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Tovar has played a key role in the global fintech company's three recent acquisitions in six months, and will manage all post-purchase integrations in his new position
TORONTO , Aug. 23, 2022 /PRNewswire/ - Global fintech company Givex announced today the promotion of longtime employee Juan Tovar to SVP of Corporate Integrations. This news comes on the heels of Givex's most recent acquisition of UK-based Counter Solutions, LTD., the third acquisition in the last six months.
After joining Givex in 2010 as Director of Client Services, Tovar was promoted in 2015 to Vice President of Client Services. In his new role as SVP of Corporate Integrations, Tovar will continue to play a key role in Givex's acquisition growth strategy.
"Givex has made major strides in our strategic growth plan with the acquisitions of Counter Solutions, Loyalty Lane and Kalex in the last six months," said Don Gray, CEO of Givex. "One of the most important parts of the acquisition process is the after-purchase integration of new team members and products with Givex tools and procedures. Juan has done a fantastic job of making this process as seamless as possible for both current and new team members while adhering to our proven internal processes. With the support of Juan and other key members of our team, our plan is to continue looking for acquisition opportunities in all of our markets to continue building our client base."
To support its growth strategy, Givex has acquired four companies in 18 months, which add additional products to Givex's tech ecosystem and expand the depth of its global client base. This strategy has proven to be successful, with the company's Q2 financial results reporting a revenue increase of 36% to $16.8 million and an increase in customer locations of 25% to 116,000, compared to the three-month period ending June 30, 2021.
17% of Givex's 323 employees have been with the company for more than ten years, and 32% have been at Givex for more than five years. Longevity is a rarity in the turnover-heavy technology industry, which illustrates the company's commitment to employee retention and career development.
"I am just as inspired and grateful to work at this company today as I was when I started twelve years ago," said Tovar. "The Givex team is constantly innovating and expanding our presence in the marketplace while also finding new ways to reward long-tenured employees and keep them invested in the company's success."
Due to its rapid growth, Givex is hiring for a number of roles in various departments. For more information about current job openings, please visit https://careers.givex.com/.
Givex (TSX: GIVX) (OTCQX: GIVXF) is a global fintech company providing merchants with customer engagement, point of sale and payment solutions, all in a single platform. We are integrated with 1000+ technology partners, creating a fully end-to-end solution that delivers powerful customer insights. Our platform is used by some of the world's largest brands, comprising approximately 116,000 locations across more than 100 countries. Learn more at givex.com.
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SOURCE Givex | https://www.whsv.com/prnewswire/2022/08/23/givex-promotes-longtime-employee-juan-tovar-svp-corporate-integrations/ | 2022-08-23T11:47:36Z |
VANCOUVER, BC, Aug. 23, 2022 /PRNewswire/ - Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) ("Graphite One" or the "Company") announces that the Company has arranged a shares for debt transaction (the "Debt Settlement Transaction") to settle outstanding debt in an aggregate of US$6,775,230, including US$1,819,230 of accrued interest, owing pursuant to an unsecured loan facility dated September 6, 2019, as amended and extended, between Taiga Mining Company, Inc. ("Taiga") and the Company .
Anthony Huston, President and CEO of Graphite One, commented "Graphite One is very appreciative for Taiga's continued support as the Company continues to advance its Graphite One Project and execute on our vision to become an American producer of high-grade anode materials".
Pursuant to the terms of the Debt Settlement Transaction, the Company will issue 9,812,791 common shares (the "Settlement Shares") at a deemed price of CA$0.90 per share to Taiga in full settlement of the debt. The Settlement Shares will be subject to a statutory four months and one day hold period pursuant to applicable securities laws. The Debt Settlement Transaction is subject to final approval by the TSX Venture Exchange.
The Debt Settlement Transaction constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transaction ("MI 61-101") as Taiga is an insider of the Company. The Company is relying on exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the Debt Settlement Transaction with Taiga does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101.
The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the Debt Settlement Transaction, which the Company deems reasonable in the circumstances as the Company wishes to improve its financial position by reducing accrued liabilities as soon as possible.
As a result of this transaction, Taiga now holds 28,407,697 common shares and 6,509,232 warrants to purchase additional common shares of the Company. Additional information concerning the foregoing will be contained in the Early Warning Report to be filed by Taiga on SEDAR under the Company's profile.
GRAPHITE ONE INC. (GPH: TSX‐V; GPHOF: OTCQB) continues to develop its Graphite One Project (the "Project"), whereby the Company could potentially become an American producer of high-grade anode materials that is integrated with a domestic graphite resource. The Project is proposed as a vertically integrated enterprise to mine, process and manufacture high grade anode materials primarily for the lithium‐ion electric vehicle battery market. As set forth in the Company's preliminary economic assessment, potential graphite mineralization mined from the Company's Graphite Creek Property, is expected to be processed into concentrate at a graphite processing plant. The proposed processing plant would be located on the Graphite Creek Property situated on the Seward Peninsula about 60 kilometers north of Nome, Alaska. Graphite anodes and other value‐added graphite products would be manufactured from the concentrate and other materials at the Company's proposed advanced graphite materials manufacturing facility, the location of which is the subject of further study and analysis. The Company intends to make a production decision on the Project once a feasibility study is completed.
On Behalf of the Board of Directors
"Anthony Huston" (signed)
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This release includes certain statements that may be deemed to be forward-looking statements. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects, including but not limited to delays or uncertainties with regulatory approvals, including that of the TSX Venture Exchange, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this press release, and the Company undertakes no obligation to update publicly or revise any forward-looking information, except as required by applicable securities laws. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.
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SOURCE Graphite One Inc. | https://www.whsv.com/prnewswire/2022/08/23/graphite-one-announces-shares-debt-settlement/ | 2022-08-23T11:47:43Z |
BAODING, China, Aug. 23, 2022 /PRNewswire/ -- On August 18, GWM held POER Fan Festival 2022 in Guilin city, Southwest China, to celebrate the brand's third anniversary and demonstrate the charm of full-scenario pickup life to international users.
GWM invited many experts, media and users from the fields of off-road, modification and outdoor sports to witness this essential moment with POER's global fans. The company also meticulously set up a variety of special activities, such as off-road test drives, mountaineering academies and modification exhibitions.
Haobao Zhang, CEO of GWM PICKUP, said, "GWM PICKUP adheres to category innovation and co-creation with global users. Through the third anniversary, users around the world will learn about GWM POER and enjoy the full-scenario pickup life."
Diversified off-road test drive scenarios help drivers to experience the strength of GWM POER in all travelling scenarios. The test drive was held at Jinlong International Circuit in Guilin and included various challenging experience items, such as off-road towing, driving on a gravel road and driving uphill. When towing a camper, GWM POER offered sufficient and reliable power to test drivers and facilitated them to handle tough driving conditions.
In the interactive area of the mountaineering academy, the rock climbing program attracted many climbing enthusiasts to experience. GWM POER invited a number of professional instructors to introduce protective measures and climbing skills and provide guidance for users in climbing. This activity well matches the excellent performance and the concept of challenging the limits of the product, giving users an amazing and interesting outdoor experience.
GWM POER also set up a pickup modification exhibition, which provides opportunities for modified car enthusiasts to compete and communicate. The exhibition attracted many car owners and fans. Users showed their fantastic modified cars and shared modification ideas and products to create an enthusiastic atmosphere for modified cars.
During the event, GWM POER officially launched the 2.0 era of the brand and announced its commitment to establish a global user brand. The large-size and high-performance luxury pickup of GWM POER also officially started a campaign to invite the netizens to suggest a global name.
To offer more diverse new experiences for users and fans, POER-SPACE, the world's first high-end pickup flagship dealership of GWM POER, will officially open on August 25 this year.
Actually, GWM POER has made outstanding achievements in the global market in the past three years since its launch. As of now, it has entered more than 50 countries in the world, with total sales exceeding 300,000 units.
"GWM POER will keep developing high-end premium models to bring a brand-new, intelligent, luxurious and comfortable experience to global users", said Haobao Zhang.
GWM plans to promote two new models, POER off-road edition and Jingangpao (for Chinese market) to the global market successively to bring more customized product experiences to users worldwide.
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SOURCE GWM | https://www.whsv.com/prnewswire/2022/08/23/gwm-holds-poer-fan-festival-2022-sharing-full-scenario-pickup-life-with-global-users/ | 2022-08-23T11:47:50Z |
Shared commitment to sustainability and transparency a key factor in partnership
NEW YORK and PASADENA, Calif., Aug. 23, 2022 /PRNewswire/ -- Havas Media Group (HMG) North America and OpenX Technologies, Inc., a leading global omnichannel advertising exchange, today announced that OpenX has been named a preferred supply-side platform for programmatic advertising bought by HMG on behalf of its clients across North America.
HMG North America and OpenX will work together to create unique and innovative media buying opportunities on leading publisher sites through a combination of open auctions, private marketplaces (PMPs) and programmatic direct buys. The companies will develop a go-to-market strategy that leverages HMG's media buying expertise and OpenX's network of more than 130,000 domains across web, mobile and connected TV formats.
Today's announcement is part of HMG North America's ongoing effort to consolidate – via select supply-side platforms – its clients' ad spend on the open web. HMG North America will rely on these platforms in particular when desirable ad inventory is available on multiple exchanges.
HMG North America has made it a strategic priority to establish an ethical and sustainable supply chain as a pillar of its business, and a key consideration in designating OpenX a preferred partner is its commitment to sustainability. In May, OpenX announced details of the company's "Path to Net-Zero," a comprehensive initiative that has positioned it at the forefront of sustainability practices in the ad industry. OpenX is the first advertising exchange to be certified as carbon neutral, and HMG intends for all of its supply chain partners to be carbon neutral by 2023.
"HMG is committed to buying through supply-side partners who bring insight, operating excellence and transparency to our supply chain and who align with our vision of responsible and sustainable advertising," said Andrew Goode, EVP, managing director, investment for HMG North America. "OpenX has demonstrated innovation and sophistication in helping brands find and engage audiences at scale, and we look forward to partnering with them as we continue our commitment to green media buying."
"As today's leading brands pursue audiences across a fluid and fragmented digital landscape, engaging meaningfully with customers requires deep, data-based insight, superior technology and trusted partners," said John Gentry, chief executive officer of OpenX. "We look forward to working with Havas Media Group to create an unquestionably valuable advertising supply path for its clients as they seek to connect with their targets in ways that are beneficial to everyone, including people and the planet."
Among the key benefits of the partnership will be greater control of inventory and less executional complexity for Havas Media Group North America and harder-working media for its clients. Timely and transparent data and analysis provided by OpenX will also promote better execution and optimization of clients' campaigns on a real-time basis, and OpenX will enjoy less cluttered access to premium marketers. Both HMG North America and OpenX are committed to a "clean" supply chain in which content and traffic quality as well as regulatory compliance and brand safety measures exceed expectations.
Havas Media Group (HMG) is the media experience agency. HMG delivers this brand promise through the Mx System, where meaningful media helps build more meaningful brands. HMG is part of the Havas Group, owned by Vivendi, one of the world's largest integrated content, media, and communications groups. HMG also consists of two global media networks: Havas Media and Arena Media. The media experience agencies are home to more than 10,000 specialists across 150 countries worldwide, with 62 Villages. Global clients include Hyundai Kia, Puma, TripAdvisor, Michelin, Telefónica, Swarovski, Reckitt Benckiser, among many others.
For more information, visit the website or follow Havas Media Group on Twitter @HavasMedia, LinkedIn @Havas Media Group, Facebook @HavasMediaGroup or Instagram @havas.
OpenX is a pioneering leader in advertising technology, helping create a world where the open web thrives. The company powers advertising on web, mobile and connected TV formats, enabling marketers to reach their target audience across OpenX's global network of publishers. OpenX works with more than 130,000 premium publishers and receives more than 250 billion ad requests every day. OpenX has been certified as a CarbonNeutral® company and is on a path to becoming one of the first companies in the world to achieve Net-Zero status. For more information, visit the company's website at www.openx.com.
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SOURCE OpenX Technologies, Inc. | https://www.whsv.com/prnewswire/2022/08/23/havas-media-group-north-america-names-ad-exchange-openx-preferred-supply-side-platform-programmatic-ads/ | 2022-08-23T11:47:56Z |
Join Minelab Metal Detectors at their test beds at the UK metal detecting rally Aug. 26 – 29.
LENHAM, MAIDSTONE, England, Aug. 23, 2022 /PRNewswire/ -- In one of the UK's premiere detecting festivals, Minelab will be joining Joan Allen Events at the Heart of Kent Metal Detecting Rally Aug. 26 through 29, 2022. The four-day event spans Friday through Monday and will give detectorists a wonderful opportunity to explore the expansive field block properties. Attendees can visit the Minelab booth and test beds to experience some of the most innovative detecting technology in the industry first-hand and learn from international Minelab experts.
"We are so proud to be a part of the Joan Allen Heart of Kent Detecting Rally this year and are excited for a weekend full of detecting activities. Hosted over sprawling grounds, this event allows all detector enthusiasts to truly focus on their craft, while experiencing the top technology of Minelab's products, live music and camping." said Minelab Vice President of Global Marketing Michelle Meyers.
With a team of over 60 engineers, Minelab's hand-held metal detection technology has been hailed as the best in the world and offers a range of products for beginners and experienced detectorists. Magnetic minerals, iron-rich soil, deep water and snow are no match Minelab products, making them adaptable to any season. Minelab is affordable considering its high military-grade quality—after all, you want a metal detector that's easy-to-use while offering you the best return on your investment: undiscovered treasures!
Minelab also has a partnering IOS/Google application, making it more accessible for younger consumers. Minelab also has a global community network so when you get one of their detectors, you're also part of a new family of explorers. Through Minelab's app and blog, you can share your discovery stories, connect with other detectorists, and learn about new places you might not have explored before.
To purchase Minelab, visit them online and check with your local detector dealer.
EDITOR'S NOTE: For more information about Minelab and to arrange to speak with a company spokesperson, please contact Nancy Trent or Pamela Wadler at 212-966-0024 or pam@trentandcompany.com.
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SOURCE Minelab Electronics | https://www.whsv.com/prnewswire/2022/08/23/heart-kent-metal-detecting-rally-2022-kicks-off-with-minelab/ | 2022-08-23T11:48:03Z |
Partnership brings global edge cloud services provider Zenlayer to Canada
TORONTO, Aug. 23, 2022 /PRNewswire/ - Hut 8 Mining Corp. (NASDAQ: HUT) (TSX: HUT) ("Hut 8" or the "Company"), one of North America's largest, innovation-focused digital asset mining pioneers and high-performance computing infrastructure provider, has signed a partnership with Zenlayer, a massively distributed edge cloud service provider, to bring industry-leading edge computing solutions to Web 3.0, blockchain, and enterprise customers.
The partnership enables Hut 8 customers to instantly deploy and run their applications using Zenlayer's edge cloud platform. Users can easily self-provision compute and networking services through APIs or an online console accessible to more than 40 countries in the world. In addition, Zenlayer's customers will now be able to tap into the Canadian market as Zenlayer deploys additional cloud regions with Hut 8 at their Kelowna and Mississauga data centres.
"We are thrilled to welcome Zenlayer as a trusted partner to mutually enhance our offerings for high-performance computing to our existing and future customers," said Jaime Leverton, CEO Hut 8. "Zenlayer is a global leader in edge cloud services, and we are proud to be the first to bring their services to Canada and continue growing the cloud solutions landscape for Web 3.0, blockchain, and enterprise customers."
"Hut 8's allocated digital asset mining and open-source distributed ledger technology make them a market leader in the crypto industry," said Joe Zhu, Founder and CEO of Zenlayer. "We are delighted to partner with Hut 8 to provide joint solutions to the growing blockchain and Web 3.0 ecosystem, and look forward to deeper product integrations in the future."
Hut 8 is one of North America's largest innovation-focused digital asset miners, led by a team of business-building technologists, bullish on bitcoin, blockchain, Web 3.0 and bridging the nascent and traditional high performance computing worlds. With two digital asset mining sites located in Southern Alberta and a third site in North Bay, Ontario, all located in Canada, Hut 8 has one of the highest capacity rates in the industry and one of the highest inventories of self-mined Bitcoin of any digital asset miner or publicly-traded company globally. With 36,000 square feet of geo-diverse data centre space and cloud capacity connected to electrical grids powered by significant renewables and emission-free resources, Hut 8 is revolutionizing conventional assets to create the first hybrid data centre model that serves both the traditional high performance compute (Web 2.0) and nascent digital asset computing sectors, blockchain gaming, and Web 3.0. Hut 8 was the first Canadian digital asset miner to list on the Nasdaq Global Select Market. Through innovation, imagination, and passion, Hut 8 is helping to define the digital asset revolution to create value and positive impacts for its shareholders and generations to come.
Zenlayer is a massively distributed edge cloud provider, operating more than 270 Points of Presence across 45+ countries. Businesses utilize Zenlayer's on-demand cloud compute and networking services to deploy and run applications at the edge.
Zenlayer enables organizations to instantly improve real-time digital experiences at scale. Visit us online at www.zenlayer.com and connect with us on LinkedIn and Twitter.
Certain information in this press release, including with respect to the Company's future financial and/or operating performance, constitute "forward-looking information" and "forward-looking statements" withing the meaning of Canadian securities laws and United States securities laws, respectively (collectively, "forward-looking information"). In some cases, but not necessarily in all cases, forward-looking information can be identified by the use of forward looking terminology such as "plans", "targets", "expects" or "does not expect", "is expected", "an opportunity exists", "is positioned", "estimates", "intends", "assumes", "anticipates" or "does not anticipate" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur" or "be achieved". In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events.
Forward-looking information is necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by the Company as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including, but not limited to, the factors described in greater detail in the "Risk Factors" section of the Company's Annual Information Form dated March 17, 2022, and Hut 8's other materials filed with the Canadian securities regulatory authorities and the United States Securities and Exchange Commission from time to time, available at www.sedar.com and www.sec.gov, respectively. These factors are not intended to represent a complete list of the factors that could affect the Company; however, these factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law.
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SOURCE Hut 8 Mining Corp | https://www.whsv.com/prnewswire/2022/08/23/hut-8-partners-with-zenlayer-bring-on-demand-high-performance-computing-web-30-blockchain-customers/ | 2022-08-23T11:48:12Z |
AUSTIN, Texas, Aug. 23, 2022 /PRNewswire/ -- Workplace safety is a top priority for companies across the globe. To help businesses keep their employees safe, Interplay Learning is releasing new workplace safety training for the essential skilled trades.
This on-demand training includes new courses on Bloodborne Pathogens Awareness, Heat Stress Recognition and Prevention, Hazard Communications, Electrically Safe to Work Procedures, Hot Work, and more. With Interplay's affordable safety training courses, companies can quickly equip their teams with the knowledge and skills to perform work safely and minimize risk.
Interplay's Safety catalog will include more than 30 hours of workplace safety training featuring short, entertaining videos that can be accessed on demand from a phone, tablet, or desktop computer. The catalog also features a hands-on, 3D simulation course teaching the tasks and requirements of establishing safe work conditions when working with electricity.
Companies using Interplay can quickly deliver consistent training to their entire team and allow workers to train in their downtime. Interplay also makes it easy for companies to track compliance and comprehension using course assignments, built-in quizzes, and progress tracking.
With these new offerings, Interplay now offers one-stop-shopping for both safety training and award-winning, hands-on skilled trades training. Employees can quickly gain the knowledge to work safely while also taking advantage of a full online catalog of hands-on technical training for HVAC, Electrical, Plumbing, Multi-Family, Facilities Maintenance, and Solar. Using short video courses, immersive 3D simulations, VR, knowledge checks, and coaching, Interplay can rapidly train and upskill workers for increased productivity.
"Interplay gives companies the best of both worlds by offering safety and technical training in one affordable online training solution," said Doug Donovan, CEO of Interplay Learning. "We are excited to help companies build a culture of safety, reduce incidents, and keep workers healthy while also giving them a pathway to develop the technical skills of their entire team."
Interplay's safety training will help prepare workers to identify and avoid potential hazards, equipping them with the skills to handle situations effectively and giving employers increased confidence that their workforce is ready to take on jobs safely and effectively.
Interplay Learning, a global provider of scalable, highly effective hands-on digital learning simulations for the HVAC, plumbing, electrical, solar and facilities maintenance industries, is building better training, better careers and better lives for its customers and their employees. Interplay Learning's digital experiential learning platform, SkillMill, conveniently turns any space into a training lab with short video courses, 3D simulations, knowledge checks, and other advanced features that prepare users to be job-ready in weeks, not years.
For more information, visit https://www.interplaylearning.com.
About Interplay Learning
Since 2016, Austin-based Interplay Learning has been building better training, better careers and better lives for its customers and their employees. Its award-winning online and VR training for the essential skilled trades, including HVAC, Plumbing, Electrical, Solar, Multi-Family Maintenance and Facilities Maintenance workforces, is scalable and more effective than traditional training methods. By leveraging immersive learning technology, Interplay's customers are able to train and practice hands-on learning from a desktop, phone, tablet or in virtual reality. The result is a highly trained employee who is job-ready in weeks, not years. Its digital learning platform, SkillMill, conveniently turns any space into a training lab with its short video courses, 3D simulations, knowledge checks, coaching and connectivity. Recent accolades include recognition by Fast Company's World Changing Ideas Awards in the Education, General Excellence and On the Rise categories. Welcome to the next generation of the skilled labor workforce. Visit https://www.interplaylearning.com to learn more.
Heather Ripley
Ripley PR
(865) 977-1973
hripley@ripleypr.com
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SOURCE Interplay Learning | https://www.whsv.com/prnewswire/2022/08/23/interplay-learning-announces-release-new-online-workplace-safety-training/ | 2022-08-23T11:48:19Z |
With three-year revenue growth of 917 percent, the leading provider of online and VR training for the skilled trades ranks among America's fastest-growing companies
NEW YORK, Aug. 23, 2022 /PRNewswire/ -- Inc. revealed that Interplay Learning, the leading global provider of online and VR training for the essential skilled trades, is no. 680 on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America.
The Inc. 5000 represents a one-of-a-kind look at the most successful companies within the economy's most dynamic segment — its independent businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
"It's an honor to be recognized as one of the fastest-growing companies in the United States, and it's inspiring our team to double down on our commitment to the strategic vision that drives our success," said Doug Donovan, founder and CEO of Interplay Learning. "Interplay Learning's placement on the Inc. 5000 reflects the urgency of our mission to help build the skilled trades workforce. For our team, this is an important reminder that delivering a world-class hands-on digital learning experience for the industries we serve is more critical than ever in 2022."
The companies on the 2022 Inc. 5000 have not only been successful, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Among the top 500, the average median three-year revenue growth rate soared to 2,144 percent. Together, those companies added more than 68,394 jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, which will be available on Aug. 23.
"The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated," says Scott Omelianuk, editor-in-chief of Inc. "Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today."
Interplay Learning, a global provider of scalable, highly effective hands-on digital learning simulations for the HVAC, plumbing, electrical, solar and facilities maintenance industries, is building better training, better careers and better lives for its customers and their employees. Interplay Learning's digital experiential learning platform, SkillMill, conveniently turns any space into a training lab with short video courses, 3D simulations, knowledge checks, and other advanced features that prepare users to be job-ready in weeks, not years. Visit https://www.interplaylearning.com to learn more.
More about Inc. and the Inc. 5000
Methodology
Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2018. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2021. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2021 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places. The top 500 companies on the Inc. 5000 are featured in Inc. magazine's September issue. The entire Inc. 5000 can be found at http://www.inc.com/inc5000.
About Inc.
The world's most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference & Gala is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com. For more information on the Inc. 5000 Conference & Gala, visit http://conference.inc.com/.
About Interplay Learning
Since 2016, Austin-based Interplay Learning has been building better training, better careers and better lives for its customers and their employees. Its award-winning online and VR training for the essential skilled trades, including HVAC, Plumbing, Electrical, Solar, Multi-Family Maintenance and Facilities Maintenance workforces, is scalable and more effective than traditional training methods. By leveraging immersive learning technology, Interplay's customers are able to train and practice hands-on learning from a desktop, phone, tablet or in virtual reality. The result is a highly trained employee who is job-ready in weeks, not years. Its digital learning platform, SkillMill, conveniently turns any space into a training lab with its short video courses, 3D simulations, knowledge checks, coaching and connectivity. Recent accolades include recognition by Fast Company's World Changing Ideas Awards in the Education, General Excellence and On the Rise categories. Welcome to the next generation of the skilled labor workforce. Visit https://www.interplaylearning.com to learn more.
MEDIA CONTACT:
Heather Ripley
Ripley PR
(865) 977-1973
hripley@ripleypr.com
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SOURCE Interplay Learning | https://www.whsv.com/prnewswire/2022/08/23/interplay-learning-ranks-no-680-2022-inc-5000-annual-list/ | 2022-08-23T11:48:25Z |
WEST PALM BEACH, Fla., Aug. 23, 2022 /PRNewswire/ -- The Iscoe Law Firm, one of Florida's leading personal injury attorney teams, wants to raise awareness on unsafe products particularly when the defective product in question is a toy.
"Children are the most vulnerable among us, and when manufacturers put profits before the safety of children, it makes matters that much more difficult," said Gary T. Iscoe, Esq. Founding Partner of Iscoe Law. "If your child has been injured by an unsafe toy, don't wait to consult with an experienced Florida unsafe toy attorney."
While every unsafe toy claim is unique to the circumstances involved, some of the most common types of toy-related accidents include:
- Tricycles that crash
- Balloons that lead to airway obstruction, choking, aspiration, or asphyxiation
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BEIJING, Aug. 23, 2022 /PRNewswire/ -- Jianpu Technology Inc. ("Jianpu," or the "Company") (NYSE: JT), a leading independent open platform for the discovery and recommendation of financial products in China, today announced its unaudited financial results for the second quarter ended June 30, 2022.
Second Quarter 2022 Operational and Financial Highlights:
- The credit card volume and number of domestic loan applications for recommendation services respectively increased by 33.3% to approximately 1.2 million and 43.3% to approximately 4.3 million in the second quarter of 2022 compared with the same period of 2021. As a result, total revenues from recommendation services for the second quarter of 2022 increased by 37.8% to RMB204.7 million (US$30.6 million) from RMB148.6 million in the same period of 2021.
- Revenues from big data and system-based risk management services decreased by 37.0% to RMB22.8 million (US$3.4 million) in the second quarter of 2022 from RMB36.2 million in the same period of 2021. The decrease was mainly attributable to the impact of COVID-19 on our cooperation with customers, as well as our product adjustments.
- Revenues from advertising and marketing services and other services increased by 187.0% to RMB37.6 million (US$5.6 million) in the second quarter of 2022 from RMB13.1 million in the same period of 2021. The increase was mainly attributable to the growth of insurance brokerage services and initiatives of other new businesses.
- Loss from operations was RMB35.9 million (US$5.4 million) in the second quarter of 2022, compared with RMB69.5 million in the same period of 2021. Operating loss margin was 13.5% in the second quarter of 2022, compared with 35.1% in the same period of 2021. The improvement of loss from operations was mainly attributable to an increase in revenues and a decrease in operating expenses resulting from efficiency improvement and cost optimization.
- Net loss was RMB35.9 million (US$5.4 million) in the second quarter of 2022, compared with RMB44.5 million in the same period of 2021. Net loss margin was 13.5% in the second quarter of 2022, compared with 22.5% in the same period of 2021.
- Non-GAAP adjusted net loss[1] was RMB32.2 million (US$4.8 million) in the second quarter of 2022, compared with Non-GAAP adjusted net loss[1] of RMB40.6 million in the same period of 2021. Non-GAAP adjusted net loss margin[1] was 12.1% in the second quarter of 2022, compared with 20.5% in the same period of 2021.
First Half Year 2022 Operational and Financial Highlights:
- The credit card volume and number of domestic loan applications for recommendation services respectively increased by 31.3% to approximately 2.1 million and 57.7% to approximately 8.2 million in the first half year of 2022 compared with the same period of 2021. As a result, total revenues from recommendation services for the first half year of 2022 increased by 36.8% to RMB348.8 million (US$52.1 million) from RMB254.9 million in the same period of 2021.
- Revenues from big data and system-based risk management services decreased by 31.9% to RMB43.0 million (US$6.4 million) in the first half year of 2022 from RMB63.1 million in the same period of 2021. The decrease was mainly attributable to the impact of COVID-19 on our cooperation with customers, as well as our product adjustments.
- Revenues from advertising and marketing services and other services increased by 216.9% to RMB80.8 million (US$12.1 million) in the first half year of 2022 from RMB25.5 million in the same period of 2021. The increase was mainly attributable to the growth of insurance brokerage services and initiatives of other new businesses.
- Loss from operations was RMB90.5 million (US$13.5 million) in the first half year of 2022, compared with RMB136.7 million in the same period of 2021. Operating loss margin was 19.1% in the first half year of 2022, compared with 39.8% in the same period of 2021. The improvement of loss from operations was mainly attributable to an increase in revenues and a decrease in operating expenses resulting from efficiency improvement and cost optimization.
- Net loss was RMB89.0 million (US$13.3 million) in the first half year of 2022, compared with RMB95.8 million in the same period of 2021. Net loss margin was 18.8% in the first half year of 2022, compared with 27.9% in the same period of 2021.
- Non-GAAP adjusted net loss[1] was RMB82.9 million (US$12.4 million) in the first half year of 2022, compared with Non-GAAP adjusted net loss[1] of RMB90.0 million in the same period of 2021. Non-GAAP adjusted net loss margin[1] was 17.5% in the first half year of 2022, compared with 26.2% in the same period of 2021.
Mr. David Ye, Co-founder, Chairman and Chief Executive Officer of Jianpu, commented, "In the second quarter, we saw a further recovery in total revenues at a healthy growth rate of 33.9% year-over-year despite a more challenging macro environment triggered by the rolling COVID-19 lockdowns across the country. The solid results were primarily driven by our diversification strategy, strong omnichannel marketing capabilities, continued operating efficiency improvements, and disciplined cost optimization. Our diversification strategy enhanced our business resilience and our omnichannel marketing capabilities continued to lead the market, enabling the digital transformation of the financial industry and other industries. With our solid business expansion and operational efficiency improvement, our overall ROI[2] continued to improve by 8 percentage points in the first half of 2022, compared with the second half of 2021. Also, as we continued to fine-tune our cost structure and better utilize the company's resources to enhance overall productivity, our operating loss for the second quarter of 2022 further reduced significantly by 48.4% year-over-year."
"Our second-quarter results highlight our relentless efforts in growing our scale and improving efficiency. Our revenues from recommendation services increased by 37.8% year-over-year, and revenues from advertising, marketing services and other services were up 187.0% year-over-year. With the continued optimization of our cost structure and improvement in productivity, our net loss reduced by 19.3% year-over-year to RMB35.9 million in the second quarter. Our net loss margin improved by 9 percentage points compared with the same period in 2021. We will continue to implement our cost optimization measures and strive for a balance between growth and efficiency," said Oscar Chen, Chief Financial Officer of Jianpu.
Second Quarter 2022 Financial Results
Total revenues for the second quarter of 2022 increased by 33.9% to RMB265.1 million (US$39.6 million) from RMB198.0 million in the same period of 2021.
Total revenues from recommendation services increased by 37.8% to RMB204.7 million (US$30.6 million) in the second quarter of 2022 from RMB148.6 million in the same period of 2021.
Revenues from recommendation services for credit cards increased by 36.0% to RMB138.2 million (US$20.6 million) in the second quarter of 2022 from RMB101.6 million in the same period of 2021. Credit card volume in the second quarter of 2022 increased by 33.3% to approximately 1.2 million from 0.9 million in the same period of 2021. The average fee per credit card were RMB113.4 (US$16.9) and RMB112.9 in the second quarter of 2022 and 2021, respectively.
Revenues from recommendation services for loans increased by 41.5% to RMB66.5 million (US$9.9 million) in the second quarter of 2022 from RMB47.0 million in the same period of 2021, primarily due to an increase in the number of loan applications on the Company's platform. The number of domestic loan applications on the Company's platform was approximately 4.3 million in the second quarter of 2022, representing a 43.3% increase from that in the same period of 2021. The average fee per domestic loan application increased to RMB15.4 (US$2.3) in the second quarter of 2022 from RMB14.1 in the same period of 2021, which stemmed from a more optimized product revenue mixture.
Revenues from big data and system-based risk management services decreased by 37.0% to RMB22.8 million (US$3.4 million) in the second quarter of 2022 from RMB36.2 million in the same period of 2021, primarily due to the impact of COVID-19 on our cooperation with customers, as well as our product adjustments.
Revenues from advertising and marketing services and other services increased by 187.0% to RMB37.6 million (US$5.6 million) in the second quarter of 2022 from RMB13.1 million in the same period of 2021, primarily due to the growth of the Company's insurance brokerage services and initiatives of other new businesses.
Cost of promotion and acquisition[3] increased by 41.4% to RMB191.8 million (US$28.6 million) in the second quarter of 2022 from RMB135.6 million in the same period of 2021. The increase was primarily due to the growth of the Company's revenues from recommendation services and insurance brokerage services and initiatives of other new businesses.
Cost of operation decreased by 21.5% to RMB20.4 million (US$3.1 million) in the second quarter of 2022 from RMB26.0 million in the same period of 2021. The decrease was primarily attributable to decreases in software development and maintenance costs, data acquisition costs related to the big data and system-based risk management services and depreciation expenses.
Sales and marketing expenses decreased by 11.7% to RMB33.2 million (US$5.0 million) in the second quarter of 2022 from RMB37.6 million in the same period of 2021. The decrease was primarily due to a decrease in payroll expenses, partially offset by an increase in call center outsourcing expenses.
Research and development expenses decreased by 11.5% to RMB29.3 million (US$4.4 million) in the second quarter of 2022 from RMB33.1 million in the same period of 2021, primarily due to a decrease in payroll expenses resulting from the Company's continued efforts in cost optimization.
General and administrative expenses decreased by 25.3% to RMB26.3 million (US$3.9 million) in the second quarter of 2022 from RMB35.2 million in the same period of 2021, primarily due to decreases in professional fees and share-based compensation expenses.
Loss from operations was RMB35.9 million (US$5.4 million) in the second quarter of 2022, compared with RMB69.5 million in the same period of 2021. Operating loss margin was 13.5% in the second quarter of 2022, compared with 35.1% in the same period of 2021. The decrease in operating loss was mainly attributable to an increase in revenues and a decrease in operating expenses resulting from efficiency improvement and cost optimization.
Others, net decreased by 94.5% to RMB1.4 million (US$0.2 million) in the second quarter of 2022 from RMB25.6 million in the same period of 2021. The Company recognized an impairment loss of RMB7.8 million on equity investments and an investment gain of RMB6.1 million resulting from the deconsolidation of one of its subsidiaries[4] in the second quarter of 2022; while the Company recognized a realized investment gain of RMB25.4 million from the investment in Conflux Global, a decentralized applications block-chain solution provider, in the second quarter of 2021.
Net loss was RMB35.9 million (US$5.4 million) in the second quarter of 2022 compared with RMB44.5 million in the same period of 2021. Net loss margin was 13.5% in the second quarter of 2022, compared with 22.5% in the same period of 2021.
Non-GAAP adjusted net loss[1], which excluded share-based compensation expenses, investment impairment loss and investment gain of deconsolidation of subsidiaries, was RMB32.2 million (US$4.8 million) in the second quarter of 2022, compared with RMB40.6 million in the same period of 2021. Non-GAAP adjusted net loss margin[1] was 12.1% in the second quarter of 2022 compared with 20.5% in the same period of 2021.
Non-GAAP adjusted EBITDA[5], which excluded share-based compensation expenses, investment impairment loss, investment gain of deconsolidation of subsidiaries, depreciation and amortization, interest income and expenses, and income tax benefits from net loss, for the second quarter of 2022 was a loss of RMB29.4 million (US$4.4 million), compared with a loss of RMB36.6 million in the same period of 2021.
As of June 30, 2022, the Company had cash and cash equivalents, restricted cash and time deposits of RMB673.2 million (US$100.5 million), and working capital of approximately RMB377.4 million (US$56.3 million). Compared to those as of December 31, 2021, cash and cash equivalents, time deposits, restricted cash and time deposits and short-term investment decreased by RMB89.6 million, which was primarily attributable to net cash outflow due to the deconsolidation of one of the Company's subsidiaries[4] and net cash used in operating activities, partially offset by net cash inflow from financing activities.
First Half Year 2022 Financial Results
Total revenues for the first half year of 2022 increased by 37.6% to RMB472.6 million (US$70.6 million) from RMB343.5 million in the same period of 2021.
Total revenues from recommendation services increased by 36.8% to RMB348.8 million (US$52.1 million) in the first half year of 2022 from RMB254.9 million in the same period of 2021.
Revenues from recommendation services for credit cards increased by 31.1% to RMB235.8 million (US$35.2 million) in the first half year of 2022 from RMB179.8 million in the same period of 2021. Credit card volume in the first half year of 2022 increased by 31.3% to approximately 2.1 million from 1.6 million in the same period of 2021. The average fee per credit card were RMB111.3 (US$16.6) and RMB109.6 in the first half year of 2022 and 2021, respectively.
Revenues from recommendation services for loans increased by 50.6% to RMB113.1 million (US$16.9 million) in the first half year of 2022 from RMB75.1 million in the same period of 2021, primarily due to an increase in the number of loan applications on our platform. The number of domestic loan applications on the Company's platform was approximately 8.2 million in the first half year of 2022, representing a 57.7% increase from that in the same period of 2021. The average fee per domestic loan application increased to RMB13.6 (US$2.0) in the first half year of 2022 from RMB13.0 in the same period of 2021.
Revenues from big data and system-based risk management services decreased by 31.9% to RMB43.0 million (US$6.4 million) in the first half year of 2022 from RMB63.1 million in the same period of 2021, primarily due to the impact of COVID-19 on our cooperation with customers, as well as our product adjustments.
Revenues from advertising and marketing services and other services increased by 216.9% to RMB80.8 million (US$12.1 million) in the first half year of 2022 from RMB25.5 million in the same period of 2021, primarily due to the growth of the Company's insurance brokerage services and initiatives of other new businesses.
Cost of promotion and acquisition[3] increased by 50.2% to RMB341.3 million (US$51.0 million) in the first half year of 2022 from RMB227.2 million in the same period of 2021. The increase was in line with the growth of the Company's revenues from recommendation services and insurance brokerage services and initiatives of other new businesses.
Cost of operation decreased by 9.5 % to RMB38.9 million (US$5.8 million) in the first half year of 2022 from RMB43.0 million in the same period of 2021. The decrease was primarily attributable to decreases in software development and maintenance costs, data acquisition costs related to the big data and system-based risk management services and depreciation expenses.
Sales and marketing expenses decreased by 10.2% to RMB67.0 million (US$10.0 million) in the first half year of 2022 from RMB74.6 million in the same period of 2021. The decrease was primarily due to a decrease in payroll expenses, partially offset by an increase in call center outsourcing expenses.
Research and development expenses decreased by 15.7% to RMB59.1 million (US$8.8 million) in the first half year of 2022 from RMB70.1 million in the same period of 2021, primarily due to a decrease in payroll expenses resulting from our continued efforts in cost optimization.
General and administrative expenses decreased by 13.0% to RMB56.8 million (US$8.5 million) in the first half year of 2022 from RMB65.3 million in the same period of 2021, primarily due to decreases in professional fees and share-based compensation expenses, partially offset by an increase in credit loss.
Loss from operations was RMB90.5 million (US$13.5 million) in the first half year of 2022, compared with RMB136.7 million in the same period of 2021. Operating loss margin was 19.1% in the first half year of 2022, compared with 39.8% in the same period of 2021. The decrease in operating loss was mainly attributable to an increase in revenues and a decrease in operating expenses resulting from efficiency improvement and cost optimization.
Others, net decreased by 90.1% to RMB4.2 million (US$0.6 million) in the first half year of 2022 from RMB42.3 million in the same period of 2021. The Company recognized an impairment loss of RMB7.8 million on equity investments and an investment gain of RMB6.1 million resulting from the deconsolidation of one of its subsidiaries[4] in the first half year of 2022; while the Company recognized a realized investment gain of RMB40.1 million from the investment in Conflux Global, a decentralized applications block-chain solution provider, in the first half year of 2021.
Net loss was RMB89.0 million (US$13.3 million) in the first half year of 2022 compared with RMB95.8 million in the same period of 2021. Net loss margin was 18.8% in the first half year of 2022 compared with 27.9% in the same period of 2021.
Non-GAAP adjusted net loss[1], which excluded share-based compensation expenses, investment impairment loss and investment gain of deconsolidation of subsidiaries, was RMB82.9 million (US$12.4 million) in the first half year of 2022, compared with RMB90.0 million in the same period of 2021. Non-GAAP adjusted net loss margin[1] was 17.5% in the first half year of 2022 compared with 26.2% in the same period of 2021.
Non-GAAP adjusted EBITDA[5], which excluded share-based compensation expenses, investment impairment loss, investment gain of deconsolidation of subsidiaries, depreciation and amortization, interest income and expenses, and income tax benefits from net loss, for the first half year of 2022 was a loss of RMB77.5 million (US$11.6 million), compared with a loss of RMB81.7 million in the same period of 2021.
Conference Call
The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on August 23, 2022 (8:00 PM Beijing/Hong Kong Time on August 23, 2022).
Dial-in details for the earnings conference call are as follows:
Participants should dial-in at least 5 minutes before the scheduled start time and ask to be connected to the call for "Jianpu Technology Inc."
Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at http://ir.jianpu.ai.
A replay of the conference call will be accessible approximately one hour after the conclusion of the live call until August 30, 2022, by dialing the following telephone numbers:
About Jianpu Technology Inc.
Jianpu Technology Inc. is a leading independent open platform for the discovery and recommendation of financial products in China. The Company connects users with financial service providers in a convenient, efficient, and secure way. By leveraging its proprietary technology, Jianpu provides users with customized search results and recommendations tailored to each user's particular financial needs and profile. The Company also enables financial service providers with sales and marketing solutions to reach and serve their target customers more effectively through integrated channels and enhance their competitiveness by providing them with tailored data, risk management services and solutions. The Company is committed to maintaining an independent open platform, which allows it to serve the needs of users and financial service providers impartially. For more information, please visit http://ir.jianpu.ai.
Use of Non-GAAP Financial Measures
The Company uses adjusted EBITDA and adjusted net (loss)/income, each a Non-GAAP financial measure, in evaluating its operating results and for financial and operational decision-making purposes.
The Company believes that adjusted EBITDA and adjusted net (loss)/income help identify underlying trends in its business that could otherwise be distorted by the effect of the expenses and gains that the Company include in (loss)/income from operations and net (loss)/income. The Company believes that adjusted EBITDA and adjusted net (loss)/income provide useful information about its operating results, enhance the overall understanding of its past performance and future prospects and allow for greater visibility with respect to key metrics used by its management in its financial and operational decision-making.
Adjusted EBITDA and adjusted net (loss)/income should not be considered in isolation or construed as alternatives to net (loss)/income or any other measure of performance or as indicators of the Company's operating performance. Investors are encouraged to review the historical Non-GAAP financial measures to the most directly comparable GAAP measures. Adjusted EBITDA and adjusted net (loss)/income presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to the Company's data. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.
Adjusted EBITDA represents EBITDA before share-based compensation expenses, investment impairment loss and investment gain of deconsolidation of subsidiaries. EBITDA represents net (loss)/income before interest, tax, depreciation and amortization.
Adjusted net (loss)/income represents net (loss)/income before share-based compensation expenses, investment impairment loss and investment gain of deconsolidation of subsidiaries.
For more information on this Non-GAAP financial measure, please see the table captioned "Unaudited Reconciliations of GAAP and Non-GAAP results" set forth at the end of this press release.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition and results of operations; the Company's expectations regarding demand for, and market acceptance of, its solutions and services; the Company's expectations regarding keeping and strengthening its relationships with users, financial service providers and other parties it collaborates with; trends, competition and regulatory policies relating to the industries the Company operates in; general economic and business conditions globally and in China; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
In China:
Jianpu Technology Inc.
(IR) Oscar Chen, E-mail: IR@rong360.com
(PR) Amanda Hu, E-mail: Media@rong360.com
Tel: +86 (10) 6242 7068
Christensen Advisory
Suri Cheng, E-mail: suri.cheng@christensencomms.com
Tel: +86 185 0060 8364
Crystal Lai, E-mail: crystal.lai@christensencomms.com
Tel: +852 2232 3907
In US:
Christensen Advisory
Linda Bergkamp, E-mail: linda.bergkamp@christensencomms.com
Tel: +1 480 353 6648
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SOURCE Jianpu Technology Inc. | https://www.whsv.com/prnewswire/2022/08/23/jianpu-technology-inc-reports-second-quarter-2022-unaudited-financial-results/ | 2022-08-23T11:48:39Z |
ORRVILLE, Ohio, Aug. 23, 2022 /PRNewswire/ -- The J.M. Smucker Co. (NYSE: SJM) today announced results for the first quarter ended July 31, 2022, of its 2023 fiscal year. Financial results for the first quarter of fiscal year 2023 reflect the divestitures of the natural beverage and grains businesses on January 31, 2022, and the private label dry pet food business on December 1, 2021. All comparisons are to the first quarter of the prior fiscal year, unless otherwise noted.
EXECUTIVE SUMMARY
- Net sales increased $15.0 million, or 1 percent. Net sales excluding divestitures and foreign currency exchange increased 4 percent. Net sales reflect a 9 percent unfavorable impact related to the Jif® peanut butter product recall.
- Net income per diluted share was $1.03. Adjusted earnings per share was $1.67, a decrease of 12 percent, primarily as a result of the Jif® peanut butter product recall.
- Cash used for operations was $39.0 million, a change of 128 percent. Free cash flow was $(127.3) million, compared to $69.8 million in the prior year.
- The Company increased its full-year fiscal 2023 financial outlook for net sales, adjusted earnings per share and free cash flow.
CHIEF EXECUTIVE OFFICER REMARKS
"Our first quarter results reflect a strong start to the fiscal year, demonstrating our operational excellence and strength of our strategy. Our teams have done outstanding work to manage headwinds from cost inflation, industry-wide supply chain challenges, and the Jif® peanut butter recall," said Mark Smucker, Chair of the Board, President and Chief Executive Officer. "We delivered another quarter that exceeded our expectations, as consumers' demand for our iconic brands continued in a rising cost environment, driving robust organic top-line growth for our key focus platforms of pet, coffee, and snacking."
