitive visual interface. Recognized as a leader and visionary by leading industry analysts, the platform is cloud-native, open, extensible, agile, and proven. From artificial intelligence and augmented reality to intelligent automation and native mobile, Mendix is the backbone of digital-first enterprises. The Mendix enterprise low-code platform has been adopted by more than 4,000 leading companies around the world.
Connect with Mendix
Follow @Mendix on Twitter
Connect with Mendix on LinkedIn
About Atos
Atos is a global leader in digital transformation with 109,000 employees and annual revenue of c. € 11 billion. European number one in cybersecurity, cloud and high performance computing, the Group provides tailored end-to-end solutions for all industries in 71 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos is a SE (Societas Europaea), listed on Euronext Paris and included in the CAC 40 ESG and Next 20 Paris Stock indexes.
The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.
Press Inquiries
Sara Black
sara@bospar.com
(213) 618-1501
Dan Berkowitz
Senior Director of Global Communications
Dan.Berkowitz@mendix.com
(415) 518-7870
Lucie Duchateau
Global PR Manager, Atos
lucie.duchateau@atos.net
+33 (0)7 62 85 35 10
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| 2022-04-21T12:41:23Z
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Lague's expertise bolsters Merchants' $2.5 billion commitment and strategy behind fleet electrification in North America
HOOKSETT, N.H., April 21, 2022 /PRNewswire/ -- Merchants Fleet, the nation's fastest growing fleet management company, today announced the hire of Ted Lague as Director of ESG, as part of the company's continued commitment to sustainability and ESG (Environmental, Social, and Governance) initiatives.
"Viewing corporate strategy through an ESG lens enables Merchants to engage with stakeholders who are increasingly measuring success in new and meaningful ways," said Lague. "The opportunity to do good while simultaneously doing well, is great, and I'm thrilled to lead the way with ESG at Merchants."
Lague's first initiative with Merchants was spearheading the company's inaugural ESG report, which is now available for download at https://www.merchantsfleet.com/about/corporate-sustainability.
"Ted is a highly-regarded and welcomed addition to our team who will help drive, support and enrich Merchants ESG initiatives and business growth," added Alicia Hart, vice president, human resources. "Championing diversity is a core value at Merchants, reflected across our leadership and employee base where female representation is nearly 50%, and Ted is ideally positioned to contribute to the advancement of our strategic ESG goals."
Merchants has also been named a Diversity & Inclusion Rising Champion by the University of New Hampshire, which promotes organizations that demonstrate values of equity, diversity, and inclusion. In 2022 the company will launch a 'Diversity in Fleet' initiative designed to help level the playing field for men and women within the industry.
Merchants has made a string of bold commitments toward sustainability by driving fleet electrification in North America with reservations of nearly 40,000 electric vehicles and $2.5B committed toward having its mobility fleet 50% electric by 2025, and 50% of its clients' fleets electric by 2030. In addition, more than 96% of Merchants leadership is trained in Sustainable Business Practices from Harvard Business School.
An experienced ESG strategist, Lague is the founder of MONA Environmental LLC, a sustainability company that innovated solutions to inspire the preservation, conservation, and renewal of Earth's natural resources. While at MONA, Lague integrated ESG principles into all facets of the business. From a supply chain that employed the blind and visually impaired, to generous philanthropic giving programs and scalable solutions that diverted otherwise wasted food to hungry families and renewable energy processors across New England, the company Lague built was founded on corporate social responsibility.
Lague also spent nearly a decade at Liberty Mutual Insurance, in special projects, risk management and strategic transformation roles where he frequently advised executive leadership on strategic initiatives. During his tenure, he led projects that optimized operating models, implemented performance management systems based in agile and lean principles, improved corporate processes, reduced enterprise risk, enhanced employee engagement, and innovated business, social and governance solutions that drastically improved performance for the company. Lague graduated Magna Cum Laude from the University of New Hampshire with a Bachelor of Science in Economics, and is currently based in Newburyport, MA.
About Merchants Fleet
Merchants Fleet is North America's fastest growing fleet management company, enabling the movement of people, goods and services freely and responsibly. From flexible funding, fleet acquisition and fleet management to vehicle remarketing, fleet consulting, fleet electrification, and the power of cloud-based fleet management platform TotalView®, Merchants serves as a single source for all fleet and mobility needs across more than 20 unique industries. Merchants is headquartered in New England, has its Innovation Center in the Chicago area, and serves fleet clients of all sizes throughout North America. Learn more at www.MerchantsFleet.com.
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| 2022-04-21T12:41:30Z
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Report details strategies to create a sustainable fleet ecosystem across North America.
HOOKSETT, N.H., April 21, 2022 /PRNewswire/ -- Merchants Fleet, the nation's fastest growing fleet management company, today issued its inaugural 2021 Environmental, Social and Governance (ESG) Report, highlighting its goals, strategy and plans most relevant to its business operations and stakeholders. The report acknowledges the magnitude of the environmental challenges Merchants and its clients face within the fleet industry, and also outlines ambitious goals for how it is addressing all ESG issues, both now and in the future.
"Merchants provides highly customized fleet management solutions to companies spanning more than 20 diverse industries," said Brendan P. Keegan, chief executive officer of Merchants Fleet. "ESG is foundational to who we are as a company, how we operate as a team and the way we approach our products and services. We don't view it as a separate effort, rather it is embedded in our daily efforts. Given our connection to the movement of people, goods and services, we strongly believe that our commitment to ESG and this report are vital factors that will ensure this free flow of resources accelerates in a responsible manner."
The report is available for download at https://www.merchantsfleet.com/about/corporate-sustainability. Highlights from the report and 2022 commitments include:
Fleet Electrification: In 2021, Merchants committed $2.5 billion to electric vehicles (EVs), and client EV fleets drove over 5.2 million miles, thereby preventing an estimated 1,400 metrics tons of CO2 emissions. Looking ahead, Merchants plans to electrify 50% of its mobility portfolio by 2025 and electrify 50% of its fleet portfolio by 2030.
People Engagement: Merchants employees spent 8,300 hours utilizing professional development programs and courses offered by the company. In 2021, 89% of survey respondents responded that Merchants is a "great place to work" while the average for North America was 53%. In 2022, Merchants will launch a "Diversity in Fleet" initiative, designed to help level the playing field in the fleet industry and expand efforts to build and attract a diverse candidate pool.
Supplier DEI & Sustainability: Leveraging new technology that will provide better insights into Merchants' critical suppliers and partners. In addition to its diverse set of partners, Merchants aims to add more diversity to its critical vendor list to include women-owned, minority-owned, veteran-owned, LGBTQ-owned, and disability-owned businesses, as well as survey critical vendors about their sustainability practices.
Environmental Metrics: Enhance how Merchants measures and reports its impact on the planet, while helping clients to do the same. The company is actively building technology to measure and report on greenhouse gas emissions from its leased vehicles.
Ted Lague, who was recently hired as director of ESG at Merchants, spearheaded the inaugural report as a way to reinforce the company's robust commitment to ESG. "The impact of integrating ESG with corporate strategy extends far beyond the inherent environmental, social, and corporate benefits," said Lague. "The world is rapidly changing, causing tremendous shifts in client, investor, and employee sentiment. The opportunity to do good while simultaneously doing well, is great, and I'm thrilled to help Merchants lead the way in ESG."
To address the climate crisis through action, Merchants purchased 2,200 metrics tons of carbon offsets in 2021 certified through the American Carbon Registry. This purchase was made on behalf of all of the guests who attended Merchants' 2021 Fleet Summit, effectively covering their estimated greenhouse gas emissions for an entire year. The carbon credits came from a project through The Nature Conservancy at Vermont's Burnt Mountain. Now the largest carbon project in Vermont, this newly preserved and managed land will be protected as a "forever wild" easement, which Merchants was excited to support to not only conserve habitats and fight global climate change, but also to help provide more local recreational opportunities for American communities.
About Merchants Fleet
Merchants Fleet is North America's fastest growing fleet management company, enabling the movement of people, goods and services freely and responsibly. From flexible funding, fleet acquisition and fleet management to vehicle remarketing, fleet consulting, fleet electrification, and the power of cloud-based fleet management platform TotalView®, Merchants serves as a single source for all fleet and mobility needs across more than 20 unique industries. Merchants is headquartered in New England, has its Innovation Center in the Chicago area, and serves fleet clients of all sizes throughout North America. Learn more at www.MerchantsFleet.com.
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https://www.whsv.com/prnewswire/2022/04/21/merchants-fleet-releases-inaugural-esg-report-doubles-down-sustainability-diversity-commitments-with-expanded-leadership/
| 2022-04-21T12:41:37Z
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DETROIT, April 21, 2022 /PRNewswire/ -- In today's world of technology, many youth experience the negative consequences of increased connectivity and socialization in the form of cyberbullying. Cyberbullying differs from traditional bullying in several ways, and as a result, Meridian wants to educate adults and youth across Michigan about the risks of cyberbullying and how it impacts overall health.
Cyberbullying is harassment that takes place over digital devices, social media platforms, and gaming experiences. According to the Pew Research Center, 59% of U.S. teens have been bullied or harassed online. Unlike traditional bullying, cyberbullying can take place 24 hours a day and includes actions such as making threats, spreading rumors, sharing personal information to humiliate, excluding someone on purpose, and more.
"The pervasiveness of technology has created new avenues for bullying, making it more difficult for our youth to escape its harmful effects," said Dr. Kay Judge, Meridian's Chief Medical Officer. "Cyberbullying can be uncharted territory for parents and caregivers from past generations, so Meridian wants to help raise awareness to help adults and youth recognize negative behavior and provide support."
Cyberbullying can lead to social and emotional distress, behavioral problems, and mental health issues. Additionally, youth who are bullied are at increased risk for substance misuse, academic problems, and violence to others. These effects on the mental wellbeing of youth can translate into physical health challenges later in life, extending the impact of cyberbullying long after it stops. The U.S. Surgeon General recently issued an advisory stating the youth mental health crisis has been further exposed by the COVID-19 pandemic.
To further spread awareness, Meridian is encouraging youth in Michigan to take action to promote prevention with their peers and community by participating in the Centene Institute Youth Impact Award for Cyberbullying Prevention. As part of the Centene family, Meridian invites youth ages 14-19 to watch a short video and read a fact sheet on cyberbullying before submitting their own original visual art entry that conveys cyberbullying awareness and prevention. The contest is open to eligible youth nationwide. All submissions are eligible to account for up to 10 hours of community service. The contest is now open and runs until May 20, 2022.
Below are some tips from the CDC, American Academy of Pediatrics and the Department of Health and Human Services to raise awareness and prevent cyberbullying that can inspire contest entries as well as be used to handle situations in everyday life:
- Talk about bullying to reduce stigma and identify potential instances of cyberbullying
- Plan for what to do if witnessing or experiencing bullying
- Teach youth to treat others respect and practice inclusivity
- Create positive community environments that build confidence and social skills
- If bullied, immediately stop communication and block the person via digital channels
- Speak up if you feel uncomfortable with the comments or actions of someone
- Understand the possible warning signs of emotional distress
For more information about the Youth Impact Award and how to enter, visit https://www.centeneinstituteaward.com/cyberbullying-prevention/2022. For more information on Meridian and its activities, visit mimeridian.com.
About Meridian
Meridian of Michigan is a provider of government-sponsored managed care services. We offer Medicaid and Medicare-Medicaid managed care plans to people in Michigan. Meridian is a wholly owned subsidiary of Centene Corp. (NYSE: CNC), a Fortune 25 company providing health coverage to more than 26 million Americans. For more information, visit mimeridian.com.
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https://www.whsv.com/prnewswire/2022/04/21/meridian-shines-light-cyberbullying-encourages-michigan-youth-make-difference/
| 2022-04-21T12:41:44Z
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NEW YORK, April 21, 2022 /PRNewswire/ -- Mesmerize (www.mesmerize.com), a prominent out-of-home media company specializing in patient education at the point of care, is pleased to announce the addition of HomeTown Pharmacy, a Michigan-based pharmacy chain, to its point of care network. HomeTown Pharmacy specializes in pharmacy and infusion services and has long-term care pharmacy options for senior and PACE communities, with locations in Michigan, Ohio, and Indiana.
HomeTown Pharmacy brings together the personalized service of independently owned community pharmacies with the buying power and efficiencies of a larger corporation. Mesmerize will collaborate with HomeTown Pharmacy to deliver best-in-class patient education to the communities served across HomeTown Pharmacy's locations. HomeTown Pharmacy has access to Mesmerize's full-service digital signage studio to customize each screen and create personalized messages tailored to each location.
"Growing Mesmerize's network of specialty pharmacies solidifies our commitment to patient education and expands our reach at the point of care," said Craig Mait, Mesmerize President and Chief Revenue Officer. "Mesmerize's partnership with HomeTown Pharmacy allows us to deliver valuable information to community pharmacy consumers."
"Mesmerize's technology platform connects HomeTown Pharmacy customers with valuable health and wellness information, helping us to carry out our mission to be a patient-driven, community pharmacy," said Jonathan Grice, HomeTown's President.
ABOUT HOMETOWN PHARMACY
HomeTown Pharmacy operates over 40 pharmacies around the state of Michigan, Ohio, and Indiana to include retail pharmacy, long-term care pharmacy, compounding pharmacy, and durable medical equipment with the mission of improving the health and well-being of the patients they proudly serve. For more information, please visit www.hometownpharmacy.com.
ABOUT MESMERIZE
Mesmerize is a media company that specializes in patient education at the point of care. Mesmerize provides targeted educational materials including digital and static wallboards, literature distribution, and branded medical essentials to patients and caregivers in waiting rooms, exam rooms, and other high traffic areas of doctors' offices, community-based organizations, AIDS service organizations, and independent and chain pharmacies. For more information, please visit www.mesmerize.com.
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SOURCE Mesmerize
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https://www.whsv.com/prnewswire/2022/04/21/mesmerize-expands-its-point-care-network-with-hometown-pharmacy-partnership/
| 2022-04-21T12:41:51Z
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KNOXVILLE, Tenn., April 21, 2022 /PRNewswire/ -- Magnum Venus Products (MVP), a global manufacturer of fluid movement and production solutions for industrial applications, is launching a new product, Accurate Coatings Equipment (ACE), a plural component coatings system. Developed specifically for wood finishes and sealers, the system will reduce material waste and increase production output by delivering accurate and consistent catalyzation ratios.
ACE is a plural component, or 2K, pump system for the application of conversion varnishes which use acid catalyst, as well as polyester coatings which use methyl ethyl ketone peroxide (MEKP) catalyst. The system has been proven to dramatically reduce material waste, increase efficiency, and reduce downtime by eliminating the manual mixing processes. ACE delivers accurate catalyst ratios reducing coating failures which can cause defects like clouding, flaking, peeling and delamination, often not visible for weeks and leading to costly repairs.
The key to achieving a pristine finish on wood surfaces is a correct material ratio, and MVP has been a leader in accurate metering and mixing technology for nearly a century. Now renowned for its pumping and spraying systems in the composites and fiber reinforced plastics (FRP) industries, MVP began as a distributor of coatings equipment in 1947. "We have come full circle with the launch of the ACE System," says Scott Andrews, Vice President of Commercialization for MVP. "We realized the demand for a mid-tier coating application system, and we believe ACE is a simple, cost-effective solution which will enable manufacturers to create higher quality products more efficiently."
Although the system is compatible with a variety of materials and applications, it was specifically designed for wood finishes and sealers used by manufacturers of cabinets, windows and doors, furniture, and other wood products. These manufacturers have realized material savings of more than 15% since implementing the ACE system in production. "CIS supported MVP as it developed and launched ACE," says Brad Hubbard of Coast Industrial Systems (CIS), a distributor of MVP's ACE system. "They have been a forward-thinking partner who continually puts the customer's needs first."
MVP is committed to developing new products and solutions to meet the needs of industrial manufacturers. "We have more than doubled our R&D budget over the last year," confirms Andrew Hedger, Senior Director of Business Development for MVP. "MVP has commercialized game-changing technology for the composites industry in the last few decades, and we are more committed now than ever to investing in the development of new resources to help our customers make better products with less waste."
MVP sells the ACE system through authorized distributors and directly through highly trained sales representatives. To learn more about the ACE System visit contact us.
About MVP:
Magnum Venus Products (MVP) is a global manufacturer of fluid movement and production solutions for industrial applications. MVP collaborates with its customers to offer tailored production solutions to meter, mix, dispense, and apply materials. For over 80 years, MVP has been a leading equipment provider for the marine, infrastructure, pool and bath, oil & gas, transportation, aerospace, and wind industries. Learn more at mvpind.com.
Media Contact:
Hannah Jay
hannahjay@mvpind.com
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SOURCE Magnum Venus Products
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https://www.whsv.com/prnewswire/2022/04/21/mvp-launches-ace-system-coatings-applications-wood-finishes/
| 2022-04-21T12:41:57Z
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The partnership focuses on reducing the cost of acceptance for travel payments
WASHINGTON, April 21, 2022 /PRNewswire/ -- UATP and Mystifly announced a strategic partnership in which UATP will be integrated into MystiPay, an airline payment solution from Mystifly. The partnership focuses on reducing the cost of acceptance for travel payments.
"We recognize that the airline distribution and payments landscape is complex," stated Rajeev Kumar, CEO and MD, Mystifly. "Through MystiPay, and with UATP as the scheme, we want to offer a profitable and secure payment solution that unlocks new revenue streams and better rebates, while lowering the cost of acceptance. We take great pride in partnering with UATP as both businesses share a common vision to provide a better payment opportunity for all. We look forward to maximizing the value of this partnership."
Today, Mystifly is one of the largest global B2B airfare aggregators backed by its strong travel technology vision. Mystifly offers search and retailing, order management, revenue and channel management, ancillary sales, multi-currency payment wallet and automated post booking management processes through their technology SaaS platform. Mystifly's model is to merge the gaps between aggregation, distribution, fulfilment and payments and settlements.
UATP President and CEO Ralph Kaiser commented, "Mystify continues to grow as a travel tech leader. Becoming an Issuer will enhance supplier relations and increase spending power. Mystifly will help save the industry money by utilizing UATP in its supplier relationships."
For more information, visit UATP.com or Mystifly.com.
ABOUT UATP
UATP is a global payment solution owned and operated by the world's airlines and accepted by thousands of merchants for air, rail and travel agency payments. UATP connects airlines to Alternative Forms of Payment which can expand reach and generate incremental sales globally. UATP offers easy-to-use data tools, DataStream℠ and DataMine℠, which provide comprehensive account details to Issuers and Corporate Subscribers for accurate travel management.
Accepted as a form of payment for corporate business travel worldwide by airlines, travel agencies and Amtrak®; UATP accounts are issued by: Aeromexico; Air Canada (TSE: AC); Air China; Air New Zealand (ANZFF.PK); Air Niugini; Air Serbia; American Airlines (NASDAQ: AAL); APG Airlines; Austrian Airlines; BCD Travel; China Eastern Airlines (NYSE: CEA); Delta Air Lines (NYSE: DAL); EL AL Israel Airlines; Etihad Airways; Fareportal; Frontier Airlines; GOL Linhas aereas inteligentes S.A. (NYSE: GOL and Bovespa: GOLL4); Hahn Air; Hight Point Travel; Japan Airlines (9201:JP); JetBlue Airways; Qantas Airways (QUBSF.PK); Shandong Airlines; Sichuan Airlines; Southwest Airlines; Sun Country Airlines; TUIfly GmbH; Turkish Airlines (ISE:THYAO); United Airlines (NYSE: UAL) and WestJet.
AirPlus International issues the UATP-based Company Account for Lufthansa German Airlines.
About Mystifly:
Mystifly is a travel tech leader in airline retailing envisioned to bring a positive difference in the experience of the travelers and how air travel is sold. Mystifly is the new operating system for existing or new businesses to start or grow their travel business globally. Certified by IATA as a NDC Level 4 Aggregator, Mystifly offers NDC-aligned tech stacks for businesses of every size. Founded in 2009, Mystifly unifies distribution, fulfilment and payments on a single platform that allows search, ticket, ancillary sales, post-booking services and payment for over 700 airlines including 180 LCCs, NDC and Non-NDC Airlines. Mystifly's suite of products empowers over 3000 clients globally.
Contact:
UATP Corporate Communications
Wendy Ward, wward@uatp.com
+1 202 250 4665
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SOURCE Universal Air Travel Plan, Inc. (UATP)
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https://www.whsv.com/prnewswire/2022/04/21/mystifly-joins-uatp-network/
| 2022-04-21T12:42:03Z
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New 'Imagination Way' Feature Brought the Future to Life
ARLINGTON, Va., April 21, 2022 /PRNewswire/ -- The National Automatic Merchandising Association (NAMA) welcomed an enthusiastic, full-capacity crowd for The NAMA Show 2022 in Chicago's McCormick Place (April 6-8). From the debut of Imagination Way™, to the expo hall, education and networking events, The NAMA Show 2022 delivered inspiration, insights and solutions — all uniquely packaged to benefit the convenience services industry and their customers.
"This is the time to reimagine convenience service — and a time for operators to capitalize on consumer and retail trends that will shape their future," said Carla Balakgie, FASAE, CAE, President & CEO of NAMA.
This year's show brought together industry veterans and newcomers alike, with the final tally vaulting attendance figures to near pre-pandemic numbers. "Our industry came out in force at The NAMA Show 2022. It was really powerful to see sessions full and expo hall aisles crowded. This is the single-most important event to this industry, to its growth and its ongoing evolution," said Gregory McCall, Chief Revenue Officer, Five Star Food Service, who serves as Co-Chair of the NAMA Tradeshow Advisory Council.
In Imagination Way, which stretched over 9,000 sq. ft., attendees enjoyed hands-on displays emulating new concepts and solutions in end-consumer and public environments. From a self-service café to unattended retail and package distribution in a transit center, the future of convenience services was on full parade.
Exhibits showed how technology can help operators expand services to traditional clients or capture new and different opportunities in non-traditional spaces and places. In addition to the convenience services industry, NAMA hosted representatives of adjacent industries in Imagination Way, including hotels and lodging, commercial real estate, multi-unit housing and others.
In the expo hall, vendor solutions spanned high-tech unattended retail; self-service; kiosk; foodservice and coffee solutions; better-for-you food and beverage options; and environmentally conscious equipment choices.
Thought leadership at the conference showcased two innovation icons. George Blankenship, who redefined customer engagement, experiences, and brand loyalty on behalf of Tesla Motors, Apple Computer and GAP Inc., gave the opening keynote. And award-winning author and innovation expert Jeremy Gutsche, founder and CEO of Trend Hunter, delivered a plenary session on times of crisis leading to urgency, action and ultimately to innovation.
The NAMA Show 2022 offered 20 education sessions across five tracks including the concepts and adjacencies presented in Imagination Way. NAMA's annual Industry Awards also were presented during the event.
NAMA represents the $31 billion U.S. convenience services industry. By providing advocacy, education and research, NAMA works to promote and protect the industry's nearly 160,000 hardworking employees. Through vending and micro markets, office coffee and pantry services, product manufacturing and small-drop distribution, convenience services meets the needs of over 40 million American consumers daily at work, home, school and play.
CONTACT: Kristen Keenan
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SOURCE National Automatic Merchandising Association (NAMA)
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https://www.whsv.com/prnewswire/2022/04/21/nama-show-2022-was-must-attend-triumph-convenience-services-industry/
| 2022-04-21T12:42:12Z
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A national survey on healthcare disparities, conducted by HealthCentral.com, found that young Americans are nearly three times more likely to be diagnosed with a mental health condition than older Americans, yet face more difficulty accessing follow-up treatments, diagnostic tests, and medication for their chronic conditions.
The survey also found that Black patients with chronic conditions are nearly two times more likely than white patients to put off healthcare because they don't trust the healthcare system (14% vs 8%) and more than 45% of Black patients cite race as a primary reason for slow diagnosis.
NEW YORK, April 21, 2022 /PRNewswire/ -- HealthCentral.com, a leading digital health brand that serves patients and caregivers impacted by chronic conditions, released the findings of its national survey on health disparities where more than 3,500 participants were asked about their personal experiences in health care. The survey findings, along with additional context and expert commentary, are detailed in three separate in-depth features on HealthCentral.com, covering generational, racial, and gender inequities in health care, drawing the following overall conclusions:
Changing of the Guard: Generational Shifts in Chronic Care Perceptions
https://www.healthcentral.com/article/generational-shifts-in-chronic-care-perceptions
- A Growing Crisis
- A New Model of Care
Chronic Care Disparities in the Black Community
https://www.healthcentral.com/article/chronic-care-disparities-in-the-black-community
- Treatment Mistrust Based on Race Still Exists
- Diagnosis May Be Slower
- Economics Take a Toll
Female, Chronic, and Looking for Respect
https://www.healthcentral.com/article/women-and-chronic-disease
- Trust Is Lower
- Diagnosis Is Slower
- Support Systems Are Lacking
About HealthCentral
At HealthCentral, wellness isn't just a buzzword—it's our mission. Anchored at the intersection of science and community, our editorial content delivers a perspective so often missing in health information: the support of someone who's been here, lived through that. Along with the authority of trusted experts, HealthCentral provides a clear-eyed understanding of both facts and feelings. Through real-life advice, medically vetted articles, and inspirational stories, we'll help our audience make informed decisions about their care with confidence, not fear.
CONTACT:
Carrie Kreiswirth
Remedy Health Media
ckreiswirth@remedyhealthmedia.com
646-326-9691
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SOURCE HealthCentral
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https://www.whsv.com/prnewswire/2022/04/21/national-survey-healthcare-disparities-reveals-changing-healthcare-needs-young-adults-challenges-meeting-them/
| 2022-04-21T12:42:18Z
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ALLIANCE, Ohio, April 21, 2022 /PRNewswire/ -- Nations Capital, Inc. ("NCI"), an asset management and advisory firm focused on opportunistic investments and asset remarketing, announced today that its executive management team has acquired an equity interest in International Enterprises, Inc. ("International"), a leader in reverse logistics, retail procurement, wholesale distribution, recycling and salvage since 1984. For the past 38 years, International has specialized in providing rapid, customer-focused solutions to most major retailers and wholesalers throughout the United States through equity purchases and value-added processing. The acquisition complements NCI's already robust suite of services.
"We are very excited to have an equity partner in the NCI team. As a family business, we are looking forward to working with a team of executives who share the same values and core beliefs as we do," stated Michael Farina, Chief Executive Officer of International. "We believe the opportunity to continue to service our customers and provide creative, equity-driven solutions has never been higher than in today's challenging and dynamic environment. We look forward to continuing the tremendous growth and expansion of our business in concert with NCI."
Jim Lightburn, President of NCI stated: "We are very excited to have International join the NCI team. This addition further strengthens NCI's presence in markets where International has traditionally been a leader. With the expertise of both companies, there is not a firm in the industry who can provide clients with the suite of services that NCI offers today."
International is also announcing that it has hired Frank Charles as Senior Vice President to further bolster its senior leadership team. Frank brings over 25 years of senior management experience in the reverse logistics, wholesale and retail space having served as an executive with Channel Control Merchants and Genco. In this position, Frank will be directly responsible for executing the company's extensive sourcing and wholesale sales initiatives.
About Nations Capital, Inc.
NCI is a strategic partner to companies and clients across a wide range of commercial and industrial sectors, with a particular focus and expertise in finance, restructuring, and insolvency. We provide capital, advisory services and infrastructure to guide our clients through change and growth.
About International Enterprises, Inc.
International has been a leader in reverse logistics, retail procurement and distribution since 1984, managing more than $5 billion of merchandise liquidations. Located in Ohio, with over one million square feet of owned warehouse space, International provides tailored solutions for companies to address their increasing need for more creative and sustainable retail asset solutions.
For more information, please contact:
Jim Lightburn
President
Nations Capital, Inc.
978-930-3933
jlightburn@nationscapitalinc.com
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SOURCE Nations Capital, Inc.
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https://www.whsv.com/prnewswire/2022/04/21/nations-capital-inc-executives-make-equity-investment-international-enterprises-inc/
| 2022-04-21T12:42:24Z
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JUNO BEACH, Fla., April 21, 2022 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) has posted its first-quarter 2022 financial results in a news release available on the company's website by accessing the following link: www.NextEraEnergy.com/FinancialResults.
John Ketchum, president and chief executive officer of NextEra Energy, Kirk Crews, executive vice president, finance and chief financial officer of NextEra Energy, and other members of the company's senior management team will discuss the company's first-quarter 2022 financial results during an investor presentation to be webcast live, beginning at 9 a.m. ET today. The listen-only webcast will be available on NextEra Energy's website by accessing the following link: www.NextEraEnergy.com/FinancialResults. Also discussed during the investor presentation will be financial results for NextEra Energy Partners, LP (NYSE: NEP). A replay will be available for 90 days by accessing the same link as listed above.
NextEra Energy, Inc.
NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company headquartered in Juno Beach, Florida. NextEra Energy owns Florida Power & Light Company, which is America's largest electric utility that sells more power than any other utility, providing clean, affordable, reliable electricity to more than 5.7 million customer accounts, or more than 12 million people across Florida. NextEra Energy also owns a competitive clean energy business, NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world's largest generator of renewable energy from the wind and sun and a world leader in battery storage. Through its subsidiaries, NextEra Energy generates clean, emissions-free electricity from seven commercial nuclear power units in Florida, New Hampshire and Wisconsin. A Fortune 200 company, NextEra Energy has been recognized often by third parties for its efforts in sustainability, corporate responsibility, ethics and compliance, and diversity. NextEra Energy is ranked No. 1 in the electric and gas utilities industry on Fortune's 2022 list of "World's Most Admired Companies," recognized on Fortune's 2021 list of companies that "Change the World" and received the S&P Global Platts 2020 Energy Transition Award for leadership in environmental, social and governance. For more information about NextEra Energy companies, visit these websites: www.NextEraEnergy.com, www.FPL.com, www.NextEraEnergyResources.com.