"Due to the better-than-expected first quarter results and sustained momentum for our trusted brands, we are raising our net sales, adjusted earnings per share, and free cash flow expectations for this fiscal year. In the months ahead, we will sustain investment in our growth platforms including the Milk-Bone®, Dunkin'®, and Smucker's® Uncrustables® brands. We remain confident in our ability to drive long-term growth and shareholder value creation through the current dynamic operating environment."
FIRST QUARTER CONSOLIDATED RESULTS
Net Sales
Net sales increased 1 percent, including a 9 percent unfavorable impact related to the Jif® peanut butter product recall. Excluding noncomparable net sales in the prior year of $58.5 million for the divested businesses, as well as $4.4 million of unfavorable foreign currency exchange, net sales increased $77.9 million, or 4 percent.
The increase in comparable net sales was primarily driven by a 14 percentage point increase from net price realization, primarily reflecting list price increases for the U.S. Retail Coffee, U.S. Retail Pet Foods, and International and Away from Home businesses, partially offset by the unfavorable impact of customer returns and fees related to the Jif® peanut butter product recall. The favorable net price realization was partially offset by a 9 percentage point decrease from volume/mix, primarily due to manufacturing downtime related to the Jif® peanut butter product recall and declines for mainstream roast and ground coffee.
Operating Income
Gross profit decreased $86.9 million, or 14 percent, including an unfavorable impact related to the Jif® peanut butter product recall. The decrease also reflects the lower contribution from volume/mix, primarily due to manufacturing downtime related to the Jif® peanut butter product recall, unsaleable inventory related to the recall, and the noncomparable impact of the divested natural beverage and grains and private label dry pet food businesses. Higher costs, primarily driven by increased commodity and ingredient, manufacturing and packaging costs, were offset by higher net price realization, inclusive of the unfavorable impact to net price realization from customer returns and fees related to the Jif® peanut butter product recall. Operating income decreased $79.7 million, or 31 percent, reflecting the decrease in gross profit and a $19.8 million increase in selling, distribution, and administrative ("SD&A") expenses, partially offset by an anticipated insurance recovery related to the Jif® peanut butter product recall.
Adjusted gross profit decreased $58.8 million, or 9 percent, including an unfavorable impact related to the Jif® peanut butter product recall. The difference between adjusted gross profit and generally accepted accounting principles ("GAAP") results reflects the exclusion of the change in net cumulative unallocated derivative gains and losses and special project costs. Adjusted operating income decreased $53.4 million, or 17 percent, further reflecting the exclusion of amortization, gain on divestiture, and other special project costs.
Interest Expense, Other Income (Expense), and Income Taxes
Net interest expense decreased $4.0 million, primarily due to the prepayment of Senior Notes in the first quarter of the prior fiscal year, partially offset by increased debt outstanding as compared to prior year.
Net other income increased $11.6 million, due to a net loss on the prepayment of Senior Notes and a settlement loss related to a defined benefit pension plan in the first quarter of the prior fiscal year.
The effective income tax rate was 22.2 percent compared to 25.0 percent in the prior year, reflecting the favorable deferred tax benefit of a state income tax rate reduction enacted in the quarter. The adjusted effective income tax rate was 23.0 percent, compared to 23.6 percent in the prior year.
Cash Flow and Debt
Cash used for operating activities was $39.0 million, compared to a cash provided of $137.8 million in the prior year, primarily reflecting a $70.0 million contribution to our U.S. qualified defined benefit pension plans this quarter, lower net income adjusted for noncash items in the current year, and an increase in cash required to fund working capital. Free cash flow was $(127.3) million, compared to $69.8 million in the prior year, reflecting the decrease in cash provided by operating activities and a $20.3 million increase in capital expenditures. Net debt borrowings in the quarter totaled $207.0 million.
FULL-YEAR OUTLOOK
The Company updated its full-year fiscal 2023 guidance as summarized below:
Ongoing cost inflation, volatility in supply chains and the overall macroeconomic environment continue to impact financial results and cause uncertainty and risk for the fiscal year 2023 outlook. Any manufacturing or supply chain disruption, as well as changes in consumer purchasing behavior, including the potential impact to volume due to recent price increases, retailer inventory levels, and broader macroeconomic conditions, could materially impact actual results. In particular, the Jif® peanut butter product recall will continue to impact our financial results for the fiscal year. The Company continues to focus on managing the elements it can control, including taking the necessary steps to minimize the impact of cost inflation, the product recall, and any potential business disruption. This guidance reflects performance expectations based on the Company's current understanding of the overall environment, inclusive of the estimated unfavorable impact of the product recall.
Net sales are expected to increase 4.0 to 5.0 percent compared to the prior year. Excluding noncomparable net sales in the prior year for the divested private label dry pet food and natural beverage and grains businesses, net sales are expected to increase approximately 6.5 percent at the mid-point of the guidance range. This reflects higher net pricing to recover cost inflation across multiple categories, partially offset by the anticipated volume/mix impact of price elasticity of demand, and an estimated 2 percent unfavorable impact related to manufacturing downtime and customer returns and fees from the Jif® peanut butter product recall.
Adjusted earnings per share is expected to range from $8.20 to $8.60, including an estimated $0.80 unfavorable impact related to the Jif® peanut butter product recall. This range reflects the benefits of higher net pricing actions and shares repurchased in the prior fiscal year being more than offset by cost inflation, the anticipated volume/mix impact of price elasticity of demand, the unfavorable impact of the Jif® peanut butter product recall, and increased SD&A expenses. This guidance assumes an adjusted gross profit margin range of 33.5 to 34.0 percent, an adjusted effective income tax rate of 24.2 percent, and 106.5 million common shares outstanding. Free cash flow is expected to be approximately $550 million, inclusive of the estimated unfavorable impact related to the Jif® peanut butter product recall, with capital expenditures of $550 million.
FIRST QUARTER SEGMENT RESULTS
(Dollar amounts in the segment tables below are reported in millions.)
U.S. Retail Pet Foods
Net sales increased $81.0 million, or 13 percent. Excluding $25.1 million of noncomparable net sales in the prior year related to the divested private label dry pet food business, net sales increased $106.1 million, or 17 percent. Higher net price realization increased net sales by 20 percentage points, primarily reflecting list price increases across the portfolio, partially offset by a decreased contribution from volume/mix of 3 percentage points.
Segment profit increased $40.4 million, primarily reflecting a favorable net impact of higher net price realization and increased commodity and ingredient, packaging, and manufacturing costs and lower marketing spend, partially offset by a decreased contribution from volume/mix.
U.S. Retail Coffee
Net sales increased $54.7 million, or 10 percent. Net price realization increased net sales by 24 percentage points, primarily reflecting list price increases across the portfolio. A reduced contribution from volume/mix decreased net sales by 14 percentage points, primarily driven by mainstream roast and ground coffee.
Segment profit decreased $5.4 million, primarily reflecting a decreased contribution from volume/mix and increased marketing investment, partially offset by the favorable net impact of higher net price realization and increased commodity costs.
U.S. Retail Consumer Foods
Net sales decreased $124.5 million, or 29 percent, including a 32 percent unfavorable impact related to the Jif® peanut butter product recall. Excluding $31.4 million of noncomparable net sales in the prior year related to the divested natural beverage and grains businesses, net sales decreased $93.1 million, or 23 percent. Volume/mix decreased net sales by 20 percentage points, primarily driven by manufacturing downtime for Jif® peanut butter, partially offset by an increase for Smucker's® Uncrustables® frozen sandwiches. Lower net price realization also contributed 3 percentage points to the net sales decline, primarily driven by the unfavorable impact of customer returns and fees related to the Jif® peanut butter product recall, partially offset by list price increases across the remainder of the portfolio.
Segment profit decreased $63.9 million, primarily reflecting the unfavorable impact of the Jif® peanut butter product recall and the noncomparable segment profit in the prior year related to the divested natural beverage and grains businesses. Excluding the unfavorable impact of the Jif® peanut butter product recall and divested businesses, segment profit increased primarily due to the net favorable impact of higher net price realization and higher commodity and ingredient, manufacturing, and packaging costs and favorable volume/mix.
International and Away From Home
Net sales increased $3.8 million, or 2 percent, including a 10 percent unfavorable impact related to the Jif® peanut butter product recall. Excluding $2.0 million of noncomparable net sales in the prior year related to the divested natural beverage and grains businesses and $4.4 million of unfavorable foreign currency exchange, net sales increased $10.2 million, or 4 percent. Excluding the impact of the divested businesses and foreign currency exchange, net sales increased 15 percent for the Away from Home operating segment, partially offset by a 6 percent decrease for the International operating segment, including the impact related to the Jif® peanut butter product recall. Net price realization contributed a 4 percentage point increase to net sales for the combined businesses, primarily driven by increases for coffee products and baking mixes and ingredients, partially offset by the unfavorable impact of customer returns and fees related to the Jif® peanut butter product recall. Volume/mix was neutral compared to the prior year.
Segment profit decreased $16.3 million, primarily reflecting the impact of the Jif® peanut butter product recall and higher commodity costs, partially offset by higher net pricing.
Financial Results Discussion and Webcast
At approximately 7:00 a.m. Eastern Time today, the Company will post to its website at investors.jmsmucker.com a pre-recorded management discussion of its fiscal 2023 first quarter financial results, a transcript of the discussion, and supplemental materials. At 9:00 a.m. Eastern Time today, the Company will webcast a live question and answer session with Mark Smucker, Chair of the Board, President and Chief Executive Officer, and Tucker Marshall, Chief Financial Officer. The live webcast and replay can be accessed at investors.jmsmucker.com.
The J.M. Smucker Co. Forward-Looking Statements
This press release contains forward-looking statements, such as projected net sales, operating results, earnings, and cash flows that are subject to risks and uncertainties that could cause actual results to differ materially from future results expressed or implied by those forward-looking statements. The risks, uncertainties, important factors, and assumptions listed and discussed in this press release, which could cause actual results to differ materially from those expressed, include: the impact of the COVID-19 pandemic on the Company's business, industry, suppliers, customers, consumers, employees, and communities; disruptions or inefficiencies in the Company's operations or supply chain, including any impact caused by product recalls (including the Jif® peanut butter product recall), political instability, terrorism, armed hostilities (including the ongoing conflict between Russia and Ukraine), extreme weather conditions, natural disasters, pandemics (including the COVID-19 pandemic), or other calamities; risks related to the availability of, and cost inflation in, supply chain inputs, including labor, raw materials, commodities, packaging, and transportation; the impact of food security concerns involving either the Company's products or its competitors' products, including product recalls; risks associated with derivative and purchasing strategies the Company employs to manage commodity pricing and interest rate risks; the availability of reliable transportation on acceptable terms, including any impact of the COVID-19 pandemic; the ability to achieve cost savings related to restructuring and cost management programs in the amounts and within the time frames currently anticipated; the ability to generate sufficient cash flow to continue operating under the Company's capital deployment model, including capital expenditures, debt repayment, dividend payments, and share repurchases; the ability to implement and realize the full benefit of price changes, and the impact of the timing of the price changes to profits and cash flow in a particular period; the success and cost of marketing and sales programs and strategies intended to promote growth in the Company's businesses, including product innovation; general competitive activity in the market, including competitors' pricing practices and promotional spending levels; the Company's ability to attract and retain key talent; the concentration of certain of the Company's businesses with key customers and suppliers, including single-source suppliers of certain key raw materials and finished goods, and the Company's ability to manage and maintain key relationships; impairments in the carrying value of goodwill, other intangible assets, or other long-lived assets or changes in the useful lives of other intangible assets or other long-lived assets; the impact of new or changes to existing governmental laws and regulations and their application; the outcome of tax examinations, changes in tax laws, and other tax matters; a disruption, failure, or security breach of the Company or their suppliers' information technology systems, including ransomware attacks; foreign currency exchange rate and interest rate fluctuations; and risks related to other factors described under "Risk Factors" in other reports and statements filed with the Securities and Exchange Commission, including the Company's most recent Annual Report on Form 10-K. The Company undertakes no obligation to update or revise these forward-looking statements, which speak only as of the date made, to reflect new events or circumstances.
About The J.M. Smucker Co.
Each generation of consumers leaves their mark on culture by establishing new expectations for food and the companies that make it. At The J.M. Smucker Co., it is our privilege to be at the heart of this dynamic with a diverse portfolio that appeals to each generation of people and pets and is found in more than 80 percent of U.S. homes and countless restaurants. This includes a mix of iconic brands consumers have always loved such as Folgers®, Jif® and Milk-Bone® and new favorites like Café Bustelo®, Smucker's® Uncrustables® and Rachael Ray® Nutrish®. By continuing to immerse ourselves in consumer preferences and acting responsibly, we will continue growing our business and the positive impact we have on society. For more information, please visit jmsmucker.com.
The J.M. Smucker Co. is the owner of all trademarks referenced herein, except for the following, which are used under license: Dunkin'® is a trademark of DD IP Holder LLC, and Rachael Ray® is a trademark of Ray Marks II LLC.
The Dunkin'® brand is licensed to The J.M. Smucker Co. for packaged coffee products sold in retail channels such as grocery stores, mass merchandisers, club stores, e-commerce and drug stores. This information does not pertain to products for sale in Dunkin'® restaurants.
Non-GAAP Financial Measures
The Company uses non-GAAP financial measures, including: net sales excluding divestitures and foreign currency exchange; adjusted gross profit; adjusted operating income; adjusted income; adjusted earnings per share; earnings before interest, taxes, depreciation, amortization, and impairment charges related to intangible assets ("EBITDA (as adjusted)"); and free cash flow, as key measures for purposes of evaluating performance internally. The Company believes that investors' understanding of its performance is enhanced by disclosing these performance measures. Furthermore, these non-GAAP financial measures are used by management in preparation of the annual budget and for the monthly analyses of its operating results. The Board of Directors also utilizes certain non-GAAP financial measures as components for measuring performance for incentive compensation purposes.
Non-GAAP financial measures exclude certain items affecting comparability that can significantly affect the year-over-year assessment of operating results, which include amortization expense and impairment charges related to intangible assets; certain divestiture, acquisition, integration, and restructuring costs ("special project costs"); gains and losses on divestitures; the net change in cumulative unallocated gains and losses on commodity and foreign currency exchange derivative activities ("change in net cumulative unallocated derivative gains and losses"); and other one-time items that do not directly reflect ongoing operating results. Income taxes, as adjusted is calculated using an adjusted effective income tax rate that is applied to adjusted income before income taxes and reflects the exclusion of the previously discussed items, as well as any adjustments for one-time tax-related activities, when they occur. While this adjusted effective income tax rate does not generally differ materially from the GAAP effective income tax rate, certain exclusions from non-GAAP results can significantly impact the adjusted effective income tax rate.
These non-GAAP financial measures are not intended to replace the presentation of financial results in accordance with U.S. GAAP. Rather, the presentation of these non-GAAP financial measures supplements other metrics used by management to internally evaluate its businesses and facilitate the comparison of past and present operations and liquidity. These non-GAAP financial measures may not be comparable to similar measures used by other companies and may exclude certain nondiscretionary expenses and cash payments. A reconciliation of certain non-GAAP financial measures to the comparable GAAP financial measure for the current and prior year periods is included in the "Unaudited Non-GAAP Financial Measures" tables. The Company has also provided a reconciliation of non-GAAP financial measures for its fiscal 2023 outlook.
The following tables provide a reconciliation of the Company's fiscal 2023 guidance for estimated adjusted earnings per share and free cash flow.
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KTX-1001 is a first-in-class, potent, and selective inhibitor of multiple myeloma SET domain (MMSET) for the treatment of patients with relapsed and refractory multiple myeloma
Company expects to initiate a Phase 1 clinical trial in 2H2022
World-class clinical and medical experts in myeloma research to support development of KTX-1001
CAMBRIDGE, Mass., Aug. 23, 2022 /PRNewswire/ -- K36 Therapeutics, Inc. ("K36"), a privately held biotechnology company developing novel targeted therapies for the unmet medical needs of cancer patients, announced today that the U.S. Food and Drug Administration (FDA) has cleared its Investigational New Drug (IND) Application for the Company's lead program KTX-1001. KTX-1001 is an investigational small molecule methyltransferase inhibitor of multiple myeloma SET domain known as MMSET, a major regulator of chromatin structure and transcription in multiple myeloma. K36 plans to initiate a Phase 1 clinical trial in the second half of 2022 to establish the safety, tolerability and preliminary efficacy of KTX-1001 in patients with relapsed and refractory multiple myeloma, enriching for patients who have the genetic translocation t(4;14).
K36 also announced the formation of its Clinical Advisory Board comprised of Drs. Jesus Berdeja, Shaji Kumar, Thomas Martin, María-Victoria Mateos, Noopur Raje, David Siegel and Suzanne Trudel.
"We are proud to announce the clearance of our first IND following the initial 30-day FDA review, officially marking our transition to a clinical-stage company in only 16 months since company inception. This achievement demonstrates our team's efficiency and focus toward our goal of advancing KTX-1001 and positively impacting the lives of patients and families suffering from multiple myeloma," said Terry Connolly, Ph.D., President and Chief Executive Officer of K36. "Along with this significant milestone, I am delighted to announce the establishment of our Clinical Advisory Board, bringing together a group of leading experts with deep expertise in developing breakthrough therapies for the treatment of multiple myeloma. This Board will complement the exceptional experience of our internal team and Dr. Lori Kunkel, our Independent Director."
K36's Clinical Advisory Board includes:
Jesus Berdeja, M.D., Director of Myeloma Research, Sarah Cannon Research Institute at Tennessee Oncology, Nashville, TN
Shaji Kumar, M.D., Consultant, Division of Hematology, Professor of Medicine, Mayo Clinic, Rochester, MN
Thomas Martin, M.D., Clinical Professor of Medicine, Adult Leukemia and Bone Marrow Transplantation Program, and Associate Director, Myeloma Program, University of San Francisco, Helen Diller Family Comprehensive Cancer Center, San Francisco, CA
María-Victoria Mateos, M.D. Ph.D., Consultant Physician in the Haematology Department and Associate Professor of Medicine at the University of Salamanca, Spain
Noopur Raje, M.D., Director, Center for Multiple Myeloma, Professor of Medicine, Harvard, Medical School, Massachusetts General Hospital Cancer Center, Boston, MA
David Siegel, M.D., Ph.D., Chief of the Multiple Myeloma Division, John Theurer Cancer Center, Hackensack University Medical Center, Hackensack, NJ
Suzanne Trudel, M.D., M.Sc., Associate Professor of Medicine, University of Toronto, Clinician Scientist, Princess Margaret Hospital Cancer Centre, Toronto, Canada
"There remains a significant unmet need for new and more effective therapies that can benefit high-risk myeloma patients such as those with translocation t(4;14)," said Noopur Raje, M.D. "As we use expanded combinations in early lines, there is a need for new classes of agents like KTX-1001."
"BCMA T cell redirecting therapies and the use of quadruplet therapy in myeloma are incredible advances but still have not leveled the playing field for high-risk multiple myeloma patients," added Jesus Berdeja, M.D. "There is still a need for novel precision therapeutics such as KTX-1001, and we are excited to be a part of bringing this first-in-class agent into Phase 1 testing."
K36 expects to enroll approximately 50 patients in the Phase 1 study, including an expansion cohort that will recruit patients with the genetic translocation t(4;14).
About KTX-1001
KTX-1001 is a novel, first-in-class, potent, and selective methyltransferase inhibitor of the catalytic activity of lysine H3K36. It is an investigational and orally administered small molecule being developed initially for the treatment of relapsed and refractory multiple myeloma, with a focus on patients with the t(4;14) translocation.
About the KTX-1001 Phase 1 Clinical Trial
The Phase 1 clinical trial is a single-arm, open-label study in subjects with relapsed and refractory multiple myeloma. It is a multi-part clinical trial with dose escalation followed by an expansion cohort in patients with the genetic translocation t(4;14) to evaluate the safety, tolerability, and preliminary efficacy of different doses of KTX-1001.
About K36 Therapeutics, Inc.
Founded in February 2021, K36 is a privately held biotech company. Investors include F-Prime Capital, Atlas Venture, and Eight Roads Venture Capital. Our mission is to translate epigenetic modulation of oncogenic pathways into first-in-class small molecule therapeutics for the benefit of cancer patients worldwide.
For more information please visit:
www.k36tx.com
LinkedIn
K36 COMPANY CONTACT
Michelle Kim | mkim@k36tx.com
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Walmart grocery pick up & delivery is now available on the LLENA (AI) platform Cook it Yourself Module
BATON ROUGE, La., Aug. 23, 2022 /PRNewswire/ -- Digital Diabetes Management Platform LLENA (AI) Health Solutions Inc. is working in cooperation with Walmart to provide personalized grocery recommendations on the LLENA (AI) platform. LLENA (AI) users can now browse and purchase personalized foods from Walmart featured in LLENA (AI)'s Cook it Yourself Module. LLENA (AI)'s proprietary artificial intelligence creates an individualized glycemic index value meal suggestion based on blood sugar, blood pressure, and other preferences. LLENA (AI) users can pick up or receive delivery of Walmart groceries.
"Connecting LLENA (AI) with Walmart food delivery is a ground-breaking move to support the communities in need and a true commitment to HBCUs 1890 Center of Excellence University programs addressing healthy eating as well as food deserts and food insecurities." - Charlotta Carter, LLENA (AI) Founder
Cook it yourself and get personalized recommended healthy foods directly from Walmart on the LLENA (AI) Platform. Download the LLENA (AI) Platform on iOS and Android today!
Learn to Love Eating Nutritiously Always, LLENA (AI) Health Solutions Inc. is a digital diabetes management platform with personalized recommendations powered by proprietary artificial intelligence. https://llenafood.life
iOS https://apps.apple.com/us/app/llena/id1488145138
With a grant from the USDA, LLENA(AI) and Southern University Agricultural Research & Extension Center helps Link Citizens of Louisiana with Opportunities for Success. The SUAREC provides services to the citizens of Louisiana in a manner that is useful in addressing their scientific, technological, social, economic and cultural needs in order to enhance their overall quality of life. Visit: https://www.suagcenter.com/
Walmart Corporation:
www.walmart.com
Charlotta Carter
LLENA(AI) Health Solutions, Inc.
www.llenafood.life
+1 408-896-7005
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SOURCE LLENA(AI) Health Solutions, Inc | https://www.whsv.com/prnewswire/2022/08/23/llena-ai-health-solutions-inc-collaborates-with-walmart-provide-personalized-healthy-grocery-shopping-llena-ai-platform/ | 2022-08-23T11:49:00Z |
Revenue exceeds guidance, with known supply chain challenges impacting results; notable strength in Pacing, Cardiac Surgery, Core Spine in the U.S., and Diabetes in Europe
DUBLIN, Aug. 23, 2022 /PRNewswire/ -- Medtronic plc (NYSE:MDT) today announced financial results for its first quarter of fiscal year 2023, which ended July 29, 2022.
Key Highlights
- GAAP diluted EPS of $0.70 increased 25%; non-GAAP diluted EPS of $1.13 decreased 17%, in-line with expectations
- Revenue of $7.4 billion decreased 8% as reported and 4% organic, ahead of expectations
- Company reiterates FY23 revenue and EPS guidance
The company reported worldwide revenue of $7.371 billion, a decrease of 8% as reported and 4% on an organic basis. The organic comparison excludes a $351 million negative impact from foreign currency translation and a $20 million contribution from the company's recent acquisition of Intersect ENT, which is reported in the Specialty Therapies division in the Neuroscience Portfolio. Unless otherwise stated, all revenue growth rates in this press release are on an organic basis, which excludes the impact of foreign currency translation and revenue from the Intersect ENT acquisition. The company's first quarter organic revenue results reflect the impact of known supply chain shortages, as well as unfavorable comparisons to the prior year given last year's strong ventilator sales and market procedure recovery following the third COVID-19 wave.
As reported, first quarter GAAP net income and diluted earnings per share (EPS) were $929 million and $0.70, respectively, increases of 22% and 25%, respectively. As detailed in the financial schedules included at the end of this release, first quarter non-GAAP net income and non-GAAP diluted EPS were $1.502 billion and $1.13, respectively, decreases of 18% and 17%, respectively. The company's earnings reflect the continued impact to certain procedure volumes and the macroeconomic impacts of inflation and foreign currency translation.
First quarter U.S. revenue of $3.766 billion represented 51% of company revenue and decreased 8% as reported and 9% organic. Non-U.S. developed market revenue of $2.328 billion represented 32% of company revenue and decreased 10% as reported and increased 2% organic. Emerging Markets revenue of $1.276 billion represented 17% of company revenue and decreased 1% as reported and increased 2% organic.
"The company continues to execute in a challenging environment, delivering organic revenue above our guidance," said Geoff Martha, Medtronic chairman and chief executive officer. "As we look ahead, our supply chain is improving, we have several near-term pipeline catalysts approaching, and we are confident in our ability to accelerate growth."
Cardiovascular Portfolio
The Cardiovascular Portfolio includes the Cardiac Rhythm & Heart Failure (CRHF), Structural Heart & Aortic (SHA), and Coronary & Peripheral Vascular (CPV) divisions. Cardiovascular revenue of $2.713 billion decreased 6% as reported and 1% organic, with low-single digit declines in CRHF and CPV and flat year-over-year results in SHA, all on an organic basis.
- Cardiac Rhythm & Heart Failure revenue of $1.393 billion decreased 6% as reported and 1% organic. Cardiac Rhythm Management revenue decreased low-single digits, with high-single digit declines in Defibrillation Solutions partially offset by mid-single digit growth in Cardiac Pacing Therapies, driven by mid-teens growth in Leadless Pacemakers from continued global adoption of Micra™ transcatheter pacing systems. Cardiovascular Diagnostics revenue increased low-single digits, as procedures remain under pressure market-wide. Cardiac Ablation Solutions revenue decreased low-single digits as a result of supply constraints in Western Europe, and COVID lockdowns in China.
- Structural Heart & Aortic revenue of $741 million decreased 6% as reported and was flat year-over-year organic. Structural Heart decreased low-single digits, including low-single digit growth in transcatheter aortic valves (TAVR). Aortic declined mid-single digits given continued supply challenges. Cardiac Surgery increased mid-single digits, driven by strength in extracorporeal life support products and sales of the Avalus™ pericardial aortic surgical valve.
- Coronary & Peripheral Vascular revenue of $579 million decreased 7% as reported and low-single digits organic. Coronary & Renal Denervation (CRDN) decreased mid-single digits, given the ongoing impact of COVID-19 on percutaneous coronary intervention (PCI) market procedures in many geographies. Peripheral Vascular Health decreased low-single digits, with declines in directional atherectomy and PTA balloons partially offset by growth in drug-coated balloons, vascular embolization, and superficial venous products.
Medical Surgical Portfolio
The Medical Surgical Portfolio includes the Surgical Innovations (SI) and the Respiratory, Gastrointestinal & Renal (RGR) divisions. Medical Surgical revenue of $2.001 billion decreased 14% as reported and 9% organic, with high-single digit declines in both SI and RGR. Excluding the impact of ventilator sales given the increased COVID-19 related demand in the prior year, Medical Surgical revenue decreased 7% organic.
- Surgical Innovations revenue of $1.338 billion decreased 14% as reported and 9% organic. The division had low-double digit declines in Advanced Surgical Instruments given expected acute supply chain shortages of raw materials, and the impact of China COVID lockdowns and provincial value-based procurement (VBP) stapling tenders. These declines were partially offset by strength in Hernia & Wound Management, which increased mid-single digits.
- Respiratory, Gastrointestinal & Renal revenue of $664 million decreased 14% as reported and 9% organic. RGR revenue decreased 3% organic excluding the impact of ventilator sales. Respiratory Interventions decreased mid-twenties, with sales of ventilators declining low-fifties as demand was well below pre-pandemic levels. Patient Monitoring increased low-single digits, with low-single digit declines in Nellcor™ pulse oximetry products offset by mid-single digit growth in Perioperative Complications products. Gastrointestinal revenue decreased low-single digits, with high-single digit declines in esophageal products partially offset by mid-single digit growth in chronic and colorectal products. Renal Care Solutions decreased low-double digits given product holds and supply chain challenges.
Neuroscience Portfolio
The Neuroscience Portfolio includes the Cranial & Spinal Technologies (CST), Specialty Therapies, and Neuromodulation divisions. Neuroscience revenue of $2.115 billion decreased 4% as reported and 2% organic, with mid-single digit declines in CST and Neuromodulation, partially offset by mid-single digit increases in Specialty Therapies, all on an organic basis.
- Cranial & Spinal Technologies revenue of $1.043 billion decreased 7% as reported and 5% organic. Spine & Biologics decreased mid-single digits, with mid-teens declines in Biologics given customer ordering patterns, partially offset by mid-single digit Core Spine growth in the United States. Neurosurgery declined low-single digits, with declines in navigation and robotics partially offset by growth in powered surgical instruments, imaging, and CSF management.
- Specialty Therapies revenue of $667 million increased 4% as reported and organic. Neurovascular increased low double-digits driven by strength in hemorrhagic stroke products. Pelvic Health decreased low-single digits on competitive pressures. ENT was flat year-over-year on an organic basis given supply constraints on several product lines.
- Neuromodulation revenue of $405 million decreased 8% as reported and 5% organic. Brain Modulation decreased low-single digits, as significant declines of replacement devices were partially offset by increased share of initial implants from the continued adoption of the Percept™ PC deep brain stimulation (DBS) system and SenSight™ directional DBS lead system. Pain Therapies decreased high-single digits, with mid-single digit declines in both Interventional and Pain Stim, as well as low-double digit declines in Targeted Drug Delivery on a difficult comparison given a supply recovery in the prior year. The Pain Stim market remained under pressure given healthcare staffing challenges and higher payer pre-authorizations. At the same time, the company continued to win new implant share in Pain Stim on strong adoption of its Vanta™ and Intellis™ with DTM™ SCS neurostimulators.
Diabetes
Diabetes revenue of $541 million decreased 5% as reported and was flat year-over-year organic. U.S. revenue declined mid-teens, given the absence of new product approvals. This was offset by low-double digit organic growth in non-U.S. developed markets and mid-teens organic growth in emerging markets. International sales were driven by mid-twenties growth in sales of continuous glucose monitoring (CGM) products and low-double digit growth in consumable sales, offset by low-single digit declines in sales of durable insulin pumps.
Guidance
The company today reiterated its revenue growth and EPS guidance ranges for fiscal year 2023.
The company continues to expect organic revenue growth in its fiscal year 2023 in the range of 4% to 5%. If recent foreign currency exchange rates hold, fiscal year 2023 revenue growth would be negatively affected by approximately $1.4 billion to $1.5 billion versus the previously stated $1.0 to $1.1 billion impact.
The company continues to expect fiscal year 2023 diluted non-GAAP EPS in the range of $5.53 to $5.65, including an estimated 17 to 22 cent negative impact from foreign currency.
"While our markets are facing macroeconomic challenges, we're focused on identifying ways to offset their impact to our financials," said Karen Parkhill, Medtronic chief financial officer. "Looking ahead, we expect organic revenue growth to improve each quarter, with the second half of the fiscal year much stronger than the first. We are optimistic about our future, as we create markets and realize new opportunities."
Webcast Information
Medtronic will host a webcast today, August 23, at 8:00 a.m. EDT (7:00 a.m. CDT) to provide information about its businesses for the public, investors, analysts, and news media. This webcast can be accessed by clicking on the Events icon at investorrelations.medtronic.com and this earnings release will be archived at news.medtronic.com. Medtronic will be live tweeting during the webcast on its Newsroom Twitter account, @Medtronic. Within 24 hours of the webcast, a replay of the webcast and transcript of the company's prepared remarks will be available by clicking on the Events icon at investorrelations.medtronic.com.
Medtronic plans to report its fiscal year 2023 second, third, and fourth quarter results on November 22, 2022, February 21, 2023, and Thursday, May 25, 2023, respectively. Confirmation and additional details will be provided closer to the specific event.
Financial Schedules
The first quarter financial schedules and non-GAAP reconciliations can be viewed by clicking on the Investor Events link at investorrelations.medtronic.com. To view a printable PDF of the financial schedules and non-GAAP reconciliations, click here. To view the first quarter and fiscal year 2023 earnings presentation, click here.
About Medtronic
Bold thinking. Bolder actions. We are Medtronic. Medtronic plc, headquartered in Dublin, Ireland, is the leading global healthcare technology company that boldly attacks the most challenging health problems facing humanity by searching out and finding solutions. Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 95,000+ passionate people across 150 countries. Our technologies and therapies treat 70 health conditions and include cardiac devices, surgical robotics, insulin pumps, surgical tools, patient monitoring systems, and more. Powered by our diverse knowledge, insatiable curiosity, and desire to help all those who need it, we deliver innovative technologies that transform the lives of two people every second, every hour, every day. Expect more from us as we empower insight-driven care, experiences that put people first, and better outcomes for our world. In everything we do, we are engineering the extraordinary. For more information on Medtronic (NYSE:MDT), visit www.Medtronic.com and follow @Medtronic on Twitter and LinkedIn.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to risks and uncertainties, including risks related to competitive factors, difficulties and delays inherent in the development, manufacturing, marketing and sale of medical products, government regulation and general economic conditions and other risks and uncertainties described in the company's periodic reports on file with the U.S. Securities and Exchange Commission including the most recent Annual Report on Form 10-K of the company, as filed with the U.S. Securities and Exchange Commission. In some cases, you can identify these statements by forward-looking words or expressions, such as "anticipate," "believe," "could," "estimate," "expect," "forecast," "intend," "looking ahead," "may," "plan," "possible," "potential," "project," "should," "going to," "will," and similar words or expressions, the negative or plural of such words or expressions and other comparable terminology. Actual results may differ materially from anticipated results. Medtronic does not undertake to update its forward-looking statements or any of the information contained in this press release, including to reflect future events or circumstances.
NON-GAAP FINANCIAL MEASURES
This press release contains financial measures, including adjusted net income, adjusted diluted EPS, and organic revenue, which are considered "non-GAAP" financial measures under applicable SEC rules and regulations. References to quarterly figures increasing, decreasing or remaining flat are in comparison to fiscal year 2022.
Medtronic management believes that non-GAAP financial measures provide information useful to investors in understanding the company's underlying operational performance and trends and to facilitate comparisons with the performance of other companies in the med tech industry. Non-GAAP net income and diluted EPS exclude the effect of certain charges or gains that contribute to or reduce earnings but that result from transactions or events that management believes may or may not recur with similar materiality or impact to operations in future periods (Non-GAAP Adjustments). Medtronic generally uses non-GAAP financial measures to facilitate management's review of the operational performance of the company and as a basis for strategic planning. Non-GAAP financial measures should be considered supplemental to and not a substitute for financial information prepared in accordance with U.S. generally accepted accounting principles (GAAP), and investors are cautioned that Medtronic may calculate non-GAAP financial measures in a way that is different from other companies. Management strongly encourages investors to review the company's consolidated financial statements and publicly filed reports in their entirety. Starting with the quarter ended April 29, 2022, the Company no longer adjusts non-GAAP financial measures for certain license payments for, or acquisitions of, technology not approved by regulators. Historical non-GAAP financial measures have been recast for comparability. Reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the financial schedules accompanying this press release.
Medtronic calculates forward-looking non-GAAP financial measures based on internal forecasts that omit certain amounts that would be included in GAAP financial measures. For instance, forward-looking organic revenue growth guidance excludes the impact of foreign currency fluctuations, as well as significant acquisitions or divestitures. Forward-looking diluted non-GAAP EPS guidance also excludes other potential charges or gains that would be recorded as Non-GAAP Adjustments to earnings during the fiscal year. Medtronic does not attempt to provide reconciliations of forward-looking non-GAAP EPS guidance to projected GAAP EPS guidance because the combined impact and timing of recognition of these potential charges or gains is inherently uncertain and difficult to predict and is unavailable without unreasonable efforts. In addition, the company believes such reconciliations would imply a degree of precision and certainty that could be confusing to investors. Such items could have a substantial impact on GAAP measures of financial performance.
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SOURCE Medtronic plc | https://www.whsv.com/prnewswire/2022/08/23/medtronic-reports-first-quarter-fiscal-2023-financial-results/ | 2022-08-23T11:49:06Z |
CHICAGO, Aug. 23, 2022 /PRNewswire/ -- Mizzen Capital, a New York based private-debt, SBIC fund, has deployed AIO Logic's loan and portfolio management platform, AXIS.
AXIS by AIO Logic is an end-to-end loan and portfolio management platform designed for the complex needs of SMB and middle-market lenders. AXIS by AIO Logic delivers unprecedented data integration, automation, and analytics throughout the loan lifecycle.
In addition to AXIS's core functionality, AIO has developed specialized qualification and reporting tools for SBIC lenders. By incorporating origination, underwriting, compliance, servicing, and reporting functionality into a single platform, AXIS by AIO Logic expedites the processes required by commercial lenders and SBIC lenders.
According to AIO CEO George Souri, "We are proud to have earned the trust of Mizzen's proven and deeply experienced leadership. We have worked closely with Mizzen's team to successfully deploy AXIS, and we are thrilled to see the benefits AXIS has been able to provide."
AXIS features top of class data security, and end-to-end data integration, centralization, and automation. As a result, AXIS reduces error rates and costs while by giving users finger-tip visibility into actionable insights and organizational data. AXIS also features a managed deployment process and can be deployed at a fraction of the time and costs of other solutions and multi-platform integrations.
According to Marilyn Adler, Managing Partner at Mizzen Capital: "We needed a platform that could accommodate complex loan structures and reporting requirements. AXIS is the most robust platform we have seen and has exceeded our expectations. We were also able to deploy AXIS in a much shorter time and for thousands of dollars less than other solutions we looked at."
In addition to being the only end-to-end platform designed for small business and middle-market lending, AXIS by AIO Logic is the only AI-enabled commercial loan and portfolio management platform. AXIS's data integration and AI tools automatically monitor key metrics such as borrower financial health, loan level risk, and portfolio risk, empowering lenders to more closely and robustly monitor risk and take pre-emptive action to minimize losses.
According to Elizabeth Karter, Managing Partner at Mizzen Capital: "AXIS's integrated origination, underwriting, servicing, compliance, reporting, and flexible analytics tools have helped us significantly improve efficiency and accuracy throughout our organization. AIO's team has been great to work with, managing each step of our deployment and working closely to support our team during and after deployment. AXIS is significantly ahead of any other platform that we reviewed."
AIO Logic is currently offering personalized demos of the platform to select lenders. Lenders who would like a personalized demo may email info@aiologic.io to make arrangements.
AIO Logic is a financial technology company providing SaaS solutions to SMB and middle market commercial lenders. Their loan and portfolio management platform, AXIS, is the only end to end solution capable of managing the complex requirements and bespoke loan structures of SMB and middle market commercial lending.
Mizzen Capital is a New York based fund primarily investing debt into U.S. based lower middle market companies. We tailor capital structures to fit company's needs and objectives. We prioritize transparency and aligned goals.
Media Contact:
AIO Logic
171 N. Aberdeen Street, Suite 400
Chicago, IL 60607
E: marketing@aiologic.io
www.aiologic.io
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SOURCE AIO Logic | https://www.whsv.com/prnewswire/2022/08/23/mizzen-capital-deploys-commercial-lending-platform-axis-by-aio-logic/ | 2022-08-23T11:49:13Z |
SAN ANTONIO, Aug. 23, 2022 /PRNewswire/ -- A modified tuberculosis vaccine developed at Texas Biomedical Research Institute could help treat a form of bladder cancer, called non-muscle invasive bladder cancer, without strong side effects. Results in mouse models and human cells show promising results and pave the way for human clinical trials. The research, conducted with UT Health San Antonio, was published in the journal Cancer Immunology, Immunotherapy.
"I'm hopeful that with grant or industry support, we can move this right along to clinical trials and explore this treatment for patients who don't have options other than bladder removal," says Robert S. Svatek, MD, a urologic oncologist at the Mays Cancer Center at UT Health San Antonio and co-senior paper author.
Each year in the United States, about 61,700 men and 19,480 women get bladder cancer, and about 17,100 deaths due to the disease occur, according to the American Cancer Society. It is the fourth most common type of cancer in men. About 75% of bladder cancer cases are classified as non-muscle invasive, which means the cancer affects the tissue lining the inner surface of the bladder, but not the bladder muscle.
The Mycobacterium bovis bacille Calmette-Guérin (BCG) vaccine was developed for tuberculosis (TB) in the 1920s, and has also been used to treat non-muscle invasive bladder cancer since the late 1970s by stimulating an immune response at the cancer site. It was one of the first cancer immunotherapies and is more effective than chemotherapy for this type of cancer – but up to 84% of patients cannot tolerate the strong side effects and don't complete the three years of BCG treatment. The last option is to remove the bladder, which leads to reduced quality of life.
"Imagine that there's this great drug that works really well, but you're not able to tolerate it," Dr. Svatek says.
Texas Biomed Professor Jordi B. Torrelles, PhD, specializes in TB, and has been working on a modified BCG vaccine for the past six years to improve TB treatment in the lungs. Specifically, Dr. Torrelles and his team remove certain lipids from the cell envelopes of the bacteria in the BCG vaccine. This "delipidated" vaccine still triggers the body to produce well-regulated immune responses, but reduces overzealous inflammation that causes severe tissue damage.
"It is more targeted and allows for a longer, slower response, which makes it more effective," Dr. Torrelles says.
Thanks to a San Antonio Medical Foundation grant, Dr. Torrelles was able to team up with Dr. Svatek and Hong Dixon, PhD, a research scientist specializing in drug development at Southwest Research Institute (SwRI), to test the modified vaccine for bladder cancer.
Dr. Torrelles and his lab made two versions of the delipidated vaccine based on different TB bacteria strains: sub-strain TICE developed in the U.S., and sub-strain Tokyo developed in Japan.
Dr. Svatek's lab conducted the tests in a mouse model of bladder cancer and in cells collected from human cancer patients. Both versions were equally effective compared with the original vaccine at killing cancer, but the modified Tokyo version caused less inflammation and fewer side effects than the TICE version.
"We were not expecting such a clear difference between the strains," says Dr. Torrelles, who has patented the modified vaccine for bladder cancer.
Now, the collaborators plan to seek funding for a phase 1 clinical trial in human patients. "Since this is based on an already FDA-approved treatment, we are hopeful it can proceed in a timely way," Dr. Torrelles says.
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SOURCE Texas Biomedical Research Institute | https://www.whsv.com/prnewswire/2022/08/23/modified-bladder-cancer-treatment-shows-promise-animal-studies/ | 2022-08-23T11:49:20Z |
Safdie's donation to his alma mater is one of the most extensive collections in Canada and features never-before-seen materials from more than 300 projects, including the thesis that inspired the iconic Habitat 67, designed as the Canada Pavilion for the 1967 World Exposition
MONTREAL, Aug. 23, 2022 /PRNewswire/ - Moshe Safdie, the renowned architect behind some of the world's most celebrated buildings, has donated his professional archive to his alma mater, McGill University, and pledged his personal apartment at Habitat 67 to ensure that it remains a resource for the University and the public at large.
Consisting of over 100,000 pieces, including loose sketches, sketchbooks, models, drawings, and correspondence related to unbuilt and built projects across the globe, Safdie's collection represents one of the most extensive and thorough individual collections of architectural documentation in Canada. Included is the original model and master copy of his McGill undergraduate thesis, 'A Case for City Living', which inspired his design for the Habitat 67 residence – a major exhibition built for Expo 67 in Montreal, and a turning point in modern architecture.
The centerpiece of the archive will be Safdie's personal apartment at the iconic Habitat 67 housing complex. The four-module duplex unit will serve as a resource for scholarly research, artist-in-residence programs, exhibitions, and symposia, thereby expanding the impact of the collection. Fondation Habitat 67, a non-profit foundation, will collaborate with McGill on the preservation and maintenance of the apartment as part of its mandate to promote the property for public educational activities.
"On behalf of the McGill community, I would like to express our gratitude to Moshe Safdie for his remarkable gift," said McGill Principal Suzanne Fortier. "This is a historic moment for McGill. One of the most influential and important architectural archives in the world, from one of our most celebrated graduates, will forever be a part of our University."
Moshe Safdie noted, "I have always valued the great education I received at McGill that has guided me through my professional life. Moreover, Canada has embraced and supported me, making possible the realization of several seminal projects. It is therefore fitting that McGill, Quebec, and Canada will be the home of my life's work."
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SOURCE McGill University | https://www.whsv.com/prnewswire/2022/08/23/moshe-safdie-one-worlds-most-acclaimed-influential-architects-gifts-his-professional-archive-mcgill-university/ | 2022-08-23T11:49:26Z |
The Nation's First National Organization for Black Business Celebrates 122nd Anniversary at Home of Founder Booker T. Washington During National Black History Month
- NBL will host the 122nd anniversary celebration during National Black History Month
- NBL unveils 2023 campaign to digitize 1 million Black-owned businesses by 2028
TUSKEGEE, Ala., Aug. 23, 2022 /PRNewswire/ -- A campaign that aims to enhance the digital capacity of 1 million Black-owned businesses and grow their revenue by engaging customers through technology is being introduced in Tuskegee at the 122nd anniversary of the National Business League (NBL).
A historic announcement will be made Aug. 22 and 23 concerning a project the NBL is spearheading in partnership with sponsor American Express. The goal is to transition 1 million Black-owned businesses into the digital economy by 2028. The five-year campaign, the Black Economic Freedom Movement, will kick off in January 2023 to relaunch the NBL with local city chapters throughout all 50 states and internationally. This will start with a $1.3 million newly designed organizational technology platform that has been developed to serve as a catalyst for the digital transformation and empowerment of Black-owned businesses.
Dr. Ken L. Harris, the organization's 16th national president and CEO, said, "As we pivot toward a post-pandemic economy, on the cusp of extreme Black racial injustice, the National Business League has jumped with both feet into the digital age. For Black businesses globally, the revolution won't be televised; it shall be digitized."
Industry research has shown that 40% of Black-owned businesses permanently closed their doors or were in dire condition, significantly hampered by the digital divide, during the COVID pandemic. A key factor in the decline of Black-owned businesses was the inability to access technology and mobility demands for consumers to purchase commodities, goods, products, and services online – in addition to Black business owners facing insurmountable economic, systematic, and institutional barriers that have historically plagued growth and development.
"When Tuskegee Founder Booker T. Washington envisioned the National Business League, he wanted to create opportunities for economic empowerment for Black businesses through collaboration," said Dr. Charlotte Morris, president of Tuskegee University. "We are honored to be a part of an anniversary celebration marking 122 impactful years while partnering with sponsor American Express to ensure that our community has the tools to advance in an ever-changing digital environment."