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SOURCE NextEra Energy, Inc.
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https://www.whsv.com/prnewswire/2022/04/21/nextera-energy-first-quarter-2022-financial-results-available-companys-website/
| 2022-04-21T12:42:31Z
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JUNO BEACH, Fla., April 21, 2022 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) has posted its first-quarter 2022 financial results in a news release available on the partnership's website by accessing the following link: www.NextEraEnergyPartners.com/FinancialResults.
John Ketchum, chairman and chief executive officer of NextEra Energy Partners, Kirk Crews, chief financial officer of NextEra Energy Partners, and other members of the senior management team will discuss the first-quarter 2022 financial results during an investor presentation to be webcast live, beginning at 9 a.m. ET today. The listen-only webcast will be available on NextEra Energy Partners' website by accessing the following link: www.NextEraEnergyPartners.com/FinancialResults. Results for NextEra Energy, Inc. (NYSE: NEE) also will be discussed during the same investor presentation. A replay will be available for 90 days by accessing the same link as listed above.
NextEra Energy Partners, LP
NextEra Energy Partners, LP (NYSE: NEP) is a growth-oriented limited partnership formed by NextEra Energy, Inc. (NYSE: NEE). NextEra Energy Partners acquires, manages and owns contracted clean energy projects with stable, long-term cash flows. Headquartered in Juno Beach, Florida, NextEra Energy Partners owns interests in geographically diverse wind, solar and energy storage projects in the U.S. as well as natural gas infrastructure assets in Texas and Pennsylvania. For more information about NextEra Energy Partners, please visit: www.NextEraEnergyPartners.com.
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SOURCE NextEra Energy Partners, LP
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https://www.whsv.com/prnewswire/2022/04/21/nextera-energy-partners-lp-first-quarter-2022-financial-results-available-partnerships-website/
| 2022-04-21T12:42:43Z
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VANCOUVER, BC, April 21, 2022 /PRNewswire/ - Garibaldi Resources (TSXV: GGI) (the "Company" or "Garibaldi") is pleased to announce that further to the company's 2021 ZTEM survey results (see news release March 31, 2022) at Nickel Mountain in the Eskay Camp of northwest British Columbia, 3D processing has identified several new low-resistivity ZTEM responses located 5 km northeast of the E&L nickel-copper-cobalt massive sulphide zone, including an exciting new anomaly at target B1/White Fox.
The flagship E&L project generated especially promising deep penetrating ZTEM data providing renewed focus on several drill targets to test the large geophysical anomalies beneath and along trend from E&L, for mineralization. The ZTEM survey over the remainder of the claim group also identified an unexpected alignment of high priority targets, with similar features. The B1 ZTEM anomaly which rises from a great depth like E&L, extends vertically up to the B1 VTEM conductor near surface.
Several other features elevate the B1 target to high priority status besides the coincidence of a ZTEM anomaly with a VTEM conductor. The presence of gabbroic intrusions of the Nickel Mountain Complex, and numerous in-situ surface samples and mineralized boulder train samples with elevated copper, zinc and lead over a broad 3km strike length. Also, elevated MgO concentrations up to levels found at the E&L intrusion, along with anomalous nickel, indicating the potential for magmatic sulphides.
The ZTEM data for the B1 target, which has not been drill tested provides a key target for the 2022 property scale field program which is highlighted by the following observations:
- The property-wide ZTEM survey has identified several low-resistivity responses that plunge to considerable depth, and also correlate with the location of near surface conductors from the 2017 and 2018 VTEM surveys. Coinciding ZTEM and VTEM anomalies offer strong support for the B1 target. The ZTEM response rising to surface from great depth, may be highly significant.
- Similar low-resistivity responses to those beneath the E&L mineralized zones continue along a 15 km long trend of gabbroic intrusions within the Hazelton Group, striking to the northeast towards Mount Shirley. A corridor within this belt of coincident ZTEM-VTEM responses with clusters of samples containing elevated Base Metals, aligns over a 3 km trend.
- The modelled ZTEM responses along strike coincides with base metal assays from in-situ samples and boulder trains with elevated nickel, copper and zinc. Additional conductive data supports an alignment along the northeast strike of E&L extending over and continuing past B1.
The primary exploration focus will be on the robust ZTEM-VTEM targets supported by geochemistry, and located along strike from E&L. Garibaldi will provide shareholders with more forthcoming analysis of the most prominent amongst the notable dozen new ZTEM anomalies at Nickel Mountain, as they become available.
Jeremy Hanson, Garibaldi's VP Exploration, stated: "We now have numerous ZTEM anomalies corresponding to VTEM conductors, coupled with elevated surface base metal content in samples along a significant trend. This season we will be able to hone in on the highest priority targets, for possible drill testing, likely starting with B1."
Steve Regoci, Garibaldi's CEO, stated: "We look forward to a very productive 2022 exploration season, better than expected ZTEM results have identified over a dozen significant ZTEM responses to test. These prospective targets beginning at E&L are large with deep roots, providing significant potential for further discoveries at Nickel Mountain as strong nickel and battery metal prices continue rising."
Please see www.garibaldiresources.com/investor/presentations/ for more details.
James Hutter, P.Geo., qualified person as defined by NI- 43-101, has supervised the preparation of and reviewed and approved of the disclosure of information in this news release.
Garibaldi Resources Corp. is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions in British Columbia and Mexico.
We seek safe harbor.
GARIBALDI RESOURCES CORP.
Per: "Steve Regoci"
Steve Regoci, President
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release
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SOURCE Garibaldi Resources Corp.
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https://www.whsv.com/prnewswire/2022/04/21/nickel-mountain-ztem-survey-identifies-new-pipe-like-target/
| 2022-04-21T12:42:49Z
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CHARLOTTE, N.C., April 21, 2022 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) today announced consolidated net earnings of $2.10 billion, or $7.67 per diluted share, for the first quarter of 2022, making it the most profitable first quarter in the Company's history. By comparison, Nucor reported consolidated net earnings of $2.25 billion, or $7.97 per diluted share, for the fourth quarter of 2021 and $942.4 million, or $3.10 per diluted share, for the first quarter of 2021.
"I'm incredibly proud of the Nucor Team's exceptional focus on delivering world class performance in the first quarter of 2022, especially our record results in Safety and first quarter profitability. We are grateful for the trust our customers place in the Nucor Team with every order as we strive to offer exceptional value by delivering the cleanest and most sustainable steel solutions in the world. Our key forward looking indicators for 2022 remain favorable and we expect another strong year in both earnings and cash generation," said Leon Topalian, Nucor's President and Chief Executive Officer.
Selected Segment Data
Earnings (loss) before income taxes and noncontrolling interests by segment for the first quarter of 2022 and 2021 were as follows (in thousands):
Financial Review
Nucor's consolidated net sales increased 1% to $10.49 billion in the first quarter of 2022 compared with $10.36 billion in the fourth quarter of 2021 and increased 50% compared with $7.02 billion in the first quarter of 2021. Average sales price per ton in the first quarter of 2022 increased 2% compared with the fourth quarter of 2021 and increased 68% compared with the first quarter of 2021. A total of 6,394,000 tons were shipped to outside customers in the first quarter of 2022, which was similar to the fourth quarter of 2021 and decreased 11% as compared to the first quarter of 2021. Total steel mill shipments in the first quarter of 2022 decreased 1% as compared to the fourth quarter of 2021 and decreased 11% as compared to the first quarter of 2021. Steel mill shipments to internal customers represented 22% of total steel mill shipments in the first quarter of 2022, compared with 22% in the fourth quarter of 2021 and 21% in the first quarter of 2021. Downstream steel product shipments to outside customers in the first quarter of 2022 increased 7% from the fourth quarter of 2021 and increased 2% from the first quarter of 2021.
The average scrap and scrap substitute cost per gross ton used in the first quarter of 2022 was $495, a 3% decrease compared to $508 in the fourth quarter of 2021 and a 22% increase compared to $405 in the first quarter of 2021.
Pre-operating and start-up costs related to the Company's growth projects were approximately $62 million, or $0.17 per diluted share, in the first quarter of 2022, compared with approximately $54 million, or $0.15 per diluted share, in the fourth quarter of 2021 and approximately $19 million, or $0.05 per diluted share, in the first quarter of 2021.
Overall operating rates at the Company's steel mills decreased to 77% in the first quarter of 2022 as compared to 89% in the fourth quarter of 2021 and 95% in the first quarter of 2021.
Financial Strength
At the end of the first quarter of 2022, we had $4.26 billion in cash and cash equivalents, short-term investments and restricted cash and cash equivalents on hand. The Company's $1.75 billion revolving credit facility remains undrawn and does not expire until November 2026. Nucor continues to have the strongest credit rating in the North American steel sector (Baa1/A-) with stable outlooks at both Moody's and Standard & Poor's.
Commitment to Returning Capital to Stockholders
During the first quarter of 2022, Nucor repurchased approximately 7.0 million shares of its common stock at an average price of $128.45 per share. As of April 2, 2022, Nucor had approximately 266,000,000 shares outstanding and approximately $2.94 billion remaining for repurchases under its existing authorized share repurchase program. This share repurchase authorization is discretionary and has no scheduled expiration date.
On February 22, 2022, Nucor's board of directors declared a cash dividend of $0.50 per share. This cash dividend is payable on May 11, 2022 to stockholders of record as of March 31, 2022 and is Nucor's 196th consecutive quarterly cash dividend.
First Quarter of 2022 Analysis
Steel mill segment earnings in the first quarter of 2022 decreased from the fourth quarter of 2021, primarily due to the decreased profitability of the sheet mills. While end market demand remains strong, average realized selling prices in sheet softened during the first quarter reflecting increased import volumes coupled with modest destocking. The steel products segment generated increased earnings in the first quarter of 2022 relative to the fourth quarter of 2021 due to continued strong nonresidential construction related demand and expanded profit margins. Earnings for the raw materials segment increased in the first quarter of 2022 as compared to the fourth quarter of 2021 due to improving selling prices for raw materials at the end of the quarter.
Second Quarter of 2022 Outlook
End use market demand remains strong for steel and steel products, and we remain confident that 2022 will be another year of very strong earnings and cash flow for Nucor.
We expect that the second quarter of 2022 will be the most profitable quarter in Nucor's history, surpassing the previous record set in the fourth quarter of 2021.
Second quarter earnings will be driven by increased profitability in the steel products segment, which continues to benefit from robust demand in nonresidential construction markets. In addition, the steel mills segment earnings are expected to strengthen due primarily to increased profitability at our sheet and plate mills. Similarly, Nucor's raw materials segment is expected to generate increased profits in the second quarter due to relatively higher selling prices for raw materials.
Earnings Conference Call
You are invited to listen to the live broadcast of Nucor's conference call during which management will discuss Nucor's first quarter results on April 21, 2022 at 2:00 p.m. Eastern Time. The conference call will be available over the Internet at www.nucor.com, under Investors.
About Nucor
Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel -- in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel racking; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; insulated metal panels; steel grating; and wire and wire mesh. Nucor, through The David J. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron / direct reduced iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler.
Forward-Looking Statements
Certain statements contained in this news release are "forward-looking statements" that involve risks and uncertainties which we expect will or may occur in the future and may impact our business, financial condition and results of operations. The words "anticipate," "believe," "expect," "intend," "project," "may," "will," "should," "could" and similar expressions are intended to identify those forward-looking statements. These forward-looking statements reflect the Company's best judgment based on current information, and, although we base these statements on circumstances that we believe to be reasonable when made, there can be no assurance that future events will not affect the accuracy of such forward-looking information. As such, the forward-looking statements are not guarantees of future performance, and actual results may vary materially from the projected results and expectations discussed in this news release. Factors that might cause the Company's actual results to differ materially from those anticipated in forward-looking statements include, but are not limited to: (1) competitive pressure on sales and pricing, including pressure from imports and substitute materials; (2) U.S. and foreign trade policies affecting steel imports or exports; (3) the sensitivity of the results of our operations to prevailing market steel prices and changes in the supply and cost of raw materials, including pig iron, iron ore and scrap steel; (4) the availability and cost of electricity and natural gas, which could negatively affect our cost of steel production or result in a delay or cancellation of existing or future drilling within our natural gas drilling programs; (5) critical equipment failures and business interruptions; (6) market demand for steel products, which, in the case of many of our products, is driven by the level of nonresidential construction activity in the United States; (7) impairment in the recorded value of inventory, equity investments, fixed assets, goodwill or other long-lived assets; (8) uncertainties surrounding the global economy, including excess world capacity for steel production, inflation and interest rate changes; (9) fluctuations in currency conversion rates; (10) significant changes in laws or government regulations affecting environmental compliance, including legislation and regulations that result in greater regulation of greenhouse gas emissions that could increase our energy costs, capital expenditures and operating costs or cause one or more of our permits to be revoked or make it more difficult to obtain permit modifications; (11) the cyclical nature of the steel industry; (12) capital investments and their impact on our performance; (13) our safety performance; and (14) the impact of the COVID-19 pandemic and any variants of the virus. These and other factors are discussed in Nucor's regulatory filings with the United States Securities and Exchange Commission, including those in "Item 1A. Risk Factors" of Nucor's Annual Report on Form 10-K for the year ended December 31, 2021. The forward-looking statements contained in this news release speak only as of this date, and Nucor does not assume any obligation to update them, except as may be required by applicable law.
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| 2022-04-21T12:42:58Z
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- Phase 3 NEAR-1 and NEAR-2 clinical trials met primary and key secondary endpoints
- Presbyopia is the loss of ability to focus on near objects as a result of the natural aging process and affects more than 120 million people in the U.S.
- Data from these trials (N=613) will be the basis for regulatory submission in the U.S. in the second half of 2022
PONTE VEDRA, Fla., April 21, 2022 /PRNewswire/ -- Orasis Pharmaceuticals, an emerging ophthalmic pharmaceutical company focused on developing a unique eye drop to improve near vision for people with presbyopia, today announced that the Phase 3 NEAR-1 and NEAR-2 clinical trials, which evaluated the efficacy and safety of CSF-1, its novel eye drop candidate, met their primary and key secondary endpoints. Additional details of these trials will be presented at future medical meetings and will serve as the basis for the New Drug Application submission to the U.S. Food and Drug Administration (FDA) in the second half of 2022.
In both trials, CSF-1 met its primary and key secondary endpoints on Day 8, achieving statistically significant 3-line or more gain in distance-corrected near visual acuity (DCNVA), and no loss of 1-line or more in distance visual acuity. Pooled across the two studies, 40% and 50% of participants demonstrated these gains 1-hour post-dose 1 and 1-hour post-dose 2 respectively (P<0.0001). CSF-1 also achieved statistically significant 3-line improvement at all measured time points on Days 1 and 15. On Day 15, participants achieved statistically significant 3-line or more improvement in DCNVA as early as 20 minutes and up to 8 hours post-dose 1. In addition, CSF-1 demonstrated an excellent tolerability and safety profile, with comparable redness and comfort versus vehicle, validating the preservative-free presentation and proprietary formulation of CSF-1. The most common treatment-related adverse events of headache and instillation sight pain occurred in only 6.8% and 5.8% of participants, respectively. Of all CSF-1 participants, only 2.6% reported moderate treatment-related adverse events. All other adverse events were mild.
These results were achieved with a minimum effective dose of pilocarpine hydrochloride at 0.4%, which is less than one-third the concentration of the commercially available treatment. With a proprietary vehicle, CSF-1 is formulated preservative-free and provides for dosing flexibility with a comfort and safety profile that does not compromise distance or night vision.
"Currently, optometry delivers 85% of all comprehensive eye care exams, making a difference in the vision of so many patients," said Paul Karpecki, O.D., FAAO. "New and existing presbyopia patients will come into an optometry practice that now offers presbyopia drops, as well as contact lenses and spectacles – all playing a role in the management of the patients looking for options."
"These statistically significant and clinically meaningful results are promising as eye care providers are eager to find alternate treatment options to improve quality-of-life for their patients with presbyopia, many of whom rely solely on reading glasses, which can be cumbersome," said Edward Holland, M.D., Professor of Ophthalmology, University of Cincinnati and Director of Cornea, Cincinnati Eye Institute. "Based on the efficacy and excellent tolerability demonstrated with such a minimum effective dose, I would see CSF-1 as a clear place to start many presbyopia patients."
"We are extremely pleased with these positive results, which mark a significant milestone for CSF-1 and Orasis, and they position us well to be the next product to launch in this exciting category," said Elad Kedar, Chief Executive Officer of Orasis Pharmaceuticals. "The potential of CSF-1 to provide a first-line treatment option for people living with presbyopia is promising and we look forward to working with regulatory authorities to advance CSF-1 toward commercialization."
To provide strategic options for CSF-1, Orasis plans to initiate a safety study with the option to extend long-term.
About the Studies
The Phase 3, multi-center, double-masked, parallel-group NEAR-1 and NEAR-2 clinical studies enrolled 613 participants aged 45-64 years in the U.S. with presbyopia to further evaluate the efficacy and safety of CSF-1. Participants were randomized in a one-to-one ratio of vehicle (placebo) to CSF-1 (pilocarpine hydrochloride 0.4%). CSF-1 was administered twice-daily over two weeks with four study visits: screening, Days 1 (baseline), 8 and 15. The primary endpoints were defined as the percentage of participants with a 3-line or more gain in mesopic, distance-corrected near visual acuity (DCNVA), 1-hour post-dose 1 on Day 8. Key secondary endpoints were defined as the percentage of participants with a 3-line or more gain in DCNVA and no loss of 1-line or more in distance visual acuity at 2-hours post-dose 1, 1-hour post-dose 2 and 2-hours post-dose 2 on Day 8.
For more information about the studies, please visit NEAR-1 and NEAR-2.
About CSF-1
CSF-1 is a novel corrective eye drop candidate being investigated for the treatment of presbyopia. CSF-1 is a proprietary, preservative-free formulation of low-dose pilocarpine and multi-faceted vehicle designed to achieve an optimal balance between efficacy, safety and comfort. CSF-1 improves near visual acuity through pupil modulation, resulting in a "pinhole effect" and an increase in the depth of field, thus increasing the ability to focus on near objects.
About Presbyopia
Presbyopia is the loss of ability to focus on near objects as a result of the natural aging process. It occurs mostly after the age of 40 when the crystalline lens of the eye gradually stiffens and loses flexibility. There are almost two billion people globally and more than 120 million people in the U.S. living with presbyopia. People with presbyopia experience blurred vision when performing daily tasks that require near visual acuity, such as reading a book, a restaurant menu, or messages on a smartphone. Presbyopia cannot be prevented or reversed, and it continues to progress gradually. Many existing treatment options can be either cumbersome or invasive, presenting a significant unmet need for quality-of-life improvement for people with presbyopia.
About Orasis Pharmaceuticals
Orasis Pharmaceuticals is developing CSF-1, a corrective eye drop for the treatment of presbyopia as an alternative to reading glasses. By repurposing existing and well-studied molecules, CSF-1 is designed to be effective, safe, comfortable, and easy-to-use. Orasis is led by a collaborative team of industry executives and eye care specialists with a broad range of experiences in research, development, and commercialization of pharmaceutical drugs, as well as finance and business development. Orasis is funded by a diverse group of sophisticated and experienced life science and healthcare investors including the ophthalmology focused venture capital fund Visionary Ventures, Sequoia Capital, SBI (Japan) Innovation Fund, Bluestem Capital, LifeSci Venture Partners, Maverick Ventures Israel, and other private investors. Orasis has offices in the U.S. and Israel. For more information, visit www.orasis-pharma.com and connect with us on LinkedIn: LinkedIn.
Media Contact:
Amy Phillips
aphillips@greenroompr.com
412-327-9499
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| 2022-04-21T12:43:04Z
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Partnership Brings Together Two HIT Leaders to Enhance Digital Patient Communications for Underserved Populations
SANTA BARBARA, Calif., April 21, 2022 /PRNewswire/ -- Well Health Inc., a SaaS digital health leader in patient communications and the 2021 and 2022 Best in KLAS winner in Patient Outreach, today announces a partnership with OSIS, a non-profit technology services organization providing NextGen Healthcare technology assistance to Community Health Centers. The partnership offers OSIS Members – Community Health Centers and Federally Qualified Health Centers (FQHCs) – preferred access to WELL Health's digital patient communications platform as a preferred vendor through the OSIS Partner Program.
WELL Health's patient communication platform enables conversations between patients and their providers through secure messaging in the patient's preferred channel - SMS/texting, email or phone - and preferred language.
"More than 130+ FQHCs use WELL Health to automate disjointed communications across their entire organization, eliminating the barriers that often keep patients from good clinical outcomes and better relationships with their providers," said Guillaume de Zwirek, CEO and Founder, WELL Health. "Our partnership with OSIS now pairs WELL Health's Best-in-KLAS platform with the OSIS network of Community Health Centers to help engage underserved patient populations."
As a preferred vendor in the OSIS partner program, Members can utilize WELL Health to communicate with patients throughout their entire care experience for everything from instructions before a procedure to post-appointment follow up, and more. OSIS Members can also leverage ChatAssist AI to automatically respond to thousands of routine patient inquiries to free up their staff to focus on high-touch patient interactions and mitigate staff burnout. According to a recent WELL Health study, 82 percent of surveyed clinical support staff attribute their burnout to the patient communications process.
"We choose like-minded partners who understand the needs of our Community Health Center Members and deliver top-rated products and services that make a difference," said Scott Heaton, VP of Business Development and Member Relations, OSIS. "WELL Health aligns with our service delivery model. The deep expertise of the OSIS team paired with WELL Health's innovative solution will help our Members increase the quality of care and positively advance outcomes in the modern age of community healthcare."
Since inception, WELL Health has helped Community Health Centers and FQHCs reach and engage vulnerable patient populations in their care through secure patient communications. As one use case example, healthcare providers used WELL Health to facilitate nearly 11 million COVID-19 vaccine appointments, 1.8 million of which were in partnership with FQHCs.1
"Technology is imperative to improve the patient experience," said Peter Mojarras, Chief Operations Officer, Castle Family Health Centers. "As an OSIS Member and WELL Health customer, I know first-hand the incredible expertise and role each partner brings to the table in helping community health centers, like ours, put forward the best technology to create an engaging and high-quality care experience for underserved patient populations."
WELL Health addresses the unique needs of Community Health Centers and their patient populations thanks to its suite of flexible offerings, including:
- Accessible Digital Patient Engagement. WELL Health delivers a simple SMS/texting solution that does not require an app download, internet access or even a password. It is easily accessible to diverse populations and can help ensure patients attend appointments, understand and adhere to care plans, and become more engaged in their care.
- Multilingual Patient Communications: WELL Health offers numerous languages enabling providers to engage their diverse patient population in their preferred language and overcome potential language barriers which could impede access to care.
- Call-To-Text Functionality: Providers can easily move important health conversations to text which enables Community Health Center patients - who may be busy with full-time jobs and not have time during their breaks to wait on hold - to engage with healthcare providers via text at their convenience.
For more information about the OSIS and WELL Health partnership, visit https://wellapp.com/well-osis/
OSIS, a 501(c)3 based out of Cincinnati, is the largest network of NextGen health centers in the U.S. Currently representing over 115 health centers, in 500 locations across 34 states, OSIS specializes in the implementation, customization, optimization, training, and ongoing support for NextGen Healthcare's EPM and EHR Systems. We also provide a wide range of advisory services and IT support customized to the unique demands of Health Centers. For more information about OSIS, please visit http://www.osisonline.net/.
WELL® Health is a SaaS digital health leader in patient communications and the 2021 and 2022 Best in KLAS winner in Patient Outreach. The WELL Health intelligent communications hub is the only two-way digital health solution engaging patients throughout their entire care experience. WELL Health enables conversations between patients and their providers through secure, multilingual messaging in the patient's preferred communications channel: texting, email and telephone. WELL Health helps 400 healthcare organizations facilitate more than 1.1 billion messages for 40 million patients annually. By unifying and automating disjointed communications across healthcare organizations, WELL Health reduces unnecessary provider stress and potential errors, while increasing patient visits and loyalty.
Founded in 2015, WELL Health is based in Santa Barbara, California. WELL Health has been named No. 10 on the 2021 Forbes America's Best Startup Employers list, No.133 fastest-growing company in North America on the 2021 Deloitte Technology Fast 500, and ranked on the Inc. 5000 list of fastest-growing private companies for two consecutive years.
For more information, visit https://wellapp.com.
Since the COVID vaccine became available in the United States, leading healthcare providers have used WELL Health communications technology to:
- Facilitate nearly 11 million COVID vaccine appointments (1.8 million of which were in partnership with FQHCs)1
- Send more than 81 million COVID-related messages1
1Data set from 12/9/2020 to 4/4/2022, pulled by WELL Health Data Insights.
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| 2022-04-21T12:43:12Z
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SUNNYVALE, Calif., April 21, 2022 /PRNewswire/ -- When Al Gold, the owner of the Arkansas Derby winner Cyberknife, received a diagnosis of prostate cancer, he was determined to find a potential cure for his disease while minimizing the impact of treatment on his daily life. Mr. Gold's research led him to a referral for treatment using the Accuray Incorporated (NASDAQ: ARAY) CyberKnife® System. His real-world experience and positive results compelled him to name a racehorse after the company's one-of-a-kind robotic technology.
Like countless other men, Mr. Gold hadn't experienced any symptoms prior to learning he had prostate cancer. A biopsy confirmed his condition and after exploring his options he underwent five treatments sessions with the CyberKnife System, a non-invasive treatment regimen, each lasting approximately 18 minutes. Mr. Gold credits his treatment with enabling him to continue spending time with family and participating in activities he loves – such as watching his horse, Cyberknife, win the Arkansas Derby. This is Mr. Gold's first win at a race of such high caliber, a grade 1 success, and he is looking forward to the next challenge when his horse races in the Kentucky Derby on May 7.
"When I was first told I had cancer, fear overtook all logical thought. Will I survive, what kind of treatment will I have, what about my family? Learning about the CyberKnife System gave me hope for my future. CyberKnife was a simple, pain-free treatment that enabled me to continue enjoying my life. Grateful to the successful treatment, I named my most promising horse Cyberknife," said Al Gold.
Prostates and Patients Move – Motion Matters
Many people don't realize that the prostate moves unpredictably throughout the course of treatment – sometimes as much as half an inch or 12 millimeters because of normal patient bodily functions such as filling of the bladder, gas in the bowel, or even slight patient movement during the procedure. This motion can make treatment particularly challenging because of the prostate's proximity to other sensitive anatomy like the bladder and rectum.
Failing to match the delivery of radiation therapy with the prostate movement can result in increased dose delivered to healthy tissues surrounding the tumor and decreased dose delivered to the tumor itself. This can impact the overall treatment effectiveness and increase the potential for side effects that impact a patient's quality of life.
The CyberKnife Difference – Stays on Target Every Treatment, Every Patient. Automatically
The CyberKnife System is the only radiation delivery device that can detect when the prostate moves and using artificial intelligence, synchronize the treatment delivery beam to the prostate's new position in real-time throughout the entire treatment session.
The CyberKnife System features a linear accelerator mounted to a robotic arm that is specifically designed to deliver radiation beams from potentially thousands of unique angles, targeting only the tumor while minimizing radiation dose to healthy tissue. It is this precision, made possible by the system's robotic arm and continual tracking and automatic synchronization of the radiation beam, which makes such a difference for patients. In fact, CyberKnife accuracy is sub-millimeter, meaning its pinpoint precision is less than the thickness of a coin, even as the prostate moves unpredictably.
"Hearing from people like Mr. Gold who have been successfully treated with one of the Accuray radiation delivery systems reinforces why our employees have chosen to do what they do. Our team is dedicated to developing ultra-precise technology like the CyberKnife® System which has helped men around the world overcome prostate cancer and resume healthy, full lives," said Suzanne Winter, president at Accuray. "We congratulate Mr. Gold on his Arkansas Derby win and will be standing next to him in spirit as we cheer for his three-year-old colt Cyberknife during the Kentucky Derby."
Continued Ms. Winter, "The CyberKnife System has almost two decades of clinical evidence supporting its use including the PACE-B trial, which showed that late grade two or higher bladder toxicities were experienced 50% less often with the Accuray device compared to other radiation therapy systems two years after treatment. The high degree of accuracy with which the CyberKnife System delivers radiation to prostate tumors can also be applied to tumors of the brain, breast, kidney, liver, lung, pancreas, spine, and more."
Important Safety Information
For Important Safety Information please refer to https://www.accuray.com/safety-statement.
About Accuray
Accuray is committed to expanding the powerful potential of radiation therapy to improve as many lives as possible. We invent unique, market-changing solutions that are designed to deliver radiation treatments for even the most complex cases—while making commonly treatable cases even easier—to meet the full spectrum of patient needs. We are dedicated to continuous innovation in radiation therapy for oncology, neuro-radiosurgery, and beyond, as we partner with clinicians and administrators, empowering them to help patients get back to their lives, faster. Accuray is headquartered in Sunnyvale, California, with facilities worldwide. To learn more, visit www.accuray.com or follow us on Facebook, LinkedIn, Twitter, and YouTube.
Safe Harbor Statement
Statements made in this press release that are not statements of historical fact are forward-looking statements and are subject to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release relate, but are not limited, to clinical applications, clinical results, patient experiences and patient outcomes. These forward-looking statements involve risks and uncertainties. If any of these risks or uncertainties materialize, or if any of the company's assumptions prove incorrect, actual results could differ materially from the results expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, risks identified under the heading "Risk Factors" in the company's quarterly report on Form 10-Q, filed with the Securities and Exchange Commission (the "SEC") on January 26, 2022, and as updated periodically with the company's other filings with the SEC.