The National Business League's vision is to develop and drive the appropriate digital ecosystem for 3.2 million Black-owned businesses to thrive across America and internationally. The campaign will kick off with the NBL's regional offices in Detroit, Atlanta and Los Angeles and the national headquarters in Washington, D.C., then move to the NBL's largest local chapters in cities, historic towns, and settlements with the highest concentration of Black-owned businesses.
The three-point focus of the Black Economic Freedom movement campaign includes
- League Digitalization:
The National Business League will become one of the first national trade associations in the U.S. to go completely digital with a $1.3 million technology infrastructure upgrade, including a reimagined website, an online chapter portal, a mobile app, virtual meeting and webinar tools, social media platforms, a resource marketplace and an LMS system. - Digital-Ready Assessment Tool:
The National Business League will launch its digital-ready online assessment tool to gauge its members' digital readiness in the marketplace while making a concerted effort to connect technology and mobility resources to help close the digital divide for Black businesses and start-ups. - Digital Resource Marketplace:
The National Business League will also deploy online resources to help Black businesses and professional entrepreneurs go digital over the next five years by providing members a digital marketplace to help them educate, promote, grow, and hire in cities and chapter
"The city of Tuskegee is proud to co-host the National Business League for the 122nd year anniversary celebration and historic Black Economic Freedom announcement," said Lawrence F. Haygood, Jr., Mayor of Tuskegee, Alabama. Haygood also said, "The NBL and the city in partnership through the National Business League Tuskegee Chapter look forward to continuing a long tradition of supporting and being a historical beacon for local Black businesses in Tuskegee while also being an intricate part of the league's national movement."
NBL 122nd Anniversary Celebration Activities, Aug. 22-23, 2022 (Media Invited)
- WELCOME RECEPTION: Welcome and Visit to the Tuskegee History Center (Monday, Aug. 22, 2022, 5:00 p.m. - 6:30 p.m. CST)
- BOOKER T's TOWNS PLAY: Booker T's Towns Play at the Tuskegee Repertory Theater (Monday, Aug. 22, 2022, 7:00 p.m. - 8:30 p.m. CST), 201 South Main Street, Tuskegee, Alabama
- NATIONAL PRESS CONFERENCE: National Business League Press Conference: The Oaks, Booker T. Washington's former home, Tuskegee University, 905 Montgomery Road (Tuesday, Aug. 23, 2022, 10:00 a.m. - 11:30 a.m. CST)
- ANNIVERSARY LUNCHEON: The NBL 122nd Anniversary Black Business Luncheon at Logan Hall, Tuskegee University campus (Tuesday, Aug. 23, 2022, 12:00 pm - 1:30 pm CST)
- BOOKER T. WASHINGTON TOUR: Visit the Booker Taliaferro Washington Sr. Monument, Grave and Tuskegee Airmen National Historic Sites (Tuesday, Aug. 23, 2022, 1:30 pm - 2:30 pm CST)
Booker T. Washington founded the National Business League on August 23, 1900. It is the first and largest nonprofit, nonpartisan and nonsectarian Black business, and professional trade association in the country. It has 120,000 members nationwide and 125 Fortune 500 corporate partners, with regional offices in Atlanta, Georgia, Detroit, Michigan, and Los Angeles, California, and headquarters in Washington, DC, as well as city league chapters throughout all 50 states and internationally. The organization advocates for the interest of 3.2 million black businesses throughout the United States and abroad. Website: www.nationalbusinessleague.org
Tuskegee University is a private, historically Black land-grant university in Tuskegee, Alabama, whose mission has always been service to people. Stressing the need to educate the whole person, that is, the hand and the heart as well as the mind, Dr. Booker T. Washington founded this institution. www.tuskegee.edu
Media Contacts:
Thonnia Lee, Tuskegee University
(334) 724-4553, tlee@tuskegee.edu
Tamekia Nixon, National Business League
(313) 510-3781, Tamekianixon1@gmail.com
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SOURCE The National Business League | https://www.whsv.com/prnewswire/2022/08/23/national-business-league-nbl-launch-black-economic-freedom-movement-help-digitize-1-million-black-businesses-by-2028/ | 2022-08-23T11:49:33Z |
BRADENTON, Fla., Aug. 23, 2022 /PRNewswire/ -- The National Lubricant Container Recycling Coalition (NLCRC) is launching an industry-first collaborative recycling pilot program that focuses on consumer plastic packaging for engine oil and other petroleum-based products.
The NLCRC, comprised of members Castrol, Valvoline, Pennzoil - Quaker State, Graham Packaging, Plastipak Packaging, Berry Global, Chevron, and the Petroleum Packaging Council, is an industry-led technical coalition focused on developing a national market-sustaining program that drives the recovery and recycling of plastic packaging used to transport lubricants and related products for commercial and consumer use.
The recycling pilot is a one-year project involving over 40 locations in Atlanta, including retail stores and auto care centers, instant oil change locations, and several commercial facilities. The pilot aims to assess and measure the economic and market drivers for post-consumer recovery and recycling, better understand consumer waste disposal behaviors, and define parameters for model development and future scalability. Project partners include retail companies, commercial entities, Safety-Kleen, and Nexus Circular.
"One of the biggest waste management challenges facing the US is our ability to collect, sort, and process plastic packaging and return it to productive use. For contaminated packaging from petroleum and related materials, this isn't really happening. The pilot focuses on the heart of the problem – collection -- to find the most efficient ways to aggregate and transport the materials to processors that want them, creating value in a waste material that doesn't exist today." ~ Tristan Steichen, Director of NLCRC
Addressing a challenge as complex as this is not feasible for most individual companies, particularly given the complexities of distribution, supply chains, and competition. Transforming an industry requires collaboration with all stakeholders focusing on a common goal. The NLCRC seeks to represent a single voice of the industry. We aim to make an impact on the communities where our products are disposed while delivering meaningful results to the industry, its customers, and its member companies by reducing environmental and social risk and improving sustainability performance.
The National Lubricant Container Recycling Coalition or "NLCRC" is an industry-led technical coalition established in 2021 by a committed consortium of lubricant manufacturers and associated plastic packaging manufacturers, focused on establishing solutions for post-consumer recovery and recycling of plastic lubricant containers.
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SOURCE NLCRC | https://www.whsv.com/prnewswire/2022/08/23/national-lubricant-container-recycling-coalition-announces-atlanta-lubricant-container-recycling-pilot/ | 2022-08-23T11:49:40Z |
By giving dealers visibility into parts inventories outside their distribution networks, Syncron D2D accelerates repair times while reducing shipping costs, excess stock, and parts returns
ATLANTA, Aug. 23, 2022 /PRNewswire/ -- Syncron today announced the launch of Syncron D2D, a powerful solution enhancement to Retail Inventory that reduces service repair times and increases revenue by extending parts inventory beyond dealer distribution networks to alternate dealers. Syncron D2D goes further than existing solutions with capabilities like parts distribution center (PDC) backorder recovery, a feature that automatically triggers a parts search and eliminates manual processing. By seamlessly integrating with existing retail inventory systems and includes a powerful mobile app, Syncron D2D maximizes parts availability and customer satisfaction while reducing excess stock and costs.
"With the pressure to get customers up and running again faster than ever, OEMs can no longer afford to rely on local dealer inventory only. The inventory breadth and depth required to serve the aftermarket is simply too big and lead times from OEM distribution centers, especially for parts out of stock, are too long," says Staffan Theander, director of Service Supply Chain Solutions, Syncron. "With Syncron D2D, OEMs can use the entire dealer network inventory to cut backorder times and increase same-day repair rates while reducing network excess inventory and parts returns. This next-level inventory optimization and parts distribution, paired with the cost and time-saving automation of previously manual processes, makes Syncron D2D a game-changer for OEMs, dealers, and the customers who depend on them."
Historically, when a Dealer needed a part that was out of stock at the OEM or Parts Distribution Center, the customer had to wait. While most OEMs can give dealers some visibility into other inventories, these systems are limited, requiring tedious manual processes and involves expediting shipments, thereby eroding profit margin and carry a substantial environmental burden. Instead, Syncron D2D automatically triggers a comprehensive search of potential sellers. When it finds the part needed, Syncron D2D facilitates the transaction. With an intuitive mobile app, dealers can automatically locate parts, optimize stock levels, respond to requests, offer dealer incentives, track shipments, and more. According to Gene Metheny from Carlisle and Company, the companies that have established the types of processes that Syncron is enabling have achieved significant improvements in backorder fulfillment rates, future parts returns, and dealer network stock obsolescence, as referenced in the Carlisle Group's North American Parts Benchmarking study.
Syncron D2D Benefits
- Reduce customer wait times and equipment downtime
- Improve customer and dealer satisfaction
- Fewer returned and obsolete parts
- Decrease overall inventory and excess stock
- Lower expedited shipping costs
- Fewer sales lost due to backorder delays
To learn more about Syncron D2D, visit: syncron.com/dealer-to-dealer
About Syncron
Syncron empowers leading manufacturers and distributors to capitalize on the new service economy. We improve aftermarket business profitability, optimize working capital, increase customer loyalty, and enable customers to successfully transition to service-driven business models. With industry-leading investments in AI and ML, Syncron offers the first innovative, customer-endorsed, end-to-end intelligent Service Lifecycle Management (SLM) solutions portfolio. Delivered on our Connected Service Experience (CSX) platform, our solutions encompass service parts inventory, price, warranty, service contract, and field service management. It's no secret that the world's top brands trust Syncron, the largest privately-owned global leader in intelligent SLM SaaS solutions. For more, visit syncron.com.
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SOURCE Syncron | https://www.whsv.com/prnewswire/2022/08/23/new-syncron-dealer-dealer-d2d-software-extends-dealers-supply-chain-speed-repair-times-maximize-customer-loyalty/ | 2022-08-23T11:49:46Z |
A 1% decrease in fatalities is no cause for celebration, the Council warns
ITASCA, Ill., Aug. 23, 2022 /PRNewswire/ -- The National Safety Council releases today preliminary estimates revealing 21,340 people died in preventable crashes on U.S. roads during the first six months of 2022, a 1% decrease as compared to the same time period in 2021.
The first quarter of 2022 was grim; the National Highway Traffic Safety Administration issued a report, which showed a discouraging 7% increase in deaths during that time period. The good news: beginning in April, or the start of the second quarter, U.S. roads have experienced less loss of life. Newly released NSC data show June 2022 was the third consecutive month with deaths below 2021 levels and the first month below 2020 levels.
While this 1% decrease in deaths for the first half of 2022 as compared to 2021 may indicate a positive trend, NSC data show 2022 is up 15% as compared to 2020–proving U.S. roadways are still supremely dangerous, especially for those walking, biking, and rolling. Some states experienced fewer preventable deaths on the roads, while others saw frightening increases of 19% or more in the first six months of 2022, including:
- Maine (+52%, 28 more deaths)
- Vermont (+43%, 12 more deaths)
- Delaware (+43%, 23 more deaths)
- Alaska (+41%, 9 more deaths)
- Hawaii (+36%, 16 more deaths)
- Washington (+31%, 78 more deaths)
- Connecticut (+29%, 43 more deaths)
- New Jersey (+27%, 14 more deaths)
- New Hampshire (+27%, 14 more deaths)
- Nebraska (+19%, 20 more deaths)
"We must not become complacent," said Mark Chung, executive vice president of roadway practice at NSC. "Traffic violence plagues our communities, and thousands of lives lost each month is simply unacceptable. A one percent decrease only symbolizes a glimmer of hope and serves as confirmation that now is the time to combine proven countermeasures with innovative solutions so we can save lives. The work is far from over."
These semi-annual estimates come less than two weeks following the announcement of Steve Cliff's resignation as NHTSA administrator, leaving the agency without a nominated and confirmed leader once again. NSC calls on President Biden to quickly nominate a safety-focused replacement and urges the Senate to prioritize the confirmation process of the person selected. This leadership is essential to shepherding safety improvements through the U.S. Department of Transportation, overseeing millions of dollars in funding for local and state programs and setting the tone for how these programs will be administered.
"It's deeply concerning we are without a confirmed NHTSA administrator at a time of so much death on our roadways and when NHTSA has much work to do, such as advancing safety requirements on vehicles and implementing the Safe System approach," said Jane Terry, vice president of government affairs at NSC. "These preliminary figures are no cause for celebration and support the case, once again, for a designated leader at the federal level who will put the safety of all road users first. This is a significant setback in the shared efforts to improve roadway safety, and NSC stands ready to support NHTSA as they navigate through this time."
NSC estimates are subject to slight increases and decreases as the data mature. NSC collects fatality data every month from all 50 states and the District of Columbia and uses data from the National Center for Health Statistics, so that deaths occurring within one year of the crash and on both public and private roadways—such as parking lots and driveways—are included in the estimates. NSC motor vehicle fatality estimates and supplemental estimate information, including estimates for each state, can be found here.
About the National Safety Council
The National Safety Council is America's leading nonprofit safety advocate—and has been for more than 100 years. As a mission-based organization, we work to eliminate the leading causes of preventable death and injury, focusing our efforts on the workplace, roadway and impairment. We create a culture of safety to not only keep people safer at work, but also beyond the workplace so they can live their fullest lives.
Connect with NSC:
Facebook
Twitter
LinkedIn
YouTube
Instagram
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SOURCE National Safety Council | https://www.whsv.com/prnewswire/2022/08/23/nsc-preliminary-estimates-21340-people-died-traffic-crashes-first-half-2022/ | 2022-08-23T11:49:53Z |
SAN DIEGO, Aug. 23, 2022 /PRNewswire/ -- NuVasive, Inc. (NASDAQ: NUVA), the leader in spine technology innovation, focused on transforming spine surgery with minimally disruptive, procedurally integrated solutions, announced today that management will participate in the following investor conferences:
- 2022 Wells Fargo Healthcare Conference, September 7, 2022, Boston. Chief Financial Officer Matt Harbaugh will be speaking at 3:10 p.m. ET.
- Morgan Stanley 20th Annual Global Healthcare Conference, September 12, 2022, New York. Chief Executive Officer Chris Barry and Chief Financial Officer Matt Harbaugh will be speaking at 11:40 a.m. ET.
A live webcast of the presentations will be available online from the Investor Relations page of the Company's website at www.nuvasive.com. After the live webcast, a replay of the presentations will remain available on the website for 30 days.
About NuVasive
NuVasive, Inc. (NASDAQ: NUVA) is the leader in spine technology innovation, with a mission to transform surgery, advance care, and change lives. The Company's less-invasive, procedurally integrated surgical solutions are designed to deliver reproducible and clinically proven outcomes. The Company's comprehensive procedural portfolio includes surgical access instruments, spinal implants, fixation systems, biologics, software for surgical planning, navigation and imaging solutions, magnetically adjustable implant systems for spine and orthopedics, and intraoperative neuromonitoring technology and service offerings. With more than $1 billion in net sales, NuVasive operates in more than 50 countries serving surgeons, hospitals, and patients. For more information, please visit www.nuvasive.com.
Forward-Looking Statements
NuVasive cautions you that statements included in this news release that are not a description of historical facts are forward-looking statements that involve risks, uncertainties, assumptions and other factors which, if they do not materialize or prove correct, could cause NuVasive's results to differ materially from historical results or those expressed or implied by such forward-looking statements. The potential risks and uncertainties which contribute to the uncertain nature of these statements include, among others, risks associated with acceptance of the Company's surgical products and procedures by spine surgeons and hospitals, development and acceptance of new products or product enhancements, clinical and statistical verification of the benefits achieved via the use of NuVasive's products, the Company's ability to adequately manage inventory as it continues to release new products, its ability to recruit and retain management and key personnel, and the other risks and uncertainties described in NuVasive's news releases and periodic filings with the Securities and Exchange Commission. NuVasive's public filings with the Securities and Exchange Commission are available at www.sec.gov. NuVasive assumes no obligation to update any forward-looking statement to reflect events or circumstances arising after the date on which it was made.
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SOURCE NuVasive, Inc. | https://www.whsv.com/prnewswire/2022/08/23/nuvasive-participate-upcoming-investor-conferences/ | 2022-08-23T11:49:59Z |
SAN DIEGO, Aug. 23, 2022 /PRNewswire/ -- Phanes Therapeutics, Inc. (Phanes), an emerging leader in innovative discovery research and clinical development in oncology, announced today that the first patient has been dosed in the phase 1 clinical study (NCT05431270) of PT199, an anti-CD73 monoclonal antibody (mAb) for the treatment of multiple advanced solid tumors.
PT199 is an anti-CD73 mAb with a differentiated mechanism of action and is designed to counter the adenosine-mediated immunosuppressive tumor microenvironment (TME). PT199 fully inhibits both soluble and membrane-bound CD73, unlike some other CD73 inhibitors which exhibit incomplete inhibition. Moreover, at higher concentrations, no loss of inhibition or "hook effect" is observed with PT199. Hence, PT199 addresses the limitations of current CD73 inhibitors and is expected to increase antitumor immune activation, and potentially offer a new treatment option for cancer patients.
"The CD73 pathway represents a very promising target for addressing the immunosuppressive TME and we are pleased to open this study and bring this potential best-in-class mAb to cancer patients who have few treatment options." said Dr. Ming Wang, Founder and CEO of Phanes Therapeutics.
The multi-center Phase I clinical trial of PT199 is evaluating the safety, tolerability, pharmacokinetics, pharmacodynamics, and preliminary efficacy of PT199, alone and in combination with a PD-1 inhibitor, in patients with locally advanced or metastatic solid tumors that have progressed after all available standard therapy or for which standard therapy has proven to be ineffective, intolerable, or is considered inappropriate. Enrollment in the trial is open to individuals aged 18 years and older who have measurable disease with at least 1 lesion amenable to response assessment per RECIST 1.1 criteria, adequate organ function, and an ECOG performance status of 0 to 1.
For more information on the study please visit ClinicalTrials.gov (NCT05431270).
Phanes Therapeutics, Inc. is a biotech company focused on innovative drug discovery in oncology. Based in San Diego, California, the company's management team members previously held senior managerial and R&D positions in leading global pharmaceutical and biotech companies with extensive experience in R&D and commercialization. The company's bispecific antibody platform is PACbody™, a proprietary approach for constructing native IgG-like bispecific antibodies, SPECpair™, which allows mAb-like manufacturability of bispecific antibodies with native IgG-like structures, and ATACCbody™, a proprietary technology for targeting solid tumors using immuno-oncology molecules with modulated activities and thus minimal risk of cytokine release syndrome.
For more information, please visit www.phanesthera.com.
For business development or media inquiries please contact bd@phanestx.com or media@phanestx.com, respectively.
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SOURCE Phanes Therapeutics | https://www.whsv.com/prnewswire/2022/08/23/phanes-therapeutics-announces-first-patient-dosed-phase-1-study-pt199-advanced-solid-tumors/ | 2022-08-23T11:50:06Z |
SALT LAKE CITY, Aug. 23, 2022 /PRNewswire/ -- For every download of the free Pyvott app, Pyvott will donate one dollar to the non-profit charity Good Deed Revolution to support their live stream suicide prevention event, that will provide hope, help, healing and resources, LiveLIVE.
Pyvott, a Utah-based and user-friendly social media app, has partnered with Good Deed Revolution to raise money and awareness to help those struggling with mental illness, suicide, or addiction. For every download of the free social media app, Pyvott will donate $1 to support Good Deed Revolution's history-making event: LiveLIVE. LiveLIVE is the world's largest annual live stream suicide prevention event — bringing together singers, dancers, speakers, and celebrities in a modern-day Live Aid 1985 for suicide awareness, prevention, and support.
Founder and CEO of Pyvott, Josh Jackman, said about the collaboration, "Other social platforms do very little to prevent suicide among their users, and we want to be different. Through partnerships with organizations like Good Deed Revolution and the LiveLIVE event, we can create initiatives and build our app to prevent the harmful effects of suicide. Together, we can change the face of social media, give back, and actively support a great cause."
Brandy Vega, the founder of Good Deed Revolution, shares her excitement about the Dollar Per Download Campaign, "The momentum and support that the LiveLIVE event has received from companies like Pyvott has been phenomenal. Through campaigns like the dollar per download and events like LiveLIVE, we can do something to help end the mental health crisis sweeping our youth and save lives. Additionally, we look forward to working with Pyvott as they build a backend algorithm into the app to provide support to anyone suffering from suicidal thoughts."
Pyvott will donate a dollar for each download of their free social app between August 20, 2022, and September 11th, 2022. The app is available in the United States and on both Apple and Android devices.
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Good Deed Revolution is a Utah-based, non-profit organization that promotes good deeds worldwide. They are hosting a MASSIVE Live Stream Event for Suicide Prevention called LiveLIVE 2022. Celebrities, influencers, & activists will join the event to bring awareness to suicide prevention, education and provide a fundraising opportunity for Suicide Prevention efforts.
Pyvott is a new social media platform launched in September of 2021 out of Orem, Utah. With innovative features like customizable and deletable feeds for user privacy and auto-follow personal links, Pyvott is transforming the social media landscape. The free social app is available in the United States of America and on both the GooglePlay and Apple app stores.
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SOURCE Pyvott | https://www.whsv.com/prnewswire/2022/08/23/pyvott-utah-social-media-platform-is-donating-dollar-every-free-download-their-app-support-livelive-suicide-prevention-event-september-10th-2022/ | 2022-08-23T11:50:12Z |
RedTeam's continuing investment in leading jobsite collaboration platform boosts provider's evolving suite of construction solutions
ORLANDO, Fla., Aug. 23, 2022 /PRNewswire/ -- RedTeam Software, a leading construction management software platform provider, announces an update of the jobsite collaboration solution FieldLens by RedTeam. The update enhances FieldLens by RedTeam with PDF markup and redlining capabilities.
FieldLens is a dynamic, intuitive jobsite collaboration software for construction companies of all sizes that keeps project teams connected in real time. Built for both mobile and desktop environments, FieldLens keeps issues organized, documented, appropriately escalated and empowers effective collaboration among field, office and trade workers.
"We're committed to helping contractors and their teams meet the real-world challenges they face every day by providing a platform that supports their efficiency and productivity," said Jim Atkinson, CEO of RedTeam Software. "This investment in FieldLens by RedTeam is another step in our strategy to offer a full range of solutions that deliver value to construction professionals."
The FieldLens update follows RedTeam's recent recapitalization and the acquisition of Paskr, a commercial construction management solution that offers small to mid-size contractors an accessible platform with built-in, repeatable processes to reduce risk, increase oversight, and deliver more predictable project outcomes.
RedTeam's suite of construction solutions features products ranging from field-management software to enterprise-level workflow and management solutions. RedTeam appeared on the Inc. 5000 list of the fastest-growing companies in the United States in 2020 and 2021. More than 1,000 general contractors and over 100,000 users manage a collective $25 billion of commercial construction work with RedTeam.
For more information, visit Redteam.com, or try FieldLens for free today at FieldLens.com.
RedTeam is committed to construction management excellence. Our software is built from hands-on experience to help contractors face the day-to-day challenges of commercial construction. RedTeam clients experience seamless management of projects on and off the field with real-time collaboration, expedited contracting, compliance and change management. RedTeam is construction management software built by contractors who understand construction. For more information, visit Redteam.com.
MEDIA CONTACT:
Heather Ripley
Ripley PR
(865) 977-1973
hripley@ripleypr.com
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SOURCE RedTeam Software | https://www.whsv.com/prnewswire/2022/08/23/redteam-announces-pdf-markup-redline-capabilities-fieldlens/ | 2022-08-23T11:50:19Z |
Together the two brands partnered to collect, recycle and repurpose evian water bottles from New York's largest tennis tournament in September 2021 furthering a shared mission to keep plastic waste in the economy and out of nature
NEW YORK, Aug. 23, 2022 /PRNewswire/ -- Today, Rothy's and evian® water announced the launch of a limited-edition, tennis-inspired capsule collection made with repurposed evian water bottles, exclusively created by Rothy's. With a shared mission to significantly reduce and repurpose plastic waste, Rothy's and evian collected approximately 72,000 evian bottles from New York's largest tennis tournament last year, and transformed them into a stunning capsule collection using Rothy's signature 3D knitting process.
Each September, nearly ten tons of plastic is generated at this annual tennis event and diverted away from landfills via recycling. In 2021, Rothy's and evian committed to working together to find a circular solution for a portion of diverted waste, equating to approximately 72,000 evian bottles. Together, the brands announced a shared goal of giving evian bottles collected from the tournament a chic second life as part of a capsule collection of court-side essentials, made using Rothy's low waste, circular-focused manufacturing method. Now in 2022, this first-of-its-kind collection where courtside style meets circular production debuts just in time for the height of the 2022 tennis season.
To create the capsule collection, evian bottles were blended with other recycled plastic bottles and then transformed into soft, washable thread, which Rothy's used to knit each item to shape. The limited-edition offerings feature an assortment of durable and washable footwear, tennis gear and accessories including:
- The Slip On Sneaker ($125)
- The RS01 Sneaker ($175)
- The Cap ($95)
- The Visor ($75)
- The Racket Bag ($325)
- The Sling ($195)
- The Duffel Bag ($495)
As both Rothy's and evian pursue a closed-loop future, the partnership comes on the heels of both brands' commitments to be circular by 2023 and 2025, respectively.
By designing with recycled materials, circularity is an inherent benefit baked into Rothy's business model. Rothy's builds every product in its wholly-owned workshop, using world-class knitting technology to create footwear and accessories—with nearly no waste. Furthering its mission, in March 2021, Rothy's announced its pledge to reach circular production by 2023, pioneering the shoe recycling technology to incorporate twice-recycled materials into new products. Investing in nature-based carbon reductions for every mile of shipping, Rothy's will also reach carbon neutrality by 2023.
"Inspired by the staggering amount of waste our founders saw in other footwear manufacturing, Rothy's was founded with the goal of creating something better: better materials, better production, better product. We have built a sustainable business from the ground up, including an owned and operated Rothy's factory, where every single Rothy's product is made. We are excited to collaborate with evian to showcase Rothy's transformative capabilities and prove that through innovation we find new uses for single use plastic." — Saskia van Gendt, Rothy's Head of Sustainability
Packaging allows evian to bring its spring water to consumers, preserving the uniqueness of evian natural spring water's quality – but the brand believes it shouldn't come at the expense of the environment. evian is certified carbon neutral and all bottles are fully recyclable1. evian is part of Danone North America, one of the world's largest certified B Corporations, part of a growing movement of established companies using business as a force for good. Today, evian natural spring water 1.5L bottles in the US are made from 100% rPET2.
"Our pioneering spirit drives the evian brand to find revolutionary and sustainable ways to help limit packaging waste and promote recycling. This partnership has allowed us further our circular commitment and truly give our product a second life together with the sustainability fashion leaders at Rothy's. Collectively, we're inspired by the sport of tennis, and after an exciting journey together over the past year, we are thrilled to introduce this one-of-a-kind collection to the world." — Leeni Hämäläinen, Marketing Director at evian North America.
The Rothy's x evian capsule collection will be available starting today for a limited time, exclusively at Rothys.com and Rothy's New York City store locations, with retail prices ranging from $75 to $495.
Rothy's transforms sustainable materials into beautiful products for life on the go. Redefining expectations of comfort, style and sustainability, Rothy's knits thread made from recycled plastic water bottles into premium shoes and accessories in their wholly owned factory in Dongguan, China. This innovative manufacturing method allows Rothy's to create their signature pieces with significantly less waste than traditional manufacturing. Rothy's recently furthered its commitment to sustainability with a commitment to reach circular production by 2023.
evian® natural spring water comes from the heart of the French Alps, a unique geological site in the world. For more than 15 years, it travels through the rocks, where it picks up minerals. The brand has been working for over 25 years to preserve natural surroundings of the source, in an effort to preserve evian® natural spring water's exceptional quality for generations to come. Natural and uniquely balanced, evian® natural spring water is a healthy choice throughout the day.
evian®, a Danone brand, embraces the company's One Planet. One Health vision that the health of the people and the health of the planet are interconnected and therefore seeks to protect and nourish both.
For more information on evian and the planet, please visit: https://www.evian.com/en_us/planet
Press Contacts:
Alison Brod Marketing + Communications
evian@abmc-us.com
No. 29 Communications
rothys@thenumber29.com
1evian bottles will be blended with other recycled plastic to create the rPet used in the capsule collection
2Excludes caps and labels
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SOURCE evian | https://www.whsv.com/prnewswire/2022/08/23/rothys-evian-water-debut-limited-edition-tennis-inspired-capsule-collection-made-with-recycled-evian-water-bottles/ | 2022-08-23T11:50:25Z |
Nine in 10 small business leaders find it harder than ever to keep their company's data and information safe.
BANNOCKBURN, Ill., Aug. 23, 2022 /PRNewswire/ -- Shred-it, a leading information security service provided by Stericycle, Inc. (Nasdaq: SRCL), today announced the release of its 12th annual Data Protection Report (DPR), revealing key insights and expert perspectives on the ever-evolving information security landscape and the challenges small business leaders (SBLs) face. The report—titled "The Vital Importance of Data Protection for Small Businesses"—reveals gaps and opportunities in data protection, education and navigating the regulatory landscape.
According to the Identity Theft Resource Center's 2021 Annual Data Breach Report, data breaches are at an all-time high, surpassing the previous record set in 2017. Last year, physical breaches—including document theft—accounted for 43% of breached assets. The cost of data breaches is also on the rise with an average cost of more than $4 million, which could cripple a small business as they face potential regulatory actions and fines, legal fees and the loss of customers. This year's DPR found that the majority (90%) of SBLs feel that it is harder than ever to keep their company's sensitive data and information safe, even reporting that two-thirds have spent more budget on protection measures this year than ever before.
Small business leaders report remote work (69%), employee turnover (63%), and supply chain vulnerabilities (60%) as the driving factors of data protection challenges and concerns today. Moreover, over half of SBLs find it difficult to keep up with changing data and information protection regulations and do not have the adequate resources to navigate them.
Shred-it releases its 2022 Data Protection Report during a time when small businesses are facing new and larger threats to data protection. After a global pandemic accelerated a shift to remote work environments for many organizations, more businesses are now offering permanent remote or hybrid work options. The "Great Reshuffle," a time of strong labor demand and low unemployment, led to high employee turnover across North America. With a swath of new employees working in hybrid and decentralized work environments, there has never been a more important time, especially for small businesses, to prioritize data protection.
"It is abundantly clear that ineffective data protection strategies and bandage security solutions will not hold up against today's data breaches," said Cory White, executive vice president and chief commercial officer at Stericycle. "Small business leaders must understand the potential impact of insufficient data protection, not only to protect their bottom line but also to safeguard their reputation with employees and customers. Leaders need to prioritize both digital and physical information security efforts and offer regular education to employees to help them maintain diligence and stay apprised of evolving regulations. We are committed to helping companies protect their businesses, relationships and reputation through our data protection solutions."
Business-critical insights from the report include:
Small Businesses Are Leaving Physical Data Vulnerable to Potential Breaches
- Even though the vast majority (91%) believe that physical and digital data protection are equally important, many SBLs (53%) assert that digital risks are the greatest data protection risk to their business today.
- Only 27% of SBLs say they collect and destroy sensitive materials when no longer needed.
Education Is Key in Data Protection Efforts
- Only 58% of SBLs say their companies require all employees to undergo mandatory information security training.
- Even with that training, SBLs fear that their workforce still does not understand data protection best practices (67%) or how to navigate a potential data breach (66%).
Small Business Leaders Need Support to Navigate the Changing Regulatory Landscape
- 1 in 4 SBLs do not understand the various types of data and information protection laws and the ways businesses are subject to comply.
- 55% of SBLs believe they do not have adequate resources or support to navigate today's data and information protection regulations.
"This year's report sheds light on the many challenges small business owners face in protecting their business, employees and customers' data and information," said Michael Borromeo, vice president of data protection for Stericycle. "Physical and digital data protection is essential to a company's reputation and financial performance. Small business leaders and their employees should maintain a regular data security training schedule to mitigate the chances of a data breach and to stay informed on consumer privacy laws as they evolve. Partnering with a trusted third party for data protection and compliance can help SBLs navigate an evolving regulatory landscape and feel more confident in their organization's ability to protect sensitive data and information."
The full 2022 Data Protection Report provides actionable recommendations for small business leaders to keep their digital and physical data secure as well as best practices to remain educated about changes in data protection legislation to ensure compliance. Access the full report and multimedia assets here.
About the 2022 Data Protection Report
Shred-it's 2022 Data Protection Report is a survey of 510 small business leaders (e.g., business owners, executives, C-levels, VPs, Director+ levels or equivalent) who work at or own companies with 15 to 100 employees in the U.S. and Canada across a variety of sectors (e.g., healthcare, finance, professional services, insurance, real estate, etc.). This research uncovered critical information security concerns and challenges with data protection today. The report also investigates perceptions of today's data protection regulatory landscape and top barriers with compliance, the future outlook, and demand for external assistance from partners.
About Shred-it
Shred-it is an information security service provided by Stericycle, Inc. Shred-it's leading information destruction solutions ensure the security and integrity of private and confidential information, protecting global, national and local businesses across 14 countries worldwide. For more information, please visit www.shredit.com.
Media Contact:
+1-847-964-2288
media@stericycle.com
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SOURCE Shred-it | https://www.whsv.com/prnewswire/2022/08/23/shred-it-annual-report-finds-data-protection-vital-small-businesses/ | 2022-08-23T11:50:32Z |
LEONBERG, Germany , Aug. 23, 2022 /PRNewswire/ -- Leading German supplier of white-label cryptocurrency software, Skalex, has expanded its core services to include enterprise-level software development and consulting for businesses of all sizes. The company has also updated its brand identity and revamped its website to reflect these changes.
In response to changing market conditions and the needs of its customers, Skalex is proud to announce it is expanding its core lines of business to include software consulting and development. Skalex is implementing these changes after listening to client feedback and now offers these new services to help its clients to adapt and thrive in today's challenging business environment.
The company is well-positioned for such an expansion. Skalex is leveraging the vast knowledge it has gained through years of working in the digital asset industry to help customers select the best solutions for their business with services including DevOps Consulting, Enterprise Solutions, Legacy Software Upgrades, and Payment and KYC Solutions.
Skalex's core product and service lineup has also been widened to now include Wallet Solutions, Blockchain Development, Smart Contracts, Asset Tokenization Solutions, NFT Platforms, Liquidity Solutions, and DAOs in addition to the well-known white-label software.
The CEO of Skalex, Raj Ponniah, has always focused on the needs of the customer. "One of the founding members of Skalex once told me that his vision was to provide scalable solutions to help clients grow and succeed. I am so very proud of our products and innovative solutions, but in keeping with our foundational vision, we must put as much effort in providing support for our clients to meet them where they are in their development. By taking a holistic and systemic approach to our clients' needs, we may all flourish together." says Ponniah.
Please visit www.skalex.io for more information about Skalex's offerings and to schedule a demo with a knowledgeable Skalex representative.
About Skalex
Skalex GmbH, based in Germany, was an early pioneer in blockchain services and smart contract development. Skalex has raised the bar in the global cryptocurrency market with its renowned custom, white-label exchange software. Originally, the exchange software was designed to make it simple for customers to set up their own crypto exchanges and trade cryptocurrencies.
Skalex's development efforts and expertise have allowed it to create powerful infrastructure and turn-key tools that allow companies to manage and scale their business across a wide range of products and services.
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skalex GmbH Contact:
Isabel Kurz
Email: isabel.kurz@skalex.io
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SOURCE skalex GmbH | https://www.whsv.com/prnewswire/2022/08/23/skalex-now-offers-software-consulting-development-businesses-all-sizes/ | 2022-08-23T11:50:39Z |
The new induced pluripotent porcine stem cell line (iPS) enables the company to continue diversifying its species portfolio and accelerate its market readiness for cultured pork production
REHOVOT, Israel, Aug. 23, 2022 /PRNewswire/ -- Steakholder Foods Ltd. (Nasdaq: STKH) (formerly MeaTech 3D: $MITC), an international deep-tech food company at the forefront of the cultured meat industry, is pleased to announce that it will begin developing cultured pork products from a new line of iPS porcine cells.
The new stem cell line was derived from sampled cells that were reprogrammed back into an embryonic-like pluripotent state. This enables one cell bank to become an unlimited and highly scalable source for developing any type of muscle or fat cells for cultured meat production.
Steakholder Foods has partnered with a leading iPS cell line provider in order to shorten its development timeline for structured pork products, such as bacon, pork chops and ham. Through a unique process of cell cultivation and 3D bioprinting, the company expects to achieve the taste, texture and mouthfeel of conventional pork.
Steakholder Foods' proprietary 3D-bioprinting technology can produce structured meat with any muscle-to-fat ratio at an industrial rate of production and with pinpoint precision based on any desired shape, width or design.
Steakholder Foods will also produce ground pork products and pork biomass as an ingredient for hybrid food products, such as meatballs.
Steakholder Foods' venture into cultured pork adds to the company's already diverse product development activities which include cultured beef, chicken, fish, and seafood.
Arik Kaufman, Steakholder Foods' Chief Executive Officer & Founder: "We are very excited to be adding porcine to our portfolio of species. Pork has tremendous market potential being that it is widely recognized as the most popular meat in the world."
About Steakholder Foods
Steakholder Foods Ltd., formerly MeaTech 3D Ltd., is an international deep-tech food company at the forefront of the cultured meat revolution. The company initiated activities in 2019 and is listed on the Nasdaq Capital Market under the ticker "STKH" (formally MITC). Steakholder Foods maintains facilities in Rehovot, Israel and Antwerp, Belgium and is in the process of expanding activities to the US.
The company is developing a slaughter-free solution for producing a variety of beef, chicken, pork, and seafood products — both as raw materials and whole cuts — as an alternative to industrialized farming and fishing. With its membership in the UN Global Compact, Steakholder Foods is committed to act in support of issues embodied in the United Nations Sustainable Development Goals (SDGs) which include strengthening food security, decreasing carbon footprint, and conserving water and land resources.
For more information, please visit: https://steakholderfoods.com
Forward-Looking Statements
This press release contains forward-looking statements concerning Steakholder Foods' business, operations and financial performance and condition as well as plans, objectives, and expectations for Steakholder Foods' business operations and financial performance and condition. Any statements that are not historical facts may be deemed to be forward-looking statements. Forward-looking statements reflect Steakholder Foods' current views with respect to future events and are based on assumptions and subject to known and unknown risks and uncertainties, which change over time, and other factors that may cause Steakholder Foods' actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and are typically identified with words such as "may," "could," "should," "will," "would," "believe," "anticipate," "estimate," "expect," "aim," "intend," "plan" or words or phases of similar meaning and include, without limitation, Steakholder Foods' expectations regarding the success of its cultured meat manufacturing technologies it is developing, which will require significant additional work before Steakholder Foods can potentially launch commercial sales; Steakholder Foods' research and development activities associated with technologies for cultured meat manufacturing, including three-dimensional meat production, which involves a lengthy and complex process; Steakholder Foods' ability to obtain and enforce its intellectual property rights and to operate its business without infringing, misappropriating, or otherwise violating the intellectual property rights and proprietary technology of third parties; and other risks and uncertainties, including those identified in Steakholder Foods' Annual Report on Form 20-F for the fiscal year ended December 31, 2021, filed with the Securities and Exchange Commission on March 24, 2022. New risks and uncertainties may emerge from time to time, and it is not possible for Steakholder Foods to predict their occurrence or how they will affect Steakholder Foods. If one or more of the factors affecting Steakholder Foods' forward-looking information and statements proves incorrect, then Steakholder Foods' actual results, performance or achievements could differ materially from those expressed in, or implied by, forward-looking information and statements contained in this press release. Therefore, Steakholder Foods cautions you not to place undue reliance on its forward-looking information and statements. Steakholder Foods disclaims any duty to revise or update the forward-looking statements, whether written or oral, to reflect actual results or changes in the factors affecting the forward-looking statements, except as specifically required by law.
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SOURCE Steakholder™ Foods Ltd. | https://www.whsv.com/prnewswire/2022/08/23/steakholder-foods-initiates-cultured-pork-development-using-porcine-cell-line-with-significantly-greater-lifespan-scalability/ | 2022-08-23T11:50:45Z |
GOLETA, Calif., Aug. 23, 2022 /PRNewswire/ -- Teva®, a division of Deckers Brands (NYSE: DECK), announces the arrival of its latest collection for Fall 2022, inviting Teva fans to adventure further into the modern outdoors. With two new signature styles designed around comfort and durability, and updated fan-favorite core silhouettes, this season offers a range of versatile, weather-ready styles to take wearers from unpaved pathways to starry sky lounging. The Fall 2022 collection launches today with Teva's new ReEmber colors, with the remaining products dropping in the coming weeks and months.
A fresh offering of the fan-favorite ReEmber slip-ons are here. Beloved for its toasty warmth and earth-conscious materials, ReEmber reemerges in a new batch of fall hues, including Sauterne with a sunflower yellow color pop inspired by the Teva brand color, and Cashew, an earthen clay tone that mimics the colors of nature. Easily transitioning from couch to campsite and everywhere in between, this versatile slipper/sneaker is made to be your cold-weather go-to. (MSRP: $80)
Introducing ReEmber Terrain. Cozy enough for indoors. Rugged enough for outdoors. The ReEmber Terrain is your next-level lounge companion, showcasing the brand's all-new ULTRA-COMF technology, an ultra-comfy footbed designed for springy support and step-in comfort, and a grippy rubber outsole. Built for slip-on ease and created with a trusty loop that can hook to your backpack, the new ReEmber Terrain is perfect for post-adventure comfort. (MSRP: $90)
Teva ups its game with the more luxe version of its ReEmber, reimagined with plush materials. The ReEmber Plushed is an updated, cozier version of the camp shoe reintroduced in Fall 2021, and now serves as the premium option in the ReEmber franchise. Made with 100% Tencel faux shearling and 100% recycled polyester backer, this slip-on now has the ultimate plushness and comfort. The pinnacle of lazy day leisure, the ReEmber Plushed's rich suede upper has been coated with TevaRAPID RESIST treatment to repel water. This all-gender style is available in five colorways. (MSRP: $100)
Inspired by classic camp gear and coated with TevaRAPID RESIST treatment, the new ReEmber Vistaverse is geared for comfort and all-day wear. Delivering slip-on ease, this water-resistant shoe is ready for fall road trips and adventures. (MSRP: $100)
This season, Teva expands its hiking category with the introduction of a new modern hiking boot for fall, the Geotrecca. Light enough for the summer heat, yet sturdy enough for wetter weather, the Geotrecca delivers a smooth trek with plush comfort and exceptional stability, perfect for the modern outdoor enthusiast. With its lightweight construction and waterproof capabilities, thanks to a TevaRAPID PROOF bootie, the Geotrecca utilizes 95% recycled polyester textile upper, Leather Working Group's leathers and suedes, and 30% recycled EVA midsole. Its outsole is made of Teva's own spider rubber, which is made with 30% recycled content, creating the right amount of stickiness and traction. This earth-conscious and progressive hiker, available in eight colorways, combines style, technical features and versatility making it perfect for anywhere from street to trail. (MSRP: $150)
In addition to the introduction of the Geotrecca, Teva is excited to release its Grandview GTX Low, which is a low-pro take on the high-top Grandview GTA. This waterproof hiker for both men and women, features the same universal heel lock system to keep the wearer's foot in place while hiking but is re-engineered to accommodate a lower profile. Available in five colorways, the Grandview GTX Low combines waterproof leather and quick-dry mesh with a GORE-TEX waterproof bootie to keep your feet dry on the trail. (MSRP: $165)
To round out the hiking category this season, taking a trail-tested favorite to bold new heights, the Grandview GTX returns with retro, color-blocked styling, available in seven colorways. Tackling day hikes and weeklong excursions with the same rugged dependability, this all-terrain vehicle combines waterproof leather with a GORE-TEX waterproof bootie to seal out the elements and Vibram® Megagrip outsole for stability on uneven terrain. (MSRP: $175)
Just in time for the holidays, Teva is set to release two new seasonal styles, perfect for any holiday gathering with friends and family. First up, is the ReEmber Satinya, a luxurious spin on the original ReEmber silhouette. Featuring a premium finish suited for all festive activities, this slip-on sports a finish made with 100% recycled polyester satin, giving it a rich look and feel. The ReEmber Satinya is made with recycled content for both the midsole and outsole as well as TevaRAPID RESIST coating for weather-ready versatility. (MSRP: $85)
Elevating the classic Midform Universal silhouette, the Midform Universal Satinya is outfitted in ruched satin, delivering a polished new holiday sandal. Made with premium materials including luxe polyester satin, creating a soft and textural look, this style has a hook and loop strapping system making it easy to adjust. With a cushy EVA midsole and antimicrobial treatments to control odor, the Midform Universal Satinya is the perfect fit in every way. (MSRP: $70)
Teva celebrates the changing of the seasons with new colors of key open-toed and closed-toed styles to keep the adventures going all year long, wherever you explore. Updates across these silhouettes will drop throughout fall and winter 2022, and include key franchises: Originals, Hurricanes, Performance, and Flips. Each of these franchises, specifically the M/W Universal, W Flatform Universal, and W Hurricane XLT2 Ampsole, will see new webbings inspired by the elements of the desert that mimic the winds on sand dune ridges. Desert Multi and Mirage Multi color themes will be seen across various silhouettes including the M/W Original Universal, W Midform Universal, W Universal Slide, W Hurricane Drift, and M/W Hurricane XLT2.
New colorways include:
- Burlwood for W Anaya Bootie
- Dark Olive and Peppercorn for W Midform Boot
- Starfish for All-Gender Hurricane Verge
- Dusty Lavender for W Zymic
- Orion Blue for M Zymic
- Cyan Blue, Dusty Lavender, and Meadow Green for W Hurricane Drift
In 1984, Teva created the world's first sport sandal on the banks of the Grand Canyon. The brand outfits free-spirited adventure-seekers all over the world with versatile, modern outdoor footwear. In 2020, Teva committed to reducing the brand's environmental impact by ensuring 100% of its iconic straps are made with recycled plastic, so future generations can continue exploring the wild world around them. Learn more about Teva, a division of Deckers Brands, at teva.com or follow @Teva.
Media Contact: Teva@ledecompany.com
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SOURCE Teva | https://www.whsv.com/prnewswire/2022/08/23/teva-announces-arrival-its-latest-collection-fall-2022/ | 2022-08-23T11:50:52Z |
- Thinkific's fourth annual, virtual Think in Color summit drew over 29,000 registrations with participants from more than 60 countries.