Forward-looking statements speak only as of the date the statements are made and are based on information available to the company at the time those statements are made and/or management's good faith belief as of that time with respect to future events. The company assumes no obligation to update forward-looking statements to reflect actual performance or results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by applicable securities laws. Accordingly, investors should not put undue reliance on any forward-looking statements.
Media Contact:
Beth Kaplan
Public Relations Director, Accuray
+1 (408) 789-4426
bkaplan@accuray.com
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| 2022-04-21T12:43:18Z
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SAN DIEGO and CARLSBAD, Calif., April 21, 2022 /PRNewswire/ -- The San Diego Padres and Viasat Inc., (NASDAQ: VSAT) today announced that they will unveil the Viasat Military Hall of Honor this Sunday, April 24th, as part of the latest update to the Power Alley located in the right field concourse. The Padres, widely regarded as Major League Baseball's "Team of the Military" are partnering with Viasat to honor former Padres and other Major League Baseball players around the league who served in the military and pay tribute to Armed Services' veterans and those currently serving the U.S. military at home and around the world. An official unveiling event for the new area will take place Sunday before the Padres take on the Los Angeles Dodgers.
The Military Hall of Honor, located in the Power Alley main concourse near section 133 will serve as an interactive space allowing fans to view information and different content on each honoree through two (2) touchscreen televisions within the space. Fans will also be able to record and send personalized messages to active-duty military members and various military bases in a dedicated recording booth located within the Hall of Honor area.
"We are proud to be partnering with the Padres on the Military Hall of Honor to recognize the sacrifice of U.S. veterans and thank active service members around the world for their contributions," said Craig Miller, president of Viasat Government Systems. "Viasat strongly supports U.S. military service members, veterans and their families by providing employment opportunities, career and skills development, fellowships, and veterans transition workshops. A large contingent of Viasat's workforce are veterans, so supporting the military community and helping those still serving is a fundamental part of who we are and what we do every day."
"We are very proud to acknowledge and support our active military members and veterans alike through the Viasat Military Hall of Honor," said Padres CEO Erik Greupner. "Viasat is the perfect partner to help us pay homage to our troops through this new space that gives fans the opportunity to express their gratitude to military members worldwide."
Viasat employs hundreds of veterans throughout its commercial and government business segments and across offices in the U.S. and abroad. The Company was selected by the U.S. Department of Labor as a 2021 HIRE Vets Medallion Award recipient, which recognizes investments in recruiting and retaining veterans, and was separately named to Military Times' 2021 Best for Vets: Employers List. For more information about Viasat's work to support veteran employees and military families, visit the Military at Viasat careers page.
The Padres are also proud to host Military Salutes at every Sunday home game, recognizing each branch of service, veterans, families, and military milestones. For more information about the Padres' military outreach initiatives and military ticket discounts, visit www.padres.com/military.
About Viasat
Viasat is a global communications company that believes everyone and everything in the world can be connected. For more than 35 years, Viasat has helped shape how consumers, businesses, governments and militaries around the world communicate. Today, the Company is developing the ultimate global communications network to power high-quality, secure, affordable, fast connections to impact people's lives anywhere they are—on the ground, in the air or at sea. To learn more about Viasat, visit: www.viasat.com, go to Viasat's Corporate Blog, or follow the Company on social media at: Facebook, Instagram, LinkedIn, Twitter or YouTube.
Copyright © 2022 Viasat, Inc. All rights reserved. Viasat, the Viasat logo and the Viasat signal are registered trademarks of Viasat, Inc. All other product or company names mentioned are used for identification purposes only and may be trademarks of their respective owners.
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| 2022-04-21T12:43:29Z
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Presentation to review the role of melanocortins in the treatment of ocular disease and Phase 2 study results with Palatin's compound PL9643 for Dry Eye Disease
PL9643 Dry Eye Disease Phase 3 study ongoing - data expected 4Q 2022
CRANBURY, N.J., April 21, 2022 /PRNewswire/ -- Palatin Technologies, Inc. ("Palatin") (NYSE American: PTN), a biopharmaceutical company developing first-in-class medicines based on molecules that modulate the activity of the melanocortin peptide receptor system, today announced that Carl Spana, Ph.D., President and CEO of Palatin, will deliver a presentation today at the Eyecelerator@ASCRS 2022 Conference in Washington D.C.
The presentation covers the role of melanocortins in resolving inflammation, data from a Phase 2 study with Palatin's compound PL9643 for dry eye disease (DED) and information about Palatin's proprietary research programs with melanocortins in retinal disease.
Presentation details:
Session: Spotlight Presentations – Cornea
Session Date: April 21, 2022
Session Time: 9:10 am - 10:00 am EDT
Presentation Title: The Role of Melanocortin Receptor Agonists in the Treatment of Ocular Disease
The presentation will be available on Palatin's website at: www.palatin.com.
Palatin is conducting an ongoing Phase 3 clinical study (MELODY-1) with PL9643 in patients for the treatment of DED and currently expects topline data during the fourth quarter of calendar year 2022. If the program progresses as planned, an NDA submission is targeted for the first half of calendar year 2024.
PL9643 is a novel melanocortin agonist, delivered to the eye topically via eyedrops. Palatin previously announced positive results in its Phase 2 study of PL9643 for the treatment of DED. Statistically significant improvement in multiple signs and symptoms was achieved in the moderate to severe patient population after 2 weeks of dosing and at the 12-week visit. There were no safety signals identified and PL9643 had excellent ocular tolerability.
About Eyecelerator
Eyecelerator, is a partnership between ASCRS and the American Academy of Ophthalmology (AAO) to connect entrepreneurs, investors, businesses, and ophthalmologists to accelerate ophthalmic innovation and improve patient outcomes. For more information, visit https://eyecelerator.com.
American Academy of Ophthalmology (AAO)
The Academy is the world's largest association of eye physicians and surgeons. A global community of 32,000 medical doctors, it protects sight and empowers lives by setting the standards for ophthalmic education and advocating for patients and the public. The Academy innovates to advance the profession and to ensure the delivery of the highest quality eye care. Through its EyeSmart® articles on AAO.org, the Academy provides the public with the most trusted information about eye health. For more information, visit aao.org.
American Society of Cataract and Refractive Surgery (ASCRS)
ASCRS is an international educational society with nearly 8,000 ophthalmic surgeons at every career stage. Its mission is to empower anterior segment surgeons to improve the vision, outcomes, and quality of life for their patients through innovative approaches to education, advocacy, and philanthropy. For more information, visit ascrs.org.
About Dry Eye Disease (DED)
DED is a common inflammatory disease that, left untreated, can become extremely painful and lead to permanent damage to the cornea and vision. DED affects the cornea and conjunctiva of the eye resulting in irritation, redness, pain, and blurred vision. It is estimated to affect over 20 million people in the United States. The disease is characterized by insufficient moisture and lubrication in the anterior surface of the eye, leading to dryness, inflammation, pain, discomfort, irritation, diminished quality of life, and in severe cases, permanent vision impairment. Existing therapy for DED is generally regarded as inadequate by many physicians and patients, and often requires weeks or months to demonstrate activity.
About Melanocortin Receptor Agonists and Inflammation
The melanocortin receptor ("MCr") system has effects on inflammation, immune system responses, metabolism, food intake, and sexual function. There are five melanocortin receptors, MC1r through MC5r. Modulation of these receptors, through use of receptor-specific agonists, which activate receptor function, or receptor-specific antagonists, which block receptor function, can have medically significant pharmacological effects.
Many tissues and immune cells located in the eye (and other places, for example, the gut and kidney) express melanocortin receptors, empowering our opportunity to directly activate natural pathways to resolve disease inflammation.
About Palatin
Palatin is a biopharmaceutical company developing first-in-class medicines based on molecules that modulate the activity of the melanocortin and natriuretic peptide receptor systems, with targeted, receptor-specific product candidates for the treatment of diseases with significant unmet medical need and commercial potential. Palatin's strategy is to develop products and then form marketing collaborations with industry leaders to maximize their commercial potential. For additional information regarding Palatin, please visit Palatin's website at www.Palatin.com.
Forward-looking Statements
Statements in this press release that are not historical facts, including statements about future expectations of Palatin Technologies, Inc., such as statements about market potential of Vyleesi and other Palatin products in development, clinical trial results, potential actions by regulatory agencies including the FDA, regulatory plans, development programs, proposed indications for product candidates, market potential for product candidates, and potential adverse impacts due to the global COVID-19 pandemic such as delays in regulatory review, manufacturing and supply chain interruptions, adverse effects on healthcare systems and disruption of the global economy, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as that term is defined in the Private Securities Litigation Reform Act of 1995. Palatin intends that such forward-looking statements be subject to the safe harbors created thereby. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause Palatin's actual results to be materially different from its historical results or from any results expressed or implied by such forward-looking statements. Palatin's actual results may differ materially from those discussed in the forward-looking statements for reasons including, but not limited to, Palatin's ability to establish and maintain the capability for manufacturing, marketing and distribution of Vyleesi, sales of Vyleesi in the United States and elsewhere in the world, results of clinical trials, regulatory actions by the FDA and other regulatory and the need for regulatory approvals, Palatin's ability to fund development of its technology and establish and successfully complete clinical trials, the length of time and cost required to complete clinical trials and submit applications for regulatory approvals, products developed by competing pharmaceutical, biopharmaceutical and biotechnology companies, commercial acceptance of Palatin's products, and other factors discussed in Palatin's periodic filings with the Securities and Exchange Commission. Palatin is not responsible for updating for events that occur after the date of this press release.
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| 2022-04-21T12:43:36Z
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VANCOUVER, BC, April 21, 2022 /PRNewswire/ - Planet Based Foods Global Inc. (CSE: PBF) (OTCQB: PBFFF) (FRA: AZ0) ("PBFG", Planet Based Foods" or the "Company"), a San Diego-based sustainable food startup pioneering clean, nutrient-dense, plant-based meat alternatives, is proud to announce the Company's launch on Amazon.com, the world's largest retailer.
A curated selection of Planet Based Foods' innovative hemp-formulated products are now available for purchase on the Company's Amazon store, including The Original Burger, Green Chili Southwest Burger, Breakfast Sausage Patty Hot, The Original Crumble, The Italian Sausage Crumble and Variety Pack. Individual items are priced at $29 including free shipping while the Variety Pack is listed for $69.
As part of its launch strategy, Planet Based Foods has partnered with Omni ePartners ("OeP") as its broker, a leading full-service Amazon agency that focuses on increasing product awareness and driving online marketplace sales. OeP will engage in the build and optimization of the Company's Amazon page, produce top-quality content and provide ongoing marketing support via SEO/SEM research, creative advertising campaigns and other powerful brand practices.
"Launching on Amazon — the largest e-commerce retailer in the world — represents a very exciting milestone in the Company's growth journey," said Planet Based Foods' President and CEO Braelyn Davis. "Much like Google, modern consumers of today use Amazon as their go-to search engine for purchasing products, and our presence on the platform will be highly impactful in boosting brand awareness, achieving sales targets and continuously driving customers to the Planet Based Foods website."
For further details about the Company and the listing transaction, please refer to the Company's listing statement at www.thecse.com as well as the Company's profile at www.sedar.com.
To view information about the Company and subscribe to automated email alerts for future news and public filings, visit the Planet Based Foods website at www.planetbasedfoods.com.
About Planet Based Foods
PBFG, through its wholly-owned subsidiary in San Diego, California, Planet Based Foods, is a producer of sustainable plant-based meat substitutes., Planet Based Foods was founded in 2019 in San Diego, California. With a mission to build a better food system by providing hemp-formulated superfood products to people today that support our planet tomorrow, all Planet Based Foods products are 100% vegan.
ON BEHALF OF THE BOARD
"Braelyn Davis"
Braelyn Davis
President, Chief Executive Officer and Director
FORWARD-LOOKING STATEMENTS:
Certain statements included in this news release constitute forward-looking information or statements (collectively, "forward-looking statements"), including those identified by the expressions "anticipate", "assume" "believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This news release contains forward looking statements. These forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Such statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company's forward-looking statements.
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release.
For more information, please visit: www.planetbasedfoods.com or contact: Invest@planetbasedfoods.com
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| 2022-04-21T12:43:42Z
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The expansion will enable the company to place more production capability closer to customers, facilitating deeper expansion through EMEA and APAC
LONDON, April 21, 2022 /PRNewswire/ -- The EMEA and APAC team of Precision OT, a US-based optical solutions provider, is moving to a new regional headquarters, extending the size of its footprint to meet surging international demand for optical networking equipment and engineering expertise. The Swindon, UK-based facility will feature an expanded production area and an upgraded test lab to support Precision OT's team of in-house engineers in developing innovative solutions that can help network operators reduce costs and future-proof their networks.
According to MarketsandMarkets, the global optical networking market will be worth $27.8 billion by 2025 as network operators in Europe, the Middle East and APAC expand their footprints to meet end-user interest for cloud services, IoT solutions, 5G and other bandwidth-intensive services. To stay ahead of surging operator demand, Precision OT's EMEA and APAC team is not only moving to a new facility but also doubling its EMEA workforce with plans to triple it by the end of the year.
"Precision OT has had a presence in the region for quite some time, but the pace of our growth means that we have simply outgrown our original facility and are looking to add more engineering and production talent," says Rob Harrison, Vice President of EMEA and APAC. "We've invested heavily in customizing our new headquarters, outfitting it with state of the art technology and systems that will greatly expand our production capability, making it easier and faster for us to meet our customers' specialized requirements and tight timelines. Swindon is really the heart of technology and distribution outside the London area, with large shipping hubs nearby. This is a great move for our team and our customers."
Further demonstrating its local ties to the region, Precision OT recently joined the Independent Networks Cooperative Association (INCA), a UK-based institution uniting network operators and other applicable organizations in creating a competitive digital infrastructure market for the country. Around 100 Fiber-to-the-Home providers belong to INCA, many of whom are Precision OT's customers. Additionally, Precision OT recently participated in the 2021 rendition of the O-RAN Global PlugFest, which showcased the functionality and multi-vendor interoperability of O-RAN based network equipment. The company's products contributed to the successful verification of a number of solutions that were tested at the event.
To learn more about Precision OT, which recently expanded into a new, 43,000 square foot facility in Rochester, New York, visit the company's website at precisionot.com.
Precision Optical Transceivers is a system engineering company focused on optical transceivers and related active/passive optical components. For over a decade, we have helped build networks around the globe by providing high quality, custom-engineered optical solutions. For more information, visit www.precisionot.com.
For media inquiries, please contact:
Alicca Hudson
585.500.4780
marketing@precisionot.com
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| 2022-04-21T12:43:53Z
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Rachio users have saved 45+ billion gallons of water to date
DENVER, April 21, 2022 /PRNewswire/ -- For those looking to incorporate more sustainable practices into their lives this Earth Day, smart irrigation controller leader Rachio is offering 25% off its water-saving Rachio 3 Smart Sprinkler Controllers from Friday, April 22 through Saturday, April 23 on Rachio.com.
The EPA estimates that a household with an automatic landscape irrigation system that is not properly maintained and operated can waste up to 25,000 gallons (the volume of a one-car garage) of water annually. By simply replacing an existing sprinkler controller with a Rachio 3 controller homeowners can take control of their outdoor water usage and immediately begin contributing to the 45 billion-plus gallons of total water saved so far by Rachio users.
Rachio uses Weather Intelligence™ and hyper-local weather tracking to give homeowners more control while saving on their outdoor water usage by reducing run-off and waste. As an EPA WaterSense labeled product, the Rachio 3 Smart Sprinkler Controller is backed by independent, third-party certification to meet the EPA's specifications for water efficiency and performance. By using Rachio, homeowners can water up to 50% more efficiently and without the hassle of a typical sprinkler controller, all from an easy-to-use mobile app.
"Rachio is committed to doing our part to help protect the planet's water resources year-round by making sustainable water use accessible to everyone through simple and easy to use smart home technology," said Rachio CEO Kim Sentovich. "By intelligently automating yard care, we are making it simple for any homeowner regardless of skill to maintain their yard and save water year-round."
As a certified B Corp since 2017, Rachio also partners with Blue Star Recyclers, a nonprofit supporting local jobs for people with disabilities, to ensure the replaced controllers don't end up in landfills.
For more information on the Rachio 3 Smart Controller or to purchase at 25% off, please visit www.rachio.com/rachio-3/. Full press kit is available here.
Rachio is working at the intersection of residential water and technology to make sustainable water use effortless and personally rewarding. Founded in Denver in 2013, Rachio invented the first-ever smart sprinkler controller and remote watering app. Now on its third-generation technology, Rachio helps deliver the right amount of water to your yard, automatically, and has saved homeowners billions of gallons of water.
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| 2022-04-21T12:44:00Z
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HONG KONG, April 21, 2022 /PRNewswire/ -- READEN HOLDING CORPORATION (OTC PINK: RHCO), a Venture Capital Corporation which is active in the Fintech, Online Payment and E-commerce industries, today announced that the Company has filed its financial statements for the quarter ending March 2022 with OTC Markets Disclosure & News Service. RHCO reported an increase in Revenue of 634.42% compared to the quarter ending December 2021, which is also a year-over-year increase of 161.39%. After two previous quarters of minor loss, the Company has recorded a minor profit and its Net Assets saw an increase of 1.99% compared to last financial year end.
The positive result was due to the ongoing development of OkeApp (www.okepartners.com), the Company's discount referral app. The Company also see Revenue increased in Readies (www.readies.biz), its own developed e-voucher. The uptrend of OkeApp and Readies has started last quarter. Both businesses have been extending their success in Q1 2022 and continuous growth is expected in the coming quarters
In an earlier announcement, the Company disclosed that its Fintech Division, which includes OkePay, OkeApp and Readies, has recorded a 700% revenue gain in January 2022 comparing to December 2021. That one month's revenue approximately equals to the total revenue of the Division in the last six months of 2021.
Richard Klitsie, CEO of RHCO stated, "RHCO has started the year of 2022 very well, and we are so thrilled to announce the completion of its quarterly filing. We are riding on the momentum of OkeApp and Readies, and both are performing well beyond our expectations. As anticipated, last quarter we saw a profit and we are expecting at least double digital revenue growth in quarters to come. The management is working hard every day to realize our exciting strategic business plan of action, as well as RHCO's up listing plan. We are currently undergoing the process of auditing, with J&S Associate (AF002380) (Registered with US PCAOB and Malaysia MIA) (jns-associate.com) as the Auditor for the Company's up listing initiative. We are positive that RHCO's up listing to OTCQB can be finalized within this year. I strongly believe 2022 will be a cornerstone year for RHCO."
Readen Holding Corp. (www.readenholdingcorp.com) is a publicly traded Venture Capital Corporation, with major holdings in the Fintech Industry and has been increasing its investment in E-commerce and E-payment sectors, such as;
www.okepay.biz
www.readies.biz
www.okepartners.com
oktoken.biz
www.neckermanndirect.eu
www.twopercent.hk
www.fligrofood.com
RHCO is a diversified holding company, with an operating history of over 30 years, which seeks opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns, in order to maximize value for all shareholders. RHCO has subsidiaries and liaison offices in Europe and Asia.
For further information please contact RHCO at info@readenholdingcorp.com or +852 3950 5911
The RHCO corporate email address is info@readenholdingcorp.com
The RHCO corporate website can be accessed at www.readenholdingcorp.com
The RHCO Twitter account can be accessed at https://twitter.com/readenrhco
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Readen Holding Corp. to accomplish its stated plan of business. Readen Holding Corp. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Readen Holding Corp. or any other person.
Contact
Readen Holding Corp.
info@readenholdingcorp.com
+852 3950 5911
Readen Group, RHCO announcement
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| 2022-04-21T12:44:07Z
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FORT WAYNE, Ind., April 21, 2022 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD), one of the largest domestic steel producers and metals recyclers in the United States, today announced it intends to release First Quarter 2022 financial results after market close on Wednesday, April 20, 2022. The teleconference is scheduled to begin at 9:00 a.m. Eastern Daylight Time on Thursday April 21, 2022 and will be hosted by Mark D. Millett, Chairman, President, and Chief Executive Officer, and Theresa E. Wagler, Executive Vice President and Chief Financial Officer.
To participate, please dial +1.973.528.0011 at least ten minutes before the start time and reference the Steel Dynamics First Quarter 2022 Earnings Call. The teleconference can also be accessed (in listen-only mode) by visiting the company's website at www.steeldynamics.com. Webcast participants are encouraged to log in prior to the 10:00 a.m. Eastern Daylight Time start to ensure connection before the beginning of the call. An audio replay version of the teleconference can be accessed by dialing +1.919.882.2331 and entering conference ID number 45162. The audio replay link will be available on the company's website until 11:59 p.m. Eastern Daylight Time on April 27, 2022. An MP3 file of the event will be available on the company's website that can be accessed for online replay or download.
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| 2022-04-21T12:44:13Z
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SKÅNES FAGERHULT, Sweden, April 21, 2022 /PRNewswire/ -- Concentric AB's annual general meeting was held on Thursday 21 April 2022. The main resolutions passed were the following.
Regarding full details of the resolutions, a referral is made to the notice convening the AGM and the complete proposals. The notice convening the AGM and the complete proposals are available at the company's website, www.concentricab.com.
Adoption of the income statements and the balance sheets
The general meeting resolved to adopt the income statement and balance sheet and the consolidated income statement and consolidated balance sheet for the financial year 2021.
Dividend
The general meeting resolved, in accordance with the board's proposal, on a dividend of SEK 3.75 per share. The record date was set to Monday 25 April 2022. The dividend is expected to be distributed by Euroclear Sweden AB on Thursday 28 April 2022.
Discharge from liability
The general meeting discharged each who had held the position as CEO or board member from personal liability during the financial year 2021.
Board and auditors
The general meeting re-elected Karin Gunnarsson, Anders Nielsen, Susanna Schneeberger, Martin Sköld, Claes Magnus Åkesson, Petra Sundström, Joachim Rosenberg as board members. The general meeting re-elected Anders Nielsen as chair of the board.
The registered accounting firm KPMG AB was re-elected as the company's auditor.
The general meeting resolved that the chair of the board will receive SEK 900,000 (previously SEK 800,000) and that each of the other board members will receive SEK 375,000 (previously SEK 350,000). In addition, the chair of the Compensation Committee will receive SEK 125,000 (previously SEK 100,000) and member of the Compensation Committee will receive unchanged SEK 50,000. Further, it was resolved that the chair of the Audit Committee will receive SEK 175,000 (previously SEK 150,000) and member of said committee will receive unchanged SEK 75,000.
The general meeting resolved that fees will be paid to the auditor according to approved current account.
Approval of Remuneration Report
The general meeting resolved, in accordance with the board's proposal, to approve the board's remuneration report on remuneration to the CEO in accordance with Chapter 8, Section 53 a of the Swedish Companies Act.
Performance based incentive programme (LTI 2022)
In accordance with the board's proposal, the general meeting resolved to implement a long-term performance based incentive programme, LTI 2022. The programme is offered to up to 6 senior executives, including the CEO, and 7 other executives and key employees (total of 13 employees) and up to 21 senior managers within the Concentric group, who, provided an own investment in Concentric shares, are offered employee stock options that, under certain conditions, give participants the right to acquire Concentric shares after a three-year lock-up period.
The LTI 2022 is expected to result in costs of approximately MSEK 3.4 annually for Concentric if participants invest to their individual limits, the performance criteria are met and an annual share price growth of 15 per cent is assumed. In addition to this, social security charges will apply in the year of vesting, 2025. Social security charges are expected to amount to approximately MSEK 1.2 annually based on the same assumptions.
Issue of warrants and approval of transfer of warrants
As one of several options to secure a cost-efficient supply of Concentric shares for transfer under the LTI 2022, the general meeting adopted the board's proposal to issue, free of charge, 211,000 warrants to its wholly-owned subsidiary Concentric Skånes Fagerhult AB. Should the board choose the option to utilize the warrants for delivery of shares under the LTI 2022, the dilution effect will total 0.5 per cent, otherwise the warrants will lapse and the dilution effect be nil.
Furthermore, the general meeting resolved to approve that Concentric Skånes Fagerhult AB, on one or more occasions, may transfer warrants to the participants in LTI 2022 in accordance with the terms and conditions of LTI 2022, and otherwise dispose of the warrants in order to cover costs related to, or fulfil obligations occurring under, LTI 2022.
Acquisitions and transfers of own shares
In accordance with the board's proposal, the general meeting resolved to authorise the board to acquire and/or transfer own shares, which in the latter case may be resolved on with deviation from the shareholders' preferential rights, on one or more occasions until the annual general meeting 2023.
Acquisition of the company's own shares shall be made on Nasdaq Stockholm, for the purpose of, being able to improve the company's capital structure and to enable share transfers in accordance with the authorisation for the board to transfer own shares and resolution on transfer of own shares to participants in LTI 2019-2022, to increase the flexibility for the board in connection to potential future corporate acquisitions, as well as to cover costs for LTI 2019-2022 and enable delivery of shares in accordance with LTI 2019-2022. The company's total holdings of own shares must not at any time exceed 10 per cent of the total number of shares in the company.
Transfer of the company's own shares may be done for the purpose of, being able to improve the company's capital structure, to cover costs relating to LTI 2019-2022 as well as to increase the flexibility of the board in connection to potential future corporate acquisitions, by facilitating a fast and cost-efficient financing by divesting holdings of own shares. Transfer of own shares can be made either on Nasdaq Stockholm or in another manner, and the maximum number of shares that may be transferred is the total number of own shares held by the company at the time of the board's resolution to transfer the shares.
In accordance with the board's proposal, the general meeting also approved transfers of own shares to participants in the LTI 2022 on the terms and conditions that apply for the incentive programme.
Transfer of own shares to an employee share ownership trust
In accordance with the board's proposal and to enable a tax efficient delivery of shares under LTI 2022 to participants resident in the United Kingdom, the general meeting resolved that the company should be able to invite those participants to take part in a Joint Share Ownership Plan ("JSOP"). Using the JSOP will not change any terms specified in LTI 2022 and the total costs for using the JSOP are expected to be in line with those specified in the board's proposal on LTI 2022.
To facilitate the JSOP, the general meeting resolved on transfer of own repurchased shares to an employee share ownership trust equal to the maximum number of share options which may be awarded to participants who elect to join the JSOP. As specified within the terms of a joint ownership agreement, these shares will be jointly owned by the employee share ownership trust and the respective participant. The general meeting resolved that transfer of own shares may be made with deviation from the shareholders' preferential rights.
For further information, please contact Lennart Lindell, telephone: +46 766-104 004.
This information was brought to you by Cision http://news.cision.com
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| 2022-04-21T12:44:20Z
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Research Partnership with Teachers College Reveals Outcomes, Underscores Potential
OAKLAND, Calif., April 21, 2022 /PRNewswire/ -- BookNook, the leading provider of evidenced-based, high-impact online tutoring services in education, reported findings from an impact study conducted during Fall 2021 by the Consortium for Policy Research in Education (CPRE), based at Teachers College, Columbia University, demonstrating that students who received regular online tutoring via BookNook showed a statistically significant, positive effect on their reading development.
This study was conducted during an effort by Prince George's County Public Schools (PGPCS) to support student learning while schools were closed. PGCPS launched an initiative dubbed "PGCPS READS '' with BookNook. With more than 4,000 students in grades K-5 participating in the program, the study looked at the outcomes for 3rd-5th graders, representing a sample of just over 750 students. PGCPS READS utilized a remote tutoring approach that brought high-quality tutors together with small groups of students for two, thirty-minute BookNook sessions per week via Zoom. Tutors used BookNook's online standards-aligned curricular program with all participating students.
Despite the challenges facing PGCPS - and many other districts around the country - the program was implemented on a voluntary basis for families that sought additional support from the district for their children. This construct enabled researchers to compare the differences between students enrolled in BookNook's program and those who did not.
CPRE found that "third to fifth grade students with relatively higher levels of BookNook usage experienced stronger literacy development, compared to both non-BookNook students and low-usage BookNook participants." Specifically, those students with high usage of the BookNook program gained 13.3 points on teacher-administered i-Ready RIT Literacy Scale Solutions over an eight-week period, compared to 5.8 point gains, on average, by students not enrolled in the program. The use of independent measures is significant because it validates the impact of online tutoring during what CPRE called "one of the most disruptive periods in the history of U.S. education."
BookNook Founder and CEO Michael Lombardo expressed his enthusiasm for the outcomes achieved in PGCPS, saying "we see incredible outcomes on a daily basis among the schools and students we work with, so it's encouraging to have a research partner like CPRE validate that ours is an effective model for highly scaled online tutoring services in schools."
Under the US Department of Education's ESSA standards for evidence, the BookNook reading program can now be rated as Tier III.
About BookNook
Founded in 2016, BookNook is a synchronous, evidence-based online learning platform that strives to ensure equitable access to rigorous and engaging instruction through technology innovation. A comprehensive turnkey solution that brings much-needed online support and tutoring for students, BookNook has quickly grown to partner with hundreds of schools, school districts, and nonprofits across 35 states, receiving national recognition for its impact on students' reading ability and unique equity-based pricing model. For more information, visit booknooklearning.com.