- Over 70% of registrants were new to Thinkific
- More than 900 participants have enrolled in the Think in Color accelerator program, a free 8-week program that provides participants with a 90-day trial of Thinkific's Pro + Growth Plan, and ongoing training to build or scale their online learning business.
VANCOUVER, BC, Aug. 23, 2022 /PRNewswire/ - Thinkific Labs Inc. ("Thinkific" or the "Company") (TSX: THNC), the platform shaking up the knowledge economy by empowering creators to create, market and sell their online learning products, shared results from Think in Color 2022. The virtual summit on July 27th featured a roster of 100% women of color, who delivered practical, expert insights that address the real challenges faced by women of color entrepreneurs when launching and building online learning businesses.
"We are thrilled with the success of Think in Color," said Greg Smith, Co-Founder and CEO of Thinkific. "With registrations up over 20% from last year, we continue to see growing interest and engagement from knowledge commerce creators in the unique learnings and expert insights showcased at Think in Color. We are honored to play our part in creating a more inclusive and representative space for women of color entrepreneurs in the creator economy. Think in Color is one of the ways we live our core values, by providing practical resources and tools, and by building community to support women of color on their entrepreneurial journey."
Over the course of the event, attendees:
- Learned from Lisa Nichols, Founder and CEO of Motivating the Masses, Inc. about creating an abundance mindset and why shifting mindset is fundamental to business success;
- Were inspired by three creators of color, Ellie Diop, Kiaundra Jackson and Malle Naehu, who shared the stories of their business journeys and how they overcame the unique challenges facing women of color entrepreneurs, including financing, handling requests for free work and racial privilege in entrepreneurship;
- Watched Grammy-award winning singer, Chrisette Michele, launch and perform her new single, Home, and share her experiences and learnings on facing rejection while pursuing your purpose; and
- Connected with each other through the online Think in Color community group, which has over 5,000 members.
To further support women entrepreneurs, Thinkific is contributing $1 per registration to funding entrepreneurs through IFundWomen, which is the go-to funding marketplace for women-owned businesses and the people who want to support them with access to capital, coaching and connections.
Thinkific (TSX: THNC) makes it simple for entrepreneurs and established businesses of any size to scale and generate revenue by teaching what they know. Our platform gives businesses everything they need to build, market, and sell online courses and other learning products, and to run their business seamlessly under their own brand, on their own site. Thinkific's 50,000 active creators earn hundreds of millions of dollars in direct course sales while teaching tens of millions of students. Thinkific is headquartered in Vancouver, Canada and has a distributed team.
This news release includes forward-looking statements and forward–looking information within the meaning of applicable securities laws ("forward-looking statements"). Often, but not always, forward–looking information can be identified by the use of words such as "plans", "is expected", "expects", "scheduled", "intends", "contemplates", "anticipates", "believes", "proposes" or variations (including negative and grammatical variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements in this news release include statements regarding the continued growing interest and engagement of knowledge commerce creators; the anticipated and potential benefits that registrants to the Company's Think in Color 2022 event may become paid customers in addition to the anticipated benefits to customers from Thinkific's 8-week accelerator program to train and help customers build or scale their online learning business. Such statements and information are based on the current expectations of Thinkific's management, and are based on assumptions and subject to risks and uncertainties. Although Thinkific's management believes that the assumptions underlying these statements and information are reasonable, they may prove to be incorrect. Except as required by applicable securities laws, forward–looking statements and information speak only as of the date on which they are made and Thinkific undertakes no obligation to publicly update or revise any forward–looking statement or information, whether as a result of new information, future events or otherwise.
Forward-looking statements and information are not guarantees of future performance and involve a number of risks and uncertainties, some that are similar to other companies with online learning products and some that are unique to Thinkific. Thinkific's actual results may differ materially from those expressed or implied by its forward-looking statements, so readers are cautioned not to place undue reliance on them.
Thinkific's Annual Information Form to Shareholders dated February 23, 2022 and other documents it files from time to time with securities regulatory authorities describe the risks, uncertainties, material assumptions and other factors that could influence actual results and such factors are incorporated herein by reference. Copies of these documents are available on SEDAR.
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SOURCE Thinkific Labs Inc. | https://www.whsv.com/prnewswire/2022/08/23/thinkifics-record-breaking-think-color-2022-summit-delivers-inspiration-key-tools-women-color-entrepreneurs/ | 2022-08-23T11:50:59Z |
Destination Toronto's first U.S.-facing marketing campaign since 2019 showcases Toronto through the eyes of passionate insiders
TORONTO, Aug. 23, 2022 /PRNewswire/ - Through the eyes of five proud and passionate Toronto insiders, including actor and writer Simu Liu, You Gotta See What We See uses video storytelling to invite viewers to see the city through their lens, highlighting the diversity and uniqueness of Canada's largest city.
In addition to Liu, the Canadian actor and New York Times bestselling author, known for portraying Shang-Chi in the 2021 Marvel Cinematic Universe film Shang-Chi and the Legend of the Ten Rings, the campaign features: Nick Liu, critically-acclaimed chef and owner of DaiLo; Mariah Amber, live and digital host for the Toronto Raptors; Santee Siouxx, a Dakhota and Odawa content creator who focuses on Indigenous history, representation, cultural appropriation, and sustainable brands; and Sonia Mangat, host and reporter on CTV's ETalk and CP24 Breakfast Television.
"Toronto has played such an integral role in the launch of my career," said Simu Liu. "I am thrilled to be a part of this campaign sharing my love of this city. I owe everything to the arts and theater scene here; It's an incredible community for the exchange of ideas, cultural perspectives and extraordinary stories."
Each video takes a first-person approach to storytelling, featuring the insider's favourite spots in the city, their unique perspectives on what makes Toronto special, and stories about what they love about the city.
"Toronto is best experienced by engaging with its people, neighbourhoods, cultures, festivals, cuisine and more. Our role is to share the stories from this incredible city - in this case directly from those who know and love Toronto best - to fuel curiosity and inspire exploration," said Scott Beck, President & CEO of Destination Toronto. "Our new campaign, You Gotta See What We See, is a video content series developed to amplify the voices of Toronto insiders, sharing their diverse and authentic local perspectives on what they love about the city."
Running until October 2022, You Gotta See What We See targets the major cities of New York/New Jersey, San Francisco/San Jose, Chicago and Washington D.C. with the primary goal of building brand awareness, fueling curiosity and ultimately encouraging travel to Toronto.
This is the first U.S.-facing marketing campaign since 2019, when the city saw almost 2 million American travellers who brought nearly $1.36 billion in spending to the visitor economy. You Gotta See What We See follows the recent announcement of the country's first MICHELIN Guide coming to Toronto later this year, and the recent addition of Canada's first Ace Hotel and the soon-to-be opened Nobu hotel.
Toronto's visitor economy is a vital economic engine for the city, generating more than $10 billion in economic activity and supporting 70,000 jobs in 2019. Destination Toronto's mandate is to reflect the breadth and diversity of Toronto's people, places and culture to inspire residents and visitors to meet, visit and explore our city. Operating in partnership with the City of Toronto, the Greater Toronto Hotel Association and the Ontario Ministry of Heritage, Sport, Tourism and Culture Industries, Destination Toronto markets and promotes the city to global travellers, attracts and supports major meetings and events, and supports local businesses to maximize the opportunities of visitor spending. For more information please visit DestinationToronto.com.
@DestinationToronto @Destination_Toronto @SeeTorontoNow
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SOURCE Destination Toronto | https://www.whsv.com/prnewswire/2022/08/23/toronto-insider-simu-liu-shares-his-love-toronto-you-gotta-see-what-we-see/ | 2022-08-23T11:51:05Z |
The cost of treatment with CytoSorb® will now be covered by the public sector in Turkey
PRINCETON, N.J., Aug. 23, 2022 /PRNewswire/ -- CytoSorbents Corporation (NASDAQ: CTSO), a leader in the treatment of life-threatening conditions in the intensive care unit and cardiac surgery using blood purification via its proprietary polymer adsorption technology, announced that the Turkish Ministry of Health has approved national reimbursement for CytoSorb®, which is now a reimbursed catalog product in the State Supply Office of Turkey (DMO) portal and can be purchased directly by hospitals and physicians without restrictions.
Dr. Christian Steiner, Executive Vice President, Sales and Marketing of CytoSorbents, stated, "We greatly appreciate the Turkish Ministry of Health's recognition of the important role CytoSorb can play in the management of complex patients who are critically ill or are undergoing cardiothoracic surgery. Each year in Turkey, there are an estimated 140,000 patients treated in the ICU for severe sepsis or septic shock related to infection, with a high risk of death. There are also more than an estimated 75,000 patients who undergo cardiothoracic surgery annually, many of whom are medical tourists treated in private hospitals. In addition, there are numerous other critically ill patients suffering from other life-threatening conditions such as acute lung or liver failure, trauma, and others where CytoSorb can be used to control deadly inflammation and provide organ support. Now with reimbursement, more patients will have access to our breakthrough CytoSorb therapy that adds a new dimension to blood purification."
Dr. Steiner praised the strategic collaboration with new distribution partner, Bıçakcılar Medical Devices. "Our partnership with Bıçakcılar was instrumental in obtaining national reimbursement and inclusion of CytoSorb® in the healthcare catalog of the DMO. We look forward to working more closely with them to leverage our new reimbursement and expand the Turkish market for our products."
Bıçakcılar Medical Devices is the leading manufacturer of disposable medical products and OR Solutions in Turkey. The company was established in 1959. Over the years, the Bıçakcılar brand has gained wide acceptance and established a tradition of continued reliability and customer satisfaction.
Dr. Souheil El Hakim, Chief Executive Officer of Bıçakcılar, emphasized the important alignment of both companies towards patient-centric solutions that are vital to improving clinical outcomes for critically ill patients in Turkey and beyond. "We believe that everyone deserves affordable and effective healthcare. In critical care medicine specifically, we are able to distribute the most effective therapies with the help of our extensive production facilities. At the same time, we are working to have a direct impact on healthcare outcomes. With CytoSorbents, we have found one of the most innovative partners to help us achieve this, giving us the opportunity to fill our approach with even more life."
Turkey provides universal health care for approximately 95% of the nation's 84 million citizens, comparable in size to Germany. There are more than 1,500 hospitals, where roughly 62% are public or university hospitals, and 38% are private. Turkey has a large intensive care unit network, with one of the highest numbers of ICU beds per 100,000 population among developed nations at roughly 46, compared to 29 in the U.S. and 39 in Germany, for example. Turkey is also a central hub for medical tourism in the region, attracting 1.7 million patients from outside of Turkey each year, particularly for surgical procedures such as cardiovascular, thoracic, plastic, orthopedic, and others.
Bıçakcılar Medical is a 60-year-old company that has created a lot of "firsts" in Turkey where it was born. Over the years, expanding globally, Bıçakcılar Medical has helped to save lives around the world supplying the products that are crucial in healthcare. From medical disposables to OR Solutions, it stands out with two unique attributes: Quality control with zero tolerance for error and after sales service by its own experts, adding exceptional durability to its medical equipment. A focus on the "patient" is just one of the reasons many of its international and domestic customers have partnered with the company for over 20 years. With over 800 employees and many business partners, Bıçakcılar serves its customers by manufacturing and supplying innovative, reliable and environmentally friendly medical devices. Bıçakcılar is committed to assuring that everything it does benefits society and the environment while helping to save lives.
CytoSorbents Corporation is a leader in the treatment of life-threatening conditions in critical care and cardiac surgery through blood purification. Its flagship product, CytoSorb®, is approved in the European Union and marketed in more than 70 countries worldwide. It is an extracorporeal cytokine adsorber designed to reduce the "cytokine storm" or "cytokine release syndrome" that occurs in common critical illnesses and can lead to massive inflammation, organ failure and patient death. In these diseases, the risk of death can be extremely high, and there are few, if any, effective treatments. CytoSorb is also used during and after cardiothoracic surgery to remove inflammatory mediators that can lead to postoperative complications, including multiple organ failure. As of June 30, 2022, more than 179,000 CytoSorb devices have been used cumulatively worldwide. CytoSorb was originally launched in the European Union under the CE Mark as the first extracorporeal cytokine adsorber. Additional CE Mark extensions were granted for bilirubin and myoglobin removal in clinical conditions such as liver disease and trauma, respectively, and for ticagrelor and rivaroxaban removal during cardiothoracic surgery. CytoSorb has also received FDA emergency approval in the United States for use in adult critically ill COVID-19 patients with impending or confirmed respiratory failure. The DrugSorb™-ATR antithrombotic removal system, based on the same polymer technology as CytoSorb, also received FDA Breakthrough Device Designation to remove ticagrelor and FDA Breakthrough Device Designation to remove the direct oral anticoagulants (DOAC) apixaban and rivaroxaban in a cardiopulmonary bypass circuit during urgent cardiothoracic procedures. The company has initiated two FDA-approved pivotal studies to support marketing approval of DrugSorb-ATR in the United States. The first is the randomized, controlled STAR-T (Safe and Timely Antithrombotic Removal-Ticagrelor) study of 120 patients at 30 centers to evaluate whether intraoperative use of DrugSorb-ATR can reduce perioperative bleeding risk in ticagrelor patients undergoing cardiothoracic surgery. The second study is the STAR‑ D (Safe and Timely Antithrombotic Removal-Direct Oral Anticoagulants) randomized controlled trial of 120 patients at 30 centers evaluating the intraoperative use of DrugSorb-ATR to reduce perioperative bleeding risk in patients undergoing cardiothoracic surgery who are taking direct oral anticoagulants, including apixaban and rivaroxaban.
CytoSorbents' purification technologies are based on biocompatible, highly porous polymer beads that can actively remove toxic substances from blood and other body fluids through pore entrapment and surface adsorption. The Company's technologies have received more than $39.5 million in non-dilutive grants, contracts and other funding from DARPA, the U.S. Department of Health and Human Services (HHS), the National Institutes of Health (NIH), the National Heart, Lung, and Blood Institute (NHLBI), the U.S. Army, the U.S. Air Force, U.S. Special Operations Command (SOCOM), Air Force Material Command (USAF/AFMC) and others. The company has numerous marketed and in-development products based on this unique blood purification technology protected by numerous issued U.S. and international patents and registered trademarks, as well as several pending patent applications, including ECOS-300CY®, CytoSorb-XL™, HemoDefend-RBC™, HemoDefend-BGA™, VetResQ®, K+ontrol™, DrugSorb™, DrugSorb™-ATR, ContrastSorb and others. For more information, please visit the company's websites at www.cytosorbents.com and www.cytosorb.com or follow us on Facebook and Twitter.
This press release contains forward-looking statements that fall within the safe harbor of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding our plans, objectives, future goals and prospects for our business, expectations regarding the future impact of COVID-19 or the ongoing conflict between Russia and Ukraine, representations and assertions, and are not historical facts and are generally identified by the use of words such as "may," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue" and similar terms, although some forward-looking statements are worded differently. You should be aware that the forward-looking statements in this press release reflect management's current beliefs and expectations, but that our actual results, events and performance may differ materially from those in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the risks disclosed in our Annual Report on Form 10-K filed with the SEC on March 10, 2022, our Quarterly Reports on Form 10-Q and the press releases and other communications to stockholders that we issue from time to time seeking to inform interested parties of the risks and factors that may affect our business. We caution you not to place undue reliance on such forward-looking statements. We are under no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by federal securities laws.
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U.S. Company Contact:
Amy Vogel
305 College Road East
Princeton, NJ 08540
+1 (732) 329-8885
avogel@cytosorbents.com
European Company Contact:
Josephine Kraus
+49 30 765 84 66 23
josephine.kraus@cytosorbents.com
U.S. Public Relations:
Eric Kim
Rubenstein Public Relations
212-805-3052
ekim@rubensteinpr.com
European Public Relations:
Marcus Schult
commponists
+49 69 13823 ext. 960
+49 172 4238938
marcus.schult@die-kommponisten.com
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SOURCE CytoSorbents Corporation | https://www.whsv.com/prnewswire/2022/08/23/turkish-ministry-health-grants-national-reimbursement-cytosorb/ | 2022-08-23T11:51:12Z |
LAS VEGAS, Aug. 23, 2022 /PRNewswire/ -- Unified Compliance (UC), the industry leader assisting businesses with Governance, Risk, and Compliance processes and auditing, has received a strategic growth investment from Allomer Capital.
While compliance is a top priority for every organization, companies are challenged to manage risk and ensure compliance with all relevant rules, regulations, policies, and other requirements across numerous sets of regulations and policies, multiple organizations, and different systems and platforms. Failure or inability to demonstrate success can lead to massive fines and, in some cases, project halts and even business shutdowns.
"We weren't looking for any investor - we were looking for the right strategic investor, and we found that in Allomer Capital. They provide the strategic partnership and shared vision necessary to help us grow our API Gateway business," says UC CEO Dorian Cougias.
Unified Compliance and Allomer Capital have combined forces to create a comprehensive, easy-to-use framework for regulatory automation. The Common Controls framework is a comprehensive set of policies, standards, procedures, and controls that provides an all-inclusive solution for compliance management. In addition, with the upcoming launch of their new API Gateway, set to release later this year, they continue to ease the burden of risk and compliance professionals. The UC team's new API gateway and other Compliance as Code resources can be found at https://complianceascode.net.
"Due to the UCF's critical role in the GRC world, we are investing to strengthen their core team with additional industry experience and exceptional talent to continue to position the company for rapid growth as their API gateway and additional tools are released," said Steve Chang, Managing Partner of Allomer Capital Group.
About Allomer Capital Group
Allomer Capital Group is a private investment firm that invests flexible, long-term capital in partnership with leading industry executives to help companies accelerate growth and maximize potential. Allomer Capital is a partnership between Mr. Steve Chang and Moore Strategic Ventures, LLC, the privately held investment company for Louis M. Bacon, Founder and CEO of Moore Capital Management, LP. Allomer's founder, Steve Chang, has led investments totaling over $1.2 billion of capital across more than 25 companies in sectors such as technology, technology-enabled services, healthcare and media.
About Unified Compliance
Unified Compliance (UC) provides the world's most vetted compliance framework and supporting APIs to the Global 2000. Their Unified Compliance Framework® (UCF®) is the world's most extensive library of over 1000 interdependent regulatory compliance documents and the world's only commercially accessible Unified Compliance Framework (UCF). AWS, Verizon, Google, JPMorgan, NASA, US Treasury, and hundreds of other organizations across industries rely on UC's multi-patented processes and application programming interface (API). The UCF incorporates artificial and augmented intelligence to simplify, strengthen, and support compliance processes, ensuring greater ease of attestation and compliance success. Unified Compliance's logical, scientific approach to compliance simplifies the process. It helps compliance professionals gather the evidence they need to prove compliance in the most cost-efficient method available on the market. Detailed information is at https://www.unifiedcompliance.com.
Contact: Jody Mack, jody@moxyllc.com
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SOURCE Unified Compliance | https://www.whsv.com/prnewswire/2022/08/23/unified-compliance-secures-strategic-investment-allomer-capital/ | 2022-08-23T11:51:19Z |
This is the First Hospital in Texas and the Third VA Hospital to Offer MRIdian® MRI-guided Radiation Therapy Cancer Treatment.
DENVER, Aug. 23, 2022 /PRNewswire/ -- ViewRay, Inc. (Nasdaq: VRAY) announced today that the VA Houston Healthcare System has selected a MRIdian MRI-guided radiation therapy system to expand radiation therapy services at the Michael E. DeBakey VA Medical Center. The MRIdian system will enable the VA Houston Cancer Program to offer advanced MRI-guided radiation therapy technology to Veterans throughout the region who are seeking personalized treatment for pancreas, prostate, lung, liver, breast, and oligometastatic cancers.
VA Houston Healthcare System provides state-of-the-art healthcare services to Veterans at 12 locations of care in southeast Texas and is one of the leading healthcare systems serving Veterans in the South-Central VA Health Care Network. They are an innovative care center within the Veterans Integrated Service Network 16 (VISN 16), which includes medical centers and clinics in Mississippi, Louisiana, Arkansas, Oklahoma, southeast Texas, and northwest Florida. The Michael E. DeBakey VA Medical Center joins the Lieutenant Colonel Charles S. Kettles VA Medical Center (VA Ann Arbor Healthcare System) and the Louis Stokes Cleveland VA Medical Center (VA Northeast Ohio Healthcare System) as the third Veteran's Affairs facility to invest in MRIdian SMART (stereotactic MR-guided adaptive radiotherapy), which combines the benefits of real-time MRI visualization, on-table adaptive therapy, and automatic beam control, to allow clinicians to deliver precise radiation therapy treatment.
"ViewRay is excited to see another VA Healthcare system join the MRIdian community. This is a testament to their dedication and commitment to bringing the most advanced radiation therapy to our Veterans," said Paul Ziegler, Chief Commercial Officer at ViewRay. "Thousands of patients treated on MRIdian prove compelling and consistent clinical outcomes in both tough to treat and more common cancers. Patients demand short-course non-invasive therapy with fewer side effects and the VA is clearly committed to delivering that to every patient they serve."
The MRIdian system provides oncologists outstanding anatomical visualization through diagnostic-quality MR images and the ability to adapt a radiation therapy plan to the targeted cancer with the patient on the table. This combination allows physicians to define tight treatment margins to avoid unnecessary radiation exposure of vulnerable organs-at-risk and healthy tissue and allows the delivery of ablative radiation doses in five or fewer treatment sessions, without relying on implanted markers. By providing real-time continuous tracking of the target and organs-at-risk, MRIdian enables automatic gating of the radiation beam if the target moves outside the user-defined margins. This allows for delivery of the prescribed dose to the target, while sparing surrounding healthy tissue and critical structures, which results in minimizing toxicities typically associated with conventional radiation therapy
To date, nearly 25,000 patients have been treated with MRIdian. Currently, 53 MRIdian systems are installed at hospitals around the world where they are used to treat a wide variety of solid tumors and are the focus of numerous ongoing research efforts. MRIdian has been the subject of hundreds of peer-reviewed publications, scientific meeting abstracts, and presentations. For a list of treatment centers, please visit: https://viewray.com/find-mridian-mri-guided-radiation-therapy/
The opinions and clinical experiences discussed herein are specific to the featured physicians and are for information purposes only. Nothing in this material is intended to provide specific medical advice or to take the place of written law or regulations. Results of treatment presented in this press release are not indicative of typical or future results.
The MRIdian Linac System is not appropriate for all patients, including those who are not candidates for magnetic resonance imaging. Radiation treatments may cause side effects that can vary depending on the part of the body being treated. The most frequent ones are typically temporary and may include, but are not limited to, irritation to the respiratory, digestive, urinary, or reproductive systems; fatigue; nausea; skin irritation; and hair loss. In some patients, side effects can be severe. Treatment sessions may vary in complexity and duration. Radiation treatment is not appropriate for all cancers. You should discuss the potential for side effects and their severity as well as the benefits of radiation and magnetic resonance imaging with your doctor to make sure radiation treatment is right for you.
ViewRay, Inc. (Nasdaq: VRAY) designs, manufactures, and markets the MRIdian® MRI-Guided Radiation Therapy System. MRIdian is built upon a proprietary high-definition MR imaging system designed from the ground up to address the unique challenges and clinical workflow for advanced radiation oncology. Unlike MR systems used in diagnostic radiology, MRIdian's high-definition MR was purpose-built to address specific challenges, including beam distortion, skin toxicity, and other concerns that potentially may arise when high magnetic fields interact with radiation beams. ViewRay and MRIdian are registered trademarks of ViewRay, Inc.
This press release contains forward-looking statements within the meaning of Section 27A of the Private Securities Litigation Reform Act. Statements in this press release that are not purely historical are forward-looking statements. Such forward-looking statements include, among other things, ViewRay's financial guidance for the full year 2022, anticipated future orders, anticipated future operating and financial performance, treatment results, therapy adoption, innovation, and the performance of the MRIdian systems. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the ability to commercialize the MRIdian Linac System, demand for ViewRay's products, the ability to convert backlog into revenue, the timing of delivery of ViewRay's products, the timing, length, and severity of the COVID-19 pandemic, including its impacts across our businesses on demand, our operations and global supply chains, disruptions in the supply or changes in costs of raw materials, labor, product components or transportation services as a result of inflation, the results and other uncertainties associated with clinical trials, the ability to raise the additional funding needed to continue to pursue ViewRay's business and product development plans, the inherent uncertainties associated with developing new products or technologies, competition in the industry in which ViewRay operates, and overall market conditions. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to ViewRay's business in general, see ViewRay's current and future reports filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and its Quarterly Reports on Form 10-Q, as updated periodically with the Company's other filings with the SEC. These forward-looking statements are made as of the date of this press release, and ViewRay assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by law.
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SOURCE ViewRay, Inc. | https://www.whsv.com/prnewswire/2022/08/23/va-houston-healthcare-system-selects-viewray-expand-advanced-radiation-therapy-services/ | 2022-08-23T11:51:25Z |
Simms to Anchor New Platform in the Fishing Category Within Vista Outdoor's Outdoor Products Portfolio
Acquisition Strengthens Vista Outdoor with 12th Power Brand, Adds Approximately $110 Million in Net Sales
ANOKA, Minn., Aug. 23, 2022 /PRNewswire/ -- Vista Outdoor Inc. (NYSE: VSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor products to consumers around the globe, today announced the closing of its acquisition of Bozeman, Mont.-based Simms Fishing Products for a purchase price of $192.5 million, which includes a net present value of roughly $20 million in future tax benefits.
"The addition of Simms Fishing Products to the Vista Outdoor family is transformational for our growing Outdoor Products segment," said Chris Metz, Chief Executive Officer, Vista Outdoor. "As the anchor of our new fishing platform, Simms broadens our core addressable market into a new, highly attractive category with a premium, innovative brand that boasts significant room for growth. We are especially excited that Simms will continue to call Bozeman home and will keep designing and producing their world-famous waders in Montana."
Simms was founded in 1980 and later acquired in 1993 by K.C. Walsh, its current Executive Chairman, who continues with the company as a strategic advisor and conservation and government affairs advocate. Simms CEO Casey Sheahan continues to lead day-to-day operations of Simms, and the current Simms management team and existing employee base will remain in place.
Simms is now part of Vista Outdoor's Outdoor Products segment and will be included in the new Outdoor Products Company upon the completion of the previously announced separation.
Vista Outdoor paid a gross purchase price of $192.5 million, which included a net present value of roughly $20 million in future tax benefits. Simms grew net sales by a compound annual growth rate of approximately 15 percent from calendar year 2019 to 2021 and is expected to grow in excess of that in calendar year 2022. Vista Outdoor expects the transaction to be accretive to earnings, excluding transaction costs, transition costs and inventory step-up, in Fiscal Year 2024.
Vista Outdoor financed this acquisition via an existing ABL credit facility. After the acquisition of Simms, Vista Outdoor's leverage ratio is well within its target leverage ratio of one to two times. Vista Outdoor expects to de-lever to roughly 1.5 times by the end of the Fiscal Year 2023.
Since 1980, Simms Fishing has created products that inspire you to fish. We use our hands to craft groundbreaking gear that's built to fish harder and go farther. Our products serve a higher purpose. Fishing is fishing, but more importantly, gear that performs at the highest level allows all anglers to embrace the overall fishing experience and all the unique nuances that occur before and after the catch. And as fishing has advanced, so too have we, into a state-of-the-art design and manufacturing hub, where innovators converge in Bozeman, Montana, to form a diverse, creative family. For more, visit www.simmsfishing.com.
Vista Outdoor (NYSE: VSTO) is the parent company of more than three dozen renowned brands that design, manufacture and market sporting and outdoor products. We serve a broad and diverse range of consumers around the globe, including outdoor enthusiasts, golfers, cyclists, backyard grillers, campers, hunters, recreational shooters, athletes, as well as law enforcement and military professionals. Our reporting segments, Outdoor Products and Sporting Products, provide these consumers with a wide range of performance-driven, high-quality and innovative outdoor and sporting products. Our operating model leverages shared resources across brands to achieve levels of excellence and performance that would be out of reach for any one brand on its own. Brands include Remington Ammunition, Bushnell, CamelBak, Bushnell Golf, Foresight Sports, Fox Racing, Bell Helmets, Camp Chef, Giro, QuietKat, Stone Glacier, Federal Ammunition and more. Vista Outdoor products are sold at leading retailers and distributors across North America and worldwide. For news and information, visit our website at www.vistaoutdoor.com.
Some of the statements made and information contained in this report, excluding historical information, are "forward-looking statements," including those that discuss, among other things: our plans, objectives, expectations, intentions, strategies, goals, outlook or other non-historical matters; projections with respect to future revenues, income, earnings per share or other financial measures for Vista Outdoor; and the assumptions that underlie these matters. The words "believe," "expect," "anticipate," "intend," "aim," "should" and similar expressions are intended to identify such forward-looking statements. To the extent that any such information is forward-looking, it is intended to fit within the safe harbor for forward-looking information provided by the Private Securities Litigation Reform Act of 1995. Numerous risks, uncertainties and other factors could cause our actual results to differ materially from the expectations described in such forward-looking statements, including the following: supplier capacity constraints, production or shipping disruptions or quality or price issues affecting our operating costs; the supply, availability and costs of raw materials and components; increases in commodity, energy, and production costs; seasonality and weather conditions; our ability to complete acquisitions, realize expected benefits from acquisitions and integrate acquired businesses; reductions in or unexpected changes in or our inability to accurately forecast demand for ammunition, accessories, or other outdoor sports and recreation products; disruption in the service or significant increase in the cost of our primary delivery and shipping services for our products and components or a significant disruption at shipping ports; risks associated with diversification into new international and commercial markets, including regulatory compliance; our ability to take advantage of growth opportunities in international and commercial markets; our ability to obtain and maintain licenses to third-party technology; our ability to attract and retain key personnel; disruptions caused by catastrophic events; risks associated with our sales to significant retail customers, including unexpected cancellations, delays, and other changes to purchase orders; our competitive environment; our ability to adapt our products to changes in technology, the marketplace and customer preferences, including our ability to respond to shifting preferences of the end consumer from brick and mortar retail to online retail; our ability to maintain and enhance brand recognition and reputation; others' use of social media to disseminate negative commentary about us, our products, and boycotts; the outcome of contingencies, including with respect to litigation and other proceedings relating to intellectual property, product liability, warranty liability, personal injury, and environmental remediation; our ability to comply with extensive federal, state and international laws, rules and regulations; changes in laws, rules and regulations relating to our business, such as federal and state ammunition regulations; risks associated with cybersecurity and other industrial and physical security threats; interest rate risk; changes in the current tariff structures; changes in tax rules or pronouncements; capital market volatility and the availability of financing; foreign currency exchange rates and fluctuations in those rates; general economic and business conditions in the United States and our markets outside the United States, including the war in Ukraine and the imposition of sanctions on Russia, conditions affecting employment levels, consumer confidence and spending, conditions in the retail environment, and other economic conditions affecting demand for our products and the financial health of our customers; and risks related to our Planned Separation. You are cautioned not to place undue reliance on any forward-looking statements we make. A more detailed description of risk factors that may affect our operating results can be found in Part 1, Item 1A, Risk Factors, of our Annual Report on Form 10-K for fiscal year 2022 and in the filings we make with Securities and Exchange Commission (the "SEC") from time to time. We undertake no obligation to update any forward-looking statements, except as otherwise required by law.
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SOURCE Vista Outdoor Inc. | https://www.whsv.com/prnewswire/2022/08/23/vista-outdoor-announces-closing-acquisition-simms-fishing-products/ | 2022-08-23T11:51:31Z |
- Wemade opened Dubai branch in May and now plans to strengthen its global activities
- CEO Henry Chang visits Dubai and gives several interviews
- The region with a great potential for game industry and digital assets, suitable for blockchain business
SINGAPORE, Aug. 23, 2022 /PRNewswire/ -- Wemade is targeting the Middle East region for its global blockchain business. Wemade opened its branch in Dubai, UAE this May, and it was a part of Wemade's blockchain business expansion. Wemade is the first Korean gaming company to have a branch in Dubai.
The Middle East has a great growth potential for digital assets, blockchain technologies and more. Dubai stands out as an ideal base in the region not only for Wemade but global IT companies in general, as the game industry there is growing rapidly, and the government is taking a positive stance on blockchain.
Recently Dubai announced a pro-blockchain stance and is focusing its effort on innovative digital infrastructure. Preemptive, bold policies on supporting blockchain-based business ecosystems and crypto asset service are also in place.
Henry Chang, CEO of Wemade, visited Dubai on Aug 17 and gave an interview on live TV for CNBC Arabia. He introduced Wemade's blockchain business in general, his vision of inter-game economy, and WEMIX coin. Interviews by other local media followed.
"Games that adapt the blockchain technology such as coins, NFTs and Defi can enlarge the [well-designed in-game] economy beyond the game into the real world," Mr. Chang explained.
"Wemade has already established branches not only in Dubai but also in Singapore, China, Japan, and USA and will continue to do so this year," he later added. "We will pour everything we have to firmly establish Wemade as a global blockchain gaming company."
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SOURCE Wemade Co., Ltd | https://www.whsv.com/prnewswire/2022/08/23/wemade-plans-direct-more-effort-global-blockchain-business-including-middle-east/ | 2022-08-23T11:51:38Z |
Wates Group's Wates Innovation Network (WIN), a network of green innovations designed to help companies transition to net zero, now includes WINT's groundbreaking water management solutions
NEW YORK, Aug. 23, 2022 /PRNewswire/ -- WINT Water Intelligence, a leader in cutting-edge water management and leak-prevention solutions for construction, has been selected for Wates Group's exclusive Wates Innovation Network (WIN), a curated marketplace of premium sustainable technology solutions for construction, development and facilities management professionals.
The first-of-its-kind WIN marketplace connects companies with select innovative partners approved by a screening panel of environmental thought leaders. The network is designed to accelerate the transition to net zero by showcasing best-in-class solutions for designing, constructing and maintaining buildings.
"We're grateful to Wates Group for including us in this veritable toolbox for companies seeking ways to cut water consumption and lower their carbon emissions," said Yaron Dycian, WINT's chief product and strategy officer. "Eliminating waste is a critical step on the journey to net zero, and unfortunately most companies are not aware of the significant carbon impact of water. We aim to help those leading the way in the built environment take action."
WINT's inclusion into the portal comes on the heels of their recently published study uncovering the staggering impact that wasted water has on carbon emissions. The research illustrated that every 1,000 gallons of water used or wasted accounts for 85 pounds of carbon, and 25% of all water in the built environment is wasted.
"WINT is an ideal solution for the WIN portal, which connects organizations across the construction, real estate and facilities industries with the innovators driving sustainable technology opportunities for that space," said Zainab Dangana, Ph.D., head of sustainable technology for the Wates Group. "We're committed to supporting cutting-edge technology such as WINT that helps contractors, building owners, and developers meet their sustainability goals and achieve net zero."
The Wates Innovation Portal stemmed from more than eight years of experience helping companies find the right tech-led solutions through Wates Sustainable Technology Services. This portal streamlines access to offerings and encourages other innovators to join the growing number of green tech solutions for the built environment.
WINT uses AI and machine learning to conduct real-time water-flow analysis to identify leaks, cut waste and risk, and reduce carbon emissions. It has been adopted by the world's leading net-zero organizations including Microsoft, PepsiCo, Empire State Building and many other commercial, residential and construction companies.
For more information about WINT, visit https://wint.ai.
About WINT
WINT is dedicated to helping businesses reduce their environmental footprint by prevent the hazards, costs, waste and environmental impact associated with water leaks and waste. Utilizing the power of artificial intelligence and IoT technology, WINT provides a solution for commercial facilities, construction sites and industrial manufacturers looking to cut water waste, reduce carbon emissions and eliminate the impact of water-leak disasters. WINT has been recognized by Fast Company and CB Insights as one of the world's most innovative AI companies and has won multiple awards including "Next Big things in Tech" and Insurance Times' claims prevention technology award. For more information about WINT, visit https://wint.ai.
MEDIA CONTACT:
Heather Ripley
Ripley PR
(865) 977-1973
hripley@ripleypr.com
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SOURCE WINT | https://www.whsv.com/prnewswire/2022/08/23/wint-water-intelligence-selected-wates-exclusive-sustainable-innovation-network/ | 2022-08-23T11:51:44Z |
Federal officials investigating beating by Arkansas deputies, caught on video
MULBERRY, Ark. (AP) — Federal authorities said Monday they have started a civil rights investigation following the suspension of three Arkansas law enforcement officers after a video posted on social media showed two of them beating a man while a third officer held him on the ground.
The officers were responding to a report of a man making threats outside a convenience store Sunday in the small town of Mulberry, about 140 miles northwest of Little Rock, near the border with Oklahoma, authorities said.
Arkansas State Police said the agency would investigate the use of force. State police identified the suspect as Randal Worcester, 27, of Goose Creek, South Carolina.
The attorney for the two deputies said Monday that Worcester attacked one of the deputies, giving him a concussion.
GRAPHIC WARNING: Videos included in this story may contain disturbing content.
The video shows one officer punching the suspect with a clenched fist, while another can be seen hitting the man with his knee. The third officer holds him against the pavement.
In video recorded from a car nearby, someone yells at officers to stop hitting the man in the head. Two of the officers appear to look up and say something back to the person who yelled. The officers’ comments could not be heard clearly on the video.
“The fight was escalating with those officers, and you hear that woman on that video yelling and whoever that is, I think she could have saved his life,” said Carrie Jernigan, an attorney representing Worcester.
He was taken to a hospital, then released and booked into the Crawford County jail in Van Buren on multiple charges, including second-degree battery, resisting arrest and making terroristic threats, state police said.
Worcester was released Monday on $15,000 bond. When asked how he was feeling, he said “all right.” An attorney who escorted him from jail declined to comment on his behalf. Worcester was pushing a bicycle as he left the jail.
Worcester’s father declined to comment when contacted Monday by The Associated Press. He referred a reporter to a law firm representing the family. That firm said it was still trying to gather information and did not immediately have a comment on the video.
Two Crawford County sheriff’s deputies and one Mulberry police officer were suspended, city and county authorities said.
Worcester is white, according to jail booking information, and the three officers involved also appear to be white.
A Justice Department spokesperson said Monday that the U.S. Attorney’s Office for the Western District of Arkansas, the FBI’s Little Rock Field Office and the Department of Justice’s Civil Rights Division opened a civil rights investigation into the incident.
“The FBI and the Arkansas State Police will collect all available evidence and will ensure that the investigation is conducted in a fair, thorough, and impartial manner,” the Justice Department said in a statement. “The federal investigation is separate and independent from the ongoing state investigation.”
Crawford County Sheriff Jimmy Damante said before Worcester was arrested, an officer asked if he had any weapons on him, and he handed one over to the officer. Damante didn’t specify what type of weapon.
“They were about to take him into custody because of part of their investigation on the scene — that’s when he became violent,” Damante said.
The Crawford County Sheriff’s Office identified the three officers as Crawford County deputies Zack King and Levi White and Mulberry police officer Thell Riddle.
“I hold all my employees accountable for their actions and will take appropriate measures in this matter,” Damante said.
In a statement released Sunday evening, Mulberry Police Chief Shannon Gregory said the community and the department take the matter “very seriously.”
Gov. Asa Hutchinson, a Republican, told a news conference about the Justice Department’s plans to investigate. He described the beating as “reprehensible conduct” and said the officers’ actions were “not consistent” with the teachings of the Arkansas Law Enforcement Training Academy.
Arkansas State Police Col. Bill Bryant said his agency’s investigation would “take some time.”
“Once we get the facts and evidence, we’ll prepare a case file and a summary and turn it over to the prosecutor,” Bryant said.
However, Russell Wood, a Russellville attorney for the two deputies, said in a statement Monday that White was answering a report of a terroristic threat when he encountered Worcester, who he said matched the complainant’s description of her assailant. At first, Worcester gave White a false identity, Wood said.
As White was checking that identity, Worcester “became irate and viciously attacked Deputy White by grabbing him by the legs, lifting him up and body-slamming him, headfirst, on the concrete parking lot,” Wood said. After White hit his head on the concrete, stunning him, Worcester climbed onto him and “began striking him on the back of the head and face,” the attorney said.
After Worcester struck him, White said he saw him fight with King and Riddle, Wood said. White then “re-engaged and used all force necessary to get the violent suspect under control and detained.”
White suffered a concussion, Wood said. The attorney called for the release of the full Mulberry police dash-cam video of the incident but said he had not yet received a response.
Jernigan said she had filed an excessive force complaint against one of the suspended officers on behalf of another client of hers about a month ago.
“To date, I had not heard anything back. But the description of what happened to my client in July versus that video seemed almost identical,” Jernigan said. “And so we’re just of the position it didn’t have to even take place yesterday.”
Cellphone video of often-violent police interactions has put a spotlight on officer conduct in recent years, particularly since the 2020 killing of George Floyd while he was being arrested by police in Minneapolis.
The resulting nationwide protests called attention to officer brutality that often targets Black Americans.
The front door at the building that serves as the Mulberry police headquarters and city hall was locked Monday. A sign on the door directed anyone with questions about “the police investigation” to contact Arkansas State Police.
It was unclear whether the officers were wearing body cameras.
Amid public pressure for transparency and the proliferation of videos exposing police misconduct, there has been some pushback against recording officers. In July, the governor of Arizona signed a bill that makes it illegal to knowingly record officers from 8 feet or closer without permission.
Mulberry is a town of 1,600 people on the southern edge of the Ozarks in western Arkansas, right off Interstate 40, which runs from California to North Carolina.
At Kountry Xpress, the convenience store and filling station where the beating happened, truck drivers stop frequently to fill up on fuel. Customers also buy meals, which include American and Indian cuisine.
Shasta Morse, a cashier at Kountry Xpress, said she was working when Worcester was arrested but she didn’t know about it until a customer told her later.
“It’s a little unnerving,” she said.
___
This story has been corrected to fix the spelling of Randal Worcester. Authorities initially gave an incorrect spelling. The story has also corrected the location of where Worcester was taken. He was held at the Crawford County jail.
___
Associated Press writers Jill Bleed in Little Rock, Arkansas, Jeffrey Collins in Columbia, South Carolina, and Terry Wallace in Dallas contributed to this report.
Copyright 2022 The Associated Press. All rights reserved. | https://www.whsv.com/2022/08/23/federal-officials-investigating-beating-by-arkansas-officers-caught-video/ | 2022-08-23T12:02:12Z |
Man charged with killing woman he just met, placing her head on a stick, authorities say
MITCHELL, Iowa (KCRG/Gray News) – A man in Iowa is facing charges in connection to the disappearance and death of a woman he had just met, police say.
According to authorities, Nathan Gilmore, 22, recently told police he met up with Angela Bradbury on April 6, 2021, the last day she was seen alive.
He claimed he dropped her off in Mason City, but police said his story changed upon further questioning.
Bradbury’s family reported her as a missing person on Feb. 2, 2022, and said they had not had contact with her since April of 2021.
Her family gave DNA samples and dental records for Bradbury to law enforcement as part of the investigation.
Authorities said a teenager found a human skull, placed on a stick at the Greenbelt River Trail Park, on July 12, 2021.
Examiners confirmed the skull found belonged to Bradbury. Investigators found more of her remains at the park in April 2022.
Police said GPS tracking and other evidence showed Gilmore was at the park the day the skull was found.
They also found a whiteboard in Gilmore’s living room with GPS coordinates of where Bradbury’s skull was found.
He was charged with first-degree murder.
Copyright 2022 KCRG via Gray Media Group, Inc. All rights reserved. | https://www.whsv.com/2022/08/23/man-charged-with-killing-woman-he-just-met-placing-her-head-stick-authorities-say/ | 2022-08-23T12:02:18Z |
Study finds cure for food allergies, but nobody wants to take it
(CNN) - Scientists believe they may have discovered a way to fight food allergies, but say people may not want to take it.
The Food and Drug Administration says millions of Americans, including children, have food allergies.
The top allergens include milk, eggs, nuts, fish, shellfish and wheat, so the American Chemical Society looked at a study targeting nut allergies using mice.
Researchers found lab tests on a bacterial compound called butyrate showed promise against allergic reactions.
The compound works by helping to grow good gut bacteria and restoring the gut’s protective barrier, but there is a problem. It is too nasty to take as a pill.
Researchers say it smells “dog poop and rancid butter...and it also tastes bad.”
They admit people in the study had trouble swallowing it and those who did it found it digested too soon.
The scientists say they looked at a new delivery system to butyrate in polymers that hide the smell and taste.
They administered it to mice and the treatment prevented the mice from going into anaphylactic shock when they were exposed to peanuts.
Researchers believe the treatment could counteract many types of food allergies and inflammatory diseases.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.whsv.com/2022/08/23/study-finds-cure-food-allergies-nobody-wants-take-it/ | 2022-08-23T12:02:24Z |
Deliberations start for 2 men charged in Gov. Whitmer plot
GRAND RAPIDS, Mich. (AP) — Jurors return Tuesday for their first full day of deliberations in the trial of two men accused of hatching a plan to kidnap Michigan Gov. Gretchen Whitmer, the government’s second shot at getting convictions in a case that emerged just before the 2020 presidential election.
Prosecutors said some of the best evidence against Adam Fox and Barry Croft Jr. came from their own words, either written by them or secretly recorded by FBI agents and informants during weeks of surveillance in three states.
Defense lawyers, meanwhile, pounced on the FBI in their closing arguments, linking any scheme to rogue operatives, not a band of anti-government rebels.
Jury deliberations will resume Tuesday following an afternoon of work Monday.
Assistant U.S. Attorney Nils Kessler reminded the jury how Fox, Croft and others took a night ride to Elk Rapids, Michigan, to see Whitmer’s lakeside vacation home and a bridge that could be blown up to obstruct police.
“Look at how close they were, yards away from her house. They didn’t need a helicopter. They didn’t need a boat even,” said Kessler, referring to other ideas that were tossed around. “They needed a pickup truck, duct tape and rope. They had everything they needed.”
Fox, 39, and Croft, 46, are on trial for a second time, after a jury in April couldn’t reach a unanimous verdict but acquitted two other men. Two more pleaded guilty.
“‘Which governor is going to be dragged off and hung for treason first?’” Kessler said, quoting Croft.
“Any governor would do,” the prosecutor said. “By the end of June, he was telling people Michigan’s government is a target of opportunity, and God knows the governor needs to be hung. He didn’t just want to kidnap her. He wanted to have his own trial and execute her.”
The ultimate goal: a second American Revolution, Kessler said.
But defense lawyers have portrayed Fox and Croft as “big talkers,” a bumbling, foul-mouthed, marijuana-smoking pair exercising free speech and incapable of leading anything as extraordinary as the abduction of a public official.
“In America, the FBI is not supposed to create domestic terrorists so that the FBI can arrest them,” Fox attorney Christopher Gibbons told the jury. “The FBI isn’t supposed to create a conspiracy so the FBI can stand up and claim a disruption.”
He said Fox was “isolated, broke, homeless,” living in the basement of a vacuum store in the Grand Rapids area.
Croft’s attorney, Joshua Blanchard, offered a similar assessment in a searing attack on the FBI’s tactics.
“You don’t have to agree with Barry’s politics. I surely don’t,” Blanchard said. “But we should all agree that the principles of truth and justice are the foundation that our country is built upon. The FBI has told us the truth doesn’t matter to them. ... You have the power to put a stop to that today.”
Croft is a trucker from Bear, Delaware.
Whitmer, a Democrat, has blamed then-President Donald Trump for stoking mistrust and fomenting anger over coronavirus restrictions and refusing to condemn hate groups and right-wing extremists like those charged in the plot.
Over the weekend, she said she hadn’t been following the second trial but remains concerned about “violent rhetoric in this country.”
Trump recently called the kidnapping plan a “fake deal.”
___
Find the AP’s full coverage of the kidnapping plot trial: https://apnews.com/hub/whitmer-kidnap-plot-trial
___
White reported from Detroit.
___
Follow Ed White at http://twitter.com/edwritez
Copyright 2022 The Associated Press. All rights reserved. | https://www.wvva.com/2022/08/23/deliberations-start-2-men-charged-gov-whitmer-plot/ | 2022-08-23T12:37:51Z |
Federal officials investigating beating by Arkansas deputies, caught on video
MULBERRY, Ark. (AP) — Federal authorities said Monday they have started a civil rights investigation following the suspension of three Arkansas law enforcement officers after a video posted on social media showed two of them beating a man while a third officer held him on the ground.
The officers were responding to a report of a man making threats outside a convenience store Sunday in the small town of Mulberry, about 140 miles northwest of Little Rock, near the border with Oklahoma, authorities said.
Arkansas State Police said the agency would investigate the use of force. State police identified the suspect as Randal Worcester, 27, of Goose Creek, South Carolina.
The attorney for the two deputies said Monday that Worcester attacked one of the deputies, giving him a concussion.
GRAPHIC WARNING: Videos included in this story may contain disturbing content.
The video shows one officer punching the suspect with a clenched fist, while another can be seen hitting the man with his knee. The third officer holds him against the pavement.
In video recorded from a car nearby, someone yells at officers to stop hitting the man in the head. Two of the officers appear to look up and say something back to the person who yelled. The officers’ comments could not be heard clearly on the video.
“The fight was escalating with those officers, and you hear that woman on that video yelling and whoever that is, I think she could have saved his life,” said Carrie Jernigan, an attorney representing Worcester.
He was taken to a hospital, then released and booked into the Crawford County jail in Van Buren on multiple charges, including second-degree battery, resisting arrest and making terroristic threats, state police said.
Worcester was released Monday on $15,000 bond. When asked how he was feeling, he said “all right.” An attorney who escorted him from jail declined to comment on his behalf. Worcester was pushing a bicycle as he left the jail.
Worcester’s father declined to comment when contacted Monday by The Associated Press. He referred a reporter to a law firm representing the family. That firm said it was still trying to gather information and did not immediately have a comment on the video.
Two Crawford County sheriff’s deputies and one Mulberry police officer were suspended, city and county authorities said.
Worcester is white, according to jail booking information, and the three officers involved also appear to be white.
A Justice Department spokesperson said Monday that the U.S. Attorney’s Office for the Western District of Arkansas, the FBI’s Little Rock Field Office and the Department of Justice’s Civil Rights Division opened a civil rights investigation into the incident.
“The FBI and the Arkansas State Police will collect all available evidence and will ensure that the investigation is conducted in a fair, thorough, and impartial manner,” the Justice Department said in a statement. “The federal investigation is separate and independent from the ongoing state investigation.”
Crawford County Sheriff Jimmy Damante said before Worcester was arrested, an officer asked if he had any weapons on him, and he handed one over to the officer. Damante didn’t specify what type of weapon.
“They were about to take him into custody because of part of their investigation on the scene — that’s when he became violent,” Damante said.
The Crawford County Sheriff’s Office identified the three officers as Crawford County deputies Zack King and Levi White and Mulberry police officer Thell Riddle.
“I hold all my employees accountable for their actions and will take appropriate measures in this matter,” Damante said.
In a statement released Sunday evening, Mulberry Police Chief Shannon Gregory said the community and the department take the matter “very seriously.”
Gov. Asa Hutchinson, a Republican, told a news conference about the Justice Department’s plans to investigate. He described the beating as “reprehensible conduct” and said the officers’ actions were “not consistent” with the teachings of the Arkansas Law Enforcement Training Academy.
Arkansas State Police Col. Bill Bryant said his agency’s investigation would “take some time.”
“Once we get the facts and evidence, we’ll prepare a case file and a summary and turn it over to the prosecutor,” Bryant said.
However, Russell Wood, a Russellville attorney for the two deputies, said in a statement Monday that White was answering a report of a terroristic threat when he encountered Worcester, who he said matched the complainant’s description of her assailant. At first, Worcester gave White a false identity, Wood said.
As White was checking that identity, Worcester “became irate and viciously attacked Deputy White by grabbing him by the legs, lifting him up and body-slamming him, headfirst, on the concrete parking lot,” Wood said. After White hit his head on the concrete, stunning him, Worcester climbed onto him and “began striking him on the back of the head and face,” the attorney said.
After Worcester struck him, White said he saw him fight with King and Riddle, Wood said. White then “re-engaged and used all force necessary to get the violent suspect under control and detained.”
White suffered a concussion, Wood said. The attorney called for the release of the full Mulberry police dash-cam video of the incident but said he had not yet received a response.
Jernigan said she had filed an excessive force complaint against one of the suspended officers on behalf of another client of hers about a month ago.
“To date, I had not heard anything back. But the description of what happened to my client in July versus that video seemed almost identical,” Jernigan said. “And so we’re just of the position it didn’t have to even take place yesterday.”
Cellphone video of often-violent police interactions has put a spotlight on officer conduct in recent years, particularly since the 2020 killing of George Floyd while he was being arrested by police in Minneapolis.
The resulting nationwide protests called attention to officer brutality that often targets Black Americans.
The front door at the building that serves as the Mulberry police headquarters and city hall was locked Monday. A sign on the door directed anyone with questions about “the police investigation” to contact Arkansas State Police.
It was unclear whether the officers were wearing body cameras.
Amid public pressure for transparency and the proliferation of videos exposing police misconduct, there has been some pushback against recording officers. In July, the governor of Arizona signed a bill that makes it illegal to knowingly record officers from 8 feet or closer without permission.
Mulberry is a town of 1,600 people on the southern edge of the Ozarks in western Arkansas, right off Interstate 40, which runs from California to North Carolina.
At Kountry Xpress, the convenience store and filling station where the beating happened, truck drivers stop frequently to fill up on fuel. Customers also buy meals, which include American and Indian cuisine.
Shasta Morse, a cashier at Kountry Xpress, said she was working when Worcester was arrested but she didn’t know about it until a customer told her later.
“It’s a little unnerving,” she said.
___
This story has been corrected to fix the spelling of Randal Worcester. Authorities initially gave an incorrect spelling. The story has also corrected the location of where Worcester was taken. He was held at the Crawford County jail.
___
Associated Press writers Jill Bleed in Little Rock, Arkansas, Jeffrey Collins in Columbia, South Carolina, and Terry Wallace in Dallas contributed to this report.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wvva.com/2022/08/23/federal-officials-investigating-beating-by-arkansas-officers-caught-video/ | 2022-08-23T12:37:57Z |
Man charged with killing woman he just met, placing her head on a stick, authorities say
MITCHELL, Iowa (KCRG/Gray News) – A man in Iowa is facing charges in connection to the disappearance and death of a woman he had just met, police say.
According to authorities, Nathan Gilmore, 22, recently told police he met up with Angela Bradbury on April 6, 2021, the last day she was seen alive.
He claimed he dropped her off in Mason City, but police said his story changed upon further questioning.
Bradbury’s family reported her as a missing person on Feb. 2, 2022, and said they had not had contact with her since April of 2021.
Her family gave DNA samples and dental records for Bradbury to law enforcement as part of the investigation.
Authorities said a teenager found a human skull, placed on a stick at the Greenbelt River Trail Park, on July 12, 2021.
Examiners confirmed the skull found belonged to Bradbury. Investigators found more of her remains at the park in April 2022.
Police said GPS tracking and other evidence showed Gilmore was at the park the day the skull was found.
They also found a whiteboard in Gilmore’s living room with GPS coordinates of where Bradbury’s skull was found.
He was charged with first-degree murder.
Copyright 2022 KCRG via Gray Media Group, Inc. All rights reserved. | https://www.wvva.com/2022/08/23/man-charged-with-killing-woman-he-just-met-placing-her-head-stick-authorities-say/ | 2022-08-23T12:38:04Z |
Study finds cure for food allergies, but nobody wants to take it
(CNN) - Scientists believe they may have discovered a way to fight food allergies, but say people may not want to take it.
The Food and Drug Administration says millions of Americans, including children, have food allergies.
The top allergens include milk, eggs, nuts, fish, shellfish and wheat, so the American Chemical Society looked at a study targeting nut allergies using mice.
Researchers found lab tests on a bacterial compound called butyrate showed promise against allergic reactions.
The compound works by helping to grow good gut bacteria and restoring the gut’s protective barrier, but there is a problem. It is too nasty to take as a pill.
Researchers say it smells “dog poop and rancid butter...and it also tastes bad.”
They admit people in the study had trouble swallowing it and those who did it found it digested too soon.
The scientists say they looked at a new delivery system to butyrate in polymers that hide the smell and taste.
They administered it to mice and the treatment prevented the mice from going into anaphylactic shock when they were exposed to peanuts.
Researchers believe the treatment could counteract many types of food allergies and inflammatory diseases.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.wvva.com/2022/08/23/study-finds-cure-food-allergies-nobody-wants-take-it/ | 2022-08-23T12:38:11Z |
Serving a growing population costs time and money. Jim Skinner, the Collin County sheriff, said it’s getting harder for his office to manage the workload.
“In some cases, we have more weeks of work than there are weeks in the year,” Skinner said. “We need some help.”
The Collin County Commissioners Court wants to lower property taxes even though the county’s population and its needs are going up. The commissioners court voted on Monday to lower the county’s total tax rate for the 2022-2023 fiscal year to 1.52 cents per $100,000 of a home’s appraised value. That’s about two cents lower than the current rate, but it’s a few points higher than the no-new-revenue rate of 1.49 cents.
The county typically lowers property taxes down to the no-new-revenue rate, which keeps tax revenue from property taxes roughly the same as the previous year. With property values in the county on the rise, cities and school districts in the county are lowering tax rates to lessen the impact of rising property tax bills. Home values have gone up so much that even though a taxing entity may lower rates, bills are still likely to go up.
Collin County Judge Chris Hill said going down to the no-new-revenue rate is important because of the impact of inflation.
“Every one of our taxpayers is paying more money out of their pocket for gasoline, for groceries, for their clothing, for their rent,” Hill said. “For us to come alongside and say ‘listen, we know it’s been hard, but we’ve got more costs, so we’re really just going to pass them along to you, sorry.’ I think it’s a horrible year to do that.”
But a growing population means more service needs. The population in Collin County is 1.1 million as of July 21, 2021, according to U.S. census data. That’s a 4.2% increase from April of the previous year, a growth rate that’s the second highest in the country, behind only Maricopa County in Arizona.
The sheriff is requesting more personnel, including two dispatchers. He said dispatch calls have increased by almost 30% the past year. He also said felony warrants, which have to be served by the sheriff’s office in Collin County, are piling up.
Motor vehicle registrations are also piling up. Kenneth Maun, the county’s tax assessor-collector, runs the department that handles motor vehicle registration fees for the county. He said people are waiting as long as 45 minutes to get a car title or register their vehicle because his department is understaffed.
“Everybody's been talking about the lobbies having a problem being stuffed with people, and we need to get them out of there,” Maun said.
He said the commissioners court has only approved one new hire for his department in the past ten years despite the population boom.
The courts are also feeling the impact of the booming population. Judge Tom Nowak from the 366th district court said the amount of work staff at the courts is handling isn’t sustainable in the long term. He asked the commissioners to ask the Texas legislature to add two more courts to the county during the next legislative session.
Nowak, a Republican, said he and the other judges understood the commissioner’s desire to not raise taxes.
“We live here,” Nowak said. “Obviously, we don't want to pay more every year, just like every other citizen that comes before you guys.”
The commissioners court decided to table the issue of new courts for their legislative agenda since the two new courts wouldn’t have much of an impact on the budget for fiscal year 2022-2023. But adding two courts means more staff salaries to account for in future budgets, something that’s already on the horizon for Collin County next year with the jail expansion.
Hill said keeping taxes low needs to be a priority for the court because taxes are already going up the next fiscal year to help pay for the jail expansion, but commissioner Duncan Webb said the costs will catch up with the budget either way if the court keeps delaying budget needs.
“You’re now going to have a massive tax increase versus doing it over a two-year period,” Webb said.
Collin County commissioners are set to approve the budget Sept. 12. The county will also hold public hearings on the proposed property tax rate and budget on that day.
Got a tip? Email Caroline Love at clove@kera.org.
Caroline Love is a Report For America corps member for KERA News.
KERA News is made possible through the generosity of our members. If you find this reporting valuable, consider making a tax-deductible gift today. Thank you. | https://www.keranews.org/news/2022-08-23/collin-county-commissioners-propose-lower-tax-rate-despite-growing-budget-demands | 2022-08-23T13:17:44Z |
Date rape drug test strips handed out in California city as precaution
WEST HOLLYWOOD, Calif. (KCAL/KCBS) - A plan to purchase and hand out date rape drug testing kits has been approved in West Hollywood.
It’s all to drive down the number of sexual assaults happening in the area.
“If this would have been available to me at the nightclub New Year’s Eve seven years ago. I would not have been drugged, and I would not have been assaulted,” Keely Field said.
It’s very personal for Field, who advocates for others who have survived sexual assault, “because once they’ve survived it, they’re terrified, they’re scarred for life. And all I can do is help prevent it. It’s preventable.”
Stories like hers that inspired the city council to purchase and hand out drink spiking test strips at bars and nightclubs all over West Hollywood.
With a drop into a cocktail, they test for two common date rape drugs, ketamine and GHB.
The idea is that bars can make them available for any customers who want them so that people have proof if their drink was spiked and a QR code with safety information on what to do next.
“It is a growing problem everywhere,” said Sepi Shyne, mayor pro tem of West Hollywood.
She wants people to know that this program is just one part of a larger push to make nightlife here safer “and to let any predators know you will be caught. You will be caught. We are giving people test strips. Don’t come into our city anymore.”
At a meeting addressing nighttime safety, West Hollywood addressed recent reports about people who believe they were secretly drugged while out on the town.
“Between 2016 and 2021 a report came out in January that there were 30 sexual assaults tied to drink-spiking incidents in the city of West Hollywood, and only three of those have cases filed with the DA,” said Jackie Steele, public safety commissioner.
Steele said 53% of those alleged assaults happened at the same establishment.
She said she wants to see better training and transparency, particularly at that business, as well as updated reports on those cases and better communication between all the departments that work with victims.
Officials are also considering creating a sexual assault task force and looking into getting a mobile unit to help potential victims.
Copyright 2022 KCAL/KCBS via CNN Newsource. All rights reserved. | https://www.whsv.com/2022/08/23/date-rape-drug-test-strips-handed-out-california-city-precaution/ | 2022-08-23T13:18:12Z |
Deliberations start for 2 men charged in Gov. Whitmer plot
GRAND RAPIDS, Mich. (AP) — Jurors returned Tuesday for their first full day of deliberations in the trial of two men accused of hatching a plan to kidnap Michigan Gov. Gretchen Whitmer, the government’s second shot at getting convictions in a case that emerged just before the 2020 presidential election.
Prosecutors said some of the best evidence against Adam Fox and Barry Croft Jr. came from their own words, either written by them or secretly recorded by FBI agents and informants during weeks of surveillance in three states.
Defense lawyers, meanwhile, pounced on the FBI in their closing arguments, linking any scheme to rogue operatives, not a band of anti-government rebels.
Jury deliberations resumed following an afternoon of work Monday. U.S. District Judge Robert Jonker said there were fans in place, acknowledging that the room was uncomfortably warm because of nearby computer servers, and that breaks for fresh air might be necessary.
During closing arguments, Assistant U.S. Attorney Nils Kessler reminded the jury how Fox, Croft and others took a night ride to Elk Rapids, Michigan, to see Whitmer’s lakeside vacation home and a bridge that could be blown up to obstruct police.
“Look at how close they were, yards away from her house. They didn’t need a helicopter. They didn’t need a boat even,” said Kessler, referring to other ideas that were tossed around. “They needed a pickup truck, duct tape and rope. They had everything they needed.”
Fox, 39, and Croft, 46, are on trial for a second time, after a jury in April couldn’t reach a unanimous verdict but acquitted two other men. Two more pleaded guilty.
“‘Which governor is going to be dragged off and hung for treason first?’” Kessler said, quoting Croft.
“Any governor would do,” the prosecutor said. “By the end of June, he was telling people Michigan’s government is a target of opportunity, and God knows the governor needs to be hung. He didn’t just want to kidnap her. He wanted to have his own trial and execute her.”
The ultimate goal: a second American Revolution, Kessler said.
But defense lawyers have portrayed Fox and Croft as “big talkers,” a bumbling, foul-mouthed, marijuana-smoking pair exercising free speech and incapable of leading anything as extraordinary as the abduction of a public official.
“In America, the FBI is not supposed to create domestic terrorists so that the FBI can arrest them,” Fox attorney Christopher Gibbons told the jury. “The FBI isn’t supposed to create a conspiracy so the FBI can stand up and claim a disruption.”
He said Fox was “isolated, broke, homeless,” living in the basement of a vacuum store in the Grand Rapids area.
Croft’s attorney, Joshua Blanchard, offered a similar assessment in a searing attack on the FBI’s tactics.
“You don’t have to agree with Barry’s politics. I surely don’t,” Blanchard said. “But we should all agree that the principles of truth and justice are the foundation that our country is built upon. The FBI has told us the truth doesn’t matter to them. ... You have the power to put a stop to that today.”
Croft is a trucker from Bear, Delaware.
Whitmer, a Democrat, has blamed then-President Donald Trump for stoking mistrust and fomenting anger over coronavirus restrictions and refusing to condemn hate groups and right-wing extremists like those charged in the plot.
Over the weekend, she said she hadn’t been following the second trial but remains concerned about “violent rhetoric in this country.”
Trump recently called the kidnapping plan a “fake deal.”
___
Find the AP’s full coverage of the kidnapping plot trial: https://apnews.com/hub/whitmer-kidnap-plot-trial
___
White reported from Detroit.
___
Follow Ed White at http://twitter.com/edwritez
Copyright 2022 The Associated Press. All rights reserved. | https://www.whsv.com/2022/08/23/deliberations-start-2-men-charged-gov-whitmer-plot/ | 2022-08-23T13:18:19Z |
Ex-Twitter executive alleges reckless cybersecurity policies
(CNN) - A former employee is accusing Twitter of having major security issues and being mismanaged.
The claims come from whistleblower Peiter Zatko.
In a disclosure he sent to Congress and other agencies last month, Zatko said many Twitter staffers have access to sensitive information and central controls without proper oversight.
Zatko also said some of the higher-ups at Twitter have been trying to hide some of the company’s vulnerabilities.
According to the disclosure obtained by CNN, Twitter also allegedly does not properly delete user data after accounts are canceled.
Zatko was the company’s head of security before being let go earlier this year for poor performance.
Twitter also released a statement saying privacy and security are among its prime priorities.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.whsv.com/2022/08/23/ex-twitter-executive-alleges-reckless-cybersecurity-policies/ | 2022-08-23T13:18:27Z |
Engineering and technology executive Joanne Schroeder joins Board of Directors for Minneapolis-based construction company
MINNEAPOLIS, Aug. 23, 2022 /PRNewswire/ -- Adolfson & Peterson Construction (AP), a family-owned construction management and contracting company, today announced the election of Joanne Schroeder to its Board of Directors. The engineering and technology executive will serve a three-year term on the board.
"Joanne Schroeder's civil and environmental engineering experience and expertise in digital transformation will provide a unique perspective to our increasingly diverse board," said Brantley Barrow, Chairman of AP's Board of Directors. "Her entrepreneurial background, as well as her prior board experience with engineering and environmental construction companies and nonprofits, will be a welcome addition and help the company achieve continued growth and stability."
Schroeder was the founder of two engineering technology services companies, Environmental Data Solutions Group, LLC (EDSG) and E2 ManageTech (E2). Both companies provided software services that delivered global deployment of information management systems for Fortune 500 companies.
Schroeder is currently a vice president and executive officer at Arcadis, a global, publicly traded engineering consultancy headquartered in The Netherlands. She also chairs the Audit Committee for Goodwill OC, the largest nonprofit in Orange County, and is on the Advisory Council for the University of Southern California's Lloyd Greif Center for Entrepreneurial Studies.
"AP is recognized throughout the industry for exceptional quality, safety and strong industry relationships," said Schroeder. "I'm looking forward to working with the board and executive leadership to help the organization continue to innovate and grow, while remaining good stewards of the environment."
Schroeder has an MBA from USC, a master's degree in Civil Engineering from UCLA and a bachelor's degree in Engineering from UCI. She is a member of the Private Directors Association and the Leadership Committee for 50/50 Women on Boards, and is active in The Teen Project, a nonprofit that rescues and supports victims of sex trafficking.
Adolfson & Peterson Construction (AP) is a leading national construction management firm and consistently ranked as a Top 100 Contractor by Engineering News Record (ENR). For more than 75 years, AP has remained a trusted family-owned business known for quality, reliability and strong partner relationships while maintaining a solid safety record. The company offers preconstruction, construction and contracting services to the commercial, education, healthcare, hospitality, industrial, multifamily, municipal, recreation and senior living market segments. It currently employs more than 600 team members and thousands of subcontractors and trade partners in Arizona, Colorado, Minnesota, Texas and Wyoming. Dedication to clients, communities and employees, as well as a commitment to core values and innovation, has allowed AP to remain an industry leader and dependable construction partner for decades. Find more information at www.a-p.com or follow on Facebook, LinkedIn, Instagram and Twitter. AP is committed to creating a diverse, equitable and inclusive workplace and is an Affirmative Action/Equal Opportunity Employer.
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SOURCE Adolfson & Peterson Construction | https://www.whsv.com/prnewswire/2022/08/23/adolfson-amp-peterson-construction-elects-new-board-member/ | 2022-08-23T13:18:33Z |
Data-Driven Solution Anticipates and Solves Employee Payroll, Time, HR and Benefits Challenges, Reducing Time-Intensive Case Management
ROSELAND, N.J., Aug. 23, 2022 /PRNewswire/ -- Recognized for the eighth consecutive year as an innovative provider of cloud-based human capital management solutions, ADP will be honored with a "Top HR Product" award at the 2022 HR Technology Conference for its new Intelligent Self-Service. The award-winning, data-driven Intelligent Self-Service solution uses predictive analytics and machine learning to proactively address common employee HR challenges before the need to contact their HR departments arises.
ADP Intelligent Self-Service draws on data from across the vast ADP ecosystem, solving an estimated one-third of the case volume for HR practitioners. Time-consuming pain points, such as common employee HR tasks, payroll, benefits, missed punches and time challenges are all addressed proactively in the flow of work. This new solution takes real-time data and turns it into action items, alleviating practitioners' workloads and giving managers more time to focus on elevating the employee experience.
Each year, Human Resource Executive recognizes groundbreaking new solutions based on product innovation, the value added to the HR function, intuitiveness for users and the product's ability to deliver as promised.
"The use of ADP's deep data across our product experiences allows us to focus on the most common pain points for managers, HR practitioners and employees," said Don Weinstein, corporate vice president of Global Product and Technology, ADP. "Intelligent Self-Service is designed to answer questions and quickly resolve issues within seconds vs. days or weeks. It eliminates the unnecessary back and forth nature of interactions with their HR support teams and a source of unnecessary frustration. The result is a better work experience, and HR practitioners can spend more time on higher value initiatives like talent planning and development."
Four key foundational elements comprise the complete Intelligent Self-Service offering:
Action Cards: Bite-size proactive nudges for employees that appear in the flow of work, at the time they need to be addressed. This helps eliminate the risk of an issue occurring, such as an inaccurate or incomplete timecard or new employee document completion reminders.
ADP Virtual Assistant (A.V.A.): Conversational, transactional, and predictive assistance to guide employees as needed with issue resolution.
Policy Personalization: Allows for tailoring of action cards, virtual assistant and case management experiences based on a company's policies and local regulations.
Case Management: For the few remaining complex problems that require HR assistance, Intelligent Self-Service gives employees a streamlined way to create, manage, and track interactions with their HR experts. Providing transparency into status and streamlining communications, the solution routes interactions to the right practitioner based on the employee's specific need.
"Intelligent Self-Service delivers on what we look for in groundbreaking HR tech. By creating a pre-emptive approach to HR case management, ADP has delivered a solution that frees HR practitioners to focus on higher value requirements of their function," said Steve Boese, co-chair of the HR Technology Conference. "With eight consecutive "Top HR Product" awards, ADP continues to prove its unique understanding of what employees and HR practitioners need to improve the work experience."
For more information visit the ADP booth at the HR Technology Conference to demo Intelligent Self-Service and ADP's extensive suite of innovative solutions and products or visit: https://adp.com/intelligent
About ADP (NASDAQ: ADP)
Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential. HR, Talent, Time Management, Benefits and Payroll. Informed by data and designed for people. Learn more at ADP.com
ADP, the ADP logo, and Always Designing for People, are trademarks of ADP, Inc. All other marks are the property of their respective owners.
Copyright © 2022 ADP, Inc. All rights reserved.
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SOURCE ADP, Inc. | https://www.whsv.com/prnewswire/2022/08/23/adps-intelligent-self-service-reimagines-hr-service-landscape-earns-2022-top-hr-product-honor-human-resource-executive/ | 2022-08-23T13:18:40Z |
DALLAS, Aug. 23, 2022 /PRNewswire/ -- Adyton, a veteran-owned, venture-backed American Public Benefit Corporation that builds world-class secure, mobile software for people who serve, is announcing today its selection by ARCWERX - the Air National Guard innovation unit - as the commercial partner for the "21st Century Drill" initiative.
For hours every day, leaders across the National Guard toil with text chats, phone trees, and a patchwork of clunky communication and collaboration tools, just to get visibility into personnel status, availability, qualifications, and mission readiness. The distributed nature of Guard operations, and the large portion of the workforce that is part-time, make it far too easy for Guard members to become disconnected and disengaged, and for leaders to have to resort to incorrect and outdated data with which to inform actions.
This partnership catalyzes leaders across the Guard to collaboratively do something for impact amidst those operational realities. To kick off the effort, ARCWERX funded year-long Adyton Mustr licenses for Air National Guard Wings in Nevada, New York, and Arkansas. This enables those Guard organizations to not only implement Mustr for rapid impact, and measure success, but to also share best practices across states and accelerate value potential for additional Guard units.
Mustr is secure mobile, web, and SMS-enabled software that makes it fast and simple to manage distributed personnel, disseminate targeted critical information, automate data collection and reporting, and arm leaders with real-time operations visibility for better and faster decisions.
Mustr's flexible deployment model was designed for the high-stakes military environment, can be put to use in organizations of all sizes, and generates a new enterprise data asset to feed current and future analytics systems.
Putting Mustr to work in this 21st Century Drill effort will generate gains in readiness and operational efficiency, and will positively impact safety and retention.
"Mustr enables us to push critical information out, and also retrieve info and populate a database," says Colonel Evan Kirkwood, 152nd Operations Group Commander, Nevada Air National Guard. "Not only does it help commanders and senior staff track, but they can also push information to the part-time force, so that they can stay up to date with information and connected to their command. That inclusion piece of this will improve retention across the Guard."
"ARCWERX is excited about the potential for Mustr to help solve a long-standing problem of communication gaps between our members and units," says Bobby Carbonell, of ARCWERX. "The pilot program underway this year will yield tangible results that can be used to further develop the platform and determine opportunities for wider fielding of this technology."
"The National Guard has been an incredible Mustr early-adopter," says Jeff Prosek, Adyton Head of Growth. "All military organizations have the accountability and structured data visibility needs that Mustr addresses, but Guard units (and Reserves) really have a particular urgency for this type of capability. Continuing to prove-out the impact for personnel and leaders, in this '21st Century Drill' collaborative way, is really exciting. We look forward to working with the teams from NY, NV, and AR, and to continuing to fold other units from other states into this effort in coming weeks and months."
About Adyton
ADYTON is a venture-backed American Public Benefit Corporation founded in 2018 by special operations veterans dedicated to building world-class mobile software for people who serve. Adyton launched its flagship application, Mustr, in October 2021. It is now scaling across defense organizations for operational impact. Follow us on Instagram, Linkedin and Twitter to keep up with company news.
Media Contact
Laura Steiner
Chief of Staff
laura@adyton.io
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SOURCE Adyton | https://www.whsv.com/prnewswire/2022/08/23/adytons-mobile-software-transform-national-guard-operations/ | 2022-08-23T13:18:47Z |
HONOLULU, Aug. 23, 2022 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company") today announced the appointment of Clayton K.Y. Chun to executive vice president and chief financial officer, effective December 1, 2022. Mr. Chun will succeed Brett A. Brown as part of the Company's continuing simplification efforts and growing focus on Hawai'i commercial real estate ("CRE"). The Company also announced the appointment of Anthony J. Tommasino to vice president and controller, effective October 1, 2022. Mr. Brown will remain with the Company through November 30, 2022, to support the transition.
A&B CEO Chris Benjamin commented: "Clayton has been a key member of the A&B leadership team over the past seven years as we have transformed the Company into a focused, Hawai'i CRE business, and Anthony has been an outstanding addition to our finance team since he joined in 2021 as director of financial reporting and technical accounting. With our simplification efforts nearing completion, we are taking steps to streamline our executive management team as well, and these promotions are the next important step in shaping the team that will lead us into the future. I want to thank Brett for his important contributions over the past three years as we sold significant assets, strengthened our balance sheet, and implemented real estate investment trust ("REIT") industry systems, reporting metrics and capital markets tools to ensure success, positioning A&B with a strong foundation for growth into the future."
Mr. Chun is chief accounting officer of Alexander & Baldwin and has been with the Company since 2015. He is responsible for the Company's accounting, financial reporting and tax functions. Mr. Chun has been involved in all financial aspects of the Company's transition to a REIT over the past five years, including the revamping of the Company's financial systems to support its commercial real estate focus. Prior to joining A&B, Mr. Chun was a senior manager in the audit practice of Deloitte in Los Angeles where he worked for 15 years. Mr. Chun is a certified public accountant (inactive). He earned a master's degree in accounting from the University of Southern California and a bachelor of arts and sciences degree in economics from Washington University in St. Louis, Missouri.
Mr. Tommasino has served as the Company's director of financial reporting and technical accounting since joining in June 2021. Prior to A&B, Mr. Tommasino served as the director of accounting at Hawai'i Gas and as audit senior manager at Deloitte where he worked for 14 years. Mr. Tommasino is a certified public accountant and earned bachelor of science degrees in accounting and finance from Villanova University.
About Alexander & Baldwin, Inc.
Alexander & Baldwin, Inc. (NYSE: ALEX) (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Hawai'i commercial real estate and is the state's largest owner of grocery-anchored, neighborhood shopping centers. A&B owns, operates and manages approximately 3.9 million square feet of commercial space in Hawai'i, including 22 retail centers, 12 industrial assets and four office properties, as well as 141 acres of ground leases. A&B is expanding and strengthening its Hawai'i CRE portfolio and achieving its strategic focus on commercial real estate by monetizing its remaining non-core assets. Over its 152-year history, A&B has evolved with the state's economy and played a leadership role in the development of the agricultural, transportation, tourism, construction, residential and commercial real estate industries. Learn more about A&B at www.alexanderbaldwin.com.
Contact:
A&B Investor Relations
(808) 525-8475
investorrelations@abhi.com
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SOURCE A&B Properties, Inc. | https://www.whsv.com/prnewswire/2022/08/23/alexander-amp-baldwin-announces-appointment-clayton-ky-chun-chief-financial-officer/ | 2022-08-23T13:18:53Z |
The new program solidifies ACE's commitment to accelerate leaders who seek to do good through the power of business.
INDIANAPOLIS, Aug. 23, 2022 /PRNewswire/ -- American College of Education (ACE) announced today its latest business degree program, the Master of Science in Sustainable Management, designed to prepare students to lead sustainable and socially responsible initiatives in their future business objectives and in new and existing enterprises.
As a leader in online higher education, ACE aims to fill a growing need of professionals in today's business landscape who have the understanding and skills to lead and manage sustainable, environmental practices within economic industries such as agriculture, energy and technology. ACE designed this coursework to align with the United Nations' 17 Sustainable Development Goals, a set of multi-national guidelines that balance efforts to improve health, education and spur economic growth all while tackling climate change.
The M.S. program has three specialized areas: entrepreneurship, business performance, nonprofit leadership or students can take courses from each area for a general track. Students can complete the M.S. in Sustainable Management for less than $9,000, an affordable cost that includes tuition and fees, in just 15 months and can enroll as early as August 23, 2022, to start in the January 2023 term.
"Developing this program reflects ACE's unwavering commitment to provide affordable, accessible and high-quality programs to students nationwide," ACE Assistant Provost of Business Professions, Dr. Crystal Neumann said. "The curriculum will be taught by professors who are current professionals in sustainability and will offer purposeful, relevant expertise to their students. Courses will prepare ACE students with the skills to bolster their own professional communities as business leaders in an ever-changing global environment."
The M.S. in Sustainable Management degree furthers ACE's mission as a Certified B Corporation to solve social and environmental problems through the power of business. It joins ACE's other impact-focused business programs – an MBA in Social Impact, M.S. in Organizational Leadership and the recently launched Micro-credential in Sustainability, that can apply to the new master's program.
About American College of Education
American College of Education (ACE) is an accredited, 100% online college specializing in high-quality, affordable programs in education, business, leadership, healthcare and nursing. Headquartered in Indianapolis, ACE offers more than 70 innovative and engaging programs for adult students to pursue a doctorate, specialist, master's or bachelor's degree, along with micro-credentials and graduate-level certificate programs. In addition to being a leader in online education, ACE is a Certified B Corporation. Certified B Corporations are leaders of a global movement to use the power of business to solve social and environmental problems.
MEDIA CONTACT:
Catherine Masri
Catherine.masri@hkstrategies.com
214-886-5870
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SOURCE American College of Education | https://www.whsv.com/prnewswire/2022/08/23/american-college-education-launches-online-ms-sustainable-management-degree/ | 2022-08-23T13:19:01Z |
Global campaign to save 150,000 lives through 50,000 donations around the world.
NEW YORK, Aug. 23, 2022 /PRNewswire/ -- On Saturday August 27, thousands of Americans will attempt to break the world record for the most blood donations in one calendar day.
#GlobalBloodHeroes Day is a worldwide campaign to save lives and build greater awareness about the urgent need to donate blood.
Just one blood donation can help save three lives.
The drive is open to any volunteer willing and eligible to give blood.
#GlobalBloodHeroes Day aims to rally 50,000 blood donors across six continents. The campaign hopes to save the lives of 150,000 people at a time when blood supplies are being challenged.
This campaign is organized by Who is Hussain, a grassroots social justice community service organization inspired by the legacy of Hussain ibn Ali, the grandson of the Prophet Muhammad to inspire and build compassionate communities.
CALLING ALL GLOBAL BLOOD HEROES
A blood transfusion is needed every two seconds in the United States, just three percent of the U.S. population donates blood each year.
Who is Hussain is partnering with leading U.S. blood donor organisations to overcome these barriers.
"Although a blood transfusion is needed every two seconds in this country, just three percent of the United States population donates blood each year. We need to dramatically increase that number to ensure we have enough blood on the shelf to meet demand. This global campaign will help bring more donors into their local community blood center, increase diversity in the blood supply, and encourage many people to give for the very first time. Ultimately, it will save lives," said Kate Fry, Chief Executive Officer at America's Blood Centers.
Coordinating Global Blood Heroes Day in the United States, Alvi said:
"We're hoping Americans can come together to give blood. One blood donation can save up to three lives, and it only takes an hour of your time."
The world record will be verified by 'Official World Records', a body recognised by the Council of Notariats of the European Union.
- #GlobalBloodHeroes on 27 August 2022 will take place in Chicago, Dallas, Dearborn, Los Angeles, Miami and New York.
- Find out more: blood.whoishussain.org
Photo - https://mma.prnewswire.com/media/1882868/WIH_Campaign.jpg
Photo - https://mma.prnewswire.com/media/1882869/WIH_Blood_Donations.jpg
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SOURCE Who is Hussain | https://www.whsv.com/prnewswire/2022/08/23/americans-takes-part-world-blood-donation-record-attempt-save-lives/ | 2022-08-23T13:19:07Z |
AMRA Medical launches a new brand identity and logo to align with its clinical focus.
LINKÖPING, Sweden, Aug. 23, 2022 /PRNewswire/ -- AMRA Medical — a health informatics company taking magnetic resonance imaging (MRI) to a new level for precision medicine with its cutting-edge technology — announced today it is officially launching a new brand identity to align with its evolving focus on clinical applications.
For the first 12 years of our young history, we have made incredible progress proving the value of advanced MRI analytics. We are focused on equipping clinicians and researchers with new and improved ways to measure muscle and fat composition in the body. With our new brand identity and logo redesign, we demonstrate our commitment to working side by side with the medical community as trusted partners in their journey to delivering top-tier health care.
Our research partnerships, early clinical partnerships, and robust library of publications demonstrate that our MRI-based measurements provide personalized insight into overall health. This allows clinicians and their patients to use our measurements as actionable guiding posts when managing overall health and complex diseases.
Eric Converse, CEO at AMRA, commented: "As we continue to build upon our foundation and knowledge base about how our technology greatly extends the power of MRI in aiding precision medicine, we will continuously challenge the status quo and push our limits. Only then, will we gain the greatest mindshare and recognition that MRI-based body composition is a valuable path forward for precision medicine."
Learn more about AMRA Medical's Clinical Services by visiting the website https://amramedical.com/solutions/.
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SOURCE AMRA Medical | https://www.whsv.com/prnewswire/2022/08/23/amra-medical-pivots-both-look-focus/ | 2022-08-23T13:19:14Z |
86% YoY increase in the number of customer deployments, record quarterly Committed Annual Recurring Revenue expansion, 119% retention rate, and more…
SAN MATEO, Calif., Aug. 23, 2022 /PRNewswire/ -- Armory, the continuous deployment (CD) company empowering development teams to easily, reliably, safely and continuously deploy software at any scale, today highlighted the company's record-breaking second quarter, which included product innovation, global expansion, revenue, and customer growth as well as continued 100% customer retention.
"To have a record-breaking quarter despite industry and economic challenges is a testament to the value Armory delivers every day," said Jim Douglas, Armory president and CEO. "The grit, resilience and dedication our team shows in delivering innovative solutions to our DevOps community will fuel continued growth and innovation not just for Armory but for the software industry as a whole."
Since its founding in 2016, Armory has been dedicated to innovating and evolving its solutions to solve critical needs for the developer community. In Q2 2022, Armory launched Continuous Deployment-as-a-Service (CDaaS), which enables declarative continuous deployment, with a GitOps experience and advanced progressive deployment strategies so developers can focus on building great code, not deploying it. By orchestrating and automating deployment across all environments, CD-as-a-Service removes demands on developers as well as reduces the risk of service disruptions due to change failures. The company has already doubled its CD-as-a-Service customer base since the early access launch.
In addition to product updates and innovation, the company significantly increased revenue, product usage, staff, and customer retention. Highlights include:
- 50%+ expansion in major accounts
- 86% YoY increase in the number of customer deployments
- 119% net retention rate (NRR)
- < 4% annual churn and 0% in Q2
- 25% increase in employee growth globally in the first six months of 2022
On the heels of this record quarter, Armory released more product innovations, including the August 2022 launch of Continuous Deployment Self-Hosted and Managed 2.28 encompassing new features, optimizations, and contributions from the Spinnaker community to ensure development teams can deploy code with even greater confidence. Armory looks forward to continued success in future quarters, beginning with sponsoring upcoming events, including Spinnaker Summit, KubeCon and AWS Reinvent this fall.
To learn more about Armory, visit: www.armory.io
Armory makes continuous deployment achievable and effortless, at any scale, for all developers. Easy-to-use continuous deployment solutions eliminate the need to migrate away from existing tools and minimize disruptions to an existing software delivery lifecycle. Developers can easily and confidently deploy updates that improve and protect their customer experience.
Founded in 2016, Armory is funded by B Capital, Insight Partners, Crosslink Capital, Bain Capital Ventures, Mango Capital, Y Combinator, and Javelin Venture Partners. Learn more at www.armory.io.
Media Contact
Emylee Eyler
BLASTmedia for Armory.io
armory@blastmedia.com
317.806.1900 ext. 139
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SOURCE Armory | https://www.whsv.com/prnewswire/2022/08/23/armory-announces-record-quarter-growth-revenue-product-innovation-customer-expansion/ | 2022-08-23T13:19:20Z |
HITRUST Risk-based, 2-year Certification validates Astrata is committed to meeting key regulations and protecting sensitive information
PITTSBURGH, Aug. 23, 2022 /PRNewswire/ -- Astrata, a leading provider of NLP and data analytics software for the healthcare quality industry, today announced that Astrata Chart Review, residing at Amazon Web Services (AWS) US East-1; Facility -- AWS US East-1 (Data Center) managed by Amazon Web Services (AWS) located in N. Virginia, United States of America, has earned Certified status for information security by HITRUST.
HITRUST Risk-based, 2-year (r2) Certified status demonstrates that Astrata's data security and infrastructure unit has met key regulations and industry-defined requirements and is appropriately managing risk. This achievement places Astrata in an elite group of organizations worldwide that have earned this certification. By including federal and state regulations, standards, and frameworks, and incorporating a risk-based approach, the HITRUST Assurance Program helps organizations address security and data protection challenges through a comprehensive and flexible framework of prescriptive and scalable security controls.
"Astrata's HITRUST Risk-based, 2-year Certification demonstrates our absolute commitment to meeting the industry's highest data protection and information security standards for our customers' member healthcare data," Girish Chavan, Astrata's CTO, said. "Our team is proud of the hard work and due diligence we've put into this effort."
"In today's ever-changing threat landscape, HITRUST is continually innovating to find new and creative approaches to address challenges," said Jeremy Huval, Chief Innovation Officer, HITRUST. "Astrata's HITRUST Risk-based, 2-year Certification is evidence that they are at the forefront of industry best practices for information risk management and compliance."
"The HITRUST Assurance Program is the most rigorous available, consisting of a multitude of quality assurance checks, both automated and manual," said Bimal Sheth, Executive Vice President, Standards Development & Assurance Operations, HITRUST. "The fact that Astrata has achieved HITRUST Risk-based, 2-year Certification attests to the high quality of their information risk management and compliance program."
Astrata is a Pittsburgh-based startup company and innovator in healthcare quality measurement technology, producing software and services to help health plans and providers make the leap to Digital Quality. Astrata is backed by UPMC – a payer-provider system and industry leader in healthcare innovation, and one of our anchor customers. Astrata builds cutting edge healthcare software products using Natural Language Processing (NLP) and machine learning methods to transform the way quality of care is addressed in the healthcare industry, helping our customers achieve value-based care across all their populations.
Astrata Media Contact:
Jamie Teasdale, Director of Operations
Teasdalej@astrata.co
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SOURCE Astrata | https://www.whsv.com/prnewswire/2022/08/23/astrata-achieves-hitrust-risk-based-2-year-certification-further-mitigate-risk-third-party-privacy-security-compliance/ | 2022-08-23T13:19:27Z |
Athletico's industry-leading scores under national physical therapy benchmark affirm its commitment to best-in-class care and excellence in patient outcomes
OAK BROOK, Ill., Aug. 23, 2022 /PRNewswire/ -- Athletico Physical Therapy, a leading provider of physical and occupational therapy services, voluntarily participated in the 2021 CMS Quality Payment Program (QPP), resulting in its therapists achieving a top-tier ranking among all U.S. providers under the nation's leading quality of care measurement program. The QPP is part of Medicare's Merit-based Incentive Payment System (MIPS), which is designed to tie healthcare payments to high quality and cost-efficient care, and is the only national benchmark for medical specialties including physical and occupational therapy services.
For the third consecutive year, Athletico therapists voluntarily elected to report all patient evaluation and reevaluation data across all clinic locations as an opportunity to demonstrate the high-quality care they provide and excellence in patient outcomes. MIPS performance is evaluated on a 100-point scale, with exceptional performance in 2021 defined by scores at or above 85 points. In 2021, Athletico therapists achieved the highest possible scores in the Exceptional Performance Category across its network of over 600 clinics open during the data collection period.
"Athletico therapists' voluntary participation in this program underscores our ongoing commitment to delivering the highest quality care, service and value to our patients, payers and partners," said Chris Throckmorton, President and CEO of Athletico. "Our 2021 performance reflects the overwhelmingly positive feedback we receive from our patients that validates the work our therapists do to improve health and well-being in the communities we serve. We are proud to continue to be recognized by a program that sets the national benchmark for advancing clinical excellence and patient outcomes in our industry."
Brian Kelly, Vice President of Clinical Systems at Athletico, added: "Each year, we choose to participate in this program because we believe in the quality of care our therapists provide and the cost benefits it brings to patients, as well as the physical and occupational therapy professions. Our market-leading scores are a true testament to the time, effort, and focus our therapists place on providing exceptional care and improving our patients' overall health and quality of life."
The Quality Payment Program rewards providers for creating value, achieving excellence in clinical outcomes, improving population health, reducing costs and empowering patients to take an active role in their care process. This cost-neutral program rewards clinicians who promote value and high-quality care, while simultaneously reducing payments to clinicians who fail to meet the program's rigorous standards. Individuals and organizations who score in the Exceptional Performance Category are designated as top-tier providers and in addition to an incentive payment, they will be awarded a bonus on every covered Medicare Part B payment received in 2023. These adjustments are paid by Medicare and do not impact an individual's cost of care, meaning that patients gain the benefit of receiving care from one of the highest performing organizations in the country without having to pay more for the services they receive.