About Consortium for Policy Research in Education (CPRE)
The Consortium for Policy Research in Education (CPRE) brings together education experts from renowned research institutions, including Teachers College, Columbia University; the University of Pennsylvania; Harvard University; Stanford University; the University of Michigan; the University of Wisconsin-Madison; and Northwestern University. CPRE was launched in 1985 as the first national federally funded R&D center for state and local education policy. Since then, CPRE has studied the design, implementation, and effects of hundreds of policies and programs. CPRE researchers and staff at Teachers College (CPRE-TC) are continuing this long tradition by conducting rigorous research and evaluation that aims to improve elementary and secondary education through increased educational effectiveness, equity, and access. To learn more about CPRE-TC, visit our website at www.tc.columbia.edu/cpre
Media Contact
Carolyn Pestritto
carolyn@booknooklearning.com
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| 2022-04-21T12:44:27Z
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NEW YORK, April 21, 2022 /PRNewswire/ -- Safehold Inc. (NYSE: SAFE) reported results for the first quarter 2022.
SAFE published a presentation detailing these results which can be found on its website, www.safeholdinc.com in the "Investor Relations" section.
Highlights from the earnings announcement include:
- Q1 '22 earnings per share were $0.43, a 35% increase year-over-year
- Q1 '22 revenue was $60.4 million, a 39% increase year-over-year
- Closed $677 million[1] of new originations, bringing total aggregate portfolio to $5.5 billion
- Portfolio generates annualized in-place cash rent of $164 million with an annualized yield of 5.1% and an inflation-adjusted yield of 5.7% (based on the Federal Reserve's 30-year inflation expectation of 2.49%)
- UCA grew by an estimated $1.3 billion in Q1'22, bringing total UCA to an estimated $9.4 billion
"Safehold continues to expand the ground lease industry, with robust origination volume and strong earnings growth," said Jay Sugarman, Chairman and Chief Executive Officer. "With over $1 billion of dry powder, Safehold is well positioned with ample liquidity to fund our growing pipeline of ground lease opportunities."
The Company will host an earnings conference call reviewing this presentation beginning at 10:00 a.m. ET. This conference call will be broadcast live and can be accessed by all interested parties through Safehold's website and by using the dial-in information listed below:
A replay of the call will be archived on the Company's website. Alternatively, the replay can be accessed via dial-in from 2:30 p.m. ET on April 21, 2022 through 12:00 a.m. ET on May 5, 2022 by calling:
About Safehold:
Safehold Inc. (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk. The Company, which is taxed as a real estate investment trust (REIT) and is managed by its largest shareholder, iStar Inc., seeks to deliver safe, growing income and long-term capital appreciation to its shareholders. Additional information on Safehold is available on its website at www.safeholdinc.com.
Company Contact:
Jason Fooks
Senior Vice President
Investor Relations & Marketing
T 212.930.9400
E investors@safeholdinc.com
1 Investments in Q1 '22 include $158m of new forward commitments that have not yet been funded. Such funding commitments are subject to certain conditions. There can be no assurance that Safehold will complete these transactions.
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| 2022-04-21T12:44:38Z
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INDIANA, Pa., April 21, 2022 /PRNewswire/ -- S&T Bancorp, Inc. (S&T) (NASDAQ: STBA), the holding company for S&T Bank, with operations in five markets including Western Pennsylvania, Eastern Pennsylvania, Northeast Ohio, Central Ohio and Upstate New York, announced net income of $29.1 million, or $0.74 per diluted share, for the first quarter of 2022 compared to net income of $22.5 million, or $0.57 per diluted share, for the fourth quarter of 2021 and net income of $31.9 million, or $0.81 per diluted share, for the first quarter of 2021.
First Quarter of 2022 Highlights:
- Return on average assets (ROA) of 1.25%, return on average equity (ROE) of 9.88% and return on average tangible equity (ROTE) (non-GAAP) of 14.61%.
- Pre-provision net revenue to average assets (PPNR) (non-GAAP) of 1.52%.
- Strong consumer loan growth of $38.6 million, or 9.8% annualized, compared to December 31, 2021.
- Total deposits remain stable with an improvement in the overall deposit mix to lower costing products compared to December 31, 2021.
- Nonperforming assets decreased $20.1 million, or 25%, compared to December 31, 2021.
- Net loan recoveries of $2.0 million drove a negative provision for credit losses of $0.5 million for the first quarter of 2022.
- S&T Bank was named highest in overall customer satisfaction with retail banking in the Pennsylvania region according to J.D. Power 2022 U.S. Retail Banking Satisfaction Study.*
- S&T's Board of Directors approved a $0.01 per share, or 3.4%, increase in the quarterly cash dividend to $0.30 per share compared to a $0.29 per share dividend declared in the prior quarter and a $0.02, or 7.1 percent, increase compared to the same period in the prior year.
"There is a lot to be proud of at S&T this quarter including our recognition by J.D. Power as the highest in overall customer satisfaction with retail banking in the Pennsylvania region. We are honored that our customers have great confidence and trust in us," said Chris McComish, chief executive officer. "During the quarter, we saw meaningful improvement in our credit quality, strong growth in our consumer loan portfolio and a better net interest margin with an improved outlook."
Net Interest Income
Net interest income decreased $0.7 million to $67.7 million for the first quarter of 2022 compared to $68.4 million for the fourth quarter of 2021. Net interest income related to Paycheck Protection Program (PPP) loans decreased $1.4 million to $1.7 million for the first quarter of 2022 compared to $3.1 million in the fourth quarter of 2021. Net interest income, excluding PPP, increased by $0.7 million compared to the prior quarter, in part due to higher average loans excluding PPP of $54.1 million compared to the prior quarter. Net interest margin on a fully taxable equivalent basis (NIM) (FTE) (non-GAAP) increased 4 basis points to 3.16% compared to 3.12% in the prior quarter. The increase in NIM (FTE) (non-GAAP) was primarily due to an improved asset mix and higher loan and securities yields offset by lower PPP.
Asset Quality
Asset quality improved with a $20.1 million, or 25%, decrease in nonperforming assets compared to December 31, 2021. The decrease primarily related to the sale of an other real estate owned (OREO) property which reduced nonperforming assets by $6.3 million, the return to accrual of $4.6 million of hotel loans due to improved operating performance and the pay-off of a $4.2 million commercial and industrial (C&I) nonperforming loan. Nonperforming assets to total loans plus OREO was 0.85% at March 31, 2022 compared to 1.13% at December 31, 2021. Net loan recoveries were $2.0 million for the first quarter of 2022 compared to net loan charge-offs of $17.7 million in the fourth quarter of 2021. The net recoveries primarily related to a $2.5 million recovery on a C&I relationship during the first quarter of 2022. The provision for credit losses was negative $0.5 million for the first quarter of 2022 compared to $7.1 million in the fourth quarter of 2021. The negative provision was mainly due to the recovery for the first quarter of 2022. The allowance for credit losses was 1.43% of total portfolio loans as of March 31, 2022 compared to 1.41% at December 31, 2021.
Noninterest Income and Expense
Noninterest income decreased $0.9 million to $15.2 million in the first quarter of 2022 compared to $16.1 million in the fourth quarter of 2021. Other income decreased $0.9 million primarily related to an unfavorable market valuation for a deferred compensation plan. Mortgage banking income decreased $0.5 million due to decreased activity with rising interest rates. Offsetting these decreases was an increase in debit and credit card fees of $0.6 million related to higher debit card activity. Noninterest expense decreased $2.8 million to $47.4 million for the first quarter of 2022 mainly due to a decrease of $3.4 million in salaries and employee benefits related to higher incentives in the fourth quarter of 2021. Other expense increased $0.5 million related to higher OREO expense compared to the fourth quarter of 2021.
Financial Condition
Total assets were $9.4 billion at March 31, 2022 compared to $9.5 billion at December 31, 2021. Securities increased $117.4 million compared to December 31, 2021 due to cash being redeployed to higher yielding assets. Total portfolio loans excluding PPP increased by $10.3 million compared to December 31, 2021. The consumer loan portfolio grew $38.6 million, or 9.8% annualized, with growth in all consumer categories compared to December 31, 2021. Total deposits remain stable with an improvement in the overall deposit mix to lower costing products compared to December 31, 2021. S&T continues to maintain a strong regulatory capital position with all capital ratios above the well-capitalized thresholds of federal bank regulatory agencies.
Dividend
S&T's Board of Directors approved a $0.01 per share, or 3.4%, increase in the quarterly cash dividend to $0.30 per share on April 18, 2022. This dividend compares to a $0.28 per share dividend declared in the same period in the prior year. The dividend is payable May 19, 2022 to shareholders of record on May 5, 2022.
Conference Call
S&T will host its first quarter 2022 earnings conference call live over the Internet at 1:00 p.m. ET on Thursday, April 21, 2022. To access the webcast, go to S&T's webpage at www.stbancorp.com and click on "Events & Presentations." Select "1st Quarter 2022 Earnings Conference Call" and follow the instructions. After the live presentation, the webcast will be archived on this website for at least 90 days. A replay of the call will also be available until April 28, 2022, by dialing 1.877.481.4010; the Conference ID is 44915.
About S&T Bancorp, Inc. and S&T Bank
S&T Bancorp, Inc. is a $9.4 billion bank holding company that is headquartered in Indiana, Pennsylvania and trades on the NASDAQ Global Select Market under the symbol STBA. Its principal subsidiary, S&T Bank was established in 1902 and operates in five markets including Western Pennsylvania, Eastern Pennsylvania, Northeast Ohio, Central Ohio, and Upstate New York. S&T Bank recently received the highest ranking in customer satisfaction for retail banking in the Pennsylvania region by J.D. Power. For more information visit stbancorp.com or stbank.com. Follow us on Facebook, Instagram and LinkedIn.
*S&T Bank received the highest score in Pennsylvania in the J.D. Power 2022 U.S. Retail Banking Satisfaction Study of customers' satisfaction with their primary bank. Visit jdpower.com/awards for more details.
This information contains or incorporates statements that we believe are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to our financial condition, results of operations, plans, objectives, outlook for earnings, revenues, expenses, capital and liquidity levels and ratios, asset levels, asset quality, financial position, and other matters regarding or affecting S&T and its future business and operations. Forward-looking statements are typically identified by words or phrases such as "will likely result", "expect", "anticipate", "estimate", "forecast", "project", "intend", "believe", "assume", "strategy", "trend", "plan", "outlook", "outcome", "continue", "remain", "potential", "opportunity", "comfortable", "current", "position", "maintain", "sustain", "seek", "achieve" and variations of such words and similar expressions, or future or conditional verbs such as will, would, should, could or may. Although we believe the assumptions upon which these forward-looking statements are based are reasonable, any of these assumptions could prove to be inaccurate and the forward-looking statements based on these assumptions could be incorrect. The matters discussed in these forward-looking statements are subject to various risks, uncertainties and other factors that could cause actual results and trends to differ materially from those made, projected, or implied in or by the forward-looking statements depending on a variety of uncertainties or other factors including, but not limited to: credit losses and the credit risk of our commercial and consumer loan products; changes in the level of charge-offs and changes in estimates of the adequacy of the allowance for credit losses; cyber-security concerns; rapid technological developments and changes; operational risks or risk management failures by us or critical third parties, including fraud risk; our ability to manage our reputational risks; sensitivity to the interest rate environment including a prolonged period of low interest rates, a rapid increase in interest rates or a change in the shape of the yield curve; a change in spreads on interest-earning assets and interest-bearing liabilities; the transition from LIBOR as a reference rate; regulatory supervision and oversight, including changes in regulatory capital requirements and our ability to address those requirements; unanticipated changes in our liquidity position; changes in accounting policies, practices, or guidance; legislation affecting the financial services industry as a whole, and S&T, in particular; the outcome of pending and future litigation and governmental proceedings; increasing price and product/service competition; the ability to continue to introduce competitive new products and services on a timely, cost-effective basis; managing our internal growth and acquisitions; the possibility that the anticipated benefits from acquisitions, cannot be fully realized in a timely manner or at all, or that integrating the acquired operations will be more difficult, disruptive or costly than anticipated; containing costs and expenses; reliance on significant customer relationships; an interruption or cessation of an important service by a third-party provider; our ability to attract and retain talented executives and employees; our ability to successfully manage our CEO transition; general economic or business conditions, including the strength of regional economic conditions in our market area; the duration and severity of the coronavirus ("COVID-19") pandemic, both in our principal area of operations and nationally, including the ultimate impact of the pandemic on the economy generally and on our operations; our participation in the Paycheck Protection Program; deterioration of the housing market and reduced demand for mortgages; deterioration in the overall macroeconomic conditions or the state of the banking industry that could warrant further analysis of the carrying value of goodwill and could result in an adjustment to its carrying value resulting in a non-cash charge to net income; the stability of our core deposit base and access to contingency funding; re-emergence of turbulence in significant portions of the global financial and real estate markets that could impact our performance, both directly, by affecting our revenues and the value of our assets and liabilities, and indirectly, by affecting the economy generally and access to capital in the amounts, at the times and on the terms required to support our future businesses.
Many of these factors, as well as other factors, are described in our Annual Report on Form 10-K for the year ended December 31, 2021, including Part I, Item 1A-"Risk Factors" and any of our subsequent filings with the SEC. Forward-looking statements are based on beliefs and assumptions using information available at the time the statements are made. We caution you not to unduly rely on forward-looking statements because the assumptions, beliefs, expectations and projections about future events may, and often do, differ materially from actual results. Any forward-looking statement speaks only as to the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect developments occurring after the statement is made.
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| 2022-04-21T12:44:45Z
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ST. PAUL, Minn., April 21, 2022 /PRNewswire/ -- Scotch™ Brand today announced the roll-out of its latest packaging innovation made from 100% recycled paper, Scotch™ Cushion Lock™ Protective Wrap. A sustainable alternative to plastic cushion wrap, Cushion Lock is an expanding paper wrap that offers nested protection to immobilize packaged items while on the move, no matter how bumpy the transit process may be.
Proven to protect, this innovative wrap expands by up to 60 times its original volume to fill packing boxes efficiently and effectively, eliminating the need for additional packing supplies typically required to secure and stabilize contents. Upon arrival at its destination, Cushion Lock can be easily recycled in a curbside recycling bin.
"3M applies science to life, developing innovative solutions for the world's challenges. In developing Cushion Lock, we set out to reinvent packaging. Plastic bubble has been a trusted shipping solution for decades. We wanted to create a product that replicates the protective and cushioning qualities of plastic bubble while eliminating the need for plastic. Cushion Lock is a curbside recyclable product that expands, protects and cushions shipping products," said Mark Copman, 3M president, stationery and office supplies division.
Cushion Lock easily tears by hand and its advanced self-locking technology readily fastens to itself, no scissors or tape needed to cut and secure. Simply pull Cushion Lock from the roll to expand it, wrap it around the item in a 360-degree fashion, tear the paper off the roll by hand, and place the wrapped item into box for nested and protected shipping, moving or storage. The Scotch Brand product development team rigorously tested Cushion Lock to ensure it successfully protects fragile items during the handling and transportation process.
A 1,000-foot Cushion Lock roll ideal for high volume shipping needs was introduced last fall at select office supply retailers and a convenient 30-foot-long roll for those with occasional shipping needs is now available at Target, Staples, and Amazon, with more retailers to come this year.