About Athletico Physical Therapy
Athletico Physical Therapy provides the highest quality orthopedic rehabilitation services to communities, employers and athletes. With its recent acquisition of Pivot Health Solutions, the company has nearly 8,000 employees across more than 900 locations throughout 25 states and the District of Columbia. Athletico is committed to our patients and referring physicians through our patient-centric focus, positive work environment, attention to quality and high standard of care. Athletico measures patient outcomes and satisfaction and is dedicated to continuous improvement. Athletico was named #1 Workplace in Chicago, "Best Physical Therapy Practice in the Nation" by ADVANCE magazine, Top Workplace in the Nation and has been recognized as a leader in employee volunteering and charitable giving. Our services include physical and occupational/hand therapy, workers' compensation, women's health therapy, concussion management and athletic training. For more information, or to schedule a free assessment in clinic or now online with our virtual free assessments, visit http://www.athletico.com and follow us on Twitter at @athletico.
Media Contact:
Dana Andreoli
Athletico Physical Therapy
dana.andreoli@athletico.com
630-259-5156
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SOURCE Athletico Physical Therapy | https://www.whsv.com/prnewswire/2022/08/23/athletico-physical-therapy-once-again-recognized-top-tier-provider-by-national-cms-quality-payment-program/ | 2022-08-23T13:19:34Z |
Patent focused on modular application for residential and commercial air handling systems
VANCOUVER, BC, Aug. 23, 2022 /PRNewswire/ - Atmofizer Technologies Inc. (the "Company" or "Atmofizer") (CSE: ATMO) (Frankfurt: J3K) (OTCQB: ATMFF) announced today that the United States Patent and Trademark Office (the "USPTO") has issued a Notice of Allowance for new claims related to the Company's air and water purification technology.
The allowed patent application, titled, "Ultra-Fine Particle Aggregation, Neutralization and Filtration" (US Patent Application No. 11,291,939) provides broad protection for important aspects of Atmofizer's air purification technology.
"This is a tremendous step in our evolution, being able to apply our technology to the HVAC industry in the United States with a strong business case to improve air quality and reduce energy protected by a US patent", said Olivier Centner CEO. "Most residential and commercial buildings cannot be retrofit to accommodate HEPA without re-sizing the ductwork in the walls and ceilings so we see this as being a tremendous solution that is easy to implement and cost effective."
The recent Notice of Allowance from the USPTO is directed to a new design that delivers ultra-fine particle agglomeration and nanoparticle reduction performance in larger air ducts with faster-moving air, using less parts. The Company plans to market this patent to be licensed by air purification device manufacturers, HVAC suppliers and service companies.
Nanoparticles are so small they are difficult to manage by conventional air filters and purification devices. Agglomeration aggregates particles together to form larger clusters that allow air filters to work more effectively and efficiently. Larger particles allow lower-grade and traditionally less expensive air filters to perform at a higher level, last longer, and require less energy. This can translates into lower operating costs and reduce landfill waste.
"The new technology covered by this Notice of Allowance expands the value and protection for our portfolio of proprietary air-tech intellectual property, enabling Atmofizer to serve a new customer segment beyond air purification primarily focused on pollutants viruses and bacteria", said Whit Pepper, President and Chief Commercial Officer. "We have seen significant interest in customers putting a higher priority on reducing filter costs, energy costs, and having a better environmental footprint, while maintaining high levels of air quality. There is particular demand in Europe, where energy costs are skyrocketing and environmental sustainability is a more front-of-mind socially and politically."
"Additionally, this new evolution of our nanoparticle reduction technology handles larger and faster moving air streams with equivalent performance of our proven A500 systems — using less parts. This is important because it enables agglomeration to be added to pretty much the entire range of manufactured air purification appliances on the market as well as in larger commercial and industrial systems," said Pepper. "We are not going to be in the business of manufacturing components, but rather partnering with leaders in the industry to license our technology into their product lines. The industry told us we needed to hit specific cross-section and velocity targets to have a viable commercial solution in the space, and so we are very excited about the latest developments in results."
The United States HVAC systems market size was estimated at USD $16.54 Billion in 2021 and is expected to reach USD $17.45 billion in 2022 according to a report by Grand View Research (U.S. HVAC Systems Market Size, Share & Trends Analysis Report By Product (Heating, Ventilation, Cooling), By End Use (Residential, Commercial, Industrial), By Region, And Segment Forecasts, 2022 – 2030). Grand View also cited in their report increased focus on energy efficiency in HVAC systems. "Furthermore the U.S. government also offers rewards to promote low power consumption or the use of renewable energy sources. On account of rising concerns regarding global warming, standards established by the U.S. government to keep a check on HVAC systems operations will play a pivotal role in driving demand."
Atmofizer's consumer and industrial solutions are based on its patent-protected and patent pending technology for ultrafine particle agglomeration and neutralization. This capability creates a revolutionary and more efficient method for addressing the wide range of dangerous nano-scale particles, viruses and bacteria that are too small to be effectively managed by conventional HEPA filters and ultraviolet lights. Atmofizer plans to disrupt the air treatment industry by improving air safety and purification efficiency while lowering customers' operational costs.
Atmofizing air refers to the process of using ultrasonic acoustic waves to agglomerate (cluster together) small particles into a larger target that is then radiated by ultraviolet light to neutralize their harmful properties, making the air you breath less hazardous to your health. Using units that atmofize air in tandem with HEPA filters can make the HEPA filters work more efficiently, enable the use of a less-powerful filter and result in a cleaner and longer-lasting filter that reduces operating costs and is less of a health hazard to clean or replace.
Atmofizer is patent-pending and patent-protected sole source of technology to atmofize air and is applying its proprietary technology in consumer and industrial air purification products currently manufactured under the Atmofizer brand, as well as in retail and commercial devices produced by other companies that integrate Atmofizer technology into their own products under license. Atmofizer's owned and licensed product lines include wearable, portable and mobile use for personal air treatment, as well as larger systems to handle higher air volumes for commercial, industrial, institutional and residential applications.
This press release contains "forward-looking information" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as "may", "will", "expect", "likely", "should", "would", "plan", "anticipate", "intend", "potential", "proposed", "estimate", "believe" or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions "may" or "will" happen, or by discussions of strategy. The forward-looking information contained herein includes, without limitation, the granting of US Patent Application No. 11,291,939 and the business and strategic plans of the Company.
By their nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this press release including, without limitation: the Company's ability to comply with all applicable laws and governmental regulations relating to its commercial products; the ability of the Company to protect its intellectual property; impacts to the business and operations of the Company due to the COVID-19 pandemic; the conflict in eastern Europe; having only a limited operating history, the ability of the Company to access capital to meet future financing needs; the Company's reliance on management and key personnel; competition; changes in consumer trends; foreign currency fluctuations; and general economic, market or business conditions.
Additional risk factors can also be found in the Company's continuous disclosure documents, which have been filed on SEDAR and can be accessed at www.sedar.com. Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
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SOURCE Atmofizer Technologies Inc. | https://www.whsv.com/prnewswire/2022/08/23/atmofizer-technologies-inc-receives-notice-allowance-uspto/ | 2022-08-23T13:19:40Z |
Enterprise Security Model and Suite of Voluntary Standards to Protect Air, Ground, and Maritime Assets
New Consumer Polling Finds that Vast Majority Believe a CyberAttack on Uncrewed Vehicles Would Be "A Big Deal" and 69% Want Industry to Share Cybersecurity Data
ARLINGTON, Va., and ORLANDO, Fla., Aug. 23, 2022 /PRNewswire/ -- The Association for Uncrewed Vehicle Systems International (AUVSI) and Fortress Information Security (Fortress) today initiated an industry-wide collaboration focused on developing an enterprise cybersecurity model and a suite of voluntary standards to address cyber risks specific to uncrewed systems and robotics.
Industry-wide collaboration among buyers and vendors/suppliers is a proven cybersecurity strategy. Using previous Fortress work that led to the development of voluntary risk-based standards for the utilities industry as a blueprint, AUVSI will spearhead an effort to build consensus, establish standards and facilitate proactive cybersecurity policies and actions among uncrewed systems manufacturers and suppliers.
"Uncrewed vehicles – air, ground, and maritime – are relied upon for national defense, public safety, commercial delivery, critical infrastructure inspection and more. These technologies are increasingly part of the economic foundation for nations across the globe," said Michael Robbins, executive vice president, government & public affairs at AUVSI. "A cyber-secure foundation built on universal industry standards among industry stakeholders and suppliers will help to ensure the economic and operational potential of uncrewed vehicles is reached."
AUVSI is creating a collaborative industry Working Group to ensure the value proposition to the industry of this effort is clear and that the cyber risk mitigation tools make sense. The Working Group will consist of AUVSI member organizations with subject-matter expertise that work together with Fortress to begin the development of the cybersecurity framework.
AUVSI and Fortress are working to meet an aggressive schedule to complete the framework in less than a year.
"The proactive development of industry standards makes products and services more secure and builds trust from governments and regulators, propelling innovation to new heights," said Tobias Whitney, vice president of strategy and policy for Fortress. "We look forward to partnering with AUVSI in a collaborative effort to make the uncrewed vehicle industry – manufacturers, vendors, and suppliers – resilient and cyber secure."
New consumer polling* conducted by Fortress and AUVSI found that U.S. consumers believe that cyber attacks on uncrewed civilian, government, and military vehicles would be "a big deal." However, the vast majority believe that an attack should not stop the use of uncrewed vehicles.
Key findings from the survey of 911 American consumers last week include:
- 69% said it is important for the uncrewed vehicle industry (civilian/gov't/military) to coordinate and share cybersecurity data
- 76% said that a cyberattack on uncrewed military vehicles would be a big deal, but 65% do not think an attack should stop their use
- 67% said a cyber attack on a driverless delivery vehicle would be a big deal, but 70% said an attack shouldn't shut them down
- 72% said an attack on an uncrewed first responder vehicle would be a big deal, but 67% say an attack should not stop their use
- 38% believe that self-driving cars will be seen regularly within five years
- 29% believe that self-driving trucks/fleet vehicles will be seen regularly on roads in the next five years
*About the Survey
Fortress and AUVSI commissioned Survey Monkey to poll 911 U.S. consumers on Aug. 16. The survey had a margin of error of +/- 3%.
About AUVSI
The Association for Uncrewed Vehicle Systems International (AUVSI), the world's largest nonprofit organization dedicated to the advancement of uncrewed systems and robotics, represents corporations and professionals from more than 60 countries involved in industry, government and academia. AUVSI members work in the defense, civil and commercial markets.
About Fortress Information Security
Fortress Information Security secures critical industries from cybersecurity and operational threats stemming from vendors, assets, and software in their supply chains. Fortress is the only end-to-end platform that connects intelligence surrounding vendors, information technology and operational technology assets, and software through a holistic, fit-for-purpose approach. Fortress has also partnered with its customers and suppliers to form the Asset-to-Vendor (A2V) Network, which facilitates the secure and seamless exchange of asset information and security intelligence, enabling collaborative workflows to better understand and remediate potential issues. Fortress serves critical industries such as energy, government, aerospace & defense, critical manufacturing, industrial automation, automotive, and healthcare.
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SOURCE Fortress Information Security | https://www.whsv.com/prnewswire/2022/08/23/auvsi-fortress-information-security-team-develop-industry-wide-cybersecurity-risk-based-framework-uncrewed-vehicles/ | 2022-08-23T13:19:46Z |
Avista to leverage its expertise and resources to accelerate WellSpring's growth trajectory for the benefit of all stakeholders
NEW YORK, Aug. 23, 2022 /PRNewswire/ -- Avista Capital Partners ("Avista"), a leading private equity firm focused exclusively on healthcare, today announced the completion of its acquisition of WellSpring Consumer Healthcare ("WellSpring"), a developer and marketer of leading over-the-counter ("OTC") and personal care brands, from Audax Private Equity. Transaction terms were not disclosed.
Founded in 1999 in Sarasota, Florida, WellSpring develops and markets a diversified portfolio of trusted OTC brands in the U.S. and Canada, with several that enjoy #1 and #2 positions in important needs-based product segments such as first aid, therapeutic skincare and digestive health. Key brands in the WellSpring portfolio include Bactine (first aid), Bonine (motion sickness), Emetrol (anti-nausea), and Glaxal Base (therapeutic skincare), and five other established OTC brands. With its sophisticated omni-channel distribution network that includes leading brick and mortar and e-commerce retailers, a robust new product innovation infrastructure, and a clear strategic vision for growth across several offerings, WellSpring is an established consumer healthcare platform poised to continue its strong growth trajectory.
Alex Yu, Partner at Avista, said: "Our acquisition of WellSpring represents another compelling opportunity for Avista to invest in the highly attractive consumer healthcare sector, following our recent success with Arcadia Consumer Healthcare. We are excited to partner with Chris Brown and the WellSpring team, and leverage our industry experience, operational expertise and financial resources to help accelerate WellSpring's growth with investments in innovation, market expansion, and strategic acquisitions. The diversified and highly-established nature of WellSpring's product portfolio, coupled with a strong innovation pipeline and exciting growth opportunities in e-commerce, provides an excellent foundation."
Chris Brown, CEO of WellSpring, said: "We are thrilled to be working closely with Avista, whose deep experience partnering with healthcare companies, particularly in the consumer healthcare sector, will propel us forward as we execute on new product innovation, distribution expansion, and strategic acquisitions. Improving the health and wellness of our consumers is core to our mission. In collaboration with Avista and the retail community, we are excited to continue growing our differentiated and trusted brands in these important needs-based categories."
Avista has invested in and built several successful platforms in the consumer healthcare space, including Arcadia Consumer Healthcare, a North American marketer of premium vitamin and nutritional supplements and OTC medicines, Cooper Consumer Health, a leading European independent OTC drug manufacturer and distributor, Trimb Healthcare, a Sweden-based Northern European consumer healthcare platform focused on the development, sales, and marketing of OTC medicines and other consumer healthcare products, and Vision Healthcare, a fast-growing, European digitally-focused omni-channel consumer healthcare platform. Arcadia Consumer Healthcare was sold to Bansk Group in September 2021 and Trimb was sold to Karo Pharma in September 2019.
About Avista Capital Partners
Founded in 2005, Avista Capital is a leading New York-based private equity firm with over $8 billion invested in more than 40 growth-oriented healthcare businesses globally. Avista partners with businesses that feature strong management teams, stable cash flows and robust growth prospects – investing in the medical devices and technologies, pharmaceuticals, outsourced pharmaceutical services, healthcare technology, healthcare distribution, and consumer-driven healthcare sectors. Avista helps its portfolio companies to accelerate growth through strategic acquisitions, having completed nearly 100 add-on acquisitions historically across its healthcare portfolio. Avista's Operating Executives and Advisors are an integral part of the team, providing strategic insight, operational oversight and senior counsel, which helps drive growth and performance, while fostering sustainable businesses and creating long-term value for all stakeholders. For more information, visit www.avistacap.com.
Media Contact:
Daniel Yunger / Hallie Wolff
Kekst CNC
daniel.yunger@kekstcnc.com / hallie.wolff@kekstcnc.com
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SOURCE Avista Capital Partners | https://www.whsv.com/prnewswire/2022/08/23/avista-capital-partners-acquires-wellspring-consumer-healthcare/ | 2022-08-23T13:19:58Z |
Continues Growth Trajectory and Strategically Expands West Coast Footprint
Further Positions Company to Provide Turn-Key Track Replacement Services
NEW YORK, Aug. 23, 2022 /PRNewswire/ -- RailWorks Corp. ("RailWorks" or "the Company"), the leading North American specialty construction and maintenance rail contractor, announced today it has acquired H&H Engineering Construction ("H&H"), a rail maintenance and construction contractor for the Western United States providing services for transit, ports, freight railroads, and rail served industrial companies.
The transaction follows RailWorks' recently completed acquisition of Progress Rail's Rail Welding Services Division, a specialized provider of flash butt welding ("FBW"), enabling RailWorks to utilize best-in-class FBW capabilities and offer rail customers expanded maintenance of way services. Financial terms of these transactions were not disclosed.
RailWorks provides comprehensive specialty railroad construction and maintenance services, which include track construction, turn-key rehabilitation and maintenance, and innovative solutions for predictive track maintenance. The integration of H&H will strategically expand RailWorks' presence on the West Coast with a best-in-class team of professionals serving a diverse base of rail customers. As part of the RailWorks team, the H&H teams will be able to leverage FBW crews and equipment from the Rail Welding Services Division, leading to additional incremental growth opportunities.
RailWorks is a portfolio company of Bernhard Capital Partners, a services and infrastructure-focused private equity management firm, which it partnered with in November 2021 to drive long-term strategic growth and expand its core offerings and capabilities.
"This is an exciting time for RailWorks. These complementary acquisitions represent a significant expansion of our offerings and the ways in which we can service our valued customers across the country," said Kevin Riddett, RailWorks President and CEO. "As we continue to grow our business and execute on a shared vision with our partners at Bernhard Capital, we see a number of exciting opportunities to further expand our offerings and continuously enhance the safe, high-quality services customers expect from RailWorks."
In addition to executing on its strategic growth objectives, RailWorks has also remained committed to expanding its industry-leading commitment to safety. In May 2022, the company announced a partnership with Miller Ingenuity's ZoneGuard product line, a roadway worker protection system to detect track vehicles entering active work zones, provide advanced technology to the RailWorks portfolio, and improve overall roadway worker protection. Through this partnership, RailWorks is expanding the Company's commitment to a safety-first culture and working to accelerate safety technology adoption throughout the North American rail market.
"RailWorks' services are essential to supporting a critical mode of transportation for much of the country's population," said Mark Spender, Partner at Bernhard Capital. "These acquisitions and our new technology partnership solidify RailWorks' position as the industry leader for rail system maintenance, repair, and construction services. We are excited to continue to work closely with Kevin and his exceptional team to further expand the company's technology offerings and solutions-oriented approach, while maintaining RailWorks' commitment to its customers and to employee safety."
About RailWorks Corporation
Founded in 1998, RailWorks Corporation provides track construction, electrical systems construction, maintenance services and products throughout the United States and Canada for major transit authorities, Class I and short-line railroads, and rail-served commercial and industrial companies. Trusted RailWorks brands include L.K. Comstock Inc., PNR RailWorks, NARSTCO, and HSQ Technology. For more information, visit www.railworks.com.
About Bernhard Capital Partners
Bernhard Capital Partners is a services and infrastructure-focused private equity management firm established in 2013. Bernhard Capital Partners has deployed capital in four funds across several strategies, has approximately $2.9 billion of gross assets under management and is ranked as one of Private Equity International's 300 largest private equity firms worldwide. Bernhard Capital Partners seeks to create sustainable value by leveraging its experience in acquiring, operating and growing services and infrastructure businesses. For more information, visit www.bernhardcapital.com.
Contacts
RailWorks Corporation
Amanda Fiorante
516-269-1778
Bernhard Capital Partners
Ed Trissel / Kate Thompson / Erik Carlson
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
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SOURCE Bernhard Capital Partners Management, LP | https://www.whsv.com/prnewswire/2022/08/23/bernhard-capital-backed-railworks-corp-expands-specialized-rail-infrastructure-solutions-with-acquisition-hamph-engineering-construction/ | 2022-08-23T13:20:04Z |
NEW YORK, Aug. 23, 2022 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, and SportsGrid, the nation's first live sports wagering streaming video network, announced today an expansion and extension of their strategic partnership. Under the multi-year agreement BetMGM's trading team and experts will provide insight during various broadcasts including Ferrall Coast to Coast, Pro Football Today and In-Game Live Primetime. SportsGrid's lead pro football analyst Warren Sharp will deliver reports from MGM Resorts properties including MGM National Harbor in Maryland.
"SportsGrid is an ideal partner and, together, we look forward to providing our customers with more sports betting content just in time for the start of football season," said Matt Prevost, Chief Revenue Officer, BetMGM.
BetMGM's odds and promotions will now be featured throughout the entirety of Ferrall Coast to Coast. Sharp's live reports also will be distributed over SportsGrid's multi-media content platforms including the video streaming network, website, digital syndication publisher network and both companies' social media properties.
SportsGrid Chief Operating Officer Adam Kaplan said, "We are thrilled to be expanding our relationship with BetMGM on the heels of our initial partnership launch earlier this year. By further leveraging SportsGrid's media-as-a-service model, BetMGM will benefit from the scale of our network's audience and distribution footprints, the integration of top talent like Warren Sharp and the live content production from premier MGM Resorts properties."
Sharp said, "I am excited to provide BetMGM customers and SportsGrid's nationwide audience with my real time insights and analytics throughout the NFL regular season and playoffs. This partnership provides me with a unique perspective in covering the NFL matchups, spread, over/under and money lines, along with futures odds and player props."
As BetMGM continues to expand to new areas, responsible gaming education remains a key focus. BetMGM is proud to provide resources to help customers play responsibly. For more information on BetMGM, follow @BetMGM on Twitter.
BetMGM is a market leading sports betting and gaming entertainment company, pioneering the online gaming industry. Born out of a partnership between MGM Resorts International (NYSE: MGM) and Entain Plc (LSE: ENT), BetMGM has exclusive access to all of MGM Resorts' U.S. land-based and online sports betting, major tournament poker, and online gaming businesses. Utilizing Entain's U.S.-licensed, state of the art technology, BetMGM offers sports betting and online gaming via market leading brands including BetMGM, Borgata Casino, Party Casino and Party Poker. Founded in 2018, BetMGM is headquartered in New Jersey. For more information, visit http://www.betmgminc.com/.
SportsGrid, Inc. is the multimedia content and technology platform providing digital innovative solutions for the convergence of sports content, gaming, and NextGen technology. The SportsGrid multimedia destinations include SportsGrid Streaming Video Network, SportsGrid Radio, SportsGrid.com, DailyRoto, and SportsGrid Studios. SportsGrid statistics and data sourced from Sportradar enables the network to integrate real time delivery of news, storylines, data, odds, statistics, and betting intelligence across the daily original program schedule. For more information, please visit sportsgrid.com.
Statements in this release that are not historical facts are "forward-looking" statements and "safe harbor statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and/or uncertainties, including those described in MGM Resorts' public filings with the SEC. Forward looking statements are based on management's current expectations and assumptions and not on historical facts. Examples of these statements include, but are not limited to, statements regarding the future results of BetMGM. Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include effects of economic conditions and market conditions in the markets in which MGM Resorts operates and competition with other destination travel locations throughout the United States and the world, the design, timing and costs of expansion projects, risks relating to international operations, permits, licenses, financings, approvals and other contingencies in connection with growth in new or existing jurisdictions and additional risks and uncertainties described in MGM Resorts' Form 10-K, Form 10-Q and Form 8-K reports (including all amendments to those reports). In providing forward-looking statements, MGM Resorts is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law. If MGM Resorts updates one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those other forward looking statements.
MEDIA CONTACTS
BetMGM
Elisa Richardson
press@betmgm.com
SportsGrid
Charles Theiss
charles@sportsgrid.com
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SOURCE SportsGrid | https://www.whsv.com/prnewswire/2022/08/23/betmgm-sportsgrid-announce-expanded-multi-year-multi-platform-agreement/ | 2022-08-23T13:20:10Z |
GUELPH, ON, Aug. 23, 2022 /PRNewswire/ - BIOREM Inc. (TSXV: BRM) ("Biorem" or "the Company") today announced its results for the three and six-month periods ended June 30, 2022. Biorem's complete second quarter financial statements and MD&A have been filed on SEDAR (www.sedar.com).
FINANCIAL HIGHLIGHTS:
Biorem's revenues for the second quarter were $6.3 million a 43% increase over the previous quarter and 11% higher than the $5.6 million of revenues reported in the same quarter in 2021. Year to date revenues totalled $10.6 million, a 17% increase over the $9.1 million reported for the first six months of 2021. The increase in revenues for the first six months of 2022 compared to the prior year is largely due to the Company's larger order backlog at the beginning of the year and due to customer construction schedules.
Gross profit for the quarter was $1.5 million or 23.2% of revenue compared to $1.1 million of gross profit representing 19.8% of revenue recorded during the second quarter of 2021. Total operating expenses (net of other income) for the quarter were $1,170,000 against $742,000 in the same period the prior year. The increase in operating expenses in 2022 was primarily due to a foreign exchange loss of $89,000 recorded in the quarter compared to a $137,000 exchange gain recorded in the second quarter of 2021. Ebitda for the quarter was $319,000 compared to $467,000 of ebitda in the second quarter of 2021.
Net earnings for the quarter were $164,000, with year to date earnings of $64,000 compared to a net loss of $151,000 for the first half of 2021.
"We have been actively managing the impact that disruptions to our global supply chain and inflation have posed over the past several months, making BIOREM one of the few companies in our industry that continues to meet delivery schedules, remain on-budget and exceed customer expectations", said Derek S. Webb, President and CEO. "This has allowed us to look past these current challenges and focus on growth initiatives such as our new Dry Scrubber product line and expansion of our Service Group offerings."
"Booking activity within these two growth sectors have been robust- with over $8M year to date in new Dry Scrubber sales and over $3M in new Service orders. Total bookings in the second quarter were $12.5M of new orders resulting in a record backlog of $38M on June 30th, 2022."
"We expect this large backlog to enable the Company to deliver a strong second half of the year in terms of revenues and earnings".
Cash on hand at June 30, 2022 increased to $4.3 million. Earnings from operating activities during the quarter generated $321,000 of cash and net reductions in non-cash working capital items added a further $630,000 to cash reserves.
BIOREM is a leading clean technology company that designs, manufactures and distributes a comprehensive line of high-efficiency air emissions control systems used to eliminate odors, volatile organic compounds (VOCs), and hazardous air pollutants (HAPs). With sales and manufacturing offices across the continent, a dedicated research facility, a worldwide sales representative network and more than 1,600 installed systems worldwide, BIOREM offers state-of-the-art technology-based products and peace of mind for municipalities, industrial companies and their surrounding communities. Additional information on Biorem is available on our website at www.biorem.biz.
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SOURCE Biorem Inc. | https://www.whsv.com/prnewswire/2022/08/23/biorem-reports-second-quarter-results-amp-record-order-backlog/ | 2022-08-23T13:20:16Z |
Enterprise-focused digital asset finance platform eases the management of tax and accounting for cryptocurrency, DeFi, and NFTs in new Xero App Store integration
SAN FRANCISCO, Aug. 23, 2022 /PRNewswire/ -- Bitwave, an enterprise-focused digital asset finance platform designed to manage the intersection of cryptocurrency tax, accounting, and compliance, announced that it has joined the Xero App Store as a certified app partner. The Bitwave app is now globally available in the Xero App Store.
As a certified app partner, Bitwave gives Xero users a way to account for crypto-currency and digital asset transactions. Bitwave users can do crypto revenue recognition, account for Decentralized Finance (DeFi) transactions, and handle Non-Fungible Tokens (NFT) bookkeeping in one place.
"We're excited to join the Xero App Store to offer our platform to Xero customers," said Pat White, CEO and Co-Founder of Bitwave. "As a Xero App Store app partner, we support small businesses who are discovering digital assets and the potential they hold for their clients."
Bitwave is purpose-built to help finance and accounting professionals mitigate the challenges of operating with digital assets, featuring robust functionality from transaction reconciliation into existing ERP solutions to accounts receivable/payable, bill pay, treasury management, and more.
The Xero App Store allows small businesses, accountants and bookkeepers to discover and purchase apps to help run their business, while helping app partners grow on the Xero platform, a cloud-based accounting software platform for small businesses.
"Bitwave is delighted to be recognized as a Xero App Store app partner," continued White. "We look forward to working with Xero and connecting with an array of small businesses beginning their journey into digital assets."
The new Bitwave integration with Xero is available in the Xero App Store here. For more information on Bitwave, please visit Bitwave.io.
Xero users can see Bitwave in action at Xerocon New Orleans, August 24-25, 2022. Xerocon is the annual event for cloud accounting leaders from across the United States and Canada. "We are excited to exhibit at Xerocon NOLA 2022 and to connect with the Xero user community in New Orleans later this week," said Amy Kalnoki, Bitwave COO and Co-Founder. We are excited to share how businesses using Xero can account for their crypto and digital asset transactions with Bitwave."
Bitwave is the first digital asset finance platform designed specifically to manage the intersection of cryptocurrency tax, accounting, and compliance, transforming unmanaged risk into strategic business advantage by enabling the financial revolution made possible by cryptocurrency. Bitwave powers bookkeeping, accounting, tax tracking, invoicing, bill pay, payroll, and treasury management for Decentralized Finance (DeFi), crypto, and NFTs.
The platform is used by accounting, operations and financial professionals who are eager to tap into all of the potential digital assets but have lacked the proper accounting protocols to do so in the past. Bitwave was founded in 2018 by technology entrepreneurs Pat White and Amy Kalnoki and is based in San Francisco, CA. To learn more, bitwave.io.
For all media inquiries, please contact:
Amanda Umpierrez
PR Associate, KCD PR
347-617-3256
aumpierrez@kcdpr.com
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SOURCE Bitwave | https://www.whsv.com/prnewswire/2022/08/23/bitwave-joins-xero-app-store-certified-app-partner/ | 2022-08-23T13:20:24Z |
Highly Cost-effective: 7280mAh Battery, Simo Internet Support, TÜV Rheinland Low Blue Light Certified, Doke OS_P 3.0 Based on Android 12 with PC-Style Interaction
SHENZHEN, China, Aug. 23, 2022 /PRNewswire/ -- Blackview, a distinguished smart device vendor, always has a penchant for making ultra-lasting and practical tablets, and the brand's latest is no different. Billed as Blackview Tab 13, the slate hits the market today. Listed below are all the killer features of Tab 13. Read on to know what surprises Blackview is offering.
https://s.click.aliexpress.com/e/_oEiofpb
Blackview Tab 13 witnesses four big upgrades respectively in efficiency, safety, entertainment and convenience. As for efficiency, Blackview Tab 13 is shipped with the speedy octa-core MediaTek Helio G85 paired with 128GB internal storage and up to 1TB expandable storage while backed by advanced 6GB+4GB RAM expansion technology. Along with the responsive DokeOS_P 3.0 based on Android 12, this could allow users to store more digital content while ensuring more fluent multitasking and gaming.
When it comes to safety, Blackview Tab 13 pays special attention to eye care by being the first Blackview tablet to come with a 10.1-inch FHD+ TÜV Rheinland Low Blue Light Certified Display. With this, Tab 13 can significantly reduce the exposure to blue light, lowering the risk of eye strain after long-time viewing in low-lit environments.
Speaking of entertainment capability, Blackview Tab 13 delivers a 7280mAh battery, and the Simo Internet support with which Tab 13 users, without purchasing a SIM card, can access the Internet outdoors even when there is no Wifi connection. The first 3,000 buyers of Blackview Tab 13 will be gifted for free up to 10GB-data plan for the first 6 months. Besides, Tab 13 offers ear-pleasing dual Smart-PA supported Box speakers for better audio pleasure.
With regard to convenience, Blackview Tab 13 users get laptop-style interaction thanks to the PC-mode which enables them to open multiple app windows simultaneously without sacrificing screen-touch advantage.
Blackview Tab 13 now starts from $133.99 with the use of limited promo codes and coupons (down from $299.99) on its premiere sale from August 22nd to August 26th PT. The offer is running out, so lose no time to click here to get one.
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SOURCE Blackview | https://www.whsv.com/prnewswire/2022/08/23/blackview-launches-blackview-tab-13-it-goes-sale-today/ | 2022-08-23T13:20:31Z |
Data shows almost 1,000 instances of Florida nursing home residents exiting without supervision
JACKSONVILLE, Fla., Aug. 23, 2022 /PRNewswire/ -- Howard Butler of the Butler Law Group in Jacksonville, Fla achieved a record setting eight figure settlement in the wrongful death case of an 85-year-old resident who eloped from a Florida Assisted Living Facility specializing in memory care. The case settled shortly prior to the start of trial.
The settlement is the largest settlement or verdict for a single death with a single survivor in the jurisdictions history exceeding a recent $10.05M verdict involving the death of a 20 something year old with multiple survivors (source: Case Metrix). Certain aspects of the case are confidential.
Recent Data shows that between 2017 and 2021 almost 1,000 instances of Florida nursing home residents – some with dementia – exiting without supervision (source: NPR, PBS). Florida recently enacted legislation that would reduce the amount of time that CNAs are required to spend with each resident, from 2.5 hours per day to 2 hours.
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SOURCE Butler Law Group | https://www.whsv.com/prnewswire/2022/08/23/butler-law-group-achieves-record-setting-wrongful-death-recovery-an-elderly-florida-alzheimers-resident/ | 2022-08-23T13:20:37Z |
TORONTO, Aug. 23, 2022 /PRNewswire/ - Canada Nickel Company Inc. (TSX-V: CNC) ("Canada Nickel" or the "Company") is pleased to announce that further to its news release dated July 6, 2022 it has filed on SEDAR an independent technical report titled "Crawford Nickel Sulphide Project - NI 43-101 Technical Report, Preliminary Economic Assessment & Updated Mineral Resource Estimate" (the "Technical Report"). This report (the "Report") was prepared by Caracle Creek International Consulting Inc (Caracle Creek) with support from Ausenco Engineering Canada Inc. (Ausenco), and Wood Environment & Infrastructure Solutions Canada Limited (Wood) (collectively the "Authors") for Canada Nickel Company Inc. (CNC) to provide the updated mineral resource estimate as announced by CNC on July 6, 2022 and to re-iterate the results of the Crawford Nickel Sulphide Project Preliminary Economic Assessment (PEA) dated July 9, 2021 and with an effective date of May 21, 2021.
A copy of the Technical Report is available under the Company's profile page at www.sedar.com.
Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless steel markets. Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero NickelTM, NetZero CobaltTM, NetZero IronTM and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. For more information, please visit www.canadanickel.com.
FOR FURTHER INFORMATION, PLEASE CONTACT:
CHAIR AND CEO
PHONE: 647-256-1954
EMAIL: INFO@CANADANICKEL.COM
This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward looking information includes, but is not limited to, drill and exploration results relating to the target properties described herein (the "Properties"), the potential of the Crawford Nickel Sulphide Project and the Properties and mineral resource estimates, the ability to sell marketable materials, strategic plans, including future exploration and development results, and corporate and technical objectives. Forward-looking information is necessarily based upon several assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Factors that could affect the outcome include, among others: future prices and the supply of metals, the future demand for metals, the results of drilling, inability to raise the money necessary to incur the expenditures required to retain and advance the property, environmental liabilities (known and unknown), general business, economic, competitive, political and social uncertainties, results of exploration programs, risks of the mining industry, delays in obtaining governmental approvals, failure to obtain regulatory or shareholder approvals, and the impact of COVID-19 related disruptions in relation to the Company's business operations including upon its employees, suppliers, facilities and other stakeholders. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. Canada Nickel disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, except as required by law.
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SOURCE Canada Nickel Company Inc. | https://www.whsv.com/prnewswire/2022/08/23/canada-nickel-files-technical-report-crawford-nickel-sulphide-project/ | 2022-08-23T13:20:44Z |
MIAMI, Aug. 23, 2022 /PRNewswire/ - Cansortium Inc. (CSE: TIUM.U) (OTCQX: CNTMF) ("Cansortium" or the "Company"), a vertically-integrated cannabis company operating under the Fluent™ brand, will hold a conference call to discuss its financial and operating results for the second quarter ended June 30, 2022. The company will issue a press release with its results prior to the call.
Cansortium management will host the conference call, followed by a question-and-answer period.
Date: Monday, August 29, 2022
Time: 4:30 p.m. Eastern time
Toll-free dial-in number: (800) 319-4610
International dial-in number: (604) 638-5340
Conference ID: 10020139
Link: Cansortium Conference Call
Please call the conference telephone number 5-10 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 Elevate IR at (720) 330-2829.
The conference call will also be available for replay via the News & Events section of the Company's investor relations website at https://investors.getfluent.com/.
Cansortium is a vertically-integrated cannabis company with licenses and operations in Florida, Pennsylvania and Texas. The Company operates under the Fluent™ brand and is dedicated to being one of the highest quality cannabis companies for the communities it serves. This is driven by Cansortium's unrelenting commitment to operational excellence in cultivation, production, distribution and retail. The Company is headquartered in Miami, Florida.
Cansortium Inc.'s common shares trade on the CSE under the symbol "TIUM.U" and on the OTCQX Best Market under the symbol "CNTMF". For more information about the Company, please visit www.getfluent.com.
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SOURCE Cansortium Inc | https://www.whsv.com/prnewswire/2022/08/23/cansortium-schedules-second-quarter-2022-conference-call-monday-august-29-430-pm-et/ | 2022-08-23T13:20:51Z |
DENVER and TORONTO, Aug. 23, 2022 /PRNewswire/ - Canvass Analytics Inc. ("Canvass AI"), a leader in industrial AI software, today announced that it has joined the World Economic Forum's Global Innovators Community to help accelerate the world's industrial use of artificial intelligence (AI) and address the industry's role in global economic, productivity and sustainability initiatives.
According to Statista the global industrial goods output will deliver up to US $15.8 trillion in sales by 2030 up from $9 trillion in 2019. However, this growth comes at a cost. The World Bank estimates that global production sectors are responsible for 20% of carbon emissions and 54% of the world's energy consumption today. Even though AI has the potential to reduce emissions by up to 15% while improving productivity and workforce engagement, on average only 6% of industrial manufacturers are fully leveraging technology according to PWC.
The World Economic Forum's Advanced Manufacturing and Value Chains platform is focused on addressing this issue by encouraging innovation and accelerating the adoption of new technology solutions. By joining the World Economic Forum's global innovator community, Canvass will add its expertise in how to bridge this gap and empower industrials to accelerate their growth, efficiency, and sustainability initiatives using AI.
"The world is at a critical juncture that needs impactful change today. Canvass AI's customers are among the industry leaders that are addressing their productivity and sustainability goals using Industrial AI. Joining the World Economic Forum is part of Canvass's vision to shift the needle whereby industrial companies use the power of AI to transform their aspirations into reality," said Humera Malik, CEO of Canvass AI.
"We are very pleased that Canvass AI has joined the Forum's community. As a global innovator, Canvass's team will add pivotal insights and expertise to accelerate an inclusive AI's adoption and support our ambitions of a more productive, intelligent, and cleaner manufacturing sector," said Felipe Bezamat Kuzmanic, Head of Advanced Manufacturing, World Economic Forum.
Canvass AI's customers span the oil and gas, chemical and petrochemical, metals and mining, and energy sectors, all of which contribute significantly to the global economy as well as climate change risks. The Canvass AI platform provides industrial engineers with easy-to-use AI solutions to apply and scale across their operations that address their operational challenges, without requiring coding or data science expertise. Today, leading industrials and manufacturers use Canvass AI to reduce carbon emissions and waste, improve yields by proactively managing quality, and optimize energy consumption.
The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas. It was established in 1971 as a not-for-profit foundation and is headquartered in Geneva, Switzerland. It is independent, impartial and not tied to any special interests. The Forum strives in all its efforts to demonstrate entrepreneurship in the global public interest while upholding the highest standards of governance. The Forum believes that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.
The Global Innovators Community is a group of the world's most promising start-ups and scale-ups that are at the forefront of technological and business model innovation. The World Economic Forum provides the Global Innovators Community with a platform to engage with public- and private-sector leaders and to contribute new solutions to overcome current crises and build future resiliency. Companies who are invited to become Global Innovators will engage with one of ore of the Forum's Platforms, as relevant, to help define the global agenda on key issues.
Canvass AI is a leading industrial AI software provider that puts the power of AI in the hands of industrial workforces to solve day-to-day operational problems. Some of the world's largest companies use Canvass AI's patented platform to reduce carbon emissions and waste, improve yields, and optimize facility operations. Backed by Alphabet and Yamaha Motor Ventures, the Company is recognized by CB Insights as one of the world's top 50 technology companies that is advancing manufacturing. Follow us on Twitter or LinkedIn.
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SOURCE Canvass Analytics Inc. | https://www.whsv.com/prnewswire/2022/08/23/canvass-ai-joins-world-economic-forum-accelerate-artificial-intelligence-impact-global-manufacturing/ | 2022-08-23T13:20:58Z |
NEW YORK, Aug. 23, 2022 /PRNewswire/ -- MedReview, Inc., a leading provider of payment integrity, utilization management and quality surveillance services, is pleased to welcome Michael J. Menen, MD, FACC, as its new chief medical officer (CMO).
A fellowship-trained cardiologist with extensive CMO experience at several high-profile healthcare systems, Menen will serve as MedReview's senior clinical officer, providing clinical leadership to all clinicians and staff involved in the execution and compliant operation of MedReview programs. In his new role, Menen is also responsible for adhering to mainstream contemporary practice, resolving disputed clinical issues, interacting with regulatory and accrediting entities such as URAC, and supervising all in-house physicians and clinical consultants.
"We are very excited to welcome Michael Menen to our senior leadership team," said MedReview Chief Executive Officer, Spencer Young. "Michael comes to us with deep clinical experience and a proven track record for operationalizing innovative strategic solutions to help drive clinical performance and transformation. We think he will be a tremendous asset to MedReview and our clients," said Young.
Prior to joining MedReview, Menen was the national chief medical officer for Optum, a division of UnitedHealth Group, where his primary responsibility was partnering with multi-site health systems, payers, administrators, and healthcare providers on a wide variety of initiatives. While at Optum, Menen oversaw a 20-member team comprised of physicians, nurses, and medical directors. Previously, Menen served as chief medical officer for St. Francis/Bon Secours, HCA Virginia Health System and Providence Health and Services. Menen began his career as an invasive cardiologist with PeaceHealth, where he would go on to hold various positions including chief of staff and chief of medicine.
Menen earned a Bachelor of Science degree in theoretical mathematics from the University of California, Riverside, and his Doctor of Medicine degree from the Medical College of Wisconsin. Menen completed his cardiology fellowship at the University of New Mexico affiliated hospitals. Menen is a board-certified invasive cardiologist and a fellow of the American College of Cardiology, where he is a member of the Heart Disease Prevention team.
Headquartered in the financial district of New York City and serving all U.S. states and territories, MedReview has been a leading provider of payment integrity, utilization management and quality surveillance services for more than 40 years. A physician-led organization with a passion for ensuring that health care claims fairly represent the care provided, MedReview provides timely independent hospital billing audits and clinical validation reviews on behalf of health plans, government agencies and Taft-Hartley organizations, saving millions of dollars for its clients each year.
Contact: Ted Pitynski
Email: ted-pitynski@medreview.us
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SOURCE MedReview | https://www.whsv.com/prnewswire/2022/08/23/cardiologist-michael-j-menen-md-joins-medreview-chief-medical-officer/ | 2022-08-23T13:21:08Z |
FN Media Group Presents Microsmallcap.com Market Commentary
NEW YORK, Aug. 23, 2022 /PRNewswire/ -- The CBD oil market is expected to witness an astounding CAGR of 38.90% from 2021 until 2029, climbing from $9.86 billion to $136.64 billion. There are several reasons behind the projected growth such a growing number of CBD-infused skincare products, increased use of THC and CBD in pain management and treatment, rising sales in both retail stores and online, expanding research, and increasing demand for ingestible products. Governments around the world have also begun opening up more doors for CBD, with a recent Health Canada report suggesting legal framework to broaden retail CBD sales across the country. These factors create a favorable market for cannabis companies like Flora Growth Corp. (NASDAQ:FLGC), Organigram Holdings Inc. (NASDAQ:OGI) (TSX:OGI), Cronos Group (NASDAQ:CRON) (TSX:CRON), Canopy Growth Corp. (NASDAQ:CGC) (TSX:WEED), and Village Farms International, Inc. (NASDAQ:VFF), which are expanding their CBD business to meet rising demand.
Flora Growth Corp. (NASDAQ:FLGC) operates one of the largest outdoor cannabis cultivation facilities. It relies on natural and cost-effective cultivation practices to supply cannabis derivatives to its various cosmetics, hemp, and food and beverages business divisions.
On August 15, Flora Growth announced its financial and operating results from the first six month of 2022. The company reported $15 million in revenue for H1 2022, which represents a 604% increase from H1 2021 and 117% increase from H2 2021. The company also saw its gross profits for H1 2022 increase by 547% YoY to $7 million. Flora Growth also reaffirmed its guidance for FY 2022 to range between $35-$45 million, which would be an increase of 300%-400% YoY.
During H1 2022, Flora Growth achieved several exciting operating highlights including acquiring JustCBD for $16 million in cash and 9.5 million in shares, signing a distribution agreement with giant OTG Management to supply JustCBD products in US airports, increasing its presence in Europe with a London-based office, receiving approval to sell JustCBD products on Amazon UK, acquiring Masaya CBD brand to expand the company's life sciences business, and completing the build out of its all-outdoor cultivation and on-site extraction facility at its outdoor operation in Colombia.
Flora Growth also bolstered its leadership team by appointing former Amazon, Boeing BP and RPK Capital executive Elshad Garayev as Chief Financial Officer, James Choe as Chief Strategy Officer and Jessie Casner as Chief Marketing Officer.
"In the first half of 2022, Flora delivered on its promise to double revenue compared to the second half of 2021, and we expect to maintain that trajectory to deliver our full year guidance as a result of continued growth in our House of Brands, the launch of several new brands in the United States, and the commencement of sales in our Commercial Wholesale and Life Sciences business," said Luis Merchan, Chairman and CEO of Flora Growth. "We started 2022 with the integration of both Vessel and JustCBD, and despite macro headwinds in the global markets as well as global cannabis regulations, we are extremely pleased with our growth year-to-date. We are also seeing positive movement in our Life Sciences division with progress on the approval of our clinical trials in the United Kingdom and the acquisition of Masaya, a science-backed, high-potency CBD brand."
On August 2, Flora Growth announced a joint venture agreement with the largest indigenous tribe in Colombia, Pharma Indigena Misak Manasr Sas, to develop agricultural best practices, production, export, and marketing of cannabis and cannabis-containing products.
According to the agreement, Flora will give Manasr regulatory guidance, business and technical support for product development and distribution, promotion of goods to be marketed under the Flora brand portfolio, and cannabis derivatives when necessary to finish product manufacture. Manasr will also collaborate closely with Flora to create cannabis-related medications and products as well as move up the authorizations and approvals required for Colombian cannabis exports.
The agreement's initial period is three years, but a long-term, mutually beneficial partnership is what the parties hope to establish.
Flora's Chairman and CEO Luis Merchan said: "We are honored to be given opportunity to work hand-in-hand with the Misak people. Through this partnership, we will collaborate with the tribe on the processing and distribution of their Colombian-grown cannabis while offering Manasr a powerful platform for product distribution. In return, Flora will be able to leverage the tribe's unique regulatory positioning to expedite exports and increase global market penetration of Colombian cannabis goods. We look forward to a long-standing relationship with such a powerful community partner."
For more information about Flora Growth Corp. (NASDAQ:FLGC), click here.
Cannabis Companies Report Quarterly Results and Develop CBD Products
In the third quarter of fiscal 2023, Organigram Holdings Inc. (TSX: OGI)(NASDAQ: OGI) reported record growth in net revenue. Indeed, net revenue reached $38.1 million, the highest in the company's history, up 88% from $20.3 million in the same prior-year period and 20% from $31.8 million in Q2 Fiscal 2022. Higher gross margin, reduced inventory allowances, and lower financing expenses led to a $2.8 million net loss in Q3 Fiscal 2022, compared to a $4.0 million net loss in Q3 Fiscal 2021. In Q3 Fiscal 2022, Organigram achieved the #3 position among Canadian licensed producers with a 7.8% market share. In June 2022 the company had an 8.5% share of the recreational adult-use market.
On August 9, Cronos Group (NASDAQ:CRON) (TSX:CRON) reported its Q2 2022 results. Net revenue increased $7.4 million from Q2 2021. The rise was driven by expansion in the Israeli medical and Canadian adult-use markets. Q2 2022 net loss was $20.3 million, $159.0 million better than Q2 2021. In June 2022, Cronos revealed the final productivity target for tetrahydrocannabivarin (THCV) under its strategic cooperation with Ginkgo Bioworks Holdings, Inc. THCV reduces THC's appetite-boosting effect. On June 27, Cronos announced the launch of the first of what is anticipated to be many products in collaboration with Geocann, all of which will make use of the cutting-edge VESIsorb® delivery system. This technique provides faster absorption and improved bioavailability. The CBD Gel Capsules by Lord Jones® are the first jointly-released VESIsorb®-formulated item. The companies are eager to work together on cutting-edge products and formulations in the future.
For Q1 2023, Canopy Growth Corp. (TSX:WEED) (NASDAQ:CGC) reported net revenue of $110.1 million, a decrease of 19% from the prior-year quarter. The company continued to hold the #1 share of the combined premium flower and pre-rolled joint-segment in the quarter. Compared to Q1 2022, international medical cannabis net revenue nearly doubled due to robust sales in Israel and Australia. Record BioSteel revenues climbed by 169% in Q1 2023. Canopy secured a retail deal with Walmart Stores that covered 2,200 locations across 39 states and partnered with the NHL and NHLPA to become their official hydration partner. Operating expenses in Q1 FY2023 were 13% lower than in Q1 2022, keeping the cost-cutting initiative on pace. On August 2, Canopy announced the appointment of Christelle Gedeon, Ph.D., as the company's new Chief Legal Officer. Christelle is a skilled commercial lawyer and strategist with more than a decade of legal and strategic experience, recently serving as the Chief Legal Officer and Corporate Secretary for The Metals Company.
Balanced Health Botanicals, the parent company of top-selling cannabinoid brand CBDistillery and a wholly owned subsidiary of Village Farms International (NASDAQ: VFF) released on July 13 the results of a Pathfinder Mission that examined the effects of CBDistillery's Daytime Synergy 500mg CBG + 500mg CBD tincture on mild or transient anxiety. This Pathfinder Mission, which involved MoreBetter (doing business as Releaf App), was carried out at a time when the number of Americans who suffer from anxiety is at an all-time high and affects close to 40 million adults. The Daytime Synergy 500mg CBG + 500mg CBD tincture from CBDistillery significantly reduced participants' mild or transient anxiety, according to the results of an industry-disrupting Pathfinder Mission conducted by the company. MoreBetter is the highest-rated application for people to track and improve their use of cannabis and CBD.
Since the beginning of 2022, Flora Growth has continued to expand its presence around the world including opening of an office in London and establishing a brick-and-mortar JustCBD store in the Czech Republic . The company plans to launch more JustCBD stores in Germany through its partnership with Greenyard.
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One of the leading multichannel commerce platform recognized as an advanced partner, reinforcing its commitment to advertising and strengthening its long-standing relationship with Amazon Ads
RESEARCH TRIANGLE PARK, N.C., Aug. 23, 2022 /PRNewswire/ -- ChannelAdvisor Corporation (NYSE: ECOM), a leading provider of cloud-based online retail solutions, today announced it has earned advanced partner status within the Amazon Ads Partner Network, a global community of agencies and technology providers that help advertisers achieve their business goals using Amazon Ads products.
Amazon Ads awards advanced partner status to partners based on the growth they deliver for their advertising clients and their level of engagement and expertise with Amazon Ads products like Amazon DSP and sponsored ads.
"Amazon Ads is a key way for brands and retailers to reach today's consumers," said Link Walls, VP Digital Marketing Strategy at ChannelAdvisor. "We were excited to join the Partner Network when it launched last year and this recognition reinforces the strength of our ongoing relationship with Amazon Ads. As an advanced partner, we are able to provide the support brands and retailers need to drive growth."
ChannelAdvisor provides brands and retailers with the opportunity to boost visibility and increase sales using the full suite of advertising opportunities offered by Amazon Ads. Whether using advanced automation features or working directly with our team of retail media experts, ChannelAdvisor customers benefit from both experience and technology to help find success in the Amazon store. To learn more, visit https://www.channeladvisor.com/amazon-advertising/
For more details about ChannelAdvisor, visit ChannelAdvisor's blog, follow ChannelAdvisor on Twitter @ChannelAdvisor, like ChannelAdvisor on Facebook and connect with ChannelAdvisor on LinkedIn.
ChannelAdvisor (NYSE: ECOM) is a leading multichannel commerce platform whose mission is to connect and optimize the world's commerce. For over two decades, ChannelAdvisor has helped brands and retailers worldwide improve their online performance by expanding sales channels, connecting with consumers across the entire buying cycle, optimizing their operations for peak performance, and providing actionable analytics to improve competitiveness. Thousands of customers depend on ChannelAdvisor to securely power their e-commerce operations on channels such as Amazon, eBay, Google, Facebook, Walmart, and hundreds more. For more information, visit www.channeladvisor.com.
ChannelAdvisor Media Contact
Caroline Riddle
caroline.riddle@channeladvisor.com
919-439-8026
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SOURCE ChannelAdvisor Corporation | https://www.whsv.com/prnewswire/2022/08/23/channeladvisor-named-amazon-ads-advanced-partner/ | 2022-08-23T13:21:21Z |
Worldwide Market Growth Decelerates Compared to 1Q 2022
REDWOOD CITY, Calif., Aug. 23, 2022 /PRNewswire/ -- According to a recently published report from Dell'Oro Group, the trusted source for market information about the telecommunications, networks, and data center industries, China outstripped the rest of the world for Mobile Core Networks (MCN) and Multi-access Edge Computing (MEC) market revenue growth in 2Q 2022. Worldwide market growth decelerated compared to 1Q 2022, from mid-single-digit percentage year-over-year (Y/Y) growth to low single-digit percentage Y/Y growth.
The MCN market in China grew at a double-digit percentage Y/Y growth rate in 2Q 2022 compared to the market outside China which had a negative Y/Y growth rate. The China region invested 75 percent in 5G MCN infrastructure during the quarter while outside China, only 20 percent was invested in 5G MCN infrastructure.
"The pace of 5G MCN investments in the rest of the world pales by comparison to China. China has led the way since 2020 and does not look like it is ready to slow down," stated Dave Bolan, Research Director at Dell'Oro Group. "In 2Q 2022, a new 5G Standalone (5G SA) Mobile Network Operator (MNO), China Broadnet, launched its 5G SA network, the fourth MNO to do so in China. Only two other 5G SA networks have launched in 2022, KDDI in Japan, and Dish Wireless in the United States. As a result, when it comes to 5G SA networks with a 5G Core, China leads the world.
"And they lead the world in 5G MEC deployments and 5G applications enabling consumers and enterprises to do more than the combined markets outside of China, even though they only account for one-fourth of the MCN market investments. While many service providers throughout the world talk about the future of 5G with some showcase applications and what it can do, it is a reality in China, at scale," continued Bolan.
Additional highlights from the 2Q 2022 Mobile Core Network and Multi-Access Edge Computing Report:
- The top five global MNC suppliers in the quarter include Huawei, Ericsson, Nokia, ZTE, and Mavenir.
- The top five global 5G MCN suppliers in the quarter include Huawei, Ericsson, ZTE, Nokia, and NEC.
The Dell'Oro Group Mobile Core Network & Multi-Access Edge Computing Quarterly Report offers complete, in-depth coverage of the market with tables covering manufacturers' revenue, shipments, and average selling prices for Evolved Packet Core, 5G Packet Core, Policy, Subscriber Data Management, and IMS Core including licenses by Non-NFV and NFV, and by geographic regions. To purchase this report, please contact us at dgsales@delloro.com.
Dell'Oro Group is a market research firm that specializes in strategic competitive analysis in the telecommunications, enterprise networks, data center infrastructure, and network security markets. Our firm provides in-depth quantitative data and qualitative analysis to facilitate critical, fact-based business decisions. For more information, contact Dell'Oro Group at +1.650.622.9400 or visit www.delloro.com.
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SOURCE Dell'Oro Group | https://www.whsv.com/prnewswire/2022/08/23/china-outstrips-rest-world-mobile-core-networks-growth-2q-2022-according-delloro-group/ | 2022-08-23T13:21:29Z |
Venezia Chosen to Lead the Growth of the Innovative Research Protocol Automation Platform
NEW YORK CITY, Aug. 23, 2022 /PRNewswire/ -- ProofPilot, the protocol automation platform for clinical trials, today announced that Chris Venezia will join as Chief Executive Officer (CEO) to lead the company through its next phase of growth. ProofPilot's automated protocol technology eliminates guesswork and protocol deviations to create high-performance experiences for sites and patients.
"I am excited to serve as ProofPilot's CEO in this next phase of rapid growth," said Chris Venezia, Chief Executive Officer of ProofPilot. "ProofPilot has an unmatched offering for life science companies to maximize the quality of their data, simplify the complexities of clinical research, and save time and effort, ultimately allowing innovative therapies to reach patients more quickly and with more robust evidence. ProofPilot is bringing much-needed innovative digital research solutions to the industry, and I look forward to leading the company in this new chapter."
Chris Venezia brings more than 15 years of strong leadership experience to ProofPilot with a track record of success in product commercialization, patient recruitment, marketing, and sales. With his most recent role as the Chief Commercial Officer at Citeline Connect, Chris excels in addressing the pain points of the life sciences industry and bringing technology-driven solutions to the market. His expertise will help disrupt the clinical trial industry to improve the experience and research outcomes for all key stakeholders in the space.
"I have followed Chris' work in clinical research innovation for years and have been impressed with how he has used his strengths to disrupt the industry in simple but profound ways," said Joseph Kim, Chief Strategy Officer of ProofPilot. "I'm looking forward to working alongside Chris to transform the fundamental clinical trial execution model in ways that have been long overlooked."
"Chris has an impressive track record of driving commercial success for health and life science companies," said Jin-Ah Lim, General Manager at Mitsui &Co. (U.S.A.), Inc. "With his industry know-how and ProofPilot's cutting-edge platform, we are excited to see the company help bring innovative therapies to market with greater speed and quality. Chris joins us at precisely the right time to lead ProofPilot into the next stage of growth for life science."
ProofPilot recently raised a Series B financing led by Mitsui & Co. (U.S.A.), Inc., with Sopris Capital, LLC, First Trust Capital Partners, LLC, and Excelra, among others.
ProofPilot supports clinical trials with the industry's first fully automated digital protocol platform. The platform orchestrates stakeholder tasks and optimizes clinical workflows, improving stakeholder experiences and data quality. The elimination of guesswork and research protocol deviations creates high-performance experiences for sites and patients. Founded in 2014, ProofPilot was one of the first global digital clinical trial solutions allowing virtual, hybrid, and in-person research offerings with its patient and site Co-Pilot packages. To learn more, visit https://www.proofpilot.com/.
With a long history in the United States, Mitsui & Co. (U.S.A.), Inc. ("Mitsui USA") is a wholly-owned subsidiary of Mitsui & Co., Ltd., Tokyo, Japan, one of the most diversified and comprehensive trading, investment, and service enterprises in the world. Mitsui & Co. pursues "360° business innovation" that ranges from product sales, worldwide logistics and financing, through to the development of major international infrastructure and other projects. More information on Mitsui USA may be found at www.mitsui.com/us.
Stay up-to-date on ProofPilot news at: https://www.linkedin.com/company/proofpilot
Media Contact
EvolveMKD
ProofPilot@EvolveMKD.com
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SOURCE ProofPilot | https://www.whsv.com/prnewswire/2022/08/23/chris-venezia-named-ceo-proofpilot/ | 2022-08-23T13:21:35Z |
Company Debuts New Employee and Educational Benefit Platforms
DALLAS, Aug. 23, 2022 /PRNewswire/ -- Chuck E. Cheese, the number one family entertainment fun center, is gearing up for the industry's largest family-friendly Halloween event, Boo-tacular™. Just in time for its latest installment of 4 Seasons of Fun, Chuck E. Cheese venues across the nation are kicking off hiring events daily in-store. Students, young adults, and anyone looking for a fun job, rooted in bringing smiles to kids and families, is welcome to join the team.
As the brand gears up for one of the best times of year – Halloween -- first-time job seekers, or anyone looking to participate in all the wonder that fall has to offer, should look no further. The Fun Centers will be filled with seasonal décor, fun new LTOs, and kids and families in costume, all wanting to have a spooky, fun time. Plus, our cast members can come to work in costume during the promotion from Sept. 19 to Oct. 31, learn new dances like the Chuck E. Haunted House Party, and get an opportunity to be a part of the fun of the season, every day!
Chuck E. Cheese entertainment is an equal opportunity employer and offers cast members loads of benefits to make work both fun and fulfilling. Now is the time to take advantage of great new benefits. From education and scholarships to their "Work Today Get Paid Tomorrow" program, Chuck E. Cheese is doubling down on securing and retaining talent.
"We are excited about our new and updated benefits offerings," said Rudy Rodriguez, Chief Legal & Human Resources Officer. "Our benefits package is designed to strengthen our teams' minds, bodies, and finances! It is our way of celebrating the contributions of our incredible teams who help us serve our guests and deliver the brand promise every day. Our talent and our people are our greatest asset. As we continue to grow and expand, we want to develop and arm our teams with the tools necessary for career advancement so they can provide for their families," he concluded.
Chuck E. Cheese is the place where half a million birthdays are celebrated every year, and milestones, everyday events, and holidays are part of the experience, too. Cast members can show their inner ghoul and goblin by wearing Halloween costumes all month long. Also, after a successful nationwide test this summer, Chuck E. Cheese is now hiring 15-year-old cast members so they can embark on their first job at a Fun Center near them.
This week, the company will debut a new education and scholarship platform for all its cast members and management teams. In partnership with the University of Arizona Global Campus (UAGC), Chuck E. Cheese will offer all employees and their immediate family members 40% off tuition – plus waived fees and free digital course materials – for degree programs offered by UAGC. Additionally, through our partnership with UAGC, in fall 2023, CEC Entertainment will offer three eligible Operations Managers a life-changing opportunity to receive a scholarship to cover 100% of their costs toward the completion of a bachelor's or graduate degree program at UAGC.
For all CEC Entertainment employees looking to upskill or re-skill, through a new partnership with Google, all employees and immediate family members will have the opportunity to earn a Google Career Certificate in one of the following fields: Data Analytics, Digital Marketing & E-Commerce, IT Automation, IT Support, Project Management, and User Experience Design. Certificate courses are taught by Google employees with decades of experience in these fields and are hands-on, practical, and rigorous. Certificates may be earned within three to six months – and the whole program comes at no cost to the employee.
Additionally, the CEC Cares Opportunity Scholarships were created to recognize and invest in our employees who have worked hard serving our guests while continuing to pursue their educational dreams. Scholarship awards range from $500 to $5,000, and applicants are evaluated according to academic record, job performance, strength of application, and financial need. Scholarships are available for Chuck E. Cheese and Peter Piper Pizza cast/team members and managers.
- CEC Cares: Financial Assistance for Employees in Need; Funded primarily by employees and CEC Entertainment, the CEC Cares Employee Relief Fund is a financial assistance program that helps employees who experience a financial crisis resulting from illness, death of a family member, natural disaster, or other extreme circumstance. All employees are eligible to apply for a grant.
- Work Today Get Paid Tomorrow! Our partnership with PayActiv allows all employees to access their earned but unpaid wages between paychecks. This is not a loan, has no hidden fees, and doesn't require a credit check. Enrolled employees can access up to 50% or up to $500 of their earnings. The wages that the employees receive in advance are then deducted from their next paycheck.
- Benefithub.com; CEC Entertainment employees have access to exclusive discounts and other conveniences provided by thousands of vendors! Employees across Chuck E. Cheese and Peter Piper Pizza can enjoy special savings on travel, electronics, sporting goods, cell phones, movie tickets, and more.
This fall, the company will be welcoming a new season of interns across its departments at its corporate Support Center in Irving, Texas. The company's internship program provides meaningful real work experience in various disciplines including Information Technology, Legal, Marketing, Media & Licensing, Entertainment, Human Resources, Operations, and Publicity. Since launching in 2021, the company has hired on five full-time employees from its professional internship program.
CEC Entertainment, LLC. is the nationally recognized leader in family entertainment and dining with its Chuck E. Cheese, Peter Piper Pizza brands and virtual kitchen concept, Pasqually's Pizza & Wings. As the place where a million happy birthdays are celebrated every year, the goal of Chuck E. Cheese is to create positive, lifelong memories for families through fun, food, and play and is the place Where A Kid Can Be A Kid®. Committed to providing a fun, safe environment, Chuck E. Cheese helps protect families through industry-leading programs such as Kid Check®. As a strong advocate for its local communities, Chuck E. Cheese has donated more than $19 million to schools through its fundraising programs. Peter Piper Pizza features dining, entertainment and carryout with a neighborhood pizzeria feel and "pizza made fresh, families made happy" culture. The Company and its franchisees operate a system of nearly 600 Chuck E. Cheese and more than 120 Peter Piper Pizza venues, with locations in 47 states and 17 foreign countries and territories. For more information, visit chuckecheese.com, pasquallyspizza.com, and peterpiperpizza.com.
For questions, please contact:
Alejandra Brady
CEC Entertainment
alejandra.brady@cecentertainment.com
972-504-1320
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SOURCE CEC Entertainment, LLC | https://www.whsv.com/prnewswire/2022/08/23/chuck-e-cheese-hire-1800-employees-support-national-halloween-season-event-boo-tacular/ | 2022-08-23T13:21:42Z |
TULSA, Okla., Aug. 23, 2022 /PRNewswire/ -- ClearSign Technologies Corporation (Nasdaq: CLIR) ("ClearSign" or the "Company"), an emerging leader in industrial combustion and sensing technologies that improve energy, operational efficiency and safety while dramatically reducing emissions, today announces the sale of a ClearSign Core™ enclosed oxidizer for installation in a pilot scale hydrogen production plant. The Canadian customer is developing a breakthrough technology for the production of clean hydrogen.
"We are happy to have been chosen for this cutting edge project," said Jim Deller, Ph.D., Chief Executive Officer of ClearSign. "The inclusion of our ultra low emissions enclosed oxidizer into new hydrogen energy technology demonstrates a commitment to both low carbon and low pollution initiatives on the part of our client. We are grateful for this installation, and the exposure we anticipate it will provide for ClearSign and our products, and look forward to the wider deployment of this new hydrogen producing technology."
About ClearSign Technologies Corporation
ClearSign Technologies Corporation designs and develops products and technologies for the purpose of improving key performance characteristics of industrial and commercial systems, including operational performance, energy efficiency, emission reduction, safety and overall cost-effectiveness. Our patented technologies, embedded in established OEM products as ClearSign Core™, and ClearSign Eye™ and other sensing configurations, enhance the performance of combustion systems and fuel safety systems in a broad range of markets, including the energy (upstream oil production and down-stream refining), commercial/industrial boiler, chemical, petrochemical, transport and power industries. For more information, please visit www.clearsign.com.
Cautionary note on forward-looking statements
All statements in this press release that are not based on historical fact are "forward-looking statements." You can find many (but not all) of these statements by looking for words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "would," "should," "could," "may," "will" or other similar expressions. While management has based any forward-looking statements included in this press release on its current expectations on the Company's strategy, plans, intentions, performance, or future occurrences or results, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. Such risks, uncertainties and other factors include, but are not limited to, general business and economic conditions, the performance of management and our employees, our ability to obtain financing, competition, whether our technology will be accepted and adopted and other factors identified in our Annual Report on Form 10-K filed with the Securities and Exchange Commission and available at www.sec.gov and other factors that are detailed in our periodic and current reports available for review at www.sec.gov. Furthermore, the Company operates in a competitive environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. The Company disclaims any intention to, and, except as may be required by law, undertake no obligation to, update or revise forward-looking statements to reflect events or circumstances that subsequently occur or of which the Company hereafter becomes aware.
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SOURCE ClearSign Technologies Corporation | https://www.whsv.com/prnewswire/2022/08/23/clearsign-technologies-corporation-announces-enclosed-oxidizer-sale-canada-based-hydrogen-technology-production-company/ | 2022-08-23T13:21:49Z |
LOS ANGELES, Aug. 23, 2022 /PRNewswire/ -- Clubhouse Media Group, Inc. (OTCMKTS: CMGR) ("CMGR"), an influencer-based social media firm and digital talent management agency, announced that they have finalized multiple brand promotional deals with NFL stars Brandon Jacobs, Ty Law, and Adam "Pacman" Jones. Brandon Jacobs was a two-time Super Bowl champion running back who spent a majority of his career with the New York Giants. Ty Law was a three-time Super Bowl winning cornerback with the New England Patriots and a five-time overall Pro Bowl selection. Adam "Pacman" Jones played for the Cincinnati Bengals for a majority of his career. During his NFL career he was a Pro Bowl selection and made the All-Rookie Team.
"The list of NFL stars we have closed deals with continues to grow" said Amir Ben-Yohanan, CEO of CMGR. "The sales team is working very hard to continue this momentum. I'm pleased with the results thus far. Both the volume and caliber of deals is very encouraging."
CMGR offers management, production, and deal-making services to its handpicked influencers, a management division for individual influencer clients, and an investment arm for joint ventures and acquisitions for companies in the social media influencer space.
Follow CMGR on Twitter: https://twitter.com/ClubhouseCMGR
FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements". Forward-looking statements also may be included in other publicly available documents issued by CMGR and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance.
Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.
Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause CMGR's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited to economic conditions, changes in the laws or regulations, demand for CMGR's products and services, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Any forward-looking information provided in this release should be considered with these factors in mind. We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks described in our filings with the Securities and Exchange Commission from time to time, including our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Forms 10-Q and Current Reports on Form 8-K, which are available on the Securities and Exchange Commission's website at sec.gov. We assume no obligation to update any forward-looking statements contained in this press release.
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SOURCE Clubhouse Media Group, Inc. | https://www.whsv.com/prnewswire/2022/08/23/clubhouse-media-group-inc-closes-promo-deals-with-nfl-stars-brandon-jacobs-ty-law-adam-pacman-jones/ | 2022-08-23T13:21:56Z |
NEW YORK, Aug. 23, 2022 /PRNewswire/ -- Color Star Technology Co., Ltd. (Nasdaq: CSCW) ("Color Star" or the "Company"), an entertainment technology company with a global network that focuses on the application of technology and artificial intelligence in the entertainment industry, today announces that it has formed a strategic partnership together with Emirates Travellers' Festival and has held a grand ceremony in Dubai. The event was attended by international leaders from all walks of life, including Awad Mohammed bin Sheikh Mujrin, a member of the Royal Family, and the Korean ambassador to the United Arab Emirates, etc., which made the event a great success.
It is reported that on the day of the event, Mr. Farhan Qadir, the CEO of Color Star, showed his great hospitality to every guest, and also introduced Color Star and the Color World Metaverse software in detail. Muhammad Ahmed Khan, the person in charge of Color Star's technical team introduced the R&D and contents of the Color World Metaverse on stage, and explained the planning and designs of the software one by one, which made the guests feel the strength and professionalism of Color Star. Mr. Qadir said: "As the CEO of Color Star, I am very happy to be able to experience the charm of our metaverse software with everyone here. Under the challenging global business environment, the combination of artificial intelligence and entertainment allows the Company to fully utilize its resource advantages, create a global celebrity entertainment platform, experience the charm of technology in three dimensions, and make more people willing to spend time staying in the world of color, which is very difficult and requires our technical team to be even more excellent and hardworking. So, for the achievement now, I am very thankful for the team's efforts, and as the CEO, I will also be putting more of my business experience and resources into the Company in order to deepen and develop more virtual scenes, NFTs, etc., so that Color Star can occupy the forefront of the technology entertainment world faster and more steadily. I will also give 100% effort to work side by side with my team to make Color World Metaverse better and more comprehensive, and also try to guarantee our market value to increase steadily all the way so that our partners and stockholders can reap more business value."
The partnership between Color Star and Emirates Travellers' Festival was the focus of the day's event. Everyone is also very interested in the future collaborations between the two sides. Next, Emirates Travellers' Festival will be entering the metaverse. The Color Star team will not only design and build the world's first metaverse headquarters for the Company, but also work on more metaverse-related collaborative projects.
The main core of the Color World Metaverse platform lies in artificial intelligence and celebrity entertainment, with a goal to change life through technology. And as such, Color Star will introduce to the world a new unique business model and profit point. Founded in 2012, Emirates Travellers' Festival is the world's largest gathering of travelers and explorers. After partnering with Color Star, the two companies will cooperate not only in travel but also in other businesses, both physical and online.
Color World Metaverse has now successfully attracted many established international enterprises to join its platform and have a corporate headquarters in the metaverse built for them. This has become the biggest feature and highlight of the Color World metaverse. At the same time, the team is actively enriching the contents of the software and introducing the combination of physical and digital products into each enterprise's metaverse headquarters. After logging in, members of the metaverse may choose to consume, shop, or experience all the other entertainment features, all of which will be greatly improved upon to meet everyone's entertainment needs. Moreover, Color Star's aim for its software is very clear: Color World Metaverse has the digital economy as its business focus, so that the business enterprises and users in the metaverse can both benefit from each other. Enterprises rely on individual users for brand digital marketing, while users rely on enterprises to offer a personalized targeted marketing to form a closed-loop chain, which is what Color Star hopes to see, and will undoubtedly become a major selling point in promoting the metaverse. Color World Metaverse is already available on all major app stores. Users can search the name to download the app immediately.
Forward-Looking Statement
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantee of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development, including the development of the metaverse project; product and service demand and acceptance; changes in technology; economic conditions; the growth of the educational and training services market internationally where CSCW conducts its business; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof unless required by applicable laws, regulations or rules.
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SOURCE Color Star Technology Co., Ltd. | https://www.whsv.com/prnewswire/2022/08/23/color-star-technology-emirates-travellers-festival-form-partnership-with-international-political-business-leaders-attendance/ | 2022-08-23T13:22:03Z |
Tuesday is the primary for governor to see which Democrat, Charlie Crist or Nikki Fried, will face Republican Gov. Ron DeSantis this fall. Christ was elected governor in 2006 as a Republican.
Copyright 2022 WUSF Public Media - WUSF 89.7
Tuesday is the primary for governor to see which Democrat, Charlie Crist or Nikki Fried, will face Republican Gov. Ron DeSantis this fall. Christ was elected governor in 2006 as a Republican.
Copyright 2022 WUSF Public Media - WUSF 89.7 | https://www.wyomingpublicmedia.org/2022-08-23/2-democrats-compete-for-the-chance-to-unseat-florida-gov-desantis-in-november | 2022-08-23T13:22:05Z |
Company Recognized Among 14 Peer Vendors in the 2022 Report
TINTON FALLS, N.J., Aug. 23, 2022 /PRNewswire/ -- Commvault, a global enterprise leader in cloud data management, today announced that Gartner, a company that delivers actionable, objective insight to executives and their teams, has given it the highest Product Score across all three use cases in the 2022 Critical Capabilities report: Data Center Environments (4.23/5), cloud environments (4.18/5), and edge environments (4.22/5).1
Commvault Complete Backup & Recovery scored highest in all three use cases evaluated in this research. Commvault was also recently named a Leader in the 2022 Gartner Magic Quadrant™ for Enterprise Backup and Recovery Software Solutions, here Commvault has been positioned for its "Ability to Execute" and "Completeness of Vision."2
"Customers need to protect their data across multiple clouds, data center and edge. In our opinion Commvault has the only solution that delivers the best protection across all these environments. We think our highest scores across all three use cases in Gartner Critical Capabilities report further validates our product," said Ranga Rajagopalan, VP of Products, Commvault. "As a Leader in Gartner Magic Quadrant, we feel customers can count on Commvault's continued innovation to solve their most complex data management challenges."
We believe scoring the highest across all three Use Cases for three consecutive years speaks to Commvault's commitment to innovation in protecting, managing, and securing today's broadest range of workloads for on-prem, edge, and multi-cloud environments.
Commvault's software and its Metallic SaaS solutions, can ensure data is protected and recoverable wherever it lives and however the customer wants it managed – as software, SaaS-delivered, an integrated appliance, or through a member of Commvault's expansive partner ecosystem.
To read the 2022 Gartner Critical Capabilities for Enterprise Backup and Recovery Software Solutions and the latest Gartner Magic Quadrant for Enterprise Backup and Recovery Software Solutions report, visit: https://www.commvault.com/itleaders.
Gartner Disclaimer:
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. GARTNER and Magic Quadrant are registered trademarks and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.
About Commvault
Commvault (NASDAQ: CVLT) is a global leader in data management. Our Intelligent Data Services help your organization do amazing things with your data by transforming how you protect, store, and use it. We provide a simple and unified Data Management Platform that spans all your data – regardless of where it lives (on-premises, hybrid, or multi-cloud) from legacy to modern workloads). Commvault solutions are available through any combination of software subscriptions, integrated appliances, partner-managed, or Software-as-a-Service via our Metallic portfolio. Over 25 years, more than 100,000 customers have relied on Commvault to keep their data secure, assessable, and ready to drive business growth. Learn more at www.Commvault.com or follow us @Commvault.
1 Gartner, "Gartner® Critical Capabilities for Enterprise Backup and Recovery Software Solutions" [Michael Hoeck, Nik Simpson, Jerry Rozeman, Jason Donham, August 22, 2022
2 Gartner, "Magic Quadrant for Enterprise Backup and Recovery Software Solutions" [Michael Hoeck, Nik Simpson, Jerry Rozeman, Jason Donham, August 1, 2022
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SOURCE Commvault | https://www.whsv.com/prnewswire/2022/08/23/commvault-receives-highest-product-scores-three-out-three-use-cases-2022-gartner-critical-capabilities-enterprise-backup-recovery-software-solutions/ | 2022-08-23T13:22:09Z |
Isabella Payne used her father's ham radio to talk to astronaut Kjell Lindgren aboard the International Space Station. Her dad had been listening for weeks to Lindgren use his amateur radio equipment.
Copyright 2022 NPR
Isabella Payne used her father's ham radio to talk to astronaut Kjell Lindgren aboard the International Space Station. Her dad had been listening for weeks to Lindgren use his amateur radio equipment.
Copyright 2022 NPR | https://www.wyomingpublicmedia.org/2022-08-23/8-year-old-girl-in-kent-england-has-an-out-of-this-world-story-to-tell-her-friends | 2022-08-23T13:22:11Z |
2,500 respondents show range of opinions on COVID-19 risk, vaccines, treatments and mandates
NEW YORK, Aug 23, 2022 /PRNewswire/ -- As the nation follows new CDC recommendations to relax COVID-19 restrictions, a new survey of 2,500 New Yorkers conducted by the CUNY Graduate School of Public Health and Health Policy (CUNY SPH) revealed clear differences among the boroughs in vaccine and booster uptake, childhood vaccination, treatment when sick and general trust in the safety and effectiveness of the vaccine. The range of full vaccine and booster coverage across the five boroughs was 60% in Manhattan to 34% in the Bronx, with Queens at 55%, Staten Island at 47%, and Brooklyn at 42%.
"These survey findings help us to examine the blind spots within our communities regarding the continued risks of COVID-19 exposure and need for vigilance in protection," says Dr. Ayman El-Mohandes, Dean of CUNY SPH. "With recent guidelines of the CDC loosening requirements for COVID-19 quarantining and isolation, more responsibility has been placed on the shoulders of individuals to make better choices for themselves and their families. We as public health advocates must double down on education about testing, prevention and treatment for those at high risk."
The survey showed adherence to protective measures among most New Yorkers, even amidst general COVID-19 fatigue. The majority of respondents (86%) have received at least one dose of the vaccine, and 60% have had their children vaccinated. Respondents also supported public health initiatives such as vaccine mandates among employers (66%), schools (62%), indoor activities (63%) and international travel (71%). Three-quarters (74%) of New Yorkers stated they would prefer to rely on the vaccine alone or combine it with treatment if they become ill.
Yet when asking about their beliefs, the survey showed pockets of resistance. Only 66% of Staten Islanders agreed that the risks of COVID-19 are greater than the risks of the vaccine. This compared to 76% of respondents in Manhattan, followed by Queens at 75%, Brooklyn at 72% and the Bronx at 70%.
When asked if they trust the science behind COVID-19 vaccines, respondents from Manhattan led the affirmation at 78%, in stark contrast with those from Staten Island at 61%. Falling in between were Queens at 73%, the Bronx at 68% and Brooklyn at 66%.
Furthermore, there remains a gap over the safety of the vaccine: 82% of Manhattanites believe in it, compared with only 72% in Staten Island and 71% in Brooklyn.
When it comes to taking action through vaccine uptake or future treatment plans, the survey also showed a significant difference among boroughs:
- 69% of parents in Manhattan have had a child vaccinated, compared to 55% in the Bronx.
- Queens respondents were most likely to consider both vaccination and treatment (80%) as preferred interventions, while Staten Island residents were least likely to accept both (66%).
Read the full release here.
Media Contact:
Ariana Costakes
Communications Editorial Manager
ariana.costakes@sph.cuny.edu
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SOURCE CUNY SPH | https://www.whsv.com/prnewswire/2022/08/23/covid-behaviors-attitudes-vary-among-nyc-boroughs-cuny-sph-survey-finds/ | 2022-08-23T13:22:16Z |
NPR's Rachel Martin talks to former Florida Republican Rep. David Jolly, who's an analyst for NBC, about the rise of Gov. Ron DeSantis to become a potential presidential candidate.
Copyright 2022 NPR
NPR's Rachel Martin talks to former Florida Republican Rep. David Jolly, who's an analyst for NBC, about the rise of Gov. Ron DeSantis to become a potential presidential candidate.
Copyright 2022 NPR | https://www.wyomingpublicmedia.org/2022-08-23/gov-desantis-is-seen-as-an-heir-to-trumpism-strategist-david-jolly-says | 2022-08-23T13:22:18Z |
SAN FRANCISCO, Aug. 23, 2022 /PRNewswire/ -- Curebase, a company committed to democratizing access to clinical studies, has named veteran clinical research executive Sean Lynch as vice president of clinical operations.
To download a headshot of Lynch, click here.
Curebase's decentralized clinical trial (DCT) model ensures more diverse studies because unique populations – which typically are underrepresented in clinical trials – can be included. The company's platform empowers sponsors, CROs, and physicians from practices of all sizes to conduct clinical research, including private practices, independent clinics, and large academic research sites. The addition of Lynch will allow Curebase to further advance these clinical relationships and help to build a stronger clinical research industry.
"Sean is an experienced clinical trial professional with a strong business development background, which makes him ideal to lead our clinical operations," said Tom Lemberg, founder and chief executive officer of Curebase. "His ability to organize and motivate clinical trial teams and his project management training will drive growth for the company while opening up opportunities for more people to participate in medical research."
Prior to joining Curebase, Lynch was senior director of clinical project management at biotechnology research company TrialSpark. He also served as senior director of global sales and senior project manager at clinical research organization (CRO), Syntactz. He worked for nearly seven years at healthcare IT and clinical research company Quintile (now IQVIA) as senior clinical data team lead and data manager.
"The clinical trial process is broken," said Lynch. "Only two out of every 100 Americans have ever participated in a clinical trial. That's why Curebase's mission to enable any patient anywhere to participate in a clinical trial is so inspiring."
Lynch earned a postgraduate diploma in clinical trials from the London School of Hygiene and Tropical Medicine, University of London, and a bachelor's degree in genetics at University College Cork in Ireland.
At Curebase, our mission is to bring quality medical innovations to patients faster and improve human wellbeing through more efficient clinical studies. We are proving that clinical research can be radically accelerated if we empower physicians everywhere to enroll patients in the communities where they live. By applying cutting edge clinical software and remote study management techniques to the problem, we are reinventing clinical trials and research from the ground up. For more information, please visit www.curebase.com.
Media Contacts:
Shawn Malloy
media@curebase.com
315-882-5310
Adam Beeson
Amendola Communications (for Curebase)
847-867-0048
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SOURCE Curebase | https://www.whsv.com/prnewswire/2022/08/23/curebase-names-medical-research-veteran-sean-lynch-vp-clinical-operations/ | 2022-08-23T13:22:22Z |
Infusing the Highest-Quality, Authentic Mexican Tequila with Locally Grown Habanero Peppers Delivers a Spice Bomb of Flavor and Heat
SAN FRANCISCO, Aug. 23, 2022 /PRNewswire/ -- Spice lovers rejoice. As hot and spicy flavor profiles continue to grip American palates, San Francisco's Hotaling & Co. is officially launching an all-new artisanal agave spirit – Fiero Habanero Tequila – to meet the opportunity for spice-forward spirits. The spiciest infused tequila now available in the U.S., Fiero is naturally infused with fresh, vine-ripened habanero peppers from local Jalisco farmer's markets. Forty times spicier than Jalapeno peppers on the Scoville Heat Scale, Fiero Habanero Tequila will heat up home bars and back bars with its flaming agave kick.
Named for fearlessness and bravery, Fiero brings two signature Mexican flavors to life.
Unapologetically spicy, Fiero Habanero Tequila infuses authentic Mexican tequila with hand-picked habanero peppers to expertly amplify tequila's natural kick. The habanero infusion provides a flaming hot flavor- making it the perfect challenge shot or the key ingredient to a spicy margarita that will have revelers going back for more. A perfect accompaniment with street tacos, pozole or guacamole, Fiero's daring heat takes the flavors of Mexican dishes to the next level.
"Spicy foods continue to rise in popularity, as is a thirst for high-quality tequila," says Brian Radics, Chief Marketing Officer at Hotaling & Co. "With its authentic Mexican heritage and groundbreaking heat, Fiero Habanero Tequila speaks to two popular trends in U.S. dining and bar culture – the hunt for heat and the thirst for top-quality agave spirits."
Fiero Habanero Tequila is distilled by Casa Don Roberto, one of the only two remaining multi-generational Mexican families whose ancestors helped propel the tequila industry to its global phenomenon status. This unique heritage and history were crucial in producing a spirit that perfectly balances quality, flavor and heat. Each agave is expertly harvested – handpicked at its peak by jimadores ("agave farmers") and slow roasted in special ovens for three days.
Once the distillation process begins, Casa Don Roberto Master Distiller Estella Anguiano – the first woman to hold the title in Mexico – removes the first and last batches of the distillate – delivering a premium white tequila that is then infused with fresh habanero peppers for three days before being filtered one last time. The result: a pristine and spicy agave spirit worthy of the Mexican tequila imprimatur.
Available as a 750 ml with an SRP of $29.99, you can now find Fiero Habanero Tequila near you. Use Hotaling & Co.'s product finder tool to find it at major retailers nationwide or order it online through ReserveBar.com.
Give your palate a kick with the Fiero Flaming Cocktail.
How to Prepare the Fiero Flaming Cocktail:
- 2 Ounces Fiero Habanero Tequila
- .75 Ounce Orange Juice
- .25 Ounce Lime Juice
- .5 Ounce Cinnamon Syrup
- .25 Ounce Luxardo Amaro Abano
Add all ingredients to a shaker with ice and shake. Pour over ice and garnish with tahin dusted sliced habaneros and flaming orange
Please find media images HERE.
For more information, please visit HotalingandCo.com or FieroTequila.com. Follow Fiero on Instagram @FieroTequila.
Hotaling & Co., the leading San Francisco distiller & importer, creates, curates, and builds artisanal brands of unmatched character and quality. Hotaling & Co., originally named Anchor Distilling Company, was established in 1993 and is credited with releasing America's first craft whiskey (Old Potrero) and American craft gin (Junipero Gin) after Prohibition. In 2010, Anchor Distilling Company was sold to a business partnership that included Tony Foglio and London's oldest wine and spirit merchant, Berry Bros. & Rudd and began expanding to incorporate a collection of super-premium artisanal spirits imported from around the world. In 2017, Anchor Distilling became Hotaling & Co. The new name is a nod to one of Anchor Distilling's most beloved small batch whiskies (Old Potrero Hotaling's Whiskey) and to the San Francisco legend A.P. Hotaling, who came out West during the Gold Rush and quickly became one of the most reputable spirits dealers in the country. Today, Hotaling & Co. celebrates exciting growth and achievements; marking its 29th year of distilling and its 12th year of commercially uniting likeminded distillers from around the world to share the passion and raise the bar.
Hotaling & Co.'s portfolio includes Luxardo Liqueurs & Cherries, Nikka Whisky, Junipero Gin, HINE Cognac, Convite Mezcal, Kavalan Whisky, Denizen Rum, HIRSCH Selected Whiskeys, Writers' Tears Whiskey, Old Pulteney Whisky, Speyburn Whisky, Balblair Whisky, Arran Whisky, Old Potrero Rye Whiskey, and more. Visit www.HotalingandCo.com for a full list of brands.
Media Contacts:
Karla Orduna, Access Brand Communications
karlao@accesstheagency.com, 614.707.8282
Jordan Parker, Hotaling & Co.
jparker@hotalingandco.com, 415.747.4787
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SOURCE Hotaling | https://www.whsv.com/prnewswire/2022/08/23/debut-fiero-habanero-tequila-marks-release-spiciest-infused-tequila-market/ | 2022-08-23T13:22:29Z |
CIOs Level Up Digital Offerings to Meet Demand for Consumers' Post-Covid Preferences;
Remote Tech Job Postings Fuel Competition for Tech Talent Nationwide
CENTENNIAL, Colo., Aug. 23, 2022 /PRNewswire/ -- Job postings for tech-focused roles across the economy are up 45% from January to June 2022 and up 52% compared to the same period in 2021, according to the newly released Tech Job Report from career marketplace Dice, a DHI Group, Inc. (DHX: NYSE) brand.
The overall job market for technology professionals continues to expand as organizations develop and advance their digital infrastructure to meet consumers' increasing post-Covid demand for digital access to goods and services, despite the headlines of layoffs and hiring freezes at tech-focused companies.
Dice's findings show a technologist hiring spree this spring: up 44% from April to May 2022 and up 89% from May 2021 to May 2022. While there was a drop of 17% from May to June 2022, this downward trend is in line with traditional summer seasonality seen in tech job postings.
Further supporting the expanding job market for technology professionals, there were 60% more job postings in June 2022 compared to June 2021. The numbers tell the same story of tech job market health in comparison to pre-pandemic, with June 2022 postings up 53% vs. June 2019.
While the continued strength of the tech job market may come as a surprise to some, the results are due to what appears to be a renaissance for tech talent hiring across the nation. Companies may be taking note of consumers' "new normal" regarding their preferences for digital options sparked by work-from-home pandemic living. These new lifestyle preferences, coupled with remote job opportunities across the country, have created a bidding war for tech talent among companies in a wide range of industries to stay competitive in attracting technologists who will lead their digital transformation.
"Our Tech Job Report shows continued strength in the tech hiring market, with job postings increasing throughout the first half of the year across banking, education, healthcare and a range of other critical sectors," said Art Zeile, CEO of Dice. "The recent wave of layoffs and hiring freezes in tech-focused organizations has not slowed down the overall demand for technologists. Moreover, we believe that current demand exceeds the available supply of unemployed technologists by at least two times."
Of the top 50 employers of tech talent in the first half of 2022, 96% increased hiring year over year. Amazon, Apple and Google remain frontrunners as top hiring employers of tech talent, but there were also some newcomers to the list in the first half of 2022.
Employers with non-tech core business models, such as manufacturing, financial services, retail and hospitality are hiring at an increasing rate. Companies including Disney, Capital One, Humana, Anthem Blue Cross, Bank of America, Deloitte, Lockheed Martin, UnitedHealth Group, Pearson, and many other non-tech companies are all recruiting technologists in growing numbers.
"The pandemic spurred a shift in consumer behavior, with a high priority placed on remote access and flexibility," Zeile said. "We're seeing continued growth in tech postings for organizations that are now doubling down on their digital transformation. This surge in demand for talent to build infrastructure, enhance cybersecurity and bring organizations to the cloud, coupled with the ability to work remotely, offers a landscape of uncharted flexibility and opportunity for technologists coast to coast."
Job postings from the first half of 2022 reflected demand for tech talent across the country as 90% of states experienced year-over-year growth for tech roles compared to the first half of 2021.
Technologists' preference for remote and hybrid work persists and is propelling emerging tech hubs to the top of the lists of cities and states attracting talent. While traditional hubs such as New York City, Silicon Valley, and Austin continue to thrive, cities that have been investing in their tech scene for some time are showing unprecedented growth for tech roles.
Notable Emerging Tech Hubs include:
- San Antonio grew 80% in 2022, compared to the first half of 2021
- Miami grew 104% in 2022, compared to the first half of 2021
- Minneapolis grew 48% in 2022, compared to the first half of 2021
Relative to in-demand skills, employers are taking a holistic approach, targeting talent who can guide projects from inception to completion. There is also a growing need for tech positions with management skills and infrastructure knowledge. These skills are increasingly becoming key for employers, as it allows them to continue developing critical tech infrastructure for their businesses. As more projects are executed in the cloud, cloud computing has enjoyed the strongest year-over-year growth in job postings (162%). Demand for Master Data Engineers increased 305% when comparing the first half of 2022 to the first half of 2021.