Cushion Lock stores flat on the roll, using up to 80% less storage space compared to traditional plastic cushion wrap. In addition, each 1,000-foot roll of Cushion Lock offsets up to nine pounds of plastic compared to traditional cushion wrap solutions, making the product well-positioned to help 3M reach its goal of reducing dependence on virgin fossil-based plastic by 125 million pounds by 2025.
For more information about Cushion Lock, visit www.scotchbrand.com/cushionlock
About Scotch™ Brand
Fun or functional. Complex or simple. Every task is unique and so is the process of accomplishing it. Those who 'DO' know it's the 'HOW' that defines the results. So next time you want to pack with the confidence of protection, or tape with the sureness of a secure seal, turn to us. Because the best shipping starts with Scotch™ Brand. Follow us on: Facebook, Instagram, Twitter or Pinterest.
About 3M
At 3M (NYSE: MMM), we apply science in collaborative ways to improve lives daily as our employees connect with customers all around the world. Learn more about 3M's creative solutions to global challenges at www.3M.com or on Twitter @3M or @3MNews.
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| 2022-04-21T12:44:54Z
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Company Assists Top Automotive Brands, Dealers, Service Providers and Banks with Rebates, Sales Incentives and Other Disbursements
CHICAGO and PHILADELPHIA, April 21, 2022 /PRNewswire/ -- Onbe, a market-leading corporate disbursements fintech, today announced its automotive business is growing as seven of the top 10 automotive brands, plus nationwide dealerships, service providers and banks, trust Onbe with their payout solutions. Onbe provides automotive-focused companies with a range of services, including solutions for service center promotions, auto loans refunds, settlements, test-drive incentives, sales incentives, streamlined payroll, loyalty programs and appeasements. Onbe helps ensure fast and easy disbursements within the automotive industry.
"Automotive-centric brands are embracing digital payments, especially as new, younger customers look to purchase vehicles. These consumers want more end-to-end digital automotive experiences, from selecting to financing to servicing their vehicles," said Bala Janakiraman, CEO of Onbe. "We've experienced tremendous growth in this sector as Onbe provides a range of critical payments solutions throughout the entire automotive ecosystem."
Onbe's 2021 automotive payments study found that to best reach millennials, businesses in the automotive sector must design a marketing program that meets their preferences for instant gratification and smooth digital experiences. Whether it's offering a loyalty program, encouraging car owners to return to the same service center or providing an immediate auto loan refund, virtual disbursements are key in motivating millennials – and their parents and younger siblings, who also prefer digital experiences – to engage with brands online, via mobile and in person.
To learn more about Onbe's automotive solutions, click here. Onbe will also be attending the Auto Finance Innovation Summit from April 25-26, 2022 in San Diego, which will showcase today's technology and tomorrow's innovation-driven opportunities to position automotive companies for success in this fast-paced digital era. Onbe is sponsoring the mid-morning coffee break on Tuesday, from 10:30-11:15 a.m. local time. Attendees are welcome to stop by and say hi for a chance at a giveaway. For those who have not registered yet, use code ONBE15 to save 15% off tickets.
Additional Resources:
- Car Shopping in 2021: How Digital Payments Drive Action Whitepaper
- Automotive Shopping in 2021: How Digital Incentives Will Help Auto Brands Adapt and Thrive Webinar
- Winning Millennial Automotive Buyers With Digital Rebates and Incentives Blog
About Onbe
With more than 25 years of industry experience and offices in Chicago, Philadelphia and London, Onbe is a fintech that manages and modernizes customer and workforce disbursements for corporate clients ranging from mid-market to the Fortune 500. Onbe's team of experts and technology platform offers clients a turnkey solution to offload their entire B2C payment operations, relieving them of the cost, complexity and risk that come with orchestrating these payments in-house. Backed by top-tier investors, Onbe delivers on today's consumer expectations for instant, digital and seamless payments. To learn more, visit www.onbe.com and follow us on LinkedIn.
Contact
Marianne Dempsey
onbe@threeringsinc.com
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| 2022-04-21T12:45:03Z
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NEW YORK, April 21, 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
Vidler Water Resources, Inc. (NASDAQ: VWTR)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Vidler Water Resources, Inc. (NASDAQ: VWTR), in connection with the proposed acquisition of VWTR by D.R. Horton, Inc. via a tender offer. Under the terms of the merger agreement, the VWTR shareholders will receive $15.75 in cash for each share of VWTR common stock owned. If you own VWTR 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/vwtr
Columbia Care Inc. (OTCQX: CCHWF)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Columbia Care Inc. (OTCQX: CCHWF) in connection with its proposed merger with Cresco Labs ("Cresco"). Under the terms of the merger agreement, CCHWF shareholders will receive 0.5579 shares of Cresco for each share of CCHWF common stock owned, representing an implied per-share merger consideration of approximately $3.07 based upon Cresco's April 20, 2022 closing price of $5.50. If you own CCHWF 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/cchwf
MoneyGram International, Inc. (NASDAQ: MGI)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of MoneyGram International, Inc. (NASDAQ: MGI), in connection with the proposed acquisition of MGI by funds affiliated with Madison Dearborn Partners, LLC. Under the terms of the acquisition agreement, MGI's shareholders will receive $11.00 in cash for each share of MGI common stock that they hold. If you own MGI 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/mgi
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
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| 2022-04-21T12:45:13Z
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ÖSTERSUND, Sweden, April 21, 2022 /PRNewswire/ -- Skanska has acquired about 3,000 square meters of land in Washington, DC, USA. The seller is Brandywine Realty Trust. The land acquisition amounts to USD 30M, about SEK 280M.
The site at 25 M Street Southeast, is located south of the United States Capitol and within close proximity to notable retail, dining, and entertainment establishments such as Nationals Park. This acquisition marks Skanska's tenth commercial venture in Greater Washington, DC metro area, and one of the few remaining opportunities for a core development site near the Capital Riverfront.
Since 2009, Skanska USA Commercial Development has invested more than USD 3 billion in commercial and multi-family projects, creating more than 1 million square meters of sustainable and community focused developments in select U.S. markets.
CONTACT:
Alicia Jones, Director Communications, Skanska USA, tel + 1 703 835 2762
Andreas Joons, Press Officer, Skanska AB, tel +46 (0)10 449 04 94
Direct line for media, tel +46 (0)10 448 88 99
This and previous releases can also be found at www.skanska.com.
This information was brought to you by Cision http://news.cision.com
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| 2022-04-21T12:45:20Z
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Leading AI company hosts 400+ global energy, manufacturing, and government leaders at HyperWerx, its 50-acre proving ground, which brings the physical world together with AI.
AUSTIN, Texas, April 21, 2022 /PRNewswire/ -- SparkCognition, a global leader in artificial intelligence (AI) software solutions perfected for business, will host Time Machine Interactive: AI in the Physical World (TMI22) at their 50-acre AI proving ground, HyperWerx today. TMI22 brings over 400 executives across critical industries such as oil and gas, renewables, manufacturing, national security, and defense to the greater Austin area. Guests will experience AI-enabled interconnected and intelligent physical systems, which include examples of IoT, autonomous flight, augmented reality, and cybersecurity. TMI22 is presented by SparkCognition, Gold Sponsor DLA Piper, Bronze Sponsor Raytheon Technologies, SkyGrid, and SparkCognition Government Systems (SGS).
"In the face of climate change and net-zero initiatives, aging and failing assets, emerging cyberthreats to IT and OT infrastructure, an aging workforce and consequential skill gaps, and data overload, AI has become a necessity for every industry," said Stephen Gold, Chief Marketing Officer of SparkCognition. "At TMI22, we are pleased to welcome leading minds from across these sectors to explore tangible, actionable ways in which organizations can tackle their most critical problems and achieve meaningful bottom-line performance."
TMI22 features speakers from major industries, including:
- General Robert B. Neller, 37th Commandant of the United States Marine Corps (Retired)
- Igor Bergman, VP of Cloud & Software, Lenovo
- Amogh Bhonde, VP, Siemens Energy
- Matthew Benigni, Chief Data Officer, Army Futures Command
- Theresa L. Broussard, Manager, Enterprise OE Risk Management, Chevron Corporation
- Michael D. Brasseur, Commodore - Task Force 59, Commander, Unmanned & A.I. Integration
- Jae Choi, Head of North America Region, Trina Storage
- Kimberly Crider, Major General (Retired) & Managing Director, AI Innovation, Deloitte
- Annette Anderson, Principal Portfolio Manager, BP Wind
- John Marinos, CEO and Managing Director, Trovon Group
- Francesco Menapace, General Manager, Exploration Technology, Shell
- Scott Parent, CTO Digital Solutions, Baker Hughes
- David Spirk, Former Chief Data Officer, DoD
- Michael Stewart, Director, U.S. Navy Unmanned Task Force
- Chris Tomlinson, Columnist, Houston Chronicle
- Josh Wilson, SVP, LMI Consulting
- And more
The technology demonstrations at TMI22 include:
- Unmanned aerial vehicles (UAVs) for site inspection, safety, and security
- Autonomous flight capabilities for search and rescue missions
- Visual AI and alerting for health, safety, and environment (HSE) initiatives
- Anomaly detection and performance optimization for energy and manufacturing
- Augmented reality, natural language processing (NLP), and data optimization for fleet maintenance and mission readiness
- Real-time monitoring and decision optimization for maritime fleet management
- Predictive and prescriptive maintenance to improve renewable asset management and increase energy production
To learn more about SparkCognition, visit www.sparkcognition.com.
About SparkCognition
SparkCognition's award-winning AI solutions allow organizations to predict future outcomes, optimize processes, and prevent cyberattacks. We partner with the world's industry leaders to analyze, optimize, and learn from data, augment human intelligence, drive profitable growth, and achieve operational excellence. Our patented AI, machine learning, and natural language technologies lead the industry in innovation and accelerate digital transformation. Our solutions allow organizations to solve critical challenges—prevent unexpected downtime, maximize asset performance, optimize prices, and ensure worker safety while avoiding zero-day cyberattacks on essential IT and OT infrastructure. To learn more about how SparkCognition's AI solutions can unlock the power in your data, visit www.sparkcognition.com.
SparkCognition Contact Info
Cara Schwartzkopf
Communications Manager
cschwartzkopf@sparkcognition.com
251-501-6121
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| 2022-04-21T12:45:27Z
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DALLAS, April 21, 2022 /PRNewswire/ -- Specialty Comp Insurance Solutions, Division of Specialty Program Group, LLC, announced today that Steve Math, FCAS, has been promoted to President & Chief Executive Officer of Specialty Comp Insurance Solutions (SCIS), reporting to Chris Treanor President of Specialty Program Group LLC. Steve takes the leadership helm from Jay Chase, who will be joining the SPG leadership team as Executive Vice President and consultant assisting SPG in its strategic growth planning.
Steve joined SCIS in 2019 as Executive Vice President and Chief Underwriting Officer, bringing over thirty-five years of experience in the industry and in executive level positions in both Underwriting and Actuarial. Prior to SCIS, Steve served as Senior Vice President of Underwriting & Field Operations with Texas Mutual Insurance Company, the leading provider of workers' compensation in Texas. At Texas Mutual, Steve was responsible for all underwriting, actuarial, and agency-related operations. Steve has also served as Chief Actuary at Argo Group, ACE USA, CNA–Standard Lines, and TIG Insurance Group. In addition to being a Fellow of the Casualty Actuarial Society (FCAS), Steve is also a Chartered Property & Casualty Underwriter (CPCU). Steve graduated from M.I.T. with a degree in Mathematics and received a Masters degree in Management from the University of Texas at Dallas.
"Steve has been working closely with Jay in a leadership capacity at Specialty Comp so his transition to President & CEO will be seamless for clients and our team," said Chris Treanor, President & CEO of Specialty Program Group. "It's great to have someone of Steve's extensive experience, actuarial background, and demonstrated leadership on the team and ready to assume this important role."
Jay Chase commented, "Steve's been a tremendous asset in leading our organization since his arrival in 2019. He helped us navigate and grow through the challenging COVID period. Steve also added new dimensions to an already strong underwriting team who have been with SCIS since its founding over 10 years ago. With Steve's leadership, SCIS projects to write more than $150 million of premium in 2022."
About Specialty Comp Insurance Solutions
Specialty Comp Insurance Solutions is a national workers' compensation facility specializing in underwriting for middle market, hard to place, high hazard risks. Specialty Comp is a division of Specialty Program Group and is headquartered in Dallas, TX. For more information, please visit www.specialtycompins.com.
About Specialty Program Group
Headquartered in Summit, NJ, Specialty Program Group is a fully licensed holding company established to acquire and scale best-in-class insurance underwriting facilities and specialty businesses throughout North America. SPG has 18 portfolio companies and is over one and half billion in premium. For more information, please visit www.specialtyprogramgroup.com.
CONTACT:
Media: Chris Lamitola
Phone: 908-790-6749
christopher.lamitola@specialtyprogramgroup.com
M&A: Chris Treanor
Phone: 908-790-6884
Chris.treanor@specialtyprogramgroup.com
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SOURCE Specialty Program Group
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https://www.whsv.com/prnewswire/2022/04/21/steve-math-promoted-president-amp-ceo-specialty-comp-insurance-solutions-division-specialty-program-group-llc/
| 2022-04-21T12:45:33Z
|
WHIPPANY, N.J., April 21, 2022 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE: SPH), today announced that its Board of Supervisors declared a quarterly distribution of $0.325 per Common Unit for the three months ended March 26, 2022. This quarterly distribution rate equates to an annualized rate of $1.30 per Common Unit. The distribution is payable on May 10, 2022 to Common Unitholders of record as of May 3, 2022.
Nominees are hereby notified that there is a withholding requirement at the highest applicable effective tax rates for foreign partners from the cash distribution under Section 1446 of the Internal Revenue Code.
About Suburban Propane Partners, L.P.
Suburban Propane Partners, L.P. ("Suburban Propane") is a publicly traded master limited partnership listed on the New York Stock Exchange. Headquartered in Whippany, New Jersey, Suburban Propane has been in the customer service business since 1928 and is a nationwide distributor of propane, renewable propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity and an investor in low carbon fuel alternatives, servicing the energy needs of approximately 1 million residential, commercial, governmental, industrial and agricultural customers through approximately 700 locations across 42 states. Suburban Propane is supported by three core pillars: (1) Suburban Commitment – showcasing Suburban Propane's 90+ year legacy, and ongoing commitment to the highest standards for dependability, flexibility, and reliability that underscores Suburban Propane's commitment to excellence in customer service; (2) SuburbanCares – highlighting continued dedication to giving back to local communities across Suburban Propane's national footprint and (3) Go Green with Suburban Propane - promoting the clean burning and versatile nature of propane and renewable propane as a bridge to a green energy future and developing the next generation of renewable energy. For additional information on Suburban Propane, please visit www.suburbanpropane.com.
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SOURCE Suburban Propane Partners, L.P.
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https://www.whsv.com/prnewswire/2022/04/21/suburban-propane-partners-lp-declares-quarterly-distribution-0325-per-common-unit/
| 2022-04-21T12:45:40Z
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