Growth of technology is a key driver of the growth of an economy, and when we look at the big picture for the U.S. tech job market, it's clear that demand for tech roles continues to increase. To dive deeper into Dice's latest Tech Job Report, read the full report here.
To present the insights in this report, Dice used job posting data provided by Dice's partner, Lightcast (formerly known as Emsi Burning Glass), which has a database of more than 1 billion current and historical job postings worldwide. Dice pulled data on July 6, 2022 and analyzed over 3 million tech job postings in the U.S. to gather our specific dataset, which Dice then filtered for "Information Technology" jobs that fall under "Full Time," "Part Time" and "Flexible Hours." Dice gathered the list of top employers in the "Employers" section by using the above criteria, with an additional filter for job postings that only derive from employer sites. The information in this report is a snapshot of tech job posting data as of July 6, 2022, and backward revisions to prior month's data may occur from the sources used in this report.
Dice is a leading tech career hub connecting employers with skilled technology professionals and providing tech professionals with career opportunities, data, insights and advice. Established in 1990, Dice began as one of the first career sites and today provides a comprehensive suite of recruiting solutions, empowering companies and recruiters to make informed hiring decisions. Dice serves multiple markets throughout North America. Dice is a DHI Group, Inc. (NYSE:DHX) brand.
Media Contact
Mari Shirley
dicemedia@dice.com
(303) 267-4602 x664602
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SOURCE DHI Group, Inc. | https://www.whsv.com/prnewswire/2022/08/23/demand-tech-talent-across-range-industries-continues-gain-momentum-job-postings-increase-45-january-june-2022/ | 2022-08-23T13:22:36Z |
FinancialNewsMedia.com News Commentary
Palm Beach, FL, Aug. 23, 2022 /PRNewswire/ -- The COVID-19 pandemic has actually caused certain markets to thrive, in fact it had a positive impact on the e-learning industry revenue. The growing employee safety concerns have encouraged corporates to implement work-from-home practices to continue daily operational activities. This has created barriers for companies in terms of training, communication, monitoring progress, and upskilling, supporting the demand for e-learning platforms among large enterprises and SMEs. To cater to the growing demand, several companies are focusing on developing customized learning solutions. For instance, in April 2021, LinkedIn Corporation announced its plans for an online portal designed for enterprises to provide their staff with training videos & materials on subjects such as management strategy and machine learning. A report from Global Market Insights said that the E-Learning Market size surpassed USD 315 billion in 2021 and is projected to observe 20% CAGR from 2022 to 2028. The report said: "The rising internet penetration across the globe will drive the industry growth. The expanding telecom & broadband sector has increased the accessibility to economical internet connectivity plans. According to the International Telecommunication Union (ITU) in 2021, nearly 4.9 billion individuals used the internet globally compared to 4.1 billion in 2019.With the increasing number of internet users, more people will be able to access e-learning platforms for learning courses or completing degrees." Active Tech Companies in the markets today include: Amesite Inc. (NASDAQ: AMST), PowerSchool (NYSE: PWSC), Nerdy Inc. (NYSE: NRDY), Duolingo, Inc. (NASDAQ: DUOL), Coursera (NYSE: COUR).
Global Market Insights continued: "The education sector is evolving globally, creating growth opportunities for the e-learning market. Several education institutes, are transitioning to an online higher education curriculum to support students in completing their degrees. E-learning platforms for higher education have helped overseas students in completing their education from home, saving time and money. In addition, it offers flexible learning options, a dynamic learning process, and seamlessly tracking of progress. It concluded: "The North America e-learning market size valued at USD 120 billion in 2021 and will grow steadily through 2028 due to increasing investments in the IT infrastructure. For instance, in November 2021, the U.S. government passed the Bipartisan Infrastructure Law, an Infrastructure Investment & Jobs Act. Under this act, authorities have allocated nearly USD 65 billion to ensure that the American population has access to reliable high-speed internet. The robust cloud computing industry attributed to the presence of players, such as Microsoft Corporation, Amazon Web Services, and IBM Corporation, will boost the cloud-based e-learning demand."
Amesite Inc. (NASDAQ: AMST) BREAKING NEWS: Amesite Announces Partnership with Central Michigan University to Deliver a Complete Upskilling Solution - Amesite Inc., a leading artificial intelligence software company offering a cloud-based learning platform and content creation services for business, university, non-profit, and government agency learning and upskilling, announces it has partnered with Central Michigan University (CMU) to deliver a complete Enterprise Learning Community EnvironmentÒ (LCESM).
CMU's LCESM will deliver everything from first outreach in marketing to learner enrollment to certificates of completion – in one streamlined system – allowing CMU to expand partnerships with business, industry, and community organizations to identify and address employee skill gaps, as well as support upskilling needs of their expansive alumni market. The best-in-class, AI-powered LCESM will have vast capabilities including an online content system and payment solution – all accessible from the CMU website.
Dr. Elizabeth Kirby, Vice President of Innovation and Online at Central Michigan University stated, "CMU has been a leader in distance education and online learning for more than 50 years and continues to adapt to emerging trends to meet student needs. Amesite was the obvious choice in terms of technology and services. Their sophisticated LCESM delivers the power and ease of use we require to reach hundreds of thousands of learners around the world." Darcie Wilson, CMU's Executive Director of Innovation and Portfolio Management added, "We are thrilled to partner with Amesite to execute this massive transition to a complete digitalized learning experience. This partnership is just the beginning for CMU as we expand non-credit courses, training, and workshops to meet the needs of adult learners seeking to upskill or reskill throughout their careers. We trust Amesite's ability to quickly scale and provide the outstanding experience the University needs for its learners."
- The global Higher Education Market is expected to reach $169.72B by 2028
- There are more than 65,000 medium and large companies with over 250 employees in the U.S.
- Michigan has a goal to increase the number of working-age adults with a skill certificate or college degree from 49% today to 60% by 2030
Amesite Founder & CEO, Dr. Ann Marie Sastry commented, "We built our V5 platform to meet partnership needs and expectations of this magnitude and scale. Our solution now solves problems out-of-the-box for Higher Education institutions, Museums, and Businesses – and ultimately positions us to win business that is sustainable and repeatable. We are grateful for this partnership with Central Michigan University and look forward to helping them and many other organizations make a great impact globally using our eLearning platform." CONTINUED… Read this full release for Amesite at: https://ir.amesite.com/
Other recent developments in the tech industry include:
PowerSchool (NYSE: PWSC), the leading provider of cloud-based software for K-12 education in North America, recently announced School of Dreams Academy (SODA) in Los Lunas, New Mexico added PowerSchool Unified Talent™, PowerSchool Unified Classroom® Special Programs, and PowerSchool Ecollect Forms, to its existing PowerSchool solutions. SODA is expanding its system of unified solutions to enhance instruction and learning after utilizing PowerSchool Student Information System (SIS), Naviance by PowerSchool, and PowerSchool Enrollment for years.
"Having reliable data allows us to make critical decisions in budgeting, talent acquisition, and educational programming," said Paul Howard, Special Services Director, School of Dreams Academy. "PowerSchool has created accountability, greater access, and more learning across our academy. We went from printing out PDFs and spreadsheets that we put into binders, to having our forms sent out instantly. With PowerSchool solutions the school district has become more proactive, and our reaction time has increased tremendously."
Nerdy Inc. (NYSE: NRDY), developer of Varsity Tutors, the popular online tutoring platform used by students from elementary school through college and adulthood, recently announced that it is adding immersive coding classes to its fast-growing library of academic and enrichment programs. The acquisition of Codeverse, an award-winning creative online platform where kids build apps and games with real code, will enable Nerdy to meet the growing demand for computer science and coding education with consumers and in schools.
Varsity Tutors is adding immersive coding classes to its fast-growing library of academic and enrichment programs through the acquisition of Codeverse, an award-winning creative online platform where kids build apps and games with real code.
Duolingo, Inc. (NASDAQ: DUOL), the world's leading mobile learning platform, recently announced results for the second quarter ended June 30, 2022 in a shareholder letter that is posted at investors.duolingo.com.
"Our second quarter results exceeded expectations, driven by accelerating user growth and strength across our entire business," said Luis von Ahn, Co-Founder and CEO of Duolingo. "I'm very proud that we delivered over 50% growth in bookings and revenue from the prior year quarter, despite a challenging macroeconomic environment. We see this growth as a result of our relentless focus on constant product improvement. Through continuous experimentation, we are driving organic growth, deeper user engagement, and stronger free-to-paid user conversion."
Coursera (NYSE: COUR), one of the world's largest online learning platforms and Skillsoft, a leading platform for transformative learning experiences, recently announced a new integration partnership with . The integration will enable the companies' joint customers to access Coursera for Business' more than 5,000 courses, 300 SkillSets, and 10,000 bite-sized Clipsdirectly within Skillsoft Percipio, creating an immersive and seamless skilling experience and reducing the need for multiple learning platforms in the enterprise.
Recent research conducted by Skillsoft and IDG found that 83 percent of decision-makers have identified training and development as a critical priority within their organization. However, when selecting a learning partner, the same respondents noted challenges with finding training programs that are comprehensive enough for all of their requirements and needing deeper learning libraries applicable for the entire organization. Blending premium, original content and a broad ecosystem of learning partner content, which now includes Coursera, Skillsoft provides access to the right curricula wherever skill development is needed and across all modalities learners seek to engage via a single, unified platform.
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SOURCE Financialnewsmedia.com | https://www.whsv.com/prnewswire/2022/08/23/e-learning-market-size-surpassed-315-billion-2021-projected-hit-20-cagr-2022-2028/ | 2022-08-23T13:22:42Z |
BEIJING, Aug. 23, 2022 /PRNewswire/ -- MioTech has made an analysis of Edianyun's performance on carbon emissions, and the contribution of products and services to GHG emissions and environmental impact. Based on Whole Life-Cycle Carbon (WLC) emissions analysis and business environment positive externality study, MioTech found that, Edianyun remanufactures more than 450,000 sets of devices per year, and its remanufacturing process can prolong the service life of devices to 2-3 times longer on average. This means Edianyun can reduce 50,000 tons of carbon dioxide emissions per year, equivalent to disposing of 141,000 tons of waste, or planting 2.7 million trees per year.
Waste generated from office devices is increasing exponentially through the development of technology and industrialization — totaling over 50 million tons globally in 2021. PCs and laptops, in use or out of service, for offices are a significant contributor to this waste. The lifespan of core computer components like memory chips, hard disks, and batteries is as short as two or three years. Moreover, due to high costs and the difficulties of maintaining these parts, many companies prefer to dispose of, sell off, or discard used electronic products — resulting in a bulk source of electronic waste.
A recyclable and green remanufacturing process is needed to "regenerate" the computers and reduce the production of electronic waste. Fortunately, some Chinese companies, such as Edianyun, have already raised consciousness about this issue and made substantial breakthroughs and progress in extending the service life of computers.
Edianyun sets new landmarks in the scale and efficiency of the remanufacturing process
Compared with traditional mass production, the challenge of the remanufacturing process lies in device identification technology and related reproduction procedures. The main reason why few large companies step into the IT device remanufacturing field is the lack of large-scale and high-efficiency production conditions and advanced renovation technologies.
As one of the earliest office IT service providers in China, Edianyun aims to address IT office pain points of SMEs and provide one-stop office IT services. By relying on more than 15 years of remanufacturing operation experience and utilizing self-developed software systems and detection hardware devices, the company has established highly productive remanufacturing plants with standardized process. As such, the company can upscale remanufacturing efficiency to a new level, while retaining the original outlook and performance of devices.
Currently, Edianyun owns the industry-leading remanufacturing capability of above 600,000 PCs per year in China. Through more than ten years accumulation of expertise and knowledge in diagnosis, maintenance, quality control, and delivery, Edianyun has transformed the nonstandard remanufacturing processes and established a set of normalized protocols. The MES system developed by Edianyun, which is similar to the dashboard system of a traditional assembly line. The system can provide step-by-step operation instructions for a standardized remanufacturing process. The engineer will replace the defective parts or require the new spare parts to be delivered to workstations through the MES system. The system will also execute an automatic check when the remanufacturing process completes to account for human errors. The MES system has the advantages of reducing dependency on a skilled workforce, saving labor costs, and improving remanufacturing efficiency.
Immense Values of Computer Remanufacturing Proven by Breaking Through Technical Bottlenecks
The skills required to repair computers are not complicated, but chip-level and mainboard maintenance is difficult for companies to master. For example, Apple prohibits dismantling the components of their notebooks individually. These products are designed to only allow the replacement of the whole assembly module. Therefore, users have limited options beyond waiting for the long repair process of the original factory for quality assurance.
To solve this problem, Edianyun has developed a series of barrier-removing technologies. The company can replace necessary parts without having to take out the entire faulty unit as traditional IT service providers do. If the screen of an Apple notebook does not function as normal, Edianyun can detect and "precisely locate" the exact parts that have problems. The repair process also has extremely strict requirements. First, there are stringent requirements for the maintenance environment. The devices are repaired in an ISO 7 clean room (Class 10,000 cleanroom). All the computer disassembly, including the backlight module, tube, and other accessory replacement, is done under this condition. This process prevents pollution from dust from entering the screen during the repairing process, which may otherwise result in unwelcomed dark spots on the screen. Next, the screen is sealed off with double-sided adhesive tape during the entirety of the dismantling process, which requires special tools and proficient engineers to prevent the screen from breaking upon servicing.
In addition to the technologies listed above, Edianyun has also developed dozens of cutting-edge remanufacturing technologies independently; and has applied for nearly 30 registered patents, including a fan component heating performance testing device, an automatic notebook power supply testing device, and a keyboard button test system and triggering device. Overcoming these computer servicing challenges allows "computer remanufacturing" to no longer be an insurmountable mountain.
By taking advantage of remanufacturing technologies, Edianyun has extended the average service life of devices from three years to seven-to-ten years. Edianyun's remanufacturing factory alleviates the production of electronic waste, resulting in the reduction of 50,000 tons of carbon emissions annually. We hope that in the future more and more companies will be able to independently solve technical roadblocks, excavate the full potential of remanufactured computers, and contribute to a low-carbon and circular economy, just like Edianyun.
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SOURCE Edianyun | https://www.whsv.com/prnewswire/2022/08/23/edianyuns-success-breaking-through-technical-bottlenecks-unveils-immense-values-remanufacturing-industry/ | 2022-08-23T13:22:49Z |
SHENZHEN, China, Aug. 23, 2022 /PRNewswire/ -- In August 2022, Cyrusher officially launched a brand new electric bike - Kuattro. This electric bicycle model has been pre-sold, and the first batch of shipments will be carried out in the first week of September. The brand team is constantly updating new models with stunning designs. As an electric bicycle company integrating production, manufacturing, and sales, it is committed to meeting customers' needs now and in the future, designing and manufacturing high-quality electric bicycles.
Cyrusher Kuattro is named after "Cuatro," which means "four" in Spanish. It has a more potent driving force than ordinary electric bicycles. It's a step-through electric bike, and even though it's taller, the step-through design is perfect for riders with limited mobility to get on and off the bike quickly. It has the benefit of a taller frame and fatter tires, making it an ideal model for taller and heavier riders.
With its bright new colors, upgraded technology, and good performance, this new e-bike will surely get excellent reviews from many riders. From the design point of view, it is the perfect combination of urban commuting and mountain style, and there is no shortage of efficient performance and fresh appearance. It's a more powerful, taller fat tire electric bike with features and components to take you across various terrain, front suspension, fatter tires, adjustable handlebar, and seat post, plus a unique frame designed for easy riding heavy duty and rough terrain with excellent stability.
Let's take a closer look at what the new power bike has been updated to make it a unique and powerful choice for stepper e-bikes.
Main Specifications
Upgraded frame: 6061 aluminum alloy full suspension frame
Upgraded brakes: Star-Union fully hydraulic 180/230mm front and rear disc brakes
Rear hub motor: Bafang motor with peak 1200W and 80Nm
Display screen: 3.7-inch LCD screen that provides you with all the information you need at the push of three buttons.
Battery: 48V, 17AH waterproof lithium battery
Charger: 54.6V, 3AH smart charger, under the standard 110V-240V A.C., the charging time is 5-7 hours.
Ride range: 25-50 miles
Bike Weight: 66 lbs
Total Payload Capacity: 330 lbs
Tires: Chaoyang 26"×4.0" puncture-resistant fat tires
Gear: Shimano 7-speed shifting system
Color: Cyan and White
Overall bike length: 76.3 inches
Minimum standing height: 34.6 inches
The main function
Frame and Design Structure
This model uses an upgraded 6061 aluminum alloy full-suspension frame, which is more robust and thicker than other frame materials because of its lightweight, high quality, and less damage. Although lightweight, it still has a payload capacity of 330 pounds. Therefore, within the load capacity, you can D.I.Y. the vehicle to increase the storage capacity of the ebike.
Associated with the frame structure are metal brackets. The spokes are made of high-quality stainless steel, and the cranks are made of 170mm forged double-sided alloy aluminum. These materials are rust-resistant, durable, extend the bracket's life, and complete customer maintenance easier and faster. And the brand offers a 2-year warranty on bike components, including the motor, controller, and frame.
The walk-in frame is not only designed with people with limited mobility in mind; its larger size and thicker fat tires mean that power-hungry riders can also choose it. Beautiful looks and explosive power will give you a brand new riding experience.
Upgraded battery
The battery of this model adopts an embedded structure and is placed in the frame. There are several benefits. First, the appearance looks more simple and fashionable, and people cannot even find it is an electric bicycle on the road. Second, compared with the external battery, the embedded battery has good protection functions such as rain, sun exposure, and anti-fouling. After all, repairing and replacing batteries is expensive, and this added protection is necessary. Third, the L.E.D. headlights and electronic horn are powered by an integrated battery and do not need to be activated according to the controller. The headlights have a brightness of 250 lumens to help you see the road ahead clearly in dark light, and the volume of the electronic horns is loud enough to enhance safety.
The battery can be completely disassembled or placed at a 45° angle when charging. It is very convenient to choose the charging method according to the situation.
The battery has a range of up to 50 miles, and the capacity is sufficient for commuting to and from the city, or anywhere you travel. 25-50 miles of range in 5-7 hours on a single charge is a note worthy point. It's lovely that the team finally settled on this battery after multiple range tests.
Suspension Design
Based on its peak power of 1200W and maximum torque of 80Nm, you can take steep roads and other rough surfaces as you wish. Enjoy nature as you go on an adventure, trek through the mountains, or camp and fish. It has fork suspension with 80mm of travel preload adjustable, which can be opened at high speeds to absorb shock from road bumps. It has attractive looks and rider comfort, all in one for added sparkle. Plus, with an adjustable handlebar and seat post, it can better adapt to different heights and provide a better riding experience.
Brake upgrade
The model uses Star-Union hydraulic disc brakes, a fully sealed waterproof and dustproof structure, and has a wide operating temperature, so you don't have to worry about the temperature affecting it when facing extreme weather. The 180mm rotor can quickly stop acceleration and sensitive response, and the function of cutting off the motor is added to improve safety. The acceleration method of the half-twist throttle is more convenient and safer, and there is no need to worry about the phenomenon of bursting out at the start. Paired with a 7-speed gear system and five pedal assists, you can customize the pedaling cadence that matches your speed. Coupled with the integrated circuit brake taillight setting, once the brakes are braked, the taillights will turn on immediately. When braking at night, it can remind people and vehicles coming and going behind, which improves the safety of riding at night.
Not only have some accessories been upgraded, but also continued the previous advantages.
Simple and clear reading interface
An easy-to-operate intelligent computer just presses three buttons. With the help of the controller and display, you can easily see battery level, speed, pedal assist level, mileage, and more. This 3.7-inch display has a simple and straightforward page and a pure black border, which is both excellent and simple and very practical. By tracking and understanding these data, you can customize the adjustment speed options and other safety settings to help make your riding more enjoyable and more convenient.
Easy to assemble
The bikes of this brand are 90% pre-assembled and come with all the tools needed for assembly, assemble the front wheel and pedals, check the status of the screws, tighten the loose nuts, follow the instructions or watch the assembly video. You can start riding in 40 minutes or less. If you have any technical problems, you can contact the brand's 24-hour online customer service or call directly. The rear frame can be fitted with racks, fenders, and racks are shipped free of charge, and you can place a pannier bag on the rear edge to increase capacity and expand storage space.
Difference Between Kuattro and Kommoda
We have an overview of the main content of the new power bike. Let's see how it differs from Kommoda.
Both are versatile, affordable fat-tire e-bikes, but the former has some upgrades that make it slightly more expensive. If you want to choose an electric bike with a new design, the former will be your ideal type.
The Cyrusher Kuattro's motor has more peak power for a more powerful speed experience. With the Kommoda, you get a peak 1000W speed power while riding. The motor on both e-bikes can give you a high-speed ride, but the new model has more peak power and is more suitable for traversing the mountains. The latter is a good choice if you have no particular criteria for speed.
Both models have a step-through structure, considering that people with reduced mobility can quickly get on and off. However, the new models will be more prominent in format and size. I hope it brings a more substantial and exciting experience to the rider and is designed for taller and heavier riders. It perfectly complements the taller models in the Cyrusher range, offering new options.
The new model uses upgraded hydraulic disc brakes with more expansive working space for more extreme riding conditions. Both brakes provide the rider with responsive, quick braking. But the new model's improved hydraulic disc brakes are bound to have some unique performance.
In the end, Cyrusher struggles to strike a balance between price and quality components. You can customize the selection according to your needs and price orientation. No matter which power bike you choose, I believe they will bring you a satisfying riding experience. You can find out on the brand's official website for more information on the new models.
UK official website: www.cyrusher.co.uk
French official website: www.cyrusher.fr
German official website: www.cyrusher.de
Phone: (800) 778-0116
Email: support@cyrusher.com
124 S 600 W Suite 102, Logan UT 84321
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SOURCE cyrusher | https://www.whsv.com/prnewswire/2022/08/23/electric-bike-cyrusher-kuattro-officially-launched-august/ | 2022-08-23T13:22:56Z |
PORTLAND, Maine, Aug. 23, 2022 /PRNewswire/ -- A groundbreaking study investigating the results of ElleVet Sciences CBD+CBDA oil and its efficacy on dogs with seizures was completed and results show a significant success. Analysis of the data show that 40% of the dogs enrolled in the study had a reduction in severity and frequency of seizures. The paper is published in Frontiers of Veterinary Medicine (https://www.frontiersin.org/articles/10.3389/fvets.2022.939966/full)
While CBD has been widely believed to have potential as an option for seizures in dogs, there have been few studies on the topic prior to this study showing efficacy in dogs.
The research team, led by Dr. Gabriel Garcia of the University of Florida Veterinary School, conducted a 2 yearlong study examining a 3 month-long treatment in a placebo blinded controlled clinical trial where dogs were either given a placebo or ElleVet Sciences CBD+CBDA oil. When compared to the placebo group, the frequency and severity of seizures dropped significantly for 40% of dogs on the ElleVet oil. All dogs enrolled were on concurrent seizure products with no adverse events occurring.
Chief Medical Officer of ElleVet Sciences, Dr. Joe Wakshlag says, "This can be a regimen that is safe and effective and is a worthwhile addition to the current regimen for refractory seizures when commonly used products are not working as well as intended. This study has similar success to what is observed in people, and I am extremely pleased to be able to share the results with the veterinary community."
According to ElleVet Sciences Co-Founder Amanda Howland, "It is not surprising to us that there were positive results as CBD has been used in the human realm for some time. What was surprising was the low dose that is needed of our full spectrum product compared to CBD isolate used in human studies."
Pet parents and veterinarians interested in trying ElleVet Sciences for dogs needing neurological support can find ElleVet Products either online at www.ellevetsciences.com or through their veterinarian.
ElleVet Sciences is a leading science-focused pet CBD+CBDA company based in Portland, Maine, and the first and only company to conduct clinical trials with proven results using their cannabinoid and terpene oil blend. ElleVet Sciences was founded by Christian Kjaer and Amanda Howland in 2017, and the entire ElleVet team combines science, veterinary backgrounds with a dedication to animals through research and innovation. For more information, please visit https://www.ellevetsciences.com or on social media at @Ellevetsciences on Facebook and Instagram.
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SOURCE ElleVet Sciences | https://www.whsv.com/prnewswire/2022/08/23/ellevet-sciences-announces-publication-results-seizure-study-using-their-proprietary-cbdcbda-oil-dogs/ | 2022-08-23T13:23:03Z |
Long-established emergency veterinary hospitals choose new name to better reflect their breadth of services and multiple locations.
WESTVILLE, Ind., Aug. 23, 2022 /PRNewswire/ -- Emergency Veterinary Care Centers (www.EVCC.com) is the new name for three Indiana-based veterinary emergency hospitals formerly known as North Central Veterinary Emergency Center. The phone numbers and physical locations in Highland, Westville and Mishawaka, Indiana, remain the same.
The newly named centers will continue to provide compassionate, high-quality emergency care for cats and dogs. Care will remain available 24/7/365 in Westville and Highland. The Mishawaka location offers 24-hour care on weekends from 7:30 p.m. ET on Fridays through 8:00 a.m. ET on Mondays, but is expected to add additional hours in the future. Check www.EVCC.com for the most up-to-date hours.
Emergency Veterinary Care Centers provide professional care for thousands of cats and dogs every year. They collaborate with each pet's primary veterinarian to create a comprehensive care team.
"We are proud to continue to provide highly-skilled care to cats and dogs when they are most in need," said Lori Ross, DVM, of Emergency Veterinary Care Centers. "Recognizing the special place pets have in our homes and in our hearts, we offer family-oriented care delivered with compassion," said Dr. Ross.
Emergency Veterinary Care Centers are accredited through the American Animal Hospital Association (AAHA), which represents the highest standard of veterinary excellence. The AAHA designation is earned by only a small percentage of animal hospitals in the United States.
Appointments are not needed at Emergency Veterinary Care Centers. People facing an urgent pet care situation are encouraged to call ahead so the veterinary team can be prepared for each pet's specific emergency.
"We are excited to announce our new name and are honored to continue serving pets from Indiana, greater Chicago and Michigan," said Deana Scheidt, director, business development for Emergency Veterinary Care Centers. "Our longstanding commitment to pets, up-to-date facilities and excellent reputation enable us to attract and retain a talented team of veterinary professionals who are passionate about providing personalized care to pets and compassionate service to their owners."
2427 Ridge Road
Highland, Indiana 46322
219-881-1600
1645 US 421
Westville, Indiana 46391
219-785-7300
5714 N. Main St.
Mishawaka, Indiana 46545
574-544-6200
Pet owners can learn more about pet health and safety at www.evcc.com.
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SOURCE Emergency Veterinary Care Centers | https://www.whsv.com/prnewswire/2022/08/23/emergency-veterinary-care-centers-is-new-name-north-central-veterinary-emergency-center/ | 2022-08-23T13:23:09Z |
DALLAS, Aug. 23, 2022 /PRNewswire/ -- Enhabit Home Health & Hospice (NYSE: EHAB), a leading national home health and hospice provider, today announced its participation in the following events:
- Jefferies Nashville Bus Tour on Aug. 31, 2022
- 2022 Wells Fargo Healthcare Conference in Boston on Sept. 8, 2022
Enhabit's President and Chief Executive Officer Barbara Jacobsmeyer and Chief Financial Officer Crissy Carlisle will participate in a fireside chat on Thursday, Sept. 8, 2022 at 4:20 p.m. ET. The presentation will be webcast live and available at https://investors.ehab.com.
About Enhabit Home Health & Hospice
Enhabit Home Health & Hospice is a leading national home health and hospice provider working to expand what's possible for patient care in the home. The company's team of clinicians supports patients and their families where they are most comfortable, with a nationwide footprint spanning 251 home health locations and 100 hospice locations across 34 states. Enhabit leverages advanced technology and compassionate teams to deliver extraordinary patient care. For more information, visit ehab.com.
Investor relations contact
Jennifer Hills
jennifer.hills@ehab.com
469-621-6496
Media contact
Erin Volbeda
media@ehab.com
972-338-5141
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SOURCE Enhabit Home Health & Hospice | https://www.whsv.com/prnewswire/2022/08/23/enhabit-home-health-amp-hospice-announces-participation-upcoming-investor-meetings/ | 2022-08-23T13:23:16Z |
LOUISVILLE, Ky., Aug. 23, 2022 /PRNewswire/ -- How does a first-time landscape contractor or other attendee find their bearings at Equip Exposition, the sixth largest trade show in the United States? The show, held October 18- 21, 2022, offers tips on how to navigate the event, which boasts a million square feet of exhibit space including a 30-acre Outdoor Demo Yard showcasing the newest outdoor power equipment in the industry at the Kentucky Exposition Center (KEC).
"First, with a show this size be sure to wear comfortable shoes," says Kris Kiser, President & CEO of the Outdoor Power Equipment Institute (OPEI), which owns Equip Exposition. "Also, Expo is open rain or shine. Check the weather report so you can dress appropriately."
Other insider tips include:
- Register now before registration price doubles on September 9. Lock in your early-bird ticket for only $20. Prices double to $40 at midnight September 9, and double again after October 14 to $80.
- Reserve your hotel room and make travel plans now. Louisville's 17,000 hotel rooms book up as October approaches. Some hotels are on a complimentary shuttle route that will get you to the show quickly. Book your hotel now and you might even win a prize.
- Download the official Equip Exposition app sponsored by Husqvarna. A show this size requires strategy. The app is the best way to plan your schedule. Navigate and mark the exhibits you want to see and education sessions to attend.
- Add education and training to your registration now. Landscapers can explore ways to grow their businesses with sessions on:
Dealers and technicians can also sign up for training to help them grow their businesses and skills. Dealership Management education sessions are included with all dealer trade show registrations.
- Get into the show fast. In addition to registration kiosks available onsite at the KEC in the South Wing lobby registration area, kiosks are also available at select hotels and the airport. Scan your registration bar code (bring your email confirmation!) and print your badge. Pre-registrants also can pick up their badges in "express" lanes in the South Wing lobby. To register onsite, go to the North Wing Lobby registration area. And there's free parking so there's no traffic at the KEC entrance gate.
- Connect with peers at the Welcome Reception: Held at Louisville Slugger Field on Tuesday, October 18, from 6:30 p.m. to 9 p.m., the reception features free food and fireworks, and a chance to meet your colleagues before the show kicks off the next morning. Sponsored by Husqvarna and Louisville Tourism.
- Fuel up on-site. A new coffee shop sponsored by EGO in the South Wing Lobby C, adjacent to the new Equip retail store, will be open during the show. Freedom Hall is the show's Food Hall with food trucks and three days of themed buffets (Taste of Kentucky, Southern BBQ, Little Italy). While in Freedom Hall, the tree climbing workshops, sponsored by STIHL, offer live climbing technique sessions on a real tree. The event is in collaboration with Davey Tree and the Women's Tree Climbing Workshop. Also visit the Outdoor Food Yard which offers food trucks and tented spaces to sit and relax.
- Test equipment in the Outdoor Demo Yard. Newly expanded to 30 acres, the Outdoor Demo Yard offers the opportunity to mow, mulch, cut, drive, and check out the latest outdoor power equipment. The expanded UTV Test Track lets licensed drivers over age 16 try the newest models.
- Take a run or walk. The inaugural Mulligan's Fun Run/Walk 5K, sponsored by Ariens Co., will benefit the Kentucky Humane Society. Run/walk across the Ohio River on the city's Big Four pedestrian bridge and in sight of Louisville's Great Lawn on Wednesday morning, October 19 at 7 a.m.
- Bring home a rescue pup. If you are looking to add a furry family member to your pack, Lucky's Mutt Madness, sponsored by the TurfMutt Foundation in partnership with the Kentucky Humane Society, brings a bevy of rescue dogs available for adoption to Freedom Hall on Thursday from 11:30 a.m - 2 p.m.
- Visit Hardscape North America (HNA). Equip Exposition registration gets you free access to HNA, the premier trade show for hardscape contractors.
- Stay up late. The Concert Series at 4th Street LIVE! will feature American country music singer and multi-platinum icon, Trace Adkins at 8 p.m. on Thursday night sponsored by STIHL on the Belgard Stage. Expo favorite and house band, THE CRASHERS will take the stage at 8 p.m. on Wednesday night.
- Explore Louisville. The city is easy to navigate and offers, 2,500 restaurants and more than 90 attractions, such as Louisville Slugger Field.
- Attend the closing keynote breakfast. This full breakfast includes a keynote address from National Geographic's Photo Ark creator Joel Sartore. Add this to your registration for only $15/person and go home inspired, and maybe you'll be the lucky RYOBI mower winner, awarded to one trade show attendee.
Visit https://www.equipexposition.com/ for more.
Media contacts
Ami Neiberger, Four Leaf PR on behalf of OPEI, 703-887-4877, ami@fourleafpr.com
Debbi Mayster, Four Leaf PR on behalf of OPEI, 240-988-6243, debbi@fourleafpr.com
Equip Exposition, the international landscape, outdoor living, and equipment exposition, is held annually in Louisville, KY, and in 2019 was ranked the sixth largest trade show in the United States. The show publishes equip magazine and is owned and managed by the Outdoor Power Equipment Institute, an international trade association representing manufacturers of outdoor power equipment, parts, small engines, battery power systems, portable generators, utility and personal transport vehicles, and golf cars, and their suppliers. For more information visit www.equipexposition.com
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SOURCE Equip Exposition | https://www.whsv.com/prnewswire/2022/08/23/equip-exposition-first-timers-strategies-conquer-this-massively-awesome-show/ | 2022-08-23T13:23:23Z |
PASADENA, Calif., Aug. 23, 2022 /PRNewswire/ -- ExchangeRight, one of the nation's leading providers of diversified real estate DST and REIT investments, has announced the completion of its 26th successful full-cycle event through the sale of its $62.18 million Net-Leased Portfolio 18 DST to an acquiring REIT. The sale provided investors total annual returns including cash flow ranging from 6.67 to 6.98 percent while maintaining uninterrupted monthly distributions and meeting cash flow projections.
The portfolio consisted of 17 net-leased properties covering 268,041 square feet and featured national creditworthy tenants including CVS, Tractor Supply, Dollar General, and Fresenius Medical Care. Launched in 2017, the offering provided uninterrupted monthly distributions to investors averaging 6.65 percent even through the height of the COVID crisis and economic lockdowns.
Upon sale, ExchangeRight provided portfolio investors the option to complete a tax-deferred 721 exchange, perform a 1031 exchange, receive cash, or a combination of these options. For investors who chose to complete a tax-deferred 721 exchange into the acquiring REIT, the total return on sale including cash flow was equivalent to 132.74 percent of initial capital investment based in part on KPMG's independent valuation of the acquiring portfolio's real estate combined with its other assets and liabilities as of June 30, 2022. For investors who chose to cash out or complete a 1031 exchange, the Net-Leased Portfolio 18 DST total return on sale including cash flow was approximately 131.30 percent of initial capital investment.
Joshua Ungerecht, one of the managing partners at ExchangeRight, said the optionality created by ExchangeRight's aggregation strategy allows for successful exit and multiple investment options.
"This accomplishment is another testament to the stability of our offerings," Ungerecht said. "Our strategy continues to preserve investor capital and produce income despite changes in the market. We are committed to empowering investors to accomplish their financial goals and giving them opportunities to customize their exits each time we take an offering full-cycle."
ExchangeRight pursues its passion to empower people to be secure, free, and generous by providing REIT, fund, and 1031 DST portfolios that target secure capital, stable income, and strategic exits. With assets under management in excess of $5.3 billion, the company strategically syndicates net-leased portfolios of assets backed primarily by investment-grade corporations that successfully operate in the necessity-based retail and healthcare industries, as well as diversified value-add portfolios of inline and outparcel retail properties shadow-anchored by strong-performing grocery tenants. Please visit www.exchangeright.com for more information.
Media Contact
Lindsey Thompson
Senior Media Relations Officer
lthompson@exchangeright.com
(626) 773-3448
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SOURCE ExchangeRight | https://www.whsv.com/prnewswire/2022/08/23/exchangeright-completes-62-million-full-cycle-event/ | 2022-08-23T13:23:30Z |
LISHUI, China, Aug. 23, 2022 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agricultural products supplier in China, announced today a new sales order that will be exporting to Guam. The order for dried Shiitake mushrooms and black Mu Er mushrooms is from one of the Company's long-term customers.
Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented "This latest order is from one of our long-term customers for multiple products to one of the many markets we are developing worldwide. Our successful business execution and continued focus on profitable revenue growth are helping us drive meaningful business momentum, as we also benefit from new revenue streams that are completely additive and expand the breadth of our product lines, including our new cotton and corn businesses."
About Farmmi, Inc.
Established in 1998, Farmmi Inc. (NASDAQ: FAMI) is an agricultural products supplier, processor and retailer of edible mushrooms like Shiitake and Mu Er, as well as other agricultural products. In addition to its offline sales, Farmmi sells its products direct-to-consumer. For further information about the Company, please visit website.
Forward-Looking Statements
No statement made in this press release should be interpreted as an offer to purchase or sell any security. Such an offer can only be made in accordance with the Securities Act of 1933, as amended, and applicable state securities laws. Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations and intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding lingering effects of the Covid-19 pandemic on our customer's businesses and our end purchaser's disposable income, our ability to raise capital on any particular terms, fulfillment of customer orders, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, our ability to realize revenue from expanded operation and acquired assets in China, our ability to attract and retain skilled professionals, client concentration, industry segment concentration, and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings. These filings are available at www.sec.gov. Farmmi may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.
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SOURCE Farmmi, Inc. | https://www.whsv.com/prnewswire/2022/08/23/farmmi-shipping-multi-product-order-guam/ | 2022-08-23T13:23:36Z |
NEW YORK, Aug. 23, 2022 /PRNewswire/ -- Firmament, a leading provider of structured equity capital solutions to small- and medium-sized enterprises, announced today a growth capital investment in Panacea Healthcare Solutions ("Panacea"). Panacea provides strategic pricing, price transparency, chargemaster, compliance, and revenue integrity software and consulting services to healthcare companies across the full continuum of care. Firmament's investment will fuel innovation and expand Panacea's product suite through the acquisition of Holliday & Associates and First Healthcare Compliance. The combined company will be a leading provider of healthcare revenue integrity and compliance software and services to over 600 hospitals, health systems, physician practices, and accountable care organizations across the United States.
The executive management teams of Panacea, Holiday & Associates, and First Healthcare Compliance will remain in place, together with the majority of their former shareholders. Panacea CEO Frederick Stodolak will continue to serve as Chief Executive Officer of the combined platform and will expand his role to become an active Chairman of the Board.
Stodolak stated, "We are proud to partner with Firmament and are excited for our future growth and continued product innovation. With the acquisition of Holliday & Associates, we are excited that our customers will benefit from access to a comprehensive suite of chargemaster software tools from a single vendor. Furthermore, we look forward to expanding First Healthcare Compliance's popular learning platform to leverage Panacea's expertise in inpatient, outpatient, and physician coding and compliance."
Rosemary Holliday, Managing Partner at Holliday & Associates, stated, "We have been partners with Panacea for many years and are thrilled to formally combine our two companies. With this step, our clients will benefit greatly as we integrate to become one of the industry's most comprehensive providers of revenue integrity software solutions."
"First Healthcare Compliance clients will benefit from the wide array of coding compliance and revenue integrity software solutions that Panacea offers," Julie Sheppard, President of First Healthcare Compliance, commented. "Our team looks forward to continuing to support our amazing clientele through expanded product offerings and continued investments into our compliance platform."
Green Campbell, Vice President at Firmament stated, "Healthcare providers today are overburdened by complex coding, pricing, and compliance rules. Panacea's price transparency, strategic pricing, coding, and compliance solutions sit at the forefront of the most relevant regulations impacting the healthcare industry today. We are proud to partner with the teams at Panacea, Holiday & Associates, and First Healthcare Compliance to support their continued growth and investments in cutting edge software and tech-enabled services."
About Panacea Healthcare Solutions
Panacea (www.panaceainc.com) provides software and tech-enabled services that help healthcare organizations improve their revenue integrity, coding, and compliance with front-line expertise in mid-revenue cycle management. In an era where 95% of provider revenue is driven by accurate coding and defensible yet optimal pricing, clients trust Panacea to deliver unparalleled value in strategic pricing, price transparency, chargemaster, compliance, and revenue integrity solutions.
About Firmament
Firmament (www.firmament.com) provides structured equity capital solutions to small- and medium-sized enterprises. Firmament is a value-added partner to entrepreneurs, management teams and business owners and curates solutions by deploying versatile capital in a user-friendly way. Firmament concentrates on software and services businesses with significant scaling potential in the healthcare, logistics, wellness and environmental sectors. With offices across the United States and in the United Kingdom, Firmament is focused on turning small business into big business.
Media Contact: Allie Reitman, media@firmament.com
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SOURCE Firmament | https://www.whsv.com/prnewswire/2022/08/23/firmament-backs-healthcare-revenue-integrity-technology-platform-panacea-healthcare-solutions/ | 2022-08-23T13:23:43Z |
Integrated technology offering leads the market with low capital and operating expenses, excellent operability, environmental performance, energy savings, broad product capability and simple processes
HOUSTON, Aug. 23, 2022 /PRNewswire/ -- Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced two major technology awards from Fujian Eversun New Material Co., Ltd. Fujian Eversun selected Lummus' CATOFIN® technology for a new 900 KTA propane dehydrogenation (PDH) unit and Lummus' Novolen technology for a new 800 KTA polypropylene unit at its complex in Fujian Province, China.
Lummus' scope includes the license for the CATOFIN and Novolen technologies, basic design engineering, training, services and catalyst supply. At 900 KTA, the CATOFIN unit will be the world's largest PDH unit alongside another unit in China that Lummus also licensed.
"CATOFIN and Novolen have very strong market positions due to their high reliability, lower capital and operating expenses, exceptional environmental performance and simple processes," said Leon de Bruyn, President and Chief Executive Officer of Lummus Technology. "In addition to these competitive and cost advantages, Fujian Eversun will benefit from Lummus' unique integrated technology offering providing a single-point performance guarantee during the entire life cycle of both units, from the feed in to product output to ongoing operations."
CATOFIN is an industry-leading method for light paraffin dehydrogenation that delivers excellent annual production output compared to alternative technologies. The process operates at thermodynamically advantaged reactor pressure and temperature to maximize conversion of propane to propylene, while reducing investment and operating costs.
Lummus Novolen Technology GmbH has added capacity of more than 7,300 KTA since 2020, making it the most licensed polypropylene technology in the world during this time period. Novolen also offers an expanded line polypropylene reactor, related engineering, technical support and advisory services, and catalysts for the production of high-performance polypropylene grades.
Lummus Technology is the global leader in developing process technologies that make modern life possible and focus on a more sustainable, low carbon future. Lummus is a master licensor of clean energy, petrochemical, refining, gas processing and renewable technologies, and a supplier of catalysts, proprietary equipment, digitalization and related lifecycle services to customers worldwide. To learn more about Lummus, visit www.LummusTechnology.com.
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SOURCE Lummus Technology, LLC | https://www.whsv.com/prnewswire/2022/08/23/fujian-eversun-selects-lummus-catofin-novolen-technologies-large-scale-units/ | 2022-08-23T13:23:50Z |
Genpact's extensive industry expertise and AI-powered claims management platform will help improve overall Member experiences and efficiencies
NEW YORK, Aug. 23, 2022 /PRNewswire/ -- Genpact (NYSE: G), a global professional services firm focused on delivering digital transformation, today announced it has been selected to implement its digital and AI capabilities to elevate USAA's Property Direct Repair Program (PDRP). Genpact's transformative approach to operating this program provides more transparency and agility, enabling USAA to better serve millions of Members of the U.S. military, veterans who have honorably served, and their families.
Given complex policy regulations and increased frequency of natural disasters, insurers need to process claims with more speed, transparency, and accuracy than ever before to remain competitive. To enhance the digital and in-person experience of USAA Members nationwide, Genpact will deploy its AI-enabled Cora Claims Manager solution to support the seamless and timely delivery of information to claims handlers and Members alike.
Leveraging Genpact's process excellence and its data intelligence to reimagine each stage in the PDRP customer journey, a better and more efficient experience for members and providers alike. Together, the elevated PDRP enables:
- Better Customer Experience - USAA's one-stop portal puts Members in control of the claim and repair process, with proactive and interactive communication alerts. Genpact's AI-powered platform, Cora Claims Manager, and connected partner ecosystem streamlines services to help ensure a better Member experience for all types of property claims.
- Better Insights – By embedding bespoke AI-driven technology into front and back-end systems across the PDRP, the program can now gather analytics strategically and seamlessly, turning existing data into insights that identifies the 'best-fit' contractor for a particular assignment.
- Better Access - Combining the highly recommended contractors from USAA's network with Genpact's existing network of vetted professionals increases the depth and breadth of nationwide coverage.
"The trifecta of a digital platform, AI-generated data, and a relationship-based highly experienced national network of adjusters will help deliver a more complete Member experience, both online and in-person," said Yasir Andrabi, global insurance strategy and solutions leader, Genpact. "Providing real time communication alleviates the stress and increases transparency of claim and repair timelines. This is a critical component of providing a better Member experience and a perfect example of Genpact's dedication to a world that works better for people."
By leveraging a vast network of trusted repair professionals, paired with expertise in technology-led insights, Genpact will help Members have a more streamlined and operationally excellent experience.
About Genpact
Genpact (NYSE: G) is a global professional services firm that makes business transformation real. Led by our purpose -- the relentless pursuit of a world that works better for people -- we drive digital-led innovation and digitally enabled intelligent operations for our clients. Guided by our experience reinventing and running thousands of processes for hundreds of clients, many of them Global Fortune 500 companies, we drive real-world transformation at scale. We think with design, dream in digital, and solve problems with data and analytics. Combining our expertise in end-to-end operations and our AI-based platform, Genpact Cora, we focus on the details – all 100,000+ of us. From New York to New Delhi, and more than 30 countries in between, we connect every dot, reimagine every process, and reinvent the ways companies work. We know that reimagining each step from start to finish creates better business outcomes. Whatever it is, we'll be there with you – accelerating digital transformation to create bold, lasting results – because transformation happens here. Get to know us at Genpact.com and on LinkedIn, Twitter, YouTube, and Facebook.
Media Contact:
Sarah Joyce
Genpact Media Relations
Sarah.joyce@genpact.com
+1 (626) 379-9829
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SOURCE Genpact | https://www.whsv.com/prnewswire/2022/08/23/genpact-teams-up-with-usaa-support-its-property-direct-repair-program/ | 2022-08-23T13:23:59Z |
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